Intraday Calls for 27th November

Market may open nagetive but recovers later and should trade flat to positively throughout the day.

Buy for Intraday:

New Listing : Mundra Port & SEZ may list around Rs. 1000 and can go up to Rs. 1100-1150/-.

Empee Distilleries (318) Target 335+ SL 315

Noida Toll (55) Target 58-60 SL 53

SREI Infra (190) Target 200 SL 186

IndiaBulls Financials (790) Target 825 SL 785

Jindal Stainless Steel (216) Target 225 SL 212

Ispat Industries (40.90) Target 42-44 SL 39

SAIL (265) Target 275 SL 260

GDL Ltd (145) Target 150+ SL 143

Mercator Lines (127) Target 135+ SL 125

NIIT Ltd. (134) Target 138-140 SL 132

Mphasis BFL (280) Target 290-295 SL 276

Ricoh Auto (39.5) Target 42-45 SL38

Others: Reliance Energy, RPL, JP Hydropower, Bhushan Steel, Sunflag Iron & Steel, Amara Raja.

***** Keep Accumulating Sumeet Industries, Pondy Oxides & Ashok Leyland.

Good Luck

Intraday Calls for 26th November

Market may see a strong rally at 1st half but may see some profit booking at the end.

Buy for Intraday:

RCOM (682)
Bharti Airtel (913)
India Infoline (1115)
Religare Enterprises (530)
JP Hydro (108)
NTPC (236)
PTC (150)
Gujarat NRE Coke (118)
DLF (868)
UNITECH (340)
ORBIT Corp (769)
Bank of Baroda (353)
UCO Bank (57.5)
Adani Enterprises (850)
Wipro (442)
Ispat Industries

Buy Ashok Leyland (40) For short term target of Rs. 55+

***** Accumulate Sumeet Industries & Pondy Oxides & Chemicals Ltd.
Hold Maximaa Systems.

Good Luck

IPO Talk: Jyothy Laboratories

Jyothy Laboratories is entering the capital market on 22nd November 07 with an Offer for Sale of 44.30 lakh equity shares, of Rs.5 each, in the band of Rs.620 to Rs.690 per share. Five, venture capitalists and PE investors, having acquired the shares of the company between 2000 and 2006, are now offloading their stake and completely exiting from the company. The cost of acquisition per share to these investors was at Rs.143 in 2000 and at Rs.291 in the year 2003.

The company has been struggling till FY 04, when it had stagnant topline and negative bottomline. In FY 05, though topline fell to Rs.271 crores from Rs.300 crores, PAT rose to Rs.33.27 crores, against net loss of Rs.23.08 crores, in FY 04.

The Offer for Sale is being made by five shareholders, of which ICICI Bank Canada and ICICI Bank UK, PLC is holding maximum number of shares, of about 28.66 lakh shares. These shares were acquired by them in the year 2006, from original allottees like Canzone Ltd., South Asia Regional Fund and CDC Investment Holdings.

The company is an FMCG player in fabric care, household insecticide, surface cleaning, personal care and air care segment with brands such as Ujala, Maxo, Exo, Jeeva and Maya.

Ujala Fabric Whitener, flagship brand of the company, has 57.5% market share (by volume) and 72.2% share (by value) as at 31st July 07. Maxo Coils has market share of 20.8% as on that date. Rest of the brands are either region based or have yet to catch on.

Since the proposed issue is Offer for Sale, no capacity increase is taking place or no new fund is coming to the company, hence only the normal growth would get achieved by the company. Though topline of the company rose by 19.25% from Rs.314.05 crores in FY 06 to Rs.374.52 crores in FY 07, PAT rose only by 3.33% from Rs.46.59 crores in FY 06 to Rs.48.14 crores in FY 07. This is due to fall in the EBITDA margin in FY 07 to 18.12% from 19.34% in FY 06. Due to huge cash surplus of about Rs.77 crores with the company, other income is quite high at Rs.12.63 crores for FY 07. EPS was at Rs.33.20 for FY 07.

FMCG sector presently is not a fancied sector and is likely to remain so for the next couple of years. Return on net worth of the company is also quite low at 16.51% when compared to its peers like Emami, which is at 40.5% and Marico at 49.7%. The share is being offered at a PE multiple of close to 21, at the upper band, of Rs.690 per share, thus leaving very low scope for appreciation in the medium to long term. The issue may give listing gains but looking at the pressure on margins of the company, the share may not be able to give decent returns in the long run.

Source:sptulsian.com

(*****Latest grey market premium is Rs. 350+ Apply for listing gain only.)

Intraday Calls for 22nd November

A Bounce Back Expected.

Buy for Intraday:

Religare Enterprises Ltd.
Cinemax Ltd.
Shringar Cinemas Ltd.
PSTL
House of Pearl Fashion Ltd. (HOPFL)
Polaris Lab
Prithvi Info
Great Offshore
Elecon Engineering
Purvankara Projects
IDFC
Wockhardt Ltd.
Novartis India Ltd.
Ansal Buildwell

*****Accumulate Pondy Oxides & Chemicals Ltd & Sumeet Industries.
Hold Maximaa Systems.

Good Luck

Intraday Calls for 21st November

Market may open flat to nagetive but after that a positive trading should starts and will remain positive whole the day.

Buy for Intraday:

New Listing Religare (185) can list around 525-575 and Target 650+
Great Offshore
Gulf Oils
Petronet LNG
Selan Exploration.
IDFC
JP Hydro
Omaxe Ltd.
GNFC
Welspun Gujarat
Welspun India
Ansal Buildwell
Parsvnath Developers
GDL

Others: TTML, Manugraph India, Cinemax Ltd, Kisan Moulding, Nagarjuna Fert., UCO Bank.

*****Maximaa Systems hits buyer freeze before cooling down.
CHD Developers hits Rs. 30 mark and achieve 1st target. Long term investor remain ivested for Rs. 50/- SL Rs. 22/-
Sumeet Industries Hits upper circuit at Rs. 14.72/-.
Pondy Oxides & Chemicals Ltd. starts moving up with good volumes.

Good Luck

Intraday Calls for 20th November

Market is likely to open with nagetive note as all global market trading very weak. But later recovery expected.

Buy for intraday at lower leveles (Trade in small qty today with Strict SL):

TTML (Ultimate Target 65+)
Ashok Layland
Lokesh Machine
GDL
Electrosteel casting.
Apollo Tyres
Manugraph India
Cinemax Ltd.
Mid-Day Multimedia
ITL Industries
UCO Bank
Gwalior Chemical

Others: Punj Llyod, IVRCL Infra, Ansal Buildwell, KPR Mills.

***** Maximaa Systems, CHD Developers and Sumeet Industries all were at upper curcuits.Enjoy
Accumulate Pondy Oxides & Chemicals Ltd.

Good Luck

Markets Today: Midcaps & Smallcaps Outperform

It started as a good day for markets but the frontliners failed to hold their gains at the higher levels and ended near the lowest point of the day. The rally in the midcaps and smallcaps continued and the market breadth was significantly positive.
Nifty Junior had blown out the lights and the index was up over 4%. Midcap index is up 2.7% and smallcap index is up 3%. The rally was seen despite some sell off seen in Asia markets.
Mukta Arts, Manugraph Ind, Rohit Ferro Tec, Gwalior Chem, Suryalakshmi Co were the smallcap performers locked in upper circuit each up 20%.
Among the block deals Centurion BoP, Reliance Infra and Suzlon Energy saw some block deal.
Auto, power, realty, cement and metal stocks were buzzing.
Gainers in the midcap space were Exide Industrie, Nirma, FDC, Sun Pharma Adv, Vijaya Bank, Centurion Bank, Alok Industries, Blue Dart, UB Holdings.
Midcap banking space was also very active and is trading with good gains. Centyrion BoP was up over 14% and Vijaya Bank up over 13%.
Among the frontliners Bajaj Auto, ONGC, Cipla, Siemens, Suzlon Energy were the top gainers.
Bank pivotals like ICICI Bank and HDFC Bank were seeing some profit booking along with the oil refinery duo of BPCL and HFCL. FMCG major ITC was also trading weak.
Sensex was down 65.00 points or 0.33% at 19633.36, and the Nifty up 0.80 points or 0.01% at 5907.65.
About 2305 shares have advanced, 715 shares declined, and 45 shares are unchanged.
The BSE Midcap Index ended at 8,730.82 up 2.6%.
The BSE Smallcap Index ended at 10,672.89 up 2.8%.
The BSE Bankex was down 1% at 10,920.67. Top losers were HDFC Bank, ICICI Bank and SBI. Midcap bank stocks were on fire with CBoP up 14%, Vijaya Bank up 13.8%.
The BSE Capital Goods Index was up 1% at 20,806.42. Triveni Engg, AIA Engineering, Siemens, Crompton Greave, Thermax, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,413.24 up 2.5%. Apollo Tyres, Escorts, TVS Motor, Exide Ind, Ashok Leyland closed higher.TVS Motor up 12%, Escorts up 12%, Ashok Leyland up 6.7%, LML locked at 5%.
The BSE Metal Index closed at 17,668.86 up 1%. Jindal Steel, JindalStainless, Tata Steel, SAIL, Hind Zinc closed higher.
The BSE FMCG Index closed at 2,224.86 down 0.2%. ITC and GlaxoSmith Cons were each down over 3%.
BSE Oil and Gas Index closed flat at 12,467.50. HPCL, BPCL, IOC, Reliance Petro ended lower but Essar Oil up 6%, Chennai up 4.3%.
The BSE IT Index was at 4,634.64 up 0.4%. Tech Mahindra, I-Flex Solution, Patni Computer, HCL Tech closed higher.
Sugar stocks saw heavy buying; Balrampur was up 11%, Triveni up 19%, Bajaj Hindusthan up 6%
Total market turnover at Rs 78,490 crore Versus Rs 89,336 crore in last trading session.
Source:moneycontrol.com