Intraday Trading Calls for 03rd June

Markets may open gap down but short covering expected at lower levels so a bit recovery expected. A nagetive closing expected.

Today's Intraday Tips/Trading Calls:

VOLTAS

PRAJ INDUSTRIES

DCB

ADHUNIK METALIKS

INDIABULLS SECURITIES

UNITECH LTD.

For Levels and Targets download the file by CLICK HERE.

Others: Cairn India, Essar Oil and Selan Exploration can recovers fast from lower levels.

Good Luck

Markets Today

Markets Snapshot
Market witness bad session of trade as Nifty slips below 4800 and Sensex below 16000 during the day
Sensex ends down 352 pts at 16063; NIfty ends down 130.5 pts at 4740
CNX Midcap Index down 2%, BSE Small-cap Index down 2.13%
BSE Realty Index down 4%; Orbit down 7.5%, HDIL down 6.7%, Unitech down 6.5%, Sobha Dev down 5.5%
BSE Metal Index down 3.6%; Sesa Goa down 8.2%, SAIL down 5.2%, Hindalco down 5.1%, Hind Zinc down 4.5%
Base Metal last week: Tin down 13%, Zinc down 6%, Copper down 4%, Aluminium down 2% last week
BSE Bank Index down 3.3%; Kotak Mah down 6.3%, CBI down 6.1%, Axis Bank down 5.5%, Yes Bank down 4.8%, HDFC Bk down 4.25%, SBI down 3.5%
BSE Auto Index ends flat on back of good monthly nos from auto cos; Hero Honda up 5.5%, MUL up 3.2%
Buzzers: Zandu Pharma up 19.5%, Bajaj FinServe up 6.5%, Blue Dart up 6%
Losers: Aishwarya Tele down 10%, DCB down 9.5%, Harrison Malayam down 9.5%, Asian Elec down 11.5%
NSE Advance Decline at 1:5
Total market turnover at Rs 51868 cr; FNO turnover at Rs 35257 cr
F&O Snapshot
Nifty witness fresh short positions through out the day
Nifty Fut discount at 27 pts; add 35 lakh shares in OI
Momemtum stocks witness cut in open Int; fresh short position seen in large cap stocks
Nifty 4700 put adds 3 lakh shares ;Nifty 5000 put sheds 1.2 lakh shares
Nifty 4700 call adds 1.9 lakh shares, Nifty 4800 call adds 3.2 lakh shares
NSE F&O Turnover at 35257 cr lower than the last week’s avg
Star Trade :
Punj Lloyd dn 12.2%; adds 10 lakh shares
DCB dn 10%; adds 4.7 lakh shares
Unwinding in Momemtum Stocks :
Ifci dn 5.6%; sheds 44 lakh shares
Ispat dn 5.7%; sheds 13.8 lakh shares
Jp Hydro dn 5.3%; sheds 5.4 lakh shares
Naga Fert dn 5.1%; sheds 4.8 lakh shares
TTML dn 5.2 %; sheds 3 lakh shares
Fresh Shorts:
NTPC dn 6.3 %; adds 30.3 lakh shares
Power Grid dn 6.5 %; adds 20.4 lakh shares
RNRL dn 4.5 %; adds 7.1 lakh shares
Unitech dn 7%; adds 5.7 lakh shares
Rel Cap dn 6.2%; adds 2.9 lakh shares
Fresh Longs : Maruti up 2.3%; adds 2.4 lakh shares
Source: moneycontrol.com

Stock Idea: Mundra Port

The only listed private port of India, Mundra Port has been doing exceedingly well on the business, since the past fortnight. After having scaled Rs.880 a week ago, the stock is still high at Rs.849. There is a major buzz around the stock, on expectations of group company – Adani Power planning an IPO soon.
And now with the company posting a good financial performance for Q4 & FY 08 ended 31-03-08, the stock seems like a prime pick in any portfolio.
For the year ended 31-03-08, the company posted a net income of Rs.818.21 crore on which it posted a PBT of Rs.355.16 crore and PAT was at Rs.205.71 crore. The huge tax outgo of Rs.103.61 crore ate away quite a lot of the profit margin.
If one looks at the Q4 results, it becomes quite apparent that the company’s profitability for FY08 was fueled, mainly due to the Q4 earnings.
For Q4 FY 08, its net income was Rs.328.65 crore and on Q0Q, there was an almost a 5-fold jump in other income at Rs.20.91 crore. EBIDTA was at Rs.284.96 crore and PBT was at Rs.223.86 crore, which is 63% of entire FY 08 PBT earnings. Tax outgo in Q4 was at Rs.103.61 crore as against Rs.19.16 crore in Q3. PAT in Q4 was at Rs.91.10 crore.
The company had gone public in November 2007 and it had offered shares at Rs.440 per share. The IPO was subscribed 116 times and it got listed t Rs.770. Since then, it touched a low Rs.463 only once on 24-03-08, but again never went below the offer price.
The company has signed an agreement with Maruti for a mega car terminal for exports of cars and this is expected to be operational by December 2007. FY 09 is estimated to be good, so stay invested. Buy if the stock dips below Rs.720 levels.

Source: sptulsian.com

Intraday Trading Calls for 2nd June

Today Indian Stock Market may open positive and remains volatile with positive bias.

Today's Intraday Stock Tips/Trading Calls:

VOLTAS
NIIT LTD.
PRAJ INDUSTRIES
ADHUNIK METALIKS
UNITECH LTD.
INDIABULLS SECURITIES

For Levels and Targets download the file by CLICK HERE.

Others: Eicher Motors & GSS America can moves up smartly.

Good Luck

Stock Idea: Rural Electrification

A pioneer in the area of rural electrification, this PSU has posted a consistent performance for year ended 31-03-08.
With a 27% rise in net income and 20% rise in operating expense, on the profitability front, the company has done well. Its consolidated net profit rose 30% at Rs.860.14 crore. On an equity of Rs.858.66 crores, it posted an EPS of Rs.10.94.
Its sanctions were up 85% and Rs.60,764 crore while disbursements rose 19% at Rs.16,303 crore. Infact, it disbursed a subsidy of Rs.3,350 crore and a loan of Rs.401 crore under Rajiv Gandhi Grameen Vidyutikaran Yojana.
On 05-05-08, REC was granted the ‘Navratna’ status. This gives its financial and administrative autonomy. REC can now take decisions of investing up to Rs.1,000 crore or 15% of its net worth independently. It would be able to expand its electricity business in the rural areas.
REC had gone public in March 2008, in the wake of the turmoil in the IPO markets cuased by Reliance Power. Yet, it had managed to do well and to a large extent, was responsible for restoring some faith back into the primary markets.
It had issued shares at Rs.105 and had got listed at Rs.128. It is currently quoted at Rs.111. Unlike PSU banks, REC does not disburse loans to farmers or individuals, it finances public sector projects and mega power projects. It is in no way affected by the debt waivers announced. It’s risk is to the extent of recovering money from other PSU’s, a risk which all banks face.
REC is a good buy at CMP of Rs.107.

Stock Ideas: Rolta India

Prabhudas Lilladher has maintained its buy rating on Rolta India with a target price of Rs 437 in its May 27, 2008 research report. "The company management has indicated there is a huge opportunity for it in terms of airport redevelopment, 3D city mapping and work related to power distribution companies (discoms). Rolta is already involved with 26 airport projects across the country. Mapping a single city would be a Rs 1.5-Rs 2.0 billion project. Rolta has hands on experience in this as it has done 3D city mapping for Dubai. We also understand that Rolta is working on nine projects for power distribution companies."
"We expect Rolta to report 46.30% and 35.2% revenue growth in FY09 and FY10 respectively. We expect its earnings to grow by 34.2% and 48.6% during the same period. We maintain BUY rating on the stock with a target price of Rs 437 (14xFY10E earnings)," says Lilladher's research report.

Intraday Trading Calls for 30th May

There are so much annoucements will hit the market today like Inflation rate, GDP, Petrol price Hike etc. So Indian Stock Market may remains very volatile but I think there are some positive news also like Crude oils comes down to $126, Sebi eases registration norms for FIIs and sub accounts, FIIs can issue participatory notes to entities like hedge funds, Government allows infrastructure firms to borrow US$100mn abroad through ECBs for rupee expenditure under the approval route. So overall market may see a good and strong rally even today or from Monday.

Today's Intraday Stock Tips/ Trading Calls:

ELECON ENGINEERING

NEYVELI LIGNITE

PRAJ INDUSTRIES

INDIABULLS REALEST

ANSAL INFRA

INDIABULLS SECURITIES.

For Levels and Targets download the file by CLICK HERE.

Others: Bombay Dyeing & Pharma Sector.

Corporate News :
Reliance Industries and Standard Chartered Bank may co-bid for strategic stake in IFCI. (DNA)
Sun Pharma may take legal action against Israel’s Taro Pharma, for terminating merger. (BS)
L&T schedules first of three IPOs for 2009-10. (BL)
Jubilant completes acquisition of Canada's Draxis Speciality Pharma for US$253mn. (BS)
Exide plans investment worth Rs350mn to acquire lead smelter company. (BL)
SAT sets aside SEBI penalty on Holcim. (BS)
Tata group is setting up a BPO on its proposed steel plant site in Orissa. (BS)
Tata’s small car Nano is hit by rising input costs. (DNA)
Videocon is planning to set up a 1,000MW hydropower project in Uttaranchal. (DNA)
Piramal Life to invest Rs2bn p.a. for next 2-3 years on R&D. (DNA)
Gujarat Industries Power Co. (GIPCL) is expected to start work on the 500MW lignite based power plant soon. (DNA)
PTC plans to raise US$500mn. (BL)
Kavveri Telecom signs MoU with MS Ramaiah School of Advanced Studies to augment its R&D. (BL)
TCS to spend Rs19bn in the current fiscal year. (BL)
ABG Infralogistics is set to get deals for two Haldia dock terminal operations. (BL)
Havells India among 14 FDI plans cleared for issuing shares and warrants. (BL)
NMDC and Spice Minerals sign MoU for a JV to seek overseas acquisitions. (BL)
Linde Group, Germany plans to invest euro 1bn in its unit BOC India over 7-10 years. (FE)
ICICI Prudential ties-up with American Express Banking Corp.(FE)
Karuturi Global to raise US$250mn for agri project in Ethopia. (FE)
Dish TV to increase borrowing limits by Rs10bn. (FE)
Orchid Chemicals to convert business alliance with Ranbaxy into an agreement next month. (FE)
Hindustan Aeronautics to manufacture over 1,000 Honeywell TPE331 aircrafts engines for the US Company. (FE)
HPCL decides to put on hold Rs317.5bn worth of capital investment. (FE)
TDSAT directs BSNL to restore connection to Bharti Airtel in parts of Bangalore. (FE)
L&T proposes to set up 15-hector IT SEZ in Gujarat. (FE)
BoA to consider the in-principle approval to SEZ proposals of Gremach Infrastructure. (FE)
Maharashtra government delays land acquisition process, slows down Tata Power, Reliance Energy power project development. (FE)
Hanung Toys to acquire frontline US home furnishing marketing company. (ET)
Wipro wins an interim court ruling against bulb maker KK Lamps. (ET)
JB Group announces foray into food business by forming a new company JB N JEG Foods. (ET)
TTML in talks with Srei Group company Quippo Telecom to merge its tower arm. (ET)
Bombay Dyeing sold off its DMT plant to Gujarat Company. (ET)

Good Luck