Stock Market India may open positive and good bounce back expected today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
PRAJ INDUSTRIES (167)
Buy Above 168.25 Target 171.55, 175.00
Sell Below 165.55 Target 162.25, 158.00
GMR INFRA (98)
Buy Above 98.65 Target 101.75, 105.00
Sell Below 96.50 Target 94.25, 91.00
SAIL (136)
Buy Above 137.20 Target 140.30, 144.00
Sell Below 134.80 Target 131.25, 128.00
BANK OF BARODA (309)
Buy Above 311.60 Target 316.45, 322.00
Sell Below 307.25 Target 302.20, 295.00
RAJ TELE (117)
Buy Above 118.35 Target 122.15, 127.00
Sell Below 114.40 Target 111.05, 107.00
RPOWER (168)
Buy Above 169.25 Target 172.15, 175.00
Sell Below 166.50 Target 163.35, 160.00
Others for Intraday: RTS POWER, NTPC, SUZLON, TATA POWER.
GOOD LUCK.
Friday, September 12, 2008
Thursday, September 11, 2008
Intraday Trading Calls for 11st September
Stock Market India may open nagetive but smart recovery expected in mid session if inflation rate comes down to about 12%, So all depends on inflation today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
EIH LTD. (157)
Buy Above 158.25 Target 161.55, 165.00
Sell Below 155.50 Target 152.25, 148.00
RSWM LTD. (81.50)
Buy Above 82.40 Target 85.15, 88.00
Sell Below 80.40 Target 77.55, 74.00
INDIAN HOTELS COMPANY LTD. (76)
Buy Above 76.90 Target 79.50, 82.00
Sell Below 74.80 Target 72.10, 69.00
SESA GOA (142)
Buy Above 143.30 Target 146.15, 150.00
Sell Below 140.45 Target 137.20, 133.00
GMDC (186)
Buy Above 188.35 Target 192.15, 198.00
Sell Below 184.70 Target 181.05, 176.00
YES BANK (148)
Buy Above 149.05 Target 152.15, 155.00
Sell Below 146.60 Target 143.35, 140.00
Others for Intraday: HOTEL LEELA, ZEE ENTERTAINMENT, HCC, NAGARJUNA CONSTRUCTION, BOB.
GOOD LUCK.
Wednesday, September 10, 2008
Intraday Trading Calls for 10th September
Stock Market India may open flat to nagetive & remains flat and trade in small range throughout the day today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
RPOWER (169)
Buy Above 169.90 Target 172.55, 176.00
Sell Below 167.50 Target 163.25, 160.00
RENUKA SUGAR (122)
Buy Above 123.25 Target 126.15, 129.00
Sell Below 121.05 Target 119.05, 116.00
TRIVENI ENGINEERING (95)
Buy Above 95.85 Target 97.50, 100.00
Sell Below 93.75 Target 91.20, 88.00
HPCL (243)
Buy Above 245.10 Target 249.25, 254.00
Sell Below 241.45 Target 237.65, 232.00
RCOM (405)
Buy Above 407.65 Target 412.75, 418.00
Sell Below 402.75 Target 397.20, 391.00
HDIL (311)
Buy Above 313.55 Target 318.45, 325.00
Sell Below 308.60 Target 302.35, 295.00
Others for Intraday: PIONEER EMBROIDERIES, IDEA, CHAMBAL FERTILIZER, GMDC.
GOOD LUCK.
Tuesday, September 9, 2008
Stock Idea: Goa Carbon
A part of the Dempo group, Goa Carbon has had an exceedingly good first quarter, carrying forward the winning stroke it had in FY08. A simple change in sales strategy has put the company on the firm path to superlative growth.
Net sales rose by a whopping 130% on a YoY at Rs.109.60 crore. EBIDTA doubled up from Rs.4.04 crore to Rs.19.16 crore. PBT was up more than 10 times at Rs.19.16 crore. The company had a MTM forex loss of Rs.8.56 crore. PAT was up over 8 times at Rs.11.63 crore. What is noteworthy here is that for entire FY08, the company had posted a PAT of Rs.17.32 crore
And this change in fortunes was brought about due to the change which the company made in its sales policy, starting from January 08’. It started selling on a spot basis instead of forward contracts. This helps the company sell CPC at an average rate of over $500-550 per tonne as against the price of $350-400 per tonne it was selling earlier. It also stopped selling on credit and this too helped.
It currently has a manufacturing capacity of 2.40,000 tpa, making it the second largest after Rain Commodities, which has a capacity of 6,00,000 tpa. It exports 25% of its production while the rest is sold to consumers in aluminium, titanium dioxide and metallurgical chemical industries. Of this, aluminium manufacturers account for 75% of the business, meaning its fortunes are closely linked to that of the aluminium sector.
The company has chalked out a capex of Rs.480 crore to set up a greenfield plant to produce up to 5 lakh tpa of CPC with a co-generation power plant of 40 MW.
The stock price has moved up sharply in August and currently it is hovering in the range of Rs.130-136. Stay invested, infact at every dip, accumulate the stock.
Net sales rose by a whopping 130% on a YoY at Rs.109.60 crore. EBIDTA doubled up from Rs.4.04 crore to Rs.19.16 crore. PBT was up more than 10 times at Rs.19.16 crore. The company had a MTM forex loss of Rs.8.56 crore. PAT was up over 8 times at Rs.11.63 crore. What is noteworthy here is that for entire FY08, the company had posted a PAT of Rs.17.32 crore
And this change in fortunes was brought about due to the change which the company made in its sales policy, starting from January 08’. It started selling on a spot basis instead of forward contracts. This helps the company sell CPC at an average rate of over $500-550 per tonne as against the price of $350-400 per tonne it was selling earlier. It also stopped selling on credit and this too helped.
It currently has a manufacturing capacity of 2.40,000 tpa, making it the second largest after Rain Commodities, which has a capacity of 6,00,000 tpa. It exports 25% of its production while the rest is sold to consumers in aluminium, titanium dioxide and metallurgical chemical industries. Of this, aluminium manufacturers account for 75% of the business, meaning its fortunes are closely linked to that of the aluminium sector.
The company has chalked out a capex of Rs.480 crore to set up a greenfield plant to produce up to 5 lakh tpa of CPC with a co-generation power plant of 40 MW.
The stock price has moved up sharply in August and currently it is hovering in the range of Rs.130-136. Stay invested, infact at every dip, accumulate the stock.
Source: sptulsian.com
Stock Idea: India Glycols
One glance at the financial performance for first quarter ended 30th June 2008, be it YoY or QoQ, indicates an across the board fall in topline as well as bottomlines. Sequentially, OPM has slipped from 19.05% in Q4FY08 to 17.08% in current Q1, NPM slipped from 6.99% to 4.85%. YoY, the fall is sharper. OPM has come down from 27.43% and NPM from a very healthy 13.14%.
There were two reasons for this fall. The biggest culprit is the fact that the company has shut down the plant for 21 days for debottlenecking of capacities & catalyst change. 21 days is almost like a full month, juts one week short. So of the three months in Q1, the company actually operated for just 2 months and one week. Naturally, the profitability was bound to take a hit.
Secondly, even on the lower net sales, the company’s operating expenses was quite high. YoY, one may feel that the company has managed to keep it at the same levels of Rs.215 crore but when compares it as percentage of sales, it becomes apparent that the outgo was much higher. In Q1FY09, operating expenses ate away 86% of the net sales, which was at 79% in Q1FY08.
The current fiscal is expected to be good. Its carbon-di-oxide plant of 80 ton per day capacity at Kashipur started commercial production in April’08 and this would also start contributing to the bottomlines in the current fiscal.
India Glycols is a very good company, its product is its winner. It manufactures MEG from molasses unlike others who do it from crude, hence it is protected from the vagaries of the rising crude prices and at the same time, gives a more cost effective substitute for its customers. Its located in Uttaranchal, which is close to the main sugar belt of India. And that is the reason why the company did not hit rock bottom despite the performance.
Currently quoted at Rs.210, its best to accumulate this stock at every dip and keep a 15-18 months perspective for gains.
Source: sptulsian.com
Intraday Trading Calls for 09th September
Stock Market India may open flat to nagetive and see some profit booking but recovery also expected from lower levels and a flat to positive closing expected today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
Buy Above 169.60 Target 172.55, 176.00
Sell Below 166.80 Target 163.25, 160.00
GMDC (191)
Buy Above 193.25 Target 198.75, 208.00
Sell Below 189.20 Target 184.25, 178.00
INDIABULLS SECURITIES (63.5)
Buy Above 64.45 Target 66.75, 69.00
Sell Below 62.60 Target 60.20, 58.00
GSS AMERICA INFO (297)
Buy Above 300.10 Target 306.75, 314.00
Sell Below 294.55 Target 288.05, 282.00
PUNJ LLOYD (309)
Buy Above 311.45 Target 315.75, 322.00
Sell Below 307.55 Target 302.20, 295.00
SEL MANUFACTURING (237)
Buy Above 240.55 Target 248.05, 258.00
Sell Below 234.60 Target 228.35, 220.00
Others for Intraday: INDIAINFOLINE, ORG INFORMATICS, STONE INDIA, HPCL, BPCL.
GOOD LUCK.
Monday, September 8, 2008
Stock Idea: Prime Property
Prime Property Development Corporation Ltd. (Code: 530695) (Rs.61.55) is a small real estate developer based in Mumbai which boasts of constructing landmark residential and commercial buildings for high end customers in Mumbai. Prime Avenue, Prime Centre, Prime Beach & Prime Plaza are few of its prestigious residential & commercial developments in prime areas like Santacruz (West) & Vile Parle (West) in suburban Mumbai. Presently, the company is focusing to complete its two ongoing projects in Mumbai namely ‘Prime Down Town Mall’ - a 270,000 sq. ft. luxurious composite mall with multiplexes and ‘Prime Tech Park’, which is 90,000 sq. ft. commercial building. Besides these, the company has started construction work on two more shopping malls called ‘Prime Square’ - 70,000 sq. ft. mall in Goregaon Mumbai and ‘Prime Pune Mall’ - gigantic 430,000 sq. ft. state-of-the-art mall with an anchor shop, multiplex, food court, entertainment area and a hotel in Pune. For FY08, it clocked an EPS of Rs.16 and declared a dividend of Rs.1.50. It has announced excellent results for Q1FY09 and considering the company’s current projects in hand in prime locations, it may report total revenue of Rs.150 cr. with net profit of Rs.40 cr. for FY09 i.e. an EPS of Rs.20 on its current equity. Only aggressive investors are advised to buy at current levels.
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