Corporate News

Ministry of Petroleum and Natural Gas has directed Reliance Industries to make additional allocation of natural gas from its KG Basin field to nine power companies. (BS)

TCS aims to prune its selling, general and marketing expenses to 19% of its total earnings. (BL)

NTPC, Reliance Industries case hearing on July 8^{th 2009. (BL)}

^{Infosys has bagged a US$10mn deal from Microsoft. (ET)}

^{HDFC and HDFC Bank are set to cut interest rates on term deposits by up to 25bps. (ET)}

^{Hindalco is close to acquiring a coal mine in Australia for US$70-80mn. (ET)}

^{M&M is betting its diesel pick up trucks to beat the Chinese competition in US markets. (BS)}

^{ONGC - Mittal
to spend US$150mn in Nigeria. (FE)}

^{GAIL has informed Delhi High Court that it has cancelled tender for 3 sections of its Dahej-Vijaipur pipeline where Man Industries was the lowest bidder. (FE)}

^{HPCL and LN Mittal owned Bathinda Refinary is likely to raise Rs20bn through IPO by year-end. (ET)}

^{Tata Communications may sell a minority stake in Tata Communication Internet Services to rope in a strategic partner with proven experience in Wi-Max operations. (ET)}

^{US based Medicis Pharmaceutical Corporation has filed a law suit against Ranbaxy for alleged infringement of its patent on a drug branded Solodyne. (BS)}

^{Ashok Leyland has entered into pact with UBI and Bank to extend retail finance for sales of promotional vehicle. (FE)}

^{NHPC Ltd to float its IPO by end of August 2009. (BL)}

^{Government plans to divest 10% in Coal India Ltd. (BS)}

^{Jet Airways will not offer any frill services in 110 routes out of its 290 routes. (BL)}

^{Jet Airways and Kingfisher Airlines have raised the fuel surcharge by Rs400 on domestic flights. (BL)}

^{Yes Bank plans to enter retail brokerage business. (FE)}

^{Havells India targets Rs5bn revenue from Switch gear exports in the next three years. (FE)}

^{Apollo Group has dropped plans to acquire Wockhardt Hospitals. (BL)}

^{Fortis Healthcare is leading the race to acquire part of Wockhardt Hospitals. (BS)}

^{Wockhardt Ltd has divested its German business Esparma to Mova GmbH. (BL)}

^{Omaxe Infrastructure has bagged an order worth Rs1.3bn from UP Projects Corporation Ltd. (BS)}

^{Dabur India has increased its stake in Fem Care Pharma to 92.15% post completion of the open offer. (BS)}

^{Man Industries is shelving its plan to build a US$100mn plant in Arkansas. (BS)}

^{Godrej Consumers plans to renew focus on hair colours to achieve higher growth. (BS)}

^{AB Nuvo to raise Rs10bn to repay short-term debt. (FE)}

^{Syndicate Bank has raised Rs2bn from sale of bonds. (FE)}

^{Akruti City has delayed its US$500mn QIP issue by a year. (ET)}

^{Source: indiainfoline.com}

Intraday Trading Calls for 18th June

Stock Market India may open flat to positive and remains positive for the day today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
VOLTAS (500575)	Buy Above	122.60	126.75	132.00
	Sell Below	120.40	116.35	111.00
CAIRN INDIA (532792)	Buy Above	236.70	243.25	250.00
	Sell Below	233.50	229.40	225.00
REL POWER (532939)	Buy Above	186.55	191.65	198.00
	Sell Below	183.70	179.40	174.00
PFC (532810)	Buy Above	198.20	203.75	210.00
	Sell Below	194.60	190.25	185.00
GMR INFRA (532754)	Buy Above	145.70	150.25	155.00
	Sell Below	143.20	139.40	135.00
INDIABULLS REALST	Buy Above	201.25	207.60	214.00
	Sell Below	198.40	193.55	188.00
UNITECH LTD. (507878)	Buy Above	85.20	88.55	92.00
	Sell Below	83.15	80.35	76.00

GOOD LUCK

Intraday Trading Calls for 17th June

Stock Market India may open negative but very high volatility expected today also.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
VOLTAS (500575)	Buy Above	127.75	131.50	135.00
	Sell Below	125.40	121.55	116.00
YES BANK (532648)	Buy Above	137.60	142.25	148.00
	Sell Below	135.20	131.40	127.00
REL POWER (532939)	Buy Above	197.55	202.45	208.00
	Sell Below	194.70	190.20	185.00
IDBI (500116)	Buy Above	112.65	117.05	122.00
	Sell Below	110.35	106.40	101.00
AXIS BANK (532215)	Buy Above	762.75	775.60	790.00
	Sell Below	752.35	739.25	725.00
DCB (532772)	Buy Above	41.75	44.10	47.00
	Sell Below	40.35	38.55	36.00
UNITECH LTD. (507878)	Buy Above	90.05	94.10	98.00
	Sell Below	88.10	85.35	81.00

GOOD LUCK

Intraday Trading Calls for 16th June

Stock Market India may open negative with gap down but some recovery expected from lower levels. A very high volatile trading expected today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
VOLTAS (500575)	Buy Above	122.75	127.20	132.00
	Sell Below	120.10	116.55	112.00
SUN PHARMA ADVANCE (532872)	Buy Above	82.75	86.55	91.00
	Sell Below	81.35	78.15	75.00
REL POWER (532939)	Buy Above	201.80	206.45	212.00
	Sell Below	198.40	192.65	185.00
IDBI (500116)	Buy Above	102.20	106.45	110.00
	Sell Below	99.40	96.35	92.00
IGL (532514)	Buy Above	145.75	150.35	155.00
	Sell Below	143.25	140.10	136.00
FDC (531599)	Buy Above	43.70	46.80	50.00
	Sell Below	42.35	40.10	38.00
UNITECH LTD. (507878)	Buy Above	88.10	92.65	98.00
	Sell Below	86.20	82.45	78.00

GOOD LUCK

Intraday Trading Calls for 15th June

Stock Market India may open flat to negative but recovery expected from lower levels and a positive closing expected.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	160.25	164.75	170.00
	Sell Below	158.15	154.30	150.00
SESA GOA	Buy Above	204.25	209.35	215.00
	Sell Below	201.40	196.45	190.00
REL POWER	Buy Above	194.10	199.20	205.00
	Sell Below	191.40	187.35	183.00
ROLTA INDIA	Buy Above	141.65	146.80	152.00
	Sell Below	139.20	135.45	130.00
IGL	Buy Above	148.60	153.25	158.00
	Sell Below	146.35	142.55	138.00
TATA STEEL	Buy Above	458.75	470.10	485.00
	Sell Below	452.40	440.15	425.00
NAGARJUNA CONSTRUCTION	Buy Above	136.25	141.20	148.00
	Sell Below	134.10	130.05	125.00

Short to Med Term Delivery Buy:

Buy Graphite India (509488) CMP Rs. 43/- Short to Med Term Target Rs. 60/-.

GOOD LUCK

Stock Idea: Noida Toll Bridge

Warren Buffet has stated that toll bridge companies are always a good stock to hold in one’s portfolio as every time a car passes through, the company earns money and be it recession or boom times, people do travel within the city. So toll bridge companies are always assured of returns, as population always goes up and number of cars plying also only goes up.

Noida Toll Bridge is one such company, probably the only listed toll bridge stock on the BSE. The entire bridge was opened up, even the second phase of Mayur Vihar Project on 19th Jan 2008 and since then, the company has been doing well. It ended 31st March 2009 with a 19% rise in net sales at Rs.79.83 crore. Operating and maintenance costs continue to remain high, infact have gone up in FY09 to Rs.3.48 crore from Rs.1 crore in FY08. The staff costs have also gone up from Rs.6.64 crore to Rs.10.31 crore. The company ended the year with a net profit of Rs.33.53 crore, up 20%. The good part is that the company has always managed to have a consistently good profit margin. For FY09, on an average, its OPM was over 74% and NPM was over 39%.

The one big grouse which its shareholders have is that the company has not yet declared a dividend. And replying to that, the company has stated that the company intends to recommend the commencement of payment of dividends once the profitability of the company is established.

The company’s biggest asset is its land bank of 235 acres on either side of the bridge – 200 acres on Delhi side and 35 acres on Noida side, valued at around Rs.1000 crore. The company is awaiting permissions to start development. Once that happens, this land bank will be its milch cow.

Source: www.premiuminvestments.in (S P Tulsian)

Intraday Trading Calls for 12th June

Stock Market India may open positive and remains good positive for the day today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	158.75	163.55	170.00
	Sell Below	156.15	152.55	148.00
SESA GOA	Buy Above	193.60	198.45	205.00
	Sell Below	190.40	185.75	181.00
REL POWER	Buy Above	194.10	199.20	205.00
	Sell Below	191.40	187.35	183.00
ROLTA INDIA	Buy Above	140.55	145.10	150.00
	Sell Below	137.60	132.65	128.00
TATA ELXSI	Buy Above	155.60	161.55	168.00
	Sell Below	152.70	148.40	142.00
TATA STEEL	Buy Above	455.75	465.10	480.00
	Sell Below	448.40	437.55	425.00
GDL (532622)	Buy Above	102.60	107.55	112.00
	Sell Below	99.50	95.60	91.00

Buy Venus Remedies (526953) CMP Rs. 226/- Very Short Term Target Rs. 300/-.

GOOD LUCK