South Indian Bank (Rs. 104.00) (Code: 532218) :- The bank was started in Kerala decades ago. At present it has network of 500 branches and 210 ATMs. FII has holding of 7 per cent and India funds has holding of 4.5 per cent in the bank. Goldman Sachs has 3.7 per cent and old private sector bank Federal bank has 3.5 per cent stake in the bank. Income of the bank has improved by 27 per cent to Rs. 371.26 crores during first quarter of current FY, which ended in June 2008. Net interest income of the bank has improved by 11 per cent to touch the level of Rs. 102. 78 crores. Operating profit of the company has improved by 69.38 crores. Gross turnover of the bank is around Rs. 423.50 ?????? crores and net profit to be around Rs. 173.19 crores. Bank is likely to register EPS of around 19.2 on the earning. Company has recently announced bonus shares to the share holders at the ratio of 4:1. Investors may include the scrip in their portfolio.
Tuesday, October 7, 2008
Stock Idea: Aegis logistic
Aegis logistic (115.00) (Code : 500003) :- owns and operates one of India’s largest private sector liquid terminal located on a 20-acre plot at Trombay having storage capacity of 165,000 KL. With two other terminals it boasts of having a total capacity of around 290,000 KL. Considering the robust future outlook, it is setting up a third terminal in Trombay with a capacity of nearly 55,000 KL by FY10. On the other hand it also imports, markets and distributes bulk propane, propylene and LPG to a variety of industrial customers in the western region and is one of the largest private sector suppliers in India. Lately company has ventured into lucrative business of marketing and retailing of LPG thru auto gas dispensing stations under the brand name ‘AEGIS
Autogas’. From the present 38 retail outlets across five states, company intends to open 100~150 more such stations in next couple of years. Recently company took over Hindustan Aegis LPG and became the owner of 20,000 MT fully refrigerated LPG terminal. For FY09 it may clock a turnover of Rs 475 cr and profit of Rs 35 cr i.e. EPS of Rs 18 on equity of Rs 19.90 cr. A solid bet.
Autogas’. From the present 38 retail outlets across five states, company intends to open 100~150 more such stations in next couple of years. Recently company took over Hindustan Aegis LPG and became the owner of 20,000 MT fully refrigerated LPG terminal. For FY09 it may clock a turnover of Rs 475 cr and profit of Rs 35 cr i.e. EPS of Rs 18 on equity of Rs 19.90 cr. A solid bet.
Technicals: DCHL, NTPC, KSK, HUL
DCHL CMP: 81.50 DCHL had been knocked down ruthlessly on the back of closure of positions. However, it recently stabilized close to its two-year lows of about 80 levels. The decline in the penultimate week had been on the back of significant volumes, suggesting weakening trend in the stock. The company had recently announced that it has increased its advertisement prices by 50% across segments. The stock is currently trading in the oversold territory of both 14-day RSI and Money Flow Index. This scenario suggests a technical bounce for the stock in the near term. DCHL is currently trading below all its moving averages, which could act as a stiff resistance on its way up. Immediate support is placed around 72 levels, which, if sustained amidst market volatility, could see the stock staging a sharp bounce-back. Investors are advised to assume long positions in the stock between 78 and 82 levels for a short-term target of 100 and 120 levels. All long positions in the stock should be protected with a stop loss placed below 70 levels on a closing basis.
NTPC CMP: 171.85 The stock had been consolidating in the recent past after it held to its Longterm support zone of 150 levels. The confusion over the nuclear deal kept the stock within a broad range in the recent past. However, the nuclear deal crossing the final lap is expected to induce some long-term buying into the stock. The NTPC stock is trading close to its moving averages, which are hovering between 175 and 185 levels, serving as a stiff zone to breach. The 14-day RSI, a leading indicator, is hovering around the oversold territory and could stage a sharp upmove. The stock may not surpass the 185 and 205 levels in a hurry as there is high probability that it may face some amount of pro. t-booking at those levels. Investors may buy the stock around the current levels and partial booking is advised around the 185 levels, above which it could test the 205 levels in the medium term. All long positions in the stock should be protected with a stop loss placed below 155 levels on a closing basis.
KSK CMP: 219.35 KSK had witnessed sharp declines since its debut, but it held and stabilized around the 150 levels and staged a sharp rally. The surges had been on the back of signi. cant volumes, suggesting huge momentum in the stock. The stock has formed higher top, higher bottom formations on the daily chart. The declines in the stock lack volumes, suggesting lower participation on the downsides. The 14-day RSI is already hovering around 60 levels and is due for some declines from current levels due to pro. t-taking. The downsides in the stock are limited to 190 and 200 levels where the stock has its 50-day and 200-day EMA. Investors are advised to accumulate the stock at 210-220 levels for an upside target of 265 and 280 levels in the short term. All long positions should be protected with a stop loss placed below 190 levels on a closing basis.
HUL CMP: 256.70 HUL outperformed the broader market as the stock rallied amidst market declines. The stock made a low of 190 levels in July and surged endlessly. In the most recent sessions, the stock faced stiff resistance near 250 levels, but it crossed and sustained the levels last week which is a strong sign. The rally has guided the stock to trade above all the moving averages which is also a positive sign. The volumes during the declines remained low while the recent bounces from its lows are coupled with increasing volumes, suggesting fresh buying interest and momentum returning into the stock. Immediate support is placed around 235 and 220 levels, which, if sustained amidst market volatility, would make the stock an excellent buy. Investors are advised to assume long positions in the stock above 255 levels for a short-term target of 280 and 295 levels. All long positions in the stock should be protected with a stop loss placed below 235 levels on a closing basis.
Source: Karvy Bazaar Buzz
Intraday Trading Calls for 7th October
Stock Market India may open positive as Sebi remove ban on P-notes, RBI cuts CRR and Crude oil below $88. A good bounce back expected as market is looking highly oversold. A Good Positive closing expected today.
Today's Intraday Trading Calls / Stock Tips: (Keep Appropriate Stop Loss for Each Trade)
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