TRADING CALLS FOR 1 OCTOBER

BUY ONGC @ 268 FOR TARGET 278-286 STOPLOSS 264.

BUY DLF @ 130 FOR TARGET 134-136 STOPLOSS 127.

BUY CAIRN INDIA ABOVE 320 FOR TARGET 328-332 STOPLOSS 317.

GOOD LUCK

TRADING CALLS FOR 25 SEPTEMBER

BUY SBIN @ 1650 FOR TARGET 1690-1725 STOPLOSS 1630.

BUY TATAMOTORS @ 338 FOR TARGET 345-348 STOPLOSS 333.

BUY CAIRN INDIA ABOVE 324 FOR TARGET 345-355 STOPLOSS 320.
OR
SELL BELOW 317 FOR TARGET 309-305 STOPLOSS 322.

GOOD LUCK

BHEL secure orders worth over Rs 31,650 crore during FY 2012-13

20 Sep, 2013, 1643 hrs IST, Sarita C Singh, ET Bureau

B P Rao, Chairman and Managing Director, BHEL during a visit to the Hydro, Transformer, Traction and Electrical Machines manufacturing division of BHEL, in Bhopal. (File image)

NEW DELHI: Bharat Heavy Electricals Ltd secured orders worth over Rs 31,650 crore during financial year 2012-13, an increase of 43 per cent over 2011-12.

The orders were received from sectors like captive power, rail transportation, power transmission, oil and gas, renewable energies and other industrial segments, BHEL chairman and managing director B P Rao said on Friday.

"Despite subdued business conditions in the power and infrastructure sectors coupled with intense competition in domestic and overseas markets, BHEL was able to secure orders worth Rs 31,650 crore, an increase of 43 per cent over 2011-12," he said in his speech to shareholders.

The company had an order book of over Rs 22,096 crore in the 2011-12. The total orders in hand for execution are at about Rs 1,15,100 crore, he said. Rao said that the company clocked a turnover of Rs 50,156 crore and a net profit of Rs 6,615 crore in 2012-13.

BHEL commissioned 10,340 mw power plant equipment during 2012-13. and received export orders of Rs 2,004 crore from 20 countries in 2012-13.

BHEL's June quarter update:-

>Orders received during: Rs 1469 crore

>Power sector: Rs 818 crore

>Industry sector: Rs 648 crore

>Orders bagged for supply of boiler package for 4 units of 120-mw from Jindal Power Ltd for thermal projects in Africa.

>Order book as on June 30, 2013: Rs 1,08,600 crore

>82 per cent by power sector

>10 per cent by industry sector

>8 per cent by international operations.

TRADING CALLS FOR 20 SEPTEMBER

BUY ONGC @ 300 FOR TARGET 312-316 STOPLOSS 296.

BUY CAIRN INDIA @ 320 FOR TARGET 332-335 STOPLOSS 316.

BUY ICICI BANK 1000 PUT @ 15 FOR TARGET 35-40 STOPLOSS 7.

GOODLUCK

TRADING CALLS FOR 19 SEPTEMBER

BUY BHEL @ 135 FOR TARGET 146-150 STOPLOSS 130.

BUY CAIRN INDIA @ 320 FOR TARGET 335-338 STOPLOSS 316.

BUY DLF @ 160 FOR TARGET 175-180 STOPLOSS 155.

GOODLUCK

HOLD RPOWER

Ashu Madan of Religare Securities told CNBC-TV18, Reliance Power since last four-five weeks has been trading with a huge volume within Rs 65-70 band, so I think this band should hold, something should come up. The movement it crosses Rs 70-72, it can go to Rs 82 levels but I think one should keep a strict stop loss of Rs 65-66 on the downside to hold this.

He further added, This is a buy also at Rs 72, which is not very far from the current price but it has given a very sideways movement with the big volume. So I feel that probably something is coming up and maybe if it is able to cross Rs 72, we could see some sharp rise in this stock. So one should wait and hold on to this stock with a strict stop loss of Rs 65-64 levels if it convincingly breaks down below that.

TRADING CALLS FOR 18 SEPTEMBER

BUY TATA STEEL 300 CALL @ 6.9 FOR TARGET 12-15 STOPLOSS 4.5

BUY BHEL 140 CALL @ 4 FOR TARGET 7-8 STOPLOSS 2.5.

BUY NTPC @ 140 FOR TARGET 144-146 STOPLOSS 138.

GOODLUCK

TRADING CALLS FOR 13 SEPTEMBER

BUY CAIRN INDIA @ 320 FOR TARGET 328-332 STOPLOSS 316.

BUY TATA MOTORS 310 PUT @ 5.5 FOR TARGET 8-10 STOPLOSS 4.

BUY DISHTV @ 45.25 TARGET 47-48  STOPLOSS 44.

GOODLUCK

Factory output rises by 2.6 pc in July

NEW DELHI: After contracting for two straight months, industrial production entered the positive zone in July, recording a growth of 2.6 per cent on account of improved performance of manufacturing and power sectors.

Factory output measured in terms of the Index of Industrial Production (IIP) had contracted 0.1 per cent in July last year, as per the data released by Central Statistical Organisation today.

Meanwhile, IIP for June was revised upwards to a decline of 1.78 per cent from a provisional 2.2 per cent dip in production. It contracted by 2.8 per cent in May this year.

During April-July this year, factory output contraction remained flat at 0.2 per cent.

The manufacturing sector, which constitutes over 75 per cent of the index, grew by 3 per cent in July compared to zero growth in the month a year earlier. During April-July, the sector saw a decline of 0.2 per cent compared with a contraction of 0.6 per cent in the period last year.

Power generation increased by 5.2 per cent in July as against a growth of 2.8 per cent in same month in 2012. Power generation in the April-July grew 3.9 per cent compared with an expansion of 5.5 per cent in same period last year.

Output of capital goods, a barometer of demand, grew by 15.6 per cent in July compared with a decline of 5.8 per cent in the same month a year earlier. During April-July, capital goods production grew 1.8 per cent compared with a production drop of 16.8 per cent in same period last year.

Meanwhile, the mining output declined 2.3 per cent in July, compared with a dip of 3.5 per cent. In April-July, the sector declined 4 per cent compared with a contraction of 2 per cent in the corresponding period.

Among the 22 industry groups in the manufacturing sector, 11 recorded positive growth in July.

Consumer goods output contracted 0.9 per cent in July, compared with expansion of 0.7 per cent in the same month last year. Production of these goods declined 2 per cent in April-July compared with growth of 3.1 per cent in the same period of 2012.

The decline in output of consumer durables stood at 9.3 per cent in July, from a growth of 0.8 per cent previously. The segment saw a 12 per cent decline in output in April-July compared with growth of 6.1 per cent.

Consumer non-durables output expanded 6.8 per cent in July against a contraction of 0.6 per cent a year earlier. The segment grew 6.8 per cent in April-July compared with growth of 0.6 per cent.

Growth in intermediate goods production was at 2.4 per cent in July as against 0.1 per cent a year ago. For April-July, the segment's expansion was 1.8 per cent compared with 0.6 per cent in the same period a year ago.

Basic goods output grew by 1.7 per cent in July from a growth of one per cent in July 2012. Production of these goods grew by 0.2 per cent in April-July compared with growth of 2.7 per cent a year earlier. 

Source: EconomicTimes.com

TRADING CALLS FOR 12 SEPTEMBER 2013

Buy RPOWER 80 CALL @ 0.75 FOR TARGET 2-2.5/- STOPLOSS 0.20.

BUY HINDALCO @ 115/- FOR TARGET 121-124/- STOPLOSS 112/-.

SELL TATASTEEL @ 315/- FOR TARGET 300-295. STOPLOSS 320.

GOODLUCK

TRADING CALLS FOR JUNE SERIES

BUY NMDC @ 105/- TARGET RS. 125-128 STOP LOSS 102/-

BUY DLF @ 178/- TARGET RS. 188-195/- STOP LOSS 173/-

GOOD LUCK

TRADING CALLS FOR 12 APRIL 2013

BUY USL @ 1870 TARGET 1920-1945 STOPLOSS 1850.

BUY DISHTV 75 CE @ 0.70 TARGET 1.25-1.5 STOPLOSS 0.4.

BUY GMR INFRA @21.25 TARGET 23-24 STOPLOSS 20.6.

TRADING CALLS FOR 19 MARCH

BUY PFC 200 CE @ 3.5 TARGET 6-8 STOPLOSS 2.5.

BUY IRB INFRA 130 CE @ 1.5 TARGET 3-4 STOPLOSS 0.75.

BUY RELIANCE INFRA @ 415 TARGE 428-435-442 STOPLOSS 407.

GOODLUCK

Tech Mahindra/Mahindra Satyam: Buy, add on dips

Tech Mahindra/Mahindra Satyam

Background
Started as Mahindra British Telecom (MBT) in 1986 as a 60-40 Joint Venture (JV) between Mahindra and Mahindra (M&M) and British Telecom (BT), Tech Mahindra focused exclusively on the telecom vertical with BT initially contributing 100% of its revenues. This revenue contribution from BT reduced to 72% at the time of IPO in July 2006. In April 2009, Tech Mahindra acquired 42.7% stake in the then troubled Satyam Computer Services for Rs 3,000 crore by purchasing 502 million equity shares at Rs 58 per share. Tech Mahindra has brought stability into Satyam’s business and since then Satyam has not seen any major client attrition.

Triggers
- Integrating Satyam will enable Tech Mahindra to participate in large deals, offer a strong expertise spread over different verticals and service lines and cross sell its service offerings to a much wider client base and eventually reduce dependence on British Telecom and AT&T.

- Over the last few years, the company has been successful in scaling up its  Non-BT revenues. This has not only helped it offset the decline in BT revenues but also post an overall growth for the company.

- Recent acquisition of 100% stake in Hutchison Global services (sales of USD 170 million expected per year for the next five years) and 51% stake in Comviva (sales of USD 70 million in FY11) by Tech Mahindra would further improve growth and enhance service offerings.

- Acquisition of 51% stake in Complex IT by Mahindra Satyam in Feb 2013 for $23 mm to strengthen Enterprise offerings and expand presence in Brazil.

Concerns
- Legal cases pending against Mahindra Satyam would remain an overhang in the short term.

- Any aggressive ramp down by top client BT would drag down revenue growth.

Valuation & Recommendation
Based on post merger creation of fifth largest entity, sound balance sheet, good execution track record and steady improvement in the operational performance with strong growth & margin expansion, HDFC Securities assigns 11.5xFY14E EPS, which gives them a price target of Rs 1258.9. They feel investors could buy this scrip at current levels and add it on dips in the price band of Rs 986 - 1029 (9-9.4xFY14E EPS) for their price target over the next one to two quarters. Investors who purchase Mahindra Satyam can do so as its share price will move in tandem with that of Tech Mahindra until the final swap (ratio proposed 2:17) takes place. The merger is expected to complete by end of Q4FY13 or early Q1FY14.
Source: valuenotes.com

HDFC Sec Scrip ID	Industry	CMP	Recommended Action	Target	Time Horizon
TECMAHEQNR	IT	Rs 1104.9	Buy at CMP and add on dips to Rs 986 to Rs 1029 band	Rs 1258.9	1-2 quarters
HDFC Sec Scrip ID	Industry	CMP	Recommended Action	Target	Time Horizon
SATCOMEQNR	IT	Rs 129.1	Buy at CMP and add on dips to Rs 114 to Rs 119 band	Rs 148.1	1-2 quarters

TRADING CALLS FOR 13 MARCH

BUY TATA GLOBAL 140CE @ 2 TARGET 4-5.  STOPLOSS 1.

BUY RELIANCE 860 CE @ 14 TARGET 22-25. STOPLOSS 8..

TWEETER

Follow at @sonukalpesh

3 STOCK PICKS FOR SHORT TERM

1. Apollo Tyres

'Buy' in the range of Rs 80-82 for target Rs 95-100 with stop loss Rs 75.

The stock closed at Rs 84.90 on Feb. 14, 2013. It made a 52-week low at Rs 73.75 on June 20, 2012 and 52-week high of Rs 102.45 on Sep. 13, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 67.61.

It made high of 100 levels after which there was marginal fall till its previous support of 80 levels. Last month, it negated the fall in broader index and traded upwards maintaining its strength, which shows it's potential to keep this momentum intact in near term. One can Buy in the range of 80-82 levels with closing below stop loss of 75 for the target of 95-100 levels.

2. Havells India

'Buy' in the range of Rs 685-690 for target Rs 740-750 with stop loss Rs 655.

The stock closed at Rs 695.55 on Feb. 14, 2013. It made a 52-week low at Rs 489.15 on Feb. 23, 2012 and 52-week high of Rs 708.35 on Oct. 17, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 419.35.

After a major rebound, this scrip is moving in an upward channel. Moreover, it is near to its previous highs of 708 level. By looking at the chart, it is clear that it may surpass its highs in coming weeks. One can Buy in the range of 685-690 levels with closing below stop loss of 655 for the target of 740-750 levels.

3. Dabur

'Buy' in the range of Rs 132-134 for the target Rs 145-148 with stop loss Rs 125.

The stock closed at Rs 98.55 on Feb. 14, 2013. It made a 52-week low at Rs 96.25 on Feb. 21, 2012 and 52-week high of Rs 138.90 on Oct. 16, 2012. The 200 days Exponential Moving Average (EMA) of the stock on the weekly chart is currently at Rs 133.65.

Being from FMCG counter, it is known to be a defensive stock in difficult market conditions. It is in uptrend and continued the northward momentum negating the impact of broader index, which is trading in negative zone. One can Buy in the range of 132-134 levels with closing below stop loss of 125 for the target of 145-148 levels.
Source: iris.com

TRADING CALLS FOR 7 FEBRUARY 2013

BUY RELIANCE 900 FEB CALL @ 12 TARGET 24-30 STOPLOSS 8.

BUY BHEL FUT @ 210 TARGET 216-219 STOPLOSS 205.

TRADING CALLS FOR 24 JANUARY

BUY BHEL 240 JAN CALL @ 1.5 TARGET 4-7 (BUY AS MUCH AS U CAN) STOPLOSS 0.75.

BUY CAIRN 340 JAN CALL @ 2.5 TARGET 5-7 STOPLOSS 1.

BUY RPOWER @ 95 TARGET 98-100 STOPLOSS 94.

GOODLUCK

TRADING CALLS FOR 23 JANUARY

BUY RPOWER JAN 100 CALL @1 TARGET 2-3 STOPLOSS. 0.5.

BUY BHARTI AIRTEL @  352 TARGET 358-363 STOPLOSS 349.

BUY DHANLAXMI BANK @ 67 TARGET 70-72 STOPLOSS 65.5.

TRADING CALLS FOR 18 JANUARY

BUY BHEL @ 228 TARGET 240-245 STOPLOSS 223.

BUY KTK BANK @ 175 TARGET 183-187 STOPLOSS 172.

BUY PFC 220 JAN CALL @ 1 TARGET 3-5.

TRADING CALLS FOR 16 JANUARY

BUY TITAN IND. 280 JAN CALL @ 6 TARGET 11-14 STOPLOSS 3.

BUY RELIANCE CAPITAL @ 500 TARGET 525-533-540 STOPLOSS 492.

BUY BHEL FUT @ 230 TARGET 238-243 STOPLOSS 227.

TRADING CALLS FOR 15 JANUARY

BUY INFOSYS JAN 2750 PUT @ 28 TARGET 45-52 STOPLOSS 18.

BUY BHEL JAN 230 CALL @ 6. TARGET 11-14 STOPLOSS 4.

BUY PFC @ 208 TARGET 216-220 STOPLOSS 205.

TRADING CALLS FOR 14TH JANUARY

BUY PFC JAN FUTURE @ 204 TARGET 212-215 STOPLOSS 201.

BUY DLF JAN FUTURE @ 231. TARGET 238-243 STOPLOSS 228.

BUY BHEL @ 228 TARGET. 237-240 STOPLOSS 225.

TRADING STRATEGY FOR 9 TH JANUARY

BUY DLF 240 JAN CALL @ 6 TARGET 10-12 SL 4.

BUY YES BANK JAN FUT @ 502 TARGET 524-530 SL 496.

TRADING CALLS FOR 8TH JANUARY

BUY TATA STEEL 440 JAN CALL @11 TARGET 16-18-20. STOPLOSS 7.

BUY BAJAJ AUTO 2150 JAN PUT @ 30 TARGET 50-60 STOPLOSS 20.

TRADING STRATEGY FOR 7TH JANUARY

BUY TCS JAN 1300 CALL @ 40 TARGET 52-58-65 STOPLOSS 34.

BUY SYNDICATE BANK JAN FUT @136 TARGET 142-145 STOPLOSS 134.

TRADING STRATEGY FOR 3 JANUARY 2013

BUY HINDUSTAN ZINC JAN FUT. @139 TARGET 147-150 STOPLOSS 136.

BUY PFC JAN FUTURE @ 210 TARGET 218-224-230. STOPLOSS 205.

BUY RANBAXY JAN 520 PUT @ 10 TARGET 16-20 STOPLOSS 6.

TRADING STRATEGY FOR 2 JANUARY

BUY DHANLAXMI BANK @ 69 TARGET 73-75 STOPLOSS 67.5.

BUY RENUKA SUGAR 35 JAN CALL @0.5 TARGET 1-1.5-2. STOPLOSS 0.2

SELL HINDUNILIVER JAN FUTURE. AROUND 542-545 TARGET 530-524 STOPLOSS 548.

TRADING STRATEGY FOR 1 JANUARY 2013

BUY HINDALCO JAN FUTURE @131 TARGET 138-143 STOPLOSS 127.

BUY CROMPTON GREAVS @ 116 TARGET 122-125 STOPLOSS 114.

HAPPY NEW YEAR