Intraday trading Calls for 13th August

Indian Stock Market may open Nagetive as all global markets trading lower. Crude Oil at $113. Stock market India will remain in range and good recovery expected from lower levels at mid session.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

CHAMBAL FERTILIZER (86)
Buy Above 86.60 Target 88.45, 91.00
Sell Below 84.90 Target 83.05, 81.00
SATYAM COMPUTER (402)
Buy Above 404.70 Target 410.25, 416.05
Sell Below 398.50 Target 392.45, 385
WIPRO LTD. (433)
Buy Above 435.60 Target 441.65, 447.00
Sell Below 430.00 Target 425.05, 418.00
CORE PROJECTS (229)
Buy Above 231.00 Target 236.25, 242.00
Sell Below 227.20 Target 222.35, 216.0
SELMCL (404)
Buy Above 408.50 Target 418.00, 430.00
Sell Below 400.00 Target 392.20, 380.00
GMR INFRA (110.5)
Buy Above 111.20 Target 113.55, 116.00
Sell Below 109.10 Target 107.05, 104.00

Others for Intraday: INFOSYS, HCL TECH, TECH MAHINDRA, NIIT TECH, SASKEN COMMUNICATION, 3I INFOTECH, PRITHVI INFORMATION.

Short- Med Term Delivery Buy Ramsarup Industries 532690 (121) Target 175+

Good Luck

Intraday Trading Calls for 12th August

Indian Stock Market may open flat to positive. Some Profit booking expected today. But Crude Oil at $113 so market will remain in range and recovers later. A flat to positive closing expected.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

ADHUNIK METALIKS (120)

Buy Above 121.45 Target 125.60, 130.00

Sell Below 118.50 Target 115.00, 112.

LANCO INFRA (352)

Buy Above 355.30 Target 361.25, 368.05

Sell Below 348.40 Target 342.25, 335

DCB (58)

Buy Above 59.60 Target 62.55, 65.00

Sell Below 57.20 Target 55.05, 53.00

RCOM (454)

Buy Above 456.70 Target 463.05, 470.00

Sell Below 451.20 Target 445.35, 438.0

SELMCL (401)

Buy Above 405.20 Target 415.00, 425.00

Sell Below 396.40 Target 386.10, 375

GMR INFRA (106.5)

Buy Above 107.65 Target 110.50, 114.00

Sell Below 105.40 Target 102.70, 100.00

Others for Intraday: Pratibha Industries, Praj Industries, HCC, WS Industries

Short- Med Term Delivery Buy Sunil HiTech Engineers Ltd. 532711 (202) Target 275+
Short Term Delivery Buy Adhunik Metaliks 532727 (120) Target 155+.

Good Luck

Intraday Trading Calls for 11th August

Indian Stock Market may open gap up as all global markets trading higher and US Markets closed higher and Crude Oil at $116. A strong rally and good positive closing expected today.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

ADHUNIK METALIKS (120)
Buy Above 121.45 Target 125.60, 130.00
Sell Below 118.50 Target 115.00, 112.
GUJARAT NRE COKE (105)
Buy Above 106.30 Target 109.25, 113.05
Sell Below 103.50 Target 100.05, 96.00

BANK OF BARODA (286)
Buy Above 288.60 Target 294.85, 300.00
Sell Below 283.70 Target 278.05, 272.00
YES BANK (138)
Buy Above 140.10 Target 143.95, 148.00
Sell Below 136.60 Target 133.35, 129.50
VOLTAS (137)
Buy Above 138.70 Target 142.55, 146.00
Sell Below 135.40 Target 132.10, 129
GMR INFRA (101.5)
Buy Above 102.25 Target 105.65, 109.00
Sell Below 100.00 Target 97.45, 94.00

Others for Intraday: RPL, RNRL, RCOM, REL, RPOWER.

Short Term Delivery Buy Adhunik Metaliks 532727 (120) Target 155+.

Good Luck

Stock Idea: Micro Technologies, Ramsarup Industries Ltd

Once again Micro Technologies (India) Ltd. (Code: 532494) (Rs.230) has announced excellent results for Q1FY09. Total revenue as well as net profit shot up by 65% to Rs.58 cr. and Rs.17.50 cr. respectively recording an EPS of Rs.16 in this single quarter itself. For FY08, it had recorded an EPS of Rs.48 with net profit of Rs.53 cr. on its total revenue of Rs.171 cr. The company is a global provider of security, safety and life-support solutions with the first of its kind and innovative products for security of home, office, shop, vehicle, laptop, mobile etc. It also has a business agreement with MTNL as well as Airtel to offer Lost Mobile Tracking System to their customers. Few weeks ago, it introduced a GPS based product called ‘Buddy Tracking System’ to know the real time location of users. Given the current share market condition, the company has again reduced the FCCB conversion price by 18% from Rs.304 to Rs.250. Although this indicates that both bondholders and the company are interested in conversion, not redemption, this will lead to further equity dilution by 45 lakh shares. For FY09, it is expected to report a topline of Rs.250 cr. with bottomline of Rs.70 cr. i.e. an EPS of Rs.54 on its fully diluted equity of Rs.13 cr. Even at modest discounting by 8 times, the share price has the potential to hit a new high of above Rs.400 in 12-15 months.

Recently, Ramsarup Industries Ltd. (Code: 532690) (Rs.122) has come out with decent Q1FY09 results while sales grew by 10% to Rs.383 cr., net profit increased by 25% to Rs.15.80 cr. on the back of better operating margins. The company manufactures a variety of steel wires (mainly used by the power industry) and TMT Bars. To cater to the rising demand, the company is expanding its total wire manufacturing capacities from 233,000 tonnes to 600,000 tonnes including the production of Low Relaxation Pre-stressed Concrete (LRPC) wires over the next two years. It has acquired 60 acres of land in West Bengal and the major plant and machinery are being imported from Italy. And to access cheaper and regular raw material supplies, the company took over Balasore Minerals Co., which has iron ore, limestone and dolomite mines located in neighbouring Orissa. But importantly, the company is merging its group company called ‘Ramsarup Loha Udyog’, which is emerging as an integrated steel producer with captive production of sponge iron, pig iron, billets, power etc. As no official figures are available for the group company, on a standalone basis the company is expected to clock a turnover of Rs.1750 cr. with PAT of Rs.65 cr. for FY09. This translates into an EPS of Rs.37 on its current equity of Rs.17.50 cr. Post merger, its equity is expected to get diluted to about Rs. 35 cr.

Source: Internet

Stock Idea: Usha Martin

PINC Research has maintained its buy rating on Usha Martin with a 12-month target price of Rs 135 in its August 8, 2008 research report. "Usha Martin Ltd. (UML) reported net sales of Rs 7 billion for Q1FY09, a YoY growth of 39% driven by sales volumes of value added products and overall buoyancy in realisations. The above factors also led to a 323bps expansion of OPM, as the company could sustain raw material cost advantage through its captive iron ore mines. Operating profit consequently rose to 1.5 billion (+62%). Net profits grew 73% to Rs 651 million."
"The stock trades at a P/E 6.2x, which we believe does not factor in the volume growth and the upcoming backward integration. We remain positive on the stock and reiterate our ‘BUY’ recommendation with a 12-month price target of Rs 135," says PINC's research report.

Investment Ideas: Great Offshore, Indoco Remedies, JSW Steel

Emkay Global Financial Services has maintained its buy rating on Great Offshore with a target price of Rs 710 in its August 4, 2008 research report. "Great Offshore’s (GOFF) Q1FY2009 pre-exceptional net profit at Rs 356 million is below our expectation primarily because of lower revenue continuation from high margin offshore segment and higher than expected repairs & maintenance cost for the quarter."
"We are not changing our earnings estimates for GOFF. The company has announced that it has called of its intention to acquire majority stake in Seadragon Offshore. Hence is absence of any near term upside from acqusition we are downgrading price target of GOFF to Rs 710. We have valued GOFF at 8X its FY2010 earnings of Rs 66 and added FY2010 estimated cash per share of Rs 180 on its book. Stock currently trades attractive valuations of 6.3X its FY2010 earnings and 3.74 X EV/EBIDTA. Maintain BUY," says Emkay Global Financial Services' research report.

Angel Broking has maintained its buy rating on Indoco Remedies with a revised 15-month target price of Rs 400 in its July 31, 2008 research report. "For 1QFY2009, the company posted Net Sales of Rs 109.5 crore (Rs 100.3 crore), a yoy growth of 9.1%. Growth during the period was mainly aided by Exports, which grew 16.1% and contributed 22.1% (20.8%) of overall sales. The company’s Domestic business, on the other hand, posted a yoy growth of 8.6% during the period, with Domestic Formulations registering a growth of 8.7%. Overall, the company ended with Profits of Rs 24.6 crore (Rs 22.1 crore)."
"At the CMP, the stock is trading at 6.1x FY2009E and 5.3x FY2010E Earnings, which we believe is attractive. Going ahead, we expect Topline to clock a CAGR of 15% over FY2007-10E primarily led by Exports. The growth in Exports would be on the back of better contribution from the Regulated markets to 22% of Sales during FY2010E (17% of Sales during FY2008) registering a CAGR of 36% over FY2007-10E. We have pruned our FY2009 and FY2010 estimates by 9.8% and 9.9%, respectively. We maintain a Buy on the stock, with a revised 15-month Target Price of Rs 400 (460)," says Angel's research report.

Emkay Global Financial Services Ltd has recommended buy rating on JSW Steel, with price target of Rs 1380, in its report dated 4th August, 2008.
“JSW Steel reported 1QFY09 results, which are significantly ahead of our estimates. Net sales stood at Rs 44.56 billion (yoy up 85.9%, qoq down 9.3%), EBITDA stood at Rs 8.15 billion. However, this includes forex loss of Rs 3.67 billion of which Rs 2.29 billion is on capital account translational loss. Adjusting for the notional Fx loss (including the impact on deferred tax on the same) EBITDA stood at Rs 10.4 billion (yoy up 46.5%, qoq down 1.5%) and APAT stood at Rs 4 billion (yoy up 35.7%, qoq up 30.1%). JSW reported Adjusted FDEPS of Rs 20. We believe a large part of this performance is attributable to the exports where we believe the realization is significantly higher as compared to the domestic markets. At CMP of Rs 797, the stock is trading at 8.6x FY09 and 5.7x our FY10 FDEPS estimate of Rs 93 and Rs 138 respectively. On EV/EBITDA, the stock currently trades at 5.7x and 4.3x FY09 and FY10 estimates. We maintain BUY on the stock with target price of Rs 1,380 which is 10x our FY10E consolidated FDEPS”.

Stock Idea: Kanoria Chemicals

Kanoria Chemicals is a leading maker of chemical intermediates of India. But its performance for the first quarter ended 30th June 2008 has not been too encouraging. Rising costs and exchange loss have dented the profit margins.
YoY, the company’s sales revenue was up 19% at Rs.126 crore. Operating expenses rose 17% and consequently, EBIDTA was down marginally by 1.75% at Rs.26.36 crore. PBT fell down further by 37% at Rs.7.68 crore. OPM was down from 25.39% to 20.92%.
The company suffered an exceptional MTM loss of Rs.6.24 crore on the various FCCB related transactions and this pulled down the PAT, which was down 45% at Rs.5.68 crore. NPM thus declined sharply from 9.72% to 4.51%. In Q1FY08, the company had an exceptional gain of Rs.6.74 crore on its forex transactions.
The company recently commissioned Chlorinated Paraffin project with an installed capacity of 11,500 TPA. It recently completed the acquisition of land, around 30 acres, for its greenfield project in Vizag to manufacture pentaerythritol. The new unit will have an annual capacity of 10,000 tonnes, with an estimated capex of Rs 175-200 crore, to be spread over two years. This unit is expected to go on stream by March 2010. It already has one more pentaerythritol unit in Ankleshwar, Gujarat.
Kanoria Chemicals also has a caustic soda manufacturing facility at Renukoot and it recently commissioned the expanded capacity from 90,00 to 130,000 tonnes per year. IFC, the private arm of the World Bank Group, has invested up to $20 million in the company, to fund the expansion.
The company expects to end the current fiscal on a high note as it expects higher growth due to the expanded capacity also going online. The price of caustic soda has been on the rise and if the company manages to bring down the costs, then it may be able to reap better gains. Stay invested.

Source: sptulsian.com