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.

Stock Idea: GMDC

Gujarat Mineral Development Corporation (GMDC) is a Gujarat State government undertaking engaged in the business of lignite, bauxite and fluorspar mining as also power generation units based on lignite.
The fourth quarter of FY08 had been its best and in comparison, all else pales. Especially the performance for the first quarter ended 30th June 2008. Sequentially, the performance has dropped. Net sales is down 15%, and though it managed to reduce its operating expenses, by 25% which itself is a feat given the rising costs in Q1. Despite that EBITDA dropped 3% and then interest outgo rose 215 and depreciation by 4% and this pushed down the PBT growth by 19%. And then it added back the expenses provided for overburden removal and loading of lignite and this was to the tune of Rs.38.88 crore. This boosted the PAT by 14% at Rs.72.35 crore. The company might have managed to show an increase in the last leg but the profit margins indicate the pressure. OPM slipped down from 55.08% to 48.15% and NPM from 26.53% to 19.75%.

A look at the net sales break-up indicates that there had been a fall overall. Its income from mining fell from Rs.292.45 crore to Rs.239.40 crore. The income from power also fell, from Rs.50.91 crore to Rs.40,52 crore.

YoY, the company has done well and that to a large extent is very reassuring. The company continues to remain on a good wicket, it’s just that Q4FY08 was its best and expecting Q1CY09 to match up or exceed would be unfair, especially with many companies showing a slower growth.

The company is presently producing about 80 lakh MT of lignite at its three mines. New mines have been developed at the various locations at Surat to cater to South Gujarat where estimated annual production would be 10 lakh MT. 10 lakh MT of lignite production at Amod near Bharuch would fully contribute in FY09. 30 lakh tonne of lignite production is estimated from Bhavnagar mines to cater to Saurashtra region and Central Gujarat. So, in FY 09, the production of lignite would rise by about 40%. The company also has 250 MW power plant in operation based on lignite.
Lignite referred to as brown gold, is an alternative for coal, which is in great demand, as natural resources are becoming scarce all over the world. The stock went ex-bonus from 1st September and on 5th September it touched a new low at Rs.192. Currently it is quoted at Rs.195. Stay invested as it remains a fundamentally sound stock.

Source: sptulsian.com

Intraday Trading Calls for 8th August

Indian Stock Market may open gap up and expected a super strong rally & good positive closing today.

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

RPOWER (163)
Buy Above 164.60 Target 168.55, 173.00
Sell Below 162.10 Target 159.25, 155.00
NTPC (173)
Buy Above 174.25 Target 177.75, 182.00
Sell Below 171.80 Target 169.25, 166.00
HCC (97)
Buy Above 98.25 Target 102.25, 106.00
Sell Below 96.10 Target 93.20, 90.00
TATA MOTORS (420)
Buy Above 423.60 Target 429.75, 435.00
Sell Below 418.55 Target 413.05, 407.00
INDIABULLS REALEST (278)
Buy Above 281.25 Target 288.75, 298.00
Sell Below 275.35 Target 268.20, 260.00
SEL MANUFACTURING (249)
Buy Above 252.55 Target 260.05, 268.00
Sell Below 247.60 Target 241.35, 235.00

Others for Intraday: TATA POWER, RELIANCE INFRA, TORRENT POWER, JAIPRAKASH ASSOCIATES, ROLTA INDIA.

Delivery Buy: ORG INFORMATICS (517195) (30) for Short- Med Term Target Rs. 75+

Good Luck

Intraday Trading Calls for 05th September

Indian Stock Market may open gap down due to weak global markets, but it may see some bounce back in mid session.

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

GMDC (206)
Buy Above 207.75 Target 215.45, 224.00
Sell Below 204.20 Target 198.25, 190.00
GUJARAT ALKALIES (150)
Buy Above 151.25 Target 154.45, 158.00
Sell Below 148.60 Target 145.65, 142.00
GUJARAT NRE COKE (100)
Buy Above 101.25 Target 104.05, 108.00
Sell Below 98.50 Target 96.00, 93.00
NTPC (175)
Buy Above 176.40 Target 179.35, 182.00
Sell Below 173.55 Target 170.05, 166.00
RENUKA SUGAR (115)
Buy Above 115.95 Target 118.75, 122.00
Sell Below 113.45 Target 110.20, 106.00
SEL MANUFACTURING (267)
Buy Above 270.05 Target 276.65, 282.00
Sell Below 264.60 Target 258.35, 252.00

Others for Intraday: VAKRANGEE SOFTWARE, BLUE STAR .
Good Luck

Intraday Trading Calls for 04th September

Indian Stock Market may open flat to positive and may see some profit booking and remains in small range today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

GMDC (241)
Buy Above 243.25 Target 248.45, 255.00
Sell Below 239.50 Target 234.25, 228.00
GMR INFRA (105)
Buy Above 105.90 Target 108.45, 111.00
Sell Below 103.90 Target 100.65, 97.00
LANCO INFRA (310)
Buy Above 313.25 Target 318.75, 325.00
Sell Below 307.10 Target 301.70, 294.00
ORBIT CORPORATION (304)
Buy Above 306.65 Target 312.35, 320.00
Sell Below 301.45 Target 295.55, 288.00
CORE PROJECTS (300)
Buy Above 302.55 Target 308.45, 315.00
Sell Below 297.25 Target 292.20, 286.00
YES BANK (141)
Buy Above 142.60 Target 145.65, 149.00
Sell Below 140.10 Target 137.35, 134.00

Others for Intraday: HDIL, ANSAL INFRA, UNITECH, Adhunik Metaliks.

Good Luck

Stock Ideas: Vivimed Labs Ltd., Hitachi Home & Life Solutions (I) Ltd., Graphite India Ltd.

Vivimed Labs Ltd. (Code: 532660) (Rs.73.10) is a speciality chemical manufacturer catering to segments like oral care, sun care, skin care, hair care, natural extracts, preservatives, anti microbial, anti oxidants, anti-aging molecule etc. In fact, it is the world’s second largest manufacturer of Triclosan - an antibacterial used for oral care, and one of the top three companies for Avis – a chemical that improves the ultra-violet (UV) absorbing ability of Sunscreen. Couple of months back, it acquired 100% stake in M/s. James Robinson, UK, which is a global manufacturer and supplier of speciality chemicals used in hair dyes, pharmaceuticals and photographic films/prints to ophthalmic sunglasses. Organically, too, the company has been expanding capacity and has chalked out greenfield expansion plans in Uttarakhand and Hyderabad. Considering its Q1FY09 results and the acquisition of the UK company, Vivimed is estimated to post consolidated sales of more than Rs.225 cr. with net profit of Rs.17 cr. This will lead to an EPS of Rs.18 on its current equity of Rs.9.40 cr. whereas its diluted EPS works out to Rs.13 on its diluted equity of Rs.12.65 cr. Accumulate at declines.
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Hitachi Home & Life Solutions (I) Ltd. (Code: 523398) (Rs.111.70), a 68% subsidiary of Hitachi, Japan, is among the top air-conditioning companies in India with an installed capacity of 250,000 units per year. It manufactures high technological home and commercial air conditioners like window AC, split AC, concealed splits, ductables, chillers and specific telecom cooling solutions. To capitalise its brand equity and strong distribution network in India, the company has also ventured in the business of trading in refrigerators and washing machines. Its plant at Kadi, Gujarat, is among the seven Hitachi room air conditioner facilities worldwide. Being a technology driven company, it has introduced several innovative products such as ACE, IOTA, ATOM Square, Takumi etc., which are doing well in the market. Its refrigerator and washing machines sales are also picking up. On the other hand, its commercial air conditioning division is also on rampant growth mainly due to the retail sector and mall culture expanding in a big way. The trend of BPOs and R&D centres also augurs well for the company. Although its June 2008 quarter results were not that encouraging, still it is expected to end FY09 with sales of Rs.525 cr. With PAT of Rs.42 cr. i.e. an EPS of Rs.18 on its equity of Rs.23 cr. At current levels, this share is trading reasonably cheap and can be bought for a target of Rs.180 in the medium-term.
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Graphite India Ltd. (Code: 509488) (Rs.58.95) is one of the few global players manufacturing graphite electrodes as it is a closely guarded technology. With the present installed capacity of 78,000 tonnes, the company boasts of producing nearly 8% of the total global graphite output. To cater to the rising demand, it is implementing a capex at its Durgapur plant to enhance its graphite electrodes capacity by 10,500 tonnes to be operational by end FY09. Being backward integrated, it has the facility to produce 30,000 MTPA of calcined petroleum coke (CPC) apart from generating 33 MW of power through Hydel and Multi-fuel routes. Further, it is contemplating to enhance its captive power generation by 100 MW in the next two years. Earlier in October 2005, the company raised nearly Rs.175 cr. through the FCCB route, which is yet to be fully converted at Rs.55. Despite being hit by forex losses it posted decent results for Q1FY09 and is estimated to end FY09 with consolidated sales of Rs.1500 cr. with net profit of Rs.155 cr., which works out to an EPS of Rs.9 on its fully diluted equity of Rs.36 cr. with a face value of Rs.2 per share. With a dividend yield of nearly 5%, this is one of the safe picks with a minimal downward risk.
******

Source: Internet (moneytimes)

Intraday Trading Calls for 02nd September

Indian Stock Market may open flat to positive and may see a small but good rally. A Positive closing expected.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

GSS AMERICA INFO (274)
Buy Above 276.75 Target 283.65, 290.00
Sell Below 272.10 Target 267.25, 260.00
NU TEK INDIA (205)
Buy Above 207.60 Target 212.45, 218.00
Sell Below 202.45 Target 196.15, 190.00
GUJARAT NRE COKE (103)
Buy Above 103.85 Target 106.50, 110.00
Sell Below 102.10 Target 100.00, 97.00
NEYVELI LIGNITE (114)
Buy Above 115.30 Target 118.35, 122.00
Sell Below 112.45 Target 109.55, 106.00
SINTEX INDUSTRIES (328)
Buy Above 331.20 Target 336.45, 342.00
Sell Below 326.25 Target 321.20, 315.00
RENUKA SUGAR (116)
Buy Above 117.40 Target 120.65, 124.00
Sell Below 114.70 Target 111.65, 108.00

Others for Intraday: HPCL, BPCL, IOC, GAIL INDIA.

Good Luck