Intraday Trading Calls for 31st October

Indian Stock Market may open positive and remains positive with high volatility throughout the day today.

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

BARTRONICS INDIA (90)

Buy Above 91.60 Target 96.75, 105.00

Sell Below 88.20 Target 83.10, 78.00

RPOWER (98)

Buy Above 99.50 Target 104.25, 108.00

Sell Below 96.60 Target 92.50, 88.00

SATYAM COMPUTER (283)

Buy Above 285.70 Target 292.40, 300.00

Sell Below 281.10 Target 276.25, 270.00

SESA GOA (79)

Buy Above 80.80 Target 85.25, 90.00

Sell Below 77.65 Target 74.50, 70.00

HDIL (149)

Buy Above 150.60 Target 154.75, 160.00

Sell Below 147.40 Target 144.15, 140.00

EVERONN SYSTEMS (157)

Buy Above 158.75 Target 163.35, 170.00

Sell Below 155.25 Target 151.10, 146.00

Others: GTC, Andhra Petro, Videocon Industries.

GOOD LUCK.

Stock Idea: GMR INFRASTRUCTURE

GMR Infrastructure posted a drop in its PAT for the second quarter ended 30th September 2008 on account of MTM forex losses. The stock has been hammered down relentlessly, yet, the long term growth story remains intact.
For Q2FY09, on a YoY, net sales was up 114.21% from Rs. 395.31 crore to Rs. 846.81 crore. EBITDA rose 58.72% from Rs. 155.71 crore to Rs. 247.14 crore. PAT (before notional forex losses) increased by 135.53% from Rs. 44.80 crore to Rs. 105.52 crore while PAT (after notional forex losses) declined by 6.05% from Rs. 49.58 crore to Rs. 46.58 crore.

The MTM forex loss was to the tune of Rs. 58.94 crore for the quarter, accounted mostly by two of the company’s subsidiaries - Vemagiri Power Generation Limited (VPGL) and GMR Hyderabad International Airport Limited (GHIAL), on the foreign currency project loans borrowed by them. The company has assured that these losses are notional and should the situation arise, these two subsidiaries have adequate dollar revenues to provide natural hedge for the currency fluctuations that may arise with respect to interest and principal payments/repayments. But for this forex loss, which is not an isolated phenomenon with GMR, the company had a very good growth story, a rise of over 100% in PAT despite the circumstances is commendable.

The company used the current global crisis in its favour and managed to renegotiate its acquisition cost of Intergen NV, thus reducing the cost by US$162 million. The Hyderabad Airport has started collecting User Development Fee (UDF) from domestic passengers from last week of August ’08 after getting the necessary approvals from Ministry of Civil Aviation. With this, Hyderabad Airport has also started realising all its revenue streams. The company soft launched its 308 room hotel at Hyderabad Airport. GMR also commissioned the cargo terminal at the Sabiha Gokcen International Airport (SGIA), Turkey, which it is re-building and will have a new passenger terminal by October 2009.
GMR continues to remain a very strong company. It is facing a selling pressure on the bourses, which is in concurrence with the ongoing slaughter by investors on realty and infra companies. At the current rates, GMR is an excellent long term buy. Stay invested, there is no need to panic, it’s long term growth story remains intact.

Source: sptulsian.com

Intraday Trading Calls for 29th October

Indian Stock Market may open positive and remains positive with high volatility throughout the day today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

RANBAXY (191)
Buy Above 193.60 Target 197.80, 205.00
Sell Below 189.50 Target 185.10, 180.00
INDIABULLS REALEST (119)
Buy Above 121.20 Target 125.10, 130.00
Sell Below 117.40 Target 113.20, 108.00
SATYAM COMPUTER (300)
Buy Above 302.70 Target 308.40, 315.00
Sell Below 297.20 Target 293.05, 288.00
CAIRN INDIA (109)
Buy Above 110.60 Target 115.05, 120.00
Sell Below 107.45 Target 103.50, 98.00
HDIL (142)
Buy Above 143.80 Target 148.35, 154.00
Sell Below 140.05 Target 136.15, 132.00
PUNJ LLOYD (173)
Buy Above 174.80 Target 179.55, 185.00
Sell Below 171.25 Target 167.10, 162.00

Others: GTC, Andhra Petro, Videocon Industries.

GOOD LUCK & A VERY HAPPY NEW YEAR.

Stock Ideas for 28th October (DIWALI)

Indian Stock Market may open Flat to positive and remains positive.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

BANK OF BARODA (228)
YES BANK (60)
GODREJ INDUSTRIES (72)
HDIL (136)
SATYAM COMPUTER (287)

MED TO LONG TERM DELIVERY BUY:
Buy Videocon Industries (511389) CMP Rs. 100/- for Med to Long term for 100% gain.
Buy Andhra Petro (500012) CMP Rs. 10/- For Med to Long Term Target Rs. 35+.
Buy Ansal Buildwell (523007) CMP Rs. 16/- For Med to Long Term Target Rs. 60+.
Buy Golden Tobacco Ltd (500151) CMP Rs. 50/- For Med to Long Term Target Rs. 150-200.

Good Luck

Intraday Trading Calls for 27th October

Indian Stock Market may open Flat to positive and remains the same with high volatility throughout the day today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

BANK OF BARODA (245)
Buy Above 247.60 Target 254.50, 265.00
Sell Below 242.40 Target 238.15, 232.00
WIPRO (235)
Buy Above 237.80 Target 243.15, 250.00
Sell Below 233.05 Target 229.10, 225.00
SATYAM COMPUTER (287)
Buy Above 289.20 Target 295.40, 305.00
Sell Below 284.40 Target 280.05, 275.00

TECH MAHINDRA (336)
Buy Above 338.60 Target 345.35, 355.00
Sell Below 333.20 Target 328.40, 320.00
HDIL (137)
Buy Above 138.55 Target 142.35, 148.00
Sell Below 135.20 Target 131.15, 124.00
RCOM (193)
Buy Above 195.65 Target 201.55, 210.00
Sell Below 191.45 Target 187.10, 182.00

Buy Videocon Industries (511389) CMP Rs. 115/- for Med to Long term for 100% gain.

Good Luck

Stock Idea: Sunil Hitech Ltd.

Sunil Hitech Ltd. (Code: 532711) (Rs.65.45) is engaged in the niche segment of fabrication, erection & testing and commissioning of bunkers, ESPs, boilers, TG sets in the power plants both in the private & public sectors. With a client list spanning BHEL, NTPC, Reliance Energy, Jindal Steel and Power, the SEBs of Maharashtra, Chhattisgarh and Madhya Pradesh, Sunil Hitech is also engaged in the overhaul and maintenance of plants to ensure proper functioning. The company also undertakes projects in the transmission and distribution segments. As of today, it has an all time high order book position of more than Rs.1300 cr., which is 4 times its FY08 turnover. Incidentally, the company has an under leveraged balance sheet with a low debt:equity ratio of 0.6 and can raise more debt comfortably. Despite the higher interest cost, it may end FY09 with a topline of Rs.500 cr. with PAT of Rs.20 cr. on a conservative basis. This translates into an EPS of Rs.16 on its current equity of Rs.12.30 cr. Secondly, it has huge reserves of Rs.145 cr. on its small equity leading to a healthy book value of Rs.128. Against the net current assets of Rs.120 cr., the stock is available at a market cap of less than Rs.100 cr., making it a steal.

Source: Moneytimes (internet)

Stock Idea: Aban Offshore Ltd.

Aban Offshore Ltd. (Code: 523204) (Rs.750.10) is engaged in providing oil field services for offshore exploration and production of hydrocarbons in India and abroad. With 21 offshore assets, it is among the top ten offshore drilling asset owners in the world. It possesses fifteen jack-up offshore drilling rigs, three drill ships, one floating production platform and a jack-up rig & drill ship each on bare boat charter. It is among the few global companies to facilitate oil exploration at water depths ranging from 250 ft to 7000 ft and drilling depths ranging between 20,000 ft and 30,000 ft. Having its footprint globally across 10 nations, the company boasts of serving leading global and domestic E&P companies such as ONGC, Shell Brunei, Shell Malaysia, Cairn Energy, Petronas Carigali, Exxon Mobil, Chevron, Hardy Exploration, Oriental Oil Dubai, ROC Oil China, and GSPC to name a few. Due to new vessel deployment and higher charter rate, it may clock a consolidated turnover of Rs.3250 cr. with NP of Rs.500 cr. This will translate into an EPS of Rs.129 cr. on its diluted equity of Rs.7.75 cr. Meanwhile due to likely distress selling by FIIs, its share price of company has tumbled down to Rs.1000 level from a high of Rs.5500 in January 2008. Hence the currently scrip is trading at a P/E multiple of merely 8, which is grossly cheap for a company of such calibre. Keep accumulating at sharp declines.

Source: Moneytimes (Internet)