Indian Stock Market may open flat to Positive and a small recovery expected today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
STERLITE INDUSTRIES (217)
Buy Above 219.80 Target 225.45, 232.00
Sell Below 215.20 Target 210.35, 205.00
INDIABULLS REALEST (98)
Buy Above 100.00 Target 104.75, 110.00
Sell Below 97.10 Target 94.45, 90.00
RANBAXY (212)
Buy Above 214.65 Target 220.15, 225.00
Sell Below 209.45 Target 205.20, 200.00
NTPC (139)
Buy Above 140.50 Target 143.70, 148.00
Sell Below 137.60 Target 134.20, 130.00
PUNJ LLOYD (161)
Buy Above 162.75 Target 168.15, 175.00
Sell Below 159.40 Target 155.40, 150.00
BANK OF INDIA (250)
Buy Above 252.60 Target 258.35, 265.00
Sell Below 247.55 Target 242.25, 235.00
GOOD LUCK.
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Intraday Trading Calls for 18th November
Indian Stock Market may open Nagetive but a smart recovery expected from lower levels and a flat to positive closing expected.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
HPCL (224)
Buy Above 225.80 Target 230.55, 235.00
Sell Below 222.15 Target 218.25, 212.00
INDIABULLS REALEST (101)
Buy Above 102.50 Target 106.40, 112.00
Sell Below 99.40 Target 96.45, 92.00
HDIL (112)
Buy Above 113.65 Target 118.20, 125.00
Sell Below 110.15 Target 106.40, 100.00
ROLTA INDIA (175)
Buy Above 176.45 Target 180.30, 185.00
Sell Below 173.10 Target 170.10, 165.00
NALCO (184)
Buy Above 186.20 Target 190.75, 196.00
Sell Below 181.70 Target 176.50, 172.00
BANK OF BARODA (271)
Buy Above 273.80 Target 280.35, 290.00
Sell Below 269.15 Target 265.10, 260.00
GOOD LUCK.
Monday, November 17, 2008
Stock Idea: Gujarat NRE Coke
As expected, Gujarat NRE Coke, country’s largest independent producer of met coke posted a very performance for the second quarter ended 30th September 2008. The second quarter continues to reflect the boom it had in the prices of coke and coal but the coming months would not start reflecting the fall in their prices.
For Q2FY09, total Income has shown a jump of 4.86 times from Rs.102.07 crores to Rs.496.05 crores, resulting in a surge of 8.19 times in the Net Profit, from Rs.12.55 crores to Rs.102.75 crores. This performance has been a foregone conclusion but what is important now is the coming months.
Like the fall in prices in almost all commodities, right across the board, coke prices have also seen a meltdown. With demand from steel and power units coming down, and globally also prices coming down, realizations for the company too have gone down. Coke prices have gone down by 21% from $700 a tonne in July-August to $500 levels now. And the fall in prices is expected to continue. This means that in the coming months, margins will come pressure and the earnings it has posted for Q2 would remain as history.
The stock price went ex-bonus from 17th October and is currently at levels of Rs.30. The market is discounting the pressure on margins which the company is bound to face in the coming months. But that apart, which is today not an isolated case with just Gujarat NRE but a reality with all companies, all across the globe, the company remains sound. There have been some concerns about the management but these do not hold much truth, its just a perception which simply cannot be corrected. Infact the promoters have hiked their holding in the company by 4.8% through creeping acquisition route during April-October 2008 and it now stands increased at over 45%. It is also going ahead with its plans for the rights issue with differential voting rights (DVR) to the existing shareholders of the company in the ratio of 1 DVR share for 450 existing equity shares at a price of Rs 1,000 per DVR share.
The biggest positive in favour of the company is its sheer size and its operations in Australia. The company’s present coke production capacity of 1.006 million tonne is being expanded in a phased manner to 1.254 million tonne and 2.254 million by 31st March 2009 and 31st December 2010. It is also the only company owning and operating coking coal mines in Australia and both mines are now in production. During the current fiscal the ROM coking coal production from its two mines is expected to be in excess of 1million tonne and brownfield developments are underway to ramp up the production to beyond 7 million tones by 2012/13.
The long term outlook remains positive. Earnings are bound to take a hit as realizations have come down. But if one looks beyond H2, things look good at the current rate.
For Q2FY09, total Income has shown a jump of 4.86 times from Rs.102.07 crores to Rs.496.05 crores, resulting in a surge of 8.19 times in the Net Profit, from Rs.12.55 crores to Rs.102.75 crores. This performance has been a foregone conclusion but what is important now is the coming months.
Like the fall in prices in almost all commodities, right across the board, coke prices have also seen a meltdown. With demand from steel and power units coming down, and globally also prices coming down, realizations for the company too have gone down. Coke prices have gone down by 21% from $700 a tonne in July-August to $500 levels now. And the fall in prices is expected to continue. This means that in the coming months, margins will come pressure and the earnings it has posted for Q2 would remain as history.
The stock price went ex-bonus from 17th October and is currently at levels of Rs.30. The market is discounting the pressure on margins which the company is bound to face in the coming months. But that apart, which is today not an isolated case with just Gujarat NRE but a reality with all companies, all across the globe, the company remains sound. There have been some concerns about the management but these do not hold much truth, its just a perception which simply cannot be corrected. Infact the promoters have hiked their holding in the company by 4.8% through creeping acquisition route during April-October 2008 and it now stands increased at over 45%. It is also going ahead with its plans for the rights issue with differential voting rights (DVR) to the existing shareholders of the company in the ratio of 1 DVR share for 450 existing equity shares at a price of Rs 1,000 per DVR share.
The biggest positive in favour of the company is its sheer size and its operations in Australia. The company’s present coke production capacity of 1.006 million tonne is being expanded in a phased manner to 1.254 million tonne and 2.254 million by 31st March 2009 and 31st December 2010. It is also the only company owning and operating coking coal mines in Australia and both mines are now in production. During the current fiscal the ROM coking coal production from its two mines is expected to be in excess of 1million tonne and brownfield developments are underway to ramp up the production to beyond 7 million tones by 2012/13.
The long term outlook remains positive. Earnings are bound to take a hit as realizations have come down. But if one looks beyond H2, things look good at the current rate.
Source: sptulsian.com
Intraday Trading Calls for 17th November
Indian Stock Market may open Positive with gap up and a good positive closing expected today. Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
IVRCL INFRA (115)
Buy Above 116.70 Target 122.40, 128.00
Sell Below 113.35 Target 109.55, 105.00
PUNJ LLOYED (182)
Buy Above 184.20 Target 189.55, 195.00
Sell Below 180.20 Target 176.45, 172.00
ICICI BANK (395)
Buy Above 398.55 Target 405.40, 415.00
Sell Below 392.15 Target 386.20, 380.00
SATYAM COMPUTER (261)
Buy Above 263.50 Target 268.45, 275.00
Sell Below 259.40 Target 255.20, 250.00
RELIANCE POWER (108)
Buy Above 109.60 Target 112.70, 117.00
Sell Below 106.40 Target 103.35, 100.00
BANK OF BARODA (276)
Buy Above 278.85 Target 285.35, 292.00
Sell Below 274.35 Target 269.10, 263.00
Multibagger: Ankur Drugs & Pharma (531683) CMP Rs. 117/- One Year Target Rs. 300+ GOOD LUCK.
IVRCL INFRA (115)
Buy Above 116.70 Target 122.40, 128.00
Sell Below 113.35 Target 109.55, 105.00
PUNJ LLOYED (182)
Buy Above 184.20 Target 189.55, 195.00
Sell Below 180.20 Target 176.45, 172.00
ICICI BANK (395)
Buy Above 398.55 Target 405.40, 415.00
Sell Below 392.15 Target 386.20, 380.00
SATYAM COMPUTER (261)
Buy Above 263.50 Target 268.45, 275.00
Sell Below 259.40 Target 255.20, 250.00
RELIANCE POWER (108)
Buy Above 109.60 Target 112.70, 117.00
Sell Below 106.40 Target 103.35, 100.00
BANK OF BARODA (276)
Buy Above 278.85 Target 285.35, 292.00
Sell Below 274.35 Target 269.10, 263.00
Multibagger: Ankur Drugs & Pharma (531683) CMP Rs. 117/- One Year Target Rs. 300+ GOOD LUCK.
Friday, November 14, 2008
Intraday Trading Calls for 14th November
Indian Stock Market may open Positive with gap up as there are so many good news for Stock Market India: 1. Lower Inflation Rate 2. Lower Crude Oil 3. Better than expected IIP Numbers 4. Global Markets trading higher. So There is about 1000 points gain expected in sensex today.
Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):
TATA STEEL (185)
Buy Above 187.70 Target 192.55, 200.00
Sell Below 183.15 Target 179.55, 175.00
INDIABULLS REALEST (112)
Buy Above 113.80 Target 118.75, 125.00
Sell Below 110.20 Target 107.45, 102.00
HDIL (108)
Buy Above 110.25 Target 115.80, 122.00
Sell Below 107.15 Target 104.20, 100.00
ROLTA INDIA (170)
Buy Above 172.50 Target 178.30, 185.00
Sell Below 168.40 Target 164.70, 160.00
PUNJ LLOYD (192)
Buy Above 194.40 Target 200.15, 210.00
Sell Below 190.40 Target 186.40, 182.00
BANK OF BARODA (282)
Buy Above 284.75 Target 291.35, 300.00
Sell Below 279.15 Target 275.10, 270.00
Multibagger: Ankur Drugs & Pharma (531683) CMP Rs. 120/- One Year Target Rs. 300+ GOOD LUCK.
Thursday, November 13, 2008
Multibagger: XL Telecom & Energy Ltd.
XL Telecom & Energy Ltd. (XLTEL) (Code: 532788) (Rs.68.90) has produced excellent Q1FY09 (June – September 2008) results posting 150% higher net profit of Rs.15 cr.
Incorporated in 1985, XLTEL, formerly XL Telecom, is a Hyderabad based company that operates through two divisions: Telecom and Energy. In December 2006, it came out with an IPO of 39,50,000 shares of Rs.10 each at Rs150 per share aggregating Rs.59 cr. for expansion.Its manufacturing facilities at Hyderabad in Andhra Pradesh and Nanded in Maharashtra have annual installed capacities of 500,000 units of cable jointing kits, 2,880 of SMPS plants, 65 MW solar modules, 3 million CDMA phones, and 150,000 litres of ethanol per day. XLTEL used to derive almost 80% sales from Telecom products and the balance 20% from its Energy Division, which comprises two segments – Ethanol and Solar Photovoltaic Systems (SPV). This has drastically come down to just 1.5% from 44% in FY08 (June-end) due to high margin concentration in the energy business.
XLTEL has set up a 120 MW solar photovoltaic cell manufacturing plant in the Rajiv Gandhi Nano Technology Park SEZ at a cost of Rs.360 cr., which is scheduled to commence its operations soon. It recently raised $40 million (Rs.160 cr.) through a FCCB issue to part fund the above project. The FCCBs are convertible after one year but before 5 years post issue. The balance funding of Rs.200 cr. is being financed by a Term Loan from IDBI at 11% p.a.
It has a 3-year exclusive distribution agreement with Forta Im Ex SL, Italy to deliver a minimum of 3 MW solar modules per annum to Europe and collaborations with Alfa Laval, Axesstel, Corning and Kyocera Wireless. During FY08 (June end), XLTEL posted 24% higher sales of Rs.650 cr. and earned 99% higher net profit of Rs.40 cr. yielding an EPS of Rs.21.4.
During Q1FY09, sales have further gone up by 70% to Rs.257 cr. and net profit up by 150% to Rs.15 cr. This net profit of Rs.15 cr. is arrived at after the notional provision of Rs.5.5 cr. towards foreign exchange fluctuation. The company’s equity capital is Rs.18.8 cr. and with reserves of Rs.269 cr., the book value of its share works out to Rs.154. The promoters hold 61% in the equity capital, foreign holding is 29.4%, institutions hold 4.4%, PCBs hold 1.5% leaving 3.7% with the investing public.
XLTEL is looking at establishing series of Solar Farms in Italy, southern France and other European countries generating about 300 MW over 3 years. The first of its solar farm has been established in Majorca, Spain, with an installed capacity of 1.6 MW at a capital outlay of Euro 9.5 millions (Rs.62.7 cr.). The company has submitted bids for three tenders to supply solar energy equipment worth Rs.640 cr. in Europe. XLTEL has received TUV Certification for quality assurance from Germany that will act as a major catalyst for exports to Europe. The company has signed a Power Purchase Agreement (PPA) for 25 years with a Spanish utility company. The project is expected to generate about Euro 19 million in revenues over its initial life with almost negligible maintenance costs.
It has signed a 5-year contract with LDK under which, LDK Solar will deliver approximately 300 MW of multi-crystalline silicon solar wafers to XLTEL over a 5-year period, commencing in Q1FY09 and extending through 2013. Looking at the growing global demand for Non-Conventional Energy Power Generation in the global market place, XLTEL, as a part of its strategy to be a serious player, has decided to embark on forward integration in the solar value chain by entering the EPC segment of solar farm establishment and into power generation using Solar Technologies.
Globally, the solar photovoltaic market is estimated at $16 billion and is expected to touch $65 billion by 2012, which provides ample opportunity for the growth of XLTEL. XLTEL is likely to achieve sales of Rs.1000 cr. for FY09 June year end. Net profit is likely to go up by 50% to Rs.60 cr., which would give an EPS of Rs.32. At the CMP of Rs.68.90, the share is trading at a P/E of just 2.1 on its estimated EPS of Rs.32 for FY09 and offers potential for further gain of about 40% in the medium-term. The 52-week high/ low of the share has been Rs.595/58.
Source: Internet (Moneytimes)
Incorporated in 1985, XLTEL, formerly XL Telecom, is a Hyderabad based company that operates through two divisions: Telecom and Energy. In December 2006, it came out with an IPO of 39,50,000 shares of Rs.10 each at Rs150 per share aggregating Rs.59 cr. for expansion.Its manufacturing facilities at Hyderabad in Andhra Pradesh and Nanded in Maharashtra have annual installed capacities of 500,000 units of cable jointing kits, 2,880 of SMPS plants, 65 MW solar modules, 3 million CDMA phones, and 150,000 litres of ethanol per day. XLTEL used to derive almost 80% sales from Telecom products and the balance 20% from its Energy Division, which comprises two segments – Ethanol and Solar Photovoltaic Systems (SPV). This has drastically come down to just 1.5% from 44% in FY08 (June-end) due to high margin concentration in the energy business.
XLTEL has set up a 120 MW solar photovoltaic cell manufacturing plant in the Rajiv Gandhi Nano Technology Park SEZ at a cost of Rs.360 cr., which is scheduled to commence its operations soon. It recently raised $40 million (Rs.160 cr.) through a FCCB issue to part fund the above project. The FCCBs are convertible after one year but before 5 years post issue. The balance funding of Rs.200 cr. is being financed by a Term Loan from IDBI at 11% p.a.
It has a 3-year exclusive distribution agreement with Forta Im Ex SL, Italy to deliver a minimum of 3 MW solar modules per annum to Europe and collaborations with Alfa Laval, Axesstel, Corning and Kyocera Wireless. During FY08 (June end), XLTEL posted 24% higher sales of Rs.650 cr. and earned 99% higher net profit of Rs.40 cr. yielding an EPS of Rs.21.4.
During Q1FY09, sales have further gone up by 70% to Rs.257 cr. and net profit up by 150% to Rs.15 cr. This net profit of Rs.15 cr. is arrived at after the notional provision of Rs.5.5 cr. towards foreign exchange fluctuation. The company’s equity capital is Rs.18.8 cr. and with reserves of Rs.269 cr., the book value of its share works out to Rs.154. The promoters hold 61% in the equity capital, foreign holding is 29.4%, institutions hold 4.4%, PCBs hold 1.5% leaving 3.7% with the investing public.
XLTEL is looking at establishing series of Solar Farms in Italy, southern France and other European countries generating about 300 MW over 3 years. The first of its solar farm has been established in Majorca, Spain, with an installed capacity of 1.6 MW at a capital outlay of Euro 9.5 millions (Rs.62.7 cr.). The company has submitted bids for three tenders to supply solar energy equipment worth Rs.640 cr. in Europe. XLTEL has received TUV Certification for quality assurance from Germany that will act as a major catalyst for exports to Europe. The company has signed a Power Purchase Agreement (PPA) for 25 years with a Spanish utility company. The project is expected to generate about Euro 19 million in revenues over its initial life with almost negligible maintenance costs.
It has signed a 5-year contract with LDK under which, LDK Solar will deliver approximately 300 MW of multi-crystalline silicon solar wafers to XLTEL over a 5-year period, commencing in Q1FY09 and extending through 2013. Looking at the growing global demand for Non-Conventional Energy Power Generation in the global market place, XLTEL, as a part of its strategy to be a serious player, has decided to embark on forward integration in the solar value chain by entering the EPC segment of solar farm establishment and into power generation using Solar Technologies.
Globally, the solar photovoltaic market is estimated at $16 billion and is expected to touch $65 billion by 2012, which provides ample opportunity for the growth of XLTEL. XLTEL is likely to achieve sales of Rs.1000 cr. for FY09 June year end. Net profit is likely to go up by 50% to Rs.60 cr., which would give an EPS of Rs.32. At the CMP of Rs.68.90, the share is trading at a P/E of just 2.1 on its estimated EPS of Rs.32 for FY09 and offers potential for further gain of about 40% in the medium-term. The 52-week high/ low of the share has been Rs.595/58.
Source: Internet (Moneytimes)
Multibagger:Logix Microsystems Ltd.
Logix Microsystems Ltd.
BSE Code: 532341
NSE Code: LOGIXMICRO
Last Close: Rs.48.65
Logix Microsystems Ltd. (LML) is a Bangalore based company and has a long client list like GE, ABB, HP, Philips, LG Polymers, Hoechst, ABN AMRO, etc. The company’s equity capital is just Rs.12.25 cr. while it has huge reserves of over Rs.165 cr. i.e. 13.4 times its equity capital. Foreign holding in this company is around 48.12% while the promoters hold 22.60%, corporate bodies hold 11.37% and the Indian public holds only 15.94%. LML has posted marvellous Q2FY09 results. Net sales zoomed by 50.38% while net profit zoomed 123.81% to Rs.4.23 cr. In H1FY09, its sales zoomed by 55.60% while net profit zoomed 177.84% to Rs.9.53 cr. Its EPS was Rs.7.77. Its 52-week high/low is Rs.393/48, which means that the stock is available at a very low price. The company paid 40% dividend (Rs.4 per share) to shareholders FY08. At the current level, the stock yields 8.33% tax-free dividend. The stock is traded at a P/E ratio of just 4.
At the current level, the LML stock looks attractive for short-to-long-term investment. Buy at every lower level with a stop loss of Rs.38. On the upper side, the stock will go up to Rs.63 level. Crossover can take the stock to Rs.81 level in less than 6 months and it can touch Rs.110 level in less than 15 months.
Source: Internet (Moneytimes)
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