Sensex up 1.6%;
Nifty up 1.1%,
CNX Nifty Junior up 2%
CNX Midcap Index up 1.8%;
BSE Small Cap Index up 3%
BSE Cap Goods Index up 6.8%; L&T up 15%, ABB up 4.5%, BHEL up 4%
BSE Auto Index up 3.4%; Hero Honda up 5.5%,M&M up 4%,Bajaj Auto up 3%
BSE Healthcare, Bank Indices up 2.7% Each
Index Gainers: Cipla up 9%, HDFC Bank up 7.5%,Jet,MTNL up 7% Each
BSE FMCG Index Down 1.5%;
BSE IT Index Down 1%
Index Losers: Suzlon Down 7%, SAIL~Dn 6%, ITC Dn 3.3%, Infy Dn 2.4%
Friday, June 1, 2007
Markets Today
Markets shed early gains in late trade
Sensex up 26 points at 14570; down over 110 points from days high
Nifty ends flat at 4297; down over 25 points from days high
MTNL up 6.8%; gains on talks of Noida land investment plans in 10 days
BSE IT Index up 1.17%, BSE Bank Index up 1%
Index Gainers; GAIL up 3.4%, Cipla up 2.9%, ABB up 2%, SBI up 1.8%
Profit booking in FMCG & Oil & Gas stocks
Index Losers; Hero Honda down 2.15%, ITC down 1.7%, ONGC down 1.2%
CNX Midcap Index up 0.78%, CNX Nifty Junior up 1.38%, BSE Small-cap Index up 0.82%
Sugar & construction/ real estate stocks gain
Shree Renuka Sugar up 9%, Simbhaoli Sugar up 5%, Balrampur Chini up 3.4%
Lanco Infratech up 15%, Bata up 7.7%, Indiabulls Real Estate up 4.6%
NSE Advance Decline at 4:3
Total market turnover at Rs 41523.26 cr on 1st day of June series
Sensex up 26 points at 14570; down over 110 points from days high
Nifty ends flat at 4297; down over 25 points from days high
MTNL up 6.8%; gains on talks of Noida land investment plans in 10 days
BSE IT Index up 1.17%, BSE Bank Index up 1%
Index Gainers; GAIL up 3.4%, Cipla up 2.9%, ABB up 2%, SBI up 1.8%
Profit booking in FMCG & Oil & Gas stocks
Index Losers; Hero Honda down 2.15%, ITC down 1.7%, ONGC down 1.2%
CNX Midcap Index up 0.78%, CNX Nifty Junior up 1.38%, BSE Small-cap Index up 0.82%
Sugar & construction/ real estate stocks gain
Shree Renuka Sugar up 9%, Simbhaoli Sugar up 5%, Balrampur Chini up 3.4%
Lanco Infratech up 15%, Bata up 7.7%, Indiabulls Real Estate up 4.6%
NSE Advance Decline at 4:3
Total market turnover at Rs 41523.26 cr on 1st day of June series
Intraday Calls for 01st June
Nifty supports are 4275, 4240 and resistance are 4325, 4340.
Sensex Support is 14500 and resistance is 14625.
Market positive but I think it will be flat trading today.
Buy Unitech @ Rs. 575/- Target Rs. 585-590/- SL Rs. 570/-
Buy Hanung Toys @ Rs. 155/- Target Rs. 158-160/- SL Rs. 152/-
Buy Jet Airways @ Rs. 770/- Target Rs. 785-790/- SL Rs. 765/-
Buy Sintex Ind Above Rs. 228/- Target Rs. 232-235/- SL Rs. 222/-
Buy Indiabulls @ Rs. 532/- Target Rs. 545/- SL Rs. 525/-
Others buy are Patni (532), Riddhi Siddhi Gluco (256), SesaGoa (1680), BOB (175), ICICI (918)Wipro (542), Rolta (460).
Short Sell (High Risk) Punjllyod (217), Orbitcorp (248).
Good Luck
Sensex Support is 14500 and resistance is 14625.
Market positive but I think it will be flat trading today.
Buy Unitech @ Rs. 575/- Target Rs. 585-590/- SL Rs. 570/-
Buy Hanung Toys @ Rs. 155/- Target Rs. 158-160/- SL Rs. 152/-
Buy Jet Airways @ Rs. 770/- Target Rs. 785-790/- SL Rs. 765/-
Buy Sintex Ind Above Rs. 228/- Target Rs. 232-235/- SL Rs. 222/-
Buy Indiabulls @ Rs. 532/- Target Rs. 545/- SL Rs. 525/-
Others buy are Patni (532), Riddhi Siddhi Gluco (256), SesaGoa (1680), BOB (175), ICICI (918)Wipro (542), Rolta (460).
Short Sell (High Risk) Punjllyod (217), Orbitcorp (248).
Good Luck
Thursday, May 31, 2007
Markets Today
It was a good close for markets with Nifty closing on a new high. The global cues were extremely positive as Asia ended higher and Europe opened in green. The markets were trading higher for better most of the day with a bit of volatility due to F&O settlement. Buying was seen in scrips across sectors. Auto, bank and FMCG stocks were among the top gainers. IT opened strong but was off day's high. Frontline stocks outperformed the broader markets.
Among the frontliners Zee Ent, Maruti Udyog, HDFC, HDFC Bank, Hero Honda and Bajaj Auto were among the top gainers.
Deccan Aviation was up over 6.5% on market reports that Deccan and Kingfisher will come together.
Tata Tea was among the gainer up over 5% on reports that it will acquire majority stake in Mount Everest Mineral Water.
Power stocks NTPC, Suzlon and Reliance Energy were trading weak.
Sugar stocks were in green with goverment likely to increase the buffer stocks. Sugar stocks like Triveni Engineering, Balrampur Chini and Bajaj Hindustan are trading in green.
Among the midcaps Shasun Chemicals was up 20%, Punj Loyd and GE Shipping up 6%, Rolta was up 4%.
On the macroeconomic front, Q4 GDP number were at 9.1% slightly lower than market estimates at 9.4%. But the full year numbers came in high at 9.4%.
Sensex was up 133.08 points or 0.92% at 14544.46, and the Nifty up 46.15 points or 1.09% at 4295.8.
About 1300 shares have advanced, 1140 shares declined, and 75 shares are unchanged.
The BSE Midcap Index ended at 6,222.40 up 31 points or 1.01%.
The BSE Smallcap Index ended at 7,413.03 up 87 points or 0.9%.
The BSE Bankex was up 1.4% at 7,607.35. HDFC Bank, UTI Bank, PNB, SBI, Bank of Baroda moved upwards.
The BSE Capital Goods Index was up 0.7% at 11,153.99. Crompton Greave, Aban Offshore, Greaves Cotton, Thermax, Alfa Laval closed higher.
The BSE Health Care Index was up 0.4% at 3,841.84. Glenmark, Panacea Biotech, Cadila Health, Pfizer, Sterling Bio closed higher.
The BSE Auto Index closed at 5,012.28 up 1.3%. Hero Honda, Bharat Forge, Tube Investment, Maruti Udyog surged.
The BSE Metal Index closed at 10,405.999 up 0.6%. Welspun Guj, Guj NRE Coke, Sterlite Ind, Jindal Saw, Mah Seamless advanced higher.
The BSE FMCG Index gained 1.4% at 1,907.38. Tata Tea, United Spirits, HLL, Colgate, Dabur India closed higher.
BSE Oil and Gas Index closed higher at 7,795.67 up 0.5%. HPCL, BPCL, GAIL, Reliance Natura, Reliance ended in green.
The BSE IT Index gained 0.8% at 4,851.43. HCL Info, Patni Computer, Wipro, I-Flex Solution, Satyam closed higher.
The NSE cash turnover was at Rs 11895.49 crore and the NSE F&O turnover was at Rs 52950.89 crore. The BSE cash turnover was Rs 4511.34 crore. Total market wide turnover was at Rs 69357.72 crore.
Among the frontliners Zee Ent, Maruti Udyog, HDFC, HDFC Bank, Hero Honda and Bajaj Auto were among the top gainers.
Deccan Aviation was up over 6.5% on market reports that Deccan and Kingfisher will come together.
Tata Tea was among the gainer up over 5% on reports that it will acquire majority stake in Mount Everest Mineral Water.
Power stocks NTPC, Suzlon and Reliance Energy were trading weak.
Sugar stocks were in green with goverment likely to increase the buffer stocks. Sugar stocks like Triveni Engineering, Balrampur Chini and Bajaj Hindustan are trading in green.
Among the midcaps Shasun Chemicals was up 20%, Punj Loyd and GE Shipping up 6%, Rolta was up 4%.
On the macroeconomic front, Q4 GDP number were at 9.1% slightly lower than market estimates at 9.4%. But the full year numbers came in high at 9.4%.
Sensex was up 133.08 points or 0.92% at 14544.46, and the Nifty up 46.15 points or 1.09% at 4295.8.
About 1300 shares have advanced, 1140 shares declined, and 75 shares are unchanged.
The BSE Midcap Index ended at 6,222.40 up 31 points or 1.01%.
The BSE Smallcap Index ended at 7,413.03 up 87 points or 0.9%.
The BSE Bankex was up 1.4% at 7,607.35. HDFC Bank, UTI Bank, PNB, SBI, Bank of Baroda moved upwards.
The BSE Capital Goods Index was up 0.7% at 11,153.99. Crompton Greave, Aban Offshore, Greaves Cotton, Thermax, Alfa Laval closed higher.
The BSE Health Care Index was up 0.4% at 3,841.84. Glenmark, Panacea Biotech, Cadila Health, Pfizer, Sterling Bio closed higher.
The BSE Auto Index closed at 5,012.28 up 1.3%. Hero Honda, Bharat Forge, Tube Investment, Maruti Udyog surged.
The BSE Metal Index closed at 10,405.999 up 0.6%. Welspun Guj, Guj NRE Coke, Sterlite Ind, Jindal Saw, Mah Seamless advanced higher.
The BSE FMCG Index gained 1.4% at 1,907.38. Tata Tea, United Spirits, HLL, Colgate, Dabur India closed higher.
BSE Oil and Gas Index closed higher at 7,795.67 up 0.5%. HPCL, BPCL, GAIL, Reliance Natura, Reliance ended in green.
The BSE IT Index gained 0.8% at 4,851.43. HCL Info, Patni Computer, Wipro, I-Flex Solution, Satyam closed higher.
The NSE cash turnover was at Rs 11895.49 crore and the NSE F&O turnover was at Rs 52950.89 crore. The BSE cash turnover was Rs 4511.34 crore. Total market wide turnover was at Rs 69357.72 crore.
Source: moneycontrol.com
Intraday Calls for 31st may
Markets are likely to be volatile on expiry day. Nifty supports are 4245, 4230 and resistance are 4275, 4300. Sensex Supports are 14400, 14350 and resistance are 14475, 14500.
Dollar going strong so its a good news for IT sector.
Buy Infosys Tech above 1905/- Target Rs. 1930-1945/- SL Rs. 1900/- (Strong Support @ Rs. 1900/-)
Buy Wipro @ Rs. 536/- Target Rs. 545/- SL Rs. 530/-
Buy KPIT Cummins @ 139-140/- Target Rs. 145-150/- SL Rs. 136/-
Buy Himadri Chemical @ Rs. 382/- Target Rs. 400+ SL Rs. 375/-
Buy IDBI @ Rs. 90-92/- Target Rs. 95/- SL Rs. 88/-
Buy JP Hydro @ Rs. 36/- Target Rs. 39-40/- SL Rs. 34/-
Others buys are Indiainfo (Above 628), RCOM(501), Global Vectra (252), PatelEngineering (409), Alstom Projects(566).
Good Luck
Dollar going strong so its a good news for IT sector.
Buy Infosys Tech above 1905/- Target Rs. 1930-1945/- SL Rs. 1900/- (Strong Support @ Rs. 1900/-)
Buy Wipro @ Rs. 536/- Target Rs. 545/- SL Rs. 530/-
Buy KPIT Cummins @ 139-140/- Target Rs. 145-150/- SL Rs. 136/-
Buy Himadri Chemical @ Rs. 382/- Target Rs. 400+ SL Rs. 375/-
Buy IDBI @ Rs. 90-92/- Target Rs. 95/- SL Rs. 88/-
Buy JP Hydro @ Rs. 36/- Target Rs. 39-40/- SL Rs. 34/-
Others buys are Indiainfo (Above 628), RCOM(501), Global Vectra (252), PatelEngineering (409), Alstom Projects(566).
Good Luck
Wednesday, May 30, 2007
Different Views about Different Stocks
Anil Manghnani of Modern Shares & Stock Brokers is of the view that Hindalco maybe a good long-term investment play.
He further added, "The one I probably take a punt on is Hindalco but not from a trading point of view. I am just using the same reasoning when Suzlon and Tata Steel announced their takeover bids abroad, the stock was beaten down quite badly but once the deal was done, the stock rebounded quite sharply. So maybe something like that eventually might happen in this also. I think, it has good support level in the Rs 120-130 range now it’s consolidating in a narrow range. So, Hindalco maybe a good long-term investment play."
He further added, "The one I probably take a punt on is Hindalco but not from a trading point of view. I am just using the same reasoning when Suzlon and Tata Steel announced their takeover bids abroad, the stock was beaten down quite badly but once the deal was done, the stock rebounded quite sharply. So maybe something like that eventually might happen in this also. I think, it has good support level in the Rs 120-130 range now it’s consolidating in a narrow range. So, Hindalco maybe a good long-term investment play."
Anil Manghnani of Modern Shares & Stock Brokers is of the view that Infosys Technologies has major support at Rs 1900.
Manghnani told CNBC-TV18, "Rs 1,900 is a major support for Infosys; the reason I say this because in the last three-four months it bounced back from Rs 1,908-1910 levels. I still probably go on a hunch and try to play more in the rupee front and till the rupee doesn’t break Rs 40 I will hold on to these stocks. But as a day trader, it gets a little tricky to how long one can wait so Rs 1,900 if Infosys breaks that could be some problem for it."
He further added, "I think TCS support will be Rs 1,210-1,200."
Ranjit Kapadia of Prabhudas Lilladher is of the view that Phillips Carbon Black has target of Rs 250.
Kapadia told CNBC-TV18, "Phillips Carbon Black is going in for power plant expansion, which is likely to come in FY09 and this plant will contribute for the entire year of ’09 which will be commissioned at Durgapur facility and the company is likely to rich benefit in FY09 and plus their expansion is going in middle of ’09 which contribute for atleast 1-2 quarters. Our price target on this is Rs 250."
Kapadia told CNBC-TV18, "Phillips Carbon Black is going in for power plant expansion, which is likely to come in FY09 and this plant will contribute for the entire year of ’09 which will be commissioned at Durgapur facility and the company is likely to rich benefit in FY09 and plus their expansion is going in middle of ’09 which contribute for atleast 1-2 quarters. Our price target on this is Rs 250."
Broking house, FinQuest Securities is bullish on Cinemax India and has recommended buy rating on the stock with a target of Rs 210.
FinQuest Securities report on Cinemax India:
Cinemax India (CIL) is an emerging entertainment company primarily focused on the exhibition business with limited interests in gaming and mall development. The company is on an expansion spree and is likely to establish a pan India presence in years to come.
Investment Argument
Factors like rising consumerism, increase in disposable income, favourable demographics, lower penetration of multiplexes within the country and boom in retail sector throw up excellent opportunities for the multiplex sector in India .
Mumbai accounts for 15% of all India box office collections. With 8 out of CIL's 9 current properties owned and located at prime locations in Mumbai, CIL is well poised to ride the multiplex boom in the west.
On the back of the real estate expertise of its promoter group, CIL has undertaken an ambitious expansion plan of establishing a pan India presence by geographically diversifying its properties by FY2009E. Lease model based expansion plan would enable CIL to achieve break-even at lower occupancy rates and avoid huge capital expenditure.
Healthy growth of revenues accompanied by E-Tax exemption benefits will push down CIL's cost structure thereby resulting in impressive growth in Revenues at a CAGR of 57%, EBIDTA at a CAGR of 61% and Net profit at CAGR of 78% over FY2007-09E
Valuations
At CMP of Rs 160, the stock trades at a P/E of 20.1x FY2008E EPS of Rs 8 and 11.5x FY2009E EPS of Rs 13.9, and EV/EBIDTA of 12.3x FY2008E and 7.7x FY2009E. Considering the positive outlook for the multiplex industry and CIL's expansion plans we Initiate Coverage on the stock with a 'Buy' recommendation and a target price of Rs 210.
FinQuest Securities report on Cinemax India:
Cinemax India (CIL) is an emerging entertainment company primarily focused on the exhibition business with limited interests in gaming and mall development. The company is on an expansion spree and is likely to establish a pan India presence in years to come.
Investment Argument
Factors like rising consumerism, increase in disposable income, favourable demographics, lower penetration of multiplexes within the country and boom in retail sector throw up excellent opportunities for the multiplex sector in India .
Mumbai accounts for 15% of all India box office collections. With 8 out of CIL's 9 current properties owned and located at prime locations in Mumbai, CIL is well poised to ride the multiplex boom in the west.
On the back of the real estate expertise of its promoter group, CIL has undertaken an ambitious expansion plan of establishing a pan India presence by geographically diversifying its properties by FY2009E. Lease model based expansion plan would enable CIL to achieve break-even at lower occupancy rates and avoid huge capital expenditure.
Healthy growth of revenues accompanied by E-Tax exemption benefits will push down CIL's cost structure thereby resulting in impressive growth in Revenues at a CAGR of 57%, EBIDTA at a CAGR of 61% and Net profit at CAGR of 78% over FY2007-09E
Valuations
At CMP of Rs 160, the stock trades at a P/E of 20.1x FY2008E EPS of Rs 8 and 11.5x FY2009E EPS of Rs 13.9, and EV/EBIDTA of 12.3x FY2008E and 7.7x FY2009E. Considering the positive outlook for the multiplex industry and CIL's expansion plans we Initiate Coverage on the stock with a 'Buy' recommendation and a target price of Rs 210.
Mehraboon Irani of Darashaw & Company is of the view that Shivalik Global has target of Rs 48-52.
Irani told CNBC-TV18, "Shivalik Global is a textile company; entire textile value chain that is from yarn to garments manufacturing it is into. As per the unaudited results the company’s EPS for 2006-2007 was Rs 3.5, which at the present price of Rs 34 this stock looks richly valued. But the main part, the main trigger for the stock for the reason, which we like, is the diversification of real estate business."
He further added, "The company has signed a definitive agreement with a real estate developer of North India in which the total size of the deal is estimated to be Rs 630 crore that’s the land with the company owns in Faridabad. This is spread over a period of four years, the total size of the deal of this Shivalik Global along with a group company Gandhar Exports the share is expected to be Rs 280 crore of which Rs 50 crore is already been paid."
"Land deal according to us, the real estate business should give company around Rs 20 per share and balance Rs 14 an EPS of Rs 5.5 from the textile business alone which we are expecting in the current year 2007-08. It makes the stock looks attractive to me and I think with the land value at Rs 20 per share we can safely expect a price target of Rs 48-52 over the next six-eight months. So on the present level for another Rs 15-16 means a return of 50%."
Irani told CNBC-TV18, "Shivalik Global is a textile company; entire textile value chain that is from yarn to garments manufacturing it is into. As per the unaudited results the company’s EPS for 2006-2007 was Rs 3.5, which at the present price of Rs 34 this stock looks richly valued. But the main part, the main trigger for the stock for the reason, which we like, is the diversification of real estate business."
He further added, "The company has signed a definitive agreement with a real estate developer of North India in which the total size of the deal is estimated to be Rs 630 crore that’s the land with the company owns in Faridabad. This is spread over a period of four years, the total size of the deal of this Shivalik Global along with a group company Gandhar Exports the share is expected to be Rs 280 crore of which Rs 50 crore is already been paid."
"Land deal according to us, the real estate business should give company around Rs 20 per share and balance Rs 14 an EPS of Rs 5.5 from the textile business alone which we are expecting in the current year 2007-08. It makes the stock looks attractive to me and I think with the land value at Rs 20 per share we can safely expect a price target of Rs 48-52 over the next six-eight months. So on the present level for another Rs 15-16 means a return of 50%."
Source: moneycontrol.com
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