Market May open flat to positive and A Positive Rally Expected.
Sensex Support 18900, 18700 and Resistance 19100, 19220
Nifty Support 5580, 5500 and Resistance 5710.
Buy for Intraday:
Videocon Industries (420)
Essar Oil (207)
RPL (215)
Great Offshore (928)
Atlanta Ltd. (265)
Zee Entertainment (282)
PSTL (352)
Dish TV (82.7)
VSNL (558)
RCOM (665)
Gokaldas Exports (250)
Rajesh Exports (858)
Kajaria Ceramics (25)
GDL (139)
Others: Info Edge (Naukri), Mundra Port, Empee Distrilleries, Pondy Oxides, Prithvi Info, KPIT Cummins, HCL Tech, Ansal Buildwell.
*****Buy & Hold Sumeet Industries, Pondy Oxides & Ashok Leyland.
Good Luck
Friday, November 30, 2007
Wednesday, November 28, 2007
Intraday Calls for 28th November
Market may open flat to positive. Remain volatile with positive bias.
Buy for Intraday:
Mundra Port & SEZ (962)
IDFC (209)
IDBI (169)
Yes Bank (231)
PetroNet LNG (105)
Taneja Aerospace (164)
Inox Leisure (124)
Cinemax Ltd. (136)
Rolta India (684)
Ashok Leyland (47.6)
Hind Motors (41)
VSNL (534)
Praj Industries (205)
Pennar Industries (27.40)
Others: KPIT, Prithvi, Ricoh India, Hindustan Zinc, GE Shipping, Great Offshore.
Good Luck
Buy for Intraday:
Mundra Port & SEZ (962)
IDFC (209)
IDBI (169)
Yes Bank (231)
PetroNet LNG (105)
Taneja Aerospace (164)
Inox Leisure (124)
Cinemax Ltd. (136)
Rolta India (684)
Ashok Leyland (47.6)
Hind Motors (41)
VSNL (534)
Praj Industries (205)
Pennar Industries (27.40)
Others: KPIT, Prithvi, Ricoh India, Hindustan Zinc, GE Shipping, Great Offshore.
Good Luck
Tuesday, November 27, 2007
Intraday Calls for 27th November
Market may open nagetive but recovers later and should trade flat to positively throughout the day.
Buy for Intraday:
New Listing : Mundra Port & SEZ may list around Rs. 1000 and can go up to Rs. 1100-1150/-.
Empee Distilleries (318) Target 335+ SL 315
Noida Toll (55) Target 58-60 SL 53
SREI Infra (190) Target 200 SL 186
IndiaBulls Financials (790) Target 825 SL 785
Jindal Stainless Steel (216) Target 225 SL 212
Ispat Industries (40.90) Target 42-44 SL 39
SAIL (265) Target 275 SL 260
GDL Ltd (145) Target 150+ SL 143
Mercator Lines (127) Target 135+ SL 125
NIIT Ltd. (134) Target 138-140 SL 132
Mphasis BFL (280) Target 290-295 SL 276
Ricoh Auto (39.5) Target 42-45 SL38
Others: Reliance Energy, RPL, JP Hydropower, Bhushan Steel, Sunflag Iron & Steel, Amara Raja.
***** Keep Accumulating Sumeet Industries, Pondy Oxides & Ashok Leyland.
Good Luck
Monday, November 26, 2007
Intraday Calls for 26th November
Market may see a strong rally at 1st half but may see some profit booking at the end.
Buy for Intraday:
RCOM (682)
Bharti Airtel (913)
India Infoline (1115)
Religare Enterprises (530)
JP Hydro (108)
NTPC (236)
PTC (150)
Gujarat NRE Coke (118)
DLF (868)
UNITECH (340)
ORBIT Corp (769)
Bank of Baroda (353)
UCO Bank (57.5)
Adani Enterprises (850)
Wipro (442)
Ispat Industries
Buy Ashok Leyland (40) For short term target of Rs. 55+
***** Accumulate Sumeet Industries & Pondy Oxides & Chemicals Ltd.
Hold Maximaa Systems.
Good Luck
Buy for Intraday:
RCOM (682)
Bharti Airtel (913)
India Infoline (1115)
Religare Enterprises (530)
JP Hydro (108)
NTPC (236)
PTC (150)
Gujarat NRE Coke (118)
DLF (868)
UNITECH (340)
ORBIT Corp (769)
Bank of Baroda (353)
UCO Bank (57.5)
Adani Enterprises (850)
Wipro (442)
Ispat Industries
Buy Ashok Leyland (40) For short term target of Rs. 55+
***** Accumulate Sumeet Industries & Pondy Oxides & Chemicals Ltd.
Hold Maximaa Systems.
Good Luck
Saturday, November 24, 2007
IPO Talk: Jyothy Laboratories
Jyothy Laboratories is entering the capital market on 22nd November 07 with an Offer for Sale of 44.30 lakh equity shares, of Rs.5 each, in the band of Rs.620 to Rs.690 per share. Five, venture capitalists and PE investors, having acquired the shares of the company between 2000 and 2006, are now offloading their stake and completely exiting from the company. The cost of acquisition per share to these investors was at Rs.143 in 2000 and at Rs.291 in the year 2003.
The company has been struggling till FY 04, when it had stagnant topline and negative bottomline. In FY 05, though topline fell to Rs.271 crores from Rs.300 crores, PAT rose to Rs.33.27 crores, against net loss of Rs.23.08 crores, in FY 04.
The Offer for Sale is being made by five shareholders, of which ICICI Bank Canada and ICICI Bank UK, PLC is holding maximum number of shares, of about 28.66 lakh shares. These shares were acquired by them in the year 2006, from original allottees like Canzone Ltd., South Asia Regional Fund and CDC Investment Holdings.
The company is an FMCG player in fabric care, household insecticide, surface cleaning, personal care and air care segment with brands such as Ujala, Maxo, Exo, Jeeva and Maya.
Ujala Fabric Whitener, flagship brand of the company, has 57.5% market share (by volume) and 72.2% share (by value) as at 31st July 07. Maxo Coils has market share of 20.8% as on that date. Rest of the brands are either region based or have yet to catch on.
Since the proposed issue is Offer for Sale, no capacity increase is taking place or no new fund is coming to the company, hence only the normal growth would get achieved by the company. Though topline of the company rose by 19.25% from Rs.314.05 crores in FY 06 to Rs.374.52 crores in FY 07, PAT rose only by 3.33% from Rs.46.59 crores in FY 06 to Rs.48.14 crores in FY 07. This is due to fall in the EBITDA margin in FY 07 to 18.12% from 19.34% in FY 06. Due to huge cash surplus of about Rs.77 crores with the company, other income is quite high at Rs.12.63 crores for FY 07. EPS was at Rs.33.20 for FY 07.
FMCG sector presently is not a fancied sector and is likely to remain so for the next couple of years. Return on net worth of the company is also quite low at 16.51% when compared to its peers like Emami, which is at 40.5% and Marico at 49.7%. The share is being offered at a PE multiple of close to 21, at the upper band, of Rs.690 per share, thus leaving very low scope for appreciation in the medium to long term. The issue may give listing gains but looking at the pressure on margins of the company, the share may not be able to give decent returns in the long run.
The company has been struggling till FY 04, when it had stagnant topline and negative bottomline. In FY 05, though topline fell to Rs.271 crores from Rs.300 crores, PAT rose to Rs.33.27 crores, against net loss of Rs.23.08 crores, in FY 04.
The Offer for Sale is being made by five shareholders, of which ICICI Bank Canada and ICICI Bank UK, PLC is holding maximum number of shares, of about 28.66 lakh shares. These shares were acquired by them in the year 2006, from original allottees like Canzone Ltd., South Asia Regional Fund and CDC Investment Holdings.
The company is an FMCG player in fabric care, household insecticide, surface cleaning, personal care and air care segment with brands such as Ujala, Maxo, Exo, Jeeva and Maya.
Ujala Fabric Whitener, flagship brand of the company, has 57.5% market share (by volume) and 72.2% share (by value) as at 31st July 07. Maxo Coils has market share of 20.8% as on that date. Rest of the brands are either region based or have yet to catch on.
Since the proposed issue is Offer for Sale, no capacity increase is taking place or no new fund is coming to the company, hence only the normal growth would get achieved by the company. Though topline of the company rose by 19.25% from Rs.314.05 crores in FY 06 to Rs.374.52 crores in FY 07, PAT rose only by 3.33% from Rs.46.59 crores in FY 06 to Rs.48.14 crores in FY 07. This is due to fall in the EBITDA margin in FY 07 to 18.12% from 19.34% in FY 06. Due to huge cash surplus of about Rs.77 crores with the company, other income is quite high at Rs.12.63 crores for FY 07. EPS was at Rs.33.20 for FY 07.
FMCG sector presently is not a fancied sector and is likely to remain so for the next couple of years. Return on net worth of the company is also quite low at 16.51% when compared to its peers like Emami, which is at 40.5% and Marico at 49.7%. The share is being offered at a PE multiple of close to 21, at the upper band, of Rs.690 per share, thus leaving very low scope for appreciation in the medium to long term. The issue may give listing gains but looking at the pressure on margins of the company, the share may not be able to give decent returns in the long run.
Source:sptulsian.com
(*****Latest grey market premium is Rs. 350+ Apply for listing gain only.)
Thursday, November 22, 2007
Intraday Calls for 22nd November
A Bounce Back Expected.
Buy for Intraday:
Religare Enterprises Ltd.
Cinemax Ltd.
Shringar Cinemas Ltd.
PSTL
House of Pearl Fashion Ltd. (HOPFL)
Polaris Lab
Prithvi Info
Great Offshore
Elecon Engineering
Purvankara Projects
IDFC
Wockhardt Ltd.
Novartis India Ltd.
Ansal Buildwell
*****Accumulate Pondy Oxides & Chemicals Ltd & Sumeet Industries.
Hold Maximaa Systems.
Good Luck
Buy for Intraday:
Religare Enterprises Ltd.
Cinemax Ltd.
Shringar Cinemas Ltd.
PSTL
House of Pearl Fashion Ltd. (HOPFL)
Polaris Lab
Prithvi Info
Great Offshore
Elecon Engineering
Purvankara Projects
IDFC
Wockhardt Ltd.
Novartis India Ltd.
Ansal Buildwell
*****Accumulate Pondy Oxides & Chemicals Ltd & Sumeet Industries.
Hold Maximaa Systems.
Good Luck
Wednesday, November 21, 2007
Intraday Calls for 21st November
Market may open flat to nagetive but after that a positive trading should starts and will remain positive whole the day.
Buy for Intraday:
New Listing Religare (185) can list around 525-575 and Target 650+
Great Offshore
Gulf Oils
Petronet LNG
Selan Exploration.
IDFC
JP Hydro
Omaxe Ltd.
GNFC
Welspun Gujarat
Welspun India
Ansal Buildwell
Parsvnath Developers
GDL
Others: TTML, Manugraph India, Cinemax Ltd, Kisan Moulding, Nagarjuna Fert., UCO Bank.
*****Maximaa Systems hits buyer freeze before cooling down.
CHD Developers hits Rs. 30 mark and achieve 1st target. Long term investor remain ivested for Rs. 50/- SL Rs. 22/-
Sumeet Industries Hits upper circuit at Rs. 14.72/-.
Pondy Oxides & Chemicals Ltd. starts moving up with good volumes.
Good Luck
Buy for Intraday:
New Listing Religare (185) can list around 525-575 and Target 650+
Great Offshore
Gulf Oils
Petronet LNG
Selan Exploration.
IDFC
JP Hydro
Omaxe Ltd.
GNFC
Welspun Gujarat
Welspun India
Ansal Buildwell
Parsvnath Developers
GDL
Others: TTML, Manugraph India, Cinemax Ltd, Kisan Moulding, Nagarjuna Fert., UCO Bank.
*****Maximaa Systems hits buyer freeze before cooling down.
CHD Developers hits Rs. 30 mark and achieve 1st target. Long term investor remain ivested for Rs. 50/- SL Rs. 22/-
Sumeet Industries Hits upper circuit at Rs. 14.72/-.
Pondy Oxides & Chemicals Ltd. starts moving up with good volumes.
Good Luck
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