Intraday Calls for 17th January

Market may bouce back today but again remains very volatile throughout the day.

Buy for Intraday:

Reliance Industries, Energy, RNRL, RPL.
Prithvi Info (308) Target 325 SL 305
Asian Electronics (552) Target 575 SL 545
Deep Industries (230.9) Target 240 SL 225
Spentex Industries (37) Target 40+ SL 35 (Short Term Target 60+)
Sujana Metal (51) Target 54-55 SL 50
IDFC (223) Target 230 SL 220
IDBI (172) Target 175-178 SL 170
KS Oils (104) Target 108-110 SL 102
Rasoya Protein (65) Target 70-72 SL 62 (Short Term Target 90-100)
Hind Oil Exploration (140) Target 145 SL 138
Prime Property (113) Target 118 SL 110 (Buy for Short Term Target of Rs. 150)
Lokesh Machinary (125) Target 130-132 SL 120 (Buy again for Short Term Target 150)

Watch Banking Sector: Andhra Bank, UCO Bank, Allahabad Bank, Bank of India, BOB.

Results Today: Reliance Ind, REL, RNRL, KPIT, IDBI, Financial Tech, Indiabulls, Orchid Chem, NDTV, Biocon, Godrej Cons, HCL Tech, Ranbaxy.

Good Luck

Intraday Calls & Stock Ideas

Market may open with gap down and can go below 20000. But I think some recovery from lower levels can be seen and midcap & smallcap can do well.

Buy for Intraday at dip.

HB Portfolio (145)
Lanco Infra (790)
Vakrangee Software (260)
Welspun Gujarat (512)
Videocon Industries (608)
LIC housing Finance (372)
ABG Shipyard (935)
Indiabulls Financial (875)
UB Engineers (173)
Petronet LNG (109)

Others: BEML, Prism Cement, Madhucon Projects, Allahabad Bank, Andhra Bank,

Results Today: Petronet LNG, LIC Housing Finance, TCS, WIPRO, India Cement, MRPL, Chambal Fert., Welspun Gujarat.

Good Luck

Intraday Calls & Stock Ideas

Market may open flat to positive and volatile trading expected.

Buy for Intraday:

Bajaj Hind (323) Target 335 SL 318
Balrampur Chini (112) Target 115-118 SL 110
Petronet LNG (112) Target 115-118 SL 110
Hind Oil Exploration (146) Target 150-155 SL 142
Peninsula Land (154) Target 160-162 SL 150
Lok Housing (320) Target 330-335 SL 316
Andhra Bank (116) Target 120 SL 114
UCO Bank (78) Target 82-84 SL 76
IDEA (145) Target 150 SL 142
Apollo Tyre (55) Target 58 SL 53
Swan Mills (128) Target 135-140 SL 125
Prithvi Info (302) Target 315-325 SL 298

Others: Reliance Industries, Infosys, REL, NTPC, Power Grid, GIPCL.

Good Luck

Intraday Calls & Stock Ideas

Market may open flat to nagetive, later some recovery can be seen from lower levels and again a highly volatile trading throughout the day exptected.

Buy for Intraday:

Sujana Metal (47) Target 50 SL 45
SAIL (250) Target 255-258 SL 247
Tata Metalics (188) Target 195-200 SL 185
Sintex Industries (560) Target 575-590 SL 555
Lok Housing (309) Target 325 SL 305
Atlanta (375) Target 390-400 SL 370
Prism Cement (63.5) Target 66-68 SL 62
GAIL (510) Target 525 SL 505
Century Textile (1195) Target 1225-1250 SL 1180
Exide Industries (80.5) Target 84-85 SL 78

Results Today: IDFC, CMC, Exide, Geomatric Soft, Monnet Ispat, KLG Systel, PRime Securities, Repro India, Vikas WSP etc.

Accumulate: Kohinoor Broadcasting (16), Cybermate Info (16), Precision Containeur (21), Dolat Investments (22), for 50-100% gain in coming months.
Hold Rasoya Protein.

Good Luck

Multibagger: Electrotherm

Investment Analyst, Ashish Chugh is of the view that Electrotherm is a safe stock to invest in the current market.

Chugh told CNBC-TV18, "Currently Electrotherm is trading at about Rs 530-540 and it can go to Rs 800-1000 maybe even Rs 2,000. It is primarily into three businesses. This company was into the engineering business where it used to manufacture induction-heating furnace. This engineering business of the company is the oldest business; this is where the company started from, and they are the leaders in the manufacture of induction furnaces having the highest market share. They have installation of more than 1500 induction furnaces."

He further added, "The steel division of the company was more of a forward integration worth for this company. Since this company was already manufacturing induction-heating furnace, which has used in the steel industry and also other equipment, it set up a steel plant at a much lower cost. This company manufactures various kinds of steel like tmt bars, ductile iron pipes, stainless steel, sponge iron. It has got a fully integrated plant, which is located at Kutch district of Gujarat."

"This company is also setting up a 30-megawatt captive power plant, which is going to use the waste gases from the sponge iron plant and this plant is also illegible for carbon credit. The auto division of the company manufactures Yo bikes, which is a two-wheeler, battery-operated two-wheeler, this plant has got a capacity of about 1.5 lakh units. This company has already established a nationwide network of dealers for selling these two-wheelers. They have a dealer network of more than 150 and they are aggressively adding more dealers. The good thing is that the auto plant of the company and the steel plant of the company are both located in the Kutch district where they get benefit of sales tax, excise and income tax, and also there plants are located very close to Kandla port, which is an additional advantage as far as the logistics is concerned."

"In the first half of the current financial year this company has already achieved sales of about Rs 515 crores, which are up by about 125% over the same period last year, profit after tax (PAT) is up by about 80% to around Rs 25 crores. For full year we expect the company to deliver sales of between Rs 1100-1200 crores that can be in the region of Rs 60-65 crores, which means an EPS of Rs 60 at the current price of Rs 530-540 it is available at a price to earning ratio of 9."

"This company has received funding from various prominent institutions; IFC Washington and ICICI Ventures have invested in this company. IFC Washington has subscribed to FCCB issue and ICICI Venture has taken a stake in the company at Rs 600. The management has also taken warrants in the company convertible into shares at Rs 600."

"The electric bike division of the company has a very good potential. If you take a look at the sales figure of electric bikes in India and compare it with the countries like China you find a huge differential. Last year India sold about 1-lakh electric two-wheelers as against 10 million, which are sold annually in China. So there is a huge untapped potential as far as the two-wheeler division of the company is concerned. This company is also planning to launch Hybrid buses and battery operated three-wheelers, which are still in the testing stage and maybe couple of months or couple of years down the line this company may do a commercial roll out of these products."

"The current expansions, which are going on they are capable of leading to a revenue of between Rs 1,800 crore to Rs 2,000 crore, which we expect the company to do in the FY08-09. Traditionally, this company has done operating profits of close to14-15%. So 14% to 15% operating profit on sales of Rs 1,800 crore if we take on the lower band, equity of the company is just about Rs 9.13 crores as of now, which may go upto between Rs 12 crore to13 crore on the conversion of promoters warrants into shares and also conversion of FCCB (Foreign Currency Convertible Bond) into equity shares. So on a fully diluted equity of between Rs 12-13 crores, the company is doing a operating profit of maybe about Rs 250-300 crores and is available at a marketcap of just about Rs 450 crores. In the current market it looks to be a very safe stock to invest in."

Source:moneycontrol.com

Nov industrial growth at 5.3% versus 15.8% (YoY)

IIP numbers have been declared. November industrial growth is at 5.3% versus 15.8% (YoY), reports CNBC-TV18.

October industrial growth has been revised to 12% versus 11.8%. November manufacturing growth is at 5.4% versus 17.2% (YoY). April to November industrial growth is at 9.2% versus 10.9% (YoY). Capital goods growth in November was at 24.5% and consumer goods growth is down 2.6%.

Intraday Calls for 11th January

Market may remain rangebound with positive bias.

Buy for Intraday:

Watch on IT & Tech Stocks (Infosys, Wipro, Tech Mahindra, Prithvi Info, Mphasis, 3i Info, KPIT)
Penny IT Stocks (Cybermat Info, Pentasoft Tech, Kaashyap Tech.)
Prism Cement (62) Target 65-68 SL 60
Tata Steel (854) Target 875-890 SL 845
SAIL (255) Target 260-262 SL 250
Tata Metalics (197) Target 205-210 SL 194
Sujana Metal (47) Target 50-52 SL 45
Yes Bank (258) Target 265-270 SL 256
BOB (443) Target 450+ SL 440
Asian Elect. (476) Target 500+ SL 470
CIPLA (202) Target 208-210 SL 198
United Phosp (406) Target 415-420 SL 400

***** Keep holding Rasoya Protein, Hotline Glass, Sumedha.

Good Luck