A flat to positive opening and then some profit booking expected in Stock Market India today..
Today's Intraday Picks:
HCC
RNRL
India Cement
REL
HDIL
IBREALEST
For Levels and Targets Download the file by CLICK HERE.
Good Luck
Monday, April 28, 2008
Friday, April 25, 2008
Intraday Calls for 25th April
Today Indian Stock Market may open flat to positive and remains same for the day today. Markets may see a small rally but with very high volatility.
INDIABULLS
HERO HONDA
BHARTI AIRTEL
SRF LTD
JP ASSOCIATES
TRIVENI
For levels and targets download the file by CLICK HERE.
*Hold Cosmo Films.
Good Luck
Wednesday, April 23, 2008
Intraday Calls for 24th April
Market may remains positive throughout the day but very volatile as it's expiry day.
Trading Picks:
Bajaj Hindustan
GMR Infra
Gujarat NRE Coke
SAIL
Satyam Computer
Omaxe Ltd.
For Levels and Targets download the file by CLICK HERE.
Short-Med Term Delivery Buy COSMO FILMS (105) for Target 150+.
Good Luck
Trading Picks:
Bajaj Hindustan
GMR Infra
Gujarat NRE Coke
SAIL
Satyam Computer
Omaxe Ltd.
For Levels and Targets download the file by CLICK HERE.
Short-Med Term Delivery Buy COSMO FILMS (105) for Target 150+.
Good Luck
Markets Today
Market finished lower in volatile trade today snapping its six-day winning streak dragged by banking, capital goods and select blue-chip stocks. However real estate and IT stocks cushioned sharp fall.
Most Asian and European markets were trading higher today. However, US markets had settled lower yesterday, 22 April 2008. After opening on a firm note the market slipped in the red in mid-morning trade. It staged a strong rebound from lower level in mid-afternoon trade, only to slide again later.
The 30-share BSE Sensex was down 85.83 points or 0.51% at 16,698.04. It lost 194.42 points at days low of 16,589.45 hit in mid-morning trade. Sensex hit a high of 16,871.27 in early trade. At the days high, Sensex rose 87.40 points.
Prior to todays fall, the Sensex posted gains for the six straight sessions primarily due to healthy earnings and firm global markets. The 30-share BSE Sensex has gained 1088.77 points or 6.94% in six trading sessions from 15,695.10 on 10 March 2008 to 16,783.87 on 22 April 2008.
The broader based S&P CNX Nifty was down 26.50 points or 0.52% at 5,022.80. As per reports, Nifty rollover from April 2008 series to May 2008 series stood at 55% by Tuesday, 22 April 2008.
The total turnover on BSE amounted to Rs 6312 crore as compared to Rs 6,404.24 crore yesterday, 22 April 2008.
Turnover in NSEs futures & options segment amounted to Rs 52107.86 crore as compared to Rs 51643.74 crore yesterday, 22 April 2008.
The market breadth was positive. On BSE, 1420 shares advanced as compared to 1304 that declined. 59 remained unchanged. 17 shares from the 30-member Sensex pack declined.
The BSE Mid-Cap index was up 0.41% to 7,066.41 while the BSE Small-Cap index was up marginally by 0.02% to 8,799.86. Both these indices outperformed the Sensex
Sectoral indices on BSE displayed mixed trend. The BSE IT index (up 1.33% to 3,982.85), the BSE Auto (up 0.73% at 4,579.55), the BSE Health Care index (down 0.05% at 4,189.99), the BSE Metal index (up 0.12% to 15,548.10), the BSE TecK index (up 0.42% to 3,277.01), the BSE Realty index (up 1.90% at 8,056.17), the BSE FMCG index (down 0.37% at 2,372.14), the BSE Power (down 0.55% to 3,299.90), outperformed the Sensex
The BSE Bankex (down 1.89% at 8,552.46), the BSE Capital Goods index (down 1.13% at 13,770.97), the BSE Consumer Durables index (down 1.25% to 4,377.21), the BSE PSU index (down 1.55% to 7,843.75), and the BSE Oil & Gas index (down 0.82% to 11,382.82), underperformed the Sensex
Banking shares were weak throughout the day. HDFC Bank, the countrys second largest private sector bank in terms of net profit slipped 3.20% to Rs 1440 on 75,330 shares. It was the top loser from Sensex pack.
Indias largest private sector bank in terms of net profit ICICI Bank slipped 1.75% to Rs 867 on 9.25 lakh shares. It recovered from days low of Rs 845.35
State Bank of India, the countrys largest commetcial bank in terms of assets, slipped 2.14% to Rs 1,695.05 after its Chairman O.P. Bhatt today said the bank is making a provision of $10 million towards mark-to-market losses due to the subprime crisis overseas. Bhatt also said the bank's customers' exposure to foreign exchange derivative losses could be between Rs 600-700 crore ($150-175 million), which would be accounted for on customers' books.
Indias largest private sector company in terms of market capitalisation and oil refiner Reliance Industries (RIL) fell 1.38% to Rs 2,571.35 on 8.24 lakh shares. The stock moved in a range of 2566.25 and Rs 2632.75 during the day. RIL said on Tuesday it had formed a joint venture with Office Depot to provide office products and services in India. The two firms have also acquired eOfficePlanet, an Indian office products and services dealer, to accelerate the rollout of the joint venture.
Indias biggest dam builder Jaiprakash Associates was down 1.24% to Rs 242.60 on volumes of 31.53 lakh shares. The stock moved in a range of Rs 238.50 and Rs 252.
Bharat Heavy Electricals (down 2.71% to Rs 1821), Ranbaxy Laboratories (down 1.92% to Rs 477.80), and Bharti Airtel (down 1.43% to Rs 844.05), edged lower from Sensex pack.
ACC, the country's second largest cement manufacturer in terms of sales, surged 3.43% to Rs 847.50 on 1.28 lakh shares ahead of its March 2008 quarterly results on Thursday, 24 April 2008. It was the top gainer from Sensex pack.
India's top small car maker Maruti Suzuki India gained 1.39% to Rs 764.80 ahead of its March 2008 quarterly results on Thursday, 24 April 2008.
IT pivotals gained on fresh buying. Wipro (up 3.32% to Rs 445), TCS (up 0.45% to Rs 891) and Infosys (up 3.38% to Rs 1653) advanced. However, Indias fourth largest software services exporter Satyam Computer Services slipped 1.23% to Rs 430.50, off its days low of Rs 422.
Indias largest FMCG company in terms of sales Hindustan Unilever advanced 1.51% to Rs 241.50. The company will unveil its Q1 March 2008 results on 28 April 2008.
Real estate shares advanced on fresh buying. DLF (up 1.59% to Rs 684.90), Unitech (up 2.05% to Rs 286.25), Akruti City (up 2.28% to Rs 1,115), Omaxe (up 4.15% to Rs 233.20), and Purvankara Projects (up 6.40% to Rs 295.20), advanced.
Indias largest private steel maker in terms of sales, Tata Steel staged a sharp recovery from days low of Rs 757 to settle 1.55% higher at Rs 793. The stock rose after Anglo-Dutch steelmaker Corus, owned by the company, announced price increases for reversing mill plate and structural sections. The announcement is a stark contrast to Tata Steels earlier announcement of holding the domestic steel prices. Reportedly, Corus will be increasing basis prices for reversing mill plate by 60 per tonne effective to all dispatches from 1 June 2008.
Reliance Petroleum was the top traded counter on BSE with turnover of Rs 277 crore followed by IFCI (Rs 259.70 crore), Reliance Industries (Rs 214.25 crore), Reliance Natural Resources (Rs 214 crore) and Reliance Capital (Rs 167.30 crore) in that order.
IFCI led the volumes charts clocking volumes of 4.20 crore shares followed by Ispat Industries (2.74 crore shares), Reliance Natural Resources (1.80 crore shares), Indiabulls Securities (1.50 crore shares) and Tata Teleservices (Maharashtra) (1.44 crore shares) in that order.
Wockhardt (up 0.68% to Rs 303.90), Lupin (up 1.72% to Rs 551.50), Cadila Healthcare (up 2.76% to Rs 281) and Alembic (up 0.99% to Rs 61.20) gained despite reports the drug price regulator will initiate prosecution proceedings against four pharmaceutical companies for selling select brands without getting their prices approved by the regulator.
Among the side counters, Blue Dart Express (up 20% to Rs 661.90), Castrol India (up 18.19% to Rs 292), Indian Tonners (up 19.95% to Rs 24.05), National Oxygen (up 19.93% to Rs 53.25) and Arvind Mills (up 15.22% to Rs 56.40), surged.
However Bihar Caustic (down 9.46% to Rs 82.30), Eastern Silk Mills (down 13.64% to Rs 180.50), and Usher Agro (down 8.44% to Rs 179.65), declined
Among the news based stocks, Century Plyboards India gained 1.75% to Rs 725 on reports it has acquired Chennai based Sharon Plywoods and Karnal based Century Panels.
Indiabulls Real Estate rose 2.12% to Rs 511.80 on reports its subsidiary Citra Developers has acquired 134 acres of land at Kalyan near Mumbai for Rs 676 crore. Indiabulls plans to build an integrated on the land, reports added.
Educomp Solutions slipped 3.75% to Rs 3980 despite posting 65.45% surge in net profit to Rs 31.47 crore on 54.41% growth in total income to Rs 119.53 crore in Q4 March 2008 over Q3 December 2007. The company announced the results during trading hours today, 23 April 2008.
Deccan Aviation fell 3.37% to Rs 143.35 after posting net loss of Rs 199.65 crore in Q3 March 2008 as compared to net loss of Rs 213.17 crore in Q3 March 2007. Deccan Aviations net sales rose 27.4% to Rs 557.61 crore in Q3 March 2008 over Q3 March 2007. The company announced the result.
Most Asian and European markets were trading higher today. However, US markets had settled lower yesterday, 22 April 2008. After opening on a firm note the market slipped in the red in mid-morning trade. It staged a strong rebound from lower level in mid-afternoon trade, only to slide again later.
The 30-share BSE Sensex was down 85.83 points or 0.51% at 16,698.04. It lost 194.42 points at days low of 16,589.45 hit in mid-morning trade. Sensex hit a high of 16,871.27 in early trade. At the days high, Sensex rose 87.40 points.
Prior to todays fall, the Sensex posted gains for the six straight sessions primarily due to healthy earnings and firm global markets. The 30-share BSE Sensex has gained 1088.77 points or 6.94% in six trading sessions from 15,695.10 on 10 March 2008 to 16,783.87 on 22 April 2008.
The broader based S&P CNX Nifty was down 26.50 points or 0.52% at 5,022.80. As per reports, Nifty rollover from April 2008 series to May 2008 series stood at 55% by Tuesday, 22 April 2008.
The total turnover on BSE amounted to Rs 6312 crore as compared to Rs 6,404.24 crore yesterday, 22 April 2008.
Turnover in NSEs futures & options segment amounted to Rs 52107.86 crore as compared to Rs 51643.74 crore yesterday, 22 April 2008.
The market breadth was positive. On BSE, 1420 shares advanced as compared to 1304 that declined. 59 remained unchanged. 17 shares from the 30-member Sensex pack declined.
The BSE Mid-Cap index was up 0.41% to 7,066.41 while the BSE Small-Cap index was up marginally by 0.02% to 8,799.86. Both these indices outperformed the Sensex
Sectoral indices on BSE displayed mixed trend. The BSE IT index (up 1.33% to 3,982.85), the BSE Auto (up 0.73% at 4,579.55), the BSE Health Care index (down 0.05% at 4,189.99), the BSE Metal index (up 0.12% to 15,548.10), the BSE TecK index (up 0.42% to 3,277.01), the BSE Realty index (up 1.90% at 8,056.17), the BSE FMCG index (down 0.37% at 2,372.14), the BSE Power (down 0.55% to 3,299.90), outperformed the Sensex
The BSE Bankex (down 1.89% at 8,552.46), the BSE Capital Goods index (down 1.13% at 13,770.97), the BSE Consumer Durables index (down 1.25% to 4,377.21), the BSE PSU index (down 1.55% to 7,843.75), and the BSE Oil & Gas index (down 0.82% to 11,382.82), underperformed the Sensex
Banking shares were weak throughout the day. HDFC Bank, the countrys second largest private sector bank in terms of net profit slipped 3.20% to Rs 1440 on 75,330 shares. It was the top loser from Sensex pack.
Indias largest private sector bank in terms of net profit ICICI Bank slipped 1.75% to Rs 867 on 9.25 lakh shares. It recovered from days low of Rs 845.35
State Bank of India, the countrys largest commetcial bank in terms of assets, slipped 2.14% to Rs 1,695.05 after its Chairman O.P. Bhatt today said the bank is making a provision of $10 million towards mark-to-market losses due to the subprime crisis overseas. Bhatt also said the bank's customers' exposure to foreign exchange derivative losses could be between Rs 600-700 crore ($150-175 million), which would be accounted for on customers' books.
Indias largest private sector company in terms of market capitalisation and oil refiner Reliance Industries (RIL) fell 1.38% to Rs 2,571.35 on 8.24 lakh shares. The stock moved in a range of 2566.25 and Rs 2632.75 during the day. RIL said on Tuesday it had formed a joint venture with Office Depot to provide office products and services in India. The two firms have also acquired eOfficePlanet, an Indian office products and services dealer, to accelerate the rollout of the joint venture.
Indias biggest dam builder Jaiprakash Associates was down 1.24% to Rs 242.60 on volumes of 31.53 lakh shares. The stock moved in a range of Rs 238.50 and Rs 252.
Bharat Heavy Electricals (down 2.71% to Rs 1821), Ranbaxy Laboratories (down 1.92% to Rs 477.80), and Bharti Airtel (down 1.43% to Rs 844.05), edged lower from Sensex pack.
ACC, the country's second largest cement manufacturer in terms of sales, surged 3.43% to Rs 847.50 on 1.28 lakh shares ahead of its March 2008 quarterly results on Thursday, 24 April 2008. It was the top gainer from Sensex pack.
India's top small car maker Maruti Suzuki India gained 1.39% to Rs 764.80 ahead of its March 2008 quarterly results on Thursday, 24 April 2008.
IT pivotals gained on fresh buying. Wipro (up 3.32% to Rs 445), TCS (up 0.45% to Rs 891) and Infosys (up 3.38% to Rs 1653) advanced. However, Indias fourth largest software services exporter Satyam Computer Services slipped 1.23% to Rs 430.50, off its days low of Rs 422.
Indias largest FMCG company in terms of sales Hindustan Unilever advanced 1.51% to Rs 241.50. The company will unveil its Q1 March 2008 results on 28 April 2008.
Real estate shares advanced on fresh buying. DLF (up 1.59% to Rs 684.90), Unitech (up 2.05% to Rs 286.25), Akruti City (up 2.28% to Rs 1,115), Omaxe (up 4.15% to Rs 233.20), and Purvankara Projects (up 6.40% to Rs 295.20), advanced.
Indias largest private steel maker in terms of sales, Tata Steel staged a sharp recovery from days low of Rs 757 to settle 1.55% higher at Rs 793. The stock rose after Anglo-Dutch steelmaker Corus, owned by the company, announced price increases for reversing mill plate and structural sections. The announcement is a stark contrast to Tata Steels earlier announcement of holding the domestic steel prices. Reportedly, Corus will be increasing basis prices for reversing mill plate by 60 per tonne effective to all dispatches from 1 June 2008.
Reliance Petroleum was the top traded counter on BSE with turnover of Rs 277 crore followed by IFCI (Rs 259.70 crore), Reliance Industries (Rs 214.25 crore), Reliance Natural Resources (Rs 214 crore) and Reliance Capital (Rs 167.30 crore) in that order.
IFCI led the volumes charts clocking volumes of 4.20 crore shares followed by Ispat Industries (2.74 crore shares), Reliance Natural Resources (1.80 crore shares), Indiabulls Securities (1.50 crore shares) and Tata Teleservices (Maharashtra) (1.44 crore shares) in that order.
Wockhardt (up 0.68% to Rs 303.90), Lupin (up 1.72% to Rs 551.50), Cadila Healthcare (up 2.76% to Rs 281) and Alembic (up 0.99% to Rs 61.20) gained despite reports the drug price regulator will initiate prosecution proceedings against four pharmaceutical companies for selling select brands without getting their prices approved by the regulator.
Among the side counters, Blue Dart Express (up 20% to Rs 661.90), Castrol India (up 18.19% to Rs 292), Indian Tonners (up 19.95% to Rs 24.05), National Oxygen (up 19.93% to Rs 53.25) and Arvind Mills (up 15.22% to Rs 56.40), surged.
However Bihar Caustic (down 9.46% to Rs 82.30), Eastern Silk Mills (down 13.64% to Rs 180.50), and Usher Agro (down 8.44% to Rs 179.65), declined
Among the news based stocks, Century Plyboards India gained 1.75% to Rs 725 on reports it has acquired Chennai based Sharon Plywoods and Karnal based Century Panels.
Indiabulls Real Estate rose 2.12% to Rs 511.80 on reports its subsidiary Citra Developers has acquired 134 acres of land at Kalyan near Mumbai for Rs 676 crore. Indiabulls plans to build an integrated on the land, reports added.
Educomp Solutions slipped 3.75% to Rs 3980 despite posting 65.45% surge in net profit to Rs 31.47 crore on 54.41% growth in total income to Rs 119.53 crore in Q4 March 2008 over Q3 December 2007. The company announced the results during trading hours today, 23 April 2008.
Deccan Aviation fell 3.37% to Rs 143.35 after posting net loss of Rs 199.65 crore in Q3 March 2008 as compared to net loss of Rs 213.17 crore in Q3 March 2007. Deccan Aviations net sales rose 27.4% to Rs 557.61 crore in Q3 March 2008 over Q3 March 2007. The company announced the result.
From: Capital Market
Intraday Calls for 23rd April
Today's Intraday Picks (Buy):
Gujarat NRE Coke (167) Target 172-175 SL 165
Petronet LNG (82) Target 84-86 SL 81
Prithvi Info (174) Target 178-180 SL 172
Good Luck
Gujarat NRE Coke (167) Target 172-175 SL 165
Petronet LNG (82) Target 84-86 SL 81
Prithvi Info (174) Target 178-180 SL 172
Good Luck
Tuesday, April 22, 2008
Markets Today
The market extend its rally for sixth straight session today led by real estate, cement and capital goods stocks. However, IT shares faltered after TCS earnings disappointed. The market breadth was positive. Cement and realty shares gained on fresh buying. Recovery in some Asian markets triggered a sharp pull-back from days lows in afternoon trade.
Asian markets, which opened before Indian market, were in the red at the onset of the trading session after disappointing results posted by Bank of America Corp, the largest US retail bank, kept concerns about the fallout of the global credit crisis alive. However, markets in Hong Kong, China and Singapore recovered later. European markets, which opened after Indian markets, were in green.
The 30-share BSE Sensex was up 44.54 points or 0.27% at 16,783.87. Sensex gained 114.63 points at days high of 16,853.96 hit in early-afternoon trade. It opened with 52.78 points lower at 16,686.55 and slipped further to touch a low of 16,597.53 in early trade. At the days low, the Sensex lost 141.80 points.
The broader based S&P CNX Nifty was up 12.30 points or 0.24% at 5,049.30. Nifty April 2008 futures were at 5048, a slight discount of 1.30 points as compared to spot closing.
Market may turn volatile in coming days ahead of the expiry of April 2008 derivative series on Thursday, 24 April 2008. As per reports, Nifty rollover from April 2008 series to May 2008 series stood at 34% while marketwide rollover was 15%, as on Monday, 21 April 2008.
Indian stock market posted gains for the sixth straight session today, 22 April 2008, primarily due to healthy earnings and firm global markets. The 30-share BSE Sensex gained 1088.77 points or 6.94% from 15,695.10 on 10 March 2008.
The BSE Mid-Cap index was up 0.78% to 7,037.62 and the BSE Small-Cap index advanced 0.52% to 8,798.08. Both these indices outperformed the Sensex.
The market breadth was positive on BSE with 1563 shares advancing as compared to 1127 that declined. 57 remained unchanged.
The total turnover on BSE amounted to Rs 6,125 crore as compared to Rs 5,883.10 crore yesterday, 21 April 2008
Turnover in NSEs futures & options segment amounted to Rs 51643.74 crore as compared to Rs 40635.23 crore yesterday, 21 April 2008
Sectoral indices on BSE displayed mixed trend. The BSE Bankex (up 1.59% at 8,716.83), the BSE Health Care index (up 0.74% at 4,192.26), the BSE Metal index (up 2.07% to 15,529.38), the BSE Capital Goods index (up 1.90% at 13,928.71), the BSE FMCG index (up 0.63% at 2,380.94), the BSE Realty index (up 3% at 7,906.14), the BSE Power (up 1.12% to 3,318.13), the BSE Consumer Durables index (up 1.75% to 4,432.75), and the BSE PSU index (up 0.87% to 7,967.56), outperformed the Sensex
The BSE IT index (down 4.32% to 3,930.47), the BSE Auto (down 0.04% at 4,546.21), the BSE TecK index (down 2.40% to 3,263.43), and the BSE Oil & Gas index (down 0.34% to 11,477.39), underperformed the Sensex.
Among the Sensex pack, 18 advanced while the rest declined.
IT pivotals tumbled after Indias largest software services exporter TCS was downgraded by foreign brokerages after its earnings disappointed. TCS slumped 10.94% to Rs 884 on 8 lakh shares after the company reported 5.95% fall in net profit to Rs 1108.81 crore on 2.23% rise in net sales to Rs 4942.49 crore in Q4 March 2008 over Q3 December 2007. The results were announced after trading hours on Monday, 21 April 2008. It was the top loser from Sensex pack.
Other IT pivotals were not spared either. Infosys (down 2.42% to Rs 1605.30), Wipro (down 4.11% to Rs 435), and Satyam Computer Services (down 5.44% to Rs 434), slipped
Indias largest private sector company in terms of market capitalisation and oil refiner Reliance Industries was down 1.55% of Rs 2601.30 despite posting 24% rise in net profit to Rs 3912 crore on 36.27growth in total income to Rs 37575 crore in Q4 March 2008 over Q4 March 2007. Reliance Industries (RIL)s gross refining margin (GRM) increased to $15.5 per barrel in Q4 March 2008 as compared to $13 a barrel in Q4 March 2007. The company announced the results after trading hours on Monday, 21 April 2008.
Indias top pharma company in terms of sales, Ranbaxy Laboratories slipped 2.80% to Rs 485 after the company entered into strategic business alliance with Orchid Chemicals & Pharmaceuticals involving multiple geographies and therapies for both finished dosage formulations and active pharmaceutical ingredients. Orchid Chemicals & Pharmaceuticals shares slipped 1.44% to Rs 245.80
Grasim (down 1.85% to Rs 2595), and Mahindra & Mahindra (down 1.59% to Rs 629.05), edged lower from Sensex pack.
Indias biggest dam builder Jaiprakash Associates surged 6% to Rs 247 on 51.36 lakh shares. It was the top gainer from Sensex pack
Bharat Heavy Electricals, the countrys largest state run engineering company in terms of outstanding order book position gained 5.84% to Rs 1877 on reports the company has won orders worth around Rs 2030 crore for supply and installation of the main plan package at Nabinagar thermal power plant project in Bihar.
Oil and Natural Gas Corporation, the country's largest oil exploration company in terms of market capitalisation, rose 2.06% to Rs 1051 despite the Income Tax department slapping a Rs 1,768.49 crore claim on the company for giving discounts on crude to public sector oilmarketing companies under orders from the government.
Shares from real estate sector advanced on fresh buying. DLF (up 3.49% to Rs 674), Indiabulls Real Estate (up 1.67% to Rs 503.90), Unitech (up 4.91% to Rs 280.90), Purvankara Projects (up 6.05% to Rs 277), and Ansal Infrastructures (up 10.56% to Rs 165.60), also surged.
Cement shares gained on fresh buying. ACC (up 2.46% to Rs 820), Binani Cement (up 5.58% to Rs 86.05), UltraTech Cement Company (up 6.20% to Rs 820), India Cements (up 3.35% to Rs 193), advanced
As per reports, cement demand outlook this fiscal remains healthy, driven by rising investment in construction and real estate sectors. Cement prices are expected to stay firm in 2008-09 as growth in production will be marginally outstripped by demand growth. Cement production may grow by 11.5% and cement consumption by 12% during 2008-09.
HDFC (up 3.86% to Rs 2580), HDFC Bank (up 3.10% to Rs 1490), and Larsen & Toubro (up 2.69% to Rs 2922) edged higher from Sensex pack.
Kiri Dyes and Chemicals settled with 5.7% premium on debut at Rs 158.55 on BSE compared to IPO price of Rs 150. The stock debuted at Rs 151 a premium of 0.06% over initial price offer (IPO) of Rs 150. On BSE, 35.10 lakh shares were traded in the counter.
Among the stocks with high volumes, IFCI surged 17.70% to Rs 59.85 on 3.45 crore shares. Reliance Natural Resources gained 7.02% to Rs 118.20 on 2.71 crore shares. Ispat Industries advanced 8.10% to Rs 36.70 on 3.27 crore shares. Tata Teleservices (Maharashtra) gained 6.91% to Rs 36.35 on 1.43 crore shares. Nagarjuna Fertilisers & Chemicals rose 2.55% to Rs 50.25 on 93 lakh shares.
Orchid Chemicals topped the turnover charts clocking turnover of Rs 355.30 crore followed by Reliance Natural Resources (Rs 314 crore), Reliance Industries (Rs 220.70 crore), Kiri Dyes (Rs 212.70 crore) and IFCI (Rs 193.50 crore) in that order.
PSL gained 3.12% to Rs 316 after the company said it has secured two orders worth Rs 1,225 crore from Larsen & Toubro and HPCL-Mittal for laying pipelines.
Everest Kanto Cylinder gained 1.87% to Rs 307.70 after the company said it has successfully completed the acquisition of all the assets of CP Industries, Inc. United States for $66.3 million.
Shyam Telecom jumped 10% to Rs 109.45 on reports it is in advanced talks with Reliance Telecom Infrastructure, for first active infrastructure sharing arrangement in the country.
United Spirits declined 5.18% to Rs 1,665 even as the company reported 21.7% rise in net profit to Rs 65.11 crore in on 16.5% rise in net sales to Rs 758.98 crore.
From: CapitalMarket
Investment Idea: Noida Toll
The company has posted excellent results for FY08. YoY, the company’s net sales rose 41% at Rs.66.39 crore. EBIDTA was up 9% at Rs.40.35 crore. OPM was down from 78.56% in FY07 to 60.78% in FY08. But the company had no interest outgo and this helped boost the bottomlines dramatically, PBT was up by a whopping 185% at Rs.31.72 crore and PAT was up 153% at Rs.27.98 crore. NPM rose from 23.48% to 42.14%. The growth in income has outpaced the growth in traffic due to an annual revision in toll rates and an increase in other operational income
On an equity of Rs.186.19 crore, the company posted an EPS of Rs.1.50 as against 59 paise in FY07.
As we had mentioned earlier, the first phase of Mayur Vihar Project commenced in July 2006 and was opened to the public on 15th June, 2007. Work on the second phase of the project has been completed and opened to the public on January 19th, 2008. And this opening up of the bridges on both the sides has given a major boost to the bottomlines of the company in Q4. The full effect of this would obviously be reflected in the current fiscal.
The one big grouse which its shareholders have is that the company has not yet declared a dividend. And replying to that, the company has stated that the company intends to recommend the commencement of payment of dividends once the profitability of the company is established.
The company’s biggest asset is its land bank of 235 acres on either side of the bridge – 200 acres on Delhi side and 35 acres on Noida side. In 2002, it was valued at RS. 350 crore and presently, its worth is Rs. 1,500 crore. The company is awaiting permissions to start development. Once that happens, this land bank will be its milch cow.
Buy Noida Toll at the current price of Rs.50.
Source: Sptulsian.com
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