Intraday Trading Calls for 10th September

Stock Market India may open flat to nagetive & remains flat and trade in small range throughout the day today.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

RPOWER (169)

Buy Above 169.90 Target 172.55, 176.00

Sell Below 167.50 Target 163.25, 160.00

RENUKA SUGAR (122)

Buy Above 123.25 Target 126.15, 129.00

Sell Below 121.05 Target 119.05, 116.00

TRIVENI ENGINEERING (95)

Buy Above 95.85 Target 97.50, 100.00

Sell Below 93.75 Target 91.20, 88.00

HPCL (243)

Buy Above 245.10 Target 249.25, 254.00

Sell Below 241.45 Target 237.65, 232.00

RCOM (405)

Buy Above 407.65 Target 412.75, 418.00

Sell Below 402.75 Target 397.20, 391.00

HDIL (311)

Buy Above 313.55 Target 318.45, 325.00

Sell Below 308.60 Target 302.35, 295.00

Others for Intraday: PIONEER EMBROIDERIES, IDEA, CHAMBAL FERTILIZER, GMDC.

GOOD LUCK.

Stock Idea: Goa Carbon

A part of the Dempo group, Goa Carbon has had an exceedingly good first quarter, carrying forward the winning stroke it had in FY08. A simple change in sales strategy has put the company on the firm path to superlative growth.

Net sales rose by a whopping 130% on a YoY at Rs.109.60 crore. EBIDTA doubled up from Rs.4.04 crore to Rs.19.16 crore. PBT was up more than 10 times at Rs.19.16 crore. The company had a MTM forex loss of Rs.8.56 crore. PAT was up over 8 times at Rs.11.63 crore. What is noteworthy here is that for entire FY08, the company had posted a PAT of Rs.17.32 crore

And this change in fortunes was brought about due to the change which the company made in its sales policy, starting from January 08’. It started selling on a spot basis instead of forward contracts. This helps the company sell CPC at an average rate of over $500-550 per tonne as against the price of $350-400 per tonne it was selling earlier. It also stopped selling on credit and this too helped.

It currently has a manufacturing capacity of 2.40,000 tpa, making it the second largest after Rain Commodities, which has a capacity of 6,00,000 tpa. It exports 25% of its production while the rest is sold to consumers in aluminium, titanium dioxide and metallurgical chemical industries. Of this, aluminium manufacturers account for 75% of the business, meaning its fortunes are closely linked to that of the aluminium sector.

The company has chalked out a capex of Rs.480 crore to set up a greenfield plant to produce up to 5 lakh tpa of CPC with a co-generation power plant of 40 MW.

The stock price has moved up sharply in August and currently it is hovering in the range of Rs.130-136. Stay invested, infact at every dip, accumulate the stock.

Source: sptulsian.com

Stock Idea: India Glycols

One glance at the financial performance for first quarter ended 30th June 2008, be it YoY or QoQ, indicates an across the board fall in topline as well as bottomlines. Sequentially, OPM has slipped from 19.05% in Q4FY08 to 17.08% in current Q1, NPM slipped from 6.99% to 4.85%. YoY, the fall is sharper. OPM has come down from 27.43% and NPM from a very healthy 13.14%.
There were two reasons for this fall. The biggest culprit is the fact that the company has shut down the plant for 21 days for debottlenecking of capacities & catalyst change. 21 days is almost like a full month, juts one week short. So of the three months in Q1, the company actually operated for just 2 months and one week. Naturally, the profitability was bound to take a hit.
Secondly, even on the lower net sales, the company’s operating expenses was quite high. YoY, one may feel that the company has managed to keep it at the same levels of Rs.215 crore but when compares it as percentage of sales, it becomes apparent that the outgo was much higher. In Q1FY09, operating expenses ate away 86% of the net sales, which was at 79% in Q1FY08.
The current fiscal is expected to be good. Its carbon-di-oxide plant of 80 ton per day capacity at Kashipur started commercial production in April’08 and this would also start contributing to the bottomlines in the current fiscal.
India Glycols is a very good company, its product is its winner. It manufactures MEG from molasses unlike others who do it from crude, hence it is protected from the vagaries of the rising crude prices and at the same time, gives a more cost effective substitute for its customers. Its located in Uttaranchal, which is close to the main sugar belt of India. And that is the reason why the company did not hit rock bottom despite the performance.
Currently quoted at Rs.210, its best to accumulate this stock at every dip and keep a 15-18 months perspective for gains.

Source: sptulsian.com

Intraday Trading Calls for 09th September

Stock Market India may open flat to nagetive and see some profit booking but recovery also expected from lower levels and a flat to positive closing expected today.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

RPOWER (168)
Buy Above 169.60 Target 172.55, 176.00
Sell Below 166.80 Target 163.25, 160.00
GMDC (191)
Buy Above 193.25 Target 198.75, 208.00
Sell Below 189.20 Target 184.25, 178.00
INDIABULLS SECURITIES (63.5)
Buy Above 64.45 Target 66.75, 69.00
Sell Below 62.60 Target 60.20, 58.00
GSS AMERICA INFO (297)
Buy Above 300.10 Target 306.75, 314.00
Sell Below 294.55 Target 288.05, 282.00
PUNJ LLOYD (309)
Buy Above 311.45 Target 315.75, 322.00
Sell Below 307.55 Target 302.20, 295.00
SEL MANUFACTURING (237)
Buy Above 240.55 Target 248.05, 258.00
Sell Below 234.60 Target 228.35, 220.00

Others for Intraday: INDIAINFOLINE, ORG INFORMATICS, STONE INDIA, HPCL, BPCL.

GOOD LUCK.

Stock Idea: Prime Property

Prime Property Development Corporation Ltd. (Code: 530695) (Rs.61.55) is a small real estate developer based in Mumbai which boasts of constructing landmark residential and commercial buildings for high end customers in Mumbai. Prime Avenue, Prime Centre, Prime Beach & Prime Plaza are few of its prestigious residential & commercial developments in prime areas like Santacruz (West) & Vile Parle (West) in suburban Mumbai. Presently, the company is focusing to complete its two ongoing projects in Mumbai namely ‘Prime Down Town Mall’ - a 270,000 sq. ft. luxurious composite mall with multiplexes and ‘Prime Tech Park’, which is 90,000 sq. ft. commercial building. Besides these, the company has started construction work on two more shopping malls called ‘Prime Square’ - 70,000 sq. ft. mall in Goregaon Mumbai and ‘Prime Pune Mall’ - gigantic 430,000 sq. ft. state-of-the-art mall with an anchor shop, multiplex, food court, entertainment area and a hotel in Pune. For FY08, it clocked an EPS of Rs.16 and declared a dividend of Rs.1.50. It has announced excellent results for Q1FY09 and considering the company’s current projects in hand in prime locations, it may report total revenue of Rs.150 cr. with net profit of Rs.40 cr. for FY09 i.e. an EPS of Rs.20 on its current equity. Only aggressive investors are advised to buy at current levels.

Stock Idea: GMDC

Gujarat Mineral Development Corporation (GMDC) is a Gujarat State government undertaking engaged in the business of lignite, bauxite and fluorspar mining as also power generation units based on lignite.
The fourth quarter of FY08 had been its best and in comparison, all else pales. Especially the performance for the first quarter ended 30th June 2008. Sequentially, the performance has dropped. Net sales is down 15%, and though it managed to reduce its operating expenses, by 25% which itself is a feat given the rising costs in Q1. Despite that EBITDA dropped 3% and then interest outgo rose 215 and depreciation by 4% and this pushed down the PBT growth by 19%. And then it added back the expenses provided for overburden removal and loading of lignite and this was to the tune of Rs.38.88 crore. This boosted the PAT by 14% at Rs.72.35 crore. The company might have managed to show an increase in the last leg but the profit margins indicate the pressure. OPM slipped down from 55.08% to 48.15% and NPM from 26.53% to 19.75%.

A look at the net sales break-up indicates that there had been a fall overall. Its income from mining fell from Rs.292.45 crore to Rs.239.40 crore. The income from power also fell, from Rs.50.91 crore to Rs.40,52 crore.

YoY, the company has done well and that to a large extent is very reassuring. The company continues to remain on a good wicket, it’s just that Q4FY08 was its best and expecting Q1CY09 to match up or exceed would be unfair, especially with many companies showing a slower growth.

The company is presently producing about 80 lakh MT of lignite at its three mines. New mines have been developed at the various locations at Surat to cater to South Gujarat where estimated annual production would be 10 lakh MT. 10 lakh MT of lignite production at Amod near Bharuch would fully contribute in FY09. 30 lakh tonne of lignite production is estimated from Bhavnagar mines to cater to Saurashtra region and Central Gujarat. So, in FY 09, the production of lignite would rise by about 40%. The company also has 250 MW power plant in operation based on lignite.
Lignite referred to as brown gold, is an alternative for coal, which is in great demand, as natural resources are becoming scarce all over the world. The stock went ex-bonus from 1st September and on 5th September it touched a new low at Rs.192. Currently it is quoted at Rs.195. Stay invested as it remains a fundamentally sound stock.

Source: sptulsian.com

Intraday Trading Calls for 8th August

Indian Stock Market may open gap up and expected a super strong rally & good positive closing today.

Today's Intraday Trading Calls / Stock Tips (Keep Appropriate Stop Loss for each trade):

RPOWER (163)
Buy Above 164.60 Target 168.55, 173.00
Sell Below 162.10 Target 159.25, 155.00
NTPC (173)
Buy Above 174.25 Target 177.75, 182.00
Sell Below 171.80 Target 169.25, 166.00
HCC (97)
Buy Above 98.25 Target 102.25, 106.00
Sell Below 96.10 Target 93.20, 90.00
TATA MOTORS (420)
Buy Above 423.60 Target 429.75, 435.00
Sell Below 418.55 Target 413.05, 407.00
INDIABULLS REALEST (278)
Buy Above 281.25 Target 288.75, 298.00
Sell Below 275.35 Target 268.20, 260.00
SEL MANUFACTURING (249)
Buy Above 252.55 Target 260.05, 268.00
Sell Below 247.60 Target 241.35, 235.00

Others for Intraday: TATA POWER, RELIANCE INFRA, TORRENT POWER, JAIPRAKASH ASSOCIATES, ROLTA INDIA.

Delivery Buy: ORG INFORMATICS (517195) (30) for Short- Med Term Target Rs. 75+

Good Luck