Intraday Trading Calls for 17th October

Indian Stock Market may open Positive with gap up. A strong rally expected today with good positive closing.

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

BANK OF BARODA (316)
Buy Above 318.65 Target 325.15, 332.00
Sell Below 314.20 Target 308.35, 302.00
VOLTAS (67)
Buy Above 68.45 Target 71.55, 75.00
Sell Below 65.70 Target 63.15, 60.00
INDIABULLS REALEST (116)
Buy Above 117.75 Target 112.80, 120.00
Sell Below 114.40 Target 110.05, 104.00
HDIL (129)
Buy Above 131.20 Target 136.40, 142.00
Sell Below 127.40 Target 122.15, 116.00
HPCL (228)
Buy Above 230.40 Target 237.25, 245.00
Sell Below 225.40 Target 220.10, 214.00
AXIS BANK (622)
Buy Above 626.20 Target 635.15, 650.00
Sell Below 618.40 Target 610.10, 595.00

Others: Fertilizers Stocks (Chambal, Nagarjuna, National Fertilizers) Sugar Stocks (Triveni, Renuka, Bajaj Hindustan) & Mphasis BFL

GOOD LUCK.

Stock Idea: Electrosteel Castings

Electrosteel Castings has posted very good results for quarter ended 30th September 08 with total income touching at Rs.545.87 crores (Rs.317.48 crores for Sept. 07 quarter) with net profit placed at Rs.42.12 crores against Rs.28.89 crores for previous corresponding quarter. This is after providing for interest of Rs.39.64, which includes derivatives losses and foreign exchange difference on borrowings, against an income of Rs.7.09 crores, in the corresponding quarter of previous year. In the current quarter, deferred tax provisions were high at Rs.20.98 crores against Rs.1.09 crores of the Sept. 07 quarter.

Due to this, cash profit of the company for the quarter is at Rs.73.03 crores against Rs.38.77 crores for the corresponding quarter in previous year and Rs.77.18 crores for FY 08. This is without doing any adjustment for forex and derivative MTM provisions.

EPS for the quarter is placed at Rs.1.50 while cash EPS is at Rs.2.60.

The Board of the company proposes to issue 4.24 crores equity shares of Re.1 each, to two non-promoters overseas companies, at Rs.38 per share. Even promoters of the company have recently converted 6.25 lakh warrants into equity at Rs.43.80 per share, against the current price of share ruling at Rs.19. This is in the backdrop of the fact that promoters of Hindalco and Rajashree Sugars have not opted to convert or subscribe warrants due to fall in market price.

As on 30-09-08, the company had MTM loss of Rs.32.14 crores, arising out of foreign exchange contracts for hedging future exports against currency risks. Outstanding derivative contracts had MTM loss of Rs.19.81 crores as at 30-09-08. Though concern on these losses remains, but if the company has provided for it, and still has been able to post good growth in its bottomline, one should not take them with too much concerns.

Share having a book value of Rs.42 is now ruling at Rs.19 and FY 09 EPS is expected to be close to Rs.10 from its normal operations. Maybe, forex and derivative loses should get over by end of FY 09 and the company thereafter, should be able to post its normal operations.

Due to the concerns of forex and derivative losses, even good results have gone unnoticed. At Rs.19 share holds long term potential.

Source: sptulsian.com

Intraday Trading Calls for 16th October

Indian Stock Market may open Nagetive with gap down But buying can be seen at lower levels so a bouce back expected from lower levels.

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

Buy at Lower Levels (about 4-5% down) from previous close.

ELECTROSTEEL CASTINGS (19)

LG BALABROS (12.40)

TTK PRESTIGE (137)

CHENNAI PETRO (158)

HPCL (220)

BPCL (350)

Others: Sanwaria Agro Oil, Gokul Refoils, KS Oils.

GOOD LUCK.

Stock Idea: Mastek Ltd.

Mastek Ltd. has posted good results for first quarter ending September 08 with topline at Rs.261.65 crores against Rs.211.50 crores of the corresponding quarter of previous year, while PAT is at Rs.41.18 crores (against Rs.25.12 crores) translating into an EPS of Rs.15.27 against Rs.8.84 crores for the quarter.

On annualized basis, the same results should yield an EPS of over Rs.60, while stock is now ruling at Rs.230, resulting in a PE of less htan 4. Even book value per share, post this results, are at Rs.120 while the company had paid 200% dividend for FY 08.
Share price on 10-10-08 fell to its 52 week low at Rs.192 before the company announced its results. It may be noted that there is lot of apprehensions on the growth of the I.T. companies, especially after crisis being seen in BFSI sector in U.S. and Europe. But considering the growth having posted by the company, coupled with its financial position, share at Rs.225 qualifies a safe bet if someone has a view of 6 months on the stock.

Source: sptulsian.com

Stock Idea: RS Software

RS Software a tiny software company is trying to make its presence felt by posting better results for the quarter ended September 08, wherein PAT of the company of Rs.178 lakhs for the quarter, far exceeds PAT of FY 08, which was at Rs.117 lakhs.

There seems to be no correlation between the profitability over the quarters, as also in regard to EPS stated by the company, for various periods. For FY 08, on equity base of Rs.744 lakhs, with PAT of R.117 lakhs, EPS is stated at 16 paise, while for September 08 quarter, on PAT of Rs.178 lakhs, EPS on equity of Rs.744 lakhs is stated at Rs.2.18.

The sole aim of the company is to create sensation by publishing its quarterly results with blocks of “Net Profit up 100 times” etc. The sole aim of the promoters of the company are to have market operations and to trap the investors at the higher levels. Share now ruling at Rs.18 had its 52 week high low of Rs.52 and Rs.15 and when established mid cap I.T. companies are available at a PE multiple of 3 to 4 times, who would be interested in these manipulative stocks.

Time seems to have come where management must refrain themselves from indulging in these gimmicks as also for the investors to take a fundamental view on the tock.

Source: sptulsian.com

Intraday Trading Calls for 15th October

Indian Stock Market may open Nagetive. But buying can be seen at lower levels so again high volatility expected through-out the day today.

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

PRAJ INDUSTRIES (84)
Buy Above 85.65 Target 89.55, 95.00
Sell Below 82.20 Target 78.35, 73.00
DCB (30)
Buy Above 30.55 Target 32.70, 36.00
Sell Below 28.70 Target 27.15, 25.00
TATA STEEL (305)
Buy Above 307.25 Target 314.55, 324.00
Sell Below 301.40 Target 295.25, 286.00
HCL TECH (161)
Buy Above 162.80 Target 168.40, 175.00
Sell Below 159.40 Target 155.15, 150.00
SAIL (107)
Buy Above 108.40 Target 111.25, 115.00
Sell Below 105.40 Target 102.30, 98.00
NALCO (346)
Buy Above 348.60 Target 354.75, 365.00
Sell Below 343.40 Target 337.10, 330.00

Others For Intraday: Bank of Baroda, South Indian Bank (Multibagger), Union bank, Canara Bank.

GOOD LUCK.

Intraday Trading Calls for 14th October

Indian Stock Market may open positive with gap up. But Profit booking can be seen at every rise so high volatility expected through-out the day today.

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

INDIABULLS (86)
Buy Above 87.80 Target 92.55, 100.0
Sell Below 84.50 Target 81.35, 76.00
UNITECH (91)
Buy Above 92.75 Target 98.45, 105.00
Sell Below 89.60 Target 85.15, 81.00
ORBIT CORP. (100)
Buy Above 101.60 Target 106.75, 114.00
Sell Below 98.40 Target 94.25, 90.00
HCL TECH (170)
Buy Above 171.80 Target 177.40, 184.00
Sell Below 168.20 Target 164.15, 160.00
ZEE ENTERTAINMENT (155)
Buy Above 157.20 Target 162.05, 170.00
Sell Below 153.40 Target 148.30, 143.00
YES BANK (79)
Buy Above 80.60 Target 86.45, 92.00
Sell Below 77.40 Target 73.10, 68.00

Others For Intraday: VOLTAS, IBREALEST, DLF, JAIPRAKASH ASSOCIATES.

GOOD LUCK.