Stock Idea: Indraprastha Gas Limited (IGL)

Indraprastha Gas Limited (IGL) is India’s biggest gas distributor, owned by the state-run GAIL and Bharat Petroleum. It supplies compressed and piped natural gas for Delhi and its outskirts. Its results for the third quarter ended 31st Dec 2008 has not been good.

At the behest of the Govt, in April, the company had to put its expansion plans on hold. The company had planned to increase the number of CNG dispensing stations to 200 by 2010 from 166 now, and was expecting to supply the gas to 300,000 vehicles and the same number of homes. This has had a negative impact on the future plans of the company.

IGL registered a turnover of Rs 247.56 crore, posting a sales value growth of 18%.The company reported a 15% decline in net profit for the third quarter of the current fiscal at Rs.38.30 crore. The biggest impact was on account of the demand of Rs 17.50 crore received from supplier of natural gas for excess draw of gas for July-December 2008. Though the company has disputed this demand, it has thought it prudent to provide for this in the Q3 quarter.
Over the next two years, IGL plans to spend Rs.500 crore to expand its retail network with the addition of 50 new outlets. It is also ramping up the gas compressing capacity of its existing outlets by 40-50%, to 2.8 million kg of gas per day.
Given the importance given today to environmental friendly companies and priority to petrol/diesel substitutes which are clean, IGL is poised to do well. Being an already established player, it also has the advantage of being amongst the first entrants.

Sptulsian.com

Intraday Trading Calls for 02nd March

Stock Market India may open Negative with gap down but a small recovery expected from lower levels. A Negative closing expected today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
CAIRN INDIA	Buy Above	167.80	172.15	177.00
	Sell Below	165.40	162.15	158.00
VIDEOCON INDUSTRIES	Buy Above	87.50	92.45	98.00
	Sell Below	85.10	82.15	78.00
REL CAPITAL	Buy Above	355.70	363.15	372.00
	Sell Below	349.70	345.15	340.00
BANK OF BARODA	Buy Above	222.60	227.80	234.00
	Sell Below	218.35	213.45	208.00
RCOM	Buy Above	157.60	161.55	166.00
	Sell Below	154.20	151.15	147.00
IVRCL INFRA	Buy Above	110.10	114.50	120.00
	Sell Below	107.40	103.25	100.00
TATA STEEL	Buy Above	173.75	178.45	184.00
	Sell Below	170.25	166.45	160.00

GOOD LUCK

Intraday Trading Calls for 27th February

Stock Market India may open flat to positive but very high volatility continuous in today's trading. A Positive closing expected today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
CAIRN INDIA	Buy Above	163.60	168.10	172.00
	Sell Below	160.50	157.25	154.00
ICICI BANK	Buy Above	327.65	334.15	342.00
	Sell Below	321.25	315.45	310.00
REL CAPITAL	Buy Above	370.10	378.45	390.00
	Sell Below	362.40	355.45	348.00
AXIS BANK	Buy Above	350.10	357.55	362.00
	Sell Below	342.70	336.15	330.0
RCOM	Buy Above	160.20	164.75	170.00
	Sell Below	157.40	154.25	150.00
SUN PHARMA ADVANCED	Buy Above	49.55	53.10	56.00
	Sell Below	48.10	46.15	43.00
BHUSHAN STEEL	Buy Above	313.60	320.15	328.00
	Sell Below	307.40	300.45	295.00

Keep an eye on Fertilizers Stocks today like Nagarjuna, Chambal, National, GSFC, GNFC etc.

GOOD LUCK

Intraday Trading Calls for 26th February

Stock Market India may open positive but very high volatility continuous in today's trading. A Positive closing expected today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
ICSA 531524	Buy Above	78.80	82.45	86.00
	Sell Below	76.20	73.15	70.00
BATA INDIA	Buy Above	80.60	83.75	88.00
	Sell Below	78.70	75.15	72.00
REL CAPITAL	Buy Above	384.75	392.55	400.00
	Sell Below	377.40	372.15	365.00
VIDEOCON INDUSTRIES	Buy Above	87.75	92.45	98.00
	Sell Below	85.40	82.35	78.00
RCOM	Buy Above	156.20	161.45	168.00
	Sell Below	152.70	147.25	142.00
HDIL	Buy Above	76.25	79.60	84.00
	Sell Below	74.20	71.25	68.00
INDIABULLS REALEST	Buy Above	93.80	97.55	102.00
	Sell Below	91.45	88.15	84.00

Keep an eye on Oil exploration Stocks like Cairn India, Hind Oil Exploration, Alphageo, Asian Oilfield, Shiv-vani Oil, Selan Exploration etc. as crude oil trading higher at $ 42.

Short to Med. Term Delivery Buy:

MIC ELECTRONICS (532850) CMP Rs. 19/- Target Rs. 25-28/-

GOOD LUCK

Intraday Trading Calls for 25th February

Stock Market India may open positive but very high volatility continuous in today's trading. A Positive closing expected today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
ICSA 531524	Buy Above	74.60	78.20	82.00
	Sell Below	72.70	69.25	66.00
AREVA T&d	Buy Above	170.50	175.35	180.00
	Sell Below	167.50	163.15	158.00
BGR ENERGY	Buy Above	139.60	144.15	150.00
	Sell Below	137.15	134.20	130.00
GMR INFRA	Buy Above	77.25	80.10	83.00
	Sell Below	75.80	73.45	70.00
BARTRONICS	Buy Above	76.70	81.25	85.00
	Sell Below	74.25	71.35	68.00
POWER GRID	Buy Above	92.25	95.45	98.00
	Sell Below	90.45	87.50	84.00
BANK OF BARODA	Buy Above	218.70	224.25	230.00
	Sell Below	214.60	210.45	205.00

Keep an eye on Compact Disk (526141) CMP Rs. 34.60/-

GOOD LUCK

Intraday Trading Calls for 24th February

Stock Market India may open negative but very high volatility can be seen in today's trading. A negative closing expected.

Today's Intraday Trading Calls / Stock Tips (Keep strict Stop Loss for Each Trade):

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
HIND OIL EXPLO	Buy Above	57.75	60.10	63.00
	Sell Below	56.10	54.15	52.00
AREVA T&D	Buy Above	183.60	188.10	192.00
	Sell Below	179.40	175.50	171.00
G E SHIPPING	Buy Above	173.75	178.40	182.00
	Sell Below	170.15	167.05	164.00
HUL	Buy Above	250.70	254.35	258.00
	Sell Below	247.50	243.15	240.00
BRFL	Buy Above	94.20	97.45	101.00
	Sell Below	91.70	88.45	85.00
TECH MAHINDRA	Buy Above	270.10	274.65	280.00
	Sell Below	267.40	263.15	258.00
CAIRN INDIA	Buy Above	153.25	156.45	160.00
	Sell Below	150.70	148.10	145.00

Keep an eye on Compact Disk (526141) CMP Rs. 35.60/-

GOOD LUCK

Stock Ideas:

CCCL (Rs.122.00) (Code: 532902) :- The South based company Consolidation Construction Consortium is active in the field of realty and infrastructure. Company has order book of Rs. 3650 crores on hand. Even after reduction in margin income of the company has gone up during last two quarters. On the other hand sales of the company improved by 22 per cent during Q2 ended in September, 2008. Sale of the company has also moved up, during Q3 ended in December, 2008, by 30 per cent. Stock trades in the market at five times of the estimated income of the company by the end of current FY. Investment in the company is considered as best investment in comparison to other competitor companies in the sector. Company has monopoly in his sector of work. Considering the delivering quality of the company and its reputation investment in the scrip may be an attractive option. It could prove to be a best investment for long term.
IDFC (Rs.54.00) (Code: 532659) :-The leading company of India provides services for infrastructure sector. Development of the company is completely dependent up on the development of domestic sector. Company is likely to be a one of the fast developing company as companies from the sectors of energy, transportation and telecom sector. Company has even entered in the segment of Asset Management Company (AMC) with acquisition of mutual fund business of Standard Chartered. Stock price has seen upward revision during last few sessions. ICICI has recommended investment in the scrip with target price of Rs. 90.
Bartronics (Rs.74.00) (Code: 532694) :- Company has received order from Delhi Municipal Corporation for 2000 Kiosks, which has resulted in to improvement in stock price. Company is expecting income of Rs. 5000 crores from the project in 9 months period. On the other hand company has also bagged an order of RFDI supply order from Singapore government. Company is likely to get some orders from banking industry in connection with visa master certification. Stock trades in current market at 7 times of the income of 2008. Invest in the scrip at every dip in the price.

PFC (Rs.137.00) (Code: 532810) :- Company is providing finance in power sector. It is a leading finance company from the power sector and it is likely to earn good benefit from the rising demand for power. Investment on the counter is likely to benefit investors. Loan portfolio of the company shows stable growth is likely to lead to good growth of the company. Company is likely to earn net profit of Rs. 1447 crores from gross income of Rs. 2169 crores during 2009-10, which will result in to EPS of Rs. 12.58. Stock trades in current market at 1.36 times of estimated book value of the scrip during FY 2009-10. The stock with PE ratio of 10.88 is expected to provide 18 per cent return to the investors.
KEC International (Rs.136.00) (Code: 532714) :- The company from RPG group is active in the segment like power transmission, engineering and construction business. Company has recently bagged an order of Rs. 67 crores from Power Grid Corporation and Rs. 255 crores from rural electrification project from WB based company. Company has also bagged orders from AP government for turn key transmission projects. Company has earned net profit of Rs. 24.97 crores from the gross income of Rs. 886.31 crores during Q3 ended in December, 2008. Company is expected to announce very sound financial result by the end of FY 2008-09. Investors should hold their investment in the scrip.

Source: Internet (SmartInvestment)