Intraday Trading Calls for 03rd June

Stock Market India may open flat to positive and remains very volatile for the day today.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	174.25	178.55	184.00
	Sell Below	172.10	168.35	162.00
MOSER BAER	Buy Above	109.60	115.55	122.00
	Sell Below	106.70	101.65	96.00
IGL (532514)	Buy Above	135.80	141.75	148.00
	Sell Below	133.40	129.45	125.00
ROYALORCHID HOTELS	Buy Above	72.10	76.05	80.00
	Sell Below	70.05	67.45	64.00
VENUS REME (526953)	Buy Above	246.55	253.75	262.00
	Sell Below	243.15	238.45	230.00
KALE CONSULTANT	Buy Above	51.80	55.75	60.00
	Sell Below	49.50	47.10	44.00
SESA GOA	Buy Above	170.60	175.10	180.00
	Sell Below	168.20	164.35	160.00

Short to Medium Term Delivery Buy:

Buy Indraprasth Gas Ltd. (IGL) (532514) CMP Rs. 135/- Short Term Target Rs. 170-185/-.

GOOD LUCK

Intraday Trading Calls for 02nd June

Stock Market India may open positive but some profit booking expected at mid-session. A positive closing expected.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	176.20	181.35	186.00
	Sell Below	174.35	170.15	165.00
MOSER BAER	Buy Above	101.70	108.20	115.00
	Sell Below	99.40	95.35	90.00
IRB INFRA	Buy Above	151.20	156.45	162.00
	Sell Below	148.60	144.35	139.00
PSL LTD. (526801)	Buy Above	143.25	148.10	154.00
	Sell Below	141.35	137.45	132.00
VENUS REME (526953)	Buy Above	230.10	237.45	245.00
	Sell Below	226.40	220.10	214.00
REL POWER	Buy Above	183.75	188.10	192.00
	Sell Below	181.40	176.65	172.00
SESA GOA	Buy Above	170.60	175.10	180.00
	Sell Below	168.20	164.35	160.00

Keep an eye on Indowind Energy (532894) it can touch UC today again.

And Dish TV (532839) CMP Rs. 51/- It can make new highs.

GOOD LUCK

Multibagger: Temptation Foods Ltd

Temptation Foods Ltd.: For delicious gains
By Devdas Mogili
Temptation Foods Ltd. (TFL) is an 18-year old Mumbai based company established in 1991. It processes a variety of vegetables and fruits for the Indian markets and also exports them to some of the biggest brands in USA, UK, Europe and the Middle East. The company has one of the largest product ranges covering over 50 different types of Individually Quick Freeze (IQF) vegetables and fruits. It has 6 plants located at Sonepat, Karnal, Rudrapur, Kashipur (2 plants) in North India and Jejuri in Maharashtra. Mr. Vinit Kumar is the chairman of the company. TFL has the capacity to process, pack and IQF over 60,000 TPA of vegetables and fruits. It has an installed capacity of above 30,000 tonnes (including IQF, Blast and Plate capacities), which makes TFL the largest company with such facilities in India. Further, its own in-plant cold stores have a combined capacity of over 5,400 MT, which again make it one of the largest cold stores in India. The company procures fresh fruits and vegetables primarily from the Terai region in North India and the Agriculture Produce Market Committee (APMC) of Mumbai and Pune. All its plants are strategically located in the heart of the agricultural heartlands. TFL processes the vegetables and fruits and freezes them through the highly effective IQF technology at the plants.
The company’s revenue is principally derived from the international demand for frozen fruits and vegetables. The company also forayed into the marine food business with the acquisition of the ‘Everfresh’ and ‘Karen Anand’ brands. has now entered the domestic processed food industry with the aim of becoming a dominant player in this sector. Brands: It acquired the ‘Everfresh’ brand of frozen fruits and vegetables from the K. K. Birla Group in November 2007.
also acquired the ‘Karen Anand’ range of gourmet products and produces them at its plant in Jejuri near Pune in Maharashtra. TFL also services some of its institutional clients under the brand name of ‘Delika’. Clientele: TIL’s clientele includes Taj SATS, Ambassador, Oberoi and Dinshaws, and retail chains like Metro, Shoprite, Big Apple, Spencers, Reliance Fresh, Spinach and Food Bazar. Performance: For FY09, its sales rose by 165.22% to Rs.870.07 cr. against Rs.328.05 cr. in FY08 and net profit rose 121.34% to Rs.52.70 cr. in FY09 as against Rs.23.81 cr. in FY08. It posted an impressive EPS of Rs.20.96 for FY09.

Latest Quarterly Results: Sales declined 11.46% to Rs.225.23 cr. in Q4FY09 as against Rs.254.37 cr. in Q4FY08. However, net profit s rose 17% to Rs.15.34 cr. in Q4FY09 as against Rs.13.11 cr. in Q4FY08 and it notched up an EPS of Rs.6.10 for the quarter. Financials: The company has an equity base of Rs.25.14 cr. with a book value of Rs.93.02. It is a zero debt company with RoCE of 27.06% and RoNW of 23.32%.
Share Profile: TFL’s share with a face value of Rs.10 is listed and traded on the BSE under the B group. Its share price touched a 52-week high/low of Rs.350/18.85. At its current market price of Rs.40, it has a market capitalisation of Rs.92 cr.
Dividends: In view of its aggressive growth plans and with a view to conserve resources, the company has not declared any dividend.
Shareholding Pattern: The promoter holding in the company is 18.19% while the balance 81.81% is held by non corporate promoters, institutions, foreign holdings and the Indian public.
Prospects: With a population of 1.08 billion, India is growing at approximately 1.6% per annum. The domestic market is a large and growing market for food products as it is still the single largest component of private consumption expenditure accounting for as much as 53% of the total expenditure of Indian households. The Indian retail revolution is witnessing high growth with the growing number of modern retail stores and the larger freezer space in them. Consumer lifestyles are also changing with the increasing need for convenience and hygiene. All this will grow the latent demand for frozen and convenience foods. Further, processing enhances the shelf life of agricultural produce and thus reduces wastage. The role of food processing, therefore, becomes critical since agricultural production is targeted to double in the next 10 years.
Conclusion: TFL is an existing and profit-making company with good brands and clientele. It is one of the largest organized, listed player in its domain. At its current market price of Rs.40, the share is discounted less than 3 times its FY09 earnings of around Rs.21. Considering its aggressive growth plans, impressive performance, zero debt status, hefty book value of Rs.93, makes TFL a tempting investment opportunity for delicious gains in the medium-to-long-term. The share is quoting 50% below its book value of Rs.93, which indicates a good margin of safety for investors.

Source: moneytimes

Corporate News

Maruti Suzuki's car sales in the domestic market increased 8-10% in May 2009. (ET)

Multiplexes resolution is expected before June 12. (BS)

M&M to undertake major revamps of its tractor business. (ET)

Bharti Wal-Mart, the JV between two companies to invest over US$100mn in setting up 15 more such outlets in the next three-four years. (BS)

Coal India to sign an agreement with NTPC for setting up a 4,000-MW pithead power plant at Brahmani block near Rajmahal in Jharkhand. (ET)

IOC, BPCL and HPCL raised the ATF price by an average of Rs108/kl. (BS)

Tata
Steel UK lenders agreed to reset the terms and conditions for a £3.7bn loan that was taken at the time of the acquisition of Corus. (ET)

Wockhardt in talks with a number of multinational Pharma companies including Eli Lilly, Roche, Sandoz, Pfizer and Sanofi-Aventis to find a strategic partner for its biosimilar business. (ET)

Jet
Airways freezes fleet expansion for now and put off aircraft deliveries for two years. (ET)

Real estate developers may spring up more than a hundred malls spread over 30mn sq ft in the country by end-2010. (DNA)

PNB plans to expand its branch network by 10% in 2009-10. (DNA)

Unitech plans to repay about Rs20bn of its debt and bring it below Rs60bn level by the end of this fiscal. (DNA)

Axiata Group may increase its stake in Idea
Cellular through a hostile open offer. (DNA)

Tata
Motors plans to lower capital expenditure committed earlier and reduce exposure to vehicle financing. (DNA)

NTPC is looking at acquiring coal assets in Mozambique and Indonesia.

GMR International, wholly-owned subsidiary of GMR Infrastructure, signed an agreement with InterGen NV to acquire 100% ownership stake in Island Power Singapore. (BS)

The board of Bharati Shipyard decides to make an open offer for Great Offshore. (ET)

The government at the Centre plans to raise Rs100bn through stake sales in state-owned units over the next one year. (ET)

Indiabulls Real Estate decides to write off the entire investment in its retail arm. (ET)

SCI enters into an agreement with Geneva-based Mediterranean Shipping Company to run its European service. (BS)

Oman Oil Company to buy a 26% stake in the upcoming refinery at Bina for Rs12bn. (BS)

Aditya
Birla Retail, Bharti Enterprises, Reliance Retail, Trent, Mahindra Retail and others to open new stores spread over 5mn square feet. (BS)

Transformers
and
Rectifiers sets up a facility for manufacturing transformers at Moraiya in Ahmedabad with an investment of Rs1bn. (BS)

Orissa government recommends the prospecting license for Horomoto iron ore mines in favour of Jindal
Stainless, which is setting up a 1.6mn tonne per annum integrated stainless steel project at Kalinganagar in Jaipur. (BS)

Hindustan
Dorr
Oliver is likely to go in for a rights issue. (DNA)

IVRCL
Infrastructure to exit non-core operations and remain focused on water-related projects. (DNA)

Anant
Raj may raise Rs20bn via QIP route. (DNA)

Tata
Power Company plans to add 200 megawatts of capacity in the current fiscal year. (FE)

BOC
India not increasing its equity now and is also not considering delisting of its stock. (BL)

RBI to allow SBI to guarantee the recently-concluded Rs42bn non-convertible debenture issue by Tata Motors. (ET)

Mindtree plans to address the healthcare market for technology solutions. (ET)

MNC arms' delist plans may hit price wall. (ET)

Shopper Stop to invest Rs400mn to roll-out 3-4 stores in the current fiscal. (BS)

Tata Motors aims to sell 4,000 World Trucks in the current financial year. (BL)

Shriram Transport Finance Company is looking to invest Rs40bn for an acquisition. (BS)

SBI plans to add atleast 40mn new deposit customers from the rural area by FY11. (BL)

Source: indiainfoline.com

Intraday Trading Calls for 01st June

Stock Market India may open positive but some profit booking expected at mid-session. A positive closing expected.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	165.80	170.15	175.00
	Sell Below	163.40	159.55	155.00
SELAN EXPLO	Buy Above	204.75	210.15	216.00
	Sell Below	201.35	195.65	190.00
IRB INFRA	Buy Above	143.20	148.45	154.00
	Sell Below	140.60	136.15	131.00
CHOWGULE (501833)	Buy Above	42.10	44.70	48.00
	Sell Below	40.50	38.15	36.00
DEWAN HOUSING	Buy Above	132.60	137.20	142.00
	Sell Below	129.40	125.60	121.00
TATA STEEL	Buy Above	410.20	420.15	430.00
	Sell Below	401.45	393.55	385.00
SESA GOA	Buy Above	166.80	172.15	178.00
	Sell Below	164.20	159.45	155.00

Short to Med Term Delivery Buy:

Buy Temptation Food Ltd. (TFL) (519228) CMP Rs. 40/- Short to Med Term Target Rs. 75/-.

(It can be Multibagger in Long Term Target Rs. 150+)

GOOD LUCK

Corporate News

Petroleum consultant Gaffney, Cline & Associates has confirmed the presence of oil & gas in two offshore blocks in Reliance's KG basin-D3 and D9. (BL)

Suzlon Energy has successfully renegotiated financial covenants and amended key terms of the bank loan facilities it had taken for acquiring REpower Systems AG and Hansen Transmission. (BS)

Aditya Birla Group may not buy L&T stake in Ultratech Cement. (ET)

Tata Motors may have to infuse funds to bridge JLR pension gap. (ET)

R-Power in talks with Australian mining firm BHP Billiton and Rio Tinto for setting up a coal mining joint venture. (ET)

Tata Motors has concluded an agreement for amending its bridge loan, extending the final maturity of US$1bn by 18 months upto December 31st, 2010. (BL)

JSW Steel plans to raise US$1bn via QIP and a FCCB issue. (BS)

Datacom and Sistema Shyam Teleservices have short listed Wipro, Tech Mahindra and IBM for an IT outsourcing contract worth US$150mn each. (ET)

The 1,000MW NTPC-Simhadri Unit III will be ready by Nov 2010. (BS)

SAIL plans to nearly double it capital expenditure to Rs100bn in FY10. (BL)

Satyam may downsize overseas operations and terminate lease contracts. (BL)

Aditya Birla Group Company to set up 10mn tons captive port at Chudamani. (BS)

Novartis has revised the open-offer price for its shares to Rs450 from Rs351 to buy back an additional stake of up to 39%.(BS)

Finance Ministry mulls special audit of Satyam accounts. (FE)

US FDA to review Ranbaxy corrective plan. (FE)

Government to allow UBI, Dena Bank and Bank of Maharashtra to tap market to boost their capital base. (ET)

Dewan Housing Finance Corporation (DHFL) is planning to issue non-convertible debentures (NCDs) worth up to Rs10bn in July to meet its credit disbursal targets for the current financial year. (BS)

Spice Group is diversifying into financial services with plans to start businesses which will deal with asset reconstruction, remittances, over-the-counter exchange and fixed income products. (BS)

The consortium led by GMR Infrastructure Ltd has won the 181km Hyderabad-Vijayawada highway project to be executed on a BOT basis. (BL)

Coromandel Fertilisers Ltd has signed a JV with Soquimich European Holdings BV, Netherlands, a subsidiary of SQM, Chile, for setting up 15,000 tons water soluble fertilisers plant at Kakinada in Andhra Pradesh. (BL)

Siemens Ltd plans to invest Rs2.7bn to triple capacity of its steam turbine manufacturing facility in Vadodara, Gujarat. (BL)

Religare to acquire Maharashi Housing Development Finance Corporation to foray into home finance business. (ET)

Ericsson bags order worth US$500mn from Unitech Wireless to supply and manage all network equipments for its three telecom circles. (ET)

Source: Indiainfoline.com

Intraday Trading Calls for 29th May

Stock Market India may open flat to positive but remains flat. A positive closing expected.

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

SCRIP NAME	TRIGGER	PRICE	TARGET 1	TARGET 2
GMR INFRA	Buy Above	164.20	168.30	172.00
	Sell Below	161.70	158.40	155.00
HIND OIL EXPLO	Buy Above	137.60	142.25	148.00
	Sell Below	134.60	130.55	126.00
SELAN EXPLO	Buy Above	178.50	183.75	190.00
	Sell Below	175.35	171.55	167.00
REL POWER	Buy Above	180.75	184.65	190.00
	Sell Below	178.40	173.40	168.00
NAGARJUNA CONSTRUCT	Buy Above	127.20	131.60	136.00
	Sell Below	125.10	122.15	118.00
TATA STEEL	Buy Above	386.70	394.55	405.00
	Sell Below	379.40	371.55	362.00
SESA GOA	Buy Above	165.65	171.55	178.00
	Sell Below	163.40	159.45	155.00

Buy Selan Exploration (530075) CMP Rs. 177/- Very Short Term Target Rs. 225/-.

Keep an eye on DISH TV (532839) CMP Rs. 49/- for today.

GOOD LUCK