Intraday Trading Calls for 15th June

Stock Market India may open flat to negative but recovery expected from lower levels and 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	160.25	164.75	170.00
	Sell Below	158.15	154.30	150.00
SESA GOA	Buy Above	204.25	209.35	215.00
	Sell Below	201.40	196.45	190.00
REL POWER	Buy Above	194.10	199.20	205.00
	Sell Below	191.40	187.35	183.00
ROLTA INDIA	Buy Above	141.65	146.80	152.00
	Sell Below	139.20	135.45	130.00
IGL	Buy Above	148.60	153.25	158.00
	Sell Below	146.35	142.55	138.00
TATA STEEL	Buy Above	458.75	470.10	485.00
	Sell Below	452.40	440.15	425.00
NAGARJUNA CONSTRUCTION	Buy Above	136.25	141.20	148.00
	Sell Below	134.10	130.05	125.00

Short to Med Term Delivery Buy:

Buy Graphite India (509488) CMP Rs. 43/- Short to Med Term Target Rs. 60/-.

GOOD LUCK

Stock Idea: Noida Toll Bridge

Warren Buffet has stated that toll bridge companies are always a good stock to hold in one’s portfolio as every time a car passes through, the company earns money and be it recession or boom times, people do travel within the city. So toll bridge companies are always assured of returns, as population always goes up and number of cars plying also only goes up.

Noida Toll Bridge is one such company, probably the only listed toll bridge stock on the BSE. The entire bridge was opened up, even the second phase of Mayur Vihar Project on 19th Jan 2008 and since then, the company has been doing well. It ended 31st March 2009 with a 19% rise in net sales at Rs.79.83 crore. Operating and maintenance costs continue to remain high, infact have gone up in FY09 to Rs.3.48 crore from Rs.1 crore in FY08. The staff costs have also gone up from Rs.6.64 crore to Rs.10.31 crore. The company ended the year with a net profit of Rs.33.53 crore, up 20%. The good part is that the company has always managed to have a consistently good profit margin. For FY09, on an average, its OPM was over 74% and NPM was over 39%.

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, valued at around Rs.1000 crore. The company is awaiting permissions to start development. Once that happens, this land bank will be its milch cow.

Source: www.premiuminvestments.in (S P Tulsian)

Intraday Trading Calls for 12th June

Stock Market India may open positive and remains good positive 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	158.75	163.55	170.00
	Sell Below	156.15	152.55	148.00
SESA GOA	Buy Above	193.60	198.45	205.00
	Sell Below	190.40	185.75	181.00
REL POWER	Buy Above	194.10	199.20	205.00
	Sell Below	191.40	187.35	183.00
ROLTA INDIA	Buy Above	140.55	145.10	150.00
	Sell Below	137.60	132.65	128.00
TATA ELXSI	Buy Above	155.60	161.55	168.00
	Sell Below	152.70	148.40	142.00
TATA STEEL	Buy Above	455.75	465.10	480.00
	Sell Below	448.40	437.55	425.00
GDL (532622)	Buy Above	102.60	107.55	112.00
	Sell Below	99.50	95.60	91.00

Buy Venus Remedies (526953) CMP Rs. 226/- Very Short Term Target Rs. 300/-.

GOOD LUCK

Intraday Trading Calls for 11th June

Stock Market India may open positive but some profit booking expected at mid session and markets may close flat 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	163.70	167.55	172.00
	Sell Below	161.20	157.45	152.00
SESA GOA	Buy Above	181.55	186.75	192.00
	Sell Below	179.40	175.20	170.00
REL POWER	Buy Above	188.20	193.25	198.00
	Sell Below	184.70	180.10	175.00
APTECH LTD.	Buy Above	201.25	208.70	215.00
	Sell Below	197.35	192.45	185.00
TATA ELXSI	Buy Above	155.10	161.55	168.00
	Sell Below	152.30	148.40	142.00
MOSER BAER	Buy Above	108.75	113.60	118.00
	Sell Below	106.15	102.45	96.00
SELAN EXPLO	Buy Above	224.25	232.70	240.00
	Sell Below	220.05	214.55	208.00

Also Keep an eye on MRPL, Chennai Petro, Shiv-vani Oil & Videocon Industries For Intraday.

GOOD LUCK

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 had not been good and that has probably affected the overall performance for the year ended 31st March 2009. But its performance for the fourth quarter of FY09 was good, with improved OPM and NPM on a QoQ basis.

For FY09, IGL registered a turnover of Rs 857.12 crore, posting a sales value growth of 21%.The company reported a 1.14% decline in net profit at Rs.172.47 crore. The biggest impact was on account of the demand of Rs 17.50 crore received from supplier of natural gas for excess drawl of gas for July-December 2008. OPM was down from 45.82% to 38.07% and NPM was down from 24.71% to 20.12%.

The company has signed up for a gas requirement of 0.2 million metric standard cubic metres a day (mmscmd) with GAIL and BPCL. It will also get 0.3 mmscmd of gas from Reliance Industries’ K-G basin.

Over the next 12 months, IGL plans to spend Rs.1600 crore to expand its retail network to 240 retail outlets before the commencement of the Commonwealth Games in October 2010. It has been allotted land for 18 outlets and more are in the process of being allotted. We have been allotted land for 18 outlets and more are in the process of being allotted. The company plans to add 50,000 new PNG connections in the current financial year and take the total PNG connections to 300,000 by 2012.

With 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.

Source: www.premiuminvestments.in

Intraday Trading Calls for 09th June

Stock Market India may open Negative but some recovery expected at mid-session and remains flat with high volatility 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	160.70	165.10	170.00
	Sell Below	158.35	155.10	151.00
IRB INFRA	Buy Above	133.60	138.25	144.00
	Sell Below	131.05	127.40	122.00
REL POWER	Buy Above	179.55	184.55	190.00
	Sell Below	177.25	173.45	168.00
IOC	Buy Above	582.80	595.55	615.00
	Sell Below	574.55	565.15	555.00
DISH TV	Buy Above	45.25	47.40	50.00
	Sell Below	44.10	42.55	40.00
MOSER BAER	Buy Above	103.70	108.55	115.00
	Sell Below	100.15	96.45	91.00
PATNI COMPUTER	Buy Above	213.60	220.25	228.00
	Sell Below	209.40	203.45	195.00

Buy Diamond Cable (522163) CMP Rs. 180/- Short Term Target Rs. 225/-.

GOOD LUCK

Corporate News

Supreme Court dismissed the Mukesh Ambani-promoted Mumbai SEZ plea for staying the land acquisition process for its project in Raigad, Maharashtra.(BL)

Citigroup to raise fresh capital via sale of its 11.73% stake in HDFC. (ET)

ONGC to invest $350m more in Cairn India oilfields.(FE)

Tax issue may delay Cairn India's crude oil output from Barmer in Rajasthan.(BL)

Reliance Communications intends to raise funds from qualified institutional investors either through a share sale or an issue of financial instruments.(BL)

Infosys plans to open a software development and back office centre in Brazil. (ET)

Tech Mahindra extends open offer date for Satyam shares.(FE)

BPCL open to Oman Oil hiking stake in Bina refinery.(BL)

Jain Irrigation has bagged a World Bank project worth Rs778mn for execution this year.(BL)

NTPC is currently working on various new projects which will together add a new capacity of 18,000MW.(FE)

NTPC has lined up funding of nearly Rs220bn from Power
Finance
Corporation, LIC, domestic banks and financial institutions to finance its capital expenditure for the current fiscal. (ET)

Akruti
City plans to raise up to US$500mn through the qualified institutional placement route. (ET)

Michelin sells 3.3% stake in Apollo
Tyres for around Rs450-500mn in the open market. (ET)

Apollo Group plans to invest Rs1.5bn in Hyderabad to fund its expansion plans. (ET)

REI
Agro plans to raise US$150mn through fresh issuance of shares. (ET)

Apollo Hospitals Group has sealed a deal with International Finance Corporation for a funding of $50mn.(BL)

Tamil Nadu government gives approval to the Toshiba-JSW JV for setting up a supercritical power equipment manufacturing facility near Chennai. (BS)

Twelve financial institutions sanction ~Rs16bn to Reliance Power to part-finance the first phase of a 600MW Group Captive Power Project (GCPP) at Butibori in Maharashtra. (ET)

GMR Infrastructure is readying a capital expenditure of Rs70bn for this fiscal to fund its existing and new projects.(DNA)

JSW Steel reported a growth of 33% in crude steel production for May 2009 as compared with the year-ago period.(FE)

Siemens plans to open a factory in Aurangabad this fiscal to produce industrial goods for the transportation sector.(BL)

JSW
Steel and Jindal
Steel
and
Power are considering increasing prices of their products following the firming global cues and the improvement in domestic demand. (BS)

Reliance Life Insurance to enter the capital market to mop up Rs15-20bn through an IPO. (BS)

3i
Infotech to set up wholly owned business process outsourcing subsidiary. (BS)

Wockhardt to sell hospitals to raise Rs10bn.(FE)

Suzlon completes buy of Martifier's stake in REpower.(BL)

Tata Steel's India operations show a 23% yoy increase in production of saleable steel in May.(FE)

Power Grid plans Rs50bn bond issues this fiscal.(DNA)

BSNL invited bids afresh from private players to roll out WiMax services on a franchisee basis.(BL)

Vedanta Aluminium believed to be in talks with banks, including SBI, to raise Rs 100bn debt to part fund its Orissa project.(TOI)

Areva, the world's biggest maker of atomic reactors, has offered India stakes in African uranium mines to ensure supplies for fuel starved plants.(TOI)

Aban Offshore seeks Rs140bn debt recast.(TOI)

Finance Ministry has appointed Dr K.C Chakrabarty, CMD of Punjab National Bank, as a Deputy Governor of the Reserve Bank of India.(BL)

Indraprastha Gas plans to invest Rs16bn to expand its retail outlets and PNG network in and around the metropolis. (BS)

Wipro plans to expand its Eco-eye programme which works for the cause of ecological sustainability. (BS)

Cairn India is anticipating over 1.3mn tonnes of crude oil production from the Ravva field in the KG-basin during the current financial year. (BS)

Government plans to list only two stateowned companies, Oil India and NHPC this financial year through IPOs. (ET)

Source: indiainfoline.com