Gardener trims hedges, bulls and bears sit on swing

Stocks in News:

- Bajaj Auto will lead the three-way global alliance with Renault-Nissan for the US$3,000 small car project.

- Reliance Retail launches its first wellness store in Hyderabad.

- Genpact beats Firstsource to bag Citigroups’ captive BPO operations.

- Goldman Sachs and Macquarie to buy 40% equity in PTC Financial Services, the investment arm of PTC India.

- Hindujas plan to sell 10% of its equity holding in Ennore Foundries.

- GMR Infra to bid for airport projects in East Europe.

- Wockhardt to launch Asia’s first recombinant human insulin- Wosulin in US and Europe.

- RPG group plans for a major restructuring and reorientation of operations with Rs150bn infusion.

- NTPC plans to acquire overseas coal mines to meet demand.

- GAIL plans to foray into gas pipeline construction business.

- Gujarat State Fertilizers and Chemicals has set a capex of Rs5bn.

- BEML has bagged Rs11.4bn contract from Delhi Metro Rail Corporation.

- Government set to ask companies to issue shares to foreign investors within a fixed period.

- DoT unlikely to allocate 1900MHz in 3G play to CDMA players in the near term.

- Government seeks 50% cut in bound rates on industrial goods.

- The Group of Ministers have finalized the proposed Rs7.3bn crop insurance scheme for tea, rubber, tobacco and spices.

- Planning Commission proposes to set up a National Electricity fund to enable generate resources for improving the power distribution network in the country.

- The Model Production Sharing Contract has incorporated the Empowered Group of Ministers (EGom) recommendation on gas pricing in its seventh round of the NELP.

Kalpesh Patel

October opportunity, buy for next Diwali ...

Worries galore for bulls!

Intra-day Stock Ideas
Considering the uncertainty and confusion surrounding the whole P-Note issue and given the subsequent volatility in the market, we refrain from giving intra-day trading calls for the time being. We will continue to monitor the situation and shall take a call on resuming the service accordingly. Please bear with us.

CALLS FOR LONG TERM HOLD UPTO ONE YEAR
October opportunity, buy for next Diwali ...

BUY REL AT RS.1200-1350
TARGER 1800

BUY LT AT 2800-3050
TARGET 3800

BUY RELCAPITAL AT 1490-1525
TARGET 2000

BUY RELIANCE AT 2390-2450
TARGET 3100

BUY RPL AT 159-163
TARGER 210

Thanks & Regards.
Happy Diwali....to Honrable FM