Buy & Hold Educomp
with stop loss of Rs 618
with a target of Rs 642
Friday, July 16, 2010
European markets update: FTSE Index and CAC Index up 0.4% and DAX Index up 0.3%
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BUY ACC July futs at Rs810 with SL of Rs799 for a target of Rs832
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Results Today:
BASF India, Chambal Fertilizers, Honeywell Automation, Karuturi Global, Nava Bharat Ventures, Rallis India, Supreme Industries, VST Industries and Zydus Wellness.
Corporate Snippets
L&T wins the Rs121bn Hyderabad metro rail project. (ET)
SBI merger with State bank of Indore approved by cabinet. Swap ratio of 34:100. (ET)
Tata Steel plans to raise annual production capacity up to 50mn tonnes from the present 30mn tonnes. (ET)
IOC plans to acquire oilfields in Africa as part of a US$1bn overseas investment plan. (BS)
IOC, HPCL and BPCL are expected to post net losses of nearly Rs100bn for the first quarter, which are unlikely to be compensated by the government. (BL)
US district court rules in favour of Sun Pharma, dismisses all of Taros claims. (BL)
SBI merger with State bank of Indore approved by cabinet. Swap ratio of 34:100. (ET)
Tata Steel plans to raise annual production capacity up to 50mn tonnes from the present 30mn tonnes. (ET)
IOC plans to acquire oilfields in Africa as part of a US$1bn overseas investment plan. (BS)
IOC, HPCL and BPCL are expected to post net losses of nearly Rs100bn for the first quarter, which are unlikely to be compensated by the government. (BL)
US district court rules in favour of Sun Pharma, dismisses all of Taros claims. (BL)
Thursday, July 15, 2010
European markets update: FTSE Index down 0.5%, CAC Index down 0.7% and CAC Index down 0.6%
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Tata Comm signs agreement with Google to manage services
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US district court rules in favour of Sun Pharma, dismisses all of Taros claims
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BANG ON TARGET
Results Today:
Axis Bank, Castrol India, Colgate-Palmolive, IL&FS Investment Managers, LIC Housing, Polaris, TCS, Uflex, UTV Software and Zensar Tech.
Corporate Snippets
L&T bags Rs121.3bn Hyderabad metro project. (BS)
RIL has approached the Competition Commission against the government-controlled OMCs with a complaint of cartelisation and undercutting on prices for ATF in a tender floated by Nacil. (ET)
Bajaj Auto may issue bonus shares. (BS)
Tata Steel plans to raise about Rs16bn via a preferential allotment of shares and warrants to Tata Sons. (BS)
ONGC plans to invest US$4.05bn in producing natural gas from its ultra deepsea UD-1 discovery. (BS)
Bharti Airtel to partner with existing players in Africa to share infrastructure to reduce operational costs for Zain. (BL)
RIL has approached the Competition Commission against the government-controlled OMCs with a complaint of cartelisation and undercutting on prices for ATF in a tender floated by Nacil. (ET)
Bajaj Auto may issue bonus shares. (BS)
Tata Steel plans to raise about Rs16bn via a preferential allotment of shares and warrants to Tata Sons. (BS)
ONGC plans to invest US$4.05bn in producing natural gas from its ultra deepsea UD-1 discovery. (BS)
Bharti Airtel to partner with existing players in Africa to share infrastructure to reduce operational costs for Zain. (BL)
Wednesday, July 14, 2010
INTRADAY CALL, = sure shot= BANG ON TARGET
BOOK PROFIT IN
SELL NIFTY at 5380
SELL NIFTY at 5380
TARGET ACHIVED
BOOK PROFIT
European markets update: FTSE Index up 0.2%, CAC Index and DAX Index up 0.3% each
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India Inflation rate was 10.55% in June
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BUY - TITAN, TATA MOTOR, and EDUCOMP & ABAN OFFSHORE on dips.
BUY - TITAN, TATA MOTOR,
and EDUCOMP & ABAN OFFSHORE
on dips.
Results Today:
HDFC, Infotech Enterprises, TTK Prestige, South Indian Bank, Stone India and ZF Steering.
Corporate Snippets
Reliance Industries is looking at yet another shale gas acquisition in North America, its third in three months. (BS)
NTPC has set the ball rolling to acquire coal mines or form JVs in Australia, Indonesia, Mozambique and South Africa. (BS)
The 4,000-Mw Kudagi Ultra Mega Power Plant proposed to be set up by the NTPC at Kudagi in Basavana Bagewadi taluk of Bijapur district, has run into rough weather with farmers opposing to accept land prices fixed by the state government. (BS)
Tata Steel’s plans to sell Corus’ Teesside Cast Products plant in the northeast of England suffered a setback as the consortium they were in talks with pulled out of the deal. (BS)
Tata Steel has increased its stake TRF by 2.1% through an open market acquisition of shares. (ET)
NTPC has set the ball rolling to acquire coal mines or form JVs in Australia, Indonesia, Mozambique and South Africa. (BS)
The 4,000-Mw Kudagi Ultra Mega Power Plant proposed to be set up by the NTPC at Kudagi in Basavana Bagewadi taluk of Bijapur district, has run into rough weather with farmers opposing to accept land prices fixed by the state government. (BS)
Tata Steel’s plans to sell Corus’ Teesside Cast Products plant in the northeast of England suffered a setback as the consortium they were in talks with pulled out of the deal. (BS)
Tata Steel has increased its stake TRF by 2.1% through an open market acquisition of shares. (ET)
Tuesday, July 13, 2010
European markets update: FTSE Index up 0.5%, CAC Index up 0.3% and DAX Index up 0.2%
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BUY EKC July Futs at Rs139 with SL of Rs135.50 for a target of Rs146
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Infosys Q1 net at Rs14.9bn, below our estimates and revenue at Rs62bn
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Corporate Snippets
Suzlon Energy has bagged orders worth ~Rs1.2bn from Malpani Group to setup, operate and maintain two new wind power projects in Karnataka and Maharashtra. (ET)
Tata Chemicals has received the approval of shareholders to raise Rs4bn through issue of 11.5mn shares on a preferential basis to promoter Tata Sons. (BL)
Titagarh Wagons will invest €15mn to buy French rail wagon maker IGF Industries-Arbel Fauvet Rail, its first overseas buy as it looks to tap new markets. (ET)
GMR Infrastructure has sought shareholders’ approval to raise Rs50bn through various instruments to fund expansion and capex plans. (ET)
Tata Chemicals has received the approval of shareholders to raise Rs4bn through issue of 11.5mn shares on a preferential basis to promoter Tata Sons. (BL)
Titagarh Wagons will invest €15mn to buy French rail wagon maker IGF Industries-Arbel Fauvet Rail, its first overseas buy as it looks to tap new markets. (ET)
GMR Infrastructure has sought shareholders’ approval to raise Rs50bn through various instruments to fund expansion and capex plans. (ET)
Monday, July 12, 2010
European markets update: FTSE Index,up0.26 CAC Index up 0.35% each and DAX Index up 0.27%
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Sell BHARTI AIRTEL & SCI for intraday / book long
MARKET ON HIGH
BOOK PROFIT
WHERE AND WHEN
APPLICABLE
SIT ON CASH
BEST DEAL
India May Industrial production (IIP) increased 11.5% from year ago
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BUY Rolta July Futs at Rs182 with SL of Rs179 for Target of Rs188
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Short term delivery call:
Our Technical call:
Buy and hold
Finolex Cables at Rs57
for delivery
target of Rs68
FIIs were net buyers of Rs11bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were also net buyers of Rs387.2mn. In the F&O segment, they were net buyers at Rs16.33bn. On Thursday, the FIIs were net buyers of Rs11.9bn in the cash segment. Mutual Funds were net buyers at Rs14mn in the cash segment on the same day.
Corporate Snippets
GVK to invest Rs10bn in Bangalore airport expansion. (BL)
NMDC may make a downward revision of ore prices for the October-December quarter, going by the present trends in the global market. (BL)
Bharti Airtel will invest US$150mn in Kenya to help boost network and capacity distribution. (FE)
Reliance Industries raises US$1bn to fund projects. (ET)
PowerGrid Corporation invites bids from banks to manage a 20% stake sale, in order to raise more than Rs75bn and comply with the new listing rules. (ET)
United Bank of India puts a ceiling on its lending rates at 14.25% a year. (ET)
NMDC may make a downward revision of ore prices for the October-December quarter, going by the present trends in the global market. (BL)
Bharti Airtel will invest US$150mn in Kenya to help boost network and capacity distribution. (FE)
Reliance Industries raises US$1bn to fund projects. (ET)
PowerGrid Corporation invites bids from banks to manage a 20% stake sale, in order to raise more than Rs75bn and comply with the new listing rules. (ET)
United Bank of India puts a ceiling on its lending rates at 14.25% a year. (ET)
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