Friday, July 30, 2010
European markets update: FTSE Index down 0.4%, CAC Index down 0.3% and DAX Index down 0.2%
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BUY Hero honda Aug Futs at Rs1799 with SL of Rs 1774 for a target of Rs1852
BUY and HOLD
HERO HONDA
AUG FUTS at 1799
sl 1774
Target 1852
FIIs were net buyers of Rs5.78bn in the cash segment on Thursday (provisionally), according to the NSE web site. Local funds were net sellers of Rs9.2bn. In the F&O segment, they were net buyers of Rs20bn. On Wednesday, the FIIs were net buyers of Rs6.53bn in the cash segment. Mutual Funds were net sellers at Rs5.78bn on the same day.
Results Today:
ABB, Aditya Birla Nuvo, BEL, BPCL, DB Corp., Edelweiss, Emami, Gujarat Alkalies, Himatsingka Seide, HCC, IBN18 Broadcast, India Infoline, Indian Hotels, Inox, Jubilant Foodworks, Kansai Nerolac, Karnataka Bank, KEC International, Max India, Network 18, PVR, Raymond, REI Agro, Reliance Infra, RNRL, Reliance Power, Religare, S. Kumars, SCI, SJVN, Tata Chemicals, Torrent Pharma, TV18 and Voltamp.
BANG ON TARGETCorporate Snippets
Sun Pharma wins over Eli Lily in a patent litigation over Gemzar, a drug used in cancer treatment, with a US federal court ruling in its favour. (BS)
PNB to decide on raising deposit rates in the upcoming asset-liability committee (ALCO) meet scheduled for July 31. (BS)
Axis Bank is likely to raise deposit rates shortly. (BS)
The Cleantech division of M&M Group plans to install 50MW of solar power generation capacity across five states at an outlay of Rs7.5bn. (BL)
JSW Steel plans to begin construction of its 10mtpa steel plant at Salboni in West Bengal before end of this fiscal. (BL)
Dabur plans to raise Rs20bn for buyouts. (BS)
PNB to decide on raising deposit rates in the upcoming asset-liability committee (ALCO) meet scheduled for July 31. (BS)
Axis Bank is likely to raise deposit rates shortly. (BS)
The Cleantech division of M&M Group plans to install 50MW of solar power generation capacity across five states at an outlay of Rs7.5bn. (BL)
JSW Steel plans to begin construction of its 10mtpa steel plant at Salboni in West Bengal before end of this fiscal. (BL)
Dabur plans to raise Rs20bn for buyouts. (BS)
Thursday, July 29, 2010
SHROT TERM DELIVARY CALL,
Buy & Hold
Pipavav Ship at Rs98.5 with
SL of Rs96 for
Target of Rs104
HOLD FOR 10 DAYS
BUY DLF July Futs at Rs308 with Sl of Rs 302 for a target of Rs320
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INTRADAY CALL,
High risk traders :
BUY AND HOLD
IVRCL Infra at Rs176 with
SL of Rs172 for
target of Rs184, 185
RELIANCE
RIL results have been a little disappointing and may continue to pressure the overall sentiment. Results will continue to pour in over the next few days and will have a role in shaping the market’s direction. What is also slightly worrisome is the drop in core sector growth in June.
Results Today:
Alok Industries, Aban Offshore, Apollo Tyres, Arvind, Bata India, Bank of Maharashtra, BOB, Federal Bank, GHCL, GE Shipping, GSPL, HCL Tech, HDIL, Hero Honda, Hexaware, Ipca Labs, JB Chemicals, Kalpataru Power, Nagarjuna Fertilizers, National Fertilizers, NHPC, Novartis India, ONGC, OBC, Petronet LNG, SAIL, Siemens, TTML and UltraTech Cement.
Corporate Snippets
HDFC Bank, Lakshmi Vilas Bank and Central Bank set off a round of deposit rate hikes. (ET)
EGoM cancels KG gas allocation for ONGC. (DNA)
NTPC’s merchant power business plans to get government nod. (BL)
Adani Enterprise to invest Rs65bn in coal mining. (BL)
Yes Bank to raise Rs4.5-5bn in Q2 to fund its business growth. (BL)
Patch of Maruti Suzuki’s largest selling car Alto produced in April this year is facing a potential engine oil leakage problem. (ET)
Reinsures have settled Aban’s US$235mn claims for its semi-submersible rig. (ET)
EGoM cancels KG gas allocation for ONGC. (DNA)
NTPC’s merchant power business plans to get government nod. (BL)
Adani Enterprise to invest Rs65bn in coal mining. (BL)
Yes Bank to raise Rs4.5-5bn in Q2 to fund its business growth. (BL)
Patch of Maruti Suzuki’s largest selling car Alto produced in April this year is facing a potential engine oil leakage problem. (ET)
Reinsures have settled Aban’s US$235mn claims for its semi-submersible rig. (ET)
Wednesday, July 28, 2010
European markets update: FTSE Index up 0.4%, CAC Index up 0.7% and DAX Index up 0.5%
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Aban says Reinsurers agreed to settle claim, has received 97% of claim, may get the rest shortly
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BUYpraj Aug futs at RS79.00 with SL of Rs76.00 for a target of Rs86.00
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Tuesday, July 27, 2010
L&T Q1 net profit at Rs666cr up 15%
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European markets update: FTSE Index up 0.5%, CAC Index up 0.9% and DAX Index up 0.5%
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RBI hikes reverse repo rate by 50bps, repo rate by 25bps
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Results today:
Reliance Ind, HUL, MRPL, Larsen & Toubro, Cairn India, Jubilant Organ, Glenmark Pharma, JSW Steel, Ashok Leyland, Godrej Inds, Cadila Health, Titan Inds, IRB Infra.Devl, Asian Paints, GTL, Oil India
Monday, July 26, 2010
Results Today:
Bharat Forge, Blue Star, Century Textiles, Dabur India, Dena Bank, Essar Oil, DQ Entertainment, Gateway Distriparks, GSK Pharma, Granules India, HSIL, Mahindra Holidays, Maharashtra Sealmess, NTPC, Nelco, Peninsula Land, Sterlite, TAJ GVK Hotels, Tata Elxsi, Tech Mahindra, Union Bank, Uniphos Enterprise, United Phosphorus and WWIL.
FIIs were net buyers of Rs7.11bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs1bn. In the F&O segment, they were net buyers at Rs15.45bn. On Thursday, the FIIs were net buyers of Rs1.88bn in the cash segment. Mutual Funds were net sellers at Rs2.98bn on the same day.
European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.2%
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Corporate Snippets
Vodafone Group Plc might sell its indirect minority equity stake of 4.39% in Bharti Airtel, as part of a plan to get out of the group’s smaller investments in various companies across the world. (BS)
Tata Motors will consider a US$550mn sponsored overseas issue for its shares with differential voting rights. (ET)
ITC plans to invest Rs 230bn across sectors such as FMCG, hotels, paper and packaging over the next few years. (BL)
DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. (ET)
Dr Reddy’s Labs neither has any intention to offload stake in its domestic formulations business nor will it look at selling its German subsidiary Betapharm. (ET)
Tata Motors will consider a US$550mn sponsored overseas issue for its shares with differential voting rights. (ET)
ITC plans to invest Rs 230bn across sectors such as FMCG, hotels, paper and packaging over the next few years. (BL)
DLF is buying out the property arm of Dubai World, its foreign partner in the 50:50 joint venture to make Bidadi Knowledge City. (ET)
Dr Reddy’s Labs neither has any intention to offload stake in its domestic formulations business nor will it look at selling its German subsidiary Betapharm. (ET)
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