Friday, November 12, 2010
TATA MOTOR, buy and hold again revised target 1500 ++
*****
TATA MOTOR, buy and hold again revised target 1500 ++
BOOK PROFIT VASINFRA -166
BOOK PROFIT IN VASINFRA
- SMS GIVEN TO PAID CLIENTS -
call close with Rs39 profit /share
Major results today:
Educomp, HPCL, India Cements,
RPower, RInfra, Tata Power,
Tata Steel and Oil India
Corporate Snippets
SAIL ties up with Switzerland-based CBMM Technology Suisse for research and development of high-end steel items used in the transportation of oil and natural gas. (BS)
NTPC to add ~6,550MW in four southern states by 2017 by investing ~Rs33bn. (BS)
Government is likely to issue bonds to avail of its share of SBI right issue. (ET)
M&M plans to expand its tractor production capacity to over three lakh units in two years.(BL)
HDIL to launch residential projects s[read over 27mn sq. ft. in the next six months. (ET)
GMR Infra is likely to sell its 50% stake in InterGen to China Huaneng for close to US$1.5bn. (ET)
Sun Pharma has acquired a further 12% stake, to reach 65%, in Taro Pharmaceuticals,for $82mn (Rs3.6bn). Sun paid $16 per share, ~14% premium to Taro's current market price of $13.75. (BS)
Kalanithi Maran and his firm, KAL Airways,have raised their direct holding in low-cost air carrier SpiceJet to 38.66% by purchasing an additional 7.68% stake for Rs1,469mn. (BS)
Parsvnath Developers has bagged 38-acre railway land in a key area of the capital for Rs16.5bn. (ET)
NTPC to add ~6,550MW in four southern states by 2017 by investing ~Rs33bn. (BS)
Government is likely to issue bonds to avail of its share of SBI right issue. (ET)
M&M plans to expand its tractor production capacity to over three lakh units in two years.(BL)
HDIL to launch residential projects s[read over 27mn sq. ft. in the next six months. (ET)
GMR Infra is likely to sell its 50% stake in InterGen to China Huaneng for close to US$1.5bn. (ET)
Sun Pharma has acquired a further 12% stake, to reach 65%, in Taro Pharmaceuticals,for $82mn (Rs3.6bn). Sun paid $16 per share, ~14% premium to Taro's current market price of $13.75. (BS)
Kalanithi Maran and his firm, KAL Airways,have raised their direct holding in low-cost air carrier SpiceJet to 38.66% by purchasing an additional 7.68% stake for Rs1,469mn. (BS)
Parsvnath Developers has bagged 38-acre railway land in a key area of the capital for Rs16.5bn. (ET)
Thursday, November 11, 2010
BANG ON TARGETVASINFRA: Buy Call given on Tuesday to paid client at 154.90
NOW TRADING AT 188.50 JUST IN 3 DAYS
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Buy & Hold WestCoast Paper at Rs106-107 with SL of Rs102 for Target of Rs114
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Major Results today:
Anant Raj Inds, Apollo Tyres, Bhusan Steel, Cipla, Gujarat NRE Coke, HDIL, Hikal, KRBL, Lanco Infra, MMTC, PSL, Ranbaxy and Shree Cement.
Result Update: Bharat Petroleum Corp (Q2 FY11) – Market Performer
CMP Rs764, Target Rs777, Upside 1.5%
± Net sales for Q2 FY11 rises 30.8% yoy driven by higher average realizations and government subsidy share of Rs29.4bn
± Upstream companies shared under recovery burden worth Rs8.2bn in Q2 FY11 v/s Rs8.8bn in 2 FY10
± Throughput was higher by 12% yoy to 5.6mn tons and market sales were higher by 1.5% to 6.6mn tons
± Uncertainty over subsidy sharing pattern to continue, keeping the impact of recent reforms limited
Corporate Snippets
± Essar Oil lines up Rs17bn for Vadinar Refinery expansion. (ET)
± Suzlon Energy was forced to pull out from the Attappadi tribal area of Kerala after the government asked it to vacate the land. (BS)
± Parsvnath Developers is likely to raise about Rs1bn by selling stake in a housing project to PE firms. (BL)
± Jindal Saw has bagged orders worth over Rs6bn from domestic and overseas markets for supply of pipes (BL)
± Tera Software has received a contract worth Rs450mn under the UID project Aadhaar. (BL)
± Kotak Mahindra Bank today hiked its deposit rates on several maturities by up to 0.25 per cent. (BL)
± Empee Sugars & Chemicals plans to issue GDRs of up to ~Rs3.5bn. (BS)
Wednesday, November 10, 2010
Buy and Hold ABAN for 15 days... get enrty and exit... join us!!!!!!!!
SURE SHOT, BUY CALL GIVEN AT 855..........................
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VASINFRA - SMS GIVEN TO PAID CLIENTS yesterday to by at 154.90
BOOKED PROFIT
TODAY AT 170
GET SUCH CALL JOIN US!!
TATA MOTOR trading strong at 1348.90, HOLD FOR TARGET
Result Update: Tata Motors (Q2 FY11) – BUY
Target Rs1,415, Upside 11.4%
BUY GIVEN ATCMP Rs1,271,
BUY GIVEN ATCMP Rs1,271,
Buy and Hold NEHAINT at 237.90 FOR INTRADAY,
Buy and Hold
NEHAINT at 237.90
FOR INTRADAY,
sure shot target at 242
and 247 plus....
Corporate Snippets
± The National Bank for Agriculture and Rural Development sanctioned Rs580mn across the state under the Rural Infrastructure Development Fund (RIDF). (BS)
± The government said it has sought US$3bn assistance from the World Bank for converting 3,770 km of single lane national highways into double lanes. (ET)
± Remittance flows to developing countries including India is expected to reach US$325bn by the end of this year and is likely to exceed to US$370bn in two years' time, the World Bank says. (ET)
± Mining entities would have to share 26 per cent of their profits earned from mining operations with the affected local population in a mining area, as part of a new legislation. (BL)
± The Railways is planning to spend around Rs2bn for the development of infrastructure in and around Mangalore. (BL)
± Tea exports from India increased by 5% during the January-September period of the current year to 143.5mn kg. (ET)
Tuesday, November 9, 2010
Pri Market Commentary ..
The Fed has barely started its QE2 campaign and commodity prices are already buzzing with gold crossing $1,400 an ounce and crude trading at a two-year peak. Other commodities too are gaining strength. The dollar recovered, but at the cost of the euro. The common currency came under pressure amid renewed sovereign debt worries.
The war of words continues over currency and trade imbalances ahead of the G-20 summit. US president Obama joined the chorus even as China expressed its displeasure on the latest Fed move.
The principle downward trend of the dollar has not changed. That means risky assets and emerging markets will continue to attract a good chunk of the global flows.
India is no exception. And, with a spate of big-ticket issues lined up, the dollar deluge will persist. Today, we expect a subdued start owing to indecisive global cues. So, the bulls may have to wait a while before lifting the indices to record highs.
Corporate Snippets
± India and the US are working to jointly set up a US$10bn infrastructure debt fund to finance large road, port and railway projects through public-private partnership. (BS)
± The government has disbursed agricultural credit of Rs897bn in the quarter ended June — 24% of the target of Rs3.8tn for the financial year. (BS)
± The Reserve Bank of India has called for ‘clear demarcation’ of responsibilities of various regulatory authorities, even after the government settled for a watered-down version of the proposed Financial Stability and Development Council (FSDC) following its objections. (BS)
± The state steel and mines department has targeted to renew 150 cases within the next 12 months. (BS)
± CAG (The Comptroller and Auditor General of India) submits report on 2G auction to finance ministry. (FE)
± Titan set to add 100 stores in three years. (FE)
± Timex plans to bring in more luxury brands to India. (FE)
± Coal India will enter MSCI indices, including the MSCI India, from November 22. (BS)
± The Company Law Board has allowed IL&FS-owned Maytas Infra to induct on its board four nominees of Saudi Arabia-based real estate company Saudi Bin Ladin Group. (BS)
Monday, November 8, 2010
Corporate Snippets
± Coal India plans to strike a JV with Shipping Corp.of India in next two months; proposed 50:50 venture is scheduled to offer end-to-end logistics solution to former’s thermal coal import programme. (BL)
± Reliance Power has signed a MoU with the US Exim Bank whereby the latter will make available up to US$5bn to support the purchase of US goods and services over the next three years. (BL)
± Coal India bids for participatory stake in a thermal coal producing asset in Colombia. (BL)
± United Phosphorus plans to invest Rs10bn for acquisitions by the end of current fiscal. (ET)
± Vodafone-Essar has decided to unlock value by demerging its tower business and selling it off to an independent tower company. (FE)
± Essar Group has won the bid for the 1mn tonne Zimbabwe Iron and Steel Company. (DNA)
± GVK Energy is close to sealing a private equity deal where 3i India Infrastructure Fund will invest around Rs12bn in it. (BS)
± Essar Energy of Mauritius plans to buy 60% of Zimbabwe Iron and Steel. (ET)
Market Commentary ..
Today, the festive spirit may linger on as far as the Indian market is concerned. The main indices saw new closing highs last week and the stage is set for them to register all-time intra-day highs this week. It could happen today itself given the upbeat sentiment underpinned by a robust economy, solid earnings growth and record FII inflows.
All said and done, valuations are getting a wee bit pricey. Therefore, one ought to be a little cautious and not get too carried away by headline-grabbing index levels.
The latest monetary easing by the Federal Reserve, coupled with a slew of public issues will lift the overseas inflows further. Coal India’s blockbuster listing and Obama’s visit have added to the feel-good factor.
Inflation too seems to be softening though it is still quite high. The RBI has hinted at a pause after six consecutive rate increases. All these factors put together point to continuation of the positive trend in the short to medium term.
Sunday, November 7, 2010
Happy New Year and Happy Investing!
We wish YOU,
Shanti,
Shakti,
Sampati,
Swarup,
Saiyam,
Saadgi,
Safalta,
Samridhi,
Sanskar,
Swaasth,
Sanmaan,
Saraswati,
aur SNEH.
SHUBH DIWALI...
Shakti,
Sampati,
Swarup,
Saiyam,
Saadgi,
Safalta,
Samridhi,
Sanskar,
Swaasth,
Sanmaan,
Saraswati,
aur SNEH.
SHUBH DIWALI...
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