"Visit Daily www.NorthPole77.com ,
Join profit making community...Today!"
Friday, September 16, 2011
Prakash Constrowell IPO Opens
on 19th Sep. & Closes on 21st Sep.
&
Fixed IPO price band at Rs. 130 to 138
ONGC (FPO) Opens on 20th
Sep. & Closes on 23rd Sep.
Tijaria Polypiles Ltd
IPO Opens on 27th Sep. & Closes on 29th Sep. 2011
Takshell
Solutions IPO Opens on 29th Sep. & Closes on 4th Oct.
2011
P.G. Electroplast IPO Finally
Subscribed 1.34 (Average)
For
Further information scroll to primary market
Thursday, September 15, 2011
Sintex Ind:Looking good on charts...
GET SMS for delivery calls for entry and exit,
join us, get paid...
join us, get paid...
Our deliver call RELIANCE on move,
Hold for our target 899, 940 and 990 plus in diwali, save this message...
\\\ RELIANCE\\\\
\\\ RELIANCE\\\\
Takshell
Solutions IPO Opens on 29th Sep. & Closes on 4th Oct.
2011
SRS Ltd. IPO Basis of allotment Declared
Full
& Firm Allotment to retail Investor
Listing on 16th Sep, 2011
(Friday)
Prakash Constrowell IPO Opens
on 19th Sep. & Closes on 21st Sep.
ONGC (FPO) Opens on 20th
Sep. & Closes on 23rd Sep.
P.G. Electroplast IPO Finally
Subscribed 1.34 (Average)
For
Further information scroll to primary market
Wednesday, September 14, 2011
Inflation for the month of August has come in at 9.78%
Inflation for the month of August has come in at 9.78% as food and fuel
prices continue to soar. With inflation showing no signs of abatement and July industrial
output exhibiting a marked slowdown, the Reserve Bank of India's policy
meet on Friday is going to be a close call. The benchmark interest rate
currently stands at 8%.
REL CAPITAL, looking good on charts...
The daily
candlestick Chart shows that stock had been on a strong downtrend for
past few trading sessions. Infact, the stock has seen a decline from
Rs433 to a low of Rs390. Since then, the stock has not re-test this low.
The daily RSI is exhibiting strong positive divergences. Moreover, on
Tuesday, it formed an Inverted Hammer candlestick formation, it occurs
mainly at the bottom of downtrend and is a warning of a potential
reversal upward. We expect the stock to witness smart pullback from the
current levels. Traders can buy the stock above Rs401.90 with stop loss of Rs394.90 for target of Rs***. [get levels via SMS join us]
Market Commentary
Looks
like the Government has pressed the panic button post the dismal IIP
data. The Finance Minister has indirectly urged the RBI to halt its
tightening. His economic advisor has gone a step ahead by blaming the
series of rate hikes for the economic slowdown. Markets of course are
also hoping for a pause from the RBI. Whether the central bank obliges
is anybody’s guess.
Talking
of macro-economic factors, inflation for August will be out today. It
was at 9.22% in July. The fact that the RBI’s aggressive monetary stance
hasn’t tamed inflation is a cause for concern. It is debatable whether
the RBI has gone too far or not.
The
start is likely to be a positive one due to improved global cues. US
stocks closed higher as did their counterparts across the Atlantic.
Asian markets are mostly up.
We
expect the intraday volatility to prevail amid looming uncertainty over
the RBI policy meet on Friday and global headwinds. The Nifty is likely
to trade in a range between 4700 and 5200 in the near term.
BUY AND HOLD
BUY AND HOLD "BERGER PAINT"
± Reliance Infrastructure subsidiary BSES Yamuna Power Ltdon Tuesday said it has tied-up with Larsen & Toubro to provide electricity leakage detecting devices at discounted price to consumers. (ET)
± In a bid to tap India's fast-growing water distribution segment, France's Saint Gobain, is in talks to acquire the pipes division of Electrotherm (India). (ET)
± Ranbaxy Laboratories
has started discussions with Ind Swift to source raw material to make
low-cost version of the world's largest selling drug, Lipitor which it
to roll out in the US by November end. (ET)
± The bottomline of State Bank of India and Standard Chartered Bank
could be buoyed by Rs2.6bn and Rs3.46bn, respectively, in the September
quarter as the Custodian dealing with the 1992 securities scam has
secured the Special Court's order to release the money to them. (BL)
± Biocon has commenced work on its Malaysian biopharma manufacturing facility, which is expected to be operational by 2014. (BL)
± Chennai Petroleum Corporation Ltd,
which runs a 0.5-million-tonne, mini refinery near Nagapattinam, has
entered into an agreement with Karaikkal Port Pvt Ltd for bringing in
bigger crude carriers. (BL)
± Bank of Baroda has hiked deposit rates in select maturities by 25-50 basis points with immediate effect. (BL)
± Tata Steel
has announced completion of its £2mn investment at its Dudley plant in
the West Midlands in the UK for upgrading its hot-rolled strip
processing capabilities. (BL)
Tuesday, September 13, 2011
Corporate Snippets
± State Bank India said its rights issue proposal is on course and it could happen in another 2-3 months. (ET)
± Neyveli Lignite Corporation said it plans to set up a 4,000-MW thermal power project in Tamil Nadu with an investment of around Rs200bn. (ET)
± Pipavav Defence and Offshore Engineering Company Ltd will be partnering with Mazagon Dock Ltd to build warships for the Indian Navy. (ET)
± The Ministry of Defence has approved disinvestment of 10 % government holding in Hindustan Aeronautics Ltd. (BL)
± Tata Chemicals
along with its joint venture partners Singapore-based Olam
International and the Government of Gabon have signed the
pre-construction services agreement with Technip S.A. for the gas-based
urea fertiliser plant in Gabon, Africa. (BL)
± Wockhardt
has significantly reduced the number of people working at its Negma
operations in France, and the plant has been divested. (BL)
± National Collateral Management Services and L&T Finance
has entered into a strategic partnership to assist industries, traders
and farmers with working capital requirements at all stages of the
supply chain. (BL)
± Future Group plans to divest stakes in non-core businesses in the next six to 12 months. (BS)
± Godrej Properties Ltd
announced that it has tied-up with Global Indian International School
(GIIS) for setting up a world class education facility at its township
project Godrej Garden City (GGC) in Ahmedabad. (BS)
± ICICI Bank plans to raise funds through foreign currency bonds in the coming quarters to meet the funding needs of Indian companies. (BS)
Market Commentary
The
market is looking for some excuses to think that the deepening European
debt crisis may see some respite. A report that Italy has asked China
to make "significant" purchases of Italian debt, brought some cheer; so
much so that US markets staged a comeback.
Asian
markets have also rebounded with Japan’s Nikkei 225 in positive zone
after hitting a two-and-a-half-year low. South Korea’s Kospi remained
closed for the Chusok holiday, while Hong Kong’s equity markets were
shut Tuesday for the Mid-Autumn Festival.
European
Central Bank President Jean-Claude Trichet’s statement that the region
has enough ‘weaponry’ to stop its debt crisis from spreading brought
temporary relief.
That
makes a perfect case for a better opening at the Indian bourses. With
industrial growth plunging to a 21-month low of 3.3% in July, many may
hope that the Reserve Bank of India's monetary policy review meeting may
see a pause on rising interest rates.
Monday, September 12, 2011
Gujarat State Petronet – Call Closure Reco price Rs97, Call closure price Rs110
We had recommended a BUY on Gujarat State Petronet in
our detailed sector report India Natural Gas – ‘Fuel for Growth’
dated 14th June, 2011 with a target price of Rs113. The stock has
hit a high of Rs113.2 in Friday’s (9th September, 2011)
trading session. Currently the stock trades at Rs110. We recommend investors to book profit at
current levels as the stock has rallied ~14% since our recommendation. Although
we remain bullish on the long term business potential of the company, we see
limited upsides from the current levels.
HPCL...Morning call trading strong at 376
"Visit Daily www.NorthPole77.com ,
Join profit making community...Today!"
Market Commentary
The
spectacular Ganesh immersions are over. Markets world over remain
immersed in the red as the European-driven volatility has led to
investors fleeing equities for perceived safer havens. One can only hope
that at least some of the troubles do a vanishing act before hitting
our shores.
Asian stocks are trading much lower
today. The Nikkei is down around 2%. South Korean, Taiwanese and
mainland Chinese markets are shut for the day.
The start will expectedly be deep in the
red. We have important events lined up, including IIP data, August
inflation and Advance Tax numbers. Critical among them will be the RBI
policy meet. The RBI has hiked benchmark rates 11 times since March 2010
and expectations are of another increase.
On Friday the Dow shed almost 3% as
rumors of a possible Greek default was doing the rounds. The resignation
of European Central Bank board member Juergen Stark has not been taken
well by the market. He was a proponent of higher interest rates and his
exit is seen as a possible sign of policy dispute at the ECB.
Subscribe to:
Posts (Atom)
JOIN US!!
Send SMS for "STUDY" on 09825677777