Morning Call,
BUY and HOLD
STER at 690 sl 681
Target 701,703
Monday, June 21, 2010
Corporate Snippets
Reliance Industries to foray into power; plans mega investment. (BL)
Besides getting 468 branches, ICICI Bank will also get control of 58 branches of a regional rural bank sponsored by Bank of Rajasthan. (BL)
Saudi Binladin Group is all set to buy a 20% stake in Maytas Infra. (BS)
Reliance Power has started generating power from the second unit of Rosa thermal power project. (ET)
Dr Reddy’s Laboratories is exploring the option of demerging its domestic formulations business and unlocking value. (BS)
Maruti Suzuki plans to introduce a CNG variant of its recently upgraded WagonR hatchback within the next three months. The upgraded version could cost about Rs 70,000 more. (BS)
Besides getting 468 branches, ICICI Bank will also get control of 58 branches of a regional rural bank sponsored by Bank of Rajasthan. (BL)
Saudi Binladin Group is all set to buy a 20% stake in Maytas Infra. (BS)
Reliance Power has started generating power from the second unit of Rosa thermal power project. (ET)
Dr Reddy’s Laboratories is exploring the option of demerging its domestic formulations business and unlocking value. (BS)
Maruti Suzuki plans to introduce a CNG variant of its recently upgraded WagonR hatchback within the next three months. The upgraded version could cost about Rs 70,000 more. (BS)
Friday, June 18, 2010
सेन्सेक्स (17570.82) - 45.87 अंक गिरकर, नीफ़्टी (5262.60) -12.25 अंक गिरकर, बंद.
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European markets update: FTSE Index up 0.7%, CAC Index up 0.5% and DAX Index up 0.4%
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Reliance will build largest coke gassification plant in world
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Reliance looks forward to harmonious relationship with ADAG
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Reliance to supply gas to ADAG plants when they are ready
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FIIs were net buyers of Rs4.63bn in the cash segment on Thursday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs3.64bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs5.88bn. On Wednesday, FIIs were net buyers of Rs8.58bn in the cash segment, as per SEBI data.
Corporate Snippets
Bharti Airtel, Idea Cellular and Vodafone Essar have all refused to participate in the telecom regulator’s latest consultation process to set a price for second-generation (2G) spectrum, citing lack of transparency by Trai. (ET)
RIL in talks for acquiring 26% stake in Papavav Shipyard. (ET)
GlaxoSmithKline Consumer Healthcare plans to enter the premium cookies market. (ET)
JSPL has got three years extension to begin constructing its US$2.1 billion steel plant in Bolivia as against the original deadline of 2010. (ET)
Ranbaxy may close down one of its biggest global bulk drug production units at Mohali and is sourcing few products made at the facility. (ET)
RIL in talks for acquiring 26% stake in Papavav Shipyard. (ET)
GlaxoSmithKline Consumer Healthcare plans to enter the premium cookies market. (ET)
JSPL has got three years extension to begin constructing its US$2.1 billion steel plant in Bolivia as against the original deadline of 2010. (ET)
Ranbaxy may close down one of its biggest global bulk drug production units at Mohali and is sourcing few products made at the facility. (ET)
Thursday, June 17, 2010
BUY Adani Enterprises June Futs at Rs546.5 with SL of Rs538 for a Target of Rs564
BUY and HOLD
ADANI ENTEPRIES JUNE FUTS
European market update: FTSE, DAX and CAC index trading flat
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India food inflation rate was 16.12% in week ended June 5
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Short ICICI June Futs at Rs879 with SL of Rs889 for a target of Rs859
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Bajaj Hindusthan'
Board will meet to consider the Scheme of amalgamation of Bajaj Hindusthan Sugar and Industries Ltd. (a 75% listed subsidiary) with the company.
FIIs were net buyers of Rs7.84bn in the cash segment on Wednesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs1.71bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs17.44bn. On Tuesday, FIIs were net buyers of Rs6.93bn in the cash segment, as per SEBI data. Mutual Funds were net sellers at Rs1.48bn in the cash segment on the same day.
Corporate Snippets
Reliance Industries plans to build large power plants in India. (BL)
Reliance Capital picks up 18% stake in Bloomberg UTV. (BL)
RCom looks to selling 26% stake in Globalcom. (BL)
NTPC is scouting for coal fields in Australia. (ET)
IOC, HPCL have signed contracts with RIL for KG gas. (ET)
US distributor sues M&M for delay in launching SUV. (BL)
SBI is planning to introduce wealth management services in a phased manner in 2010-2011. (BL)
Cipla to partner Chinese companies to sell Roche, Amgen drug clones. (ET)
Reliance Capital picks up 18% stake in Bloomberg UTV. (BL)
RCom looks to selling 26% stake in Globalcom. (BL)
NTPC is scouting for coal fields in Australia. (ET)
IOC, HPCL have signed contracts with RIL for KG gas. (ET)
US distributor sues M&M for delay in launching SUV. (BL)
SBI is planning to introduce wealth management services in a phased manner in 2010-2011. (BL)
Cipla to partner Chinese companies to sell Roche, Amgen drug clones. (ET)
Wednesday, June 16, 2010
High risk traders: Buy RIIL at 995 with SL of Rs984 for target of Rs1020, 1030
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European market update: FTSE index up 0.58%, CAC index up 0.55%, DAX index 0.59.
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BUY Indiabulls Real Estate June futs at Rs151.8 with SL at Rs147 for a target of Rs160.5
BUY AND HOLD
INDIABULLS JUNE FUTS
Buy Reliance Infra at Rs1201 with SL of Rs1190 for Target of Rs1240
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FIIs were net buyers of Rs5.90bn in the cash segment on Tuesday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs3.51bn on the same day. In the F&O segment, the foreign funds were net buyers of just Rs148mn. On Monday, FIIs were net buyers of Rs3.8bn in the cash segment, as per SEBI data. Mutual Funds were net buyers at Rs1.11bn in the cash segment on the same day.
Corporate Snippets
Cairn India has started selling crude oil from its Mangala oil field in Rajasthan to private sector Reliance Industries
and Essar Oil using a heated oil pipeline. (ET)
ONGC has said that its Assam asset is losing production due to ‘infinite' shut-down of Numaligarh Refinery Ltd, a subsidiary of Bharat Petroleum. (BL)
Oil regulator Petroleum and Natural Gas Regulatory Board has approved the tariff that GAIL India will charge from consumers for moving natural gas through its two main trunk pipelines. (ET)
Reliance Infratel has all but approved a merger deal that could see its tower assets combine with smaller rival GTL Infrastucture in exchange for Rs150bn in cash and a significant stake in a new entity for shareholders of its parent company. (ET)
and Essar Oil using a heated oil pipeline. (ET)
ONGC has said that its Assam asset is losing production due to ‘infinite' shut-down of Numaligarh Refinery Ltd, a subsidiary of Bharat Petroleum. (BL)
Oil regulator Petroleum and Natural Gas Regulatory Board has approved the tariff that GAIL India will charge from consumers for moving natural gas through its two main trunk pipelines. (ET)
Reliance Infratel has all but approved a merger deal that could see its tower assets combine with smaller rival GTL Infrastucture in exchange for Rs150bn in cash and a significant stake in a new entity for shareholders of its parent company. (ET)
Tuesday, June 15, 2010
सेन्सेक्स (17412.83) 74.66 अंक चढ्कर, नीफ़्टी (5222.35) 24.65 अंक चढ्कर, बंद..
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BUY Unitech June Futs at Rs69.35 with a SL of Rs67.5 for a target of Rs73.5
BUY AND HOLD
UNITECH JUNE FUTS
Trail SL in Short Wipro and trade safe now
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FIIs were net buyers of Rs3.47bn in the cash segment on Monday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs414.3mn on the same day. In the F&O segment, the foreign funds were net buyers of Rs18.14bn. On Friday, FIIs were net buyers of Rs8.96bn in the cash segment, as per SEBI data.
Corporate Snippets
Reliance Communications has decided to demerge its telecom tower business -Reliance Infratel. (BS)
Strides Arcolab has received the nod from the US Food and Drug Administration for the sumatriptan succinate injection, used to treat patients suffering from migraine attacks. (ET)
HCL Technologies has signed an outsourcing agreement worth US$110mn (~Rs5.1bn) with Singapore Exchange for five-years. (BL)
Godrej may transfer some of the landholdings held by its subsidiary Godrej Agrovet to another group firm for developing real estate projects. (ET)
At least four large public sector banks expect to set their base rates between 7.5% and 8.5%, the range indicated by the SBI. (BS)
Strides Arcolab has received the nod from the US Food and Drug Administration for the sumatriptan succinate injection, used to treat patients suffering from migraine attacks. (ET)
HCL Technologies has signed an outsourcing agreement worth US$110mn (~Rs5.1bn) with Singapore Exchange for five-years. (BL)
Godrej may transfer some of the landholdings held by its subsidiary Godrej Agrovet to another group firm for developing real estate projects. (ET)
At least four large public sector banks expect to set their base rates between 7.5% and 8.5%, the range indicated by the SBI. (BS)
Monday, June 14, 2010
Trail SL in Long Jindal Saw and trade safe now
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Corporate Snippets
Reliance Industries discovered more oil at an onland site in Gujarat’s Cambay Basin, raising the potential of the exploratory fields it has been drilling. (ET)
The management of Reliance Industries has told its board that it has identified power, telecommunications, financial services and pharmaceuticals for investments in the near future. (ET)
US court granted a motion seeking a preliminary injunction to block the launch of Dr Reddy’s Labs generic version of Sanofi-Aventis' anti-allergic drug, Allegra D24. (BS)
Reliance Industries will acquire Infotel Broadband Services for Rs48bn, marking the re-entry into the telecom market. (BS)
Tata Technologies, the engineering and design subsidiary of Tata Motors has been selected by US-based Genovation Cars to design and build a prototype of an electric car for it. (BS)
The management of Reliance Industries has told its board that it has identified power, telecommunications, financial services and pharmaceuticals for investments in the near future. (ET)
US court granted a motion seeking a preliminary injunction to block the launch of Dr Reddy’s Labs generic version of Sanofi-Aventis' anti-allergic drug, Allegra D24. (BS)
Reliance Industries will acquire Infotel Broadband Services for Rs48bn, marking the re-entry into the telecom market. (BS)
Tata Technologies, the engineering and design subsidiary of Tata Motors has been selected by US-based Genovation Cars to design and build a prototype of an electric car for it. (BS)
Friday, June 11, 2010
सेन्सेक्स (17064.95) 142.87 अंक चढ्कर, नीफ़्टी (5113.15) 34.55 अंक चढ्कर, बंद..
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European market update: FTSE index up 0.2%, CAC index up 0.4%, DAX index flat.
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IIP for April Jumps to 17.4 % reports
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Long JP Associate June Future at Rs 124.70 with SL Rs122 for a Target of Rs131
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Book partial profit in RIIL
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Long Unitech June Future at Rs 70.50 with SL Rs69 for a Target of Rs73.50
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Re-iterate Buy on RIIL at Rs769 with Sl of Rs758 for target of Rs790
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FIIs were net buyers of Rs2.45bn in the cash segment on Thursday on a provisional basis, according to the NSE data. The local institutions were net sellers at Rs1.05bn on the same day. In the F&O segment, the foreign funds were net buyers of Rs4.4bn. On Wednesday, FIIs were net sellers of Rs17mn in the cash segment, as per SEBI data. Mutual Funds were net buyers at Rs2.31bn on the same day.
Corporate Snippets
Bharti Airtel has announced an extension of its managed services portfolio by entering into a strategic relationship with VMware. (BL)
Infosys BPO will look for acquisitions in Europe and Africa this year. (BL)
The Metallurgical, Material Handling & Water Operating Company of Larsen & Toubro has secured orders totaling Rs7.5bn. (BL)
Wipro and automobile and parts distribution specialist TV Sundram Iyengar & Sons have signed a 10-year total outsourcing contract. (BL)
Reliance Power is buying out two coal companies in Indonesia. (BL)
HCC has sold 74% stake in a commercial building to IL&FS Milestone Fund for Rs5.8bn. (ET)
JSW Energy may pick up 70% in South Africa-based Indian Ocean Mining. (ET)
Infosys BPO will look for acquisitions in Europe and Africa this year. (BL)
The Metallurgical, Material Handling & Water Operating Company of Larsen & Toubro has secured orders totaling Rs7.5bn. (BL)
Wipro and automobile and parts distribution specialist TV Sundram Iyengar & Sons have signed a 10-year total outsourcing contract. (BL)
Reliance Power is buying out two coal companies in Indonesia. (BL)
HCC has sold 74% stake in a commercial building to IL&FS Milestone Fund for Rs5.8bn. (ET)
JSW Energy may pick up 70% in South Africa-based Indian Ocean Mining. (ET)
Thursday, June 10, 2010
सेन्सेक्स (16922.08) 264.19 अंक चढ्कर, नीफ़्टी (5078.60) 78.30 अंक चढ्कर, बंद..
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TARGET ACHIVED NIFTY at 5077.........zzZZZZZZOOOM
NIFTY AT 5077
PROFIT BOOK
OUR BUY CALL
BANG ON TARGET
European Market Update: FTSE down 0.8%, DAX down 0.4% and CAC down 0.7%
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BUY Nifty June Futs at ( 5029 ) with SL of (5010 ) for target of (5060)
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Short BHEL June Futs at Rs2304 with SL of Rs2320 for target of Rs2270, 2260
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Corporate Snippets
Reliance Industries is likely to enter the telecom space when the opportunity arises. (ET)
S&P lowers Bharti long-term corporate credit rating to BB+ from BBB-. (BS)
Reliance Power buys three mines of the Sugico group in Indonesia. (ET)
Bharti Airtel to set up separate tower companies in each of the African nations where it is present. (ET)
Fortis Healthcare board gives nod to raise Rs27.5bn through fresh issue of securities and also increase its borrowing limit to Rs60bn. (ET)
Power Grid may sell 20% to public that could raise Rs80bn, which may be equally split between the government and the company. (ET)
S&P lowers Bharti long-term corporate credit rating to BB+ from BBB-. (BS)
Reliance Power buys three mines of the Sugico group in Indonesia. (ET)
Bharti Airtel to set up separate tower companies in each of the African nations where it is present. (ET)
Fortis Healthcare board gives nod to raise Rs27.5bn through fresh issue of securities and also increase its borrowing limit to Rs60bn. (ET)
Power Grid may sell 20% to public that could raise Rs80bn, which may be equally split between the government and the company. (ET)
Wednesday, June 9, 2010
सेन्सेक्स (16657.89) 40.79 अंक चढ्कर, नीफ़्टी (5000.30) 13.20 अंक चढ्कर, बंद..
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European markets update: FTSE Index up 0.49%, CAC Index up 0.87% and DAX Index up 0.76%
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Our call on zZZOOOoooooooooooom ..STER at 630+++
our call on
STER at 633
DELIVERY HOLD
TARGET 650,677 & 700++
save this message
STER at 633
DELIVERY HOLD
TARGET 650,677 & 700++
save this message
Intraday Traders BOOK PROFIT at 618
BOOK PROFIT
IN OUR CALL
BUY STER
IN OUR CALL
BUY STER
Target 617+++
delivery clients buy around
600 and below FOR
TARGET 650++
Trail SL in Tata Motors to cost and trade safe now
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Corporate Snippets
Reliance Industries got a year’s extension for its SEZs in Haryana and Navi Mumbai. (BS)
Hindustan Unilever intends to dramatically increase its rural distribution reach. (BL)
Tata Steel said its subsidiary, Tata Steel Global Mineral Holdings, has raised its stake to 27.4% from 19.9% in Canada's iron ore explorer New Millennium Capital Corp. (FE)
Hindalco expects domestic demand to post a double-digit growth in the current financial year. (BS)
Hindalco Industries plans to borrow about Rs140bn in the next couple of years to build two new plants. (ET)
Tata Power plans to add 750MW during 2010-11. (BS)
Hindustan Unilever intends to dramatically increase its rural distribution reach. (BL)
Tata Steel said its subsidiary, Tata Steel Global Mineral Holdings, has raised its stake to 27.4% from 19.9% in Canada's iron ore explorer New Millennium Capital Corp. (FE)
Hindalco expects domestic demand to post a double-digit growth in the current financial year. (BS)
Hindalco Industries plans to borrow about Rs140bn in the next couple of years to build two new plants. (ET)
Tata Power plans to add 750MW during 2010-11. (BS)
Tuesday, June 8, 2010
सेन्सेक्स (16617.10) -163.97 अंक गिरकर, नीफ़्टी (4987.10) - 46.90 अंक गिरकर, बंद.
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BOOK PROFIT -BHUSHANSTEEL
SELL CALL BANG ON TARGET...............
Excellent performance
of our recommendation
of our recommendation
Our SELL NIFTY SELL CALL BANG ON TARGET
SELL CALL GIVEN AT 5014
BANG ON TARGET
JUST IN FEW MINTS.....
TARGET ACHIEVED
INTRA DAY TRADERS BOOK PROFIT............
BANG ON TARGET
Excellent performance
of our INTRADAY recommendation
TARGET ACHIEVED
INTRA DAY TRADERS BOOK PROFIT............
Intraday: Sell Nifty at 5014 and above...sl 5044
Sell Nifty at 5014 and above...
sl 5044 Intraday TARGET
5001, 4990 and below...
support 4984 ... High risk traders
hold for 4880 ....
sl 5044 Intraday TARGET
5001, 4990 and below...
support 4984 ... High risk traders
hold for 4880 ....
European market update: FTSE, DAX and CAC index trading flat
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