Thursday, July 22, 2010
India Food Inflation at 12.47% in week ended July 10
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BANG ON TARGETCorporate Snippets
HDFC and Kotak Bank to rework profit forecast for insurance arms. (ET)
SKIL may make open offer to Everonn investors today. (ET)
ONGC, Oil India, GAIL and IOC have combined forces to acquire BP’s stake in Vietnam gas project. (BL)
L&T has completed manufacturing the first India-made nuclear grade canister for Transnuman clear Inc. (BL)
Adani Power sets up subsidiary for 3,300MW Bhadreshwar plant. (BL)
TCS expects IT spending to shoot up. (ET)
SKIL may make open offer to Everonn investors today. (ET)
ONGC, Oil India, GAIL and IOC have combined forces to acquire BP’s stake in Vietnam gas project. (BL)
L&T has completed manufacturing the first India-made nuclear grade canister for Transnuman clear Inc. (BL)
Adani Power sets up subsidiary for 3,300MW Bhadreshwar plant. (BL)
TCS expects IT spending to shoot up. (ET)
Results Today:
ACC, Akzo India, Ambuja Cements, Bajaj Auto, Bajaj Holdings, Bharat Bijlee, CRISIL, Deepak Fertilizers, Dish TV, Dr. Reddy's, Gujarat Gas, Hikal, HOV, IDBI Bank, Idea, ING Vysya Bank, ITC, Kingfisher Airlines, Mahindra Forgings, PNB, PFC, Shriram Transport, Vijaya Bank, Zee News and Wipro.
FIIs were net buyers of Rs3.62bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs3.02bn. In the F&O segment, they were net buyers at Rs43.06bn. On Tuesday, the FIIs were net buyers of Rs3.72bn in the cash segment. Mutual Funds were net sellers at Rs1.47bn on the same day.
OUR CALL,
our BTST
TVSMOTOR given AT 127
BOOK PROFIT at 132++
DELIVARY CLIENT HOLD
FOR Target 150
BONUS 1:1
TVSMOTOR given AT 127
BOOK PROFIT at 132++
DELIVARY CLIENT HOLD
FOR Target 150
BONUS 1:1
Wednesday, July 21, 2010
European markets update: FTSE Index up 1%, CAC Index up 1.7% and DAX Index up 1.2%
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Short HDFC July Futs at Rs2995 with SL of Rs3025 for a target of Rs2925
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Results Today:
Aditya Birla Money, Alstom Projects, Bajaj Auto Finance, Bajaj Finserv, Birla Corp, Century Ply, Engineers India, Esab India, Indiabulls Power, Ingersoll Rand India, J Kumar Infra, Karur Vysya Bank, Kotak Mahindra Bank, KPIT Cummins, Mastek, Monsanto India, NIIT, Orchid Chem, Persistent Systems, Pidilite Industries, REC, Sangam India, Thermax, TVS Motor, UB, UB Holdings and Yes Bank.
Corporate Snippets
BHEL has won a Rs26.65bn contract for setting up a 1,200 MW coal-based thermal power plant in Chhattisgarh. (BL)
Tata Motors is expanding capacity of its Ace pickup to 275,000 units from 225,000 units at its Pantnagar facility. (BL)
The Supreme Court on Monday sought a response from Mahindra & Mahindra on the excise department's plea alleging that the automobile manufacturer had undervalued its vehicles to evade excise duty. (FE)
The Mahindra group has drawn up a 10-year plan for its two-wheeler business that will focus on forging new alliances and going global. (BL)
IOC plans to set up another 14-15mn tons refinery with an investment of Rs150-200bn on the western coast. (BS)
Tata Motors is expanding capacity of its Ace pickup to 275,000 units from 225,000 units at its Pantnagar facility. (BL)
The Supreme Court on Monday sought a response from Mahindra & Mahindra on the excise department's plea alleging that the automobile manufacturer had undervalued its vehicles to evade excise duty. (FE)
The Mahindra group has drawn up a 10-year plan for its two-wheeler business that will focus on forging new alliances and going global. (BL)
IOC plans to set up another 14-15mn tons refinery with an investment of Rs150-200bn on the western coast. (BS)
Tuesday, July 20, 2010
Book Profits in short LIC Housing Finance July futs given
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European markets update: FTSE Index up 0.4%, CAC Index up 0.6% and DAX Index up 0.5%
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Short LIC Housing Finance July futs at Rs1060 with SL of Rs1070 for a target of Rs1035
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Results Today:
Bombay Dyeing, JK Paper, Monsanto India, NIIT Tech, Noida Toll Bridge, Omnitech, Panacea Biotec, SKF India, Sonata Software, Tata Coffee, United Spirits and Zee Entertainment.
Corporate Snippets
BHEL has won an order from Dainik Bhaskar Power worth Rs26.7bn (US$567mn) for setting up a 1,200 megawatts thermal power plant. (ET)
Malaysian investor Khazanah may have to pay more than US$4/share for Singapore’s Parkway or at least 3.1% above its share price to ward off rival bidder Fortis Healthcare. (BS)
GTL Infrastructure has completed the acquisition of 17,500 telecom towers of Aircel and expects an immediate annual revenue of Rs7.2bn.(ET)
L&T General Insurance, the wholly owned subsidiary of Larsen & Toubro, has received approval from IRDA and would start operations within six to ten weeks. (BS)
Malaysian investor Khazanah may have to pay more than US$4/share for Singapore’s Parkway or at least 3.1% above its share price to ward off rival bidder Fortis Healthcare. (BS)
GTL Infrastructure has completed the acquisition of 17,500 telecom towers of Aircel and expects an immediate annual revenue of Rs7.2bn.(ET)
L&T General Insurance, the wholly owned subsidiary of Larsen & Toubro, has received approval from IRDA and would start operations within six to ten weeks. (BS)
Monday, July 19, 2010
सेन्सेक्स (17928.42) - 27.40 अंक गिरकर, नीफ़्टी (5386.45) -07.45 अंक गिरकर, बंद.
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European Market Update: FTSE down 0.5%, DAX and CAC Index are trading flat.
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Results Today:
Atul, Aventis Pharma, Balaji Telefilms, Bayer Crop, Concor, Crompton Greaves, Escorts, HDFC Bank, Indowind Energy, Jindal Saw, Midday Multimedia, Mindtree, PTC India, Sesa Goa, Triveni Engineering, Whirlpool India and Zylog Systems.
FIIs were net buyers of Rs6.76bn in the cash segment on Friday (provisionally), according to the NSE web site. Local funds were net sellers of Rs2.81bn. In the F&O segment, they were net buyers at Rs9.87bn. On Thursday, the FIIs were net buyers of Rs5.61bn in the cash segment. Mutual Funds were net sellers of Rs7.43bn on the same day.
Corporate Snippets
Reliance Infrastructure has signed a pact with NHAI for developing the Rs30bn Delhi-Agra highway project. (BS)
Infosys closed down its BPO centre in Bangkok due to inability to scale up operations. (ET)
Reliance Industries is said to be in talks with Quicksilver Resources, a Texas-based exploration and production company that’s into development of shale gas, coal-bed methane and tight-sands gas in North America. (DNA)
Tata Steel sells entire 27.03% stake in Malaysia’s Southern Steel Berhad for US$72mn as part of a reorganisation process. (BS)
SAIL is likely to sign an agreement with Posco by October to jointly set up plants in the country at an investment of Rs150bn. (FE)
ITC Ltd pares its holding in Agro Tech Foods by close to 3% from 16.77% to 13.87% in June 2010. (BS)
Infosys closed down its BPO centre in Bangkok due to inability to scale up operations. (ET)
Reliance Industries is said to be in talks with Quicksilver Resources, a Texas-based exploration and production company that’s into development of shale gas, coal-bed methane and tight-sands gas in North America. (DNA)
Tata Steel sells entire 27.03% stake in Malaysia’s Southern Steel Berhad for US$72mn as part of a reorganisation process. (BS)
SAIL is likely to sign an agreement with Posco by October to jointly set up plants in the country at an investment of Rs150bn. (FE)
ITC Ltd pares its holding in Agro Tech Foods by close to 3% from 16.77% to 13.87% in June 2010. (BS)
Friday, July 16, 2010
Delivery Call .. BUY AND HOLD - 35 DAYS
Buy & Hold Educomp
with stop loss of Rs 618
with a target of Rs 642
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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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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