Friday, November 26, 2010
HOLD ...
RIL
DABUR
INDIAINFO
buy on dips, will correct first
next week market will recover...
save this message!!
DABUR
INDIAINFO
buy on dips, will correct first
next week market will recover...
save this message!!
Fundamantal PICK
Bata India (BUY, Rs343-353, Target Rs366): Bata India has signaled a breakout on monthly from inverted head and shoulder pattern and stock has being moving steadily higher even in the short term. The expansion of volume activity during the up move and contraction during down move exhibits bullish trend in the stock. The 30-DMA also acts good support for the counter and dips towards same should provide a buying opportunity. We advise buying stock in the range of Rs342-353 with stop loss of Rs333 for target of Rs369.
PO Opens Today ...
Manganese Ore Ltd. (MOIL) IPO Opens Today
Claries Life science IPO 2nd Day Subscribed only 0.09 (average)
Due to Poor Response Company may apply to
Extend issue period or Reduce Issue price
Market Commentary ..
The bulls may be ‘down’ but whether they are ‘out’ only the coming days will tell. The market may recover some lost ground after the selloff in the past few sessions. The start today appears to be shaky and sluggish. Global cues are indecisive with European markets rising and Asian benchmarks in red.
Traders and investors alike will remain jittery in the wake of the bribe-for-loan scam. Stocks of the realty firms, select NBFCs and a few banks could remain under pressure as would shares of companies named by the CBI. But the fact that authorities are taking stern action should offer some comfort from a longer term perspective.
The time is right to pick up fundamentally sound stocks which may have got beaten down along with their peers. Globally, concerns prevail on the mounting fiscal woes of indebted eurozone nations as well as on China’s efforts to cool the economy. Geopolitical tension is also a near-term risk.
The US markets will be open today for half a day owing to Black Friday. Keep an eye on indicators on US retail sales over the Thanksgiving weekend.
Corporate Snippets
± Tata Steel is looking at further acquisition to boost its capacity for meeting booming demand. (BS)
± L&T bags an order worth Rs10.3bn for construction related works. (BS)
± Maruti Suzuki estimates that 20% of the cars will run on CNG by 2016. (BL)
± NTPC proposes to invite tenders for power generation equipments for all of its upcoming gas-based plants. (ET)
± SBI not to go for overseas bond issue soon. (ET)
± Maruti to hire 3,000 employees for expanding service network. (BS)
± Supreme Court rejects Reliance Infra’s plea on toll bid disqualification. (BS)
± Cairn seeks nod from the Government for transfer of its main assets. (ET)
± Adani to develop non-LNG port at Hazira. (BL)
Thursday, November 25, 2010
Corporate Snippets
± Dr Reddy’s Laboratories has signed an agreement with GlaxoSmithKline, to buy the latter’s oral penicillin manufacturing facility at Tennessee in the US. (BS)
± The Mumbai Income Tax Appelate Tribunal has held that income tax paid by Tata Sons abroad cannot be claimed as deduction in India. (DNA)
± Maruti Suzuki is not contemplating any price raise, despite a 20-30 % surge in raw material prices in recent months. (BS)
± Punj Lloyd has won ~Rs16bn domestic and overseas contracts. (BL)
± Cairn Energy Plc may soon seek government’s approval to sell three blocks to Vedanta Resources. (DNA)
± JSW Steel seeks new coking coal mine in Jharkhand. (DNA)
± Power Grid is likely to sign MoU with Sri Lanka for developing of high capacity power transmission link between the India and Sri Lanka from the Indian side. (BS)
± 50 Kingfisher Airlines pilots quit to join rival Jet Airways. (ET)
Wednesday, November 24, 2010
INDIAINFO Dec FO: BOOK PROFIT AT 113.70 | Profit booked 25000
TODAY HIGH AT 113.90
INVESTMENT IDEA Clients book profit
"Buy INDIAINFO Dec Future at 111.20 or below with sl 104.90
HOLD FOR target of 114.50, 117.90 & 121 in 11 days."
Profit booked Rs25000/-
"
Investment Idea;
to Earn Rs25000
BUY INDIAINFO DEC, 5 LOTS,
MARGIN Rs40000 X 5 LOTS = 2 LAC
place SL at 104.90
BUY AT110.50-111.10
SELL 113.10-113.70
PROFIT = 25000+
"
CALL CLOSED, PROFIT BOOKED
CALL CLOSED, PROFIT
Reliance Dec Future: Book Profit at 1020 Position closed for BTST
High Risk traders, can hold for 1044
always remember no jai no viru...
only dhiru
always remember no jai no viru...
only dhiru
IPO Note: Manganese Ore India Ltd (MOIL) - Subscribe
Manganese Ore India Ltd (MOIL) - Subscribe
Price band Rs340-375
MOIL has over four decades of experience in manganese ore mining operations. It enjoys a near monopoly with a dominant 50% share in the domestic manganese production and is also one of the lowest cost producers of manganese ore in the world. MOIL was conferred with ‘Mini Ratna’ status by Government of India in FY08. A debt-free company, it has a healthy balance sheet with strong cash flows. As on H1 FY11, its cash balance stood at Rs17.6bn, which translates into Rs105 per share. It has witnessed revenue and PAT CAGR of 31% and 42% respectively, over the last four years. Presently, it is enjoying OPM of 70.3% and PAT margin of 52.1%. We recommend investors to ‘SUBSCRIBE’ the issue.
Reliance Industries : at 1010, OUR TARGET 1044 ++
Reliance Industries (BUY, above Rs1,006 Target Rs1,036): Reliance Industries on daily chart has formed a hammer pattern on candlestick which signifies a pause to short term downtrend. The pattern has appeared near its 61.8% retracement levels of earlier upmove which prevailed from the levels of Rs915 to 1,120 levels. To corroborate reversal from the short term downtrend , RIL needs to open and sustain above Rs1006 in today’s trading session. Adding to it volumes have also spiked up in yesterdays trading session which generally seen at major intermediate lows. We advise buying stock above Rs1006 with stop loss of Rs991 for Target of Rs1,036, 1044 ++
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