Latest BUY CALLs Forum

RE: ORANGE FINANCIALS

shelly123 — 2009-07-11T03:30:45-07:00

RE: raj

shelly123 — 2009-07-11T03:27:12-07:00

Buy WoW Gold ======================= One of the great things about in-game money and virtual economies is that they never went through this whole economic meltdown. So take that to all of those people who think the real world is better then computer games!

comment

shelly123 — 2009-07-11T03:26:10-07:00

Nice article..
Shelly Smith..
===================================
href="http://mymmoshop.com/buy/world-of-warcraft-us/gold/index.php">Buy WoW Gold

One of the great things about in-game money and virtual economies is that they never went through this whole economic meltdown. So take that to all of those people who think the real world is better then computer games!

RE: Need to know about motorgage calculator

shelly123 — 2009-07-11T03:09:19-07:00

Motorgage calculator is absolutely beneficial now-a-days , as we are dwelling in this technical world so it is essential to be aware with such techniques..
Shelly Smith
=================================
[url=http://mymmoshop.com/buy/world-of-warcraft-us/gold/index.php]Buy WoW Gold[/url]

New U.S. Treasury Rules Help Homeowners with Loan Modification

360Modify — 2009-07-02T08:10:56-07:00

According the new U.S. Treasury rules, borrowers that have mortgages below $729,750 (one unit), $934,200 (two units), $1,129,250 (three units) and $1,403,400 (four units) will be eligible for the loan modification program. This new figure allows homeowners with the more expensive homes to qualify under their program. One advantage is the U.S. Treasury Department will match interest rate reduction while writing down the principal so your payments are lower than the 31%. Homeowners benefit from not having their credit score damaged and it helps the homeowner from going into foreclosure.

The The Home Affordable Modification Program Guidelines of March 4, 2009, "borrowers are eligible to receive a Pay-for-Performance Success Payment that goes straight towards reducing the principal balance on the mortgage loan as long as the borrower is current on his or her monthly payments. Borrowers can receive up to $1,000 of Pay-for-Performance Success Payments each year for up to five years." Another benefit to the borrower is the one-time bonus incentive, where a $1,500 payment incentive is distributed to lender/investors and $500 to service providers.

Eligibility for this program varies such as pooling and servicing agreements (PSAs), the Loan Modification will be subjected to an origination date on or before January 1, 2009, an expiration date of December 31, 2012 for acceptance, qualifying terms, foreclosure status, loan exclusion types, subordinate financing, contract restrictions with respect to soliciting borrowers, and a current loan-to-value (LTV) ratio. These eligibility requirements and the process of loan modification can take time. The time it takes will depend on you, your lender and the company you are working with during the loan modification process.

Throughout the loan modification process you will notice that you do not have to pay costs for the process or need a home appraisal. As credit scores begin to drop loan modifications attract more homeowners because a typical mortgage refinancing requires a higher credit score. Whatever you decide to do, please take the time to read the material and information to make sure you understand the process. Each process offers pros and cons the homeowner may find difficult to decide. The government programs mentioned are to support lendors and borrowers in the loan modification process through a loan modification company.

Debt settlement as a method to help reduce your debts

360Modify — 2009-06-03T09:26:59-07:00

A debt settlement process is not meant for everyone however, it may be something to look into. Debt settlement is a method to help reduce your debts where the creditor and the debtor both agree on a repayment balance. The new payment balance will be used to consider the debt as paid in full. The debtor must consider that if he or she is making the minimum payments then the creditor is not obligated to negotiate a reduced balance. Therefore, the debtor must be behind on payments where they incur a higher balance due to late fees and missed payments.

Creditors can be callous with their constant calls to collect on unpaid balances. Often times, this causes increased stress on top of the stress debtors already have with their debts. When working with a debt settlement company be sure to ask plenty of questions and do your research. One benefit debtors will notice is relief in their total expenses and their debt becomes a little more manageable.

Debtors will begin to notice that they will be able to improve their credit once they begin the settlement process. Debtors that are struggling with multiple debts, high interest rates and increasing balances may find the debt settlement as a solution for managing their finances.

Debtors must also consider the ramifications, with any solution, they decide to take. With debt settlement it will initially hit your credit score and bring it down but can be improved over the next couple of years. The debtor may be faced with taxes since the IRS sees a debt settlement as an income or gift.

While a debt settlement solution is not perfect there are benefits a debtor may weigh in their favor. Ultimately, the debtor must work with a debt settlement company with the experience and knowledge to navigate the settlement process. The intention is to help the debtor better manage their finances. Read more in www.360Modify.com

Jon Barrett, MBA, LATAM Services. 360 Modify Inc., Author/Contributor

ORANGE FINANCIALS

riteshorange — 2009-04-06T23:46:28-07:00

Basics of Stock Market

If you are looking for accurate and best SHARE TIPS, you are at the right place. Our performance is simply the best and most accurate, showing both the profit and the losses in STOCK TIPS & NIFTY TIPS.

We follow

Research on undervalued securities
Best management practices
Check On strong financials
Highly Customer Centric
Believes in customer profitability

"With us you don't buy stocks, you buy prospering businesses"

�

RE: want to kow about mortorage calculator

danieljones112 — 2008-12-09T00:23:33-08:00

��That�s good you had opted for finances it�s a good field. And for the information about motorgage calculator you have to visit �Amortization Schedule, Mortgage Payment Calculator

RE: Information about motorgage calculator

danieljones112 — 2008-12-09T00:20:50-08:00

yes you can get all the information about online motorgage calculator for that you have �to visit ��motorgage calculator

RE: Need to know about motorgage calculator

danieljones112 — 2008-12-09T00:15:49-08:00

�That�s good you had opted for finances it�s a good field. And for the information about motorgage calculator you have to visit Amortization Schedule, Mortgage Payment Calculator

Need to know about motorgage calculator

stevenwhite39 — 2008-12-08T02:22:22-08:00

Hey, I am doing MBA and taken specialization in finances, and after my MBA I want to join bank and related to the same field for that I want each and every information about motorgage calculator.

Information about motorgage calculator

stevenwhite39 — 2008-12-08T02:21:45-08:00

Hey, I am very new to the field of finance so for that may I get the information about online motorgage calculator. And how to use it online and if I am not online then how can I use it?

want to kow about mortorage calculator

stevenwhite39 — 2008-12-08T02:19:52-08:00

Hey, I had recently joined a finance company where I have to deal with loan so for that I want information about Mortorgage calculator which will help in my job.

RE: Picking Penny Stocks With An Automated System !!!

smoky8 — 2008-01-13T18:40:36-08:00

The "DoublingStocks" Newsletter is a members-only penny stocks investing recommendations newsletter, created both for novice and advanced investors in penny stocks trading. Besides providing you all the terms and concepts to begin, you will find out a very Valuable and real-time investing Materials...like how to use "Fundamental" and "Technical" analysis...where to buy penny stocks...what the financial ratio's indicate and what influence that can have on your investment. There is also a fast and simple section on how to use your weekly trade recommendations to its fullest, counting essential information on how many positions to take and methods for locking in profits!...Visit The Website Now: http://shurl.net/5MB

Moreover, The Author/Broker will assist you study more about penny stocks by sending you a Penny Stocks "101 Email" every other Friday. In this email, The Author/Broker will talk about not only the fundamentals of penny stocks trading, but also the inside details of how stocks are priced, how volatility and time decay effect premium values, and what you can do to improve your trading profits!...You Can Try The "DoublingStocks" Newsletter, Absolutely FREE For 8 Weeks!...Start By Signup Today: http://shurl.net/5MB

To Your Success,
A Professional Stocks Investor
Dan A.

Picking Penny Stocks With An Automated System !!!

smoky8 — 2008-01-13T18:18:42-08:00

raj

rajanarayana — 2007-10-31T21:35:23-07:00

The company looks cheap with a market cap to sales ratio of 1.25x

Stock Market India — 2007-09-27T23:53:58-07:00

Elgi Equipments Face Value - Rs 1 Buy Rs 59.35

Ticker: 522074 Equity: Rs 6.00 crore H/L: Rs 68/46.65

Elgi Equipments is currently the market leader and Asia's largest manufacturer of air compressors and automobile service station equipments. Its core business of air compressor will witness strong growth. Elgi is all set to benefit from the rising capex in its client industries like mining, defence, transport, pharmaceuticals, power, oil, railways, textiles, printing, ship building, paper and electronics. All these industries require air compressors.
Elgi has planned capital expenditure of Rs 536 million over the next 12-18 months. This demonstrates the confidence the company currently has, in its businesses since Elgi is undertaking a capex of such a magnitude after ten long years.
Elgi has recently entered into the manufacturing engineering business which is a high-margin low-volume business. A significant part of the company's planned capital expenditure would go into this business. The company also plans to enter into the gas compressor business if it gets a right technology partner. This is a huge opportunity for Elgi

On the Valuation front, the CMP of Rs 59.40 discounts its trailing 12 month earnings by 20x and we feel the company is expected to post good results in FY08. On the other parameters too, the company looks cheap with a market cap to sales ratio of 1.25x. So, we recommend investors to buy this scrip at the current level.

We recommend a buy on this counter at the current level

Stock Market India — 2007-09-27T23:44:10-07:00

Honda Siel Power Face Value - Rs 10 Buy Rs 253.15

Ticker : 522064 Equity: Rs 10.14 crore H/L: Rs 275/ 140.75

Honda Siel Power Products (HSPPL) offers a range of portable power products like, gensets, engines, water pumping sets, lawnmower and brush cutters. Likely surge in demand for the products offered along with focus on rationalizing the costs would enable it to scale up its financial factors like longer duration power disturbances.
On the back of rising demand for higher-end gensets from small industrial/private setups and the company's focus on the same, the realization is expected to improve and thereby drive up sales.
HSPPL is focusing on developing new applications for its general purpose engines (GPE). With volumes likely to increase by around 15 per cent and margins remaining more-or-less stable, the business of GPE and water pump sets is expected to contribute to the company's sales growth. With its cash and land valued at Rs 126/share, the stock provides adequate cushioning to investors thus protecting the downside risk. At the CMP of Rs 258, the stock is trading at 15x of its FY07 EPS of Rs 17.10. We recommend a buy on this counter at the current level.

The valuation of this stock is expected to improve, going forward

Stock Market India — 2007-09-27T23:34:36-07:00

Alfa Transformers Face Value - Rs 10 Buy Rs 76.10

Ticker: 517546 Equity: Rs 4.73 crore H/L: Rs 88/47

Alfa Transformers (ATL) produces electrical distribution & power transformers ranging from 10KVA, 12KV class to 10 MVA, 36 KV class. ATL is now a major supplier to utilities, multinationals and domestic corporates.

The industry as a whole is growing and it is to be noticed that the demand for smaller size of distribution transformers like 16KVA to 100KVA has grown significantly due to the special thrust given by central and state governments for rural electrification under the AREP scheme.
The company has signed a MoU with Hitachi Metals (India) in May 2007 for starting their Metaglas Amorphous Project at their Unit II plant at Bhubaneswar. It is hopeful that the installation of these machineries will be completed by December 2007 and the project will commence production during the last quarter of the current financial year. Once this project is started, the company is expected to improve its margins.

On the valuation front, at the CMP of Rs 74, the counter is trading at 25x of FY07 results and if we look at the first quarter results, the FY08 results are expected to be much better as compared to FY07 and hence, the valuation is expected to improve, going forward.

NSEMUMBAIBULL Strong BUY - Paramount Communications Ltd - Target Rs.40/-

VINCENT. D'COSTA — 2007-09-17T00:51:16-07:00

Dear Investor/Clients,

NSEMUMBAIBULL Strongly recommending to BUY

"PARAMOUNT COMMUNICATIONS LTD" @ CMP, target with in 4 weeks is Rs. 40 /-.

Paramount Communications has commenced land development and civil construction on 25 acres of land in Khushkhera Industrial Area, District Alwar, Rajasthan for setting up of a new manufacturing facility for power cables in accordance with the 3rd phase expansion plan of the company. The said land is located just opposite to the existing plant of the company and has been recently allotted to the company by RIICO, Rajasthan.
The main objective of this land acquisition is to embark on further expansion by induction of additional capacity in power cables.

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group

http://in.groups.yahoo.com/group/NSEMUMBAIBULL
-----------------------------------------------------------------------------------------------

--------------------
: : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
-----------------------------------------------------------------------------------------------

--------------------

Dalaal Street Quick Recommendations in Short

Stock Market India — 2007-09-16T22:04:20-07:00

TECHNICAL :-

HINDUSTAN UNILEVER 500696 B 217,

INDUSIND BANK 532187 B 57,

NAGARJUNA CONST 500294 B 220,

NATIONAL FERT 523630 B 36.65

HOTCHIPS :-

IEC SOFTWARE 531840 B 9.17

YES BANK 532648 B 183.80

TORRENT PHARMA 500420 B 203

PUNJ LLOYD 532693 B 296

CHOICE SCRIP :-

ABB 500002 B 1215.20

LOW PRICE :-

VADILAL IND 519156 B 78.40

ANALYSIS :-

JAIN IRRIGATION 500219 BUY ON DECLINE 475,

IKF TECH 532414 S 7.5

NEW ISSUE :-

KOUTONS RETAIL IND RATING 47 BUY PRICE 370-415

CONSOLIDATED CONSTRUCTION CONSORTIUM RATING 49 BUY PRICE 460-510

Great Earning Opportunity through Online

pragneshcs — 2007-09-15T05:08:35-07:00

Hello,

Great Opportunity If you are serious about your Future

Have you heard of Strong Future International? I just signed up as an affiliate with them. One of the things I really like is they allow you to "test drive" their program FREE for as long as you want. I also like that they've been in business since 1985. I'll let you know how it's working out for me the next time we get together.

For More Information
Please Visit us->
http://www.ezinfocenter.com/9833990/CB

If found any difficulty to register, contact Me at: pragneshqa@yahoo.com

Thanks with Regards,
Pragnesh Patel

Scrip has a good upside potential and we recommend investors to buy the scrip at the current level

Stock Market India — 2007-09-02T13:33:05-07:00

Sunil Hitech Engineers Face Value - Rs 10

Buy Rs 204 Ticker: 532711
Equity: Rs 10.03 crore H/L: Rs 234/67.10

Sunil Hitech Engineers (SHEL) specializes in fabrication, erection, and testing & commissioning of thermal power plants with high precision quality and timeliness. The company has come a long way by stabilizing its operations. It has also acquired enough assets by way of heavy construction equipments and quality human resources with adequate experience.
SHEL has recently diversified its portfolio of services by venturing into the hydropower plants, setting up of transmission substations, steel structure erection and manufacturing of pressure parts. These services would further give a fillip to the company's growth.
SHEL has accumulated a sizeable order book over the few years. The company's present unexecuted order book stands at Rs 800 crore to be executed over a 3-year period approximately. Further, the company has bid for 7-8 contracts worth Rs 400 crore from where orders are awaited.

On the valuation front, at the CMP of Rs 204.65, the company is trading at 27x on the basis of trailing four quarters. But on account of higher order book, we feel the scrip has a good upside potential and hence, we recommend investors to buy the scrip at the current level.

Best Probable Turnaround Candidates - Buy Now

Stock Market India — 2007-09-02T03:51:46-07:00

Tata Tele. Maharashtra Face Value -Rs 10

Buy Rs 31.50

Ticker: 532371 Equity: Rs. 1,809.50 crore

H/L: Rs 32.9/16.2

One of the best probable turnaround candidates, TTML is surely a counter to look out for. The last six quarters tell the entire story of this turnaround, as the company has fantastically brought down its losses to Rs 28.43 crore in Q1FY08 from Rs 151.76 crore loss in Q4FY06.
In fact if you look at the last ten quarters, this company has posted revenue growth in every quarter. So effectively the company is trying to bring out a turnaround not only through cost cutting, but also through revenue growth.
Looking at the way the company has curbed its losses, there is a possibility that the company might come into the green and post profit in the coming September quarter itself. Then the company will start commanding better valuations going forward.
TTML provides telecom services in the region of Maharashtra and Goa. With the company strategy of controlled aggression, TTML has grown its presence from seven towns in FY04 to more than 400 towns with a total subscriber base of more than three million

Strong Buy Signals - Holding Period 5 to 10 days

Stock Market India — 2007-08-29T06:46:41-07:00

MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD � FIVE to TEN DAYS
SBI � ( CASH - Rs.1573.85) : The stock which made a low of Rs.1407 a few days back has completed the correction which started from Rs.1734. It is presenting another buying opportunity. Stochastics has given a strong buy signal. Buying is suggested above Rs.1585 with a slightly loose stop loss of Rs.1539 for a target of Rs.1610/1640/1670. Higher targets of Rs.1700 plus are possible within a month�s time.
RELIANCE ENERGY � ( CASH - Rs.782.15) : This chart structure is looking extremely positive and both the 14 day RSI and StochRSI has given a fresh buy signal. Buying is advised above Rs.786 for a target of Rs.805/817 and Rs.838. Stop Loss of Rs.764 should be kept.

Buy Recommendation - Sanghvi Movers and Aditya Birla Nuvo

Stock Market India — 2007-08-26T20:38:58-07:00

[Sanghvi Movers Face Value - Rs 2 Buy Rs 199.50]

Sanghvi Movers is all set to benefit from the increase in infrastructure and industrial activity in the country. Industries like power, urban infrastructure, construction, and metals are expected to undertake capital expenditure which will lead to greater demand for cranes.

The company plans to acquire about 30-35 cranes over the next two years which will entail a total capital outlay of Rs 2,900 million. The company plans to maintain its market leadership through this expansion plan. Currently, the company has 52 per cent market share in the crane hiring business in India.

Historically, the company had a very high financial leverage. It has recently raised equity capital through private placement and issue of warrants to the promoters which has reduced the amount of financial leverage and thus the consequent risk attached to it.

On the valuation front, the CMP of Rs 998.95 discounts its FY08E earnings by 13.86x which we think is below its historical range and hence we recommend investors to buy this scrip at the current level.

[Aditya Birla Nuvo Face Value - Rs10 Buy Rs 1281.95]

The consolidated financial performance of Aditya Birla Nuvo is good with the total revenue up by 78 per cent to Rs 2320.8 crore while net profit was up 50 per cent to Rs 99.8 crore on Y-o-Y basis. Revenues from subsidiaries and joint ventures, where the company has made substantial investments in the past, saw a phenomenal rise of 202 per cent from Rs 522.5 crore to Rs 1579.8 crore.

However, standalone performance was not good as the total revenue declined by five per cent to Rs 741 crore and net profit came down by 53 per cent to Rs 26.5 crore on Y-o-Y basis. The revenue was impacted by the shutdown of the fertilizer plant, high interest cost on borrowings for funding of investment in Idea and various other capex initiatives.

The company has strong capex plans of Rs 600.50 crore in FY08 and Rs 419.10 crore in FY09 in its subsidiaries to be financed thorough internal accruals and debt. The management is quite bullish on its segments and has stated that except IT services where its outlook is of moderate growth other segments are expected to grow positively.

On the valuation front, the CMP of Rs 1280 discounts its consolidated FY08E earnings by 29x. This gives the scrip some scope for upward movement and hence, we recommend investors to buy the scrip at the current level.

Hot Buy Call: The sharp decline over the past week offers a good opportunity to take exposures to this stock

Stock Market India — 2007-08-19T21:12:14-07:00

The sharp decline in the broad markets over the past week offers a good opportunity to take exposures to the stock of Bharti Airtel � the market leader in the Indian mobile telephony market. Strong subscriber additions, substantial investments in capex and possible new revenue streams from overseas forays and businesses such as broadband and IPTV, suggest strong earnings growth prospects for the company over the next few years. The stock trades at about 32 times twelve months earnings, after declines linked to broad market weakness and lower-than-expected first quarter results. Investors can accumulate the stock at current levels as well as at any further declines.

Bharti Airtel continues to dominate the mobile telephony space in the country, with 1.9 million subscribers a month, at least half a million ahead of its nearest competitor. Bharti's average revenue per user (ARPU), at Rs 390, is much higher than the national average of Rs 298, indicating a continued ability to command a premium over other operators. There also appears to be scope for offsetting any decline in ARPUs through value added services. The recent tariff hike effected by the company for SMS and local calls, may also help realisations.

Over $3-billion worth of capex rollout over the next few years, including components like next generation networks (NGN) and 3G-ready networks, will enable Bharti to service a rapidly increasing subscriber base and start 3G services, as and when policy clarity emerges. International calling cards, a thrust area, may also open up revenue streams with relatively higher margins. With the company winning licenses to deliver 2G as well as 3G services in Sri Lanka and committing $200 million towards expansion, Bharti appears well placed to position itself strongly in the Sri Lankan market, which has reasonable untapped potential.

Mobile telephony apart, Bharti's Broadband and Telephone (landline) division has also been making headway, and garnering an ARPU of Rs 1,120, much higher than the national average. The impending rollout of new services such as IPTV (Internet protocol television), DTH (direct to home) may help revenues and margins. Key risks to the earnings outlook arise from any inordinate delay in release of 2G spectrum. A delay in the 3G policy announcement could mean loss of potential opportunity. Regulatory intervention on tariff increases and heightened competition in national and international long distance services, are risks as well.

My 10 Favourite Stocks in this Falling Market

Stock Market India — 2007-08-16T22:41:27-07:00

Falling market is bad for some people, it may be good for some people - but then atleast it's good for me when I am sitting on cash since last couple of months waiting for this period.

A good investment strategy is to buy when the world is selling, and sell when the world is buying

Anyways here is what I am just watching right now, and would finalize the picks, but thought to share with you the watchlist at least.

1. Reliance Communication - I love Telecom Industry now a days
2. Reliance Industries - All time favourite Stock, Will pick up once available
[rather I am watching all reliance group stocks - Reliance Energy, Reliance Capital and specially Reliance Petroleum, you may call them "chor" or not... as long as they are giving money to me, I don't mind]
3. Dena bank - I had passed you the information for this stock, as they say the target can be around 80 for this stock
4. GMR Infra - It has got good orders, and if you see it's 25% down from it's high 2 weeks back. Correcting to actual valuations.
5. IFCI - Wish I would not have sold this stock at Rs 16 couple of years back, I would have earned a lot here... but it's good to correct your mistakes you know.
6. State Bank Of India - Wherever you can find this stock cheaper, accumulate it
7. ICICI Bank - I would still accumulate it more, though have been alloted 100s in FPO.
8. Idea Cellular - Good results, almost 3 times than prev... Why not to watch this.
9. Reliance Petroleum - Gonna give you good returns in one year
10. Tata Tele - It will be a turn around story this year. It has been CEOed by a turnaround master who changed the face of Tata Infotech. Watch this stock, it's coming up from losses to head towards Profits.

Receive Free Intraday Calls via SMS

Leoganesh — 2007-08-15T22:47:14-07:00

Dear Friends,

Breaking News : Receive Free Intraday Calls via SMS from

www.theindianstocks.com

All you need to do is Register for FREE @ www.theindianstocks.com and then follow this steps given below :

http://theindianstocks.com/messageboard_details.php?msgid=13041

You need to be a REGISTERED MEMBER of www.theindianstocks.com to receive calls via SMS.

The registration process is very simple and is 100 % Free.

From A Die Hard TISian.

Multibagger Stock: Almost 80% Returns Expected if Invested

Stock Market India — 2007-08-12T11:29:24-07:00

Punj Lloyd is increasingly focusing on the high value added Hydrocarbon vertical where the margins are higher and the work is also more specialized

Current Market Price: Rs 275.30; Target Price: Rs 500

Punj Lloyd is a leading construction company with two major verticals, namely Hydrocarbon and Infrastructure. It also has an overseas subsidiary SembCorp. It is showing significant growth in both its verticals due to strong order flows in the Oil and Energy sector and in basic infrastructural sectors. During the first quarter which just ended, Punj Lloyd reported an increase in its net sales of 73%, EBITDA of 39% and a net profit growth of 126% to Rs. 59.5 crores on a consolidated basis. The quarter was marked by a robust growth in new orders in the pipeline division.
REASONS TO BUY:
1. The company is increasingly focusing on the high value added Hydrocarbon vertical where the margins are higher and the work is also more specialized. There has been an impressive improvement in the profitability of SembCorp.
2. The debt level is reduced significantly and the debt / equity ratio now stands much lower than one.
In terms of valuation it is trading around 22 times its expected EPS to Rs. 12 for 2007-08. This is an almost 100% improvement on the EPS just concluded financial year.
CONCERNS:
1. A possible reduction in order flows in Hydrocarbons.
2. Delay in execution leading to under achievement of profit targets.

::::::NSEMUMBAIBULL:::::: Special Investment Recommendation

VINCENT. D'COSTA — 2007-08-10T00:46:28-07:00

Dear Investors/Clients,

::::::Special Investment Recommendation::::::

NSEMUMBAIBULL Equity Research Team Strongly Recommended to BUY �South Asian Petrochem Ltd� @ Rs. 16/- with a target Price of Rs. 24/- with in short period. This is 51th Stock recommendation from our research team.

Some Financial Informations :

Net profit of South Asian Petrochem rose 620.59% to Rs 34.30 crore in the quarter ended June 2007 as against Rs 4.76 crore during the previous quarter ended June 2006. Sales rose 26.21% to Rs 264.76 crore in the quarter ended June 2007 as against Rs 209.77 crore during the previous quarter ended June 2006.

All recommended call status available on our website.

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,

DALAL STREET,

MUMBAI, INDIA

Website http://www.nsemumbaibull.com

Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL

----------------------------------------------------------------------------------------------------------------

: : : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :

----------------------------------------------------------------------------------------------------------------

BUY Mutli bagger Stock with Possible 44% Gains

Stock Market India — 2007-08-09T11:10:33-07:00

Micro Technologies : Reco Price Rs. 243.00

Micro Technologies specializes in creating custom-tailored solutions for its clients. The stock can be expected to reach around Rs 350 in the next one year.

Micro Technologies specializes in creating custom-tailored solutions for its clients. It is basically a software company into security products like vehicle security, mobile phone security and credit card security. Some of its clients include Airtel, Idea, Mahindra & Mahindra, MTNL.

In the mobile phone security business, the company recently tied up with Bharti Airtel to offer Micro LMTS (Lost Mobile Tracking System) to increase the security of mobile handsets of Airtel subscribers. Symbian status achieved Micro LMTS (Lost Mobile Tracking System) is an innovative product of the company. The application works on GSM Technology. This hidden software in the users mobile informs the user about the new Mobile number (that has been replaced by the original Mobile Number), IMEI Number with the current location of the handset through an SMS alert along with an email to the provided email address. This tie-up would be beneficial for the company as it will expand its reach to a large number of mobile subscribers.

One of its products, Micro VBB, is an anti-theft security system that enables the user to detect any unauthorized access to his vehicle. In case of a theft, the user has to send commands in a prescribed format via SMS to a particular number. Once the SMS reaches the system, it immobilizes the car engine and locks the doors. Over 2,000 private car-owners, including corporate customers, are currently using this remote activated device. Another product, Micro house security system (HSS), can be used on premises to alert users of any unauthorized entry, again through an alert message.

In the car security business, the company entered into a strategic agreement to market Micro VBB to South Africa, which is one of the largest markets for these Security solutions. South Africa and other adjoining countries have a very lucrative and rapidly expanding market, which offers excellent opportunities for the company's vehicle security products. The market is aware of the fast pace of the new technologies involved in Security Management and the need for up-to-date asset security and safety systems, combined with an early-mover advantage will give the company an edge above the others.

The company also had recently held along with Mumbai Police and Western India Automobile Association a Vehicle Safety and Security Week to introduce and make people aware of the latest technological devices and other preventive methods to overcome the menace of vehicle theft. The government is also reported to be considering a rule that all cars need to have an anti-burglary system, which should be beneficial to the company.

The company on July 20, 2007, issued and allotted 0.5% Coupon Foreign Currency Convertible Bonds (FCCBs) with a maturity of 5 years and three days. The FCCBs were issued in the principal amount of US $ 15 and are convertible into ordinary shares of the company at an initial conversion price of Rs 312.84 per share. The FCCBs, have a 7.75% per annum yield to maturity (calculated on a semi-annual basis).

The company also has approved the allotment of 2,50,000 equity shares to Bennett, Coleman & Co. Ltd., at a price of Rs 250.40 on preferential allotment basis and also 9,00,000 warrants to Micro Associates Consultancy (I) Pvt Ltd. at Rs 250.40 per warrant with the option to convert one warrant in to one equity share, on preferential allotment basis.

The company has also finalized strategic plans to expand its operations in the US market. The company has extended its operations in the US market through one of its subsidiary Micro Technologies US Inc. According to the company, the FCCB funds issue would be used for extensive operations of the company's products in US. The revenue amounting to US $ 50 million out of this operation is expected to flow in coming 18 months with micro access control system and micro vehicle black box - navigator.

Micro Technologies has been growing at a rapid pace. For the full year, net profit rose 83.58% to Rs 32.09 crore in the year ended March 2007 as against Rs 17.48 crore during the previous year ended March 2006. Sales rose 81.63% to Rs 106.36 crore in the year ended March 2007 as against Rs 58.56 crore during the previous year ended March 2006.

For the current quarter ending June 07, Net profit rose 61.66% to Rs 10.54 crore as against Rs 6.52 crore during the previous quarter ended June 2006. Sales rose 55.73% to Rs 34.51 crore as against Rs 22.16 crore during the previous quarter ended June 2006. The company can be expected to clock in an EPS of Rs 40 on a fully diluted basis. The revenues are also estimated to grow at around 60-70% CAGR.

HDFC Trustee holds around 5.7% equity, while Goldman Sachs has a 8.55% stake in the company as per the data on 30th June 2007. The stock can be expected to reach around Rs 350 in the next one year.

Mutli bagger Stock - Current Price at Rs. 33.10

Stock Market India — 2007-08-09T10:23:33-07:00

As on 31st March 2006, Oswal Chemicals and Fertilizers had cash andbank balance of around Rs 1300 crores. Assuming an annual return of 10%on the surplus cash with the company, the current cash could be aroundRs 1450 crores. The market cap of this debt free company at the currentprice is Rs 835 crores.

Oswal Chemicals & Fertilizers Ltd.
CMP � Rs. 33.10; NSE Symbol � BINDALAGRO
For Oswal Chemicals & Fertilizers, its name itself is amisnomer. The company's current business has nothing to do with eitherChemicals or fertilizers � Infact, as of now, the company is withoutany business. Oswal Chemicals & Fertilizers is a part of Punjabbased Abhay Oswal group. The company had put up mega fertilizerprojects at Shahjahanpur in Uttar Pradesh and Paradeep in Orrisa.
The company sold off both the plants in FY 2005-06. The company soldoff its Urea Plant at Shahjanpur, U.P. to Kribhco Shyam FertilizersLtd. (KSFL) for a sale consideration of around Rs1900 crores. Thecompany also sold its DAP plant located at Paradeep, Orissa to IndianFarmers Fertiliser Cooperative Ltd. (IFFCO). The company received aconsideration of Rs 240 crores towards the Sale of the plant and inaddition, IFFCO has taken over liabilities aggregating to Rs 2053Crores of Term loan lenders and Working Capital lenders and OCPS/OCCRPSliability aggregating to Rs 327 Crores.
ConclusionOswal Chemicals is a company which is without any businessoperations after the sale of both the fertilizer plants. However, withthe sale of both the plants, the company's balance sheet is now debtfree, the company's net worth has become positive and the company has aCash and Bank balance of around Rs 1300 crores (as on 31st March 2006).
The comforting factor is that the company is available atover 40% discount to its cash value. As on 31st March 2006, the companyhad cash and bank balance of around Rs 1300 crores. Assuming an annualreturn of 10% on the surplus cash with the company, the current cashcould be around Rs 1450 crores. The market cap of this debt freecompany at the current price is Rs 835 crores.Long Term Investors can accumulate the stock at the current price and on declines.

NSEMUMBAIBULL Strong BUY - Multi bagger Scrip- "L G Balakrishnan & Bros Ltd"

VINCENT. D'COSTA — 2007-08-07T10:57:01-07:00

Dear Investors/Clients,

NSEMUMBAIBULL Strongly recommended to BUY "L G BALAKRISHNAN & BROS LTD @ Current Market Price. [ BSE: 500250 NSE : LGBROS ] Target with in 3 weeks is Rs. 33 /-

This is 50th Stock Recommendation from NSEMUMBAIBULL Equity Research Team.

We are very happy to inform you that our 43rd recommendation achieved more than 69 % return with in few weeks. All our recommended call status available on www.nsemumbaibull.com

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL
-------------------------------------------------------------------------------------------------------------------
: : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
-------------------------------------------------------------------------------------------------------------------

Indian Hotels: An investment can be considered

Stock Market India — 2007-08-05T20:47:16-07:00

An investment can be considered in the stock of Indian Hotels, trading at a price earnings multiple of 26 times its trailing per-share earnings (on a stand-alone basis). The valuation is more attractive on a consolidated basis (22 times 2006- 07 earnings). While we expect some moderation in average room rates over the next year, volume growth from room additions is likely to contribute to strong revenues, helping sustain profit growth. Indian Hotels has reported another strong set of numbers for the June quarter, with a performance that is vastly superior to its peers. The diversified presence of the Taj chain has helped it counter the impact of declining occupancy rates and flat average room rates in cities such as Hyderabad and Bangalore. The good earnings numbers are despite an appreciating rupee; a substantial portion of the company's earnings are in forex.
Indian Hotels has now decided to adopt a universal "rupee" tariff across its properties in India, in line with the global practice of charging a uniform rate to domestic and foreign customers. This shift to rupee tariffs will stem the impact of an appreciating rupee on earnings, though it may reduce the premium charged to foreign guests. In our view, a single tariff may find favour with foreign tourists and stimulate demand. Competitors too are seriously considering the shift to a single tariff structure. With rooms continuing to be in short supply over the next one year, room rates could thus remain firm (although the growth is likely to moderate considerably from the 30 per cent recorded in 2006-07).
Over the longer term, fresh supply of rooms is expected to moderate room rates. However, Indian Hotels is leading the supply growth in the business and luxury hotels segment, as it continues on a heavy capex phase. This makes it better placed than its peers to counter the decline in average room rates expected in 2009.
Indian Hotels has been aggressive with its overseas acquisitions. Its international properties contributed 25 per cent to its overall revenues in 2006-07, up from 11 per cent in the previous year.
Having completed the first phase of its foray into the US, it is now setting its sights in the Asian hotel market, which appears more promising from a growth perspective. A rights offer proposal is under consideration for funding growth, this may present a good opportunity to accumulate the stock.

Buy this Stock with Investment Horizon of 2 Years

Stock Market India — 2007-08-05T04:11:47-07:00

A roster of blue-chip clients and focus on Europe where growth prospects for telecom services are strong, make the company's stock a good investment option.

Investors can buy the Tech Mahindra stock with a two-year horizon considering the healthy growth prospects for its service offerings in Europe, its blue-chip clientele and status as an integrated telecom software player. The stock was marked down significantly during the recent meltdown in mid-tier IT stocks; investors can use this opportunity to buy.
The stock trades at 23 times its current year's earnings and is at a discount to other telecom software companies such as Sasken, as well as larger IT companies such as HCL Technologies and Wipro, making it a reasonable investment option.
Tech Mahindra broadly caters to three sets of clientele � telecom service providers (TSP), telecom equipment manufacturers (TEM) and independent software vendors (ISV). Its IT services offerings include application development and maintenance, system integration, product engineering, managed platforms and services, consulting, testing and BPO services, among others.

Multibagger Stock - Pick up at Rs. 27 - Read Analysis

Stock Market India — 2007-08-02T13:32:14-07:00

Tata Teleservices (M) : Reco Price Rs. Rs.27.10

On EV/Sales and EV/ EBIDTA, TTML is trading at cheaper valuations. Also in terms of EV per subscriber, the company is cheap compared to peers. We believe TTML would witness strong growth from the current smaller base with its plans of adding 1 lakh subscribers every month.

Tata Tele (TTML) is a listed subsidiary of unlisted Tata Teleservices Ltd which has pan-India operations. The company provides fixed line, CDMA-based mobile and fixed wireless services in Mumbai and Maharashtra. TTML has efficiently managed to reduce its earlier losses, with strong improvement in EBIDTA margins in past few quarters during FY07. The company posted a Cash Profit of Rs 131 crore for FY07 against Cash Loss of Rs 21 crore in FY06.

Financials
Net Sales up by 24% y-o-y with strong improvement in EBITDA in Q4 FY07 TTML has witnessed 24% y-o-y and 5% q-o-q growth in net sales to Rs 380.43 crore. This is backed by the strong growth in subscriber as witnessed during FY07. Also the company is witnessing strong improvement in EBIDTA margins on account of growing scale of operations, which has resulted in some fixed nature costs like Network operation, interconnect-access costs and Administration costs to decline q-o-q in past few quarters.

Valuations
At current market price of Rs 27.10, TTML is quoting at EV/Sales and EV/ EBIDTA of about 4.95x and 22.62x respectively of its TTM earnings as on Mar'07.

Growth
- Telecom Services Providers market grew at CAGR of 52% over last 2 years, while TTML grew at a CAGR of 89% in the same period.
- On the operational front the company's current initiatives are helping it to cut down on costs, which have resulted in strong improvement in EBITDA margins, significant improvement in cash profits and productivity.
- TTML would focus on rural areas to drive its growth, where currently it is witnessing over 60% q-o-q increase in subscriber base, which stood at 2 lakhs in Q4 FY07 up from 1.09 lakhs in Q3 FY07.
- TTML is currently in its fourth year of wireless operations, a huge market yet to be explored, which going forward would yield strong revenues for TTML.
- TTML had incurred capex of Rs 738 crore in FY05, Rs 507 crore in FY06, Rs 564 crore in FY07 and plans to incur Rs 600 crore capex in FY08.
- The numbers of sites of TTML for providing services have also moved up from 694 in FY05 to 1234 in FY07.
Since the company is currently making losses, it could not be compared on PER basis with the peers in the Telecom Industry. However on EV/Sales and EV/ EBIDTA it is trading at cheaper valuations. Also in terms of EV Per Subscriber the company is cheap compared to peers. We believe TTML would witness strong growth from the current smaller base with its plans of adding 1 lakh subscribers every month. Also the current initiatives would further improve its operational efficiency thereby wiping-off all the losses and witnessing strong growth momentum going forward.

NSEMUMBAIBULL Strong BUY "Sunflag Iron and Steel Company" - Target Rs.22

VINCENT. D'COSTA — 2007-07-30T06:49:29-07:00

Dear Investors/Clients,

NSEMUMBAIBULL Strongly recommended to BUY "Sunflag Iron and Steel Company @Current Market Price. Target with in 3 weeks is Rs. 22/-

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL
----------------------------------------------------------------------
: : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
----------------------------------------------------------------------

One more BUY Call from Dalaal Street Journal

Stock Market India — 2007-07-19T21:20:45-07:00

Corporation Bank Face Value - Rs 10 Buy Rs 382.05
Ticker: 532179 Equity: Rs 143.44 crore H/L: Rs445 /205.25

Corporation Bank has a wide network of 901 branches and is now into expanding its network to reach the target of 1000 plus branches by FY2008. The bank has a strong presence in the South and has initiated concentration in the Northern and Central India. This expansion is expected to help the bank improve its CASA ratio and reduce the cost of funds.

To top this all, the bank enjoys comfortable Capital Adequacy Ratio (CAR). The bank is well positioned to meet the fund requirements of its growing phase. It is estimated that, even after Basel II norms, the Tier-I Capital would prove to be sufficient.

Corporation Bank has registered a strong growth in advances at 25 per cent y-o-y in FY07. This in turn has led to 12 per cent increase in the bank's net interest income. Further on, this growth in advances is expected to be around 23 per cent for FY08 and 21 per cent for FY09.

The asset quality of the bank has improved, the net NPAs have declined to 0.47 per cent from 0.64 per cent last year. The revival of NPA has also been good with the bank recovering Rs 190 crore. On the financial front, the company's Net Interest Margin is strong at 4.60 per cent. Although NIM has declined a bit, we think it is at comfortable levels.

Best Short Term BUY Calls from Dalaal Street Journal

Stock Market India — 2007-07-19T21:06:01-07:00

Ballarpur Ind. Face Value - Rs 10 Buy Rs119.50
Ticker: 500102 Equity: Rs 170.26 cr. H/L: Rs130.40/95.70

Ballarpur Industries (Bilt), the largest paper company in India, is well prepared to capitalize on the upside in business fortunes, with a convincing product profile and a strong balance sheet.

Bilt is the market leader in high value-added coated paper, business stationery and maplitho paper segments. The company's leadership position coupled with the robust demand for paper, will help it achieve sustained price growth. The management's appetite for inorganic growth and securing its wood pulp requirements, places it in a most advantageous position.

The company is expected to increase its capacity by 62 per cent to 990,000 tonnes per annum by FY10, through expansion. Its acquisition Sabah Forest, Indonesia (SFI), gives it an access to 289,000 hectares of land for captive plantation valid till 2094. The acquisition also adds 120,000 tonne per annum of pulping capacity and 144,000 tpa of paper capacity to its existing capacity of 530,000 tonnes.

Bilt has one of the best return ratios in the industry. The gearing is expected to remain stable despite significant capex plans. On the valuation front also, the company discounts its FY07E earnings by 8.25 (EPS expected at Rs 14.40). We recommend the investors to buy the scrip at current levels.

RE: Short Term (3 months) Buy Calls from E Mathew and Ashwani Gujral

trial7777 — 2007-07-18T01:58:08-07:00

Hello

If you want information on Indian stock Market, then i have come across this good website www.investinshare.com

Try checking out their share tips.
They also keep 1 daily free tip on their homepage www.investinshare.com

Give your cooments

Thanks

Trial7777

Short Term (3 months) Buy Calls from E Mathew and Ashwani Gujral

Stock Market India — 2007-07-15T22:10:23-07:00

E Mathew:

Buy Cinemax with a stop loss of Rs 151 for a short-term (3 months) target of Rs 185
Buy Hanung Toys with a stop loss of Rs 133 for a short-term (3 months) target of Rs 175

Ashwani Gujral:

Buy Hindustan Zinc with a stop loss of Rs 740 for a target of Rs 950
Buy SAIL with a stop loss of Rs 135 for a target of Rs 210

Again Short Term BUY Calls for Decent Gains (20-30%) on Investment

Stock Market India — 2007-07-11T21:37:20-07:00

- Ashwani Gujral

Buy GVK Power with stop loss at Rs 460 for target of Rs 600
Buy DLF with stop loss at Rs 560 for target of Rs 700

- E Mathew

Buy NDTV with a stop loss of Rs 415 for a short term (3 months) target of Rs 485
Buy Bata India with a stop loss of Rs 165 for a short term (3 months) target of Rs 193

- Deepak Mohoni

Buy Jaiprakash Associates below Rs 827 with stop loss at Rs 820. This is a day-trading recommendation.
Buy Union Bank of India below Rs 148 with stop loss at Rs 145. This is a day-trading recommendation.

NSEMUMBAIBULL Strong BUY ""MSP Steel & Power Ltd" - Target Rs.32/-

VINCENT. D'COSTA — 2007-07-11T02:07:21-07:00

Dear Investors/Clients,

We are very strongly recommending to BUY "MSP Steel & Power Ltd" @ current market price. Target With in 3 weeks is Rs.32/-.

This is 46th Recommendation from NSEMUMBAIBULL Equity Research Team. All our recommended call status available on our website.

Happy Trading & Investing,

NSEMUMBAIBULL
Dalal Street
Mumbai-India
www.nsemumbaibull.com
________________________

Short Term BUY Calls for 30-35% Gains and Day Trading Recommendations from E Mathew, Ashwani Gujral, Rajat Bose and Deepak Mohani

Stock Market India — 2007-07-10T19:48:49-07:00

E Mathew:

Buy Oriental Bank with a stop loss of Rs 223 for a short term (3 months) target of Rs 300
Buy Maharashtra Seamless only on declines with a stop loss of Rs 628 for a short term (3 months) target of Rs 755

Ashwani Gujral:

Buy Indotech Transformer with stop loss of Rs 395 for target of Rs 495
Buy Elecon Engineering with stop loss Rs 495 for target of Rs 630

Rajat Bose:

Buy Lanco Infratech with stop loss below Rs 219 for target of Rs 238 & Rs 246. This is a day trading recommendation
Buy Bharti Airtel with stop loss below Rs 868.50 for target of Rs 899 & Rs 906. This is a day trading recommendation

Deepak Mohoni:

Buy Divi's Lab below Rs 6750 with stop loss at Rs 6660. This is a day-trading recommendation.
Buy Lanco Infratech below Rs 229 with stop loss at Rs 224. This is a day-trading recommendation.

PowerYourTrade BUY Calls - Short Term for Good Gains

Stock Market India — 2007-07-09T21:26:24-07:00

E Mathew:

Buy Maharashtra Seamless only on declines with a stop loss of Rs 628 for a short term (3 months) target of Rs 755
Buy Oriental Bank with a stop loss of Rs 223 for a short term (3 months) target of Rs 300

Ashwani Gujral:

Buy Elecon Engineering with stop loss Rs 495 for target of Rs 630
Buy Indotech Transformer with stop loss of Rs 395 for target of Rs 495

Rajat Bose:

Buy Lanco Infratech with stop loss below Rs 219 for target of Rs 238 & Rs 246. This is a day trading recommendation
Buy Bharti Airtel with stop loss below Rs 868.50 for target of Rs 899 & Rs 906. This is a day trading recommendation

Ashwani Gujral and Rajat Bose gives Short term BUY Calls

Stock Market India — 2007-07-08T21:12:07-07:00

Ashwani Gujral

Buy JP Associates with a stop loss of Rs 740 and target of Rs 1160. This is an investment pick
Buy Mahindra & Mahindra with a stop loss of Rs 700 and target of Rs 1000. This is an investment pick

Rajat K Bose

Buy TCS with a stop below Rs 1135 with target of Rs 1195 and Rs 1210
Buy ABB with a stop below Rs1090 with targets of Rs 1179 and Rs 1215

BUY Call for Short Term for Gains of 40%

Stock Market India — 2007-07-08T20:20:39-07:00

Mercator Lines : Reco Price Rs. 50.70 Target: Rs.71 (Gain 40.00%)

Mercator Lines has strong support between Rs 44-42, in short run (3 months) has potential to touch Rs 71. Mercator Lines is a blue-chip shipping company, which posted excellent results for the year ended 31st. March 2007 � it posted Profit After Tax (PAT) of Rs.7.16 crore after charging an extraordinary expense of Rs.5.48 crore.

During the quarter ended 31st. March 2007 Mercator Lines (Singapore) Pvt. Ltd. � a subsidiary company acquired Kamsarmax Vessel of 82379 DWT. This subsidiary also concluded issue of FCCBs aggregating 5.1 crore US$ which is listed on Singapore Exchange.

For the year ended 31st. March 2008 it is expected (barring unforeseen events) that the consolidated financial result of Mercator Lines and its Indian & Overseas subsidiaries will yield an EPS of Rs 15.

Moreover, taking into account the valuation of it's Singapore Subsidiary & it's future plan of diversifying into the oil rigs business, the share has the potential to touch Rs.150/- over a period of 2 years. Technically speaking , scrip has got strong support between Rs 44-42 (which should be strictly maintained as the stop loss) and in the short run (3 months) has the potential to touch Rs 71.

Short Term BUY Calls from E Mathew and Ashwani Gujral

Stock Market India — 2007-07-08T20:16:42-07:00

E Mathew:
Buy Maharashtra Seamless on dips with a stop loss of Rs 616 (on closing basis) for a short term target of Rs 670/690
Buy Unitech with a stop loss of Rs 532 (On closing basis) for a short-term target of Rs 604.
Ashwani Gujral:
Buy ICICI Bank with stop loss of Rs 950 for a target of Rs 1115
Buy Tata Steel with stop loss of Rs 590 for a target of Rs 662/720

Dalaal Street - Positive guidance of 35 per cent in topline and 26 per cent in bottomline for FY08

Stock Market India — 2007-07-05T06:47:46-07:00

Power Finance Corp. Face Value - Rs 10 Buy Rs 162.80

Ticker: 532810 Equity: Rs 1,147.77 crore H/L: Rs 167.25 /101

* Power Finance Corporation (PFC) has emerged as a leading power finance company. Being a 'Nav Ratna' company, it enjoys higher levels of operational freedom and autonomy in decision-making.

* PFC is one of the best plays on power financing in India, with a projected funding requirement of Rs 10 lakh crore in the eleventh five-year plan. Taking advantage of its huge funding potential in power finance, PFC has managed to almost double its market share to 21per cent from the ninth to the tenth five-year plan.

* PFC's asset quality has remained healthy over a long period of time. Despite significant exposure to State owned PSUs, which have been making cash losses, PFC has been able to receive timely interest payments from them. Here an escrow payment mechanism is formed in almost all loans given to SPSUs, where in case of a default; PFC reserves the right to direct the borrower's banker to remit the amount to PFC for clearing the dues.

As far as the financial performance of the company is concerned, it has been strong in past. PFC's management has given a positive guidance of 35 per cent in topline and 26 per cent in bottomline for FY08. On the basis of above guidance, we expect the company to post a profit of Rs 1250 crore as compared to Rs 983 crore in FY07. Based on that guidance, the EPS is Rs 10.83.

RE: intraday calls

Stock Market India — 2007-07-03T01:31:40-07:00

Gaurav,
You have very poor UI for your blog. It's not atall user friendly. The chat utility should not be right at the top and all the essential posts below the fold. Please let me know if you need any technical assistance to clean this up.

www.stock-market-india.net

RE: PP Guptaji is writing here

Stock Market India — 2007-07-03T01:25:35-07:00

Hi friends,
Try to see if you find Leoganesh's website useful. Finally we are here to help each other as long as the service is kept free.
Admin,
http://www.stockmarketindia.net

PP Guptaji is writing here

Leoganesh — 2007-07-02T03:42:16-07:00

Dear Friends,

1. PPGupta - The Penny stock king has started writing @ www.theindianstocks.com from Today. You can see all his posts from today @ "PPG PEARLS" board or @ "PENNY STOCKS" board.

You can check his post today @ http://theindianstocks.com/CategoryContents.php?catListID=334

2. BlueRhino - Another Gem from mmb whose Analysis people have really admired has started writing @ TIS.

http://theindianstocks.com/messageboard_details.php?msgid=6088

Registration is 100 % Free

The registration process is very simple @ TIS and would open up new vistas for the investor.

Please inform all your friends. Thanks

Warm Regards
TIS Wellwisher

Dalaal Street - Recommendations on Fundamentals

Stock Market India — 2007-07-01T20:39:02-07:00

Bharti Airtel Face Value - Rs 10 Buy Rs 842.50
Ticker: 532454 Equity: Rs 1895.93 crore H/L: Rs 899/346.1

The company is largest mobile service provider with over 4 crore subscribers, out of which 2 crore subscribers have been added in the past 13 months. Currently, it covers 59 per cent of the total population of India and has set a target to cover 70 per cent of the population in FY08.
To enhance the subscriber size, the company is aggressively into promotional schemes like the life-time prepaid cards and lower ISD rates. Recently, it made ISD calls to the US and Canada more affordable, by slashing the tariff rates by 39 per cent.
In FY07, the company reported 58.5 per cent growth in topline and 100 per cent in bottomline and thus, the respective numbers zoomed to the level of Rs 17794 crore and Rs 4033 crore respectively. We believe that the company would continue to maintain a higher growth rate.
On the basis of FY07 EPS of Rs 21.27, the counter with Market cap of Rs 1.59 lakh crore is trading at a P/E of 39.5x and with decent earning visibility in near future, we recommend the investors to buy this scrip and hold for over one year.

LIC Housing Finance Face Value - Rs 10 Buy Rs 194.80
Ticker: 500253 Equity: Rs 85 crore H/L: Rs 201/128.3

Despite the rise in the interest rate, the company has performed well in terms of growth in disbursements. In Q4FY07, the loans sanctioned and disbursed registered 72 per cent and 23 per cent growth respectively. In FY08, the company has set a target to sanction housing loans to the tune of Rs 8,060 crore and will disburse Rs 7,385 crore of loans; that is 32 per cent and 44 per cent above FY07 respective numbers.
To enhance the growth of its business, the company has increased its corporate tie-ups with reputed organisations. The total business coming out of such tie-ups now accounts to nearly 33 per cent of the total retail business, as against last year's 25 per cent.
To mobilise funds, it had launched a fixed deposit scheme. In addition, the company is expected to embark on a reverse mortgage product, within a month.
The gross NPA and net NPA of the company were at a lower levels of 2.58 per cent and 1.28 per cent respectively, as against last year's 3.41 per cent and 1.8 per cent. Thus, the company managed to reduce the NPAs substantially.
On the basis of FY07 EPS of Rs 32.86, the counter is trading at a P/E of 5.98x and looks attractive to invest at current levels for a period of over one year in perspective.

Bartronics India Face Value - Rs 10 Buy Rs 142.10
Ticker : 532694 Equity: Rs 17.82 crore H/L: Rs 147/47

The company provides solutions in bar coding, using technologies like AIDC, RFID, etc and caters to the demands from the booming retail industry and similar businesses. Thus, the bright prospects of end-user industry would drive the growth of the company going forward.
RFID market is expected to jump from USD1.4 billion annually (2007), to USD 3.8 billion (2008).Thus, with the industry at nascent stage, tremendous growth is expected in near future.
The company has over 1600 customers, who are present not only in India but also in overseas markets like Malaysia, Bangladesh, Sri Lanka and Dubai.
The company is expanding its business in overseas market. Recently, it incorporated a subsidiary in Singapore. It is also looking at acquisition route for selling its products in other markets. To fund its expansion plans, it is raising USD 25 mn through FCCB.
Of late, the company has commissioned a smartcard manufacturing unit near Hyderabad which would strengthen the FY08 financials.
In FY07, the topline of the company was at Rs 63.5 crore and in FY08 it expects a turnover of Rs 200 crore. On the basis of FY07 EPS Rs 7.56, the counter is trading at a P/E of 19x and looks attractive to invest for a period of over one year in perspective.

IT Stock Available at Discount to its Peers - Invest in this stock

Stock Market India — 2007-07-01T13:45:22-07:00

Investors with a two-year perspective can buy the Hexaware Technologies stock. At the current market price, the stock trades at around 15 times its expected FY-07 earnings and 12.5 times its expected FY-08 earnings. This valuation is at a discount to its peers such as KPIT Cummins and iGate. A good business model, a strong order-book and healthy client additions reiterate our positive view. But the near-term returns are likely to be muted.
Business Prospects
With the acquisition of Focus Frame, the US-based testing consulting firm in November 2006, Hexaware plans to enter testing services in a big way. The company expects testing services to contribute $50 million (Rs 204.5 crore) to the revenues this year compared to $11 million (Rs 45 crore) last year. The management expects testing services to bring in $100 million (Rs 409 crore) by 2009. Testing has contributed to 17.5 per cent of the revenues in Q1 compared to an average of 5.3 per cent in FY-06, with the integration of Focus Frame. Focus Frame has also patented the 'Acclerator' technology which provides pre-defined testing components for several platforms including SAP and Peoplesoft. Since Hexaware is one of the largest providers of offshore services for the Peoplesoft suite, the availability of the acclerator would help the company obtain new businesses on the latest Peoplesoft version 9. Eight new clients were acquired in Q1 including those of Focus Frame and Hexaware Testing.
Reorganised business
Since January, Hexaware has restructured its business to bring in greater competency. It has identified six focus areas and henceforth, sales strategies including client wins and mining of existing clients are to be aligned to these focus areas. Despite higher client acquisitions, repeat business in this quarter stood at 88.7 per cent as against 88.4 per cent last quarter.
Financials
Hexaware ended Q1FY-07 on a reasonable note. The quarter saw an all-time high order booking of $61 million (approximately Rs 249 crore). Client acquisitions were healthy at 20. Revenue and profit figures were in line with the guidance; revenues grew by 10.1 per cent sequentially showing double-digit growth after two quarters. The management expects to double revenues in the eight-10 quarters beginning January 07. Profits grew by 4.3 per cent for the quarter, sequentially.
For the next quarter, the profit guidance stands at $7-7.2 million (about Rs 29 crore), lower than the $8.02 million (Rs 35 crore) PAT achieved in Q1. This is attributed to three reasons: A wage increase of 14-15 per cent offshore and 3-5 per cent onsite; one-time visa charges of $3 million; and rupee appreciation.
Margin pressures
The company is looking at increasing margins by 1-1.5 per cent this year. But the target appears ambitious. Focus Frame is an onsite business with margins lower than Hexaware. This is reflected in the onsite percentage in Q1 which has increased to 62.1 compared to 61.6 per cent last year.
This has also played a role in the flat operating margin for Q1 although gross margins have improved. Selling, general and administrative expenses in Q1, as a percentage of revenue, have risen to the 24-25 per cent levels as against the reductions achieved in the previous year. What has helped maintain Q1 margins is the stepped up utilisation rates and an increase in the billing rates . The pressure on the margins might remain until full integration of Focus Frame is achieved by end 2007.
Attrition and utilisation
The attrition rate (excluding Focus Frame) at 16.1 per cent in Q1FY-07 is not expected to reduce in a big way despite wage hikes. Utilisation rate in this quarter has touched the 70 per cent mark by keeping the head count lower. Given the revenue growth that the management wants to achieve over the next two years, utilisation must improve in such a way as to help the margins grow along with the revenues. The company has a forward cover of $60 million at Rs 44.73. Any adverse impact of rupee appreciation, competition from local and MNC peers and visa issues remain principal risks to this recommendation.
Last year, General Atlantic picked up a 7.95 per cent equity stake along with optionally convertible preference shares. Preference shares, when converted, would increase the holding to 14.99 per cent (the open offer trigger is 15 per cent). One needs to wait and watch as to how things unfold on this front.

Buy for Good Investment - the stock could emerge as a proxy for increasing consumerism in the country

Stock Market India — 2007-07-01T13:43:34-07:00

Investors with a 2-3 year perspective can add Lloyd Electric & Engineering to their portfolio, as the stock could emerge as a proxy for increasing consumerism in the country. Niche positioning as original equipment manufacturer of coils for a number of air-conditioner manufacturers, operational efficiencies derived from a fully integrated business and strong financials are positives for the company. At the current market price the stock trades at 10 times its expected earnings for FY08.

Lloyd Electric's operations are forward integrated, ranging from making heat exchanger coils for air-conditioners to manufacturing window/split air-conditioners.

The company's stock may not deserve the valuation commanded by branded players such as Blue Star or Voltas, but the current valuation discount suffered by Lloyd appears to be too steep, given its forward integration. As one of the leading coil manufacturers in India, Lloyd is an OEM supplier for leading AC makers including Blue Star, Voltas and LG. With possible spikes in demand for air-conditioners in the peak season (January-June), AC makers prefer to outsource excess demand for coil.
Lloyd is equipped with high quality imported machinery and has very few organised competitors; it may, therefore, continue to derive business from branded players. Further, the entry of new players, which is reducing margins for AC marketers, is actually a positive for Lloyd as it translates into new business.

Lloyd Electric has also started receiving outsourced orders for making window and split air-conditioners for some of the branded players. To cater to this demand, the company has expanded the capacity of its Himachal Pradesh unit and set up a new AC manufacturing plant in Uttaranchal.
That the company is also a supplier of AC package units (through a tie-up with an Australian company) for Delhi Metro Rail Corporation reflects its product strengths. We also view the company's tie-up with a Korean company for making coil for frost-free refrigerators as a product diversification move.

The company's sales grew at 36 per cent annually over the past three years and stood at Rs 496 crore in FY07. Operational efficiencies from its backward and forward integration projects ensured a 65 per cent annualised growth in operating profits over the same period. In terms of risks, a rise in raw material cost, especially copper, can dent operating margins. Tax benefits in all its three plants would, however, lend a boost to the net profits over the next few years.

intraday calls

gaurav — 2007-06-30T09:20:33-07:00

for live intraday calls

http://gauravshines.blogspot.com/

All About IPO's answered here

Leoganesh — 2007-06-27T03:43:18-07:00

Dear Friends,

I would just take few minutes of your valuable time. This might assist you in changing the way you trade / invest in stockmarkets or IPO's.

We at www.theindianstocks.com believe in the universal truth about Price being the one and only truth. All trends at some point fail. The only tool that can assist you is stop loss.

We have special boards created for IPO Investors..

1. IPO Allotments @ http://theindianstocks.com/CategoryContents.php?catListID=374

2. IPO DIARY @ http://theindianstocks.com/CategoryContents.php?catListID=319

3. IPO NEW ISSUES @ http://theindianstocks.com/CategoryContents.php?catListID=317

++ IPO REFUND, IPO MARKET PREMIUM, IPO FORTHCOMING.

Good brother ( how glad we found him after he quit MMB ) who is a master with the IPO's. He answers all your IPO queries and also Jagat Sanghavi, another gem with IPO updates.

Live Chat + Intraday Calls during Market hours also there @ http://chat.theindianstocks.com/

Warm Regards
TIS Wellwisher

Investors with a one-to-two year perspective can consider taking an exposure to the stock of Graphite India

Stock Market India — 2007-06-23T18:59:18-07:00

At current market price, the stock trades at about seven times its likely FY08 per share earnings on a fully diluted basis. Increasing demand for graphite electrodes coupled with a hardening of electrode prices, spell good times for Graphite India, a leading electrode manufacturer in the country. This apart, the increasing preference for steel manufactured through EAF (electric arc furnace) route the world over, in turn is likely to propel the demand for graphite electrodes. Industry estimates, which peg the contribution of steel produced through the EAF route at about 38 per cent by 2010 compared to the 33 per cent now, point to strong demand prospects for graphite electrodes. Revenues are also likely to get a boost from exports, which contributed to about 68 per cent of the total revenues for FY07. Graphite India has facilities to generate captive power, which given the energy intensive operations, leads to cost savings. Savings from reduced freight cost and the zero impact of anti-dumping duty due to Graphite's presence in Germany is a positive. For the quarter ended March 2007, Graphite witnessed a 22 per cent increase in revenues, helped by firm prices and improved capacity utilisation of its Durgapur plant. However, on the operational front, margins declined by about 500 basis points during the quarter. While rise in raw material and staff cost could be reasons for the shrinking of margins this quarter, exceptional charges from accounting for higher fuel costs also reduced margins. Going forward, higher realisations on graphite electrodes, are expected to more than offset the hike in input (needle coke) prices. Therefore, the pressure on margins is likely to ease in future. Any reversal in production trends in steel, unexpected changes in exchange rate pose risks to our recommendation.

Good Investment for Medium Term - Today on Upper Circuit

Stock Market India — 2007-06-22T03:32:00-07:00

Bihar Tubes Face Value - Rs 10 Buy Rs 114.20
Ticker: 590059 Equity: Rs 3.20 crore H/L: Rs 108.80/22.50

� Bihar Tubes is in the business of manufacturing steelpipes and tubes. The company currently has four production mills inSikanderabad with a combined capacity of 125000 metric tonnes and offers pipesup to 12" diameter. The company also has an established customer base,both in the domestic as well as the international market.

� As far as the products of the company areconcerned, it is into Hollow sections, Pre Galvanised, ERW and also intoGalvanised steel pipes. Here, the company has already completed theexpansion plans and it can now generate a turnover of Rs 400 crore from thecurrent gross block.

� The company is also scaling up the value chain and isforaying into high end automobile tubing products with a capacity of 35000mtpa. The capex is likely to be Rs 10 crore and is expected to be fundedthrough internal accruals. Land for the new facility at Sikanderabad is alreadyacquired and work is expected to get started in Dec.'07.

� The company is also planning to foray into the productsof 20" diameter and for the same purpose it is planning to come up with anew facility. Now this will help the company to compete with players like SAWPipes and MNA Industries.

� The company is also going in for backward integration bysetting up a 100000 mtpa HR skelp plant at Sikanderabad. The capex is likely tobe Rs 50 crore and will be funded through warrants issue. Around 80 per cent ofthe produce here will be for the captive purpose andthe rest will be sold outside. In addition, the company is also looking to growinorganically and is eyeing some companies in the Western India.

� On the valuation front, at the CMP of Rs 108.80, thecounter is trading at a P/E of 9.92x, on the trailing four quarter basis andwith many new initiatives in the pipeline, we expect the valuations to improvefurther. Hence, we recommend the investors to go for the scrip.

An investment can be considered in the stock of Shringar Cinemas

Stock Market India — 2007-06-20T21:10:34-07:00

An investment can be considered in the stock of Shringar Cinemas, which runs the Fame chain of multiplexes. The stock is at a deep discount to its peers at about 18 times its financial year 07 per-share earnings; industry leader PVR Cinemas trades at 48 times financial year 07 earnings. Stocks of multiplex majors have been under pressure in recent months. The year, so far, has been a lacklustre one for Indian films, raising concerns about occupancy rates even as markets get overcrowded in some pockets. This, coupled with the growing power of distributors, who are demanding a higher share of ticket revenues, has resulted in a more subdued outlook for multiplexes. In this backdrop, we tend to view a stock such as Shringar, with its more reasonable valuations, in a favourable light. Investors who wish to capitalise on the long-term potential arising from a growing preference for multiplexes could consider exposure to the stock. The company has about a 10 per cent market share of the multiplex industry (in terms of number of screens) as against that of PVR Cinemas at 20 per cent. About 23 screens are likely to come up in financial year 08 with the properties already handed over to the multiplex operator. With Shringar now firmly in the black, the fundamental picture is looking brighter. Strong revenue growth is likely to continue on the back of screen additions, as new multiplexes tend to draw footfalls. If the second half turns out to be a better period for tinsel town, occupancy rates for Shringar could be much stronger than the current 30 per cent levels. This, in turn, could lead to a strong uptick in earnings. We believe that Shringar's own presence in distribution, which accounts for about 30 per cent of its consolidated revenues, will make it better placed than operators of comparable size in securing good content at reasonable prices. The stock however is suitable only for those with an appetite for higher risk. The dependence on good content aside, issues such as high rentals (as it continues its expansion in cities such as Mumbai and Bangalore), the need to constantly refurbish theatres to ward off competition and overcrowding in some locations are risks to our recommendation.

Market rumors and outlook

sharetipsinfo — 2007-06-14T10:56:22-07:00

Hi Dear

Recent correction which was due, but it extended due to major rumor that SENSEX will come down to 10,000 mark. However we are telling everyone just don�t go on rumors. There is no as such possibility of sensex falling this much in a month though its target is 15000 in month time as far as NIFTY is concerned its target is 4500 in 1-2 weeks.

We are telling you again and again don�t go on rumors, go on technicalities.

Just think why these rumors are made and spread� If you cant find any answer ask us..

Regards

SHARETIPSINFO

Upside potential of 20% in this Stock

Stock Market India — 2007-06-04T04:25:52-07:00

GDLis expected to benefit from improving infrastructure and policyinitiatives like entry of private players in the rail freight business.It has also moved up the value chain through acquisitions in the coldstorage business and become an integrated logistics solution provider.
Company Background GatewayDistriparks (GDL) is a one of the major private players in handling,transport and storage of containers, warehousing of cargo and variousvalue added services provided in relation to import and export of cargoin containers. GDL is an Indo-Singapore joint venture and has beenpromoted by Prism International Pte Ltd. Windmill International Pte Ltdand Thakral Corporation.
Thecompany has modern Container Freight Station's (CFS's) at Dronagiri(about 9 kms from the Jawaharlal Nehru Port ), Navi Mumbai and New Manali, Chennai besides an Inland Container Depot (ICD) at Garhi Harsaru (near Delhi ), Haryana and a newly commissioned CFS at Vishakapatam (a joint venture with Suri Group).
In March 2005 the company raised Rs 79.2 crores by way of initial public offer (IPO). GDL offered 1.1 crore shares of Rs 10 each at a premium of Rs 62. In December 2005, GDL raised Rs 384.6 crore by way Global Depository Receipts (GDR) at a price of Rs 230.87 per share.
The company has recently proposed a bonus issue in ratio of 1:4.
Investment Rationale Container Freight industry to grow at a rapid pace
India containerfreight business is expected to grow by 4 times in the next 6-8 yearsto 20,000,000 Twenty Foot Equivalent Units (TEU). To capitalize on thegrowth opportunity, GDL has enhanced its presence by establishingContainer Freight Stations (CFS) and Inland Container Depots (ICD) atstrategic locations like Navi Mumbai, Vizag, Chennai, Gurgaon, Faridabad , Haryana, Ludhiana and Kochi . These CFSs and ICDs provide GDL with access to 90% of Container Freight Corridors of India and would enable it to ramp up its revenues going ahead.
Entry into cold storage to derisk business
GDLhas acquired 50.1% stake in Snowman Frozen Foods Ltd (SFFL) for Rs 48crore. The acquisition would enable GDL to forward integrate into thecold storage business and become an integrated logistics player. Theacquisition would help GDL to diversify and de-risk its business byproviding an additional revenue stream. GDL can also look at exploringbusiness opportunities with other stakeholders like MitsubishiLogistics Corporation and Nichirei Logistics Group Inc. who hold thebalance stake in SFFL.
JV with Concor to transition GDL into an end-to-end rail transportation service provider
Therail freight business was recently opened to the private sector. GDLformed a subsidiary Gateway Rail Freight Pvt Ltd (GRFPL) and acquiredan all India operatinglicense from the Indian Railway for an upfront payment of Rs 50 crore.It formed a joint venture with Container Corporation (Concor) toconstruct and operate a rail linked ICD at Garhi, Harsaru, Gurgaon,which will connect the North Central Region (NCR) with the westernports. GRFPL will hold 51% in the joint venture while remaining 49%will be held by Concor. GDL and Concor will share the rail operationsfor movement of rakes from the Garhi ICD to ports equally. The jointventure would enable GDL to run rakes from the ICD, which as notallowed under the earlier agreement with Concor. The integratedservices from the ICD would enable a strong growth in volumes and helpGDL to become an end-to-end container rail transportation serviceprovider. Additionally, GDL will also earn lease rentals from the landleased out to the joint venture.
Better infrastructure and policy initiatives
TheGovernment's impetus on promoting FDI for construction of small portsat various locations will provide an impetus to Export-Import tradevolumes and thus provide a boost to the container freight segment.India's two major ports JNPT an Chennai,which control 80% of the container freight business are constructingnew terminals to decongest the ports. The improved infrastructure anddecongestion of the ports would enable GDL to capitalize on theopportunity.
Key Concerns Low entry barrier
Thecontainer freight business is characterized by low barrier to entry.Any player with significant investment capacity can enter the business.
Idle cash balance
Thecompany has Rs 157 crores of fixed deposits. GDL earns an interest of8.5% on the same. The company has kept this cash balance to financefuture acquisitions. GDL's Return on equity will be impacted till thecash balance is not utilized.

Financials:
GDLis expected to benefit from improving infrastructure and policyinitiatives like entry of private players in the rail freight business.It has also moved up the value chain through acquisitions in the coldstorage business and become an integrated logistics solution provider.We expect GDL's consolidated sales to grow from Rs 160.99 crore to Rs240 crore and net profit to post a 28% growth to Rs 99 crore in Fy08E.For FY09E, we expect the company to report sales of Rs 300 crore and anet profit of Rs 124 crore.

Valuations GDLwith pan-India presence and good connectivity with the major ports iswell poised to take advantage of the strong growth in the containerfreight industry. It would be able to ramp up its volume by enteringinto newer areas like cold storage and rail transportation services. In addition, the company is actively scouting companies for acquisition, which would trigger further upside in the stock. At the current price of Rs 182the stock trades at a P/E of 16.3x FY09E EPS of 11.13 (on post bonusdilued equity of Rs 115 crore), which is at 22% discount to the averageindustry P/E of 20. Given the huge business potential and de-riskedbusiness model we rate the stock an OUTPERFORMER with a price target ofRs 220, an upside potential of 20% in the next 6 months.
Technical Outlook Thestock has formed a long-term support at Rs 173,levels. Stock iscurrently trading above its 200 days moving average . On the weeklycharts stock has formed the double bottom formation pattern. The MACDindicators are in the oversold zone and have a bullish crossover. Onthe weekly charts average volume have increase 6 times compared to thepervious week, which indicate the strong buying was witness at around179 levels. The RSI indicators have also gained strength and remain inneutral territory. Short Term Averages are on the verge of a positivecrossover. Once the stock move above Rs 187 levels, we can see it couldfurther move up to Rs198 levels, closing above this level can furthermove up the stock to Rs 213 levels very soon. Medium term and long termresistances remain at Rs 193 and Rs 213 levels.

NSEMUMBAIBULL Very Strong BUY "Mangalore Chemicals & Fertilizers Ltd"

VINCENT. D'COSTA — 2007-06-01T06:44:46-07:00

Dear Investors/Clients,

NSEMUMBAIBULL Very Strongly Recommending to BUY "Mangalore Chemicals & Fertilizers Ltd" @ Current Market Price. Short term target with in 5 weeks is Rs. 25 /- .

Company net profit rises 68.17% in the March 2007. Mangalore Chemicals & Fertilizers Limited is a part of The UB Group, a large and diversified Indian business house. The Group is one of the foremost multinational organizations based in the sub-continent with operations in many world markets

This is 43rd Stock recommendation from NSEMUMBAIBULL Equity Research Team.

All our recommended call status available on www.nsemumbaibull.comwebsite.

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
-----------------------------------------------------------------------------------
: : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
-----------------------------------------------------------------------------------

RE: Calls Via Yahoo during market hours

Stock Market India — 2007-05-31T06:50:30-07:00

Leoganesh,

Your website is impressive, please catch me on Yahoo messenger ID stockmarketindia24@yahoo.com to discuss some details about it if possible.

Thanks,
Stockmarketindia

Buy the scrip at current levels for good returns

Stock Market India — 2007-05-31T06:43:26-07:00

NIIT Technologies Face Value - Rs 10 Buy Rs 603
Ticker : 532541 Equity:Rs 39.10 crore H/L: Rs638/131.35

NIIT Technologies is a company focusing in insurance, travel and transport, retail and manufacturing verticals with a clientele of marquee clients like British Airways, Saber, ING and Holcim. The company has recently won orders worth Rs 225 crore in Q3FY07 thereby increasing the order backlog to be executed in next 12 months to around Rs 390 crore.

In addition to improved order book company's operational efficiency has also increased with margins improving by more than 230 bps to 21.20 per cent. The margins are expected to sustain at these levels going forward.
NTL enjoys a natural hedge against the US slowdown as Europe contributes around 50 per cent of its revenues. The recent acquisition of Room solutions will enable the company to make the inroads into the insurance space.
The company has lower dependency on its top clients as compared to its peers as the company has lower amount of revenues from the top 10 clients. At the current market price of Rs 610 the company is trading at 21.50x of its FY07 earnings. With higher order book and sustained margins the performance of the company is expected to improve further and hence we recommend the investors to buy the scrip at current levels.

Calls Via Yahoo during market hours

Leoganesh — 2007-05-30T00:36:12-07:00

Friends,

I am a stock market trader/investor for the last 15 years and gives intraday calls daily.

I want to reach out to more people to share my calls during market hours and want all of them to profit in the stock market.

Only people who are interested can add my Yahoo id : profitwithus@yahoo.co.in

If Interested, Plz add my yahoo id : profitwithus@yahoo.co.in

Looking forward for a long lasting relationship. I will give calls from 3rd June.

Thank You.

Penny stock - Multibagger in 2 years

Leoganesh — 2007-05-29T00:50:12-07:00

Just a snapshot of what you can access daily if you are a registered member of TIS - www.theindianstocks.com

Market Tech View - 29.05.07

Stock Outlook

* NIFTY/ SENSEX ! Nifty - Another Volatile Week Likely - Short Term Charts favour rise to 4325+ in coming Days. CAUTION - Many Stocks will Move Opposite Direction this Week till F&O Day.

* IDEA CELLULAR ! Short Term Bullish Targets of 128-130 Achieved - Book Part Profit to Re-Enter below 120

* I D B I ! Cruciual support @ 95 / Bearish Breakout with Volumes to Target 87-88 in coming Sessions

* STEEL AUTHORITY ! Mildly Bearish in Extreme Short Term - Book Profit on pullback to Re-Enter below 140

* I D F C ! Strong support @ 110 - Bearish Break with Volumes to wipe Off Rs10/- in coming Days

* SATYAM COMP ! Awaiting Bullish Breakout - 2 Close above 472 will Target 500+ in coming Days

* RELIANCE CAPITAL ! EST BUllish Target of 1005 Achieved - Time to - Updated in Website

Positional Calls + Declines are buy. Rally are sell and Recommendations for 29.05.2007 ++++ LOTS MORE on Insider News.

First Time in INDIA - Live Chatroom during Trading hours -

The chat room would be open between 9 AM - 4 PM on all market working days. Periodic updates on markets and intra day calls would be given.

To log to chat you would need to be a registered member of www.theindianstocks.com

Come Join us on TIS. Come join the ever expanding family of TIS.

Together Everyone Achieves More on TIS. We are a TEAM.

From A Die Hard TISian.

Acquire the Stock with Long Term Persepctive

Stock Market India — 2007-05-27T11:07:52-07:00

Investors can consider acquiring Petronet LNG stock with a long-termperspective. The company is in a growth phase and accounts for aquarter of the domestic gas market. The growing demand for natural gasaugurs well for Petronet's expansion plans while the near-term earningsare likely to be buoyed by spot and short-term market cargoes.
The growing acceptance of regasified LNG (liquefied naturalgas) by users such as power and fertiliser companies, even of gassourced at relatively higher rates in the spot market, holds outpromise for Petronet's business .
Business model

Petronet imports LNG on a long-term contract with Ras Gas ofQatar and at its regasification terminal in Dahej converts it intonatural gas which is then marketed by GAIL, Indian Oil and BharatPetroleum. Its income comes from regasification charge which escalatesby 5 per cent every year as per the agreement with the buyers. Inaddition , Petronet has, over the last two years, been sourcing smallcargoes from the spot LNG market and processing them for buyers mainlyfrom the power and fertiliser sectors which have been affected by thesharp rise in liquid fuel prices. What augurs well
Given that the buoyancy in earnings can come only from higherregasification volumes, Petronet's strategy to develop a spot andshort-term market for gas is a major plus for the earnings growthprospects. The regasification charges from additional spot andshort-term volumes go straight to the bottomline as the fixed costs arefully absorbed over the installed capacity. This fiscal, Petronet willbe sourcing 1.5 million tonnes of LNG from the short-term market forthe Dabhol power project; this will take its total regasificationvolumes to 6.5 million tonnes. Petronet's plans to expand capacity atDahej to 12.5 million tonnes by 2008-09 for which the finances havebeen tied up; this is a positive but much would depend on howsuccessful it is in sourcing long-term LNG at competitive rates. Whatcould come to its aid though is that liquid fuel alternatives thatpower and fertiliser producers use such as naphtha and fuel oil costupward of $12 per MBTU which makes LNG even at $8 per MBTU aneconomical option.
The best part of the expansion plans is that Petronet gets theright to market the capacity over and above 7.5 million tonnes whichwill enable it to partake in marketing margins.
Petronet's long-term plan to set up a second LNG jetty atDahej and two more LNG storage tanks in association with Gujarat StatePetronet will give it greater flexibility; with additional investmentin regasification, the overall capacity of the Dahej complex can betaken past 20 million tonnes per annum.
The downside

Pricing and quantity uncertainties linked to sourcingadditional LNG under long-term contracts and the entry of domestic gasfrom the finds on the east coast are the two biggest challenges forPetronet. The Kochi terminal will be mechanically complete by 2010 andthe company hopes to source gas from the Gorgon project of Chevron inAustralia, which has been delayed and is not likely to ship out itsfirst LNG consignment before 2012. Petronet may have to operate theKochi terminal with spot market LNG in the interim.
This is where pricing will become crucial as domestic gas isexpected to enter the market by end-2008 though neither the quantum norits possible pricing is clear at this point in time. What is certainthough is that the KG Basin gas will flow into the west coast market �which is Petronet's domain now � through a couple of cross-countrypipelines.
The market for Petronet's regasified LNG from the expandedcapacity at Dahej and the new terminal at Kochi will be a function ofits own price, the price quoted by domestic suppliers and the qualityoftheir gas and the then prevailing prices of liquid fuel alternatives.
Meanwhile, the price of LNG sourced under the existinglong-term contract with Ras Gas will increase come 2009 when thefive-year price freeze as per the contractual terms ends. Thereafter,the price will move in a band to be agreed with a floor and a cap.However, it may not be difficult for Petronet to pass on the highercost to buyers given the rapidly growing demand for gas and the factthat liquid fuel prices are projected to remain at levels that willmake gas an economic alternative.
Petronet reported an excellent performance for 2006-07 withrevenues and earnings growing by 44 per cent and 60 per centrespectively to Rs 5,545 crore and Rs 313 crore respectively. Thecurrent market price of Rs 51 discounts the trailing EPS of Rs 4.18 by12 times. The stock can be acquired strictly with a long-term holdingperspective.

This stock may be good addition to the portfolio for conservative investors

Stock Market India — 2007-05-27T11:03:07-07:00

The stock of Asian Paints appears to be a good addition to theportfolio for conservative investors with a two-year investmenthorizon.
Strong growth prospects for decorative paints arising fromthe higher pace of construction activity and a ramp-up in revenues frominternational operations could aid sales growth over the next couple ofyears.
Profit margins may receive help from moderating input pricesand an appreciation in the rupee. At the current market price of Rs820, the stock trades at a price earnings multiple of about 21 timesexpected FY08 earnings, on par with the FMCG universe.
This appears justified given Asian Paints' strong earningstrajectory. The company's consolidated operations have delivered acompounded annual growth of 18.3 per cent in sales and 25 per cent inper share earnings over the past three years.
Decorative paints, accounting for about three-fourths of salesin FY07, is the key revenue driver and consistently high constructionactivity over the past three years is likely to translate into robustdemand for this segment over the next few years.
The price increases taken by the company over the past yearalso suggest a return of pricing power and improved ability to pass onraw material costs. This apart, the company's efforts in recent yearsto diversify its revenue stream both in terms of products and geographyare also likely to bear fruit.
A string of overseas acquisitions have helped Asian Paintsacquire a significant pan-India presence. International operations,which accounted for a fifth of FY07 sales, have recently turnedprofitable.
The company's efforts to broadbase its industrialpaints/coatings portfolio through acquisitions may also help it to tapinto the opportunities arising from domestic capacity additions inautomobiles and consumer durables.
Signs of moderation in crude oil prices from their peak andappreciation in the rupee (the company's inputs are mainly imported)could help alleviate cost-side pressures. The key risks to earningsarise from increased competition from global paint majors foraying intoIndia and a renewed flare-up in input costs.

Multi Bagger - Almost 100% Returns Expected in 1-1.5 years

Stock Market India — 2007-05-23T20:31:30-07:00

Buy Autoline Industries
CMP:230; Target Rs 450
Investment Approach: Medium Term (1-1.5 Years)

Autoline Industries is a design engineering and manufacturing solutions provider focused on sheet metal assemblies and formed tubular products, with integrated engineering, tool design and manufacturing facilities, in Pune, India. Tata Motors, which buys components for passenger cars and commercial vehicles, is Autoline's largest customer accounting for about 85% of revenues in FY 2006. Apart from Tata Motors, the customers include M&M, Bajaj Auto, Kinetic Engineering, Fiat, Stokota, among others. Though Autoline commenced activities by contract manufacturing of sheet metal components, the range of products presently cover sub-assemblies, formed tubular products like silencers, exhaust systems, brake shoes, load bodies for light and heavy commercial vehicles, etc.

The company has embarked upon an aggressive expansion plan. The company has doubled up its capacity to 450 load bodies per day, to meet the requirements of 400 load bodies per day as indicated by Tata Motors. The company was earlier supplying 250 load bodies a day. The company is setting up a new facility for the manufacturing of all kinds of load bodies for heavy vehicles at Chakan in the premises of Unit-II. Production in this capacity will begin from June 2007.

The company in February 2007 has acquired 51% in Stokota's global operations for Rs 66.8 crore in cash and equity. Stokota is Europe's leading maker of custom-made vehicle bodies like tippers, trailers, cement bulkers, oil & gas fuel tankers. The acquisition of Stokota has opened up new markets in Europe, South-East Asia, Australia and the US for Autoline Industries.
Autoline raised Rs 75 crore through an IPO in January 2007 to upgrade and expand Autoline's Chakan facility in Pune; set up another manufacturing facility at the same location; relocate and consolidate a couple of smaller units; establish a corporate office; fund acquisitions, and provide long-term working-capital resources.
In August 2006, the company entered into a MoU with Detroit Engineered Products Inc., a company based in Detroit, USA, and engaged in high-end design engineering services and providi ng services to almost all leading automobile companies in the world such as General Motors, Ford Motors, Toyota, Honda, Hyundai, etc. Earlier this month, the company acquired a 51% stake in Detroit as a strategic investor.

Also, exciting times lie ahead for the Indian automotive component industry taking into account the increasing demand from global auto majors and also the domestic car industry, which is growing at a impressive rate of over 16%, driven by a rising consumer base.
The sales of the company increased 65% in FY07 to Rs 183 crore as compared to Rs 111 crore in FY06. The net profit of the company increased 114% to Rs 15 crore in FY07 against Rs 7 crore the previous year.
The turnover in FY08 is expected to increase more than double, due to doubling-up of capacity, wherein production has already begun. Also post acquisition of Stokota, we expect the orders to increase. Net profit in FY08 is also expected to increase more than double.

Stock Pick: Investment in this share is likely to double in about one year

Stock Market India — 2007-05-14T01:40:41-07:00

Market players continue to remain bullish on the electrical & electronic sector. Within this segment, the counter of Fine-Line Circuits Ltd. (FLCL) (Code: 517264) (Rs.44.30), is attracting the attention of investors. Some analyst tracking this share, expect FLCL to produce excellent results for FY08. The market grapevine has it that FLCL is on expansion spree and may invite strategic investors/ FIIs for funding.

Incorporated in 1989, FLCL is the first in Indian company to export printed circuit boards (PCBs) and multilayer PCBs to take advantage of the export benefits of a liberalised economy. Located in the SEEPZ export zone of Mumbai, FLCL enjoys one of the country's best infrastructure and labour facilities.

FLCL has state-of-the-art equipment in key manufacturing areas like MLB Press from Lauffer (Germany), CNC Drilling from Excellon (USA) and Posalux (Switzerland), Plating-Direct Metallisation of Nubal and Wet Process-IS, Marseco (Italy) and Electrical Flying Probe Testing from ATG (Germany).

Its products range includes Multi Layer PCBs, High Copper Board, Impedance Controlled PCBs, Backplane PCBs and Single & Double Sided PCBs. FLCL has been accredited with the coveted ISO 9001: 2000 QM certification from RWTuv Systems, GmbH, Germany.

During FY06, FLCL posted 24% increased sales of Rs.24 cr. but earned 92% lower net profit of Rs.4 lakh. During the first three quarters of FY07, however, it posted 1689% higher net profit of Rs.1.6 cr. on 33% increased sales of Rs.23 cr.

FICL continues to export its products to USA, Germany, UK, Switzerland and Singapore. Its exports during FY06 amounted to Rs.21 cr. against Rs.17 cr. in FY05.
FLCL is a debt-free company. Its equity capital is Rs.4.8 cr. and with reserves of Rs.4 cr., the book value of the share works out to Rs.18. The value of its gross block is Rs.12 cr.
The promoters hold 25% in its equity capital. NRI holding is 12%. ICICI bank holds another 5%. The share of PCBs of 6% leaves 52% with the investing public.
Coming to its future prospects, the Indian Printed Circuit Association (IPCA) estimates that the total PCB production stands at about 15 million (mn.) sq. mtrs. per annum and this is expected to hit around 50 mn. sq. mtrs. by the end of 2008. According to IPCA, the PCB industry is expected to report a yearly turnover of about $450 mn. (Rs.2000 cr.) in another three years up from Rs.900 cr. at present.

The PCB industry caters to the requirements of electronic sectors like consumer, industrial, telecom, Defence, Aerospace and to a limited extent to IT and computers apart from manufacturing about 20-25% of boards for exports.

PCB being the basic electronic component, it continues to find wide applications. The world PCB market has almost returned to its peak in 2000 and for the third consecutive year, the report indicated a market expansion at $42.6 bn. or Rs.1, 96,000 cr.). Thus there is a vast potential for FLCL to garner a big slice in coming years. Asia has now grown to nearly 80% of world PCB production with Europe and North America losing some share. FLCL is seized of the competition and radiates quality consciousness at all levels and has earned good reputation in the international market.

The revival of data and voice communications signals have opened exciting new opportunities for printed circuit boards (PCBs) in third-generation mobile phones and personal consumer electronics. Coupled with the growth in telecommunications and computing industries, it is likely to stimulate demand for backplanes across various applications such as telecommunications and networking infrastructure and testing equipment boards.

Since backplanes are priced relatively higher, and are more technologically advanced than other high-density boards, their growing demand is likely to boost revenues in the multi-layer PCB segment. Increased usage of backplanes is also expected to raise the layer count in electronic devices and drive growth in the flexible PCB market.
Sources from the industry reveal that FCCL is expected to announce its various expansion plans and may even invite strategic investors for funding them. The promoters, too, are keen to increase their stake.

FLCL is now in the fast lane and is expected to clock a net profit of Rs.2.6 cr. on sales of Rs.36 cr. which gives an EPS of Rs.5.5. Riding high on the back of the global PCB market growth, FLCL is all set to achieve an EPS of above Rs.12 in FY08.

The shares of FLCL are traded at Rs.47 discounting its estimated EPS for FY08, by just 4 times and its estimated EPS of Rs.15 for FY09 by only 3 times. The industry average P/E for the electronics industry currently hovers at 30, which leaves tremendous scope for this share to escalate further. Investment in this share is likely to double in about one year. The share is currently on its 52-week high and the low was Rs.19.

Best Bets: 100% Profit Possibility in 12 to 15 months

Stock Market India — 2007-05-14T01:30:02-07:00

Associated Profiles & Aluminium (Code: 531979) Rs.40.35

Incorporated in 1987, Associated Profiles and Aluminium Ltd. (APAL) belongs to the reputed and three decade old Associated Group which has expertise in manufacturing aluminium alloys ingots, aluminium door and window frames, designer aluminum grills, aluminium flooring, surface coating, structural glazing system and curtain wall systems i.e. complete glass exterior for building structures. APAL, however, is engaged in manufacturing of electrical grade wire rods, which are eventually used by conductor manufacturers for distribution and transmission of electricity. They are also used for redrawing into wires/strips for manufacture of cables, conductors, transformer wires/strips and in various hardware or general engineering components. In short, APAL's fortune is dependent on the growth of the power ancillary industry.

Due to higher margin, company is constantly exploring the possibilities of exporting its products and hence is keeping regular touch with customers around the world to boost exports. In FY06, it APAL diversified into bauxite mining at Village Mahadevia of Jamnagar district, Gujarat and has already shipped Bauxite ore to its customer in China. It has also set up a Wind Turbine Generator (WTG) project in Nandurbar district, Maharashtra with an annual installed capacity of 1250 KW. Few weeks' back it has purchased another 1500 KW WTG for Rs.9 cr. and will locate it at Sangli district, Maharashtra. This means that the revenue from its power generation business is expected to double in the current fiscal. The company has thus smartly de-risked its business by diversifying into mining as well as power generation.

Fundamentally as well as financially, APAL is on a strong footing and has a good track record of un-interrupted dividend payment since 10 years. For the nine months ending 31 December 2006, sales grew by 25% to Rs.146 cr. and net profit increased by 40% to Rs.4.70 cr. Accordingly, it may end FY07 with net sales of around Rs.200 cr. and PAT of around Rs.6 cr. which means EPS of Rs.12 on its tiny equity of Rs.5 cr. Hence the scrip is available at 3 times its FY07 estimated earning. Considering the increase in revenue from mining and power business in coming years, APAL is estimated to clock a turnover of Rs.220 cr. with profit of Rs.7 cr. i.e. EPS of Rs.14 for FY08. Investors can buy at current levels as scrip has the potential to double in 12-15 months

PowerYourTrade BUY Calls for Today

Stock Market India — 2007-05-10T23:21:40-07:00

Ashwani Gujral

Sell JP Associates with stop loss of Rs 600 for a target of Rs 460

Sell JP Associates with stop loss of Rs 600 for a target of Rs 460.

Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Sell Zee Entertainment Enterprises with stop loss of Rs 300 for a target of Rs 210

Sell Zee Entertainment Enterprises with stop loss of Rs 300 for a target of Rs 210.

Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Rajat K Bose

Sell Bajaj Hindustan with stoploss above Rs 163 for a target of Rs 152-147. This is a day-trading recommendation.

Sell Bajaj Hindustan with stoploss above Rs 163 for a target of Rs 152-147. This is a day-trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes: All prices relate to the NSE, unless otherwise mentioned.
Calls are based on the previous trading day's price activity.
The call is valid for the next trading session only unless otherwise mentioned.
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure: The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Sell Siemens with stoploss above Rs 1235 for a target of Rs 1181-1166. This is a day-trading recommendation.

Sell Siemens with stoploss above Rs 1235 for a target of Rs 1181-1166. This is a day-trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes: All prices relate to the NSE, unless otherwise mentioned.
Calls are based on the previous trading day's price activity.
The call is valid for the next trading session only unless otherwise mentioned.
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure: The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Deepak Mohoni

Short Sell Cipla above Rs 206.5, stop loss at Rs 209.5. This is a day-trading recommendation.

Short Sell Cipla above Rs 206.5, stop loss at Rs 209.5. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0930 hours, 11th May 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Short Sell Bajaj Hindustan above Rs 156, stop loss at Rs 159.5. This is a day-trading recommendation.

Short Sell Bajaj Hindustan above Rs 156, stop loss at Rs 159.5. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0930 hours, 11th May 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Source: PowerYourTrade

Stocks showing bullish trends

Stock Market India — 2007-05-10T21:30:49-07:00

Hind Zinc Prices of this mining sector stock have been making decent attempts to rally. Despite slight selling pressure at every stage prices have been doing well to move gradually upward. Yesterday we saw prices bounce up after a declining session. Fresh rise on improving volumes prompts us to suggest a buy here for a rise towards 730 / 745 with stop of 1%.

ITC After a long time prices of ITC were in great form last session, as they were seen moving up smartly on strong buying activity. Though prices did slip off their intraday highs and closed lower, they managed to end above the valuation resistance around 162. Buy for a rise towards 168-170 with stop of 3 points.

Tisco was one of the best gainers we saw during the last session, with prices moving up conveniently to meet our targets. With the volumes spurting up further and momentum improving, we find that the stock continues to look good for yet another advance. Buy for a run towards 586-89 / 596-98 with stop of 6 points.

Union Bank Banking stocks were the star performers during the last trading session with many of the stocks going up on strong volumes. Out of them, Union Bank saw fantastic moves on robust volumes. Prices have moved past resistances and are looking good for further run up. Buy for a rise towards 118 / 121 with stop of 3 points.

Automotive Axles (Potential Upside: 24.5%) - Outperformer

Stock Market India — 2007-05-10T08:57:58-07:00

Current Price*: Rs 575 Target Price: Rs 716
Potential Upside: 24.5% Time Frame: 12 months

Automotive Axles Ltd (AAL) reported a whopping 57.1% growth in net sales to Rs 157.4 crore while net profit surged 41.8% to Rs 14.4 crore for the quarter ending March 31, 2007 (Q2FY07). EBITDA margins dipped marginally from 17.9% to 17.2%. We had projected an EPS of Rs 37.5 for FY07 and the company has delivered an EPS of Rs 18.5 in the first six months. We are confident the company will achieve an estimated revenue growth of 26.7% (CAGR) and net profit growth of 25.7% over FY06-08E. We maintain our revenues estimates and reiterate our OUTPERFORMER rating with a target price of Rs 716. At the current price of Rs 575, the stock is trading at 15.3x FY07E EPS and 12.9x FY08E EPS.

News You Can Use to Pick The Stocks

Stock Market India — 2007-05-09T21:37:05-07:00

Holcim buys 6mn shares (3.2%) ACC at Rs900 per share
Tata Tea has entered into a Joint Venture agreement with Zhejiang Tea Import and Export Cosmpany Ltd of People's Republic of China.
L&T Secures Rs 2.15bn Order for 33 kV Underground Cabling works in UAE
Dabur India Q4 net profit Rs769.10mn (up 54%) and Sales at Rs2.52bn (up 33%)
Syndicate Q4 net profit Rs1.04bn (up 1%), dividend at Rs1.3 per share and income Rs 19.30bn (up 54%)
Network has signed an agreement with Hanowa Ltd of Switzerland as Sole Distributor for Watches in Indian Domestic Market. This move will enhance the Company's existing Lifestyle products of Swiss Military, Alpine Club and Wenger in terms of variety, design innovation & price structure.
Ranbaxy Lab extends roots in South Africa with finalisation of Be-Tabs Acquisition
Kotak Bank Q4 net profit Rs1.70bn (up 30%) and Sales at Rs14.26bn (up 14%)
Canara Bank may buy smaller rival Dena Bank, starting the process of mergers in India, the PTI reported. Canara Bank has hired Ernst & Young LLP to initiate the acquisition process.
GHCL has announced that Dan River Inc. 100% subsidiary of the Company through its HW Baker Linen division has singed a multi-year $100mn contract with Starwood Hotels & Resorts Worldwide Inc. for supply and distribution of a variety of Home Textiles products

Tower Talks to Help you Choose Stocks

Stock Market India — 2007-05-07T05:44:00-07:00

* HEG is poised to improve its margins now that it has completed its Rs.475 cr. expansion, which will mean a Rs.50 rise from the current level.
* Tata Steel is rising because a foreign hedge fund is caught on the wrong foot selling Tisco short by a great quantum.
* Gujarat State Petronet is being eyed by local mutual funds and FIIs. It may cross its Rs.58 top and head for the century mark.
* Himachal Futuristic is witnessing a paradigm shift in operations. Its Rs.777 cellular phones for Reliance Communications manufactured with Chinese collaboration and technology. The success of this scheme may see it touching the Rs.50 mark.
* Magma Leasing attracts interested buying after Reliance Capital increased its stake in the company.
* Top bosses of I-Flex are joining a new company floated by Oracle Corporation, USA. This company will go on an acquisition spree, which in turn will increase the demand for financial solutions of I-Flex.
* Zenith Fibres is available at an attractive P/E level of under 6. Further, it is a good dividend play
* Go for telecom stocks says a stock market watcher. Most companies in this sector plan to demerge their Tower business.
* Flat Products has come out with stunning numbers for the March'07 quarter. The scrip can even double from the current levels. Don't even think of booking profit
* Action is building up in Rama Paper once again. Scrip may hit a new 52-week high in coming week. Keep a close watch.
* Shree Hari Chemicals is hitting not stop upper circuits on the back of excellent results. Don't book profit in a hurry. Ride the bull run.
* Inspite of excellent results, scrips like Bilpower, IMP Power and Kavveri Telecom haven't moved up. It's a good opportunity to accumulate them as they are sure to rise sooner or later.
* Bargain hunting has already begun in Pitti Lamination. Scrip can see a handsome rally post its Q4 numbers.

BUY Geometric Soft. Solutions for Long Term - Good bet

Stock Market India — 2007-04-19T09:03:26-07:00

Geometric Soft. Solutions Face Value - Rs2 Buy Rs124.30
Ticker:532312 Equity: Rs 12.26 crore H/L: Rs145/73

Geometric Software Solutions (GSS) has been a silent performer amongst the IT pack that has been growing at a decent pace. This CMMI level-5 company with two decades of experience in the CAD/CAM/CAE provides end to end technology driven business solutions to global corporations in the automotive, aerospace and heavy engineering space. Their solutions with the help of its global delivery model have not only enabled clients to reduce cost, but also improve overall efficiency and productivity.
Further, the counter seems to be investors' favourite with mutual funds holding stake of 7.35 per cent, while FIIs having 14.74 per cent. Not only that, this counter also forms part of the portfolio of Rakesh Jhunjhunwala, who holds 2.46 per cent in the company.
Growing at 3 year CAGR of 26 per cent in topline, the company has posted good numbers for 9MFY07 with a topline of Rs 129.20 crore compared to Rs 118.10 crore for the whole of FY06, while bottomline stood at Rs 22.87 crore compared to Rs 17.66 crore during the same period. Annualising 9MFY07 figures GSS generates a P/E of 24.6x, which looks inline with peers. With the results just around the counter for GSS, the counter might catch momentum, while we feel it's a good bet for long-term.

Power Your Trade BUY Recommendations for Day

Stock Market India — 2007-04-17T23:20:03-07:00

Ashwani Gujral:
Buy Birla Corporation with stop loss of Rs 195 for target of Rs 280

Buy Action Construction Equipment with stop loss of Rs 215 for target of Rs 275

Deepak Mohoni:
Buy Aban Offshore below Rs 2320 with stop loss of Rs 2285. This is a day-trading recommendation

Short Sell Lanco Infratech above Rs 151.50 with stop loss of Rs 154.50. This is a day-trading recommendation

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

Rajat K Bose:
Buy Indian Oil with a stop loss below Rs 404 for a target of Rs 434, 441 & 448. This is a day-trading recommendation

Buy ACC with a stop loss below Rs 798 for a target of Rs 816, 823 & 830. This is a day-trading recommendation

Get FREE Analysis and Recommendations.

managefolio — 2007-04-15T03:37:37-07:00

Latest business news stock market analysis stocks recommendation from industry's top analysts absolutely free. Visit now www.managefolio.net/news now don't left behind. Stay updated stay inform.

IT Companies and BUY Recommendations

Stock Market India — 2007-04-08T21:05:15-07:00

IT Companies and BUY Recommendations
Infosys CMP Rs1965
Reco BUY
Target Price Rs 2530
TCS CMP Rs1203
Reco BUY
Target Price Rs 1499
Satyam CMP Rs457
Reco Outperformer
Target Price Rs 536
Wipro CMP Rs 535
Reco Outperformer
Target Price Rs 685
Tech Mahindra CMP Rs1342
Reco Neutral
Target Price Under review

BUY Tube Investments - The addition of new capacities and a shift in the product mix are likely to drive the company's growth

Stock Market India — 2007-03-25T04:44:07-07:00

Tube Investments - The addition of new capacities and a shift in the product mix are likely to drive the company's growth.
Investors with a medium-term perspective can consider freshexposure in the Tube Investments of India (TII) stock. At the currentmarket price of Rs 53, the stock trades at about eight times its likelyFY-08 earnings per share.
Robust demand environment, planned expansion in capacity andan expected improvement in operating margin are likely to enhanceearnings growth.
The boom in the automobile industry is also likely to rub offpositively on TII's metal-forming division, which, we believe, will bethe growth driver.
Though the stock price has declined in the recent past, theplanned expansion and growth prospects are likely to favour itsperformance in the long run.
Business Segments

TII has its presence across three business segments �metal-forming, engineering and cycles. The metal-forming divisionsupplies doorframes to car manufacturers such as Maruti and Hyundai fortheir specific models.
This unit is likely to propel growth, given that both thecompanies are well established and could come up with new models . Inaddition to this, TII plans to set up a new car doorframe plant nearPune, which is a positive.
With a 65 per cent market share in the manufacture ofroll-formed car doorframes, TII is likely to be a big beneficiary of anautomobile boom. However, since the doorframes are model-specific,revenues for this division depend, to a large extent, on the success ofthe particular car models.
The division also makes chains for automotive and industrialpurposes. The revenue contribution from this segment is likely toimprove on the back of a healthy demand environment in the two-wheelerindustry. In addition to this, the existence of a sizeable replacementmarket for such chains underscores the growth prospects for thissegment.
TII is an established player in precision tubes and steelstrips � the two key products of the engineering division. The capacityexpansion in the precision tubes segment, which was postponed last yeardue to delay in getting clearance from the Pollution Board, is likelyto be in place in FY-08. The positive demand outlook from its userindustries, coupled with TII's plan to nearly double its capacity,suffuses more confidence on the prospects of this division. In additionto this, with the increased capacity skewed in favour of manufacture ofcold-drawn welded tubes, which enjoy higher realisations, thebottomline contribution from this division is likely to improve .
The cycle division of TII, however, has been a laggard. Inspite of double-digit sales figures, the division's contribution to theoverall profitability was only about 8 per cent for the last financialyear. However, the shift in the company's product mix towards more ofengineering and metal-forming goods is likely to reduce its dependenceon the cycle business. Also, TII's holding in Cholamandalam MS GeneralInsurance and Cholamandalam DBS Finance could see some value unlockingin the future. However, the same has not been factored into thevaluation of the stock.
For the quarter-ended December 2006, the topline recorded amarginal growth of about 6 per cent over the corresponding quarter lastyear. Revenues from the metal forming and engineering divisions rose 25per cent and 13 per cent during the period. However, in terms ofearnings, the engineering division continues to be highest contributor(about 56 per cent in the last quarter).
The quarter also saw a 411 basis points dip in operatingprofit margin. Rise in input costs and muted revenue growth could beresponsible for this. However, with the addition of capacities, changein product mix and a stable steel price outlook, the margin pressure islikely to ease.
Concerns

Given that a significant portion of TII's revenues (about 60per cent) depends on the performance of the auto sector, any slowdownis likely to affect its earnings negatively. This apart, the threat ofimports from China, rising raw material costs and the inability to passon input cost hikes to its customers fully, could pose downside risksto our recommendation.

Subhash Projects is likely to benefit from the rural electrification programme

Stock Market India — 2007-03-25T04:42:47-07:00

Subhash Projects - With an early entry advantage, Subhash Projects is likely to benefit from the rural electrification programme
Investors with a medium-term perspective can consider exposures inthe stock of Subhash Projects and Marketing (Subhash). Strong growth inearnings, a robust order-book and successful bids in water-relatedprojects and power transmission and distribution space augur well forthe company's earnings growth prospects. Hydropower projects beingimplemented by subsidiary companies are likely to be earnings-accretivein the long term. At the current market price, the stock trades at 10.5times its likely earnings for FY-08. Subhash Projects has a smallmarket capitalisation of about Rs 600 crore and may be subject tomarket volatility in the short term. The stock is unlikely to repeatthe manifold gains it made in 2005. Investors may, therefore, have tomoderate their returns expectations.
Expanding business

Subhash Projects is an established player in water-relatedprojects. It has also successfully diversified into solid wastemanagement, power transmission and distribution (T&D) andhydropower projects. We believe that the diversified areas holdpotential, as there are not too many players executing small projectsin this space. Further, they are also likely to offer sustained incometo the company.
The company's waste management project in Delhi, for instance, will ensure regular flow of income for eight years.
The company has also completed hydel projects of 20 MW and 6 MW in Karnataka and Arunachal Pradesh respectively.
Though of smallsize, these projects offer the company thetechnical qualification to bid for similar schemes. Though qualifiedfor road projects, the company has not joined the plethora of smallplayers in riding the road infrastructure wave.
The company appears to prefer to build on its core competencies, thus distinguishing itself from other similar-size players.
Subhash's expansion in the power T&D (transmission anddistribution) space has been well-timed. Projects in this area, whichnow account for about 35 per cent of the order-book, have been the maindriver of the company's revenue over 2006 and this year. The companyhas T&D contracts from Bihar, West Bengal and Uttar Pradesh, withover 8,000 villages under the Rajiv Gandhi Vidyutikaran Yojna.
With an early entry advantage, we expect Subhash to benefit from the rural electrification programme.
From being a water projects contractor, Subhash Projects hastransformed itself into an integrated player in urban developmentprojects.
Its recent agreement with the Gujarat Government for variouscity development plans in areas such as water supply and sewerage,electricity utility, roads and township development, reflects thecompany's plan to move up the value chain. Though these projects have along gestation period, they are likely to provide steady cash flows.
Growing numbers

The present order-book of Rs 2,800 crore, with about half inwater projects, is likely to be executed over the next two-three years,lending visibility to earnings over the medium term.
For the nine months ended December 2006, the company's revenuestood at Rs 533 crore � twice that of the corresponding previousperiod. This has improved the operating margin to about 8 per cent fromless than 6 per cent a couple of years ago.
While this is still less than a number of peers, we expectthe increase in T&D revenue stream to improve the OPM. Thecompany's return-on-equity is, however, superior to peers such asMadhucon Projects.
The company's aggressive bidding in water and T&D projectsand participation in projects such as the Pondicherry port wouldrequire it to ramp up capital.
This may lead to equity expansion without adequate earningsgrowth, as the benefits of such capital deployment are likely to occurmuch later. Investors may, therefore, see sedate performance in thenear term, if there is ramp up in equity.

Investors with a two-year perspective can consider taking an exposure in the Tech Mahindra stock

Stock Market India — 2007-03-25T04:17:19-07:00

Investors with a two-year perspective can consider taking anexposure in the Tech Mahindra stock. At the current market price, thestock is trading at a price earnings multiple of 30 times its annualized 2006-07 earnings. While the PEM appears stiff, the$1-billion, five-year contract bagged from BT Global Services inDecember has enhanced the revenue visibility considerably. The revenuesfrom this contract will start flowing in from April. Even if a slowdownin tech spending were to materialize, working with strategic telecomclients such as BT will help Tech Mahindra mitigate its adverse impactto some extent.
Interaction with the senior BT management recently hasstrengthened our view that they are comfortable with Tech Mahindra astheir preferred vendor and the contract was won in a competitiveenvironment. BT, which is a 32.4-per cent shareholder in Tech Mahindra,is also comfortable with the company expanding its relationships withother telecom players such as AT&T, Alcatel-Lucent or Motorola. Ourmedium-term recommendation on the stock impounds lower margins in thefirst year, with margins likely to reach normal levels from the secondyear. For the third quarter ended December 31, 2006, the operatingprofit margins from the telecom service provider segment, whichaccounts for a substantial chunk of its revenues, were fairly robust at38 per cent.
With Infosys Technologies management guidance for the year2007-08 round the corner, any turbulence on this front may lead to aPEM debating across the board. But any correction in the markets willbe a good opportunity to step up exposures in the Tech Mahindra stock.We are revising our November 2006 recommendation of "Book Profitspartially" (especially those who had entered the stock through the IPO)made prior to the BT contract.
The principal risks to our recommendation are: High clientconcentration, project execution risks, slowdown in telecom spending,wage inflation/attrition in a competitive environment and rupeeappreciation.

Capita Telepholio BUY Recommendation

Stock Market India — 2007-03-21T23:44:14-07:00

BUY: TRF
Current Price: Rs. 509
BSE Code: 505854
Face Value: Rs 10

This Tata group company is on the fast track capitalizing on the surging demand for material handling projects in core industries like power, mining, coal, steel, fertilisers, cement, ports, etc.

Actual EPS for year ended March 2005: Rs 7.8
Actual EPS for year ended March 2006: Rs 13.9
Projected EPS for year ended March 2007: Rs 30.6
Projected EPS for year ended March 2008: Rs 45.9

Indian Cement industry a review.

Asif Ahmed Farooqui — 2007-03-05T07:48:02-08:00

Indian Cement industry a review.

27-Feb-07 1:49 AM

Cement is one of the key infrastructure industries. The Indian cement industry comprises 128 large cement plants with an installed capacity of 151.69 million tonnes and more than 300 mini cement plants with an estimated capacity of 11.10 million tonnes per annum resulting in total installed capacity of 163 million tonnes. Actual cement production in 2003-04 was 123.50 million tonnes as against a production of 116.35 million tonnes in 2002-03, which is an increase of 6.15% over 2002-03. Cement production during the year 2004-05 (April-January, 2004-05) was 108.06 million tonnes (provisional), registering a growth of 7.10%.

India is the second largest producer of cement in the world behind China (1.06 billion tonnes). In 2005, India produced 142 mt of cement, accounting for 6.4 per cent of global production of 2.22 billion tonnes. This position has been achieved because of India's sustained growth at an average rate of 8.1 per cent over the past two decades.

The Indian cement industry is on a roll. Driven by a booming housing sector, global demand and increased activity in infrastructure development such as state and national highways, the cement industry has outpaced itself, ramping up production capacity, attracting the top cement companies in the world, and sparking off a spate of mergers and acquisitions to spur growth.

Resulting this Net profit of the top 10 cement companies more than doubled during the quarter ended June 30, '06. Cement production has logged an impressive growth of 13.3 per cent in 2005-2006 compared to only 3.6 per cent in the previous year. Cement and clinker exports are poised to touch the 10-million tonne (mt) mark by the end of 2006-07, further boosted by a 12 per cent rise in consumption in Gulf countries and massive redevelopment efforts in Iraq and Afghanistan.

The booming demand for cement, both in India and abroad, has attracted global majors to India. Within a short span of 2005-06, four of the top-5 cement companies in the world have entered India through mergers, acquisitions, joint ventures or greenfield projects. These include France's Lafarge, Holcim from Switzerland, Italy's Italcementi and Germany's Heidelberg Cements.

The Indian cement industry has also witnessed a flurry of mergers and acquisitions within the domestic players, bringing smaller players under the umbrella of larger companies, and larger companies coming under the umbrella of global players like Holcim and Heidelberg.

The boom in the housing market has given birth a higher demand in India cement. The present initiatives under taken by the Government for infrastructure development has also raised the demand for cement in the country. The cement industry is investing about Rs 36,000 crore over the next three-four years to create additional capacity of 90 million tonnes anticipating a growing demand.

The cement companies such as Ultratech, ACC, GACL and Grasim have grown in the country following the rising demand direction.

The planned capacities of production of Indian Cement Companies are as follows:

Capacities expansion of major Companies

Company Name	Location (By State)	Additional Capacities (In mn tones)	Commissioning Date
JP Associates	Himachal Preadesh	4.55	Dec, 2007
Grasim	Kothputali, Rajasthan	4.08	FY 09 Q1
JP Associates	Uttar Pradesh	3.34	FY 2008
Ultra Tech Cement	Andhra Pradesh	3.19	Q1 FY 2009
OCL	Orissa	3.04	Q1 FY 2009
JK Cement	Karnataka	3.00	Sept 2008
Binani Cement	Rajsthan	2.57	Dec 2006
JP Associates	Madhya Pradesh	2.00	Q3 FY 2008
Zuari Cement	Andhra Pradesh	1.98	H1 FY 2009
Penna Cement	Andhra Pradesh	1.63	H1 FY 2009
ACC	Lakheri Rajsthan	0.94	Dec 2006
Madras Cements	Tamil Nadu	1.84	H1 FY 2009

Source: Alchemy InSite.

Given the sustained growth in the housing sector, the government's emphasis on infrastructure (at both the national and the state level) and increased global demand, the outlook for India's cement industry is exceedingly bright.

The government is keen on infrastructure in India so definitely there will be good news for the cement industry in coming budget. Cement prices are rising due to a tight demand-supply mismatch despite massive investments going into capacity build-up by companies. There is no immediate capacity (new) is available to meet the word demand. Due to world shortage there is no chance of cheap import in India. India companies cement companies are in golden era at this time. Indian cement companies are trading at very low valuation. May cement companies are trading at 6 to 17 PE. Looking at bright future investor should buy cement companies. Shares of cement companies are expected to gain 40 to 60% in coming 6 to 8 months

Asif Ahmed Farooqui

(Analyst)

www.Managefolio.com

Buy IVRCL and Nagarjuna Constructions - Read Analysis

Stock Market India — 2007-03-04T07:49:38-08:00

Investors looking for exposure in the infrastructure space can consider the stocks of IVRCL Infrastructures and Projects, and Nagarjuna Construction. The thrust on irrigation and water management in the recent Budget augurs well for the companies, as both are strong in this space. Buy with a two/three-year perspective. While stocks in the sector have returned manifold gains over the past few years, the re-rating story is unlikely to repeat itself in the near future. Hence, investors need to moderate their returns expectations. Complementing strategies Although both the companies operate in similar business segments, we believe they can complement each other well. While IVRCL continues its thrust on water projects and is likely to emerge a key beneficiary, Nagarjuna's relatively more diversified portfolio is likely to offer cushion against slowdown in any one segment. Further, any risks from IVRCL's more aggressive alliance and acquisition-led strategy is likely to be offset by Nagarjuna's organic growth approach. At the current market price, IVRCL and Nagarjuna trade at 17 times and 13 times respectively, their expected earnings for FY-08. This is after adjusting for tax implications consequent to the withdrawal of Section 80 IA benefits for infrastructure cash contracts. The premium for IVRCL appears justified, given the possible unlocking of value on the listing of its real-estate subsidiary and the potential in the power transmission segment. A high growth story
IVRCL's net profits have grown at about 50 per cent over the past five years on an annualised basis. This high growth has been achieved by the company's ability to quickly ramp up its business in roads, power and recently real-estate without losing focus on its core strength � water-based projects. Its controlling stake in Hindustan Dorr Oliver has not only turned around the latter's business, but also strengthened IVRCL's own water and environment solutions division. Further, IVRCL's tie-up with Nefasa of Spain for the Chennai water desalination plant (commencement of which has been delayed) is likely to give it technical qualification, once completed, for industrial and urban waste treatment projects.

The water and irrigation segment generated 52 per cent of IVRCL's total revenues in FY-06. With the added impetus to irrigation projects and the Urban Renewal Mission (86 per cent of the spending related to water infrastructure) in the latest Budget, IVRCL, armed with the requisite technology, is likely to emerge a prime beneficiary. New businesses hold potential Spotting opportunity in the power space, IVRCL has forayed into the transmission business. This nascent division has grown six times in the past two years, although from a low base. A rural electrification project and a sub-station for Alstom Projects are being executed. The company's plans to set up a manufacturing facility in Nagpur to achieve backward integration may improve operating profit margins in the long run. The listing of the company's real-estate subsidiary, IVR Prime Urban, may see some unlocking of value, given that the company is quickly ramping up activity in the realty space. With an order-book of Rs 7,800 crore (five times the FY-06 revenue), the earnings visibility remains high for IVRCL, given that it has demonstrated strong execution capabilities in the past. A well-laid road
Nagarjuna Construction, while diversifying its business segments, has spread its wings to the overseas markets. An office in Dubai and a subsidiary in Muscat have led to the company bagging over Rs 800 crore worth of water and road projects in Oman. Unlike IVRCL, which has used the acquisition strategy, Nagarjuna has so far set up its own subsidiaries to foray into new areas. NCC Infra Holdings and NCC Urban Infrastructure, which undertake public-private partnership projects and real-estate development respectively, have emerged an effective de-risking strategy. While Nagarjuna's stronghold is water projects, only about 20 per cent of the current order book of Rs 7,000 crore constitutes such schemes with about 40 per cent in transportation. We believe the increased activity in the road segment is a conscious attempt by the company to ramp up volumes. A 50 per cent compounded annual growth in revenue over the last three years appears to have come about through increased proportion of road projects. Given the company's strength in water projects, it can always bid for more such projects in future. Risks
Both IVRCL and Nagarjuna's management have come out with numbers on the impact of the withdrawal of Section 80 IA tax benefits on their bottomline. The impact appears insignificant given the companies' strong fundamentals and business potential in the infrastructure space. Further, both the companies are moving away from being cash contractors, toward build-own-operate transfer (BOT and BOOT) players. While this model is successful in the road sector, it is being now taken forward to hydro-related projects and power sector. The SPVs operating such projects will continue to enjoy the tax incentives. However, there are other risks. The increase in the excise duty on cement, will affect construction players. Price escalation clauses wherever available are likely to offer some protection. Given this situation, we do not expect the current OPM (between 9-10 per cent) to improve. With increasing activity by both the companies in the realty space, the risks related to price fluctuations in land and buildings will have to be factored in. Further, equity expansion, if any, especially for Nagarjuna, can cause earnings dilution in the short term. We, however, maintain that equity expansion is a necessary evil for construction companies to bid for projects and maintain growth.
Source: Business Line

Indian Bank can touch Rs 120

Stock Market India — 2007-03-04T07:28:27-08:00

Ambareesh Baliga of Karvy Stock Broking is of the view that Indian Bank can touch Rs 120.
Baliga told CNBC-TV18, "Indian Bank got listed on a wrong day when the markets started off weak but then looking at the sort of performance which we expect it going ahead, for FY08 we are expecting approximately Rs 20-22 EPS for which at this point of time it looks quite cheap. The upside is there atleast or Rs 120. Possibly I would compare with a Syndicate Bank or possibly a Vijaya Bank to get a comparable PE. It is quoting approximately at 20% discount to those banks valuation wise."

Investors can consider taking exposures in small lots in the Mastek stock with a medium-term perspective

Stock Market India — 2007-02-25T02:10:49-08:00

Investors can consider taking exposures in small lots in the Mastek stock with a medium-term perspective. At the current market price, the stock is trading at a price earnings multiple of 11 times its likely per share earnings for 2006-07. We have a `buy' recommendation outstanding at Rs 360 made in mid-September 2006 and this is a reiteration of that call.
Investors can use any price weakness linked to the broad market to step up exposures. Considering that the stock has been locked in a narrow band for a few months, the returns from the stock will be sedate vis-�-vis other mid-sized software stocks of a similar genre. Investors may need to keep their return expectations to 12-15 per cent.
The two key levers that are working well for Mastek are the contribution from the European geography and steady build-up of revenues and clientele from Elixir.
Elixir, its enterprise platform addressing the life insurance, annuity and pension segment, has added four clients in the second quarter ended December 31, 2006.
The European geography, which accounted for 67 per cent of its revenues, grew by 8.2 per cent in the latest quarter. The improvement in order book to Rs 405 crore - after two sluggish quarters - and operating profit margin improvement in the latest quarter are added kickers to the overall growth.
The relatively upbeat revenue and post-tax earnings guidance at 8.5 per cent and 10 per cent for the third quarter lend confidence to the underlying fundamentals.
The slow traction in the US geography and high exposure to discretionary development spending represent downside risks to the stock. Application development revenues accounted for over 70 per cent of its total revenues in the latest quarter. The high client concentration (88 per cent from the top ten clients) linked to development spending and long lead-time in client acquisition also remain key risks to the business.

Capita Telepholio Recommends BUY Call for Short term

Stock Market India — 2007-02-21T18:31:34-08:00

BUY: Micro Technologies (India)
Current Price: Rs. 242; BSE Code: 532494

Micro Technologies over the years has developed wide range of Software Products especially for use in security systems. The company is expected to continue to grow at fast pace through product innovations, strategic tie-ups and geographical expansion.

Actual EPS for year ended March 2005: Rs 6.7
Actual EPS for year ended March 2006: Rs 16.6
Projected EPS for year ended March 2007: Rs 31.1

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

RE: MoneyTimes - Best Bets - Murudeshwar Ceramics (CMP - Rs.111.85, Target - Rs 250)

Stock Market India — 2007-02-20T20:01:43-08:00

Manohar, this is very unfortunate that you have lost such huge amount of money. I know the things from past cannot be corrected, but I still feel there was no reason to be lucrated towards the advice of anyone without much knowledge of the share market.

I advice all my friends, to first study yourself, read a lot about market, don't rush to put in the money and try for short term gains. We need to think about long term and also have to remember, that market is not going to be here for a year or so. It will be all time in our life and we can take our own decisions after studying it in details.

About your personal financial problems, I am not the right person to comment on. But at least, I can advice you to be very sure before investing in markets here after.

RE: MoneyTimes - Best Bets - Murudeshwar Ceramics (CMP - Rs.111.85, Target - Rs 250)

manohar — 2007-02-20T12:37:49-08:00

this is very 1st time i visited to your side. in april 2006 i join share market and open a/c with indiabull. and without knowing any thing i took loan from bank and invested in future and option with wrong advice of indiabull relation manager and lost till today 8 lakh.

i want to repay bank loan know i have still 1 lakh in my account . i want to protect that money the installment is 15000 and my salary is 5000. pl. guide me what to do? i am to much confuse. how can i recover my losses. whenever i purchase any future market goes down.

i will be very thanksfull for your helping hand

thanks a lot.

Manohar ambekar

x-100/12

godrej cly

vikhroli 4000079

ph 9322718151

ambekar_2005@yahoo.co.in

MoneyTimes - Best Bets - Anjani Portland Cement (CMP - Rs.33.45, Target - Rs 250)

Stock Market India — 2007-02-20T09:42:08-08:00

Anjani Portland Cement (Code: 518091) Rs.33.45

Established in 1983, Anjani Portland Cement Ltd. (APCL) is a small cement manufacturing company in Hyderabad led by Mr. Vishnu Raju of the Rassi Group. It produces 53 grade & 43 grade cement from high grade limestone and sells its under the brand name 'Anjani'. It also manufactures blended cements like Portland Slag Cement and Portland Pozzolona Cement depending upon the customers' requirement and distributes its product through an extensive dealer network mostly in Andhra Pradesh & Tamil Nadu. With its consistent quality and timely delivery, APCL has created a niche for itself in the fragmented cement industry.

Its manufacturing plant is located at Nalgonda district in Andhra Pradesh having an installed capacity of 3,00,000 TPA. Equipped with state of the art technology from Nihon of Japan, this plant has the distinction of being one of the most modern plants in the mini-cement sector. The dry process technology adopted by the unit has many advantages, such as efficiency, better quality control and reduced power consumption which results in low cost of production with consistent and sustained output. Besides, APCL has a mining lease spread over 300 acres merely 6 kms from the factory for mining of limestone. Moreover, it has a captive power plant of 2.7 MW through its wholly-owned subsidiary namely Vennar Ceramics.

Cement industry is witnessing the best of times due to large infrastructure developments, irrigation projects and the ongoing boom in the housing sector which has led to an unprecedented demand for cement. This demand coupled with the sharp rise in cement prices made APCL turnaround smartly. For the nine months ending 31st December 2006, its sales increased by 70% to Rs.54 cr. whereas net profit stood at Rs.8.60 cr. compared to net loss of Rs.2.50 cr. in the corresponding previous period. Its OPM has improved substantially to 23% against 14% for FY06. Accordingly, for FY07 it is estimated to report net sales of Rs.80 cr. with net profit of Rs.10.50 cr. This would translate into an EPS of Rs.6 on its equity of Rs.18.40 cr. With its 52 week high at Rs.44 and the current market cap of Rs.60 cr., the scrip has the potential to appreciate 50% in 12-15 months. Investors are advised to accumulate at sharp declines only.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

MoneyTimes - Best Bets - Murudeshwar Ceramics (CMP - Rs.111.85, Target - Rs 250)

Stock Market India — 2007-02-20T09:16:00-08:00

Murudeshwar Ceramics (Code: 515037) - Rs.111.85

Promoted by Mr. R.N. Shetty in 1983, Murudeshwar Ceramics Ltd. (MCL) is a part of the reputed RNS Group with diversified interests in construction, hotel, power, engineering, auto, IT and education. In 1994, it was the first company to start manufacturing vitrified tiles with an initial capacity of 2,000 sq. mt./day and is one of the major players in this segment with more than 30% market share. Notably, 60% of sales come from institutional supplies to big builders like Hiranandani, Rahejas, Shobha, Mahindra Gesco, L&T, Mantri, Metro Rail, AAI, ICICI, HDFC, Wipro etc. Balance 40% comes from the retail market which it has 75 showrooms and 250 wholesale distributors across India. Although the company had exited the ceramic tiles business earlier due to strong demand it re-entered this business from FY06. It also has small 100% EOU granite division in Bangalore.

Located in Hubli (Karnataka) and Karaikal (Pondicherry), MCL's manufacturing facilities are equipped with state-of-the-art technology in technical collaboration with Sacmi Imola & Breton, Italy. After its recent expansion, the total production capacity on stands at 21000 sq. mt./day of vitrified tiles and 20000 sq. mt./day of ceramic tiles. But its biggest strength is its captive mine for china clay and feldspar, which cater to 80% of its raw material requirements. It also enjoys substantial cost advantage at its Karaikal facility since it has an agreement with GAIL for supply of natural gas. Besides, it has access to grid power at a very competitive rate of Rs.3/kwh. The current capacity utilisation of Vitrified tiles unit is 85% and that of Ceramics tiles unit is 75%. To fulfill the increasing demand, MCL is further expanding its vitrified tile capacity by 4000 sq. mt./day. Incidentally, the company has a 20 acres land near the Electronic City where it intends to develop an IT park in future.

Fundamentally as well as financially, the company is on a strong footing. It has huge reserves of more than Rs.200 cr. on its equity of Rs.17.50 cr. leading to a book value of around Rs.115. Despite stiff competition, it enjoys healthy EBITA margins of 15% in ceramic tiles and 30% in vitrified tiles. Recently, the promoters and Reliance Capital AMC got their 25 lakh preference shares converted into equity shares at Rs.124 per share. For FY07, the company is expected to clock a turnover of Rs.240 cr. with net profit of Rs.28 cr., which works out to an EPS of Rs.16 on its diluted equity of Rs.17.50 cr. For FY08, its revenue & PAT may shoot up to Rs.300 cr. and Rs.35 cr. respectively. Its share price has the potential to touch Rs.175 level in a year's time and if the real estate story also pans out, then the scrip can go up to Rs.250 level.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

Investors with a medium term perspective can consider taking an exposure in the Patni Computer Systems stock

Stock Market India — 2007-02-18T08:54:42-08:00

Investors with a medium term perspective can consider taking an exposure in the Patni Computer Systems stock. At the current market price, the stock is trading at a price earnings multiple of 23 times its calendar 2006 per share earnings (including additional tax provisions). Given the competitive intensity in software services among multinational and domestic frontline vendors, investors may have to moderate their return expectations from the stock. Any price weakness linked to the broad markets can be used as an opportunity to step up exposures. Patni Computers is set to benefit from factors such as higher contribution from new client acquisitions, improving operating margins arising from cost optimisation and new service offerings such as product engineering and enhanced revenues from the European geography. Since the demand environment is likely to remain strong, it will play to Patni's strengths in telecom and insurance. Patni's four key verticals: Manufacturing, insurance, telecommunications and financial services have each grown to a size of $ 80-130 million, with strong anchor clients. This trend is likely to help the company consciously diversify its clientele base beyond the top ten clients. For the fourth quarter ended December 31, 2006, Patni has recorded an improvement in operating profit margins to 17.5 per cent, aided by higher utilisation and lower general and administrative expenses. For the full year, Patni has improved its employee utilisation by 4 percentage points to 71.4 per cent. It is also in the process of broadening the base of its employee pyramid by recruiting more employees at the entry level. From an operational standpoint, the biggest area of concern is attrition, which has risen to 27.4 per cent in the fourth quarter, up from 24.5 per cent the preceding quarter. The contribution of General Electric, its biggest client has been coming down steadily. For the fourth quarter of 2006, it stood at 13.5 per cent of revenues, down from 14.1 per cent on a sequential basis. Any additional kicker to financials may come from acquisitions in Europe. The last acquisition made by Patni was of Cymbal Corporation in 2004 to foray into the telecom vertical. The key risks to our recommendation are intense competition, anti-outsourcing backlash, managing attrition/wage inflation and appreciation in the rupee.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

We recommend investors to buy this scrip for long-term: Larsen and Toubro

Stock Market India — 2007-02-18T02:54:18-08:00

Larsen and Toubro
BSE Code: 500510
CMP: Rs 1615
Volume: 595012
FV: Rs 2
52 week H/L: Rs 1778/903
Equity: Rs 56.11 crore

This engineering giant has solid track record with its topline and bottomline growing consistently for the last five years, at a CAGR of 16 per cent and 26.3 per cent respectively.
Over the years, the company has proved its mettle by venturing into different verticals in engineering and construction space. This time it has embarked its first steps towards defence and aerospace segment. It has signed an MOU with EADS (European aerospace and defence group).
The company has bagged contracts worth Rs 5400 crore from GMR group for the expansion and modernization of Delhi Airport. Besides this, its venture into shipbuilding would strengthen its future growth.
In the 9MFY07 its net sales grew by 12 per cent and order backlog grew by 51 per cent on y-o-y basis. Its order backlog at the end of December 31, 2006 was at Rs 35700 crore, that is 2.2 times of its trailing twelve months sales. We recommend investors to buy this scrip for long-term.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

Pre budget market trend

Sharetipsinfo — 2007-02-17T23:43:57-08:00

Hi Everyone
As we have seen correction few days back and then it recovered in single day ( As we told ). However this correction was good and would have been better if lasted bit more. Still we are making one more claim

MARKET WILL SEE ONE MORE CORRECTION BEFORE BUDGET though minor but will be there and then sensex will zoom up to 15000 mark.

Working key - Don't panic and work as per market trend , Stay invested in market.
IF you have any doubt please feel free to contact us
Regards
Sharetipsinfo team

Chart Focus: Buy in Bharati Shipyard at current levels

Stock Market India — 2007-02-11T20:06:42-08:00

We recommend a buy in Bharati Shipyard at current levels. The correction in May and June 2006 made this stock lose 56 per cent from its peak price of Rs 573. The price is still significantly below its May 2006 peak. The short-term correction that began in January 18 provides an opportunity to buy the stock with a stop at Rs 350. The long-term moving averages positioned around this level will support any further slide in stock prices.
The stock is expected to consolidate in a band between Rs 350 and Rs 430 over the medium term. So, short-term gains cannot be expected in this stock. But the long-term targets are Rs 550 and then Rs 698.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

Investors with a one-year horizon may consider investing in the Satyam Computer Services stock at current price levels

Stock Market India — 2007-02-11T19:43:28-08:00

Investors with a one-year horizon may consider investing in the Satyam Computer Services stock at current price levels. They, however, need to temper their return expectations to 12-15 per cent. Strong participation in large deals, robust client addition, healthy growth expected from new service offerings such as infrastructure management and engineering services and improvement in billing rates is likely to fuel trading interest in the stock. Any acquisition moves by the company will be an additional kicker. The stock trades at a price earnings multiple of 22 times its projected 2006-07 per share earnings and 17 times likely 2007-08 earnings. Moreover, its price earnings multiple, at a 30 per cent discount to Infosys, may narrow over a period of time offering upside to the stock.
The return of vendor pricing power may be a theme that is likely to play out in favour of Satyam over the next year, after the company was dogged by the impact of salary inflation in the early part of 2006-07. The rate increases from existing and new offshoring client contracts are likely to average 2-4 per cent in 2007-08. This, along with increased offshore leverage and better control over selling, general and administrative expenses will help improve margins over the next year.
As a company that enjoys relatively lower billing rates vis-�-vis its frontline peers, billing rate increase may be higher on a relative basis. Every 1 per cent point rise in billing rate will contribute to a 0.7-0.8-percentage point increase in operating margins. This is likely to help Satyam comfortably neutralise the impact of salary inflation in 2007-08. In the third quarter of 2006-07, Satyam improved its operating profit margins by 2.05 percentage points on a sequential basis through operational efficiencies and reduced delivery costs. The principal risks to our recommendation are competitive intensity among multinational and Tier-1 Indian vendors, managing attrition, anti-outsourcing rhetoric and any sharp appreciation in the rupee.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

Capital Telepholio BUY Call Recommendation

Stock Market India — 2007-02-08T01:33:04-08:00

Foseco India is the leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry, which are expected to grow strongly going forward. The parent company Foseco, UK holds 66.5% equity stake in the company. The company is also high dividend paying company and is available at attractive valuation

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group | Money Making and Saving

Investors are strongly recommended to buy at the current level with a price target of Rs.50 (50% appreciation) in 9�12 months

Stock Market India — 2007-02-07T10:45:04-08:00

Agro Dutch Industries (Code:519281) Rs.33

Established in 1992, Agro Dutch Industries Ltd. (ADIL) is engaged in the cultivation, processing and canning of fresh white button mushrooms. The company that initially started with an installed capacity of 3000 TPA is today the largest integrated producer of canned mushrooms in Asia and probably the second largest in the world. It accounts for more than 90% of the mushrooms exported from India and more than 85% of the mushrooms being produced in the country. Being a fully integrated producer, it has its own can manufacturing and packing facility with an installed capacity of 10 cr. cans per annum. Notably, the fully automated can unit is the only unit in India to produce resistance-welded cans with high quality coated surfaces. The company has a strong customer base comprising blue chip customers like Uniliver's Lipton, Rema Foods Inc, ABBY Foods, Goergia Foods etc. The company has also tied up with Leatherhead Food Research Association of the UK to ensure quality compliance for all products prior to shipment.

ADIL's 100% EOU plant is located in Punjab, which produces over 80% of India's wheat and wheat straw, which is the most vital substrate needed for growing mushrooms. The mushrooms are grown in climate-controlled farms and processed under sterilized conditions complying with strict quality control norms laid down by the US FDA like HACCP. ADIL has set up 133 climate controlled growing rooms to ensure that mushrooms are available all through the year. In order to become the world's largest mushroom producer, the company is undertaking aggressive expansion by enhancing its mushroom growing capacity from 36,000 to 50,000 TPA, setting up a Individual Quick Freezing (IQF) plant, new compost making facilities and additional mushroom processing facilities. It is also doubling its can making capacity to 12000 tonnes by way of setting up a new can-making unit with an installed capacity of 6000 TPA near Chennai. The company also plans to set up a 10,000 TPA international scale facility for production of food cans with Easy Open Ends to sell in the domestic and international markets.

To fund this expansion, the company has raised around Rs.36 cr. through a rights issue at Rs.25 per share. The German DEG group gave a term loan of Rs.26 cr. and the company availed of loans from various local banks. Besides, the company has also allotted 1 cr. warrants to promoters and others to be converted into equity shares at Rs.27.50 After reporting not so encouraging numbers over the last two quarters, ADIL recently declared very good numbers for the Dec'06 quarter. Sales increased by 35% to Rs.48 cr. and net profit shot up 70% to Rs.10.85 cr. registering an EPS of Rs.3.70 for the quarter. Notably, its OPM stood at 37% after reporting merely 19% in the preceding two quarters. Accordingly, for the full year it is estimated to report sales of Rs.205 cr. and with net profit of Rs.19 cr. i.e. an EPS of Rs.6 on its current equity of Rs.29.60 cr. For FY08, it may register sales and net profit of Rs.240 cr. and Rs.30 cr. respectively. Investors are strongly recommended to buy at the current level with a price target of Rs.50 (50% appreciation) in 9�12 months.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Chart Focus: Buy Haldyn Glass Gujarat at current levels

Stock Market India — 2007-02-04T12:33:49-08:00

We recommend a buy in Haldyn Glass Gujarat at current levels. The stockhas had a gritty rise from the low of Rs 30 made in July 2006. The darkcloud cover made in December 2006 was negated by the strong greencandle seen in January 2007. The chart is just beginning to turnpositive from a long- term angle as the 10-month ROC moves in to thepositive zone and the 14-month RSI is positioned at 63. The long-termtargets for this stock are Rs 100 and then Rs 130. Short-term investorscan buy this stock with a stop at Rs 58. The short-term targets forthis stock would be Rs 76 and then Rs 84.

Add to Yahoo: stockmarketindia24 | Join Google group | Money Making & Saving

Investments in Greaves Cotton can be considered with a 2-3 year perspective

Stock Market India — 2007-02-04T12:16:55-08:00

The Greaves Cotton (GC) stock offers a dual play on the automotiveand infrastructure equipment sectors. Strong numbers, focussed capexplans, robust demand in the user segments - light commercial vehiclesand the infrastructure sector, are positives.
Concerns about the company's relationship with Piaggio have beenallayed, as the company's alternative strategy to combat loss ofvolumes appears to hold promise. At the current market price, the sharetrades at 10 times its likely earnings for year ending June 2008.Investments can be considered with a 2-3 year perspective.
GC is one of the engineering companies that recovered from theslump of 1999-2003. The company's light diesel engine business, whichcontributed over 60 per cent of the total revenue, is likely to driveearnings visibility on the back of accelerated growth in the low-endtransport vehicle segment. Given the improved road infrastructure, weexpect increased vehicle tonnage on the highways. With themini-commercial vehicles (sub-one tonne category) typically providingthe final link to transport goods to rural areas, GC is well placed tocapitalise on the growth in the diesel three-wheeler segment. Piaggio,a major player in the above segment, has been GC's biggest customer.While Piaggio will continue to source engines from GC until 2010, ithas plans to start its own diesel engine plant. It appears to beworking towards diversifying its customer base, increasing exports andfocusing more on the infrastructure equipment segment. The company hasalready forayed into West Asia and is also eyeing other internationalmarkets. The infrastructure equipment segment has received a boost withthe recent opening of another plant in Chennai. While the enginesegment is likely to continue as the revenue driver, we expect theinfrastructure equipment space to see massive growth, given the currentspending in the road sector. This strategy to prevent volume loss overthe long-term inspires confidence. GC's third-quarter profits jumped by66 per cent and accompanied an improvement in profit margins. Anytapering off of volume growth in the automotive sector remains a risk.

Add to Yahoo: stockmarketindia24 | Join Google group | Money Making & Saving

Capita Telepholio Strong BUY Recommendation

Stock Market India — 2007-01-31T21:07:56-08:00

BUY: Castrol India
Current Price: Rs 233
BSE Code: 500870
Face Value: Rs 10
NSE Symbol: Not listed

Castrol India is a 70.92% subsidiary of Castrol UK (part of BP Group), marketing the most popular lube brand in India. Strong growth in automobile industry and expected easing of raw material price in future should help it get back to the growth track.

Actual EPS for year ended December 2005: Rs 11.5
Projected EPS for year ended December 2007: Rs 15.0
Actual EPS for year ended December 2006: Rs 11.3

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Any Views on IPO of Firstsource Solutions

guest — 2007-01-29T02:52:17-08:00

Any Views on IPO of Firstsource Solutions

Investment with a long term horizon can be considered in the stock

Stock Market India — 2007-01-27T16:53:01-08:00

Prajay Engineers Syndicate's comfortable land bank, dominantpositioning in Hyderabad, multiple projects under execution andsuperior returns on equity, lend visibility to its earnings growth.Investment with a two-year horizon can be considered in the stock.
At the current market price, the stock trades at nine times its expected earnings for FY-08.
This is assuming an expanded equity of Rs 39.7 crore after fullconversion of foreign currency convertible bonds (FCCBs), and warrantsand subject to the ongoing projects being completed on time.
A Hyderabad-based real-estate developer, Prajay hastraditionally focussed on mass housing for the middle- and upper-middle-income segment.
The company has also forayed into the hospitality sector with a three-star hotel.
Changing business mix

While mass housing has been driving Prajay's business, thecompany has been altering its business mix to gradually shift to thepremium housing segment.

The company appears to have followed the trend in other Tier-IIcities such as Pune, where the growing income levels fuelled by the ITsector have increased the demand for premium housing.
Over the next four years, the company plans to develop 3.6million sq. ft. of luxury residentials as against 2.2 million sq. ft ofmass housing.
While volumes have driven the company's operating profitmargins from 32 per cent to 42 per cent over the last fiscal (fromFY-05 to FY-06), we expect this shift in business mix to lend furthersupport to the margins, as luxury segments typically provide relativelybetter returns for a developer.
The company's foray into this segment has also been wellreceived with a number of projects fully booked, post-offer. Apart frompresence in the commercial and retail space on a smaller scale,Prajay's next expansion move appears to be in the hospitality sectorwhich will be let out to operators.
Prajay has finalised plans for five-star hotels and isalready running a three-star hotel in Hyderabad which is set forfurther expansion.If the primary real-estate segment continues to growat the current pace, contribution to revenues from the hotel segment isunlikely to be significant. Nevertheless, it is likely to bring somesteady revenue and propel the bottomline.
Ready land bank

Prajay had a comfortable 650 acres with development area of 18million sq ft. This land is fully paid and, hence, has less uncertaintyin terms of acquisition-related issues. While the magnitude of futureplans seems massive in relation to its completed projects, the companyappears to have a well-laid strategy. Two key issues � land bank andfund plans � appear to be in place. For one, it has steadily built itsland bank to a comfortable position.
This is reflected in the inventory (land being the inventory)jump by five times over FY02-06. Second, over FY-05 and FY-06 thecompany has raised over Rs 300 crore through FCCBs and warrants. Thesefunds have been raised on time to fund growth plans, especially in thehotel space.
Macro factors

Hyderabad has emerged as one of the best Tier-II cities interms of being an IT/IT-enabled services outsourcing hub. This has ledto soaring land values and demand for residential and commercial spacein the city. Prajay has the advantage of being a `local player' with acomfortable land bank accumulated over time, thus averaging the cost.This may give the company an edge over bigger players from the Norththat are foraying into this city. Further, being an IT hub has alsoincreased the air passenger traffic in Hyderabad, which is likely totranslate into higher demand for hotel rooms.
Prajay's return on equity at 65 per cent in FY-06 is on a parwith D. S. Kulkarni Developers, which has a superior return amongplayers of similar size. Although Prajay is moving to Goa, Bhubaneswarand eyeing the Mangalore and Puducherry markets, its current projectsare concentrated in and around Hyderabad, exposing them to risks ofbusiness concentration. Further, while the company is well-geared interms of land and funds, its execution risks are high, given the scaleat which it is ramping up business. From 4.5 million sq. ft ofdevelopment done so far, the company is aiming at 18 million sq. ft inthe next seven years. That the company has been ramping up manpower andtreading known territory, lends confidence.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Monthly Charts show strength in Crane Software

Stock Market India — 2007-01-27T16:48:14-08:00

We recommend a buy in Crane Software at current levels. Though, theweekly and daily charts are choppy and volatile, the monthly chart isinteresting. The stock hit a high of Rs 135 in November 2005 and hasbeen moving sideways since then. This consolidation phase has halted ata low of Rs 85, which is exactly 38.2 per cent retracement from itsall-time high. We expect the long term up trend to launch in to its third legupward that has the minimum target of Rs 220. However, it is uncertainwhen the consolidation move will end. This stock is more apt forlong-term investors, who can accumulate the stock in the band betweenRs 85 and Rs 100 with a stop at Rs 80.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

An investment can be considered in the stock of Balaji Telefilms

Stock Market India — 2007-01-27T16:12:59-08:00

An investment can be considered in the stock of television contentprovider Balaji Telefilms. The stock has been an under-performer in therecent mid-cap rally. The current market price is still about 30 percent below its May-2006 levels. Valuations are now at attractivelevels; the stock trades at less than 10 times its likely FY08earnings, assuming a conservative 15 per cent growth in per-shareearnings.
Balaji Telefilms continues to script success stories in thetelevision family-soap space. Clearly, the Indian masses are not tiredof following the twists and turns of Saas-Bahu dramas.
Balaji's serials occupy more than 40 of the top 100 slots inthe TRP ratings on a consistent basis. Its content continues to be thedriver of viewership for Star Plus. Balaji has successfully translatedthis strength into higher realisations for its programmes.
Realisation per hour from commissioned programmes, for whichBalaji receives a fixed fee from the channel, increased by 15 per centon a quarter-on-quarter basis and by 38 per cent on a year-on-yearbasis. The higher pricing has helped offset the impact of twoprogrammes, K Street Pali Hill on Star and Kaisa Yeh Pyaar Hai on Sony, going off air during the quarter.
Operating margins are now closer to the 40 per cent levels onceagain. Commissioned programmes now account for more than 90 per cent ofits revenues. As the company does not bear the risk of marketing itsprogrammes to advertisers, the revenue mix lends stability to itsoperations, even as it enhances its margin profile.
Balaji Telefilms is likely to continue to enjoy this pricingpower as a leading content provider. In the post-CAS (conditionalaccess system) scenario, channels are likely to pay a premium forcontent to woo viewers. New entertainment-channel launches are on thehorizon, which could provide an opportunity for more programmes fromBalaji. It has begun to make an impact on channels other than Star,with its show Kasamh Se on Zee also topping the rating charts.
Failures of its planned film releases could, however, dampen earnings and is a risk to our recommendation.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Capita Telepholio Recommends Short Term BUY Call

Stock Market India — 2007-01-25T07:17:25-08:00

BUY: Bharat Forge; Current Price: Rs 352

BSE Code: 500493; NSE Symbol: BHARATFORG; Face Value: Rs 2

Bharat Forge is a 'Full Service Supplier' of engine & chassis components. It is the largest forging company in Asia and one of the three largest and most technologically advanced commercial forge shops in the world. The company will enjoy faster growth in profits from next year on the back of increased capacity utilisations of expanded capacities, improvement in operating profit margins in overseas subsidiaries and on account of higher machined components and non-auto business and lower capex.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Capita Telepholio Short Term BUY Recommendation

Stock Market India — 2007-01-24T07:32:37-08:00

BUY: Castrol India
BSE Code: 500870
NSE Symbol: Not listed

Castrol India is a 70.92% subsidiary of Castrol UK (part of BP Group), marketing the most popular lube brand in India. Strong growth in automobile industry and expected easing of raw material price in future should help it get back to the growth track.

Actual EPS for year ended December 2005: Rs 11.5
Actual EPS for year ended December 2006 Rs 11.3

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Updated Hot buys now

Leoganesh — 2007-01-23T18:38:51-08:00

Friends,

Get all Intra-Day Calls with Daily Digest Newsletter by 9:00 AM Everyday for FREE.

Just register @ http://www.theindianstocks.com/forum/bb/index.php

Daily Digest Newletter @ http://www.theindianstocks.com/forum/bb/viewforum.php?f=128

Jai Corp was recommended on 31st Oct at 370 levels before anyone could recommend it. We again gave a buy @ 1600 levels. Now see @ what price its trading.

Reason : Jai Corp just sit back and sit tight. They have raised huge dollars and till such time they put the money to work they have to show an appreciation in the stock value for obvious reasons.
Anand Jain was the man ADA targetted and he own Jai Corp. This should tell you what Jai Corp is all about.
Jai might the SEZ vehicle for MDA.
Jai would in all probability acquire lands for RPL and Reliance Retail, build and lease them for the Retail and petro story.

Jai Corp, Shree precoated steel, Asian cerc, Educomp, Tech Mahindra, Aban, RIIL, Financial Tech, Ivrcl, Divis, ZEE, Unitech,
Atlanta etc++++

If you are a serious day trader, then you can login into Trading Hub - Profit Room for all day trading calls :

Details on how to login into Profit room : http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594

Good Luck

RE: We show you how to mint money in stock markets daily.

Leoganesh — 2007-01-21T18:25:42-08:00

You can find it in Daily Digest board in the forum.

Please login into "Trading Hub" to get all intra day calls.

http://www.theindianstocks.com/forum/bb/index.php

Chart shows strength in Aventis Pharma

Stock Market India — 2007-01-21T04:16:20-08:00

We recommend a buy in Aventis Pharma at current levels. The stock iscurrently positioned at its long-term support line at Rs 1,400. Athree-wave move is nearing completion from the peak formed in May 2006.The stock can consolidate in a band between Rs 1,300 and Rs 1,700 for afew months before it resumes its long-term up move that can take theprice beyond its previous high of Rs 2,125. Intermittent resistancewill be at Rs 1,820. Long-term investors can accumulate in the bandbetween Rs 1,500 and Rs 1,300 with a stop at Rs 1,250. Short-terminvestors should enter this stock only if the price closes above Rs1,500. Short-term targets are Rs 1,595 and then Rs 1,750.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Strong financials and expanded capacities lend strength to the earnings prospects for Bharat Bijlee over the medium term

Stock Market India — 2007-01-21T04:14:30-08:00

Strong financials and expanded capacities, combined with increaseddemand for transformers on the back of power reforms lend strength tothe earnings prospects for Bharat Bijlee over the medium term.
At the current market price, the stock trades at 13 times itsexpected earnings for FY08. We reiterate a `buy' on the stock with amedium-term perspective. Returns may, however, be moderate in contrastto the manifold gains over the past couple of years.
Bharat Bijlee manufactures power and distribution transformersand a range of electric motors. After restructuring its businessportfolio, which involved divesting its elevator field operations, thecompany has focussed on its transformer business. This resulted in anincrease in the segment revenue from 34 per cent in FY2005 to about 50per cent in FY2006. The company expanded its transformer manufacturingcapacity from 4800 MVA to 8000 MVA in March 2006. This is alreadyreflected in the 50 per cent jump in revenues for the nine months endedDecember 2006 against the same period last year. This expansion appearswell timed and augurs well for the company's revenue growth given thecurrent boom in offtake of power equipment. Until 2005, Bharat Bijleelagged its peers in terms of operating profit margins (OPMs). It hassince then improved its OPMs by moving to higher range transformersthat typically yield better margins. Its OPMs for the third quarter ofFY2007 at 20 per cent are superior to most similar sized companies inthe industry. The motor division, which has clients such as NTPC andReliance Industries, accounted for about 30 per cent of the revenuesover the last two years. We expect the current capital spending byvarious industries to aid steady growth for this division. BharatBijlee has a comfortable cash position, despite operating in a workingcapital intensive industry with long gestation periods. Internalaccruals and a solid investment book is likely to take care of furtherexpansion plans, without the need for equity dilution. Any hike inprice of raw materials such as copper can impact margins. The financialhealth of State Electricity Boards, who are major clients for thecompany, still remains a cause of concern. However, fund assistancethrough power reform programmes has mitigated the above risk to someextent.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

RE: We show you how to mint money in stock markets daily.

shiv — 2007-01-21T01:41:19-08:00

well nice idea to share wealth.

will you give me some personalised call in futures

vm_shivachandar@yahoo.co.in

RE: Investment Idea: FULFORD INDIA LTD - BUY

mklnarayan — 2007-01-20T06:20:14-08:00

Thank u very very much sir for ur great service. keep it up. God bless u always,

Regards

mklnarayan

Dalaal Street Journal's Technical, Choice Scrip, Low Price Scrip, Analysis, Hot Chips BUY Calls

Stock Market India — 2007-01-19T11:51:49-08:00

TECHNICAL
EXIDE IND 500086
Buy @ 40,

KALYANI STEELS
500235 Buy @ 454,

SAREGAMA INDIA 532163
Buy @ 227,

UTV SOFTWARE 532619
Buy @ 296

CHOICE SCRIP
GAIL INDIA 532155
Buy @ 277

LOW PRICE SCRIP
SOUTHERN IRON AND STEEL 530491
Buy @ 28

ANALYSIS
CELEBRITY FASHIONS 532695
Buy @ 115

ASIAN ELECTRONICS 503940
Buy @ 558

HOT CHIPS
DENA BANK 532121
Buy @ 40,

PATEL ENG 531120
Buy @ 466,

3I INFOTECH 532628
Buy @ 280,

BPCL 500547
Buy @ 359Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Capita telepholio short term BUY recommedation

Stock Market India — 2007-01-19T11:33:46-08:00

BUY : Biocon at Rs 422
BSE Code : 532523
NSE Symbol: BIOCON
Face Value: Rs 5

Biocon and its three subsidiarycompanies form a fully integrated biopharmaceutical enterprise,specializing in custom research, clinical research, biopharmaceuticalsand enzymes. After a phase of consolidation during which hugeinvestments were made, the company is back on the healthy growth track.

Actual consolidated EPS for March 2006 : Rs 17.2
Projected consolidated EPS for March 2007: Rs 19.7
Projected consolidated EPS for March 2008: Rs 26.8

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Investment Idea: FULFORD INDIA LTD - BUY

Stock Market India — 2007-01-18T22:25:00-08:00

FULFORD INDIA LTD (BSE CODE:506803)

CMP: Rs 620; 6 Months Target: Rs 750; Recommendation: BUY

Fulford market drugs in therapeutic areas like oncology, virology, cardiovascular, dermatology, anti infective and anti histamines. Most of these products are original research products of Schering-Plough. Pharma analysts feel that Fulford plans to increase its product profile into new therapeutics areas and may market more Schering-Plough products in the country. Fulford plans to increase its product profile into new therapeutics areas and may market more Schering-Plough products in the country.
The Indian Pharma market is predicted to grow at a CAGR of 11.3% during five-year period 2003-08. MNC Pharma companies have been concentrating on fewer launches, aggressively marketing them through well-designed doctor education activities and patient support programs, virtually doubling the sales per brand. This will get full year impact in FY07 and would drive the company's earnings higher in the coming quarters.

In India, the annual expenditure on pharmaceuticals products is just $3 per capita, negligible when compared with corresponding spending in Japan ($412) and United States ($191). It is estimated that an increase of only two dollars in per capita spending will help grow Indian pharma companies attractively into the future

The company will benefit from the growing spend on the healthcare services driven by growing population along with higher income levels, low per capita medical expenditure currently prevailing in the country and company's presence in the key therapeutic areas.

At present equity contribution of parent company is only 40 percent. Schering-Plough might want to increase its stake from the present level so as to make Fulford its subsidiary, ahead of possible launch in the post-patent arena. The parent company may launch new patented products which fetch higher profit margins post 2008.

For the quarter ended September 2006, Fulford India reported 24.2% fall in net profit, to Rs 3.63 crore (Rs 4.79 crore). Net sales rose 9.1% to Rs 42.88 crore (Rs 39.3 crore)

Fulford has refrained from launching many new drugs from its parent's portfolio owing to the prevailing patent laws. But with the parent's stake rising, investors can expect more new launches from it in the future.

The major factors that are going to drive the topline & bottomline higher are incremental revenue from resumption of tablet business and a greater control over expenditure. Thus, we recommend an investment view of BUY.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Buy Balrampur Chini Mills: Read Analysis

Stock Market India — 2007-01-18T22:19:41-08:00

The prospect of an earnings slowdown for sugar companies due to weakening sugar prices has triggered a 60 per cent decline in the Balrampur Chini Mills stock since April 2006.

This has trimmed the price-earnings multiple for the stock from about 15 times the FY-07 earnings to about 8.5 times, presenting a good buying opportunity for long-term investors at the current price level of Rs 84. A significant slowdown in earnings growth from a scorching pace during the past two years is already factored into the stock price.

Going forward, Balrampur Chini Mills appears on course to deliver double-digit earnings growth over the next couple of years. The company's ongoing capex programmes, which will bolster volume growth, and an increasing contribution from power and distillery operations, are likely to offset the impact of flat or marginally lower sugar realisations on earnings. The lifting of the export ban on sugar is likely to lead to a tighter domestic supply scenario and provide support to domestic sugar prices at current levels.

Sugar scenario

Expectations of comfortable sugar supplies in the sugar season 2006-07 (October-September) have triggered a 15 per cent decline in sugar prices over the past couple of quarters. With sugar output expected to recover to about 227 lakh tonnes in the current season on top of opening stocks of about 36 lakh tonnes, total sugar availability is expected to be of the order of 263 lakh tonnes. Assuming domestic consumption of about 200 lakh tonnes and no exports, this would have resulted in the closing stock of about 63 lakh tonnes or four months' consumption by end of this season, a much higher inventory than in 2005 or 2006. However, the lifting of the export ban may lead to a significant draw down in the forecast inventories. The re-export obligations of mills and the freight advantages of shipping to neighbouring markets suggest that exports of about 20 lakh tonnes are likely, though they may not fetch a significant premium to domestic realisations. Sugar prices may find support at Rs 1,700-1,750 a quintal, on the back of higher consumption due to a buoyant economy, combined with depleting inventories due to exports.

Upside from diversification

Among the frontline sugar companies, Balrampur Chini Mills appears better placed to deliver reasonable earnings growth in a scenario of flat or marginally declining sugar prices. The company controls cane crushing capacities of 57,500 tcd (tonnes crushed per day) spread over seven locations in Eastern Uttar Pradesh, distillery capacities of 320 kilolitres per day and generates about 86 MW of surplus power from baggase.

For one, the company has managed to rein in increases in procurement costs over the years by virtue of its location. With few large players in this belt, Eastern Uttar Pradesh has not witnessed the intense competition for cane seen in the other belts. The sharp expansion in cane acreage in the current season could thus reduce procurement costs and provide relief on margins, while expanding revenues from by-products such as power and ethanol.

Second, significant capacities in downstream products have enabled the company to diversify its revenue stream outside of its sugar operations; this makes earnings less sensitive to small swings in sugar prices. Co-generated power and alcohol alone contributed 23 per cent of Balrampur Chini's operating profits in 2005-06 and this proportion is likely to rise over the next couple of years on the back of expansion projects.

Third, the company has already made significant investments in fresh capacities for sugar and by-products, which may boost volumes and revenues over the next couple of years. The ongoing projects are expected to expand sugar capacities by about 50 per cent, power generation by about 80 per cent and double distillery capacities by FY-08; a big portion of the earnings from these projects will flow in during the current financial year ended September 2007.
Though the undemanding valuation for the stock (at eight times forward earnings) reduces the downside risk at current levels, investors in the stock should take note of the risks arising from the commodity nature of the business. An upward revision in domestic sugar production estimates and any further policy intervention to curtail sugar prices are the key sector-specific risks, while any delays in stabilising production at the new facilities would be the key company-specific risks to earnings.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Short term and Intraday recommendations by Rajat Bose, Ashwani Gujral and Depak Mohani

Stock Market India — 2007-01-18T19:41:47-08:00

Rajat K Bose
Buy ITC around the last close with stop loss below Rs 169 for a target of Rs 178

Buy BPCL around the last close with stop loss below Rs 359.50 for a target of Rs 374

Ashwani Gujral
Buy Dabur India with stop loss of Rs 150 for a target of Rs 230

Deepak Mohoni
Buy Tech Mahindra below Rs 1975 with stop loss of Rs 1945; Its an intra-day recommendation

Short sell Maruti above Rs 906 with stop loss of Rs 914; Its an intra-day recommendation

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Three Hot BUY Calls Supported by News

Stock Market India — 2007-01-18T01:03:59-08:00

Krebs Biochem- Rs 99

Ranbaxy has picked up 14.8% stake in Krebs Biochem at Rs 85/per share. The company has manufacturing facility for statins which also has got US FDA. The move is likely to improve the plant utilization. The company is expected to see turn around with this fund infusion as it currently carries high level of debt. The pharma API business is currently making profit while its sugar business is showing loss. We recommend investors Buy the stock with medium term perspective.

ITC-Rs170
ITC announced its plans to open 140 stores under Choupal Fresh in 54 towns. The focus is to establish the chain for distributing Fruits and Vegetables. The format consist of both whole sale and retail format. The Agri business which currently contributes 14% of the revenues is likely to see high share in the revenues in coming years. At current market price, the stock trades at We recommend investors to Buy the stock 23.7x and 21.7x FY07E and FY08E earnings. We recommend investors to Buy the stock with price target of Rs 213 over 12 months.

*HOT NEWS*

ICSA -Rs.1099.25
ICSA is divesting 14% of its stake to Citigroup venture Capital for $30mn. Goldman Sachs is also investing $22mn through FCCBs. As per understanding FCCBs will be converting over 5 years at a premium of 40% as permarket rate prevailing at the time of conversion.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

RE: We show you how to mint money in stock markets daily.

vivek — 2007-01-17T23:26:56-08:00

Hello, Leoganesh,

This intraday calls in where can I find in indianstockmarket.com forum pls tell me.

thank u,

pls reply me,

Ragards

Vivekd

Low Risk High Return Stock - AmarRaja Batteries

Stock Market India — 2007-01-17T22:35:33-08:00

AMARRAJA BATTERIES
Present Price � Rs.437 Projected Price � Rs.490

Amar Raja Batteries is a dominant leader in Industrial Batteries and is emerging as a fast growing brand in the Automotive Batteries segment with its Amaron brand. Amaron is the second largest selling battery brand in the country today. ARBL sources this technology from its partner, Johnson Controls Inc., which holds a 26% equity stake in the company. It enjoys a market share of more than 50% in the domestic industrial battery market. Over the years, ARBL has developed a strong base in the industrial battery segment wherein it has railways and major telecom companies as its clients. ARBL also enjoys a strong presence in other power-control applications in process industries, oil and power sectors. On the technical front, the stock has broken out of a bullish pattern
after a long consolidation. Buying is advised at current levels and at all declines. Long term holders can expect
higher targets.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Stock HiFi Short Term BUY and SELL Calls

Stock Market India — 2007-01-17T22:22:17-08:00

BEST BUYS
SCRIPRECOM. RATETARGET 1TARGET 2STOP LOSS
VOLTAMP720754771713
IDFC929610090
MID CAP ITROLTACMCNIIT TECHIFLEX, TECH M
BANKING STOCKSFEDERALICICICENTURION BK OF PUNJABKTK BANK
DIVIS LAB3165325033303130
LIBERTY SHOES168180190164

BEST SELLS
SCRIPRECOM. RATETARGET 1TARGET 2STOP LOSS
PSTL200193188203
WWIL119114110121
BRFL224210201228
TULIP625605590631
IVRCL INFRA396385378400

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Short term buy calls by Deepak Mohani

Stock Market India — 2007-01-17T22:21:10-08:00

Buy Zensar Technologies with stop loss of Rs 225 for target of Rs 300

Buy Zensar Technologies with stop loss of Rs 225 for target of Rs 300.

Disclosure:Neitherme, nor my family nor our clients have any position in the above stock.However we run a substantial newsletter, chatroom and money mgmtbusiness and this can change at any time in the future.

Buy Vakrangee Software with stop loss of Rs 230 for target of Rs 325

Buy Vakrangee Software with stop loss of Rs 230 for target of Rs 325

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

We show you how to mint money in stock markets daily.

Leoganesh — 2007-01-17T17:01:04-08:00

Dear Friends,

Calls given via Yahoo, Jabber, Gmail during Market hours yesterday - 17.01.07

1. 31 info tech buy @ 257 sold @ 272
2. Aban Futures buy @ 1672 sold @ 1702.
3. Siemens futures buy @ 1206 sold @ 1218
4. Divis Futures buy @ 3070 sold @ 3125
5. CMC buy @ 1110 sold @ 1185
6. CMC sold @ 1182 buy @ 1152
7. CMC buy @ 1155 sold @ 1235
8. Tech M buy @ 1898, sold @ 1991
9. IDFC Fut buy @ 90 sold @ 93

Delivery pick : Buy 3i for delivery target of 375 - 400

Daily Digest Call - JHUNJHUNWALA VANASPATI ! Bullish Breakout in Extreme Short Term Charts - Use Every Decline was the call. It went up almost 20 %

Futures Positional Call

Polaris buy @ 155 still holding
Rel Cap buy @ 611 still holding
Divis Futures buy @ 2500 still holding

Get all Intra-Day Calls with Daily Digest Newsletter by 9:00 AM Everyday for FREE. Just register @ http://www.theindianstocks.com/forum/bb/index.php

If you are a serious day trader, then you can login into Trading Hub - Profit Room for all day trading calls :
Details on how to login into Profit room : http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594

All Calls given by Aryanshare. If you want to add him on your yahoo messenger, his nick is : aryanshare_theindianstocks.com

GoodLuck

RE: Capita Telepholio BUY Recommendation 13th Jan 2007

vivek — 2007-01-15T01:37:58-08:00

Hello,

Subodh, u r call for KEC Int. is very good, today on 15/01/07 its go 20% up, from where u got this call? Go ahead, best of luck.

Regards

Vivek

Chart Focus - BHEL - BUY at current levels

Stock Market India — 2007-01-14T08:30:07-08:00

We recommend a buy on BHEL at current levels. The chart is turningfrom a low of Rs 2,105, which is exactly 61.8 per cent retracement ofthe rally since Rs 1,730 (July 24, 2006). The long- term trend line isalso positioned at these levels. An intermediate-term up move can takeplace from these levels, with targets at Rs 2,680 and then Rs 3,037.Investors can buy for the intermediate term with a stop at Rs 2,050. Short-term targets for this stock would be at Rs 2,415. Short-term investors can book profit at this level.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Google group

Scope for a 15-20 per cent return on the stock price from current levels

Stock Market India — 2007-01-14T08:17:59-08:00

Strong growth prospects for the health drinks business andimproving pricing power make GlaxoSmithkline Consumer Healthcare a goodinvestment proposition for investors with a medium-term outlook. At itscurrent price of Rs.577, the stock trades at a price-earnings multipleof about 18 times its trailing 12-month earnings and just about 16times its likely FY07 earnings. This places the stock's valuation at asignificant discount to other FMCG companies, which enjoy multiples ofbetween 25 and 28 times forward earnings.
Sales growth for categories such as malted food drinks haveaccelerated to double digits in recent months, on the back of higherpromotional activity, improving income levels and higher offtake ofFMCGs from the non-urban centres. As the dominant player in the healthdrinks business (Cadbury India being the only competitor of note), GSKConsumer appears a direct beneficiary of this trend. Over the pastyear, the company has made packaging innovations in its flagship brand,Horlicks, and rolled out new ad campaigns for brown drinks - Boost andMaltova. The company has also acquired a significant presence in theout-of-home segment through its vending machines in schools, railwaystations and other high traffic areas. Rising input costs have been aproblem area for the company in the first nine months of 2006, withrising prices of milk, wheat and sugar. However, imminent increases inoutput of wheat and sugar this year could moderate input pricepressures on these commodities in the months ahead. In any case, GSKConsumer reported a 19 per cent growth in earnings in the first ninemonths of 2006 despite the margin pressures. This was on top of a 46per cent expansion in earnings the previous year.
On the flip side, with its presence restricted mainly tohealth drinks, GSK Consumer's product portfolio continues to be limitedand would justify a valuation discount to other FMCG companies.However, the significant valuation gap with other FMCG majors andreasonable growth prospects still offer scope for a 15-20 per centreturn on the stock price from current levels.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

RE: Capita Telepholio BUY Recommendation 13th Jan 2007

subodh Shah — 2007-01-12T09:37:28-08:00

What is Target of KEC Internationa?

INvestment medium term or long term?

Capita Telepholio BUY Recommendation 13th Jan 2007

Stock Market India — 2007-01-12T06:38:48-08:00

BUY : KEC International at Rs 404
BSE Code : 532714
NSE Symbol: KEC
Face Value: Rs 10

KEC International isIndia's largest transmission line tower company with strong presencenot only in India but also overseas. With huge investment expected inpower transmission sector in India, the company is on a strong growthpath.

Actual EPS for March 2006 : Rs 13.1
Projected EPS for March 2007 : Rs 28.6
Projected EPS for March 2008 : Rs 37.4

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Join Google group

Best BUYs and Best SELLs by Stocks Hi Fi

Stocks Investor — 2007-01-08T20:31:14-08:00

BEST BUYS
SCRIPRECOM. RATETARGET 1TARGET 2STOP LOSS
BEML1100113511691091
DCM SHRIRAM CONS115120125112
ESSAR OIL55586053
ADLABS FILM452468479448
NAUKRI.COM (INFOEDGE)718741765715

BEST SELLS
SCRIPRECOM. RATETARGET 1TARGET 2STOP LOSS
INDIA BULLS285270258290
BAJAJ HIND204196188209
SIEMENS1105108010501117
RENUKA SUGAR450428413454
AC103810109801044

More BUY Calls

Two evergreen stocks to add to your portfolio

Stock Market India — 2007-01-08T06:03:42-08:00

Even in a crashing market, there aresome stocks, some stories that can be counted to bail you out. Even inthe last May-mayhem, the market had found some support through suchstocks.
AshishShah of AC Choksi picks two stocks that can deliver superior returns.These stocks may not necessarily be low priced, but may offer goodvalue to investors in time to come.
Shah says that Timexis an interesting story as it is the only watch manufacturingmultinational brand in the country. He adds that looking at the marketexpansion, they expect it to do well in the coming years.
His next pick is International Travel House for which they expect a 50-70% appreciation in a year or so.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Google group

Alert Runaway growth in demand for commercial vehicles and a strong showing in the compact car business augur well for the prospects of Tata Motors

Stock Market India — 2007-01-07T05:55:07-08:00

Runaway growth in demand for commercial vehicles and a strongshowing in the compact car business augur well for the prospects ofTata Motors
The commercial vehicles (CV) industry is in the midst of anunprecedented demand surge with an over 35 per cent growth in the firstnine months of this fiscal. Riding this sharp growth curve is Tata Motors, whose CV salesgrowth at 48 per cent in the April-December 2006 period is runningahead of the overall industry.
The icing on the cake for Tata Motors (TML) is the equallygood growth (23 per cent) in its passenger cars business, where theIndica Xeta and Safari Dicor have been driving volumes.
TML is set to put out an impressive report card for the thirdquarter; the fourth quarter can only be better in terms of salesvolumes in both CVs and cars as, traditionally, demand acceleratestowards the end of the fiscal.

The market has acknowledged this fact as the TML stock has risen bymore than 12 per cent in the last ten trading sessions to Rs 933 now,which is a PEM of about 20 times the annualised second quarterearnings. Investors can consider taking fresh exposures in the stock.However, those considering fresh investments should keep in mind thefact that appreciation from these levels may be slower and over anextended time frame.
Rocketing CV sales

The effective implementation of the Supreme Court ruling onoverloading made last year and the continued investment ininfrastructure projects, including public investment in roadconstruction, has generated and sustained demand for heavy commercialvehicles.
In light commercial vehicles, the runaway success of the Ace,where the company is not able to produce enough to meet demand, hasbeen a predominant factor driving growth. TML is now seeking totranslate Ace's success in foreign markets through its joint venturewith a local assembler in Thailand, the second largest market forpick-up trucks in the world. TML is also seeking to leverage itspartnership with Fiat to take the Ace to Latin America, where Fiat isan established player.
Good support from cars

While the compact car business is growing impressively, thereare some worries in the mid-size entry-level segment where the Indigoand Marina are seeing a fall in volumes. TML is now developing thesuccessor platform to the Indica and the tie-up with Fiat should be ofhelp, especially on the engines front. The joint venture will producethree engines � one diesel and two petrol � developed by Fiat and foruse by both partners.
The market is set to become more competitive with the entry of newer models, especially in segments where TML is operating.
The Indica platform will soon near the end of its life cycleand, therefore, the successor and also the so-called `Rs 1 lakh car'become important and will determine the future for the passenger carbusiness.
Dropping margins

Rising input costs of materials such as steel and energy causeda small fall in operating margins in the second quarter to 11.5 percent compared to 12.05 per cent in the same period last year. Theinability to pass on cost increases fully to the market means that thethird quarter margins may also be under pressure. Growth in earningsmay, therefore, be slower than in revenues in the third and fourthquarters.
However, TML continues to run a successful cost reductionprogramme and has been efficient in managing inventory and receivablesthus easing the pressure on margins.
Risks

A slow down in infrastructure spending which could affect CVofftake remains the biggest risk though there appears no suchpossibility in the near term. That said, the probability of the growthrate remaining above 30 per cent in the next fiscal appears low; itwill most likely moderate to more sustainable levels of around 20 percent.
For one, the base effect will begin to kick in and two, theslack caused by the overloading ban would be fully absorbed in the nextcouple of quarters.
Interest rates are an uncertain variable and if they harden further could begin to affect demand for both cars and CVs.
Input cost increases are another variable to watch out for andcould exert pressure on margins despite the effective cost reductionprogramme. The private container trains project of the Railways,flagged off last week, needs close watching; if successful, it couldtake away some of the business of long-distance road transporters.
While these are medium- to long-term risks, the near-term appears clear and investors can enter the TML stock.

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls | Google group

Buy Recommendation: Valecha Engineering - Please Read Analysis

Stock Market India — 2007-01-07T05:34:43-08:00

Valecha Engineering's strong order book, improved balance sheet andplans for diversification augur well for its earnings growth. Aninvestment can be considered in the stock with a 2-3 year perspective.At the current market price the stock trades at eight times itsexpected earnings for FY08 and is at a significant discount to peers.
Valecha is an engineering, procurement and construction (EPC)contractor for roads, piling works and airport runways. The company'sorder book of over Rs 800 crore is over four times its FY06 revenues.Road projects account for 70 per cent of the orders. While roadprojects are low-margin in nature, the company has managed to maintainits operating margins at 7-8 per cent on the back of better marginsfrom piling projects. Until 2005, the company was unable to ramp up itsorder size as its diminutive net worth acted as a constraint in biddingfor larger projects. In 2006, it managed to expand its net worth by 3.5times. The company now appears well placed to bid for larger ordersgiven its technical qualification and the improved capital adequacy.Increase in the size of orders may also pep-up operating margins. Thecompany has executed airport runways in cities such as Mumbai andChennai. With the airport privatisation activity gathering steam, thecompany appears well placed to bag similar orders from developers ofairports.
While Valecha is less diversified than bigger players such asIVRCL Infrastructures, it now plans to diversify to BOT annuity, realestate and hydropower projects through special purpose vehicles. Weexpect real estate to play an active role in revenue contribution inthe long term while the proportion of road projects may come down. Therisks to the investment stem from the fact that Valecha is a small-capstock with a market capitalisation of about Rs 140 crore and may bequite vulnerable to a corrective phase. The stock has declined by about45 per cent since May in line with market trends and concerns aboutmargin pressures on smaller construction companies. However, Valechacould contain such pressures through price escalation clauses builtinto its contracts. Moreover, the stock's decline has made valuationsmore attractive.
Add to Yahoo: stockmarketindia24 | Visit for BUY Calls

Important : To all investors if you want to profit

Leoganesh — 2007-01-06T18:19:38-08:00

Dear Friends,

May I borrow 5 minutes of your precious time to share something which my friends (3500 boarders) and I have benefitted from the last 4 months in the stock markets.

There is a forum by name TIS - www.theindianstocks.com : http://www.theindianstocks.com/forum/bb/index.php
where you get all the following for FREE if you are a registered member.

A. Daily Digest with BSE/NSE Charts.
B. Pivot Points.
C. Positional Picks.
D. Investment Picks + Multibaggers.
E. Trading hub entry + Live Chat + Live Calls + Positional + FNO calls.
F. Chance to interact with 3580 boarders .

All the above come for free and importantly I have personally benefitted from this site. I am spreading the word out. Kindly tell all your friends to join this site and let us all profit. Lets all join together and earn Rs.3000 daily for sure.

Just a snapshot of a few multibaggers in the recent past :

Jai Corp was recommended on 31st Oct at 370 levels before anyone could recommend it. Now trading @ 3364.

Have a look @ the calls given by Aryanshare in the last 3 - 4 months. You will find the entry level and the revised stops and the reason for giving the call @ this url - http://www.theindianstocks.com/forum/bb/viewtopic.php?t=2653

Jai Corp, Shree precoated steel, Asian cerc, Educomp, Tech Mahindra, Aban, RIIL, Financial Tech, Ivrcl, Divis, ZEE, Unitech, Atlanta ++++

If you are a serious day trader, then you can login into Trading Hub - Profit Room for all day trading calls :

Details on how to login into Profit room : http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594

Day Trading Calls in the last 3 sessions :

Calls on 05.01.06 -

Buy Shoba Dev in cash above 1025, Booked profit @ 1065
Short 1 lot Century Tex futures @ 750, Covered @ 738
Rel Cap bought 640 call option @ 28, Booked @ 41 - 2 lots
AIA bought @ 1330, Booked @ 1358
Buy Asian Elec @ 525, Booked @ 538.

Calls on 04.01.06 -

Holding Rel Cap. Positional Call in Futures @ 611. Target 710.
Rel Cap 640 CA @ 24 buy. Sold @ 32
Rel Cap Futures buy @ 640 sold @ 651
Titan Futures buy @ 898. Sold @ 914
Naukri buy @ 740, sold @ 769.

Calls on 03.01.06 -
Polaris Futures Positional Call given @ 155. Closed @ 190 Plus. MTM Profit of Rs 1 Lac.
Aban Futures buy @ 1720 1 lot intra day call, booked @ 1770.
Ansal Prop Buy @ 920, booked @ 940
Century Futures short @ 760, booked @ 738.

We are inviting the whole community of stock market investors to join TIS and make profit. Why do you need to pay 1000's of money to get calls ( which end up in loss ). All the above is FREE and we want each single member to PROFIT.

Kindly do us a favour by forwarding this to your friends who might be Investing in stock markets/interested to invest in stocks.

Hope to see all of you on Monday. Have a roaring Sunday.

Regards.

Capita Telepholio Strong BUY Call for Short Term

Stock Market India — 2007-01-05T06:49:22-08:00

BUY : Deepak Fertilisers & Petrochemicals at Rs 88
BSE Code : 500645
NSE Symbol: DEEPAKFERT
Face Value: Rs 10

DeepakFertilisers and Petrochemicals is India's leading manufacturer ofindustrial chemicals such as methanol, nitric acid and ammonium nitratebesides drawing around 30% of its revenues from NPK fertilisers. Thecompany's profitability will spurt once additional natural gas isavailable to it by second half of FY 2008.

Actual adjusted EPS for March 2005 : Rs 8.7
Actual adjusted EPS for March 2006 : Rs 8.0
Projected adjusted EPS for March 2007: Rs 9.2

Add to Yahoo: stockmarketindia24 | Visit for BUY Calls

Capita Telepholio Recommends Short Term BUY Call

Stock Market India — 2007-01-04T11:38:57-08:00

BUY: VST Tillers Tractors at Rs 144
BSE Code : 531266
NSE Symbol : Not listed
Face Value : Rs 10

VST enjoys a dominant market share in the tiller business.
It also commands a niche market share in the smaller HP
tractors. Government's continued emphasis on agriculture,
increasing rural incomes, growing linkages with organised
retail and good monsoon augurs well for the company's
growth prospects. The company's precision component
division is also expected to bounce back to capitalise on
the growing outsourcing opportunity from overseas customers.

Actual EPS for year ended March 2005 : Rs 10.2
Actual EPS for year ended March 2006 : Rs 12.9
Projected EPS for year ended March 2007: Rs 20.2Add to Yahoo: stockmarketindia24 | Visit for BUY Calls

Indicators are not supporting bullish trend in DJIA

Asif Ahmed Farooqui — 2006-12-31T23:28:22-08:00

Technical indicators are not supporting bullish trend in Dow Jones Industrial Average. Many technical indicators are diverging the DJIA's move negatively. Indicators are showing bearish trend building pressure on the index. It may take time to reflect in index move(bearish trend) . 20 DMA giving strong support to Index move. Investors are advice to use stop 20DMA as stop loss.

MACD is slide form over bought territory, price oscillator slipped form overbought to buy territory. ROC and RSI also giving sillier trend moving to equilibrium line. While indicators are showing weakness it may take time to reflect in actual index movement. Investors stay alert.

Posted by Asif Ahmed Farooqui analyst at Managefolio. Find this and more on our website www.managefolio.com

200 Rs Upside in Future - the company to grow revenue a at faster pace in FY09 and there after

Stock Market India — 2006-12-29T02:34:06-08:00

Great Offshore

Aggressive expansion plans amounting to $ 220 million would enable thecompany to grow revenue a at faster pace in FY09 and there after.

Great offshore is the de-merged offshore company of GE Shipping. Webelieve the stock would be one of the best play in the off shoresegment as it has second largest and most diversified Indian flaggedoff shore fleet, next only to ONGC.

Despite heavy investments planned in repairs in H2FY07, we believe thecompany would post stupendous performance in FY08 by registering arevenue growth of 33% to Rs 598 crore and net profit growth in excessof 111% to Rs 222 crore. We expect FY08 earnings to be in the range ofRs 56-60. We initiate the coverage on Great Offshore with 12 monthprice outlook of Rs 1000.

We believe GOL would fetch the premium valuation as it has the largestOSV fleets amongst Indian Companies. Further, the aggressive expansionplans amounting to $ 220 million would enable the company to growrevenue at faster pace in FY09 and there after. With strong revenuevisibility over medium term, we initiate the coverage on Great Offshorewith 12 month price outlook of Rs 1000 at which it would discount itsFY08 earnings by 17x. At this valuation, GOL compares quite well withthe existing Indian players in the offshore oilfield services.

Add me to Yahoo: stockmarketindia24 | Visit for more BUY Calls

Recommended BUY on the stock with a target price of Rs 162 providing an upside of 42.2%

Stock Market India — 2006-12-29T02:24:07-08:00

Indraprastha Gas

We believe that low business risk and growth prospects of the companywill drive valuations for the stock and hence we recommend a BUY on thestock with a target price of Rs 162.

Indraprastha Gas (IGL) was setup in 1998 to supply CNG and PNG in thecity of Delhi. Since then all DTC buses, taxis and auto rickshawsrunning on the street of Delhi have been converted to CNG and around40,000 households have been connected with PNG. Going ahead withincreased conversions of private vehicles and disallowance ofregistration of new diesel run LGVs (only CNG run LGVs to beregistered) will drive growth for CNG. In the PNG segment thepenetration is only at 4% and with real estate growth in Delhi PNGrevenues are expected to clock a CAGR of 51.9%.

Operating margins are expected to sustain over the current levels ofabove 40%. The company is also in initial stages of setting up city gasdistribution infrastructure in the NCR region which are expected tocontribute to revenue in FY09. These factors will drive CAGR of 17.3%and 21.4% in revenues and PAT respectively. We believe that lowbusiness risk and growth prospects of the company will drive valuationsfor the stock and hence we recommend a BUY on the stock with a targetprice of Rs 162 providing an upside of 42.2%.

Do look inside if you are into stock markets

Leoganesh — 2006-12-28T16:59:40-08:00

Calls given in the trading hub of www.theindianstocks.com. Registration closes on Sunday 31.12.2006.

Calls - 28.12.06

AIA buy above 1314. Exited @ 1344.
Tech Mahindra Buy above 1630. Exited @ 1678 - 1685 - 1695 - 1715 ( 25 % on every level mentioned )
Voltamp buy @ 675, exited @ 684
EKC buy above 660, exited @ 682
TVS Motors 1 lot buy @ 85, sold @ 88. 1 lot 2950 shares.

Calls - 27.12.06

Atlanta buy above 1014 was the call. Exited @ 1050. Stock hit 1068 and closed @ lower circuit.
MM, Telco both buy calls given for Jan Futures rocking.
Divis Futures buy call positional given @ 2400 few weeks ago, hit the 3000 mark today.

Calls - 26.12.06

Nifty buy above 3886 for 45 points rally. 1 lot. Rs 4500.
Polaris Futures buy @ 165. Sold @ 169. 1 lot Rs 11, 200.
Abb Futures buy @ 3570, sold @ 3620 1 lot Rs 5000
Bharti Tele Fut buy @ 609, sold @ 618. Rs 9000.

Lot of new features are going to be added to the website. Visit and register now for free @ http://www.theindianstocks.com/forum/bb/index.php

Good Luck

Best Bet: CMP Rs 29, Target 45-50 in 12 to 15 months

Stock Market India — 2006-12-28T09:40:31-08:00

Vinay Cements (Code:518051) Rs.29
Incorporated in 1986, Vinay Cements Ltd. (VCL) is the flagship company of the BK Bowri group, which is a leading cement manufacturer in North East India. In fact, it is among the top three players in the region since inception. Its brand name 'Vinay' is the largest local cement brand with a market-share of 8% in the region. Importantly, VCL has its own captive mines for cement grade limestones. Since, the company has an installed capacity of only 2,40,000 TPA, it enjoys the status of mini-cement plant with exemption from payment of excise duty. Interestingly, the north eastern market doesn't have many cement plants and most of the demand is met by importing cement from other nearby states like U.P., MP, Bihar or Orissa.

Add me to Yahoo: stockmarketindia24 | Visit me for more buy calls

Vinay Cements more details -

VCL's manufacturing facility is the first Fuller Technology based plant incorporating state-of-the-art process control systems for manufacturing both Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC). In FY06, it produced little more than 1 lakh tonnes against an installed capacity of 2.40 lakh tonnes translating into capacity utlization of less than 50%. This means that it has the potential to double its sales without any major capital expenditure. Secondly, the company along with others has promoted a new company called Calcom Cement India Ltd to set up a greenfield cement project of 1.5 million TPA at Chachar in Assam at an investment of about Rs.414 cr. And VCL being a promoter company holds around 59 lakh equity shares of Calcom at an investment of Rs.6 cr. and has also provided corporate guarantee to some extent. This project in itself will be a state-of-the-art cement plant and the biggest cement plant in the North-East and is expected to commence operation by mid-2007.
Due to higher price realisation and better capacity utilisation, VCL is performing extremely well and has reported stunning numbers for H1FY07. However, the major part of the PAT is contributed by other income which it earns as incentives, royalties etc. Notably, the company has paid off all its loans and is currently a 100% debt-free company although it has cash-credit facility with UTI Bank. With huge reserves of Rs.23 cr., the book value of its share stands at Rs.33. For FY07, it is estimated to report a turnover of Rs.55 cr. with net profit of Rs.5.50 cr. leading to an EPS of Rs.6 on its equity of Rs.10 cr. Its long-term prospects are very encouraging along with the hidden value in Calcom Cement.
However the other income aspect, huge debtor outstanding of Rs.16 cr. and contingent liability to the tune of Rs.25 cr. is a cause of concern. Investors can buy it at dips with a price target of Rs.45-50 in 12-15 months.

Hidden Gems by Ashish Chugh - Dec 26

Stock Market India — 2006-12-28T09:40:13-08:00

Amco India Ltd.

CMP - Rs. 24 BSE Code -530133

AmcoIndia Ltd. (Amco) was incorporated in the year 1987 as Amco Vinyl Pvt.Ltd. and later changed its name to reflect the other product areas thatthe company ventured into.

The company started its businessactivities by setting up a plant for the manufacturing of PVC films andsheeting at Noida. The project was financed by PICUP & UPFC. Later,the company set up another unit for the manufacture of PVC Flooring.

Thereafter,in 1996, the company decided to get into manufacturing of Aluminum Foilby Cold Rolling Process. The company today has four units - two locatedat Noida in close proximity to each other, one at Bhiwadi (Rajasthan)and the latest units coming up at Baddi (Himachal Pradesh). The unit atBaddi enjoys several tax benefits is is expected to go on stream soon.The company currently has manufacturing operations in three states -U.P, Rajasthan and Himachal Pradesh.

In the Aluminium Foilbusiness, the company caters to the Pharmaceutical, Automobile andPackaging industry. The company claims to have a market share of around7.5% to 10% in the business. In the PVC Films and Sheeting business,the company has executed orders for Automobile & Luggage industry.The company sees potential of the product in various applicationsincluding Electric Tape industry, Luggage, Automobile and Stationery.However, the inputs for the business being linked to Petroleum prices,any increase in Oil prices will adversely effect the business.

Thecompany is continuously carrying out new product and applicationdevelopments/ innovations. The company has developed Surgical Films forPharma industry and Laminated Sheets which have applications in theAdvertising industry. The company has also developed printed rollswhich are fixed on Glass to give them better look (Like Frosted Glass,Printed Glass).

Financials

The company has an EquityCapital of Rs.4.11 crores with the promoters holding 63%. For the year05-06, the company achieved a Net Sales of Rs.90.34 crores and a PAT ofRs.1.36 crores leading to an EPS of Rs.3.31. The company paid adividend of 10%.

Conclusion

Amco India Ltd. has set up anew plant at Baddi to manufacture Flexible Laminated Foils which isexpected to go on stream shortly. The plant being set up in an areaenjoying several tax and excise benefits is expected to addsubstantially to the Topline and Bottomline of the company. The planthas been set up out of internal accruals and debt financing, withoutany equity dilutions. The company has a market cap of Rs.10 crores andLong Term Debt of roughly Rs.3.70 crores. (excluding working CapitalFinance). In the year 05-06, the company achieved a PAT of Rs.1.36crores leading to an EPS of Rs.3.31. The stock therefore trades at a PEof 7. The earnings in the year 07-08 are expected to take a substantialleap owing to the full benefits of the Baddi plant. The company withmanufacturing operations at 4 locations, with Sales with Revenues fromManufacturing Sales many times over its market cap available at anenterprise value of Rs.13.70 crores and at a PE of 7 looks undervalued.

Long term investors can accumulate the stock at the current levels and on declines.

Add Yahoo ID: stockmarketindia24 | Visit us for more BUY Calls

Newsletter calls by Midcap - Short Term targets

Stock Market India — 2006-12-28T09:40:03-08:00

Newsletter dated 17/12/2006 by midcaps
S.No. Scrips BSE Code Recommended Rate Target Rate.
1 Ahlcon Parenterals 524448 56.75 71
2 Mysore Cements 500292 62.1 78
3 Varun Shipping 500465 65.7 83

4 California Software 532386 67.65 85
5 Alps Industries 530715 72.05 91

investing cal

vijikumari — 2006-12-27T21:26:56-08:00

sir,

please send undervalue stock to investing purose.

Best Bets by Money Times: The scrip can easily double in 15-18 months

Stock Market India — 2006-12-26T01:46:42-08:00

Choksi Laboratories Ltd. (Code:526546) Rs.19

Incorporated in 1993, Choksi Laboratories Ltd. (CLL) is a group of research laboratories offering analysis, calibration, pollution control, research and consultancy services to a broad spectrum of industries. In short, it's a commercial testing and analysis laboratory. It was the first to start water and soil analysis in central India and also the first to start instrument calibration services for organizations that were seeking ISO certification. In fact, it was the only one to commission and run ONGC's Effluent Treatment Plant at Amod oil rig probably the largest in India. Today, CLL boasts of serving over one thousand customers, both regional and international and analyzing over 1000 different products. Of late, the company has entered clinical trial research in a big way.
CLL's labs/branches are located at Chandigadh, Indore, Vadodara, Delhi, Ahmedabad & Vapi and are equipped with ultra modern, sophisticated and very hi-tech equipments imported from various parts of the world. Recently, it commenced a 40-bed clinical research facility at Vapi for carrying out bio-availability and bio-equivalence studies. Notably, CLL is certified by BIS, FDA, Gujarat and Madhya Pradesh PCBs, Department of Health (MP), AGMARK - GOI and several other regulatory bodies. It has also been accredited to NABL, which is internationally recognized through ILAC and is based on ISO/ IEC guidelines. The company has facilities to analyze food & agricultural products, cement & building materials, chemicals, drugs, metals, oil, soil, PVC pipes & paints etc for its client or as a regulatory requirement. It also helps different industries in their research processes. Its Environment Consultancy Division helps companies keep the environment clean and free from pollution. Apart from calibrating services for individual instruments, CLL provides a comprehensive Annual Calibration Contract (ACC) that covers maintenance of calibration due-date charts and on-site/ laboratory schedules etc. Moreover, it offers consultancy services for solid waste management, sewage treatment plants, hotel and hospital waste management, hazardous waste management etc.
Fundamentally, it hasn't shown great performance yet but the potential is huge and the future looks very promising. For FY06, its sales improved by 15% to Rs.7.60 cr. and net profit dropped by 10% to Rs.0.81 cr. on the back of higher interest cost and depreciation. For the first six months ending 30th Sept.'06, total revenue grew by nearly 20% to Rs.4.70 cr. but profit increased by only 10% to Rs.0.65 cr. However, the company enjoys an operating profit margin (OPM) of over 35% and net profit margin (NPM) of more than 10% and at the current market cap of Rs.10 cr., it can turn out to be a multi-bagger if held for 2-3 years. For FY07, it is expected to report a total revenue of around Rs.10 cr. with PAT of Rs.1.30 cr. This translates into EPS of Rs.3 on its equity of Rs.4.85 cr. At CMP of Rs.18, the scrip is discounts its FY07 earnings by merely 6 times, which is very cheap for such a niche player. With a 52-week high/low as Rs.45/Rs.13, the downside to this stock is minimal whereas on the upside, the scrip can easily double in 15-18 months. Strong buying recommended for long-term investors only.

Add me to Yahoo: stockmarketindia24 | Visit me for more buy calls

BUY Calls Suggested by 10Paisa

Stock Market India — 2006-12-26T00:57:36-08:00

Newsletter dated 17/12/2006 by 10paisa
S.No. Scrips BSE Code Recommended Rate Target Rate.
1 Valiant Communications 526775 32.2 41
2 Rohit Ferro Tech 532731 33.7 43
3 Visesh Infotechnics 532411 36.6 46

4 Kovai Medical Center 523323 49.9 63
5 Mid-Day Multimedia 532416 50.35 63

Karvy Technical Picks for this upcoming week

Stock Market India — 2006-12-24T11:54:13-08:00

Unitech (CMP: 455.65)
The stock had been witnessing huge profit taking in the recent past as it had been hammered from the highs of 540 levels. However, the stock found support lately around the 50-day EMA levels of 400. The last session witnessed a brief rally accompanied with increasing volumes. The leading indicators such as 14-day RSI has also generated a strong buy signal coupled by the money flow index. This trend reversal in the stock could guide it back to its all time high levels of 540 with mild hiccups around 500-515 levels. Investors may buy the stock from the current levels for short term targets of 520 and 560 levels with a stop loss below 425 levels.

SAIL (CMP: 82.20)
This stock was in consolidation mode it declined from the highs. The fall has been in sync with the market decline after which it has bounced back from its support level of 80. The 30-day and 50-day EMA are placed around the 85 levels and the 100-day EMA is placed around the 80 levels. The 14-day RSI line has reverted from the oversold territory indicating turnaround. The stock seems to be heading towards its all time high of around the 95 levels. Investors may assume long positions in the stock from current levels for an upside targets of 95 and 110 levels for a medium term perspective. The stop loss for the same has to be maintained below the 78 levels.

Capita Telepholio Short Term BUY Call shared for you

Stock Market India — 2006-12-24T11:43:20-08:00

BUY : Kirloskar Oil Engines at Rs 268
BSE Code : 500243
NSE Symbol: KIRLOSOIL
Face Value: Rs 2

The company is all set to capitalize on the buoyant demand arising from
its user industries like agriculture, industrial, mining, material
handling and automobiles sectors

Actual EPS for March 2005 : Rs 9.0
Actual EPS for March 2006 : Rs 12.5
Projected EPS for March 2007 : Rs 18.0

Tech Mahindra

Leoganesh — 2006-12-22T18:28:31-08:00

Dear Friends,

We gave a call to everyone - Buy Tech Mahindra at Market Opening.

Our boarders got in @ 1550 and exited @ 1725.

Everyone was asked to buy 500 shares and the average buy quantity was 200 shares.

So every member @ TIS - Profit room made a minimum of Rs. 35,000 by 10:15 AM.

All were asked to go and sleep and enjoy their long weekend.

Santa came early to TIS and gave us this present.

This happens only at http://www.theindianstocks.com/forum/bb/index.php

Please have a look at this link : http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594 and I bet you will surely register with us.

REGISTRATION IS FREE and closes on 31.12.06.

- TECH MAHINDRA -

POSITION a/c - We recommended Tech Mahindra to all Positional/Short term traders.

Date Company Buy Revised Action
Stop today

16-Oct Tech Mahindra 692 - hold long Q2 results

Look at the price today and see the returns. If you are a Daytrader, Short term/Positional holder ( 5- 30 days ) or a Long term investor then TIS is the place to be else you are seriously Missing something BIG.

Good Luck.

Stocks Update: Buy; CMP: Rs547; Price target: Rs634

Stocks Investor — 2006-12-22T04:42:39-08:00

Marico Apple Green
Stock Update: De-coding Egyptian market
Buy; CMP: Rs547; Price target: Rs634

Market cap: Rs3,188 cr
52 week high/low: Rs586/330
NSE volume: 19,597
(No of shares)
BSE code: 531642
NSE code: MARICO
Sharekhan code: MARICO
Free float: 1.9 cr
(No of shares)

Key points
1) Marico has entered into a strategic alliance with Cairo-based Pyramids Group for
the latter's Rs40-crore hair care brand, Hair Code. The Hair Code range includes
hair creams, hair gels and gel creams. The brand has a market share of about
23% in the Rs170-crore pre- and post-wash hair care market in Egypt.

2) With the acquisition of Hair Code, Marico will now have a dominant share (of
about 50%) of the hair care market. It already has a strong presence in this
market, thanks to its earlier acquisition of Fianc�e.

3) A back-of-the-envelope calculation shows that this deal will be earnings accretive,
as it will add Rs0.1 or 0.6% to Marico's FY2007E earnings per share (EPS) and
Rs0.5 or 2.2% to its FY2008E EPS.

4) The stock is also trading at a price/earnings ratio (PER) of 21.8x FY2008E and
enterprise value (EV)/earnings before interest, depreciation, tax and amortisation
(EBIDTA) of 12.3x FY2008E. We continue to remain bullish on Marico and reiterate
a Buy on the stock with a price target of Rs634.

Capita Telepholio Suggests Good BUY Call

Stocks Investor — 2006-12-21T09:08:24-08:00

BUY : Larsen & Toubro at Rs 1409
BSE Code : 500510
NSE Symbol : LT
Face Value : Rs 2

Larsen & Toubro's operational growth is set to accelerate going forward
as many of its large and more profitable engineering projects get
executed. Power boilers, defence, ship building, dredging, realestate
development and exports are set to open up large growth opportunities for the
company in the long-run. The company's investments in the L&T Infotech
and many infrastructure subsidiaries also hold large potential value

Actual EPS for year ended March 2005 : Rs 22.5
Actual EPS for year ended March 2006 : Rs 30.8
Projected EPS for year ended March 2007 : Rs 40.0

Recommendation from Dalaal Street: Tech Mahindra

Stocks Investor — 2006-12-21T09:05:34-08:00

Tech Mahindra Face Value - Rs10 Buy Rs 1492

Ticker: 532755 Equity: Rs 115.90crore H/L: Rs1492/521

Tech Mahindra, which came out with an IPO during the month of Augusthas flared up significantly since the listing. In fact, if readers canrecollect Flash News had recommended the investors to go for it at ahigher price of Rs 365. Recently the company has announced the signingof a five-year deal to provide BT (British Telecom) with strategicsourcing services. This contract is expected to create new revenue forthe company in excess of US$1 Billion over this period. Havingwitnessed huge appreciation, we are still bullish on this counter owingto the buoyancy in the telecom segment. Investors holding this countercan still continue to hold, while investors who have missed the bus canstill enter from the long-term horizon of next six to eight quarterspreferably below Rs 1300

Tech Mahindra (formerly known as Mahindra-British Telecom), is a globalleader keen on providing end-to-end IT services and solutions for thetelecom industry. It has engaged over 15000 professionals and hasservice clients across various telecom segments present at multipleoffshore development centers across seven cities in India and UK, alongwith 13 sales offices across Americas, Europe and Asia-Pacific. So,being a leading player in the telecom space, we expect the company tocontinue with its strong business momentum going forward for the nextfew years

The company during its first half of the current fiscal has reported atop line growth of 145 per cent to Rs 1194 crore (Rs 456 crore), whileits bottom line grew by almost 300 per cent to Rs 275 crore (Rs 69crore), along with considerable expansion in its operating as well asnet margins

2007 - The Year Ahead

Leoganesh — 2006-12-20T18:06:19-08:00

Dear Friends..

This email has been sent by Aryanshare from www.theindianstocks.com.
He can be contacted at aryanshare.theindianstocks.com@gmail.com
His Yahoo nick is : aryanshare_theindianstockscom
He is posting his calls at http://www.theindianstocks.com/forum/bb/index.php daily.

It costs nothing to register with TIS. 10 days to go and free registration closes on 31.12.2006. You would miss getting :

A. Daily Digest with Charts.
B. Pivot Points.
C. Positional Picks.
D. Investment Picks.
E. Trading hub entry + Live Chat + Live Calls + Positional + FNO calls.
F. Chance to interact with 2930 boarders .

Kindly do circulate and pass this on to your friends. Kindly though quote the source.

www.theindianstocks.com

2007 - the year ahead.- The year of the Gold and Bond Trader Currency moves are long sweeping moves,not short-term investments and those hedgies are buying India/ China / Brazil / horses etc etc to protect themselves from a falling dollar... and to add a hedge to reduce the overall risk of investment portfolios . All the wrong reasons .Hedge funds are wandering dark stars waiting to cause a financial panic with their leverage. Not to mention the derivatives death star. Dollar weakness does not augur well for equities anywhere in the long term. And now that the euro has left the porch to chase down the dollar. all the other dogs can join the chase, too.And some may be faster than the euro. Expect risk appetite to now revert to risk aversion.

In the past week, we hear that no less than President Bush, Cheney,Bernanke, Paulson- all have been dispatched to high level talks overseas. It looks as if the US is in a panic mode. First, Paulson and Bernanke were in China, and we can guess the nature of that visit- To stabilize the USD, and even perhaps discuss an orderly unwinding of the USD. China has laid out groundwork for an eventual sway away from the USD, and clearly if Bernanke and Paulson were over there , there must be smoke somewhere. Even more so after Bush got off the phone to President Hu of China re. the US - China trade imbalance and even deeper concerns of whether the Chinese along with the Japs will pull out of US treasuries to move deeper into gold. Ben can't print more currency to bridge that yawning deficit gap and at 5% and a weak dollar, US bonds ain't attractive any more.are disappearing. And, there is not a lot the Fed can do about this. Ultimately, US interest rates would have to rise to keep investors in it, but the Fed cannot even think of raising on their own. Ergo, the bond market will bid up rates on its own.

The trouble is, that will kill the US consumer-.Things do not look good for the USD going into 07.If gold and commodity prices do what we expect them to do over the next 3 months then inflation expectations will ramp upward and the Fed will be forced to resume its rate-hiking early next year. It will be a self-reinforcing trend, with a rising gold price pushing inflation expectations upward and higher inflation expectations fueling a rise in the gold price. Go with Gold. We wrote that piece on 29th Nov 2007 and right after markets across the globe went into a tailspin courtesy the hedgies. First ,there was profit taking ahead of Ben speak on the 12th , followed by the Thai central bank debacle and volte face. While some markets have rallied back to hit 6 year highs, we are still in the middle of a slug fest between the bulls and bears in our markets even as I write this.

Both Ben and Fukai chose to adopt a wait and watch attitude, revealing nothing and singing pretty much the same old tune on inflation ,growth and soft landing. Most investors may be totally asleep when it comes to the dangers of a falling dollar, but there appears to be a buzz of activity inside the Federal Reserve and the Treasury Department . The accumulation of debt in the United States cannot continue much longer. In the last century the ratio of debt to GDP hovered between 120% and 160%. In 1929 debt rose to 260%. Now the ratio of debt to GDP is at a mad 300% and has been growing over the past year. Something has to give.That the dollar will reamin weak through 2007 apperas to be consensus now.When bond markets failed to give ground in spite of raising short term rates like never before, it was the signal of 2007 recession and the dollar finally weakened..

The markets now will have to readjust to the fact that US consumers not only will restrain the apathy for goods and services, they will lso look for domestic US products. The housing and auto sector is leading the recession. Make no mistake ,I am not advocating a gloom and doom theory . There is always a bull market somewhere in the economy. It could be junk bonds, real estate, a particular currency, tech stocks, foreign markets, land, blue chips, or small caps. As of today we are in a bull market in gold and commodities. Oil and gas are at all-time highs while metals such as silver are up more than 25% in 2004. The thing about currencies is when they get in a trend they tend to stay in that trend. A slowing economy and falling interest rates will bring with them a resumption of the dollar bear market.As of now world stock markets have positive momentum. It will take a month or so to realize that the fundamentals are not there to stay at these lofty levels.

So where do the Indian markets go from here ? Global credit rating agency Standard & Poor's has indicated that Indian stock markets are overvalued currently, recommending underweighing of the markets next year.Besides India, S&P Equity Research is also recommending underweighing of Japanese markets, while verweighing South Korea, Taiwan and China (H-shares) next year. In general, the global credit rating agency in a report said the New Year would bring more risks and volatility for investors in India and other markets of the Asia Pacific. The risks would be caused by higher financing costs, accentuated corporate borrowing and higher M&As activity, despite the general trend remaining strong, the report titled 'Asia Pacific Markets Outlook 2007'.

If history and Mr. Elliot are to be trusted then we must surpass previous peaks albeit on walls of panic and fear. The last few days of Dec should bring that in plenty ahead of a rally into the new year..The final burst of euphoria will and should leave chartists and Technical traders bewildered and clutching at the wind .We had a false 4t h wave ( Mr Elliot to perfection again) which was without any participation or frenzy and one almost sensed d�j� vu amongst investors as the indices reached 14k. Ergo 14k was a psychological level and it had to fall (more brutal and quicker than I had anticipated). And .. so it did correcting 38% of its rise. On Friday the Sensex closed above the 61.8% retracement mark of 13644 and that was the first sign that wave 5 has started. From here on , Elliots 5th wave takes over with a target of 15550 but wave 5 is normally termed the mad wave so it could extend 16 or 18K-who knows how much madness can take over ? Time wise, we would look at the wave extension till Feb/ March '07 which coincides with the budget. Wave 5 always ends the bull cycle.

Volatility and whipsaws will dominate - have no second thoughts about that. The markets will only be dominated by institutional players and retail will be left nibbling at the small - mid cap names. Weaker hands will bail out at every corrective swing and 1-3% fluctuations will be par for the courseAs a retail investor you can play it 2 ways \- get into the quality names and hold . I repeat HOLD - not Trade till targets are met . When you have had enough exit and take that long dreamt -of- cruise on QE 2 .

Alternatively look at buying bonds and gold as equity markets reach feverish pitch. Zinc is another favourite but not too many retail investor play commodities , so go with Hindustan Zinc instead. We recommended it at 330 in April 06 and continue to stay with it even as we enter 07. A neat alternative could be Aditya Birla Nuvo.So while we maintain that Elliot will create frenzies which could extend till the 1st quarter of 2007, we are not so sanguine about the rest of the year not withstanding whatever financial engineering Mr. Chidambaram might come up with in his budget. Creative accounting was the nemesis for Enron you might do well to recall.

Stocks for the year. I remain focused on

Utilities - Tata Power/ Reliance Energy/ NTPC
Oil & Gas - ONGC/ Gail/ Aban Llyod Chile
Pharma - Divis Labs/ Dr.Reddys / Aurobindo Pharma
Property - BF Utilities / Mahindra Gesco
Metals- Hindustan Zinc/ Tisco/ Aditya Birla Nuovo
Contrarian plays - Sugar / Airlines/Shipping
Select mid caps - Asian Electronics / Sasken Communications/ Alstom
Projects/EKC/ Lumax Industries/ IDFC
Autos,Tech and banking will be underperformers.
South based Cement stocks should outperform.

www.theindianstocks.com

The share is likely to cross the Rs.450 mark, which would translate into a gain of 32%

Stock Market India — 2006-12-19T01:05:36-08:00

EsabIndia Ltd. (ESABIL) (Code: 500133) (Rs.365) is recommended for steady appreciation in the medium-to-long term.ESABIL is an affiliate of ESAB which is a global leader in the production ofcutting systems for more than 60 years. Its product range includes oxy fuel,plasma, laser and water jet, which can be tailored to meet individual customerneeds. ESABIL is a part of the Charter PLC Group which has over 280subsidiaries and affiliates. The principal shareholder, Esab Holdings Ltd., isan unlisted company incorporated in England& Wales and holds 37.3 %equity in Esab India.
ESABILwas incorporated in 1987 by acquiring the welding business of Peico Electronics& Electricals Ltd. (now Philips India Ltd.). It continued its expansion inthe Indian market with the purchase of welding business of Indian Oxygen Ltd.in 1991 and Flotech Welding & Cutting Systems Ltd. in 1992 followed by themerger of Maharashtra Weldaids Ltd. in 1994. During 2004-05, the companylaunched a project for commissioning a new manufacturing facility atIrungattukottai near Chennai to manufacture welding and cutting equipments.
Today,ESABIL is one of the leading suppliers of welding and cutting products, whichare an integral part of industries like shipbuilding, petrochemicals,construction, transport, offshore, energy and repairs & maintenance.ESABIL's initiative on Total Quality Management resulted in it being awardedISO 9000 and ISO 14000 certifications for four of its principal manufacturingfacilities located at Kolkata, Chennai and Nagpur.
ESABILhas a wide and comprehensive range of welding, cutting and allied products andservices, which cover welding consumables, reclamation consumables, arcequipments, industrial gas equipments, cutting machines and working environmentproducts for your specialised welding, cutting and allied needs.
Italso markets the latest generation of welding consumables, equipments andcutting machines from other group companies located overseas and thereby actsas a single source for meeting all the welding needs of the industry. It alsomanufactures and markets medical gas equipment.
DuringCY05, ESABIL earned 60% higher net profit of Rs.36.5 cr. on 27% increased salesof Rs.238 cr. and its EPS was Rs.20. Since, the company earned other income ofRs.4.5 cr. as profit on leasehold sales, it paid higher dividend of 260%.During Q3CY06, it earned 22% higher net profit of Rs.13.2 cr. on 26% highersales of Rs.81 cr. For the first three quarters of CY06, its net profit hasgone up by 21% to Rs.32.6 cr.
ESABILdirectly exports welding consumables and welding & cutting equipments to Nepal, Bangladeshand Sri Lanka.It also exports its to Africa, Middle-East, Asia Pacific, Europe and USA through group companies in Sweden, Singaporeand Dubai.During CY05, ESABIL's exports amounted to Rs.10 cr.
ESABIl'sequity capital is Rs.15.4 cr. and with reserves of Rs.18.8 cr., the book valueof its share works out to Rs.22.2. The value of its gross block is Rs.79 cr.and its debt equity ratio was 0.33:1 as on 31st December 2005.
EsabHoldings, the promoter group, holds 37.3% in its equity capital, domesticmutual funds hold 14.4%, FIIs hold 5.8% leaving 42.5% with the investingpublic.
Theindustrial growth being witnessed in the country has led to a robustperformance of steel intensive sectors such as infrastructure, automobiles,fabrication, etc. They are the major user of industries welding electrodes,which has kept its demand buoyant leading to a sustained rise in production.The Index of Industrial Production (IIP) for capital goods and themanufacturing sector has shown impressive growth rates in the recent past,signalling strong demand for welding electrodes.
In India, themanufacturing and infrastructure industries are keen on improving their globalcompetitiveness on one side and scaling up their capabilities to move up thevalue chain on the other. Switching over to continuous welding processes forsome fabrication jobs can help the domestic capital goods sector. This trendhas already attained significant scale in the transportation, gas & oil andfabrication of structures and towers. As a result, the domestic organisedplayers were able to wrest market share from the unorganized sector.
Basedon the performance of the first three quarters of the current year, ESABIL isall set to post a net profit of Rs.45 cr., which would give an EPS of Rs.30.Going forward, given the robust demand for ESABIL's products, its EPS could goup to Rs.35 in CY07. Its share is currently traded at Rs.341 discounting itsestimated CY06 EPS of Rs.30 by 11.4 times. Being a MNC, the scrip deservesbetter price to earning discounting and with a reasonable P/E of 15, the share is likely to cross the Rs.450mark, which would translate into a gain of 32%. The 52-week high/low of theshare has been Rs.553/237.

Investment in this share is likely to appreciate by more than 50% in 6-9 months

Stock Market India — 2006-12-19T01:04:58-08:00

VSTTillers Tractors Ltd. (VSTTTL) (Code: 531266) (Rs.119.75) is recommended for decent gains in the medium-to-longterm as it has recently produced robust H1FY07 results, which went unnoticed bymarketmen. Knowledgeable sources aver that VSTTTL is sitting on a hugeunutilized land at Bangaloreand the counter is likely to witness robust activities in coming days and somepunters and HNIs have started accumulating large chunks of VSTTTL.
Incorporatedin the late 1960s, VSTTTL was promoted as a joint venture by V. T. Velu and V.T. Krishnamoorthy with Mitsubishi Heavy Industries and manufactures powertillers, tractors and diesel engines.
Thesale of Power Tillers increased by to 8489 units as against the previous yearsales of 7625 units. With respect to Tractors, the company sold 1249 units �33% more against 933 units. This improvement in sales has been achieved in linewith the overall increase in demand complemented by better government supportprices for crops, opening new markets, normal monsoons and availability offinance to farmers.
During FY06, VSTTTL earned 269% higher net profit of Rs.7.4cr. on 18% increased sales of Rs.130 cr. During Q2FY07, sales have gone up by40% to Rs.35 cr. whereas net profit shot up by a whopping 184% to Rs.1.9 cr. Inthe H1FY07, while sales have advanced by 32% to Rs.57 cr., net profit jumped by91% to Rs.5 cr.
To benefit the logistical advantages VSTTTL had set up apower tiller assembly plant a Hosur in 2003. It also set up an export-orientedunit, in joint venture with Kinsho Mataichi, Japan,under the name of VST precision components.
VSTTTL is in sound financial health. Against tiny equitycapital of Rs.5.8 cr., the reserves are Rs.41 cr., which gives the book valueof the share of Rs.81 making it a bonus candidate. The value of gross block isa whopping Rs.50 cr. With borrowings of just Rs.4.3 cr., the debt-equity ratioworks out to 0.1: 1.
The promoters hold 55.6% in the equity capital. MitsubishiHeavy Industries holds 3%. The share of non-promoter corporate holding of 9%leaves 32.4% with the investing public.
During FY06, the Indian economy witnessed a GDP growth rateof 8% with agriculture contributing around 2.4% and is estimated to grow to3.2%. The central and state governments continue to give priority toagriculture through various subsidy schemes. This apart, banks have promotedfarm mechanization by providing timely finance which has generated good demandfor power tillers and VSTTTL continues to maintain its lead in the power tillerindustry in Indiaby delivering a superior value product.
The performance is even more satisfying when viewed in thelight of the competitive pressure from low cost Chinese brand power tillers. Inthe domestic tractor segment, the industry as a whole grew to 262000 unitsduring 2005-2006 from 226000 units in the previous year. VSTTTL commands aniche market share in Maharashtra and Gujaratin the smaller HP tractors and sales in this segment are expected to grow inthe coming years. To cater to newer markets, the manufacturing capacities andaesthetics for tractors are being upgraded that will lead to higher revenuestreams for the current year.
The growth of the power tiller and tractor industry isdirectly linked to the GDP growth of the Indian economy. In FY07, the GDPgrowth is expected to be around 9% making it one of the fastest growing largeeconomies in the world. Easier and cheaper credit availability to farmers andawareness of the benefits from mechanization provided opportunities for highersales and optimum utilization of capacities.
The government's policy on agriculture and the introductionof the Bharat Nirman Programme for creating massive rural infrastructure willdirectly benefit demand for VSTTTL products. Several importers realizing thebusiness potential for power tillers have commenced imports to quicklycapitalize on this front. These tillers are low cost units and qualify undersubsidy schemes that could intensify competition thereby affecting demand inthe future.
The demand for VSTTTL's tractor has started on a buoyant noteespecially in Maharashtra and Gujarat. Withhigher volumes being planned, new markets for low HP tractor are in the processof being established.
If the half-year trend is anything to go by, VSTTTL is allset to clock an EPS of Rs.21, which could further go up to Rs.25 in FY08.Further the foreign collaborators had earlier shown interest to hike itsholding in VSTTTL. If the same decision revives in the future, the share priceis expected to attain dizzy height.
Anylikely news on the surplus land development/sell may fuel the rally further.The shares are traded at a forward P/E of 6 on FY07 earnings and 5 on FY08earnings as against the industry average P/E of 22.5. Investment in this share is likely to appreciate by more than 50% in6-9 months. The 52-week high/low of the share has been Rs.138/65.

Investment in this share is likely to fetch a decent appreciation of more than 40% in one year and over 60% in one-and-half years

Stock Market India — 2006-12-19T01:04:12-08:00

State-owneddiversified Balmer Lawrie & Co. Ltd. (BLCL) (Code:523319) (Rs.392) isfaring well it was established in 1867 by two Scotsmen, George Stephen Balmerand Alexander Lawrie in Kolkata and became a private limited company in 1924and public limited in 1936. In 1972, it became a subsidiary of Indo BurmaPetroleum Co. Ltd. i.e. IBP Co., a government company. By a scheme ofarrangement, IBP transferred its entire holding of 62% to Balmer LawrieInvestments in Oct.'01.
BLCLmanufactures industrial packaging, barrels and drums, LPG cylinders, greasesand lubricants, leather chemicals, functional additives and marine freightcontainers. It undertakes tea exports and trading, travel, tours, and cargo andengineering services.
Itleverages its century-old expertise with a modern infrastructure base toprovide logistics solutions to its clients. Its infrastructure includescontainer freight stations in Chennai (40,000 sq. mt), Kolkata (37,000 sq. mt.)and Mumbai (80,000 sq. mt.) with covered warehouses and critical equipments.
DuringFY06, BLCL posted 23% increased sales of Rs.1233 cr. and earned 105% higher netprofit of Rs.58 cr. Its EPS was Rs.34.4 and it paid a dividend of 90%. ForQ2FY07, net profit advanced by 41% at Rs.19 cr. on marginally higher sales ofRs.318 cr. The H1FY07 results reflect a rise of 47% in net profit of Rs.37 cr.on flat sales of Rs.630 cr.
BLCL'sequity capital is Rs.16.3 cr. and with reserves of Rs.210 cr., the book valueof the share works out to Rs.139 and the value of its gross block is a whoppingRs.279 cr. and with borrowings of Rs.37 cr. its debt-equity ratio was just0.16:1 as on 31st March'06.
TheCentral Government holds 62% in its equity capital through Balmer LawrieInvestments. Banks/Mutual Funds and Institutions hold 19.7%, PCBs hold 4.6%leaving 13.7% with the investing public.
BLCL'sRs.24 cr. expansion programme, which envisages setting up of a steel barrelplant at Asaoti in Haryana and expansion of its container freight station (CFS)in Chennai is presently under implementation. The Chennai CFS is being expandedat a cost of Rs.12 cr. with an additional 7 acres adjacent to it, which isbeing developed to allow storage/handling of larger number of containers andwill generate revenue in the present fiscal itself.
Itis the largest manufacturer of mild steel (MS) barrels and drums in India with amarket share of about 60%. It is looking at the retail automotive market toturn up the sliding fortunes of its lubes business and is considering freshtie-ups to tap the export market for speciality lubricants and targets 30% to40% annual growth in automotive lubes over the next two to three years.
BLCLplans to invest between Rs.200 cr. to Rs.300 cr. for organic and inorganicgrowth including acquisitions in tourism and logistics.
Withthe increasing share of the services sector in the GDP of the country, BLCL'sservice businesses, viz, travel & tours, logistics services includingcontainer freight stations are poised for significant growth. By 2009-10, BLCLhas targeted a net profit of about Rs.150 cr. In terms of new businesses, it islooking at bio-diesel and eco-friendly construction chemicals.
Theuser industries of BLCL's industrial packaging products are growing at ascorching pace presenting a good growth opportunity. Based on the half yearlytrends, BLCL is all set to clock an EPS of Rs.50 in FY07. Going forward, withthe effects of expansion coming in its EPS is likely to go up to Rs.60 in FY08.
The shares of BLCL are traded at Rs.390 discountingits FY07 estimated EPS of Rs.50 by 6.8 times against the industry average P/Eof 13 leaving good scope for the share to advance further. Investment in this share is likely to fetch a decent appreciation ofmore than 40% in one year and over 60% in one-and-half years. The 52-weekhigh/low of the share has been Rs.675/Rs.324

Best Bet: BUY for 50% returns in one year's time

Stock Market India — 2006-12-19T00:40:37-08:00

Source: http://stockmarketindia.net/forum.html?fb_1108459_anch=1797383

JK Lakshmi Cement (Code:500380) Rs.135
Incorporated in 1982, JK Lakshmi Cement Ltd. (JKLC), formerlyknown as JK Corporation, is the flagship company of the reputed and diversifiedHari Shankar Singhania group which also manages JK Paper Ltd. and JK IndustriesLtd. From a modest beginning with a small plant of 5,00,000 TPA capacity, JKLCtoday with 3,00,000 MTA is one of the leading cement companies in the northernand western markets. Its brand name 'JK Lakshmi' is quite popular andemphasises on 'Mazbooti ki Guarantee'. The company has a wide network of 1500 dealersapart from its own marketing offices in Rajasthan, Gujarat, Maharashtra,Punjab, Haryana, Delhi,UP, Uttaranchal, HP and J&K with 60 godowns at various places in everystate to ensure uninterrupted supply to customers. However, 70% of its salescomes from Rajasthan and Gujarat alone.

JKLC's manufacturing plant is located at Sirohi in Rajasthanhaving a clinker capacity of 28 lakh TPA and grinding capacity of nearly 30lakh TPA. It has acquired the latest technologies from Blue Circle IndustriesPLC of UKand Fuller International of USA. Incidentally, the blended cement production ofthe company accounts for less than 50% against the industry norm of about 65%.Blended cement has a better margin as the cost of production is low due tomixing of 20% fly ash. The company is, therefore, taking measures to increasethe proportion of blended cement to 75% by FY07 and to 85% by FY08. Currently,JKLC is also selling clinker in the open market due to insufficient grindingcapacity. Hence it is putting up two grinding units of 5 lakh tonnes each, ofwhich one is expected to commence operation in the next few months and thesecond one by Dec.'07. Post expansion, its cement capacity will stand augmentedto 40 lakh tonnes i.e. 4 million TPA. It is also setting up 36 MW pet cokebased captive power plant, which is expected to be operational by Jun.'07 andwill be lead to substantial saving in power cost to the extent of Rs.30 cr. peryear.

Post restructuring and de-merger, the company'sbalance sheet has become much stronger. To fund its expansion plan, it hasissued around 36 lakh equity shares to Fenner India at Rs.97.50 and 41 lakhwarrants to be converted into shares at the same rate. With the rise in sharecapital/reserves and repayment of debts beginning Jan.'07, its debt-equityratio will improve going forward. And importantly, the OPM of the company isrising sharply due to higher realization, higher capacity utilization and lowercost of production and it may report an OPM of 28% for FY07 compared to 14% inFY05. For H1FY07, its net sales jumped 40% to Rs.352 cr. whereas net profittripled to Rs.62 cr. On a conservative basis, it may end FY07 with turnover ofRs.725 cr. and PAT of Rs.115 cr. i.e. EPS of Rs.18 on its fully diluted equityof Rs.65 cr. At its current equity capital of Rs.57 cr., the EPS would work outto more than Rs.20. For FY08, it may report much higher EPS. Assuming areasonable discounting of 12 times, the scrip could trade above Rs.220.Investors are strongly recommended to buy for 50% return in a year's time.

Best Bet: BUY for 50% returns in one year's time

Stock Market India — 2006-12-18T22:22:11-08:00

JK Lakshmi Cement (Code:500380) Rs.135
Incorporated in 1982, JK Lakshmi Cement Ltd. (JKLC), formerlyknown as JK Corporation, is the flagship company of the reputed and diversifiedHari Shankar Singhania group which also manages JK Paper Ltd. and JK IndustriesLtd. From a modest beginning with a small plant of 5,00,000 TPA capacity, JKLCtoday with 3,00,000 MTA is one of the leading cement companies in the northernand western markets. Its brand name 'JK Lakshmi' is quite popular andemphasises on 'Mazbooti ki Guarantee'. The company has a wide network of 1500dealers apart from its own marketing offices in Rajasthan, Gujarat,Maharashtra, Punjab, Haryana, Delhi,UP, Uttaranchal, HP and J&K with 60 godowns at various places in everystate to ensure uninterrupted supply to customers. However, 70% of its salescomes from Rajasthan and Gujarat alone.

JKLC's manufacturing plant is located at Sirohi in Rajasthanhaving a clinker capacity of 28 lakh TPA and grinding capacity of nearly 30lakh TPA. It has acquired the latest technologies from Blue Circle IndustriesPLC of UKand Fuller International of USA. Incidentally, the blended cement production ofthe company accounts for less than 50% against the industry norm of about 65%.Blended cement has a better margin as the cost of production is low due tomixing of 20% fly ash. The company is, therefore, taking measures to increasethe proportion of blended cement to 75% by FY07 and to 85% by FY08. Currently,JKLC is also selling clinker in the open market due to insufficient grindingcapacity. Hence it is putting up two grinding units of 5 lakh tonnes each, ofwhich one is expected to commence operation in the next few months and thesecond one by Dec.'07. Post expansion, its cement capacity will stand augmentedto 40 lakh tonnes i.e. 4 million TPA. It is also setting up 36 MW pet cokebased captive power plant, which is expected to be operational by Jun.'07 andwill be lead to substantial saving in power cost to the extent of Rs.30 cr. peryear.

Post restructuring and de-merger, the company'sbalance sheet has become much stronger. To fund its expansion plan, it hasissued around 36 lakh equity shares to Fenner India at Rs.97.50 and 41 lakhwarrants to be converted into shares at the same rate. With the rise in sharecapital/reserves and repayment of debts beginning Jan.'07, its debt-equityratio will improve going forward. And importantly, the OPM of the company isrising sharply due to higher realization, higher capacity utilization and lowercost of production and it may report an OPM of 28% for FY07 compared to 14% inFY05. For H1FY07, its net sales jumped 40% to Rs.352 cr. whereas net profittripled to Rs.62 cr. On a conservative basis, it may end FY07 with turnover ofRs.725 cr. and PAT of Rs.115 cr. i.e. EPS of Rs.18 on its fully diluted equityof Rs.65 cr. At its current equity capital of Rs.57 cr., the EPS would work outto more than Rs.20. For FY08, it may report much higher EPS. Assuming a reasonablediscounting of 12 times, the scrip could trade above Rs.220. Investors arestrongly recommended to buy for 50% return in a year's time.

Best Bet: Potential to give 50% returns in 15 months

Stock Market India — 2006-12-18T22:21:23-08:00

Span Diagnostics Ltd. (Code:524727) Rs.48
Incorporated in 1976, Span Diagnostics Ltd (SDL) is a pioneerand trend-setter of high quality products used by pathology & clinicallaboratories in the diagnostics industry. It is the oldest and largestmanufacturer of diagnostic reagents in India with a rich experience ofmore than three decades.
SDL has segmented its product portfolio, into threedivisions. Its Span PDP i.e. Popular Diagnostic Products Division, focuses onclinical and pathological laboratories, blood banks and hospitals forinfectious disease serology, rheumatology and hematology. Its Span ID i.e.Instrument Division concentrates on clinical pathology laboratories, hospitals,physicians, and research institutes for laboratory automation, system forbiochemistry, hematology, ELISA & allergy testing. And its Cogent i.e.Clinical Chemistry Division caters to the clinical laboratories & hospitalsin the areas of biochemistry, stains, indicators and readymade analyticalreagents.
SDL has one of the largest state-of-the-art ISO-9001:2000,WHO cGMP accredited advanced manufacturing facilities with ISO 13485 & CEaccredited products in Asia. Apart frommanufacturing in-house, it has also entered into exclusive tie-ups with reputedcompanies worldwide for marketing, distributing and servicing their products inIndia.It has alliances with Nihon Kohden-Japan, Corgenix-UK, BiotecnicaInstruments-Italy, General Biometrics-USA, Allmedicus-Korea, Hitachi ChemicalDiagnostics-USA to name a few. Besides, the company also takes contractmanufacturing of a wide range of quality reagents and kits in bulk for OEM i.e.private labelled. Notably, SDL has a well-equipped research laboratory withtalented pathologists, biochemists, microbiologists and molecular biologistswho that can undertake production of various purified molecules, e.g. antigens,tumour markers, tissue proteins etc. in commercial quantities employing theprotocols supplied by customers. Similarly, it has a well-maintained animalfacility with mice, guinea pigs, rabbits, sheep and goats for the contractproduction of polyclonal and monoclonal antibodies in bulk quantity.
Apart from having a strong marketing team of technicallyqualified sales and service staff, SDL has an efficient and extensivedistribution network comprising of 4 regional offices and more than 250 dealersacross the Indian subcontinent. Its products are also exported to around 45countries worldwide.

Fundamentally, the company is doing well and has reportedstunning numbers for the Sept.'06 quarter. While sales have increased by 25% toRs.14.70 cr., the PAT zoomed up 170% to Rs.1.03 cr. registering an EPS ofRs.3.40 for the quarter. However, for the full year FY07 it is expected toclock a turnover of Rs.55 cr. and net profit of Rs.2.25 cr. This works to anEPS of Rs.7 on its small equity of Rs.3 cr. Investors are advised to accumulateat declines as the scrip has the potential to give 50% returns in 15 months.

Midcaps suggests five buy calls from Midcap sector

Stock Market India — 2006-12-17T23:27:40-08:00

S.No. Scrips BSE Code Recommended Rate Target Rate.

1 Ahlcon Parenterals 524448 56.75 71

2 Mysore Cements 500292 62.1 78

3 Varun Shipping 500465 65.7 83

4 California Software 532386 67.65 85

5 Alps Industries 530715 72.05 91

10 Paisa recommends short term BUY Calls

Stock Market India — 2006-12-17T23:15:49-08:00

S.No. Scrips BSE Code Recommended Rate Target Rate.

1 Valiant Communications 526775 32.2 41

2 Rohit Ferro Tech 532731 33.7 43

3 Visesh Infotechnics 532411 36.6 46

4 Kovai Medical Center 523323 49.9 63

5 Mid-Day Multimedia 532416 50.35 63

25% returns in Falling Markets

Leoganesh — 2006-12-13T17:07:45-08:00

You might recall I had put in this today morning .

I quote,

For the day you can take a dart and throw it on any of the stocks which plunged over 20%- some picks for the nimble trader. Parsavnath/
GMR / India Cement / Divis Labs/ IVRCL/ ACC have plunged over 25% - no brainer buys "

Register with www.theindianstocks.com and visit http://www.theindianstocks.com/forum/bb/viewtopic.php?t=2030

Does anything more needs to be said ? One lot in each would have given over a lac.

abhijeet_vp
Level 1
Posts: 9
Location: Mumbai
Posted: Wed Dec 13, 2006 10:00 am Post subject: Thanks Aryan......

--------------------------------------------------------------------------------

Dear Aryan,
Greetings. And as always firstly I would like to thank you for your valubale support provided for investors like us through your views on PFU (earlier) & (TIS - theindianstocks.com now).
Here I just wanted to remind all the panic investors the carnage of May. When all the so called masters (CNBS,NDTV) etc wer crying and talking of sensex still crashing to 5K - 6 K levels,
only one site views which were realy encouraging were that of TIS.
It was Aryan in that panic times has gone upfront to say that the market may reach 15K by diwali. And it happened more or less the same. Nobody would even though of market reaching 14K. "Follow the trend" was the only mantra by our guru.
Aryan, I would request you to repeat the write-up (I cannot recall the exact date/title.. but I hope you goit what i mean).
Let me be very frank to admit that, "May Carnage" has caused a lot of pain to me , but it was only TIS and its worthy members, on whose guidelines I managed to stand and make profit. I hope Aryan & other members to keep the same encouraging write-ups and guidelines on TIS .
And last but not the least, I would request all the active members to suggest a list of "Shopping" in this opportunity provided by the falling markets.

Thanks A Lot Aryan..

It costs nothing to register. Registration closes on 31.12.2006.

Good luck

Very Good Stock to Invest for Three Months in Falling Markets - 20 to 25% Gains Expected

Stock Market India — 2006-12-12T19:24:26-08:00

LOW RISK / HIGH RETURN - HOLDING PERIOD � THREE MONTHS
AUROBINDO PHARMA - Present Price � Rs.669.75 Projected Price � Rs.825

� Aurobindo Pharma manufactures generic pharmaceuticals and active pharmaceutical
ingredients. The company's robust product portfolio is spread over 6 major
therapeutic/product areas encompassing (Antibiotics, Anti-Retrovirals, CVS/
Statins/Diabetology, CNS, Gastro/Uro/Kidney therapeutics, Anti fungal/
allergics/respiratory) around 65 Betalactam APIs and 123 Non-Betalactam APIs.
� The Company markets its products in over 100 countries. The company has filed over 68
ANDAs and 88 DMFs for the USA market, in addition to several filings in other countries.
The company has received approvals for several facilities from leading regulatory
agencies like US FDA, UK MHRA, WHO, Health Canada, MCC South Africa.
� APL's net profit for the second quarter ending Sept06 jumped by 1401% from Rs. 36
million to Rs. 546 million due to the improvement in operating margin and sharp rise in
other income. We expect the company to report sequential growth for the next two
quarters and surprise and the analysts and the market in a big way which will act as a
strong catalyst for the scrip to explode from the current levels.
� The company has plans to divest its holding in 100% subsidiary Aurobindo Tongling
Pharma Co., China (ATDPL). This company is engaged in the manufacture and marketing
of formulations in China. ATDPL reported sales of Rs. 1.31 billion and incurred net loss of
Rs. 66 million for FY06. The divestment will help to improve the profitability of the
company.
� The company is undergoing a re-structuring operation and is likely to hive off its old
manufacturing units. This is likely to improve the overall performance of the company.
� On the technical front, the stock has broken out of a bullish pattern and is likely to
explode in the coming days closer to its Q3 results. The stock has a strong support at
Rs.625-635 levels and in case the stock slides because of panic in the market , it will offer
an attractive buying opportunity.

Today's Market - 13.12.06

Leoganesh — 2006-12-12T17:30:01-08:00

* NIFTY/ SENSEX ! Nifty - Breaks Major Support in Medium Term Charts - Recovery to 3790-3800 from Oversold Zones Likely Time to Buy ! - Gradually Buy Highly Oversold Stocks for Quick Returns in next couple of Days *

Stock Outlook

* RELIANCE CAPITAL ! Extreme Short Term Charts in favour of Rise to 559-560 / Use Declines to Buy only with SL

* KARNATAKA BANK ! Non Stop Decline from 134 to 104 - Technical Recovery to 115-116 Likely in Few Sessions

* BANK OF BARODA ! Bearish in Medium Term Charts BUT Ripe for Technical Recovery to 248-250

* RELIANCE ENERGY ! Buy Gradually on Declines with SL for Target of 522+ in Near Term

* BHARAT PETRO ! Some respite from Rising Oil Prices / Stocks Likely to Recover to 325+

* CAN BANK ! Buy on every Decline with SL for Target 270+ for Technical Recovery from Oversold Zones

* GTC LTD. ! Sharp Decline from 246 to 197 in Extreme Short Term - Ready for Tech Recovery to 209+

* STERLITE OPT. ! Intraday Charts in favour of rise to 209 - Use Declines to Buy Gradually with SL

* R O L T A ! Extreme Short Term Charts in favour of Rise to 249+ / Buy On Every Decline with SL

* O B C ! Heavily Oversold in EST Charts - Buy on Every Decline with SL for EST Target of 234+

* WOCHARDT ! Bullish Indications in Extreme Short Term Charts - Use Declines to Buy with SL for Target of 350+ in Few Hours

* FINOLEX IND. ! Highly Oversold in Hourly Charts - Technical Recovery to 83 and Higher Likely

* C E S C ! EST Charts in favour of Rise to 308-310 in coming Days - Use Lower Levels to Buy with SL

* INDIABULLS ! Bearish in Weekly Charts for Targets of 430 - Oversold in Hourly Charts for Technical Recovery to 525

* BANK OF INDIA ! Ripe for Technical Recovery to BUT Bearish in Medium Term Charts for Target of 135 in coming Weeks

* HIND LEVER ! Intraday Bearish Targets achieved - Charts favour decline to 185 after Technical Recovery to 234

* POLARIS ! Fresh Buying ONLY if closes above 145 - Hourly Charts favour Tech recovery to 136

* M T N L ! Bearish Breakout from "H&S" Pattern - Book Profit on Every Rise to Re-Enter below 105

* HIND CONSTRUCTION ! Further Decline to 130 On Charts - Use Pullback to book Profit for Medium Term

* INDIA CEMENT ! Enters Highly Oversold Zones in Hourly Charts - Buy Grasually on Declines for EST Target of 201-204

* N T P C ! Extreme Short Term Charts in favour of Technical Recovery to 140+ / Buy Gradually on Declines with SL

* STATE BANK OF INDIA ! Highly Oversold in Hourly Charts - Ripe for Technical Recovery to 1280-1290

* I D B I ! Highly Oversold in Extreme Short Term Charts - Ripe for Technical Rally to 79.5-80

* O N G C ! Continues to be in Highly Oversold Zones - Use Further Declines to Buy with SL for Target of 815+

* RELIANCE IND. ! Oversold in Hourly Charts for Technical Recovery - But Daily Charts favour decline to 1140 in coming Days

Positional Buy Calls

13.12.06 IDBI Ex.Short Term On Declines+SL 89.5-80
13.12.06 Hind Const. Ex.Short Term On Declines+SL 150+
13.12.06 Rel Capital Ex.Short Term On Declines+SL 559-560
13.12.06 Reliance Energy Ex.Short Term On Declines+SL 522-523
13.12.06 Ster. Opt. Ex.Short Term On Declines+SL 209+
13.12.06 Tata Power Ex.Short Term On Declines+SL 549-550
13.12.06 Rolta Ex.Short Term On Declines+SL 248-250
13.12.06 Wochardt Ex.Short Term On Declines+SL 350+
13.12.06 Finolex Ex.Short Term On Declines+SL 82.5-83
13.12.06 CESC Ex.Short Term On Declines+SL 308-310

Recommendations for 13.12.2006

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). ICICI BANK . Buy 800 Shares (400 at opening @ Prv Close or below+ 4x100 at Fall of every Rs5/- ) in ' Investment A/C' . Target 835 Avg SL Rs 12/-.

2). Rolta: Buy 2000 Shares (1000 at opening @Prv Close or below+ 5x200 at Fall of every Rs2/- ) in ' Investment A/C' . Target 248 Avg SL Rs 6/-.

3). Wochardt : Buy 1000 Shares (500 at opening @+ 5x100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 350.Avg SL Rs 8/-.

4). Reliance Energy : Buy 1000 Shares (500 at opening @+ 5x100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 522.Avg SL Rs 6/-.

Important

Kindly visit the link
http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594
prior to initiating any trades or investment based on the calls given. For all intra day trades log into the trading hub prior to 9.30 AM sharp. Read the above link to find out the ways to log into trading hub.

Kindly log into the Trading hub prior to 9.30 to get updates, intra day calls and market view for the day .

BUY and SELL calls by Technical Analysts

Stock Market India — 2006-12-11T20:50:58-08:00

12th-Dec-2006 09:52 - Deepak Mohoni
Short sell Syndicate Bank above Rs 72.5 with stop loss of Rs 74.5; This is a day-trading recommendation

12th-Dec-2006 09:51 - Deepak Mohoni
Buy Aurobindo Pharma below Rs 670 with stop loss of Rs 660; This is a day-trading recommendation

12th-Dec-2006 08:18 - Rajat K Bose
Sell BPCL with stop loss above Rs 336 for target of Rs 310

12th-Dec-2006 08:17 - Ashwani Gujral
Sell Titan Industries with stop loss of Rs 780 for target of Rs 600

12th-Dec-2006 08:17 - Ashwani Gujral
Sell VSNL with stop loss of Rs 425 for target of Rs 337

Falling Market !!!! Not for us.

Leoganesh — 2006-12-11T17:35:59-08:00

ABB Futures buy @ 3810, exit @ 3940.

AIA Eng Buy above 1391 exit @ 1429.

Short Reliance F break of 1266 cover @ 1252.

NF Positional Short @ 4020 covered today @ 3890. A whopping 130 points.

Our Positional Call Jai Corp recommended @ 370 levels on Oct 31 @ 1614 yesterday. 410 % returns in 41 days.

Check out www.theindianstocks.com and register for free, Registration closes down on 31.12.2006.

Our Jan Target for Sensex 15500.

Join today and start making money

Expert Analysis - 11.12.06

Leoganesh — 2006-12-10T17:46:25-08:00

*NIFTY/ SENSEX ! Nifty - Interday Bearish Targets Achieved - Technical Recovery to 3975 from EST Support of 3920 Likely in NF. 70% Stocks giving Bearish Indications BUT Buy Select Highly Oversold Stocks for Gains in 1-3 Days

* Nifty Futures (Near Month) 5th Wave (EST) in Progress - Book Gradual Profit to Re-Enter at Lower Levels

Market Tech View.

Nifty/ Sensex: Anticipated High-Lows for the Week

Nifty: High - NOT CLEAR: Low -3901 .63 - 3911 .65
Sensex: High - NOT CLEAR: Low - 13,577 .38 - 13,641 .36

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Nifty behaved perfectly last week as high of the week was 4046 .85 while our anticipated ranges were 4040 .00 - 4044 .33 and low of the week was 3948 .70 while our anticipated ranges were 3952 .40 - 3954 .58; now taking into account last Friday's sharp fall and closing of the week near the lows of the week and below preceding week's closing levels is giving indication that what we have been writing for last 2 week (that a good intermediate down correction is likely to start from this period and likely to bring indices down to levels 3742 .50 & 12994 .45) is likely to come true if indices close present week with black candles below 3950 .85 & 13703 .33 while closing in lower half of the weekly candles then it would be finally confirmed that an intermediate down correction has started - in any case.

FIRST DOWN TARGETS are : 3901 .63 - 3911 .65 & 13,577 .38 - 13,641 .36 and if intermediate down trend is confirmed as mentioned herein earlier then

NEXT DOWN TARGETS would be : 3,794 .30 - 3,845 .75 & 13,200 .36 - 13,316 .80.

TODAY'S TREND: Full Day Down.

Stock Outlook

* TELE DATA ! Bullish Breakout in Daily Charts - Use Declines to Buy with SL for Target of 23 & 25

* PIRAMYD RETAIL ! Moves out of 5 Month Long Consolidation - All Indicators favour further rise to 135+

* G M INFRA ! Bearish Indications in Short Term - Charts favour decline to 365

* PUNJ LLOYD ! Bearish pattern in Making - Likely to Lose Rs100/- on Confirmed Break Down

* MAHA SEAMLESS ! Bearish Indications in Extreme Short Term - EST Charts favour decline to 421-423 in Near Term

* TULIP SERVICES ! Breaks Short Term Support - Charts favour decline to 421 in coming Sessions

* MAH & MAH ! Hourly Charts in favour of Decline to 810 in Few Hours - Use Any Rise to Book EST Profit

* N D T V ! Beasrish "Head & Shoulder" pattern in Making - Likely to Lose Rs20/- in Extreme Short Term

* REL COMMUNICATION ! Short Term Indicators in favour of Decline to to 430+ in Few Sessions - Book Part Profit to Re-Enter at Lower Levels

* ZEE TELE ! Bearish Breakout from "H&S" Pattern - Book Profit on Every Rise to Re-Enter below 320

* MCLEOD RUSSEL ! Highly Oversold in Hourly Charts - Ripe For Technical Recovery to 105.5-106

* MEDIA VIDEO ! Continues to in Overbought Zones - Use Higher Levels to Book Profit to Re-Enter below 48

* BANK OF INDIA ! Bearish Target of 196 Maintained - Use Higher Levels to Book Profit only

* RELIANCE IND. ! Further Decline to 1250 and Recovery to 1280 on Charts - Book Profit at Higher Levels

* MALU PAPER ! Highly Overbought after Sharp Rise from 17 to 45 in Few Weeks - Corrective Decline to 35 & 30 Likely

* DCM SRIRAM CONSOLIDATED ! Bullish Breakout in Daily Charts - Indicators favour rise to 135+ in coming Sessions

* SPICE JET ! Strong Resistance @ 55 - Bullish Breakout with Volumes will Target 68-70 in coming weeks

* PENINSULA LAND ! Breakout from Bullish Pattern - All Set to Cross 750+ in coming Days

* ROLTA INDIA ! Bullish Indications in Short Term Charts - Indicators favour rise to 275+ in coming Sessions

* RPG TRANSMISSION ! On Verge of Bullish Breakout in Daily Charts - Close above 175 will Target 200+ in few Sessions

* INDUS IND BANK ! Crucial resistance @ 52 - Bullish Crossover with Volumes will Target 58+ in Coming Days

* ASAHI INDIA ! Hourly Charts Bullish - Indicators favour rise to 145+ in coming Days

* PATEL ENGG. ! Minor Resistance @ 450 - Bullish Crossover with Volumes to Target 500+ in Near Term

* ANDHRA BANK ! Mildly Bearish in Extreme Short Term - Likely to Decline to 87 in Coming Sessions

* AUROBINDO PHARMA ! Moves Past Crucial Resistance - Buy in Futures with SL of 665 & Book Gradual Profits. AUROPHARMA - Above 665 Target 725, 750.

* POLARIS - Breakout 145 Target 160 , 175-180

* BHARAT FORGE ! Bearish Breakout in Daily Charts - Use Pullback move to Book Profit to Re-Enter below 320

* CORPORATION BANK ! Bearish "Double Top" and break of Support - Further Decline to 325 likely in coming Days

* POLARIS SOFTWARE ! Achieves extreme Short Term Targets - Charts favour further rise to 155+

Positional Calls.

All declines are Buy, All Rally are Sell

11.12.06 Tele Data Sh Med. Term On Declines+SL 23 & 25
11.12.06 GM Infra Ex.Short Term On Rally+SL 360
11.12.06 Piramy Retail Sh Med. Term On Declines+SL 135+
11.12.06 M&M Ex.Short Term On Rally+SL 810
11.12.06 RPG Transmission Sh Med. Term On Declines+SL 200+
11.12.06 Maha Seamless Ex.Short Term On Rally+SL 420
11.12.06 McLeod Russel Sh Med. Term On Declines+SL 106+
11.12.06 Media Video Ex.Short Term On Rally+SL 48
11.12.06 Reliance Short Term @1250+SL 1280+
11.12.06 Punj Lloyd Ex.Short Term On Rally+SL 950 & 920
11.12.06 NIFTY Sh Med. Term @ 3920+SL 3975
11.12.06 Malu Paper Ex.Short Term On Rally+SL 35 & 30

Recommendations for 11.12.2006

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). Nifty Futures. Buy 5 Lots (2 at opening @ 3920+ 3x1 at Fall of every 7 Points ) in ' Investment A/C' . Target 3975 Avg SL 20 Points.-For High Risk Traders

2). Piramyd: Buy 2000 Shares (1000 at opening @+ 5x200 at Fall of every Rs1/- ) in ' Investment A/C' . Target 135 Avg SL Rs4/-.

3). Punj Lloyd: Sell 600 shares (300 at opening @ 1025+ 3x100 at Rise of every Rs6/-) in ' Trading A/C' . Target 950 Avg SL Rs 15.

4). Malu Paper. Sell 3000 shares (1500 at opening @ Prv Close+ 5x300 at Rise of every Rs0.5/-) in ' Trading A/C' . Target 36 Avg SL Rs 2.

Important

Kindly visit the link
[url]http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1594[/url]
prior to initiating any trades or investment based on the calls given. For all intra day trades log into the trading hub prior to 9.30 AM sharp. Read the above link to find out the ways to log into trading hub.

Want to be a winner in stock markets ?

Leoganesh — 2006-12-10T17:42:10-08:00

On 4th Oct this is what was put up .

Market Tech View.

Nifty/ Anticipated High-Lows for the Week

Nifty: High - 4040 .00 - 4044 .33: Low -3952 .40 - 3954 .58

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Indices started a good minor down correction right in the beginning of the last week from levels 3974 .95 & 13,799 .08, which were near the highs of the preceeding week, and after falling reasonably for first 2 days took support in our 'SUPPORT RANGE 1' mentioned in last week's weekly writeup (please note that lows of last week were 3911 .55 & 13,577 .38 while support ranges were 3900 .40 - 3918 .00 & 13,588 ..01 - 13,619 .68 and after moving sideways on Wednesday these rose for last 2 days of the week and closed near all time highs giving indication of further rise in the beginning of this week - now within first 2 - 3 days of this week Nifty should reach ranges of 4040 .00 - 4044 .33 and on down correction it should take support in ranges 3952 .40 - 3954 .58; coming to anticipate first 1 to 1 .50 days there could be part profit booking in ranges 4019 .00 - 4022 .00 and on minor down correction there should be support in ranges 3976 .70 - 3985 .00.

Overall medium term anticipation is that present intermediate up wave should peak near the end of this week or the beginning of next week (this has been mentioned in last week's weekly writeup also) from where a good intermediate down move is anticipated, tentative targets of which are being put at 3742 .50 & 12994 .45, please don't be caught unawares.

TODAY'S TREND: Resistance in Second Half.

The url for the above is http://www.theindianstocks.com/forum/bb/viewtopic.php?t=1787

Check Nifty high and Nifty Low.

This is what we put up on the Trading hub on 6.12.2006 @ 9.30 AM.

Noise:

>For every 100 RIL, 13 Reliance Retail Ltd. shares would be offered "soon"

>Unity Infra was over-priced in their May IPO. The market is yet to absorb the allotments being sold till now, despite the compelling argument about their infra business. But noise says this share finally boom.

>Parsvnath could see 40% upwards in "due course".

>Voltas will get the entire airconditioning order from Reliance Retail.

>Bartronics will get the entire barcoding-machines order from Reliance Retail.

Both Voltas and Bartronics will have to make public issues, GDR issues, ADS, IDR or whatever else to fund their supplies to RRL.
Since when did any supplier to that group get advances?

>Reliance Capital's boss has only one objective: Hike the marketcap of all my listed companies.
So RelCap, REL, RComm, Adlabs and all the others will keep rising till March next year.

>Oracle has only one listed entity in the world, other than itself: And that is
I-Flex in India. Why should they continue letting it stay listed? That's a reason why the insiders say they're buying it in the secondary market in the hope that Oracle will eventually hike the offer price and buy it from them. Take a long position Today for C/0. The noise is 2100 +

>Polaris is said to be talking to a smaller outfit in the US to buy them out.

>Glenmark will receive the next leg of the milestone payment this month.

> Essar Oil said they'd de-list.

>Fed Bank some noise

>Tisco: Buying its own shares

I-Flex was quoting around 1750 and you can check the closing price on Friday.

Investment and Positional Call updates.

TABLE 2 POSITION a/c

Date Company Buy Revised Action
   Stop today

30-Aug Reliance Comm Ventures 308 400 hold long 3G to alter their income profile
15-Sep Unitech 270 425 hold long May raise capital and list at the LSE
9-Oct Patel Engineering 360 385 hold long Infra boom fueling higher margins for this company
12-Oct GMR Technologies 214 315 CLOSE CLOSE
16-Oct Tech Mahindra 692 1020 hold long Q2 results
19-Oct Opto Circuits 249 280 CLOSE CLOSE
21-Oct Opto Circuits 249 280 CLOSE CLOSE
21-Oct Shree Precoated Steels 299 550 hold long Ajmera's merging all their construction subsidiaries..Land
23-Oct Asian CERC..bse 64 100 hold long Equity-research BPO..ADA talking to this co.
26-Oct Ansal Properties 727 900 hold long Construction leader being bought by FIIs
27-Oct Ansal Housing 293 290 hold long Dollar-raise soon
27-Oct Advani Hotels..bse 160 150 CLOSE CLOSE
31-Oct Educomp Solutions 657 600 CLOSE CLOSE
31-Oct Jai Corp 379 1350 hold long SEZ vehicle..promoted by Anand Jain
1-Nov United Spirits 752 800 CLOSE CLOSE
1-Nov DCM Shriram Consolidated 99 90 hold long Noida-Land development and sale
2-Nov GVK Power 234 255 hold long Merger of subsidiaries..To increase value
2-Nov Subhash Projects 182 190 hold long Infra boom..Large orders on the anvil
3-Nov Kalyani Steel 408 435 CLOSE CLOSE
3-Nov Bombay Dyeing 704 745 hold long Land in Bombay
6-Nov Reliance Infrastructure 580 580 CLOSE CLOSE
6-Nov ERA Construction 428 450 hold long Infra-buy
7-Nov Areva T&D..bse 847 845 hold long Power buy
7-Nov Opto Circuits 249 280
8-Nov Jaiprakash Associates 632 640 hold long Power+Cement+Land
8-Nov Gulf Oil..bse 1505 1325 hold long "Hinduja City" coming up outside Hyderabad
11-Nov Prajay Engg..bse 306 275 CLOSE CLOSE
11-Nov Adlabs 390 375 CLOSE CLOSE
13-Nov Ahmednagar Forgings 276 245 CLOSE CLOSE
14-Nov Lok Housing..bse 383 300 CLOSE CLOSE
14-Nov Garware Offshore..bse 153 160 hold long Drilling space in boom
15-Nov Kotak Mahindra Bank 382 355 hold long Buy this wealth-management fee earner
15-Nov Indiabulls 556 520 CLOSE CLOSE
16-Nov Bombay Dyeing 756 745 hold long Land
16-Nov Mahindra Gesco 948 900 hold long Land
16-Nov Narendra Property 66 52 CLOSE CLOSE
17-Nov Adani Enterprises 160 210 hold long 2.50 cr. sft under development, starting with Jamnagar
20-Nov Gammon India 470 400 hold long Infra-buy
22-Nov Atlanta 639 1000 hold long Engg outfit in infra supplies
23-Nov MSK Projects 93 85 hold long Infra buy
23-Nov HTMT 544 560 hold long Demerger of InCable, Sale of land in Bangalore etc.
24-Nov Gulf Oil..bse 544 1325 hold long
24-Nov Adani Enterprises 184 210 hold long 2.50 cr sft development in jamnagar and Ahmedabad
24-Nov Adlabs 404 375 CLOSE CLOSE
27-Nov GE Capital & Trans..bse 127 120 CLOSE CLOSE
27-Nov Cranes Software 109 92 CLOSE CLOSE
30-Nov Eldeco Housing..bse 379 350 hold long Rs.1.97 cr Equity. And in residential housing.
30-Nov Sterling Holiday Rsrts..bse 80 70 hold long Tourism boom missed by this co so far..NOW some action
1-Dec Madhucon Projects 375 340 CLOSE CLOSE
4-Dec ERA Construction 472 440 hold long Construction-buy
5-Dec ICSA 960 875 hold long Power-wastage-and-security software maker for SEB's
6-Dec Voltas 114 94 hold long Reliance Retail a/c order most likely
6-Dec Lakshmi Precision..bse 146 120 CLOSE CLOSE
7-Dec Adani Enterprises 221 200 hold long 2.50 crore sft being built
8-Dec Jaiprakash Associates 713 650 BUY Infra+Power+Land+Cement = Can raise a billion or two




TABLE 3 INVESTMENT a/c

Date Company Buy Revised Action
   Stop today

25-Aug RIL 1110 1185 hold long Reliance Retail launch; Large capital/debt raise
25-Aug Reliance Capital 478 540 hold long Large capital/debt raise
4-Sep Financial Technologies 1261 1800 hold long Mobile trading software ready; Tieup with NDDB
25-Sep Northgate Technologies 549 780 hold long VOIP: Global 7 is like Skype, Google Talk, Yahoo Talk..
6-Oct Northgate Technologies 597 780 hold long VOIP: Global 7 is like Skype, Google Talk, Yahoo Talk..
18-Oct Subex Azure 523 560 hold long IP business in telecom-fraud-management software
27-Oct Peninsula Land 626 600 hold long Land and construction major from the Morarjee group
31-Oct Crisil 2327 2100 hold long Highest margins ever in an expanding economy
10-Nov Financial Technologies 1903 1800 hold long $200 million raise for acquisition
13-Nov Unitech 406 450 hold long Land leader. Parsvnath's over-subscription a trigger here
20-Nov Pantaloon Retail 2200 2100 hold long Retail, Land story
22-Nov Aditya Birla Nuovo 1103 1000 hold long Holding co.of AVB gp like Tata Sons..IDEA IPO, Rights
23-Nov Info Edge 586 540 hold long Net-earner. Naukri, Jeevansathi, 99Acres..All leaders
8-Dec Nil

Do you need any more reasons not to be part of www.theindianstocks.com.

Registration closes on 31.12.2006 and you would miss getting

A. Daily Digest with Charts.
B. Pivot Points.
C. Positional Picks.
D. Investment Picks.
E. :Traiding hub entry.
F. Chance to interact with 2400 boarders .

All the above come for free and importantly I have personally benefitted from this site. I am spreading the word out. Kindly tell all your friends to join this site and let us all profit.

A sneak preview into 2007 - Sectors & Stocks

Leoganesh — 2006-12-09T18:30:41-08:00

Dear Friends,

We are going to send you all the reports on the sectors which are a definite BUY in the year 2007. The stocks which you need to concentrate in 2007.

Please do send an email to : deliverytips@gmail.com with "Add me" in the subject line to get the reports for free by 25th December.

Earn Rs.3000+ daily in stock markets

Leoganesh — 2006-12-09T05:12:58-08:00

I think the three calls would speak for itself. Nothing more needed. Free Registration closes on 31.12.2006.

The url is www.theindianstocks.com - Forum & Trading Hub

EKC buy above 611 target 639. Achieved.
AIA buy above 1450 for 1520. Target achieved in 5 minutes.
ABB Futures buy @ 3710 target 3950. Closed @ 3905.

Call of 06.12.2006 - A Bumper Day.

Parsvnath Futures buy @ 539.40, Exited @ 549.90.
Buy Bhel Futures above 2600 , Stop Loss 2595 target 2635.
Voltamp Buy above 640. Target 670. Target achieved.
EKC Sell below 610, target 602. Target achieved.

Overnight Position in Jet airways Futures @ 672..

Call of 05.12.2006 given on Trading Hub

Voltamp above 635 should rocket. Exited @ 660. High 672.
Reliance Futures bought @ 1284 exit given @ 1300.
BTST Asian Electronics @ 506.

Call of 4.12.2006 given on Trading Hub

ABB Buy @ 3720 1 lot. Exited @ 3850. Profit of Rs 13,000..

Do you need more ? If yes log on to www.theindianstocks.com. Register yourself for free in the Forum link and check the daily digest section for positional calls and stock outlook.

Jai Corp buy call given on 31st Oct at 370 today is @ 1394.

If you are a hardcore market person , log on to the trading hub and get live day calls and breaking news and share your knowledge with 125 odd fellow boarders.

You also pivot points for all the FNO stocks for the month of Dec and Jan including change in Open interest.

You also get to view 5 min charts of all the stocks.

Registration is Free and closes on Dec 31. Do check out once , I am pretty sure you would recommend the site to your friends.

Good Luck.

PS : I am not advertising this site, Its a FREE site for the benefit at large.

Capita Telepholio Recommends BUY Call for Monday

Stock Market India — 2006-12-08T20:39:15-08:00

BUY : Bharat Earth Movers at Rs 976
BSE Code : 500048
NSE Symbol: BEML
Market Lot: 1

Bharat Earth Movers will be a key beneficiary of expected pick-up in
investment in mining sector and metro rails.

Actual EPS for March 2005 : Rs 47.7
Actual EPS for March 2006 : Rs 50.9
Projected EPS for March 2007 : Rs 61.2

short term buy calls

saleembasha_m — 2006-12-07T20:52:24-08:00

BUY TINPLATE @ 52-55 SL 49 TARGET 65+
BUY BALRAMCHIN @ 85-88 TARGET 110+
BUY MAWANA @ 55-57 TARGET 80+

BUY BAJAJHIND @ 240-245 FOR A SHORT TERM TARGET OF 300+
52 WEEK HIGH N LOW 560/231

Alert Capita Telepholio recommends buy call for short term

Stock Market India — 2006-12-06T23:09:13-08:00

BUY : Gujarat Apollo Equipments at Rs 182
BSE Code : 522217
NSE Symbol : Not listed
Market Lot : 1

Sustained growth in investment in roads and highways ensure sustained
growth for this road construction equipment company.

Actual EPS for year ended March 2005 : Rs 7.6
Actual EPS for year ended March 2006 : Rs 15
Projected EPS for year ended March 2007 : Rs 22.3

RE: Low Risk, High Return - BUY for Rs 200 gain in Short Term

Stock Market India — 2006-12-05T22:39:05-08:00

BUY for Rs 200 gain Sir!! Not for Rs 200 as CMP.

RE: Low Risk, High Return - BUY for Rs 200 gain in Short Term

mari — 2006-12-05T21:29:28-08:00

buy for 200?

Low Risk, High Return - BUY for Rs 200 gain in Short Term

Stock Market India — 2006-12-05T14:27:22-08:00

Parsvnath Developers Ltd (PDL), is one of north India's big real estate player. PDL has successfully completed 3.5mn sq ft of development and currently has planned projects with developable space of 108.7mn sq ft. North India and specifically NCR region has been the major operational region for PDL. The company has its operations in 41 cities and 14 states of India. The company completed its IPO successfully and we believe huge FII buying is expected to emerge from the FII segment as the allotment has been very poor. The company has an Equity Capital of Rs.185 cr and reported Net Profits of Rs.36 cr in the first quarter. We expect the company to report phenomenal profits in the next three quarters which will take the markets and all analysts by surprise. The unique feature of Parsvnath is that the company has acquired the rights to develop commercial complexes in Delhi Metro stations on BOT basis and two stations are already operational. The company will get rental income for the next 25-30 years and this will be a money spinner. JUST BUY.

short term buy call

saleembasha_m — 2006-12-04T22:05:09-08:00

Buy BHARAT PETROLEUM for short term
BUY BPCL @ 335-340 SL 300 TARGET 400+
Its yearly low/ High 291/502
Expected this sector to perform well in the near future

Expert Eye - The share (CMP: Rs 56) has all the potential to cross the Rs.100 mark in about one year

Stock Market India — 2006-12-03T23:10:10-08:00

Market grapevine has it that IFB AgroIndustries Ltd. (IAIL) (Code:507438) (Rs.55.80) is faring exceedinglywell and is all set to post an EPS of Rs.10 in FY07. Its EPS is all setto take a quantum jump in FY08 to over Rs.17 as its expansion wouldstart yielding results and it would fetch the substantial benefits ofcarbon credits.

IAIL was incorporated in Jan.'82, under the name of Nag Bottling &Packaging Company and became a public limited company in 1986 under thepresent name. It manufactures and markets extra neutral alcohol, IndianMade Foreign Liquor (IMFL) and marine products.

Industrial alcohol has a wide variety of uses mainly inpharmaceuticals, chemicals and homeopathic drug making industry. It isalso used to manufacture a number of other organic components. Thecompany had a technical collaboration with Starcosa, West Germany. 6
During FY06, IAIL's marine exports division did well as exports went upby 65% from Rs.12 cr. to Rs.21 cr., which helped it get One Star ExportHouse status. Its marine products are well accepted in the European andUS markets.

IAIL has embarked on a Rs.28 cr. modernisation drive to manufactureboth grain and molasses based spirit that will ensure captive powerwhile confirming to zero discharge norms. Of this Rs.10 cr. will beused for pollution control equipments, power generation plant andrelated accessories while Rs.18 cr. will be invested in grain basedmodern distillation facilities.

IAIL's marine division meets the most stringent quality specificationsunder HACCP and USFDA norms enabling exports to a large number ofdestinations in Japan, Europe and USA. The credibility of its productsis well-established amongst overseas buyers.

During H1FY06, IAIL's bottomline was hit badly due to the high cost ofmolasses because of which it had to incur losses. However, in the 2ndhalf with the softening the price of molasses it was able to postpositive results. For FY06, IAIL posted a net profit of Rs.1.2 cr. onsales of Rs.142 cr. For Q2FY07, it earned a net profit of Rs.1.2 cr.against net loss of Rs.0.8 cr. in Q2FY06. For H1FY07, it reported a netprofit of Rs.3 cr. on 48% higher sales of Rs.95.4 cr. against a netloss of Rs.1.3 cr. for H1FY06.

Its equity capital is Rs.7.7 cr. and with reserves of Rs.31 cr., thebook value of the share works out to Rs.50. The value of its grossblock is Rs.55 cr. The promoters hold 53% in the equity capital, PCBshold 15% leaving 32% with the investing public.

In the IMFL segment, IAIL has launched 'Volga' Vodka in Orissa duringFY06 and has now extended it to other areas in West Bengal and theNorth East. IAIL visualizes ample opportunity in IMFL but wants toconsolidate first in West Bengal, Orissa and northeastern states andonly thereafter move to other states. To establish its positionfurther, it is concentrating on quality and packaging of the product.
In latest developments, IAIL's project 'Avoidance of Waste Water andOn-site Energy Use Emissions and Renewal Energy Generation' in itsdistillery at Noorpur in 24-Parganas (South) has been registered as CDMproject with UNFCCC. The crediting period of Certified EmissionReduction (CERs) would be effective from 1st Jan.'07 till 31st Dec.'16.The expected CERs generation would be approx 70,760 MTA Carbon Dioxideequivalent as per project documents.

Based on the current going, IAIL isall set to post an EPS of Rs.10 in FY07 which would touch Rs.17 forFY08 on account of the full effects of its expansion and power savingcosts coupled with carbon credit gain, EPS is expected to advance toover Rs.17 in FY08. The shares of IAIL are currently traded at Rs.55discounting its estimated EPS of Rs.17 for FY08 by only 3.2 timesmaking the investment very attractive. Applying a reasonable P/E of 7,the share has all the potential to cross the Rs.100 mark in about oneyear. The 52-week high/low of the share has been Rs.79/Rs.33.

Expert Eye - The share is likely to appreciate by more than 50% in about 3 to 6 months

Stock Market India — 2006-12-03T23:07:16-08:00

The share prices of real estatecompanies, which specialize in building residential complexes,corporate offices or malls, have not only outperformed the benchmark30-share BSE Sensex but also construction companies.

A real estate analyst opines that thereal estate prices are yet to reach its peak. Within this segment, theshare of Vijay Shanthi Builders Ltd. (VSBL) (Code:523724) (Rs.92.10) isrecommended for a decent appreciation based on the recent completedprojects, VSBL is all set to post an EPS of Rs.10 in FY07 and overRs.18 in FY08. A large chunk of shares has recently changed hands.

VSBL, incorporated in 1978, is a part of the Vijay Shanthi Group ofCompanies, which has also established its name in Finance, MineralWater, Cement and Resorts development.

VSBL is engaged of developing property, housing, residential andcommercial apartments, land development, layout schemes and arebuilders, civil engineers, contractors and engineering consultants. Italso manufactures mineral and herbal water.
The company has been in the business of construction for over 20 yearsand has established a name for itself in the property developmentmarket by adhering to timely completion of construction. The promotersare included in the panel of approved builders of HDFC, LIC, GIC andSBI Home Finance. VSBL has completed over 40 projects, which adds up toa total amount of constructed area of over 26 lakh sq. ft.
During FY06, VSBL posted 216% higher revenue of Rs.77.5 cr. with 35%higher net profit of Rs.3.4 cr. over FY05. During Q2FY07, while revenueadvanced by 134% to Rs.30 cr. net profit shot up by 113% to Rs.2.9 cr.over Q2FY06. For H1FY07, net profit moved up by 75% to Rs.4 cr. on 104%higher revenue of Rs.47 cr. compared to H1FY06.

Its equity capital is Rs.12 cr. and with reserves of Rs.10 cr., thebook value of the share works out to Rs.18.3. The promoters hold 47%leaving 53% with the investing public.

VSBL is in the process of completing 6 prestigious residential projectshaving already completed two projects. It plans to construct anapartment complex of a built-up area of one lakh sq. ft. at theupmarket Rutland Gate Road in Central Chennai. The construction wouldstart this month and be completed in 12 months. The company decided togo in for high-end residential space because research shows that thereis demand in this segment mainly from the corporates and NRIs. It alsoproposes to launch a new residential project 'Gangotri' in the ITcorridor. There will be five blocks with three floors with the groundfloor for recreation space, car parks, lumber-room and driver's restroom. The complex would have a clubhouse, gym and swimming pool with aparty area for 200 guests. The apartment blocks are coming up on 22grounds for which the company paid Rs.29 cr. for land acquisition sixmonths back.

The demand for premium apartments in Chennai seems to be great asVSBL's 15 apartments priced at Rs.4.25 cr. each were all sold out inone day and the company realised Rs.64 cr. as sale value. Eachapartment will be spread over 5,000 sq. ft. with exclusive elevatorsfrom the front lobby and a separate service entrance with both elevatorand stairs. Each apartment will have four bedrooms with servants'quarters and a utility room.

VSBL has projects on hand worth Rs.750 cr. The project portfolioincludes two major projects and a clutch of small ones in Chennai. Ithas already bought land worth about Rs.120 cr. for executing variousprestigious residential-cum-commercial projects. It has also approvedthe scheme of amalgamation with Akash Housing subject to necessaryapprovals. VSBL has signed an MoU for Rs.200 cr. joint venture.

Last week, VSBL announced the issue of 1.9 cr. warrants to thepromoters that could be converted into as many shares within the next18 months at a conversion price as Rs.56 per share.

Because of the rising need for residential complexes in urban areas,fuelled with higher disposable incomes, the demand for quality housinghas gone up. Long-term investors have also started investing in manymid-cap real estate stocks, which may soon turn into large caps incoming years.

If the half-year trend is anything to go by, VSBL is likely to end FY07with a net profit of about Rs.12 cr. to yield an EPS of Rs.10. Withmajor housing projects in hand its EPS could increase to over Rs.18 forFY08.The shares of VSBL are currently traded at Rs.79.65, discountingits estimated EPS of Rs.10 by just 8 times against the industry averageP/E of 44. The share is likely to appreciate by more than 50% in about3 to 6 months. The share is currently at its 52-week high while the lowwas Rs.23.

Best Bet - Investors can buy it with a price target of Rs.160 (75% return) in 15�18 months

Stock Market India — 2006-12-03T22:53:15-08:00

Best Bet - Albert David (Code:524075) Rs.90.60

Incorporated in 1938, Albert David Ltd. (ADL) is a leading fast-growingand professionally managed pharma company in East India. Its corecompetency lies in the manufacture of bulk drugs, specialtyformulations, herbal/ayurvedic products, disposable syringes &needles and intravenous (IV) solutions. In fact, it pioneered the useof FFS (form, filled & sealed) technology in IV Fluids & HumanPlacenta extract therapy in India. It has strong presence in variousdrug therapeutic segemnts like Immunomodulators, Vitamins &Nutritional Supplements, NSAIDs, Apetite Stimulants, Liver Protectives,Anti-Ulcerants, Laxatives, Anti-Arthiritic Preparations, MuscleRelaxants, and Adaptogenics to name a few. New formulations ingynaecology, gastroenterology, anti-diabetics, cardio-vascular,vitamins, anti-ulcer, anti-inflammatory and haematinics are also underconsideration.

ADL has manufacturing facilities in Kolkata, Ghaziabad and in MadhyaPradesh, which are WHO GMP certified and accredited to ISO and/or USAFDA. It has technical collaboration with the world's largestmanufacturer of amino acids, Ajinomoto Co. Inc. of Japan and withRoussel Morishita of Japan for manufacturing and marketing a wide rangeof crystalline amino acids, infusion solutions, oral solids and liquidsin India. It has a well-organised and well-connected distributionnetwork comprising over 1,25,000 retail outlets, 1600 stockists and 15Sales Depots spread across the country backed by a 400+ highly trainedand dedicated marketing team. Besides, its products are exported toVietnam, Russia, Belarus, Egypt, Bangladesh, Kenya, Tanzania, Uganda,Sudan, Ethiopia, Nigeria, Zaire, Haiti, Brazil, Canada, USA, UK,Netherlands and Germany. Notably, some of its drugs are alreadyapproved by US FDA, UK MCA and European Council and it has DMFregistration for bulk drugs like Tolbutamide and Chlorpropamide.

Last fiscal, ADL upgraded and expanded its Ghaziabad facilityincreasing the installed capacity for IV fluids to meet the robustdomestic and overseas demand. Besides, it has already incurred aroundRs.17 cr. to modernize and expand its other plants which are expectedto be completed this year. In 2006-07, ADL has plans to launch some newproducts such as 'Siocare' (a gynaecological herbal product),'Placentrex Cream' (human placenta extract for wound management),Drotaverine Tablets & Injectables (for management of smooth musclespasm & colic pain) and a range of Cough Syrups for productive& non-productive cough for adults and children in its productportfolio.

For FY06, ADL's sales were up by 25% at Rs.117 cr. and net profitincreased by 75% to Rs.7.50 cr. For H1FY07, while sales grew by 10% toRs.74 cr., net profit zoomed up 80% to Rs.10.70 cr. due to thewrite-back of depreciation. Interestingly, its profit margin improvedby 300 basis points to 17% from 14% last year. Hence for FY07, it mayreport sales of Rs.150 cr. with net profit of Rs.11.25 cr. excludingextraordinary items. This would work out to an EPS of Rs.20 on itsequity of Rs.5.70 cr. If we include the depreciation write-back, thenthe EPS bloats to around Rs.28. With its 52-week high/low atRs.144/Rs.62, the ADL scrip has the potential to hit a new high.Investors can buy it with a price target of Rs.160 (75% return) in15�18 months.

Best Bet - Company is trading extremely cheap and can easily shoot up by 50% in 6-9 months

Stock Market India — 2006-12-03T22:52:02-08:00

BEST BETS - Aftek Ltd. (Code:530707) Rs.53

Established in 1986, Aftek Ltd. (erstwhile known as Aftek Infosys Ltd.)is a technology-driven company offering Intellectual Property (IP)based products, solutions and services. It specializes in enterprisebusiness management with core competency in communication arena. It hasdeveloped and acquired a huge wealth in terms of IP and is reaping richdividends now. Its flagship software product called 'Powersafe' hasbeen well-accepted in the international market. Powersafe is agold-certified CA smart solution basically used in energy management asit integrates UPS networks with e-business management frameworks likeCA Unicenter, HP Openview etc. Its electronic ticketing machinescoupled with its 'Depot Manager' software fetched excellent responsefrom public and private road transport organization especially inEurope. Its Digital Home Gateway revolutionised the housing industry bycatering to security, safety, automation, entertainment, informationand communication. It also has user friendly solutions for industryautomation like material handling and access management and marketshi-tech products like Wireless gateway black box, VOIP-PSTN gatewaydevice and small applications like prescription writer, panel simulatoretc.
Aftek among the few Indian companies to specialise in AutomotiveTelematics Embedded Technologies, which is a next generation technologyand impacts all aspects of the automotive user experience fromhuman-machine interface, navigation, mapping, traffic information,safety and security aids, mobile internet to remote vehicle diagnosticsand control. The company already provides these services to BMW � oneof the world's biggest and most prestigious automobile manufacturers.Presently, it is working on development of Consumer Portal forresidential, commercial and industrial consumers, which will act as anintelligent meter and besides measuring the electricity consumption, itwill proactively manage the load on the grid in terms of lighting,heating, ventilation, air-Conditioning based on the pre-determinedpolicies and real-time conditions like load on power grid, ambienttemperature, power price, etc. Also since last one year, it isdeveloping software called SEPA (Search Engine Performance Advertising)which is state-of-the-art, cutting edge search technology for sponsoredlinks. Incidentally, Aftek is the only Indian company being selected asone of the 200 companies world-wide for innovation, technology,financing and entrepreneurial activity by Red Herring - a renownedUS-based media company.
Apart from its organic growth, Aftek is betting big inorganic growthtoo. It has a wholly-owned subsidiary in the USA called Opdex, whichfocuses on Energy Management space. Arexera Technologies GmbH is also awholly-owned subsidiary in Switzerland which specializes in ECM(Enterprise Content Management) and offers a suite of products forUnstructured Data Management. Importantly, via Arexera, Aftek holds 33%stake in Seekport which is the third largest search engine after Googleand Yahoo in German language apart from being very popular in French,Italian, Spanish and English. It will also be available in Arabic andsome Indian languages in the near future. Aftek has a 25% stake inDigihome, which specializes in the Intelligent Home Management market.It also holds nearly 17% in V-Soft, which handles marketing and salesof the company's professional services in North America. It also has astrategic 15% stake in Elven, a specialized player in ASIC (ApplicationSpecific Integrated Circuit) and FPGA (Field Programmable Gate Array)technologies in the VLSI (Very Large Scale Integration) space. Thesecompanies use Aftek's intellectual properties and/or professionalservices and thus bring significant value to the company.
Financially, Aftek is debt-free and cash rich company. As on 31stMar.'06, its cash holding was a whopping Rs.330 cr. (including Rs.75cr. of unutilized FCCB money) whereas its current market cap is aroundRs.475 cr. only. Its strategic investment in other companies includingArexera stands at Rs.118 cr. It has massive reserves of Rs.460 cr.against its small equity of Rs.17 cr. leading to a book value of Rs.56.Last fiscal, the company raised around Rs.160 cr. by allotting 3450FCCB of US $10000 each to fund an acquisition. Of these, 2270 FCCBshave been converted into equity shares at Rs.94 per share whereas thebalance 1180 will be converted at the revised conversion price of Rs.75per share. Interestingly, possibly to increase their stake, thepromoters have allotted 37 lakh share warrants to themselves to beconverted at Rs.120 per share and they have already paid 10% of theamount. For FY06 ending 31st Mar.'06 (9 months only) it reported salesof Rs.193 cr. with net profit of Rs.67.50 cr. For H1FY07, its toplinegrew by nearly 30% to Rs.155 cr. and profit increased by 55% toRs.59.50 cr. Hence for the full yearFY07, it may clock a turnover of Rs.325 cr. with net profit of Rs.108cr., which works out to an EPS of Rs.11 on its fully diluted equity ofRs.19.50 cr. Thus this company is trading extremely cheap and caneasily shoot up by 50% in 6-9 months. Buying is strongly recommended atCMP.

BUY Recommendation - 40% Returns are achievable in long term

Stock Market India — 2006-12-03T22:29:34-08:00

Moser Baer India Ltd.

Moser Baer India Ltd (MBIL) is the 2nd largest producer of opticalmedia in the world. Incorporated in 1983, headquartered in New Delhi,it has a robust product range of CDs and DVDs. It is a cost leader anda supplier to all top 12 OEM producers in the world. The company hasinvested in next generation technologies like HD DVD and Blu-Ray Discand patented proprietary processes and technologies. Leveraging itscore strengths of optical business, the company has diversified intoPhoto Voltaic Industry.

Optical media shipments are expected to grow to 27 billion units by2008 from 17 billion units in 2005. MBIL is well positioned to capturethis growth. The company hopes to increase its market share to 20% fromthe present 17%. MBIL is a cost leader in existing formats like CDR /RW and DVD / RW. India is a large captive market and is experiencingfastest growth in the world in this segment.

MBIL has also invested in proprietary processes and technologies fornext generation formats like HD DVD and Blu-Ray discs. This nextgeneration optical media formats are likely to provide a uniqueprice-value proposition to consumers, which could be extremelydifficult for alternate technologies to meet. Its expertise of theseformats, before they become commercial, offers significant competitiveadvantage.

MBIL became the first player in the world to commence shipments of HDDVD-R media to its select global top-tier OEMs customers. Additionally,in a major breakthrough, the company's proprietary and patentedtechnology has been considered as one of the four standard media to beincluded in the Blu-ray disc specifications by the Blu-ray DiscAssociation. If it were to become an industry norm in commercializationphase, it expects to receive a sizeable amount in the form of royaltyevery year.

Optical media industry is emerging from an 18 month down cycle.Unexpected rise in Polycarbonate prices, which makes up for around 70%of the optical media manufacturing costs, affected fortunes of alloptical media manufacturers last year. The Polycarbonate priceenvironment is expected to remain subdued in the near term on back ofincreasing supply. GE Plastics, the US petrochemicals major, andChinese energy major PetroChina are to jointly build a polycarbonateplant in China.

Significant number of CD-R manufacturers either converted their CD-Rcapacity to DVDR or exited the market last year due to the low profitmargins. This contributed to the CD-R capacity shortage. MBIL'sstrategy of focusing on CDR paid off as the price started normalizing,and the company is now the largest CDR manufacturer globally.

DVD business was the key growth driver and the company has increasedcapacities from 600 million at the beginning of the fiscal to nearly 1billion towards the end. DVD business accounted for 20% of the revenuesin 2005, and has grown close to 50% now. During FY06, MBIL spent Rs388.1 Cr to expand its capacity to 2.8 billion units per annum. Amajority of these investments were made in the DVD format, and in nextgeneration technologies.

The government recently imposed an anti-dumping duty ranging from Rs2.24 per unit to Rs 4.20 per unit on import of compact discs recordable(CD-R) from China, Hong Kong, Singapore and Taiwan. Considering that anaverage price of a CD-R from China is about Rs 3.50, the additionalduty would peg the new price of the CD-R at over Rs 7 per unit. As perindustry estimates, the current annual demand for CD-R in India isabout 800 million units, of which the Indian manufacturers account for50%. While 20-25% of this demand is driven by IT applications, thebalance is accounted for by music and film industries.

Leveraging on its core strengths of chemical processing, thin filmcoating and nano-etching, the company diversified into Photo VoltaicSpace. PV business offers a high growth opportunity, with significantentry barriers at a relatively low capital investments. The PV businessopportunity is expected to increase from USD 6 bn in 2006 to USD 40-50bn by 2010 and MB is targeting to be a leading player in this businessin three years.

In October 2005, the company established Moser Baer Photo VoltaicLimited (MBPV), a wholly owned subsidiary for the purpose. Theproduction is expected to start in early 2007. Phase 1 will have 40 MWcapacity, and the capacity is expected to reach 80 MW by end 2007.

MBPV, as a part of strategy, decided to take exposure in all evolvingtechnologies in PV space at an initial outlay of Rs 315 Cr. MBPV hasacquired a significant minority stake in Stion Corporation, ananostructures technology company based in California, formerly knownas NStructures. The technology involves leveraging and optimizing theexisting advanced technology for nanoparticles, specifically for thegeneration of electricity from solar energy.

This investment follows equity participation in two other solarconcentrator technology companies, Solaria and SolFocus, announcedpreviously. The solar concentrator technology holds significantpotential to expand the global market and applications, which today arerestricted due to the high cost of silicon based systems with respectto conventional energy.

A key highlight of the quarter is the sharp improvement in operatingprofitability driven by a firm pricing environment and impact offalling prices of poly carbonate. Consequently, EBITDA margin,excluding other income, have expanded sharply by 737 basis pointsduring the quarter to 26.6% (28.3% with other income). The company hadset a target of releasing USD 40 mn of cash from working capital inFY07. In H1FY07, the company has been able to release around USD 10 mnof cash from working capital through efficient inventory control andreceivables management. The company remains confident of meeting thistarget.

Poly carbonate costs, which account for 70% of the input cost, havedeclined, which resulted into higher EBIDTA margins. Increasing supplyis likely to reduce prices further by 10% in the coming quarter. Onaccount of any unforseeable event, if Poly carbonate prices rise fromthe current levels, it can affect the company's financials adversely.

In our projection, we have taken into consideraton profits from PhotoVoltaic Project in FY07. Any delay in implementation of the projectwill result into lower profitability.

The company recently launched USB Flash Drives. According to industryestimates, along with optical media, the USB flash drives are thefastest growing segment in the portable storage market. The Indianmarket for flash drives has grown from 100,000 units in 2004-05 to over900,000 units in 2005-06.

Moser Baer is a cost leader in optical media technologies. The companyhas witnessed 7 year CAGR of 49% in revenues and 40% in EBITDA. Thecompany is now emerging from the investment phase and hopes to generatesignificant Free Cashflow from this year onwards. It comands aleadership position in existing media market of CD Rs and DVD R/Ws,where India is a large captive market and is also witnessing fastestgrowth. Government's decision to impose anti dumping duty on Chineseand other Asian manufactures augurs well for the company in the nearterm. Its proprietary and patented technologies of future media like HDDVDs and Blu Ray discs are likely to sustain its competetive advantagein future also. Leveraging on its existing competitive strengths, thecompany's foray into Photo Voltaic cells offers a high growthopportunity, with significant entry barriers at relatively low capitalinvestments.

At CMP of Rs 263, the stock trades at9x our estimated FY08 earnings of Rs 30 per share. We recommend longterm investors to BUY the stock with a target of Rs 370 (12x FY08Eearnings) in 12 to 15 months.

BUY Recommendation - Stock is available at a substantial discount to its peers

Stock Market India — 2006-12-03T22:28:22-08:00

Murudeshwar Ceramics Ltd (MCL)

MCL established in 1983 by R N Shetty and Associates is the pioneer andleading player in the vitrified tile segment. MCL sells it tiles underthe brand name Naveen Diamontile and has a market share of about 30% inthe vitrified tile segment. MCL manufactures two main products -Vitrified tiles and Ceramic tiles, both of which have variedapplications and enjoy strong demand on the back of enhancedconstruction activity. Though MCL's sales are spread across thecountry, it mainly concentrates on the southern region. MCL hasrecently expanded its capacities for vitrified tiles (from 4.5 mn sqmeter to 6.3 mn sq meter) and ceramic tiles (from 3.6 mn sq meter to7.2 mn sq meter), thereby taking the combined capacities to around 13.5mm sq meter per annum.

The rapid economic growth, increasing disposable incomes and lavishlifestyle habits leading to a boom in the housing, hospitality andconstruction sectors have fueled the growth for the ceramic andvitrified tiles. The Indian retail scenario is set for a quantum leapwith newer names set to dot the retail landscape. Pantaloon's ambitiousplans to triple its total retail area to 6.5 mn sq. ft. by FY08,Reliance Industries' US$ 5.6 bn retail foray, and the recent BhartiEnterprises-WalMart's plans to set up hundreds of stores across thecountry are expected to drive the growth of the Indian tiles sector.MCL's institutional sales comprises about 60% of its total sales basketand includes major customers such as Infosys, Wipro and other corporatelike L&T, IOC, Reliance Industries and other large hospitals,airports and malls. MCL, with a strong presence in the institutionalsegment, is well poised to gain from the demand for office and retailspace.

MCL concentrates on the southern region, which accounts for 70% of itstotal sales. MCL has a market share of 12% in the overall Indian tileindustry, and more than 30% share in the vitrified tile segment. Whilein the south (the hub of the IT and ITES industry and the fastestgrowing market for vitrified tiles) MCL commands an astounding 60%market share in the lucrative value-added vitrified tile segment. MCL'sstrong footing in the south is also supported by freight cost savingsarising from the locational advantage of its manufacturing facilities.

MCL has been able to command the highest operating margins of over 30%in the tiles industry due to the higher price realizations from thevitrified tile segment, which constitutes around 95% of its totalsales. MCL has its own quarry and processing unit for china clay (themain raw material) and also owns the processing unit for Feldspar(another major raw material). MCL has also entered into an agreementwith GAIL for supply of 24,000 scmd of natural gas for its Kariakalplant, which is significantly cheaper than LPG, giving it the costadvantage vis-�-vis its competitors. Also the use of superior processeslike the single firing technology from SACMI (of Italy) and the dryprocess manufacturing technology has enabled MCL to further drive downpower and fuel costs. In addition to the lower raw material and fuelcosts, MCL also enjoys sales tax holiday for 10 years and income taxholiday for 5 years. Post the capacity expansions, we expect theproportion of low value ceramic tiles to increase leading to a slightfall in MCL's operating margins to around 25% - which is still higherthan its competitors who average around 16-20%.

MCL has recently expanded its capacity in the vitrified segment fromthe existing 4.5 mn sq meter per annum to 6.3 mn sq meter per annum andhas doubled its ceramic tile capacity from 3.6 mn sq meter per annum to7.2 mn sq meter per annum. These expansions are expected tosignificantly enhance revenues and bottomline from the latter part ofFY2007.

Concerns

o Any downturn in the construction sector is bound to dampen revenuesfor the tile industry as it is derives a chunk of the business from therealty space.
o Cheaper imports from China may lead to lower realizations affectingthe operating margins. To neutralize dumping, Govt. of India hasimposed anti-dumping duty on vitrified tiles imported from China forfive years from May 2002 until 1st May 2007.

Net Sales moved up to Rs 62.1 Cr in Q2FY07 from Rs 45.8 Cr in Q2FY06(Growth of 35.6% YoY and 32.4% QoQ). Net Profits also rosesignificantly by over 46% (YoY) to Rs 8.4 Cr from Rs 5.8 Cr, inlinewith the increasing turnover. Sequentially, net profits were up by8.8%. MCL has been able to sustain its operating margins at around 31%.The growth in turnover by over 35.6% resulted in corresponding increasein the operating profits by over 39% to Rs 19.4 Cr, compared to Rs 14Cr during the corresponding quarter of the previous year.

The full benefit of the capacityexpansions are expected to flow from FY2008 onwards. At the currentmarket price of Rs 116, MCL trades at a P/E of 5x its annualized Q1FY07earnings of Rs 22. Considering that MCL is the leader in the highlylucrative vitrified tile segment, enjoying a lion's share of the marketin Southern India, we believe that MCL is available at a substantialdiscount to its peers, which trade in the range of 15-19x and recommenda BUY on this scrip.

Capita Telepholio recommends buy call

Stock Market India — 2006-12-03T22:25:49-08:00

BUY : International Combustion (India) at Rs 328
BSE Code : 505737
NSE Symbol : Not listed
Market Lot : 1

International Combustion is a leading player in geared motors, material
handling equipment and other heavy engineering items. Besides catering
to surging domestic industrial capex, the company is now set to
capitalise on its foreign tie-ups for exports as well

Actual EPS for March 2005 : Rs 9.2
Actual EPS for March 2006 : Rs 24.1
Projected EPS for March 2007 : Rs 37.7

SHORT TERM BUY CALL

saleembasha_m — 2006-12-03T22:01:38-08:00

BUY UTTAMSUGAR @ 135-140 SL 120 TARGET 190+

For a holding period for one to two months
Right now this scrip is at its 52 week low and sugar sectors expected to perform well in the coming weeks

Assured calls for short term Return

saleembasha_m — 2006-12-03T21:33:04-08:00

BUY ASHOKLEY @ 42-43 SL 40 TARGET OF 50+
BUY PETRONET @ 51-52 SL 49 TARGET OF 60+
BUY DCB @ 55-57 SL 52 SHORT TERM CALL
BUY BSELINFRA @ 55-57 TARGET 65+
BUY IFCI @ 12-13 SL 11 TARGET 15+

You can see 15000 definitely in next 20 days

Asif Ahmed Farooqui — 2006-12-02T23:35:41-08:00

You can see 15000 definitely in next 20 days

Market will climb at least 1000 points before it exhaust. You can see 15000 definitely in next 20 days. There are many small and mid cap stocks which are giving bullish signal on charts. Indices are holding bullish momentum stay long on indices.

A/D line starts moving up. Now you are seeing a good bullish momentum in Small and mid cap stocks. Soon it will be go wild in few trading days hitting upper Circuits and upper Circuits. Wait for the best to come.

Posted by Asif Ahmed Farooqui analyst at Managefolio. Find this and more on our website www.managefolio.com

Short Term BUY Recommendations from Stock HiFi

HiFi — 2006-11-30T19:03:48-08:00

SCRIP	RECOM. DATE	RECOM. RATE	YESTER. CLOSE	TARGET	STOPLOSS	REMARK	GAIN/ LOSS
BUY AMTEK INDIA	HIGH RISK HIGH RETURN	167	178.55	200	150	HOLD
BUY TATA ELXSI	HIGH RISK HIGH RETURN	255	249.85	300	230	HOLD
BUY HITACHI HOME	HIGH RISK HIGH RETURN	105	100.05	148	90	HOLD
BUY PRITHVI INFO	HIGH RISK HIGH RETURN	380	366.40	500	350	HOLD
BUY HOTEL LEELA	HIGH RISK HIGH RETURN	65	67.55	81	59	HOLD
BUY INDOTECH	HIGH RISK HIGH RETURN	230	226.50	280	214	HOLD
BUY ROLTA	HIGH RISK HIGH RETURN	259	255.90	320	245	HOLD
BUY ARCHIES	HIGH RISK HIGH RETURN	185	180.00	240	169	HOLD
BUY CONCOR	HIGH RISK HIGH RETURN	2220	2120.90	3000	1990	HOLD
BUY ESSEL PACKAGING	HIGH RISK HIGH RETURN	79	81.80	110	72	HOLD
BUY BLKASHYAP	HIGH RISK HIGH RETURN	1300	1364.60	1750	1190	HOLD
BUY FINEPIPE	HIGH RISK HIGH RETURN	96.5	92.30	120	89	HOLD
BUY PRATIBHA	HIGH RISK HIGH RETURN	245	242.60	320	220	HOLD
BUY CHENNAIPETRO	HIGH RISK HIGH RETURN	208	222.10	275	195	HOLD
BUY INOX LEISURE	HIGH RISK HIGH RETURN	177	169.90	220	162	HOLD
BUY SHASUNCHEM	HIGH RISK HIGH RETURN	120	116.5	140	92	HOLD
BUY SINTEX	HIGH RISK HIGH RETURN	192	229.90	250	179	HOLD
BUY UNITED PHOS	HIGH RISK HIGH RETURN	310	322.35	395	280	HOLD
BUY JINDAL SAWPIPES	HIGH RISK HIGH RETURN	350	407.35	410	-	HOLD
BUY JBF	HIGH RISK HIGH RETURN	106	98.75	128	95	HOLD
BUY JK INDUSTRY	3 MONTH HOLD	121	142.65	175	105	HOLD
BUY CROMPTON GREAVES	HIGH RISK HIGH RETURN	250	266.50	310	234	HOLD

Keep track of these stocks for high returns like 50%-100% but very high risk

Stock Market India — 2006-11-30T18:55:45-08:00

INFORMED GOSSIP - HIGH RISK / HIGH RETURN

� JUBILIANT ORGANOSYS ( Rs.254) is expected to reach the level of Rs.350 in the next six months. Keep track of its price movements.

� THERMAX ( Rs.381.20) is expected to come out with extremely good numbers for the next two quarters also and the stock is being accumulated by a big operator from Mumbai. The expected price target is Rs.500 in a period of six months.

� ASIAN CERC ( Rs.127.10) is expected to reach the level of Rs.250 in the next nine months. Keep track of its price movements

Short Term Low Risk Investment - 15-20% Gains expected

Stock Market India — 2006-11-30T18:48:52-08:00

HOLDING PERIOD � ONE MONTH to THREE MONTHS
EVEREST KANTO
Present Price � Rs.550
Projected Price � Rs.650 plus

Everest Kanto is a major player in high pressure seamless steel gas cylinder industry. EKC manufactures wide range of cylinders for industrial gases, medical gases, fire fighting equipments, beverage industry, accumulator shells, aerospace, scientific research, CNG-NGV cylinders for vehicles etc. The company also manufactures storage cylinders cascades complete with fittings and accessories for CNG and other industrial use. The company does not manufacture cooking gas cylinders. The company currently has 90% market share in domestic market. Also cylinder market is regionally concentrated and percentage of imports is low. This creates a monopolistic situation for the company. Also there are stringent regulatory pressures, which create entry barriers for new entrants. On the technical front, the stock is in a strong uptrend and is likely to move up from current levels.

BUY Call Recommendation by Capita Telepholio for this week

Stock Market India — 2006-11-29T15:17:02-08:00

BUY : Savita Chemicals at Rs 485
BSE Code : 524667
NSE Symbol : SAVITACHEM
Market Lot : 1

Savita Chemicals is one of the largest players in transformer oils and
a key player in white oils used in FMCG industry. Strong growth in
power sector and in turn the transformer industry augurs well for the
sustained high growth of the company. The scrip is available cum 2:3 bonus.

Actual EPS for year ended March 2005 : Rs 33.7
Actual EPS for year ended March 2006 : Rs 42.8
Projected EPS for year ended March 2007 : Rs 56.5

Sharekhan Gives BUY Recommendation with target 40% Gains

Stock Market India — 2006-11-28T21:15:30-08:00

STOCK IDEA

Indo Tech Transformers
Cluster: Ugly Duckling
Recommendation: Buy
Price target: Rs280
Current market price: Rs199

Powered by power reforms

Key points

The fortunes of Indo Tech Transformers are all set get transformed,thanks to India's mission to achieve power for all by 2012. As part ofthis programme the government plans to almost double the country'sinstalled power generation capacity from 115,000MW to 200,000MW by theend of the 11th Five-Year Plan.

This initiative is expected result in an additional demand of around570,000MVA of transformer capacity over FY2005-12 or of 80,000MVA peryear. Another 15,000MVA of demand is expected from the replacementmarket every year, leading to a total annual demand of 95,000MVA. Thatis a huge opportunity for the transformer industry whose annualcapacity stands at a mere 75,000MVA.

Indo Tech already stands to gain from this opportunity, as it has builta strong relationship with the SEBs in the south over the years. Now tomake the most of this demand explosion, it is tripling its capacityfrom 2,450MVA to 7,450MVA.

Indo Tech has signed an MoU with DuPont (USA) to set up a 100MVA plantto manufacture dry-type transformers for industrial and corporatecustomers. These transformers are higher in realisation and installedin the basement of hotels, IT parks, malls etc. We believe this willfurther boost the top line of the company.

As a result of these initiatives we expect its revenues and net profitto grow at CAGR of 52% and 49% respectively over FY2006-08E.
At the current market price of Rs199, the stock is quoting at 8.6x itsFY2008E EPS and 4.8x its FY2008E EV/EBIDTA. Considering the futuregrowth potential of the company and the stock's attractive valuations,we recommend a Buy on the stock with a price target of Rs280.

Buy Call - Two quarters of strong performance and good order pipeline

Stock Market India — 2006-11-26T19:21:03-08:00

Polaris has undergone a painful restructuring into aproducts-cum-services player. Two quarters of strong performance andgood order pipeline are encouraging.
Investors with a penchant for risk can consider taking exposure inthe Polaris Software Lab stock with a one/two-year perspective. Twostraight quarters of robust financial performance with a sharp jump inoperating margins, good pipeline of business across Tier I/II globalbanks, and reduced dependence on Citigroup, its largest client, lendconfidence to the stock.
At the same time, the company remains exposed to risksarising from heightened competition in the banking products space,product acceptance, efficacy of its cross-selling capabilities acrossthe banking and financial services space and execution issues on largeprojects. At the current price levels, the stock trades at aprice-earnings multiple of 14 times its likely per-share earnings for2006-07 on a conservative basis.
PAINFUL RESTRUCTURING

Since its merger with Orbitech in 2003, Polaris has passed through a troubled phase in restructuring its overall business model.
Its transition from a pure software services player to a hybridmodel focussed on product-cum-services catering to the banking,financial services and insurance (BFSI) industry has been a slowprocess, with the first signs of turnaround evident in its financialperformance and order pipeline.
In terms of structural changes to the business model, Polarishas created six sub-verticals within the BFSI space, which are: Retailbanking and credit cards; consumer finance and mortgages; insurance;capital market and wealth; corporate banking and cash; and enterprisesolutions and mainframe.
Around this, Polaris has created three distinct growth engines, as spelt out in the 2005-06 Annual Report:
Intellect product (its core suite)-led services, in which it hassecured business wins from clients in the UK, West Asia, Latin America,Australia and Nordic region.

This is likely to be a high-margin business as it is IP-led playing to the strengths of its core products suite.
Domain-led services, which will be used to secure business fromWall Street Banks such as JP Morgan Chase or Bear Stearns. Generally,projects or solutions that are bagged on the strength of verticalexpertise typically enjoy a reasonably high margin.
The senior management of Polaris has indicated that for2005-06, 10 per cent each of the revenues can be categorised asintellect-led and domain-led services. As these two services startcontributing more to revenues in the coming years, the operatingmargins and bottomline will expand significantly.
Application Maintenance services are typically the low-margin business, which are likely to come under greater pressure.
IMPROVED FINANCIALS

For the first half of 2006-07, Polaris' financial performancehas turned out to be quite impressive. Not only did the company log twosuccessive quarters of double-digit sequential revenue growth, itsoperating profit margins have also perked up. At 15.5 per cent in thefirst quarter-ended June 30 and 17.9 per cent in the secondquarter-ended September 30, the operating profit margins were three andfive percentage points higher than the same period in the previousyear.
This is encouraging, as it creates the prospect of pushing upmargins to 20 per cent in the coming quarters. As the Asia-Pacificregion contributes over 30 per cent of its revenues, margins are lower.With rising contribution from Europe and the US, the overall marginpicture may start moving northwards. For instance, in the latestquarter, the onsite billing rate per hour in Asia-Pacific was $41.5compared to $68.3 across Europe and the US.
ORDER PIPELINE

The company's efforts in strengthening its sales and marketingorganisation over the past year are beginning to pay off. As ofSeptember 30, the company has 53 large global banks as its customers,comprising 15 AAA accounts (with revenues of $ 10 million or more), 14AA ($5 million to $ 10 million) and 24 A ($ 1 million to five million).
These suggest the good client mining potential from these customeraccounts. In the latest quarter, the company added 14 clients,including three global banks. Recently, the company inaugurated aspecialty centre for technology solutions for the investment bankingindustry called `Capital' in Hyderabad. Seven out of the top 10investment banks are the customers of Polaris serviced through thiscentre.
The contribution from Citigroup as its single largest clienthas been coming down steadily. In the latest quarter, Citigroupcontributed 48.7 per cent of revenues, down from 51.7 per cent in thefirst quarter and 57.7 per cent in the corresponding previous period.
The contribution from the high-margin intellect-led businesshas also been going up. It contributed 16.65 per cent of overallrevenues in the second quarter, up from 14.9 per cent in the previousquarter.
The robust order-book creates scope for this contribution toincrease steadily in the coming quarters, with an improvement in itsoverall margins.

Technical Analysis and recommendation of nine stocks for short term and mid term

Stock Market India — 2006-11-26T19:16:25-08:00

Agro Dutch Industries (Rs 24.7): This stock is in a long-termdowntrend. It has not been able to recover from the slide it witnessedsince October 2005. The stock is currently reversing after hitting its200-day moving average positioned at Rs 29. A small spike was witnessedon Friday, which can take the price to Rs 27 or Rs 29. Exit in thisrally if you are a short-term investor. Long-term investors can holdthis stock with a stop at Rs 22. A breakout past Rs 30 is required totake the price towards Rs 36 and then Rs 41.
State Trading Corporation (Rs 158.6): This stock is moving in abroad range between Rs 70 and Rs 200 since 2001. Short-term resistancefor this stock exists at Rs 160. This level needs to be breached forthe stock to rally to its previous highs of Rs 212. The narrow rangebound moves seen since September is encouraging. An upward breakout ispossible. So hold the stock with a stop at Rs 135.

Bharat Forge (Rs 376.9): The movement of Bharat Forge since lateJuly can be fit in to an upward moving channel that has the upperboundary at Rs 425. That is the target for this stock over themedium-term. Hold with a stop at Rs 345. If Rs 345 is breached, thestock can head lower towards Rs 320.
Suzlon (Rs 1474.6): When the price was at Rs 954, we had analysed Suzlon, asfollows: The momentum is picking up in both the daily as well as theweekly chart of Suzlon since it formed a higher bottom at Rs 910.Long-term investors can hold with a stop-loss at Rs 750. Buying in dipsis also recommended with the same stop-loss. Price can move to Rs 1,400or Rs 1,500 in one year's time. The price has already achieved the long-term target set outby us. If the momentum continues, the scrip can head upwards towards Rs1,942 and then Rs 2,167. Fresh buying can be made at this point with astop at Rs 1,370.
Geometric Software (Rs 115.4): A study of the volumes ofGeometric Software reveals that maximum interest was displayed by theinvestors in this stock in 2002 and 2003. The trading interest ispicking up slightly since October this year. The stock has been moving in a range between Rs 80 and Rs 130since September 2005. It has made three attempts to get past the highof Rs 130 since then. Entry at this level is not recommended, as theprice is positioned near the upper end of the range. Wait for a closeabove Rs 140 before going long with a target of Rs 172 and a stop at Rs225. Polyplex Corporation (Rs 114.6): This stock had lost 70 per cent from the high of Rs 279 made in September 2005. The recovery seen since June lacks conviction. Long-termsupport for the stock exists at Rs 100. Exit the stock if Rs 100 isbreached. Price would have difficulty rising above Rs 170 in the nextthree months.
Jyoti Structures (Rs 128.8): This stock has made a stunning recovery from the July lows of Rs 59. Chart patterns suggest consolidation taking place at higherlevels. Once the resistance at Rs 130 is breached, we can see a rallyto Rs 175 or Rs 185. Hold the stock with a stop at Rs 108. Fresh longscan also be initiated here with the same stop.
Everest Kanto (Rs 503.5): This stock has been one of the stronger performers in the post-June rally in the mid-cap stocks. The price scaled a new all-time high of Rs 518 in lateSeptember and since then there has been a consolidation in a narrowband between Rs 460 and Rs 520. Positions can be taken in this band with a stop at Rs 450. The price has the potential to move upwards to Rs 608 and then to Rs 703 over the next one year.
Gokaldas Exports (Rs 629.7): This stock is moving in a bandbetween Rs 600 and Rs 700 since September. Since this move comes aftera sharp upward move from Rs 452, it can be construed as a consolidationmove with an impending upward thrust to Rs 800 or Rs 850 over the longterm. For the short term, the price will face resistance from thezone between Rs 660 and Rs 700. Fresh positions can be initiated isdips with a stop at Rs 580.
Source

BUY Call - While business outlook remains strong, containing costs will be the key to determining earnings growth

Stock Market India — 2006-11-26T19:10:26-08:00

While business outlook remains strong, containing costs will be the key to determining earnings growth.
Healthy business growth, improving asset quality, a relativelyde-risked bond book, and undemanding valuation lend credibility to theVijaya Bank stock. Investors can consider fresh exposure to the stock at theits current price of Rs 53 with one/two-year perspective.
Insipid performance of the bank until last year is one of the reasons for the poor valuation of athe stock.
While net interest income has remained under pressure, bad loans piled up.
However, things are gradually changing now. Through a sharperfocus on recoveries and stricter credit monitoring, Vijaya Bank hasbeen able to bring down the level of net non-performing assets (NPAs)to 0.6 per cent in September 2006 against 1 per cent a year ago.
Further, the bad loan coverage ratio has also improved from 68.1 per cent a year ago to 78.5 per cent now.
This, coupled with excess floating provisions of Rs 30 crore(or 30 per cent of the net NPAs), is likely to provide cushion to thebank in case of loan delinquencies. This is also likely to keepprovisioning charges lower over the next few quarters.
Business outlook
For the September quarter, the bank recorded a healthy 24 per centgrowth in business volumes. Its business reached Rs 50,000 crore sixmonths ahead of the target date, and the bank has set a goal of Rs60,000 crore to be achieved by FY-07.
While its loan book has grown by about 25 per cent, pressureon margins still persists. The bank's cost of funds rose by about 30basis points in the September quarter, affecting its net interestmargins (NIMs).
Though yields on advances have improved, rising deposit costsalong with a marginal fall in low-cost deposit base have resulted inNIMs declining by about 22 basis points. At 3.12 per cent, NIMs arestill healthy and on a par with industry average.
Containing costs is likely to be a key element in determiningearnings growth and, thus, holds greater significance. For Vijaya Bank,various technology-based initiatives are likely to help bring down theoperating cost. The bank also has the leeway to re-deploy its excessinvestments in SLR in its loan book; this is expected to improve itsmargins over the medium term.
With the bank's credit at 61 per cent of deposits, there isstill headroom to increase its loan book. If this happens, margins andprofitability are likely to improve.

Investment portfolio
The bank's investment portfolio appears largely insulated frominterest rate risk. This is because over 70 per cent of its holdings ingovernment securities are under the held-to-maturity (HTM) category.
The continuing decline in bond yields this quarter is likelyto have a positive effect on its bond book in the coming quarter ortwo.
At its current price, the stock quotes at a price-to-bookmultiple of 1.3 times against 1.5-1.6 times for most other publicsector banks. The return on shareholder funds has improved sharply to20 per cent.
The bank is likely to generate and sustain return onshareholders' funds in the 15-18 per cent range over the next year ortwo. This appears healthy and is enough to support the valuation of thestock and provide a cushion on the downside.

Capita Telepholio Suggest Very Good BUY Call - Check out

Stock Market India — 2006-11-24T07:35:49-08:00

BUY : Honda Siel Power at Rs 167
BSE Code : 522064
NSE Symbol: HONDAPOWER
Market Lot: 1

A 67% subsidiary of Honda, Japan, Honda Power is a leading player in
portable generator sets. Through higher indigenisation, cost control and
better market grip due to upturn in demand and reduced competition due
to stricter compliance norms, the company is set to substantially
improve its profitability. With more than half of its high book value of Rs
150 parked in bank deposits, the company can give a very liberal
dividend and/or go for buyback.

Actual EPS for March 2005 : Rs 7.9
Actual EPS for March 2006 : Rs 10.2
Projected EPS for March 2007: Rs 16.3

Dalaal Street - Good Returns expected on upward breakout from a sideways movement - Technical BUY Call

Stock Market India — 2006-11-23T08:37:08-08:00

Everest Kanto Cylinder Buy Rs 518.55
EverestKanto Cylinder Limited (EKCL) bottomed out by posting an intra-day low of Rs190 on 15.12.05, moved sideways for quite a few trading sessions whilecontinuous support came in the form of the 289 level (support level - refer tochart) and resistance came in the form of the 55-day EMA. The scrip finallyposted an intra-day low of Rs 248.15 on 26.12.05. EKCL commenced anintermediate uptrend from here (since this stock was a new listing, paucity ofdata prevented clarity on the long-term front), struggled but eventually tooksupport on the 55-day EMA, posted a series of progressively higher tops andbottoms, started moving within the confines of an upward sloping channel,almost gave a throwover from this channel and finally peaked at an intra-dayhigh of Rs 442 on 16.03.06. The scrip almost gave a downward key reversal fromhere, couldn't sustain these levels for long, entered a corrective phase, declinedto post an intra-day low of Rs 303.95 on 29.04.06, rebounded smartly from here,posted a smart but slightly unsustainable rally to post a high of Rs 465 on17.05.06 only for the scrip to post a fresh lower bottom. Currently EKCL hascommenced an intermediate uptrend, has given an upward breakout from a sidewaysmovement, has posted a higher top, higher bottom and with the mechanicalindicators looking positive, a further upside from these levels cannot be ruledout.
Trading Pointers
Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy
Support: 519, 470 Resistance:565, 610
Targets: 1st Target: 591 2nd Target: 602 BSE Code: 532684
Stoploss: 507.00 (cls) 55Day EMA: 463.54

Dalaal Street - 35-40% Returns expected on Short Term uptrend - Technical BUY Call

Stock Market India — 2006-11-23T08:36:09-08:00

Silver Smith India Buy Rs16.03
SilverSmith India bottomed out by posting an intra-day low of Rs 10.10 on 22.12.04,moved sideways for quite a few trading sessions while continuous support camein the form of the 12 level (support area) and continuous resistance came inthe form of the 55-day EMA. The scrip finally posted an intra-day low of Rs11.57 on 11.02.05 and these levels have not been seen since. Silver Smith Indiacommenced an intermediate uptrend from here (there wasn't enough clarity on thelong term front), struggled but overcame the 55-day EMA, posted a series ofprogressively higher tops and bottoms, started moving within the confines of anupward sloping channel, almost gave a throwover from this channel and finallypeaked at an intra-day high of Rs 59.35 on 23.08.05. The scrip almost gave adownward key reversal from here, couldn't sustain these levels for long,entered a corrective phase, declined to post an intra-day low of Rs 15.15 on27.03.06, rebounded smartly from here, posted a good but unsustainable rally topost a high of Rs 31.80 on 4.05.06 only for the scrip to enter a sharpcorrection. Currently Silver Smith India seems to be on the verge ofentering a short term uptrend, has overcome the 55-day EMA and with theoscillators looking positive indicating the possibility of a further upsidefrom here.
Trading Pointers
Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy
Support: 12.75, 08.35 Resistance:16.60, 22.00
Targets: 1st Target: 19.50 2nd Target: 22.00 BSE Code: 531626
Stoploss: 012.85 (cls) 55Day EMA: 013.40

Recommendation - Expansion would drive its future volume growth and eventually the earnings growth in the long run

Stock Market India — 2006-11-23T08:34:20-08:00

Shopper's Stop Face Value -Rs 10 Buy Rs 661
Ticker: 532638 Equity: Rs 34.55 crore H/L: Rs 725/370

Shoppers' Stop and its fully owned bookstore chain subsidiary-Crosswordis on the verge of nationwide expansion. The expansion plan came upafter the company signed a MoU with Nuance Group from Switzerland toenter the Indian airport retail market. Moreover, the management isplanning to add almost 24 new Shoppers' Stop outlets to the existing19, 45 new Crossword outlets, 4 new Home Stop stores, 20 Hypercityoutlets and 40 Mother Care stores across 10 cities in the next threeyears time frame. We feel this expansion would drive its future volumegrowth and eventually the earnings growth in the long run.

During the first half of the current fiscal the company's top line grewby 37 per cent to Rs 355 crore as against Rs 259 reported in itsprevious corresponding period. Its bottom line grew exponentially by 88per cent to Rs 14.4 crore as against Rs 7.65 crore during the sameperiod. The OPM and the NPM expanded by 116 and 108 basis pointsrespectively.

Thus by considering the buoyancy in the retail sector, which is likelyto last for the next several years we feel Shopper's Stop is safely on the growth path. Hence one can enter at current levels with along-term perspective of not less than 6-8 quarters in perspective

Recommendation - Phenomenal top line as well as bottom line growth

Stock Market India — 2006-11-23T08:31:16-08:00

McNally Bharat Engg. Face Value - Rs 10 Buy Rs107
Ticker: 532629 Equity: Rs 102 crore H/L: Rs 163/67
� McNally Bharat is amongst the leading mid sizedengineering turnkey provider. It has witnessed a phenomenal top line as well asbottom line growth during the first half of the current fiscal. Further theearnings momentum appears quite sustainable owing to hectic expansion in themanufacture sector
� During the first half of the current fiscal thecompany reported a top line growth of 92 per cent to Rs 222 crore as against Rs116 crore reported in the previous corresponding period. On the other hand itsnet profit grew by 320 per cent to Rs 7.19 as against Rs 1.71 crore during thesame period. The OPM expanded by 36 basis points while its NPM expanded by 176basis points. Further, not only has the company registered growth in year onyear basis but also it has been able to grow sequentially since the last fourquarters
� The current order book position of the companystands at Rs 705 crore with an execution time of 18 months. Further a leadingdomestic rating agency- CARE recently upgraded its project execution capabilityfrom "high" to "Very high". In fact, the company is on an expansion cum diversification spree, forwhich is had raised resources through FCCB (USD 10 million) besidescontributions from the promoters themselves. As a matter of fact, the promotersthemselves have taken equity warrants close to Rs 140, which is significantlyhigher than the current market price. Thus by looking at the overall basis wefeel that the investors with a long-term horizon of the next 6-8 quarters inthe perspective can invest at current levels

Quick Gains of 10% and more on Cards on Technical Analysis

Stock Market India — 2006-11-22T07:06:40-08:00

D S KULKARNI
Present Price � Rs.327.20 Projected Price � Rs.360

Headed by Mr. D.S.Kulkarni, DSK is a housing construction company withoperations in Mumbai, Pune, and Bangalore. The company is currentlydeveloping and executing projects in Mumbai, Pune, and Bangalore with3.9 mn sq. ft. under construction. Pune exemplifies our investmenttheme of population migration leading to rising real estate prices.With huge upcoming IT/ITES demand, better road connectivity to Mumbai,many professional educational institutions and weekend destinationwould continue to keep Pune real estate prices on the rise. We ratePune as one of the most attractive Tier II cities for real estate development. DSK, who is among the top 3 players in this market, isexpected to be one of the biggest beneficiaries of the real estateboom. On the technical front, the stock has broken out of a bullishpattern and the stock is headed for higher levels.

Over 100% returns expected over the period of one year

Stock Market India — 2006-11-21T06:47:31-08:00

KCP Limited (CMP: Rs 276; Target: Rs. 500+)

The cement and engineering sector enjoys better multiple on the boursesand this company has combination of both the sectors Hence, KCP hasscope of P/E expansion, which can take share price to cross Rs 500 markin the next 12 months.

Chennai based KCP is broadly engaged in manufacturing of Cement andheavy mechanical equipment for cement, sugar and Infrastructure. Thecement plant is located at Guntur in AP with an annual capacity of 5lakh TPA. The two engineering units are located in Tamil Nadu atTiruvottiyur in Chennai and at Arakonam. The engineering unit hadfurther invested Rs 20 crore to recently increase productivity of theunit as also to compete in value added segment.

FY06 Performance:

In FY06, the company achieved a total income of Rs 207.06 crore withEBITDA of Rs 34.50 crore. After providing for interest of Rs 4.44 croreand depreciation of Rs 5.19 crore, PBT was placed at Rs 24.87crore.After providing for tax of Rs 7.35 crore PAT was at Rs 17.52 croreresulting in an EPS of Rs 13.59 on the equity base of Rs 12.89 crore.The company paid a dividend of Rs 5 per share (face value Rs 10). Thepromoters stake in the company is about 46%. As at 31.03.2006, theequity of Rs 12.89 crore was backed by free reserves of Rs 96.25 croregiving a book value of Rs 84.67 per share. As on that date, the totaldebt of the company was at Rs 60.71 crore (secured loans Rs 34.16 croreand unsecured loans of Rs 26.55 crore) which were backed by net currentassets of Rs 70 crore and investments of Rs 31.60 crore. Hence, debtequity ratio of the company has been very low.

Analysis of FY06 results:

FY06 had segment turnover of Rs 89.22 crore from engineering divisionwith EBIT of Rs 21.43 crore. Cement division had turnover of Rs 109.18crore with EBIT of Rs 92 lakh. Power division had turnover of Rs 10.21crore with EBIT of Rs 5.40 crore. Hence, in FY06, cement division hadnegative contribution to the bottom line of the company. However,situation has sharply improved for cement division in FY07.

H1 FY07 results:

During Six months ended 30.09.06, the company cloaked a turnover of Rs135.68 crore with EBITDA of Rs 37.98 crore, PBT of Rs 32.96 crore andPAT of Rs 20.16 crore giving an EPS of Rs 15.64 for the period. It maybe noted that engineering division had turnover of RS56.58 crore withEBIT of Rs 16.32 crore margin being at 28.84 per cent. However, EBITmargin in Q2 of FY07 was at 35.32%. Cement division contributedhandsomely with turnover of Rs 77.02 crore and EBIT at Rs 19.08 crorebeing at 24.77%.

Outlook for FY07:

The engineering division has an order in excess of Rs 100 crore. Sincethe company has versatile engineering facility capable of manufacturingheavy mechanical equipment to a given design mainly for sugar, cementand infrastructure industries, it enjoys better margins. The workshophas foundry, heavy fabrication and machine shop facilities integratedwithin the plant locations. Arakonam facility was effectively used toaugment production of foundry products.

Cement division of the company is also operating at 110% of its ratedcapacity and due to better margins, this division is likely tocontribute to improve the working of the company substantially.

Outlook:

The company is likely to achieve a total income of Rs 300 crore withEBITDA of Rs 89 crore, PBT of Rs 79 crore and PAT of Rs 47 croreresulting in an EPS of Rs 36 for FY07. Due to better visibility ofcement industry for next one year and good orders in hand for theengineering division for next one year the company is likely to achievea top line of close to Rs 380 crore and bottom line of Rs 62 croregiving an EPS of close to Rs 48 for FY 08. This performance of FY08would surpass the performance of FY97 when company posted sales of Rs219 crore PBT of Rs 63.28 and PAT of Rs 54.78 crore giving an EPS of Rs42 per share.

Conclusion:

The share is present ruling at Rs 280per share, which translates into PER of less than 8 times for FY07earnings and at less than 6 times for FY08 earnings. The cement andengineering sector enjoys better multiple on the bourses and thiscompany has combination of both the sectors hence, the company hasscope of P/E expansion, which can take share price to cross Rs 500 markin the next 12 months. The Share is listed only on NSE.

Good stock for one year investment for nice 35% returns

Stock Market India — 2006-11-21T06:41:49-08:00

Era Construction India: (CMP: Rs 450 and Target: Rs 600)

Current stock valuation of Era Construction look cheap considering thecompany's expected growth prospectus. The stock can go up to Rs 600 inthe next 9-12 months.

Era Construction India (ECIL) is engaged in diversified constructionactivities such as runway & integrated cargo complex for airports,power projects, industrial complexes, residential buildings as well asroad and railway projects.

The company had an order book of around Rs1600 crore in August 2006.Victor Buildwell Pvt Ltd. is engaged in BOT projects and has become awholly owned subsidiary of the company from Q2FY07. The company earnedRs 72.42 crore from real estate projects in H1 FY07 and is expecting agood growth rate in this business in the future.

ECIL enjoys higher operating margins than its peers on account of adiverse mix of projects in different segments. Power and industrialprojects enjoy higher operating margins. Moreover, with a variablepricing clause in most of its projects, the company is able to pass onthe increase in raw material prices of cement and steel to its clients.The operating margins of the company are continuously improving andwere at 27.9% in Q2FY07 against 25.3% Q1FY07.

The company has set up a highly sophisticated unit to manufacturePre-Engineered Building materials at Pant Nagar (Uttaranchal) through aseparate entity-Era Metal Building Systems. ECIL has a 48% stake inthis company. This unit has become operational form Oct 2006.Pre-engineered building materials are used in non-residential projectssuch as industrial plants, railway stations and airports. Earlier thecompany was sub-contracting these orders but now with its own facilitybecoming operational, the company will be able to execute the orders onits own. This will significantly improve its profit margins.

The company had raised US $ 30 million through issue of GDRs inFebruary 2006. The company is planning to raise additional funds in thenear future to fuel its expansion plans.

The company registered sales of Rs 376.21 crore and net profit of Rs27.78 crore in FY06. It registered sales of Rs 475.51 crore and netprofit of Rs 51.49 crore for H1 FY07.

Net sales could be around Rs 1000 crore in FY07 and net profit isexpected to be around Rs 125 crore during the same period. On an equityof Rs 18.61 crore the EPS for FY07 works out to Rs 67. At the marketprice of Rs 426, the stock trades at 6.36x its FY 07 earnings.

Current stock valuation are believedto be cheap considering the company's expected growth prospectus.Taking all this into consideration the stock can go up to Rs 600 in thenext 9-12 months.

Capita Telepholio Suggest Good Buy Call

Stock Market India — 2006-11-18T22:32:03-08:00

BUY : Thermax at Rs 367
BSE Code : 500411
NSE Symbol: THERMAX
Market Lot: 1

Energy & Environment management major Thermax is witnessing strong
demand for its products due to upturn in industrial investment and
preference for captive power solutions. Orders on hand as on Sep 30, '06 stand
at Rs 2659 crore, a rise of 144% y-o-y. On consolidated basis the carry
forward orders stood at Rs 2973 crore.

Actual adjusted consolidated EPS for March 2005 : Rs 6.2
Actual adjusted consolidated EPS for March 2006 : Rs 8.9
Projected adjusted consolidated EPS for March 2007: Rs 15.6

Dalaal Street Flash News Recommendations - III

Stock Market India — 2006-11-16T20:42:19-08:00

Pokarna Face Value - Rs10 Buy Rs 235.25
Ticker: 532486 Equity: Rs 6.2 crore H/L: Rs 369/161

Pokarna is a leading domestic manufacturer and the largest exporter offinished granite. The demand for granite i.e. its end product, can verywell be gauged from the boom in the real estate, witnessed by the newemergent India, in the last couple of years which is likely to sustaindue to demography facet of Indian population. In addition to its fullyintegrated granite plant, the company has forayed into ready-to-weargarments in the brand name of STANZA - which eventually would become amajor trigger for this counter on the long-term basis and hence theinvestors can take a fresh exposure on this counter

The management is diversifying into manufacturing of 'CompoundStone/Engineered Stone/Quartz Surfacing' by setting up astate-of-the-art plant and has entered into a contract with 'BRETONS.p.A', Italy: which is a world leader in the stone market industry forits plants and technology for manufacturing and processing of 'CompoundStone/Engineered Stone/Quartz Surfacing'. Under this contract, 'BRETONS.p.A', Italy, among other things, would supply patented plant &technology to the company for manufacturing and processing 'CompoundStone/ Engineered Stone/Quartz Surfacing'

Eventually the current margin of the company is likely to expand in thenext few years, owing to its presence in high end ready-made apparelsbusiness in addition to superior finished granites. For the Q2FY06, itreported a top line growth of 25 per cent at Rs 45 crore, while itsbottom line grew by 58 per cent. Its OPM and NPM expanded by 76 and 130basis points respectively over the corresponding period last year. Thustaking into consideration the strong possibility of re-rating on thiscounter, we feel that fresh buying can be done at current levels

Dalaal Street Flash News Recommendations - II

Stock Market India — 2006-11-16T20:38:36-08:00

Suprajit Engineering FaceValue - Rs 5 Buy Rs 200

Ticker: 532509 Equity: Rs 6 crore H/L: Rs 272/138

It is amongst the few companies that have witnessed consistent top lineas well as bottom line growth since FY97. In fact there are not manyamong the mid cap space, that have such phenomenal sound track record.Hence we feel that the investors cannot afford to overlook thiscounter. Although we had recommended this counter earlier as well, westill stand by the decision, even at current levels of Rs 200 on along-term basis. We feel Suprajit Engineering, that is a leadingmanufacturer of automotive cable and virtually having all the autogiants

During the first half of the current fiscal year, the company reporteda topline growth of 13 per cent and a bottom line growth of 3 per centat Rs 73 crore and 6 crore respectively, over its corresponding periodlast year. At the operating level the company was able to grow at 12per cent while its high interest burden emerged due to expansion, hastaken a toll on net profit front. Further the management is quiteinvestor friendly as it has consistently paid dividends since over tenyears. Thus taking into account, its decent track record we feel thatthe investors can still take a fresh exposure on this counter atcurrent levels

Dalaal Street Flash News Recommendations - I

Stock Market India — 2006-11-16T20:37:16-08:00

Jai Prakash Associates Face Value - Rs 10 Buy Rs658
Ticker: 532532 Equity: Rs 217 crore H/L: Rs 680/280
� Phenomenal sets of numbers re-enforces our convictionin the counter of Jai Prakash Associates - which we have already recommendedvery recently in our Diwali Buys of Dalal Street Investment Journal at Rs 485.However even at current levels of Rs 650, we feel this counter is a good buy onlong-term basis. In fact investors who missed its recent rally can still take afresh exposure on this counter, as it has business interests in sectors thatare on the growth path like cement, civil construction, power, hotels etc.
� During H1FY07 reported a top line growth of 12per cent but at operating levels it grew by almost 40 per cent. On the netprofit levels the figures are not comparable due to some adjustment regardingmergers etc - which won't provide a correct picture
� In fact, it has been one of the favouritecounters among the institutional investors and hence the institutional holdinghas been quite high, in excess of 30 per cent stake is owned by FIIs, at thesame time as domestic institutions also. In fact the kind of the earningsgrowth the company is showing since the last couple of years that itself isexpected to sustain the ongoing earnings momentum

Capita Telepholio recommends buy call for short term

Stock Market India — 2006-11-15T22:14:39-08:00

BUY : Zodiac Clothing Company at Rs 253
BSE Code : 521163
NSE Symbol: ZODIACLOTH
Market Lot: 1

Zodiac Clothing's domestic branded business is growing fast on the back
of strong growth in organised retail, FTA between UAE and Europe/US
will boost its global sales and strategic stake in Shoppers' Stop is the
icing on the cake. Adjusting for value of this stake, the scrip is
available at Rs 170 only.

Actual consolidated EPS for March 2005 : Rs 10.4
Actual consolidated EPS for March 2006 : Rs 16.0
Projected consolidated EPS for March 2007: Rs 24.5

End of Wednesday Capita Telefolio Volume No 5, Issue No 21 dated
Wednesday, 15th November 2006.

ALLSEC Technologies

Asif Ahmed Farooqui — 2006-11-15T21:02:54-08:00

(532633)ALLSEC Technologies. Listed on May 9th, 2005 the stock has 51 % foreign interest (share holding). The company delivers impressive results. TTM EPS at Rs 17 and trading at PE 15. First Carlyle Ventures Mauritius made open offer at Rs 260.00. Investors are advice to hold the stock. CMP BSE RS 253.90

Posted by Asif Ahmed Farooqui analyst at Managefolio. Find this and more on our website www.managefolio.com

Castrol India

Asif Ahmed Farooqui — 2006-11-15T20:50:18-08:00

(500870)Castrol India. Form last four year company's net profits are some what same. In last four quarter company's sales figure are increasing this is due hike in product price not by volume growth. Aging this hike is subset by higher input prices. Further the company does not have any expiation or strategic plan which can robust its sales. The stock is trading at PE of 20.50, fully priced. Technical indicators on this stock are giving bearish signal. Investors are advice to switch to other stocks.

Posted by Asif Ahmed Farooqui analyst at Managefolio. Find this and more on our website www.managefolio.com

Buying gold from your bank? Beware!

Stock Market India — 2006-11-15T06:14:27-08:00

Banks have hit upon a new idea to get a larger share of your wallet -- retailing gold. While the banks claim that buying gold from them is a wise decision, we beg to differ. In fact we would go so far as to say that if you want to buy gold, don't go to your bank!
Why gold?
There are various reasons for which you should own gold in your portfolio. The most important of these is that gold is a real asset whose value is driven by factors (such as the amount of gold mined) that are very different from those that impact the value of financial assets. Therefore, it brings in a much needed element of diversification in your portfolio.
Form of gold
The next question that is often put to us is in which form should one hold gold? The one form which we all are familiar with of course is jewellery. However, from an investment perspective this is not the best option as the making charges for jewellery can be as high as 30% of the value of the gold i.e. if your jewellery has gold worth Rs 100, you are probably going to be buying it for Rs 130.
So if you wish to sell your jewellery, all you will get is the value of the gold; the making charges will be a loss to you. Not to mention that sometimes jewellery that is promised to be made of 22K gold turns out to be of a poorer quality.
The best form to hold gold, from an investment perspective, is probably, gold bars (or like they say "biscuits"!). Gold bars are standardised products whose purity is assured by the hallmark (seal of the producer) that it carries.
There are no making charges involved and as the purity and quantity is assured, on liquidation you do not have any surprises in store for you.
Where to buy gold?
In recent months, banks have become very aggressive in marketing gold bars. This pick up in tempo is not only due to the festive season; it is also due to the fact that banks have hit upon a new idea to make a "neat buck" off you. We will let the numbers speak for themselves.
On the 8th of November, 2006 we called one private sector bank and one jeweller making an enquiry to purchase gold. This is what we got as a response --

Where to buy gold?
In recent months, banks have become very aggressive in marketing gold bars. This pick up in tempo is not only due to the festive season; it is also due to the fact that banks have hit upon a new idea to make a "neat buck" off you. We will let the numbers speak for themselves.
On the 8th of November, 2006 we called one private sector bank and one jeweller making an enquiry to purchase gold. This is what we got as a response --

Expensive, for sure

Bank
(Private)Branded
RetailerJeweller
Purity0.999 0.9990.999
Price per kilo* (Rs)1,071,520 1,025,000 940,000
% Discount to Pvt Bank RateNM4.5%14.0%
* Prices as on 8th of November 2006; Including VAT
NM - Not Meaningful
Do not make a judgment as yet. The banks, as their relationship manager will definitely pitch (only if you ask though), give you a certificate assuring you of the purity of the gold. And that's why they charge a premium for the gold. So, on the one hand you get pure gold with a "certificate" and on the other you get just pure gold.
To be able to make a rational decision, let's ascertain the value of the certificate i.e. what benefit it offers you. In case of standard gold bought for the purpose of investment, the benefit which one looks for is whether the seller will buy the gold back or not and, if yes, at what price will he buy it back?

Banks lose out
Gold BarBank
(Private)Branded
RetailerJeweller
Buy back facilityNoYesYes
Discount on buy backNANILNIL
Here's an eye opener for you. The bank, which pushed you into buying standard gold at a premium, will not buy the gold back from you! So, if you bought gold from a bank today for Rs 100, and you needed to sell it the same day (to a jeweller as the bank will not buy the gold back from you), all your will realise is Rs 86! Of course, you get to keep the certificate!
The jeweller on the other hand, will buy back gold from you any day at the prevailing price. Some jewellers also give you a certificate for the gold you buy, thus diluting a key selling point of the bank.
The answer to the question of where you should buy gold from is simple -- give the banks a skip in case you are looking at buying gold. Opt instead for a credible jeweller (even in the case of jewellers, we found that there is a lot of price variation with branded stores charging a premium -- do your homework well before you buy gold). And, of course always buy standard hallmarked gold.
If you do decide to go to a jeweller to buy gold in bulk, do negotiate. It is likely you will get a discount. In our conversations with a couple of brokers, we were offered a discount on bulk purchases.
Beware!
Based on our interactions with thousands of individuals every month, we find that instances of mis-selling of investment-related services and products is growing at an alarming rate.
As an individual with limited knowledge about such products and services you probably are not geared to ask your advisor the 'right' questions. The best way then to eliminate the risk of being 'cheated' is probably to spend time in selecting an honest financial planner for yourself.
Even as you take measures to protect yourself from this surge in mis-selling, maybe the banking regulator, the Reserve Bank of India will take note and come to the rescue of millions of ill-informed investors.

PreMarket Technical Entry Levels for Day Trading for November 14, 2006

Stock Market India — 2006-11-13T20:23:15-08:00

Day Trading Technical Calls for November 14, 2006

Buy Calls
Nifty Futures - Buy on break of 3875
ACC - Buy at 1019 SL 1012
Infosys - Buy on break of 2166
M&M - Buy at 842 SL 835
ONGC - Buy at 871 SL 866
Reliance - Buy on break of 1291
Satyam - Buy at 426 SL 422
SBI - Buy at 1137 SL 1130
Tata Motors - Buy at about 834 SL 825
TCS - Buy around 1075 SL 1070
Titan - Buy at 785 SL 780
VSNL - Buy at 456 SL 450
Wipro - Buy around 542 SL 536

Sell Calls
Nifty Futures - Sell on break of 3860
Infosys - Sell on break of 2150
Maruti - Sell on break of 910
MTNL - Sell around 137 SL 140
Ranbaxy - Sell at 398 SL 404
Reliance - Sell on break of 1278
Reliance Cap - Sell at 573 SL 580
Tata Steel - Sell around 497 SL 504

DERIVATIVE PICKS - MEDIUM RISK/MEDIUM RETURN - TWO-FIVE WEEKS

Stock Market India — 2006-11-13T20:19:01-08:00

DERIVATIVE PICKS - MEDIUM RISK/MEDIUM RETURN - TWO-FIVE WEEKS

Reliance Comm. (406): Telecom majors are witnessing strong momentum. RCom has given a fresh breakout above 399. Buy at current levels with an immediate target of 418-420 and then 427-430. Keep a stop below 397.

Polaris (130.50): This stock has been witnessing correction after a strong rally from sub-100 levels. Stock has moved up smartly after taking support at around 121. 14-day RSI has moved up sharply from 40 and is also giving a positive reversal which is a strong bullish signal. Buy
around current levels. Stock is likely to move to its recent high of around 144. Target for the positive reversal pattern is around 154. Keep a stop below 123.

Jet Airways (635): Jet is showing early signs of a break out. After hitting a high above 700 in early September, the stock has been correcting since then. The correction seems to be over and stock could witness a resumption of the uptrend. Buy the stock above 641(Futures). The immediate targets on initiation of trade are 667 and 685. Keep a protective stop below 623.

Bull's Eye Recommendations by Different Securities

Stock Market India — 2006-11-13T00:52:10-08:00

Reliance Industries

Research: Enam Securities Recommendation: Outperformer CMP: Rs 1,286.25 (Face Value Rs 10) 12-Month Price Target: Rs 1,400
RELIANCE Industries (RIL) has filed a revised development plan with theDirector General of Hydrocarbon (DGH) for the key KG-D6 block. In theamended plan, RIL has sought approval for 80mmscmd of gas productionand has proposed proportionate increase in the capex. Based onindependent assessment, RIL expects the P2 (proved + probable) reservesat 11.3 TCF. This represents an almost 100% increase over earlierestimates. The management has not indicated the quantum of P1 reservesas of now, but it is expected to be around 6TCF (as per the filings ofNiko Resources- RIL's JV partner). The management is likely to sharedetails once the revised plan is approved by DGH. Enam believes thefiling of revised development plan for KG-D6 is a significant event andstrengthens the outlook on RIL's new business initiative. Going ahead,improving policy outlook on gas pricing and achievement of projectmilestones will align RIL's E&P valuation multiples to its regionalpeers.

Mangalam Cement

Research: India Infoline Recommendation: Buy CMP: Rs 204 (Face Value Rs 10) 12-Month Price Target: Rs 297
MANGALAM Cement (MCL) has performed strongly, wiping out itsaccumulated losses in FY06. The strong demand for cement in thedomestic market coupled with firm cement prices is expected to bringrich rewards for the company in the next 18 months. MCL is putting up a17.5-mw captive power plant, which is expected to go on steam by June'07. MCL is also adding 0.5 million tonnes of new cement capacity totake its total production capacity to 2 mt by September '07. The stockis trading at EV/tonne of $70 of its FY08 capacity of 2 mt. OnEV/EBIDTA basis, it is quoting at 3.9 times, while on an EPS basis, itis trading at 5.6 times. With improvement in the balance sheet andoperational efficiencies, India Infoline feels the stock is undervaluedand recommends a 'buy', with a target of Rs 297 within a year. Thetarget price discounts estimated FY08 earnings by 8.0x and EV/EBIDTA by5.5x.

KEI Industries

Research: ULJK Securities Recommendation: Buy CMP: Rs 361 (Face Value Rs 10) 12-Month Price Target: Rs 403
KEI'S REVENUE growth is strong for FY07, with an overall sales growthof 85%. Cables sales are expected to grow by 90%, stainless steel wireby 48%, winding flexible and house wire by 80% and others by 25%. Lastyear, KEI generated revenues worth Rs 23.5 crore through exports, ofwhich Rs 10 crore accrued from the Gulf region. The company is in theprocess of integrating backwards by setting up an aluminum properzi andPVC compounding plant, which is likely to be operational in six monthsat a capex of Rs 7-10 crore. This will strengthen the operating marginsby reducing the cost of the company by Rs. 4-5 crore. KEI plans toundertake a greenfield expansion with capex of Rs 180 crore inUttaranchal in FY08. With the management's above plan for capacityexpansion and backward integration, KEI is set to enter higher growthorbit. ULJK estimates the fair value of the company at Rs 403 andexpects the company will trade at a P/E of 7.9 times within 12 months.

KRBL

Research: BRICS PCG Recommendation: Buy CMP: Rs 143 (Face Value Rs 10) 12-Month Price Target: Rs 267
KRBL has posted a revenue growth of 28.4% y-o-y to Rs 230 crore duringQ2 FY07 due to better volumes and higher realisations on both domesticand export sales. Higher sales led a 52.5% y-o-y rise in operatingprofit to Rs 31.46 crore, which expanded the operating margin to 13.8%compared to 11.6% in Q2 FY06. Net profit stood at Rs 15.12 crore,registering 88% growth. The company plans to launch its own brand ofrice bran oil in consumer packs by December '07. It commissioned a12.5-mw wind farm in August '06 at Dhulia, Maharashtra, and is planninga 3.5-mw power plant in Ghaziabad for captive consumption. This willlead to power cost savings of around Rs 5 crore each year. BRICSmaintains a 'buy' call on the scrip, but lowers its target price to Rs267 from Rs 301 earlier, considering that the company's integratedmilling plant in Dhuri, Punjab commenced operations only in October'06.

Taj GVK

Research: Pioneer Intermediaries Recommendation: Buy CMP: Rs 241 (Face Value Rs 2) 12-Month Price Target: Rs 325
TAJ GVK Hotels & Resorts (TAJGVK) reported a jump of 38% inrevenues to Rs 57.9 crore in Q2 FY07, on the back of higher averageroom realisations (ARR) and steady occupancy rates (OR) in Hyderabad.The average ARR across the three hotels of the group in Hyderabad at Rs7,635 was higher by 41% y-o-y, while ARR in Chandigarh was ~Rs 6,000.TAJGVK's capital charges in Q2 FY07 remained stable y-o-y. While theinterest burden stood at Rs 1crore in the quarter, against Rs 90 lakhlast year, depreciation was static at Rs 3.2 crore. Net profit for thequarter rose to Rs 15.2 crore from Rs 9.4 crore in Q2 FY06 (+62% y-oy).TAJGVK has commenced work on its 200-room, greenfield property inBegumpet in Hyderabad and is set to commission its 215-room property inChennai by June '07. At the current market price, the stock is tradingat a P/E of 19.1x its FY08 EPS of Rs 12.7. Pioneer Intermediaries makesits case for investment on the back of stability and visibility in thecompany's earnings over the next 18-24 months, due to absence ofsignificant room addition in Hyderabad and on account of potentialupside in revenues from the Chandigarh property.

Spanco Telesystems

Research: Emkay Share Recommendation: Buy CMP: Rs 171 (Face Value Rs 10) 12-Month Price Target: Rs 217
SPANCO Telesystems announced a robust set of independent results afterthe demeger of Sparsh - its domestic call centre business. The resultsare not comparable as Sparsh was not part of company in Q207. The totalrevenues of the company in Q207 were Rs 121.7 crore. Telecom networkintegration business has surprised with total revenue of Rs 113.1 crorein Q207 compared to Rs 20.5 crore in Q206. EBIDTA for the quarter stoodat Rs 16.6 crore, up 85% over the preceding quarter and PAT stood at Rs9 crore. EPS for Q207 and H107 stands at Rs 5.7 and Rs 8.6,respectively. Emkay Share expects the company's PAT to be Rs 37.4 crorefor FY07 and Rs 66.7 crore for FY08. Emkay values the listed entity at9x FY07E EPS of Rs 24 or 5.2x FY08E EPS of Rs 42 and put target of Rs217. Sparsh will be listed in due course with an expected target of Rs47 (12x FY07E EPS of Rs 4).

Source: Economic Times

DERIVATIVE PICKS: MEDIUM RISK/MEDIUM RETURN - TWO-FIVE WEEKS

Stock Market India — 2006-11-12T21:00:39-08:00

DERIVATIVE PICKS: MEDIUM RISK/MEDIUM RETURN - TWO-FIVE WEEKS

ORCHID CHEM (223.25): This stock has moved up after trading in a narrowrange for a relatively longer period. Breakout from a narrow range isgenerally a bullish signal. The momentum indicators too support the upmove. Buy at current levels for an immediate target of around 239-42.Keep a stop below 212.

NDTV (243.50): This media stock is again trying to breakout from arelatively stronger resistance level of 236-242. This time theprobability of a successful breakout is higher as the weekly patterntoo supports it. Momentum indicators, Volumes and the relative strengthof media as a sector too support it. Buy at current levels for animmediate rise to 265-268. A bigger move is also likely if it managesto stay above 270. Keep a slightly loose stop loss of 228.

SUZLON (1429): Here we recommend a positional trade as the longer-termpatterns are suggesting a bigger target on a larger time frame. Weeklypattern is very strong and has given a breakout on largish patternspanning almost 8 months. Buy at current levels with a minimum targetof around 1625-1640 and possibly 1750-1800 over next couple of months.Keep a positional stop loss at below 1325. Delivery positions couldalso be taken with the target of around 1750 in around 2-3months.

STOCK READY FOR UP MOVE GRAB IT FAST FOR SHORT AND ALSO FOR LONG TERM

D'suza — 2006-11-12T09:25:47-08:00

TO WAIT FOR HINDALCO . WHY ,LET US CHK WHT POSITIONS STANDS IN OI FUTURES. OH..... OI IN NOV. CONTRACTS AT 5,22,58,580

IN OCT CONTRACTS IT WAS BELOW 3.5CRORE AND

IN AUG CANTRACTS IT WAS AROUND 2.5CRORE TO 3CRORE

OPEN INTEREST IS HIGHER EVER IN LAST 3 MONTHS .

THIS IS THE STOCK WHICH HAS NOT PERFORMED YET .(BSE30INDEX)

EARNINGS AND RESULTS ARE ABOVE EXPECTATIONS.

TRAILING 4QTR EPS AT 21.48,CMP AT 183.95, PE AT 8.56

3YEAR PE BAND= HIGH AT 21.52 LOW AT 7.53

LOWER TREND LINE MOVED UP FROM M 163.18 TO 175.85

SO. THERE SEEMS NOTHING WRONG IF ONE BUY'S THIS STOCK FOR SHORT TERM AND ALSO FOR LONG TERM.

JUST THINK ABOUT IT ..................

Dow's high doesn't impress everyone...

MainFrame — 2006-11-10T11:00:34-08:00

The post-election stock market may have closed at a multiyear high Wednesday, but not everyone is impressed. The ones that have bearish reputation, should be ready to extend diplomatic recognition to a new bull market.

Much as you could like or dislike election's results, I think/hope that in this instance that this new flat world that produces massive transparency is producing a fine balance when this country can have a system in which the needs of the customer, employee, and shareholder can all benefit.

For more of this articles you can visit my Blog

Short Term BUY Call from Capita Tele

Stock Market India — 2006-11-10T06:31:38-08:00

BUY : Ingersoll-Rand (India) at Rs 330
BSE Code : 500210
NSE Symbol: INGERRAND
Market Lot: 1

A 74% subsidiary of Ingersoll-Rand, US, Ingersoll-Rand (India) is a
major player in construction equipment and compressed air solutions for
industries, benefiting both from infrastructure investment and upturn in
industrial capex. The parent's attempt to delist the company through
open offer at a floor price of Rs 345 did not succeed in March 2006. The
company's performance and growth prospects have significantly improved
since then, but price is still even lower than the minimum price parent
was willing to give.

Actual adjusted EPS for March 2005 : Rs 7.9
Actual adjusted EPS for March 2006 : Rs 9.9
Projected adjusted EPS for March 2007: Rs 16.6

Forex Trading Suggestions

vishaldon — 2006-11-10T02:32:12-08:00

The yen broke a two-day decline against the dollar after Bank of Japan Governor Toshihiko Fukui said higher interest rates would extend a recovery in the world's second-largest economy.

Today Fukui told lawmakers that gradual rate adjustments would help nurture long-lasting economic growth. Japan releases gross domestic product data Nov. 14, a day before the central bank meets to set rates. The dollar also fell against the Euro on speculation central banks will diversify reserves by selling U.S. assets. Yen rose 0.3 % to 117.55 per dollar in Tokyo from 117.93 in New York yesterday. It climbed to 151.17 per Euro from 151.28 yesterday, when it fell to a record 151.48. Muta forecast that yen will rise to 117.15 per dollar and 150.80 against the Euro today. The U.S. currency fell to $1.2857 per Euro from $1.2829 yesterday.

The BOJ's overnight lending rate of 0.25 % is the lowest among major economies, after the first increase in almost six years in July. The Federal Reserve held its benchmark at 5.25 % for a third meeting last month. The European Central Bank left its key rate at 3.25 % last week.

The yen also benefited from forecast that central banks will increase holdings. The Swiss National Bank boosted yen investments by 68 % to 208.3 billion yen ($1.8 billion) from the end of June, according to figures posted on its Web site.

For more information on the market logon to my blog
open for suggestion for new trading methods

www.moneyeasymoney.blogspot.com

Quick Gains of 10% on Cards

Stock Market India — 2006-11-09T22:59:12-08:00

ADLABS
Present Price - Rs.395.10
Projected Price - Rs.440

Adlabs is positioned across the movie value-chain from production toprocessing, distribution & exhibition. The new processing facilityin Chennai is off to a good start and a smaller facility in Kolkata hasalso been inaugurated. With more multiplexes, the number of prints per movie is rising and demand for movie content is all set tosurge. While value unlocking in FM radio is a short-term trigger,foraying into television content enhances the mediumterm. The companyhas a virtual monopoly in the film processing especially in the Westernregion. The company is also expanding its film co-production businessby scaling up operations through bulk contracts with reputed filmmakers. On the technical front, the stock has broken out of a bullishpattern and both the 14 day RSI and StochRSI is supporting thebreakout. Buying is advised at current levels and at all declines. Longterm holders can expect higher targets.

Capita Telepholio recommends buy call

Stock Market India — 2006-11-08T08:21:11-08:00

BUY: Balmer Lawrie & Company at Rs 416
BSE Code: 523319
NSE Symbol: BALMLAWRIE
Market Lot: 1

This PSU company targets to quadruple profits in four years,
capitalising on growth in logistics, travel, industrial packaging and lube
businesses.

Actual consolidated EPS for March 2005 : Rs 25.6
Actual consolidated EPS for March 2006 : Rs 42.0
Projected consolidated EPS for March 2007: Rs 53.8

Gold rises in London on increased investor demand

Trader_4_life — 2006-11-07T11:09:23-08:00

Gold rose in London, resuming a four- week rally as a drop in the dollar spurred demand for the precious metal as an alternative investment.

Investors have bought 16.5 million ounces of gold in 6 exchange-traded funds, up 4% since Oct. 30.
The dollar fell against the euro and yen today as U.S. elections put dozens of Republican House districts and eight Senate seats in jeopardy.

Gold for immediate delivery rose 0.4%, to $625.50 an ounce. Prices dropped 0.7% yesterday, snapping a 9-day advance. The metal has climbed 9% since Oct. 6, and will probably end the year at $700.

All the fundamentals point toward a weaker dollar: The Fed cannot afford to increase interest rates anymore, commodities are traded in U.S. dollars, and gold is the only commodity that central banks have in reserves.
I feel China is buying gold and South Korea will too.

Asian currencies: Baht retreats & Rupiah gains

Shareminator — 2006-11-07T11:06:36-08:00

Thailand's currency retreated from the strongest in more than seven years after the central bank issued measures aimed at preventing speculation on further gains.

The baht traded at 36.71 against the dollar, after rising as much as 0.3% to 36.60, the strongest since July 1999. It has climbed 11.7% this year, the most amongst 15 Asia-Pacific currencies.

Taiwan's dollar rose to the strongest in more than a month as the island's benchmark equity index climbed to the highest since May and global funds yesterday bought shares for a fifth day, according to stock exchange data.

The currency declined yesterday after President Chen Shui- bian's wife was indicted for corruption and opposition demonstrators called for his resignation.

The Taiwan dollar gained 0.3% to NT$32.840 against the U.S. currency, according to Taipei Forex Inc. It may strengthen to NT$32 by the year-end.

The Philippine peso rose 0.4% to 49.84, after stock exchange data showed funds yesterday bought stocks for a 4th day.

Indonesia's rupiah gained on speculation overseas investors will buy debt as inflation slows. Prices rose at the slowest pace in almost 2 years in October.

The South Korean won rose 0.4% to 938.60 per dollar. The Malaysian ringgit advanced 0.3% to 3.6450. The Singapore dollar rose 0.3% to S$1.5620.

Currencies in Asia, excluding the yen, will be the world's best performers for the rest of the year as overseas investors buy the region's stocks and central banks permit gains.

U.S. elections: Lame duck or dead duck?

TraderX — 2006-11-07T11:02:05-08:00

Midterm elections have often been tame events in the U.S. Some have come and gone without the public taking much notice. Not this year.

Today's congressional elections have been the subject of intense campaigning and relentless media coverage. They have been fought on national rather than local themes, with Democrats focusing on the unpopular war in Iraq and Republicans stressing the need to maintain lower taxes and bolster national security.

More of this story on this site.

Low Risk High Return BUY Call Information

Stock Market India — 2006-11-06T20:42:29-08:00

MOSER BAER
Present Price - Rs.240
Projected Price - Rs.290

Stock of Moser Baer has literally gone nowhere in past 2 years as thefundamentals of the company registered a dip on account of crash inprices of it main products CD and DVDR as also due to strengthening ofprices of its main raw material. But the company has begun to showimprovement in margins as final product prices have firmed up over past6 months while Poly carbonate, its main raw material has seen areduction in its price. The company's diversification in Solar Voltaiccell is likely to give fillip to both its top line and bottom-line fromnext year onwards. Worst seems to be over and that is being reflectedon the technical charts too. Buy at current levels and add aggressivelyonce the stock stabilizes above 250.

Street talk on Two Stocks if proved will give short term and long term gains

Stock Market India — 2006-11-06T20:41:14-08:00

GODAWARI POWER (105) is being recommended for strong short term gains as the IPO of
Lanco is expected to re-rate the existing listed power companies like Godawari and GVK power.

IFCI (13.90) is being accumulated aggressively by certain smart players on expectations of
reversal in the fortunes of this development financial institution. Already it has begun to show
profits and these players expect the stock to be multi bagger in 18-24 months.

RE: Please suggest me-?

xtraderx — 2006-11-06T12:12:47-08:00

There are several sites that allow you to trade shares charging a small fee for it, you may wanna start practicing first... you can find some sites offering "play" systems for to to use, there you'll be able to trade using "fake money".
One I recommend is [B]www.gnuTrade.com[/B] 'cause it's pretty easy to use and has a very nice interface.
Try it... it's a pretty cool place to learn.

By the way, you may wanna visit [URL=http://e-nvestments.blogspot.com/][B]my blog[/B][/URL], it has useful information and some very interesting data I'm sure you'll like.

Enjoy it and Cheers!!

RE: BUY Call Information for decent 30% gains in short term

vhparekh — 2006-11-06T02:33:13-08:00

is wanbury given by Capital Market???

Please suggest me-?

vishaldon — 2006-11-06T02:29:58-08:00

Please suggest me-?

Hi to all. I am a student and brand new to the trading and markets. I know everything related to trading theoretically. I want to get the exposure of practical knowledge. If I invest in market there is more risk I need to bear.

Is there any other way to do trading without investing money?

Please suggest me.

Thanks for the guidance in advance.

BUY Call Information for decent 30% gains in short term

Stock Market India — 2006-11-06T01:33:09-08:00

WANBURY
Present Price - Rs.158.35
Projected Price - Rs.210

Wanbury Ltd was formed with the merger of Pearl Organics and Wander PvtLtd on October 1, 2003. Pearl Organics is a leading bulk manufacturerof anti-diabetes bulk active, metformin hydrochloride, andanti-inflammatory and analgesic salsalate. Wander was a group companyenaged in marketing of branded pharmaceutical formulations. Wanbury isthe largest manufacturer of metformin in the world. Metformin is adiabetes management product with global API sales of over 15,000 tonnesand the product is growing over 20%pa. The company caters to over 14%of the global market. The company posses a strong customer base withexports to regulated markets. The company exports to over 40 countriesaddressing needs of over 200 customers across the globe includingleading generic players like Apotex, Mylan, Torr, Barr, Teva, Dexxonand Pliva. On the technical front, the stock will breakout form abullish pattern once it crosses the level of Rs.162. Buy at currentlevels and add aggressively above Rs.162.

Sensex Technical Analysis

Asif Ahmed Farooqui — 2006-11-05T18:22:41-08:00

For BSE Sensex 14 day Williams %R is at over bought territory but not giving sell signal. The same is with 5 day Stochastic. While 9 day Stochastic is rising in positive territory maintaining bullish momentum. From a long time 14 day RSI moving sideways but still is in positive territory. 12 day RoC which slipping towards neutral zone is building pressure on the Sensex. Sensex getting support from its 15 DMA in last month it took support three times. 15 DMA currently at 12870 and rising. This (15 DMA) should be watch carefully for stop loss. Traders are advice to carry long position with stop loss.

Current Sensex 13130.79

Stop loss 12900.

Posted by Asif Ahmed Farooqui analyst at Managefolio. Find this and more on our website www.managefolio.com

Accumulate This Stocks !!!!!!!!!

VINCENT. D'COSTA — 2006-11-05T06:05:36-08:00

Dear Investors/Clients,

Every 'Small Correction' is the chance to BUY Valuable & Fundamental stocks at cheap price. Seems some scrips are still very cheap price and this is the right time to Accumulate these stocks for LONG TERM.

1. Ashok Leyland
2. Petronet LNG

The above both scrips we rated as "OUTPERFORMER" scrips few months back and it will perform very well. Both companies have lot of positive news expectations coming weeks. Wait and see and ready to enjoy also try to Accumulate the scrip as much as you can.

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL
---------------------------------------------------------
-------------------------------------
: : : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
-----------------------------------------------------------------------

Short Term BUY Call from Capita Telepholio

Stock Market India — 2006-11-04T10:48:24-08:00

BUY : Indian Hume Pipe Company at Rs 375
BSE Code : 504741
NSE Symbol: INDIANHUME
Market Lot: 1

Indian Hume Pipe Company will benefit from large investments being made
in improving the country's water infrastructure. The company
manufactures pipes and undertakes erection and commissioning contracts for water
supply projects, water treatment systems, irrigation projects, hydro
electric projects, sanitation and sewerage systems or solid waster
management systems.

Actual adjusted EPS for March 2005: Rs 19.9
Actual EPS for March 2006 : Rs 20.1
Projected EPS for March 2007 : Rs 39.2

Prithvi Information - 30% to 35% Profit expected on investing for medium term

Stock Market India — 2006-11-03T22:37:28-08:00

Q2 FY07 Result Update - Robust performance

Prithvi Information Solutions has posted a very strong performance in Q2 FY07: robust revenue growth of 21.5% qoq (and 68.2% yoy), coupled with 320-bp qoq improvement in the EBITDA margin, led to a 20.1% qoq (and 85.6% yoy) growth in net profit, to Rs 222m. For FY07 the company increased its revenue guidance by 5% to Rs 6,000m (on the back of a healthy $170-m order book and a $120-m pipeline) and its net profit guidance by 2.6% to Rs 795m (implying 32.5% and 47.1% yoy growths respectively). The company plans to recruit 700-800 people in FY07 (it has already added 356). Its 2,200-seat development centre in Hyderabad has been slightly delayed and should be completed by Jul.'07. This would serve as an offshore facility. It is finalising plans for an overseas acquisition, for which it is considering raising about $50m to $70m through an FCCB issue.

Vertical contribution to revenue

Prithvi's revenue arises from various verticals, 'Technology' contributing the most (40.9%). Manufacturing, Healthcare, Telecoms, Retail and BFSI contribute 13.2%, 11.2%, 16.2%, 9.8% and 6.7% respectively to revenue.

Having segmented its services into high-end and more profitable services such as Business Intelligence (BI), Networking Solutions (NS) and Knowledge-Process Outsourcing (KPO) and having gained excellent traction in them, we expect Prithvi to attain a 38.4% CAGR in revenue, accompanied by a more robust 66.6% CAGR in net profit during the period FY05 to FY08.

Increasing offshore revenue mix leading to better margins

In Q1 FY07, the company successfully transitioned the work of some of its top-10 clients to offshore. Further, of the 11 clients added in the quarter, four have been added offshore, and the transitioning of two more clients later in the year is a possibility. Also, the company has been increasing its revenue
contribution from offshore (from 4% in a year ago to 12.5%), which has also boosted its profit margins,
(gross profit margin from 21.2% a year ago to 27.6%).

Increasing offshore employee base will prove fruitful

After two quarters, the company has added a larger number of people on-site (203) than offshore (58). Our discussions with the management clearly indicate that this has been largely due to the kick-off of certain new projects. Also, one must not ignore the fact that, in the past nine quarters, while the number of employees offshore has had a robust 23.1% CQGR, that onsite has grown by a mere 7.1%. Overall, the company added 261 employees in the quarter, taking the total to 1,552.

Good client traction continues

In Q3 and Q4 FY06, contribution from Prithvi's top client increased substantially, from 4% in FY05. In Q1 FY07, we saw this normalizing to 4.7%; again in Q2, the contribution stands at 4.6%. This quarter saw a good 20%-plus growth in all its client categories � top-client, top-five and top-10 clients.

Conclusion

At the CMP of Rs 391, the stock trades at 8.3x FY07 estimates and 5.3x those of FY08. These seem undervalued from a 12-month perspective. We re-iterate our BUY rating, with a target price of Rs 525
(11.2x FY07 and 7.1x FY08 estimates).

High Risk and High Return Stock Information

Stock Market India — 2006-11-01T12:03:19-08:00

ECE INDUSTRIES ( Rs.373.40) is expected to cross the Rs.500 mark in the next three months.
Keep track of its share price.

GRASIM ( Rs.2770) is being recommended by a highly respected analyst from Kolkata. He
expects the stock to reach a level of Rs.3500 in six month's time.

Goodyear India

Asif Ahmed Farooqui — 2006-11-01T05:57:16-08:00

(500168) Goodyear India. For the last four quarter sales are rising. TTM EPS is Rs 10 and with book vale of Rs 37. Recently rubber price have come down to Rs 9200. Rubber is primary raw material for tyres. Boom in industrial tyre demand enable company to draw its margin and higher capacity utilization. The stock is undervalued at current market price. Investor advice to stay hold

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com

Stocks in Asia Rises

vishaldon — 2006-11-01T03:06:20-08:00

It was good to see quite a few Asian stocks climb yesterday taking the Australian and the Hong Kong Indexes to reach record closes yesterday with the Australian S&P/ASX 200 Index rose 0.6 percent and Hang Sang Index gained 0.7 percent . The other Indexes which rose were the Kospi in South Korea, Japanese Nikkei,

The reason for the rise in these stocks in Indexes was the gains made by a metal that is zinc and copper. It is expected that next year growth is going to happen globally and demand is driving the commodities market to a large extent.

I feel that even thought the stocks are doing well due to good commodities market, when currencies especially Yen doing great against the dollar may take the Indexes down, like today morning when the Nikkei dropped 0.4 percent with a stronger Yen

To know more about the Asian market logon to my blog

www.investormarketnews.blogspot.com

Cool 25% profits in 1 month to 3 months investment time expected here

Stock Market India — 2006-10-31T20:30:05-08:00

ELECTROTHERM
Present Price - Rs.317.95
Projected Price - Rs.400 plus

The two decade old Electrotherm (ET) caters to Ferrous and Non Ferrous Foundries, metal melting industry supplying thin modern Medium Frequency Induction Melting Furnaces, Metal Refining Converters, Induction ladle Refining Furnaces, Induction heating/hardening Equipment, Submerged arc furnaces and a host of allied products. Indus Elec-trans, a division of Electrotherm (ET), is formed to manufacture electric vehicles and hybrid electric vehicles which are highly fuel efficient since they run on batteries. The company has an Equity Capital of Rs.4.77 cr ( to reach Rs.7.50 cr plus next year) and a Strong Book Value of Rs.66.40. It reported a net Profit of Rs.5.76 cr in the first quarter and a Net Profit of Rs.8.35 cr in the second quarter ending Sept06. We expect the company to report total net profit of Rs.30 cr plus for FY07 and around Rs.55 cr plus for FY08. On the technical front, the stock has broken out of a bullish pattern and is all set for an explosive move. Long term holders can expect higher returns.

India raises limit on foreign buying of bonds

djdde — 2006-10-31T11:40:36-08:00

[url=http://www.gnutrade.com/traders_forum/currencies/]India's central bank plans to raise the limit on holdings of government bonds by overseas investors by 60% within five months.[/url]
The limit for total ownership by foreign investors in the 9.5 trillion rupee ($211 billion) sovereign debt market will be raised to $2.6 billion by the year-end and to $3.2 billion by March 31, from $2 billion now, the Reserve Bank of India said in a statement in Mumbai today. The central bank left the limit on ownership of corporate bonds unchanged at $1.5 billion.

Indian Prime Minister Manmohan Singh said on Oct. 6 that the country needs a debt market with wider participation and higher volumes so that it can raise the funds needed to maintain economic growth. The restrictions are designed to prevent a sudden outflow of funds from causing a collapse in the rupee and a drop in the value of assets held by banks.

India's sovereign bond market is exceeded by the nation's $750 billion stock market capitalization. Indian lenders hold about 3/4 of government debt outstanding, of which less than half is traded.

India needs to increase investment to boost growth to 10% from an average 8% posted in the past three financial years through March 31.

Crude Oil's Highest Dropout

vishaldon — 2006-10-31T04:01:52-08:00

Crude oil traded below $59 a barrel after posting the biggest one-day decline in more than a year, yesterday on forecasts that warm U.S. weather will reduce demand and strengthen stockpiles. Higher-than-usual temperatures are expected in most parts of the U.S. from Nov. 6 to Nov. 12, the National Weather Service reported that is why the oil price is losing momentum and also for the various other underlying reasons. The forecast for mild temperatures in the U.S. Northeast is delaying the expected rise in demand.

Oil prices also fell yesterday because of declining concerns about the security of Saudi Arabia's Ras Tanura oil terminal, Naval forces from the U.S.-led coalition were sent to protect the terminal after the threat of a terrorist attack from the sea

Crude oil for December delivery traded at $58.38 a barrel, up 2 cents, in after-hours electronic trading on the New York Mercantile Exchange Yesterday, it fell about $2.39, or 3.9 %, to $58.36, the biggest one- day decline since Aug. 17, 2005.

The decline in oil prices since mid-July prompted the Organization of Petroleum Exporting Countries (OPEC), which produces about 40 % of global (world) supply, to agree to reduce output by 1.2 million barrels a day starting Nov. 1. OPEC ministers will review their cuts when they next meet on Dec. 14.

Saudi Arabia, the biggest oil producer, will definitely implement the 1.2 million barrel-a-day reduction in output like the group announced earlier this month, Khalid al-Falih, a senior vice president with state-run Saudi Aramco, said yesterday.

to know more about the market logon to my blog
www.moneyeasymoney.blogspot.com

Indian Markets are the Best options for FII's

vishaldon — 2006-10-31T03:59:00-08:00

BSE Sensex crossed 13,000 points milestone with FII's, IT and banking companies bullish performance. In October FII's pumped 7,000 crores into the equities. In the last two years, for FII fund managers, the Indian markets have been one of the best performing in their portfolio, bringing them millions in bonuses. But, since the sensex had risen substantially during the same time, they had diversified their portfolio to medium-sized companies after the larger ones became fully valued. In the sudden global meltdown in May, stocks of medium-sized companies fell the hardest even as the Indian markets fell faster than their counterparts in other emerging markets. But in the recent months with the performance of IT and banking companies the FII's are showing interest to invest in Indian markets.

An analyst with a leading US-based FII says: "Investors kept asking why are we not investing in India which showed promise of growing at 8% for the next couple of years rather than in Japan which was coming out of the woods, or Korea.

Since September 15, 2006, when 30-share BSE Sensex had crossed 12,000 mark, banking and IT stocks have been driving the bull run. While Sensex went up by around 8.4% during this period, the BSE index for banking companies improved by 15.5% and that of IT companies also rose by 12.2%.

However, other sectors like FMCG, health care, auto and public sector undertaking (PSUs) did not perform well. Index of FMCG companies moved marginally up by 0.5% during this period. Because of the flood in various parts of the country and drought in other parts, demand for FMCG products did not pick up in the second quarter. Therefore, investors are apprehensive about performance of FMCG companies.

The share price of Hindustan Lever, which is the leader in the FMCG sector and has 3% weightage in the index, fell by 6% from Rs 243.55 on September 15 to Rs 228.75 on Monday. Similarly, share prices of other companies like Nirma, P&G and Colgate have also come down.

The share prices of banking sector companies were a clear indication that the investors have confidence in the Indian economy. The banking sector could be taken as proxy for the economy. As the general perception in the market is that Indian economy would perform well in the short to medium term, there is a demand for the shares of banking sector companies.

Similarly, companies from IT sector also performed well. This is mainly because of better than expected results from large companies like Infosys, Wipro and TCS. Good results by thesecompanies have made the sector attractive. The Bull Run has also encompassed medium and small cap companies indicating that investors' interest in these companies have come back. Still it has not recovered to the pre May 2006 crash level.

play the market....
to know more log on to my blog
www.moneyeasy money.blogspot.com

30% to 35% Gains in Short Term to Medium Term in this Scrip

Stock Market India — 2006-10-30T13:45:49-08:00

Sagar Cement (Code:502090) (Rs.131) has doubled in the recent rally, but it still has great potential to rise further. After reporting stunning numbers for the June'06 quarter, the company has once again declared mind-blowing numbers for the Sept.'06 quarter. Sales have jumped 70% to Rs.27 cr. whereas net profit stood at Rs.5.25 cr. in spite of a huge tax provision of Rs.4.20 cr. For the current six months its sales were Rs.56 cr. and net profit was Rs.15 cr. compared to Rs.32 cr. and loss of Rs.1 cr. in the previous corresponding period. Notably, its OPM has improved substantially to 40% from 6% last year because of better price realization and a drastic fall in 'other expenditure'. Assuming the same trend for the second half, it may end FY07 with sales of Rs.120 cr. and net profit of Rs.26-27 cr. resulting in an EPS of Rs.21 on its fully diluted equity of Rs.13 cr. At a reasonable P/E ratio of 8, the scrip can touch Rs.175 in the short to medium-term.

*****

Easun Reyrolle (Code:532751) (Rs.590) is as a strong and independent solutions provider in the areas of power system protection, control, automation, metering and switching segments. It has recently ventured into a new business area i.e. construction of projects on turnkey basis under which it will mainly concentrate on substation projects and power system automation projects. Recently, it announced encouraging numbers for the Sept'06 quarter. Total revenue jumped by 25% to Rs.31.70 cr. and net profit grew by 10% to Rs.3.9 cr. For future growth, it is setting up a 45,000 sq. ft. world class manufacturing facility at Hosur for medium voltage switchgear at an investment of Rs.12 cr. For the full year FY07, it is estimated to report a top-line of Rs.125 cr. and bottom-line of Rs.15 cr. This works out to an EPS of Rs.48 on its tiny equity of Rs.3.33 cr. With a huge reserve of Rs.35 cr., it is a strong bonus candidate as well. Accumulate at dips.

*****

GNFC (Code:500670) (Rs.106) basically manufactures and distributes fertilizers like Urea, Ammonium Nitro-phosphate, Calcium Ammonium Nitrate and chemicals like Ammonia, Weak Nitric Acid, Concentrated Nitric Acid, Methanol, Acetic Acid, Formic Acid etc. Purely on fundamental basis, it is trading fairly cheap and with a nominal risk of major correction from the current level. Its Sept'06 quarter was not that encouraging on account of a fall in margin due to increased in power cost and other expenditure. Its turnover grew by 25% to Rs.688 cr. but net profit was flat at Rs.74 cr. However for the full year FY07, it is estimated to report sales of Rs.2450 cr. and net profit of Rs.275 cr. on standalone basis. This works to an EPS of Rs.19 on its equity of Rs.146.50 cr. Besides, the merger with Narmada Chematur will make it fundamentally much stronger as it will bring in additional profit of around Rs.60 cr. but the equity dilution will be of only Rs.9 cr. So on a consolidated basis, it may report an EPS of Rs.22. Notably, GNFC has brought down its debt to Rs.270 cr. from Rs.500 cr. and has huge reserves of more than Rs.1000 cr. Besides, it is a good dividend paying company with an uninterrupted dividend track record for the last two decades.

Almost 65% to 70% Stock Returns can be expected in Medium Term

Stock Market India — 2006-10-30T13:41:09-08:00

Canfin Homes (Code:511196) (Rs.59) has been a laggard for quite some time in spite of its strong fundamentals and great dividend yield. The reason was the constant selling by the promoter group institutions like HDFC and UTI. In the last two years, the promoters stake has come down to 29% from 54%. But importantly Canara Bank now holds the whole 29% stake and it does not want to dilute its stake. For the Sept.'06 quarter the company has once again come out with flying colours. Its total revenue grew by 35% to Rs.48 cr. whereas PAT increased by whopping 60% to Rs.8.90 cr., thereby registering an EPS of more than Rs.4 for the quarter. For the full year FY07, it may report a top line of Rs.190 cr. and net profit of Rs.33 cr. i.e. EPS of Rs.16. This means that the scrip is currently trading at a P/E ratio of less than 4. With a staggering book value of Rs.85 and dividend yield of around 5%, this scrip is bound to cross Rs.100 in the medium term. A screaming buy.

*****
Thirumalai Chemicals (Code:500412) (Rs.180) has world scale plants for manufacturing diverse products including Phthalic Anhydride (PAN), Maleic Anhydride (MAN), Fumaric Acid, Food Acids etc. Due to some changes in its marketing strategies, the company has improved its capacity utilization leading to higher sales volume and thereby bringing economies of scale. For the Sept.'06 quarter, sales increased by 15% to Rs.139 cr. and net profit increased by 25% to Rs.10 cr. posting an EPS of Rs.10 for the quarter. For the six months ending Sept.'06, its net profit is Rs.20 cr. compared to Rs.14.50 cr. for the entire last year. For the full year Fy07 it may clock a turnover of Rs.525 cr. and net profit of Rs.35 cr. i.e. EPS of Rs.35 on its current equity of Rs.10.25 cr. However the shutting down of its Maleic Anhydride plant last month will affect the bottom-line marginally. Buy on declines.

RE: FEDERAL-RESERVE HELP STEADY US INFLATION:

colocho — 2006-10-30T10:42:39-08:00

U.S. stock-index futures fell before reports that may show growth in U.S. consumer spending decreased and inflation is accelerating at a pace the Federal Reserve will consider a threat to the economy.

Standard & Poor's 500 Index futures expiring in December lost 2.10 to 1382.70 at 8:08 a.m. in New York. Dow Jones Industrial Average futures slipped 19 to 12,118. Nasdaq-100 Index futures dropped 1 to 1730.50.

Investors are looking for a slowdown in growth, but not so much as to destroy corporate earnings.

U.S. stocks have climbed in each of the past five weeks, the longest such streak in 11 months, propelled by accelerating earnings growth and signs the world's largest economy is slowing without falling into a recession.

The Dow industrials set records in each of the four first days of last week. The rally slowed after a report Oct. 27 that showed the economy grew at the slowest pace since 2003 raised the possibility that earnings estimates may be too high.

RE: OIL DEMAND HEATING

colocho — 2006-10-30T10:37:56-08:00

Oil slipped below $60 on Monday as investors preferred to put money into other commodities as they waited for signs that OPEC members would adhere to their pledge to cut crude supply.

U.S. light crude tumbled $1.05 a barrel to $59.70, almost giving up gains made on Friday.

Brent crude fell $1.27 to $59.81 a barrel.

It will be some time before output cuts by members of the Organization of the Petroleum Exporting Countries have any impact on high crude stocks in the world's largest consumer the United States.

Shipments take weeks to arrive in the U.S. from the Gulf.

Until then, investors see potential for more gains elsewhere.

Some investors doubt OPEC members will fully adhere to their agreement to cut 1.2 million barrels per day (bpd) from supply from Nov. 1.

To date, OPEC's largest exporter Saudi Arabia and the UAE are the only countries to have informed customers of supply cuts.

Refiners who buy crude from other big OPEC producers like Iran and Kuwait say they have yet to see receive notification of the new curbs.

Preliminary data for October planted further doubts among investors on Friday as it showed a small rise in OPEC output.

The group's October production was 30.18 million bpd, up from 30.15 in September, consultant Petrologistics said on Friday, despite pledges that month from Nigeria and Venezuela to voluntarily cut back.

Oil rose last week as U.S. crude stocks fell sharply, chilly winter weather kicked in and on concern about supply security from Saudi Arabia. The price has risen over $4 from its 2006 low of $56.55 on Oct. 20.

Signs of an early or chilly winter in the U.S. Northeast have lent some support to prices, although a Friday forecast by Meteorlogix called for temperatures to return to seasonal norms by later this week, tempering heating fuel demand.

Most projections have called for a normal to colder-than-usual winter. The cold may put heating oil stocks under pressure, although last week stocks were 7% higher than a year ago.

Last week's data showed robust demand growth in the United States, but figures out on Monday showed China's implied oil demand rose only 3% in September from a year ago, the slowest pace since a contraction in January.

Important News which Move Stock Prices

Stock Market India — 2006-10-30T06:00:42-08:00

* IMP Power is tipped to move up sharply as it is likely to report an EPS of Rs.13 in FY07. Persons in the know have acquired the shares.

* Banco Products may post a net profit of Rs.7 cr. for Q2FY07 and the FY07 EPS would work out to over Rs.35 and the share is likely to cross the Rs.350 mark.

* The shares of Mount Shivalik are being acquired by knowledgeable sources in anticipation of the scrip touching the Rs.75 mark.

* Prithvi Information may announce a net profit of Rs.21 cr. for Q2FY07 and its EPS for FY07 may touch Rs.45. The share is poised to touch Rs.500.

* Investors were awaiting a bonus from Walchandnagar Industries but the company has gone for a preferential issue to promoters at Rs.634 per share to increase liquidity and fund its expansion.

* Amrutanjan has reported stunning results and is a good buy. The company is looking to enhance the brand and is also focussed on biotech research.

* Tamilnadu Government has planned a massive procurement of TV sets. Videocon and picture tube makers like Samtel Colours are in for good times.

* Usha Martin has been posting consistently good results and is considered a good buy.

* Aarti Industries quoting at a low PE is a value buy. The promoters may convert the warrant into shares at twice the current market price according to few marketmen.

* Book profits in Sujana Universal as it is planning further equity dilution and buy Bilpower Ltd. instead.

* As forecast, Winsome Textiles is on fire hitting non-stop circuits. Scrip can still rise 50% from current levels. Don't book profits in a hurry.

* Something is cooking in Sanjivani Parenteral. Company may surprise the market with some positive announcement along with the Sept'06 numbers. Keep a track of its volumes.

* Retail investors are frustrated as the market is moving up but their portfolio is going nowhere. Have patience and wait, as action is about to begin in mid-caps and small-caps.

* Canfin Homes is tipped to shoot up sharply in the near future. This is one of the best bet to gain 25% ~ 30% in a month or so. Just go and grab it before its too late.

OIL DEMAND HEATING

vishaldon — 2006-10-30T04:35:56-08:00

U.S. stocks ended down slightly on Friday after a report showing third-quarter U.S. economic growth was the weakest in more than three years and shares of Intel Corp. and other semiconductors slid, this is what happened on Friday.

Prices of oil jumped on Oct 27th, after the US and the UK intimated that they had developed warships to protect Saudi Arabia's largest oil export terminal. Oil would have gone much higher if traders had perceived a real threat to the terminal. New York futures had their first weekly gain in five weeks last week after the Organization of Petroleum Exporting Countries (OPEC) decided to cut production and as traders anticipated higher winter demand in the Northern Hemisphere.

Crude oil reduced gains in New York, after rising earlier in the day on forecasts that colder U.S. weather may increase heating demand in the world's largest energy user. Crude oil for December delivery traded up 6 cents at $60.81 a barrel in electronic trading on the New York Mercantile Exchange. Earlier today, it rose as much as 30 cents, or 0.5 %, to $61.05 a barrel.

Capita Tele suggests BUY Call this Friday

Stock Market India — 2006-10-28T06:01:09-07:00

BUY : 3i Infotech at Rs 183
BSE Code : 532628
NSE Symbol: 3IINFOTECH
Market Lot: 1

Through aggressive inorganic growth, 3i Infotech is expanding fast
across various geographies, industry verticals, products and services.

Actual consolidated EPS for March 2005 : Rs 6.2
Actual consolidated EPS for March 2006 : Rs 10.8
Projected consolidated EPS for March 2007: Rs 17

35% to 40% Gain is Expected in this Stock on Medium Term

Stock Market India — 2006-10-27T23:13:54-07:00

Kesoram Industries is estimated to perform better in the coming quarters with cement price remaining firm and capacity expansion. Tyre segment is also expected to fare well with rubber prices skidding to around Rs 85/ kg. Buy with a price target of Rs 640.

Kesoram Industries (KIL) has come up with a strong performance for Q2FY07. Pickup in cement and tyre realizations and cement volumes has made Net Sales grow by 32.4% YoY to Rs 505 crore. PAT grew by 2630.9% to Rs 56.8 crore. KIL's 1.65 million tonne cement capacity expansion at Karnataka is progressing as per schedule and is expected to commence production from Q4FY07. We estimate the company to perform better in the coming quarters with cement price remaining firm and capacity expansion at the right time. Tyre segment is also expected to fare well with rubber prices skidding to around Rs 85 per kg from the highs of Rs 115 per kg in May 2006.

Cement to drive growth going forward:

KIL is adding 1.65 million tonne cement capacity (57% addition to its total capacity of 2.9 million tonne inclusive of 0.9 million ton at Andhra Pradesh) at its Karnataka plant, which is expected to commence production from Q4FY07. Production is expected to get streamlined from Q1FY08 when cement prices are expected to peak in the current cement cycle. KIL's cement volumes are estimated to go up by 25% in FY08 due to strong demand for cement in the Southern and Western region, the key markets for KIL.

Fall in rubber prices to boost tyre margins:

Rubber prices in the international markets and domestic markets have fallen from record highs from the middle of Q2FY07. The international and domestic average rubber price for Q2FY07 was higher compared to Q1FY07. The current rubber price is lower by 8-9% compared to the average rubber price for Q2FY07. Tyre producers have hiked the prices by 6% in June 2006 and reduced by around 4-5% in September 2006. KIL has recorded increase in EBIT margins of tyre segment from 4.7% recorded in Q1FY07 to 6.1% in Q2FY07. Tyre margins are expected to improve further for KIL in the coming quarters as tyre manufacturers are expected to benefit from reduction in rubber prices and Carbon Black due to fall in crude oil prices. The anti-dumping duty on truck tyres is also expected to partially help KIL improve its margin in tyre segment.

Plans to add Cement and Tyre capacity:

KIL has planned a Brownfield Cement capacity at its existing Vasavadatta unit by another 1.5 million tonne and required Captive Power Plant at a capex of Rs 450 crore. KIL is having required land for the new cement plant and the plant is expected to come on line in FY09. After this expansion, the total capacity of KIL will become 6.05 million tonne. KIL has also planned to put up a Greenfield tyre capacity in Uttaranchal with 250 tonne capacity at a capex of Rs 650 crore.

Valuations

KIL is expected to be a major beneficiary of the robust cement demand and fall in rubber prices. The strength in cement prices is expected to sustain till the end of FY08 and the capacity addition is at a right time for KIL. the stock is expected to appreciate further. Based on these valuations, price target is raised to Rs 640 for next 12 months along with maintaining BUY recommendation. FY07 EPS is estimated at Rs 54.7 and for FY08 at Rs 64.1. target price of Rs 640 discounts estimated FY07 and FY08 earnings by 11.7x and 10.0x and EV/EBIDTA by 7.8x and 6.3x respectively.

FEDERAL-RESERVE HELP STEADY US INFLATION:

vishaldon — 2006-10-26T04:14:47-07:00

U.S. stocks advanced, sending the Standard & Poor's 500 Index to its longest winning streak since March, after the Federal Reserve said that the economy is expanding and inflation is under control but also indicated that the growth us less then the expected. The central bank also indicated there still exist the caution of inflation. By the indication at the end of the second day meeting that gathered to discuss the cut down the interest rate may not be possible in the coming month. Federal Reserve Bank of Richmond President Jeffrey Lacker voted against a pause and for a quarter-point rate hike. The other 10 members of the Fed's policy-making committee voted to leave rates unchanged.

In spite of a surge in oil prices and a mixed batch of company earnings early in the session, Wall Street stocks closed higher yesterday, as the market responded positively to the US Federal Reserve's decision to keep its target for the federal funds rate at 5.25 %, earnings are going to be critical as a slowing economy is not going to lift all boats. The stock market and bond market have been pricing in the assumption that the economy is going to slow to a sustainable rate and inflation is going to continue to decline,

Energy shares led the rally as crude oil rose the most in seven months.

ConocoPhillips, the third-largest U.S. oil company, exceeded analysts' estimates. An industry report showed that the housing market continues to cool, driving the economic slowdown. According to the market research in US it showed home resales fell 1.9 % in September to the lowest level in almost three years.

www.moneyeasymoney.blogspot.com

Book double profit

sharetipsinfo — 2006-10-24T22:39:27-07:00

Buy PATNI now and hold it for 1 year and see how it rises , it will be double within 1 year. Book accordingly.
If you can hold it for 1 year hold it and make your money double else hold it at least for 4 months to have very decent returns.

The Company's current market value of investments is Rs 235 Cr, which translates into Rs 80/share. Given the strong demand on the back of near normal monsoons, the company is expected to continue its growth momentum during the next year also.

Stock Market India — 2006-10-23T18:38:40-07:00

Zuari Industries Ltd (ZIL)
(CMP: Rs 182)The Company's current market value of investments is Rs 235 Cr, which translates into Rs 80/share. Given the strong demand on the back of near normal monsoons, the company is expected to continue its growth momentum during the next year also.

ZIL (formerly known as Zuari Agro Chemicals), one of the leading companies of the Rs 8,000 crs K K Birla conglemerate was incorporated in 1967 jointly by United Steel Corporation of USA and the Birla Group. ZIL is mainly into the manufacture of chemical fertilisers viz., Urea, Diammonium phosphate (DAP) and compound fertilisers.
ZIL has also promoted Chambal Fertilisers Chemicals Ltd in 1987 and later acquired majority stake in the Public Sector fertiliser company Paradeep Phosphates Ltd (PPL) through Zuari Moroc Phophates Pvt Ltd, a 51:49 JV between ZIL and Moroc phosphore, SA, Morocco. With the acquisition of PPL, ZIL has become the largest producer of fertiliser in the private sector in India.
In a move to encourage fertiliser production, we believe that Government of India (GOI) is likely to formulate new policy initiatives which would exempt fertiliser manufacturers from sharing their extra gains with the government in respect of production beyond their stated capacities. As compared to the existing scheme, where Government claims 65% of the net gain made by a urea unit from the extra output, we believe that under the new scheme, GOI, in addition to paying the full subsidy, is unlikely to intervene if the urea manufacturer produce beyond 100 % capacity utilisation.
ZIL, along with Chambal Fertilisers and Chemicals Ltd, is one of the largest fertilizer companies in India. ZIL has shown robust performance on the back of better realizations under the New Pricing Policy due to its cost efficiencies. The Company's current market value of investments is Rs 235 Cr, which translates into Rs 80/share. Given the strong demand on the back of near normal monsoons, the company is expected to continue its growth momentum during the next year also.

At the current price of Rs 168, THIS STOCK trades at 12 x its Annualised EPS which is attractive considering the growth prospects and leverage from the acquisitions

Stock Market India — 2006-10-23T18:35:38-07:00

Aurionpro Solutions Ltd
(CMP : Rs 168)
AurionPro Solutions is a provider of IT solutions to the banking and financial services industry and specialises in products for treasury and risk management. About 65 per cent of its revenues come from overseas business and largely from US and other Asian countries.
The company is following a strategy of growing through existing clients and inorganically through acquisitions. Its existing clients are HDFC Bank, ICICI Bank, Standard Chartered Bank, Bank of Singapore , Deutsche Bank etc. Recently, the company acquired SPS Corporation and Coban Corporation in the U.S. Coban provides high-end enterprise web technologies and enterprise integration technologies to Fortune 1000 clients focusing on the web portal and enterprise content management space. SPS corporation has a revenue of $92 mn ( Rs 420 crore) for the year ending Mar 06. These two acquisitions result in over 50% business from the USA. These acquisitions will help achieve the size and scale to launch AurioPro's banking suite in the US market next year and enable the company to compete for major contracts globally with fortune 1000 clients.
Dynamics of the IT environment favours the company. Banks globally are increasing their spends in building systems around core banking solutions and the Company expects the trend to accelerate in years to come. This augurs well for the continued growth of the Company's banking IT business. For FY06, it delivered YOY growth of 121% for Net Sales at Rs 23.12 crore with Net profit of Rs 5.56 crore. For H1FY07, it has Net Sales of Rs 42.18 cr and Net profit of Rs 7.05 with EPS of Rs 6.52. At the current price of Rs 168, it trades at 12 x its Annualised EPS of Rs 13.05 for H1FY07, which is attractive considering the growth prospects and leverage from the acquisitions.

CATERPILLAR DRAGS DOW JONES TO LOWER:

vishaldon — 2006-10-23T04:47:27-07:00

After a three week rally in the US stock market which lifted Dow Jones Industrial Average to beat the mark of 12000 high for the first time. Caterpillar Inc and JPMorgan Chase & Co the third-largest U.S. bank, measured declines among financial shares they said that decline for the demand for mortgages and lower fees and low interest income led to drop in credit card revenue this provided the biggest disappointment for the current US earning season, as the Dow Jones managed to stay above the 12000 barrier which it breached for the first time on Thursday, thanks to the strong third quarter earning from the likes of Johnson & Johnson, the pharmaceutical and health products group, and soft drinks company Coca-Cola.

But the news of lower-than-expected third-quarter earnings from the world's largest maker of earth-moving equipment said that sales growth for the next year would be flat to 5 % and a cut in its guidance for the fourth quarter which dragged the Caterpillar shares 14.2 % lower to $59.20.

Technology shares such as Applied Materials Inc. dropped after semiconductor-equipment orders slowed and Intel Corp., the world's largest chipmaker announced that they lowered its spending budget on new plants and equipment to a maximum of $5.9 billion from a forecast of about $6.2 billion.

play the market...

moneyeasymoney.blogspot.com

bestinvestorspoint.blogspot.com

easyearningmoneypoint.blogspot.com

The Sensex is standing at support level

Asif Ahmed Farooqui — 2006-10-22T15:34:33-07:00

The Sensex is standing at support level see chart. In market is able to close positive up trend is expected to back on track. Sensex already corrected about 200 point in last week which is sufficient in this type of Bull Run. Traders can courage to take long position if the trend on Monday remains positive.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

NSEMUMBAIBULL Strong BUY - "Hindalco Industries Ltd."

VINCENT. D'COSTA — 2006-10-21T04:27:16-07:00

Dear Investors/Clients,

NSEMUMBAIBULL Equity Research Team Strongly Recommended to BUY "Hindalco Industries Ltd" @ Current Price. Target with in 6 Months is Rs.300/-

Hindalco Industries Ltd., the flagship company of the Aditya Birla Group, has posted an outstanding performance for the quarter ending 30 September 2006.

Net sales and operating revenues grew by 74 per cent from Rs.2,659.30 crore to Rs.4,634.20 crore. Net profit rose by 90 per cent to Rs.597.60 crore vis-�-vis Rs.313.80 crore.

Hindalco's excellent performance is a testimony to the high operating benchmarks that it has set for itself. The company's fundamental strengths along with macroeconomic elements combined to deliver strong performance for the second quarter running. The company's endeavour would be to keep up to the exacting standards set in the face of severe inflationary pressures and cost push in feed stocks.

This is 35th Stock Recommendation from NSEMUMBAIBULL Equity Research Team. All our Recommended call status available on our website & Hindalco Industries Ltd's recommendation PDF file you can download from the website. Visit http://www.nsemumbaibull.com

"Equity is the best investment for long term".

Happy Trading & Investing,

NSEMUMBAIBULL,
DALAL STREET,
MUMBAI, INDIA
Website http://www.nsemumbaibull.com
Our Yahoo Group http://in.groups.yahoo.com/group/NSEMUMBAIBULL
Our Group http://groups.google.com/group/nsemumbaibull
-------------------------------------------------------------------------------------------------------------------------
: : : : : : Y o u r S u c c e s s S t a r t F r o m H e r e : : : : : :
-------------------------------------------------------------------------------------------------------------------------

One more Short term investment from Capita Tele

Stock Market India — 2006-10-21T02:33:33-07:00

BUY : Easun Reyrolle at Rs 576
BSE Code : 532751
NSE Symbol: EASUNREYRL
Market Lot : 1

Easun Reyrolle is a leading player in the field of power system
protection, control and automation. The company is set to sustain its
exponential growth in future on the back of strong investment growth in power
sector and its own initiatives in expanding the product range and
ramping up its infrastructure

Actual adjusted EPS for March 2005 : Rs 10.7
Actual adjusted EPS for March 2006 : Rs 39.3
Projected adjusted EPS for March 2007: Rs 57.9

Tata Steel - dewali buy

Asif Ahmed Farooqui — 2006-10-20T17:33:51-07:00

Acquisition of Corus Group plc will make tata steel fifth largest global steel producer with pro forma crude steel production of 23.5 million tonnes in 2005 (2005 production figure) . Corus Group's EV/ton (US$) for 538. Beside this acquisition company is undergoing major expansion plan. Tata Steel proposes to establish three greenfield facilities in Orissa, Chhattisgarh and Jharkhand, with an aggregate capacity of 23 million tonnes. Tata Steel making a total estimated investment of Rs. 70,000 crores in the next decade. Company is goal of becoming a 25-30 mtpa company by 2015. Considering present acquisition company is very near to its target. Tata steel on Indian Stock Exchange is an undervalued stock. The stock is trading at the P/E of 8 having book vale of Rs 176. World steel industry is in consolidation phase. This exercise will give players pricing power. The stock is expected to touch Rs 900 in next two years. CMP BSE Rs. 507.85

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

RE: DERIVATIVE PICK - MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD - FIFTEEN DAYS to ONE MONTH

venkat — 2006-10-19T06:24:35-07:00

hey i am holding satyam computers is it better to hold the stock or sell it off

RE: Capita Suggests to BUY this Pharma Major for Better Gains

venkat — 2006-10-19T06:23:57-07:00

RE: Capita Suggests to BUY this Pharma Major for Better Gains

venkat — 2006-10-19T06:23:17-07:00

hey i am holding satyam computers is it better to hold the stock or sell it off

Capita Suggests to BUY this Pharma Major for Better Gains

Stock Market India — 2006-10-18T11:40:46-07:00

BUY : IPCA Laboratories at Rs 426
BSE Code : 524494
NSE Symbol: IPCALAB
Market Lot : 1

Ipca Laboratories is a backward integrated, fast growing pharmaceutical
major, with a strong thrust on exports. It has reported 25% jump in net
sales and a whopping 102% rise in net profit in September 2006 quarter.
As the sales growth for the second half is expected to continue over
25% with much better profit margins, the company's financials are set for
a major uptrend.

Actual EPS for March 2005 : Rs 31.4
Actual EPS for March 2006 : Rs 25.6
Projected EPS for March 2007: Rs 38.1

DERIVATIVE PICK - MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD - FIFTEEN DAYS to ONE MONTH

Stock Market India — 2006-10-17T10:46:05-07:00

DERIVATIVE PICK - MEDIUM RISK / MEDIUM RETURN - HOLDING PERIOD - FIFTEEN DAYS to ONE MONTH

ICICI BANK ( Rs.727) : The stock was a clear outperformer especially on a day when the rest of the market was showing a lot of weakness. The stock has closed on a strong note and both the 14 day RSI and StochRSI has given fresh buy signals. Buying is advised above Rs.730 with a stop loss of Rs.719 for a target price of Rs.742 and Rs.754.

SATYAM COMPUTER ( Rs.448) : All tech sector stocks are showing a lot of strength and amongst these Satyam has the best pattern. We expect the stock to move up from the current levels and once the results are announced the move can be very sharp and swift. Buy above Rs.450 with a stop loss of Rs.442 for a target price of Rs.462 and Rs.468.

RE: Capita Suggest Good Stock to BUY

vhparekh — 2006-10-16T13:42:29-07:00

How to Buy?? it was on ckt on the day of recommendation and today also it opened with a ckt..

RE: Capita Suggest Good Stock to BUY

Stock Market India — 2006-10-16T12:09:59-07:00

Crisil has hit the Upper Circuit by 10% and reached to Rs. 2,146.20 today. Hope you had invested in this stock.

Capita Suggest Good Stock to BUY

Stock Market India — 2006-10-14T21:43:49-07:00

BUY : CRISIL at Rs 1949
BSE Code : 500092
NSE Symbol : CRISIL
Market Lot : 1

A 56.5% subsidiary of Standard & Poor's, CRISIL will maintain high
growth as the advisory, research and rating opportunities grow manifold due
to strong growth in economy, markets, investments and outsourcing.

Actual adjusted EPS for December 2004 : Rs 30.2
Actual adjusted EPS for December 2005 : Rs 49.7
Projected adjusted EPS for December 2006 : Rs 96.6

16% Quick Profit expected in Short term investment

Stock Market India — 2006-10-12T14:42:43-07:00

16% Quick Profit expected in Short term investment

AMARRAJA BATTERIES
Present Price - Rs.395; Projected Price - Rs.460

Amar Raja Batteries is a dominant leader in Industrial Batteries and is emerging as a fast growing brand in the Automotive Batteries segment. The company has cornered more than 25% share in the domestic automotive battery market. It has forged relationships with all major auto OEMs operating in India and that too just in a span of six years of operations. The company is a preferred supplier to all major cellular service provider's switch and exchange manufacturers and is likely to be a major beneficiary of the increased spending on network expansion. We expect the company to report EPS of Rs.34 plus for FY07 and Rs.50 plus for FY08. The company has an Equity Capital of Rs.11.4 cr. On the technical front, the stock has broken out of a bullish pattern and is headed for higher levels.

Capita Telepholio Gives BUY Recommendation

Stock Market India — 2006-10-11T12:03:49-07:00

BUY : Infosys Technologies at Rs 1981
BSE Code : 500209
NSE Symbol: INFOSYSTCH
Market Lot: 1

Infosys continues to offer earning surprises and one of the best
visibility in earnings growth. Another secondary ADS offer will also aid
faster appreciation

Actual consolidated EPS for March 2005 : Rs 33.3
Actual consolidated EPS for March 2006 : Rs 44.4
Projected consolidated EPS for March 2007 : Rs 68

Indian stock market future

sharetipsinfo — 2006-10-11T09:51:12-07:00

title="Indian stock market ">Indian stock market

is known for its volatility..Still it holds good future.
market is expected to touch new heights. With Infosys positive result out one can expect IT Sector to zoom up.banking sector is also looking good in near by time.
So jump up.
regards

title="sharetipsinfo">sharetipsinfo


title="sharetipsinfo">sharetipsinfo

BUY this stock for 20% gains in short term - Read Analysis

Stock Market India — 2006-10-11T00:03:08-07:00

JSW Steel:
Present Price: Rs. 300
Projected Price: Rs. 360

The outlook for steel industry is looking extremely promising becauseof exceptionally strong growth in emerging economies and shifting of basic steel making capacities from developing economies to emergingcountries. JSW Steel is the third largest producer of steel in Indiamanufacturing various flat steel products. Because of the company'srobust business model it has shown tremendous resilience during periodswhen the steel prices have been sluggish. With the short termcorrection for the steel industry being over JSW looks the mostpromising bet in the current scenario. On the technical front, thestock breaks out of a bullish pattern once it closes above Rs.311. Buyat current levels and add aggressively once it closes above Rs.311.

BUY Calls from Ashwani Gujral and Rajat Bose

Stock Market India — 2006-10-09T21:18:02-07:00

Ashwani Gujral:

Buy Micro Technology with stop loss of Rs 180 for a target of Rs 230/280
Buy Colgate with stop loss of Rs 360 for a target of Rs 420/465

Rajat Bose:

Buy Dewan Housing (Rs 79.95) with a stop loss below Rs 78.75 for a target of Rs 84 and Rs 88.75
Buy ITI (Rs 62.70) once it crosses Rs 63.45 with a stop loss below Rs 62.40, keeping a target of Rs 67.40

Gain 30-40% in short term.

Leoganesh — 2006-10-09T04:02:38-07:00

Dear Friends,

Pls visit : http://www.theindianstocks.com/forum/bb/index.php

Positional calls were given today in 2 stocks which will have an immediate appreciation. Please register for free to view the Daily Calls Section.

BUY for 40% gains on Mid term investment

Stock Market India — 2006-10-08T21:20:25-07:00

GREENPLY INDUSTRIES
Present Price - Rs.100.05
Projected Price - Rs.140

Greenply Industries enjoys a longstanding 21-year presence in India's plywood industry, and is the market leader in the organised sector, commanding a 25% share. Amongst the organised players in the industry, Greenply has the highest market share. Further, the share of organised players is expected to increase and Greenply would be in a strong position to consolidate its position. It has 17 branches across the country with a strong network of more than 810 dealers. Demand for the sector is on the upswing aided by a boom in the residential and commercial properties. Like cement and steel, demand for plywood and laminates is dependent on the development of residential and commercial infrastructure. On the technical front, the stock has broken out of a bullish pattern after a lot of consolidation. Long term holders with a one year plus time frame can expect higher targets.

Capita Recommends BUY Calls for Short Term - 8th Oct

Stock Market India — 2006-10-07T13:52:12-07:00

BUY : Kabra Extrusiontechnik at Rs 101
BSE Code : 524109
NSE Symbol: KABRAEXTRU
Market Lot: 1

Kabra Extrusiontechnik is India's largest manufacturer and exporter of plastic extrusion machinery. The company has recently entered into two technical collaborations with two leading MNCs in the field and also given them small equity stakes. These collaborations will open new growth avenues in terms of new product lines, higher export growth and better value addition.

Actual adjusted EPS for March 2005 : Rs 5.7
Actual adjusted EPS for March 2006 : Rs 7.9
Projected adjusted EPS for March 2007: Rs 10.0

Parekh Aluminex.

Asif Ahmed Farooqui — 2006-10-07T12:26:34-07:00

Capita Telepholio Recommends Short Term BUY Call

Stock Market India — 2006-10-04T13:26:11-07:00

BUY : Blue Star at Rs 134
BSE Code : 500067
NSE Symbol: BLUESTARCO
Market Lot: 1

Blue Star is India's largest central airconditioning and commercial refrigeration company. Fast-paced growth in organised retail,
hospitality and healthcare sectors holds sustained growth potential for the company.

Actual adjusted EPS for March 2005 : Rs 3.9
Actual adjusted EPS for March 2006 : Rs 5.4
Projected adjusted EPS for March 2007: Rs 7.3

BUY for Good 54% returns in Mid term

Stock Market India — 2006-10-03T15:13:48-07:00

We believe GMM Pfaudler Limited (GMMPL) to be acompelling value and growth play, as it enjoys market leadership in thedomestic corrosion resistant glass lined equipment market, finding applicationsmainly in the Pharmaceutical, Speciality Chemicals and Agro Chemicals segments.GMMPL is presently the largest domestic player controlling over 50% of thedomestic market and enjoys the best speed to market ability, long standingrelationships with large customers but more importantly is a subsidiary ofPfaudler Inc USA (51% equity held by Pfaudler USA) a global leader in GlassLined Reactors and process control equipment, enabling GMMPL to get easy accessto the latest technology and new product launches making it a premium supplierof process control equipment to domestic customers. With an expected CAGR of30% YoY in net profits over FY06-FY08E, we expect ROCE and ROE levels to remainhealthy at 20.5% and 22% respectively as on FY07E.
Investment Highlights
Strong Order Book Pipeline to drive toplinegrowth �GMMPL is a Tier I supplier to large domestic customers like Hoechst, Bayer,Cipla, Sun Pharma, Glaxo, Clariant, Micro Inks, Colour Chem, GE Plastics,Unichem, Novartis, Rallis and United Phosphorous. Segment wise thePharmacuetical segment is the largest customer for GMMPL, followed by theSpeciality Chemicals and Agro Chemicals business space. Strong buoyancywitnessed in consuming sectors like Pharmacueticals, Specilaity Chemicals andAgro Chemicals during FY06A resulted in a sharp rise in capex spending here,which pushed up demand significantly for GMMPL's products. We expect thebusiness momentum to remain strong for GMMPL considering the sharp rise in theunexecuted order book pipeline currently placed at Rs 736 mn (As on July 06)from Rs 348 mn in the same period last year, and with demand from theseconsuming sectors continuing to look good, the capex spend will further gathermomentum, with several large domestic pharma and Speciality Chemicals players likeGlaxo, Sun Pharma, Novartis, Micro Inks, already planning large capacityexpansions over the next 18-24 months. Hence we expect this to positivelyimpact GMMPL's revenue and profitability growth over the next 12-24 months.
Exports offer GMMPL a strong outsourcingopportunity in future � In the Export arena, GMMPL has been exporting to customerslike Shinko Pantec Japan,Glaxo UK, Roche Pharma China andPurolite International UK. Exports during FY06A totaled Rs 67.9 mn accountingfor 6.6% of total revenues and were mainly to markets like Japan, South Africa, UKand the Middle East. What is more noteworthyto know is that having developed strong technical skill sets in its productdomain, the price differential enjoyed by GMMPL is three times lower as comparedto what Pfaudlers Inc US, other counterparts in Europe manufacture. Hence goingahead outsourcing to Pfaudler In USA and its subsidiaries in Europe, China andSouth East Asia can throw open a large business opportunity for GMMPL.
Large free cash generation ahead �GMMPL has moderatecapex lined up over the next two years. Barring further reduction in residualdebt in FY07E and further gains from tight working capital management, weexpect it to generate operational cash flows of Rs. 250mn in FY08E.The build ofcash in the balance sheet by Mar08 would result in a cash/Investments balanceof Rs315.mn,equal to (Rs108 per share(FV: Rs.10).

Risk & Concerns �
The prime business risk is that certain orderswith long manufacturing cycle time may be exposed to the risk of material priceincrease.
Valuation �
We expect GMMPL to consolidate and improve itsmarket position aided by the strong market buoyancy coming in from both thePharmaceuticals & Speciality Chemicals segments. With GMMPL having adequatecapacity in place and low capex requirements, we believe it is bound to benefitsignificantly over the next 12-18 months.
GMMPL will generate large free cash flowsover the next two years enabling it to step up dividend payouts as well.GMMPL's ROCE and ROE for FY07E are very attractive at 21.0% & 22.0% and reflect the underlying health of the business. The GMMPL stock trades at12x and 10.x FY07E and FY08E and 11.x FY07E and 9x FY08E cash earningswhich look attractive. Recently the management has decided to split the FV toRs 2 each from Rs 10 earlier which should improve
overall liquidity and the investor sentiment forthe GMMPL stock.
We believe that GMMPL will see strongdemand both from domestic and export market in glass lined division and Alloymixing division. With an EPS CAGR growth of 30% estimated over FY06-08 &EV/EBIDTA of 7x FY08E makes us believe that the present valuations 9x FY08Elooks attractive. We recommend a BUY on the stock with a target price of Rs.1046 based on the DCF approach.
At our target price the stock will be valued ata P/E of 15x and 13x Cash P/E FY08E. On EV/EBITA basis the stock will trade ata target EV/EBITA multiple of 9x based on FY08E.
Source: Emkay

Industry Wise Forecast 84 Industries (Must Read)

Asif Ahmed Farooqui — 2006-10-02T01:09:59-07:00

Industry Wise Forecast
84 Industries Class.

INDUSTRY	Expected
Air conditioners	Bullish
Auto -Ancillaries	Bullish
Automotive - 2-3 wheeler	Neutral
Automotive - Car & Jeep	Bullish
Automotive - Earth movers	Bullish
Automotive - Heavy machines	Bullish
Automotive - LCV, HCV	Bullish
Automotive - Mopeds	Bearish
Automotive - Tractor	Bullish
Bank - Private	Neutral
Bank - PSU	Neutral
Bearings	Bullish
Cable - Power	Bullish
Cable - Telephone	Bullish
Capital Goods	Bullish
Casting & Forging	Bullish
Cement - north India	Bullish
Cement - Products	Bullish
Cement - south India	Bullish
Ceramic - Tiles, Sanitaryware	Bullish
Chemical - Alkali, Soda ash	Neutral
Cigarettes	Bullish
Compressors	Bullish
Computer - Education	Bearish
Computer - Hardware	Bullish
Computer - Software Large	Neutral
Construction	Bullish
Courier	Bullish
Cycles	Neutral
Diamond - cutting, export	Neutral
Domestic Appliances	Bullish
Dry Cells	Bullish
Electric - Equipment industrial	Bullish
Electrodes - Graphite	Bullish
Electrodes - welding equipment	Bullish
Electronics - Domestic appl	Neutral
Engines	Bullish
Entertainment	Bullish
Fasteners	Bullish
Fertilizers	Bullish
Finance - Housing	Neutral
Finance - Investment	Bullish
FMCG	Bullish
Food Processing	Bullish
Glass & Glass Products	Bullish
Health Care	Bullish
Hotels	Bullish
Jewelry	Bullish
Lather & lather products	Bullish
Mining - all	Bullish
Oil drilling	Bullish
Packaging	Neutral
Paints	Bullish
Paper	Bullish
Personal care - India	Bullish
Personal care - multinational	Bullish
Pesticides Multinational	Bullish
Petrochemical	Bullish
Pharma - Bulk drug - India	Neutral
Pharma - Bulk drug & Formula - India	Bullish
Pharma - Formulation	Neutral
Pharmaceuticals - MNC	Bullish
Plastic Products	Bullish
Power Generation & Supply	Bullish
Pumps	Bullish
Refineries - (non psu)	Bullish
Refineries - (Oil psu)	Bearish
Shipping - Dock, Building	Bullish
Shipping - Transport	Neutral
Steel - CR, HR	Bullish
Steel - Large	Bullish
Steel - Pig Iron	Bullish
Steel - pipe, tube	Neutral
Steel - Sponge Iron	Bullish
Sugar	Bullish
Tea - Packing, Marketing	Neutral
Tea - Plantation	Bullish
Telecom - Equipment	Neutral
Textile - Denim	Bullish
Textile - Machinery	Bullish
Textile - Spinning - synthetic/silk	Bearish
Textile - Weaving	Bullish
Transport - Air	Bearish
Tyres	Neutral
	end

Last Updated on 02-Oct-06
By Asif Ahmed Farooqui

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Varun Shipping Company

Asif Ahmed Farooqui — 2006-10-02T00:59:31-07:00

(500465)Varun Shipping Company. The company is undervalued compare to its peer on Indian stock market. This is momentum stock. Technical on this stocks turn bullish. It fundamental is comfortable with book vale Rs 40 and EPS of Rs 15. I sagest to take moderate position in this stock to play momentum in medium term.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Capita Telepholio BUY Recommendation for Short Term

Stock Market India — 2006-10-01T10:12:50-07:00

BUY : KCP Limited at Rs 279
BSE Code : Not listed
NSE Symbol : KCP
Market Lot : 1

KCP is a good cement-cum-engineering-cum-power-cum-real estate story. While cement and engineering divisions are doing well in line with the industry trends, the company is also set to fully utilise its hydel power projects and capitalise on surplus real estate at three locations.

Actual adjusted consolidated EPS for March 2005: Rs 12.4
Actual adjusted consolidated EPS for March 2006: Rs 16.6
Projected adjusted consolidated EPS for March 2007: Rs 33.1

How market will go coming week.

Asif Ahmed Farooqui — 2006-09-30T04:56:01-07:00

How market will go coming week.

14 day Williams R is in oversold territory but not giving any sell signal. 5 day stochastics is building pressure on the Sensex, hinting mild correction on the bay. 14 day RSI rising in tandem with Sensex while RoC has slipped from oversold territory giving sell signal

The market is ready for a mild correction. Though the bullish trend will continue after this correction. Market will be very volatile. Sensex has s Support at 12300 the rising trend line.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Amazing Calls

Leoganesh — 2006-09-28T13:28:25-07:00

Dear Friends,

How much did you want to make today ??

What you are missing now .... INTRADAY CALLS -

ABAN buy @ 1190 - booked @ 1222 - Rs. 32/share.

EDUCOMP..short @ 808 - cover @ 788 - Rs. 20/share.

HDFC buy @ 1455 - booked @ 1488 - Rs. 33/share.

Positional Calls @ website calls section.

REGISTRATION IS FREE @ Source
http://www.theindianstocks.com/forum/bb/index.php

Capita Telepholio BUY Recommendation Updated for You

Stock Market India — 2006-09-27T07:31:45-07:00

BUY : Hydro S&S Industries at Rs 33
BSE Code : 524019
NSE Symbol : Not listed
Market Lot : 1
Hydro S&S Industries is a leading manufacturer of re-inforced polypropylene compounds, thermoplastic elastomers and fibre-reinforced composites. Due to increasing use of its products, introduction of new products with strategic foreign tie-ups as well as general growth in automobile and consumer durable industries, the company is on a high growth path. Expected fall in petrochemical raw material prices subsequent to fall in crude oil prices and introduction of VAT in Tamilnadu are likely to boost profit margins going forward.
Actual adjusted EPS for March 2005 : Rs 0.6
Actual adjusted EPS for March 2006 : Rs 1.6
Projected adjusted EPS for March 2007 : Rs 5.0

Banking Stock - Quick Gain of 15% on cards on Technical Analysis

Stock Market India — 2006-09-27T07:28:34-07:00

One of the first private banking entities in the country, UTI Bank was promoted by the erstwhile UTI, LIC and GIC. Breaking away from its corporate focus, the bank has tried to tap the retail domain by the use of ATMs. The growing retail franchise of the bank would help it grow its assets at a compounded annual growth rate (CAGR) of 30% and expand its net interest margin (NIM). UTI Bank has emerged as the country's third largest private bank, thanks to the Management's focus on building a technology-enabled national footprint and a large retail franchise. Improving profitability, reducing bad loans and prospects of a strong earnings growth will drive the stock's valuations over the coming months. The stock has broken out of a bullish pattern and is headed for higher levels. BUY.

Anand Rathi's Quick Pick for 20% near term profit and 45% mid term gains

Stock Market India — 2006-09-27T06:53:33-07:00

The stock has recently crossed the previous peak of Rs 147, [formed in mid May'06] with huge volumes, indicating a perfect breakout. Then it touched a high of Rs 164 and now after retesting the breakout bottom of 147- 148; is looking again poised to cross the recent peak of Rs 164 and likely to touch 190 in near term [2-3 months] and Rs 225 in medium term [5-6 months]. Buy with stop loss of Rs 140.
ABC Bearing is a leading supplier of cylindrical roller and taper roller bearings to tractor, commercial vehicles and car makers and is one of the big players in India in Tapered Roller Bearing segment. ABCB has a technical alliance with NSK, Japan and is certified for QS-9000 by TUV-Germany. Tata Motors, M&M and Toyota Kirloskar are amongst the major clients of ABCB. ABCB was able to clockin a revenue growth of around 18% in FY06, despite the fact that the main segment of the company (Medium and Heavy Commercial Vehicles) showed a flattish growth in demand. The increase was mainly supported by the LCV and the tractor segment where the demand grew by 24% and 13% respectively. The company was facing labour issues in its Lonavala unit, which have now been settled and the machinery has been shifted to Bharuch, Gujarat. This will help in increasing the capacity utilization for ABCB, thus boosting the topline. The soft oil price regime augurs well for the Auto sector which inturn will lead to an increased demand for ABCBs prodcuts. Softer metal prices mainly steel which is a key raw material for ABCB is also positive going forward. Looking at the demand growth from the auto sector, ABCB is planning for capacity expansion, which would be financed through a mix of debt and internal accruals. Further the Lonaval plant land could fetch the company around 70 - 80 crs, which could be used by the management for expansion purpose or to retire the debts. The stock is currently trading at a PE of 6.50x of FY07E (Earnings are calculated pre-VRS provision ). At the current PE, its quite cheaper compared to peers like SKF India, FAG India, NRB Bearings. Looking at the strong and sustained demand growth from the Auto industry we recommend a BUY for this stock.

Try to exit this company in current Bull Run

Asif Ahmed Farooqui — 2006-09-27T00:41:52-07:00

Javelin Technologies Ltd;

(531794) Javelin Technologies Ltd. (earlier known as Supan Syntech Limited, the name of the company was changed to Javelin Technologies Ltd., in the year 2003.) The company is making announce over announcements and no business. The company's P&L A/C is silent I.e. not showing any visible business activity. The company has no progress in last six year. The book value is constant around Rs 9.75 for the last four years. Promoter diluted there stake form 44.41% (2499700 shares) in Dec 2005 to 32.86 % (1849700 shares) till June 2006. The price is still higher without any fundamental. Try to exit this company in current Bull Run.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

BUY and SELL calls from Rajat Bose and Ashwani Gujral

Stock Market India — 2006-09-25T21:23:25-07:00

Rajat Bose:
Sell ITC with a stop loss above Rs 187.25 for a target of Rs 181

Buy Tata Steel with a stop loss below Rs 503 for a target of Rs 516

Ashwani Gujral:
Buy Tata Motors with a stop loss of Rs 825-830 for a target of Rs 910

Buy BPCL with a stop loss of Rs 360 for a target of Rs 420

BUY Zensar Technologies: Robust growth prospects, broad-based revenue stream, long-standing customer relationships, and good client wins in recent months are positives

Stock Market India — 2006-09-24T13:02:39-07:00

Zensar Technologies: Buy

Robust growth prospects, broad-based revenue stream, long-standing customer relationships, and good client wins in recent months are positives

Investors can consider an exposure in small lots in the Zensar Technologies (Zensar) stock with a medium-term perspective. At the current market price, the stock trades at a price earnings multiple of 15 times its 2005-06 consolidated earnings. We recommend investors to use any weakness in the stock to step up exposures. The company's robust growth prospects, broad-based revenue stream, long-standing customer relationships, and good client wins in recent months are positives linked to this stock. However, the risks to our recommendation are a slowdown in IT spending in the US, high client concentration and slower-than-anticipated offshore shift by clients.

Financials
The company has projected consolidated revenues of Rs 550 crore and post-tax earnings of Rs 50 crore for 2006-07, working out to a 28 per cent growth in revenues and 47 per cent rise in post-tax earnings over 2005-06. The Zensar management proposes to achieve these financial projections by increasing the offshore contribution by two percentage points to 48 per cent in 2006-07, bringing down the contribution of the top ten clients by three percentage points to 65 per cent and by enhancing the profit before tax to 10.9 per cent from 9.6 per cent in the previous year. Zensar started off on an encouraging note in the first quarter ended June 30, 2006. While the company clocked a sequential (quarter-on-quarter) growth in revenues of 10 per cent to Rs 137.78 crore, its post-tax earnings declined to Rs 14.69 crore from Rs 16.47 crore over this period. Year-on-year, however, there is a near four-fold rise in post-tax earnings. On a sequential basis, the operating profit margin dipped to 14.5 per cent from 17.3 per cent, but is up from 8.4 per cent on a year-on-year basis. Business segments
The company operates four business segments: Applications Portfolio Management; Enterprise Solutions; Innovative Technology Solutions, and Business Process Outsourcing (BPO). The applications portfolio management is the core segment for Zensar across all geographies. It accounted for 55 per cent of revenues and 84 per cent of operating profits in the first quarter of 2006-07. In the enterprise solutions segment, Zensar has positioned Oracle applications as its core strength. Through the acquisition of OBT Global, it has expanded its portfolio strength to SAP, catering to key verticals of pharma, textiles and engineering. It is building on these competencies by opening up a centre in Hyderabad. The segment contributed 28 per cent of revenues and 35 per cent of operating profits. It has added business intelligence, data warehousing and enterprise content to its portfolio of offerings.
Its innovative solutions segment deploys the Solutions Blueprint led process automation technology that can help software product companies and large multinationals migrate legacy applications to open source technology platform. Though this segment has incurred operating losses in the latest quarter, it can scale-up and has the potential to contribute positively to the company's financials. Since some of the service lines have matured significantly, the company has identified new service offerings such as application modernisation, product engineering services, business intelligence, testing and BPO as high growth avenues for the coming quarters. It is also in the process of integrating its application services and BPO into one segment to offer a single point solution to its clients.
Source: businessline

The same has happened BSE Sensex rose 227 points

Asif Ahmed Farooqui — 2006-09-24T12:41:31-07:00

Last week I quoted "Short term indicators are again turn bullish.

On weekly charts technical indicators are bullish. Stochastics and Williams R are in over bough territory but not giving any sign of selling. RSI is rising in tandem with Sensex."

The same has happened BSE Sensex rose 227 points.

The bullish trend to be continues. Looking at the NSE chart Nifty has taken support brown line. Sliding A/D line is some cause of worry. Traders are advice to stay long. Investors are advice to accumulate good fundamental mid cap stocks.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Investors can consider exposure in the stock of BASF India

Stock Market India — 2006-09-24T11:13:00-07:00

Investors can consider taking exposures in the stock of BASF India, which trades at about 12 times its expected FY07 earnings. Volume growth of consumer durables, expansion in the textile sector and the Government's thrust on agriculture would contribute to BASF India's revenue and earnings growth.
Though the company's leather chemicals business registered a drop in both volumes and revenues in FY06, it was more than offset by the growth in the textile chemicals business, which has been fuelled by the expansion in the textile sector. Aided by growth in this business, the company's performance products division has recorded significant revenue and earnings growth in the June quarter. BASF India is likely to maintain this pace as the textile industry is still in an expansionary phase.
The company's dispersions and specialty chemicals is used in an array of industries. The construction and paper industries are likely to be growth drivers for this business. The automotive and detergents industries are also likely to chip in with revenue growth.
BASF India is among the larger players in the expandable polystyrene business. This business, which is largely dependent on growth in the white goods and industrial and commercial air-conditioning industries, has been growing at a healthy pace of about 18 per cent over the past five years. Demand for consumer durables spurred by higher disposable incomes and healthy industrial growth would help in sustaining this pace. Having de-bottlenecked its capacity and with scope for higher utilisation levels BASF India is poised to tap opportunities in this space.
The company, however, faces competition from overseas producers with under-utilised capacities in the ASEAN region and reduction in import duties. While low recycling of expandable polystyrene serves as a cushion for the impact on volume growth, a high level of concentration in the expandable polystyrene industry provides stable margins.
BASF India's agricultural chemicals division contributes about 25 per cent of its revenues. Though this division reported a disappointing performance in FY06, it staged a turnaround in the June quarter aided by revenue growth.

Source: BusinessLine

Investment BUY call for 52% returns expected - Read More

Stock Market India — 2006-09-23T00:18:16-07:00

Automobile Corporation of Goa
Automobile Corporation of Goa is one the largest bus body builders in India. The company is poised to deliver stupendous growth in the coming years. Buy with a price target of Rs 585. (Current Market Price: Rs 383)
Automobile Corporation of Goa (ACGL) is poised to deliver stupendous growth in the coming years. ACGL is one the largest bus body builder in India. In light of the huge surface transport projects being undertaken across India the company expects huge demand going forward from the Indian domestic market. Given the fragmented nature of Bus body building industry and the fact that ACGL is the largest organized player, it is expected to be a major beneficiary of the strong demand growth currently being experienced in the industry.
ACGL caters to the most of the bus body requirement of Tata Motors buses for exports. Tata Motors' demand for buses is expected to be more than 20,000 buses per annum. The company has started manufacturing several new models for Tata Motors like Tata Globus, Starbus and Star Skool. Significant increase in the CAPEX cycle in Middle East, emergence of African markets coupled with demand for CKD kits will ensure robust demand for the division.
The Company is working closely with Hispano (where Tata Motors has about 21% equity stake) to use Hispano's technology to build buses for the Indian markets which will help ACGL to upgrade its technology and help it build larger / higher end buses.
Given the huge demand of Tata Motors, ACGL is expected to increase its capacity to 10,000 buses per annum over the next 2-3 years. During FY2006, ACGL's production increased by 82% to 3004 buses, which is expected to further increase to 4000 buses in FY2007 & to 5000 buses in FY2008. ACGL has announced its plans to raise a sum not exceeding Rs 75 crore to fund its CAPEX plan through a rights issue, which is expected to come by the end of FY2007. The company is also expected to incur expenditure for shifting of lines of sheet metal division to a new facility in Pune.
ACGL is expected to report net sales growth of 35.4% and 20.2% to Rs 343.93 crore and Rs. 413.29 crore in FY2007E and FY2008E respectively. APAT growth of 38.5% & 23.6% to Rs 21.16 crore & 26.16 crore is expected in FY2007E & 2008E respectively. Market price of Rs 383 discounts FY2007E and FY2008E Earnings of Rs 42.8 and Rs 52.9 by 8.9x & 7.2x respectively. Based on these valuations the stock enjoys Buy rating with a price target of Rs 585, at which the stock will quote at PE 11x and EV/Cash Profit 10.

Capita Suggests BUY Recommendation for Short Term

Stock Market India — 2006-09-23T00:01:08-07:00

BUY : Tamil Nadu Newsprint and Papers at Rs 93
BSE Code : 531426
NSE Symbol: TNPL
Market Lot: 1
Tamil Nadu Newsprint and Papers is the largest producer of baggasse based paper in the world. Improved availability and lower cost of baggasse, better price realisations, higher level of production and benefits of excise duty reduction will sustain its growth going forward.
Actual adjusted EPS for March 2005 : Rs 5.5
Actual adjusted EPS for March 2006 : Rs 12.5
Projected adjusted EPS for March 2007 : Rs 15.9
Date: 23rd September 2006

RE: Truly Multibagger - Safe Long Term Bet at Rs 120 Levels

Anonymous — 2006-09-20T21:47:57-07:00

This share has a p/e of 37!!!! How can we enter at this level!!!!!

Day Trading Technical Calls for Sept 21, 2006

Stock Market India — 2006-09-20T21:24:04-07:00

Buy Calls
Nifty FuturesBuy at around 3480
ACCBuy around 940
InfosysBuy at 1824 SL 1810
M&MBuy at about 637
MarutiBuy around 928 SL 920
ONGCBuy at 1173 SL 1160
RelianceBuy on break of 1146
Satyam CompBuy around 844 SL 837
Tata MotorsBuy at about 842 SL 830
Tata SteelBuy around 497 SL 489
TCSBuy at 1027 SL 1010
WiproBuy at 518 SL 510

Sell Calls
MTNLSell at about 165
RanbaxySell on break of 406
RelianceSell on break of 1115
Reliance CapSell at about 535
SBISell at about 1000
TitanSell around 810
VSNLSell at about 425

BUY Recommendations for Short Term by Ashwani Gujral, E Mathew and Rajat Bose

Stock Market India — 2006-09-20T20:44:48-07:00

- Ashwani Gujral
Buy IPCL with stop loss of Rs 285 for a target of Rs 355
Buy Bharti Airtel with stop loss of Rs 430 for a target of Rs 550

- E Mathew
Buy ICSA with a stop loss of Rs 691 for a short-term target of 900
Buy R K Forgings with a stop loss of Rs 110 for a short-term target of Rs 146

- Rajat K Bose
Buy TCS with stop loss below Rs 1012 for a target of Rs 1045
Buy Bharti Airtel with stop loss below Rs 453 for a target of Rs 480

Broking house, IL&FS Investsmart is bullish on Reliance Industries and has maintained buy rating on the stock - MoneyControl

Stock Market India — 2006-09-20T20:40:03-07:00

Broking house, IL&FS Investsmart is bullish on Reliance Industries and has maintained buy rating on the stock.

IL&FS Investsmart report on Reliance Industries:

Refining and Petrochemicals growth to drive earnings:

"Reliance Industries Limited (RIL), India's largest private sector player and an integrated giant in the energy sector, will continue to benefit from strong cash flows by riding on the favorable demand-supply balance of petro products and petrochemicals in the international markets. Lack of any large capacity additions to the refining capacity will help maintain high GRM's for RIL."

"The petrochemical prices are expected to remain high due to demand supply imbalance (International capacity utilization is more than 90%) and the delay in the capacity additions expected in the Middle East. These factors may continue to drive profit growth for RIL in FY07-FY08. From FY09, the company's growth is likely to be supported by higher revenues from the E&P segment; RIL's aggressive foray into diversified fields such as real estate and retail is also likely to support future revenues."

Key Investment Highlights:

E&P-revenue contribution to increase from FY09E:

"RIL's E&P activities will increase sharply from FY09E onwards, when its KG D-6 and NEC-25 oil-fields commence production. This will increase RIL's E&P revenues by more than 150% in the next three years. During FY07-08E, revenues from E&P will be limited to that from the Panna Mukta and Tapti (PMT) fields only."

GRM to sustain:

"The high complexity of RIL's refinery has enabled it to maintain a GRM USD10.2 per/bbl in FY06, despite registering marketing losses (GRM includes marketing losses) during the year; the company's GRM is much higher than its domestic counterparts. We expect RIL's GRM to sustain in FY07E due to growing demand of petro products in domestic and international markets and absence of any major international capacity addition."

Petrochemicals � delayed international capacity addition will help maintain margins:

"The anticipated capacity additions in the Middle East have been delayed until FY08E. Consequently, the demand-supply balance in the international markets is likely to remain favorable, contributing to firm global prices. Therefore, we expect RIL's current EBITDA margins, at 23%, in the petrochemicals sector to sustain.

Valuation:

"We recommend a 'buy' on the stock. We have based our recommendation on the E&P, refining, and petrochemical businesses; RIL's initiatives in the real estate and retail sectors have not been included due lack of information."

Source:-Moneycontrol

Hindustan Zinc worth holding.

Asif Ahmed Farooqui — 2006-09-19T12:29:06-07:00

Hindustan Zinc; 20-Sep-06 12:27 AM

(500188) Hindustan Zinc. The stock trading about half the price 5 month back. Reilly in commodity is not over. The valuation is still good i.e. the stock is not over valued. Technically the stock is trading just above its support of Rs 580. The stock is worth holding at this price. CMP BSE Rs 584.75

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

18.09.06 - Amazing Calls Updated

Leoganesh — 2006-09-17T18:57:30-07:00

Tech outlook.
Nifty/ Sensex: Anticipated High-Lows for the Week

Nifty: High - 3503 .25 - 3519 .87(optimistic 3534 .55): Low -3452 .30 - 3465 .90(pessimistic 3435 .55)
Sensex: High - 12,102 .00 - 12,146 .21(optimistic 12,216 .00): Low -11,905 .85 - 11,940 .68(pessimistic 11,815 .43)

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Last week's sharp down correction in the first half of the week which achieved and exceeded the initial down targets, provided in last week's weekly writeup, have given warning of sharp jerks which one should anticipate in immediate future as well as indices are approaching important resistence levels from where sharp downward intermediate correction had come in June this year hence we are providing below important resistence zones,

RESISTENCE I : 3503 .25 - 3519 .87 & 12,102 .00 - 12,146 .21
RESISTENCE 2 : 3541 .11 - 3555 .50 & 12,216 .00 - 12,289 .56

and if indices close present week below 3471 .45 & 11,918 .65 with black candles in lower half of the weekly bar then support zones would be,

SUPPORT I : 3398 .35 - 3433 .55 & 11,619 .86 - 11, 697 .11
SUPPORT 2 : 3328 .45 - 3342 .85 & 11,444 .18 - 11,551 .59

For next 2 weeks we anticipate movement within these ranges and this is not the time for conservative players to be aggressive.

TODAY'S TREND: Resistance in the Second Half

Stock Outlook

* NIFTY/ SENSEX ! Nifty - Continue to be in Strong resistance Zone - Fresh Upmove only if closes above 3504-3508. CAUTION - Banks/ Cement/ Infrastructure/ Petro Stocks favour Corrective Decline. Many Small/MidCap Stocks Still Bullish in Short Term - Be Highly Scrip Specific

* HIND LEVER ! Close to Crucial resistance - updated in website

Positional Buying, Positional Selling & Recommendations for 18.09.2006 updated in website for FREE.

Source : http://www.theindianstocks.com/forum/bb/index.php

Exposure can be taken in this Shipping Stock

Stock Market India — 2006-09-16T20:46:47-07:00

Investors can consider taking exposures in the stock of Varun Shipping, which trades at five times its trailing 12-month earnings.
With freight rates firming up and buoyancy in global trade, Varun Shipping is likely to sustain growth in operating profits.
Varun Shipping is a niche player in the shipping industry that focuses on the mid-size LPG carrier segment. It is among the larger global players in this space and is well poised to tap growth opportunities in this sector.
Asia is emerging as a large LPG consuming region; also, rising supply-demand imbalance in the LPG business would help in firming up freight rates for this niche segment.
With the country facing a deficit situation on the LPG front, imports are critical to meet demand. This, in turn, is expected to trickle into volume growth for Varun Shipping's LPG carrier business.
Besides securing a tanker on charter basis, Varun Shipping added three LPG carriers to its fleet in FY06, raising its capacity in this segment by about 50 per cent.
A diversified fleet that includes crude oil and petroleum product tankers, anchor handling tug supply (AHTS) vessels and a dry bulk carrier provides cushion against a downturn in its LPG business.
Prospects appear bright for its crude oil and petroleum product tanker business. Expansion in the domestic refining and petrochemical sector is expected to ensure sustained volumes for this tanker segment.
With the Union Government stressing on energy security, prospects for oil drilling appears bright. This, in turn, is expected to result in growth opportunities for its AHTS business. Varun Shipping, with a view to tapping opportunities, plans to strengthen its presence in the offshore sector.
A high return on capital employed and sustained cash flow from operations provides comfort from an investment perspective.

buy for multifold return in long term.

Asif Ahmed Farooqui — 2006-09-15T22:14:54-07:00

(513216) Uttam Galva Steel. the company is able to manage margins even in higher raw material prices. In Europe and America the prices are ruling higher. The company exports more than 70% of its prime production to over 117 countries worldwide. With EPS of Rs 8.50 and book value Rs 40. The stock is undervalued. Investor should buy for multifold return in long term.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Truly Multibagger - Safe Long Term Bet at Rs 120 Levels

Investor — 2006-09-14T11:04:19-07:00

Crest Animation Studios

Crest Animation Studios, through Rich Crest Animation (RCA) USA, is one amongst the only five studios worldwide, involved in 3D animated feature films. The share can become a true multi bagger and can give rich returns. Share appears to be a safe bet at Rs 120 levels.

Background:

Crest Animation Studios, through Rich Crest Animation (RCA) USA, is one amongst the only five studios worldwide, involved in 3D animated feature films. The other four are - Pixar, Dreamworks, DNA and Bluesky. The Company has good skills, set-up and expertise in animation film. Crest is one of the first players in the Asian region servicing the mainstream entertainment industry demonstrating high quality, timely deliveries and competitive costs. The company had increased its CGI Manpower from 229 to 353 in FY05 as also had invested Rs 5.24 crore in its production facilities in that year.

Moving up the value chain: -

Continuing with its work for hire business, the company has ventured into co-production arrangement that entitles it to profit participation, and its first successful co-production has been through the production of 52 episodes of 'Pet Alien', which went on air in January 2005 on Cartoon Network, a leading US terrestrial network. The company also completed Project titled "Care Bears Movie 2".

The company has acquired 86.98% in Rich Crest Holdings Inc. (RCH) through its 100% subsidiary Crest Communication Holdings Ltd.

Production Costs:

The Production of a CG Animation film cost an average of US $ 75 million in US while the company / RCA produces at 40% of the US Costs, due to India advantage of lower manpower costs. So, one film can be produced in about US $ 30 million by the company, of which about 40% of the work in respect to back end development and production job is carried out by the company.

Industry Status:

Computer animation business is in the growth stage of its business cycle and now widely understood to be a profitable niche but a difficult business to build. Most large entertainment conglomerates perceives this business as a "must have' in their business portfolio.

Dreamwork's animation unit had raised US $ 812 million in 2004 through its IPO, which reflects rich valuation for the business as also bright, and sustaining future for the computer animation industry.

'Shrek 2' a movie released by Dreamworks has become the 6th highest grossing movie ever with a worldwide box office collection of US $ 918 million. 'Finding Nemo' and 'The Incredibles', the movies released by Pixar / Disney have become the 10th and 23rd highest grossing movies, with box office collection of US $ 864 million and US $ 631 respectively.

Movie Production: -

RCA located in Burbank, California has entered into an agreement to co-produce three full length 3-D animated feature films in a Joint Venture with Lions Gate Inc., a leading movie distribution company in the United States. The first of the three feature films, titled "Sylvester and the Magic Pebble" has a planned release in 2008. The second movie project titled 'Alpha and Omega' is currently in the development stage and is planned for release in 2009. The third film is on drawing board and at the planning stage. RCA and Lions Gate would equally share the cost of production as well as the profits.

The rights to the first film under the agreement. Sylvestor and the Magic Pebble based on the Caldecott medal-winning story by William Steig (the creator of blockbuster Shrek) have been acquired.

Shifting to new premises.

The company has moved its registered office and production facilities from Worli, Mumbai. (Self-owned) to Ghatkopar, an eastern suburb of Mumbai of about 45,000 Sq.Ft. leased premises. Worli premises shall be disposed off which shall give good liquidity to the company to meet its fund requirements. It is also learnt that the company has booked a huge space in an SEZ being developed near Mumbai to set up its studio and production facilities.

Funding arrangement of US $ 40 Millions: -

The company has recently agreed in principle on an investment of US $ 40 million through several distrinct transactions by the D E Shaw Group. The company shall allot 33,85,518 equity shares of Rs 10 each on preferential basis, constituting 14.99% on Fully diluted basis, at a price not less than Rs 120 each, aggregating Rs 40.63 crore to D E Shaw Composite Fund LLC and D E Shaw Composite Holding LLC and their wholly owned affiliates. Allotment of Securities up to 26% in RCH for a consideration up to US $ 15.75 million shall also be made. This means, RCH has been valued at around US $ 60 million equivalent to Rs 280 crore. Also, company agreed to avail up to US $ 15.75 million as Guarantee Funding towards film financing for its three co-production CGI animated features with Lions Gate. This financing would be on the profit sharing basis without any interest cost. DE Group is headquartered in New York and is a specialized investment and technology development firm that comprises a number of entities with approx US $ 23 billion in aggregate capital.

This investment is proposed to fund the ongoing expansion and upgrade the company's 3D Animation facilities and to meet long-term working capital requirement. Investment in Subsidiary would be to fund the requirement of RCA, which is actively involved in 3D Animated Movie Business.

Ms. Seemha Ramanna Mg. Director of the company has said that "D.E.Shaw has deeply understood the potential of 3 D animation in India and the significant global opportunity for Crest.

Financial Performance :-

For FY06, the company had achieved a turnover of Rs 21.40 crore and made a net profit of Rs 6.0 crore on equity of Rs 19.20 crore. For Q1 of FY07, the total income was at Rs 1.90 crore while net loss was at Rs 3.30 crore. Due to shifting at new place, the working took a hit in the first quarter, which is likely to improve in the third and fourth quarters of FY 07. The equity of the company shall rise to Rs 22.58 crore after allotment to D E Shaw Group. In Q1 of FY07, the company has signed a deal with Marathon a French production house, for a 52-Episode TV Series with a project size of $ 18 million. Due to this, Crest has spread its wings from US and Canada to Europe.

Concerns :-

There have been 15 CG Films released from 1995 to 2005 with average film generating an average of US $ 400 million. in worldwide box office, against an average cost of US$ 75 million. Due to this success, 19 CG films are known to be scheduled for production and release over the next three yeaRs Hence, any overdose of CG Films would reduce the profitability of the industry in general and company in particular.

Conclusion :-

The company has been facing huge cash crunch for its capex and working capital. With a definite flow of Rs 113 crore and an arrangement for about Rs 72 crore, the company has adequately provided for, its fund requirements for the next 3-4 years. Also, commencement of films would give steady revenue to the company for its animation business.

A CG animated movie costs about $ 75 million and gives an average revenue of $ 400 million. Even if we consider half of this, each film can give profit of over Rs 700 crore, on release. With an effective share of company at about 30% in each film, profit could be over Rs 200 crore each film. Hence, from 2009 onwards this profit would flow in, into the company's kitty.

So, if one takes a long-term view of 1-2 years on the stock, the share can become a true multi bagger and can give rich returns. Share appears to be a safe bet at Rs 120 levels.

Credits: SP TULSIAN

An Outperformer rating and a price target of Rs.150/-

Stock Market India — 2006-09-13T21:29:34-07:00

Himatsingka with an Outperformer rating and a price target of Rs.150/-

Investment Positives

- Himatsingka Seide Ltd. (HSL) is the second largest silk fabric exporter from India. Following its foray into bed linen segment, its capacity is slated to increase from 2.2 mn meters to 22.2 mn meters by FY09.

- The expansion would help HSL to increase its sales from Rs 1,620 mn currently to Rs 6,000 mn by FY09.

- Expansion and increase in retail stores from the present 11 to 20 by FY10 would lead to robust growth in sales & profit from the retail segment. The stores presently cater to the domestic market, but HSL
has taken concrete steps to unleash the brand in the international market.

- Operating margins for the core business is expected to improve from the present 34.3% to 41% by FY08 (an increase of 670 bps) owing to stabilizing raw material prices, strong order book position and saving
in power cost .

- HSL raised $60mn through a GDR issue in December 2005 to finance its acquisition plan. The management plans to acquire one or two home textile brands in the US/EU markets. We believe that with these acquisitions HSL would become a strong global textile player.

Concerns

- Lower earnings growth of the key business coupled with low return ratios on account of higher idle cash holdings remains a key concern for the company.

Valuations

- At its current price of Rs 125, the stock is quoting at P/E of 21x and 12x its FY07E and FY08E and at an EV/EBITDA of 11.5x and 6.3x respectively. Employing a DCF-based valuation technique; the fair value of the stock is derived at Rs 150.

All about Pivot Points - How to make money

Leoganesh — 2006-09-13T09:22:23-07:00

You are going to love this lesson. Using pivot points as a trading strategy has been around for a long time and was originally used by floor traders. This was a nice simple way for floor traders to have some idea of where the market was heading during the course of the day with only a few simple calculations.

The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived. These points can be critical support and resistance levels.

The pivot level and levels calculated from that are collectively known as pivot levels.

Every day the market you are following has an open, high, low and a close for the day (some markets like forex are 24 hours but generally use 5pm EST as the open and close). This information basically contains all the data you need to calculate the pivot levels.

The reason pivot points are so popular is that they are predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day).

Because so many traders follow pivot points you will often find that the market reacts at these levels. This give you an opportunity to trade.

If you would rather work the pivot points out by yourself, the formula I use is below: --- Updated in website under Pivot Points Board

Source : http://www.theindianstocks.com/forum/bb/index.php

Stocks - Highly Bullish Breakout in Daily Charts

Leoganesh — 2006-09-12T19:22:51-07:00

FREE Stock Outlook Daily and much more

* INDIABULLS ! Highly Bullish Breakout in Daily Charts - Heading for 500+ in coming MONTHS/ Buy on Declines @ 345 with SL

* RELIANCE COMMUNICATION ! Mildly Bullish in Hourly Charts - Likely to Cross 335+ in Coming Days

* RELIANCE CAPITAL ! Heading for 519-521 in Few Hours - Use Every Decline to Buy only with SL

* CENTURY TEXT ! Hourly Charts Mildly Bullish - Likely to Touch 488-490 in Few sessions

* SRF LTD. ! Bullish Breakout in Hourly Charts - Likely to Cross 246+ in Few Hours

* M T N L ! Likely to touch 160+ in Few Hours - Buy on every Decline with SL

* I P C L ! Intraday Bullish Targets achieved - Charts favour rise to 307+ in Few Hours

Source : http://www.theindianstocks.com/forum/bb/index.php

Derivative Picks for Very Short Term

Stock Market India — 2006-09-12T08:13:06-07:00

RELIANCE CAPITAL ( Rs.511.80) : The stock made a smart recovery and has closed on a strong note. The 14 day RSI has given a fresh buy signal. Buy above Rs.513 and add more once it crosses the level of Rs.522. Keep a monetary stop loss of Rs.8. Target of the stock works out to Rs.535.

PUNJ LLOYD ( Rs.798.50) : The stock has broken out of an Inverted Head and Shoulder Pattern which is bullish by nature. The oscillators by giving fresh buy signals has supported the breakout. Buying is advised above Rs.802 with a stop loss of Rs.784 for a target price of Rs.825 and Rs.842.

Current Market Price 385, Short Term Target 430

Stock Market India — 2006-09-12T08:11:27-07:00

VENUS REMEDIES
Present Price - Rs.385; Projected Price - Rs.430
This Chandigarh-based company has a WHO-GMP certified state-of-the-art plant for infusions and dry powder-filling injectibles. We expect Venus to grow at 50% for the next five years on the back of new product launches, additional strategic marketing tie-ups with domestic companies, and increased oncology product exports to CIS and other countries. The company's newly built Baddi manufacturing facilities were accredited with ISO certifications, ISO 9001:2000 and ISO 14001:2004, as well as the OHSAS 18001:1999. Venus has been aggressively expanding its marketing team by increasing the number of sales offices in various states. It aims to have around 500 sales offices across India by FY10 from the current 140 plus. The chart structure is looking extremely bullish and one should invest at current evels. Long term investors can expect higher returns.

BUY with target price of Rs 271 - CMP: Rs 200

Stock Market India — 2006-09-11T21:30:25-07:00

Dishman Pharmaceuticals and Chemicals Limited

The acquisition of Carbogen- Amcis has catapulted Dishman into a new league in the CRAMS space. It is estimated to contribute Rs 2.78 and Rs 5.4 to FY07 and FY08 earnings. BUY with a target price of Rs 271.

Dishman Pharmaceuticals recently acquired Carbogen- Amcis (CA). The deal is a win -win situation for both the companies. Dishman gets an access to a wide product portfolio of CA (11 products commercialized and 6-7 products in Phase III trials) most of them in areas of oncology, USFDA approved facilities, strong clientele with 90% of business coming from repeat customers, execute high volume contracts from India and China (currently CA cannot execute such contracts due to capacity constraints) and reduced dependence on Europe for revenue (currently 80% of Dishman's revenue comes from Europe whereas 70% of CA revenue comes from USA). CA has firm orders covering 95% of expected 2006 sales.

By sourcing materials from India & China, Carbogen Amcis would be able to significantly lower its material cost (currently all material is sourced from Europe). In addition, by sourcing low end intermediates from Dishman, CA would be able to free up capacity, which can be further utilized to bag new contracts. CA can get access to Dishman's R&D facilities as both the companies have identified oncology as a focus area for growth. CA can also leverage upon Dishman's strong presence in Europe and Asia and expand its operations further in these regions. Further CA can also outsource non-GMP high volume products to Synprotech UK, Dishman's 100% subsidiary acquired in 2005. Dishman has also said that it would not expatriate dividend from CA for the next two years, which would enable CA to invest funds in capex.

The acquisition has catapulted Dishman into a new league in the CRAMS space. The acquisition of CA would be EPS accretive in the very first year and is estimated to contribute Rs 2.78 and Rs 5.4 to FY07 and FY08 earnings. Dishman is expected to witness revenue CAGR of 75% and earnings CAGR of 65 % over FY06-08. The stock is trading at 19.1x FY07E EPS of Rs10.1 and 11.3x FY08E EPS of Rs17, which is at a significant discount to its nearest peer Divi's Laboratories. Dishman deserves higher valuations considering strong visibility of earnings from CRAMS and QUATs over the next two years. Based on these evaluations, the stock enjoys BUY recommendation with a target price of Rs 271 based on 16x FY08 earnings.

Credits: Nirmal Jain

Power BUY Calls from Tech Analysts

Stock Market India — 2006-09-11T21:24:01-07:00

Reliance Communication can be purchased on declines with a stop loss of Rs 274

Buy ICSA India with stop loss of Rs 703 for short term target of Rs 900

Buy Kesoram Industries below Rs 426 with a stop loss of Rs 420;This is
a day-trading recommendation

Buy Bharti Airtel (Rs 430.45) with a stop loss below Rs 423 for a
target of Rs 449

Buy Reliance Energy (Rs 488.10) with a stop loss below Rs 477 for a
target of Rs 516

Important : Daily Digest for 12.09.2006

Leoganesh — 2006-09-11T17:57:56-07:00

Stock outlook

* INFOSYS ! Bearish Breakout in Hourly charts - Use Tech Rallyto 1780 for Profit Booking only

* H M T ! Gets deep into Oversold Zones - Buy on Declines with SL for Target of 80-83

* INDIA CEMENT ! Hourly Charts in favour of Technical rally to 200+ in Few Hours - Buy with Strict SL

* STERLITE IND. ! Intraday Sharp decline from 472 to 432 - Technical recovery to 455 On Charts / Use Declines to Buy with SL

* TATA STEEL ! Strong Support @ 490 / Likely to bounce back to 506 if Support is Held

* SATYAM COMP. ! Short Term Bearish Target of 775 given at 810 Achieved - ripe for Technical recovery to 785+

* IVRCL LTD. ! Intraday Bearish Targets achieved - Buy Gradually on Declines with SL for Target of 246

* MARUTI UDYOG ! Mildly Bullish in Hourly Charts - Likely to touch -- Updated @ http://www.theindianstocks.com/forum/bb/index.php - Calls section

Please visit http://www.theindianstocks.com/forum/bb/index.php for all the updates.

RE: About IVRCL INFRA

Leoganesh — 2006-09-10T18:10:58-07:00

* I V R C L ! Bearish indications in Hourly Charts - Book Part Profit at Higher Levels to Re-Enter below 250 in September 11 calls.

Source : http://www.theindianstocks.com/forum/bb/index.php

PS : If you are a short term or long term holder pls visit the source for more information.

Nifty/ Sensex: Anticipated High-Lows for the Week

Leoganesh — 2006-09-10T18:07:15-07:00

Nifty: High - 3492 .25 - 3508 .65: Low -3441 .10 - 3452 .00
Sensex: High - 11,987 .30 - 12,030 .70: Low -11,796 .00 - 11,828 .23

PRESENT STATUS OF THE MARKET AND FUTURE ANTICIPATION: Indices continue to be in intermediate up mode and this month's up targets are maintained at 3555 .50 - 3592 .75 & 12,102 .00 - 12,238 .81 (as already mentioned in last week's weekly writeup) within which good profit booking should emerge in first half of this week in ranges 3492 .25 - 3508 .65 & 11,987 .30 - 12,030 .70 and if indices close this week with 'Weekly Doji Patterns' or 'slightly Black Candle' then a good correction should follow which could bring indices down minimum to ranges 3398 .35 - 3413 .90 & 11,619 .86 - 11,633 .35 by the end of next week near where good support should emerge ; during the week to know if initial indications are coming of the start of a good down correction then one should observe supporting trend lines of present intermediate rise which are formed by joining lows of 7th Aug 2006 with lows of 24th Aug 2006 values of which for Monday are 3467 .15 & 11,814 .45 and these increase by 13 .52 points & 43 .10 points each day for Nifty& Sensex respectively - breakdown of these rising trend lines at any day end with good black candles would be one of the indications of start of a good down correction.

Coming to medium term up targets - we have already mentioned in last week's weekly writeup that monthly charts of Aug 2006 have given indications that highs of this year (i.e. 3,774 .15 & 12,671 .11) should be made again latest by first quarter of the next calendar year.

TODAY'S TREND: Resistance in the Second Half

Source : http://www.theindianstocks.com/forum/bb/index.php

Stock Outlook, Positional Buying and Positional Selling with Recommendations for 11.09.2006 - updated in website.

MidCap Select: Sintex Industries Limited: CMP: 180 - Target: 290

Stock Market India — 2006-09-10T15:31:50-07:00

Sintex Industries Limited
Current Price: Rs. 180, Target Price: Rs. 290

Why Sintex?

While investing in mid-tier companies, the key is to identify those that have certain core competencies, industry leadership, and a long-term track record of outperforming their sector. We believe Sintex is one of them.
We believe that Sintex is a play on India's housing and infrastructure sector in the long-term. India is a country where water is a scarce commodity in large number of areas and, therefore, there is an ardent need to store the same, safely, and for a longer period of time. And this is unlikely to change in the future. This is one fundamental growth driver for the company. Sintex, through its prefab business, also caters to the need of other focused sectors of the government, like education and affordable housing for the common man. Also, with increased demand for lightweight plastic components from the automobile industry, and protective shelters from telecom and power companies (as these are more cost effective and less time consuming in terms of installation and construction), Sintex's plastics business is on for a superior growth going forward.
As far as the company's textiles business is concerned, we believe that Sintex has differentiated itself from others by focusing on noncommoditised textile space, which is what we are enthused about. For starters, in the textile business, Sintex does not have a direct market presence. Rather, it has positioned itself as supplier to international and domestic design houses of repute. Despite significant increase in competition over the last decade, Sintex has been able to move into newer segments, thereby consolidating its market share. On an overall basis, Sintex's story is that of innovation in the usual
(plastics) and extension and differentiation in the niche (structured fabric). We, thus, believe that the stock should be a part of portfolios of long-term investors.

Background:

Sintex Industries Limited is a dominant player in the plastic and textile business segments. The Company
manufactures a range of plastic products at its 8 plants across India. These broadly fall under the categories of water storage tanks (19% of plastic revenues), pre-fabricated structures (49%) and industrial custom molding (26%). In the textile business, the company is focused on niche offerings, possessing specialisation in men's structured shirting in the premium fashion category wherein it enjoys leadership position in India. The company has a long-lasting relationship with international design majors like Canclini (35% of textile revenues) and Indian companies like ITC Wills and Pantaloons, and has benefited from the same in the past. It is also Asia's largest manufacturer of corduroy fabrics (9% of textile revenues). During the period between FY03 and FY06, Sintex has grown its topline and bottomline at compounded rates of 25% and 57% respectively.

Valuation:

At the current price of Rs 180, the stock is trading at a price to earnings multiple of 9.5 times our estimated FY09 earnings. This looks attractive, considering the strong visibility in company's topline and bottomline growth over the next few years. As a matter of conservatism, we have diluted the company's share capital to the fullest, by assuming full conversion of the warrants and FCCBs in FY07. We recommend a 'BUY' on the stock with a target price of Rs 290 from an FY09 perspective. Over the current stock price, this indicates a compounded annual return of 20%. We shall reiterate that Sintex shall be a part of long-term investors' portfolio considering its niche focus in textiles and leadership position in plastics. The company also has high innovative content and deep domestic and global relationships working in its favour in both these divisions, which act as entry barriers for new players and provides the company with competitive advantages against the existing ones.

Capita Telepholio Gives you Short Term Recommendation

Capita — 2006-09-10T14:52:10-07:00

BUY      : BASF India at Rs 215
BSE Code : 500042
NSE Symbol: BASF
Market Lot: 1

BASF India, which is a 52.7% subsidiary of BASF, Germany, focuses on agro chemicals, performance products and plastics & fibres.While buoyant economy and good monsoon will help accelerate the company's growth rate, sustained fall in oil prices will pave the way for major rerating of
the scrip.

Actual adjusted EPS for March 2005   : Rs 13.5
Actual adjusted EPS for March 2006   : Rs 15.5
Projected adjusted EPS for March 2007 : Rs 19.1

in short term trader are advise to be very cautious

Asif Ahmed Farooqui — 2006-09-10T07:35:02-07:00

In last four days market has shown sideways correction as warn .A/D line a broader market indicator showing consolidation. Stochastics is in positive territory but showing sell signal. RSI is moving in tandem with the Sensex while RoC is showing negative divergence.

Market is preparing for another upward journey.

There are mix signal in short term trader are advise to be very cautious at this point of time.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Investment Ideas: NIIT Technologies

Stock Market India — 2006-09-09T17:56:18-07:00

A good order-book, balanced geographic spread and the recent
acquisition of Room Solutions lends confidence to the stock.

At Rs 198, the NIIT Technologies stock is a good choice for investors
with a one/two-year horizon. The stock trades at a multiple of 11
times its trailing consolidated four-quarter per-share earnings.
Investors can use any weakness linked to the broad market to step up
exposure.

The company's focus on select key verticals such as BFSI (banking,
financial services and insurance) and transportation, a strong
order-book position, the balanced geographic mix and the recent
acquisition of the UK-based Room Solutions is encouraging. The risks
to our recommendation are the integration issues surrounding Room
Solutions, any sharp rupee appreciation vis-a-vis the dollar and
supply-side manpower-related issues affecting mid-size companies.

Financial contours

In the quarter ended June 30, the company reported a 15 per cent
sequential (quarter-on-quarter) growth in revenues to Rs 191 crore.
This, however, includes the revenue contribution from its acquisition,
Room Solutions, from May. If we ignore that, the sequential growth
works out to 4.3 per cent.

Over the past four quarters, the sequential organic growth has been
declining, which is not so healthy, but the operating profit margin
has remained stable in the 19-20 per cent bracket.

In the latest quarter, the OPM has fallen marginally to 19 per cent
largely on account of Room Solutions (with higher onsite revenues)
from 20 per cent on a sequential basis.
Despite a 17-per cent hike in offshore salaries and 5-6 per cent
onsite, the company has managed to maintain its operating margins.

This has been aided to some extent by a reduction in SG&A (selling,
general and administrative) expenses.

NIIT Technologies can use multiple levers such as an improvement in
BPO margins, enhanced contribution from offshore, and better control
over SG&A to shore up margins. At present, the BPO segment contributes
only about 6 per cent of revenues, with the balance coming from
software services.

The company has $90 million worth firm orders executable over the next
12 months. In the latest quarter, the company won new business worth
$38 million, including a $20-million order from an existing client in
the transport space.

This highlights the cross-selling opportunities and mining the
potential of NIIT Technologies' top five or top ten clients.

The acquisition pep

In early May, the company acquired 51 per cent in Room Solutions, a
UK-based IT solutions firm (with intellectual property) focussed on
the insurance space.

Through this acquisition that focuses on the property and casualty
space, NIIT is trying to plug a gap in its insurance portfolio. With
revenues of $25 million, NIIT Technologies will be acquiring Room
Solutions for about one times revenues.

This is also likely to complement the company's presence in life and
pension space. Since Room Solutions has a large client base in the
property and casualty space evenly spread out, it opens up
cross-selling possibilities, the impact of which will be felt over the
next one year.

According to NIIT Technologies, there will be near-term margin
pressures on account of integration and transition costs of Room
Solutions, but that will be recovered over the next couple of
quarters.

Apart from building its offerings around an integrated IT and BPO
platform, the company also recently forayed into the emerging area of
remote infrastructure management and managed services.

It announced last week that it has set up a 50:50 joint venture with
the Switzerland-based Adecco, a global major in HR services.

Source: Business Line

Investment Ideas: Gujarat NRE Coke

Stock Market India — 2006-09-09T17:52:03-07:00

Improving outlook for coke and cost-savings from backward integration
are likely to have a positive impact on the company's profitability.

Encouraging outlook for coke, gains from ongoing expansions and
backward integration, improving revenue mix and attractive valuations
add fire to the Gujarat NRE Coke stock.

Investors can consider exposure at the current price of Rs 68 with a
one/two-year perspective. The stock trades at a multiple of seven
times its likely FY-07 per share earnings on an expanded equity base.

Improved market outlook

The market for metallurgical coke, after going through a weak phase
last year, is now beginning to look up. International coke prices,
after touching the historic high of about $420 a tonne in 2004, have
corrected considerably since.

At about $180 a tonne now, the prices appear to have bottomed out.
However, prices have gained by $20-30 per tonne over the last month
and are likely to stabilise at these levels.

On the other hand, the prices of coking coal (primary raw material for
making coke) are showing signs of softening after remaining firm over
the last one year. This is indicated from the recent negotiations
between Nippon Steel of Japan and BHP Billiton; long-term prices were
contracted 8 per cent lower than the FY-06 level.

The demand for coke is likely to remain upbeat on the back of
increasing requirements from user segments, especially the steel
sector. India has largely been a buyer of coke, with more than 85 per
cent of the imports coming from China. China's growing appetite for
resources has resulted in domestic demand for commodities soaring to
unacceptable levels.

Consequently, the Chinese government has adopted restrictive measures,
including curbing coke exports, thus creating an imbalance in the
global market. The growing need to feed China's expanding steel
industry, along with the buoyancy in the Asian markets, is likely to
augur well for the coke market over the medium term. Back home, the
deficit in the coke market at about four million tonnes per annum now
is expected to increase seven-fold over the next five years.

Growth Initiatives

Gujarat NRE Coke is the largest non-captive manufacturer of met coke
with an annual capacity of one million tonne. It has two plants and is
in the process of adding a third in Dharwad, Karnataka. The last is
expected to begin production by July 2007, taking the company's total
capacity to 1.4 MTPA. It recently commissioned a steel plant (steel
bars) and co-generation power plant in Kutch. This is likely to
diversify its revenue base and de-risk its earnings in the long term.
The total planned capital expenditure is Rs 410 crore and the company
has tied up 50 per cent of this. It proposes to raise the balance
through debt and equity over the next couple of years.

Exports picking up

Gujarat NRE's revenue from the export of met coke has been growing
rapidly, albeit on a smaller base. Volumes have risen five-fold in
FY-06, while revenues have more than doubled. Over the next year or
so, Gujarat NRE expects to increase the share of its exports to 25 per
cent of its production from 20 per cent now.

The company's clientele � including Hindustan Zinc, Nirma, Gujarat
Heavy Chemicals, Kalyani Steels and Birla Copper � in the domestic
market lends credibility to its growth expectations.

Backward integration

Gujarat NRE Coke's recent overseas acquisitions of coking coal mines
are likely to assure long-term supply of input. It has acquired two
mines in Australia, which together have reserves of about 375 million
tonnes. Gujarat NRE has received two shipments of about one lakh
tonnes from NRE No.1 colliery that it acquired last year. We view this
as a strong positive, as it would help the company reduce input costs.

Gujarat NRE recently picked up a stake in Pike River Coal Company (a
subsidiary of New Zealand Oil and Gas) along with a contract to take
four lakh tonnes per annum of its hard coking coal over the life of
the mine.

The company has also acquired a stake in Australian exploration
companies, Rey Resources and Zelos Resources, which are mining and
mineral prospecting entities. The move would provide Gujarat NRE
access to thermal, coking coal and uranium in Australia, and gold and
copper in South America where the two companies are now prospecting.

We have, however, not factored in the impact of this development into
our valuations, owing to the uncertainty about the commercial
operations of the acquired entities.

Key concerns

The rising level of debt is likely to result in a higher interest
outgo over the next couple of years. Higher depreciation charges may
also impact its profits. However, the expected cost savings from
backward integration offer protection on the downside. An appreciating
rupee also remains a risk.

Share has potential to give at least 50% return on an annualized basis

Investor — 2006-09-08T23:57:14-07:00

Orient Paper & Industries Ltd.
CMP: Rs. 516 Target: Rs. 750

The company is on a turnaround path with low equity base of Rs.14.84 crores, which is a big positive for the company. Based on an estimated EPS of Rs 75 for FY07, the share has potential to rise to Rs 750.

Cement :-

The company has two cement plants at Devapur, District - Adilabad in A.P. and at Nashirabad, District - Jalagoan, Maharashtra, with aggregate installed capacity of 2.40 million TPA. The installed capacity was raised from 2 MTPA to 2.40 MTPA while cement production was 2.11 MT in Fy06. Sales was 2.22 MT in this year. Both the plants are running to their full capacity and hence the company is planning to increase its capacity to 3 million TPA to take full advantage of its infrastructure as also to increase its market presence. The company is also planning to set up a captive thermal power plant of 30 MW capacity at its Devapur plant, which will reduce the cost substantially and shall make company more competitive. Present cost of external power to the company is Rs.3.32 per unit while 88.58 units of power are consumed for one MT production of cement. Hence, the company is likely to make savings on both by reducing cost of energy as also reducing power intake for each MT of production.

Paper :-

Amlai Paper mill at Dist. Shahdol in M.P. is having an installed capacity of 95,000 TPA and production in FY06 was 82,851 MT. The second plant in Orissa at Brajrajnagar had suspended its operations since January 1999 and there is no scope for revival. Except for about 400 employees, all have already availed of the voluntary retirement scheme and permission for closure is being heard by the Tribunal.

Fans :-

The company has two plants at Kolkata and Faridabad with aggregate installed capacity of 25.80 lakh fans per annum. Sales in FY06 was 26.77 lakh fans cloaking a turnover of Rs.191.90 crores and profit before interest and tax of Rs.11.99 crores for the division. This division has not been contributing significantly to the bottom line while contribution to the top line is about 23%. As this division has a very low margin with strong brand equity, the company at an appropriate time may get out of this business mainly to focus on its core business viz. cement and paper. If that happens, an amount of over Rs.100 crores may get realized from sale of its plant machineries and, brand Huge real estate at Kolkata and Faridabad, where the plants are located shall also get released which can be developed by the company. At both the locations, the real estate prices are shooting up and the company has huge land bank at both the plants.

Financial Position :-

As at 31st March 2006 the equity capital of the company was at Rs.14.84 crores and free reserves of Rs.19.79 crore with Net worth of Rs.34.63 crores. The company also had outstanding preference share capital of Rs.20 crores carrying a coupon rate of 12%. Against this, the total debt of the company was at Rs.436 crores (secured loan Rs.338 crores and unsecured loan Rs.98 crores) resulting in a debt equity ratio of 12.60 : 1. Definitely huge and cause of concern. Even if net current asset of Rs.143 crores are reduced from the debt, the debt equity rate still placed at 8.5 : 1. The company had past losses till FY05, which got wiped off in FY06. Maybe, that was the reason of huge debt equity ratio.

FY07 Performance :-

Cement and Paper industry are presently doing very well and has a bright future ahead for the next 12 to 18 months. Also, the plant capacity of both the products are of the company reasonably good. Taking a clue from Q1 Results of FY07, one can expect a turnover of Rs.1,100 Crores, EBITDA of Rs.230 crores, PBT of Rs.165 crores and PAT of Rs.110 crores resulting in an EPS of Rs.75 per share. In Q1 of FY07 total income of the company was at Rs.260 crores, PAT of Rs.25.71 resulting in an EPS of Rs.17.33.

Valuation :-

Based on an estimated EPS of Rs.75 for FY07, the share has potential to rise to Rs.750 as PER of 10 can be considered for mid size cement and paper company.

Based on an enterprise value method, cement plant can be valued at Rs.1,650 crores taking US$ 150 per MT as valuation norms. All other division viz. paper, fans, real estate can be valued for about Rs.350 crores with total valuation of close to Rs.2000 crores. By reducing debt of about Rs.350 crores (net off current assets) the net valuation of Rs.1650 crores translate into a value per share of Rs.1,100

Conclusion :-

The company is on a turnaround path with low equity base of Rs.14.84 crores, which is a big positive for the company. This kind of equity base, justifies debt of about Rs.300 crores (total debt of Rs.435 crores less net current assets of Rs.135 crores) in the books of the company. Though Q1 result of FY07 has been fabulous, cement margins shall improve further in subsequent quarters. In view of bright future ahead of cement industry as also good future of paper industry the company is likely to post on EPS of Rs.75 in FY07 and over Rs.100 in FY08. Based on FY07 earning, share is available at PER of less than 6 and at about a PER of 4.3 based on FY08 earnings. At current levels of Rs.516 share has potential to give at least 50% return on an annualized basis.

Current Price: Rs. 215, Target: Rs. 300

Investor — 2006-09-08T23:32:05-07:00

Taj GVK Hotels
CMP: Rs 215, Target: Rs. 300

Taj GVK Hotels is a good stock in the booming hospitality space; it can touch Rs 300. Taj GVK Hotels is a good stock to look at in the hospitality industry. There is a tremendous boom in the hotel industry and the company can leverage on this.

The company has a strong presence in Hyderabad, where it has 2 properties. It is developing 1 property in Chandigarh & plans to implement a property in Chennai. The stock can go up to Rs 300.

Disclosure: This stock may be part of some of the portfolios managed by Investment Advisor PN Vijay.

Short Term Target 150, Long Term Target 200+

Investor — 2006-09-08T22:40:06-07:00

Aptech

Aptech may be turning around after poor results for several quarters. The stock is owned by a few large well known investors who have an excellent track record in their investments. Aptech is into computer education and after poor results for several quarters the company may be turning around. Last quarters results for 30 June 2006 were more encouraging.

The stock is owned by a few large well known investors who have an excellent track record in their investments. Stock was first recommended by JVCS at Rs 50 last year and we maintain a HOLD/BUY on it at current levels. Current price is Rs 121. The short term target is Rs 150 (3-6 months). Long term target is Rs 200+. Short term traders can keep a stop loss at Rs 115 levels and look to take profits above Rs 150.

Over 50% Gains Can be Achieved in this Stock

Investor — 2006-09-08T22:35:51-07:00

Goldiam International

Goldiam International is trading at 6.59x its FY 07 earnings. Looking at the future plans and the attractive valuations, the stock looks very under priced.

Incorporated in 1986, Goldiam International was mainly involved in exports of golden and diamond jewellery till the recent past. It has aggressive plans to enter the domestic retail sector in a big way in the future.

Pantaloon, through its subsidiary KB Infin, picked up a 10% stake in the company at Rs 45 crore in July 2006. Goldiam will use the extensive network of Pantaloon Big Bazaar outlets for its retail venture. It plans to sell an exclusive range of silver jewellery in the range of Rs 500-5000, targeting the middle class, through these outlets. At present, the company is exporting to retail chains like Walmart, JC Penny, etc where the margins are around 10-12%. The margins in the domestic retail sector are huge. Since the company is just entering the market, it will have to spend a substantial amount on advertising and brand creation. Taking all this into consideration, the average margins of the company on domestic retail sales should be around 20%.

On an equity of Rs 26.99 crore, the per share value of the investments and cash and bank balance of the company works out to Rs 24, which represents 20% of the share price of the company on 5.9.06.

On a consolidated basis, the company registered net sales of Rs 228.72 crore and net profit of Rs 27.18 crore in FY 06.

On a consolidated basis net sales increased 52% at Rs. 75.22 crore in Q1 FY 07 against Rs 49.4 crore in Q1 FY 06. Net profit increased 18% at Rs 4.27 crore against Rs 3.61 crore during the same period.

Recently the company received an order worth Rs 92 crore to be executed within 90 days. Net profit of the company (taking this order into consideration) in FY 07 could be around Rs 50 crore. On an equity of Rs 26.98 crore, the EPS for FY 07 works out to Rs 18.5. At the current price of Rs 127, the stock is trading at 6.59x its FY 07 earnings. Looking at the future plans and the attractive valuations, the stock looks very under priced and should be trading at over Rs 200 over the next 9-12 months.

Credits: Mehraboon Irani, Darashaw and Company

33% Steady Returns Expected in next 12 months

Investor — 2006-09-08T22:31:00-07:00

Sasken Communication

The company is uniquely positioned in the niche telecom software vertical. We believe that current stock valuation is cheap considering company's expected consistent growth prospects for next 3 years at a CAGR of 60%.

Sasken Communication and Technologies is uniquely positioned in the niche telecom software vertical, wherein it provides product-based as well as service-based solutions to network equipment manufacturers, semiconductor vendors and mobile terminal vendors.

The company recently acquired Finland-based Botnia Hightech (BH) and will be consolidating its revenue from October 2006 onwards. BH's revenue in FY06 (April closing) was 17.7 mn Euros (approx Rs. 103 crore) with PAT of 2.9 mn Euros (approx. Rs. 17 crore). This acquisition will draw strong synergies between both the companies as BH has a strong product portfolio and SCTL has global market access.

SCTL's revenues from its product division has fallen from 43% in FY03 to 4% in FY06. This dismal performance is history, as the company has strongly forayed into Integrated Solutions, wherein it will be designing solutions for 3G handsets and earning revenues in form of royalty for every handset shipped. In December 2005, SCTL signed a royalty-based deal with a major Japanese manufacturer for 3G handsets. In all, the company has 5 active partnerships with semiconductor manufacturers for its two designs. Of these, the company will generate revenues from only 3 partnerships in FY07. The shipment of the handsets of one of the company's design will start in December 2006.

At the current price of Rs 360, the stock is trading at a forward PE of 19x and 11x on FY07 and FY08 earnings. We believe that current stock valuation is cheap considering company's expected consistent growth prospects for next 3 years at a CAGR of 60%. The stock at current price looks a good value buy with a price target of Rs. 480 over the next 12 months.

Credits: Mehraboon Irani, Darashaw and Company

RE: About Petronet LNG

ujjuku — 2006-09-08T03:12:06-07:00

rs. 60 in 3 months

RE: About Ashok Leyland

saleem — 2006-09-08T01:24:27-07:00

Ashokley: can buy it for a target of 56 in the precribed period.

BUY Calls from Deepak Mohani, E Mathew and Rajat Bose

Stock Market India — 2006-09-07T21:25:48-07:00

Deepak Mohani:
Buy Hindustan Motor below Rs 43 with stop loss of Rs 42. This is a day-trading recommendation.
Buy Gitanjali Gems below Rs 207.50 with stop loss of Rs 205. This is a day-trading recommendation.

E Mathew
Buy Bajaj Hindustan on declines with a stop loss of Rs 310, for a medium-term target of Rs 390
Buy Lok Housing (279.30) with a stop loss below Rs 272 for a target of Rs 305

Rajat K Bose
Buy Lok Housing (279.30) with a stop loss below Rs 272 for a target of Rs 305
Buy IVRCL Infrastructure (264.70) with a stop loss below Rs 258.80 for a target of Rs 277

Two Mid-Term BUY Recommendations with Analysis

Investor — 2006-09-07T09:22:27-07:00

HINDUSTAN ZINC
Present Price - Rs.638 Projected Price - Rs.690

With a market share of 67%, Hindustan Zinc Ltd. ( HZL) is the market leader in the Indian Zinc industry. HZL is a vertically integrated mining and metal company. With a mine capacity of nearly 6 million tonnes, smelter capacity of 400,000 tonnes and a power plant of 183 MW, HZL encompasses the entire gamut of the value chain. It enjoys one of the cheapest costs of metal production. The fundamentals of the zinc market continue to be robust as global markets are likely to be in deficit until 2007. A tight market, dwindling inventory levels, and supply side reeled by labour outages and strikes continues to bode well for zinc prices. Technically, the stock has broken out of a triangular pattern which is bullish and a strong buy signal has emerged. Buy for a minimum price target of Rs.690.

BHUSHAN STEEL
Present Price - Rs.253.55 Projected Price - Rs.290

Bhushan Steel is engaged into Cold Rolled, Galvanized and Special Steel production. The company targets the white goods and automobile manufacturers for their products and is a regular supplier to OEMs. It has the best names as their clients such as IFB, Daewoo, LG Electronics, Whirlpool, Electrolux and Carrier etc. Its backward integration project at Orissa is on-track. With the commissioning of the first sponge iron kiln, first phase of expansion is expected to be completed by Dec 2006. The integrated complex at Orissa, post expansion, will include a HR coil making capacity of 1.86 mn tpa, billet capacity of 300,000 tpa, and an 110 MW captive power plant. On the technical front, the stock
has broken out of a bullish pattern and is headed for substantially higher levels. Buy for medium term.

About Ashok Leyland

VICKY — 2006-09-07T03:54:29-07:00

HELLO,

CAN I BUY ASHOK LEYLAND AT CURRENT LEVEL FOR TARGET OF 52 WITHIN 3-6 MONTHS???

OR WAIT ???????

About Petronet LNG

Vicky — 2006-09-07T03:52:54-07:00

HELLO,,

WHT IS THE TARGET FOR PETRONET LNG FOR SHORT TO MEDIUM TERM?

About Alstom Power

Vicky — 2006-09-07T03:51:49-07:00

Hello,

I have Alstom @ Rs. 350.......Shall i hold on to it???Can i get my Price back in Short-Medium term????

Thanks

About IVRCL INFRA

Pragnesh — 2006-09-07T03:44:24-07:00

HELLO,

I HAVE PURCHASE IVRLC @ RS. 239. WHT IS THE SHORT TO MID TEMR OUTLOOK & TARGET????

THANKS

Capita Telepholio recommends buy call for short term

Stock Market India — 2006-09-06T23:56:51-07:00

BUY: Aditya Birla Nuvo at Rs 836

Now full details:

BUY : Aditya Birla Nuvo at Rs 836
BSE Code : 500303
NSE Symbol: ABIRLANUVO
Market Lot: 1

Aditya Birla Nuvo is a unique play on four of India's most exciting
sectors namely garments, insurance, asset management, telecom and
information technology.

Actual consolidated EPS for March 2005 : Rs 7.7
Actual consolidated EPS for March 2006 : Rs 24.8
Projected consolidated EPS for March 2007: Rs 36.1

BUY Calls from Ashwani Gujral, E Mathew and Rajat Bose

Investor — 2006-09-06T21:22:46-07:00

Rajat Bose:
Buy Jindal Steel & Power (1584.80) here or on declines with a stop loss below Rs 1548 for a target of Rs 1658
Buy Hindustan Motors (43.10) here or on declines with a stop loss below Rs 39.80 for a target of Rs 53-55

E Mathew:
Buy Unitech with a stop loss of Rs 228, for a short-term target of Rs 290
Buy Unity Infraprojects with a stop loss of Rs 442, for a medium-term target of Rs 650

Ashwani Gujral:
Buy Bharti Airtel with stop loss of Rs 400 for a target of Rs 475
Buy Sterlite Industries with stop loss of Rs 440 for a target of Rs 550

TCS AND ONGC call as on 7 Sept

sharetipsinfo — 2006-09-06T11:04:45-07:00

Hi Friends.
We at sharetipinfo assure you that just buy these scripts and hold them for 2 days , and see yourself how much profit you are gonna book.
These two stocks will give good returns in two days time. so grab them tomorrow itself.

RE: ballrampur chini ... sell / hod

BULLS — 2006-09-06T06:39:49-07:00

I DONT KNOW THE TIME BUT CLEARLY THIS STOCK IS RECCOMMENDED BY KOTAK SEC. LAST MONTH FOR MEDIUM TERM TRGT 140 , SO ACCORDING TO ME U CAN HOLD IT FOR ATLEAST 3 MONTHS AND 1 THING MORE , IF IT COMES TO @90 ONE CAN BUY MORE . without worry.

GOOD STOCK FOR LONG TERM ALSO .

I MYSELF HOLD THIS STOCK . at avg 94

shares — 2006-09-06T01:06:12-07:00

DD Sharma, Anand Rathi Securities is of the view that Mercator Lines is the best buy - Read More

Stock Market India — 2006-09-05T23:35:32-07:00

DD Sharma, Anand Rathi Securities is of the view that Mercator Lines is the best buy.
Sharma told CNBC-TV18, "Mercator is one of the best play in the shipping sector, particularly the tanker rates for shipping is going very well. In April for example you have seen the VLCC rates were 22,100-22,200 around that level and now they are close to 63,000. So you see the rates whether it is VLCC, Suezmax or Aframax, everywhere the tanker rates has improved significantly from the April-May-June and now in July you see far higher than the April-May rates plus compared to a year ago also they are much better."
He further added, "So the current quarter and the coming quarter for the shipping sector could be quite well and Mercator is well placed, I expect the best out of it. The June quarter results which we see for Mercator which was down, this was mainly due to the dry docking of some ships of the Mercator which impacted the revenue also and cost on account of the dry docking charges. So Mercator is well placed and it is reasonably priced as around four times of the '07 earnings. It offers around 4% of the yield also, so I think it is the best buy."
Diclosure: I owned the above stock.

BUY Recommendations from Deepak Mohani, Ashwani Gujral, E Mathew and Rajat Bose

Stock Market India — 2006-09-05T23:24:03-07:00

Deepak Mohoni
Buy Tech Mahindra below Rs 552 with a stop loss of Rs 544; This is a day-trading recommendation
Sell Jet Airways above Rs 554 with a stop loss of Rs 565; This is a day-trading recommendation

Ashwani Gujral
Buy Banco Products with stop loss of Rs 190 for a target of Rs 280
Buy KS Oils with stop loss of Rs 220 for a target of Rs 320

E Mathew
Buy ACC with a stop loss of Rs 922 for a short-term target of 1001
Buy Jaiprakash Associates with a stop loss of Rs 430 for a short-term target of Rs 522

Rajat K Bose
Buy ACC with a stop loss below Rs 929.80 for a target of Rs 967
Buy Gujarat Ambuja Cement with a stop loss below Rs 112 for a target of Rs 121

BUY Praj Industries at CMP for target of Rs 214 - 15% Quick Appreciation

Investor — 2006-09-05T09:18:40-07:00

Praj Industries-Buy - CMP: Rs183.5

Buy Praj Industries at the current market price of Rs183.5 with a stop loss of Rs168.4 for a target of Rs214.

Sharekhan recommends BUY for this stock for 30% Gains

Stock Market India — 2006-09-05T08:21:55-07:00

Tata Tea -
Analyst meet takeaways Buy; CMP: Rs798 -- Target; Rs. 1040

We attended the analyst meet organised by Tata Tea Ltd (TTL) last week after the acquisition of Energy Brands Inc (EBI) by the company. Even though the recent acquisitions of TTL have helped the company transform itself into a splendid branded beverage play, we believe that the funding issues with regard to the latest acquisition (EBI) will act as an overhang on the stock in the short term.

Valuation of EBI revised at 12.4x sales

In the analyst meet, the management of TTL indicated that EBI's revenues for CY2005 were at $175 million instead of $350 million as was stated earlier. This puts the valuation of EBI at 12.4x its CY2005 revenues against the earlier valuation of 6.2x. TTL may go for equity dilution
The various options available to TTL for raising Rs864 crore required to invest in EBI
are as follows:

it could unlock the value of its investments in various other Tata group companies;
it could restructure/sell partially its north Indian plantation operations;
it could take debt as its stand-alone debt/equity ratio is very low at 0.2x; or
it could go for equity dilution, which may be in any form including a rights issue. The dilution may be to the extent of 8-10%.

TTL's stake in TTGL to go down

TTL and Tata Sons Ltd (TSL) will invest $192 million and $58 million respectively in Tata Tea GB Ltd (TTGL; a vehicle for the EBI acquisition) in the form of equity. TSL will subscribe to convertible bonds of TTGL which will increase its stake in the latter to 23% (current holding = 1.4%). TTL's stake in TTGL will come down to 77% from 98.5% pre-acquisition.

Short-term overhang on the stock

We expect the EBI acquisition to act as an overhang on the stock price in the short
term because of the following reasons.

1. Near-term earnings to reduce by 20-25%

To fund the acquisition, TTL will either raise debt or dilute equity or reduce investment which will affect its earnings negatively
TTL's stake in TTGL will reduce to 77% from 98.5% pre-acquisition
TTGL will have to take $427 million of debt to fund the acquisition which will increase TTGL's interest cost

2. Reduce appetite for further acquisitions
TTL's consolidated debt/equity ratio of nearly 3-4x will reduce its appetite for further acquisitions in tea space

3. EBI to contribute to earnings from FY2009

EBI is expected to start paying dividend from FY2009 onwards and hence will contribute to TTL's profitability only after three years Long-term potential is immense The management of EBI has indicated that the revenues of the company are likely to quadruple over CY2005-07 to $700 million with the potential to reach even $1 billion in the same period. It is also expecting the enterprise value of the company to nearly go up to $10 billion from the current $2.2 billion (appreciate almost five times). Thus, the investment in EBI holds immense long-term potential
for TTL looking at the fact that TTL holds the right to increase its stake in the company to 40%.

Valuation and view
We will revise our earnings for the stock once the funding pattern for the EBI acquisition becomes clear. We maintain our Buy recommendation on the stock with price target of Rs1,040.

Wots with IFCI ???

abhayt — 2006-09-05T03:22:57-07:00

Hi, I have 1000 shares of IFCI @ 9.48...for quite some time this share is hovering around 9.30...!

Is there any news in store that can shoot it to 11 in the coming days...anything...????

Thanks

ballrampur chini ... sell / hod

satyam — 2006-09-05T00:51:30-07:00

BUY Calls Forum\

I have brought Ballrampur chini at 100

After what time can we expect it to cross 115, 150 mark

BUY Era Constructions - Read analysis

Stock Market India — 2006-09-04T22:05:17-07:00

Investor can consider fresh exposures in the stock of Era Constructions (Era). The stock trades at a price earnings multiple of 10 times its expected 2006-07 per-share earnings. Our view is based on the healthy order flow, better than expected earnings numbers for the first quarter and substantial expansion in operating profit margins.
The recent expansion in equity will also prepare it for entry into BOT (build, operate transfer) projects. The company has forayed into making of pre-engineered building materials that could help protect margins and improve its earnings growth. Its foray into newer business segments such as real estate and BOT projects could diversify growth avenues but would also carry an element of risk.
Construction stocks were the worst hit during the recent correction and they have been laggards compared to other sectors in the recent pull back despite good performance and healthy order flows. Era trades at a discount compared to most other construction stocks in its peer group and has potential for appreciation.
Era has been receiving a flurry of orders from the power and railway sectors apart from industrial civil structures in the last three-four months. Quite a few of them are large-sized orders. The total orders received in the first quarter are close to Rs 275 crore, almost equal to 2005-06 revenues. The order book to sales ratio at four times is comparable to other players in the sector. The robust order flow in the first quarter reinforces the growth prospects.
Operating profit margins have shot up sharply due to increase in volumes and execution of contracts where the clients supplied raw materials. Though this may not be sustainable, its backward integration into pre-engineered building could help it protect margins to some extent. The scope for such products also holds promise.
Era has raised capital to meet pre qualification requirements for entry into BOT projects. Though competition is stiff in this segment, with tie-ups with bigger players, even a marginal share of these projects could improve revenues. Margins, however, are lower in this segment.

Investment Advice: Questions and Answers on YOUR Stock - 4th Sept to 8th Sept

Stock Market India — 2006-09-04T22:04:31-07:00

Please tell me the future of Gitanjali Gems, which I purchased at Rs 190 and JP Hydro purchased at Rs 34.
Gitanjali Gems (Rs 196.8): The chart is showing good momentum since the bottom formed in the beginning of August 2006. The stock has the short-term target between Rs 220 and Rs 230. If this level is crossed, the price can go on to the previous high of Rs 270. Hold the stock with a trailing stop-loss of Rs 20 from the most recent peak to take advantage of this rally.
J. P. Hydro (Rs 28): JP Hydro has not been able to recover with any great conviction from the hit it took in May 2006. The price is moving sideways between Rs 21 and Rs 28 since early June. Price will face resistance at Rs 29 and then at Rs 33. Exit at Rs 29 if the price is unable to overcome this resistance level.
I would appreciate your view on Andhra Petrochemicals and Nagarjuna Fertilizers (long term view).
Andhra Petrochemicals (Rs 11.4): The Andhra Petrochemicals stock has started moving up since August 2006.
A long-term low seems to have been formed at Rs 7.2 in mid June. The long-term resistance for the price exists at Rs 16. This level needs to be crossed for the price to rally to the previous high of Rs 21. Hold the stock with stop-loss at Rs 7.
Nagarjuna Fertilizers (Rs 12.1): The long-term bull run that began in 2003 has ended in this stock.
However, the slide in the prices of Nagarjuna Ferlilizers has halted near its long-term support at Rs 10.
Hold the stock with a stop-loss at Rs 9. The price can rise to Rs 13.5 and then to Rs 16 over the next one year. Exit can be considered at either of these levels.
I want to know the long-term outlook of Hindustan Construction Company purchased at Rs 176 during March 2006. Is there any sign of recovery? Should I hold or book loss at current levels?
Hindustan Construction Company (Rs 108.4): This stock rose from a low of Rs 81 in October 2005 to a high of Rs 196 in March 2006.
The slide since May 2006 has now stopped at Rs 82 and we are seeing a fight back in the price. Good volumes have accompanied the rally since July 2006, which is a positive sign.
You can hold this stock for long term (more than one year) with a stop-loss at Rs 75.
Please advice on the prospects of IDFC (Rs 64.32) and Micro Technologies (Rs 158.06) in a medium-term perspective.
IDFC (Rs 59.8): The IDFC stock has had a strong upward move since hitting a low of Rs 44 on July 24. The medium-term prospects of IDFC look good. The immediate resistance for the price is at Rs 65. If this level is crossed, then there can be a rise to the former peak of Rs 78 or beyond. Hold the stock for the medium-term with a stop-loss at Rs 50.
Micro Technologies (Rs 202.4): The price of Micro Technologies is turning down from its immediate resistance of Rs 220.
Hold the stock with a stop-loss at Rs 175 for the medium-term. The target beyond Rs 220 falls at Rs 260.
Should I buy Grasim Industries at current prices?
Grasim (Rs 2,252.9): The chart of Grasim has been moving sideways with an upward bias since the beginning of August 2006.
The short-term formation indicates inherent strength. Buy at current levels with a stop-loss at Rs 2,170 if you are a trader. Investors should wait for a dip to Rs 1,950 or Rs 1,820 before entering this stock.
Please advise whether I can hold Bongaigaon Refineries purchased at the rate of Rs 99.9.
Bongaigaon Refineries (Rs 56.9): The price of Bongaigaon refineries has bounced off its long-term support at Rs 44. You can hold the stock with a stop-loss at Rs 40. This level should support the price in case of a sharp slide in prices. For the next one year, the price will have difficulty rising above Rs 79. This level needs to be crossed if the price has to rally to its previous high of Rs 107.
Kindly, let me know the prospects of Jet Airways purchased at Rs 1,020. Can I purchase additional units at these current prices?
Jet Airways (Rs 538.2): The stock is currently ruling near its all-time low. Due to paucity of adequate historical data, it is not easy to determine the place where the price can halt. So buying additional shares is not recommended. Price can rally to
Rs 700 over the next few months when you can exit this stock. Till then, hold with a stop-loss at Rs 450.
What is the short-term and medium-term outlook for MSK projects (India) Ltd bought at Rs 128 and Advani (Ramada) Hotel bought at 102?
MSK Projects (Rs 70): The price has had a very steep 63 per cent fall from its peak of Rs 138 recorded in May 2006. Since several investors have entered this stock at higher levels, profit booking will be seen at every rally. Price will face stiff resistance between Rs 85 and Rs 90 over the next few months. Exit at these levels and switch to another stock. Till then hold with a stop-loss at Rs 48.
Advani Hotels (Rs 95.6): The price has turned up from its long-term support at Rs 56 and has since gained 68 per cent. There is short-term resistance at Rs 100 from which the price is currently reacting. Exit here is if you are a short-term investor. If your perspective is long-term, then hold the stock with a stop-loss at Rs 70.
Kindly let me know the prospects of Bata India purchased at Rs 247. T.S. Prasad
Bata India (Rs 207.2): Price of this stock has had a sharp 57 per cent fall since its peak of Rs 329 in May 2006. Price is turning down from the near term resistance at Rs 220. The resistance beyond Rs 220 falls at Rs 257. Exit at current levels if you are a short-term investor. If you are a long-term investor, then hold with a stop-loss at Rs 180.
I have purchased 1257 shares of Sterlite Industries at the rate of Rs 405. What is the prospect of this stock? Can I get rebate of STT (Securities Transaction Tax) in income-tax? I am an individual.
Sterlite Industries (Rs 424.5): The price has seen a strong rebound since hitting a low of Rs 255 on June 16. The price has already retraced 50 per cent of the fall from its May 2006 highs. The next target for the scrip is at Rs 475. This level needs to be crossed convincingly if the bear grip has to end on this counter. If you are a short-term investor, book profit and exit at these levels. Long-term investors can accumulate this scrip in the band between Rs 300 and Rs 350.
You can get rebate in respect of securities transaction tax (STT) paid under section 88E introduced by the Finance Act (No 2) of 2004. As per this section, where the total income of an assessee includes any income under the head `Profits and Gains from Business or Profession' arising from taxable securities transaction, he shall be entitled to a rebate from the income tax on such income. The amount of rebate shall be the lower of the amount of STT paid in respect of taxable securities transactions entered into in the course of business during the previous year or the income-tax on above income.
What is the outlook for Mid-day multimedia bought at Rs 90 three months back?
Mid-day Multimedia (Rs 46.4): This stock has wiped out almost the entire gains that were made from the low of Rs 26 in August 2005. Long-term support exists at Rs 25. Hold with a stop-loss at Rs 24. The price will however struggle to get past Rs 66 in the medium-term. Exit at these levels if you are a medium-term investor and switch to some other stock.
What are the short and medium term prospects of Tata Tele Maharashtra?
Tata Tele Maharashtra (Rs 18.9): The recovery in the price since the low of Rs 15.5 recorded on 9 June does not show any conviction. A long-term support exists at Rs 17. A sharp fall below Rs 17 will drag the prices to Rs 14 or Rs 11. Price will struggle to go past Rs 24 over the next few months. This level, if breached can take the price to Rs 29. The outlook is negative for this stock.
Please advise whether I should hold JP associates bought at Rs 577.
JP Associates (Rs 427.1): If you are a short-term investor, then exit at current levels as the price has already retraced 50 per cent of its fall since the May 2006 high. The next resistance for the stock is at Rs 490. This level needs to be crossed strongly if the price has to proceed towards your cost price. If you are a long-term investor, then hold with a stop-loss at Rs 340.
What are the prospects of Hind Motors Shares bought at Rs 44.38 per share one year back?
Hindustan Motors (Rs 39.4): The price has clawed back to Rs 40 levels after being hammered to the lows of Rs 25 in July 2006. The medium-term outlook will stay positive as long as the price stays above Rs 32. You can hold the stock with a stop-loss at that level if you are a long-term investor. Short-term investors can exit at current levels. The price will face considerable resistance from Rs 47 levels over the next few months.

Medium term indicators are showing weakness.

Asif Ahmed Farooqui — 2006-09-03T05:53:01-07:00

Stochastic given sell signal. RSI is tandem with the Sensex. ROC is negative divergence with the Sensex. Price oscillate is also showing negative divergence. MACD is in positive territory but stable. CCI too diverging the senses negatively which is a bearish signal.

Medium term indicators are showing weakness. Investor should apply stick stop loss and shed some position. Avoid taking fresh long position.

http://www.managefolio.comPosted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

RE: Derivative Pick for Medium Returns with Medium Risk

jayesh — 2006-08-31T18:24:25-07:00

both suzlon and BEL CAME DOWN VERY BADLY

RE: Derivative Pick for Medium Returns with Medium Risk

jayesh — 2006-08-31T18:24:24-07:00

both suzlon and BEL CAME DOWN VERY BADLY

70% Returns expected from this stock on Investment

Stock Market India — 2006-08-31T04:42:45-07:00

Indo Asian Fusegears
Indo Asian Fusegears is expanding capacities in its product segments and developing new product segments. Buy with a target of Rs 240.Current Market Price is Rs 140.

Though the current quarter for Indo Asian Fusegears Limited (IAFL) was not very impressive, we believe that with current initiatives like consolidation of the businesses and on-going expansion program, IAFL will be reckoned amongst the world's largest and state-of-the-art producers of Circuit Protection Equipments and Energy Saving Lamps. IAFL has a very good track record and has managed excellent timing by aggressively expanding at the time when the Indian electrical equipments segment is on the fast track growth path

The company is expanding capacities in the existing product segments and developing new product segments to take full advantage of the Indian Electrification drive. In the domestic market the company is taking prudent steps to increase its presence with its big network of dealers and distributors. In the export market, it has tied up with some of the most reputed names abroad. It has JV partnerships with companies like Heinrich Kopp (Germany),Nordex (Italy), National Glass Company (Saudi Arabia), etc.

As its expansions get operational, we expect IAFL's top line to grow by 74.5% & 57.8% and APAT to grow by 47.7% & 57.9% respectively in FY07E & FY08E. We expect IAFL's fully diluted EPS to increase at a 30.2% CAGR from Rs.10.9 in FY05 to Rs.24.1 in FY08E. At the current market price of Rs.130, the stock is available at 5.4x FY08E earnings of Rs.24.1, on the diluted equity of Rs.153.1 mn, which we believe is very attractive. We are retaining BUY rating on the stock with a target price of Rs.240 (10x FY08E P/E).
Source: SP Tulsian

Expect annualized returns of 25 per cent, for the next two years from this stock

Stock Market India — 2006-08-31T04:39:22-07:00

Balrampur Chini

The big sugar mills have bright future ahead. The increased production
of ethanol and power shall also improve the company's performance.

Opportunities and Strengths :-

# Due to state elections, approaching in U.P. in February 2007, we
expect an increase in SAP (State Advisory Price) of Sugarcane by about
Rs.5 per quintal from Rs.115 per quintal to Rs.120 per quintal.

# During season 06-07, we expect ample availability of cane in UP at
SAP. This situation is likely to remain better in eastern UP where the
mills of the company are located. This will result in higher capacity
utilization of mills, as also keeping lower cost of production. Cost
of materials were higher due to higher price paid by mills in season
05-06.

# Sugar prices may remain lower in season 06-07 due to estimated
production of 23 millions MT in India. We have estimated realization
at Rs.17.90 per kg, a drop of about Re. 1 per kg.

# Ethanol prices are likely to get revised from Rs.18.75 per litre to
around Rs.23 per litre. This improved realization shall offset the
expected lower margin in sugar, due to lower prices.

# The Sugar export is likely to be allowed by the Government of India
in January 2007 after reviewing the production of first two months of
season of 06-07. This shall improve the Sugar Price in domestic
market.

# The company is logistically better placed to export sugar to
neighbouring countries, where the demand is likely to remain robust in
the next year.

# The global market for Ethanol is likely to remain robust in the
coming year with an expected realiasation of Rs.26 per litre and
above.

# The UP State Subsidy benefits and carbon credit (Co-generation
projects) shall add extra to the bottomline of the company

Concern and Risks :-

# Any extra increase beyond Rs.10 per quintal in SAP may sharply
increase the cost of production.

# Any delay in ethanol price revision can be a dampner

Conclusion :-

Due to commencement of Mankapur unit, as also due to expected ample
availability of cane in season 06-07, the company is likely to produce
11 lacs plus MT of Sugar. The increased production of ethanol and
power shall also improve the company's performance. We have factored
in UP State subsidy revenue of about Rs.42 crore in FY07 working.
Considering an estimated production of 11.26 lakh MT of Sugar, 85000
KL of Rectified Spirit / Ethanol and 65 crore units of power, we
expect company to report a bottomline of Rs.340 crores resulting in an
EPS of Rs.13.70 per share.

Due to strong cash flows of the company, from its working (Rs.320
Crores, net off dividend in 18 months ending 30.09.06) in FY06 and
FY07, the company may not be required to go for any equity dilution or
to leverage its balance sheet by huge borrowing.

Hence, the share at levels of around Rs.100 appears to be a safe bet
which can give an annualized return of 25 per cent, for the next two
years. The big sugar mills have bright future ahead and company falls
in that category.

BUY and SELL Calls from Rajat Bose, E Mathew, Ashwani Gujral and Deepak Mohani

Stock Market India — 2006-08-30T22:59:37-07:00

Deepak Mohoni

Buy Union Bank below Rs 121.50 with stop loss of Rs 119.50; This is a day-trading recommendation

Buy Sterlite Opticals below Rs 179.50 with stop loss of Rs 176.50; This is a day-trading recommendation

Rajat K Bose

Buy IDBI with stop loss below Rs 64.40 for a target of Rs 72

Buy LIC Housing Finance with stop loss below Rs 156 for a target of Rs 166

E Mathew

Buy ITC with a stop loss of Rs 178 for short-term target of Rs 204

Buy Amtek India with stop loss of Rs 113, for short-term target of Rs 150

Ashwani Gujral

Sell Tata Steel with a stoploss of Rs 520, for a target of Rs 460

Sell Hind Zinc with a stoploss of Rs 600, for a target of Rs 500

80% Upside possible in this stock - Read the details

Stock Market India — 2006-08-30T21:16:47-07:00

Ahmednagar Forgings

BUY: Price : Rs 186; Target Price : Rs 335
We believe Ahmednagar Forgings Limited (AFL) to be a compelling value and growth play within the auto components space. We believe AFL enjoys excellent product delivery capabilities and strong skill sets developed by it over a time. This is strongly reflected from the fact that AFL's topline and bottomline growth in the last 3 years have grown at a CAGR of 43% and101% respectively. We expect faster momentum to continue considering the continued strong growth from both the domestic and export markets, with ROCE and RONW of 26% and 13% respectively for FY07E and net profits estimated to grow at a CAGR of50% over the next 2 years. (FY06-FY08E).
Investment Highlights

Strong domestic automotive demand to fuel topline growth � AFL is a Tier I supplier to large domestic OEMs like Bajaj Auto, Tata Motors HMSI (Honda Motorcycles & Scooters India Pvt Ltd), L & T John Deere, BEML, Eicher Motors catering largely to the Commercial Vehicle, Two Wheelers and Tractor segments. Incidentally AFL derived about 14% of its revenues from Two Wheelers, 45% from HCVs and 29% from the LCV segments. Our assessment is that both the Two Wheeler and CV segments are likely to maintain the strong growth momentum over the next 12-15 months which would continue to drive topine growth for AFL.

Exports offer a good outsourcing opportunity � In FY06A AFL's exports totaled Rs 200 mn � up by 51%yoy. Exports customers include Cummins India, Fair Field Atlas,GWK Amtek Group, and Zelter Germany. During FY06A, AFL acquired one forging production line of Anvil Inc, which is a part of Tyco International, at a total cost of Rs350mn which has a installed capacity of 40,000MTPA. AFL is installing this production line in its Pune plant and expects to generate revenues from October 2006 onwards. AFL would continue to supply these forging products to auto and petroleum sector customers and out source production for a major portion of Anvils existing customersbased a aboard. We estimate AFL to report exports of Rs1800mn in FY07E and Rs2700mn in FY08E.

Strong earnings growth; sharply improving fundamentals � Moving forward we expect AFL to consolidate its position in the domestic forging markert space with EBIDTA margins continuing to remain attractive between19% to 20% over the next 2 years. With increased machining capacity coming by end of FY07A, the full impact of incremental topline and EBIDTA growth and margin improvement is likely to be reflected in FY08E.

Risks & Concerns �

Any significant downturn in the domestic Commercial Vehicle, Two Wheeler markets and export markets could impact AFL's earnings negatively.

Potential for Re-rating � The AFL stock trades at a P/E of 10xFY07E & 7 x FY08E, and a EV/EBIDTA of 5x FY07E . We expect AFL to double its revenues in the next two years that is by FY08E largely led by exports, acquisition of new domestic customers and higher share of value added machined products. Going ahead we estimate AFL to record a 50% CAGR growth in net revenues, with EBIDTA growing by 55% over the next 2 years between FY06-FY08E. With an EPS CAGR growth of 50% estimated over FY06-08E, and extremely attractive valuations of10x FY07E and 7x FY08E makes us initiate a BUY on the stock with a target price of Rs. 335 Based on the DCF approach. At our target price the stock will be valued at 17x and 13x P/E and 8x and 6x on EV/EBITDA basis for FY07E and FY08E respectively.

Derivative Pick for Medium Returns with Medium Risk

Stock Market India — 2006-08-29T21:12:34-07:00

HOLDING PERIOD - FIFTEEN DAYS
BHARAT ELECTRONICS ( Rs.1202) : The stock has broken out of a very bullish pattern in the daily chart and both the 14 day RSI and StochRSI has given a fresh buy signal. Buy above Rs.1205 with a stop loss of Rs.1184 for a minimum target price of Rs.1262. Higher targets of Rs.1295-1305 are also possible.
SUZLON ( Rs.1241) : The stock has moved up after a decent consolidation and has closed on a strong note. All the oscillators are supporting the likely upmove. Buy above Rs.1245 with as stop loss of Rs.1224 for a target price of Rs.1264 and Rs.1282.

High Risk and High Return Investment

Stock Market India — 2006-08-29T21:11:19-07:00

HIGH RISK / HIGH RETURN Investment

INDIA BULLS ( Rs.301.70) is being bought by a Mumbai based operator in a big way and he expects the stock to cross the Rs.350 mark very soon.
ESAB INDIA ( Rs.375.25 ) is likely to report excellent numbers in the next two quarters, says a leading engineering analyst from Mumbai. He expects the stock to cross the Rs.500 mark in the next one year.
TRF is likely to receive a big order and a leading brokerage house is recommending this stock to all their clients with a price target or Rs.600 plus in one year.

Pune Based Praj Industries shall give 30% returns on investment

Stock Market India — 2006-08-29T21:10:10-07:00

PRAJ INDUSTRIES
Present Price - Rs.175 Projected Price - Rs.225
Praj industries based in Pune is engaged in the manufacture of distillery and fuel ethanol plants and is the leader in the domestic market with a market share of more than 75%. The world ethanol consumption has grown from 27 billion litres in the year 2001 to 41 billion litres in 2005, which has been mainly driven by the increasing consumption of fuel ethanol. By 2010 the world ethanol consumption is
expected to reach a level of 72-80 billion litres. Apart from the domestic market, PIL already has a presence in South East Asia, Australia, Africa and Latin America, where the company will focus on organic growth to improve its financial performance. On the technical front, one can notice in the adjacent technical chart that the stock has broken out of triangular pattern and is headed for substantially higher levels. Long term holders can expect higher targets.

35% to 40% returns on this stock recommended by Anand Rathi securities

Stock Market India — 2006-08-29T21:09:06-07:00

We initiate coverage on REI Agro. with a BUY recommendation and a price target of
Rs.170/-. CMP is Rs. 124.
Investment Arguments
Largest Basmati Rice Miller in the World
REI has in a timespan of less than a decade, emerged as the largest Basmati rice miller & enhanced capacities will enable the company to cater to growing market demands, particularly from modern retail & export markets.
Shift from Unorganized to Organized
There's a perceptible shift of market share from unorganized players to organized ones, as they are able to offer quality product in volumes & at affordable price. REI, being a key player, will be able to leverage it's economies of scale to garner greater market share.
Favorable Demographics
India's Favorable Demographics, coupled with rising incomes & the willingness of consumers to pay a price premuim will provide greater opportunities for Branded players.
Improved Revenue Mix
Over the last 2 years, the contributions from Branded Sales & Export sales are rising & management is taking credible steps to further better that mix.

Enhancing Margins
Company's initiative to emerge as a branded player, both domestically & overseas is enhancing the margins, a trend likely to continue in near future.
Risk Factors
Being an Agro-based player, company is vulnerable to vagaries of nature.
High Leverage, with relatively low net margins could doubly hurt the company, in case of bumper basmati crops.
Valuations
At the current Market Price, the stock discounts FY07E Earnings by 6.5x & FY08E earnings by 4.9x, which is lower than the historical multiple stock traded at. Also, given the leadership status of the company & earning visibility, we initiate coverage with an
Buy rating & a price target of Rs.170/-

DERIVATIVE PICKS: HOLDING PERIOD - FIFTEEN DAYS

Stock Market India — 2006-08-28T22:09:43-07:00

SBI ( Rs.622) : The stock has broken out of an extremely bullish pattern on the daily charts and the 14 day RSI is supporting the breakout. Buy above Rs.923 with a stop loss of Rs.914.75 for a minimum target price of Rs.938 and Rs.946.

SHIPPING CORP (Rs.143.80) : The stock is displaying a lot of strength and has also broken out of a bullish pattern. It has also crossed the 100 DMA at Rs.142. Buy above Rs.145 with a stop loss of Rs.140.75 for a target price of Rs.152 and Rs.156.

UNION BANK OF INDIA (Rs.117) : Buying is advised above Rs.118 for a target price of Rs.121 and Rs.123. Stop Loss of Rs.114.45 is advised.

DERIVATIVE PICKS: HOLDING PERIOD - FIFTEEN DAYS

Stock Market India — 2006-08-28T22:08:28-07:00

DERIVATIVE PICKS: HOLDING PERIOD - FIFTEEN DAYS

SBI ( Rs.622) : The stock has broken out of an extremely bullish pattern on the daily charts and the 14 day RSI is supporting the breakout. Buy above Rs.923 with a stop loss of Rs.914.75 for a minimum target price of Rs.938 and Rs.946.

SHIPPING CORP (Rs.143.80) : The stock is displaying a lot of strength and has also broken out of a bullish pattern. It has also crossed the 100 DMA at Rs.142. Buy above Rs.145 with a stop loss of Rs.140.75 for a target price of Rs.152 and Rs.156.

UNION BANK OF INDIA (Rs.117) : Buying is advised above Rs.118 for a target price of Rs.121 and Rs.123. Stop Loss of Rs.114.45 is advised.

Short Term BUY Recommendation - Kesoram Industries - 15% gain in 1 to 3 months

Stock Market India — 2006-08-28T21:16:41-07:00

KESORAM INDUSTRIES: Present Price - Rs.387.20 Projected Price - Rs.450
HOLDING PERIOD - ONE to THREE MONTHS

Kesoram Industries Ltd. (KIL), a member of B K Birla group is a diversified company having its presence in Cement, Automobile Tyres/ Tubes, Rayon and Heavy Chemicals. It has strong presence in Cement and Tyres with established brands like Birla Shakti Cement and Birla Tyre. The company is all set to benefit from the buoyancy in its key businesses cement and tyres. Its assets are still quoting at a significant discount to replacement cost and peers. The company has an Equity Capital of Rs.45.74 cr and in its latest quarter it reported an impressive Net Profit of Rs.63.40 cr. On the technical front, the stock is in an extremely strong uptrend and all the oscillator charts indicate that the stock has a lot of steam left. Long term investors can expect substantially higher targets.

BUY Recommendations from Ashwani Gujral, E Mathew and Rajat Bose

Stock Market India — 2006-08-28T21:16:07-07:00

Ashwani Gujral BUY Recommendations:

Buy Infosys with a stoploss of Rs 1720, for a target of Rs 1850
Buy HPCL with a stoploss of Rs 250, for a target of Rs 310

Rajat K Bose BUY Recommendations:

Buy HPCL (Rs 269.05) with a stop loss below Rs 257 for a target of Rs 293
Buy ABB (Rs 2833.20) with a stop loss below Rs 2807 for a target of Rs 2915

E Mathew BUY Recommendations:

Buy RPG Life Science with a stop loss of Rs 109 for a short-term target of Rs 171

Investment: Questions and Answers on YOUR Stocks - 28th August to 01st Sept

Investor — 2006-08-27T13:04:20-07:00

What is the outlook for Arvind Mills bought at Rs 102 and Praj Ind bought at Rs 190?

Arvind Mills (Rs 61): The price is moving in a sideways range between Rs 52 and Rs 66 since June 2006.

The long-term trend is negative. Any rally will face resistance at Rs 75. Exit at this level if the price fails to overcome this resistance. If the price rises past Rs 75, then it can attain Rs 90. Hold with a stop-loss at Rs 50.

Praj Industries (Rs 163.7): The long-term outlook looks promising. Hold with a stop-loss at Rs 138. The stock has a near-term target of Rs 194 and Rs 210. But in the long-term, it can rally to Rs 247 or Rs 328.

Will Gammon India reach/cross Rs 400? Should it be held for one year?

Gammon India (Rs 352.1): The stock has been pummelled since the March high of Rs 587 and reached a low of Rs 271 in July. A rebound is currently on in this stock.

If the price sustains above Rs 300 over the next two months, we can hope for the price to get to Rs 430-450 levels over the next one year. Hold the stock with a stop-loss at Rs 260.

I bought Biocon & Gufic Bio. Please explain their prospects both in short and long term.

Biocon (Rs 381.8): The stock will face resistance at Rs 400 in the short-term. If this level is surpassed, there can be a rise to Rs 435. We do not have enough data to derive the long-term outlook for Biocon. Long-term investors can hold the stock with a stop-loss at Rs 280.

Gufic Biosciences (Rs 10.9): The stock is near its all-time low price of Rs 7.7. There can be a rally to Rs 13 or Rs 15.5 levels over the next few months. Exit at either of these levels. Till then, hold with a stop-loss at Rs 7.5.

What is your advice regarding Andhra Bank?

Andhra Bank (Rs 85.4): The price has been moving up smartly since the low of Rs 56 hit in July.

There are signs of slight weakness for the short term. There can be a dip to Rs 75 over the next few days.

But the outlook for the next few months stays positive. The target over the medium-term is at Rs 98 and then Rs 109. Hold the stock with a stop-loss at Rs 70.

Please give your view on Teledata Informatics. Should I hold, sell or switch?

Teledata Informatics (Rs 10.1): This chart has been in a downward trend since December 2004 when it touched a high of Rs 63.30.

The downtrend has aggravated since May 2005. Any short-term recovery will face resistance at Rs 15 and then at Rs 18. Exit if you get a rally to these levels. Till then, hold with a stop-loss at Rs 9.

What is the short-term outlook for BHEL and Wipro bought at Rs 2,350 and Rs 540?

BHEL (Rs 2,249.9): The daily chart is showing weakness. But the weekly chart is still looking bullish.

There can be a dip to Rs 2,120 or Rs 2,000 in the short tem. Hold with a stop-loss at Rs 2,000. Immediate upward target for the short-term target is Rs 2,500.

Wipro (Rs 511.5): The price has halted at an important resistance level of Rs 516.

This level needs to be convincingly crossed if the price has to proceed towards Rs 550 or Rs 580. If you are a short-term trader, then hold the stock with a stop-loss at Rs 485.

I have purchased shares of Sterlite Optical at Rs 135 and Exide at Rs 259. Please let me know what the prospects of these shares are.

Sterlite Optical (Rs 180.7): This stock is gaining momentum over the last 10 trading sessions.

This rally from Rs 103 to Rs 162 has been accompanied by good volumes, which is a good sign.

If you are a short-term trader, place a trailing stop-loss at Rs 140 and hold the stock. The subsequent targets are Rs 195, Rs 208 and then Rs 247.

Exide Industries (Rs 308.5): This is one of the few mid-cap stocks that have surpassed their May 2006 high. Short-term investors can hold with a stop-loss at Rs 260.

Long-term investors can keep a deeper stop-loss at Rs 225. This stock appears to be in a hurry to hit the Rs 500 level.

What are the prospects of Jagran Prakashan? Do you recommend a buy over the short-term?

Jagran Prakashan (Rs 306.2): The short-term outlook is positive.

Price is consolidating between Rs 295 and Rs 325. The upward targets on a breakout are Rs 380 and then Rs 450. Buy with a stop-loss at Rs 280.

What are the prospects of Madhucon Projects purchased at Rs 410 and Gangotri Textiles purchased at Rs 44?

Madhucon Projects (Rs 221.7): The stock has lost over 50 per cent since the high of Rs 437 hit in March.

Price would face stiff resistance from Rs 270 over the next few months. If Rs 270 is crossed, there can be a rally to Rs 335. Hold with a stop-loss at Rs 200 and exit at either of the targets mentioned above.

Gangotri Textiles (Rs 30.8): This stock is in a vicious downtrend. Long-term support exists at Rs 18. Price can rally to Rs 36 or Rs 43 where you can exit. Till then hold with a stop-loss at Rs 17.

WATCH NEARLY

OOOO — 2006-08-27T03:48:30-07:00

BUY Calls Forum

One can take long portions.

Asif Ahmed Farooqui — 2006-08-26T20:17:35-07:00

Last week BSE Sensex has closed up 106.48 points. The correction is completed. One can take long portions. Mid cap will be performer. 20 DMA which currently at 11170 is rising rapidly. Nearest support for the Sensex is 11400.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Capita Telepholio Recommends a Strong BUY for this Stock

Capita — 2006-08-26T01:27:58-07:00

BUY : Valecha Engineering at Rs 184
BSE Code : 532389
NSE Symbol: Not listed
Market Lot: 1

With a 200% jump in order book to Rs 800 crore, Valecha Engineering is set for a big leap in revenues and profits over the next two years. Having already raised money through GDR issue at Rs 270 and expected cash flow from sale of investments and land, the company will have enough liquidity to go for big ticket projects in future sustaining the long term growth.

Actual adjusted EPS for March 2005 : Rs 8.4
Actual adjusted EPS for March 2006 : Rs 11.9
Projected adjusted EPS for March 2007 : Rs 22.6

From present level of Rs.175/- share has potential to reward over 100% in next 12 to 24 months

Investor — 2006-08-24T15:43:45-07:00

Kernex Microsystems

Kernex Microsystems is the sole licensee of Konkan Railway for manufacturing, installation, commissioning and providing maintainance support of all types of Anti-collision Devices excluding auto breaking unit, as also having exclusive international marketing rights with a royalty payment to Konkan Railway.

Opportunities and Potential

The company is engaged in Manufacturing 4200 Anti-collision Devices (ACDs) per annum, having developed it after five years of R&D, Testing, Field Trails and supplying networked ACDs to Konkan Railway (KRC) an agency deploying the same for Indian Railways.
The Company went public in November, 05 with an issue of 39.60 Lacs equity shares of Rs.10 each at Rs.250 per share aggregating Rs.99 Crores.
The issue was to finance a Rs.99 crore project to increase capacity of ACDs to 10,000 numbers per annum, manufacture 1,000 Auto Driving Devices (ADD) for Sky Bus Metro Mass Transit System and 500 Advance Railway Signal Systems. Also, setting up Intelligent Transportation Technology Centre in Nalgonda District of A.P. on 1,035 acres of land for simulation and testing of advanced transportation control systems. The company also had plans to establish marketing headquarters and four international marketing offices.
The company is sole licensee of KRC for manufacturing, installation, commissioning and providing maintainance support of all types of ACDs excluding auto breaking unit, as also having exclusive international marketing rights with a royalty payment to KRC.
The company has participated in "China Intercity Rail Summit 2006" at Shanghai China, as also in "Rail Solutions Asia 2006" to market ACDs in China, Bangkok, Thailand, Indonesia and Sri Lanka. Also appointed a marking agent for Latin America particularly for Brazil, Argentina and Venezuela Markets.
The Company has already installed ACDs on 736 Km on Konkan Railway and 1,730 KM from Katihar in Bihar to Dibrugarh in Assam. Hence, Product has been successfully installed and made operational.
Indian Railways have to cover over 56,000 KMs of tracks with ACDs in next seven years with an outlay of Rs.1,875 crores. Apart from this, maintainance work would yield about 15% per annum, of the value of work having already done which has an OPM in excess of 60%.
In developing countries, over 8 lakh km track of medium to low density traffic require ACD type of equipments. The company is in a position to supply them at about 40% of international rate.
The company has also carried out a trial of 1.5 km of Sky Bus Metro Project built by KRC in Goa by providing Auto Driving Devices and Driver Control Console in Auto Driving mode which ran successfully. Hence, Sky Bus can give good business opportunity.
In view of recent damage having experienced by Indian Railways due to terriorist attack and heavy rains, the Indian Railways would expedite the process of installing ACDs and other safety devices on railways tracks, of which, the company shall be able to grab a good share.
The OPM of the company is very high to about 40% for the products and about 60% for services. The same shall improve with addition of new products and equipments and with increased level of activitiy.
A debt free company with high promoters stake

Threats and weakness

The company is totally dependent on one customer - Indian Railways. Any delay in order flow from Railway could hamper the growth.
Due to delay in land procurement, the expansion and new projects are likely to get delayed. Also, due to reschedulement by the Railways in procuring ACDs the order flows to the company are also getting delayed.
Very low participation by FIIs, MF and banks. The company need better visibility.
Inspite of the cost advantage, the company may face competition from international suppliers having global tie ups.
Overseas market is equally important for the company to grow and penetrating in those market (mainly in developing countries) would also be quite difficult. However, if company, through Konkan Railways (IPR holders of ACDs) enters into technological cum marketing tie up with a global major (technology and safety devices providers) this hurdle could get cleared and removed.

Conclusion

Considering all the benefits and odds, the company has advantage over technology skills in providing railway safety devices of different types, which has huge potential in view of recent terror threats and natural calamity. Even maintenance support services can give a good income flow to the company, on a regular and substanable basis, Also, this industry enjoy high PE multiple on bourses. Once the company proves its financial performance, it can easily get noticed by the funds and institutions. Hence, from present level of Rs.175/- share has potential to reward over 100% in next 12 to 24 months.

Ashwani Gujral & E Mathew give Short Term BUY Calls

PYT — 2006-08-24T15:40:51-07:00

Ashwani Gujral:
Buy Mahindra Gesco with a stoploss of Rs 650, for a target of Rs 900. This is an investment pick
Buy Hindalco with a stoploss of Rs 158, for a target of Rs 171 and Rs 185

E Mathew:
Buy ICSA India with a stop loss of Rs 716 for a short-term target of Rs 900
Buy Kalindee Rail with a stop loss of Rs 120 for a short-term target of Rs 160

RE: Share has potential to give over 100 per cent return in the next 24 to 36 months from its present levels

ISM — 2006-08-23T14:43:40-07:00

BUY Calls Forum

HM is a Decent Pick but we feel there are plenty of better options as of date and investment potential of over 200-300% in 36 months.

Short Term target 160, Mid term 180 and long term 200. Today it's already 10% UP

Stock Market India — 2006-08-22T21:32:56-07:00

Balaji Telefilms is not only market leader but a consistent performer on financial front. At a PE of less than 10x for FY07E earnings, this media stock looks very attractive. After touching a high of Rs 196 in March 06, the stock went in to a correction and made a low of Rs 95 in June'06. Now it is showing good strength and has moved above long as well as short term moving averages. One can buy the stock around current price with stop loss of Rs 125 and look for short term target of Rs 160 and medium term target of Rs 180. For longer term it can even move beyond Rs 200/-

20% returns are expected in Short Term. More returns on long term hold

Investor — 2006-08-22T15:57:55-07:00

VIVIMED LABS
Present Price - Rs.173.10
Projected Price - Rs.210

This Hyderbad based company is primarily a supplier of anti -microbial agents falling within the range of specialty raw materials to various cosmetics, personal care companies, etc. Its key products are Triclosan, Avis, Chlorophenesin, NDGA and CaGP and Specialty Active Ingredients. Vivimed Labs supplies all these products to Personal care and Cosmetics Companies. The Company is also following the CRAMS (Contract Research and Manufacturing Services) model, whereby it develops products exclusively for its customers and provides life cycle management support with inherent contractual flexibility. On the technical front, the stock will breakout of a bullish pattern once it crosses the level of Rs.178. Buy at current levels and add aggressively above Rs.178 for a minimum target price of Rs.210. Long term holders can expect higher returns.

Share has potential to give over 100 per cent return in the next 24 to 36 months from its present levels

Investor — 2006-08-21T10:04:39-07:00

Hindustan Motors has huge tangible assets having good demand for all type of its assets. Sum of part method, gives a valuation per share of over Rs 100.

Opportunities and Potential

The company has three car making plants in West Bengal, Tamil Nadu and Madhya Pradesh, Chennai Car Plant (CCP) is making Lancer Car and Pajero SUV in technical collaboration with Mitsubishi Motors of Japan. Pithampur Plant is making Road Trusted Vehicles (RTV) and multi utility vehicles in technical collaboration with OKA Motor Company of Australia. Uttarpara Plant in West Bengal is making Ambassador and Contessa Cars. Hence all the three plants are latest confirming to international standards.
Uttarpara Plant located in suburbs of Kolkata has 743 Acres of land (about 3 crore sq. ft) of which about 600 acres land is surplus which shall be developed by the company. Recently, there has been media reports that the company is developing about 310 acre into I.T. Development Park for which HDFC is advising the company. This surplus land is estimated to have valuation of over Rs.600 crores. If developed, the company is likely to make profit of over Rs.1000 Crores, including land and development.
In view of interest by global auto major, to make India as a sourcing hub, the company may go in for financial tie up for its CCP and RTV plants which can unlock good value of anywhere around Rs.400 to Rs.500 crores.
The company has at its Uttarpara Plant facilities, especially in the Forge Shop, Foundry and the Press Shop, to develop component business on a large scale and hence the company has taken initiatives to supply auto components to OEMs and to the export market. This shall make it pre-dominantly an auto ancillary unit which shall contribute significantly to its overall revenue in the next two or three years.
In Feb 05, the company had divested its PUP / PPD units at Pithampur and Hosur on which a gain of about Rs.190 crores was made. Apart from this gain, the company also has 49% stake in AVTEC Ltd., a company to whom this stake was divested. This 49% is presently valued at around Rs.300 Crores. In due course, the company may think of divesting this stake to mobilise funds for its reality development and auto component business.
The company has a debt of about Rs.120 crores as at 31st March, 06, which can get paid from the liquidation of investments / joint ventures and/or reality development. With this, the company can become debt free with strong asset base.
The present working, on quarter on quarter basis, may not reflect the true worth of the company. The tangible assets held by the company in the form of surplus land at Uttarpara, (Rs.600 crores) Car Plants (Rs.400 crores) and investment (AVTEC Ltd Rs.300 crores) and Auto Component Business (Rs.300 crores) are valued at about Rs.1500 - Rs.1600 Crores. Once company shift its focus on auto components, it can turn its bottom line in black with estimated net profit of about Rs.40-50 crores.
Property development business at Uttarpara can give good rental annuity to the company.

The financials for reality development at Uttarpara shall be as under :

PHASE I : 310 Acres equivalent to 15 million sq. feet.

Cost of construction and development at Rs.1,000 per sq. ft = Rs. 1,500 crores.
Selling 7.5 million Sq. ft on ownership basis at Rs.2000 per sq. ft = Rs.1,500 crores.
Fully developed area of 7.50 million sq. ft available to lease out at Rs.200 per sq. ft per year- Rs.150 Crores rental income / annually.
Estimated time - about 3 years.

PHASE II : 310 acres equivalent to 15 million sq.ft Broadly the same financial parameters with starting time after 3 years and completion time of three years thereafter.

Kolkata is preferred as a hot destination for organised retailing, I.T. Development Centres, I.T. Enable Services, BPO, KPO and commercial centres due to low reality price and lower manpower costs. Since, the company's properly is huge and in suburbs of Kolkata, it could attract industry giants.

Threats and weakness

Any delay in change of user, permissions/clearances from West Bengal government could delay reality development business.
Any delay on part of the management of the company for car plants J/V and realising investments could hamper the cash flow of the company.

Conclusion

The company has huge tangible assets having good demand for all type of its assets. Due to very low debt burden of about Rs.120 Crores, interest burden would be least on the company. Future revenue models of the company would be more dependable and revenue generating. Also, due to low market cap of about Rs.565 crores, floating stock of the company has largely been cornered by the informed circle. Sum of part method, gives a valuation per share of over Rs.100. This valuation seems reasonable and certain with potential of its realisibility in the next three years. Hence share has potential to give over 100 per cent return in the next 24 to 36 months from its present levels.

E Mathew, Rajat Bose and Ashwani Gujral give Short Term BUY Calls

PYT — 2006-08-21T10:02:10-07:00

E Mathew:
Buy Ankur Drugs with a stop loss of Rs 124 for a short-term target of Rs 166
Buy Aptech with a stop loss of Rs 120 for a short-term target of Rs 140

Rajat K Bose:
Buy Bharat Forge (Rs 350.05) with a stop loss below Rs 344 for a target of Rs 370
Buy Cipla (Rs 249.65) with a stop loss below Rs 244 for a target of Rs 260

Ashwani Gujral:
Buy Kernex Micro with a stoploss of Rs 180, for a target of Rs 245
Buy Punj Lloyd with a stoploss of Rs 725, for a target of Rs 880

Investment Queries: Questions and Answers 21st Aug to 27th Aug

Investor — 2006-08-20T16:09:35-07:00

Can I buy Bharat Bijlee and Bongaigaon Refineries at current levels? What is the target price in 5 months? Bharat Bijlee (Rs 975.3): Bharat Bijlee is not showing sufficient strength in the recovery witnessed since June 2006. You can enter now if you are a short-term investor with a short-term target of Rs 1,100. However, it would be best to wait for a dip and buy between Rs 800 and Rs 850 with a stop at Rs 780. Bongaigaon Refineries (Rs 62.3): The price has had a sudden spurt last week along with the rest of the companies in the oil sector. This rally can fizzle out around Rs 65. Buy on a close above Rs 68. The price can then rise to Rs 82 - Rs 85 levels. What is the future of Gujarat NRE Coke? Gujarat NRE Coke (Rs. 65.7): This stock has been in a downtrend since hitting a high of Rs 170 in September 2005. The price has taken support at its long-term average at Rs 50. Falling volumes have accompanied the fall in price, which is not a good sign. Price can rally to Rs 75 and beyond that to Rs 95 in the next one year. Hold with a stop at Rs 45. What are the short and medium term prospects of Hexaware Technologies purchased at Rs 119? Hexaware Technologies (Rs 163): The long-term structural bull signal is still intact in Hexaware. The price is heading towards its 2006 peak of Rs 177. The target beyond Rs 177 falls at Rs 194. Hold the stock with a stop at Rs 140 if you are a long-term investor. If you invest for a short term, then book profit now and go long again once the price crosses Rs 180. What is your outlook on Areva T&D? Areva T&D (Rs 693.2): The price has rallied strongly since the low of Rs 389 hit on 15th June 2006. The price is currently halting at exactly 61.8 per cent retracement of the fall from its March 2006 highs. The Rs 750 level needs to be convincingly crossed for the price to make a new all-time high. Hold with a stop at Rs 600 if you are a short-term investor. Keep a stop at Rs 450 if you are a long-term investor. Kindly let me know the prospects of Shri Dinesh Mills purchased at Rs 850 and Winsom textiles purchased at Rs 25. Shri Dinesh Mills (Rs 928.4): This stock has long-term support at Rs 640. If you are a long-term investor, then you can hold with a stop at Rs 620. Price can rally to Rs 980 - 1,000 levels in the short term. This level needs to be crossed strongly for the price to proceed towards Rs 1,100 or Rs 1,200. Winsome Textiles (Rs 33.5): Hold with a stop at Rs 30. Next resistance level for the price falls at Rs 38 and then Rs 40. Please advice on the outlook of REI Agro. REI Agro (Rs 120.4): The stock is showing good momentum since the low of Rs 58 formed on 13th June. The price can rise to the Rs 150 to Rs 160 zone in the next few months. Exit at these levels if the price has difficulty crossing this zone. Till then, hold with a stop at Rs 90. I have 500 shares of Kotak Bank at Rs 289. Please advice me on this scrip. I am a long-term investor? Kotak Bank (Rs 332.9): The long term up trend is still intact in this chart. The price has been moving up strongly since the low of Rs 210 formed on 9th June. The immediate resistance for the price is at Rs 328 where the price has halted now. Since you are a long-term investor, keep a stop at Rs 240 and try to exit close to Rs 400. What is the short term and medium term outlook of ITC? ITC (Rs 180): The intermediate term outlook for ITC is positive. The intermediate term low formed at Rs 140 on 9th June is also a long-term support for this stock. The price has the potential to rise to Rs 209 or Rs 239 in the next 3 to 6 months. The short-term outlook is neutral as the price is consolidating sideways between Rs 165 and Rs 185. Hold the stock with a stop at Rs 158. I hold 4,000 shares of Aftek Infosys at Rs 70 per share. I find that Aftek is forming an ascending triangle and if it goes above Rs 62 then it can give a target of Rs 72. Could you please give your view for the short term as also for 1-year horizon? Aftek Infosys (Rs 63.8): Ascending triangle patterns are bullish continuation patterns that normally have relevance only in an up trend. They do not occur as reversal patterns. The volume action too does not conform to this pattern. The price has immediate resistance at Rs 65. Breakout beyond Rs 65 can take the price to Rs 85 levels. Hold with a stop at Rs 54 if you are a short-term investor. Over a one-year horizon, the price can rise to Rs 85 and beyond that to Rs 112. I have Pricol and BEML in my portfolio. What do you think are their prospects? Will they ever regain their earlier glory? It is always seen that, towards the end of a bull phase, stocks rise much beyond their intrinsic values. It is mainly due to paucity of supply. Stocks that run up beyond their true valuation, take many years to attain the peaks they hit at market tops. You can hold on to the stocks if you believe in their fundamentals. If not, then switch to some other stock. Pricol (Rs 40.7): The price of Pricol has been rallying since the mid-July low of Rs 30. But the price has already hit its short-term resistance at Rs 42. Target beyond Rs 42 is at Rs 48. You can exit at these levels if price has trouble rising over Rs 42. Long-term investors can hold with a stop at Rs 27. BEML (Rs 943.8): The slide in BEML has halted at the long-term support of Rs 720. Price can consolidate between Rs 750 and Rs 1,050 for a few months before a breakout happens. Hold with a stop at Rs 700. You can buy more in case of a dip to Rs 750 levels with the same stop loss. How does Dhampur Sugar look? Dhampur Sugar (Rs 108.3): The chart of Dhampur Sugar is in a vicious down trend since the top of Rs 272 hit in March 2006. The price has not been able to make the best of the rally witnessed in June and July, 06. A close above Rs 130 is required before fresh positions can be contemplated. Investors can hold this stock with a stop at Rs 80. Please advise regarding the medium and long-term prospects of Essar Oil? Essar Oil (Rs 48.6): The price of Essar Oil is showing good momentum for the short term. The price has the short-term target of Rs 52. Exit there if you are a short-term investor. Long-term investor can hold with a stop at Rs 35. Long-term targets are Rs 56 and then Rs 62. I have 200 shares of Hotel Leela Venture at Rs 255 per share and 200 shares of Dwarikesh Sugar at Rs 133 per share. What is the outlook of these stocks? Dwarikesh Sugar (Rs 131.5):The price is consolidating between Rs 140 and Rs 98 since June 2006. A breakout above Rs 150 is required to propel the price to Rs 180 levels. Hold with a stop at Rs 110. Hotel Leela Venture (Rs 289.0): The price is moving up strongly in the short term. The immediate resistance for the price is at between Rs 310 and Rs 325. Target over the next one year is Rs 365. Since you seem to be a long-term investor, hold the stock with a stop at Rs 200. You can accumulate this stock if the price dips to the Rs 200 to Rs 250 zone. I am holding 100 shares of NTPC, which I bought at Rs 142 per share. I would like to know the target of this company and in what time frame can I expect some gains from this stock? NTPC (Rs 124.8): The stock has a high correlation with the Sensex. The recovery since June 06 has already retraced 61.8per cent of the fall from the high of May 06.

Investment Advice: Questions and Answers on YOUR Stocks - 21st August to 27th August

Investor — 2006-08-20T11:51:25-07:00

Container Corporation: BUY

Investor — 2006-08-20T03:45:22-07:00

We resume coverage on the Container Corporation (Concor) stock with a buy recommendation. Though the stock has gained 80 per cent since our previous `buy' in May last, we note that returns have come on the back of strong growth in earnings. We continue to position Concor as one of the superior logistics players in the country, with improving prospects as investments find their way into bolstering India's port infrastructure. At the current price of about Rs 1,600, the stock trades at about 15 times its expected per-share earnings for FY07, which, in our view, is not demanding. In spite of a rather steep increase in rail haulage charges, Concor's margins have remained steady and have even shown a marginal upward bias in the latest quarter ended June 2006. This clearly underscores its ability to pass on price increases to end customers and is also indicative of the robustness of the demand environment. Export-import trends, which can be reckoned as a proxy for Concor's prospects, are exhibiting strength; for July India's non-oil imports and exports have recorded high double-digit growth. This should rub-off positively on Concor's exim division, which contributes about 80 per cent to revenues. In the near term, we do not perceive a threat from the entry of other private players into this business. What works in Concor's advantage is its wagon strength (at about 8,000 with aggressive additions planned this fiscal) and its network of depots and freight stations that dot the country's landscape. Replicating such infrastructure would be an enormous challenge, with spiralling real estate prices likely to impede land acquisitions for setting up depots. Concor's strong balance sheet also permits it to embark on expansion plans without having to raise debt or augment equity. Downside risks to our recommendation would include a slowdown in the growth rate of trade and if tax incentives associated with infrastructure-related investments are interpreted in a manner that is adverse to Concor.

RE:what about prakash indus.

chetanssr — 2006-08-18T21:41:51-07:00

BUY Calls Forum i had purchasr parkash indust at 58/- current rate 40/- i should hold it or sale out

Technical BUY Recommendations by Dalal Street

Investor — 2006-08-18T09:01:35-07:00

Rei Agro : Buy Rs 118.70

REI Agro bottomed out by posting an intra-day low of Rs 109.15 on 30th March 2005, moved sideways for a few trading sessions while continuous support came in the form of 112 level (support area) and continuous resistance came in the form of the 55 Day EMA. The scrip finally posted an intra-day low of Rs 113 on 3rd May 2005 and these levels have not been seen since. REI Agro commenced an intermediate uptrend from here (there was not enough clarity on the long term front) struggled but overcame the 55 Day EMA, posted a series of progressively higher tops and bottoms, started moving within the confines of an upward sloping channel, almost gave a throwover from this channel and finally peaked at an intra-day high of Rs 212 on 13th September 2005. The scrip almost gave a downward key reversal from here, couldn't sustain these levels for long, entered a corrective phase, declined to post an intra-day low of Rs 167.10 on 22nd September 2005, rebounded smartly from here, posted a good but unsustainable rally to post a high of Rs 218.90 on 7th November 2005 only for the scrip to enter a sharp correction. Currently REI Agro seems to have entered a short term uptrend, is looking set to post a higher top, higher bottom formation and the oscillators look positive indicating the possibility of a further upside from here.

Trading Pointers

Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy

Support: 116, 099
Resistance: 138, 160

Targets: 1st Target: 151 2nd Target: 158
BSE Code: 532106

Stoploss: 108.00 (cls)
55 Day EMA: 105.35

KEI Industries : Buy Rs 305.10

KEI Industries bottomed out by posting an intra-day low of Rs 160 on 22nd September 2005, moved sideways for a few trading sessions, while continuous support came in the form of the 164 level (support level - refer to chart) and resistance came in the form of the 55 Day EMA. The scrip finally posted an intra-day low of Rs 159 on 20th October 2005 and these levels have not been seen since. KEI Industries commenced an intermediate uptrend from here (but this time around there was a distinct amount of clarity on the long term front), struggled but eventually took support on the 55 Day EMA, posted a series of progressively higher tops and bottoms, started moving within the confines of an upward sloping channel, almost gave a throwover from this channel and finally peaked at an intra-day high of Rs 332.55 on 13th February 2006. The scrip almost gave a downward key reversal from here, couldn't sustain these levels for long, entered a corrective phase, declined to post an intra-day low of Rs 267 on 8th March 2006, rebounded smartly from here, posted a smart but unsustainable rally to post a high of Rs 529 on 12th April 2006 only for the scrip to enter a sharp correction. Currently KEI Industries is on the verge of exhausting its protracted downward movement, is looking set to post a rally from a deeply oversold situation and the oscillators look positive indicating the possibility of a further upside from here.

Trading Pointers

Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy

Support: 301, 247
Resistance: 349, 394

Targets: 1st Target: 366 2nd Target: 371
BSE Code: 517569

Stoploss: 302.00 (cls)
55 Day EMA: 282.25

Recommendations by Dalal Street

Investor — 2006-08-18T08:59:22-07:00

Recommendation:

SKF India Face Value - Rs 10 Buy Rs 301

Ticker: 500472 Equity: Rs 52.73 crore H/L: Rs 375.80/208

SKF India a part of SKF GROUP, which is a leading global supplier of rollings, bearings and seals, has reported 79 per cent growth in its top line to Rs 624 crore as compared to Rs 348 crore reported in the previous corresponding period. While its bottom line soared almost 34 per cent to Rs 45 crore as against Rs 34 crore during the same period. The company has a consistent record in terms of net profit growth since over five years and we don't see any major reason why it should not continue with this encouraging trend given the healthy business momentum
Its parent company SKF, wants to make India a primary hub to manufacture various types of ball bearings, roller bearings and customized products that demand manual craft. SKF plans to achieve this in 3-5 years. Driven by lower costs, other global engineering firms such as ABB and Siemens are also turning their Indian units into key manufacturing hubs. India is one of the focus areas for SKF
Its exports at 8 per cent are likely to reach 20 per cent in next couple of years. Further the company has just completed its Rs100 crore expansion by increasing the capacities by 50 per cent of both its plants : Bangalore (75 million) and Pune (10 million). This expansion would fuel its growth going forward for the next few years and hence we feel it's a safe bet. Further it is a consistent dividend paying company with fairly high exposure to institutional investors

Elecon Engineering Face Value - Rs 10 Buy Rs 1125

Ticker: 505700 Equity: Rs 6.13 crore H/L: Rs 1439/451

A Gujarat based engineering company with the focus on manufacturing of material handling equipment, has witnessed incessant growth in topline as well as bottomline in the last six quarters. In Q1FY07 the company witnessed 33.78 per cent and 78.21 per cent growth in sales and net profit stood at Rs 94.57 crore and Rs 5.4 crore respectively
The company has strong order book position with total unexecuted orders of Rs 626 crore (at the end of May06) that is 1.4 times of FY06 sales. The company has received orders from BHEL, Tecpro System, etc. The rising demand of hi-tech material handling equipment from core sectors like cement, steel, mining, power generation etc is expected to bring in more orders in near future
The company is expected to acquire the industrial gear division of Germany-based engine components maker Renk AG and thus would strengthen its global presence. Renk AG is USD 375 mn company and has presence across the globe. Elecon is a licensee of Renk in India and supplies gears and related technologies in India
The counter has been at the radar of institutional investors and Mutual funds like Credit Suisse, ABN Amro, Reliance Capital, HDFC, UTI, SBI Mutual Fund, Prudential ICICI, etc. The company has declared subdivision of shares of face value Rs 10 each into Rs 2 each. This move is expected to bring in more volumes on this counter

Shriram Transport Face Value - Rs 10 Buy Rs 99.30

Ticker: 511218 Equity: Rs 150.56 crore H/L: Rs 152.40/75

Shriram Transport Finance Corporation (STFCL) is the leader in the highly profitable pre-owned commercial vehicle financing business. STFL dominates the field with its strong network of 250 branches in semi-urban/rural areas, and relationships with more than 0.25 million truck operators. By means of business consolidation through merger of three operating companies and capitalisation through recent equity infusion, we expect STFCL to generate good business going forward
The major reason for recommending this stock is, even after the application of new securitisation norms, Shriram Transport Finance Corporation (STFCL) has posted strong results for FY06. The topline being Rs 840.38 crore and net profit of Rs 121.22 crore against Rs 344.22 crore and Rs 49.32 crore in FY05. The securitisation policy unchanged, the company's profit would have been higher by Rs 24 crore. For Q1FY07 the Company has posted a topline of Rs 263.89 crore and PAT of Rs 34.88 croreIn addition the Company's dividend yield stands at a high of 3 per cent, with a consistent dividend payment history of six years. The company is also one of the few companies showing a consistent growth in the topline as well as the bottomline since7 years
Even though the company's net interest margins are expected to decline gradually, due to the falling yields in the face of increasing competition, STFCL is expected to maintain an average RoA of 2.6 per cent and RoE of 21.2 per cent over FY06-08. The NIM is expected to be in the range of 8.5-9.0 per cent as compared to current NIM of 10 per cent, which would be more than adequate to compensate for the high operating cost and lofty credit cost

source: Dalal Street

Capita Telepholio BUY Recommendation for Short Term

Capita — 2006-08-18T08:49:38-07:00

BUY      : Lanxess ABS at Rs 141
BSE Code : 506222
NSE Symbol: LANABS
Market Lot: 1

A 51% subsidiary of Lanxess, Germany is a dominant supplier of engineering plastics to automobiles, consumer durables, computers and telecommunication equipment manufacturers. Continuous expansion of capacities at low project costs to meet fast growing demand from existing and new users will sustain its growth in future.

Actual adjusted EPS for December 2004   : Rs 13
Actual adjusted EPS for December 2005   : Rs 9.3
Projected adjusted EPS for December 2006 : Rs 14.6

Buy call on Ashok Leyland

ahad — 2006-08-17T20:32:28-07:00

Ashok Leyland has broken a major resistance at 38 and is now ruling at 40.
Target @ 53

Two Short Term BUY Calls for 15% to 25% appreciation

PYT — 2006-08-17T07:50:31-07:00

Buy Siemens with a stoploss of Rs 1000 for a target of Rs 1224
Buy Siemens with a stoploss of Rs 1000 for a target of Rs 1224. Try to buy on a gap down opening of the market.

Buy BHEL with a stoploss of Rs 2200 for a target of Rs 2450
Buy BHEL with a stoploss of Rs 2200 for a target of Rs 2450. Try to buy on a gap down opening of market.

Short Term BUY Calls for next 15 days to 3 months

Investor — 2006-08-17T07:40:37-07:00

BHARAT FORGE ( Rs.337 ) : The stock has broken out of a bullish pattern and closed on a strong note. The oscillators have also supported this breakout. Buy above Rs.338.50 with a stop loss of Rs.329 for a target price of Rs.354 and Rs.362.

TISCO ( Rs.519) : The stock has displayed weakness as the 14 day RSI reversed exactly from the 60 level. Sell below Rs.516 with a stop loss of Rs.527.50 for a target price of Rs.507 and Rs.498.

VOLTAS
Present Price - Rs.851
Projected Price - Rs.960

Voltas has established itself as a globally competitive engineering projects company and has been able to come out of the shadow of consumer durables. The company's engineering business is now benefiting from the up tick in the domestic economy as well as a construction boom in the Middle East. Its Electro-Mechanical Projects & Services (EMPS) segment derives business from the domestic as well as international markets. We continue to remain positive on this division despite the subdued first quarter, as some large-value international projects are in their initial phase of execution, revenue for which will be booked in the last two quarters of the current year. We expect the company to report an EPS of over Rs.42 for FY07. On the technical front, the stock is displaying a bullish outlook it has crossed a major resistance level and the 14 day RSI has given a fresh buy signal.

Capita Telepholio BUY Recommendation for Short Term

Capita — 2006-08-17T07:31:47-07:00

BUY: JK Lakshmi Cement at Rs 140
BSE Code: 500380
NSE Symbo : JKLAKSHMI
Market Lot: 1

Having completed restructuring, JK Lakshmi Cement is now focused on growth through cost reductions and capacity expansions in a favourable
industry scenario.

All the following EPS are on fully diluted equity.

Actual EPS for March 2005 : Rs 3.9
Actual adjusted EPS for March 2006 : Rs 8.9
Projected EPS for March 2007 : Rs 20.6

Short Term BUY Calls for next 15 days to 3 months

Investor — 2006-08-16T02:31:52-07:00

TATA MOTORS ( Rs.803.45 ) : The stock has closed above the Rs.800 mark after a very long time and during this process it has also broken out of a bullish pattern. The 14 day RSI has also given a fresh buy signal. Buy above Rs.807 with a stop loss of Rs.796 for a target price of Rs.819 and Rs.828.

INDIA CEMENT ( Rs.195.45) : Cement sector stocks performed extremely well in the last week and the chart structure of India Cement displays a lot of bullishness. Buy above Rs.197 with a stop loss of Rs.191.75 for a target price of Rs.205 and Rs.212.

PRITHVI INFROMATION: Present Price - Rs.281 ; Projected Price - Rs.310

Prithvi Information provides business solutions in four different segments - Technology Outsourcing, Network Solutions, Business Intelligence and Product Development Solutions. Solutions provided include turnkey projects, IPR development and knowledge process outsourcing (KPO). The company provides services in the BFSI, Technology, Healthcare, Manufacturing, Telecom and Government domains. Prithvi has a development center in Hyderabad, with a seating capacity of 1,500, which serves as an offshore facility. The company is moving business from existing clients to the offshore center in a bid to reduce the high onsite composition of revenue. On the
technical front, the stock has given buy signal and it has a potential to move upto a minimum level of Rs.310. Long term holders can expect higher targets.

Five Short Term investment calls and Two Day Trading Calls for Today

Investor — 2006-08-15T21:26:18-07:00

Buy Inox Leisure below Rs 149 with a stop loss of Rs 144; This is a day-trading recommendation

Buy SRF below Rs 240 with a stop loss of Rs 234; This is a day-trading recommendation

Buy Hindustan Lever (Rs 227.20) with a stop loss below Rs 222.50 for a target of Rs 246

Buy Hindustan Zinc (Rs 572.85) with a stop loss below Rs 555 for a target of Rs 628

Buy ICSA India with a stoploss of Rs 675, for a short term target of Rs 900

Buy Lok Housing with a stoploss of Rs 188, for a target of Rs 290

Buy Patel Engg with a stoploss of Rs 300, for a target of Rs 395

RE: Investment Advice: Questions and Answers on YOUR Stocks - 14th August 2006

Boobal — 2006-08-13T22:48:44-07:00

Investment Advice: Questions and Answers on YOUR Stocks - 14th August 2006

Investor — 2006-08-13T06:58:00-07:00

What is the outlook for GNFC and IVRCL?

GNFC (Rs 99.7): The stock has been moving in a range between Rs 80 and Rs 100 since mid-June. A breakout beyond Rs 100 is required to take the price to Rs 109 levels.

Exit the stock between Rs 108 and Rs 110 if the price has difficulty crossing above this level. Till then hold with a stop-loss at Rs 85.

IVRCL Infrastructure (Rs 225.1): The price made a recent low at Rs 164 on July 24 and is showing good momentum since then. It is also above its long-term averages, which is a good sign.

Hold the stock with a stop-loss at Rs 180. The price has the potential to test Rs 240 and then Rs 265 in the next few months, where you can exit.

Kindly express your opinion on Polyplex and Novartis bought at Rs 127 and s 424 respectively. Polyplex (Rs 104.5): The chart of Polyplex is looking extremely weak along all time frames. It is also below its long-term supports.

Exit the stock if you get a rally to near your purchase price and shift to another stock. Till then hold with a stop-loss at Rs 85.

Novartis (Rs 422): The price has long-term support at Rs 400 levels. Significant down fall from these levels is not foreseen.

In fact this might be a good idea to accumulate this stock between Rs 380 and Rs 450 with a two-three years perspective with a stop-loss at Rs 350.

Please tell me the trend of Birla Power and Patel Engineering allotted during FPO.

What are the prospects of Patel Engineering bought at 440? Ravisankar

Patel Engineering (Rs 323): The price rose steeply from a low of Rs 220 in October 2005 to a high of Rs 635 on May 12. This entire rise has now been corrected and the price is taking support at Rs 200 once more. Hold the stock with a stop-loss at Rs 180.

Price can rally to the zone between Rs 360 to Rs 380, where price can face some resistance. This level needs to be crossed if the price has to rise to Rs 430 or Rs 480.

Birla Power (Rs 24.50): This chart has been in a downtrend since July 2005. Any spike in prices is likely to meet with fresh supplies.

It is best to exit this stock if there is a rally to Rs 30. Till then hold with a stop-loss at Rs 17.

I had purchased 150 shares of Reliance Energy at Rs 804 a year ago. Please let me know what to do?

Reliance Energy (Rs 474): The chart is in an intermediate term up trend since the low of Rs 362 formed on June 8.

Price faces immediate resistance at Rs 480 and then from Rs 520. These levels need to be surpassed if the price has to rally to your cost price.

Since you seem to be a long-term investor, you can hold the stock with a stop-loss at Rs 350.

What is the outlook for Adani Exports purchased Rs 190 & India Cements purchased Rs 211.

Adani Exports (Rs 133): The price broke out on Thursday and moved up.

Immediate resistance is at Rs 148 levels and then at Rs 162.

You can exit part of your holding if price reverses from these levels.

Stop-loss for long-term investors can be at Rs 95.

India Cements (Rs 188): The chart is in a strong intermediate term up trend since the low of Rs 103 hit on June 14.

The momentum on the stock is good and it has the potential to rally to its May 2006 high of Rs 240 again.

Hold the stock with a stop-loss at Rs 155 if you are a short-term investor.

If you are a long-term investor, then the stop-loss can be at Rs 135.

I have 100 shares of Gujarat Flurochemicals Ltd at Rs 580. What is the future prospect of this company?

Gujarat Flurochemicals Ltd (Rs 498): The price broke out this week to a high of Rs 515. Immediate upward targets are Rs 560 and then Rs 597.

Exit at Rs 560 if price has difficulty rising above this level. If Rs 560 is crossed strongly, then wait for Rs 597 to exit.

Hold the stock with a stop-loss at Rs 270 if you are a long-term investor.

Please advise whether I should hold Hyderabad Industries bought at Rs 383.

Hyderabad Industries (Rs 318): The price is in a long-term downtrend since the high of Rs 628 hit on August 19, 2005.

Exit if you get a rise to Rs 340. The stop-loss for short-term trading positions ought to be at Rs 260.

Kindly advise if I can remain invested in Reliance Communication bought at Rs 300 and Hindalco bought at Rs 220. Deepak Kumar Chopra

Reliance Communications Ltd (Rs. 279.6): The chart looks strong from a short-term as well as medium-term perspective. There is short-term resistance at Rs 290 levels.

If this level is crossed, short-term targets are Rs 330 and then Rs 350. Keep a stop-loss at Rs 260 if you want to trade for short-term. Medium-term investors can keep a stop-loss at Rs 240.

Hindalco (Rs 165.8): The price is consolidating in the band between Rs 140 and Rs 180 since mid-June.

Short-term resistance for this share exists at Rs 180. This level needs to be crossed if the price has to move to Rs 210. If the stock has difficulty crossing Rs 180, you can exit.

Short -term outlook is neutral while the medium-term outlook is negative.

I want to know the long-term outlook of Sonata Software purchased at Rs 33 and Kajaria Ceramics purchased at Rs 48.40

Kajaria Ceramics (Rs 48.8): The price has performed strongly in July, rising from a low of Rs 40.

The immediate resistance for the price would be at Rs 51 and then at Rs 57.

Since the price is showing good momentum keep a trailing stop-loss of Rs 5 from its most recent peak and ride the rally. Long-term outlook is positive for this chart.

Sonata Software (Rs 31.6): The stock has been showing good momentum since its recent low in June 2006.

The short-term resistance is at Rs 33. Exit the stock here if price is unable to rally above this price.

If price gets past Rs 33, it can rise to Rs 38 or Rs 43.

Should I buy Sesa Goa at current level of Rs 925?

Sesa Goa (Rs 1,000.9): The chart of Sesa Goa is not displaying any signs of strength.

It is best to invest in some other sector that has the momentum. There can however, be a short-term bounce to Rs 1,060 or Rs 1,180 levels.

I am holding Bank of Rajasthan at Rs 55and Zuari Industries at Rs 325 bought before the market correction. Can we expect a breakout to these levels again?

Bank of Rajasthan (Rs 34.8): The price is well below its long-term support. It is moving sideways in the short-term. But any upward move will have problem rising above Rs 38 or Rs 45 over the next few months.

If you are a short-term investor, you can exit at these levels. If you are a long-term investor, hold with a stop-loss at Rs 22.

Zuari Industries (Rs 190.9): The price has lost 63 per cent from its peak of Rs 357 touched in May 2006.

You can exit the stock on any rally to Rs 220 or Rs 250 levels and shift to some other stock.

Based on fundamentals and feed back given by you regarding some stocks, I purchased stocks like Unichem Labs (target price Rs 380), KSB Pumps (target price Rs 720) etc. The price moved up to Rs 330 and Rs 640 respectively and then came down. Under such circumstances, what strategy should be followed? Does long-term upside targets means 12 to 24 months?

The long-term outlook for both Unichem labs (Rs 237.2) and KSB Pumps (Rs 503.7) remains positive.

You can hold Unichem Labs with a stop-loss at Rs 180 and KSB pumps with a stop - loss at Rs 440.

Whenever a stock is bought the expected return should be mentally defined by the investor.

It can be 10, 20 or 30 per cent. When the price reaches the expected return, stop loss should be moved up to the expected return so that even if the price reverses sharply, the investor is assured of a profit.

Another strategy that can be adopted to protect profits is to keep a trailing stop loss of about 5 per cent from the most recent peak. Long term refers to a 12 to 24 month period.

But the expected return and target price should take precedence over the time period for the investment.

If the target is achieved in one week's time, then it is prudent to book profits and exit rather than to wait for the passage of 12 or 24 months.

Credits: Lokeshwarri S.K.

Best time to take risk in stock market

Asif Ahmed Farooqui — 2006-08-13T04:16:08-07:00

Best time to take risk in stock market; 13-08-2006 16:23
One can definitely go buy specially B Group Stock. Technically the market is in medium term broad base rally. You will see a good momentum for next 20 to 30 days. This is a best time to take risk in stock market. Penny stocks will perform well batter than Big Cap stocks. In this period of time concentrate on momentum rather than fundamental.
CMP BSE Sensex 11192.46

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Capita Telepholio recommends a good stock for short term

Capita — 2006-08-12T07:19:12-07:00

BUY : Shree Cement at Rs 941
BSE Code : 500387
NSE Symbol: SHREECEM
Market Lot: 1

Shree Cement is one of the most advantageously located reasonably sized cement company with strong brands and one of the lowest cost of
production. It also has one of the best expansion plans without any equity dilution and being financed by one of the lowest cost of funds.While in FY 07, we expect volume growth of 45% and realisation growth of 20%. The growth in FY 08 will be sustained on the back of volume growth of around 33% and realisation growth of about 7-8%.

Actual adjusted EPS for March 2005 : Rs 29.3
Actual adjusted EPS for March 2006 : Rs 33.9
Projected adjusted EPS for March 2007 : Rs 86.8

(526899) Himalaya International.

Asif Ahmed Farooqui — 2006-08-10T12:44:47-07:00

(526899) Himalaya International. The cheese project, set up at a cost of US 2.5 million is having a capacity to process 1.5 Lakhs Litres of Milk per day. Which is now operational. One should take position in this stock for short term. One can expect good return in next 20-30 days. CMP BSE Rs 18.20

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Will see a new bull run. B Group share will perform

Asif Ahmed Farooqui — 2006-08-10T12:35:23-07:00

The BSE Sensex has cross11000. Will see a new bull run. B Group share will perform better. Hold your selling. One should take long position and hold for a week or longer.

Support for Sensex is 11000

Current Sensex 11149.17

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

Multibagger stock to double your money on Investment! CMP: 59, Target: 110

Investor — 2006-08-10T09:10:57-07:00

Alok Industries

Alok Industries-After the expansion gets operational, at full capacity, Alok will emerge as a leader in the Indian textiles and processing business. We retain our Buy rating on the stock with a price target of Rs 110.

Improved EBIDTA margins

Its EBIDTA margins improved 290 bps as raw material as percentage of sales declined substantially. The EBIDTA rose by 37.1% to Rs.806.2 mn in Q1FY07. The expansion program of the company is well on course and its capacities are being made operational progressively in a phased manner.

Q1FY07 APAT grew by 31%. Alok's PBT saw a 36% growth Y-o-Y from Rs.284.1 mn to Rs.386.3 mn for Q1FY07. The tax provision for the current quarter stood at 30.3% of the PBT (as compared to 27.7% in Q1FY06). Its APAT saw a growth of 31.0% Y-o-Y during Q1FY07. The APAT increased from Rs.205.5 mn in Q1FY06 to Rs.269.2 mn in Q1FY07. The APAT margin increased 65 bps from 6.87% in Q1FY06 to 7.52% in Q1FY07.

Outlook & Valuation

The company has derived benefits from the change in product mix and economies of scale and its ongoing capacity expansions will further help in improving its operating margins. Further the management has given a positive indication that all the expansions of Phase II would be operational by October 2006 (except the Terry Towels facility) and the full effect of the same will be felt from Q3 FY07 onwards. In fact, after the expansion gets operational, at full capacity, Alok will emerge as a leader in the Indian textiles and processing business. The company's presence across the value chain of textiles business will definitely be beneficial and it will become a large integrated textile player enabling it to cater to the requirements of the global retailers and textile importers. Thus the exports would be the major driver of sales growth in the future.

At current market price of Rs.59 the stock discounts at a P/E of 7.4x and 5.5x on estimated earnings of Rs.8.1 per share and Rs.10.9 per share in FY07 and FY08 respectively, which we believe is very attractive. While the equity dilution overhang led to the stock underperforming the markets in past year, with its high revenue growth & the expected improvement in margins from FY07 onwards, we expect the stock to get re-rated. We continue to remain positive on the company's prospects and retain our Buy rating on the stock with a price target of Rs.110 (10.0x FY08E EPS).

Four Short Term and Mid Term BUY Calls for Good Gains

Investor — 2006-08-10T09:04:56-07:00

Buy Tulip IT Services with a stoploss of Rs 225, for a short term target of Rs 252 and for a medium term target of Rs 272

Buy Sterlite Industries with a stoploss of Rs 376, for a short term target of Rs 411 and for a medium term target of Rs 437

Buy Geodesic Info with stop loss of Rs 120 for a target of Rs 190

Buy Birla Corp with stop loss of Rs 257 for a target of Rs 320

Capita Tele BUY Recommendation: TRF at Rs 338

Capita — 2006-08-09T15:13:31-07:00

BUY        : TRF at Rs 338
BSE Code    : 505854
NSE Symbol    : Not listed
Market Lot    : 1

A constituent of the Tata group, TRF is a leading player in material handling equipment and systems required in core sectors. Based on the current order book and expotential growth in investments expected in power, steel, port and coal sectors, the company is set to enter a major and sustained growth phase for the next few years.

Actual EPS for March 2005    : Rs 7.4
Actual EPS for March 2006    : Rs 13.1
Projected EPS for March 2007    : Rs 24.1

Quick gains in short term calls

Investor — 2006-08-07T21:32:05-07:00

IVRCL ( Rs.212.40) : The stock has shown signs of strength and its oscillators have given indications of an upmove in the short term. Buy above Rs.214 with a stop loss of Rs.204 for a target price of Rs.223 and Rs.231.

SRF ( Rs.203) : This stock has seen a lot of accumulation between the levels of Rs.202 and Rs.170 for the past one month. Buy above Rs.204 with a stop loss of Rs.194 for a target price of
Rs.216 and Rs.225.

Short Term BUY and SELL Calls and Day Trading Calls

Investor — 2006-08-07T21:27:41-07:00

Sell Tata Steel above Rs 502 with stop loss of Rs 510; This is a day-trading recommendation

Buy IDFC below Rs 55.75 with stop loss of Rs 55; This is a day-trading recommendation

Buy Sonata Software with stop loss of Rs 27 for a short-term target of Rs 35

Buy Sakhti Sugars with stop loss of Rs 147 for a short term target of Rs 181

Sell Hero Honda (Rs 669.90) with a stop loss above Rs 681 for a target of Rs 635

Buy Lupin Labs (Rs 924.05) with a stop loss below Rs 910 for a target of Rs 960

Somre more Day Trading Calls for You for Today, 7th August

Investor — 2006-08-06T21:22:10-07:00

NIFTY FUT 3171 *****

BUY NIFTY ABOVE 3178 WITH S/L 3167 FOR TARGETS 3221, 3242

SELL NIFTY BELOW 3167 WITH S/L 3178 FOR TARGETS 3128, 3103

RIL 968 *****

BUY THIS STOCK ABOVE 971 WITH S/L 968 FOR TARGETS 982, 985

SELL THIS STOCK BELOW 968 WITH S/L 971 FOR TARGETS 957, 954

RCL 431 *****

BUY THIS STOCK ABOVE 436 WITH S/L 433 FOR TARGETS 443, 448

SELL THIS STOCK BELOW 433 WITH S/L 436 FOR TARGETS 426, 421

SBI 806 *****

BUY THIS STOCK ABOVE 807 WITH S/L 804 FOR TARGETS 818, 821

SELL THIS STOCK BELOW 801 WITH S/L 804 FOR TARGETS 789, 786

SATYAM 758 *****

BUY THIS STOCK ABOVE 758 WITH S/L 755 FOR TARGETS 771, 776

SELL THIS STOCK BELOW 755 WITH S/L 758 FOR TARGETS 742, 737

HINDALCO 160 *****

BUY THIS STOCK ABOVE 161 WITH S/L 159 FOR TARGETS 168, 171

SELL THIS STOCK BELOW 159 WITH S/L 161 FOR TARGETS 151, 148

ITC 168 *****

BUY THIS STOCK ABOVE 168 WITH S/L 166 FOR TARGETS 173, 176

SELL THIS STOCK BELOW 166 WITH S/L 168 FOR TARGETS 162, 159

MTNL 142 *****

BUY THIS STOCK ABOVE 143 WITH S/L 141 FOR TARGETS 148, 151

SELL THIS STOCK BELOW 141 WITH S/L 143 FOR TARGETS 137, 134

RCOM 270 *****

BUY THIS STOCK ABOVE 274 WITH S/L 271 FOR TARGETS 285, 288

SELL THIS STOCK BELOW 271 WITH S/L 274 FOR TARGETS 262, 259

REL 467 *****

BUY THIS STOCK ABOVE 469 WITH S/L 466 FOR TARGETS 482, 487

SELL THIS STOCK BELOW 466 WITH S/L 469 FOR TARGETS 453, 448

VSNL 369 *****

BUY THIS STOCK ABOVE 372 WITH S/L 369 FOR TARGETS 379, 382

SELL THIS STOCK BELOW 369 WITH S/L 372 FOR TARGETS 362, 359

NOTE: IF THE MENTIONED BUY OR SELL LEVELS NOT MET, PLEASE AVOID THAT CALL.

Day Trading Calls for 07th August 2006

Stock Market India — 2006-08-06T21:10:56-07:00

For August 07, 2006

*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE

Day Trader's HIT List

Scrip Name Support1 Support2 Close Resistance1 Resistance2 Action

NIFTY Futures 3090 3145 3169 3185 3250 Go long above R2. Go short below S2.

................................................................................................................................................................................................................

ACC 840 855 862 885 895 Buy with a stop below S2.

Century 380 386 393 410 420 Buy with a stop below S2.

Hindalco 146 156 160 168 175 Buy with a stop below S2.

Infosys 1610 1665 1681 1690 1725 Go long above R2. Go short below S2.

M & M 565 580 585 592 615 Go long above R2. Go short below S2.

Maruti 760 772 784 792 815 Buy above R2.

MTNL 130 138 142 145 155 Go long above R2. Go short below S2.

ONGC 1135 1178 1182 1195 1240 Go long above R2. Go short below S2.

Reliance 945 950 967 977 988 Go short with a stop above R2.

Reliance Capital 405 425 431 435 445 Go long above R2. Go short below S2.

Satyam 725 740 754 775 785 Buy with a stop below S2.

SBI 785 800 808 815 830 Go long above R2. Go short below S2.

TCS 920 940 950 952 975 Go long above R2. Go short below S2.

Tisco 495 505 511 525 530 Buy with a stop below S2.

Tata Motors 740 752 760 785 795 Buy with a stop below S2.

Ranbaxy 375 390 397 402 420 Go long above R2. Go short below S2.

VSNL 345 368 372 377 385 Go long above R2. Go short below S2.

Titan 605 615 623 640 655 Buy with a stop below S2.

Wipro 485 500 507 520 525 Buy with a stop below S2.

RCVL 250 265 269 275 285 Go long above R2. Go short below S2.

Investment Advice: Questions and Answers on YOUR Stocks - 7th August 2006

Investor — 2006-08-06T15:42:41-07:00

What will be the outlook for Gujarat Ambuja Cement in the short term?

Gujarat Ambuja Cement (Rs 106): The stock has made an intermediate-term low at Rs 83 in mid-June. This intermediate-term uptrend will continue, as long as the price stays above Rs 92. Buy on dips with a stop at Rs 90. Target beyond Rs 111 is Rs 128.

Please let me know the prospects of JK Cement and MTNL.

JK Cement (Rs 153): The chart is showing promise since the intermediate-term low formed at Rs 108 in June. The stock has a short-term target of Rs 174. If this level is crossed, a rally to Rs 211 is possible. Buy on dips with a stop at Rs 128.

MTNL (Rs 142): The stock has had a steep fall from its peak of Rs 226 formed in early May to the low of Rs 131 formed on three weeks thereafter.

The price has been moving sideways since then in a descending triangle-like formation, which is a bearish pattern. The price should go above Rs 168 before fresh positions in this counter can be initiated.

Long-term support exists at Rs 110, which should support the price in case of any further fall.

I am holding huge quantities of Himachal Futuristic Communications (HFCL) bought at Rs 32 three years ago and Mangalore Chemicals and Fertiliser bought at Rs 20 in September 2005. I shall be grateful if you could give your opinion on the same.

HFCL (Rs 26.3): The stock has made an intermediate term low at Rs 18. 60 in mid-June. The price has been moving in a band between Rs 22 and Rs 28 for the short term.

There is a possibility of an upward breakout to Rs 31, where exit is recommended. Till then, hold with a stop at Rs 22.

Mangalore Chemicals and Fertilisers (Rs 11.2): The long-term trend is negative since the high of Rs 22 made in August last year.

Long-term support exists at Rs 10. Hold the stock with a stop at Rs 8. Exit on a rally to Rs 13-14 levels.

What is your outlook for Ranbaxy Labs?

Ranbaxy Labs (Rs 397): The stock is in a short-term uptrend though it will face resistance at higher levels. The immediate target is at Rs 400. If Rs 400 is crossed, a rise to Rs 450 is possible.

Short-term traders can keep a stop at Rs 348. Long-term investors need to hold with a stop at Rs 318.

I have bought Prism Cement (Rs 38) & Rain Calcining (Rs 38). Please let me have your view on these companies.

Prism Cement (Rs 29): The stock is in a positive consolidation move like the rest of the cement pack.

There is a high probability of an upward breakout to Rs 34 and then Rs 38. The target beyond Rs 38 is Rs 48. Exit at Rs 38 if the stock encounters difficulty in breaching this level.

Rain Calcining (Rs 33.8): The price reversed sharply upward this week. Continued momentum can take the price to Rs 37 and then to Rs 43.

Hold with a stop at Rs 28.

Please give your views on Shree Cement and Aban Loyd Chiles for the medium and long term.

Shree Cement (Rs 950): The outlook for the medium to long term is positive. But the price can move in a broad sideways range before a decisive upward breakout happens. The price has halted at Rs 978, which is a medium-term resistance.

This level needs to be crossed if the price has to rally to Rs 1,190. Hold for the medium term with a stop at Rs 770.

Aban Loyd Chiles (Rs 999): The price has bounced strongly since its intermediate-term low of Rs 644 formed in mid-June.

Short-term targets are Rs 1,150 and then Rs 1,230. Buy on dips with a stop at Rs 840.

What are the prospects of Noida Toll Bridge?

Noida Toll Bridge (Rs 39.7): The price of Noida Toll Bridge has had a sharp fall from its peak of Rs 65 hit in early May. Any short-term rally in this stock will face resistance at Rs 45 and then at Rs 53. Long-term support for this stock exists at Rs 29. Hold the stock with a stop at Rs 28.

Can we buy Allahabad Bank at the current level from a one-year perspective?

Allahabad Bank (Rs 64.4): The stock is trying to rally from an intermediate-term low formed at Rs 53. The price can head towards Rs 74 and then to Rs 86 over the next one year. There is important resistance at Rs 86. This level needs to be crossed if the price has to head towards its previous high of Rs 108. Long-term support exists at Rs 53. Buy on dips with a stop at Rs 50.

I have purchased Alok Industries at Rs 67. What are the prospects?

Alok Industries (Rs 59.5): The stock has bounced off its long-term support at Rs 55. The support below Rs 55 falls at Rs 44. As you are a long-term investor, hold the stock with a stop at Rs 42. A level of Rs 72 needs to be crossed for the price to proceed towards Rs 90.

I have Welspun India purchased at Rs 96. What are the prospects of the stock? Should I hold?

Welspun India (Rs 73.2): The price has been in a long-term downtrend since the peak of Rs 155 hit in December last. The price can rally to Rs 90 or Rs 106 over the next few months, which could be your exit price. If you are a long-term investor, then hold with a stop at Rs 60.

I bought shares of Mawana Sugars at Rs 127 and Union Bank at Rs 110. What is the medium- and long-term outlook on them?

Mawana Sugar (Rs 67): The stock had an upward breakout this week. Resistance exists at the current price level. If the price moves higher, Rs 86 or Rs 90 can be touched. Hold the stock with a stop at Rs 45.

Union Bank (Rs 101.50): Along with the rest of the banking stocks, this stock, too, has recovered sharply in the last week of July. The short-term target is at Rs 110. Beyond Rs 110, the next target would be Rs 135. Hold with a stop at Rs 88.

I am holding Mahindra Gesco at Rs 525 and Bombay Dyeing at Rs 540. Please advice whether I should hold or sell?

Mahindra Gesco (Rs 521): The stock is moving in a sideways band since June. A rally to Rs 645 or Rs 730 is possible in the next few months where exit is recommended. Till then hold with a stop at Rs 370.

Bombay Dyeing (Rs 540): The price is in a band between Rs 400 and Rs 620. Try to exit at Rs 620 if the stock faces stiff resistance in breaching this level; if this level is taken out convincingly, the next target to look forward to would be Rs 760. Stop loss can be placed at Rs 450.

I have bought shares of Cranes Software at Rs 110. Can I exit or wait for some more time?

Cranes Software (Rs 110): The chart is showing strength since it formed a low of Rs 82 in June. An upward breakout can take the stock to Rs 116 and then to Rs 136. Till then hold with a stop at Rs 94.

I have purchased RPG Transmission at Rs 240 in May. But, the price has come down drastically. Please tell what I should do now.

RPG Transmission (Rs 105): The price has started moving up over the last two weeks. It can go on to Rs 120 or Rs 140 in the short term. Exit at these levels if the price sputters here.

credits: lokeshwari s.k.

Current Price Rs. 153, Year and Half Price Target Rs. 295 - 90% Returns Expected

Investor — 2006-08-06T14:54:48-07:00

JK Cement
CMP: Rs. 153, Price Target: Rs. 295; Market Cap: Rs. 1070 Cr
52 Week High/Low: Rs. 211/109

# JK Cement's Q1FY2007 results are way ahead of our expectations, primarily because of higher-than-expected cement realisations.
# The revenues for the quarter gre# by 39.5% to Rs279.5 crore, driven by a 32% increase in the cement realisations and a 5.7% growth in the cement volumes.
# As the cement realisations improved substantially, JK Cement's operating leverage came into play and consequently its operating profit for the quarter gre# by a huge 163% to Rs65.7 crore.
# The interest for the quarter declined by 37.4% as the company has adjusted interest earned (on the surplus funds from the follow-on public issue) against interest expended. The depreciation for the quarter jumped by 8%.
# The net profit for the quarter gre# by a staggering 547% year on year (yoy) to Rs33 crore.
# JK Cement has acquired a 100% holding of a group company JayKay Cem. This company holds limestone mining rights. The company will no# be implementing a 3-million-tonne greenfield cement plant in Karnataka. The plant will commence operations in December 2008.
# The company is about to commence commercial operations after the 0.5-milliontonne expansion. Further the company is abount to place the orders for a waste heat recovery plant and a captive power plant (CPP). As mentioned earlier JK Cement's Q1FY2007 results are way ahead of our expectations primarily because a higher-than-expected improvement in the cement realisations. In the wake of the narrowing cement demand-supply gap and the rising capacity

Valuation and view
Going forward, the firm cement prices and the volume growth from the recent capacity expansion would drive JK Cement's top line. This coupled with the company's drive to bring down its power cost through the installation of a CPP and a waste heat recovery plant would result in a substantial margin improvement and drive its earnings. We expect JK Cement to register earnings at a compounded annual growth rate (CAGR) of 107% over FY2006-08. At the CMP of Rs153 the stock is discounting its FY2007 earnings by 11.5x and FY2008 earnings by 7.3x. On EV/tonne basis the stock is trading even below the replacement cost, at USD68.5 for FY2007 and at USD57 for FY2008 per tonne of cement. We believe the valuations are attractive as in the next 18 months JK Cement will completely transform itself with 75% captive power arrangement, access to blending material for a higher blended cement ratio, a lot cleaner balance sheet with constant repayment of debt and a strong improvement in its return ratios.

Source: Sharekhan - Cannonball

Technical BUY Calls and Technical View for Short Term

Investor — 2006-08-06T14:06:46-07:00

A.B.B. CMP: Rs.2602.25; Buy between Rs.2450 and Rs.2550; Stoploss: Rs.2400; Target: Rs.2850

TITAN INDUSTRIES CMP: Rs.624.40; Buy between Rs.610 and Rs.620; Stoploss: Rs.600; Target: Rs.660

SATYAM COMPUTERS CMP: Rs.733.55; Buy between Rs.730 and Rs.750; Stoploss: Rs.720; Target: Rs.780

BHARTI AIRTEL CMP: Rs.400.70; Buy between Rs.385 and Rs.395; StoplossRs.375; Target: Rs.425

Nifty and Sensex have exhibited a narrow candlestick. The candlestick formed has a small real body and a slightly longer upper shadow. This candlestick indicates a sideways bias. It also, indicates that there was buying support emerging at lower levels and at the same time there was profit booking at higher levels.

Based on the chart pattern developed to date, the Nifty faces resistance at around 3225-3250 level and the Sensex faces resistance at around 11,050-11080 level. Should the Indices stabilize above these resistance levels, the trend would be developing a distinctive positive bias.

On the support front, the Nifty has support at around 3,100 levels and the Sensex at around 10,600 levels. Technically, breach of these support levels would have bearish implications and may result in a further fall. Hence, one may use these levels as the stop loss level for long positions for the time being. On the average front, the Indices are trading between the 5-week and the 20-week simple moving averages. Technically, a decisive break of either of these levels would indicate the direction of the future move.

source: anandrathi

Capita Telepholio BUY Recommendation

Investor — 2006-08-05T14:43:17-07:00

BUY: Clariant Chemicals (India) at Rs 252
BSE Code : 506390, NSE Symbol: CLNINDIA, Market Lot: 1

A 70% subsidiary of Ebito, Germany, this specialty chemical giant is rightly placed to avail of growing opportunities as it fully realises the synergies of consolidating all group chemical business from dyes and pigments to masterbatches in one entity.

Actual adjusted EPS for March 2006 : Rs 18.4
Projected adjusted EPS for March 2007 : Rs 23.4

RE: Current Price 37, Mid term Price Target 52 - 40% Returns

harish — 2006-08-04T21:35:49-07:00

In the domestic market; the company is seeing better demand; though on lower base of Q1FY07. Chennai and Mumbai state transports
have shown positive response to EURO III versions of vehicles. Q1FY07 loss in passenger vehicle market share was due to lower
proportion of sales booked in this quarter which is expected to get normalize going forward.
On the long term basis the company is deploying de-risking strategies whereby one-third of the sales would accrue from non-cyclical
business such as defence ( target 15% share to sales ); exports ( target 10% sales contribution ); auto engine and spare parts ( target 5% ).
This would provide impetus to top-line in terms of stability.
The company expects the margin to remain stable at last year's level. Also, it is targeting an overall volume growth of 21.5% (around
75000 units in 07 Vs 61650 units sold in 06). At the ruling price, the stock discounts 14.5x FY07E. I think it is Market-Performer

Current Price 37, Mid term Price Target 52 - 40% Returns

Investor — 2006-08-04T09:59:25-07:00

Ashok Leyland Limited

Robust demand for goods vehicles drives revenue growth
ALL's net sales for the quarter increased by 33.9% YoY to Rs 14,238.7 Mn in Q1FY2007 on the back of increased demand in Heavy & Medium goods segment. The company reported an overall volume growth of 28.1% to 17,067 vehicles during the quarter. Increase in infrastructure activity coupled with order by the Supreme Court with regard to overloading of vehicles contributed significantly to the increase in demand for the 40 tonners, tractor trailers and multi axle vehicles. In fact, the company had delayed supply of passenger vehicles in order to meet the demand of goods segment. The company also reported a strong growth in engine segment with sales of around 1,700 engines units during the quarter. The spare parts & kits sale was around Rs 1,000 Mn in comparison to Rs 1,280 in Q1FY2006.
EBITDA Margins remained flat despite rise in raw material cost
EBITDA increased by 33.3% YoY during the quarter to Rs 1186.6 Mn with margins remaining almost flat at 8.3%. Raw material cost as a percentage of sales increased by 255 bps as a result of significant increase in prices of rubber and other input costs. Staff cost increased significantly by 23.4% YoY to Rs 1291.2 Mn as a result of new wage settlement with workers. Other expenses grew slower at just 12.7% YoY to Rs 1315.6 Mn, which ensured that the overall EBIDTA margins remained flat for the quarter. Interest cost stood at Rs 5.2 Mn against an interest income Rs 11.5 Mn in the corresponding quarter in the previous year. Depreciation increased by 10.2% YoY to Rs 327.7 Mn. Other Income increased significantly 314% YoY to Rs 138.8 Mn, which was aided by profit on sale of investments and dividend income, amongst others. PBT increased by 55.6% YoY to Rs 992.5 Mn. APAT increased by 59.8% YoY to Rs 730.2 (after adjusting for the tax outgo of around Rs 900 Mn on account of sale of DCU during Q1FY2006).
Planning to acquire truck business of AVIA of Czech Republic
The company has announced plans to acquire truck business of AVIA of Czech Republic by end of Q2FY2007, subject to the successful completion of the due-diligence process. AVIA currently has a LCV capacity of around 20,000 vehicles per year with sales of around 2,000 vehicles. ALL plans to use AVIA takeover to cater to LCV markets of African, European, and Middle East Markets.
Outlook and Valuation
ALL's future prospects look bright due to improving product mix; overloading curbs put by Supreme Court and increased earning from non-cyclical segments like defense and engines. We estimate net sales for FY2007E and FY2008E to grow by 19.3% & 15.8% to Rs 62,618 Mn & Rs 72480.6 Mn respectively & APAT to register growth of 19.9% & 23.7% to Rs 3,626 Mn & Rs 4,485.7 Mn respectively. At the current price of Rs.37 the stock is available at P/E 11.0x & EV / Cash Profit 6.5x based on FY2008 estimates. We maintain our price target of Rs 52, at which the stock would quote at 15.4x its FY2008E earnings and 9.7x FY2008E EV/Cash Profit.

Buy calls by technical analysts for tomorrow

Stock Market India — 2006-08-02T10:29:42-07:00

Buy Jain Irrigation with a stoploss of Rs 195, for a target of Rs 264
Buy Amara Raja batt with a stoploss of Rs 267, for a target of Rs 350-430

Projected Returns 30% [HOLDING PERIOD - 15 DAYS to 30 DAYS]

Investor — 2006-08-01T16:24:51-07:00

Aban Loyd is the largest offshore oil field service provider having experience in onshore, offshore, deep-waters and production thus covering the entire spectrum of services. It has now grown into a ten-rig company. Owing to an increasing pressure on E&P companies, demand for rigs is soaring. There exists a worldwide supply deficit situation, as it takes two to three years to build new rigs; meanwhile day rates for existing rigs have firmed up significantly. On the technical front, the stock has broken out of a bullish pattern and both the 14 day RSI and StochRSI have given fresh buy signals. Aban Loyd's strong cash generation and its continued appetite for growth both through organic or inorganic routes gives investors strong reasons to buy the stock for medium term investment.

Medium Risk and Medium Return Short Term Investments

Investor — 2006-08-01T16:20:32-07:00

TITAN INDUSTRIES ( Rs. 617.50) : The stock has pierced the falling trendline and the oscillators are suggesting a upmove from the current levels. Buy ONLY ABOVE Rs.621 with a stop loss of Rs.612 for a target price of Rs.636 and Rs.642.

ITC ( Rs.170.50) : The stock has shown signs of revival from the current levels. Buy with a stop loss of Rs.166.50 for a target price of Rs.178 and Rs.182 in the next 15 days.

Aniruddh Sethi's Recommendations for Today

Investor — 2006-07-31T22:19:33-07:00

ACC : Two support exits at 841, 835.... break will create allround panic and stock will slide to kiss 816, 810 level.
ABB : Will slide to kiss 2385, 2367 & there after expect a level of 2311 level.
BOB : Will slide to 217 , 214...... & there after expect allround panic up to 204, 201 level.
BOI : Will slide to 106, 104......... & there after expect a level of 97, 95.
CANARA BANK : Will slide to 191. 50 , break will take stock to 184, 181.
ICICI : The level of 563 is LAXMAN REKHA !!Keep a stop-loss of 563 & go short... more details to our OLC
CENTURY : Crucial support at 382......... if breaks with volume expect slide up to 365, 359 level. (More details to our OLC)
GRASIM : Will slide to 2042 , 2022....... & there after expect slide up to 1960, 1940.

RIL : Crucial support at 971........... If breaks with volumes then expect heavy selling in this stock. Yes will easily slide to kiss 957 , 952 level.
Rel. Capital : below 419. 50, will slide to 412 , 410, 402 level.
SBI : If trades below 806............. expect slide up to 782 , 774 level. (More details to our OLC)
TISCO : If breaks 493. 50 will slide to 483 , 479. 50 level.

Short Term BUY Calls by Tech Analysts

Investor — 2006-07-30T12:19:39-07:00

Buy Tata Tea buy with a stoploss of Rs 750 and target price of Rs 930

Buy Aurobindo Pharma with a stoploss of Rs 588 and target price of Rs 710

Analysis based on technical indicators

Asif Ahmed Farooqu — 2006-07-30T12:08:50-07:00

BSE Sensex taken support at 10,000 level which was told in last week's analysis. This week market expected to touch 11000.

Resistance for Sensex is 11000.
Support for Sensex is 10500.

Posted by Asif Ahmed Farooqui analyst at managefolio. Find this and more on our website www.managefolio.com.

JP Morgan - BUY Recommended on Sesa Goa - Read Complete Report

Investor — 2006-07-30T01:59:53-07:00

JM Morgan Stanely, in a Q1FY07 results update, has maintained its "Overweight" rating on Sesa Goa

In a report released on July 26, the brokerage said: " Sesa Goa registered an 841 bps YoY decline in EBITDA margin to 43.5% (442 bps lower than our expectation). This we believe was prompted by cost pressures on the company mainly in three areas (a) Purchase of ore, which increased by 71.8% YoY (21.5% QoQ) to Rs579 m - this we feel should be compensated for in the coming quarters (b) Transportation costs, which increased by 23.5% YoY (6.4% QoQ) to Rs882 m - this should also recede over the coming quarters as impact of the new rail lines and new railway rakes becomes visible and (c) Staff costs, which increased 36.7% YoY (57.7% QoQ) to Rs175 m. This includes Rs29.5 m for VRS this current quarter.

"We expect continued tightness in iron ore market, which should imply a strong iron pricing environment over the coming two years. This should buttress sentiment on this stock and aid earnings."

Click here for the complete report

IDBI Capital - BUY Recommended on Dr. Reddy's Lab - Read Complete Report

Investor — 2006-07-30T00:36:50-07:00

IDBI Capital, in Q1FY07 results update, has recommended a "Buy" rating on Dr. Reddy's Laboratories.

According to a report released on July 28, the brokerage said: "Q1FY07 revenues was substantially higher than our expectations, revenues up by whooping 151% YoY to Rs.14bn ($306 m). Gross profit margins were below our expectations, at 43% vs 52% in the corresponding previous period. But, strong volume growth and lower R&D expenditure lead a sharp 303% YoY spurt in PAT to Rs.1.4bn ($30 m), compared to our expectation of Rs.1.1bn.

"We have upgraded our FY07E earning estimates by 10%, the current price discounts our FY07E EPS of Rs.60.5 by 22x. We recommend investment at current levels 'Buy'.

Click here for complete report

BUY Calls for Today by Technical Analysts

Investor — 2006-07-27T14:03:45-07:00

Buy ACC with a stoploss of Rs 810, for a short term target of Rs 908

Buy Dr Reddy's Labs with a stoploss of Rs 1326, for a short term target of Rs 1500

Buy Indian Hotels below Rs 1193 with a stoploss at Rs 1127, for target of Rs 1420

Buy Bank of Baroda below Rs 215 with a stoploss at Rs 187, for target of Rs 255

BUY Recommendations for Today by Anirudh Sethi

Investor — 2006-07-26T21:34:55-07:00

INFY : Above 1647..... grab this stock to sell @ 1673 , 1682.
Satyam : Above 735. 50..... 101% stock will kiss 755 , 761 level.
TCS : Two hurdles at 1898 , 1908..... crossover will take to 1940 , 1950 level.
VSNL : Looking hot & fiery !!!Target :382 , 387.

SUN Pharma : If u are short......... have a close eye on 810 , 816. 50. If Today crosses these levels expect rally up to 836 , 842 in hours.
*Now Today.................... Please Don't jump & buy this stock. In first 30 minutes story for this stock will be over & expect ????

BEL : Our Darling stock !!Today above 1047.... grab it. Once crosses 1057.... in minutes only it will kiss 1088 , 1098.............. 99. 99% it will kiss 1128 level in hours only.
*Yesterday too mentioned about ISLAND Reversal !!

ONGC : The level of 1172 is Laxman Rekha !!If u are having Lion's heart then go short with strictstop-loss of Rs. 1172-1180.
*Once crosses and closes above this level............ expect a level of 1267 , 1299 level.
*Long term trend down-down-down !!

Short Term BUY Call Recommendations by Technical Analysts

Investor — 2006-07-26T21:28:44-07:00

Buy ACC with stop loss of Rs 810 for a target of Rs 870

Buy India Cements with stop loss of Rs 170 for a target of Rs 210

Buy Century Textiles with a stop loss of Rs 350, for a short-term target of Rs 401

Buy Ahmednagar Forging with a stop loss of Rs 145, for a short-term target of Rs 184

Buy BHEL (1858.90) with a stop loss below Rs 1842 for a target of Rs 1898

Buy Apollo Hospital (409.75) with a stop loss below Rs 405.75 for a target price of Rs 424.

Short Term BUY Calls from Tech Analysts

Investor — 2006-07-25T20:57:14-07:00

Buy Grasim below Rs 1990 with stop loss of Rs 1900 for a target of Rs 2300

Buy UTI Bank below Rs 300 with stop loss of Rs 278 for a target of Rs 340

Buy Corporation Bank (238.45) with a stop loss below Rs 233 for a target of Rs 249.

Buy Grasim (1990) with a stop loss below Rs 1970 for a target of Rs 2048.

Buy Ahmednagar Forging with a stop loss of Rs 134, for a short-term target of Rs 184

This Week's Quick Technical Picks for Short Term

Karan Karvy — 2006-07-23T03:47:14-07:00

Divis Lab (CMP: 1365.05)

The stock has taken good support around 1280 levels and has been witnessing a continuous rise since the last two trading sessions. The current momentum in the stock is expected to take the stock to its previous high of 1440 levels. The 14-day RSI for the stock has cut the trigger line from below thus generating a buy signal. A sustained close above 1450 levels is likely to take the stock to 1525-1530 levels. On the downside, the stock has good support around 1340 and 1300 levels.

Investors may buy the stock at current levels with a stop loss placed below 1315 levels for short term targets of 1440-1450.

Kesoram (CMP: 246.00)

The stock has found support at the 38.2% retracement levels made from the high of 347 to a low of around 170. However, the stock might remain range bound in the range of 238 to 282 for the next few trading sessions. A move above 282 levels would take the stock to 305 and 320 levels in the medium term. The stock has created a gap between 235 and 240 levels and may find support there. Investors may buy the stock and accumulate incase of any dips till 235 levels, with a stop loss placed below 220 levels.

Targets that can be expected are 280-282 in the short term. The stock has supports placed at 235 and 215 levels while it has resistance placed at 282 and 300 levels.

This Week's Mid Cap Hot Picks: 35% to 120% Appreciation

Investor — 2006-07-23T03:30:39-07:00

Mercator Lines Ltd. (Rs.30) Mercator Lines Ltd. (MLL) is an established player in the marine transportation industry. Mercator's areas of operations are tankers and lighterage. The company is operating with 8 tankers, 5 owned dumb barges and 2 self propelled barges. The company is entering into the lucrative offshore oil services business and has placed orders for offshore rigs. The first rig is expected to join the fleet in Q1FY09.

The company has added 2 dry bulk vessels to its fleet in Q2FY06. The company keeps 60-70% of its assets on long term contract thereby insulating itself from fluctuating freight rate. The recent trends in freight rates during the past few months have been mixed. For FY07, we expect a revenue growth of 4.5% to Rs. 6,498mn and adjusted profit to grow marginally to Rs. 1,811mn on standalone basis.. We expect the stock to be re-rated as the offshore rig services business commands a higher valuation of 15x-20x compared to 4x-7x in the shipping business. The stock is currently quoting at 2.5 times its expected FY07 earnings. We recommend a buy with price target of Rs. 72.

TV Today Network (Rs.76) TV Today Network (TVTN) is Aaj Tak, India Today Group's foray into the audiovisual media. Presently, TVTN runs two 24 hours news & current affairs channels, namely, "Aaj Tak" in Hindi and "Headlines Today" in English. TVTN is turning into a pay channel by the end of current fiscal.

TV Today recently came out with results for Q1 FY07, which was below our expectation. For the quarter, TVTN reported revenue of Rs. 351mn, an increase of only 3% on annualized basis. The main reasons for this lackadaisical performance despite hikes in advertisement rates were due to a decline in inventory utilisation rates as well as the lag effect of increase in advertisement rates. Also employee expense and advertisement & sales promotion expenses have increased. On the positive side, we believe company is undertaking small, but positive steps, to consolidate it position in Hindi News genre and improve its position in the English news genre. We have revised our earnings downward to factor in the increased cost structure and as a result have downgraded our price target. At the CMP of Rs. 76, the stock quotes at 15x FY07E and 13x FY08E earnings per share of Rs. 5.1 and Rs. 6.1. We rate this stock as an Out performer with a Price Target of Rs. 92.

Sun Pharmaceuticals (Rs.756) - Outperformer - Target Rs. 830: Read Details

Mahesh — 2006-07-23T03:27:02-07:00

Sun Pharmaceuticals (Rs.756): Sun Pharmaceuticals Industries Ltd is India's No. 1 brand in cardiology, neurology & psychiatry drugs and is ranked 5th on prescription sales in India. The Company has its brand present in 26 markets worldwide.

Spin off of the R&D Division: Sun Pharma is hiving off its Innovative R & D into a separate company. Existing shareholders are allotted share in the ratio of 1: 1. Sun Pharma will also transfer Rs. 2bn in cash and Rs. 550mn of current assets to the new unit.

First Quarter Result Preview: Profits for the quarter are expected to move up by 12 % to Rs. 1439mn. The company's revenues are expected to grow by 12.4 % to Rs. 4.7bn. Domestic formulations business is expected to grow marginally by 3.4 % to Rs. 2.6bn on account of high base last year. International revenues are expected to grow by 51% on back of strong revenues from Ultracet and introduction of Zonasmide and Metformin ER revenues. However new launches are expected of Ultracet in July 2006.

EBDITA margins are expected to be marginally lower at 30% vis a vis 30.9%, higher R & D expenses and other expenses on account of acquisition of units is more, even after offsetting the company's savings on raw materials and indirect taxes.

Internal Accruals to be utilized for M&A plans: The company has huge cash chest which can be used for acquisitions. The stock is currently quoting at 23.2x FY 2007E (EPS Rs. 31.3) and 18.9x FY 2008E (EPS Rs. 38.3). We rate this stock as an outperfomer with a price target of Rs. 830.

Sell Calls by Experts for Monday

PYT Fan — 2006-07-23T03:18:42-07:00

Sell Maruti Udyog above Rs 711 with stop loss of Rs 740 for a target of Rs 600

Sell Tata Motors above Rs 672 with stop loss of Rs 720 for a target of Rs 600

RE: BUY Calls for Today from Anirudh Sethi - Important

Huzefa — 2006-07-22T00:05:09-07:00

Hi,

Please send me daily buys/sells. I am interested in infosys. On friday it had gone to 1681 levels. Now quoting at 1606 levels. Please suggest if I should short infy at this price.

Regards,

Huzefa

BUY Calls for Today from Anirudh Sethi - Important

Investor — 2006-07-20T21:33:17-07:00

SUN Pharma
Grab Today & Sell on Wednesday
Stock heading towards :Rs. 914+ level
A Virgin Pharma Baby

Buy Today & hold up to 26th July afternoon
Future Traders , Have a close eye on 761....... if trades above this level it will zooom to kiss 785, 792 , 811 in hours only.
*Above levels will come on your screen................ in hours of trading only.
*Buy 10-50-100 lot.... above 761, stop-loss 747 up to Wed & eat unexpected profit.

Crucial Support level for Thirsty
INFY :Support exist at 1587 , 1557 level.
SATYAM : Break below 648....... will take stock to 613 , 601 level.
WIPRO : Support exist at 446 , 438.
TCS : Below 1757 , will slide to 1672 , 1644 in coming days !!
(Pls Don't ignore these levels , break and close below these levels will create HAVOC in these stocks)

RIL : The level of 1005, 1012. 50 are hurdles. Crossover will take to 1035. Stock will slide to kiss 970, 954 level.
SBI : Above 731 , if trades with volumes will take to 747, 751 level.
TISCO : Have a close eye on 488....... crossover with volumes will take to 509, 516 level.
*We expect NP of Rs. 948 crore for Q1
*Yes our OLC had taken + position overnight !!

Rel. Energy : Looking hot !!The level of 442, 447 are hurdles........ crossover will take to 461, 466 level in hours only.
TATA POWER : Above 482 level......... Unexpected buying will start & see a jump of Rs. 35+ in hours only.
SUZLON : Above 976 level............... stock will kiss 1019 , 1033 level in hours only

Short Term BUY Calls and Day Trading Calls

Investor — 2006-07-19T20:43:16-07:00

Buy Infosys Technologies on declines with a stoploss of Rs 1551, for a short term target of Rs 1693.
CMP: Rs.1605.85

Buy Dabur India with a stoploss of Rs 115, for a short term target of Rs 170.
CMP: Rs.134

Buy Kotak Mahindra Bank (Rs 244.80) with stop loss below Rs 241 for a target of Rs 255; This is a day-trading recommendation
CMP: Rs.244.95

Buy ONGC (Rs 1062.90) with a stop loss below Rs 1040 for a target of Rs 1105
CMP: Rs.1062.3

The TOI is creating the largest petition for Mumbai. It will be submitted to the Prime Minister. For each signature, TOI will also contribute a rupee toward welfare of those affected by the recent blasts.

Stock Market India — 2006-07-18T23:34:38-07:00

Mumbai is demanding action. The Times of India is creating the largest petition for Mumbai. It will be submitted to the Prime Minister.

For each signature, TOI will also contribute a rupee toward welfare of those affected by the recent blasts.

If you've had enough, speak up.

And spread the word.

Two Sell Calls by Technical Analyst Ashwani Gujral

Technical Trader — 2006-07-16T14:21:00-07:00

Sell IVRCL with stop loss of Rs 214 for a target of Rs 180.
CMP: Rs.214.95

Sell Tata Motors with stop loss of Rs 760 for a target of Rs 650.
CMP: Rs.739.85

BEWARE FROM PREPAID TATAINDICOM BROADBAND

IWBAK55 — 2006-07-15T10:04:12-07:00

PLEASE PASS THE URGENT MASSAGE TO ALL-" NEVER ASK FOR TATAINDICOM PREPAID BROADBAND SERVICE-THIS THE WORST BROADBAND SERVICE IN THE WORLD"-KEEP DISTANCE FROM IT SERIOUSLY. SHOULD NOT BE CHEATED MORE PEOPLE .IF U ANY HAZITATION ABOUT IT YOU CAN CONTACT AT 09339782588. BEFORE TAKING THE SERVICE FROM THIS CO. , PLEASE ENQUERY FIRST FROM MORE THAN 3/5 SERIOUS HIGH USER & THEN THINK & TAKE FINAL DECISION. -THIS IS ISSUED FOR PUBLIC INTEREST & SAFETY.

This stock has potential to give 50% returns in Mid-Term

Investor — 2006-07-14T23:00:00-07:00

Introduction of new products coupled with volume expansion and backward integration would enable Poly Medicure to grow at CAGR revenue growth of 28% and profit growth of 36% for a two-year perspective. Buy with a price target of Rs 160.

Poly Medicure (Polymed) has proved its mettle by carving out a reputable business in the high quality disposable healthcare product segment. It has a basket of 40 different products. The commissioning of the new automated plant in October 2006 will augment the scalability of the company's revenues. Safety products launch in FY2007 would translate into higher value additions for the company. The company is attractively valued on account of its low PE and high earnings growth.

Poly Medicure has always been an export-oriented company since inception. Exports contribution has been more than 75% to the total revenues (Rs 525 Mn in FY06) and this rate is expected to be maintained despite the company now shifting its focus to domestic segment. Exports are expected to continue to grow at a strong pace with a growth rate of 25-30% YoY. The growth driver for exports would be European, Asian and South American markets. However, the company is also increasing its focus on domestic sales with the onset of the Indian corporate hospital segment. Domestic market is poised to grow at 20-25% YOY to meet the increased demand for quality healthcare products from hospitals, corporate, clinics and private nursing homes.

Polymed has applied for 4-5 US FDA patent last year for safety products. This will enable the company to move into a technological space having definite entry barriers. Due to the technology involved, safety products are expected to generate higher realizations. The approval is expected by end of CY06 or beginning of CY07 and sales is expected to commence thereafter. US markets are expected to contribute Rs 23.6 Mn and Rs 138 Mn in FY 2007 and FY 2008 respectively.

Polymed is focusing on volume growth in its domestic and international markets and not on realizations. Capacities have been increased by 142% during FY03-06 to 121 Mn pieces and now the company is further increasing capacity by 57%, through an automated plant located at Faridabad and another plant located at Haridwar, which would improve capacity by 29 Mn and 40 Mn disposables in October FY06 and FY07 respectively. The company will incur capex to the tune of Rs 120 Mn - Rs 140 Mn in the current financial year. Thus, continuous capacity addition along-with growth in volumes will boost the revenues of the company.

Introduction of new products coupled with volume expansion and backward integration would enable the company to grow at CAGR revenue growth of 28% and profit growth of 36% for a two-year perspective. The US safety products could be a big kicker to the business and will start contributing meaningfully in latter half of FY08. Based on these valuations, the stock enjoys a BUY recommendation on 6.9x FY 2008E (EPS Rs 23.34) with a price target of Rs 160 and CMP of Rs. 113.

source: Ambareesh Baliga, Karvy Stock Broking

PAID Buy Recommendation from Capita Tele

Capita — 2006-07-14T16:27:27-07:00

BUY : Thermax at Rs 254
BSE Code : 500411
NSE Symbol: THERMAX
Market Lot: 1

Thermax is a unique beneficiary of rising oil prices and capex upcycle due to its focus on energy conservation solutions and solutions for generating energy from non-oil and non-conventional fuels.

Actual adjusted EPS for March 2005 : Rs   5.1
Actual adjusted EPS for March 2006 : Rs   10.4
Projected EPS for March 2007 : Rs   14.5

Strong Technical Recommendations with Trading Pointers

Technical Guy — 2006-07-13T21:37:20-07:00

Chettinad Cement

Buy - Rs 411

Chettinad Cement bottomed out by posting an intra-day low of Rs 112 on 23.03.05, moved sideways for a few trading sessions while continuous support came in the form of the 116 level (support area) and continuous resistance came in the form of the 55 Day EMA. The scrip finally posted an intra-day low of Rs 116 on 5.04.05 and these levels have not been seen since. Chettinad Cement commenced an intermediate uptrend from here (there was enough clarity on the long term front), struggled but overcame the 55 Day EMA, posted a series of progressively higher tops and bottoms, started moving within the confines of an upward sloping channel, almost gave a throwover from this channel and finally peaked at an intra-day high of Rs 390 on 13.03.06. The scrip almost gave a downward bar reversal from here, couldn't sustain these levels for long, entered a corrective phase, declined to post an intra-day low of Rs 328.20 on 29.03.06, rebounded smartly from here, posted a fantastic but unsustainable rally to post a fresh all time high of Rs 680 on 2.05.06 only for the scrip to enter a sharp correction. Currently Chettinad Cement is on the verge of exhausting its intermediate downtrend, is looking set to post a higher top, higher bottom formation and with the oscillators looking positive indicating the possibility of a further upside from here.

Trading Pointers

Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy

Support: 401, 333

Resistance: 453, 511

Targets: 1st Target: 460 2nd Target: 468

BSE Code: 590001

Stoploss: 399.00 (cls)

55 Day EMA: 411.24

D.S. Kulkarni

Buy - Rs 245.45

D.S. Kulkarni Developers bottomed out by posting an intra-day low of Rs 75.29 on 19.10.05, moved sideways for a few trading sessions while continuous support came in the form of the 76 level (support level - refer to chart) and resistance came in the form of the 55 Day EMA. The scrip finally posted an intra-day low of Rs 84.07 on 24.11.05 and these levels have not been seen since. D.S. Kulkarni commenced an intermediate uptrend from here (but this time around there was a distinct amount of clarity on the long term front), struggled but eventually took support on the 55 Day EMA, posted a series of progressively higher tops and bottoms, started moving within the confines of an upward sloping channel, almost gave a throwover from this channel and finally peaked at an intra-day high of Rs 331.05 on 13.03.06. The scrip almost gave a downward key reversal from here, couldn't sustain these levels for long, entered a corrective phase, declined to post an intra-day low of Rs 275 on 28.03.06, rebounded smartly from here, posted a fantastic but unsustainable rally to post a fresh all time high of Rs 446 on 3.05.06 only for the scrip to enter a sharp correction. Currently D.S. Kulkarni is on the verge of exhausting its intermediate downtrend, is looking set to post a higher top, higher bottom formation and with the oscillators looking positive indicating the possibility of a further upside from here.

Trading Pointers

Indicators: MACD-Buy RMI-Buy Stochastic-Buy ROC-Buy RSI-Buy

Support: 221, 181

Resistance: 244, 288

Targets: 1st Target: 269 2nd Target: 276

BSE Code: 523890

Stoploss: 216.00 (cls)

55 Day EMA: 244.87

Three Recommendations for Short Term with Fundamental Analysis

Investor — 2006-07-13T21:25:46-07:00

Recommendations

GNFC Face Value - Rs 10 Buy Rs 94.90

Ticker: 500670 Equity: Rs 146.48 crore H/L: Rs 145/79

� GNFC (Gujarat Narmada Valley Fertilizers) - the world's largest single stream fuel oil based ammonia-urea plant, India's largest producer of formic acid, acetic acid and menthol besides being the only producer of glacial acetic acid, has been consistent reporting healthy net profit growth numbers since last three years

� This fertilizer and chemicals company reported 18 per cent topline growth during the last fiscal year ended March 2006 to Rs 2281 crore as against Rs 1936 crore reported in FY05, while its net profits grew by 32 per cent to Rs 295 crore from Rs 224 crore during the same fiscal. Moreover, the management was able to expand its operating and net margins by nearly 100 basis points in FY06 over its corresponding previous year

� The company has got the shareholders approval for amalgamating Narmada Chematur Petrochemicals, which would enhance its existing portfolio in its chemicals segment

� The management too appears quite investor-friendly given the fact that it is a consistent dividend paying company since 1990. For the last fiscal ended March 2006, it paid Rs 4.25 per share, which makes it a good dividend yield counter. Moreover, at current market price of Rs 96, the counter is trading at 5x its FY06 earnings of Rs 20, which appears quite undervalued. Hence, investors can consider investing in this counter for a long-term horizon of not less than 4-6 quarters

Sical Logistic Face Value - Rs 10 Buy Rs 253.45

Ticker: 520086 Equity: Rs 30.19 crore H/L: Rs 575/192

� Consistent double-digit growth in India's exports since last couple of years and higher movement of industrial goods across the country has kept major logistics companies on a roll in terms of growth. India, turning itself into a major outsourcing hub for various products such as hardware, pharma, food processing, auto components, engineering goods, would ensure this double-digit to sustain in longer-term with an upward bias. Sical Logistic is one major company that has benefited from this so-called boom in the logistics business in India and we expect this momentum to continue given the buoyancy in foreign trade

� Recently, the consortium led by Sical Logistics was given a formal letter of intent for executing the Rs 550 crore iron ore terminal project. Sical Logistics and MMTC would together hold 89 per cent of the equity and L&T, the remaining 11 per cent. A couple of months earlier, the company-led consortium had also won a bid to develop rail terminal on BOT basis on a 66-year lease in Nagpur

� Further the management plans to nearly double its fleet strength to expand its road transportation operations for bulk and containerized cargo during the current fiscal year. Sical will add 300 vehicles, including 80 double-axle trucks and tankers, to its existing fleet of 320. This would involve an expenditure of Rs 50 crore. The expansion follows increased business from its major clients such as Caltex, TN Petrochemicals, Pepsi India and Shell India

� For the last fiscal ended March 2006, the company reported a decline of 20 per cent in its topline to Rs 960 as against Rs 1214 crore reported in its previous year, while its net profit after adjusting for extraordinary items increased by 123 per cent to Rs 53 crore as against Rs 24 crore during the same period with a significant improvement in operating as well as net margins

Infotech Enterprises Face Value - Rs 10 Buy Rs 546.15

Ticker: 532175 Equity: Rs 15.22 crore H/L: Rs 695/261

� Given the strong first quarterly numbers posted by Infosys, the probability of IT counters gaining momentum is pretty high in the near future. Having recommended Infosys twice along with TCS in last couple of weeks, we now look into the future prospects into the mid cap IT company Infotech Enterprise. The counter is trading at Rs 534 cum-bonus

� Infotech Enterprises is a leading IT company, which had restructured its various segments into two verticals namely UTG (utilities, telecom, government) largely catering to GIS (Geographical Information System) and EMI (engineering, manufacturing and industrial), which specializes in providing solution to engineering companies. By restructuring its business model, the management was able to focus more on its core competence, which eventually got reflected in its yearly numbers

� Being a leading player in GIS space, the company recently signed a multi-million euro contract with GE Energy to provide geospatial data management services for Swisscom Fixnet of Switzerland. Infotech is now in the forefront of GIS suppliers to telecom industry, having secured over $28 million in contract in last three years. Besides, this the company has also been able to add several clients year on year

� For the last fiscal, the company reported a topline growth of 38 per cent to Rs 214 crore while its net profits grew by 27 per cent to Rs 28 crore. Further, the management has announced a bonus in the ratio of 1:2, i.e. one bonus share for two shares held. The record date is yet to be announced

Light a Candle for Mumbai Victims - For every candle you light, CNN-IBN will donate Re 1 for victims

Stock Market India — 2006-07-13T08:29:04-07:00

Click here - Light a Candle for Mumbai Victims - For every candle you light, CNN-IBN will donate Re 1 for victims

Mumbai came to a shocking standstill on July 11 when serial blasts ripped through its local trains, killing and wounding hundreds. But the city of dreams stood fearless and fighting fit.

Salute Mumbai's never-say-die spirit and Light a Candle for those who succumbed to the blasts or got injured. For every candle you light, CNN-IBN and Channel 7 will donate Re 1 for the relief of the victims.

Regards,

www.stockmarketindia.net

BUY Calls from Technical Analyst with Stop Loss and reasoning

Investor — 2006-07-12T20:21:30-07:00

STERLITE ( Rs.440) : The stock has broken out of a bullish pattern and we expect a sharp upmove in the next two weeks. The 14 day RSI has given a fresh buy signal. Buy above Rs.442 with a stop loss of Rs.429 fro a target price of Rs.458 and Rs.467.

SATYAM ( Rs.751) : This technology major too has given a strong buy signal both in the daily and 30 minute charts.. Buy above Rs.754 with a stop loss of Rs.744 for a target price of Rs.764
and Rs.772.

INDIA CEMENT ( Rs.178.60) : Buying is advised above Rs.181 with a stop loss of Rs.172.75 for a target price of Rs.190 and Rs.194. A positional trade is advised as the fundamental picture is
looking very bright.