Stock Calls

 

 

 Technical Analysis of BHEL,Batilboi and Atlanta Limited

 

 

Central and State Taxes on Petrol and Diesel

 

Grey Market Premium - SKS Microfinance, Bajaj Corp

 

Top Picks for Aug 2010

 

RESULT ANALYSIS: Apollo Tyres 

RESULT ANALYSIS: Nestle India 

 

 

Src: Brameshtech blog, HDFCSEC, DP blog and Smartinvestor

 

Stock and Market Views: DP blog

Dena Bank

 

Daily Market Outlook - Aug 3 2010

 

ICICI Bank, Reliance Power, Reliance Infrastructure, BPCL, Bank of India, ABB, Grasim Industries, Bharat Electronics, Jubilant Foodworks, IOB, DB Corp

 

SKS Microfinance Final Subscription Figures - Allotment Chances

 

Top Buys - Large Cap, Small Cap, Midcaps, Top Sells

 

Praj Industries, Reliance Infrastructure, SAIL, Torrent Pharma, UFlex, Voltamp Transformers

 

Read Full Article

Morning calls

Movement in Nifty = Noise?

  

Technical Picks – Stocks

Recommended Action for Gitanjali Gems is Buy & for Tech Mahindra Futures, Reliance Comm. Futures is ...

02 Aug 2010

Sputtering markets may still go forward

House View

Read Full Article

Morning Calls

Nifty may get strong support at 4800 level

Once again consensus has failed in the market. The 4200 and 4300 put build-up, especially after a buy figure of FIIs in the index options segment, has raised many eyebrows. Shorting was certainly not advisable around 4800, as it was a strong support, but we didn’t recommend buying either. There was a strong wave of negative sentiments in the market, as even from a bounceback to 5100 during end-May didn’t result in a significant fall in implied volatility. Then, we had another 200-point fall and now back to 5100. But this time, IVs have fallen to 23.95%. These changes will certainly divide the participants on where the market is heading. We still belong to the sell on the rise camp. In this bounceback, too, we are not seeing any meaningful formation of long positions or a significant cash-based buying by FIIs. There is still a lot of room in the form of open interest, at least in index futures to form fresh shorts by participants and still it won’t be in the oversold zone. We have seen a lot of selling calls of strike 5100 and 5200, which have not seen any significant unwinding in them. This zone is a strong resistance. So, we won’t suggest any buying in the index now. Though not in the beginning of this series, but now, 4800 is emerging as strong support. As of now, it seems that the market may get stuck into the range of 4800-5200 and we are heading towards a higher side of the range. For next few days, we expect the market to consolidate and in this phase of consolidation, mid-caps and small-caps may outperform major indices. Siddarth Bhamre, Head-Equity Derivatives, Angel Broking

Heard on the Street

Some foreign institutions, in the past few sessions, have been buyers in telecom shares, which have been among the best performers in the week so far. The market buzz is that a US fund, which has stakes in United Spirits and Cox & Kings, bought sizeable chunks of Idea Cellular recently. Idea shares closed at Rs 55.85, up 4.5% on Thursday. Some foreign investors, including the fund managed by a star fund manager of yesteryear — before he was tripped up in a regulatory probe — are speculated to have bought shares of Bharti Airtel recently. On Thursday, the stock rose 1.2% to Rs 273.50. Brokers said many investors are of the view that telecom stocks are unlikely to fall below their lows touched recently. With the buzz of a stake sale in Reliance Communications growing louder, investors are betting that telecom shares will command better valuations hereon. Pvt insurers lap up ONGC ahead of EGoM meet Priavte insurance companies are believed to have mopped up shares of Oil and Natural Gas Corp (ONGC) on Thursday. The stock rose 2.4% to Rs 1,210.75 on Thursday. The buying has come ahead of the meeting of the Empowered Group of Ministers (EGoM) on June 7, when oil price deregulation could be discussed. The market is betting that the government could decide on deregulating oil prices, if not fully. ONGC is believed to have met investors and trade on Thursday, a day after the bulk deal of 39.2 lakh shares. The stock closed at Rs 560.10, down 0.8%, with less than 50,000 shares being traded on both exchanges combined. On Wednesday, GPC Mauritius II LLC, a subsidiary of Greater Pacific Capital Partners, had sold its 4.8% stake in the company to a clutch of institutional buyers. Only GMO Emerging Market Fund’s name (the fund bought 7.8 lakh Torrent shares) showed up in the disclosure on the BSE website. Dealers tracking the stock say the Icy Icy Mutual Fund, Kala Patthar Mutual Fund and the South-based Satyam Shivam ... were the other prominent buyers of the stock. However, since these fund houses bought shares across various schemes, their names did not show up on the buyer’s list. Contributed by Nishanth Vasudevan & Santosh Nair

*****************************************
Mid-term picks | Top 5 picks of the day

HUL plans buyback for boosting stock price

Tech view: Make or break day for markets

TRADING

EMCO

Kalpataru Power

IDFC

Kernex Microsystems

Reliance Industries, ONGC

Ashiana Housing

IVRCL Infrastructure

Tantia Constructions

GSPL Limted

Sterlite Industries

Hotel Leela

Src: ET, DP blog and etc

ET Special: The Inside story of Ambani's truce pact

ET Special: The Inside story of Ambani's truce pact

NEW DELHI: On May 26, an Airbus ACJ 320 with the call sign ‘VT-IAH’ touched down at New Delhi’s Indira Gandhi International Airport from Mumbai. Another flight, a Falcon 2000 that answered to the call sign ‘VT-AAT’, landed two minutes later. The pilots of both the jets informed their billionaire owners that they have landed safely. Outside, the day was just beginning, but the mercury in Delhi had already climbed to 38 degrees. Mukesh Ambani, the owner-passenger from the first plane, walked out of the airport in his characteristic brisk style, his mind preoccupied with the packed schedule for the day. On top of his priority list was a meeting of the Prime Minister’s Council on Trade and Industry. At the airport, Mukesh ran into Angarai Sethuraman, head of corporate affairs at the Anil Dhirubhai Ambani Group (ADAG) and a close aide to Anil Ambani. He was there to receive the owner-passenger of the second jet: Anil Ambani. Suddenly, Sethuraman was face-to-face with his old boss. Mukesh, chairman of India’s largest private sector company, Reliance Industries (RIL), calmly walked up to Sethuraman, shook hands and asked him warmly, “How are you, Sethu?” That small gesture travelled quickly through the political and business circles of the Capital, where the news on Monday that the Ambani brothers have decided to end their six-year-long acrimonious battle and to “collaborate” had been received with surprise bordering on scepticism. Even though the brothers lived and worked in Mumbai, many of their battles were fought in the power corridor of Luyten’s Delhi. The Capital’s decision makers and influencers knew the bitter saga closely. It had divided them, put them in awkward spots, and in many cases, rewarded them handsomely. The fault lines of the battle divided the loyalties of New Delhi, whose importance was understood early and well by the Reliance patriarch, the late Dhirubhai Hirachand Ambani. So the city had to see for itself if there was actually a thaw in hostilities. By warmly greeting a man who had been a key figure in the rival camp’s New Delhi affairs, Mukesh Ambani sent a clear signal—he meant to stick to the agreement in spirit. Exactly a week earlier, on May 19, Kokilaben Ambani, Dhirubhai’s widow and mother of the warring brothers, had returned after a visit to the famous Shiva temple at Kedarnath in the Himalayan foothills. “This has gone too far now. The two of you have to resolve the differences,” Kokilaben is believed to have told younger son Anil, according to insiders who have heard accounts of the conversation. Anil had accompanied her on the pilgrimage along with his sister Deepti Salgaonkar. But Kokilaben had been there before and almost done that. Five years ago, she had stepped in and drew up a settlement between her two sons, who lived in reasonable harmony while her husband was alive, and had a bitter fallout soon after his death. The agreement, dividing the companies Dhirubhai Ambani had assiduously built between his two sons, was signed on June 18, 2005. Six months before that Mukesh Ambani had, during a TV interview, admitted to “ownership issues” that were in the “private domain”. That was the first public admission of disharmony that had been brewing behind the scenes since the death of Dhirubhai.

1|2|3|4|Next >

Anil Ambani may get priority gas if RIL picks equity

********************************************

Heard on the Street: Bulls ‘short’ on Sesa Goa as they see limited upside

Bulls ‘short’ on Sesa Goa as they see limited upside

Shares of Sesa Goa rose sharply on Thursday on the back of short-covering, but traders used this pullback to build short positions on the stock, as they feel the upside is capped. On BSE, the stock gained 3.8% to close at Rs 337.45. According to analysts, the recent rise in iron ore prices will not be sustainable and is expected to decline. A majority of the broking firms have maintained a cautious view on the stock, after it tanked on the back of the fall in global commodity prices. Interestingly, over the past couple of days, an insurance major had been accumulating the stock at various levels.

Funds buy SCI on bonus share issue hope

Investors have been accumulating shares of Shipping Corporation of India (SCI) in large numbers on speculation that the company will announce a bonus share issue at its board meeting on Saturday. The ratio of the bonus issue is not known as yet. According to market sources, a state-owned mutual fund and a mid-sized private bank-promoted fund house have been buying shares of the shipmaker in sizeable quantities over the past one week. Analysts tracking the company say that the government could come up with a divestment plan for SCI shortly. It intends to sell up to a 10% stake in the shipping company. The divestment story seems highly probable as SCI needs about Rs 2,000 crore over the next two years to fund its expansion plan, analysts said. Shares of SCI ended 1% higher at Rs 159 on the BSE on Thursday.

FIs bet on deregulation, lap up oilcos

Of late, some institutional investors have been buying shares of state-owned oil companies such as ONGC and Oil India ahead of the meeting of the Empowered Group on Ministers (EGoM) in the first week of June, when oil price deregulation could be discussed. Investors are betting that the government could arrive at a decision to deregulate oil prices, if not entirely. An institutional broking firm owned by a bank is rumoured to be recommending these shares, though a official there denied this. A broker attributed the resilience in shares of Oil India on Thursday despite fourth-quarter results falling below expectations to such speculation. Some market participants said the recent purchases of these shares by institutional investors are part of their ‘trading bets’.

Contributed by Harish Rao, Shailesh Menon & Nishanth Vasudevan

*******************************************

Persistent Systems

IFCI

NHPC

Tata Tea

Bharat Forge

Redington India

Tata Motors posts FY10 net profit, beats forecast

TRADING DESK



Src: ET, DP blog and etc