Showing posts with label Mornig calls. Show all posts
Showing posts with label Mornig calls. Show all posts

03 August 2010

Morning calls



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 Following are the weekly technical picks recommended by Tanmay G Purohit, an independent techno-fundamental analyst:

> Strides Arcolab

Buy around Rs 440-444 for target of Rs 465 with stop loss of below Rs 435.

Rationale: The stock has given a breakout from 1-month range of Rs 437 to Rs 410. Next move can be 5-7% for this stock higher.

> PTC

Buy near Rs 111-112 for target of Rs 120 and stop loss of below Rs 108.

Rationale:
The stock is in a good up trend and looks to reach above Rs 120 soon. It trades above important moving averages and above Rs 120 more rallies is possible.
> ABB
Sell around Rs 810-815 for target Rs 775 and stop loss of above Rs 825.

Rationale:
The stock has failed to participate in positive trend of market too and now it is slowly breaking down. It looks a sell on rally stock.

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Daily Newsletter - Aug 2 2010

 

Bajaj Corporation better grey market premium than SKS Microfinance

 

 

 

 Src: Brameshtech Blog, Myiris, DP blog etc

15 July 2010

Morning calls

 Revved up for robust growth







 


  
Tata Communications rises on global JV talk
Shares of Tata Communications rose 2.8% to Rs 289.20 on Wednesday in a weak market on speculation the company is close to announcing a joint venture deal with a global telecom player. The market buzz is that the deal is likely to be announced by this weekend. The stock’s rally also fanned a rumour that the path has been paved for Tata Communications to sell its surplus 770- acre land. The “value-unlocking” story of the company’s land has been attributed for any rise in the stock in the past. Brokers said the move can help the company retire debt and also benefit minority shareholders. The stock, which has risen around 5% in the past two days, has largely underperformed the market this year.

29 June 2010

Heard on the Street:

Heard on the Street: Sugar stocks get a booster shot on levy hike


Sugar stocks get a booster shot on levy hike

Some mutual funds, including Star Sign Mutual Fund and market operators, are believed to be buying shares of sugar companies. The news that the government is planning to increase levy sugar prices by 30% for the current September-October season has spurred the buying, according to dealers.

The step will help sugar companies post better profits in this quarter. Balrampur Chini surged close to 10% to finish Rs 86.15, supported by heavy volumes. According to dealers, most of the purchases by mutual funds and operators are for the short-term and they could even offload their positions within a week.

IDFC prices QIP at Rs 168.25 a share

Infrastructure Development Finance Company(IDFC) is learnt to have priced its qualified institutional placement(QIP) at Rs 168.25 apiece. India’s leading infrastructure lender plans to mop up close to $575 million through the issue. It has roped in four bankers including Credit Suisse, Morgan Stanley, CLSA and IDFC-SSKI to manage the share sale. The stock closed at Rs 169.90 on Monday, up 0.95 % over the previous close.

(Contributed by Harish Rao & Reena Zachariah)



Look Beyond the Indices


Most market participants pay too much attention to the gyrations of the Sensex or the Nifty and unnecessary worry about their volatility. There are numerous stocks that have more convincing reasons to buy or sell and these may give you more returns in day then what the indices can give you in a month.

Not those individual investors buy the indices but it does distract them from individual stocks. It is difficult for analysts to change their mind sets quickly and by the time you get to see an affirmations of a move from them, its too late in the day.

Take R.Com for instance. The first fundamental recommendation by a large house has come after a 5 weeks and 53% surge. That does not mean the stock does not have more upside, but it only goes to affirm that investors have to carry their own cross.

A few weeks back, we had spoken about the sugar stocks, as to how they seem to have formed a bottom. Yesterday they have broken out of the range bound pattern and demonstrated enough strength to warrant a buy.

The reason we gave at that time was that the industry is expecting some sops from the Government. While the sops are yet to be announced, the surge in the international prices has lit a fire under the sugar pot.

Expect the Government to impose a duty on white sugar imports and to cut the levy sugar quota from the current 20% to something like 16%. Levy quota was last raised form 10% to 20%. More cane crushing expected this year will ensure a higher power output and the raw material prices could be low, giving some relief to the beleaguered sector.

The US markets were confused yesterday. It now dawned on them that if the G-20 is infact going to cut deficits, then where is the growth going to come from?

We will continue to have data from the US that is bearish and stock specific announcements like GTL Infra will continue to present opportunities. If the Saudi investors are going to put money in the stock at 20-25% premium to the then prevailing price, then what stop you from going for the kill now.

We will have to train ourselves in limiting our greed and taking those small profits that come our way or just watch the indices oscillate up and down, worrying a lot but doing nothing.

The choice is yours.


Disclosure : No holdings or trading positions in stocks mentioned or recommended to clients



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Standing at the threshold!


India Oil Deregulation


Daily News Roundup - June 29 2010


GSFC


Reliance Communication - event update


Technical Report - June 29 2010


Technical Watch - June 29 2010


Daily Market Outlook - June 29 2010


Piramal Healthcare: Clarity emerging

ANALYSIS: RCom - GTL deal



Src: ET and DP blog and Smartinvestor , HDFCSECetc




20 April 2010

Stocks to open higher; RBI move eyed

Stocks to open higher; RBI move eyed

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TCS joins the IT party, posts 47% rise in net

MUMBAI: India’s largest software exporter Tata Consultancy Services (TCS) joined rival Infosys in signalling an improving environment for the country’s $60-billion IT industry, as increased spending from top customers such as Citibank and General Electric boosts profits.

TCS is the second major Indian information technology firm to report strong quarterly results, underscoring optimism about a recovery, after a severe downturn crimped margins and profit growth in 2009. Earlier this month, Infosys made a thumping statement on business recovery by forecasting a 16-18% growth for this financial year, awarded wage hikes of 14% and revealed plans to recruit 30,000 employees.

On Monday, Mumbai-based TCS posted the fastest profit growth in three years by reporting a 47% jump in fourth-quarter profit to Rs 1,931 crore. Revenue rose at a more sluggish pace of 7.9% to Rs 7,377 crore.

“The profit growth looks awesome, makes me want to say IT’s back. The revenue growth, however, doesn’t seem that amazing,” said an analyst with an MNC broking house.

TCS’ profit was boosted by Rs 42 crore of gains due to currency fluctuations while a 3.6% appreciation in the rupee impacted operating profit margins by 1.92%.

“While FY10 has been a challenging year, we have used this time to improve efficiencies and generate better returns by boosting margins. Our cost base has remained constant and we have leveraged this to support higher business growth,” N Chandrasekaran, CEO and MD of TCS, said.

More @ TCS joins the IT party, posts 47% rise in net




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Src: ET and DP blog