27 August 2010

Stock calls

Time to Buy Both 


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Dont See any technicals in Buying Value Stock for Long term..  Nifty trading near @ year high. But RIL, Relinfra Trading near @ year's Low.  So we advise to Buy/Accumulate both above stocks (in step by step average) for Medium/Long term investment.

Risk Derivative Traders Can enter RIL, RELINFRA at current levels. Both Lot sizes are 250 only. Margin may be around Rs 30k-35k/Each Lot. Keep Own SL.








Mahindra and Mahindra made its previous all time high at Rs.600
 
 
Stock switch is meant to result in an overall gain over a period of next 1 to 6
 
 
 
 
 
 
 
 
 
 
 
Src: HDFCSEC, Bramesh blog, Marketcalls.in, ET, DP blog  and etc
 
 
 
 
 
 
 

26 August 2010

Morning calls





Daily Technical Report - Aug 26 2010

 

Daily Market Outlook - Aug 26 2010


Intra-day F&O calls

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FDC soars as Rar(e)ing Bull accumulates stock

Shares of FDC, one of the oldest pharmaceutical companies in India ended firm in a weak market on talk that some astute names on Dalal Street have bought the stock. The stock closed at Rs 91.20, up 7% over the previous trading session, supported by nine times the average trading volumes.

The buzz is that the Rar(e)ing Bull has been accumulating the stock over the past few trading sessions. There are speculations that ‘Reward’ brokerage is also backing the stock. Analysts said at nine times FY11 estimated earnings, the stock is one of the most attractively valued in the pharma sector.

Bharat Petroleum flares up on MF bets

Domestic mutual funds have been accumulating shares of Bharat Petroleum (BPCL) of late. According to analysts, investors are betting on changes in government policies and deregulation of oil prices that may trigger another rally in these shares.

BPCL could also benefit from its gas reserves in Africa, analysts said. ‘Kala Paththar Mutual Fund’ is speculated to be buying BPCL shares on every decline. The stock ended 0.8% lower at Rs 753 on Wednesday.

Bankers eye Shipping Corp’s FPO account

The parade to select bankers to manage Shipping Corporation of India’s (SCI) follow-on public offer (FPO) will be held in New Delhi on Thursday. Buzz on the deal street is that unlike Power Grid which saw almost all the big banks put in their bid to manage the issue, some of the big league table players may just give this one a miss.

The SCI board had early this month given the nod for an FPO and the offer, expected to fetch about Rs 1,300 crore, is likely to comprise a 10% stake sale by the government and a 10% fresh equity offer by the company.

Post offer, the government holding in the company will drop to 64% from the current 80.12%. On Wednesday, the SCI scrip closed 0.58% lower at Rs 161.95 on the BSE. The company needs around $1 billion per annum for the next two-three years to fund its acquisition plans.

(Contributed by Harish Rao, Shailesh Menon & Deeptha Rajkumar) 


Src: Brameshtech blog, ET, DP blog, Myiris and etc

24 August 2010

Morning calls





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Greaves Cotton jumps on price rise hopes


Institutions have been buying Greaves Cotton on reports that demand for cotton would increase after raging floods in Pakistan, a major producer. This, along with the rising number of textile mills in AP, TN and Gujarat, will give a big push to cotton prices.


The biggest benefactor of this windfall will be Greaves Cotton, which is expanding capacity in Aurangabad. The plant will come up with an initial capacity of 70,500 units per annum and will open by end-2011. Shares rose 3% at Rs 396 on the BSE. The stock is believed to be accumulated by the MF arm of a business conglomerate.


Govt subsidy approval buzz lifts BPCL, HPCL


Shares of BPCL & HPCL surged in a flat trading session on Monday on news that the government had approved a subsidy of Rs 14,000 crore to the OMCs to compensate for their revenue losses in FY10. Dealers said MF managers bought these stocks, particularly BPCL, as short-term bets.


BPCL shares closed at a new high of Rs 774.60, up 11% on higher-than-average trading volumes. But the “Big Daddy” of insurers took this opportunity to book profits in both stocks, as it had bought them at significantly lower prices.


Analysts said hopes that crude prices may remain below $75 per barrel due to higher inventory levels in the US and the buzz that the government may increase diesel prices have investors and traders staying optimistic about these stocks.


(Contributed by Shailesh Menon & Harish Rao)

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Src: Brameshtech blog, HDFCSEC, ET and Nooreshtech site.

23 August 2010

Stock calls








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Stock Traders Guide - Aug 23 2010

 

 5 weekly techno-funda positional calls

 

Geodesic

 

Daily Market Outlook - Aug 23 2010

 

Weekly Technical Report - Aug 23 2010

 

Shiv-vani Oil and Gas

 

Allcargo Global

 

Torrent Pharma

 

 Src: DP blog, Brameshtech blog, Myiris

 

 

 

Sizzling Stocks:

Sizzling Stocks: Ranbaxy (Rs 492.6)


Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average on Wednesday and its key medium-term resistance around Rs 480 on Friday. It appears to have resumed its intermediate-term uptrend that has been in place since March 2009 low of Rs 133.
The stock has the potential to prolong its ongoing rally until it encounters resistance at the Rs 520-530 band. As this resistance band is a significant long-term resistance, the stock may face some difficulty in surpassing it in first attempt. On a strong close above Rs 530, the stock can move higher to Rs 570 in the medium-term. Immediate key supports are pegged at Rs 465 and Rs 440. Long-term key support is at Rs 400.

Bhushan Steel (Rs 1,836.5)
The stock zoomed 14 per cent last week, accompanied by good volume. After finding support at Rs 1,260 in early June, the stock recommenced its long-term uptrend. It is hovering well above its 21 and 50-day moving averages and testing intermediate-term resistance in the range between Rs 1,825 and Rs 1,856. Presence of key resistance coupled with the daily relative strength featuring in the overbought territory imply short-term cautiousness. Failure to climb past this resistance will drag the stock lower to immediate support at Rs 1,700 or Rs 1,600 in the short-term. However, a decisive move above Rs 1,856 will lift the stock to Rs 1,900. — Yoganand D.



TECHNICAL ANALYSIS: Index Outlook: Sensex marches with Asian peers
The Sensex continued to befuddle all by reversing higher mid-week to record a new 30-month high despite the continued onslaught of negative economic data from overseas. Foreign institutional investors are touted to be the perpetrators of ...

STOCKS: IL&FS Investment Managers (IIML): Buy
STOCKS: Ambuja Cements: Buy
Ambuja Cements, an all-India cement manufacturer that holds a 10 per cent share of the cement market in India, can be considered for investment at the current market price of ...
STOCKS: ICRA: Buy
Investors with a three-year horizon can be consider accumulating the stock of ICRA, a credit rating agency with a presence in consultancy, advisory, information and IT services. The company may continue to deliver strong earnings growth with ...

IPOS: Gujarat Pipavav Port — IPO: Invest at cut-off
Investors with a three-four-year perspective can subscribe to the initial public offerof Gujarat Pipavav Port (GPPL). The strong parentage of A.P Moller-Maersk group, strategic location and fast growth in volumes, albeit on a low base ...
  


TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 988.1)
RIL marked an intra-week low of Rs 959 and bounced up advancing Rs 9 late in the week. The stock almost declined to our first support level of Rs 957 and leaped up slightly. As the stock failed to move below Rs 957, it has signalled caution, ...

TECHNICAL ANALYSIS: Sizzling Stocks: Ranbaxy (Rs 492.6)
Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average ...

TECHNICAL ANALYSIS: Nifty calendar spread
Index strategy. With current month derivative contracts slated for expiry in the coming week, trading in F&O could be ridden with high risks. While it is best to stay away from trading this week, traders with a penchant for risk can consider ...

TECHNICAL ANALYSIS: How to play Cairn news
Stock strategy. Cairn India: The stock turned volatile recently after Vedanta Resources said it would acquire 51-60 per cent in it for $8.5 billion to $9.6 billion. The indication of Rs 405 a share (which includes a non-compete fee of Rs 50) ... 

TECHNICAL ANALYSIS: Query Corner: IDBI Bank nearing key resistance
I had invested in Raymond at Rs 340 and Monsanto India at Rs 1,440. What is the outlook for these companies for the medium- and long-term? ... 



Src: Businessline

Anil Agarwal set to pip Mukesh Ambani as richest Indian

Anil Agarwal set to pip Mukesh Ambani as richest Indian
 
 
NEW DELHI: The proposed takeover of Cairn Energy's India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani, who has ruled the list for long.

After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy, Anil Agarwal, as head of the promoter family, would command an estimated networth of close to Rs 1,67,000 crore, ahead of Mukesh Ambani at Rs 1,45,275 crore, a comparison of promoter family holding valuations for leading groups reveals.

However, Mukesh-led RIL is a wealthier group than Agarwal's Vedanta, although both are behind the Tatas, whose market capitalisation in terms of listed entities is over Rs 3,70,000 crore.

However, in terms of promoters' wealth, Tata group chief Ratan Tata hardly compares to either Mukesh or Agarwal.

In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India.

Agarwal is now entering oil business through the Cairn India acquisition and his capacity to play to the size could now make competition intense in oil sector.

At the same time, the acquisition would give the Agarwal family double the size of Anil Ambani group (whose promoter wealth currently stands at less than Rs 80,000 crore).

The USD 9.6 billion takeover of Cairn India has already pushed Vedanta group head Anil Agarwal to the second position after Mukesh Ambani in terms of family net worth, measured in terms of value of shares held as promoters in five listed group companies.

Add to this, the value of shares he holds in aluminium major Balco and IPO-bound group firm Sterlite Energy, the promoter family wealth of Anil Agarwal group could rise to nearly Rs 1,66,938 crore.

In comparison, the promoter family wealth of Mukesh Ambani group currently stands at Rs 1,45,276 crore, based on the value of promoter holdings in two listed group firms Reliance Industries and Reliance Industrial Infrastructure.  
 
 
 
 
 
Project stake sale buzz puts BF Utilities on fast track

BF Utilities has been in the thick of action, of late, on talk that the company is selling a stake in its Bengaluru-Mysore expressway project to a private equity investor. The buzz is that the project, which has been stuck due to political hurdles, has been valued at Rs 1,200-1,500 crore.

Late July, the stock was speculated to be accumulated by the Silent Operator and the Rar(e)ing Bull on talk that the Supreme Court ruling on the project was expected in August. The Karnataka government filed an affidavit rejecting the demand of BF’s arm, Nandi Infrastructure Corridor Enterprise (NICE), for an additional land of 776 acres within the Bengaluru municipal limit.

Now, the fresh bit of rumours doing the round is that BF Utilities is in advance talks with Anil Dhirubhai Ambani Group (ADAG) and IDFC PE to sell similar stake in the second-and-third phase of the corridor project. Senior company officials denied any such development.

“We don’t want to comment on market speculation. For the record, we’ve not decided anything on stake sale in the Nandi Corridor project,” said Ashok Kheny, managing director, NICE. Shares of BF Utilities ended 8% higher at Rs 1,087 on the BSE on Friday.

Bilcare rises over 4% as Q1 earnings lift sentiment

Shares of Bilcare rose 4.3% to Rs 536.15 on Friday amid talk the Rar(e)ing Bull and associates are accumulating the stock. Analysts said better-than-expected first quarter earnings have boosted sentiment in the stock.

Broking firm Jaypee Research has maintained its ‘buy’ rating on Bilcare with a target price of Rs 663, post results.

Contributed by Shailesh Menon & Harish Rao
 
Src: ET

19 August 2010

Market and Stock Views






Higher MSCI weightage buzz lifts Tata Motors

Shares of Tata Motors have been among the best performers in the large-cap space, of late, aided by strong first-quarter results. The stock on Wednesday closed at a record high of Rs 1,047.60, up 4.19% over the previous trading session, supported by good trading volumes. The buzz is there will be an increase in the weightage of the stock on the MSCI World Index, which is widely tracked by global fund managers for their investment decisions. Currently, the stock has a weightage of 1.84%, which is expected to be increased to 2.15% by the end of this month. Some of the astute names on Dalal Street and institutional investors have also accumulated the stock in the past few trading sessions.

Bank shares shine as investors load up

Bank shares have been the rage over the past few sessions, as several domestic fund houses, savvy traders and even the treasuries of some banks have been loading up on them. The mutual fund arm of a bank, usually known for its conservative stance, is said to have mopped up nearly three lakh shares of State Bank of India a couple of days ago. The treasury of a bank headquartered in the state referred to as the ‘granary of India’, too, is said to have bought a sizeable chunk of SBI shares earlier this week. Some of the investors with a more conservative view are said to be loading up on Bank Nifty futures. On Wednesday, Bank Nifty hit a 52-week high of 10,931.65, before closing at 10,894.05. Bank Nifty August futures closed at 10915, and were among top-10 most actively-traded derivatives contracts on the NSE.

‘Big Daddy’ bets big on RIL while Street plays safe

Reliance Industries (RIL) has been among the top ‘trading sells’ of several traders, of late, with some even betting on a fall in the stock below Rs 900. But the ‘Big Daddy’ of the domestic insurance industry has taken a contrarian view on the stock. Market sources said that the insurer was a sizeable buyer of the stock on Wednesday. But brokers said that the move is not of any major significance, as the insurer is known for picking up underperforming shares. The stock, which enjoys the highest weightage on the benchmark indices, dropped 0.6% to Rs 964.75 on Wednesday in a firm market. The stock has fallen about 6% so far in August while the Sensex has gained 1% during the period. There have been concerns among investors about the company flooding the market with another round of treasury share sales as part of its attempt to raise money.

Contributed by Harish Rao, Santosh Nair & Nishanth Vasudevan
 
 

 

 Src: ET, DP blog , Brameshtech blog

 

 

  

17 August 2010

Stock calls


Weekly Derivative Futures Roundup for the week ended August 16, 2010
 
 
Stock Note
 
 
Weekly Technical View
 
 
Q1FY11 Result Update
 
 
 
 Src: HDFCSEC, Nooreshtech blog
 
 

Stock Calls


The New Look



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The red upward slopping trendline
 
 

AIA Engineering

 

Simplex Infrastructure, Tata Steel, Polyplex Corporation

 

 

 

Src: HDFCSEC, DP blog, Niftycharts & Patterns blog etc

 

 

15 August 2010

Stock calls

























Src: Brameshtech Blog, Myiris

Sizzling Stocks: TATACOM, RAYMOND




The stock found key long-term support in the band between Rs 230 and Rs 240 in early June 2010 and has been on a short-term uptrend. It surged more than 6 per cent on Monday, this bullish momentum prolonged till the stock ended end the week with a 20 per cent gain. The weekly volume is extra-ordinary. The stock is currently testing significant long-term resistance in the zone between Rs 330 and Rs 340. Strong weekly close above this zone will take the stock ahead to Rs 370 and to Rs 390 in the medium-term.
Inability to surpass the resistance zone in the near-term will drag the stock lower to its immediate support level of Rs 295–300 range. Key support below this level is at Rs 270.

Raymond (Rs 374.9)
Raymond was more enthusiastic by gaining Rs 133 or 55 per cent last week. The volume traded was astonishing. From March 2009 low of Rs 68, the counter has been on an intermediate-term uptrend. With previous week's unusual surge, the stock has breached its key long-term resistance at Rs 350 conclusively. Immediate resistance for the stock is at Rs 400 and Rs 410 band. Both the daily and weekly relative strength indices have entered in to the overbought territory signalling near-term cautiousness. Therefore, a reversal from the current levels can pull the stock down to Rs 350 or to Rs 310 in the medium-term. On the other hand, as long as the stock trades above Rs 280, it has the potential to reach target of Rs 460 and Rs 480 in the long-term. — Yoganand D.



TECHNICAL ANALYSIS: Index Outlook: Heavyweights to the rescue
Odds piled up against the progress of the ongoing rally last week. Slowing economic growth in the US and Europe, domestic first quarter earnings doing likewise and indices nearing critical resistance caused a mid-week wobble in the ...

13 August 2010

Stock calls






Unitech





Src: Bramesh Blog, TOT blog

Heard on the street: Timken, Tata Motors




Delisting buzz sends Timken shares soaring

Shares of Timken India have risen around 29% so far in August on speculation the company may delist after buying back shares from public shareholders. Parent Timken Company holds around 80% in the Indian arm. The rumour doing the rounds is that a prominent Kolkata-based broker is active in the stock, which rose 8.5% to Rs 172.80 on Thursday. But some feel this is unlikely, as this broker is not known to take big bets in themes such as share buybacks.

A broker said the recent rally may have been in anticipation of good results in the June quarter, which was announced on Wednesday. Timken’s net profit rose about 80% to Rs 17.4 crore compared with the same quarter last year.

Smart’ operators seen exiting Tata Motors

SHARES of Tata Motors have been one of the best performers among large caps in the past three sessions, after the company’s earnings exceeded expectations. The buzz is that many of the astute names on Dalal Street, including a young broker who shot to fame in the past couple of years, and a suave broker who appeared on television frequently, have been active in the stock, of late.

If the talk of these players being active in the stock is true, investors in Tata Motors may have to brace for a sharp fall as and when they dump the stock. The stock, which rose 1.7% to a new high of Rs 1,024 on Thursday, has risen around 21% in the past six sessions.

Stake sale talk keeps HNIs busy with Mudra Lifestyle

High net worth investors have been buying shares of Mumbai-based integrated textile firm Mudra Lifestyle, of late. Grapevine has it that the company may sell a strategic stake to another textile firm. A senior company official declined to comment on the matter.

There is also talk that the treasury desk of a domestic PSU bank has bought a couple of lakh shares a few days ago. Brokers tracking the stock said that the company has recently completed its capex with an investment of over Rs 300 crore. The stock closed at Rs 48, up over 2% from the previous close.

A global PE may pick up stake in Shilpa Medicare

A GLOBAL private equity fund is likely to pick up a 10% stake in Raichur-based Shilpa Medicare for close to Rs 100 crore. The firm, which manufacturers and exports active pharmaceutical ingredients, fine chemicals and herbal products, is expected to make a preferential allotment to the private equity fund, said a person close to the development.

Shares of Shilpa Medicare rose 1% to Rs 351.30 on Thursday. It is learnt that Money Matters Investment was the advisor to the company for the proposed deal.

Contributed by Nishanth Vasudevan, Apurv Gupta & Reena Zachariah.  

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Bharti Airtel, India Banks, Bajaj Hindustan

 

Hercules Hoists

 

Tata Motors, Bharti Airtel, India Banking

 

JBF Industries

 

Daily Fundamental Report - Aug 13 2010

 

Daily Technical Report - Aug 13 2010

 

GMR Infrastructure

 

Daily Technical Report - Aug 13 2010

 

Daily Market Outlook - Aug 13 2010

 

Src: DP blog, ET