Results Corner

Infomedia 18 reports net loss of Rs 12.88 crore in the December 2009 quarter
Sales decline 37.63% to Rs 23.04 crore

Shukra Bullions net profit declines 40.00% in the December 2009 quarter
Sales decline 70.44% to Rs 0.81 crore

Gallantt Metal net profit rises 2071.74% in the December 2009 quarter
Sales rise 71.88% to Rs 118.82 crore

Modern India reports net profit of Rs 1.51 crore in the December 2009 quarter
Sales decline 51.65% to Rs 27.63 crore

Texmaco net profit rises 44.07% in the December 2009 quarter
Sales rise 43.46% to Rs 238.69 crore

Supreme Industries reports net profit of Rs 35.92 crore in the December 2009 quarter

Shree Rani Sati Investment And Finance reports net loss of Rs 0.03 crore in the December 2009 quarter

Bajaj Holdings & Investment net profit rises 1332.67% in the December 2009 quarter

Zenotech Laboratories reports net loss of Rs 3.06 crore in the December 2009 quarter

Zenotech Laboratories reports net loss of Rs 2.22 crore in the September 2009 quarter

Jai Mata Glass net profit rises 105.00% in the December 2009 quarter

Tulive Developers net profit rises 25.00% in the December 2009 quarter

Aro Granite Industries net profit rises 17.65% in the December 2009 quarter

Jay Bharat Maruti net profit rises 400.93% in the December 2009 quarter

VST Industries net profit declines 20.33% in the December 2009 quarter

Rural Electrification Corporation net profit rises 48.77% in the December 2009 quarter

Sintex Industries net profit declines 11.34% in the December 2009 quarter

Nakoda Textile Industries net profit rises 97.98% in the December 2009 quarter

Samkrg Pistons & Rings net profit rises 209.43% in the December 2009 quarter

Sybly Industries reports net loss of Rs 0.85 crore in the December 2009 quarter

Jaiprakash Power Ventures net profit declines 61.68% in the December 2009 quarter




Src: CapitalMarket.com

Heard on the Street

Heard on the Street


Investors lap up shares of PSUs ahead of FPOs
Savvy traders are said to be accumulating shares of public sector undertakings such as NTPC, Rural Electrification Corporation (REC) and National Mining Development Corporation (NMDC), which have lined up follow-on public offerings (FPOs). Officials at investment banks say the companies will be going in for the auction method, as the government is looking to maximise its collection from the sale of shares.

Punters are betting that institutional investors will bid at a decent premium to market price if they hope to be allotted the quantity they have bid for. The highest bid could then set the benchmark for the stock price, punters feel. REC shares rose 5% to close at Rs 252.50, NMDC gained 3.6% to
close at Rs 434, and NTPC closed 1% up at Rs 233.10.

Rar(e)ing Bull, loyalists take fancy to GIC Housing
Trade volumes in the GIC Housing Finance stock have shot up over the past few sessions. The counter witnessed a few bulk deals on Thursday and Friday, with Caledonia Investments, the largest institutional investor in the company, offloading nearly 32 lakh shares of the 51 lakh shares it held in its portfolio. Stock exchange websites (BSE and NSE) have no details of the buyers.

Buzz is that the Rar(e)ing Bull and his loyalists have been accumulating the shares. The Bull has publicly said that he’s no fan of real estate companies. But it looks like he doesn’t mind betting on sectors
that stand to gain if property developers do well.

Sebi wants to trace route of mutual fund ‘trail’
Not long ago, Sebi had slammed mutual fund houses for demanding a no-objection certificate from investors who wished to change distributors. The issue is back in focus, with a section of the industry protesting that some AMCs have continued to pass on trail to the ‘old’ distributor, despite knowing that it amounts to restrictive trade practice.

Perception is that companies want to protect old distributors who had bought in the client. Talk is that the regulator is taking a serious view of the issue and is likely to check whether trail has been going to the old distributor despite an investor having indicated otherwise. The issue clearly highlights the divide between larger and smaller asset management companies (AMCs).

Contributed by Reena Zachariah, Santosh Nair & Deeptha Rajkumar

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

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Morning Newsletters - Jan 12 2010

Infinite Computer Solutions - Apply or Avoid ?

NTPC Ltd

ACE

IRB Infrastructure Developers

Themes for 2010

Ranbaxy

Src: Economictimes, Deadpresident Blog and etc

Range bound trading continues

Range bound trading continues

The market hit a new 52-week high in the first full week of trading. But volumes tapered off and prices dropped towards the weekend. The Nifty closed at 5,244.75 points with a gain of 0.8 per cent after climbing to 5,310. The Sensex was up 0.4 per cent, closing at 17,540. The Defty gained 2.75 per cent as the rupee strengthened sharply. Breadth indicators were good with advances comfortably outnumbering declines despite Friday's sell off. The rupee's strength was partly due to committed buying from FIIs and domestic institutions were also net buyers. The Nifty Junior was up 2.7 per cent while the BSE 500 rose 1.7 per cent. The Midcaps also outperformed the Nifty, rising 3.8 per cent. Volumes were on the low side. Outlook: The market is liable to range between 5,150 and 5,300 next week and the initial bias could be negative. Any breakouts could lead to a 150-200 point swing if there's a volume expansion with the breakout. That is, if the market drops to a close below 5,150, it could drop till around 4,950 and if it rises to close beyond 5,300, it could test 5,400-5,450. Rationale: The poor advance-decline situation on Friday (when most stocks closed lower than Thursday) suggests a short-term decline. However, there is very strong support in the erstwhile zone of resistance between 5,150 and 5,180. On the upside, there is a lot of resistance between 5,275 and 5,300. To clear that resistance, it will require serious volume expansion. Even the 5,400-5,450 zone has massive trading history, so the Northwards journey will need lots of fuel. Counter-view: The long-term trend is firmly up. The absence of volatility in the past two-three weeks can be explained to some extent by the lack of volume, which in turn is partly due to the holiday season. If volumes improve, as they should, over the next 5-10 sessions, prices are likely to show an upward trend. The one serious danger would be a pullout by FIIs. Bulls & bears: The IT sector was hit hard by the rupee rise – most of the majors have seen selloffs and the CNXIT dropped 3.7 per cent this week. Results are soon due for Infosys and TCS, and the market sentiment seems bearish. One exception is Mahindra Satyam, which climbed last week. Banking appears to be past a recent bearish phase and it will probably outperform the market. IDFC and Axis Bank may beat the overall financial sector. Realty made a strong comeback on Friday with most of the big guns rising, but part of this may have been short-covering ahead of the weekend. Engineering and construction stocks like HCC, GMR Infra, Nagarjuna Construction, Maytas and Jyoti Structures also did well. Automobile shares saw profit-booking. But, auto ancillaries such as Bharat Forge, Bosch India and Sona Steering saw bullish backing. Non-ferrous metal stocks also saw buying and Sterlite and Hindalco continue to look interesting. There was scattered stock-specific interest in counters like Suzlon, GE Shipping, JP Associates and NTPC. MICRO TECHNICALS INDIABULLS REAL ESTATE Current Price: Rs 227.40 Target Price: Rs 245 The stock has started a recovery on short-covering from around Rs 215. There is sufficient momentum for a rise till around the Rs 245-250 mark. Keep a stop at around Rs 220 and go long. Increase the position between Rs 232 and Rs 235 and start booking profits at Rs 245. ESSAR SHIPPING Current Price: Rs 80.90 Target Price: Rs 90 The stock has seen a relatively recent trend reversal to positive. It had massive volume expansion in the past few sessions. It could have the potential to move till around the Rs 90 mark. Keep a stop at Rs 78 and go long. HUL Current Price: Rs 265.95 Target Price: Rs 280 The stock has seen selling that has pushed it down to a good support. It could bounce till around the Rs 275-280 levels. Keep a stop at Rs 262 and go long. Book partial profits at Rs 275 and clear the position at Rs 280. TCS Current Price: Rs 699.80 Target Price: Rs 680 A sharp reaction has started from a recent high of Rs 760. Volumes have increased as the price has fallen, which is usually a danger signal. There is some support at current levels but the next reliable support is at Rs 680. Keep a stop at Rs 705 and go short. Cover at Rs 680. STERLITE INDUSTRIES Current Price: Rs 906.35 Target Price: Rs 940 The stock has completed a bullish breakout with some volume expansion. The target would be about Rs 940. Keep a trailing stop at Rs 890 and go long. Increase the position between Rs 915 and Rs 920 and raise the stop to Rs 910. Start booking profits at Rs 935. (The target price and projected movements given above are in terms of the next five trading sessions unless otherwise stated.) Other Stories - Sensex slips 75pts amid lacklustre trade - Govt will pass Right to Food Act: FM - China killing India's manufacturing sector: L&T Chief - Reliance Retail to open outlets at corporates' premises - JP Morgan to pay $29 bn in salaries, bonuses: report More Tags : Nifty | Sensex | FIIs | BSE 500 | Midcaps | CNXIT Read Business news in Advertisements Improved business productivity = Accomplishing targets - click to know? Tour of Rajasthan 1000ft Above Reduce cost and increase profitability.. know more Overcome IT challenges & exceed business expectations with a simple click Key Insights into India's energy challenge FXCM -Online Currency Trading Free $50,000 Practice Account Giftwithlove.com: Same Day Gifts & Flowers Delivery to India.

Smart Portfolios outperforms 11-JAN-10 In one of the better weeks for Smart Portfolios, the four fund managers have outperformed the benchmark S&P CNX 500 index by a significant margin.

Costly software 11-JAN-10 While Infinite Computer Solutions has a strong base of clients, improving margins and good growth prospects, the IPO pricing appears a bit stiff.

Sensex may fall 15 per cent in 2010 11-JAN-10 Withdrawal of stimulus measures and higher interest rates could derail the market.

Analysts' corner 11-JAN-10 Balrampur Chini Mills’ ex-factory sugar realisations have increased by around 25 per cent sequentially for the December 2009 quarter to Rs 32 per kg; average realisation for December month is higher at Rs 34 per kg.

Markets at a glance 11-JAN-10 The broader indices opened higher for the first two days.

Close to money spreads look good 11-JAN-10 Volume expansion required for breakouts.

Range bound trading continues 11-JAN-10 The market hit a new 52-week high in the first full week of trading.

Global moves 11-JAN-10 A diversified portfolio, healthy volumes and rapidly growing international sales augur well for Marico’s future.

'Expect 20% annual returns over 5 years' 11-JAN-10 From a low of 8,047 in March 2009, the Sensex has more than doubled over the last three quarters.

Taking off 11-JAN-10 The economic recovery and a low base should help India Inc post robust profit growth for the December quarter.

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Src: Business-Standard