Possible Big
Break-out
Seen In Both
and
Stocks
Expect a 10-15% returns
from Current level.
SO Keep OWN Stoploss and
Buy for
Short-term Investment.
12 August 2010
Morning calls
Hopes of rating upgrades woo funds to hotel stocks
Hotel stocks have not participated in the recent rally in mid- and small-cap stocks, but if brokers are to be believed, these stocks are due for a rerating in the near future. Dealers at institutional broking houses say that fund managers have been enquiring about key stocks in this sector after their quarterly numbers. Many hotels have seen a significant improvement in average room rates (ARRs), along with an increase in occupancy rates. The occupancy rates have improved to 65% in the first quarter for most hotels, compared to 50-52% for the corresponding quarter last year. A mutual fund, which shares its name with a zodiac sign, is said to be a big buyer in Indian Hotels in the past few trading sessions. On Wednesday, the stock closed at Rs 96.15 down nearly 1%. Analysts say that shares of hotel companies traditionally perform well during second and third quarters of the financial year, as tourist activity starts to pick up.
Hotel stocks have not participated in the recent rally in mid- and small-cap stocks, but if brokers are to be believed, these stocks are due for a rerating in the near future. Dealers at institutional broking houses say that fund managers have been enquiring about key stocks in this sector after their quarterly numbers. Many hotels have seen a significant improvement in average room rates (ARRs), along with an increase in occupancy rates. The occupancy rates have improved to 65% in the first quarter for most hotels, compared to 50-52% for the corresponding quarter last year. A mutual fund, which shares its name with a zodiac sign, is said to be a big buyer in Indian Hotels in the past few trading sessions. On Wednesday, the stock closed at Rs 96.15 down nearly 1%. Analysts say that shares of hotel companies traditionally perform well during second and third quarters of the financial year, as tourist activity starts to pick up.
Daily Market Outlook - Aug 12 2010
Daily Technical Report - Aug 12 2010
Daily Fundamental Report - Aug 12 2010
Tata Motors, Hindalco, IVRCL Infrastructure, Piramal Healthcare, Nagarjuna Constructions, GSPL, GAIL, India Economy
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Our Picks: (also try in Derivatives(or) FnO)
Buy GLAXO cmp 1958 : Buy Around 1922-1890 Levels. Short term Bounce Expected.
Buy Nagarjuna construction cmp 161 Buy Around 152-156 levels for a Short term bounce.
Keep OWN stoploss in Above trades.
Src: ET, DP blog
11 August 2010
Stock Calls
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Royal Orchid Hotels
GMR Infrastructure, Tulip Telecom, Britannia Industries
Time Technoplast
Daily Market Outlook - Aug 11 2010
Daily Technical Report - Aug 11 2010
Derivative Report - Aug 11 2010
Src: DP blog, BrameshTech blog
Naresh Gulati: From candle seller to CEO of Rs 440-cr biz
CHANDIGARH: He used to sell decorative candles to the newly-wed couples along the roadside in Chandigarh. "I was never interested in studies, and I always wanted to do something of my own," says Naresh Gulati, who is now the owner of Rs 440-crore Oceanic Consultants Australia Group (OCA Group). From selling candles to wholesale cloth trading, to cosmetics wholesale and teaching at Aptech Computers to running a computer centre, the 39-year-old tried his hands at many things before homing in on overseas education consultancy business. The journey has not been easy for Mr Gulati who flunked in class 10 and performed miserably in college. But he is now a guest lecturer on entrepreneurship in leading Australian universities. Armed with a diploma in electronic data processing, Mr Gulati went to RMIT, Melbourne, in 1995 for a post-graduate course in information systems. However, destiny had scripted a different chapter for him. "When I reached there, I realised that I had been duped. I was promised a job in Melbourne by my immigration consultant, and that would have helped me clear the loan that I took for going overseas," recalls Mr Gulati. For the next six months, Mr Gulati came in touch with several students who had met the same fate. And this made him think about a fantastic business opportunity-immigration consultancy business. Mr Gulati came back to Chandigarh in 1996 and started Oceanic Consultants. "Chandigarh had over 110 such agencies at that time, and I was discouraged by many not to venture into this business, says Mr Gulati. "There was a time when I had to choose between two options-paying the rent or using that money for advertising. I chose the latter and the risk paid off,". |
10 August 2010
Stock calls
Technical Calls on Rain Commodity,DCM Limited,Aries Agro and Ratnamani Metals
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Heard on the Street
Hinduja Ventures gains as a punter seen active in stock
Shares of Hinduja Ventures have seen a surge in activity, of late, amid the rally in mid- and small-cap shares. The stock, which fell 0.4% to Rs 448.10 on Monday, had surged a little over 30% in the two previous trading sessions, supported by higher-than-average volumes. The buzz is that a Mumbai operator, based out of a western suburb and known for his bearish calls, has been active in the stock, of late. Grapevine is that this operator has been closely tracking the company’s business and new ventures. Brokers said new Trai guidelines recommending an eight-year tax holiday for setting up digital distribution to cable providers and zero customs duty for all digital head-end equipment and set-top boxes for three years are a positive for the company.
Short-selling in Nifty futures could be good for bulls
Nifty August futures closed at an 8-point discount to spot. This seems to indicate that a large section of the market is not convinced about the ongoing rally. Dealers say this could be partly because many institutional players and traders are hedging their long positions in the cash market by short-selling Nifty futures. This could spell good news for bulls, they say. Because if the market sustains the uptrend for a while, most players ‘short’ on the Nifty would be forced to cover up their positions. Already, quite a few bears squared up their short positions on Monday, when the Nifty rose beyond 5474, narrowing the discount between the Nifty futures and the index, which was in excess of 10 points at one stage during the day.
Short-covering lifts Unitech shares
Shares of property developer Unitech rose 6% to close at Rs 90.45 on Monday, after shareholders approved the company’s restructuring scheme. Under this scheme, the company has planned to merge two of its group companies with itself, and hive off its infrastructure business into a separate company. Grapevine is that many traders had short sold Unitech futures, betting that the restructuring plan would not be approved by shareholders. With the outcome turning out to be the opposite, traders were forced to cover their positions. On the BSE, over 93 lakh shares were traded, compared to the two-week average daily volume of 39 lakh shares.
I-banks woo investors into Jyothy Labs’ QIP issue
Merchant bankers are said to have sounded off potential investors for the QIP of Jyothy Laboratories. The book will be open for bidding in a day or two, say dealers tracking the stock. In June, the company board had approved a proposal to raise up to Rs 300 crore through a QIP. The market buzz is that the company will be raising around Rs 250 crore. At Wednesday’s closing price of Rs 279, the company will have to dilute nearly 12% of its equity to raise that amount.
(Contributed by Harish Rao & Santosh Nai
*****************************************************
Daily Market Outlook - Aug 10 2010
Technical Picks - Aug 10 2010
Daily Fundamental Report - Aug 10 2010
BL Kashyap and Sons
Src: ET, Brameshblog, DP blog
09 August 2010
With only Rs 1,000, you can fund the next Google!
"The next Google or YouTube can come out of India and with the right network of people working together to discover and nurture innovative start-ups, it could be sooner than you think," Valto states.
If you want to invest in a start-up, you can subscribe to the website. The subscription fees is Rs 1,000, out of which Rs 750 is available to you to invest in a company of your choice.
GrowVC retains the remaining Rs 250 as management fees. Once you have become a member, you can access the list of start-up companies available for investment on the website with a short description and a basic business plan.
The maximum amount you can invest through GrowVC is Rs 50,000.
"The typical holding period we have in mind for these investments is around 3-4 years after which we will start looking at exit options and distribute the profits to the investors," says Kataria. The company will once again keep 25 per cent of the returns earned as their management fees and handover the remaining 75 per cent of the profit to the original investors.
The crowd funding approach has many precedents worldwide, mainly in the spheres of charity, microfinance and creative fields like music and films. Tapping the Internet to collect money for a cause or project has eventually led to many international websites designed specifically for this purpose. Kiva, Sprouter and Kickstarter are some examples.
Click NEXT to read on . . .With only Rs 1,000, you can fund the next Google!
06 August 2010
Check out the top contenders for Ratan Tata's place
Five wise men will soon choose a new head for the $71-billion Tata empire. This is India's biggest CEO search ever.
The selection committee will be screening candidates from three talent pools -executives within the group, Indian professionals and global managers. ET put together a shortlist of potential candidates.
Do let us know if you have better names in mind...
The selection committee will be screening candidates from three talent pools -executives within the group, Indian professionals and global managers. ET put together a shortlist of potential candidates.
Do let us know if you have better names in mind...
INDRA NOOYIA friend of Ratan Tata, Indra Nooyi, 55, heads the $60-billion PepsiCo.
The manner in which she led PepsiCo towards sustainable growth will endear her to the group, but her very American management style may not.
For more on this Article : Check out the top contenders for Ratan Tata's place
Potential candidates for Ratan Tata's place
5 wise men will soon choose a new head for the $71 bn empire. This is India's biggest CEO search. JRD Tata: Down memory lane
05 August 2010
Stock Calls
MOSERBEAR – PLEASE KEEP EYES
DABUR INDIA – PLEASE KEEP CLOSE EYES .
05 Aug 2010 | 16:08
05 Aug 2010 | 16:08
04 August 2010
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
03 August 2010
Solar Tsunami Likely To Hit Earth
Solar tsunami to hit earth
Washington, August 3 (ANI): The Earth is in the path to be hit by a wave of violent space weather as early as Tuesday after a massive explosion of the sun, scientists have warned.
Astronomers witnessed the huge flare above a giant sunspot the size of the Earth, the explosion aimed directly towards Earth.
It sent a "solar tsunami" racing 93 million miles across space, which is likely to hit the planet on Tuesday.
The wave of supercharged gas is likely to spark spectacular displays of the aurora or northern and southern lights.
However, a really big solar eruption could shut down global communication grids and destroy satellites, if it reaches today.
A recent warning by NASA said that Britain could be at the receiving end of widespread power blackouts for a long time after the earth is hit by a once-in-a-generation "space storm".
"It looks like the first eruption was so large that it changed the magnetic fields throughout half the Sun's visible atmosphere and provided the right conditions for the second eruption," said Dr Lucie Green, of the Mullard Space Science Laboratory, Surrey.
"This means we have a very good chance of seeing major and prolonged effects, such as the northern lights at low latitudes," she added. (ANI)
Src: Yahoo, And All Websoruces
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
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.
> 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
02 August 2010
01 August 2010
Stock and Market views
TECHNICAL ANALYSIS: Index Outlook: Sensex backtracks again
The Sensex had just begun to flap its wings to soar above the 18,200 barrier when it was checked abruptly by the RBI's policy rate hike. Earnings disappointments from some of the top-rung companies made the index retract further to close ...
The Sensex had just begun to flap its wings to soar above the 18,200 barrier when it was checked abruptly by the RBI's policy rate hike. Earnings disappointments from some of the top-rung companies made the index retract further to close ...
STOCKS: Bajaj Auto: Buy
Investors with a one-to-two-year perspective can consider an investment in the Bajaj Auto stock. The company had a dream run in 2009-2010, aided by a demand revival after the slowdown of 2008. This performance has extended to the first quarter ...
STOCKS: Birla Corporation: Buy
Investors with a two- year perspective can consider investing in the stock of Birla Corporation, a cement manufacturer whose target markets are the northern, central and ...
Investors with a two- year perspective can consider investing in the stock of Birla Corporation, a cement manufacturer whose target markets are the northern, central and ...
STOCKS: Lanco Infratech: Buy
Investors with high risk appetite can consider fresh exposure to the stock of Lanco Infratech with a two-year investment horizon. The company plans to add 1888 MW of additional capacity, trebling its capacity in FY11 which will ...
Investors with high risk appetite can consider fresh exposure to the stock of Lanco Infratech with a two-year investment horizon. The company plans to add 1888 MW of additional capacity, trebling its capacity in FY11 which will ...
IPOS: Bajaj Corp — IPO: Avoid
The Initial Public Offer (IPO) from Bajaj Corp may not be suitable for investors with a conservative risk profile. Though the company occupies a lucrative niche in the hair oil market, it relies heavily just on this one segment to drive ...
TECHNICAL ANALYSIS: Query Corner: Consolidation in Kotak Mahindra Bank
Please advise me on the prospects of Kotak Mahindra Bank. Meru Ramana, ...
Please advise me on the prospects of Kotak Mahindra Bank. Meru Ramana, ...
TECHNICAL ANALYSIS: Sizzling stocks: Maruti Suzuki (Rs 1,198.1)
The Maruti Suzuki stock tumbled 12 per cent forming a downward gap on Monday following its Q1 results announcement. It reported a year-on-year drop in net profits due to higher royalty payments. Subsequently, the stock hovered around Rs 1,200 ...
The Maruti Suzuki stock tumbled 12 per cent forming a downward gap on Monday following its Q1 results announcement. It reported a year-on-year drop in net profits due to higher royalty payments. Subsequently, the stock hovered around Rs 1,200 ...
30 July 2010
29 July 2010
28 July 2010
A guide to Forbes India 20 stocks portfolio
By: Pravin Palande, T Surendar/Forbes India
Around this time last year, Mumbai was still impatiently waiting for the arrival of the monsoons. It would have been the season’s best reprieve for anxious investors who were till then reeling under the heat of a global market meltdown. In retrospect though, it may have been the ideal starting point for Indian investors.
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Exactly a year before now, in our first cover story on the markets, we had recommended that investors resume buying. We had recommended a portfolio of 20 stocks that would mirror an array of opportunities the Indian economy presented.
A year later, barring two companies, the portfolio has ended with positive returns. Three companies P&G, Page Industries and Pidilite have returned 100%. Five other stocks gained 70%.
On the whole, the Forbes India 20 portfolio was up 54%, compared to 45% of the mid-cap index (most of our recommendation was from this category). The broad market went up by 15% during the same time.
To be honest, there were enough easy pickings. Many companies were powering ahead before the global bust and yet, their valuations had fallen off the cliff. Almost all our stock picks had a strong domestic story that helped insulate them from the global instability.
But that was last year. Many Indian companies are now quickly reaching their pre-slump level in sales. Having scaled back expansion plans, they will soon churn out their full capacities, leaving little headroom for volume growth.
Investors have already guessed that Indian companies will continue to perform well, and lapped up stocks at prices that have already discounted the current financial year’s earnings.
Our considered opinion is that any investments in the stock market may not yield above-average returns in the next one year.
Morning views
hakti Pumps losing steam as investors offload shares
Shares of Madhya Pradesh-based Shakti Pumps, manufacturer of submersible pumps and motors, have been weighed down by selling pressure in the past couple of sessions.
The stock, which fell 4.3% to Rs 285.50 on Tuesday, has fallen over 15% in the past couple of days after witnessing a sharp rally in the past few months on large volumes. Dealers tracking the counter say that some wealthy investors, who had loaded up the stock, are selling.
According to the market buzz, the company was rumoured to be close to bagging some large orders from the government. But in the absence of any such announcement, these investors dumped the stock. The stock clocked a high of Rs 340 last Friday.
Ferro Alloys in demand on stake sale buzz
Ferro Alloys Corporation has been in the thick of activity on bourses of late on talk some groups are in the race to buy a stake in the company.
Initially, the talk was that the promoters of Ferro Alloys’ were only interested in selling a minority stake. Subsequently, there was speculation that a majority stake sale was also being explored. However, differences over valuations between prospective buyers and the promoters have led to talks getting stalled.
Brokers said promoters are demanding at least Rs 50 per share, while the prospective buyers are not willing to pay that much, especially as the stock is currently trading at about Rs 31. Ferro Alloys officials were unavailable for comment on the matter. The stock has risen about 17% in the last six sessions.
Shares of Madhya Pradesh-based Shakti Pumps, manufacturer of submersible pumps and motors, have been weighed down by selling pressure in the past couple of sessions.
The stock, which fell 4.3% to Rs 285.50 on Tuesday, has fallen over 15% in the past couple of days after witnessing a sharp rally in the past few months on large volumes. Dealers tracking the counter say that some wealthy investors, who had loaded up the stock, are selling.
According to the market buzz, the company was rumoured to be close to bagging some large orders from the government. But in the absence of any such announcement, these investors dumped the stock. The stock clocked a high of Rs 340 last Friday.
Ferro Alloys in demand on stake sale buzz
Ferro Alloys Corporation has been in the thick of activity on bourses of late on talk some groups are in the race to buy a stake in the company.
Initially, the talk was that the promoters of Ferro Alloys’ were only interested in selling a minority stake. Subsequently, there was speculation that a majority stake sale was also being explored. However, differences over valuations between prospective buyers and the promoters have led to talks getting stalled.
Brokers said promoters are demanding at least Rs 50 per share, while the prospective buyers are not willing to pay that much, especially as the stock is currently trading at about Rs 31. Ferro Alloys officials were unavailable for comment on the matter. The stock has risen about 17% in the last six sessions.
27 July 2010
RIL Q1 net profit up 33.42% at Rs 4851 cr
RIL Q1 net profit up 33.42% at Rs 4851 cr
Mukesh Ambani group's flagship company Reliance Industries (RIL) has announced its results for the quarter ended June 2010. It has reported net profit at Rs 4851 crore as against Rs 3636 crore, a growth of 33.42% on year-on-year basis.
Net sales jumped 81.65% to Rs 58,228 crore from Rs 32,055 crore. Numbers were in-line with expectations; CNBC-TV18 expected net sales at Rs 59,300 crore and net profit at Rs 4820 crore.
Refining revenues increased 106.81% to Rs 50,531 crore from Rs 24,434 crore and petchem revenue rose 18.8% to Rs 13,903 crore from Rs 11,707 crore (YoY).
Petchem earning before interest & tax (EBIT) declined to Rs 2,053 crore from Rs 2,109 crore while refining EBIT jumped to Rs 2,035 crore from Rs 1,299 crore.
Petchem margins came in at 14.8% and refining margins at 4%. Operating margins stood at 16%.
Gross refining margin (GRM) came in at USD 7.3 a barrel.
Net sales jumped 81.65% to Rs 58,228 crore from Rs 32,055 crore. Numbers were in-line with expectations; CNBC-TV18 expected net sales at Rs 59,300 crore and net profit at Rs 4820 crore.
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Petchem earning before interest & tax (EBIT) declined to Rs 2,053 crore from Rs 2,109 crore while refining EBIT jumped to Rs 2,035 crore from Rs 1,299 crore.
Petchem margins came in at 14.8% and refining margins at 4%. Operating margins stood at 16%.
Gross refining margin (GRM) came in at USD 7.3 a barrel.
HUL Q1 net profit down 8.3% at Rs 512.4 cr
L&T Q1 net profit up 15% at Rs 666 cr
RBI rates may make auto, home loans dearer
RBI hikes short-term rates; CRR unchanged
Impact analysis: Monetary Policy Review
Result Analysis: Hindustan Unilever
L&T net up 15% at Rs 666 cr
RESULT ANALYSIS: NTPC
Src: ET, Smartinvestor, Moneycontrol
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