20 July 2010

Stock Calls


Ramsarup hits circuit as Arcelor seen circling

Shares of Kolkata-based Ramsarup Industries were frozen at its daily maximum permissible trading limit of 20% on speculation that ArcelorMittal, the world’s largest steelmaker, is close to buying a stake in the company. The stock, which has risen close to 30% in a week, closed at Rs 102.1. The buzz is that Arcelor is likely to buy the stake at Rs 120 apiece. A senior Ramsarup official declined to comment. Market sources said the deal is likely to be structured, with ArcelorMittal having an option to raise its minority stake in the company later. The company will get an infusion of about Rs 1,000 crore by way of partly convertible debentures shortly, according to a person in the know. The instrument will be converted into equity shares in future.


Inox gains 15% on stake sale speculation


Shares of Inox Leisure rose 14.7% to Rs 74.75 on speculation the Anil Ambani group is in talks to buy a stake in the company. Denying the talk, Deepak Asher, director of Inox Leisure, said, “The speculation is baseless.” An Anil Ambani group spokesperson declined comment. According to a market source, in this deal, Inox will be valued at Rs 400 crore. The promoters of Inox Leisure are locked in a takeover battle with Anil Ambani’s Reliance MediaWorks (RMW) to acquire Fame India. Inox bought Fame promoters’ 43% stake in the company for Rs 44 a share in early March and subsequentl

19 July 2010

Stock Picks from Various sources

19 Jul 2010 | 15:07
Recommended Action for Pantaloons Retail, Vijaya Bank & BRFL is Buy
 
 
 
19 Jul 2010 | 17:07
List of companies that have announced dividends for FY10
 
 
19 Jul 2010 | 11:07
MIL is amongst the few players in the organized segment of packaging industry
 
 
 
 
Src: HDFCSEc, Smartinvestor.in
 
 
 
 

Morning calls

 
 
More upside left for FMCG and pharma stocks
19 Jul 2010, 0755 hrs IST, Jwalit Vyas & Krishna Kant
Stock prices of FMCG and pharma cos are believed to be overheated. However, the majority of these defensive stocks are still fairly valued and quite a few of them look cheaper than their historic valuations. An ET Investor's Guide analysis shows there is more upside left for them.


UR Bhat, MD, Dalton Capital Advisors spoke to ET Now on IT companies, various stocks and markets.


Use dips to buy into OMCs: Rajesh Jain
16 Jul 2010, 1707 hrs IST
Rajesh Jain, Market Strategist in an interview with ET Now talks about OMCs.


 4 prospective midcap steel cos from Angel Broking 
 

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Verge of Break out

YES Bank cmp 299 : Possible Upside after facing lot of resistance at current levels. Good upside expected if breaks 300-310.


Orchid Chem (188): Possible Upside after facing lot of resistance at current levels. Good upside expected if breaks 194-200 levels.
 
 
 
Src: ET, Myiris and etc 
 

18 July 2010

Stock Views 2


IDBI Bank

 

UTV Software Communications

 

Union Bank of India

 

Sun Pharma

 

Tata Consultancy Services

 

Stock and Market Views

Both the Nifty and the Sensex recorded 29-month highs last week. But there was not a single celebratory beep from the market. This cynical attitude is hardly surprising given the numerous attempts made by the benchmark to ‘break out' ...

Investors with a two-year horizon can buy the shares of Wipro, a leading software services and hardware player, given the revival in volumes (person-months billed) in its IT services business and strengthening domestic presence (IT products) ...

Investments with a one-two year time horizon can be considered in the stock of Punjab National Bank (PNB), as the bank despite its size, holds strong growth prospects. The overall pick-up in credit growth augurs well for PNB, which has ...

Disappointing results over several quarters and the sharp run-up in the stock of ABB after the announcement of an open offer, have resulted in the stock trading at very steep valuations, far higher than peers and not supported by ...

The stock of Hindustan Petroleum Corporation Limited (HPCL), the government-controlled downstream oil refining and marketing major, has run up sharply since the fuel pricing reform measures late ...


Investors with a high appetite for risk and a two-three year perspective may buy the stock of Simplex Infrastructures, a diversified construction contractor. Our previous buys on this stock were at Rs 137 in January 2009 and at Rs 415 ...

Results so far have only managed to pleasantly surprise the markets. While there is no telling what the next week's result announcements would entail, trends in index option trading hint at a range-bound market. Most of the open interest ...


16 July 2010

Morning views


Insurance Big Daddy turns seller in index stocks
THE Big Daddy of insurance has been a seller in the index stocks in the past one week, keeping up to its reputation of being a seller in a rising market and a buyer in a falling market. Brokers said they have received selling orders from the Big Daddy in large numbers of late, mainly in oil & gas, banks and auto shares. In the past week or so, the institution has been a seller in SBI. But the buzz is, it has been a buyer in select mid-cap bank stocks.

FIs make a beeline for LIC Housing, stock up 7%
SHARES of LIC Housing Finance rose 7% to a 52-week high of Rs 1,073.40 supported by heavy volumes in a subdued trading session on Thursday. According to dealers, domestic mutual funds and select FIIs were heavy buyers after the company posted better-than-expected quarterly numbers. They said fund managers have been buying housing finance companies of late, mostly for trading gains. Some analysts are cautious about the outlook of housing finance companies, as firming interest rates are expected to raise their borrowing costs, thereby affecting margins.

Oil cos tank as govt fails to free up diesel prices
SHARES of state-owned oil marketers HPCL and BPCL crashed 6% on Thursday after the government said it will not deregulate diesel prices. The sudden about-turn in fuel policy has caught most Dalal Street stalwarts on the wrong foot. All these players had bought huge chunks of these stocks over the past couple of weeks, convinced that the sector was due for re-rating. The top guns who are long on HPCL, BPCL and IOC include the Rar(e)ing Bull, Old Fox, the high-profile second-in-command at a listed broking firm and a suave broker who shares his surname with the Old Fox. The problem now is that most of the top names are bullish on these stocks. So if they turn bearish, who are they going to sell their holdings to?

Godrej Properties bucks downtrend in realty stocks
AT A time when most property stocks are being cold-shouldered by fund managers as well as market operators, Godrej Properties hit a record high of Rs 691.40 on Thursday. Dealers tracking the counter say there is good interest in the stock, but at the same time, they point out that low liquidity is having a multiplier effect on the share price. A suave BSE broker, who shares his surname with the Old Fox, is said to be one of the big buyers of the stock.

(Contributed by Harish Rao & Santosh Nair)

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India picks Rupee symbol to rival the €£¥$ For those of us still fumbling to find the € symbol on our keyboards, today was a bad news day. Computer and mobile keyboards in India (and possibly around the globe) will soon be adding another new button – the rupee key.


Piramal Healthcare

 

Maruti Suzuki

 

Voltamp Transformers, HDFC, Infotech Enterprises, Bajaj Auto

 

TCS - Strong Results

 

Colgate - Rich Valuations

 

Axis Bank

 

Daily Market Outlook - July 16 2010

 

Market View - July 16 2010

 

 

Src: ET, Smartinvestor, DP blog and etc