My Favourite Personalities

Ratan Naval Tata

Ratan Naval Tata (born December 28, 1937, in Mumbai) is the present Chairman of the Tata Group, India's largest conglomerate founded by Jamsedji Tata and consolidated and expanded by later generations of his family. He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices.

Ratan Naval Tata
Born	December 28, 1937 (1937-12-28) (age 71) Bombay Presidency, British India
Residence	Mumbai, India
Nationality	India
Ethnicity	Parsi
Citizenship	India
Alma mater	Cornell University Harvard University
Occupation	Chairman of Tata Group
Home town	Mumbai, India
Religious beliefs	Zoroastrianism
Spouse(s)	Never married
Children	2 Girls (adopted)

Early life

Ratan Tata was born into the wealthy and famous Tata family of Mumbai. He was born to Soonoo and Naval Hormusji Tata. Ratan is the great grandson of Tata group founder Jamsetji Tata. Ratan's childhood was troubled, his parents separating in the mid-1940s, when he was about seven and his younger brother Jimmy was five. His mother moved out and both Ratan and his brother were raised by their grandmother Lady Navajbai.

[edit] Early career

Ratan Tata completed a BSc degree in engineering with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.^[1] He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel. He worked on the floor along with other blue-collar employees, shoveling limestone and handling the blast furnaces.^[2] Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire.^[3][4]

More @ http://en.wikipedia.org/wiki/Ratan_Naval_Tata

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Chanda Kochhar

Chanda Kocchar
Kocchar at the World Economic Forum's India Economic Summit 2009
Born	November 17, 1961 (1961-11-17) (age 48) Jodhpur, India
Occupation	CEO and MD, ICICI Bank
Children	A son and a daughter

Chanda Kochhar (born November 17, 1961) is currently the Managing Director (MD) of ICICI Bank and Chief Executive Officer (CEO). ICICI Bank is India's largest private bank and overall second largest bank in the country.^[1][2] She also heads the Corporate Centre of ICICI Bank. Kocchar has also consistently figured in Fortune's list of "Most Powerful Women in Business" since 2005. In 2009, she debuted at number 20 in the Forbes "World's 100 Most Powerful Women list".

More @ http://en.wikipedia.org/wiki/Chanda_Kochhar

Src: Wikipedia.org

There could be correction in Jan: M Stanley

There could be correction in Jan: M Stanley

italic;"> Sridhar Sivaram , ED, Morgan Stanley.


It is very interesting to see that Morgan Stanley is actually negative on PSU banks and positive on private sector banks. What would the logic out there be?

Well, our view is that we could see a tightening cycle coming very soon, may be in January itself. Typically what we have seen in the past is that when we have a tightening cycle, the PSU banks tend to underperform this sector and market in general because broadly they are seen as a bond proxy. Some of that may have changed, so we would go by that view and we think in a volatile interest rates environment, the private sector banks are better positioned as opposed to the PSU banks.

So you would not get tempted to buy into the PSU banks simply because they are just so much cheaper?

Well, as I just said we are broadly underweight the PSU banks, so I would not say that within the PSU basket, there would not be banks, which may look attractive at various points of time but you have to keep in mind that PSU banks as a basket have always traded cheaper to the private sector banks. So to that extent, the discount would always be there.

The question obviously comes that there is a possibility of the earnings moving up because of deposit re-pricing and stuff like that but what we understand is that this is already known in the market and there is nothing special about this but what could come as a surprise is the accent of the CRR hike, the extent of the tightening cycle going forward. We do not where the inflation currently is because this data is not being shared right now, but, our own internal estimate is that inflation could be closer to 7.5-8% by March, which basically would mean that we would have to tighten with GDP at 7.9%, IIP double-digit growth. These are all ingredient for a tightening cycle to come much faster than what the market expects.

In light of the fact that yes, there could be a bit of tightening if you will. What about some other interest rate sensitive? Say for example, real estate, there are lot of IPOs also in the pipeline currently, one has opened today. How would you view this space?

Well, I would not comment on specific stocks but as a sector, we would be underweight the sector. Again with the same view that we would like to stay underweight interest rate sensitive as much as possible, so real estate is obviously one of them because of the tightening cycle and obviously as you mentioned, there is enough paper coming in the market, so there will be enough movement within stocks because people who already own may want to look at some of the other stocks. So we would be underweight the real estate sector also.

Consumer discretionary, which is autos would also be the other sector, which we would want to stay underweight, especially the passenger vehicle market. The two-wheeler market is less sensitive to interest rates, so broadly as you would understand what interest rate sensitive sectors and stocks are. We would broadly be underweight those sectors, and we will see how things pan out from thereon.

There could be a correction in January if interest rates actually go up but if growth continues, markets could continue to move up, say

Click to see Morgan Stanley's view on the current market.

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Src: Economictimes.Indiatimes

Heard on the street

Heard on the street

Punters zoom in on Time Technoplast Shares of Time Technoplast, a firm specialising in polymer products, witnessed a flurry of activity on Tuesday. On the National Stock Exchange (NSE), the stock rose 13.3% to close at Rs 43.05, with around 58 lakh shares changing hands. This included a bulk deal of 50 lakh shares, with Deutsche Equity Fund being the seller, according to the disclosure on the NSE website. No details of the buyer(s) were revealed. Market talk is that a clutch of mutual funds picked up the block on offer, with Reliable Mutual Fund accounting for a sizeable chunk. The company reported an earnings per share (EPS) of Rs 3.30 for FY09, and the EPS for the first half of the current financial year has not been spectacular at Rs 2.16. Talk is that the fund has been aggressively buying mid-cap stocks recently in anticipation of the next wave of bull run in the segment. MF distributors may again be left out in the cold The mutual fund industry, which is still to come to turns with the no-load regime, has been in the news of late following a debate over the need for a no-objection certificate (NoC) from an investor seeking to change distributors. With the market regulator clearly displeased with what it views as a restrictive trade practice, the industry and, in particular, the asset management companies and distributors have come under the regulatory scanner for following a practice which is against investor interest. The buzz on the street is that the AMFI-appointed committee (comprising 2-3 fund houses) has put forward the results of its analysis to Sebi. Initial feedback indicates that the requirement for an NoC will be done away with but the new distributor will not get trail commissions. The news has evoked mixed reactions from the distributor community. Most of them feel that without the trail fees there will be no incentive for a distributor to service his client. The ball is now in Sebi’s court. Motilal Oswal sales head joins to Abu Dhabi fund Jayesh Parekh, a former top institutional sales official at Motilal Oswal Financial Services, is believed to have joined Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by Abu Dhabi. However, ET could not confirm the role of Parekh, who was rated the top salesperson for India in the AsiaMoney Brokers poll recently, in ADIA. Earlier, ADIA had roped in Mihir Vora, equities head of HSBC Asset Management, as a fund manager. (Contributed by Santosh Nair, Deeptha Rajkumar & Nishanth Vasudevan)

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	Two attractive mid cap picks Sanjay Chhabria
	Polaris Software Labs: Buy at CMP Rs177 Nirmal Bang
	Cipla: Healthy growth going forward Punam Choudhary
	Technical Picks: Havells, Power Finance Corp HDFC Sec

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Src:Economictimes, Valenotes

Check out 12 attractive stocks of low-profile sectors

Check out 12 attractive stocks of low-profile sectors

Companies with attractive growth opportunities 7 Dec 2009, 1025 hrs IST

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Kiran Kabtta Somvanshi of ET Bureau Little tracked sectors like glass, paper, basic industrial materials and packaging offer stocks with attractive growth opportunities. An ETIG study shows that there are at least dozen good companies belonging to such low-profile sectors like glass, paper, abrasives, electrodes, packaging and others. The following 12 companies, while being relatively small in size, hail from sectors that are typically clubbed under the category of 'miscellaneous'. Check out the power-packed dozen companies. Next >>

ABC Paper 7 Dec 2009, 1025 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History This Rs 200-crore Chandigarh headquartered company is engaged in the manufacture of wood-free writing and printing paper through the use of wild vegetations and agro-residues. The growth in the value-added paper segment in the country presents an attractive opportunity for this company with an unconventional business model. From making a loss in FY06, the company has grown to register a profit of Rs 14 crore in FY09 and Rs 18 crore for the trailing twelve months ended September 2009. The company has also paid dividend in last three years with the average payout ratio of 15%.

For More On this @ Check out 12 attractive stocks of low-profile sectors

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Src: Economictimes.Indiatimes

Nifty likely to face resistance at 5300

Nifty likely to face resistance at 5300

December could be the fourth-straight month where the market may continue to be in range, as depicted by options data for that particular month

Top 5 picks of the day Where are mkts headed? Check dividend yield Switch fund & realign

barring past few days in October.

Positional range for the Nifty seems to be 4800 on the lower side and 5200-5300 on the higher side. The 5000 put has a maximum build-up, but we believe it’s more of buying and we don’t assign more than psychological weightage to it.

The build-up in 5300 call option, of late, indicates call buying, as implied volatility for the same is around 21% and such low IVs in this long expiry (December 31, 2009) indicates the same. Buying of FIIs in index option also supports the argument. Very rarely, in the history of this market, we have seen the market crashing significantly from its highs if the market spends time near the highs in the form of consolidation as we are doing now. Otherwise, falls are immediate and furious.

Against this backdrop, we would suggest buying at-the-money or slightly out-of-money calls of the Nifty, as indices likely to breach the much-talked about resistance zone of 5180-5200. Having said that, it won’t be a run away rally. The new resistance for the Nifty will be 5300.

Also Read

→ Profit-booking may interrupt D-St ride

→ Markets to remain volatile with negative bias: Analysts

→ Indian cos' add $5.33 bn to their US m-cap in a week

→ Eight-year cycle: Sensex may hit 21,000 jackpot in 2011

→ Rs 58,000 cr blocked with cos suspended by BSE & NSE

So, if the market consolidates in a narrow range, then it will be midcaps which will gather attention. In fact, it has already started. Case in point: Banking and IT. Large caps are consolidating, but mid-caps are showing significant price as well as open interest appreciation. Among large caps, Reliance Industries’ 1080, 1095 and 1110 calls have seen substantial build-up, and we believe this congestion zone is resistance for the stock.

Bharti Airtel has rallied from lower levels predominantly, because of short-covering. Call writing in 320 call suggests upside is limited. BHEL has good support around 2170-2180 levels and good shorts standing in it. We expect short-covering to take place.

By - Siddarth Bhamre, Fund Manager-Derivatives, Angel Broking

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Top 5 picks of the day I Mid-term picks I Where are mkts headed?

Bull's Eye: Yes Bank, Mahindra Satyam, Tata Motors, Bajaj Hindustan, Nestle


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Reaction from double top

he market tested the 2009 high and corrected last week. The Nifty closed out at 5,108.9 points for a week-on-week gain of 3.4 per cent while the Sensex was up 2.8 per cent at 17,101 points. The Defty gained 4.5 per cent as the rupee hardened sharply.

Advances outnumbered declines and breadth in terms of traded shares was good. But volumes were on the low side of average in both cash and derivatives markets. The FIIs were net buyers while domestic institutions sold in small quantities. The BSE 500 rose 3.9 per cent while the Midcaps were up 5.3 per cent. The Junior was also up over 5 per cent.

Outlook: The market tested the 2009 high of 5,181 and reacted from that level. This is a double-top, which has short-term negative significance. A reaction clearly started on Thursday and Friday. There’s good support above 5,000 and the reaction may end there. The long-term trend and intermediate trends both seem positive.

Rationale: Although the double-top suggests resistance at 5,181 is very strong, the week saw a breakout that established a pattern of higher highs. Coupled to higher lows in the past fortnight, this indicates strongly that the intermediate trend is positive. The long-term trend still appears to be climbing, given a rising 200-day moving average.

Counter-view: Opinions differ on the persistence and strength of a double-top pattern. If the double-top causes just a short-term correction, support will come in just below current levels. However, this was a major top in that 5,181 was a 52-week high. So the correction may have deeper or more long-term implications. If the market closes below 5,000, we will probably see another bout of range-trading between 4,800-5,000.

Bulls & Bears: Friday saw a reaction and the market closed towards the lower end of the day’s trading range. Sectors which appeared to be hard hit included banks and real estate companies – these sectors had both gained strongly in tandem before the correction started. Until the reaction bottoms out, banking and realestate are likely to lose more ground than the Nifty. The engineering, power sector and auto stocks appeared to be weak as well but the trends there were more mixed. For example, GMR Infra gained on Friday, while IVRCL lost and these two normally move together.

The pharma sector seems to be quite strong, with many stocks such as Cipla, Glenmark, Divi’s and Torrent gaining substantially. There was also a lot of interest in media stocks with NDTV, TV-18 and of course, the new listing, Reliance Media World generating huge volumes. Some short-covering is taking place in the beaten-down telecom sector where Idea might outperform in the next couple of sessions.

MICRO TECHNICALS

CIPLA
Current Price: Rs 358.95
Target Price: Rs NA

The stock has been bullish since mid-March when it was trading at around Rs 200. The slope of the rise has got steeper and volumes have expanded in the past week. Impossible to project targets since it is in new territory. Keep a trailing stop at Rs 350 and go long. Raise the stop 10 points for a 10-point rise.

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POLARIS SOFT
Current Price: Rs 181.25
Target Price: Rs 174

The stock has started a high-volume reaction from a recent 52-week peak. It is likely to pull back till support at around the Rs 174 level. Keep a stop at Rs 183 and go short. Cover the position below Rs 175. The long-term trend is strongly bullish. Consider reversing the position (double-plus) at Rs 174 when the reaction ends.

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ESSAR OIL
Current Price: 145.45
Target Price: Rs 160

The stock has seen gains from support at around Rs 132. It has also seen volume expansion. There’s strong resistance at Rs 150 but that is a minimum target on the bounce. There is potential for Rs 160 to be achieved. Keep a stop at Rs 143 and go long. Book partial profits at Rs 150.

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TUBE INVESTMENTS
Current Price: Rs 70.2
Target Price: Rs 80

The stock has shot up on huge volume expansion. It has been hitting resistance at above current levels. If it clears Rs 72-74, it would be at a new high with a target of about Rs 80-85. Keep a trailing stop loss at Rs 67 and go long. Increase the position above Rs 73 and move the stop up 5 units for every 5 unit gain.

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AXIS BANK
Current Price: Rs 1,027
Target Price: Rs 990

The stock has support at Rs 1,000-1,010 and that is one possible target. If Rs 1,000 is broken, it could fall to Rs 980. Keep a stop at Rs 1,040 and go short. Partially cover between Rs 1,000-1010. Clear the position below Rs 990.

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Volume gains 07-DEC-09 For the first time since taking over Jaguar Land Rover (JLR) in June last year, Tata Motors returned to profitability at the consolidated level.

Seeking new funds 07-DEC-09 Mutual fund houses are aiming to raise money at a time when the existing equity funds are finding it tough to cope with low inflows and redemption pressure.

Healthy gains for Smart Portfolios 07-DEC-09 The markets rose steadily for the better part of the week on news of robust GDP numbers and allaying of fears on the Dubai repayment crisis.

Markets at a glance 07-DEC-09 Key benchmark indices surged as India’s economy expanded at higher than the expected rate of 7.9 per cent for October.

Gold falls the most in a year 07-DEC-09 Gold dropped the most in a year as a rising dollar prompted some investors to sell bullion on the heels of a rally to an all-time high.

Trading focus on the near-term 07-DEC-09 A northwards breakout early in the week was followed by a correction.

Reaction from double top 07-DEC-09 The market tested the 2009 high and corrected last week.

The hedge opportunity 07-DEC-09 Performance cycles indicate that hedging could be an opportunity and not just an imperfect risk management technique.

Analysts' corner 07-DEC-09 Hindustan Unilever (HUL) continues to witness volume deceleration in some of its key categories despite several re-launches, hefty advertising and pricing action implemented by the company since January 2009.

A long-term play 07-DEC-09 JSW Energy’s track record and high revenue visibility are some clear positives, but the IPO leaves little to gain from in the short-term.

Bankable model 07-DEC-09 Godrej Properties’ growth strategy, past performance and brand equity augur well and will help deliver healthy returns in the long run.

Still soft 07-DEC-09 Tata Steel reported a consolidated loss of Rs 2,707 crore for the September 2009 quarter, its third consecutive quarterly loss.

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JSW Energy IPO Analysis

Bajaj Electricals

Page Industries

Godrej Properties IPO Analysis

Godrej Consumer Products

Pratibha Industries

ACC /

Wipro /

Bata India

Src: Economictimes, Business-Standard, DP Blog

Markets setting base for next fall, 15-20% correction could happen: Anil Manghnani

Markets setting base for next fall, 15-20% correction could happen: Anil Manghnani

Anil Manghnani , Director, Modern Shares & Stock Brokers believes that while the market may top out maximum at 5400, it seems to be setting up the ground for the next fall. He continues to be negative on real estate stocks. Here is what he told ET Now this morning. A bit of a flattish close yesterday, 5131, last day of the week, how do you expect it to pan out? It will probably be subdued trading now, last two days markets not been able to hold onto the intra-day gains. There is a little bit of, not fatigue but little bit of pause, I mean remember the market has gone from 4800 to nearly 5200 in four trading sessions as such. So, some pause even today may be more stock specific action but I would say whether we top out at 5200-5300-5400, I am not sure but this time around I feel we are setting up the base for the next fall. Without sounding overly bearish, what I am trying to say is the last two occasions we were at 5100, you did not get the sense that the retail participation was there, momentum stocks were not moving, speculative action was not there. You had voices where there is the redemption pressure, it is very rare in India. You hear markets at a new 52-week high and redemption pressure but that seems to be subsiding now. The scepticism seems to be a little bit off now and the people are coming back to the market. So even though this Nifty may have some leg on the upside, I just feel that now with the participation increasing there will be more risk which will create the excess for the next correction. So you will see movement but there is going to be some sort of creation of the next fall. It will be difficult to understand, I mean to explain but now is the time to be careful in this move to 5300-5400 where the excesses are going to be created. The next time the fall comes, you will get that 15-20% correction. Every time we get a fall of let’s say 300-400 points, everybody talks about that 20% correction and the market bounces back but this time around we are creating that sort of scenario where we will be susceptible to a fall. Stock specific in this session and you are looking at real estate, that is your target on the sell side? More so from the fact that they are weaker sectors and they have had a nice bounce from the lows of Friday. So anywhere close to 94 to 100 sort of levels is a good range to exit Unitech, especially you are stuck earlier or you bought on Friday. So that would be a range for me. You sell between 94 and 101 and your lower target should be back to 86 and 80. Even weaker than Unitech is DLF because that actually went and made a fresh low in the fall of Friday. When I say fresh low to October end lows. That is more weaker, so 388 to 402 would sort of be the profit booking or exiting zone if you are stuck with a view that the stock will fallback to about 370 and 353 levels.

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'Emerging mkts to provide strong returns'

Allan Conway , Head, Emerging Markets, Schroders believes emerging markets will continue to be strong performers in the next year too. He believes the decoupling process is well and truly on. Here is the full transcript of his chat with ET Now: ( Watch Video ) It appears that at global level, markets are now ready to buy risk because of dollar carry trade, significant inflows are now coming to emerging markets? The first thing I would point out is that when we talk about buying risk, in the past investors viewed emerging markets as risky assets. The fact is there has been a re-appraisal of risk in the marketplace. We would actually argue that the risky assets now are the US equities, European equities, Japanese equity markets. The safe haven equity markets are actually now the emerging countries and this re-appraisal of risk is causing a lot of increased interest in emerging market investment. One of the things that I do in some of the presentations I make is I give investors an example of a country, I call it country X which has very bad fiscal position, poor current account, depreciating currency, low level of reserves, high reliance on foreign capital to finance its debt and I asked investors which they thing country X is and in the past everyone would have said that is an emerging country. Today that country is the US. The US today looks more like an old fashioned emerging country and today’s emerging are much-much stronger. So there is re-appraisal of risk now going on in the marketplace we believe. But if you really analyse a market like India, we have got $15 billion of institutional inflows in the year 2009 and that is some kind of a record, how much do you think the current inflows for Indian market are actually because of dollar weakness? You must remember that the inflows you are seeing this year are after some very significant outflows last year. If we take emerging as a whole, the data we see is the money that is coming to emerging in total this year is only a fraction more than the total that came out last year. So net over the two years it actually broadly flat. Now obviously the weak dollar has encouraged the carry trade, positions that you are starting to see. However we would argue that a lot of the money going into emerging markets is now particularly coming from institutions rather than retail because institutions are now looking at emerging as strategic investments rather than tactical. So carry trade has a real but much more important has been this reappraisal of exposure to emerging and acknowledging that they are much stronger than the developed and institutions moving to a strategic allocation. To actually draw parallel here, the yen carry trade lasted for years before it went burst, what is your sense, will the dollar carry trade also perhaps exist and coexist for another five six years more before it actually fades away? We should expect to continue to see dollar weakness. There will obviously be short time periods, short periods where the dollar has a bounce but there are three underlying factors that would give you ongoing dollar weakness, one is obviously the economy that is low growth, high debt, underlying, weak economy in the US, indeed this crisis is probably knocked off 50 basis points from their trend growth.

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Src: Economictimes.Com

Srisai's Instinct Stock Calls for Dt: 04.11.2009

Srisai's Instinct Stock Calls for Dt: 04.11.2009


This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...


Nifty Future cmp 5132


NFut struggles to cross 5181 levels... LOng only above this level... Supports at 5114-5052-5056 levels...


ACE: cmp 34

Buy For Investments... Supports @ 31.8-29.4 levels... Resi @ 36-38 levels..


Polaris cmp 191


I think Stock has cross crucuial resi @ 185-188 levels... As long as this level holds, then could see further upside...



Sunflag Iron: cmp 25.3

This stock everytime bounces to 27 levels and returns ..... Will this break that level and Breakout?????


Rcom: cmp 179

(Outside call)

If breaks 182-185 with good volumes, then could see a 10-15 % upside... StopLoss at 174..



By

Srisai..