Stock Calls

Heard on Street: Inox up on stake sale buzz

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

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Stock Picks from Various sources

19 Jul 2010 | 15:07

Technical Picks – Stocks

Recommended Action for Pantaloons Retail, Vijaya Bank & BRFL is Buy

 

 

 

19 Jul 2010 | 17:07

Dividend Yield Stocks

List of companies that have announced dividends for FY10

 

 

19 Jul 2010 | 11:07

Midfield Industries Ltd

MIL is amongst the few players in the organized segment of packaging industry

 

 

 

RESULT ANALYSIS: Canara Bank 

 

 

 

STOCK ANALYSIS: Aqua Logistics 

 

 

 

 

Src: HDFCSEc, Smartinvestor.in

 

 

 

 

Morning calls

Views on Stocks: HDFC, S Kumars, Sesa Goa, SBI, Infosys 

 

 

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.

Do not expect a huge correction in very short term: UR Bhat, MD, Dalton Capital Advisors
17 Jul 2010, 1727 hrs IST

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 

 

Stocks in News: IDFC, RIL, Bafna Pharma... 

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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 

 

Stock Views 2

7 momemtum calls from Sharekhan 

IDBI Bank

 

UTV Software Communications

 

Union Bank of India

 

Sun Pharma

 

Tata Consultancy Services

 

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Stock and Market Views

TECHNICAL ANALYSIS: Index Outlook: Entering a bumpy terrain

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' ...

STOCKS: Wipro: Buy

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) ...

STOCKS: PNB: Buy

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 ...

OPEN OFFERS: ABB — Open Offer: Sell

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 ...

STOCKS: HPCL: Hold

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 ...

STOCKS: Simplex Infrastructures: Buy

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 ...

TECHNICAL ANALYSIS: Index Strategy: Covered call on Nifty

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 ...

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Morning views

Heard on the Street: Godrej Properties

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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LIC demands higher offer price for ABB

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.

HDFC: Chugging along 

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

Is it Possible????Dow Headed to 5000 -Charles Nenner Says

Get out while you can! Dow headed to 5000: Charles Nenner-

Get Out While You Can! Dow Headed to 5000, Charles Nenner Says

Posted Jul 15, 2010 07:30am EDT by Peter Gorenstein in Investing

Related: ^dji, ^gspc, spy, ^ixic, qqqq, dia, iwm

Enjoy the recent stock market rally while it lasts. Market forecaster Charles Nenner tells Tech Ticker stocks will peak in about a month and then head south for the year.

“After late August I expect the market to go down again,” and eventually test the March 2009 lows in the next few years, he says on the phone from Israel. Therefore, long-term investors would be wise to use this rally as an opportunity to get out of stocks. “I see this as a bear market rally,” he says comparing the U.S. market to Japan – a prolonged bear market with wild fluctuations.

Until the end of August, stocks will trade in a tight range, he predicts. His near term upside target is 1155 on the S&P 500, but that’s only if it first breaks 1100. If the market finds resistance and closes below 1085, it could spell trouble.

It’s worth paying attention to Nenner's warning. As Seeking Alpha contributor Cliff Wachtel points out, Nenner has a pretty good track record with his recent calls:

• In early 2009, when markets appeared on the brink of collapse, Nenner said the S&P 500 was going from 660 to over 1000 within the coming year.

• In early 2009, he foretold gold’s 6-month run from June in the low $900s to $1220, within mere dollars of its ultimate peak at $1225.

• More recently, in December 2009 he called the top in U.S. stocks within 4 days.

His advice for the average investor: “You don't want to get in the market,” he says. “For the next couple of years, just be happy if you don’t lose money.”

When will it be safe to go back in the water? Not until the market experiences a lot more pain, he forecasts. Don’t bet on stocks for the long haul, “until you get below 7000. And preferably if you wait till 5000, which is my downside target on the Dow Jones.”

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Other articles

India gets its own symbol for Rupee 

Tata Consultancy Q1 net up 21%, beats forecast 

Q1 Results:			http://economictimes.indiatimes.com/News/News-By-Company/Earnings/earnings/75410.cms

Src:ET and Yahoo finance

Morning calls

 Revved up for robust growth

Hotel Leela Venture: Breathing easy

Sun TV Network: Spreading the light 

Still a difficult call

 

Heard on the Street: IPO grading

  

Tata Communications rises on global JV talk
Shares of Tata Communications rose 2.8% to Rs 289.20 on Wednesday in a weak market on speculation the company is close to announcing a joint venture deal with a global telecom player. The market buzz is that the deal is likely to be announced by this weekend. The stock’s rally also fanned a rumour that the path has been paved for Tata Communications to sell its surplus 770- acre land. The “value-unlocking” story of the company’s land has been attributed for any rise in the stock in the past. Brokers said the move can help the company retire debt and also benefit minority shareholders. The stock, which has risen around 5% in the past two days, has largely underperformed the market this year.

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Stock and Market views

Round up for weekly Derivatives

Bullish Outlook on DCHL, Hexaware

 Trading desk

IDFC
Current Price: Rs 189.5
Target Price: Rs 195

The stock has seen a V-shaped surge from a recent bottom around Rs 140. It has developed very strong volume action in the past couple of sessions. The target on this formation should be about Rs 195 and it could go further. Keep a stop at Rs 185 and go long. Increase the position between Rs 192 and Rs 194, and reset the stop-loss to Rs 190. Start booking profits above Rs 195. If you can hold for three sessions, set a target of Rs 205-210.

TCS
Current Price: Rs 775
Target Price: Rs 760

The stock has seen heavy selling and this trend could continue. It has a three-session target of around Rs 745, but there is support at Rs 760, where the scrip should rest today. Keep a stop at Rs 780 and go short. Increase the position between Rs 769 and Rs 771. Below Rs 762, start booking profits. If you want to hold an "overnight", keep a target of Rs 745 and a stop-loss at Rs 770.

The target price and projected movements given above are in terms of the next one trading session unless otherwise stated

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