17 August 2010
Stock Calls
The New Look
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AIA Engineering
Simplex Infrastructure, Tata Steel, Polyplex Corporation
Src: HDFCSEC, DP blog, Niftycharts & Patterns blog etc
15 August 2010
Sizzling Stocks: TATACOM, RAYMOND
The stock found key long-term support in the band between Rs 230 and Rs 240 in early June 2010 and has been on a short-term uptrend. It surged more than 6 per cent on Monday, this bullish momentum prolonged till the stock ended end the week with a 20 per cent gain. The weekly volume is extra-ordinary. The stock is currently testing significant long-term resistance in the zone between Rs 330 and Rs 340. Strong weekly close above this zone will take the stock ahead to Rs 370 and to Rs 390 in the medium-term.
Inability to surpass the resistance zone in the near-term will drag the stock lower to its immediate support level of Rs 295–300 range. Key support below this level is at Rs 270.
Raymond (Rs 374.9)
Raymond was more enthusiastic by gaining Rs 133 or 55 per cent last week. The volume traded was astonishing. From March 2009 low of Rs 68, the counter has been on an intermediate-term uptrend. With previous week's unusual surge, the stock has breached its key long-term resistance at Rs 350 conclusively. Immediate resistance for the stock is at Rs 400 and Rs 410 band. Both the daily and weekly relative strength indices have entered in to the overbought territory signalling near-term cautiousness. Therefore, a reversal from the current levels can pull the stock down to Rs 350 or to Rs 310 in the medium-term. On the other hand, as long as the stock trades above Rs 280, it has the potential to reach target of Rs 460 and Rs 480 in the long-term. — Yoganand D.
TECHNICAL ANALYSIS: Index Outlook: Heavyweights to the rescue
Odds piled up against the progress of the ongoing rally last week. Slowing economic growth in the US and Europe, domestic first quarter earnings doing likewise and indices nearing critical resistance caused a mid-week wobble in the ...
Odds piled up against the progress of the ongoing rally last week. Slowing economic growth in the US and Europe, domestic first quarter earnings doing likewise and indices nearing critical resistance caused a mid-week wobble in the ...
13 August 2010
Heard on the street: Timken, Tata Motors
Delisting buzz sends Timken shares soaring
Shares of Timken India have risen around 29% so far in August on speculation the company may delist after buying back shares from public shareholders. Parent Timken Company holds around 80% in the Indian arm. The rumour doing the rounds is that a prominent Kolkata-based broker is active in the stock, which rose 8.5% to Rs 172.80 on Thursday. But some feel this is unlikely, as this broker is not known to take big bets in themes such as share buybacks.
A broker said the recent rally may have been in anticipation of good results in the June quarter, which was announced on Wednesday. Timken’s net profit rose about 80% to Rs 17.4 crore compared with the same quarter last year.
‘Smart’ operators seen exiting Tata Motors
SHARES of Tata Motors have been one of the best performers among large caps in the past three sessions, after the company’s earnings exceeded expectations. The buzz is that many of the astute names on Dalal Street, including a young broker who shot to fame in the past couple of years, and a suave broker who appeared on television frequently, have been active in the stock, of late.
If the talk of these players being active in the stock is true, investors in Tata Motors may have to brace for a sharp fall as and when they dump the stock. The stock, which rose 1.7% to a new high of Rs 1,024 on Thursday, has risen around 21% in the past six sessions.
Stake sale talk keeps HNIs busy with Mudra Lifestyle
High net worth investors have been buying shares of Mumbai-based integrated textile firm Mudra Lifestyle, of late. Grapevine has it that the company may sell a strategic stake to another textile firm. A senior company official declined to comment on the matter.
There is also talk that the treasury desk of a domestic PSU bank has bought a couple of lakh shares a few days ago. Brokers tracking the stock said that the company has recently completed its capex with an investment of over Rs 300 crore. The stock closed at Rs 48, up over 2% from the previous close.
A global PE may pick up stake in Shilpa Medicare
A GLOBAL private equity fund is likely to pick up a 10% stake in Raichur-based Shilpa Medicare for close to Rs 100 crore. The firm, which manufacturers and exports active pharmaceutical ingredients, fine chemicals and herbal products, is expected to make a preferential allotment to the private equity fund, said a person close to the development.
Shares of Shilpa Medicare rose 1% to Rs 351.30 on Thursday. It is learnt that Money Matters Investment was the advisor to the company for the proposed deal.
Contributed by Nishanth Vasudevan, Apurv Gupta & Reena Zachariah.
Shares of Timken India have risen around 29% so far in August on speculation the company may delist after buying back shares from public shareholders. Parent Timken Company holds around 80% in the Indian arm. The rumour doing the rounds is that a prominent Kolkata-based broker is active in the stock, which rose 8.5% to Rs 172.80 on Thursday. But some feel this is unlikely, as this broker is not known to take big bets in themes such as share buybacks.
A broker said the recent rally may have been in anticipation of good results in the June quarter, which was announced on Wednesday. Timken’s net profit rose about 80% to Rs 17.4 crore compared with the same quarter last year.
‘Smart’ operators seen exiting Tata Motors
SHARES of Tata Motors have been one of the best performers among large caps in the past three sessions, after the company’s earnings exceeded expectations. The buzz is that many of the astute names on Dalal Street, including a young broker who shot to fame in the past couple of years, and a suave broker who appeared on television frequently, have been active in the stock, of late.
If the talk of these players being active in the stock is true, investors in Tata Motors may have to brace for a sharp fall as and when they dump the stock. The stock, which rose 1.7% to a new high of Rs 1,024 on Thursday, has risen around 21% in the past six sessions.
Stake sale talk keeps HNIs busy with Mudra Lifestyle
High net worth investors have been buying shares of Mumbai-based integrated textile firm Mudra Lifestyle, of late. Grapevine has it that the company may sell a strategic stake to another textile firm. A senior company official declined to comment on the matter.
There is also talk that the treasury desk of a domestic PSU bank has bought a couple of lakh shares a few days ago. Brokers tracking the stock said that the company has recently completed its capex with an investment of over Rs 300 crore. The stock closed at Rs 48, up over 2% from the previous close.
A global PE may pick up stake in Shilpa Medicare
A GLOBAL private equity fund is likely to pick up a 10% stake in Raichur-based Shilpa Medicare for close to Rs 100 crore. The firm, which manufacturers and exports active pharmaceutical ingredients, fine chemicals and herbal products, is expected to make a preferential allotment to the private equity fund, said a person close to the development.
Shares of Shilpa Medicare rose 1% to Rs 351.30 on Thursday. It is learnt that Money Matters Investment was the advisor to the company for the proposed deal.
Contributed by Nishanth Vasudevan, Apurv Gupta & Reena Zachariah.
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Bharti Airtel, India Banks, Bajaj Hindustan
Hercules Hoists
Tata Motors, Bharti Airtel, India Banking
JBF Industries
Daily Fundamental Report - Aug 13 2010
Daily Technical Report - Aug 13 2010
GMR Infrastructure
Daily Technical Report - Aug 13 2010
Daily Market Outlook - Aug 13 2010
Src: DP blog, ET
12 August 2010
Stock calls
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.
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
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