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23 August 2010
Sizzling Stocks:
Sizzling Stocks: Ranbaxy (Rs 492.6)
Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average on Wednesday and its key medium-term resistance around Rs 480 on Friday. It appears to have resumed its intermediate-term uptrend that has been in place since March 2009 low of Rs 133.
The stock has the potential to prolong its ongoing rally until it encounters resistance at the Rs 520-530 band. As this resistance band is a significant long-term resistance, the stock may face some difficulty in surpassing it in first attempt. On a strong close above Rs 530, the stock can move higher to Rs 570 in the medium-term. Immediate key supports are pegged at Rs 465 and Rs 440. Long-term key support is at Rs 400.
The stock zoomed 14 per cent last week, accompanied by good volume. After finding support at Rs 1,260 in early June, the stock recommenced its long-term uptrend. It is hovering well above its 21 and 50-day moving averages and testing intermediate-term resistance in the range between Rs 1,825 and Rs 1,856. Presence of key resistance coupled with the daily relative strength featuring in the overbought territory imply short-term cautiousness. Failure to climb past this resistance will drag the stock lower to immediate support at Rs 1,700 or Rs 1,600 in the short-term. However, a decisive move above Rs 1,856 will lift the stock to Rs 1,900. — Yoganand D.
TECHNICAL ANALYSIS: Index Outlook: Sensex marches with Asian peers
The Sensex continued to befuddle all by reversing higher mid-week to record a new 30-month high despite the continued onslaught of negative economic data from overseas. Foreign institutional investors are touted to be the perpetrators of ...
STOCKS: IL&FS Investment Managers (IIML): Buy
STOCKS: Ambuja Cements: Buy
Ambuja Cements, an all-India cement manufacturer that holds a 10 per cent share of the cement market in India, can be considered for investment at the current market price of ...
STOCKS: ICRA: Buy
Investors with a three-year horizon can be consider accumulating the stock of ICRA, a credit rating agency with a presence in consultancy, advisory, information and IT services. The company may continue to deliver strong earnings growth with ...
IPOS: Gujarat Pipavav Port — IPO: Invest at cut-off
Investors with a three-four-year perspective can subscribe to the initial public offerof Gujarat Pipavav Port (GPPL). The strong parentage of A.P Moller-Maersk group, strategic location and fast growth in volumes, albeit on a low base ...
TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 988.1)
RIL marked an intra-week low of Rs 959 and bounced up advancing Rs 9 late in the week. The stock almost declined to our first support level of Rs 957 and leaped up slightly. As the stock failed to move below Rs 957, it has signalled caution, ...
TECHNICAL ANALYSIS: Sizzling Stocks: Ranbaxy (Rs 492.6)
Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average ...
Taking support at Rs 440, Ranbaxy turned red-hot and witnessed a spectacular rally over the week by gaining 11 per cent. There has been an increase in volumes over the past four trading sessions. The stock breached its 200-day moving average ...
TECHNICAL ANALYSIS: Nifty calendar spread
Index strategy. With current month derivative contracts slated for expiry in the coming week, trading in F&O could be ridden with high risks. While it is best to stay away from trading this week, traders with a penchant for risk can consider ...
Index strategy. With current month derivative contracts slated for expiry in the coming week, trading in F&O could be ridden with high risks. While it is best to stay away from trading this week, traders with a penchant for risk can consider ...
TECHNICAL ANALYSIS: How to play Cairn news
Stock strategy. Cairn India: The stock turned volatile recently after Vedanta Resources said it would acquire 51-60 per cent in it for $8.5 billion to $9.6 billion. The indication of Rs 405 a share (which includes a non-compete fee of Rs 50) ...
Stock strategy. Cairn India: The stock turned volatile recently after Vedanta Resources said it would acquire 51-60 per cent in it for $8.5 billion to $9.6 billion. The indication of Rs 405 a share (which includes a non-compete fee of Rs 50) ...
I had invested in Raymond at Rs 340 and Monsanto India at Rs 1,440. What is the outlook for these companies for the medium- and long-term? ...
Src: Businessline
Anil Agarwal set to pip Mukesh Ambani as richest Indian
NEW DELHI: The proposed takeover of Cairn Energy's India business could see NRI billionaire Anil Agarwal emerging as the richest promoter of a corporate house ahead of Mukesh Ambani, who has ruled the list for long.
After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy, Anil Agarwal, as head of the promoter family, would command an estimated networth of close to Rs 1,67,000 crore, ahead of Mukesh Ambani at Rs 1,45,275 crore, a comparison of promoter family holding valuations for leading groups reveals.
However, Mukesh-led RIL is a wealthier group than Agarwal's Vedanta, although both are behind the Tatas, whose market capitalisation in terms of listed entities is over Rs 3,70,000 crore.
However, in terms of promoters' wealth, Tata group chief Ratan Tata hardly compares to either Mukesh or Agarwal.
In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India.
Agarwal is now entering oil business through the Cairn India acquisition and his capacity to play to the size could now make competition intense in oil sector.
At the same time, the acquisition would give the Agarwal family double the size of Anil Ambani group (whose promoter wealth currently stands at less than Rs 80,000 crore).
The USD 9.6 billion takeover of Cairn India has already pushed Vedanta group head Anil Agarwal to the second position after Mukesh Ambani in terms of family net worth, measured in terms of value of shares held as promoters in five listed group companies.
Add to this, the value of shares he holds in aluminium major Balco and IPO-bound group firm Sterlite Energy, the promoter family wealth of Anil Agarwal group could rise to nearly Rs 1,66,938 crore.
In comparison, the promoter family wealth of Mukesh Ambani group currently stands at Rs 1,45,276 crore, based on the value of promoter holdings in two listed group firms Reliance Industries and Reliance Industrial Infrastructure.
After the acquisition of Cairn India and a proposed IPO of group firm Sterlite Energy, Anil Agarwal, as head of the promoter family, would command an estimated networth of close to Rs 1,67,000 crore, ahead of Mukesh Ambani at Rs 1,45,275 crore, a comparison of promoter family holding valuations for leading groups reveals.
However, Mukesh-led RIL is a wealthier group than Agarwal's Vedanta, although both are behind the Tatas, whose market capitalisation in terms of listed entities is over Rs 3,70,000 crore.
However, in terms of promoters' wealth, Tata group chief Ratan Tata hardly compares to either Mukesh or Agarwal.
In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India.
Agarwal is now entering oil business through the Cairn India acquisition and his capacity to play to the size could now make competition intense in oil sector.
At the same time, the acquisition would give the Agarwal family double the size of Anil Ambani group (whose promoter wealth currently stands at less than Rs 80,000 crore).
The USD 9.6 billion takeover of Cairn India has already pushed Vedanta group head Anil Agarwal to the second position after Mukesh Ambani in terms of family net worth, measured in terms of value of shares held as promoters in five listed group companies.
Add to this, the value of shares he holds in aluminium major Balco and IPO-bound group firm Sterlite Energy, the promoter family wealth of Anil Agarwal group could rise to nearly Rs 1,66,938 crore.
In comparison, the promoter family wealth of Mukesh Ambani group currently stands at Rs 1,45,276 crore, based on the value of promoter holdings in two listed group firms Reliance Industries and Reliance Industrial Infrastructure.
Project stake sale buzz puts BF Utilities on fast track
BF Utilities has been in the thick of action, of late, on talk that the company is selling a stake in its Bengaluru-Mysore expressway project to a private equity investor. The buzz is that the project, which has been stuck due to political hurdles, has been valued at Rs 1,200-1,500 crore.
Late July, the stock was speculated to be accumulated by the Silent Operator and the Rar(e)ing Bull on talk that the Supreme Court ruling on the project was expected in August. The Karnataka government filed an affidavit rejecting the demand of BF’s arm, Nandi Infrastructure Corridor Enterprise (NICE), for an additional land of 776 acres within the Bengaluru municipal limit.
Now, the fresh bit of rumours doing the round is that BF Utilities is in advance talks with Anil Dhirubhai Ambani Group (ADAG) and IDFC PE to sell similar stake in the second-and-third phase of the corridor project. Senior company officials denied any such development.
“We don’t want to comment on market speculation. For the record, we’ve not decided anything on stake sale in the Nandi Corridor project,” said Ashok Kheny, managing director, NICE. Shares of BF Utilities ended 8% higher at Rs 1,087 on the BSE on Friday.
Bilcare rises over 4% as Q1 earnings lift sentiment
Shares of Bilcare rose 4.3% to Rs 536.15 on Friday amid talk the Rar(e)ing Bull and associates are accumulating the stock. Analysts said better-than-expected first quarter earnings have boosted sentiment in the stock.
Broking firm Jaypee Research has maintained its ‘buy’ rating on Bilcare with a target price of Rs 663, post results.
Contributed by Shailesh Menon & Harish Rao
BF Utilities has been in the thick of action, of late, on talk that the company is selling a stake in its Bengaluru-Mysore expressway project to a private equity investor. The buzz is that the project, which has been stuck due to political hurdles, has been valued at Rs 1,200-1,500 crore.
Late July, the stock was speculated to be accumulated by the Silent Operator and the Rar(e)ing Bull on talk that the Supreme Court ruling on the project was expected in August. The Karnataka government filed an affidavit rejecting the demand of BF’s arm, Nandi Infrastructure Corridor Enterprise (NICE), for an additional land of 776 acres within the Bengaluru municipal limit.
Now, the fresh bit of rumours doing the round is that BF Utilities is in advance talks with Anil Dhirubhai Ambani Group (ADAG) and IDFC PE to sell similar stake in the second-and-third phase of the corridor project. Senior company officials denied any such development.
“We don’t want to comment on market speculation. For the record, we’ve not decided anything on stake sale in the Nandi Corridor project,” said Ashok Kheny, managing director, NICE. Shares of BF Utilities ended 8% higher at Rs 1,087 on the BSE on Friday.
Bilcare rises over 4% as Q1 earnings lift sentiment
Shares of Bilcare rose 4.3% to Rs 536.15 on Friday amid talk the Rar(e)ing Bull and associates are accumulating the stock. Analysts said better-than-expected first quarter earnings have boosted sentiment in the stock.
Broking firm Jaypee Research has maintained its ‘buy’ rating on Bilcare with a target price of Rs 663, post results.
Contributed by Shailesh Menon & Harish Rao
Src: ET
20 August 2010
Monring calls
Keeping Fingers crossed
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PVR Cinemas
Sun Pharma
Tech Mahindra, India Economy
Intra-day technical calls
F&O calls for intra day
Aurobindo Pharma: Right diagnosis
Royal Orchid: Steady expansion
Src: Brameshtech. DP blog , Marketcalls, SOM blog
19 August 2010
Market and Stock Views
Pre Market - Aug 19 2010
Daily Technical Report - Aug 19 2010
Daily Market Outlook - August 19 2010
LIC Housing Finance, Tata Motors
India Telecom - situation improving ?
India China - new Tigers
Higher MSCI weightage buzz lifts Tata Motors
Shares of Tata Motors have been among the best performers in the large-cap space, of late, aided by strong first-quarter results. The stock on Wednesday closed at a record high of Rs 1,047.60, up 4.19% over the previous trading session, supported by good trading volumes. The buzz is there will be an increase in the weightage of the stock on the MSCI World Index, which is widely tracked by global fund managers for their investment decisions. Currently, the stock has a weightage of 1.84%, which is expected to be increased to 2.15% by the end of this month. Some of the astute names on Dalal Street and institutional investors have also accumulated the stock in the past few trading sessions.
Bank shares shine as investors load up
Bank shares have been the rage over the past few sessions, as several domestic fund houses, savvy traders and even the treasuries of some banks have been loading up on them. The mutual fund arm of a bank, usually known for its conservative stance, is said to have mopped up nearly three lakh shares of State Bank of India a couple of days ago. The treasury of a bank headquartered in the state referred to as the ‘granary of India’, too, is said to have bought a sizeable chunk of SBI shares earlier this week. Some of the investors with a more conservative view are said to be loading up on Bank Nifty futures. On Wednesday, Bank Nifty hit a 52-week high of 10,931.65, before closing at 10,894.05. Bank Nifty August futures closed at 10915, and were among top-10 most actively-traded derivatives contracts on the NSE.
‘Big Daddy’ bets big on RIL while Street plays safe
Reliance Industries (RIL) has been among the top ‘trading sells’ of several traders, of late, with some even betting on a fall in the stock below Rs 900. But the ‘Big Daddy’ of the domestic insurance industry has taken a contrarian view on the stock. Market sources said that the insurer was a sizeable buyer of the stock on Wednesday. But brokers said that the move is not of any major significance, as the insurer is known for picking up underperforming shares. The stock, which enjoys the highest weightage on the benchmark indices, dropped 0.6% to Rs 964.75 on Wednesday in a firm market. The stock has fallen about 6% so far in August while the Sensex has gained 1% during the period. There have been concerns among investors about the company flooding the market with another round of treasury share sales as part of its attempt to raise money.
Contributed by Harish Rao, Santosh Nair & Nishanth Vasudevan
Shares of Tata Motors have been among the best performers in the large-cap space, of late, aided by strong first-quarter results. The stock on Wednesday closed at a record high of Rs 1,047.60, up 4.19% over the previous trading session, supported by good trading volumes. The buzz is there will be an increase in the weightage of the stock on the MSCI World Index, which is widely tracked by global fund managers for their investment decisions. Currently, the stock has a weightage of 1.84%, which is expected to be increased to 2.15% by the end of this month. Some of the astute names on Dalal Street and institutional investors have also accumulated the stock in the past few trading sessions.
Bank shares shine as investors load up
Bank shares have been the rage over the past few sessions, as several domestic fund houses, savvy traders and even the treasuries of some banks have been loading up on them. The mutual fund arm of a bank, usually known for its conservative stance, is said to have mopped up nearly three lakh shares of State Bank of India a couple of days ago. The treasury of a bank headquartered in the state referred to as the ‘granary of India’, too, is said to have bought a sizeable chunk of SBI shares earlier this week. Some of the investors with a more conservative view are said to be loading up on Bank Nifty futures. On Wednesday, Bank Nifty hit a 52-week high of 10,931.65, before closing at 10,894.05. Bank Nifty August futures closed at 10915, and were among top-10 most actively-traded derivatives contracts on the NSE.
‘Big Daddy’ bets big on RIL while Street plays safe
Reliance Industries (RIL) has been among the top ‘trading sells’ of several traders, of late, with some even betting on a fall in the stock below Rs 900. But the ‘Big Daddy’ of the domestic insurance industry has taken a contrarian view on the stock. Market sources said that the insurer was a sizeable buyer of the stock on Wednesday. But brokers said that the move is not of any major significance, as the insurer is known for picking up underperforming shares. The stock, which enjoys the highest weightage on the benchmark indices, dropped 0.6% to Rs 964.75 on Wednesday in a firm market. The stock has fallen about 6% so far in August while the Sensex has gained 1% during the period. There have been concerns among investors about the company flooding the market with another round of treasury share sales as part of its attempt to raise money.
Contributed by Harish Rao, Santosh Nair & Nishanth Vasudevan
Src: ET, DP blog , Brameshtech blog
18 August 2010
Stock calls
Trading Calls - Aug 18 2010
Daily News Roundup - Aug 18 2010
Supreme Infrastructure
India Real Estate Sector
Cipla, Dishman Pharma, IRB Infrastructure
ABG Shipyard, Adhunik Metalliks, Bartronics, Cairn India, Dishman Pharma, Garware Offshore, Koutons Retail, Nitin Fire Protection, Shree Cement, SBI
Cairn India, India Banks, Oil and Gas, Lanco Infratech, Suzlon Energy
Src: DP blog, Myiris.com
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
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