MARKET RUMOURS FROM RELIABLE SOURCES BY RAJESH

ABG Shipyard
(TICKER: 532682)
A stock market veteran is very positive on ABG Shipyard, enaged in ship building and ship repair activities. According to him any discernible investor should have the scrip in his portfolio with long term perspective .The stock is currently trading at Rs 526 with PE of 23.1 with book value of Rs 84.23.The stock should be accumulated at every decline, opines the veteran.
(FV Rs10,H/L Rs 538/199, CMP Rs 526)
Prime Securities
(TICKER: 530017)
A research analyst with a large FII is recommending Prime Securities, for short to medium term investment. The broking and investment banking sector which has got lots of buzz with international players looking to establish their presence in India and existing ones keen to expand, is ripe with takeover and M&A news. Prime is one of the established players in this field. The company has reported a 20% rise in earnings for the quarter ended June, 2007, to Rs 10.5 crore from Rs 8.8 crore in the same quarter last year. According to the analyst, this script would be a good bet for short and medium term.
( FV Rs 10, H/L Rs102/33.5, CMP Rs 80.65)
Bilpower
(TICKER: 513023)
A Mumbai-based equity analyst is recommending the Bilpower for investment. This is a leading power engineering company in India. For this year, it has come out with great numbers, reporting has reported sales of Rs 245.8 crore in FY07, indicating a spurt from 95.21% from the FY06 sales of Rs 126 crore. The PAT for FY07 was also substantially higher at Rs 17.6 crore as against Rs 10.97 crore, showing a growth of 60 %. The EPS for the year was Rs 19.6 (18.3 per cent). The stock is attractively priced as compared to its peers with its PE ratio of 9.90 times. The analyst is betting on the scrip for medium to long term.
( FV Rs 10,H/L Rs 247/61.5, CMP Rs184.85)
Sangam India
(TICKER: 514234)
A leading fund management house is recommending Sangam India. It is the market leader in the Indian PV yarn segment with a market share of 20%. The company is expected to grow at a fast clip in near future. It has created fresh capacity and added value added products, which fetch better margins. For FY07, the company has clocked sales of Rs 555 crore and net profit of Rs 27 crore versus sales of Rs 363 crore and profit of Rs 24.6 crore in FY 06.The stock should be added to ones portfolio as per the fund house view.
(FV Rs 10, H/L Rs 101/ 55.3, CMP Rs 56.25)
OM Metal Infraprojects
(TICKER CODE: 531092)
A well-admired old bull who has now settled in Mumbai after operating for several years in North India, is rumored to have bet big on this counter. The counter is also attracting attention of many FII’s; the limit for FII investment was hit earlier this year. The company is mulling increasing this in the near future. Recently it has secured an order for executing hydro mechanical works for Parbati HE project (stage-III) & Chamera HE project (stage-III) valued at approximately Rs 1,62 crore from National Hydroelectric Power Corporation. The bull is very confident and is advising his associates to bet big on this counter.
(FV Rs 1, H/L Rs 75/ 34.1, CMP Rs 52.8)
Bharat Bijlee
(TICKER CODE: 503960)
According to a Kolkata bull Bharat Bijlee counter should be a market outperformer for the coming year. The company has been performing really well with one of the best returns among the peer group on RONW basis. For the fiscal 2007, it had earned a net profit of Rs 56 crore on a sales turnover of Rs 470 crore. Its book value was Rs 205 (face value Rs 10) and RONW 52 per cent. Another attractive feature in a small equity base-just Rs 5.65 crore with a significant promoter holding.
(FV Rs 10, H/L Rs 2496/ 830 , CMP Rs 2339)
Cable Corporation
(TICKER CODE: 500077)
Knowledgeable market sources strongly recommended Cable Corporation of India, originally promoted by Siemens, Khataus and Thakerseys. Also an old market hand is of the view that this company, which was down in the dumps with its share price reflecting it, has again generated a buzz with story of its revival doing rounds. Also as with many old companies these days, there is news of priceless land in the company’s possession. The old punter is of the view that those with appetite can buy the stock for multiple returns.
(FV Rs 10, H/L Rs 67.8/1.68, CMP Rs 35.05)