RAJESH’S MARKET WINDS FROM RELIABLE SOURCES DT:14.08.07

RAJESH’S MARKET WINDS FROM RELIABLE SOURCES DT:14.08.07

Mangalore Chemicals
(TICKER CODE: 530011)
A knowledgeable market observer is bullish on Mangalore Chemical and Fertilizers, which is a part of UB group, and is the biggest manufacturer of chemical fertilizers in the state of Karnataka. According to him there is a buzz in the inner circle of the company about some major strategic development in the company, which has recently announced forming of a wholly owned subsidiary MCF Intl to explore new areas in various sectors. This will explore synergies with other group companies. The observer is of the opinion that for short and medium term this stock presents a very good investment opportunity with very limited downside.
(FV Rs 10, H/L Rs 30/11, CMP Rs 29)
Gujarat Sidhee Cement
(TICKER CODE : 518029 )
A well known market operator who is known for picking up undervalued shares is reportedly betting big on Gujarat Sidhee Cement. The company is part of the diversified Mehta group which is incidentally the promoter of Saurashtra Cement. The company is strategically located near two ports- Porbandar and Pipavav. With the buzz of consolidation in the cement sector, GSC will be a strategic fit for any biggies. The operator is known for his shrewd judgment. Investors can look at this counter with short and medium term perspective.
(FV Rs 10, H/L Rs 29/16, CMP Rs 24)
Crest Animation
(TICKER CODE : 526785)
Crest Animation, India’s leading player in digital animation space, is promoted by one of the country brilliant technocrats Dr Rammana. According to an analyst tracking this company, the coming couple of years will be highly encouraging for the company as it will be completing few major projects in hand. The share is currently trading at Rs 108, which is around 2.5 times its book value. The analyst is recommending this company to his friends and associates to accumulate at every decline.
(FV Rs 10, H/L Rs 159/89, CMP Rs 108)
Taneja Aerospace
(TICKER CODE: 522229)
A fund manager with a FII is in favour of Taneja Aerospace. The FII, known to take aggressive and long-term position in stocks it enters into, is rumored to be very active on this counter. The company, a part of the Indian seamless group, is India’s only manufacturer of aircrafts in private sector. It has also diversified into aviation infrastructure space having signed an MOU with Sabena Technics to set up an MRO facility in Bangalore. With the frantic growth happening in aviation industry, the company is well poised to utilize its expertise and will have an early mover advantage. Investors can add this stock to their portfolio with long term view as it has potential to multiply manifolds, the fund manager suggest.
(FV Rs 5, H/L Rs 291/127, CMP Rs 169)
Punj Llyod
( TICKER CODE 532693 )
A Delhi bull operator is very bullish on Punj Llyod, which has had a fantastic run this year. According to him, this stock will soon become one of the market leaders. The company has got its largest order ever, valued at USD 290 million, for the Libyan pipeline, which will enable the company to set a strong foothold in Maghreb and Africa. For the quarter ended June 2007, it has posted sales of Rs 707 crore with profits of Rs 21.2 crore as against sales of Rs 389 crore and profit Rs 19 crore in the corresponding period last year. The bull is recommending buy at every decline.
(FV Rs 2, H/L Rs 303/136, CMP Rs 275)
Omaxe
(TICKER CODE : 532880 )
The recent fall in the real estate stocks has adversely affected the issue of Omaxe, which made its debut in an environment of turmoil in the market. An analyst attached to a large FII sees this as a perfect opportunity for entering into this counter which is among the biggest players in this sector. The stock is currently trading around Rs 345 which is still above its issue price of Rs 310.The analyst recommends this counter with a two-year prespective.
(FV Rs: 10, H/L Rs 410/325, CMP Rs 345)
Jaysynth Dyestuff
(TICKER CODE: 506910)
A well-known market operator is recommending Jaysynth Dyestuff. According to him the company will soon come out of the BIFR as the ICICI Bank, which has been appointed as the operating agency to oversee the revival and restructuring of the company is busy finalising the revival strategy. The share is currently trading at Rs 10, the book value of the stock is Rs 14.5. For the quarter ended June 2007, the company posted sales of Rs 21.5 crore with profits of Rs 90 lakh, as against sales of Rs 1.8 crore and profit Rs 27 lakh in the corresponding period last year.
(FV Rs 1, H/L Rs 12/5, CMP Rs 10.75)