Kajaria ceramics

one more out of its down trend........................

Kajaria ceramics can be bought at around cmp 29 with a stoploss of below 27 and hold for a short time. Resistance is around 35. All the best

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Asian Oil field

Buy Asian oil field bse number 530355 at 110-115. The stock is being accumulated and a can see 140-160 in a short time Keep a stop loss of 95 for investment. All the best Read more!

MARKET AT NEW HIGH

Markets are at new high. I feel it is most prudent to book as much profit as you can tomorrow at highs and reenter next week. The court decision in Reliance case is posted on Monday. Watch out for its repurcusions on market if the verdict is adverse. On the whole it is best for all individual small investors to be very cautious at this stage. I am not trying to be pessimistic but only pointing out that at this stage the risk reward ratio is rather unfavourable. All the best. Read more!

VIEW FOR A WEEK TO TEN DAYS

There is a reliable news of a fund buying PSTL (PYRAMID SAIMIRA) A small quantity can be taken in delivery between 328-335 This call is not chart based hence no stop loss will be given Determine a fixed percetage stoploss of your own personal appetite for risk. The target is above 375 and upto 400. Be cautious . Avoid aggresive buying. All the best Read more!

Assam Company BSE-500024 NSE-ASSAMCO

This is purly on technicale basis and needs strict stop loss of 15.95 so its risk reward is 1:5 above 18 it can see 22 last close 17

my discloser:- i have no hiolding in thins script

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HAPPY TRADING

courtesy:rohit bhai,b'lore

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TODAYS TRADING LEVELS FOR SOME FAVOURITES

GOOD MORNING ALL,

ARVIND MILLS : Above 45, ultimate target 52,55 and above

RNRL : Today it will take support 39.50, upper side crossover 41.80, it can move up to 43, 44 + Unexpected price in next 6 months. All small investors, buy on every decline and ride for money. It will touch 100 mark.

GMR INFRA It will take support 778, upper side crossover 790, it can move up to 811 and above.

INFOSYS: Today it will take support 1996, 1972 and break below, real panic will start, upper side sustained above 2040 over all positive bias and strong buying force will emerge

SAIL : Today support 134, above 138 over all buying expected

Reliance : Real strength show only above 1715, 1750. today buy above 1705 with stop loss 1690, upper side it can move up to 1713,thereafter 1725


NSE : Major support 4260. Heading towards 4500 + Today it will face resistance 4411, 4435, down side it will take support 4380 and sustained down side target 4340 and below

BSE : It will face resistance 15030, 15094, down side it will take support 14945 and break below it will come down up to 14881, 14800

CNX, IT : It will face resistance 5327, 5360, down side it will take support 5280, 5247, 5200


happy trading

FLASHING NEWS :
Infosys Q1 Cons Net Sales up at Rs 3,773 Cr from Rs 3,772 Cr (QoQ); Cons Net Profit dn at Rs 1,079 Cr from Rs 1,144 Cr
Infosys has reported its numbers. The Q1 Consolidated Net Sales are up at Rs 3,773 Cr from Rs 3,772 Cr (QoQ). The Cons Net Profit is down at Rs 1,079 crore from Rs 1,144 crore.
Infosys had given Q1 revenue guidance of Rs 3,896-3,913 crore. It had given Q1 Net Profit guidance Of Rs 1,005.37 Cr. Read more!

Torrent cable (BSE-504096)

Buy with sl below 190 on closing basis.......looks cheapest in power cables with its ttm.....trading at PE of 7 to 7.5........7.5cr equity .....promotor holding 63%.....book value 88.6........operating profit margin 19%........cash earning per share a whopping 30.1

courtesy:- Vishnu bhai, Honawar

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TRADING CALLS FOR 11.7.07

AUTO & SOFTWARE STOCKS NOW SHALL RE-CHARGE THE EXHAUSTED MARKET TRADING CALLS :BUY TATA MOTORS,MARUTI,INFOSYS,SATYAM FOR TOMORROW

courtesy:firdaus bhai , ahmedabad Read more!

Rope ready to lift price

BSE ticker code 509557 NSE ticker code GARWALLROP Major activity Textile-Others............Chairman R B Garware........ Equity capital Rs 20.71 crore........... 52-week high/low Rs 156/38 (FV Rs 10)CMP Rs 146 Mkt capitalisation Rs 302.37 crore............ Recommendation Buy at declines

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GMR, Limak win Istanbul airport deal

GMR, Limak win Istanbul airport deal {THE DELHI airport... Ramping up non-aero revenues in airports, key to growth. }

GMR Infrastructure, which is currently modernising the Delhi airport and building the greenfield airport at Hyderabad, has bagged the tender for developing the Sabiha Gokcen International Airport (SGA) at Istanbul, Turkey.GMR claimed that it was the first time any Indian airport developer had bagged the tender for the development of an international airport under the build operate and transfer (BOT) model.The $400 million modernisation project will be developed by a consortium including GMR (with a stake of 40%), Limak (40%), a construction company in Turkey and Malaysia Airports Holdings Berhad (MAHB) (20%), which is GMR's partner for the Hyderabad airport.According to sources in GMR, the project will be implemented through a special purpose vehicle, and a seperate company will be formed in the subsequent quarter for the project. The development project involves construction of a new international airport terminal after which the total passenger capacity at the airport will stand at 10 million per annum. Current passenger capacity stands at 3.5 million per annum. Until the new terminal is built, the developers will manage the two existing terminals. Once the international terminal comes into place, the two existing terminals (international and domestic) would be merged into one domestic terminal. The term of concession would be for twenty years. Instead of a revenue sharing model like the Delhi airport, the developers have to pay a concession fee of $2.7 billion over the 20-year period. They, however, do not have to pay any fees in the initial three years.The bidding process was conducted by the Under Secretariat of Defence Industries, Turkey on the basis of technical and financial evaluation. Competitors for the project included major airport developers like Fraport (Germany), Venice Airport (Italy), and Chicago Airport (USA). ABN Amro was the financial advisor on the transaction for the GMR consortium.

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GMR INFRA TARGET DONE TODAY

GMR INFRA TARGET DONE TODAY IN FUTURES HITTED A HIGH OF 800.8 CALL GIVEN @ 653 FOR A SHORT TERM TARGET OF 800, MORE TO COME IN THIS SCRIP, STAY INVESTED ,CHEERS

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RAJESH’S PORTFOLIO CHOICE DT:30th JUNE 2007

RAJESH’S PORTFOLIO CHOICE DT:30th JUNE 2007


ELECTROTHERM (INDIA)
From steel to wheel

BSE ticker code 526608
NSE ticker code ELECTHERM
Major activity Light Engineering
Chairman Mr Mukesh Bhandari
Equity capital Rs 9.13 cr
52-week high/low Rs 592/195 (FV Rs10)
CMP 492
Mkt capitalisation Rs 455.33 cr
Recommendation Buy and accumulate at declines

Electrotherm India (EIL) is an Ahmedabad-based company, with business interests in six segments such as engineering, capital equipments and projects construction, steel /TMT steel, stainless steel, structural & alloys steel bar, ductile iron (DI) pipes and electrical & hybrid vehicle division (YO BIKES).The scrip is worth a look by the investors.
The company is the leader in induction furnace and machinery, catering to the growing ferrous and non- ferrous foundries and metal smelting industry in the country. It is one of the few Indian players who provide turnkey services for setting up medium sized steel plants. Today, over 12 million tonnes of steel is being poured out of the company’s furnace. The company has also successfully designed, developed and commissioned India’s largest induction melting furnace of 8000KW/25 MT.
f EIL manufactures steel of various types ranging from sponge iron, billets, TMT bars and DI pipes. With huge demand coming in with the laying of new and upgrading of extant transmission lines towers (TLT), the company sees huge opportunity in this space and is keen to foray in manufacturing Transmission Lines Towers.
f Indus Elec-trans, a division of EIL manufacturing electric vehicles and hybrid vehicles, has performed exceedingly well. On the sales of YO-BIKES it has cornered major space in electric two-wheeler space. With rising fuel prices and environmental awareness, the demand for electric vehicles is expected to remain robust and the company with its first mover advantage should benefit. The company has plans to invest Rs 200 crore in this division along with increasing the number of dealers from 150 at present to over 400 in a phased manner. Development of electric three-wheelers, four wheelers and hybrid electric low floor buses are on anvil.
f The company is setting up a 30-MW captive power plant for supplying power to the Iron & Steel and Electric Vehicles Plant in at Kutch. This plant will utilize waste gases of sponge iron plant along with lignite. Setting up of this power plant will substantially lower the power cost, resulting in huge financial savings to the tune of around Rs 60 crore annually. The company also expects to earn revenue through sale of carbon credits once the plant becomes operational.
F The company has tied with HYL Technologies, Mexico for setting up gas-based HYL DRI Plant. This will further help the company make inroads in foreign markets.
F The company clocked sales of Rs 730.887 crore with profits of Rs 43.35 crore in 2006-07 as against sales of Rs 337.964 crore with profit of Rs 27.25 crore in the previous year. The management is confident of achieving turnover of Rs 1000 crore in the current financial year ending March 2008. With the stock currently trading at a P/E multiple of 10.63 and at around 4.8 times its book value of Rs 101, there is scope for considerable appreciation in the coming months. n

Ador Fontech
Welding future growth

BSE ticker code 530431
NSE ticker code Not listed
Major activity Electrodes-welding equipments
Chairman R T Malkani
Equity capital Rs 3.50 crore
52-week high/low Rs 107/62 (FV Rs 10 )
CMP Rs 94
Mkt capitalisation Rs 32.90 crore
Recommendation Buy

Ador Fontech is a major player in maintenance welding, which is a niche segment requiring specialised skills. The focus of its activities is to provide metal joining, reclamation welding and surfacing solutions. The company also acts as a value added reseller for many international companies like Alloy Steel International , Australia, Berkhenoll, Germany, CEA, Italy, Cepro Netherlands for their products in India. It supplies products and services to almost all the core sector and several engineering industries. The company is worth adding to one’s portfolio at current levels.
f Strong growth in the manufacturing, shipping and oil industries has increased the need for maintenance welding to make the best use of available resources (machinery, ships and rigs). Moreover, a better demand scenario has led to old machinery and old factories getting back into operation, thereby increasing the demand for maintenance welding. Increased activity in the ship building industry also has boosted demand for specialised and reclamation welding.
f Indian industry is on a high growth path. The company’s user industry segments such as steel and other metallurgical complexes, mining, cement, power etc. have ambitious expansion plans. Basic mineral and metal prices are on the increase. Further, more and more end-users have a need to outsource the reclamation work of their machinery components. Therefore, recycling and life-enhancement will be an increasing window of opportunity.
f Most of the company’s customers are positive on their growth prospects. New products and services as needed by them are also included in the company’s business plans. New customers too are being added to its end-user portfolios. Further the number of steps initiated by the company to improve customer focus and continues addition of world class brands to its product spectrum will help it fully captive on the better demand scenario. Overall outlook is therefore bright.
F Moreover, the company can be expected to sustain sound performance due to its higher ratio of manufactured products to traded goods, focus on high-growth products and end-users, employee training and development programmes and benign economic environment. This year the company has made a major thrust on key products portfolio like repair welding & ceramics. Focused training has been imparted to employees by foreign principles through company in-house training division ‘DOTES’.
f After achieving an EPS of Rs 14.6 in FY 2007, we expect the company to register EPS of Rs 18.3 in FY 2008. The share price trades at Rs 94. P/E works out to just 5.0. Moreover, the company is available cum-dividend of Rs 5. The tax-free dividend yield works out to a good 5.5 and the forward tax-free dividend yield works out to a handsome 7.1. Read more!

Ferro may fly (BSE code 500245)

This one is out of its long term down trend line with good volume... after resistance R1 and R2 its in free fly zone medium tearm target 75 here also stoploss not require cos company getting debt free and getting cash rich with right issue and conversion of warrents ...cheers Read more!