SUVEN LIFE

NSE-SUVEN BSE-530239
THIS ONC IS IN MOOD TO BREAK ITS STRONG RESISTANCE ANYTIME ITS GOOD INVESTMENT PICK


DISCLOSER:- I HAVE NO HOLDING IN THIS
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BALANCE SHEET OF LIFE

Our Birth is our Opening Balance

Our Death is our Closing Balance

Our Prejudiced Views are our Liabilities

Our Creative Ideas are our Assets

Heart is our Current Asset

Soul is our Fixed Asset

Brain is our Fixed Deposit

Thinking is our Current Account

Achievements are our Capital

Character & Morals, our Stock-in-Trade

Friends are our General Reserves

Values & Behavior are our Goodwill

Patience is our Interest Earned

Love is our Dividend

Children are our Bonus Issues

Education is our Brands / Patents

Knowledge is our Investment

Experience is our Premium Account

The Aim is to Tally the Balance Sheet Accurately

The Goal is to get the Best Presented Accounts Award Read more!

Market Whispers

RCom target 625.
Reliance next target 2200+ by next month end.
UCO bank above 31, will flare to 39.
Rumour of IFCI to go below 50.
Banks and Hotels to rule the market in comin sessions.
M&M can be bought in July Futures at a price of Rs.792 – 795 with a stop loss @ 788. Market lot is for 312 shares and the margin payable is Rs. 40000/= and the Target is Rs 830/- in July Contract.

Disclaimer:
This publication has been prepared solely for information purpose and does not constitute a solicitation to any person to buy or sell a security.. Read more!

Natraj Picks BPCL & HPCL

Now that the Presidential elections are over and crude oil trading above 75$, we can surely expect prices of all fuels to go up.
In order to take advantage of this Govt decision, I advise a buy on both BPCL & HPCL.
Since there is no guarantee it may happen tomorrow or in 2 days, I advise to take delivery in Cash or Aug futures.
I do not recommend in options as there is not much volumes happening & if the price hike is postponed, the current month options will become worthless. (I am pretty sure that the price hike will happen & it's a question of when & by how much)

A simple perusal of BPCL charts gives the near term support @ 329 & the next support @ 320 lvls. CMP is 332.30 (19-07-2007) NSE.
HPCL near term support is at @ 256 lvls & the next support lies @ 245 lvls. CMP is 259 (19-07-2007) NSE.
Sl can be kept between 1% - 4%, as per one's risk appetite.
I would advise to keep a trailing SL once the prices starts moving up.

Disclaimer:
I am planning to take a position in cash / Futrs.
Neither the author nor this website can be held liable for any loss incurred in this trade. Read more!

Electrotherm India (EIL) BSE-526608

THIS ONE WAS GIVEN IN OLD POST UNDER RAJESH'S PORTFOLIO CHOICE.......NOW TWO DAYS BACK THIS ONE GIVEN BY KOTAK FOR DEL. FOR TARGET OF 690.....ONE CAN BUY ON EVERY DIP Read more!

GIPCL,NEYVELI LIGNITE

ALL POWER STOCK MOVED WELL,WATCH GIPCL TOMOROW , NOT MOVED WELL IN TODAYS RALLY OF POWER STOCKS, I THINK IT WILL TOUCH 80+ IN COMING DAYS, MAY BE STAR OF TOMOROW, KEEP AN EYE ON THAT .NEYVELI FOR 2MOROW TRADING Neyveli Lignite in the recent past has been showing a good movement, it is perhaps the last power stock to show some good movement and it is actually moving up after forming a good base and now that it is trading above Rs 71-74 supply zone earlier, it is expected to move up further, maybe immediately one will see a resistance around Rs 81 but the real resistance, the significant level that it should cross after that you can be actually bullish for the intermediate term would be Rs 92. As of now, definitely Neyveli looks quite positive Read more!

In a lighter vein- seriously!!!!!!!!!!!!

In ancient Greece , Socrates was reputed to hold knowledge in highesteem. One day, an acquaintance met the great philosopher and said,"Do you know what I just heard about your friend?""Hold on a minute," Socrates replied. "Before telling me anything,I'd like you to pass a little test. It's called the Triple-filterTest.""Triple-filter test?""That's right," Socrates continued. "Before you talk to me about myfriend, it might be a good idea to take a moment and filter whatyou're going to say. That's why I call it the triple-filter test. Thefirst filter is Truth. Have you made absolutely sure what you areabout to tell me is true?""No," the man said, "actually I just heard about it and...""All right," said Socrates. "So you don't really know if it's true ornot. Now let's try the second filter, the filter of Goodness. Is whatyou are about to tell me about my friend something good?""No, on the contrary...""So," Socrates continued, "you want to tell me something bad abouthim, but you're not certain it's true. You may still pass the test,though, because there's one filter left: the filter of Usefulness. Iswhat you want to tell me about my friend going to be useful to me?""No, not really.""Well," concluded Socrates, "if what you want to tell me is neithertrue nor good nor even useful, why tell it to me at all?" Read more!

Natraj Picks

"Adarshpl" in BSEOne can Pick "Adarshpl" in BSE "Scrip Code 526711" for a holding period of 6 months.
Company is in a revival mode and expected to do well in this year.
It is in 'T' segement & can tgt 90 - 100 rs. Keep a Sl of 33/34. It is in UC today.

Disclaimer:
I do not hold any shares in this company as on date.
Neither the author nor this website can be held liable for any loss incurred in this trade Read more!

NIIT TECH

NIIT tech can be bought at comp around 480-The revenue for this company is mainy from europe - and so no worry about dollar flucuations. Right now the share is trading with cum bonus 1:2 One can buy this as a golden egg for investmentwith a view of 3 months. The target may be seen as 700 or more - All the best (COURTESY:jayesh jain bhai(he is very much interested in this counter) Read more!

UPDATE ON KIRLOSKAR FERRO BSE 500245

SEE THE OLD POST GIVENIN PAST......ACORDING TO FIRDAUS LALKAKA WHO HAS RECOMENDED THIS SCRIPT TOLD TO HOLD THIS SCRIPT AND NOT TO SELL IN PENIC I HUMBLY THANK HIM FOR CALLING ME AND INFORM THE SAME ON DAY OF CORRECTION ....CHEERS Read more!

NEPC INDIA,SQL STAR, AKRUTI NIRMAN

TRY TO TAKE SOME QTY OF NEPC INDIA (CMP:17.65)FOR 2 MONTHS AND SQL (CMP:68.35)STAR FOR A HORIZON OF 1 YEAR IN URS DEMAT ACCOUNT, THEY WILL BUILD URS MONEY IN URS LEDGER ACCOUNT, ALSO AKRUTI NIRMAN(CMP:539.45
Courtesy:varun agarwal,surat

DISCLOSURE: I VE NO INTEREST PERSONALLY ON ABOVE AND IM NOT HOLDING ANY OF ABOVE, if u ve earned by any of above , all credit goes to my dear friend varun agarwal , surat , cheeers.(im holding some free shares of nepcindia in last year trade) Read more!

Havells and Deepak Fertilisers

One can watch Havells India at 485- 490 and Deepak fertilisers at 97-99 for some decent return in short term. All the best Read more!

THE BIG BULL - WHO ARE YOU TO FIX THE TARGETS FOR ANY SCRIP , HA , HA , HA

RAKESH JHUNJUNWALA'S LATEST PORTFOLIO

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Market view - 18th July -inside gmr update

Finally Markets corrected. which is a healthy sign. I feel it would be healthy if it corrects for another 2 days. which would allow us to take fresh long positions. Support for nifty is @ 4325-4350 levels. Untill this is broken trend remains up.

Good buying levels for value stocks:
IDBI closer to 110 levels with 110 as stop loss, for a target of 128
Pritvi @ cmp with 300 as stop loss, target 350+

GMR Update

GMR Update - Looks like operators are active again in GMR infra. IT should be in your watch list for tommorrow. Above 907 can target 940. (Only for risk lovers)

Disclaimer: I have intrest in the above mentioned stocks Read more!

NOIDA TOLL

Noida toll bridge ( Listed in NSE and BSE code 532481 .) Consolidation over, breaking out and huge spike in volumes- Buy around 30 with stoplos below 28- it may see a target of 36-38 Read more!

Market Trends & Tech

Indices hit historic highs
Q1 results to drive direction It was a historical fortnight for the markets, with the barometer index BSE Sensex crossing the 15,000 level and the S&P CNX Nifty also crossing the 4,400 mark. The indices also managed to settle at all time high levels. Markets moved up crossing the 14584 level in the trend channel that had trapped the Sensex for the last 2 months.
What triggered the breakout was the continuous inflow of funds, the fall in inflation, easing fears of interest rate hike, steady progress of monsoon and fresh build-up of positions in derivatives markets.
The BSE Sensex gained 477 points or 3.29% during the fortnight to close at 14,964.12 on 6 July 2007 while the S&P CNX Nifty rose 126 points or 2.95% to 4,384.85.
Both domestic mutual funds and FII were heavy buyers and bought into equities worth Rs 33 bn and Rs 85 bn respectively, aggregating Rs. 118 billion.
Triggering markets
India’s rate of inflation has been steadily coming down in each of the last five weeks, and fell more than expected to a 14-month low of 4.03 per cent in mid-June, well below a two-year high of 6.69 per cent in late January.
With the steady decline in inflation, investors have started feeling that India’s inflation rate has entered a “comfort zone” and fear of overheating in the economy is now behind us. And the country is looking for a growth of at least 8.5 per cent after the last fiscal. Also government circles believe that an average 9.0 per cent growth over the next five years is achievable.
It seems that the monetary tightening measures adopted by the central bank has achieved the expected objective without hurting growth. The central bank has raised interest rates five times in the past year, the last time at the end of March, 2007 but now with the inflation level coming down, investors feel that the RBI would not go for another hike in CRR or raise interest rates. Banks have actually dropped deposit rates for bulk deposits by 2% from 11.5%. All these have led investors to believe that the interest costs for corporate cannot move up further, but possibly would come down in the future as the rates get lowered in months ahead.
A senior government economist has gone on record saying confidently that inflation would not be a problem in the next 5 to 6 months, assuming monsoon rains are normal. And Agriculture Ministry reports show that monsoon has been normal throughout the country.
Analysts feel, good monsoon rains will increase farm harvests, which in turn could help cease supply pressures and inflation. The government too is taking steps to improve supply of food grains and was aiming to produce an additional 20 million tonnes of wheat and pulses in the next three to four years.
Segment-wise Performance
The BSE Bankex gained 3.74%. Bank stocks are actively sought as bank credit is expected to be in demand once the interest rate starts moving down. State Bank of India (SBI), the country’s largest commercial bank, rose on reports that it would soon enter new business streams including pension funds to tap emerging opportunities.
The Capita Good index is a big gainer posting 8% gain. With rupee being weak, imports especially of capital goods have surged and even in terms of the Index of industrial production, the capital goods growth is seen very robust. Larsen & Toubro posted over 9% gain during the fortnight. The company is planning to set up separate entities to pursue its shipbuilding and power equipment manufacturing businesses. It aims at generating Rs 80 bn in five years from these businesses and will also contemplate of unlocking value for shareholders from these ventures by listing them. It has short-listed sites for the project, which is expected to go on stream by March 2010 with a capital investment of Rs 20 bn. The company has targeted to generate Rs 40 bn from the shipbuilding business in five years and another Rs 40 bn is to be generated from the power equipment manufacturing business in the same period. Meanwhile, the company management expects Rs 1,000-crore revenue per annum from railway modernisation in three years.
Auto segment got triggered when Maruti Udyog sold 59,917 vehicles in June 2007, up 24% from 48,425 vehicles sold in June 2006, its sales of 56,000 units in the domestic market, showing an uptrend of 25.5% from 44,626 units in June 2006. The scrip posted a gain of 5.66% during the fortnight. Tata Motors (4.49%), Mahindra & Mahindra (6.73%) are gainers in the 4-wheeler segment.
Cement stocks surged up after the Finance Minister P.Chidambaram said the government would not control cement or steel prices. Stocks moved up further on reports that cement firms have hiked prices by Rs 3 – 5 per 50-kilogram bag across India. The stocks such as ACC (up 21.5%), Ambuja Cements (up 11.94%) and Grasim (up 12.70%) closed strongly for the fortnight. Cement carries 1.73% weight in the wholesale price index (WPI). To keep its prices under check the government, in January abolished the 12.5% customs duty on cement and in May rolled back the dual excise duty and introduced an ad-valorem duty, which induced a price cut of Rs 3 to Rs 7 per bag. In April, it withdrew the countervailing duty (CVD) on the product. However, the sustained demand even during monsoon season and steep decline in inflation from 6.7% to just above 4% have encouraged the current move.
Gas pricing
There was significant news on the Reliance Industries counter. On the one side there is hearing going on from the power and fertilizer ministries on the pricing of gas from RIL’s D6 fields in the Krishna-Godavari (K-G) basin. On the other hand there is a feeling that the government will move in the next few months towards market to determine prices for gas. Both ONGC and Reliance Industries Ltd are likely to be called next week to make separate presentations before the Committee of Secretaries (CoS) examining the pricing issue of gas produced from the Krishna-Godavari Basin.
While the fertiliser industry maintained that the delivered price of gas from RIL’s prolific KG-D6 block should not exceed $5 per million British thermal unit (mBtu), the power sector is understood to have proposed the Government should take its share of gas in kind. As per the proposed pricing formula of RIL, the gas would be delivered in Andhra Pradesh, Maharashtra and Gujarat at a price between $5.2 and $6.2 per mBtu (including marketing margins, transportation and taxes) depending on distance from the gas field.
The price sought by RIL was $4.33 per mBtu. To this, the Fertiliser Ministry is understood to have said that the incremental fertiliser subsidy would be $7.4 billion.
The ONGC stock lost 4% after it sharply cut gas reserve estimates at one of its blocks in the Krishna Godavari Basin. The block is estimated to have 2.38 trillion cubic feet (TCF) of in-place gas reserves.
Market outlook
Markets have moved up on the back of good fundamental economic factors. The first quarter results will start streaming in from the next week onwards, and the trend in results will decide which way the market will move. If advance tax is any indication, results can be good. But investors have to be cautious. As markets move up the risks also increase proportionately.
While smart money chases stock, these operators are also smart in leveraging between futures and cash to hedge the risk. If you are not hedging then you need to be doubly cautious. But as the overall trend is positive, you will have to go stockwise.
Technical analysis
Sensex has support at 14,714 the upper side of the trend line from which it broke away. On the upper side there is virgin territory never traversed before. The stochastic indicator is in the overbought region, showing the potential to react. On the other hand the KST long term buy indicator is green. So market is likely to advance further.
Bharti Airtel: It has support at 833. One could buy on opportunities with stop loss at 830.
The KST and Stochastic indicator have signaled buy.
NTPC: Buy NTPC with stop loss at 151.70. Both KST and daily stochastic have signaled a buy Read more!

RNRL AS A BLUE CHIP BET

We have selected Reliance Natural Resources (RNRL) as the ‘Blue chip’. It is widely believed that this company’s shares of which were given free of charge to RIL shareholders in terms of the restructuring of the group on account of the division between the two Ambani brothers – Mukesh and Anil, has been floated to transport gas from the RIL gas fileds in the Krishna Godavari basin in Andhra Pradesh to the proposed Dadri power project in UP and as there is a dispute over the pricing for gas, the outlook of the company is hazy.
But this is a wrong perception. Though the company was originally promoted with that development in mind and the matter is in the court. However, please note that The company is striving to emerge as a key private player in the field of energy with widespread interest in the exploration and production of oil, gas and coal. And the company has started taking concrete steps in this direction. Just consider these developments:
l RNRL-led consortium has won four coal bed methane (CBM) blocks through a competitive bid process. Within just a year, it has emerged as the second largest CBM player in the country.
l Under the new exploration licensing policy, the company, in consortium, has won one oil and gas block in the state of Mizoram.
l Ignoring the gas price dispute, the company has applied to lay a 1600 km cross country pipeline for evacuating gas from RIL’s Krishna Godavari basin to the Dadri power plant at an investment of Rs. 14000 crore.
l The company has sought petroleum ministry’s permission to start its own city gas distribution networks in Mumbai, Delhi and the NCR region comprising Noida, Ghaziabad, Gurgaon and Faridabad. This will need an investment of Rs.2000 crore.
l For the Dahanu power station (REL), the company has undertaken a job to wash 2.4 million tones per year raw coal and also to supply imported coal.
l The company has applied for the allocation of 8 coal blocks in the states of Orissa, Jharkhand, West Bengal and Maharastra.
Of course, this is just the beginning and the company has miles to go. But the field of energy has tremendous growth prospects. Though for the very first year of operations (15-month period ended March 2007), it has earned a net profit of Rs. 29.85 crore on a sales turnover of Rs. 250 crore, we expect the figures to shot up by four to five times within the next four years.
Shares of the company are available around Rs. 40 (face value Rs.5) and may even decline by 10 to 15 per cent if there is a slide in the overall market sentiment. But if you have patience, these shares will yield fantastic appreciation after four years. The company is just coming up. Catch it young.

courtesy:doc uday Read more!

HIT ENT(ACCENTIA TECH)

Accentia Technologies
Attractively valued

BSE ticker code 531897
NSE ticker code Not listed
Major activity IT Enabled services/BPO
Director Kirit R Kanakiya
Equity capital Rs 4.68 crore
52-week high/low Rs 121/38 (FV Rs 10)
CMP Rs 121
Mkt capitalisation Rs 56.63 crore
Recommendation Buy

Accentia Technologies Ltd, a company dealing in end-to- (BPM) solutions for healthcare, financial and insurance sectors. The company’s prospects are quite promising and valuations are attractive. Indeed this is good investment bet.
Just Consider:
f Accentia has, in its fold, some of the big corporate brands in the USA and UK as its clients and the list is fast expanding. The company is into healthcare BPO with its integrated focus on medical transcription, coding, billing and insurance claims offers complete gamut of integrated value chain of a health care BPO. The company also has web-enabled modules to impart training in Healthcare BPO practice to the aspirants of BPO jobs. This segment has good growth potential.
f Accentia is present in both the software and BPO segments. The onsite-offshore model along with innovative technological advancements for a strategic solution to the customer concerns make the company stands out in the market. Its products division Iridium-Tech is one the premier application software products. This augurs well for the steady growth of the company.
f The current promoters, who have acquired this company in end FY06, have been in the healthcare BPO segment since 1998. They have incorporated 2 companies: Geosoft Technologies for the healthcare BPO operations and later Iridium Technologies for the healthcare BPO product. The 2 companies have been merged into Accentia Technologies, which has acquired in March 2007, Asscent Infoserve, which is in similar business. With the merger, the promoters’ stake would increase to 51% from the current level of 30%.
f The company is now close to acquiring 3 US companies: another in billing collection, the third one in billing ASP and one in transcription BPO with a size of about US$ 8 million. The 3 acquisitions should be through within 2007. The 3 companies would add about US$ 10 million to the revenues of the company with margins of 25%. In July 2007, the company also signed agreements to acquire US-based G.S.R. Physicians Billing Service Inc. and GSR Systems Inc. The acquisitions would add $2.5 million to the company’s revenue in 2007.
f Financially, the company has been growing fast and yet been out of investors’ eyes largely due to its mediocre standalone results. However, it has been registering eye-popping consolidated results, which are hard to ignore. In FY 2007, it registered sales and net profit of Rs 33.50 crore and Rs 7.25 crore respectively. On an equity of Rs 4.68 crore, EPS works out to Rs 15.5. In fiscal year 2007-08, it can register consolidated EPS of Rs 25. The share price trades at Rs 120. P/E is just around 3. Though the equity would rise going forward, the company’s topline as well as bottom line would leap frog due to the recent acquisitions. Investors can take advantage of valuation and add the scrip to their portfolio for small to medium term returns. n Read more!

INDO ASIAN FUSE GEAR

Indo Asian Fusegear
Geared to a bright future
BSE ticker code 532658
NSE ticker code INDOASIFU
Major activity Electric Equipment
Chairman V P Mahendru
Equity capital Rs 14.28 crore
52-week high/low Rs 208/88 (FV Rs 10)
CMP Rs 136
Mkt capitalisation Rs 195.47 crore
Recommendation Buy and accumulate at declines

In the exciting field of power and electric equipments, Indo Asian Fusegear (IAFL) is emerging as a major player engaged in manufacturing and marketing a range of high-tech electrical products used for distribution, protection, control and conservation of energy. The script holds good potential for investors.
Just consider:
f The Government has taken many initiatives to enhance the national power generation capacity, thus creating a spurt in power generation and consequent exponential demand in power transmission and distribution equipments including wide range of electrical switchgear and lighting equipment which are the core products of Indo Asian. This thrust is expected to continue for the next few years. With the rapid growth of GDP, the living standards are improving continuously. Along with this, the concern for safe and efficient electrical equipment is also rising. Thus there is good growth potential for the company.
f The developed countries, including UK and many other European countries, have been facing high cost of production for electrical distribution equipment (EDE), as a result of which, they are looking at India as an important and potential source for meeting their needs. While the emerging environment of fast-growing demand at home has helped Indo Asian to grow into a leading manufacturing and marketing company, its consistent efforts in R&D is now helping it to secure export business of some of the well-known brands in Europe and U.K for EDE including MCBs, RCDs and Consumer Boards, CFLs and other lighting equipments which have been Indo Asian’s special strength.
f In a recent effort to strengthen its global marketing, Indo Asian signed an MOU with one of the oldest and established electrical houses of Sri Lanka, Kamalsons for marketing its full range under Indo Asian / Indo Kopp brand. The company has forayed into specialized outdoor lighting equipment category by setting up a joint venture with Nordex Lighting SpA of Italy. Indo Asian holds 60 per cent equity in this joint venture. These developments will add to the company’s top as well as bottom line in due course.
F The company has come out with encouraging results for FY07 with the top line moving up to Rs 224.9 crore from Rs 115.76 crore in the previous year and the bottom line rising to Rs. 17.34 crore from Rs 15.8 crore. It is expected to clock a 70-80% growth in sales to around Rs 400 crore with profits in the range of Rs 30 crore, mainly due to the commissioning of a new facility in Haridwar and an increased contribution from export sales. The shares of the company are currently quoting around Rs 132 with PE multiple of 12. For the coming fiscal, EPS works out to Rs 21, so at the current level, the PE is just 6.2, it is a very attractively priced script. n

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BRITANNIA , TRING, TRING,TRING

Britannia Industries
Getting tastier

BSE ticker code 500825
NSE ticker code BRITANNIA
Major activity Food and dairy products
Chairman Nusli N Wadia
Equity capital Rs 23.90 crore
52-week high/low Rs 1770/1025 (FV Rs 10)
CMP Rs 1700
Mkt capitalisation Rs 4063.00 crore
Recommendation Buy at declines

Britannia Industries Ltd (BIL), one of the leading producers of biscuits and other bakery products in India, mainly caters to the premium segment. With the launch of Tiger brand, it has taken a plunge in the low-end category, taking competition head on with Parle, which is the leader in this segment. The company has also diversified within dairy and bakery products. Investors should consider the scrip for investment with medium and long-term perspective.
Just consider :
f The per capita consumption of biscuits is extremely low in India. In developed countries it is around 10 kg,whereas it is around 2 Kg p.a. in India. Due to the growing economy, rising income levels, growing nuclear families the ready to eat segment will grow at a faster rate. Owing to big brands like Tiger, Mari Gold, 50-50 , Milk Bikies etc ,the company will surely benefit from this. The company has also forayed into the lucrative Middle-East market through a JV. It is expanding its installed capacity in Himachal Pradesh rapidly to take benefit of tax sops, this will boost its product margins enabling it to compete with unorganized sector.
f Group Danone, France and India’s Wadia group control a majority stake in the company ( with equal stake of 25.1 per cent each). Relations between Danone and the Wadias have not been cordial for past couple of years. This has been a major constraint on Britannia’s growth prospects and it had posed a big uncertainty on the scrip valuation. However, this uncertainty is set to end soon with Danone likely to exit from Britannia. This will be doubly positive as the transaction will unlock the real value of Britannia as also give the company a focused management which can chart out independent growth strategy without any disputes and constraints. The French food giant, Group Danone is in exclusive talks with the American Kraft Foods Inc., the world’s largest cookie maker, to sell its biscuits and cereal-making unit for $ 7.2 billion (5.3 billion euros) in all cash deal. Considering the same valuation for Danone Group’s stake in BIL would imply pricing of Rs 2200 per Britannia share. Many possibilities emerge as a result of above scenario, which should benefit minority shareholders.
F Financial performance, which was adversely affected in the fiscal 2007 with the net profit declining from Rs 146 crore to Rs 107 crore, is recovering the lost ground this year. For the quarter ended March 2007, the company had clocked a crispy 32% growth in its revenues to Rs 599.20 crore, and the operating profit margin increased by a solid 200 bps to 6.5%. The net margin rose 43 percent to Rs 39.8 crore. This trend is expected to continue in the current year and for the fiscal 2008,we expect the company to register a sales turnover of Rs 2700 crore and a net profit of Rs 175.00 crore. EPS would be Rs 72.4. The share price trades at Rs 1700. P/E works out to 24. This is a tasty item for the perspective of mid-term investment.n
Courtesy:Doc uday

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NAVBHARAT VENTURES

Nav Bharat Ventures
(TICKER CODE : 513023)
A Mumbai based equity analyst is recommending Nav Bharat Ventures for investment. A diversified company with business interests in power generation, ferro alloys, sugar & down stream products and infrastructure projects, has put up an excellent show with a 142% spurt in net profit for the year ended March 2007. The EPS for the year stands at Rs 20.96.The company has recommended 200% dividend. It is now planning to take up majority stake in 1050 MW coal based power plant at Orissa. The analyst is very optimistic about the future outlook of the company.
(FV Rs 2, H/L Rs 198/80, CMP Rs 181) Read more!

ASIAN OIL FILEDS

Asian Oilfields
(Ticker Code: 530355)
A Mumbai based broker is strongly recommending Asian Oilfields to his clients. According to him the company, which is into oil drilling and allied service in oil exploration space is a good investment bet. The company has come out with good set of numbers with sales rising to Rs 27.5 crore in FY 2006-07 asa compared with sales of Rs 10.3 crore in the previous year, the corresponding profits for the respective years being Rs 4.6 crore as against Rs 62 lakhs. The stock is currently trading 9.25x to its earnings, which is very attractive compared to its peers, the broker insists.
(FV Rs: 10, H/L Rs105/14.5, CMP Rs 105) Read more!

HERO HONDA

Hero Honda
(Ticker Code: 500182,)
A knowledgeable observer of the two-wheeler industry is of the view that this is the right time to enter Hero Honda, the scrip which has seen better days, has come down substantially following the marked slowdown in demand. The news of the manufacturers cutting down production in view of huge inventory with the dealers has further unnerved the markets. The observer feels that once the festive season starts and the finance companies coupled with dealers and manufacturers come out with new schemes, the demand will be picking up once again. He opines that it’s a good bet with one year horizon.
(FV Rs 2, H/L Rs 808/565, CMP Rs 672) Read more!

Accurate Transformers

Accurate Transformers
(Ticker: 530515)
According to a market analyst this Delhi-based company is in for a good year .For the fiscal 2006-07, the company clocked sales of Rs 180 crore with profits of Rs 6.44 crore as compared to sales of Rs 150.6 crore and profits of Rs 4.46 crore in the previous year. It is currently trading at very low PE multiple of 1.7 and the book value of Rs 61.69. The analyst is of the view that one can take exposure in this stock for handsome returns.
(FV Rs 10, H/L Rs 36.75/20, CMP 36.75) Read more!

Ashco Industries

Ashco Industries
(TICKER CODE : 517565)
A well-known market operator is very bullish on Ashco Industries, which is down in the dumps of late. The company which is into contract research and testing for various pharma companies has come out with dull and drab performance for the fiscal 2007 also, with sales amounting to Rs 40.7 crore (Rs 39 crore) and the net profit Rs 1.97 crore (Rs 1.54 crore). According to the observer the things will now turn for the better and hence this stock can be accumulated at every decline.
(FV Rs 10, H/L Rs 85.5/22.3, CMP RS 35.25) Read more!

Aegis Logistics

Aegis Logistics
(Ticker Code: 500003)
A fund manager of a Mumbai-based mutual fund favours Aegis Logistics. For the March quarter FY07, the company has reported sales of Rs 65.5 crore (Rs 33.8 crore) recording a 93.8% jump over the corresponding quarter last year. Operating profit improved 2.6% to Rs 6.9 crore. Overall, the net profit increased 9.4% to Rs 6.8 crore translating into EPS of 4.2. “The valuation looks attractive given the location advantage at Mumbai port and expansion plans at other ports”, the fund manager maintains. He expects the logistic business to remain major driver in profitability and to contribute around 78% in FY08 operating profits.
(FV Rs 10, H/L Rs 198/111 , CMP Rs 136) Read more!

Precision Containeurs

Precision Containeurs
(Ticker Code: 523874)
A Delhi based broker is very bullish on Precision Containeurs. According to him, the company has posted smart results with sales rising to Rs 18.9 crore with profits of Rs 5.68 crore for the FY 2006-07 as compared to the sales of Rs 7.19 crore with profit of Rs 1.74 crore in the year before. The company has received a major export order this year, which should boost its financials for the coming year. It is also expanding its production capacity by setting up another unit at Daman. These shares can be acquired for good gains in the medium term.
(FV Rs 10, H/L Rs 41.8/12, CMP Rs 19.35) Read more!

Ispat industry turnaround results

Ispat industry is going to surprise market with good q1 results.
The script has consolidated long in this range of 14 to 16.
Its going to break out any day (may be even today) for immediate target of 18+ one month target of 25 and one year target of 70.
14 is strong support.

Dsclourse: I have holding in this script Read more!

ROYAL MANOR BSE 526640

Royale Manor Hotels & Industries Ltd has informed BSE that the Company has signed the Memorandum Of Understanding (MOU) with Tourism Corporation of Gujarat Ltd (TCGL) in the submit of Vibrant Gujarat Global lnvestors-2007 for the new project & expansion of existing project vide worth Rs 130 Cores which give us the employment of 245 employees and expansion of hotel with 100 more rooms conference hall with a capacity for 1000 people at International Airport Circle, Ahmedabad and land acquired at Amiyapur, Dist. Gandhinagar for the construction of Five Star Hotel. The said project will give the Company market net worth expanded up to Rs 200 Crores

ONE CAN LONG THIS WITH SL 20 ON CLOSING BASIS TARGET 55

DISCLOSER:-I HAVE NO HOLDING IN THIS SCRIPT

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Market Weekly View - 15th July 2007

Cheers 15 ks on sensex and 4500 on nifty. I might be a bit late but it is really a milestone to celebrate. Now everything is looking rosy. Every bull on street is making money. Going forward we might scale to new highs but we should remember that markets never rally in a straight line. This rally which started from 4100 has allready seen 400 pts move. Its time for some small correction before we move further. Correction might be an opportunity to buy, which time only will tell. Next major support for nifty is @ 4325-4350 levels. unless this is broken we are in uptrend. Adviseable to reduce long positions and enter on dips closer to 4350 levels.
Trading idea :
Buy nifty 4500 puts and hold for 2 to 5 days.

Disclaimer: I might have intrest in the above mentioned recomandation. Read more!

ASHOK IS IN UP TREND

ASHOK LEY. IS MOVING IN REGRESSION CHANNLE ABOVE 40.5 IT WILL MOVE VERY FAST THOUGH ITS SLOW MOVER THIS TIME THINGS CAN BE DIFF ............ADX(14) IS AT 19 WITH UPPER DIRECTION AND +DI > -DI ...........ONE CAN LONG THIS WITH SL OF 37.5 PLS NOTE THAT DELIVERY WAS 87% WEEK BACK......CHEERS


DISCLOSER:-I HAVE NO HOLDING IN THIS SCRIPT Read more!