SHORT TERM BUY CALL - IDFC

Infrastructure Development Finance Company

BSE: 532659    NSE: IDFC  CMP : 130.75 buy IDFC below 129.00 levels for ashort term one month target of 144.00 with a stoploss of  124.50

BUY KS OILS - LONG TERM

 KS OILS  CMP: 21.90  TARGET 40.00

Action: Negative sentiment priced in, maintain BUY
KS Oils has corrected 26% in June due to a series of setbacks like the
speculation surrounding the Indo-Mauritius tax treaty (a large part of KS
Oils’ investor base is Mauritius-based private equity) and an unexplained
delay in 4Q11 results. Moreover, a disappointing 4Q11 result (weak
margins and flat volumes due to increased competition and higher working
capital interest) has done little to soothe investor sentiment (although we
admit to being stumped by the extent of stock underperformance).
We are cutting our FY12F/13F earnings by 20%/23% to account for our
muted operational outlook. We lower our target P/E multiple to 10x (from
12x earlier), based on an historical one-year average discount of 33% to
our 15x target multiple for Ruchi Soya (RSI IN, INR97, BUY), to account
for a lower earnings CAGR (FY11-14F core earnings growth of 14% for
KS Oils vs 23% for Ruchi), and the negative sentiment surrounding the
stock. However, we think that most risks are being built in the stock at
current levels and the correction seems overdone. Maintain BUY.
Valuation: trading at ~50% discount to replacement value of assets
After the correction, KS Oils is trading at 4.3x CY11F P/E and at a ~50%
discount to replacement value of assets (based on KS Oil’s total crushing/
refining capacity of 3.3mn mT and a benchmark replacement cost of
USD100mn per mn mT, KS’s replacement value + cash comes to
INR39/share, slightly below our new price target).
Catalysts: Any positive newsflow (eg, favourable resolution of tax
issues, asset tie-ups in the palm / edible oil space and plantation
hectarage ramp up) may lead to a bounce-back in stock

INTRADAY TREND FOR 30 JUNE THURSDAY

The Domestic market Today was supported by the strong cues from Asian markets which prevailed the foreign investors interest and helped market to continue its upward rally. The Nifty Index finally closed near its day high at 5600.45, rallying 55.15 points with a gain of almost 1%.

The Future Derivative of NSE index (Nifty Futures) rallied up 55.08 (0.99%) and finally settled at 5604.10. It is likely to remain bullish till it manages to sustain above 5625 levels which crucial upside resistance level for tomorrow. On the downside 5490 will act as an important level below which Nifty futures could face some downward trend.

Support and Resistance levels-

First resistance for Nifty futures is seen near 5625 level above which the next major resistance is 5726 mark. On the downside the first support level is close to 5564 mark and next support is seen near 5470 level.

LONG TERM PICK - RIDDHI SIDDHI GLUCO BIOL

Riddhi Siddhi Gluco Biols

BSE: 524480  CMP :319.00

Riddhi Siddhi Gluco Biols Ltd manufactures starch and glucose. The Company manufactures various types of starch, liquid glucose, dextrose monohydrate, maltodextrin, dextrose syrup, high maltose corn syrup, and byproducts like corn gluten meal and enriched fiber. Riddhi Siddhi also exports its goods to other countries.

RSGB is a value buy at P/E of just a little over 2. The stock has fundamentally come a long way in the last 3 years, surging from profits of 13 Crores in FY09 to 165 Crores in FY11 (Aided by NPM rise from less than 3% to 16%). Revenues have always been stable and growing in the last 5 years. There are many doubters in the markets asking why it trades at such low P/E for such attractive valuations and growth. Profits in FY 2007, 2008 and 2009 have been below ordinary and alarming considering their liabilities at that time. The last 2 years surge and recovery has pushed the stocks from 60 levels to 300 and P/E re-rating always takes it own time. Buy and make use of it.

SHORT TERM BUY CALL - KOHINOOR FOODS

Kohinoor Foods 

BSE: 512559    NSE: KOHINOOR CMP : 47.25  buy kohinoor foods  below 46.50 levels for a short term one to two months target of 53.00 with a stoploss of  43.00

INTRADAY TREND FOR 29 JUNE WEDNESDAY

Market today closed with marginal gain after a choppy session. The S&p CNX Nifty in the early hours of session, touched the 5500 mark and even fall down to 5496.35 level due to profit booking but soon it recovered from this decline as a result of new buying at lower level and then continued to move sideways.

Oil and Gas stocks, Reality and FMCG were the major losers today while banking stocks, Auto sector and capital goods shares closed with significant gain.

The Nifty Futures rallied up 11.80 points and finally settled at 5646 with again of 0.21 %. Nifty futures likely to see further upside if it trades above 5560 levels which can help nifty futures to cross 5600 levels in coming trading sessions. In Broad perspective, below 5490 Nifty might face a drift down fall towards 5400 mark.

Support and Resistance for tomorrow- Technical support level for Nifty futures is seen near 5530 below which the next support level is close to 5480 mark.
Resistance for Nifty futures is seen near 5560 followed by next resistance close to 5625 mark.

TARGET HIT IN TWO DAYS - UNIPHOS

united phosphorous recommended yesterday at 147 for a one month target of 158.00. stock touched 158.30 today, just in two sessions.

SHORT TERM BUY - GEODESIC

Geodesic

BSE: 503699    NSE: GEODESIC  CMP : 68.95 .buy geodesic around 68.00 and below levels for a short term one to two months target of 81.00 with a stoploss of  63.00

SHORT TERM BUY - PANAMA PETRO & MORGANITE CRUCIBLE

buy panama petrochem  bse code : 524820 cmp: 238.40 buy around 235.00 for a short term target of  255.00
buy morganite crucible india bse code :523160 cmp:293.00 buy around 290.00 below levels for a short term target of 322.50.

INTRADAY TREND FOR JUNE 28 TUESDAY

Market Outlook 

Hike in diesel prices led the Oil and Gas Stocks like ONGC, BPCL, IOC and BPCL to boom up which helped in deciding the trend of market today and NSE Nifty Index closed with significant gain of 1%. Oil & Gas, banking Sector and Infrastructure stocks lead the row and Nifty could able to touch the 5,500 level. The S&P CNX Nifty closed at 5526.60, up 55.35 points or 1.01%.
The Futures Derivative of Nifty (Nifty Futures) rallied up 50.15 and finally settled at
5534.20 (+0.91%).
Now 5558 is seems to be the crucial level for upside above which Nifty can break 5600 mark. Below support level of 5445 Nifty can see downtrend.

SUPPORT & RESISTANCE:  

The firs resistance is seen near 5560 and above this level the next resistance level is 5625.
Downside support level is close to the level of 5440 and below this next resistance is seen near 5335.

SHORT TERM BUY - UNITED PHOSPHOROUS

United Phosphorous

BSE: 512070    NSE: UNIPHOS    CMP:148.60  

buy united phosphorous around 147.00 for a short term one month target of 158.00 with a stoploss of 142.00

LONGTERM PICK - DIAMINES AND CHEMICALS

Diamines & Chemicals Ltd
cmp:98
code:500120

Promoted by Kothari family (Alkyl Amines group), DACL is engaged in production of speciality chemicals. Its plant is situated at Petrochemical Chemical Complex in Baroda. DACL is the only manufacturer of Ethyleneamines (EAs) in India for which company developed in house technology. Its main focus is Piperazine/Piperazine Salts which are mainly used by Pharmaceuticals Agrochemicals, Lubricants and Fuel additives industry.Besides ethyl amines, this company also gets revenues roughly of Rs 2 crore from wind power.DACL is in speciality chemical business with reasonable past track-record, has performed extremely well and has brighter future prospects. The company enjoys high operating profit margins of between 30-35%.Net profit of Diamines & Chemicals rose 57.33% to Rs 14.71 crore in the year ended March 2011 as against Rs 9.35 crore during the previous year ended March 2010. Sales rose 82.59% to Rs 82.73 crore in the year ended March 2011 as against Rs 45.31 crore during the previous year ended March 2010.Company has announced 45% dividend which gives a healthy dividend yield.Offlate it also announced a bonus which signifies the promoters confidence and conviction in the company.One can accumulate it on corrections say at around 75-80rs.

INTRADAY TREND FOR JUNE 27 MONDAY

Indian Benchmark Indices made a strong come back after being range-bound from last few sessions. On Friday Indian markets made significant gain negating negative trend and closed in green territory.
CNX S&P Nifty touched a high of 5,477 due to rally in blue-chip giants stocks like infosys, ICICI Bank , and L&T Ltd and Finally shut closed near days high at 5471.25. Nifty gained 151.25 points with a gain of 2.84%.

Nifty Futures rallied 167.80 points and finally settled at 5484.00 with a handsome gain of 3.16%.
The near tern trend is likely to remain bullish if it manages to trade above 5505 level but if Nifty breaches the strong support level of 5355, trend may be reversal and it can test the lower levels like 5300-5255 levels.

Support and Resistance levels-
Support for Nifty Futures is seen near 5350 levels below which the next resistance is 5255.
It has first resistance close to the level of 5505 and above this level the next resistance is seen near the 5625 mark.

NIFTY BOUNCES BACK FROM CRUCIAL LEVEL

In last week's report, we had evinced the possibility of Nifty falling to around 5220 where the trend line
adjoining 4675 and 4786, the bottoms made in February and May 2010 respectively, was presenting a
support. It did not take longer for the benchmark to touch that level as on Monday itself Nifty plunged
to make an intraday low of 5196 and closed at 5258, losing 2%. The benchmark consolidated on
Tuesday and Wednesday, followed by a modest 0.8% up move on Thursday. Friday brought an
unexpected rise as Nifty climbed a whopping 2.8%, the biggest gain since 1st March, 2011, which
helped the benchmark not only erase all the weekly losses but end the week with a respectable 2%
gain, the highest weekly gain in nearly 3 months.
Friday's rise was truly spectacular and unexpected as 5352, 5400 and 5449, the 38.2%, 50% and
61.8% retracement levels of the 5605-5196 fall were all taken out in one go. Also, Nifty decisively
crossed and closed above 20 and 34 day moving averages. Does this turn the view decisively bullish?
Not yet. As we have been mentioning, a resumption of the higher-top higher-bottom on the daily chart
is the prime requirement to turn the near term view decisively bullish and we are yet to see that. The
first requirement of a higher-top will get fulfilled if Nifty crosses 5520, the top made on 14th June as
shown in the daily chart below, which will then have to be followed up by a higher-bottom. Beyond
5520, Nifty would find a tough resistance around 5605. On the downside, the 5343-5330 gap, created
by the gap up opening on Friday, is likely to act as a support. Traders are advised to book profit in
trading longs as Nifty approaches 5520 and wait for the resumption of higher-top higher-bottom
formation before taking fresh long positions.

24 stocks with high dividend and low PE combo

The Indian stock market is going through a rough patch, with the bears
extensively dominating the bulls. Since the beginning of 2011, Sensex
has fallen over 14%, not sparing the midcaps or smallcaps. BSE Midcap
and Smallcap indices fell more than 16% and 19% respectively during
the same period.

The slide in the market has been due to higher inflation, hike in
interest rates, disappointing IIP numbers and Mauritius tax treaty and
several other reasons. But investors are using this decline too to
their advantage. Typically, investors are interested in valuable
stocks in this kind of fall and adopt a 'buy on dips' strategy. Thus,
when the market bounces back investors are hoping to make maximum RoE
(return on investment) in a short period of time.

In this type of market we can take into consideration stocks that
declare higher dividends, and if the PE is less than or equal to 5,
then valuation wise, these stocks may have higher growth rate.

Below is a list of stocks (with marketcap above Rs 250 crore) with
high dividend yield but low P/E. Dividend yield is greater than or
equal to 4% and P/E less than or equal to 10. (As on June 22, 2011)

Company

Market Cap

P/E

Dividend Yield%

Aarti Inds .

354.83

5.31

5.31

Andhra Bank

7224.18

5.70

4.27

Bajaj Holdings

8269.40

8.27

4.71

Balmer Lawrie

927.80

7.66

4.00

C P C L

3277.42

6.41

5.49

D C Holdings

1562.95

9.62

4.67

Electrost.Cast.

944.45

6.21

4.32

GHCL

373.07

3.19

5.29

HCL Infosystems

1944.80

8.08

8.52

HEG

1020.45

7.92

4.21

Hyd.Industries

276.24

5.73

4.34

Indo Rama Synth.

583.79

4.23

5.09

JK Paper

354.02

3.33

4.32

K P R Mill Ltd

443.49

6.22

4.72

Kirl. Ferrous

363.85

7.46

5.54

Kothari Products

284.92

4.62

4.67

Mangalam Cement

297.12

7.77

5.44

Nava Bharat Vent

1569.37

5.13

4.12

Navin Fluo.Intl.

277.18

3.60

5.34

NIIT Tech .

1030.76

8.55

4.06

PSL

371.01

4.89

5.74

Sasken Comm.Tec.

344.43

3.85

4.77

Sonata Software

407.65

6.57

5.04

SRF

1671.92

3.60

4.94

MULTIBAGGER STOCK - INDO ASIAN FUSEGEAR

Indo Asian Fusegear

BSE: 532658   NSE: INDOASIFU  CMP : 79.00 EPS :155.00 PE RATIO : 0.50 BOOKVALUE : 216.30

Indo Asian Fusegear Ltd is a leading manufacturer of LT Electrical Switchgear Equipment producing a wide range of Electrical Circuit Protection Equipment including Distribution Boards, Switch Boards, Switch Panels, Fuse Switches, MCCBs, HRC Fuses, MCBs, RCDs, etc. Indo Asian Fusegear Ltd. also specializes in the manufacture of energy efficient CFLs, Fluorescent Tube Lights and Electronic Ballasts.

It has also included wires in its product portfolio. The company through its joint venture is in the process of setting up state-of-the-art new facilities at Haridwar, Uttarakhand for manufacture of wiring accessories and building and home automation equipment. Indo Asian’s contribution to the national electrical industry is well-recognized.

The company’s manufacturing units are spread over northern part of the country – two in Noida (UP) near Delhi, one each at Parwanoo (HP), Jalandhar (Punjab) and Murthal (Sonepat). The company has also set up three large state-of-the-art plants, one for the manufacture of switchgear, other for lighting products and third for manufacture of wires at SIDCUL, Haridwar, the tax free zone of Uttrakhand.

The company has collaborated with Saudi National Glass for setting up a plant in Saudi Arabia for manufacturing of CFL HID Lamps. The company has an all-India marketing network with 30 offices across India and network of over 550 authorized distributors and over 15,000 Electrical Retail outlets spread all over India and overseas.

Indo Asian has been on the approved list of most of the utilities in Middle East and Africa where it is exporting its products for the last 30 years Incorporated in 1958 as a small-scale unit in Jalandhar in Punjab, the Indo Asian group has come a long way to not just carve a niche for itself in the Indian electrical equipment industry, but to emerge as a reliable global supplier of world-class Circuit Breakers and Lighting products. The Group’s flagship company, Indo Asian Fusegear Limited has gained reputation as an innovative Electrical Equipment and Systems Designing and Manufacturing Company.

Indo Asian has grown into a multi-product, group of companies, manufacturing and marketing a wide range of electrical control and protection equipment. The superior quality of these products has earned them the respect of the Indian market and the world over where they are popular under the brand names: Indo Kopp MCBs, Stopshock RCCBs, Indo Asian HRC Fuselinks, Indo Asian Industrial Plugs & Sockets and Contactors & Relays.

Considerable importance is attached to research and development at Indo Asian. Every process and product is supported by  well-equipped, modern Research & Development Centre where a dedicated team of experts apply themselves to developing the latest, innovative product designs and process technology. Their endeavours have consistently improved product performance and functionality, keeping in mind that  customers' needs are constantly changing. 

Indo Asian has been awarded “Emerging India Award 2007” in the Engineering and Auto Ancillary Segment in a glittering ceremony on June 22, 2007 at Mumbai. The current valuations of the share is very low compared to its book value and eps.the promoter holding in this stock is 42 % and FII holds 16%. debt is almost reduced to nil, from 129.00 crores to 0.39 crores in last year.networth of the company also increased 3 times from the last year.the profit after tax is nearly 263.00 crores for the year ended march 2011. one can buy at current level for a long term targets of  175.00 and 260.00


   

SHORT TERM BUY - ORCHID CHEM

Orchid Chemicals and Pharmaceuticals

BSE: 524372    NSE: ORCHIDCHEM  CMP : 253.10

buy orchid chemicals around 250.00 for a short term one month target of  275.00 vith a stoploss of 244.00

INTRADAY TREND FOR 24TH JUNE FRIDAY

Nifty opened Negative due to weak global cues after Ben Bernanke said that the US economy was weak and interest rates would remain unchanged for an extended period. The Nifty index touched a low of 5,252 in opening trades and quickly changed course on bargain buying in giant shares such as Reliance Industries, Infosys and ITC.

The S&P CNX Nifty finally closed at 5320, up 41.70 points or 0.79 %.

The Nifty futures closed and settled finally at 5319 up by 35.75 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend.

RESISTANCE : It has first resistance close to the level of 5340 & above this level the next resistance is seen near the 5380 mark.
SUPPORT : It has first support close to the level of 5250 & below this level the next support is seen near 5175 mark.

INTRADAY TREND FOR 23 JUNE THURSDAY

The benchmark index had an insipid closing for the second consecutive trading session. In a repeat of the market behavior witnessed in the previous session, the domestic bourses were unable to sustain the gains for long. While the Asian markets maintained their momentum till close. The S&P CNX Nifty finally closed at 5278.30, up 2.45 points or 0.05 %.

The Nifty futures closed and settled finally at 5283.25 up by 5.40 points or 0.10 %. It is likely to trade negative in the coming trading session if manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend. 

RESISTANCE : The first resistance is seen near 5330 and  above this level the next resistance is seen near the 5380 mark. 

SUPPORT : It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.

STOCKS TO BUY NOW

the following stocks are reached its 52 week low. in the last few sessions more than 400 stocks at nse reached its 52.00 week low.this is not a good sign  for indian markets, panic selling seen on most stocks last few days due to the fear of market fall.we dont know this is the right time to buy, but one can start buying in small quantities in the following stocks. and can add more every 5% drop from here.

ABAN OFFSHORE

AHLUWALIA CONTRACTS

BEML

BHARAT ELECTRONICS

BLUE STAR

EXCEL CROP CARE

GEODESIC

GREAT OFFSHORE

HANUNG TOYS

JAI BALAJI IND

JINDALSAW

JSW ENERGY

KPR MILLS

MCNALLY BHARAT ENGG

MOIL

NAVABHARAT VENTURES

SURYA ROSHNI

RURAL ELEC.CORP

PURAVANKARA

RCF

SHASUN PHARMA - LONG TERM PICK

Shasun Pharmaceuticals

BSE: 524552  NSE: SHASUNPHAR  CMP :72.00

After 3 years of consolidation Shasun Pharma is now ready to move into a
substantive growth phase with a slew of product launches that include
Telapravir and Streptokinase to it's existing pipeline of Ranitidine and
Ibuprofen.

The US based pharma major Vertex Pharmaceuticals recently announced that the
USFDA's antiviral drugs advisory committee voted in favour of approving
Telaprevir as a treatment for Hepatitis C Virus (HCV). The FDA's decision on
Telaprevir's approval status is expected shortly. FDA usually follows the
advice of the advisory committee although it is not binding.

Shasun would be supplying input materials to Vertex for Telaprevir for a
period of 4 years which is expected to drive earnings.

Potential market size for Telaprevir is expected to be US $ 2 Bn. Shasun
would be able to add $ 35 mn to it's top-line owing to Telaprevir.

On the bottomline, an incremental EPS of Rs 16 is likely to get added from
this opportunity.

Taking into consideration the option value for Telaprevir at a multiple
of 3XFY12E, we arrive at a target price of Rs 126.

PROMOTERS HOLDING PLEDGED MORE THAN 25 %

No.	Company	Equity Capital (No. of shares)	Promoter Holding (No. of shares)	Promoter Holding Pledged (No. of shares)	Promoter Holding Pledged (%)
1	Ansal Properties	157404876	72979793	71539034	98.02
2	United Spirits	130794968	36640760	32069407	87.52
3	Wockhardt	109435903	80585382	70158917	87.06
4	Essar Oil	1365667086	218020941	183123601	83.99
5	S Kumars	284978377	130288281	108226858	83.06
6	Orchid Chemical	70442076	21502616	17181383	79.9
7	Parsvnath	435181170	294448800	229228962	77.85
8	Orbit Corp	113961890	53546486	41350000	77.22
9	Ackruti City	72735871	60000000	45279500	75.46
10	Nagarjuna Fert	428181821	163924229	120882348	73.74
11	India Cements	307177157	77344493	56986625	73.67
12	Alok Inds	787798278	223376351	152427640	68.23
13	Unitech	2616301047	1270825068	864935072	68.06
14	ICSA	47750985	10454083	6861521	65.63
15	MIC Electronics	102498275	26526966	17060852	64.31
16	Suzlon Energy	1777365647	974741588	610501964	62.63
17	NIIT Tech	59251056	23283480	14493390	62.24
18	Omaxe	173567000	154725636	94945518	61.36
19	JP Power	2095680200	1823191222	1083700000	59.43
20	JSL Stainless	187315792	74466030	42841145	57.53
21	Everonn	19031900	8120398	4583489	56.44
22	Bombay Rayon	127900000	39259260	22035000	56.12
23	WWIL	453440038	286838172	160920500	56.1
24	TV 18	181767548	108600852	60101230	55.34
25	Strides Arcolab	57769171	16339023	8928285	54.64
26	Bajaj Hindusthan	228357111	79969365	43230574	54.05
27	Kingfisher Airlines	497779223	291757626	147537424	50.56
28	Network 18	118895641	68535371	30683109	44.76
29	Mercator Lines	244892073	98484066	43712500	44.38
30	Hotel Leela	387824992	211787380	92060250	43.46
31	Hero Honda	199687500	104259490	44248210	42.44
32	Indiabulls Real	402242239	92372204	35625223	38.56
33	Sintex	272990866	95430390	36400000	38.14
34	Tata Power	237307236	75482614	26860000	35.58
35	Gateway Distriparks	107999832	43748830	15500000	35.42
36	Tata Tele	1897196854	1474521319	493271182	33.45
37	Tata Global	618398570	217848023	70000000	32.13
38	Ispat Inds	2386799130	1589524045	477730463	30.05
39	Aban Offshore	43516515	23415889	7026900	30
40	Shree Renuka	671280850	255567980	76384740	29.88
41	Pantaloon Retail	201142539	90362248	26788845	29.64
42	Core Projects	109145636	52001291	13900000	26.73
43	Gujarat Alkalies	73436928	26964967	7119028	26.4
44	Bombay Dyeing	40546980	20133921	5235774	26
45	IRB Infra	332364110	248593072	63864100	25.69
46	KSK Energy	372630454	204706586	52000000	25.4
47	Bhushan Steel	212358310	146855495	37207970	25.33
48	NCC	256583810	51422613	13001000	25.28
49	KS Oils	425412755	148933067	37611700	25.25
50	Zee Enter	978076130	418472440	105437532	25.19
* Year end - March 31st, 2011