Nifty continued the weakness and closed at 4646 . So today the first resistance for nifty is at 4664-68level. Next resistance ranges are at 4686-91,4714-19,4767-72,4826-30,4878-73,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4628-24 level. Next supports are at 4607-02,4580-75,4529-25,4485-82,4455-50,4435-30,4400-395,4373-70 level.Again nifty closed below 4700 signalling the underlying bear force .A move below can 4600 can put some more pressure to market So unlesss a strong move above 4685 better stay from long side even for intraday.
|
|
|
Friday, December 30, 2011
Wednesday, December 28, 2011
NIFTY LEVELS - INTRADAY TREND FOR THE DAY - DECEMBER 28, WEDNESDAY
Nifty was in slight weak trend yesterday and closed at 4750 . So today the first resistance for nifty is at 4772-76 level. Next resistance ranges are at 4792-95,4826-30,4852-56,4880-85,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4733-28 level. Next supports are at 4709-05,4674-69,4640-35,4605-02,4592-88,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Even though bull movement for last few days Nifty still in bear zone so use tight stop loss for all longs.So today for upside intraday resistance are at 4776 and 4795 level and on downside if below 4700 better avoid any longs.
Tuesday, December 27, 2011
STOCK RECOMMENDATION - WEIZMANN FOREX
Weizmann Forex
BSE: 533452NSE: WEIZFOREX CMP: : 52.00
Weizmann Forex, company has reported decent results for the sept qtr,as sales have gone up from 978 crs of ájune qtr áto rs 1041 crs while net profit increased from 3.82 crs to rs 4.13 crs giving attractive qtrly eps of rs 3.57 ag rs 3.3 during 1st qtr, áof current year. thus company has reported eps of rs 6.87 for áthe 1st half, it is expected that full year eps likely to be around 14/15. WeizmannáForexáis one of the first few entities to obtain a license to provide retail foreign exchange services in 1993. Since then it has been offering services (sales & purchase) to the corporates and leisure travellers in India. With the experience and expertise developed in the field of foreign exchange over the years, the company has in its list of clientele some of the leading names of the Indian and global corporate world. The principal focus areas of the company are money changing and money transfer. Company as RBI Licensed Licensed Authorized Dealer Category for money exchanging and RBIRegistered Principal Representative of Western Union Financial ServicesáM USA for money transfer is one of the leading players in both theseá core areas. The company áoffers various áservices like ásale of currency, travelers' cheques, travel card,encashment, demandá draft, wire transfers and money transfer from overseas. The customers áinclude travelers visiting overseas áwhether leisure or business, travelers for migration,
employment, medicalá treatment, students átraveling abroad for studies, businessá travelers, non residents visiting áIndia, other money áchangers, banks, etc. The company has about 165 plus branches spread across Indiaá catering to money changing and money transfer and over 260 extension counters exclusively catering to
money transfer. This is a safe business model, investors can keep watch to accumulate this stock on dips for decent long term growth.
BSE: 533452NSE: WEIZFOREX CMP: : 52.00
Weizmann Forex, company has reported decent results for the sept qtr,as sales have gone up from 978 crs of ájune qtr áto rs 1041 crs while net profit increased from 3.82 crs to rs 4.13 crs giving attractive qtrly eps of rs 3.57 ag rs 3.3 during 1st qtr, áof current year. thus company has reported eps of rs 6.87 for áthe 1st half, it is expected that full year eps likely to be around 14/15. WeizmannáForexáis one of the first few entities to obtain a license to provide retail foreign exchange services in 1993. Since then it has been offering services (sales & purchase) to the corporates and leisure travellers in India. With the experience and expertise developed in the field of foreign exchange over the years, the company has in its list of clientele some of the leading names of the Indian and global corporate world. The principal focus areas of the company are money changing and money transfer. Company as RBI Licensed Licensed Authorized Dealer Category for money exchanging and RBIRegistered Principal Representative of Western Union Financial ServicesáM USA for money transfer is one of the leading players in both theseá core areas. The company áoffers various áservices like ásale of currency, travelers' cheques, travel card,encashment, demandá draft, wire transfers and money transfer from overseas. The customers áinclude travelers visiting overseas áwhether leisure or business, travelers for migration,
employment, medicalá treatment, students átraveling abroad for studies, businessá travelers, non residents visiting áIndia, other money áchangers, banks, etc. The company has about 165 plus branches spread across Indiaá catering to money changing and money transfer and over 260 extension counters exclusively catering to
money transfer. This is a safe business model, investors can keep watch to accumulate this stock on dips for decent long term growth.
NIFTY LEVELS - INTRADAY TREND FOR THE DAY - DECEMBER 27, TUESDAY
Nifty was in up trend yesterday and closed at 4779 . So today the first resistance for nifty is at 4799-04 level. Next resistance ranges are at 4817-20,4833-35,4852-56,4883-88,4918-21,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4758-55 level. Next supports are at 5733-27,4709-05,4692-89,4640-35,4608-05,4592-88,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Even though bull movement for last few days Nifty still in bear zone so use tight stop loss for all longs and 4950 level will be the main hurdle for this recovery rally.So today the main intraday hurdle is at 4820 level and on down side main intraday support level is at 5727 level
Friday, December 23, 2011
STOCKVIEW - ABG SHIPYARD
ABG Shipyard Ltd
cmp:395
Code:532682
cmp:395
Code:532682
ABG Shipyard (ABG) reported revenues slightly ahead of estimates at Rs5,717m, a growth of 3% YoY and 13% QoQ. The sequential improvement was on account of better utilization of expanded capacities as execution for existing orders remained on track. EBITDA margins came in at 22.5%, an improvement of 320bps compared to Q1FY12. PAT grew 21% QoQ to Rs484m, although, down 14% on a YoY basis.Although no new order was bagged in Q2FY12, the company’s order book position continues to remain strong, with the unexecuted order book standing at Rs99.2bn as on September 30, 2011, providing it a visibility of ~5 years (based on FY11 revenues). The company delivered three vessels during the quarter, taking the H1FY12 tally to six vessels.Net debt at the end of H1FY12 for ABG increased by ~Rs3.3bn compared to the end of FY11. This was mainly on account of increased working capital requirements to the tune of ~Rs3.8bn during H1FY12. Consequently, debt-equity ratio stood at 1.6:1 as compared to 1.5:1 as on FY11; however, still at a comfortable level.The company currently trades at EV/ EBITDA of 7.4x FY12 and 5.6x FY13. Accumulate for a price target of Rs445.
NIFTY LEVELS AND INTRADAY TREND ANALYSIS FOR DECEMBER 23 - FRIDAY
Nifty was in slight up trend yesterday and closed at 4734 . So today the first resistance for nifty is at 4760-64 level. Next resistance ranges are at 4778-81,4795-97,4835-40,4886-91,4908-14,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4705-00 level. Next supports are at 4673-70,4650-46,4624-20,4592-88,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Nifty continued the covering trend So today the main intraday resistance are at 4764 and 4797 level and on downside intraday support are at 4700 and 4670 level.
Thursday, December 22, 2011
NIFTY LEVELS AND INTRADAY TREND ANALYSIS FOR DECEMBER 22 - THURSDAY
Nifty zoomed to close at 4693 . So today the first resistance for nifty is at 4708-12 level. Next resistance ranges are at 4738-43,4780-85,4835-40,4858-63,4886-91,4908-14,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4650-45 level. Next supports are at 4601-596,4527-22,4485-82,4455-50,4435-30,4400-395,4373-70 level.Nifty was in a covering mood yesterday and unless a close above 4850 nifty still will be in bear zone.So today the main intraday resistance are at 4738-83 and 4785 level and on down side intrday support is at 4650-45 level and no long if below this level.
Tuesday, December 20, 2011
When to Buy Stocks in current sinking stock market?
Indian stock markets are sinking slowly over the past one year. Did you notice it? Or you were too busy to notice it in euphoria about roller coaster rides of BSE and NSE in short term? Check this out and think when you should buy stocks in this sinking market.
If you look at the BSE SENSEX chart closely, you would see the direction in which Indian stock markets are travelling for past one year. As you can see in below chart, the direction was of course, southwards! BSE SENSEX has lost more than 20% in past one year.
Is that where the stock markets are going to stop sinking? Have stock markets bottomed out now and will start rising in 2012? Should you start buying stocks now as this could be the bottom? Which would be the stocks to buy in such market and looking at future? I am going to try to find out answers to these questions in next few days along with you and publish it here on Indian Stocks News.
Certainly, the stock markets should decline further from here. How much? We can only guess. I believe 5 – 10% more from here looking at slowing down Indian manufacturing, higher inflation, lower consumption, bad political scenario and policy makers, bleak global economy (due to deep European crisis) and still not recovered American economy. FII’s have pulled more than $1.6 billions from Indian stock markets and they would pull out more due to global economical scenarios.
But, one thought I wanted to share today is from Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family. His thought says "The time to buy is when there's blood in the streets." Also he appends “Even if the blood is your own!". This is “Contrarian” view of investing in stocks. The essence behind is, the worst the market conditions are, better are the opportunities available to contrarian investor. Investors just have to figure/find out those opportunities.
As you would have seen, mid cap stocks are almost out of flavor for investors now and everyone is concentrating on just large cap stocks on the vine of bad times. It is a right strategy from safety point of view for sure; but investors who want multi-baggers, might want to concentrate on those “better opportunities” out there, start accumulating when others are not optimistic and wait for long time to see the time change and their stocks becoming multi baggers. This will certainly take 3-5 years of time frame if you look at the current global and domestic scenario in India.
As an contrarian approach, what long term investors can do is to find out the companies who have stable growth, good balance sheet, low/no debt but out of flavor due to current stock market conditions. This is the correct time to do that and start accumulating those identified best stocks for long term investing. Don’t buy stocks in large quantities once identified but start buying in SIP manner (Systematic Investment Planning), small quantities at regular intervals over the time period. (SOURCE: indian stock news)
If you look at the BSE SENSEX chart closely, you would see the direction in which Indian stock markets are travelling for past one year. As you can see in below chart, the direction was of course, southwards! BSE SENSEX has lost more than 20% in past one year.
 |
| BSE SENSEX has lost more than 20% steadily in last one year |
Certainly, the stock markets should decline further from here. How much? We can only guess. I believe 5 – 10% more from here looking at slowing down Indian manufacturing, higher inflation, lower consumption, bad political scenario and policy makers, bleak global economy (due to deep European crisis) and still not recovered American economy. FII’s have pulled more than $1.6 billions from Indian stock markets and they would pull out more due to global economical scenarios.
But, one thought I wanted to share today is from Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family. His thought says "The time to buy is when there's blood in the streets." Also he appends “Even if the blood is your own!". This is “Contrarian” view of investing in stocks. The essence behind is, the worst the market conditions are, better are the opportunities available to contrarian investor. Investors just have to figure/find out those opportunities.
As you would have seen, mid cap stocks are almost out of flavor for investors now and everyone is concentrating on just large cap stocks on the vine of bad times. It is a right strategy from safety point of view for sure; but investors who want multi-baggers, might want to concentrate on those “better opportunities” out there, start accumulating when others are not optimistic and wait for long time to see the time change and their stocks becoming multi baggers. This will certainly take 3-5 years of time frame if you look at the current global and domestic scenario in India.
As an contrarian approach, what long term investors can do is to find out the companies who have stable growth, good balance sheet, low/no debt but out of flavor due to current stock market conditions. This is the correct time to do that and start accumulating those identified best stocks for long term investing. Don’t buy stocks in large quantities once identified but start buying in SIP manner (Systematic Investment Planning), small quantities at regular intervals over the time period. (SOURCE: indian stock news)
STOCKS AT BELOW ITS 52 WEEK LOW
| Symbol | Open | High | Low | Close | Percent | Change | Volume |
| JPASSOCIAT | 58.30 | 58.40 | 52.85 | 53.45 | -7.37 | -4.25 | 27988968 |
| UNITECH | 19.00 | 19.15 | 17.45 | 17.65 | -6.61 | -1.25 | 21607827 |
| SUZLON | 18.45 | 18.45 | 17.45 | 17.70 | -1.94 | -0.35 | 18333996 |
| ASHOKLEY | 23.10 | 23.25 | 20.75 | 21.60 | -6.09 | -1.40 | 13058736 |
| IFCI | 20.50 | 20.75 | 19.65 | 19.80 | -2.94 | -0.60 | 10978232 |
| IDFC | 103.10 | 104.30 | 100.00 | 101.05 | -1.03 | -1.05 | 8812275 |
| RCOM | 65.30 | 65.50 | 60.80 | 62.10 | -3.94 | -2.55 | 6875542 |
| TATASTEEL | 365.30 | 366.55 | 340.60 | 342.75 | -5.73 | -20.85 | 6536826 |
| UCOBANK | 52.20 | 56.10 | 49.30 | 49.90 | -11.05 | -6.20 | 5933527 |
| RELIANCE | 741.70 | 741.70 | 709.20 | 713.45 | -2.97 | -21.85 | 5550563 |
| LT | 1028.30 | 1032.70 | 970.50 | 977.70 | -5.34 | -55.20 | 5491598 |
| PANTALOONR | 140.00 | 143.55 | 131.60 | 136.45 | -1.76 | -2.45 | 5142030 |
| DELTACORP | 58.45 | 58.65 | 52.25 | 52.95 | -8.31 | -4.80 | 5072718 |
| NHPC | 19.00 | 19.35 | 18.35 | 18.55 | -2.88 | -0.55 | 5068709 |
| IVRCLINFRA | 29.65 | 30.15 | 28.00 | 28.20 | -4.57 | -1.35 | 4882097 |
| AXISBANK | 857.70 | 857.70 | 808.85 | 820.30 | -3.39 | -28.75 | 3895799 |
| RPOWER | 73.60 | 74.00 | 70.00 | 70.30 | -3.76 | -2.75 | 3853965 |
| JISLJALEQS | 86.60 | 88.15 | 74.50 | 76.15 | -11.04 | -9.45 | 3432682 |
| KSOILS | 6.00 | 6.10 | 5.75 | 5.85 | -1.68 | -0.10 | 3417571 |
| SBIN | 1632.00 | 1649.00 | 1571.10 | 1578.50 | -3.05 | -49.60 | 3398804 |
| SESAGOA | 161.20 | 161.20 | 148.30 | 149.60 | -5.35 | -8.45 | 3065615 |
| RELCAPITAL | 241.70 | 244.65 | 230.00 | 232.70 | -2.29 | -5.45 | 2815681 |
| PUNJLLOYD | 39.05 | 39.20 | 37.00 | 37.55 | -3.35 | -1.30 | 2789363 |
| JSWSTEEL | 493.00 | 502.55 | 462.35 | 469.15 | -4.88 | -24.05 | 2665771 |
| 3IINFOTECH | 13.00 | 13.10 | 12.10 | 12.20 | -3.94 | -0.50 | 2533618 |
MULTIBAGGER STOCK RECOMMENDATION - ARIES AGRO
Aries Agro Ltd
cmp:69.00
Code:532935
Incorporated in 1969, AAL manufactures and markets micronutrients. AAL introduced Chelation technology in manufacturing micronutrients to India and is the market leader in the same. Headquartered in Mumbai, the company has seven manufacturing units in India, in addition to an overseas subsidiary for manufacture and sale of chelated micronutrients. AAL tapped the capital market in December 2007 at a price of `130/share aggregating `130 crore to fund the five-fold expansion of its production capacities (Setting up of new manufacturing units at Ahmedabad, Lucknow, Medak (Andhra Pradesh) and an additional unit in Maharshtra and to strengthen its marketing network.Aries has 65 branded products coming from six manufacturing units in India, one each at Mumbai, Kolkata, Hyderabad , Bangalore, Ahmedabad, Lucknow and one new factory in UAE which is mainly for catering middle east region and North Africa. Company’s largest distribution network of 5, 500 distributors and 76, 500 retail outlets across India is the main attraction for a rural centric business like this. AAL is also entering new markets in India by expanding its distribution activities in states like Kashmir, Kerala, Manipur and Goa. Aries has been effectively scaling up utilization of its manufacturing base of 84,600 tpa across the 6 plants in India. In addition, its 70,000 tpa manufacturing base at Sharjah and Fujairah are now fully operational. The Fujairah manufacturing unit is the 1st in Asia and 15th in the world with 60,000 tpa installed capacity for Sulphur Bentonite fertilizer.AAL’s wide product range matches the world's best and biggest plant nutrition companies. This vast range of cost-effective, world class products serves as a major differentiator as it provides Aries farmers with the widest choice of customized plant nutrients, tailor-made for the crop and soil specific needs. AAL’s efforts to further enhance this brand portfolio will continue with further research and development at its own R&D labs and by working with Agricultural Universities and Research Institutions. In future, AAL can easily roll out allied products throughout this network without much marketing efforts. In addition to this distribution Points Company has added a fleet of 100 rural retail vehicles called ‘Krishi Vinjan Vahan’ in 9 states in India. This is mainly for improving company’s rural reach and advisory services. The demand for AAL’s products in the South Asian region and the Middle East is growing and that Golden Harvest Middle East FZC will require further expansion of its manufacturing capacity. In addition to export markets, AAL has also set up a team to look into institutional sales in India covering major fertilizer manufacturers, State Governments and large seed producers. This opens up new opportunities to expand bulk business in India.At present prices its a good hold.
cmp:69.00
Code:532935
Incorporated in 1969, AAL manufactures and markets micronutrients. AAL introduced Chelation technology in manufacturing micronutrients to India and is the market leader in the same. Headquartered in Mumbai, the company has seven manufacturing units in India, in addition to an overseas subsidiary for manufacture and sale of chelated micronutrients. AAL tapped the capital market in December 2007 at a price of `130/share aggregating `130 crore to fund the five-fold expansion of its production capacities (Setting up of new manufacturing units at Ahmedabad, Lucknow, Medak (Andhra Pradesh) and an additional unit in Maharshtra and to strengthen its marketing network.Aries has 65 branded products coming from six manufacturing units in India, one each at Mumbai, Kolkata, Hyderabad , Bangalore, Ahmedabad, Lucknow and one new factory in UAE which is mainly for catering middle east region and North Africa. Company’s largest distribution network of 5, 500 distributors and 76, 500 retail outlets across India is the main attraction for a rural centric business like this. AAL is also entering new markets in India by expanding its distribution activities in states like Kashmir, Kerala, Manipur and Goa. Aries has been effectively scaling up utilization of its manufacturing base of 84,600 tpa across the 6 plants in India. In addition, its 70,000 tpa manufacturing base at Sharjah and Fujairah are now fully operational. The Fujairah manufacturing unit is the 1st in Asia and 15th in the world with 60,000 tpa installed capacity for Sulphur Bentonite fertilizer.AAL’s wide product range matches the world's best and biggest plant nutrition companies. This vast range of cost-effective, world class products serves as a major differentiator as it provides Aries farmers with the widest choice of customized plant nutrients, tailor-made for the crop and soil specific needs. AAL’s efforts to further enhance this brand portfolio will continue with further research and development at its own R&D labs and by working with Agricultural Universities and Research Institutions. In future, AAL can easily roll out allied products throughout this network without much marketing efforts. In addition to this distribution Points Company has added a fleet of 100 rural retail vehicles called ‘Krishi Vinjan Vahan’ in 9 states in India. This is mainly for improving company’s rural reach and advisory services. The demand for AAL’s products in the South Asian region and the Middle East is growing and that Golden Harvest Middle East FZC will require further expansion of its manufacturing capacity. In addition to export markets, AAL has also set up a team to look into institutional sales in India covering major fertilizer manufacturers, State Governments and large seed producers. This opens up new opportunities to expand bulk business in India.At present prices its a good hold.
NIFTY LEVELS AND INTRADAY TREND ANALYSIS FOR DECEMBER 21 - WEDNESDAY
Nifty continued the bear trend and closed at 4544 . So today the first resistance for nifty is at 4573-77 level. Next resistance ranges are at 4600-05,4625-30,4647-52,4664-68,4717-23,4777-83,4835-40,4890-95,4908-14,4965-70,4987-92,5030-35,5055-60,5084- 87,5098-02 levels. On downside first support is at 4515-10 level. Next supports are at 4485-82,4455-50,4435-30,4400-395,4373-70 level.Now the ball is in bears hand and next crucial support exist at 4450 level.So today if nifty is below 4510 chance are high for the nifty to continue the bear trend and on upside intraday resistance are at 4577 and 4605 level. strong pullback rally is expected on wednesday due to global cues and positive U.S markets.
Thursday, December 15, 2011
STOCK VIEW - BIRLA CORPORATION
Birla Corporation Ltd
cmp:250
Story:Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement in India. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names. Its Jute division provides a range of products, including jute yarn, floor and wall covering, lino hessian, decorative fabrics, nursery cloth, scrim, jute carpets, non-woven jute felt, hydrocarbon-free bags/cloth, D.W. canvas, carpet backing cloth, hessian cloth/bags, and sacking bags/cloth. The company’s Vinoleum division produces polyvinyl chloride sheets; and various flooring products, such as cushion vinyl flooring under the Birla Vinoleum name, commercial flooring under the Super Corporate name, and super corporate antistat. This division markets its products for various applications in homes, hotels, hospitals, offices, nursing homes, airports, banks, computer rooms, railways, restaurants, and shopping complexes. Its Auto Trim division produces automotive interiors, including door trims, parcel shelf trims, and pillar trims. Birla Corporation also involves in power generation, and iron and steel castings operations. The company was formerly known as Birla Jute Manufacturing Company Limited and changed its name to Birla Corporation Limited in 1998.This is the flagship company of the MP Birla group and on a YoY, for Q2FY12, it reported a 62% drop in net profit at Rs.26 crore despite a 5% rise in turnover. Cash profit during Q2 was down by 53% at Rs.47 crore due to lower realisation following disruptions at its Chanderia (Rajasthan) unit. It also suffered forex losses of nearly Rs 14 crore during the quarter.Increase in coal prices also affected the profits. Power and fuel costs on a YoY rose 50%. Total operating costs were up 19%. Overall economic slowdown has impacted the performance of the industry during the quarter. The hike in lending rates by banks has depressed the growth in cement demand from the real estate sector with big projects being delayed in major metropolitan cities. Q3 is also expected to remain under pressure.
cmp:250
Story:Birla Corporation Limited, together with its subsidiaries, primarily engages in the manufacture and sale of cement in India. The company’s Cement division offers various cements, such as ordinary portland cement, 43 and 53 grades, portland pozzolana cement, fly ash – based PPC, low alkali portland cement, portland slag cement, low heat cement, and sulphate resistant cement under the Birla Cement SAMRAT, Birla Cement KHAJURAHO, Birla Cement CHETAK, Birla Cement, and Birla Premium Cement names. Its Jute division provides a range of products, including jute yarn, floor and wall covering, lino hessian, decorative fabrics, nursery cloth, scrim, jute carpets, non-woven jute felt, hydrocarbon-free bags/cloth, D.W. canvas, carpet backing cloth, hessian cloth/bags, and sacking bags/cloth. The company’s Vinoleum division produces polyvinyl chloride sheets; and various flooring products, such as cushion vinyl flooring under the Birla Vinoleum name, commercial flooring under the Super Corporate name, and super corporate antistat. This division markets its products for various applications in homes, hotels, hospitals, offices, nursing homes, airports, banks, computer rooms, railways, restaurants, and shopping complexes. Its Auto Trim division produces automotive interiors, including door trims, parcel shelf trims, and pillar trims. Birla Corporation also involves in power generation, and iron and steel castings operations. The company was formerly known as Birla Jute Manufacturing Company Limited and changed its name to Birla Corporation Limited in 1998.This is the flagship company of the MP Birla group and on a YoY, for Q2FY12, it reported a 62% drop in net profit at Rs.26 crore despite a 5% rise in turnover. Cash profit during Q2 was down by 53% at Rs.47 crore due to lower realisation following disruptions at its Chanderia (Rajasthan) unit. It also suffered forex losses of nearly Rs 14 crore during the quarter.Increase in coal prices also affected the profits. Power and fuel costs on a YoY rose 50%. Total operating costs were up 19%. Overall economic slowdown has impacted the performance of the industry during the quarter. The hike in lending rates by banks has depressed the growth in cement demand from the real estate sector with big projects being delayed in major metropolitan cities. Q3 is also expected to remain under pressure.
NIFTY LEVELS AND INTRADAY TREND FOR DECEMBER 16 - FRIDAY
Nifty closed on a slight bearish note at 4746 level. So today the first resistance for nifty is at 4769-73 level. Next resistance ranges are at 4774-87,4800-02,4838-42,4854-57,4890-95,4908-14,4965-70,4987-92,5030-35,5055-60,5084-87,5098-02,5115-18,5130-35,5163-68,5198-02,5213-18,5238-43,5264-68,5284-87,5325-28levels. On downside first support is at 4720-16 level. Next supports are at 4695-90,4677-72,4655-52,4641-37,4610-05,4540-35 level.So today the main intraday hurdle are at 4800 and 4842 level and on downside no long if nifty trade below 4690.
NIFTY LEVELS AND INTRADAY TREND FOR DECEMBER 15 - THURSDAY
Nifty closed on a bearish note at4763 level. So today the first resistance for nifty is at 4785-90 level. Next resistance ranges are at 4811-15,4838-41,4854-57,4890-95,4908-14,4965-70,4987-92,5030-35,5055-60,5084-87,5098-02,5115-18,5130-35,5163-68,5198-02,5213-18,5238-43,5264-68,5284-87,5325-28levels. On downside first support is at 4740-35 level. Next supports are at 4715-11,4701-96,4677-72,4641-37,4610-05,4540-35 level.So today the main intraday hurdle is at 4842 level and on downside if nifty is below 4735 be alert and below 4711 bears will again regain strength
Tuesday, December 13, 2011
NIFTY LEVELS AND INTRADAY TREND FOR DECEMBER 14 - WEDNESDAY
Nifty closed slightly up yesterday at 4800 level. So today the first resistance for nifty is at 4826-29 level. Next resistance ranges are at 4840-40,4854-57,4890-95,4917-22,4965-70,4987-92,5030-35,5055-60,5084-87,5098-02,5115-18,5130-35,5163-68,5198-02,5213-18,5238-43,5264-68,5284-87,5325-28levels. On downside first support is at 4775-70 level. Next supports are at 4747-42,4701-96,4679-75,4641-37,4610-05,4540-35 level.So today the main intraday hurdle is at 4855 level and on downside if nifty is again below 4742 the bear trend will continue and better avoid long below that level.
Monday, December 12, 2011
SHORT TERM BUY - GM BREWERIES
GM Breweries
Arman Financial Services : Will Surely Fulfill all Your Wishes..
The Hidden microfinance company — Arman Financial services can be a sure shot multibagger that can deliver over lOx returns over 3-5 years of time. The CMP of Arman is Rs.26.6 and I set a target of Rs.300 within 5 years of time. The main attraction in Arman is Mr. Lokesh Singh who has been working for the SKS Microfinance for several years. The other attraction is that this company lends money to group of ladies where in if one borrower defaults, the whole group is made responsible. Therefore, other members put social pressure on the defaulter to repay which is remarkably effective. The lending model that they follow is the JLG (Joint Liability Group) model, that was established by Dr.Muhammad Yunus and the bank he founded, Grameen Bank, which created new category of banking by granting millions of small loans to poor people with no collateral helping to establish the microcredit movement across the developing world.
Arman’s Micro Finance operations are in full swing with 14 branches fully operational all over Gujarat in urban, semi-urban and rural areas. Arman expects to have 37 branches fully operational by the end of fiscal 201 0-11. Within 18 month of operations, Arman has a total disbursement in JLG model Microfinance activities approaching 12 crore with approximately 12,000 members. Arman expects to have a disbursements of Rs.50 crore in microfinance activities by the end of fiscal 2010-2011. /Jl the ystems, including H.R, MUS, Accounts, Operations and internal controls have been tediously developed and are fully operational. The board is coming out with a rights issue at just Rs.15 and according to me the comany price should come
down to Rs.22, any price below Rs.20 is a steal. The stock could perform in the following manner.
1 year: Target 50±
3 years: Target 150+
5 years: Target 300+.
Arman’s Micro Finance operations are in full swing with 14 branches fully operational all over Gujarat in urban, semi-urban and rural areas. Arman expects to have 37 branches fully operational by the end of fiscal 201 0-11. Within 18 month of operations, Arman has a total disbursement in JLG model Microfinance activities approaching 12 crore with approximately 12,000 members. Arman expects to have a disbursements of Rs.50 crore in microfinance activities by the end of fiscal 2010-2011. /Jl the ystems, including H.R, MUS, Accounts, Operations and internal controls have been tediously developed and are fully operational. The board is coming out with a rights issue at just Rs.15 and according to me the comany price should come
down to Rs.22, any price below Rs.20 is a steal. The stock could perform in the following manner.
1 year: Target 50±
3 years: Target 150+
5 years: Target 300+.
Hot Delivery based Short term Investment
1) IDFC (532659) (109.50): Near term it may touch to 113 to 117….
2) Tata Motors (500570) (182.95): Near term it may touch to 189 to 197…
3) Escort (500495) (77.50): Near term it may touch 81 to 86….
4) EKC (532684) (36.30): Near term it may touch 39 to 44…
5) Arvind (500101) (82.60): Near term, it may touch 86 to 90…
6) Idea (532822) (86): Near term it may touch 91 to 95…
7) Rel Infra (500390) (387.90): Near term it may tocuh 397 to 414….
8) J P Power (532627) (38.05): Near term it may touch 44 to 48….
9) KFA (532747) (23.95): Near term it may touch 26 to 29…
10) Hind Copper (513599) (184.40): Near term, it may touch 198 to 217…
11) Great Offshore (532786) (93.85): Near term, it may touch 99 to 109…
12) HOCL (500449) (18.85): Near term, it may touch 25 to 32…
13) Essar Oil (500134) (67.05): In short time it may touch 72 to 82…
14) Hind Dorr-oliver (509627) (28.85): In short time it may touch 34 to 41…
15) Suzlon (532667) (22.40): In short time it may touch 24 to 27…
16) Agee Gold (512289) (87): In short time it may touch 99 to 109...
17) HCC (500185) (21.45): In short time it may touch 23 to 25...
18) Manappuram Fin (531213) (54.55): In short time it may touch 59 to
64...
19) Chambal Ferti (500085) (91.50): In short time it may touch 95 to 99….
20) Nitin Fire (532854) (27): In short time it may touch 30 to 34...
21) Adani Power (533096) (74.35): In short time it may touch 77 to 81…
22) Berger Paint (509480) (99): In short time it may touch 108 to 118…
23) TVS Motors (532343) (55.80): In short time it may touch 59 to 63...
24) NMDC (526371) (177.20): In short time it may touch 185 to 190...
25) GSPL (532702) (84.10): In short time it may touch 90 to 95…
26) Bajaj Hind (500032) (26.55): In short time it may touch 29 to 32…
27) Lupin (500257) (441.10): In short time it may touch 450 to 460…
STOCK VIEW - NTPC LIMITED
NTPC Limited
NTPC, India's largest power company, was set up in 1975 to accelerate power development in India.
It is emerging as ann'Integrated Power Major', with a significant presence in the entire value
chain of power generation business. NTPC ranked 341st in the '2010, Forbes Global 2000' ranking of the World's biggest companies. With a current generating capacity of 34,854 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.
Net profit of NTPCb rose 15.03% to Rs. 2424.12 crore in the quarter ended September 2011 as against Rs.
2107.38 crore during the previous quarter ended September 2010 Sales rose 18.39% to Rs. 15377.54 crore in the quarter ended September 2011 as against Rs. 12989.29 crore during the previous quarter ended September 2010. NTPC may receive 600cr as compensation for scrapped hydro project in Uttarakhand.The country`s largest power generator NTPC has chalked out ambitious plans of taking its capacity to over 1,28,000 MW
by 2032, the total installed capacity of NTPC is 34,854 MW. We maintain our BUY recommendation on the stock at CMP 166 with a target price of Rs 210.
NTPC, India's largest power company, was set up in 1975 to accelerate power development in India.
It is emerging as ann'Integrated Power Major', with a significant presence in the entire value
chain of power generation business. NTPC ranked 341st in the '2010, Forbes Global 2000' ranking of the World's biggest companies. With a current generating capacity of 34,854 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.
Net profit of NTPCb rose 15.03% to Rs. 2424.12 crore in the quarter ended September 2011 as against Rs.
2107.38 crore during the previous quarter ended September 2010 Sales rose 18.39% to Rs. 15377.54 crore in the quarter ended September 2011 as against Rs. 12989.29 crore during the previous quarter ended September 2010. NTPC may receive 600cr as compensation for scrapped hydro project in Uttarakhand.The country`s largest power generator NTPC has chalked out ambitious plans of taking its capacity to over 1,28,000 MW
by 2032, the total installed capacity of NTPC is 34,854 MW. We maintain our BUY recommendation on the stock at CMP 166 with a target price of Rs 210.
Subscribe to:
Posts (Atom)