CITI Group sells 6.23 lac shares in Reliance Infra.
CLSA buys 4.16 lac shares in Ranbaxy lab
Black Stone buys 48.75 lac shares in IVRCL Infra.
Nomura sells 13.82 lac shares in Cairn India.
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Friday, March 30, 2012
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 30 - FRIDAY
Nifty closed on a weak note at 5178 . So today the first resistance for nifty is at 5193-98 level. Next resistance ranges are at 5213-17,5235-40,5260-65,5300-05,5345-50,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5155-50 level. Next supports are at 5117-11,5080-75,5040-35 level.The trend is slightly in favour of bears and if below 5110 the bears will emerge much stronger.So today unless above 5240 no intraday long is advised.On downside 5120-5100 is a good support range.
Thursday, March 29, 2012
FII & DII ACTIVITY ON 28 MARCH - WEDNESDAY
Black Stone sells 3.12 lac shares in Cairn India.
CITI GROUP sells 10.56lac shares in titan industries
LIC buys 38.23 lac shares in IVRCL INFRA
CLSA buy 4.08 lac shares in United Spirits.NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 29 - THURSDAY
Nifty closed on a weak note at 5194 . So today the first resistance for nifty is at 5213-17 level. Next resistance ranges are at 5230-35,5263-68,5295-00,5338-42,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5174-70 level. Next supports are at 5155-50,5118-13,5080-75,5040-35 level.Nifty again closed below 5200.So today we expect the nifty will be sided with bear if there is a move below 5150.At this point a strong close above 5300 will be the hope for bulls
Wednesday, March 28, 2012
FII & DII ACTIVITY ON 27 MARCH - TUESDAY
CITI Group buys 28.91 lac shares in Bharti Airtel
LIC buys 17.86 lac shares in India Cement
CLSA buys 8.56 lac shares in Orchid Chemicals.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 28 - WEDNESDAY
Nifty closed on a slight positive note at 5243 . So today the first resistance for nifty is at 5267-72 level. Next resistance ranges are at 5291-96,5332-37,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5218-14 level. Next supports are at 5196-91,5155-50,5120-15,5102-98,5080-75,5040-35 level.Nifty manages to close above 5200 So today if nifty trades above 5300 we expect slight positiveness and on the other side if nifty again slips below 5190 then the bears will have the upper hand.So be cautious at both these level
Tuesday, March 27, 2012
STOCK VIEW - AVT NATURAL
AVT Natural Rs. 366.00 BSE Code: 519105NSE: AVTNPL
AVT Natural Products Ltd (AVT NPL) is a public limited company promoted by AV Thomas Group as a strategic diversification from the traditional plantation business of AV Thomas Group. AVT Natural formed in 1994 belongs to the renowned AVT Group of Companies and in the last 16 years has grown manifolds. It started Marigold cultivation on 200 acres of land that has since gone up to 35,000 acres producing 100,000 metric tones of flowers with the support of 30,000 loyal farmers. From producing feed grade Oleoresins in the initial years, AVT Natural today produces Nutraceutical grade products that meet global quality standards in food safety.Just look the fundamental. Company has equity of just Rs.7.61 cr. In which promoters hold 74.33% stake. In first nine months of this financial year company has declared net profit of Rs.38.94 cr. and shown EPS of Rs.51.13 in this period. Company may shown EPS of Rs.66-70 in FY2012. As per expected EPS of FY2012 stock is trading at forward P/E ratio of just 5.2. Company has paid 50% dividend for FY2011 and already declared 25% interim dividend for FY2012. Now company’s board with meet on 27th March for stock split and second interim dividend. One can buy this stock with stop loss of Rs.335. On the upper side, the stock will zoom up to Rs.400-420 levels in the short term while it will zoom up to Rs.500+ levels in medium to long term.
FII & DII ACTIVITY ON 26 MARCH - MONDAY
CITI Group sells 10.85 lac shares in Sesa Goa.
Black Stone sells 14.91 lac shares in Yes Bank.
CLSA sells 12.69 lac shares in Reliance Capital .
LIC buys 46.12 lac shares in JP Associates.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 27 - TUESDAY
Nifty slipped again and closed at 5184 . So today the first resistance for nifty is at 5199-03 level. Next resistance ranges are at 5214-18,5242-46,5263-66,5285-89,5325-30,5337-42,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5157-53 level. Next supports are at 5120-15,5102-98,5080-75,5040-35 level.Nifty is below 5200 level.So today if nifty is below 5153 level we expect the bears will back in action so be very alert below that level and on up side intraday resistance will be at 5203,5218 and 5246 and above 5246 is the slightest hope for bulls
Monday, March 26, 2012
STOCKS IN THE NEWS FOR THE WEEK AHEAD
* Elecon Engineering is finally scouting for strategic partnership to raise Rs.150-200 crore. Scrip may attract attention once the deal is done.
* Kobe Steel, Japan, will invest Rs.30 crore in Man Industries to acquire over 3% stake at Rs.165 per share under strategic partnership. Hold on to your position
* Don’t get tempted to buy Muthoot Finance or Manappuram Finance. Scrips may see further correction before they stabilize on account of new RBI regulations for gold loans
* 3i Infotech has got the approval for corporate debt restructuring. This will save the company from a financial crisis to a great extent. Hold on as the scrip may see some upside in coming weeks
* Some IT analysts are extremely bullish on Zensar Technologies, which is expected to post an EPS of Rs.40 in FY12 and take its share price to Rs.240 in the medium-to-short-term.
* Knowledgeable sources, aver that IFB Agro is likely to register an EPS of Rs.45 in FY12. A reasonable P/E of 8 will take its share price to Rs.360 in the medium-term.
* Hyderabad Industries is likely to post an EPS of Rs.70 in FY12. With a book value set to touch Rs.450, it may even announce a liberal bonus.
* With a likely EPS of Rs.18 in FY12 and Rs.22-24 in FY13 post expansion, Pitti Laminations is an excellent buy. The share is poised to touch Rs.100 in the medium-to-short-term.
* KNR Constructions can be bought at the current level with a target price of Rs.175 in the medium-term.
* Persons close to the management are quietly buying the shares of Torrent Cables. The share is expected to touch Rs.150 in the next 6 months.
* MBL Infra is likely to post an EPS of Rs.35-38 in FY12. The counter is likely to see strong investment buying.
* Ashok Leyland, recommended since Rs.24, is now recommended by Jefries, a global investment bank, for a target price of Rs.35.FII & DII ACTIVITY ON 23 MARCH FRIDAY
CITI GROUP buys further 31.48 lac shares in IVRCL Infra
LIC India buys 8.52 lac shares in Century Textile.
Black Stone buys 28.56 lac shares in BHARTI AIRTEL.
CLSA buys 14.98 lac shares in Reliance Capital.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 26 - MONDAY
Nifty closed on slight bull trend at 5278 . So today the first resistance for nifty is at 5300-04 level. Next resistance ranges are at 5319-23,5337-42,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5254-49 level. Next supports are at 5234-29,5203-99,5182-77,5162-58,5122-17,5102-98,5078-72,5047-45 level.Market seems to be clueless but below 5200 we expect the bears to be back in market So today beetr stay away from long side if nifty is below 5200 and on higher side expect intraday resistance at 5323,5342 and 5371 levels.Postionally unless a move above 5375 stay away from long side
Thursday, March 22, 2012
FII & DII ACTIVITY ON 21 MARCH - WEDNESDAY
CITI Group buys 23.96 lac shares in BHEL.
CITI GROUP Buys 16.96 lac shares in Arvind Mills.
LIC buys 6.81 lac shares in BGR Energy.
CLSA buys 5.81 lac shares in Century Textile
.Black Stone buys 14.87 lac shares in Reliance Capital.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 21 - THURSDAY
Nifty closed higher at 5364. So today the first resistance for nifty is at 5380-84level. Next resistance ranges are at 5397-00,5414-17,5430-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5332-28 level. Next supports are at 5302-98,5280-77,5245-40, 5208-03,5180-75,5165-60,5145-42,5125-20,5102-98,5078-72 level.Nifty bounced back and keep alive the hopes of bulls So today unless below 5300 up side prospects remains and intraday resistance for up side are at 5400 and 5435 level
Wednesday, March 21, 2012
SHORT TERM BUY CALL - UNIPHOS
United Phosphorous
FII & DII ACTIVITY ON 20 MARCH - TUESDAY
CITI Group buys 16.88 lac shares in VIP Industries
Black stone buys 31.87 lac shares in BHEL
CLSA buys 12.63 lac shares in Jet Airways.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 21 - WEDNESDAY
Nifty closed slightly higher at 5274. So today the first resistance for nifty is at 5289-94level. Next resistance ranges are at 5312-17,5337-42,5370-75,5393-97,5410-15,5436-39,5455-59,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5252-47 level. Next supports are at 5234-32, 5210-05,5180-75,5165-60,5145-42,5125-20,5102-98,5078-72 level.5200 will be a good support for the market and if nifty is below this level be very alert as more selling will happen So today be alert if nifty is below 5230 and stay away from long side if nifty is below 5200 On higher side above 5317 is slightest hope for short covering.
Tuesday, March 20, 2012
FII & DII ACTIVITY ON 19 MARCH - MONDAY
CITI GROUP sells 64.35 lac shares in HDIL.
CLSA sells 10.46 lac shares in Reliance Infra.
LIC sells 31.08 lac shares in Renuka Sugar.
Black Stone buys 12.32 lac shares in Cairn india.
LIC buys 21.69 lac shares in M&M
Nomura sells 14.75 lac shares in Voltas.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 20 - TUESDAY
Nifty closed lower at 5257. So today the first resistance for nifty is at 5282-87level. Next resistance ranges are at 5312-17,5343-48,5370-75,5393-97,5410-15,5436-39,5455-59,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5230-26 level. Next supports are at 5204-99,5180-75,5165-60,5145-42,5125-20,5102-98,5078-72 level.So today 5200 will be a crucial support range for nifty and if nifty is below this level more selling will happen on upside a strong move above 5317 will be the slightest signal for up move until then stay away from long side
Monday, March 19, 2012
STOCKS IN THE NEWS FOR THE WEEK AHEAD
* Stocks of Kewal Kiran clothing, Phoenix Mills, Shoppers Stop, Provogue etc. are recommended as efforts are on to arrive at consensus for 51% foreign direct investment in multi-brand retail.
* The shares of Oil India (cum 2:3 bonus) are an excellent buy as the stock has fallen due to hikes/cess on crude oil produced in India.
* Marketmen advise selling the stock of BHEL, Thermax and L & T as no import duty on power equipments has been levied in the Union Budget. The shares may dip over 10%.
* The shares of IRB Infra, MBL Infra and Supreme Infra are an excellent buy as the finance minister decreased withholding tax from 20% to 5% on interest payments on external commercial borrowings for roads and highways sector. These companies may go in for ECB for their road projects.
* A banking analyst strongly recommends the shares of United Bank of India, which is likely to generate an EPS of Rs.20 in FY12. The share is expected to touch Rs.100 mark.
* Standard Chartered PLC can be bought after Finance Minster Pranab Mukherjee allowed two-way fungibility of Indian Depository Receipts (IDRs), which are shares issued by foreign companies to list on the Indian exchanges.
* With a likely EPS of Rs.20 in FY12, the shares of Globus Spirits at a P/E of about 5.5 are an excellent buy for 40% appreciation in the medium-term.
* IT share ASM Technologies is expected to notch an EPS of Rs.22 on its small equity of Rs.5 crore. This can take its share price to over Rs.100.
* Natco Pharma has won the licence to sell the copy of Bayer’s cancer drug Nexavar. But its share price has run up too much in the last one month. Time to book profit and not to be greedy.
* Bombay Burmah has sold off Sunmica and Spring business on a slump basis. At market cap of Rs.725 crore, its grossly overvalued. Book profits immediately.
* In the mid-cap cement sector, Deccan Cements and Sagar Cement are the dark horses. Buy them and hold them for a year.
* Watch out for Balaji Telefilms. Looks extremely bullish on charts and is poised to make new highs. Hold it for a target of Rs.60 in a month or so.
* The shares of Oil India (cum 2:3 bonus) are an excellent buy as the stock has fallen due to hikes/cess on crude oil produced in India.
* Marketmen advise selling the stock of BHEL, Thermax and L & T as no import duty on power equipments has been levied in the Union Budget. The shares may dip over 10%.
* The shares of IRB Infra, MBL Infra and Supreme Infra are an excellent buy as the finance minister decreased withholding tax from 20% to 5% on interest payments on external commercial borrowings for roads and highways sector. These companies may go in for ECB for their road projects.
* A banking analyst strongly recommends the shares of United Bank of India, which is likely to generate an EPS of Rs.20 in FY12. The share is expected to touch Rs.100 mark.
* Standard Chartered PLC can be bought after Finance Minster Pranab Mukherjee allowed two-way fungibility of Indian Depository Receipts (IDRs), which are shares issued by foreign companies to list on the Indian exchanges.
* With a likely EPS of Rs.20 in FY12, the shares of Globus Spirits at a P/E of about 5.5 are an excellent buy for 40% appreciation in the medium-term.
* IT share ASM Technologies is expected to notch an EPS of Rs.22 on its small equity of Rs.5 crore. This can take its share price to over Rs.100.
* Natco Pharma has won the licence to sell the copy of Bayer’s cancer drug Nexavar. But its share price has run up too much in the last one month. Time to book profit and not to be greedy.
* Bombay Burmah has sold off Sunmica and Spring business on a slump basis. At market cap of Rs.725 crore, its grossly overvalued. Book profits immediately.
* In the mid-cap cement sector, Deccan Cements and Sagar Cement are the dark horses. Buy them and hold them for a year.
* Watch out for Balaji Telefilms. Looks extremely bullish on charts and is poised to make new highs. Hold it for a target of Rs.60 in a month or so.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 19 - MONDAY
Nifty closed lower at 5317. So today the first resistance for nifty is at 5358-61level. Next resistance ranges are at 5372-75,5393-97,5413-17,5453-58,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5281-76 level. Next supports are at 5241-37,5210-05,5180-75,5165-62,5145-42,5130-25,5102-98,5078-72 level.So today if nifty is below 5275 be very alert and no long below this level and on upside for intraday nifty will have resistance at 5361 and 5397 level.Better intrday long should only be above 5400 level and if below 5275 take a alert view and stay away from long side
Saturday, March 17, 2012
Friday, March 16, 2012
SHORT TERM BUY CALL - POWER FINANCE
Power Finance Corporation
FII & DII ACTIVITY ON 15TH MARCH THURSDAY
Citi Group sells 10.17 lac shares in Titan Industries
LIC Sells 56.95 lac share in Lanco Infra
Nomura Buys 21.06 lac shares in Educomp
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 16 - FRIDAY
Nifty closed lower at 5380. So today the first resistance for nifty is at 5410-15level. Next resistance ranges are at 5433-38,5455-59,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5355-50 level. Next supports are at 5325-21,5280-75,5233-28,5210-05,5180-77,5165-62,5145-42,5130-25,5102-98,5078-72 level.So today if nifty is below 5321 be very alert and no long below this level and on upside for intraday nifty will have resistance at 5415 and 5438 level.Better intrday long should only be above 5438 level.
Thursday, March 15, 2012
SHORT TERM BUY CALL - SARDA ENERGY
Sarda Energy and Minerals
SHORT TERM BUY CALL - INDIA GLYCOLS
India Glycols
FII & DII ACTIVITY ON 14 MARCH - WEDNESDAY
Nomura sells 17.42 lac shares in TCS.
CLSA buys 21.38 lac shares in Yes Bank.
CITI GROUP BUYS FURTHER 10.57 LAC SHARES IN JET AIRWAYS .
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 15 - THURSDAY
Nifty closed higher at 5463. So today the first resistance for nifty is at 5483-86level. Next resistance ranges are at 5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5444-40 level. Next supports are at 5428-25,5414-11,5392-87,5370-65,5350-45,5315-10,5283-77,5265-60,5233-28,5213-08,5180-77,5165-62,5145-42,5130-25,5102-98,5078-72 level.So today 5500-10 will be the resistance range for nifty and above this level next main resistance is only at 5620 level and on down side supports are at 5425 and 5387 level.
Wednesday, March 14, 2012
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 14 - WEDNESDAY
nifty expected to gap up opening today and can touch 5600 levels today due to strong global cues.avoid short today.
Tuesday, March 13, 2012
SHORT TERM BUY CALL - KERNEX MICRO
Kernex Microsystems (India)
FII & DII ACTIVITY ON 12 MARCH - MONDAY
NOMURA INDIA SELLS 4.16 LAC SHARES IN TCS
CITI GROUP BUYS 24.92 LAC SHARES IN RELIANCE POWER
CITI GROUP BUYS 28.47 LAC SHARES IN VOLTAS
LIC BUY 8.82 LAC SHARES IN ANDHRA BANK
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 13 - TUESDAY
Nifty closed slightly higher at 5359 but had surrenderd the opening gains. So today the first resistance for nifty is at 5382-87 level. Next resistance ranges are at 5412-17,5453-57,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5333-28 level. Next supports are at 5307-02,5285-81,5265-60,5233-28,5213-08,5180-77,5165-62,5145-42,5130-25,5102-98,5078-72 level.So today if nifty is below 5328 be alert and below 5300 we expect the trend to be sided with bears on upside a move above 5387 is required for the bulls to continue the journey.
Monday, March 12, 2012
FII & DII ACTIVITY ON 9TH MARCH - FRIDAY
LIC BUYS 31.58 LAC SHARES IN TATA STEEL
GOLDMAN BUYS 8.71 LAC SHARES IN JET AIRWAYS
LIC BUYS 32.68 LAC SHARES IN TATA MOTORS
NOMURA BUYS 18.26 LAC SHARES IN YES BANK
CLSA BUYS 12.86 LAC SHARES IN CAIRN INDIA
STOCKS IN THE NEWS FOR THE WEEK AHEAD - MARCH 12
* The Sensex was up 357.72 points on Friday, 9 March 2012 possibly because some sections of the market knew of a likely CRR cut, which materialized late evening after market hours as the RBI announced a 75bps cut. SEBI must look into this.
* Akhilesh and Mulayam have the last laugh in the battle of wits. The fallout of this victory could be demand of a midterm poll and this shall surely bring the market lower to December lows.
* Cotton growers shall fetch a better price as Sharad Pawar is seeking revocation on its export. Does that mean the supply to domestic users shall shrink?
* MCX will command a trading turnover which shall baffle not only the promoters but SEBI too!
* A downgrade from S&P is very likely if the FM fails to take bold steps containing the fiscal deficit.
* Federal Bank is open to the acquisition route in creating a large number of branches beyond Kerala. The scrip is all set to touch Rs.500 soon.
* Tata Coffee is the hot beverage stock. No wonder FIIs are after it day and night!
* Tata Motors Differential Voting Rights (DVR) is the safe bet in automobile segment....not because the industry or the company is doing well but purely on the shrinking gap between the original and the DVR shares.
* India Gylcols has been reporting terrific performance since last two or three quarters. But the counter fails to attract marketmen’s attraction. Buy and hold for six months.
* HCL Infosystems is likely to bag Rs.2,200 crore ‘Aadhaar’ project from UIDAI as it is the lowest bidder. Scrip may see some rally once the news is officially announced.
* GMR Infra has also put few of its road assets on the block. Stay away from the counter as it seems another case of distress sale.
* J Kumar Infraprojects has shot up significantly in the recent past. Time to book profits and buy later at sub Rs.140 levels.
* Country Club India Ltd. with a book value of Rs.77.13 and P/E of only 5.38 seems to have bottomed out at the current price of Rs.6.88.
* Sintex Industries at Rs.83.65 is looking explosive on the charts and the next target seems to be Rs.87-96.
* Akhilesh and Mulayam have the last laugh in the battle of wits. The fallout of this victory could be demand of a midterm poll and this shall surely bring the market lower to December lows.
* Cotton growers shall fetch a better price as Sharad Pawar is seeking revocation on its export. Does that mean the supply to domestic users shall shrink?
* MCX will command a trading turnover which shall baffle not only the promoters but SEBI too!
* A downgrade from S&P is very likely if the FM fails to take bold steps containing the fiscal deficit.
* Federal Bank is open to the acquisition route in creating a large number of branches beyond Kerala. The scrip is all set to touch Rs.500 soon.
* Tata Coffee is the hot beverage stock. No wonder FIIs are after it day and night!
* Tata Motors Differential Voting Rights (DVR) is the safe bet in automobile segment....not because the industry or the company is doing well but purely on the shrinking gap between the original and the DVR shares.
* India Gylcols has been reporting terrific performance since last two or three quarters. But the counter fails to attract marketmen’s attraction. Buy and hold for six months.
* HCL Infosystems is likely to bag Rs.2,200 crore ‘Aadhaar’ project from UIDAI as it is the lowest bidder. Scrip may see some rally once the news is officially announced.
* GMR Infra has also put few of its road assets on the block. Stay away from the counter as it seems another case of distress sale.
* J Kumar Infraprojects has shot up significantly in the recent past. Time to book profits and buy later at sub Rs.140 levels.
* Country Club India Ltd. with a book value of Rs.77.13 and P/E of only 5.38 seems to have bottomed out at the current price of Rs.6.88.
* Sintex Industries at Rs.83.65 is looking explosive on the charts and the next target seems to be Rs.87-96.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 12 - MONDAY
Nifty rebounded strongly to close at 5333. So today the first resistance for nifty is at 5368-73 level. Next resistance ranges are at 5398-01,5414-07,5453-57,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5300-296 level. Next supports are at 5283-80,5262-57,5233-28,5213-08,5180-77,5165-62,5145-42,5130-25,5102-98,5078-72 level.Nifty rebounded strogly so today we expect if nifty is above 5373 the uptrend will continue anf on downside if nifty again goes below 5300 be very alert and stay away from long side.
Wednesday, March 7, 2012
STOCK VIEW - HARITA SEATING
Harita Seating Systems Ltd
cmp:110
Code:590043
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd.Harita makes seats for two-wheelers, commercial vehicles,tractors and buses.It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Harita Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulled out of joint venture and its name was changed to Harita Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and has handsomely made an entry in black.In the short to medium term auto ancillary companies may face some margin pressure ,but long term investors may take it an opportunity to buy good auto ancillary stocks like Harita at dips.
cmp:110
Code:590043
This company belongs to the well known TVS Group and promoted by Sundaram Clayton Ltd.Harita makes seats for two-wheelers, commercial vehicles,tractors and buses.It is also in the field of poly urethane products businesses to different segments of the auto industry . Harita Seating Systems has manufacturing facilities in Hosur, Ranjangaon near Pune and at Nalagarh in Himachal Pradesh. It was earlier known as Harita Grammer and had a joint venture with Grammer AG of Germany till 2002.In 2002 company pulled out of joint venture and its name was changed to Harita Seating Systems.Company has another joint venture with German based Fehrer for making two wheeler seats ,which is known as Harita Fehrer Ltd.Company’s client list consists of auto majors like Tata Motors, Ashok Leyland, Mahindra & Mahindra, Tafe, John Deere, New Holland TMTL, Escorts, Caterpillar,BEML, Telcon, L & T Komatsu and Volvo.Company also suppliers seats to body builders Jaico, SM Kannappa, ACGL, Amar Coaches, IRIZAR TVS Veera Vahana, HNS Coaches, Damodar coach,Bharat Coach etc. Last year company posted a turnover of Rs.225 Cr and a net loss of Rs.5 Cr .Company is in a turnaround path in this FY and has handsomely made an entry in black.In the short to medium term auto ancillary companies may face some margin pressure ,but long term investors may take it an opportunity to buy good auto ancillary stocks like Harita at dips.
FII & DII ACTIVITY ON 7 MARCH - WEDNESDAY
NOMURA BUYS 16.42 LAC SHARES IN RELIANCE CAP
CLSA BUYS 38.65 LAC SHARES IN RELIANCE POWER
CITI GROUP SELLS 8.16 LAC SHARES IN JET AIRWAYS
LIC BUYS 4.07 LAC SHARES IN POLARIS SOFTWARE
FII & DII ACTIVITY ON 6 MARCH - TUESDAY
CITI GROUP SELLS 25.63 LAC SHARES IN TATA STEEL
LIC SELLS 48.68 LAC SHARES IN RELIANCE POWER
NOMURA BUYS 10.05 LAC SHARES IN SBI
CLSA BUYS 12.87 LAC SHARES IN TITAN INDUSTRIES
LIC SELL 8.61 LAC SHARES IN CHAMBAL FERTILIZER
CITI GROUP BUYS 36.42 LAC SHARES IN HDIL
Tuesday, March 6, 2012
FII & DII ACTIVITY ON 5 MARCH - MONDAY
citi group buying 32. 16 lac shares in reliance infra
Clsa sells 7. 38 lac shares in united spirits
Lic sells 8. 25 lac shares in pantaloon retail
Nomura sells 10. 47 lac shares in tata steel
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 06 - TUESDAY
Nifty closed on a bearish note at 5280. So today the first resistance for nifty is at 5310-15 level. Next resistance ranges are at 5331-35,5347-51,5370-75,5407-12,5434-38,5452-56,5468-73,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5254-50 level. Next supports are at 5230-25,5210-05,5185-82,5168-62,5128-25,5104-99,5078-72 level.Nifty closed on a weak note so today we expect the bear trend to continue if nifty is below 5250 and below 5225 sell off will continue and next major support are at 5205,5160 level on upside if nifty is holding above 5335 then it is good.
Monday, March 5, 2012
STOCK VIEW - IGARA SHI MOTORS
Igarashi Motors Code: 517380 Rs.47
Igarashi Motors is one of the lesser tracked, hardly researched and barely recommended company but is a good turnaround story. Last fiscal, Agile Electric, a subsidiary of HBL Power System executed a share purchase agreement with Igarashi Electric Works, Japan – its erstwhile promoter, for the acquisition of its 35% stake at a
price of Rs.60.74 per share. Further through a preferential/open offer, Agile acquired 28% stake in the company thereby taking its total stake to 63%. Thus Igarashi Motors is now a step down subsidiary of HBL Power System, which currently manages and runs the company. Dr A.J. Prasad, CMD of HBL Power is on the board of the company and takes the key strategic decisions. However the Igarshi group, Japan, still holds 17% stake in the company as a non-promoter and continues to provide technical and strategic support. Igarshi Motors is primarily engaged in the business of assembling DC motors and actuation system for various automotive and non-automotive applications and manufacturing sub assemblies that go into a DC motor. The company has its manufacturing plant in Chennai with an installed capacity to produce 13 million electric micro motors as on 31 March 2011. During FY11, the company produced 11 million electric micro motors as against 8 million produced in FY10. Being 100% EOU, it derives 45% revenue from exports to USA, 25% from Europe and the balance 30% from Asian countries. Notably, the company has established a joint venture with Bosch GmbH in Chennai for developing, manufacturing and selling DC motors and systems for wipers, Heating, Ventilating, and Air Conditioning (HVAC), engine cooling and window lift applications for the Indian automotive market. In this JV,
it holds 26% stake as of date. Financially, the company did extremely well in FY11 and even in the current fiscal, it has registered 35% increase in sales to Rs.194 crore whereas net profit jumped up 55% to Rs.10 crore for the nine months ending 31 December 2011. It may end the current fiscal with profit of Rs.13.50 crore, which can shoot up to Rs.16-18 crore in FY13. At the current market cap of less than Rs.100 crore, it is trading extremely cheap, discounting FY13 EPS by merely 6 times.Although the scrip has appreciated by over 50% in last couple of months, investors can buy now and add more at declines.
price of Rs.60.74 per share. Further through a preferential/open offer, Agile acquired 28% stake in the company thereby taking its total stake to 63%. Thus Igarashi Motors is now a step down subsidiary of HBL Power System, which currently manages and runs the company. Dr A.J. Prasad, CMD of HBL Power is on the board of the company and takes the key strategic decisions. However the Igarshi group, Japan, still holds 17% stake in the company as a non-promoter and continues to provide technical and strategic support. Igarshi Motors is primarily engaged in the business of assembling DC motors and actuation system for various automotive and non-automotive applications and manufacturing sub assemblies that go into a DC motor. The company has its manufacturing plant in Chennai with an installed capacity to produce 13 million electric micro motors as on 31 March 2011. During FY11, the company produced 11 million electric micro motors as against 8 million produced in FY10. Being 100% EOU, it derives 45% revenue from exports to USA, 25% from Europe and the balance 30% from Asian countries. Notably, the company has established a joint venture with Bosch GmbH in Chennai for developing, manufacturing and selling DC motors and systems for wipers, Heating, Ventilating, and Air Conditioning (HVAC), engine cooling and window lift applications for the Indian automotive market. In this JV,
it holds 26% stake as of date. Financially, the company did extremely well in FY11 and even in the current fiscal, it has registered 35% increase in sales to Rs.194 crore whereas net profit jumped up 55% to Rs.10 crore for the nine months ending 31 December 2011. It may end the current fiscal with profit of Rs.13.50 crore, which can shoot up to Rs.16-18 crore in FY13. At the current market cap of less than Rs.100 crore, it is trading extremely cheap, discounting FY13 EPS by merely 6 times.Although the scrip has appreciated by over 50% in last couple of months, investors can buy now and add more at declines.
STOCKS IN THE NEWS FOR THE WEEK AHEAD
* Reliance Industries is seeking an entry into telecom. First it was interested in Himachal Futuristic but now it is MTNL. Await some positive triggers for MTNL.
* Cement shares are rallying an infra-thrust in the ensuing budget. ACC & Ultratech are poised to do well.
* Morgan Stanley makes Tata Motors differential voting rights (DVRs) run the marathon and shrink the gap between old share and itself. In all likelihood, premium of the old over the DVR must not be more than 25% to 30%.
* On the day of counting of ‘votes’, the smart traders will be busy counting ‘notes’! The swing of the pendulum rings in big money. See it for yourself.
* BGR Energy shot up smartly last week as it has been declared lowest bidder for the NTPC boiler order. Book profit now and buy later at sub Rs.300 levels.
* MTNL is contemplating to close down its CDMA operations. The scrip may see some rally once the decision is officially taken and announced.
* At the current market cap of Rs.375 crore, a market veteran advises to buy India Glycols for 6-9 months. Some positive developments are expected to take place in the company.
* McNally Bharat has been consistently bagging good orders and is riding on a robust order book position. It’s worth buying at current levels of Rs.100, with its 52-week high as Rs.250.
* Globus Spirits is expected to post an EPS of over Rs.20 in FY12. The share is going cheap with a P/E of just 5.8 compared to its peers.
* IFB Agro Industries is expected to notch an EPS of Rs.45 the current fiscal. A reasonable P/E of 10 may take the share
price to Rs.450 in the medium-to-long-term.
* Some funds and HNIs are eyeing the counter of MBL Infrastructure, which is expected to register an EPS of Rs.37 in FY12 and Rs.45 in FY13. The share can appreciate by about 30%.
* Large volume has been reported in the counter of Tulsyan NEC. For the last couple of years, the TNEC has been in the news to sell its business to Arcellor-Mittal Group. It is expected to post consolidated EPS of about Rs.14 in FY12.
* Ajanta Pharma, is likely to achieve consolidated EPS of Rs.58 in FY12. It has already received USFDA approval for two-three drugs, which spell bright prospects going ahead. The share is expected to touch Rs.500 mark soon.
* Disa India, which reported Q4CY11 EPS of Rs.82 and Rs.150 in CY11 is tipped to touch Rs.3500 shortly. Disa is expected to record bumper EPS of about Rs.225-250 in CY12 says an analyst tracking the company.
* Cement shares are rallying an infra-thrust in the ensuing budget. ACC & Ultratech are poised to do well.
* Morgan Stanley makes Tata Motors differential voting rights (DVRs) run the marathon and shrink the gap between old share and itself. In all likelihood, premium of the old over the DVR must not be more than 25% to 30%.
* On the day of counting of ‘votes’, the smart traders will be busy counting ‘notes’! The swing of the pendulum rings in big money. See it for yourself.
* BGR Energy shot up smartly last week as it has been declared lowest bidder for the NTPC boiler order. Book profit now and buy later at sub Rs.300 levels.
* MTNL is contemplating to close down its CDMA operations. The scrip may see some rally once the decision is officially taken and announced.
* At the current market cap of Rs.375 crore, a market veteran advises to buy India Glycols for 6-9 months. Some positive developments are expected to take place in the company.
* McNally Bharat has been consistently bagging good orders and is riding on a robust order book position. It’s worth buying at current levels of Rs.100, with its 52-week high as Rs.250.
* Globus Spirits is expected to post an EPS of over Rs.20 in FY12. The share is going cheap with a P/E of just 5.8 compared to its peers.
* IFB Agro Industries is expected to notch an EPS of Rs.45 the current fiscal. A reasonable P/E of 10 may take the share
price to Rs.450 in the medium-to-long-term.
* Some funds and HNIs are eyeing the counter of MBL Infrastructure, which is expected to register an EPS of Rs.37 in FY12 and Rs.45 in FY13. The share can appreciate by about 30%.
* Large volume has been reported in the counter of Tulsyan NEC. For the last couple of years, the TNEC has been in the news to sell its business to Arcellor-Mittal Group. It is expected to post consolidated EPS of about Rs.14 in FY12.
* Ajanta Pharma, is likely to achieve consolidated EPS of Rs.58 in FY12. It has already received USFDA approval for two-three drugs, which spell bright prospects going ahead. The share is expected to touch Rs.500 mark soon.
* Disa India, which reported Q4CY11 EPS of Rs.82 and Rs.150 in CY11 is tipped to touch Rs.3500 shortly. Disa is expected to record bumper EPS of about Rs.225-250 in CY12 says an analyst tracking the company.
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 05 - MONDAY
Nifty closed on a doji at 5359 on special session. So today the first resistance for nifty is at 5375-80 level. Next resistance ranges are at 5398-99,5410-14,5434-38,5452-56,5468-73,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5338-33 level. Next supports are at 5318-14,5285-80,5268-63,5212-17,5177-72,5136-31,5104-99,5078-72 level.Nifty was trendless on special session So today if nifty is below 5314 be very alert and care not to take any long Below 5263 we expect some sell off in coming days and on upside we expect hurdles at 5400 and 5438 level.
Friday, March 2, 2012
MULTIBAGGER STOCK RECOMMENDATION - PENNAR INDUSTRIES
Pennar Industries
pennar industries ltd Pennar Industries Limited having a Marketcap of Rs.458 crores is engaged in manufacturing of steel products, such as Cold Rolled Steel Strips (CRSS) and Cold Formed Metal Profiles. Its heavy engineering products division manufactures floors, side walls, roofs, end walls and doors, as well as under-frame parts for railway wagons and coaches. Its infrastructure division manufactures building products, which include purlins, roofing sheets and deck plates; road safety systems, which include crash barriers for road safety; fabricated products, such as fabrication of heavy structures for industrial buildings, conveyors, racking systems and boilers. Its building and construction division is engaged in the design, manufacture, supply and installation of pre-engineered steel buildings and building components for industries, warehouses, commercial centres, multi- storied buildings, aircraft hangars and stadiums. Five year topline CARG was 26.14 pc and bottomline was 36.7 per cent. Total revenues which were Rs.335 crores in FY07 shot up to Rs.1070 crores in FY2011. PAT which was Rs.14.87 crs zoomed to Rs.70.98 crores in FY2011. Pennar Industries has a asset light business model and hence its Sales/Fixed asset ratio hovers around 4.21. The company is doing annual business in excess of Rs.1000 crores on an Equity base of Rs.61 crores and a Net Fixed Asset base of Rs.155 crores.Moreover the company ’ s Debt-Equity ratio is 0.51 and it has cash and cash equivalent to the tune of Rs. 29.9 crores as at end fiscal 2011. The company ’ s ROE stands at 35 pc while its ROCE is 38 pc. The company has good working capital management in place. Promotors stake stands at 39.13 pc whilst Institutional holding is 23.79 per cent. Considering the business model and the above numbers, the company is likely to do well going forward especially if we take into account that its EPS is around Rs.5.85 which is growing at around 38 per cent p.a.and it pays a dividend too, the dividend yield being 3.3 per cent.
STOCK VIEW - MUTHOOT FINANCE
Muthoot Finance Ltd
cmp:160
Code:533398
Muthoot Finance Limted (MFL) is a "systematically important non-deposit taking NBFC" that is involved in the business of providing loans against gold and is today, considered to be the largest company in India (in terms of loan portfolio, with a gold loan portfolio of Rs.22694 crores provided to over 5.5 million accounts) to be offering this service. It is the flagship company of the Kerala based "Muthoot Group". MFL has an operating history of over seven decades having first started the gold loan business in 1939. However it was only in 2001 that the company secured an NBFC license from the RBI. In addition to the gold loan business, MFL also provides money transfer services through their various branches by acting as sub-agents of various registered money transfer agencies. Recently MFL has also got into the collection agency services. In addition to all of that the company also operates three windmills in the state of Tamil Nadu. Currently MFL has a branch network of 3480 brances (at the end of 9MFY12) with 64% of the branches located in the Southern territories of the country. At the end of FY11 the company had an employee strength of 16668 employees.Muthoot Finance Limited (MFL) is a non-deposit taking NBFC primarily involved in financing personal and business loans secured by gold as collateral. The company has been in this business for over seven decades and today enjoys market leadership in the gold market estimated to be around 19.5%. The company's business model is well poised to flourish in an era where people's appetite for gold (and the ensuing sentimentality associated with possessing the metal) is increasing by the day. The Indian NBFC sector plays a very important role in financial intermediation in the country, accounting for around 9-10% of the total financial assets in the system and their fundamental importance to the country's development is set to continue. However going forward the situation is likely to be a lot more challenging as the NBFC sector seeks to grapple with the twin issues of diminishing competitive advantages (weaker barriers to entry) and greater regulatory pressures.Prospect looks bright for the counter.Buy it with a target of 192 in mind on a 12 month horizon.
cmp:160
Code:533398
Muthoot Finance Limted (MFL) is a "systematically important non-deposit taking NBFC" that is involved in the business of providing loans against gold and is today, considered to be the largest company in India (in terms of loan portfolio, with a gold loan portfolio of Rs.22694 crores provided to over 5.5 million accounts) to be offering this service. It is the flagship company of the Kerala based "Muthoot Group". MFL has an operating history of over seven decades having first started the gold loan business in 1939. However it was only in 2001 that the company secured an NBFC license from the RBI. In addition to the gold loan business, MFL also provides money transfer services through their various branches by acting as sub-agents of various registered money transfer agencies. Recently MFL has also got into the collection agency services. In addition to all of that the company also operates three windmills in the state of Tamil Nadu. Currently MFL has a branch network of 3480 brances (at the end of 9MFY12) with 64% of the branches located in the Southern territories of the country. At the end of FY11 the company had an employee strength of 16668 employees.Muthoot Finance Limited (MFL) is a non-deposit taking NBFC primarily involved in financing personal and business loans secured by gold as collateral. The company has been in this business for over seven decades and today enjoys market leadership in the gold market estimated to be around 19.5%. The company's business model is well poised to flourish in an era where people's appetite for gold (and the ensuing sentimentality associated with possessing the metal) is increasing by the day. The Indian NBFC sector plays a very important role in financial intermediation in the country, accounting for around 9-10% of the total financial assets in the system and their fundamental importance to the country's development is set to continue. However going forward the situation is likely to be a lot more challenging as the NBFC sector seeks to grapple with the twin issues of diminishing competitive advantages (weaker barriers to entry) and greater regulatory pressures.Prospect looks bright for the counter.Buy it with a target of 192 in mind on a 12 month horizon.
FII & DII ACTIVITY ON 1 MARCH - THURSDAY
CITI GROUP SELLS 14.82 LAC SHARES IN BGR ENERGY
LIC BUYS 7.48 LAC SHARES IN MARUTI SUZUKI
CLSA SELLS 6.23 LAC SHARES IN JET AIRWAYS
NOMURA ASIA SELLS 32.90 LAC SHARE IN DLF
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 2 - FRIDAY
Nifty closed weaker at 5339. So today the first resistance for nifty is at 5365-70 level. Next resistance ranges are at 5385-89,5409-13,5430-35,5449-54,5468-73,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5320-15 level. Next supports are at 5291-87,5270-66,5250-47,5212-17,5177-72,5136-31,5104-99,5078-72 level.Nifty again closed lower So today if nifty is below 5290 stay away from long side and next supports we are expecting are at 5208 and 5172 level On upside if nifty is holding above 5390 it is good.
Thursday, March 1, 2012
FII & DII ACTIVITY ON 29 FEBRAURY - WEDNESDAY
lic buys 41. 08 lac shares in ivrcl infra
Black stone buys 19. 56 lac shares in pantaloon retail
Clsa sells 10. 21 lac shares in chambal fertilizer
Citi group buys 8. 92 lac shares in hpcl
NIFTY LEVELS & INTRADAY TREND ANALYSIS FOR MARCH 1 - THURSDAY
Nifty opened on a bull note but dragged away from highs to close slightly up at 5385. So today the first resistance for nifty is at 5410-15 level. Next resistance ranges are at 5447-52,5468-73,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5358-53 level. Next supports are at 5325-20,5281-77,5266-62,5217-14,5178-73,5136-31,5104-99,5078-72 level.The nifty opened today on a bull note but all the gains have erased So today if nifty is below 5350 be alert and below 5320 trend will become bear and on upside a move above 5452 is required for the trend to become stronger.
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