INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Monday, July 30, 2012

STOCKS IN THE NEWS FOR THE WEEK

* After the standoff with its workers in Haryana Maruti Suzuki is actively considering coming to Sanand in Gujarat and join the league of Tata Motors, Hero Motors and M&M etc. at this new destination.
* HCL Technologies was seen in Infosys’ shadow as far as progress in Q1 is concerned. Almost all the analysts thought it shall go its peer way….but hold your breath here is the result, which beat all the estimates and proved a point that it is alive and not dead or dormant as you may think.
* Lavasa is back in the news for the right reasons. It seems HCC Ltd. has settled all its problems politically and is back to work. The scrip may have been dropped from F&O segment but its future looks much better now.
* Fast food majors like McDonalds, KFC, Dominos, Pizza Hut are all going through a tough time with single digit growth in Q1FY13 against double digit growth in Q1FY12. Jubilant Foodworks stock may react.
* Sugar seems to be turning bitter at Rs.42 a kilo. The commodity has appreciated over 20% in the last ten days. Book profits in sugar stocks as the government will surely try and tame sugar prices.
* Jaiprakash Associates and JP Power are burdened with huge foreign currency debts and the group is selling parts of its business ventures to repay its debts. Selling its cement plants may be the beginning of the end!
* Trading pattern suggests something is cooking in the J. Kumar Infraprojects counter given the sudden uptick. It may make some good announcement in August 2012.
* Raj Oil Mills is contemplating a GDR issue because of which its share price is artificially kept in action. Stay away from the counter.
* Share price of sugar companies like Balrampur Chini, Bajaj Hindustan etc. have risen on the back of higher prices. But don’t get tempted & book profits as sugar cane prices have also increased due to poor rainfall & other factors.
* Fairfiled Atlas is looking bullish on the charts. Keep a close watch.
* Almost 51 stocks are being dropped from the F&O segment due to new eligibility criteria on the NSE. Going forward, only 157 scrips will remain in the F&O list from 208 at present.
* Last Thursday, Tulip Telecom witnessed a scary free fall of almost 95% in a single trading session. Although the company has clarified that its business operations are in order, investors should wait and watch and avoid buying at current levels.
* In the current market sentiment, investors should adopt a cautious approach and make staggered buying in scrips like BEML, Escorts, Monsanto India, Torrent Power etc.
* Last week, a major fire broke out at the Kadi (Gujarat) plant of Hitachi Home & Life Solutions. Scrip may correct 30- 40% from the current level in the near future. Exit immediately.
* Reliance Power’s Rosa plant in Uttar Pradesh is now operational. The combined capacity of phase I & II is around 1200 MW (600 MW each). Its coal based 600 MW Butibori Power Project in Maharashtra, has also been synchronized and is expected to go on-stream anytime from now. Many marketmen project a price target of Rs.114-155 for the scrip.
* Tata Power, Reliance Power and KSK Energy Ventures will benefit by the price pooling of imported and domestic coal supplies by Coal India to power companies.
* Some marketmen have given Rs.32-37 as the next target for Vijay Shanthi Builders, which was on the verge of hitting 2nd consecutive buyer freeze on Friday.
* Many analysts are bullish on Anant Raj Industries in view of it developing its 160 acres land at Gurgaon and bookings worth Rs.500 crore.
* An Ahmedabad based technical analyst forecasts a breakout in Jyoti Structures, Gulshan Polyols, Thinksoft and Shreyas Shipping Logistics.

1 comment:

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