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Tuesday, August 28, 2012
SHORT TERM BUY - SUTLEJTEX
BSE: 532782 NSE: SUTLEJTEX CMP: 180.00 Buy sutlejtex around 180.00 and below levels for a short term target of 205.00 with a stoploss of 170.00. time frame one to two months.
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 28 - TUESDAY
Nifty closed on bear trend at 5350 level. So today the first resistance for nifty is at 5375-78 level. Next resistance ranges are at 5398-03,5418-21,5445-50,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5332-28 level. Next supports are at 5318-15,5300-97,5281-78,5265-60,5240-35,5218-15,5192-87,5170-65,5149-46,5113-07 level.So today intra resistance are at 5378,5403 and 5421 level and on downside be alert below 5328 level and avoid longs below 5297 level. Positional Support for NIFTY 5263 5261 5233 5174 5148 5106 and positional Resistance for NIFTY is 5362 5387 .
Intraday Resistance of NIFTY are 5411/5431.2/5482.6/5502.3/5539.7/5577.1
Intraday Support of NIFTY are 5362.4/5342.2/5300.2/5280.9/5244.4/5208.1
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
Intraday Resistance of NIFTY are 5411/5431.2/5482.6/5502.3/5539.7/5577.1
Intraday Support of NIFTY are 5362.4/5342.2/5300.2/5280.9/5244.4/5208.1
Oscillator AnalysisNIFTY is now trading in highly overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.
Monday, August 27, 2012
NIFTY LEVELS - INTRADAY TRENA ANALYSIS FOR AUGUST 27 - MONDAY
Nifty closed on bear trend at 5386 level. So today the first resistance for nifty is at 5399-01 level. Next resistance ranges are at 5415-19,5433-38,5470-75,5506-11,5530-34,5547-50,5563-66 levels. On downside first support is at 5362-58 level. Next supports are at 5340-35,5305-00,5263-58,5240-35,5218-15,5192-87,5170-65,5149-46,5113-07 level.So today intra resistance are at 5419,5438 and 5475 level and on downside be alert below 5358 level and avoid longs below 5335 level.Positional Support for NIFTY 5363 5331 5259 5256 5227 5167 5149 5106 and positional Immediate resistance for NIFTY is 5460.
Oscillator AnalysisNIFTY is now trading in highly overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator AnalysisNIFTY is now trading in highly overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Sunday, August 26, 2012
STOCKS AT A GLANCE
Lloyd Electric (Rs.50.60) is a leading manufacturer of heat exchanger coils serving the Heating, Ventilation, Airconditioning and Refrigeration (HVAC & R) Industry. The company is an original equipment manufacturer (OEM) supplier to AC manufacturers and provides customized AC solutions to institutional clients like the Railways and Defence. Lloyd has further expanded in the transport segment and has developed new models.
For the full year FY12, net profit stood at Rs.35.69 crore as against Rs.36.06 crore in FY11. Sales rose 15.33% in FY12 to Rs.902.17 crore from Rs.782.28 crore in FY11. For Q1FY13, it has reported a sales turnover of Rs.311.97 crore with net profit of Rs.15.04 as against the sales turnover of Rs.252.41 crore with net profit of Rs.10.91 crore in Q1FY12.
Seeing to the difficult business sentiment, the company has performed better compared to competitors like Mirc
Electronics, Hitachi home etc. the stock likely to get rerated, because of its consistent performance.
The book value of the share is Rs.151 but the stock is trading at almost 1/3rd of the book value. Investors can accumulate this stock on dips as valuation is cheap compared to companies like Blue Star & Hitachi Home.
* Astra Microwave Products (Rs.43) reported sales of Rs.210 crore in FY12, which is likely to move up to Rs.300 crore in the current year. Company has orders in hand worth Rs.940 crore compared to Rs.766 crore a few months back of this, Rs.450 crore is for exports mainly to Israel.
The outstanding order position as of 26 April 2012 was as follows: Most of these orders are executable in the next 18 to 24 months period. In Q1FY13, dispatches were low but likely to improve from Q2. Company
has decent ROCE of 30%. It is almost debt-free getting good advance against orders. There is promoter buying from the market in small quantities over the last few weeks. Risk factors: 1) Company's main source of revenue is the Defence market more particularly the strategic stream of Defence. Most of these projects
are initiated, designed and developed by DRDO labs and driven by government, policies and priorities. Although it can project and complete the product development in the time lines indicated, conversion of that to recognizable quantum of orders lies mainly on Government decisions. This results in an uneven and skewed pattern of sales, which is beyond the control of the company. 2) Promoter holding is low.
* Karma Energy (Rs.11.10) is into power generation from renewable energy sources primarily wind and small hydel. The company invests in projects directly or invests in equities of Special Purpose Companies (SPCs), which are into development of renewable energy projects. Most such SPCs are its subsidiaries. At present, the company has aggregate capacity of its installed wind farms is about 30 MW and that of hydel power is 3.5MW. The book value of its share is Rs.37 and with an EPS of Rs.2, it is trading at Rs.11.5, which is cum 5% dividend on the face value of Rs.10 per share. Investors can safely accumulate this stock on dips for good dividends and decent long term growth as its market cap is just Rs.12.87 crore.
* Wim Plast (Rs.273) is a company belonging to the ‘Cello’ group. Valuation of the company is attractive as the share book value is Rs.170. With an EPS of Rs.37, the stock is trading at P/E multiple of 7.4. Investors can continue to hold or add on dips for higher targets.
* Butterfly Gandhimathi Appliances (Rs.328.95) is hopeful of orders worth Rs.400 crore from a bid of around Rs.1300 crore from the Tamil Nadu Government. From its Rs.40 crore on recent preferential issue at Rs.398
premium, the company has repaid its high cost loan of Rs.30 crore. It will use Rs.40 crore on capex and Rs.30
crore for working capital requirement. This will reduce its interest burden sharply. The stock has come down
to current levels from a high of Rs.420. Investors who sold at higher levels can now accumulate on dips.
* Since KCP Ltd.’s (Rs.34.65) cement manufacturing and marketing is south based, where price realisation
is good, the benefit of increased capacity will accrue in the current year. Investors can accumulate this stock in
the core portfolio. Among stocks scheduled to delist BOC looks good. Investors can keep a watch to add on dips. Bayer Crop Science is another good stock worth a watch and to add on dips.
* Investors can book partial profits in Andhra Sugar (Rs.151.05) and switch to KCP Sugar (Rs.19.3).
* RS Software (Rs.143.45) stock is very firm at Rs.143. Investors can continue to hold the same for higher targets.
* Kesar Terminals (Rs.64.15) is a consistent performer. Its outlook is encouraging as the project for setting up a
'Composite Logistics Hub' at Pawarkheda in its subsidiary Kesar Multimodal Logistics Ltd. is likely to boost valuation in the long run. Its current market cap is just Rs.35 crore and the stock is cum 25% dividend. Investors can accumulate this stock on dips for decent long-term growth
* Stocks planning to delist are again in action. Investors can continue to hold BOC, Disa, Oracle, A P Paper etc.
For the full year FY12, net profit stood at Rs.35.69 crore as against Rs.36.06 crore in FY11. Sales rose 15.33% in FY12 to Rs.902.17 crore from Rs.782.28 crore in FY11. For Q1FY13, it has reported a sales turnover of Rs.311.97 crore with net profit of Rs.15.04 as against the sales turnover of Rs.252.41 crore with net profit of Rs.10.91 crore in Q1FY12.
Seeing to the difficult business sentiment, the company has performed better compared to competitors like Mirc
Electronics, Hitachi home etc. the stock likely to get rerated, because of its consistent performance.
The book value of the share is Rs.151 but the stock is trading at almost 1/3rd of the book value. Investors can accumulate this stock on dips as valuation is cheap compared to companies like Blue Star & Hitachi Home.
* Astra Microwave Products (Rs.43) reported sales of Rs.210 crore in FY12, which is likely to move up to Rs.300 crore in the current year. Company has orders in hand worth Rs.940 crore compared to Rs.766 crore a few months back of this, Rs.450 crore is for exports mainly to Israel.
The outstanding order position as of 26 April 2012 was as follows: Most of these orders are executable in the next 18 to 24 months period. In Q1FY13, dispatches were low but likely to improve from Q2. Company
has decent ROCE of 30%. It is almost debt-free getting good advance against orders. There is promoter buying from the market in small quantities over the last few weeks. Risk factors: 1) Company's main source of revenue is the Defence market more particularly the strategic stream of Defence. Most of these projects
are initiated, designed and developed by DRDO labs and driven by government, policies and priorities. Although it can project and complete the product development in the time lines indicated, conversion of that to recognizable quantum of orders lies mainly on Government decisions. This results in an uneven and skewed pattern of sales, which is beyond the control of the company. 2) Promoter holding is low.
* Karma Energy (Rs.11.10) is into power generation from renewable energy sources primarily wind and small hydel. The company invests in projects directly or invests in equities of Special Purpose Companies (SPCs), which are into development of renewable energy projects. Most such SPCs are its subsidiaries. At present, the company has aggregate capacity of its installed wind farms is about 30 MW and that of hydel power is 3.5MW. The book value of its share is Rs.37 and with an EPS of Rs.2, it is trading at Rs.11.5, which is cum 5% dividend on the face value of Rs.10 per share. Investors can safely accumulate this stock on dips for good dividends and decent long term growth as its market cap is just Rs.12.87 crore.
* Wim Plast (Rs.273) is a company belonging to the ‘Cello’ group. Valuation of the company is attractive as the share book value is Rs.170. With an EPS of Rs.37, the stock is trading at P/E multiple of 7.4. Investors can continue to hold or add on dips for higher targets.
* Butterfly Gandhimathi Appliances (Rs.328.95) is hopeful of orders worth Rs.400 crore from a bid of around Rs.1300 crore from the Tamil Nadu Government. From its Rs.40 crore on recent preferential issue at Rs.398
premium, the company has repaid its high cost loan of Rs.30 crore. It will use Rs.40 crore on capex and Rs.30
crore for working capital requirement. This will reduce its interest burden sharply. The stock has come down
to current levels from a high of Rs.420. Investors who sold at higher levels can now accumulate on dips.
* Since KCP Ltd.’s (Rs.34.65) cement manufacturing and marketing is south based, where price realisation
is good, the benefit of increased capacity will accrue in the current year. Investors can accumulate this stock in
the core portfolio. Among stocks scheduled to delist BOC looks good. Investors can keep a watch to add on dips. Bayer Crop Science is another good stock worth a watch and to add on dips.
* Investors can book partial profits in Andhra Sugar (Rs.151.05) and switch to KCP Sugar (Rs.19.3).
* RS Software (Rs.143.45) stock is very firm at Rs.143. Investors can continue to hold the same for higher targets.
* Kesar Terminals (Rs.64.15) is a consistent performer. Its outlook is encouraging as the project for setting up a
'Composite Logistics Hub' at Pawarkheda in its subsidiary Kesar Multimodal Logistics Ltd. is likely to boost valuation in the long run. Its current market cap is just Rs.35 crore and the stock is cum 25% dividend. Investors can accumulate this stock on dips for decent long-term growth
* Stocks planning to delist are again in action. Investors can continue to hold BOC, Disa, Oracle, A P Paper etc.
STOCKS IN THE NEWS FOR THE WEEK
Manoj Gaur is considered to be a lucky mascot. “His companies JP Associates, JP Infra and JP Power have feathers to attach to his cap" says a leading analyst. All the three companies qualify to become their favourites.
* NANO remains Ratan Tata’s dream even today. He offers his service to support this prestigious venture post
retirement. Tata Motors thus has a guardian angel look after it even on attaining majority!
* Whether the monsoon is average or below average, M&M shall give a big thrust to all its new ventures, now that it is no more dependent on domestic demand of utility vehicles and tractors. Europe, Africa remains its new virgin markets.
* Nomura gives a buy call on Lanco Infratel, while CLSA issues a hold call on L&T.
* Is Rakesh Jhunjhunwala turning into a spent force like ‘Ek Tha Tiger’?
* Big Bazaar's Mumbai Central unit is closed as there were more jaywalkers than serious buyers. Is this the beginning of the end of the mall culture? Or are Mumbai rentals too high to sustain the retail business?
* Balaji Amines has attracted market attention and is moving up with good volumes. It can appreciate another 20% in coming weeks. Keep a watch.
* Centenial Sutures has created a record of hitting upper circuits. Its share price has risen 15 times from Rs.2 to Rs.30 in the last 10 months. At a market cap of Rs.10 crore, it’s still not expensive. Catch it if you can.
* Indoco Remedies is in action after a long time. Investors can book partial profits now and exit fully on a further 15- 20% rise.
* Sona Koyo Steerings is witnessing some serious buying and the scrip may hit new highs soon. Hold on to your
positions.
* Instead of divestment, the government is raising its stake in IFCI by converting Rs.923 crore worth optionally
convertible debentures into equity. Scrip may languish with a downward bias. Exit immediately.
* Plethico Pharma is on a free fall as the lenders with pledged shares have triggered sell off in the open market. Longterm retail investors can buy once the selling is over and the share price stabilizes.
* Finally, the loss making MTNL is planning to surrender its Delhi and Mumbai broadband spectrum for over Rs.4500 crore and leasing out its land and building infrastructure. A high risk, high return bet.
* Opto Circuits has corrected sharply in the recent past. Long term investors can start buying in small lots and
accumulate at sharp declines.
* A technical analyst recommends Chamanlal Sethia, Helios Matheson and Midfield Industries (cum 25% dividend) as hot buys for this week.
* NANO remains Ratan Tata’s dream even today. He offers his service to support this prestigious venture post
retirement. Tata Motors thus has a guardian angel look after it even on attaining majority!
* Whether the monsoon is average or below average, M&M shall give a big thrust to all its new ventures, now that it is no more dependent on domestic demand of utility vehicles and tractors. Europe, Africa remains its new virgin markets.
* Nomura gives a buy call on Lanco Infratel, while CLSA issues a hold call on L&T.
* Is Rakesh Jhunjhunwala turning into a spent force like ‘Ek Tha Tiger’?
* Big Bazaar's Mumbai Central unit is closed as there were more jaywalkers than serious buyers. Is this the beginning of the end of the mall culture? Or are Mumbai rentals too high to sustain the retail business?
* Balaji Amines has attracted market attention and is moving up with good volumes. It can appreciate another 20% in coming weeks. Keep a watch.
* Centenial Sutures has created a record of hitting upper circuits. Its share price has risen 15 times from Rs.2 to Rs.30 in the last 10 months. At a market cap of Rs.10 crore, it’s still not expensive. Catch it if you can.
* Indoco Remedies is in action after a long time. Investors can book partial profits now and exit fully on a further 15- 20% rise.
* Sona Koyo Steerings is witnessing some serious buying and the scrip may hit new highs soon. Hold on to your
positions.
* Instead of divestment, the government is raising its stake in IFCI by converting Rs.923 crore worth optionally
convertible debentures into equity. Scrip may languish with a downward bias. Exit immediately.
* Plethico Pharma is on a free fall as the lenders with pledged shares have triggered sell off in the open market. Longterm retail investors can buy once the selling is over and the share price stabilizes.
* Finally, the loss making MTNL is planning to surrender its Delhi and Mumbai broadband spectrum for over Rs.4500 crore and leasing out its land and building infrastructure. A high risk, high return bet.
* Opto Circuits has corrected sharply in the recent past. Long term investors can start buying in small lots and
accumulate at sharp declines.
* A technical analyst recommends Chamanlal Sethia, Helios Matheson and Midfield Industries (cum 25% dividend) as hot buys for this week.
Friday, August 24, 2012
TARGET HIT - HERITAGE FOODS MADE A HIGH 293.00
On july 4th heritage foods recommended at 154.00 for a short term target of 168.00 and a long term target of 228.00. both targets met in very short period, in just two months heritage foods yesterday touched a high of 293.00.will hit 300.00 levels in few days
SHORT TERM BUY - NESCO
NESCO
NIFTY LEVELS INTRADAY TREND ANALYSIS FOR AUGUST 24 - FRIDAY
Nifty closed almost unchanged at 5415 level. So today the first resistance for nifty is at 5430-34 level. Next resistance ranges are at 5449-54,5470-75,5506-11,5547-50,5563-66 levels. On downside first support is at 5388-83 level. Next supports are at 5363-58,5330-25,5305-01,5263-58,5245-42,5225-20,5192-87,5170-65,5149-46,5113-07 level.So today intra resistance are at 5434,5454 and 5475 level and on downside be alert below 5383 level and avoid longs below 5358 level. Positional Support for NIFTY 5358 5322 5252 5250 5222 5159 5148 5105 and positional Immediate resistance for NIFTY is 5460.
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region.
Sunday, August 19, 2012
STOCJK VIEW - SEAMEC LTD
SEAMEC Ltd. Code: 526807 CMP: Rs.87.15
After a fanstastic Q4FY12, SEAMEC Ltd. has once again reported a terrific Q1FY13 as both its revenue net profit shot up 60% to Rs.74 crore & Rs.14 crore respectively. Actually, FY12 was one of the bad years for the company due to external market conditions. It suffered a serious setback with the detention of two of its vessels by customs on arrival in Mumbai in November 2011 for want of Bill of Entry of original import. The vessels were finally released in January 2012 on order of the High Court in Bombay. This detention forced the company to bear a loss of revenue, operation costs and liquidated damages for delay in delivery of vessel for an ONGC job. Hence the overall deployment of its vessels was at 65% for the entire FY12. Further, Directorate of Revenue Intelligence (DRI) searched its offices and provisionally assessed duty of Rs.12.6 crore on repairs / modifications done outside India. The company paid the amount ‘Under Protest’ subject to adjudication. Final assessment is under process. Due to these factors, it suffered a loss of Rs.10.5 crore in FY12, which was siginificantly lower than the Rs.66.7 crore loss it suffered in FY11. Despite all such challenges, company continues to retain its debt-free status. Although its cash balance was reduced to Rs.41.6 crore by end FY12 from Rs.202.5 crore at the start, it owns and operates four multi support vessels and an additional vessel under Bareboat charter from its wholly owned subsidiary effective January 2012. One of the vessels has undergone modification / upgradation for deployment on a long term contract of 3 years with ONGC from end January 2012. Since the present situation is pretty stable, the company is expected to fare much better with a PAT of over Rs.50 crore for FY13. At the current market cap of less than Rs.300 crore it’s a screaming buy.
STOCKS IN THE NEWS FOR THE WEEK
*Cera Sanitaryware has appreciated siginificantly in the last six months or so. Best time to book profit and not be greedy.
* Share price of Dishman Pharma has trebled from the low made in November 2011. Although it acquired a French company this year, fundamentally it is overvalued. Exit immediately.
* Keep a close track of Relaxo Footwear. Its the next BATA in making.
* Banco Products have reported poor performance for June 2012 quarter. Scrip may continue its downward journey. Stay away
* To reward shareholders, Geodesic has decided buyback upto 25% of equity shares via open offer through stock exchanges. Stock may shoot up another 25-30% in the short term.
* JK Tyres is under a strong bull grip. Ride the wave, still a lot of steam left
* Operators are active again in Page Industries. Scrip may continue to make new highs but retail investors should not get lured in this dirty game.
* Something is really fishy in the Glodyne Technoserve counter. Even after the AGM, the scrip continues to hit a multiyear low. Are marketmen smelling another Satyam?
* The strike at Maruti Suzuki may have ended but the cost to restart the Manesar plant is heavy given the hike in salary and housing facilities. A big dent in its bottom line will be visible from hereon.
* Both PSU and private banks are seeking easier NPA norms. If this is allowed, their final accounts will be taken with a pinch of salt.
* Retail investors must avoid playing in momentum counters as the probability of a reaction is very high. This is the view of the analysts at a renowned broking outfit.
* HDFC Bank may reduce interest rates in every segment except auto loans.
* Mahindra & Mahindra may be a medium sized company in India but it is a major auto player in Srilanka. The scrip is likely to cross its 52 week high.
* Fake Viagra has a greater turnover than the counterfeit notes in this part of the world. Pfizer which makes the original Viagra is moving the government to protect its interest...
* The stock market, which has a strong BJP following, feels that the Lok Sabha and assembly elections may be
simultaneous in 2013. This suits the NDA now that it has many scores to settle with the UPA.
* A Gujarat based technical analyst forecasts an upmove in Chartered Logistics, Helios & Matherson, Karur KCP Packagings, Mazda Ltd. and Shreyas Shipping.
* Share price of Dishman Pharma has trebled from the low made in November 2011. Although it acquired a French company this year, fundamentally it is overvalued. Exit immediately.
* Keep a close track of Relaxo Footwear. Its the next BATA in making.
* Banco Products have reported poor performance for June 2012 quarter. Scrip may continue its downward journey. Stay away
* To reward shareholders, Geodesic has decided buyback upto 25% of equity shares via open offer through stock exchanges. Stock may shoot up another 25-30% in the short term.
* JK Tyres is under a strong bull grip. Ride the wave, still a lot of steam left
* Operators are active again in Page Industries. Scrip may continue to make new highs but retail investors should not get lured in this dirty game.
* Something is really fishy in the Glodyne Technoserve counter. Even after the AGM, the scrip continues to hit a multiyear low. Are marketmen smelling another Satyam?
* The strike at Maruti Suzuki may have ended but the cost to restart the Manesar plant is heavy given the hike in salary and housing facilities. A big dent in its bottom line will be visible from hereon.
* Both PSU and private banks are seeking easier NPA norms. If this is allowed, their final accounts will be taken with a pinch of salt.
* Retail investors must avoid playing in momentum counters as the probability of a reaction is very high. This is the view of the analysts at a renowned broking outfit.
* HDFC Bank may reduce interest rates in every segment except auto loans.
* Mahindra & Mahindra may be a medium sized company in India but it is a major auto player in Srilanka. The scrip is likely to cross its 52 week high.
* Fake Viagra has a greater turnover than the counterfeit notes in this part of the world. Pfizer which makes the original Viagra is moving the government to protect its interest...
* The stock market, which has a strong BJP following, feels that the Lok Sabha and assembly elections may be
simultaneous in 2013. This suits the NDA now that it has many scores to settle with the UPA.
* A Gujarat based technical analyst forecasts an upmove in Chartered Logistics, Helios & Matherson, Karur KCP Packagings, Mazda Ltd. and Shreyas Shipping.
Friday, August 17, 2012
SHORT TERM BUY - NATRAJ PROTEINS
Natraj Proteins
NIFTY LEVELS INTRADAY TREND ANALYSIS FOR AUGUST 17 - FRIDAY
Nifty closed on slight bear trend at 5362 level. So today the first resistance for nifty is at 5381-84 level. Next resistance ranges are at 5399-03,5421-25,5436-40,5459-64,5483-85,5513-184levels. On downside first support is at 5342-37 level. Next supports are at 5320-15,5286-81,5266-62,5245-40,5217-13,5192-87,5170-65,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10 level.So today intra resistance are at 5384,5403 and 5425 level and on downside be alert below 5337 level and avoid longs below 5315 level..
Thursday, August 16, 2012
STOCKVIEW - SIMRAN FARMS
Simran Farms Ltd
cmp:23 bse: 519566
Simran Farms is managed by Mr. Harender Singh Bhatia who is a veteran in poultry industry with 32 years of rich experience in all the facets of poultry industry right from poultry keeping, feed management, farm management, hatching of eggs, management of hatcheries to marketing of chicks, eggs & birds. His contribution in the development and growth of poultry industry in Madhya Pradesh is very well recognised.Since inception, i.e., since 1989, Simran Farms has seen many ups and downs of poultry industry and it is worthwhile to note here that the management of the company has depicted its competitive strength by sticking to the same line of business despite severe recessionary trends that poultry industry went through since last many years. The management of the company not only enabled the company to sail through the recessionary phase but proactively built pillars for exponential growth of the company during good phase of poultry industry.Simran Farms Limited is a 23 year old company operating in poultry industry. Under the broad spectrum of poultry industry, Simran Farms is mainly engaged in Parent Poultry Breeding activities and Commercial Broilers. The Company has most modernised parent poultry breeding farms near Indore in Madhya Pradesh and commercial broiler farms in Madhya Pradesh, Chattishgarh, Gujarat & Maharashtra.Simran is a company which is transforming itself into a mid-cap from a small-cap player operating in an industry which has just started its boom cycle (normally boom cycle in poultry industry lasts for four years.Its having negligible debt on its books.The company is likely to achieve operational efficiencies because of scale, falling input prices, rising output prices, backward integration initiatives.The pace at which Simran Farms is growing and the aggresive management style that the current management of the company is adopting, will surely make Simran Farms a completely integrated end-to-end player in the poultry industry with a presence in all segments of the curve.The consolidation of the company as well as group firms and the initiatives like in-house feed-production, contract farming, etc. will dramatically improve profitability of the company in the coming years.Its also available at a low single digit forward PE.Simran Farms is a safe bet in current market with very little downside risk and decent upside potential.
cmp:23 bse: 519566
Simran Farms is managed by Mr. Harender Singh Bhatia who is a veteran in poultry industry with 32 years of rich experience in all the facets of poultry industry right from poultry keeping, feed management, farm management, hatching of eggs, management of hatcheries to marketing of chicks, eggs & birds. His contribution in the development and growth of poultry industry in Madhya Pradesh is very well recognised.Since inception, i.e., since 1989, Simran Farms has seen many ups and downs of poultry industry and it is worthwhile to note here that the management of the company has depicted its competitive strength by sticking to the same line of business despite severe recessionary trends that poultry industry went through since last many years. The management of the company not only enabled the company to sail through the recessionary phase but proactively built pillars for exponential growth of the company during good phase of poultry industry.Simran Farms Limited is a 23 year old company operating in poultry industry. Under the broad spectrum of poultry industry, Simran Farms is mainly engaged in Parent Poultry Breeding activities and Commercial Broilers. The Company has most modernised parent poultry breeding farms near Indore in Madhya Pradesh and commercial broiler farms in Madhya Pradesh, Chattishgarh, Gujarat & Maharashtra.Simran is a company which is transforming itself into a mid-cap from a small-cap player operating in an industry which has just started its boom cycle (normally boom cycle in poultry industry lasts for four years.Its having negligible debt on its books.The company is likely to achieve operational efficiencies because of scale, falling input prices, rising output prices, backward integration initiatives.The pace at which Simran Farms is growing and the aggresive management style that the current management of the company is adopting, will surely make Simran Farms a completely integrated end-to-end player in the poultry industry with a presence in all segments of the curve.The consolidation of the company as well as group firms and the initiatives like in-house feed-production, contract farming, etc. will dramatically improve profitability of the company in the coming years.Its also available at a low single digit forward PE.Simran Farms is a safe bet in current market with very little downside risk and decent upside potential.
NIFTY LEVELS INTRADAY TREND ANALYSIS FOR AUGUST 16 - THURSDAY
Nifty closed on bull trend at 5380 level. So today the first resistance for nifty is at 5396-99 level. Next resistance ranges are at 5415-20,5436-40,5462-66,5483-85,5510-14levels. On downside first support is at 5363-60 level. Next supports are at 5346-41,5325-20,5305-00,5269-65,5245-40,5217-13,5192-87,5170-65,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10 level.So today intra resistance are at 5415,5440 and 5466 level and on downside be alert below 5341 level . Positional Support for NIFTY 5290 5236 5221 5218 5188 5139 5119 5102 and positional Immediate resistance for NIFTY is 5398.
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Tuesday, August 14, 2012
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 14 - TUESDAY
Nifty closed on slght bull trend at 5347 level. So today the first resistance for nifty is at 5370-74 level. Next resistance ranges are at 5392-97,5433-38,5467-70,5483-85levels. On downside first support is at 5324-20 level. Next supports are at 5303-98,5278-75,5245-40,5217-13,5192-87,5170-65,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10 level.So today if below 5298 be very alert and avoid longs below that level and on upside intra resistance are at 5374,5397 and 5438 level.
Monday, August 13, 2012
STOCKS AT A GLANCE
* Haldyn Glass (Rs.16.70) which was recommended at Rs.12/13 level recently has reported encouraging results for the June 2012 quarter as net profit jumped by 48 % Rs.7.24 crore on sales of Rs.42.78 crore. Operating margins improved from 24.5% to 30.2% while net profit margins improved from 12.33% to 16.92%. The margins of the company are the best in the industry. Stock is cum dividend and investors can continue to hold this stock or even accumulate on dips for decent long term
growth.
* Hind Rectifier (Rs.43.60): Seeing to the nature of business & execution cycle of business investors should not see quarter to quarter in this business. Its 1st quarter profit is down Investors can take this opportunity to accumulate this stock on dips. Management has confidently given better outlook in the recent AGM and projected sales of Rs.150 crore with net profit of around Rs.14/15 crore barring unforeseen circumstances.
* Modison Metals (Rs.41) has projected sales of around Rs.200 crore in the recent AGM though profit margins are likely to remain in pressure till we see a pick-up in the economy. Investors can continue to hold this stock. Near-term trigger in the stock is the technology & financial tie-up with strategic investors, which is likely to rerate the stock whenever that happens.
* Premier Ltd. (Rs.70.15) has reported good improvement in the 4th quarter of last year, if the company is able to report similar growth in future, we may see the stock getting rerated. Main trigger for the company is the sale of land, which is likely to make the company debt-free. Company is also hopeful about sales of its SUV, RIO, as FIAT India Automobiles Ltd. have signed a three year agreement for the supply of FIATs 1.3 litre multi-jet diesel engine to be used in Premiers compact SUV RiO.' Stock is cum dividend 30% at current levels.
* Manali Petro (Rs.10.55) has reported net profit of Rs.10.09 crore which is 21.5% higher compared to last year on sales of Rs.154 crore which is higher by 12% compared to last year. Seeing to the overall business sentiment, the results are quite
good. Investors having patience can accumulate this stock on dips.
* Shasun Pharma (Rs.131.85) is targeting sales of Rs.1200 crore in FY13 with EBIDTA margins of 14/15%. Last year it had clocked sales off Rs.755 crore with EBIDTA margins of 13.44%. Investors can continue to hold this stock for decent longterm growth.
* Empee Distilleries Limited (Rs.72.40) Book value of the share is Rs.131 and it paid a dividend of 50% last year on Rs.10 paid-up face value of stock. The management is likely to maintain the same dividend in FY13.The scheme of arrangement for amalgamation of Empee Distilleries with Empee Sugars and Chemicals (ESCL) is approved. The merged company is likely to report better results in view of the upturn in the sugar cycle. The 52-week high of the stock is Rs.105. Investors can keep a watch to accumulate this stock.
* Thirumalai Chemicals (Rs.97) has reported an encouraging 1st quarter. Investors should not anticipate similar
performance in this quarter, as price realisation was higher in Q1FY13. Moreover, the company had the benefit of low cost raw material inventory from last year. Investors need to be cautious in such commodity stocks and should avoid buying at higher levels.
* Relaxo Footwear (Rs.555) results are excellent. Investors can continue to hold stock for the next target of Rs.750 before review as falling rubber prices will benefit the company further.
* Technocraft Industries (Rs.63.70) was advised at Rs.32/34 level a few months back and has moved up well. Investors can book part profit and switch to Apcotex at Rs.165/170 levels.
* Mahindra Ugine (Rs.47.40) has reported a loss of Rs.38 crore during the 1st quarter, Restructuring is delayed further and the slow down in the auto sector is affecting company badly. The management failed to deliver good results even when the economy was doing well. Investors have got no return over the last 50 years in spite of the strong backing of the Mahindra group. Investors need to be cautious. Stock may plunge below Rs.40 level.
* Petron Engineering (Rs.171.45): Investors need to be cautious as there is no inflow of orders to the company. Funds are blocked in a project in which payments are delayed and is likely to affect the company’s profits in future. Moreover, the company’s order have no price escalation clause. Hence it may face painful times. Investors can think of switching to EIL or Jyoti Structures.
growth.
* Hind Rectifier (Rs.43.60): Seeing to the nature of business & execution cycle of business investors should not see quarter to quarter in this business. Its 1st quarter profit is down Investors can take this opportunity to accumulate this stock on dips. Management has confidently given better outlook in the recent AGM and projected sales of Rs.150 crore with net profit of around Rs.14/15 crore barring unforeseen circumstances.
* Modison Metals (Rs.41) has projected sales of around Rs.200 crore in the recent AGM though profit margins are likely to remain in pressure till we see a pick-up in the economy. Investors can continue to hold this stock. Near-term trigger in the stock is the technology & financial tie-up with strategic investors, which is likely to rerate the stock whenever that happens.
* Premier Ltd. (Rs.70.15) has reported good improvement in the 4th quarter of last year, if the company is able to report similar growth in future, we may see the stock getting rerated. Main trigger for the company is the sale of land, which is likely to make the company debt-free. Company is also hopeful about sales of its SUV, RIO, as FIAT India Automobiles Ltd. have signed a three year agreement for the supply of FIATs 1.3 litre multi-jet diesel engine to be used in Premiers compact SUV RiO.' Stock is cum dividend 30% at current levels.
* Manali Petro (Rs.10.55) has reported net profit of Rs.10.09 crore which is 21.5% higher compared to last year on sales of Rs.154 crore which is higher by 12% compared to last year. Seeing to the overall business sentiment, the results are quite
good. Investors having patience can accumulate this stock on dips.
* Shasun Pharma (Rs.131.85) is targeting sales of Rs.1200 crore in FY13 with EBIDTA margins of 14/15%. Last year it had clocked sales off Rs.755 crore with EBIDTA margins of 13.44%. Investors can continue to hold this stock for decent longterm growth.
* Empee Distilleries Limited (Rs.72.40) Book value of the share is Rs.131 and it paid a dividend of 50% last year on Rs.10 paid-up face value of stock. The management is likely to maintain the same dividend in FY13.The scheme of arrangement for amalgamation of Empee Distilleries with Empee Sugars and Chemicals (ESCL) is approved. The merged company is likely to report better results in view of the upturn in the sugar cycle. The 52-week high of the stock is Rs.105. Investors can keep a watch to accumulate this stock.
* Thirumalai Chemicals (Rs.97) has reported an encouraging 1st quarter. Investors should not anticipate similar
performance in this quarter, as price realisation was higher in Q1FY13. Moreover, the company had the benefit of low cost raw material inventory from last year. Investors need to be cautious in such commodity stocks and should avoid buying at higher levels.
* Relaxo Footwear (Rs.555) results are excellent. Investors can continue to hold stock for the next target of Rs.750 before review as falling rubber prices will benefit the company further.
* Technocraft Industries (Rs.63.70) was advised at Rs.32/34 level a few months back and has moved up well. Investors can book part profit and switch to Apcotex at Rs.165/170 levels.
* Mahindra Ugine (Rs.47.40) has reported a loss of Rs.38 crore during the 1st quarter, Restructuring is delayed further and the slow down in the auto sector is affecting company badly. The management failed to deliver good results even when the economy was doing well. Investors have got no return over the last 50 years in spite of the strong backing of the Mahindra group. Investors need to be cautious. Stock may plunge below Rs.40 level.
* Petron Engineering (Rs.171.45): Investors need to be cautious as there is no inflow of orders to the company. Funds are blocked in a project in which payments are delayed and is likely to affect the company’s profits in future. Moreover, the company’s order have no price escalation clause. Hence it may face painful times. Investors can think of switching to EIL or Jyoti Structures.
SHORT TERM BUY - GANDHIMATHI APPLIANCES
Butterfly Gandhimathi Appliances
STOCKS IN THE NEWS FOR THE WEEK
* Investors are advised not to get lured by the bottomlines of Nile Ltd., Saurashtra Cement, Royal Orchid, Varun
Industries, Zensar Technologies for June 2012 quarter as they are bloated by exceptional or extraordinary incomes.
* Kolte Patil seems to be coming back on track reporting a good topline and bottomline. Punter & traders can play in this counter.
* At a market cap of Rs.900 crore, Ajanta Pharma is trading at a huge premium and is fundamentally over valued. Book profits.
* Chordia Foods has corrected down to a market cap of Rs.12 crore. Small investors can buy now and add more at declines.
* Last week, HCL Info saw some serious buying and strong support. Scrip may shoot up 20% in the short term from the current levels. Keep a close watch.
* Ashoka Buildcon is looking extremely bullish on the charts. Scrip may hit a new high in the near future and is expected to cross the Rs.300 mark soon.
* Bharti Airtel may find strong support at Rs.250 levels. Traders can go long keeping a strcit stoploss at Rs.245.
* Elecon Engineering has reported a poor performance for June 2012 quarter and the scrip is on a free fall. This might be another Shanti Gears to be taken over by a larger group. Wait and buy once the selling is over.
* Banking counters display weakness despite expectations of an interest rate cut. The developing open interest in SBI with a negative bias points to a downtrend that may percolate to other PSU Bank counters.
* Cerebra is the largest player in e-junk business. The scrip is all set to be the mutual funds favourite after a detailed write-up in a pink paper.
* Veritas is unperturbed by the legal threats of India Bulls. The corporate world lives in fear of who is next on its hit list........realty sector is expecting its turn in the massacre.
* A Gujarat based technical analyst sees an uptrend in Control Print, Chamanlal Sethia, Camphor & Allied Products, Dai-Ichi Karkaria, National Peroxide and Technocraft Industries.
Industries, Zensar Technologies for June 2012 quarter as they are bloated by exceptional or extraordinary incomes.
* Kolte Patil seems to be coming back on track reporting a good topline and bottomline. Punter & traders can play in this counter.
* At a market cap of Rs.900 crore, Ajanta Pharma is trading at a huge premium and is fundamentally over valued. Book profits.
* Chordia Foods has corrected down to a market cap of Rs.12 crore. Small investors can buy now and add more at declines.
* Last week, HCL Info saw some serious buying and strong support. Scrip may shoot up 20% in the short term from the current levels. Keep a close watch.
* Ashoka Buildcon is looking extremely bullish on the charts. Scrip may hit a new high in the near future and is expected to cross the Rs.300 mark soon.
* Bharti Airtel may find strong support at Rs.250 levels. Traders can go long keeping a strcit stoploss at Rs.245.
* Elecon Engineering has reported a poor performance for June 2012 quarter and the scrip is on a free fall. This might be another Shanti Gears to be taken over by a larger group. Wait and buy once the selling is over.
* Banking counters display weakness despite expectations of an interest rate cut. The developing open interest in SBI with a negative bias points to a downtrend that may percolate to other PSU Bank counters.
* Cerebra is the largest player in e-junk business. The scrip is all set to be the mutual funds favourite after a detailed write-up in a pink paper.
* Veritas is unperturbed by the legal threats of India Bulls. The corporate world lives in fear of who is next on its hit list........realty sector is expecting its turn in the massacre.
* A Gujarat based technical analyst sees an uptrend in Control Print, Chamanlal Sethia, Camphor & Allied Products, Dai-Ichi Karkaria, National Peroxide and Technocraft Industries.
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 13 - MONDAY
Nifty closed almost unchanged at 5320 level. So today the first resistance for nifty is at 5345-50 level. Next resistance ranges are at 5370-73,5399-03,5438-42,5467-70,5483-85levels. On downside first support is at 5285-80 level. Next supports are at 5262-57,5224-19,5202-00,5189-85,5170-65,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90 level.So today be alert if nifty is trading below 5280 be very alert and avoid longs below that level and on upside intra resistance are at 5350,5373 and 5403 level. Positional Support for NIFTY 5260 5216 5204 5168 5137 5105 5101 and positional Immediate resistance for NIFTY is 5389.
Oscillator Analysis :
The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis :
The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Friday, August 10, 2012
STOCK VIEW - CAMPHOR & ALLIED
Camphor & Allied Products Ltd
cmp:115 Code:500078
Camphor & Allied Products is a pioneer in the field of Terpene Chemistry with technology from Dupont, USA. The products of the company are Synthetic Camphor, Terpineols, Pine Oils and Resins etc & they find application in Fragrance, Pharmaceutical, Soap & Cosmetics & Varnishes Industries. CAPL has two plants – first at Bareilly, UP & second at Baroda, Gujarat. CAPL also has a dedicated in-house Research Center.CAPL has been witnessing major change in the performance and profitability since the change in the management in 2008. The company was taken over in 2008, via stake purchase and open offer @ Rs 167/share.The new promoters are leaders in fragrance industry – Oriental Aromatics Ltd. Since then the turnover has increased from 105 Cr to 202 Cr and NP from 0.49 Cr to 6 Cr, yet the stock is available at Rs 100 odd only.Looking at the quick turnaround, strong tax pay-outs, the new promoters seem to be quite capable & honest.The company has a tiny equity of just 5crs and carries a fat reserves of around 70crs in books which makes it a strong liberal bonus candidate.If the company continues its good performance, the stock could prove to be an excellent long term investment.
cmp:115 Code:500078
Camphor & Allied Products is a pioneer in the field of Terpene Chemistry with technology from Dupont, USA. The products of the company are Synthetic Camphor, Terpineols, Pine Oils and Resins etc & they find application in Fragrance, Pharmaceutical, Soap & Cosmetics & Varnishes Industries. CAPL has two plants – first at Bareilly, UP & second at Baroda, Gujarat. CAPL also has a dedicated in-house Research Center.CAPL has been witnessing major change in the performance and profitability since the change in the management in 2008. The company was taken over in 2008, via stake purchase and open offer @ Rs 167/share.The new promoters are leaders in fragrance industry – Oriental Aromatics Ltd. Since then the turnover has increased from 105 Cr to 202 Cr and NP from 0.49 Cr to 6 Cr, yet the stock is available at Rs 100 odd only.Looking at the quick turnaround, strong tax pay-outs, the new promoters seem to be quite capable & honest.The company has a tiny equity of just 5crs and carries a fat reserves of around 70crs in books which makes it a strong liberal bonus candidate.If the company continues its good performance, the stock could prove to be an excellent long term investment.
NIFTY LEVELS - INTRADAY TREND FOR AUGUST 10 - FRIDAY
Nifty closed on a slight bearish note at 5322. So today the first resistance for nifty is at 5350-55 level. Next resistance ranges are at 5380-85,5398-02,5420-24,5439-42,5467-70,5483-85levels. On downside first support is at 5297-92 level. Next supports are at 5268-63,5248-43,5224-19,5202-00,5189-85,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90 level.So today be alert if nifty is trading below 5292 and sellers may took control below 5263 level and on upside intra resistance are at 5355,5385 and 5402 level.
Thursday, August 9, 2012
NIFTY LEVELS - INTRADAY TREND FOR AUGUST 09 - THURSDAY
Nifty closed almost unchanged at 5338. So today the first resistance for nifty is at 5360-64 level. Next resistance ranges are at 5382-86,5401-05,5423-26,5438-42,5468-73 levels. On downside first support is at 5312-07 level. Next supports are at 5293-89,5263-58,5242-37,5224-19,5202-00,5179-75,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90 level.So today be alert if nifty is trading below 5307 and avoid longs below 5289 level and on upside intra resistance wil be at 5364,5386 and 5405 level.
Wednesday, August 8, 2012
SHORT TERM BUY - BRIGADE
Brigade Enterprises
NIFTY LEVELS - INTRADAY TREND FOR AUGUST 08 - WEDNESDAY
Nifty closed on a strong bull note at 5336. So today the first resistance for nifty is at 5358-62 level. Next resistance ranges are at 5379-84,5401-05,5423-27,5440-44,5468-73 levels. On downside first support is at 5302-97 level. Next supports are at 5283-80,5265-60,5242-37,5224-19,5202-00,5179-75,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90 level.So today upward resistance are at 5362,5384 and 5405 levels and on downside if nifty is below 5280 be very alert and avoid long below that levels.
Tuesday, August 7, 2012
SHORT TERM BUY CALL - ENERGY DEV COMPANY
Energy Development Company
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 07 - TUESDAY
Nifty closed on a strong bull note at 5282. So today the first resistance for nifty is at 5300-04 level. Next resistance ranges are at 5322-25,5341-43,5358-62,5380-83,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5262-59 level. Next supports are at 5242-37,5218-15,5202-00,5179-75,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today upward resistance are at 5304,5325 and 5343 levels and on downside if nifty is below 5237 be very alert and avoind long below that levels.
Monday, August 6, 2012
SHORT TERM BUY - TCPL PACKAGING
TCPL Packaging
STOCK VIEW - DYNEMIC PRODUCTS
Dynemic Products Ltd. BSE Code: 532707 Last Close: Rs.20.50
Dynemic Products Ltd. was founded in 1990 and is based in Ahmedabad. It is an ISO 9001:2000 and HACCP certified company that is engaged in the manufacture and marketing of food colours, flake colours, blended colours, salt free dyes, as well as drug and cosmetic colours in India and overseas. Its products are primarily used in food, drugs, pharma, cosmetics, personal care, beverages, confectionery, pet foods, dairy, and edible ink industries. The company also offers dye intermediates, which are used in the manufacture of food colours, acid dyes, reactive dyes, ramazol dyes, metal complex dyes, and direct dyes. The company‟s manufacturing facilities include two well equipped plants spread over 50,000 Sq. Mtrs. of area.
It has an equity base of Rs.11.33 crore that is supported by reserves of around Rs.27.10 crore, which is 2.39 times its equity. The promoters hold 41.28%, non-promoter corporate bodies hold 3.38%, foreign investors hold 0.69% while the investing public holds 54.65% stake in the company.
It has an equity base of Rs.11.33 crore that is supported by reserves of around Rs.27.10 crore, which is 2.39 times its equity. The promoters hold 41.28%, non-promoter corporate bodies hold 3.38%, foreign investors hold 0.69% while the investing public holds 54.65% stake in the company.
For Q1FY13, it posted net sales of Rs.23.34 crore with net profit of Rs.1.46 crore against net sales of Rs.17.96 crore with net profit of Rs.1.13 crore in Q1FY12 (Net profit rose 29.20% while net sales was up 29.95% during the quarter). For FY12, it recorded net sales of Rs.82.94 crore with net profit of Rs.5.30 crore against net sales of Rs.63.69 crore with net profit of Rs.5.71 crore in FY11. The Q1FY13 EPS is Rs.1.29 while the FY12 EPS was Rs.4.68. At the current level, the stock is available at a P/E multiple of 3.5. It has paid dividends as follows: FY07: 10%, FY08: 10%, FY09: 10%, FY10: 13%, FY11: 15% and for FY12 it has declared 13% dividend. At the current share price of Rs.20.50 the dividend yield is about 6.3%. Technically, the stock has found support around its 200-day EMA. We, therefore, expect the stock will make a bottom near the current level and ready for an upward journey. We recommend to buy this stock with a stop loss of Rs.18. On the upper side, the stock will zoom to Rs.25-27 levels in the short-term while a close above this level will take it to Rs.34 level in the long-term.
STOCKS IN THE NEWS FOR THE WEEK
* The new Mumbai international airport construction timetable may be announced by mid-August. Scrips of companies in the reckoning will boom and real estate projects around that place may witness rapid completion.
* Kavveri Telecom is on an acquisition spree and is picking up some strategic ventures in Europe. The scrip is in for a big rise in coming days says an analyst.
* Broking houses are facing very difficult times and smaller ones are being acquired by larger broking outfits. Motilal Oswal, Edelweiss and Angel are out to capture the small fish.
* Power failure of a few hours in North India has created a boom in Exide batteries, gen sets and inverters.
* Will the old and loyal investors of Benares Hotels make a plea for the issue of bonus shares? * Midcap stocks, which fell drastically the previous week, are poised to bounce back. Most of them have recovered their lost ground already.
* Glenmark is the stock to watch for despite weak Q1 results. Knowledgeable investors and select fund managers picked the stock on Friday, 3 August 2012.
* Asian Paints may be sulking for now as its Q1 results were below market expectations. But the scrip is heading to cross the 4k mark sooner than later.
* JK Tyre has reported fantastic result for Q1FY13. Scrip may continue to rise further in coming weeks. Hold on to your position. Short term traders can also buy for 10% return in a month.
* Symphony Ltd. has shot up too much & too fast. Exit partially and play safe. Profit booking expected soon.
* Deccan Chronicle is in a mess. IFCI has filed a winding up petition against the company for defaulting on its Rs.25 crore debenture and now Karvy has filed a case against promoters for forgery and misrepresentation. Stay away.
* Deccan Chronicle is in a mess. IFCI has filed a winding up petition against the company for defaulting on its Rs.25 crore debenture and now Karvy has filed a case against promoters for forgery and misrepresentation. Stay away.
* Retail investors are buying Spice Jet as Rakesh Jhunjhunwala has entered into the counter. Better to stay away from this sector and watch as an outsider.
* A technical analyst recommends Divya Shakti Granite, Gulshan Polyols, Hindustan Hardy, Rapicut Carbides and Shreyas Shipping as a good buy for this week.
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 06 - MONDAY
Nifty closed on a slight bear note at 5215. So today the first resistance for nifty is at 5230-34 level. Next resistance ranges are at 5252-55,5281-86,5313-18,5351-56,5370-72,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5185-80 level. Next supports are at 5167-64,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today if below 5180 be very alert and avoid longs if nifty sustains below that level and on upside intra resistance will be felt at 5234,5255 and 5286 level. Positional Support for NIFTY 5176 5168 5151 5137 5130 5097 5080 and positional Resistance for NIFTY is 5233 .
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Friday, August 3, 2012
SHORT TERM BUY - OIL COUNTRY TUBULAR
Oil Country Tubular
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 3 - FRIDAY
Nifty closed on a slight bear note at 5227. So today the first resistance for nifty is at 5255-60 level. Next resistance ranges are at 5279-74,5310-15,5351-56,5370-72,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5196-91 level. Next supports are at 5175-70,5149-46,5134-30,5115-12, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today upward resistance point are at 5260,5274 and 5315 level and better long should only above 5260 level.on down side if nifty is below 5190 be very alert and stay away from long
Thursday, August 2, 2012
DARK HORSE - OPTO CIRCUITS INDIA
Opto Circuits India
BSE: 532391 NSE: OPTOCIRCUI CMP: 155.00 MARKET CAP (Rs Cr) 3,765.64 EPS: 9.60Opto Circuits India (OCI), incorporated in the year 1992 is a multinational medical device company headquartered out of Bengaluru, India. The company designs, develop, manufacture, market and distribute a range of medical products that are used by healthcare establishments in more than 150 countries. The manufacturing is backed by a complete range of inspection and reliability testing equipments such as Bond Pull, Shear Testers, Stereo Microscopes, IR Viewers Spectrometers and many more.
OCI specialize in cardiac and vital signs monitoring, emergency cardiac care, vascular treatments and sensing technologies. Its products are US FDA listed and CE marked. Some of the well-known brands marketed by the company are Criticare Systems, Mediaid, Unetixs Vascular, Eurocor and Cardiac Science.
The company has customers in USA, Europe, Middle East, Far East, South Africa etc. To service these customers it has offices through its subsidiaries in USA, Germany, Singapore and Dubai. It has subsidiaries namely Mediaid Inc (USA), Eurocor Gmbh (Germany), Criticare Systems Inc (USA), Advanced Micronic Devices (India), Devon Innovations (India), ORMED Medical Technology (India) and Altron Industries (India).
It clients includes names like Manipal Groups of hospitals, Escorts Heart Hospital, Wockhardt Heart Hospitals, Apollo Group of Hospitals, Lilavati hospital, Breach Candy Hospital are among others.
In January 2009, the company’s California-based Mediaid Inc., the subsidiary company and the international marketing arm of the company had received Brazilian FDA agency - Agencia Nacional de Vigilancia Sanitaria (ANVISA) - approval for marketing and sale of the Mediaid brand of US FDA-approved Pulse Oximetry (SPO2) products (Patient Monitors & Sensors) in the country and surrounding geographies.
During December, 2010 Opto Circuits (India) has successfully acquired 76% of outstanding common stock of Cardiac Science Corporation US. The company plans to exercise its top-up option under the terms of the merger agreement. The merger is expected to occur in the next few days. Following the merger, Cardiac Science will become a wholly-owned subsidiary of Opto Circuits (India).
Products
Health Care products- Under this segment it manufactures Pulse Oximeters, Pulse Oximeter Sensors, Fluid warmers, Digital Thermometer,Cholesterol Monitors And Stent.
Opto Electronics products- The Company manufactures Infrared Emitters, Infra Red Detectors, Photo Sensor, Detector and Emitter Assemblies.
Recognition
The company has ISO 9001-2000 and ISO 13485-2003 quality system certification.
OCI has received 2 Star Trading House Status in accordance with the provisions of Exim Policy of Federal Government of India.
Opto Circuits (India) has been featured in Forbes Asia’s 200 ‘Best Under a Billion’ List, 2011 by Forbes magazine. This is the third time the company has made it to this list, the last two times being 2008 and 2009.
SHORT TERM BUY - SMARTLINK NETWORK
Smartlink Network Systems
NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR AUGUST 02 - THURSDAY
Nifty closed on a bull note at 5240. So today the first resistance for nifty is at 5260-65 level. Next resistance ranges are at 5286-91,5308-13,,5325-30,5350-55,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5222-17 level. Next supports are at 5195-90,5177-72,5147-42,5117-12, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today upward resistance point are at 5265,5291 and 5313 level and on down side if nifty is below 5190 be very alert and stay away from long. Positional Support for NIFTY 5212 5169 5168 5152 5141 5118 5095 5078 and positional Immediate resistance for NIFTY is 5256.
Oscillator Analysis The oscillator is showing BUY signal The oscillator is on BUY Signal and share is recovering from oversold levelShort Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis The oscillator is showing BUY signal The oscillator is on BUY Signal and share is recovering from oversold levelShort Term Oscillator Analysis- and NIFTY in oversold region.
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