Tuesday, November 13, 2007

Its good to see a correction....

It was really nice to see a correction comming in..... This will help to set up a base for the further rise..... I see 20200 back but with fundamentally good stocks........
I hold my target of 22500-25000 for long term players...
Oil looks weak at $ 97 a barrel
Power stcoks look good after a correctioon and tehy might see a good rise from hear too
hence a hold is suggested.
Commidities will make steel sparkle........
Regarding IT everyonewill tell what to do
My answer is that they still grow from 10-15% why not add
they are still holds.........will be rewarded in the long run........
I look Infy wipro satyam HCL tech mindtreee good but ii cant forget geodesic and Rolta on corrections.
We havent finished a bull run nor in its midway is my word but we would like to accumalate stocks where earning visibility is ssen
Evry one having sadbhav engg my call can hold
I maintain a target of 1200, let it test its time in 1000.
Infy looks good on supports near 1625.
I dunno why i love infy :P hahhahahha
To add to the list cairn india looks good above 200+
Mudra SEZ will list take a long term bet on it..............
Thats all for the last blog of the year it seems unless sum suoearnatural occurs
cya tc enjoy

Tuesday, October 16, 2007

time to buy

buy low PE stcoks
like infy and others
Ril energy is worst hit ...one who goes up comes down qucikly
mkts will come up above 18k

Friday, October 5, 2007

we are indeed in an uptrend but are we expensive?

we have always said that the mkts above pe multiple of 25-26 (17k for today) is expensive but the ease at which we are trading is astnoshing to all analysts. Emereging mkts are always discounted and indeed expensive hence. But we are the second fastest growing economy in the world why cant the discounting be for a long period?
Chinese mkts showed bumper growth and easily trade at Pe multiples of 38-50 which is a result of heavy discounting. The question at pe multiples for us should not be that we are trading at heavy valuations but should be "Are we redefining the word valuation for the Indian economy"
If the answer is if we are the why cant we too trade at 45 PE multiple and if it does i see the mkts above 20000 or more say 25000. The only thing needed is the change of perception for this................. :)

It is absolutley the same mkt the same thing which we see but the lenses will change hence the colors of growth......


So keep a watch on index stocks like RIL(and RCom) L&T SBI Bharti BHEL ONGC.........
They look cheap if we change perception......its upto u too decide...

Thursday, September 6, 2007

liquidity problems subside

the market in uptrend due to
1. No global problems like yen carry trade and subprime related liquidity crunch.
2. Overall domestic poletical problems over

So bad news is not there and 9.3% GDp is enough to keep upward momentum intact.. A good news may just put the market in anaother fresh rally where it will reside into the clouds say over 16200 where the floor could be 14850 and trading brsikly above 16500+ where the target could be easily 17150.
But this is possible if both the above conditions atre intact.
Currently the senario according to me is a ytarget of 16000 or 16150 but a good float at 14500.
Value buying lies at 13390 (using Pe multiple calculations)
put in money in the market in good stocks (illiquid stocks midcaps) or might be good liquid stocks which are ot rally driven. Think of stocks as u can take them home and marry them but not as one night strand....
For traders trade is FMCG its safest.(ITC,HUL,GSK cons is betterr)
Among my buys Geodesic info looks good alomg with a hold on elecon lanco and Sadbhav engg.
Buy Power at ur risk and if u have power (those who read my previous blog) hold it at my risk.
telecom looks good to me.
Invest in MF if u dont understand the market trend.......:)
IT looks good as valutaion for long term
I know u have losses in IT dont sell them off.
Add if u trust them and add trusted ones only.
Dont trade in liquid stocks. They are the one largest hit by above problems
Buy futrs keep 15-20% loss bearing capability.
Dont belive in Diwali funda mkt are not emotionals as Indians are.
this is the best time to restructure porfolios do that now.....

Wednesday, June 13, 2007

mkt review

I think the correction needed was sufficient to accumalate funds for DLF
But valuation wise atleast 13400 is an imp zone where value buying can be done for long term
Some stocks are richly valued for longterms
all bieng in A grp are autos!
Tata Motors -640
maruti 720 odd
an M&m
bharat forge again is comming in the best zone 300-306 hehehheh

Buy HEg at 166 good story good price
Praj is rallying and many other power stocks
hold on!
u cant book profits

Avaya looks good arnd 300 in valuation

My views on DLF
Subscribe the poison if u can feel the pain for longer times!


Icici bnk post ipo will remain quite strong
u can trade in both directions it will be jittery to give profit
band 845-950
1000 will be aproblem to cross on weak mkt days!hehehhe

Buy in rolta @ 390
and infy
@1925
both look good aat these rates
investors at higher rate may not exist

Pharma buy aurobindo pharma and suven life ciences
dont forget jupiter biosc.its risky although!

Thursday, May 31, 2007

I repeat increase exposure in power stocks!

Buy ABB hehehehehe it looks to touch 4950-5075(before or after split u decide)
buy siemnens both for short term and longterm
BheL hold on add on declines
Gvk power and infra Hold (time over to buy!)
Lanco Buy add!
Kalpataru power shift to better options


Fixed deposits in the sector:Siemns ABB Suzlon AReva T&d BEL and bharat Bijlee
Buy all these now and on declines. they are evergreen.
Voltamp trans indotech transformers hold on add on declines

KLG systel (cmp 450)power managemnt solutions Add Target 700-800
ICSA huge run still add on
Alstom Project hold on
Easaun reyolle Add 1100 tagret atleast 1000 ITs a siemsns company
BEL Bharat bijlee always evergreen along with BHEL!
Diversify along cables and stocks like jyoti structures(buy jyoti arnd 165-170)



For real apprecation keep them upto 2010-2012 I guarantee u rich........richie rich. I dont think u should sell any of them shifting is better options.

Saturday, May 26, 2007

ABB at 4400!

People still dont like ABB
ill tell them wait and watch
accumalte on declines
i hope u may not see them
4650 i see without any visual aid (hehehhehehheheheh)
Fiis money is flowing slowly and steady in ABb


Discussing on powe onme more
long term invetsors suzlon the new aveneue in power.
Short term suzlon may under perform!

Why worry of bajaj auto!

BAjaj Auto demerger looks good
invetors will benifit in this in next 6-8 months with 20% upside frm current levels
At bare consequences 2550 looks minimum to me
Take positions!

Infrastructure diversify and win!

Parswanath Sez story looks prommising i think long term exposure can be taken.ipo price is best for this!
IVRCl looks stretched as of now.
Peninsula looks good at current so does dsk pune.(pune still has property scope for rise)infact i am bullish on maharashtra property prices especially nasik and kolhapur now where dsk is promising! I want u all to comment on this
Shobha looks neatural so does Bl kashyap and unitech. DLF IPO can give them value with new value bands ( thats the only reason i mentioned them actaully i dont like them!).
Mahindra Gesco is better among giants
COnstruction qipement looks better BEML( leader),simplex (on declines)ACE .Greaves cotton is also promisng along with ingersoil RAnd.
Lanco is good amon g tha pack will take time to touch ipo price
Stay away from HCC (if u not planning more than 3-4 yrs)
Ril infra is good ril pack is picking up hope to see more.
L&t, punj loyd , simplex(sort off), gammon are safe money bets(fixed deposits in this sectors)

Monday, May 21, 2007

Rally comming in beaware of small falls!

We heading towars a rally it doesnt look sensible to go for short term plays
get caught in momentum drives.Value prevails in some stocks. It needs to be trapped.

Buy HEG Graphite electrode manifacturer at price arnd 175 for a 9-24 mnth exposure.
Buy Avaya Globeconnect arnd 285 low pe multiple BPO software supplier

Both above stocks remain affected by Re vs US$ movenment but renders good business at cheap valuations an PE levels

ITC learly heading for 175-180 check that dont use it to play short term.
Buy ABB again 4250 u may say expensive ill say cheap.
Media i dont see real momentum though my picks are Adlabs,naukri( neutral),ENIL,balaji tele.
hold on media
moser bear looks good
800 target.

IT looks weak on re gains.hold on
fresh buyers remain away
infy buy at 1825-1855

tata motors buy auto looks weak but 2010 1 lakh car looks promising very longterm exposure imp.

pharma looks recovered my tips hold on to granules,ranbaxy ,reddys,sun pharma
hold rolta in IT
Bharat forge looks long term promising at 325
KLG systel buy on dips

Gokuldas exp buy at 194-198 forget the downside its due to ruppee stregth take advantage.
Bajaj Auto huge falls please buy! 2260-2285 buy!

infra looks good hold GMR ,gVK,parswanath(buy on declines)
Buy DS kulkarni PUne prop prices look good they have not peaked.Neutral on Ansal pack and BL Kashyap as gurgoaon prop heads slow down

oil pack great offshore buy on declines hold aban!

Indag rubber looks good

Tuesday, February 20, 2007

teledata!

>Teledata buys Singapore firm for $105mn
Chennai-based Teledata Informatics today acquired a majority stake in the Singapore-headquartered IT distribution and PC maker, eSys Technologies, by investing $105 million (Rs 470 crore).Teledata and eSys are also likely to invest $20 million (around Rs 90 crore) in Chandigarh to open a total business offshoring/outsourcing (TBO) unit, with at least 1,000 employees, over the next six months, according to a company source.TBO is a concept that allows whole businesses to be outsourced and run from low-cost, high-skilled countries.Currently, eSys utilises its centres in India and Singapore to carry this out.Since 2004, Teledata has acquired 27 companies and with the recent acquisition of eSys, it is already in talks with two other companies in Europe for acquisitions.“The company is in the process of acquiring a marine insurance business company and the other is a software provider for billing in the utilities space,” said a company spokesperson.The valuation of these companies is much more than the recent acquisition of eSys.“We have invested about $120 million in the company and will be investing additional 50 per cent of the already invested money in the next three months with an intention of acquiring all the other business of eSys,” said K Padmanabhan, managing director, Teledata.In 2005, eSys had a turnover of $1.676 billion and a profit of $15.5 million. The investment will enable the company capitalise on the synergy between Teledata and eSys.Padmanabhan, while explaining the synergy between the two companies, said: “Every year we buy 3,000-4,000 personal computers for several e-governance projects. This year we plan to buy 15,000 PCs.The eSys acquisition will now make these projects cost effective.” Vikas Goel, eSys group Chairman and managing director will be the CEO of Teledata Technologies and will hold 49 per cent in the company.eSys already has a PC manufacturing unit in Delhi and is in the process of setting up another unit in Himachal Pradesh to produce 1 million units per year with an investment of Rs 250 crore.“We might shut down the Delhi plant and shift the entire manufacturing capabilities to the new centre,” said Goel.www.business-standard.com
Ihave recommended it in 10-18 RS hold on and accumalte on dips!
PE is just 5-6 and at lows was just one.Can u get better IT stocks at this valuations!teledata is the answer!

ABB report check out... i made it!

ABB: record growth in 2006
Full year Order Intake up 50 per cent ; Revenues up 44 per cent ; Net Profit up 56 per cent
Q4 Order Intake up 40 per cent ; Revenues up 44 per cent ; Net Profit up 43 per cent
Raises dividend to 100 per cent (dividend of Rs.10 per share)
Announces stock split (Rs.10 per share split into five shares of Rs. 2 each)
Orders
ABB India’s cumulative order intake of 56236 MINR for the year 2006 recorded a new high, growing 50 per cent over the previous year, and taking it into a new league. The order momentum seen in the first three quarters continued with an order intake of 14126 MINR in 2006Q4, 40 per cent higher than 2005Q4.
“We continue to bring value to our power and automation customers through leading-edge technologies, domain expertise and project execution abilities. At the same time our products focus in the form of range expansion and market penetration is paying handsome dividends. Our technology strengths, offering portfolio and unique ability to package solutions and provide a single window approach to existing and emerging sector verticals continue to be a key differentiator. While we grow our top-line, focus on productivity, operational efficiencies and working capital management continues to ensure that profitability remains a key priority” said Mr. Ravi Uppal, Vice Chairman & Managing Director , ABB India, announcing the results.
“The Indian economy is on the move, assisted by strong industrial growth. The urgent need for quality power, delivered efficiently and economically across urban and rural India is now among the nation’s key priorities. At the same time, Indian industry is increasingly adopting automation technologies as it scales up. We therefore continue to be optimistic in terms of the market and managing growth in a profitable and sustainable way is our top priority”, he added.
During the year the company booked several turnkey project orders from power utilities, industry customers and for integrated building solutions. As part of the standard products thrust the company further extended its market reach to over 700 channel partners. New revenue streams continued to make an increasing contribution to support core business growth. In addition to the expansion of capacities across businesses, several new production units were added during the year to support range expansion.
Order Backlog
The record growth in order intake has helped strengthen the company’s order backlog further to 33723 MINR 60 per cent higher than the opening order backlog of 21032 MINR at the beginning of the year, providing visibility for the coming quarters.
Revenues
ABB India accelerated its revenue growth momentum with cumulative revenues of 43477 MINR , 44 per cent higher than the previous year. This was driven by the speed of new orders execution and the conversion of a healthy order backlog. The company booked revenues of 14437 MINR in the fourth quarter, 44 per cent higher than the same period in the previous year.
Net Profit
The company recorded a cumulative net profit after tax of 3403 MINR for the year ending 31st December 2006, registering a 56 per cent growth over the previous year. The fourth quarter net profit after tax was 1350 MINR, up 43 per cent on 2004Q4. Increased revenue volumes, continued focus on keeping costs in check and efficient working capital management contributed to the improvement in profitability.
Dividend and Stock Split
The company increased its dividend to 100 per cent (dividend of Rs.10 per share) from 80 per cent in 2005. The company also announced a stock split of 1:5 implying Rs.10 per share split into five shares of Rs. 2 each. Both the above proposals are subject to shareholders approval in the ensuing Annual General Meeting.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering their environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people.

ABB report check out... i made it!

ABB: record growth in 2006
Full year Order Intake up 50 per cent ; Revenues up 44 per cent ; Net Profit up 56 per cent
Q4 Order Intake up 40 per cent ; Revenues up 44 per cent ; Net Profit up 43 per cent
Raises dividend to 100 per cent (dividend of Rs.10 per share)
Announces stock split (Rs.10 per share split into five shares of Rs. 2 each)
Orders
ABB India’s cumulative order intake of 56236 MINR for the year 2006 recorded a new high, growing 50 per cent over the previous year, and taking it into a new league. The order momentum seen in the first three quarters continued with an order intake of 14126 MINR in 2006Q4, 40 per cent higher than 2005Q4.
“We continue to bring value to our power and automation customers through leading-edge technologies, domain expertise and project execution abilities. At the same time our products focus in the form of range expansion and market penetration is paying handsome dividends. Our technology strengths, offering portfolio and unique ability to package solutions and provide a single window approach to existing and emerging sector verticals continue to be a key differentiator. While we grow our top-line, focus on productivity, operational efficiencies and working capital management continues to ensure that profitability remains a key priority” said Mr. Ravi Uppal, Vice Chairman & Managing Director , ABB India, announcing the results.
“The Indian economy is on the move, assisted by strong industrial growth. The urgent need for quality power, delivered efficiently and economically across urban and rural India is now among the nation’s key priorities. At the same time, Indian industry is increasingly adopting automation technologies as it scales up. We therefore continue to be optimistic in terms of the market and managing growth in a profitable and sustainable way is our top priority”, he added.
During the year the company booked several turnkey project orders from power utilities, industry customers and for integrated building solutions. As part of the standard products thrust the company further extended its market reach to over 700 channel partners. New revenue streams continued to make an increasing contribution to support core business growth. In addition to the expansion of capacities across businesses, several new production units were added during the year to support range expansion.
Order Backlog
The record growth in order intake has helped strengthen the company’s order backlog further to 33723 MINR 60 per cent higher than the opening order backlog of 21032 MINR at the beginning of the year, providing visibility for the coming quarters.
Revenues
ABB India accelerated its revenue growth momentum with cumulative revenues of 43477 MINR , 44 per cent higher than the previous year. This was driven by the speed of new orders execution and the conversion of a healthy order backlog. The company booked revenues of 14437 MINR in the fourth quarter, 44 per cent higher than the same period in the previous year.
Net Profit
The company recorded a cumulative net profit after tax of 3403 MINR for the year ending 31st December 2006, registering a 56 per cent growth over the previous year. The fourth quarter net profit after tax was 1350 MINR, up 43 per cent on 2004Q4. Increased revenue volumes, continued focus on keeping costs in check and efficient working capital management contributed to the improvement in profitability.
Dividend and Stock Split
The company increased its dividend to 100 per cent (dividend of Rs.10 per share) from 80 per cent in 2005. The company also announced a stock split of 1:5 implying Rs.10 per share split into five shares of Rs. 2 each. Both the above proposals are subject to shareholders approval in the ensuing Annual General Meeting.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering their environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people.

Sunday, February 18, 2007

PRAJ REAHED 410!

SELL PRAJ AT 425 ARND 410 TOO LOOKS A SELL!
I SEE PEAKED VALUATIONS!

I still feel u can but power equipments!

Power as a sector and power eqipment is one of the major growth drivers and i dont see a sell call in any of these!
2012 we are targetting to see the real potential of power so we have two options either wait for 2012 or sell on valuations close to FY12 xPE
ABB is good 800(4000) i dont see it as expensive in these rates
Areva and suzlon(one of the major stock which is a buy! at 1050-1120 levels)
BEL is a buy as well as BHEL (moderate buy)
Use all these options to diversify in this sector...
Moreover add on sum voltamp trans or indotech trans and hind rect if u feel that more diversification is needed.
Siemens a mojor stock ofthis sector looks a hold
ABB seems better of all private while BEl is better in public sector stocks.
hold bhart bijlee too.......as well as cable stocks like diamond torrent or ramswarup wires this is a proxy too power.Jyoti struct is good if u see long term it is also a power stock as builts power structures
L&t is evergreen so is the great GMR and gvkS( HOLD THEM!)

Hindalco & tata steel

Hindalco and tata steel both look good for long term
value investors can buy enter as well as increase your stake in this golden opportunity

Hindalco:141 TISCO :440

Friday, February 2, 2007

SUGAR LOOKS DESCENTLY VALUED NOW!!!!

Sugar is my most hated sector because it has been banking on govt policies(budget ) and ethanol story. Carbon Credit though has also played a role.
But as usual value attracts and most sugar stocks are looking very well valued but still a downside of another 5-10% remains from here.
I dont think a value investor should wait for these downsides but accumalate on falls from here!!!
Real quality stocks having ethanol story will really appreciate other will dance without a story!
So real quality stocks which are well bagrounded are given and a buy is recommended
This is in order of my preferences:

Shree renuka is a buy at 280-300 225 is ideal
Bajaj hind at 140 is ideal 120-135 will do
Balrampur chini 65 arnd ideal 50
Dhampur at current levels or -15%

All stocks can be bought now and averaged at ideal levels!!!!!

Monday, January 29, 2007

ITc again looks a buy.........at 168

hold on to hindalco it has seen 180 (163 pe buy call tha ek hafta bhi nahin hua!!!!) Its +10% in a short span!!!!!nalco is up tooooo..................
for fresh people forget it!!!
buy ITC!!!!168 pe
u getting one more chance!!!
buy alumenco below 31-33 ask me before doing this

praj has reached the tgt 330

still dont sell it 390 is next
valuations cheap
long term hold carry on holding
for value buyers god knows if u get an opportunity.........forget it!!!!!!!

Monday, January 22, 2007

New Short term trading ideas with high safety...after muy fmcg PICKS

Exposures in futr (advisible ) for 2 month (with roll over ) can be taken in hindalco and nalco at current levels. The down side from here is not more (less than 5-7%).I infact feel that no down side is left in Hindalco........
U can buy both buth hindalco looks much safer....
we see hindalco gaining atleast 10-15% in short term
For value buying investors for extreme long term these looks highly attractive in this expensive but still strong markets.If interested in aluminium story i suppose this is the right time to enter as valuations are descent enough.
Even if markets fall these stocks will fall less providing a buffer .FROM HERE ON (at peaks)I SUPPOSE SAFETY IS IMPORTANT THAN MOMENTUM.(thats why i told itc and hll last weak)
Exposures in futr for short term trades as well as for long term investors in cash if intereted in aluminium must be taken at these levels..

My reminder on short term tip

ITC
My short term call on ITC has proved correct as ITC has moved from 168 levels to 180 levels today inspite the markets range bound ie sideways movemnent(arre market nahin bada par ITC 8% bad gaya woh bhi it was most safe tip)
Tommorows day is important
if above 182 ITC looks good if it falls partial profit booking may be considered if exposues in futr are taken at 170 levels. 182 ke upar ITC promisies 190 and arnd....
For investrors still a hold is recommended......

Saturday, January 20, 2007

Sectors of growth:Retail

The following sectors of growth can be targetted

RETAIL
valuations in retail looks to be higly stretched but still a hold is recommended in all because it just a beginning....................
Pantaloons is a buy at declines but the promise of short term return looks to be decreased as it rallied recently.A hold is recommended for people having holdings below 390.
Provogue looks to be peaked out as it is curretly at peak valuations although it is a gr8 stock to buy at dips more than 20% from these rates.Still better opoortunities do exisit than provogue
Shopper stop and Trent(a buy at dips) are a hold.
Piramyd retail looks to be most attractively valued in this pack at 95 levels.It is a good long term hold.For short term it is range bound between 88-102.Uptrends seen if only above 105 with huge volumes and in that case should surpase 120 levels too.Still it remains more of investor rather than a trading stock.
Bartronics is supposed to be huge proxy into retail (for more details please contact me).It remains a buy at current levels but short term looks a little weak due to a heavy run. My Buy suggestions for bartronics at 100,75,and 55 levels remain a hold for them,and can also buy on dips.For new entrants they should seek opportunity at lower levels or at these levels with a short term risk.
next series will be another growth sector so wait and watch!!!!!!

profits were below expectation for Bf but i still feel it has the steam left in it

Results of bharat forge out today.....

Bharat Forge Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:The Company has posted a net profit of Rs 629.73 million for the quarter ended December 31, 2006 as compared to Rs 532.68 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 4154.56 million for the quarter ended December 31, 2005 to Rs 4933.15 million for the quarter ended December 31, 2006.The Consolidated Results are as follows:The Group has posted a net profit of Rs 769.57 million for the quarter ended December 31, 2006 as compared to Rs 626.94 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 9566.77 million for the quarter ended December 31, 2005 to Rs 10370.98 million for the quarter ended December 31, 2006.

Friday, January 19, 2007

Bharat forge results tommorow looks positive

Bharat forge looks positive on reults as well as for long term(2-3 yrs)
It provides minimum downside.........but huge upside potential hence minimises risk with a good return.
The following features are taken into account..


-->
Bharat Forge, the largest forging company in Asia and the second largest in the world is to declare its Q3FY07 result on 20th January. According to the CNBC-TV18 estimates, the company is expected to post some good numbers in the third quarter. Its net profit (standalone) may go up by 28% YoY at Rs 68 crore against Rs 53 crore during the same quarter last year. The company is expected to post net sales (standalone) up 22% at Rs 487 crore versus Rs 399 crore.

Q3 key points
Expecting improvement in margins on back of higher utility rate of expanded capacities
Increase share of machined components also to add to margins (better product mix) Company expecting cap utility to go up to 75% by end-FY07
Positive surprises possible on account of strong growth in domestic CV market
Domestic sales enjoy higher margins as compared to exports

Key Developments
On the verge of signing for new major contracts of US$50 mn p.a. each (Co. expects the contracts to get signed by end FY07)
Export revenue growth may dip in FY08 w/ slowdown in US heavy truck market next yr
Targeting new avenues in the Non automotive component business (Energy, Hydro carbon, Aerospace, Marine, Mining & metals. Planned investment outlay of Rs 350 cr over next 2 yrs. Capacities to get commissioned by mid to end FY08) Targeting revenues of Rs 1000 cr by 2011 from non-automotive segment

Capacity
Capacities globally - close to 600,000 MT- India: 240,000 MT working at about 66% cap util- US: 50,000 MT- Germany: 100,000 MT- China: 100,000 MT - working at very low cap util- Sweden and Scotland: 100,000 MT- Chinese JV, FAW Bharat Forge struggling to show positive performance

SEZ
Signed a MoU with Govt of Mah to jointly develop a SEZ
SEZ expected to attract investments of about Rs 25000 cr

Kalyani Group to hold upto 74% of the equity capital


Inference
Looking towards sez plans and entry into china with huge aquisitions and cosolidation of capacities by this yr. It is one of the major growth stories and hence an entry at dips can be taken. current levels look ok for long term but looks a liitle stretched for short term.And imagine its sales by 2011 when non automotive revenues will touch 1000cr($250mn) and auto revenues will obiously zoom.

Wednesday, January 17, 2007

Trading ideas

Buy ITC looks good after budget Itc looks to be heading to wards 180
post budget 190-195 can be seen as well as 220 can be seen if 195 is crossed with good volumes as FMCG is expected to benifit post budget...........
HLL looks good (ITC though is much diversified). Post budget 250 can be seen or more is expected
Bhart Forge is an accumalate at 320-330 levels.If crosses 385 ,420-430 is easy to attain.
Bharti is a hold and a buy for long term
Hindalco and nalco look value buys and they are difficult to correct frm here
190 is likely in hindalco.
Tata steel is strong 550 looks possible once again in secondary rally. It can buffer portfolio in market crashes.
Sail will retain short term momnetum
IDFC still remains long term buy....125 is 9 mnth tgt may be achieved early too?
Opto ckt is a hold and should accumalate on declines

Some midcap ideas....

Buy porttis and spencer looks gr8 seems touching 390
Buy praj on declines ( arnd 190-210) it looks to head towards 290 by this month( quality stock).
exposure can be taken into praj at these long levels to for extreme long terms as groth story looks good.
Atlanta seems to touch 1650 a hold is recommended.

IT look firms

It stocks are looking good although valuations are bit stretched
still value stocks remain
A buy is suggested in rolta for long to medium term.
Among the front line stocks infy remains evergreen and target in 3 mnth is at 2425.
Infy 2 yr target surpases 3300/-
A hold is recommended in tech mahindra (tgt 2000) ,polaris,3i info
i flex has peaked out and mphasis looks to peak out at 325
Educomp still remains a hold while teledata looks to have good valuations....
tulip It services has peaked out for the short term.....
moser bear is ahold so is NIIt and NIIT tech........