BSEIndia: All Stock Market News: 05/14/07

Monday, May 14, 2007

$$ DreamGains !! $$ FW: PowerYourTrade Trading Calls

From: mailer9-bounces@mailman3.moneycontrol.com [mailto:mailer9-bounces@mailman3.moneycontrol.com] On Behalf Of PowerYourTrade
Sent: 15 May 2007 10:48
To: alerts@poweryourtrade.com
Subject: PowerYourTrade Trading Calls

Trading Calls for 15th May 2007

Ashwani Gujral

Buy Reliance Capital with stop loss of Rs 760 for a target of Rs 900

Buy Reliance Capital with stop loss of Rs 760 for a target of Rs 900

Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Buy Rajesh Exports with stop loss of Rs 394 for a target of Rs 500

Buy Rajesh Exports with stop loss of Rs 394 for a target of Rs 500.

Neither me, nor my family nor our clients have any position in the above stock. However we run a substantial newsletter, chatroom and money mgmt business and this can change at any time in the future.

Rajat K Bose

Buy Union Bank with stop loss below Rs 115.80 for targets of Rs 123 and 125. This is a day-trading recommendation.

Buy Union Bank with stop loss below Rs 115.80 for targets of Rs 123 and 125. This is a day-trading recommendation.

Note: Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

· All prices relate to the NSE, unless otherwise mentioned.

· Calls are based on the previous trading day's price activity.

· The call is valid for the next trading session only unless otherwise mentioned.

· Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

· Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these recommendations.

Disclosure:The analyst and his family do not have any trades in the securities recommended above at the time of giving this recommendation. His newsletter clients have been recommended the same along with other picks. Traders are requested to adhere to the stop losses very strictly; they are given to be implemented, not ignored. Do not chase a security and take a position where you would be uncomfortable with the stop-loss level. Take a position only when you feel that the risk-reward ratio looks comfortable and favourable for the trade.

Buy Tata Steel with stop loss below Rs 584 for targets of Rs 599 and 604. This is a day-trading recommendation.

Buy Tata Steel with stop loss below Rs 584 for targets of Rs 599 and 604. This is a day-trading recommendation.

Note:Either on the long side or on the short side if at any moment a counter is not moving beyond an initial or interim target to the final target book profits. Once initial target is crossed, you can use that as your trailing stop-loss level.

Notes:

· All prices relate to the NSE, unless otherwise mentioned.

· Calls are based on the previous trading day's price activity.

· The call is valid for the next trading session only unless otherwise mentioned.

Deepak Mohoni

Short sell Tata Motors above Rs 709 with stop loss at Rs 722. This is a day-trading recommendation.

Short sell Tata Motors above Rs 709 with stop loss at Rs 722. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0950 hours, 15th May 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

Buy Network 18 below Rs 565 with stop loss at Rs 556. This is a day-trading recommendation.

Buy Network 18 below Rs 565 with stop loss at Rs 556. This is a day-trading recommendation.

These are intra-day trading recommendations. Use trailing stops once the position is taken. The extreme price of the previous 45-90 minutes at any time can be used as the trailing stops.

I have no position in any of these stocks at the time of writing (0950 hours, 15th May 2007), nor am I aware of any family members or clients holding positions in these stocks. The stocks may or may not have been recommended as buys and/or short sales in the last two months, but that is irrelevant since these are purely day-trading recommendations.

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$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 14th May 2007

May 14, 2007

Petronet LNG Ltd.

CMP - Rs. 45.50 NSE Symbol - PETRONET BSE Code - 532522

Petronet LNG Ltd., promoted by ONGC, GAIL, IOC and BPCL, is India's largest importer of Liquified Natural Gas (LNG). The company has a 5 Million Ton per annum re-gassification plant at Dahej in Gujarat. The company imports LNG from various countries including Qatar, Algeria, Oman and Egypt.

Petronet LNG has a 25-year contract to buy LNG from Qatar's Rasgas. Through this contract, PLL currently imports five million tonne (mt) at its Dahej terminal. The company is planning to increase capacity of the Dahej terminal to 10 million tonnes per annum (mtpa) by 2008-09. The company is setting up a 2.5-million tones per annum capacity at Kochi LNG terminal, with provisions for expansion up to 5 mtpa, is to be commissioned in 2010.

Petronet's major customers are Indian Oil Corporation, BPCL and GAIL India. Demand of LNG from the power and fertilizers sectors will be the key growth driver of LNG business in India.

The company has tied up for gas for Ratnagiri Gas and Power Project Ltd., the erstwhile Dabhol Power project. The total power requirement for the project at Ratnagiri, which is currently run on Naptha, is likely to be around 2.1 MTPA.

The latest financials of the company are given as under :-

Particulars	Quarter Ended (Mar 07)	Quarter Ended (Mar 06)	Quarter Ended (% Var)	Year Ended (Mar 07) (12)	Year Ended (Mar 06) (12)	Year Ended (%Var)
Sales	1538.83	941.75	63.4	5508.95	3837.17	43.6
Other Income	14.84	6.71	121.2	36.59	19.44	88.2
PBIDT	213.97	151.98	40.8	684.65	507.6	34.9
Interest	25.89	26.47	-2.2	107.04	111.61	-4.1
PBDT	188.08	125.51	49.9	577.61	395.99	45.9
Depreciation	25.18	25.13	0.2	102.03	100.95	1.1
PBT	162.9	100.38	62.3	475.58	295.04	61.2
Tax	0.17	8.73	-98.1	0.63	25.61	-97.5
Deferred Tax	56.7	25.5	122.4	161.7	74.5	117
PAT	106.03	66.15	60.3	313.25	194.93	60.7

(Source: Capitaline)

Latest Data As On 11/05/2007
Latest Equity(Subscribed)	750
Latest Reserve	525.52
Latest Bookvalue -Unit Curr.	17.01
Latest EPS -Unit Curr.	4.18
Latest Market Price -Unit Curr.	45.65
Latest P/E Ratio	10.92
52 Week High -Unit Curr.	65
52 Week High-Date	10/6/2006
52 Week Low -Unit Curr.	35.5
52 Week Low-Date	6/8/2006
Market Capitalisation	3423.75
Stock Exchange	BSE
Dividend Yield -%	0

(Source: Capitaline)

The share price chart is given as under :-

(Source: Capitaline)

Conclusion

There is a big opportunity available to the company from the power and fertilizer sector in India. Currently, coal based thermal power is the cheapest source of electricity in the country. However to support the government's ambitious plan of setting up 75,000 MW capacity, the power companies have to look at LNG or natural gas as alternative source of fuel. Although the gas based power plants are not economical, they offer certain distinct advantages over coal based power projects like shorter gestation, high efficiency, and lower greenhouse gas and pollutant emission.

Apart from the business opportunities available to the company, the possibility of a foreign company (like Rasgas) picking up a stake in the company is not totally ruled out, given the business potential of LNG in India. The price of stake sale could be a trigger for upward rerating of the stock.

Moreover, with FY 06-07 EPS of Rs.4.2, and a dividend of 12.5%, the stock trading at a PE of 11 looks attractive given the potential for future growth.

Oswal Chemicals & Fertilizers Ltd.

CMP - Rs. 40 NSE Symbol - BINDALAGRO

Oswal Chemicals & Fertilizers Ltd. is a part of Punjab based Abhay Oswal group. The company has put up mega fertilizer projects at Shahjahanpur in Uttar Pradesh and Paradeep in Orrisa.

The company sold off both the plants last year. The company sold off its Urea Plant at Shahjanpur, U.P. to Kribhco Shyam Fertilizers Ltd. (KSFL) for a sale consideration of around Rs.1900 crores.

The company also sold its DAP plant located at Paradeep, Orissa to Indian Farmers Fertiliser Cooperative Ltd. (IFFCO). The company received a consideration of Rs.240 crores towards the Sale of the plant and in addition, IFFCO has taken over liabilities aggregating to Rs.2053 Crores of Term loan lenders and Working Capital lenders and OCPS/OCCRPS liability aggregating to Rs.327 Crores.

With the sale of both the plants, the company's balance sheet is now debt free, the company's net worth has become positive and the company has a Cash and Bank balance of around Rs. 1300 crores (as on 31^st March 2006). The company's market capitalization at the current price is around Rs.1000 crores.

The company owns roughly 60-65 acres of land at Chembur in Mumbai. The company is contemplating various options to develop that land. Market sources attribute the value of the land as more than the current market cap of the company. However, incase of the company developing the land, the value addition could be much higher.

The latest financials are given as under :-

Particulars	Quarter Ended (Dec 06)	Quarter Ended (Dec 05)	Quarter Ended (% Var)	YTD / Latest Half (Dec 06)	YTD / Latest Half (Dec 05)	YTD / Latest Half (% Var)	Year Ended (Mar 06) (12)	Year Ended (Mar 05) (12)	Year Ended (%Var)
Sales	45.89	248.4	-81.5	147.97	942.91	-84.3	781.85	1540.56	-49.2
Other Income	2.75	5.19	-47	3.16	32.95	-90.4	701.54	5.53	12586.1
PBIDT	25.14	-16.9	LP	75.98	-31.07	0	390.93	125.6	211.3
Interest	-0.03	15.09	PL	0.13	135.45	-99.9	142.44	270.48	-47.3
PBDT	25.17	-31.99	LP	75.85	-166.52	0	248.49	-144.88	LP
Depreciation	0.48	9.77	-95.1	1.36	86.56	-98.4	88.77	167.75	-47.1
PBT	24.69	-41.76	LP	74.49	-253.08	0	159.72	-312.63	LP
Tax	0.05	0.13	-61.5	0.12	0.28	-57.1	0.33	0	-
Deferred Tax	0	0	-	0	0	0	0	0	-
PAT	24.64	-41.89	LP	74.37	-253.36	0	159.39	-312.63	LP

(Source: Capitaline)

Latest Data As On 11/05/2007
Latest Equity(Subscribed)	256.81
Latest Reserve	1237.12
Latest Bookvalue -Unit Curr.	58.17
Latest EPS -Unit Curr.	0
Latest Market Price -Unit Curr.	40.45
Latest P/E Ratio	0
52 Week High -Unit Curr.	53
52 Week High-Date	10/30/2006
52 Week Low -Unit Curr.	16.5
52 Week Low-Date	7/19/2006
Market Capitalisation	1038.8
Stock Exchange	NSE
Dividend Yield -%	0

(Source: Capitaline)

The share price chart is given as under :-

(Source: Capitaline)

Conclusion

Oswal Chemicals is a company which is without any business operations after the sale of both the fertilizer plants. However, with the sale of both the plants, the company's balance sheet is now debt free, the company's net worth has become positive and the company has a Cash and Bank balance of around Rs. 1300 crores (as on 31^st March 2006). The company's market capitalization at the current price is around Rs.1040 crores.

Given the dynamism of the promoter group, the company would be surely thinking in terms of the various options available for effective utilization of the land available at Chembur and on various options available for utilization of the cash available in the company - these include putting of new projects in India and overseas. Given the fact that the amount of cash available in the company itself is more than its market cap, and in addition to that, the company's land bank, the downside from the current levels look restricted. Moreover, given the fact that the management has capabilities to execute large projects, announcement of any large profitable project to effectively utilise the surplus cash could be a trigger for the stock.

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated May 14, 2007

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 14 May 2007 16:55
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated May 14, 2007

Sharekhan's daily newsletter

Visit us at www.sharekhan.com

May 14, 2007

Index Performance

Index	Sensex	Nifty
Open	13,954.41	4,078.80
High	14,026.02	4,151.30
Low	13,924.02	4,072.45
Today's Cls	13,965.86	4,134.30
Prev Cls	13,796.16	4,076.65
Change	169.70	57.65
% Change	1.23	1.41

Market Indicators

Top Movers (Group A)
Company	Price (Rs)	% chg
Gainers
Bongaigaon Refinery	53.50	9.63
RCF	40.55	7.13
Crompton Greaves	225.75	7.07
Chennai Petroleum	230.95	6.87
MRPL	44.35	6.61
Losers
Dr Reddy's	651.25	-4.71
Sun TV	1534.50	-4.31
Finolex Cables	85.70	-3.44
Rolta India	449.55	-3.30
Dabur India	89.95	-3.23

Market Statistics
-	BSE	NSE
Advances	1,641	742
Declines	916	310
Unchanged	85	32
Volume(Nos)	28.56cr	48.41cr

Market Commentary

Sensex ends buoyant

Buoyancy among front-line and banking stocks lifts the Sensex to gain 170 points for the day.

The Sensex remained firm today on the back of firm Asian markets and strong quarterly results from SBI, LIC Housing Finance, Shobha Developers and Indian Bank.

The market opened on a positive note, tracking positive global cues at 13954, up 158 points. The strong optimism among traders kept the Sensex above the 13900 mark. In the mid morning trades the buoyancy among front-line, banking, oil and metal stocks lifted the Sensex to touch the day's high of 14026. The market remained buoyant thereafter, but the 14000 mark continued to elude the Sensex. The Sensex finally ended the session with a gain of 170 points at 13966 while the Nifty closed the session at 4134, up 58 points.

Movers & Shakers

IVRCL Infrastructures gained on receiving orders from the irrigation department of Andhra Pradesh and Infrastructure Development Corporation of Goa.
Cadila Healthcare gained marginally on acquiring the remaining 50% holding in Sarabhai Zydus Animal Health.
Punj Lloyd moved up on receiving an order worth Rs123 crore from GAIL (India).
Core Projects surged on successfully closing its foreign currency convertible bonds aggregating $80 million.
Granules India closed in the red despite receiving the approval for its facilities in the recently conducted audit by the US FDA.

The breadth of the market was positive. Of the 2,642 stocks traded on the BSE, 1,641 stocks advanced, 916 stocks declined and 85 stocks ended unchanged. Among the sectoral indices the BSE Bankex index jumped 2.45% at 7074 followed by the BSE Oil & Gas index (up 2.31% at 7355), the BSE PSU index (up 2.16% at 6532) and the BSE Metal index (up 1.95% at 10262).

Most of the heavyweights ended at higher levels. Among the blue chips, SBI shot up by 4.92% at Rs1,206, Tata Steel soared 3.86% at Rs591,Gujarat Ambuja Cement surged 3.69% at Rs124, HLL advanced by 3.56% at Rs192, Cipla added 3% at Rs211, ICICI Bank moved up 2.53% at Rs870, ONGC scaled up 2.26% at Rs907 and ACC was up 2.01% at Rs867. Among the laggards, Dr Reddy's Lab dropped 4.71% at Rs651, Hero Honda slipped 2.09% at Rs690 and Bajaj Auto shed 1.86% at Rs2,668 while Wipro, TCS, Tata Motors, HDFC Bank, L&T and ITC closed marginally lower.

Banking stocks were in the limelight and closed with strong gains. Union Bank jumped 5.22% at Rs119, Canara Bank soared 5.12% at Rs230, Oriental Bank surged 4.82% at Rs201, Punjab National Bank added 4.35% at Rs535, Indian Overseas Bank gained 4.31% at Rs119 and Bank of Baroda advanced by 4.31% at Rs270.

Over 2.52 crore Reliance Natural Resources shares changed hands on the BSE followed by Nagarjuna Fertilizer (1.47 crore shares), Reliance Petroleum (1.14 crore shares), IDBI (86.39 lakh shares) and Mangalore Chemical & Fertilizers (70.02 lakh shares).

Reliance Industries clocked a turnover of Rs142 crore on the BSE followed by India Bulls Real Estate (Rs138 crore), ICRA (Rs133 crore), Reliance Petroleum (Rs104 crore) and Page Industries (Rs86 crore).

European Indices at 16:20 IST on 14-05-2007

Index	Level	Change (pts)	Change (%)
FTSE 100	6547.30	23.20	0.36
CAC 40 Index	6037.96	-12.67	-0.21
DAX Index	7489.88	10.54	0.14

Asian Indices at close on 14-05-2007

Index	Level	Change (pts)	Change (%)
Nikkei 225	17677.94	124.22	0.71
Hang Seng	20979.24	511.03	2.50
Kospi Index	1605.77	2.21	0.14
Straits Times Index	3501.10	54.18	1.57
Jakarta Composite Index	2044.21	21.91	1.08

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BSEIndia: All Stock Market News

Monday, May 14, 2007

$$ DreamGains !! $$ FW: PowerYourTrade Trading Calls

$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 14th May 2007

$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated May 14, 2007

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