Sensex

Tuesday, July 13, 2010

[sharetrading] NIFTY



One can short Nifty around 5440 levels with a SL 5360.  Tgt 5410-5385 levels.  Market is trading in high levels and short term traders to be booked their profits in scripts which they are holding.

--- On Wed, 14/7/10, A P Abraham <abrahamap@airtelmail.in> wrote:

From: A P Abraham <abrahamap@airtelmail.in>
Subject: [sharetrading] Nifty ID
To: sharetrading@yahoogroups.com
Date: Wednesday, 14 July, 2010, 3:50 AM

 

There seems to be quietness across brokerages with giving calls…

Take caution….

Cues indicating resistance…. Beware….

Very High High RTs take suitable contrarian action.

Persons in profits, take 50% or more.




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[sharetrading] Small IT companies



Hi
 
Out of small IT companies which one is better bet Geodesic or Geometric
 
Jagdeep



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[Ways-2gain] Real Estate report

 

Hi ALL

I am looking for a detail report on real estate sector. In case if you have, please email the same to me.

Thanks
 

With Warm Regards

Ram Kishan Agrawal




From: ram kishan agarwal <writetorka@yahoo.com>
To: Ways-2gain@yahoogroups.co.in
Sent: Thu, 8 July, 2010 5:20:11 PM
Subject: [Ways-2gain] Hospitality sector report - Indian Clubs and Hotels

 

Hi ALL

I am looking for a detail report in Hospitality sector - Hotels, Clubs in India. Need to understand the industry dynamics. It will be of great help if you can email me the report.

Thanks
 

With Warm Regards

Ram Kishan Agrawal




From: samir shah <samir.shah.s@ gmail.com>
Sent: Mon, 5 July, 2010 10:48:43 AM
Subject: [Ways-2gain] value guide july [1 Attachment]

 




--
You cant do anything about the Length of your life,but you can do something about its Width and Depth.

Samir Kumar Shah.
9830405060



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[sharetrading] NIFTY ID



As of now a very very dull day ahead. Cues have still not given cautionary signals. But I feel there is distribution going on……

 

A high tide lifts all boats.. so be cautious trying to sample scrips……………..



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**[investwise]** Daiwa Puts A Buy On Power Finance Corporation

 

We forecast PFC's interest spread to drop by about 20 basis points year-on-year for FY11, as we expect its borrowing costs to rise. We forecast incremental spreads on fresh loans of 2-2.5% for FY11, compared with 3-4% for FY10. However, as we

estimate that about 55-60% of the company's loans are likely to remain locked at high interest spreads for FY11, we expect the downward pressure to be marginal.

 

We forecast 25% YoY loan growth for FY11

 

􀂃 Power-generation capacity commissioned up to December 2009 under the 11th Five-Year Plan (FY08-12) totalled 17,140MW. However, the Ministry of Power forecasts 45,234MW of capacity to be commissioned over the remaining 2.25 years of the plan. This should increase the need for funds in FY11-12. Hence, we forecast the loan book to expand by a CAGR of at least 25% for FY10-12 (from 20% YoY for FY10).

 

We reiterate our Buy rating

􀂃 We believe that given the low credit cost and high loan-growth visibility, the stock should trade at a PBR of 2.5x on our FY11 BVPS forecast. We see a change in regulatory guidelines and a higher-than-expected fall in the interest spread as the key risks.

 

􀂃 The risks are lower-than-expected loan growth, as well as higher-thanexpected

NPLs and compression of the interest spreads.


Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

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[sharetrading] Satyam call



EXIT satyam call at best today, though signals for exit are absent for same…

Am not happy with the formation in US markets….



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**[investwise]** Pennar Industries-Another Open-Offer That Is Bound To Fail

 

Yes Bank Ltd ("Manager to the Offer") on behalf of (a) Eight Capital Master Fund Ltd & (b)Spinnaker Funds i.e. Spinnaker Global Opportunity Fund Ltd, Spinnaker Global Emerging Markets Fund Ltd & Spinnaker Global Strategic Fund Ltd ("Acquirers"), has issued this Letter of Offer to the shareholders of Pennar Industries Ltd ("Target Company"), which is in continuation of & should be read in conjunction with the Public Announcement ("PA") dated January 22, 2008, pursuant to Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1991 and subsequent amendments thereto.

To acquire upto 2,52,95,496 fully paid up equity shares of the face value of Rs. 5/- (Rupees Five only) each, representing 20.00% of the voting paid up equity share capital of Target Company, at a price of Rs. 28.45 (Rupees Twenty Eight and Paise Forty Five only) per fully paid up equity share ("Price") plus interest for delay in the offer schedule, of Rs. 2.00 (Rupee Two only) per fully paid up equity share at the rate of 10% p.a., to be paid to the eligible shareholders of the Target Company, payable in cash.

Revised schedule of activities:
------------------------------------------------------------------------------------------
Activity Original Schedule Revised Schedule
------------------------------------------------------------------------------------------
Specified Date January 25, 2008 January 25, 2008
Date of Opening of the Offer March 17, 2008 July 01, 2010
Date of Closing of the Offer April 05, 2008 July 20, 2010
------------------------------------------------------------------------------------------


Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

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Recent Activity:
*****************************************
http://in.groups.yahoo.com/group/investwise/

INVESTMENTS IN INDIA
We are low-risk, long-term investors. 

Stocks, mutual funds and the entire investment gamut.  Only financing/investment avenues in India will be discussed. 

For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in

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NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.

NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.

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[sharetrading] Nifty ID



There seems to be quietness across brokerages with giving calls…

Take caution….

Cues indicating resistance…. Beware….

Very High High RTs take suitable contrarian action.

Persons in profits, take 50% or more.



__._,_.___


Please use your discretion before acting on the ideas expressed in the group.
Happy Trading,
United we grow!!!




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[sharetrading] NIFTY



Presently nifty is cruising towards 5524. Breach of that is 5650 and beyond.

Pick up as close as possible to 5350 as SL and hold LONG………..

Do not listen to doom Sayers….

I see all bears are in hiding with their tails, you know where………….



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[sharetrading] OIL



OIL made almost a 4% jump in US markets. Markets are headed higher as oil points that way……………..

Nifty 5500 target seems easily achievable……………….

ENJOY



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[sharetrading] ASIA



Another blast off day…………..

Enjoy the ride.

All cues point to positive flat day……………….. as at beginning.

SL points are far down…..



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Fw: Sharekhan's top debt fund picks

 


Sharekhan Investor's Eye
 
Mutual Gains
[July 13, 2010]
Summary of Contents

MUTUAL GAINS

Sharekhan's top debt fund picks

We have identified the best debt-oriented schemes available in the market today based on the following 3 parameters: the past performance as indicated by the one and two year returns, the Sharpe ratio and Fama (net selectivity). Sharpe indicates risk-adjusted returns, giving the returns earned in excess of the risk-free rate for each unit of the risk taken. FAMA measures the returns generated through selectivity, ie the returns generated because of the fund manager's ability to pick the right instruments and his duration management.

We have selected the top 10 schemes upon ranking on each of the above 3 parameters and then calculated the mean value of each of the 4 parameters for the top 10 schemes. Thereafter, we have calculated the underperformance or over performance of each scheme (relative performance) in each of the 4 parameters vis-?-vis their respective mean values. For our final selection of schemes, we have generated a total score for each scheme giving 30% weightage each to the relative performance as indicated by the one and two year returns, 30% weightage to the relative performance as indicated by the Sharpe ratio and the remaining 10% to the relative performance as indicated by the FAMA of the scheme. All the returns stated, for less than one year are simple annualised and for more than one year the returns are annualised. We present our recommendations in the debtoriented mutual fund category.


Click here to read report: Mutual Gains


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Regards,
The Sharekhan Research Team
myaccount@sharekhan.com

Fw: Investor's Eye: Update - Infosys (PT revised to Rs3,160), Sintex (PT revised to Rs396)

 

Sharekhan Investor's Eye
 
Investor's Eye
[July 13, 2010] 
Summary of Contents

STOCK UPDATE 

Infosys Technologies
Cluster: Evergreen
Recommendation: Hold
Price target: Rs3,160
Current market price: Rs2,795

Price target revised to Rs3,160

Result highlights

  • Infosys Technologies (Infosys)' Q1FY2011 results were below our and the Street's expectations with a 5.2% quarter-on-quarter (q-o-q) decline in the net income to Rs1,488 crore due to a lower than expected operating profit margin (OPM). Moreover, the upward revision in the guidance also failed to meet the Street?s expectations with the management taking a cautious stance due to global uncertainties.
  • In Q1FY2011 the consolidated revenues of Infosys grew by 4.3% sequentially to Rs6,198 crore, which was in line with our estimate of Rs6,213 crore. The US Dollar (USD)-term revenues grew strongly by 4.8% quarter on quarter (qoq) to USD1,358 million, ahead of the company's guidance of USD1,330-1,340 million. In constant currency, the revenues grew by 6% sequentially driven by the volume growth (up 7.6%), which was much ahead of our and the Street's expectations. The realisation (in constant currency) declined by 0.6% sequentially. 
  • The OPM declined by 236 basis points sequentially to 31.7% mainly on account of wage hike, negative cross currency impact, marginal rupee appreciation and a decline in the blended realisations. However, the negative impact of the same was partially offset by a higher utilisation level. Consequently, the operating profit also declined by 3% qoq to Rs1,962 crore. 
  • In terms of the guidance for Q2FY2011, the dollar-term revenues are guided to be in the range of USD1,413-1,427 million (a 4.1% to 5.1% sequential growth). The earnings per share (EPS) are expected to increase by 5.4-7.4% sequentially to Rs27.42 to 27.95 per share. 
  • For the full year FY2011, the revenue growth guidance (in dollar terms) has been revised to 19-21%, up from16-18% earlier. The earnings guidance has also been revised upward to 5.2-9.6% from 4.3-8.6% in dollar terms. In rupee terms, the EPS guidance has also been revised upward to Rs112.21-116.73 from the earlier guidance of Rs108-111.3. The upward revision in the revenue guidance hints towards a strong demand environment and also eases the concern regarding Europe but the revision in the earnings guidance was below the Street?s expectations. In terms of verticals, the company expects a strong demand growth from the banking, financial service and insurance (BFSI), energy and retail verticals. 
  • We have increased our revenue estimates for FY2011 and FY2012 as we have now factored in a higher volume growth on account of the strong demand environment (as indicated by the 7.6% q-o-q volume growth in Q1FY2011). We have also revised our exchange rate assumption for FY2011 to Rs45.5 and that for FY2012 to Rs45. Consequently, we have increased our EPS estimates to Rs122.6 for FY2011 and to Rs143.7 for FY2012 mainly on account of the revision in our exchange rate assumption. 
  • At the current market price, the stock is trading at 22.8x its FY2011 and 19.5x its FY2012 earnings estimates. We maintain our Hold recommendation on the stock with a revised price target of Rs3,160.

 

 

Sintex Industries
Cluster: Apple Green
Recommendation: Buy
Price target: Rs396
Current market price: Rs332

Price target revised to Rs396

Result highlights

  • Sintex Industries (Sintex)' Q1FY2011 performance topped our projections on both revenue and earnings front. The consolidated bottom line came in at Rs78.9 crore (up 30.1% year on year [yoy]) as against our expectation of Rs72.3 crore. The results include one-off expense of Rs20.5 crore in interest relating to foreign exchange (forex) loss on foreign currency convertible bonds (FCCBs; worth Rs17 crore) and legal charges (of Rs3.5 crore). Adjusting for the same, the net profit stood at strong Rs99 crore in the quarter.
  • The consolidated revenue from operations stood at Rs910.6 crore, a robust 37.5% up yoy, on account of stellar performance of the building product division (up 43% yoy) and the custom molding division (up 38.9% yoy; primarily due to Bright Autoplast), and a revival in the textile division (up 30% yoy). 
  • The operating profit increased by strong 57% yoy led by revenue growth and a strong 190-basis-point expansion in the operating profit margin (OPM) to 15.1%.
  • As far as subsidiaries are concerned, Bright Brothers and Nief Plastics reported strong performance during the quarter. The revenue from Bright Brothers improved by 47% yoy and that from Nief Plast was up by 16% yoy. Zeppelin Mobiles continued to be a drag, posting a 15% year-on-year (y-o-y) decline in the quarterly revenue.
  • The underlying demand in the monolithic construction business continues to be strong, with the company having a total order book of Rs2,300 crore to be executed over the next 20-22 month period. Further, the company is all set to expand its customer base in this segment, adding various government institutions (currently it is in talks with the Government of Karnataka). In the last 18 months, it has added couple of housing board orders; this will enhance its order repetitiveness from same geographies, leading to better utilisation of local contractors and material sourcing. We expect these initiatives to provide further impetus to the building material segment. Thus we expect the strong demand in the plastic segment (prefabs, monolithic and custom building businesses) to continue to drive the company?s growth in the near to medium term. Further, the revenue per site on rise will lead to optimal use of plastic form work resulting in improved margins. The scenario in the luxury textile business has started improving and we expect that the pain is behind, and going forward, we see incremental positives coming from this business.
  • We maintain our bullish stance on the company on the back of strong revenue visibility and margin expansion in wake of strong growth in the building material (monolithic as well as prefabs) and the custom moulding divisions coupled with stable performance of the textile business. We expect the company to post an earnings compounded annual growth rate (CAGR) of 22% over FY2010-12E. We maintain our Buy recommendation on the stock with a revised price target of Rs396 (11x FY2012E). At the current market price the stock is trading at 12x and 9.3x its FY2011E and FY2012E earnings respectively.

 
Click here to read report: Investor's Eye


Attention:  As per SEBI guidelines, clients who want to transact in the Futures & Options segment are required to submit proof of Financial Details. Kindly contact the nearest Sharekhan branch for more information or check the pop-up banner on our website, www.sharekhan.com.

 

Regards,
The Sharekhan Research Team
myaccount@sharekhan.com 

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[sharetrading] Fwd: EDELSTAR - Our weekly recommendation.





-------- Original Message --------
Subject: EDELSTAR - Our weekly recommendation.
Date: 14 Jul 2010 07:29:34 +0530
From: Edelweiss.in HelpDesk <helpdesk@edelweiss.in>
Reply-To: EdelweissHelpDesk <helpdesk@edelweiss.in>
To: saharsh1@gmail.com


Stocks cherry picked weekly for you to savour.
EDELSTAR - Our weekly recommendation.

Short Term Med. Term Long Term  
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Are you an investor who believes in investing for the short term based on strong fundamentals? Do you wish to maximize returns based on the risk, valuations and business outlook of companies? Edelstar helps you meet these objectives by recommending stocks based on fundamental research and backed by a technical view.

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Based on fundamental research and backed by a technical view, EDELSTAR encourages value-investing on a medium to long term basis.

EDELSTAR relies only on fundamental facts and figures, rather than rumors and tips. Each report includes Business Overview, Investment Theme, Risks, Outlook and Valuations supported by a technical view for maximizing returns.

EDELSTAR offers a recommendation on one stock every week. The report is easy to action with a clear target price. The report is released every Saturday through SMS, e-mail and on our web site www.edelweiss.in.

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  • Call your Edelweiss Equity Advisor - he will alert you every Saturday for the new report and also include you for receiving email and SMS updates for the same.
  • Call us on 1800-102-3335 (toll free).

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The Client Advisory Services (CAS) Research Desk has been offering calls to investors since March 2009. Backed by research from Edelweiss Securities Limited , the CAS Research Desk focuses on maximizing returns through products to suit each investor profile.

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Happy Trading,
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