Market for the week Ended January 22

For the anniversary concluded Jan 22 Mumbai based National banal barter has abounding ups and bottomward in the anniversary that has bristles alive day. The best important day of the anniversary is on Friday area bazaar acutely bottomward in intraday by added than 180 credibility and ends at low of abreast 30 points. For the absolute anniversary NSE bottomward by 216 credibility to abutting at 5035.75 and the antecedent weeks ends at 5252.5 points. In the anniversary amid 18 to 22 January about 104 companies announces its after-effects for the division concluded December 2009 the best important companies that to be watched are HCL technologies, Godrej, 3I Info Tech, LIC Housing, Voltas, Andhra Bank, Container Corporation of India, Sun Parma, Essar oil, Maruthi Suzuki etc. In the aftermost anniversary a fresh IPO Jubilant Food works was issued at amount ambit amid 135 and 145 and the lot admeasurement is about 40 shares and one fresh Mutual armamentarium action called Fidelity Mutual Fund and arrangement beneath this armamentarium is called as Fidelity Global Real Assets Armamentarium which is Armamentarium of Funds Scheme. Today Jan 25 Monday markets opens with abrogating and it is accepted to abide for a anniversary to ample the gap which started at the alpha of this month. Coming canicule are accepted to appearance acceptable assurance in absolute volumes and the prices are accepted to blow fresh high.

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Market for the week ended January 15

For the last week market ended on Jan 15 Nifty stocks losses more than 10 points to end at 5252.2 with loss of 7.7 points on the last day of this week. Where as 30 stock index BSE on friday ends low of 30.57 points compared to previous close to end the week at 17544.3 points. In the last week there are two mutual funds listed in NSE Reliance Mutual Fund-Reliance Fixed Horizon Fund-XIII-Ser3-Div Pay Opt and Reliance Mutual Fund-Reliance Fixed Horizon Fund-XIII-Ser3-Growth Opt, Kotak Mahindra Mutual Fund-Kotak FMP 18M Series 3-Dividend Option, Kotak Mahindra Mutual Fund-Kotak FMP 18M Series 3-Growth Option and three other mutual fund from ICICI are the mutual funds listed lase week and more than 300 companies released unaudited, non cumulative, Non-consolidated results for the quarter 1 oct 2009 to 31 dec 2009. The stocks that are expected to out perform in the short term are idea cellular, IDFC, Unitech, Spice communications, PNB. Ambuja cements outperformed last week with growth of more than 10%. With the better results from the companies in this quarter compared to last quarter stocks are expected to touch its 12 month new high within an short span of two months.

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Market for the week ended january 8

Telenor communication a Norway company increases its stack to 74% in Uninor a joint venture with Unitech India and the total investment up to Rs 4113 cr. Inflation rate for the week ended december 26 stood at 4.85 compared to 4.45 last week and the flood inflation ends slightly lower than last week 19.85 and stood at 18.22 percent, however prices in the market remains higher than last weeks price. Market for the week jan 4 to jan 8 increases of 44 points and stood at 5244.75 after reaching 13 months new high of 5310.85 on jan 06 in the coming week the market is expected to bloom high because of bloom in the global markets. In the last five session market increased by 44 points with three upside movement and two downward movement. A leading investment house expects ITC, HUL, Tata tea would be bullish and it will increase upto 14% within a short span of 12 months. There is an expectation of more than 50% growth in Aravind mills as they are going to get projects worth Rs 3000 crore.

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Neptune Developers and Reliance Power

Mumbai based reality developers Neptune Developers plan for an IPO in short span to collect Rs 495 crore for its ongoing project and to clear its current debt. It has filed prospectus with SEBI for 495 crore. Neptune Developers is a biggest share holders in major concern like NMS Holdings Pvt Ltd (32.98% stake), Nayan Bheda (15.77%), Sachin Deshmukh (15.16%), IndiaREIT Enterprises Holdings Limited (10.97%), Alpex International (7%), Nayan Shah (6%) and Mahesh Shetty (6%). At present the company completed three projects with an aggregate of 14 lakh sq ft with salable sq ft of 14. 47 lakh sq ft. For the year ended March 31 2009, company net profit stood at 9.16 crore on total income of 15.92 crore. For the quater ended june 2009 company net profit at 3.75 crore on net income of 5.49 crore. As the real industry has a good bloom in the near future Neptune Developers will be one of a reality company to invest in the period. ND has debt of Rs 319.64 crore which will be cleared by issuing IPO, the net profit will stood at high percentage ever as the expense for interest will be reduced tolerably.
This is for a long term investment as the Reliance Power company has seen more down in the past as there will be no downturn in the coming future is expected to double itself within the next two to three years. As power sector is an evergreen and has good growth for this sector research analyst recommended Reliance Power to buy compared to other power companies as they have not seen such downs as Reliance power and they have more probability for downturn compared to Reliance power.

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HCL INFO Systems and JSW Energy

HCL Info system enters into Rs 110 crore contract with Gujarat Government for implementation of PC's based Biometric attendance and computer aided learning system for more than 7000 schools which comes under Tribal and under education department. HCL info system stock which was open in the price range of 149.55 touched its 52 month intra day high of 188 and the day's low of 152.65. At the beginning the company will implement this project by supplying PC's with biometric finger print scanner and ups for two districts. In addition the company will also offers facility management and it also runs teacher training programs to supply and implement robust education software effectively within the state.
JSW energy equity going to be listed in the NSE on january 4th of this month through initial public offerings. The stock was issued to retail investor at the price of Rs 95 at a discount of Rs 5 from its original issue price. The stock was over subscribed at 1.68 times as per data published in NSE website. It is estimated that the stock will trade in the range of Rs 100 to 115 for short term as the stock in the reserved portion of retail and non institutional investors remain under subscribed.

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Shriram Transport Finance and Unity Infrastructure Ltd

Shriram Transport Finance, one of a leading vehicle financier in India expected to increase their Profit After Tax in the range of 2% and 8% in the financial year 2010 and 2011 level. Recently the company introduced fee based initiatives that will improve present position in its core business. Tight control on operating expenses and higher securitisaton help the company to maintain return on equity at 28% to 30%. It is believed that the equipment financing is going to have further upside in the near future and the target set by Religare in near term is Rs512.
Unity Infraprojects is expected to reach a price target of Rs 569, as the company raised its fund of amount Rs 73 crore by private placement of 14.5 lakh shares with the institutional buyers at the rate of Rs 506 per share. The amount collected from QIP will be used for its capital expenditure and to meet its operating expenses. By QIP it is believed that the interest spent by the company will reduce and PAT is estimated to range between 5% and 18% in the financial year 2010 and 2011, EPS is estimated at 7% in the year 2010. Sharekhan maintains BUY as the stock attractively valued.

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NALCO and DECCAN CHRONICLE

NALCO India’s second largest aluminum producer touched its 52 week high of Rs 408 on December 4, 2009 when they join hands with Nuclear Power Corporation of India to invest Rs 1,000 crore to set up five nuclear power plants in the country. NPCIL and Nalco are central public sector undertaking (PSU) under the administrative control of the Department of Atomic Energy (DAE) and Ministry of Mines respectively, and when the power system starts its operation in the next two years the value of the share increases dramatically. NPCIL will contribute 2,160 MW to the nation within the next two years.
With the announcement of IPL auction on 19 jan 2010, of the two new franchises for the 2011 edition at a base price of $ 225 million, Angle Broking believe that the price of Deccan Chronicle stock to get re-rated. In our 2QFY2010 result note, we had valued DCHL on a consolidated basis at 12x FY2011E EPS of Rs12.4 and arrived at a target price of Rs149. Post this development and roll-over to FY2012 E, we upgrade DCHL to a BUY, with a revised target price of Rs216.

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