Buy Ashokleyland: Rs.73/- Target Rs.78/-
Expects good halfyearly results today.
Cement, steel,power and all infra structure stocks and also oil stocks have got good future.Cement companies results will be announced one by one within next 2 to 3 days.
Software stocks, bank stocks which are already overheated may not be purchased or better to sell.Telecom sectors are also not good. Airtel can be exception due to its hold in Africa.
Tata steel:Buy :
Good stock Rs.622-. short term Target(2 months) Rs.660/- Long term target: Rs.800/-(one year) It may move slowly up to long term target. PE ratio is only 8 and will reduce further due to increase in EPS.
The corus is also growing well and in addtion this, new port ( Dhamra port )value will be added soon so that the share will hit Rs.800 within ayear.
Steel value Rs.650 + port value Rs.150 = Rs.800. When the news of opening of port flashes, the tata steel price will jump for nearly Rs.100/-.
With good indian market, this stock stands to gain substantially soon.
Dhamra port- 50% equity by Tata steel will be operational in Nov 2010. This will increase the potent value of tata steel as all the port shares commanding premium and the Dhamra port is going to be one of the major ports in the country with 13 berths. Ships having 60 million tons capacity can anchor here. Situated between Haldia and Paradip, the port at Dhamra will be the deepest of India with a draught of 18 meters, which can accommodate super cape-size vessels up to 180,000 dead weight tons.
Buy reliance industries Rs.1045. short Target:Rs.1070
Buy JP Associates Rate: Rs.127 ST(shorttime target) Rs. 140
Cement price increased by Rs.25 per bag through out india by all cement companies.
When we recall the old news i.e. Jaiprakash Associates Limited announced sales results for the month and four months ended Aug. 2010. For the month, the company reported a 51% jump in sales at 1.085 million. The company had dispatched 719,000 tonnes cement in the same month last year. Cumulative sales of the company in April-August period of the current year stood at 620,000 tonnes, up 59% from the same period last year. So expect good results from JP associates and corner the shares now at this rate.
Also the interview with chairman, JP associate recently hints about good things to come in JP associate table. So don't lack behind to own good share which is having limited retail public holdings to the extent of 11% only ;rest is in the hands of institutions and promoters who will not sell it as JPAssociate is multi-business entity and growing company.
"Q: What about the current year? What kind of guidance can you hold out on the topline and if you could break it up between the three segments as well?
A: I can tell you that it is almost the second month of Q1 of FY11 and we all know how Indian economy has shown its resilience. With the grace of God and on our strong foundation—all the three revenue streams of the JP Ltd are on good track, there is good momentum. Our commissioned cement capacity as of March 2010 is 22 million tonne including the 2.2 million tonne capacity, which the group gets from its joint venture with SAIL, which has been commissioned ahead of schedule.
We are optimistic and we are seeing the type of production we are able to get and the type of sales we are able to realize in the market that before March 2011, we would be able to sell and produce almost 20 million tonne, up from 11 million tonne in year ending March 2010. The E&C business, on the strength of healthy order book and projects under advance implementation, is expected to contribute handsomely.
I have all the reason to believe that if all goes well for the economy, and GDP is able to sustain more than 7% rate, we are in for a very good year as far as FY11 is concerned. It’s logical that for cement, we will be able to produce 20 million tonne up from 11 million tonne—the turnover from cement itself will be more than Rs 9,000 crore and total turnover we hope to achieve in excess of Rs 16,000 crore for current financial year.
Q: If that is your guidance for FY11, Rs 16,000 crore on turnover, what kind of margin profile will you enjoy given your view on cement prices and E&C margins this year?
A: The EBITDA was almost 40% for year ended March ‘10 and we have been able to maintain healthy margin of 28-29%. I am reasonably sure that we will be able to maintain this level of margin because of the type of business we are in and the type of efficiency we are able to achieve consistently."
Buy IFCI Rs.70.70Target Rs.75
Very soon consultant report will come. IFCI may be one of the eligible candidate for bank status.
Coal India IPO appears to be priced high as per some experts.Price may be around Rs.150 to Rs.200 taking into account all constraints in mines industry. The price band decided now is 225-245 with 5% discount to retail investors. It may go to the way NTPC has gone.The government interferance, high manpower strength, high salary outgo, inferior coal quality, Difficult recovery from EB boards and other Govt sectors for coal bills outstanding, Mafia in Bihar belt all will add woes to Coal india and its investors.Also new mining policy may say to share 26% with local people for mining companies. So it is better to avoid this issue. AFter the issue is over, there will be scramble to sell the shares as most of the retailers took loan from banks,brokerage houses for initial subscription in order to earn some profit. The share price will go down from IPO price. So exercise caution as you may be enter into loss. Think twice before subscription.
The ongoing initial public offering (IPO) of Coal India (CIL), the country’s biggest ever, is unlikely to evince much interest from its 400,000-strong workforce, despite about 10 per cent of the 631.6 million shares on offer being reserved for the employees.Disinvestment Secretary Sumit Bose refrained from expressing disappointment at the possible lackluster response from the CIL workforce. “The employee response can be determined only after the issue closes, but in certain cases, there can be problems.".This is first day reaction. Only FII has shown interest in the issue who are not aware of the real situation in coal india affairs.
Sterlite indus: Hold
Supreme court has given permission to continue operation till Mid-Dec 2010 by this time, it will receive replies from state and other authorities for some questions raised. So temporary relief to sterlite.
Mahindra Satyam: Sell as suggested earlier.
DVR(Different voting right) share issue which is being preferred by some companies is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority for the said issue.The DVR/QIP portion is issued at around 30% discount to PE companies. Here the purchasers will get limited voting right i.e.they may be having one voting right for ten shares held (vs) one voting right for one share. This helps the promoters to safeguard their hold in the management. Here the sufferers are small investors who will face the erosion of the intrinsic value of the share and DVR holders will get benefit. In order to safeguard the small investors, SEBI should intervene in these cases and issue directive that only in extreme cases , they should go to DVR/QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI. Though the funding will be interest free for the company and in the long run, the company will get benefit, in the initial stages,minority share holders gets the jolt. Right issue will be the alternative which will benefit the company when response is expected positively and will reduce loans of the companies. SEBI should allow DVR module only to weak companies which may not able to raise funds from banks or from rights.They can sell shares at discount and get funds. Ispat industries can be an example for this.
Cairn india:Hold/Sell: 340/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Showing posts with label free stock tips. Show all posts
Showing posts with label free stock tips. Show all posts
Tuesday, October 19, 2010
Monday, October 18, 2010
free stock tips 19.10.2010
Buy Ashokleyland: Rs.73/- Target Rs.78/-
Expects good halfyearly results tomorrow.
Coal India IPO appears to be priced high as per some experts.Price may be around Rs.175 to Rs.200 taking into account all constraints in mines industry. The price band decided now is 225-245 with 5% discount to retail investors. It may go to the way NTPC has gone.The government interferance, high manpower strength, high salary outgo, inferior coal quality, Difficult recovery from EB boards and other Govt sectors for coal bills outstanding, Mafia in Bihar belt all will add woes to Coal india and its investors.Also new mining policy may say to share 26% with local people for mining companies. So it is better to avoid this issue. AFter the issue is over, there will be scramble to sell the shares as most of the retailers took loan from banks,brokerage houses for initial subscription in order to earn some profit. The share price will go down from IPO price. So exercise caution as you may be enter into loss. Think twice before subscription.
The ongoing initial public offering (IPO) of Coal India (CIL), the country’s biggest ever, is unlikely to evince much interest from its 400,000-strong workforce, despite about 10 per cent of the 631.6 million shares on offer being reserved for the employees.Disinvestment Secretary Sumit Bose refrained from expressing disappointment at the possible lackluster response from the CIL workforce. “The employee response can be determined only after the issue closes, but in certain cases, there can be problems.".This is first day reaction. Only FII has shown interest in the issue who are not aware of the real situation in coal india affairs. Pity them as in long run,they may lose some money in this issue.If they can wait for some time after issue, they can grab at cheaper rates.This is my personal opinion as I got some previous exposure in coal india internal affairs noticing nepotism, corruption etc.in large scale and sincere efficient officers are sidelined and kept in non-key positions. Some of the officers quit the job also due to this.
Sterlite indus: Hold
Supreme court has given permission to continue operation till Mid-Dec 2010 by this time, it will receive replies from state and other authorities for some questions raised. So temporary relief to sterlite.
Cement, steel,power all infra structure stocks have got good future. Software stocks, bank stocks which are already overheated may not be purchased or better to sell.Telecom sectors are also not good. Airtel can be exception due to its hold in Africa.
Buy JP Associates Rate: Rs.128 ST(shorttime target) Rs. 140
Cement price will be increased by Rs.25 per bag through out india by all cement companies.
When we recall the old news i.e. Jaiprakash Associates Limited announced sales results for the month and four months ended Aug. 2010. For the month, the company reported a 51% jump in sales at 1.085 million. The company had dispatched 719,000 tonnes cement in the same month last year. Cumulative sales of the company in April-August period of the current year stood at 620,000 tonnes, up 59% from the same period last year. So expect good results from JP associates and corner the shares now at this rate.
Also the interview with chairman, JP associate recently hints about good things to come in JP associate table. So don't lack behind to own good share which is having limited retail public holdings to the extent of 11% only ;rest is in the hands of institutions and promoters who will not sell it as JPAssociate is multi-business entity and growing company.
"Q: What about the current year? What kind of guidance can you hold out on the topline and if you could break it up between the three segments as well?
A: I can tell you that it is almost the second month of Q1 of FY11 and we all know how Indian economy has shown its resilience. With the grace of God and on our strong foundation—all the three revenue streams of the JP Ltd are on good track, there is good momentum. Our commissioned cement capacity as of March 2010 is 22 million tonne including the 2.2 million tonne capacity, which the group gets from its joint venture with SAIL, which has been commissioned ahead of schedule.
We are optimistic and we are seeing the type of production we are able to get and the type of sales we are able to realize in the market that before March 2011, we would be able to sell and produce almost 20 million tonne, up from 11 million tonne in year ending March 2010. The E&C business, on the strength of healthy order book and projects under advance implementation, is expected to contribute handsomely.
I have all the reason to believe that if all goes well for the economy, and GDP is able to sustain more than 7% rate, we are in for a very good year as far as FY11 is concerned. It’s logical that for cement, we will be able to produce 20 million tonne up from 11 million tonne—the turnover from cement itself will be more than Rs 9,000 crore and total turnover we hope to achieve in excess of Rs 16,000 crore for current financial year.
Q: If that is your guidance for FY11, Rs 16,000 crore on turnover, what kind of margin profile will you enjoy given your view on cement prices and E&C margins this year?
A: The EBITDA was almost 40% for year ended March ‘10 and we have been able to maintain healthy margin of 28-29%. I am reasonably sure that we will be able to maintain this level of margin because of the type of business we are in and the type of efficiency we are able to achieve consistently."
Buy IFCI Rs.72.60 Target Rs.75
Very soon consultant report will come. IFCI may be one of the eligible candidate for bank status.
Mahindra Satyam: Sell as suggested earlier.
Latest news is:
After sending a notice to Mahindra Satyam, market regulator US Securities and Exchange Commission (SEC) is going to penalise the IT company for the fund forgery. SEC is likely to throw penalty of up to USD 100 million on Mahindra Satyam, reports CNBC-TV18 quoting sources.
Tata steel:
Good stock Rs.647/-. short Target Rs.660/- Long term target: Rs.800/- It may move slowly up to long term target.
Buy reliance industries Rs.1045. short Target:Rs.1070
DVR(Different voting right) is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority for the said issue.The DVR/QIP portion is issued at around 30% discount to PE companies. Here the purchasers will get limited voting right. Say they may be having one voting right for ten shares held vs one voting right for one share. This helps the promoters to safeguard their hold in the management. Here the sufferers are small investors who will face the erosion of the intrinsic value of the share. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.Though the funding will be interest free for the company and in the long run, the company will get benefit, in the initial stages,minority share holders gets the jolt. Right issue will be the alternative which will benefit the company. SEBI should allow this module only to weak companies which may not able to raise funds from banks or from rights.
Cairn india:Hold/Sell: 340/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Expects good halfyearly results tomorrow.
Coal India IPO appears to be priced high as per some experts.Price may be around Rs.175 to Rs.200 taking into account all constraints in mines industry. The price band decided now is 225-245 with 5% discount to retail investors. It may go to the way NTPC has gone.The government interferance, high manpower strength, high salary outgo, inferior coal quality, Difficult recovery from EB boards and other Govt sectors for coal bills outstanding, Mafia in Bihar belt all will add woes to Coal india and its investors.Also new mining policy may say to share 26% with local people for mining companies. So it is better to avoid this issue. AFter the issue is over, there will be scramble to sell the shares as most of the retailers took loan from banks,brokerage houses for initial subscription in order to earn some profit. The share price will go down from IPO price. So exercise caution as you may be enter into loss. Think twice before subscription.
The ongoing initial public offering (IPO) of Coal India (CIL), the country’s biggest ever, is unlikely to evince much interest from its 400,000-strong workforce, despite about 10 per cent of the 631.6 million shares on offer being reserved for the employees.Disinvestment Secretary Sumit Bose refrained from expressing disappointment at the possible lackluster response from the CIL workforce. “The employee response can be determined only after the issue closes, but in certain cases, there can be problems.".This is first day reaction. Only FII has shown interest in the issue who are not aware of the real situation in coal india affairs. Pity them as in long run,they may lose some money in this issue.If they can wait for some time after issue, they can grab at cheaper rates.This is my personal opinion as I got some previous exposure in coal india internal affairs noticing nepotism, corruption etc.in large scale and sincere efficient officers are sidelined and kept in non-key positions. Some of the officers quit the job also due to this.
Sterlite indus: Hold
Supreme court has given permission to continue operation till Mid-Dec 2010 by this time, it will receive replies from state and other authorities for some questions raised. So temporary relief to sterlite.
Cement, steel,power all infra structure stocks have got good future. Software stocks, bank stocks which are already overheated may not be purchased or better to sell.Telecom sectors are also not good. Airtel can be exception due to its hold in Africa.
Buy JP Associates Rate: Rs.128 ST(shorttime target) Rs. 140
Cement price will be increased by Rs.25 per bag through out india by all cement companies.
When we recall the old news i.e. Jaiprakash Associates Limited announced sales results for the month and four months ended Aug. 2010. For the month, the company reported a 51% jump in sales at 1.085 million. The company had dispatched 719,000 tonnes cement in the same month last year. Cumulative sales of the company in April-August period of the current year stood at 620,000 tonnes, up 59% from the same period last year. So expect good results from JP associates and corner the shares now at this rate.
Also the interview with chairman, JP associate recently hints about good things to come in JP associate table. So don't lack behind to own good share which is having limited retail public holdings to the extent of 11% only ;rest is in the hands of institutions and promoters who will not sell it as JPAssociate is multi-business entity and growing company.
"Q: What about the current year? What kind of guidance can you hold out on the topline and if you could break it up between the three segments as well?
A: I can tell you that it is almost the second month of Q1 of FY11 and we all know how Indian economy has shown its resilience. With the grace of God and on our strong foundation—all the three revenue streams of the JP Ltd are on good track, there is good momentum. Our commissioned cement capacity as of March 2010 is 22 million tonne including the 2.2 million tonne capacity, which the group gets from its joint venture with SAIL, which has been commissioned ahead of schedule.
We are optimistic and we are seeing the type of production we are able to get and the type of sales we are able to realize in the market that before March 2011, we would be able to sell and produce almost 20 million tonne, up from 11 million tonne in year ending March 2010. The E&C business, on the strength of healthy order book and projects under advance implementation, is expected to contribute handsomely.
I have all the reason to believe that if all goes well for the economy, and GDP is able to sustain more than 7% rate, we are in for a very good year as far as FY11 is concerned. It’s logical that for cement, we will be able to produce 20 million tonne up from 11 million tonne—the turnover from cement itself will be more than Rs 9,000 crore and total turnover we hope to achieve in excess of Rs 16,000 crore for current financial year.
Q: If that is your guidance for FY11, Rs 16,000 crore on turnover, what kind of margin profile will you enjoy given your view on cement prices and E&C margins this year?
A: The EBITDA was almost 40% for year ended March ‘10 and we have been able to maintain healthy margin of 28-29%. I am reasonably sure that we will be able to maintain this level of margin because of the type of business we are in and the type of efficiency we are able to achieve consistently."
Buy IFCI Rs.72.60 Target Rs.75
Very soon consultant report will come. IFCI may be one of the eligible candidate for bank status.
Mahindra Satyam: Sell as suggested earlier.
Latest news is:
After sending a notice to Mahindra Satyam, market regulator US Securities and Exchange Commission (SEC) is going to penalise the IT company for the fund forgery. SEC is likely to throw penalty of up to USD 100 million on Mahindra Satyam, reports CNBC-TV18 quoting sources.
Tata steel:
Good stock Rs.647/-. short Target Rs.660/- Long term target: Rs.800/- It may move slowly up to long term target.
Buy reliance industries Rs.1045. short Target:Rs.1070
DVR(Different voting right) is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority for the said issue.The DVR/QIP portion is issued at around 30% discount to PE companies. Here the purchasers will get limited voting right. Say they may be having one voting right for ten shares held vs one voting right for one share. This helps the promoters to safeguard their hold in the management. Here the sufferers are small investors who will face the erosion of the intrinsic value of the share. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.Though the funding will be interest free for the company and in the long run, the company will get benefit, in the initial stages,minority share holders gets the jolt. Right issue will be the alternative which will benefit the company. SEBI should allow this module only to weak companies which may not able to raise funds from banks or from rights.
Cairn india:Hold/Sell: 340/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Free stock tips 18.10.2010
Coal India IPO appears to be priced slightly high as per some experts.Price may be around Rs.175 to Rs.200 taking into account all constraints in mines industry. The price band decided now is 225-245 with 5% discount to retail investors. It may go to the way NTPC has gone.The government interferance, high manpower strength, high salary outgo, inferior coal quality, Difficult recovery from EB boards and other Govt sectors for coal bills outstanding, Mafia in Bihar belt all will add woes to Coal india and its investors.Also new mining policy may say to share 26% with local people for mining companies. So it is better to avoid this issue. AFter the issue is over, there will be scramble to sell the shares as most of the retailers took loan from banks,brokerage houses. The share price will go down from IPO price. So exercise caution.
Cement, steel,power all infra structure stocks have got good future. Software stocks, bank stocks which are already overheated may not be purchased or better to sell.Telecom sectors are also not good. Airtel can be exception due to its hold in Africa.
Buy JP Associates Rate: Rs.128 ST(shorttime target) Rs. 140
Cement price will be increased by Rs.25 per bag through out india by all cement companies
Buy IFCI Rs.71 Target Rs.75
Very soon consultant report will come. IFCI may be one of the eligible candidate for bank status.
Mahindra Satyam: Sell as suggested earlier.
Latest news is:
After sending a notice to Mahindra Satyam, market regulator US Securities and Exchange Commission (SEC) is going to penalise the IT company for the fund forgery. SEC is likely to throw penalty of up to USD 100 million on Mahindra Satyam, reports CNBC-TV18 quoting sources.
Tata steel:
Good stock Rs.630/-. short Target Rs.660/- Long term target: Rs.800/- It may move slowly up to long term target.
Buy reliance industries Rs.1045. short Target:Rs.1070
QIP is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority.The QIP portion is issued at discount to PE companies. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.
Cairn india:Hold/Sell: 340/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Cement, steel,power all infra structure stocks have got good future. Software stocks, bank stocks which are already overheated may not be purchased or better to sell.Telecom sectors are also not good. Airtel can be exception due to its hold in Africa.
Buy JP Associates Rate: Rs.128 ST(shorttime target) Rs. 140
Cement price will be increased by Rs.25 per bag through out india by all cement companies
Buy IFCI Rs.71 Target Rs.75
Very soon consultant report will come. IFCI may be one of the eligible candidate for bank status.
Mahindra Satyam: Sell as suggested earlier.
Latest news is:
After sending a notice to Mahindra Satyam, market regulator US Securities and Exchange Commission (SEC) is going to penalise the IT company for the fund forgery. SEC is likely to throw penalty of up to USD 100 million on Mahindra Satyam, reports CNBC-TV18 quoting sources.
Tata steel:
Good stock Rs.630/-. short Target Rs.660/- Long term target: Rs.800/- It may move slowly up to long term target.
Buy reliance industries Rs.1045. short Target:Rs.1070
QIP is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority.The QIP portion is issued at discount to PE companies. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.
Cairn india:Hold/Sell: 340/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Wednesday, October 13, 2010
Free stock tips 14.10.2010
Tata steel:
Go slow after reaching Rs.655/-. There may be short term reaction on the opposite side due to yesterday boost. Exercise caution.
Go slow on reliance industries alsoafter reachng Rs.1080. Reason is same as above. Wait for correction now.
Buy EIH: (Rs.137/-) Target Rs.150 short term
Since take over guidelines will be issued around Oct 25th by SEBI this year, we can expect lot of activity by reliance and ITC in this stock.
Again I recommend visa steel at the present price of Rs.41. Target Rs.50 in short term. Long term : Rs.70
One of my reader who is a docter got some confusion about targets mentioned by me. I am quoting short term and long term targes which can be understood by time period mentioned now onwards. If no time period mentioned, then it is short term target , may be maximum of one month.
Metal and oil sectors appear to be good.Tata steel and reliance are yet to achieve their maximum stock quote of 52 weeks high as compared to other stocks and hence have still steam left and they are supported by good management and planned growth in future. Reliance price is depended on oil price increase/decrease on day to day basis now.
Avoid/sell Banks, real estate, software sectors for the time being as NIFTY
and stocks under these categories are heated up high already.
Go slow after reaching Rs.660/-. There may be short term reaction. Exercise caution.
Buy Tata steel:Rs.640/-Short term Target Rs.660/- Long term target: Rs.800/-(6 months to one year)
PE ratio is around 8 only. This will reduce further due to increase in steel price and reduction in raw material price. So good buy.
Another cost cutting measure taken by Tata steel for profit maximization:
Tata steel management started the exercise of checking viability of all overseas projects one by one in order to achieve optimum profitability. In this direction, Tata Steel Europe has decided to shut down Tata Steel Living Solutions, located at Shotton, North Wales which contributed only loss so far. The unit was established in 2003 and was making modular buildings for the construction industry. The move has put 180 jobs on the block.The operations at Living Solutions are said to be very small compared to Tata Steel Europe and shutting the business will not have any material effect on the company’s financial well being, on the other hand, it can look for buyers of the unit on sale and also reduction in regular pay out as salary.
Dhamra port- 50% equity by Tata steel:
BHUBANESWAR: Dhamra port will be operational soon according to Orissa transport minister Sanjib Sahoo .
Replying to a query by Congress member Bhujabal Majhi, the minister on Friday told the members that the developers had so far invested Rs 2700 crore of the estimated project cost of Rs 3239 crore and nearly 96% of the construction work was over by the end of the last month.(Aug 2010 position)
The port is being developed by Dhamra Port Company Limited, a joint venture of Tata Steel and Larsen & Toubro.
Tata Steel and Larsen & Toubro hold equal stakes in the Dhamra port project, which is being developed on a build, own, operate share and transfer (BOOST) basis.
Mr Sahoo informed that of the 384 displaced people 371 had received compensation and efforts were being made to settle dues of the others at the shortest possible time.
As regards employment generation, the minister said 2881 people were engaged in construction of the port project and the figure would increase once the port becomes operational.
“Dhamra port will be immensely beneficial to the investors in Orissa and its neigbours. It is going to be one of the major ports in the country with 13 berths. Ships having 60 million tons capacity can anchor here,” the minister said.
The construction work for the 62-km rail link from Dhamra to Bhadrak on the main Howrah-Chennai line is almost complete.
Situated between Haldia and Paradip, the port at Dhamra will be the deepest of India with a draught of 18 meters, which can accommodate super cape-size vessels up to 180,000 dead weight tons (DWT).
It is likely to be commissioned in Nov 2010. Looking into the valuation of ports like Mundra, we can guess about value addition to tata steel due to this. So it is a good buy now.
QIP is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority.The QIP portion is issued at discount to PE companies. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.
Coal India IPO appears to be priced slightly high as per some experts.The price band decided is 225-245 with 5% discount to retail investors. It should not go to the way NTPC has gone.
Cairn india:Hold/Sell: 345/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Go slow after reaching Rs.655/-. There may be short term reaction on the opposite side due to yesterday boost. Exercise caution.
Go slow on reliance industries alsoafter reachng Rs.1080. Reason is same as above. Wait for correction now.
Buy EIH: (Rs.137/-) Target Rs.150 short term
Since take over guidelines will be issued around Oct 25th by SEBI this year, we can expect lot of activity by reliance and ITC in this stock.
Again I recommend visa steel at the present price of Rs.41. Target Rs.50 in short term. Long term : Rs.70
One of my reader who is a docter got some confusion about targets mentioned by me. I am quoting short term and long term targes which can be understood by time period mentioned now onwards. If no time period mentioned, then it is short term target , may be maximum of one month.
Metal and oil sectors appear to be good.Tata steel and reliance are yet to achieve their maximum stock quote of 52 weeks high as compared to other stocks and hence have still steam left and they are supported by good management and planned growth in future. Reliance price is depended on oil price increase/decrease on day to day basis now.
Avoid/sell Banks, real estate, software sectors for the time being as NIFTY
and stocks under these categories are heated up high already.
Go slow after reaching Rs.660/-. There may be short term reaction. Exercise caution.
Buy Tata steel:Rs.640/-Short term Target Rs.660/- Long term target: Rs.800/-(6 months to one year)
PE ratio is around 8 only. This will reduce further due to increase in steel price and reduction in raw material price. So good buy.
Another cost cutting measure taken by Tata steel for profit maximization:
Tata steel management started the exercise of checking viability of all overseas projects one by one in order to achieve optimum profitability. In this direction, Tata Steel Europe has decided to shut down Tata Steel Living Solutions, located at Shotton, North Wales which contributed only loss so far. The unit was established in 2003 and was making modular buildings for the construction industry. The move has put 180 jobs on the block.The operations at Living Solutions are said to be very small compared to Tata Steel Europe and shutting the business will not have any material effect on the company’s financial well being, on the other hand, it can look for buyers of the unit on sale and also reduction in regular pay out as salary.
Dhamra port- 50% equity by Tata steel:
BHUBANESWAR: Dhamra port will be operational soon according to Orissa transport minister Sanjib Sahoo .
Replying to a query by Congress member Bhujabal Majhi, the minister on Friday told the members that the developers had so far invested Rs 2700 crore of the estimated project cost of Rs 3239 crore and nearly 96% of the construction work was over by the end of the last month.(Aug 2010 position)
The port is being developed by Dhamra Port Company Limited, a joint venture of Tata Steel and Larsen & Toubro.
Tata Steel and Larsen & Toubro hold equal stakes in the Dhamra port project, which is being developed on a build, own, operate share and transfer (BOOST) basis.
Mr Sahoo informed that of the 384 displaced people 371 had received compensation and efforts were being made to settle dues of the others at the shortest possible time.
As regards employment generation, the minister said 2881 people were engaged in construction of the port project and the figure would increase once the port becomes operational.
“Dhamra port will be immensely beneficial to the investors in Orissa and its neigbours. It is going to be one of the major ports in the country with 13 berths. Ships having 60 million tons capacity can anchor here,” the minister said.
The construction work for the 62-km rail link from Dhamra to Bhadrak on the main Howrah-Chennai line is almost complete.
Situated between Haldia and Paradip, the port at Dhamra will be the deepest of India with a draught of 18 meters, which can accommodate super cape-size vessels up to 180,000 dead weight tons (DWT).
It is likely to be commissioned in Nov 2010. Looking into the valuation of ports like Mundra, we can guess about value addition to tata steel due to this. So it is a good buy now.
QIP is an issue that is going against the minority shareholders. The promoters easily are getting the approval from AGM as they are in majority.The QIP portion is issued at discount to PE companies. In order to safeguard the small investors, SEBI should intervene in this cases and issue directive that only in extreme cases , they should go to QIP after failing in all other avenues where small investors/minority shareholders are not affected. Investor protection forum also should take up this matter to SEBI.
Coal India IPO appears to be priced slightly high as per some experts.The price band decided is 225-245 with 5% discount to retail investors. It should not go to the way NTPC has gone.
Cairn india:Hold/Sell: 345/-No fresh buy.
Only confusion is prevailing and there is inordinate delay on the part of ONGC/SEBI/Govt. Vedanta says that it will not increase open offer price.
Monday, September 27, 2010
Free stock tips 28.09.2010
Unitech: sell
It appears that this company is involved in CAG's indictment of 2G spectrum case. There is possibility of its indictment and also its plan to come out of telecom business through subsidiary is now resisted by CAG by indictment. Since Supreme court is also looking in this matter and hence this company may lose sizable amount.
IFCI: Buy Rs.62.20 Target short term Rs.70/-
Govt has appointed advisor for IFCI who will submit report before dec2010.It is a stock in hibernation but any time it will come out of shell and climb upto Rs.70/-
Tata steel: Rs.645:Buy
"Steel prices may go up by Rs 1,500 a tonne
Press Trust Of India / New Delhi September 28, 2010, 0:08 IST
Domestic steel manufacturers may increase prices by up to Rs 1,500 a tonne in the next few days to cash in on the pick up in demand in the festive season, the second hike in as many months.
Now hold or buy upto Rs.660/-. Now Corus will be rechristened as Tata steel and the restructuring of loans of Corus which will be transferred to New entity Tata steel in Europe will be beneficial to Tata steel. The debts will be reduced to half nearly. Also there is likelyhood of steel price hike."
Visa steel
Mr.Vishambar Saran, ex- tata steel officer, now Chairman of Visa steel has already applied for mining lease in Orissa and Madhya pradesh. When new mining policy is announced, this company will get the ines soon. Present price is Rs.40. Target Rs.50 within 6 months.The promtors hold 71% and floating stock is only 29%. If any company corners this 25%, it can have the capacity to negotiate for directorship and also participate in networth of the company. The stock price is not in consonance with real networth of the company and is very low. Interested controlling parties are managing the share price low so that investors can stay away from the stock.They are making the price often very down in order to drive away investors from this golden stock. But once when any big investor grabs large chunk, automatically the price will rise fantastically as promoters will not sell their stake for fear of losing control. Visa steel promotors should think of making this company just like tata steel thus to reduce debts , they should get good finance partner who can be given some important post.The real worth of the stock is not less than Rs.60/-.
Reliance industries.(Rs.1001) Target Rs.1050/-
The rights issue in East india hotels will help reliance to reduce its purchase value in EIH to almost market price of EIH. Entering in hotel business and expanding it globally is the vision of reliance thus expanding its growth laterally in many sectors to offset any weakness in any one sector. This is a good management practice and investors will be benefited by it.Expected good refining margins. Expected good half yearly earnings.
Crude price may increase at any time. It is better than ONGC as Govt may allow ONGC to make loss in order to gain votes. Due to Shale gas companies purchase will help reliance to achieve very good growth path. In India, it will be leader in shale gas contracts as it is the one which joined bandwagon of shale gas companies recently compared to others who are just thinking to join. So invest and wait for just 6 months to get results.
Don't miss to purchase it now thus not repenting later.Really reliance is cheap at this price and Mukesh Ambani is just like his father to preserve investors networth. It is a suppressed stock. All finance consultants agree on this.If gas price increase, it will shoot up. Gas price is likely to stabilise between $80 to $100 as economy is slowly limbing back to normalcy.
The government is also planning to raise the price of state-administered, or APM, gas sold to sectors other than power and fertiliser by over 10 per cent to $5.25 per million British thermal unit (mBtu).The proposal to hike the price for non-power and fertiliser consumers to $5.75 from $4.75 per mBtu is awaiting approval at the highest level and the nod may come any day now.
Bank, reality and software stocks- sell.
Rupee appreciation, expected reduction in growth targets will pull down software stock price. So better to exit now and re-enter at lower levels. Nifty may hover between 5900 to 6000 as domestic institutions and retail investors will step in and replace FII soon. Bringing back ELSS to all people in savings plan will help market to enthusiaze public to finance share market and replace FII thus removing the fear of RBI. Finance ministry should look into it.
Banks now have NPAs in dangerous levels in education loans, agri loans and to some extent in housing loans. Also there will be less business expected after DTC in reality sector as no income tax benefit is given for repayment of principal of housing loans.
Bank of baroda, Union bank of india and dena bank will be infused with more capital by govt of india. Small quantities of Dena bank and UBI may be purchased at current price.
Mahindra Satyam: Sell
It appears that the results will not be good one and also delisting from overseas bourses due to non-submission of accounts will be bad for this share.
For reality also, removal of benefit of income tax concession for repayment of principal from 80 C negatived the reality stocks. This is not a good step in Direct tax code to be implemented soon. DTC meticulously planned to remove this benefit from tax payers hand and plan to increase the reveneue of Govt. But it dented the real income in the hands of salaried people and also dent on reality stocks as demand for houses will fall as there is no tax benefit from DTC implement date. Govt should re-consider and reinstate the benefit so that reality sector will shine. Till such time, there will not be much demand for bank loans and new flats etc. So profitability of banks and reality sectors will suffer. People should object to this removal of benefit for repayment of principal amount of housing loans in income tax.
It appears that this company is involved in CAG's indictment of 2G spectrum case. There is possibility of its indictment and also its plan to come out of telecom business through subsidiary is now resisted by CAG by indictment. Since Supreme court is also looking in this matter and hence this company may lose sizable amount.
IFCI: Buy Rs.62.20 Target short term Rs.70/-
Govt has appointed advisor for IFCI who will submit report before dec2010.It is a stock in hibernation but any time it will come out of shell and climb upto Rs.70/-
Tata steel: Rs.645:Buy
"Steel prices may go up by Rs 1,500 a tonne
Press Trust Of India / New Delhi September 28, 2010, 0:08 IST
Domestic steel manufacturers may increase prices by up to Rs 1,500 a tonne in the next few days to cash in on the pick up in demand in the festive season, the second hike in as many months.
Now hold or buy upto Rs.660/-. Now Corus will be rechristened as Tata steel and the restructuring of loans of Corus which will be transferred to New entity Tata steel in Europe will be beneficial to Tata steel. The debts will be reduced to half nearly. Also there is likelyhood of steel price hike."
Visa steel
Mr.Vishambar Saran, ex- tata steel officer, now Chairman of Visa steel has already applied for mining lease in Orissa and Madhya pradesh. When new mining policy is announced, this company will get the ines soon. Present price is Rs.40. Target Rs.50 within 6 months.The promtors hold 71% and floating stock is only 29%. If any company corners this 25%, it can have the capacity to negotiate for directorship and also participate in networth of the company. The stock price is not in consonance with real networth of the company and is very low. Interested controlling parties are managing the share price low so that investors can stay away from the stock.They are making the price often very down in order to drive away investors from this golden stock. But once when any big investor grabs large chunk, automatically the price will rise fantastically as promoters will not sell their stake for fear of losing control. Visa steel promotors should think of making this company just like tata steel thus to reduce debts , they should get good finance partner who can be given some important post.The real worth of the stock is not less than Rs.60/-.
Reliance industries.(Rs.1001) Target Rs.1050/-
The rights issue in East india hotels will help reliance to reduce its purchase value in EIH to almost market price of EIH. Entering in hotel business and expanding it globally is the vision of reliance thus expanding its growth laterally in many sectors to offset any weakness in any one sector. This is a good management practice and investors will be benefited by it.Expected good refining margins. Expected good half yearly earnings.
Crude price may increase at any time. It is better than ONGC as Govt may allow ONGC to make loss in order to gain votes. Due to Shale gas companies purchase will help reliance to achieve very good growth path. In India, it will be leader in shale gas contracts as it is the one which joined bandwagon of shale gas companies recently compared to others who are just thinking to join. So invest and wait for just 6 months to get results.
Don't miss to purchase it now thus not repenting later.Really reliance is cheap at this price and Mukesh Ambani is just like his father to preserve investors networth. It is a suppressed stock. All finance consultants agree on this.If gas price increase, it will shoot up. Gas price is likely to stabilise between $80 to $100 as economy is slowly limbing back to normalcy.
The government is also planning to raise the price of state-administered, or APM, gas sold to sectors other than power and fertiliser by over 10 per cent to $5.25 per million British thermal unit (mBtu).The proposal to hike the price for non-power and fertiliser consumers to $5.75 from $4.75 per mBtu is awaiting approval at the highest level and the nod may come any day now.
Bank, reality and software stocks- sell.
Rupee appreciation, expected reduction in growth targets will pull down software stock price. So better to exit now and re-enter at lower levels. Nifty may hover between 5900 to 6000 as domestic institutions and retail investors will step in and replace FII soon. Bringing back ELSS to all people in savings plan will help market to enthusiaze public to finance share market and replace FII thus removing the fear of RBI. Finance ministry should look into it.
Banks now have NPAs in dangerous levels in education loans, agri loans and to some extent in housing loans. Also there will be less business expected after DTC in reality sector as no income tax benefit is given for repayment of principal of housing loans.
Bank of baroda, Union bank of india and dena bank will be infused with more capital by govt of india. Small quantities of Dena bank and UBI may be purchased at current price.
Mahindra Satyam: Sell
It appears that the results will not be good one and also delisting from overseas bourses due to non-submission of accounts will be bad for this share.
For reality also, removal of benefit of income tax concession for repayment of principal from 80 C negatived the reality stocks. This is not a good step in Direct tax code to be implemented soon. DTC meticulously planned to remove this benefit from tax payers hand and plan to increase the reveneue of Govt. But it dented the real income in the hands of salaried people and also dent on reality stocks as demand for houses will fall as there is no tax benefit from DTC implement date. Govt should re-consider and reinstate the benefit so that reality sector will shine. Till such time, there will not be much demand for bank loans and new flats etc. So profitability of banks and reality sectors will suffer. People should object to this removal of benefit for repayment of principal amount of housing loans in income tax.
Thursday, September 23, 2010
Free stock tips 24.09.2010
Ayodhya verdict by Allahabad High court will be delivered on 28.9.2010 instead of 24.09.2010. So market will not be affected much till such time.
Reliance industries.(Rs.998) Target Rs.1050/-
The rights issue in East india hotels will help reliance to reduce its purchase value in EIH to almost market price of EIH. Entering in hotel business and expanding it globally is the vision of reliance thus expanding its growth laterally in many sectors to offset any weakness in any one sector. This is a good management practice and investors will be benefited by it.
Expected good refining margins. Expected good half yearly earnings.
Crude price may increase at any time. It is better than ONGC as Govt may allow ONGC to make loss in order to gain votes. Due to Shale gas companies purchase will help reliance to achieve very good growth path. In India, it will be leader in shale gas contracts as it is the one which joined bandwagon of shale gas companies recently compared to others who are just thinking to join. So invest and wait for just 6 months to get results.
Cheap Energy stock. Don't miss to purchase it now thus not repenting later.
Really reliance is cheap at this price and Mukesh Ambani is just like his father to preserve investors networth. It is a suppressed stock. All finance consultants agree on this.If gas price increase, it will shoot up.
Cairn india: Open offer will be increased soon to rs.405/- to induce all miniority share holders. So buy.
Bank, reality and software stocks- sell.
Rupee appreciation, expected reduction in growth targets will pull down software stock price. So better to exit now and re-enter at lower levels. Nifty may hover between 5900 to 6000 as domestic institutions and retail investors will step in and replace FII soon. Bringing back ELSS to all people in savings plan will help market to enthusiaze public to finance share market and replace FII thus removing the fear of RBI. Finance ministry should look into it.
For reality also, removal of benefit of income tax concession for repayment of principal from 80 C negatived the reality stocks. This is not a good step in Direct tax code to be implemented soon. DTC meticulously planned to remove this benefit from tax payers hand and plan to increase the reveneue of Govt. But it dented the real income in the hands of salaried people and also dent on reality stocks as demand for houses will fall as there is no tax benefit from DTC implement date. Govt should re-consider and reinstate the benefit so that reality sector will shine. Till such time, there will not be much demand for bank loans and new flats etc. So profitability of banks and reality sectors will suffer. People should object to this removal of benefit for repayment of principal amount of housing loans in income tax.
Steel and cement stocks - Buy
There is talk of another price rise by Jindal steel.All others will follow the same. Buy steel stocks including visa steel. Bulk investors can study visa steel and plan to appoint director in this growing steel gem which is growing just like tata steel.
"Visa steel"
Mr.Vishambar Saran, ex- tata steel officer, now Chairman of Visa steel has already applied for mining lease in Orissa and Madhya pradesh. When new mining policy is announced, this company will get it soon. Present price is Rs.38.5 Target Rs.50 within 6 months.
The promtors hold 71% and floating stock is only 29%. If any company corners this 25%, it can have the capacity to negotiate for directorship and also participate in networth of the company. The stock price is not in consonance with real networth of the company. Promoters are managing the share price low so that no one can dare to take over. But debts will compel them to come out of shell and when they sell the stake,then real value will come out for open offer by new partner.
EIH: Buy Rs.140/-
News repot from economic times:
" EIH, owners of the Oberoi and the Trident hotel chains, will raise up to Rs 1,300 crore by selling rights shares, the company said on Thursday without disclosing the end-use of the proceeds.
In a board meeting in Bangalore, the first after Reliance Industries bought 14.8% stake in EIH last month, the company has decided the size of the rights offer. It has also formed a committee to determine the price and ratio of the offer. "
So soon open offer will come out and benefit investors. So cash in.
IFCI: Buy Rs.62.20 Target short term rs.65
Govt has appointed advisor for IFCI who will submit report before dec2010.
Currency- Buy US $ Rs.45.60
Nifty Put 6000 Buy
Reliance industries.(Rs.998) Target Rs.1050/-
The rights issue in East india hotels will help reliance to reduce its purchase value in EIH to almost market price of EIH. Entering in hotel business and expanding it globally is the vision of reliance thus expanding its growth laterally in many sectors to offset any weakness in any one sector. This is a good management practice and investors will be benefited by it.
Expected good refining margins. Expected good half yearly earnings.
Crude price may increase at any time. It is better than ONGC as Govt may allow ONGC to make loss in order to gain votes. Due to Shale gas companies purchase will help reliance to achieve very good growth path. In India, it will be leader in shale gas contracts as it is the one which joined bandwagon of shale gas companies recently compared to others who are just thinking to join. So invest and wait for just 6 months to get results.
Cheap Energy stock. Don't miss to purchase it now thus not repenting later.
Really reliance is cheap at this price and Mukesh Ambani is just like his father to preserve investors networth. It is a suppressed stock. All finance consultants agree on this.If gas price increase, it will shoot up.
Cairn india: Open offer will be increased soon to rs.405/- to induce all miniority share holders. So buy.
Bank, reality and software stocks- sell.
Rupee appreciation, expected reduction in growth targets will pull down software stock price. So better to exit now and re-enter at lower levels. Nifty may hover between 5900 to 6000 as domestic institutions and retail investors will step in and replace FII soon. Bringing back ELSS to all people in savings plan will help market to enthusiaze public to finance share market and replace FII thus removing the fear of RBI. Finance ministry should look into it.
For reality also, removal of benefit of income tax concession for repayment of principal from 80 C negatived the reality stocks. This is not a good step in Direct tax code to be implemented soon. DTC meticulously planned to remove this benefit from tax payers hand and plan to increase the reveneue of Govt. But it dented the real income in the hands of salaried people and also dent on reality stocks as demand for houses will fall as there is no tax benefit from DTC implement date. Govt should re-consider and reinstate the benefit so that reality sector will shine. Till such time, there will not be much demand for bank loans and new flats etc. So profitability of banks and reality sectors will suffer. People should object to this removal of benefit for repayment of principal amount of housing loans in income tax.
Steel and cement stocks - Buy
There is talk of another price rise by Jindal steel.All others will follow the same. Buy steel stocks including visa steel. Bulk investors can study visa steel and plan to appoint director in this growing steel gem which is growing just like tata steel.
"Visa steel"
Mr.Vishambar Saran, ex- tata steel officer, now Chairman of Visa steel has already applied for mining lease in Orissa and Madhya pradesh. When new mining policy is announced, this company will get it soon. Present price is Rs.38.5 Target Rs.50 within 6 months.
The promtors hold 71% and floating stock is only 29%. If any company corners this 25%, it can have the capacity to negotiate for directorship and also participate in networth of the company. The stock price is not in consonance with real networth of the company. Promoters are managing the share price low so that no one can dare to take over. But debts will compel them to come out of shell and when they sell the stake,then real value will come out for open offer by new partner.
EIH: Buy Rs.140/-
News repot from economic times:
" EIH, owners of the Oberoi and the Trident hotel chains, will raise up to Rs 1,300 crore by selling rights shares, the company said on Thursday without disclosing the end-use of the proceeds.
In a board meeting in Bangalore, the first after Reliance Industries bought 14.8% stake in EIH last month, the company has decided the size of the rights offer. It has also formed a committee to determine the price and ratio of the offer. "
So soon open offer will come out and benefit investors. So cash in.
IFCI: Buy Rs.62.20 Target short term rs.65
Govt has appointed advisor for IFCI who will submit report before dec2010.
Currency- Buy US $ Rs.45.60
Nifty Put 6000 Buy
Wednesday, September 22, 2010
Free stock market tips 23.09.2010
East India hotels Buy (Rs.140/-) Target Rs.160/-.
Buy as per my previous recommendation
Buy L&T and BHEL
Today cabinet committee will decide about imposing duty on imported power equipment. The imported power equipments from China is cheaper by nearly 15% over domestic price. In order to bridge the gap and to award contracts for mega and super mega power projects in India, cabinet may favour levy of
a 10 per cent Custom duty and 4 per cent Special Additional Duty.(initial plan) This planned levy may be diluted in favour of 5 per cent Customs duty, 10 per cent countervailing duty and 4 per cent SAD on import of equipment for mega and ultra mega power projects
Buy reliance industries: Rs.1002/-Target Rs.1025/-.
Oil price will increase and growth potential is good for future due to shale gas company purchases.
Steel stocks and cement stocks: Buy . Good one as monsoon is over and construction activities are building up.
Software stocks: As usual, sell them now and wait for good time to enter. Expected growth may not materialise.
Bank stocks: overvalued. Anytime it will shatter.IFCI can be purchased as per my previous recommendation.
Buy dollar/rs currency at Rs.45.85 Oct10 futures.
It appears that nothining significant will happen in India on coming Friday though Babri Masjid court verdict by High court will come on that day. The aggrieved party will go to supreme court. Some minor incidents may happen.
Buy as per my previous recommendation
Buy L&T and BHEL
Today cabinet committee will decide about imposing duty on imported power equipment. The imported power equipments from China is cheaper by nearly 15% over domestic price. In order to bridge the gap and to award contracts for mega and super mega power projects in India, cabinet may favour levy of
a 10 per cent Custom duty and 4 per cent Special Additional Duty.(initial plan) This planned levy may be diluted in favour of 5 per cent Customs duty, 10 per cent countervailing duty and 4 per cent SAD on import of equipment for mega and ultra mega power projects
Buy reliance industries: Rs.1002/-Target Rs.1025/-.
Oil price will increase and growth potential is good for future due to shale gas company purchases.
Steel stocks and cement stocks: Buy . Good one as monsoon is over and construction activities are building up.
Software stocks: As usual, sell them now and wait for good time to enter. Expected growth may not materialise.
Bank stocks: overvalued. Anytime it will shatter.IFCI can be purchased as per my previous recommendation.
Buy dollar/rs currency at Rs.45.85 Oct10 futures.
It appears that nothining significant will happen in India on coming Friday though Babri Masjid court verdict by High court will come on that day. The aggrieved party will go to supreme court. Some minor incidents may happen.
stock tips 22.09.2010
Buy reliance industries: This is one of the stock that is not reached its potential.
Target Rs.1070
Sell bank stocks
Sell software stocks: increase in value of rupee and future business growth at cross roads make us to think to sell off software stocks and wait for good days
Steel and cement stocks appear to be good to buy.
East india hotels Good buy at Rs.138/- Target rs: 150 AGM is on 23.09.2010 (tomorrow)and right issue will be announced which may be around Rs.100.There appears to be competition between many companies to acquire shares.So reap the harvest.
Story: Oberoi family owns 32.3% in EIH.ITC holds 14.9%. Reliance industries purchased most of 14.8% stake from oberai family at the rate of Rs.184/- per share. Now tomorrow EIH will be offering rights in AGM.There may be an understanding between reliance and ITC that the latter will not subscribe to the rights issue and renounce in favour of reliance industries. This will automatically drive reliance industries to give open offer of 20% to shareholders of EIH. This is market rumour and appears to be genuine.
If any FI corner certain % of stocks, it can bargain with reliance industries.
currency : Buy doller rs. Oct 2010. present price : Rs.45.76 target Rs.46.50
Target Rs.1070
Sell bank stocks
Sell software stocks: increase in value of rupee and future business growth at cross roads make us to think to sell off software stocks and wait for good days
Steel and cement stocks appear to be good to buy.
East india hotels Good buy at Rs.138/- Target rs: 150 AGM is on 23.09.2010 (tomorrow)and right issue will be announced which may be around Rs.100.There appears to be competition between many companies to acquire shares.So reap the harvest.
Story: Oberoi family owns 32.3% in EIH.ITC holds 14.9%. Reliance industries purchased most of 14.8% stake from oberai family at the rate of Rs.184/- per share. Now tomorrow EIH will be offering rights in AGM.There may be an understanding between reliance and ITC that the latter will not subscribe to the rights issue and renounce in favour of reliance industries. This will automatically drive reliance industries to give open offer of 20% to shareholders of EIH. This is market rumour and appears to be genuine.
If any FI corner certain % of stocks, it can bargain with reliance industries.
currency : Buy doller rs. Oct 2010. present price : Rs.45.76 target Rs.46.50
Tuesday, September 21, 2010
Free stock tips 21.09.2010
Sell software stocks. Infosys is worried about spreading of ban on outsourcing to other europeon countries following suit of USA
Buy East India Hotels: Rs.140/-. Target Rs.160/-
EIH will be coming out with rights offer soon.For this special AGM is called on 23.9.2010. The rights may be between Rs. 80 to Rs.100/-.
Sell Bank stocks: Overvalued and it will crack quickly on any flimsy news.
Buy : Nifty put 5900: There is chance of market going down from Thursday
Buy : currency Oct 2010 Rs. 45.95 There is a chance of depreciation of rupee as stock market is expected to fall to some extent by 200 points.
Buy: Visa steel (Rs.39.50): good steel stock. It is a candidate for take over slowly by steel barons like mittals . It is a profit giving and growth oriented share. Due to huge capital outgo in building up production of various steel products , its debt is high. But due to increased sales, increased demand and increased price, it can shine. It is a golden share according to me. Stainless steel production also in the cards soon. Targe Rs.50 within 6 months and Rs.70 within a year if the present demand for steel keeps up globally. Borosteel also will help to boost its profitability.
Cement stock: Buy Binani cement:(Rs.80) Target Rs.88/-
Due to hardening of cement price and also reduction of equity capital due to buy back and also PE ratio to the revised equity capital is lowest among cement stocks, this needs attention of equity shareholders.
Buy East India Hotels: Rs.140/-. Target Rs.160/-
EIH will be coming out with rights offer soon.For this special AGM is called on 23.9.2010. The rights may be between Rs. 80 to Rs.100/-.
Sell Bank stocks: Overvalued and it will crack quickly on any flimsy news.
Buy : Nifty put 5900: There is chance of market going down from Thursday
Buy : currency Oct 2010 Rs. 45.95 There is a chance of depreciation of rupee as stock market is expected to fall to some extent by 200 points.
Buy: Visa steel (Rs.39.50): good steel stock. It is a candidate for take over slowly by steel barons like mittals . It is a profit giving and growth oriented share. Due to huge capital outgo in building up production of various steel products , its debt is high. But due to increased sales, increased demand and increased price, it can shine. It is a golden share according to me. Stainless steel production also in the cards soon. Targe Rs.50 within 6 months and Rs.70 within a year if the present demand for steel keeps up globally. Borosteel also will help to boost its profitability.
Cement stock: Buy Binani cement:(Rs.80) Target Rs.88/-
Due to hardening of cement price and also reduction of equity capital due to buy back and also PE ratio to the revised equity capital is lowest among cement stocks, this needs attention of equity shareholders.
Thursday, September 16, 2010
Free stock tips- Indian markets- 16.09.2010
Tata Steel: Rs.604/- Target Rs.650/-.
Good Management logistics for having completed almost cover for raw material supply for Indian operations and slowly now covering supplies to Corus group. With Teeside is on the way out and South African unit is going thumps up, there is lot of steam in Tata steel. This is the fourth largest steel producer in the world . Again there is talk of increasing the price of certain types of steel
Excerpts from interview of MD of Monnet Ispat (Financial express)
“Q: What is the demand acceptance or resistance to this price hike and how much can you go? At what point will the landed price become a rival?
A: If you see the overall industry as such—the steel industry remains to be on a very sound footing. India is growing rapidly and it is the India story for the next probably one or two decades. There is a lot of steel consumption and the steel consumption is going to increase rapidly as well. But this is just a very temporary kind of a thing where monsoons have just set in and for strange reasons—nobody is really been able to put a finger on as to why the demand suddenly fell after April.
But, yes, it has been a little muted but we are very confident because overall the industry looks on a very sound footing and form October onwards we see steel prices going up by at least 10% from where they are today and cost not going up further because I think that’s gone up enough. Therefore, the steel makers will continue to enjoy decent and good margins.
Q: What is the landed price of steel for the product that you are making? Is the difference wide enough for you to go ahead and hike and not expect people to turn to importers?
A: Yes, that’s what I meant. From now up to October if we increase about 7% to 10% I think that’s the margin we are looking at. I think we will be able to push that much without losing.”
2. Bank shares:
It is better to quit bank shares for the time being. They are all overvalued. When any crash of market comes, bank shares will lead the fall as their rise earlier. There may be a nominal increase in repo rates which will not have any impact on the stock market. Already the advance tax of most of the banks in the quarter is not on the increase as compared to last year quarter but their share price doubled. So exercise caution. Also competition is hotting up and there will be pressure on margins.
3.Cairn India : (Rs.332) -Target Rs.340)
Cairn Energy is going to arrange for increase the open offer price to minority share holders . Open offer will be from Oct 11 to Oct 30 subject to SEBI’s approval. The present open offer is Rs.355 per share and Rs.405 to cairn energy. There is likelihood of Rs.405 for minority shareholders also. For this independent directors are appointed to look into this for satisfying minority shareholders and get maximum surrender from them.
Reliance industries: Rs.1010/- (Target Rs.1020)
Hold it. There is a talk about increasing the price of gas and proposal is submitted to Indian govt for consideration.
Good Management logistics for having completed almost cover for raw material supply for Indian operations and slowly now covering supplies to Corus group. With Teeside is on the way out and South African unit is going thumps up, there is lot of steam in Tata steel. This is the fourth largest steel producer in the world . Again there is talk of increasing the price of certain types of steel
Excerpts from interview of MD of Monnet Ispat (Financial express)
“Q: What is the demand acceptance or resistance to this price hike and how much can you go? At what point will the landed price become a rival?
A: If you see the overall industry as such—the steel industry remains to be on a very sound footing. India is growing rapidly and it is the India story for the next probably one or two decades. There is a lot of steel consumption and the steel consumption is going to increase rapidly as well. But this is just a very temporary kind of a thing where monsoons have just set in and for strange reasons—nobody is really been able to put a finger on as to why the demand suddenly fell after April.
But, yes, it has been a little muted but we are very confident because overall the industry looks on a very sound footing and form October onwards we see steel prices going up by at least 10% from where they are today and cost not going up further because I think that’s gone up enough. Therefore, the steel makers will continue to enjoy decent and good margins.
Q: What is the landed price of steel for the product that you are making? Is the difference wide enough for you to go ahead and hike and not expect people to turn to importers?
A: Yes, that’s what I meant. From now up to October if we increase about 7% to 10% I think that’s the margin we are looking at. I think we will be able to push that much without losing.”
2. Bank shares:
It is better to quit bank shares for the time being. They are all overvalued. When any crash of market comes, bank shares will lead the fall as their rise earlier. There may be a nominal increase in repo rates which will not have any impact on the stock market. Already the advance tax of most of the banks in the quarter is not on the increase as compared to last year quarter but their share price doubled. So exercise caution. Also competition is hotting up and there will be pressure on margins.
3.Cairn India : (Rs.332) -Target Rs.340)
Cairn Energy is going to arrange for increase the open offer price to minority share holders . Open offer will be from Oct 11 to Oct 30 subject to SEBI’s approval. The present open offer is Rs.355 per share and Rs.405 to cairn energy. There is likelihood of Rs.405 for minority shareholders also. For this independent directors are appointed to look into this for satisfying minority shareholders and get maximum surrender from them.
Reliance industries: Rs.1010/- (Target Rs.1020)
Hold it. There is a talk about increasing the price of gas and proposal is submitted to Indian govt for consideration.
Thursday, September 9, 2010
Free stock tips 09/09/2010
Stay away from Bank stocks as NIM is reducing. CASA of banks also reducing and the cost
of Saving bank account is also on the rise due to compound rate of interest on daily basis.
Tata steel: Buy at Rs.580/- Target Rs.600/- in short term and Rs. 700/- in long term say 1 year.
Tata steel MD Mr.Nerurkar denied media reports that Tata Steel was considering sale of assets at its South African unit Tata Steel KZN. KZN has an annual capacity of 150,000 tonnes, produces high carbon ferrochrome and charge chrome. Tata steel wants to stabilize it further after turning the unit from loss making to profit making. Also it is in talks with various banks to raise nearly 5 billion loan to refinance debt for its unit Corus and there will not be any difficulty in getting good bargain in interest rate (LIBOR+3 to 4%).
East India Hotels: Buy for long term say within a year.
Even though ITC, which has 14.98 per cent stake in EIH, has repeatedly said it would not launch a hostile takeover, analysts believe it was a matter of time before ITC would have looked at gaining control. So there will be tug up war between two groups , reliance and ITC and stake holders of EIH will get benefit. The analysts also say that the succession plan at EIH (splitting the 46 per cent promoter stake among two sons of P R S Oberoi) would be thee opportune moment to launch an open offer for the one who attack first.
Now NIFTY may likely to fall soon and so exercise caution and choose stocks of low PE value.
of Saving bank account is also on the rise due to compound rate of interest on daily basis.
Tata steel: Buy at Rs.580/- Target Rs.600/- in short term and Rs. 700/- in long term say 1 year.
Tata steel MD Mr.Nerurkar denied media reports that Tata Steel was considering sale of assets at its South African unit Tata Steel KZN. KZN has an annual capacity of 150,000 tonnes, produces high carbon ferrochrome and charge chrome. Tata steel wants to stabilize it further after turning the unit from loss making to profit making. Also it is in talks with various banks to raise nearly 5 billion loan to refinance debt for its unit Corus and there will not be any difficulty in getting good bargain in interest rate (LIBOR+3 to 4%).
East India Hotels: Buy for long term say within a year.
Even though ITC, which has 14.98 per cent stake in EIH, has repeatedly said it would not launch a hostile takeover, analysts believe it was a matter of time before ITC would have looked at gaining control. So there will be tug up war between two groups , reliance and ITC and stake holders of EIH will get benefit. The analysts also say that the succession plan at EIH (splitting the 46 per cent promoter stake among two sons of P R S Oberoi) would be thee opportune moment to launch an open offer for the one who attack first.
Now NIFTY may likely to fall soon and so exercise caution and choose stocks of low PE value.
Saturday, August 28, 2010
free stock tips 30.8.2010
buy tata steel- target 600 Reason: After months of negotiations, Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products (TCP) plant to Thailand's Sahaviriya Steel Industries (SSI) for a price of £320 million (Rs 2,325 crore). Win Viriyaprapaikit, President of SSI, said: “This transaction will enable SSI to fulfil its long-standing objective of becoming a fully integrated steel producer with both primary steelmaking and rolling facilities.” So accumulate tata steel now at this low price of 510.
Software stocks: Better to avoid software stocks except Patni.
Bank stocks are also overvalued. So expect corrections.
Software stocks: Better to avoid software stocks except Patni.
Bank stocks are also overvalued. So expect corrections.
Tuesday, August 24, 2010
free stock market tips -24.08.2010
Cairn india energy- Buy- short term- will go up due to new find of oil and gas in KG basin.
Reliance industries- may go up by few rupees- for long term, it will cross Rs.1000 by Oct2010
Reliance industries- may go up by few rupees- for long term, it will cross Rs.1000 by Oct2010
Saturday, August 21, 2010
Free stock tips - Indian stock market
Sterlite industries may go down due to tax scandal from its Tuticorin office. So it is better to sell now and wait for improvement in management perspective to be ethical.
Buy Ashok Leyland Rs.70 target Rs.75 within a month.
This is for Monday trading.
Please note that my investment advice is for investment for long /short term period only. It is not for day trading
Buy Ashok Leyland Rs.70 target Rs.75 within a month.
This is for Monday trading.
Please note that my investment advice is for investment for long /short term period only. It is not for day trading
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