Smart Choice

Visit

noreply@blogger.com (Anonymous) — Fri, 18 Aug 2006 04:20:00 +0000

Visit http://stockstorm.wordpress.com

Regards,
Bhavin.

Remeber?

noreply@blogger.com (Anonymous) — Thu, 17 Aug 2006 10:05:00 +0000

Bhavin: Said On 28th June : Accepting Sensex to touch 12600 before September this year. So wait and watch for long term buyers. Dont sell when sensex comes to 8800-9500 for sometime.

Remeber!!!!!

Check CBOX:)

Intraday Trader

noreply@blogger.com (Anonymous) — Mon, 17 Jul 2006 04:48:00 +0000

Buy RIL Ind at 1065 or below for intraday.

Regards,
Bhavin.

Intraday Trader

noreply@blogger.com (Anonymous) — Mon, 17 Jul 2006 04:24:00 +0000

Hi,

Do buy as market come down to 150-200 points. No hurry.

Regards,
Bhavin.

Look at This Dont Miss.

noreply@blogger.com (Anonymous) — Fri, 14 Jul 2006 19:15:00 +0000

How Two Russian Journalists Cooked an Egg with their Mobile Phones:

Vladimir Lagovski and Andrei Moiseynko from Komsomolskaya Pravda Newspaper in Moscow decided to learn first-hand how harmful cell phones are. There is no magic in cooking with your cell phone. The secret is in the radio waves that the cell phone radiates.The journalists created a simple microwave structure as shown in thepicture. They called from one cell phone to the other and left both phoneson talking mode. They placed a tape recorder next to phones to imitatesounds of speaking so the phones would stay on.

After, 15 minutes: The egg became slightly warm.
25 minutes: The egg became very warm.
40 minutes: The egg became very hot.
65 minutes: The egg was cooked.

Conclusion ..1: Cooking eggs with mobile phones is possible but veryexpensive ($4.55 or 123 Rubles)

Conclusion ..2: All this talk of danger is exaggerated; even if your braingets cooked, it would take a couple hours of talking on a cell phone.

I might add, it takes approximately 2 minutes of speaking on a cellularphone for the radiation to cross the protective Blood Brain Barrier. Sowhenever there is a land line available use it in preference to your cell.

Intraday Traders.

noreply@blogger.com (Anonymous) — Fri, 14 Jul 2006 04:02:00 +0000

Market expected to crack by 2-3% in intraday. One can go short in most of the stocks as you will see selling in almost all the stocks. IPCL, ITC, Hindalco, Siemens, RIL, Tata Motors are all shorting candidates.

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Thu, 13 Jul 2006 05:00:00 +0000

Book profit in TEIL up 4.5%.

Regards,
Bhavin Mehta.

Intraday Traders.

noreply@blogger.com (Anonymous) — Thu, 13 Jul 2006 04:12:00 +0000

Buy TEIL for intraday. Result today which is likely to boost the stock price.

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Wed, 12 Jul 2006 04:10:00 +0000

Buy: Infosys and Kirloskar Electric in the morning. Must for delivery based trader.

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Tue, 11 Jul 2006 04:09:00 +0000

Intraday buyers can take position in Hindalco for target Rs.180/=.

Regards,
Bhavin.

News To Use.

noreply@blogger.com (Anonymous) — Tue, 11 Jul 2006 03:07:00 +0000

Panama Petrochem (Rs.92.25/=)-Buy
Panama Petrochem Ltd. was incorporated in 1982.
It is in the field of Petroleum Specialty oils and Solvents. Its main products are White Oil, Turbine Oil, Spray Oil and Hydraulic Oil , Liquid Paraffins and White Soft Paraffins (Petroleum Jelly) and Ink Oils (Solvents for Printing Inks & Resins). Its manufacturing plants are located at Ankleshwar, Mumbai & Taloja.
Book Value: Rs.40/=.
E.P.S.: Rs.8.26
Dividend Per Share:Rs.3/= on face value of Rs.10/=.
Announcement:
Panama Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 10, 2006, has issued and allotted 5,00,000 convertible warrants for cash at a price of Rs 153/- each, carrying as option / entitlement to subscribe for even number of Equity shares of Rs 10/- each on a future date, not exceeding 18 (Eighteen) months from the date of this allotment, at a premium of Rs 143/- per share, on preferential basis to M/s. Acme Craft Pvt Ltd.
-Bhavin.

Other News:

*Telecom companies will get reprieve from a TDSAT Judgement that seeks to slash the fees they will have to pay to government.

*Suryalakshmi Cotton Mills Ltd has informed the stock exchanges that the production was commenced at the expansion projects of its spinning division at Amanagallu and also in the garment unit of its subsidiary company

*Domestic IT companies are expected to come out with a decent set of Q1 results led by strong growth registered by large-caps like Infosys, Satyam and TCS in the quarter ended June 30, according to analysts.

*Tata Power plans to set up three power plants with a total capacity of 2,744 MW in Chhattisgarh, Orissa and Jharkhand with an investment of around Rs 11,000 crore to meet the energy needs of Tata Steel's expansion plans.

*State-owned National Thermal Power Corporation has decided to give gas-rich nation Qatar 40% equity in the proposed Rs 7,500-crore, 2,300-mw Kayamkulam power project in Kerala. Petronet LNG has been offered 10%.

*KLG Systel, a software solutions firm, has recorded 116 per cent growth with a net profit of Rs 2.78 crore for the quarter ended June 30 against Rs 1.49 crore in the corresponding quarter last fiscal.

*Financial services provider and rating agency, Crisil Ltd, has posted a profit after tax of Rs 16.02 crore for the second quarter ended June 30, against Rs 5.58 crore in the corresponding quarter last year.

*Centurion Bank of Punjab has posted 160 per cent growth in net profit for the quarter ended June at Rs 28.7 crore (Rs 11.1 crore).

*Mahindra & Mahindra Finance Services Ltd (MMFSL) proposes to diversify into distribution of insurance products and mutual funds. The company is also foraying into the rural housing sector to become a one-stop shop for all finance solutions in the market.

*The GP-CK Birla group is not planning to divest its stake in Century Textiles. The group holds 1.66 per cent stake in Century Textiles through Orient Paper. Mr M.L. Pachisia, Managing Director of Orient Paper, told Business Line on Monday that it is not offloading its holding in Century Textiles, a company controlled by Mr B.K. Birla and Mr Kumar Mangalam Birla combine. Pilani Investments & Industries Ltd, the holding company of BK-Kumar combine, currently has 42 per cent in Century, while Kesoram Industries, a BK Birla-controlled company, has another three per cent.
*Majority of fund houses in the country feel the stock markets are not overvalued at current levels and they expect the frontline stock index Sensex to breach 12,000 levels over a one-year period, according to a survey by online stock broking outfit India Infoline. In the short-term (ie, three-month period), some respondents to the survey felt that the Sensex will be range bound between 9,000 and 10,000 levels; whereas the others expect the index to settle between 10,000 and 11,000.

*For FY07 Spentex is likely to report an EPS of Rs 6.8 and Rs 8.6 for FY08. This discounts the stock 7.5 times its forward earnings for FY07 and only six times its FY08 earnings. Based on these valuations the stock is attractively priced at Monday\'s closing price of Rs 51.50.-Almondz

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Fri, 07 Jul 2006 03:55:00 +0000

One can enter the scripts mentioned below for intraday given targets. S.L. are only on closing bases. The second target is for delivery buyers.

Alstom Projects: 230.90/=
S.L.: 220/= Target: 240/= to 250/=.
Close Above 250/= target 300/=

BEL: 1105.45/=
S.L.: 1075/= Target: 1150/=.
Close Above 1150/= target 1300/=

Dr.Reddy: 1331.70/=
S.L.: 1300/= Target: 1380/= to 1450/=.
Close Above 1450/= target 1650/=

Escorts: 69.45/=
S.L.: 67.50/= Target: 72.50/= to 75/=.
Close Above 75/= target 85/=

GVK Power: 160.10/=
Target: 170/= to 180/=.
Close above 180/= target 220/=

NDTV: 170.15/=
Target: 180/=
Close above 180/= target 220/=.

Mysore Cem: 42.85/= (T-Group not intraday.)
S.L.: 40/=
Target 45/=

Rei Agro: 105.25/=
S.L.: 100/=. Target: 110/=
Close above 110/= target 130/=

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Thu, 06 Jul 2006 04:33:00 +0000

Buy following as and when they come down:

ACC, Bharti Tele, BILT, Indraprastha Med, Maruti, RIL.

Even intraday traders can look at this as buying oppertunity.

Regards,
Bhavin.

Intraday Traders.

noreply@blogger.com (Anonymous) — Thu, 06 Jul 2006 04:24:00 +0000

Buy BATA for intraday traders.

Intraday Traders.

noreply@blogger.com (Anonymous) — Wed, 05 Jul 2006 06:05:00 +0000

One can also pick up stocks like:

Essar Oil below Rs.47/=.

Jindal Stain below Rs.98.50/=.

Neyveli Lig below Rs.61/=.

RIIL with SL at Rs.470/=.

VSNL with SL at Rs.408/=.

Spicejet also looks good.

These are all intraday recommendations.

Intraday Traders.

noreply@blogger.com (Anonymous) — Wed, 05 Jul 2006 06:02:00 +0000

Buy Satyam at current market price with SL Rs.732/=.

Satyam Computer Services Ltd has announced that it will implement a complete infrastructure lifecycle management (ILM) solution for Dubai Municipality (DM) engineering departments. The solution will help DM develop better relationships with its clients and vendors, and facilitate communication with them via online requests, payments, and progress reports.The Municipality is one of the largest entities in Dubai, in terms of the people it employs, the volume of services it provides, and the projects it undertakes. It is a major force behind the current aggressive development of Dubai City. The Company along with the support of DM management and technical team will help the DM solve numerous administrative and technology problems. For example, it will ensure that consultants and contractors are paid on time, and that material approvals occur in a timely fashion. The Company's solution will also enable employees to access ad hoc reports and online information to determine the status of the DM’s numerous large-scale projects."Although the solution is complex, as are the DM’s many enormous projects totally managed by DM departments, the benefits it will derive are quite simple. The Municipality will become a better business partner with its customers and suppliers, and thus enjoy better business relations with them," said Virender Aggarwal, Director and Senior Vice President, Asia Pacific, Middle East and Africa. "DM employees will be able to communicate with customers and suppliers more easily and effectively, streamlining operations and facilitating continuous improvement." he added.The Company's web-based, zero-footprint solution is based on Prollance from Meridian Systems. It is a comprehensive enterprise business solution on a native, service-oriented architecture platform. It features additional customization on a NET platform, and custom-developed Crystal reports. The solution will perform several critical functions, including;- Analyze existing DM processes - manual and automated.- Deliver a complete functional specification for configuration, reporting, data migration, and any required integration.- Perform configuration strategy and design, project planning, and test cycles.- Configure the Prollance application.- Interface with planning and reports.- Provide end-user training.After implementation, a single tool will enable DM engineering departments users to manage the entire project lifecycle, including, planning, budgeting, design, scheduling, procurement, construction, closeout, and maintenance. The tool will also allow users to monitor project progress and manage project cash flow much more effectively. Moreover, it will deliver critical business intelligence, providing enhanced visibility into the entire portfolio of projects, programs, and facilities for senior executives and mid-level managers.

Intraday Traders.

noreply@blogger.com (Anonymous) — Wed, 05 Jul 2006 04:18:00 +0000

Wait for some time before buying. Market looks choppy with low volumes to be carried on. Do watch this space for further updates.

Regards,
Bhavin.

News To Use.

noreply@blogger.com (Anonymous) — Wed, 05 Jul 2006 04:13:00 +0000

Consolidated Fibres & Chemicals Ltd has informed BSE that the Acrylic fibre industry has been passing through a severe recession since 2005/06. With domestic supply being substantially in excess of demand and the decline in exports, the industry as well as the Company has had to resort to production cuts. As compared to a capacity utilisation of 127% in 2004/05, the capacity utilisation of the Company fell to 99% in 2005/06. In the last six months of 2005/06 (October 2005 to March 2006), the capacity utilisation was only 79%.At the same time, due to the continuous rise in oil prices, the cost of Acrylonitrile (ACN), the main raw material has also increased substantially. This increase in the cost could not be passed on to the customers because of the recession in the industry. As a consequence of the above, the Company incurred a loss before interest and depreciation of almost Rs 100 million in 2005/06, and about Rs 15 millions in April and May 2006.The cash flow of the Company has a been adversely affected by the provisions of the Union Budget 2006. While the Excise Duty on Acrylic Fibre has been reduced from 16% to 8%, the CVD on import of raw materials has been retained at 16%. An additional CVD of 4% has also been levied on imports. Since the Company has to import its main raw material the above anomaly will result in the accumulation of unutilised CENVAT credit of about Rs 120 million per year with a consequent adverse impact on the cash flows of the Company.As a result of the above factors, the working capital of the Company has been totally eroded leaving no option but to suspend operations.The Company’s Plant is not in operation from 30th May, 2006.

Punj Lloyd Ltd has announced that the Company has been awarded the contract for Dabhol - Panvel Pipeline Project (DPPL) from GAIL. The value of the contract is Rs 1642.40 million on EPC basis.The scope of work broadly involves residual engineering, procurement, installation, testing and commissioning of Panvel - Dabhol 30 dia pipeline system from GAIL's station, installation at Panvel to Dabhol terminal including terminal work, temporary and permanent cathodic protection system, intermediate SV / IP / repeater / tap - off stations, crossings by Horizontal Directional Drilling (HDD) and all associated mechanical, civil, structural, electrical, instrumentation work and laying of optical fibre cable, HDPE duct, etc excluding supply of line pipe, which shall be supplied as free issue material by GAIL.Comprising two parts, the project involves the laying of the 30'' dia pipeline in 113 km length from Panvel to upstream of Savitri river crossing in 2 spreads and a length of 74 km from upstream of Savitri river crossing to Dabhol terminal. This pipeline will pass through some of the steepest slopes in the country.Other facilities include a receipt cum dispatch terminal at Dabhol, sectionalising value stations and intermediate pigging station with a tap-off facility.A fast tract project, the scheduled time for completion is within 10 and half months from the date of contract, it is worth mentioning that the Company in the past had bagged part of the Dahej-Uran Pipeline Project from GAIL.

Birla Ericsson - Strike called off

Vindhya Telelinks - Strike Called Off

Talbros Automotive Components Ltd has informed BSE that the members at the 49th Annual General Meeting (AGM) of the Company held on July 04, 2006, inter alia, have approved the following:1. Payment of Dividend @ 20% on the entire paid up share capital of the Company.2. Increase in the Authorised Share Capital from Rs 150 million to Rs 200 million.3. Approved Issue of 10,00,000 fully convertible warrants. These warrant shall be issued @ Rs 95/- per warrant aggregating to Rs 95 millions. Each such warrant shall be convertible into equity share of Rs 10/ each at a premium of Rs 85/- per share.4. Approved Foreign Institutional Investor’s (FIIs) shareholding not exceeding 49% of the paid up share capital.

Tulip IT Services Ltd has announced that the Company has been awarded the Letter of Intent (LOI) for NLD & ILD (National Long Distance & International Long Distance) license by the Department of Telecom (DoT). The Company has been given the LOI based on the new license requirement laid down by the DoT as per which, all IP/VPN service providers were required to migrate to the NLD license.These licenses, once obtained, will enable the Company to route voice, data and video traffic nationally and internationally. The Company foresees the ILD license as a business opportunity as it will help the Company to predominantly offer international data connectivity solutions to any customers across the world. In addition, the Company will he able to provide high-end services in the burgeoning VPN (Virtual Private Network) bandwidth market.On this momentous occasion Lt. Col. H S Bedi, Managing Director of the Company stated, "Tulip has come a long way since its inception. Till now we were operating on the Virtual Private Network license but have now been provided the letter of Intent for the NLD/ILD license. This license opens a host of business opportunities for the company and Tulip is appropriately positioned to leverage these opportunities." He further added "Tulip has always aimed to create a leadership position in the data connectivity market, this LOI will help the Company to continue being at the forefront of the growing connectivity market."

Strides Arcolab Ltd has announced that the World Health Organization (WHO) has included in its list of pre-qualified suppliers generic fixed dose combination of Anti-HIV drug — Lamivudine / Zidovidine developed by the Company.Prior to this approval, the Company has 4 HIV drugs in the WHO pre-qualified list.An additional 3 products have been submitted for pre-qualification, which will complete a comprehensive product offering from the Company.

Godrej Consumer Products Ltd has announced that the Company has entered into an agreement for the acquisition of the South African hair color business of Rapidol, UK, as well as its subsidiary Rapidol international which had a combined turnover of 52 million South African Rand, (Approx Rs 330 million) in 2005. The Company proposes to profitable the acquisition via. a 100% cash deal subject to certain regulatory approvals.Acquisition benefits:This acquisition gives the Company into a large ethnic hair color markets via a profit making Company. It will augment the Company's top line and bottom line, which in turn will enhance stakeholder value. It provides the Company an opportunity to acquire the INECTO and SOFELENE trademarks that would allow the Company much larger territorial rights over the brand equities and the combined entity will be in a position to create value at a faster pace. It will also provide a springboard for the introduction of the Company's products in South Africa and other African countries.Ownership of a strong ethnic colour brand in the South African market:Rapidol South Africa owns INECTO that is an internationally known brand, which enjoys a reputation of being a safe and affordable hair colourant with consumers across South Africa and the African Continent.New distribution channels:INECTO is distributed across Angola, Zambia, Mozambique, Tanzania, The Democratic Republic of Congo, Swaziland, Ghana, Gabon, Botswana, Namibia, Lesotho, Zimbabwe, Mauritius, Seychelles and Madagascar mainly through the cash and carry route.Additionally the Company proposes to introduce some of its products e.g., Hair colors, FairGlow and Evita that are viewed to enjoy significant potential in the African market.Technology advantage:The Company proposes to drive further value from the transaction by leveraging its high quality yet low coal, manufacturing skills to considerably improve the SA offering.Commenting on the acquisition, Mr Adi Godrej, Chairman & Managing Director of the Company said, "This transaction is consistent with our endeavor to build a strong personal and household care business both in India and across the globe, especially in Hair Colors. Rapidol South Africa is a profit making Company that manufactures and markets premium hair Colourants in the African market. The acquisition of the INECTO and SOFLENE brands will widen our portfolio of hair colourant and hair care offerings and give us access to the large and growing African market. We also propose to introduce some of our own products there, via Rapidol's established distribution network. This is our second international acquisition in less than a year and reflects our aggressive growth focus. We will continue to pursue value enhancing inorganic and organic growth opportunities both in India and overseas.

Intraday Traders.

noreply@blogger.com (Anonymous) — Tue, 04 Jul 2006 04:37:00 +0000

Today though market is in uptrend short the following script on uptrend:

1: Rel Capital above 496/=.

2: Hind Zinc above 560/=.

Regards,
Bhavin.

News To Use.

noreply@blogger.com (Anonymous) — Tue, 04 Jul 2006 04:22:00 +0000

Sebi has hiked the registration fee for FIIs to $10,000 for five years from the earlier $5,000.

State-owned NTPC could be the first company to foray into nuclear power with plans to set up generation capacities of up to 2,000 mw.

Kokila D Ambani, the mother of Anil Ambani, along with other investors, has picked up a 2.11% stake in Reliance Communications Ltd through open market transactions

The Tata group is withdrawing the $3-billion investment proposal for Bangladesh, which included a 2.4-million-tonne steel plant, two power plants, an open-pit coal mine, and a one-million-tonne urea plant.

ITC can use the Sheraton tag at its nine premier hotels for another three months.

Markets to remain firm. If Sensex crosses 10,735 levels then it can rally upto 10,925 levels and support at 10,40010,200 levels, says Manghnani

Asian markets were trading higher. The Nikkei share average rose 0.71% today, with shares of exporters such as Canon Inc. bolstered by gains in US stocks and easing concerns about the outlook for US interest rates.

Intraday Traders.

noreply@blogger.com (Anonymous) — Mon, 03 Jul 2006 05:18:00 +0000

Buy All Cargo at current price Rs.655/= SL 650/= target 670/=.

Regards,
Bhavin.

Recent News

noreply@blogger.com (Anonymous) — Mon, 03 Jul 2006 05:07:00 +0000

Chemfab Alkalies' `health care division,' which manufactures a range of products of daily consumption in such a way that they are good for health, is in talks with a few overseas retail majors for a tie-up, the company officials have said.

The securities regulator last week flagged off norms for what could easily lead to very interesting products for Indian investors - real estate mutual funds. A.P. Kurian, Chairman of Association of Mutual Funds in India (AMFI), wonders which fund house - there are now about 30 players - would be the first to capitalise on the new norm.

The Government has received 54 bids for 10 coal bed methane blocks, with Anil Ambani's Reliance Natural Resources Ltd being the only firm to have bid for all the blocks.

Stock Updates.

noreply@blogger.com (Anonymous) — Mon, 03 Jul 2006 04:48:00 +0000

HDFC
Research: HSBC Global
Recommendation: Overweight
CMP: Rs 1,130 (Face Value Rs 10)
12-Month Price Target: Rs 1,351

HDFC is among the rare Indian lenders that succeeded in preserving its spread in FY06. Lending rates were raised four times in the past six quarters. They will need to rise more if HDFC is to preserve its spread. Net interest margin (NIM) expanded for seven years while rates were falling to reach an estimated 296 bps for FY06.

HSBC forecasts assume that NIM could decline by 10 bps in the next three years. The fair value range is lowered to Rs 1,267-1,436 following revisions in the forecasts for growth, profitability and value of the associate businesses. The notional target price of Rs 1,351 includes Rs 336 per share for the associate businesses.

HSBC has upgraded the rating to 'overweight' from 'neutral' to reflect the 21% potential upside. Near-term triggers could arise from upward revision of lending rates and the passage of a resolution to increase the authorised capital to accommodate the possible conversion of convertible bonds, starting late August. Key risks are a larger rise in funding cost relative to loan yield and lower growth in capital gains.

ONGC
Research: JM Morgan Stanley
Recommendation: Overweight
CMP: Rs 1,108 (Face Value Rs 10)
12-Month Price Target: Rs 1,405

Apart from concerns regarding the subsidy burden and gas price decontrols, both of which are not in ONGC's hands, JM Moran Stanley believes the management is focusing on growth in an effort to enhance shareholders' value. It has also maintained its estimates and assigned 'overweight' rating to the stock.

The positive view on the stock is based on: (i) the expected growth rate of 8.7% per year of ONGC's production over FY06-8E; (ii) option value on gas, which is controlled by the government; (iii) ONGC's international acquisition strategy seems to be paying rich dividends; and (iv) attractive valuations.

ONGC has underperformed the market by 16.3% YTD, 3.89% in the last month and is the cheapest E&P stock in JM Morgan Stanley's Asian universe, trading at FY07E P/E of 8.1 times, dividend yield of 4.5%, EV/EBITDA of 3.5 times, an implied crude oil price of 29/bbl,and current EV/BOE of $4.73, which make valuations look attractive.

GHCL
Research: Kotak Securities
Recommendation: Buy
CMP: Rs 122 (Face Value Rs 10)
12-Month Price Target: Rs 170

GHCL is one of the leading producers, as well as largest exporters of soda ash in India. The company is strengthening its position by adding capacity and has made overseas acquisitions. GHCL also has a presence in the textiles business and is expanding capacities in spinning, processing and weaving.

It has also set up a home textiles manufacturing unit at Vapi, Gujarat, and has acquired US textile major Dan River to gain access to the US home textiles market. Kotak Securities is positive on the growth prospects of GHCL and has recommended a 'buy' on the stock, with a 12-month price target of Rs 170, implying 60% upside from current level.

PSL
Research: Edelweiss
Recommendation: Buy
CMP: Rs 239 (Face Value Rs 10)
12-Month Price Target: NA

PSL revenues and profits for Q4FY06 were lower than expectations due to lower revenues from the pipe sales and lower margins due to higher proportion of pipe business booked during the quarter. Yearly revenues were higher by 4.3% due to higher volumes and realisation.

Going forward, Edelweiss is positive on order flows to pipe companies as the deadline for the companies to start production approaches. PSL will benefit from its low-cost and multi-location facility. Edelweiss believes that gas-producing companies like Reliance will have to take a decision on gas pipeline infrastructure before the end of FY07.

Moreover, increase in the recent gas reserves by Reliance will require more capacities in pipelines. Hence, Edelweiss maintains its FY07E and FY08E EPS numbers at Rs 20.7 and Rs 28.2 respectively. At the current market price, PSL trades at 11.1 times FY07E and 8.2 times FY08E EPS estimates.

Mangalam Cement
Research: Religare Securities
Recommendation: Outperformer
CMP: Rs 153 (Face Value Rs 10)
12-Month Price Target: Rs 249

Mangalam Cement is expected to benefit from higher realisations and lower power cost due to commissioning of its power plant by June '07. This will result in expansion of margins. The cement industry grew at 11% during April '05-March '06. Religare expects demand to grow at 8-9% over the next couple of years, which will be in sync with the GDP growth of the country.

In the short term, stock inventory levels and pace of construction activities will drive prices. However, in the medium term, prices will be firm due to lack of fresh capacities and sustained demand growth.

At the current market price, the stock is trading at a P/E of 6.5 times FY06E, 5.6 times FY07E and 4.8 times FY08E earnings and EV/EBITDA of 5.5x FY06E, 4.7 times FY07E and 3.4 times FY08E.

EV/ton at $72 FY06E, $75 FY07E and $63 FY08E is below the industry average of $80. Factoring robust Q2 FY06 results, Religare has raised its profit estimates and consequently, raised the price target.

Andhra Pradesh Paper Mills
Research: Emkay
Recommendation: Buy
CMP: Rs 117 (Face Value Rs 10)
12-Month Price Target: Rs 224

Andhra Pradesh Paper Mills (APPM) posted 19.4% decline in net sales to Rs 96.5 crore, as expected. Revenues suffered on account of production loss (approx 12,000 mt) at the company's CP unit due to workers' strike, which lasted for 70 days during the quarter.

Nevertheless, EBITDA margins at 11.8% were higher by 140 bps (y-o-y) and lower by 230 bps (q-o-q). Due to higher other income, the company ended the quarter with 18.6% (y-o-y) growth in PAT to Rs 7.5 crore. For FY06, net sales remained flat at Rs 450 crore, while EBITDA margins improved by 60 bps to 14.1%, leading to 6% growth in PBT.

Due to higher share of other income, APPM's PAT increased by 38% to Rs 35 crore, resulting in EPS of Rs 14.7 for FY06. The company also recommended a dividend of Rs 2 per share. Emkay expects the company's net sales to grow at a CAGR of 23.3% and PAT at 38% by F08E. It has positive view on the company and recommends a 'buy' on the stock

Intraday Traders.

noreply@blogger.com (Anonymous) — Fri, 30 Jun 2006 04:14:00 +0000

Intraday Traders Can Consider Buying Inn:

Bharti Tele (359.35/=) One can easily seek target 370/= to 375/= in intraday.

Escorts (65.55/=) This stock could seek back the levels of Rs.69/= to 70/=.

IPCL (246.35/=) This stock could re correct its way to Rs.255/= for intraday.(THE consumers may have to shoulder a part of the burden of the rise in international oil prices.) Even consider ONGC in buying.

Shorting at high levels can be considered in Cipla, Hindalco and ICICI Bank (ICICI Bank will divest its entire stake in Federal Bank and South Indian Bank (SIB) within the next two years, according to Mr K.V. Kamath, Managing Director and CEO.).

Brokerage houses are bullish on Tata Motors, Precot Mills, BOB, ONGC, Punj Llyod and ITC.

Regards,
Bhavin.

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