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Showing posts from December 23, 2007

parsvnath deveopers--good growth stock

Real estate stocks also gained during the week. Major gainers here include Ansal Housing (27%), Parsvnath Developers (23%) and DLF (10%). This was seemingly a result of reports that the mutual fund regulator, AMFI and the Institute of Chartered Accountants of India, cleared the path to the launch of India's first real estate mutual fund (or REIT, Real Estate Investment Trust). This shall enable small investors, who wish to be a part of the buoyant real estate sector without having to purchase properties, to benefit from the long-term opportunity in the sector. On the other hand, REITs shall allow real estate firms to raise more capital to fund their expansion and development plans. For the uninitiated, the principle activity of a REIT is to invest in diverse portfolio of properties with the main objective to earn an attractive return from rental income and long term capital growth. EQMASTR

stocks to buy during correction

Script you invest should nopt have minimum competetors, a market favourite ,proven track record, resonably big to take business risks in new enutures. I fancy Larsen, RIL, RPL, SESA, SUZLON, Sterlite, elecon, Pidilite, thermax, Areva, Aban, bhel,ICICI,Sunpharma, Ranbaxy, Kavveri Telecom,BhushanSteel,GMDC,Ashapura, Patel Engg, Infy These are very strong companies . Majority of them have proved their mettlein international markets. They have stenght, vision, and appetite to grow. Rgds Joshi

reliance petro

I have heard tht the Rel Petro refinery is going to start by MAr 26, a
year in advance to the initial project plan. The same well placed
sources have also confirmed the tgt by MAr 26 is RS. 300 Rel Petro ,now is a good investment/trading 'boat' on which one can come aboard if not yet in it. Technically (daily,weekly basis) as well as news wise its a good scrip to be in.Long term very good upside. RELIANCE INDUSTRIES too,too good for good upside from now on.

recommadations

recommadations

12/27/2007 532869 ROMAN TAR V P 213.00 3 Month 450.00
12/27/2007 502281 Triveni Glass V P 42.00 12 Month 275.00
12/24/2007 530253 Rajsthan Tubes H R H R 32.00 12 Month 100.00
12/24/2007 523387 Triton Corp CniR 33.00 12 Month 112.00
12/20/2007 526717 GOPALA POLY 10.00 12 Month 75.00
12/19/2007 532730 SGL 41.75 6 Month 166.00 average
12/18/2007 531719 Bhagiradh Chemcials 102.00 1 Month 177.00
12/18/2007 513530 Stelco 60.00 12 Month 333.00
12/17/2007 507180 Kesar Enterprises 107.00 12 Month 450.00
12/17/2007 511607 Sholka Info 30.40 1 Month 250.00
12/14/2007 Punjab Tractor 285.00 3 Month 800.00
12/14/2007 524731 Jenburph Pharma 47.00 3 Month 250.00
12/13/2007 500322 Panyam Cement 114.00 12 Month 700.00
12/12/2007 502986 VardhmanTextiles 182.00 12 Month 750.00
12/11/2007 513335 Ahmednagar Forging 241.00 3 Month 500.00
12/11/2007 Tutis Technology 23.80 2 Month 100

Power-packed debut from Transformers and Rectifiers (India

Transformers and Rectifiers (India) was trading at Rs 735 at 10:07 IST on BSE, a 58.06% premium over IPO price of Rs 465 per share. Meanwhile the BSE Sensex was up 25.43 points or 0.11% to 20,238.80 7.27 lakh shares were traded on the counter on BSE in early trade. The stock debuted at Rs 701.10, a 50.77% premium over the IPO price. The stock hit a high of Rs 813.75 and low of Rs 685.20 so far during the day. The company had priced the IPO at the top end of the Rs 425-Rs 465 price band. At the current market price of Rs 735, the PE multiple works out to 49.32, based on the year ended March 2007 EPS of Rs 14.90. Transformers and Rectifiers (India) IPO had ended on 12 December 2007. The issue was subscribed 91.31 times. The company manufactures transformers ranging from power generation, transmission and distribution transformers, industrial and specialty transformers. The company had come out with the IPO to part finance a greenfield manufacturing facility at Moraiya, ne…

Gateway Distriparks spurts

Gateway Distriparks spurts Gateway Distriparks jumped 7.57% to Rs 153.50 on reports the Indian promoter of the company is hiking stake and taking management control of the company. Meanwhile, the BSE Sensex was up 15.84 points, or 0.08%, to 20230.79. On BSE, 4.12 lakh shares of the scrip were traded. The stock had an average daily volume of 3.23 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 154.40 and a low of Rs 143.80 so far during the day. The stock had hit a 52-week high of Rs 171.52 on 3 January 2007 and a 52-week low of Rs 110.12 on 8 March 2007. The scrip had underperformed the market over the past one month till 27 December 2007, declining 0.21% as compared to the Sensex's return of 6.75%. It had also underperformed the market in the past one quarter, rising 8.61% as compared to the Sensex's rise of 16.92%. The shipping-logistics provider has an equity capital of Rs 115.58 crore. Face value per share is Rs 10. At the current…

ipo listing dates

Transformers and Rectifiers Ltd : Dec 28 2007. Issue price Rs.465/-

E Clerx services Ltd : Dec 31 2007. Issue price Rs.315/-

Brigade Enterprises Ltd : Dec 31 2007. Issue price Rs.390/- (tentative)

Burnpur Cement Ltd : Jan 03 2008. (tentative)

BGR Energy Systems Ltd : Jan 04 2008. (tentative)

Aries Agro Ltd : Jan 07 2008. (tentative)

Manaksia Ltd : Jan 07 2008. (tentative)

Porwal Auto Components Ltd : Jan 08 2008. (tentative)

Precision Pipes Profiles Ltd : Jan 10 2008. (tentativeI)

ITI hits the roof

ITI jumped 10% to Rs 63.40 on reports that it is seeking Rs 2,000 crore government bailout package. Meanwhile, BSE Sensex was up 214.70 points or 1.08% to 20,068.62. On BSE, 1.47 lakh shares of the scrip were traded, with pending buy orders for 1.18 lakh shares at the 10% upper circuit. The stock had an average daily volume of 6.14 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 63.40 and low of Rs 59.50 so far during the day. The stock had hit a 52-week high of Rs 70.95 on 15 November 2007 and 52-week low of Rs 35.85 on 24 August 2007. The scrip had outperformed the market over the past one month till 24 December 2007, rising 7.86% as compared to the Sensex's return of 5.31%. It outperformed the market in the past one quarter, surging 31.77% as compared to the Sensex's rise of 17.48%. The mid-cap telecom equipments manufacturer has equity share capital of Rs 288 crore. Face value is Rs 10 per share. As per reports, ITI (formerly known…

Three ways to become a smart IPO investor

An IPO or initial public offering is when a private company sells its stock to the public for the first time. IPOs are common during booming markets such as the one we have now and there have been more than a 100 IPOs in India during 2007. IPOs can make investors a lot of money because stocks are often underpriced (sold at a price less than their real value) which mean that they jump sharply on the very first day of trading and often continue moving upwards. However as usual there is no free lunch and while IPOs often offer attractive returns they also carry additional risks compared to regular stocks. Here are some basic tips to make smart decisions when it comes to IPOs. Understand the processThe process of pricing and auctioning an IPO is quite complicated compared to buying regular stocks and you should acquaint yourself with the details. For example it's important to understand that many IPOs are oversubscribed. This means that investors demand far more shares than are being…

A narrowing valuation gap?

Public sector banks will take a few more years to match the valuations of private banks, but only if they resolve the key issues that are restricting their growth. In a volatile market, it is a dilemma to choose between value (slow growth, low valuation) and growth stocks (high growth, high valuation). A classic example to prove this fact is the Indian banking sector, which is dominated by large number of public sector banks (PSBs) which come under the value category whereas the private banks are classified as growth stocks. This is because PSBs, despite having huge network (branches) and employee base, lag behind their private sector counterparts, which are far ahead in terms of technology, products and processes. And thus comes the valuations gap. Market participants and even fund managers feel that the gap can be narrowed only when PSBs catch up with their private counterparts in terms of people, produc…

LIC HOUSING FINANACE-- STRONG BUY

On solid ground Strong business growth, improving asset quality, fresh capital infusion and improving margins will support the scrip's continuous rerating All the past efforts of internal restructuring have started delivering good results for LIC Housing Finance. The loan disbursement for the quarter ended Sep'07, grew by 36% to Rs 1600 crore. The company had around Rs 1500 crore of disbursement pending in Sep'07 quarter, which is confident to disburse by Dec'07. Hence the company is very positive for achieving its disbursement target of Rs 6200 crore for FY'08, which is a growth of 20% y.o.y. In FY'07, the disbursement stood at Rs 5130 crore, up by 5% compared to FY'06. However because of significant increase in asset pricing (as the housing interest rate kept on increasing and nearly 93% of the total disbursement by the company are on floating basis) there was a 25% increase in income from operations. Thus in FY'07, growth was driven by asset reprici…

Select PSU stocks in demand on bonus issue hopes

Shares of eight state-run companies rose 1.63% to 4.66% on reports the government may ask them to issue bonus shares. National Thermal Power Corporation (NTPC) rose 2.30% to Rs 234.50, Bharat Heavy Electricals (Bhel) gained 4.30% to Rs 2470.50, Steel Authority of India (Sail) rose 1.63% to Rs 268.55, Oil and Natural Gas Corporation (ONGC) advanced 4.32% to Rs 1242.20, Indian Oil Corporation (IOC) moved up 2.83% to Rs 646, Bharat Petroleum Corporation (BPCL) rose 2.54% to Rs 443.10, Hindustan Petroleum Corporation (HPCL) gained 1.69% to Rs 316.50 and GAIL India surged 4.66% to Rs 501.25 Meanwhile, BSE Sensex was up 526.26 points or 2.75% to 19,685.80 as stronger-than-expected US consumer spending calmed fears the world's top economy was heading into a recession. As per reports, the government may ask these public sector firms (PSUs) to issue bonus shares as their reserves and surplus have increased to several times their paid-up capital. According to official guideli…

Cairn India: Buy

Positive news from the Rajasthan project execution and sustained high oil prices will drive the stock price though the appreciation from hereon could be slower.

With most approvals received, the Rajasthan project is on track. Raghuvir SrinivasanInvestors can consider buying the Cairn India stock at the current price of Rs 224 with a medium-term investment perspective. The stock has appreciated 40 per cent in the last one year from its IPO price of Rs 160, undergoing a re-rating in the process. Appreciation from hereon could be slower though, and the stock price will be driven as much by positive news flowing in from the execution of the Rajasthan project as by sustained high oil prices.Investors can consider acquiring the stock in tranches to exploit any price weakness caused by broad market factors.Our recommendation is subject to three main risks. First, softer oil prices, which could erode the value of the company's reserves in the Rajasthan field. Second, the issue o…

Planning to buy penny stocks?

They are called 'monster stocks' by pessimists and 'affordable stocks' by optimists on Dalal Street. They are cheap but they are susceptible. They do wonders for retail investors, if they click. But they are fragile too and can crash like nine pins.

Yes, you've guessed it right. We are talking about penny stocks, a lot whose fate depends on the market movement. Here's a lowdown on what to keep in mind if you hold or are planning to buy penny stocks, particularly in this bull run.

What they are

For the uninitiated, penny stocks quote at very low prices (usually less than Rs 10) and hence possess limited downside risk. They usually quote at such prices due to losses in their operations or extremely negative perception in the market about the quality of their management.

"Excitement in these stocks happens due to turnaround or change of management. Upside potential in case of revival of a sick company or its sale to an established promoter is hug…