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Showing posts from April 6, 2008

stocks to pick this week

Bhel

CMP: Rs 1,707.10

Target price: Rs 2,100

Deutsche Bank has reiterated its buy rating on Bhel, while revising the price target to Rs 2,100. It feels the stock's recent correction is an opportunity for long-term investors, as it expects revenue growth to pick up over the next couple of quarters.

"A detailed analysis of all 40-odd projects being implemented by Bhel suggests that there is a likelihood of bunching up of new capacities for commissioning from 2QFY09 (Sep-08) onwards," the bank said in a client note.

"In addition, commissioning of 5000MW of short cycle industry and export orders – as well as Bhel's initiatives to boost its capacity – should drive up earnings in the medium term," it added.
Reliance Petroleum

CMP: Rs 168.75

Target price: 208

Enam Securities has rated Reliance Petroleum a neutral, with a price target of Rs 208 on belief the company is ready to capture buoyancy in the global refining cycle.

"We expect the ref…

Companies with captive iron ore mines defy Sensex

'To benefit from increased price realisation'
Ambarish Mukherjee New Delhi, April 10 The stock market too appears to be taking note of the iron ore issue. On Thursday, the day after primary steel producers raised prices by Rs 5,000 per tonne, stock prices of steel manufacturing companies that do not have captive iron ore went down along with a falling Sensex.On the other hand, the stock prices of companies having captive iron ore mines defied the Sensex trend and went up.Price increase
Market sources said that "the benefits of increased price realisation would get reflected in the balance sheets of only two companies — SAIL and Tata Steel. Their average cost for iron ore would remain at existing levels of around Rs 500 per tonne and price increase will only add that much amount to their profits.""On the other hand, for the other companies, the increase in gross realisation would have only a very marginal impact on profits, which is why probably the ma…

Banco Product in top gear on buy back proposal

Banco Product India soared 17.41% to Rs 36.75 at 15:15 IST on BSE after the company scheduled a board meet on 17 April 2008 to consider buy back of equity shares. The company made this announcement during trading hours today, 10 April 2008. On BSE, 2.18 lakh shares were traded in the counter. The scrip had an average daily volume of 41,646 shares in the past one quarter. The stock hit a high of Rs 37.55 and a low of Rs 30.95 so far during the day. The stock had a 52-week high of Rs 51.70 on 3 January 2008 and a 52-week low of Rs 24.99 on 3 September 2007. The small-cap scrip had underperformed the market over the past one month till 9 April 2008, declining 10.19% compared to the Sensex's fall of 2.06%. It had outperformed the market in the past one quarter, declining 22.72% compared to Sensex's decline of 23.28%. The company's current equity is Rs 14.20 crore. Face value per share is Rs 2. The current price of Rs 36.75 discounts its year ended March 2007 EP…

Steel cos levy surcharge, prices up by average Rs 5,000

NEW DELHI: In a move that is bound to attract fiscal measures from the government, steel makers on Wednesday raised prices of their products by imposing an average 'raw material surcharge' of Rs 5,000 per tonne. "We have imposed a raw material surcharge of average Rs 5,000 per tonne on various products owing to steep increase in raw material prices and we will pass it on to customers," said the Director, Finance, JSW Steel Mr Seshagiri Rao. Similarly other leading utilities such as Ispat, Essar and Tata too have hiked prices of the products by levying the raw material surcharge, an industry source said.However, when contacted spokespersons of Essar and Ispat did not comment while Tata Steel spokesman was not available for comment. But state-run steel giant SAIL emphatically denied levying any surcharge. A SAIL spokesman said the company had not taken any decision on the same. Justifying the rise in prices, a steel industry official said raw material pric…

Tea stocks turn hot

Seven tea stocks moved up by 0.61% to 5.10% on expectations tea prices may rise further. Tea stocks that gained were, Mcleod Russel (up 5.10% at Rs 88.50), Tezpore Tea Company (up 5% at Rs 56.35), Assam Company (up 3.93% at Rs 25.15), Harrisons Malayalam (up 2.44% at Rs 77.60), Warren Tea (up 2.95% at Rs 75), and Tata Tea (up 0.61% at Rs 894. According to Food and Agricultural Organisation (FAO), global tea prices are expected to maintain their upward trend this year due to tighter supply, particularly due to lower production in Kenya. Foreign investment bank Merrill Lynch said in a client note it expects tea prices to 24% over FY 2008-10 following a production slump in Kenya in January-March 2008 and low pipeline stocks in India According to reports, Kenya is currently seen as the primary force behind better prices. Kenya is facing two problems. One, on the political front, where the unrest in that country has affected tea estates and violence in some parts has even le…

what is sensex?

The Sensex is an "index". What is an index? An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down.

The Sensex is an indicator of all the major companies of the BSE.

The Nifty is an indicator of all the major companies of the NSE.

If the Sensex goes up, it means that the prices of the stocks of most of the major companies on the BSE have gone up. If the Sensex goes down, this tells you that the stock price of most of the major stocks on the BSE have gone down.

Just like the Sensex represents the top stocks of the BSE, the Nifty represents the top stocks of the NSE.

Just in case you are confused, the BSE, is the Bombay Stock Exchange and the NSE is the National Stock Exchange. The BSE is situated at Bombay and the NSE is situated at Delhi. These are the major stock exchanges in the country. There are other stock exchanges like the Calcutta Stock Exchange etc. but they are not as popula…

NMDC soars on possible price hike

NMDC was locked at upper limit of 10% at Rs 12237.40 at 13:05 IST on BSE on reports the firm will raise iron ore prices after talks with its Japanese clients, due to begin in May 2008, are over. On The scrip had touched a low of Rs 11505 so far during the day. The stock had hit a 52-week high of Rs 16584.10 on 6 November 2007 and a 52-week low of Rs 1955.10 on 26 April 2007. The scrip had outperformed the market in the one month to 7 April 2008, rising 13.59% as against the Sensex's 1.37% fall. It had also outperformed the market in the past three months, slipping 21.26% against the Sensex's 24.51% slide. The state-run mining firm has an equity capital of Rs 132.16 crore. Face value per share is Rs 10. At the current price of Rs 12237.40, the scrip trades at a PE multiple of 41.76, based on Q3 December 2007 annualised EPS of Rs 293.04. NMDC, which accounts for about 15% of India's iron ore production, sells contracted iron ore at prices based on those of the…

Clean alternatives

Jitendra Kumar Gupta / Mumbai April 7, 2008Rising costs of conventional fuel, environmental concerns and finite reserves are all forcing the world to look at alternative clean energy sources with a long-term perspective. With finite reserves of conventional energy sources such as crude oil, coal and gas, and increasing pressure from environmentalists to cut emissions, the world is seriously looking at alternative sources of clean energy. The surge in prices of conventional energy sources in the recent years has only hastened the process. For instance, crude oil is hovering over $100 a barrel, while its cascading effect on pricing of coal, gas and other forms of energy inputs have reached the zenith. For India, over the last few decades, the demand for power and transportation fuels has increased significantly, primarily due to high economic growth, rising urbanisation and rapid industrialisation. This demand …

Rich brew for McLeod Russel India on strong outlook

McLeod Russel India soared 9.16% to Rs 80.45 at 11:20 IST on BSE, extending previous session's gain after the company official said in a television interview that the firm estimates Rs 750–Rs 770 crore revenue in FY 2009. In the previous session on Monday, 7 April 2008 the McLeod share closed up 6.12% or Rs 4.25 at Rs 73.70. The interview was broadcasted during market hours on Monday, 7 April 2008. Meanwhile, the BSE Sensex was down 201.61 points, or 1.28%, to 15555.56 tracking subdued-to-weak trend in Asian stocks. On BSE, 4.92 lakh shares of the scrip were traded. The stock had an average daily volume of 2.96 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 81.55 and a low of Rs 74 so far during the day. The stock had hit a 52-week high of Rs 98.95 on 3 January 2008 and a 52-week low of Rs 46.45 on 21 January 2008. The scrip had outperformed the market in the one month to 7 April 2008, gaining 15.97% as against the Sensex's 1.37% fall…

Orchid Chemicals & Pharmaceuticals in the pink of health

Orchid Chemicals & Pharmaceuticals surged 15.73% to Rs 207.50 at 15:17 IST on BSE after a block deal for 2.85 lakh shares, or 0.4% of equity, was struck at Rs 192 per share on BSE. On BSE, 90.74 lakh shares of the scrip were traded. The stock had an average daily volume of 17.82 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 209 and a low of Rs 173.25 so far during the day. The stock had hit a 52-week high of Rs 328 on 17 January 2008 and a 52-week low of Rs 106.50 on 24 March 2008. The scrip had underperformed the market in the one month to 4 April 2008, falling 24.66% as against the Sensex's 7.25% fall. It had also underperformed the market in the past three months, slipping 42.16% against the Sensex's 25.83% slide. The small-cap drug maker has an equity capital of Rs 65.85 crore. Face value per share is Rs 10. At the current price of Rs 207.50, the scrip trades at a PE multiple of 6.31, based on Q3 December 2007 annualised EPS …

Better prospects could turn tea stocks hot

Global prices may maintain upward trend
M.R. Subramani Chennai, April 6 One of the industries that is looking forward to a better performance this year is the tea sector. There are quite a few factors that are seen helping the industry, which has been in trouble for the last couple of years.In the view of the Food and Agricultural Organisation (FAO), global tea prices are expected to maintain their upward trend this year. This will be on the heels of a tighter supply, particularly due to lower production in Kenya.FAO estimates Kenya is currently seen as the primary force behind better prices. Kenya is facing two problems. One, on the political front, where the unrest in that country has affected tea estates and violence in some parts has even led to burning of the gardens. The second factor is drought in the growing areas that have already affected production. The FAO estimates that production in the African country could be lower by as much as 10 per cent. What adds streng…

market khaber by c. kutumbarao---hyderabad broker

MARKET KHABARBy C. Kutumba RaoMarket players await Q4 resultsDespite change in global market sentiments, inflation fears spo-oked domestic markets and the government's measures to control it have kept the markets on the edge. Shedding all gains posted in the earlier week, the Sensex fell by 6.3 per cent to end at 15,343 points and the Nifty on the NSE lost six per cent to close at 4,649 points. Though the market breadth was positive during the early part of the week, it turned negative by the end of the week reflecting crisis of confidence. Both the CNX Midcap and the BSE Smallcap had smaller cuts of 3.8 per cent and 2.4 per cent.Renewed selling from FIIs and the lack of follow-up buying from domestic institutions kept the sentiment subdued. Fears of strong monetary and regulatory steps to control inflation affecting the growth story and liquidity have turned the sentiment bearish. Reports of losses due to exposure to asset markets and derivative contracts and the impact of slowin…

Parsvnath Developers - Press Release

Parsvnath Developers Limited has announced that the Company has laid the foundation of its star rated project Parsvnath Prideasia at Chandigarh on April 05, 2008. The foundation laying has been done by his Excellency Gen. (Retd.) S F Rodrigues, PVSM, VSM, Governor of Punjab & Administrator UT in a grand ceremony held at its site at Rajiv Gandhi Technology Park Chandigarh.

Parsvnath PRIDEASIA, the first Public Private Partnership project in India for development of an IT habitat and first Integrated luxury fully built up Township project, is an enigma which is growing fast on those who have come visiting the place. The Company received an overwhelming response in the bookings phase.

PDL has gone for foundation laying ceremony today at the site after receiving environmental clearances and approvals on building and layout plans. Mr. Pradeep Jain - Chairman Parsvnath Developers Ltd. Mr. Mohan Jeet Singh IAS - Chairman Chandigarh Housing Board and dignitaries of Chandigarh were present a…

recommendations

1.madras cements--buy@cmpWell timed capacity additions and cost saving measures, combined with a strong regional demand outlook are positives. 2.ranbaxy---hold, targetrs 660 3. jagran prakasan--hold--targetrs120 4, amteckauto--buy@cmp A diversified product and client base, capacity expansion and addition of businesses make the stock a buy5.graphite india--buy--- Strong demand from the steel sector, coupled with the limited electrode capacity additions industry-wide may help scale up growth.

NMDC okays stock split, 2:1 bonus

Our Bureau Hyderabad, April 5 National Mineral Development Corp Ltd has decided to split its equity share and issue bonus shares to its shareholders. The EGM held this week decided that the equity share with a face value of Rs 10 is to be split into 10 equity shares of Re 1 each. Similarly, it was decided to issue bonus shares at the ratio of two equity shares for every one equity share held. The record date for the split is April 21. The record date for bonus shares will be notified after in-principle approval of the stock exchanges is obtained.

Potential stocks trading at attractive levels

If there is something common to all mutual fund managers and brokers, it is probably the unpredictability of the equity market. No one is willing to put a bet on the time needed for a turnaround in the mood, and fund managers are happy to go with the current tide which is 'sell on rise and invest on dip'.

As a result, profit-booking has become an order of the day and every time the markets rise, people are rushing to minimise their losses. Interestingly, there is not much difference between the strategies adopted by different investors even though many stocks are trading close to their 52-week lows.

While the word volatility has become an accepted phenomenon and is always associated with equity markets, the prolonged volatility seen for the last couple of months has become a worrying factor. In the current market scenario, traders seem to be too happy to react to bad news more than to good news, and unfortunately, there hasn't been any problem on the supply s…

5 stocks likely to pay back well(indian stock market)

April 4, 2008
High Yield CropsWhen the market is moving up, most of the return on equity investments would come from price appreciation. But not when it is falling. That's when you need stocks that are likely to pay back well in the long term Garware-Wall Ropes --- 2.76 GSK Consumer Healthcare --- 1.91 TN Newsprint & Papers --- 3.61 Tata Chemicals --- 3.38 J&K Bank --- 1.76 Profit after tax (Rs Cr)Profit after tax to sales (%)Return on net worth (%)  Company200520062007200520062007200520062007Garware-Wall Ropes13.2614.8622.225.085.176.549.5810.515.16GSK Consumer Health.73.16