Market Outlook And Tips For 18th September 2008

NIFTY ANALYSIS : Markets closed in red today after the choppy trade. Most of the stocks closed around 52-w low. Further the bias likely to remain weak due to concerns over the health of financial markets worldwide. Technically Nifty is facing strong resistance around 4100. If Nifty managed to stay above 4100 for at least half an hour, one can go for long side. But till then wait and watch. Below 3900 one can go for short with stop loss of 4055. Below 3900 target could be around 3750.

NIFTY FUTURE : For a day trading view, below 4033 it’s a more chance to touch 3950 to 3892 level. At upside above 4033 it go for 4091 and if break this with volume then go for 4174 to 4232 level.

BSE SENSEX : Now below 13336 it slide to touch 13052 and once broke this level then it slide up to 12843 to 12559 level. At upside above 13336 it zoom to kiss 13545 and then 13829.

RELIANCE : Below 1894 it slide up to 1829 to 1782 level. At upside it face hurdle at 1941 once cross this level then go for 2006 level.

SBI : Now below 1547 more chance to touch 1494 to 1458 level. At upside above 1547 it go for 1583 to 1636 level.

TATA STEEL : For a day trading view, Trade below 461 lead it to the 450 to 433 level. At upside it face hurdle at 478 and then 489.

L&T : Now below 2514 it slide up to 2469 to 2436 level. At upside it face hurdle at 2547 and once cross this then it go for 2592 to 2625 level.

INFOSYS : Now above 1550 it go for 1598 to 1626 level. Suppose break 1550 then slide up to 1522 level.

ONGC : For a day trader, it has a support at 972 level if break this then slide up to 946 to 915 level. At upside above 972 it zoom to kiss 1003 here it face hurdle once cross this too then it go for 1029 to 1060.

REL CAPITAL : Below 1088 it slide up to 1041 to 1013 level and if break this too then slide up to 966. At upside above 1088 it go for 1116 to 1163 level.

REL INFRA : Below 835 it slide up to 816 to 803 level. At upside above 835 it zoom to kiss 848 to 867 level and then 880.

BHEL : Below 1619 it slide up to 1568 to 1532 level. And above 1619 it go for 1655 to 1706 level.

DLF : It slide up to 397 and if break this too then further slip to386 to 367 level. At upside face resistance at 416 and then 427.

Source : moneypulse.blogspot.com

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Market Review for 18th September 2008

BSE Sensex: (13263) the market opened in the green but the crucial supports breached and the market closed in the negative…I would like to treat the market as in sideways correction with a bias down unless it crosses the 13600 mark

The support for the Sensex is 13100-12876 and the resistance to the up move is at 13836-13911-14079

NSE Nifty: (4008) the support for the Nifty is at 3950-3910 and the resistances to the up move is at 4063 – 4186

Source : PrakashGaba

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Tata Steel targets 30% ROC in 5 years

Koushik Chatterjee, Group CFO of Tata Steel said that external capital will be tough to raise. They have syndicated their entire Corus acquisition debt, he said. The company does not have any immediate fund requirements or any balance sheet issues, he said. Cost of capital is higher as the premium on risk is much higher, he said. Overall leverage will not allow companies to take on too much external capital, Chatterjee said. Steel growth will be tad lower than the 6.5% forecasted, he added. Even at lower demand, steel would have supply constraints, he said.

Chatterjee feels that spot steel prices have softened a bit. Raw material metal spread is still at comfortable levels, he said. The company is targeting combined return on capital of 30% in five years.

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Equity Trading Tips for 18th September : Part 1

Buy Aban Offshore, target of Rs 3493: Reliance Money
Reliance Money has recommended a buy rating on Aban Offshore with a target of Rs 3493 in its September 18, 2008 research report. “During the past few months, Aban Offshore has significantly underperformed the markets, basically due to concerns on expected oversupply of rigs, and inability of Aban to secure contracts for some of their new rigs. However, we believe that these concerns are overdone, and current price correction presents a good opportunity for long term investors to enter the stock. Moreover, recent contract winnings by the company only reiterate the strong demand for rigs in global markets. Looking at the excellent revenue visibility and exponential growth ahead, we believe Aban is very well poised to reap the benefits of current upturn in oil services business. We recommend buy with target price of Rs 3493,” says Reliance Money’s report.

onlineequitycalls.com

Buy GMDC, target of Rs 203: Asit C. Mehta
Asit C. Mehta has recommended a buy rating on Gujarat Mineral Development Corporation (GMDC) with a target of Rs 203 in its September 16, 2008 research report.

“We consider Sum of the Parts valuation (SOTP) to be the most appropriate valuation method for GMDC. While arriving at SOTP valuation we have considered Enterprise value per Reserves tonne for mining business, and Asset Replacement cost for power business. Based on this approach, we recommend a “BUY” on GMDC with a price target of Rs 203,” says Asit C. Mehta’s research report.

onlineequitycalls.com

Brokers bullish on HDFC Bank, ICICI Bank

• Credit Suisse has maintained underperform rating on Ranbaxy, with a target of Rs 390
• Citi has downgraded Info Edge to hold rating, with a target of Rs 860
• Macquarie has maintained neutral rating on ONGC, with a target of Rs 995
• Macquarie has maintained outperform rating on HDFC Bank, with a target of Rs 1439
• Macquarie has maintained underperform rating on ICICI Bank, with a target of Rs 435
• Enam has maintained underperform rating on SBI, with a targetof Rs 1800
• India Infoline has maintained reduce rating on Nalco, with a target of Rs 390
• India Infoline has maintained sell rating on Bajaj Hind, with a target of Rs 122
• Kotak Institution has upgraded Cairn India to add rating, with a target of Rs 245
• Kotak Institution has maintained add rating on ICICI Bank, with a target of Rs 870
• Merrill Lynch has kept buy rating on ICICI Bank, with a target of Rs 1010

Source : MoneyControl

India Infoline plans offshore, on-shore AMC biz in 6 months
Nirmal Jain, Chairman and Managing Director of India Infoline said that his company plans to launch offshore as well as on-shore asset management (AMC) business. He is trying to get a license in Singapore to start an AMC there. Jain plans to build good asset base in this business in three to five years. Their institutional business is accepted well in foreign markets, he said.

Source : MoneyControl

Courtesy/Source: http://www.onlineequitycalls.com/

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Buy Patel Engineering, target of Rs 490: SBICAP Securities

SBICAP Securities has recommended a buy rating on Patel Engineering Company with a target of Rs 490 in its September 17, 2008 research report. “At the current price of Rs 370, assuming full tax rate of 33%, the stock trades at a P/E multiple of 17.4x its FY09E consolidated EPS of Rs 21.2 and at 14.3x its FY10E consolidated EPS of Rs 25.9. On an EV/EBIDTA basis, it trades at 8.8x FY09E and 7.7x FY10E. We value the real estate subsidiary at Rs 185 per share, BOT subsidiaries at Rs 13 per share and assign a conservative 12x P/E multiple to its core construction business’s standalone FY10EEPS of Rs 24.4. Thus,arriving at an SOTP value of Rs 490 per share (an upside of 32% from the current level),we recommend a BUY on the stock,” says SBICAP Securities’ research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More …

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Long-term Indian bull market still alive: Rakesh Jhunjhunwala

Here is a verbatim transcript of Investor and Trader, Rakesh Jhunjhunwala’s bytes played on CNBC TV18. Also watch the accompanying video.
On the bear market:
What is a bear market, what is a bull market, I don’t know. Numerically – surely, since we have broken the last lows that we had in August 2007, we’ll have to term it as a bear mkt. But I don’t think the long-term Indian stock bull market has ended. I think it’s in interruption mode.
On the macros:
I don’t rule out anything in the financial markets. I always question- suppose I have to pay margin tomorrow, to Lehman Brothers, I would have questioned it. It may be Goldman Sachs. I will not pay if they are a position taking company. If you take position yourself, I’ll not pay margin. Never believe that the BoE (Bank of England) cannot fail, or if the BoE may not fail, it may go back on its words. They change policy retrospectively, which amounts to going back on your words.
On the US situation:
I have made presentations to show in October, that this is going to be an unprecedented fall. And I have reasoned out how much is the lending to subprime, and that this problem cannot be stopped by reducing interest rates. The American bull market has come to an end. It may be a long correction.
On exercising caution:
If the Index instead of going from 3,000 to 21,000 had gone from 3,000 to 13,000, and then back to 11,000 – would that not have been a bull market? Then it would have been termed a bull market correction. So at levels, where you saw the participation, the valuations, you saw what was coming in the Western world, you saw the sheer corporate greed in India; you saw the senselessness with which people in India just wanted to buy anything. They were all indicators – so what is wrong in being cautious?
The mother of all bull runs is still to come
The mother of all bull runs is still to come. But I think the next high and the next bull market will be far bigger and have far more participation, and far more excesses than we had in the last one year.

Courtesy/Source: CNBC-TV18, moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Intraday calls for 18th September, 2008

Markets likely to open weak.
Short sell: Reliance industries and Bharat Heavy Electricals.

Source : nseguide

Courtesy/Source: http://www.onlineequitycalls.com/

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Spicejet: Stock/Scrip Information

Scrip: SpiceJet
BSE Code: 500285
CMP: 24.95
52 Weeks H/L: 104.80 – 20.50

The main reason why I am bullish on this scrip is because of falling oil prices. Oil prices have fallen below 100$ level.
More over Spice Jet is introducing new 14 flights in key cities like Delhi , Hyderabad , Chennai , Pune and Coimbatore on a daily basis.
The past week trend is down but it is due to global cues.
Though this is a loss making company with not that good fundamental sound. But entering this stock at 22 Rs level is a good bet to expect a 30 % return in 3-4 months.
So one can play safe in this scrip with a three months view.

Source: www.indianmoneyplus.com

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

ITC: Stock/Scrip Information

ITC
Cluster: Apple Green
Recommendation: Buy
Price target: Rs247
Current market price: Rs184

New cigarette to plug price gap
ITC is test marketing a new cigarette, Wills Navy Cut Regular (69mm), in the regular category in selected cities like Mumbai and Pune. The new cigarette is priced at Rs24 for a pack of ten sticks. The national launch of the cigarette shall depend on the response from the two test markets, Mumbai and Pune.

Source : The Sharekhan Research Team

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Ranbaxy Laboratories: Stock/Scrip Information

Ranbaxy Laboratories
Cluster: Apple Green
Recommendation: Hold
Price target: Under review
Current market price: Rs376

Downgraded to “Hold”

Key points

The US Food and Drug Administration (USFDA) has banned and issued an import alert over 30 generic medicines manufactured at Ranbaxy Laboratories’ (Ranbaxy’s) Dewas and Paonta Sahib plants in India.

In the interim, the FDA will not approve any new product approval applications for products made from these two plants. This could lead to a delay in the approval and launch of generic Valtrex (which features amongst the list of the products banned), for which Ranbaxy has a 180-day marketing exclusivity starting from late 2009.

The USFDA has found deficiencies in the manufacturing processes relating to sterilisation, cross-contamination of products, equipment cleaning, production control and record keeping. In our opinion, these issues are grave and could be challenging for Ranbaxy to address, thereby consuming considerable time and effort.

The banned drugs include key products like Ciprofloxacin; Clarithromycin; the antiviral Acyclovir; cholesterol-lowering Simvastatin and Pravastatin; and the diabetes drug, Metformin.

The USA is Ranbaxy’s largest market, accounting for 26% of its revenues and ~35% of its earnings before interest, tax, depreciation and amortisation (EBITDA) in CY2007. The import ban would lead to a significant drop in Ranbaxy’s US business. Rough estimates indicate that the development could lead to a ~3-5% reduction in the company’s CY2008 estimated earnings and a ~13-15% downgrade in its CY2009 estimated earnings.

The warnings and import alert imposed by the USFDA are of a serious nature and could also have a bearing on Ranbaxy’s business in the other markets, notably Europe. Further, the increased scrutiny is also likely to result in a reduced flow of new product approvals in the other markets.

The stock has already fallen by ~7% in reaction to the above-mentioned development and is currently trading at around Rs376. We will review our earnings estimates and price target once we have greater clarity on and details of the issue. In light of the concerns, such as the investigation by the US Department of Justice (DoJ), the continued foreign exchange (forex) losses of the company and the current USFDA import alert, hovering over the company, we are downgrading our recommendation on the stock from “Buy” to “Hold”.

Source : The Sharekhan Research Team

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Sensex: In red again, ICICI Bank slumps 8%

The Sensex is now down 233 points 13,286.ICICI Bank has slumped 7.8% to Rs 545. Sterlite and Ranbaxy have plunged around 7% each to Rs 444 and Rs 378, respectively.

ITC has shed 4.5% at Rs 185. HDFC Bank has tumbled nearly 4% to Rs 1,182.

SBI has dropped 3% to Rs 1,539. BHEL, Reliance and DLF have slipped around 3% each to Rs 1,609, Rs 1,886 and Rs 414, respectively.

TCS and Hindustan Unilever have declined 1.7% each to Rs 737 and Rs 237, respectively.

Jaiprakash Associates, Grasim and Reliance Communications are down around 1.5% each.

Tata Motors has rallied over 4% to Rs 415. ONGC has surged over 3% to Rs 982.

Infosys has moved up 1.7% to Rs 1,590. Mahindra & Mahindra and Wipro are up over 1% each at Rs 540 and Rs 396, respectively.Out of 2,601 stocks traded so far, 1,608 have declined, 913 have advanced and 80 are unchanged.

Source: Business Standard

Courtesy/Source: news.in.msn.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Ignore Ranbaxy: Vijay

Portfolio Manager, PN Vijay is of the view that one should avoid Ranbaxy Laboratories.

“Ranbaxy Laboratories must have a strong legal department; they are going from frying pan to the fire. I do not know whether it’s a US pharma lobby, which wants to finish the Indian pharmaceutical companies as some people say. I really do not know but Ranbaxy is so bogged down in litigation all over. I am just ignoring this stock.

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Bajaj Auto a market performer: HDFC Securities

HDFC Securities has maintained its market performer rating on Bajaj Auto with a target of Rs 570 in its September 15, 2008 research report. “Bajaj Auto reported a growth of 2.7% yoy at 200,955 units in August 08. The motorcycle segment grew by 4.7% yoy at 175,274 units. It enjoys a market share of around 62% in the 125cc and above category, which accounts for 27% of the motorcycle industry volumes. Due to volatile market conditions, we see a downside from current levels, however based on fundamentals; we maintain our target price of Rs 570/share, including cash per share of Rs 60 and continue with our rating of ‘Market Performer with a positive bias’ on Bajaj Auto as we see the premium segment of the company to be a major positive.” according to HDFC Securities report.

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Buy Nifty with a stoploss of 3990: Nirmal Bang

According to Nirmal Bang’s Morning Call, for Nifty buying is advisable on dip with a trading stoploss of 3990 for a minimum target of 4160/4230.

Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Accumulate HCL Technologies: Emkay

Emkay Global Financial Services has recommended an accumulate rating on HCL Technologies with a target of Rs 297, in its September 16, 2008 report. “HCL Tech currently trades at 10x FY10 earnings with further defense in the form of 5.5% dividend yield. We believe that HCL Tech could also face some peers c.orne out of macro weakness like peers though absolute downside could be restricted on account of inexpensive valuations. ‘Accumulate’ with a target of Rs 297,” says Emkay’s research report.



Courtesy/Source: onlineequitycalls.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on http://www.bhaveshthaker.com and http://bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Buy Infosys at Rs 1400: Gujral

Technical Analyst, Ashwani Gujral is of the view that one can buy Infosys Technologies at Rs 1400 for a bounce right upto Rs 1,800-1,850.

Gujral told CNBC-TV18, “Satyam is near a very strong support around Rs 325-330. Around these levels if one can get in once the tide turns, one could easily get levels of Rs 450-460.”

He further added, “For Infosys Rs 1,400 has been a strong level, so anything close to that on any bad day that is a good price to get in probably for a bounce right upto Rs 1,800-1,850. So technology stocks are also trading quite close to their support. Given the rupee, people should try to get into them.”

Disclosure: Analyst has long positions in the Nifty.

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Violent sell-off to add long-term investors to Asia: CLSA

Chris Wood of CLSA GREED & fear said that long-term investors should be adding to Asia if there is a violent sell-off since the Asia ex-Japan market will be below CLSA GREED & fear 400 target buying level on the MSCI AC Asia ex-Japan Index.

Wood added that more wipe out is quite possible. However, CLSA Greed & fear would view 350 on the MSCI AC Asia ex-Japan Index as an absolute steal. The reason is that Asia may have operating leverage but it does not have the financial leverage which is the fundamental cause of the crisis in the West.

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Hexaware Technologies an underperformer: Karvy

Karvy Stock Broking has recommended an underperformer rating on Hexaware Technologies with a target of Rs 35 in its September 16, 2008 research report. “At the end of CY07, the debtors which were above 6 months were Rs 195 million (8.5% of total debtors), of which the company has provided for Rs 128 million, which works to 66% of the long debtors. Though loans and advances considered doubtful at the end of CY07 was just Rs 5 million, the value of un-billed services in the loans and advances has been steadily going up, which accounts for 1/3rd of loans and advances. Though cash & bank (inclusive of liquid investments would be close to 50% of the stock, despite that we see very little upside. Given all that we believe the stock to underperformer and could go down by 15% from the current levels, target of Rs 35,” says Karvy Stock Broking’s research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Courtesy/Source: www.moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

Reliance Comm touches 52-week low

Reliance Communications has touched a 52-week low of Rs 350. At 12:11 pm, the share was quoting at Rs 356.70, down Rs 12.25, or 3.32%.

The company has added 1.75 million users in August, reports Newswire18.

It was trading with volumes of 515,619 shares. Yesterday the share closed down 5.68% or Rs 22.20 at Rs 368.95.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 398.95 356.70 -42.25 -10.59
5-Days 405.25 356.70 -48.55 -11.98
7-Days 398.55 356.70 -41.85 -10.50
15-Days 388.95 356.70 -32.25 -8.29
1-Month 412.40 356.70 -55.70 -13.51
3-Month 535.10 356.70 -178.40 -33.34
6-Month 482.75 356.70 -126.05 -26.11
9-Month 717.80 356.70 -361.10 -50.31
1-Year 530.80 356.70 -174.10 -32.80

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com

HDIL loses further ground

Housing Development and Infrastructure, HDIL has touched a 52-week low of Rs 220.30. At 12:40 pm, the share was quoting at Rs 225.40, down Rs 16.95, or 6.99%.

It was trading with volumes of 837,176 shares. Yesterday the share closed down 11.62% or Rs 31.85 at Rs 242.35.

Currently the stock is -79.76% below its 52-week high of Rs 1,113.78.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 288.95 225.40 -63.55 -21.99
5-Days 311.20 225.40 -85.80 -27.57
7-Days 316.20 225.40 -90.80 -28.72
15-Days 280.25 225.40 -54.85 -19.57
1-Month 325.07 225.40 -99.67 -30.66
3-Month 458.81 225.40 -233.41 -50.87
6-Month 418.83 225.40 -193.43 -46.18
9-Month 751.84 225.40 -526.44 -70.02
1-Year 474.37 225.40 -248.97 -52.48

Courtesy/Source: moneycontrol.com

Disclaimer: The Stocks Recommended Above Are Picked Up At Random From Research Reports Of Broking Houses. Investors Are Advised To Use Their Judgment Before Acting On These Recommendations. Author Does Not Associate Itself With The Choices. Investments In Stock Markets Are Risky. Information And Advice Is Based On Technical Analysis And Long Term Fundamentals Of The Company And Is Provided Without Any Liability (Financial Or Otherwise).The Author Or His Clients May Or May Not Be Holding Recommended Scripts.
Disclaimer: The entries posted on bhaveshthaker.blogspot.com are purely with the intention of sharing personal interest in news, information, Gujarati music and poetry and Indian film and classical music, Indian stock market related information without any intention of any direct or indirect commercial gain. If any of the posts are causing infringement of copyrights, it is purely unintentional and such posts would be discarded with immediate effect, as soon as they are brought to notice of the administrator. Contact: bhaveshthaker@gmail.com