Buy State Bank of Travancore with stop loss of Rs 802 for target of Rs 929
Buy Tata Communication around Rs 339-345.2; stop loss Rs 335; book profit around Rs 355-371
Sell Mahindra Satyam around Rs 79.6-80.1; stop loss Rs 81; book profit around Rs 78.7-77.2
Buy State Bank of Bikaner & Jaipur with stop loss of Rs 725 for target of Rs 840
Tulip Telecom
BSE Code : 532691
Claims to be India’s one of the largest enterprise data connectivity service provider, a leading network integrator and managed services player, with significant experience in creating and managing large networks across most vertical segments including Banking, Financial Services, Insurance, Telecom, Manufacturing, Logistics, Media, Retail, IT, Consulting, Education, Healthcare and Government. Presently, company derives 90% of its revenue from Enterprise Data Services and the rest 10% from Network Integration. As of now company ranks 4th in the total Enterprise data market commanding 11.34% market share. It is also looking to generate income from newer avenues like Managed Services such as DC, RIM, Security etc and from other Value added services Recently it entered into partnership with Qualcomm to provide Broiadband Wireless Access in key telecom circles of Delhi , Mumbai, Haryana & Kerala. For Q1FY11 its revenue grew by 20% to Rs 525 cr but PBT remained flat at Rs 84 cr. Due to higher tax provisioning PAT declined by 15% to Rs 64 cr posting an EPS of Rs4.50 for the quarter on equity of Rs 29 cr having face value as Rs 2/- per share. Company has the potential to clock an EPS of Rs 22 for the current fiscal. A decent buy at current levels.
Buy Jyoti Structures with a stop loss of Rs 137 for a target of Rs 159
Sell Everest Kanto Cylinder with a stop loss of Rs 118 for a target of Rs 98
Buy Power Grid Corporation around Rs 103.10-104.50, stop loss Rs 101, book profit at Rs 106.90-110.70
Sell Tech Mahindra around Rs 692.80-680.40, stop loss Rs 701, cover short at Rs 660.30-627.80
Asian markets were trading lower on Tuesday morning.
China’s Shanghai Composite was down 0.62% or 16.32 points at 2,623.05.
Hong Kong’s Hang Seng shed 0.62% or 129.66 points at 20,759.35.
Japan’s Nikkei 225 tumbled 1.23% or 112.54 points at 9,004.15.
Singapore’s Straits Times was down 0.12% or 3.57 points at 2,922.42.
South Korea’s Seoul Composite declined 0.59% or 10.47 points at 1,757.24.
Taiwan’s Taiwan Weighted slipped 0.37% or 29.18 points at 7,946.75
Buy Tata Coffee with a stop loss of Rs 498 for a target of Rs 577.
Buy Ispat Industries, last close Rs 19.30, buy around Rs 18.30-19, stop loss Rs 17.95, book profit at Rs 20-21.60.
Sell Colgate Palmolive around Rs 837-828, stop loss Rs 845, cover short at Rs 811-785
Buy Ucal Fuel with a stop loss of Rs 85 for a target of Rs 99
The US markets snapped 5-day losing streak post strong economic data, Wal-Mart ups guidance and big M&A news. The Dow Jones Industrial Average ended up 104 points at 10406, lost nearly 40 points in last half hour of trading. The S&P 500 Index ended up 13 points at 1092 and closed above 50-DMA at 1088 (it has seen resistance around 1100). The Nasdaq Composite ended up 27 points at 2209. NYSE total shares traded were less than 1 billion for third straight session. CBOE VIX was down 7% at 24.
Asian markets opened marginally higher; Straits Times was up 0.5% and Nikkei up 0.35%. Taiwan and Kospi gained 0.3%. Shanghai and Hang Seng went up 0.1%. European markets hit 1-week high: CAC was up 1.8%, DAX up 1.57% and FTSE up 1.4%. Read the rest of this entry »
China’s Shanghai Composite was up 0.53% or 14.15 points at 2,686.04.
Hong Kong’s Hang Seng added 0.62% or 131.33 points at 21,268.76.
Japan’s Nikkei 225 rose 0.37% or 33.59 points at 9,195.27.
Singapore’s Straits Times gained 0.56% or 16.48 points at 2,939.84.
South Korea’s Seoul Composite was up 0.34% or 5.97 points at 1,761.
Taiwan’s Taiwan Weighted sureged 0.31% or 24.96 points at 7,956.05.
Buy India Infoline with a stop loss of Rs 100 for a target of Rs 116
Sell Reliance Industries with a stop loss of Rs 1020 for a target of Rs 870
Buy Prakash Industries around Rs 172.90-177.70, stop loss Rs 169, book profit at Rs 186.30-199.80
The US markets ended off day’s low to end flat amid pathetic volumes & lower than expected global economic data. The Dow Jones ended flat at 10302, after seeing recovery of 93 points from day’s low of 10209.
The Nasdaq ended up 8.4 points at 2182, after seeing recovery of 27 points from day’s low of 2155. The S&P 500 Index ended flat at 1079, after seeing recovery of 10 points from day’s low of 1069.
NYSE trading volume didn’t even break 800 million shares; most thinly traded session’s all year.
MSCI Asia Pacific Index was lower for the first time in last 3 days on speculation that Japan will introduce economic stimulus measures
European markets ended flat; CAC was down 0.4% while DAX and FTSE ended flat. Read the rest of this entry »
Buy Yes Bank with a stop loss of Rs 302 for a target of Rs 349
Buy Titan Industrieswith a stop loss of Rs 2853 for a target of Rs 3300
Buy Andhra Bank around Rs 153.30-155.90, stop loss Rs 151, book profit at Rs 160.10-167
Sell Cipla around Rs 314.10-308.30, stop loss Rs 319, cover short at Rs 298.20-282.20
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