Sell Indiabulls Financial Services, last close Rs 125.70, sell around Rs 127.40-126.30, stop loss Rs 129, cover short at Rs 124.60-121.70. Buy Gujarat NRE Coke, last close Rs 80.70, buy around Rs 77.50-79.70, stop loss Rs 76, book profit at Rs 82.90-88.20. Buy Hindalco with stop loss of Rs 149 for targets of Rs 178-Rs [...]
Asian Markets Asian shares trading lower on Wednesday. Nikkei Stock Average 225 down 27.40 points at 10,610.66. Hang Seng Index down 83.99 points at 21,415.45. KOSPI Index down 0.39 pct at 1,665.96. Shanghai Composite Index up 0.91 pct at 3,241.12. US Markets US Markets ended flat on Tuesday.Dow Jones industrial average down 2 points,down 0.02 [...]
Autoline Industries Ltd (BSE Code – 532797, NSE Code- AUTOIND) (P/E – 9, Market Cap – Rs145 cr, Equity – Rs12.2 cr) Autoline Industries (AIL) supplies complex sheet metal assemblies and sub-assemblies to Tata Motors, Bajaj Auto, Kinetic Engineering, Mahindra & Mahindra, Walker Exhaust and Fiat India. Tata Motors, which buys components for passenger cars [...]
Flagship of the LNJ Bhilwara group, HEG is a diversified company with interests in graphite electrodes and power. For the Q2 ended 30th Sept 2009, though actual numbers on a QoQ have gone up, the margins have reduced sequentially. YoY the story is other way round – the numbers show pressure but margins have gone [...]
Rallis India Limited, a Tata company and a leading agrochemical player in India, kept up its track record and announced another set of good results for second quarter ended 30th Sept 2009. A company with a widespread basket of pesticides, given the current thrust of the Govt on agriculture and rural India, this is the [...]
Sell Indiabulls Financial Services around Rs 126.10-128, stop loss Rs 129, cover short at Rs 123.80-119.60 Buy NTPC around Rs 219.80-225.30, stop loss Rs 214, book profit at Rs 235.40-250.90 Buy SAIL with stop loss of Rs 224 for targets of Rs 250-Rs 262 Buy Hindalco with stop loss of Rs 144 for targets of [...]
BAJAJ HINDUSTHAN Reco price: Rs 207 Current market price: Rs 212.20 Target price: Rs 234 Upside: 10.3% Brokerage: Religare Hichens, Harrison For year ending September 2009, Bajaj Hindusthan’s sugar volumes dropped 27 per cent year-on-year to 6.7 MT, primarily due to lower cane crushing and a depleted sugar inventory. Nevertheless, a steep increase in sugar [...]
GAIL Reco price: Rs 402 Current market price: Rs 402.05 Target price: Rs 370 Downside: 8% Brokerage: Ambit Capital Commencement of KG-D6 gas, concomitant with the Rs 30,000 crore network expansion plan encompassing the addition of 7,000 km of gas pipelines, should result in a 37 per cent CAGR volume growth for GAIL over FY09-FY12. [...]
JUBILANT ORGANOSYS Reco price: Rs 339 Current market price: Rs 338.15 Target price: NA Brokerage: Edelweiss Securities Healthy order book and new contracts in Jubilant Organosys’ Pharma and Life Sciences Products and Services (PLSPS) business is expected to deliver 15 per cent overall revenue growth in 2009-10, after a healthy organic growth of 31 per [...]
INFOSYS TECHNOLOGIES Reco price: Rs 2,545 Current market price: Rs 2,526.50 Target price: Rs 3,020 Upside:19.5% Brokerage: Angel Broking New engagement models (NEM) are expected to be the key growth drivers for Infosys’ overall business, going forward. Infosys currently has 84 clients in NEM model with deal size of around $165 million and is looking [...]
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