Market Updates 23 May11
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Market Outlook »
Nifty is trading below its 200 day simple moving average.
The market is expected to open on a negative note tomorrow. Trade
short in Nifty at 5480 levels with a stop loss placed at 5,500 for
targets of 5,450 and 5,420. Alternatively, trade long if the Nifty
holds 5,500 levels with a stop loss placed at 5,480 levels for targets
of 5,550 levels.
Technical Calls »
Buy L & T 1594.00 target 1625
Buy EMAMI 428.00 target 435
Buy Crompton Greves 238.00 target 245
More
Momentum Calls »
Buy BHEL 2064.00 Near term it may touch 2100
Buy TeraSoft 50.50 Near term it may touch 60
Buy Everonn 562.40 Near term it may touch 580
More
Investment »
Precision Wires
PWIL had already approved expansion of capacity by about 6,200 tpa
involving Capex of about Rs 33 crore to be implemented in phases over
next 15-18 months. As India is a power-deficit country, massive
investment in
Investment »
Jagran Prakashan
The media and entertainment industry in India is likelyto grow at ~13
% CAGR over 2009-13, touching US$ 20 billion by 2013. And therefore,
we believe that the Hindi print media leader Jagran Prakashan is well
placed to
Corporate Report »
USHA MARTIN
Volume delivered, but margin disappoints; Downgrade to ‘HOLD’ Despite
34% YoY growth in consol. revenue to Rs8.7bn on volume growth and
better realisation, Usha Martin's (USM) EBITDA grew at a subdued 16%
YoY to Rs1.6bn as OPM contracted by 283bps to 18.5%.......
Analyst Corner »
Suzlon Energy
Suzlon turned the corner in a quarter where losses at Vestas doubled,
with its first rec PAT at Rs1.6bn in 4Q11 (vs loss Rs2bn in
4Q10).. .....
Stock Watch
HT Media
HT Media recorded 20% increase in advertising revenues of print
segment to Rs 3,635 million as compared to Rs 3.02 billion driven by
volume growth and improvement in price realization. The company
witnessed significant improvement in advertising spends across sectors
driving growth in ad volumes and yields. Advertising revenues for
English segment grew 21% from Rs 2.23 billion to Rs 2.7 billion y-o-y.
Hindi segment grew by 20%. Ad revenue for this segment stood at Rs 940
million as compared Rs 790 million in Q4FY10..
Stock of the Week
Chennai Petroleum Corporation
The main products of the company are LPG, Motor design, Superior
Kerosene, ATF, HSD, Naptha, Bitumen, Lube Base Stocks, Paraffin Wax,
fuel Oil, Hexane and petrochemical feedstock. CPCL has an equity base
of 149cr supported by reserves of Rs 3318cr more than 22x of equity.
For Q3FY11 EPS was Rs 10 while nine month EPS is Rs 13. At current
level the stock is available at a forward PE of 10 and paid dividend
120%
Calls Reviews
Pantaloon given at 241 Achieved 260
Coromandel given at 315 Achieved 327
Canbank given at 523 Achieved 531
TCS given at 1152 Achieved 1182
Wockhardt given at 346 Achieved 372
Bhel given at 2068 Achieved 2108
Hercules Hoist given at 227 Achieved 239
HDFC given at 630 Achieved 650
Shriram Trans given at 639 Achieved 685
Emami given at 407 Achieved 434
Shalimar Paints given at 407 Achieved 475
Bajaj Finserv given at 495 Achieved 528
Muthoot given at 133 Achieved 138
Adani given at 626 Achieved 662
IRB given at 161 Achieved 167
Tata Motors given at 1208 Achieved 1234
Vikas Global given at 81 Achieved 84
Ranbaxy given at 478 Achieved 497
ShreeGanesh given at 252 Achieved 278
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