Market Updates02 Jun11
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Market Outlook »
Nifty back above 2 year trend supports.
Nifty back above 2 year trend supports, more hurdles ahead as prices
inch back towards the 200 DEMA around 5,600.The daily candle chart of
the Nifty shows a large bodied bullish candle, which indicates a near
term optimistic outlook. The anticipated follow up buying occurred,
sending indices higher along expected lines.The coming session is
likely to witness a resistance at the 5620 levels on advances. Support
is likely at the 5500 levels below which the 5470 maybe tested.
Technical Calls »
Buy EROS International 149.00 target 160
Buy TVS Motors 54.15 target 60
Buy JSW Steel 975.00 target 995
More
Momentum Calls »
Buy EDSERV Soft. 144.25 target 155
Buy Mangalore Chemical 32.70 target 40
Buy Phoenix Mills 186.20 target 195
More
Investment »
Voltamp
Voltamp numbers are ahead of expectations as the EBITDA margins
reverted back to the pre-FY11 levels. However, demand scenario remains
challenging as
Investment »
Simplex Infra
Order inflow for fiscal 2011 much better than other construction
peers. However, execution growth during FY11 was lower than the
management guidance.
Stock Watch
Unity
Revenue of the company for Q4FY11 and full year FY11 reported a growth
of 16% and 15% YoY respectively led by strong order book. Revenue
growth was better than our estimates.Order inflow during FY11 was
lower than
Stock of the Week
Arvind Ltd
Arvind is engaged in the manufacture of textiles and branded segments.
Operates in three segments, textiles which inlcude yarn,fabric and
branded garments and others which include EPABX and rural automatic
exchange systems, It services and construction business. With an
equity base of Rs 254cr supported with huge reserves of Rs 1235cr. For
FY11 it recorded net sales of Rs 2691cr with net profit of Rs 134cr.
FY11 EPS is Rs 5.64. At cmp the stock is available at a forward
multiple of just 14.
For more detailed reports visit at http://www.bazaaredge.com
Visit the Blog http://www.bazaaredge.com/blog
Disclaimer : This report is for the personal information of the
authorized recipient and does not construe to be any investment, legal
or taxation advice to you. And not soliciting any action based upon
it. The report is based upon information that we consider reliable,
but we do not represent that it is accurate or complete, and it should
not be relied upon such. We or any of its affiliates or employees
shall not be in any way responsible for any loss or damage that may
arise to any person from any inadvertent error in the information
contained in this report
Powered By Bazaaredge.com
Market Outlook »
Nifty back above 2 year trend supports.
Nifty back above 2 year trend supports, more hurdles ahead as prices
inch back towards the 200 DEMA around 5,600.The daily candle chart of
the Nifty shows a large bodied bullish candle, which indicates a near
term optimistic outlook. The anticipated follow up buying occurred,
sending indices higher along expected lines.The coming session is
likely to witness a resistance at the 5620 levels on advances. Support
is likely at the 5500 levels below which the 5470 maybe tested.
Technical Calls »
Buy EROS International 149.00 target 160
Buy TVS Motors 54.15 target 60
Buy JSW Steel 975.00 target 995
More
Momentum Calls »
Buy EDSERV Soft. 144.25 target 155
Buy Mangalore Chemical 32.70 target 40
Buy Phoenix Mills 186.20 target 195
More
Investment »
Voltamp
Voltamp numbers are ahead of expectations as the EBITDA margins
reverted back to the pre-FY11 levels. However, demand scenario remains
challenging as
Investment »
Simplex Infra
Order inflow for fiscal 2011 much better than other construction
peers. However, execution growth during FY11 was lower than the
management guidance.
Stock Watch
Unity
Revenue of the company for Q4FY11 and full year FY11 reported a growth
of 16% and 15% YoY respectively led by strong order book. Revenue
growth was better than our estimates.Order inflow during FY11 was
lower than
Stock of the Week
Arvind Ltd
Arvind is engaged in the manufacture of textiles and branded segments.
Operates in three segments, textiles which inlcude yarn,fabric and
branded garments and others which include EPABX and rural automatic
exchange systems, It services and construction business. With an
equity base of Rs 254cr supported with huge reserves of Rs 1235cr. For
FY11 it recorded net sales of Rs 2691cr with net profit of Rs 134cr.
FY11 EPS is Rs 5.64. At cmp the stock is available at a forward
multiple of just 14.
For more detailed reports visit at http://www.bazaaredge.com
Visit the Blog http://www.bazaaredge.com/blog
Disclaimer : This report is for the personal information of the
authorized recipient and does not construe to be any investment, legal
or taxation advice to you. And not soliciting any action based upon
it. The report is based upon information that we consider reliable,
but we do not represent that it is accurate or complete, and it should
not be relied upon such. We or any of its affiliates or employees
shall not be in any way responsible for any loss or damage that may
arise to any person from any inadvertent error in the information
contained in this report