Market outlook 21-07-2010

US Markets closed positive.
Europe markets closed negative.
Asian markets are trading green.
Expect Indian Markets to open positive..
Nifty: (5368) Support 5342 and Resistance 5416-5453

INTRADAY BEEPS

BUY LITL TARGET 72 SL 66 ;
BUY HCC TARGET 140 SL 130 ;
BUY HIND PETRO TARGET 450 SL 430;
BUY VIP IND TARGET 395 SL 375;
BUY FEDERAL BANK TARGET 370 SL 357;
SELL LIC HSG FIN TARGET 1000 SL 1040;
SELL AXIS BANK TARGET 1350 SL 1380 ;
SELL JINDAL STEEL TARGET 600 SL 625;


STOCK BEEPS

-Hindustan Media Ventures to list today
-Globus Cons to relist today
-Cinemax looking to raise USD 30-40 million by PE partner to expand screens & locations as advised by Enam
-Adani Enterprises QIP subscribed 1x ;Issue was priced at Rs 536.15/share
-Orbitech (Citigroup arm) brings down its stake in Polaris by 2.5% in July; Orbitech stake in Polaris down from 43.33% to 19.86% since September 2009
-Alstom Holdings & Schneider Electric Group postpone open offer to buy a 20% stake in Areva T&D India till further notice
-Kishore Biyani's Future Group makes offer for distressed Vishal Retail, could derail a bid by TPG– Mint
-Results today: Kotak Mah Bank, Yes Bank, TVS Motor, Mastek, Orchid Chemical, NIIT, KPIT Cummins, REC, Thermax, Abhishek Inds, Alstom Projects, Bajaj Finserv, Birla Corp, Engineers India, Hyderabad Inds,Ingersoll Rand, Karur Vysya Bank, Monsanto India, Pidilite Inds,Transport Corp, United Breweries

RESULT UPDATE

-USL Q1 Net profit at Rs 121 cr vs Rs 177 cr (YoY)
-SKF India Q2 Net profit at Rs 48.5 cr vs Rs 17.7 cr (YoY)
-JK Paper Q1 Net profit at Rs 29.1 cr vs Rs 20.2 cr (YoY)
-Panacea Biotec Q1 Net profit at Rs 32.6 cr vs Rs 13 cr (YoY)
-Tata Coffee Q1 PAT at Rs 5.7 cr vs Rs 4.54 cr ((YoY))

Ex-Dates

-Emami : Ex-Split @ 2 :1, Ex-Dividend @ 6/share
-Zensar Tech : Ex-Bonus @ 2 :1, Ex-Dividend @ 5.5/share
-Tech Mahindra : Ex-Dividend @ Rs 3.5/share

IPO Listing Detail - Hindustan Media Ventures Ltd

Listing Date: Wednesday, July 21, 2010 (Today)
NSE Symbol: HMVL
ISIN: INE871K01015
Issue Price: Rs. 166.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

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