Market outlook 27-10-2010

US Markets closed flat.
Europe markets ended negative.
Asian markets are trading mixed.

NIFTY OPENING =FLAT BULLISH TILL NOON
SUP:6085 -6033 RES:6161+

OI INDICATES ORCHID BLAST TODAY OR TOMORROW

BUY SURYALA 514138 NEAR 200 SL:191 TGT:210-222/


INTRADAY BEEPS

BUY TATA CHEM TARGET 455 SL 435;
BUY FIRST LEASE TARGET 93 SL 85;
BUY JKIL TARGET 260 SL 250;
BUY GABRIEL TARGET 73 SL 68;
BUY SURYA PHARMA TARGET 325 SL 305;
BUY TWL TARGET 510 SL 490;
BUY MARUTI TARGET 1600 SL 1550;
BUY GODREJ IND TARGET 233 SL 225;
BUY HT MEDIA TARGET 175 SL 168;


STOCK BEEPS

-IPO Listings Today: Prestige Estates, BS Transcomm, Gyscoal Alloys
-LIC Housing Finance board meet on stock split today
-Stocks in F&O curb: Aban Offshore, Chambal Fertiliser, Core Proj,Everest Kanto, Essar Oil, Ispat, JSW Holdings, Nagarjuna Fert, Orchid Chemical, Reliance Mediaworks
-Religare Technova to relist today after scheme of arrangement
-Small investors may get bigger share in PSU companies up for disinvestment
-Qualcomm looks to sell broadband biz, company looking for a minimum
price of Rs 5000 crore, company won permits in Mumbai, Delhi, Haryana and Kerala In recently concluded auction
-Tayal moves court to unlock ICICI shares worth Rs 1000 crore
-Results today: United Spirits, Asian Paints, Patni, Bata, Dabur, Everest Lanto, Everonn, FACT, Firstsource Solutions, Glenmark, Gati,Godrej Ind, HCL Info, Hindustan Copper, HT Media, IFCI, Karur Vysya Bank, Prism Cement, Strides Arcolab, Torrent Power, Trent, WWIL, Zee News


IPO Listing Detail

1]
Listing Date: Wednesday, October 27, 2010
NSE Symbol: BSTRANSCOM
Listing In: 'B' Group of Securities
ISIN: INE043K01011
Issue Price: Rs. 248.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

2]
Listing Date: Wednesday, October 27, 2010
NSE Symbol: GAL
Listing In: 'B' Group of Securities
ISIN: INE482J01013
Issue Price: Rs. 71.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share


3]
Listing Date: Wednesday, October 27, 2010
NSE Symbol: PRESTIGE
Listing In: 'B' Group of Securities
ISIN: INE811K01011
Issue Price: Rs. 183.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Read more »

Market outlook 26-10-2010

-Coal india Issue price at Rs 245 a share, Price at upper end of price band
-SC dismisses L&T appeal on NTPC tender
-SEBI have tightened rules on preferential issue to promoters
-Red Fort Cap invests Rs 120 crore in Parsvnath Developers
-ONGC may go off sell off list as govt plans to cap disinvestment target at Rs 40,000 crore this year
-Results today: Central Bank, Dena Bank, Deepak Fertiliser, Dish TV,Gujarat Alkalies, HCL Infosystems, JB Chemical, Jindal Steel, JSW Steel, MRPL, Marico, NTPC, Raymond, SRF, Sterlite, Tamil Nadu Petro,Tech Mahindra, TV18, Ultratech Cem, United Phosphorous, Voltas

Delivery Buy :
Comapny:- Balkrishna Industries
NSE Symbol:- BALKRISIND
CMP:- 750
Target :- 900
Time Frame:- 6 Months


Balkrishna Industries Ltd (BIL) is a niche tyre manufacturer of specialty/off highway tyres for use in agriculture, mining and construction sector. Almost 90% of its revenues are generated from exports to Europe (50%), US (20%), Middle East, Africa, Australia,Asia. With global tyre majors focusing primarily on the automotive business, we expect BIL to increase its global market share in the OTR segment to 6% (currently 3%) over the next three years. BIL�s
capability to customize and its vast experience will provide additional traction.


BIL has earmarked capex of Rs14bn for the next three years for capacity expansion through 1) setting up a greenfield plant at Gujarat with the capacity of 250T/day and 2) increasing the capacity of Aurangabad facility to 105T/day from 85T/day currently. These expansions will come on stream over the next couple of years and will place BIL in a better position to service strong demand growth expected in US and Europe.


BIL imports 70% of its rubber (major raw material) requirement at zero duty through advance licensing scheme. Furthermore, the prices of BIL�s products are ~30% cheaper than competitors, which provide sufficient headroom to raise prices in inflationary times. This leads
to higher OPM (~20%) for the company compared to <~15% OPM for its domestic peers.


FY10 was an exceptional year for BIL with a 24% OPM and three-fold jump in PAT. We believe BIL will revert to its historic average OPM of 19-20%. The company is likely to deliver a 23.7% revenue CAGR over FY10-12. With superior return ratios, a healthy balance sheet (D/E of
0.7x) and 17% PAT growth in FY12, we find the stock attractively valued at EV/EBIDTA of 5.2x and P/E of 5.9x on FY12 estimates. We recommend a BUY with a target price of Rs900.

Read more »

Weekly Report 24-10-2010

Another week of consolidation has just gone by as the key Indian stock indices seem to be struggling for direction. Even the global markets are not doing a great deal as investors digest the latest corporate earnings amid prospects of further monetary easing by the Fed early next month. That will indeed be a big event that everyone will watch closely. China has just surprised the world by announcing rate hikes.Also, data this week suggested that the Chinese economy is moderating.The G-20 finance ministers will meet this weekend in South Korea ahead of next month's leaders' summit at the same venue. The G-20 meet comes amid a bitter global bickering over uneven trade and money flows hurting the recovery process. Nothing concrete is expected out of the G-20 meet this week as China continues to resist demands to let yuan rise more freely.

Coming back to India, the market may remain in a state of flux next week as well. The Diwali week is packed with big events with potential to move the markets either way at least temporarily. The policy meetings of the RBI and the Fed are scheduled in early November along
with the US congressional elections and the Obama visit. Apart from that we will get the usual economic data early in the month. Results will continue to pour in from all corners of the world. Next week we will also have the F&O expiry for the current month's derivative contracts. One should remain cautious given the uncertainty over the near-term direction of the market. Stick to a stock-centric approach and avoid taking aggressive bets either way.

In terms of global data points, existing home sales, consumer confidence, durable goods orders, home prices, new home sales, GDP and consumer sentiment reports will be out nest week in the US. Statistics on UK GDP and Germany's CPI will also be announced besides BOJ's policy meeting.

REC, LMW, Titan, Mahindra Holidays, Amara Raja Batteries, Hindustan Media Ventures, Deepak Fertilizers, Dabur, Karur Vysya Bank, Bata India, Thermax, Trent, Patni, HT Media, HCC, ABB, Kansai Nerolac, M&M,Sona Koyo Steering, BPCL, AV Birla Nuvo, Maruti and Chambal Fertilizers are some of the big companies that will declare their results next week.

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Market outlook 21-10-2010

NIFTY WILL OPEN FLAT REMAIN RANGEBOUND -MARKET CAN SUSTAIN GREEN TILL NOON.IF NIFTY FUT NOT SUSTAIN ABV 6061 THEN BEARS WILL DRAG NIFTY DOWN TO 5989-71 - Time:8.48AM 21-10-2010

FAST CALL FOR ONLINE TRADERS MERCK LTD BUY ZONE 921-38 SL:901 TGT ZONE 960-1075 SLOW CALL BUY JAYANT AGRO @142-143 SL:140 TGT:146-150 - Time:8.48AM 21-10-2010

US Markets closed positive.Europe markets ended in green.Asian markets are trading mixed.


INTRADAY BEEPS

BUY ABG SHIPYARD TARGET 345 SL 315;
BUY GSPL TARGET 130 SL 123;
BUY POWERGRID TARGET 107 SL 102;
BUY INDIA INFOLINE TARGET 115 SL 108;
BUY KFA TARGET 77 SL 73;
BUY IBREALST TARGET 215 SL 207;
BUY FIEM IND TARGET 200 SL 190;
BUY INDOCO TARGET 490 SL 460;
BUY CHAMBAL FERT TARGET 89 SL 82;

STOCK BEEPS

-Coal India IPO closes today
-Stocks in F&O curb: Aban, Core Proj, Ispat, Orchid, Suzlon
-Mudra Life open offer at Rs 60/share
-GMR In a spot for levying cargo fees at Delhi
-100% open offer norm likely, SEBI board may up the trigger limit to 25%
-Results today: TCS, ACC, Ambuja, TVS Motor, Allahabad Bank, Alstom Projects, Bajaj Corp, Corporation Bank, Fresenius Kabi, Indiabulls Financial, JM Financial, Mahindra Forgings, MRF, Info Edge, Persistent Systems, Prime Securities, Sasken, South Indian Bank, Zensar Tech

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Market outlook 20-10-2010

US Markets closed negative.
Europe markets ended in red.
Asian markets are trading mixed.
Expect Indian Markets to open negative.
Nifty: (6027) Support 5963 and Resistance 6073.

NIFTY RECOVER FROM 5981-59

IPO Listing Detail

Listing Date: Wednesday, October 20, 2010
NSE Symbol: OBEROIREAL
Listing In: 'B' Group of Securities
ISIN: INE093I01010
Issue Price: Rs. 260.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

STOCK BEEPS

-Oberoi Realty lists today, issue price Rs 260
-Coal India IPO fully subscribed.
-Piramal Healthcare board meet on October 22 to mull dividend and/or buyback
-Alok Ind board meet on October 28 to mull merger with Grabal Alok Impex
-Crisil announces buy back at maximum at Rs 6500/share, offer opens of November 3 ((CMP: 6141))
-Premji to launch USD 1 billion endowment fund
-GTL Infra, Quippo Tele in race to buy tower assets of Saudi Telecom Co
-Indiabulls group puts retail plans on back bunker
-NMDC in talks to acquire Russian Mines for $400m
-Vodafone ready to buy essar stake –
-Center to give OMC Rs 10,000 crore to make up part of fuel losses
-NSE to introduce F&O contracts in 23 securities from October 29: Tata Motors DVR, 3i Info, Alok Ind, Bajaj Holdings, Bata, Bombay Dyeing,Central Bank, DCB, Escorts, Havells, HOEC, IGL, IndusInd Bank, IRB Infra, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, SKumars, Srei Infra, Sterlite Tech, TVS Motor
-Results today: HCL Tech, Kotak Mahindra Bank, Ashok Leyland, Bombay Dyeing, Canara Bank, Hindustan Zinc, Indiabulls Power, Indiabulls Realty, Jubilant Organosys, Mahindra Lifespace, Motilal Oswal,Pidilite, Yes Bank

Weekly Report 17-10-2010

The big story for the coming week will of course be the mega Coal India IPO which opens on Monday. Meanwhile, the volatile consolidation phase continues in the Indian market. Investors seem to be treading cautiously given that we are in the midst of the earnings season.Also, some cooling was expected as last month's rally had left the market a little overheated. So, after five straight weeks of advance,which lifted the key indices near their all-time highs, we have seen a minor pullback over the last two weeks. Still, the bulls almost pulled off new highs in the middle of this week when the Sensex soared by nearly 500 points only to retreat in the next two sessions.

After this week's volatility people are bound to be a little jittery about the near-term prospects for the market. And, there are no easy answers as results will continue to trickle in. At the same time, the anxiety over the fragile external scenario will keep the market players on tenterhooks. The heightened action in the global currency markets and the verbal feud over the sticky issue could also weigh on the sentiment. Fed chief Ben S. Bernanke says he is ready to ease the monetary stance further but will be cautious in unleashing Quantitative Easing 2.

All eyes are now on the next FOMC meeting, which is slated for Nov. 3. US will also hold congressional elections around the same time. Back home, the RBI policy meeting is scheduled for Nov. 2. Before that there will be a G20 summit in South Korea on Oct. 22-23.

Among the top results next week include Sesa Goa, HDFC, L&T, Bajaj Finserv, ING Vysya Bank, Mindtree, Bajaj Auto, Concor, HDFC Bank,Ashok Leyland, Persistent Systems, GSFC, Ambuja Cement, SKF India,Allahabad Bank, South Indian Bank, Mahindra Forgings, TVS Motor,Sasken, Zensar Tech, ACC, Eclerx, M&M Financial, Chennai Petro, Ipca Labs and Biocon.

Lots of global data points will be on tap as well. In the US, a slew of housing sector reports will be released apart from statistics on industrial production, Fed's Beige Book survey, weekly jobless claims,leading economic indicators and the Philly Fed index. Germany will announce ZEW survey of Economic Sentiment and IFO business outlook. Minutes from the BOE and RBA's last policy meetings will also be issued, besides UK retail sales. China's Q3 GDP and September economic indicators will also be watched closely.

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Nifty view on 18-10-2010

NIFTY FLAT TO WEAK .FII STARTED SELLING .DII WITHDRAW MONEY TO INVEST COALIND IPO .WAIT FOR CLEAR TREND ..NO CALLS NOW

Gap down opening is expected with negative sentiments. Session will be in bears grip ...reason CIL mega ipo and fear in financial and IT sector due to strengthening of rupee...Last 2 weekly candles on charts closed in red and confirmed that bulls lost their strength ... advised to book profits in over priced stocks and sit on cash ....on Friday we saw profit booking in entire session ...please have a look ...It is recommended that book your profits at each swing high...and try to enter in stocks which are available at oversold zones at low valuations ...

Trade according to the TREND ...
Do not oppose the storm, it will trouble you....
Do not risk your hard earned money...
Blindly pouring your money in market place will not reap you rewards...
Have a profitable day ...

Weekly Report 17-10-2010

The big story for the coming week will of course be the mega Coal India IPO which opens on Monday. Meanwhile, the volatile consolidation phase continues in the Indian market. Investors seem to be treading cautiously given that we are in the midst of the earnings season.Also, some cooling was expected as last month's rally had left the market a little overheated. So, after five straight weeks of advance,which lifted the key indices near their all-time highs, we have seen a minor pullback over the last two weeks. Still, the bulls almost pulled off new highs in the middle of this week when the Sensex soared by nearly 500 points only to retreat in the next two sessions.

After this week's volatility people are bound to be a little jittery about the near-term prospects for the market. And, there are no easy answers as results will continue to trickle in. At the same time, the anxiety over the fragile external scenario will keep the market players on tenterhooks. The heightened action in the global currency markets and the verbal feud over the sticky issue could also weigh on the sentiment. Fed chief Ben S. Bernanke says he is ready to ease the monetary stance further but will be cautious in unleashing Quantitative Easing 2.

All eyes are now on the next FOMC meeting, which is slated for Nov. 3. US will also hold congressional elections around the same time. Back home, the RBI policy meeting is scheduled for Nov. 2. Before that there will be a G20 summit in South Korea on Oct. 22-23.

Among the top results next week include Sesa Goa, HDFC, L&T, Bajaj Finserv, ING Vysya Bank, Mindtree, Bajaj Auto, Concor, HDFC Bank,Ashok Leyland, Persistent Systems, GSFC, Ambuja Cement, SKF India,Allahabad Bank, South Indian Bank, Mahindra Forgings, TVS Motor,Sasken, Zensar Tech, ACC, Eclerx, M&M Financial, Chennai Petro, Ipca Labs and Biocon.

Lots of global data points will be on tap as well. In the US, a slew of housing sector reports will be released apart from statistics on industrial production, Fed's Beige Book survey, weekly jobless claims,leading economic indicators and the Philly Fed index. Germany will announce ZEW survey of Economic Sentiment and IFO business outlook. Minutes from the BOE and RBA's last policy meetings will also be issued, besides UK retail sales. China's Q3 GDP and September economic indicators will also be watched closely.

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Weekly Report 16-10-2010

The big story for the coming week will of course be the mega Coal India IPO which opens on Monday. Meanwhile, the volatile consolidation phase continues in the Indian market. Investors seem to be treading cautiously given that we are in the midst of the earnings season.Also, some cooling was expected as last month's rally had left the market a little overheated. So, after five straight weeks of advance,which lifted the key indices near their all-time highs, we have seen a minor pullback over the last two weeks. Still, the bulls almost pulled off new highs in the middle of this week when the Sensex soared by nearly 500 points only to retreat in the next two sessions.

After this week's volatility people are bound to be a little jittery about the near-term prospects for the market. And, there are no easy answers as results will continue to trickle in. At the same time, the anxiety over the fragile external scenario will keep the market players on tenterhooks. The heightened action in the global currency markets and the verbal feud over the sticky issue could also weigh on the sentiment. Fed chief Ben S. Bernanke says he is ready to ease the monetary stance further but will be cautious in unleashing Quantitative Easing 2.

All eyes are now on the next FOMC meeting, which is slated for Nov. 3. US will also hold congressional elections around the same time. Back home, the RBI policy meeting is scheduled for Nov. 2. Before that there will be a G20 summit in South Korea on Oct. 22-23.

Among the top results next week include Sesa Goa, HDFC, L&T, Bajaj Finserv, ING Vysya Bank, Mindtree, Bajaj Auto, Concor, HDFC Bank,Ashok Leyland, Persistent Systems, GSFC, Ambuja Cement, SKF India,Allahabad Bank, South Indian Bank, Mahindra Forgings, TVS Motor,Sasken, Zensar Tech, ACC, Eclerx, M&M Financial, Chennai Petro, Ipca Labs and Biocon.

Lots of global data points will be on tap as well. In the US, a slew of housing sector reports will be released apart from statistics on industrial production, Fed's Beige Book survey, weekly jobless claims,leading economic indicators and the Philly Fed index. Germany will announce ZEW survey of Economic Sentiment and IFO business outlook. Minutes from the BOE and RBA's last policy meetings will also be issued, besides UK retail sales. China's Q3 GDP and September economic indicators will also be watched closely.

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Market outlook 12-10-2010

NIFTY OPEN FLAT.
THEN WEAK GLOBAL MKTS
WEAK OUTLOOK
NEGATIVE .STRNG RES:6166SPOT /6194 FUT AFTER FEW DAYS WEAKNESS NIFTY WILL HIT HIGH

INTRADAY BEEPS

BUY KRBL TARGET 45 SL 39;
BUY GODREJ IND TARGET 240 SL 228;
BUY TALWALKERS TARGET 250 SL 237;
BUY AARTI IND TARGET 75 SL 69;
BUY PRATIBHA TARGET 85 SL 77;
BUY JBCHE PHARMA TARGET 116 SL 107;
BUY SUPREME PETRO TARGET 82 SL 75;
BUY DAAWAT TARGET 78 SL 68;
BUY TATA ELXI TARGET 288 SL 277 ;
BUY TATA MOTORS TARGET 1165 SL 1140;

STOCK BEEPS


-Listing today: Tecpro Systems and Cantabil Retail
-Results today: Castrol, Exide, Kajaria Ceramics, Magma fincorp, Goa carbon, IL&FS Investment Managers, Tata Metaliks
-Suzlon Board allots 3.19 crore shares on preferential basis to IDFC PE for acquisition of 17.1% stake of SE forge ltd
-In F&O ban: Core projects, EKC, Essar oil, Ispat, Jindal South West Holding, Orchid Chem, Punj Lloyd, Reliance Media
-Kalpataru Power open offer for JMC Projects at Rs 207/share (cmp 209)
-Future group eyes 40% stake in ACK media, which owns iconic brands like Amar Chitra Jatha, Tinkle and Karadi Tales
-JSW group leads race to acquire Canada’s CIC, deal valued at USD 450-500 million
-Strike in 2 units at MRF, production at halt
-IVRCL Infra may sell Hind Dorr stake for Rs 600 crore
-Asian Hotels participate in a joint venture in an overseas hospitality consulting services company; to invest Rs 400 crore in JV and acquire 53% controlling stake
-Halonix: entered into share purchase agreement to acquire the group structure of its distributor in Luxembourg and is in the process of entering into other agreements to implement the acquisition of business and assets of its distributors in Europe.
-HCC bags order worth Rs 51 crore from Hindalco; to be completed in 15 months
-Cholamandalam Investment and Finance Company allotted 3000 PDIS aggregating to Rs 150 crore to M/s. Darashaw & Company Pvt. Ltd
-Pratibha Ind - approved preferential allotment nearly Rs 50 crore to Van Dyck, a subsidiary of "chryscapital
-Fedders Lloyd bagged additional prestigious order worth Rs 124.93 crore from Ministry of Defence
-IDFC's tax free infra bonds issue closing date extended to Oct 22
-REC looking to raise USD 500 million in November - January
-Shree Renuka Completes debt Restructuring agreements with major lenders of its Brazilian subsidiary.


----
IPO Listing Detail

Listing Date: Tuesday, October 12, 2010
NSE Symbol: CANTABIL
Listing In: 'B' Group of Securities
ISIN: INE068L01016
Issue Price: Rs. 135.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
----

Listing Date: Tuesday, October 12, 2010
NSE Symbol: TECPRO
Listing In: 'B' Group of Securities
ISIN: INE904H01010
Issue Price: Rs. 355.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper. >> More >>

Read more »

Value Pick for Long Term Delivery

Comapny:Tamil Nadu Newsprint and Papers Limited (10-10-2010)
NSE Symbol: TNPL
CMP: 140
Target: 170

Company Background

Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tamil Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material.Over the years, TNPL has increased its capacity to 245,000mtpa and has emerged as the largest bagasse based Paper Mill in the world consuming about one million tonnes of bagasse every year.

TNPL exports about a fifth of its production to more than 30 countries including Australia, Indonesia, Nigeria, Singapore and South Africa.It is the market leader in computer stationary and the largest exporter of wood-free paper.

Investment Rationale

Capacity Expansion to Boost Top-line and Margins: TNPL is under the process of mill expansion for increasing the production capacity from 245,000mtpa to 400,000mtpa by adding a new paper machine (PM 3), with an outlay of `1,000 Crore. The expansion is scheduled to be completed by October 10 while the additional production will be available from November 10. This would certainly drive the volume for TNPL leading to increase in revenue in coming years.

After the above expansion, manufacturing cost would go down while paper production would increase significantly leading to increase in margins.

TNPL is expecting to increase the output of its branded copier paper which enjoys demand in domestic and international market.It also plans to introduce a new line of packaged paper namely double folio examination paper

Rise in international pulp prices would be beneficial for TNPL:Earthquake in Chile which disrupted pulp supplies, and withdrawal of subsidy by the US Government (USD125-150 per mt) for the treatment of black liquor generated during pulp manufacturing, has pushed up the pulp prices leading to rise in international markets. Since TNPLs pulp demand is mostly met by its own production, rise in pulp prices would be beneficial for TNPL.

Availability of Bagasse to Improve:

Sugarcane production is expected to rise this year on account of good monsoon. With increased production of sugarcane, availability of Bagasse, the key raw material for TNPL, will improve leading to improved margins for the company.

New Projects to Improve Margins: The Company has taken up implementation of three new projects during the current year with a total capital outlay of `385 Crore. On competition (expected by December 11), these projects will boost up the margins for the company. The projects include: a) Installation of a 300tpd De-inking pulp plant to produce pulp from waste paper; b) Revamping of Steam & Power System to improve the energy efficiency; c) Installation of 600tpd cement plant for managing mill generated wastes - lime sludge and fly ash.

JV for Setting up Precipitated Calcium Carbonate (PCC) Plant: TNPL has entered into a long term agreement with M/s. Omya International AG,Switzerland for setting up an on-site PCC plant in TNPL premises on Built, Own & Operate (BOO) model. The Plant will have a capacity to produce 60,000 of PCC per annum. The Project is scheduled to go on stream by December 2011.

Industry opportunities: Paper industry is expected to grow at a CAGR of 8% during FY10-14 on back of healthy growth in the economy.

Governments thrust on education and growing economy will also act as a catalyst for the industry growth.On account of its low cost printing industry, India became a favorable destination for printing out sourcing projects.

The paper consumption in India is expected to increase as the per capital paper consumption is only 8kg as against world average of 56kg.


Recommendation

TNPL is expected to see a growth in its sales volume from third-fourth quarter this fiscal on account of significant capacity expansion scheduled to begin production in November this year. At CMP 140.80,the stock is trading at a forward P/E and Cash P/E of 6.7x and 3.5x on FY11E earnings. In addition, TNPL paid dividend of 45% in FY10 resulting in a dividend yield of 3.1%. The stock can be bought for a medium term target of 170 .

Use multiple Yahoo Msgr

Okay, if you wonder how to run two yahoo messenger, ie using yahoo messenger with multiple login or id here is the way to do it:

First… Click Start — Run — type in ‘Regedit’ — click Open. A new window will open. Browse ‘HKEY_CURRENT_USER’.

Then .. click ‘Software’ … click ‘Yahoo’ .. then click ‘pager’ ..

And lastly click ‘TEST’

Now you can see an icon ab with the name ‘default’ on the right column.

Right click on that screen ..

Click NEW – ‘DWORD value’ and name it as ‘PLURAL’.

Then .. double click on ‘PLURAL’ and modify it ..

Change the ‘Value data’ from 0 to 1. Click OK to close and it.

Now you can open as many yahoo messenger in your PC or computer.

good luck trying!

Live Twitter Chat : http://twitter.com/buzibiz

Read more »

Market outlook 08-10-2010

US Markets closed mixed.
Europe markets ended positive.
Asian markets are trading mixed.
Expect Indian Markets to open flat.
Nifty: (6186) Support 6100 and Resistance 6222.

INTRADAY BEEPS

BUY BINANI CEMENT TARGET 100 SL 93;
BUY MOTILALOFS TARGET 220 SL 207 ;
BUY TITAN TARGET 3500 SL 3375;
BUY CRESTANI TARGET 110 SL 100;
BUY MUNDRA PORT TARGET 188 SL 177;
BUY KFA TARGET 80 SL 74;
BUY HDIL TARGET 290 SL 280;
BUY CHOLA FIN TARGET 200 SL 185;
BUY CROMPTON GREAV TARGET 335 SL 325;

STOCK BEEPS

-Zee Entertainment goes ex-scheme of arrangement, new F&O contracts to be introduced
-Vivimed Labs board meet on October 9 to consider capital raising
-Indswift Labs postpones board meeting on warrant allotment to promoters
-Kalpataru Power to invest Rs 90 crore in JMC Projects via buying 43.5 lakh shares at Rs 207/sh ((JMC CMP: 226)) – Kalpataru is promoter with 53% stake, stake to go up to 61%
-Kalanithi Maran buys 5% more in SpiceJet, ups stake to 45%
-Government approves restructuring of SAIL's board.

Use multiple Yahoo Msgr

Okay, if you wonder how to run two yahoo messenger, ie using yahoo messenger with multiple login or id here is the way to do it:

First… Click Start — Run — type in ‘Regedit’ — click Open. A new window will open. Browse ‘HKEY_CURRENT_USER’.

Then .. click ‘Software’ … click ‘Yahoo’ .. then click ‘pager’ ..

And lastly click ‘TEST’

Now you can see an icon ab with the name ‘default’ on the right column.

Right click on that screen ..

Click NEW – ‘DWORD value’ and name it as ‘PLURAL’.

Then .. double click on ‘PLURAL’ and modify it ..

Change the ‘Value data’ from 0 to 1. Click OK to close and it.

Now you can open as many yahoo messenger in your PC or computer.

good luck trying!

Live Twitter Chat : http://twitter.com/buzibiz

Read more »

Market outlook 06-10-2010

US Markets closed higher.
Europe markets ended positive.
Asian markets are trading in green.
Expect Indian Markets to open positive.
Nifty: (6146) Support 6100 and Resistance 6250.

INTRADAY BEEPS


BUY ABAN TARGET 925 SL 880;
BUY INDUSIND BANK TARGET 290 SL 275;
BUY ESSAR OIL TARGET 150 SL 142;
BUY DCHL TARGET 140 SL 130;
BUY UCO BANK TARGET 130 SL 123;
BUY ABG SHIPYARD TARGET 280 SL 260;
BUY RUCHISOYA TARGET 140 SL 130;
BUY RNRL TARGET 43 SL 40;
BUY MLL TARGET 68 SL 60;
BUY NDTV TARGET 120 SL 112;

STOCK BEEPS

-Eros International Media IPO listing today
-Career Point Infosystems IPO listing today
-Cabinet okays divestment in SCI;Govt to sell 10%;to raise Rs 1,300;Govt's stake fall to 63.75% from 80%
-Actis PE Fund looking to sell entire 66% stake in Halonix
-OnMobile buys 3G Technology Solutions from Dilithium Networks
-Confidence Petro – board approves fund raising upto Rs 500 crore
-Godrej Properties signs Development Agreement with Bombay Footwear to develop a plot of land admeasuring 5442.10 square metres located at Village Deonar, Chembur
-Cox & Kings – FII limit upped to 74%
-Hanung Toys denies 1:1 bonus news
-Cabinet okays 2 years extension of BSNL, MTNL order quota for ITI
-Wyeth Board meets today on results
-Sadbhav Engg Board meets today on stock split
-Pfizer Board meets today on results
-JMC Pdt-Board meets today to consider fund raising plans
-Ind Swift Labs Board meets today to consider allotment 80 lakh zero coupon convertible warrants to promoters

IPO LISTING :

Career Point Infosystems Ltd - IPO Listing Detail

Listing Date: Wednesday, October 06, 2010
NSE Symbol: CAREERP
Listing In: 'B' Group of Securities
ISIN: INE521J01018
Issue Price: Rs. 310.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Eros International Media Limited IPO Shares Listing Detail

Listing Date: Wednesday, October 06, 2010
NSE Symbol: EROSMEDIA
Listing In: 'B' Group of Securities
ISIN: INE416L01017
Issue Price: Rs. 175.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Use multiple Yahoo Msgr

Okay, if you wonder how to run two yahoo messenger, ie using yahoo messenger with multiple login or id here is the way to do it:

First… Click Start — Run — type in ‘Regedit’ — click Open. A new window will open. Browse ‘HKEY_CURRENT_USER’.

Then .. click ‘Software’ … click ‘Yahoo’ .. then click ‘pager’ ..

And lastly click ‘TEST’

Now you can see an icon ab with the name ‘default’ on the right column.

Right click on that screen ..

Click NEW – ‘DWORD value’ and name it as ‘PLURAL’.

Then .. double click on ‘PLURAL’ and modify it ..

Change the ‘Value data’ from 0 to 1. Click OK to close and it.

Now you can open as many yahoo messenger in your PC or computer.

good luck trying!

Live Twitter Chat : http://twitter.com/buzibiz

Read more »

STOCK BEEPS 05-04-2010

-Microsec Financial listing today, issue price at Rs 118/share
-Financial Tech sells 1.86 million shares of Indian Energy Exchange at Rs 115.4/sh
-IVRCL Assets to issue 11.63 million shares on preferential basis at Rs 129/sh
-Manappuram General board approves fund raising up to Rs 1000 crore via QIP
-Sterling Biotech makes full Redemption of USD 175 million FCCB due 2010
-Adani Enterprises may make A$ 2 billion bid for Port of Brisbane that is been privatized
-SEBI unlikely to clear Vedanta open offer for Cairn India till govt clears the deal
-Aurobindo likely to sign another out licensing deal with a MNC
-RIL Crude output drops 31%, company to raise USD 1 billion via bonds
-Piramal Health planning to merge Piramal Life Sciences into itself
-Mahindra Life buys 2 plots from group co to build homes
-BT in fresh talks to sell Tech Mahindra stake
-Diamond Jewellery demand surges, high end jewellery demand up 50% yoy
-Global update: Sanofi launches USD 18.5 billion hostile bid for Genzyme
-Ruchi Strips board allots 1.1 crore shares at Rs 5.4/sh
-BP reviewing ONGC offer for BP's upstream assets in Vietnam
-SKS Microfinance Board appointed M R Rao as CEO of SKS

Use multiple Yahoo Msgr

Okay, if you wonder how to run two yahoo messenger, ie using yahoo messenger with multiple login or id here is the way to do it:

First… Click Start — Run — type in ‘Regedit’ — click Open. A new window will open. Browse ‘HKEY_CURRENT_USER’.

Then .. click ‘Software’ … click ‘Yahoo’ .. then click ‘pager’ ..

And lastly click ‘TEST’

Now you can see an icon ab with the name ‘default’ on the right column.

Right click on that screen ..

Click NEW – ‘DWORD value’ and name it as ‘PLURAL’.

Then .. double click on ‘PLURAL’ and modify it ..

Change the ‘Value data’ from 0 to 1. Click OK to close and it.

Now you can open as many yahoo messenger in your PC or computer.

good luck trying!

Live Twitter Chat :http://twitter.com/buzibiz

Read more »