Monday, October 11, 2010

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.


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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
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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 >>

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