Asian Markets :
Bajaj Hindusthan Q1:Standalone net sales at Rs 615.4 crore versus Rs 359.95 crore,Net profit at Rs 85.2 crore versus net loss of Rs 55.9 crore
See retail sugar prices at Rs 50/kg in June-September
See cane price rising up to Rs 300
Not in talks to buy Balrampur Chini
Doing technical due diligence of 2 South African coal mines
Divestment update:
NTPC to file DRHP on January 11; NTPC FPO to hit markets in 2nd week of February
REC to hit markets just before budget, issue between February 19-23
NMDC to hit markets around March 9-12 and file DRHP on January 25
Maytas Infra:
Company received Rs 800 crore highway order from IL&FS Transport
Company plans to concentrate on oil, gas, pipeline projects
Company to present CDR proposal next week; SBI Caps Advisor
Company has time till June to present balance sheet; to tap equity investors when Balance Sheet ready
FM Says:
Union Budget to be tabled in Parliament on February 26
Unlikely that constitutional amendment bill on GST will be tabled in budget session
Bharti: NOC for acquisition of Warid received from Bangladesh government
Working at finalizing acquisition; hope to make an announcement soon
Airtel seeing solid growth; subscriber additions at 3 million per month
British Airways : British Airways to introduce $600 million IT contract by April 2010; likely to span across 6 years and Infosys, TCS, HCL, Wipro, Igate & Polaris likely bidders.
Kinetic Motors:
Net sales at Rs 15.7 crore & net profit at Rs 97.6 crore (change of accounting year; hence no comparable figures)
Exceptional gain of Rs 97.4 crore mainly on sale of assets
Vintage Cards Q3 : Net sales at Rs 10.7 lakh versus 37.2 lakh
Net loss at Rs 58.4 lakh versus loss of 181.9 lakh
Board meets today:
FCS Software on bonus
DS kulkarni to consider further issue of capital
Forthcoming board meets:
Excel Infoways on January 14th for fund raising
Asian Tea on January 12th for acquisition of 100% shares of M/s. Sarita Nupur Vyapaar Pvt. Ltd
DLF to split into 3 organizational units, Devco - to manage real estate development, Rentco – to have rent-yielding assets & Holding firm – FE
Indian ADRs:
Satyam up 4.25%
Govt removes restrictions on import of hot-rolled steel: PTI
Govt notifies 15-month extension for sugar export obligation: NW18
Huawei eyes 3 factories of ITI
Natco Pharma to launch cancer drug as Min stays DCGI order – ET
Pipavav Shipyard: Contract worth $36 million cancelled
Sterling international raised $26.25 million via GDR
Novartis gets patent for cancer drug Nilotinib, a superior version of blood cancer drug Gleevec – BS
Energy Development Company bags order worth Rs 56.7 crore
Disclaimer :
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
SGX Nifty : + 22(5281)
Hang Seng : +320(22616.75)
Nikkei : +116.66(10798.32)
Asian stock markets have opened higher on Monday, after major indices on Wall Street finished at 15-month closing highs as investors looked past weaker than expected jobs data.
Australian stocks rose 0.7 percent to a fresh 15-month high, boosted by resource firms on firmer oil and gold prices and stronger-than-expected data on Chinese imports.
Chinese data on commodity imports and exports for December beat all expectations and pointed to fresh momentum in the global economic recovery, with iron ore imports the second-highest on record.
The benchmark S&P/ASX 200 index [AU;XJO 4950.8 38.669 (+0.79%) ] rose 32.5 points to 4,944.60, the highest intraday level since Sept 25, 2008, following four straight weeks of gains.
About Nifty :
On the higher level like 5300, Nifty seen a selling pressure. If that level will be crossed with a good volumes, we think market will touch 5365-5410
Recommendations :
Asian stock markets have opened higher on Monday, after major indices on Wall Street finished at 15-month closing highs as investors looked past weaker than expected jobs data.
Australian stocks rose 0.7 percent to a fresh 15-month high, boosted by resource firms on firmer oil and gold prices and stronger-than-expected data on Chinese imports.
Chinese data on commodity imports and exports for December beat all expectations and pointed to fresh momentum in the global economic recovery, with iron ore imports the second-highest on record.
The benchmark S&P/ASX 200 index [AU;XJO 4950.8 38.669 (+0.79%) ] rose 32.5 points to 4,944.60, the highest intraday level since Sept 25, 2008, following four straight weeks of gains.
About Nifty :
On the higher level like 5300, Nifty seen a selling pressure. If that level will be crossed with a good volumes, we think market will touch 5365-5410
Recommendations :
Buy :
Gulfoilcor sl 103 Trg 113
GVKPIL sl 48 Trg 54
Seamecltd sl 221 Trg 240
FCH sl 222 Trg 236
Conditional :
Oil abv 1272 sl 1240 Trg 1300-1319
HCL Tech abv 352
HDFCBank abv 1728
Herohonda abv 1680
Jindalstel at declines around 698-707 sl 694
Pateleng at declines
Watch :
MAX bounceback expected
Jindalswhl at 1730-1760
Unitech
Results today: Exide, Dhampur Sugar, Bihar tubes, Geojit BNP
Bajaj Hindusthan Q1:Standalone net sales at Rs 615.4 crore versus Rs 359.95 crore,Net profit at Rs 85.2 crore versus net loss of Rs 55.9 crore
See retail sugar prices at Rs 50/kg in June-September
See cane price rising up to Rs 300
Not in talks to buy Balrampur Chini
Doing technical due diligence of 2 South African coal mines
Divestment update:
NTPC to file DRHP on January 11; NTPC FPO to hit markets in 2nd week of February
REC to hit markets just before budget, issue between February 19-23
NMDC to hit markets around March 9-12 and file DRHP on January 25
Maytas Infra:
Company received Rs 800 crore highway order from IL&FS Transport
Company plans to concentrate on oil, gas, pipeline projects
Company to present CDR proposal next week; SBI Caps Advisor
Company has time till June to present balance sheet; to tap equity investors when Balance Sheet ready
FM Says:
Union Budget to be tabled in Parliament on February 26
Unlikely that constitutional amendment bill on GST will be tabled in budget session
Bharti: NOC for acquisition of Warid received from Bangladesh government
Working at finalizing acquisition; hope to make an announcement soon
Airtel seeing solid growth; subscriber additions at 3 million per month
British Airways : British Airways to introduce $600 million IT contract by April 2010; likely to span across 6 years and Infosys, TCS, HCL, Wipro, Igate & Polaris likely bidders.
Kinetic Motors:
Net sales at Rs 15.7 crore & net profit at Rs 97.6 crore (change of accounting year; hence no comparable figures)
Exceptional gain of Rs 97.4 crore mainly on sale of assets
Vintage Cards Q3 : Net sales at Rs 10.7 lakh versus 37.2 lakh
Net loss at Rs 58.4 lakh versus loss of 181.9 lakh
Board meets today:
FCS Software on bonus
DS kulkarni to consider further issue of capital
Forthcoming board meets:
Excel Infoways on January 14th for fund raising
Asian Tea on January 12th for acquisition of 100% shares of M/s. Sarita Nupur Vyapaar Pvt. Ltd
DLF to split into 3 organizational units, Devco - to manage real estate development, Rentco – to have rent-yielding assets & Holding firm – FE
Indian ADRs:
Satyam up 4.25%
Govt removes restrictions on import of hot-rolled steel: PTI
Govt notifies 15-month extension for sugar export obligation: NW18
Huawei eyes 3 factories of ITI
Natco Pharma to launch cancer drug as Min stays DCGI order – ET
Pipavav Shipyard: Contract worth $36 million cancelled
Sterling international raised $26.25 million via GDR
Novartis gets patent for cancer drug Nilotinib, a superior version of blood cancer drug Gleevec – BS
Energy Development Company bags order worth Rs 56.7 crore
This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
No comments:
Post a Comment