29 Jan 2010 Morning Updates

As a habit, our market will open down and retest 4824 mark and afterwards will remain quiet and rangebound between 4820 and 4870.RBI policy will be announced today at 12 O'clock and definitely it will surprise market and later on market will surprise us for sure.Our expectations are RBI may hike CRR by 25 basis points.



Recommendations :
Buy in dips :

Ibrealest
Crompgreaves
Welguj
HDFC
Titan
Siemens
Sesagoa
Sell :
Axisbank
Lupin
ACC
Prajind
Aban
Results today:
Largecaps: Siemens, Tata Motors, Sun Pharma, NTPC, Glenmark Pharma, IOC, Lupin, MTNL, NHPC, Orchid Chem, PTC India, Rel Infra, RPOWER, Titan, Tata Comm
Midcaps: ABG Shipyard, Balramchini, Deccan Chronicle, Harrisons Mal, Kalpataru Power, Karur Vysya Bk, , Kolte Patil, Karnataka Bk, Moser baer, Sasken Comm, Sobha Dev, STC, RNRL, Tata chem, Purvanakra, RCF, Divis Lab, DS kulkarni, Educomp, Apollo tyres, Pipavav Ship Aditya Birla Nuvo, Alok Ind, Amtek Auto, Amtek India, Anant Raj Ind, Archies, Arvind, Ashapura Minechem, Assam Co, Astra Micro, BILT, BEML, Berger Paints, bilcare, Bombay rayon, Chennai Petro, Cinemax, Core projects, DCW, Dharani Sugars, Eastern Silk, Easun Reyrolle, Esse Propack, Euro Multivision, Fin tech, Gateway Distri, GHCL, EID Parry, GE Ship, Cotton Greaves, Gulf oil corp, HBL Power, HEG, Hitachi, ICSA, JaiBalalji, Info Edge, Karutri Global (also for fund raising), KNR Const, KS oils, Lok housing, LT foods, Man Aluminium, Marg, Max India, Mc Nally Bharat, Meghmani Org, MMTC, Nat fert, Nesco, NEPC Ind, Nitco, Omaxe, Panacea Biotech, Plethico Pharma, P&G, PSL, PVR, Raj oil, Rane Hldg, Rico Auto, Rel MediaWorld, Ruchi infra, Sejal Arch, Shopper Stop, Simplex Infra, Sterling Hot & Resorts,Sundaram Fast, Surana Tele, Taj GVK, tantia Const, thinksoft, Vakhrangee Soft , valecha, Varun Ship, Vishal Ret, Vivimeds labs, Voltamp Trans, Alkali Metals, GHCL, GNFC, onmobile global, uflex,


Lupin
Lupin gets US FDA nod to market Perindopril Erbumine Tablets
CNBC-TV18 Alert: Perindopril Erbumine used to treat Congestive Heart failure & hypertension
IPO cormer:
DB realty
Opens today to February 2nd; price band of Rs 468-486/share
Company sells 55.55 lakh shares to anchor investors at Rs 468/sh: srcs
Anchor Investors Including Janus, Reliance MF, Pru Insurance: srcs
Aqua Logistics (was to close yest – deferred closing to 2nd Feb)
Price band revised to Rs 200-220 from earlier 220-230
QIB at 0.1 times (X); NII at 0.72X, Retail at 1.41X
Thangamayil Jewellery (closes today)
QIB at 0.2X, NII at 0.81X, Retail at 0.59X, Employee at 0.19X
Syncom Healthcare (closes today)
QIB at 0.46X, NII at 1.13X, Retail at 0.97X
Vascon Engineers (closes today)
QIB at 0.93X, NII at 0.38X, Retail at 0.11X, Employee at 0.19X
HUL
HUL cuts detergent prices by 10-30%: EXCL
Rin Washing Powder price cut from Rs 70 to Rs 50; Surf Excel Blue prices cut from Rs91 to Rs82 for 500g
Cairn India Q3
Consolidated net sales at Rs 495.46 crore versus Rs 210.82 crore (YoY)
Cons net profit at Rs 290.96 crore versus Rs 236.42 crore (YoY)
Tata Steel Says:
Q3 margins boosted from high volumes, cost cutting efforts
Steel prices need to move up to maintain margins
Realisations low compared to last year:
Focussing on cost reduction via product mix improvement
Sitting on liquidity of over Rs 4,000 crore; to be used for capex & capital projects
Paid net debt of Rs 1,800 crore between September-December; paid another Rs 1,000 crore of debt in January
Corus Q3 capacity utilisation above 80%; expect q4 utilisation to increase
Still in talks with Teesside Union; will decide by February 16
To commission Jameshdpur plant by October-December 2011
Cipla Q3:
Net sales at Rs 1,344.2 crore versus Rs 1,264.3 crore (YoY)
Net profit at Rs 289 crore versus Rs 223.4 crore (YoY)
Cipla Says:
Margin at 26.2%
Q3 exports up 6%
Forex loss of Rs 24 crore in Q3
EU Inhaler launch on track; completely regulatory work
JSPL (Jindal Steel & Power) Q3:
Cons net sales at Rs 2,675.3 crore
Cons net profit at Rs 874.4 crore
Standalone net sales at Rs 1,757.57 crore versus Rs 1,780.01 crore (YoY)
Standalone net profit at Rs 325.62 crore versus Rs 325.17 crore (YoY)
Other stocks that are in news today :
Indian ADRs: MTNL down 5.4%, Sterlite down 4.5%, Infosys down 3.8%
UCO Bank board meet tommorrow to raise 6 crore shares via FPO/QIP
SREI Infra to merge with Quippo, post merger promoter holding to go up to 46% from current 30% -- merger ratio 3 shares of SREI for 2 shares held in Quippo – Mint
Pidilite Industries approves bonus of 1:1
REC follow-on offer on February 19
Asim Dasgupta says: GST not from April 1, 2010
Andhra Cements has been Discharge from the purview of SICA / BIFR
Bajaj Hindustan out of NSE F&O ban
Kaveri Seed board approves setting up wholly owned subsidiary to undertake business of Agriculture activities
FII can invest upto 74% of their total paid up capital
Rasoi Ltd open offer at Rs 315/share
F&O cues:
Nifty up 0.3%
Nifty Feb Futures trade at 5-pt prem
Nifty Open Int PCR at 1.13
Nifty Puts add 28.5 lakh, Calls add 40.2 lakh shares in Open Int
Nifty Feb 4900 Put adds 10.9 lakh shares in Open Int
Nifty Feb 4800 Put adds 8.9 lakh shares in Open Int
FIIs in F&O on January 28
Net buy Rs 1,590 crore in Nifty Futures
Net sell Rs 693 crore in Nifty Options
Net buy Rs 1,089 crore in Stock Futures
Net buy Rs 82 crore in Stock Futures
US Markets : US stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.
US stocks dropped on Thursday as poor outlooks from Motorola and Qualcomm dented optimism in the technology sector while worries about Greece's fiscal health dragged on sentiment.The Dow Jones industrial average fell 115.70 points, or 1.13%, to end at 10,120.46. The Standard & Poor's 500 Index lost 12.97 points, or 1.18%, to 1,084.53. The Nasdaq Composite Index declined 42.41 points, or 1.91%, to close at 2,179.00.
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 perrformance 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.


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