Monday, January 25, 2010

Morning Updates 25 Jan 2010

25 Jan 2010  09:57
Nifty will open around 5000 mark and trade between 4970 to 5040.The European market will decide the movement in the last session for our markets.
It is advisable to follow Buy recommendations in positive bias than the negative & v.v.
Recommendations :
Buy :
Idea sl 60  Trg 64
Auropharma sl 896  Trg 924 (positional)
TTML sl 25.5  Trg 32 (Med Term hold)
Jindalsaw sl 190  TRg 199
Bhel sl 2362  Trg 2424 (Abv 2387)
DLF 348  Trg 359
HDFC (Buy at declines)
Lupin sl 1417 Trg 1446 / 1455
Maruti sl 1442  Trg 1473
Petronet sl 77  Trg 82
Sell :
Abb sl 815  Trg 788
Ambuja sl 107.5  Trg 102
Axisbank sl 1046  Trg 987 
Cumminsind sl 439  Trg 433 
Finantech sl 1580  Trg 1533 
Rcom sl 184  Trg 177
Mcleodruss sl 259  Trg 249
Onmobile sl 433  Trg 379
Rolta sl 191  Trg 177(Positional)
Bajajhldng sl 601  Trg 577(Positional)
Ultracemco sl 923  Trg 880(Positional)
Essaroil sl 143  Trg 134
Aban sl 1351  Trg 1298 / 1248(Positional)
Sail sl 231  Trg 213
Lichsgfin sl 804  Trg 784
Yesbank sl 265  Trg 249(Positional)
Canbk sl 396  Trg 382(Positional)
Jisljaleqs sl 840  Trg 804
OFSS sl 2263  Trg 2204(Below 2250)
NTPC sl 226  Trg 215
Videoind sl 238  Trg 228
Stocks in News :
Results today: SBI, Hero Honda, M&M, Hindalco, Sterlite, HCL Tech, Power Grid,  Godrej Ind, Gujarat Alk, Jet, Voltas, Wockhardt, Aarti Drugs, Alembic, Allcargo, Andhra Bk, blue star, C&C Const, Cadila Health, Cummins, DB Corp, Deepak Fert, Electrotherm, GSK Cons, Himatsingka Seide, Hotel Leela, India Cem, IndiaBulls Fin, Indiabulls Sec, Jyoti Structures, KEC intl, Liberty Shoes, LIC Hsg fin, Mirza Intl, Nelco, Oriental Hotels, Pantaloon retail, Redington, Repro Ind, Shanthi gears, Shasun Cem, Shriram EPC, Supreme Petrochem, Tantia Const, Tata Coffee, Tata Teleserv, TV today , Zydus Wellness, GSPL, Kanoria Chem, Lloyds Steel, Nelco, SPIC,       
Indian Cell companies may levy call centre charge
Operators have sought TRAI for nod to levy charge: Srcs
Levy may begin soon, post TRAI nod: sources
Calls to help centres free till now
Call Centre charging followed by many telcos overseas



Grasim Q3: good quarter; higher cement, VSF volumes and lower input prices drive growth
Revenues up 4% at Rs 4788.35 crore versus Rs 4587.86 crore
PAT up 41% at Rs 795.70 crore versus Rs 565.30 crore
OPM at 29% versus 21%
Grasim Says:
Industry may see surplus scenario in 18-24 months; may put pressure on margins
Demand likely to grow over 10% on govt initiatives
Need to add 25 mt over 5 years to maintain market share
To focus on volumes, cost to partly offset margin pressure
Q3 VSF output up 58%, capacity utilisation at 98%
Cement operationss demerger to Samrudhhi to be complete by March
Aim to complete UltraTech, Samrudhhi Cement merger by July
Plan to set up 80,000 t VSF plant at Vilayat, Gujarat
New VSF Gujarat plant's estimated cost at Rs 1,000 crore; likely to be commissioned by FY13
China JV VSF capacity to double to 70,000 t/yr By March
Promoters hike stake in Grasim via creeping acquisition to 25.19% - TOI

Tech Mahindra Q3
Consolidated net profit at Rs 172.8 crore versus Rs 168.95 crore (QoQ)
Consolidated net sales at Rs 1187.3 crore versus Rs 1,141.80 crore (QoQ)
Topline includes Rs 150 crore of refund from BT
Seen pressure on BT side of biz; constitutes 46% of sales currently
Derived 30% of q3 revenue from North America; 56% from Europe
Got Rs 967 crore in q3 as contract recast fees; used recast fees to repay debt of Rs 450 crore
Company's debt at Rs 1,744 crore as of December 31
Q3 employee utilisation at 73%; like to operate at 75% utilisation
Attrition in Satyam stopped; in position to get into tiny biz

Essar Oil Q3: GRM’s lower than expectation
Revenue up 18.5% at Rs 9958 crore versus Rs 8405 crore
OPM at 2.22% versus EBITDA loss of Rs 748 crore
Net loss of Rs 226 crore versus loss of Rs 1230 crore
-Processed 3.51 m tonne crude in Oct-Dec; up 9.3%
-Oct-Dec gross refining margin at $ 2.21/bbl
-See refining margins firming up

Other stocks that are in news today:
Indian ADRs: Patni, Wipro dn 4.5%
December Infrastructure sector growth at 6% versus 0.7% (YoY)
India to receive USD 770 million World Bank loan - govt
DLF to exit their asset management JV with Pru Fin 
Jaiprakash Hydro board meet today to raise funds
Renuka board meet to consider bonus issue
Aban and Ispat in NSE F&O curb
Usha Martin raises Rs 468 crore Via QIP
Wockhardt sells 18 acres in Mumbai to Runwal for Rs 200 crore
DoT may ask
Bharti and Tata Communications to end their contract with Singtel which was alleged offering ILD without a licence – BS
Govt orders SFIO probe into
Austral Coke – BS
NMDC profit down 40% to Rs 860 crore – Agencies
Ceekay Daikin open offer at Rs 178.5/share
PVR-DT Cinema deal called off on differences over valuations – FE
HC refuses to stay CLB stay on
GTC, asked CLB to pass a Judgment by Feb 12 – DNA
JK Paper board approves investment of Rs. 1450-1500 Crores, for setting up of a new pulp mill of 2,00,000 tonnes per annum and paper capacity of 150,000 tonnes
Sintex to reopen 2 US plants – DNA
No circuit filter on Mudit Finlease Ltd


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.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.
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