Thursday, April 29, 2010

29 April 2010 Intraday Calls

29 April 2010 Morning Market Updates :
Market opened positive and will remain positive for the whole day.Unexpected inflation figures could only drag the market to negative.
Recommendations :
Hold Long BPCL Ref.28/04
Buy Cairn Above 305 sl 302 Target 311

Hold Long Cipla Ref.28/04 Trail sl 333 Target 340

Buy M&M Above 528 sl 523 Target 536

Buy SBIN sl 2212 Target 2254 / 2272

Buy RNRL sl 65 Target 69

Buy Gipcl sl 116 Target 120


Sell Banknifty Fut Below 9574 sl 9656 Target 9468

Sell Infosystch Below 2692 sl 2715 Target 2666

Sell LT sl 1602 Target 1578

Sell Relinfra Below 1108 sl 1118 Target 1092

Sell Rpower Below 157 sl 159 Target 155

Sell Unitech sl 80.75 Target 77.5

Sell Glenmark sl 267 Target 256

Sell Ibrealest Around 165 sl 168 Target 158

Sell Indhotel sl 107.5 Target 102

Stocks in News :

Results Today: Siemens, Ultratech Cement, Ashok Leyland, Bata India, Biocon, Cadila Health, Ceat, CESC, Hanung Toys, HCL Infosystems, Hexaware Tech, Indiabulls Real Estate, ING Vysya Bank, IOB, KEC Intl, Mahindra Holiday, Mahindra Ugine, MRF, NELCO, Oriental Bank, Parsvnath Developer, Phoenix Mills, Puravankara Project, Thomas Cook, United Phosphorous, Ajmera Realty, Andhra Bank



IPO update

-Jaypee Infratech IPO opens today, offer for sale of 6 crore shares along with fresh issue of Rs 1650 crore at a price band of Rs 102-117/share

-Satluj Jal IPO opens today, issue of 41.5 crore shares at Rs 23-26/share

-Tarapur Transformers IPO closes, final subscription 1.7 times

-Mandhana IPO closes today, subscribed 1.6 times

VCCircle exclusive: sources

-Petronas Front-Runner to buy stake in franchisee Kings XI

-Petronas Front-runner to buy 26%-49% stake

-Petronas & Preity Zinta may emerge as major shareholders

VCCircle Alert: Petronas is a Malaysian energy major

-Ness Wadia may look at exiting Kings XI

-Burmans may significantly pare holding or exit

-Petronas likely to buy part of stake held by Burmans

Other stocks and sectors that are in news today:

-HDFC: Board to consider stock split on May 3

-Marg closes QIP yesterday, receives bids for 56.3 lakh shares @ Rs 189.8/share

-NHPC signs MoU with SJVN & Government of Manipur for implementation of 1500 MW Tipaimukh Hydroelectric

-Kamat Hotels: mulls a board meet on April 30 for revision of FCCB into equity

-Deep Industries board approves fund raising up to Rs 125 crore ( via QIP/FCCB)

-Philip Carbon closes QIP offering , Price of QIP at Rs.200/share

-Board Meet: Zee board meets for details of 9x acquisition

-AT&T says: Will maintain vendor relations with Tech Mahindra despite divesting shares

-Tata, Actis to roll out USD 2 billion JV for road projects – ET

-Infra company ECB norms may be eased – ET

-Sanofi recalls suspect vaccine after WHO found it unsuitable – ET

-Govt mulling 100% FDI in defence – BS

-SEBI drops legal option on ULIPS, IRDA may approach govt again – BS

-JET may lose Bandra_kurla plot for failure of payment – FE

-Govt bans import of Chinese telecom equipment – BL

-Auto co may soon loose import tariff protection – BL

-DBS files winding up petition against Vishal Retail – Mint

Eicher Motors Q4 (cr - crore, vs - versus)

-Net profit at Rs 40.2 Cr Vs Rs 15.8 Cr (YoY)

-Net sales at Rs 1,038 Cr Vs Rs 592 Cr (YoY)

MindTree Q4:

-Cons net sales at Rs 344.4 cr Vs Rs 331.9 Cr (QoQ)

-Cons net profit at Rs 54.5 Cr Vs Rs 53.8 Cr (QoQ)

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Balaji Tele Q4FY10 YoY

-Revenue at Rs 44.7 cr vs Rs 53 cr (down 15.6%)

-PAT of Rs 3.38 cr vs Loss of Rs 14.6 cr

Lanco Industries Q4

-Sales at Rs 159 cr vs Rs 177 cr

-PAT at Rs 12.4 cr vs Rs 5.14 cr

-Foreign exchange gain of Rs 2.3 cr Vs loss of Rs 10.4 cr

Consumption of raw material down to Rs 83.3 cr Vs Rs 106.9 cr

Alstom Projects

-Sales at Rs 619.2 cr vs Rs 809.26 cr (down 23% YoY)

-PAT at Rs 47.6 cr vs Rs 26.19 cr (up 82% YoY)

-EBITDA margins expanded by 600bps at 11.92%

-Raw material expenses at 66% vs 76 % of Sales (YoY)

-Other expenditure at Rs 557cr (Down 28% YoY)

-India revenues at 71%, Outside revenues at 28%

Shopper Stop Q4

-Sales at Rs 422.9 cr vs Rs 352 cr (up 20% YoY)

-PAT at Rs 16.4 cr vs Rs 8.32 cr (up 197% YoY)

Raj Television Q4

-Sales at Rs 14.17 cr vs Rs 19.49 cr (down 27% YoY)

-Loss of Rs 4.77 cr vs loss of Rs 3.08 cr (YoY)

Essel Propack Q4

-Sales at Rs 301.2 cr vs Rs 323 cr

-PAT at Rs 8.7 cr vs loss of Rs 5.1 cr

Heidelberg Cements Q4

-Sales at Rs 267.8 cr vs Rs 254.4 cr

-PAT at Rs 40.25 cr vs Rs 48.8 cr

GHCL Q4:

-Net profit at Rs 63 Cr Vs Rs 25 Cr

-Net sales at Rs 347.3 Cr Vs Rs 313 Cr



F&O cues:


Stock futures shed 4.5 crore shrs in Open Int

Futures Open Int down by Rs 1554 crore, Options Open Int up by Rs 11 crore

Nifty futures add 10 lakh shares in total Open Int

Nifty Apr, May futures at 1-pt premium

Nifty Open Int PCR at 1.24 versus 1.38

Nifty Puts shed 38 lakh shares in Open Int

Nifty Calls add 36 lakh shares in Open Int

Nifty Apr 5300 Put sheds 34 lakh shares in Open Int

Nifty Apr 5200 Put sheds 23 lakh shares in Open Int

Nifty Apr 5200 Call adds 13 lakh shares in Open Int

Nifty May 5200 Call adds 11 lakh shares in Open Int

FIIs in F&O on April 28

Net sell Rs 864 crore in Nifty futures, Open Int up 46,809 contracts

Net buy Rs 603 crore in Nifty options, Open Int up 43,719 contracts

Net sell Rs 924 crore in Stock futures

We apologize for the delay of publishing this blog.
Discalimer: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 an informative. 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 Buy or Sell or a solicitation to Buy or Sell any security. The information contained in this report other than recommendations 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, business associates, 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 as the market related investments are subject to market risk and volatility. 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 and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / 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 and / or after to publication.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained.

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