17 May 2010 Intraday Calls

17 May 2010 Morning Market Updates  08:50
Today market will open gap down as global markets are trading weak.Nifty has a support at 5010 and 4970-4950
Breach of 4950 on closing basis, market will be bearish.
Intraday Calls :
Follow Buy Calls in Positive market bias and v.v.

Buy ACC sl 887 Target 905

Buy IDFC Above 167 sl 164 Target 172
Buy ITC sl 266 Target 272
Buy ONGC Above 1050 sl 1042 Target 1059
Buy Relinfra Above 1028 sl 1021 Target 1041
Buy Crompgreav Above 254 sl 251 Target 260/264
Buy HDIL Above 260 sl 254 Target 266/271
Hold Long OFSS Ref.14/05 Trail sl 2114 Target 2141

Sell HDFCBank Below 1950 sl 1965 Target 1932
Sell Hindunilvr sl 237 Target 230
Sell Reliance sl 1056 Target 1025
Sell Colpal sl 735 Target 727
Results Today: Gail India ,Karnataka Bank ,L&T Godrej Prop ,JK Paper ,Mundra Port ,NTPC ,SEL Mfg Company ,Titagarh Wagon,Whirlpool

Board Meet: Mundra Port : Board meet for stock split
RCOM Q4FY10(QoQ)
Revenues: Down 6.3% from Rs 5309 cr to Rs 4974.4 cr
EBIDTA: 30.79% vs 34.14%
Net Profit: Up 10.13% from Rs 1107.7 cr to Rs 1220 cr
DLF Q4
Sales at Rs.1994.4cr vs Rs.1122.3cr ( up 78% YoY, Down 2% QoQ)
Adjusted PAT at Rs.426cr vs Rs.158cr ( up 169% YoY , down 9% QoQ)
Rel Infra Q4
Sales at Rs.2643cr vs Rs.2409.24cr (up 9.7% YoY)
PAT at Rs.251cr vs Rs.346cr ( Down 27% YoY)
Q4'FY09 had tax write back of Rs.71cr vs tax payments of Rs.31cr
Nalco Q4
Sales at Rs.1625.9cr vs Rs.1125.6cr (up 44% YoY)
PAT at Rs.391cr vs Rs.83.02cr (up 370% YoY)
Note : Q4'FY09 numbers were exceptional due to cost overuns & high inventory , but still Q4'FY10 have beat estimates)
Videocon Q4
Sales at Rs.2840cr vs Rs.2214cr (up 28% YoY)
PAT at Rs.149cr vs Rs.72.98cr (up 104% YoY)
RNRL Q4
Sales at Rs.298.3cr vs Rs.270cr (up 9% YoY)
PAT at Rs.90.7cr vs Rs.71.5cr (up 25% YoY)
Oswal Chem Q4
Net Sales At Rs 64 Cr~Vs Rs 38.9 Cr
Net Loss At Rs 7.7 Cr~Vs Net Profit Of Rs 84.1 Lk
Hindustan Copper Q4
Sales at Rs.409.7cr vs Rs.344.7cr (up 19% YoY)
PAT at Rs.91cr vs Rs.4cr (up 2150% YoY)
EBITDA margins at 27.5% vs 1% (yoy)
Shiv Vani Oil Q4
Sales at Rs.299.4cr vs Rs.234cr (up 27.7% YoY)
PAT at Rs.46.7cr vs Rs.30.8cr (up 52% YoY)
Deccan Chronicle Holding Q4
Sales at Rs.191.6cr vs Rs.180.2cr (up 6% YoY)
PAT at Rs.6.5cr vs Rs.8.15cr (down 20.2% YoY)
Prime Focus Q4
Sales at Rs.29.8cr vs Rs.19.54cr (up 52% YoY)
PAT at Rs.7.3cr vs Loss of Rs.5.4cr (YoY)
Berger Paints Q4
Sales at Rs.434cr vs Rs.350cr ( up 24% YoY)
PAT at Rs.28.17cr vs Rs.21.49cr (up 31% YoY)
LML Q4

Sales at Rs.50.2cr vs Rs.40.4cr (up 24% YOY)
Loss of Rs.5.3cr vs Rs.7.3cr
Supreme Infra Q4
Sales at Rs.171.8cr vs Rs.145.2cr ( up 17.9% YoY)
PAT at Rs.11.02cr vs Rs.5.8cr (up 86% YoY)
Monsanto Q4
Net Sales At Rs 28.3 Cr Vs Rs 5.9 Cr
Net Loss At Rs 8.5 Cr Vs Net Loss Of Rs 26.7 Cr
Other stocks and sectors in the news today:
ABB Voluntary Open offer at Rs 900/sh (CMP RS 673) , Parent co aims to up stake to 75% post open offer
Videocon Industries : Board approves fund raising upto Rs.2161cr via Equity Instruments (Rs.1000cr via QIP , Issue Rs.1000cr via ADR or GDR, Rs.161cr via prefrential allotment)
JSPL Drops Plans To Buy Oman's Shaheed Iron & Steel Co
Tulip Telecom : Approves Stock Split in ratio of 5:1
Glenmark : Phase IIb study for Oglemilast (with Forest) in asthma does not meet its primary endpoint
Asian Hotels : Company approves Fund raising for expansion plan
Ramco Systems : Board Meet To Mull Rights Share Issue On May 24
JSW Steel buys 9 US mines for $200-250m
Mukesh Ambani sees crude heading towards $100
Apollo Hospital to hive off retail pharma biz
Usha Martin eyes bigger pie in realty, education sector
Madhucon Projects arm IPO put off for a year
Jindal Power IPO by June end
GMR sets sight on Maldives airport revamp
Essar’s BPO arm Aegis to buy Avaya Global Connect
No single vendor may get more than Rs 30 cr UID project


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