23 August 2010 Recommendation

23 August 2010 Morning Market Updates :

Recommendations :

Buy	Abb		Abv	784	sl	778	T	795
Buy	Cipla		Abv	315	sl	312	T	320
Buy	Jindalstel		Abv	693	sl	688	T	700/712	P
Hold Long	LT				sl	1863	T	1883
Buy	Reliance		Abv	992	sl	982	T	1004
Buy	Ster		Abv	161	sl	158	T	167
Hold Long	Glaxo				sl	1998	T	2046
Buy	Mphasis		Abv	605	sl	601	T	612
Buy	RNRL		Abv	39	sl	37	T	43
Sell	BankNifty		Bel	11000	sl	11034	T	10940
Sell	Cairn		Bel	341	sl	343	T	337
Sell	Maruti		Bel	1232	sl	1240	T	1216
Sell	Tatamotors				sl	1023	T	990
Sell	Colpal				sl	831	T	811
Sell	Crompgreav		Bel	284	sl	288	T	274
Sell	LICHSGFIN		Bel	1206	sl	1217	T	1184	P

Stocks in News : (Source : Moneycontrol.com)

GST Update (Sources)
-Tax reforms set to suffer delays
-GST may be delayed by up to a year

Board Meet
-Crest Animation : Restructuring
-Prime Focus : Stock Split

Other stocks and sectors that are in news today:-Vardhman Textiles : Board approves Fund raising Via QIP  
-Gujarat Pipavav IPO opens today
-Foreign trade policy today
-Aurobindo Pharma receives USFDA approvals for Ampicillin for Injection
-Maharaja Shree sold property in Jaipur worth Rs 158 crore (market Cap at Rs 197 crore)
-JSPL : Government of Republic of Bolivia has provided additional 3000 acres of land for Steel plant
-State Bank of Mysore : Board Meet on August 25 to approve details of Rights Issue
-Paramount Communications: Proposed to SBI for Corporate Debt Restructuring
-SEBI wants listing of all MFs – BS
-IT department objects GTC land sale in Mumbai – PTI 
-Dabur to rope in strategic investors for retail venture – BS
-Govt rethinks on the 26% profit sharing on Mining co, alternate option is to mull fund that will be used for social uplift – FE
-Zenotech Labs open offer extended by a week to Aug 30
-IVRCL plans to raise Rs 600 crore via QIP in IVRCL assets and Rs 250 crore in Hind Dorr – DNA
-SABMiller considering USD 11 billion bid for rival Foster’s

Discalimer: This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),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 (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for

the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendations has been obtained from sources that are considered to be reliable. However, (IFCL) has not independently verified the accuracy or completeness of the same. Neither (IFCL) 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 (IFCL) 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.