17 Sept 2010 Recommendations

17 Sept 2010 Morning Market Updates  08:50

Daily Recommendations :

Buy	Cairn				sl	333	T	341
Buy	Herohonda		Abv	1751	sl	1743	T	1785
Buy	Sesagoa		Abv	331	sl	324	T	339
Buy	Aptecht				sl	154	T	160
Buy	Apil				sl	770	T	781
Sell	Bhel		Bel	2449	sl	2459	T	2436
Sell	Gail				sl	474	T	462
Sell	Infosystch		Bel	2959	sl	2973	T	2938
Hold Short	Jindalstel				sl	702	T	688
Sell	Ranbaxy		Bel	501	sl	506	T	492
Sell	Tatamotors		Bel	1018	sl	1029	T	988	P
Sell	Bajaj-auto		Bel	1436	sl	1444	T	1424
Hold Short	Cumminsind	Ref.16/09			sl	732	T	718
Sell	Federalbnk				sl	370	T	359
Sell	Glaxo		Bel	1908	sl	1918	T	1897
Sell	JSWSteel		Bel	1183	sl	1192	T	1170
Sell	Mphasis		Bel	637	sl	645	T	628
Sell	Unionbank		Bel	365	sl	371	T	355
Hold Short	Tulip	Ref.16/09			sl	174	T	170
Sell	Renuka				sl	78	T	74

Stocks in News :

Ispat says
-Stemcor to acquire up to 10% in company via pref allotment
-Stemcor to help set up coke oven, pellet, power units
-Stemcor to provide about USD 75 million working capital to company
-Pricing and other terms investment still to be finalised
CNBC-TV18 Alert: Stemcor is world’s largest independent steel trader

Commercial vehicle makers - CNBC-TV18 exclusive
-Commercial vehicle makers to hike prices starting October: Srcs
-Price hike to be in the range of 2-3 % across models: Srcs
-Price hike on account of Euro 3 norms kicking in across country
-Tata Motors, Ashok Leyland & M&M to see a price hike

Ratan Tata Says
-FY11 will be important year for Tata Group
-Will be acquiring companies in steel, power, auto
-To look at aviation once sector picks up
-Tata Group will keep raising capital to fuel growth

Eros International Media IPO
-IPO opens today, issue of Rs 350 crore at price band of Rs 158-175/share
-Raises Rs 63 crore from anchor investors at Rs 175: Sources
-Anchor book was subscribed over 10 times: Sources
-Reliance MF, Blackstone, IDFC, Indus, Lloyd George, India capital participated: Sources

IPOs
-Microsec Fin Svcs IPO opens today, issue of 1.25 cr shares at price band of Rs 113-118/sh
-Tirupati Inks IPO closes today, subscribed 1.1x till now

ArcelorMittal says: Agencies
-Have revised India strategy
-Plan smaller steps with modular sites in India
-First domestic production expected in India by 2013

Power Ministry - Sources
-Power Ministry likely to send cabinet note on duty on power equipment in 10 days
-Power Ministry likely to send note if Finance Ministry doesn’t reply within 10 days
-DEA and revenue department yet to send comments on draft cabinet note
-Power Ministry has sent reminders to Finance Ministry
Alert: Draft cabinet note proposes to levy 19% duty on equipment
Alert: Move to affect Reliance Power, Tata Power, Adani Power

Q2 Advance tax: From Sources
-Bharti Airtel pays Rs 320 crore versus Rs 484 crore (YoY)
-Unitech pays Rs 30 crore versus Rs 5 crore (YoY)
-DLF pays Rs 30 crore versus Rs 20 crore (YoY)
-Maruti pays Rs 272 crore versus Rs 265 crore (YoY)
-Hero Honda pays Rs 156 crore versus Rs 136 crore (YoY)
-GAIL pays Rs 450 crore versus Rs 550 crore (YoY)
-NTPC pays Rs 500 crore versus Rs 600 crore (YoY)
-BHEL pays Rs 700 crore versus Rs 740 crore (YoY)
-Indiabulls Financial Services pays Rs 25 crore versus Nil (YoY)
-PNB pays Rs 657 crore versus Rs 420 crore (YoY)

Other stocks and sectors that are in news today:
-Cairn’s minority shareholders may get better deal; independent directors’ panel member says lower price to shareholders not good corporate governance practice
-Cabinet approves option trading in commodities
-Ex-dividend: DLF (Rs 2)
-Pantaloon Retail goes ex scheme of arrangement today - Transfer and vesting of product and format Brands pertaining to the Value Retail Business from Pantaloon into Future Value Retail

F&O Cues : 

F&O cues:

Futures Open Int down Rs 147 crore

Options Open Int up Rs 1577 crore

Nifty Sep Futures add 6 lakh shares in Open Int

Nifty Sep Futures at 13-point premium

Nifty Oct Futures add 6 lakh shares in Open Int

Nifty Oct Futures at 26-point premium

Nifty Sep 6000 Call adds 8 lakh shares in Open Int

Nifty Sep 6100 Call adds 6 lakh shares in Open Int

Nifty Sep 5700 Call sheds 8 lakh shares in Open Int

Stock Futures add 0.4 crore shares in Open Int

FIIs in F&O on September 16

Net sell Rs 647 crore in Nifty futures

Nifty futures Open Int up 46,612 contracts

Net sell Rs 1,035 crore in Nifty options

Nifty options Open Int up 41,701 contracts

Net sell Rs 853 crore in StoCk futures

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.