15 Oct 2010 Daily Recommendations

15 Oct 2010 Morning Market Updates  08:58


FYI
Note : Follow Byt recommendations in Positive market bias & v.v.


Buy Ambujacem Abv 144 sl 143 T 147
Buy HDFCBank Abv 2445 sl 2410 T 2505 P
Buy Tatasteel sl 444 T 667
Buy Cumminsind Abv 746 sl 736 T 768
Buy Sesagoa Abv 376 sl 372 T 384




Sell Aban Bel 863 sl 872 T 852
Sell Axisbank Bel 1548 sl 1560 T 1530
Sell Cairn Bel 336 sl 339 T 332
Sell Cipla sl 337 T 330
Sell Herohonda Bel 1848 sl 1861 T 1835/1823
Sell ICICIBank Bel 1131 sl 1142 T 1117
Sell SBIN Bel 3234 sl 3262 T 2187
Sell Bajaj-auto Bel 1520 sl 1532 T 1503
Stocks in News :
Results Today: Infosys, Karnataka Bank, DCB, Manappuram Gen, Venus Remedies
Kernex Microsystems

-Sales at Rs 14.2 crore versus Rs 50 lakh
-PAT at Rs 2.9 crore versus loss of Rs 3.2 crore
Rallis ---growth momentum continues - Q2FY11 YoY
-Revenues up 15% to Rs 368 crore versus Rs 321 crore
-OPM 24% versus 23%
-PAT Rs 58.7 crore versus Rs 45.7 crore, up 28%
-Total expenses higher by 14% but margins improve due to higher base
-Net Interest income of Rs 6 lakh versus outgo of Rs 5.5 crore

Mobile connection - Sources:
-Buying a mobile connection set to get tougher
-User liability set to increase for verification
-Rs 50,000 fine for violations in activation procees
-Rs 50,000 fine for delay in timely disconnection
-3-stage SIM card activation process proposed
-Seller to physically verify SIM buyer at sale


Other stocks and sectors that are in news today:
-Bharti looks to exit MF business – ET
-Raymond close to reaching deal with labour union on Thane Realty project – ET
-Eros Signs Rs 50 crore deal with ZEE for forthcoming films – ET
-DGH delays clearing Rs 358 crore expenses – Mint
-ADAG Co looks to settle with SEBI in market violation case – BL
-DoT proposes new SIM verification norms