27 Oct 2010 Daily Recommendations

27 Oct 2010 Daily Recommendations  09:01
Today market will open with gap down with negative bias. SGX Nifty is trading around 6078 with 31 points down.Hang Seng was trading lower with 242.62 points down while Nikkei is up with 52 points.
Nifty will trade between 6070 and 6145 and any break out with these levels, will give trend setter movement.
Today's Recommendations :
Buy Nifty Fut Abv 6155 sl 6110 T 6230
Buy Bhartiartl at declines sl 318 T 340 (P)
Buy Centurytex Abv 520 (close) sl 515 T 530
Buy Dabur sl 103 T 107
Buy Godejind sl 224 T 234
Buy Hoteleela Abv 55 sl 53 T 58 (P)
Buy IRB sl 240 T 270 P
Buy IVRCLInfra Low Risk High Return sl 150 T 158 (P)
Buy Jaicorpltd sl 246 T 258
Buy Maruti Abv 1575 sl 1550 T 1600
Buy RIIL Abv 887 sl 872 T 912 (P)
Buy Wipro at declines sl 422 T 444


Sell Bankbaroda sl 984 T 967/960
Sell BEML Fut Bel 1124 sl 1138 T 1095
Sell Gail sl 499 T 490
Sell Glaxo sl 2318 T 2278
Sell Glenmark Bel 310 sl 314 T 304
Sell Jindalsaw Fut Bel 223 sl 227 T 217
Sell Lupin Fut sl 450 T 436
Sell Ranbaxy Fut Bel 597 sl 603 T 588
Results today: United Spirits, Asian Paints, Patni, Bata, Dabur, Everest Lanto, Everonn, FACT, Firstsource Solutions, Glenmark, Gati, Godrej Ind, HCL Info, Hindustan Copper, HT Media, IFCI, Karur Vysya Bank, Prism Cement, Strides Arcolab, Torrent Power, Trent, WWIL, Zee News.
Listings: Prestige Estates, BS Transcomm, Gyscoal Alloys
Tech Mahindra Q2 (QoQ) (cr - crore, vs - versus)
USD Revenues: USD 328.2 million versus USD 251.1 million
Re Revenues: Rs 1234.9 crore versus Rs 1133.7 crore
EBIDTA at 22.81% versus 18.75%
Net profit: Rs 150.7 crore versus Rs 144.3 crore
Utilisation at 75% versus 69%
Q2 reported revenue of Rs 1530 crore including Rs 299 crore 3rd Party Hardware & Software Purchase
Tech Mahindra to CNBC-TV18
Will take in Satyams profits or losses in proportion to equity every quarter
Excluding Satyam losses revenues at Rs 1233 crore, EBIDTA at Rs 268 crore, profit at Rs 177 crore
Utlization at 75% sustainable, unlikely to push it higher
Attrition at at all time high is a concern
Announced retention bonus for 2000 people, will give out retention bonuses to arrest attrition
Pricing has stabalized over the quarters
NTPC Q2
Net sales at Rs 12,989.3 cr vs Rs 10,782.8 cr (YoY)
Net profit at Rs 2,107.4 cr vs Rs 2,152 cr (YoY)
Other stocks and sectors that are in news today:
LIC Housing Finance board meet on stock split today
Stocks in F&O curb: Aban Offshore, Chambal Fertiliser, Core Proj, Everest Kanto, Essar Oil, Ispat, JSW Holdings, Nagarjuna Fert, Orchid Chemical, Reliance Mediaworks
Religare Technova to relist today after scheme of arrangement
Small investors may get bigger share in PSU companies up for disinvestment – ET
Qualcomm looks to sell broadband biz, company looking for a minimum price of Rs 5000 crore, company won permits in Mumbai, Delhi, Haryana and Kerala In recently concluded auction – ET
Tayal moves court to unlock ICICI shares worth Rs 1000 crore – Mint
Gujarat Alkalies Q2
Net sales at Rs 351.6 cr vs Rs 334 cr
Net profit at Rs 20.1 cr vs Rs 29 cr
OPM at 14.5% vs 19%
MRPL Q2
Net profit at Rs 280 cr vs Rs 180 cr (YoY)
Net sales at Rs 8,354 cr vs Rs 7,874 cr (YoY)
Hindustan Media Ventures Q2
Net profit at Rs 10.7 cr vs Rs 44 Lakh
Net sales at Rs 124 cr
Voltas Q2
Consolidated net sales at Rs 1,063.58 cr vs Rs 1,092.95 cr (YoY)
Consolidated net profit at Rs 92.41 cr vs Rs 90.33 cr (YoY)
Dish TV Q2
Net loss at Rs 45.2 cr vs loss of Rs 56.1 cr
Net sales at Rs 325 cr vs Rs 257 cr
Blue Dart Q3
Net profit at Rs 21 cr vs Rs 16.5 cr
Net sales at Rs 294 cr vs Rs 236 cr
US Markets:
US markets ended flat after a choppy session- the strength in the dollar overshadowed another batch of better-than-expected earnings. However, the broader market was able to recover to the neutral line on encouraging consumer confidence data.

Dow Jones Industrial Average was up 0.05% or 5.41 points at 11169.46. Nasdaq Composite was up 0.26% or 6.44 points at 2497.29. Standard & Poor's 500 was flat at 1185.64.
In economic data in US, the consumer confidence index for October rose slightly in October but remained near historically low levels as concerns about the job market persisted. Levels rose to 50.2 in October from a revised 48.6 in September. The street had expected it to improve to 49.

The dollar saw a solid rebound as the euro again lost momentum near the 1.40 level, while the yen fell from a 15-year peak after a Japanese minister called gains one-sided and warned authorities could act to stem further yen strength.
Meanwhile in the base metal space- copper extended its rally to 27-month high on signs that global demand will outpace supplies