01 Nov 2010 Daily Recommendations

01 Nov 2010 Morning Market Updates  08:50


Buy Adanient Abv 712 sl 703 T 722.
Buy Bajaj-auto Fut sl 1511 T 1540.
Buy Banknifty Fut Abv 12440 sl 12380 T 12550.
Buy BPCL sl 720 T 755.
Buy Finantech at declines(High risk High Return(P).
Buy GMRInfra Abv 55 sl 53.5 T 58.
Buy Hindpetro Abv 497 sl 480 T 527.

Sell Albk Bel 245 sl 251 T 235.
Sell Corpbank Bel 740 sl 746 T 731.
Sell Hindalco sl 210 T 198.
Sell Tatamotors sl 1172 T 1130.
Sell Ucobank Fut Bel 126 sl 129 T 122.

Stocks in News :

Results today: Lupin, GMDC, JSW energy, Century Textiles, Emami, Eveready Industries, Gammon Infra, Halonix, Hindustan motors, Punj Lloyd, PVR, Subros, Tourism Finance Corp.
Gravity India IPO issue opens today (closes November 3rd)

-Issue Size: Rs. 43.20 - 45 crore
-Issue Price: Rs 120 - Rs 125 per equity share
RIL Q2 (cr - crore, vs - versus, cons - consolidated)
-Net profit at Rs 4,923 cr vs Rs 3,852 cr; up 27.8% (YOY)
-Net sales at Rs 57,479 cr vs Rs 46,848 cr; up 22.6% (YOY)
-GRM at USD 7.9/barrel vs USD 7.3/barrel (QoQ)
RIL says
-H1 sales growth led by 29%volume growth, 20% price growth
-Improvement in refining & petchem margin outlook
-No fixed timeline yet on ramp up at KG D6
-Cracker shutdown, rupee & Panna Mukta affected 5-7% earnings
-Telecom & retail, 2 main areas of focus in service sector
Maruti Q2
-Net profit at Rs 598 cr vs Rs 570 cr; up 5% (YoY)
-Net sales at Rs 8,937 cr vs Rs 7,050 cr; up 27% (YoY)
-Q2 EBITDA margin at 10.7% versus 13% (YoY)
Maruti Says:
-See demand momentum continuing in Q3
-Have increased production by 10% from October
-Expect cost pressures due to higher raw material prices
-No plan to raise vehicle prices immediately
-October sales highest-ever in a single month; over 1 lakh units
-EBITDA margin down on currency fluctuation, raw material cost
-Q2 royalty payout at Rs 472 cr vs Rs 258 cr (YoY)
-Q2 royalty at 5.3% of net sales vs 5.17% (QoQ)
Hero Honda Q2 Very dissapointing results
-Net profit at Rs 506 cr Vs Rs 597 cr (YoY) (Expectation - Rs 545 cr )
-Net sales at Rs 4,511 cr Vs Rs 4,040 cr (YoY) (Expectation - Rs 4544 cr )
-OPM down at 13.4% versus 18.3% (Expectation - 14.6% )


NALCO Q2: (Numbers below expectations)
-Net profit at Rs 224 cr vs Rs 159 cr (YoY) (expectation of Rs 354.1 cr)
-Net sales at Rs 1,455 cr Vs `1,143 cr (YoY) (expectation of Rs 1532.9 cr)
-EBIDTA: 23.5% vs 12.01% (expectation of 31.5%)
Sun Pharma Q2:
-Net profit at Rs 504 cr Vs Rs 454 cr (YoY)
-Cons net sales at Rs 1,370 cr Vs Rs 1,185 cr (YoY)
-Nos not comparable, contain Taro’s financials
-Approves stock split ratio of 5:1
-TARO preliminary and unaudited Q3CY10 YoY
-Revenue up 10% to USD 103.2 million; OPM 23.3% vs 17.9%; PAT USD 18.9 million
SKS CFO Says -
-SKS reduced interest rate from 31.08% to 24.55%
-7% additional charges now dropped
-Charges include 3 components: Upfront Interest, cost of borrowing, insurance
-Company's earlier BSE release informed reduction of 2% interest
-Effective interest rate in AP for all new loans is 24.55%
-Have 3 slabs in India: 24.55% in AP, 27% in Karnataka, Orissa, WB
-Have slab of 30% in rest of India
Corporate action
-HUL: Ex dividend by Rs 3
-TCS: Ex dividend by Rs 2
-Indiabulls Financial: Ex dividend by Rs 5
DoT to launch country wide MNP on November 25 from Haryana
Earlier MNP was to happen from November 1
-ONGC eyes Exxon stake in Angolan field for USD 2 billion – ET
-Kamath qualified to step into my shoes: Murthy – ET
-STI India open offer at Rs 29/sh
-Oracle, Wipro said to be in race to acquire Sonata Software – DNA
-Jindal Saw to offer 2:1 swap ratio for demerger of its investment arm – DNA
-ONGC may stall Cairn-Vedanta deal – TOI
-Ansal Housing board approves allotment of 12 lakh warrants at Rs 70 to promoters.
-Balkrishna Industries board approves stock split of 5:1
-Securities in F&O ban: Core Projects, Jindal Southwest Holding
-Tata Motors hikes Nano prices by average Rs 9,000/unit from November 1
-Finance Minister agreed to give OMCs additional Rs 3000 crore for H1: Oil secy
F&O cues:

Stock Futures add 2.9 cr shares in Open Int
Futures Open Int down Rs 121 crore

Options Open Int up Rs 9599 crore
Nifty Futures down 62k lakh shares in Open Int
Nifty Futures at 26-pts prem versus 76-pts prem
Nifty Open Int PCR down at 1.20 from 1.27
Nifty Puts add 75.5 lakh shares in Open Int
Nifty Calls add 64.5 lakh shares in Open Int
Nifty 6500 Call adds 15.8 lakh shares in Open Int
Nifty 6100 Cal adds 12 lakh shares in Open Int
Nifty 6000 Put adds 10.6 lakh shares in Open Int
Nifty 5500 Put adds 10.3 lakh shares in Open Int
Nifty 5600 Put adds 9.5 lakh shares in Open Int
FIIs in F&O on October 29
FIIs net sell Rs 1318 crore in Index Futures
FIIs net buy Rs 1055 crore in Stock Futures
FIIs net sell Rs 256 crore in Index Futures