Intraday calls for 23.10.2012 - High risk

1. Buy Kotak mahindra bank @ 632              Tgt - 637, 644            Sl - 623
2. Buy Mahindra & Mahindra @ 834              Tgt - 839, 846            Sl - 826
3. Buy Action construction @ 27.25               Tgt - 28.4, 29.85        Sl - 25.4
4. Buy Sudar industries ltd @ 116.75            Tgt - 118.9, 121.6      Sl -113
5. Buy Nitco ltd @ 27.1                                Tgt - 28.3, 29.3           Sl - 25.2

**** Score of previous trading session - 3/5. Please do not initiate trade if the stock opens above Tgt or below Sl.

Intraday calls for 18.10.2012 - High risk

1. Buy Usha martin ltd @ 31.8                      Tgt - 32.6, 33.55         Sl - 30.4
2. Buy Kalpataru power @ 92.95                   Tgt - 94.8, 96.5          Sl - 91
3. Buy Vijay shanthi builders @ 16.85            Tgt - 17.3, 17.6          Sl -16.4
4. Buy Jagran prakashan @ 103.9                  Tgt - 106.3, 108.9      Sl - 100.9
5. Buy Jayaswal neco @ 13.2                        Ttg - 13.95, 14.6        Sl - 12.4

**** Score of previous trading session - 2/4. Please do not initiate trade if the stock opens above Tgt or below Sl.

Intraday calls for 17.10.2012 - High risk

1. Buy Shriram EPC @ 80.1                  Tgt - 81.8, 84.4           Sl - 78.27
2. Buy Shrenuj & company @ 65.15       Tgt - 67.6, 69.75         Sl - 63.15
3. Buy Autoline industries @ 197.7         Tgt - 199.9, 202.8       Sl -195
4. Buy GHCL @ 41.7                             Tgt - 42.4, 43.65         Sl - 40.65

**** Score of previous trading session - 5/6. Please do not initiate trade if the stock opens above Tgt or below Sl.

Intraday calls for 16.10.2012 - High risk

1. Buy Balrampur chini @ 73.25         Tgt - 74.2, 75.6          Sl -71.9
2. Buy Mangalore chemicals @ 45.15  Tgt - 45.8, 46.7          Sl - 44
3. Buy Pricol @ 20.6                         Tgt - 21.1, 21.8          Sl - 19.9
4. Buy India glycols @ 214.25             Tgt - 217.8, 220         Sl - 209.8
5. Buy ICSA India @ 17.3                   Tgt - 17.9, 18.7          Sl - 16.5
6. Buy Dish TV @ 76.3                       Tgt - 76.85, 78.1        Sl - 75.2

**** Score of previous trading session - 4/5. Please do not initiate trade if the stock opens above Tgt or below Sl.

Intraday calls for 15.10.2012 - High risk

1. Buy HCL Technologies @ 580         Tgt - 588, 597            Sl - 569
2. Buy Easun Reyrolle @ 70.2            Tgt - 72.8, 74.6          Sl - 67.8
3. Buy Ramco Industries @ 67.55       Tgt - 69.7, 72.1          Sl - 64.7
4. Buy B L Kashyap @ 11                  Tgt - 11.4, 11.9          Sl - 10.5
5. Buy City Union Bank @ 58.9          Tgt - 59.9, 61.4          Sl - 57.5         

**** Score of previous trading session - 4/5. Please do not initiate trade if the stock opens above Tgt or below Sl.

Intraday calls for 12.10.2012 - High risk

1. Buy Electrosteel castings @ 22.25     Tgt - 22.9, 23.4            Sl - 21.6
2. Buy Crest animation @ 28.45            Tgt - 29.2, 30.4            Sl - 27.7
3. Buy Heritage foods @ 301.55            Tgt - 304.7, 308           Sl - 297
4. Buy Jaypee Infratech @ 52               Tgt - 53.4, 54.7            Sl - 50.4
5. Buy Barak valley cement  @ 10.9       Tgt - 11.4, 11.9           Sl - 10.3          

**** Score of previous trading session - 4/5

Intraday calls for 11.10.2012 - High risk

1. Buy Thomas cook @ 61.85                Tgt - 62.9, 64.2             Sl - 60.4
2. Buy First leasing @ 58.75                   Tgt - 59.8, 61                Sl - 57.4
3. Buy Karuturi global @ 5.05                Tgt - 5.45, 5.9               Sl - 4.7
4. Buy Firstsource solutions @ 12.15      Tgt - 12.6,13.2              Sl - 11.7
5. Buy Burnpur cement  @ 10.3              Tgt - 10.9, 11.4             Sl - 9.8          

**** Score of previous trading session - 4/4

Intraday calls for 10.10.2012 - High risk

1. Buy Rajesh export @ 125.2                Tgt - 127.6, 129.4         Sl - 122.9
2. Buy V-Guard industries above 401      Tgt - 407.7, 413.5         Sl - 396.7
3. Buy Great offshore @ 112.2               Tgt - 114.8,117.6          Sl - 109.8
4. Buy Gtl ltd  @ 33.2                             Tgt - 33.85, 34.45         Sl - 32.6          

**** Score of previous trading session - 3/4

Intraday calls for 09.10.2012 - High risk

1. Buy Triveni engineering @ 23.35         Tgt - 24.1, 25.4             Sl - 22.4
2. Buy Eros international @ 169.1           Tgt - 172, 174.2            Sl - 166.9
3. Buy GHCL @ 42.2                             Tgt - 43.4, 44.7             Sl - 40.9
4. Buy NHPC above 21.05                     Tgt - 21.45, 21.9           Sl - 20.6          

**** Score of previous trading session - 4/4

Intraday calls for 08.10.2012 - High risk

1. Buy Essar oil @ 60.5                              Tgt - 62.2, 64.4           Sl - 58.9
2. Buy Castrol @ 326.9                              Tgt - 329.8, 334.5       Sl - 323
3. Buy Bharati Shipyard @ 77.1                  Tgt - 78.8, 81.5           Sl - 74.8
4. Buy Greaves Cotton @ 82.85                 Tgt - 84.7, 86.5           Sl - 80.9

**** Score of previous trading session - 4/5

Intraday calls for 05.10.2012 - High risk

1. Buy Venky's India @ 597.8                     Tgt - 608, 619            Sl - 585
2. Buy Gulf Oil Corporation @ 100.4          Tgt -  102, 103.6        Sl - 98.8
3. Buy Thomas Cook @ 60.8                      Tgt - 61.9, 62.9          Sl - 59.5
4. Buy BGR Energy @ 293.2                      Tgt - 297, 304            Sl -  288
5. Sell ITI @ 28-28.5                                  Tgt - 26.85,26.05       Sl - 29.8

**** Score of previous trading session - 4/5

Intraday calls for 04.10.2012 - High risk

1. Buy Satyam Computers @ 114.3     Tgt -> 115.5, 117.3     Sl -> 112.6
2. Buy Timken @ 212                          Tgt -> 217.7, 222        Sl -> 208
3. Buy BEML @ 329.25                      Tgt -> 337, 349           Sl -> 322
4. Buy City union bank @ 57.1             Tgt -> 58.8, 60.4         Sl -> 54.8
5. Sell Gujarat Gas @ 336.7                 Tgt -> 329, 317           Sl -> 342

### Score of previous trading session: 5/6 

Intraday calls for 03.10.2012 - High risk

1. Buy Jindal Poly @  201.5            Tgt - 206, 211          Sl - 197
2. Buy Atul Ltd @ 373.6                 Tgt - 381, 387          Sl - 369.5
3. Buy SRF @ 235.1                      Tgt - 239, 244          Sl - 232
4. Buy India Glycol @ 193.5           Tgt - 198, 203          Sl - 189.5
5. Buy Hotel Leela @ 33.25            Tgt - 34.1, 34.9        Sl - 32.5
6. Buy Finolex Cables @ 42.95       Tgt - 43.7, 44.4        Sl - 42.2

Good opportunity for long term investment

The recent crisis in europe has created a good opportunity for long term investor in indian market. We have seen a correction of around 10% from recent high of 5400. One can expect actions from the govts of european countries / US to get out of this situation very soon. 

The mkt has closed down below it 200 DMA in last two session and may fall further down upto 4770-4830 tomorrow. Some of the companies with sound management, good earning visibility are trading at or below fair value!! In my opinion, this is an opportunity to add some value to our long term portfolio. Here are some of the stocks which i think long term investors should start accumulating to get avg 20-25% return in one year.....

1. Tantia Costruction : 100-106
2. Concurrent Infrastructure : 31-34
3. Tata steel: 475-500 # Closed - 20% return on 08.09.10 #
4. Renuka Sugar: 50-54  # Closed - 25% return on 12.07.10 #
5. JP Associates: 110-116 # Closed - 20% return on 06.10.10 #
6. Suzlon Energy : 57-60
7. Mercator Lines: 46-49 # Closed - 20% return on 08.09.10 #
8. Educomp Solutions: 480-503  # Closed - 25% return on 16.07.10 #
9. HDIL: 205-219 # Closed - 25% return on 20.07.10 #
10. Alok Industries: 17-19 # Closed - 25% return on 15.10.10 #
11. IDBI Bank: 105-111  # Closed - 25% return on 13.07.10 #
12. BHEL: 2230 - 2275
13. NHPC: 27-29
14. Nagarjun Fertilizer : 26-28 # Closed - 25% return on 05.07.10 #
15. India Infoline: 97-101 #Closed - 25% return on 04.10.10#

Goodyear India @ 223.5 #Closed - Target achieved on 04.03.10#

Goodyear India is engaged in the manufacture of tyres and rubber products

•  Provides a range of car passenger tyres including the new Eagle ultra-high performance and Excellence radials 
• The light truck range includes the Wrangler and G28 series. Trucks are provided with Power 2000, Power Torq, HMG 8, and CT 162 and the farm sector includes Sampurna, ASSG, NRT, ..etc.
• It has two manufacturing facilities in Ballabgarh and Aurangabad
• The company launched the branded retail shop-in-shop concept, the company`s strategic initiative in organized tyre retailing of the large tyre replacement market
• Supplies passenger car tyres to Maruti, Telco, Mahindra & Mahindra, Ford, Fiat and many more. Tractor tyres are supplied to manufacturers like PTL, ITL, TAFE, Eicher and Escorts. Bus and truck tyres are rolled out to TELCO, Ashok Leyland, and Swaraj Mazda
• Tyres are exported to Pakistan, Nepal, Bangladesh, Srilanka, Bhutan, Australia, Dubai, Hongkong and Phillipines
• Has posted net profit of 61 Cr in 3 qtrs of FY010 and registered an EPS of 27

Trading at P/E of 6.2. Promoters are holding more than 74%. Likely to get delisted this yr. Invest for a period of 1 yr. Tgt 290+.....

Avon Corporation @ 7.59 #Closed - Target achieved on 08.02.10#

The co is in the business of  manufacturing weighing scales, weigh bridges and anti vibrator feeder system since 1995.

• It also develops softwares  like Body Composition Analyzer, Analytical balance, Precision balance, Moisture Balance and Pipette Calibration
• Also handling High end products for Body composition Analyzers & Blood pressure monitors and also for precision and reliability dealing in Laboratory balances Industrial balances, Test Weights and DKD Calibration
• Is authorized distributors of Kern & Sohn GMBH-Germany, Jawon Medical-Korea products and TANITA Corporation-Japan in India.
• Has reached from a turnover of Rs.26 Lakh (Year 1995-96) to a turnover of Rs. 77.58 Crs (Year 2008-09) within 13yrs of operation.
• In first 9 months of  FY010, co has posted net profit of 11.5 Cr on sales of  82 Crs with EPS of 1.8
• Trading at P/BV of 0.66.D/E is 0.6. 

Invest  in this small cap for a period of 1 yr... Tgt 10.4+....

Man Industries Ltd @ 54 #Closed - Target achieved on 10.03.10#

Man Industries (India) Ltd. is a member of The Man Group, UK. 

• CO is in the business of manufacturing large diameter Carbon Steel Line Pipes for various high pressure transmission applications for Gas, Crude Oil, Petrochemical Products and Potable Water.
• It alsomanufactures for various types of Anti-Corrosion Coating Systems and Aluminum Extrusion Products.
• The global investment scenario for Oil and Gas Transportation is extremely positive.May get benifited from govt 's project to build a national gas grid.
  
•  Co's current order book stands at Rs 2500 crore. Significant  part  of  these  latest  orders will be
  executed in the current financial year
• Co has been securing  repeat order from competitive Gulf market which indicates the capabilities of management to deliver
• D/E ratio is 0.89. P/BV is 0.7. Has been paying regular dividend since 2002.

Promoters have been increasing their stake since last two weeks. Expecting good performance from this small cap in next 2-3 qtrs.

Invest for a period of 1 yr..... Tgt 71+...

JVL Agro Industries Ltd @ 116 # Closed - Target achieved on 23.04.10 #

The company earlier known as Jhunjhunwala Vanaspati Ltd  is in the business of producing hydrogenated vegetable oil and refined oil.

• Markets its products like vanaspati ghee, refined soyabean oil and mustard oil under a well recognised and established brand name 'Jhoola'
• It caters to over 30% of the consumption of hydrogenated vegetable oil and refined oil in Uttar Pradesh, Jharkhand and Bihar
• Created manufacturing facility by acquired one unit in Rajasthan for production of mustard oil and with its joint venture in Sri Lanka for production of Vanaspati ghee. This has helped the company to increase its production and reach out new markets and customers in North and West India. 
• Company has stabilized its scheduled production at its refinery, vanaspati unit of 570 MTPD capacity at Pehleja, Bihar in June09
• FIIs have baught 18% shares of this co in 2nd qtr of FY010
• In first of FY010, co has posted revenues of 520 crs and net profit of 14 crs with EPS of 14.7

Stock is undervalued compared to peers like KS Oils, Ruchi Soya, ATF, Gokul Refoils. Presently trading @ P/E of 4 below its book value of 150.4.  

Invest for a period of 1 yr..... Tgt 150+... 

Aro Granite @ 46 # Closed - Target achieved on 14.07.10 #

Co is in the business of Polished / Flamed Granite Tiles & Granite slabs since 1991

•  The company is manufacturing Tiles and Slabs for which the basic raw material is Granite Rough Blocks.
• As the Company does not own Granite quarries, rough blocks are procured from the quarry owners, most of which are located in the states of Karnataka, Tamil Nadu, Orissa and Andhra Pradesh
  
• Has installed the most sophisticated environment friendly granite processing machinery line from Italy.Its 100% Export Oriented Unit is ideally located at Hosur, which is just 35 Kms. away from Bangalore - the Granite Hub of India. has an installed capacity of 1,68,000 Sq. Mtrs
• Granite is used extensively in the construction of public building.It is one of the strongest of all dimension building stones. Most Granite can withstand weathering for centuries.can be polished to a glossy finish and is an excellent background for carvings and lettering. Architects acknowledge the inherent advantages Granite possesses over marble the world over and Granite is rapidly replacing marble for lending elegance to buildings.
• Slabs constitute 70% of the company’s turnover. It has 35 clients spread over Europe, USA and Far East. 
• Co initiated buy back offer at max 55 / share in june'09. 
• In HY010, co has posted revenues of 63 cr and net profit of 6 cr which resulted in EPS of 6.
  
• Presently trading below its book value of 85. 

Co s likely to get benifited from turn around in Real estate sector. The only threat is competetion from unrecognized sector.

Invest for one yr...... Tgt price 62+......

Hanung Toys & Textiles @ 116 # Closed - Target achieved on 09.03.10 #

Co was set up in technical collaboration with South Korea. It claims to be India’s largest Manufacturer and Exporter of Soft Toys Decorative Cushions & Children’s Room Furnishings.

• Has recently launched a wide range of Home Furnishings in various fabrics, colours and designs 
• Major products includes Soft (Stuffed) Toys, Decorative Cushions,Home Furnishings, in various fabrics, colours and designs, items like Bed Sets, Duvet Covers, Curtains, Throws, Quilts, Sleeping bags, Bolsters/Long Cushions, Cushion Covers, Floor Rugs & Carpets, Sit Sacks
• Major clients includes Walmart., Home center, Americam pecific, Britanica, The one etc.
• Manufacturing unit is located nr delhi with an area of 75,000 Sq. Feet and 426 machines having production capacity of 110 Lacs Pcs/Annum. 
• To add new ranges to their Home Furnishings Line, such as Bed-linen, Hotel-linen, Bed Spreads, Filled Pillows, Pillow Covers, Blanket/Quilt Covers, Table Covers, Table Napkins
• Has recently signed export order tie-up with a leading US buyer, for exporting Home furnishing to the extent of USD 60 Million (About Rupees 280.00 Crores) to be completed by December, 2012 
• Has received the BEST EXPORTER AWARD for Toys for the years 2007 - 08 and 2008 - 09 from Noida Special Economic Zone Authority, Ministry of Commerce & Industry, Govt. of India.
  
• In HY10, co has posted net profit of 33 cr on sales of 350 cr with and EPS of 13.4 

 Stock is presently in consolidation mode. Having a strong support in 100-104 region. Looks a  really safe bet.Invest for a period of one year. Tgt 140+.....

For high risk investors.... # Closed - Targets achieved #

Technical indicators / news flows / price movement with good volume suggest that following stocks are likely to do well in next 3-6 months....

• Ruby Mills @ 912   Tgt - 1115+
• Ashirwad Capital @ 2.15 Tgt - 2.48+
• Ester Industries @ 20.3 Tgt - 23.6+
• Sakuma Export @ 14.25 Tgt - 16.7+
  

For high risk investors.... # Closed - Targets achieved #

The stocks mentioned  below are likely to outperform market in nr future....

1. Golden Tobacco : CMP -105, Tgt - 126+
2. Octave Investment : CMP -19.5, Tgt - 23+
3. KCP Sugar : CMP - 24.75, Tgt - 28+
4. Asahi Infrastructure : CMP -  1, Tgt - 1.21+

Invest for a period of 3-6 months....

KRBL Ltd @ 185 # Closed - Target achieved on 02.02.10 #

KRBL is an exporter of basmati rice and a significant player in the branded food industry.

- The company`s milling and packing units are located in Ghaziabad (UP), Dhuri (Punjab), Alipur (Delhi) and Gandhidam (Kandla) and Dhulia (Maharashtra). 

- Brand names include Royal, Zaffrani, Doon, Train, Al Wissam, Qiada, Al Bustan, Al Mithali, Indian Farm, Sun Flower, India Gate, Lion, India Gate, Nur Jahan, Aarati, Necklace, Bemisal, Shubh Mangal and Lotus.
- It manufactures products like rice bran oil, furfural and de-oiled cakes. The husk is utilized to extract furfural and the bran used to produce around 50 tons of rice bran. 

- The company has 10.5 MW power capacity using rice husk as fuel and a 3.5 MW power plant in Ghaziabad. It has a 12.5 MW windmill in Dhulia, Maharashtra with a power purchase agreement with MSEB.

-  KRBL has earmarked around 100,000 acres of land for contract farming in Uttaranchal, Uttar Pradesh and Punjab. It has its procurement network for basmati rice that spreads across Punjab, Haryana, Uttranchal and Uttar Pradesh. 

- The company has around 8 per cent share of total Basmati exports from the country
- Will invest up to Rs 3,000 in the next three years on expansion and working capital requirement.

- Expecting a turnover of Rs 1,650-1,800 crore in the current fiscal and Rs 3,500 crore in the next three years 

- Posted net profit of 61 Cr in HY010 with EPS of 25. Currenty trading @ P/E of 3.9, P/BV of 1.1

Invest for a period of min 1 yr.... Tgt 245 +

I G Petrochemicals Ltd @ 37 # Closed - Target achieved on 21.01.10 #

The company is in the business of producing

a) Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities

b)Alkyd Resins for manufacturing of paints, as an intermediate in production of dyes and pigments

c) Unsaturated Polyester Resins (UPRs) used in the manufacture of building materials and plastic products

- one of the largest manufacturer of Phthalic Anhydride

- one of the most cost-effective plants for the production of Phthalic Anhydride in the world

- Has posted net profit of arnd 16Cr on sales of 290Cr in H1FY010 which result into an EPS of 5.3 in 1st half of FY010.

- D/E is 0.34. Book value is 56

- Trading @ P/E of 3.7 on FY010 EPS.

BSE: 500199  |  NSE: IGPL 

Invest for a period of  1 yr.... Tgt 48+....

For High Risk Investors..........

Following stocks are moving up with good volumes.... signalling +ve breakouts... Buy  for a period of 3-6 months.......

1. Bhansali Engineering -  CMP : 13.5,  Tgt  17+ BSE Code: 500052

2. Brandhouse Retail - CMP : 33.5 Tgt   40+  BSE Code: 533059

2 small caps & 1 mid cap for high risk investors.. # Closed - Targets achieved #

1. Sujana Metals - CMP 18.75    Tgt 23+  BSE CODE:513414
2. Fame India - CMP 30.75    Tgt 36+  BSE CODE:532631

3. Solvay Pharma - CMP 818   Tgt 1020+ BSE CODE:532447 

Positive announcements with good financial results  are likely from these counters. High risk investor can buy these stocks for a period of 3-6 months....

Small caps for high risk investors........ # Closed - Targets achieved #

1. Shalibhadra Finance @ 8.99 Tgt- 11.25+

2. Mirza International @ 18.11 Tgt - 22+
3. Kilburn Office @ 7.33 Tgt- 9+
4. Sudal Industries @ 36 Tgt- 42+
5. Essel Propack@35 Tgt- 40+


Buy for short term.... 3-4 months..... cud c a gud upmove in these counters

OIL IPO @ 950-1050

OIL is the second largest oil-and-gas company in India as measured by total proved plus probable oil and natural gas reserves and production explores, develops, produces and transports crude oil and natural gas onshore in India. Oil India also processes captive natural gas production to extract LPG. It has an international presence in exploration of crude oil and natural gas through participating interest in 17 exploration blocks in Egypt, Gabon, Iran, Libya, Nigeria, Timor Leste and Yemen.

• Produces — 24.95 million barrels a year or about 68,000 barrels a day (10 per cent of domestic oil production)
• In comparison, ONGC produces more than 5,50,000 barrels a day while Cairn India, which commenced production last week, will produce 1,75,000 barrels a day at its peak.
• Has ‘proved and probable’ reserves of 575 million barrels of oil, which will last 23 years at the current rate of production. The proven reserves alone will last 11 years at the current output level.
• Has gas reserves of 63.41 billion cubic metres, more than 93 per cent of which is located in the Upper Assam Basin.
• It produces 6.22 million cubic metres of gas a day, which was about 7 per cent of domestic gas output in 2008-09. In comparison, Reliance presently produces close to 40 million cubic metres of gas a day.
• The company is also a 26 per cent shareholder in Numaligarh Refinery and holds 10 per cent in Brahmaputra Cracker and Polymer Ltd., which is planning to set up a petrochemical project in Assam.
• Owns and operates as a common carrier, a 1,157-kilometer cross-country crude oil pipeline, on behalf of itself, ONGC and Bongaigaon Refinery and Petrochemicals (BRPL)

At a price band of Rs 950-Rs 1050, the P/E works out to 10.2-11.3 times on an EPS of Rs 93 for FY 2009 on post-issue equity of Rs 240.45 crore compared with ONGC's P/E (on FY 2009 EPS) of 15.6. ONGC is almost 10 times Oil India's size and will continue to trade at premium to Oil India

Invest in this mini ratn for 1 yr +....... Curently the grey mkt premium is around 110-125....
tgt 1400 +....

Grey Market Premium of Adani Power & NHPC

According to market sources....

Grey market premiums for Adani Power and NHPC are hovering around 16 & 10 respectively. Both the companies are from power / infra sector having bright future. Remain invested for long term.......

Small caps @ gud valuation # Closed - Targets achieved #

Following are some of the small caps stocks trading at good valuation compared to others stocks in same group.

1. Su-raj Diamonds CMP:33 PE:5.2 BV:155 D/E:0.44 Tgt -> 54+
2. SEL Manufacturing CMP:54 PE:2.5 BV:127 D/E:1.4 Tgt -> 87+
3. Bhartiya International CMP:37 PE:4.9 BV:127 D/E:0.48 Tgt -> 48+
4. Country Club India: CMP:23 PE:6.1 BV:85 D/E:0.14 Tgt -> 36+
5. Ahluwalia Contracts: CMP:84 PE:9 BV:19 D/E:0.46 Tgt ->112+
6. KNR Contruction: CMP:64 PE:4.4 BV:80 D/E:0.7 Tgt -> 96+
7. Gayatri Projects: CMP:161 PE:3.72 BV:177 D/E:2.52 Tgt -> 240+
8. Alfa Transformers: CMP:31 PE:4.2 BV:46 D/E:0.52 Tgt-> 44+

Invest for mediaum to long term.. 6-12 months....

Subhash Projects @ 136 # Closed - Target achieved on 29.06.10 #

Subhash Projects & Marketing is an engineering, procurement, and construction company, engaged in turnkey execution of projects.

- Th company has bagged projects worth Rs.600 Cr this yr.
- The approx order book size if approx 3500 Cr.
- Has grown from 230Cr co in 2005 to 1167 cr in 2008.
- FY09 9 month EPS is 12. Trading @ P/E of 8.
- With signs of revival in economy co is likely to perform better going forward.
- 52 wk lo-35.5 hi - 283

Buy / remain invested for atleast 1 yr. tgt price 192 +

I've been buying US stocks: Buffett

Legendary investor Warren Buffett has said he is buying American stocks and feels that fears regarding long-term prosperity of country's many sound companies 'makes no sense'.

In an opinion column written in the New York Times today, the billionaire investor said he "cannot predict the short-term movements of the stock market.”

"...I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds," said the Chief Executive of Berkshire Hathaway, Buffett.

"A simple rule dictates my buying: be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors," he pointed out.

According to Buffett, the financial world is in a mess, unemployment would rise in the near term and business activity would falter.

Writing in the New York Times, Buffett said: "To be sure, investors are right to be wary of highly-leveraged entities or businesses in weak competitive positions.”

"But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now," he asserted.

Pointing out that he does not have 'faintest idea' whether stocks would be higher or lower, Buffet noted, "what is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or economy turns up." He felt equities would almost certainly outperform cash over the next decade.

Saturday, 18 October , 2008 Source: Sify.com

Any 1 listening Mr.Buffets....... Yarroonnnn mri nahi to buffet ki bat man lo..... :)

Indo Tech Transformers @ 219 #Closed - Target achieved on 31.08.09#

ITL net sales and PAT figures grew above market expectations. In Q2FY09, Indotech top
line grew by 27.2% (YoY) to Rs 65.4 crore from Rs 51.4 crore - mainly on account of
higher volumes realized on additional capacity. The profitability of the company surged by 38.4% (YoY) in the same period to Rs 14.2 crore from Rs 10.3 crore, where EPS improved to Rs 13.4 from Rs 9.7.

*The company’s order book as of 10th October, 2008 stands at ~Rs 117 crore
*In Q2FY09, company commissioned a Transformer Tank manufacturing facility at its Kancheepuram plant at a total cost of Rs 3.5 crore.
*The company receives advances against private orders, which alleviate them to cover raw material cost. Further in case of private industrial clients, balance payments are been received at the time of delivery. While in case of SEBs it takes 30-60 days for receiving payment against the deliveries.
*ITL expects more orders to get finalized in the third quarter of the current year
(Q3FY09). Moreover, the company is targeting exports to contribute ~25% to total
revenues in coming years.

At CMP of Rs 219, the stock is trading at 6.0x on FY08 earning of Rs 36.7 and 4.7x
on FY09E earning of Rs 46.8. On back of power reforms, infrastructure investments,
low debt-equity ratio 0.1x, export oriented initiatives and assertive management, BUY with one yr target price of Rs 285+.

Sensex... Nifty..... near major support levels..... yaaro buy karo.... :)

It seems that time has come to start accumulating good companies with sound management to execute their visions.

In case of worst economic scenario, indian stock markets were trading @ PE of 13. i.e in 2000-2001. Yesterday the mkt closed @ PE of 13.4. Today our GDP gowth is hovering around 8%. Most of the A group companies are still doing well on the back of strong internal demand. Apart from making a mark in software industry, india is growing as a hub for manufactruing / r&d / BPO / back office operations. So business is still there for our cos.......

Most of the analysts are expecting avg 10% drop in earnings in 'A" group companies. If we factor in that also than major support values for sensex - 9884, nifty - 3110. So better not to wait for those levels... start accumulating stocks of 'A' group companies.

Happy investing..... :)

Rayban Sun Optics @ 107 #Closed - Target achieved on 04.06.09#

Promoters r holding more than 70% of shares.The stock is listed in BSE only. They 've proposed voluntary delisting from BSE. Going to acquire all outstanding shares of the company. Next board meet is on 27th Jul to decide on delisting price etc.

Buy for short term....

RL - 121/132
SL - 101/88

Uttam Galva Steels Ltd @ 40.2 #Closed - Target achieved 04.06.09

One of the leading independent steel processor in India. Engaged in producing value added products.Emerging as a one stop shop for all flat steel users.

- Cut in export duty on flat steel will benifit uttam
- Setting up a 300MW power plant which will help further in redusing production cost.
- One of the few companies in which FIIs 've increased their holding from 1% to 8% in last six months
- Revenues are expected to grow at a CAGR of about 25% over FY07-09 considering huge capacity expansion and favorable demand for company’s products by the user industries.
- Trading @ P/E of 3.7. Below its book value of 51.
- 52 wk low - 30 high - 86

Risk : Company's profitability may get affedted due to rise in scrap / logistic cost / zinc prices. Company s likely to pass on this ot its customer.

Buy for med to long term.

Target 58+

GAIL @ 381 #Closed - Target achieved 04.06.09#

GAIL is the country's largest natural gas company with annual revenue of around Rs 17,000 crore. owns and operates the largest natural gas pipeline network in India and handles over 75% of the total gas transported in the country. Growing at almost 14% over last 10 yrs.

With commissioning of new pipelines and improvement in gas availability, GAIL is likely to earn additional revenues of Rs 1,250 crore annually by FY09 and another Rs 2,750 crore annually from FY11 onwards. This alone will translate into a CAGR of 16.7% in operating profit over the next four years.

GAIL’s investments in petrochemicals , CGD and exploration business will add value to its business over the next 2-3 years. GAIL’s dividend yield is likely to rise to 4.5% by 2011. This is an added incentive for investors.

Presently trading @ P/E of 12. To consider bonus issue on 23d of june.

52 wk high - 555 low - 285

Profitability may get affected due to govt subsidy burden.

Buy for med to long term.

Tgt - 460+

Lotte India @ 206 #Closed - Target achieved 19.06.08#

Earlier known as Parrys Confectionary is engaged in the manufacture and distribution of confectionary items.Promoters holding is more than 80%. Board meeting on 21st june to delist from all exchanges. Expecting open offer for share holders.

52 wk low - 187 high - 536

Buy for short term.

Taget - 232 / 249

SL - 190