Archive for April, 2008
21st April 2008 Market Update By KR Choksey
Click here to read 21st April, 2008 11.30am to KR Choksey Stock Market Update.
Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
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21st April 2008 Market Outlook By Angel Broking
Dealer’s Diary
Good buying interest and positive global cues helped the markets end on a strong note on the last day (Thursday) of a shortened week. Initial forecast of a near-normal monsoon this year by the Indian Meteorological Department also boosted market sentiments. IT and Banking stocks were in demand throughout the trading session. Realty and Metal stocks picked up momentum in the last hour of trade. Banking stocks were in flavour for the day after inflation easedfrom more than three years’ high of 7.4%. The wholesale price index rose 7.14% for the week ended April 5, 2008, as per latest data. Among the frontliners, Infosys, DLF, HDFC, Hindalco and HDFC Bank gained 4-7%, while Reliance, REL, L&T, ACC and HUL lost ground by 0.5-3.5%. In the mid-cap segment, National Fertilers, Tata Tele Services, Development Credit Bank, MindTree and Chambal Fertilisers gained 13-23%, whereas Usha Martin, ST Trading corp, HEG Ltd., Jain Irrigation and Orchid Chem lost 4-12.5%.
Markets Today
The trend deciding level for the day is 4944 / 16483 .NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4999 / 16569 . However, if NIFTY trades below 4944 / 16483 for the first half-an-hour of trade then it may correct upto 4904 - 4849 /16395 – 16310
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Agri Fundamental Report By Angel Commodities
Click here to read the Agri Fundamental Report By Angel Commodities.
Contents:
- Chana
- Guar
- Black Pepper
- Red Chilli
- Turmeric
- Jeera
- Soya Complex
- Mustard Seed
- Sugar
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Derivative Report By Angel Broking
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A Nifty future has not shown any significant change in OI as it has increased by nominal 0.67% with fall in price by 0.23%. MINIFTY has shed open interest by 13.48%.
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A Nifty future is trading at a discount of 1.30 points from a premium of 17.50 points.
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Nifty PCR-OI has slipped to 1.24 levels from 1.28 levels.
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Implied volatility of at-the-money option has further gone down to 24.60% from 26%.
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Total Stock futures OI is Rs.24, 624 crores.
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Stocks which are trading at a remarkable premium are PURVA, SRF, PATELENG, DCB and HTMTGLOBAL.
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Nifty rollovers are 27.41%. Stocks like BHARATFORG, IOB, HINDALCO, UNITECH, and MAHSEAMLESS have witnessed maximum rolls. Read More.
Click here to read the complete Derivative Report by Angel Broking.
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
Bharat Shipyard Ltd - KRC Stock Recommendation
Bharat Shipyard Ltd
Q3FY08 Result Update
Key Data
CMP Rs 510
Date April 17th 2008
Sector Ship building/ Breaking
Face Value Rs.10
BSE Code 532609
52 Week H/L Rs 865/ 349
Market Cap Rs 1406 Cr
Investment Rationale
The current order book of Bharati Shipyard (BSL) is Rs 4,639 crore to be executable by FY2010. The order book to sales ratio stands at 10.9x FY07 revenues and 9.4x TTM revenues giving a clear visibility of revenues in the years to come. 67% of the order book of BSL comprises of exports and the balance 33% is domestic. More than 70% of the orders are for offshore support vessels, multipurpose vessels, platform supply vessels etc. BSL’s Mangalore yard will have a capacity to build vessels up to 60,000 DWT (Dead Weight Tonnage). The yard will focus more on specialized ships like tankers, bulk carriers, container ships, chemical carriers, product carriers etc. The machinery from the acquired Swan Hunter Shipyard would be transferred to Mangalore. The Mangalore yard is expected to commence shipbuilding operations by Dec 2008. With the initial focus on building rigs and dry bulk carriers, BSL can achieve faster capacity utilization and enhance the profitability in the upward shipbuilding boom. The company’s operating margins range from 19 to 21% (excluding subsidy) on a yearly basis. Going forward, we expect BSL to sustain the margins. This is due to the company’s policy of covering raw material purchases on a back to back basis (so as to hedge against any volatility in the prices of raw materials like steel).
17th April 2008 KRC Post Market Analysis
Market Commentary
|
|
No. of Scrips |
Value (Crs.) |
|
Advances |
852 |
12120 |
|
Declines |
268 |
3418 |
|
Unchanged |
22 |
7 |
|
Total |
1242 |
15545 |
Market Activity: Key share indices were up over 1% on firm cues from overseas markets.
At 10.14AM, Sensex was at 16448.48, up 204.29 or 1.2% from Wednesday’s close. Nifty was at 4938.35, up 51.05 points or 1.1%.
Technology and bank shares led gains, with Satyam Computer Services up 3.5%, top Nifty gainer. HDFC Bank and ICICI Bank were up 2% and 1%, respectively. Mindtree Consulting surged 15% after it Wednesday declared a bullish earnings outlook for 2008-09 (Apr-Mar). Orchid Chemicals & Pharmaceuticals fell 1% on profit sales after having risen 39% in the past three sessions, Hero Honda Motors, down 1%, was the sole laggard on Nifty.
17th April 2008 Market Commentary By KR Choksey
2.30PM Current News
- GMR Infra’s energy arm buys 5% stake in South Africa mining co
- TVS Motor: To launch 2 new Rs 40,000 two-wheelers in 1 year
- Frontline bank shares stayed firm, after headline inflation for the week to Apr 5 eased to 7.14% from 7.41% ago
Sector / Company
SBI, Macquarie, IFC enter pact to float $2 b fund. SBI is currently trading at 1700.25 up 2.05 % with a support of
1670 and a resistance of 1735. Read More.
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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
17th April 2008 Market Outlook BY Angel Broking
Dealer’s Diary
The markets on Wednesday opened positive mainly aided by the global markets. Both the benchmark indices, the Sensex and Nifty ended with gains of around 1% and 0.2%, respectively. Among the sectoral indices, the BSE IT and BSE Tech were the major gainers ending the day 4% and 2%, respectively. Banking and Cement majors meanwhile bore the brunt of the selling activity. The BSE Mid and Small-cap indices were the show stealers as they outperformed the benchmark indices gaining 1.4% and 1.8%, respectively. Among the frontliners, Reliance Hindalco, Reliance Energy, Wipro and Infosys gained 1.5-6%, while NTPC, Tata motors, Jaiprakash Associates, BHEL and Ambuja Cements lost ground by 2-4%. In the Mid-cap segment, Motilal Oswal, Orchid Chem, Onmobile, Usha Martin and Bombay Dyeing gained 10-16.5%, whereas Rajesh Exports, Bilcare, Ruchi Soya, United Breweries and Balaji Telefilms lost 3.5-5.5%.
Markets Today
The trend deciding level for the day is 4904/ 16286 .NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally upto 4934 – 4982 / 16372 -16501 . However, if NIFTY trades below 4904/ 16286 for the first half-an-hour of trade then it may correct upto 4857 – 4827 /16157 - 16070 Read More
For more stock tips, share market information and news, demat account opening and online share trading help in Mumbai and India Log on to www.angeltrade.com (top retail broking house in India and Mumbai) or kindly contact sales@angeltrade.com / 022 – 40003630
KRC Market Flash Thursday, 17th April, 2008
News Update: TVS Motor to decide on price hikes by Apr-end
News Update: Bhuwalka Steel buys stake in Benaka Sponge Iron for Rs 100 mn
News Update: Parsvnath Developers launches Parsvnath Premium
FII activity for 16/04/08: Net Buyers of Rs. 211.03 Crs. in Index Futures, Net Buyers of Rs 961.82 in Index Options, Net Buyers of Rs 140.08 Crs. in Stock Futures and Net Buyers of Rs 37.93 Crs in Stock Options.
Opening Market Review: Markets are likely to be volatile with positive bias. Nifty (market) is strong above weak below: 4904; Sensex: 16286; Nifty Rest: 4934-4982; Supt: 4857-4827; Sensex Rest: 16372-16501; Supt: 16157-16070. Buying (Trading) opportunities exist in Ansal Infra, Axis Bank, Kotak Bank, EKC, BEML, Biocon, BRFL, Great offshore, IVRCL Infra. Cash buying in Sterlite Tech, TechM, Bharat Forge, Century Tex, GMR Infra, Jindal Vijaynagar, Hinduja Ventures. Nifty April Fut. strong above/weak below: 4904; Rest: 4934-4982; Support: 4861-4831.
11.30AM, 17th April 2008 KRC Market Update
11.30AM
Current News
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TVS Motor to decide on price hikes by Apr-end
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Bhuwalka Steel buys stake in Benaka Sponge Iron for Rs 100 mn
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Parsvnath Developers launches Parsvnath Premium
Sector / Company
MindTree Ltd is currently trading at Rs 464.80, up 13.52%
MindTree Ltd an IT and R&D services company, reported 37.3% rise in Q4 revenue, predominantly helped by growth in volume and billing rates. Net profit for the quarter rose 41.5% to Rs 34.70 crore, while revenue increased to Rs 217.80 crore.
On a stand alone basis, the company saw a 1% increase in pricing, but when consolidated with Purple Vision, it fell to 0.2%. MindTree bought Purple Vision, the Indian unit of French electronic design and manufacturing services company TES Services Solutions S.A., in November 2007.
For fiscal 2009, the company expects $228 million to $238 million in software revenue. Net profit is expected to be $31.7 million to $33.1 million.
The revenue from India increased to 8.9 % of total revenue, compared with 4.7% in the corresponding quarter last year. Revenue from US declined to 62.4% from 64.7%.
Parsvnath Developers Ltd is currently trading at Rs 213.75, up 3.34%
Parsvnath Developers has signed an agreement with Read More
Click Here to read the complete 11.30AM, 17th April 2008 Market Update by KR Choksey.
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Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone:91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com
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