Government may hike Coal prices Shaleen Agarwal [Many in the markets believe that Ennore Coke Ltd with its overseas coal mines and having a number of plants in India to manufacture Met-coke should not trade below Rs.150. The overseas shipments from its Coal Mines have already started to arrive in India........Therefore my hearty congratulations to the share holders of Ennore Coke Ltd. Moreover, I hope you have now learnt about the good news in Glory Polyfilms Ltd. which has completed the 1st Phase of expansion......(full news to the Paid Group Only). Those who have sold this scrip will repent now........ .] New Delhi: The government may consider hiking the prices of domestic coal, Sriprakash Jaiswal , the minister of state for coal (independent charge), said on Friday. The increase is due to the current economic conditions, where commodity prices are rising, and the impact of the Sixth Pay Commission on Coal India ( CIL ), the state-run miner. The price rise will be the minimum po...
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Industry pitches for reforms in first 100 days of new govt CII’s agenda includes a demand for a reduction in the repo and reverse repo rates by at least 50 basis points, to 4.25% and 2.75%, respectively By Shabana Hussain New Delhi: Business lobbies Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci) have recommended a set of economic reforms for the early months of the United Progressive Alliance government. CII’s agenda includes a demand for a reduction in the repo and reverse repo rates by at least 50 basis points, to 4.25% and 2.75%, respectively. Disinvestment of equity in well-performing public sector units and introduction of the goods and services tax regime are among the other recommendations. “We expect the new government to move forward on reforms, now that a stable government is in place,” said Venu Srinivasan, president of CII. In its 100-day agenda, Ficci has asked for measures that will restore economic growth to...
BJP-AGP tie-up works in Assam By Nava Thakuria [ My addition: I am proved correct in Assam elections as BJP did exceptionally well this time against the last year's figures; while it as proved beyond doubt that NDTV, News 24 and CNN IBN presented highly motivated news giving 9 (nine) seats to Congress. Also, the fact that Congress Heavy-weights like Santosh Mohan Dev lost very badly (came third this time) proves that BJP-AGP combine is emerging as a major force in Assam; where illegal Bangladeshi infiltration and terrorism are the main issues. The "Purchased" Medias' prediction of Congress gettin g 9 (nine) seats also fell flat on the nose, like their prediction of Hung-Parliament...... At the moment the Congress is busy in striking an alliance with the Muslim League of Assam, the UDF, in view of BPT threatening to withdraw support from the government. ' To remain in power anywhere in India, the Congress Party can do anything----no ethics and virtually nothing.....
WINNING STROKES: THINK DIFFERENT: Vipul Ltd recommended in the morning to the Paid Group (Premium and Quickie) through SMS hits the buyer freeze. The company is into construction business. CHD Developers Ltd recommended in the morning to the Paid Groups through SMS hits the buyer freeze. The stock was later recommended to the Free Groups as well. The company is also into real estate development. Some good news is coming in case of Glory Polyfilms Ltd. Hence those who have already bought the scrip earlier are requested to keep holding or add on declines. The fact that the scrip is near its 52-week low price, makes it look attractive. BSEL Infrastructure Realty Ltd recommended around Rs.11, is almost near its first target. Its overseas operations are doing well. Northgate Technologies Ltd recommended yesterday, on some specific news hits the buyer freeze on opening trade. Northgate Technologies Ltd (Northgate) earlier informed the BSE that the Company has over recent months received a n...
Highly volatile stocks give better returns Kumar Shankar Roy CHENNAI: For investors who chose to stick on with high-beta stocks, which are more volatile than their benchmark, the bet seems to have paid off. In the last 30 days, the top BSE-listed 100 stocks with highest beta have given an average 32% more than the benchmark’s returns (of around 28%) while the 100 stocks with lowest beta have underperformed sensex by 7% in the same time, data from CMIE shows. A beta of greater than 1 indicates that the stocks’ price will be more volatile than the market. For example, if a stock’s beta is 1.2, it’s theoretically 20% more volatile than the market - which means if market goes up 100%, the stock will go up 120%. An analysis of the 30-day returns shows that stocks such as India Infoline (beta of 2), Orbit Corporation (beta of 1.93), Unitech (beta of 1.86), IFCI (beta of 1.71), Everonn Systems (beta of 1.69), Hindustan Construction (beta of 1.66), Aptech (beta of 1.62) have all delivered o...
A whooping 47 (forty seven) crorepatis in new Dr. Manmohan Singh government Among the less rich ministers, Dr. Mamata Banerjee is followed by Trinamool colleague Adhikari Sisir Kumar with Rs 10.8 lakh of wealth and Kerala MP Anto Antony with Rs 14.24 lakh worth of assets. [ My inputs: That is why I like Mamata didi , inspite of her mercurial temper......Do you think all of these " crore patis " have joined the government /politics to Serve People of India or to do service to the Indians..??!! I think you know the answer...!! I think you have seen one sample earlier who in her "Josh" of presiding over a ministry, asked all teenagers to go and drink alcohol in pubs and create mischief , because it was their "Constitutional Right"-----I hope by now you know the name and yes it is indeed, Renuka Choudhury , from Andhra Pradesh ; the " crore pati " minister who was humbled this time by Telegu Desham Candidate, though most of the ...
WINNING STROKES: THINK DIFFERENT: Northgate Technologies Ltd (BSE Code: 590057) recommended today (28th May, 2009) morning through SMS to Paid Members hit the buyer freeze with huge volume. What is the story in the company?? Sanguine Media Ltd hit 5th consecutive buyer freeze in the opening trade. The stock has a long way to go. Pyramid Saimira Theatres Ltd hit the buyer freeze before cooling down a bit. The stock which was once trading above Rs.500 is now available at around Rs.25.5. SAAG RR Infra Ltd recommended yesterday to both the free and Paid Group members hit another buyer freeze today. The stock is still trading at a dirt cheap price. Prajay Engineers Syndicate Ltd hit another buyer freeze. The company derives a good amount of revenue from the Hospitality Business (it has hotels and resorts) as well. The stock according to many analysts should not trade below Rs.150. There are rumours floating in the market that suddenly a big bull has turned positive on Ennore Coke Ltd and...
THE MACRO VIEW: PACKAGING INDUSTRY The Indian packaging industry stands at Rs.650 bn and will grow at 5-20% depending on the type of packaging. Growth rate of the domestic packaging industry is more than the developed countries' growth rate of around 3%. The fastest ,growing segments are laminates and flexible packaging, especially PET and woven sacks. The food processing industry is likely to double its capacity over the next 3-4 years, leading to huge demand for packaging materi al. Moreover, the shift from loose packs to branded packs will drive growth for the industry. Domestic demand for polyester film grew at 90% CAGR from 80,000 tpa in 2002 to 20,00,000 tpa in 2007. With this sigh growth rate, India is likely to become the second largest market for polyester films after the US in the years to come. Huge expansion of the retail segment is likely to enhance packaging material requirement, as all major retail giants are likely to start their private label for food items li...
April existing home sales rise by 2.9 percent Existing US home sales post 2.9 pct monthly increase in April as buyers snap up bargains WASHINGTON -- Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels. The National Association of Realtors said Wednesday that home sales rose 2.9 percent to an annual rate of 4.68 million last month, from a downwardly revised pace of 4.55 million in March. The results slightly beat economists' forecasts. Sales had been expected to rise to an annual pace of 4.66 million units, according to Thomson Reuters. The median sales price plunged to $170,200, down from $201,300 in the same month last year. That was the second-largest price drop on record after January, when prices fell 17.5 percent. The number of unsold homes on the market at the end of April rose almost 9 percent from a month earlier to nearly 4 million...
US recession to end soon, modest recovery seen: Poll WASHINGTON: The US recession is set to end "soon," but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. The survey of 45 professional forecasters released by the National Association of Business Economists (NABE) on Wednesday found almost three-quarters expected the economic downturn to end by the third quarter of this year. The remaining saw the turning point delayed until either the last quarter of this year or the first three months of 2010. None of the respondents believed the recession, now in its 17th month, would extend beyond the first quarter of 2010. "While the overall tone remains soft, there are emerging signs that the economy is stabilizing," said NABE President Chris Varvares. "Business economists look for the recession to end soon, but that the economic recovery is likely to be...
WINNING STROKES: THINK DIFFERENT: SAAG RR Infra Ltd (BSE Code: 531374) recommended in the morning (today) first to the Paid and then to free Groups, hit the buyer freeze on good volume. But why??!! As mentioned yesterday in this blog to buy on dips, the market staged a smart come back today. Moreover, as expected the Real Estate/Construction performed well today. Ennore Coke ltd hit the buyer freeze before cooling down a bit. Please continue accumulating this scrip for some wonderful gains in future. Prajay Engineers Syndicate Ltd hit the buyer freeze in the opening trade. The stock should move up higher on the back of good business, both from the construction space and Hospitality space (The company is also into Hotel Business, as mentioned earlier). Glory Polfilms Ltd (BSE Code:532857): It is a part of the Praksh Kela Group of Industries which has over 25 years of expertise in multilayer polyfilms manufacturing. Glory Polyfilms has a state-of-the art Imported and Indian machines to...
As expected the US markets on fire, as consumer confidence shoots I hope Premium Members have understood the real story (and the brand new story) of Kohinoor Broadcasting Corporation Ltd and hence the number of pending orders in the counter, became 3 times the previous day. Now what is the story of Sanguine Media Services Ltd and Glory Polyfilms Ltd.??!! What are the targets of both the scrip??!! Some Bombay based analysts are of the view that Prajay Engineers Syndicate with: (a) Land bank with a current market value of close to Rs.950 Cr (b) Prajay Autopolis, a kind automobile mall, with a constructed area of over 30.87 lakh square feet, in Hyderabad. (c It entering into Goa market, where it is constructing 5 star hotel. (d) a 30-room boutique hotel in the city of Hyderabad, aimed at the business category and a 90-rooms facility at its resort about 16km from the airport at Shamirpet under the ‘Celebrity’ brand, (d) Book Value of Rs.152.34 and market cap of only Rs.135.76 cannot trade ...
Housing projects are back with a vengeance Raghavendra Kamath DLF, Unitech, HDIL & Puravankara line up 60 million square feet of new launches Top real estate developers are trying their best to make up for lost time. Buoyed by encouraging response from home-buyers for their marked-down propertie s, companies such as DLF, Unitech, HDIL and others have lined up housing projects of over 60 million square feet — all in the current financial year. This is more than double the sales bookings in the past financial year. Presentations by these companies to analysts show that Unitech is leading with 27 million square feet of new launches. DLF’s tally is 15 million square feet, roughly the same as last year’s. Puravankara and HDIL follow with 6 to 9 million and 8 million square feet respectively. Mid-income housing is the flavour of the year and accounts for around 90 per cent of the projects. After a prolonged lull in the property market in 2008, which saw sales declining 70 per cent...
Liquidity starts seeping back into India Inc Kumar Yogesh Banks are now shedding their aversion to financing new projects and foreign investors are heading back to India. According to government estimates, infrastructure projects worth nearly Rs.46, 000 crore will be awarded in the coming months.. THOUGH PRIVATE and the foreign banks are yet to step up lending in a big way, public sector banks have started financing projects. The result: Funding of over Rs 58,000 crore (Rs 580 billion) for large projects has been tied up in the last six weeks. The list includes Indian Oil's Paradip refinery (Rs 14,900 crore or Rs 149 billion), State Bank of India's loan to NTPC (Rs 8,500 crore or Rs 85 billion), Krishnapattnam Port (Rs 3,000 crore or Rs 30 billion), BGR Energy's engineering, procurement and construction work (Rs 4,000 crore or Rs 40 billion), SBI's loans to Vodafone (Rs 10,000 crore or Rs 100 billion) and the Anil Dhirubhai Ambani group's three projects (Rs 14,500 c...
WINNING STROKES: THINK DIFFERENT: The bulls in full control of the market momentum. A breakout likely in the days to come. Buy on dips seems to be the "mantra" for this season... The momentum in Prajay Engineers Syndicate, Dolat Investment Ltd, Ennore Coke Ltd, Kohinoor Broadcasting Corporation Ltd (What is the new news in the counter??!!), Fame India Ltd and Glory Polyfilms Ltd ( www.glorypolyfilms.com ) seems to be very strong.... The price action yesterday depicted choppiness around the 4200 mark. Eventually the day ended just a tad below the even keel showing the indecisiveness in the markets. The trend of the market is still positive as the bulls seems to be in full charge of the affairs . This means that the chance of an upside breakout of the current range is more likely. A move above 4310 is likely to result into very strong momentum on the upside. Traders should initiate positions accordingly and should use every dip as a buying opportunity. The long-term trend of th...
WINNING STROKES: THINK DIFFERENT: Ennore Coke Ltd hit the buyer freeze with good volumes. The stock is expected to give superb returns going forward . Keep accumulating on all declines. Prajay Engineers Syndicate Ltd hit another consecutive buyer freeze. However, please book at least some profits in the counter as the stock has moved up too much in too little time. Fame India Ltd recommended as a Sunday Report recommendation a couple of weeks back hit the buyer freeze. Report at: www.sumanspeaks.blogspot.com . Pyramid Saimira Theatres Ltd hit the buyer freeze on some positive development in the company. The media sector is doing excellently well in the last few weeks. The fell to some absurd price from its peak level of Rs.500 plus. DCB Ltd recommended around Rs.14--15, crossed Rs.40 today. However, book some profit in the counter. Sanguine Media Ltd hit another buyer freeze. Those who have still not bought the stock please try it tomorrow. The stock is trading at an absurd price. ...