1. Chandra Prabhu International Ltd. Recommended second time at Rs.6. CMP-->Rs.10.25. The season of the company has started from this month. Watch out for the board meeting at the end of this month. The company is into Coal exploration, Synthetic Rubber, Petro Derivatives, Bio-Technology and Jatropha Plantation. The company of thinking of entering into real estate sector, but no concrete decision has been taken on this front. Action: Hold the shares of the company with a SL of Rs.9. 2.California Software Company Ltd. Recommended at Rs.75, when it rose to Rs.78. The stock is currently consolidating at around Rs.71.5 to Rs.75 range and is waiting for some solid triggers to move up. Looking attractive for the long term after its acquisition of CODEX, a Japanese firm couple of months back. Action: Hold the stock with a SL--->Rs.67 4. Hindustan Zinc Ltd Recommended at Rs.525. CMP-àRs.654.40 Action: Hold with a SL-->Rs.560 The metal prices might firm up after holidays in the Europe and the US. 5. Rolta Ltd Recommended at Rs.139. CMP-->Rs.219.95. The company is into high tech software making, CAD, CAM etc. But the stock seeems to me consolidating at this range. Action: Book Partial Profits( 75%) and hold the rest with a SL--->Rs.203. 6.Gateway Distripark Ltd. Recommended at Rs.171. CMP---->Rs.168.70. After recommendation Ealier moved to Rs.225 before going in for correction. This is one of the best listed logistics companies in India, should do well in future due to its large network. Action: For the short term there seems to be a trend reversal. Hold with a SL--->Rs.163. Actually one should exit completely at this point in the short term. 7. Tata Steel Ltd Recommended at Rs.425. CMP-->Rs.524.8. After it was recommended it crossed Rs.550. One of the best integrated steel companies in the world. Tata Steel Ltd is the lowest cost steel producer in the world till some months back. Should get benefit from the buoyancy in the steel cycle. But I am not too much bullish only only steel play. Better is Monnet Ispat & Power Ltd, which is both a steel and power play. Another two names are VBC Ferro Alloys and Kanishk Steel Ltd. Action: Hold with a SL--->510. 8. VBC Ferro Alloys Ltd. Recommended at Rs.100 and Rs.78. After recommendation the stock crossed Rs.137. CMP---> 9. Haldyn Glass Ltd Recommended at Rs.45. CMP--->Rs.42.75. This is an excellent company into making of Glass Bottles for Pharmaceutical, Brewerie, FMCG sectors. The EPS of the company for FY-05-06 is a whopping Rs.9. Action: Hold with a SL--->Rs.40.5. The stock is on the oversold region and should move up due to strong sectors ahead. 10.Tilaknagar Industries Ltd. Recommended at Rs.49.9. CMP-->Rs.49.65 after it rose to Rs.58.
This is a "Hidden Gem" in the brewerie( Alcohol) space. The proposed Joint Venture Proposal of the Company with M/s. Angostura Ltd., West Indies, for manufacture and distribution of alcoholic beverages in India, will come into effect either from the end of this year [Read by December, 2006] or by the beginning of the next year according to a top source who wanted to remain annonymous. Earlier both the parties signed 'Memorandum of Understanding' on October 12, 2005,on this front.The Joint Venture Company was formed with an equity shareholding at 50% / 50% between the Company and Angostura Ltd.Premium Bottled-in-Origin brands belonging to Angostura group companies viz. C L World Brands, Burn Stewart and Belvedere will be directly imported and marketed by the Joint Venture Company and other brands will be bottled at Company's state-of-the-art bottling facility at Shrirampur, Dist. Ahmednagar.This joint venture will increase both the revenues and net profit of the company. The company's new plant has started working from March, 2006. Due to increased urbanisation and mass awareness, the sale of Alcohol is all set to increase in the days to come. Besides with Festive & Winter seasons approaching, the sale of Liquor will increase in the coming quarters. This is an excellent company to play on, and on the last friday the volume in the counter increased indicating that the stock is now ready to move towards the first target of Rs.67, as it has completed the downward correction.
Action:Hold the stock with a SL--->Rs.49
11. Kanishk Steel Industries Ltd
Recommended at Rs.60 and at Rs.27( Second time for averaging).
The company is on a massive growth path after performing some restructuring exercise. Its venture into Drilling & Exploration field will generate good revenues for the company. The buoyancy in the steel sector is also going to help it improve the bottomline.
12. Gujarat Hotels Ltd
The hotel sector should show robust growth as the season for Hotel Industry starting from this month. Throughout India, there has been a shortage of hotel room.THis has been aggrevated following India being declared 4th Best destination for tourism, after Italy conquered the first position. In this Hotel ITC Ltd halds a majority stake.The company has increased the room rent and is almost on the verge of completing the renovation activities. After the renovation the company might go for another round of rate hike of its rooms.
Action: Hold with a SL-->Rs.50.
Adding more one by one...please bear with me....this is due to Power and Internet problems.
Best wishes,
Suman Mukherjee
India.
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