Market Mantra:

[Updated at 0615 hours on 09-02-07]

Noida Toll Bridge Company Ltd looks good at the current price of around Rs.32.2 after the company turnaround in the last quarter garnering profits in place of net loss, Q-o-Q. For the 31 st December, 2006, the net profit of the company surged to Rs.3.03 Cr against a net loss of Rs.2.97 Cr in the same period previous year. The net Sales improved from Rs.9.98 Cr to Rs.12.07 Cr in December, 2006 quarter. Sequentially speaking also the results were good.

The list of companies who hold postion in the company, include who's who of the Corporate World: HSBC Global Investment Mauritius Ltd. holds 7.46%, New Okhla Industrial Development Authority holds 5.37 %, Life Insurance Corporation of India holds 4.84 %, Merrill Lynch Capital Markets Espana S.A.S.V holds 4.01 %, IFCI LTD holds 1.93%, Morgan Stanley Dean witter Mauritius holds 1.87 %, First State Investments (Hongkong) Ltd A/c First state Indian Subcontinent fund holds 1.8%, CLSA Merchant Bankers Ltd A/c CLSA (Mauritius) Ltd holds 1.71%, Voyager Fund Mauritius Ltd holds 1.69 %, ICICI Brokerage Services Ltd holds 1.61%, HSBC Global Investment Funds A/C HSBC Globalinvest holds 1.5%, Citigroup Global Markets Mauritius Pvt Ltd holds 1.34%, Goldman Sachs Investments (Mauritius) I Ltd holds 1.26%, The New India Assurance Company ltd holds, 1.07 & General Insurance Corporation of India holds 1.07 % in the company which is equaly to 38.53 % of the total or 71741466 shares. Moreover, the company has recently amalgamted its 100% subsidiary, DND Flyway Limited, with itself.. Going forward the company could report encouraging results both for its top and bottomlines. The shares of Noida Toll Bridge Company is available at throwaway price of Rs.32.3. Add/ Hold Selan Exploration Technolgy Ltd, as the company could spring surprise in the days to come. Merrill Lynch Capital Markets goo. There recent media news that the company has struck Crude Oil in a number of its wells. If the reports are correct, then it will be able to take the stock to dizzy heights--Rs.500 plus is not impossible. The company has a small equity base and also the last quarter results are encouraging. More news to follow in this counter from my desk ahead. Also add Premier Explosives Ltd on all declines as the company could surprise everybody in the days to come. The company's share price has till now underperformed the markets and HENCE THE CATCH. Also Vamshi Rubber after the results of December, 2006 quarter looks good and can be bought with a price target of Rs.20---Rs.25 in the days to come. The company should benefit from the fall in crude prices and also from the consolidation of price of Natural Rubber. The most important factor is that the company is completing its expansion by the end of fiscal 2006-07 and also the company has strengthened its marketing network. Book SOME (Not all) profits in BSEL Infrastructure Realty Ltd, Cummins (I) Ltd(Recommended at Rs.139 and Rs.173) and also in Flat Products Equipments Ltd(Recommended at Rs.94 and Rs.101 in www.3paisa.com). Gravity(I) Ltd is also consolidating at the current price and waiting for the next upmove.

My recommended Monnet Ispat Ltd crossed Rs.230 and reaches its first target. Hold on it for the next target. Hold / Trim ur positions in Vishal Exports Overseas Ltd(do not take fresh positions but do not exit completely) and keep holding the rest with a SL of Rs.3.15. Use the buoyancy in the counter of Sujana Universal Ltd to exit completely, as mentioned earlier through the Yahoo Messanger. The computer system is performing satisfactorily after a massive virus attack which damaged my Hard Disk(Created some bad sectors in the Disc). More in the following postings...... Best wishes, Suman Mukherjee India www.eindiabrokers.com www.myiris.com www.3paisa.com