My Morning Call Goes For a SIX:
Southern Online Bio-Technologies Ltd was recommended today morning, to the Premium Group members at the price band between Rs.11.80 and Rs.12. It went on to hit the circuits, due to some very favourable developments in the company, which u will know within a short time.
The same thing is going to happen in Jai Parabolic Springs Ltd within a short time, so keep accumulating the counter.
Within some days, the real estate sector will get heated up and hence try to enter good companies in this sector, due to lot of favourable developments here. I have already recommended Ansal Buildwell Ltd and those who have entered keep holding, as u will never find a scrip of this stature at this price.
Keep adding Noida Toll Bridge Ltd, as like Ansal Buildwell Ltd, it has also been recommended by a Prominent Portfoliio Management Service. Remember it is a gem, which will pay u in the long run.
Today W S Industries Ltd reached Rs.64 (Recommended to the Premium Group members at Rs.51-Rs.52 range).
I will be recommending another Scrip on next Monday and hence Premium Members should keep the cash ready.
Range bound market: Keep Concentrated on Small and Medium Cap counters, though there are also opportunities in some of the large caps:
The highlight of today’s trading was strong market breadth. Even as the Sensex hovered in the red, buying continued in small-cap and mid-cap shares.
European markets opened on a weak note tracking weakness in Asian stocks and overnight fall in US stocks on Tuesday, 10 July 2007. Key benchmark indices in London, Germany and France were down by between 0.6% to 1.2%. Key benchmark indices in Asia were down by between 0.24% to 1.1%.
At 13:39 IST, Sensex was down 65 points at 14,945. Sensex moved 53 points between 14923 to 14976 since 12:30 IST. The market had recovered from lower level in early trade after initial sharp fall caused by Infosys results and on weak global markets. At the day's low of 14,829.55, the Sensex had shed 180.33 points for the day.
BSE clocked a turnover of Rs 3560 crore compared to Rs 2,831 crore at about 12:30 IST.
BSE Small-cap index was up 62.29 points or 0.78% at 8,071.95. BSE Mid-cap index was up 30.34 points or 0.46% at 6,695.94. Both the BSE Small-Cap index and BSE Mid-Cap index have witnessed a sustained rise over the past few months
The market breadth was strong. 1432 shares rose on BSE as compared to 1148 that declined. 78 were unchanged.
IT shares slipped as an upward revised in FY 2008 EPS and revenue guidance in dollar terms by Infosys failed to enthuse the market. Infosys was down 3.5% to Rs 1949. The stock moved between a low of Rs 1925 and high of Rs 2025 so far during the day. Volumes in the stock were substantial at 12.5 lakh shares on BSE,
TCS dropped 3.4% to Rs 1145, Satyam Computer shed 3.6% to Rs 479 and Wipro shed 1.7% to Rs 511.80. BSE IT index was down 2.8% at 4,893.46. IT stocks had bounced back ahead of Infosys results. Infosys today, 11 July 2007, revised upwards its EPS guidance for FY 2008 (year ending 31 March 2008) in dollar terms to a growth of 28.4% to 29.7% compared to the earlier guidance of 25.7% to 27.7% growth. It has also slightly raised the revenue guidance in dollar terms to 29% to 31%, from the earlier guidance of a growth of between 28% to 30%.
EPS guidance in rupee terms has been cut to reflect a growth of 15.6% to 16.8% compared to the earlier guidance of 20% to 22% growth. It has also reduced the revenue guidance in rupee terms to 16.9% to 18.3%, from the earlier guidance of a growth of 22.6% to 24.6%.
Infosys' consolidated net profit as per Indian GAAP was down 5.6% to Rs 1079 crore in Q1 June 2007, from Rs 1,144 crore in Q4 March 2007. Revenue was almost unchanged at Rs 3,773 crore in Q1 June 2007 compared to Rs 3,772 crore in Q4 March 2007.
Cement firms gained on expectations of good results, traders said. Second-largest cement maker ACC which reports June 2007 results next week, was up almost 3% to Rs 1067.50. Grasim gained 1.8% to Rs 2777 but Gujarat Ambuja Cements (GACL) dropped 1.2% to Rs 128.55
Index heavyweight Reliance Industries (RIL) managed to hold positive zone. The stock was up 0.19% to Rs 1705.50.
Auto shares drifted lower. Tata Motors lost 1.2% to Rs 735, Maruti Udyog shed 1.1% to Rs 803.50 and Mahindra & Mahindra lost 0.8% to Rs 781.
Reliance Energy rose 2.7% to Rs 630 after the firm said it would spend nearly Rs 60000 crore over five years to add 15,000 megawatts of power capacity.
BSE Realty index which was lunched by BSE on Tuesday, 10 July 2007, surged today. It was up 123.84 points or 1.68% at 7,501.37. A heavyweight in this index Unitech rose 1.6% to Rs 535 and another heavyweight DLF gained 0.4% to Rs 574. Indiabulls Real Estate surged 5% to Rs 492 and Mahindra Gesco Developers rose 1.2% to Rs 556.
Select PSU banks edged higher after bond yields fell to 4-½ month low today, raising hopes that interest rates had peaked atleast for the time being. Indian Overseas Bank rose 5.8% to Rs 134, Union Bank of India gained 3.9% to Rs 148, Bank of India gained 1.9% to Rs 243 and Bank of Baroda rose 1.2% to Rs 278
Select side counters surged. Gati (up 11.6% to Rs 114), Opto Circuit (up 12% to Rs 438), Macmillan India (up 17% to Rs 298), Titagarh Industries (up 14% to Rs 32.65), Birla Power Solutions (up 12% to Rs 36.50), GMR Industries (up 10% to Rs 158.20), Ramco Systems (up 10% to Rs 150), VIP Industries (up 9% to Rs 115), and TIL (up 8% to Rs 310) vaulted.
Reliance Natural Resources extended gained by 2.4% to Rs 41.40 after the firm said on Tuesday, 11 July 2007, it had sought government approvals to set up city gas distribution projects in Delhi and its adjoining towns as well as in Mumbai.
Nagarjuna Construction Company rose 1.8% to Rs 206 on reports private equity firm Blackstone was in talks to buy a stake in the company.
No comments:
Post a Comment