Today's Call:Buy Kisan Mouldings Ltd(BSE Code-->530145).

The Company's principal activity is to manufacture PVC pipes and plastic moulded furniture and fittings. The product includes all kinds of firings of PVC resin, flush tank, PVC pipes and hope pipes and plastic furniture. The company operates in two segments, namely, PVC pipes and fittings and Moulded furniture.

In the year 2005, following the amalgamation of Gaurav Agro Plast Limited (GAPL) in terms of the Scheme of Amalgamation, Kisan Moulding has advantageous to avail the benefits from the combined activities and operations of two Companies into a single Company for synergistic linkages besides the benefit of financial resources and managerial expertise of each other which is reflected in the profitability of the amalgamated company. The Amalgamation besides offering other benefits has also result in cost saving, pooling of resources, larger net worth base, wider dealer network.

Kisan Moulding ltd has excellent & wide dealer network throughout the country gives another edge to the company to deal with logistics issues. The Kisan brand enjoys enviable reputation in the market having over 1600 dealers spread through out the country.

Under Building and Construction Material it manufactures following items: 1) SWR Drainage System

2) Under water management system it manufactures following items: a)UPVC Pipes b) HDPE Pipes c) PPR Pipes and fitting d) Drip Irrigation system e)Sprinkler system which have tremendous demand in agriculture sector. 3) Furniture: It manufactures following items a) Chairs b) baby chairs c) Multi Purpose Trolley d) Center Table e) Storage Drum f) Dining Table g) Stool etc

Kisan Moulding Ltd had a very small equity of Rs 3.5 Crore which has been expanded after merger with Guarav Agro Plast ltd, at present equity is placed at Rs 7.03 Crore out of which promoters holds 74 percent of the equity.

Buy this scrip with a Price target of Rs.70, in 8 months to 12 months time frame. Try booking some profits in H B Portfolio Ltd, as I see the operators taking charge on the scrip.

Strong GDP and inflation figures boost market further :

The market extended gains, after opening firm as buying continued in index pivotals, aided by fresh build-up of positions in the derivatives segment for the September 2007 series. Data showing robust GDP growth in the April-June 2007 quarter, easing of political worries and firm Asian markets boosted domestic bourses. India's wholesale price index rose 3.94% in the 12 months to 18 August 2007, lower than the previous week's 4.10% due to a decline in some manufactured product prices, government data showed. It is the first time when annual inflation has fallen below 4% since the end of April 2006. The annual inflation rate was 5.12% during the corresponding week of the previous year. Reliance Industries hit an all-time high of Rs 1965. All the Asian markets were trading higher today, 31 August 2007. The turnover on BSE was healthy on fresh buying. India's economy in the April-June 2007 quarter grew at 9.3% from a year earlier, led by robust manufacturing and services. Manufacturing grew an annual 11.9% in the April-June 2007 quarter, lower than the 12.4% in the previous quarter. Services grew at an annual pace of 10.6%, while farming expanded by 3.8%. India's economy grew 9.4% in the fiscal year that ended March 2007, its fastest rate in 18 years. The central bank has set a target of 8.5% growth for this fiscal year. The GDP data was released by the government at about 11:00 IST today, 31 August 2007. Meanwhile, the UPA and the Left on Thursday, 30 August 2007 agreed on a compromise formula and also agreed on the formation of a committee to look at Left objections to the 123 agreement. The committee will look into certain aspects of the bilateral agreement including the implication of the Hyde Act on the 123 agreement, self reliance in the nuclear sector and the implication of nuclear agreement on foreign policy and security cooperation. At 12:44 IST, the BSE 30-share Sensex was up 208.60 points, or 1.38%, to 15,330.34. It opened higher at 15,131.36 and advanced further to hit a high of 15,350.91. The S&P CNX Nifty was up 54.45 points, or 1.23%, to 4,466.75 The market breadth was strong on BSE, with 1,666 shares advancing as compared to 863 that declined, while 68 remained unchanged. The BSE Mid-cap index was up 1.52% to 6,583.76, outperforming the broad market. The BSE Small-Cap index, higher by 1.01% to 8,038.19, had, however, underperformed the market. The total turnover on BSE amounted to Rs 2435 crore by 12:30 ISTas compared to Rs 1727 crore by 11:30 IST. All the sectoral indices on BSE posted steady gains. The BSE Auto Index (up 2.53% at 4,897.76), BSE Health Care Index (up 1.72% at 3,561.32), BSE Metal Index (up 1.74% at 11,493.62), BSE Oil and Gas Index (up 2.18% at 8,150.59), BSE PSU index (up 2.05% to 7,091.77), BSE Bankex (up 1.79% at 7,890.20) and BSE Realty index (up 2.03% to 7,260.05) outperformed the Sensex. However, BSE Capital Goods Index (up 1.04% at 13,444.95), BSE FMCG Index (up 0.89% at 1,966.76), BSE IT Index (up 0.77% at 4,587.58), BSE Consumer Durables index (up 1.52% to 4,336.70) and BSE TecK index (up 0.75% to 3,619.88) were underperformers. From the 30-member Sensex pack, 28 were trading higher while the rest declined. Auto stocks gained on momentum buying in the wake of possible merger & acquisition (M&A) activity. Also receding fears of hike in petrol prices triggered further buying. Mahindra & Mahindra, the country’s top tractor maker by sales rallied 5.77% to Rs 715 on 1.57 lakh shares. It was the top gainer from the Sensex pack. The stock has soared 10.30% to Rs 675.15 on 30 August 2007 in the past 7 trading sessions riding on reports that it is conducting due diligence on Jaguar and Land Rover, put up for sale by Ford. Other potential bidders include private equity groups TPG Capital, Cerberus Capital Management, Ripplewood Holdings, One Equity Partners and Tata Motors. India's top truck maker Tata Motors advanced 3.47% to Rs 705.55. Maruti Udyog (up 3.87% to Rs 866), and Bajaj Auto (up 0.57% to Rs 2378), were the other gainers from Auto pack. NTPC, the country’s largest power generation company, surged 3.64% to Rs 172.25. The stock rose after both NTPC and Reliance Industries (RIL), involved in a legal battle in the Bombay High Court over supply of natural gas, yesterday, 30 August 2007, sought an early hearing and a final decision on the petition filed by NTPC. NTPC has earlier argued that RIL agreed to supply gas to it from its new gas finds in Krishna Godavari basin, and the agreement was finalised. However, RIL is disputing the claim, saying that agreement was not yet final and was subject to negotiations on some points. India’s largest private sector entity in terms of market capitalisation and oil refiner Reliance Industries galloped to an all-time high of Rs 1965 displacing its previous all-time high of Rs 1948 struck on 26 July 2007. It was now up 2.44% to Rs 1954 on 7.05 lakh shares. RIL has gained 12.20% from the recent low of Rs 1742.60 on 23 August 2007. India’s third largest IT services provider Wipro rose 1.21% to Rs 482.45 on reports it plans to buy US analytics services provider marketRx, whose valuation is pegged at close to $160 million. The newspaper report said five suitors had expressed interest in the Bridgewater, New Jersey-based firm, which provides analytics and market research to the pharmaceutical industry, after the company mandated William Blair & Co in the United states and Avendus in India to explore options. India’s second largest software services exporter Infosys Technologies is also in the race. It’s shares were however down 0.07% to Rs 1857.10 India’s second largest private sector bank in terms of net profit HDFC Bank was the top loser from Sensex pack. It lost 0.24% to Rs 1179 on volumes of 47,811 shares. Hindalco Industries lost 0.21% to Rs 158.10 on 3.95 lakh shares. GE Capital Transportation Financial Services rose 2.26% to Rs 97.20 after it said its board will meet on 7 September 2007 to consider rights issue to meet the capital to risk weighted assets of 10%, as prescribed by the Reserve Bank of India. Paramount Communications surged 7.98% to Rs 29.10 on reports that it plans to buy UK-based AEI Cables, an unit of TT Electronics, for about Rs 260 crore. AEI Cables is a provider of cabling solutions to the industries like construction, defence, industrial, fire protection, mining, oil and gas, power and rail. Yes Bank vaulted 8.67% to Rs 182.30 after it has decided to spin off its investment banking division into a wholly owned subsidiary. The move is aimed at reflecting the robust growth achieved by the division in clinching deals in private equity syndication, mergers & acquisitions (M&A) and initial public offerings (IPOs). All the Asian markets were trading higher today, 31 August 2007. Japan's Nikkei (up 2.57% at 16,569.09), Taiwan's Taiwan Weighted (up 2.41% at 8,982.16), Hong Kong's Hang Seng (up 1.74% at 23,892.45), Shanghai Composite (up 1.07% to 5,223.28), Singapore's Straits Times (up 1.90% at 3,384.38), and South Korea's Seoul Composite (up 1.71% at 1,873.24) edged higher. US stocks fell yesterday, 30 August 2007, on mounting concerns that credit market upheaval will erode profits and hold back consumer spending. The Dow Jones industrial average lost 50.56 points, or 0.38%, to 13,238.73. The Standard & Poor's 500 Index was down 6.12 points, or 0.42%, to 1,457.64. The Nasdaq Composite Index was up 2.14 points, or 0.08%, to 2,565.30. As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 563.66 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 352.96 crore on Thursday, 30 August 2007. As per reports, the marketwide rollover of positions from August 2007 series to September 2007 series stood at 82.3%, while Nifty rollover was 70%. The high open interest positions indicates a bullish undertone. Liquidation of outstanding positions would have signalled a dim outlook on the future course of the market. The August 2007 futures & options (F&O) contracts expired on Thursday, 30 August 2007. Crude oil prices steadied on Friday, 31 August 2007, as concerns over low oil stocks in the United States were compounded by a possible tropical storm forming in the Atlantic. US crude rose 24 cents to $73.60 a barrel while London Brent was up 21 cents at $72.11 a barrel. The BSE Sensex surged 957 points, or 6.76%, in four trading sessions, from its 14,163.98 on 23 August 2007 to 15,121.74 on 30 August 2007.