Some Scrips Needs to be Watched and Entered:

1. Nagpur Power and Industries Ltd (BSE Code-->532362): It is a High growth Ferro Alloy Company and is expected to do well due to rise in the Prices of Ferro Alloys and also due to increasing demand of ferro alloys from India and abroad. Nagpur Power and Industries had acquired equity shares of Motwane Manufacturing for Rs 25.20 million in September 2007. The company now holds 44% of the share capital of Motwane Manufacturing. Motwane Manufacturing is engaged in the business of manufacturing of test and measuring instruments at Nashik. Net profit of Nagpur Power & Industries rose 480.00% to Rs 3.19 crore in the quarter ended September 2007 as against Rs 0.55 crore during the previous quarter ended September 2006. Sales rose 182.80% to Rs 5.26 crore in the quarter ended September 2007 as against Rs 1.86 crore during the previous quarter ended September 2006. CMP -->Rs.60.75. Target--> Rs.96 in 90 days.

2. Clutch Auto Ltd (BSE Code-->505052): The Clutch Auto stock is seen to be accumulated by investors who apparently wish to stay in sync with a company that ranks among the country's top makers of clutches and assemblies. It is the largest clutch marker in India. That the company specialises in the heavy-duty segment, which offers scope in the new as well as the replacement market. In the past, the company suffered a bad patch due cash-flow problems and high-cost debt burden. It also took time to master the clutch technology. But the worst is over now. The company is likely to be a major gainer due to an over 30% YoY growth in CV sales and auto component outsourcing from India.

Technology development: Globally, clutch manufacturing is a proprietary technology controlled by a handful of companies in Japan, West Europe and North America. Clutch Auto has joined this elite club and is the biggest supplier to CV and farm equipment manufacturers in India.

Due to its efforts in re-engineering and R&D, the company has filed 18 patents in India and 11 in the US for its in-house innovations in clutch technology. Having access to its own technology gives the company an advantage over its domestic competitors, which depend on their foreign JV partners for technology. This not only reduces their time-to-market, but also makes their products costlier, as they have to pay royalty and technical fees to their foreign partners.

The low-cost manufacturing base in India gives Clutch Auto a competitive edge over global majors like Eaton Corporation, Luk, Valeo, Exedy Corp and ZF Friedrichshafen. At present, exports account for around 30% of the company’s net sales, with North America being its biggest market. Low-cost expansion: Having consolidated its operations, the company is now working on a three-year capacity expansion (capex) plan to triple its production capacity to 4 million units of clutch plates and clutch assemblies by FY10, from around 1.4 million units currently. Expansion is being done at a relatively modest cost of Rs 30 crore — almost a third of its FY06 gross block of Rs 87 crore. The company says basic infrastructure and common facilities are already in place. It merely has to invest in some balancing and finishing equipment to raise its capacity. With operating margins set to improve further, capex will be funded via internal accruals, thus protecting the company’s bottomline from an increase in interest rates.

To control its raw material cost, the company recently acquired the assets of Gurukripa Founders & Engineers (GKF), a promoters’ concern. GKF is engaged in the production of castings used in clutch manufacturing. This acquisition will give the company a better control over its input costs. GKF currently has an installed capacity of 750 MT per month and acquisition of assets of GKF would provide direct control on uninterrupted supply of clutch castings as it is a source approved by leading vehicle manufacturers like Tata Motors, Mahindra and Mahindra and Ashok Leyland besides important foreign customers. It is now in the process of augmenting it capacity to 1,200 tonnes per month from 750 tonnes.

Financial restructuring: The company has implemented a debt-restructuring plan, under which, it pre-paid a part of its loan by raising equity and refinancing the balance with low-cost term loans. This resulted in a significant turnaround in Clutch Auto’s financial ratios. From a high of 4.9 during FY04, its debt-to-equity ratio declined to 1.3 during FY06 and is expected to improve further to 0.7 during FY08. Interest coverage during the period improved from significantly in the first few months of FY08. This has significantly strengthened the company’s balance sheet, making it less vulnerable to any downturn in the industry’s fortune and rise in interest rates.

Clutch Auto is in future expected to leverage its US facility to meet growing demand. Earlier Clutch Auto Ltd had been in the news for entering into a joint venture with US-based Pioneer Clutches to distribute the company's products in the US and other markets. CMP--->Rs.103.75. Target--> Rs.220, in the next 180 days.

3. Indo Borax and Chemicals Ltd (BSE Code-->524342): One of the two major boric acic producing companies in India. It will gain from the appreciation of Indian rupee as it imports a key raw material called Boron, from overseas. New mines opening up in East European countries could help IBCL boost its EBIDTA margins and volumes over the next two years. Stringent implementation of import regulations post Oct 2006 has resulted in traders/importers getting eliminated from the trade of Boric Acid/Borax and manufacturers like IBCL enjoying a larger clout. IBCL caters to diversified fast growing user industries like glass, ceramics, pharmaceutical, electroplating, leather, etc, each of which is on a high growth path. Asthe cost of products sold by IBCL forms a small part of total cost of its customers, price increases by IBCL are accepted without much resistance. IBCL has raised prices of all its products by 15-25% since Oct 01, 2007. This could push its revenues and margins significantly from 2HFY08 onwards. CMP-->Rs.145.85. Target--> Rs.270 in the next 180 days.

4. BNK Capital Markets Ltd (BSE Code-->500069): It has huge number of shares of CESC Ltd(Calcutta Electric) purchased at very low valuations. With CESC Ltd expected to cross Rs.1500 with 2009 end due to power and real estate, BNK Capital Markets Ltd is likely to remain strong during that period. It is also holding huge number of shares of other listed and unlisted companies as well. It is still retaining the colour of its holding it had in March, 2007; which means the company has huge hidden value. It had earlier started it's Dubai Venture but had to stop due to some RBI regulations and which could start again at any time--the company is looking at the RBI for the clearance. It has also holdings in BNK Securities Ltd and a BPO Company in Kolkata. It is worth Mentioning that BNK Capital Markets Ltd has acquired membership of Dubai Gold and Commodities Exchange, UAE earlier--do u remember, Financial Technologies Ltd for instance. CMP--Rs.83.25. Target-->Rs.132 in the next 90 days and Rs.500 plus by 2009, when it is expected to sell some of the holdings in CESC Ltd unlocking huge value. The stock is available at the price of penny compared to some of its peers.

Short Treatise of BNK Group: Over Six Decades ago, two brothers Shri Brijnath Khandelwal & Sri R S Khandelwal joined hands with a vision of providing the finest stock broking services of their time. To this end, they became members of Calcutta Stock Exchange commencing operations as a partnership firm – Brijnath Khandelwal & Co., Shares & Stock Brokers. Thus was laid the foundation of what today the BNK Capital Group.

Ever since the inception, the Group has diversified its activities in various spheres of financial services and investment counseling. Over the years it has fortified its position in the financial sector to become a major service oriented financial agency. Today, the Group provides various services which includes:

• Securities Broking.

• Commodities Broking (Domestic & International).

• Internet Based Trading in Securities and Commodities.

• Wealth Management Services.

• Investment Banking.

• Distribution Services (IPOs, Mutual Funds & Insurance Products).

• Corporate Finance & Advisory Services.

• Other Financial Services.

BNK Capital Markets Group thus under its umbrella is capable of providing multiple services in financial sector, capital markets and commodities exchanges. Its clientele spreads from Institutions, Corporate Houses, and High Net worth Investors. For more on it please visit their Web-site: http://www.bnkcapital.com/

Important: My health conditions deteriorated following the injection of anti-rabies vaccine and due to other problems. And hence all new enrollment is STOPPED EFFECTIVE FROM TODAY (09-12-07)--untill further notice. Any fresh enrollment for the Quickie, Premuim and Portfolio Management Services will start after my chequered health conditions improve at bit. My regrets to all those who have applied for fresh enrollment....Too many enrollments in the above mentioned services have already taken toll on my health----please let me recover from the trauma...... Hence today's Sunday Report to the Premium Group members might be sent tomorrow morning before the market opens. The Quickie Members could also get the "Quickie Calls", Tomorrow morning before the market opens.