Monday, February 18, 2008

Relaxio Footwear Ltd hits the buyer Freeze. I could buy some for some of my Portfolio Management Clients like Sushil Goel. This time the scrip could reach Rs.100 because of wonderful Q3FY08 Results: Phoenix International Ltd as expected hit the buyer freeze. This company is doing excellently. It has huge real estates and from which it gets good rental income. It is also opening a Shoe Park in Madras (Chennai). The scrip should cross the 52-week high this time, after such wonderful Q3FY08 results: Now www.bseindia.com has hoisted the consolidated results for Kohinoor Broadcasting Corporation Ltd for Q3FY08. When I hoisted the consolidated results for the December, 2007 quarter I got many mail from the cynics saying I am misleading people with such results; but now I think those voices will be put to rest and find their way in the grave yards. There are lot of interesting developments in the company coming up within some months. For Kohinoor Broadcasting Corpoation Ltd befikir Raho. Even if "God" comes and asks me to sell the I will only buy ...Hahaha.....I know who is doing what in a Popular Message Board. Let the scrip rise up and I will present you some mails (read nonsense mails) on this regard from the vested Interest Groups. No one will be able to beat me in Kohinoor Broadcasting Corporation Ltd. I will soon talk with the sources to find out when the company is launching the first Hindi News Channel. But even at the current fundamantals the scrip is looking very attractive and should move up steadily from here :K Sera Sera Productions Ltd should do well after their impressive results of December, 2007 quarter. The company will soon come out of the TS group according to the sources close to me. At Rs.29 it is looking very attractive: There are some very interesting developments taking place in Ennore Coke Ltd: My earlier recommended, Tilaknagar Industries Ltd, Walchandnagar Industries Ltd, MSK Projects Ltd, H B Stock Holding Ltd, BNK Capital Markets Ltd, Geojit Financial Servi ces Ltd, Kamanwala Housing and Construction Ltd (though I am not too bullish on this scrip), Cat Technologies Ltd, Phoenix International Ltd( If u remember I recommended last Thursday), Pioneer Distillaries Ltd (recommedned at Rs.17, when no one was looking at the counter), KIC Metallinks Ltd etc. did well today: Now is the turn of Madhav Marbles & Granites Ltd, Anjani Portland Cements Ltd, Media Video Ltd, BAG Films Ltd to perform:
The Benchmark index, BSE Sensex, dipped below 18,000 mark only to regain that level in mid-afternoon trade. Reliance Power soared on high volumes. The market breadth was positive. Asian markets were trading mixed. At 14:29 IST, the 30-share BSE Sensex was down 88.46 points or 0.49% at 18,026.76. Sensex lost 214.29 points at the day's low of 17,900.96, hit in afternoon trade. Sensex opened 112.96 points higher at 18,228.21 and advanced to hit a high of 18,256.82 in early trade. At the day's high, Sensex rose 141.57 points. The broader based S&P CNX Nifty was down 32.90 points or 0.62% at 5,270. The market breadth was positive on BSE: 1,705 shares advanced as compared to 944 that declined. 50 shares remained unchanged. 22 out of 30 Sensex stocks declined. The BSE Mid-Cap index was up 0.37% to 7,620.55 and the BSE Small-Cap index gained 0.98% to 9,715.43. Both these indices outperfomed the Sensex. The total turnover on BSE amounted to Rs 3540 crore as compared to Rs 2901 by 13:30 IST. Reliance Power surged 8.03% to Rs 415.60, off day’s high of Rs 429.60. The counter saw high volumes of 89.39 lakh shares on BSE. The company said on Sunday, 17 February 2008, its board would meet on Sunday, 24 February 2008, to decide bonus ratio. The bonus shares will be issued to non-promoter shareholders to compensate the losses suffered by them when the company was listed last week. The stock has been consistently trading at a discount to IPO price of Rs 450, since its listing on 11 February 2008. India’s top truck marker in terms of sales, Tata Motors slipped 2.90% to Rs 729.30 on 87,912 shares. It was the top loser from Sensex pack. ONGC (down 2.06% to Rs 1012.85), and DLF (down 2.01% to Rs 861.25), were the other losers from Sensex pack. India’s largest public sector engineering company in terms of profit, Bharat Heavy Electricals dropped 2.15% to Rs 2212.70 despite reports the company has bagged an order worth Rs 650 crore from General Electricity Company, Libya for setting up a 300 megatwatt gas turbine based power plant. The stock had hit a high of Rs 2280 in intra-day trade. Mahindra & Mahindra, the country’s top tractor maker in terms of sales, extended gains and was now up 1.85% to Rs 629.95. It was the top gainer from Sensex pack. Mahindra & Mahindra today said that Mahindra Defence Systems, a group company, is in talks with WASS for underwater defense joint venture. Mahindra Defence Systems (MDS) makes high mobility and light bullet proof vehicles to the armed forces, paramilitary and police forces. ICICI Bank (up 1.26% to Rs 1206.10), and Hindustan Unilever (up 1.10% to Rs 213.50), were the other gainers from Sensex pack. Bajaj Auto, the country’s second largest bike maker in terms of sales, gained 1.02% to Rs 2197 after the Madras High Court on Saturday, 16 February 2008, restrained TVS Motor Company from manufacturing and selling 125 cc ‘Flame’ motorcycle by using the technology/invention described in the patent granted to Bajaj Auto. TVS Motor Company was down 2.88% to Rs 38.85. India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) was down 1.18% to Rs 2560 on 3.38 lakh shares. The stock moved in a range of Rs 2537.40 and Rs 2650 so far during the day. IT pivotals stayed subdued. Infosys Technologies (down 1.10% to Rs 1548.95), TCS (down 2.35% to Rs 851), Wipro (down 1.56% to Rs 413.70), and Satyam Computers (down 1.47% to Rs 431.75), edged lower Among the side counters, Disa India (up 20% to Rs 1826.25), J Kumar Infraprojects (up 14.04% to Rs 114.50), and Dish TV (up 12.32% to Rs 67), surged Provogue India (down 13.97% to Rs 910), Geodesic Information Systems (down 8.31% to Rs 183.10), and Mastek (down 7.53% to Rs 245.05), slipped European markets, which opened after Indian markets were trading higher today, 18 February 2008. Key benchmark indices in United Kingdom (up 1.13% to 5,853.10), Germany (up 0.99% to 6,900.40), and France (up 1.05% to 4,822.13), advanced. Asian markets, which opened before Indian markets were trading mixed today, 18 February 2008. Japan's Nikkei (up 0.09% at 13,635.40), Taiwan's Taiwan Weighted index (up 0.18% at 7,890.90), South Korea's Seoul Composite index (up 0.09% at 1,696.24), and China’s Shanghai Composite index (up 1.58% to 4,568.51), edged higher. However, Hong Kong's Hang Seng (down 1.43% at 23,802.71), Singapore's Straits Times index (down 0.78% at 3,064.65), declined. US markets ended Friday’s, 15 February 2008 trade on mixed note after economic reports offered bleak views on everything from manufacturing to consumer sentiment. The Dow Jones industrial average declined 28.77 points, or 0.23%, to 12,348.21. The S&P 500 index gained 1.13 points, or 0.08%, to 1,349.99. The Nasdaq Composite index was down 10.74 points, or 0.46%, to 2,321.80. Back home, the 30-share BSE Sensex jumped 348.62 points or 1.96% at 18,115.25 on Friday, 15 February 2008. The broader CNX S&P Nifty was up 100.90 points or 1.94% at 5302.90 on that day. The market ended its four-week losing streak to post gains in the week ended Friday, 15 February 2008 as global markets rallied following an unexpected rise in US retail sales in January 2008. The BSE Sensex surged 650.36 points or 3.72% to 18,115.25 in the week ended Friday, 15 February 2008. S&P CNX Nifty rose 182.55 points or 3.56% to 5,302.90 in the week. As per provisional data, foreign institutional investors (FIIs) purchased shares worth Rs 261.20 crore on Friday, 15 February 2008. Domestic institutional investors (DIIs) were net buyers of shares worth Rs 138.66 crore on that day. FIIs were net buyers to the tune of Rs 174.42 crore in the futures & options segment on Friday, 15 February 2008. They were net buyers of index futures to the tune of Rs 205.57 crore and sold index options worth Rs 5.29 crore. They were net sellers of stock futures to the tune of Rs 40.30 crore and bought stock options worth Rs 14.44 crore. India's wholesale price index rose 4.07% in the 12 months to 2 February 2008, marginally lower than the previous week's rise of 4.11%, government data released on Friday, 15 February 2008 showed. Note: I am doing some restructuring for my Portfolio Management Service. After that is put in place new enrollments could be started for the PMS. For the time being only Premium and Quickie Group Membership are open for subscription. To know the of the Paid Service one should send a mail to:

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