Sensex Tanked by more than 700 points but " Quickie Calls", IFB Agro Industries Ltd and Aksh Opti-Fibre Ltd did well. Also latest recommendation in the Sunday Report (30th March, 2008), Cummins India Ltd, Asian Oil Fields Ltd, Deccan Gold Ltd, etc did well today : Pick of this Week Apar Industries Ltd did exceptionally well even when the market tanked so much in the late trading: Some Selling in the large caps was anticipated by me well in advance as I wrote the following in the Latest Sunday Report (30th March, 2008 ): "Keep buying good fundamentally strong stocks which one could not buy earlier due to high valuations: The actions will be seen more on the mid-caps and small-caps, than on the large caps, as excesses have earlier been committed in the large caps and less in most of the mid and small caps" and then again in the middle of the Sunday Report, "Midcaps and small caps are likely to come to the fore and outperform their larger peers in this round ...
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Tantia Constructions Ltd BSE Code-->532738 CMP: Rs.97 Market Cap: Rs.151.06 Cr Dividend: 20% (Dividend of MSK Projects: 10%) P/E: 9.60 (P/E of MSK Projects Ltd is 16.97) EPS: Rs.10.1 (EPS of MSK Projects Ltd is Rs.5.70) Introduction: Tantia Constructions builds highways, bridges, railroads and airports. It also develops townships, ports and is into power transmission.The price-earnings multiple is at a discount to that of similar-size players such as MSK Projects Ltd. A strong order-book, a diversified business profile and strategic joint ventures offer visibility to Tantia's earnings growth. Strong order book, superior operating profit margins and well-entrenched presence in the eastern region are positives for this company. At the current market price, the stock trades at about 10 times its expected earnings for FY09 – after factoring in equity expansion due to conversion of FCCBs. This is at a discount to similar sized peers. Tantia’s strong presence in the eastern and north...
Kohinoor Broadcasting Corporation Ltd, Ennore Coke Ltd, BPL Ltd, VLS Financ e Ltd, K Sera Ltd, Pochiraju Industries Ltd, India Foils Ltd, KEW Industries Ltd, Avon Organics Ltd, Phoenix International Ltd. Tourism Finance Ltd etc. hit the buyer freeze after Paid Members were sent morning mail to go for the kill: Southern Online Bio-Technologies Ltd nearly hit the Buyer Freeze in the late trade. The company is doing excellently well under the stewardship of the Present Management. Recently the Company went for a Preference Issue at more than double the CMP of Rs.20.4. The scrip is gathering steam for a major Upmove: Technology stocks, Infosys Technologies Ltd, Satyam Computers Ltd, Patni Computers Ltd etc. fell flat on the nose, after profit booking was advised in today's morning Pre-market Newsletter, to the Paid members. But why sudden change in the stand?? Ask the Premium(Paid) Members. On Monday, if you rememer, Paid members were asked to go for the IT and Banking counters: T...
My recommended, K Sera Sera Productions Ltd, Ennore Coke Ltd, Kohinoor Broadcasting Corporation Ltd, Phoenix International Ltd, Gravity (I) Ltd, Pochiraju Industries Ltd, NCL Industries Ltd, India Foil Ltd, VBC Ferro Alloys etc. hit the buyer freezes: Southern Online Bio Technologies Ltd hit the buyer freeze before cooling down a bit. The company is doing extremely well. Many investors do not know that Southern Online Bio Technologies Ltd is into the Production of Bio-diesel and is doing extremely well: US Markets today are down (DOW and Nasdaq at 10 p.m. IST) is down due to trivial reasons. How can a market fall when, "Paulson Calls for Broad Look at Whether Investment Houses Should Be Under Federal Oversight". I do not know how a mature market like the US can fall when in a speech to the U.S. Chamber of Commerce, Mr.Paulson said the Bush administration will soon release just such a blueprint in an effort to promote a smoother functioning of financial markets . It is to b...
Entertainment industry may double by 2012: Good news for the Investors of Kohinoor Broadcasting Corporation Ltd and K Sera Sera Productions Ltd : Nirmal John Wednesday, March 26, 2008 PwC-Ficci report says the industry may top Rs1.16 lakh cr in four years MUMBAI. It could well be a case of ‘happily ever after’ for the country’s media and entertainment ind ustry.With the industry expected to grow at a cumulative annual growth rate (CAGR) of around 18% over the next five years, it is expected to more than double from an estimated size of Rs 51,260 crore last year, to Rs 1.16 lakh crore by 2012. Further to showing steady growth, the industry also seems to be reaching a stage of maturity according to the report released by Ficci and PricewaterhouseCoopers (PwC) at the annual media convention Ficci-Frames.While most sectors are showing buoyancy, newer ones like online advertising stand out with a growth of 69% in the past year. Such growth is expected to continue for the next few years...
The Markets turned slaughter-house for the Bears as they were dragged and butchered at the altar of the Bulls, from the minute, the "whistle-blew" heralding the start of the gory fight on the "blood-stained" Dalal Street. Some bears are pardoned on the ground that they would do "Short Covering" before leaving the arena. The slaughter of the Bears gathered momentum yesterday, which began last week. I mentioned in the latest Sunday Report, "Graphically speaking the benchmark indices are still forming a positive divergence pattern on the d aily charts. A few of good days accompanied by good volumes would com plete this pattern, which will increase the chances of an intermediate rally in the Indian bourses. The Sensex has support at the 14,140 level. On the upside, the Sensex faces resistance at the 15,332 and 15,700"---and the result is before your eyes as the bull army jumped above those fences placed at 15, 332 and 15, 700 and charged ahead fie...
My latest Sunday Report (24th March, 2008), Recommended scrip Electrotherm Ltd (BSE Code-->Rs.375) moved up today with good volume in late trade. The Scrip rose more than 12% today. Yesterday it was mentioned as a must buy scrip in the Sunday Report: As mentioned in the Sunday Report, the market rallied more than 250 points to close at an important level. I am again back with a baaaaaaaaang!!!! The markets also somewhat rhymed with what Mr.Sudarshan Sukhani said some days back and today: Has Nifty Given a breakout today from .......levels? Which scrips are looking attractive again and when will the rally start in the mid and small cap space? My earlier Recommended KEW Industries Ltd, Southern Ispat Ltd, RDB Industries Ltd, Yes Bank, D S Kulkarni Developers Ltd, Rajoo Engineers Ltd, Modern Steel Ltd did well today: So what will be the trading strategies for tomorrow and the rest of the week?? This section is for the Paid Group Members: Please take Part in the voting, in this blog, ...
Fed May Buy Mortgages Next, Treasury Investors Bet By Daniel Kruger Forget lower interest rates. For the Federal Reserve to keep the financial markets from imploding it needs to buy troubled mortgage bonds from banks and securities firms, say the world's biggest Treasury investors. Even after cutting rates by 3 percentage points since September, expanding the range of securities it accepts as collateral for loans and giving dealers access to its discount window, the Fed has been unable to promote confidence. The difference between what the government and banks pay for three- month loans doubled in the past month to 1.92 percentage points. The only tool left may be for the Fed to help facilitate a Resolution Trust Corp.-type agency that would buy bonds backed by home loans, said Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co. While purchasing some of the $6 trillion mortgage securities outstanding would take problem debt off the bala...
Stocks look to strengthen gains after Bear Stearns drama: Bear Stearns bailout, dollar strength mark a key turn for markets By Nick Godt NEW YORK -- Stocks will enter the final week of the first quarter with investors hoping to build on nascent gains scored after the near-collapse and subsequent bailout of investment firm Bear Stearns. Supportive actions by the Federal Reserve, a stronger dollar, and a plunge in commodities prices all seemed to mark a key turn in the credit crisis gripping markets. "The Bear Stearns story was kind of like the turn-around everybody was waiting for," said Paul Nolte, director of investments at Hinsdale Associates. "In any crisis, things keep getting from bad to worse until something breaks. In this crisis, something did break and that was Bear Stearns." After a week rocked by even wilder swings than those witnessed since the start of the year, stocks recovered to post their first weekly gains in four weeks, even if the week was sho...
Americans on economy: This hurts Nationwide poll locates sore spots as consumers are knocked around by inflation and gas prices. Consumers hunker down but feel optimistic about future . NEW YORK -- Some economists say the United States is not in a recession, but don't tell that to the majority of American consumers. A national CNN/Opinion Research Corp. poll released this week found that the recent economic downturn has taken its toll. Americans are driving less and even cutting back on necessities such as food and medicine. The financial strains have led a vast majority of people to believe that the U.S. economy has entered a recession. " This economic downturn will be relatively mild according to the numbers," said Wachovia economist Mark Vitner. "But the pain and discomfort for the consumer will be the most severe since 1991, and possibly since 1981 to 1982. " But there is some hope for the future, as a majority of those surveyed feel that the economy will re...
Americans confident in 2009 turnaround: A majority believe the economy will be in good shape a year from now, but remain wary about some prospects, according to a survey. NEW YORK -- Though times are tough now, Americans believe the economy will bounce back by next year, according to a survey released Friday. A national CNN/Opinion Research Corp. poll found that 60% of respondents think economic conditions in the United States will be "good" next year, as opposed to the 75% who think the economic situation is "poor" now. "Most people realize that the economy has cycles of ups and downs," said Wachovia economist Sam Bullard. "Fortunately, the last two recessions were some of the shortest on record, so in 2009 we should be pulling up out of this." Of the more than 1,000 American adults surveyed in the poll, conducted March 14-16, 83% said they are "confident" that they will be able to maintain their standards of living next year, and 85...