WINNING STROKES: THINK DIFFERENT:
My recommended (Yesterday) Vijay Shanti Builders Ltd hit the buyer freeze in early trade. The company has huge land holdings.
U B Engineering Ltd hits another buyer freeze. The company came out with superb numbers for the Q3FY09.
My recommended Rolta Ltd is up more than 5% in the early trade. The company gets 60% of revenues from the domestic market.
Phoenix International Ltd hit the buyer freeze. The company would get benefitted as Focus Energy Ltd is coming up with gas production from 2009.
Today PAID GROUPS were suggested to buy Pyramid Symeria Theatres Ltd (BSE Code-->532791) a the CMP of Rs.24.5--Rs.25.5. The company came out better than expected results for the Q3FY09. The stock is available at the price of penny at current market price. The company hopes to cut down on the expenditure to tide over the current downturn. The stock is heading towards Rs.51-Rs.52 mark in the next few days time frame.
Now what to do with Satyam Computer Service Ltd and Hanung Toys Ltd, after both of them gave phenomenal returns to the investors in the short term. I had been accumulating Satyam Computer Services Ltd from Rs.18.5 and I had mentioned that many times in this Yahoo Group SumanSpeaks and in this blog??!! This part for the PAID GROUPS.
The discount Package for the Subscription to the Paid Groups ends tomorrow, i.e. 31st January, 2009 (31-01-09). Please note that after the said date, (31-01-09) no request for discounts will be entertained or will be summarily rejected.
Key benchmark indices oscillated near day's apex on sustained buying momentum in index pivotals. Firm start in European indices and data showing the Dow could rise 24 points at the opening bell boosted sentiment, helping indices reverse early losses. The BSE 30-share Sensex was up 99.09 points, or 1.08%, off close to 20 points from the day's high.
Weak global cues on the back of poor global economic economic data and recent selling by the foreign institutional investors had triggered a subdued start. Indices recovered thereafter as index pivotals staged a rebound to the green zone from early low.
European shares led by pharma stocks, and ahead of unemployment figures out of Europe and GDP data from the United States. Key benchmark indices in France, UK and Germany were up by between 0.33% to 0.82%.
Most Asian markets were trading lower today, 30 January 2009 as a record crash in Japanese production and lower profit forecasts fueled anxiety among investors that the global recession is expanding. The key benchmark indices in Japan, Singapore and South Korea fell by between 0.38% to 3.12%. However, Hong Kong's Hang Seng rose 0.94%.
US stocks slumped on Thursday, 29 January 2009, after weaker than expected jobless claims, new home sales and manufactured goods` orders and amid concerns over company earnings. The Dow Jones industrial average declined 226.44 points, or 2.70%, to end at 8,149.01. The Standard & Poor`s 500 index slipped 28.95 points, or 3.31%, to settle at 845. The Nasdaq Composite index fell 50.50 points, or 3.24%, to 1,507.84.
Poor economic data took its toll on global markets. US initial jobless claims surged to a record, rising by 3,000 last week to 588,000. Also the US Durable-goods orders edged lower for the fifth consecutive month; declining 2.6% in December 2008. US new-home sales fell to an all-time low; tumbling 14.7% to 331,000 annual rate, the slowest pace on record. Japan's factory output slumped 9.6% in December 2009.
Foreign institutional investors (FIIs) are in selling mode after an inflow of Rs 1319.10 crore in December 2008. Their outflow in January 2009 totaled Rs 4508.80 crore (till 28 January 2009).
According to provisional data on NSE, FIIs were net sellers worth Rs 84.64 crore while mutual funds bought shares worth Rs 580.11 crore on Thursday, 29 January 2009.
At 14:26 IST, the BSE 30-share Sensex was up 99.09 points, or 1.08%, to 9,335.85. At the day's high of 9,356.05 the Sensex gained 119.77 points in afternoon trade. The Sensex fell 148.92 points at the day's low of 9,087.36 in early trade.
The S&P CNX Nifty rose 29.15 points, or 1.05%, to 2,853.50.
Key benchmark indices ended slightly lower on Thursday, 29 January 2009 snapping two-day gains, in what was a highly volatile trade. The BSE 30-share Sensex was down 21.19 points, or 0.23%, to 9,236.28 and the S&P CNX Nifty fell 25.55 points, or 0.9%, to 2,823.95, on that day.
The market breadth, indicating the overall health of the market, turned positive on BSE with 1,161 shares advancing as compared with 1,107 that declined. 77 shares remained unchanged. The breadth was weak in early trade.
Among the 30-share Sensex pack, 18 advanced while the rest slipped. Infosys, M&M, Grasim Industries, Tata Motors, Sun Pharma fell by between 0.39% to 7.06%. While Jaiprakash Associates, Reliance Infrastrucutre, Maruti Suzuki India, Reliance Communications rose by between 1.94% 6.04%.
India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) rose 2.76% to Rs 1,303. The stock recovered from day's low of Rs 1242.05.
India's largest oil exploration firm by revenue ONGC jumped 2.96%.
Oil was steady under $42 a barrel on Friday, after falling nearly 2% overnight, weighed down by another round of grim U.S. economic data reflecting faltering demand in the world's top energy consumer. U.S. crude was up 27 cents a barrel at $41.71, off an intraday low of $41.31 today.
India's largest engineering and construction firm, Larsen & Toubro rose 1.67% to Rs 672 off the day's high of Rs 694.70 after its quarterly net profit more than trebled, boosted by a one-time gain. The profit included an extraordinary gain of Rs 916 crore from sale ready-mix concrete business.
Some healthcare stocks rose on defensive buying. Ranbaxy Labs, Cipla, Lupin, Wockardt, Novartis India rose by between 0.35% to 5.19%.
FMCG stocks, too, rose on defensive buying. Nestle India, Britannia Industries, Hindustan Unilever, ITC, Dabur India, United Spirits rose by between 0.01% to 9.98%.
Banking stocks rose after weak start as fears of rising defaults in a weakening economy and on fall in American Depository Receipts (ADRs) offset hopes a further fall in interest rates may boost lending growth. India's second largest private sector bank by net profit HDFC Bank rose 0.63% to Rs 927.50 off the day's low of Rs 902.05 even as its American depository receipt (ADR) fell 6.15% on Thursday, 29 January 2009.
India's largest bank in terms of assets and branch network State Bank of India rose 2.33% to Rs 1,122.50 off the day's low of Rs 1,080.10. Its net profit rose 37.03% to Rs 2478.42 crore on 38.3% rise in total operating income to Rs 21,255.90 crore in Q3 December 2008 over Q3 December 2007. The bank announced the result on 24 January 2008.
India's largest private sector bank by net profit ICICI Bank fell 0.95% to Rs 404.50 off the day's low of Rs 395.20 as its ADR fell 6.3% overnight. Net profit of ICICI Bank rose 3.41% to Rs 1272.15 crore on 0.1% rise in total operating income to Rs 10,350.62 crore in Q3 December 2008 over Q3 December 2007. The unexpected rise in net profit was because earnings from fees and bond trading offset slowing credit growth and rise in bad loans. The bank announced the result on Saturday, 24 January 2008.
India's largest dedicated housing finance company by total income HDFC rose 0.08% to Rs 1,531off the day's low of Rs 1.485.
Rate sensitive realty stocks rose after the weak start on hopes lower rates will spur housing demand. DLF, Indiabulls Real Estate, HDIL, Unitech fell by between 1.92% to 5.15%.
Metal stocks were mixed. Jindal Steel, SAIL and Sterlite Industries rose by between 3.33% to 11.07%. While, Hindalco Industries, Tata Steel, National Aluminium Company and Hindusten Zinc fell by between 0.54% to 1.79%.
However consumer Durables stocks fell. Lloyd Electric, Titan Industries, Asian Star Company and Rajesh Exports fell by between 1.43% to 3.25%. While Videocon Industries rose 0.72%.
India's largest electric equipment maker by sales Bharat Heavy Electricals slumped 3%. Its net profit rose 2.4% to Rs 790.56 crore on a 21.3% increase in sales to Rs 6022.25 crore in Q3 December 2008 over Q3 December 2007.The company announced the result after the market hours on yesterday.
India's largest commercial vehicle maker by sales Tata Motors fell 2.23% ahead of its Q3 December 2008 result today.
India's largest pharma company by market capitalization Sun Pharmaceuticals Industries slumped 7.06% ahead of its Q3 December 2008 result today.
Comments