WINNING STROKES: THINK DIFFERENT: [Updated] My recommended CHD Developers Ltd (BSE Code: 526917) hit the buyer freeze. It launched a project named as CHD Lifestyle Independent Floors as part of its mega integrated township project CHD City at Karnal. Lifestyle Floors are "Stylish, Comfortable and Affordable" and further step to show Company's commitment to provide affordable housing. Sicagen India Ltd hit the buyer freeeze in the afternoon trade before cooling down a bit. The company came out with superb bottomline on Q-o-Q basis, beating market expectations. The future results will be good as the sector in which the company is performing (Auto and Construction or Building Materials), has started to look up. The company's drum making venture will also give good returns. A stock which will give you multi-bagger returns going forward. My recommended Varun Industries Ltd have become more than double in just 3 months time frame. Yesterday, also it hit the buyer freeze. ...
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June new US home sales rise 11 percent WASHINGTON – New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners. While home prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Earlier this month, the government reported that new home construction rose to the highest level since last fall. And data out last week showed home resales rose almost 4 percent in June, the third straight monthly increase. "The worst of the housing recession ... is now behind us," said David Resler, chief economist at Nomura Securities. "We're turning the corner toward increased activity in housing." New home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000, the Commerce Department reported Monday. Shares of big homebuild...
Sicagen India Ltd: Fantastic Results in Q1FY10: The results beats my estimates, as the company comes up with a net profit in Q1FY10, against a net loss considering, Y-o-Y figures. Sicagen India Ltd came out with fantastic set of results for the Q1FY10. I have been tell all since last month about the expectation of good results of the company. Now this feat has been achieved. The total income of the company remained flat at Rs.112.64 Cr as against Rs.122.09 Cr in the same period previous year. Inspite of less other income component and higher interest cost, the net profit of the company came out to be Rs.1.394 Cr in Q1FY10 as against a net loss of Rs.4.18 Cr. Hence we now have a positive EPS against a negative EPS of Rs.1.06. Many did not believe me when I said about this last month, but now they have the figures in front of their eyes. The company is having a huge reserves of Rs.322.29 Cr which it could use for buy back of shares from the open market. The book value of the shares ...
Winning Strokes: Think different: Ennore Coke Ltd hit the buyer freeze in the late trade. The company is doing excellently well and all eyes are on the Q1FY10 results of the company. Glory Polyfilms Ltd almost hit the buyer freeze on the late trade. The company as mentioned earlier has completed the first phase of expansion and its 3 layer machine will also be installed within the 1st week of next month. Packing industry is the mother of all industries--can you think of a world without packaging??!! Shreyas Shipping and Industries Ltd almost hit the buyer freeze. The company is clocking volume as low as 1025 shares only, but the stock is placed in the T-group for some unknown reasons...." Ajab Khayal hai bhai , BSE walo ka "....all these fellows who are in the surveillance departments needs to be sent to mental doctor for immediate treatment. They suddenly place a stock in the T-group and suddenly bring it out--without specifying the reasons for the same. Indian S...
228 companies on BSE 500 show profit growth NEW DELHI: Despite the gloomy sentiments, almost half of the BSE 500 companies actually raked in more moolah in the form of profits they did in the previous year. These include sectoral bigwigs like Nestle India, Tech Mahindra, Cairn India, Reliance Power and Oriental Bank of Commerce among others. According to a SundayET analysis of the 481 companies w hose quarterly results have been available for the FY09, about 228 companies actually reported a high growth in profits. As audited financial results of all companies were not available, interim annual results available at the CMIE Database have been considered for the analysis. The interim annual result is the sum of the results of all four quarters. Of the 228 companies, about 18 actually witnessed a growth of over 100%. For instance, one of the leading players in the FMCG space, Nestle India, which reported a profit of Rs 160 crore in the FY08, saw its profits soaring by 233% to Rs 538 cro...
Winning Stokes: Think Different: The Quickie Call, Helios & Matheson Information Technology Ltd hit the buyer freeze in the opening trade. A report on it will soon be placed on www.sumanspeaksplus.blogspot.com . Ennore Coke Ltd hit the 5 th consecutive buyer freezes. The Paid and Free members were asked to accumulate the scrip on all declines keeping a SL of Rs.22. CHD Developers Ltd ( BSE Code: 526917) should be accumulated a the CMP of Rs.4.8 for a target of Rs.12--14 in the next 6 months time frame. The company is into construction business. For more on the company please visit: http://www.chddevelopers.com/ XL Telecom and Energy Ltd hit the buyer freeze in the afternoon trade. The company is coming up with results at the end of this month. If the results are good (which is expected) the stock could shoot up. Refex Refrigerants Ltd which is a joint venture between Kaltech Engineering and Singapore-based Refrigeration should be accumulated at the CMP of Rs.29.55 for a...
June infrastructure output jumps 6.5% YoY Do you remember Sicagen India Ltd which sells Building Materials and drums...??!! NEW DELHI: The infrastructure sector, accounting for a fourth of India’s industrial output, grew 6.5% in June from a year earlier, compared to 2.8% in the previous month, showing signs of an economic revival. Output of six infrastructure sectors-- coal, cement, crude oil, electricity, finished steel and petroleum refinery products--had risen 5.1% in the same month last year. Official data released by the ministry of commerce and industry showed on Thursday that six sectors grew 4.8% in the first quarter of the current fiscal ending June as compared to 3.5% a year earlier. Coal output recorded an impressive growth rate of 14.7% in June compared to 6.1% the same month a year ago. During the first quarter of the fiscal, coal output grew by 12.7% (provisional) compared to an increase of 8.4% during the same period last year. Cement production rose by 12.8% in June as ...
Overseas investors buy the India story again Shobhana Subramanian / Mumbai July 23, 2009 Indian equity is clearly back in favour with overseas investors, and the consensus among investment bankers is that the election results have made all the difference. Brijesh Mehra, head (corporate clients), ABN Amro, said fund managers were less risk-averse to India, now that a stable government was in power. “Moreover, while the rest of the world is still coming to terms with the economic downturn, the India story still holds,” he said. The India story not only holds, it is getting stronger, going by the spate of GDR (Global Depository Receipt) issues and Qualified Institutional Placements (QIPs) over the last one month. While nearly $4 billion has been mopped by companies through QIPs, more than $2 billion has come in through GDRs and ADRs (American Depository Receipts). Among the bigger fund raisers have been Sterlite, which picked up $1.5 billion, Tata Steel ($500 million), Tata Power ($335 m...
'Textiles exports seen at $90-100 bn in next 25 yrs' India's garment exports stood at $10.13 billion in 2008-09, growing by a moderate 4.6 per cent over the previous fiscal despite demand erosion in the US and European economies, reeling under recession. Do you remember Ritesh Properties and Industries Ltd?? The government today said India's textiles and apparel exports are likely to grow four fold to touch $90-100 billion in the next 25 years. The country's textile exports declined by about 2 per cent in 2008-09 to $21.75 billion due to a slump in demand from global economies like the US and EU, which together accounts for the bulk of the country's textiles exports. "India's textiles and apparel exports which are currently $22 billion, are expected to register four-fold increase to touch $90-100 billion in the next 25 years," Textiles Minister Dayanidhi Maran said in a statement. Maran, who is in Tokyo to promote Indian clothing, today inaugura...
Wesbury : The Economy Is Much Stronger Than the Media Says There's a growing consensus the economy will start growing again later this year but 2010 will be characterized by sub-par growth. That consensus is wrong, according to Brian Wesbury , chief economist at First Trust Advisers , who believes there will be a V-shaped recovery. "If you're optimistic today people look at you like you've got three eyes," Wesbury jokes. But as detailed in a recent Forbes column he predicts real (i.e. inflation-adjusted) GDP will be 3.5% in the second half of 2009 and 4.5% in 2010, based in part on the following: A "super easy" Fed and increased government spending (remember, the bulk of the stimulus package hits next year and 2011). The end of the panic in credit markets, leading to an increase in the velocity of money. A pending bottom in home building, continued declines in the trade deficit, a return (albeit modest) of consumer spending and improving business in...
Chart Check: [Excerpts of my morning mail to the Paid Groups] Yesterday, the market went for a breather after the spectacular up-move in the last few trading sessions. Eventually the day ended with modest losses amidst noticeable strength in the Midcaps and Small/Micro Caps. Another day of lateral consolidation is on the cards. In case of Nifty, 4415-4435 seems to be a strong support...........The current picture is suggestive of a strong rally to 5000 or above in the short to medium term. The bullish outlook stands intact as longs as the Nifty sustains above the XXXX mark. The investors are suggested to accumulate XL Telecom and Energy Ltd and Sicagen India Ltd just before the results......
India commits Rs 180k cr to Nuclear Trade: Good News for Premier Explosives Ltd, Astra Micro Ltd, Rolta Ltd, Areva T & D Ltd, etc. Jyoti Malhotra India is committing Rs 1,80,000 crore for the production of 30,000 Mw of nuclear power by three countries — Russia, France and the US — a significant bait that New Delhi has cast in the interests of gaining access to sensitive Enrichment and Reprocessing technologies (ENR) and stabilising its fears over energy insecurity. Meanwhile, the government is aiming to hand over its separation plan of safeguarded nuclear facilities to the International Atomic Energy Agency towards the end of this month, to assuage US concerns that these plants will only use sensitive ENR technologies to reprocess spent fuel from these plants. After a five-day visit to India, US Secretary of State Hillary Clinton is flying to Thailand to participate in meetings with the Association of the South-East Asian Nations (Asean), with Prime Minister Manmohan Singh’s comm...
A rural retailer’s green shoots: While organized retail chains in urban India are shutting stores and scaling down ambitions, Hariyali Kisaan Bazaar is looking to add 200 rural stores to its existing chain of 300 in two years Rasul Bailay Karan Vir comes calling the agronomist—or agricultural specialist—at the Hariyali Kisaan Bazaar store with a yellowing paddy plant (plucked out from his field), its roots covered in sand, in a small plastic bag. It doesn’t take the specialist long to discover the problem. He advises Vir to add sulphur to the soil to counter excess salt being generated by the use of groundwater for irrigation. The 34-year-old farmer buys a 15kg bag of the chemical, but his attention is now captured by a shiny black Hero bicycle kept on display along with hundreds of other grocery and lifestyle products. On average, 300 villagers such as Vir, daily visit the Hariyali store in this village, about 35km east of Karnal, an agricultural town in Haryana. Most visit to seek a...
India becomes R&D hot spot as technology companies cut costs: Although India seems a natural location for offshore R&D, certain problems such as shortage of home-grown researchers need to be tackled... Rina Chandran Bangalore: At Microsoft Corp.’s research centre in a leafy lane in India’s technology capital, a new generation of researchers is being groomed half a world away from the software giant’s sprawling headquarters in Seattle. Complete with bean bags and coffee served in steel tumblers, the centre is helping change the perception that India is no place for top-end research and development (R&D). Staffed with around 60 full-time researchers, many of them Indians with PhDs from top universities in the US, the centre is at the cutting edge of Microsoft’s R&D. It covers seven areas of research, including mobility and cryptography. Its success, including developing a popular tool for Microsoft’s new search engine Bing, underscores the potential of R&D in India a...