CRR hike, higher inflation not to impact market: Experts MUMBAI: The cash reserve ratio (CRR) hike and a higher inflation forecast by the Reserve Bank will not have much impact on the stock market as both have already been factored in by market participants, experts said. "The 0.75 per cent hike in CRR will not impact the market much though the industry anticipated at most a 0.50 per cent hike," Angel Broking's Managing Director, Dinesh Thakkar, told. An interest rate hike was also not imminent as "banks have a lot of money and there is sufficient liquidity available in the system," he said. Last Friday, the Reserve Bank had hiked CRR by 0.75 per cent to 5.75 per cent while pegging inflation at 8.5 percent by end-March. Agreeing with this view, Edelweiss' Institutional Equities Co-Head, Vikas Khemani, said that lowering of the credit growth forecast would also not impact the market. "Capacity utilisation is picking up along with industrial ...
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IMPORTANT NOTICE ON INSTANT FOREX: I am starting for a business tour today (31st January, 2010), hence those who have deposited but whose accounts have not been opened till date due to shortage of data, should have to wait till I return back from the tour. NO NEW/FRESH REQUEST FOR THE OPENING OF THE FOREX ACCOUNT WILL BE UNDERTAKEN UNTIL FUTHER NOTICE, i.e. it is closed till further notice. Hence, Ravi Garg and some others will have to wait for another 15 days or more for the account to be opened in www.instantforex.com . Hence, please do not send me further request for opening of account with http://www.instantforex.com/ . I am already flooded with too many requests to be processed. Therefore, till this back log is cleared and things are strealined at my end, NO NEW ACCOUNT OPENING REQUEST WOULD BE PROCESSED AND ACCEPTED.
Important Announcement for Instant Forex: Those who have very recently deposited the amount for opening of Instant Forex Account for investments, please send me the following details ASAP: 1. Transaction Details of the Bank (Cheque No., Online Transfer details, etc,) 2. Name (if more than 2 ID then any specific names for them) 3. Date of Birth 4. PIN Code 5. Mobile Number (Indian) 6. Phone Number (Indian, if you have) 7. Address 8. You Yahoo ID Many have deposited the amount in the designated Banks, but have not sent me the following without which the account cannot be opened. Hence those whose accounts are still to be opened and who have not sent me the following please sent the above, as early as possible. I am moving out (out of station) today afternoon and hence I need to finish the work by morning (31st January, 2010).
NORTHGATE TECHNOLOGIES: Result Analysis: I think many of you are holding the shares of Northgate Technologies Ltd bought in the last few months time frame. The company came out with results along the expected lines---no fire-works or pyrotechnics. The company came out with a Net Loss of Rs.77.14 Cr with a substantial scaled down revenues. Though the results apparently might looked too much disappointing, but then the current price of the share at Rs.22.95, has already discounted the current results and I believe that it should not go down from here..... Now let us dig a bit and see if we could find some oasis in the desert: 1. The Company started new business segment of providing Algorithmic trading, Global Electronic Communication Network, Direct Market Access and Order Management System Networks Services for Securities Trading. Northgate will extend its expertise of managing High capacity, highly scalable server farms capable of processing massive real t...
Important Announcement on Instant Forex: Those who want to invest in the schemes of Instant Forex ( www.instantforex.biz ), should deposit the amount by today, as I will be moving out tomorrow evening, (31st January, 2010) for 15 days tour package. Hope this time I do not need to change my journey dates once again, as I had done it in earlier occassions due to too much work load at my end which I could not complete. Those who have deposited the amount, for any schme of Instant Forex, are requested to send me the following details along with your bank transaction details: 1. Your name 2. Date of Birth 3. Addresss 4. PIN Code 5. Mobile number... After receiving these data, I shall create an account for you in the www.instantforex.com , at the earliest........I will finish off the work of creating accounts by today, so that I can move out tomorrow (31-01-10), a little peacefully. Each ID will cost you Rs.17100, and it is best to ...
WINNING STROKES: THINK DIFFERENT: The markets rebounded yesterday, in the mid-afternoon trade, after news was sent to the Paid Groups, that, "Nifty could rebound from the retracement levels". I think a temporary bottom has been formed which needs to be confirmed, in the next two trading sessions. Moreover, RBI's 75 points rate hike is expected to tame the inflation-monster a bit, and at the same time will not affect too much liquidity of the system, as the credit growth picture is not too much rosy. Hence now the banks will give more focus on Credit Growth and Bank counters are thus the obvious choice of the bulls, followed by.....(This portion for the Paid Groups)... Kernex Micro Systems, Prajay Engineers Syndicate Ltd and Sanguine Media Services Ltd did well yesterday. There was a board meeting in Northgate Technologies Ltd....will get the details soon.....!! Indian stocks on Friday rose to close in the positive after witnessing selling...
F ood inflation accelerates but the RBI may NOT go in for CRR hike immediately, to jeopardize an already battered economy: H owever, the bourses have already factored in a 25 basis points hike in CRR: NEW DELHI: India's annual food price inflation accelerated for the first time in four weeks, with the Reserve Bank of India (RBI) may look to go in for a small hike in the CRR, as the interest rate hike is just a misnomer at this time. Though according to survey conducted by Economic Times, Economists widely expect a 50-basis point rise in banks' cash reserve ratio (CRR), the proportion of deposits lenders must keep with the RBI in cash, what I feel is that RBI could at best hike 25 basis points not more than that, since the condition of the Indian economy is still fragile. "Even as food supply is expected to normalise in the coming months, higher energy costs and strong consumer demand will ensure (headline) inflation inches towards ...
Important Announcement on Instant Forex: Those who want to invest in the schemes of Instant Forex this month should do it by 30th January, 2010, as I have cancelled the tickets and now I will move out on 31st only. I shall be returning at the middle of February, 2010, by that time both Northgate Tech and Sanguine Media Services Ltd must have announced their results. If the results are good as is expected then both will move up or else both could remain at the current rates. It is to be noted that Instant Forex has come up with some new incentives for Binary Income in monthly matching system. Those who need further information please speak with me in Yahoo Messenger .
WINNING STROKES: THINK DIFFERENT: Buy TRF Ltd at any price above Rs.675 for a target over Rs.XXX (For the Paid Groups Only). The company recently bagged an order from NTPC worth Rs.3.16 billion. Meanwhile, Government plans tightening bidding norms for ultra mega power projects to prevent developers from evading penal charges for delays. This is positive for investors. Also, the Finance Ministry considering a proposal for lowering the excise duty on buses from present level of 8% -Positive for Sicagen India Ltd and hence accumulate with hearts content. The target only for the Paid Groups. SATYAM COMPUTER to recruit 2,000 professionals, a mix of freshers and lateral hiring, to cater to specific requirements of some clients. This speaks volumes about the general improving trend of the company's fundamentals. Do you remember that I bought the scrip at Rs.18.5 last year and mentioned it several times in this blog. Chart Check: Excerpts of my morning mail to th...
India on course to 9 per cent growth rate: Montek Singh LONDON: India is on course to notching up a rapidly rising trajectory of economic growth despite the global economic crisis, returning to a healthy nine percent by 2011-2012, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Tuesday. Ahluwalia told a group of top-flight British investors, bankers and executives in London that in his view, India today was the single most attractive destination for investors. In remarks highlighting India's economic achievements on the 61th Republic Day, he said it was "very clear" to the Planning Commission that India's growth rate for 2009-10 will be above seven per cent - possibly around the 7.3 per cent mark - rising to eight percent in 2010-11 and nine per cent the year after. "If you take the growth rate of 6.7 per cent for 2008-09, and 7.3 in 2009-10, you're still talking about seven per cent over a period of two years, something we can tak...
YAHOO!! WOMEN POWER PROPELS ITS GROWTH??!! Yahoo Inc. moved further down the road to recovery in the fourth quarter as online advertising began to snap out of a yearlong stupor to ease the Internet company's long-running slump. The results released Tuesday represented Yahoo's best performance since the company hired Silicon Valley veteran Carol Bartz as chief executive a year ago. Bartz has been vowing since her arrival to engineer a turnaround that eluded her two predecessors, Terry Semel and Jerry Yang. Yahoo promised to deliver even more meaningful progress to start this year. Management projected its revenue would rise about 3 percent to $1.63 billion during the January-March period, ending five consecutive quarters of decline. Yahoo earned $153 million, or 11 cents per share, during the final three months of 2009, rebounding from a loss of $303 million, or 22 cents per share, in the prior year. If not for charges for internal reshuffling and a proposed s...
Imporant Announcement on Instant Forex: 1. The following members of the Instant Forex Community are asked to send in their bank details at the earliest to transfer money obtained by changing their bonus Euros to INR: (a) Prafful Thumar (Bombay) (b) Sumit Nimkar (Bombay) (c) Bhusan Patil (Bombay) (d) Siril Victor (Bangalore) (e) Manjit Singh (New Delhi) (f) Keyur Patel (US) Others who want to convert their Euro into Indian Rupees (INR) should contact me immediately after I come from my Trip. It is a matter of great priviledge for me to announce that Navin Kondabolu of Australia is the highest bonus point earner or Euro (the Currency used in European Union), till date among all the joinees. It is pertinent to mention here that, if a person refers to two persons then he/she gets 10%+10%= 20% bonus, Euros in their accounts. E-mail: suman2005s@rediffmail.com/sumanm2007s@gmail.com 2. I am thinking of re-scheduelling my journey date to...
Mid-cap stocks to acquire larger mindshare Srikala Bhashyam Last week's market trend was a pointer to the fact that predicting the future in equity markets has to be at your own risk. The week was one of the most volatile ones in the last few months amid low volumes. The uptake in trend was seen only in Thursday's trading, on a day when most investors/traders resorted to profit booking. While every year analysts have been warning that the coming year would be a difficult one to make gains in, the current calendar year is going to pose some challenges for investors. After the smart uptrend in large-cap stocks in the last 12-18 months, the trader interest has shifted to small and mid-cap stocks. As a result, even on a day when the Sensex lost over 400 points, a number of mid-sized companies posed smart gains with many hitting the upper circuit breaker too. While a good chunk has been on speculative support, the bottomline is that the current year would be a stock picker...
Important Annoucement: Please note that those who have deposited the required amount for opening of the accounts for Instant Forex Schemes, but whose account have not been opened till date are kindly requested to contact me. Moreover, Euro will be transferred to all those whose accounts have been opened by tomorrow. Siril Victor's Euro-Rupee Conversion Cheque will also be deposited tomorrow. Also, from next month, those who will face any problem regarding the monthly payments of 25% on investment in the form of Euro, should send me a mail. Besides this, now I have changed the date of leaving my place, from tomorrow (25th January, 2010) to 28th January, 2010, due to lot of pending works of Instant Forex Schemes, which I could not complete....... The scheme is now a Super Duper hit....I think we all will be able to make lot of money in the next 18 months time frame. I shall be back to my station by mid-February, 2010. I shall be out of s...
WINNING STROKES: THINK DIFFERENT: ITL Industries Ltd recommended to the Paid Groups as Rs.29.25 on 2nd November, 2009, touched Rs.60.45 on last Friday. The stock reached both its short and medium term targets much ahead of schedule. Vision Corporation Ltd could spike up from the next week. Vision Corporation Ltd earlier informed the BSE that it is launching "Vision Channels: "Vision Shiksha" & "Vision Music" on January 26, 2010". The company is launching a number of music albums on 25th January, 2010. The stock it seems will surpass its 52-week high very soon. Sanguine Media Services Ltd could move up vertically from the next month (February, 2010) due to some favourable developments. The stock of the company is trading at an absurd price. Note: I shall be out of station from early morning tomorrow, 25th January, 2010 to mid February, 2010, due to some business related works. Also, due to too much work at my work, it might not be possib...
Instant Forex ( http://www.instantforex.biz/ ) comes up with insurance on the investments made. The risk taking indivuals can invest in the scheme others can simply IGNORE I shall be out of station from 25th January, 2010 to the middle of February, 2010: Yes, Instant Forex comes up again with another lucrative proposal--this time it came out with insurance policy ( http://www.instantforex.biz/aboutinstant.php ...... The company has insured 60% of the sum capital invested, on occurance of loss--a wonderful news for all those who have invested in the scheme across the world, in more than 50 countries. Contrary to the popular belief that one has to refer someone to get income, the company pays you while you are sleeping--this is the fact...The forex market is one of the largest markets in the world and hence one can imagine how much one can earn from it if traded successfully. The problems is that many want to comment without understanding head or tail of anything...
Indian Economy may see Faster Economic Growth than China after, 2020: Risk taking investors can use the declines to buy good stocks like, Ambalal Sarabhai Enterprise Ltd, Prajay Engineers Syndicate Ltd, Refex Refrigerants Ltd, XL Telecom and Energy Ltd, Sanguine Media Services Ltd. Yesterday, Indian market fellow primarily due to the following reasons: 1. Not so impressive results from some of the corporate heavy weights like ICICI Bank, L & T, etc. 2. Banking shares reeling under selling pressure ahead of the Reserve Bank of India's monetary policy review meet on 29 January 2010. 3. The annual wholesale inflation rose to 7.31% in December 2009, compared with 4.78% in November and 6.15% a year ago. Food prices rose near 20% in December from a year earlier, their highest in 11 years. Finance minister Pranab Mukherjee said on Wednesday the government is taking steps to contain inflation. However, let us look at the positive sides: ...
WINNING STROKES: THINK DIFFERENT: Morning Call STL Global Ltd to the Paid Groups, moved up on some imporant news. The company is also now into infrastrucutre sector as well. The stock clocked good volume today. Accumulate Prajay Engineers Syndicate Ltd, Ambalal Sarabhai Enterprise Ltd, Sanguine Media Services Ltd, etc. Some of my earlier recommended couters which went on to become multi-baggars are: Sunil High Tech Ltd, KEC International Ltd, BGR Systems Ltd, Sicagen India Ltd, Rolta Ltd, Kernex Micro Systems, Ennore Coke Ltd, DCB Ltd, Kolte Patil Developers, Lok Housing Ltd, Kisan Mouldings, Crest Animati...on Studios Ltd, Phoenix International Ltd, Yes Bank Ltd, UCO Bank Ltd, Satyam Computer Services Ltd, Tech Mahindra Ltd, Ahluwalia Construction Ltd, Oracle Financial Services, HDIL and so on...... I think for the short term profit booking is over in the Indian Bourses and next round of Bull Phase will start. Now, Q3FY10, results of the companies have been good till d...
AMBALAL SARABHAI ENTERPRISE LTD Established more than five decades ago, Gujarat based Ambalal Sarabhai Enterprises is one of the first integrated pharmaceutical giants in India. Today it is ranked among the top 10 healthcare companies as well as considered one of the leading companies in the antibiotic market in India. ASE's Formulations range spans a wide therapeutic spectrum which includes anti-infective, analgesic, anti-inflammatory, nutritional, oncological, psychopharmacological, cardiovascular, gastrointestinal, dermatological, anaesthetic, respiratory and antidiabetic products. It has manufacturing facilities for bulk drugs both fermentation based as well as synthetic. The International Division of ASE has been set up as an Export House to market quality products manufactured at GMP approved plants of ASE. ASE's exports of Active Ingredients reach Japan, Europe, USA and Latin America. The many therapeutic formulations enjoy a strong world wide presence and are ma...
Global recovery stronger than expected: IMF chief The Markets are heading much higher, as the bias continues to be positive: Use dips to buy mid, small and micro-cap counters: Northgate Technologies Ltd, Energy Development Company Ltd, Sanguine Media Services Ltd, etc, are coming up with results at the end of this month. Keep Watch!! Kohinoor Broadcasting Corporation Ltd, VLS Finance Ltd, Vision Corporation Ltd, Prajay Engineers Syndicate Ltd, Ambalal Sarabhai Enterprise Ltd (BSE Code: 500009), XL Telecom and Energy Ltd, etc, could give good returns going forward. In case of Ambalal Sarabhai, the June, 2009 quarter EPS is 3.07, but the stock is trading at some dismal price of Rs.13.81. SEL Manufacturing Company Ltd and Kernex Micro Systems Ltd, Accentia Technologies Ltd, reaches their respective targets.... TOKYO: The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster...