Some News for Use:

1. Ambalal Sarabhai Enterprise Ltd will start production in two of its plants in Gujarat within the next 15 days time frame. One of the plants is in Boroda and another one is a little far off from Baroda. The company hopes to turn to black by Q2FY10. But since the stock market reacts in advance and hence we could see some movement of the stock before actually it turns black. The company is also taking other restructuring measures to quickly turnaround. A good and safe stock to accumulate at the CMP of around Rs.11--12.
2. In case of Kohinoor Broadcasting Corporation Ltd, Deutsche Bank Trust Co Americas holds 28,777,540 or 26.11% shares of the company in the form of GDR issue. Also it is seen that Institutions has been constantly increasing their holdings from 17.95% in September, 2009 quarter to 21.47% in December, 2009 quarter to 25.01% in March, 2010 quarter. Also we find that the promoters' holding in Kohinoor Broadcasting Corporation Ltd has slightly increased from 0.23% in September, 2009 quarter to 0.36% in March, 2010 quarter. These are all positive developments for the shareholders. Moreover, both the FY10 results and Q4FY10 results of the company are good.
3. Those who have entered Premier Explosives Ltd and Ennore Coke Ltd should book some profits and take position in Hilton Metal and Forging Ltd at the CMP of Rs.25--25.5.
4. Hospitality chain Country Club India Ltd (CCIL) plans to invest around Rs 100 crore this fiscal on its latest venture -- Country Club Grand Fractional Ownership Club (CCGFOC), a top company official said. Country Club will also start operations of 11 more clubs this year in Tier I and II cities. With over 2.25 lakh members worldwide, the BSE-listed hospitality firm has for the first time in India launched a concept that offers members fractional ownership of holiday apartments at diverse locations across the country. The four properties, under this new scheme, would be coming up at Bandipur in Mysore, Medchal near Hyderabad, Tumkur near Bangalore and Kolad near Mumbai. 
The fractional ownership concept, which is quite popular in the West, enables a member to co-own and use a holiday home by paying a fraction of amount. Those who are holding the scrip should continue to hold the scrip as the next target seems to be Rs.32.

5. Northgate Technologies Ltd has informed hat the Board of Directors of the Company at its meeting held on April 15, 2010, has considered and approved the plan of fund raising through equity offerings and/or borrowings, up to an amount of Rs. 25 Crores (Rupees Twenty Five Crores only) subject to shareholders and other approvals. So the company is now thinking of raising money--a Good Sign. 

The equity offerings can come in the form of Preference Issue according to the sources close to me. This is a good way to sell a part of the stake of a company and get the strategic  help. Seems the company is moving in the right direction. I have received news from the sources close to me that the company has started to do well. With no more massive write offs coming we could see some positive developments on the balance sheet--though the revenue will be much less considering Q-o-Q., figures Investors can start averaging the counter for the medium term outlook. 

6. Those investors who have invested in Refex Refrigerants Ltd around Rs.23--24 range a couple of weeks back should book profits and wait for the company to declare the results. 

I do not think the that Q4FY10, results will be too excellent considering that the company still has some problem with the working capital requirements. But then the season of the company has started and soon we could see better performance for the company. The company has also ventured into Renewable Energy Sector, which will start generating revenues probably from Q2DY11. 

7. Merchant Tariffs up 72% since March, 2010: The Merchant Power rates has started to surge since March, 2010, as the summer heat has perked up the refrigerator, AC and Fan bills. Moreover, severe shortages witnessed across India, particularly in Southern India have resulted in increase in Merchant Tariff. The southern region has been  affected due to grid congestion as well as the fall in the wind power generation in Tamil Nadu. The delay in the commencement of the new power plants has affected the supply across the country pushing up the merchant rates.

The merchant rates are currently at their highest level since August, 2009 and have touched day-high rates at 10/unit. Companies like Jindal Power, Tata Power, Energy Development Company Ltd, etc. are likely to be key beneficiaries of this  high Merchant Tariffs. So those who are holding these shares can continue to hold or take fresh positions on declines. Energy Development Company Ltd is all set to cross Rs.100 within the next couple of months time frame. According to a number of analysts the Merchant Tariff are expected to remain high till June, 2010 (i.e Q2FY11), due to strong demand arising out of the increased industrial activity and heavy demand from the summer months

8. The Indian Markets are likely to remain subdued next week as the investors could maintain a cautious stand ahead of RBI's policy meet on next Tuesday. Hero Honda is expected to report better net profit growth. 

The stocks of major automobile companies could be moving in line with the broader market with the results of Hero Honda and Maruti setting the tone for the sector. 

Moreover, the Banks are likely to trade in a narrow range ahead of any release of 2010-11, Annual Monetary Policy by the RBI on Tuesday. 

RBI could hike reverse Repo and Repo rate by 25 basis points and CRR by 50 basis points which has already been factored by the markets. Any hike in policy rates will lead to a further rise in government bond yields, which may bring down banks' treasury gains and profits. 
Note: I am still out of station and hence your Instant Forex (www.instantforex.biz) needs will be solved only when I am in station, once again. 
Those who are sending me repeated mail inspite of reminding them a number of times about my absence from work-place should use their brains a bit.....I shall be highly obliged if they do that.....