Showing posts sorted by date for query premier explosives. Sort by relevance Show all posts
Showing posts sorted by date for query premier explosives. Sort by relevance Show all posts

Thursday, May 21, 2009

WINNING STROKES: THINK DIFFERENT:
Sanguine Media Ltd recommended in the morning first to the Paid Groups and then to the free members who are on my Yahoo Messenger, through SMS hit the buyer freeze. The stock has a long way to go....as you have bought elephant at the price of a goat.....
Buy Visa Steel Ltd at the CMP of Rs.28--Rs.29 for a target of Rs.42. The fact that most of the steel stocks are doing well will augur well for Visa Steel Ltd. Moreover there is some good news on Visa Steel Ltd which is coming within a short time. The stock probably broke out of its current trade pattern....
Asian Oilfields Ltd crossed Rs.56 today with good volume. However, the stock came down as profit booking was advised to the Paid Groups.
Prajay Engineers Syndicate Ltd hit another buyer freeze. There were some good news on the company, recently.
One can also buy Power Grid Ltd at the CMP of Rs.118 for a target of Rs.132 in the next few days.
Southern Online Bio Tech Ltd recommended yesterday to the Paid Group hit the upper circuits also, before cooling down a bit.
Phoenix International Ltd hit another buyer freeze on the news of the rental of its 5 lakhs sq.ft area in North India. There were rumours that the company has struck a deal with a reputed company, from either Tata Group or Reliance Group (Please check ur sources). I have been repeatedly recommending the stock but then some people seems to know everything better than me. This group is now desperately trying to buy this scrip from the market, when it is already htting continuous upper circuits.
Ranklin Solutions Ltd touched Rs.25.90 before cooling down a bit. The stock came down from its all time high of Rs.224.80. There are some good news coming in the counter within a short time. The stock seems to have broken out of its price range.....Ranklin Solutions Ltd earlier informed BSE that the Board of Directors of the Company at its meeting held on March 06, 2009, has proposed to enter into Gold and Jewelery Business by amending the main object clause of Memorandum of Association of the Company subject to the approval of shareholders, Ministry of Corporate Affairs under the Companies Act, 1956 and other requisite authorities. The market cap of Ranklin Solutions Ltd is Rs.12.63 Cr only.
Indowind Energy Ltd could be a multi-bagger going forward, considering the number of projects it is doing at present. One can buy the scrip at Rs.23 for a target of Rs.45--Rs.47 in the short time.
Ennore Coke Ltd hit the buyer freeze in the opening trade. The stock has a long way to go..........
Premier Explosives Ltd hit the upper freeze today with good volumes. The stock was repeatedly recommended to the Paid and Free Groups.
Stratergy to be followed: Buy on all declines.....profit from the selling of large caps are entering in a big way in small and mid cap counters. But how long should it continue (This portion to the Paid Groups Only)...
MORE COMING...........

Wednesday, April 15, 2009

WINNING STROKES: THINK DIFFERENT:

Valecha Engineering Ltd hit the uppper circuits in the mid-day trade. The stock was recommended last week in this blog.

Pratibha Industries Ltd recommended to the Paid Groups, hit the buyer freeze with good voulume. The company is into unique business space.

Rolta Ltd recommended around Rs.42--43, gave more than 3 times return in less than 60 days. This is a miracle isn' it?? I think both the Free and Paid Members got benefitted.

Phoenix International Ltd hit the buyer freeze today. The stock was recommended repeatedly in the last few months.

Ennore Coke Ltd hit the buyer freeze, as expected on some Superb POSITIVE Development. The related news has been sent to the Paid Groups. But what is the news??

XL Telecom and Energy Ltd hit the 5% buyer freeze. The stock has been hitting the circuits since a long time and time has come to book some profits and keep holding the rest with a SL of Rs.38.8.

Indowind Energy Ltd recommended last month moved up by more than 12% today. The stock has a long way to go, as it has recently completed a project and is going to lauch another project very soon.

Kohinoor Broadcasting Corporation Ltd hit the 7th consecutive buyer freeze. The stock was recommended to the Paid Groups a couple of weeks back.

The Intra-day call on Era Infrastructure Ltd reached its target. The company is expected to do well going forward.

English India Clays Ltd hit the buyer freeze. The company is coming up with a rights issue at Rs.1000 per share.

BSEL Infrastructure Realty Ltd hit 9th consecutive buyer freeze after it was recommended around Rs.9.7--Rs.10, a couple of weeks back.

Pyramid Saimira Theatres Ltd hit 8th consecutive buyer freeze. The stock was strongly recommended around Rs.14--Rs.15, range when most of the analysts were investing canards on the company. This is what happens if you start believing every analyst in the media.There are some terrific news coming on the company..

One can have a look at Dolat Investments Ltd (BSE Code: 505526) at Rs.3.99. The Group's principal activity is to involve in investment and trading activities. Hence the movemement of share market is directly proportional to the share price.

Prajay Engineering Syndicate Ltd hit the 7th consecutive buyer freeze. The stock has still a long way to go. Can you imagine buying this stock at Rs.18--Rs.19, when at one time it was available at around Rs.300 plus.....

Reliance Industrial Infrastrucutre Ltd moved up to Rs.844 before cooling down a bit. According to a noted analyst: "Reliance Group is trying to make Reliance Industrial Infrastrucutre Ltd, a full-fledged gas carrier because the Krishna Godavari (KG) Gas basin production has started. The Reliance Group is the promoter and the Ambani family has set up the gas pipeline from Kakinada to Baruch of 1,400 km with a capital outlay of close to Rs 3,500 crore. That pipeline is not owned by Reliance Industries or by listed company but by a closely held company, so the idea was that this company will get merged or this project will be taken over by Reliance Industrial Infrastructure and becomes a full-fledged gas carrier company.

He further added, the present turnover of Reliance Industrial Infrastructure is at about Rs.60-70 crore on which they make a profit of close to Rs.20 crore. Suppose, once they takeover this project their topline can balloon, maybe to about Rs.600-700 crore with bottomline of about Rs.200-300 crore, so that will give a very good jump.

Presently, 45% stake of Reliance Industrial Infrastructure is held by Reliance Industries Limited suppose there is a chance or if one presumes that this pipeline company gets merged with this Reliance Industrial Infrastructure, this company will come to its size having a very good presence. Then in future because the group is planning to lay pipeline across the country maybe from Kakinada to the Central part of the country to the southern part of the country, as well as the city gas distribution project can be taken up by this Reliance Industrial Infrastructure.

So they will be taking a reasonable size of this company, which translates into a market capitalization of close to USD 2-3 billion and those argument or those expectations seems feasible the gas production started from KG basin, this 1,400 km pipeline can get merged into this company. If that happens then this will vastly change the fundamentals or vastly re-rate the Reliance Industrial Infrastructure from hereon.

And if the plant gets moved on or gets advanced on these fronts the share price can even cross four-digits".

He further states, " Reliance Industrial Infrastrucutre Ltd (RIIL) is is a closely held company, the shareholding is not owned by Reliance Industries or any of the listed arms. For sake of argument if it gets merged and they issue the shares the effective shareholding of the Reliance Industrial Infrastructure post merger will be held by the Ambani family, maybe to the extent of 45% by Reliance Industries which is held by them now. But thereafter the additional or the new shares will get issued to the Ambani family in their personal capacity."

What I feel is that at the current market cap, the stock is still looking cheap considering the potential of the company going forward. Moreover, the fact that it is associated with Reliance Industries Ltd, who is holding 45.43% of the shares of the company, adds further value for the shareholders. Also, Reliance Capital Ltd is also holding position in the company. So both the "Ambani Brother" are having holdings in the company, which further adds to the value.

Now if Anil Bhai Ambani, wants to further increase his stake in the company, from the present paltry state to have further say in the company's activies, I cannot imagine to what price the share can shoot to.....May be Rs.5000 or may be more; considering the topline of Reliance Industrial Infrastructure Ltd of about Rs.600-700 crore and bottomline of about Rs.200-300 crore. ...Therefore, remain invested and keep a strict watch on the counter.

Premier Explosives Ltd recommended to the Paid Groups around Rs.17--Rs.18, a couple of weeks back moved to Rs.23.40 today with good volume. There is a hidden value in the shares of the company even at this price.

Vikash Metal and Power Ltd hit the 12th consecutive buyer freeze after it was recommended to the Paid Groups. There is now a power story in the company including a carbon credit story.

Tata Steel Recommended to the Paid Groups, around Rs.150--Rs.160, moved to Rs.297, today giving more than 60% return in less than 30 days.

How will the markets behave in future and what are the stocks to be purchased....these are only for the Paid Groups. Upto what level the Nifty will move in the next few trading sessions??

Thursday, March 26, 2009

WINNING STROKES: THINK DIFFERENT:

Marathon Nextgen Realty Ltd (BSE Code: 503101, CMP: Rs.116.45), recommended in the morning to the Paid Groups at Rs.116.45, hit the buyer freeze in the early trade.

Havells India Ltd, moved up to Rs.157 today with good volumes. The following message is sent to Paid Groups in the morning: "HAVELLS INDIA has bagged $200 million export order from the West European countries to supply motors and compact fluorescent lamps over a period of five years."

Akruti City Ltd, which was touted as a real estate play tanked 55.06% after the expiry of F & O. The following message was sent to the Paid Groups today, "Don't Buy Akruti City Ltd. If anyone of the Paid members is holding the stock please exit today, in the first hour of trading. The stock as per market sources could be placed in the T-group and will be out of F & O from tomorrow." So, these members are saved from falling into the hands of the operators. The stock might now start hitting continuous Lower Circuits.

RDB Industries Ltd hit 3rd consecutive buyer freeze before cooling down a bit. The company has a hidden real estate story.

Pyramid Saimira Theatres Ltd closed flat today with good volume. The current news flow is positive for the company and hence I would not be surprised if the stock starts hitting continuous buyer freezes.

Unitech Ltd recommended at Rs.26, as a multi-bagger touched Rs.37.15, before closing a tad below this price. I am told that this stock was recommended by a brokerage house.

Premier Explosives Ltd moved up by 4.30% before cooling down a bit. This is going to be another multi-bagger going forward and is my old favourite.

BSEL Infrastrucutre Realty Ltd was recommended today to the Paid Groups, as the company has come out with good results for the Q3FY09 and also due to the fact that the company is doing a number of overseas projects. I have also recommended Kolte Patil Developers Ltd today to the Paid Groups.

Crompton Greaves Ltd moved to Rs.122.35 from yesterday's closing price of Rs.106, stunning all the investors. The company has recently acquired a group company, which generated a bit of controversy.

Reliance Industries Ltd (RIL) which was recommended in this blog and to the Paid Groups around Rs.1150, last week touched Rs.1575 today. Where is the stock heading now?? Reliance Industrial Infrastructure Ltd which gets a majority of its projects from RIL should do well going forward-a potential multi-bagger.

CESC Ltd recommended in this blog a couple of days back and also to the Paid Groups touched Rs.217 today. The stock is going to give high return to the investors.

Tata Steel Ltd recommended to the Paid Groups and also in this blog, at around Rs.155, touched Rs.204, in less than 15 days time frame.

HDIL recommended in the morning mail to the Paid Groups touched Rs.87.50. The company is doing a massive project in Mumbai (Bombay).

The following message was sent to the Paid Groups today, in the morning mail: Since the crude oil prices are moving up, the alternative energy companies would also do well---XL Telecom and Energy Ltd, Praj Industries Ltd, Suzlon Ltd (now I have put it in the buy list upgrading from my ealier sell call), Indowind Energy Ltd (is better than Suzlon Energy Ltd), NEPC India Ltd, Southern Online Bio Technologies Ltd, etc.

Fall in headline inflation to a record low and short covering in the derivatives segment ahead of the expiry of the near-month March 2009 contracts lifted the barometer index BSE Sensex above the psychological 10,000 mark in mid-afternoon trade. The Sensex had last had hit the 10,000 mark on 7 January 2009, the day Satyam Computer unveiled India's biggest corporate fraud and triggered a market slide. The S&P CNX Nifty breached the psychological 3,000 mark.

A slide in inflation to near zero reinforced expectations of a further easing of the monetary policy by the Reserve Bank of India (RBI). Stepping up of buying by foreign funds, overnight gains in US stocks, higher Asian markets and higher US index futures also bolstered sentiment.

However, the market came off the higher level in late trade soon after a steep surge took the Sensex past 10,000 mark in mid-afternoon trade. market slide. The BSE 30-share jumped 335.20 points, or 3.47%, off close to 60 points from the day's high.

Auto, capital goods, banking, IT and metal stocks surged. But index heavyweight Reliance Industries (RIL) came off the day's high in late trade.

Reserve Bank of India Governor D Subbarao today said the slowdown in India's economic expansion has been steeper than previously estimated and the challenge will be to arrest the moderation in growth. He said a painful adjustment was inevitable until the economy recovered and stimulus measures were the right step in the current extraordinary situation.

The RBI governor said there is a cost to further fiscal stimulus and more borrowings will put pressure on credit markets. The RBI governor said 2009/10 will be a challenging year unless business confidence and investment revived, and said earlier cuts in policy rates needed to flow through to the economy. "We set the policy rates but policy rates have to transmit through the banks," Subbarao said.

Inflation based on the wholesale prices rose 0.27% in the 12 months to 14 March 2009, a record low and below the previous week's annual rise of 0.44%, data released by the government in mid-morning trade showed. The fall in headline inflation to a record low has raised expectations of further easing of the monetary policy by the Reserve Bank of India (RBI) to boost demand in the economy.

Retail inflation is, however, ruling firm even as the whole sale price inflation has touched a record low. Retail inflation as measured by the Consumer Price Index for farm labourer (CPI-AL) and rural labourers (CPI-RL) eased to 10.79% in February 2009, a marginal dip from 11.62% and 11.35% respectively in January 2009. CPI-AL and CPI-RL were at 6.38% and 6.11% in corresponding period last year.

Annual inflation for food articles remains high even though it has eased from the 10 year high of 11.64% witnessed in first week of January 2009. Inflation for food articles stood at 7.35% for first week of March 2009 with double-digit price rise for many items including sugar and gur, pulses and cereals. At the time of announcing a reduction in key short-term interest rates, the RBI said early this month that though consumer price inflation has remained at elevated level due to increase in primary articles prices, it is expected to decline with a lag effect due to sharp fall in the wholesale price inflation.

Prime Minister Manmohan Singh on Tuesday, 24 March 2009 said India's economy will revive in a big way in six to seven months as stimulus packages start to take effect. On the same day, Planning Commission Deputy Chairman Montek Singh Ahluwalia scaled down the GDP (gross domestic product) growth projection for the current fiscal to 6.5% from the 7.1% increase estimated by the government earlier during the year, owing to the ongoing global crisis.

Meanwhile, there are sings that the credit flow to businesses is improving. During the fortnight ended 13 March 2009, loans sanctioned by scheduled commercial banks (SCBs), including regional rural banks, went up by Rs 22423 crore. This was the third fortnight in a row when credit flow went up. Earlier, an extreme risk aversion by banks had chocked credit flow to the industry - the lifeline of business.

European shares moved in and out of positive zone after a five-day rally as investors remained worried about the health of the financial sector even as recent US data raised hope for a recovery. Key benchmark indices in UK and Germany were up by between 0.01% to 0.49%. But France's CAC 40 fell 0.08%.

Asian stocks rose today, 26 March 2009 lifting the region's benchmark index to a two-month high, as better-than- expected US economic reports fueled optimism that global growth is responding to government stimulus measures. Key benchmark indices in Hong Kong, Japan, Singapore, South Korea and Taiwan were up by between 0.75% and 3.78%. Trading in US index futures indicated the Dow could rise 50 points at the opening bell on Thursday, 26 March 2009. US stocks advanced in a volatile session on Wednesday, 25 March 2009 as unexpected growth in durable-goods orders and new-home sales stimulated confidence the economy is improving. The Dow Jones industrial average rose 89.84 points, or 1.17%, to 7,749.81. The Standard & Poor`s 500 index rose 7.63 points, or 0.95%, to 813.88, while the Nasdaq Composite index rose 12.43 points, or 0.82%, to 1,528.95.

The US February 2009 new home sales increased by 4.7% to 337,000 compared with January 2009, as against an expected decline of 2.9%. Commerce Department's report showed durable goods orders rose 3.4% in February 2009 over the previous month to $165.6 billion, as against an estimated 2.5% fall.

Closer home, traders and brokers can now have a higher exposure in the currency futures market after the market regulator Sebi on Tuesday, 24 March 2009, doubled the gross outstanding limit to $10 million for small traders, $50 million for brokers. However, the limits for banks - the biggest participants in the market so far - have been left untouched at $100 million.

Earlier the global financial crisis ends and sooner the risk appetite of global investors and global companies improves, better it will be for India Inc. An increase in risk appetite of global investors/global companies will help Indian firms raise overseas funds required for business expansion. The global financial crisis has chocked the overseas funding route for Indian firms.

Raising funds could become difficult for small and medium enterprises (SMEs) with new lending regulations for banks, popularly known as Basel II norms coming into practice from 1 April 2009. All business units, irrespective of their size, will need to take ratings for their enterprises to secure working capital, loans, and other funds from banks.

Lack of funding has hit a slew of long-gestation infrastructure projects in India. World Bank Chief Economist & Senior Vice-President, Dr Justin Yifu Lin, on 13 March 2009, said if India can improve its infrastructure such as electricity, power, transportation and port facilities, it will be well on its path to achieve a 9-10% growth.

Meanwhile, foreign institutional investors have stepped up buying of Indian stocks which follows easing of FII selling vigour in the past few days. FIIs bought shares worth a net Rs 2,494.70 crore in nine trading sessions from 13 March 2009 to 25 March 2009. According to provisional data on NSE, foreign institutional investors (FIIs) were net buyers worth Rs 348.65 crore while mutual funds bought shares worth Rs 8.92 crore on Wednesday, 25 March 2009.

Foreign funds can take solace in the recent sharp rebound in the rupee against the dollar. However, the currency has been volatile. A recent sharp slide in the rupee to a record low had resulted in a depreciation in the value of FIIs equity portfolio to the extent of the fall in rupee. The rupee hit a record low beyond 52 per dollar early this month.

The Indian currency rose in early trade on Thursday 26 March 2009 helped by gains in other Asian currencies but month-end demand for the US unit from refiners and importers could limit gains. The partially convertible rupee was at 50.72 per dollar, higher than its Wednesday's close of 50.74/75.

Domestic institutional investors have been absorbing heavy selling by foreign funds in calendar year 2009. Mutual funds are likely give support to prices to prop-up year end net asset values (NAVs). The financial year ends on 31 March 2009.

The recent steep volatility in the currency does not augur well for corporate India as it may result in hedging losses for some firms.

Meanwhile, the National Advisory Committee on Accounting Standards (Nacas), has reportedly favoured suspending for two years a key rule that requires firms to mark-to-market (MTM) foreign exchange assets and liabilities, a decision which is favourable for corporate India.

Accounting Standard-11 mandates MTM provisioning in the P&L a/cs for forex-related gains and losses. It requires that forex assets & liabilities be recorded at a fair value on the date of preparation of the balance sheet. The demand to suspend this rule, known in accounting circles as AS-11, was made by the Confederation of Indian Industry (CII) on grounds that it could severely distort the earnings of many companies. It was contended that this accounting standard, designed to address normal conditions, should be suspended for the time being, as the present market conditions were not normal.

The upside on the domestic bourses will be capped in the next two months due to political uncertainty ahead of parliamentary election to be held between mid-April 2009 to mid-May 2009. More so at a time when it is highly unlikely that either Congress or BJP will come to power on its own, i.e., without the support of other small/regional parties. Early estimates point a fractured mandate. An alliance led by the Congress party is ahead in pre-poll surveys carried out by several polls.

But in a move which could undermine the chances of a Congress-led alliance getting more seats in the election, RJD supremo Lalu Prasad has announced candidates for 28 of the 40 constituencies in Bihar including from the three seats where Congress has sitting MPs. RJD is one of the key constituents of the current Congress-led UPA government at the Centre.

The Congress, meanwhile, has reported sealed a seat-sharing pact with the Nationalist Congress Party (NCP) in the populous Maharashtra state. Relations between the two parties have been prickly as the NCP negotiated with opposition parties to undercut Congress and boost its leader's prime ministerial ambitions. Congress will stand for 26 seats in the state and the NCP for 22. The allies are weighing up their options for a similar deal outside the state.

The Congress party on Tuesday 24 March 2009 said it would extend interest relief to farmers and build on the national job guarantee scheme. The focus on populist measures by Congress may weigh on the stock market sentiment especially at a time when the fiscal deficit has risen sharply. Releasing the party manifesto for the election, the Congress party on Tuesday said it would maintain government control over state-run firms in the manufacturing and finance sectors.

As per reports, BJP's manifesto is likely to be even more populist than that of the Congress party. The BJP looks set to sell rice to families below the poverty line at the hugely subsidised price of Rs 2 a kilo. Congress has already promised to sell 25 kilos of wheat or rice per month at Rs 3 a kilo.

A group of smaller political parties, including the communists, have formally launched a Third Front in a bid to provide an alternative to the two main parties viz. the Congress and the BJP.

A latest jolt to the Congress party came from a decision of the regional party in Tamil Nadu viz. the PMK on Thursday, 26 March 2009, to join hands with the All India Anna Dravida Munnetra Kazhagam (AIADMK). PMK is a part of the ruling Congress-led United Progressive Alliance at the centre. The PMK's decision to join AIADMK could give impetus to the Third Front if the PMK and AIADMK join it.

The BSE 30-share Sensex advanced 335.20 points, or 3.47%, to 10,003.10, its highest closing since 6 January 2009. At the day's high of 10,061.36, the Sensex rose 393.46 points in late trade. At the day's low of 9,739.93, the Sensex rose 72.03 points in early trade.

The BSE Sensex has risen 1,842.70 points or 22.58% in eleven trading sessions from a three-year closing low of 8,160.40 on 9 March 2009

The S&P CNX Nifty was up 97.90 points or 3.28% to 3,082.25.

The market breadth, indicating the overall health of the market, was strong on BSE with 1,394 shares advancing as compared with 1,163 that declined. A total of 56 shares remained unchanged.

The BSE clocked a turnover of Rs 4,607 crore, higher than Rs 4,097.44 crore on Wednesday, 25 March 2009.

Nifty April 2009 futures were at 3075.50, at a discount of 6.75 points as compared to the spot closing of 3082.25. Turnover in NSE's futures & options (F&O) segment increased to Rs 76,957.01 crore from Rs 74,456.63 crore on Wednesday, 25 March 2009.

The BSE Mid-Cap index was up 0.75% and BSE Small-Cap index rose 0.32%. Both the indices underperformed the Sensex.

The BSE Capital Goods index (up 5.42%), the BSE Power index (up 4.02%), the BSE Metal index (up 3.97%) outperformed the Sensex.

The BSE Realty index (down 4.54%), the BSE Healthcare index (up 1.21%), the BSE Consumer Durables index (up 2.26%), the BSE Oil & Gas index (up 2.42%), the BSE FMCG index (up 2.67%), the BSE PSU index (up 2.74%), the BSE Auto index (up 3.03%), the BSE TECk index (up 3.25%), the BSE IT index (up 3.29%), the BSE Bankex (up 3.38%) underperfomed the Sensex.

From the 30 share from the Sensex pack 27 stocks gained while rest fell. Reliance Infrastructure, ONGC, Tata Power Company, Bharti Airtel rose by between 4.91% to 5.57%. India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) rose 2.16% to Rs 1,566.55. The company is reportedly expected to start natural gas production from its Krishna Godavari (KG) basin field in early April 2009.

RIL's advance tax payment fell 16.47% to Rs 370 crore in Q4 March 2009 over Q4 March 2008.

Shares of oil marketing companies rose for the third straight day in a row after the government issued oil bonds worth Rs 10,000 crore to compensate them for under-recoveries on sale of petroleum products at a controlled price during the current financial year. BPCL and HPCL rose by between 2.6% and 2.31% respectively.

But Indian Oil Corporation fell 0.85% after company said on Wednesday, 25 March 2009 the government has approved a proposal to absorb its subsidiary Bongaigaon Refinery & Petrochemicals (BRPL). Indian Oil will issue four shares for every 37 shares in BRPL.

Indian Oil Corporation has been issued oil bonds worth Rs 5,817.27 crore, while Bharat Petroleum Corporation has been issued bonds worth Rs 2,144.32 crore. Hindustan Petroleum Corporation has got bonds worth Rs 2,038.41 crore.

Rate sensitive real estate shares fell on recent reports falling interest rates have failed to revive housing demand. DLF, Indiabulls Real Estate, Akruti City fell by between 0.31% to 55.06%. Most of the realty deals including sale of commercial property and housing sales is driven by finance.

Some healthcare stocks rose on expectations of better Q4 March 2009 results following reports of higher advance tax payment by these firms. Matrix Laboratories, Lupin, Dr Reddy's Laboratories, Lupin Pfizer, Cipla rose by between 0.22% to 4.29%.

Outsourcing focussed IT stocks rose on hopes of a revival in the US economy, the biggest market for IT firms. India's largest software services exporter by sales TCS jumped 5.94%. The company's advance tax payment fell 54.3% to Rs 53 crore in Q4 March 2009 over Q4 March 2008.

India's second largest software services exporter Infosys Technologies rose 3.06%. Its ADR rose 2.25% on Wednesday. Recent reports said it may win a large IT project from the government, which will run on a transaction-based pricing model, similar to the passport processing contract its larger rival Tata Consultancy Services (TCS) won last year. The contract is among the many large IT contracts that are up for bidding from government departments or public sector undertakings, reports suggest.

India's third largest software services exporter, Wipro rose 5.03%. Its ADR gained 0.54% on Wednesday. Recently its unit Wipro Infotech won an outsourcing contract worth Rs 1,182 crore from the Employees State Insurance Corporation (ESIC).

The Indian rupee surged on Thursday helped by gains in other Asian currencies but month-end demand for the US unit from refiners and importers could limit gains. A stronger rupee affects operating profit of IT firms negatively as they earn most of their revenues from exports.

Metal stocks gained on a recent solid surge in metal prices on the London Metal Exchange and on imposition of a safeguard duty by the Indian government recently on import of some aluminium products. Steel Authority of India, National Aluminum Company, Tata Steel, Hindustan Zinc and Hindalco Industries rose by between 1.06% to 5.46%.

Rate sensitive auto shares gained on hopes lower interest rates and fall in fuel prices would spur demand for vehicles which is mainly driven by finance. India's largest commercial vehicle maker by sales Tata Motors rose 7.94%. The world's cheapest car Tata Nano was unveiled in Mumbai by Tata Group Chairman Ratan Tata on Monday 23 March 2009. Bookings for the Nano are expected to soothe the company's funding woes.

India's largest car maker by sales Maruti Suzuki India rose 5.07% on recent report firm is working towards launching new cars and improvising the existing ones to counter attack Tata Motors' recently unveiled world's cheapest car Tata Nano. In a tussle to capture the Indian passenger car market, Maruti is likely to launch Maruti Splash or Ritz in the second week of May 2009. Ritz will mount a 1.2 litre (KB series) petrol or 1.3-litre diesel engine and will be priced at around Rs 4-5.5 lakh.

India's largest motorbike maker by sales Hero Honda Motors rose 1.79%. India's largest tractor maker by sales Mahindra & Mahindra rose 1.58%.

Banking stocks gained after Reserve Bank of India (RBI) on Wednesday 25 March 2009 issued fresh norms for the treatment of provisions for restructured accounts, standard assets, and non-performing assets (NPAs), a move that will help improve the financial health of banks. India's largest bank in terms of assets and branch network State Bank of India rose 4.17%. Its advance tax payment jumped 27.64% to Rs 1810 crore in Q4 March 2009 over Q4 March 2008.

India's largest private sector bank by net profit ICICI Bank rose 2.31% to Rs 374.20. But the stock was off the day's high of Rs 376.70. Its American depository receipts (ADR) remained flat on Wednesday 25 March 2009. ICICI Bank's advance tax payment remained unchanged at Rs 250 crore in Q4 March 2009 when compared to Q4 March 2008.

India's second largest private sector bank by operating income HDFC Bank rose 1.37%. Its ADR rose 4.65% on Wednesday. Its advance tax payment rose 10% to Rs 275 crore in Q4 March 2009 over Q4 March 2008.

India's biggest dedicated housing finance firm by operating income HDFC rose 3.51%, extending gain for the second straight day after it announced a 50 basis points reduction in its retail prime lending rate (RPLR) to 14% effective Wednesday 25 March 2009.

The new RBI norms are expected to improve capital adequacy and bring down the level of net NPAs. Under the revised norms, the banks can use the provisions made for decline in the fair value of restructured advances (standard assets and NPAs) for netting from relative assets.

India's largest engineering and construction firm by sales Larsen & Toubro (L&T) rose 6.1%. As per recent reports L&T and Grasim Industries are on the verge of settling their 7-year old legal dispute over Grasim`s 0.62% stake in L&T and the latter`s 11.49% stake in Ultratech, the Birla group cement firm. Grasim Industries and Ultratech Cement are Aditya Birla group companies. Other capital goods stocks Bharat Heavy Electricals, Crompton Greaves, Punj Lloyd, Praj Industries, ABB, rose by between 0.49% to 14.1%. Some FMCG stocks rose on expectations of better Q4 March 2009 results following reports of higher advance tax payment by these firms. Nestle India, Britannia Industries, Marico, Tata Tea, ITC, United Breweries rose by between 0.52% to 4.23%. India's largest FMCG firm by sales Hindustan Unilever rose 1.85%. The company's advance tax payment rose 30% to Rs 130 crore in Q4 March 2009 over Q4 March 2008. Unitech clocked the highest volume of 3.7 crore shares on BSE. Motherson Sumi (3.42 crore shares), Cals Refineries (1.74 crore shares), GVK Power Infrastructure (1.09 crore shares) and IFCI (95.77 lakh shares) were the other volume toppers I that order. Akruti City clocked the highest turnover of Rs 545.49 crore on BSE. Reliance Industries (Rs 370.53 crore), Motherson Sumi (Rs 206.66 crore), ICICI Bank (Rs 163.49 crore) and Reliance Infrastructure (Rs 135.79 crore) were the other turnover toppers in that order.

Monday, March 23, 2009

WINNING STROKES: THINK DIFFERENT:
Sunday Report recommended scrip Glodyne Technoserve Ltd hit the buyer freeze, on positive outlook of the company. The report on the company would be placed soon at: www.sumanspeaksplus.blogspot.com.
Today banking counters moved up, much to the displeasure of First Global headed by husband and wife pair of Mr & Mrs.Shankar Sharma.
KEC International Ltd hit the buyer freeze. The stock was mentioned in the Sunday Report to the Paid Groups.
Last week's Quickie Call, Sandur Manganese Ltd recommended at Rs.200, hit the buyer freeze. This stock is going to be multibagger going forward.
My recommended Tata Steel Ltd reached its first target of Rs.195 today. This stock along with SAIL was recommended when everyone was talking of Mayhem in the steel sector.
My favourites Reliance Industries Ltd and Cairn Energy Ltd moved up today substantially. Both the scrips were recommended in the Sunday Report to the Paid Groups. Reliance Industries Ltd was recommended to the Paid Groups and in this blog at around Rs.1100, with a price target of Rs.1450, a day after Kotak Securities Ltd downgraded the scrip to the sell category---now they have mud on their faces.
Lok Housing recommended at around Rs.14 last week, hit 3rd consecutive buyer freeze. Now start buying Prajay Engineers Syndicate Ltd and Sunil High Tech Engineers Ltd before these two also runs away from your hand.
U B Engineering Ltd recommended to the Paid Groups at around Rs.35, a couple of dyas back, moved to Rs.41.85 (first target was Rs.42) before cooling down a bit. This Vijay Mallya Group company has great future ahead. I am thinking of placing a report on the company in www.sumanspeaksplus.blogspot.com, within a short time. If people think twice to buy a company which has reduced its cumulative loss to less than Rs.31 Cr, then there is genuine problem with the investors in the market. Either they do not know which stocks to buy or they are totally confused to find the triggers in a stock.
Unitech Ltd recommended at Rs.26.5, moved to Rs.28.20 (first target-Rs.29.5) before coming for a mild correction. This is another multi-bagger in the making.
Reliance Infrastructure Ltd recommended at around Rs.450, last week to the Paid Groups, moved to Rs.530.
Reliance Industrial Infrastructure Ltd recommended at around Rs.220, moved to Rs.288.20, before cooling down a bit. This is another multi-bagger in the making.
BGR Energy Systems Ltd recommended at around Rs.110, only some days back, moved to Rs.130.50, before closing at Rs.128.2.
ICSA Ltd recommended at Rs.55, Rs.78 and Rs.92, reached its first target of Rs.75, before closing a tad below that level.
Kohinoor Broadcasting Services Ltd hit the buyer freeze before cooling down a bit. The Company does not have any reportable segment in stand alone. However Geographical segment are there in consolidated accounts.
Now what to do with Pyramid Saimira Theatres Ltd and Southern Online Bio Technologies Ltd, Premier Explosives Ltd, Phoenix International Ltd, H S India Ltd, etc??!! How will the markets behave tomorrow???!! What are positives and negative points in the market.....
Please note that, I have been bitten by a Lizard on the toe while preparing the Sunday Report for the Paid Groups and hence I had to take some injections which is affecting my typing speed on the computer. If the pain becomes too much due to the injection, I might not be able to send Morning Report to the Paid Groups tomorrow morning---please bear with me.
Banking stocks surged tracking global rally in financial stocks as key benchmark indices made hefty gains on latest effort by the US to revive the economy and stabilize its financial system. Ranbaxy Laboratories spurted and Index heavyweight Reliance Industries galloped. The BSE 30-share Sensex jumped 457.34 points, or 5.1%. It was the biggest single day rally in the Sensex in percentage terms since early December 2008. The barometer index today hit its highest level in more than a month.
Asian and European stocks rose and US index futures surged ahead of a US government announcement today, 23 March 20009, of plans to rid banks of toxic assets. The sentiment was bolstered by expectations that the US Treasury's efforts to stabilise the ailing financial system would speed up a recovery of the US economy. The United States offered financing for private investors as part of a plan to purge banks of up to $1 trillion in toxic assets in its drive to pull the world's biggest economy out of deep recession.
Buying by foreign funds also underpinned sentiment. Expectations of a further easing of the monetary policy remain with headline inflation at a record low.
The fall in headline inflation to a record low has raised expectations of further easing of the monetary policy by RBI to boost demand in the economy. Inflation based on the wholesale price index (WPI) rose 0.44% in the year through 7 March 2009, a record low for the current series, data released by the government during trading hours on Thursday, 19 March 2009, showed. The rate of growth in inflation was much lower than previous week's annual rise of 2.43%.
Interest rates in India have to fall further to channel more funds into infrastructure projects, Planning Commission member Kirit Parikh said on Friday, 20 March 2009. The Reserve Bank of India (RBI) has aggressively cut its policy lending rate by 400 basis points since October 2008, but banks are yet to reduce their individual lending rates to that extent. Retail inflation is, however, ruling firm even as the whole sale price inflation has touched a record low. Retail inflation as measured by the Consumer Price Index for farm labourer (CPI-AL) and rural labourers (CPI-RL) eased to 10.79% in February 2009, a marginal dip from 11.62% and 11.35% respectively in January 2009. CPI-AL and CPI-RL were at 6.38% and 6.11% in corresponding period last year.
Annual inflation for food articles remains high even though it has eased from the 10 year high of 11.64% witnessed in first week of January 2009. Inflation for food articles stood at 7.35% for first week of March 2009 with double-digit price rise for many items including sugar and gur, pulses and cereals. At the time of announcing a reduction in key short-term interest rates, the RBI said early this month that though consumer price inflation has remained at elevated level due to increase in primary articles prices, it is expected to decline with a lag effect due to sharp fall in the wholesale price inflation.
Earlier the global financial crisis ends and sooner the risk appetite of global investors and global companies improves, better it will be for India Inc. An increase in risk appetite of global investors/global companies will help Indian firms raise overseas funds required for business expansion. The global financial crisis has chocked the overseas funding route for Indian firms.
Lack of funding has hit a slew of long-gestation infrastructure projects in India. World Bank Chief Economist & Senior Vice-President, Dr Justin Yifu Lin, on 13 March 2009, said if India can improve its infrastructure such as electricity, power, transportation and port facilities, it will be well on its path to achieve a 9-10% growth.
Meanwhile, foreign institutional investors are now in buying mode which follows easing of FII selling vigour in the past few days. FIIs bought shares worth a net Rs 1132.80 crore in five trading sessions from 13 March 2009 to 19 March 2009.
Foreign funds can take solace in the recent sharp rebound in the rupee against the dollar. However, the currency has been volatile. The partially convertible rupee was at 50.38 per dollar, above Friday's close of 50.66/68. A recent sharp slide in the rupee to a record low had resulted in a depreciation in the value of FIIs equity portfolio to the extent of the fall in rupee. The rupee hit a record low beyond 52 per dollar early this month.
Domestic institutional investors have been absorbing heavy selling by foreign funds in calendar year 2009.
However, the upside on the domestic bourses will be capped in the next two months due to political uncertainty ahead of parliamentary election to be held between mid-April 2009 to mid-May 2009. More so at a time when it is highly unlikely that either Congress or BJP will come to power on its own, i.e., without the support of other small/regional parties. An alliance led by the Congress party is ahead in pre-poll surveys carried out by several polls. However, in a move which could undermine the chances of a Congress-led alliance getting more seats in the election, RJD supremo Lalu Prasad today announced candidates for 28 of the 40 constituencies in Bihar including from the three seats where Congress has sitting MPs. RJD is one of the key constituents of the current Congress-led UPA government at the Centre.
Meanwhile, a good news for the Asian emerging markets is that the region accounted for the bulk of the healthy inflow into emerging market equities funds during the week ended 18 March 2009, according to the latest data from fund tracker EPFR Global. Emerging market equities, among the riskier asset classes, saw a healthy net inflow of $350.3 million in the latest week. Funds focused on Asia ex-Japan made up the bulk of that overall amount, with a net inflow of $409.2 million.
However, the Indian market may remain volatile in the next few days ahead of the expiry of March 2009 derivatives on Thursday, 26 March 2009.
Meanwhile in a move that could boost turnover market regulator Security and Exchange Board of India (Sebi) plans to introduce new derivative products like lower-value contracts on individual stocks in the domestic derivative market in a bid to encourage retail investors in the option and future market. The derivatives market review committee has recommended mini contract that would be fourth or a tenth in size of a normal derivative contract besides some measures to increase participation and liquidity in the market. The Sebi panel also recommend increase in tenure of longer-term options up to three years to attract more investors and bring transparency in the system.
The Sebi's committee on derivatives market has also recommended making margining systems simpler. The committee has recommended that the margining system be made more straightforward through the introduction of portfolio-based and cross-margining systems.
European shares rose in early trade on Monday with financials the major gainers as investors trained their sights on a US Treasury plan to buy toxic assets from banks. Key benchmark indices in France, Germany and UK were up by between 1.61% to 1.95%.
Asian markets surged today, 23 March 2009 on optimism that the US government stimulus efforts will revive lending and ease the global economic slump. Key benchmark indices in China, Hang Seng, Japan, Singapore, South Korea and Taiwan were up by between 1.95% and 4.78%.
Trading in US index futures indicated the Dow could rise 205 points at the opening bell on Monday, 23 March 2009, as investors awaited the release of a US plan to stabilize the financial system. A Wall Street Journal report late Sunday, 22 March 2009, cited US Treasury Secretary Timothy Geithner as saying that the only way to resolve the financial crisis was to work with the private sector to remove troubled assets clogging banks' balance sheets.
US stocks declined on Friday, 20 March 2009 as the Federal Reserve's plan to rekindle consumer and small business lending fell short of expectations and General Electric was hit by analysts' bearish comments. The Dow Jones Industrial Average slipped 122.42 points, or 1.65%, to 7,278.38. The Standard & Poor's 500 Index shed 15.50 points, or 1.98%, to 768.54 and the Nasdaq Composite Index lost 26.21 points, or 1.77%, to 1,457.27.
The BSE 30-share Sensex jumped 457.34 points, or 5.1%, to 9,424.02, its highest closing since 13 February 2009 and its biggest one-day rise in percentage terms since early December 2008. At the day's high of 9,454,69, the Sensex rose 488.01 points in late trade. At the day's low of 9,040.30, the Sensex gained 73.62 points in early trade.
The S&P CNX Nifty gained 133.85 points or 4.73% at 2939.90.
From a three-year closing low of 8,160.40 on 9 March 2009, the BSE Sensex has risen 1,263.62 points or 15.48%.
The BSE clocked a turnover of Rs 3,709 crore, higher than Rs 2,942.83 crore on Friday, 20 March 2009.
Nifty March 2009 futures were at 2936.50, at a discount of 3.40 points as compared to the spot closing of 2939.90. Turnover in NSE's futures & options (F&O) segment surged to Rs 63,299.50 crore from Rs 43,647.51 crore on Friday, 20 March 2009.
The BSE Mid-Cap index was up 2.73% and BSE Small-Cap index rose 2.01%. Both the indices underperformed the Sensex.
The BSE Bankex (up 6.66%), the BSE Oil & Gas index (up 6.4%), the BSE Metal index (up 6.31%) outperformed the Sensex.
The BSE PSU index (up 4.21%), the BSE Power index (up 3.66%), the BSE TECk index (up 3.35%), the BSE Healthcare index (up 3.35%), the BSE Capital Goods index (up 2.84%), the BSE IT index (up 2.44%), the BSE Auto index (up 2.35%), the BSE Consumer Durables index (up 2.31%), the BSE FMCG index (up 2.05%), the BSE Realty index (up 1.39%) underperfomed the Sensex.
The market breadth, indicating the overall health of the market, was strong on BSE with 1,630 shares advancing as compared with 923 that declined. A total of 60 shares remained unchanged.
From the 30 share Sensex pack, 29 stocks rose while rest fell. Reliance Infrastructure, HDFC, Reliance Communications, Jaiprakash Associates rose by between 6.19% to 9.88%.
Rate sensitive real estate shares rose on hopes lower rates will spur housing demand. Indiabulls Real Estate, Housing Development & Infrastrucutre and Unitech rose by between 3.71% to 3.81%. While India's largest realty major by market capitalization DLF fell 2.16%.Most of the realty deals including sale of commercial property and housing sales is driven by finance.
Some FMCG stocks rose on expectations of better Q4 March 2009 results following reports of higher advance tax payment by these firms. Dabur India, Tata Tea, ITC, REI Agro, Marico rose by between 0.55% to 2.83%. India's largest FMCG firm by sales Hindustan Unilever rose 2.45%. The company's advance tax payment rose 30% to Rs 130 crore in Q4 March 2009 over Q4 March 2008.
India's largest engineering and construction firm by sales Larsen & Toubro (L&T) rose 3.35% on recent reports L&T and Grasim Industries are on the verge of settling their 7-year old legal dispute over Grasim`s 0.62% stake in L&T and the latter`s 11.49% stake in Ultratech, the Birla group cement firm. Grasim Industries and Ultratech Cement are Aditya Birla group companies. Other capital goods stocks, Bharat Heavy Electricals, ABB, Praj Industries, Crompton Greaves rose by between 0.64% to 6.54%.
India's largest drug maker by sales Ranbaxy Laboratories rose 10.8% after company said drug regulators in the UK and Australia had issued "good manufacturing practice" certificates for its Paonta Sahib facility in India. The stock was the top gainer form the Sensex pack. In February 2009, the US Food and Drug Administration halted reviews of drug applications from Paonta Sahib plant saying it had falsified data. Other healthcare stocks, Dr Reddy's Laboratories, Sun Pharmaceuticals Industries, Panacea Biotec, Cipla, Biocon, Pfizer, Lupin, rose by between 0.79% to 5%.
India's largest commercial vehicle maker by sales Tata Motors rose 3.2%. The company announced the launch of its much awaited Rs 1 lakh small car Nano in Mumbai after market hours today. Just ahead of the launch Chairman Ratan Tata said in Mumbai that Tata Motors will be allocating 1,00,000 cars through a system of lottery and this will be price protected. The actual deliveries of the cars would start from July 2009, he said. The company is also looking to develop an export model for the US market but that would not be until 2011, Tata said.
Meanwhile, Tata Motors Managing Director Ravi Kant said Tata Motors is seeing an upturn in automobile sales on month-on-month basis Other auto stocks Mahindra & Mahindra, Hero Honda Motors Maruti Suzuki India, rose by between 0.39% to 3.78%.
India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) rose 7.56% to Rs 1,439.80 on reports it may get to use the gas it produces. The firm is expected to use the natural gas as fuel for its captive power projects, apart from other industrial uses such as heating. Under the current gas utilisation policy, RIL can't use its own gas.
The company is expected to start production of gas from KG basin, off the east coast, shortly. Meanwhile, RIL is reported to be in talks with Essar Oil to source petroleum products from the latter's refinery in Gujarat to restart its retail outlets that were shut for nearly a year.
RIL's advance tax payment fell 16.47% to Rs 370 crore in Q4 March 2009 over Q4 March 2008.
Cairn India gained 6.1% after the crude oil prices rose towards $53 a barrel in Asian electronic trading on Monday, 23 March 2009. India'a largest oil exploration firm by sales ONGC rose 5.35%. Rise in crude oil prices would result in higher realizations from crude sales for the oil exploration firm.
Metal stocks jumped on a surge in metal prices on London Metal Exchange. Steel Authority of India, Hindustan Zinc, Sterlite Industries, Tata Steel, National Aluminum Company and Hindalco Industries, rose by between 2.35% to 10.39%.
Banking shares surged on hopes lower interest rates may boost lending growth. India's largest private sector bank by net profit ICICI Bank rose 7.36% even as its American depository receipts (ADR) fell 6% on Friday, 20 March 2009. ICICI Bank's advance tax payment remained unchanged at Rs 250 crore in Q4 March 2009 when compared to Q4 March 2008.
India's second largest private sector bank by operating income HDFC Bank rose 5.6% even as its ADR fell 4.88% on Friday. Its advance tax payment rose 10% to Rs 275 crore in Q4 March 2009 over Q4 March 2008.
India's largest bank in terms of assets and branch network State Bank of India rose 7.33%. Its advance tax payment jumped 27.64% to Rs 1810 crore in Q4 March 2009 over Q4 March 2008.
Outsourcing focussed IT stocks rose hopes of a revival in the US economy, the biggest market for IT firms. India's largest software services exporter by sales TCS rose 1.96% The company's advance tax payment fell 54.3% to Rs 53 crore in Q4 March 2009 over Q4 March 2008. The company during trading hours on Monday 16 March 2009 said its promoter Tata Sons has pledged more than 12.06 crore shares or 12.33% of the equity capital of the firm. India's fifth largest IT major by sales HCL Technologies fell 0.48%. India's third largest software services exporter, Wipro gained 3.28% even as its ADR fell 2.8% on Friday. Recently its unit Wipro Infotech won an outsourcing contract worth Rs 1,182 crore from the Employees State Insurance Corporation (ESIC).
India's second largest software services exporter Infosys Technologies rose 2.57% on reports it may win a large IT project from the government, which will run on a transaction-based pricing model, similar to the passport processing contract its larger rival Tata Consultancy Services (TCS) won last year. The contract is among the many large IT contracts that are up for bidding from government departments or public sector undertakings, reports suggest. Its ADR fell 3.21% on Friday.
The Indian rupee climbed on Monday as rising Asian stock markets revived hopes of capital inflows into the local share market. A stronger rupee affects operating margins of IT firms negatively as they earn most of their revenues from exports.
Reliance Infrastructure surged 9.88% on reports the company is open to bidding for the over Rs 12,000 crore Hyderabad Metro Rail project if Maytas Infra backs out.
Ballarpur Industries clocked the highest volume of 1.78 crore shares on BSE. Suzlon Energy (1.05 crore shares), Reliance Natural Resources (98.63 lakh shares), Satyam Computer Services (78.90 lakh shares) and GVK Power Infrastructure (78.40 lakh shares) were the other volume toppers in that order.
Akruti City clocked the highest turnover of Rs 561.60 crore on BSE. Reliance Industries (Rs 249.65 crore), Reliance Capital (Rs 178.08 crore), ICICI Bank (Rs 154.13 crore) and Educomp Solutions (Rs 133.12 crore) were the other turnover topper in that order.

Monday, March 16, 2009

WINNING STROKES: THINK DIFFERENT
[Let us vote for a Change!!]
Bank stocks continued their rally today also, surprising all those who till the other day were predicting mayhem in this sector. Now you will see, that the same fellows will shower petals on the banking counters---what an irony??!!
Today the Bear Party, which almost was an emblem of the Television Channels till some days back, got a severe jolt as the Nifty crossed some important levels today.
My last week's buy call on Nifty Futures was an epoch making as the bull marauded the hapless bears who running for cover throughout the day. Most of the analysts who were predicting a mayhem and destruction in the markets were left with "shock and awe" as my Bull Army, made enough money from Nifty Futures and made decisive gains in the bear territory.
I will soon release the quotes of the analysts (and the so-called soothsayers, fondly called Technical Analysts) given on various television channels last week---more than 95% of them are wrong this time; so that you can distinguish between the rice and the husk.
That is why I say, if you play in the market hearing all those analysts (especially the chartists) you are inviting trouble in future.
Anyway, Phoenix International Ltd hit 2nd consecutive buyer freeze after the news of its rent story was disclosed in this blog. The company generates good amount of revenues from the rent of its properties in the North India. The company is also in the process of developing a shoe park in Chennai.
English India Clays Ltd (SMS Sent during the market hours), hits the buyer freeze during the late trade. The company is coming up with rights issue at Rs.1000 per share. Moreover, there are also other good news on the company.
Vikash Metal and Power Ltd recommended to the Paid Groups and also in this blog last week, hit the third consecutive buyer freeze. This is going now a power story apart from the steel story. TV Today Network Ltd (BSE Code: 532515) recommended last month around Rs.67, to the Paid Groups and also to the free groups, hit 19.95% buyer freeze today, due to positive developments in the counter. Now what to do with this scrip at the current moment, due to this new development??!! This portion for the Paid Groups only.....
Premier Explosives Ltd recommended yesterday to the Paid Groups moved today by 5.79%. The company is doing wonderfully well with both its overseas subsidiaries going hung ho in terms of securing of orders. The company is expected to get benefits from the depreciation of the Indian Rupee. Since the cement stocks are doing well (as mentioned yesterday in the Sunday Report), hence this scrip should do well as its traditional customers are cement and coal companies.
Sunil High Tech Engineers Ltd recommended last week to the Paid and Free Groups around Rs.52.90 and Rs.51, moved up by crossed Rs.56, before cooling down a bit at the end of the trade. The stock is going to be a multi-bagger going from here. There is also a research report on the company at: www.sumanspeaksplus.blogspot.com.
Srinivasa Shipping and Property Development Ltd moved up by more than 10%. The stock was asked to be accumulated to the Paid Groups in the Sunday Report.
KEC International Ltd recommended at Rs.120--121, last week almost hit the buyer freeze before cooling down a bit. The stock was asked to be accumulated yesterday in the Paid Groups.
BGR Energy Systems Ltd which was asked to be accumulated yesterday to the Paid Groups also moved up today. This is another multi-bagger in the making.
Bata India Ltd which was recommended yesterday to the Paid Groups (Yesterday's Sunday Report and earlier at a much lower price of Rs.67), touched Rs.97 before cooling down a bit. The stock is going to cross Rs.100 in the next few days if the market condition remains buoyant.
Areva T & D Ltd, recommended yesterday to the Paid Groups touched Rs.78, before cooling down a bit. Those who have still not purchased the scrip should do it immediately as it is going to be a multi-bagger going from here. Its parent company is into Nuclear Power and hence it could benefit from the Indo--US Nuclear deal.
Besides this it is also into Power Equipment space and hence will benefit as the Government of India and various state Governments have announced proactive policies to augment the Power Generation capacities.. The National Electricity Policy (NEP) stipulates power for all by 2012 and annual per capita consumption of electricity to rise to 1000 units from the present level of 631 units. To fulfil the objectives of the NEP, a capacity addition of 78,577 MW has been proposed for the 11th plan.
This capacity addition is expected to provide a growth of 9.5 % to the power sector. The all India installed power generation capacity as on January 2008 was 141080 MW comprising of 90896 MW thermal, 35208 MW hydro, 4120 MW nuclear and 10856 MW Renewable Energy Sources. This is song to the stocks like KEC International Ltd, BGR Energy Ltd, Areva T & D Ltd, CESC Ltd, Tata Power Ltd, Reliance Energy Ltd (all recommended by me from time to time), etc.
Educomp Solutions Ltd recommended by me also moved up by more than 9% today. The report on the company is at: www.sumanspeaksplus.blogspot.com
However, there is another stock almost in this space which will be recommended to the Paid Groups tomorrow and which could also give good returns from the current market price.
What is the name of the scrip??? How will the markets behave tomorrow and where are we heading?? This portion only for the Paid Groups.
Areva T & D India Ltd
[Excerpts/Edited version, from the Sunday Report]
For Areva T & D Ltd, the December quarter was probably the weakest but even otherwise, 2008 wasn’t really a very good year for Areva T&D. However, the company, which makes products that are used to regulate and transmit electricity, bagged orders worth Rs.4, 000 Cr during the year, an increase of 37 per cent. This is massive considering the market cap of the company and total yearly income.
Thus that was quite creditable except for the fact that, in the last quarter, orders came off by 44 per cent. Things might start looking up for the Company, with transmission and distribution (T&D) players, such as Power Grid Corporation, expected to commission some projects this year.
Nevertheless, even if the downturn in the economy means fewer orders for Areva in the near term, over a longer period the firm should do well. After all, the company has been gaining share in the T&D equipment segment; a study by Citigroup puts the firm’s market share in 2008 at 22.4 per cent, way above the 15 per cent that it enjoyed in 2007. Competitor ABB, on the other hand, appears to have yielded some ground in the T&D space---its share was down from 20 per cent in 2007 to 19 per cent in 2008.
Though, the competition for the projects will be keen, but it is widely expected that, Areva’s revenues in 2009 may be higher by about 20 per cent, Y-o-Y. In 2008 revenues were up 31 per cent, Y-o-Y, to Rs.2,655 Cr.
Also, profits which grew just under 5 per cent in 2008 to Rs.226 Cr, might gain momentum, as there are now new lights of hope, that the Global Slowdown could end by 2009. However, one thin, to be kept in mind is that, Areva T & D Ltd, typically passes on the benefit of lower cost of raw material prices to its clients and therefore, it may not gain fully from the fall in input costs; unless this policy is changed a bit.
In the beginning of this month, AREVA T&D INDIA LTD signed a contract for hybrid gas-insulatedsubstation with Rajasthan Rajya Vidyut Prasaran Nigam for IndiraGandhi Nagar substation (Jagatpura) at Jaipur.
It is to be noted and appreciated that, in 2008, Areva T&D Ltd's margins were way better than ABB’s margin of 11.3 per cent. But, Areva’s net profit may be depressed by higher interest costs—the company is implementing three greenfield projects for which it has borrowed money.
A stock to watch for in the coming days and should be accumulated in bulk at the current market price of Rs.172.85 (Sunday Report's recommended price) for some massive targets within the next 2 years time frame.
WHAT WAS THE "PICK OF THE WEEK" WHICH IS GOING TO BE A MULTI-BAGGER GOING FORWARD, MENTIONED IN THE SUNDAY REPORT TO THE PAID GROUPS??!!

Friday, January 02, 2009

WINNING STROKES: THINK DIFFERENT:
Ram Informatics Ltd (BSE Code--->530951) hit the buyer freeze with good volumes. The stock was recommend on 31st December, 2008. This ulitmately became the New Year Gift to all. Good days are ahead for the company as it is into election software space. Moreover, since it has expertise in the e-governance space and hence it would do well going forward as the centre is expected to give new thrust to e-governance.

RAM INFORMATICS (RAMINFO) is a contemporary technologies software services and products company offering solutions for Government, Banking, Insurance and Retail Business---most important part is that it generates most of its revenues from the domestic market. certified company for its software development and education & training services. The company leads in providing e-Governance solutions to the Government sector, Enterprise Applications integration solutions besides Banking, Insurance and retail-business sectors. As an end-to-end software solution provider, the company identified the need to develop the right technical manpower to meet the ever-changing technology needs of the IT industry. Moreover, RAMInfo, the Education & Training Division of RAM Informatics Limited has a mission " to create future-proof IT professionals through quality training". The courses are designed, developed and delivered in compliance with ISO 9001 standards. Also the course contents are enriched on a continuous basis, at our R&D division incorporating real-time project exercises, problem-solving techniques and personal leadership modules.

This integrated training methodology helped thousands of students to get placed in Fortune 500 companies worldwide successfully. The training business is similar to Everonn Systems Ltd or Educomp Solutions Ltd or may be Aptech Ltd (Rakeskh Jhunjhunwala holds substantial stake in the company and hence buy on declines). The fact that it has Governments of Karnataka, Andhra Pradesh, Uttar Pradesh, etc. as its client, give a steadiness of earnings. One of its most prestigious clients is the mammoth, Andhra Pradesh State Road and Transport Corporation.

MAIA Intelligence, the leading provider of powerful Business Intelligence Reporting & Analytics Software, 1KEY, earlier announced entering into an agreement with RAM Informatics Ltd., a software solutions and product company and NIRU Infotech, a software solutions company for MAIA’s Global Partnership Program. Both RAM Informatics and NIRU Infotech have associated with MAIA to target their customers and mid-market companies aggressively for business intelligence software solutions’, namely consulting and implementation.NIRU InfoTech is an ISO certified Software Development firm, which specializes in providing custom software solutions’ for all businesses. To achieve a successful enterprise, MAIA Intelligence and its partners implement a set of partnership initiatives under MAIA’s Global Partnership program. Partners assign dedicated 1KEY business development managers, and MAIA trains the partner’s entire sales and delivery teams on MAIA’s products. MAIA partners actively market and promote MAIA’s suite of products, taking them to the market with relevant consulting and implementation services so as to provide complete solutions to its customers. MAIA partners also develop marketing and lead generation programs targeted at middle market companies. “MAIA is expected assign a dedicated partnership manager to facilitate engagements with MAIA’s sales, marketing and consulting service organizations, to enable the partnership to achieve the desired business objectives. Partnerships with companies like RAM Informatics and NIRU Infotech form a strategic aspect of MAIA's plan, which is to focus on the mid-markets through its channels program. Ram Informatics has proven capabilities which are critical in creating a large customer base.

Among the banking giants, Axis Bank Ltds (UTI Bank), State Bank of Hyderabad, Andhra Bank, etc, are its clients. It has a monopoly over the co-operative banks in India. Since the Banking sector is expected to do well going forward, hence this augurs well for the company.The stock is expected to give very good return over a period considering its huge order book positions and also due to its focus in the domestic market.
XL Telecom & Energy Ltd (This or latest Sunday Report recommended scrip to the Paid Clients) hit the buyer freeze with good volumes. There is a great story in the company, which will be uploaded in this blog within a very short time.

Birla Power Solutions Ltd (BSE Code->517001) is the Hidden Gem from the reputed Yashovardhan Birla Group (http://www.yashbirlagroup.com). India is all set to evolve as a world super power. Yet, India faces significant power shortages with power transmission and distribution losses as high as 40% compared to the international average of around 10%. Even though India has one of the lowest consumption levels, the huge demand supply gap is creating a deficit resulting in power cuts and black outs. This in turn hampers economic growth and adds to the discomfort of people.

Birla Power Solutions Ltd., (formerly known as Birla Yamaha), incorporated in 1984, caters to this growing captive power demand and is a market leader in the power back-up industry.

From pioneering the first portable generating set in India, to being the first to innovate emission free Ecogen brand of gensets, Birla Power Solutions offers a wide range of products. Silent Portable Gensets, Pump Sets, Multi- Purpose Engines, Inverters, Batteries, alternate fuel based gensets, etc. The company is also expanding capacities to produce Higher Capacity Gensets and has plans to expand into other power related products. With additional capacities, a state-of-the-art ISO 9001, ISO 14001 plant at Dehradhun, a robust dealer network, successful CRM initiatives and partnerships with global brands, Birla Power Solutions is fast evolving into a one-stop Power Solutions enterprise. AT Rs.11.44 IT IS TRADING A CONSIDERABLE DISCOUNT TO ITS IPO OR OFFER PRICE (Rs.42). EVEN THE BOOK VALUE OF THE SHARES OF THE COMPANY IS Rs.45.83. It currently has strong dealership network of over 800 dealers spread across the country. The company also has elite institutional clients spanning amongst the major educational institutes, telecom operators, oil majors, banks and government organizations. Its products are not only fully emission compliant and ISI marked but also enjoy a strong brand image. With increasing urbanization, industrial growth and per capita power consumption the demand for power will continue to outstrip the supply. In the export market growing acceptance of its products and expansion of product range would enable the company to boost its overseas revenues. Other factors like fiscal benefits available for the new plant, higher share of manufactured products, benefits arising from growing economies of scale would add to the margin and bottomline growth. Ealier, one of the top brass of Birla Power Solutions Ltd said that, "Birla Power Solutions has also entered into strategic tie-ups with Greaves, Briggs and Stratton for technical collaboration on gensets and a marketing collaboration with Hindustan Petroleum to market its LPG and CNG-based portable gensets". The fall in the price of key raw materials like Steel, Copper, and Zinc are likey to work wonders for the company. Moreover, the fall in the price of Crude Oil will automatically trigger in a price cut of the petroleum products---the demand for genset becomes high when there is fall in the price of petroleum products. A wonderful multi-bagger from the reputed Yash Birla Group. I have already sent a Research Report on the company in various Yahoo Groups.

KEC International Ltd hit the buyer freeze, while Dolat Investments Ltd (BSE Code-->505526) moved up by more than 5.5%.
Dolat Investments Ltd. last year came out with a Bonus Issue. Dolat Investment is one of the most prestigious companies that is concerned with trading and investment. Incepted in the year of 1987, the company makes money from dividend, investments in mutual funds, sale of shares and securities and trading in commodities. The company has its registered office at Mumbai. Dolat Investment is one of the leading companies in the Indian derivatives market. The company focuses on extensive research and modern technology, which contributes to the growth of the company. Automated Trading Systems are incorporated in the company for the development of the country. Dolat Investment maintains an efficient execution of the tasks and strong client relationships. This financial advisory house has been serving the nation for about 4 decades. It lends liquidity to the finance market of India. Business of Dolat Investment focuses on various activities. Proprietary arbitrage and institutional business are the major business focus of the Dolat Investment. The aligned business includes agricultural commodities and forex. Dolat Investment Limited has evolved as a major investment company in the recent times. In September, 2008 quarter, the company came out with fantastic set of numbers.

Phoenix Interational Ltd almost hit the buyer freeze. The stock would benefit from the gas production of Focus Energy Ltd, which took loan from the bank pledging the shares of Phoenix International Ltd. The gas production of Focus Energy Ltd is expected to start from this year onwards.

My Recommended Srnivasa Shipping and Property Development Ltd moved up by more than 10%, while Vijay Shanti Builders and Lok Housing Ltd hit the buyer freeeze. Also, my other recommendations, Chowgule Steamships Ltd, Ennore Coke Ltd, Kohinoor Broadcasting Corporation Ltd and Sunflag Iron and Steels Ltd also did well, yesterday.

Keep accumulating Reliance Industrial Infrastructure Ltd at the CMP of Rs.380 and on all declines. This is going to give superb returns going foward.

My recommended Prime Securities Ltd and Indiabulls Securities Ltd hit the buyer freeze. Also Selan Exploration Ltd recommended in the morning mail hit the buyer freeze.
My recommended Indowind Energy Ltd and Suzlon Energy also did well in the Non-conventional space.

Unitech Ltd, a stock which most of those fools who come on Television Channels had written off at Rs.25.5 moved to Rs.44. If you remember I had strongly recommended the counters around Rs.25.5. Those who have believed me made wonderful retuns.

Associated Alcohol and Breweries Ltd which was recommended to the Paid Groups a couple of weeeks back hit the buyer freeze, while another of my choicest picks, Premier Explosives Ltd moved up by more than 14%---there are lot of developments going in this company.

U B Engineering Ltd recommended earlier almost hit the buyer freeze. The stock is being recommended by a number of analysts from Bombay and Kolkata.

The Discounts to the Paid Groups has been extended till 31st January, 2008, as mentioned in this blog a couple of days back. Those who want to enroll should rush in a mail to me with their details. No requests for discounts will be entertained / allowed after 31st January, 2008.

Buying in bluechip shares in the interest rate sensitive banking, auto and realty sectors propelled the key benchmark indices higher on the first day of the new calendar year 2009. The BSE 30-share Sensex advanced 256.15 points, or 2.66%. The S&P CNX Nifty settled above the psychological 3,000 mark. The market breadth was strong on buying momentum for small and mid-cap stocks. All the BSE sectoral indices logged gains. However turnover was low.

Hopes of further fall in interest rates, a likely fuel price cut, an expected second economic stimulus package from the government and firm US markets overnight boosted the domestic bourses. The market remained in green throughout the trading session.
Stocks shrugged off weak economic data. Exports dipped 9.9% in November 2008 to $11.5 billion, a second consecutive monthly drop as the global slowdown slashes demand, data released by the government during trading hours today, 1 January 2009, showed.

The trade deficit narrowed to $10.07 billion in November 2008 compared with $10.54 billion in October 2008. Imports were up an annual 6.1% at $21.57 billion in November 2008, while oil imports rose 11.9% during November 2008 from a year earlier to $7.25 billion, government data showed.

On the bourses, a rally in mid-morning trade was followed by a small correction in early afternoon trade. The market recovered from lower level in afternoon trade. It later cut gains. A recovery in index heavyweight RIL from lower level and rebound in IT pivotals from intra-day lows propelled key benchmark indices to day's high in mid- afternoon trade. Across the board buying demand propelled market further higher in late trade.

A further fall in inflation will provide room for the Reserve Bank of India to further cut interest rates. Inflation, measured by wholesale price index, fell to around 10-month low to 6.38% in the week ended 20 December 2008 from 6.61% in the previous week, data released by the government today, 1 January 2009 showed.

Expectations of cut in interest rates by the central bank have strengthened after the central bank governor D. Subbarao met Prime Minister Manmohan Singh on Monday, 29 December 2008. Budget constraints are forcing India to rely more on interest-rate cuts to buoy the economy. However, hopes for hefty rate cuts suffered a blow after a television channel on Wednesday, 31 December 2008, quoted finance ministry officials as saying rate reductions may not be steep.

The market, meanwhile, is also awaiting a second government stimulus package for the economy. Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday, 29 December 2008, said the government will come out with a second stimulus package for this fiscal and another package for fiscal year 2009-10 in the next few days to spur economic growth.

With industrial production contracting by 0.4% in October 2008, for the first time in 15 years, and the exports declining by over 12% during the month, the government came out with a stimulus package on 7 December 2008 to spur growth and help the industry combat the impact of global financial meltdown. As part of the stimulus package, the government cut excise duty by 4% across the board, except on petroleum products, and announced raising of the public expenditure by Rs 20,000 crore to boost demand.

As per recent reports, the government is likely to revise prices of petroleum products in a couple of weeks. Media reports quoted Petroleum Minister, Murali Deora, on Tuesday, 30 December 2008, as saying that the government is weighing all options to cut prices in line with the international prices.

All the key Asian & European markets were closed today for the new year day holiday. US stocks advanced on Wednesday, 31 December 2008 as the US Federal Reserve provided clarity on its plan to reduce mortgage costs and set a goal to buy $500 billion in mortgage-backed securities by mid-2009. The Dow Jones industrial average gained 108 points, or 1.25%, to 8,776.39. The Nasdaq Composite index increased 26.33 points, or 1.70%, to 1,577.03. The Standard & Poor`s 500 index climbed 12.61 points, or 1.42%, to 903.25.

The BSE 30-share Sensex advanced 256.15 points, or 2.66%, to 9,903.46. The Sensex opened 71.90 points higher at 9,719.21. At the day's high of 9,921.70, the Sensex surged 274.39 points in late trade. The Sensex gained 64.33 points at the day's low of 9,711.64 in early trade.

The S&P CNX Nifty gained 74.30 points, or 2.51%, to 3,033.45. The last time the Nifty had closed above the 3,000 mark was on 22 December 2008. Nifty January 2009 futures were at 3040.50, at a premium of 7.05 points as compared to the spot closing.

The BSE Sensex has risen 574.74 points or 6.15% from its recent low of 9328.92 on 26 December 2008. The barometer index lost 10639.68 points or 52.44% in the calendar year 2008, on global financial crisis. Nifty lost 3179.45 points or 51.79% in 2008.

The BSE Sensex had seen a sustained bull run during five years from 2002 to 2007, gaining 47.10% in 2007, 46.7% in 2006, 42.3% in 2005, 13.1% in 2004, 73% in 2003 and 3.52% in 2002.

The market breadth, indicating the overall health of the market, was strong on BSE with 2000 shares advancing as compared with 513 that declined. 62 shares remained unchanged.

The BSE Mid-cap index gained 2.60% to 3,319.10, underperforming the Sensex. The BSE Small-Cap index rose 3.46% to 3,810.41, outperforming the Sensex.

However, turnover was lower today. The total turnover on the BSE amounted to Rs 3076 crore, much lower than Rs 3746 crore yesterday, 31 December 2008. Turnover in NSE's futures & options (F&O) segment was Rs 22,397.66 crore, lower than Rs 30,033.26 crore on Wednesday, 31 December 2008.

All the BSE sectoral indices logged gains. The BSE Auto index (up 3.12%), the BSE Realty index (up 0.41%), the BSE Capital Goods index (up 4.73%), the BSE Teck index (up 3.17%), the BSE IT index (up 3.83%), the BSE Power index (up 2.94%), the BSE PSU index (up 3.23%), the BSE Metal index (up 6.02%), outperformed the Sensex.

The Bankex (up 2.39%), the BSE FMCG index (up 0.23%),the BSE Consumer Durables index (up 2.23%), the BSE HealthCare index (up 0.82%), and BSE Oil & Gas index (up 1.82%), underperformed the Sensex.

Ranbaxy was the lone loser from the 30-member Sensex pack. India's largest pharma company by sales lost 1.13% to Rs 249.55 on profit booking after a 16.69% surge in one week to 31 December 2008.

Auto shares rose on recent reports the government is likely to remove an additional excise duty of Rs 10,000-20,000 on large cars and sports-utility vehicles as part of the package for the automobile industry which is facing downturn in sales for want of cheap retail credit. India's largest truck maker by sales Tata Motors galloped 10.78% to Rs 176.20 and was the top gainer from the Sensex pack.

India's top small car maker by sales, Maruti Suzuki India rose 6.53% to Rs 554.05, recovering from an intra-day low of Rs 515.10, even its sales declined 10% to 56293 units in December 2008 from December 2007. The company announced the monthly sales data during trading hours today.

Bajaj Auto (up 4.81% Rs 410), and Mahindra & Mahindra (up 3.33% to Rs 284), were the other gainers from the auto pack.

India's second largest cellular services provider by sales Reliance Communications (RCom) jumped 8.10% to Rs 245.65. During trading hours on Tuesday, 30 December 2008, RCom announced a nationwide rollout of GSM-based cellular services. GSM services would be available in 24,000 towns within a few months, RCom said positioning it to better take on Bharti Airtel. India's largest cellular services provider by sales Bharti Airtel rose 0.27% to Rs 717, off day's low of Rs 709.

India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) advanced 1.76% to Rs 1251.95, off the day's low of Rs 1235. A 14% jump in crude oil prices on Wednesday, 31 December 2008, has eased worries about pressure on RIL's refining margins. Crude oil prices have declined sharply over the past few months.

Oil exploration stocks surged after light, sweet crude for February 2009 delivery jumped $5.57 or 14% to $44.60 a barrel on the New York Mercantile Exchange on Wednesday, 31 December 2008. India's biggest state-run oil exploration firm by market capitalisation, Oil & natural Gas Corporation rose 2.60% to Rs 685 and Cairn India gained 0.12% to Rs 172.22.

State run oil marketing firms were mostly in the red as the sharp surge in oil prices raised concerns of a higher subsidy burden. HPCL (down 2.82%), and BPCL (down 3.92%) slipped. However IOC gained 0.88% to Rs 430, off day's low of Rs 418. The state-run oil firms are making profit on sale of petrol and diesel thanks to a sharp fall in global crude oil prices over the past few months. But they continue to make losses on sale of LPG and kerosene at a controlled price.

Banking shares advanced on speculation falling bond yields and lower rates would accelerate loan growth and profitability. India's largest private sector bank by net profit ICICI Bank gained 3.71% to Rs 465 after it cut its main lending rates by 50 basis points from Wednesday, 31 December 2008.

India's second largest private sector bank by net profit HDFC Bank rose 1.25% to Rs 1010.05. India's biggest bank in terms of total assets and branch network, State Bank of India, vaulted 1.84% to Rs 1312.

Realty shares rose on hopes of further sops in the second government stimulus package to boost the ailing sector. DLF (up 3.76% to Rs 292.50), Housing Development & Infrastructure (up 8.66% to Rs 141.20), and Indiabulls Real Estate (up 21.46% to Rs 159.30), edged higher.

IT pivotals gained on hopes the recent government stimulus packages may help revive the US economy. India's second largest IT exporter by sales Infosys rose 2.88% to Rs 1150, off day's low of Rs 1111.05. India's third largest IT exporter by sales Wipro rose 3.40% to Rs 241.45, after touching an intra-day low of Rs 233.35. IT firms derive over 50% of their revenues from the US.

India's largest IT exporter by sales Tata Consultancy Services rose 3.80% to Rs 496.25 on reports the company is likely to win two large BPO contracts estimated at $512 million following its acquisition of Citigroup Global Services in late 2008.

India's fourth largest IT exporter by sales Satyam Computer Services advanced 8.05% to Rs 183.85 on reports some of the big names in corporate India including the Anil Dhirubhai Ambani Group (ADAG), Mahindra British Telecom, L&T Infotech, are in in talks with some leading private equity funds - Texas Pacific, General Atlantic Partners and Carlyle to team up to acquire a strategic stake in Satyam.

ABM Knowledgeware was locked at 20% upper limit at Rs 16.52 after the company secured a contract worth Rs 116 crore. The company announced the contract win after trading hours on Wednesday, 31 December 2008.

The rupee was slightly weaker 48.73/74 per dollar from previous close of 48.70/72 on Wednesday, 31 December 2008 as stock markets rose. A weak rupee boost operating margins of IT firms as IT firms derive a lion's share of revenue from exports.

India's largest engineering and construction company by sales Larsen & Toubro extended early gains and closed 6.43% higher at Rs 824.20 on hopes lower interest rates would keep order flows strong and aid project funding. L&T, today, 1 January 2009, named Ravi Uppal, former head of global markets and member of the group executive committee of the ABB Group, as the managing director and chief executive officer its unit L&T Power.

India's largest power equipment maker by sales Bharat Heavy Electricals (Bhel) advanced 2.76% to Rs 1400 on a recent large order win. The company said on Friday, 26 December 2008, it had secured a Rs 5,040-crore contract from Jindal Power for setting up 2,400 megawatt power plant in Chhatisgarh.

India's largest power generation firm by sales, NTPC was up 0.55% to Rs 182 after the company said its second 500 megawatt super thermal power project at Sipat, Chhattisgarh, commenced commercial operation from today, 1 January 2009.

Metal shares advanced on firm prices on the London Metal Exchange. India's largest copper producer by sales Sterlite Industries jumped 5.77% to Rs 275.55. Its American depository receipt (ADR) gained 3.76% on Wednesday.

Tata Steel (up 5.65% to Rs 229.10), Steel Authority of India (up 7.55% to Rs 83.30), and Hindalco Industries (up 4.65% to Rs 54.05), edged higher.

Infrastructure shares rose on reports enhanced infrastructure spending is likely to be a priority of the forthcoming second government stimulus package for the economy. GVK Power & Infrastructure (up 6.29%), Punj Lloyd (up 4.96%), Reliance Infrastructure (up 6.76%), Jaiprakash Associates (up 5.78%), galloped.

Sugar firms rose on buzz a shortfall in production will drive prices higher. Bajaj Hindusthan (up 2.49% to Rs 74.55), Balrampur Chini Mills (up 4.42% to Rs 52), and Shree Renuka Sugars (up 1.56% to Rs 74.65), advanced.

Satyam Computer Services was the top traded counter on BSE with turnover of Rs 231.57 crore followed by Reliance Industries (Rs 148.82 crore), Reliance Communications (Rs 136.18 crore), Reliance Petroleum (Rs 113.18 crore) and Reliance Natural Resources (Rs 108.61 crore).

Unitech led the volume chart on BSE clocking volume of 1.98 crore shares followed by Reliance Natural Resources (1.84 crore), Suzlon Energy (1.49 crore), Satyam Computer Services (1.30 crore) and Reliance Petroleum (1.25 crore).

Among the small and mid-cap stocks, Noida Toll Bridge (up 23%), Austin Engineering (up 20%), Cords Cable (up 20%), ISMT (up 20%), Nocil (up 20%), Shashun Chemicals (up 20%), HFCL (up 20%), Alps Industries (up 20%), Bag Films (up 19.95%), HOCL (up 19.94%), DCW (up 19.94%), Deep Industries (up 19.93%), surged.

Elecon Engineering Company was locked at 5% upper limit at Rs 39.95 on bagging an order worth Rs 22 crore. The company announced the new order win after trading hours on Wednesday, 31 December 2008.

PTC India rose 0.29% to Rs 69 on reports the company is looking to buy coal mines abroad. PTC India will reportedly set up a 50:50 joint venture with Singapore-based firm Asian Infratech for identifying and acquiring companies overseas.

The Centre's fiscal deficit till November 2008 has surpassed the budget estimates for the entire 2008-09 by 32% and may deteriorate further with the government increasing public expenditure and reducing taxes to battle slowdown. Fiscal deficit stood at Rs 1,76,510 crore at the end of November 2008, against the Rs 1,33,287 crore target for the current fiscal as revenues dwindled and expenditure, particularly non-plan, soared, the figures released by the Controller General of Accounts (CGA) on Wednesday, 31 December 2008 stated.