SumanSpeaks: The Information Super Highway

Chart--View [Updated] The Bullishness to continue in the Indian Bourses........ Reliance Industrial Infrastructure Ltd (RIIL) on a roll, as the stock crosses Rs.850, in style.... According to Mr.Sudip Bandopadhyay, the Reliance Capital Ltd is going for massive restructuring exercise. It is to be noted that Reliance Capital Ltd is holding Positions in Reliance Industrial Infrastructure Ltd (RIIL). Mr.Bandopadhyay is connected with Reliance Money and his interview appeared in a private News Channel today. Gateway Distripark Ltd (GDL) is also up today, a Bombay based weekly recommended the scrip to its readers. The markets had a mildly positive opening on Friday in line with its international peers. A choppy and range bound morning session was followed by a strong rally in the second half ending the day at virtually the highest point. A move above 3450 bought some momentum back into the index. The price patterns now indicate levels higher than the recent highs. In case of Nifty, 3580-3630...

Citi's Vikram Pandit among 'worst CEOs ' The malicious and biased Indian Media gave lot of Publicity to this Gentleman, like it did in case of Barrack Hussein Obama (Who is fondly called Osama Bin Obama these days, after he decided to sign peace deal with the Barbarians called the Talibans ) before the US elections New York: While software czar Bill Gates, legendary investor Warren Buffett , and Apple's Steve Jobs have been named among America's all-time best CEOs , Citigroup's India-born chief Vikram Pandit has found a place among the 20 worst-ever CEOs in the country's history. Both lists have been complied by US publication Conde Nast Portfolio after consulting a panel of business school professors and identifies the business "leaders who helped drive their companies into the ground". The magazine branded Pandit as a commander ill-equipped to save the Titanic of the banking world, ranking him 20 th on the list of worst ever CEOs . T...

As Nation's Mood Lifts, Can Obama Capitalize? By Dan Balz, Sunday, April 26, 2009 The most striking finding from the poll released today is the change in the public mood. Since Barack Obama was elected president in November, the pervasive gloom of 2008 has given way to a sense of hopefulness and considerably more optimism about the state of the country. How much of this change is directly attributable to Obama's leadership rather than the nascent signs of improvement will become fodder for the cable shows as the president's 100th day arrives this week. What's important is that he now enjoys the power of public confidence. He will need all the backing he can muster as he moves into what is likely to be an even more difficult phase of his presidency. Half the country now thinks things are moving in the right direction. That compares with 8 percent in October, during the election's final weeks. The shift in public sentiment sets Obama apart from many of his predecesso...

WINNING STROKES: THINK DIFFERENT: Reliance Industrial Infrastrucutre Ltd shoots up as was expected after the results of Reliance Industries Ltd. The well being of Reliance Industries Ltd has direct bearing on the fundamentals of RIIL as the latter gets most of its orders from the former. The way RIL is expending it augurs well for the Reliance Industrial Infrastructure Ltd. Lok Housing and constructions Ltd hit the buyer freeze. The stock was recommended around Rs.13-Rs.13.5 last month. Gateway Distriparks Ltd (BSE Code:532622) is looking good on the charts as the stock is on the highly oversold territory. Gateway Distriparks Ltd. is a world-class state-of-the-art logistics facilitator in one of the world’s fastest growing markets-India. Armed with modern Container Freight Station’s (CFS’s) at Dronagiri (about 9 kms from the Jawaharlal Nehru Port), Navi Mumbai and New Manali, Chennai besides an Inland Container Depot (ICD) at Garhi Harsaru(near Delhi), Haryana and a newly commissioned...

Reliance Industries Ltd's Q4 net down, but better than forecast This is expected to have a positive effect on Reliance Industrial Infrastructure Ltd (RIIL), where Reliance Industries Ltd holds 45.43% shares of former. Mumbai: India’s biggest energy group, Reliance Industries Ltd, reported quarterly net profit fell 1% as global economic crisis hurt demand, but still fared better than market expectations. Reliance, valued at $54 billion, should show significant growth in coming quarters from sales of gas it started pumping this month from its deep-sea field off India’s east coast. By year-end, output from the field in the Bay of Bengal is expected to reach a peak production of 80 mmscmd (million standard cubic metres of gas a day) -- a level the upstream regulator has said can be sustained for six years. “This was a transformational year for Reliance,” chairman and managing director Mukesh Ambani said in a statement on Thursday, pointing to the commissioning of the Reliance Petroleum...

Chinese Steelmakers may boost coking coal imports Thursday, 23 Apr 2009 China, the world's largest steelmaking nation, may boost coking coal imports after international prices dropped. Mr Xu Zhongbo chief executive officer of Beijing Metal Consulting Ltd said domestic coal costs about CNY 1,000 per tonne. Imports of the steelmaking ingredient cost about USD 120 a ton plus USD 10 for freight. Mr Xu said, without giving a specific forecast that Baosteel Group Corp the nation's largest steelmaker, and rivals may have big increases in imports of coking coal. Shanxi province, the biggest coal producing region in the country has resisted cutting prices on expectation that domestic steel demand will improve. Chinese Steel Prices Creeps Gradually: Chinese Steel Prices improved slightly. The Chinese Long Product Price Index CLPPI improved by 13 points, whereas the Chinese Flat Products Index CFPPI increased by 27 points. The overall price index CHISPI crept by 21 points. (Sourced from...

Ennore Coke to begin land acquisition for Dhamara plant soon Bhubaneshwar, April 23, 2009 Chinese coke exports price reported at USD 400 FOB: The CCCMC released on April 21st 2009, the average reference prices for 12.5% ash content coke export transactions concluded in the previous week as USD 400 to USD 430 per tonne on FOB Chinese port Ennore Coke Limited, a domestic manufacturer of metallurgical coke, plans to scout for land for its proposed one million tonne per annum (mtpa ) coke plant at Dhamara port in Orissa within three to four months. The company needed 250-300 acres of land at Dhamara to set up a one mtpa coke plant at an investment of about Rs 1,400 crore. The plant was scheduled to be operational by the end of 2010. “We would start scouting for land for our proposed coke plant at Dhamara port within three to four months. The company intends to acquire land for the project on its own”, said Ganesan Natarajan, president and chief executive officer, Ennore Coke Limited. On ac...

Ennore Coke plans Rs.1,000-cr project M. Ramesh [This is a slightly older news but what is the latest on the company??! Ennore Coke Ltd, whose 130,000-tonne coke plant at Haldia began operations just a few months ago, is preparing a plan to put up a 1 million-tonne plant that may require over Rs.1,000-crore of investments. Ennore Coke, listed on the BSE, is an associate company of Shriram EPC Ltd, part of the Chennai-based Shriram group, which has a 32 per cent stake in the company. It produces coke, used in the conversion of ores into metals, from coking coal that comes from mines. Coke is a key raw material in steel production. May go for joint venture: Mr T. Shivaraman, Managing Director, Shriram EPC, told Business Line that to put up the project, it is imperative to either have possession of coking coal mines or have a company that has the mines as a partner. Depending upon how things pan out, the new project may be put up either by Ennore Coke itself or through a joint venture, he...

Some important News: 1. Investors should accumulate Ennore Coke Ltd on all declines. There are some more positive news coming in the counter. The company as mentioned earlier has already started production in its Haldia plant (near Kolkata, West Bengal). 2. Investors should accumulate Prajay Engineers Syndicate Ltd at the CMP of Rs.18.5 for some massive targets going ahead. The stock is dirt cheap considering the all time high of the scrip of Rs.480. Once the scrip starts to rise it is difficult to enter the scrip and hence enter when it is available for trading in the bourses. 3. There are also some news coming in case of Pyramid Saimira Theatres Ltd. The company is doing massive restructuring of its business and the some positive effects are already seen. 4. Pratibha Industries Ltd should be accumulated on all declines. The company is into construction business, wihch is unique in nature and has good order book position..... 5. Expo Gas container should be held till it is in the circ...

Indowind Energy Ltd BSE Code:532894 [ http://www.onlineequitycalls.com/2009/04/indowind-energy-ltd/ ] Indowind Energy Ltd came out with superb results for the Q4FY09. The net sales of the company for the March, 2008 quarter came out to be Rs.31.91 Cr as against Rs.3.44 Cr in the same period previous year. THE PROFIT BEFORE DEPRECIATION AND TAX CAME OUT TO BE WHOPPING Rs.2.14 Cr against around Rs.99.9 lakhs in the same period previous year. The profit after tax (PAT) of the company for Q4FY09, came out to be Rs.92.1 lakhs against Rs.50.6 lakhs in the same period previous year. This jump in net profit is inspite of higher tax, higher depreciation and higher interest outgo. The company recently commenced operation from a new project. The company is expected to get Carbon Credit and this will further boost the top and bottom lines of the company. Indowind Energy Ltd has recently informed that the Company have commissioned its II phase of 9 MW Wind Energy Project on March 28, 2009 at Chitra...

WINNING STROKES: THINK DIFFERENT: Ganesh Housing Corporation Ltd call as SMS during the market hours hit the buyer freeze at Rs.64.05. The stock is heading upwards. Ennore Coke Ltd declared the starting of commercial production in its Haldia plant today, through an annoucement in the BSE ( http://www.bseindia.com/qresann/news.asp?newsid={6133FF8A-56E4-483B-AF37-3447DC4536C8}&param1=1 ). The news was disclosed in this blog long back, if you remember correctly. The stock has given tremendous appreciation in the last few weeks and most of the Piad and Free Members have been benefitted.There also some good news coming in the company in the days to come. Prajay Engineers Syndicate Ltd hit the buyer freeze before cooling down a bit. The company is expected to give out good results in Q4FY09 . Reliance Industrial Infrastrucutre Ltd should be accumulated around Rs.640--Rs.645, for a target of Rs.1000 in the next few months time frame. Today the stock tanked unnecessarily on the news of it...

Chart Check: [Excerpts of my morning mail to the Paid Groups] Yesterday a gap down opening in line with the global markets was witnessed which was followed by profit booking in the second half after a rally above 3400, with Nifty ending marginally in red above 3350. It has been clealy noted that the market has been able to hold its head above 3300 for the past few sessions. This level now becomes an important support for the index for the very short term. The bias for the market is positive until the Nifty trades below the 3300 level. The price movement around this level will help decide the next directional move. Moreover, on Tuesday the market neither sustained at lower levels nor survived at higher levels. If we look at the pattern of last five days then one can clearly make out that the market is in readjustment mode and may be after spending some more time in the current levels, the market may bounce back reach the next upward target of 3650/3700 (11900/12000). For the day agai...

Oracle to buy Sun for $9.50 a share NEW YORK -- Business software maker Oracle Corp. said Monday it has entered into a definitive agreement to buy server builder Sun Microsystems in a deal worth $7.4 billion. Oracle said it will buy Sun common stock for $9.50 per share in cash, a 42% premium from Friday's closing price of $6.69. After accounting for Sun's cash and debt, the deal's value is $5.6 billion, the companies said. The announcement comes after Sun reportedly rejected a $7 billion buyout offer from IBM (IBM, Fortune 500) earlier this month. The Redwood Shores, Calif.-based Oracle said it expects Sun to contribute over $1.5 billion to its operating profit this year, and over $2 billion in the second year. On a per share basis, Oracle expects Sun to add 15 cents to its adjusted earnings in the first full year after closing. The deal is expected to close this summer. Shares of Oracle (ORCL, Fortune 500) fell nearly 5.5% to $18, while Sun (JAVA, Fortune 500) soared near...

UP Schools Converting to M adrassas : Centre seeks report THE PROCESS OF ISLAMISATION OF INDIA HAS STARTED AND WITH THE BLESSINGS OF MADAM SONIA GANDHI THE PROCESS WILL TAKE LESS TIME. NOW SEX GURUS LIKE MAHESH BHATT HAS JOINED THE HANDS OF CONGRESS TO CONSOLIDATE MUSLIM VOTES. BUT THE QUESTION IS: WHETHER TYPE OF PERVERTED SEX OR SEXUAL ACTS WHICH MAHESH BHATT SHOWS IN HIS FILMS IS ACCEPTED IN ISLAM OR NOT........ Mr. Arun Jaitley slamed a section of the media yesterday saying " Kambhakt Media", for presenting twisted information most of the time. My appreciation for Mr. Jaitley and all such politicians who are telling nothing but truth. But I want more such slamming of the sections of Notorious India Media, by politicians of all hues. Media is performing its worst duty during the time of election, especially the CNN IBN , NDTV , India News, New 24, etc. variety---all concocted stories are presented to make them look spicy to grab the eye balls. New Delhi, Apr...

WINNING STROKES: THINK DIFFERENT: Ennore Coke Ltd hits the buyer freeze due to positive news in the counter. Among the three Metullurgical Coal counters, Ennore Coke Ltd is best according to my assesment. More news coming on the counter. My Recommended Indowind Energy Ltd moved to Rs.27.5 before cooling down a bit. I think instead of investing in Suzlon Ltd one should invest in this company for medium term perspective. ICSA Ltd recommended around Rs.50 and then at Rs.89, reached its first target of Rs.120. The company is into power sector, indirectly. The Quickie Call (Very Short Term Calls to the Paid Groups) Bhagwati Banquets & Hotels Ltd for this week hit the 20% buyer Freeze with huge volumes. Why?? The Report on the Company will be placed in this blog only tomorrow...... Goldstone Technologies Ltd asked to accumulate in the latest Sunday Report to the Paid Groups hits the buyer freeze with good volume. Why?? This portion only for the Paid Groups. What is the name of the ano...