dkishore
26-11-2007, 05:51 AM
Market Guidance
* We have discussed the fundamentals of ECE Industries (Rs.743) a few weeks back. It holds 33,749 shares of Manjushree Plantations, 8 lakh shares of Mangalam Cement, 2.25 lakh shares of Kesoram Industries. Investors can keep on adding this stock on reactions at Rs.725 level for good long-term growth.
* PNB Gilts (Rs.34.65) was recommended as one of the safest investment bets a few weeks back at Rs.22/23 level. It has given good return. Book partial profits at around Rs.38/40 level.
* Investors can add Advanced Micronic Devices (Rs.80) as it is likely to be merged with Opto Circuits at an attractive ratio which may result in the stock appreciating by 100%.
* Atlas Copco (Rs.1396.95) has shot up from its recent low of Rs.840 to Rs.1480. Investors are advised to stay invested as it is ramping up its manufacturing of CNG (compressed natural gas) which started this year. The cost of a kg of CNG is about half of a litre of petrol and 6 major cities are already focused on expanding CNG usage as the only energy source for public transport while another 29 would do the same by 2009. Its construction & mining equipment demand is driven by significant private investments in coal mining and infrastructure construction, while its industrial tool division is boosted by 30-40% annual growth in vehicle production and transition from two to four-wheelers.
Seeing to the expected strong growth, the company is looking for more acquisitions in India. There are indications that it may report record sales in the 4th qtr with expansion in margins. Investors can stay invested with one year price target of Rs.2500.
* Those who booked partial profits around Rs.11,000 plus level can think of buying back Walchandnagar Industries (Rs.8074.55).
* Those who booked partial profits around Rs.1300 plus levels can re-enter Indian Hume Pipe (Rs.1039.85).
* Jaihind Project (Rs.154.45) is being added by informed investors. Stay invested for good long-term growth or even add on reactions.
* W S Industries (Rs.87) has orders in hand of Rs.200 cr. It is setting up an export unit for capacity of 800 tonnes which will start from June 2008. Its 59% subsidiary (WS Electric) along with the Chatterjee group of Kolkata is developing a 16-lakh sq. ft. IT park at a cost of Rs.250 cr. in Chennai, the first phase of which is nearing completion and revenues will start from FY09. Investors can buy this stock on reaction for good long-term growth.
* Valuations of Ion Exchange are attractive around Rs.197 level. Investors can add.
* Encouraging reports are pouring in about the outlook of Hindustan Dorr Oliver (Rs.166.05). Strong investors are said to be buying the stock.
* The market is very likely to bounce back on short covering when investors should book partial profits and remain in cash. Do not make bigger commitments at higher levels in stocks which have already flared up because of feeling left behind and desire for more profits.
* Surana Telecom (Rs.34.40) is likely to report better results and the stock shows firmness. Closing above Rs.37 should give a good breakout. Stay invested or add on reactions.
* Dish TV (Rs.78.90) is being accumulated by informed sources. Stay invested.
* Better trend of Q2 results is likely to be sustained in future also by Yuken (Rs.318.95). Compared to Dynamatic Technologies, this stock looks much cheaper. Investors are likely to get good benefit over the long run.
* Pratibha Industries (Rs.307.65), Ramsarup Industries (Rs.221.35) and Madhucon Projects (Rs.360) are attracting mutual fund buying.
* Jenson & Nicholson (Rs.7.40) restructuring is said to be taking place and it may become a turnaround story.
* Khoday India (Rs.271.10) after a black deal at Rs.240 level may now see higher levels.
* Asian Oilfield Services (Rs.205.15), Deep Industries (Rs.178.55) and Shiv-Vani Oil (Rs.441.10) are attracting strong speculative cum investment buying. Stay invested.
* We have discussed the fundamentals of ECE Industries (Rs.743) a few weeks back. It holds 33,749 shares of Manjushree Plantations, 8 lakh shares of Mangalam Cement, 2.25 lakh shares of Kesoram Industries. Investors can keep on adding this stock on reactions at Rs.725 level for good long-term growth.
* PNB Gilts (Rs.34.65) was recommended as one of the safest investment bets a few weeks back at Rs.22/23 level. It has given good return. Book partial profits at around Rs.38/40 level.
* Investors can add Advanced Micronic Devices (Rs.80) as it is likely to be merged with Opto Circuits at an attractive ratio which may result in the stock appreciating by 100%.
* Atlas Copco (Rs.1396.95) has shot up from its recent low of Rs.840 to Rs.1480. Investors are advised to stay invested as it is ramping up its manufacturing of CNG (compressed natural gas) which started this year. The cost of a kg of CNG is about half of a litre of petrol and 6 major cities are already focused on expanding CNG usage as the only energy source for public transport while another 29 would do the same by 2009. Its construction & mining equipment demand is driven by significant private investments in coal mining and infrastructure construction, while its industrial tool division is boosted by 30-40% annual growth in vehicle production and transition from two to four-wheelers.
Seeing to the expected strong growth, the company is looking for more acquisitions in India. There are indications that it may report record sales in the 4th qtr with expansion in margins. Investors can stay invested with one year price target of Rs.2500.
* Those who booked partial profits around Rs.11,000 plus level can think of buying back Walchandnagar Industries (Rs.8074.55).
* Those who booked partial profits around Rs.1300 plus levels can re-enter Indian Hume Pipe (Rs.1039.85).
* Jaihind Project (Rs.154.45) is being added by informed investors. Stay invested for good long-term growth or even add on reactions.
* W S Industries (Rs.87) has orders in hand of Rs.200 cr. It is setting up an export unit for capacity of 800 tonnes which will start from June 2008. Its 59% subsidiary (WS Electric) along with the Chatterjee group of Kolkata is developing a 16-lakh sq. ft. IT park at a cost of Rs.250 cr. in Chennai, the first phase of which is nearing completion and revenues will start from FY09. Investors can buy this stock on reaction for good long-term growth.
* Valuations of Ion Exchange are attractive around Rs.197 level. Investors can add.
* Encouraging reports are pouring in about the outlook of Hindustan Dorr Oliver (Rs.166.05). Strong investors are said to be buying the stock.
* The market is very likely to bounce back on short covering when investors should book partial profits and remain in cash. Do not make bigger commitments at higher levels in stocks which have already flared up because of feeling left behind and desire for more profits.
* Surana Telecom (Rs.34.40) is likely to report better results and the stock shows firmness. Closing above Rs.37 should give a good breakout. Stay invested or add on reactions.
* Dish TV (Rs.78.90) is being accumulated by informed sources. Stay invested.
* Better trend of Q2 results is likely to be sustained in future also by Yuken (Rs.318.95). Compared to Dynamatic Technologies, this stock looks much cheaper. Investors are likely to get good benefit over the long run.
* Pratibha Industries (Rs.307.65), Ramsarup Industries (Rs.221.35) and Madhucon Projects (Rs.360) are attracting mutual fund buying.
* Jenson & Nicholson (Rs.7.40) restructuring is said to be taking place and it may become a turnaround story.
* Khoday India (Rs.271.10) after a black deal at Rs.240 level may now see higher levels.
* Asian Oilfield Services (Rs.205.15), Deep Industries (Rs.178.55) and Shiv-Vani Oil (Rs.441.10) are attracting strong speculative cum investment buying. Stay invested.