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Price

27 Dec. to 2 Jan. 2011

Rs. 12/-

Sluggish Upmove Continues

Market Scan
Jatin Sanghavi
(Mumbai) (M) 098205 26455 E-mail : jatinsanghavi100@yahoo.com
Fight Between the Short Term & Medium Term Trend :- The week gone by, can be appropriately summed up as not only sluggish but an almost listless week as many market participants were in a festive mood. The main reason behind this, was the fight between the short term and medium term trend. As the market managed a close above the 20dma last week, the short term trend had turned positive, but since the market was below the 50dma, the medium term trend was down. Hence the entire last week was primarily the fight between the short term and the medium term trend. As a result the market remained subdued while still being in a small range. TECHNICALLY SPEAKING :- The Sensex opened the week at 19770, made a high of 20151, a low of 19711 and closed the week at 20073. The

INDEX LEVELS
S3 S2 S1 Close R1 Nifty 5855 5908 5963 6011 6084 Sensex 19423 19687 19877 20073 20267 R2 R3 6151 6222 20452 20669

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Sensex gained 209 points on a weekly basis. Similarly Stocks CMP SL TGT-1 TGT-2 Nifty opened the week at 698 690 715 735 5926, made a high of 6023, Buy Jindal Steel a low of 5900 and closed Buy Rel. Infra 815 800 837 863 the week at 6011. The Nifty Buy Rel. Capital 654 642 673 695 too closed with a gain of 63 Buy Infosys 3370 3347 3409 3441 points on a weekly basis. Buy Jubilant Food 632 621 653 675 After forming a Bullish (Sensex 20028 and Nifty 6018) Harami reversal pattern last week, this and hence the fight for the medium week both the indices have formed a term trend continues. However both the Big White Body candle which is in conindices are still above their 200dma tinuation with the Bullish reversal ob(Sensex 18495 and Nifty 5552) served last week. On the daily charts and hence the long term trend still both Sensex and Nifty have formed a continues to remain positive. Bullish Engulfing and which increases Both Sensex and Nifty are correctthe possibility of a stronger upmove in ing the entire fall from 21108 to 18954 the near term. and Nifty 6338 to 5690 and the relThe market is above the 20dma evant correction levels for the Sensex (Sensex 19763 and Nifty 5926) will be 19777-20031-20285 and for the and as a result the short term trend is Nifty 5938-6014-6090. Only a close positive. The market is just testing the above the 61.8% retracement level 50dma, infact the Sensex has just (Sensex 20285 and Nifty 6090) managed a close above the 50dma, and the Nifty is just below the 50dma

This Weeks Recommendations

TIPS OF THE WEEK BUY.... BUY....BUY

Co. Name IDFC Subex Nexxoft Infotel Coral News Pipavav Ship. Adani Power Jayaswal Neco J.B.Chem. Essar Ship. Shri Lakshmi Sumeet Ind. Code 532659 532348 532045 530755 533107 533096 522285 506943 500630 526049 514211 Price 175 77 56 8.50 80 127 30 139 104 134 25 Co. Name Code Bengal & Assam 533095 Kiri Dyes Co. 532967 Agrotech Foods 500215 J.Kumar 532940 India Info. 532636 Polyplex Corp. 524051 Jindal Steel 532286 Persistent Sys. 533179 Berger Paints 509480 Nelco 504112 ABG Ship. 532682 Price 362 442 358 179 83 339 698 422 107 115 411

(Cont.... on P 6)

Stock Wave

Sarvesh Ashok Trivedi

(Mumbai) (Mob) 09820728124

Diwan-E-Khas

A.J. Diwan (Mumbai)

How Will be 2011? Will

is not only our problem but its tracts the world economy. To tack scams is very big problem of the government. LIC scams has vanished confidence of the public. The above problem may bring high volatility in the market. As prudent traders at is not advisable to trade for daily Soda. The Index had first supports at 19850 and stop loss for all plus position should be 19780 in 2011 if you have trend for investment we recommend following shaves. Kirloskar bros. - At this time share is witnessing down trend from Rs.235 to Rs.200. arrowed Rs.190/192 this is good investment of course long term. NHPC is another good investment around Rs.26/- with very long term i.e. two/three years. Tisco is volatile but trend is up Rs.650/- is supports level. Rs.680 is resistance Tata Motors has support at Rs.1305. Aegis Logistic and Exide Ind. Are good shares to invest @ Rs.300 & Rs.150 Resp.? So pray to Christmas Father to solve all problems mentioned above for better 2011.

w w w. c h a r t s a n k e t s t o c k . c o m

Improvement may continue in selective stocks

BSE Index (20073.66) : After making bottom at 18954.82 & higher bottom at 19074.57, the stock market witnessed improvement. While it is overbought on daily basis & neutral on weekly basis, the position on monthly basis is from overbought to neutral. If the Sensex crosses the 20151 level & subsequently the 20218 level, it may face resistance at 20300, 20380, 20500 & 20800 levels. On the down side, it may get support at 19840 & 19711 level. If these levels are broken, the market may lose steam. The coming Thursday is last day of the F&O contracts. Depending upon the positions, the market may see volatility on both sides. After 19711, the index may get support at 19554. Nifty Futures (6037.20) : After making bottom at 5748, the index future is on the rise. While it is overbought on daily basis & neutral on weekly basis, the position on monthly basis is from overbought to neutral. If it crosses the 6043 level, the gains may face resistance at 6094 level, following which the next resistant levels are 6115, 6160, 6190 & 6230. On the down side, if level of 5965 is broken, the sentiments in the market may turn week. Below that point, level of 5900 will be crucial. Tata Chemical (391) : This stock is moving upward after making bottom at 330.10. While it is overbought on daily basis & neutral on weekly basis, the position on monthly basis is from overbought to neutral. On the down side, it may get support at 377 and face resistance at 418. SBI (2754.10) : The stock is witnessing sideways movement after gaining 2655 level. While it is neutral on daily basis & oversold on weekly basis, the position on monthly basis is from overbought to neutral. If it crosses the 2805 level, the gains may extend further to 2940. While taking any position in the counter, consider 2695 as a support. LIC (939.80) : After making bottom at 827.05, the stock is bouncing back with considerable improvement. While it is neutral on daily basis & oversold on weekly basis, the position on monthly basis is from overbought to neutral.

E-mail : divanconsultancy@rediffmail.com
The situation for 2011 is very very gloomy. We do not know wow go government will take the problems like (A) inflation (B) Meeting crude price (C) demand for JPC (D) Spectrum and JPC issue (E) DMK pressure (F) Mamtas Problem etc The patience of public and Government is on test. The further incurrence in Diesel price (Rumored ofRs.4/5in cranes) may affect the sentiment in the market crude is above $90

Sensex inches up a bit but market sentiments still down Long-lasting uptrend might re-emerge in January
The BSE Sensex last week once again recaptured 20,000 mark level when it closed at 20074 with a modest gain of 209 points over its previous week's end level. The volume of trading remained dull all-throughout the week in view of a host of negative factors and also because of fast approaching year-end coupled with the accountend for futures and options in December derivative contracts. The foreign institutional investors were also reported to have sold small chunks during the week and that was one of the factors that restricted the Sensex gain and put the gainers and the losers on par with each other. The markets witnessed low volumes all-throughout the week as the marketmen turned suspicious about the existence of the Union Government headed by Dr. Manmohan Singh in view of the adamantcy of the opposition parties for pressing their demand to appoint a joint parliamentary committee to probe the so-called telecom scam. Since the opposition parties have stalled the winter session of the parliament over their demand, they are feared to stall the budget session as well, that is scheduled to be held after about a month and a half and in that case, the budget would not get passed, which as a consequence, might compel the government to resign and opt for new elections, it was widely feared. The cues that the foreign peers gave to the Indian stock markets were also not very encouraging and the flare December ending, the routine phenomenon at this time of the year and with most of the companies paying higher advance income tax in this month, liquidity with many of the corporates hase dried up. To cope up with the growing demand for funds from the corporates, the banks had to borrow historically huge funds from the Reserve bank this month. The new crops in village mandis have started arriving and that is also a drain to the liquidity with the trading community.

By Talaksi Gosar (Mumbai)

up in the world's commodity markets sent a message to observe utmost caution while buying stocks that might be adversely affected by costlier inputs due to commodity flare up. The inflation was once again on a rising track and with the oil companies hiking petrol price a couple of weeks ago and the Govewrnment also planning to impose stiff hikes in diesel and cooking gas prices, the inflation is more likely to go up in the days to come and that would once again prompt the Reserve Bank of India to readopt liquidity tightening policies. The trade and industry are even otherwise witnessing tight liquidity situation in view of the

(Cont.... on P 6)

(Cont.... on P 6)

Golden quote: Conference is a way of postponding a decision

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Financial Weekly

20th Dec. to 26th Dec. 2010

SMART
Commodity space
Bullion : Spot gold prices gained slightly last week, but major gains were not witnessed on the back of holiday season which began towards the end of the week. The yellow metal prices gained around 0.5 percent w-o-w in the international markets. But gold prices on the MCX declined last week as the Rupee strengthened against its US counterpart. The currency factor has played a dominant role in price determination of gold prices this year. Despite gold prices in the international markets gaining more than 25 percent on a year-to-date basis, prices on the MCX have gained around 22 percent, with gains in the prices on the MCX being capped on the back of Rupee appreciation this year. On a year-todate basis, the Indian currency has gained around 4 percent this year on the back of strong domestic growth and higher interest rates. In its latest move, Fitch ratings cut its ratings on Portugal by one notch to A+ on the back of concerns regarding the European countries government and banks. There are worries with regard to economic growth in Portugal and Fitch has kept its ratings outlook negative. Recently, Standard and Poors Ratings Service and Moodys Investors Service also indicated to trim cut Portugals ratings. Current ratings of Portugal were downgraded citing concerns that the countrys failure to meet 2011 budget and structural deficit targets would lower confidence with regard to medium-term sustainability of its public finances. For this week, gold prices are expected to trade higher, mainly driven by European economic problems. Prices on the Indian exchanges may continue to rise, taking cues from supportive fundamentals. Spot gold has a strong support at $1354/$1330 levels and resistance at $1405/$1435 levels. MCX February Gold has a strong support at 20340/20200 levels and resistance at 20705/20840 levels. Base Metal : Copper prices touched record highs on the LME last week but profit booking was witnessed towards the end of the week. Prices took cues from increasing imports in China, the worlds largest metal consumer and supply concerns in Collahuasi mine in Chile. According to the data from the General Administration of Customs, refined copper imports from China rose 37 percent in November to 232,298 metric tons as compared to 169,897 tons in October. Refined copper imports of China rose almost 19 percent y-o-y in the month of November. Due to an accident at the Patache, the only port used by the Collahuasi copper mine has disturbed the copper export schedule. Collahuasi is the worlds third largest copper giant and accounts for 3.3 percent of the worlds copper production. For this week, base metal prices would take cues from the movement in the US dollar. We expect metal prices to trade with a negative bias mainly on account of the stronger US dollar and Euro Zone worries that will push the prices in the downside direction today. But, we expect lower liquidity in the coming week on the back of holiday season in the international markets. MCX February Copper shall find a strong support at 420/314 levels and resistance at 431/ 436 levels for this week. Crude oil prices on the NYMEX rallied to hit a two-year high of $91.63/ bbl last week. Shrinking crude oil inventory levels, favorable employment data from the US and weakness in the US dollar helped prices to trade above $91/bbl yesterday. In addition, increasing demand for crude oil from the colder regions in the US and Europe also helped crude oil prices to gain on Thursday. The US Energy Department (EIA) reported that crude oil inventories in the US declined sharply by 5.33 million barrels to reach 340.7 million barrels in the week ending 17th December. But, Gasoline inventories rose 2.4 million barrels to reach 217.2 million barrels and distillate inventories

Nifty - Watch out for Triangle Breakout

C.M. Patil
info@MarketRahasya.com
Last week I had shown NIFTY forming Symmetrical Triangle pattern formation and advised to wait for the breakout. During the week NIFTY has given a bullish breakout and it is expected to move upward in the coming week. What happened during the week? :- There are some important events on the technical chart. During the week NIFTY has broken the trend line resistance as shown in the chart and managed to survive above the resistance line. It has also managed to stay above its 20 and 50 day moving averages. On Friday there was heavy Put writing @ 6000 strike price and at the same time there was unwinding in OTM Call options which are bullish signal for the coming week. The Global markets have started giving strong positive signal. US Dow Jones index and Europe have given breakout during the week. Dow Jones holding 11500 levels is a bullish sign. Whats next ? :- I am positive about the coming week. However the trading range is getting narrower. The immediate hurdle is at 6070. Crossover would take NIFTY Index to 6140. On lower side, 5940 is a strong support zone. So, play with positive bias for the coming week. Pick for the week :- ABG Ship : CMP 410.40, above 412 the target will be 417.50, 424 Polaris: CMP 180.80, above 183 the target will be188, 191 L&T : CMP 1963.35, above 1970 the target will be 1995, 2020 Unitech : CMP 63.30, above 64.50 the target

INVESTMENT Badruddin
Sr. Research Analyst - Commodities Angel Commodities Broking Pvt. Ltd.
dropped 0.6 million barrels to reach 160.7 million barrels in the same week. For this week, we expect crude oil prices to trade on a positive note on the MCX mainly the back of expectations of further demand for heating oil due to lower temperatures in the Northeastern region of the US and Europe. NYMEX Feb Crude has support around $86.80/$85.30 levels whereas resistance is seen around $92.60/$94 levels. MCX January Crude shall find a strong support at 4065/3980 levels and resistance at 4205/4255 levels for this week. Soybeans : NCDEX January soybean futures moved higher in the last week due to on account of firm overseas market due to firm global cues on concern of dry weather in Argentina. NCDEX January soybean contract opened the week at Rs 2260 a quintal, initially made a low of 2238 levels and then surged sharply and touched a high of 2319 levels, finally prices managed to close at 2306 levels on December 24, 2010 with a gain of Rs 50 a quintal as compared with previous weeks close of Rs 2256 a quintal. For the this week, Soybean futures are expected to move northward due to sharp rise in International Soybean prices on dry weather concern in Argentina and strong demand of from China. Lower production estimates of South America are in favor of the bulls. As per some private forecasters, the Argentinas soybean production estimates are as low as 42 million tonnes as compared to USDAs current estimates of 52 million. China confirmed that November imports were up sharply from October and from a year ago. Chinas customs data shows that the November imports at 5.48 million tonnes, up 47% from October and up 90% from last year. NCDEX January soybean shall find a strong support at 2255/2230 levels and resistance at 2350/2400 levels for this week. ***

will be 67, 69 Last weeks recommendations: Target Achieved :- ACC achieved 1099, BEL reached 1779.90 Bharti reached 351.80, L & T hit 1927.10, Maruti reached 1346
[Disclaimer: These are the personal views of the analyst and are not any recommendations. Analyst may have holdings in these scripts.]

Sensex 24000 in year 2011 ?

As per Col Ajay Ceo www.astromoneyguru.com 52 week of Year 2010 will be in progress from 27th Dec 2010 to 31st Dec 2010. First of all my good wishes on Christmas and New Year. I will pray to god for all the best for India and Indian stock market with hope 24000 sensex by 2011. My advance predictions for positive movement in fertilizer stocks once again proved correct under highest volatility in Indian stock market. RCF, Chambal fertilizer and other fertilizer stocks were show great upward movement in Indian stock

Astromoneyguru says
Lt Col Ajay
09414056705, 9887056704

market. . Hope all readers must have enjoyed big profit base on article. Now this week important planet sun will make conjunctions with Mars and Rahu in Dhanu rashi. Which will attract profit booking at higher levels in Bullion. Of

course this will creat an opportunity for investors to make investment for mid term time frame. Year 2011 will be bring unexpected result in stock and commodity market This week automobile, banking, capital goods sector may show some buying interest in stock market. Fertilizer stocks will keep attracting buying interest for two months time frame. State bank of India, Tata motors, chambal Fertilizer, Rcf may keep under observation. These stocks may be bought on every dip Bullion may see some corrections any time. Gold may see down ward move in spot and future market. Therefore wait a little for investment in gold or E-gold. You may keep visiting my web site astromoneyguru.com and futurebazaronline.com for daily recommendation and watch my regular TV show at zee business at 07.16 am and Bloomberg at 07.48am from Monday to Friday for daily recommendation on stock and commodity.

Terrific Shots (Continued from page 8)

The price of this share may move up very shortly following this offer. The 52 weeks highest price was recorded at Rs. 246 and the lowest one was recorded at Rs. 135. The company, mainly known as port and infrastructure developers, has paid up equity of Rs. 12.82 crore and the face value of its share is Rs. 10.

News Track Track

ING Bank Angel Broking joins hands for broking biz
ING Bank and Angel Broking announced signing of MoU for broking business for their clients. For this Angel Broking has lined up a total investment of Rs. 18 crore over a period of next two years and targets over 1.5 lakh new accounts. ING Bank that has major thrust on retail banking has filled the gap of securities market services with this MoU. It has over 2 million customers where as Angel has around 0.8 million clients as of now and thus both are confident of exploring more business on a revenue sharing model that will benefit all. Angel is going to offer broking business for delivery at 0.4% to all such new clients against 0.5% charged for its clients now. For the first year both are hoping to rope in 35000 clients for broking business. ING Bank is also gearing up to offer demat services at reasonable fees to its clients who are opting investment under this new plan.

Super Duper

(Continued from page 8)

for this company. The company has earned the net profit of Rs. 4.02 crore on sales of Rs. 43.99 crore achieving quarterly EPS of Rs. 2.52 for the September quarter. It is expected that the company will register the net profit of Rs. 44.4 crore on sales of Rs. 323 crore till FY 2011-12. Investors must add this scrip in their portfolio at every dip Relaxo Footware (Rs. 366.00) (Code: 530517) :- The company, based in Delhi, is engaged in production of various footware and investors had yielded very handsome return during last one year. Hawai Chappal is its most popular brand which is famous across the country. The company, having 10 manufacturing units and 100 retail outlets, has posted the net profit of Rs. 20.02 crore on sales of Rs. 182.13 crore for the period of September quarter. The company has undertaken its diversification plan and it hopes the turnover of Rs. 1000 crore till FY 2012. The company had also set up 6 MW wind turbine power plant during FY 2009-10. Investors cnt afford to miss this stock.

Subex Ltd (Rs. 77.00) (Code: 532348):- The company provides IT

and Software solutions to its distinguished clients and the highest price of its share was recorded at Rs. 101 and the lowest price was recorded at Rs. 45. The company, having very strong fundamentals, has posted the net profit of Rs. 25 crore on sales of Rs. 78 crore achieving quarterly EPS of Rs. 4 for the period of September quarter. The operating profit margins of the company have also increased up to 110 per cent. It has also been heard from the street that the overseas company is all set to take over this company.

First 5MW Solar farm commissioned

Moser Baer Clean Energy Limited (MBCEL), a subsidiary of Moser Baer Projects Private Limited (MBPPL) has commissioned the countrys largest and the first 5 MW solar farm at Sivaganga in Tamil Nadu. The technical expertise for commissioning was provided by the EPC (Engineering Procurement Commissioning) arm of Moser Baer Solar Limited. The International Finance Corporation and the IDBI bank has provided debt for the project. The solar farm has been commissioned using amorphous silicon Thin Film technology which is best suited for the Indian climatic conditions and is connected to the 110 KVA local grids. The project had been awarded by the Tamil Nadu Energy Development Agency (TEDA) and is being implemented under the Generation Based Incentive scheme of the Ministry of New & Renewable Energy, Government of India. The project awarded on the basis of a global bid is the first of its kind in the solar farm category to be commissioned in India under the phase 1 of the National Solar Mission.

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Polyplex Corporation (Rs. 339.00) (Code: 524051):- The

board of directors of the company has recommended bonus share in raio of 1:1 for its share holders and it has also fixed Dec. 31, 2010 as its record date for the purpose of subdivision of share. The company has very strong fundamentals and the stock is technically very sound. A leading analysts has recommended to buy this stock for target price up to Rs. 400.

Global Think Tank undertakes detailed deliberations on the DTC

Global taxation experts and members of a specially convened Global Think Tank have recommended a window of four months to further analyze and submit detailed recommendations on the Direct Tax Code Bill to the Government of India. A request for this extension has been made to the Parliamentary Standing Committee on Finance by Nishith Desai, Founder, Nishith Desai Associates and Convener of the Global Think Tank. The members of the Global Think Tank include renowned academicians, jurists, public policy experts and industry leaders from developed and developing countries, some of who have been actively involved in the tax enforcement and reform processes in their respective countries. According to Mr. Desai, the DTC represents a significant policy opportunity for reforming the existing tax system and creating a robust and sustainable tax regime based on principles of equity, stability, increased compliance and economic certainty. Adding further Desai said In view of the far reaching impact of the DTC proposals on both inbound and outbound investments and business, it is necessary to undertake a thorough comparative analysis of legal developments and best practices from around the world. The Discussion Paper however does not provide such analysis making it difficult for taxpayers, professionals and other stakeholders to meaningfully assess the Code and make recommendations. The 20 day period provided for commenting on a massive piece of legislation such as the DTC Bill would therefore not suffice for this purpose.

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Persistent System (Rs. 422.00) (Code: 533179):- The company, active in IT consulting and Software solution, has posted the net profit of Rs. 31 crore on sales of Rs. 146 crore achieving quarterly EPS of Rs. 8.19 for the period of September quarter. The 52 weeks highest price of the share was recorded at Rs. 507 and the lowest price was recorded at Rs. 385. The company may very soon take over another company.

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Financial Weekly

SMART
INVESTMENT

20th Dec. to 26th Dec. 2010

Jindal Steel : Some positive announcement soon ; LIC Housing : 31-12 fixed as record date for stock split State Bank of Tr. : Come with right issue ; Selan Explo : Jan. 3 is fixed as record date for bonus share PTC : subsidiary Enter in the market with its IPO ; Walchand Peo. : Company has Turnaround position Sentiments to remain subdued till first week of Camlin Fine : Acquired 100 per cent stake of UK based company ; EIH : SEBI has approved its right issue 2011: FIIs actions to decide next course 2010 the year gone by was overall positive for the stock market KEC Inter : 31-12 is fixed as record date for stock split ; LGS Global : Co. has received very huge contract Do FIIs, which were net seller in December, run away from Indian pitch Maruti Suzuki : Co. has recently launched Kizashi, the luxury car ; J.B. Chemical : Buy at every dip Government under pressure on both political & economical front Parekh Alumi : An agreement with UP Govt. for 250 MW power plant ; Sintex : Most favorite for fund houses Crude oil prices to have adverse impact on a host of sectors Nitin Fire : The subsidiary co. is all set for positive development

Smart Chat

Even amid subdued sentiment, merger & acquisition still order of the day

Harshad : On the last trading day, particularly during concluding hours, overall sentiment of the market improved considerably, isnt it? Ketan : Absolutely right, the market successfully maintained above 20k level in Sensex & 6k level in Nifty during the week. However, if considered on weekly basis, the scenario is not so encouraging. Bhansali : I think, the sentiment will remain subdued till the big fishes remain in festive mood & FIIs enjoy Christmas holidays. Harshad : I think, such trend will continue till Jan 5th. Ketan : It seems that the volume will remain low with marginal trading & sideways movement. Bhansali : Forget the stock market, the entire country is facing so many troubles. Harshad : I agree with you, while a number of scams and uproar in Parliament have become a headache for the government, DMK & Mamta are adding fuel to the fire. Ketan : I have a doubt, will this lead to instability in the government? Bahnsali : Not only on political front, the government is under pressure on economic front too. Crude is hovering above $91 increasing the burden on the oil marketing companies. Harshad : The delimitation in fuel prices seems to have a limit as the government is reluctant to allow price hike beyond a certain range. Ketan : Postponement of the meeting for price rise in diesel from 22 nd Dec to 31 st Dec obviously indicates such tendency. Two digit inflation is also a cause of concern for the government and it prevents a further hike in diesel. Bhansali : Skyrocketing prices of onion & other veggies are mainly responsible for the two digit inflation. Things are getting beyond the reach of poors. Harshad : This is just beginning. After onions, its now turn of garlic, tomatoes, sugar, tea, turmeric and so on, there is no end to the hardship of the common man. Ketan : Even brokers & fund managers are stunned by the unexpected price rise in crude oil. Bhansali : It this trend in crude will continue, it will hamper the bullish sentiment in the market, have an adverse impact on the margins of oil companies and the cascading effect will put textile, paint, auto & tyre sector under pressure. The fiscal deficit will also increase. Harshad : Even amid such scenario, merger & stake sale deals are still order of the day. Ketan : Very recently, ONGC has announced to merge the oil business with Russia-based Sistema. Bhansali : Essar Group has also bided for Royal Dutch Shells Stenlo refinery. Harshad : Singapore-based Temasek has also announced to buy 3% stake in Max India. Ketan : Subex also mulls over an oversea acquisition. Malpani : Bangalore-based Strides Arcolab has also increased its stake in Australian firm Ascent to 94%. Harshad : Infra segment is also losing sheen as announcements of big orders have become rare. Ketan : Lanco Infra has booked an order worth Rs. 4,100 crore from Moser Bear and Unity Infra has also bagged a Rs. 200 crore order from a Pune-based company. Elecon & Spanco have also bagged orders worth Rs. 40 crore & 85 crore respectively. Malpani : What you think about the Pharma? Harshad : Its losing its status of a defensive segment, but in overseas markets, its performance is improving. Ketan : Ranbaxi, Suven Lifesciences, Elembic & Glanmark are in the news for one reason or another. Bhansali : Gujarat has become a ground for expansion for many corporates. Tata Powers 50 MW solar power plant in Kutch, Finolex Inds Rs. 100 crore investment for a PVC pipe unit, commencement of Adani Powers supercritical unit, capacity expansion by Havells India and the number of expansion plans is still growing. Harshad : Other corporate houses such as Omexe, SAIL, Apollo Hospitals are on the expansion spree. Ketan : Split in Hero Honda and merger of Ispat Industries with JSW Steel augur well for both of the company. Particularly in case of Ispat, in absence of merger, the share value might have come down even below Rs. 10 against the offer prices of Rs. 20.54 by JSW. The firm may have to revise the offer price upward if the shareholders dont submit. Bhansali : What do you think of 2010 with respect to the stock market? Harshad : Overall, it is a positive year with FIIs & Indias growth story acting as a major booster. Ketan : But FII is net seller in the December till date. Bhansali : It is a temporary phenomenon, as sensing recovery in the US market, they are diverting their funds to the US. Harshad : Are they running away from India? Ketan : God knows.

Jindal Steel & Power: (Rs. 698.00) (Code: 532286) :- The company is engaged in production of iron and steel besides intermediate. The price of this share has reached its top level of Rs. 756 but could not maintain its momentum and corrected to Rs. 572. It has been heard from the street that the company is going to announce some positive development soon.

(Code: 532714):- The company has

fixed Dec. 31, 2010 as a record date for the purpose of subdivision of each equity share of the company having nominal face value of Rs. 10 into five equity shares. The price of the stock may move up following this announcement.

house has awarded Buy rating to this stock. Investors should grab this stock.

Nitin Fire (Rs. 79.00) (Code: 532854):- The Nititn cylinder, the subsidiary company has recently signed an agreement worth Rs. 95 crore with Worthington Industries, the cylinder manufacturing company to set up joint venture with a view to expand its wings at global as well as domestic cylinder market.

Maruti Suzuki (Rs. 1392.00) (Code: 532500):- The company is

going to launch its new model Kizashi

LIC Housing: (Rs. 939.00) (Code: 500253) :- The price of this

share had crashed to its bottom level following its alleged involvement in recent housing finance scam. The company has fixed Dec. 31 as a record date for the purpose of subdivision of equity share of the company having nominal face value of Rs. 10 per equity share into five equity share. The price of the stock may move up following this announcement.

rn High Retu

High Risk

D.B. Realty (Rs. 201.00) (Code: 533166) :- Investors have

once again became most active for this stock. There is strong possibility that the price may move up 15-20 per cent during next week. Investors can definitely yield some handsome return in a very short term.

State Bank Of Travankor (Rs. 839.00) (Code: 532191) :- This bank

from SBI group is going to come up with its right issue very soon and the board meeting, to be held on Dec. 25, may approve this proposal. It is also possibility that the bank may offer right share at very attractive price.

on January 28, 2011 in domestic market. The sales of the company would definitely increase following launching of this model. The price of the share may also move up during next week.

Shares

J.B. Chemical (Rs. 139.00) (Code: 506943):- It is a most attractive pharma share that which is best buy candidate at every dip. It has been heard from the street that the company is going to announce some positive development very shortly.

LGS Global (Rs. 61.00) (Code: 532368):- The company has

recently awarded very huge contract from the UP Govt. for bio matrix based e-ration card for the people of the state. The price of the share may go up following this development.

Orissa Mineral (Rs. 57663.00) (Code: 590086): - The market has

witnessed heavy profit booking since last two sessions indicating some probable price decline next week. The price may plunge below Rs. 55,000. Investors should not make any position right now rather they should wait for some more correction.

Selan Exploration (Rs. 424.00) (Code: 530075):- The company has

fixed Jan. 3, 2011 as a record date for the purpose of subdivision of equity share of the company having nominal face value of Rs. 10 per equity share into ten equity shares. The price of the stock may move up following this announcement.

EIH (Rs. 116.00) (Code: 500840):- The company has recently got nod from SEBI for its proposed right issue worth Rs. 1300 crore. It may be recalled that both ITC and Mukesh Ambanis Reliance Group have remarkable equity holding in this company hence the takeover war between them may breakout following this right issue. The price of the share must be fuelled by this development.

PTC India (Rs. 124.00) (Code: 532524) :- The PTC India Financial
company, subsidiary has filed draft prospectus with SEBI for its proposed IPO to be entered in the market during month of December. The price of this share may move up following this development.

Parekh Aluminum (Rs. 259.00) (Code: 532606) :- The company has very recently entered in to agreement with UP government to set up 250 MW thermal power plant. The counters of this share may be hot following this agreement.

Walchand Peoplefirst (Rs. 1433.00) (Code: 501370) :- The

company, which had made huge loss during last four quarters, has achieved turnaround position by posting the net profit of Rs. 0.14 crore on sales of Rs. 3.36 crore. The price may surge up with this achievement.

Sintex (Rs. 179.00) (Code: 502742):-:- The stock has been most
favorite of some traders and domestic fund houses besides investors too have evinced their keen interest for this stock indicating some positive development. A leading brokerage

Camlin Fine Chemical (Rs. 75.00) (Code: 532834):- The company has entered into a Share Purchase Agreement (SPA) with the holding company Borregaard Industries Ltd. UK for the purpose acquiring 100 per cent share capital of Borregaard, Italy, its subsidiary company manufacturing fine chemical. The price of this share may move northward following this agreement.

Weekly Stock Market Prediction

Weekly planetary position: During the week, Moon will be transiting in Leo, Virgo & Libra.Rahu, Mars, Sun & Pluto in Sagittarius. Ketu in Gemini. Venus in Libra. Saturn in Virgo. Retrograde Mercury in Scorpio. Jupiter & Uranus in Pisces. Neptune in Aquarius. PLANET MERCURY, which controls our mind, will be transiting in Sagittarius from 26th November 2010 to 31st January 2011. During this period it will be in retrograde position from 10th December to 30th December 2010. Be CAUTIOUS, as one is likely to take wrong decisions, resulting in financial losses, depending on its position in individual horoscope. Satish Gupta Persons with Gemini rashi need to be (Delhi) extra vigilant. www.astrostocktips.in BE CAUTIOUS: PLANETARY POSITION WOULD REMAIN UNCOMFORTABLE, LEADING TO DECEPTION & HEAVY VOLATILITY. PLANETARY POSITION SUGGESTS THAT DISTURBING NEWSFLOW WILL CONTINUE. Following sectors will be getting ASTROLOGICAL support: BREWERY & DISTILLERY: UNITED SPIRIT, PIONEER, GLOBUS, KHODAY & JAGATJIT INDUSTRIES etc. TEXTILE: ALOK INDUSTRIES, ARVIND, AARVEE DENIM etc. FINANCIAL: LIC HOUSING, M&M FINANCIAL, HDFC & BANKS BIG TEJI IN PAINT STOCKS, ACCUMULATE ASIAN PAINTS & BERGER PAINT on every decline. UTILIZE DOWN DAYS TO ACCUMULATE STOCKS FROM THE ABOVE SECTORS. LAST WEEKS PREDICTION: It was lackluster week & NIFTY was up by 1%. All the four sectors predicted last week out performed. Among METAL TATA STEEL, NALCO & HINDALCO appreciated by 2.2-6.9%. In BREWERY & DISTILLERY PIONEER, GLOBUS, KHODAY & JAGATJIT INDUSTRIES by 4.189.8%. Among AUTO ANCILLERY LUMAX, AMTEK AUTO & SUBROS by 511%. ASIAN PAINT was star performer & went up by 11%. Sectors which get strong ASTRO support are not normally affected by downfall in the market.

KEC International (Rs. 447.00)

Astro View

INVESTMENT
English Edition Every Sunday

kwshkke yk]rk h hrkhu....

Broking Houses Say

Borkerg Company Recomm CMP Target SMC Global Zee Enter Buy 139.50 155 SMC Global Ingersoll Rand Buy 455 485 KJMC Research Amar Raja Buy 180 230 Prabhudas Lila ICICI Bank Buy 1099 1365 Anand Rathi J. Kumar Infra Buy 174 218 Angel Broking United PH. Buy 159 198 P. Lilladhar HCL Techno Buy 452 500 Emkay Research TCS Accumulate1150 1200 Angel Broking JSW Steel Buy 1202 1310 Dollat Capital Bank of India Buy 446 539 Sharekhan Indian Hotel Buy 63 111 SPA Sec. MAGFIL Buy 136 182 Borkerg Company Edelweiss Sec. TCS CRISIL Ashiana Hou. Bonanza Port TCS Bonanza Port Bharat Forge Bonanza Port CIPLA Bonanza Port Polaris Soft. Bonanza Port Bajaj Hind. Sharekhan BHEL Sharekhan IRB Infra Sharekhan Gail UBS Bajaj Auto Fulltorn Dish TV Recomm Buy Sell Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy CMP Target 167 -220 160 1140 1235 388 420 357 380 176 194 111 130 2325 2865 225 311 507 585 1456 -67 71

Financial Weekly

27th Dec. to 2nd Jan. 2011

SMART
INVESTMENT

Primary Markets Investors experienced heavy jolt last week following discount listing of Claris and A 2 Z Sweet & Sour All eyes are now on listing of Punjab & Sindh Bank and Ravikumar, both may get listed this week with premium price
New Listing : The two IPOs Claris lifescience and A 2 Z got listed last week but investors got pressured as both IPOs listed in discount and also closed in discount. Claris Lifescience (code: 533288) :- This IPO, with offer price of Rs. 228, got listed on Dec. 20 at Rs. 224 indicating 1.58 per cent discount making investors jittery. Post listing the price moved up at Rs. 227.90 and closed at Rs. 205.65 before it tanked to its bottom level of Rs. 198.10. The closed price indicated the 9.45 per cent discount. The price was recorded at Rs. 219

Shekhavati Poly Yarn enters in the market this week on Dec. 27 The IPO of C. Mahindra export, enter in the market on Dec. 31, would be last IPO of FY 2010
market with its IPO and yielded the return of Rs. 20 crore. Of course he had invested this huge amount once again in this company. The report from NSE suggests that the big bull had purchased 13.75 lakh shares with view to stop constantly declining price. The break up of his purchase is as under. (1) The big bull himself purchased 5 lakh share at Rs. 352 (2) His wife purchased 3.75 lakh shares at Rs. 347.80 (3) Both combined purchased 5 lakh shares at Rs. 352 What is most interesting aspect of this phenomenon is that despite big bull purchased huge chunk of share the price could not stop falling, on the contrary the price further declined to Rs. 333 on last Friday. As per rough estimate the investors applied for 240 shares worth Rs. 1 lakh had suffered the loss of Rs. 16000 and investors applied for 480 shares worth Rs. 2 lakh had suffered the loss of Rs. 32000. The new listing of this week:Two IPOs, Ravikumar Distillery and Punjab and Sindh Bank are getting listed this week. It seems that both IPOs may get listed with premium price. Ravikumar Distillery :- The

The volume in Grey market declined but premium prices have soared The premium of P & S Bank and Shekhavati have declined but the premium of Ravikumar increased The FPO of IOC and ONGC are uncertain following subsidy tangle Ravikumar distillery may get listed on Dec. 27, Monday with premium price The P & S Bank gets listed on Dec. 30/31, the listing would be most sensational SAIL may tap the market during January, 2011 with 10 per cent discount price The Go Air, belongs to Vadia Group, will enter in the market with IPO worth Rs. 4/5 billion PTC India Finance would file its draft prospectus with SEBI for its IPO

Rakesh Jhoonjhoonwala has purchased 13.75 lakh shares of A 2 Z with a view to stop declining price but all was in vain
last Friday. Investors are strongly recommended to exit from this scrip as early as possible with some loss as the valuation is still very expensive compared to current market price. A 2 Z Maintenance (Code: 533292) :- This IPO, with offer price of Rs. 400, got listed on Dec. 23 at Rs. 390 indicating 2.50 per cent discount making investors jittery. Post listing the price moved up at Rs. 398.80 and closed at Rs. 328.80 before it tanked to its bottom level of Rs. 318.65. The closed price indicated the 18 per cent discount. It is believed that the share got listed with NSE at premium price of Rs. 500 but it could not maintain its momentum and plunged to bottom. Rakesh Jhoonjhoonwala once again got frayed:- The Smart investment has mentioned in its last edition that big bull Rakesh Jhoonjhoonwala is constant buyer at Rs. 14 since FY 2006. And he had sold off his equity under Offer for Sale scheme to this company at Rs. 400 before it entered in to

Rumor is spreading that the IPO of Shekhavati Poly is sold off before it tap the market
posed to get listed on Dec. 24 but now it is going to be listed on Dec. 27 thanks to holiday on account of Moharram. How would be listing ? :- Thi IPO, with offer price of Rs. 64, may get listed at Rs. 75-80 and post listing the price may move up to Rs. 90 but investors must book their profit immediately as this IPO seems managed by its promoters so price may any time plunge in to discount. Punjab & Sind Bank :- This IPo got overwhelming response from the market so the allotment would be tough and tight. Discovery price : The discovery price of this IPO was worked

Listing Day Review

Co. Name Claris A2Z BSE Code 533288 533292 Listing Date 20/12 23/12 Offer Price 228 400 List 224.40 390.00 Day High 227.90 398.90 Day Close Low (List Day) 198.10 205.85 318.65 328.90

double. The valuation of this company also seems compared to its peer companies valuation. It has been heard from the street that this IPO got sold off before it entered in the market so it would definitely oversubscribe in all categories. Discovery Price : This IPO enters in the market with its fixed price of Rs. 30. Refund : On January 8, 2011. Listing : It may get listed on Jan. 10/11 with some premium price of Rs. 35/40. Market may witness high degree of volatility on very first

day of listing as it is already tied up with some players and operators. The price may go up to Rs. 50 on first day. C. Mahindra Export : This Mumbai based company is going to enter in the market on Dec. 31 (closes on Jan. 6, 2011) with its IPO of 1.50 crore shares. The rating agency ICRA has awarded 2/5 rating indicating poor fundamentals. The company, established in 1978, is leading player in Gems and jewelry business and is engaged in production and export of jewelry, dia-

IPO News : (Public Issues)

Sr Company Issue Open Dt. Issue Close Dt. Issue size (Rs. Cr.) Offer price (Rs.) Min. App. Rs. 1,00,00 Limit Rs. 2,00,000 Listing Limit Lead Rating Manager % Remark

1. Shekhawati

27-12-2010 Poly Yarn Ltd. 29-12-2010 (Fixed Price) 2. C. Mahendra 31-12-2010 Exports Ltd. 6-1-2011
(Book-Building)

Shekhawati Poly-Yarn
How to apply for retailers ?
Shares 200 400 600 800 1000 1200 1400 1600 1800 2000 2200 2400 2600 2800 3000 3200 Rupees 6000/12000/18000/24000/30000/36000/42000/48000/54000/60000/66000/72000/78000/84000/90000/96000/-

12,000,000 Eq. Shares (Rs. 36 Cr.) 1,50,00,000 Eq. Shares (Rs. 36 Cr.)

30.00 200 Shares 3200 Shares (Fixed Price) (Rs.6000) (Rs.96000) ----

6600 Shares
(Rs.198000)

BSE Hem Sec. 38 % NSE Ltd. BSE Anand Rathi NSE Yes Bank

Avoid

--

Next Week

Shares
3400 3600 3800 4000 4200 4400 4600 4800 5000 5200 5400 5600 5800 6000 6200 6400 6600

Rupees
102000/108000/114000/120000/126000/132000/138000/144000/150000/156000/162000/168000/174000/180000/186000/192000/198000/-

discovery price of this IPO, having offer price of Rs. 56-64, is worked out from its upper price of Rs. 64. The company has already made announcement regarding its refund and allotment. This IPo was subscribed 0.16 time more in QIB segment, oversubscribed 6.77 times more in HNI segment and 2.96 times more in retail segment making total subscription 2.12 times more than its real size. Allotment : Every 16 out of 25 retail investors applying for 100 shares would be allotted 100 shares and the investors applying for Rs. 2 lakh would get 197 shares. Listing :- This IPO was sup-

Smart Investment is for Smart Investors Only Smart Investment has predicted that the IPO of Claris would get listed in discount and post listing the price may tank below Rs. 200. Our this prediction proved 100 per cent perfect Smart has also indicated that the IPO of A 2 Z list discount and post listing the price may tank below Rs. 350. Our prediction proved 100 %

We have also hinted that the discovery price of P & S Bank and Ravikuar would be worked out from its upper price ban. This indication too proved perfect
The listing of Claris Lifescience :- The Smart Investment in its last edition has predicted that the IPO of Claris would get listed on Dec. 20 in discount and post listing the price may plunge below the bottom level of Rs. 200 making loss of Rs. 25/30 per each share to investors. Our this indication proved perfect as the IPO got listed on Dec. 20 in discount and post listing the price tanked up to Rs. 198.10 making loss of Rs. 25/30 to each investor. The listing of A 2 Z :- The Smart Investment in its last edition has predicted that the IPO of A 2 Z would get listed on Dec. 24 in discount and post listing the price may plunge below the bottom level of Rs. 400. Our this indication also proved 100 per cent perfect as the IPO got listed on Dec. 24 in discount price of Rs. 390 and post listing the price tanked up to Rs. 319. The Discovery Price : The Smart Investment has in its last edition has given a hint that the discovery price of both P & S Bank and Ravikumar may be worked out from its upper price ban. Our this hint too proved perfect as both companies had fixed their discovery price from its upper price band.

out from its upper price band of Rs. 120. Refund : On Dec. 27/28 Allotment : Every one out of each four applicants applying for 1650 shares worth Rs. 2 lakh may be allotted 50 shares whereas each one out of every eight applicants applying for 800 shares worth Rs. 1 lakh may be allotted 50 shares. Besides each one out of 43/44 applicants applying for minimum shares of 50 may be allotted 50 shares. Listing : This IPO may get listed on Dec. 30/31 How would be the listing ? :The IPO may get listed at Rs. 145/ 155 against its offer price of Rs. 120. Post listing the price may move up to Rs. 160/170. The IPO of this week: Two IPOs Shekhavati Polyyarn and C. Mahindra Export are entering in the market with their IPO. Shekhavati :- The company, based in Mumbai, has its production unit at Silvasa and it is going to enter in the capital market on Dec. 27 (Closes on Dec. 29) with its IPO having fixed offer price of Rs. 30. It is very small scale textile company. The rating agency CARE has awarded 2/5 rating to this IPO indicating poor fundamentals. The performance of this company since last five years is recorded excellent. The pre-issue capital of this company is worked out at Rs. 1 crore and it is going to tap the market with its IPO of 1.20 crore fresh share making post IPO total equity capital

Shekhawati Poly-Yarn IPO opens on Dec. 27 & Closes on Dec. 29, 2010 The Company is offerings shares at Rs.30/- (Fixed Price)
Incorporated in 1990, Shekhawati Poly-Yarn Ltd is a leading manufacturer of Polyester Textures Yarn & Twisted Yarn. Presently, Shekhawati has 20 Text rising Machines with an installed capacity of 13,200 MTPA to produce PTY. It also has installed 5 TFO machines to produce Twisted Yarn with installed capacity of 600 MTPA. Company has implemented an integrated facility at Silvassa for manufacturing PTY with a total project cost of Rs. 40.15 Crores. Under this Company has established Yarn Text rising Facility of 14200 MTPA with

20 Text rising Machines. Shekhawati Poly yarn Ltd. Mumbai engaged in the Business of yarn manufacturing with an initial public offering of equity shares to raise Rs.36 crores for its expansion cum diversification plan. The equity shares of the Rs.10 ach at a premium of Rs.20 per share. The issue opens on December 27. The shares w and NSE. The company has three units manufacturing at industrial estates in Dadra and Masat in Dadra and Naga village in Silvassa in Dadra and Nagar Haveli.

The Other Side of Shekhawati Poly-Yar

Rating agency CARE has awarded 2/5 rating to this IPO indicating

The average price of promoters each share is Rs. 15.77, book value is Rs. 22.11 and of

The financial performance during last some years recorded excellent and its RON Peer comparison suggest its PE ratio is most expensive indicating to refrain f

-The average price of promoters each share is Rs. 15.77, book value is Rs. 22.11 and o -The company has issued bonus share to its promoters from its reserve fund before it f - Rating agency CARE has awarded 2/5 rating to this IPO which suggests very poor funda peer companies. -The company has not registered itself with professional tax authority and ESIS (Employee State Insurance Scheme) though it Company Name Equit enjoys status of Limited company (Rs. Cr. -The export liability of the company is worked out around Rs. Filatex India 17.14 45.11 crore which is very high and it will create some negative 21.85 impact on its profit margin if it fails to fulfill its contingent liability Century Enka 39.99 -The company intends to enter in the market with view to ex- Sumeet Ind. pand its production capacity Shekhawati Poly-Yarn 1.6 Remark:- The company has posted the net profit of Rs. 2.21 crore on turnover of Rs. 89.51 crore achieving basic EPS of Rs. 3.04 and diluted EPS of Rs ended on March 31, 2010 beside it has registered very excellent performance during Sep earned the net profit of Rs. 1.57 crore on sales of Rs. 60 crore for the same period. -Recommendation:- The share of this company is currently offered with 9.87x PE based on i March 31, 2010) whereas the share of its peer companies like Filatax is offered with 4.5 PE, the offered with 6.80 PE and the share of Sumeet Industries is offered with 5.70 PE indicating thi Investors must avoid it.

Comparison of the c

Financial Weekly

SMART
INVESTMENT

27th Dec. to 2nd Jan. 2011

Grey Market I P O P r e m i u m
Co. Name Ravi Kumar Dist. Punjab & Sind Bank Shekhawati Poly-Yarn C. Mahendra Export Offer Price (Rs.) 64 120 30 -Premium (Rs.) 13 to 15 29 to 30 8 to 9 -Kostak (Rs. 2 Lac) --2400 to 2500

Patni : A takeover target, capable to yield high premium and may offer attractive return in short-term JSW Steel: Following a move to takeover Ispat Ind., valuation of this stock seems attractive
Titan Industries: At current prices, the stock may act as a blockbuster for investors Hero Honda: As per known analysts, this stock may once again turn out to be a Gem

Laxmi Machine Works: All set to capitalizing on recovery in the textile sector
Laxmi Machine Works (Code: 500252) : Laxmi Machine
Works, widely known as LMW, is a southbased company engaged in manufacturing of the complete range of spinning machineries for the textile sector. It enjoys 60% share in the domestic market and is rapidly developing export market in a big way. All of its three divisions are situated in or around Koimbtore. Its revenues grew by 59% to Rs. 443 crore during the quarter ended on 30 September, 2010, while its net profit during the same quarter witnessed a growth of 42% to Rs. 46 crore. At a time when Indian textile segment is attracting a huge investment, the company is poised to take advantage of the situation through expansion and R&D activities. The firm is expected to register an EPS of Rs. 133 in the current fiscal. In view of this, the stock of the company, being traded at the PE multiple of 18, seems attractive and may offer higher return.

Smart Best Buy

S. N. Zaveri
Raga watches are well-known brands of the company. In jewellery business, the company sells its products with Gold Plus brand and giving tough competition to the premium jewellery brand Zoya. While gold prices are on the rise, the company offers diamond jewellery in lower range. The firm owns 592 exclusive outlets and offers its products in around 10,000 multi-brand outlets. It also plans to set up 102 new outlets in near future. The company witnessed 23% growth in net profit & 51% growth in revenues and its EPS for the year works out to be Rs. 76. Its market capi-

Note: Dont subscribe for issue by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies
mond and stones. The company has its production unit at Surat, Mumbai besides it has corporate offices at Mumbai, Delhi, Kolkata, Surat, New York, Los Angles and Antwerp. This would be the lat IPO of calendar year 2010. The IPO from Private Sector:Systema Shyam Telecom :- It is joint venturs between Russia based Systema and India based Shaym group. The company may enter in the market during second half of FY 2011 with its IPO Go-Air :- This low budget airline company is belonged to prestigious Vadia group and he company is going to enter in the market with its IPO worth Rs. 4-5 billion. Sabari Inn : This South India based company has filed its DRHP with SEBI for its proposed IPO worth Rs. 177 crore. This IPO would consist fresh equity worth Rs. 125 crore and Offer for Sale equity worth Rs. 45 crore. It is hotel belongs to renowned Sabari group engaged in hospitality and real estate sector. VRL Logistic : This Hubali based company has filed its DRHP with SEBI for its proposed IPO of 2.35 crore shares. The company intends to tap the market during next February. The IPO from PSU: IOC : The finance ministry has agreed to compensate only 33 per cent of its total loss incurred during last year thanks to less price of petro products. The fate of its FPO worth Rs. 19000 crore has become uncertain following this development. ONGC :- As per its original schedule the company was supposed to tap the market during last quarter of current FY but it seems that it may not be able to come up with its FPO thanks to its subsidy tangle coupled with loss of Rs. 1400 incurred thanks to less price of petro products. The company may enter in the market during first quarter of FY 2011. Sail : The company, fully owned by central government and popularly known as Steel Authority of Indis intends to enter in the market at the end of January with its FPO worth Rs. 600 crore. The offer price may be worked out around Rs. 165. PTC Finance : The PTC India

Hero Honda (Rs. 1,330) (Code: 500182) : Following the split

between the Munjal Family & Japanbased Honda Motors, the main promoters of the company, the stock of the company witnessed a major fall in recent days. But it bounced back after some encouraging announcements by the company that payment of royalty will decrease each year & Munjal Family will have a controlling stake in the Hero SPV. Apart from that, the company also announced that it will also go aggressively in overseas marketing following split with the Honda Motors. Taking clue from this announcement, some analysts have turned positive for this stock. Merrill Lynch assigned buy rating to the stock with a target price of Rs. 2,088. UBS has also recommended buying the stock for a target of Rs. 1,950. Similarly Antique has also revised it Hold rating to Buy rating with a target price of Rs. 1,885. Kotak Mahindras outlook for the stock is also positive.

The IPO of C. Mahindra, diamond and jeweler company, enters in the market on Jan. 6, 2011 and closes on Jan.11
Finance, the subsidiary of PTC India, is looking forward to come up with its IPO very soon for which the company has already filed its DRHP with SEBI. NTC : The company known as Textile Corporation is engaged in rehabilitation of closed textile mills and it has very huge land bank at Mumbai. The management hope to earn very handsome amount by selling off this land bank to real estate sector. The company is thinking to enter in the market very soon with its IPO. The movement of Grey Market :- The volume of the grey market is gradually declining but interestingly the volatility is increasing. The premium of P & S Bank has plunged to Rs. 29/30 from its top level of Rs. 34/35 but the premium of Ravikumar has increased to Rs. 14/15 from its bottom level of Rs. 9/ 10. The premium of Shekhavati Poluyarn was first quoted at Rs. 9/ 10 but thereafter it declined to Rs. 7/9.

Co. Name LMW Hero Honda Titan Ind. Patni Computer JSW Steel

CMP (`) 2340.00 1930.00 3461.00 489.00 1170.00

talization is around Rs. 15,000 crore. In the first half of the current fiscal, the firm registered 69% increase in net profit with 37% growth in income. Rakesh Zunzunwala, known as the big bull of the stock market, has considerable holding in the company. The stock witnessed the highest rise in the last 52 weeks and still has some potential for upside.

Patni Computer (Code 532517) : Promoters of this leading private sector firm, ranked sixth in software business, are mulling to sell their stakes. Around three companies are reportedly in the race to takeover this firm, which include I-Gate, Advent International (CARLYLE & Co.) and Vivek Poulsowned Akansha Capital. While I-Gates bid is priced at Rs. 500 per share, the offer price from CARLYLE is Rs. 600. This offer works out to be 25% higher than the current market price of the stock, which is Rs. 480. As per CARLYLEs offer, the valuation of the company turns out to be Rs. 7,800 crore.

Titan Industries (Code: 500114) : This Tata Group firm enjoys

a strong brand value in the watches & jewellery space. In the watches segment, it is the market leader. Low-priced Sonata watches and the premium brand

The equity capital of the company stands at Rs. 2,600 crore with face value of the each share Rs. 2. The three promoter brothers hold around 65% stake in the company. The book value of the companys share stands at Rs. 245 with reserves of Rs. 3,205 crore (Rs. 250 per share). For the fiscal 2009-10, EPS of the stock was Rs. 43, which is likely to go up to Rs. 57 by the end of the current fiscal. At the current price, the stock is traded with a PE multiple of just 9, which is quite lower than other peers like Infosys, TCS & Wipro. In the year 2010, the company has paid 3,300% dividend (Rs. 66 per share). With strong fundamentals, high quality of assets, huge land-bank and being a high-premium yielding takeover target, the stock may offer high return in short-term. JSW Steel (Code: 500228) : Sajjan Jindal, the main promoter of this company, is known as a turnaround specialist. In 1990, JSW Steel was considered as a weak company, but at present, it is one of the leading steel makers of the company. Recently, JSW Steel has taken over Ispat Industries and intends to facilitate turnaround in this company in a year or so. It is believed that EBIDTA of Ispat will turn positive by the next fiscal. Geographic advantage of Debt-ridden & loss-making Ispat works in favor of JSW Steel. Besides, JSW will be entitled for relief in VAT by selling Ispats products in Maharashtra. Currently, even Tata Steel & Arcelar Mittal are also not getting approval for setting up a new plants. So takeover of Ispat puts JSW in an advantageous position. For the fiscal 200910, JSW steel earned profit of Rs. 1,598 crore on a turnover of Rs. 19,074 crore, while the market capitalization of the firm stands at Rs. 26,500 crore. The company is buying out 41.3% stake of Ispat at a cost of Rs. 2,157 crore. This puts enterprise value of Ispat at Rs. 12,600 crore. Currently, the benchmark for steel replacement cost is around $ 1,000. Against this, cost of this deal works out to be $845. Following takeover of Ispat, JSW Steel will become a behemoth in steel industry. Investors can park their money in this stock for medium- to long-term horizon for a target of Rs. 1,350.

s on Dec. 29, 2010 /- (Fixed Price)

Issue Allocation

Dalal Street

er of Polyester Textures Yarn & alled capacity of 13,200 MTPA n with installed capacity of 600 cturing PTY with a total project g Facility of 14200 MTPA with

HNI Retail

6000000 6000000

Register Sharex Dynamic City : Mumbai

rs hispe W Shipyard (Rs. 80.00) Pipavav

Business of yarn manufacturing is entering the capital market on cum diversification plan. The Company is offering 120 lacs ns on December 27. The shares will be listed both on the BSE dra and Masat in Dadra and Nagar Haveli and third unit Naroli

Ravi Kumar Distilleries Ltd. Basis of Allotment

Shares 100 200 300 400 500 600 700 800 900 1000 1100 1200 1300 1400 1500 Allot Ratio 100 16:25 128 1:1 191 1:1 255 1:1 319 1:1 383 1:1 447 1:1 510 1:1 574 1:1 638 1:1 702 1:1 766 1:1 830 1:1 893 1:1 957 1:1

Shares
1600 1700 1800 1900 2000 2100 2200 2300 2400 2500 2600 2700 2800 2900 3100

Allot
1021 1085 1149 1212 1276 1340 1404 1468 1531 1595 1659 1723 1850 1914 1978

Ratio
1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1 1:1

(Code: 533107) :- This ship building company from private sector has recently signed MOU with SAAB Dynamic, Sweden based company in order to foray in to Army and Air force segment. Market may witness some fancy in the share next week. Adani Power (Rs. 127.00) (Code: 533096) :- The company from prestigious Adani Group has recently started countrys first ever super critical power plant having 660 MW at Mundra, Gujatat. With addition of this plant the total power generation capacity of the company would increase to 1980 MW making it countrys third largest power generating company from private sector.

Pipavav Ship. : Company has signed an MOU with SAAB, Sweden based Co. Adani Power : Company has started countrys first super critical power plant at Mundra Sathvahan Ispat : The company has set up new unit of coke oven batteries at Bellary Jayswal Neco : Relince Mututal fund has purchased huge chunk of shares via bulk deal Arvind Mill : The stock is undervalued at current market price Saag RR : The company may get huge orders from neighboring countries Astra Microwave : The company has fixed Dec. 31 as record date for bonus share Uniphos : The board of directors has approved proposal of right issue Sugar Shares : The price of all sugar shares may move up following future trading of sugar KLG Systel : Leading market players and operators are very bullish
definitely go up following this development.

wati Poly-Yarn Ltd.

this IPO indicating poor fundamentals

Saag RR (Rs. 40.00) (Code: 531374) :- This infrastructure company has billion dollars contracts in its kitty and is all set to fetch some huge orders from neighboring countries like Shri Lanka and Bangladesh

per cent following this development and still it would go up as it is expected that the company may offer its right share at very attractive price.

value is Rs. 22.11 and offer price is Rs. 30 fixed

Astra Micro (Rs. 64.00) (Code: 532493) :- The board of directors of the
company at its meeting held recently approved the proposal of bonus share in ratio of 1:2 and also fixed Dec. 31 as a record date for the same. The price ma go up as record date is approaching near.

orded excellent and its RONW is also high sive indicating to refrain from this IPO
Comparison of the co with Peer Group
Company Name Equity NAV EPS PE (Rs. Cr.) (Rs.) (Rs.) Ratio Filatex India 17.14 55.80 10.20 4.5 Century Enka 21.85 266.60 31.80 6.80 Sumeet Ind. 39.99 17.60 4.70 5.70 Shekhawati Poly-Yarn 1.64 78.42 3.04 9.87

J. Kumar Infra (Rs. 179.00) (Code : 532940) The price of this share has
been increasing since last four sessions. The company has recently fetched order worth Rs. 37 crore and would fetch some more orders very soon. It is best bet for short term.

ok value is Rs. 22.11 and offer price is Rs. 30 fixed its reserve fund before it filed its DRHP with SEBI h suggests very poor fundamentals compared to its

Sathvahan Ispat (Rs. 53.00) (Code: 526093) :- The company has

recently commenced commercial production at its coke oven batteries plant set up at Bellary, Karnataka. Market may witness some current in this scrip next week.

Uniphos Enter (Rs. 39.00) (Code: 500429) :- The board of directors of the
company at its meeting held recently approved the proposal of its right issue worth Rs. 75 crore. The price of the share may move up following this development as it is expected that the company may offer right share at very attractive price.

www. smartinvestment.in

India Infoline (Rs. 83.00) (Code: 532636) :- The company from broking
sector has paid up equity of Rs. 58 crore and the face value of its share is Rs. 2. The company has announced its buyback offer at Rs. 99 which is 13 per cent more than current market price. The price of the share may definitely touch to Rs. 99 very soon.

Visit Counter

Jayswal Neco (Rs. 30.00) (Code: 522285) :- The price of this share has
crashed to its bottom level following report of cancellation of its mining license. Interestingly Reliance Mutual Fund has recently purchased some remarkable chunk of lots via bulk deal.

27,96,444
For Daily tips IPO News & Grey Market Premiums Free of Charge Visit Our Website

Shakthi Sugar (Rs. 58.00) (Code: 507315) and Dhampur Sugar (Rs.
78.00) (Code: 500119):- the price of most of the sugar shares may surge up following the government has given its nod to export sugar up to 5 lakh ton beside it has also given it go ahead signal for future trading of sugar.

3.04 and diluted EPS of Rs. 2.36 for the FY 2009-10 nt performance during September quarter as it has or the same period. ed with 9.87x PE based on its EPS of Rs. 3.04 (as on x is offered with 4.5 PE, the share of Century Enka is d with 5.70 PE indicating this IPO is most expensive.

Arvind Mill (Rs. 64.00) (Code: 500101) :- The company, based in

Ahmedabad, may very soon announce about its land development project. As per some analysts the share is still undervalued. The price of this share would

Sumeet Industries (Rs. 25.00) (Code: 514211) :- The board of directors of the company at its meeting held recently approved the proposal of its right issue worth Rs. 60 crore. The price of the share moved up 2.5

KLG Systel (Rs. 87.00) (Code: 531269) :- Some market players are
on buying spree for this share since last many sessions as the company has fetched a lucrative power management order. The price may touch to three digits very soon.

Financial Weekly

20th Dec. to 26th Dec. 2010

Market Scan
Nifty have formed a Flag formation Stocks Recomm. Target Reached Lot Profit and a breakout is in place and the Buy Aurobindo 1323 1350 1348 250 6250 immediate target Buy TCS 1140 1164 1177 500 18500 will be at Sensex Buy OFSS 2251 2328 2335 125 10500 20316-20598 and Nifty 6087-6185. Buy Tata Steel 660 680 683 500 11500 Majority of the Buy Chennai P. 243 252 250 1000 7000 oscillators are in Total 53750 Buy mode. MACD for the Sensex is in Buy mode and has just turned positive. ROC has also signaled a Buy and continues to stay above the centerline. RSI (54), too is in Buy mode. Money Flow Index is at 53 and is in Buy mode and the OBV continues to move higher, while still being in Buy mode. The ADX is at 23, suggesting that the trend is getting weaker. The Directional Indicators are in Sell has been added to the 6000 Put, sugmode as -DI continues to be above gesting that the Put writers expect +DI, but they are converging. some support to come in at 6000 levThe O.I. PCR is improving and is els. The Trendline Support for the currently at 1.50. This is due to the Sensex is at 19590 and for the Nifty increase in confidence of the Put writ5875. For the week ahead, Sensex will ers. For the January series, highest find Support at 19877-19687-19423 Open Interest build up is seen at 6300 and will find Resistance at 20267Call and 5800 Put. The Option writers 20452-20669. For the week ahead, expect trading range between 5800Nifty will find Support at 5963-59086300 for the next month series. On Fri5855 and will find Resistance at 6084day, just as the Nifty managed a close 6151-6222. above 6000, very high open interest and NSE Nifty recorded net weekly gain of 62.85 points. Thus this was second positive week ahead of derivatives expiry. Food inflation sharply rose to 12.13% and caused major worry for market men although it is not within the purview of RBI. Rupee hovered around Rs. 45.20/25 during the week keeping tab on IT counters. Crude again rose above 91$ a barrel and created concern on further hike in petroleum products. As FIIs will be on their year end Xmas vacation, operators will be in command and valuation game will be at play. Under the circumstances, in absence of any major negative triggers on global front or at domestic level, BSE Sensex may remain in the range of 19000-21000 NSE Nifty between 5850-6150. Ravikumar Distilleries is getting listed on 27.12.10. expected to be in northward direction. Low floating stock makes it a bumpy counter as well. It quotes around Rs.124.05 against 52 week high/low of Rs. 234/99, FV Rs. 5)

SMART
INVESTMENT

(Continued from page 1)

will signal a resumption of the uptrend and a possible move towards the testing of previous high (Sensex 21108 and Nifty 6338). In the immediate future, the first resistance for the Sensex will be at 20217, which was the intermittent high and 6069 for the Nifty. Just above this level, lies the 61.8% retracement, as shown above. Hence the Sensex will face the resistance in the zone of 20217-20285 and the same for the Nifty will be 6069-6090. Both the indices have formed a bottom at Sensex 18954 and Nifty 5690. This bottom was tested when the indices went lower (Sensex 19074 and Nifty 5721) without breaching it. Hence in the short term Sensex 18954 and Nifty 5690 assumes lot of significance. The long term trend will remain intact as long as Sensex 17819 and Nifty 5348 remains intact. In the current upmove an upward gap was left behind on the Sensex i.e. between 18845-18823 and now this gap is likely to act as a support. One can expect some support coming in at this level. In the short term both Sensex and

Last Weeks Recommondation

Chart Buster (Continued from page 1)

The arrivals are expected to increase in the days to come and have their telling on the situation. The world oil market has witnessed an increased demand as entire America and the Europena nations have been witnessing one of the toughest winters this year. The crude oil price has shot up to the two years' high of above 92 dollars. The intelligence agencies have sounded an alert note of terorist attacks lurking over leading cities like Mumbai, Delhi, Amdavad, Bangalore etc. and there is a growing concern over the reservation agitations launched by Gujjars in Rajasthan which might spread to other states with more communities coming forward to demand reservations and other benefits in government jobs and others. These are all negative factors that might cripple the nation's economy and come in the way of achieving the desired GDP growth. However, most of these negative factors are short-lived in nature and will gradually either disappear or get tamed within a very short period. In the meantime, a few positive factors like corporate numbers for the third quarter ending December might help the markets to score gains. The stalemate over the appointment of the Joint Parliamentary Committee might also be sorted out within a short period. The crude oil market is expected to cool down once the winter season in Europe and America gets over. Such likely positive developments in the next few weeks might start getting discounted in the stock markets from January onwards and if the markets will have to go up from January onwards, they might show sparkling effect on stock market prices in the last trading days of the new week which would be the last one of the Calendar year 2010.

Experts Eye (Continued from page 8)

On Thursday too markets opened higher but profit booking kept indices under check with fresh worry over food inflation that surged to see double digit level at 12.13%. BSE Sensex closed with a loss of 32.92 points at 19982.88 and NSE Nifty ended the day at 5980.00 with a loss of 4.0 points. Thus Sensex too closed under the sentimental level of 20K. While heavy weights remained dull on selling pressure at every rise, metal and auto counters witnessed profit bookings at higher levels. However, select pharma stocks surged on renewed support. Aurum Soft announced bonus in the ratio of 1 share for every 2 shares held. A2Z got listed and fared poorly (quoting below the offer price) on debut day despite R K Zunzunwalas tag. Polyplex turned ex-bonus (1 for 1) while scrip turned ex-split included Coromandel Intl (2 for 1), EID Parry (2 for 1) and Surya Pharma (10 for 1). On Friday markets opened lower trailing weak Asian markets. However, post noon it recovered to close in green with afresh buying on select counters. R Com lead the rally and Reliance group surged. Although metal and banking stocks lead the doom for early morning trades, sugar and auto sector gained ground. In particular, tyre counters surged on the reports of cut in custom duty of imported rubber. Kirloskar Oil got listed on BSE. Chartered Logistics turned ex-bonus (1 for 1). During the week BSE Sensex posted net weekly rise of 208.81 points

Jindal Poly (BSE Code 500227) :- Jindal Poly has earned

net profit of Rs. 114.34 crore on a turnover of Rs. 1242.97 crore for H1 of current fiscal. For entire 09-10 the company posted net profit of Rs. 176.30 crore on a turnover of Rs. 1591.00 crore. As the equity capital has now doubled post 1 for 1 bonus issue in October 2010, it still has huge free reserves. If rise in turnover is any indication, the company is poised for bright prospects ahead. Scrip is worth accumulating at every decline. It hovers around Rs. 523.15 against 52 week high/low of Rs. 1400/333, FV Rs. 10.

Arihant Capital Markets :- Arihant Capital market share became ex-bonus and ex-split sometime in the month of September, 2010, and established a high of Rs 85 at that time on ex-bonus and ex-split basis. Co-incidently, the general trend in the market turned bearish almost at that time and therefore, the share of Arihant Capital Markets started to going down until it reached at low of Rs 30.75 a couple of weeks ago. After hitting the low of Rs 30.75, the share resumed its uptrend but at a very slow pace and got lifted upto Rs 36.30 on Friday of the last week before closing at Rs 36.20 and above its short-term moving average that was at Rs 34.52 on that day. Thus, the share has resorted to its uptrend after bottoming out at Rs 30.75 and also surfaced above its short-term moving average which both being technical indicators that suggested a further uptrend in the scrip and therefore, it is recommended for buying. However, the buy recommendation is based solely on technical indicators, those who implement the same must restrict their view to only short-term or speculative gain. Since the current market price for this issue is just close to its recent lowest level, involves little downward risk whereas it is far below the recent best, offers potential for gain.

Arihant Capital
90 85 80 75 70 65 60 55 50 45 40 35 30 25 O H L C V E E E

ARIHA CAP MA-Dly .15/09/10-24/12/10 B-511605 Price E M A(12) E M A(48) E M A(100) 85.70

TREND

F 24/12/10 35.80 36.30 34.20 36.20 3.11 34.52 42.44 49.18

30.75

XS XB

10

Falcon Tyres (BSE Code 509527) :- Falcon Tyres has reaped

the benefit of auto boom as express by its working. For 12 months ended 30.09.10 the company has earned net profit of Rs. 51.63 crore on a turnover of Rs. 788.10 crore against net profit of Rs. 30.00 crore on a turnover of Rs. 783.86 crore for 18 month period ended on 30.09.09. Thus the company has done spectacular performance and is poised for bright prospects as auto sector is still booming. Promoters equity above 84% in an equity capital of Rs. 17.04 crore makes it a case of either buy back offer candidate or stake dilution candidate and thus on both counts some market price movement is

Patel Engg (BSE Code 531120) :- Patel Engg has posted

improved performance for H1 of current fiscal with a net profit of Rs. 83.67 crore on a turnover of Rs. 1468.22 crore against net profit of Rs. 77.03 crore on a turnover of Rs. 1250.98 crore for corresponding previous half. For entire 0910 the company reported net profit of Rs. 198.16 crore on a turnover of Rs. 3190.93 crore. Equity capital of Rs. 6.98 crore is supported by free reserves of Rs. 1440 crore making it a multibagger as well. The company is also going for hydro power project. As it is quoting near low it is worth adding in ones portfolio. Scrip is quoting around Rs. 314.75 against 52 week high/low of Rs. 500/293, FV Re. 1

Jumbo Bags :- The writer is unaware of the quality of the management, its financials and track records and still recommends Jumbo Bags' share for buying and the recommendation is based only on technical grounds, and therefore also suggests that buying must be for a short period and more of a speculative nature. The share of Jumbo Bags recently bottomed out at Rs 32.50 in the month of May 2010, and after fluctuating narrowly slightly above that bottom level, it then shot up to Rs 62.50. The share, however, corrected upto a low of Rs 43.55 and thereafter continued to move in a range between Rs 43.55 and Rs 62.50 for quite sometime and then jumped significantly up in November and reached a high of Rs 78.20 in just a few trading sessions. Since the rise was at an electrifying speed, a correction that followed was also a speedy one, and because it was speedy one, it dragged the market quotation for this issue to a low of Rs 32.10 on Tuesday of the last week. Since the share was pushed too much down buying support in this scrip increased and that helped it rise in the last week by forming three bullish gaps. On Friday, the last trading day, the share rallied upto Rs 44.90 before closing at Rs 44.10, a level which is above its short-term moving average that ruled at Rs 41.18 on that day. The moving average has also curved upwards especially after the share rose significantly in the last week. These being technical indications that suggest further rise in the price and therefore suggested for using them for speculative buy transaction in the scrip.

Jumbo Bags

JUMBO BAG LT-Dly .29/04/10-24/12/1 Price E M A(12) E M A(48) E M A

78.2

62.50

43.55

32.50 10 J J A S O N

Stock Wave (Continued from page 8)

On the down side, it may get support at 910 & 895. If it goes above 960 level, it may rise in the range of 990 to 1035. Divis Labs (635.95) : The stock has rebounded from the bottom of 590. It is overbought on daily basis and oversold on weekly & monthly basis. On the down side, it may get support at 616 & subsequently at 605. On the upside, it may face resistance at 648 & 678. Bank Nifty (11533.85) : This future is witnessing sideways movement after hitting bottom of 11041.65. While it is neutral on daily basis & oversold on weekly basis, the position on monthly basis is from overbought to neutral. If it crosses the level of 11675, it may extend gains to 11755 & subsequently may touch 11900. Reliance (1059.55) : The stock is moving northwards after making bottom of 977.20. While it is overbought to neutral on daily basis, on weekly & monthly basis the position is neutral. On the flip side, the stock may get support at 1040-1035. On the upside, it may go up to 1075 & 1120.

Track News Track

RBI move to boost liquidity will spur growth IMC
According to Indian Merchants Chamber the Reserve banks announcement of reducing Statutory Liquidity Ratio (SLR) by one per cent from 25% to 24% will immediately make available additional liquidity to the tune of about Rs 48,000 crore to the commercial banks for lending to various productive sectors, enabling them to reinforce the growth momentum. In a statement issued in the wake of the RBIs quarterly monetary policy announcement, on December 16 IMC President, Mr Dilip Dandekar, pointed out that the RBIs move was significant in that it reduced only SLR while retaining all other key rates such as CRR, the Repo & Reverse Repo Rates, intact at the existing level. Obviously, it is a well calibrated step to ensure a fine balance between the growth needs on the one end and the need to stem inflationary forces on the other. We wholeheartedly welcome this step, he said.

Subros Ltd. :- Subros Ltd. is one of the companies that came into being to supply various parts and components to Maruti Udyog when the company was established. The share of Subros Ltd., after getting favour from a few reputed broking houses, had recently shot up to Rs 55.75 and that happened sometime in the month of September this year. The markets turned bearish post September and so did this share. It joined the general downtrend in the market and reached a low of Rs 38.25 in the initial trading sessions in the month of December this year. Since the share was marked down too much, it started to move in a narrow range with an upward tilt, which, in the last week, gained momentum and that helped the share to close the week as well as the day, at Rs 44.90 in the buyers' circuit. Besides, it crossed over two moving averages, the shor-term as well as the medium-term. These being bullish signs for the scrip, might take the price further up and therefore, it is recommended for buying for speculative or shor4tterm gains.

Subros Ltd.
56 54 52 50 48 46 44 42 40 38 36

SUBROS LIMIT-Dly .16/08/10-24/12/10 B-517168 Price E M A(12) E M A(48) E M A(100) 55.75

TREND

F 24/12/10 O H L C V E E E 42.90 44.90 42.90 44.90 13.96 41.85 43.91 45.68

38.25

10

Smart Tips
(Continued from page 8)
cent growth in its C & P segment during FY 2010 and is all set to achieve 55 per cent growth in the same segment during next two years. It is also expected that the EBIDTA margin would increased to 25.9 per cent from existing 18.5 per cent thanks to its improved C & P segment. The company has registered an excellent performance during September quarter and it is expected that it would post the net profit of Rs. 811 crore on sales of Rs. 12116 crore during FY 2011. The stock is currently quoted with ratio of 6.2 PE. Investors must add this stock in their portfolio for long term investment.

Geometric Ltd (Rs. 72.00) (Code: 532312) :- The company,

based in Mumbai, provides IT engineering solutions to automotive, aero space, software, OEMs, Hi-Tech and heavy engineering companies since last ten years. The company, having market cap of Rs. 448 crore, has registered the loss of Rs. 0.06 crore on sales of Rs. 57.87 crore achieving quarterly EPS of Rs. 0.01 and cash PES of Rs. 0.30 for the period of September quarter. The management of the company is expected that the net profit would increase 17 per cent during next three years. The order book of the company is also very robust and healthy indicating bright future of the company. Investors can bet on it from midterm per-

spective.

Fairfield Atlas (Rs. 63.00) (Code: 520145) :- The company is

engaged in production of engineering equipments for construction, energy, mining and agriculture sector besides it manufactures gears for automobile sector. The company is currently supplying its products to various original equipments manufactures based overseas and domestic. The production capacity of its US based subsidiary has also increased significantly during current FY that would definitely prove positive factor for this company. The company has posted the net profit of Rs. 5.87 crore indicating 325 per cent jump on sales of Rs. 37.94 crore for the period of September quarter.

Disclaimer :- Investment recommendations made in Smart Investment are for information purposes only and derived from source that are deemed to be reliable but their accuracy and completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any liability for the use of this column for the buying or selling of securities. Readers of this column who buy or sell securities based on the information in this column are soley responsible for their actions. The author, his company or his acquaintance may / may not have positions in the scrips featured herein

Financial Weekly

SMART
INVESTMENT

20th Dec. to 26th Dec. 2010

Scrip Watch
Essar Shipping (RS. 101.00) (Code: 500630) :- The company has
recently got nod from its share holders to de-merge its ports and shipping business. Its port division handles 76 MT cargo shipment which may grow up to 158 MT till FY 2013. The new company named ESSAR PORT would come into existence with proposed demerger which would be allotted 25 vessels and 13 rigs.Its port business has achieved turnaround position by registering the net profit of Rs. 8.81 crore indicating its top line increased with 70 per cent growth to Rs. 336.9 crore during September quarter. It may be recalled that the company, during last August has merged its shipping. Port and logistic business under one umbrella named ESPLL but now its share capital would be divided in ratio of 2:1. As per this plan the share holders would be allotted 2 share of Essar port and 1 share of Essar shipping against each three shares of ESPLL. Tata Chemical (Rs. 393.00) (Code: 500770) :- The proposed acquisition of British Sault would be most positive factor for this very old Chemical company. The company is going to acquire this overseas company in order to plug in domestic demand as well as raw materials for its plants. The company has recently signed an agreement with Booner Monde British Sault to take it over for the consideration of Rs. 656 crore. Of cource the stock of this company became under performer for the period of September quarter thanks to its poor performance for the same period. The 45 per cent of its total business is incurred from its Soda Ashe division. The long term investment in this company would definitely yield handsome return. D.B. Corp (Rs. 260.00) (Code: 533151) :- This leading media company has very strong presence across 13 state of the country with its 7 news paper and 52 editions in Hindi, English and Gujarati which is a publishers of esteemed Hindi news paper Dainik Bhaskar and Gujarati news paper Bivya Bhaskar. Its print business is increasingly growing and its ad revenue also grows jumps and leap. The company may post the net profit of Rs. 243 crore on sales of Rs. 1231 crore for the FY 201011. Investors can yield very handsome return if they opt for midterm investment. Lumax Industry (Rs. 281.00) (517206) :- The leading company active in automotive lighting business has clients like Maruti and Honda motors and it is engaged in production of head lamp, tail lamp, sundry and auxiliary lamps. The company holds 60 per cent market share in this segment and 60 per cent of its total income is incurred from passenger segment. The company is all set to set up a new plant at Sanad, Gujarat in order to supply its product to NANO, brand of Tata motors. The company has technical and financial collaboration with Japanese firm since last 28 years. Its sales has increased with 26 per cent growth and its net profit has zoomed with 100 per cent growth during September quarter. Investors intends to invest for at least two-three years must grab this stock. Punjab National Bank (Rs. 1,218) (Code: 532461) : Punjab National Bank is the second largest public sector bank of the country with a total market capitalization of Rs. 38,000 crore. The bank was nationalized in 1980 and it entered capital market with a public issue in 2002. Since then, the bank has registered impressive growth in advances with attractive margins. In the first half of the current fiscal, the bank witnessed 27% growth in advances & 45% increase in interest income. Its net profit increased by 18% to Rs. 1,074 crore. The bank is continuously expanding and plans to add new 350 branches in its existing network of 5,000 branches. During the 115-year banking history of the country, PNB had merged 7 small banks with itself. Institutional investors hold 17.80% stake in the bank and its stock is being traded at 2.1 times higher than its book value. Against this, stock of SBI is being at the multiple of 2.4. The current PE multiple of the stock is around (, which is quite lower when compared to other peers. Investors can look forward to this stock for long-term investment.

INVESTMENT VIEW & MARKET GUIDANCE kukkuji

Chemfab Alkalies Ltd. :- Co. is another good stock in the sector of caustic soda& clorine business, company has reported encouraging results for the 1st half as sales went up by 6 % to 46 crs while net profit shot up by 82 % to rs 5.61 crs on small equity base of rs 4.59 crs . If 1st half profits are any indication full year eps likely to be between 12/13, company has good track of dividend , as it paid 50 % dividend on five paid up face value stock.Promoter holding is 74.90 % . Investors can safely accumulate this stock for target price of rs 90 over next 6 months time . Mukand Engg. :- The business of the Company continues mainly in the areas of Supply and Erection of equipment for Power Generation Plants, Integrated steel Plants, Aluminum Plants and Hydrocarbon Plants. The contracts cover erection of mechanical plant, Structural Works, Piping Works and Electrical works. The Company also undertakes Engineering and Project Management jobs for rolling mills in Steel plants and Electrical works at Power plants. During the year 09/010, the Company booked new orders valued at Rs.1,035.30 Million. These include Fabrication & Erection of Structural of Aluminum Smelter and Steel Hot Strip Mill in a steel plant, Equipment Supply, Cabling package, Earthing & Lighting protection electrical systems in a power plant and specialized shut down job in Refinery. Business in the current year is expected from expansion projects in Hydrocarbon Industry as well as in Aluminum, Integrated Steel Plants and Kiri Dyes (Rs. 421.00) (Code: 532967) :- The company,
based in Gujarat, is engaged in production of re-active dyes and inter mediates and has currently 18000 tons production capacity of re-active dyes which gets direct support of raw materials and intermediates. The company has also chalked out expansion plan worth Rs. 240 crore for which it had also entered in the capital market with its QIP IPO. The stand alone profit of the company has increased with 45.3 per cent growth and sales has increased with 37 per cent CAGR for the last five years. The company has posted the net profit of Rs. 11.1 crore on sales of Rs. 126.3 crore achieving quarterly EPS of Rs. 5.9 for the period of September quarter. The company has recently taken over Dystar, the Germany based company. The stock is currently quoted with 21.4 PE indicating best chance to take entry. Power Projects for which the Company has received enquiries. The cost escalation is provided in the quotation itself. However, the abnormal increases have to be borne by the Company. The risk of time over runs due to delays on account of client not providing site and other facilities results in higher costs. Such costs are claimed by the Company. These are considered in accounts after realization The turnover in 1st quarter was less as the Clients' sites were not made available as per schedule. The order book position is good, at Rs. 198.59 crores as on date. The Company has loans and interest receivable from certain investment companies who have paid Rs156.00 lakhs during the quarter ended on 30.09.2010,leaving an outstanding of Rs.1280.75 lakhs of loans and Rs 623.33 lakhs of interest.Net worth of these Companies have eroded. The management, based on it's assessment of these parties, expects to realise these dues during 2010-11 & 2011-12. Though 1st half results are not encouraging due to the reason stated above, it is very interesting to note that promoter holding has gone up by 4.88 % during the 1st half of current year. Seeing to good order position, & strong capabilities of management, investors can accumulate this stock on dips for good long term growth.. Balaji Amines :- stock has reacted from high of rs 58 to current levels of rs 41, With expected eps ofrs 9, book value of rs 27, ROCE of rs 22.5 & RONW 25 %, investors can keep watch on this stock for investment. Those having booked profit at higher

(kukkuster@gmail.com)
levels can think of accumulating it back on dips . Atlas Copco part of profit booking was advised, investors can continue to hold remaining lot , as delisting offer likely to give better returns & more over outlook is also encouraging. Sugar sector stocks, recent developments like allowing of export, future trading, & increase in the levy prices are in line to the expectations . sugar prices have firmed up well & likely to firm up further. investors can continue to hold good stocks like Rajshree sugar, Andhra sugar, Renuka, Dwarikesh, triveni engineering , Balramput chini just to name the few for good medium term returns. GSFC is another good stock which investors can continue to hold for higher targets.

Dharamsi Morarji Chemicals, restructuring is said to be taking

place which like to benefit company over long run. Investors having good patience, can accumulate small qty on dips on high risk high gains basis. Saraswati ind syndicate , which is an engineering giant company & also in sugar sector, looks good for investment on dips . Andhra sugar If past track record is any indication, dividend is likely to be maintained at around 50 % with expected book value of around around Rs.150 at year end, Gross block of Rs. 743 crs debts of Rs.210 crs & MCAP of Rs.291 crs. It has investment in Jocil & Andhra petro worth of rs 141 crs , stock looks attractive for investment at current levels . oil segment thanks to its product of refined Sunflower Oil. Currently, the company has two business divisions namely branded foods & institutions. The branded food division has two main products Sundrop & Act no 2. The later one is the leading popcorn brand. In the institution segment, the company trades in grains, oils and seeds. Companys total sales grew by 17% to Rs. Rs. 189 crore during the quarter ended on 30 September, 2010, while its net profit during the same quarter increased by 29% to Rs. 7 crore. Under its expansion plan, the company is setting up a piner butter plant in Gujarat. The company distributes all of its products through around 1 lakh depots and it plans to increase the number of depots by three times in next two years. With EPS of around Rs. 11 for the current fiscal and estimated EPS of Rs. 14.40 for the next fiscal, the PE multiple of the companys stock at current price works out to be 24, which indicates scope for capital appreciation in medium to long term.

Market Tips
United phosphorus (Rs. 157.00) (Code: 512070) :- The
company has launched takeover and acquisition campaign in order to diversify its products portfolio. The company has recently taken over LLAC, US based top crop protection rice company in order to strengthen its overseas presence. The company, engaged in production of generic agro chemical, has posted the net profit of Rs. 81.36 crore on sales of Rs. 795.82 crore achieving quarterly EPS of Rs. 1.84 for the period of September quarter. It has been heard from the street that domestic fund houses and mutual funds have invested very huge chunk of amount in this company indicating its potential. It is really a best bet from long term perspective.

Fantastic Future

Parthiv Jhaveri 9824333800

Continue close 2 days above 6050 tham nifty future lead upto 6120/6180 level
Nifty Future- (6040) On the way up key a Major resistance at 6068 Closing above 6068 tham nifty lead to 6120/6161area. below 6003 strong support at 5961. do not short at near lower level. Rel. Capital (658) Buy at decline at 652 for objective of 680/700 area. break above 700 than should lead the stock towards 740 area. Keep stop below 638 area. Very positive bias for this stock. Gail (512) buy at cmp for objective of 525/535 area. Now break above 535 than should lead the stock towards 552 area. Keep stoploss below 504 area. Very positive bias for this stock. Areva (324.5) Intimate buy position in December future on any dips to 320 area. For an objective of 333/342. A break above 345 will stock indicate strength in the upmove. stoploos below 316. Chambal Fert. (85.75) Intimate buy position in December future on any dips to 84 area. For an objective of 91/95. keep stoploos below 83. Godrej Ind.(183.5) Intimate buy position in December future on any dips to 180 area. For an objective of 190/195. A break above 195 will stock indicate strength in the upmove. stoploos below 177. CESC (373) Buy future at any decline rate nr. 368 with stoploss below 363 area for an objective for 385/395 area. intimate 7 days position. Ranbaxy (575) Buy future at rate nr. 570 with stoploss below 564 area for an objective for 592/609 intimate 5 days position. Orchid Chem (288) Buy future with stoploss below 284 for an objective for 295/302 area. intimate 5 days position. Divis Lab. (638) Buy future with stoploss below 623 for an objective for 660/675 area. intimate 5 days position. NHPC (28.20) Buy January future at any decline rate nr. 27.75 with stoploss below 27.5 area for an objective for 31/33 area. intimate 7 days position

Jagran Prakashan (Rs. 127.00) (Code: 532705) :- The

company has very strong presence in northern states not only that but it has also secured its place in English print media by acquiring MID DAY, the English and Gujarati daily published from Mumbai. The ad revenue of this company has increased very significantly after it took over Mumbai based daily. The company has registered the income of Rs. 283 crore indicating 12 per cent growth compared to last years figures. The Black Stone, the private equity investor had evinced its keen interest for this company and it had invested very huge amount in this company. The company has very low debtequity ratio besides it is paying dividend to its share holders on a regular basis. Investors can add this stock in their portfolio from mid to long term perspective.

Agrotech Food (Rs. 358) (Code: 500215) : The company

owning flagship brand like Sundrop has cornered a major chunk of market for

Buy Call
Pennar Ind. IFCI Arvind Mills Sathvahana Ispat Navneet Pub. Archies Camlin Fine. Apollo Tyres Astra Micro Sakthi Sugar PTC India KCP Sugar Nitin Fire 49.00 65.00 64.00 53.00 62.00 44.00 75.00 65.00 65.00 58.00 124.00 19.00 79.00

Buy on every deep

MOIL ABG Infra Jubilant Food Tata Chem. McNally Bharat Sintex J. K. Tyre Simplex Infra Orchid Chem. Dhunseri Petro Godrej Consumer Welspun Corp. Unity Infra Jagaran Prakashan 448.00 191.00 632.00 391.00 210.00 179.00 136.0 414.00 288.00 193.00 392.00 171.00 89.00 128.00

IM Sorry....

Sharon Gupta

Pencil : I'm sorry.... Eraser : For what? You didn't do anything wrong. Pencil : I'm sorry cos you get hurt bcos of me. Whenever I made a mistake, you're always there to erase it. But as you make my mistakes vanish, you lose a part of yourself. You get smaller and smaller each time. Eraser : That's true. But I don't really mind. You see, I was made to do this. I was made to help you whenever you do something wrong. Even though one day, I know I'll be gone and you'll replace me with a new one, I'm actually happy with my job. So please, stop worrying. I hate seeing you sad. :) I found this conversation between the pencil and the eraser very inspirational. Parents are like the eraser whereas their children are the pencil. They're always there for their children, cleaning up their mistakes. Sometimes along the way... they get hurt, and become smaller (older, and eventually pass on). Though their children will eventually find someone new (spouse), but parents are still happy with what they do for their children, and will always hate seeing their precious ones worrying, or sad.

Mcnally Bharat (Rs. 210.00) (Code: 532629) :- This engineering

company, having technical collaboration with some giant companies, is providing various solution on turnkey basis to power, steel, aluminum, materials trading, mineral beneficiation sectors. The company has registered 22 per cent growth in sales and 66 per cent growth in net profit for the period of September quarter. Considering its healthy order book, project implementation and business restructuring the future of this company seems very rosy. The price of this share has recently corrected to som lower level which provides best opportunity to take entry.

Hold
LMW Patni Computer Divis Lab LIC Housing Reliance Infra Titan Aban Off. Infosys Rel. Cap. B. F. Utilities Tata Steel Glenmark Havells 2340.00 489.00 636.00 939.0 815.00 3461.0 739.00 3370.00 654.00 844.00 673.00 357.00 393.00

Sell Stocks
Wockhardt BPCL Suzlon King Fisher Nalco Jet Air. HPCL IOC Bajaj Auto M&M 361.00 672.00 51.00 61.00 381.00 703.00 399.00 354.00 1445.00 760.00

27th Dec. to 2nd Jan. 2011

Nifty F & O Range @ 5970 to 6147 point in short Term

Dear Friends, NIFTY FO CLOSED @ 6040 AS ON 24.12.2010..!! NIFTY FO has resistance at 6097 6109 Level; above which other resistance levels are at 6119 6147 Level with highly Volatile Trend, In Downside support levels are at 5970 5930 Level; below 5930 Level, other support levels are at 5909 5880 Levels. I am positive for next week above 6147 Level but be with

MARKET TREND
NIKHIL BHATT (+919979380808)
WWW.INVESTMENTPOINT.IN
1. JSW STEEL (1175) : It is suggested to buy @ Rs 1161 with SL of Rs 1157 for the target of Rs 1193 1207; below Rs 1157 it can fall up to RS 1143 1130 levels. If it crosses Rs 1207 level than expect nonstop rally up to Rs 1230..!! 2. TATA MOTOR (1310) : Operator based Game start in this stock, Buy @ Rs 1297 With SL of Rs 1290 for the target of Rs 1333 1350 level below Rs 1290 it can show further downfall up to Rs 1270!!! 3. REL POWER (155) : Buy delivery of this stock near @ Rs 151 with SL of Rs 149 for the target of Rs 163 169 level. It is very good for medium term position also!!! 4. DENA BANK (115) : This stock is looking very good to buy @ Rs 109 with SL of Rs 103 for the target of Rs 129 133 Levels below Rs 103 stock shall witness free fall!!! 5. HDIL (190) : Buy @ Rs 187 levels considering minor support of Rs 181 and stop loss of Rs 177 for an upper

target of Rs 199 203 levels. Below Rs 177 it can slip up to RS 173 166 levels!!! 6. SESAGOA (315) : Operator based buying has been there in this stock. Buy @ Rs 303 with SL of Rs 297 for the target of Rs 330 343 levels it is very good for long term position also!!! 7. ABAN OFFSORE (742) : Trading point of view Buy @ Rs 733 With

INVESTMENT Market Scan (Continued from PageDimple Shah 1) Smart Tips

Berger Paints (Rs. 109.00) (Code: 509480) :- The company, having annual turnover of Rs. 1900 crore, is the second largest decorative company of the country. The Indian paint companies have recovered significantly after recession period of 2008-09 thanks to reduced price of crude oil and increased demand in domestic market. The performance of this company has improved gradually since last 8 quarters as its net income has increased with 22 per cent growth and its net profit has increased with 31 per cent growth beside its operating margin has also went up to 10.4 per cent from 0.3 per cent. Investors can bet on it for midterm investment. Pennar Industries (Rs. 49.00) (Code: 513228):- The company has diversified itself from steel production to manufacturing and value added products as the management strongly believes that this sector would be most productive prosperous and progressive compared to steel sector. The company, earning annual income of Rs. 954 crore, is currently engaged in production of cold roll steel, pre-engineering system, engineering components and crash barriers besides it has capacity to manufacture engineering components having production capacity ranging from 20 to 600 MT. The sales and the net profit of the company has increased 40 per cent for the period of September quarter compared to last years sales and net profit of the same period. The income, incurred from Indian Railway, has also increased 72 per cent. Considering its diversified business portfolio investors can invest from mid to long term perspective. Dish TV (Rs. 65.00) (Code: 532839):- This DTH provider company has registered its growth rate more than expectation. The numbers of its subscribers have also increased thanks to reduced price of set-top box and one month free scheme. It is expected that the numbers of its subscribers would increased significantly during next world cup season begins from February, 2011. The 50 per cent of its total customer base are enjoying gold and platinum pack. The APRU, during August, of the company has also increased to 144 from 139 and management has set this target up to 155 APRU during current FY. The company has posted the net profit of Rs. -13.85 on sales of Rs 326.15 for the September quarter. Piramal Glass (Rs. 107.00) (Code: 532949) :- The leading glass manufacturing company, enjoying 5 per cent global market share with market cap of Rs. 849.08 crore, has registered 44 per

Permitted to post at Ahmedabad PSO on every Monday (weekly) under Postal Regd. No. GAMC - 1703/2009-11. issued by SSP Ahd. Valid up to 31-12-2011

NIFTY

SENSEX

the trend. Let the market decide further moves. As we are saying from many days Buying is suggested in falls only...and its still a better strategy in the given scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!! If NIFTY crosses 6147 Level, again then the upper side target is quite high and it may touch 6210 Level in short term...!!! GOLDEN STOCKS FOR THE WEEK : 27.12.2010 TO 31.12.2010

SL of Rs 726 for the target of Rs 767 777 level below Rs 726 it can show further downfall up to Rs 717.. !!! 8. PRAJ IND (72) : Buy delivery of this stock near @ Rs 69 with SL of Rs 63 for the target of Rs 79 83 level. Its very good for long term position also!!! 9. ONGC (1303) : For medium term buying is suggested @ Rs 1293 with SL of Rs 1283 for the target of Rs 1331 1337 level. Below Rs 1283 it can show further downfall!!!

(Cont.... on P 6)

Smart Super - Duper

Tube Investment (Rs. 152) (Code: 504973) : Tube Investment is a leading engineering company of Murugappa Group having interests in three segments namely engineering, metal form products & cycle-electric scooter components. It runs business of financial services & insurance through its subsidiaries. Promoters hold 51.13 stake in the company. The company witnessed significant improvement on profitability front during the first half of the current fiscal. It earned net profit of Rs. 97 crore on a turnover of Rs. 2,340 crore during the period. The equity base of the company is Rs. 37.03 crore. The firm is expected to register a turnover of Rs. 4,800 crore during the year. Its performance on each of the three segment is quite impressive, which further improve the topline & bottomline of the company. With PE multiple below 13, investment in this stock may prove to be a secure investment. As the downslide in the stock seems limited, one can go for investment in the stock with a time horizon of 6-8 months and target above Rs. 180. IDFC (Rs. 175) (Code: 532659) : Paris-based Natixis Global Asset Management and another Bastain-based AMC recently bought out 25% stake in IDFC AMC for a consideration of Rs. 275 crore, valuing the Indian AMC at Rs. 1,100 crore. The deal has evoked positive response from all corners, as this will help IDFC AMC to establish its presence in global market for AMC. However, according to the analysts, the valuation under the deal is on higher side. Leveraging the infrastructure financing company status, the firm has acquired a leading position in the field through cheap fund and impressive performance. Analysts are also bullish about the stock in a big way. In next one year or so, the stock is likely to offer attractive returns. Investors should buy this stock on every fall. Gujarat Apollo Ind (Rs. 175.00) (Code: 522217) :- The company, having market cap of Rs. 275 crore, is engaged in road construction and machinery maintenance and its product portfolio holds very remarkable market share. The company has also chalked out a plan in order to expand its wings in to mining and conveyers sectors. It may be recalled that the government has focused on infrastructure sector for which it has set a target of USD 63 billion that would definitely create ample opportunities

Bengal & Assam Co : Price of this share may zoom to its new top level soon Persistent System : Company may take over another IT company very soon Nexxoft Infotel : Shapoorji Group purchased 11 per cent equity stake Terrific Shots Lakshmi Cotsyn ::The investment of FII is increasingly growing Karol New Print something is cooking in the kitchen Bengal & Assam Co (Rs. ABG Infra : Buyback offer with 25 per cent more premium 362.00) (Code: 533095) :- Southern Modern Yarn and Spinners, Subex : Overseas company is all set to takeover this company Panchmahal Properties and Dwarkesh Polyplex Corp. : Buy this share for target price of Rs. 400 Energy are the subsidiary companies
of this company which is popularly known as BACL established 63 years ago. The company also holds 90 per cent equity stake in Fenner (I), the market leader of v-belt and oil seal. The consolidated EPS of BACL is worked out at Rs. 27 for the fY 2009-10 and it may increase to Rs. 35 during next FY. It has been heard from the street that the price may touch to its new top level of Rs. 450 very shortly. It may be recalled that Fenner (I) is going to enter in the market with its IPO with premium of more than Rs. 350. The equity of Fenner is merely Rs. 2.48 crore and its reserve are Rs. 225 crore, sales are 300 crore and the book value is Rs. 900. Considering all this figures the real value of BACL could be worked out around Rs. 2000. The company also holds 30 to 50 per cent stake in some blue chip companies like J.K. Tyre, J.K. Paper, J.K. Agri and J.K. Sugar. sate in TATA SONS, the parent company of Tata group.

Coral New Print (Rs. 8.50) (Code: 530755) :- Market has witnessed significant increase in its volume along with price since last two sessions indicating something cooking in the kitchen. It has been heard from the market that the ENAM has purchased some share via block deal.

Shri Lakshmi Cotsyn (Rs. 134.00) (Code: 526049) :- The FII

have evinced their keen interest for this stock as the company is all set to earn handsome income from its retail business established recently. The company has focused on two and three tire cities in order to enhance its sales. Market analysts are hopeful for 20-30 per cent growth of this company next year. The leading mutual fund has also made remarkable buying of this share.

INDEX POINT
INDEX POINT

6200 20400 6100 20000 6000 19600 5900 19200 5800 18800 5700 18400 5600 18000 5500

PV.CLOSE

PRV. Clos

Nexxoft Infotel Ltd. (Rs. 55.00) (Code: 532045) :- The price of this
share had once touched to its all time high level of Rs. 200 but it could not maintain its momentum and plunged to its bootm level of Rs. 50. According to market circle Shapoorji Pallonji group has purchased 11 per cent stake of this company. It may be recaaled that Shapoorji Pallonji Group is the lone private investor having 18.5 per cent

06.12.2010 TO 10.12.2010 19966.93 06.12.2010 TO 10.12.2010 6016.75 13.12.2010 TO 16.12.2010 19508.89

13.12.2010 TO 16.12.2010 20.12.2010 TO 24.12.2010

5879.60

20.12.2010 TO 24.12.2010 19864.85 5966.80

ABG Infra Logistics (Rs. 191.00) (Code: 532682):- The company has offer buy back scheme as it intends to buy back its share at Rs. 244.50 which is 25 per cent higher than prevailing market price.

(Cont.... on P 2)

(Cont.... on P 2)

Despite high volatile drama for every session, markets consolidated ahead of derivatives expiry and the end of calendar year 2010. As we have derivatives expiry on 30.12.10 and the last trading day on 31.12.2010, market will definitely go for value game by then and we might see good farewell to the year 2010 on an optimistic note. Higher advance tax by 18% for Q3 will definitely bring in P/ E adjustments and market will turn stock specific with local operators game plan as FIIs will keep low profit on account of year end holidays. Thus ensuing week is not only crucial but also a week of market mood test ahead of Q3 number announcement Higher food inflation of 12.13% and rising crude prices that surged above 91$ a barrel definitely kept the sentiment under check. Secondary Market :- Although markets opened on a weak note due to poor global trends on Monday indices recovered at the fag end to close in green. We have witnessed mixed trends as BSE Sensex ended the day at 19888.88 with a rise of 24.03 points where as NSE Nifty closed at 5947.05 with a mere loss of 1.70 points. Asian markets turned volatile on the reports of crisis at North Korea. While Auto

Market consolidates ahead of derivatives expiry

Experts Eye
Dilip Davda
e-mail : dilip_davda@rediffmail.com

and IT stock surged, banking counters lagged behind. Claris Lifescience and Zee Learn got listed on BSE. Claris disappointed investors with quote below offer price on debut day. Balkrishna Ind. turned ex-split (5 for 1). Rainbow Foundation and Splash Media both announced rights in the ratio of 1 share for every 1 share held. On Tuesday markets opened higher with a gap and gained further as the day progressed. BSE Sensex

dividend announcements During the Last week

Sukhjit Starch (40%), Gail (India) (20%), Oil India (180%) etc.

Best Buy
Falcon Tyres, Jindal Poly, Patel Engg.

closed with a rise of 171.44 points at 20060.32 and NSE Nifty ended the day with a score of 53.60 points at 6000.65. Thus both bourses managed to close above sentimental levels of 20K and 6K respectively that also brought hat trick of gains. Eased tension at Korea and China showing interest in solving European country crisis boosted the sentiment. Banking, metal stocks lead the rally. Realty counters witnessed technical surge on short coverings. Firm higher opening was witnessed on Wednesday as well but profit booking at higher levels and weak global trends brought selling pressure above the sentimental levels. BSE Sensex ended the day with a fall of 44.52 points at 20015.80 and NSE Nifty closed at 5984.40 with a loss of 16.25 points. Thus three days gaining streak was slapped. Sensex managed to close above 20K but Nifty failed to close above 6K. Shifting patter was seen from heavy weights to small and mid cap counters from operators and local institutions. Metal continued rally for the third day in a row. Ispat gained on the reports of JSW group planning reins in their hand. Kesar Terminal got listed on BSE.

Senior Astrologer Dharmesh Joshi

Mob. : 9909941816
E-mail : stockmarket@ganeshaspeaks.com

Sensex Predictions 27 December to 31th December

27-12-2010, Monday :- Sujana Tower, Ultratech Cement, Hindalco may remain in news. Today Moon is in Uttarafalguni Nakshatra of the rashi Simha. You might have seen the results of the scripts predicted last week by Ganesha. Similarly we will continue sending you tips daily by SMS. 10.05 to 11.55: Ganesha forsees Nifty remaining flat to negative. 28-12-2010, Tuesday :- Today Moon is in the Hasta Nakshatra of the rashi Kanya. Nifty will hover in a time-pass range during the entire week. Do not base you judgement on the pre-open market as this might lead to confusion. Will hover in the overall flat-to-positive range till 10.40. (0.12) 11.35 to 13.45: It is a weird pattern where the starting and end are soft and the middle per iod is strong. (0.05) 29-12-2010, Wednesday :- Today Moon is in the Chitra Nakshatra of the rashi Kanya. Ganesha doesnt feel very happy today, for unknown reasons. 13.45 to 14.40: Except for a small correction, it can be called as a upward trend. (0.09) 30-12-2010, Thursday :- Today Moon is in the Swati Nakshatra of the rashi Tula. Mercury will turn direct from today. Venus and Moon are in conjunction today. 12.50 to 13.35: Again Nifty may go down. 13.35 to 14.50: This time period is not a tall reliable for the market. 31-12-2010, Friday :- Today Moon is in the Vishakha Nakshatra of the rashi Tula. Next time Ganesha will greet you in the new year 2011 thus Ganesha fervently wishes that the oncoming year 2011 be favorable for you and your family in terms of the planetary movements. 12.51 to 15.30: Nifty may remain in the micro zone where as at around 14.40 we may say that Nifty will be in the alert zone.

th

(Cont.... on P 6)

Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur, Ahmedabad-380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah