Stock Martket BSE

BUY Petronet LNG Ltd Stop Loss 81 Target 92

BUY Hindustan Construction Company Stop Loss 114 Target 134

SHORT SELL Bank Of India Stop Loss 339 Target 318

SHORT SELL Jindal Steel & Power Stop Loss 676 Target 627

Suzlon BSE Code :

532667:- It is highly expected by the company that it will get an export order worth for 500 MW project. Market can witness some movement during next week following this expectation.

GIC Housing Finance

BSE Code : 511676 :- The market analysts expect that the company will achieve the EPS of Rs. 12 for the FY ended on 31st March, 2010. They have also set the target price of Rs. 125 within next three months.

Sandesh

BSE Code :526725 :- Considering the EPS of Rs.43, this share at present is quoted with 5.50 PE multiple which indicates that this stock is really very cheap. Also this stock is on radar of high net worth investors. Considering all these factors, investors can expect the target price of Rs. 300 within next three months.

(BSE Code : 503837)

(F.V. : 10)

Rationale for Recommendation : 2007 & 2008 proved to be the worst ever in Indian Textile Industry wherein, demand slumped, R/M prices went up and selling prices plunged. Due to same, share prices of textile companies touched new lows. However, fortunes of many textile companies have again taken a Uturn
and still such scrips are available at dirt cheap valuations. SRSL is one such company and hence the recommendatio as its Book Value is Rs 40/ and CMP is just 50% of Book value.
BACKGROUND : Udaipur based SRSL is engaged in the production of Grey Yarn, Dyed Yarn and PPMF Yarn:
Grey Yarn : Grey yarn is produced using blends of different synthetic fibre such as polyester/viscose, 100% viscose yarn, 100% polyester fibre yarn and pure cotton. These qualities are produced in SRT division and Polycot division of
the company. The company has niche markets for 100% viscose fibre yarn. Specialty fibre yarns were developed for industrial and home textile applications. Dyed yarn : Dyed yarn is produced at Syntex division of the company. These yarns are relatively higher value added products and made according to customers specification of blend, counts and shades. The company has specialty in producing home textile dyed yarns for end use such as carpets, tapestry and upholstery. Further efforts are being made to develop melange yarn for weaving and knitting applications. read more…

Glenmark Pharma (Code : 532296) : Glenmark Pharmaceuticals‘ subsidiary Glenmark Generics has signed a licensing and supply agreement with Taro Pharmaceuticals for sale of a branded product in US. As per the terms of agreement, Glenmark will manufacture the product and Taro will distribute the product in United States. Glenmark will receive milestone payments and a royalty on sales. Also it announced a licensing arrangement with generic drug maker Par armaceutical Companies Inc., marking the second major development last week. The timing of the announcement is a shot in the arm for Glenmark’s unlisted subsidiary, Glenmark Generics Ltd. An initial public offer is on the cards for this subsidiary,  with the funds being used to improve the group’s liquidity position and lower debt. The company’s equity capital is Rs 26.98 crore. Face value per share is Rs 1. Buy at this level and buy more at decline.

Geodesic (Rs. 115.00)

BSE Code : 503699

Despite announcing its plans to buy back the equity, Geodesic share price didn’t react positively. Company operates in a niche area of developing various innovative products in the information, communication and entertainment space. It is widely recognized for its scalable content, contact management, presence, real-time communication and collaboration platform. The company has effectively used this platform to build and deploy innovative front-end applications, viz.Mundu Instant Messenger(IM), Mundu Radio, Mundu Speak, Mundu SMS, Montage etc for the retail segment. Using the same platform company has also developed enterprise applications viz. Content indexing and read more…

Friday, May 7, 2010 :- · Begin the day only after seeing the opening trend. Nifty is likely to play with you during this period. It may go down between small gaps and then go up between small gaps. · 13.05 to 14.15:Nifty is likely to be range bound on the up side.· 14.15 to 14.55: Nifty is likely to go soft. · 14.55 to 15.30:It may seem like a boring period, but the ‘Indication Buy’ softw re may indicate some buying during this period. Trade at your own risk.

BSECode 531816

This IT software company has announced 50% interim dividend along with liberal bonus in the ratio of 5 shares for every 1 share held. For 09-10 (on stand alone basis) the company reported total turnover of Rs.51.70 crore with a net profit of Rs.20.15 crore against turnover of Rs.45.41 crore with a net profit of Rs.19.04 crore for corresponding previous year. The company has done major acquisition in hospitality subsidiary and is thus going for hospitality business as well. Scrip is worth adding in one’s portfolio at every decline. It is hovering around Rs. 266.75 against 52 week high/low of Rs. 350/200, FV Rs. 5.

BSE Code : 533015
Being an end to end service provider, Nutek India’s gambit of services ranges from undertaking turnkey infrastructure rollouts including civil & electrical infrastructure,construction, installation and integration of telecom equipment to taking up operation & maintenance contracts. Going forward the mobile technology in India is set to see revolutionary changes with telecom operators going for superior technical rollover to 3G from the existing
2G mobile technology. The telecom operators will have to invest in their network upgradation thereby improving the quality of service being offered to their subscribers as a pre requisite to retain their customer base and build upon the same. For FY10, company is expected to record a topline of Rs 180 cr and bottomline of Rs 14 cr i.e. EPS of Rs 4 on current  equity of Rs 17.26 cr having face value as Rs 5/- per share. For FY11 it has the potential to post fully diluted
EPS of almost Rs 5. Buy at declines.

Salem based Sri Nachchamai Cotton Mills is engaged in the production of Cotton yarn, having installed capacity of
40,000 spindles. Last year, company had made losses due to lower realisation, lower demand and high raw material
prices. However,in current year, situation has changed dramatically wherein selling price of Cotton yarn have spiralled up sharply, leading to good profitability and hence, the recommendation After reporting loss last year, company has bounced back in Current Year with with EPS of Rs. 4/- for Half Year Ending Dec. 09. Cotton yarn prices have gone up further in last 2-3 months and hence, performance of H2 should be much better than H1 Current market cap of Sri Nachchamai is just Rs 10 cr whereas company is likely earn cash profit of 6.60 cr in current year alone. Further, stock is trading at: 1. 2.23xFy10E Eps 2. 1.55xFy10E Cash EPS Although Sri Nachchamai is a small player in cotton
yarn industry, still current valuations are extremely cheap. Investment in Sri Nachchamai at current levels should yield 50% appreciation in less than 9 months. Buying recommended

Buy Lanco Infratech around Rs 59.70-61.50, stop loss Rs 58.75, book profit at Rs 64.30-68.80

Sell Suzlon Energy around Rs 71-70.60, stop loss Rs 71.30, cover short at Rs 69.80-68.60

Sell Tata Steel with stop loss of Rs 660 for targets of Rs 620-Rs 610

Sell JSW Steel with stop loss of Rs 1230 for targets of Rs 1144-Rs 1100