Buy Tata Steel (Jan Futs) at Rs 365 – 363, Stop Loss at Rs 356, Target Rs 390
Short Nifty futures at Rs 4762-4760, Target at Rs 4732/4714, Stop loss at Rs 4796
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Redington India is a Chennai based and a young company whose stock fell to a low of Rs 66.50 in late January, 2011. For many stock market analysts who think this company as a future bluechip one, that fall provided an opportunity of picking it up at a cheap price.
This, coupled with highly improved quarterly working results as announced by the company made the share go back on rising track. The share, therefore, reached a high of Rs 102 sometime n July, 2011. However, by the time the share reached this peak, the markets had already turned extremely bearish and that ultimately pulled this share down to a low of Rs 65.05 on Monday of the previous week. The Rs 65.05 bottom being almost identical to that of Rs 66.50 of January, 2011 attracted many long-term buyers once again for falling for it they thought the share had reached a level from where it could once again rise. They proved to be right as the share then entered a rising trend and in the last week, when the markets were marked down every successive day from Tuesday till Friday, the share of Redington recorded gains every successive day. The share has thus entered a fresh bullish phase and can be expected to go further up in the days to come in a favourable market, and therefore, suggested for buying at every decline.
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Nestle India
BSE : 500790
NSE : NESTLE
CMP : Rs.4206.80
Nestle India announced the third quarter results of calendar year 2011 (3QCY11). The company has reported 20% YoY and 19.5% YoY growth in sales and net profits respectively.
Top line in 3QCY11 increased by 20% YoY led by 20.7% growth in domestic sales. Sales for 9mCY11 were up by 20.8% on a 21.5% YoY rise in revenues in the domestic market.
Operating margin is a measurement of what proportion of a company’s revenue is left over after paying for variable costs of production such as raw materials, wages, and sales and marketing costs. A healthy operating margin is required for a company to be able to pay for its fixed costs, such as interest on debt. The higher the margin, the better it is for the company as it indicates its operating efficiency [click to continue…]
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Buy MCX Dec Gold at 28760 / 28750, Stop Loss: 28700, Targets at 28840
Buy MCX Dec Silver at 54900 / 54850, Stop Loss: 54650, Targets at 55350 / 55550 (CMP 55060)
Buy MCX December USD/INR at Rs 52.35-52.37; Stop loss at Rs-52.22; Target at Rs-52.58.
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Orchid Chemical
BSE ID : 524372
NSE ID : ORCHIDCHEM
CURRENT PRICE 159.10
Established in 1992 as an export-oriented unit (EOU), Orchid Chemicals & Pharmaceuticals Ltd. (Orchid) is a vertically integrated company spanning the entire pharmaceutical value chain from discovery to delivery with established credentials in research, manufacturing and marketing. We today rank among the top 15 pharmaceutical companies in India and enjoy a multi-therapeutic presence across segments.
For FY11, on a consolidated basis, company reported total income of Rs. 1,786 crore and earned PAT of Rs. 156 crore. EPS for the year was Rs. 22.64. This results in historic PE of 8.2 times. [click to continue…]
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