Stock Martket BSE » share trading technical analysis

Free Intraday Stock Tips – 08.03.2010

admin — Mon, 08 Mar 2010 02:55:28 +0000

BUY Punj Lloyd Stop Loss 179 Target 205

BUY Mahindra Satyam Stop Loss 96 Target 119

Buy ING Vysya Bank around Rs 275.70-281.10, stop loss Rs 272, book profit at Rs 290.20-304.70

Sell ONGC around Rs 1106-1099, stop loss Rs 1110, cover short at Rs 1088-1070

Free Day Trading Stock Tips – 25 May 09

admin — Sun, 24 May 2009 05:36:27 +0000

Company Name	Stop Loss	Target -1	Target – 2
Passari Cellulose Ltd.	29	31	36
Shree Renuka Sugars Ltd.	120	125	131
Ballarpur Industries Ltd.	25	29	32
ACE shares	33	36	40

Reduce Grasim Industries, target of Rs 1900: Angel Broking

admin — Fri, 22 May 2009 02:04:25 +0000

Angel Broking has recommended a reduce rating on Grasim Industries, with a price target of Rs 1900, in its report dated May 20, 2009.

“At the CMP of Rs 2,254, Grasim is trading at an EV/EBIDTA of 6.5x and 6.4x FY2009E and FY2010E EBIDTA and EV/tonne of US $ 118/tonne and $ 110/tonne on FY2009E and FY2010E capacities, respectively. With the imminent downturn in the cement cycle owing to the bunching of huge capacity and concerns of falling prices, and the recent run up in the stock price, we believe that the stock is expensive. Hence, we recommend a Reduce on the stock, with a target price of Rs 1,900,” says Angel Broking’s report.

Sell Mercator Lines, target of Rs 23: Karvy

admin — Fri, 22 May 2009 02:02:52 +0000

Karvy Stock Broking has recommended a sell rating on Mercator Lines, with a price target of Rs 23, in its report dated May 21, 2009.

“For FY09, consolidated revenue increased 51.9% to Rs 22 billion and profit increased by 56.9% to Rs 4.13 billion, translating into EPS of 14.7. At current price of Rs 57, the stock is trading at 3.6xFY2009 and 24.9xFY10 earnings and EV/EBIDTA it is trading at 3.7xFY09 and 7.9xFY10E. Considering significant (75 to 85%) decline in freight rates on YoY basis and expected lower earnings, we maintain our valuation to 30% discount to NAV with target price of Rs 23. We are revising our rating from underperformer to ‘SELL’ due to 73% increase in stock price since our last update on 29th April 2009,” says Karvy Stock Broking’s report.

Buy Deepak Fertilizers, target of Rs 98: PINC Research

admin — Fri, 22 May 2009 02:01:06 +0000

PINC Research has recommended a buy rating on Deepak Fertilizers (DFPCL), with a price target of Rs 98, in its report dated May 20, 2009.

“At the CMP of Rs 86, DFPCL is trading at a P/E of 6.2x and EV/EBITDA of 3.5x FY10E. Favourable fertiliser policy & expected increase in availability of gas post RIL KG basin development, augurs well for DFPCL. We maintain our ‘BUY’ recommendation with a target price of Rs 98, which implies a P/E of 7x FY10 earnings that is less than 5years historical median P/E of 7.4x,” says PINC’s research report.

share trading technical analysis market outlook 20 May 09

admin — Wed, 20 May 2009 03:49:17 +0000

It was a highly volatile day for the Indian equity markets where the Sensex traded in the zone of 1096 points in just one day. The Sensex touched an intraday low of 13834 and an intraday high of 14930 today. In the morning, with global markets were trading strong Indian markets also opened in a positive zone, but could not sustain its levels and immediately entered the negative zone. Afterwards the strong rally in the banking and real estate sector helped the Sensex touch an intraday high. But, again the profit booking guided the market to southward direction and markets closed almost flat at 14302 (Up 17.82 points) and Nifty closed at 4318.45 (Down 4.70 points). On the sectoral front IT, TECk and Health Care were in negative zone.

We expect the market to be high volatile so small trader away from market

BSE Sensex: The support for the Sensex is 14000-13800 and the resistance to the up move is at 14452-14900

Nifty Technical Trend: the support for the Nifty is at 4320-4150 and the resistance to the up move is at 4400-4650-4775
Call of the Day:
Buy IB Realestate Above Rs.212 Stoplos 201 Target 225

Reduce Balaji Telefilms, target of Rs 35: Angel Broking

admin — Thu, 14 May 2009 16:32:40 +0000

Angel Broking has downgraded its rating on Balaji Telefilms from accumulate to reduce with a target price of Rs 35 in its May 13, 2009 research report.

“Balaji Telefilms (BTL) posted a decline of 48.8% yoy in top-line (2nd consecutive quarter of decline) to Rs 49.4 crore (Rs 96.5 crore) on a standalone basis largely owing to a dip in commissioned programming hours by 51% yoy to 42.5 hours (3 shows on Star and 1 on Zee TV were called off during the quarter).”

“Given significantly poor 4QFY2009 results, limited show pipeline, sharp losses in Movie business and lack of demand for its content, we downgrade the stock from ‘Accumulate’ to ‘Reduce’ with a target price of Rs 35 (Rs 52) based on cash on books of Rs 216 crore (likely to act as downside cushion). Moreover, exodus of Top level Management, ongoing tussle with Star and lack of clarity over dues from INX Media is likely to weigh heavily on the stock,” says Angel Broking’s research report.

Buy Bharti Airtel, target of Rs 880: Asit C. Mehta

admin — Thu, 14 May 2009 16:30:53 +0000

Asit C. Mehta has maintained its buy rating on Bharti Airtel with a price target of Rs 880 in its May 12, 2009 research report.

“Bharti Airtel company continues to be a leader with strong earnings visibility in the current challenging environment. In a scenario of tight liquidity, Bharti is financially very healthy and has a strong cash position. This should enable the company to continue with its expansion plans. Unlocking of value in its passive infrastructure arm should further improve the company’s valuations. We believe that Bharti will continue to be the market leader with a 24% market share by end-FY11. We continue to maintain our ‘BUY’ recommendation on Bharti with an upward revision in our DCF-based price target to Rs 880 (from INR 843) (INR 440 post split),” says Asit C. Mehta’s research report.

Free Day Trading Stock Tips – 27 April 09- BSE India

admin — Sun, 26 Apr 2009 23:33:35 +0000

516078 ( JUMBO BAG)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	21.5	21.2	22.5	23.3
S.SELL BELOW	21	21.4	20.4	19.5

532629 ( MCNALLYB)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	50.5	50	52	53.6
S.SELL BELOW	49.5	50.2	48.5	46.7

512233 ( JAYBHARA TEX)

Action	Trigger Price	Stop Loss	Target 1	Target 2
BUY ABOVE	226	223	234	240
S.SELL BELOW	222	224	218	210

UltraTech Cement an underperformer: Karvy

admin — Fri, 24 Apr 2009 16:21:15 +0000

Karvy Stock Broking has rated UltraTech Cement as an underperformer with target price of Rs 541 in its April 23, 2009 research report.

“UltraTech Cements Ltd. (UTCL)’s Q4FY09 result is broadly in line with our expectation. Net sale was lower than expectation by 2.9% to Rs 18.6 billion due to sharp decline in export price of cement and clinker. EBIDTA margin has improved by 230bps sequentially to 28.7% which is 90bps higher than our expectation on account of reduction in import coal price (40% of total coal consumption). Net profit came in higher than expectation at Rs 3.09 billion vs. our expectation of Rs 2.89 billion mainly due to lower tax and interest expense than our expectation. We have valued the company on EV/EBIDTA multiple of 6x and rate the company as underperformer with target price of Rs 541,” says Karvy Stock Broking’s research report.