Thursday, July 31, 2008
INTRADAY-31 ST JULY
Buy IFCI above Rs 46.30. Stop Loss of Rs 45, target of Rs 49-Rs 50.
HIND OIL EXPLORATION
Buy Hindustan Oil Exploration above Rs 132.50. Stop Loss of Rs 128, target of Rs 137-Rs 139.
Wednesday, July 30, 2008
The BSE Sensex closed at almost 500 points higher while the NSE Nifty closed higher by 120 points. The rupee was trading at 42.33 to the dollar.
Taking cues from its global peers, the Indian benchmark indices opened on a positive note and on account of persistent buying activity the benchmark indices continued to move higher into the positive territory till the final closing hour. The overall market breadth was positive with gainers outnumbering the losers by a ratio of 2.2 to 1 on the BSE. HDFC and Tata Steel (each up 8%) led the pack of gainers on the BSE Sensex today, while NTPC (down 5%) and ITC (down 1%) were amongst the losers.
Balaji Tele announced its 1QFY09 results. The topline grew by 23% YoY during 1QFY09 due to higher commissioned programming hours. Balaji's average realisation per hour increased from Rs 2.15 m in 1QFY08 to Rs 2.24 m in 1QFY09. The operating margins declined by 4.9% to 34.7% during the quarter. The income zoomed 76% YoY in 1QFY09. Balaji's registered a growth of 21% YoY in its bottomline during 1QFY09 mainly on account of higher topline growth and higher other income. While the stock of Balaji ended higher (up 2.5%) its peer ZEE Entertainment ended lower by 5%.
As per BSE Lupin acquired a German Sales and Marketing generics company named Hormosan Pharma GmbH. Hormosan specializes in the supply of pharmaceutical products for the Central Nervous System. This acquisition is in line with company's strategy to strengthen its presence in the global pharma markets. Apart from having a strong domestic presence, the company markets its products in the regulated markets of the US and Europe and semi-regulated markets of South East Asia, Africa and the CIS. This is Lupin's first acquisition in the European region. This acquisition will help Lupin in establishing a bridgehead in Germany and utilize Hormosan sales and marketing strength to make in road in European markets. The stock ended the day up 2%, while Ranbaxy ended up 4%.
DELIVERY BASED-STERLING BIOTECH-30 TH JULY
Tuesday, July 29, 2008
Monday, July 28, 2008
After slipping for two consecutive trading sessions, Indian bourses ended with modest gains starting off the weak with a positive bias. Markets started off the day on a flat note and remained range bound for major part of the trading session. Finally, the benchmark Sensex gained 74 points to close at 14,349 and Nifty gained 20 points to close at 4,332.
Among the BSE Sectoral indices, BSE Oil & Gas index (up 1.5%), Capital Goods index (up 1.5%), BSE Realty index (up 1%). On the other hand, Metal index (down 1%) and BSE Power index (0.3%).
Among the 30-scrips of Sensex, L&T, Reliance Industries, ONGC and ICICI Bank are among the major gainers. On the other hand, SBI, Tata Steel and Infosys are among them major laggards.
In the overall market, 1,767 stocks advanced and 845 stocks declined. Whereas, 77 stocks were unchanged.
Volume Toppers…
RNRL was among the most traded counter on the bourses. Others like, Ispat Industries, Himachal Futuristic, RPower, Renuka Sugar, TTML, RCom, Reliance Capital, ICICI Bank and GMR Infrastructure were among the stocks in demand in the liquid universe.
GAINERS & LOSERS
Top 3 Gaining Companies
Larsen & Toubro 2723.55 3.73%
Tata Power Co. 1051.60 3.56%
ACC 593.45 3.34%
Top 3 Losing Companies
Sterlite Inds. 582.25 -3.47%
Tata Steel 603.95 -2.26%
Hindalco Inds. 146.15 -2.21%
intraday-28 th july
Bank of India
Buy Bank of India above Rs 289. Stop Loss of Rs 280, target of Rs 309-Rs 315
Bajaj hind
Buy Bajaj Hindustan above Rs 157.50. Stop Loss of Rs 153, target of Rs 166-Rs 168.
DLF
Buy DLF above Rs 511. Stop Loss of Rs 501, target of Rs 523-Rs 530.
