Market Updates 09 May11 Powered By Bazaaredge.com Market Outlook »
Nifty to be rangebound hovering in range of 5400-5700 points. We expects trade to be range-bound next week with Nifty hovering in the range of 5400 to 5700 points."Oil is the single-largest import item for India. So, oil prices cooling off is a big positive for India.However, the FIIs are selling. If it is a sign of smart money moving out of commodities Technical Calls » Buy BAJAJ CORP 118.4 stoploss 115 target 125 Buy EROS 148.15 stoploss 145 target 155 Buy MCLEOD RUSSEL 267 stoploss 262 target 275 More Momentum Calls » Buy J. K. Tyre 91.90 Near term it may touch 100 Buy U-Flex 186.15 Near term it may touch 190 Buy Gitanjali Gems 263.85 Near term it may touch 270 More Investment » Vivimed Labs It is preferred vendor for leading global manufacturers of Beauty Care products (like Hair care, skin care, sun care and oral care products) and Industrial care products (such as Anti-Microbial, anti-fouling agents Investment » Crew Bros Its business model is based on manufacture and export of fashion accessories & home decoration products made from fabrics (24% of sales), belts (14%), fashion bags (28%), footwear (11%), wallets Corporate Report » Mundra Port & SEZ Mundra Port has announced its acquisition of Abbot Point port in Queensland port, Australia for a consideration of US$2bn. This acquisition would double the balance sheet size of the company, with a significant increase in leverage Analyst Corner » Polaris Software Lab We see healthy revenue growth continuing (FY11-13F CAGR of 23%) as Intellect makes inroads into big-ticket deals. FY12 revenue guidance of 22% looks achievable, but we are more circumspect on margins staying flat. Stock Watch Kamanwala Housing Construction Kamanwala is constructing 5 towers residential project in Malad West .They are developing SRA project at Mahim. Kamanwala owns 125000 sq ft of land in Oshiwara area. They are soon starting with development of 35 acres of land in Hyderabad. Kamanwala holds huge land in Noida and Turbhe as well. With total land asset of more than Rs 10 billion, market is severely undervalued at 40 with marketcapital of Rs 550 million. Considering the zeroing of debt the company has undertaken, completion of its various projects and its land bank.. Calls Reviews Sintex given at 182 Achieved 190 Redington given at 82 Achieved 85 Man Industries given at 93 Achieved 100 Kiri Dyes given at 248 Achieved 261 Apollo given at 67 Achieved 71 JSL given at 87 Achieved 91 Carol Info given at 163 Achieved 169 Deccan Chronicle given at 73 Achieved 78 Amrit Banaspati given at 216 Achieved 225 India Card given at 103 Achieved 116 SPML Infra given at 167 Achieved 176 For more detailed reports visit at http://www.bazaaredge.com Visit the Blog http://www.bazaaredge.com/blog Disclaimer : This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. And not soliciting any action based upon it. The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. We or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report -- You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/skorydovmytaxassistant?hl=en.
