Market Updates 13 May11 Powered By Bazaaredge.com
Market Outlook » Nifty ends below 5500..... The coming session is likely to witness a resistance at the 5540 levels on advances. Support is likely at the 5490 levels below which the 5450 maybe seen.The bearish pivot is at the 5490 levels below which declines may occur. Traders must watch these levels for signs of trend determination in the coming session.The Nifty (spot) must stay above the 5540 levels sustainably with volumes and open interest expansion to rally intraday. Technical Calls » Buy Max India 174.00 target 180 Buy Adani Enterprise 626.00 target 645 Buy Kalindee Rail 103.50 target 110 More Momentum Calls » Buy Orinet Green 23.00 Near term it may touch 30 Buy Sumeet Industries 37.10 Near term it may touch 40 Buy Tanla Solutions 16.00 Near term it may touch 20 Investment » Shasun Pharma One of the World’s largest producers of Ibuprofin & Gabapentin Shasun Pharma is the World’s largest producer of Ibuprofin which is a non- steroidal anti-inflammatory drug. company is focusing on value Investment » Rashtriya Chemicals & Fertilisers Q4FY11 results were better than our expectations as net sales increased by 15.6% YoY to Rs16.2bn. OPM expanded by 493bps to 6.5%, resulting in operating profit of Rs1.1bn. Consequently net profit increased by Corporate Report » Godrej Properties The huge QoQ jump (~580%) in revenue recognition during 4QFY11 was a repeat of sequential trend in 4QFY10. This is attributable to commencement of revenue recognition from a slew of new projects Analyst Corner » Shree Renuka Sugars Impact Domestic sugar business hit by low realisation. Domestic sugar sales volume declined marginally, but realisations declined 15%. This resulted in 18% decline in revenues and an 84% decline in EBIT from sugar sales in India. Stock Watch Technocraft Industries Technocraft Industries, the leading manufacturers of Drum Closure enjoys a significant position in main business industries like. Drum Closures, Pipes and Tubes, Engineering Services, Scaffolding systems and accessories and Cotton Yarn. All business are doing well but in this last couple month the margins are much under pressure because higher volatility in cotton prices and high competition in other segment which is also likely to be fairly stiff in the domestic and export markets. Stock of the Week Cosmo Ferrites Ltd CFl is a leading manufacturer of soft Ferrites in India. More than 70% of the production is exported to USA, Wetsren Europe and the far East. Equity base of Rs 12cr.For Q4FY11 Net sales and Net profit zoomed 31% and 91% on yearly basis. Quarter EPS was Rs 1.30 while the FY11 EPS is Rs 3.35. At current level stock is available at 5.1x. Calls Reviews Whirlpool given at 242 Achieved 252 Liberty given at 93 Achieved 96 Tulip given at 157 Achieved 164 Tawalkars given at 220 Achieved 230 Ranbaxy given at 449 Achieved 483 PTC given at 88 Achieved 92 Kale Consultate given at 88 Achieved 92 Jubl Food given at 675 Achieved 804 Gitanjali given at 263 Achieved 268 Ceat given at 97 Achieved 102 U-Flex given at 186 Achieved 192 Veljan given at 460 Achieved 468 UPL given at 156 Achieved 160 Shree Gangesh given at 215 Achieved 245 Strides given at 385 Achieved 400 Indusind given at 250 Achieved 260 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.
