Technical Analysis on Larsen and Tubro.

>> Friday, January 30, 2009

CMP - 690.25
The company which recently hiked its stake in Satyam from 4% to 12% is very much a buy in range of 665 to 684 for a sharp upmove till 745.



EDO chart shows some strength at 660 levels.

Support and Resistance for LNT.
Pivot - 677
Support - 659 and 628
Resistance - 708 and 725

If the stock crosses 725 range it can touch 745 in short term. (1 - 2 weeks)
Keep proper SL of 650.

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GOLD will never loos its lust it seems. GOLD hits record hight of 14,407

Gold prices reached its all-time high on Friday deterring buyers from fresh purchases in the midst of a wedding season, and consumers cashed in on the price rise by selling scrap gold, traders said.

"There is no demand, but there is scrap coming in," said Prithviraj Kothari, director with Riddhisiddhi Bullions in Mumbai.

Gold futures on the continuation chart on the Multi Commodity Exchange touched a high of 14,407 rupees per 10 grams at 2:14 p.m.

The price gap between the local gold and bank gold widened due to lack of demand and profit taking by investors.

Traders said consumers took advantage of near-record prices by selling scrap gold, thereby limiting demand for new bars.

Buyers are awaiting a fall to purchase gold bars, said Kishore Zaveri, director, Zaveri and Co. in Ahmedabad, a retail gold jeweller. - ET

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Market outlook and Intraday tips for 30th Jan.

US markets plunge on Economic worries. US markets are down on an average of 3%.
Europe is down on an average of 3 - 3.5%.
Asia is bonded to open flat to negative. India will follow and open in the same manner

The support for the Sensex is 9095 and the resistance to the up move is at 9334

Nifty: (2824) the support for the Nifty is at 2793-2767 and the resistance to the up move is at 2870-2904.


Day Trading ideas


Hindalco

Buy above 47.80 for targets of 48.75 and 49.90

Sell below 45.10 for targets of 44.45 and 43.90


DLF

Buy above 168 for targets of 171 and 175

Sell below 163 for targets of 159 and 155


RNRL

Buy above 50.25 for targets of 50.90 and 51.50

Sell below 48.55 for targets of 47.90 and 47.10


Wipro

Buy above 229 for targets of 234 and 238

Sell below 215 for targets of 211 and 207


Happy Investing !

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Tata Steel Q3 net profit down 56% on low volumes

>> Thursday, January 29, 2009

Tata Steel, India’s largest steel company, on Wednesday reported its first decline in quarterly profit in almost three years as slow demand saw the Tata group company report lower sales volumes for the first time in many years.

Tata Steel said standalone net profit, excluding its Anglo-Dutch subsidiary Corus, in the October-December period fell 56% to Rs 466.2 crore from Rs 1,068.6 crore in the same period last year, mirroring a trend seen in the third-quarter results of steel companies, including SAIL, the country’s second-largest steel maker.

Total revenue in the same period fell to Rs 4,735.7 crore compared with Rs 4,928.2 crore last year. Prospects for the next quarter does not appear to be bright either, its chief operating officer HM Nerurkar said.

“Compared to our peers, we have done well despite the fact that October steel was not moving at all. The next quarter looks equally bad. We will to improve our performance,” he said.

Tata Steel’s third-quarter earnings were eroded by a foreign exchange loss of Rs 126.80 crore and an 80% surge in raw material costs to Rs 1,611 crore. Steel sales dipped to 1.07 million tonne in the third quarter against 1.24 million tonne in the year-ago period.

Tata Steel is scheduled to announce consolidated results at the end of February, which would include Corus. The foreign subsidiary has already reported job losses due to a severe fall in demand in Europe. Corus has cut 3,500 jobs in Britain and has undertaken production cuts to trim costs, even as large steel users such as auto makers have reduced their purchases.

For the nine-month period, Tata Steel’s net profit rose 7% to Rs 3,742.4 crore while net sales grew 27% to Rs 17,595.4 crore. Globally, steel companies have seen a reversal in their fortunes, as demand from large steel users like car makers and the construction industry has fallen due to rising interest rates, ending an almost four-year long boom.

Steel prices have fallen sharply, prompting many companies to cut production and slash manpower. In India, however, demand for steel has held up relatively well with consumption still steady in the construction industry, though auto makers here also have been adversely affected. The Tata Steel stock gained 2.6% to close at Rs 176.85 in a strong Mumbai market on Wednesday - ET

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Maruti Q3 profit falls 54.3%, lags forecast

Maruti Suzuki India Ltd, the country's largest car maker, said quarterly profit fell 54.3 per cent, lagging forecasts due high raw material costs, lower volumes and adverse impact of currency changes.

New Delhi-based Maruti said on Thursday its net profit fell to Rs 2.14 billion ($43.8 million) in its fiscal third quarter ended December.

Net sales fell 2.8 per cent to Rs 46.26 billion, it said.

That compared with a net profit forecast of Rs 2.48 billion on net sales of Rs 43.22 billion in a Reuters poll.

Maruti, 54.2 per cent owned by Japan's Suzuki Motor Corp, holds almost half the Indian car market with models such as the best-selling Alto and Swift hatchbacks.

Shares in Maruti, valued at $3.2 billion, fell 24.3 per cent in the December quarter in line with the main index - ET

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Market outlook and Intraday tips for 29th Jan.

US markets went higher as Obama announces a bailout package of 813 Billion $.
Europe ended higher. Asia is trading higher.
I expect Indian Markets to have a gap up opening.

The target for the Sensex is 9150 and the resistance to the up move is at 9334-9410-9550

Nifty: (2850) the target for the Nifty is at 2820 and the resistance to the up move is at 2870-2904

I expect markets to be in Green.


Day trading ideas.

HDIL
Buy above 98.50 for targets of 99.85 and 101.20
Sell below 92.40 for targets of 91.25 and 90.10

TCS
Buy above 511 for targets of 515 and 521
Sell below 498 for targets of 494 and 488

R Com
Buy above 171 for targets of 178 and 184
Sell below 159 for targets of 155 and 151

Happy Investing.

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U.N. agency - World economy may lose 51 million jobs

>> Wednesday, January 28, 2009

Up to 51 million jobs worldwide could disappear by the end of this year as a result of the economic slowdown that has turned into a global employment crisis, a United Nations agency said on Wednesday.

The International Labour Organisation (ILO) said that under its most optimistic scenario, this year would finish with 18 million more unemployed people than at the end of 2007, with a global unemployment rate of 6.1.

More realistically, it said 30 million more people could lose their jobs if financial turmoil persists through 2009, pushing up the world's unemployment to 6.5 percent, compared to 6.0 percent in 2008 and 5.7 percent in 2007.

In the worst-case economic scenario, the Global Employment Trends report said 51 million more jobs could be lost by the end of this year, creating a 7.1 percent global unemployment rate.

"If the recession deepens in 2009, as many forecasters expect, the global jobs crisis will worsen sharply," it said. "We can expect that for many of those who manage to keep a job, earnings and other conditions of employment will deteriorate."

Caterpillar, Sprint, Philips, Texas Instruments and ING are among the companies that have cut thousands of jobs in response to the financial crisis and economic downturn that has spread around the world.

The ILO's previous employment estimate, released in October, was that 20 million jobs would disappear by the end of 2009 as a result of the financial crisis.

INFRASTRUCTURE PROJECTS

Developing countries will suffer most from additional job losses, according to the ILO, whose governing structure includes governments, employers and workers groups.

"Sub-Saharan Africa and South Asia stand out as regions with extremely harsh labour market conditions and with the highest shares of working poor of all regions," the report said.

According to ILO estimates, North Africa and the Middle East had the highest unemployment rate at the end of 2008, at 10.3 percent and 9.4 percent respectively.

Central and southeastern Europe and the former Soviet states ended last year with a jobless rate of 8.8 percent, sub-Saharan Africa's was 7.9 percent and Latin America's was 7.3 percent. East Asia fared best of the world's regions at 3.8 percent.

Most job creation in 2008 came from South Asia, Southeast Asia, and East Asia, while developed economies and the European Union lost some 900,000 jobs on a net basis.

The ILO said that government works projects, like those recently announced in Argentina, could help create and sustain jobs until the private sector starts to rebound.

Construction and rehabilitation of public infrastructure such as roads, bridges, schools, hospitals and public buildings could be especially helpful in poorer countries with high levels of joblessness, the report found.

"While major capital-intensive new infrastructure projects take time to translate into increased employment, labour-based approaches can generate jobs and much-needed infrastructure quite quickly," it said, also noting the World Bank has launched an infrastructure crisis facility that could support this work.

The ILO also urged governments to extend unemployment and health insurance programmes to help people endure the crisis. - Reuters

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General elections between Apr. 8 - May 15 - report.

General elections in India will be held sometime between April 8 and May 15, the country's election commissioner was quoted on Wednesday as saying

But a spokesman of the election office denied any dates had been discussed.

Earlier the Press Trust of India quoted S.Y. Quraishi as saying in London late on Tuesday that the election would be held between April 8 and May 15.

The main contest this year is likely to be between the Congress party, which leads the ruling coalition government, and the opposition Hindu nationalist alliance, headed by the Bharatiya Janata Party (BJP).

The election commission had yet to meet to discuss poll dates, the spokesman said.

"Any story quoting the dates has no authenticity," he said.

The elections follow a string of attacks on Indian cities in 2008, including a three day rampage by Islamist militants on Mumbai which killed 179 people in November.

Security and the growing repercussions of the global financial crisis will likely top the agenda, although local issues and caste identities also traditionally influence voting in India.

India's economy is expected to grow 7 percent in 2009, compared to around 9 percent in recent years. - Reuters

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Experts say FII inflows may resume in second half of 2009

Foreign Institutional Investors, who deserted the Indian bourses last year, leaving them to face the heat of the global economic crisis are likely to make a come back in the second half of this year.

FIIs, which pulled out over 13 billion dollar from the Indian stock markets in 2008, following severe credit crunch in the US and Europe are likely to again gain momentum in the later part of this year.

According to a latest India strategy report by BNP Paribas, currency appreciation could be a significant driver of FII inflows.
"Our outlook on Rupee appreciation implies that FII inflows into Indian equities could restart in H2CY09. Concerns on capital outflows still exist (due to deleveraging in developed markets), but our empirical analysis shows currency appreciation is a significant driver of FII inflows," BNP Paribas analyst Manishi Raychaudhuri said in the report.

The report stated that even as there is an ongoing debate about whether currency appreciation causes FII inflows or vice-versa.

Meanwhile, not giving any prediction about the time period by when the FII flows into the country may be revived, Coxe Advisors LLC Global Capital Markets Strategist and CEO Donald Coxe told PTI that with return of confidence in the market the inflows would pick up.

"By some estimates, USD 650 billion in dollar-denominated bank loans to Emerging Market private sector banks need to be refinanced or rolled over in 2009, and that is a steep overhang.

If the refinancing moves smoothly for even a few months, there will be a huge return of confidence and FII will respond favourably," Coxe said.

The BNP Paribas report revealed that the Indian experience shows currency appreciation to be the causal variable and when the Rupee had started appreciating from mid-2002, FII flows had began accelerating a year later from mid-2003.

Further, brokerage firm Reliance Money said in its market strategy report that going forward, higher capital flows coming back led by strong FII buying and more than expected appreciation in the Indian Rupee would be the positive drivers for the market.

"Markets are likely to continue to be governed by the momentum driven by the global news flows, which is predominantly negative with potential earnings downgrades expected in the near medium term," the Reliance Money report said.

In January so far, FIIs sold as much as Rs 3,961.80 crore (nearly one billion dollar. However, they have been buying in debt segment to the tune of Rs 1,045 crore in the month.

FIIs had been net sellers in Indian equities to the extent of USD 13.3 billion in calender year 2008, the first time since 1999. And this outflow was on the back of a record inflow of USD 17.4 billion in 2007.

According to another domestic brokerage Motilal Oswal's report, following the significant outflows by FIIs, their holdings in BSE 500 companies came down to 16.7 per cent in September 2008 from 19.4 per cent in 2005. - ET

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Whats better Concentrated portfolio or diversified portfolio?

If you read what John Templeton says, you will believe that you need to create a diversified portfolio - a little of Japanese stocks, lots of American, some emerging markets, etc. in equity alone. Apart from this some debt - short term, long term, etc.

Warren Buffet on the other hand says you should concentrate your portfolio if you wish to create wealth.

Whom should you listen to?

Both!

You should have a concentrated portfolio - which means in the Indian context, if you have a Rs 2.5 million portfolio you may not need more than 6 companies. However, once you have created some wealth, you need to protect a portion of it from the vagaries of the market.

Let us take an example. In case you had invested Rs 10,000 in Wipro in the year 1980, today it would be worth Rs 3.50 billion (assuming you consumed all the dividends). However, at various stages you would have sold some part of your Wipro shares to invest in other companies too - now if Wipro had not done well, but some other company in which you invested (say Silver line) had done well, you would have looked smart (but actually you were lucky, simply, lucky).

However if you are still holding on to all the shares of Wipro, it makes sense for you to sell a portion of Wipro and invest in a simple index fund, some real estate, some RBI bonds, etc.- P.V. Subramanyam on MyIRIS.Com

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Market outlook and Intraday tips for 28th Jan.

US markets ended marginally positive.
Europe flat. Asia has opended positive but now Japan has sliped in the red zone.
Expect Indian Markets to open flat to negative.

The target for the Sensex is 8850 and the resistance to the up move is at 9182-9243-9334

Nifty: (2771) the target for the Nifty is at 2700 and the resistance to the up move is at 2808-2824-2847

If markets open higher they may not be able to sustain all its gain.

Day trading ideas

LNT
Buy above 645 for targets of 651 and 658
Sell below 630 for targets of 624 and 619

Punj Llyod
Buy above 94.10 for targets of 95.25 and 96.50
Sell below 91.25 for targets of 90.50 and 89.65

Pfizer
Buy above 531 for targets of 538 and 545
Sell below 510 for targets of 508 and 498

Happy Investing.

Whats Hot on Squamble -
What if Obama was Indian President ?

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Market outlook and Intraday tips for 27th Jan.

>> Tuesday, January 27, 2009

US markets ended marginally higher.
Europe cheers on Indian Re-Public Day as it closed a higher note.
Asia is bonded to open flat to positive.
Expect Indian Markets to open in the same manner.

The target for the Sensex is 7850 and the resistance to the up move is at 8929-9020

Nifty: (2679) the target for the Nifty is at 2500 and the resistance to the up move is at 2741-2765

Expect markets to remain volatile throughout today.

Today we have a meet of Monetary policy so look out for Banking Stocks.


Day trading Ideas -


ICICI Bank

Buy above 367.55 fop targets of 372 and 377

Sell below 349 for targets of 345 and 340


HDFC bank

Buy above 879 for targets of 886 and 892

Sell below 865 for targets of 861 and 656


IFCI

Buy above 18.20 for targets of 18.90 and 19.30

Sell below 17.50 for targets of 16.95 and 16.50


Unitech

Buy above 27.50 for targets of 28.50 and 29.10

Sell below 26.10 for targets of 25.50 and 24.90


Happy Investing !

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Weekly news letter and stocks to watch out for.

>> Sunday, January 25, 2009

Last week we saw volatility in the stock markets.
Satyam saga is finding no end to it.
Inflation increased marginally , this was mainly due to transport strike which had an impact on WPI.
LNT hikes it stake in Satyam from 4% to 12%.
Obama takes charge to make the change.
Bush administration has finally disappeared.
This will benefit global economy? God Knows?
Markets in the comming week may be rangebounded with volatility.
Don't take any long position now.
Q3 results are comming 50-50. Many companys posted worst results and few posted good results.

Sectors to watch out for -
IT
Infra
FMCG
Pharma

Stocks to watch out for -
Satyam.
LNT
Unitech
Sun pharma
Educomp Solutions
Praj Ind
IFCI
RCom
Idea

Happy Investing!

Whats HOT!
23 years old boy makes Millions from bloggers.

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Weekly NIFTY technicals.

Satyam saga is still on.
But a buyer for Satyam. LNT buys 12% stake in Satyam. And the stock is up at 38 levels up almost 40%. Lets see what magic iGate solutions can do ?
Its pure gambling.

Expect markets to be volatile next week also.
Support for NIFTY is at 2560 and resistance at 2890
If NIFTY crosses 50Days moving average of 2851 we can see NIFTY touching 3000 mark.

NIFTY Support and Resistance -

Previous resistance
Previous support
Weekly high
Weekly low
Monthly high
Monthly low
3147
2813
2853
2702
3110
2571

Simple Moving Averages -

5 D

8 D

13 D

20 D

39 D

50 D

200 D

2748

2768

2813

2874

2874

2851

3929


Fibonacci price projections-


0%61.8%100%161.8%261.8%
Up28133019314733533687
Dn31472941281326072273

Chart -



Happy Investing.

Get latest news about Satyam Saga for free Join now.Click Here

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Market outlook and Intraday tips for 23rd Jan.

>> Friday, January 23, 2009

US markets down over 2%.
Asia has opened weak.
India is bonded to open week.
I expect a gap down opening on Indian Markets.

The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075

Nifty: (2714) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2758-2779


Day Trading Ideas


NALCO

Buy above 196 for targets of 198 and 201

Sell below 186 for targets of 184 and 181


Arvind Mills

Buy above 14.55 for targets of 15.10 and 15.80

Sell below 13.10 for targets of 12.50 and 12.10


DLF

Buy above 168 for targets of 172 and 176

Sell below 159 for targets of 156 and 152


Post on Squamble.

Idea Cellular ad - a perfect example of democracy.

L.K. Advani now following Obamas foot steps.

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Alok Industry a safe bet for long term.

>> Thursday, January 22, 2009

CMP - 15.10
Alok Industries
is one of the largest vertically integrated Textile Companies in India is preferred as a Vendor by Global Gaints like Wal-Mart , Target, etc.
The Company announced excellent results recently where its Sales grew by 40.5% to 1241crores. Exports which make up 40% of sales, grew by 40% to 460 crores. The Net Profit should have shooted up but due to Hedging, did not reflect the Strong Dollar but this should get reflected in Dec and March results.
The Company has started to focus aggressively on Africa, Latin America and Gulf countries in order to reduce its dependence on the US and Uk.
The Company has been very active in increasing its capacities for the last four years, all of which should start to get executed by March 2009. The Company’s officials have said, that they have no funds requirement as of now and have already tied up for the same.
Alok should start extract benefit from its Capital Investment from the next fiscal.
Alok also has plans to foray into Fabrics used for Car Upholstery, etc and also wrinkle-free, stain-resitant, bullet-proof fabrics.
With the Govt of India too considering a Package to help Exporters, Alok should be major beneficiary.

It is also making the transition from a pure-play fabric manufacturer to an integrated player with a presence in all segments. Its entry into home textiles, for instance, has been successful. The segment has been a major driver of exports, which now account for about 25 per cent of sales. It is also putting up fresh spinning capacities for complete integration and recently announced that it would set up a partially-oriented yarn facility. Alok is likely to emerge as a one-stop shop for importers, which could make it a preferred vendor.

It would, however, have to build expertise in these new segments. For instance, its expansion into terry towels would complement well its home textiles portfolio.

Alok would, however, be pitted against large exporters such as Welspun India, which have already established their competence in this segment.

Alok has taken a huge beating in the Stock Markets. From a High of 103, it is now trading at around 14 -15 levels.

Valuation -
With a Book Value of 67 and at a conservative estimated EPS of 8, the stock is now trading of PE of only 2.3.

Future outlook -
Robust growth in revenues is likely to drive profits over the near term. Alok's Rs 1,000-crore expansion project, which it set in motion last year, is nearing completion. The new capacities across various segments are likely to become operational in short period of time.
The addition to capacities, post-expansion, will also be substantial. For instance, its annual capacity in garments would rise to eight-million pieces from one million. Given the strong demand, the fresh capacities are likely to be well utilised and give revenues a lift.

In addition, Alok recently took a 5 per cent stake in The Shirt Company, a garment manufacturer that is expected to tap the primary market with a public offer soon. The move was made with the intention of tying up long-term fabric supply. Operating margins, too, — now at a healthy 20 per cent — are likely to be maintained despite input cost pressures, as profitable segments such as garments and home textiles make greater contribution to profits.

Safe bet for long term.

Happy Investing!

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We have an Alexa Rank of 392,273 as on 13th Feb 2009.
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Authors

Chirag Jethmalani - Founder of IndianMoneyPlus.Com

Writers associated with IndianMoneyPlus
Dhawal Joshi.
Tushar Makhija

Guest writers
Vinod Jethmalani
Mohnish Ahuja
Mohit Mankani.

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Reliance Capital Q3 net up 11% at Rs131.5 cr

Among its various group companies, Reliance Mutual Fund recorded a net profit growth of 36% to Rs26 crore for the quarter under review as against Rs19 crore in the year ago period.

Helped by its mutual fund, life insurance, brokerage and financial products distribution businesses, Reliance Capital posted a 11% rise in its net profit to Rs131.5 crore, for the third quarter of this fiscal.

The total operating income of the Anil Ambani group’s financial services arm jumped 36% to Rs1,572.9 crore in the quarter ended 31 December, 2008, from Rs1,155.6 crore in the year-ago period.
The company had a net profit of Rs118.1 crore in the year-ago quarter, it said in a statement.
Among its various group companies, Reliance Mutual Fund recorded a net profit growth of 36% to Rs26 crore for the quarter under review as against Rs19 crore in the year ago period.
However, the assets under management of Reliance Mutual Fund recorded a decrease of 11% at Rs70,2300 crore as on 31 December, from Rs78,906 crore a year ago.
In the life insurance segment, Reliance Life Insurance registered robust growth of nearly 57% as the policyholders funds under management increased to Rs4,495 crore as against Rs2,286 crore last year.
Meanwhile, Reliance Money has generated revenue of Rs102 crore for the quarter ended 31 December, as against Rs64 crore for the corresponding previous period, an increase of 60%.
As on 31 December, the net worth of the company stood at Rs7,249.6 crore making the company one of the top three private sector financial services groups in terms of net worth.
The total assets of the company, as on 31 December stood at Rs22,339.6 crore and the investment portfolio of listed entities stood at Rs1,802.6 crore.
The Reliance Consumer Finance (RCF) business posted a revenue of Rs322 crore for the December quarter this fiscal as against Rs139 crore a year ago.
RCF declared a profit of Rs14.6 crore for the quarter ended 31 December as against Rs26.4 crore in the corresponding period a year ago, due to high cost of borrowing and higher risk perception.
During the quarter, Reliance Capital received approvals from RBI and National Housing Bank to set up separate subsidiaries for consumer finance and home finance, respectively.
Besides, the company was also included in the S&P CNX Nifty on the National Stock Exchange.
For the nine months ended 31 December, the consolidated net profit of the company stood at Rs704 crore as against Rs643.5 crore, a rise of 9% from the year-ago period.
The total operating income of the company stood at Rs4429.2 crore as compared to Rs3283.3 crore, an increase of 35%.- Live mint

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Bharti Airtel Result updates.

Rural Coverage Crosses 4 Lac Villages; Revenues Exceed Rs 9,600 cr
Bharti Airtel Ltd has announced the following Audited results for the quarter ended December 31, 2008:

The results for the Quarter ended December 31, 2008

The Company has posted a net profit of Rs 20172.90 million for the quarter ended December 31, 2008 as compared to Rs 14198.40 million for the quarter ended December 31, 2007. Total Income has increased from Rs 66825.70 million for the quarter ended December 31, 2007 to Rs 88502.50 million for the quarter ended December 31, 2008.

The Consolidated results are as follows:

The Audited Consolidated results as per Indian Generally Accepted Accounting Principles (IGAAP) are as follows:

The Group has posted a net profit of Rs 19764.10 million for the quarter ended December 31, 2008 as compared to Rs 14285.60 million for the quarter ended December 31, 2007. Total Income has increased from Rs 70179.50 million for the quarter ended December 31, 2007 to Rs 96885.00 million for the quarter ended December 31, 2008.

Read the full post...

Praj Ind. results updates.

The results for the Quarter ended December 31, 2008

The Company has posted a net profit of Rs 473.10 million for the quarter ended December 31, 2008 as compared to Rs 394.50 million for the quarter ended December 31, 2007. Total Income has increased from Rs 1861.50 million for the quarter ended December 31, 2007 to Rs 2199.10 million for the quarter ended December 31, 2008.

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Reliance Power result updates.

The results for the Quarter ended December 31, 2008

The Company has posted a net profit of Rs 1070.704 million for the quarter ended December 31, 2008. Other Income is Rs 1275.622 million for the quarter ended December 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended December 31, 2008

The Group has posted a net profit after tax and minority interest of Rs 1056.811 million for the quarter ended December 31, 2008. Other Income is Rs 1313.091 million for the quarter ended December 31, 2008.

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A marginally of 5.6% in Inflation.

Having moved southward for a few weeks, inflation rose to 5.6% for the week ended January 10 from 5.24% a week earlier.
Earlier a Reuters poll predicted that the inflation rate was expected to have fallen to an 11-month low in the second week of 2009., triggered by a fall in the prices of manufactured goods.


The median forecast of 14 economists was for 5.05% rise in the wholesale price index in the 12 months to January 10, compared with 5.24% in the previous week.

Analysts said an eight-day truckers strike in early January would have pushed up the food price index and slowed the decline in the inflation rate.

Inflation raced into double digits in June last year after the government raised fuel prices. It peaked at 12.91% in early August, forcing the RBI to raise the repo rate to a seven-year high of 9%.

But since mid-October, the RBI has cut the repo rate by 350 basis points as the global financial crisis and high borrowing costs took a toll on economic growth.

Many analysts expect the inflation rate to fall below 2% by the end of March, sharply off the RBI's target of around 7%. - ET

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Q3 Earnings Update!

My 2 cents on what to expect of the earnigs being announced today.

Reliance Industries - A big question mark on Q3, but whatever the management has to say today will define how the indexes move. It is most weighted stock in Senex & Nifty and is bound to pull its weight

Ranbaxy Laboratories Ltd - Good scrip to look out for especially after
Japan company merger. I think Healthcare is recession proof.

Bharti Airtel - Is expected meet estimates for Q3. But Outlook will be worrying due to saturation in current markets. Newer market penetration will require capital expenditure which will be hard to come by in Q4.

Idea Cellular - I am a seller of this Telecom company. With too much competion and a price war looming, margins will be affected, it will be difficult to survice without a merger with one of the bigger companies or even 2 smaller partners working together.

Kotak Mahindra - One of the better investment and financial banks. They seem to have limited exposure to any toxic assets. I will be a buyer of this stock at these levels. Earnigs should be encouraging.


-- About Me --

I am Tushar Makhija, co-founder of stockezy.com and like contributing to IndianMoneyPlus.com. I like the open minded approach of the authors. Looking to participate more. If you guys are interested in meeting many such like-minded bloggers and people interested in investing, check out stockezy.com

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Market outlook and Intraday tips for 22nd Jan.

US markets rallied . Obamas Effect.
Europe markets ended flat.
Asia has opened mixed.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075

Nifty: (2706) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2758-2779

If we have a gap up opening , markets will not be able to sustain all its gains.


Day Trading Ideas.


Reliance Ind.

Buy above 1125 for targets of 1131 and 1136

Sell below 1109 for targets of 1103 and 1097


RNRL

Buy above 50.45 for targets of 51.20 and 52.50

Sell below 48.10 for targets of 47.25 and 46.50


Unitech

Buy above 30.10 for targts of 30.90 and 31.65

Sell below 28.50 for targets of 27.45 and 26.90


Happy Investing.


Latest post on Squamble.

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Market outlook and Intraday tips for 21st Jan.

>> Wednesday, January 21, 2009

Its been one year since markets have fallen from its peak. Last year on 21st Jan we saw Indian markets saw a blood bath.
US markets plung badly.
Europe is marginally lower.
Asia has opened weak.
India is bonded to open negative.

The target for the Sensex is 8945 and the resistance to the up move is at 9528-9708

Nifty: (2797) the target for the Nifty is at 2686 and the resistance to the up move is at 2870-2922



Day trading ideas


HDIL

Buy above 106 for targets of 108 and 110

Sell below 102.25 for targets of 100 and 98.20


Power Grid

Buy above 88.10 for targets of 89.85 and 91.25

Sell below 84.20 for targets of 82.10 and 80.50


Educomp Solutions

Buy above 1978 for targets of 1985 and 1993

Sell below 1958 for targets of 1950 and 1940


Happy Investing.


Are u angry on Ramalinga Raju? Then hit him with a rotten egg on his face.


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Market outlook and Intraday tips for 20th Jan.

>> Tuesday, January 20, 2009

US markets ended marginally positive.
Europe ended a negative note.
Asia is bonded to open flat to negative.
Expect Indian Markets to follow the same trend.
Markets now looking highly oversold.
The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708
Nifty: (2846) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Satyam saga is yet not over.

Day Trading ideas -

Jet Airways
Buy above 192 for targets of 195 and 198
Sell below 182 for targets of 178 and 175

HDIL
Buy above 113 for targets of 117 and 120
Sell below 107 for targets of 103 and 100

Adlabs
Buy above 185 for targets of 188 and 192
Sell below 172 for targets of 169 and 165

Buy for short term
Rajesh Exports at 21 for targets of 25 with a SL of 19.40
Karuturi Global at 13.85 for targets of 18 with a SL of 11.50

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Happy Investing

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Market Outlook 19 January onwards and calls.

>> Monday, January 19, 2009

Nifty View on Weekly Chart

Nifty weekly chart has formed “Hammer “ which suggest some amount of pull back in market in next week but in addition to this if we talk on intermediate term then Nifty has formed “Symmetrical Triangle Pattern” pattern which has given bearish breakout and below 2700 (on closing basis) we may see 2307/2260/2074 in short term. Upper side looks remote at this juncture and Trader should use every rally to exit their long position. Weekly RSI is in neutral region, Stochastic is exhibiting negative region and MACD has given positive divergence.

Support:- 2755/2700 (Major Support)

Resistance:- 2878/2891/2918

Nifty View on Daily Chart

Nifty EOD chart has formed “Long white candle “ which suggest bullish trend to continue in coming days and “Double top” has formed at 2835 level above this we may see some bullish formation on chart. Like weekly chart, Daily chart has also formed “Symmetrical Triangle Pattern” which suggest bearish formation for intermediate term but only below 2700-2695 level. Stochastic and RSI is exhibiting positive divergence and MACD has given Negative divergence.

Support:-2800/2782

Resistance:- 2835/2853/2867

Nifty January Future (2815)

NF has formed “Double Top” at 2826 level on daily chart. Above 2826 it may test 2850/2875/2889 where has support formed at 2779.

Reliance Industries (1217)

Stock has potential to move up to 1275-1290 level (intra Day) and very strong support formed at 1181 level on closing basis. 1255 is a level where stock will form very bullish break out on channel line and sustain above this we may see 1325 (positional swing Trade Target)

Trade with Positive Bias.

SBI (1164)

Stock has formed “Double Top” at 1177 level sustain above this it may test 1191/1210 level and trend line support formed at 1150 Level.

BHEL (1404)

Stock has formed “Double Top” at 1410 sustain above this it may test 1445 and support formed at 1382.

Tata Power (773)

Stock has formed “Double Top” at 777 above this it may test 800/815 and support forms at 758

Gail (208)

Stock has formed “Morning Star Pattern”. Above 210 it may test 221/224 and support formed at 202.

Moser Baer (68)

Trade with positive bias above 68 with stop loss of 65.50 Target 74/76

Those who can not keep adequate Stop Loss please do not trade in my Calls.


By Dhawal Joshi

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Market outlook and Intraday tips for 19th Jan.

US markets ended positive on Friday.
Europe also ended positive.
Asia has opened positive.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 9200 and the resistance to the up move is at 9528-9708

Nifty: (2828) the target for the Nifty is at 2740 and the resistance to the up move is at 2870-2922

Markets may not be able to sustain all its gains and may remain volatile.


Day Trading Ideas -


Unitech
Buy above 31.10 for targets of 31.90 and 32.50
Sell below 29.15 for targets of 28.60 and 28.10

Suzlon

Buy Above 52.15 for targets of 53.50 and 54.90
Sell below 49.50 for targets of 48.75 and 48.10

Infosys

Buy Above 1277 for targets of 1285 and 1293
Sell below 1257 for targets of 1250 and 1245


Sesa Goa
Buy above 78.50 for targets of 79.25 and 79.90
Sell below 75.45 for targets of 74.80 and 73.90

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Happy Investing

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Weekly news letter and Stocks to watch out for.

>> Sunday, January 18, 2009

Satyam saga is still going on. Inflation is cooling and IIP numbers come good.
We saw volatility last week.
The comming week I dont expect much of upside.
I am bullish on FMCG and Cement stocks and to some extent energy stocks such as NTPC and BHEL.

Stock to watch out this week.

NTPC
LNT
Punj Llyod
BHEL
Unitech
Suzlon

Written By -
Vinod Jethmalani.

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NIFTY Weekly Technicals

Markets were volatile last week but rebounded again.

Satyam saga still continuous as Raju wants a bail.
Markets cherished on Friday on account of global cues.
Now Inflation is at 11 months low at 5.24%.
Nifty is now in slaggy mode. Expect a range bounded movement from here.
NIFTY has a support at 2790 and 2710 and a resistace at 2950 and 3025.
Only if NIFTY crosses 2950 we would touch 3000 mark.

Simple Moving Averages -

5 D

8 D

13 D

20 D

39 D

50 D

200 D

2784

2853

2920

2940

2861

2877

3981


We are currently in 50 D moving averages. If crossed we can reach 3K mark.

Fibonacci price projections-

0%61.8%100%161.8%261.8%
Up28133019314733533687
Dn31472941281326072273

Chart - 


Chart shows slightly berrish movements.
But Monday expect a positive opening.

Happy Investing.

Do you know Zimbabwe rolls out 100 trillion Z$ notes !

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Weekly support and resistance.

>> Saturday, January 17, 2009

NIFTY has a support at 2790 and 2710 and a resistace at 2950 and 3025
Sensex has a support at 9100 and 8910 and resistance at 9540 and 9740

Do you know Zimbabwe rolls out 100 trillion Z$ notes !

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Stocks to look out for 2009

Bharti Airtel - Upside expected of 25% from CMP.
Unitech - Upside expected of 150% and even more from CMP.
Suzlon - Upside expected of 50% or more from CMP.
R Com. - Upside expected of 30% or more from CMP.
LNT - Upside of 25% to 40% from CMP.
Sun Pharma - Upside of 20% from CMP
Ranbaxy - Upside of 35% from CMP.
HDIL - Upside of 40% from CMP.
NTPC - Upside of 25% from CMP.

And just remember FD would have given you 10% returns in one year. And just see what these stocks can possibly give you.
Data is prepared by Vinod Jethmalani.

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Federal Bank Q3 net soars 98.11%.

>> Friday, January 16, 2009

Federal Bank, one of the oldest private sector banks in India, reported a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the bank rose 98.11% to Rs 2,038.90 million from Rs 1,029.20 million in the same quarter previous year.

Interest earned for the quarter rose 35.11% to Rs 8,764.20 million, while total income for the quarter jumped 41.93% to Rs 10,412.30 million, when compared with the prior year period.

During the quarter, the bank reported earnings of Rs 11.92 a share, a decline of 0.83% over the prior year period.


Quarterly Results - Standalone (Rs in mn)
As at Dec - 08 Dec - 07 %Change
Interest Income 8,764.20 6,486.60 35.11
Net Profit 2,038.90 1,029.20 98.11
Basic EPS 11.92 12.02 (0.83)

MyIRIS

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Volkswagen Group car sales jump 47% in India in 08

The Volkswagen Group in India has achieved a growth of 47% in the year 2008 with group`s three brands viz; Audi, Skoda and Volkswagen delivering in total 18,725 vehicles to customers as compared to 12,718 cars sold in 2007.

Sales figures achieved by Volkswagen Group in India in the year 2008 as compared to the last year i.e. 2007 are as follows:

BRAND

2007

2008

Growth

Audi

349

1,050

201%

Skoda

12,170

16,046

32%

Volkswagen Passenger Cars

199

1,629

719%


Total

12,718

18,725

47 %

``This achievement for the Volkswagen Group in India stands testimony to our success in the country since the start of our operations. It was an exciting year 2008 with launches of the Audi A4, Audi TT, Audi R8, the Skoda Fabia and the Volkswagen Jetta. In addition to that we have also successfully strengthened our dealership network for all three brands across the country and created a pan India presence. As a Group, we have become synonymous with cutting edge technology and engineering, comfort and safety which is what customers look for. This makes us more confident of our journey ahead and encourages us to move forward to realize our plans for the Indian market``, said Joerg Mueller, president and managing director, Volkswagen Group India. - MyIRIS.

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Jet Airways Q3 loss widens to Rs 2,141.80 mn

Jet Airways (India) loss for the quarter ended December 2008 has widened. During the quarter, the loss of the company rose to Rs 2,141.80 million compared with a loss of Rs 911.20 million in the same quarter previous year.

Net sales for the quarter rose 24.60% to Rs 30,228.30 million, while total income for the quarter rose 21.69% to Rs 30,630.70 million, when compared with the prior year period.

The company reported loss of Rs 24.81 a share during the quarter compared with loss of Rs 10.55 a share in prior year period.


Quarterly Results - Standalone (Rs in mn)
As at Dec - 08 Dec - 07 %Change
Net Sales 30,228.30 24,259.80 24.60
Net Profit (2,141.80) (911.20) -
Basic EPS (24.81) (10.55) -

Shares of the company gained Rs 1.95, or 1.26%, to settle at Rs 157.05. The total volume of shares traded was 282,926.00 at the BSE (Friday). - MyIRIS

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