Intraday Tips and Market outlook for 25th Aug.

State of Markets abroad :
US markets ended mixed.
Europe ended in green.
Asia has opened and trading in red.
Expect a gap down opening.
The logical target for the Sensex is 15500-15314 and the resistance is at 15783-15904
Nifty: (4643) the logical target for the Nifty is at 4600 and resistance is at 4700-4790

Day Trading Ideas :

Praj Ind : Buy above 94 for targets of 95.10 and 96.05. SL of 93.10

IndusInd Bank : Buy above 101 for targets of 102.10 and 103.05. SL of 99.90

HDIL : Buy above 297 for targets of 300 and 305. SL of 291

Happy Investing!

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Intraday Tips and market outlook for 7th July

State of Markets abroad :
US markets ended mixed.
Europe ended in red.
Asia has opened mixed.
Expect the Indian Markets to open flat to positive.

The support for the Sensex is 13400-12600 and the resistance to the up move is at 14420-15000
Nifty: (4166) the support for the Nifty is at 3870 and the resistance to the up move is at 4250

Day Trading Ideas :

LNT : Buy above 1475 for targets of 1486 and 1495. Keep a SL of 1463.

Praj Ind : Buy above 88.50 for targets of 89.25 and 90.45. Keep a SL of 87.65

Airtel : Buy above 791 for targets of 808 and 815. Keep a SL of 793

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Intraday tips and market outlook for 11th June.

State of markets abroad :
US markets ended marginally lower.
Europe ended a bit higher.
Asia is trading flat to negative.

Expect the Indian markets to open positive.

NIFTY Technicals :
Trin at : 1.105
Nature is buy mode.
Support: 4574.95 & 4494.7
Resistance: 4712.2 & 4769.2

Day trading ideas :

Praj Ind. : Buy above 112 for targets of 114 and 116.50 keep a SL of 109.

Rajesh Exports : Buy above 52 for targets of 53.20 and 55. Keep SL of 50.25

Adlabs : Buy above 415 for targets of 419 and 425. Keep SL of 409.

Happy Investing !

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Profits from IndianMoneyPlus.Com's Receomendations.

My research have given a huge return over a period of time.

Here is a snap shot of it -

Hercules Hoists Ltd. recomended on 27th March at Rs 87 and now CMP of 148.35 in less than two months.

Nestlay India Ltd recomended on 8th March at Rs 1417 and now CMP of 1710 in two months.

OnMobile Global Ltd recomended on 7th March at Rs 230 and now CMP of 339 in two months odd.

Praj Industry recomended on 2nd March at Rs 49.50 and now CMP of 88.95 in 2 months odd.

Financial Technology Ltd recomended on 1st March at Rs 423.60 and now CMP of Rs 923 in 2 and a half month.

NTPC recomended on 1st March at Rs 184 now at Rs 205.

Educomp Solution recomended on 23rd feb at Rs 1771 now at Rs 2671.

Rajesh Exports recomended on 14th Feb at Rs 25 now at Rs 31

LNT recomended on 7th Feb at Rs 638 now at Rs 1400

Areva T&D recomended on 7th feb at rs 189 now at Rs 293.

Read this " Stocks to look for in the year 2009 "

And many more. We will now come up with weekly research report on various stocks. We will try out for 3 research report every week.

Cheers.

Happy Investing.

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Intraday Tips and Market outlook for 23rd of April.

US markets ended mixed.
European markets ended higher.
Asian markets have opening mixed.
Expect Flat to positive opening in Indian Markets.
Support for NIFTY is at 3284 and 3238.
Resistance for NIFTY is at 3388 and 3446.
High volatility expected in todays trade.

Day Trading Ideas -

Unitech
Buy above 49.50 for targets of 52 and 53.50
Sell below 47.10 for targets of 46.20 and 45.50

Praj Ind.
Buy above 69.90 for targets of 71.50 and 73
Sell below 67.10 for targets of 66.25 and 65.10

RIIL
Buy above 658 for targets of 665 and 672
Sell below 649 for targets of 645 and 639

HDIL
Buy above 131 for targets of 135 and 138
Sell below 126 for targets of 122 and 119

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Intraday tips and market outlook for 1st April.

US markets ended higher.
Asian markets are also trading higher.
Expect Indian Markets to open positive.
Volatility expected in todays trade.

The support for the Sensex is 9332 and the resistance to the up move is at 9900

Nifty: (3021) the support for the Nifty is at 2900 and the resistance to the up move is at 3050

Day Trading Ideas -

Suzlon Energy
Buy above 43.90 for targets of 44.85 and 45.55
Sell below 40.25 for targets of 39.50 and 38.45

Praj Industry
Buy above 59.25 for targets of 60.80 and 61.75
Sell below 55.25 for targets of 54.20 and 53.85

Other stocks worth todays trade - IFCI , ICICI, RPL, RNRL, Reliance Energy.

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Intraday Tips and Market outlook for 19th March.

US markets had a good week so far. Yesterday too the US markets rallied.
Europe ended mixed.
Asia has opened marginally lower.
Expect Indian markets to open flat to negative.

The support for the Sensex is 8950 and the resistance to the up move is at 9140-9378

Nifty: (2795) the support for the Nifty is at 2750 and the resistance to the up move is at 2848-3142

Day Trading Ideas -

TCS
Buy above 511 for targets of 515 and 518
Sell below 501 for targets of 495 and 491

Unitech
Buy above 26.90 for taregts of 27.45 and 28.10
Sell below 25.10 for targets of 24.80 and 24.35

Praj Industry
Buy above 51.10 for targets of 52.25 and 53.10
Sell below 48.10 for targets of 47.50 and 46.90

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Multibagger Call - Praj Industry Ltd.

Scrip: - Praj Industry Ltd.
CMP: - 49.50
BSE Code: - 522205
52 Week H/L: - 221.90 - 49.10
Market Cap: - 904.36
Target: - 110 (Only for Long term investors - 1 Years view.)

World Economic Forum (WEF) have bought out a list of 200 growth companies out of which 22 companies are from India. These companies generally considered as having potential to change the global economic landscape. Praj Industry stands at 6th in the Indian List.

Summary: -
Pune-based Praj Industries is an engineering company and is the market leader in ethanol technology. It provides turnkey project implementation services to set up ethanol distillation units. The company has developed technologies to produce ethanol from a variety of feedstock such as sugarcane, sweet sorghum, corn etc and is trying to develop a commercially viable method to convert cellulose into ethanol.Besides ethanol - which accounts for over 80% of its revenues - the company also carries out distillation for breweries and plans to enter the bio-diesel space.
Praj has executed projects in over 35 countries. Over the past couple of years, it has taken steps to strengthen its global presence. These include an acquisition in the US and tie-ups with foreign companies in Europe and Brazil. With this, the company has established its presence in key markets across the world.

Key Financials: -
Praj's net profit has witnessed a cumulative annual growth rate (CAGR) of 43.2% over the past 10 years.
Considering Praj's current order book, ability to win new orders and investment in research & development, we expect the company to maintain its EBIDTA margins above 20%.
For FY09, we expect Praj to report earnings per share (EPS) of Rs 10.1 At present Praj has a PE of 5.98 with a CMP of 49.90.
If it meets the target of growth its market price would automatically rise.
Target of 89.90 (by year end)

Key Negative: -
The shareholding of the promoters and public has fallen, while institutional holding is on the rise.
Technicals are not in favour.

Key Positive: -
Ethanol and bio-diesel are gaining acceptance worldwide as eco-friendly fuels. Ethanol blending has already become mandatory for petrol in a number of countries, including its largest consumer, the US. The proportion of blending is slated to go up, with governments in the US and India mandating 10% blending over the next 2-4 years.
The company already has an order book of Rs 900 crore, which will be executed over the next 12 months. Praj is gearing up to cater to the fastpaced growth in future by expanding its capabilities. It has increased its manpower and set up its second manufacturing unit at Kandla SEZ. It has also established a full-fledged research centre for bio-fuels to develop new technologies in this field.

Rating -
Short term - 6/10
Medium Term - 6/10
Long Term - 9/10

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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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Fews stocks which are a value buy - Part 2

LIC Housing - Targeting gross NPA of 1.5% for FY09 and disbursement growth of 40%.

Currently trading at 0.8 times of its book value. Attractively valued at 2.8x and 2.2x of FY09E and FY10E EPS. Dividend yield of around 5% makes it quite attractive bet providing consistent performance.

Indian Hotels - Diversified portfolio of rooms spread across India and abroad. At current market price of Rs 46, the stock trades at 6.5x and 5.0x of its FY09E and FY10E earnings, respectively.

Attractive valuations keeping in mind its future expansion of properties and stability in ARRs and occupancy rates in the cities like Delhi & Mumbai. Certain major events like the Commonwealth Games planned in Delhi in 2010 would require addition to the inventory of rooms which would again help the company having good exposure in the capital.

The current market capitalization of less than Rs 3,500 crore is at a steep discount to the 86 hotel properties it owns and operates across India and abroad. In addition, it is developing various new hotel properties in different locations in India, South Africa, Dubai and Morocco.

Chennai Petro - Good track record of paying hefty dividends for past few years. Pure refining player with no marketing losses unlike IOC, BPCL and HPCL. Attractive dividend yield – around 14% on FY08 annualized dividend of 170%.

Currently trading at half of its book value. Capacity expansion by 1 mn tpa of Manali refinery to provide further boost to the business. Available at just 1.5x FY10E EPS.

Ambuja Cement - Strong balance sheet and low financial leverage with debt to equity ratio of 0.10. Attractive dividend yield of around 5% in the current calendar year.

Stock can get further fillip as Holcim is likely to further increase its stake in the company. Higher key return ratios like ROCE compared to peers. Cement company with the best operating parameters. Currently trading at 1.8 times of its book value.

Sterlite Industry - At the current price of Hindustan Zinc, the 64.9% stake of Sterlite Industries in Hindustan Zinc is valued at around Rs 9,000 crore.

Cash on book around Rs 9,900 crore after deducting debt. Current market capitalisation of Rs 15,400 crore is less than the sum of its stake value in Hindustan Zinc and cash on book. Current market capitalisation is just 1.7 times of its FY08 operating cash flows. The values that are expected to be realised from the energy business, zinc and aluminium expansion plans will certainly add much more value.

Last but certainly not the least, their existing business of aluminium and copper is not being valued at all by the market. Deeply undervalued stock of a very well established and diversified non ferrous metals player.

Praj Ind - It is a leading equipment manufacturer of ethanol and other chemicals.

Very strong order book, good technology platform and strong alliances in the US and other markets makes this company a very strong bet in the non-conventional energy space.- ET

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Market outlook and day trading ideas for 21th Nov.

Indian markets despite of good inflation numbers cracked badley due to global cues.

US markets yesterday saw a worst hit Dow down below 7550 points.

Europe was down over 3%.

Asia has opened weak.

Expect a gap down to flat opening in Indian Markets.

The support for the Sensex is 8649-8393 and the resistance to the up move is at 8775-8870

Nifty: (2553) the support for the Nifty is at 2500-2464 and the resistance to the up move is at 2754-2860

Day trading ideas.

LNT

Buy above 710 for targets of 716 & 723

Sell below 702 for targets of 696 & 690

Praj Ind.

Buy above 54.25 for targets of 56.30 & 58.80

Sell below 51.75 for targets of 49.10 & 47.90

Unitech

Buy above 35.60 for targets of 36.90 & 38.70

Sell below 33.80 for targets of 32.50 & 30.70

Happy Investing.

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