Weekly NIFTY Technicals , News Letter and Stock Ideas

Markets were volatile last week.
Get NIFTY Technicals here.

No special news this week.
Adani Power IPO which was offered at Rs100 opened at 8% premium.

Sectors on which we are bullish this week :
IT.
Pharma.

Stocks to watch out for this week :

Aurobindo Pharma : Buy above 690 for targets of 720 and 735. SL of 681

MNM : Buy above 800 for targets of 820 and 845. SL of 792

TATA Motors : Buy above 430 for targets of 440 and 448. SL of 425

Happy Investing!

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Tata Motors Q1 results

Tata Motors has posted a net profit of Rs 5137.60 million for the quarter ended June 30, 2009 as compared to Rs 3261.10 million for the quarter ended June 30, 2008.
Total Income has decreased from Rs 72440.50 million for the quarter ended June 30, 2008 to Rs 67239.90 million for the quarter ended June 30, 2009.

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Tata Motors Q4 net up 10% at Rs 591 cr

May 29 Tata Motors has reported a 10 per cent growth in net profit at Rs 591 crore for the quarter ending March 31, 2009 as against Rs 536 crore in the corresponding period last year. Net income dropped 21 per cent to Rs 6,895 crore (Rs 8,750 crore).

Net profit for the fiscal fell 51 per cent to Rs 1,001.26 crore (Rs 2,028.92 crore) while revenue was down 11 per cent to Rs 25,660.79 crore (Rs 28,739.41 crore).

High input costs and interest rates in the first half of the fiscal coupled with tight liquidity and low consumer sentiments in the latter half impacted margins, said Mr C. Ramakrishnan, Chief Financial Officer, at a press conference here on Friday. Tata Motors’ overall vehicle sales dropped 13 per cent to 5.06 lakh units (5.85 lakh units).

The company, however, improved its performance from the third quarter ending December 2008 when it reported a Rs 262-crore loss. “The October-December quarter was bad but each successive month turned out to be better. Barring heavy commercial vehicles, all segments have sprung back,” said Mr Ravi Kant, Managing Director, Tata Motors.

Capex cut

Mr Ramakrishnan said the company would go in for a substantial capital expenditure cut in the medium term. “Given our wide product portfolio, we have a capex plan of Rs 10,000 crore for 2-3 years. We are planning a cutback of about Rs 2,500 crore. Our product development plan will go on and the cutback will mainly be in capacity expansion,” he added.

The capex last fiscal was around Rs 4,000 crore and is expected to be in the range of Rs 3,000-3,500 crore in the next couple of years. Besides this, Tata Motors plans a cost reduction of Rs 1,000 crore for the next three years.

The board has recommended a dividend of Rs 6 on ordinary share and Rs 6.50 on “A” share. The company’s shares closed 1.20 per cent up on the NSE at Rs 336.85.

New MD

Mr Prakash M. Telang (61) is the new Managing Director of Tata Motors. He takes over from Mr Ravi Kant who steps down on June 1. Mr Kant will, however, continue as non-executive Vice-Chairman.

Source - Hindu Business Line.

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Intraday Tips and Market outlook for 8th of May.

US markets ended lower.
Europe ended flat and mixed.
Asia is trading lower.
Expect the Indian Markets to open flat to negative.
The support for the Sensex is 12000 and the resistance to the up move is at 12569-12857
Nifty: (3684) the support for the Nifty is at 3600 and the resistance to the up move is at 3735-3820.

Day Trading Ideas -

TATA Motors
Buy above 276 for targets of 279 and 284
Sell below 259 for targets of 255 and 251

Unitech
Buy above 54.25 for targets of 55 and 56.10
Sell below 52.10 for targets of 51.50 and 50.80

DLF
Buy above 256 for targets of 258 and 261
Sell below 247 for targets of 245 and 242

DCB
Buy above 25.90 for targets of 26.25 and 27.10
Sell below 24.10 for targets of 23.50 and 22.90

Power Grid
Buy above 98.45 for targets of 99.20 and 100.45
Sell below 95.45 for targets of 94.80 and 93.25

Happy Investing !

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Market outlook and Intraday tips for 20th Feb.

US markets crack down.
Europe ended flat.
Asia has opened flat. Expect Indian Markets to open flat to negative.

The support for the Sensex is 8865 and the resistance to the up move is at 9445

Nifty: (2789) the support for the Nifty is at 2727-2685 and the resistance to the up move is at 2890

Day Trading Ideas -

Hindalco
Buy above 41.25 for targets of 41.90 and 42.85
Sell below 38.95 for targets of 38.40 and 37.90

Tata Motors
Buy above 135.85 for targets of 136.50 and 137.85
Sell below 133.25 for targets of 132.40 and 131.90

Spice Communications
Buy above 84.10 for targets of 85.25 and 86.90
Sell below 79.95 for targets of 78.10 and 77.45

Happy Investing !

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Market outlook and Intraday tips for 4th Feb.

US markets ended higher after rebound in home sales was seen.
Europe ended higher too.
Asia has opended higher note. Expect the Indian Markets to open higher.

The support for the Sensex is 9034-8940-8868 and the resistance to the up move is at 9389

Nifty: (2767) the support for the Nifty is at 2705 and the resistance to the up move is at 2820

Day Trading Ideas

RNRL
Buy above 46.10 for targets of 46.80 and 47.50
Sell below 44.25 for targets of 43.90 and 43.20

Tata Motors
Buy above 136 for targets of 139 and 143
Sell below 128 for targets of 125 and 122

HDIL
Buy above 80.50 for targets of 81.90 and 82.65
Sell below 78.10 for targets of 76.85 and 75.90

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Happy Investing !

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Recession effect on TATA Motors.

TATA motors is closing it Pune factory for 3 days ( From this Monday). This closure is basically just for commercial vehicle segment. Passenger car segment will continue its production normally.
This step is taken because of slump in demand for these vehicles.

More over sales of passenger cars will see a further decline in comming months. It is yet to feel the pinch of recession.

More bad news is expected to come from this sector as well as this company.

This year proved to be a very unlucky one for TATA group as first they lost their Singur plant and later last month they faced a huge damage due to terror attack on Taj Hotel in Mumbai.

Hope the comming year brings cheer for TATA Group.
I am bullish on TATA Motors for long term view.
Happy Investing.

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Tata gets additional land from Uttarakhand govt for Nano

India`s largest automobile company, Tata Motors has been allooted 45 acres of extra land at its Pantnagar facility from the Uttarakhand government for Nano project, reports Business Standard.
The previous Congress government, had given Tata Motors, 955 acres of land for its Ace truck plant at Pantnagar, out of a promised total 1,000 acres, according to State Chief Secretary, I K Pandey.
This land allotment is likely to help the company in launching the world`s cheapest car priced at Rs 100,000.
The company moved the mother plant to Sanand in Gujarat from Singur, on account of opposition from Trinamool Congress over land acquisition.
It had originally planned to pump in Rs 15 billion at Singur but the investment was increased to Rs 20 billion, when it shifted to Sanand.
Originally, Nano was to be commercially launched around Durga Puja this year but postponed to the last quarter of this fiscal year. The company is planning Nano production, from its various locations, including Pune and Pantnagar untill the mother plant at Sanand is ready.
Shares of the company declined Rs 4.05, or 2.54%, to settle at Rs 155.60. The total volume of shares traded was 499,254.00 at the BSE (Friday). - MyIRIS

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