Check Coal India Application Status, click the link below
http://www.linkintime.co.in/site/ipo.asp
Sunday 31 October 2010
Monday 25 October 2010
Range Trading : GVK Power & Infrastructure Ltd
Range Trading
A strategy that involves buying as price moves to lower support levels and selling as price moves to upper resistance levels
GVK Power & Infrastructure has been largely trading in the range of 40 to 50 levels from almost a year.
Buy at around 42
Sell at around 50
Gain 19%
Risk : Sell it if it breaks 40 and trades below 40 level for few days
Reward : Hold if moves above 50 on large volume
A strategy that involves buying as price moves to lower support levels and selling as price moves to upper resistance levels
GVK Power & Infrastructure has been largely trading in the range of 40 to 50 levels from almost a year.
Buy at around 42
Sell at around 50
Gain 19%
Risk : Sell it if it breaks 40 and trades below 40 level for few days
Reward : Hold if moves above 50 on large volume
Sunday 24 October 2010
Range Trading : GMR Infrastructure Ltd
Range Trading
A strategy that involves buying as price moves to lower support levels and selling as price moves to upper resistance levels
GMR Infrastructure has been largely trading in the range of 50 to 66 levels from almost a year.
Buy at around 50
Sell at around 62
Gain 24%
Risk : Sell it if it breaks 50 and trades below 50 level for few days
Reward : Hold if moves above 62 on large volume
A strategy that involves buying as price moves to lower support levels and selling as price moves to upper resistance levels
GMR Infrastructure has been largely trading in the range of 50 to 66 levels from almost a year.
Buy at around 50
Sell at around 62
Gain 24%
Risk : Sell it if it breaks 50 and trades below 50 level for few days
Reward : Hold if moves above 62 on large volume
Saturday 16 October 2010
Amtek Auto
If you like buying good quality stocks at rock bottom price then "Distressed Stocks" section is for you. These are good company stocks but at almost 52 week low price.
Today's Stock is
Amtek Auto
http://www.amtek.com/
For more details about Amtek Auto click on the above links
Today's Stock is
Amtek Auto
http://www.amtek.com/
For more details about Amtek Auto click on the above links
Buy Mahindra and Mahindra - Target of Rs 831
PINC Research is bullish on Mahindra and Mahindra and has recommended buy rating on the stock with a target of Rs 831 in its October 15, 2010 research report.
“Mahindra and Mahindra (M&M), with a major rural presence, is expected to benefit from strong monsoons this year. The automobile segment is expected to record volume growth of 20.8% in FY11, after an impressive 30% growth in FY10. The tractor segment is expected to grow 10.3% in FY11, due to increased demand from the construction and infrastructure sectors.”
“Mahindra and Mahindra will move on this key
1) Ssangyong, Korea, has selected M&M as a preferred bidder. The acquisition would provide M&M a 2-3 year leap in terms of product development. Financial details on the transaction are awaited. 2) Production for the JV with Navistar has begun at the Chakan plant.
2) M&M has received EPA approval for launch in the US.
3) There is strong demand for small commercial vehicles (SCVs), the fastest-growing CV segment, which M&M recently entered into with the launch of Maximmo and Gio.
4) The company is expected to roll out expansion plans to ramp up capacity given current growth in the tractor segment.”
“We expect EPS of Rs 39.6 and Rs 43.7 in FY11 and FY12 respectively. Our FY11 earnings estimate is 3.3% lower than consensus estimate of Rs 40.9. We value M&M using SOTP at Rs 831, discounting the standalone business at 14x FY12E earnings," says PINC Research report.
“Mahindra and Mahindra (M&M), with a major rural presence, is expected to benefit from strong monsoons this year. The automobile segment is expected to record volume growth of 20.8% in FY11, after an impressive 30% growth in FY10. The tractor segment is expected to grow 10.3% in FY11, due to increased demand from the construction and infrastructure sectors.”
“Mahindra and Mahindra will move on this key
1) Ssangyong, Korea, has selected M&M as a preferred bidder. The acquisition would provide M&M a 2-3 year leap in terms of product development. Financial details on the transaction are awaited. 2) Production for the JV with Navistar has begun at the Chakan plant.
2) M&M has received EPA approval for launch in the US.
3) There is strong demand for small commercial vehicles (SCVs), the fastest-growing CV segment, which M&M recently entered into with the launch of Maximmo and Gio.
4) The company is expected to roll out expansion plans to ramp up capacity given current growth in the tractor segment.”
“We expect EPS of Rs 39.6 and Rs 43.7 in FY11 and FY12 respectively. Our FY11 earnings estimate is 3.3% lower than consensus estimate of Rs 40.9. We value M&M using SOTP at Rs 831, discounting the standalone business at 14x FY12E earnings," says PINC Research report.
Saturday 9 October 2010
Godawari Power & Ispat
Karvy Stock Broking has maintained an outperformer rating on Godawari Power & Ispat with a target of Rs 260 in its October 7, 2010 research report.
“In Q2FY11, we expect Godawari Power & Ispat (GPIL) to report a sales growth of 19% (YoY) and 2.2% (QoQ) to Rs 1822 million. Steel segment sale is expected to record a 15% (YoY) growth, primarily driven by 9% improvement in realization over Q2 FY10. Further, power segment is expected to record sales of Rs 272 million in Q2 FY11, 140% growth (YoY) backed by volume growth of 87% (YoY), with expanded power generation capacity. Sequential, sales growth is estimated ~2%, where steel segment should grow by 3.4%. Steel segment realization is expected to be flat sequentially; while volume to inch up by ~5%. Despite above 30% volume growth, power sales to register only 2.5% (QoQ) growth, as we expect 22% drop in realization, in line with lower merchant power prices.”
“We expect GPIL to maintain EBITDA margin of 19.8%, in line with Q1 FY11. However, it would be 843 bps margin expansion (YoY), owning to backward integration through iron ore mines and pellet plant. In Q2 FY11, we estimate EBITDA of Rs 360 million, 107% growth (YoY) and 2% growth (QoQ). Net profit should be around Rs 134 million, a flat growth sequentially but staggering 436% growth (YoY) backed by back ward integration coupled with improved steel prices. GPIL had faced production constraint in Q1 FY11; hence production slipped below our estimates. We expect constraint to continue in Q2 FY11 also. Hence, we retain our valuation cautiously and watch the production constraint issue. We retain our target price at Rs 260 (1x FY12 BV) but upgrade rating from Market performer to Outperformer owning to recent price correction,” says Karvy Stock Broking research report.
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