Small Stocks Intraday Tips for 21st January 08
COMSYS 
( Compulink Systems Limited)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 49.6 | 49 | 51 | 52.5 |
| SELL BELOW | 48.7 | 49.5 | 47.8 | 46 |
( Geojit Financial Services Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 123.5 | 122 | 127 | 135 |
| SELL BELOW | 119 | 123.3 | 115 | 111 |
( GTL Infrastructure Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 81 | 80 | 84 | 89 |
| SELL BELOW | 79 | 80.5 | 75 | 71 |
1. Kohinoor foods @ 126.50 Pivot price 123.35
Buy T1 131.45 T2 136.35
Sell T1 118.40 T2 110.35
2.Pratibha Inds @ 409.20 pivot price 393.70
Buy T1 442.50 T2 475.80
Sell T1 360.40 T2 311.60
3. Infosys @ 1468 Pivot Price 1482.45
Buy T1 1513.95 T2 1529.50
Sell T1 1466.90 T2 1435.40
4. Zen Tech @ 139.30 Pivot price 137.93
Buy T1 144.50 T2 149.80
Sell T1 132.60 T2 126.00
Short Term (2-4 weeks)
1. SBIN @ 2368 S/L 2300 T 2540-3000
2.PNB @ 637 S/L 595 T 720-820
3. Bank of Maha @ 80.35 S/L 75 T 96-107-120
4. Seimens @ 1949 S/L 1800 T 2250-2500
5. GMR Infra @ 203 S/L 180 T 270-320
6. Cipla @ 202 S/L 185 T 227-245
W4 BOTTOMING
W4 Bottoming means that the stock has corrected upto its first retracement levels and is ready to make new highs ,the trend line is broken and has given a breakout buy .
-------------
BUY CURRENT MONTH CALL/PUT
This is an option call and the sl in f/o is to be considered only at closing,an intraday sl should not be considered
---------------------------
XTL BREAKOUT
This parameter has a confirmation of closing for the first time above the 12 day weekly moving average.
-----------------------------------
SAR
This parameter gives you upper target and reverse target after stoploss
Buy Bharti @ 877 target 893 sl 858 SAR 838
Buy FT @ 2363 target 2425 sl 2310 SAR 2270
BTST
ZEN TECHNOLOGIES Ltd. (135/-) (10/- Face Valueshare) TARGET 1000/- Long Term.
Recently The company has declared its quarterly results for quarter ending December 2007.It has reported quarterly sales of Rs. 4.64 crores and net profit of Rs. 2.53crores. On an equity capital of Rs. 7.64 crores, the quarterly EPS is Rs. 3.5 (Rs.14 annualised). The NPM has been maintained at 50%.
ZEN Technologies Ltd Issue warrants (convertible in to Equity Shares 4,50,000) and Equity Shares 4,50,000 at 135/- to Rakesh Jhunjhunwala and Rekha Jhunjhunwala & Peomoters (3,50,000) on preferential basis on 18 Jan 2008. Check the bseindia site for this this company Annoncements.
This stock should not be looked at 2-3 days point of view. My suggestion to every investor would be to remain invested for very long term or dont repose the faith in this company. Management is a good enterprising team with good values and you can rest be assured they will start getting orders very soon. They may announce some big orders in march,08 but that is not the end of the stock. This stock is a 4 figure stock at some point and when is something elusive. But with global spend on DEFENCE this kind of innovative companies products will be in demand and lot of scope for exports, primarily to african countries and middle east as well. They may open office in africa as well at some point if its financially viable. they have invested a handsome amount in middle east office for a definite reason. one needs to understand that. They are just growing in size at a moderate pace now and when they get the big orders in the coming years they will expand to many countries and thats when you would see the real valuation coming up. My take is if someone can hold for 4-5 years this stock should touch 4 figure mark. Just visit the website of zen technologies and also see the global potential of such simulator companies and their market capitalization and you will be flabbergasted at the gross undervaluation. If you look at the previous fii investments some leading names have entered and exited because the delivery did not happen in the anticipated time. Now with their expansion kicking off as per schedule very soon you will see fii's again buying in a big way and this stock will catch the fancy of some good savvy investors and this time it will zoom to unchartered territory where it will be continuosly locked in upper circuit after upper circuit, because their intellectual capital is worth more than 1,500 crores.
ZEN TECHNOLOGIES LIMITED (ZEN), incorporated in 1993, is a pioneer in the design, development and manufacture of world class, (DEFENCE) state-of-the-art training simulators. Our mission is to provide to our customers, the highest level of products and services in our areas of expertise. ZEN is an ISO 9001:2000 (QMS) and ISO/IEC 27001:2005 (ISMS) Certified Company.
Zen Technologies Ltd has CRISIL has assigned 'SME 1' rating to the Company on April 24, 2007. This rating indicates 'Highest level creditworthiness' adjudged in relation to other Small and Medium Enterprises.
ZEN has been at the forefront of applying new technologies and developing new products and is actively involved in indigenization of technologies, which are helpful for Indian security forces. ZEN was the first company in India to commercialize PC-based visual simulation technology for small arms training simulators.
ZEN has developed an advanced version of ZEN iFATS- Advanced Weapon Simulator (ZEN AWeSim), which comes in two versions, one integrated with un-tethered weapons and other one with tethered weapons. ZEN AWeSim can train up to 8 firers simultaneously and provides for 3D based targets and video-based scenarios for developing judgmental and reflex skills.
This company has a great future.Here are the estimated financial projections:FY2007-08 & FY2008-09Sales Revenue 20.00 Cr. & 50.00 Cr.Profit After Tax 10 Cr. & 25 Cr.EPS Rs.15 & Rs.34.5.Even if we give a conservative P/E of 10, It should be trading at Rs.350+ based on FY 2008-09 earnings. Note: EPS was calculated based on the current equity.Will not disclose my one and two year targets for this scrip as it may make your eyes pop out!Enter current price at 135/- Short term Target 250/- Long Term Target 1000/-.
After hitting a recent high of Rs 75, Gujarat Intrux (48.00) has corrected sharply to less than 50 levels giving a good opportunity to buy for long term. It’s a small company based in Gujarat and is mainly engaged in the production of stainless steel, alloy steel and non-alloy steel castings. Apart from catering to domestic market it has been exporting its product to Israel, U.K., Spain, Germany, U.S.A., and Australia. Due to robust demand for its product, company is planning to enhance its production capacity by 3600 MTPA. Whereas it’s existing production capacity is merely 1800 MTPA. Financially, it’s a debt free company and has been making highest tax provisioning of around 35% of PBT. For H1FY08, it registered 20% growth in topline to Rs 14 cr but NP was almost flat at Rs 1.40 cr. Hence it may clock a turnover of Rs 28 cr and profit of Rs 2.75 for FY08 i.e. EPS of Rs 8 on small equity of Rs 3.40 cr. However the huge fluctuation in the price of raw materials i.e. Scrap and Ferro alloys is a cause of concern. Still considering company’s expansion plan and management’s capability it can be added at declines.
Shilp Gravures (70.00) is undisputed leader in electro-mechanical engraving, with a substantial market share of around 40% for flexible packaging industry in India. In simple terms it manufactures electronically gravure/engraved cylinders which are eventually used for rotogravure printing. It has a 300-strong client list which includes India's most reputed names like HLL, Britannia, Amul, Nestle, Cadburys, Tata Tea, Pepsi Foods, Haldiram, P&G, Reliance, ITC, Colgate, Mcdowells etc thereby having a pan India presence. On the back of retail boom and strong demand from FMCG sector, company is doing exceedingly well. It has reported very encouraging nos for first two quarters because of higher realization and increased volume. Sales jumped up 45% to Rs 18 cr whereas PAT more than doubled to Rs 3.50 cr thereby registering a very healthy OPM of 44%. Interestingly its H1FY08 profits have already surpassed the entire FY07 net profit of Rs 2.90 cr. Hence accordingly it may end FY08 with sales of Rs 38 cr and NP of Rs 7.50 cr which leads to an EPS of Rs 12 on equity of Rs 6.15 cr. Keep accumulating at declines.
Span Diagnostic (90.00) is a pioneer and trend-setter of high quality products used by pathology & clinical laboratories in the diagnostics industry and also one of the largest manufacturers of diagnostic reagents. Hence it supplies variety of instruments and consumables besides reagents and kits required by modern clinical laboratory. To strengthen its market share in overall diagnostic market, it has recently formed a new subsidiary especially for R&D of instruments. It has exclusive tie-ups with reputed companies worldwide for marketing, distributing and servicing diagnostic products in India. Moreover company also undertakes contract manufacturing of a wide range of quality reagents and kits in bulk for private labels. For six months ending Sept’07 it has reported excellent nos with sales up 55% to Rs 32 cr and PAT up 130% to Rs 2.50 cr. Importantly it has been able to improve its operating margin to 14% against 11% last fiscal. So it may end FY08 with total revenue of Rs 70 cr and PAT of Rs 4.25 cr. This translates into EPS of Rs 13 on small equity of Rs 3 cr. Again buy at sharp declines only.
Sukhjit Starch (155.00) is mainly engaged in manufacturing edible and non edible maize starch, dextrine, liquid glucose and dextrose monohydrate. It also produces sorbitol, maize oil, maize gluten, maize husk, high maltose syrup, oxidized/pregelatinized starch etc. Notably, it is the only multi-locational group in India as of now with a combined installed capacity of 1,50,000 tons corn grind per annum. It is expected to report encouraging nos for Dec qtr as it started commercial production at its new Himachal Pradesh plant in July 2007. This new plant has enhanced the capacity by nearly 25% and is dedicated for high margin starch and derivative products especially for pharmaceutical industry taking shape in Baddi, HP. Company has an impressive clientele including corporates like Britannia, Dabur, Colgate, HLL, Heinz, Ballarpur, Berger paints, JCT, Mahavir Spinning, Wockhard etc. On a conservative basis, it is expected to end FY08 with sales of 175 cr and NP of 18.50 which translates into EPS of 25 Rs on equity of 7.40 cr. A safe bet in current market sentiment.
Indo Asian Fusegear Ltd - 165.00 Rs
From a modest beginning in 1958 by Mr. V.P. Mahendru, Indo Asian Fusegear Ltd (IAFL) has today, grown into a multi-product, multi-location company specializing in manufacturing and marketing a wide range of high-tech electrical products used for distribution, protection, control and conservation of electrical energy. Infact it enjoys the status of being the first company in India - to introduce miniature circuit board in homes, to produce residual current-operated circuit breakers with internationally recognized CB certification, to manufacture energy efficient compact fluorescent lamps and the only one to produce ROHS (Restriction of Hazardous Substances) compliant i.e. less mercury CFLs. Broadly, company deals in two segments - switchgear and lighting of which former contributes around 80% of the revenues and the balance 20% comes from lighting segment. Under switchgear division, it produces hundred of products such as MCB, MCCB, RCB, distribution boards, SPD, HRC fuses, cubicle switch, onload changeover, rewireble switches, feeder pillars, modular switches, wiring accessories etc. It also manufactures special application products like time switches, contactors, MPCB, relays, plug & socket etc. Under lighting category it deals in CFL, FTL (Fluorescent Tubular Lamps), domestic luminaires and commercial luminaires. Notably, IAFL is the largest manufacturer of CFLs and MCB’s in India. Besides, it is among the largest exporter of circuit protection equipments and CFLs to European countries including UK, Germany etc and Middle East, South Africa, Srilanka and Australia. As on today, exports contribute round about 20% of total sales.
IAFL boast of having eight plants across Punjab, Haryana, UP, HP and Uttrakhand out of which five are dedicated for switchgear production, two for lighting business and one for wires & cable. Importantly, its new CFL & switchgear plant in tax free zone of Haridwar with a capacity of 10 & 15 million units respectively has started production recently only. With commencement of these facilities company has enhanced its production capacities substantially and expects to grow at a CAGR of 75~80% for next 2~3 years. It has entered into various technical and strategic tie-ups with international majors like Indo Kopp, Nordex Lighting, Theben, Woertz, Lovata electric etc. Notably, its brands like “Indo Asian”, “Indo Kopp” “Ecolite” & “Hausmann” are associated as quality products and are very well accepted not only in domestic market but globally as well. To compliment this, company has a wide geographical market coverage including 30 offices across India, 850+ distributors, 35000+ electrical retail outlets and overseas offices in Dubai & Germany. To tap the nearby countries, company has made some arrangement with the local players to distribute its products in Nepal and Srilanka. On the other hand, earlier it made a tie up with Brilliant AG-Germany for marketing their complete range of modern style indoor and outdoor lighting equipments, fittings & accessories in India.
As a part of diversification, IAFL is venturing into cables & wires manufacturing business and has recently promoted a subsidiary to implement Rs 100 cr project in phases. Further it has set up another wholly owned subsidiary to undertake power distribution projects on behalf of state electricity boards, corporations and utilities on franchise basis and has already secured two contracts for a period of three years aggregating to Rs 50cr from the electricity board of Madhya Pradesh for distributing power in Jabalpur. Meanwhile, company has set up a JV (51:49) with Simon-Europe to manufacture and market high quality wiring accessories, building automation and intelligent switching systems, especially for industrial and commercial use. This will be one of its kind plants in India which is being set up in Uttrakhand at an initial project cost of Rs. 30 cr and is estimated to commence operation by mid 2008. Moreover it is also putting up a facility in Saudi Arabia - in joint venture with Saudi National Glass, for manufacturing of CFLs and high intensity discharge lamps (HID Lamps), with an investment of Rs 20 cr.
In short, to leverage the burgeoning opportunities in the Indian and global power industry, IAFL has aggressively ramped up its production capacity and is diversifying into emerging business opportunities like home & building automation products, power distribution projects & wires/cable business. It is at the inflexion point and will report bumper nos for the FY09 on back of increased capacity and improved capacity utilization. Meanwhile for FY08, on a conservative basis it is estimated to clock a turnover of more than Rs 300 cr and PAT of Rs 20 cr i.e. EPS of Rs 14 on current equity of 14.60 cr. But it has the potential to post Rs 24 EPS for FY09. However company is looking to raise nearly Rs 200 cr thru equity route to fund its future growth plans which may dilute the equity substantially going forward. Despite this, investors are advised to buy at current levels for a price target of Rs 250 (50% appreciation) in 9~12 months.
Lloyd Electric & Engineering Ltd - 178.00 Rs
Lloyd Electric and Engineering Ltd (LEEL) was incorporated in 1988 primarily as a backward integrated unit of Fedders Lloyd Corp, the leading group company to manufacture coils for air conditioners. Hence it specializes in the custom design and manufacture of heating and cooling coils including 'U' bend and return bend tubes for heat exchanger coils, system tubing, header line etc and sheet metal items for air-conditioning and refrigeration applications. Over the year it has emerged as India’s largest manufacturer of evaporator and condenser (E&C) coils with around 60% market share. E&C coils are critical components in AC manufacturing next only to the compressor and account for approximately 20% of the cost of manufacture. Offlate, company has got itself forward integrated into lucrative business of contract manufacturing of window / split air conditioners for various multi national companies in India. Thus company is an OEM supplier to almost all AC manufacturers in India and its clientele includes Samsung, Electrolux, Carrier, Haier, Voltas, Blue Star, LG, Hitachi, Whirlpool, Diakin to name a few. Importantly, LEEL has also ventured into manufacturing of roof mounted packaged unit i.e. packaged AC for railway coaches on turnkey basis which includes designing, manufacturing, supplying, installation and maintenance. Hence it has set up service station all around India like at New Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, Jaipur, Guwahati and Culcutta specially for maintaining the AC package units installed on the railway coaches. Presently, LEEL derives roughly 60% revenue from coils, 30% revenue from contract manufacturing of AC’s and balance 10% from railways.
Earlier, LEEL was operating thru two manufacturing facilities located at Bhiwadi in Rajasthan and Kala-Amb in Himachal Pradesh, but from last fiscal it commenced operation at its new plant in Dehradun (Uttaranchal) with an installed capacity of 2,00,000 coils & 2,00,000 airconditioners. Thus its total manufacturing capacity stands enhanced to 12,25,000 coils whereas assembling capacity got doubled to more than 4,00,000 ACs. The biggest positive for the company is that it enjoys a 10 year excise duty and income tax exemption at its Kala-Amb and Dehradun facilities and would be paying sales tax at a concessional rate. To expand its product range further, company is now diversifying to produce roll bond and frost free coils for refrigerators and has tied up with a Korean company, Hanyung Alcobis for the same. With this it would become the first manufacturer in India, as the entire requirements of these coils are generally met thru imports and that too mainly from Korea. Hence to maintain its future growth LEEL is in the process of setting up a Greenfield plant near JNTP port on Mumbai-Pune highway with an initial capacity to produce 2,00,000 frost-free refrigeration coils, 4,00,000 AC coil and 2,00,000 units of air conditioners. It has already acquired 25 acres land and is looking to start the plant by mid 2009. Meanwhile, LEEL has signed a MoU with Air International Transit Pty Limited, an Australia-based company for designing, manufacturing and supplying of AC package units to metro rail in India. Accordingly, company is actively pursuing Delhi Metro Rail Corporation (DMRC) Phase 1 extension and Phase 2, for the metro coach air conditioners and expects to get substantial orders in future. Besides company is also exploring the possibilities of export of coils and components for the new metros coming overseas.
To fund its expansion plan company been regularly raising capital thru equity route may it be GDR or preferential allotment of shares/warrants. After raising Rs 50 cr thru allotment of 40 lakh shares @ 125 Rs earlier, company has recently allotted 50 lakh warrants to be converted @ Rs 225 per share thereby making arrangement to get fund to the tune of Rs 100 cr in future. Further it is contemplating to raise Rs 200 cr thru QIB route which combine may lead to 40% equity dilution. However, in a continuing climate of economic buoyancy, the domestic market for Heating, Ventilation, Air-conditioning and Refrigeration industry (HVACR) is growing at a healthy pace. Secondly, with the increase in disposable income, change in lifestyle and easy availability of finance at low rate of interest has led to the sharp growth in air conditioner segment. Fundamentally, company is doing exceedingly well and has recorded 40% growth in topline as well as bottomline for H1FY08. In view of that it is expected to end FY08 with sales of Rs 650 cr and NP of Rs 58 cr i.e. EPS of Rs 19 on current equity of Rs 31 cr. However, frequent equity dilution may cap the upside potential of the share price. Still investors are recommended to buy at current levels with a price target of Rs 275 (60% appreciation) in 15 months.
Use the Portfolio available
-----------------------------------------------------
High Risk/ reward
Trading Range 5950-6125
Nifty Jan Fut Hold 6000 Puts – should the Nifty fail to breach the 5980 mark book profits.
Above 5935 Target 6095. Below 5895 Target 5730. Buy declines or buy above 5935 stop 5895 Target 6080/6125
Reliance Jan Fut Above 3110 Target 3200 Below 3090 Target 3000
Momentum Calls
India Bulls Buy above 880 stop 855 Target 930/960
HPCL Jan Fut Buy stop 330 Target 360 +
Positional Calls
CMC Jan Fut Buy above 1165 stop 1140 Target 1245+
Iflex Jan Fut Buy above 1450 stop 1425 Target 1530+
Or Buy CNX IT Jan Fut Buy above 4185 Stop 4135 Target 4300
1. RIL @3093.65 Pivot price 3087
Buy T1 3150 T2 3207
Sell T1 3030 T2 2967
2. MRPL @ 127.65 Pivot price 126.80
Buy T1 131.45 T2 135.25
Sell T1 123.00 T2 118.35
3. IDBI @ 160.50 Pivot price 168.75
Buy T1 176.95 T2 181.53
Sell T1 164.00 T2 156.00
4. RPL @ 221.15 Pivot price 215.45
Buy T1 226.70 T2 232.25
Sell T1 213.85 T2 206.55
5. Educomp @ 5354.75 Pivot price 5240
Buy T1 5654 T2 5954
Sell T1 4940 T2 4526
1. RIL @3093.65 Pivot price 3087
Buy T1 3150 T2 3207
Sell T1 3030 T2 2967
2. MRPL @ 127.65 Pivot price 126.80
Buy T1 131.45 T2 135.25
Sell T1 123.00 T2 118.35
3. IDBI @ 160.50 Pivot price 168.75
Buy T1 176.95 T2 181.53
Sell T1 164.00 T2 156.00
4. RPL @ 221.15 Pivot price 215.45
Buy T1 226.70 T2 232.25
Sell T1 213.85 T2 206.55
5. Educomp @ 5354.75 Pivot price 5240
Buy T1 5654 T2 5954
Sell T1 4940 T2 4526
W4 BOTTOMING
W4 Bottoming means that the stock has corrected upto its first retracement levels and is ready to make new highs ,the trend line is broken and has given a breakout buy .
BUY ADHUNIK METALS @ 203
BUY CURRENT MONTH CALL/PUT
This is an option call and the sl in f/o is to be considered only at closing,an intraday sl should not be considered
Buy C1 of IDBI of sp 175 @ 7.90 with a target of 12 and sl of 161 in f/o
XTL BREAKOUT
This parameter has a confirmation of closing for the first time above the 12 day weekly moving average.
Buy FLAT PRODUCT @ 491
SAR
This parameter gives you upper target and reverse target after stoploss
------------------
BTST
TRGT FOR BEL @ 1969 SL 1875
Small Stocks Intraday Tips for 17th January 08
IFCI ( IFCI Limited)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 86 | 84.5 | 87.6 | 90 |
| SELL BELOW | 83.5 | 85 | 82.5 | 80 |
( Apollo Tyres Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 54.5 | 53.2 | 56.1 | 58 |
| SELL BELOW | 52.8 | 54 | 51.5 | 49 |
( UCO Bank) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 77 | 75.5 | 78 | 80 |
| SELL BELOW | 75 | 76 | 74 | 72 |
Free Intraday Tips for 17th January 08
APOLLOTYRE ( Apollo Tyres Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 54.5 | 53.2 | 56.1 | 58 |
| SELL BELOW | 52.8 | 54 | 51.5 | 49 |
( Bank of India) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 448 | 443 | 460 | 475 |
| SELL BELOW | 439 | 445 | 428 | 410 |
( Reliance Industries Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 3100 | 3090 | 3150 | 3200 |
| SELL BELOW | 3070 | 3095 | 3030 | 2980 |
High Risk/ reward
Trading Range 6250-6165
Nifty Jan Fut Hold /Add Buy 6000 Puts. Above 6227 Target 6245 Below 6195 Target 6165 or lower. Sell rallies or sell below 6195 trailing stop 6250 Target 6165 or lower
REL Jan Fut Above 2520 Target 2570 Below 2500 target 2440
ICICI Bank Jan Fut Sell below 1410 stop 1430 Target 1375 or lower
Momentum Calls
HOEC Jan Fut Buy above 150 stop 148 target 155+
GAIL Buy above 515 stop 510 Target 530+
Bajaj Auto Jan Fut Sell stop 2525 Target2425 or lower
Small Stocks Intraday Tips for 15th January 08
NAGPURENG ( Jayaswals Neco Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 79 | 76 | 80.2 | 82.2 |
| SELL BELOW | 75 | 76.3 | 74 | 70 |
( Exide Industries Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 87 | 86 | 91 | 96 |
| SELL BELOW | 84 | 86.2 | 82 | 78 |
( Apollo Tyres Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 56 | 54 | 58 | 61 |
| SELL BELOW | 53 | 54.3 | 51.3 | 47.3 |
W4 BOTTOMING
W4 Bottoming means that the stock has corrected upto its first retracement levels and is ready to make new highs ,the trend line is broken and has given a breakout buy .
BUIY NEYVLI LIGNITE @245
BUY CURRENT MONTH CALL/PUT
This is an option call and the sl in f/o is to be considered only at closing,an intraday sl should not be considered
Buy C1 of NTPC of sp 290 @ 11.25 with a target of 18 and sl of 266 in f/o
XTL BREAKOUT
This parameter has a confirmation of closing for the first time above the 12 day weekly moving average.
Buy BARTRONICS @ 258
SAR
This parameter gives you upper target and reverse target after stoploss
------------------
BTST
trgt for kotak bank @1313 sl 1268,
trgt for lupin @ 629 sl 610
Vijay Shanthi Builders Ltd (523724)
Buy @ 142
Tgt: 175+
SL: 120
Date Stock Face Value CMP EPS PE Book Value Reserve in Cr
15-Jan-08 Vijay Shanti Builders 10 145.25 11.50 12.63 23.67 16.5
Dividend Paying Total Equity in Crore Reserv Ratio Funamentally Strong Rank in Peer Co
10.00% 1.206 13.68 Yes 14/28
Sales Growth in Cr
2003 2004 2005 2006 2007
18 26.76 36.11 77.94 108.83
48.91% 34.94% 115.84% 39.63%
Profit in Cr
2003 2004 2005 2006 2007
1.13 1.59 2.53 3.4 8.11
40.71% 59.12% 34.39% 138.53%
Free Intraday Tips for 15th January 08
EXIDEIND ( Exide Industries Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 87 | 86 | 91 | 96 |
| SELL BELOW | 84 | 86.2 | 82 | 78 |
( NTPC Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 285 | 280 | 291 | 298 |
| SELL BELOW | 278 | 281 | 274 | 263 |
( Axis Bank Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 1280 | 1240 | 1315 | 1365 |
| SELL BELOW | 1220 | 1245 | 1192 | 1111 |
Bihar Caustic & Chemicals Limited (BCCL) was incorporated in 1976 as a joint venture between the Aditya Birla Group and the Bihar State Industrial Development Corporation, primarily with the objective of catering to the caustic soda requirements of Hindalco and to contribute towards the economic development of the backward region of Palamau district in Jharkhand. Today, it is among the leading caustic soda producer in the northern and eastern region of the country. Apart from caustic soda it also produces liquid chlorine, hydrochloric acid, sodium hypochlorite, compressed hydrogen and has recently ventured into aluminum chloride. In India, about 45% of the chemical industry depends upon the caustic soda industry as essential inputs for a host of industries like soap and detergent, aluminum, paper & newsprint, fibre, glass, tyre, chemicals & petrochemicals, pharmaceuticals, water treatment, dyes, textiles, oils, etc. However being a subsidiary of Hindalco Industries, BCCL is having an added advantage of assured off-take of caustic soda by the parent company. It also has a hydrogen bottling facility which provides an additional stream of revenue.
In early 2006, BCCL shifted the manufacturing process of the plant from its earlier mercury technology to the latest energy efficient and environment friendly state-of-art membrane cell technology. Simultaneously it also expanded is caustic soda production capacity by 50% from 150 TPD to 225 TPD at an estimated investment of Rs.112 cr. So presently its plant boast of having an installed capacity of 225 TPD of caustic soda, 200 TPD of liquid chlorine, 130 TPD of hydrochloric acid, 150,000 Nm3/day of compressed hydrogen and 3 TPD of sodium hypo chlorite. Further, company is in process of expanding capacity of its caustic soda plant by 20% to 265 TPD by addition of electrolysers as well by debottlenecking. Hence in order to gainfully utilize the additional chlorine produced after expansion; BCCL has recently commissioned an aluminum chloride plant in Jan’07. This plant has a capacity of 12000 TPA and will boost the topline considerably once fully operational. Aluminum chloride is basically used as an input for manufacturing of aluminum. Secondly, it has also taken a decision for setting up a stable bleaching powder (SBP) plant at an estimated cost of Rs.7.50 cr which will consume another 20 MT of captive chlorine per day. Importantly, as caustic soda production is power intensive, BCCL has put up its own 30 MW coal based captive power plant due to which its energy costs are lower than its peers. Although company is vulnerable to caustic soda price movement but with aluminum sector expected to remain buoyant and Hindalco being its biggest customer, this is relatively a safer bet.
To conclude, BCCL is poised for a good performance in the coming years due to the progressive improvement in capacity utilization of plant, projected expansion and addition of value added products like aluminum chloride and stable bleaching powder. Notably, BCCL also enjoys the highest operating margins among it peers - even better than Gujarat Alkalies and Chemfab Alkali. For H1FY08, its sales improved by 20% to Rs 79 cr and profit increased by 45% to Rs 21 cr. Accordingly it is estimated to clock a turnover of Rs 185 cr and PAT of Rs 45 cr which leads to an EPS of Rs 19 on current equity of 23.40 cr. Ironically, share price was trading around Rs 80 in Sept 2005 when Sensex was around 8500 and still this scrip is available around same levels even though Sensex has shot up to 21000. Hence it has been a huge underperformer despite sharp improvement in its fundamentals. Offlate, company has been on uptrend and hit a new high of Rs 105 few days back. There are also rumors that it may get merged with Hindalco industries. But if this happens, the true value of BCCL wont be unlocked, as the merger ratio will more favorable to the parent rather than subsidiary. Still investors are recommended to buy at current levels as scrip has the potential to touch Rs 150 in medium term.
JK Lakshmi Cement Ltd (JKLC) was established in 1982 by hiving off the cement division from JK Corporation and is a part of well known HS Singhania group which has diversified interest in tyres, paper, sugar, clinical research, textile, auto ancillary etc. Since then, over the 25 years JKLC has emerged as a leading and reputed cement manufacturer in the northern and western markets. It basically markets three variants of cement under ‘JK LAKSHMI” brand which is a very popular brand today and is renowned for its strength, quality and performance. Besides, company has also forayed into lucrative ready mix concrete (RMC) & plaster of paris (POP) business thru its brand “JK Lakshmi Power Mix” & “JK Lakshmiplast” respectively. Apart from having its own marketing offices, company has a wide network of about 1,500 dealers spread across Rajasthan, Gujarat, Delhi, Haryana, UP, Uttaranchal, Punjab, J&K, HP and Mumbai. Presently, almost 65% of total sales of company accrue from northern region and balance 35% from western region.
JKLC’s state-of-the-art plant located at Jaykaypuram, distt. Sirohi, Rajasthan boast of using latest technology from M/s Blue Circle Industries and modern equipments from M/s Fuller International of USA. To cash on the buoyancy in the cement industry, it has rapidly expanded its capacity to 3.40 million from 2.40 million TPA during last fiscal. With cement demand expected to remain robust in coming years, it is further enhancing its capacity to 5 million TPA by Oct 2008. On the back of continuous & serious efforts by the company, the blended cement now contributes nearly 70% of total sales against 46% earlier. Notably, blended cement has a better margin as the cost of production is low due to mixing of 20% fly ash. But most importantly, company has installed and commissioned two pet coke based captive power plants of 18 MW each in March’07 and July’07 respectively. With this it has become self sufficient in respect of power requirement and will also be able to bring down its power cost considerably to the extent of more than Rs 15 cr per annum. On the other hand, it is betting high on RMC business as it has great potential along with high margins. Currently it is operating 5 RMC plants, but is aggressively expanding to add at least 5 to 6 plants more in near future. Hence, in all it has capex of around Rs 400 cr of which nearly 25% will be funded thru debt and balance thru internal accruals. It will also be getting Rs 35 cr thru conversion of 41 lac warrants allotted to group company @ Rs 97 Rs per share in June’06.
To maintain its growth momentum in future, JKLC intends to set up a Greenfield cement plant near Bhilai, Chhattisgarh with a capacity to produce 2.5 million TPA. For this company has identified couple of limestone mines and is looking to apply for mining lease. Meanwhile, it has replaced its high cost debts by cheaper funds to the extant of Rs 325 cr, which will reduce interest costs going forward and hence company has come out of the Corporate Debt Restructuring (CDR) purview. On the back of terrific nos for Sept qtr, it recorded 50% growth in sales to Rs 534 cr and Net profit increased by 130% to 142 cr for H1FY08. Hence even on a conservative basis, it may clock a turnover of 1100 cr and PAT of 210 cr for FY08 which translates into EPS of Rs 34 on fully diluted equity Rs 61.20 cr. However, the recent undue concession offered by the government for import of cement, including zero percent import duty, removal of countervailing duty and SAD, has put the Indian cement industry to a competitive disadvantage position which was already subjected to high cost of manufacturing vis-a-vis their counterparts in countries like China, Thailand, Indonesia. Despite this, investors are recommended to buy at current levels for a target of Rs 280 (55% return) in a year’s time.
Free Intraday Tips for 11th January 08
NAGPURENG ( Jayaswals Neco Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 68 | 67 | 69.9 | 72 |
| SELL BELOW | 66 | 67.4 | 64.5 | 62 |
( United Phosphorous Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 410 | 404 | 422 | 440 |
| SELL BELOW | 398 | 408 | 392 | 378 |
( Gujarat NRE Coke Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 138 | 135 | 142 | 148 |
| SELL BELOW | 134 | 136 | 131 | 126 |
Clutch Auto a 36 years young manufacturer of 500 different types of clutch discs and assemblies ranging from sizes of 160-420 mm has 60 % of the Indian market.It is an OEM supplier to Maruti, M& M ,Tata Motors, Eicher, Mazda,PTL,Bajaj,Escorts,BEML and to ordinance factories for Military tanks. Clutch Auto produces over 20 lakh clutches every year. Its an R & D driven organisation with 16 patents as of date in India and USA to its credit..Clutch Auto acquired clutch divison of Pioneer Inc,in US to strengthen its position in US market.Supplying to Pioneer’s clients with the Pioneer brand name which will further help the company to penetrate easily in US markets. Its QS 9000 certified company with factories in Delhi and Haridwar.In Delhi the factory is located in NCR region on Mathura Road on a plot of 30,000 sq. meters.Company’s Financials on YOY basis are showing more than 50 % growth in both top and bottom lines.
Clutch Auto reported a 11% rise in net sales for Q2FY08, over Q1FY08  mainly supported by rising sales from domestic market. It achieved net sales of Rs 50.4 crore, with domestic sales contributing Rs 40 crores (up 14 %) and export sales of Rs 10 crore (up 2 %). Net profit growth was restricted to 7.7% due to higher interest outgo. The company reported net profit of about Rs.4 crore, translating into an EPS of Rs 2.5 for Q2 on diluted equity of Rs 16.3 crore.During the last quarter Q1FY08 , 800,000 equity shares were allotted on conversion of warrants on preferential basis, increasing equity capital to Rs16.3 Crore.The company is planning to manufacture some of its products from its new plant at Haridwar (Uttaranchal), which attracts tax benefits.The company is trying to enter into A and B segment vehicles. It also plans to focus on exports especially to US and this is expected to pick up in coming months.
At CMP of Rs.115 Co’s mkt cap. is less than Rs.190 crores.With the new factory at Haridwar getting commissioned, there is a distinct possibility that the Co. may sell its factory land on the periphery of New Delhi and get compensation in excess of its present market cap.. By relocating the entire factory to Haridwar the Co.will avail of tax benefits in addition to nil interest outgo .This will improve the bottomline atleast two fold.One can expect an EPS of Rs.25 in the next 2 years and a share price of Rs. 250 in LT.
Buy at CMP of Rs. 115 with 2 years HOLD is recommended .
COMPACT DISC India Ltd. (109.15 /-) (10/- Face Value share) TARGET 350/-. Quoting BSE COMPACT DISC India Ltd Trading in BSE at 109.15 /- in B2 Group. 10/- FaceValue. 170/- for Short TermTarget & 350/- Long Term. Strong Fundamentals. I am bullish on this stock. Today The company has declared its quarterly results for quarter ending December 2007. It has reported quarterly sales of Rs. 30.11 crores and net profit of Rs. 6.03 crores. On an equity capital of Rs.9.57 crores, the quarterly EPS is Rs. 6.29 (Rs.25.16 annualised). The NPM has been maintained at 20%. Compact Disc India Limited (CDIL) is one of the largest animation outsourcing organization in South Asia, presently executng projects worth USD 40.00 Million. The company is into production of outsourcing & co-production projects. The company has recently been awarded new animation film project worth USD 19.80 Million '3000 B.C'. The company is into production of animation films, game development and motion pictures. The product range covers all the segments of entertainment i.e. big screen (theatres), small screen (home videos & television) and personal screen (personal computers). Animation Outsourcing is the new wave in outsourcing. A wave driven by shortage of skilled labor, by the imposed competition of globalization, by the need for speed and by the economies of scale that promise bottom-line benefits of reduced costs, improved quality, enhanced efficiencies and sharpened focus on core activities. Owing to the huge availability of skilled talents and a robust communications backbone, Indian production houses have caught the fancy of global animation and game production companies. Having sensed this trend, the company has aligned its competencies and positioned itself as an animation outsourcing partner. The company has entered into an exclusive animation outsourcing contract with iMedia Ventures Ltd., a part of world's largest media house and a pioneer in Digital Entertainment. This group has presence in 28 countries with an annual turnover of US9.60 million for the year ended on December 31, 2006. The company enjoys membership of the following prestigious organizations: - Federation of Indian Chambers of Commerce and Industry (FICCI) - Confederation of Indian Industry (CII) - Indian Motion Picture Producers' Association (IMPPA Also promoters are going to allot pref allotment to themselves and also allot shares to PE players. One of the boarder here has given a value of 140rs for PE players allotment.. It is woth noting that both the Top Managment people i.e. Chairman Sureshkumar and Managing Director Gautamji are well qualified M.B.A.s and very competent in Animation field. This company has a great future. Here are the estimated financial projections: FY2007-08 FY 2008-09 Sales Revenue 103.00 Cr. 150.00 Cr. Profit After Tax 21.50 Cr. 33.00 Cr. EPS Rs.22.5 Rs.34.5 Even if we give a conservative P/E of 5, It should be trading at Rs.170+ based on FY 2008-09 earnings. So there is a long way to go. Investors with faith in CDIL management and having patience will definitely earn a lot. Note: EPS was calculated based on the current equity. Will not disclose my one and two year targets for this scrip as it may make your eyes pop out! Enter current price at 109.15 /- Short term Target 170/- Long Term Target 350/- Strong Fundamentals.
Free Intraday Tips for 9th January 08
RANASUG ( Rana Sugars Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 24.2 | 23.9 | 24.7 | 25.7 |
| SELL BELOW | 23.8 | 24.1 | 23.2 | 22.3 |
( Reliance Natural Resources Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 245 | 241 | 250 | 255 |
| SELL BELOW | 239 | 242 | 236 | 227 |
( Reliance Industries Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 3045 | 3033 | 3090 | 3130 |
| SELL BELOW | 3025 | 570 | 3010 | 2970 |
Small Stocks Intraday Tips for 9th January 08
RANASUG ( RANA SUGARS LTD)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 24.2 | 23.9 | 24.7 | 25.7 |
| SELL BELOW | 23.8 | 24.1 | 23.2 | 22.3 |
( Malu Paper Mills Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 70 | 68 | 74 | 80 |
| SELL BELOW | 66 | 68 | 63 | 58 |
( Himachal Futuristic Communication Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 60 | 59 | 60.5 | 65 |
| SELL BELOW | 57.5 | 59.5 | 56 | 54 |
Small Stocks Intraday Tips for 8th January 08
ASHOKLEY ( Ashok Leyland Ltd)
| Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 57 | 53 | 61 | 66 |
| SELL BELOW | 51 | 53 | 48 | 41 |
( B.A.G Films and Media Limited) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 98 | 93 | 102 | 108 |
| SELL BELOW | 90 | 93.2 | 86 | 76 |
( Alps Industries Ltd) | Action | Trigger Price | Stop Loss | Target 1 | Target 2 |
| BUY ABOVE | 88 | 86 | 92 | 97 |
| SELL BELOW | 85 | 86.5 | 82 | 76 |
You have noticed the scrips zooming.
More for today
1. Blue Bird @86.45 S/L 84.50 T1 91 T2 93
2. STL Global @ 43.50 S/L 41 T1 46.50 T2 49
3. BajajHind @ 364.00 S/L 356.00 T1 382.40 T2 400.00
4. RNRL @231.00 S/L 228.00 T1 237.60 T2 244.00
5. TvsMotor @78.50 S/L 77.45 T1 80.35 T2 82.00
6. Ashokleyland @56.35 S/L 53 T1 61 T2 66
~ profitsharing.blogspot.com
************
Syncom Formulation (58.00) is a Mumbai based small pharmaceutical companies offering more than 250 products in various dosage forms including tablets, capsules, dry syrups, ointments/creams, dry powders, injections and ampoules. Being WHO-GMP certified, company's products are exported to more than 15 countries including China, Vietnam, Latin American Countries Kenya, Uganda, Sudan, Russia, Ukraine, Maldova and Domino Republic. It also offers comprehensive contract manufacturing services including pilot plants, technical services, quality control and regulatory services for both domestic as well as foreign companies. Its prestigious expansion cum modernisation project at Pithampur is near completion. Last fiscal, launched a new division "Cratus Life Care" to expand its operations in domestic market and expects this division to become the driver for growth in the coming years. For FY08 it is expected to clock a turnover of Rs 70 cr and net profit of around Rs 4.50 cr i.e. EPS of Rs 8 on equity of Rs 5.92 cr. Hence, this debt free and constant dividend paying company can be bought at current market cap of Rs 35 cr.
D&H Welding Electrodes (42.00) is one of an established manufacturer of welding consumables inclding submerged arc welding flux and wires, low heat input welding alloys, welding trans and rectifier, manual metal arc electrode etc. Thus it offers a wide range of welding electrodes for diverse applications and has developed various special and ultra-special electrodes to meet the ever increasing and multifarious needs of customers. Last fiscal it successfully commissioned the flux-cored wire project. To maintain its future growth company is planning to expand the existing manufacturing capacity by 2500 MT per annum thru a capex of Rs 3 cr and is putting special thrust on export. Although no extraordinary growth is expected in this company still for FY08 it may do a sale of about Rs 38 cr and net profit of Rs 2.60 cr. This leads to an EPS of Rs 5 on equity of Rs 5.60 cr. Can be bought only at sharp declines.
Led by two technocrats - Jitendra Sura and Tejas Sura, Conart Engineers (45.00) is a small infrastructure company involved in detailed engineering, procurement and construction of industrial, commercial & residential projects. It specializes mainly in civil construction projects for the textile, pharmaceutical, heavy engineering, chemical industries, commercial complexes, effluent treatment systems etc, which involve civil engineering and structural work, sanitation & plumbing, etc. However, company couldn’t capitalize the ongoing boom in infrastructure sector as well as strong industrial growth. For FY07, it reported a flat topline of Rs 19 cr and a decline of 30% in net profit to Rs 0.74 cr. But for H1FY08 things have improved a bit with 30% & 45% growth in topline and bottomline respectively. Still, being a more than three decade old company it has far more potential to perform. Accordingly its is estimated to may end FY08 with revenue of Rs 25 cr and PAT of Rs 1.25 cr i.e. EPS of Rs 4 on small equity of Rs 3 cr. Like Petron Engineering this is also a good takeover candidate and may change hands sooner or later.
Lokesh Machines (142.00) is engaged in the design, development and manufacture of custom built special purpose machines and general purpose CNC (computerized numerical controls) machines along with their components. Presently, it derives 70% revenue from machining division whereas rest 30% comes from auto component division. Company primarily caters to customers in the auto OEM, auto ancillaries and general engineering space with separate dedicated facilities for M&M and Ashok Leyland. Off late, it has also made a foray in the overseas markets and has also got 100 machine order from its technical partner Wenig Wemas-Germany. For the latest Sept qtr, sales grew by 25% to 28 cr and profit increased by 50% to 3.40 cr. To fund its growth plan company came out with an IPO at Rs.140 per share in April 2006 and raised Rs.42 cr. On listing day it hit a high of 300 Rs, whereas currently it’s available at 50% discount to that. For FY08 it is expected to clock a turnover of 110 cr and PAT of 14.50 cr which leads to an EPS of Rs 12 on equity of Rs 11.80 cr. Scrip has the potential to touch Rs 200 in few months.
~ all the above from saarthi.blogspot.com
********************************
BUY GTC INDS. @674
BUY CURRENT MONTH CALL/PUT
This is an option call and the sl in f/o is to be considered only at closing,an intraday sl should not be considered
Buy C1 of INFOSYS of sp 1710 @ 68.10 with a target of 90 and sl of 1630 in f/o
XTL BREAKOUT
This parameter has a confirmation of closing for the first time above the 12 day weekly moving average.
Buy RCOM @ 790 & Buy BRITANIA @ 1538
SAR
This parameter gives you upper target and reverse target after stoploss
~All these from mystockcopy
******************************
