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GAMC No. :1703/2009-11. Issued by SSP Ahd. Valid up to 31-12-2011

VOL : 4 Issue No: 25
RNI No : GUJENG / 2008 / 24320

Price
st

15 Aug. 2011 to 21 Aug. 2011

th

Rs. 12/-

Market Scan
Jatin Sanghavi
(Mumbai) (M) 098205 26455 E-mail : jatinsanghavi100@yahoo.com PULL-BACK : A SELLING OPPORTUNITY :- The global financial markets went into a tailspin on Monday on the back of the news that the S & P downgraded the US for the first time in 70 years. Our market too opened with a big gap-down and fell below the 5000 level for the first time in a year. The bearishness is taking a toll on the market but the most affected are the small and mid cap stocks. Since the market is oversold, minor pull-backs cannot be ruled out. Such is the bear grip over the market that any minor pullbacks the market may witness, will be sold into. TECHNICALLY SPEAKING :The Sensex opened the week at 16907, made a high of 17256, a low of 16432 and closed the week at

Bear Grip Tightens

16839. The Sensex lost 466 points on a weekly basis. Similarly Nifty opened the week at 5083, made a high of 5204, a low of 4946 and closed the week at 5072. The Nifty too closed with a weekly loss of 139 points. Both Sensex and Nifty have formed a Big Opening Black

Buy of The Week

Hemant K. Gupta (Mumbai)

This Weeks Recommendations

Buy Buy Buy Buy Buy Pair CMP SL TGT-1 TGT-2 Asian P. 3229 3194 3273 3319 BATA 698 684 717 731 Hero Ho. 1890 1867 1924 1959 Munjal Auto 163 158 171 180 Jubilant F. 853 836 881 991

A Solid Pick In Infrastructure Segment

Rationale for Recommendation: Since last many months, infrastructure segment has been underperforming, mainly due to huge debt and execution risk by large players in this industry. However, there are few midcap players in Infra industry which are extremely well-managed and posting better nos despite inflationary pressures and continue to have earnings visibility for next 2 years at least. Incorporated in 1995, Delhi based MBL Infrastructure Ltd is in business of con2009-10 2008-09 struction and maintenance of roads and high- (Rs. Cr.) ways, industrial infrastructure, and other vivil Net Income 637.0 506.4 engineering projects for various government 36.99 27.38 bodies and other clients. Company has a PAT ready mix concrete and bitument divisions to ensure adequate and timely supuply of high quality of RMC and bitumen mixes. This makes MBL an integrated player in teh construction industry. In fact, rationale for recommending this scrip is that due to leaders of infra industry having delivered negative return to investors, share price of those companies which continue to perform exceedingly well are also languishing which provides an opportunity for value investors to pick such scrips and MBL is highly efficient having strict control over costs in its integrated business model and management ensures to participate only in those tenders where margins are better. (Cont.... on P 2)

MBL Infra (BSE Code : 533152) (Rs. 134)

INDEX LEVELS
S3 S2 S1 Close R1 Nifty 4693 4812 4946 5072 5160 Sensex 15651 16002 16432 16839 17171
body Marubuzo on the daily charts on Friday. On the weekly charts, the Nifty has formed a Bullish Doji Star which is a bullish reversal pattern but it requires confirmation in the form of a white body candle in the next week. Sensex has formed a Spinning Top formation having a small black body

Financial Performance

R2 R3 5252 5348 17493 17792

which is on similar lines as the formation in the Nifty. If the Sensex forms a white body candle in the next week, then we will have a confirmation of bullish reversal. Both the indices have left behind a second Measuring Gap

(Cont.... on P 6)

Dollar.....Dolla....re....dolla....re... Dollar.....Dolla....re....dolla....re...
Dollar in doldrums Obamas woes. Double dip. Is it.. ? Call it by any name, the crisis was visibly scarry. The downgrading of US debt papers from triple A to double A sent chills down the markets spine. There was blood on every street, be it USA, Brazil, London, Paris, Beijing, Tokyo and u name it . What was so great in this little de rating wondered President Obama and when he appeared on tv to appease his countrymen it was not to repair the damage done to the (Fakhri H. economy but to show his displeasure and injury to his American ego puncSabuwala) E-mail: tured by Standard and Poor. How on fakhrisabuwala@hotmail.com earth could anyone derate us? Thats hollow American trumpet blowing from the roof top. The loss at Dow Jones, Nasdaq and S&P by over 5% on Monday, to be equated on Tuesday, a drastic fall again on Wednesday and an equivalent rise again on Thursday made the world wonder as to whats happening and whats the truth is? It also made people wonder whether they understood the crisis well or as usual it was an over reaction to any situation good or bad. The summation of this rise and fall is very well captured in the words of a two decade old paan-vendor just across Jeejeebhoy Towers, when he asked Aaj sab dheela dheela kyo hai? He could only hear an echo of (Cont.... on P 7)

Bazar.com

There was no respite for the bearstricken Indian stock markets as news flow contniued to be negative. The BSE Sensex in its third week of distress selling fell by another 466 points and took away the sheen out of the investors' faces just on the eve of the long Indian festival season commencing from Raksha Bandhan on Saturday of the by-gone week. Prior to closing at 16840 on Friday of the last week, the most followed bellweather index, the 30-scrips based Sensex, had fallen to a low of 16432 and established 17256 as the week's best level. These two level are now most likely to work as temporary support and resistance points respectively i n the new week that will have only four trading sessions be-

Flooded by negative newsflows, Stock markets receive a fresh blow Even with govt now addressingofto national holidayreforms, recovery to remain slow economic on Moncause a
day on account of the Independence Day. Besides sustained newsflow from various negative rumours too. The last and the most serious rumour that affected the markets the most was pertaining to a likely downgrade of France's economy. It was this rumour that did not allow Wednesday's pullback rally in getting extended further. The last week's bottom levels, both in the indices and individual stocks, are unlikely to be broken now as the same were reached out of panic selling and could be exaggerated ones and therefore unlkely to be broken except in fresh disturbing events. The markets could be expected to linger closer over these levels in the days to come, provided no further negative event s occur. The Union Government

By Talaksi Gosar (Mumbai)

all-over the Globe that caused more and more worries to the stock markets the world-over, it was a fear of a further interest rate hike that prompted both the induvidual and institutional investors to off-load big chunks from their huge portfolios. The long weekend holdidays was yet another factor that kept the prsopective buyers at bay. The markets were flooded with

(Cont.... on P 7) Sarvesh Ashok Trivedi

(Mumbai) (Mob) 09820728124

Dalal Streets Rumor-mill

Monsanto India is worth considering on cum-bonus basis for medium term rewards opine punters. Knowledgeable circle is cornering shares of Shrenuj & CO. on the hopes of bonus issue that is long overdue. Informed buying is seen on the counter of Lakshmi Vilas Bank that has posted robust growth for Q1 of the current fiscal. Manappuram Finance is expected to see high volatile trades as its NCD issue round the corner. The company is reportedly faring well and thus generating buying interest from bull operatos. Informed circle advices to go long on the counter of India Securities. The company is mulling delisting and buy back offer is round the corner. JB Chemical is generating buying interest from short term investors as it is planning a special one time dividend. Would you like to gamble on this? Delhi punters recommend CEBBCO. The company is reportedly faring well and might announce some cheering news. Mumbai punters expects liberal bonus from Time Techno that is reportedly faring well and is having huge surplus reserves.

TIPS OF THE WEEK BUY.... BUY....BUY

Co. Name Simplex Cas. Cochin Min. Dhanush Tech. Malbar Trading GMR Infra Delta Corp. Power Grid Autoline Ind. Nitin Fire Orient CArbon Coal India Monsento (I) Berger Paints Arshiya Intl. Suprem Petro Jubilant Food Lovalbo Ling. Guj. Fluoro Code Price 513472 85 513353 65 532903 12 501473 35 532754 29 532848 99 532898 103 532797 140 532854 131 506579 115 533278 385 524084 1873 509480 100 506074 141 500405 73 533155 851 533343 446 500173 448

Stock Wave

w w w. c h a r t s a n k e t s t o c k . c o m

Market may witness heavy selling pressure at every rise

BSE Index (16839.63) :- The BSE index is heading downward from its top level 19131.70. Market indicates neutral position on daily basis and oversold position on weekly and monthly basis. On upward side beyond 17358 it may have to face another resistance at 17450, 17620 and 17665, beyond this level it may touch up to 17800, 17950 and 18032. On down side below 16770, 16600 and 16432 it may get some support at 16280 and 15960. Market may witness heavy selling pressure at every rise since the market is highly oversold. Nifty Future (5079.85) :- Nifty future indicates stimulus rise after it had touched the lowest level of 4952. Market indicates neutral position on daily basis and oversold position on weekly and monthly basis. On upward side beyond 5235 it may touch the mark of 5285, beyond this level it may face some resistance at 5325, 5380 and 5440. On down side below 5045 it may get some support at 4995, 4951, 4885 and 4786. Biocon (Rs. 337.55) :- This stock is heading downward from its top level of 382. Market suggests oversold position on daily and weekly basis and neutral position on monthly basis. On upward side beyond 342 it may fluctuate between 348 to 354. On down side below 330 it may get some support at 318. Market may witness heavy profit booking at every rise. Tata Power (Rs. 1085.35) :- This (Cont.... on P 6)

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Financial Weekly

15th Aug. 2011 to 21st Aug. 2011

SMART
INVESTMENT

NIFTY Still not out of the Wood

C.M. Patil
info@MarketRahasya.com
Last week I had given high alert for the market. The target for the NIFTY index below 5200 level was straight up to 5000 level. This call was based on derivatives buildup and in spite of bullish hammer candlestick on the technical chart. If you follow only Technical charts then you may get trapped with false signal. However derivatives indicator acts as a confirmation and helps in identifying whipsaws on technical chart. What happened during the week? As per the guiding principles of Technical Analysis, whenever any support is broken, it acts as a resistance on a later date. In other words price always bounces back to test the level from where it breaks. During the week NIFTY index followed the same principle. It broke the 5200 support level with huge gap down opening on Monday. It then bounced back up to 5204 and faced strong resistance. It then made a low of 4946. You will notice in the chart that It made multiple attempts to cross pass 5200 but got hammer on every attempt. During the week market witnessed panic selling from FIIs though there was no domestic bad news. Good IIP numbers could not help market to boost positive sentiments. Whats next ? On Friday Index has closed at 5072. Though there is a strong Put option build-up at 5000 strike price, there was no further addition of Open Interest on Friday. Therefore Level 5000 look very fragile. So, during the week keep close eye on option build up at this strike price. Addition of open interest at 5000 strike price Put option will confirm the support where as any decline in OI would confirm the further down side. Below 5000 I expect a free fall right up to 4800. The resistance for the week

Weekly & Short Term Recommandation

Nifty & Sensex Levels

F & O
Nifty Sensex

(16 to 19 August)
PRANAV SHAH : 98250 97943

th

th

Close
5074

R-1
5110

R-2
5136

S-1
5040

S-2
5010

16839 16947 17025 16737 16647

Buy Call
Co. Name M&M Maruti BPCL ONGC F & O Target Target StopClose Rate 1 2 loos 739 750 762 725 1245.20 1260 1280 1225 689 695 702 675 279.80 285 292 274
Co. Name

Sell Call
F & O Target Close Rate 1 Tata Steel 472 465 Tata Power 1092 1080 TCS 945.80 930 Reliance Cap. 437.15 429 Target Stop2 loos 460 479 1072 1110 922 952 422 442

Astromoneyguru says
Lt Col
remains at 5200. Pick for the week: Chambal Fert: CMP 104.95, below 104 the target will be 99-97 LIC Hsg Fin : CMP 211.45, above 214 the target will be 220-224 Hindalco: CMP 150, below 149 the target will be 145-141-130 Reliance Capital: CMP 437.40, below 430 the target will be 421-408 Last weeks recommendations: Target achieved 100% : GSPL hit 105.90, Exide made whopping high of 161.40, Canara Bank made high of 465.40 Petronet: made high of 176.40 [Disclaimer: These are the personal views of the analyst and are not any recommendations. Analyst may have holdings in these scripts.]

Ajay

Power game for Indian economy

vestment base buying in IFCI, SBI, SAIL, HPCL, REL CAPITAL, REL, PFC, and DR REDDY, and RANBAXY etc. These are the picks for investment not for trading. I shall not recommend any operator base recommendations. I shall recommend saving my article for future reference. I am thankful for hundreds of e mail and phone calls for my article in this news paper since due to some domestic problem I could not write last two issues. Readers loves always motivate me to write for Indian investors who love practical astrology. As per stars this week down ward movement in crude oil expected in Indian and international commodity market. You may watch my daily predictions at my web site astromoneyguru.com. You may keep eyes on sugar and media stocks for short term trading in stock market. It is time for trade in stocks rather then nifty or sensex. Timely profit booking is strongly recommended at given levels. Now as per financial astrology .This week may be most beneficial for Karak and Dhanu Rashi while Mesh and Kumbh need to alert in big volume trading. For vershik rashi coral is the gem stone and most favourable dates are 9, 18, and 27 of every month. If Tuesday also fall on these date these dates are quite capable to give wonderful result. But check your horoscope before going for big risk. period. For the year ended 31.3.2011 it earned a net profit of Rs. 5.20 crore on a turnover of Rs. 52.11 crore that translated into an EPS of Rs. 9.96. The company is now poised for a leap forward as indicated by Q1 performance. It is worth considering for medium term rewards at every decline. Scrip is moving around Rs. 40 against 52 week High/Low of Rs. 56/24, FV Rs. 10.

09414056705, 9887056704
30th week year 2011 represented by Jupiter and year 2011 is represented by Rahu. This week Jupiter will be in Mesh Rashi, Sun and Venus in Karak rashi, Rahu is in varashik rashi. This combination is famous for sudden change in stock market. Please recall my advance predictions in July second week in same news paper BE CAREFUL IN STOCK MARKET while every market expert were very bullish in Indian stock market. Now every body at national and international levels predicating big recession, Doomsday predictions by prophet of Economics, or double recession in world economy specially in USA and Europe. Chinas economy is also under question mark. My simple question from all Indian investors and traders for trading in Indian stock market (1) Do you have trust in Indian economy ?(2) Can Indian be compared with US economy and Europe . If you go back in history every country in Europe was keen to trade with India and they had fought like any thing just to trade with India. As per Financial astrology there is no sign of repeat ion of 2008 MANDI As far as these current deep corrections which was predicated well in advance due to Monsoon. Now As per astro economics may again bounce back and see great recovery by end of September 2011. Please note that I have dared to give advance predictions for recovery when there is no sign for recovery in world economy. As per stars This is time for investment in Indian stock market without panic in cement, automobile , banking, oil and gas, oil marketing companies, infrastructure, education, telecommunication front line stocks. Remember I shall recommend only in-

Experts Eye
(Continued from page 8)
NSE Nifty too remained above 5.1K for the day but ended the day with a deficit of 22.70 points at 5138.30. Market men fear that downgrading of US economy will cast its shadow on IT sector and thus under the leadership of IT counters market turned weak and selling on banking, power sector stock also increased. Good numbers from select sugar companies fuelled sugar stocks. Select mid and small cap counters to surged in bargain hunting. Nitin Fire announced bonus in the ratio of 5 shares for every 2 shares held. Entegra Ltd. announced surprised bonus of 4 shares for every 13 shares held. Residency Proj. announced rights in the ratio of 4 shares for every 1 share held.

Stock Market Prediction : 15 to 19 August 2011

th

th

Weekly planetary position: During the week, Moon will be transiting in Aquarius, Pisces & Aries. Sun & Venus in Cancer. Ketu in Taurus. Mars in Gemini. Mercury in Leo. Jupiter in Aries. Rahu in Scorpio. Pluto in Sagittarius. Saturn in Virgo & Neptune in Aquarius. Mercury will shift to Cancer & Sun & Venus to Leo on 17th August 2011. CAUTIOUS : Astrological position about Markets is highly uncomfortable for next few weeks. PLANET MERCURY, which controls our mind (Buddhi), is transiting in Leo & will be in retrograde position from 3rd August to 27th August 2011. During retrograding, it will be in Cancer from 17th August to 5th September. Be CAUTIOUS, as one is likely to take wrong decisions, resulting in financial losses, depending on its position in individual horoscope. Persons with Satish Gupta (Delhi) Virgo, Gemini, Leo & Aquarius rashi need to be extra vigilant. As predicted last week, www.astrostocktips.in Market position was little better than previous week & Nifty was down by 2.6%. Be Cautious - Deceptive behavior with high volatility to continue. AUTO Sector will be receiving very strong astrological support. Buy Mahindra & Mahindra, Ashok Leyland, Maruti, Herocrp Motors & Tata Motors etc PAINTS sector will also be getting astrological support. Accumulate Asian paints, Berger Paints & Kansal Nerlolac etc on dips. Watches sector too will be receiving strong astrological support. But Titan & Timex on decline. Last week, Leather & Paints sectors were predicted by us & in such volatile & uncertain atmosphere, Bata made new high of Rs.702 (up by 6.7%) & Asian Paints went up by 4%. Buying should be done on down days. Silver & Gold is getting very strong astrological support. Accumulate on every dip. Due to uncomfortable Planetary position of Lord RAHU, in INDIAS horoscope, disturb(Continued from page 1) ing news flow will continue. Now from 6th June 2011, with change in position by Lord Rahu from Sagittarius to Scorpio, the position of the government will be MBL had come out with IPO of 57 lac shares @ Rs 180 per share and its highly uncomfortable for next 4 months. Prediction : All scrupulous deals in land / scrip had touched Rs 290 few months back. Despite excellent Q3, scrip has property would be unearthed & the per- almost halved and hence opportunity to buy. Order Book: MBL has bagged a contract of development of 96 kms of sons connected with such deals in all spheres shall be exposed, during the road from NHAI in prime iron ore belt of the country running through Badbil, period of planet Rahu in Scorpio. New Barsua iron ore belt in Orissa worth Rs 725 crores. Itr has a running project Samvat 2068 (Hindu New Year) have of civil works in Rajiv Gandhi Thermal Power Project with TCL. Company is started from 4th April 2011. Whenever also develloping ADB funded West Bengal Development Project connecting

Natural Capsules (BSE Code 524654) :- Natural Capsules has

posted a net profit of Rs. 1.28 crore on a turnover of Rs. 10.05 crore for Q1 of current fiscal against a net profit of Rs. 0.90 crore on a turnover of Rs. 7.16 crore for the corresponding previous period. For the year ended 31.3.2011 it earned a net profit of Rs. 4.47 crore on a turnover of Rs. 34.14 crore that translated into an EPS of Rs. 9.92. Due to T tag, the scrip is languishing and is thus providing a buying opportunity. It is worth considering for medium term rewards at every decline. Scrip is trading around Rs. 42 against 52 week High/Low of Rs. 72/35, FV Rs.10.

Astro View

Shriram City Union (BSE Code 532498) :- Shriram City Union

is in its 25 year and has recently floated NCD Issue. The company has posted a net profit of Rs. 240.67 crore on a turnover of Rs. 1318.00 crore for the fiscal ended 31.3.2011. For Q1 of current fiscal against a net profit of Rs. 80.38 crore on a turnover of Rs. 415.13 crore against net profit of Rs. 49.13 crore on a turnover of Rs. 280.88 crore for the corresponding previous period. Against equity capital of Rs. 49.73 crore free reserves is Rs. 1243 crore plus as on 30.6.2011 and that makes it a multi bagger. It is worth considering for medium term rewards at every decline. The scrip is quoting around Rs. 575.00 against 52 week High/Low of Rs. 720/490, FV Rs. 10.

Terrific Shots
(Continued from page 8)
Lovable lingerie had posted the net profit of Rs. 7 crore on sales of Rs. 49.80 crore achieving quarterly EPS of Rs. 4.17 for the Q1 of FY 12. Some market analysts and participant are of the opinion that the Lovable Lingerie is following the progressive path of Page Industries. Investors can take entry at this level for target of Rs. 475.

Buy of the week

MBL Infra (BSE Code : 533152) (Rs. 134)

New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last Samvat start under performing. It has been observed many times that investors / traders (not knowing this fact) keep investing /trading in such sectors,( whose astrological support is over) resulting in losses. It is suggested to consult your Financial Astrologer to know about the sectors. One should trade only in the stocks of that sectors which are getting very strong astrologically support, since the chances of losing money in such stocks are very less. Sectors which get strong ASTRO support are not normally affected by downfall in the market

Jirat-Habra Road. It has also bagged contract with RCD Bihar for improvement/ upgradation of roads and bridges of SH68. Current order book of MBL is more than 2800 crores which includes its share of 1195 crores in JVs. For FY11, MBL reported excellent re-

Future Outlook
(Rs. Cr.) FY-11 FY-12 (E) Net Sales 1001.0 1450.0 PAT 61.73 98.00 Equity -- 17.51 EPS (Rs.) 35.25 56.00

Puneet Resins (BSE Code 526492) :- Puneet Resins has posted

a net profit of Rs. 1.70 crore on a turnover of Rs. 16.92 crore for Q1 of current fiscal against a net profit of Rs. 1.17 crore on a turnover of Rs. 9.50 crore for the corresponding previous

Power Grid Corporation (Rs. 103.00) (Code: 532898) :- According to some market participant and operators some fund managers are making long term position in huge volume as they are expecting some positive news very soon. Investors can invest up to 2-3 quarters for 2530 % return.

Blue Dart (Rs. 1675.00) (Code: 526612) :- DHL, the parental company, holds 81 % stake in Blue Dart. Market has been witnessing some huge volume and upward movement of this share since last many sessions as 17 times more volume was recorded during last couple of weeks indicating some speculation regarding its delisting from Indian bourses. DHL may offer some higher price for its delisting scheme. The price may move up following this speculation.

sults with sales touching 1000 cr mark ( 637 Crores) and Pat jumping to 61.73 crores (36.99 crores). Very few companies in Infra segment must have reported such decent rise in financials. Scrip is trading at 3.85xFY11 Eps. MBL has strong order book and is confident of reporting much improved performance again Stock is trading at : 1. 3.85xFY11 Eps. 2. 2.42xFY12E Eps At cmp, scrip has almost bottomed out and almost 50% down from its recent high of Rs 290/. Even though infrastructure industry is not flavour of the season ( due to high debt, negligible profits of high profile frontline infra scrips), Investors may buy big quantity of MBL Infra to make more than 100% gain in just 12-15 mnoths

Financial Weekly

SMART
INVESTMENT

15th Aug. 2011 to 21st Aug. 2011

Smart Supuer duper INVESTMENT VIEW & MARKET GUIDANCE

VIP Industries (Rs. 769.00) (Code : 507880) : VIP Industries has posted a net profit of Rs 38.4 crore for the quarter ended June 30, 2011 as compared to Rs 30.1 crore for the quarter ended June 30, 2010 representing rise of 27.57%. Total income has increased from Rs 242 crore for the quarter ended June 30, 2010 to Rs 282 crore for the quarter ended June 30, 2011, representing increase of 16.53%.The company has recommended a final dividend of Rs 7 a equity share for the financial year ended Mar. 31, 2011.The company is said to have also announced stock split. Rakesh Jhunjhunwala is also a shareholder of this company. The stock was just at around Rs. 450 in last August-2010. It has come down to Rs. 770 from a 52-week high of Rs. 924 recently. Grab this opportunity and enter into this counter before it fires another rally. Hanung Toys (Rs. 125.00) (Code: 532770) :- Hanung Toys is engaged with production of various toys and home textile fabrics and it is unique player in both segment. It supplies its products to domestic market beside overseas market. Strong revenue, earning growth, healthy margins and substantial market share are some positive factors why we recommend this company to be invested. 74 % of its total revenue was generated through its export division during FY 2011. Hanung Toys has taken over US based company in order to support its export division and this acquisition would help grow its margins during FY 2012. The income of the company was up 31 % to Rs. 1122 crore whereas the net profit was up 26 % to Rs. 121 crore for the FY 2011. Investors must accumulate this share at every dip for medium term gain. Jubiliant Life (Rs. 200.00) (Code: 530019) :- Jubiliant Life is engaged in pharmaceutical sector and has posted very excellent result for the June quarter of FY 12 as it has posted the net profit worth Rs. 77.12 crore (Rs. 50.43 crore) indicating 53 % growth on net sales of Rs. 948 crore indicating 16 % growth whereas EBITDA is up 32 % to Rs. 190 crore for the same period. The income incurred from life science products too up 19 %. The healthy income incurred from the overseas market is reflected in its Q1 result. The face value of its share is Rs. 1 and its 52 weeks highest price was recorded at Rs. 296 and the lowest one was registered at Rs. 148. The stock has witnessed high degree of volatility during last few sessions indicating some positive news. Investors can accumulate this share at every dip for medium term gain. Exide Industries (Rs. 158.00) (Code: 500086) :- Exide Industries, having market cap worth Rs. 13430 crore, is manufacturing automotive, industrial and submarine batteries in addition to storage batteries at its six plant scatters over various states. EIL is enjoying market leader position in Indian market. The company has posted net profit worth Rs. 163.20 crore on sales worth Rs. 1244.41 crore achieving quarterly EPS of Rs. 1.92 for the Q1 of FY 12. The 52 weeks highest price of this share was recorded at Rs. 179.80 and the lowest price was registered at Rs. 112. Considering its excellent performance of each quarter and the increasingly growing demand of its products investors cant afford to miss this scrip in their portfolio. Oriental Carbon & Chemicals (Rs. 114.00) (Code: 506579)
:- Part of the J.P. Goenka Duncan Group Oriental Carbon & Chemicals is the manufacturer of Insoluble sulphur and Sulphuric acid. Insolube sulphur generates 90 % of its total revenue while the balance comes from sulphurica acid. Insolube sulphur is a vulcanizing agent that increases the durability of rubber and hence OCCLs products find application mainly in tyre industry. What it looks like a plain vanilla business what one needs to know is that OCCL is the sole manufacturer of Insolube Sulphur in India indicating its monopoly. The company bears envious list of clents like Brodgestone, Continental AG, Kumho Tyres, Goodyear on international front and Apollo, Brodgestone India, Ceat, MRF, Goodyear India and Birla Tyres on domestic front. On financial front OCCL started Q1 FY12 on a strong note with a 34 % topline growth to Rs. 47.34 crore while net profit grew by 6 % to Rs. 7.79 crore. At the same numbers, OCCLs valuation looks quite low at a PE and EV/EBIDTA of merely 3.3x and 3.4x respectively. One can grab the scrip with a years target of Rs. 150.

kukkuji

(kukkuster@gmail.com)
est cane planting in Tamilnadu, thereby ensuring better cane availability for the subsequent year as well. With this improvement in cane crushing, the value addition from the Cogeneration and Distillery is expected to be better during the current year. Company has commenced construction activities for a green-field distillery with an installed capacity of 80 KL per day as part of its 3500 TCD integrated sugar complex at Semmedu village, Gingee, Villupuram WEIZMAN FOREX, company has reported sales of rs 3457 crs for the year 2010/11 & earned net profit of rs 13.39 crs on equity of rs 11.58 crs giving attractive eps ofrs 11.58. for the 1st qtr it has earned eps ofrs 3.3 on sales of 976 crs. Company has declared dividend of 20 %. investors can continue to hold this stock or even accumulate on dips for good long term growth. Indag rubber company has reported 90 % higher net profit of rs 3.82 crs on 33 % higher sales of rs 48 crs durign june12 qtr, givign qtrly eps ofrs 7.27, based on this full year eps likely to be around 27/28 levels for the full year. investors can accumulate this stock on dips. Kilburn engineering in 1st qtr company has reported loss of rs 1.85 crs, investors can continue to hold the stock or even accumulate if it dips to 45/46 levels as long term outlook is encouraging as full benefit of new plant to come from 2nd half of current year. DISA industry June qtr results are encouraging. investors can continue to hold the stock or even accumulate below 1500 mark.

Western India Shipyard Limited (WISL), Indias largest composite

ship & rig repair facility in the private sector is one of the worlds advanced multi-dimensional and multi-purpose yard offering modern, streamlined, sophisticated ship & rig repair facilities and services. WISLs state-of-the-art Floating Dry Dock has a capacity to repair ships up to 60,000 dwt and to accommodate ships up to 225m. length and 32.5m. in breadth. The yard has been designed and established in collaboration with world leaders in Ship Repairs. Functionally laid out and built around the gravity centre concept, the yard is 90% covered by lift and carry facilities. WISL is strategically located at Goa along the west coast of India at 15 25' North and 73 47' East and is geographically best positioned to offer a complete range of ship repair services. -- In India, the major shipyards are the Public sector yards like Mazgaon company announced a 27.01% jump in its total income to Rs 3812.13 Lacs for the quarter ended June 30th, 2011 as against Rs 3001.35 Lacs in the same period of last fiscal. Net Profit for the quarter stood at Rs. 456.26 Lacs. During the year WISL has repaired 10 vessels of Indian flag and foreign flag. Seeing to good inflow of orders company likely achieves sales of around 175 crs in current year & around 250 crs by next year, Since most of the business is of repairign nature margins likely to be high. Company has now earned profit consistently for last 7 qtrs, & it said to be getting good size of order, business model of company is different compared to Bharati shipyard & ABG shipyard as it does not depend upon the uncertainty

of subsidy. order position of the company is expected improve further which will improve the sales of company to bigger size. Long term investors having patience can accumulate this stock on dips for decent growth. Rajshree Sugar, company has reported net profit of rs 5.13 crs ag rs 1.82 crs during same period, on higher sales ofrs 146 crs ag rs 118 crs. The company entered into an out-of-court settlement of Rs. 25 crores on account of dispute pertaining to the Derivative transactions with Axis Bank Ltd. Consequent on such settlement, both the parties have withdrawn all actions initiated by each of them and necessary final orders have been obtained from the Madras High Court. To survive the adverse cyclicality of the sugar business, the Company has adopted an integrated business model in Unit I (Varadarajnagar) and engaged in the co-generation of power in other 2 Units. The Company is also focusing on improving direct sales to institutional customers Company had allotted 1,100,000 Equity Shares at Rs.10/- each at a price of Rs.62/- each including a premium of Rs.52/- per share to Ms.Rajshree Pathy, Chairperson and Managing Director on 9th December 2010 on receipt of the entire payment, on exercise of the rights attached to the share warrants. The said 1,100,000 equity shares are subject to lock-in for 3 years upto 9th December 2013.Sugarcane crushing for current year season is expected to be better than the crushing season of last year on account of increase in cane planting and better monsoon. The Unit II at Mundiampakkam has recorded the high-

Commodity space
Bullion : Gold prices surged sharply in first 3 days of the last week and touched all time high of Rs 26457/ 10 grams at MCX and spot gold touched a high of $1815/oz, mainly on US and the Euro Zone grapple with debt concerns. A major step taken by the European countries includes a ban on short-selling of financial stocks starting August 12th in a step to protect their banks and also bring stability in the markets. The European Securities and Markets Authority said that Belgium, France, Italy and Spain will temporarily ban short-selling. This factor is also negative for gold prices in the near-term as stable global financial markets will reduce safe-haven demand although the short-term and long-term trend in gold remains up. For this week, gold is expected to remain under pressure as global financial markets witness stability on account of positive jobless claims data from the US coupled with hopes that global policymakers will help ease concerns with their collective efforts, thus easing safe-haven demand. But the medium and long term fundamentals are bullish for gold and silver as concerns with respect to the US and the Euro Zone debt situation remain and any negative news or development could act as a positive trigger to prices. Spot Gold has a strong support at $1670/$1595 levels and resistance at $1822/$1890 levels. MCX October Gold has a strong support at 24,820/ 23,880 levels and resistance at 26,600/ 27,400 levels. Spot Silver has a strong support at $36.25/$35.15 levels and resistance at $40.15/$41.97 levels. MCX September Silver has a strong support at 56,300/54,700 levels and resistance at 60,100/62,300 levels. Base Metal: Copper prices initially fell in the last week due to increasing concerns over global economic recovery. Moreover, a stronger dollar along with weak sentiments in the global market also exerted further pressure on prices. However, the base metals pack bounced back from mid of the last week on account of the Feds statement. Risk appetite has stabilized for the time being on
Feds move to maintain low interest rates for an extended period. Overall market sentiments received a boost and the dollar witnessed weakness. Also, base metal prices are expected to receive downside cushion in the near-term as China is not expected to increase interest rates until 2012 after the Asian nations leaders urged global cooperation to stabilize financial markets. According to the data from the General Administration of Customs, Chinas copper imports increased 9.5 percent to 306,626 tonnes in the month of July from the previous 280,009 tonnes in June. Copper imports to China, the worlds largest copper consumer, include anode, refined, alloy and semi-finished copper products. This rise in the imports will act as a supportive factor for the metal prices. For this week, Copper is expected to trade slightly higher mainly taking cues from positive sentiments in the global financial markets coupled with a weaker dollar. Additionally, expected rise in demand from China will also provide further support. MCX August Copper shall find a strong support at 390/377 levels and resistance at 415/ 422 levels for this week. Energy: Crude oil prices witnessed sharp decline in the beginning of the last week as US economic recovery is stalling after the S&P downgrade credit ratings. Demand concerns have also increased as expectations of a double dip recession have threatened slowdown in demand for commodities in general. Apart from that slow recovery in the US, which is the worlds largest oil consumer is also a major concern in the case of crude oil. However, For this week, crude oil prices are expected to trade higher on account of stable global financial markets and a rise in risk appetite. A weaker dollar will also support an upside in the commodity by making it look attractive for holders of other currencies. NYMEX Crude has a strong support at 78/72 levels and resistance at 89.50/93.20 levels. MCX August Crude shall find a strong support at 3660/3420 levels and resistance at 4020/4130 levels for this

Badruddin
Sr. Research Analyst - Commodities Angel Commodities Broking Pvt. Ltd. week.

Braking News
Hemant K. Gupta (Mumbai)

A Potential Multibagger
Cybele Ind. (BSE Code : 531472) (Rs. 14.50)
Formerly known as Q-Flex cables, this Chennai based company was engaged in production of electrical items. However, company was not doing well and incurring losses. Hence, factory was closed down. It led to 10 acre surplus land in Chennai. Now, development of this land in JV with Vijay Shanthi Builders has made big turnaround in its fortunes. Cybele had entered into an agreement with Vijay ShanthiBuilders for development Qtr. End. Yr. End. of residential township on this 10 acre sur- (Rs. Cr.) plus land. VijayshanthiBuilders will bear all 30-6-11 31-3-11 expenses for development/construction of 21.39 township called PARK AVENUE. Cybele Total Income 5.23 will be entitled to get 50% of total saleable Net Profit 2.44 7.64 area as its share. Construction of project Equity -- 10.63 has already started. 2.44 7.64 One unlisted company engaged in EPS (Rs.) production of cables has been merged with Promoter Holdings 72 % Cybele which has led to promoter stake increasing to nearly 72% For year ended March 2010, Cybele had achieved EPS of Rs 18.40 From real estate project, total revenues of Cybele should be more than Rs 70 crores in next 2 years time. It works out to nearly Rs 70 per share at PBT levels on enlarged equity. For quarter ended July 2011, Cybele has achieved income of 5.23 cr with Pat of 2.44 cr. In this quarter, revenues from real estate division stood at 3.35 cr and cable division contributed 1.90 crores. With profits pouring in from real estate division, performance of cable division should improve significantly in near future. Although it is difficult to estimate (in fairly accurate manner) earnings of Cybele for current year and next year, yet Cybele should report EPS of AT LEAST Rs 12 in FY12 and EPS of more than Rs 20 in 2012-13 Current market cap is just Rs 15 crores. Buying recommended as scrip can be Rs 35 in next 9-15 months. A low-risk high reward opportunity

Financial Performance

Soybeans: NCDEX soybean futures traded lower in the last week due to weak overseas market. However, prices bounced back on Friday after continuous fall in the past 3-4 trading sessions as USDAs monthly supply/ demand bullish report. Lower existing carry-over stock of domestic soybean as higher figures of domestic oil meal also provided support to the bulls. USDAs Supply &Demand report released on August 11, 2011 which was considered bullish, soybean production pegged at just 3.056 billion bushels, which is down 131 million bushels from trade expectations and down 169 million from last month. Average yield came in at 41.4 bushels per acre, down a full 2 bushels per acre from last month. Planted acreage was revised down by 200,000 acres and harvested down by 500,000. Beginning stocks came in 30 million bushels higher than last month, and in addition to the sharply lower production, the USDA lowered crush demand by 20 million bushels and export demand by 95 million bushels to get to the 2011/12 ending stocks of just 155 million bushels, which was down from 175 million estimated last month and 230 million this year and below expectations. World ending stocks for the 2010/11 season came in at a record-high 68.42 million tonnes, which was well above expectations. However, world ending stocks for the 2011/12 season were pegged at just 60.95 million tonnes, down from 61.97 million last month. For this week, oilseed complex are expected to trade slightly higher on account of USDAs bullish monthly supply/demand report and lower existing carry over stock of domestic soybean as record high export figures of domestic soy meal. However, better sowing acreage of soybean amid favorable weather conditions will cap higher prices. NCDEX September soybean shall find a strong support at 2400/2365 levels and resistance at 2535/2580 levels for this week.

Financial Weekly

15 Aug. 2011 to 21 Aug. 2011

th

st

SMART
INVESTMENT

Investors are disappointed with poor listing of L & T Finance The IPO of Tree house has successfully got through despite very poor response
Bond Issue is the talk of the town in Primary Market, Lots of finance company are eyeing capital market
Mannapuram and Muthoot Finance would join the band wagon of bond issue after SBI, Shriram Transport, L & T Infra, IFCI, IIFL and City Union

Brook Lab enters in the market this week on August 16 with its IPO having offer price of Rs. 90/100 Market may witness some fancy for the bond issue of Mannapuram Finance entering in the market on August 16 The IPO of SRS Ltd. and the bond issue of Muthoot Finance would tap the market this week
L & T Finance (Code: 533519) :- This IPO, having offer
price of Rs. 52, got listed with BSE on August 12, 2011 at Rs. 51 indicating 1.92 % discount. Post listing the price of this share had little bit inched up to Rs. 52.50, but it could not maintain its momentum and the price tumbled to Rs. 49.50 indicating 5 % discount price and finally it closed at same lower price of Rs. 49.50.

The IPO of this week Tree House :- This IPO, having

offer price of Rs. 135/153 was opened on August 10 and was closed on August 12.

How much it was oversubscribed ? ;- This IPO was oversubscribed 1.85 times more despite there was no any sort of fancy. It got 1.02 time more oversubscription from QIB segment, 1.68 times more from HNI Segment and 2.76 times more from retail segment making average oversubscription 1.85 times more than its size.

Discovery Price :- The promoters may be compelled to reduce its discovery price from its upper price. Refund : On August 23/24 Allotment :- Investors applied for 1280 shares worth Rs. 2 lakh could be allotted 470/490 shares and investors applied for 640 shares worth Rs. 1 lakh could be allotted 235/250 shares. Listing : This IPO may get listed on August 25/26 Brook Laboratories :- This Gujarat based pharmaceutical companies is planning to tap the capital market with its IPO of 63 lakh shares worth Rs. 63 crore as it intends to undertake expansion plan for its Gujarat based plant. The offer price for this IPO is Rs. 90/100. Considering its pre IPO approach it seems that promoters and merchant

bankers must have managed this IPO before it tap the market as it has not arranged any press meet or has not taken any aggressive marketing strategy. How much it would be oversubscribe:- The promoters and merchant bankers may get highest application

from retail and HNI segment since it is already managed but it may not get enough response from QIB segment. Overall it may oversubscribe 1.5 to 2 times more than its size. Refund : On August 29/30 Allotment :- Most of the retail category may get firm and full allot-

ment.

Manappuram Finance Ltd. NCD

Particulars Interest Rate (PA) Type of Investor Tenure 400 Days 2 Yr. Individual/HUF upto Rs. 5 Lakh -- 12.20 Individual/HUF above Rs. 5 Lakh -- 12.20 Others (QIBs, Corporate) -- 12.00 Individual/HUF upto Rs. 5 Lakh 12.00 12.56 Individual/HUF above Rs. 5 Lakh 12.00 12.34 Others (QIBs, Corporate) 12.00 12.34 -At Semi Redemption Annual

Listing :- This IPO may get listed on September 2, 2011. Investors must not forget that the listing of this IPO may turn most sensational since it is already managed, but they must also remember that finally it would close in discount price. Bandwagon of Bond Issue :The condition of primary market also gets deteriorating along with secondary market but most of the bond is-

Grey Market IPO

Co. Name Vaswani Ind. Tree House Brooks Lab. Offer Price (Rs.) 49 135 to 153 90 to 100

Yield to Maturity (Pa)

Interest Payment

Pr ( Di -1 Di

Manappuram Fin. NCDs Issue open on Aug. 18, 2011

Tree House Education IPO Subscribed

10-8 QIB 0.50 HNI 0.06 Retail 0.54 Average 0.44 11-8 0.50 0.09 1.12 0.68 12-8 1.02 1.68 2.76 1.85

The face value of bond is Rs.1000/- & Minimum application could be for Rs.5000/Manappuram Finance Limited one of the leading listed NBFCs lending money against the pledge of household, used, gold jewellery (Gold Loans) in India, in terms of gold loan portfolio as of March 31, 2011, 2010 and 2009. will open on August 18, 2011, its maiden public issue of bonds in the nature of secured, redeemable, non-convertible debentures (Bonds) of face value of Rs. 1,000 each aggregating to Rs. 400 crore with an option to retain over subscription up to Rs. 350 crore, aggregating to Rs. 750 crore (the Issue). The NCD Issue with two investment options and yield to maturity of up to 12.56% (per annum) closes on September 5, 2011, with an option of early closure as may be decided by the board of directors of the Company subject to necessary approvals. The face value of each Bond is Rs. 1,000 and the minimum application can be for five Bonds (Rs. 5,000) and in multiples of one Bond thereafter. The Bonds will be listed on Bombay Stock Exchange (BSE) and will have a tradable lot size of 1 Bond. The Bonds proposed to be issued by the Company have been rated CARE AA- by Research Limited CARE and BWR AA- by Brickwork Ratings India Pvt. Ltd. (Brickwork). There are two investment options: Option I: The maturity date is 400 days from the deemed date of allotment and the maturity amount per Bond is Rs. 1,132.25 for Bondholders in all categories (Face Value of the Bonds plus redemption premium). The yield to maturity for bondholders in all categories is 12% p.a. Option II (Semi-Annual interest payment): The maturity date is 24 months from the deemed date of allotment. The interest rate is 12% p.a. for Bondholders in Categories I and II and 12.2% p.a. for Bondholders in Category III. The yield to maturity is 12.34% p.a. for Bondholders in Categories I and II and 12.56% for Bondholders in Category III. The interest payment is semi-annual and the face value plus any interest that may have accrued is payable on redemption. The funds raised through this Issue will be utilized for various financing activities including lending and investments and towards business operations including for capital expenditure and working capital requirements, after meeting the expenditures of, and related to, the Issue. The Lead Managers to the Issue are Morgan Stanley India Company Private Limited, A. K. Capital Services Limited, Axis Bank Limited and ICICI Securities Limited. The Co-Lead Managers to the Issue are RR Investors Capital Services (P) Limited, Karvy Investor Services Limited and SMC Capitals Limited.

Bond Issu
Bonds Name
IIFL Bond Shriram City Union Manappuram Fin.

Offer Price (Rs.)

1000 1000 1000

3 14 18

Brooks Laboratories
How to apply for retailers ?
Shares 60 120 180 240 300 360 420 480 540 600 660 720 780 840 900 960 Rupees 6000/12000/18000/24000/30000/36000/42000/48000/54000/60000/66000/72000/78000/84000/90000/96000/Shares 1020 1080 1140 1200 1260 1320 1380 1440 1500 1560 1620 1680 1740 1800 1860 1920 1980 Rupees 102000/108000/114000/120000/126000/132000/138000/144000/150000/156000/162000/168000/174000/180000/186000/192000/198000/-

Brooks Lab. IPO Opens on Price Band fixed

The other side of NCD Issue of Mannapuram Finance

Brooks Laboratories, a pharmaceutical com pharmaceutical contract research and manufa catering to the critical care segment in parent injectables, Ampoules and liquid vials, dry syrup tablets and 2 dry syrups which are marketed Brooks Labs IPO shall open on 16th Augu price band at Rs 90-100 a share. Brooks Labs plans to utilize the proceeds Panoli, Gujarat for manufacturing various pharm 5 crore for long-term working capital. In the year ended March 2011, Brooks rep year. The net profit for the same period went u to Rs 8.7 crore. D & A Financial Services Pvt Lt Ltd is the registrar.

How IPOs undertaken by Deutsche & DSP Merill Lynch ?

DSP Merrill Lynch

Company Cairn India IDEA Cellular IL&FS Engg. Kolte Patil Omaxe Purvankara Offer Price 160 278 75 370 145 400 93 94 39 63 CMP Annualized Ch.% 12.84 5.58 -30.33 -30.13 -20.11 -37.30

Market will be lacking liquidity of this bond since it is going to be listed with BSE only The other Rating agency CARE and BRIKS have together awarded AA rating to this bond The price of promoters each share is Rs. 0 which indicates safe investment but it can downgrade anytime The company has allotted 91 lakh s There is no any provision for put option in this bond, Financial performance for FY 2011 is excellent The company has allotted 83000 shares Gross NPA is merely 0.40 % and CAR is 29.13 % which is better for NBFC Rating agency ICRA has awarded 2/5 ratin Investment is limited up to 400 days to 2 years reducing most of the risk The company has achieved 22 % and 6 It may be attractive issue for retail investors since it offers high rate of interest Co. could maintain its RONW but investors Rating agency CARE and BRIKS have together awarded AA rating to this bond which indicates safe investment
but it can downgrade anytime if companys performance decline which may prove risky for investors. Market will be lacking liquidity of this bond since it is going to be listed with BSE only. Generally the volume liquidity at NSE is more than BSE The trading of most of the bonds are negligible at Indian bourses beside some bond are not enough lucky to get single trade for last many months. Barring bond of SBI, Shriram and L & T Infra most of the bond, entered in the capital market during near past, are currently traded in discount. The company has not made any provision for put option in this issue Remark :- The Mannapuram Finance has very healthy and robust gold loan portfolio worth Rs. 6371 crore as on March 31, 2011. This portfolio includes 20 lakh gold accounts and 12 lakh customers. The company has very vast network of 2064 branches scattered across the country. Mannapuram Finance, having paid up equity worth Rs. 83 crore and net worth of Rs. 1924 crore, has posted net profit worth Rs. 283 crore on turnover of Rs. 1182 crore for the FY 2011. Seeing its financial front it seems more robust as it has gross NPA of merely Rs. 25 crore i.e. 0.40 % whereas its CAR is 29.13 % Recommendation :- Some of the provisions made in this issue are little bit more attractive compared to provisions of other bond issue as it has investment scheme up to 400 days to 2 years that directly reduce the risk factor of the issue. Beside it may draw attention from most of the retail investors since it offers more than 12 % interest per annum which is more than fixed deposit rate offered by most of banks. Considering its very strong fundamentals the issue seems safer for investors.

310 126

Deutsche Equities & DSP Merrill Lynch

Company First Source DLF Company IRB Infra Offer CMP Annualized Price Ch.% 64 14 -28365 525 195 -21.45 Offer CMP Price 185 164 Annualized Ch.% -3.43

Deutsche Equities

The average price of promoters each sha offer price is Rs. 90/100 The company has issued bonus shares fo from August 7, 2008 to November 1, 2010. On 5, 2010 it has allotted 21 lakh bonus share in rati in ratio of 10:11 making total 91,20,112 shares. Rating agency ICRA has awarded 2/5 rat The company during October 6, 2010 to N basis. The 71 % of its total income is incurred fr Remark:- Barring FY 2009 the company, growth for its sales and net profit respective sales is up 17 % to Rs. 53.27 crore and net Recommendation:- Considering its cap p IPO PE ratio is worked out at 14.39 but con estimated annual EPS of Rs. 4.25 the PE rat to its peer companies. The company could from its high price band which is higher he

Financial Weekly

SMART
INVESTMENT

15th Aug. 2011 to 21st Aug. 2011

rimary Market P
Dilip K. Shah

IPO News : (Public Issues)

Sr Company Issue Open Dt. Issue Close Dt. Issue size (Rs. Cr.) Offer price (Rs.) Min. App. Rs. 1,00,00 Limit Rs. 2,00,000 Listing Limit Lead Rating Manager % Remark

1.

New Listing
L & T Finance Holdings
BSE Code : 533519 Offer Price : Rs. 52.00 Listing Date : 12-8-2011 Listing Price : Rs. 51.00 Listing Day High : Rs. 52.50 Listing Day Low : Rs. 49.50 Listing Day Close : Rs. 49.95
sue have become most attractive for investors. It may be recalled that the bond issue of SBI, L & T Infra, IIFL, Shriram City Union got most positive response from investors. Mannapuram Finance :- This Kerala based NBFC is entering in the market on August 18 with its NCD

Brooks Laboratories
(Book Building)

16-8-11 18-8-11 23-8-11 26-8-11

63,00,000 Eq. Shares (Rs. 63 Cr.) 35,000,000 Eq. Shares

90 to 100

60 Shares 960 Shares 1980 Shares BSE (Rs. 6000) (Rs. 96000) (Rs. 198000) -------

D&A Financial Karvy Inv. IDBI Cap. SPA Merch.

35 %

Avoid

NSE BSE NSE

2.

SRS Ltd.
(Book Building)

Next Week

bond Issue worth Rs. 750 crore. This company offers 12.20 % interest rate for short term and 12.36 % interest for term ranging from 400 days to two years. Considering its high interest rate this issue may get overwhelming re-

Bond News
Sr Company Issue Open Dt. Issue Close Dt. Issue size (Rs. Cr.) Offer price (Rs.) Min. App. Effective Yield (P.A.) Rating 24 Months 36 Month 60 Month % Remark

Shriram City Finance 2. Manappuram Finance

1.

11-8-11 27-8-11 18-8-11 5-9-11

Rs. 750 Cr. Rs. 1000 Rs. 750 Cr. Rs. 1000

10 NCDs (Rs. 10000) 5 NCDs (12.20 % (Rs. 5000) Ind.& HUF)P.A. (12 % QIB/ Corporate)P.A.

11.85 % (P.A.) --

12.10 % 40 % (P.A.) --

Risky

44 % Attractive

rket IPO Premium

Premium Kostak (Rs.) (Rs. 1 Lac.) Discount --1/1.5 -Discount ---

er Price (Rs.) 49 5 to 153 to 100

Bond Issue
Offer Price (Rs.)
1000 1000 1000

Premium (Rs.)
3 to 4 14 to 15 18 to 20

Kostak (Rs. 5 Lac.)

-6500/6700 7200/7500

sponse from retail and HNI segment. Muthoot Finance :- This company, entered in the capital market during last April with its mega IPO worth Rs. 900 crore, is entering in the market next week with its maiden NCD bond issue worth Rs. 1000 crore which is going to be listed with BSE. The IPO of next week :- Delhi based SRS Ltd is planning to tap the market next week with its proposed IPO. SRS Ltd. :- This company is engaged with cinema, food & beverages, cash & carry and jewellery business and is planning to enter in the capital market on August 23 with its IPO of 3.5 crore shares worth Rs. 220 crore. This IPO would close on August 26 and the offer price may be worked out at Rs. 60/70. Post IPO the equity of the promoters would reduce to 74.04 % from current 98.89 %. The company has posted the net profit of

Rs. 37.53 crore on turnover worth Rs. 2040 crore for the FY 2010-11. This IPO is going to be listed with both BSE and NSE. Reid & Taylor :- This company, promoted by S. Kumar Nationwide, is planning to enter in the capital market during next September-October with

its IPO worth Rs. 1000 crore. VKS Projects :- It is a EPS contractor company that is planning to tap the market with its IPO of Rs. 55 crore for which it has already filed its DRHP with SEBI beside the company intends to raise Rs. 120 crore via preIPO private placement.

Duplex Industries :- This company is engaged with copper wire production and is planning to enter in the market with its IPO worth Rs. 125 crore for which it has already filled its DRHP with SEBI. The company has achieved 111 % and 201 % growth for its sales and net profit respectively.

Larsen & Toubro (Code : 500510) :- posted a 12 per cent rise

in net profit for the quarter ended June 30 on the back of better execution of projects.Order inflow for the quarter was four per cent higher at Rs 16,190 crore. The total order book was up 26 per cent at Rs 136,172 crore (Rs 107,816 crore). The major orders during the quarter came from buildings and factories, infrastructure, power generation, transmission and distribution, minerals and metals and hydrocarbon sectors. Last week, Abu Dhabi Gas Industries (GASCO) has awarded a lumpsum turnkey contract worth an estimated 18.5 crore dollars on a new gas pipeline to L&T. The company eyes more orders overseas. Particularly in west asia and east asia, where it has already presence. Around 20 per cent of orders that the company had bagged in the June quarter, were from international destinations. Its subsidiary L&T Finance & Holdings has listed last week below offer price due to overall negative sentiment. It will get momentum whenever the market rises. So, the value-unlock process for the shareholders of L&T has started. Still lot more to be listed. The stock has become more attractive after correction. Accumulate L&T.

Accumulate Bosch India on strong fundamental and huge cash Strong prospects in agriculture sector makes M&M a safe bet Engineers India Ltd a value buy in this time of uncertaity L&T becomes more attractive, Accumulate GSFC will get momentum with good monsoon
This also makes the company a potential delisting candidate sometime in the times to come.Bosch Indias equity is just Rs. 31.40 crore (FV Rs. 10 each), of which 71.18% was held by the foreign parent while 18.95% was held by foreign and Indian institutional investors. Balance 9.87% is held by Indian public. Accumulate. GSFC (Code : 500690) : Gujarat State Fertilizers & Chemicals (GSFC) has posted a net profit of Rs 142 crore for the quarter ended June Indias largest sports utility vehicle and tractor maker, reported a 7.6% increase in first quarter net profit on increased sales.Profit, excluding that of subsidiaries, rose to Rs.604 crore in the June quarter from Rs.562 crore in the year-ago period.Sales increased 30% to Rs.6,673 crore in the quarter. M&Ms utility vehicle sales expanded 15% to 44,407 units in the June quarter, while sales of goods carrier, which include pick-up trucks Maxximo and Gio, jumped 53% to 12,154 units. Tractor sales rose 20% to 57,500 units from a year ago. Mahindra gained an additional 3% share in the tractor market to reach 43% in the quarter. There might be slow down in SUVs demand, but prospects for agricultural and services sector growth remain reasonably robust. It makes M&M stock a safe bet at this time. Accumulate in small phase.

O Opens on 16th Aug & Closes on 18th Aug. 2011 e Band fixed at Rs. 90 to 100 Per Share

pharmaceutical company has come out with an IPO of Rs 63 crore. The company is a search and manufacturing (CMO) services company. It has a wide range of products segment in parental sections like Beta Lactam, Cephalosporin & general dry powder iquid vials, dry syrups and tablets etc. Its product portfolio comprises of 28 injectables, 19 hich are marketed domestically. open on 16th August and shall close on 18th August, 2011. The company has fixed the share. utilize the proceeds of the issue to set up a new manufacturing unit at JB SEZ Pvt Ltd, turing various pharmaceuticals formulations to the tune of Rs 51.8 crore. It also needs Rs ng capital. h 2011, Brooks reported a 17% growth in revenues to Rs 53.20 crore over the previous same period went up 32.6% to Rs 6.9 crore and secured loans declined 26.5% in FY11 ncial Services Pvt Ltd is the book running lead manager to the issue. Link Intime India Pvt

Smart Best Buy

S. N. Zaveri
30, 2011 as compared to Rs 109 crore for the quarter ended June 30, 2010 representing rise of 30.28%.Net sales has increased from Rs 1067 crore for the quarter ended June 30, 2010 to Rs 1208 crore for the quarter ended June 30, 2011, representing increase of 13.21%. Apart from di-

Engineers India (Code : 532178) : Engineers India (EIL) registered 29% growth in its bottomline to Rs. 148.07 crore for the quarter ended June 2011, riding on the strong 41% growth in revenue to Rs. 853.60 crore and higher other income, which was up 44% to Rs. 41.77 crore. Upside in revenue is led largely by Lumpsum Turnkey Projects (LTP) whose segment revenue was higher by 70% to Rs. 575.65 crore. Engineers India is a play on the technology and engineering segments in the oil and gas and other infrastructure industries. The company's presence in the lucrative hydrocarbon industry spanning commissioning of refinery and petrochemical units, consultancy services for offshore and onshore oil and gas and laying of pipelines have provided it a market leadership in the local arena. The companys revenue has grown at a compounded annual rate of 55 per cent to Rs 2823 crore in FY-11, since EPC contracts saw a gradual increase in sales contribution over the last four years. Its order flows jumped by 166 per cent in FY-11, taking the order book to Rs 7,500 crore or 2.6 times sales in the latest ended fiscal. The stock is a value buy in this time of uncertainty. Buy.

he other side of Brook Labs

ach share is Rs. 0.71, book value is Rs. 19 and the offer price is Rs. 90/100 allotted 91 lakh share to its promoters within short period of two years ted 83000 shares to its promoters during Oct-Nov, 2010 on preferential basis awarded 2/5 rating to this IPO that indicates poorer than average fundamentals hieved 22 % and 60 % CAGR growth for its sales and net profit respectively ONW but investors must refrain from this IPO considering its inflatory P/BV ratio

Bosch India (Code : 500530)

: Auto component maker Bosch has reported better Q1 numbers. Its net profit rose by 32.99% to Rs 278.93 crore for the second quarter ended June 30.The company had a net profit of Rs 209.73 crore in the same period previous financial year. The company's net sales rose to Rs 2,024.08 crore for the second quarter ended June 30, 2011, compared to Rs 1,656.08 crore in the same period previous fiscal. To commemorate 60 years of the company and in celebration of 125th anniversary of Bosch, the company, following calendar year cycle for financial reporting, declared a special dividend of Rs. 85 per share recently, in addition to the Rs. 40 dividend for CY10.Bosch also enjoys debt-free status, with surplus cash of about Rs. 2,500 crore or Rs. 780 per share, as of 30th June 2011.

Co. Name L&T BOSCH GSFC M&M Engg. India

CMP (`) `) 1643.00 7348.00 385.00 740.00 268.00

promoters each share is Rs. 0.71, book value is Rs. 19(as on March 31, 2010) and the

ed bonus shares for three time to its promoters within short period of two years ranging ember 1, 2010. On August 7, 2008 it has issued 19 lakh shares in ratio of 3:1, On March h bonus share in ratio of 5:4 and on November 1, 2010 it has issued 51.5 lakh bonus share al 91,20,112 shares. as awarded 2/5 rating to this IPO that indicates poorer than average fundamentals October 6, 2010 to November 1, 2010 has allotted 82810 shares at Rs. 10 on preferential

ncome is incurred from 10 clients only which is a risk factor for the company. 009 the company, during FY 2007 to FY 2010, had achieved 22 % and 60 % CAGR et profit respectively beside it has achieved the same figure during FY 2011 as its 3.27 crore and net profit is up 32.5 % to Rs. 6.89 crore. nsidering its cap price of Rs. 100 and annual EPS of Rs. 7 for the FY 2011 the preut at 14.39 but considering its post IPO diluted equity worth Rs. 16.20 crore and Rs. 4.25 the PE ratio could be worked out at 23.49x which is very higher compared e company could maintain its RONW at 36 % and P/BV ratio is worked out at 5.22 which is higher hence investors must refrain from this IPO.

ammonium phosphate (DAP), GSFC produces caprolactam, a key input into synthetic textiles and urea, and complex fertilisers. A landmark policy shift to a nutrient based system for determining subsidy has helped producers contract inputs and fix realisations at the beginning of the year. This system also allows producers to receive subsidies for nutrients hitherto not covered and reduces uncertainty about cash flows. The stock is in the range of Rs.350 to Rs. 410 since last one month. It will consolidate for some more time and then rally with the market. The stock will get momentum with good monsoon. Buy. M & M (Code : 500520) : Mahindra and Mahindra Ltd (M&M),

Financial Weekly

15th Aug. 2011 to 21st Aug. 2011

and Nifty 53235343. Stocks Recomm. Target Reached Lot Profit If we consider the entire fall from Buy Pet. LNG 174 181 176 2000 4000 Sensex 21108 to Sell B.F. Uti. 620 550 481 500 69500 16432 and Nifty 1321 1366 1371 250 12500 6338 to 4946, Buy OIl (I) then the Correc- Sell Grasim 2106 2018 2015 125 11375 tion levels in that Buy GMDC 165 171 166 2000 2000 case are 18218422 407 391 500 15500 18770-19322 for Sell Mphasis the Sensex and Total : 114875 5478-5642-5806 for the Nifty. The 38.2% of the entire fall matches with the 61.8% of the immediate fall and 50% of the intermediate fall, thus forming a strong confluence zone. This zone is further strengthened by the presence of the 50dma. Thus we have a very strong second Resistance Zone between Sensex 18100-18218 and Nifty 543712 which is in oversold zone and sug5478. gests a minor recovery to happen in Both Sensex and Nifty had given the very short term. The other lead ina Bearish Head & Shoulders breakout dicator OBV continues with its Sell sigtwo weeks ago. But last week the Bearnal as it continues to make lower top, ish Descending Triangle also got comlower bottom formation. pleted. The validity for Bearish Head Nifty O.I. PCR is at a low of 0.94. and Shoulders remains intact. The tarPut positions have shifted to the 5000 get for the same falls at 14651-13928 strike and Call writing is seen at 5300 for the Sensex and 4357-4143 for the strike. One can expect some support Nifty. Majority of the oscillators are in coming in at 5000 level and resistance Sell mode, while some are in oversold at 5300 level. It clearly suggests a territory. MACD and ROC are both in smaller range of 5000-5300 for the Nifty negative territory and both continue in the short term. The Trendline Resiswith their Sell signals. RSI is at 28 and tance for the Sensex is at 17392. The is in oversold territory. The Stochastic Trendline Support is at 15656. The oscillator has just moved out of overTrendline Resistance for the Nifty is at sold territory and is signaling a Buy as 5348. The Trendline Support is at 4798. %K cuts %D from below. Directional For the week ahead, Sensex will find Indicators continue in their Sell mode. Support at 16432-16002-15651 and ADX has increased to 28 suggesting will find Resistance at 17171-17493that the current downtrend has gath17792. For the week ahead, Nifty will ered strength. The Bollinger Band confind Support at 4946-4812-4693 and tinues with its Sell signal given two will find Resistance at 5160-5252-5348. weeks ago. Money Flow has fallen to happending in MTNL which is setting sort of world record in terms of wages being equivalent to sales revenues. For FY11, MTNL achieved total income of 3787 cr and suffered WHOPPING loss of 2803 crores. And WAGE BILL IN FY11 stood at Rs 3260 crores. Has anybody heard this kind of record wages in any part of the world? For June 11 quarter, MTNL has further improved its record with sale being 843crores and Loss is 850 cr Here in this quarter WAGE BILL IS 850 cr (more than its revenues). It clearly shows that primary of running PSUs by Govt is to provide safe heaven to slothful inefficient irresponsible employees. Bajaj Hindustan is considered leading sugar company of India but for June 11 quarter company has reported tiny profit of 1 cr on sales of 1051 crores. Big size is achieved at expense of shrinking profits. But for promoters still remains win win situation because only minority shareholders get nothing where promoters continue to draw huge salaries, 7 star perks. And, still company is planning to invest nearly 5000 crores for some power plants. If company had not raised equity funds (interest free) in the past, it would have been BIFR case already. Promoters seem to be running company on strength of free funds which they are lucky to get at regular intervals. Should be one of the most inefficient sugar companies of India Airlines industry has no silver lining on the anvil. Company continue suffer big losses. JetAir has reported loss of 123 cr for June quarter whereas Kingfisher has incurred massive loss of 390 cr during June quarter. We feel that investors should avoid airlines stock even at current low levels. Since last year these columns had been advising to sell GTL Ltd (from 400 levels) and GTL Infra from 40 levels and now both scrips have caused maximum damage to investors in last 2 months. GTL Ltd has crashed to 60 . GTL infra should have been quoting below par. On equity of 957 crores, company had made loss of 140 cr in FY11. Promoters were just playing games and maintaing share prices at artificial levels but fund raising plans did not materialise HCC :- Co. is one the oldest and largest construction companies but for FY11, Eps was just 1.17. Stock looks expensive at Rs 30. Due to Lavasa story/valuation, stock is holding at such high levels. Buying should be avoided Varun Industries should be holding world record for making at frequent intervals type of announcements which no one can think of. Last year, company had announcement about 'discovery' of Uranium . Subsequently, it had discovered 'diamond mines'. Now last month company has discovered 'Rare Earth' in its mines. Global mining giants have never stumbled upon such products. Promoter is confident that in India, when one can get away with murder, making any bizarre announcement to sustain share price will not draw anybody's ire. This smalltime Mumbai businessman deserves some award/ trophy for his braveheart announcements. Several operators offer kickback upto 15-20% to those who bring buyers for Varun ind scrip. SELL,SELL,SELL,SELL Compact Disc Ltd: This Chandigarh based company was also in habit of making the kind of annuoncements which doyens of media industry may not achieve. No regulatory authority ever bothers to track veracity of completely bizarre/false announcements. Now, company adopted another tactic to ramp up its share price. Company announced that promoters are planning to delist the scrip. Scrip flared up .This writer is 100% confident it wont happen. After few days when benami holdings were already sold at high price, company announced some hurdles in delisting and some blah blah .Investors are advised NOT TO believe anything from this company and SELL AT ANY PRICE. Fundamentally scrip is worth nothing. Investors may remember this writer had been constantly recommending to sell scrips like Tanla Solutions @ 400 levels and had predicted that some day such scrips may meet fate of Pentafour and it has happened (CMp Rs 12/), Prithvi Info @ 360 (Cmp Rs 23/), Karuturi Global etc etc. One good thing about current market meltdown is that maximum damage has been delivered to cheater promoters who were using listed entities for money-laundering, bogus billing whose profit figures were too good to be true. Such companies never suffered any slowdown (in their reported financials), never suffered any forex loss, never any inventory write-downs or bad-debts. Quarter after quarter after quarter, sales would grow @ 20-30% and profits would grow 30-50%. Not the biggest , not the most renowned entrepreneurs have such failproof biz which could deliver consistently improved financials without any hiccups.

SMART
INVESTMENT

Market Scan (Continued from page 1)

i.e. between Sensex 17664-17358 and Nifty 5323-5229. If we consider the start of the rally from Sensex 19131 and Nifty 5740, then the target for the current rally falls at Sensex 15891 and Nifty 4812. The market is well below the short term average of 20dma (Sensex 17963 and Nifty 5408), medium term average of 50dma (Sensex 18214 and Nifty 5475) and long term average of 200dma (Sensex 18865 and Nifty 5661). As a result the short term, medium term and the long term trends remain down. Since some of the oscillators are oversold and there is a Bullish Belt Hold pattern formation on the Nifty (formed on Tuesday), one can assume that a minor pull-back is on. Assuming that the low made by Sensex (16432) and Nifty (4946) is not breached, one can expect a minor recovery of the immediate fall from Sensex 19131 to 16432 and from Nifty 5740 to 4946. The pullback levels are 17463-17782-18100 for the Sensex and 5249-5343-5437 for the Nifty. If one considers the fall from a slightly higher degree i.e. from 19811 to 16432 for the Sensex and 5944 to 4946 for the Nifty; then the correction levels in that case will be 17723-1812218520 for the Sensex and 5327-54455563 for the Nifty. Thus 50% of the immediate fall coincides with 38.2% of the intermediate fall forming a confluence zone. This zone is further strengthened by the presence of a third bearish falling gap between Sensex 17664-17358 and Nifty 5323-5229. Thus there is a strong Resistance zone formed between Sensex 17664-17782

Last Weeks Recommondation

Ganesha Speaks.Com. (Continued from page 8)

immediately square-off the profit or loss. 14:45 till the end of the dayPrepare yourself for a risky deal. However, Ganesha notes an upward movement during this time. 18-08-2011, Thursday :- From today onwards, the Sun will transit via Leo. Today, the Moon is in the Revati nakshatra. Ganesha is in a good yet relaxed mood today. Take a break from trading if you wish to. Rahus transit in the zodiac signs ruled by planet Mars is likely to decrease the expert growth there, feels Ganesha. Thus, Ganesha advises you to be cautious, especially while investing your money in companies with the ruling planet Mars. Where the market opens, buy there, and by 11.15, make a profit and then take an exit, suggests Ganesha. 11:15 to 15:30- There may be lot of confusion, as the pattern does not show any direction.It will be difficult to ascertain which position to make. However, you may earn good money through jobbing. 19-08-2011, Friday :- Today the Moon is in zodiac Aries in the Ashwini nakshatra. According to the astrological analysis, today Moon-Jupiter make a Gaj-kesari yog. Consider every time-slot up or down after comparing it to the previous time-slot. 9:15 to 9:30- Nifty may show a mixed pattern. 9:30 to 11:21- A bulk deal in a particular script may create a positive impact on Nifty. 11:21 to 12:03There may be selling pressure at Nifty during this time 12:03 to 13:13Nifty is likely to be in a position, similar to playing a Twenty-20 match. However, it may remain on the upper side. 13:13 to 14:23- Nifty may trade around a psychological figure. It may be a testing period for you, foresees Ganesha. 14:23 to 15:30- There may be a jump at Nifty, but by how many points is difficult to predict astrologically, one week in advance.

Smart Tips (Continued from page 8)

What makes SCL attractive is its enviable clients including Indian Railway, BHEL, SAIL, Tata Steel among others. The history of companys steady financial performance suggests that it bears consistent dividend paying track record over the past six years. With FY 1011 dividend at Rs. 2.5 per share (Face value of Rs. 10) and the fact that the scrip is available cum dividend and at very low valuation of a PE ratio of 3.6x are the factors that are making this a good grab at its CMP of Rs. 85. The company has grown 5 years CAGR of 13 % and 36.75 % in top line and bottom line respectively. In fact in Q1 FY 12 SCLs revenue and net profit grew by 41 % and 43 % to Rs. 54.43 crore (Rs. 38.71 crore) and Rs. 2.77 crore (Rs. 1.93 crore) respectively. The stock of the company is currently available of mere 3.5x which is quite low. Investors can add this stock in their portfolio for the target of Rs. 106 within next one year.

Essar Port (Rs. 79.00) (Code: 500630) :- Essar Port is

Indias second largest private port company which has for the first time announced its quarterly result after it got re-listed on March 31, 2011. Essar Port has come in to existence after demerger of shipping oil field and logistic business. The management of the company has chalked out capacity expansion plan in order to augment its existing capacity of 88 mtpa to 158 mtpa till 2012-13. Essar Port in its debut result has posted the net profit of Rs. 39.61 crore on turnover of Rs. 274.58 crore. Total cargo volume of Essas Port is up 14 % to 1.10 crore ton from 98.3 lakh ton of last year beside its average realization too increased to Rs. 220 (Rs. 173) per ton. Taking into account its excellent debut performance investors can add this share in their portfolio from long term perspective.

D I F F E R E N T Strokes
(Continued from page 8)
the US senators to stop wrangling and take steps to put the US economy back to the normal growth path. The govt. in India & other countries in Asia must also take the cue as the S&P has warned of a downgrade if India does not take effective steps to reduce it's fiscal defeicit. Inspite of pep talk by the FM , the down grading of the Indian economy is not far behind as the govt's dis-investment programme is in total disarray and with policy paralysis (following governance deficit) and political meltdown, the GoI cannot escape the deficit budget from getting out of hand. And with the sudden withdrawal of FII funds, the Exchange reserve position is also likely to take some beating. All this portends tough days ahead for the Indian economy as it will be starved of funds and the market has sensed the up-coming crisis. As per the international norms, a fall of 20% & more signals the onset of a bear market and, by that yardstick, the Indian markets have also entered a bear phase. This means, that the Indian stock market is heading for more pain in the days to come and the rallies, as and when they happen, should be used to exit weak & under performing stocks (even at a loss) and the sale proceeds should be judiciously used to shuffle one's portfolio towards a better asset allocation. The investor has sufficient time to pick & choose after making a thorough & proper evaluation of the stock he wants to invest. In this background, I find the following stocks worthy of investment from a risk-return perspective as they have strong fundamentals, good dividend paying record & decent, investorfriendly management. As should be expected, these stocks are also correcting but at a much slower pace than stocks in the broader market index and have limited downside risks from the current levels. Corporate earnings for June 11 quarter present not so encouraging scenario and pressure on bottomline continues to prevail (profits are down even if sales are rising) In the past, this writer had several times pointed out that If India has done well, it is not because of our rules but inspite of our rulers. If our rulers were really capable and sincere, MTNL wouldnt have been on the verge being a sick company. Perhaps investors have not noticed or analysts have intentionally chose ignore horrible

Stock Wave
(Continued from page 1)
stock is also heading downward from its top level of 1330. Market indicates oversold position on daily basis and neutral position on weekly and monthly basis. On upward side it may have resistance at 1175 and on down side below 1000 it may get some support at 975. HDIL (Rs. 117.30) :- This stock is also heading downward from its top level of 175.45. Market indicates oversold position on daily, weekly and monthly basis. On upward side beyond 122 it may fluctuate between 126-129 and beyond this level it may touch the mark of 138. On downside below 108 it may get some support at 103 and it can even tank up to 90 if it breaches this level. IDFC (Rs.119.65) :- This stock is slowly but strongly heading northward from its lower level of 116.50. Market indicates neutral position on daily basis and oversold position on weekly and monthly basis. On down side it may be supported at 116 and on upward side beyond 127 it may face some resistance at 131. Reliance (Rs. 760.00) :- This old economy share is going downward from its top level of 1065.55. Market indicates oversold position on daily, weekly and monthly basis. On upward side it may touch up to 832 if it jumps over the mark of 790 and 800 and on down side below 754 it may be supported at 748. SBI (Rs. 2193.45) :- This market leader share is also heading downward from its top level of 2529.50. Market indicates neutral position on daily basis and oversold position on weekly and monthly basis. On down side it may get some support at 2123 and on upward side beyond 2288 it may face some resistance at 2310 and beyond this level it may touch up to 2384.

Mahindra Satyam (Rs. 74.00) (Code: 500376) :- Part of

renowned Mahindra and Mahindra Group Mahindra Satyam has achieved turnaround position during Q1 of FY 2012 by posting net profit worth Rs. 225.18 crore against the loss worth Rs. 327 crore recorded last year. Mahindra Satyam has also proved that company is investor friendly and worth enough for long term investment. The management of the company is mulling to delist its ADR from New York Stock Exchange this year. Mahindra Satyam could attain this achievement thanks to its new 100 clients from whom it bagged hefty orders. Investors can add this share in their portfolio from mid to long term perspective.

Disclaimer :- Investment recommendations made in Smart Investment are for information purposes only and derived from source that are deemed to be reliable but their accuracy and completeness are not guaranteed. Smart Investment or the analyst / writer do not accept any liability for the use of this column for the buying or selling of securities. Readers of this column who buy or sell securities based on the information in this column are soley responsible for their actions. The author, his company or his acquaintance may / may not have positions in the scrips featured herein

Financial Weekly

SMART
INVESTMENT

15th Aug. 2011 to 21st Aug. 2011

rn High Retu

High Risk

Cochin Minerals (Rs. 65.00) (Code: 513353) :- Cochin Minerals is manufacturer of specialty chemicals and has very strong track record of consistent dividend paying to its share holders with Rs. 1.75 dividend for the June quarter. The price may spurt following this development.

Shares

Orient Green Power : Market participant and operators are on buying spree ; Piccadilly Agro : The stock has entered on investors radar GVK Power : It has become most favorite for some fund houses ; Supreme Petro : Possibility of short term gain as punters are very much bullish GMR Infra : Subsidiary company has announced some new corporate development ; Gujarat Gas : Accumulate as much share as possible at every dip Purvankara : Market has witnessed huge volume along with upward movement ; NHPC : Stock may be turn outperformer Cochin Minerals : The company has posted very excellent result for Q1 of FY 12 ; Kilburn Eng : The company has undertaken expansion plan
Group Kilburn Engineering had purchased 8 acres of land at MIDC two years ago and has undertaken expansion plan over there with investment worth Rs. 65 crore. The benefit of this expansion may reflected in its September result. Investors can look at this share for medium term gain. stock has been witnessing huge volumes during last few sessions indicating something is cooking in the kitchen. It has been heard from the street that domestic fund houses and some market players and operators have made huge position for midterm gain since they expects some positive development soon. ward direction next week.

Supreme Petrochem (Rs.72.00) (Code: 500405) :- Despite the huge fall in the market this stock has been able to maintain its volume on higher side. More importantly it has managed to close in green for the last few sessions. There is strong buzz that some market punters are taking keen interest for this stock and they have taken long term position.

over last two weeks to almost 89000 shares traded last Friday. Some market players and punters have taken long term position indicating some positive development very soon.

Puravankara Projects (Rs. 70.00) (Code: 531891) :Purvankara projects is currently tha top gainer in the mid cap pack on BSE. The stock on August 9 hit new 52 week low at Rs. 60.50 despite good volume. The stock is now up on good numbers for Q1 FY 12. On YoY consolidated revenue grew 64 % at Rs. 190 crore and the net profit is up 46 % to Rs. 31 crore but on standalone net profit on YoY has dipped from Rs. 31 crore to Rs. 17 crore.

NHPC (Rs. 25.00) (Code: 533098) :- National Hydro Power

Corporation has registered fantastic result for the Q1 of FY 12 as its income grew by 40 % and net profit is up 47 % for this period. The stock may turn outperformer once companys second phased expansion is over.

Piccadilly Agro (Rs. 35.00) (Code: 530305) :- Piccadilly Agro

is engaged in sugar sector and its stock is currently available with 2.5x PE. The stock is all poised to enter in the investors radar and some market operators and analysts are very much bullish for this share.

GVK Power (Rs.18.00) (Code: 532708) :- The volume is

on a higher side and the stock is witnessing good buying interest for the last few sessions. According to market buzz some big market participant and some big fund houses have taken long term position since they are expecting the stock to move in north-

Gujarat Gas (Rs. 443.00) (Code: 523477) :- Gujarat Gas

company hit a new high on last Friday at Rs. 456 and remains strongly in green at Rs. 443. The volumes are up from over 55000 shares traded

Kilburn Engg (Rs. 50.00) (Code: 522101) :- Part of B.M.

Orient Green Power (Rs. 14.00) (Code: 533263) :- The

Chart Buster (Continued from page 1)

which has realised its failure in implementing the long adopted policy of liberalisation may now take up various steps in the direction. It is only this hope of the Government acting in the righ direction that the share-market investors could bank upon and look forward for benefitting from their investments in stocks. The markets might fluctuate bothways with a downward bias unless and until the Governmen comes out with a clear-cut intention that it is now ready for taking up implementation of the remaining economic reforms and also ready to address the menacing issue of ever-rising inflation rate with measures other than only imposing sustained interest rate hikes. Till then the investors could enjoy watching their portfolios dancing to the tunes of global events!

Fortis HC: Market may witness upward movement following its turnaround position Monsanto : Leading market participant and operators are on buying spree Jet Air: It is best opportunity to accumulate this share at this lower level
Glenmark : Best opportunity to take short term position ; Sunil HiTech: Price may surge up 15-20 % very soon
Fortis HC (Rs. 160.00) (Code: 532843) :- Achieving turnaround position Fortis Health Care has posted excellent result for the Q1 of FY 12 as it has registered the neet profit worth Rs. 14 crore against the last years loss worth Rs. 14.30 crore. Market may witness upward movement next week following its excellent result.

Bharat Forge : Co. has posted fantastic Q1 Q4 resultAmteck11. The Price may touch the top level of Rs. 170 result ; of FY Auto: price during
may fuel up following this excellent result. Investors can take entry at this level for short term gain.

the company for long term. The stock can be looked at for medium term gain.

Bharat Forge (Rs.290.00) (Code: 500493) :- Bharat Forge

has registered fantastic result for the Q4 of FY 11. The price may surge up next week following this result. Investors can enter at this level for target of Rs. 315 woth stop loss of Rs. 288.

Berger Paints (Rs. 100.00) (Code: 509480) :- The companys

brown field facility in Goa is expected to commence production in next two months whereas its facility in Rishra will commence production during Q3 of current fiscal. The company has added close to 800 dealers during last 12 months taking the total number of dealers to 14,500. The stock can be looked at for medium term gain.

Entegra Ltd. :- Entegra Ltd. is a group company of S. Kumars' and engaged in setting up power generation projects and yet to show positive ENTEGRA LTD-Dly .17/09/10-12/08/11 B-532287 TREND financial performance because of incompletion Price E M A(12) E M A(48) E M A(100) F 12/08/11 of the projects. Even though, its share had scaled 46 44.70 44.00 44 O 21.70 to a high of Rs 44.70 during the recent bull mar42 H 23.00 L 21.30 40 C 21.80 ket that ended in October, 2010, and then re38 V 5.78 E 21.07 36 E 22.43 34.90 sorted to a sustained downtrend that took its 34 E 23.80 32 price as low as Rs 19.10 in the nmiddle of the 30 JINDALPH-Wkly.18/07/08-12/08/11 B-532624 TREND 28 Price E M A(12) E M A(48) E M A(100) last week. However, after having fallen to such F 12/08/11 26 320 24 306.45 a low level, the share attarcted buying and 300 O 150.00 22 280 H 171.85 L 136.15 20 jumped up in the last three trading sessions to 260 C 169.00 19.10 18 240 F V 815.72 J J A 10 N D 11 M A M scale upto Rs 23 before closing at Rs 21.30 on 220 E 163.41 E 176.98 200 E 176.17 180 P the Friday of169.00 week. The last day's jump wa with a bullish gap on its daily 160 138.00 chart 140 which indicates that buying interest has increased from the investors 120 100 that possess knowledge of certain positive developments that the com80 pany 60 might have achieved or likely to achieve. The risk-reward ration being 52.15 40 in 20 08 O D 09M M A N 10 A J A N 11 A J Afavour, investors may think of making small investment in this issue, provided they retain investment for long. Mahaveer Infoway :- Mahaveer Infoway is probably a Hyderabad based company whose shares were admitted for trading on the BSE on October 30th. 2010, and its debut price was Rs MAHAVEER INF-DlyM.30/09/10-12/08/11 B-590117 TREND Price E M A(12) E A(48) E M A(100) F 12/08/11 50. However, in just few seconds of its listing at 50 O 15.10 Rs 50, the price of the stock declined to less 45 H 15.35 L 14.55 C 15.25 than a half and then for many days, remained 40 V 18.08 38.00 37.95 E 15.85 under pressure to ultimately decline to a low of 35 E 21.04 E 23.11 Rs 13.50. However, from Rs 13.50, the share 30 29.95 was taken up for rigging which made it to scale 25 21.55 up to a high of Rs 38. The "professional" new 20 18.40 issue investors who bail out the new offerings 15 14.20 13.50 from getting devolved, wanted to off-load their 10 N D 11 F M A M J J A
huge chuncks that they were allotted in the public issue of this company too, at rigged up price. However, since the manipulatively rigged up prices can never remain up for long. In this issue also they did not remain stable at higher levels for a long time and ultimately collapsed and reached a low of Rs 14.20 sometime in middle of last July. However, after having fallen to such a low level which was only a shade above its previous all-time bottom of Rs 13.50, the share stopped going further down and indicated a sign of moving up possibly on resumption of price rigging activity. Only those investors should touch this issue who have the guts to buy speculative issues or else stay away from this and other such scrips.

Rajesh Export (Rs. 108.00) (Code: 531500) :- Rajesh Export,

engaged in gold and jewellery business, has posted excellent result for the June quarter of current fiscal as its sales is up 10 % and net profit is up 100 % for this period. The company has orders worth Rs. 4650 crore in its kitty. The increasingly growing price of gold and jewellery would be beneficiary for this company

Page Industries (Rs. 2553.00) (Code: 532827) :- Page

Industries has posted fabulous result

Dalal Street

L & T Finance (Rs. 49.00) (Code: 533519) :- L & T Finance

made it much awaited debute on the market today and disappointed investors. The stock got listed at Rs. 51 and was closed at Rs. 49 indicating some discount that made investors disappointed. It may be recalled that this stock got overwhelming response at its IPO with retail investors subscribing 9.61 times. Of course investors hold on this share for midterm gain.

rs hispe W

Piramal HC (Rs. 373.00) (Code: 500302) :- Piramal Health

Care, engaged in pharmaceutical business, has set target to invest Rs. 7000 crore over next five years in order to expand its business horizon. The company has very recently forayed in Telecom business and eyeing 15-20 % return from this business. Of course some market participant and analysts are warning investors and advised not make any huge long term position.

for Q1 of FY 12 as its sale is up 47 % and net profit is up 102 % for this period. The price may soar up following this excellent result.

Arshiya international (Rs. 133.00) (Rs.141.00) :- Arshiya international is developing Indias First free Trade Warehousing Zone (FTWZ) at Panvel, Mumbai over 165 acres. AIL has planned investment worth Rs. 626 crore for its rail infrastructure project, phased over the next two years. If we look at its public holding we will find that all the leading fund houses have been invested in

Amtech Auto (Rs. 150.00) (Code: 520017) :- Amtech Auto

could achieve annual EPS of Rs. 4 during last quarter of FY 11. Investors can make short term position for atleast three months for target of Rs. 180. fortunes.. it is the sentiment and perception of any event which is more influential. If all was bad where was the need of any rise the second day and the fall thereafter and the rise after that K R A Z E E JUST..KRAZEE and we love it. DOLLA RE, DOLLA RE, DOLLA RE way!!!!!.. Coming to India , it is the robust economy and less leveraged corporates which are keeping our growth intact. Call it resilience or whatever you wish but the fact remains that domestic institution buying and support sometimes outclasses the FIIs sell off. Indian economy can boast of being a safe haven for international investors. The world makes India look good says a Morgan stanleys recent report titled thus. On the other side the weak domestic policy momentum, oil prices, stubborn inflation, high interest rates, slowing growth and corruption scandals can be the roadblocks for growth. The headwinds seem to be temporary and the progressive tailwinds shall ultimately prevail over this Raambharosey 's Raam rajya. So let Dollar dolla re ..... mera rupaiya mahaan!!!

Monsanto India (Rs. 1873.00) (Code: 524084) :- The

stock has been consolidating in a range for the last few sessions but volume has seen spurt during last session. Market sources suggest that it may witness a good northward move very soon. It is also heard that some market participant and operators are taking very keen interest for this stock and have been accumulating it on a regular basis expecting to be the next bog mover in the near term.

Bazar.Com (Continued from page 1)

kitna gira from every passer by. Dollar dolla re dolla re was heard on the pavements of Dalal Street reminding each one of us of Devdas and his drunkard buddy. It was not the US debt alone that crossed our mind but it was a culmination of pessimism of the worlds political system.. be it the large debt created by US on minding others business and becoming a great bully or the scams at our shores, lokpal bill, rising inflation, falling living standard of common man . The fall was more of an outburst of the frustration of the shortcomings in governance and the loose change treatment meted out to governed (masses) by the governors. Ghor kalyug you may call it, if you are God fearing n creature!!!!!! The alternate fall and rise in every market only amplifies the irrationality of the markets. The billions lost or gained in this fall and rise every alternate day highlights the vulnerability of the markets and also highlights that it is not arithmetics or fundamentals that makes or mars the

Jindal photofilms :- The weekly chart of Jindal Photofilms published herewith shows that it had plunged to a low of Rs 52.15 in October, 2008, when the market, in general, bottomed out and re-entered a fresh bullish phase that helped it to rise upto Rs 306.45. Thereafter the general trend in the market turned downward and alongwith most others, this stock also fell and touched a low of Rs 138. After having fallen to this level, the share staged a technical rally but the markets once again came under pressure from global worries that forced the scrip turn weak. the share reached a low of Rs 136.15 during the last week before staging a strong rally that took it up to a high of Rs 171.85 before closing at Rs 169.00. Thus the share has solicited support at a level which earlier also helped it to stage a rally. It has also shown a strong rally on the last trading day and thereby separated itself from most other issues that fluctuated in line with the general market and thereby earned a distinction of being a bullish stock, technically. The share could be expected to travel further up in the days to come and therefore suggested for buying for short to medium-term investing.

Jet Air (Rs. 375.00) (Code: 532617) :- Investors must not forget that this is the best low level for midterm investment and they must hold on this scrip. The consistent declining price of crude in international market may prove positive factor for this company. The price would reach the level of Rs. 400 very soon.

Glenmark Pharma (Rs. 322.00) (Code: 532296) :- Investors can take short term position at this level since it is the best level. Some market participant and operators are expecting positive development very soon.

Sunil Hitech (Rs. 95.00) (Code: 532711) :- Sunil Hightech

could achieve annual EPS of Rs. 11

15th Aug. 2011 to 21st Aug. 2011

Permitted to post at Ahmedabad PSO on every Monday (weekly) under Postal Regd. No. GAMC - 1703/2009-11. issued by SSP Ahd. Valid up to 31-12-2011

HOW MNCs loot India

Hemant K. Gupta (Mumbai)

Scenario of Doom & Gloom

Since the holocaust of the year 2008, the markets are sliding back to lows after a 2-year rally. Those who had abandoned the stock market then may have no doubt preserved their capital but, for those who have put the money in the block, the time has come for a rethink of their investment strategy and they should be getting ready to re-shuffle their portfolios. In the present situation, gold and bonds will still remain the favoured destination for investment and they may rise for some more time till the crisis in the financial markets get sorted out. But as with any asset class, what goes up must come down and astute investors who read the global trends, will be waiting for an opportune time to switch their portfolios. In the current depresing scenario, money is taking refuge in 'safe heaven' investments like gold. No doubt the deepending global crisis is here to stay for some more time and the political class is either bereft of a solution to the crisis or they are not bold enough to clean the augean tables. While gold is having a charmed life, the stocks have come under selling pressure and time is getting ripe to do selective investments in those companies who will dish out good nos in current year as well (irrespective of inflation in India, USA downgrade etc) and are available at PE Ratio of 3-7. It is such a scenario of Doom & Gloom, a value-investor will be look-

D I F F E R E NesT
H.K. GUPTA

Alstom Projects (Rs. 548.00) (Code : 532309)

For quarter ended June 2011, its sales have plummetted to 279 crores. For this quarter, wage bill is whopping 93 crores. It works out to 33% of sales. Can a manufacturing be decently profitable with such hugely inflated wage bill. Another corporate governance issue which has been hidden by the company is that earlier, salary of expatriate CEO of Indian operations was being billed to the global/parent company. Now, salary of expatriate CEO is being charged/debited/billed to ALSTOM Projects India ltd. That is why, its June 2011 quarter wage bill has increased by 20 cr to 93 cr (which was 73 cr in June2010 quarter). No wonder, company m ade loss of 6cr for June quarter Thus, wage bill of APIL will continue to swell by 20 cr in each coming quarter which means that profits will take a big hit Even regarding cancellation of 1268 crore order by GVK Ind, company is keeping silent and not making disclosure in this regard as if some insiders are interested to keep share price at artificially higher levels

(Mumbai)

k Stro

ing forward to invest in Frontline/ Bluechip stocks at PE Ratio of 13. It is common knowledge that, the Indian markets are driven by FII inflows mainly from 'Hot money' short only funds and that money is now seeking a safer destination in today's harried world post US credit down grade. Also the foreign funds may be facing redemption pressure from their home investors. The investing class, thus, stands totally dis-illusioned in the face of massive debasement of currency world-wide. The downgrading of US credit rating is more of a warning to

(Cont.... on P 6)

Post US rating downgrade by S & P, the tumbling of market that started from previous weeks Tuesday continued till Tuesday of week under report and thus in just six sessions Sensex and Nifty lost 1456.42 and 443.95 points e-mail : dilip_davda@rediffmail.com respectively. Midweek gain just short lived as market tumbled thereafter. Likely downgrade for Eurozone area like Spain, Japan, Portugal and France is yet to have its impact on formal announcement. Thus market is now in the lurch of settling at new bottom in the weeks to come. However, India story from medium to long term still remains in tact and less impacted by global turmoil. So buying at every major deep here onwards will provide good rewards to investors who are targeting investment with a horizon of one and half to two years span. During the week we witnessed wild movements in volatility index. During the week Sensex moved between 17256.46-16432 and Nifty between 5204.20-4946.45. Secondary Market :- Continued global melt down forced our markets to open with a weak note that translated in a poor opening with a gap on Monday. BSE Sensex opened below 17K mark at 16907.57 and finally closed at 16990.18 with a loss of 315.69 points amidst choppy trades. NSE Nifty too mirrored the similar sentiments and opened at 5083.85 and ended the day at 5118.50 with a deficit of 92.75 points. On Tuesday again lower opening with a gap was seen as US and Europe crisis were mounting and all global markets continuing bleeding. BSE Sensex opened at 16517.87 and ended the day at 16857.91 with a deficit of 132.27 points. NSE Nifty opened at 4947.90 and closed at 5072.85 with a loss of 45.65 points. With wild fluctuations, indices managed to recover from the low of the day. Thus in last six sessions, Sensex lost 1456.42 points and Nifty posted fall of 443.95 points. As no other negative factor emerged post US Fed Reserve meet, global markets recovered sharply that helped our markets to open with a higher gap opening on Wednesday and the tempo was maintained till the end of session. BSE Sensex closed at 17130.51 with a gain of 272.60 points After edgy start on Thursday market remained weak as Food Inflation rose to last four months high of 9.90% and raised concern. BSE Sensex although remained above 17K level, it closed with a loss of 71.11 points at 17059.40. (Cont.... on P 2)

Now Eurozone Crisis raises the head Smart tips

Experts Eye
Dilip Davda

Jubiliant Foodworks: Strong possibility of its re-rating

Hero Motor : Increased demand in rural India would be positive factor for this company Oil India: Some Fund managers are very much bullish for this stock. Lovable Lingerie: The company is following on Page Industries path Power Grid: Some fund manager have started to accumulate this share at every dip Blue Dart: Strong speculation of delisting may lead the price to its new top level
Jubiliant Foodworks (Rs. 851.00) (Code: 533155) :- Mar-

Sterlite Techno (Rs. 42.00) (Code: 532374) :- Having bagged

orders worth Rs. 22oo crore from power sector and orders worth Rs. 500 crore from Telecom sector Sterlite Techno has achieved 28 % growth in its order flow during FY 2011. The 70 % of its total orders are placed by Power Grid Corporation only which are going to be executed within next 12 to 18 months. Sterlite Techno has successfully maintained its leadership position in conductor market over the years. The company has posted the net profit of Rs. 10.30 crore on turnover worth Rs. 682.23 crore achieving EPS of Rs. 0.29 for the FY 2010-11 ended on March 31, 2011. The 52 weeks highest price of this share was recorded at Rs. 124.20 and the lowest one was registered at Rs. 44.60 indicating upward movement very soon.

Terrific Shots

Best Buy

Shriram City Union, Puneet Resins, Natural Capsules

Simplex Casting (Rs. 85.00) (Code: 513472) :- Simplex Castings

is manufacturer of heavy engineering castings of various grades. Steel casting generates 50 % of its total revenues followed by 40 % from cast iron castings while balance comes from fabrication and equipments. Its products mainly include gear wheels, truck frame, casnub bogies, wind mill hub and zero leakage cock oven doors, and it caters to various sectors such as steel, power, railways, mines, cement and chemicals.

(Cont.... on P 6)

ket has been witnessing the fluctuation of Rs. 25-30 on daily basis for this share since last many sessions. The companys most popular brand Domino Pitza has become favorite among young generation of India. The sales of the company is up 60 % to Rs. 217 crore and the net profit is up 52 % to Rs. 23.17 crore for the Q1 of FY 12. The company is opening its new branches beside it is launching some new products very soon. Hero Motocorp (Rs. 1890.00) (Code: 500182) :- Separated from the Hero Honda this company is incorporated as Hero Motor, engaged with production of two-three wheelers, and has posted most excellent result for the June quarter of FY 12 as it has earned the net profit worth Rs. 558 crore on turnover worth Rs. 5683 crore achieving quarterly EPS of Rs. 28 for this period. It may be recalled that the sales of passenger cars and truck has declined sharply across the auto sector but fortunately the sales figure for two-three wheelers could successfully maintain its level beside increasingly growing demand of two and three wheelers in rural India would be most positive factor for this company. Investors can take entry at this level for short term gain. Oil India (Rs. 1346.00) (Code: 533106) :- This public sector unit is engaged in oil exploration and production business. The 52 weeks highest price of this share was recorded at Rs. 1635 and the lowest one was registered at Rs. 1207. On financial front Oil India has posted excellent result for the Q1 of FY 12 as it has posted the net profit worth Rs. 850 crore on turnover of Rs. 2366 crore achieving quarterly EPS of Rs. 35.33 for this period. Some fund managers are very much bullish for this share. Lovable Lingerie (Rs. 446.00) (Code: 533343) :- In a chaotic market such as we are currently witnessing Lovable Lingerie is glittering significantly. The products of Lovable Lingerie are alike products of Page industries that is mainly popular for its brand name of Jokey. It may be recalled that the market has been witnessing high degree of volatility for its share since last many sessions and it share, having EPS of Rs. 24, had jumped the (Cont.... on P 2) top level of Rs. 2700 very recently.

Senior Astrologer Dharmesh Joshi

Mob. : 9909941816
E-mail : stockmarket@ganeshaspeaks.com

Nifty F & O Range @ 4930 to 5230 point in Short Term

NIFTY FO CLOSED @ 5075 AS ON 12.08.2011..!! NIFTY FO has resistance at 5097 5109 Level; above which other resistance levels are at 5130 5197 Level with highly Volatile Trend, In Downside support levels are at 5033 5003 Level; below 5003 Level, other support levels are at 4977 4930 Levels. I am positive for next week above 5197 Level but be with the trend. Let the market de-

Sensex Predictions 15th Aug. to 19th Aug.

15-08-2011, Monday :- The market will remain closed due to Independence Day.

MARKET TREND
NIKHIL BHATT (+919979380808)
WWW.INVESTMENTPOINT.IN Rs 113 for the target of Rs 137 149; below Rs 113 it can fall up to RS 103 96 levels. If it crosses Rs 149 level than expect nonstop rally up to Rs 167..!! 2. DELTA CORP (99) : Operator based Game start in this stock, Buy @ Rs 95 With SL of Rs 87 for the target of Rs 113 119 level below Rs 87 it can show further downfall up to Rs 80!!! 3. PARRY SUGAR (101) : Buy delivery of this stock near @ Rs 97 with SL of Rs 93 for the target of Rs 113 119 level. It is very good for medium term position also!!! 4. BANAS FINANCE (217) : This stock is looking very good to buy @ Rs 203 with SL of Rs 197 for the target of Rs 233 247 Levels below Rs 197 Stock shall witness free fall!!! 5. SIMPLEX REALITY (127) : Buy @ Rs 120 levels considering minor support of Rs 113 and stop loss of Rs 109 for an upper target of Rs 139 148 levels. Below Rs 109 it can slip up to RS 103 97 levels!!!

16-08-2011, Tuesday :- Ganesha is worried, as the market is likely to

remain volatile from 14-10-2011 to 07-11- 2011. Order the monthly graph for this period now via email, as Ganesha may not be able to remind you again of the same. Today the Moon is in the zodiac Aquarius of the Poorvabhadrapada Nakshatra. Sun-Venus are in the same navmansh. 9:15 to 9:45- Nifty may hover around yesterdays closing to downside. Technically speaking, Nifty is likely to get a Doji i.e. marginal closing today, feels Ganesha. Nifty may take a big jump in the next two or three days, feels Ganesha. 9:45 to 11:35- There may be a cut on the upper side at Nifty. Although you may make efforts to take a jump between 11:35 and 14:35, you may not earn any profit. However, a good script may help you to gain through intraday. 14:35 to 15:30- There may be a slight, but gradual, recovery at Nifty during this time frame. 17-08-2011, Wednesday :- Today the Moon is in the zodiac Pisces of the Uttarabhadrapada nakshatra. From today onwards, Mercury will be retrograde and combust in the zodiac Cancer. Venus will transit via the zodiac sign Leo. Ganesha is in a negative mood during the opening. However, overall, he looks quite optimistic. The cut during the first 15 minutes is likely to be average. 9:30 to 11:30- Ganesha seems quite optimistic. However, you will have to show courage to do jobbing on the upper side. The price of L&T Finance Long-Term is likely to increase nearly two times or more between 01-07-2014 and 10-06-2015. It can prove to be very profitable, if added in your portfolio. So, if you wish great gains, you may do that. 11:30 to 12:15 is a sensitive period, and may keep you under pressure. 12:15 to 13:30- Nifty shows an upward trend; you may come across a profit-booking at about 13:00. During 13:30 to 14:45, keep a tight stop-loss, and after that take a fresh position on the downside, and (Cont.... on P 3)

6. SUBEX LTD (47) : Operator based buying has been there in this stock. Buy @ Rs 47 with SL of Rs 42 for the target of Rs 57 61 levels it is very good for long term position also!!! 7. ABG INFRA (202) : Trading point of view BUY @ Rs 193 With SL of Rs 187 for the target of Rs 219 223 level below Rs 187 It can show further downfall up to Rs 181..!!! 8. KINETIC ENG (141) : Buy delivery of this stock near @ Rs 134

NIFTY

SENSEX

cide further moves. As we are saying from many days Buying is suggested in falls only...and its still a better strategy in the given Scenario...!!! Regarding long term positions, it is preferable to remain cautious now...!! If NIFTY crosses 5197 Level, again then the upper side target is quite high and it may touch 5230 Level in short term...!!! GOLDEN STOCKS FOR THE WEEK : 15.08.2011 TO 19.08.2011 1. BAJAJ STEEL (122) : It is suggested to buy @ Rs 117 with SL of

with SL of Rs 127 for the target of Rs 157 163 level. Its very good for long term position also!!! 9. JMT AUTO (68) : For medium term buying is suggested @ Rs 64 with SL of Rs 61 for the target of Rs 77 83 level. Below Rs 61 it can show further downfall!!! 10. TISCO (476) : It is suggested to SELL with SL of Rs 491 for the target of Rs 460 447, below @ Rs 447 it can slip up to Rs 433 419 level. Above Rs 493 level will take the stock to Rs 503 - 513!!!

Printed by Dilip K. Shah, Published by Dilip K. Shah, Owner by Dilip K. Shah. Printed at Allied Offset Printer Pvt. Ltd. 14/2, Kalidas Mill Compound, Gomtipur, Ahmedabad-380021. Published from 311 to 313, Nalanda Enclave, Opp. Sudama Resorts, Pritam Nagar1st Dhal, Ellisbridge, Ahmedabad. Editor : Dilip K. Shah