Analyst View

Market Trend Is Cheerful And Constructive - Brokers Prospect

B Sahu, Khandwala Securities said that today market being knocking down by 96 points was estimable for the market as alteration is long overdue. Overall money flow in the market is fine, FIIs are pouring in money in the markets since last few trading sessions.

According to him, this is the moment for re-balancing and reshuffling the range. He commends investors to gather stocks of companies that are expected to nurture in coming future.

“It is moment to select your sector and stock,” said Mr. Sahu.

He also added that overall market trend is cheerful and optimistic. Tomorrow (July 26) is a decisive day for market because of F&O expiry. So, investors should watch out for global cues for Thursday`s trading session.

Emkay suggests To Buy IPCA Labs, Target Of Rs 820

IPCA LaboratoriesEmkay Research is expecting IPCA Lab and maintained buy rating on stock with a target of Rs 820.

IPCA Laboratories net profit increased to Rs 347.2 million in Q1FY08, by 42%, compared with Rs243.4mn in Q1FY07. Revenues grow by 11% to Rs.2466.1 million. Sequential Q-o-Q basis revenues and PAT increase by 12% and 26%.

Accumulate Satyam Computer - Khandwala Securities

Khandwala Securities LimitedResearch firm Khandwala Securities has recommended collected rating on Satyam Computer Services.

Khandwala Securities report on Satyam computers:

Consolidated Results for quarter ended June 30, 2007

• Revenue was Rs 18, 302 million, YoY increase of 26.8% and a sequential increase of 2.9%.
• Net Profit after Tax was Rs 3,783 million, YoY growth of 6.9% and a sequential fall of 3.9%.
• EPS was Rs 5.7, a YoY increase of 4.4% and a sequential fall of 3.9%.

Sensex Level Of 16,000 Seem Very Likely - Amit Dalal

Amit Dalal of Amit Nalin SecuritiesIt was an incredible closing for the stock markets yesterday regardless of some feeble international signals.

The Sensex and Nifty closed on a new record high, each up 1%. Sensex closed above the 15,700 mark, while the Nifty closed the day above 4,600.

Amit Dalal of Amit Nalin Securities thinks that 16,000 for the stock markets seem very likely.

Even Ram Kolluri, President and CIO, at Global Investment Management feel that the global momentum will spread out into the Indian markets too.

P-Sec: Sell Acc, Target Of Rs 816

Broking houseACC Cement, P-Sec is bearish on ACC and has recommended sell rating on the stock with a target of Rs 816.

P-Sec report on ACC:

ACC reported 19% yoy increase in operating profits. PBIT before exceptional was higher due interest income. Higher tax rate is due to adjustment is a one off and tax rate is also expected to settle down to 27%.

Stock trades at PE 16x CY08E and EV/EBITDA of 9.7x CY08E that makes it an expensive scrip.

P-Sec Recommends Buy for Ashok Leyland

P-Sec is bullishAshok Leyland on Ashok Leyland and maintained buy rating on stock. The stock trades at 9.3x its FY09P earnings.

P-Sec report on Ashok Leyland:

Ashok Leyland reported Q1FY08 slightly below expectations. Topline grew by 14% yoy account of increase in realization of 2.6 % yoy. EBITDA margins increased by 224bps yoy improved realization and regular volume growth.

Bottomline was below expectation due to higher interest during quarter. The stock trades at 9.3x its FY09P earnings.

PTC Achieves a Record High with Fund Recommendation

Today, PTC IndiaPTC India zoomed 10.23% to Rs 98.60, expanding its surge over the past few days.

The scrip hit a high of Rs 104, which is its all-time high, and a low of Rs 90.40 during the day. It touched a 52-week low of Rs 46 on 13 December 2006.

On BSE, there were 50.4 lakh shares for trading on the counter today. During the last three months, the scrip showed an average daily volume of 2.50 lakh shares.

On an average, about 28.93 lakh shares were traded in the last four trading sessions till yesterday, 18 July 2007, when the stock arose aggressively.

Strong Resistance For Stock Market At 15379

Stock MarketsThe stock market broadened and saw new peaks as projected and creating history by reaching the historical 15000 mark.

Now the market is trading in blue sky territory. Technically the tendency is still unbroken and there is no symbol of failing though the stock market is in a extended terrain. The other logical technical target in the days to come is 15379.

Realty Sector May Outperform

Dipan Mehta, Member, BSE/NSE is of the view that realty segment is likely to do something to a greater degree.

Buying In Reliance Industries Is The Best Bet

Yesterday’s tradingReliance Industries Ltd. action witnessed unstable movement. But, the reaction reading of the tradable counters remains optimistic. Today’s bear move is expected to modify the response in their favor. In contrast, the existing upbeat sentiment is ready to be further strengthened.

The composition and the position of the top 10 tradable list experienced minor alterations. Bank of India made its way to top 10 list obtruding Satyam. BOI occupied last place in the list.

Rangebound Movement Expected – Vishwas Agarwal

After touching a new high at the opening time on Thursday, the BSE Sensex closed the session at 14,861.89 after losing 18.35 points, whereas the broad based NSE Nifty ended the day at 4,353.95, down by marginal 5.35 points.

Vishwas Agarwal said the stock market once again broke down to reach the psychological 15,000 mark. Conservative buying and selling of stocks could take place in the nest trading session, but the same is likely to carry on.

Mr. Agarwal added that markets still are in bulls grip.

SBI Will Soon Gain Rs 60-70 - Bhambwani

Technical AnalystState Bank of India, Vijay Bhambwani is of the view that one
should hold State Bank of India (SBI) stock as it can add another Rs 60-70
within the coming days.

SBI has been a great mover and shaker. It is good for
another Rs 60-70 before some quantity of profit taking can enter.

Market Touches A New Peak With Opening Bell

Bombay Stock Exchange
The 30-share BSE Sensex opened strongly at 14,868.14, and marched ahead to touch a record high of 14,906.93. Currently, it is trading in the positive.

 

The stocks from pharma led the advancements even as auto and banking sectors traded in mixed.
On the other hand, Asian markets also opened higher for the fifth consecutive day. The stocks climbed after a report indicated that the factory order decline in US is less than the expected, thus giving a boost to the stocks of Asian exporters.

According to Vishwas Agarwal, if Reliance Industries holds 1,710 level, a bombastic rally can be seen in the market.

Sensex Gains 105 Points In Early Trading

Mumbai: On BSE Sensexrapid buying by funds in heavy-weight stocks led by cement sector, the BSE Sensex soared by more than 105 points in early trade. Select stocks from cement, banking, telecom and pharma traded strong while auto stocks led the declines.
The BSE-30 share index, Sensex, which had vanished more than 70 points on yesterday’s closing, rise dramatically by 105.98 points at 14,537.04 in the first five minutes of trading. In the same way, the wide-based National Stock Exchange's index Nifty shot up by 42.45 points at 4,291.40.

Q1 Results Raise Market Expectations – Abhay Aima

Market Analyst Abhay AimaAccording to market analyst Abhay Aima that markets will take signals from Q1FY08 results.
Mr. Aima also said that existing interest rates would not restrain the growth.
The main determining factor for market actions in the near-term will be liquidity. Markets are not overvalued and not very cheap either.
Though, the rising rupee would not impact companies with sturdy fundamentals.

Jet Airways Is Weathering The Storm – Sudarshan Sukhani

Technical Analyst, Technical Analyst Sudarshan SukhaniSudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.
Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

Jet Airways Is Weathering The Storm – Sudarshan Sukhani

Jet AirwaysTechnical Analyst, Sudarshan Sukhani is of the view that investor should hold up Jet Airways stock as it has expectations to rise.

Sukhani stated that it is rising from a long-term bear market. It has really emerged of that, and established a large base, and presently it’s moving in the up-ward direction.

IFCI To Reach 70 Shortly : Sudarshan Sukhani

IFCI is IFCI Ltd.always an outperformer and a favourite stock. Technical analyst Sudarshan Sukhani said that it is a good time to buy the stock in order to make healthier gains in the coming days.

Mr. Sukhani narrated, “Reliance Capital is a dream again for those who held on. I sold off my shares in the last few days. IFCI all of us are saying will come down, that doesn’t mean anything the stock is not coming down, it is consolidating, building a base and it is now ripe for a big upmove. The final target, which people talk about Rs 70 or something could well, is in sight, so IFCI is a stock that people should be looking to buy.”




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