Stock Research

Nectar Lifesciences Ltd Buy Call: FairWealth Securities

Nectar Lifesciences Ltd Buy Call: FairWealth SecuritiesTop-line of the company increased to Rs 8457.99 mn in FY10 as against Rs 7279.68 mn (increase of 16.18%) in the previous year.

The EBITDA expanded by 47.25% Y-O-Y to Rs.2143.47mn. (surpassing our research expectations of Rs 2082.3mn).
The net profit improved by 69.09% Y-o-Y to Rs.922.89mn. (In line with our research estimation of Rs 941.14mn)

COMPANY PROFILE

Nectar Lifesciences Ltd Long Term Buy Call: FairWealth Securities

Nectar Lifesciences Ltd Long Term Buy Call: FairWealth SecuritiesNectar Lifesciences, earlier named as Surya Medicare, promoted by Sanjiv Goyal, was incorporated on Jun. 1995, with financial collaboration with the Punjab State Industrial Development (PSIDC). The company is engaged in producing oral and sterile bulk drugs in the antibiotic segment.

GEI Industrial Systems Ltd Long Term Buy Call: FairWealth Securities

GEI Industrial Systems Ltd Long Term Buy Call: FairWealth SecuritiesGEI Industrial Systems Ltd is a leader in Heat Transfer Technology .The Company specializes in design, engineering, manufacturing, installation and commissioning of extended surface heat transfer equipment and systems.

Key Highlights:

GEI Industrial Systems Ltd is well placed to reap rich dividends from booming power, petroleum and gas transportation sectors as India is poised to be the next refinery hub in Asia-Pacific region. Booming businesses provide clear earning visibility over next few years.

Positional Calls Research Report : Fairwealth Securities

Positional Calls: Fundamental Research Desk

(Validity: 26 th April 2010 to 30th April 2010)

SLNO  Scrip’s                                Buy Price     Stop Loss    Target Price
1     Jindal Saw Ltd                       216-218       211.90       224-228
2     Uco Bank                               64-67           61              72-74
3     Yes Bank                               269-71         265.80       278
4     Dena Bank                            82-84           80.30         89-91

Zenith Computers Limited Buy Call, Abhishek Jain, Stocksidea.com

Zenith Computers Limited Buy Call, Abhishek Jain, Stocksidea.com

Zenith Computers Ltd (ZCL) is one of the largest manufacturers and sellers of a complete range of PCs, servers, mid-range systems, LANs, WANs and Unix products was Incorporated on 20th May 1980, at Mumbai. Rajkumar Saraf and his associates promoted the Company. In starting, Company's object was to manufacture computers and micro processors based systems and peripherals. Later, company introduced high performance MS-DOS machines under the name of PROFESSIONAL.

US stocks drop 3 per cent on economic data, rising lending rates

Wall Street reboundWashington - Two US stock indices dropped more than 3 per cent in early morning trading Thursday, pulled down by a jump in interbank borrowing costs and reports of a worsening economy.

The decline came despite the vote of confidence by the US Senate late Wednesday for a second version of the finance rescue plan.

The US House of Representatives is to vote on Friday for the version after dealing a stunning defeat to the first version on Monday and sending stocks in a 7-per-cent-plus dive.

Aban Offshore JV secures order worth $271 million

Aban Offshore, India's largest offshore drilling contractor in the private sector, said that its joint venture with Venture Drilling AS, has signed an 18-month contract with Maersk Oil Angola, at an operating day rate of Rs 21.78 million.

According to official sources, this contract is likely to commence in July 2009, in direct continuation of its present contract.

The estimated revenue from the contract is approximately US$ 271 million.

Hem Securities has initiated a buy rating on Aban Offshore with a target price of Rs 5555 in its August 6, 2008 research report. However, investors should also keep a strict stoploss to protect their profits.

India's Sensex posts 3.7-per-cent gain

New Delhi - India's benchmark Sensex index rose 3.67 per cent Friday, its biggest rise in the past four weeks, as traders bought up stocks after the country's inflation rate declined.

The 30-share index gained 516.19 points to close at 14,564.53, a level not seen since August 5.

Similarly, the broader S&P CNX Nifty of the National Stock Exchange also went up by 146 points to 4,360 points.

Market analysts said buying picked up after the country's inflation rate declined to 12.4 per cent for the week that ended August 16, compared with 12.63 per cent for the week before.

Gains in global markets also influenced market sentiment, they said. (dpa)

Government studies organized retailing on unorganized retail trade

Kamal NathNew Delhi, Apr 30 : Commerce and Industry Minister Kamal Nath told the Rajya Sabha today that the Government has instituted a study through Indian Council for Research on International Economic Relations to assess the impact of organized retailing on unorganized retail trade.

Nath said, “The government has also commissioned a study to the Nation Council of Applied Economic Research on growth linkages of Foreign Direct Investment (FDI) in India.”

The study will also focus on the impact of FDI on the rural economy.

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.

Reliance may soon breach 2000 levels, Says Ashwani Gujral

Reliance stockReliance Industries has still lot of steam left to take it to levels higher than 2000. Recently, the company has been a re-rating and analysts have a more optimistic view on Reliance.

Technical Analyst, Ashwani Gujral is also suggesting Reliance Industries as it may go up to Rs 2000. Anyone wants to make good profit should buy Reliance at lower levels, as it will soon reach to a new high.

Bonus Issue Peps Suraj Stainless Up

On its plansSuraj Stainless Ltd. to mull over bonus issue, Suraj Stainless climbed up 5% to Rs 337.50. The share price touched a high of Rs 337.50 and a low of Rs 333.20.

Nearly, 13,322 shares were traded on the BSE. The scrip clocked a standard daily volume of 15,571 shares in the past one quarter. On 5 June 2007, the company’s share price turned down from Rs 292.95 to Rs 276.30 on 7 June 2007. It rose since then to reach a high of Rs 321.45 on 19 June 2007.

After market hours on Tuesday, 19 June 2007, the company declared that it would think about bonus shares issue in a board meeting on 26 June 2007.

Reliance Industries Will Shortly Break 2000 Levels - Sudarshan Sukhani

Reliance IndustriesReliance Industries stock is attracting investment support for the value gains linked to its strong position. Technical Analyst, Sudarshan Sukhani has advised stock holders to hold Reliance Industries to see 2000 near the Q1 results time.

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