Indian Market Headlines

 


* Interested buying is seen in Vedanta counters. Keep a tab on Sterlite, Sterlite Tech, Sesa Goa and Hindustan Zinc.

Consider the current rates as the ensuing 52-week's low says a marketman.

* The broad market upmoves was sharper than the benchmark scrips last week. This week, it may be the turn of the benchmarks to dance to the bull tune.

* Bank Nifty has not yet taken off. It is just warming up. That's the feeling of punter pundits.

* An eminent fund manager who was bearish and disappointed with the government's inaction is changing his perspective and was heard talking of buying into select FMCGs, infrastructure stocks, banking stocks and IT. His mantra is simple.....a sector can't give you money….it is the right stock in that sector which rewards you.

* Metals already show signs of recovery. The heat shall continue next week too. That means a rise of at least 50% by

December 2012!

* Himachal Futuristic was locked in upper circuit. Is it Mukesh Ambani's telecom connection at work?

* Genus Power Infrastructure has chalked out a restructuring plan to merge its 40% unlisted associate paper company with itself and then demerging it into a separate listed entity. Buy and hold for 6-9 months.

* Pratibha Industries has decided to sell off its SAW Pipes business to focus only on the water EPC segment. Scrip may shoot up once the deal is done.

* PSL has bagged fresh orders worth Rs.924 crore in Q3FY12 and hopes to get more in Q4FY12. A relatively safe bet at current levels.

* To enhance shareholder value, Ansal Housing has decided to buy back shares at a maximum of Rs.45 per share utilizing upto Rs.11.25 crore. Keep a watch.

* With a likely EPS of Rs.5 on FV of Re.1, Surya Pharma is the cheapest fastest growing pharma company.

* Some low-and-moderately priced banking stocks such as Dena Bank, UCO Bank, Punjab & Sind Bank, Syndicate Bank, IDBI Bank and Indian Overseas Bank are excellent buys for decent gains in the medium-to-long-term, says a banking analyst with a reputed brokerage house.

* Liberty Phosphate is likely to post an EPS of Rs.30 in FY12. The share is going cheap in the fertilizer space.

* Operators shown a keen interest in Manugraph India, which is set to post an EPS of Rs.12 on its small equity of Rs.6 crore. The share can gain 50% in the medium-term from the current level.

* KPIT Cummins are being eyed by some HNIs in anticipation of its FY12 EPS of about Rs.14-15. The share is poised to advance by 20% in the near future.

* Phillips Carbon Black, which recently completed its expansion and a captive power plant, is likely to register an EPS of above Rs.33 in FY12. The shares can be bought for a decent rise.

* Globus Spirits can be bought on its strong fundamentals and improving results. It may record an EPS of Rs.18 in FY12 and further expansion is underway.

* Zensar Technologies is doing well and is expected to notch an EPS of Rs.35 in FY12. This is the cheapest blue chip in the IT space.
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