Archive for June, 2008
Buy HCL Infosystems for One Year - Good Returns Expected
Investments with a one-year horizon can be considered in the shares of HCL Infosystems, considering its well-positioned business in the domestic IT infrastructure market and very reasonable valuations. At Rs 137, the stock trades at 7 times its expected 2007-08 earnings, with a 5.8 per cent dividend yield also providing a cushion against downside.
Strong positioning [...]
Mutual Funds are Investing in Debt Instruments Now
With equity markets in the doldrums, mutual funds are increasingly turning to debt instruments. Several mutual funds have diverted a large portion of their portfolios into debt schemes in the past few months.
The debt portion of assets under management of the mutual funds industry increased by around 25 per cent by May-end from January 2008, [...]
Jetking Infotrain Bonus Issue Proposal
Jetking Infotrain soared 17.44% to Rs 322.95 yesterday on BSE after the company said its board will meet on 30 June 2008 to consider issue of bonus shares. The company made this announcement during trading hours today, 24 June 2007. The stock had a 52-week high of Rs 433.70 on 6 November 2007 and a [...]
Book Profits in Vishal Retail
Shareholders can consider booking profits in the stock of Vishal Retail. Investors who subscribed to the company’s initial public offer last June are still sitting on a 160 per cent return on the offer price, though the stock has corrected substantially from its highs. The current market price of Rs 689 values the stock at [...]
Maruti Suzuki Buy Recommendation
The recent move into the alternative fuel segment and the introduction of diesel versions for some models will help the company combat the spike in petrol prices.
We recommended a ‘buy’ on Maruti Suzuki in early February at Rs 904. At that time, the company’s strong sales numbers in the backdrop of rising interest rates, its [...]
KSK Energy Ventures IPO Opens on 23rd June 2008
KSK Energy Ventures, a company with experience in developing and operating power plants, proposes to enter the capital markets with a public issue of 3,46,11,000 Equity shares of Rs 10 each through 100% book building process. The price band has been fixed at Rs 240 to Rs 255 per equity share of Rs 10 each. [...]
Niraj Cement IPO Listing: Share closes at issue price
Niraj Cement Structurals an engineering and construction company focusing on road construction development, closes at Rs 190.15 on the BSE which is marginally above its issue price of Rs 190. Its intraday high was at Rs 197.90 and intraday low was at Rs 169.70. The total traded quantity was 1,77,56,320 shares. The share had opened [...]
Kaveri Seed Company: Buy For 2-3 Years Period
The prices of food and feed products are on an upward spiral, stoked by rising demand, shortfalls in output and expanding export opportunities. This has put producers of agricultural inputs such as hybrid seeds in a sweet spot.
Kaveri Seed Company, an established producer of hybrid seeds for crops such as corn (maize), sunflower and paddy, [...]
Technical Analysis For Coming Week
Chambal Fertilizers: Cmp-90.65- Sell The Stock Around 92.5 With A Stop Of 95 And Expect A Correction Upto 86.6
Ranbaxy Lab: Cmp- 567.75- The Stock Will Continue To Be In A Trading Band. Buy Around 559 With A Stop Of 553 And Sell At 582 With A Stop Of 586.
Tisco: Cmp- 848- The Stock Could Correct [...]
Gold and Crude Oil Price Tango Ends?
Historically, gold and crude prices moved in tandem. The value of the US dollar and geopolitics always played a key role in the price action of both commodities. Notwithstanding differences in their utility and unit of measurement or trade (gold quoted in dollars per ounce and crude oil in dollars per barrel), there was certain [...]
