Owner: Indian Stock Markets Comment URL:http://indianstockmarketscomment.blogspot.com Join Date: Tue, 16 Oct 2007 06:32:08 -0500 Rating:0 Site Description: Indian Stock Markets. Stock Picks. Market Comments. Site statistics:Click here
Reliance Update 2007-10-15 23:12:00 Reliance industries moved up smartly with speculation of bonus or stock split likely to come in the board meeting on 18th October. There are lot of rumours floating on this scrip and punters are having great time in moving this scrip up on speculations.Watch out for 18th October when results are going to be announced. Will any other news come out??? Read more:Reliance
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IFCI Update 2007-10-15 23:08:00 IFCI Ltd has decided to give 30 banks and financial institutions, includingLIC, an option to convert a portion of their debt exposure in the country’s oldest financial institution into equity.IFCI on Monday reported a net profit of Rs 744.15 crore on a total income of Rs 1,081.17 crore for the six months period ended September 30. The company had recorded a net profit of Rs 100.22 crore on total income of Rs 585.05 crore in the same period last year.***************************************************************************There are news that bidders may back out of this due to the equity dilution or stake sale delay but as per the MD of IFCI stake sale process will be completed in next two and half months. Now based on current valuations, IFCI should get even 150 Rs and getting 26% stake at 120 Rs will be very attractive for bidders. Stay invested in IFCI and watch out for more updates. Read more:Update
Market Comments - Another Milestone Achieved 2007-10-15 21:39:00 Bulls achieved another milestone in just 4 days. We may see a new record of 1000 points in one day if this pace continues. I had given two probable scenarios of markets correcting at current levels or then markets racing to 19K and above before correcting. I had choosen the first option as the most probable but bulls wanted to prove me wrong. This is democracy and so majority opinion counts and hence I have no problems in relaxing and watching the show.Dollars are raining and it is pouring like as if there is no tomorrow. All fundamentals are being kept aside and there is just mad rush. We are hearing of a even a pan wala now talking of stock markets and papers reporting about how records are being achieved.I have seen some investors making 40 times returns in one year in one stock but they do not want to book profits and they say they will do so after 25K is achieved. Are we not ignoring the fundamentals? How long can we do this?Just 6 months back analysts were saying that our markets Read more:Market
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Comments on Current Stock Picks 2007-10-15 21:19:00 Here is the updated consolidated list of stock picks and my comments on them1.BAJAJ AUTO LTDDemerger will create value for stock holders. My target is 4000 in 1 to 1.5 years. Already stock has run up from my recommended level in September but still target is intact.2. BHEL :Good order book position. Can expect an appreciation of 50% in one year.Stock
has appreciated well and target of 3000 is on cards.3.DLF Limited :Target of 1100 in one year. Good stock to buy in Real estate. Based on Annual EPS of 40, it is quoting at 15 PE currently and is undervalued.We are close to this target and revised target for DLF should be 1400.4.ICICI BANK LTD.One more good banking stock to pick in private sector. One can gain around 30% in one year time.I think it surpassed my target. It should gain another 30% from here in one year.5. INFOSYS TECHNOLOGIES LTDTechnology stocks which were once darling of the markets have taken back seat now and are not finding any takers but I still believe Infosys will de Read more:Comments
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Teledata on Fire 2007-10-15 00:14:00 Teledata info moved up on Friday and it is up today also by around 12% as it got the required approval from court for demerger.Teledata was one of my picks in speculative stocks.http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.htmlIt should now go to the first immediate target of 90 and then 125 in next 15 to 30 days. However remember that punters play in this stock.
Monday Morning Market Musing - Wait for Opportunity 2007-10-14 22:33:00 Markets tanked on Friday led by Reliance as there was no news of stock split or bonus as was expected. There was lot of speculation that stock split could be announced in the AGM but when this did not come, profit booking started and punters started exiting.The only good thing to cheer about is on the political stability front. We are now certain that there will not be any mid term elections and cong is even ready to dump the nuclear deal to appease the left parties. For the moment this issue is resolved.Markets should open positively today based on the politcal cues adn global cues but I believe that at every rise there will be profit booking and hence we will see correction. If this does not happen and if markets move up again to 19k then we may see a huge meltdown before we touch 20K. The correction at that time will be sharp. I however believe we will have some correction this week as probability is more and not many triggers left for Bulls to lead the charge.IFCI will remain in li Read more:Market
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Weekend Market Comments - Bears in Control 2007-10-13 08:23:00 I will be posting my weekend market comments on every saturday for weekend surfers.... :)Market
s Corrected yesterday as I had mentioned that we were in high risk zone and correction was badly needed. Markets have run up so fast that even our FM was concerned about the rise.Whenever anything rises abnormally then there will be correction and then pause. Fewe months back GMR Infra moved from 750 to 1000 in 2 days time and since then it is struggling around 800 levels. GMR Infra is a good stock but it has run up way ahead and hence it is consolidating now. Those who bought it at 1000 levels will have to wait for some time before it moves up.Similarly Sensex has moved up way ahead and it is time for correction and then consolidation. The earlier it corrects the better or else it would be a vertical crash if it moves up higher and higher without correcting.There seems to be good news on the political front with govt not trying to poke left parties and hence mid term elections are ruled out Read more:Comments
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Market Comments - High Risk Zone 2007-10-11 22:31:00 Markets are moving at a fast pace and even Infy results have been ignored as expected in my yesterdays comments. However this cannot continue for long and if it happens the retail investors will get caught on the wrong side.We should have had good corrections but due to huge FII inflows this did not happen. However market cannot go like this and so I have been cautioning you to be careful and only enter for a quick exit. DO NOT worry that you have missed the last leg of the rally. If you had zero cost portfolio you would have enjoyed the rally. Once 19K is crossed it is time for you to even sell your zero cost shares and wait for correction. Even your zero cost shares, you can make some money when market corrects as it is overdue. Start selling at every rise in terms 0f 10% at every 100 points or so. Correction is a must and it will happen. If this does not stop here then there will be a huge meltdown. Be cautious and limit your exposure.Sensex EPS for FY08 is expected to be 850 and fo Read more:Market
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Supreme Infra Allotment Status Out 2007-10-11 10:48:00 Check Supreme
Infra Allotment
status by clicking the link here. You need to give your application number.http://www.bigshareonline.com/IPO/ipostatus.aspx Read more:Status
Market Comments - Infy Results Disappointing 2007-10-10 23:06:00 Infosys results were just on target with net profit of 1100 crores. The guidance in terms of rupee for FY08 will disappoint market as it is now at 79.88 at the upper end which means the guidance is lowered a bit. Q2 is good quarter for all tech companies and so this will not be good for IT companies as the IT index is going to be down for sure.Why are markets rising so sharply? See the below news from times of india.....It's raining dollars. For the week ended September 28, India's forex reserves increased by almost $12 billion. This is more than the $10 billion that came into the country between April 2005 and March 2006. This was the precise reason market rose sharply creating records. FII believe that rupee will appreciate further and this will help them make more profits.Consider the scenario when dollar was 46. If an FII invested 100 dollars in market investment would be 4600 rs at that time. Now assume the stock price is same then the investment amount in Rupees will be same a Read more:Market
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Infosys Results - What can we expect from this? 2007-10-10 10:56:00 Tomorrow Infosys
is going to come out with Results and lot of expectations are there.Market expectations are that Infosys sales will be up around 8 to 10% and profit around 2%. The key is the guidance revision. FY08 Guidance for EPS was around 80. If Infy can up this to 83 or 84 then market will be pretty pleased with this and Infy can jump another 100 to 200 Rs on account of this.If the results are not good and guidance is around 81, stock may react sharply as it has run up considerably. Markets will also depend on Infosys results and usually Infy delivers good numbers in Q2 which is a strong quarter.Watch out for Infy results.
Market Comments - Never Say Never Again 2007-10-09 22:51:00 Bulls were on rampage yesterday after the initial lull and though I expected the rally to start after couple of days, it started in a jiffy. If you read my comments yesterday where I had mentioned...."Wait for the signals to enter fully. However buy in small quantity the above stocks so that you do not miss the bus when rally starts again."Bears did not expect the reversal to happen so quickly after the fall on Monday and the reversal was so sharp that the shorts had to be covered and most of the short sellers were badly trapped. This is the precise reason I never advise short selling. One should buy only puts if we feel market correction is likely. This way you minimise your loss and also they act as hedging to your equity stocks.Market
s will open with a bang again and we should see a good rally before some profit booking happens. There will be volatility again as markets have run up quiet sharply recording the biggest gain in single day. At this pace we should see 19K very soon as US Read more:Comments
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Special Market Comments -Gone with the Wind 2007-10-09 08:29:00 I know that you must be waiting to see my comments and it will be too late for my comments in the morning when a sensational run by Bulls takes past my destination 18K. That is why I am posting my special comments in the evening. After 18K what next. It is Destination 20K but not so early. We will have to wait quiet sometime on this.Those who bought IFCI, RNRL, RIL, GMR Infra, SBI, IDBI after reading my market comments must have enjoyed the rally today. IFCI was a gem giving a great opportunity for those who bought it after market opened as I had said that IFCI had bottomed out. More than 12% returns in a single day. That is punters at their best in this bull market.Their seems to be some huge activity happening there and leave worry for some time aside and enjoy the rally. However you should be very fast and make exits with small gains. Those who have exited earlier and have not entered yet can try to make stock specific entries like I had given today morning. When markets can rise 80 Read more:Market
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GMR Infra Split Shares Allocation Complete 2007-10-09 03:19:00 GMR Infra allocation from 10 Rs to 2 Rs face value has been completed. All the share holders who were holding GMR Infra till the ex-date of 27th September 2007 have now been allocated 5 shares instead of the previous 1 share they were holding.
Market Comments - Stock Specific Activity 2007-10-08 22:53:00 Markets corrected finally which was overdue. There were lot of stocks which corrected more than required and so one can start entering these stocks slowly. GMR Infra gives good opportunity to enter.IFCI also once again the bottom is seen for now and so the uptrend could start again. IFCI will be punters delight till the completion of bidding process is over. It will keep moving up and down and those who play in this will enjoy the up and down moves.RNRL has also corrected well and this stock could be good for long term. Powergrid Corporation is another stock to buy with long term vision. Buy at every dip and hold it for long term. You will reap rich rewards.Bihar Tubes is another speculative stock which is being latched on by market players. Those who enjoy playing with speculative stocks may enter this stock for quick returns though risk is always there.Markets may be volatile today though the weakness could continue for couple of days. However the key now is going to be the Results. Read more:Market
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Monday Morning Market Musing - Patience is the key 2007-10-07 22:01:00 US markets closed strongly on Friday and so the opening will be very strong in our markets also. We should touch 18K in the opening trade and then we may see some volatility again.I am still of the view that you should refrain yourself from the market for atleast another week and enjoy the show. I will guide you on a daily basis and only after we get the required signals we will enter the market. However if you cannot refrain yourself from market, then you can trade on a day to day basis with momentum stocks like Reliance, Reliance capital, SBI, Infosys, GMR Infra, IFCI etc. However this is a very risky thing to do. Choice is yours.Powergrid corp is an excellent scrip for long term. However its price has run up more than what the fundamentals warrant. Try to buy this scrip if it comes to around 80 levels. It should come to level when we see some correction.IFCI has corrected as expected and there will be lot of volatility in this and the stock will keep moving up from 80 to 100 levels Read more:Market
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Power Grid IPO - Spectacular Listing on the bourses 2007-10-05 00:26:00 Those who invested in Powergrid IPO ( my rating was 7/10) must be enjoying the Spectacular
debut and the fantastic returns they got.Powergrid was issed at 52 Rs and it is currently trading around 100. It touched a high of 109.50. Those who invested 1 lakh rupees have been alloted 286 shares and so they have made nearly 15K profit. 15% return in less than one month !Do you want more IPO's like power grid.....Yes.....Yeh Dil Mange More !!!!
Market Comments - Where Eagles Dare 2007-10-04 21:39:00 Bulls are in control fully and not allowing bears the chance to bring down the market. However it is only a matter of time before bears can strike back. Market
s are entering into unchartertered territory with lot of inflows every day.Maytas Infra IPO was subscribed 100 times in FII section which shows the current appetite of FII. However please refrain from entering the market now. It is time for you to book profits and sit on cash. DO NOT worry about markets moving up as the movements can be either way and huge volatility is expected.Jai Corp has crossed 15K and still going strong. It is going like Unitech way and those who bought recently around 6000 must be enjoying the rally.IFCI has come down as expected and you can see 80 level also in this. You can then enter this again to make some more free stocks. Please see my stock picks link shown below for my stocks and if you are planning to enter now wait for correction before you buy the stocks.Powergrid Corporation is listing today an Read more:Comments
Stock Queries Updated 5th October 2007-10-04 21:15:00 I have updated stock queries posted till October
4th in my bloghttp://indianstockmarketsquery.blogspot.comKeep posting your queries and I will try to respond faster. :) Read more:Stock
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Know your Allotment for Koutons and CCC 2007-10-04 10:44:00 please have your application number ready and click the link so that you can enter it for knowing your allotment.For Koutons the link ishttp://203.199.177.158/kristel/krilipo.aspFor CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED the link ishttp://203.199.177.158/kristel/ccclipo.asp Read more:Allotment
Maytas Infra Allotment Chances 2007-10-04 10:19:00 Maytas infra was given poor rating by many Analysts but I had given my rating as 7 /10 and asked to subscribe. FII portion was subscribed nearly 100 times which itself shows the strength of the IPO. My view was that if the retail part will be subscribed by 15 times, then those who apply for max of 270 shares ie for 1 lakh band would get firm allotment of 18 shares. The issue just got subscribed 15.41 times and may be some price bids being rejected all will get firm allotment in the 270 shares category.All retail investors will get 18 shares alloted and only the allotment chances will differ.Those who applied for 270 Shares allotment chances will be 98%.Those who applied for 252 Shares allotment chances will be 92%.Those who applied for 234 Shares allotment chances will be 85%.Those who applied for 216 Shares allotment chances will be 78%.Those who applied for 198 Shares allotment chances will be 71%.Those who applied for 180 Shares allotment chances will be 64%.Those who applied for 16 Read more:Allotment
Market comments - Wait and Watch 2007-10-03 23:06:00 Markets will be volatile like yesterday when there was a fall of 600 points in 1 hour. The best thing is to do is wait and watch. Markets will most likely correct and there will be huge volatility. Maytaes Infra IPO closes today. Read more:Market
IPO Analysis and Ratings - MAYTAS Infra 2007-10-03 08:49:00 Maytas Infra Ltd.Issue opens on : Sept 27, 2007Issue closes on : Oct 04, 2007Price Band : Rs 320-370Minimum application :18 equity shares and in multiples of 18 equity shares thereafter.My rating : 7 / 10MAYTAS infra is promoted by SATYAM group promoters. In future Infrastructure stocks are going to do well and since MAYTAS comes from Satyam group, this stock is attracting attention from FII.Financials : Based on last year EPS of 9, Maytas looks expensive with PE of 40 plus on upper price band but with this year EPS expected of 15, Maytas will command PE Of around 25 on upper price band of 370. Ideally the price should have been between 250 to 300 but based on current market euphoria promoters are trying to extract more premium. This is obvious in a bull market. There are many Analysts who recommended not to subscribe for this but my view is to subscribe for this IPO for listing gains.Expected Listing Price : Present Grey market premium is around 150 plus and so we can expect a list Read more:Analysis
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Market Update - Bulls in Flow 2007-10-03 01:26:00 Bulls in flow and market a kissing distance away from 18K. What is happening? every analyst has given a call for market correction but markets are in full swing. However I still advise you to be cautious and this kind of euphoria is unwarranted and sharp correction is expected.If you had bought stocks earlier and already booked partial profits, now book some more profits and sit with cash. As explained in my today's market comments, the last wicket partnership is fruitful and runs continue to flow.IFCI, Reliance Capital, SBI, DLF, Reliance, Reliance Petro, GMR Infra, Jai Corporation, Nagarjuna Fertilisers etc which were my picks have given decent returns and it is time to take a break. I will guide you once again as to when to pick the stocks again.DO NOT get frustrated with the last wicket. It will happen soon. Be safe. Read more:Update
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Market Comments - Sense Prevails 2007-10-18 20:03:00 Finally some 'sense' has prevailed and markets corrected meaningfully. Reliance industries results were above market expectations but there was no bonus or stock split ie scenario 2 which I guessed correctly. The results came in the evening and not during market hours but I believe the news was sensed by market and so came the correction.This was bound to happen as I had said that we had seen on wednesday was only a trailer.What happens next ? Market
s may open with a gap up opening again which may give wrong signals that recovery is imminent but selling should come at every rise now.I feel there is still lot of pain is left in the system. Markets will correct further and based on past experience it will take some time before markets recover and they are back on the way to destination 20K.GMR Infra posted a consolidated net profit of 49 crores but these results are not significant now as the future profits are going to count. Buy GMR Infra from below 150 levels onwards.Powergrid touch Read more:Comments
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Market Comments - King to decide the next move 2007-10-17 20:55:00 What happened yesterday was only a trailer of what could happen in future. When the markets are overheated like what has happened so far, they can collapse in a jiffy was the message to all investors. However markets recovered smartly as FM came and did the required damage control in his own style. Every one wanted the Bull Run to continue and set aside the 'SENSE' in SENSEX. What we are now going to see is only 'X' the unknown quantity rather than the BSE Index called SENSEX.The whole drama was executed meticulously just to give the FII an indication that the governmean do anything they can if the markets are taken to dizzy heights in an unwanted manner. What happens next? What should we do now? Should we enter the market or wait on sidelines? These are many questions that are cropping up your mind....right????I would suggest that if you are a new investor and if you want to invest for long term then buy my recommended scrips with 50% of your capacity and then hold the 50% of your Read more:Market
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What is P-Notes and why did SEBI put restrictions 2007-10-17 00:12:00 P-Notes
are like our mutual funds where lot of money is collected from various investors in different countries and routed through registered FII in India.There was lot of money flowing in form of P-Notes and this was taking our markets to unchartered territories. Now if SEBI did not put restrictions, our markets would have even touched 25K by this year end and later if a crash was to happen, it would have damaged the UPA govt reputation. This is why SEBI acted now to control the flows and also it acted as a signal for investors to exit and for new investors not to enter.
What to do now? 2007-10-17 00:07:00 DO NOT panic and stay cool. If you have followed my blog from the beginning and have a portfolio with zero cost concept then you would not worry and instead you can now go for bargain hunting with many of your stocks and sell at higher levels again to add some more shares free of cost to your portfolio.For those who have invested heavily and have not followed the above concept, do not panic but instead wait for opportunity to buy good stocks at lower levels and then stay invested for 2 years to reap benefits.Please wait for some stability in markets before you buy.
Market Comments - The X Factor 2007-10-17 00:02:00 sorry for posting my comments late but I could not access this site for some time and hence late....As I have been mentioning in my comments that markets are overheated and correction was required. This did not happen and that is why SEBI had to intervene to see that some correction happens. When you take out Sense from Sensex then ony X remains which usually means unknown thing.The FII in their eagerness to grab a pie in our market have pumped in money like anything and have taken market to dizzy heights. This made the government to worry as if this continues we can see a meltdown when it goes to new heights like 25K. At that point a 10000 point crash will be there and the small investors or those who entered in the last leg will suffer heavily. This will have impact on the government as elections are due in 2009. This is the precise reason govt has asked to SEBI for ways to control this flow.(Market
s will open down 700 plus points and we can see even correction upto 1000 points unle Read more:Comments
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