FII RESOUNDING COME BACK
FII trading activity on NSE and BSE on Capital Market Segment
The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 06-Aug-2008.
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 06-Aug-2008 | 4925.61 | 3109.87 | 1815.74 |
Reduce NALCO, target of Rs 390: IIFL
IIFL has maintained its reduce rating on National Aluminium Company with a 12-months target of Rs 390 in its August 4, 2008 research report. “National Aluminium Company’s (Nalco) 1QFY09 profit of Rs 5.2 billion was marginally below our estimate of Rs 5.5 billion. The shortfall was primarily due to lower-than-estimated sales volumes.”
“Nalco is likely to benefit from higher LME prices and rupee depreciation, but its fuel costs are likely to rise on account of increasing dependence on imported and auctioned coal. Nalco’s brownfield expansion will be commissioned in phases and full benefits of the expansion will not come before FY11ii. Retain REDUCE, 12-months target Rs 390,” says IIFL’s research report.
Buy Gammon India, target of Rs 281: IIFL
“Gammon has merged its T&D contracting associate, ATSL with itself. Post downward revision in estimates of organic business and inclusion of ATSL financials, the stock is trading at adjusted FY10ii PE of 7.1x. The stock is cheapest among peers. However, consistent performance is required before the stock re-rates. Buy, 12-months target Rs 281,” says IIFL’s research report
E MATHEW ON HOTEL LEELA.Technical Analyst, E Mathew is of the view that Hotel Leela Venture can test Rs 35. The stoploss is at Rs 8 lower than the current market level.
Mathew told CNBC-TV18, “Hotel Leela Venture is looking reasonably good. There is a good trading opportunity here because the stoploss is just about Rs 8 lower than from current levels, whereas one could see an upside of easily of round Rs 35 from the current levels.”
Bata India can touch Rs 195-200: Mathew
Technical Analyst, E Mathew is of the view that Bata India can touch Rs 195-200.
Mathew told CNBC-TV18, “Apart from the real estate flavour, there is something much more happening in Bata. The move past Rs 160 to be precise, is quite important and in the days to come if it is able to consolidate at these levels, we could look for a minimum upside of around Rs 195-200. I hold some Bata shares as a long time family elm and it has been lying there for quite sometime.”
Ashok Leyland may test Rs 38-40: Mathew
Technical Analyst, E Mathew is of the view that Ashok Leyland may test Rs 38-40.
Mathew told CNBC-TV18, “If Ashok Leyland is able to sustain above Rs 32, I think we have a nice trading move coming here, which could take you all the way to 38-40.”
Buy Bongaigaon on dips: Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that one can buy Bongaigaon on dips.
Sukhani told CNBC-TV18, “On BPCL there is nothing on the charts. It is a volatile stock; it goes up, comes down. I won’t touch it there is no sense of direction either.”
He further added, “Bongaigaon has done very good things. If you understand that business then this is a stock that should be bought on dips. There are much more ambitious targets there on the charts.”
Buy SRF on dips: Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that one can buy SRF on dips.
Sukhani told CNBC-TV18, “SRF has been a good buying opportunity for investors. The stock has made a range that is about 4 months just Rs 100-125, it broke out of that range that gives us a message that this is now beginning its own bull market. So I think people should track this stock, buy it on dips, they will see much higher levels ahead.”
Expect good uptrend in Bata: Sukhani
Technical Analyst, Sudarshan Sukhani is of the view that one can expect good uptrend in Bata.
Sukhani told CNBC-TV18, “Bata has been in a wide trading range for almost two months and that’s a decent base for a stock to build up. The stock broke out and that suggests that probably the worst is over and whenever Bata finally decides to do its things, I think it will give us a good uptrend. That’s a stock investors should look to and traders should be looking to trade in it.”
Avoid big ticket longs for now
Technical Analyst, Vijay Bhambwani:
The overseas cues ensured a choppy session as the domestic markets opened under pressure, see-sawed between positive and negative territories, only to end with losses on bull unwinding. The indices lost about 0.50 % on lower volumes as the retail participation was wanting. The BSE market breadth was negative as the figures were 1845 : 805. The daily bar chart indicates a key reversal as the close of the day was below the open of the day - a cause for mild concern on the fist day of the week.
Prakash Gaba : Certified Financial Technician and a Trader
The support for the Sensex is 14370 and the resistance to the up move is at 15344
NSE Nifty: (4414) the crucial support for the Nifty is at 4360-4340creel resistances to the up move is at target is at 4622
Modern Dairies:-Rising star in the agro product sector
Cmp:34
Code:519287
Story:-Another company which has got a super prospect.But scrip got hammered,why?No rationality and the result was bogus for most investors.Sales got more than doubled but Np slided.Well look at the EBITDA people,forget it,just add up deprication and interest to net profit and you would see the profit actually got doubled.Its a small company which has earmarked an expansion of 155 crs.Marketcap at present prices would be less than 70crs i assume.Previous year it made exports of less than 20crs this year already the exports have hit around 120crs.The promoters themselves put in 25crs to garner themselves more 15% stake.They could have placed the shares to any FII but they alloted themselves.Now when a promoter buying its own company shares,what can be the indication?Surely there is some great stuffs going on in the company..Promoters bought at 80 odd and at present its 30 odd.Do you feel owning a dairy business at these point of time would be fruitful for you given the above lines?Decide yourself.
Mold-Tek Technologies Ltd:-A gem of a gem
Code:526263
cmp:62
Target:80
Duration:1-2 months
Story:Mold-tek is the leader in Plastic Pail Packaging industry in the country.It is the only supplier to its clients like Reliance Petroleum Ltd,ICI, Emirates Petroleum Ltd.etc.With time the company has diversified into providing structural engineering services for global clients in USA, Canada, Gulf & Europe.The KPO Division is currently providing services to more than 25 US Clients and has aggressive marketing plans to add further 10-15 clients in the current year.To unlock value for its shareholders mold tek is demerging its Kpo and Plastic business and plans to list both companies seperately.The demerger ratio is 72:28(for 100 shares of mold tek you would get 72 shares of the plastic division and 28 shares of the high growth KPO division),with plastics packaging accounting for 72% and the remaining would be KPO business.Both the divisons of the company has got tremendous potential and prospects.Go for it.
Techinally:-The scrip has formed a base at 60-62rs i dont feel that would get violated again.Infact after a long time with good volumes it has shown strong movements.I expect the scrip to zoom past 80 mark fairly soon.So both from the fundamentals and from the technical aspect,mold tek is a clear-cut buy.
Biopac India Corporation:-To surprise your portfolio
Cmp:14
Bse code:532330
Story:-Biopac india was suggested at 18rs earlier with a target of 30rs and then it went on to hit a high of 54rs in jan 08.We all know since jan what happened and biopac too is no exception from all the batterings.Its a unique company catering to the booming retail sector.It has tied up with retail biggies like Aditya birla,reliance retail etc.The company also very recently commenced production of kitchen aluminum foil.It has installed an initial capacity of 50 metric tons per month. BIOPAC kitchen foil is sold in domestic market in the brand name of 24KARAT aluminum foil and is offered in institutional as well as retail pack.BIOPAC plans to market the 24KAR4T Foils through it vast network of existing nationwide dealer and distributor network and also plans to export to its overseas customers.The company plans to double the installed capacity by the end of the current financial year to 100 metric tons per month.Though the company hasnt performed financially great but with these developments the company should deliver better numbers in the coming quarters.At 14rs it looks to be a good safe bet.
Nifty Futures reached a high of 4629.80, but later reacted and dropped all the early morning gains to close 2 points lower than yesterday. There are three key resistance points here in this set up - 4537, 4658 and the 200 day average at 4736.28. At the back of good internals, we should be able to pierce through the overhead resistances. The right strategy of course remains "buy on dips".
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