BUY RANBAXY AUG FUT @485-495 BETWEEN TGT OF 510-530-550 ,POLARIS REC @104 TGT OF 111/116/121 POSITIONAL
POSITIVE BULLISH COUNTERS BUY INFOSYS ,POLARIS , ROLTA ,CAIRN 249/255/259 MPHASIS 240-245 GLENMARK @650 TGT 690 , TATASTEEL TGT 650/670 , STERLITE TGT 670 , SELMCL TGT 430/480 FOR POSITIONAL TRADES,
BEARISH COUNTERS SELL PNB@470 TGT 445,427 SL 485, SELL ANDHRABANK FUT @58
SL 61 TGT 52, SELL IOB @110 SL 115 TGT 97BUY MLL BETWEEN 78- 82 TGT OF 110
BUY RANBAXY AUG FUT @485-495 BETWEEN TGT OF 510-530-550 ,POLARIS REC @104 TGT OF 111/116/121 POSITIONAL
POSITIVE BULLISH COUNTERS BUY INFOSYS ,POLARIS , ROLTA ,CAIRN 249/255/259 MPHASIS 240-245 GLENMARK @650 TGT 690 , TATASTEEL TGT 650/670 , STERLITE TGT 670 , SELMCL TGT 430/480 FOR POSITIONAL TRADES,
BEARISH COUNTERS SELL PNB@470 TGT 445,427 SL 485, SELL ANDHRABANK FUT @58
SL 61 TGT 52, SELL IOB @110 SL 115 TGT 97
Buy K P R Mill Ltd, Current market price: 103, target 125. 52 week high/ low: 82/ 210, P/E Ratio: 5.23, EPS (Rs.): 19.87, DIV Yield: 5.00% as on 14th August 2008.
Industry: Textiles - Products
| Year | Mar 08 | Mar 07 | Mar 06 | Mar 05 |
| Profit Before Tax | 82.63 | 80.24 | 92.49 | 0.02 |
| Tax | 3.29 | 21.82 | 16.97 | 0.00 |
| Profit After Tax | 79.34 | 58.42 | 75.52 | 0.02 |
Company’s website: http://www.kprmilllimited.com
1 year chart of K P R Mill Ltd, compared with Nifty:
Recent news updates:
August 05, 2008 -KPR Mill Ltd has informed BSE that the 5th Annual General Meeting (AGM) ofthe members of the Company will be held on August19, 2008, inter alia, to transact the following business: OrdinaryBusiness: 1. To receive and adopt the Balance Sheet asat March 31, 2008 and the Profit and Loss Account for the year ended onthat date togetherwith the Reports of the Directorsand the Auditors thereon. 2. To declare a Dividend. 3. To appoint aDirector in the place of Sri. Shujaat Khan who retiresby rotation and being eligible, offers himself for appointment 4. Toappoint a Director in the place of Sri. M Ramji whoretires by rotation and being eligible, offers himself for appointment. 5.To appoint Auditors and fix their remuneration.Special Business: 6. To appoint of Sri. G P Muniappan, Sri. A Sekar andSri. K N V Ramani, as an Director of the Company.7. To appoint of Sri. E K Sakthivel, as Managing Director of the Company,on remuneration, terms and conditions.
August 05, 2008 -
K.P.R. Mill Limited has submitted to the Exchange a copy of the Noticeof the Annual General Meeting of the Members of the company to be heldon August 19, 2008.
Glimpse of Quartely results:
| Year | Jun 08 | Mar 08 | Dec 07 | Sep 07 |
| Type | 1 Qtr | 4 Qtr | 3 Qtr | 2 Qtr |
| Sales Turnover | 167.96 | 163.50 | 158.69 | 139.19 |
| Other Income | 5.62 | 4.44 | 2.74 | 4.16 |
| Total Income | 173.58 | 167.94 | 161.43 | 143.35 |
| Total Expediture | 133.99 | 141.21 | 124.40 | 99.02 |
| Operating Profit | 39.59 | 26.73 | 37.03 | 44.33 |
| Interest | 8.76 | 0.90 | 4.56 | 5.21 |
| Gross Profit | 30.83 | 25.83 | 32.47 | 39.12 |
| Depreciation | 16.29 | 10.24 | 13.46 | 12.38 |
| Tax | 2.59 | -12.02 | 4.30 | 6.12 |
| Reported PAT | 11.95 | 27.61 | 14.71 | 20.62 |
The Indian market saw sell of from higher levels and closed in red zone. As nifty crack below 4470 levels more sell of pressure seen. For coming session below 4421 nifty can test 4396-4370 levels on the other side 4504 will act as resistances zone
Last week nifty closed with loss of 2.18% and broken the momentum of five week of consecutive week on week positive gain .On daily chart nifty had just closed near support trend line breaking below we can witness more selling pressure towards 4394-4298 zone .For coming session if nifty close below 4425 we can test 4351-4311 zone and if nifty managed to closed above 4504 we can test 4579-4600 levels.
weekly:- Nifty not able to close above channel line facing resistances at higher levels breaking below 4370 more sell off can seen and closing above channel line on weekly basic more upside cannot be ruled out.
SELL ADLABS BELOW 515 TGT 505 >499 STOPLOSS 521
SELL HDIL BELOW 427TGT419>399STOPLOSS 435
STRIDES ARCOLAB 184 TGT 189>193 STOPLOSS 181.5018AUG BUYMPHASIS BFL ABOVE 229 TGT 235>241 STOPLOSS 225
2. Resistance exists for stock at 2376 and 2445 level.Get Stock tips which produce profit in
2. Trend for the stock in short term is imdicating a downward bias.
Investments with a two-year perspective can be considered in the stock of Kalindee Rail Nirman Engineers, which is engaged in the business of signalling, telecommunications, gauge conversion and track-laying for the Indian Railways. A direct beneficiary of the higher government spending on rail infrastructure, Kalindee stands to benefit significantly from initiatives such as setting up of dedicated freight corridors, increased outlay for gauge conversion and the rollout of Metro rail projects in major cities.
At current market price of Rs 209, the stock trades at a reasonable valuation of about 12 times its likely FY09 per-share earnings. This is attractive considering that the company's revenues are relatively shielded from slowing economic growth as the investments in rail infrastructure — a must to bolster the economy — may be the last to see any downturn. Given the stock's small-cap status, investors must consider accumulating the stock in lots.
The proposed setting up of dedicated rail freight network across the country's main business centres — from Ludhiana to Dankuni near Kolkata, and from New Delhi to Nhava Sheva near Mumbai — offers a large opportunity for Kalindee, which has an established relationship with Indian Railways in this line of business.
Besides this, Kalindee may also benefit from the Railways' target of setting up new lines and gauge conversion projects. A major growth driver for Kalindee may come from the proposed rollout of metro rail projects. Having successfully implemented the rollout for the Delhi Metro Rail Corporation, Kalindee now stands a good chance of procuring similar orders from Metro rail projects in both Mumbai and Bangalore.
That Kalindee has, in the last two years, managed a compounded growth of 66 per cent and 98 per cent in revenues and profits, lend confidence to its ability to convert opportunity into business. It currently has an order book of Rs 400 crore and expects to add significantly to it in the coming quarters. The company's June quarter numbers have also been strong, amid slowing numbers for many other infrastructure and capital goods majors.
During the quarter, the company posted 42 per cent increase in profits backed by 23 per cent growth in revenues. Operating margins, which had come under pressure the previous quarter due to the rise in steel price, improved this time around. Helped by the reimbursement of the increased raw material expenses incurred last quarter (on contracts that were covered by the price escalation clause), operating margins in the June quarter were pegged at a healthy 13.4 per cent.
In terms of risk, Kalindee's profitability remains susceptible to rising steel and cement prices. Further, there may also be a risk of higher borrowings or equity dilution in the near future, given that the company is looking to raise funds to meet working capital requirements for its new orders.
Scrip: - Chowgule Steamships Ltd.
BSE Code: - 501833
CMP: - 48
Market Cap: - 180.23 Cr.
EPS : - 7.41
P/E: - 6.70
Target: - May go even in 4 Digit in 4 -5 Years.
52 Week H/L : - 104.55 - 30.35
Summary: -
Chowgule's are one of the old and prominent players in the Shipping Ind. , promoted by the Goan Iron Ore Mine owners, the Chowgules, who happen to be one of the large mine owners of Goa In the late eighties when the shipping co. were finding difficult to survive Chowgule had survived.
with diverse interests.
Chowgule Steamships Ltd is a small Shipping Company owning 3 Panamax bulk
carriers, 1 Supramax Bulk Carrier, and 3 mini bulkers (detailed below):-
Name Vessel Type Built DWT Market Value
(In Million US$ )
m.v. Maratha Messenger Panamax 1995 71252 48.00
m.v. Maratha Providence Supramax 1995 47574 36.00
m.v. Maratha Courage Mini Bulker 1994 2053 1.00
m.v. Maratha Crystal Mini Bulker 1997 3500 2.00
m.v. Maratha Coral Mini Bulker 2000 3427 2.00
m.v. Maratha Explorer* Panamax 1990 68849 32.00
m.v. Global Triumph * Panamax 1996 72870 48.00
*(Owned by 100% Subsidiary Chowgule Steamships Overseas Ltd)
The market value given above is based on estimated current valuations of similar vessels by leading International Shipbrokers.
Based on the above, the estimated value of its fleet is US$ 169 million which is approx crores . But the current Market cap isRs.680 180 Cr. and CMP Is 48 . So the real value should be 3 times of CMP i.e. at 145 Rs.
Further More.
Their office premises at Bakhtawar Building, Nariman Point, which had been revalued to apporx Rs. 20 crores in 2002 should now be worth more than 3 times this amount i.e. at least 60/65 crores..
Thus the hidden real estate value of the Company is approx Rs.70 crores, which itself is worth Rs.15-16 per share !! This is coming free.
The real Multibagger: -
Chowgule in 2012 is coming up with a 100% port at Raigad. This Investment is worth more than 1000 Cr.
Secondly by the sales of ships it earns a huge sum.
Financial s: -
Its operating income has increased 125% compared to 2007 .
Its net profits increased 200 % odd.
PAT increased by 110%.
So the company looks with a good financial sound.
Key Positive: -
A dividend paying stock. Paid 1.5 rs Dividend.
Good valuation.
New Port coming up.
Company is exploring new corners of the unseen ocean.
Key Negative: -
Highly Risky business.
Companies Site: - www.chowgulegoa.com
CMP: - 88
BSE Code: - 532836
52 Week H/L: - 504 / 78
Market Cap: - 133.84
Target : - 350 (1 year)
Summary: -
Gremach Infrastructure Equipments & Projects (GREMACH) in engaged in the business of providing construction and earthmoving machinery on rent. It provides equipment consultancy and maintenance services to optimize use and reduce costs and also hires equipment owned by other parties to rent them out to clients.
Gremach Infrastructure Equipments & Projects (Gremach Infra) acquired a controlling 75% stake in 11 coal mine licenses in Mozambique in Karoo basin. Mozambique is a prime Hard Coking coal bearing area in Africa.
Financial: -
Its Cash EPS has increased from 6.16 to 7.97With the current EPS of 24.43 and a PE of 3.71 the stock looks reasonably cheap. It looks undervalued. Its June 08 result shows decline in sales but a 200% increase in operating profit. . Its net Profit increased 25% odd.
Why it went so high and now come so down: -
FII's sold out this stock in a large proportion.
Key Positive: -
Gremach Infra has come out with Ipo of group company Austral Coke soon, so it will have to show good performance of Gremach Infra stock.
Undervalued.
Paid dividend of re. 1
Good Long term bet.
Key Negative: -
Has bottomed out like hell. Technicals are not in favour.
BSE Code: - 526861
CMP : - 68
Market Cap: - 55 Cr.
52 Weeks H/L: - 206 / 51
Tgt: - 120 (6-7 Months.)
Summary: -
Rishi laser is a leader in the usage of Laser Cutting for manufacturing components and assemblies.Rishi(RLCL) set up its first Laser Cutting facility in 1995. Even though Laser Cutting was very popular in Western Countries at that time, Laser Cutting of metals was very new to India.The progress in the first five years was very slow because Laser Cutting was still looked as a very expensive method of processing steel. Also the Indian Engineering Capital Goods Industry was passing through a very difficult period in later nineties. The scenario has completely changed today for the sector and the company. The Engineering and Capital Goods sector is booming in India and Laser Cutting is fast becoming a very standard method of processing flat steel.The fabrication industry is highly fragmented and there are very few organised large Companies in the business. Rishi Laser continues to be the leader in the business in terms of capacity with 20 CNC steel processing machines. RLCL is now embarking on major growth path to add further facilities to enhance capacity.
Financials: -
Its reserves are increasing year over year. The current reserves are 19 Cr. Odd. Its sales have increased considerably. Rishi has been consistently perfoming well over the last 4 years or so and the same trend is expected to continue in the coming years as well.We expect RLCL to deliver a topline of aound 75crs and a bottomline of about 4.8crs for fy08 .With a low equity base of 6crs the bottomline results in an EPS about 5rs.At the current price of 67rs RLCL quotes at a P.E of slightly above 11.8 times.
Key Positive Points: -
Demand in this sector is growing consistently.
Good sales.
It is there in Rakesh Junjunwalas Portfolio.
Key Negative Points: -
High operating cost.
Not a dividend paying stock.
2. Profit from stock tips: ABB gave a profit of Rs 490, ABG Shipyard, Reliance did not reach the entry price and Torrent power gave a profit of Rs 285 for every 100 shares traded as per tip generated.
3. Strong Future Stocks of Indian stock market
Polaris
AIA Eng
Aptech Training
Cummins
India Infoline
Triveni
Kpit
Strides Arcolab
Ansal Infra
Gail
4. Weak Future stocks News
NDTV
Bombay Dyeing
Amtek auto
HDIL
Aban
Rcom
Sterlig Bio
IDFC
S Kumars
Hindalco
5. Intraday stock tips of India which produce profit
Buy TISCO>651.1,663 sl 648.8
Buy Infosys>1705.1,1725,1750 sl 1698.8
Buy Unitech>182.1,186 sl 178
Buy Torrent power>120.5,123,127 sl 118.5
Buy Reliance>2351.1,2374,2400 sl 2346 (keep an eye on this stock for this trade set up, but remember to enter at recommended level only)
Buy ABG shipyard>401.1,416,422 sl 397
Buy Polaris software>111.1,112,115 sl 108.7
Note: Very few stocks are giving buy signals and thus stick to recommended price level and do not be in a hurry to buy.Let the recommended stocks trade above the recommended level for 2 minutes above the level and than enter.
6. Stocks worth Holding: Tata tele and Dish TV
Market may open up. Market may up between 11.10 and 11.35. Market may steady or up side between 12.22 and 12.55. Market may close at up to previous closing.
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Opening Bell Call
Buy
ABB - ABB Limited
ORCHIDCHEM - Orchid Chemicals & Pharmaceuticals Ltd
SATYAMCOMP - Satyam Computer Services Ltd
GLENMARK - Glenmark Pharmaceuticals Ltd.
M&M - Mahindra & Mahindra Ltd.
On 14th August 2008 - The BSE Sensex closed at 14,724 (down 368points) while the NSE Nifty closed at 4,430 (down 98 points).
Opening Bell Call
Sell
RELIANCE - Reliance Industries Ltd
NTPC - NTPC Limited
SUZLON - Suzlon Energy Limited
RECLTD - Rural Electrification Corporation Limited
RELCAPITAL - Reliance Capital Limited
Technical Analysis for 18th August 2008
BSE-SENSEX - Major Support - 14814, 14705, 14595, 14531, 14467, 14293, 14120, 13946
BSE-SENSEX - Major Resistance - 14878, 14942, 15052, 15161, 15334, 15508, 15681, 15855
NSE-NIFTY - Major Support - 4460, 4425, 4391, 4371, 4352, 4298, 4244, 4190, 4136
NSE-NIFTY - Major Resistance - 4479, 4499, 4533, 4568, 4622, 4676, 4730, 4784
In one of our earliest presentation of Sept 2005 Post 8000 boom or doom we had given the view of 25k-45k-77 by 2018 and we have already hit 21k in the first phase of the 13 year cycle and we continue to maintain the view.
Few months back we had come out with a presentation Kal Aaj aur Kal ??? in which we had discussed 12500-12800 zone is the worst possible and buying be done from 14k-12.5k levels.
Later on the blog we had discussed booking of profits in the pickings at 15100 and 15500-15800.
In continuation with the above presentations /report , have finally completed one of the most detailed technical report/presentation on Sensex in conjunction with Dow Jones , Bear phases of 1992 /2000 etc etc. It taken lot of days of work since last weekend to this weekend!. Although its a technical analysis view but have tried to put it in as simple manner for all to understand.
morning thoughts..
The markets again reacted from the reistance zones and came down with vangeance.
Technically the markets still looks weak and depicts of some more downsides.
Structurally the markets are in a whipsaw mode, which indicates high volatility and fluctuations during the week.
From a trading angle one must be cautious and alert for volatility.
The supports for the nifty is at 4250 levels and resistance at 4525 levels
The supports for the sensex is at 14150 levels and resistance at 14900 levels
Stocks to watch
With the change of mars and mercury intermingling with Jupiter will bring huge volatility during the week.
The sectors which will outperform during the week are sugar, capital goods- but only bel , beml, titan, beverages- mcdowell
It has a hefty reserve of Rs 507 cr on an eq base of just 7 cr…..just calculate the BV!
They have hefty orders of over 2000 cr.
52 week high was Rs 869 and low is Rs.268….
Np increased from 9.2 cr to 14 cr.
Madhucon Proj has interest in
1)High Way projects
2)Water Supply
3)Express Highway and Toll Roads
4)Infrastructure
5)Property Development
6)Sewage Terminal Engineering
7)Irrigation
8)Railway Projects
Expertise in project management,Design and engineering,Project execution and const management….
Moreover the Infra project arm is getting demerge from Madhucon project.
Madhucon Projects Limited
Madhucon Projects Limited (MPL) is a profit making listed Public Limited Company engaged in execution of Infrastructure Projects, such as construction of National Highways, Fly-Overs, Dams, Tunnels, Aquaducts, Bridges, Coal Handling Plants, Workshops Property Development Projects including High Rise structures, Hospitality and retail industry structures etc. & enjoying substantial non-fund based limits in the form of Bank Guarantees with Banks under Multiple Banking arrangements.
Madhucon Sugars Limited
Madhcon acquired a loss-making and sick sugar factory in the co-operative sector at Khammam and turned it to a profit making company. Madhucon Sugars Limited's (MSL) present crushing capacity is 1500 TPD, which is being augmented to 5000 TPD in stages. The sugar factory is adding an Ethanol Distillery also, apart from setting up a 22MW Cogen Plant for producing power, using bagasse as the main fuel.
Simhapuri Energy Limited
Madhucon is setting up a coal based Thermal power plant of 50MW at krishnapatnam in Andhra pradesh in two phases. In the first phase, generating capacity of 135MW in will be commissioned and in December 2009 and 135MW in March 2010. Power purchases Agreement (PPA) and coal linkage have been tied up with power Trading Corporation of India. The fuel coal for our power plant is met from our own mines in Indonesia.
PT Madhucon Indonesia
Madhucon has started open cast coal mining in Indonesia on a 100 acres site initially. We expect to mine about 3 lakh tonnes production by December 2007. The coal has higher calorific value and less ash content compared to domestic coal.
Madhucon Granites Ltd
Madhucon Granites Ltd(MGL) has an experience of over 16 years in the business of quarrying dimensional granite blocks and production of polished slabs catering to the needs of international markets, the world over. It has earned a name for quality, dependability and competitiveness in the international market for its products with a wide variety of colours and shades. MGL established its first 100% EOU in 1988, in the granite rich region of Khammam District in Andhra Pradesh.
The factory at Khammam processes a wide variety of intricately patterned monuments in various shades of Black, Black Galaxy, Vizag Blue, Paradise,etc. crafted by skilled artisans.
MGL has a reputation for excellence in terms of quality of products and timely delivery of shipments, catering to the varied needs of the customers, the world over.
MGL has a very sophisticated Processing Plant spread over 12.5 acres near Hosur on Bangalore - Chennai Highway. The-state-of-the-art facility is an epitome of excellence in design and work flow methods - equipped with Avant-Garde processing know-how from Germany and France.This Plant envisages an annual production of 7,00,000 sq. meters finished slabs of 2-4 Cms thickness and in sizes ranging from 2.60 x 1.20 to 3.40 x 2.10 meters.
Madhucon Granites owns quarries spanning over 2250 acres of land having abundant Granite deposits in the States of Andhra Pradesh, Tamil Nadu, Karnataka, Orissa and Madhya Pradesh in India. The jewel of the crown is the world famous Black Galaxy quarries in Chimakurthy area of Prakasam District of Andhra Pradesh, which alone produces about 1000 CBM of rough blocks every month.
MGL has to its credit an exquisite variety of fine Granite-earthy stones to soft corals and greens. The range displays rare varieties of textural beauty and shades such as - Steel Grey, Absolute Black, Vizag Blue, Ilkal Rose, White Galaxy, Himalayan Blue, Kashmir White, Paradise, Red Multi, Imperial Green, Seaweed Green, Tan Brown, Salem Blue, Madhura Gold, Kashmir Gold, Columbo Jupurana and Lady Dream.
MGL has its presence felt in USA, UK, Japan, Germany, France, Italy, Belgium, Holland, Middle East and Australia. MGL is developing its own distribution network in USA, Middle East, Australia and other countries. MGL has warehouses in Dubai, Australia, Indonesia & USA.
(International footing co going so cheap?)
My comments:
A company having a hefty reserve of Rs 507 cr on and eq base of just 7 cr and with so many subsidiaries and interest in almost all field needs a better valuation and one should buy this at the CMP of 298.
It is a Bonus candidate too…….
Madhucon Proj can give even 5 bonus shares for every 1 share held that much reserve it has got and still one can see no dent in it’s reserve…as it can eat only 35 cr from the reserve.This is just my view and no inside info about Bonus….
The orders are pilling up and will keep on going up.I see no problem in executing them as they have enough reserve to take care of any project to get executed.With 500 cr reserve on a tiny eq base of 7 cr any bank can open a credit for them……
According to the latest annoucement at bse ,Madhucon Project has won EPC contracts of Rs 989 cr for Thermal Power plant at Ksrihnapatnam South , Nellore dist,AP.....These are the things to come in future....
A single contract of Rs 989 cr speaks the capacity of this small co...which is in process of becoming a Goliath.....
Take your own decision……
Bse Sensex(14734.50) and Nifty(4430.70) closed approximately 2.9% and 2.2% down each last week . Inflation was at 12.44 v/s 12.01 and Crude fell to 115 $.. Market will take cue from Crude oil prices and rainfall repots..Support for Sensex is 14400 and for Nifty 4350 Resistance level of for Sensex 15500 and 4650 for Nifty. Selective buying will be visible at every decline.
Nifty put-call ratio is 0.87 .Infosys sheded open interest while Renuka saw addition in open interest.
Strategy for Future & Option players
1)Nifty Future(4438)-Lot Size-50 shares
Buy One Call Of Nifty August Month Strike Price 4400@128.50 Rs
Sell One Call Of Nifty August Month Strike Price 4500@78.50 Rs.
Premium Paid=128.5*50==6425.00 Rs.
Premium Received =78.50*50==3925.00 Rs. .
Net Premium Paid=6425-3925=2500.00 Rs
Maximum Profit=4500-4400=100*50=5000-2500=2500.00 Rs..
Maximum Loss=2500 Rs.
Break even point=4450
2)Petronet Future(62.10)-Lot Size-2200 shares
Buy One Lot ofPetronet August month Future@62.10
Sell Call Option August Month Strike Price 65@1.45 Rs.
Premium Received=1.45*2200=3190.00 Rs.
Maximum Profit=65-62.10=2.90+1.45=4.35*2200=9570.00 Rs.
Maximum Loss=Unlimited.
Trading Idea
1)Sun Pharma(1452.55)Buy this decline and trade.
2)Glenmark(665.45)Buy this stock in decline and trade..
Play on huge power investments: Genus Power Infrastructure Ltd (Genus) is a play on significant investments planned in the power sector. Company manufactures electronic meters, power inverters and undertakes turnkey projects. Genus provides closed loop metering solutions that offer operational advantages to energy utilities enabling reduction in T&D losses and thereby enhancing their revenues. Power sector reform to drive momentum:Implementation of the APDRP scheme, under which the government needs to implement 100% tamper proof metering, is expected to result into higher demand for meters over the next couple of years. Genus has an order book position of Rs 4.17 billion including turnkey projects. Company has participated in tenders more than worth Rs 48.4 billion, of which, it is the ´L-1´bidder in orders worth Rs 4.5 billion.
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