The Indian market opened on positive note and saw breakout from the range and close above 2970levels. For coming session we can witness more upside towards 2970-3050 zone. On the other side 2830-2850 zone will act as support zone .
Nifty's short term decisively turned up on Friday and this upmove has 2962 -61.8% & 3050 - 80% retracement to the previous fall of 3147 to 2662.
As Nifty has cleared all the short term averages, it has the fast falling 100DMA as the next target.
As long as Nifty trades above 2850-2860 levels, this upmove will be safe.
Nifty's stability will depend on the US markets.
Weekly trend is UP & Daily trend is UP.
Nifty :: And finally Nifty given breakout of strong resistance zone 2880/2890..Made an inverted Head and Solder bullish pattern.. Intraday chart enter in overbought zone and that’s why required some consolidation at current level for further up move.. For 10th Feb watch strong resistance 2961/3026.. In one level above 2902 momentum seems up below 2880 momentum down.. Our strategy above yesterday breakout level buy on deep (S.L 2846) sell at high.. Resistance for up move at 2961/2972/3000/3026/3050.. Supports 2892/2880/2846/2828/279
MARKETCALLS’ VIEW ON NIFTY FOR INTRADAY :
Finally Nifty has break 2868 and close above 2900 after very long time. If today nifty sustain above 2868 the you may create long positions for taget of 3000-3103. Now nifty is having strong support at 2868 below this level you may short sell.
Shanghai Composite Index Cmp 2138 is making "Higher Tops & Higher Bottom" formation which indicates strength and likely to move up. The key reversal trend which I discussed here on 6th Dec 2008 in my earlier post " Is Shanghai Index Ready to make a Big Move " few days before has worked out very well and the Shanghai Index has achieved its short term second target. Click here to view my earlier post. 
As Nifty has cleared all the short term averages, it has the fast falling 100DMA as the next target.
As long as Nifty trades above 2850-2860 levels, this upmove will be safe.
Nifty's stability will depend on the US markets.
Weekly trend is UP & Daily trend is UP.
Nifty :: And finally Nifty given breakout of strong resistance zone 2880/2890..Made an inverted Head and Solder bullish pattern.. Intraday chart enter in overbought zone and that’s why required some consolidation at current level for further up move.. For 10th Feb watch strong resistance 2961/3026.. In one level above 2902 momentum seems up below 2880 momentum down.. Our strategy above yesterday breakout level buy on deep (S.L 2846) sell at high.. Resistance for up move at 2961/2972/3000/3026/3050.. Supports 2892/2880/2846/2828/279
NIFTY FUTURE
ABOVE 2928 TARGET 2951-2987-3025
BELOW 2914 TARGET 2891-2874-2847
MARKETCALLS’ VIEW ON NIFTY FOR INTRADAY :
Finally Nifty has break 2868 and close above 2900 after very long time. If today nifty sustain above 2868 the you may create long positions for taget of 3000-3103. Now nifty is having strong support at 2868 below this level you may short sell.
Sell ACC below 532 SL 541 Target 522-515
Sell Grasim below 1374 SL 1420 Target 1332-1297
Buy HINDOILEXP above 55.50 SL 52 Target 57-59-61
Buy LITL above 122 SL 116 Target 126-135
Shanghai Composite Index Cmp 2138 is making "Higher Tops & Higher Bottom" formation which indicates strength and likely to move up. The key reversal trend which I discussed here on 6th Dec 2008 in my earlier post " Is Shanghai Index Ready to make a Big Move " few days before has worked out very well and the Shanghai Index has achieved its short term second target. Click here to view my earlier post. Why should we invest for long term? I don’t know the answer but can suggest a sexy quote (Business line). This article is not meant for those who like one-night stands or extra-marital affairs.
Stock market quote: “A long term investment is like marriage; medium term investing is like an extra-marital affair and intra-day trading is like that risky one-night stand.”
This is a guest post by Shabu Thachat from Kerala. He is sharing his research material on 10 long term stock picks. Serious long term investors can do further research on his stock recommendations and can give suggestions.
10 long term stock picks:
Guest Blogger: Shabu Thachat, Kozhikode, kerala.
I have put together some information on certain 60-70 scrips I collected while searching good stocks to invest. I am submitting the first 10 hope it may help you to make a decision. I am sure that the Small/Mid cap scrips quoted below will do great jobs for us in the coming days. I am planning a 3 to10 year long term investment to scrip specific and expect the readers do close analysis before any bulk investments.
I didn’t stress much on the Technicals. Instead, I recommend a best BUY RANGE after considering certain technical factors. The right time to enter in the market is unpredictable in current situation and the BUY RANGE proposed may help you to take a wise decision. The company URL is also provided for your perusal.
10 stocks for long term investors:
1. Arshiya International:
It is an Indian headquartered multinational company and leading entity in providing knowledge driven solutions to its global customers specifically focused on the areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services.
Arshiya's key business entities include: Cyberlog Technologies (which provides global I.T systems, software development and business process outsourcing services), BDP India and Gulf (which provides shipping and global logistics services to its customers), Genco India focusing exclusively on India's expanding retail market for their entire supply/demand chain management.
BSE Code: 506074
Sector: Logistics
CMP: 72; P/E: 20; Book value: 78.
Buy range: 50-70
1 year high-low: 314/57.
2. Taneja Aerospace and Aviation (TAAL):
It is a Pune based Indian Seamless Group Company headquartered at Bangalore. It is primarily engaged in manufacturing and selling of products and services connected with aviation. The company’s main business divisions include general aviation, aero structures and consultancy. General aviation includes sale of P68C and Cessna aircrafts, charter operations and fractional ownership programs. Aerostructures include manufacture of metal and composite type components for aircraft (parts and assemblies). TAAL`s consultancy division offers professional advice and assistance on areas such as aircraft selection, study and analysis of flying requirements and aircraft operations and maintenance.
The company has upgraded its facilities to accept an Airbus A320 or Boeing 737 class of aircraft for maintenance and repair activities. TAAL is also augmenting its facilities in terms of capabilities, technology, systems and processes to cater to the high demand for Aerostructures products from domestic and global markets while TAAL continues to manufacture Light Transport and Trainer Aircraft, the company has since diversified its activities and has established a significant presence in many segments of the aviation and aeronautical industries in India.
BSE Code: 522229; CMP: 24.25
Sector – Aircrafts
CMP: 24.25; Book value: 34.5; P/E: ?
Buy range: 15-20.
1 year high-low: 190/18.
3. Bartronics India:
It offers automatic identification and data capture (AIDC) technologies, radio-frequency identification (RFID), smart cards and point of sale (POS) solutions. The company offers labelling technology to the AIDC industry with conventional barcode labels and RFID smart labels. Smart cards provide access control. It provides electronic article surveillance (EAS) systems to identify items through a gated area. The POS system finds application in retail outlets like super markets and others.
Products include AIDC master control units, Print X, SY-400A, RFID wireless tags; handheld terminals like 700 series colour mobile computer; printers like Easy Coder 4440; and scanners like Magellan Vertical Scanner. It has a new state-of-the-art smart card manufacturing facility in Hyderabad. The company provides solutions in security (access control systems, retail security systems, etc); education (campus management systems, applicant tracking systems, etc); industrial (vehicle tracking systems, warehouse management, etc); HR solutions (HR management systems and attendance system); healthcare and hospital management; hotel management solutions; finance solutions (asset management and record tracking).
BSE Code: 532694
Sector - Smart Cards/Bar Coding
CMP: 71; P/E: 3.2; Book value: 85
Buy range: 50-70
1 year high-low: 252/55.
4. Compact Disc India Ltd (CDIL):
It was incorporated in 1992 as a public limited company . The Company's is engaged in production, distribution and financing films and television serials including animation. The Companies product range covers all the segments of entertainment which includes big screen, small screen and personal screen. It has gained extensive expertise in creation, distribution and management of contents for media and entertainment sector not only in India but in Malaysia and Singapore. The company has entered into an exclusive animation outsourcing contract with iMedia Ventures Ltd, a part of world's largest media house and a pioneer in digital entertainment. This group has presence in 28 countries with an annual turnover of USD$200 million.
CDIL`s assembly unit was established at Navi Mumbai in collaboration with Hyundai Corp, Korea, to manufacture CD video players. The company also set up a new modern multimedia studio at Gurgaon. It provides solutions to the film industry, education, presentation and training Financials required.
CDIL has been exploring the possibility of setting-up a State-of-the-Art Multimedia Knowledge Park in Northern region. The company will also be setting-up state-of-the-art facility for the development and creation of 2D / 3D animation, multimedia and special effects contents for films, television serials, corporate presentations, gaming, mobiles, etc. The studio will feature latest animation production equipments such as workstations from renowned manufacturers. It is also proposed to set up a state-of-the-art high-end Multimedia College to provide 3 years Bachelors Degree courses in media arts and animation as well as visual and game programming. The college will also offer 2 years Masters Degree courses in the same fields.
BSE Code: 526141
Sector: Animation
CMP: 36.85; P/E: 1; Book value: 40
Buy range: 25-35.
1 year high-low: 104/25.
5. Electrotherm India:
Ahmedabad based company which manufactures and distributes melting/holding furnaces. It caters to Ferrous and Non-Ferrous foundries and metal melting industry by manufacturing Medium Frequency Induction Melting Furnaces, Metal Refining converter, Induction Ladle Refining Furnace, Induction Heating/Hardening Equipments, Submerged Arc Furnace and allied products. ELECTHERB has ISO9001:2000 certified plant. The company has 3 divisions, Metallurgical Equipment Division, Steel Division and Auto Division (Indus Elec-Trans, manufacturing electric two wheelers).
Electrotherm (India) signed a memorandum of understanding (MoU) with Canadian firm, Electrovaya. This MoU is for the purpose of forming a joint venture (JV) for manufacturing lithium ion polymer batteries. This joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad. Electrotherm India launched the high-speed version of e-bikes, 'YO-Speed' in Ahmedabad. The "no petrol scooter" with 33AH battery and a 750 watts motor has the power to seat two.
Indus Elec-trans, a division of Electrotherm (ET), is formed to manufacture electric vehicles and hybrid electric vehicles. Currently INDUS has commenced manufacture of hi-tech electric two wheelers, YObykes at the plant at Kutch in Gujarat. Development of Electric three wheelers, four wheelers and hybrid electric low floor buses are on anvil for future.
BSE Code: 526608
Sector: Electric Vehicles
CMP: 92; P/E: 2; Book value: 322
Buy range: 60-80.
1 year high-low: 501/76
6. Moser Baer India:
Moser Baer is the world's second largest manufacturer of Optical Storage media like CDs and DVDs. The company also emerged to the market with the next-generation of storage formats like Blue-ray Discs and HD DVD. Recently, the company is diversifying into areas of Solar Energy, Home Entertainment and IT Peripherals & Consumer Electronics.
MBPV (Moser Baer Photo Voltaic) aims to distinguish itself as a significant player in the global photovoltaic market by leveraging its high-volume manufacturing expertise and planned investments of nearly US$ 3.2 billion in research, development and manufacturing of products dedicated to generating solar power. A first of its kind 80 MW, state-of-the-art, fully automated in-line crystalline silicon cell manufacturing facility - 40 MW is already in production - this will be scaled up to 240 MW. A 40 MW module manufacturing facility with expansion plans to scale it up to 200 MW.
A high concentrator photovoltaic (CPV) module manufacturing facility and multi-million dollar investments in a US-based company - Solfocus, the developer of the CPV technology in partnership with the world renowned Palo Alto Research Center (PARC), California. The technology is based on gallium arsenide cells, originally developed for harsh extra-terrestrial solar applications and environments.
France Telecom-owned Orange Business Services has finalized a joint venture partnership with Indian storage devices manufacturer Moser Baer to foray into the long distance telephony segment. It Acquired a 40% equity stake in Solarvaiue, Proizvodnja d.d, a solar grade silicon production facility in Slovenia, to provide access and assurance of supply to low-cost solar grade silicon.
BSE Code: 517140
Sector: Optical Storage Media/Photovoltaic
CMP: 61.85; P/E: ?; Book value: 117
Buy range: 50-70
1 year high-low: 209/50
7. Sharon Bio-Medicine:
Mumbai-based Sharon Bio-Medicine manufactures chemical intermediates, bulk actives and pharmaceutical formulations. The Company also provides services in the field of contract research and manufacturing, technology transfers and project consultancy services The manufacturing plant of the company is located at Taloja, Raigad, Maharashtra. The company has three active pharmaceutical intermediates manufacturing units and two formulation units. Some of the products include Trimetazidine Di Hydrochloride Ketoconzole and Pantaprazole.
In 2007, the Group acquired Stonewood Cem-Fab Pvt. Ltd. Sharon Bio Medicine inked two confidential agreements, one with UK-based company and another with German company in respect of research and development, supply, manufacturing and/or distribution of active pharmaceutical ingredients and / or pharmaceutical products in future. The company is planning to set up manufacturing units in Uttaranchal and Maharashtra.
BSE code: 532908
Sector: Chemical Intermediaries for Pharmaceuticals
CMP: 26; P/E: 1.2; Book value: 76
Buy range: 30-40
1 year high-low: 242/26
8. Tube Investments of India:
It is the flagship Company of Rs. 8500 crore Murugappa Group. Company started its new electric scooter plant costs around Rs.200 million. The initial capacity of the new plant will be 100 scooters a day. The battery-powered two-wheelers would be launched under the company's popular bicycle brand, BSA. The company will appoint around 70 dealers in the Tier I and II cities in the southern region. Initially the company will launch three low speed models, which will be priced around Rs.25,000 and two high-speed models at a market price of around Rs.36,000. The company is now importing batteries and motors from China and Taiwan. But the firm had initiated talks with domestic battery makers for developing the products locally. (The battery sector also has a good future).
The Company’s product segments are - Engineering, Metal Formed Products and Cycles, Precision tubes , Roll formed car doorframes,(57% market share as well as Tata Nano order ), Automotive chain with 35 percent market share with two wheeler majors. TI is a leading player in bicycle segment with 30 percent market share.
BSE Code: 504973
Sector: Electric Vehicles
CMP: 29; P/E: 6.3; Book value: 39
Buy range: 20-30
1 year High-low: 70-21
9. Value Industries:
Value industries (Formerly Videocon Appliances) is a consumer electronics and home appliances company. It is part of the USD 2.5 billion Videocon group operating in the key areas of consumer electronics, home appliances and compressor manufacturing in India, display industry and its components, color picture tube glass, internet, petroleum and power.
The product range includes tower, window, and split ACs; frost-free and direct cool refrigerators; automatic and semi-automatic washing machines, and the X-Lent range of products. The manufacturing plant is located in Aurangabad, Maharashtra. Formerly known as Matsushita Washing Machine India, Ranjangaon Industries has been amalgamated with the company.
With the Thomson acquisition Videocon has emerged as one of the largest Colour Picture tube manufacturers in the world operating in Mexico, Italy, Poland and China, continuing to lead through new innovative technologies like slim CPT, extra slim CPT and High Definition 16:9 format CPT.
Videocon is one of the largest CPT Glass manufacturers in the world with a high level of experience and technical expertise operating through Poland and India. Videocon will leverage on this synergy after the Thomson acquisition to internally source glass for its CPT manufacturing increasing efficiencies and lowering costs.
An important asset for the group is its Ravva oil field with one of the lowest operating costs in the world producing 50,000 barrels of oil per day. The group has ambitious plans for expansion in this sector globally.
BSE Code: 500945
Sector: Home Appliances
CMP: 9.2; P/E: 8; Book value: 115
Buy range: 5-10
1 year high-low: 37-7.8
10. Zicom Electronic Security Systems:
Company offers Electronic surveillance systems for small, medium and large establishments and government projects. Zicom is a largest electronic security systems provider in the country, with offices in over 30 cities and towns. Zicom has bright future in the wake of current social scenario. Organizations rethinking on security measures after 26/11. It offers customized security solutions against burglary, fire and unauthorized access. It also offers surveillance solutions such as CCTV, remote video and electronic articles. Integrated management solutions for buildings, car parks and smart cards are other services offered.
The company recently opened its own exclusive outlet in Mumbai and plans to open similar outlets elsewhere. Customers come from public, business and domestic sectors. Its share of the current securities market in India is estimated at 25%. The company received support from venture capital company TDICI and from UTI, IDBI and ICICI. The company plans to open 15 more stores in and around Thane and 100 across the country by the year end. Apart from this, over 600 outlets will be opened across the country in the next 3 years.
BSE Code: 531404
Sector: Electronic Security Systems
CMP: 71; P/E: 10.6; Book value: 77
Buy range: 50-80
1 year high-low: 182-40
Technicals Courtesy:- equityintelligence.com
Guest author: Shabu Thachat (sthachat@gmail.com)
Place: Kozhikode, Calicut, Kerala.
Krishna Notes on Multibaggers:
Note: It is always risky to invest in small and mid caps in bear market where even good large caps suffer huge losses irrespective of fundamentals. But these stocks are in good sectors and may give surprise returns over long term. Short and medium term investors who need money in the next 1-2 years should not invest in these companies. Shabu shared his research information on his stocks and shared the information with readers. Do your own research before investing in them.
Ex. Moser Baer India: Company is making huge investments in a “Sun rise” sector and is gradually showing improvement in sales and losses are decreasing. Moser Baer in 2009 reminds me of Bharti Airtel in 2002. Improvement in sales and niche sector are positive aspects while huge debt is a minus point. Returns are directly proportional to risk. Will Moser Baer become another Multibagger by 2011?
Stock Market rumors:
1. Real Estate Companies will announce more losses in the next quarter.
2. India credit rating may be downgraded by agencies.
3. Ramalinga Raju has 15,000 acres of land. He might have pledged this land also.
4. Banking sector is hiding facts about NPAs and may announce negative surprise in the next financial year.
5. Satyam Computers may lay off support staff to save margins.
Growth rate of Indian Companies:
1. India: 30% India’s sub-sectors (total 96) were contracted in Q3. These companies and associations make up about 65% of total industry output in India. 11 out of 23 export sectors registered negative growth.
2. High growth sectors: Electric vehicles (45% growth), Asbestos Cement (32% growth) while power pumps and transformers registered 30% growth rate in the last quarter.
Statement of the day: “Global economic crisis to hit China more than India” – ADB.
Interesting disclosure by GAIL India: “President of India, as a promoter who is holding 72,74,05,675 equity shares in the Company (GAIL), representing 57.35%, has not pledged any shares.”
Do you know: Unemployment rate in Spain is now at 14%. Highest among the major economies.
Stock market quote: “A long term investment is like marriage; medium term investing is like an extra-marital affair and intra-day trading is like that risky one-night stand.”
This is a guest post by Shabu Thachat from Kerala. He is sharing his research material on 10 long term stock picks. Serious long term investors can do further research on his stock recommendations and can give suggestions.
10 long term stock picks:
Guest Blogger: Shabu Thachat, Kozhikode, kerala.
I have put together some information on certain 60-70 scrips I collected while searching good stocks to invest. I am submitting the first 10 hope it may help you to make a decision. I am sure that the Small/Mid cap scrips quoted below will do great jobs for us in the coming days. I am planning a 3 to10 year long term investment to scrip specific and expect the readers do close analysis before any bulk investments.
I didn’t stress much on the Technicals. Instead, I recommend a best BUY RANGE after considering certain technical factors. The right time to enter in the market is unpredictable in current situation and the BUY RANGE proposed may help you to take a wise decision. The company URL is also provided for your perusal.
10 stocks for long term investors:
1. Arshiya International:
It is an Indian headquartered multinational company and leading entity in providing knowledge driven solutions to its global customers specifically focused on the areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services.
Arshiya's key business entities include: Cyberlog Technologies (which provides global I.T systems, software development and business process outsourcing services), BDP India and Gulf (which provides shipping and global logistics services to its customers), Genco India focusing exclusively on India's expanding retail market for their entire supply/demand chain management.
BSE Code: 506074
Sector: Logistics
CMP: 72; P/E: 20; Book value: 78.
Buy range: 50-70
1 year high-low: 314/57.
2. Taneja Aerospace and Aviation (TAAL):
It is a Pune based Indian Seamless Group Company headquartered at Bangalore. It is primarily engaged in manufacturing and selling of products and services connected with aviation. The company’s main business divisions include general aviation, aero structures and consultancy. General aviation includes sale of P68C and Cessna aircrafts, charter operations and fractional ownership programs. Aerostructures include manufacture of metal and composite type components for aircraft (parts and assemblies). TAAL`s consultancy division offers professional advice and assistance on areas such as aircraft selection, study and analysis of flying requirements and aircraft operations and maintenance.
The company has upgraded its facilities to accept an Airbus A320 or Boeing 737 class of aircraft for maintenance and repair activities. TAAL is also augmenting its facilities in terms of capabilities, technology, systems and processes to cater to the high demand for Aerostructures products from domestic and global markets while TAAL continues to manufacture Light Transport and Trainer Aircraft, the company has since diversified its activities and has established a significant presence in many segments of the aviation and aeronautical industries in India.
BSE Code: 522229; CMP: 24.25
Sector – Aircrafts
CMP: 24.25; Book value: 34.5; P/E: ?
Buy range: 15-20.
1 year high-low: 190/18.
3. Bartronics India:
It offers automatic identification and data capture (AIDC) technologies, radio-frequency identification (RFID), smart cards and point of sale (POS) solutions. The company offers labelling technology to the AIDC industry with conventional barcode labels and RFID smart labels. Smart cards provide access control. It provides electronic article surveillance (EAS) systems to identify items through a gated area. The POS system finds application in retail outlets like super markets and others.
Products include AIDC master control units, Print X, SY-400A, RFID wireless tags; handheld terminals like 700 series colour mobile computer; printers like Easy Coder 4440; and scanners like Magellan Vertical Scanner. It has a new state-of-the-art smart card manufacturing facility in Hyderabad. The company provides solutions in security (access control systems, retail security systems, etc); education (campus management systems, applicant tracking systems, etc); industrial (vehicle tracking systems, warehouse management, etc); HR solutions (HR management systems and attendance system); healthcare and hospital management; hotel management solutions; finance solutions (asset management and record tracking).
BSE Code: 532694
Sector - Smart Cards/Bar Coding
CMP: 71; P/E: 3.2; Book value: 85
Buy range: 50-70
1 year high-low: 252/55.
4. Compact Disc India Ltd (CDIL):
It was incorporated in 1992 as a public limited company . The Company's is engaged in production, distribution and financing films and television serials including animation. The Companies product range covers all the segments of entertainment which includes big screen, small screen and personal screen. It has gained extensive expertise in creation, distribution and management of contents for media and entertainment sector not only in India but in Malaysia and Singapore. The company has entered into an exclusive animation outsourcing contract with iMedia Ventures Ltd, a part of world's largest media house and a pioneer in digital entertainment. This group has presence in 28 countries with an annual turnover of USD$200 million.
CDIL`s assembly unit was established at Navi Mumbai in collaboration with Hyundai Corp, Korea, to manufacture CD video players. The company also set up a new modern multimedia studio at Gurgaon. It provides solutions to the film industry, education, presentation and training Financials required.
CDIL has been exploring the possibility of setting-up a State-of-the-Art Multimedia Knowledge Park in Northern region. The company will also be setting-up state-of-the-art facility for the development and creation of 2D / 3D animation, multimedia and special effects contents for films, television serials, corporate presentations, gaming, mobiles, etc. The studio will feature latest animation production equipments such as workstations from renowned manufacturers. It is also proposed to set up a state-of-the-art high-end Multimedia College to provide 3 years Bachelors Degree courses in media arts and animation as well as visual and game programming. The college will also offer 2 years Masters Degree courses in the same fields.
BSE Code: 526141
Sector: Animation
CMP: 36.85; P/E: 1; Book value: 40
Buy range: 25-35.
1 year high-low: 104/25.
5. Electrotherm India:
Ahmedabad based company which manufactures and distributes melting/holding furnaces. It caters to Ferrous and Non-Ferrous foundries and metal melting industry by manufacturing Medium Frequency Induction Melting Furnaces, Metal Refining converter, Induction Ladle Refining Furnace, Induction Heating/Hardening Equipments, Submerged Arc Furnace and allied products. ELECTHERB has ISO9001:2000 certified plant. The company has 3 divisions, Metallurgical Equipment Division, Steel Division and Auto Division (Indus Elec-Trans, manufacturing electric two wheelers).
Electrotherm (India) signed a memorandum of understanding (MoU) with Canadian firm, Electrovaya. This MoU is for the purpose of forming a joint venture (JV) for manufacturing lithium ion polymer batteries. This joint venture will set up an advanced lithium super polymer battery plant with a capacity of up to 10 mw hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and abroad. Electrotherm India launched the high-speed version of e-bikes, 'YO-Speed' in Ahmedabad. The "no petrol scooter" with 33AH battery and a 750 watts motor has the power to seat two.
Indus Elec-trans, a division of Electrotherm (ET), is formed to manufacture electric vehicles and hybrid electric vehicles. Currently INDUS has commenced manufacture of hi-tech electric two wheelers, YObykes at the plant at Kutch in Gujarat. Development of Electric three wheelers, four wheelers and hybrid electric low floor buses are on anvil for future.
BSE Code: 526608
Sector: Electric Vehicles
CMP: 92; P/E: 2; Book value: 322
Buy range: 60-80.
1 year high-low: 501/76
6. Moser Baer India:
Moser Baer is the world's second largest manufacturer of Optical Storage media like CDs and DVDs. The company also emerged to the market with the next-generation of storage formats like Blue-ray Discs and HD DVD. Recently, the company is diversifying into areas of Solar Energy, Home Entertainment and IT Peripherals & Consumer Electronics.
MBPV (Moser Baer Photo Voltaic) aims to distinguish itself as a significant player in the global photovoltaic market by leveraging its high-volume manufacturing expertise and planned investments of nearly US$ 3.2 billion in research, development and manufacturing of products dedicated to generating solar power. A first of its kind 80 MW, state-of-the-art, fully automated in-line crystalline silicon cell manufacturing facility - 40 MW is already in production - this will be scaled up to 240 MW. A 40 MW module manufacturing facility with expansion plans to scale it up to 200 MW.
A high concentrator photovoltaic (CPV) module manufacturing facility and multi-million dollar investments in a US-based company - Solfocus, the developer of the CPV technology in partnership with the world renowned Palo Alto Research Center (PARC), California. The technology is based on gallium arsenide cells, originally developed for harsh extra-terrestrial solar applications and environments.
France Telecom-owned Orange Business Services has finalized a joint venture partnership with Indian storage devices manufacturer Moser Baer to foray into the long distance telephony segment. It Acquired a 40% equity stake in Solarvaiue, Proizvodnja d.d, a solar grade silicon production facility in Slovenia, to provide access and assurance of supply to low-cost solar grade silicon.
BSE Code: 517140
Sector: Optical Storage Media/Photovoltaic
CMP: 61.85; P/E: ?; Book value: 117
Buy range: 50-70
1 year high-low: 209/50
7. Sharon Bio-Medicine:
Mumbai-based Sharon Bio-Medicine manufactures chemical intermediates, bulk actives and pharmaceutical formulations. The Company also provides services in the field of contract research and manufacturing, technology transfers and project consultancy services The manufacturing plant of the company is located at Taloja, Raigad, Maharashtra. The company has three active pharmaceutical intermediates manufacturing units and two formulation units. Some of the products include Trimetazidine Di Hydrochloride Ketoconzole and Pantaprazole.
In 2007, the Group acquired Stonewood Cem-Fab Pvt. Ltd. Sharon Bio Medicine inked two confidential agreements, one with UK-based company and another with German company in respect of research and development, supply, manufacturing and/or distribution of active pharmaceutical ingredients and / or pharmaceutical products in future. The company is planning to set up manufacturing units in Uttaranchal and Maharashtra.
BSE code: 532908
Sector: Chemical Intermediaries for Pharmaceuticals
CMP: 26; P/E: 1.2; Book value: 76
Buy range: 30-40
1 year high-low: 242/26
8. Tube Investments of India:
It is the flagship Company of Rs. 8500 crore Murugappa Group. Company started its new electric scooter plant costs around Rs.200 million. The initial capacity of the new plant will be 100 scooters a day. The battery-powered two-wheelers would be launched under the company's popular bicycle brand, BSA. The company will appoint around 70 dealers in the Tier I and II cities in the southern region. Initially the company will launch three low speed models, which will be priced around Rs.25,000 and two high-speed models at a market price of around Rs.36,000. The company is now importing batteries and motors from China and Taiwan. But the firm had initiated talks with domestic battery makers for developing the products locally. (The battery sector also has a good future).
The Company’s product segments are - Engineering, Metal Formed Products and Cycles, Precision tubes , Roll formed car doorframes,(57% market share as well as Tata Nano order ), Automotive chain with 35 percent market share with two wheeler majors. TI is a leading player in bicycle segment with 30 percent market share.
BSE Code: 504973
Sector: Electric Vehicles
CMP: 29; P/E: 6.3; Book value: 39
Buy range: 20-30
1 year High-low: 70-21
9. Value Industries:
Value industries (Formerly Videocon Appliances) is a consumer electronics and home appliances company. It is part of the USD 2.5 billion Videocon group operating in the key areas of consumer electronics, home appliances and compressor manufacturing in India, display industry and its components, color picture tube glass, internet, petroleum and power.
The product range includes tower, window, and split ACs; frost-free and direct cool refrigerators; automatic and semi-automatic washing machines, and the X-Lent range of products. The manufacturing plant is located in Aurangabad, Maharashtra. Formerly known as Matsushita Washing Machine India, Ranjangaon Industries has been amalgamated with the company.
With the Thomson acquisition Videocon has emerged as one of the largest Colour Picture tube manufacturers in the world operating in Mexico, Italy, Poland and China, continuing to lead through new innovative technologies like slim CPT, extra slim CPT and High Definition 16:9 format CPT.
Videocon is one of the largest CPT Glass manufacturers in the world with a high level of experience and technical expertise operating through Poland and India. Videocon will leverage on this synergy after the Thomson acquisition to internally source glass for its CPT manufacturing increasing efficiencies and lowering costs.
An important asset for the group is its Ravva oil field with one of the lowest operating costs in the world producing 50,000 barrels of oil per day. The group has ambitious plans for expansion in this sector globally.
BSE Code: 500945
Sector: Home Appliances
CMP: 9.2; P/E: 8; Book value: 115
Buy range: 5-10
1 year high-low: 37-7.8
10. Zicom Electronic Security Systems:
Company offers Electronic surveillance systems for small, medium and large establishments and government projects. Zicom is a largest electronic security systems provider in the country, with offices in over 30 cities and towns. Zicom has bright future in the wake of current social scenario. Organizations rethinking on security measures after 26/11. It offers customized security solutions against burglary, fire and unauthorized access. It also offers surveillance solutions such as CCTV, remote video and electronic articles. Integrated management solutions for buildings, car parks and smart cards are other services offered.
The company recently opened its own exclusive outlet in Mumbai and plans to open similar outlets elsewhere. Customers come from public, business and domestic sectors. Its share of the current securities market in India is estimated at 25%. The company received support from venture capital company TDICI and from UTI, IDBI and ICICI. The company plans to open 15 more stores in and around Thane and 100 across the country by the year end. Apart from this, over 600 outlets will be opened across the country in the next 3 years.
BSE Code: 531404
Sector: Electronic Security Systems
CMP: 71; P/E: 10.6; Book value: 77
Buy range: 50-80
1 year high-low: 182-40
Technicals Courtesy:- equityintelligence.com
Guest author: Shabu Thachat (sthachat@gmail.com)
Place: Kozhikode, Calicut, Kerala.
Krishna Notes on Multibaggers:
Note: It is always risky to invest in small and mid caps in bear market where even good large caps suffer huge losses irrespective of fundamentals. But these stocks are in good sectors and may give surprise returns over long term. Short and medium term investors who need money in the next 1-2 years should not invest in these companies. Shabu shared his research information on his stocks and shared the information with readers. Do your own research before investing in them.
Ex. Moser Baer India: Company is making huge investments in a “Sun rise” sector and is gradually showing improvement in sales and losses are decreasing. Moser Baer in 2009 reminds me of Bharti Airtel in 2002. Improvement in sales and niche sector are positive aspects while huge debt is a minus point. Returns are directly proportional to risk. Will Moser Baer become another Multibagger by 2011?
Stock Market rumors:
1. Real Estate Companies will announce more losses in the next quarter.
2. India credit rating may be downgraded by agencies.
3. Ramalinga Raju has 15,000 acres of land. He might have pledged this land also.
4. Banking sector is hiding facts about NPAs and may announce negative surprise in the next financial year.
5. Satyam Computers may lay off support staff to save margins.
Growth rate of Indian Companies:
1. India: 30% India’s sub-sectors (total 96) were contracted in Q3. These companies and associations make up about 65% of total industry output in India. 11 out of 23 export sectors registered negative growth.
2. High growth sectors: Electric vehicles (45% growth), Asbestos Cement (32% growth) while power pumps and transformers registered 30% growth rate in the last quarter.
Statement of the day: “Global economic crisis to hit China more than India” – ADB.
Interesting disclosure by GAIL India: “President of India, as a promoter who is holding 72,74,05,675 equity shares in the Company (GAIL), representing 57.35%, has not pledged any shares.”
Do you know: Unemployment rate in Spain is now at 14%. Highest among the major economies.
INDEX GAME-
BUY NF ABOVE 2940 SL 2880 TARGET 2990/3042
SELL NF BELOW 2880 SL 2940 TARGET 2840/2777
BUY BANK NF ABOVE 4450 SL 4400 TARGET 4500/4550
SELL BANK NF BELOW 4400 SL 4450 TARGET 4350/4300
STOCKS GAME-
BUY AXISBANK ABOVE 420 SL 410 TARGET 430/440
BUY BANKINDIA ABOVE 250 SL 245 TARGET 255/260
BUY BIOCON ABOVE 103 SL 100 TARGET 106/109
BUY BOMDYEING ABOVE 155 SL 150 TARGET 160/165
BUY DIVISLAB ABOVE 870 SL 840 TARGET 900/930
BUY EDUCOMP ABOVE 1600 SL 1550 TARGT 1650/1700
BUY ESCORTS ABOVE 38 SL 36 TARGET 40/42
BUY FINANTECH ABOVE 510 SL 490 TARGET 530/550
BUY GSPL ABOVE 32 SL 31 TARGET 33/34
BUY GUJNRECOKE ABOVE 24 SL 22 TARGET 26/28
BUY GVKPIL ABOVE 21 SL 20 TARGET 22/23
BUY HCC ABOVE 43 SL 41 TARGET 45/47
BUY HDFC ABOVE 1520 SL 1490 TARGET 1550/1580
BUY HDFCBANK ABOVE 920 SL 905 TARGET 935/950
BUY HDIL ABOVE 80 SL 78 TARGET 82/84
BUY HINDALCO ABOVE 45 SL 44 TARGET 46/47
BUY ICICIBANK ABOVE 430 SL 420 TARGET 440/450
BUY INDIAINFO ABOVE 47 SL 45 TARGRT 49/51
BUY INDUSINDBK ABOVE 34 SL 32 TARGET 36/38
BUY SUNPHARMA ABOVE 1100 SL 1080 TARGET 1120/1140
BUY VOLTAS ABOVE 44 SL 42 TARGET 46/48
SELL ACC BELOW 540 SL 550 TARGET 530/520
SELL HCLTECH BELOW 119 SL 121 TARGET 117/115
SELL MARUTI BELOW 590 SL 600 TARGET 580/570
SELL OFSS BELOW 615 SL 625 TARGET 605/595
SELL POLARIS BELOW 48 SL 50 TARGET 46/44
SELL ROLTA BELOW 87 SL 92 TARGET 83/78
SELL SESAGOA BELOW 97 SL 101 TARGET 93/89
SELL SUNTV BELOW 165 SL 169 TARGET 161/157
ONGC : Few weeks back had posted a chart whether ONGC will break 615-625 or not and now the question is whether it will be able to break 740 levels or not.
Reliance Inds :
Chamble Fert :
BUY NF ABOVE 2940 SL 2880 TARGET 2990/3042
SELL NF BELOW 2880 SL 2940 TARGET 2840/2777
BUY BANK NF ABOVE 4450 SL 4400 TARGET 4500/4550
SELL BANK NF BELOW 4400 SL 4450 TARGET 4350/4300
STOCKS GAME-
BUY AXISBANK ABOVE 420 SL 410 TARGET 430/440
BUY BANKINDIA ABOVE 250 SL 245 TARGET 255/260
BUY BIOCON ABOVE 103 SL 100 TARGET 106/109
BUY BOMDYEING ABOVE 155 SL 150 TARGET 160/165
BUY DIVISLAB ABOVE 870 SL 840 TARGET 900/930
BUY EDUCOMP ABOVE 1600 SL 1550 TARGT 1650/1700
BUY ESCORTS ABOVE 38 SL 36 TARGET 40/42
BUY FINANTECH ABOVE 510 SL 490 TARGET 530/550
BUY GSPL ABOVE 32 SL 31 TARGET 33/34
BUY GUJNRECOKE ABOVE 24 SL 22 TARGET 26/28
BUY GVKPIL ABOVE 21 SL 20 TARGET 22/23
BUY HCC ABOVE 43 SL 41 TARGET 45/47
BUY HDFC ABOVE 1520 SL 1490 TARGET 1550/1580
BUY HDFCBANK ABOVE 920 SL 905 TARGET 935/950
BUY HDIL ABOVE 80 SL 78 TARGET 82/84
BUY HINDALCO ABOVE 45 SL 44 TARGET 46/47
BUY ICICIBANK ABOVE 430 SL 420 TARGET 440/450
BUY INDIAINFO ABOVE 47 SL 45 TARGRT 49/51
BUY INDUSINDBK ABOVE 34 SL 32 TARGET 36/38
BUY SUNPHARMA ABOVE 1100 SL 1080 TARGET 1120/1140
BUY VOLTAS ABOVE 44 SL 42 TARGET 46/48
SELL ACC BELOW 540 SL 550 TARGET 530/520
SELL HCLTECH BELOW 119 SL 121 TARGET 117/115
SELL MARUTI BELOW 590 SL 600 TARGET 580/570
SELL OFSS BELOW 615 SL 625 TARGET 605/595
SELL POLARIS BELOW 48 SL 50 TARGET 46/44
SELL ROLTA BELOW 87 SL 92 TARGET 83/78
SELL SESAGOA BELOW 97 SL 101 TARGET 93/89
SELL SUNTV BELOW 165 SL 169 TARGET 161/157
ONGC : Few weeks back had posted a chart whether ONGC will break 615-625 or not and now the question is whether it will be able to break 740 levels or not. So the range has been in place for quite some time lets c whether there are enough volumes or price action to break it. Short around 740 with a stop of 750 if markets take a breather.
Reliance Inds :As discussed yesterday 1240-1270 was a support zone in short term which did not break and now its close to sustaining above the 1350-1380. Such a move could target 1500 level but volumes dont indicate a move to the possible technical target of 1650.
Chamble Fert :The stock seems to be set for a possible breakout after a decent sideways consolidation. It can touch 43 first and sustaining beyond that could lead to 50 or more also. Volume built up needed to confirm a stronger move. Can be bought with a stop of 38.
RPL and Petronet LNG look good on charts for a quick move to 93 and 41-42 in short term provided they stay above 88 and 38.
Quick trade would be buy Lanco Infra above 120 tgt 132 stop of 114.
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