BUY RANBAXY LABS ABOVE 204 WITH STRICT STOPLOSS OF 200 FOR THE TARGET OF 235.
BUY IB REAL ESTATE ABOVE 162 WITH STRICT STOPLOSS OF 155 FOR THE TARGET OF 242.
BUY CROMPTON ABOVE 182 WITH STRICT STOPLOSS OF 177 FOR THE TARGET OF 200-215.
BUY CAIRNS ABOVE 208 WITH STRICT STOPLOSS OF 202 FOR THE TARGET OF 230-254.
BUY BARAMPUR CHINI ABOVE 82.5 WITH STRICT STOPLOSS OF 78 FOR THE TARGET OF 96.
BUY JET AIRWAYS ABOVE 232 WITH STRICT STOPLOSS OF 220 FOR THE TARGET OF 300-330.
J K Lakshmi Cement (CMP Rs 78):-
The name J.K. Organisation, which today is one of the leading Private Sector Groups in India, was founded over 100 years ago. For J.K. Organisation it's been a century of multi-business, multi-product and multi-location business operation. The companies in the Group have a diverse portfolio, including Automotive Tyres & Tubes, Paper & Pulp, Cement, V-Belts, Oil Seals, Power Transmission Systems, Hybrid Seeds, Woollen Textiles, Readymade Apparels, Sugar, Food & Dairy Products, Cosmetics, etc. JK Organisation has more companies to its name like JK Paper, JK Tyre, JK Seeds, JK Sugar, CliniRx Research, JK Insurance Brokers and many more. Other member companies include Raymond Ltd, JK Cement, JK Files & Tools etc (http://www.jkorg.in/index.php)
About JK Lakshmi Cement: - (http://www.jklakshmicement.com/)
Book Value Rs 103.74 EPS Rs 36.56 P/E Ratio 2.06 Debt/Equity Ratio 1.09
Promoted by the HS Singhania Group, J K Lakshmi Cement has an installed capacity of 4.75mn MT with plants located in Sirohi (Rajasthan). Its key markets comprise Rajasthan and Gujarat. The company has recently expanded its cement capacity to 4.8mn MT from 3.7mn tonnes in FY08. It also has captive power plants of 36MW and 9 ready mix concrete plants with a capacity of 0.56mn cubic metres.
FY09 Performance: - During the fiscal year 2008-09, the company’s gross turnover increased by 9% to Rs. 1404 crore against the turnover of Rs. 1286 crore in the previous financial year. The production during the year has gone up by 11% thereby achieving a capacity utilization of 104%. The net profit at Rs. 178.59 crore was lower against Rs. 223.67 crore posted in the previous financial year due to high input costs during the first three quarters FY 2008-09.
Q4FY09 was very good for JK Lakshmi as it reported a net profit of Rs. 104.08 crores which is 54% increase over the Rs. 67.63 crores net profit posted during Q4FY08. The sales and production during the quarter has registered an impressive growth of 18%.
“When compared on a sequential basis, during the fourth quarter we have been able to effectively reverse the slide in profitability witnessed in the first three quarters. Increased volume, all-round improvement in the efficiencies and reduction in the input costs have helped us to improve the profitability. We have also been able to complete our expansion projects in time and in this quarter by addition of 11 lac MT our capacity has grown by 30%” said Ms Vinita Singhania, Managing Director, JK Lakshmi Cement.
FIIs raising stake: - As at 31 March, 2009 Promoters hold 45.7% stake (45.6% in Dec-08) and FIIs hold 7.4% stake (5.9% in Dec-08).
Valuation: - The stock looks quite cheap at current valuations as it trades at a P/E multiple of just around 2, with dividend yield of more than 5% and Book Value of Rs 103.74. (The company announced Rs 4 divided per share for FY2008-09)
Expansion Plans:-
The company has taken up the work of Waste Heat Recovery system which would generate 12 MW power and which would bring further savings in the power cost after its commissioning in the year 2011. The project entails an investment of Rs. 125 crore. Commenting on the progress of the greenfield site at Durg in Chattisgarh, she said “Satisfactory progress has been made in the area of land acquisition and we expect our Greenfield plant at Durg to be completed by 2011-12.”
Technical Analysis:-
JK Lakshmi has formed a rounding bottom over the last 8 months and now after impressive results, it has given a breakout with highest volumes in many months. Buy the stock around CMP of Rs 78 for short-term target of Rs 95. Risk-averse investors can keep stops below Rs 69; long-term investors can accumulate the stock and hold for handsome returns.
It is the 10th week of uptrend and it can stretch to 13 weeks too, a fibonacci number.
HH & HLs are contnuing for the bulls favour.
Some negative divergences are going for bears favour.
Eventually, it is the bulls with market on its side.Certain stocks are hitting 10 to 20 % even during this corrective phase...catching up with its peers..!!(Aban, Zee, Patni).
3790 - 4050 was a huge support base for nearly 14 weeks before market broke through that in Oct.08. Our topping could also happen in that area.
- Closing VIX for 15 May 2009 was 49.64 i.e., -3.14%. 5 dma was 51.04.
- PCR was 1.10. 5 dma was 0.99.
- OI in Nifty Futures May Series was 3,65,86,750 change from yesterday -4,43,550 i.e., -1.20%.
- OI in Nifty Futures June Series was 22,69,000 change from yesterday +2,95,600 i.e., +14.98%.
- OI in Nifty Futures July Series was 63,050 change from yesterday +550, i.e., +0.88%.
- FII were net buyers in Cash Segment for 983.86 cr and DII were net buyers for 432.47 cr.
- OI in 3700 CE was 32,58,350 up by 2,80,850 or 9.43%.
- OI in 3600 PE was 52,45,700 up by 10,80,400 or 25.94%.
- OI in 3800 CE was 45,09,400 up by 408850 or 9.97%.
- OI in 3500 PE was 47,85,700 up by 7,51,950 or 18.64%
R-3652/3706/3740.
S-3618/3564/3530.
Nifty Fut
R-3669/3713/3741.
S-3641/3597/3569.
Sensex
R-12114/12279/12385.
S-12008/11843/11737.
Yesterday our buy call three targed achived. But Sell call not active. Today Nifty Buy abv 3680 Sl 3640 Tgt 3700,3710,3730,3750 and 3780 levels. Nifty Sell Below 3620 Sl 3660 Tgt 3590,3570,3550 and 3520 levels.
Market would give thumbs up to the Dr.Manmohan Singh verdict on Monday morning with Nifty is expected to Open with a Gap Up of 8-9% straight away but what would be important to see is whether Nifty would be able to sustain around 3970-4000 and if it sustains then we are heading towards 4200-4250 on Nifty.
Shorting is strictly not advised for positional trades although for intraday it can be done but with a strict stop loss. The sectors to watch out in immediate short term would be from Banking, Telecom, Insurance, Realty and Infrastructure. Following would be my top picks in various sectors.
Banking: IDFC, ICICIBANK, SBIN, ANDHRA Bank, & UCO Bank.
Telecom: RCOM, IDEA, BHARTIARTL
Insurance: BAJAJFINSV
Reality: DLF, UNITECH, IBREALEST, HDIL & SHOBHADEV.
So be ready for another exciting week ahead and if you missed out then catch the coming rally but don’t forget to put stop loss in every trade that you do.
In an overwhelming vote for stability, Congress and its UPA allies on Saturday scored a stunning win in the Lok Sabha polls humbling BJP and the Left parties to race close to an absolute majority. Congress win may support Indian Stock Markets.
Fourth week of May 2009 will start from 18th May 2009 and will end on 22nd May 2009.
Planetary position during Fourth week of May 2009
Sun will transit from Taurus.
Retrograde Mercury will transit from Taurus.
Venus will transit from Pisces.
Moon will transit from Aquarius, Pisces and Aries.
Mars will transit from Pisces.
Rahu will transit from Capricorn.
Jupiter will transit from Aquarius.
Retrograde Saturn will transit in Leo.
Ketu will transit in Cancer.
Prediction's Came True - http://stockmarketprediction.blogspot.com/2009/02/bulls-will-back-bse-sensex-will-touch.html
One more Prediction's Came True -
http://www.astrology18 .com/vedicastrology/gujarat_election_2009_prediction.html
SHARE YOUR THOUGHTS! LEAVE A COMMENTS
Stock Market Prediction for 18th May 2009
Transiting Moon will be passing through Aquarius Zodiac sign. Transiting Moon will be in applying aspect with Transiting Venus, indicates Market may open up but it may slide down from higher level up to 12.00, Again Market may recover from bottom and may go up up to 14.00. Some selling pressure will come in Indian Stock Market after 14.00. Market will be volatile, so be careful.
Stock Market Prediction for 19th May 2009
Transiting Moon will be passing through Aquarius Zodiac sign. Transiting Moon will be in applying aspect with Transiting Mars, indicates Market may steady or up side between 11.00 and 11.25. Some selling pressure will come in Indian Stock Market between 13.12 and 13.44. Market may again go up after 14.00.
Stock Market Prediction for 20th May 2009
Transiting Moon will be passing through Pisces Zodiac sign. Transiting Moon will be in separating aspect with Transiting Ketu, indicates Market may steady or up side up to 11.45. Market may go down between 11.55 to 13.57, Buying in Heavy weight scripts will support market after 14.00.
Stock Market Prediction for 21st May 2009
Transiting Moon will be passing through Pisces Zodiac sign. Transiting Moon will be in applying aspect with Transiting Mars, indicates Market may steady or up side up between 13.00 and 14.00. Market may slide from higher level after 14.15, Be careful and Be cautious.
Stock Market Prediction for 22nd May 2009
Transiting Moon will be passing through Aries Zodiac sign. Transiting Moon will be in applying aspect with Transiting Rahu, indicates Market will be extremely volatile. Market may steady or up side up to 14.00. Some selling pressure will come in Indian Stock Market after 14.12, so be careful.
Technical Analysis
If Nifty will close above 3742 for two days, it may go up to 4100 within few days. Resistance Level for Nifty will be 3797, 3830, 3853 and 3905. Support Level for Nifty will be 3500, 3484 and 3427.
Resistance Level for Sensex will be 12407, 12642 and 12876. Support Level for Sensex will be 11500, 11330 and 11109.
We suggest the investor to book profit at every rise and exit.
The verdicit is out.Congress is going to rule.That is a welcome mandate by the people of India as they have voted for reforms and has given a clear mandate to Congress to go ahead with reforms.
Market has got just it wanted.Stability.Market was in doubt what can be the outcome of the election but now as there is going to be a stable government , market will show it full color in next one year.Now I am sure that my projection of touching 21k in by Dec 2010 is going to happen.It may even happen early and we may see even a new high by DEC 2010.
The new high may just not be just couple of thousand points but almost 40-50% above the previous high.Yes, you are guessing correct.We can touch 30k.
The stable government will infuse confidence in FII's and they are going to pour money in billions. India will again will be a hot destination for FII's and Pension Funds.
I again write that those who have invested in Cash gr stocks with good fundamentals will be able to make big return from the market.Cash gr is going to blast like anything in next 6 months and people will curse themselves for not buying stocks at such a low level.
But stocks which I have written here time and again.be it A gr or Cash gr.
Seimens , ABB, Areva, Alsthom , L&T , Thermax, are going to be the star performer in next 3-4 years.
The sector to watch out are Power(Hydel power,Thermal Power,Nuclear power),Infra, Realty,IT,Cement,Water Management, Ports ,Irrigation ,PSU Oil co(HP,BP,IOC) are some sectors which needs to lookout for.I will discuss other sectors in times to come.
But these are hot sectors.
I can't say anything about Monday.We can even go up by 1k points and more.The election has given a new confidence to bulls .One of my friend asked me about the market reaction.He asked me if there will be any market reaction after say market touches 12500-13000.
He asked me before the elections results were out.
I told him that market can surprise Bear like Market surprised Bulls in year 2008.I told him that as market went down straight from 21k to 7700 without any proper pullback rally and bulls were grind to dust , the same can be in store for Bears as well.Market can go up and up without big correction which bears may not be used to of since last year and a half.They are already seeing the trailer since last 2 months as market hs gone up by 50% without any big correction and the election has given strength to bulls .
The year after election has always proved good for market and seems to be the same this time too.But the crux is , to predict what can happen and how much maket can go up and which stocks will go up and which sector will outperform the sensex.
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