Nifty :: Bearish Harami line, bullish high wave candle with an insider bar.. Extreme side way momentum from last couple of month… Watch breakout level 5181, breakdown level 5052 for short term move.. Till then buy in deep near support and sell at high near resistance.. Our strategy for 10th Dec. up to 5091 buy in deep (S.L 5051) Sell at high (S.L 5181).. Resistance for up move at 5140/5152/5161/5181.. Supports at 5091/5073/5051/ 5038..
Friends,
I have recomending fundamentally sound stocks time and again here.
I have already recomended Supreme Petro .
I will be writing on Supreme Petro today which is a Raheja Gr co with the leader in Supreme Ind.
The earning has been increasing steadily for Supreme Petro and is paying div regularly.
The shot in the arm came when it signed an MOU with Ultrabatch s.r.l.Italy.....
Just read the MOU and I think everyone would love to buy this Co.
Actually I was surprised why there was no query on Supreme Petro?That also says the lack of due diligence from readers.
Supreme Petro comes from a great promoters and gr group.Co has buy back shares from open market as well as open offer.This also shows that Promoters are bullish on future of the co..
First read about what Supreme Petro stands for:
Supreme Petrochem Ltd (SPL), owns and operates a state-of-the art Polystyrene facility, with an installed capacity of 2,72,000 TPA located at Nagothane in Raigad District, about 100 Kms south-east of Mumbai city. The facility also includes a world class colouring and compounding facility with an installed capacity of 17000 TPA.
The Plant is based on technology from the erstwhile Huntsman Chemical Corporation (Now NOVA Chemicals) USA with basic engineering by ABB Lummus Crest, USA.
SPL is the leader in Polystyrene business in the Indian market place with a share of more than 50%. SPL is also the largest exporter of PS from India, exporting to over 80 countries around the globe. Currently SPL's exports are over 100,000 Tons/Year.
The Product range covers the entire spectrum of Polystyrene. GPPS range covers MFI of 1.6 to 20, HIPS covering both extrusion and moulding grades, ESCR, High Gloss and super High Impact grades.
The specialty range includes UL listed Ignition Retardant HIPS (both V0 and V2 rating), Mineral Filled HIPS, Micro floppy diskette grade, UV stabilised PS, Toughened PS and custom coloured PS, filled PP for automotive/appliance industry application, high quality white and gray colour masterbatches for injection molding as well as film, sheet extrusion applications.
To hasten the development of new applications and use of these materials Product Application Centre has been established, where joint programmes with customers are initiated.
SPL's reputation as a reliable supplier is due to its internationally acclaimed safety record in plant operation and total compliance with global and local standards on EHS. For these SPL has been awarded with 5 star rating from British Safety Council.
Its operations are ISO 9001:2000, ISO 14001:1996 and OHSAS 18001:1999 certified. A strong online customer feed back system on quality of products and services is the essence of SPL's quest for continuous improvement.
To strengthen the competitive position further, the company is keenly pursuing it's minor port project in district Raigad, Maharashtra to handle the import of it's raw materials.
The company has taken over management control of Shin Ho Petrochemical (India) Ltd, an existing player in Expanded Polystyrene (EPS) in Chennai, (Southern India) with an installed capacity of 6000 TPA. Name of this company is being changed to SPL Polymers Ltd and capacity expansion of the plant is under implementation. New EPS project of 60,000 TPA capacity is under implementation in Nagothane Styrenics Complex.
Read on the MOU(Memoredum of Understanding) This MOU was done on 30th Sep 09
MUMBAI (Commodity Online) : One of India’s leading Polystyrene Producer, Petrochem Ltd (SPL) Wednesday announced the signing of a MOU with Ultrabatch s.r.l, Italy’s leading manufacturer of high end additive Masterbatches.
With a key focus on agricultural films this initiative will provide Supreme Petrochem access to Ultrabatch state-of-the-art additive Masterbatches manufacturing technology.
Trade commodities or equities from across the globe. Join Now
Analysts said this tie up will help move up the value chain in the Petrochemicals business and help India modernize its agriculture and horticulture sector.
The agricultural film business in India is in a nascent stage and is poised to grow rapidly in the next few years due to the emphasis being laid by the Government to modernize agricultural and horticulture activities.
As part of the alliance, Supreme Petrochem will also market Ultrabatch products in it’s stronghold markets like India and overseas while Ultrabatch will promote Supreme Petrochem range of Masterbatches in many parts of Europe.
The total size of the high end special/additive Masterbatches market in India is pegged at 12,000 mt per annum which is valued at Rs. 250cr and is posting a CGAR of 15%.
Speaking on signing of the MOU, Mr. M. P. Taparia, Chairman, Supreme Petrochem Ltd said, “We are delighted to tie-up with Ultrabatch and this alliance is in line with our long term objective of moving up the value chain of petrochemicals business.
This partnership will not only provide us access to key international markets but will also enhance our technical know-how in plastic processing business to cater to the growing modernization needs of the agriculture and horticulture sector.”
Mr. Peter Csergo, Director of Ultrabatch, said “We are excited with this new partnership as we are extremely impressed with the quality of Masterbatches manufactured by Supreme Petrochem. We are confident that Supreme Petrochem Masterbatches will be well accepted by quality conscious European market.”
Supreme Petrochem Ltd. (SPL) is jointly promoted by Supreme Industries Ltd., India’s largest processor of plastics and highly diversified Rajan Raheja group.
The company is also a leading producer of specialty Polystyrene compounds, Masterbatches and Poly Propylene compounds with a capacity of 25,000 TPA. The company has a manufacturing capacity of 2,72,000 TPA for Polystyrene at their plant located at 120 kms away from Mumbai.
Supreme Petrochem Limited commands over 50% market share in Polystyrene business in India and export their products to 95 countries around the globe.
Continuous development of new products and focus on high quality has enabled Supreme Petrochem Limited to command respect of customers in plastics, automotive and consumer durable industries
Ultrabatch s.r.l, 11 million euros company promoted by technocrats in Italy in 2003, possesses cutting edge technology for manufacture of high end additive Masterbatches.
Ultrabatch is a renowned manufacturer of UV stabilized Masterbatches for greenhouse films. Ultrabatch also manufactures specialty additive Masterbatches like antistatic, antiblock, antislip, desiccant, processing aids etc. for various applications at their highly sophisticated plant near Milan.
My Comments:
I have already recomended Poddar Pigments which claims to the first to have master batches in various field.No one seems to have given a hard look at Poddar Pigments....
I have recomending fundamentally sound stocks time and again here.
I have already recomended Supreme Petro .
I will be writing on Supreme Petro today which is a Raheja Gr co with the leader in Supreme Ind.
The earning has been increasing steadily for Supreme Petro and is paying div regularly.
The shot in the arm came when it signed an MOU with Ultrabatch s.r.l.Italy.....
Just read the MOU and I think everyone would love to buy this Co.
Actually I was surprised why there was no query on Supreme Petro?That also says the lack of due diligence from readers.
Supreme Petro comes from a great promoters and gr group.Co has buy back shares from open market as well as open offer.This also shows that Promoters are bullish on future of the co..
First read about what Supreme Petro stands for:
Supreme Petrochem Ltd (SPL), owns and operates a state-of-the art Polystyrene facility, with an installed capacity of 2,72,000 TPA located at Nagothane in Raigad District, about 100 Kms south-east of Mumbai city. The facility also includes a world class colouring and compounding facility with an installed capacity of 17000 TPA.
The Plant is based on technology from the erstwhile Huntsman Chemical Corporation (Now NOVA Chemicals) USA with basic engineering by ABB Lummus Crest, USA.
SPL is the leader in Polystyrene business in the Indian market place with a share of more than 50%. SPL is also the largest exporter of PS from India, exporting to over 80 countries around the globe. Currently SPL's exports are over 100,000 Tons/Year.
The Product range covers the entire spectrum of Polystyrene. GPPS range covers MFI of 1.6 to 20, HIPS covering both extrusion and moulding grades, ESCR, High Gloss and super High Impact grades.
The specialty range includes UL listed Ignition Retardant HIPS (both V0 and V2 rating), Mineral Filled HIPS, Micro floppy diskette grade, UV stabilised PS, Toughened PS and custom coloured PS, filled PP for automotive/appliance industry application, high quality white and gray colour masterbatches for injection molding as well as film, sheet extrusion applications.
To hasten the development of new applications and use of these materials Product Application Centre has been established, where joint programmes with customers are initiated.
SPL's reputation as a reliable supplier is due to its internationally acclaimed safety record in plant operation and total compliance with global and local standards on EHS. For these SPL has been awarded with 5 star rating from British Safety Council.
Its operations are ISO 9001:2000, ISO 14001:1996 and OHSAS 18001:1999 certified. A strong online customer feed back system on quality of products and services is the essence of SPL's quest for continuous improvement.
To strengthen the competitive position further, the company is keenly pursuing it's minor port project in district Raigad, Maharashtra to handle the import of it's raw materials.
The company has taken over management control of Shin Ho Petrochemical (India) Ltd, an existing player in Expanded Polystyrene (EPS) in Chennai, (Southern India) with an installed capacity of 6000 TPA. Name of this company is being changed to SPL Polymers Ltd and capacity expansion of the plant is under implementation. New EPS project of 60,000 TPA capacity is under implementation in Nagothane Styrenics Complex.
Read on the MOU(Memoredum of Understanding) This MOU was done on 30th Sep 09
MUMBAI (Commodity Online) : One of India’s leading Polystyrene Producer, Petrochem Ltd (SPL) Wednesday announced the signing of a MOU with Ultrabatch s.r.l, Italy’s leading manufacturer of high end additive Masterbatches.
With a key focus on agricultural films this initiative will provide Supreme Petrochem access to Ultrabatch state-of-the-art additive Masterbatches manufacturing technology.
Trade commodities or equities from across the globe. Join Now
Analysts said this tie up will help move up the value chain in the Petrochemicals business and help India modernize its agriculture and horticulture sector.
The agricultural film business in India is in a nascent stage and is poised to grow rapidly in the next few years due to the emphasis being laid by the Government to modernize agricultural and horticulture activities.
As part of the alliance, Supreme Petrochem will also market Ultrabatch products in it’s stronghold markets like India and overseas while Ultrabatch will promote Supreme Petrochem range of Masterbatches in many parts of Europe.
The total size of the high end special/additive Masterbatches market in India is pegged at 12,000 mt per annum which is valued at Rs. 250cr and is posting a CGAR of 15%.
Speaking on signing of the MOU, Mr. M. P. Taparia, Chairman, Supreme Petrochem Ltd said, “We are delighted to tie-up with Ultrabatch and this alliance is in line with our long term objective of moving up the value chain of petrochemicals business.
This partnership will not only provide us access to key international markets but will also enhance our technical know-how in plastic processing business to cater to the growing modernization needs of the agriculture and horticulture sector.”
Mr. Peter Csergo, Director of Ultrabatch, said “We are excited with this new partnership as we are extremely impressed with the quality of Masterbatches manufactured by Supreme Petrochem. We are confident that Supreme Petrochem Masterbatches will be well accepted by quality conscious European market.”
Supreme Petrochem Ltd. (SPL) is jointly promoted by Supreme Industries Ltd., India’s largest processor of plastics and highly diversified Rajan Raheja group.
The company is also a leading producer of specialty Polystyrene compounds, Masterbatches and Poly Propylene compounds with a capacity of 25,000 TPA. The company has a manufacturing capacity of 2,72,000 TPA for Polystyrene at their plant located at 120 kms away from Mumbai.
Supreme Petrochem Limited commands over 50% market share in Polystyrene business in India and export their products to 95 countries around the globe.
Continuous development of new products and focus on high quality has enabled Supreme Petrochem Limited to command respect of customers in plastics, automotive and consumer durable industries
Ultrabatch s.r.l, 11 million euros company promoted by technocrats in Italy in 2003, possesses cutting edge technology for manufacture of high end additive Masterbatches.
Ultrabatch is a renowned manufacturer of UV stabilized Masterbatches for greenhouse films. Ultrabatch also manufactures specialty additive Masterbatches like antistatic, antiblock, antislip, desiccant, processing aids etc. for various applications at their highly sophisticated plant near Milan.
My Comments:
I have already recomended Poddar Pigments which claims to the first to have master batches in various field.No one seems to have given a hard look at Poddar Pigments....
Yet another power IPO of the year from JSW Energy has been met with a poor response. The 2700 crore IPO of JSW energy got subscribed by 1.67 times at the end of the closure of the issue today. The IPO received bids for over 38 crore shares as against 22 crore shares on offer.
Once again QIB were the ones to show higher level of participation with their quota being over subscribed by around 2.88 times. The HNI quote was filled up by .7 times, while the retail investor segment showed the lowest participation by subscribing for just .17% of the quota. This marks the lowest application rate among the various Indian power companies that had listed this year.
Indiabulls power Ltd got bids for 22 times the stock offered, while Adani power was oversubscribed by around 18 times and NHPC ltd by around 25 times. It is to be noted that the price of these companies are trading below their issue price. The poor show has to do with how the recent listing of the power companies are performing currently. Power, the most hyped word in the Indian IPO markets is now unable to find enough buyers.
The company was planning to partially fund the building of plants that will generate 2,790 megawatts. The company had proposed plans to raise capacity to 11,350 megawatts in the next five years. Other than the poor show of the preceding listing of power companies, higher price of coal from Indonesia, delays in plant construction activities are some of the other reasons that had acted as the dampener.
Once again QIB were the ones to show higher level of participation with their quota being over subscribed by around 2.88 times. The HNI quote was filled up by .7 times, while the retail investor segment showed the lowest participation by subscribing for just .17% of the quota. This marks the lowest application rate among the various Indian power companies that had listed this year.
Indiabulls power Ltd got bids for 22 times the stock offered, while Adani power was oversubscribed by around 18 times and NHPC ltd by around 25 times. It is to be noted that the price of these companies are trading below their issue price. The poor show has to do with how the recent listing of the power companies are performing currently. Power, the most hyped word in the Indian IPO markets is now unable to find enough buyers.
The company was planning to partially fund the building of plants that will generate 2,790 megawatts. The company had proposed plans to raise capacity to 11,350 megawatts in the next five years. Other than the poor show of the preceding listing of power companies, higher price of coal from Indonesia, delays in plant construction activities are some of the other reasons that had acted as the dampener.
FOR DATE 10-12-2009
SCRIP = LAKSHMI ENG. & FOODS LTD. (NSE),
SCRIP CODE = LAKSHMIEFL,
PREVIOUS CLOSE = 147.15,
STOP LOSS = 141,
TARGET = 188.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 9-12-2009
WITH A CONSIDERABLE RISE IN VOLUMES, THE STOCK HAS GIVEN A FRESH BREAKOUT IN THE LAST TRADING SESSION. THE STOCK WAS IN CONSOLIDATION SINCE SEPTEMBER.
THE STOCHASTICS, RSI AND MACD SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
SCRIP = LAKSHMI ENG. & FOODS LTD. (NSE),
SCRIP CODE = LAKSHMIEFL,
PREVIOUS CLOSE = 147.15,
STOP LOSS = 141,
TARGET = 188.
FOR INTRADAY MOVEMENT OF THE STOCKFILTER PLEASE Click Here!
(OR CLICK THE LINK ABOVE LIVE SENSEX WATCH.)
CHART AS ON 9-12-2009THE STOCHASTICS, RSI AND MACD SHOW A POSITIVE CROSSOVER.
TECHNICAL ANALYSIS AND PORTFOLIO MANAGEMENT SUGGESTS THIS COUNTER GOOD FOR A SHORT TO MEDIUM TERM RANGE.
STRICTLY MAINTAIN AND FOLLOW THE STOP LOSS.
Stock Chart Pattern - Ratnamani Metals and Tubes
The stock chart pattern of Ratnamani Metals and Tubes had a spectacular run from a low of 32 on Mar 16 '09 to a high of 118 on Sep 16 '09 - gaining more than 250% in 6 months. The stock has subsequently been in a corrective mood.
Before getting into the nitty-gritty of the technicals, a few words about the fundamentals. A two-decade long presence in the stainless steel pipes and tubes segment; profit making and dividend paying, with positive cash flows from operations; low debt/equity ratio; low P/E; nearly 60% of the Rs 9 Crores equity held by the promoters; a recent order of Rs 150 Crores from GAIL; clients include IOC, HPCL, Reliance, BHEL.
All point to a stock that smart investors may want to include in their portfolio. Now let us see whether the one year stock chart pattern of Ratnamani Metals and Tubes is supporting the fundamentals or not:-
After hitting the recent high of 118, the stock has been in a sideways correction, well-supported by the 50 day EMA. Today's lower close has sent the slow stochastic tumbling into the oversold zone. The RSI has also dropped below the 50% level. Both indicators are suggesting a continuation of the correction.
The on-balance volume gives a completely different picture. For nearly three months, the stock has made a sequence of lower tops and bottoms. But the OBV is moving higher - a positive divergence and a clear indication of accumulation. So why am I not enthusiastically recommending a 'buy'?
Let us look at a more longer term chart pattern:-
The stock made a high of 302 on Jan 4 '08, from where it fell 89% to 32 in Mar 16 '09. Small cap stocks usually have trouble recovering from such a massive fall. At its recent high of 118, the stock retraced less than 32% of its entire fall of 270. Compare that with the Sensex, which retraced more than 70% of its bear market fall.
This is one of the reasons why investing in small cap stocks is so risky, and best avoided by small investors. The returns may be huge if you can enter at the early stages of a bull phase. But the fall in a bear phase can be soul-destroying.
Bottomline? Enter only if you have very high risk tolerance. If it can clear the recent high of 118, then it may reach 150 and even 180. If you like the pipes and tubes segment, there may be better opportunities elsewhere.
Before getting into the nitty-gritty of the technicals, a few words about the fundamentals. A two-decade long presence in the stainless steel pipes and tubes segment; profit making and dividend paying, with positive cash flows from operations; low debt/equity ratio; low P/E; nearly 60% of the Rs 9 Crores equity held by the promoters; a recent order of Rs 150 Crores from GAIL; clients include IOC, HPCL, Reliance, BHEL.
All point to a stock that smart investors may want to include in their portfolio. Now let us see whether the one year stock chart pattern of Ratnamani Metals and Tubes is supporting the fundamentals or not:-
After hitting the recent high of 118, the stock has been in a sideways correction, well-supported by the 50 day EMA. Today's lower close has sent the slow stochastic tumbling into the oversold zone. The RSI has also dropped below the 50% level. Both indicators are suggesting a continuation of the correction.
The on-balance volume gives a completely different picture. For nearly three months, the stock has made a sequence of lower tops and bottoms. But the OBV is moving higher - a positive divergence and a clear indication of accumulation. So why am I not enthusiastically recommending a 'buy'?
Let us look at a more longer term chart pattern:-
The stock made a high of 302 on Jan 4 '08, from where it fell 89% to 32 in Mar 16 '09. Small cap stocks usually have trouble recovering from such a massive fall. At its recent high of 118, the stock retraced less than 32% of its entire fall of 270. Compare that with the Sensex, which retraced more than 70% of its bear market fall.
This is one of the reasons why investing in small cap stocks is so risky, and best avoided by small investors. The returns may be huge if you can enter at the early stages of a bull phase. But the fall in a bear phase can be soul-destroying.
Bottomline? Enter only if you have very high risk tolerance. If it can clear the recent high of 118, then it may reach 150 and even 180. If you like the pipes and tubes segment, there may be better opportunities elsewhere.
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