Friday, May 25, 2007

Newsletter dated 25th May,2007

U.S. stocks fell on Thursday, as interest-rate concerns spurred investors to lock in profits from the market's spring rally. News that sales of new homes climbed at their fastest pace in 14 years signaled a slowdown in housing may have bottomed out, but it also put the Fed's cut in official rates further out on the horizon. A steady rise in bond yields has investors worried about higher borrowing costs.

The Nasdaq fell 1.52 percent, dragged lower by Network Appliance Inc. People are coming to grips with the idea that not only are there not going to be rate cuts any time soon, but if the 10-year Treasury (yield) goes much higher, then people are going to start talking about the Fed lifting rates again. The market has been expecting an interest-rate cut to encourage economic growth later in the year.

The Dow Jones industrial average <.DJI> slid 84.52 points, or 0.62 percent, to end at 13,441.13, swinging about 200 points during the session. Earlier, the Dow had earlier rallied to a lifetime intraday high of 13,624.55. The fourth day of losses makes this the Dow's longest losing streak since the five-day slide that culminated in the global equity rout on Feb. 27.

The Standard & Poor's 500 Index <.SPX> dropped 14.77 points, or 0.97 percent, to finish at 1,507.51, after earlier climbing nearly 2 points above its record closing high set on March 24, 2000, in the waning days of the dot-com bubble. The Nasdaq Composite Index <.IXIC> fell 39.13 points, or 1.52 percent, to close at 2,537.92.

Japanese stocks fell broadly on Friday as investors, concerned about falls in U.S. and Chinese stocks, grabbed profits in property shares and other recent gainers such as Canon Inc. Tsuyoshi Segawa, equity strategist at Shinko Securities, said concern that a next global market sell-off might be triggered by the Chinese market is degrading market sentiment around the world, including Japan. The broad TOPIX index <.TOPX> finished the morning down 1.77 percent at 1,707.42 after briefly falling 2 percent. The Nikkei <.N225> lost 1.59 percent, or 280.86 points, to 17,416.11.

The blue-chip Hang Seng Index <.HSI> was down 1.12 percent, with Chinese stocks leading the fall after former U.S. Federal Reserve Chairman Alan Greenspan on Wednesday warned of a "dramatic contraction" in Chinese shares. The index opened down 1.18 percent at 20,553.78 after a public holiday on Thursday. The index for Hong Kong listed Chinese companies <.HSCE> was off 1.81 percent at 10,677.60 after the first 30 minutes of trade. All other Asian markets are down anywhere between 1-1.5%.

Today Sensex might open 150-200 points lower accompanied by blue-chips and heavyweights. Some mid-caps are likely to correct. We might see some buying in Technology and oil marketing stocks at lower levels.

TOP BUYS.....

1. SATYAM COMPUTERS

2. INFOSYS

3. BPCL

4. HPCL

5. BAJAJ AUTO

6. IOC


TOP SELLS.....

1. TVS MOTORS

2. NTPC

3. ADVANTA (at higher levels)

4. EURO CERAMICS


Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Thursday, May 24, 2007

Newsletter dated 24th May,2007

U.S. stocks edged lower on Wednesday as a warning about Chinese stocks by former Federal Reserve Chairman Alan Greenspan erased gains fueled by takeover talk in the aluminum sector. Greenspan said he feared a "dramatic contraction" in Chinese stocks after the recent boom, adding the run-up was "clearly unsustainable." The comments come almost three months after a sharp drop in Chinese stocks on concerns about speculative investments triggered a global equity rout.

There were some comments about the bubble in China and that reversed the market. The last big sell-off was China- driven, so Greenspan's comments got people to be a little bit more aggressive on the sell side. People are looking for a reason for the market to take a rest, but there are still some pretty strong money flow trends, with what is going on with private equity.

The Dow Jones industrial average <.DJI> fell 14.30 points, or 0.11 percent, to end at 13,525.65, after earlier hitting a record. The Standard & Poor's 500 Index <.SPX> slipped 1.84 points, or 0.12 percent, to finish at 1,522.28. The Nasdaq Composite Index <.IXIC> dropped 10.97 points, or 0.42 percent, to close at 2,577.05.

The Nikkei slipped 0.11 percent by the close of morning trade on Thursday, on track for its first loss in four sessions, as investors sold some recent gainers such as Sony Corp. after Alan Greenspan warned of a sell-off in Chinese stocks. Greenspan, the former chairman of the U.S. Federal Reserve, warned of a "dramatic contraction" in Chinese stocks, making investors nervous that other markets -- including Japan -- would be affected. The market advanced for three days straight ... so we were getting to a point where it was easy to take profits. Nikkei <.N225> finished the morning down 18.77 points at 17,686.35. The broad TOPIX index <.TOPX> lost 0.14 percent to 1,737.59. All other Asian market are trading in the red, though not very much.

Today Sensex might open in the red by 30-50 points. After that we might see some institutional buying in some selective counters. Today we might see range bound movement with stock specific movement. Mid-caps might correct some more before they again resume their upward journey. Today again technology stocks might underperform the markets following weak dollar.

TOP BUYS......

1. BAJAJ AUTO

2. SUN TV

3. TATA MOTORS (at lower levels)

4. ONGC (at lower levels)

5. Dr Reddys

6. VSNL


Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Wednesday, May 23, 2007

Newsletter dated 23rd May,2007

DUE TO SOME TECHNICAL PROBLEM WE ARE UNABLE TO POST NEWSLETTER FOR 23rd MAY,2007. WE REGRET FOR THE SAME.

ANURAG DUJARI
Mobile - 09831909904

Tuesday, May 22, 2007

Newsletter dated 22nd May,2007

U.S. stock indexes finished mostly higher on Monday on the latest round of deal news, including China's $3 billion investment in private equity powerhouse Blackstone Group, but rising oil curbed gains. The Standard & Poor's 500 index rose above the record close it reached in 2000 before giving up some of those gains to end 2 points short of the record, as higher oil prices revived some concerns about the bite that rising energy costs will take out of corporate profits and consumers' budgets.
But every day we go up, people get a little bit more nervous and look for what can derail the train. Today, the most obvious thing is what's going on with energy. U.S. crude oil futures ended above $66 a barrel on uncertainty about supplies from Nigeria. Shares of industrial conglomerates heavily dependent on oil fell, dragging on the Dow. Shares of Alcoa Inc.
The Dow Jones industrial average <.DJI> declined 13.65 points, or 0.10 percent, to end at 13,542.88, after earlier climbing to an intraday record high at 13,586.03. The Standard & Poor's 500 Index <.SPX> rose 2.35 points, or 0.15 percent, to finish at 1,525.10. The Nasdaq Composite Index <.IXIC> gained 20.34 points, or 0.80 percent, to close at 2,578.79.

The Nikkei share average rose 0.60 percent on Tuesday, as Sony Corp. continued its recent rally. But broader gains were limited by continuing concerns about the outlook for the world's second-largest economy. Gross domestic product data released last week showed a greater-than-expected downturn in capital spending. With those numbers weak, it makes institutional investors reluctant to buy. Investors want to see results from the new fiscal year, at the very least first-quarter earnings. The Nikkei <.N225> finished the morning up 105.10 points at 17,661.97. The broad TOPIX index <.TOPX> was up 0.81 percent at 1,724.53. The blue-chip Hang Seng Index <.HSI> was up 0.3 percent, largely in line with the opening level at 20,996.99. All other Asian market are trading flat at current point of time.

Sensex is likely to open 40-60 points up but some profits booking expected after that. So be cautious on going long at opening bell. Technology will underperform the market as Dollar is trading at 40.58 which is around its 9 year low level. Crude has flared to 66.29$ which is a concern and negative for oil marketing companies. Hence they will correct today.

TOP SELLS.........

1. BPCL (Rating 4/5)

2. HPCL (Rating 3.5/5)

3. PATNI COMPUTERS (Rating 3/5)

4. PARADYNE INFOTECH (Rating 3.5/5)


TOP BUYS.....

1. BAJAJ AUTO (Rating 2/5)

2. SUN TV (Rating 2.5/5)

3. ASHOK LEYLAND (Rating 2.5/5)

4. NTPC (Rating 2.5/5)

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Monday, May 21, 2007

Newsletter dated 21st May,2007

If bulls have their way, U.S. stocks will extend their streak of gains next week with another wave of takeovers expected and worries about a housing fallout diminishing. But rocketing crude oil prices along with disappointing outlooks from major retailers, could spoil the party.
The Dow Jones industrial average <.DJI> and the Standard & Poor's 500 index <.SPX> posted seven straight weeks of gains, with the S&P 500 within a whisker of its record close. The blue-chip Dow average ended at another record, after hitting a lifetime intraday high at 13,558.48. For the S&P 500, this is the longest streak of gains since a 9-week run-up that started in late November 2003.

The Nikkei average rose 1.12 percent on Monday as shares of Sony Corp. kept gaining on its earnings outlook, helped by the yen's fall to a record low against the euro. Broader gains were limited, however, as investors remained cautious following an early sell-off in Shanghai stocks. Investors, particularly short-term traders, were concerned about the performance of Chinese stocks after the central bank raised interest rates on Friday. The Nikkei <.N225> finished the morning up 195.58 points at 17,502.38 The TOPIX index <.TOPX> was up 0.86 percent at 1,708.92. The blue-chip Hang Seng Index <.HSI> was up 0.5 percent, with China's monetary tightening measures already priced in. The index opened up 0.3 percent at 20,963.52. All other Asian markets are trading in the green.

Sensex is likely to open 100-125 points up supported by Blue-chips and heavyweights. Oil PSUs marketing companies may correct from its high due to high crude prices. Similarly Technology stocks may remain sudued due to weak dollar.

TOP SELLS.....

1. HCL TECH

2. KPIT CUMMINS

3. ROLTA

4. ZENSAR TECH

5. INFOTECH ENTERPRISES


TOP BUY CALLS......

1. BAJAJ AUTO

2. ONGC

3. NTPC

4. ASHOK LEYLAND

Note:-
1. Place Stop loss 3-4% below your cost price.
2. Do your own homework before trading.
3. Book profits if you get 2-4% return.

ANURAG DUJARI
Mobile - 09831909904, 09433988791, 09330911514, 09883059291
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period.

Sunday, May 20, 2007

Time Technoplast IPO - Apply

Time Technoplast, promoted by Anil Jain, Venkatasubramanian and associates, manufactures and sells technology-based polymer products used in industrial and consumer packaging solutions, lifestyle products, auto components, healthcare products and construction and infrastructure-related products.

Starting its operations in 1991 as an SSI unit in single-product segment (industrial packaging) with technology partner Mauser, Germany, joining in 1993, Time Technoplast has manufacturing facility located at six different places: Daman (Union Territory), Baddi-Thane (Himachal Pradesh), Hosur (Tamil Nadu), Sahibabad (Uttar Pradesh), Mahad (Maharashtra) and Pantnagar (Uttaranchal). The company is setting up new manufacturing facility in Himachal Pradesh, Silvassa (Gujarat), Sharjah (UAE), and Poland.

The forthcoming IPO is to part-finance its various aggressive expansion projects. One new project is being set up at Thane (Himachal Pradesh) to manufacture medical devices with a capacity of 4,200 tonnes per annum. These would comprise auto disabled and auto collect syringes ranging from 0.5 ml to 5 ml, and involve a capital expenditure of Rs 35.23 crore. The project is to be commissioned by October 2007.

A Rs 15.37-crore integrated injection moulding facility, with a capacity of 3,000 tonnes per annum, will come up at Silvassa for augmenting the production capacity of plastic pails and auto components. This project is likely to go on stream by October 2007.

The issue money will also be utilized in overseas projects to part-finance a new project by a wholly owned subsidiary, Elan Incorporated FZE, in Sharjah, UAE, for packaging (plastic drums, containers and coni pails) and lifestyle products (garden furniture). The total cost of the project is around Rs 27.5 crore. This is to be part-financed by a term loan of Rs 16.5 crore from the Exim Bank of India and rest through IPO proceeds. The UAE subsidiary is proposed to be operational by June 2007

Time Technoplast's wholly owned subsidiary, Novo Tech, will put up a production facility in Poland, Europe, for auto components and lifestyle products. Commercial production will begin in October 2007. The capex required for this project is estimated to be Rs 12.1 crore.

A 75% stake has been purchased in Tainwala Polycontainers, a BSE listed company, for which it had raised a loan of Rs 40 crore. The IPO proceeds will also be used for the repayment of its outstanding portion of the loan including interest totaling to Rs 36.32 crore. The company has changed the name of the acquired company, which manufactures HM-HDPE drums/barrels and has an installed capacity of 6,000 metric tonne per annum, to TPL Pastech.

About Rs 19.2 crore raised through the IPO will be further used to acquire a 49% holding in Time Securities Services (TSSPL), which had floated the Singapore-based joint venture Mauser Holding Asia (MHA) along with Mauser Holdings. TSSPL is one of the promoters of Times Technoplast. MHA recently acquired a 91.89% stake in Pack Delta, an industrial packaging company based at Bangkok, Thailand.

Along with collaborators Mauser, Germany, Time Technoplast had formed a joint venture, Time Mauser Industries (TMIPL) in India in 2004. The Mauser group holds 51% and Time Technoplast 49% in the company set up to manufacture intermediate bulk containers (IBC) of 1000-liter capacity at Daman. TMIPL is now putting up a new 200-litre drum production facility at Pen in Maharashtra. The new project is expected to commence production from June 2007.

Time Technoplast had merged its group companies Shalimar Packaging and Oxford Moulding, catering to lifestyle products and healthcare products, respectively, from 1 April 2005. In view of this, the results of FY 2006 and nine months ended December 2006 are not comparable with the results of FY 2005, FY 2004, FY 2003 and FY 2002.


Strengths

Operating in diverse business segments of the plastic products industry: packaging products, lifestyle products, auto components, and healthcare, effectively de-risking its business.

Has established brands in each segment of its operation: Time Mauser for packaging products, Ecopet for PET sheets, Meadowz for Turf, DuroTurf and Durosoft for mattings, Regal for garden furniture, 3S for Anti Spray Devices (automotive component), and Genex for healthcare products.

Has a manufacturing facility spread over six locations, eleven regional / area-marketing offices and distribution and dealer network spread over 345 cities and towns to offer its product range across the country.

Three out of six plant locations – Daman, Thane near Baddi, and Pantnagar – enjoy income-tax exemptions, which will also be available to new plants coming up in these places.


Weaknesses

Operating in a highly competitive environment. Also, end users are price conscious. Increasing competition implies reduction in prices, affecting margin.

Is in the process of entering the overseas market by setting up a plant in the UAE. and Poland. No prior experience of handling overseas market.

Fluctuations in the prices of polymers, the principal raw material, will have adverse impact on the profitability.


Valuation
Time Technoplast has set a price band of Rs. 290 to Rs 315 per equity share of Rs 10 each for the IPO. This translates into a P/E of 16.0x on the lower price band and 17.4x on the higher side of the price band, according to the annualised consolidated EPS of Rs 18.1 for the nine-month period ended December 2006 on post-issue equity of Rs. 20.92 crore. Listed plastic product majors Supreme Industries and Sintex Industries are currently traded around P/E of 17.

reference -
www.capitalmarket.com

ANURAG DUJARI

Mobile - 09831909904, 09883059291, 09330911514, 09433988791
Messenger ID - anurag130
E-Mail - anurag130@yahoo.com

Disclaimer and Terms of Use: Stock market is subject to risk. High risk high gain is the key to stock market. We are not responsible for any loss or profit associated with stocks mentioned on this site/ by us. Under no circumstances will we be held liable for losses incurred due to information presented anywhere on the site or given through yahoo messenger or SMS. Please do your own research before establishing an equity/ derivatives position in a company. Not all stocks recommended by us are suitable for your investment needs. Carefully evaluate your own risk appetite. Subscription Prices subject to revise whenever required. Subscription Fees once paid cannot be refunded under any circumstances. Any error in this document cannot be claimed by anyone. Technical faults during online calls or SMS cannot be claimed by any of the clients and it’s beyond the limit of the service provider. Due to technical faults, the service might interrupt for short duration and no claim or refund will be entertained. Delay in SMS delivery is not within our limits and its totally mobile operator dependant. The articles on this site are not written by a registered investment advisor. The author may or may not be holding a position in companies that are being analyzed. More likely than not, the author will have an interest in the stock mentioned.The price offer and services are complimentary and subject to revise when and where required. No refund/ No Claims can be entertained once subscription is availed for that period
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