Tuesday, November 10, 2009

Technical Call in RELIANCE MEDIA


RELIANCE MEDIA (280)

Formerly known as ADLABS FILMS all does not seem to be okay with the media company.

Use this rise to exit if long in the stock and Short the stock only if it trades below 260 for a minimum target of 165.

The stock currently faces resistance between 285-300 above that at 335-340.

Regards


Saturday, October 31, 2009

VARIOUS Research Reports

MASALA MIX -- CLSA
A look into this week's performance and why it happened so in TELECOM stocks and results impact of CAPITAL GOODS, PHARMA & AUTO Stocks by Mohan Gundu the Senior Research Head at CLSA

The strength of earnings continues into 2QFY10. The good news is that profits continue to grow strongly despite the pre-crisis base. The overall strength of earnings is being driven by margins, which have been the main source of surprise for consensus in general.

The market is up 100% since its low in March 2009,and is now up 92% reforms are moving slower than expected by certain quarters. The central bank has been sending signals on a possible exit policy same time equity supply is burgeoning.

History shows that the first rate rise in a tightening cycle usually causes equities to correct moderately. The reaction of markets to Australia’s rate rise earlier this month suggests
that same thing could happen this time too.

While we have remained cautious on Indian telecoms due to competition, the extent of
pricing pressure has surprised us negatively, leading to a further reduction in our EPS and
target prices. Our EPS estimates are now 21-53% below consensus for FY3/11 and our
target prices imply a 12-27% downside from current levels.

We continue to believe Punj Lloyd is the only Indian mid-cap E&C company that has the
necessary skill sets/ desire to leapfrog into the next level occupied by L&T. However, the company is trying to make this jump in too short a time with aggressive bidding size/ geography/ pricing of orders. SABIC was a legacy order but Ensus/ONGCs Heera are results of aggressive bids not paying off.

Tuesday, October 27, 2009

NEWS @ 27-10-2009

George Soros Interview with Financial Times - October 2009

SOROS: Well I think there could certainly be another dip in the stock market because, right now we are enjoying the confidence multiplier and there's a sort of hope that this is a crises like the previous ones and we will just sort of recover in a V-shape recovery. So when the hope is not fulfilled, I think that will be ...


Bill Gross, the influential manager who runs top bond fund PIMCO, warned Monday that the prospect of an end to the Federal Reserve's debt buyback programs could add selling pressure to several credit markets ...

The following are the highlights of the RBI's second quarter review of monetary policy, unveiled by Governor D Subbarao on Tuesday:

The Reserve Bank on Tuesday signalled the withdrawal of the easy monetary policy stance by raising the statutory liquidity ratio, the portion of funds that banks are required to park in government securities, ...

Mukherjee said," Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government's own thinking of both fiscal policy and monetary policy."

RBI in an attempt to prevent an asset bubble in the real estate segment of the economy, has hiked the provisioning requirement for advances to the commercial real estate sector ...

"There is no issue of asset bubble. It is only the return of some measures which had been relaxed," ICICI Bank managing director Chanda Kochhar told reporters ...

The two sovereign wealth funds of Singapore government, Temasek and GIC, have together sold shares worth over Rs 2,100 crore or $460 million in India’s largest private bank ICICI Bank between April and September ...

VM looks at copper price prospects for the remainder of the year as being uncertain, with a price correction being overdue. The drivers for continuing strength are the ups and downs in Chinese demand and the ...

The Serious Fraud Investigation Office (SFIO) was investigating the last eight years financial accounts of India's top private sector iron ore exporter, the Business Standard newspaper said, citing an unidentified ...

"What suitable arrangement you can make out or arrive at. There must be parameters to arrive at a suitable arrangement," a bench headed by chief justice K G Balakrishnan said ...

The financials of Reliance Industries Ltd (RIL), India’s largest company by market capitalization, have been queried in a recent report by Kotak Securities Ltd over “aggressive accounting policies” ...

“We have asked for the allocation for NCR projects. It is not for Kawas and Gandhar (the Gujarat) projects for whose expansion we have been fighting the court case with RIL on gas supply,” said a top NTPC executive ...

I-T Department serves fresh notice on DLF
The Income Tax (I-T) Department has issued a fresh notice to realty major DLF even as it’s appeal against an additional tax liability imposed on it by the I-T Department is being heard ...

The steel major had a net profit of Rs 1,787.81 crore in the second quarter of FY'09, Tata Steel said in a filing to the Bombay Stock Exchange ...

SKNL, which started out as a textile distributor in 1948, is today one of the country’s largest textile and apparel companies with a portfolio of brands that covers all the segments of the market — formal, informal and luxury ...

We would be making capital infusion of Rs 200 crore by the end of March 2010 for meeting expansion needs," said Max New York Life Insurance CEO and Managing Director Rajesh Sud ...

ING will sell its stake in the life insurance business by 2013 as part of its ongoing Back to Basics programme by moving towards complete separation of its banking and life insurance operations ...

Monday, October 26, 2009

NEWS @ 26-10-2009

The economy will not experience a V-shaped recovery; there will be a stock market setback in the next month, and the high price of oil isn't about demand, rather a way to hedge against the overprinting of paper ...

European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers ...

India Inc making up for lost time in raising funds
FCCBs are back in vogue as premiums have gone up to 30 per cent. “Four months back, the premium was low (15-16 per cent) and the coupon was ruling at 5-6 per cent. It did not make sense for promoters as it was a ...

Reserve Bank of India (RBI) today cut the growth forecast for FY10 to 6.5% from the earlier forecast of 6%. The central bank added that inflation concerns may persist as consumer prices continue to increase...

RBI had released the guidelines for licensing new banks in the private sector way back in 1993 and thereafter reviewed it in 2001.While net worth of new banks is likely to be enhanced from Rs 300 crore (Rs 3 billion) at ...

Anil Ambani-controlled Reliance Infrastructure (R-Infra) has again raised the issue of marketing margins being charged by Mukesh Ambani-run Reliance Industries Ltd (RIL) on sale of gas from the D6 block in the ...

An empowered group of ministers headed by finance minister Pranab Mukherjee is likely to allocate on Tuesday a bulk of the additional natural gas from Reliance Industries' [ Get Quote ] KG-D6 fields to power ...

Reliance Industries has warned of irreversible damage to the Krishna Godavari basin reservoir saying the failure of the government to name additional customers has led to natural gas flow from KG-D6 fields being ...

the company has said it is producing only about 60 percent of its 60 million standard cubic metres a day (mmscmd) capacity, leading to the deferral of $100 million in monthly revenue from May, and a delay in ...

Total income of the company rose to Rs 566.7 crore in the latest quarter of the current fiscal from Rs 558.1 crore of year-ago period ...

Infosys was an early adoptor of certain tax benefits, making it face expiration of these perks earlier than its peers, Barron's reported in its electronic edition ...

The Income Tax Act requires foreign companies to include in their income taxable in India any income arising from or through its business connection in India ...

Idea Cellular has posted a consolidated net profit of Rs 220.15 crore for the quarter ended September 30, 2009 whereas the same was at Rs 144.07 crore for the quarter ended September 30, 2008 ...

Friday, October 23, 2009

NEWS @ 23-10-2009

The Reserve Bank is likely to raise Cash Reserve Ratio (CRR), the portion of funds that banks have to keep with the regulator, by 50 basis points in its forthcoming monetary review next week and signal tight monetary ...

Hardy Oil and Gas said it may have to reduce its reserves estimates for an oil and gas reservoir it is exploring offshore India after a failed well, but remains optimistic the structure holds hydrocarbons ...

Shares in energy major Reliance Industries slid 4.5 percent on Friday after partner Hardy Oil and Gas said it will stop exploring a well for gas in the D9 block off India's east coast ...

The Supreme Court on Thursday asked Reliance Industries Ltd (RIL) why the memorandum of understanding (MoU) between the two Ambani brothers—Anil and Mukesh—was not made in consonance with the ...

RIL, said Salve, had vehemently protested against the government taking away its marketing freedom, whereas the Anil Ambani group had actually sought regulation of fuel sale in 2007 ...

We are ensuring that there is no coal shortage to Rajasthan government for its proposed 3960 MW three power projects, Coal Minister Sriprakash Jaiswal told reporters here today ...

NTPC today reported a worse-than-expected net profit decline of 2% at Rs 2,152 crore for the second quarter ended September 30, 2009 when compared with Rs 2,193 crore in Q1FY10 ...

Workers at Tata Steel’s European arm Corus on Thursday said they are not ready to negotiate with the company on the payment of bonus at gun point and may resort to “industrial action” against the company ...

"There is no possibility of price rise in November. Prices are determined by the market and (not by immediate input cost pressure)," SAIL Chairman S K Roongta said here today when asked if the PSU would pass on the ...

If Tata Motors decides to pay up, this will have an impact on the firm’s profitability as this liability is 63% of its first quarter net profit in the current fiscal ...

Troubled component manufacturer Rico Auto Industries, facing labour unrest since October 18, has reported a daily production loss of about 25 per cent at its Gurgaon plant, “due to the unrest caused by a group ...

Bangalore-based biotech major Biocon has more than tripled its net profit to Rs 76 crore in the July-September quarter compared with Rs 25 crore in the same period last year. Total revenue during the ...

All companies have increased their presence in India and a large number are holding their board meetings here, because India is an important offshore and domestic location. India is important in terms of the ...

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