Stock Pick's .... 25/09/08

The Sensex opened 24 points higher at 13,717, but soon slipped into the negative zone. Persistent selling technology and realty stocks saw the index slide to a low of 13,431 - down 286 points from the day's high.

However, some value buying at lower levels helped the index recover some of its losses towards the close. The Sensex finally ended with a loss of 145 points at 13,547.

The BSE IT and Realty indices shed 2% each at 3,348 and 3,840, respectively.

The market breadth was fairly negative - out of 2,665 stocks traded, 1,687 declined and 901 advanced today.

Buy NTPC ( @ CMP - 179.05 )

Target 1 -- 182
Target 2 -- 187
Target 3 -- 194
Stoploss -- 173

Value Pick's For longterm Investments

Tata Steel
Mundra Port & SEZ
Reliance Communication
Sterlite Industries
On Mobile
Reliance Petroleum
REC ltd

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Weekly Pick's .... 04/08/08

The Sensex opened 62 points lower at 14,595 amid subdued cues from the global markets. The index rebounded and moved up to a high of 14,726 before slipping back into the negative zone to a low of 14,504 - down 222 points from the day's high.

The index gyrated between zones for most part of the trading day today and finally ended with a loss of 79 points at 14,578.

The market breadth was extremely positive - out of 2,719 stocks traded, 1,845 advanced, and 806 declined today.

The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.

Buy RPL ( CMP @ 174.30 )

Target 1 - 178.50
Target 2 - 181
Target 3 - 184 +
Stolploss - 171

Buy Hindalco ( CMP @ 142.15 )

Target 1 - 147
Target 2 - 152
Target 3 - 160 +
Stoploss - 136

Stock Watch .... High Risk High Return

Titan
AIA Engineering

Midcap Radar ... Monthly Hold

IDBI
Gujarat Power & Ispat Limited
Torrent Power
Bag Films
Sail

Sectorial View : Sugar Sector

Sugar Sector Starting to Regain Sweetness ?

Sector Outlook

Sugar production in the current season (Oct 2007-Sep 2008) is estimated at about 26mn tons, which together with 3.5-4.0mn tons of export would lead to September 2008 inventories equivalent to about six months worth of consumption. However, assuming an 20% decline in next year’s production due to the uncertain cane prices in Uttar Pradesh (UP).

Sugar prices likely to show an upward bias

On the back of declining inventory next year, sugar prices are unlikely to decline significantly from the current levels, though threat of government intervention, on account of inflation control, would mean that prices are unlikely to exhibit a runaway trend.

By-product revenues provide healthy contribution

Most sugar companies have set up facilities to produce power and alcohol from bagasse and molasses respectively to enhance revenues and provide healthy contribution as associated costs are negligible. With mandatory 5% ethanol blending, companies with large distillery capacities such as Renuka Sugars are well placed to supply ethanol to oil marketing companies at fixed prices currently at Rs21.5 per litre.

Stocktrendz View :

Accumulate Sugar stocks for Near term Rally. Our Top Pick in this Sector is Balrampur Chinni Mills & Eid Parry.

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Weekly Pick's .... 01/08/08

The Sensex plunged 323 points in early trade today on heavy selling by funds in line with weak global markets.

Moderate rise in inflation rates, which rose to 11.98 per cent for the week ended July 19, mainly dampened the trading sentiments of the Sensex, which had gained 564 points in the previous two trading sessions.

The index moved in a range of 646 points between 14,032 (low) and 14,667 (high) before finally settling with a gain of 301 points at 14,657.The Nifty ended with a gain of 81 points at 4414.

The market breadth was marginally positive - out of 2,732 stocks traded, 1,548 advanced, 1,110 declined and 74 were unchanged today.

Hot Stocks ...

Buy Renuka Sugar ( @ CMP - 133.75 )

The Stock saw good volumes & saw a significant breakout on the charts nearing to the all time high of 141

Target 1 - 138
Target 2 - 141
Target 3 - 145+
Stoploss - 126.50

Buy 3i Infotech ( @ CMP - 112.95 )

The Company delivered Results above market expectations & Volume got picked up which took the counter above the resistance level 105

Target 1 - 117.50
Target 2 - 121
Target 2 - 128+
Stoploss - 107.90

Stock Watch ... ( Monthly Hold )

Infosys Technologies -- 1800 +
Reliance Communication -- 540 +
Gujarat Mineral Development Corp -- 325 +
Mundra port & Sez Limited -- 650 +

Stock Watch ... ( High Risk high Return )

Buy Sandur Manganes & IronOres
Buy Aditya Birla Nuvo

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