Nov 7, 2007

Delivery Pick's .... 07/11/07

The Markets have been volatile in the past few trading session giving an intraday swing of over 600 points. Stock like Rpl & Rnrl saw a huge selloff in yesterday's trading session, Capital goods & Engineering Sector are in the limelight and are seeing good buying on lower levels.

Buy Ongc ( @ Cmp )

Target 1 -- 1360
Target 2 -- 1395
Target 3 -- 1410 +
Stoploss -- 1282.50

ONGC 1 Year Investment Target -- 1800 +

Note : The Crude oils prices are on a high in the international market which will one of the key triggers for the stock. The company will see improved refining margins in coming time if the crude remains at the same levels in coming time .

Ovl the Overseas arm of the company is on an expansion mode & will see growth in coming times. Some key facts :

OVL has presence in 43 blocks in 15 countries
In 14 blocks, it is the operator, in 3 a joint operator
It has the largest number of blocks in Myanmar (5) and Brazil (4)
It has 3 blocks each in Sudan, Vietnam, Libya and Nigeria
OVL is seeking a 30 per cent stake from Malaysian company Petronas in Block 8 in Blue Nile Basin

Buy Gail India ( @ Cmp )

Target 1 - 490
Target 2 - 510
Target 3 - 525
Stoploss -- 429

Note : The stock has run up sharply in past 1 month & has shown good buying on regular basis . Gail india is on an expansion mode with
reports that the company is looking at acquiring stake in a Nigerian LNG plant and has expressed interest in setting up a gas-based petrochemical plant.

GAIL is scouting for LNG for the 2,184 MW Dhabol power plant in Maharashtra and also for meeting the gas deficit in the country.

Gail India 1 Year Investment Target -- 600 +

Note : Management of both Companies have declared to Consider Bonus in Coming time

Buy ITC ( @ Cmp )

Target 1 -- 180
Target 2 -- 187
Target 3 -- 194 +
Stoploss -- 165.50

Note : Itc is one of the well diversified fmcg company with presence across growing sectors like hospitality,Lifestyle Products,Clothing,Paper & Newly launched Food & snacks Brand Bingo which has shown good potential in term of growth. With the Cigarette Business Doing good the company will see good volumes in all its business verticals & the stock will see a upmove in coming time.

ITC is planning to list is it Business arm ITC INFOTECH in next financial year will all see some value unlocking for the current & future shareholders of the company. On the result front the Company has delivered Results Better then expected in each Quarter.

ITC 6 Months Investment Target - 225 +


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