Thursday 29 January 2009

WINNING STROKES: THINK DIFFERENT:
My recommended (Yesterday) Vijay Shanti Builders Ltd hit the buyer freeze in early trade. The company has huge land holdings.
U B Engineering Ltd hits another buyer freeze. The company came out with superb numbers for the Q3FY09.
My recommended Rolta Ltd is up more than 5% in the early trade. The company gets 60% of revenues from the domestic market.
Phoenix International Ltd hit the buyer freeze. The company would get benefitted as Focus Energy Ltd is coming up with gas production from 2009.
Today PAID GROUPS were suggested to buy Pyramid Symeria Theatres Ltd (BSE Code-->532791) a the CMP of Rs.24.5--Rs.25.5. The company came out better than expected results for the Q3FY09. The stock is available at the price of penny at current market price. The company hopes to cut down on the expenditure to tide over the current downturn. The stock is heading towards Rs.51-Rs.52 mark in the next few days time frame.
Now what to do with Satyam Computer Service Ltd and Hanung Toys Ltd, after both of them gave phenomenal returns to the investors in the short term. I had been accumulating Satyam Computer Services Ltd from Rs.18.5 and I had mentioned that many times in this Yahoo Group SumanSpeaks and in this blog??!! This part for the PAID GROUPS.
The discount Package for the Subscription to the Paid Groups ends tomorrow, i.e. 31st January, 2009 (31-01-09). Please note that after the said date, (31-01-09) no request for discounts will be entertained or will be summarily rejected.
Sustained selling pressure in index pivotals kept key benchmark indices depressed in mid-morning trade. However recovery in index heavyweight Reliance Industries helped bourses cut some early losses. Markets across the globe retreated on the back of poor global economic economic data. The BSE 30-share Sensex was down 68.82 points, or 0.74%, off close to 80 points from the day's low. Recent selling by the foreign institutional investors also weighed on the sentiment.
Asian markets were trading lower today, 30 January 2009 as a record crash in Japanese production and lower profit forecasts fueled anxiety among investors that the global recession is expanding. The key benchmark indices in Hong Kong, Japan, Singapore and South Korea fell by between 0.48% to 3.59%.
US stocks slumped on Thursday, 29 January 2009, after weaker than expected jobless claims, new home sales and manufactured goods` orders and amid concerns over company earnings. The Dow Jones industrial average declined 226.44 points, or 2.70%, to end at 8,149.01. The Standard & Poor`s 500 index slipped 28.95 points, or 3.31%, to settle at 845. The Nasdaq Composite index fell 50.50 points, or 3.24%, to 1,507.84.
Poor economic data took its toll on global markets. US initial jobless claims surged to a record, rising by 3,000 last week to 588,000. Also the US Durable-goods orders edged lower for the fifth consecutive month; declining 2.6% in December 2008. US new-home sales fell to an all-time low; tumbling 14.7% to 331,000 annual rate, the slowest pace on record. Japan's factory output slumped 9.6% in December 2009.
Foreign institutional investors (FIIs) are in selling mode after an inflow of Rs 1319.10 crore in December 2008. Their outflow in January 2009 totaled Rs 4508.80 crore (till 28 January 2009).
According to provisional data on NSE, FIIs were net sellers worth Rs 84.64 crore while mutual funds bought shares worth Rs 580.11 crore on Thursday, 29 January 2009.
At 11:26 IST, the BSE 30-share Sensex was down 68.82 points, or 0.74%, to 9,168.65. The Sensex fell 36.79 points at the day's high of 9,199.49 in mid-morning trade. The Sensex fell 148.92 points at the day's low of 9,087.36 in early trade.
The S&P CNX Nifty fell 15.75 points, or 0.56%, to 2,805.85.
Key benchmark indices ended slightly lower on Thursday, 29 January 2009 snapping two-day gains, in what was a highly volatile trade. The BSE 30-share Sensex was down 21.19 points, or 0.23%, to 9,236.28 and the S&P CNX Nifty fell 25.55 points, or 0.9%, to 2,823.95, on that day.
The market breadth, indicating the overall health of the market, was weak on BSE with 885 shares advancing as compared with 995 that declined. 104 shares remained unchanged.
Among the 30-share Sensex pack, 22 fell while the rest advanced. Tata Steel, Sterlite Industries, Hindalco Industries, Jaiprakash Associates, Tata Power Company, Reliance Infrastructure, fell by between 1.2% to 2.48%.
India's largest private sector company by market capitalization and oil refiner Reliance Industries (RIL) fell 0.16% to Rs 1,266. The stock recovered from day's low of Rs 1242.05.
However India's largest oil exploration firm by revenue ONGC rose 1.87%.
Oil was steady under $42 a barrel on Friday, after falling nearly 2 percent overnight, weighed down by another round of grim U.S. economic data reflecting faltering demand in the world's top energy consumer. U.S. crude was up 27 cents a barrel at $41.71, off an intraday low of $41.31 today.
Power stocks fell. NTPC, Power Grid Corporation of India and Tata Power Company, Reliance Infrastructure and Reliance Power fell by between 0.62% to 2.9%.
India's largest pharma company by market capitalization Sun Pharmaceuticals Industries slumped 7.63% ahead of its Q3 December 2008 result today.
Capital goods stocks fell on worries slowing economy would crimp orders. BEML, Siemens, Thermax, Praj Industries, Crompton Greaves fell by between 0.19% to 5.17%.
India's largest electric equipment maker by sales Bharat Heavy Electricals slumped 4.33%. Its net profit rose 2.4% to Rs 790.56 crore on a 21.3% increase in sales to Rs 6022.25 crore in Q3 December 2008 over Q3 December 2007.The company announced the result after the market hours on yesterday.
India's largest engineering and construction firm by sales Larsen & Toubro fell 1.17% ahead of its Q3 December 2008 result today.
Rate sensitive realty stocks fell on recent reports falling interest rates have failed to revive housing demand. DLF, Indiabulls Real Estate, HDIL, Unitech fell by between 1.44% to 1.6%.
Banking stocks fell as fears of rising defaults in a weakening economy and on fall in American Depository Receipts (ADRs) offset hopes a further fall in interest rates may boost lending growth. India's second largest private sector bank by net profit HDFC Bank fell 0.67% as its American depository receipt (ADR) fell 6.15% on Thursday, 29 January 2009.
India's largest bank in terms of assets and branch network State Bank of India slipped 0.26%. Its net profit rose 37.03% to Rs 2478.42 crore on 38.3% rise in total operating income to Rs 21,255.90 crore in Q3 December 2008 over Q3 December 2007. The bank announced the result on 24 January 2008.
India's largest private sector bank by net profit ICICI Bank fell 2.79% as its ADR fell 6.3% overnight. Net profit of ICICI Bank rose 3.41% to Rs 1272.15 crore on 0.1% rise in total operating income to Rs 10,350.62 crore in Q3 December 2008 over Q3 December 2007. The unexpected rise in net profit was because earnings from fees and bond trading offset slowing credit growth and rise in bad loans. The bank announced the result on Saturday, 24 January 2008.
India's largest dedicated housing finance company by total income HDFC fell 1.38%.
Outsourcing focussed IT firms fell as fears a weak global economy would cut the amount firms spent on technology. India's second largest software services exporter Infosys Technologies slipped 0.7% as its ADR fell 2.07% overnight.
India's third largest software services exporter, Wipro dipped 0.84% as its American depository receipt (ADR) fell 4.37% on Thursday, 29 January 2009. The company forecasted a 7% fall in revenue for Q4 March 2009 on global economic downturn and pricing pressure from western clients, at the time of declaring results before market hours on 21 January 2009.
While, India's fifth largest IT exporter by sales HCL Technologies rose 3.5% .Its net profit rose 56.82% to Rs 398.01 crore on 10.97% rise in sales to Rs 1,304.85 crore in Q2 December 2008 over Q1 September 2008.
TCS, India's largest software services exporter by sales fell 1.61%.
India's largest commercial vehicle maker by sales Tata Motors fell 2.42% ahead of its Q3 December 2008 result today.
Suzlon Energy, the world's fifth-largest wind turbine maker, fell 1.68% after it slipped to a loss in the Q3 December 2008 hurt by forex losses and charges on quality issues and said it saw growth coming in only from 2010.
Akruti City fell 9.17% after the company posted a 79% fall in its net profit to Rs 21.7 crore in Q3 December 2008 over Q3 December 2007.
Kilburn Engineering was locked at upper limit of 10% at Rs 20.90 on BSE after its board approved a share buyback worth up to Rs 3.11 crore at an offer price of up to Rs 40 a share.
Bartronics India gained 5.05% after its net profit rose 174.3% in Q3 December 2008 over Q3 December 2007.
GSS America Infotech rose 5.03% after the software services firm's board approved buying back shares at up to Rs 250 a share.

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