SSKI - Reports

Jet AirwaysJet Airways (Jet) has registered a 25% growth in revenues for FY07 at Rs70.5bn. EBITDAR for the year stood at Rs3.6bn and net profit at Rs280m. While domestic operations grew at 15% to Rs57bn, international operations grew by a remarkable 100% at Rs13.5bn. Furthermore, the contribution from international operations grew to 20% in FY07 as against 12% in FY06.In a year where the industry has lost close to $400mn, Jet has managed to turnaround its operations starting in Q3FY07. Even in a traditionally slow fourth quarter, Jet has reported...

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Inflation at 14-mth low, no policy change seen

India's inflation rate fell more than expected to a 14-month low in mid-June, but analysts said on Friday that firm manufactured product prices and data revisions meant the Reserve Bank of India had no room to relax policy now.Separate data showed the current account balance swung into surplus in the March quarter from a deficit at the end of 2006, helped by Indians overseas sending money home.The widely tracked wholesale price index rose 4.03 percent in the 12 months to June 16, slowing from an annual rise of 4.28 percent a week earlier and well...

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Sharekhan Investor's Eye ,June 29, 2007

Tata TeaCluster: Apple GreenRecommendation: BuyPrice target: Under reviewCurrent market price: Rs853Eyeing SnappleKey points As per media reports Tata Tea is bidding for the Snapple range of fruit drinks, diet drinks and iced tea coming from the portfolio of Cadbury Schweppes. Cadbury Schweppes, which makes a range of soft drinks and confectionary including Dairy Milk chocolate, Trident chewing gum and Snapple juice drinks, is in the process of spinning off its US beverage unit. If Tata Tea is successful in acquiring Snapple, the brand would stimulate...

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Weekly Stock Recommendations

IDFCCMP: Rs 131.80Target price: Rs 162 Morgan Stanley has maintained its ‘overweight’ rating on IDFC, but increased its price target for the stock from Rs 130 to Rs 162. “Strong infrastructure spending should enable IDFC to book healthy revenues across businesses – lending, syndication, investment banking products, private equity and proprietary trading,” the Morgan Stanley note to clients said.“While valuations appear full – 25.3 times F2008(estimated) earnings and 3.1 times book – in line with private banks, private equity (PE) and proprietary...

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TCS explores merger of group firms

The country's leading information technology (IT) services provider, Tata Consultancy Services (TCS), will explore the option of merging some of its group companies.Speaking at the company's second Annual General Meeting (AGM), Tata Group chairman, Ratan N Tata, said: "It makes sense merging some of the group companies. However, Tata Elxsi is into animation and will be a standalone business." He, however, did not specify any name. IT solutions provider CMC, Elxsi and Tata Technologies are the other IT companies of the group.The company mangement...

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Results - SUN TV, PFIZER,TVS MOTOR,BANKING

Results - SUN TV, PFIZER,TVS MOTOR,BANK...

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Nifty strikes lifetime high; Sensex at second best close

The market surged today on renewed buying in index pivotals on smooth rollover of positions from the June 2007 series to the July 2007 series in the derivatives segment, and on build-up of fresh positions. The June 2007 derivatives contracts expired on Thursday, 28 June 2007. Data showing a further fall in inflation aided the rally.Shares from banking, sugar, cement and capital goods sector rose while some profit booking was seen in metal stocks. Among sectoral indices, Bankex, BSE Mid-Cap, BSE Consumer Durables, BSE Capital Goods, all struck lifetime...

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Market may scale record high

The market may extend last week's gains following the smooth rollover of positions from the June 2007 series to the July 2007 series in the derivatives segment, and on build-up of fresh positions. The June 2007 derivatives contracts expired on Thursday, 28 June 2007. As per market data, Nifty futures witnessed a rollover of 65% to 70% whereas stock futures saw rollover of around 70% to 73%, to July 2007 series from June 2007 seriesBoth the Sensex and Nifty are now within striking distance from their all time highs. The benchmark index, BSE Sensex...

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June 2007 Newsletter - ECOSELECT

June 2007 Newslet...

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7 common investment mistakes

The other day I got a call from a friend. He wanted to know my opinion on 'Stock A', which was proposed to him by an old hand in the stock market. He was told that the stock would double in a few months and the person who had recommended the stock also had bought some. I told him that this stock was crap and unless an operator was running the stock, I did not see strong reasons on why this stock would double.I said this not because I have the ability to spot stocks that will double in very short periods of time, but because I am yet to come across...

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How to win in the stock market

-Amit Trivedi, Moneycontrol.comIt is the very characteristic of the securities markets to swing from one end to the other depending on the popular mood and in such times, those who can separate reason from emotion can spot opportunities.As Sir John Templeton puts it, "To buy when others are despondently selling and sell when others are avidly buying requires the greatest fortitude and pays the greatest potential reward."But how does one act contrarian? There is an adage in the stock markets, "Do not catch a falling knife."Well, there is an answer...

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BEML FPO Analysis - EDELWEISS

BEML FPO Analysis...

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Spice IPO-Over subscribed 37 times

The initial public offer of mobile service provider Spice Communications has got subscribed over 37 times on its last day on Wednesday.The IPO received bids for 425.38 crore shares against 11.3 crore shares on offer, latest data available on the stock exchanges show.The QIB portion had received subscriptions of more than 5 times the reserved shares with major demand coming from foreign institutional investors till yesterday.Spice Communications expects to raise up to Rs 520 crore through its maiden public offering at a price band of Rs 41- 46 per...

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Easing inflation may cap interest rates -Chidambaram

Finance Minister P.Chidambaram said on 27 June that central bank policy tightening and currency strength had helped to moderate inflation and more rate rises may not be needed if the trend continues.“So far central bank actions have moderated inflation. The rupee rise has also helped moderate inflation to some extent,” Chidambaram told reporters on the sidelines of a conference in London.“If inflation is contained at current levels and shows a decline, there is no reason why interest rates should go up.”Last week, data showed India’s wholesale...

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Auto, metal stocks lead Sensex fall

Weak global cues and choppy trading ahead of the expiry of the June F&O series ensured that the market remained in the red today. Despite weak Asian markets the Sensex opened on a positive note but soon slipped into the red on selling pressure in heavyweights and metal stocks. The Sensex fell sharply as investors sold for profits and touched the early low of 14433. However, buying at lower levels by the afternoon saw the Sensex pare most of its losses, but the benchmark index again tumbled on unabated selling in public sector, metal and auto...

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A bricks & mortar economy

It is almost impossible to live in an Indian city right now and miss the obvious signs of the construction mania that has gripped the country.There is a profusion of new residential towers, malls, office blocks and IT parks sprouting from the urban soil, like wild grass after the first rain. Our cityscapes are changing dramatically, thanks to the new piles of brick and mortar all around us. But do we realize that the building craze is altering our economic landscape as well?Let’s start with the stock market. The DLF share will be open for trading...

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Blackstone v ICICI Bank

Here are seven reasons why investing in ICICI Bank is better than investing in Blackstone.1. ICICI Bank is managing assets of $79 billion, compared to Blackstone managing assets of about $88 billion. The major difference in these two asset bases is that ICICI has much larger customer base in the Indian middle class, whereas Blackstone is managing money for large institutions and rich people.2. ICICI is biggest Indian bank by market cap (about $22 billion) and the second largest Indian bank in terms of assets. Even with this market cap, it is only...

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Sensex posts modest gains

Side counters hog limelight in range bound market The market settled with marginal gains in volatile session. Volatility was witnessed in late trade. There has been a lack of direction on the bourses since the past few trading sessions due to absence of any trigger. Shares from consumer durables sector surged, while IT stocks saw some unwinding in late trade, after opening firm.The 30-shares BSE Sensex posted marginal gain of 13.36 points or 0.09% to 14,501.08. It opened slightly lower at 14,478.75 tracking weak global markets. It was also Sensex's...

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Sanjay Chhabria recomends "CHEVIOT"

Sanjay Chhabria is an equity analyst and investment consultant based at Raipur (Chhattisgarh). At the time of writing this, he doesn't have any position in the stock mentioned above. He brings out a weekly Investment newsletter Market-View to help investors take an informed investment decision. He invites Readers to send him email to get free 1 week trial offer of Market -View. He welcomes comments, feedback & investor queries at valueinv@sify.com. Under no circumstances does the information in this report represent a recommendation to buy...

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New IPO - 'Everonn'

Chennai-based education and learning solutions company Everonn Systems India is tapping the capital markets with a public issue of Rs 50 crore. The price band has been fixed between Rs 125 and Rs 140 per share of Rs 10 each.With a current authorised capital of 16 million shares and paid-up capital of 10.28 million shares, the company will increase its issued shares by 35.71 lakh at the lower end of the IPO band and 40 lakh shares at the upper end. The company plans listings on both the Bombay Stock Exchange (BSE) and the National Stock Exchange...

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Short-term Trading Calls

Buy Bank of India with stop loss of Rs 185 for a target of Rs 310.Buy GBN with stop loss of Rs 875 for a target of Rs 1200Buy Sun Pharma with stop loss of Rs 1020 for a short-term target of Rs 1196.Buy PBA Infrastructure with stop loss of Rs 72 for a target of Rs ...

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Index shines in range bound market

The benchmark index, BSE Sensex oscillated about 105 points in the day’s trading session, without much movement on either side. It started firm, but later pared gains, since early afternoon session, tracking weak global markets. All the European indices opened lower, while a majority of Asian markets were trading weak. IT and auto stocks were under selling pressure. Shares from capital goods sector saw buying with the BSE capital goods index striking an all time high.The 30-share BSE Sensex gained 20.36 points or 0.14% at 14,487.72. It opened slightly...

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Stock Ideas for the Week

Buy PNB at Rs517 with SL of Rs509 and target of Rs532, 537Buy Dr Reddy’s Labs at Rs651 with SL of Rs641 and target of Rs670, 676Buy HCC at Rs114 with SL of Rs109 and target of Rs122, 126Buy Sun TV at Rs1636 with SL of Rs1618 and target of Rs1675, 1685Buy NDTV at Rs399 with SL of Rs391 and target of Rs414, ...

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Sharekhan Investor's Eye, June 22, 2007

Tata MotorsCluster: Apple GreenRecommendation: BuyPrice target: Rs792Current market price: Rs685Annual report reviewWe have analysed the recently released annual report of Tata Motors (TAMO) and present the highlights below.Key points *TAMO had a good FY2007, registering a 32.3% growth in its top line and a 37.5% growth in its bottom line. The medium and heavy commercial vehicle (M&HCV) sales volumes picked up splendidly during the year, led by a strong growth in the freight availability and the Supreme Court's ban on the overloading of trucks....

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IPO - HDIL: Invest at cut-off

Established business in the Mumbai Metropolitan Region (MMR), land reserve in the prime areas of Mumbai and the relatively attractive offer price band are the key positives for the initial public offer of Housing Development and Infrastructure Ltd (HDIL). Operations in slum rehabilitation projects which involve uncertainties and track record of deriving a chunk of revenues through the sale of development rights or floor space that it receives through the slum rehabilitation schemes are risk factors to the IPO.As the IPO is priced is at a discount...

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