Suggestion: Global Market doesn’t seem to be in good shape. American, European, Japan, all markets in trouble and paddling hard to avoid another recession. Definitely Indian markets will also be affected by it but in 30:70 ratio only. We bieng on a stronger side unless something really bad news pop in. This is the right time to enter in market with investment in all sectors but in small pieces for a term of six months atleast. I prefer Reality and Infra too at this juncture.
Tips:
Buy GVK Power
Tgt: 22
Stpls: 15.5
Buy Unitech
Tgt: 33
Stpls: 28.25
Buy Chambal Fertilisers
Tgt: 98
Stpls: 86
Buy Renuka Sugars
Tgt: 70
Stpls: 58
Sell DLF
Tgt: 200
Stpls: 216
HOT STOCKS:
To Buy: NMDC, GVK Power and Infra, Lanco Infra, HDIL, PFC, Jaiprakash Associates, SAIL,
To Sell: RIL, NTPC, Aurbindo Pharma, Strelite Industries
MFs to Buy:
Diversified 1) HDFC MidCap Opportunities (G) , 2) IDFC Small&Midcap Eqty (G)
ELSS: 1) Axis Tax Saver Fund (G), 2) ICICI Pru Tax Plan (G)
Debt: 1) Can Robeco Float Rate-STP (G) 2) Templeton India IBA (G)
New Fund Offers: 1) ICICI Pru Multiple Yield-Plan C (G), 2) Edelweiss Select Midcap Fund (G)
Upcoming IPO’s: 1) Tree House Edu.(Aug 10- Aug12)
NEWS FRONT
1. L&T gets three overseas orders worth $889 mln
2. Sesa Goa , a subsidiary of Vedanta Resources, today said it will buy 51% stake in an iron ore making firm in Liberia for USD 90 million in an all-cash deal.
3. The United States lost its top-notch AAA credit rating from Standard & Poor's
4. Infrastructure finance company Srei will soon be raising a $500 million venture capital fund from global investors, to be deployed in domestic projects
5. NTPC Consultancy division has bagged order worth Rs 24.54 crore from Maharashtra State Power Generation Company Ltd
6. As one of the 15-largest foreign creditors to the US, India’s exposure to the United States’ ballooning debts is estimated at $41 billion - higher than the money America owes to countries like France and Australia
7.State run Coal India and drug maker Sun Pharma will enter the coveted league of 30 Sensex companies on Monday, ending an over five-year journey of the Anil Ambani group firms Reliance Communications (RCom) and Reliance Infra (R-Infra). The exit of the two has left the Anil Ambani group unrepresented in the Sensex.
CORPORATE RESULTS
1. Escorts Ltd on Friday reported a 71.18 per cent dip in net profit at Rs 13.2 crore for the third quarter ended June 2011
2. Fortis Malar Hospitals Ltd, a subsidiary of Fortis Healthcare (India) Ltd, has registered a 75 per cent year-on-year growth in net profit for the first quarter of financial year 2012 at Rs 1.11 crore (Rs 0.63 crore)
3. GVK Power & Infrastructure Ltd (GVKPIL) has registered a higher net profit of Rs 58.92 crore for the first quarter ended June 30, 2011, against Rs 33.92 crore it logged for the corresponding quarter last year on a consolidated basis.
4. Divi's Laboratories Ltd's net profit increased 19.8 per cent at Rs 103 crore on standalone basis in the first quarter ended June 30, 2011, compared with Rs 86 crore in the corresponding quarter of the previous year
5. Aurobindo Pharma Ltd posted consolidated net loss of Rs 123 crore in the first quarter ended June 30, 2011
6. Britannia Industries Ltd posted a 27 per cent growth in net profit at Rs 42 crore for the quarter ended June 30, against Rs 33 crore during the corresponding period last year
7. Power equipment and EPC player Diamond Power Infrastructure Ltd (DPIL) on Friday reported a 6 per cent fall in its net profit and a 3 per cent decrease in net sales in the first quarter of 2011-12
Remarks: My best wishes are with all the traders and hope you would like them. For any queries contact me personally on +91-9873233952
