Stock Trading Tips-10th July 2009

Suggestion: Time to be very careful in Market. Keep coming Budget in Mind and buy stocks with good analysis of budget.

Tips:
Buy State Bank of India
Tgt: 1645
Stpls: 1581
Buy Suzlon
Tgt: 92
Stpls: 84
Buy Unitech
Tgt: 76
Stpls: 65
Buy Hindustan Unilever
Tgt: 286
Stpls: 260
Buy Nagarjuna Fertlisers
Tgt: 42
Stpls: 30
Buy Marico
Tgt: 91
Stpls: 78

HOT STOCKS:
To Buy:Videocon, Chambal Fertilisers, GTL Infra, Selmcl, Sterlite Industries, Essar Oil
To Sell: Cairn India, Moser Baer, Axis Bank, Canara Bank

MFs to Buy:
Diversified: 1) UTI Dividend Yield Fund (G) (G), 2) Birla SL Dividend Yield (G)
ELSS: 1) Sundaram Tax Saver (G), 2) HSBC Tax Saver Equity Fund (G)
Balanced: 1) UTI Childrens Career Balanced (G) 2) UTI CRTS 81(G)
Debt: 1) HDFC Floating Rate Inc- LTP (G) 2) LIC MF Floating Rate Fund (G)

New Fund Offers: NIL
Upcoming IPO’s:NIL

NEWS FRONT
1. Govt not considering 10% BHEL stake sale
2. Naik sells L&T shares worth Rs 6.42 cr
3. Maytas Infra to execute orders worth Rs 8,000 cr: Director
4. Bajaj to launch 100 cc bike on July 27
5. Two Wockhardt promoters revoke 53 lakh shares
6. Grasim Industries restarts production at Nagda unit
7. Moser Baer loss widens to Rs 151 cr in FY-09
8. Refined soya oil futures down 3%

BUDGET 2009-10
1. Govt to pump in Rs 2,080 cr for power development
2. Rs 500 cr allocated for Lankan Tamil's rehabilitation
3. Addl Rs 7,000 cr for rural electrification
4. Addl excise duty on big cars cut
5. Govt announces Rs 12,000-cr for rural roads
6. Home ministry gets 33% hike in Budget
7. I-T exemption raised; sops for exporters, The exemption limit for income tax for women raised by Rs 10,000 to Rs 190,000. For all others, exemption limit raised by Rs 10,000 from Rs 150,000
8. Bank, PSU stocks nosedive 6% as budget disappoints
9. Gold prices set to rise with hike in import duty
10. Duties on life-saving drugs reduced, breast cancer, hepatitis-B, rheumatic arthritis, etc.
11. Set top boxes to cost more
12. Fringe Benefit Tax abolished
13. Commodities Transaction Tax abolished
14. First Unique Identification Card to citizens to roll out in 12-18 months. FM proposed Rs 120 crore (Rs 1.2 billion) for the project
15. 100 per cent tax deduction for donations for electoral funds to improve transparency in political funding
16. Minimum Alternate Tax on book profits increased to 15 per cent from 10 per cent

CORPORATE RESULTS
1. Ansal Properties net dips 81%
2. Unitech net down 28%
3. Greenply net down 1% at Rs 8.5 cr
4. Resurgence Mines & Minerals net dips 66%
5. Motherson Sumi Q3 profit up 19.47%
6. Patel Engineering Q4 net up 25% at Rs 63.22 cr
7. Tulip Telecom Q4 net up 60%
8. Hindalco Industries consolidated net down 78%
9. Ackruti City net profit dips 12% at Rs 264.73 cr
10. Fortis Healthcare Q4 net profit at Rs 6.69 cr
11. Gitanjali Gems consolidated net dips 6%
12. Bombay Rayon Fashions consolidated net profit at Rs 136 cr
13. Gemini Communication consolidated net dips 63%
14. Simplex Infra Q4 net at Rs 29 cr
15. Koutons Retail posts Rs 35.82 cr net in Q4

Remarks: My best wishes are with all the traders and hope you would like them. For any queries contact me personally on +91-9873233952