Stock Trading Tips-16th 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 PFC
Tgt: 236
Stpls: 212
Buy IDBI
Tgt: 112
Stpls: 94
Buy GMR Infra
Tgt: 148
Stpls: 132
Buy IBN18 Broadcast Ltd.
Tgt: 114
Stpls: 97
Buy Visa Steel
Tgt: 38
Stpls: 25
Buy 3i infotech
Tgt: 82
Stpls: 67

HOT STOCKS:
To Buy:Unitech, Omaxe, Central Bank, Hanung Toys, IDFC, IFCI
To Sell: Gitanjali Gems

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 plans to amend M M (D&R) Act
2. OMCs told to clear backlog on LPG connections
3. 3i Infotech in pact with Chinese partner to acquire JV
4. IDBI Bank Q1 net up 76% at Rs 172 cr
5. Govt mulls equity infusion, soft loan as AI losses touch Rs 7,200 cr
6. Raj Oil plans to raise up to Rs 114 crore from IPO
7. Suzlon's REpower unit wins 150 mw order
8. MMTC to sell 2,500 t of Australian dun peas

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
16. Geojit BNP Paribas Q1 net up 86%
17. Shiv Vani Oil Q1 net profit up 16%
18. IDBI Bank Q1 net up 76% at Rs 172 cr
19. PFC Q1 net up 87%
20. IBN18 Broadcast Q1 net profit at Rs 5.90-cr


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