Stock Trading Tips-7th 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 Nagarjuna Fertlisers
Tgt: 45
Stpls: 33
Buy Selmcl
Tgt: 80
Stpls: 62
Buy HDIL
Tgt: 238
Stpls: 218
Buy Gitanjali Gems
Tgt: 122
Stpls: 97
Buy Unitech
Tgt: 82
Stpls: 70


HOT STOCKS:
To Buy:GMR Infra, Dena Bank, Punj Lloyd, Marico, Adani Power, GVK Power
To Sell: ICICI Bank, IDFC, IDBI


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

ECONOMIC TIMES
1. Satyam shareholders cold to Tech Mahindra open offer
2. Govt announces Rs 12,000-cr for rural roads
3. Pension funds welcome move to exempt NPS Trust from STT
4. Infra stocks plunge on Budget announcements
5. Jindal Hotels to raise Rs 4.95 cr via pref issue
6. Commodity market hails CTT abolition
7. Prakash Ind board okays raising Rs 500 cr
8. ADB, Citi to offer $1.5 b in trade finance to Asian markets

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