Govt offers fin relief to realty cos

[Editor: This is expected to be a sort of boon for the established real estate players like DLF Ltd (Rs.149.90), Unitech Ltd (Rs.5.25), Parsvnath Developers Ltd (Rs.16.80), HCC Ltd (Rs.35.55), etc. who are reeling under high debt burden; with a squeeze on cash flow. I continue to maintain a buy on Unitech Ltd with short term targets of Rs.9-12] 

Sep 1, 2016:  The government on Wednesday announced a package to ease the financial stress on construction companies, including a possible loan restructuring package for the real estate sector — a move that could prompt property developers to resume work on stalled projects.

"The department of financial services and the RBI will try and prepare a policy on how to deal with those companies which have got a lot of stressed assets in the real estate sector. We hope that a series of these decisions would pump in a lot of liquidity in the sector, activate a lot of real estate and infrastructure projects which have been stranded for some time and support the entire process of dispute resolution in relation to construction and real estate," finance minister Arun Jaitley told reporters after the Union cabinet cleared the package.

As reported by TOI on August 26, the package prepared by the NITI Aayog seeks to ensure release of 75% of funds locked up in projects where an arbitration award has been made in favour of a construction company. In case where the award has been challenged, agencies such as National Highways Authority of India would transfer 75% of the award amount into an escrow account against margin free bank guarantee. This amount can be used to repay loans and generate liquidity besides easing the burden on companies.

"HCC will immediately be able to reduce its debt by almost half as a result and will be able to reduce it even further within 12 to 24 months. With this, HCC will be able to participate in country's infrastructure development in a much bigger way," said HCC chairman and managing director Ajit Gulabchand. The company which is under financial pressure has around Rs.3,000 crore caught in disputes with government agencies.

There is gain for individuals too as some of the real estate developers have delayed delivery of projects citing lack of funds.

"If the banks extend the repayment schedule, developers will use the cash flow in completing the projects instead of repaying the loan. This will help the sector and the economy," said ATS Infrastructure CMD Getamber Anand, who is also heads real estate lobby group Credai.

In case of construction companies the government has sought to speed up the arbitration process, Jaitley said. Public sector companies and the government would seek the consent of contractors to transfer cases initiated under the earlier law to the amended act.

And, to avoid a build-up of cases in future, the government also wants its arms to set up Conciliation Committees to ensure speedy disposal disputes.

Source: The Times of India 

Hindustan Construction Company posts net profit of Rs 5.4 crore in Q3, bets on big orders for a better Q4

Mumbai, Jan 31 2014: Hindustan Construction Company (HCC) registered a standalone net profit of Rs 5.4 crore in the third quarter ended December 31 against a net loss of Rs 38.5 crore in the same period last year.

Total income from operations declined by nearly 15% to R870 crore year-on-year, while the Ebidta margins stood at 20.57% as the company reduced its expenses by a fourth to Rs 713 crore.

HCC’s order backlog stood at Rs 13,388 crore, with new orders worth Rs 2,040 crore this quarter, said a company statement. In addition, the company has L1 contracts worth Rs 1,408 crore.

Praveen Sood, group chief financial officer, HCC, said, “Despite a marginal dip in the turnover, the operational efficiency we have achieved clearly manifests in this quarter. The company will continue to implement measures aimed at further improvement in all financial parameters. Inflow of substantially big orders during the quarter will help to improve the turnover in the next few quarters.”

Courtesy: The Financial Express

Tit - bits

#On Monday (24 February, 2020), the Indian markets are likely to open gap down and the Nifty

is expected to test 1200/11800 zone. The imports from China,  might get costly due to coronavirus epidemic. This will help the companies, who don't use Chinese raw materials to make finished good. However, we could see margin shrinkage in electronic items like TV,  unless their price is raised. But when there is a slowdown in demand, the rise in product prices may actually hit the sales. 

Moreover,  it seems there is a structural breakdown of Indian economy as there is a rise of unemployment along with a raging inflation. Therefore, titillating it with more and more stimulus could lead to hyper inflation.
It is pertinent to mention here that, while,  the US economy is booming, our current dispensation in Delhi, has creatively destroyed, through erroneous policy making. Narendra Modi went to the US at the end of last year ("Howdy Modi") and bluffed the people there, that everything is fine in India. 

#Those who have entered the share of HCC Ltd (Rs.9.30), should accumulate on declines. 

HCC Ltd's Q3FY20 profit came at Rs.234 Cr. It also announced plan to reduce debt by Rs.2,100 crone. 

#The shares of Wockhardt Ltd (Rs.357.60), may test Rs.312/325 before taking a fresh upmove. Wockhardt Ltd has sold a part of its branded biz to Dr Reddy’. The ₹1,850 cr sale deal includes its manufacturing facility at Baddi in Himachal Pradesh. 

#Meanwhile,  there is news in a section of

international media that according to scientists ships and cars can now be powered by ammonia in fertiliser rather than diesel within the next few decades.
In a bid to tackle climate change and C02 emissions, the key ingredient in manure can be harnessed to burn in a ships engine or get mixed with a fuel cell to produce energy in a car. This is a positive news for the fertilizer sector.
Moreover, the ammonia and sulohur prices are expected to fall due to coronavirus outbreak in China. Ammonia is a key raw material for the manufacture of Urea.
According to the industry, the assessed requirement of urea in the rabi season is 16.2 million tonnes, 5.05 million tonnes for DAP, 1.73 million tonnes for MOP and 5.2 million tonne for NPK.
The Muriate of potash (MoP) which is entirely imported have however seen an increase in prices by 4% . ICRA expects these prices to sustain for the most part of rabi season unless the rupee depreciates fuctuates too much. 
The demand for fertilisers will peak in the coming weeks, with farmers continue planting of wheat, mustard, barley, masur and other crops.

#Buy the shares of Sun Pharmaceuticals Ltd at around Rs.404.95, for short term targets of Rs.431/436. SL: Rs.396.

I feel it would not be an exaggeration to mention that most of the manufacturing units related to Sun Pharma's supply chain are quite far away from the epicentre of coronavirus epidemic and hence its API will have bare minimum negative effect; due to the ongoing havoc in China. 

India eases FDI rules for construction sector

Construction stocks gain on relaxed FDI norms in sector Shares of Hindustan Construction Company (HCC) jumped 8.22 percent while NBCC gained 4.11 percent. Even NCC and IVRCL were up over 6 percent.

Dec 03, 2014: Aimed at attracting foreign investment into the realty sector, the government Wednesday relaxed rules for FDI in the construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms. 

The news sent all major construction company stocks buzzing with Hindustan Construction Company   (HCC) jumping 8.22 percent and NBCC   gaining 4.11 percent. Even NCC   and IVRCL were up over 6 percent. 

The revised norms relating to construction development sector, which were earlier approved by the Cabinet, have been notified the Department of Industrial Policy and Promotion (DIPP). India allows 100 percent FDI in the sector through automatic route. 

In view of depleting FDI inflow in construction and real estate sector in last couple of years, the government has reduced the minimum floor area to 20,000 sq mt from the earlier 50,000 sq mt. It also brought down the minimum capital requirement to USD 5 million from USD 10 million. 

In case of development of serviced plots, the condition of minimum land of 10 hectares has been completely removed, said the Consolidated FDI Policy Circular 2014. Although 100 percent foreign direct investment was allowed in townships, housing and built-up infrastructure and construction developments since 2005, the government had imposed certain conditions. 

Government expects the new measures would result in enhanced inflows into the construction development sector. The sector is also likely to attract investments in new areas and encourage development of plots for serviced housing given the shortage of land in and around urban agglomerations as well as the high cost of land. 

The measures are also likely to result in creation of much needed low-cost affordable housing in the country and development of smart cities. The revised policy is in line with the Budget 2014-15 announcement.

Courtesy: Moneycontrol.com (except the headline). 

WINNING STROKES: THINK DIFFERENT

The dream run of Shree Ganesh Jewelry House (I) Ltd has at last began, with the scrip touching Rs.34.20, intra-day. The scrip is expected to touch Rs.41-42, in the short term. One should accumulate it on all declines. Q4FY14 results are expected to be better than Q3FY14. 

Glodyne Technoserve Ltd hit another buyer freeze in the mid-afternoon trade at Rs.6.83. The scrip was asked to be recommended to the Paid Groups at Rs.4.92. 

Unitech Ltd recommended a couple of days back to the Premium Members at Rs.15.70, today touched Rs.17.34 before closing at Rs.1.85. The scrip is slowly moving towards Rs.21-22. 

Jai Balaji Industries Ltd which I bought for some of my clients at around Rs.12.30, for whom I do the trading, today hit another buyer Freeze at Rs.13.37. The current market cap of the company at Rs.89.90 Cr is simply a joke considering the enterprise value of the company including its mines. I expect the scrip to hit non-stop buyer freezes in the coming days. Buy the scrip on any given opportunity, as the scrip could be heading towards Rs.29-30, in the coming days. 

A2Z Maintenance and Engineering Services Ltd today touched Rs.12.70, before cooling down at Rs.12.09 at the end of the day. The company has completed a master restructuring plan and has order book in hand. The company henceforth is expected to do much better, according to my close sources. Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd. (AMEL) is an established EPC company provides services to the power transmission and distribution sector with a focus primarily on the distribution segment. The company has diversified its EPC services to power generation companies and companies in other sectors such as road and telecommunications. In addition, the company is also in other businesses such as (i) power generation from renewable energy sources; (ii) municipal solid waste management services (iii) facility management services; and (iv) developing information technology solutions for power utilities. The power sector in India is slowly moving from a regulated return framework to a market driven pricing mechanism. This is providing a major boost for private entrepreneurs to enter the power sector and set up projects. Demand for engineering, procurement and construction services in the power transmission lines and power distribution businesses is largely dependent on development, demand and new investments in the power generation, transmission and distribution sectors. AMEL is engaged in the FMS business (Facility Management Services) since its incorporation in 2002.  The company’s services in the FMS business include engineering maintenance (mechanical, plumbing, electrical, HVAC, DG Set), energy saving solutions, janitorial services, parking management, property lease management, telecommunications tower maintenance and security services to public and private sector clients. AMEL has also diversified into the Power IT Solutions business, where it executes projects as a systems integrator by developing solutions for aggregate technical and commercial (AT&C) loss reduction in India. The ace investor Rakesh Jhunjhunwala is still holding a substantial stake in the company. I am expecting the scrip to cross Rs.20, in the short term, as at present there is no negative news. 

Allied Digital Services Ltd (ADSL) which was asked to be accumulated around Rs.11-12 today touched Rs.15.80 before cooling down at Rs.15.23. The scrip is moving towards Rs.21-22 in the coming days. Many of the Gujarati management (Nitin Shah is the CMD of ADSL) companies are moving  up fast on the optimism that Narendra Modi could become the next Prime Minister of India. 

There is no stopping of IVRCL Ltd and HCC Ltd as both the scrip moved up in tandem. While IVRCL Ltd touched Rs.16.10 intra-day before closing at Rs.15.80, HCC Ltd (recommended at Rs.12.70-12.80 on 4th February, 2014) closed at Rs.19.20, after touching a high of Rs.19.80 intra-day.

Marg Ltd, which was recommended around Rs.7.65 on 3rd April, 2014, to the Paid Groups, today hit another buyer freeze to close at Rs.9.56. With a BOOK VALUE of Rs.180.91 wait for non-stop buyer freezes in the coming days.

WINNING STROKES: THINK DIFFERENT

Entegra Ltd hit the Upper Circuits in the opening, before coming in for some selling.  Investors should use such dips to accumulate the counter. CMP: Rs.3.48.

Suzlon Ltd which was recommended to the Paid Service members only a couple of days today touched Rs.11.55, before closing at Rs.11.43. The stock could move upto Rs.12.30, before any fresh trigger takes up even higher. 

Today a buy was recommended in HCC Ltd at Rs.12.70-12.80, for a target of Rs.15-17, after the company came out with superb set of Q3FY14 numbers. It touched Rs.13, intra-day before, closing at Rs.12.85. Tomorrow it is expected to open gap  up.

A buy call was given on Shree Ganesh Jewellery House (I) Ltd (Rs.25.20), Gitanjali Gems Ltd (Rs.61.95) and P C Jeweller Ltd (Rs.74)--most of them closed flat indicating that, at any moment the government of India could announce relaxation of Import Duty on Gold. Commodity Trade Mantra  writes on 4th February, 2014: "Since 2010, China has been buying gold and not buying US Treasuries. China’s plan seems to be to acquire a total of 6,000 tonnes of gold to put its holdings on a par with developed countries and to elevate the international appeal of the renminbi. In 2013, China imported over 1,000 tonnes of gold through Hong Kong alone, and it’s likely that as much gold came through other sources. For example, last year the UK shipped 1,400 tonnes of gold to Swiss refiners to recast London bars into forms appropriate for the Asian market. China mines around 430 tonnes of gold per year, so the combination could be 2,430 tonnes of gold snatched up by China in 2013, or 85% of world output. India was expected to import 900 tonnes of gold in 2013, but it may have fallen short because the Indian government has been taxing and restricting imports in a foolish attempt to support its weakening currency. Smugglers are having a field day with the hundred-dollar-per-ounce premiums. Other central banks around the world are estimated to have bought at least 300 tonnes last year, and investors are buying bullion, coins, and jewelry in record numbers. Where is all that gold coming from?".

Market Mantra

Mr. Srikrishna, CEO-Birla Shloka Edutech Ltd., Mr. Derek Price, Chief Executive Officer, Linguaphone Group, Mr. Yash Birla- Chairman, The Yash Birla Group, Mr. Tunku Iskandar- Group Managing Director of the Melewar Group and Mr. Mushtaq Biradar.
File Photo: Indian Corporate Buzz

Yesterday, the market traded very volatile. Nifty continuously traded between 7550 and 7600 almost for entire day and finally giving a close of 7540,  with a net loss of 17 points. Its intra-day high and low were 7606 and 7502 respectively. After nerve-raking volatility of the past few days the Nifty is trading more or less range bound today. Till the morning the BULLS are clearly holding 7530 and 7480 marks and therefore a bounce from here will confirm the advent of the pre-budget rally. The investors are suggested to watch the two levels (7480 / 7530) carefully and take their buy or sell decisions.
RESISTANCE: 7570 / 7600
SUPPORT:  7530 / 7480

Today's' Call: Buy Birla Shloka Edutech Ltd (BSE Code: 511607) at Rs.5--5.08, T--Rs.8. The company is from the reputed Birla Group, where Mr.Yashovardhan Birla is the CMD. Company's Reserves and Surplus stood at Rs.8781.05 Lakhs as of March 31, 2013.
The Company has three subsidiaries i.e.
1. Birla Edutech Limited.
2. Wholly-owned foreign subsidiary, viz. Birla Shloka Edutech ltd.FZE.
3. Ojus Healthcare private Limited
The Company has a curriculum based educational software program viz., ‘XL@school’ as per the syllabus prescribed by different Educational Boards that is designed to impart academic knowledge through electronic media. To cope up with the increased business opportunities, your Company has made considerable investment in research and development areas, ongoing quality enhancement program and infrastructure facilities, etc. The Company has planned to expand its business in Information and Communication Technology (ICT) solution for various government schools segment. The governments are keen to explore the Public Private Partnership (PPP) model for setting up of Schools which the private partner will design, build, finance and manage. The company sees enormous potential in this space for future growth as more and more states are likely to devise and implement similar schemes for Senior Secondary Education and probably in primary education too. The Company is aggressively participating in tenders of various state government projects and vigorously pursuing such initiatives across the country. Moreover, the Book Value of he shares of the company is Rs.50.36 and at Rs.5.08 it has a market cap of only Rs.10.47 Cr. In March, 2014 quarter it showed a turnaround. Risk taking traders can buy at least 10, 000 shares of the company and keep holding. It is a screaming buy at the current market price. 
Resurgere Mines and Minerals Ltd got locked in the Upper Circuits at Rs.2.33, in the morning trade. The scrip has a long way to go. To know the story of the company, either Join the Premium Service or trade through my recommended brokerage  house/s. 
Allied Digital Services Ltd which was strongly recommended a buy a couple of days back today touched Rs.22.75. The scrip could be moving towards Rs.41-42 in the coming days, back positive outlooks in Fundamental and Chatical terrains.
Meanwhile the government of India, has allowed infrastructure finance companies to issue secured debentures with tenure of up to 30 years, a move that will help raise long term funds. This is positive for the Infrastructure companies like IVRCL Ltd (Rs.24), Punj Lloyd Ltd (Rs.56), HCC Ltd (Rs.39), etc. 

Today's Recommendations

# Unitech Ltd (Rs.4.80) and Hindustan Construction Company Ltd (Rs.20.50), like many other real estate companies could be benefited by the shortage of homes in major cities, as almost every CEO planning a big infrastructure project which requires large tracks of land, is saying that the land acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive (for large infrastructure or real estate projects) or in other words the Bill is not conducive for investments. This might generate demand for the land and also property pushing the price up. 

Therefore, accumulate the stock Unitech Ltd at the CMP of Rs.4.80, for a price target of Rs.7.5 and HCC Ltd for a price target of Rs.27-29. 

# Lanco Infrastructure Ltd is on a turnaround path. Therefore, we could see upward movement in the scrip in the short term. Buy at Rs.4.95, for a target of Rs.7-8, in the short term. 

# Reliance Telecommunications Ltd  (Rs.47.80), could benefit, as

the NDA government has announced trading and sharing norms for telecom spectrum. Such norms would allow telecom players to transfer their idle spectrum to other service providers who are facing a spectrum crunch, or pool spectrum to bring together their fragmented spectrum holdings, resulting in better spectral efficiency. Buy the stock at the CMP of Rs.47.80 for short term targets of Rs.57-61.

Photo: Business Today

Now according to a report published in Business Today, July 3, Edition, in the telecom sector, the scenario is changing rapidly. Technology - 3G, 4G, WiMAX - is changing fast, and smaller operators are not in a position to invest adequately to upgrade their networks. On the other hand, the strong network holdings and large investments by big telcos have made it difficult for smaller players to survive on their own. As a result, large operators like Bharti Airtel, Vodafone and Idea Cellular are growing their subscriber base at a significant pace, even as most of the smaller ones see their share of the pie shrinking. The impending launch of Reliance Jio's 4G services, expected to be a big draw for consumers, has further queered the pitch for small telecom companies. This will reduce competitions for big players like Reliance Communications Ltd, too. 

Reliance Communications (RCom), is planning a merger with two smaller telcos - Sistema Shyam TeleServices (SSTL) that operates MTS brand, and Aircel. RCom's and MTS's market shares have been dipping for two years whereas Aircel's is showing marginal uptrend in subscriber numbers. If the merger works out, the new entity will have a subscriber base almost on par with the No. 2, Vodafone.

Analysts believe the merger will give a new lease of life to the three operators. "They would have been completely marginalised in the next two to three years," says an analyst. There are other challenges, including the fact that all three entities have significant debt on their books. As on December 31, 2015, RCom had Rs 40,479 crore of debt while Aircel, about Rs,18,000 crore. An analyst points out that Aircel's Rs.3,500-crore deal (for 2,300-MHz spectrum) with Bharti Airtel will help reduce Aircel's debt. The new entity is expected to have debt of around Rs.28,000 crore - with both RCom and Aircel contributing equally - provided RCom successfully reduces its debt by selling tower and optic fibre businesses.

Experts say that RCom's inability to make sufficient investments in its networks can partly be resolved with its impending tie-up with Reliance Jio, which has already spent Rs 1.5 lakh crore in buying spectrum and building an ecosystem of services around 4G. It is expected to use RCom's spectrum as a fallback network.

Winning Strokes: Think Different

IVRCL Ltd, which was recommended in this blog some days back around Rs.15-15.50, reached the first target of Rs.17 (Intra-day, Rs.17.35) yesterday. According to the Business Standard, October 8, 2014: Indian companies and banks have some reasons to cheer. Stalled projects are finally showing signs of traction, with the Modi government taking steps to revive those projects which were stuck due to policy paralysis and land acquisition problems. Therefore, the time has come to take a more bullish view on Infastructure stocks like IVRCL Ltd, HCC Ltd (Rs.31.20), IRB Infrastructure Ltd (Rs.220.45), etc. 

Gitanjali Gems Ltd today rose to Rs.64.20, before closing at Rs.63, in the BSE. During the last few months the company has taken lot of steps to revamp its operations. But, one thing which needs to be highlighted here is that: Gitanjali Gems Ltd having a face value of Rs.10, Book value Rs.287.39 and market cap of Rs.618.16 Cr is trading only at Rs.63, while Rajesh Exports Ltd of face value, Rs.1 (Not Rs.10), Book Value of Rs.88 (only) has a CMP of Rs.128.50. Moreover, the cash flows in 2013-14,  in the case of Gitanjali Gems Ltd is (negative) Rs.2,966 crore, while in case of Rajesh Exports it is (negative) Rs.2,629 crore. Therefore, it is strange why the share of Gitanjali Gems Ltd is trading at such a low price! Moreover, the silver jewelry exports from India surged by 84.80% year-on-year to touch $234.82 million (Rs.1,430.08 crores) during the month of August this year, while its gold jewelry exports too rose by 10.44% year-on-year to $634.46 million (Rs 3,863.85 crores), in accordance with the latest data released by the Gems and Jewelry Export Promotion Council (GJEPC). With a strong dollar currently depressing the precious metals prices, M Partners Mining Analyst Derek Macpherson believes that fundamentals will kick in eventually and bring prices back up--the dollar has rallied, putting pressure on gold and all other commodities. He further said: "I think we could flirt below $1,200/ounce, but I don't think we'll see an extended period of significantly lower gold prices. We're getting very close to the marginal cost of production for most producers. If that situation lasts for an extended period, mines are likely to start shutting down, and it could swing back to being a supply-and-demand story". Thus while low price of the yellow metal could increase the volume of sales, a sudden spike in the gold price, could also perk up the bottomlines of Jewelry companies. 

Resurgere Mines and Minerals Ltd yesterday closed flat at Rs.1.64 in the BSE, even though the SENSEX tanked by more than 296.02 points. This shows that the scrip has probably formed a permanent bottom and is preparing to move up.  
GLOBAL VECTRA HELICORP LTD (Rs.72.35) was jacked up by some MUMBAI (Bombay) based operators by floating some ROSY STORIES. Now the stock is hitting LOWER CIRCUITS almost on a regular basis. In fact the stock has been on the downtrend since it hit the 52-week high of Rs.93.30 from its low of Rs.9--with a NEGATIVE BOOK VALUE of Rs.6.02, don't get surprised if it falls below Rs.30.

Tit - bits

#The Nifty closed at 11,992.50 down 53.30 points

Photo: Hans India

(-0.44%) taking cues from weak global markets and downgrade of India by the Moody's.

Shares across the globe spooked after iPhone maker Apple Inc said it was unlikely to meet its sales projections because of the coronavirus epidemic in China.
The Nifty would continue to get support around 11800/11900 levels and face resistance around 12100/12150 region. However, with UA economy doing well, the domestic indices would continue to rise due to inflation; even if the India economy is weak. So,  if you are holding the share of a right company at the right price, good ROI is guaranteed over a period. Tomorrow, Indian markets (Nifty) will open gap up of at least 20 points. So,  use intraday dips to buy good shares. 

#Keep away from PSU Bank Stocks, as several media report suggest them having a significant exposures to the telecom operators. Acordoreports, bankers fear a possible collapse of Vodafone Idea Ltd (Rs.3, down 11.76%) will increase bad loans and spark a rerun of the crisis that gripped the banking sector a few years ago. If you are having any PSU Bank shares, kindly exit, as of now. 

#The shares of Yes Bank Ltd fell to Rs.33.65 and closed at Rs.34.80 down 6.33%. I have been suggesting you exit the share since Rs.37/39. 

There are doubts whether, it will be able to manage funds, in tough economic conditions in India. I think it will test new 52 - week low. Stay away. 

#The shares of  National Fertilisers Ltd (Rs.23.75) made fresh 52 week low today,  due to too much pessimism created by media, post cutting of fertilizer subsidy. Also, the NDA government should have paid the pending subsidy dues to the fertilizer companies before embarking on cutting the subsidy, though marginally -- I feel this move in the budget will have minimal negative effect on the bottomlines of fertilizer companies, however, when media creates undue sensation, my voice (or logic) gets drowned.
I had earlier requested the SEBI to take a close look at the counter, to find out if there is cartel out there to hack the scrip down.
Anyway listen, like people need food to survive, similarly we need fertilisers (both bio and chemical, apart Agri chemicals) to meet the demands of ever growing population.
Wherever Indians live, they will have to buy food for their survival. Bio fertilizers, alone are not sufficient to give a push to agricultural outputs. We need all types of fertilizers for this purpose, Nirmala Sitaraman has only spoken about the same in her budget speech -- if the market gives out wrong vibes from a right cause,  then it is unfortunate. Can human beings survive without Food?
Take human example: will you like daal - roti everyday? What you will do in such cases? You may skip meal, isn't? Hence, over use of urea in soils without the adequate use of other fertilisers is having a toll on the productivity of land. If farmers are not getting good margin from their produce, from where they will get more and more cash to buy costly fertilisers (PK - types)?
Too much urea subsidy is screwing the concept of the balanced use of fertilizers. Therefore, urea decontrol is an immediate priority and the NDA government is working on it.
Moreover, National Fertilisers Ltd (Rs.23.75) is a mini Ratna PSU, having excellent book value, P/E ratio, EPS, ROC,  etc. It is also a disinvestment candidate and is into Chemical and Bio fertilizers, apart from having a presence in Agri chemicals. You must have seen many analysts have turned BULLISH on the Chemical sector, post coronavirus epidemic in China. Not only that, it has tied up with a North East based company to sell "Kissan" brand urea. 
Besides, Ramagundam Plant is tentative to start production by 31st March, 2020.
Moreover, after bumper "Kariff" season,  the analysts are expecting a rise in fertilizer demand in Ravi season too. India imports NKP fertilisers -- so demand outpaces supply. I therefore, feel that soon fertiliser scrips (especially those which are also into Agri chemicals) will be RERATED in the backdrop of rising Food  Inflation and Chemical Story emerging out of China, which in turn will  elevate the income of farmers. Annual food inflation around 7% is actually desirable for farmers to stay in business. Retail food inflation climbed up from 3% in August 2019 to 10% in November and rose further to 14% in December 2019, the highest in six years. Much of this hike was driven by a year-on-year rise in prices of vegetables (60%), pulses (15%) and animal proteins (9%), according to a report published in Mint, 21 January, 2020.
Hence, every dip is a buying opportunity, for targets above Rs.50, in NFL. Another interesting point: today,  it closed near the day's high with a whooping delivery volume of 57.31%; giving the hint of a screeching buy. This is an investment grade scrip and hence there is no need to keep SL.
Also,  according to BSE website: National Fertilizers reported Flat Financial performance in Dec-19. The score has improved to -3 from -18 in the last 3 months.
Technicals:

• As per Relative Strength Index, National Fertilizers Ltd. is in over sold range with a value of 9.77.
• As per Relative Strength Index (Smooth), National Fertilizers Ltd. is in over sold range with a value of 27.14.
• As per Williams %R , National Fertilizers Ltd. is in over sold range with a value of -94.03.
• As per CCI , National Fertilizers Ltd. is in over sold range with a value of -100.35.
• As per Slow Stochastic, National Fertilizers Ltd. is in over sold range with a value of 4.41.
• As per Fast Stochastic , National Fertilizers Ltd. is in over sold range with a value of 5.97.

Source: Topstockresearch.com

#Accumulate the shares of Hindustan Construction Company Ltd (HCC Ltd) near Rs.8.40/8.70 for short term targets of Rs.11.50/11.60. The company came out with superb set of numbers for Q3FY20. Also,  the company is looking to reduce debts by substantial amounts. CMP: Rs.8.95.

WINNING STROKES: THINK DIFFERENT

That scrip which was recommended to the Paid Members on 7 May, 2014, has hit another buyer freeze today at Rs.12.16. The stock, has a book value of Rs.39.97 and has 29.97% of equity (stake) in  Haldia Coke and Chemicals Ltd, which in turn hold 60.85% in Ennore Coke Ltd. It is also into Wind Energy in  a major way, and is currently expanding its capacity. What is the name of the company? So, those who have invested Rs.1 lakh in the scrip is getting Rs.5000 plus everyday. Isn't it wonderful? Join the Premium Service before 15th May, 2014, to get such recommended counters at the old rates. After this date, the price of Paid Package would shoot to Rs.10, 000 per year. Also, those who will trade through my recommended brokerage house with a minimum portfolio size of Rs.1 lakhs (Rs.1.5 lakhs from 16 May, 2014), would get the Premium Service Free of Charge. Mail me at: suman2005s@rediffmail.com.

After a long time both the FIIs and DIIs turned net buyers

There is no stopping of IVRCL Ltd as the next government is going to give stress on the infrastructure development. Moreover, IVRCL Ltd is expected to get benefits from the recent government initiatives. It has a huge order book of Rs.20, 000 crore plus and the scrip is trading at Rs.15.11; can you believe? Buy at least 10, 000 shares of the company and keep holding. It will be another HCC Ltd (Rs.22.30, intra-day high) which after being recommended around Rs.12-13 a couple of months back, has almost doubled now. 

Today, Plethico Pharmaceuticals Ltd moved to Rs.39.55 before closing at Rs.38.80. The scrip has fallen more due to bad publicity by the FD holders, who are getting delayed payments of their interests and sometimes redemption amounts, due to some liquidity pressure at the company's end. However, this amount is not of much significance as compared to the 9MFY14 turnover of company which is Rs.1353.31 Crores. According to the sources, the company may also think of converting the debt to equity, on the consent of the CLB (if it permits). Moreover, the company declared a 5:1 bonus issue last year and is waiting for SEBI's approval on the same. Hence, the shares are still cum-bonus as the Bonus issue had been approved by both the BOD and the shareholders. Its Q4FY14 results were satisfactory, due to the spectacular performance of their overseas subsidiaries. However, they are facing stiff competition in the domestic market, which the company is thinking to address very soon. I would therefore, suggest that everyone should buy at least 5000 (five thousand) shares of the company and keep holding, like your fixed deposit with a STRICT STOP LOSS of Rs.36.50. It is a multi-bagger in the making. 
Opto Circuits Ltd today closed with a moderate loss of 1.42% at Rs.31.25. However, after raising of the capital  (funds), the company would regain its form. It is one of the safest scrips in the space in which it performs. Moreover, in Canada Cardiovascular Monitoring and Diagnostic Devices Market Outlook to 2020, the name of Opto Circuits India Limited  has been mentioned along with some well known companies, such as GE Healthcare, Philips Healthcare, Fukuda Denshi Co., Ltd, etc.

My recommended Shiv-Vani Oil and Gas Exploration Ltd today hit the UPPER CIRCUITS  at Rs.14.34, before closing at Rs.13.94. This scrip has formed a bullish pattern on the daily candle stick chart and is expected to move up from here. 

WINNING STROKES: THINK DIFFERENT

Yesterday's "Brahma-Astra" call, Southern Online Bio Technologies Ltd at Rs.4.95-5, today hit 20% buyer freeze at Rs.6;as expected. This scrip, has always given returns to investors, since I started to recommend it. The company's two plant has started to run at optimum capacity, apart from its ISP business and therefore, we are likely to see to some more non-stop Upper Circuits going forward. Like yesterday, today also it rose with good volumes. Meanwhile, the company is coming up with a Prefence Issue at price which is much higher than the CMP of Rs.6.

There is no stopping of IVRCL Ltd as the scrip touched Rs.18.59 intra-day. The company has huge order book and it is rising in tandem with many other construction counters.

That scrip which was recommended on 7 May, 2014 hit another buyer freeze at the opening trade at Rs.13.39. The stock, has a book value of Rs.39.97 and has 29.97% of equity (stake) in  Haldia Coke and Chemicals Ltd, which in turn hold 60.85% in Ennore Coke Ltd. It is also into Wind Energy in  a major way, and is expanding capacity. Join the Premium Service to get such scintillating calls. Also, if you are running losses, then cover all of that, through some correct trades. Do that before 15 May, 2014, after which the price of Paid Service is going to increase. 

Plethico Pharma Ltd today touched a high of Rs.40.30, intra-day before closing almost flat at Rs.38.35. The company is tentative to declare its Q4Fy14 results at the last week of this month, which are likely to be along the expected lines. One should buy the scrip and keep holding as once this scrip starts hitting the UCs, then it is difficult to get hold. There is large scale accumulation going on in the counter. 

My recommended, Ahmednagar Forgings Ltd at Rs.125-126, a couple of months back, today touched Rs.218.75. Congratulations to all those who made money in this scrip. 

My recommended Suzlon Energy Ltd at around Rs.8-9 today touched Rs.15.18. Another of my recommended counter, HCC Ltd at around Rs.12-13 today touched Rs.26.40, in just 3-4 months. Follow this blog and make tons of money.
A2Z Maintenance Engineering Services Ltd today closed flat at Rs.10.18. Once should accumulate the counter and keep holding. The scrip could suddenly start moving up. 
My recommended Shiv Vani Oil and Gas Exploration Ltd moved to Rs.14.49, before closing at Rs.14.23. The scrip is expected to give good returns going forward. One should accumulate it on all declines. 

WINNING STROKES: THINK DIFFERENT

Today, a buy call was given in the shares of Hindustan Construction Company Ltd (HCC Ltd) to the Mobile Premium Group members at Rs.23.30 and to the Web Premium Group members at Rs.23.70. The scrip touched a high of Rs.25.20, intra-before closing at Rs.24.80.  The scrip is likely to cross Rs.30, within a short time. 

Premium Members were today, asked to book profit in Gitanjali Gems Ltd, after it was seen that the scrip was finding difficulty to cross Rs.42. The stock touched an intra-day low of Rs.39, before closing at Rs.39.25.

Rasoya Proteins Ltd today closed at Re.0.26. I will soon speak with the sources and update you about the latest developments. However, the CMD is trying all options to open the main plant, at the earliest. 

My recommended Reliance Communications Ltd at Rs.72, today touched Rs.82.70, before closing at Rs.80.50. Now what to do with this scrip....? These days, unless you are an expert in the equity market, it will be very difficult to make money, even if you get a buy call at the right time because, it is more difficult to sell a scrip than to buy. Therefore, join the MOBILE PREMIUM GROUP, to make maximum from the equity markets.

Winning Strokes: Think Different

Marg Ltd  hit another buyer freeze in the opening trade and got locked in the Upper Circuits at Rs.12.18. The stock has been hitting upper circuits since it was bought. 

IVRCL Ltd (Rs.16.10) today made a smart move to around Rs.16.43 in the BSE at the fag end of the day. The scrip after consolidation is now all set o ttach Rs.19-10.  

HCC Ltd recommended around Rs.12-13 today touched Rs.20.80 before closing at Rs.20.25. The scrip has been on upmove since the last one month. 

PVP Ventures Ltd (Rs.8.64) today hit the lower circuits on the news that Prasad V. Potluri may either contest as an independent candidate or on a BJP ticket from the Vijaywada Constituency of Seemandhra. However, since this business magnet has high contacts, therefore, we can expect the scrip to give good appreciation going forward. Meanwhile, PVP Ventures announced that the Participation Agreement between PVP Ventures and Football Sports Development (an SPV formed by IMG Reliance; Star India and All India Football Federation) has been executed by the Parties. This news should give  a positive kick to the stock tomorrow.
Hinduja Ventures Ltd today closed flat at Rs.262.75 after hitting an intra-day high of Rs.267.70 in the BSE. This scrip is from the reputed Hinduja Group of Mumbai (Bombay). 
Allied Digial Services Ltd moved to Rs.14.12, after touching an intra-day high of Rs.14.38. Bennett Coleman & Company Ltd and Intel Corporation holds 2.57 and 2.89% of the shares of the company according to the latest data available in the BSE. In the fourth quarter of FY14, it is expected to post good results. 

Indo-US nuclear deal:

India's N-energy trade will touch $100 bn: the US

This is a scintillating news for the companies who will be beneficiery of this deal:

Keep watch on Premier Explosives, Rolta Ltd, ASM Technologies Ltd, Astra Micro, BHEL, BEL, HCC, L & T, Siemens Ltd, Reliance Industrial Infrastructure Ltd and Reliance Infrastructure Ltd, etc.

Hyderabad: The nuclear energy business in India would be in the order of $100 billion (about Rs 4,00,000 crore) in about ten years after nuclear deal comes through, the United States Assistant Commerce Secretary David Bohigian said on Tuesday.

The Nuclear Suppliers Group's waiver for India was a positive move that would foster clean energy business in both the countries, he said.

Bohigian, who is leading the US clean energy trade mission to India to explore the business opportunities, was interacting with the media here.

Though a business plan for the post-deal period is not made yet, he said there were immense opportunities waiting to be tapped.

“India will witness nuclear renaissance once the deal is through,” he said.

Some companies dealing in clean energy have been making enquiries with the Commerce Department about the possible trade opportunities and the scope of nuclear business, the visiting dignitary said.

Asked why US did not set up new nuclear reactors in the past two decades, he said it was working on the second generation reactors which are more economical and reliable.

Winning Strokes:

Ennore Coke Ltd recommended to the Paid Groups, a couple of days back gave more than 30% in less than 7 days. Amazing!! What is the real story now........why is it suddenly rising???!!!

Videocon Industries Ltd recommended on 1st October, 2008, to the Paid Groups in the Morning Mails, rose up by more than 13% on the news that the govt revived the proposal for allowing 100% FDI in electronics and sports goods retail.

This line was mentioned on 1st October, 2008 to the Paid Groups: "The govt revived the proposal for allowing 100% FDI in electronics and sports goods retail. This is very good news for the companies like Videocon Industries Ltd. This is very good news for the companies like Videocon Industries Ltd." I think most of the Paid Group members made money from this scrip.....

All the Nuclear Deal related stocks or defence related stocks (KEC International Ltd, BGR Energy Ltd, CESC Ltd, Reliance Power Ltd, BHEL, L & T, Premier Explosives Ltd, HCC etc.) are expected to shoot up in the coming days. BGR Energy Ltd has very recently being recommended by Kotak Securities Ltd.

Infosys Technologies Ltd recommended a couple of days back also rose up by more than 4% on last Friday. Patni Computers Ltd recommended to the Paid Groups rose by more than 7% on 1st October, 2008----both the scrips gave huge intra-day gains. All the technology counters (IT Counters) are expected to do well in the coming months due to rapidly changing (read improving) fundamentals of the US economy.

The Real Estate/Construction stocks are expected to do well in the coming months as the inflation is going to fall further in the coming weeks and the RBI is expected to cut down the CRR of the banks. I am very bullish on Banks, Real Estate/Construction and Power.

Among my recently recommended counters in the banking sector on last Friday, Yes Bank, SBI, etc did well, while Dena Bank, DCB etc. closed flat before cooling down a bit.

The Sensex is expected to reach 21, 000 by October, 2009 and by 2010 end we could see 40, 000 on the Sensex. By this "Deewali" we could see 17, 500 on the Sensex and 5500 on the Nifty.

If even after a MASSIVE BAIL OUT PACKAGE of $700 Billion dollar, if the US investors looks at some trivial things like employment data (if industries are to be made competitive in a depressing environment it is obvious that they will cut job----what is great news about it. I would consider it to be a positive news for the markets) or some such foolish things to decide on investing in the stock markets and feel depressed then God Help the US investors and their analysts......

If some "Investment Banks", whose employees talk like supermen in front of Television Cameras (the Hemendra Kothari variety) take leverages which are not in tune to their coffers what would the Government in a free economy do, unless these erring banks fall due to their own weights.

The Bush administration is doing all that it could to correct these aberrations with the help of Democrats. It is good to see how in the US both the major political conglomerates are working hand and in hand to pull the "elephant out of the mud", unlike Indians.....

We are better off in India.....!!!! I think Indian investors and analysts are better equipped than those overseas-faces which we see everyday on Fox News or CNBC TV18. CNN however has better breed of financial journalists but most of them are boring, lacking presentation, like Lata Venkatesh of CNBC TV 18.

What I feel is that CNBC TV18 should use the services of charming and talented Ayesha Faridi more to increase the TRP of their channels......like NDTV is using Shabani Bagai these days.

Lata tried in vain to create a sensation with his new catch, William B, but unlike big "B" of our own Hollywood, this gentleman probably from London School of Economics, only used his "B" to "Bore" the viewers/ audiences.

It seems English Media (Financial Channels) has insatiable love for overseas economists, most of whom are junk and parrot the same thing time and again (Ambarish Baliga, Ved Prakash Chaturvedi etc. variety). I am disappointed to see how William B mixed up the simple AIG case with the Lehman Brothers' case, without understanding the fact that AIG is an insurance company and it is natural that it could be affected, when the whole of the financial system is in turmoil!! But then it has already been bailed out, so where is the problem!!

Here in India, after the new political equation assumed power at the centre, "bomb culture" has become order of the day. I have already mentioned earlier that when a Bomb drops or explodes in a place it will not distinguish between a Hindu and a Muslim--it will summarily kill all those who in the proximity of that bomb.

Now Christian Missionaries have started giving lessons on how "conversions has taken place without use of any money or other such baits". I do not understand why they do not answer to this simple question, "If God is same,which all the religions around the world preaches, what is the need for conversion at all....."? So the truth lies somewhere.....!!!

I am of course an atheist......as I do not understand the concept of "God" and would prefer to study (or do some research) or practise music, or play chess or take some rest, etc. than spending my time in a Temple or a Mosque.

Buffett: My fix for the economy

Investment guru proposes his own solution to the credit crisis after warning that the $700 billion bailout may not be large enough.

Warren Buffett said Thursday the pricetag of the controversial $700 billion Wall Street bailout may have to rise, and suggested that Treasury team with private investors to buy the distressed mortgage assets at the center of the rescue plan.

Buffett, the chairman and CEO of Berkshire Hathaway, likened the recent turmoil in the markets to an "economic Pearl Harbor" and said that the economy needs a quicker response than Congress has provided.

"We had an economic Pearl Harbor hit," he said during an appearance at Fortune's Most Powerful Women Summit in Aviara, Calif. "For a couple of weeks we've been arguing about who's fault [and] fooling around while things have gotten a lot worse."

On Wednesday, the Senate passed a $700 billion bailout package. The House is expected to vote on the revised bill on Friday, four days after rejecting an earlier version.

"It will cost more to solve this problem today than it did two weeks ago," said Buffett, referring to when Treasury Secretary Henry Paulson's first proposed that Congress help rescue Wall Street, which has seen the collapse of Lehman Brothers and Bear Stearns and the sale of Merrill Lynch. "It's that bad. If we don't get it solved next week, I may go back to delivering papers."

He didn't estimate how much more money would be needed to buy enough toxic mortgage investments in order to create a more stable market and get credit flowing.

Finding a price for distressed assets

But Buffett described a plan he thought of Thursday morning on the way to the Summit that would allow Treasury and private investors to buy assets together. He said his proposal would quickly kickstart demand for mortgage-backed securities and help find a market price for these troubled assets.

"One easy way to do part of the program is to say to anybody - hedge fund operators, Wall Street firms, or anybody else - that the Treasury will lend you 80% of the purchase cost of a bunch of distressed assets," he said, explaining the concept of his proposal. The investors benefit from borrowing at lower rates, but Treasury would get first claim on the sale of those assets, which means it would get its loan back plus interest and possibly turn a profit.

"Now you have someone with 20% skin in the game," he explained. "Believe me, I won't be overpaying if I'm buying with that kind of leverage. And you have someone [the investors] to manage the assets to the extent they need to be managed."

Buffett said that the bill that passed the Senate Wednesday evening isn't perfect, but that it's crucial to prevent the global economy from grinding to a halt. He then warned it will take a while to work and that the economy is going to struggle even with its passage.

He said the problems now facing the economy are unprecedented, and likened the the crisis to a great athlete that has had a massive heart attack.

"We've never seen anything like this where perfectly credit-worthy companies can't get funds," he said.

"Anyone who thinks this bill is a panacea is [making] a mistake," he said. "Without it, it's a disaster."

Market Mantra

Entegra Ltd  (Rs.3.83) hits the buyer freeze in the opening trade. Those who have accumulated the scrip, when it was hitting lower circuits should be making good returns going forward. It is from a reputed group and at the same time, its project is on the verge of completion. The share is available at the price of dirt. 

Today's call: Buy Hindustan Construction Company Ltd (HCC; BSE Code: 500185) at Rs.12.70-12.80, for a target of Rs.15-17, in the short term. The company came out with superb set of numbers for the Q3FY14. Moreover, the company's projects have gathered steam. 

The government could very soon announce some changes in the gold import norms, according to my sources. The gold imports have fallen drastically and livlihood of the artisans  have also taken a  hit. There were also lot of job cuts in the sector. In view of this there is serious concern in the UPA, just on the eve of elections.  Buy, Gitanjali Gems Ltd (Rs.61.50) and Shree Ganesh Jewelery House (I) Ltd (Rs.25.10) and P C Jewellers Ltd (Rs.73.05) on all declines. These are sure shot scrips which give you good returns over a period. 

The Sensex & the Nifty reach all-time highs: Silverline Technologies Ltd hits the buyer freeze: State Trading Corporation hits the buyer freeze:Haldyn Glass Gujarat Ltd recommended last week made all time high today: Gayatri Projects Ltd recommended in the Sunday Report to the Premium Group Members at Rs.297 rose up marginally today: All booked good profits in Tata Tele Maharastra Ltd.(TTML). Earlier in the report sent to the Premium Group Members, buying was advised if it rose to Rs.37.5 with good volumes. Today it rose with huge volume after crossing that mark in the opening trade and most of the Premium Group members booked good profits: Walchandnagar Industries Ltd was recommended a buy at around Rs.3000 levels some weeks back. Today it hit the upper freeze: Selan Exploration Technologies Ltd recommended at Rs.78 and Rs.88, some months back made new high today: Good movements were also seen in Amforge Industries Ltd which was recommended to the Premuim Group a month back:

Reliance Natural Resources Ltd and IFCI Ltd recommended by me to the Premium Group members at Rs.22 and Rs.57--Rs.60 range made new highs today, made new highs today:

There is a breaking news coming in Atlanta Ltd!!!!!!

The market kept on advancing as the day progressed on steady buying demand for index pivotals throughout the day, except for an hiccupin early trade. Turnover was healthy today and it crossed Rs 7,500crore on BSE. Both the niche indices BSE Sensex and S&P CNX Niftystruck all time highs. Sensex is now eyeing 17,000 and the S&P CNXNifty is eyeing 5,000 mark.

European markets which opened after Indian market, were mixed.Asian markets which opened before Indian market settled highertoday, 24 September 2007. US markets posted gains on Friday, 21September 2007.

The 30-shares BSE Sensex was up 281.60 points or 1.70% to16,845.83, an all time closing high. It had opened on an upbeatnote at 16,697.89 tracking firm global cues. Its low for the day was at 16,599.66. It surged to an all time high of 16,869.64 in late trade. Sensex oscillated 268.98 points for the day.

From a recent low of 13,989.11 on 21 August 2007, Sensex has surged2856.72 points or 20.42% in just 24 trading days to current16,845.83. The S&P CNX Nifty was up 94.65 points or 1.96% to 4,932.20, an alltime closing high. It struck an all time high of 4,941.15. TheNifty September 2007 futures settled at 4938, a premium of 5.80points as compared to spot closing.

Despite solid rally in market, the market breadth was negative on BSE with 1454 shares declining as compared to 1302 that advanced.51 remained unchanged. The breadth was strong in opening trade.

The BSE Mid-Cap index rose 1.53% to 7,309.84. It hit an all-timehigh of 7,321.02 today. BSE Small-Cap index gained 0.77% to8,963.48. The index hit record high of 9,013.35 today. The total turnover on BSE amounted to Rs 7,744 crore as compared toRs 8,279.52 crore on Friday, 21 September 2007. The NSE's F&O turnover amounted to Rs 79397.68 crore as compared toRs 75928.77 crore on Friday, 21 September 2007.

All the sectoral indices on BSE posted gains except the BSE ITindex. BSE Realty index (up 2.03% to 9,369.68), BSE Auto Index (up2% at 5,297.26), BSE PSU index (up 2.30% to 7,959.92), BSE MetalIndex (up 1.70% at 13,030.47), BSE Capital Goods Index (up 2.19% at14,837.71), BSE Oil and Gas Index (up 3.33% at 9,651.17) outperformed the Sensex.

However BSE TecK index (up 0.09% to 3,641.41), BSE ConsumerDurables index (up 0.17% to 4,756.01), BSE FMCG Index (up 0.03% at2,153.57), BSE Health Care Index (up 0.25% at 3,663.23), BSE Bankex(up 2.54% at 8,961.49) and BSE IT Index (down 1.77% at 4,349.83)were underperformers Among the 30-member Sensex pack, 25 advanced while the restdeclined. India's top private sector utility company in terms of revenueReliance Energy (REL) surged 8.17% to Rs 1092.10 on 21.52 lakhshares. The stock hit all-time high of Rs 1130.70 in intra-daytrade. It was the top gainer from Sensex pack.

As per reports, the government cleared the two transmission line projects of REL worthRs 3,500-crore projects which includes the western region systemstrengthening (WRSS) II and the Parbati-Koldam hydro projects inHimachal Pradesh. These projects were delayed due to issues raised by the public-private partnership appraisal committee (PPAC).

National Thermal Power Corporation, the country's largest power generation company by net sales jumped 4.96% to Rs 196.80 on 46.18lakh shares. It replaced Dabur India in the S&P CNX Nifty indexfrom today. India's top small-car market by market share, Maruti Suzuki India galloped 7.47% to Rs 999. Last week, Foreign Investment Promotion Board (FIPB) cleared Maruti's proposal to form a joint venture forsetting up an exhaust parts manufacturing facility in Haryana withJapan's Futaba Industrial Company. Futaba will hold 51% in theventure.

Bharti Airtel, India's largest listed cellular services provider by market share rose 2.52% to Rs 941.50. As per reports, it has gotlicence to start Direct-To-Home (DTH) services in the country and announced an investment of Rs 150 crores in the first phase tolaunch nation-wide operations, a move that would bring in muchrequired competition in the DTH segment. Also another set ofreports state that Bharti Airtel may get extra spectrum for Delhiand Mumbai under the existing subscriber-base norms. India's largest power equipment maker in terms of revenue Bhelgained 1.82% to Rs 2002.

It hit lifetime high of Rs 2025. As per recent reports, Bhel it is looking at mergers and acquisition to fuel inorganic growth and it targeting a turnover of Rs 45,000crore by 2012. Banking pivotals advanced on fresh buying. ICICI Bank (up 3.19% toRs 996), HDFC Bank (up 2.37% to Rs 1354.05), and State Bank ofIndia (up 0.75% to Rs 1821.90), edged higher.

India's largest private sector entity by market capitalisation and oil refiner Reliance Industries (RIL) rose 3.63% to Rs 2357 on 7.87lakh shares. It hit an all time high of Rs 2375 in intra-day trade.

RIL said on Saturday, 22 September 2007 that it has struck oil inthe deepwater block KG-D4 located in the Krishna Basin. The commercial viability of the discovery is being evaluated. RIL holds100% participating interest in this block, which spans over an areaof 8100 sq. kms. The rumors about RIL's oil find had already hit the market on Friday, 21 September 2007.

India's second largest telecom services provider marketcapitalisation Reliance Communications jumped 3.26% to Rs 598.25 onhigh volumes of 38.27 lakh shares. A block deal of 14.10 lakhshares was struck on at Rs 590 per share in early trade on BSE. Larsen & Toubro (L&T), the country's second largest engineering & construction company in terms of market capitalisation, soared 4.49% to Rs 2908. As per recent reports, it is close to acquiring a stake in Feedback Ventures, a leading integrated infrastructureservices firm. The stock hit an all time high of Rs 2910 on BSE.

IT shares were weak throughout the day. India's second largest software services exporter Infosys Technologies was the top loser from Sensex pack. It slipped 3.30% to Rs 1761.90 on 2.83 lakhshares Other IT pivotals, Satyam Computers (down 2.76% to Rs 407.30), TCS(down 1.08% to Rs 1004), were not spared either. ITC (down 1.47% to Rs 188) and Grasim (down 0.07% to Rs 3445) werethe other losers from Sensex pack. IFCI was the top traded counter on BSE with turnover of Rs 531.37crore followed by Reliance Natural Resources (Rs 454.34 crore),Reliance Petroleum (Rs 368.57 crore), DLF (Rs 242.13 crore), and Reliance Energy (Rs 232.84 crore).

Reliance group stocks were in spotlight for second straight day onmomentum buying. Reliance Petroleum (up 8.10% to Rs 167.50),Reliance Natural Resources (up 22.03% to Rs 93.60), RelianceCapital (up 1.90% to Rs 1571.25), Reliance IndustrialInfrastructure (up 10% to Rs 1147.40), Adlabs Films (up 1.12% to Rs555) and IPCL (up 3.25% to Rs 465.50) surged.

Adhunik Metaliks jumped 6.40% at Rs 99 after its board approvedacquiring a majority stake in V Cube Forge (India) for anundisclosed amount. Pune-based V Cube Forge manufactures forged andmachined parts for automobiles, railways, and aerospace. IFCI surged 19.32% to Rs 98.80 on huge volumes of 5.68 croreshares. Nearly 1.10 crore shares changed hands through multipleblock deals on BSE and NSE combined.

IVRCL Infrastructures & Projects slipped 1.25% to Rs 409.90. Itreceived new orders worth Rs 394.24 crore. The Pune region of the company has received these orders for its building division and forpower division. Hindustan Petroleum Corporation was up 2.32% to Rs 256.10 onreports that Lakshmi Mittal may buy a stake in the unit of the company, Prize Petroleum. Tata Tea rose 0.10% to Rs 785 on reports that the firm is in talksto buy UK-based speciality tea company Liberty Tea. The move is aimed at expanding company's presence in the global beveragesmarket. Unlisted Liberty Tea is a popular brand in Europe.

Unitech advanced 3.90% to Rs 350.55 after it announced aftertrading hours on Friday, 21 September 2007, that it would entermobile telephone services in services in 22 out of 23 circles of the country. ING Vysya Bank surged 7.17% to Rs 262.45 on reports that it is intalks with Centurion Bank of Punjab and Kotak Mahindra Bank for acquisitions. GAIL soared 7.23% to Rs 375.75 on reports that it is considering anissue of bonus shares to its equity stakeholders.

Hindustan Construction Company rose 2.37% to Rs 146.75, after thecompany said its joint venture with Alphine Mayreder Bau GMBH andSamsung Corporation has received a contract from Delhi Metro RailCorporation, Delhi for design and construction of two undergroundstations and tunnel between New Delhi station and Talkatora Garden.The value of the order is worth Rs 774.64 crore. HCC's share is thetotal value of the contract is 33% to Rs 255.63 crore. Syndicate Bank moved up 1.83% to Rs 91.60 on reports that thestate-run bank is planning a follow-on public offer (FPO) duringthis fiscal year, subject to regulatory approvals.

Aftek rose 3.63% to Rs 77, after the company said Goldman Sachs Investments Mauritius has acquired 20 lakh shares or a 2.29% in thecompany to raise its stake to 5.74%.

European markets which opened after Indian market, were mixedtoday, 24 September 2007. Key benchmark indices in France (up 0.12%to 5,707.67), and United Kingdom (up 0.51% to 6,489.40) rose.

However, Germany's DAX was down 0.12% to 7,785.44 Asian markets which opened before Indian market settled highertoday, 24 September 2007. Hong Kong's Hang Seng (up 2.52% at26,495.15), Shanghai Composite (up 0.56% to 5,485.03), andSingapore's Straits Times (up 2.73% at 3,639.02) advanced. Stockmarkets in Japan, South Korea and Taiwan were closed for publicholidays. US stocks posted steady gains on Friday, 21 September 2007 cappinga strong week for Wall Street, as investors drew confidence fromstrong results at Oracle Corp. and a continued sense that lowerinterest rates should help bolster the economy. The Dow Jonesindustrial average rose 53.49, or 0.39%, to 13,820.19. Broaderstock indicators also rose.

The Standard & Poor's 500 indexadvanced 7.00, or 0.46%, to 1,525.75, while the Nasdaq Compositeindex rose 16.93, or 0.64%, to 2,671.22. Indian market may, however, turn volatile this week ahead of theexpiry of September 2007 futures & options (F&O) contracts onThursday, 27 September 2007. Crude oil prices dipped on Monday, 24 September 2007 as oil and gasproducers in the Gulf of Mexico restored more output after a mildstorm triggered evacuation and production cuts. US crude forNovember delivery fell 22 cents to $81.40 a barrel. As per the data released on Friday, 21 September 2007, inflationbased on the wholesale-price-index rose 3.32% for the week ended 8September 2007 as against 3.52% in the previous week. [With inputs from the Internet]