STOCK WATCH

With crude oil prices crossing $50 per barrel and the government ruling out any petrol price hike, oil-refining companies will be the worst hit. This will also cap any further upside in GAIL & ONGC

Subros is still trading at Rs.124 ex-bonus. With an expected EPS of more than Rs.15 on the expanded equity, it will cross Rs.200 going forward. A good auto ancillary bet.

One Analyst is very bullish on future prospects of Sesa Goa and is tipped to touch the four-digit mark in 2005. With China importing heavily again, iron ore prices have shot up once again and are expected to remain high going forward.

Though Numeric Power has appreciated in this rally, it is still trading cheap on an expected EPS of Rs.30. It has huge reserves of Rs.48 cr. on its small equity of Rs.5 cr. making it a bonus candidate too. One broking firm is very active on the counter and accumulating it quietly.

A reputed big investor is bullish on VST Tillers and has already accumulated this scrip, which may hit a century in 2005. A good medium term bet.

With cement prices ruling high in the South compared to last year, Deccan Cements will post good September Quarter numbers. Scrip can be accumulated before the results.

Sponge Iron manufactures are having ball of a time. Orissa Sponge can be bought at dips for handsome returns.

Gujarat Alkalies plans a Rs.200 cr. expansion for Caustic Soda and Hydrogen Peroxide at its Dahej plant. Although it diluted its equity by the recent rights issue, it may still post an EPS of around Rs.8. Also, being on the divestment list of the Gujarat Government will give good returns if held for long.

The government is thinking to withdraw DEPB on steel exports once again. But Bhushan Steel being a domestic player will not be affected much. It is tipped to cross Rs.180 after the Sept. Quarter results are declared.

Punters are betting on GTL. This scrip is expected to rise sharply in coming days. One can buy it for quick bucks

Kanoria Chemicals has still not caught market fancy. With Rs.180 cr. expansion plan, huge reserves leading to an book value of Rs.90, cash earning of more than Rs.22 and with an expected EPS of Rs.13-15, this scrip is available cheap at Rs.70.

Order books of saw pipe manufacturers are soaring continuously with Welspun Gujarat recently bagging Rs.500cr. overseas order. This scrip can be bought at the current price for 50 per cent appreciation in 6 months time.