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!!! W E L C O M E !!!
In INDIA, people generally relate to stock market as “EASY MONEY” or “SATTA BAZAAR”. For them it’s purely a GAME or matter of sheer LUCK and nothing more than that. But seldom do they know, by following certain PRINCIPLES and taking INFORMED decision, this same platform has the power to take them from rags to riches. No doubt, it has a certain amount of RISK attached to it. But every business or investment has it. What more, the Finance Ministry has already made the long term capital gain as TAX FREE whereas the short term capital gain is taxed at merely 10%. On the economic front, India’s GDP is growing and is expected to grow at scorching pace of more than 8%. Unfortunately, even today our market is being ruled and dominated by FIRANGI’s money. But I can see, the day is not far when our general PUBLIC will change its perception and start putting MOST of their savings in equities as an ** Investment **.
Remember, "K N O W L E D G E" and "P A T I E N C E" are the key to success.
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SAARTHI

Sensex (LIVE- Intraday)

Sensex (LIVE- Intraday)

Monday, December 20, 2004

STOCK WATCH

In the paper sector, Tamilnadu Newsprint Ltd. (Code No.531426) (Rs.64.50) (TNPL) is the best bet for the long term. It has ambitious expansion plans to increase its copier paper production to 3500 tonnes a month from 2500 tonnes. Its in-house pulp production is set to increase from 500 TPD to 800 TPD and its annual production of paper will increase to 2,45,000 MT from 2,30,000 MT. The higher production coupled with better price realizations will lead to higher profitability, which will drive its share price beyond the century mark in the next 12 months
Navabharat Ferro Alloys (Code No.513023) (Rs.345.95) seems to bottomed out and is ready for a sharp rally. The company has good expansion plans and is the best bet in the current market situation. For FY05, it will sure to register an EPS of more than Rs100 and the scrip can anytime to shoot to Rs500.
Most of the chlor alkali scrips like Gujarat Alkalies, DCW etc. have shot up due to the hike in caustic soda prices. Bihar Caustic (Code No.500057) (Rs.54.60) with an installed capacity to produce 51048 TPA of Caustic Soda, 39600 TPA of Liquid Chlorine and 29040 TPA of Hydrochloric Acid has still not performed as per market expectation and can rally sharply in coming days. For FY05, it is expect to post an EPS Rs11. A strong buy.
In spite of strong fundamentals and all positive news coming in, the India Glycol (Code No.500201) (Rs.133.95) share has not rallied at all and is trading in a very narrow range. But a sharp break out is expected shortly. Be patient and accumulate it at every sharp dip. It is bound to cross the Rs200 mark.

Of late, shipping scrips have reacted negatively on news of the fall in freight rates. This gives a good opportunity of buy SCI (Code No.523598) (Rs.175.65). Its future prospects still remain very promising and the company has many triggers going forward. Its share price has the potential to cross Rs250 in the next 12 months
Karnataka Bank (Code No.590002) (Rs.203.30) still seems cheap at Rs200 considering 2:1 rights offer is priced at Rs20 per share. Post rights, the bank is expected to post an EPS of more than Rs12 on the expanded equity. At CMP, the acquisition cost works out to Rs80. This means it is still trading at 6 PE whereas other private banks have run up a lot recently.

Posted by RAJAT AGRAWAL / MUMBAI at Monday, December 20, 2004

1 comment:

investment adviser said...

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July 23, 2016 at 8:47 AM

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