Market Outlook 15/01/2007

As expected the market was highly volatile and the mid/small cap stocks started showing signs of buying. Today I would recommend a few stocks which are looking good to me for short term. (Buy according to your personal risk taking capacity).
1) Zee Telefilms- looks all set to give 30-40 rs in very short term. Very good results are expected on 23rd
2) Kohinoor Broadcast Corporation (BSE: 531366) CMP 15.60. tgt is 30Rs in 90 days time frame.
**Kohinoor Broadcasting Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 12, 2007, inter alia, has taken the following decisions:
1. The Board has approved the Placing Agreement, Deposit Agreement
and the Escrow Account Agreement in respect of the GDR issue.
2. The Board has approved the offering circular filed at Luxembourg
Stock Exchanges.
3. The board has approved the allotment of 75,000,000 equity shares
of Rs 10 with underlying 7,500,000 GDR's issued in the name of
Depository (Deutsche Bank Trust Company Americas) and issuance of
Share certificate thereof.
**Kohinoor Broadcasting Corporation Ltd has informed BSE that the
Board of Directors of the Company at its meeting held on January 07,
2008, has taken the following decisions:
1. The Board has approved in-principal, the proposal of takeover of
M/s. Tagore Theatres Ltd (Valuing approximately INR 1000 Million), a
multiplex, at a valuation to be conducted by the Company of
international standing such as M/s. Knight-Frank India Pvt Ltd,
Chesterton Meghraj, Jones Lang Lasalle, Price water house Cooper or
equivalent. The Board has authorized the committee of Directors to
complete the transaction and to finalize the swap ratio for the
proposed takeover.
2. The Board has approved the opening of subsidiary Company in
United Kingdom for Launch of TV channel in UK and adjoining areas.
3. The Board has taken note of the receipt of the equipment for
Teleport to be set up at Rajpura involving a capital outlay of INR
50 Million.
4. The Board took note of the orders placed for play-out station to
be set up at Rajpura involving a capital outlay of INR 100 Million.
5. The Board took note of the progress of production of the buffer
content for its forthcoming News and Entertainment Channel.
This stock is one of the multibaggers in the making, however due to the pressure in the small caps it has been on lower circuits for the past 3 days. We can se another 2-3 lower circuits (5%)in this stock which by any means is a good chance to buy. But the targets are intact. So dont rush and BUY this stock, wait for it to get out of the lower circuit syndrome, and the day it does, just BUY.
3) Elgi Equipments (BSE: 522074)- CMP 79 tgt Rs 100 in short term (30 days maximum)
4) Bihar Caustic and Chemicals (BSE: 500057) -CMP Rs 88.30 Tgt 135++
TIME FRAME 90 Days maximum (Its a caustic soda demand supply story- same as Indo Borax which was recommended 2 months before)
Market Cap : Rs 200 cr Industry : Chemicals
TTM EPS : Rs 17 P/E Ratio : 4.9x
Pmt Stake : 56 % Dividend : 15 %
52W H/L : Rs 105/42 Book Value : Rs 63
5) Madhav Marbles and Granites (BSE: 515093)- CMP 93.75 (HIGH TO VERY HIGH RISKY CALL.. Its an operator driven stock and some news is coming from the operators that the stock can hit the 125 mark very soon. If anyone wants to buy, BUY with a STRICT STOP LOSS OF 85, PLAY SAFE INVESTORS PLEASE AVOID TRADING OR INVESTING IN THIS STOCK)

My previous recommendations like BNK CAPITAL, INDO Borax, are at buying levels right now. Those who had booked profits earlier can reenter with a 90day or long term view.
Please do not buy in very high qty because of the market volatility. Normally i dont give any stop loss for my investment advice becuase whatever the market codition is, almost 95% the targets are achived within 90 days. However at this point of time I would advice investors to keep stop loss according to their risk bearing appetite. Anybody who has a short tem view please keep the stop loss.
Compact Disc is moving in the same zone when recommended 2 days back. Its a good HOLD with a stop loss of 88 for the very short term investors. Tgt is intact 200++
Do remember, all my calls are DELIVERY (Investment Ideas for a maximum of 90 day period, the calls are not meant for intraday trading. However they have never taken 90 days to achieve the targets but still we will follow the 90 day rule)so please trade accordingly.

Happy Investing
Investomaniac
JAIDADIKI
contact @ nishantlakkar@gmail.com