Hi Friends
Really sorry for not updating the site on a daily basis, as there are lot of queries coming up and in order to answer as many as possible hardly any time is left to update the site daily. However the ones who are intrested in the Delivery Calls should not be worried much about it because it does not require daily postings. Actually this site is meant for Delivery based investors but due to so many emails regarding nifty views and outlook i started updating frequently. I keep on adding the query list in my address book and send them emails together constantly updating about the markets and the open calls. Would request all to mail any queries/feedback or suggestions @ nishantlakkar@gmail.com with the subject "Query/Feeback/Suggestion" which ever is applicable
Nyways,
Markets have gained on 2 days after a week long consolidation between 4900 and 5200.
I personally believe that one should hold on to their current positions and dont take any additional position till budget.
Although I expect the Education, health, and IT sector to get special considerations in this budget.
I would like to highlight some of the important points from my reports to all the free access members here in this website regarding the expectations from budget.
• Reduction in direct tax rates for individuals
• Some reduction or elimination of dividend distribution tax
• Rationalization of excise duties, including the auto sector
• Rationalization of exemptions for corporates
• Lower customs duties for commodities to contain inflation and
rationalization of inconsistencies
• Enhanced credit availability for the agriculture sector
• Some relief in FBT
• A sharp increase in the outlays for social sectors like health and education
ØBalancing act on growth v/s social commitments to continue
ØSince this budget is the last full budget (next budget most likely to be vote-onaccount
budget) of UPA, the FM may be tilted towards social commitments
ØThe tug of war between inflation and growth related measures will also
continue
ØWe expect higher allocations to education, unemployment, healthcare to
support the social commitments
ØInfrastructure will again turn out to be the key thrust area and we expect
further measures to be announced to boost investment in this area
ØBudget allocation to agriculture related items may get intensified as
agriculture is a weak component to the GDP. An increase in agri supply also
eases out inflation
ØFiscal deficit could be projected at sub 3% level
ØGovt’s commitment towards achieving the 9% GDP rate will continue
ØFurther cut in certain custom duties in commodity sectors like metals,
petrochem and chemicals is expected as this will ease out the supply side
constraints on one hand and reduce the pressure on inflation on the other
ØA cut in direct tax rates expected as the first 10 months’ direct tax
collections have been 40% above the target
ØWe expect a likely cut in corporate tax rate to 30%. This is despite the fact
that we expect a populist budget
ØThe individual threshold limit might get revised upwards or alternatively
there might be an investment based incentive scheme introduced to
channelise savings for investment purposes
These are a part of the report which i prepared for the PMS and other members. I also have a full report on BUDGET from Kotak... If anybody wants that please email your request.
Happy Investing
Investomaniac
JAIDADIKI
Tuesday, February 26, 2008
Thursday, February 21, 2008
Market Outlook (21/02/2008)
Hi Friends
Yesterday we saw one of the worst days since my entry into the stock markets. I term it as the worst day (even worst then any other lower circuit in the markets before) because the games which the nifty was playing. It kept on breaking the supports and hitting the resistance for numerous occassions during the trading day and the traders ARE RELUCTANT TO HOLD ON TO ANY POSITION, BE IT SHORTS OR LONGS. The volumes are still a concern for me as around 60000 crore volume on Nifty is atleast 35-40% less then a normal day trading participation of 95-100 thousand crores. It would be very difficult for the markets to go up untill and unless the domestic and foreing funds take long positions and most importantly hold them. What is happening right now is that whatever positions the traders are taking they are booking it instantly.. ie: not carrying their longs or shorts which makes the stop loss hit on both the sides and eventually selling pressure is seen. My view is that we have to soon go past 5350-5360 mark and stay above it with good volumes to be under the wraps of the bulls. On the other side, if the markets breaks the 200 DMA again which is around 4890 levels... then we are in a BEAR PHASE with the heavy DOWNSIDE.
Asian Markets are trading strong and DOW also ended onj positive note after a weak opening hence we can open positive today but have to see weather we are able to sustain the highs or make new highs for the day or not.
I am still long and will wait for today... If we break support levels today as well then I would advice an EXIT on ALL LONGS...
Happy Investing
Investomaniac
JAIDADIKI
Yesterday we saw one of the worst days since my entry into the stock markets. I term it as the worst day (even worst then any other lower circuit in the markets before) because the games which the nifty was playing. It kept on breaking the supports and hitting the resistance for numerous occassions during the trading day and the traders ARE RELUCTANT TO HOLD ON TO ANY POSITION, BE IT SHORTS OR LONGS. The volumes are still a concern for me as around 60000 crore volume on Nifty is atleast 35-40% less then a normal day trading participation of 95-100 thousand crores. It would be very difficult for the markets to go up untill and unless the domestic and foreing funds take long positions and most importantly hold them. What is happening right now is that whatever positions the traders are taking they are booking it instantly.. ie: not carrying their longs or shorts which makes the stop loss hit on both the sides and eventually selling pressure is seen. My view is that we have to soon go past 5350-5360 mark and stay above it with good volumes to be under the wraps of the bulls. On the other side, if the markets breaks the 200 DMA again which is around 4890 levels... then we are in a BEAR PHASE with the heavy DOWNSIDE.
Asian Markets are trading strong and DOW also ended onj positive note after a weak opening hence we can open positive today but have to see weather we are able to sustain the highs or make new highs for the day or not.
I am still long and will wait for today... If we break support levels today as well then I would advice an EXIT on ALL LONGS...
Happy Investing
Investomaniac
JAIDADIKI
Tuesday, February 19, 2008
Market Outlook (20/02/2008)
Hi Friends
As mentioned earler we have seen 2 days of sluggish trading where profit booking was seen on every rise...I am extremly positive on the remaining days of the week and my expiry target is above 5700++... The momentum stocks like NTPC, RPACK, TISCO, TATAMOTOR etc should be performing well along with the markets.... All investment advices should be on hold. Any other queries/feedback/information please mail at nishantlakkar@gmail.com
Happy Investing
Investomaniac
JAIDADIKI
As mentioned earler we have seen 2 days of sluggish trading where profit booking was seen on every rise...I am extremly positive on the remaining days of the week and my expiry target is above 5700++... The momentum stocks like NTPC, RPACK, TISCO, TATAMOTOR etc should be performing well along with the markets.... All investment advices should be on hold. Any other queries/feedback/information please mail at nishantlakkar@gmail.com
Happy Investing
Investomaniac
JAIDADIKI
Monday, February 18, 2008
Market Outlook (18/02/2008)
Hi Friends
Markets are all set for a PREBUDGET rally...The fundamentals and the technicals both give a clear indication of a ROCK SOLID Expiry for this series..
As per the technicals the markets have bounced back after breaking the 200 DMA levels twice and history also says that markets have strongly bounced back after that. As per the technical experts...... the markets are all set for a ride on the upside and it could be termed as a pre budget rally....
We have already booked our positions on friday and we can reenter the same with nifty targeting 5800+ in expiry....
All our investment picks are rocking.. and should be kept on hold.
INOX Leisure is looking very good at the moment.. and may target 175 in the near term.
Happy Investing
Investomaniac
JAIDADIKI
Markets are all set for a PREBUDGET rally...The fundamentals and the technicals both give a clear indication of a ROCK SOLID Expiry for this series..
As per the technicals the markets have bounced back after breaking the 200 DMA levels twice and history also says that markets have strongly bounced back after that. As per the technical experts...... the markets are all set for a ride on the upside and it could be termed as a pre budget rally....
We have already booked our positions on friday and we can reenter the same with nifty targeting 5800+ in expiry....
All our investment picks are rocking.. and should be kept on hold.
INOX Leisure is looking very good at the moment.. and may target 175 in the near term.
Happy Investing
Investomaniac
JAIDADIKI
Sunday, February 17, 2008
Market Review (for the week ended 15/02/2008)
Hi Friends
As expected the markets rocked after last tuesday and those who traded on the NIFTY FUTURES & OPTION calls given by me for buying on last tuesday would have made significant movement, because from wednesday the markets have moved NON STOP on the upper side. The nifty 5500 call bouht around 25-30-35 levels.. made a high of 80 rs.. Nifty jumped more then 300++ points for those who had bought on tuesday late trade as informed bty me... Delivery calls are not to be discussed on a daily basis, as they are meant to be moving slowly but steadily.. Keep holding the stocks for good returns. There are some rumours coming that RPOWER is planning to issue bonus shares (except the promoters) to all those investors who are currently holding their stocks.. board meeting on 24th Feb.. Unconfirmed news though... if true... could take the stock past the issue price very soon...!!
We will wait for some time to reenter the markets... at this point of time I would wait and watch my holdings grow even if the markets are rising...!!
Happy Investing
Investomaniac
JAIDADIKI
As expected the markets rocked after last tuesday and those who traded on the NIFTY FUTURES & OPTION calls given by me for buying on last tuesday would have made significant movement, because from wednesday the markets have moved NON STOP on the upper side. The nifty 5500 call bouht around 25-30-35 levels.. made a high of 80 rs.. Nifty jumped more then 300++ points for those who had bought on tuesday late trade as informed bty me... Delivery calls are not to be discussed on a daily basis, as they are meant to be moving slowly but steadily.. Keep holding the stocks for good returns. There are some rumours coming that RPOWER is planning to issue bonus shares (except the promoters) to all those investors who are currently holding their stocks.. board meeting on 24th Feb.. Unconfirmed news though... if true... could take the stock past the issue price very soon...!!
We will wait for some time to reenter the markets... at this point of time I would wait and watch my holdings grow even if the markets are rising...!!
Happy Investing
Investomaniac
JAIDADIKI
Thursday, February 14, 2008
Market Outlook (15/02/2008)
Hi Friends
I hope all have enjoyed the 2 days of bull run after my recommendation to buy on tuesday late hours.. All those who would have bought Nifty on Tuesday late hours would have made 300+ points in it till today.. I recommended to few people buying a 5500 Call @ around 26-27 and also above around 35-36. Today the price was 53. I WOULD PREFER PEOPLE WHO HAVE POSITIONS TO BOOK PROFITS HERE BECAUSE I FEEL THAT WE MIGHT HAVE 1-2 SLUGGISH TRADING SESSIONS WITH A NEGATIVE BIAS. I DONT SEE A HUGE FALL FROM HERE, BUT THE LAST 2 DAYS VOLUMES ARE A SIGN OF WORRY FOR NEXT FEW DAYS. ALTHOUGH I AM QUITE BULLISH BEFORE THIS EXPIRY BUT STILL IN THIS MARKET WOULD PREFER BOOKING PROFITS AS AND WHEN THEY COME. BOOK OUT AND WAIT TILL MONDAY-TUESDAY FOR A CLEAR SIGNAL AND THEN WE WILL RE-ENTER, IF I SEE ANY REASON FOR REBUYING EARLIER THEN THAT, THEN WOULD INTIMATE THE SAME HERE AT THE EARLIEST. DELIVERY BASED INVESTMENTS CAN BE LEFT UNTOUCHED BECAUSE WE ARE NOT BOTHERED ABOUT THE SAME. BOOK PROFITS IN THE TRADING AND SHORT TERM CALLS.
Happy Investing
Investomaniac
JAIDADIKI
I hope all have enjoyed the 2 days of bull run after my recommendation to buy on tuesday late hours.. All those who would have bought Nifty on Tuesday late hours would have made 300+ points in it till today.. I recommended to few people buying a 5500 Call @ around 26-27 and also above around 35-36. Today the price was 53. I WOULD PREFER PEOPLE WHO HAVE POSITIONS TO BOOK PROFITS HERE BECAUSE I FEEL THAT WE MIGHT HAVE 1-2 SLUGGISH TRADING SESSIONS WITH A NEGATIVE BIAS. I DONT SEE A HUGE FALL FROM HERE, BUT THE LAST 2 DAYS VOLUMES ARE A SIGN OF WORRY FOR NEXT FEW DAYS. ALTHOUGH I AM QUITE BULLISH BEFORE THIS EXPIRY BUT STILL IN THIS MARKET WOULD PREFER BOOKING PROFITS AS AND WHEN THEY COME. BOOK OUT AND WAIT TILL MONDAY-TUESDAY FOR A CLEAR SIGNAL AND THEN WE WILL RE-ENTER, IF I SEE ANY REASON FOR REBUYING EARLIER THEN THAT, THEN WOULD INTIMATE THE SAME HERE AT THE EARLIEST. DELIVERY BASED INVESTMENTS CAN BE LEFT UNTOUCHED BECAUSE WE ARE NOT BOTHERED ABOUT THE SAME. BOOK PROFITS IN THE TRADING AND SHORT TERM CALLS.
Happy Investing
Investomaniac
JAIDADIKI
Tuesday, February 12, 2008
Market Outlook (13/02/2008)
Hi Friends
I hope every body bought the recommended shares today in the late hours...(which was mentioned in the previous blog that to buy only on tuesday late trade, not before that). We might open gap up and it has to be seen wheather we sustain at higher levels or we see the selling pressure. As i have told before that there was some news of Foreign Funds entering the Indian markets in the 2nd week of Feb and we can see an upmove from there... (All these news have been shared in this blog, kindly refer the previous posts).
My Nifty target before this months expiry is 5500+ and thats the reason why I asked all to BUY NIFTY 5500 Calls...
The other delivery stocks willl rock in the coming days.. keep holding the same.
Dow is trading up 175 points when I am writin this article...
Happy Investing
Investomaniac
JAIDADIKI
I hope every body bought the recommended shares today in the late hours...(which was mentioned in the previous blog that to buy only on tuesday late trade, not before that). We might open gap up and it has to be seen wheather we sustain at higher levels or we see the selling pressure. As i have told before that there was some news of Foreign Funds entering the Indian markets in the 2nd week of Feb and we can see an upmove from there... (All these news have been shared in this blog, kindly refer the previous posts).
My Nifty target before this months expiry is 5500+ and thats the reason why I asked all to BUY NIFTY 5500 Calls...
The other delivery stocks willl rock in the coming days.. keep holding the same.
Dow is trading up 175 points when I am writin this article...
Happy Investing
Investomaniac
JAIDADIKI
Sunday, February 10, 2008
JAIDADIKI
Following are the stocks/futures/options strategy for the coming days. (Buy on Tuesday late trade or Wednesday for delivery). Some of the stocks have already been recommended before and hence would like all to average them or make fresh buying in these stocks. Markets are looking positive from 14th Feb, 2008, However we wont wait till the 14th to BUY QUALITY STOCKS… We would do that 1-2 days before
1) ELGI EQUIPMENTS – Target 92+ Short Term
2) RATHI UDYOG – Target 50+ Short Term
3) HOUSE OF PEARLS FASHION LTD – Target 400 Medium Term
4) KOHINOOR BROADCASTING – Target 30+ Medium Term
5) RANBAXY LABORATORY – Target 500+ Medium Term
6) DEEPAK and NAGARJUNA FERTILIZERS are looking good for very short term (will participate heavily in the PRE-BUDGET RALLY)
7) TANLA SOLUTIONS – Target 800+ Short Term, Long Term Targets are HUGE.. 4 figures…
8) MARUTI – Target 900+ Short Term
9) SHRI LAKSHMI COTSYN LTD – Target 235+ Medium Term
10) EMMSONS INTERNATIONAL- Target 250+ Short Term, Long Term Targets are HUGE (it’s a very good long term investment for 1+ year view)
11) RELIANCE COMMUNICATIONS – Target 850+ Medium Term/Long Term
FUTURES/OPTIONS
1)BUY NIFTY FUT only on or after Tuesday for a target of 5500+
2)BUY THE UNDERMENTIONED OPTION TRADES (The third one NIFTY 6000 CE FEB 08, is a lottery ticket of Rs 1000, only for those who are in ample profit. Treat it as a LOSS. That’s why we call it a lottery ticket, either you loose the entire Rs 1000 or you get Rs 5000.)
Instrument
Type Expiry Type Strike High Low Prev Close Last Price
OPTIDX NIFTY 28-Feb-08 CE 5500 106 75 101.75 93.25
OPTIDX NIFTY 27-Mar-08 CE 6000 100 76 94.25 80.2
OPTIDX NIFTY 28-Feb-08 CE 6000 27 16 22.95 20.8
***
Please Note:- Its not possible to publish all the details of all the stocks mentioned here. Anybody who wants the details and the reasons why I am recommending the stock or any queries regarding the stock/options mentioned above can feel free to contact for the details @ nishantlakkar@gmail.com
Also, Dont buy the stocks in a hurry. Please wait till Tuesday late trade or wednesday before investing in these trades. For disclaimer please see the bottom of the page. Myself do not have any positions in the stocks mentioned above however we can enter these recommendations on the date mentioned.
Happy Investing
Investomaniac
JAIDADIKI
Following are the stocks/futures/options strategy for the coming days. (Buy on Tuesday late trade or Wednesday for delivery). Some of the stocks have already been recommended before and hence would like all to average them or make fresh buying in these stocks. Markets are looking positive from 14th Feb, 2008, However we wont wait till the 14th to BUY QUALITY STOCKS… We would do that 1-2 days before
1) ELGI EQUIPMENTS – Target 92+ Short Term
2) RATHI UDYOG – Target 50+ Short Term
3) HOUSE OF PEARLS FASHION LTD – Target 400 Medium Term
4) KOHINOOR BROADCASTING – Target 30+ Medium Term
5) RANBAXY LABORATORY – Target 500+ Medium Term
6) DEEPAK and NAGARJUNA FERTILIZERS are looking good for very short term (will participate heavily in the PRE-BUDGET RALLY)
7) TANLA SOLUTIONS – Target 800+ Short Term, Long Term Targets are HUGE.. 4 figures…
8) MARUTI – Target 900+ Short Term
9) SHRI LAKSHMI COTSYN LTD – Target 235+ Medium Term
10) EMMSONS INTERNATIONAL- Target 250+ Short Term, Long Term Targets are HUGE (it’s a very good long term investment for 1+ year view)
11) RELIANCE COMMUNICATIONS – Target 850+ Medium Term/Long Term
FUTURES/OPTIONS
1)BUY NIFTY FUT only on or after Tuesday for a target of 5500+
2)BUY THE UNDERMENTIONED OPTION TRADES (The third one NIFTY 6000 CE FEB 08, is a lottery ticket of Rs 1000, only for those who are in ample profit. Treat it as a LOSS. That’s why we call it a lottery ticket, either you loose the entire Rs 1000 or you get Rs 5000.)
Instrument
Type Expiry Type Strike High Low Prev Close Last Price
OPTIDX NIFTY 28-Feb-08 CE 5500 106 75 101.75 93.25
OPTIDX NIFTY 27-Mar-08 CE 6000 100 76 94.25 80.2
OPTIDX NIFTY 28-Feb-08 CE 6000 27 16 22.95 20.8
***
Please Note:- Its not possible to publish all the details of all the stocks mentioned here. Anybody who wants the details and the reasons why I am recommending the stock or any queries regarding the stock/options mentioned above can feel free to contact for the details @ nishantlakkar@gmail.com
Also, Dont buy the stocks in a hurry. Please wait till Tuesday late trade or wednesday before investing in these trades. For disclaimer please see the bottom of the page. Myself do not have any positions in the stocks mentioned above however we can enter these recommendations on the date mentioned.
Happy Investing
Investomaniac
JAIDADIKI
Thursday, February 7, 2008
Market Outlook (08/02/2008)
Hi Friends
As I have been telling you all from the past so many days and specially from last week, that markets are not looking good and one should stay away fot the time being.
Start Buying quality stocks and my recommended stocks (if u want to average or for fresh purchases) only from/after tuesday..My recent picks.. ELGI EQUIPMENTS. RATHI UDYOG have done exceptionally well even in these market conditions.
Will update about some stocks to BUY in the weekend. I had already told that markets would be good only from the 2nd week of feb when 2 big funds would be investing with large sum in Indian Markets... and time will tell wheather my news is correct or not.
Keep Watching Till Then... Refer to the latest announcements made by KOHINOOR BROADCASTING on BSE WEBSITE dated 6-7 Feb.. POSITIVE NEWS FROM THE COMPANY>>> Hence keep accumulating the stock.. It is consolidating @ 10.7 and 11.5 right now and can blast anytime.. Keep holding.
Happy Investing
Investomaniac
JAIDADIKI
As I have been telling you all from the past so many days and specially from last week, that markets are not looking good and one should stay away fot the time being.
Start Buying quality stocks and my recommended stocks (if u want to average or for fresh purchases) only from/after tuesday..My recent picks.. ELGI EQUIPMENTS. RATHI UDYOG have done exceptionally well even in these market conditions.
Will update about some stocks to BUY in the weekend. I had already told that markets would be good only from the 2nd week of feb when 2 big funds would be investing with large sum in Indian Markets... and time will tell wheather my news is correct or not.
Keep Watching Till Then... Refer to the latest announcements made by KOHINOOR BROADCASTING on BSE WEBSITE dated 6-7 Feb.. POSITIVE NEWS FROM THE COMPANY>>> Hence keep accumulating the stock.. It is consolidating @ 10.7 and 11.5 right now and can blast anytime.. Keep holding.
Happy Investing
Investomaniac
JAIDADIKI
Tuesday, February 5, 2008
Market Outlook (05/02/2008)
Hi Friends
Markets were not able to cross the 5500 mark with good volumes. It tried couple of times before closing almost flat with modest gains. As said earlier that to confirm the BULL RUN Nifty has to cross 5600++ with good volumes and sustain there. US markets are down after an unexpected contraction in the service sector rekindled investors worry that the economy is headed for recession. At this point of time DOW is more then 200 points down. We can open gap down and 5380-5360 are important support levels, if broken then we can see fresh selling and it can take the index down to 5300-5250. Rathi Udyog recom last week hits the consecutive upper freeze. Keep holding the stock preferential allotment @ 51. Stock trading @ 32. Risk Averse investors can book some profits tomm. Nifty 5500 Call given @ 170 in jan last week.. asked all to book out today.. made an high of 243. We will wait for sometime before taking any fresh longs.
Happy Investing
Investomaniac
JAIDADIKI
Markets were not able to cross the 5500 mark with good volumes. It tried couple of times before closing almost flat with modest gains. As said earlier that to confirm the BULL RUN Nifty has to cross 5600++ with good volumes and sustain there. US markets are down after an unexpected contraction in the service sector rekindled investors worry that the economy is headed for recession. At this point of time DOW is more then 200 points down. We can open gap down and 5380-5360 are important support levels, if broken then we can see fresh selling and it can take the index down to 5300-5250. Rathi Udyog recom last week hits the consecutive upper freeze. Keep holding the stock preferential allotment @ 51. Stock trading @ 32. Risk Averse investors can book some profits tomm. Nifty 5500 Call given @ 170 in jan last week.. asked all to book out today.. made an high of 243. We will wait for sometime before taking any fresh longs.
Happy Investing
Investomaniac
JAIDADIKI
Monday, February 4, 2008
Delivery BUY- Kotak Mahindra Bank
Kotak Mahindra Bank (Tgt 1300+ in LONG TERM) Very Safe Investment for one year with around 30-40% returns)
A financial powerhouse, with strong presence in almost all financial services the Bank will continue to be well-positioned to capitalise on ample opportunities in the Indian financial sector.
52-week High/Low
Rs 1436 / 302
Current Price
Rs 961 (as on 1st February 2008)
Kotak obtained its banking license in 2002. Today Kotak group has strong presnce in most of the financial services such as securities, investment banking, life insurance, asset management, mutual fund and banking, and it has become one of the leading players in capital markets in India.
Today, the group has a net worth of over Rs 5,609 crore, employs around 17,100 people in its various businesses and has a distribution network of branches, franchisees, representative offices and satellite offices across 344 cities and towns in India and offices in New York, London, Dubai, Mauritius and Singapore. The Group services around 3.6 million customer accounts.
Outstanding consolidated performance
For the quarter ended Dec '07 Kotak Mahindra Bank reported 88% growth in Interest income at Rs 992.32 crore with the interest on advances going up 78% to Rs 698.46 crore. Interest expenses increased 90% to Rs 506.03 crore restricting the growth of net interest income (NII) by 86% to Rs 486.29 crore. Other income 125% to Rs 1490.39 crore, this included fee income of Rs 527.47 crore. Operating profit increased 124% to Rs 651.75 crore despite 110% increase in operating expenses (including staff cost) at Rs 1324.93 crore. PAT before minority interest increased 116% to Rs 352.42 crore. Share of minority interest stood as profit at Rs 5.60 crore compared to Rs 4.57 crore. Also profits from associates stood at Rs 5.71 crore compared to Rs 2.11 crore. Finally, PAT grew 114% to Rs 363.73 crore. NII for the nine months ended Dec '07 increased by 73% to Rs 1195.67 crore. Net total income was up by 97% to Rs 4338.41crore with 108% increase in other income at Rs 3142.74 crore. However the operating expenses increased by 96% to Rs 3052.32 crore restricting the operating profit to grow by 100% to Rs 1286.09 crore. Provisions increased by 134% to Rs 222.12 crore and tax provision increased by 84% to Rs 346.12 crore. After accounting for minority interest and share of profits the Net profit increased by 104% to Rs 751.13 crore.
All its subsidiaries are doing well
Kotak Mahindra Prime – car finance, other lending
Auto advances up 32% to Rs 43 bn as on December 2007 from Rs 33 bn as on December 2006. Other advances were Rs 13 bn as on December 31, 2007. PAT was up 244% to Rs 373.7 mn in Q3FY08 from Rs 108.8 mn in Q3FY07.
Kotak's small lending business gives it some strong advantages: it can grow at a rapid pace despite slowing growth in the system. In addition, it can stay focused on high-margin businesses, which help to sustain its above-average net interest margins. This business is expected to increase significantly over time.
Kotak Investment Advisors Limited (KIAL) – alternate assets management
Effective October 1, 2007, the investment management of real estate and private equity funds of the group have been assigned to Kotak Investment Advisors Limited (erstwhile Kotak Mahindra Securities Limited), which is 100% beneficially owned by Bank. KIAL manages / advises private equity and realty funds aggregating to an AUM of Rs 38 bn. Currently raising a domestic private equity fund and second round of international realty fund.
International Subsidiaries
As on December 31, 2007, assets managed / advised by international subsidiaries were USD 3.5 bn (USD 1.4 bn as on December 31, 2007). This company was the lead manager to the Rs 2.2 bn Prime Focus FCCB issue.
Kotak Mahindra Capital Company – investment banking and primary dealer
Kotak Investment Banking for CY 2007 was ranked No. 1 by Bloomberg for (a) India Domestic IPOs, (b) India Domestic Equity Offerings (IPO, Additional Offerings and QIP) Kotak Investment Banking was Joint Global coordinator and Book Running Lead Manager to the Rs 39.7 bn GMR Infrastructure Ltd, Rs 16.2 bn Kotak Mahindra Bank Ltd, Rs 5.9 bn CESC Ltd and Global coordinator and Book Runner for the Rs 6.0 billion Godrej Industries Ltd Kotak Investment Banking was Book running Lead Manager to the following major Public issues Rs 17.7 bn Mundra Port & Special Economic Zone Ltd Rs 6.9 bn Edelweiss Capital Ltd, Rs 4.4 bn BGR Energy Systems Ltd, Rs 3.1 bn Jyothy Laboratories Ltd
Kotak Securities – stock broking
Kotak Securities (retail, online and institutional segments) clocked average daily volumes of over Rs 75 bn during Q3FY08 (Rs 40 bn during Q3FY07). Average daily volumes for FY07 were Rs 37 bn Kotak Securities accounted for 7.8% of total average daily market volumes in YTD FY08 AUM in Portfolio Management Services was Rs 46.2 bn as on December 2007 (Rs 21.3 bn as on December 2006)Kotak Institutional Equities growth momentum continues and we expect this momentum to be sustained. To this end, Kotak institutional equities is focused on client coverage, relationship and is investing in and recruiting quality professionals to help sustain this growth.
Kotak Securities has a network of over 867 offices (own & franchisees) across 309 cities and towns and services more than 390,000 secondary market customers Kotak Mahindra Asset Management Company and Trustee Company – asset management
Total AUM as on December 2007 was Rs 208.7 bn (Rs 126.9 bn as on December 2006).
Equity AUM as on December 2007 was Rs 43.6 bn (Rs 26.4 bn as on December 2006).
KMAMC has 71 branches and satellite offices servicing over 596,000 investors.
Kotak Indo World Infrastructure Fund NFO during Q3FY07 garnered Rs 9.6 bn.
Kotak Mahindra Old Mutual Life Insurance - life insurance
Kotak Life Insurance (KLI) premium income grew 96% to Rs 4178.8 mn in Q3FY08 from Rs 2,132.6 mn in Q3FY07. First year regular premium grew 98% to Rs 2,661.4 mn in Q3FY08 from Rs 1,34 3.9 mn in Q3FY08 Kotak Life has a network of 106 branches in 74 cities (65 branches as on 31st December 2006). As on December 31, 2007, KLI had over 443,700 individual policies on books representing a basic sum assured of ~ Rs 169 bn (excluding riders).
Additionally, Kotak Life had around 330 group policies covering over 677,400 lives with an aggregate sum assured of ~ Rs 224 bn.
Best investment bank play
Kotak's high exposure to capital markets is positive, and is a solid structural bull story in that space. India's demographic changes and strong growth should produce a surge in the addressable market for retail and wholesale capital market services and that this segment will experience strong growth. Kotak, with its market leadership in broking and capital markets, is one of the best listed plays on this theme.
India's savings rate has been rising consistently since 1999, and it is now at 29% vs 22% ten years ago. Rising household savings has been a key driver, expanding from 14% of GDP to 22% between 1986 and 2006. As a result, the total stock of household savings rose at a 12% CAGR over 1996–2006. The capital markets and investment services are natural beneficiaries of this trend. The Indian middle-class has traditionally favoured government-guarante ed fixed-income investments. As disposable incomes rise, particularly for younger people, those investments have started to lose their attractiveness vis-à-vis riskier equity-related investments.
Kotak is well geared to exploit that with a full suite of investment services: retail broking, mutual funds, life insurance, portfolio management and wealth management.
This gives Kotak a very strong advantage. Kotak's each product appeals to different segments of the market – a full suite helps Kotak retain customers. Moreover, the product-neutral wealth-management service provides the added advantage of being able to sell third-party mutual fund products, which ensures that the product providers and the marketing machine operate independently and can capture a larger part of customer flows.
Well placed to withstand competition
Kotak has a strong brand name and many strengths.
Branding: Although some of the new entrants are formidable brands, Kotak enjoys unique branding as a specialist investment house. This should continue to give it a headstart in the market, especially in the western region.
Incumbent advantage – reach and franchisees. : Kotak is already present in 60 cities, having rolled out its network. With real estate costs having risen sharply during the past few years, new players will have to fight to match Kotak's reach. In addition, Kotak's franchisee network has already been locked-in – new players may find that the best "target" franchisees are already gone. Even if they manage to lure some franchisees away from Kotak, that will take time and may succeed only to a limited extent.
Commercial banking licence: Kotak's commercial banking licence is a very strong differentiator. It allows the bank to seamlessly sell both assets and liabilities – linked financial products – and provides it with a natural reach and customer acquisition platform. Kotak is one of the few banks to have a strong suite of investment products. Most brokers do not have bank licences, and most banks do not have strong broking businesses.
Synergy across businesses: The other strong advantage for Kotak is its holding structure, which gives it a strong synergy across businesses. With almost all the businesses held as 100% subsidiaries, Kotak responds to a central command and control structure much better than in other similar conglomerates.
Valuation
In FY 2008, we expect Kotak to register EPS of Rs 28.5 In FY 2009, this EPS is likely to rise to Rs 38.8. The share price trades at Rs 961. While the P/E on FY 2008 EPS is 33.6, it falls to 25 on FY 2009 EPS.
A financial powerhouse, with strong presence in almost all financial services the Bank will continue to be well-positioned to capitalise on ample opportunities in the Indian financial sector.
52-week High/Low
Rs 1436 / 302
Current Price
Rs 961 (as on 1st February 2008)
Kotak obtained its banking license in 2002. Today Kotak group has strong presnce in most of the financial services such as securities, investment banking, life insurance, asset management, mutual fund and banking, and it has become one of the leading players in capital markets in India.
Today, the group has a net worth of over Rs 5,609 crore, employs around 17,100 people in its various businesses and has a distribution network of branches, franchisees, representative offices and satellite offices across 344 cities and towns in India and offices in New York, London, Dubai, Mauritius and Singapore. The Group services around 3.6 million customer accounts.
Outstanding consolidated performance
For the quarter ended Dec '07 Kotak Mahindra Bank reported 88% growth in Interest income at Rs 992.32 crore with the interest on advances going up 78% to Rs 698.46 crore. Interest expenses increased 90% to Rs 506.03 crore restricting the growth of net interest income (NII) by 86% to Rs 486.29 crore. Other income 125% to Rs 1490.39 crore, this included fee income of Rs 527.47 crore. Operating profit increased 124% to Rs 651.75 crore despite 110% increase in operating expenses (including staff cost) at Rs 1324.93 crore. PAT before minority interest increased 116% to Rs 352.42 crore. Share of minority interest stood as profit at Rs 5.60 crore compared to Rs 4.57 crore. Also profits from associates stood at Rs 5.71 crore compared to Rs 2.11 crore. Finally, PAT grew 114% to Rs 363.73 crore. NII for the nine months ended Dec '07 increased by 73% to Rs 1195.67 crore. Net total income was up by 97% to Rs 4338.41crore with 108% increase in other income at Rs 3142.74 crore. However the operating expenses increased by 96% to Rs 3052.32 crore restricting the operating profit to grow by 100% to Rs 1286.09 crore. Provisions increased by 134% to Rs 222.12 crore and tax provision increased by 84% to Rs 346.12 crore. After accounting for minority interest and share of profits the Net profit increased by 104% to Rs 751.13 crore.
All its subsidiaries are doing well
Kotak Mahindra Prime – car finance, other lending
Auto advances up 32% to Rs 43 bn as on December 2007 from Rs 33 bn as on December 2006. Other advances were Rs 13 bn as on December 31, 2007. PAT was up 244% to Rs 373.7 mn in Q3FY08 from Rs 108.8 mn in Q3FY07.
Kotak's small lending business gives it some strong advantages: it can grow at a rapid pace despite slowing growth in the system. In addition, it can stay focused on high-margin businesses, which help to sustain its above-average net interest margins. This business is expected to increase significantly over time.
Kotak Investment Advisors Limited (KIAL) – alternate assets management
Effective October 1, 2007, the investment management of real estate and private equity funds of the group have been assigned to Kotak Investment Advisors Limited (erstwhile Kotak Mahindra Securities Limited), which is 100% beneficially owned by Bank. KIAL manages / advises private equity and realty funds aggregating to an AUM of Rs 38 bn. Currently raising a domestic private equity fund and second round of international realty fund.
International Subsidiaries
As on December 31, 2007, assets managed / advised by international subsidiaries were USD 3.5 bn (USD 1.4 bn as on December 31, 2007). This company was the lead manager to the Rs 2.2 bn Prime Focus FCCB issue.
Kotak Mahindra Capital Company – investment banking and primary dealer
Kotak Investment Banking for CY 2007 was ranked No. 1 by Bloomberg for (a) India Domestic IPOs, (b) India Domestic Equity Offerings (IPO, Additional Offerings and QIP) Kotak Investment Banking was Joint Global coordinator and Book Running Lead Manager to the Rs 39.7 bn GMR Infrastructure Ltd, Rs 16.2 bn Kotak Mahindra Bank Ltd, Rs 5.9 bn CESC Ltd and Global coordinator and Book Runner for the Rs 6.0 billion Godrej Industries Ltd Kotak Investment Banking was Book running Lead Manager to the following major Public issues Rs 17.7 bn Mundra Port & Special Economic Zone Ltd Rs 6.9 bn Edelweiss Capital Ltd, Rs 4.4 bn BGR Energy Systems Ltd, Rs 3.1 bn Jyothy Laboratories Ltd
Kotak Securities – stock broking
Kotak Securities (retail, online and institutional segments) clocked average daily volumes of over Rs 75 bn during Q3FY08 (Rs 40 bn during Q3FY07). Average daily volumes for FY07 were Rs 37 bn Kotak Securities accounted for 7.8% of total average daily market volumes in YTD FY08 AUM in Portfolio Management Services was Rs 46.2 bn as on December 2007 (Rs 21.3 bn as on December 2006)Kotak Institutional Equities growth momentum continues and we expect this momentum to be sustained. To this end, Kotak institutional equities is focused on client coverage, relationship and is investing in and recruiting quality professionals to help sustain this growth.
Kotak Securities has a network of over 867 offices (own & franchisees) across 309 cities and towns and services more than 390,000 secondary market customers Kotak Mahindra Asset Management Company and Trustee Company – asset management
Total AUM as on December 2007 was Rs 208.7 bn (Rs 126.9 bn as on December 2006).
Equity AUM as on December 2007 was Rs 43.6 bn (Rs 26.4 bn as on December 2006).
KMAMC has 71 branches and satellite offices servicing over 596,000 investors.
Kotak Indo World Infrastructure Fund NFO during Q3FY07 garnered Rs 9.6 bn.
Kotak Mahindra Old Mutual Life Insurance - life insurance
Kotak Life Insurance (KLI) premium income grew 96% to Rs 4178.8 mn in Q3FY08 from Rs 2,132.6 mn in Q3FY07. First year regular premium grew 98% to Rs 2,661.4 mn in Q3FY08 from Rs 1,34 3.9 mn in Q3FY08 Kotak Life has a network of 106 branches in 74 cities (65 branches as on 31st December 2006). As on December 31, 2007, KLI had over 443,700 individual policies on books representing a basic sum assured of ~ Rs 169 bn (excluding riders).
Additionally, Kotak Life had around 330 group policies covering over 677,400 lives with an aggregate sum assured of ~ Rs 224 bn.
Best investment bank play
Kotak's high exposure to capital markets is positive, and is a solid structural bull story in that space. India's demographic changes and strong growth should produce a surge in the addressable market for retail and wholesale capital market services and that this segment will experience strong growth. Kotak, with its market leadership in broking and capital markets, is one of the best listed plays on this theme.
India's savings rate has been rising consistently since 1999, and it is now at 29% vs 22% ten years ago. Rising household savings has been a key driver, expanding from 14% of GDP to 22% between 1986 and 2006. As a result, the total stock of household savings rose at a 12% CAGR over 1996–2006. The capital markets and investment services are natural beneficiaries of this trend. The Indian middle-class has traditionally favoured government-guarante ed fixed-income investments. As disposable incomes rise, particularly for younger people, those investments have started to lose their attractiveness vis-à-vis riskier equity-related investments.
Kotak is well geared to exploit that with a full suite of investment services: retail broking, mutual funds, life insurance, portfolio management and wealth management.
This gives Kotak a very strong advantage. Kotak's each product appeals to different segments of the market – a full suite helps Kotak retain customers. Moreover, the product-neutral wealth-management service provides the added advantage of being able to sell third-party mutual fund products, which ensures that the product providers and the marketing machine operate independently and can capture a larger part of customer flows.
Well placed to withstand competition
Kotak has a strong brand name and many strengths.
Branding: Although some of the new entrants are formidable brands, Kotak enjoys unique branding as a specialist investment house. This should continue to give it a headstart in the market, especially in the western region.
Incumbent advantage – reach and franchisees. : Kotak is already present in 60 cities, having rolled out its network. With real estate costs having risen sharply during the past few years, new players will have to fight to match Kotak's reach. In addition, Kotak's franchisee network has already been locked-in – new players may find that the best "target" franchisees are already gone. Even if they manage to lure some franchisees away from Kotak, that will take time and may succeed only to a limited extent.
Commercial banking licence: Kotak's commercial banking licence is a very strong differentiator. It allows the bank to seamlessly sell both assets and liabilities – linked financial products – and provides it with a natural reach and customer acquisition platform. Kotak is one of the few banks to have a strong suite of investment products. Most brokers do not have bank licences, and most banks do not have strong broking businesses.
Synergy across businesses: The other strong advantage for Kotak is its holding structure, which gives it a strong synergy across businesses. With almost all the businesses held as 100% subsidiaries, Kotak responds to a central command and control structure much better than in other similar conglomerates.
Valuation
In FY 2008, we expect Kotak to register EPS of Rs 28.5 In FY 2009, this EPS is likely to rise to Rs 38.8. The share price trades at Rs 961. While the P/E on FY 2008 EPS is 33.6, it falls to 25 on FY 2009 EPS.
Delivery Buy- Elgi Equipments
1)Elgi Equipments, market leader and Asia’s largest manufacturer of air compressor and automobile service station equipment, has reported very good performance for Q3 FY 2008. Consolidated Net Sales grew @ 24.8% to Rs.119.81 crore led by 24.9% growth in Compressor sales of Rs. 98.66 crore. Automotive business turnover grew @ 22.4% to Rs.19.02 crore. OPM% improved marginally to 11.1%. Consequently, PBT (before extraordinary items) rose by 30.7% to Rs.12.31 crore. Lower average tax rate
of 23.2% (28.6%) lifted PAT up by 41.7% to Rs. 9.45 crore.
2) For 9 months ending December 31, 2007, net sales were up by 31.5% to Rs 357.01 crore. OPM% improved to 12.1% (10.4%) due to operational efficiencies and more contribution from high margin compressor business. As a result, PBT (before extraordinary items) spurted up by 69.4% to Rs 43.61 crore. Further aided by lower average tax rate of 28.8% (31.4%) PAT jumped up by 77% to 31.06 crore.
3)ELGI's compressor finds application in industries ranging from mining, defence, transport, pharmaceuticals, power, oil, railways, chemicals, textiles, printing to ship building, paper, electronics, telecommunications, medical, food & beverages and plastics. To widen its sphere of product application & technology and offer complete air solution in oil free segment, it has tied-up with CompAir UK, one of world’s leading manufacturers of compressed air & gas systems. This agreement would not only expand the range but would also enhance exports. Vast opportunities in gas compressor sector offers huge growth potential and margin improvement for ELGI.
4)Company will be setting up an assembly unit in China. This is because Chinese compressor market is 4 times bigger than Indian market. Profitability is same as Indian market. Company will source raw material from local Chinese suppliers. This unit is expected to meaningful contribute from FY 2009.
5)To focus on core business, company undertook restructuring exercise by selling off its diesel engine business in FY 2007 and spun-off its Automotive Equipment business into 100% subsidiary – ATS Elgi Ltd w.e.f August 1, 2007. It has signed technical collaboration agreement with MAHA of Germany, premium workshop equipment manufacturing company. Under this agreement, company would be manufacturing high-end electronically synchronized two post lifts. These would be manufactured and sold
in Indian market under ATS ELGI - MAHA name and exported to other Asian countries as well. The project in underway and products will be rolled out in Q4 FY 2008. Company has tied up with Reliance Retail to provide total automotive solutions thru Reliance Mart (Car Service Workshop) which will set up 500 marts across India.
6)In FY 2007, company ventured into a new business – manufacturing engineering, which involves providing engineering services & manufacturing parts to customers worldwide. This business has achieved sales of Rs. 10 crore in first 9 months (Rs. 8 crore in FY 2007). As there is huge growth potential in this nascent business, company plans to invest Rs. 18 crore.
Stock has a target of Rs 100++ in 3 months time. (At this point of time do no BUY in big quantitiy, because we are nearing budget and the market movements are not confirmed we can go either way from here)
of 23.2% (28.6%) lifted PAT up by 41.7% to Rs. 9.45 crore.
2) For 9 months ending December 31, 2007, net sales were up by 31.5% to Rs 357.01 crore. OPM% improved to 12.1% (10.4%) due to operational efficiencies and more contribution from high margin compressor business. As a result, PBT (before extraordinary items) spurted up by 69.4% to Rs 43.61 crore. Further aided by lower average tax rate of 28.8% (31.4%) PAT jumped up by 77% to 31.06 crore.
3)ELGI's compressor finds application in industries ranging from mining, defence, transport, pharmaceuticals, power, oil, railways, chemicals, textiles, printing to ship building, paper, electronics, telecommunications, medical, food & beverages and plastics. To widen its sphere of product application & technology and offer complete air solution in oil free segment, it has tied-up with CompAir UK, one of world’s leading manufacturers of compressed air & gas systems. This agreement would not only expand the range but would also enhance exports. Vast opportunities in gas compressor sector offers huge growth potential and margin improvement for ELGI.
4)Company will be setting up an assembly unit in China. This is because Chinese compressor market is 4 times bigger than Indian market. Profitability is same as Indian market. Company will source raw material from local Chinese suppliers. This unit is expected to meaningful contribute from FY 2009.
5)To focus on core business, company undertook restructuring exercise by selling off its diesel engine business in FY 2007 and spun-off its Automotive Equipment business into 100% subsidiary – ATS Elgi Ltd w.e.f August 1, 2007. It has signed technical collaboration agreement with MAHA of Germany, premium workshop equipment manufacturing company. Under this agreement, company would be manufacturing high-end electronically synchronized two post lifts. These would be manufactured and sold
in Indian market under ATS ELGI - MAHA name and exported to other Asian countries as well. The project in underway and products will be rolled out in Q4 FY 2008. Company has tied up with Reliance Retail to provide total automotive solutions thru Reliance Mart (Car Service Workshop) which will set up 500 marts across India.
6)In FY 2007, company ventured into a new business – manufacturing engineering, which involves providing engineering services & manufacturing parts to customers worldwide. This business has achieved sales of Rs. 10 crore in first 9 months (Rs. 8 crore in FY 2007). As there is huge growth potential in this nascent business, company plans to invest Rs. 18 crore.
Stock has a target of Rs 100++ in 3 months time. (At this point of time do no BUY in big quantitiy, because we are nearing budget and the market movements are not confirmed we can go either way from here)
Market Review
Hi Friends
Rathi Udyog recommeded @ 28 hits 2 consecutive buying freeze.. Still worth a BUY.
Market as expected..opened strong.. and ended on a strong note. All those who had bought the 5500 Nifty call @ 170 on my recommendation.. can book out the profits tommorrow. All those who are holding the lottery ticket of NIFTY 6300 call @ 50 given in JAN for Feb series.. keep holding it (treat is as a lottery ticket as i said before).
The RPOWER refund have started and it will attract fresh buying from the investors after getting the refund. RPOWER is listing on 11th Feb, 2008.
I once again caution investors to stay away fully or stay in maximum cash till the BUDGET because we are at a very uncertain position and we can see a major move either side. Also I have some intresting data for all which proves that at current levels we are standing at very very important support/resistence levels for NIFTY and we need to cross it with heavy volumes and sustain to confirm the end of the BEARS.
The biggest Call OI is seen at 5,600 strikes (12.21 per cent of total
Call OI) and it will act as resistance. The 33.2 per cent of Put OI is
seen at 5,100 (17.94 per cent) and 5,000 (15.25 per cent) and hence it
will act as support levels
Today I am going to give some detailed reports aboput the few stocks which I have been covering recently and I feel that they are going to be the MULTIBAGGERS for MEDIUM?LONG TERM INVESTMENT.
The stocks are discused individually on this blog.
Happy Investing
Investomaniac
JAIDADIKI
Rathi Udyog recommeded @ 28 hits 2 consecutive buying freeze.. Still worth a BUY.
Market as expected..opened strong.. and ended on a strong note. All those who had bought the 5500 Nifty call @ 170 on my recommendation.. can book out the profits tommorrow. All those who are holding the lottery ticket of NIFTY 6300 call @ 50 given in JAN for Feb series.. keep holding it (treat is as a lottery ticket as i said before).
The RPOWER refund have started and it will attract fresh buying from the investors after getting the refund. RPOWER is listing on 11th Feb, 2008.
I once again caution investors to stay away fully or stay in maximum cash till the BUDGET because we are at a very uncertain position and we can see a major move either side. Also I have some intresting data for all which proves that at current levels we are standing at very very important support/resistence levels for NIFTY and we need to cross it with heavy volumes and sustain to confirm the end of the BEARS.
The biggest Call OI is seen at 5,600 strikes (12.21 per cent of total
Call OI) and it will act as resistance. The 33.2 per cent of Put OI is
seen at 5,100 (17.94 per cent) and 5,000 (15.25 per cent) and hence it
will act as support levels
Today I am going to give some detailed reports aboput the few stocks which I have been covering recently and I feel that they are going to be the MULTIBAGGERS for MEDIUM?LONG TERM INVESTMENT.
The stocks are discused individually on this blog.
Happy Investing
Investomaniac
JAIDADIKI
Sunday, February 3, 2008
Market Outlook (04/02/2008)
Hi Friends
Markets are well poised at this stage for a trend reversal and hence we can well see Nifty levels of 5600-5650++ in this week. However we will have to wait for 5650 to cross and sustain there for sometime before we can confirm the end of BLOOD THIRSTY BEARS. As always, staying away till the budget is always the BEST BUY in these scenarios but for those whose risk appetite is a little higher can trade a bit but for very short term. There are few stocks which I am covering right now and i feel that they are going to be the HOT FAVOURITES in the coming days.
Rathi Udyog (CMP arnd 28)- Preferential allotment news @ 51
This could well be a PREBUDGET RALLY which we are expecting.. and any positive/negative news from the FINMIN can take the markets either ways..and by either ways I mean.. that it can move 1000+++ points up/down based on the markets sentiments related to the news. Hence CAREFULL..
Happy Investing
Investomaniac
JAIDADIKI
Markets are well poised at this stage for a trend reversal and hence we can well see Nifty levels of 5600-5650++ in this week. However we will have to wait for 5650 to cross and sustain there for sometime before we can confirm the end of BLOOD THIRSTY BEARS. As always, staying away till the budget is always the BEST BUY in these scenarios but for those whose risk appetite is a little higher can trade a bit but for very short term. There are few stocks which I am covering right now and i feel that they are going to be the HOT FAVOURITES in the coming days.
Rathi Udyog (CMP arnd 28)- Preferential allotment news @ 51
This could well be a PREBUDGET RALLY which we are expecting.. and any positive/negative news from the FINMIN can take the markets either ways..and by either ways I mean.. that it can move 1000+++ points up/down based on the markets sentiments related to the news. Hence CAREFULL..
Happy Investing
Investomaniac
JAIDADIKI
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