STOCK NAME :- JPHYDRO (BUY B/W 122 TO 141)
TARGET PRICE :- 170+
STOCK NAME :- ISPAT INDUSTRIES ( BUY B/W 78 TO 83)
TARGET PRICE :- 90+
Monday, December 31, 2007
Saturday, December 29, 2007
equity tips 4 jan
stock name :- HDFC (buy b/w 2860 to 2910)
target price :- 3150
stock name :- ICICI BANK (buy b/w 1195 to 1230)
target price :- 1400+
stock name :- kotak mahindra bank (buy b/w 1215 to 1300)
target price :- 1420+
stock name :- BANK OF INDIA (buy b/w 245 to 265)
target price :- 300+
stock name :- SBI (buy b/w 2320 to 2378)
target price :- 2600
stock name :- IMP POWERS (buy b/w 270 to 301)
target price :- 345+
stock name :- HINDALCO (buy b/w 203 to 211)
target price :- 235+
stock name :- GAIL (buy b/w 507 to 536)
target price :- 600+
stock name :- IFCI (buy b/w 72 to 80)
target price :- 97
stock name :- ELECTROSTEEL (buy b/w 78 to 87)
target price :- 101+
stock name :- tata steel (buy b/w 875 to 905)
target price :- 1050+
stock name :- BPCL (buy b/w 451 to 475)
target price :- 600+
stock name :- NIIT LTD (buy b/w 138 to 152)
target price :- 180+
stock name :- AMTEK INDIA (buy b/w 184 to 193)
target price :- 220+
stock name :- SAIL (buy b/w 260 to 280)
target price :- 330+
stock name :- XL TELECOM (buy b/w 545 to 573)
target price :- 645+
stock name :- KRISHNA LIFESTYLE TECHNOLOGIES LTD. (buy 3.50 to 5)
target price :- 20+ (on half yearly or yearly basis)
stock name :- KRISHNA FILAMENTS LTD. (buy b/w 22 to 28)
target price :- 45+
stock name :- OMAXE (buy b/w 545 to 575)
target price :- 690+
stock name :- DLF (buy b/w 975 to 1070)
target price :- 1200+
stock name :- Mahindra LifeStyle (buy b/w 810 to 850)
target price :- 1000+
Stock name :- GMR (buy b/w 230 to 250)
target price :- 330+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, December 18, 2007
EQUITY TIPS
BUY ICICI BANK (BUY B/W 1135 TO 1170)
TARGET PRICE :- 1265+
BUY KOTAK BANK (BUY B/W 1090 TO 1138)
TARGET PRICE :- 1245+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, December 17, 2007
EQUITY NEWS
TODAYS MARKET IS DOWN BECAUSE OF EUROPIAN AND ASIAN MARKET IS ALSO DOWN, I RECOMAND U TO BUY MORE STOCKS AND MAKE YOUR AVERAGE BUYING PRICE.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, December 11, 2007
Equity info
buy kotak mahindra bank target price 1420+ (buy b/w 1295 to 1325)
buy bank of india target price 378+ (buy b/w 352 to 362)
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tip
buy bank of india b/w 352 to 362, target price 378+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips
buy Religare target price 580+
buy Mahindra Life B/w 790 t0 815 target price 900+
buy Omaxe b/w 540 to 575 target price 620+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Saturday, December 8, 2007
EQUITY TIPS 4 U
Stock Name:- DLF (buy b/w 965 T01013)
cmp :- 1012.80
Target :1200+
Stock Name :- Unitech (buy b/w 390 t0 428)
cmp :- 428
Target :-520+
Stock Name :- Omaxe (buy b/w 465 to 495)
Cmp :- 494.80
Target :- 550+
(Note:- Omaxe likely to announce $5 bn deal, stock at new high)
Stock Name :- Tata Steel (buy b/w 815 to 832)
Cmp :- 832
Target :- 900+
Stock Name :- Ispat Industries (buy b/w 67.5 to 71)
Cmp:- 71
Target :- 85+
Stock Name :- Sail (buy b/w 260 to 275)
Cmp :- 273
Target :- 330+
Stock Name :- Uco bank (buy b/w 55.5 to 59)
Cmp :- 57.70
Target :- 65+
Stock Name:- Centurion Bank of Punjab (buy b/w 49 to 56)
Cmp :- 55.75
Target :- 70+
Stock Name :- Dena Bank (buy b/w 80 to 86)
Cmp :- 85.20
Target :- 98+
Stock Name :- Icici Bank (buy b/w 1175 to 1250)
Cmp :- 1247.60
Target :- 1400+
Stock Name :- TTML (buy b/w 52 to 55)
Cmp :- 54.65
Target :- 64+
Stock Name :- Hind Motors (buy b/w 44 to 48 )
Cmp :- 47.70
Target :- 60+
Stock Name :- Apollo Tyres (buy b/w 46 to 51)
Cmp :- 50.35
Target :- 60+
Stock Name :- Ceat (buy b/w 208 to 220)
Cmp :- 218.45
Target :- 280+
Stock Name :- NTPC (buy b/w 235 to 246)
Cmp :- 245.80
Target :- 280+
Stock Name :- PowerGrid (buy b/w 146 to 152)
Cmp :- 150.45
Target :- 200+
Stock Name :- WWIL (buy b/w 85 to 94)
Cmp :- 93.80
Target :- 115+
Stock Name :- GBN (buy b/w 925 to 955)
Cmp :- 952.15
Target :- 1070+
Stock Name :- Ruchi Soya (buy b/w 112 to 125)
Cmp :- 123.55
Target :- 145+
Stock Name :- Zensar Tech (buy b/w 175 to 187)
Cmp :- 186.25
Target :- 250+
Stock Name :- Hind Zinc (buy b/w 790 to 810)
Cmp :- 805
Target :- 900+
Stock Name :- Himadri Chemical (buy b/w 610 to 644)
Cmp :- 639.75
Target :- 750+
Thursday, December 6, 2007
EQUITY NEWS
GO WITH STEEL AND POWER STOCKS ITS GOOD FOR COMING 2YRS.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, November 28, 2007
Tuesday, November 27, 2007
EQUITY TPS
BUY:- IBREAL (BUY B/W 620 TO 644)
TARGET PRICE :- 690+
BUY DENA BANK (B/W 75 TO 80)
TARGET PRICE 95+
BUY PETRONET B/W 99 TO 108
TARGET PRICE 130+
BUY :- GMR INFRASTRUCTURE B/W 235 TO 245
TARGET PRICE :- 300+
BUY RPL B/W 180 TO 198
TARGET PRICE :- 350 IN MONTH OF JAN OR FEB
BUY INDIABULLS ( B/W 750 TO 775)
TARGET PRICE :-900+
BUY ISPAT INDUSTRIES B/W 38 TO 42
TARGET PRICE 60+
BUY TTML B/W 45 TO 48
TARGET PRICE 64+
BUY JPHYDRO B/W 105 TO 111
TARGET 130+
Tuesday, November 13, 2007
equity tips
buy uco bank running on 45+ target price 60
buy bank of baroda running on 367 target price 400+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, November 5, 2007
EQUITY TIPS
UNITECH ACQUIRES 1750 acres LAND, SO THE STOCK IS GOING UP
STAY WITH RNRL THIS ONE IS GIVE YOU GOD RETURNS IN THIS WEEK.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, October 30, 2007
EQUITY TIPS
STOCK NAME :- GARWARE OFFSHORE SERVICES LTD
CMP - 230
TARGET PRICE :- 280
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Thursday, October 25, 2007
Equity tips 4 u
(GO WITH OIL AND GAS STOCK ITS GOOD FOR LONG TERM PURPOSE)
Stock Name:- WELSPUN GUJRAT Running on 322 target Price 500+ in the end of December or starting of the next year.
Stock Name:- DABUR INDIA LTD Running on 107 Target Price 150+ in the end of December or starting of the next year.
Stock Name :- TRIVENI ENGINEERING Running on 137 Target Price 170+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, October 24, 2007
equity tips 4 u
stock name :- MTNL buy b/w 175 to 180
target price 200+
stock name :- POWER GRID
Target Price 200+
Stock name:- ZEE TELEFILM buy b/w 330 to 340
Target Price 390+
Stock name :- UNITECH buy b/w 330 to 340
Target price 450+
Stock name :- GMR INFRASTRUCTURE
Target Price 250+
Stock Name :- IDEA buy b/w 127 to 140
Target Price 180+
Stock name :- DLF
Target Price 1000+
Stock Name :- OMAXE
Target Price 380+
Stock Name :- RPL buy b/w 170 to 190
Target Price 350+
Stock Name :- IFCI buy b/w 75 to 85
Target Price :- 115+
Stock Name :- RNRL buy b/w 80 to 95
Target Price 115+
Stock Name :- INDIABULLS REALESTATE buy b/w 590 to 630
Target Price :- 750+
Stock name :- GESCOCORP buy b/w below 540 to 570
Target price :- 670+
Stock Name :- CRAIN INDIA LTD.
Target Price :- 300+
Monday, October 15, 2007
How to make money in stocks
The basic idea of value investing is to find stocks whose market prices are relatively low compared to the value of the underlying firms. Value investors often rely on ratios which compare the market price with a measure of underlying value.
One such popular measure is the P/E ratio which looks at the ratio of price to earnings. In this article we look at the P/BV ratio or price to book value which is another key tool for digging out undervalued stocks.
What is price to book value or the P/BV ratio?
P/BV is simply the market price per share divided by the book value of equity per share. The market price is straightforward but the concept of book value of equity requires further explanation.
It is based on the balance sheet of a company and is the difference between its assets (what it owns) and liabilities (what it owes).
Another way of thinking about the book value of equity is that it is the firm's proceeds when it first issued equity plus earnings since then (minus losses) and minus the dividends paid out over its life.
P/BV = (Equity + Earnings � Losses) � Dividend.
Why is P/BV a good measure of value?
Traditionally stocks with a P/BV significantly less than 1 are considered good buys.
The argument is that balance sheets are sometimes a better measure of a company's value than market prices which are often volatile and guided by sentiment.
Therefore firms which trade below their book value will sometimes be good firms which are being undervalued by fickle markets.
Another argument is that the book value of a company is a good estimate of its liquidation value: that is, the money left over after selling its assets and paying off its liabilities. Therefore a firm that trades below book value is likely to be a good buy.
There is a fair amount of evidence from around the world that low P/BV stocks do earn a higher return in the long run.
A study based on US stock returns between 1973 and 1984 found that stock with low P/BV earned a significantly higher return than the market. There have been similar results from studies in Japan, Europe and emerging economies like South Korea.
Are there any shortcomings to PBV as a stock guide?
Yes, as always in investing there are no silver bullets which will make you money all the time.
For one thing, accounting measures never give you the full picture. They are generally based on the historical cost of assets rather than their current market price.
Also balance sheets don't give you accurate estimates of intangible assets like brands and research and development.
This means in particular that P/BV isn't a good measure for certain sectors like consumer goods and IT with lots of intangible assets. For example, the book value of Infosys will not factor in the intangible value of Infosys as a global brand.
Such companies can have high P/BV ratios and still be good buys.
There is also some evidence that low P/BV stocks carry higher risk and in particular may have more debt which increases the chance of bankruptcy.
Some tips to use P/BV effectively
P/BV is most relevant to 'old economy' industries with a high proportion of tangible assets like automobiles, engineering, capital goods and banks. Avoid using it for sunrise industries like IT and biotech.
As always with ratio analysis you need to look at trends over a number of years and benchmark the company with other stocks in its own industry.
Don't use P/BV alone but combine it with other ratios like P/E and return on equity as well as a general analysis of the company's management and strategy. Avoid companies which are heavily in debt.
Conclusion
P/BV isn't a magic formula but combined with other ratios and good fundamental analysis it can help you identify under valued stocks which will earn higher returns in the future.
Mr. Ram,
Phone No: 09986031067,
Email Id:ramfinancial.adviser@gmail.com
One such popular measure is the P/E ratio which looks at the ratio of price to earnings. In this article we look at the P/BV ratio or price to book value which is another key tool for digging out undervalued stocks.
What is price to book value or the P/BV ratio?
P/BV is simply the market price per share divided by the book value of equity per share. The market price is straightforward but the concept of book value of equity requires further explanation.
It is based on the balance sheet of a company and is the difference between its assets (what it owns) and liabilities (what it owes).
Another way of thinking about the book value of equity is that it is the firm's proceeds when it first issued equity plus earnings since then (minus losses) and minus the dividends paid out over its life.
P/BV = (Equity + Earnings � Losses) � Dividend.
Why is P/BV a good measure of value?
Traditionally stocks with a P/BV significantly less than 1 are considered good buys.
The argument is that balance sheets are sometimes a better measure of a company's value than market prices which are often volatile and guided by sentiment.
Therefore firms which trade below their book value will sometimes be good firms which are being undervalued by fickle markets.
Another argument is that the book value of a company is a good estimate of its liquidation value: that is, the money left over after selling its assets and paying off its liabilities. Therefore a firm that trades below book value is likely to be a good buy.
There is a fair amount of evidence from around the world that low P/BV stocks do earn a higher return in the long run.
A study based on US stock returns between 1973 and 1984 found that stock with low P/BV earned a significantly higher return than the market. There have been similar results from studies in Japan, Europe and emerging economies like South Korea.
Are there any shortcomings to PBV as a stock guide?
Yes, as always in investing there are no silver bullets which will make you money all the time.
For one thing, accounting measures never give you the full picture. They are generally based on the historical cost of assets rather than their current market price.
Also balance sheets don't give you accurate estimates of intangible assets like brands and research and development.
This means in particular that P/BV isn't a good measure for certain sectors like consumer goods and IT with lots of intangible assets. For example, the book value of Infosys will not factor in the intangible value of Infosys as a global brand.
Such companies can have high P/BV ratios and still be good buys.
There is also some evidence that low P/BV stocks carry higher risk and in particular may have more debt which increases the chance of bankruptcy.
Some tips to use P/BV effectively
P/BV is most relevant to 'old economy' industries with a high proportion of tangible assets like automobiles, engineering, capital goods and banks. Avoid using it for sunrise industries like IT and biotech.
As always with ratio analysis you need to look at trends over a number of years and benchmark the company with other stocks in its own industry.
Don't use P/BV alone but combine it with other ratios like P/E and return on equity as well as a general analysis of the company's management and strategy. Avoid companies which are heavily in debt.
Conclusion
P/BV isn't a magic formula but combined with other ratios and good fundamental analysis it can help you identify under valued stocks which will earn higher returns in the future.
Mr. Ram,
Phone No: 09986031067,
Email Id:ramfinancial.adviser@gmail.com
The Sensex story: From 1K to 19K
The Indian markets achieved another milestone on Monday. The Sensex conquered the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index touched a fresh all-time intra-day high of 19,096.
Major gainers include Reliance Energy, Reliance Communications, Tata Steel, ONGC, Maruti, SBI and Bharti, with gains ranging from four-11 per cent. The index gained the last 1,000 points in just four trading days.
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006
The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006
The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006
The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007
The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
16,000, September 19, 2007
The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
17,000, September 26, 2007
The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed the 17,000-mark . Some profit taking towards the end, saw the index slip into red to 16,887 - down 187 points from the day's high. The Sensex ended with a gain of 22 points at 16,921.
18,000, October 09, 2007
The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19,000, October 15, 2007
The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
Mr. Ram,
Phone No: 09986031067,
Email Id:ramfinancial.adviser@gmail.com
Major gainers include Reliance Energy, Reliance Communications, Tata Steel, ONGC, Maruti, SBI and Bharti, with gains ranging from four-11 per cent. The index gained the last 1,000 points in just four trading days.
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006
The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006
The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006
The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007
The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
16,000, September 19, 2007
The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
17,000, September 26, 2007
The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed the 17,000-mark . Some profit taking towards the end, saw the index slip into red to 16,887 - down 187 points from the day's high. The Sensex ended with a gain of 22 points at 16,921.
18,000, October 09, 2007
The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19,000, October 15, 2007
The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
Mr. Ram,
Phone No: 09986031067,
Email Id:ramfinancial.adviser@gmail.com
EQUITY NEWS
Buy central bank target price 140+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips 15 oct
buy(432to 435) Ranbaxy target 450+, cmp- 434, stoploss 420 is must
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Sunday, October 14, 2007
Equity Tips for 15-Oct-2007
Varun Shipping
CMP: Rs 72.35
Target price: Rs 79.90
Related News:
ICICI Direct has assigned an ‘outperformer’ rating to Varun Shipping with a price target of Rs 79.90 in the next six months. While the company has undertaken a capex of around Rs 1,300 crore in the past two years for acquiring new vessels, it has also increased its emphasis on the buoyant offshore segment, acquiring two anchor handling tug vessels (AHTVs), the brokerage says.
“We expect the offshore segment to be a major thrust area and expect it to contribute 15-20% of revenues by FY09E,” the note by the brokerage house says, adding that Varun Shipping is the largest Indian player in the LPG carrier segment with a fleet of 12 LPG carriers. “Considering its prominent presence in the niche LPG carrier segment and strong foray in offshore business along with inexpensive valuations and its good dividend yield record, we rate the stock an outperformer,” says the report.
Nestle India
CMP: Rs 1,285
Target price: Rs 1,675
Related News:
Motilal Oswal Securities has maintained a ‘buy’ rating on Nestle India as it feels that the company is best positioned to capture the growth unfolding in the $70-billion processed food sector that is expected to grow at a CAGR of 20%. “The company has also reported a sharp turnaround in profitability due to sales growth acceleration in the first half of the current calendar year. Exports have performed exceptionally well, with 38.3% growth in sales, aided by a sharp increase in green coffee prices,” the brokerage house says in a note to clients.
“We expect the company to record adjusted PAT growth of 23% for CY08 and 24% for CY09. Strong free-cash flows, high payout ratio (75%), well entrenched brands, dominant market position in key categories and strong R&D support from Nestle SA will enable it to sustain premium valuations,” says the report.
ICSA India
CMP: Rs 1,661.60
Target price: Rs 2,575
Related News:
Bajaj Capital has recommended a ‘buy’ on ICSA India as it feels that the company will be a key beneficiary of the power sector reforms. The company enjoys monopoly in developing embedded products that help in automation of the distribution network, thereby identifying and reducing power distribution losses. “The products developed by the company also find application in other sectors including oil & gas, water, irrigation & mining, which have thrown open big opportunities for the company,” adds the report. The company has achieved a 5-year CAGR of 143.8% in net sales while the 4-year CAGR of net profit is pegged at 404.90%. “If everything goes well, the price is likely to appreciate to Rs 2,575, within 12-18 months,” adds the report.
CMP: Rs 72.35
Target price: Rs 79.90
Related News:
ICICI Direct has assigned an ‘outperformer’ rating to Varun Shipping with a price target of Rs 79.90 in the next six months. While the company has undertaken a capex of around Rs 1,300 crore in the past two years for acquiring new vessels, it has also increased its emphasis on the buoyant offshore segment, acquiring two anchor handling tug vessels (AHTVs), the brokerage says.
“We expect the offshore segment to be a major thrust area and expect it to contribute 15-20% of revenues by FY09E,” the note by the brokerage house says, adding that Varun Shipping is the largest Indian player in the LPG carrier segment with a fleet of 12 LPG carriers. “Considering its prominent presence in the niche LPG carrier segment and strong foray in offshore business along with inexpensive valuations and its good dividend yield record, we rate the stock an outperformer,” says the report.
Nestle India
CMP: Rs 1,285
Target price: Rs 1,675
Related News:
Motilal Oswal Securities has maintained a ‘buy’ rating on Nestle India as it feels that the company is best positioned to capture the growth unfolding in the $70-billion processed food sector that is expected to grow at a CAGR of 20%. “The company has also reported a sharp turnaround in profitability due to sales growth acceleration in the first half of the current calendar year. Exports have performed exceptionally well, with 38.3% growth in sales, aided by a sharp increase in green coffee prices,” the brokerage house says in a note to clients.
“We expect the company to record adjusted PAT growth of 23% for CY08 and 24% for CY09. Strong free-cash flows, high payout ratio (75%), well entrenched brands, dominant market position in key categories and strong R&D support from Nestle SA will enable it to sustain premium valuations,” says the report.
ICSA India
CMP: Rs 1,661.60
Target price: Rs 2,575
Related News:
Bajaj Capital has recommended a ‘buy’ on ICSA India as it feels that the company will be a key beneficiary of the power sector reforms. The company enjoys monopoly in developing embedded products that help in automation of the distribution network, thereby identifying and reducing power distribution losses. “The products developed by the company also find application in other sectors including oil & gas, water, irrigation & mining, which have thrown open big opportunities for the company,” adds the report. The company has achieved a 5-year CAGR of 143.8% in net sales while the 4-year CAGR of net profit is pegged at 404.90%. “If everything goes well, the price is likely to appreciate to Rs 2,575, within 12-18 months,” adds the report.
Saturday, October 13, 2007
equity tips
buy lanco industries target price of Rs 70 (long term 4 three four months) after correction otherwise according to this market trend, target achieve in month nov.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Equity tips
buy IGATE Global Solution target price 420
Buy Pantaloon Retail target price 650
Market is running on high peak, so please be careful. And play according to the market trend.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Buy Pantaloon Retail target price 650
Market is running on high peak, so please be careful. And play according to the market trend.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Thursday, October 11, 2007
EQUITY TIPS
BUY HCLTECH TARGET 350+
MARKET IS ALL TIME HIGH SO PLEASE BE CAREFUL
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
MARKET IS ALL TIME HIGH SO PLEASE BE CAREFUL
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
EQUITY TIPS
BUY ICICI BANK TARGET 1170
MARKET IS ALL TIME HIGH, SO PLEASE BE CAREFUL
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
EQUITY TIPS
BUY UNITECH TARGET PRICE 375
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, October 8, 2007
Risk Factor
Market is positive today, but be careful because oct is risky month.
May be we book good profit and may be loss, but not major loss or
profit (around 15% of the total figure of the sensex or nifty)
May be we book good profit and may be loss, but not major loss or
profit (around 15% of the total figure of the sensex or nifty)
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, September 26, 2007
EQUITY TIPS
STOCK NAME MTNL
TARGET PRICE 175
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
EQUITY TIPS
BUY HPCL TARGET PRICE 350
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, September 25, 2007
EQUITY TIPS
STOCK NAME : ISPAT INDUSTRIES RECOMAND BY MY FRND,
TARGET PRICE : 45+
STOCK NAME : JPHYDRO
TARGET PRICE : 95
STOCK NAME : IFCI
TARGET PRICE : 115
STOCK NAME : RNRL
TARGET PRICE : 116
STOCK NAME : HINDUSTAN UNILEVER LTD
TARGET PRICE : 235
STOCK NAME : IDEA CELLULAR
TARGET PRICE 134
STOCK NAME : OMAXE LTD.
TARGET PRICE : 360
STOCK NAME ;: GESCOCORP
TARGET PRICE : 635
STOCK NAME ; LML LTD.
RATING 14.70
TARGET: 17
STOCK NAME : DLF.
RATING : 766
TARGET ; 795
STOCK NAME : IBREALESTATE
TARGET PRICE : 605
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
TARGET PRICE : 45+
STOCK NAME : JPHYDRO
TARGET PRICE : 95
STOCK NAME : IFCI
TARGET PRICE : 115
STOCK NAME : RNRL
TARGET PRICE : 116
STOCK NAME : HINDUSTAN UNILEVER LTD
TARGET PRICE : 235
STOCK NAME : IDEA CELLULAR
TARGET PRICE 134
STOCK NAME : OMAXE LTD.
TARGET PRICE : 360
STOCK NAME ;: GESCOCORP
TARGET PRICE : 635
STOCK NAME ; LML LTD.
RATING 14.70
TARGET: 17
STOCK NAME : DLF.
RATING : 766
TARGET ; 795
STOCK NAME : IBREALESTATE
TARGET PRICE : 605
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Thursday, September 20, 2007
equity tips
BUY IBREAL TARGET PRICE 595+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
EQUITYTIPS
SEPTEMBER END GESCO CROSS 700 FIGURE.
BUY DLF TARGET PRICE 1000 BEFORE AT THE END OF THIS YEAR.
BUY OMAXE TARGET PRICE 500+ BEFORE AT THE END OF THIS YEAR.
BUY IFCI TARGET PRICE 88 IN COMING OCT FIRST WEEK.
BUY RNRL TARGET PRICE 64 IN MONTH OF OCT.
BUY CRAIN INDIA LTD. TARGET PRICE 210 IN THE END OF OCT.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
BUY DLF TARGET PRICE 1000 BEFORE AT THE END OF THIS YEAR.
BUY OMAXE TARGET PRICE 500+ BEFORE AT THE END OF THIS YEAR.
BUY IFCI TARGET PRICE 88 IN COMING OCT FIRST WEEK.
BUY RNRL TARGET PRICE 64 IN MONTH OF OCT.
BUY CRAIN INDIA LTD. TARGET PRICE 210 IN THE END OF OCT.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, September 12, 2007
equity tips
Buy omaxe , target price 335
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
EQUITY TIPS
BUY GESCO TARGET PRICE 545
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips
Stockname : Cairn india ltd
rating : buy (156 TO 160)
cmp : 159.50
target : 175
stock name : Sail
rating : buy (165 TO 173)
cmp : 171
TARGET :185
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.co
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, September 10, 2007
long term news
buy IPCL for long term purpose.( half yearly or yearly basis)
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, September 4, 2007
EQUITY TIPS 4 U
STOCK NAME : DLF
RATING : BUY (612 TO 620)
CMP : 622
TARGET : 650
STOCK NAME : GESCOCORP
RATING : BUY(520 TO 535)
CMP 532
TARGET: 560
STOCK NAME : IBREAL
RATING : BUY (490 TO 500)
CMP : 497
TARGET : 545
STOCK NAME : OMAXE
RATING : BUY(315 TO 325)
CMP : 323
TARGET : 350
STOCK NAME : IFCI
RATING : BUY (65 TO 71)
CMP : 71.60
TARGET : 88
STOCK NAME : RNRL
RATING : BUY ( 45 TO 49)
CMP : 49.20
TARGET : 55
STOCK NAME : CIPLA
RATING : BUY(175 TO 180)
CMP : 180
TARGET :195
Friday, August 31, 2007
Sunday, August 26, 2007
EQUITY TIP
BUY :- PNB (RUNNING ON 450) WITH TARGET PRICE OF 550
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Friday, August 24, 2007
EQUITY TIPS
MARKET MIGHT BE RISKY, PLAY GAME ON UR OWN RISK
STOCK NAME : GESCOCORP
RATING : BUY
CMP : 494
TARGET : 530
STOCK NAME : DLF
RATING : BUY
CMP : 555
TARGET : 590
STOCK NAME : IBREAL
RATING : BUY
CMP : 467
TARGET : 485
STOCK NAME : IFCI
RATING : BUY
CMP : 59
TARGET : 64
STOCK NAME : RNRL
RATING : BUY
CMP ; 44
Thursday, August 23, 2007
Friday, August 17, 2007
Investing In A Volatile Market
Four investment fundamentals can help you survive - and perhaps even take advantage of - a market decline.
When the stock market is rising, many investors become complacent. They generally ask just one question: What should I buy?
But when the market is declining, they urgently seek answers to a whole new set of questions: What should I do now? Should I hang in there? Sell everything and move to cash? Is this a buying opportunity? Should I temporarily move to the sidelines and then jump back in when the stock market turns around? How long is this down market likely to last?
Market declines can be unsettling and even downright scary. At some point, you too may have asked these important questions. But here’s another question we hope you’ve also asked - or will ask - your financial adviser: Can you help me construct a financial program that will stand the test of time and help me reach my long-term goals?
If you and your financial adviser have already done that, you probably also know the answers to the questions we posed above. So, what should you do now? The answer for most people who have set up a long-term plan is - nothing. An investor confronted with a declining market should do nothing that will upset his or her long-term investment program.
Get Back To Basics
Market declines always present an opportunity to find out how solid your financial program is. If there’s a weakness, it will show. That’s why this is a good time to revisit four basic investment fundamentals that can help you survive a down market - and perhaps even take advantage of it.
Diversify
It’s a good idea to spread your risk by investing in a carefully selected mix of mutual funds that invest in stocks, bonds and money market instruments. It’s also wise to consider diversifying into an international or global fund. Although events in the U.S. stock market have an impact around the world, other countries move in different economic and market cycles. So while your U.S. stock funds may show losses in a U.S. bear market, diversified international funds may lose less or even show a gain.
Keep a Long-Term Perspective
Remember that time in the market is important - not timing. Even diversified investment portfolios can lose ground in a bear market, and it’s easy to be tempted to sell all your stock funds and move to money market accounts to wait for better times. All you have to do then, the reasoning goes, is move back into stock funds on the day the stock market begins its recovery.
The problem is, nobody knows when that day will be. And if you miss getting back in at the right time, you can lose a huge portion of your profits. If you invested $10,000 in Standard & Poor’s 500 Stock Composite Index and missed just the 10 best days in the 10-year period ended December 31, 1999, your return would have been 41% lower than if you had remained in the market the entire time. That means if you had stayed the course, your original $10,000 would have grown to $41,575 in those 10 years, without dividends reinvested. If you missed those 10 best days, you would have had only $28,557.
Invest in Bad Times and Good
One of the best ways to invest regularly is dollar cost averaging. This strategy calls for investing the same amount at consistent intervals, such as once a month or every quarter. With this approach, you don’t have to try to guess which way the financial markets will move - and you won’t be waiting around for the perfect time to buy.
Although it doesn’t guarantee a profit or protect against a loss, dollar cost averaging is also one way to take advantage of a down market. Since you are investing regularly, you end up buying more shares when the price is down. Instead of seeing a down market as a disaster, view it as an opportunity to buy good companies at lower prices through your mutual funds. Of course, to make this strategy work, you have to be willing to continue making investments when stock prices are declining and stock market news is negative.
Don’t Forget Dividends
Even though most company share prices will be impacted by a bear market, this doesn’t mean that the companies themselves are faring poorly. Many companies continue to pay dividends at the same rate during a bear market. So although your stock or mutual fund prices may be lower, your dividends may well continue at the same rate.
Market Declines Are Natural
Finally, let’s take a look at a few facts that might help put market declines in perspective. After all, like the seasons, they are a natural part of the landscape. Since 1900, there have been 285 “routine declines” of 5% or more in the stock market, 91 “moderate corrections” of 10% or more, 43 “severe corrections” of 15% or more and 26 “bear markets” of 20% or more. Declines are part of being in the stock market.
So, even if you haven’t lived through a tough bear market, you’ve probably seen a lot of volatility. If you’ve chosen a good financial adviser who has been through market declines, you should be in good shape to withstand the next down market too.
When the stock market is rising, many investors become complacent. They generally ask just one question: What should I buy?
But when the market is declining, they urgently seek answers to a whole new set of questions: What should I do now? Should I hang in there? Sell everything and move to cash? Is this a buying opportunity? Should I temporarily move to the sidelines and then jump back in when the stock market turns around? How long is this down market likely to last?
Market declines can be unsettling and even downright scary. At some point, you too may have asked these important questions. But here’s another question we hope you’ve also asked - or will ask - your financial adviser: Can you help me construct a financial program that will stand the test of time and help me reach my long-term goals?
If you and your financial adviser have already done that, you probably also know the answers to the questions we posed above. So, what should you do now? The answer for most people who have set up a long-term plan is - nothing. An investor confronted with a declining market should do nothing that will upset his or her long-term investment program.
Get Back To Basics
Market declines always present an opportunity to find out how solid your financial program is. If there’s a weakness, it will show. That’s why this is a good time to revisit four basic investment fundamentals that can help you survive a down market - and perhaps even take advantage of it.
Diversify
It’s a good idea to spread your risk by investing in a carefully selected mix of mutual funds that invest in stocks, bonds and money market instruments. It’s also wise to consider diversifying into an international or global fund. Although events in the U.S. stock market have an impact around the world, other countries move in different economic and market cycles. So while your U.S. stock funds may show losses in a U.S. bear market, diversified international funds may lose less or even show a gain.
Keep a Long-Term Perspective
Remember that time in the market is important - not timing. Even diversified investment portfolios can lose ground in a bear market, and it’s easy to be tempted to sell all your stock funds and move to money market accounts to wait for better times. All you have to do then, the reasoning goes, is move back into stock funds on the day the stock market begins its recovery.
The problem is, nobody knows when that day will be. And if you miss getting back in at the right time, you can lose a huge portion of your profits. If you invested $10,000 in Standard & Poor’s 500 Stock Composite Index and missed just the 10 best days in the 10-year period ended December 31, 1999, your return would have been 41% lower than if you had remained in the market the entire time. That means if you had stayed the course, your original $10,000 would have grown to $41,575 in those 10 years, without dividends reinvested. If you missed those 10 best days, you would have had only $28,557.
Invest in Bad Times and Good
One of the best ways to invest regularly is dollar cost averaging. This strategy calls for investing the same amount at consistent intervals, such as once a month or every quarter. With this approach, you don’t have to try to guess which way the financial markets will move - and you won’t be waiting around for the perfect time to buy.
Although it doesn’t guarantee a profit or protect against a loss, dollar cost averaging is also one way to take advantage of a down market. Since you are investing regularly, you end up buying more shares when the price is down. Instead of seeing a down market as a disaster, view it as an opportunity to buy good companies at lower prices through your mutual funds. Of course, to make this strategy work, you have to be willing to continue making investments when stock prices are declining and stock market news is negative.
Don’t Forget Dividends
Even though most company share prices will be impacted by a bear market, this doesn’t mean that the companies themselves are faring poorly. Many companies continue to pay dividends at the same rate during a bear market. So although your stock or mutual fund prices may be lower, your dividends may well continue at the same rate.
Market Declines Are Natural
Finally, let’s take a look at a few facts that might help put market declines in perspective. After all, like the seasons, they are a natural part of the landscape. Since 1900, there have been 285 “routine declines” of 5% or more in the stock market, 91 “moderate corrections” of 10% or more, 43 “severe corrections” of 15% or more and 26 “bear markets” of 20% or more. Declines are part of being in the stock market.
So, even if you haven’t lived through a tough bear market, you’ve probably seen a lot of volatility. If you’ve chosen a good financial adviser who has been through market declines, you should be in good shape to withstand the next down market too.
STRONG NEWS
Stock name :- Kotak mahindra bank ltd
Rating : buy (between 580 to 650)
Cmp : 642
Target : 900
good for long term
Refineries :- BPCL , IOCL , HPCL
Pharmaceutical :- Ranbaxy, Cipla, DrReddy.
Banking :- Bank of India, Bank of Rajasthan, Bank of Maharashtra, Bank of Baroda, SBI, Yes Bank.
these companys are good in own sector and give u good returns on half yearly or yearly basis.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips
Stock name : yes bank
rating : buy (between 160 to 175)
cmp : 170.50
Target : 260 after dec end.
stock name : omaxe ltd
rating : buy (290 t0 310)
cmp : 305
target : 450 (in oct)
stock name : DLF
Rating : buy between (550 to 595)
cmp : 576
target : 700 in oct
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips
MY DEAR FRNDS,
At present market is not perform well but according to me its the right time to purchase the stock which are given below:-
Stock name: Mahindra Gescocorp dev ltd
Rating : Buy ( between 468 to 490)
Target : 600+ (oct)
Cmp : 487.55
Tuesday, August 14, 2007
MARKET TIP 4 SPECIALLY ON 15TH AUGUST
Last call for a day:- BUY :- INDIAN FLAG at -, for target UPPER CIRCUIT tommorrow, and book your all profit of happiness tommorrow...............Jai Hind...... Proud to me INDIAN
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Friday, August 10, 2007
EQUITY TIPS
stock name: IFCI
RATING: BUY
CMP : 65.30
TARGET : 80
STOCK NAME : JP HYDRO
RATING : BUY
CMP : 46.60
TARGET : 60
STOCK NAME :RNRL
RATING : BUY
CMP : 46.30
TARGET : 64
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
RATING: BUY
CMP : 65.30
TARGET : 80
STOCK NAME : JP HYDRO
RATING : BUY
CMP : 46.60
TARGET : 60
STOCK NAME :RNRL
RATING : BUY
CMP : 46.30
TARGET : 64
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, August 6, 2007
Growing economy: India to overtake US, Japan
Emerging economies, including India, will overtake the developed countries in growth by 2050, with popularity of India and China as investment destination rising while the attractiveness of Europe and North America slipping, says a study.
"The seven new global powers by 2050 will comprise the so-called BRIC economies (Brazil, Russia, India and China) together with Indonesia, Mexico and Turkey," says the Ernst and Young European Attractiveness Survey 2007.
These seven emerging countries would overtake the economies of the G7 countries — Britain, Canada, France, Germany, Italy, Japan, US — in terms of GDP but whether India can develop its infrastructure at pace with that of global investment remains to be seen, the survey added.
The developing economies will outdo the G7 if it manages to mend the loopholes regarding transparency, fairness and infrastructure development. India's popularity is rising as 26% respondents said the country is amongst their top three preferences in 2007 whereas the figure was just 11% in 2004.
The survey highlights that with intensifying competitive cost pressure; companies across the world would resort to offshore services and manufacturing to lower cost and higher growth economies such as China and India. One company in five intends to relocate all or part of its European activities outside the region and for this they look forward to the Asian countries.
"China attracts interest of 50% of respondents undergoing a relocation search, while India is considered by 30% of voters," the survey said.
Europe's attractiveness for foreign investors declined significantly in 2007, though it has managed to maintain its lead as the most attractive global investment region, the survey says. However, the survey cautions that the mature economic markets in Europe are losing hold on investors as emerging economies of Asia gain momentum. This change in foreign investor interest towards Asian countries is because of high skilled labour power cost effectiveness and good ground for research and development (R&D) activities.
Asia has shown a significant gain and narrowed the gap with Europe and in the list of preferred regions China has moved up to the second position this year, while India has attained fifth position in the league. Western Europe tops the chart with 55% respondents naming it as one of their most preferred business locations followed by China.
Should india wait till 2050....? please write you comments...!!!
"The seven new global powers by 2050 will comprise the so-called BRIC economies (Brazil, Russia, India and China) together with Indonesia, Mexico and Turkey," says the Ernst and Young European Attractiveness Survey 2007.
These seven emerging countries would overtake the economies of the G7 countries — Britain, Canada, France, Germany, Italy, Japan, US — in terms of GDP but whether India can develop its infrastructure at pace with that of global investment remains to be seen, the survey added.
The developing economies will outdo the G7 if it manages to mend the loopholes regarding transparency, fairness and infrastructure development. India's popularity is rising as 26% respondents said the country is amongst their top three preferences in 2007 whereas the figure was just 11% in 2004.
The survey highlights that with intensifying competitive cost pressure; companies across the world would resort to offshore services and manufacturing to lower cost and higher growth economies such as China and India. One company in five intends to relocate all or part of its European activities outside the region and for this they look forward to the Asian countries.
"China attracts interest of 50% of respondents undergoing a relocation search, while India is considered by 30% of voters," the survey said.
Europe's attractiveness for foreign investors declined significantly in 2007, though it has managed to maintain its lead as the most attractive global investment region, the survey says. However, the survey cautions that the mature economic markets in Europe are losing hold on investors as emerging economies of Asia gain momentum. This change in foreign investor interest towards Asian countries is because of high skilled labour power cost effectiveness and good ground for research and development (R&D) activities.
Asia has shown a significant gain and narrowed the gap with Europe and in the list of preferred regions China has moved up to the second position this year, while India has attained fifth position in the league. Western Europe tops the chart with 55% respondents naming it as one of their most preferred business locations followed by China.
Should india wait till 2050....? please write you comments...!!!
Saturday, August 4, 2007
Understanding Value and Growth Stock Investing is Smart Move
How is the best way to get started investing in individual stocks?
Maybe you already own some individual stocks, but don’t have any organized way to approach buying more or perhaps you’re just getting started.
If you are ready to start investing in individual stocks in an organized and thoughtful manner, you’ll want to develop your own system and strategy.
Growth or Value Stocks?
This article is about your first step, which is deciding if you want to be a “value” or “growth” investor.
There’s no rule that says you can’t be both, although it may be easier to pick one as your primary focus and most investors usually end up more in one camp than the other does.
One strategy is not necessarily better than the other is, although over time value investors have an edge. It is important to note that growth and value investing are not opposites, just different approaches to the same problem.
Overview
Here is an overview of each so you can begin deciding which strategy makes the most sense to you.
The basic characteristics of growth investing:
Companies exhibit higher than average growth rates in revenues and earnings
Companies are in expanding industries that are riding an economic and/or demographic cycle
Companies don’t pay dividends
High growth companies often beat earnings estimates
Holding period determined by continued growth of company
The basic characteristics of value investing:
Companies have higher than average earnings per share
Companies that pay high dividends
Companies in solid, but not necessarily glamorous industry
Companies are industry leaders
Holding period typically longer than growth stocks
These are not exhaustive lists, but they’ll get you started.
For those who are concerned about risk, and everyone should be, of the two strategies value investing is less risky than growth investing.
Not Risk Free
That doesn’t mean value investing is risk free, but value stocks tend to be less volatile than growth stocks.
If you lean towards growth investing, you will want to pay attention to current stock and economic news – not to chase hot stocks, but to see where growth in occurring in the market.
If you are a value investor, you’ll be paying more attention to the financials using a stock screen to help you find candidates.
Either value or growth is a good place to start, but don’t dismiss the other, there are good opportunities in both strategies.
Maybe you already own some individual stocks, but don’t have any organized way to approach buying more or perhaps you’re just getting started.
If you are ready to start investing in individual stocks in an organized and thoughtful manner, you’ll want to develop your own system and strategy.
Growth or Value Stocks?
This article is about your first step, which is deciding if you want to be a “value” or “growth” investor.
There’s no rule that says you can’t be both, although it may be easier to pick one as your primary focus and most investors usually end up more in one camp than the other does.
One strategy is not necessarily better than the other is, although over time value investors have an edge. It is important to note that growth and value investing are not opposites, just different approaches to the same problem.
Overview
Here is an overview of each so you can begin deciding which strategy makes the most sense to you.
The basic characteristics of growth investing:
Companies exhibit higher than average growth rates in revenues and earnings
Companies are in expanding industries that are riding an economic and/or demographic cycle
Companies don’t pay dividends
High growth companies often beat earnings estimates
Holding period determined by continued growth of company
The basic characteristics of value investing:
Companies have higher than average earnings per share
Companies that pay high dividends
Companies in solid, but not necessarily glamorous industry
Companies are industry leaders
Holding period typically longer than growth stocks
These are not exhaustive lists, but they’ll get you started.
For those who are concerned about risk, and everyone should be, of the two strategies value investing is less risky than growth investing.
Not Risk Free
That doesn’t mean value investing is risk free, but value stocks tend to be less volatile than growth stocks.
If you lean towards growth investing, you will want to pay attention to current stock and economic news – not to chase hot stocks, but to see where growth in occurring in the market.
If you are a value investor, you’ll be paying more attention to the financials using a stock screen to help you find candidates.
Either value or growth is a good place to start, but don’t dismiss the other, there are good opportunities in both strategies.
MARKET NOTE
well,indian markets are going through a phase of consolidation and stabalisation.in short term market is stable and no cheer and excitement seems to be there.but long term view of market is bullish and strong.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, August 1, 2007
MARKET NOTE
MARKET IS MIGHT BE RISKY SO PLEASE BE CAREFUL AND PLAY ACCORDING TO THE MARKET TREND. ACCORDING TO ME MARKET IS CONSOLIDATE BETWEEN 14950 TO 15700. MY ALL TIPS R GOOD FOR LONG TERM ALSO, SUPPOSE MY TIPS ARE NOT WORKING, SO DONT WORRY BESAUSE I REFER YOU THOSE TIPS WHICH ARE GOOD FOR QUATERLY OR HALF YEARLY OR YEARLY BASIS ALSO.
BEST OF LUCK TO ME AND MY ALL FRIENDS
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
BEST OF LUCK TO ME AND MY ALL FRIENDS
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips
stock name : Mahindra Gescocorp Devlopers ltd
Rating : Buy between 540 to 600
Cmp : 570
Target : 650+
Stock name : Indiabulls Realestate
Rating : Buy between 490 to 540
Cmp : 523.70
Target : 600
Stock name: DLF
Rating : buy between 575 to 610
cmp : 602
Target :650
stock name : Unitech
Rating : buy between 490 to 550
cmp: 543
Target : 595
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, July 31, 2007
stock name : Unitech
Rating : BUY
Cmp : 548
Target : 595
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Rating : BUY
Cmp : 548
Target : 595
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
equity tips 4 u
Stock name : Mahindra Gescocorp devlopers ltd.
Rating : Buy
Cmp : 600
Target : 650
Stock Name : Indiabulls Realestate.
Rating : Buy
Cmp : 556
Target : 600
Stock name : DLF
Rating : Buy
Cmp : 612
Target : 650
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Rating : Buy
Cmp : 600
Target : 650
Stock Name : Indiabulls Realestate.
Rating : Buy
Cmp : 556
Target : 600
Stock name : DLF
Rating : Buy
Cmp : 612
Target : 650
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, July 30, 2007
stock tips
Stock Name :Gujarat Ambuja Export Ltd.
Rating : Buy between (28 to 32)
Cmp : 32
Target : 42
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Rating : Buy between (28 to 32)
Cmp : 32
Target : 42
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Sunday, July 29, 2007
stock 4 long term purpose and short term purpose
stock name: Bharat petroleum corporation ltd.
rating : Buy between (290 to 315)
Cmp : 310.90
Target: 400
Stock name : Hindustan Petroleum Corporation ltd
Rating : Buy between (240 to 257)
Cmp : 256.65
Target : 350
Stock name : Indian oil corporation ltd.
Rating : Buy between (380 to 402)
Cmp : 401.70
Target : 525
stock name : Cipla ltd.
rating : buy between (185 to 195)
Cmp : 188.20
Target : 240
stock name : Ashok leyland ltd
rating : buy between (32 to 37.50)
Cmp : 37.35
target : 45
Stock name : Essar steel ltd.
rating : buy between (30 to 35)
Cmp : 34.45
target: 45
Stock name : Essar oil ltd.
rating : buy between (45 to 52)
Cmp : 52.10
Target : 70
Stock name : Essar Shipping ltd.
Rating : Buy between (30 to 38)
Cmp : 37.65
Target : 50
Stock Name : Havells india ltd.
Rating : Buy between ( 450 to 495)
Cmp : 494.65
Target : 600
Stock name : Hero Honda motors ltd.
Rating : Buy between (640 to 684)
Cmp : 683.60
Target : 780
Stock name : Hexaware Technologies ltd.
Rating : Buy between (125 to 133)
Cmp : 132.70
Target : 180
Stock name : Hindustan Motors ltd.
Rating : Buy between (27 to 32)
Cmp : 31.20
Target : 48
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
rating : Buy between (290 to 315)
Cmp : 310.90
Target: 400
Stock name : Hindustan Petroleum Corporation ltd
Rating : Buy between (240 to 257)
Cmp : 256.65
Target : 350
Stock name : Indian oil corporation ltd.
Rating : Buy between (380 to 402)
Cmp : 401.70
Target : 525
stock name : Cipla ltd.
rating : buy between (185 to 195)
Cmp : 188.20
Target : 240
stock name : Ashok leyland ltd
rating : buy between (32 to 37.50)
Cmp : 37.35
target : 45
Stock name : Essar steel ltd.
rating : buy between (30 to 35)
Cmp : 34.45
target: 45
Stock name : Essar oil ltd.
rating : buy between (45 to 52)
Cmp : 52.10
Target : 70
Stock name : Essar Shipping ltd.
Rating : Buy between (30 to 38)
Cmp : 37.65
Target : 50
Stock Name : Havells india ltd.
Rating : Buy between ( 450 to 495)
Cmp : 494.65
Target : 600
Stock name : Hero Honda motors ltd.
Rating : Buy between (640 to 684)
Cmp : 683.60
Target : 780
Stock name : Hexaware Technologies ltd.
Rating : Buy between (125 to 133)
Cmp : 132.70
Target : 180
Stock name : Hindustan Motors ltd.
Rating : Buy between (27 to 32)
Cmp : 31.20
Target : 48
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Friday, July 27, 2007
Sensex's biggest slides
Frantic selling by funds drove the Bombay Stock Exchange's 30-share benchmark index -- the Sensex -- down by over 536 points at noon on Friday, with all the index kitty stocks plunging into red led by metal and capital good segments.
The Sensex traded lower by 536.19 points at 15,240.12 at noon with most heavy-weight stocks plunging to recent lows. Similarly, the second wide-based National Stock Exchange index Nifty dropped by 173.10 points at 4446.70.
Selling by foreign and domestic funds sparked by report of a major plunge in global stock markets such as Nasdaq, Dow Jones Industrial, Nikkei and Hang Seng.
Marketmen said a major fall in the Nasdaq index, a Mecca of information technology stocks, sparked selling in the Asian stock exchanges.
The Nasdaq index lost 48.83 points at 2,599.34, while the second largest US stock index Dow Jones Industrial dropped 311.50 points at 13,473.57. It earlier lost 450 points during the intra-day.
The market observers said the indices fell the most in three months on concern a worsening US housing downturn might curb growth in the world's biggest economy.
"The fall is good for a healthy market as it would help in consolidating after the one way rise to records," said NSE broker Rajiv Malik.
The index is poised for its biggest decline since April 27 as 29 of the 30 stocks were in the red. In the US, the Dow Jones Industrial Average and Standard and Poor's 500 Index fell the most since February, while the UK's FTSE 100's biggest drop in four years led declines across Europe.
The fall was led by technology major Infosys Technologies, which dropped Rs 48.15 or 2.4 per cent to stand at Rs 1,986.80. Reliance Industries Ltd, the nation's most valued company, fell Rs 26 or 1.3 per cent to Rs 1,915. The two stocks account for about a quarter of the BSE index's weight.
The Sensex traded lower by 536.19 points at 15,240.12 at noon with most heavy-weight stocks plunging to recent lows. Similarly, the second wide-based National Stock Exchange index Nifty dropped by 173.10 points at 4446.70.
Selling by foreign and domestic funds sparked by report of a major plunge in global stock markets such as Nasdaq, Dow Jones Industrial, Nikkei and Hang Seng.
Marketmen said a major fall in the Nasdaq index, a Mecca of information technology stocks, sparked selling in the Asian stock exchanges.
The Nasdaq index lost 48.83 points at 2,599.34, while the second largest US stock index Dow Jones Industrial dropped 311.50 points at 13,473.57. It earlier lost 450 points during the intra-day.
The market observers said the indices fell the most in three months on concern a worsening US housing downturn might curb growth in the world's biggest economy.
"The fall is good for a healthy market as it would help in consolidating after the one way rise to records," said NSE broker Rajiv Malik.
The index is poised for its biggest decline since April 27 as 29 of the 30 stocks were in the red. In the US, the Dow Jones Industrial Average and Standard and Poor's 500 Index fell the most since February, while the UK's FTSE 100's biggest drop in four years led declines across Europe.
The fall was led by technology major Infosys Technologies, which dropped Rs 48.15 or 2.4 per cent to stand at Rs 1,986.80. Reliance Industries Ltd, the nation's most valued company, fell Rs 26 or 1.3 per cent to Rs 1,915. The two stocks account for about a quarter of the BSE index's weight.
Thursday, July 26, 2007
Monday, July 23, 2007
Stock Tips ....!!!!
Stock Name : Dr. Reddy's Laboratories Ltd.
CMP: 668.35
Target : 700, 735, 776
EPS : 70.8
P/E : 9.54
Stock Name : Tata Steel
CMP : 721.05
Target : 730, 760, 800
Stop loss : 700 (for intra day only)
EPS : 72.71
P/E : 9.92
Note : There is a very huge gap between the EPS and P/E implies there is more chance of improvement in the Stock price, TISCO stock raised very fast with out much consolidation after breaking 450-500 levels, for short term there may be chance of consolidation but in long term there will be a good growth.
Stock Name : Varun Shipping Company Ltd.
CMP : 64.5
Target : 72.7, 75.2, 78
EPS : 15.42
P/E : 4.54
Note : This stock breaks the major resistance levels at 62-63, and it price is marching to wards new heights. This stock was consolidated between 58-60 levels for log duration after which it started its journey to words its high.
****
Note: Subjected to Market risk, Please do your research before investing. ****
CMP: 668.35
Target : 700, 735, 776
EPS : 70.8
P/E : 9.54
Stock Name : Tata Steel
CMP : 721.05
Target : 730, 760, 800
Stop loss : 700 (for intra day only)
EPS : 72.71
P/E : 9.92
Note : There is a very huge gap between the EPS and P/E implies there is more chance of improvement in the Stock price, TISCO stock raised very fast with out much consolidation after breaking 450-500 levels, for short term there may be chance of consolidation but in long term there will be a good growth.
Stock Name : Varun Shipping Company Ltd.
CMP : 64.5
Target : 72.7, 75.2, 78
EPS : 15.42
P/E : 4.54
Note : This stock breaks the major resistance levels at 62-63, and it price is marching to wards new heights. This stock was consolidated between 58-60 levels for log duration after which it started its journey to words its high.
****
Note: Subjected to Market risk, Please do your research before investing. ****
Sunday, July 22, 2007
stock tips 23/07/07
stock name : Mahindra Gescocorp
Rating : Buy
Cmp : 592.65
target : 650
stock name : Kotak Mahindra Bank
Rating : Buy
Cmp : 728.90
target : 750
stock name : Hcl Technologies ltd.
Rating : Buy
CMP : 326.20
Target : 350
stock name : SRF Ltd.
Rating : buy
Cmp : 160.40
Target : 180
stock name : SRF polymers ltd.
Rating : Buy
Cmp : 171.45
target : 180
stock name : Balaji Distilleries ltd.
Rating : buy
Cmp : 9.77
Target : 12.00
stock name : BAG Films and Media Ltd.
Rating : buy
Cmp : 57.65
Target : 65
Friday, July 20, 2007
stock tips on 20/07007
stock name : wipro
rating : Buy
CMP : 507
Target : 530
stock name : super spinning mills
rating : buy
cmp : 18.55
Target : 25
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
rating : Buy
CMP : 507
Target : 530
stock name : super spinning mills
rating : buy
cmp : 18.55
Target : 25
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Wednesday, July 18, 2007
stock tips
stock name : ITC
Rating : Buy
Cmp : 153.60
Target : 160
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
stock tips
stock name : India cement.
Rating : Buy
Cmp : 231.50
Target : 250
stock name : mahindra gescocorp devlopers ltd
Rating : buy
cmp : 548
Target : 560 to 590
Stock name : Indiabulls Financial Services ltd
Rating : Buy
cmp : 673
target : 690 (this share running on very high position it may be touch the figure of 700,so pls be carefull in this stock)
stock name : DLF
Rating : buy
Cmp : 623.20
Target : 700 for short term 1000+ for long term
stock name : Unitech
Rating : Buy
Cmp : 557.50
Target : 590
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Rating : Buy
Cmp : 231.50
Target : 250
stock name : mahindra gescocorp devlopers ltd
Rating : buy
cmp : 548
Target : 560 to 590
Stock name : Indiabulls Financial Services ltd
Rating : Buy
cmp : 673
target : 690 (this share running on very high position it may be touch the figure of 700,so pls be carefull in this stock)
stock name : DLF
Rating : buy
Cmp : 623.20
Target : 700 for short term 1000+ for long term
stock name : Unitech
Rating : Buy
Cmp : 557.50
Target : 590
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Sunday, July 15, 2007
sensex touch high figure
NEWER HIGHS OF SENSEX IN COMING DAYS IS 15300 TO 15600 AND NIFTY HITS 4500.
Saturday, July 14, 2007
The Sensex story: 1,000 to 15,000!
Sensex journey from 1k over the years.
1000 points on July 25, 1990: July 25, 1990 was the day on which for the first time, the Sensex had touched the four-digit figure from the time of its debut in 1986 with the base year as 1978-79 and an initial score of 100. A day to remember indeed!
2000 on Jan 15, 1992: Almost after one and half a year on Jan 15, 1992 the sensex entered 2000 mark. Said that it took nearly 538 days for the index to move to 2,000. The move was due to the liberal economic policy initiatives undertaken by the then finance minister Dr. Manmohan Singh. Present PM appeal to masses had this happen.
3000 On Feb 29, 1992: In the same month, on Feb 29, 2002 the Sensex crossed the 3000-mark just in a span of 45 days gap.
4000 on March 30, 1992: Exactly a month later, Harshad Mehta was in limelight. On March 30, 1992 the sensex reached another new peak. Helped by the Harshad Mehta euphoria, the move to the 4000-mark was even more swift with the Sensex taking just 28 days to cross this barrier.
5000 on Oct 8, 1999: Exactly 7 years later since 1992, the market moved to a new mark. This was due to the crash following the Harshad Mehta scam that pushed the market into a bearish phase It is reported that it took more than 7 years for the Sensex to cross the 5,000-mark as the BJP-led coalition won the majority in the Lok Sabha election. Harshad not only shook the Parliament, but the stock market too.
6000 on Feb 11, 2000: On Feb 11, 2000 the sensex entered 6000 mark. The global euphoria for technology sector stocks pushed the stock markets across the globe including the Sensex to historic highs. The index moved past the 6000-mark in a span of 126 days.
7000 on June 20, 2005: June 20, 2005 was the day when Sensex travelled to 7000 mark. Though the Sensex crossed 6,000-mark in February 2000, it failed to close past it. It took more than four years for the Sensex to close past this level on Jan 2, 2004. Stock markets across the globe saw huge correction. It took almost 63 months for the Sensex to get back to 7000. Perhaps Ambani Brothers, Mukesh Ambani and Anil Ambani was considered to be superstar in the stock market. The reports of an amicable settlement between the Ambani brothers buoyed market sentiment. Led by the Reliance group pack, the Sensex moved past 7,000 points in about 63 months.
8000 on Sept 8, 2005: The surge in the FII inflow during 2005 was the key factor behind the bull market witnessed in the year 2005. The Sensex crossed the 8000 mark in 78 days.
9000 on Nov 28, 2005: It took 78 days to move to the 9000-mark on the back of surging FII inflows and active retail investors participation.
10000 on Feb 6, 2006: The Sensex crossed the magical 10000-mark in 70 days but closed shy of this level at 9981.
11000 on March 21, 2006: The overriding bullishness of the Indian stock market got another shot in the arm with the Sensex touching the 11,000 mark. It made this journey from 10,000 to 11,000 in a matter of 42 days.
12000 on April 20, 2006: The BSE Sensex crossed 12,000 points on April 20, The benchmark BSE-30 Sensex closed at 12,039.55 on April 20, up 143.57 points (or 1.21 per cent). While the NSE`s S&P CNX Nifty index went up by 37.65 points (or 1.06 per cent) to 3573.50.
12000 on Sept 15, 2006: Amid immense volatility, the Sensex kept gaining ground till it sped past the 12,000 mark to a high of 12,041.70.
12,500 on Oct 12, 2006: The BSE Sensex, staged a smart rally on 12th of October ending the session with a massive gain of 184.49 points at 12,537.98. The resultant surge in values of frontline stocks drove the benchmark indices Sensex and the Nifty past the 12,500 and 3600 marks respectively.
12,700 on Oct 13, 2006: Sensex scaled yet another summit today when it moved past the 12,700 mark, re-writing history immediately on commencement of trade this morning.
12,928 on Oct 16, 2006: Riding on consistent buying and strong macro-economic and corporate performances, the Indian benchmark stock index, Sensex, recorded its highest-ever trading at 12,928. before ending.
12,906 on Oct 27, 2006: Robust quarterly earnings of top mobile phone company Bharti Airtel perhaps helped the 30-share benchmark index of the Bombay Stock Exchange to rise 208 points, or 1.6 percent, at 12906. This is the second-highest closing for the Sensex.
13,000 on Oct 30, 2006: The Sensex crossed the historic 13,000 mark on Monday.
13,163 on Nov 09, 2006: Sensex has moved up to 13,163.74, up 91.23 points or 0.7% over its previous closing mark now.
13,213 on Nov 10, 2006: At 13,213.89, the Sensex is 76.40 points or 0.58% ahead of yesterday's closing mark. The Nifty has risen to 3812.75, netting a sharp gain of 16.35 points or 0.43%.
13,357 on Nov 13, 2006: The Sensex has risen to 13,357.83, notching up a big gain of 74.92 points or 0.6% now. At 3848.60, a few points down from its new high of 3852.95, the Nifty has posted a gain of 23.85 points or 0.36%.
13,500 on Nov 15, 2006: After opening with a positive gap of over 50 points at 13,476.28, the Sensex breezed past the 13,500 mark to a new high of 13,505.34 in a flash and is currently seen moving around 13,475, up nearly 50 points or 0.37% over yesterday's closing mark.
13,600 on Nov 15, 2006: Sensex is now up 170 points at 13,600.
13,700 on Nov 22, 2006: Sensex past the 13,700 mark. At 13,703.77, the barometer is up with a big gain of 87 points or 0.64% at present.
13,800 on Dec 01, 2006: At 13,817.77, a few points down from its new lifetime high of 13,820.34, the Sensex has posted a thumping gain of 121.46 points or 0.89% at present.
13,900 on Dec 04, 2006: The Sensex, which opened at 13,846.71, around a couple of points higher than its last closing mark, vaulted past the 13,900 mark to a new high of 13,911.64 in a flash and despite having dropped down a bit to 13,898.65, is up with a sharp gain of 53.87 points (0.39%) at present.
14,000 on Dec 05, 2006: The Sensex opened well past the 14,000 mark - at 14,028.47, to be precise - as the bulls, with their already upbeat mood boosted further by strong global markets, took guard on BSE this morning.
15,000 on Jul 06, 2007: As buying in blue chip stocks gathered momentum, the enchmark BSE index Sensex scaled Mount 15k this afternoon. The landmark figure, which had proved elusive yesterday, appeared a distant dream when the market opened on a highly listless note this morning.
1000 points on July 25, 1990: July 25, 1990 was the day on which for the first time, the Sensex had touched the four-digit figure from the time of its debut in 1986 with the base year as 1978-79 and an initial score of 100. A day to remember indeed!
2000 on Jan 15, 1992: Almost after one and half a year on Jan 15, 1992 the sensex entered 2000 mark. Said that it took nearly 538 days for the index to move to 2,000. The move was due to the liberal economic policy initiatives undertaken by the then finance minister Dr. Manmohan Singh. Present PM appeal to masses had this happen.
3000 On Feb 29, 1992: In the same month, on Feb 29, 2002 the Sensex crossed the 3000-mark just in a span of 45 days gap.
4000 on March 30, 1992: Exactly a month later, Harshad Mehta was in limelight. On March 30, 1992 the sensex reached another new peak. Helped by the Harshad Mehta euphoria, the move to the 4000-mark was even more swift with the Sensex taking just 28 days to cross this barrier.
5000 on Oct 8, 1999: Exactly 7 years later since 1992, the market moved to a new mark. This was due to the crash following the Harshad Mehta scam that pushed the market into a bearish phase It is reported that it took more than 7 years for the Sensex to cross the 5,000-mark as the BJP-led coalition won the majority in the Lok Sabha election. Harshad not only shook the Parliament, but the stock market too.
6000 on Feb 11, 2000: On Feb 11, 2000 the sensex entered 6000 mark. The global euphoria for technology sector stocks pushed the stock markets across the globe including the Sensex to historic highs. The index moved past the 6000-mark in a span of 126 days.
7000 on June 20, 2005: June 20, 2005 was the day when Sensex travelled to 7000 mark. Though the Sensex crossed 6,000-mark in February 2000, it failed to close past it. It took more than four years for the Sensex to close past this level on Jan 2, 2004. Stock markets across the globe saw huge correction. It took almost 63 months for the Sensex to get back to 7000. Perhaps Ambani Brothers, Mukesh Ambani and Anil Ambani was considered to be superstar in the stock market. The reports of an amicable settlement between the Ambani brothers buoyed market sentiment. Led by the Reliance group pack, the Sensex moved past 7,000 points in about 63 months.
8000 on Sept 8, 2005: The surge in the FII inflow during 2005 was the key factor behind the bull market witnessed in the year 2005. The Sensex crossed the 8000 mark in 78 days.
9000 on Nov 28, 2005: It took 78 days to move to the 9000-mark on the back of surging FII inflows and active retail investors participation.
10000 on Feb 6, 2006: The Sensex crossed the magical 10000-mark in 70 days but closed shy of this level at 9981.
11000 on March 21, 2006: The overriding bullishness of the Indian stock market got another shot in the arm with the Sensex touching the 11,000 mark. It made this journey from 10,000 to 11,000 in a matter of 42 days.
12000 on April 20, 2006: The BSE Sensex crossed 12,000 points on April 20, The benchmark BSE-30 Sensex closed at 12,039.55 on April 20, up 143.57 points (or 1.21 per cent). While the NSE`s S&P CNX Nifty index went up by 37.65 points (or 1.06 per cent) to 3573.50.
12000 on Sept 15, 2006: Amid immense volatility, the Sensex kept gaining ground till it sped past the 12,000 mark to a high of 12,041.70.
12,500 on Oct 12, 2006: The BSE Sensex, staged a smart rally on 12th of October ending the session with a massive gain of 184.49 points at 12,537.98. The resultant surge in values of frontline stocks drove the benchmark indices Sensex and the Nifty past the 12,500 and 3600 marks respectively.
12,700 on Oct 13, 2006: Sensex scaled yet another summit today when it moved past the 12,700 mark, re-writing history immediately on commencement of trade this morning.
12,928 on Oct 16, 2006: Riding on consistent buying and strong macro-economic and corporate performances, the Indian benchmark stock index, Sensex, recorded its highest-ever trading at 12,928. before ending.
12,906 on Oct 27, 2006: Robust quarterly earnings of top mobile phone company Bharti Airtel perhaps helped the 30-share benchmark index of the Bombay Stock Exchange to rise 208 points, or 1.6 percent, at 12906. This is the second-highest closing for the Sensex.
13,000 on Oct 30, 2006: The Sensex crossed the historic 13,000 mark on Monday.
13,163 on Nov 09, 2006: Sensex has moved up to 13,163.74, up 91.23 points or 0.7% over its previous closing mark now.
13,213 on Nov 10, 2006: At 13,213.89, the Sensex is 76.40 points or 0.58% ahead of yesterday's closing mark. The Nifty has risen to 3812.75, netting a sharp gain of 16.35 points or 0.43%.
13,357 on Nov 13, 2006: The Sensex has risen to 13,357.83, notching up a big gain of 74.92 points or 0.6% now. At 3848.60, a few points down from its new high of 3852.95, the Nifty has posted a gain of 23.85 points or 0.36%.
13,500 on Nov 15, 2006: After opening with a positive gap of over 50 points at 13,476.28, the Sensex breezed past the 13,500 mark to a new high of 13,505.34 in a flash and is currently seen moving around 13,475, up nearly 50 points or 0.37% over yesterday's closing mark.
13,600 on Nov 15, 2006: Sensex is now up 170 points at 13,600.
13,700 on Nov 22, 2006: Sensex past the 13,700 mark. At 13,703.77, the barometer is up with a big gain of 87 points or 0.64% at present.
13,800 on Dec 01, 2006: At 13,817.77, a few points down from its new lifetime high of 13,820.34, the Sensex has posted a thumping gain of 121.46 points or 0.89% at present.
13,900 on Dec 04, 2006: The Sensex, which opened at 13,846.71, around a couple of points higher than its last closing mark, vaulted past the 13,900 mark to a new high of 13,911.64 in a flash and despite having dropped down a bit to 13,898.65, is up with a sharp gain of 53.87 points (0.39%) at present.
14,000 on Dec 05, 2006: The Sensex opened well past the 14,000 mark - at 14,028.47, to be precise - as the bulls, with their already upbeat mood boosted further by strong global markets, took guard on BSE this morning.
15,000 on Jul 06, 2007: As buying in blue chip stocks gathered momentum, the enchmark BSE index Sensex scaled Mount 15k this afternoon. The landmark figure, which had proved elusive yesterday, appeared a distant dream when the market opened on a highly listless note this morning.
4 investing gems from Warren Buffett
Warren Buffett, probably the greatest investor of his generation, rarely communicates his investment ideas in writing to the general public.
And why should he? If someone has that extra edge when it comes to making money from the stock markets, he would rather use it for himself rather than go around sharing it. But once a year, he makes an exception to the rule and does give out his way of thinking through the annual letter he writes to the shareholders of Berkshire Hathaway.
Other than this he has given many speeches over the years, which have given the general public some idea of the way he thinks. Here are a few of these gems which he has shared with his shareholders over the years through his letters and speeches.
1. Buy the business and not the stock
The speech titled, 'The Superinvestors of Graham and Doddsville,' delivered to the students of Columbia Business School in 1984, remains the most famous speech that Buffett ever made.
This speech was delivered at a seminar held to celebrate the 50 years of the publication of Benjamin Graham and David Dodd's book Security Analysis. Benjamin Graham was Warren Buffett's Guru at Columbia School and all the years that Graham taught there Buffett was his only student to have got an A+ grade.
And Buffett, as we all know, has surely lived up to that grade. This speech elucidated his firm belief in the principle of value investing. Value investors, he said, "search for discrepancies between the value of a business and the price of small pieces of that business in the market." Hence, the only thing they are bothered about is "how much is the business worth?"
As Buffet said in the speech, "He's not looking at quarterly earnings projections, he's not looking at next year's earnings, he's not thinking about what day of the week it is, he doesn't care what investment research from any place says, he's not interested in price momentum, volume or anything. He's simply asking: What is the business worth?"
And hence, as Buffett points out in the speech about value investors. "While they differ greatly in style, these investors are, mentally, always buying the business, not buying the stock."
As we all know, the question 'how much is a business worth?' is not easy to answer and depends on how closely the investor follows the business of the company he is investing in and the understanding he has of that particular line of business.
Buffett himself follows this and does not invest in businesses he does not understand. Information technology is one sector he has consciously stayed away from even at the height of the technology boom.
2. Buy when the stock prices are low
One of the peculiar things about stock markets is the fact that investors like to buy when the markets are doing well and the stock prices are on their way up. This is not the best way to invest given the fact that in everyday life we like to buy more of something only when the prices are low.
Buffett explains this point in his letter to the shareholders for the year 1997. "A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices?"
"These questions," he goes on, "of course, answer themselves. But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the 'hamburgers' they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."
3. For investors as a whole, returns decrease as motion increases
Getting into stock because everyone around you is and hoping to make money from it money successfully is not everyone's cup of tea. As more and more investors get into the same stock, and price rises, the chances of making money from the stock go down.
In his 2005 letter Buffett wrote, "Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: he lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: 'For investors as a whole, returns decrease as motion increases.'"
4. There is a thin line separating investment and speculation
Buffett explains this beautifully in his letter to the shareholders in the year 2000. "The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money."
"After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities -- that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future -- will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."
And why should he? If someone has that extra edge when it comes to making money from the stock markets, he would rather use it for himself rather than go around sharing it. But once a year, he makes an exception to the rule and does give out his way of thinking through the annual letter he writes to the shareholders of Berkshire Hathaway.
Other than this he has given many speeches over the years, which have given the general public some idea of the way he thinks. Here are a few of these gems which he has shared with his shareholders over the years through his letters and speeches.
1. Buy the business and not the stock
The speech titled, 'The Superinvestors of Graham and Doddsville,' delivered to the students of Columbia Business School in 1984, remains the most famous speech that Buffett ever made.
This speech was delivered at a seminar held to celebrate the 50 years of the publication of Benjamin Graham and David Dodd's book Security Analysis. Benjamin Graham was Warren Buffett's Guru at Columbia School and all the years that Graham taught there Buffett was his only student to have got an A+ grade.
And Buffett, as we all know, has surely lived up to that grade. This speech elucidated his firm belief in the principle of value investing. Value investors, he said, "search for discrepancies between the value of a business and the price of small pieces of that business in the market." Hence, the only thing they are bothered about is "how much is the business worth?"
As Buffet said in the speech, "He's not looking at quarterly earnings projections, he's not looking at next year's earnings, he's not thinking about what day of the week it is, he doesn't care what investment research from any place says, he's not interested in price momentum, volume or anything. He's simply asking: What is the business worth?"
And hence, as Buffett points out in the speech about value investors. "While they differ greatly in style, these investors are, mentally, always buying the business, not buying the stock."
As we all know, the question 'how much is a business worth?' is not easy to answer and depends on how closely the investor follows the business of the company he is investing in and the understanding he has of that particular line of business.
Buffett himself follows this and does not invest in businesses he does not understand. Information technology is one sector he has consciously stayed away from even at the height of the technology boom.
2. Buy when the stock prices are low
One of the peculiar things about stock markets is the fact that investors like to buy when the markets are doing well and the stock prices are on their way up. This is not the best way to invest given the fact that in everyday life we like to buy more of something only when the prices are low.
Buffett explains this point in his letter to the shareholders for the year 1997. "A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices?"
"These questions," he goes on, "of course, answer themselves. But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the 'hamburgers' they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."
3. For investors as a whole, returns decrease as motion increases
Getting into stock because everyone around you is and hoping to make money from it money successfully is not everyone's cup of tea. As more and more investors get into the same stock, and price rises, the chances of making money from the stock go down.
In his 2005 letter Buffett wrote, "Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: he lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: 'For investors as a whole, returns decrease as motion increases.'"
4. There is a thin line separating investment and speculation
Buffett explains this beautifully in his letter to the shareholders in the year 2000. "The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money."
"After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities -- that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future -- will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."
Thursday, July 12, 2007
EUITY TIPS 4 U. DELIVERY N INTRADAY PURPOSE For 13th July
Stock Name : Indiabulls Realestate
Rating : BUY BETWEEN 480 TO 505
CMP :-504
Target : 550
STOCK NAME : UNITECH
RATING : BUY
CMP: 572.65
TARGET : 595
Stock Name : Mahindra Gescocorp Devlopers ltd.
Rating : BUY
CMP : 568.25
Target : 600+ In (2 weeks)
STOCK NAME : IDEA CELLULAR LTD
RATING: BUY BETWEEN 117 TO 122
CMP : 121
TARGET : 155
STOCK NAME ; CIPLA
RATING : BUY
CMP : 213.3O
TARGET: 240
STOCK NAME : HINDALCO INDUSTRIES.LTD
RATING : BUY
CMP: 164.45
TARGET : 180
STOCK NAME : CRAIN INDIA LTD
RATING : BUY
CMP: 159.55
TARGET : 180
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Rating : BUY BETWEEN 480 TO 505
CMP :-504
Target : 550
STOCK NAME : UNITECH
RATING : BUY
CMP: 572.65
TARGET : 595
Stock Name : Mahindra Gescocorp Devlopers ltd.
Rating : BUY
CMP : 568.25
Target : 600+ In (2 weeks)
STOCK NAME : IDEA CELLULAR LTD
RATING: BUY BETWEEN 117 TO 122
CMP : 121
TARGET : 155
STOCK NAME ; CIPLA
RATING : BUY
CMP : 213.3O
TARGET: 240
STOCK NAME : HINDALCO INDUSTRIES.LTD
RATING : BUY
CMP: 164.45
TARGET : 180
STOCK NAME : CRAIN INDIA LTD
RATING : BUY
CMP: 159.55
TARGET : 180
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, July 10, 2007
recommandation
Delivery Tips:
Stock Name : RNRL
RATING : BUY
CMP : 37.85
TARGET: 64
Stock Name: TISCO
RATING : BUY
CMP: 626.45
TARGET: 800
Stock Name : Indiabulls Realestate
Rating : BUY
CMP : 468
Target : 500
Stock Name : Mahindra Gescocorp Devlopers ltd.
Rating : BUY
CMP : 549.85
Target : 580 In (2 weeks)
Note: Subjected to Market risk, Please do your research before investing.
--
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Stock Name : RNRL
RATING : BUY
CMP : 37.85
TARGET: 64
Stock Name: TISCO
RATING : BUY
CMP: 626.45
TARGET: 800
Stock Name : Indiabulls Realestate
Rating : BUY
CMP : 468
Target : 500
Stock Name : Mahindra Gescocorp Devlopers ltd.
Rating : BUY
CMP : 549.85
Target : 580 In (2 weeks)
Note: Subjected to Market risk, Please do your research before investing.
--
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, June 4, 2007
Mkts end lower; Experts in favour of a correction
The markets opened positive but could not hold their gains at the higher level and slipped into the red. It closed near its lowest point of the day with negative market breadth. Most of Asia ended flat, but China was down over 8%.
The Sensex closed down 74.98 points, or 0.51%, at 14495.77, and the Nifty ended down 30 points, or 0.70%, at 4267.05. About 1,149 shares have advanced, 1,371 shares declined, and 83 shares remained unchanged.
Auto, IT, and capital goods were among the major losers. In the auto sector, Tata Motors slipped as it came out with a disappointing set of monthly May sales. IT stocks continue to reel under pressure as the rupee is seen trading at 40.52 levels against the dollar. Sugar sector was a major underperformer in today's session. Bajaj Hindustan, Balrampur Chini, Renuka were among the major losers.
However, metal index outperformed the markets with gains of over 1.2%. The BSE Metal Index was up 1.6% to close at 10,634.17. Jindal Steel, Hind Zinc, Jindal Saw, Tata Steel were among the gainers. Hindalco surged and ended up over 4% on reports that Sterlite with Alcan is looking to buy stake in the company.
FMCG stocks ITC and Dabur India were also among the top gainers. The BSE Small Cap Index closed at 7,466.77 down 0.01%. The BSE Midcap Index ended at 6,233.58 down 0.5%.
Jagdish Malkani, Member, NSE, said, “The market has been a bit rangebound and boring and considering that the June series has started, it is difficult to say. It is almost as if the market is trying to make up its mind. Those five or six stalwarts of the Sensex/Nifty seem to be resting their ores. No new leaders are emerging and there is only some action in the midcap space. I think it will have that stab, which has been eluding the breaking of the Sensex’s all-time high.”
He feels that a bit of a shakedown is necessary. “I still feel it’s high time there was a bit of a shakedown or breakdown. However, no signs of that either is emerging. I think for some time it is going to be the midcaps that will come out and make some runs. Whichever sectors you play right now, for instance capital goods continues to be strong. The old stars are out of the running for a bit, like IT and hotels etc, because of the rupee appreciation,” Malkani added.
He feels there are still select stories in the midcap space. “There are select stories in the midcap space. This is really cherry picking time as there are a lot of stories there. This is the highest GDP growth quarter in 18 years. These stars of tomorrow need to come out and take their place in the sun. I think some of that is happening but not with enough speed,” Malkani added.
He is bullish on the IT space and feels that investors should take long-term positions in this sector.“The rupee still looks like it will break that 40 barrier, may be even 39 who knows, in which case it is obviously bad news for IT companies. It could also swing the other way. This sector is the most competitive sector and certainly one should be using this time to accumulate and salt these away. When the time comes and Infy is running away at Rs 2500, we’ll be kicking ourselves. I’m sure some of these are opportunities, both in the midcap and largecap sector. I think that it is time to cherry pick,” he added.
Meanwhile, A Balasubramaniam, Chief Investment Officer of Birla Sun Life, would approach the market in an "almost fully invested" manner although the cash component across all of his company's schemes would be in the range of 5-8%.
The broad macro fundamentals of the economy suggests a long-term bull market; so, he doesn't think that it is worthwhile to actually look at the market and then, move from one asset class to another asset class.
The advance tax payment, plus liquidity as well as three to four upcoming IPOs, could have a negative impact on the market. He expects to see "some bit of downward trend as we move forward in the near term".
Otherwise, post the 9% plus GDP numbers as well as the expected earnings growth for this year, which is assumed at about 15% for the BSE Sensex listed companies, he assumes some of the corporates in India to outperform the expected earnings growth for this year, which would once again trigger some kind of participation in the market.
The Sensex closed down 74.98 points, or 0.51%, at 14495.77, and the Nifty ended down 30 points, or 0.70%, at 4267.05. About 1,149 shares have advanced, 1,371 shares declined, and 83 shares remained unchanged.
Auto, IT, and capital goods were among the major losers. In the auto sector, Tata Motors slipped as it came out with a disappointing set of monthly May sales. IT stocks continue to reel under pressure as the rupee is seen trading at 40.52 levels against the dollar. Sugar sector was a major underperformer in today's session. Bajaj Hindustan, Balrampur Chini, Renuka were among the major losers.
However, metal index outperformed the markets with gains of over 1.2%. The BSE Metal Index was up 1.6% to close at 10,634.17. Jindal Steel, Hind Zinc, Jindal Saw, Tata Steel were among the gainers. Hindalco surged and ended up over 4% on reports that Sterlite with Alcan is looking to buy stake in the company.
FMCG stocks ITC and Dabur India were also among the top gainers. The BSE Small Cap Index closed at 7,466.77 down 0.01%. The BSE Midcap Index ended at 6,233.58 down 0.5%.
Jagdish Malkani, Member, NSE, said, “The market has been a bit rangebound and boring and considering that the June series has started, it is difficult to say. It is almost as if the market is trying to make up its mind. Those five or six stalwarts of the Sensex/Nifty seem to be resting their ores. No new leaders are emerging and there is only some action in the midcap space. I think it will have that stab, which has been eluding the breaking of the Sensex’s all-time high.”
He feels that a bit of a shakedown is necessary. “I still feel it’s high time there was a bit of a shakedown or breakdown. However, no signs of that either is emerging. I think for some time it is going to be the midcaps that will come out and make some runs. Whichever sectors you play right now, for instance capital goods continues to be strong. The old stars are out of the running for a bit, like IT and hotels etc, because of the rupee appreciation,” Malkani added.
He feels there are still select stories in the midcap space. “There are select stories in the midcap space. This is really cherry picking time as there are a lot of stories there. This is the highest GDP growth quarter in 18 years. These stars of tomorrow need to come out and take their place in the sun. I think some of that is happening but not with enough speed,” Malkani added.
He is bullish on the IT space and feels that investors should take long-term positions in this sector.“The rupee still looks like it will break that 40 barrier, may be even 39 who knows, in which case it is obviously bad news for IT companies. It could also swing the other way. This sector is the most competitive sector and certainly one should be using this time to accumulate and salt these away. When the time comes and Infy is running away at Rs 2500, we’ll be kicking ourselves. I’m sure some of these are opportunities, both in the midcap and largecap sector. I think that it is time to cherry pick,” he added.
Meanwhile, A Balasubramaniam, Chief Investment Officer of Birla Sun Life, would approach the market in an "almost fully invested" manner although the cash component across all of his company's schemes would be in the range of 5-8%.
The broad macro fundamentals of the economy suggests a long-term bull market; so, he doesn't think that it is worthwhile to actually look at the market and then, move from one asset class to another asset class.
The advance tax payment, plus liquidity as well as three to four upcoming IPOs, could have a negative impact on the market. He expects to see "some bit of downward trend as we move forward in the near term".
Otherwise, post the 9% plus GDP numbers as well as the expected earnings growth for this year, which is assumed at about 15% for the BSE Sensex listed companies, he assumes some of the corporates in India to outperform the expected earnings growth for this year, which would once again trigger some kind of participation in the market.
Tuesday, April 3, 2007
Monday, April 2, 2007
Mkt jitters: Sensex sheds more than 600 pts
Sensex witnessed the second biggest intra-day fall on Monday. The bears went on a rampage after the RBI tightened monetary policy on Friday by raising short-term lending rates to contain inflation. All sectoral indices were trading in red. Auto stocks plunged over six per cent.
Sensex closed near its intra-day low; at 12,455.37 points, losing 4.72 per cent or 616.73 points through the course of the day. Nifty closed at a loss of 4.92 per cent or 187.95 points, to end at 3,633.60. Earlier, Sensex had fallen by 826 points on May 18,2006, its biggest intra-day fall till date.
A surprise hike in the repo rate and the cash reserve ratio announced by Reserve Bank of India after trading hours on Friday (30 March 2007), spooked the bourses. The RBI raised its short-term lending rate, the repo rate, by 25 basis points to 7.75%. The central bank also raised the cash reserve ratio (CRR) by half a percentage point. The CRR will rise to 6.50% in two tranches, the first on 14 April 2007 and the other on 28 April 2007, and will drain Rs 15500 crore from the banking system.
'Market was expected to react negatively to this news. One is likely to see a sell off on Government securities,' Gordon Rodrigues, Head of Fund Management, Fixed Income, HSBC Asset Management Company.
Midcap and Smallcap stocks followed the broader market. The BSE Smallcap index closed at 6,294 down 2.7 per cent and the BSE Midcap index ended at 5,384.12 down 3.25 per cent.
About 684 shares advanced, 1736 shares declined, and 73 shares remained unchanged. The BSE cash turnover was Rs 2910 crore and the NSE cash turnover was at Rs 6858 crore. The total market wide turnover was at Rs 38644 crore.
'As the market was in a downtrend, the interest rate hike has only accelerated the fall. I think the market will breach the 12,300 level soon,' said Jayant Pai, vice-president of equity sales at Parag Parikh Financial Advisory Services.
Banking stocks lost 5.95% or 389 points ending at 6,152 points. A hike in lending rate by banks will raise interest rates on working loans of corporates. Over the last year, bank-lending rates have risen by about 300 basis points.
ICICI Bank fell 5.70 per cent to Rs 804 after it raised its benchmark lending rate by 100 basis points to 15.75% on Saturday. ICICI Bank also raised its floating reference rate for consumer loans, including home loans, by 100 basis points to 12.75%, effective immediately. Yes Bank raised its prime lending rate by 75 basis points to 14.75%
'Banking stocks may fall in the short term, as a further interest rate hike will be in the anvil,' feels Rashesh Shah, CEO & MD, Edelweiss Capital.
SBI lost 6.31 per cent to end at Rs 930 and HDFC Bank lost 5.03 per cent ending at Rs 901. Oriental Bank of Commerce was the biggest loser on the index; the stock ended 10 per cent lower at Rs 168.
Rate sensitive sector, auto plummeted 299 points on the BSE to close at 4,569 points down 6.15 per cent. Auto shares were hit due to concerns that any rise in lending rates will rein in demand. Sluggish-to-weak March 2007 sales was yet another reason for the fall in two-wheeler scrips. Maruti slid 8.09 per cent to close at Rs 753; Tata Motors lost 8.04 per cent to down to Rs 669 and M&M slipped 8.31 per cent to end at Rs 715.
Sugar was the only sector that was not hammered down on Monday. Several sugar stocks were trading in the green. Balrampur Chini ended up 2.05 per cent at Rs 67.25; Bajaj Hindustan rose 1.36 per cent to Rs 197 and Triveni Engineering added 2.41 per cent to end at Rs 55.
However, Rana Sugars fell 0.4% to Rs 25.05, after the company became eligible for carbon credits as per a registration with the United Nations Framework Convention on Climate Change with retrospective effect, 2003. This will raise the net profit for 2006-07 by Rs 10 crore on the 1.30 lakh units of CERs earned at $17 per unit.
As per provisional data, FIIs were net buyers to the tune of Rs 640 crore on Friday (30 March), the day when the Sensex rose 92 points ahead of RBI's announcement of a hike in repo rate and CRR.
Asian stocks edged higher on Monday (2 April 2007). Key benchmark indices in Hong Kong, South Korea and Taiwan were in the green. Only Japan was down 1.50%.
US stocks ended little changed on Friday (30 March) as word that the United States had imposed duties on some Chinese imports offset strong economic news and a pullback in oil prices. The Dow Jones industrial average finished up 5.60 points or 0.05%, at 12,354.35. The Standard & Poor's 500 Index slipped 1.67 points or 0.12%, to 1,420.86. The Nasdaq Composite Index inched up 3.76 points or 0.16%, to close at 2,421.64
Oil prices eased but held just under $66 a barrel following a near two-week rally on tensions over Iran's capture of British military personnel and worries over US gasoline supplies ahead of the summer driving season.
Sensex closed near its intra-day low; at 12,455.37 points, losing 4.72 per cent or 616.73 points through the course of the day. Nifty closed at a loss of 4.92 per cent or 187.95 points, to end at 3,633.60. Earlier, Sensex had fallen by 826 points on May 18,2006, its biggest intra-day fall till date.
A surprise hike in the repo rate and the cash reserve ratio announced by Reserve Bank of India after trading hours on Friday (30 March 2007), spooked the bourses. The RBI raised its short-term lending rate, the repo rate, by 25 basis points to 7.75%. The central bank also raised the cash reserve ratio (CRR) by half a percentage point. The CRR will rise to 6.50% in two tranches, the first on 14 April 2007 and the other on 28 April 2007, and will drain Rs 15500 crore from the banking system.
'Market was expected to react negatively to this news. One is likely to see a sell off on Government securities,' Gordon Rodrigues, Head of Fund Management, Fixed Income, HSBC Asset Management Company.
Midcap and Smallcap stocks followed the broader market. The BSE Smallcap index closed at 6,294 down 2.7 per cent and the BSE Midcap index ended at 5,384.12 down 3.25 per cent.
About 684 shares advanced, 1736 shares declined, and 73 shares remained unchanged. The BSE cash turnover was Rs 2910 crore and the NSE cash turnover was at Rs 6858 crore. The total market wide turnover was at Rs 38644 crore.
'As the market was in a downtrend, the interest rate hike has only accelerated the fall. I think the market will breach the 12,300 level soon,' said Jayant Pai, vice-president of equity sales at Parag Parikh Financial Advisory Services.
Banking stocks lost 5.95% or 389 points ending at 6,152 points. A hike in lending rate by banks will raise interest rates on working loans of corporates. Over the last year, bank-lending rates have risen by about 300 basis points.
ICICI Bank fell 5.70 per cent to Rs 804 after it raised its benchmark lending rate by 100 basis points to 15.75% on Saturday. ICICI Bank also raised its floating reference rate for consumer loans, including home loans, by 100 basis points to 12.75%, effective immediately. Yes Bank raised its prime lending rate by 75 basis points to 14.75%
'Banking stocks may fall in the short term, as a further interest rate hike will be in the anvil,' feels Rashesh Shah, CEO & MD, Edelweiss Capital.
SBI lost 6.31 per cent to end at Rs 930 and HDFC Bank lost 5.03 per cent ending at Rs 901. Oriental Bank of Commerce was the biggest loser on the index; the stock ended 10 per cent lower at Rs 168.
Rate sensitive sector, auto plummeted 299 points on the BSE to close at 4,569 points down 6.15 per cent. Auto shares were hit due to concerns that any rise in lending rates will rein in demand. Sluggish-to-weak March 2007 sales was yet another reason for the fall in two-wheeler scrips. Maruti slid 8.09 per cent to close at Rs 753; Tata Motors lost 8.04 per cent to down to Rs 669 and M&M slipped 8.31 per cent to end at Rs 715.
Sugar was the only sector that was not hammered down on Monday. Several sugar stocks were trading in the green. Balrampur Chini ended up 2.05 per cent at Rs 67.25; Bajaj Hindustan rose 1.36 per cent to Rs 197 and Triveni Engineering added 2.41 per cent to end at Rs 55.
However, Rana Sugars fell 0.4% to Rs 25.05, after the company became eligible for carbon credits as per a registration with the United Nations Framework Convention on Climate Change with retrospective effect, 2003. This will raise the net profit for 2006-07 by Rs 10 crore on the 1.30 lakh units of CERs earned at $17 per unit.
As per provisional data, FIIs were net buyers to the tune of Rs 640 crore on Friday (30 March), the day when the Sensex rose 92 points ahead of RBI's announcement of a hike in repo rate and CRR.
Asian stocks edged higher on Monday (2 April 2007). Key benchmark indices in Hong Kong, South Korea and Taiwan were in the green. Only Japan was down 1.50%.
US stocks ended little changed on Friday (30 March) as word that the United States had imposed duties on some Chinese imports offset strong economic news and a pullback in oil prices. The Dow Jones industrial average finished up 5.60 points or 0.05%, at 12,354.35. The Standard & Poor's 500 Index slipped 1.67 points or 0.12%, to 1,420.86. The Nasdaq Composite Index inched up 3.76 points or 0.16%, to close at 2,421.64
Oil prices eased but held just under $66 a barrel following a near two-week rally on tensions over Iran's capture of British military personnel and worries over US gasoline supplies ahead of the summer driving season.
Sensex tanks 331 pts on heavy selling; Bank stocks plunge @ 10:17 hrs
Equities, led by bank stocks, went into a tailspin as the hike in CRR and Repo rates triggered a massive sell-off in early trade on the major Indian bourses this morning.
Mirroring the sharp erosion in values of frontline stocks, the benchmark BSE index Sensex, which crashed to a low of 12,706.92, is down with a huge loss of 331.06 points or 2.53% at 12,741.04 at present. The Nifty, which plunged to a low of 3711.95, is 2.59% or 99.85 points behind its previous closing mark, at 3722.70.
The mood is so negative that none of the Sensex components is up in the positive territory at present. Among Nifty stocks, only Tata Power (up 0.55%) has managed to move up to higher levels.
Banking sector heavyweights State Bank of India, ICICI Bank and HDFC Bank have plunged 5.4%, 5.6% and 4.05% respectively.
Automobile stocks Bajaj Auto, Maruti Udyog, Tata Motors and Hero Honda have lost between 3% and 4.25%. Larsen & Toubro has slipped by a little over 3%. Reliance Communications, ONGC, HDFC, Reliance Energy, Satyam Computers, Hindustan Lever, Bharti Airtel, ITC, Hindalco, Grasim Industries, Reliance Industries, Dr. Reddy's Laboratories, Tata Steel, Infosys Technologies, Wipro< BHEL, Dr. Reddy's Laboratories, Gujarat Ambuja Cements and ACC have all suffered sharp losses in opening trade.
Among non-Sensex bank stocks, Oriental Bank of Commerce, Union Bank of India, Bank of India, Punjab National Bank, Bank of Baroda, UTI Bank, Indian Overseas Bank, Centurion Bank of Punjab, Canara Bank, Andhra Bank and Allahabad Bank have lost 5% - 8%. Federal Bank, Kotak Bank, IDBI, Vijaya Bank, Dena Bank, Syndicate Bank, Corporation Bank, Bank of Maharashtra and UCO Bank have also declined sharply.
Mirroring the sharp erosion in values of frontline stocks, the benchmark BSE index Sensex, which crashed to a low of 12,706.92, is down with a huge loss of 331.06 points or 2.53% at 12,741.04 at present. The Nifty, which plunged to a low of 3711.95, is 2.59% or 99.85 points behind its previous closing mark, at 3722.70.
The mood is so negative that none of the Sensex components is up in the positive territory at present. Among Nifty stocks, only Tata Power (up 0.55%) has managed to move up to higher levels.
Banking sector heavyweights State Bank of India, ICICI Bank and HDFC Bank have plunged 5.4%, 5.6% and 4.05% respectively.
Automobile stocks Bajaj Auto, Maruti Udyog, Tata Motors and Hero Honda have lost between 3% and 4.25%. Larsen & Toubro has slipped by a little over 3%. Reliance Communications, ONGC, HDFC, Reliance Energy, Satyam Computers, Hindustan Lever, Bharti Airtel, ITC, Hindalco, Grasim Industries, Reliance Industries, Dr. Reddy's Laboratories, Tata Steel, Infosys Technologies, Wipro< BHEL, Dr. Reddy's Laboratories, Gujarat Ambuja Cements and ACC have all suffered sharp losses in opening trade.
Among non-Sensex bank stocks, Oriental Bank of Commerce, Union Bank of India, Bank of India, Punjab National Bank, Bank of Baroda, UTI Bank, Indian Overseas Bank, Centurion Bank of Punjab, Canara Bank, Andhra Bank and Allahabad Bank have lost 5% - 8%. Federal Bank, Kotak Bank, IDBI, Vijaya Bank, Dena Bank, Syndicate Bank, Corporation Bank, Bank of Maharashtra and UCO Bank have also declined sharply.
Wednesday, March 21, 2007
Is it the Right time to invest into stack market?
Hi All,
Now the market is at lower level, but the indian corporate growth stories is continuing, so what do you feel, is it the right time to invest into the market & is it the right time to avarage the portfolio? please give me you views.
Now the market is at lower level, but the indian corporate growth stories is continuing, so what do you feel, is it the right time to invest into the market & is it the right time to avarage the portfolio? please give me you views.
Monday, March 12, 2007
Expect market weakness to continue -- HARESH SONEJI
“The market looks weak, a bounceback is expected and the benchmark indices may end flat.” That’s what we said last week. And look at the Nifty position.
Heavy volatility persisted, but the Nifty closed around 8 points in the positive, compared to the previous week’s close. And from the state of affairs in the equity market, things continue to look weak. The 14% correction in the equity market may have hurt many an investor.
More correction may be expected. Contrary to what the market thinks, open interest in stock futures is down by hardly 10% compared to selloffs witnessed during previous falls. So, unwinding pressure was limited.
What does this suggest? Maybe it’s a sign of caution. In the May ’06 correction, F&O unwinding was to the tune of 50% and more. Maybe, this will lead to another round of correction. According to technical charts, a bounceback was expected.
But then, statements from the government stopped the bulls from gaining any more territory. Expect more action on Monday, when the government is scheduled to release Index of Industrial Production (IIP) data for January. Common signals thrown from the F&O segment seem to be running haywire.
The putcall ratio (PCR) seems to rise on one day and drop the other. The discount to the spot seems to change arbitrarily. There seems to be no consistency in such numbers. It’s best to avoid such statistics at this point in time. You never know what may happen. Remember, how smooth things looked just ahead of the Budget in the F&O charts?
And then suddenly, everything changed overnight. So, depending on them seems to be futile at this point in time.
As far as your positions are concerned, some relief was witnessed during the week. But nobody wanted to take chances. It is time to book losses in your March Nifty positions, which are bleeding.
That’s where 50% of your losses are coming from. Use an upmove to exit this position. Also, events ahead don’t look too good. For instance, there may be some more liquidity tightening at the upcoming Bank of Japan meeting, scheduled this week.
So, global markets may enter the weak domain. Sell off your April futures, which are making money for you at this point in time. You will always get it lower.
It’s time to do some covering up on the individual stock futures. Buy Reliance and Satyam put options. Based on Friday’s closing price, Reliance 1290 March PA was available around Rs 20.
Satyam 420 March PA was available at around Rs 8. This will help hedge your positions. Fresh positions, at best, can be avoided for another week.
Heavy volatility persisted, but the Nifty closed around 8 points in the positive, compared to the previous week’s close. And from the state of affairs in the equity market, things continue to look weak. The 14% correction in the equity market may have hurt many an investor.
More correction may be expected. Contrary to what the market thinks, open interest in stock futures is down by hardly 10% compared to selloffs witnessed during previous falls. So, unwinding pressure was limited.
What does this suggest? Maybe it’s a sign of caution. In the May ’06 correction, F&O unwinding was to the tune of 50% and more. Maybe, this will lead to another round of correction. According to technical charts, a bounceback was expected.
But then, statements from the government stopped the bulls from gaining any more territory. Expect more action on Monday, when the government is scheduled to release Index of Industrial Production (IIP) data for January. Common signals thrown from the F&O segment seem to be running haywire.
The putcall ratio (PCR) seems to rise on one day and drop the other. The discount to the spot seems to change arbitrarily. There seems to be no consistency in such numbers. It’s best to avoid such statistics at this point in time. You never know what may happen. Remember, how smooth things looked just ahead of the Budget in the F&O charts?
And then suddenly, everything changed overnight. So, depending on them seems to be futile at this point in time.
As far as your positions are concerned, some relief was witnessed during the week. But nobody wanted to take chances. It is time to book losses in your March Nifty positions, which are bleeding.
That’s where 50% of your losses are coming from. Use an upmove to exit this position. Also, events ahead don’t look too good. For instance, there may be some more liquidity tightening at the upcoming Bank of Japan meeting, scheduled this week.
So, global markets may enter the weak domain. Sell off your April futures, which are making money for you at this point in time. You will always get it lower.
It’s time to do some covering up on the individual stock futures. Buy Reliance and Satyam put options. Based on Friday’s closing price, Reliance 1290 March PA was available around Rs 20.
Satyam 420 March PA was available at around Rs 8. This will help hedge your positions. Fresh positions, at best, can be avoided for another week.
Volatility ahead, time to stay with sound cos -- SHAILESH MENON
Equity markets are in for a turbulent ride this week with future triggers dependant on issues like global liquidity concerns , residual effect of yen-carry trade and domestic inflation.
Investors are jittery after intermittent contradictory rallies last week; any adverse news or events, especially in the wake of the US economy note and Japanese economy note to be released this week, will further destabilise the market, say market participants.
Market opened marginally high today despite expectations of peek global markets.
Barring Singapore’s Straits Times, Kospi and Hang Seng, most overseas markets ended with losses last week. The US and Japanese markets also put up a no-show. The Nikkei market was down 0.31% for the week ended March 9. The benchmark index, BSE Sensex , ended the week with a marginal loss of 1.13 points at 12884.99. The broad-based NSE Nifty shed 8.75 points over the previous week’s close to settle at 3,718.
According to Amitabh Chakraborty, president - equities, Religare Securities, “The market is likely to remain volatile. As such investors should only go for companies that have sound fundamentals.”
“The market may have ended lower on Friday; but it appears to be on a rebound path. We are seeing some buying in Nifty, which can be considered a positive sign,’’ he added. While most analysts are maintaining a cautious outlook, there appears to be a glimmer of hope on assumptions of good advance tax collection figures (to come out on March 15) and bountiful quarter four earnings. However, an element of caution does remain .
“The market should be volatile in the coming week. We are bound to see some heavy upswings and down covering in the days to come. Indian markets will move on taking cues from the global bourses. The fact of the matter is that international markets will only stabilise when there is clarity on issues like yen-carry trade, global liquidity and US slowdown,’’ said Sai Tampi, head - PMS, HSBC Asset Management.
On the domestic front, inflation and rising interest rates would continue to be a cause for concern. Counting out all these negative factors, the India growth story is still intact. This will help the markets to do well once cloud of uncertainty moves away, Mr Tampi added.
“The volatility factor should be there till the next quarter. As far as foreign inflows are concerned, FIIs are likely to remain in cash for some more time. They would only be interested in investing in a market that has adjusted volatility,” said Amrish Baliga, vice-president , ICICI Securities . According to analysts, sectors like hotels, hospitality, power and tourism look good in current market conditions. Reliance Industries, Bharti, Tata Steel, ICICI Bank, IDFC and M&M are said to be good buys at lower levels.
However, the fact remains that the market is still heavily loaded with outstanding positions, which is a cause of concern. Summing it up aptly, an Edelweiss Capital report says, “With such a sharp correction, there will be substantial positions already making huge losses. On the other hand, any further fall could force these weak positions to exit, thereby starting the process of unwinding. In any case, we may see more correction in the market till a point where all the weak hands are out of the market.”
Note:
DRIVERS OF THE WEEK
Experts feel the market appears to be on a rebound path
Analysts expect the market to be volatile in the coming week
They feel global markets will stabilise if there’s clarity on issues like yen-carry trade
Investors are jittery after intermittent contradictory rallies last week; any adverse news or events, especially in the wake of the US economy note and Japanese economy note to be released this week, will further destabilise the market, say market participants.
Market opened marginally high today despite expectations of peek global markets.
Barring Singapore’s Straits Times, Kospi and Hang Seng, most overseas markets ended with losses last week. The US and Japanese markets also put up a no-show. The Nikkei market was down 0.31% for the week ended March 9. The benchmark index, BSE Sensex , ended the week with a marginal loss of 1.13 points at 12884.99. The broad-based NSE Nifty shed 8.75 points over the previous week’s close to settle at 3,718.
According to Amitabh Chakraborty, president - equities, Religare Securities, “The market is likely to remain volatile. As such investors should only go for companies that have sound fundamentals.”
“The market may have ended lower on Friday; but it appears to be on a rebound path. We are seeing some buying in Nifty, which can be considered a positive sign,’’ he added. While most analysts are maintaining a cautious outlook, there appears to be a glimmer of hope on assumptions of good advance tax collection figures (to come out on March 15) and bountiful quarter four earnings. However, an element of caution does remain .
“The market should be volatile in the coming week. We are bound to see some heavy upswings and down covering in the days to come. Indian markets will move on taking cues from the global bourses. The fact of the matter is that international markets will only stabilise when there is clarity on issues like yen-carry trade, global liquidity and US slowdown,’’ said Sai Tampi, head - PMS, HSBC Asset Management.
On the domestic front, inflation and rising interest rates would continue to be a cause for concern. Counting out all these negative factors, the India growth story is still intact. This will help the markets to do well once cloud of uncertainty moves away, Mr Tampi added.
“The volatility factor should be there till the next quarter. As far as foreign inflows are concerned, FIIs are likely to remain in cash for some more time. They would only be interested in investing in a market that has adjusted volatility,” said Amrish Baliga, vice-president , ICICI Securities . According to analysts, sectors like hotels, hospitality, power and tourism look good in current market conditions. Reliance Industries, Bharti, Tata Steel, ICICI Bank, IDFC and M&M are said to be good buys at lower levels.
However, the fact remains that the market is still heavily loaded with outstanding positions, which is a cause of concern. Summing it up aptly, an Edelweiss Capital report says, “With such a sharp correction, there will be substantial positions already making huge losses. On the other hand, any further fall could force these weak positions to exit, thereby starting the process of unwinding. In any case, we may see more correction in the market till a point where all the weak hands are out of the market.”
Note:
DRIVERS OF THE WEEK
Experts feel the market appears to be on a rebound path
Analysts expect the market to be volatile in the coming week
They feel global markets will stabilise if there’s clarity on issues like yen-carry trade
Monday, March 5, 2007
Stock Market - Observations.
1.Sensex has been making lower tops and lower bottoms since Feb first week, after making a top at 14700 LEVEL OR SO.
2.Budget has delivered a decisive blow to the bullish sentiment AND NOW BULLS ARE REELING UNDER VINDICTIVE LOOKING BUDGET PROVISIONS .These sam e bulls had earlier seemed invincible and were on a rampage.
3.Sentiment is also shattered due to several IPOs which were issued at very high levels and now are quoting much lower.
4.5 DAY Chart shows that there is not a single higher top even in the short run.
5. 3Month SENSEX chart shows that SENSEX has gone bolow 100DMA and is now near 200 DMA. This level may soon be touched.
6. 6 Month chart also shows the same thing.SENSEX IS below 10 dma and 100 dma AND IS PRECARIOUSLY POISED TO REACH 200 DMA.
7. The 10 dma and 100 dma are almost touching. This is like a critical point from where the indices might bounce back or might go under.This is to be seen.
Overall the market seems oversold and might have a bounce back for a day or two.But that is it.There is UNLIKELY TO BE A MAJOR REVERSAL OF THE TREND IN THE MARKET AND DOWNTREND IS LIKELY TO CONTINUE AND ACCELERATE.
Therefore it is recommended that if there is even a small bounce ( means 100 or 200 sensex point rise) just sell ALL YOUR SHARES.
Commodity prices are falling and demand is shrinking.USA which is one of the biggest markets for everyone in the world is probably going to enter a period of recession, A big blow to the bullish sentiment.
Rupee is getting stronger making our exports costlier and imports cheaper. Stronger rupee is also not beneficial for the SOFTWARE sector.
Political situation is very fluid and ruling party is likely to be destabilised due to losses in elections and disputes with partners.
International situation is precarious since USA MIGHT START A WAR WITH IRAN ANY TIME.
TERRORISM situation is likely to escalate in INDIA making it tense.
If the market goes higher SELL SHORT. Dont worry if the market is falling.A falling market is a cause for worry only for DIE HARD BULLS. Bears are rubbing their hands in glee , having tasted the BLOOD OF BULLS and now bears are poised to destroy them into the dust.
See how you feel when the market goes up and you sell and collect the cash.You will feel even better if you go short and then MAKE MONEY WHEN THE MARKET FALLS FURTHER.So friends dont despair if you have seen the market falling.It will fall after a relentless rise.Sell on every rise.Market might give you a bounce of about 500 points in the next few days.
This makes it quite clear that market will be in a bearish trend for a while and might shed a few thousand points in sensex and a few hundred points in NIFTY.
Sell and wait for an opportune time to buy back.DONT BE IN A HURRY TO BUY SINCE THE MARKET IS LIKELY TO BE WEAK FOR AT LEAST 8 WEEKS.
Wednesday, February 28, 2007
Stock picking secrets -- By Kathy Kristof
Billionaire investor Warren Buffett looks for value when he buys stocks. Peter Lynch, the investment guru who once headed Fidelity's giant Magellan stock fund, sought companies with strong growth prospects. Both have been wildly successful, showing that stock-picking success can be achieved from different angles. Indeed, there is no one right way to pick stocks.
Knowing the basics of stock picking is a fundamental skill that all serious investors need to have, One relatively basic method, used in variations by many professionals, is to combine the growth and value strategies prescribed by Buffett and Lynch: Look for steadily growing companies that are selling at reasonable prices, suggests Judy Vale, a portfolio manager at Neuberger & Berman in New York.
Looking at Fundamental Indicators of Value
Exciting and volatile markets warrant a dull approach to investing — an approach that involves asking a lot of questions about the company’s fundamental business, then doing a little mathematical analysis, Vale says. So how do you do it?
While there are no hard-and-fast rules, many professional investors screen companies based on a number of factors, including growth in sales and earnings, cash flow, and net profits. They also look at how profits compare with total assets — a ratio better known as return on assets.
These figures are important because the future value of a company’s shares is likely to hinge on its ability to grow and prosper. Growth in sales and earnings is a mathematical reading of demand for a company’s products and services. Meanwhile, a company that’s earning a substantial amount on assets — Vale’s standard requires more than a 1 percent return on assets for a financial services concern and more than 8 percent for non-financial businesses — has proved it knows how to deploy its resources in effective ways.
In terms of cash flow, look for whether the company is generating more cash from operations than it’s spending. That tells you if the company is earning enough on its business to finance future growth without resorting to borrowing or issuing more stock either of which can prove detrimental to existing shareholders.
Finally, try to determine whether the company has a product or provides a service that’s unique and difficult to copy. If it does, it’s likely the company will remain a market leader for a longer period of time. What products are hard to copy or unique? There are a wide variety, but they would include products that require formulas that are under patent protection for long periods, those that require unique technical skills, or those that require a great deal of capital to produce — such as cars and air planes, for example.
If the company makes it through that gauntlet, its stock is analyzed to determine whether the price is cheap or dear. Often that analysis hinges on the price-to-earnings (P/E) ratio, which is a measure of how the company’s stock price compares to its per share earnings. A company that earns $2 per share annually and sells for $20, for example, would have a P/E ratio of 10. This company’s stock price is equivalent to ten times its annual earning per share.
When looking at this ratio, what investors must keep in mind is that there is not one right P/E ratio for all companies. Instead, each company has a normal P/E range. When the company's stock price breaks out of that range, it’s time to ask why. If the company’s stock price is higher than normal compared with earnings, it can be an indication that its stock price is too high. Or it can indicate that the company is primed for unusually fast growth. Likewise, when a company's P/E is low, it can mean either that bad times are setting in or that the company's stock price is a bargain.
The rule of thumb for considering the price of growth stocks that have broken out of their normal P/E ratio is this: The stock is still a good buy if the P/E is at or below the annual growth rate of the company’s earnings. In other words, a stock that normally sold for fifteen times earnings might be a legitimate bargain when selling for twenty times earnings if its profits were growing by 20 per cent or 25 per cent per year.
Take caution about narrowing your stock choices based on Value Line’s timeliness rankings. Sometimes the top-ranked companies are all clustered in just a few industries. If you aim to diversify properly — a requisite for anyone who wants to reduce his or her risks — you have to keep an eye on the industry groups you’re choosing and make sure you choose stocks in many different industries.
Once you’ve chosen a stable of stocks to buy, all you need to do is keep an eye on your selections to make sure you didn’t select poorly. Doing that periodic analysis will help you determine when you ought to sell — and when it’s time to buy more shares in the companies you like the best.
Knowing the basics of stock picking is a fundamental skill that all serious investors need to have, One relatively basic method, used in variations by many professionals, is to combine the growth and value strategies prescribed by Buffett and Lynch: Look for steadily growing companies that are selling at reasonable prices, suggests Judy Vale, a portfolio manager at Neuberger & Berman in New York.
Looking at Fundamental Indicators of Value
Exciting and volatile markets warrant a dull approach to investing — an approach that involves asking a lot of questions about the company’s fundamental business, then doing a little mathematical analysis, Vale says. So how do you do it?
While there are no hard-and-fast rules, many professional investors screen companies based on a number of factors, including growth in sales and earnings, cash flow, and net profits. They also look at how profits compare with total assets — a ratio better known as return on assets.
These figures are important because the future value of a company’s shares is likely to hinge on its ability to grow and prosper. Growth in sales and earnings is a mathematical reading of demand for a company’s products and services. Meanwhile, a company that’s earning a substantial amount on assets — Vale’s standard requires more than a 1 percent return on assets for a financial services concern and more than 8 percent for non-financial businesses — has proved it knows how to deploy its resources in effective ways.
In terms of cash flow, look for whether the company is generating more cash from operations than it’s spending. That tells you if the company is earning enough on its business to finance future growth without resorting to borrowing or issuing more stock either of which can prove detrimental to existing shareholders.
Finally, try to determine whether the company has a product or provides a service that’s unique and difficult to copy. If it does, it’s likely the company will remain a market leader for a longer period of time. What products are hard to copy or unique? There are a wide variety, but they would include products that require formulas that are under patent protection for long periods, those that require unique technical skills, or those that require a great deal of capital to produce — such as cars and air planes, for example.
If the company makes it through that gauntlet, its stock is analyzed to determine whether the price is cheap or dear. Often that analysis hinges on the price-to-earnings (P/E) ratio, which is a measure of how the company’s stock price compares to its per share earnings. A company that earns $2 per share annually and sells for $20, for example, would have a P/E ratio of 10. This company’s stock price is equivalent to ten times its annual earning per share.
When looking at this ratio, what investors must keep in mind is that there is not one right P/E ratio for all companies. Instead, each company has a normal P/E range. When the company's stock price breaks out of that range, it’s time to ask why. If the company’s stock price is higher than normal compared with earnings, it can be an indication that its stock price is too high. Or it can indicate that the company is primed for unusually fast growth. Likewise, when a company's P/E is low, it can mean either that bad times are setting in or that the company's stock price is a bargain.
The rule of thumb for considering the price of growth stocks that have broken out of their normal P/E ratio is this: The stock is still a good buy if the P/E is at or below the annual growth rate of the company’s earnings. In other words, a stock that normally sold for fifteen times earnings might be a legitimate bargain when selling for twenty times earnings if its profits were growing by 20 per cent or 25 per cent per year.
Take caution about narrowing your stock choices based on Value Line’s timeliness rankings. Sometimes the top-ranked companies are all clustered in just a few industries. If you aim to diversify properly — a requisite for anyone who wants to reduce his or her risks — you have to keep an eye on the industry groups you’re choosing and make sure you choose stocks in many different industries.
Once you’ve chosen a stable of stocks to buy, all you need to do is keep an eye on your selections to make sure you didn’t select poorly. Doing that periodic analysis will help you determine when you ought to sell — and when it’s time to buy more shares in the companies you like the best.
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