Dollar News.....Source

$ fell sharply as the Reserve Bank has asked state-run oil companies to approach only a specific group of state-run banks for their dollar requirements

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Buy Subros Cmp 33.40 with the target of 37Rs in Short term, Stoploss 29Rs Strictly follow....Rohit Saxena

Subros net profit rises 221.17% in the March 2012 quarter

(30-May-2012  , 12:18 Hours IST)

Subros net profit rose 221.17% to Rs 35.20 crore in the quarter ended March 2012 as against Rs 10.96 crore during the previous quarter ended March 2011. Sales rose 21.49% to Rs 368.94 crore in the quarter ended March 2012 as against Rs 303.67 crore during the previous quarter ended March 2011. For the Unaudited full year,net profit rose 69.53% to Rs 48.40 crore in the year ended March 2012 as against Rs 28.55 crore during the previous year ended March 2011. Sales rose 2.41% to Rs 1115.37 crore in the year ended March 2012 as against Rs 1089.10 crore during the previous year ended March 2011. Particulars Quarter Ended Year Ended   Mar. 2012 Mar. 2011 % Var. Mar. 2012 Mar. 2011 % Var. Sales 368.94 303.67 21 1115.37 1089.10 2 OPM % 11.49 8.86 30 8.69 6.83 27 PBDT 35.02 22.40 56 82.62 72.57 14 PBT 15.63 11.56 35 29.61 32.02 -8 NP 35.20 10.96 221 48.40 28.55 70

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Buy ITC Cmp 233.30Rs with the target of Rs 245 (Buy between 227.10 to 233.50Rs) , Stoploss 227Rs Strictly follow....​..Rohit Saxena

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Update : Buy Skumarsynf Cmp 26.30Rs, buy between 25 to 27Rs, Target R1-29.50Rs, R2- 32Rs, R3- 35Rs.

Skumarsynf Cmp 31.20Rs, Todays High 31.60Rs, Target R2 - 32Rs almost achieved 7% up today, total 20%Up in 15days.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Trading Call Closed :- Buy Nifty May 5000Pe @ 35Rs, Target 55Rs, stoploss 32Rs strictly Follow.....Rohit Saxena

Dear All,

Nifty May 5000Pe Cmp 67Rs, Todays High 75Rs and Previous Closing was 44Rs and given almost 100% Return......CHEERS!!! 

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Nifty May 5000 PE closed on 44Rs.....Cheers!!!

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Update : Trading Call :- Buy Nifty May 5000Pe @ 35Rs, Target 55Rs, stoploss 32Rs strictly Follow.....Rohit Saxena

Revised Stoploss 27Rs.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Update : Buy Skumarsynf Cmp 26.30Rs, buy between 25 to 27Rs, Target R1-29.50Rs, R2- 32Rs, R3- 35Rs.

Skumarsynf Cmp 29.35Rs, Todays High 29.80Rs, Target R1 29.50Rs achieved 10%Up in 14days.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

You should keep 4950 as stoploss to longs position.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com 

              

Buy and Hold Pidilite Industries Cmp 170.50Rs, R1-179Rs, R2-188Rs, R3-196Rs

Sales rise 16.76% to Rs. 647.64 crore

Pidilite Industries net profit rose 142.78% to Rs. 70.99 crore in the quarter ended March 2012 as against Rs. 29.24 crore during the previous quarter ended March 2011. Sales rose 16.76% to Rs. 647.64 crore in the quarter ended March 2012 as against Rs. 554.67 crore during the previous quarter ended March 2011. For the Audted full year,net profit rose 10.08% to Rs. 334.50 crore in the year ended March 2012 as against Rs. 303.88 crore during the previous year ended March 2011. Sales rose 18.94% to Rs. 2799.52 crore in the year ended March 2012 as against Rs. 2353.75 crore during the previous year ended March 2011. Particulars Quarter Ended Year Ended   Mar. 2012 Mar. 2011 % Var. Mar. 2012 Mar. 2011 % Var. Sales 647.64 554.67 17 2799.52 2353.75 19 OPM % 14.65 13.89 5 17.37 19.90 -13 PBDT 105.36 81.39 29 504.67 466.79 8 PBT 92.93 70.00 33 456.74 422.40 8 NP 70.99 29.24 143 334.50 303.88 10

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Bharti and Qualcomm announce partnership for 4G ( Cmp 297Rs, 5.32% Up today)

Bharti already has BWA licenses in four circles - Kolkata, Karnataka, Punjab and Maharashtra - and 3G licenses in thirteen circles in India.

Bharti Airtel Limited, a leading global telecommunications company with operations in 20 countries across Asia and Africa, and Qualcomm Incorporated, the world leader in 3G and next-generation mobile technologies, today announced that they have signed an agreement for Bharti to acquire an interest in Qualcomm Asia Pacific's (Qualcomm AP) Indian BWA entities.  Under the agreement, Bharti has made an initial investment of approximately USD 165 million to acquire 49 percent interest in Qualcomm AP's India entities that hold BWA licenses in Delhi, Mumbai, Haryana and Kerala - partly by way of acquisition of 26 percent equity interest equally held by Global Holding Corporation Private Limited and Tulip Telecom Limited, and the balance by way of subscription of fresh equity in those entities. The agreement contemplates that once commercial operations are launched, subject to certain terms and conditions, Bharti would assume complete ownership and financial responsibility for the BWA entities by the end of 2014.  Bharti already has BWA licenses in four circles - Kolkata, Karnataka, Punjab and Maharashtra - and 3G licenses in thirteen circles in India. With this agreement, Bharti has secured a nation-wide broadband leadership through a combination of 4G and 3G, with its own networks in 18 circles. Bharti has already taken the lead in LTE TDD space by launching 4G services in Kolkata and Karnataka Circles.  Commenting on the partnership Sunil Bharti Mittal, Chairman and Managing Director, Bharti Airtel said, "We are delighted to partner with Qualcomm, who shares our commitment to the Government's agenda of broadband for all. This partnership will combine the strength of Bharti's national telecom footprint and Qualcomm's technological leadership in the LTE TDD space. With a broadband ready network across India, Bharti is well positioned to lead the next phase of Indian's telecom revolution."  "One of our key objectives has been to include a strong partner in the Indian venture with the scale, experience and resources to deploy LTE TDD networks. We are pleased to have Bharti's participation and support in this effort," said Dr Paul E Jacobs, chairman and CEO of Qualcomm.  "GHC and Tulip have been great partners in facilitating this transaction. Qualcomm remains dedicated to the continued progress and success of the BWA venture and to fulfilling our commitment as a key equity stakeholder."  Qualcomm expects to provide technical assistance to Bharti in connection with network architecture and optimization, infrastructure and device testing, as well as continuing to develop and support the underlying technology and the LTE TDD ecosystem

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Dollar Vs Rupee ? God save rupee!!!

Rupee has almost met the first downside objective set at 55.25 (low of 55.08) ahead of short term objective at 56.75-57.00, which is expected to complete the end-to-end of set short term range of 52-57; since then (set up of this short term range) rupee is down from low of 52.01 (seen on 23rd April), covering 60% of the journey in one months' time. Rupee is down by over 25% since July 2011 low of 43.85 and by over 13% from the February 2012 low of 48.60 (at annualised rate of over 52%). This sharp rupee depreciation is a serious concern for stake holders who have large uncovered dollar liabilities and sold most of export realisation. It is worse for those who have bought interest cost reduction derivative structures by shift of rupee liability to foreign currency, mostly to USD and JPY. It is a big worry for RBI as this sharp depreciation in rupee has knocked out the benefit of over 14% in BRENT Crude, down from high of 128.40 since 1st March 2012. The expectation of shift into pro-growth monetary stance, on the back of accelerated rupee weakness beyond downtrend in crude oil price is not relevant now. RBI will continue to see inflation as major risk to growth.   RBI has done all it could to arrest rupee depreciation with no tangible impact; it could only delay the inevitable but could not deny it! The recent measure to cut the "arbitrage flows" between OTC spot market and ETF forward market is a major one. The integration between these two markets generates liquidity to cut the "lead and lag" play and enable efficient price discovery. It is a major decision to cut the integration between cash and futures market. Why this tough decision? The forward value of the dollar in OTC market is not a reflection of future expectation of spot value. It only captures the interest differential between the two currencies which are exchanged from start to end date. On the other hand, forward value in the ETF market builds in expectation of the future value; thus generating lead and lag play between the values in OTC and ETF market. How it impacts? When the going is tough for rupee, forward dollar in ETF is costlier than OTC market which generates dollar demand in the OTC market which flows into ETF market to cut the arbitrage. When the going is good for rupee, forward value in ETF is cheaper than OTC market which generates dollar demand in the ETF market which flows into the OTC market. What is the end result? When RBI comes to protect rupee (by sale of dollars), there is pent up demand for dollars in the OTC market and when RBI tries to arrest excessive rupee appreciation (by buying dollars), there is flush of dollar supplies in the OTC market. In either of the case, it makes life tough for RBI (by making intervention ineffective) and not seen as good for the economy and its stake holders. Unfortunately, even this measure could not provide decent "correction"; knee-jerk reaction held well at 54.60 and up sharply to post new intra-day low of 55.08 and but for RBI dollar sales would have taken out 55.25.   The market is closely watching next steps of RBI; mopping up of $10-20 billion of "India Resurrection Bond" issuance from NRIs (and other non-resident investors) may not help to guide rupee reversal beyond 53.50. The need is to address issues related to capital account flows and issues are complex with mix of woes from political, economic and monetary regimes. RBI is very vocal about the need of capital flows to bridge widening current account deficit. The threat is also that of India exit from BRICS group and moving out of the radar of foreign investors. The issue on hand is serious and no serious attempts are being made by the Government to provide course correction.   What next? The near term range now stands shifted to 54-57 with strong protection at 53.50. It is matter of time for 55.25 to give way on USD Index back into recent high of 81.75 (with EUR/USD holing below 1.29 for 1.26). It is also matter of time for NIFTY to extend its losses into 4500. These strong market forces (acting against rupee) will make it tough for RBI to defend extended rupee weakness into 56.50-57.00. We have completed 60% of the journey (from 52 to 57) in one month time and may not rule out faster pace for the remaining 40% of the journey towards 57.   The author is Head – ALCO and Economic & Market Research IndusInd Bank, Mumbai

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Market Updates.....By Experts

Dear All,

Nifty Spot has manged to close above 4850 last week and is holding above the level on the start of this week. Stay long for a short pull back as long as the index stays above 4850. On the weekly chart we could see a hammer formation in Nifty supporting a short pullback in the index. TRM indicates, there won't be much movement in the index for tomorrow too which coincides with the last parliamentary session an event which mkt expects very keenly. The charts are indicating the range of 5050 - 4850 for this week. Remember again this is a short pullback only and there is no indication of market getting bottomed out so far. The pull back is also supported by a raise in traditional indicators. Market breadth supports the buyers more than the sellers, short term traders can make use of this opportunity to trade longs for quick gains. 

Bank Nifty in this pull back can test to the levels of 9740, and chart reading says it will be in the range of 9200-9700. PSU Banks are best for short gains, our top pick remains with Bank Baroda and SBIN.  SBIN will be in the range of 1950 - 2100.Bank Baroda will have a first resistance at 670, above which the stock can test 710 levels. 

AUTO - is weak but in the over all pullback can participate a little, though stock specific longs can be initiated in this sector, one should not be aggressive in AUTO.

FMCG & PHARMA will be in the sideways and hence traders should be more stock specific than sector specific. My pick of DIVIS LAB, still remains the best bet in Pharma.

INFRA will offer a good bet in this pullback and traders can make quick bucks in this sector, stay long with the leaders, LT is the good pick in this sector and we can expect the stock to test 1200-1240 levels. 

REALTY is too can give a chance for a short long trade. My pick is DLF stay long with the stop at 185.

Although MIDCAPS have beaten up heavily, I don't see any good raise across the midcap stocks, and hence I suggest to avoid midcaps. Traders can go for it with intraday view, can can choose some quality stocks for short deliveries.

Though METALS gives a pullback with the kind of weakness it exhibits, it is better to short sell near resistance than to go for longs at supports. 

To conclude, I would like to quote what scott adams says "Nothing defines humans better than their willingness to do irrational things in the pursuit of phenomenally unlikely payoffs. This is the principle behind lotteries and religion." So, dealers/traders, trade with rational mind than getting messed up with emotional mind. 

Wish you a Happy Trading!!

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Market bullishness

Global markets have been terrible this month but may be things are
about to change for good and here's why

Greece Exit from Euro may not happen

Reason:

Greece's conservative New Democracy party, which backs the country's
international bailout, has retaken the lead from the anti-bailout
radical leftist SYRIZA, a poll showed on Thursday, the first published
since a new election was called for June 17

Based on this result, New Democracy would win 123 seats, the pollsters
said. Combined with the 41 seats projected to be won by the Socialist
PASOK, Greece's two major pro-bailout parties would command a 14-seat
majority in the country's 300-strong parliament. This means Angela
Merkel's strategy is working and she seems to be promising that if
Greece abide's by its commitments…EU will look into growth stimulus of
Greece.

This looks like great news as it removes the political uncertainty and
with political momentum behind New Democracy and anti left: Greece may
not have to exit Euro. This will take out the Big IF fom the market

Here's the complete news:

http://www.reuters.com/article/2012/05/17/us-greece-politics-poll-idUSBRE84G11420120517

The other big news comes from China

There is speculation that Chinese government will step up efforts to
combat a slowdown by announcing a big stimulus program this week.

With market completely oversold, both the news items have the
potential to reverse the slide. At this point of the time – the news
looks good but we need to see the confirmation on the screen.
Remember, News don't change the trend of the market per se…the
technicals of the market change the trend. So, news looks bullish but
we need to see the bullish action

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

March quater results snapshot

Please see the find attachment.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

COVER ALL SHORTS ON A CLOSE ABOVE 4850 ON SPOT.

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

One more list of FCCB / ECB

This is what Fitch ratings believe

A total of 59 Indian companies face redemption of USD7bn in foreign currency convertible bonds (FCCB) during 2012. Fitch Ratings believes that about 63% of the amount due is likely to be repaid from a combination of internal accruals and fresh borrowings. Of the balance 17% is expected to undergo restructuring (mostly time extensions) while the remaining 20% is likely to default with ensuing restructuring, possibly having significant distressed debt exchange (DDE) features

Just look at the various companies, redemption amount and when it is due.

Stock	FCCB due on	Redemption Amount [USD mn]
.	Likely to be redeemed
.	Reliance Communications Ltd	1-Mar-2012	1181.51
.	Tata Motors Ltd	12-Jul-2012	623.5
.	Tata Steel Ltd	5-Sep-2012	471.15
.	JSW Steel Ltd	28-Jun-2012	391.84
.	Bharat Forge Ltd	28-Apr-2012	57.03
.	Likely to be redeemed [Companies likely to get refinancing option]
.	Jaiprakash Associates Ltd	12-Sep-2012	523.56
.	Tulip Telecom Ltd	26-Aug-2012	140.17
.	Strides Arcolab Ltd	27-Jun-2012	116.04
.	Educomp Solutions Ltd	26-Jul-2012	110.75
.	Man Industries India Ltd	23-May-2012	64.63
.	Pidilite Industries Ltd	7-Dec-2012	51.84
.	Everest Kanto Cylinder Ltd	10-Oct-2012	49.98
.	Grabal Alok Impex Ltd	5-Apr-2012	28.43
.	Rajesh Exports Ltd	21-Feb-2012	25.46
.	Ruchi Infrastructure Ltd	3-Feb-2012	18.78
.	Micro Technologies India Ltd	23-Jul-2012	18.63
.	Uflex Ltd	9-Mar-2012	11.45
.	Kalindee Rail Nirman Engineers	7-Mar-2012	3.3
.	Likely to be redeemed [Companies may secure high cost local funding to redeem]
.	Orchid Chemicals & Pharmaceuticals	28-Feb-2012	167.64
.	Rolta India Ltd	29-Jun-2012	134.77
.	Plethico Pharmaceuticals Ltd	23-Oct-2012	109.44
.	Karuturi Global Ltd	19-Oct-2012	55.07
.	Sharon Bio-Medicine Ltd	4-Dec-2012	23.3
.	Websol Energy System Ltd	1-Nov-2012	22.05
.	Kamat Hotels India Ltd	14-Mar-2012	19.6
.	Surana Industries Ltd	20-Jun-2012	18.12
.	Aarvee Denims & Exports Ltd	11-Apr-2012	5.92
.	Easun Reyrolle Ltd	5-Dec-2012	5.7
.	Suryajyoti Spinning Mills Ltd	17-Feb-2012	3.51
.	Tantia Constructions Ltd	18-Jul-2012	3.44
.	OK Play India Ltd	24-Jul-2012	0.35
.	Will have to restructure
.	Suzlon Energy Ltd	12-Jun-2012	306.87
.	Firstsource Solutions Ltd	4-Dec-2012	240.13
.	Suzlon Energy Ltd	11-Oct-2012	175.84
.	Prime Focus Ltd	13-Dec-2012	78.99
.	Prithvi Information Solutions	27-Feb-2012	76.1
.	Moser Baer India Ltd	21-Jun-2012	61.45
.	Hotel Leela Venture Ltd	25-Apr-2012	60.98
.	Moser Baer India Ltd	21-Jun-2012	59.93
.	Great Offshore Ltd	12-Oct-2012	40
.	Suzlon Energy Ltd	11-Oct-2012	32.8
.	Shree Ashtavinyak Cine Vision	22-Dec-2012	27.34
.	Shri Lakshmi Cotsyn Ltd	27-Sep-2012	14.46
.	Fear of Significant Distress
.	GTL Infrastructure Ltd	29-Nov-2012	320.55
.	Subex Ltd	9-Mar-2012	85.16
.	Subex Ltd	9-Mar-2012	53.05
.	XL Energy Ltd	23-Oct-2012	46.6
.	Gayatri Projects Ltd	3-Aug-2012	42.34
.	Indowind Energy Ltd	22-Dec-2012	30
.	Pokarna Ltd	29-Mar-2012	17.34
.	Murli Industries Ltd	6-Feb-2012	8.23
.	Threat of Default
.	Sterling Biotech Ltd	16-May-2012	183.84
.	Pyramid Saimira Theatre Ltd	4-Jul-2012	122.56
.	KSL and Industries Ltd	19-May-2012	111.58
.	3i Infotech Ltd	27-Jul-2012	93.86
.	Zenith Infotech Ltd	17-Aug-2012	46.7
.	3i Infotech Ltd	3-Apr-2012	36.3
.	ICSA India Ltd	28-Apr-2012	32.74
.	KLG Systel Ltd	27-Mar-2012	31.63
.	ICSA India Ltd	10-Mar-2012	30.01
.	Ankur Drugs & Pharma Ltd	27-Dec-2012	26.6
.	Gemini Communications Ltd	18-Jul-2012	205
.	Pioneer Embroideries Ltd	28-Apr-2012	16.41
.	GV Films Ltd	23-Oct-2012	16.38
.	Wanbury Ltd	23-Apr-2012	14.41
.	Wanbury Ltd	17-Dec-2012	12.66

What does this all mean?

Reliance Communications Limited has already tied-up funding sources for redeeming its FCCB, others in the top 5 are expected to redeem bonds by combining internal accrual, fresh FCCB issuance and low-cost ECB. Large companies are always able to manage somehow.

There is a possibility that many companies will default unless they have tied up liquidity support. Even if they get access to liquidity, it will not come cheap and as a result: the interest burden will be big overhang on company's performance. So, Be careful before you put in money in stocks which are lower down in the list. And also keep an eye on all the names to avoid any ugly surprise.

Many Indian companies resorted to the FCCBs as a convenient way to raise cheap debt during 2005 and 2008 on premise that stock prices only go one way and that is up. But last 3 years of volatility has put lot of companies at risk and with USDINR all over the place…it's turning out to be nightmare for many of these companies and its investors. Fitchratings came out with interesting report on the subject.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Impact on USD rising on corporates

Dear Investors,

 

With USD trading at Rs.55, there is going to be a serious impact on all corporates who have borrowed overseas and their redemption is due this year. The debt roll over (if happens) will be costly and rumours says that majority of the midcap compnaies will even default in their payout.

So before Investing any companies for Portfolio  (even if market gives some breather), check the current debt / equity situation along with any external borrowings if they have along with redemption due.

Will send the FCCB / ECB list for you ref.

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

My Experience say something about current Scenerio and Prediction for Future......Rohit Saxena

Dear Investor,

 

Today Rupee make new life time low and dollar makes new high day by day, the current scenerio is not in favour of the market but i seen improvement after closing of this month Futures may 2012, i mean to say that what ever Nifty will give closing in this month (levels are 4500 or 4600 or 4700 or 4800 what ever) the next month june closing will be 200 to 300  points higher than may month closing (levels will be 4700 or 4800 or 4900 or 5000 what ever). June to August 2012 Market is not react in one way but it will be range bound and investor will make money for short term only or may be looser, So be careful before investing your money in 15th may 2012 to 15th Aug 2012. Because the chances of earning is too less as compare to book profit. And Time to time i will inform you about the changes in the scenerio and in between period i will update you specified call with Specified Reason where you will make good profit with very low risk .

 

Suggestion and Add on Prime picks as per the scenerio :- TataMotors, TataMotorsDVR, Uco Bank, VijayaBank, Central Bank, SBIN, Skumar Nationwide Ltd, ICICI Bank, L&T, AXIS Bank, TimeTechno Plast, BHEL, Yesbank, Lovable, BergerPaints, RECL, PFC, WockPharma, SunPharma, TataSteel, Corpbank, RelCap, Titan, Voltas, Gail, HDFC Bank , IGL, ITC, HindustanUniliver, Divislab, Noida Toll, Bharti, Pidilitind, UBL. 

Good Luck !!!

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Buy Skumarsynf Cmp 26.60Rs, buy between 25 to 27Rs, Target R1-29.50Rs, R2- 32Rs, R3- 35Rs.

Dear All,

 

Some time or if u plan for SIP style do it from here itself.

 

And as per the below 3 quarters Result, we expecting good Result same in March 2012 Quarter.

 

S.Kumars Nationwide net profit rises 38.02% in the December 2011 quarter.

 

S.Kumars Nationwide net profit rises 55.87% in the September 2011 quarter.

 

S.Kumars Nationwide net profit rises 62.76% in the year ended March 2011.

 

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Go with Central Bank Of India.....​.Rohit Saxena

Buy Central Bank Of India Cmp 75.15Rs, buy between 72 to 75.25Rs, Target R1- 79Rs and R2- 81Rs. (Stoploss 71.90Rs Strictly follow)

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Start winning big with our generous welcome bonus at Dice Stars Casino!

The Dice Stars is a great place to play casino games.

With a welcome bonus of 300% on offer for new players this is the place to rack up some quick cash.

Deposit 100 EUR/USD and get 300 EUR/USD totally free!

Start playing today to win the big bucks.

http://www.7dicestarscasino.com/?id8f47c3c18ffce353de1e4b90f9294586a7b9321ce327ee52cbf450

Start winning big with our generous welcome bonus at Dice Stars Casino!

The Dice Stars is a great place to play casino games.

With a welcome bonus of 300% on offer for new players this is the place to rack up some quick cash.

Deposit 100 EUR/USD and get 300 EUR/USD totally free!

Start playing today to win the big bucks.

http://www.dicestarsbets.net/?id7ca054d3011df5cb6d5738a1f90d73f3631c79b938f56a4e0fbd74

Vijaya Bank net profit rises 233.71% in the March 2012 quarter

Dear All,

Buy Vijaya Bank Cmp 53.30Rs, Accumulate this stock with the short Term target 59Rs and Medium Term Target 65Rs. Just because of the GAAR Policies and weak Sentiments in the market stock break and come on this level it doesn't mean stock not perform again.

 

Operating income rises 33.78% to Rs. 2152.23 crore

Net profit of Vijaya Bank rose 233.71% to Rs. 180.97 crore in the quarter ended March 2012 as against Rs. 54.23 crore during the previous quarter ended March 2011. Total operating income rose 33.78% to Rs. 2152.23 crore in the quarter ended March 2012 as against Rs. 1608.78 crore during the previous quarter ended March 2011. For the audited full year, net profit rose 10.91% to Rs. 580.99 crore in the year ended March 2012 as against Rs. 523.82 crore during the previous year ended March 2011. Total operating income rose 36.69% to Rs. 7988.12 crore in the year ended March 2012 as against Rs. 5844.06 crore during the previous year ended March 2011. Particulars Quarter Ended Year Ended   Mar. 2012 Mar. 2011 % Var. Mar. 2012 Mar. 2011 % Var. Sales 2152.23 1608.78 34 7988.12 5844.06 37 OPM % 78.90 58.18 36 77.69 67.97 14 PBDT 176.65 -51.63 LP 649.24 607.97 7 PBT 176.65 -51.63 LP 649.24 607.97 7 NP 180.97 54.23 234 580.99 523.82 11

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

USDINR Report : India: Still bearish on INR

India: Still bearish on INR

• INR has been an underperformer in Asia since mid-2012 with a 15% depreciation. The weakness can be attributed to fading FII and other capital flows, a persistent and large current account deficit and no policy support for the INR (lack of policy reforms as well as insufficient RBI intervention).
• However, The downside risks to our view of a weaker rupee are (1) lower oil prices (2) another round of QE by the Fed  (3) large RBI intervention (but the central bank will be wary of losing too much reserves); (4) fuel price reform (which could get delayed to June)

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

Jindal Power Expansion

JPL has announced further Brownfield expansion of 2400 MW (4x600 MW) Power Plant at an estimated project cost of Rs. 13,410 crore (US $ 2.62 billion*). Order for Boiler Turbine & Generator (BTG) package was placed on BHEL in December 2008. There were 57 major packages in the project out of which 44 packages have been awarded and we are in the process of ordering the balance packages. The consent to establish was received in November, 2011 and since then the construction activity has been going on in full swing.

This project will be completed in stages in the year of 2013/14 and the same has been funded on the basis of 75:25 debt: equity. The company is in the process of syndicating the debt portion of the project and the equity portion will be arranged from internal accruals / IPO.

JPL has announced expansion at Dumka, Jharkhand 1320 MW (2X660 MW) Power Plant at an estimated project cost of Rs. 7224.00 crore (US $ 1.41 billion*). This Plant will be completed in stages in the year of 2015 and the same has been funded on the basis of 70:30 debt: equity. The Company is in the process of tie-up of debt amounting to Rs. 5057.00 crore and the equity of Rs. 2167.00 Crore will be arranged from internal accruals/ IPO.

Another Power Plant of 1320 MW (2X660 MW) at Godda, Jharkhand at an estimated project cost of Rs. 7271.00 crore (US $ 1.42 billion*) will be completed in the year of 2015 and the same has also been funded on the basis of 70:30 debt : equity. The company is in the process of tie-up of debt amounting to Rs. 2566.00 crore and the equity of Rs. 1100 crore will be arranged from internal accruals/ IPO.

• Board of Directors recommended dividend of Rs. 1.60 per equity share for FY 12.
• Currently the scrip is trading at Rs. 502.70 on BSE.

--

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible." 

              

BUY JSPL 508-509 WITH THE STOP AT 500 FOR TGT OF 611Rs in Medium Term

 

Quarter Performance

The consolidated topline grew by robust 42% to Rs. 5482.33 crore in March 2012 quarter aided by notable performance of its iron and steel sales. The iron and steel sales grew by robust 47% to Rs. 4404.35 crore on back of impressive sales across all products. The steel products sales volume (i.e. slabs/bloom/billets etc) grew by 39% to 7.36 lakh MT while the pellet sales spurted by whopping 207% to 6.90 lakh MT gaining from iron ore shortage and full liquidation of pellet inventory held in Dec 2011 quarter. Also the sponge iron sale grew by whopping 206% to 25285 MT. Only the pig iron sales crashed by notable 94% to 2614 MT primarily due to higher captive consumption. The power sales grew by 19% to Rs. 1280.33 crore.

The consolidated OPM crashed by whopping 990 bps to 34.9% due to significant spike in raw material costs and higher staff cost. The raw material costs, as % to sales net stock adjusted, surged by outstanding 3000 bps to 36% due to increased import of sponge iron (HBI) from Oman plant and forex impact on coking coal. Thus the operating profit growth was constrained drastically to 11% to Rs. 1914.41 crore. The PBIT margin of iron & steel crashed by 260 bps to 27% thereby limiting the growth in its PBIT to 34% to Rs. 1196.94 crore. Also the PBIT margin of power crashed by outstanding 1920 bps to 49% resulting in 14% fall in its PBIT to Rs. 621.27 crore.

Consolidated PBT grew by meager 5% to Rs. 1436.67 crore on overall unfavorable non operating performance. The other income fell by 22% to Rs. 46.96 crore. Further the interest cost grew by notable 43% to Rs. 128.87 crore while the depreciation cost increased by 18% to Rs. 395.83 crore. Fortunately, the PAT grew by 16% to Rs. 1161.55 crore on crash in effective tax rate by whopping 740 bps on account of adjustment of deferred tax. The net profit settled with 17% growth to Rs. 1167.01 crore.

The above consolidated results for March 2012 quarter also include the financial results of Jindal Power, a subsidiary of JSPL. The net sales of Jindal Power fell by 7% to Rs. 773.20 crore while the net profit declined by 15% to Rs. 421.38 crore. It generated power of 2125 million units with PLF of 98% in March 2012 quarter against 2178 million units in March 2011 quarter.

On standalone basis, its net profit grew by 21% to Rs. 783.63 crore on robust 52% growth in net sales to Rs. 4174.02 crore.

Annual Performance

In financial year 2011-12, the consolidated topline grew by robust 39% to Rs. 18208.60 crore aided by impressive performance of iron and steel sales though flat power sales restricted the growth to some extent. The iron & steel sales grew by robust 52% to Rs. 14500.11 crore. It was backed by whopping 259% growth in pellet sales (to 20.28 lakh MT) and 26% growth in steel products (to 23.85 lakh MT). Only the sponge iron and pig iron sales fell by 31% to 78457 MT and 58% to 85428 MT respectively on account of higher captive consumption. The power sales grew by flat 3% to Rs. 4464.32 crore.

The consolidated OPM crashed by whopping 1040 bps to 38.4% on account of spike in raw material costs. The raw material costs, as % to sales net stock adjusted, surged by whopping 970 bps to 32% due to increased imports of sponge iron from Oman plant, steep rupee depreciation and increase in steel costs. Thus the operating profit growth was drastically restricted to 9% to Rs. 6987.31 crore. Segmentwise, the PBIT margin of iron & steel fell by 140 bps to 29% thereby limiting PBIT growth to 45% to Rs. 4181.50 crore. Further the PBIT margin of power was dragged down by whopping 860 bps to 59% resulting in 10% fall in its PBIT to Rs. 2653.53 crore.

Growth in other income by impressive 74% (includes interim dividend of Rs. 130.05 crore from Jindal Power) was offset by higher interest and depreciation costs thereby limiting growth in PBT before EO to 5% to Rs. 5236.83 crore. Further on accounting net EO expense of Rs. 48.23 crore (EO expense of Rs. 74.17 crore representing investments written off/provided for losses in mining and exploration activity overseas and EO income of Rs. 25.94 crore), the PBT after EO grew by marginal 4% to Rs. 5188.60 crore. Nonetheless, 90 bps fall in effective tax rate and improved profit from associates enabled 6% growth in net profit to Rs. 3964.90 crore.

The net sales of Jindal Power, which is included above, fell by 11% to Rs. 2979.67 crore while the net profit reduced by 12% to Rs. 1764.99 crore in FY 2012. It generated power of 8589 million units against 8598 in FY 11.

On standalone basis, the net profit grew by flat 2% to Rs. 2110.65 crore on robust 39% growth in topline to Rs. 13333.95 crore.

--

Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

Losers say it is hard and impossible, but winners say it is hard but not impossible."