Lalu gives investors a reason to cheer

THE Rail Budget may have brought cheer to most Indians, but investors in certain shares were left happier than those in some others. Steel scrips surged as the proposed doubling of lines, renewal of old tracks and new tracks is expected to boost demand for steel. SAIL, Jindal Steel & Power, Tata Steel and JSW Steel were among the best performers of the day. Jindal Stainless topped the chart amid high volumes (up 7.2% to close at Rs 160) on market talk that the company can expect a large share of the ‘stainless steel coaches by 2010’ proposal of the railway minister. Dealers are also recommending Bartronics (up 8.4% at Rs 224) to their clients as there is a feeling that ‘smartcard ticketing systems’ will benefit the company immensely in the coming years. Texmaco is also expected to be in focus in the coming weeks as the company is expected to get a good chunk of the order for new wagons. Meanwhile, shares of Kernex Microsystem hit the circuit on rumours that the company has bagged orders for anti collision devices from the Indian Railways and is expected to make a formal announcement shortly.

HINDALCO NEWZ.

AFTER underperforming its Sensex and Nifty peers for more than a year, shares of aluminium major Hindalco appear to be gradually regaining favour with investors. The stock, which closed at Rs 197.20 on Tuesday, has risen 10% over the past one week and 14% over the past one month. In comparison, the Sensex has fallen 2% and 4%, respectively, during the same period. Thegrapevine has it that the ‘Silent operator’ has recommended his inner circle of high net-worth clients to start accumulating the stock. In fact, he is said to be so bullish on the stock that he has advised them to switch from Reliance Industries (a perennial favourite with Silent) to Hindalco. But he has also cautioned his acolytes not to expect huge returns immediately and be patient. Such bullishness on Hindalco at a time when the direction of the overall market seems uncertain, suggests that the Silent Operator may be on to something. For the moment, the stock does not figure high up on the rankings of most brokerages. Earlier this month, brokerage house Goldman Sachs downgraded its rating on the stock from neutral to sell, and slashed its price target by 13% to Rs 154. A tight copper concentrate market and no contribution to earnings growth from Novelis have been cited as the reasons for the downgrade.

Market Report 22 FEB 08

" Enjoy Free Trading Calls Daily At Now Orkut Also .."

The fight between bulls and bears seems to be getting longer then expected .. the bulls attck and the bears counter attack but as if talk about the Indian markets we believe they have been going through much worse timing as compared to the other Asian indices . The markets are in very bad fase but it wont take much time to come out of the bad fase as the bad time does'nt last long . People's sentimenst are hit and its gonna take time to get their confidence back into the markst , till then we gonna witness same king of cat and mouse play .

DOW jones witness another selloff that pull off the DOw to close below and fell more then 100 points, The yesterday witness FII buying as the attention towards Japnese market turned because of good GDP numbers and good economic data .

IT stocks riding the ruppe factor and we have seen 5% upside yesterday becase of that , we mentioned two scrips that are FII favrt and u can see rise in both Rolta and TCS both were highest gainers in It segment ..

Asia is trading weak and you know very much that Indian markets are mosly effected by any negative newzz and leastly hit by any positive news.

REC ipo we had put a buy rating on that and , it was subscribed by 3.7 times by yesterday . Some big houses are also in race and have bid for the same . Analyst expect the good listing not any over hype but a good opne to have a return for ur investemnts as the price is set for the ipo is accordingly.

Centurion Bank is likely to merge with HDFC Bank in an all-stock deal. The deal is reported to be worked out at a market price of Rs.57 a share of Centurion Bank. Buy on rumours sell on news...

Wockhardt Ltd after withdrawing its IPO for the hospital venture is looking for funds from PE companies to raise upto Rs.800 crores...

Bajaj Auto is likely to list the de-merged entity(Bajaj Holdings & Investment Ltd)on the stock exchange by the end of April..

RBI has permitted FIIs to pick up stakes in three companies Tourism Finance Corporation of India, Tulip IT Services and Info Edge India under the portfolio investment scheme..watch out for spark..

Housing Development & Infrastructure Ltd(HDIL) inline with the rumours has sold the Andheri property to a private company for nearly Rs 900 crores..

Bharat Forge is planning to set up a steel unit in West Bengal..

Nifty to get support at 5080 -5000 lvls.. sensex at support at 17575 lvls and 17470 lvls..

Have a grt DAY !!

REC IPO

DAY two of the Rural Electrification Corporation (REC) subscription, saw quite a few large bids by some of the banking majors. According to the market talk, a large public sector bank has put in a bid of around Rs 900 crore. Two Gulfbased funds are also believed to have submitted bids in excess of Rs 900 crore each. Interestingly, a large FII, whose US operations have taken a hit, is expected to put in a large bid on Thursday. According to NSE data, the QIB portion of the IPO was subscribed 4.52 times till Wednesday, with bulk of the bids submitted by domestic financial institutions (DFIs) rather than the foreign ones. While the retail segment has been subscribed around 25%, the HNI portion has received a lacklustre response till date. Overall, the issue, which closes on February 22, has been subscribed 2.73 times as on Wednesday

grery market premium

Rural Electrification 90 to 105 17 to 19

GSS America InfoTech 400 to 440 Discount

IRB Infra 185 12 to 15

Manjushree Extrusion 45 5 to 7

Tulsi Extrusions 85 10 to 12

V. Guard Ind. 80 to 85 10 to 12

Rel power may give 3:1 bonus to the holders according to laes grapewine...
While the proposed bonus share issue may further boost sentiment in the stock, fund managers feel another 5-10% upside would be an opportunity to book profits, as valuations remain expensive and its business projects are yet to kick off. The stock on Monday closed 7.5%, or Rs 28.95, higher at Rs 413.65, still below its issue price for most investors. Fund managers expect the ratio of the bonus share issue at 1:2 or 1:3, which means one free share for every 2 or 3 held. So, if a retail investor had been allotted 15 shares in the public issue, he would receive 5-7 free shares (going by the bonus ratios mentioned). This would reduce the cost of his share purchases to Rs 290-325 per share after the bonus issue record date.

GREY MARKET PREMIUM AS ON 1 FEB 2008

Future Capital Holding 765 340 to 350

Reliance Power 450 150 to 160

Emaar MGF 610 to 690 90 to 100

J. Kumar Infraprojects 110 to 120 Discount

Cords Cable Ind. 125 to 135 8 to 10

KNR Construction 170 to 180 Discount

Onmobile Global 425 to 450 35 to 40

Bang Overseas 200 to 207 30 to 35

Shriram EPC 290 to 330 25 to 30

IRB Infra 185 to 220 60 to 65

keep an eye on nahar industrial entr.... after patel engg... some land developmnt story gng on...

keep an eye on wockhardt .. ahead of demerger newzz we can see some action in this counter...

chk out icici on dips .. its a gold mine for investors with mis term horizonn .. ahead of fed rate cut and value unlockingg it can give awsome returnss.. all dips can be considered as a buy and hold ... take ur riskk

keep an eye on patel engg here onwardss , rumurs sayss thr is a huge land story attached to it .. it may consider developing its land as well demerging the entity as seperate listed comp ..
also its considering the QIP issue at much higher price then the CMP of share...
stock is gud for mid term alsoo nd can be accumulated .. we have reccom the scrip at 600 lvls..

GREY MARKET PREMIUM

Future Capital Holdings 700 to 765 570 to 580

Reliance Power 405 to 450 350 to 360

SVPCL 42 DISCOUNT

Aries Agro 130 15 to 20

Porwal Autocomponents 75 DISCOUNT

Precision Pipes & Profiles 150 20 to 25

J. Kumar Infra Project 110 to 120 22 to 25

GREY MARKET PREMIUM

Reliance Power 400 to 450 350 to 360


BGR Energy 480 360 to 365


Burnpur Cement Ltd. 12 5 to 6


SVPCL 42 DISCOUNT


Aries Agro 130 20 to 25


Manaksia Ltd. 160 10 to 15


Porwal Autocomponents 75 DISCOUNT


Precision Pipes & Profiles 150 20 to 25