Wednesday, May 11, 2011

Market Updates 12 May11

 

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Market Outlook »

 

Nifty is struggling to go past 5,590-5,600 trend line.

The choppy range bound move continues for yet another session with the index shutting shop with a marginal up of 20 points. Nifty is struggling to go past 5,590-5,600 trend line (grey) resistance for the previous three sessions indicating a fall back down to 5,500 mark.

 

Technical Calls »

Buy Talwalkars Better 220.00 target 230

Buy Geodesic 82.00 target 90

Buy Jyothy Lab. 227.00 target 235

More

 

Momentum Calls »

Buy Vikas Globalone 82.40 Near term it may touch 90

Buy CEAT 97.75 Near term it may touch 110

Buy Whirlpool 242.00 Near term it may touch 260

More

 

Investment »

Accentia Technologies 

Accentia Technologies recently to get an update on the changing landscape of medical transcription (MT) business. As the new US healthcare bill makes it mandatory for physicians to transition to Electroni

 

Investment »

PTC 

Net profit grew by 147%: Led by a lower tax rate and a negligible interest and depreciation cost, the profit after tax (PAT) grew by a stupendous 147% to Rs33.4 crore, outperforming our expectations.......

 

Corporate Report » 
Hathway Cable & Datacom 

While our target multiple is at 6x EV/EBITDA, we see scope for valuation multiples to expand to 9x, as clarity emerges on timelines for digitalisation. FY11- growth driven by carriage FY11 cable rev (~80% revs) increased 20% yoy, to Rs7bn......

 

Analyst Corner » 
Sobha Developers 

It plans roughly 4-5msf of new launches (11 msf including later phases of 2 large projects) in F2012, which includes entry into three new city markets – Gurgaon, Chennai and Mysore – taking the overall tally to 7 cities. Development work may start in Kochi in F2013.

 

Stock Watch


Tera Software: 

The stock is in action mainly on the back of news reports stating that is has bagged UIDAI order fromCentral Bank of India, State Bank of Travencore, DenaBank, State Government of Goa for AADHAAR implementation. The work order is worth around Rs 486.7 million. The second order is from Electronics Corporation of India, Hyderabad for Rs 140.7million for implementation of National Population Registry pertaining to the State of West Bengal and also UIDAI and NPR projects valued at Rs 762 millio

 

Stock of the Week


SARK Systems (Rs 11.00) 

SSIl is involved in software development for e-Governance application which has huge potential. SSIL has bagged a large order from NPR. SSIl has tied up with another company for executing this order hence SSIL is likely to report excellent nos this quarter.

 

 

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