VIDEO - The great Indian IPO rush

As the bulls run wild at Dalal Street, companies are betting their best. The highest number of Initial Public Offerings in 15 years have lined up together for release this week.



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The Hindu Business Line : Dalmia Cement (Rs 240.2): Buy

Investors with short-term perspective can consider buying the stock of Dalmia Cement (Bharat). It is evident from the charts of the stock that following a medium-term downtrend from May 2010 peak of Rs 279 to late August low of Rs 195, the stock resumed its long-term uptrend taking support in the significant support range between Rs 195 and Rs 205. On September 7, the stock jumped 9 per cent penetrating its moving average compression (21, 50 and 200-day moving averages) around Rs 210. The volume was extra-ordinary on that session. Further, reinforcing the bullish momentum, the stock advanced almost 5 per cent on Wednesday accompanied with good volume.

The stock is at present trading well above its 21 and 50-day moving averages. The 14-day relative strength index is featuring in the bullish zone and the weekly RSI has just entered this zone.

Both daily and weekly moving average convergence divergence oscillators are hovering in the positive territory, signalling bullishness. Our short-term forecast on the stock is bullish.

We expect it to rally further until it hits our price target of Rs 245 or Rs 252 in the approaching trading sessions. Short-term traders can buy the stock while maintaining stop-loss at Rs 234.

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From: http://www.thehindubusinessline.com/2010/09/23/stories/2010092351681100.htm

The Hindu Business Line : Day Trading Guide for 23.9.2010

DLF

We recommend a sell in DLF with stop-loss at Rs 358 levels.

ICICI Bank

Utilise rallies to sell the stock with tight stop-loss at Rs 1,135 levels.

Infosys

The stock fell 1.8 per cent on Wednesday, forming bearish engulfing candlestick pattern. We recommend a sell with stiff stop-loss at Rs 3,020 levels.

L&T

Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 2,010 levels.

ONGC

We recommend a sell in ONGC with tight stop-loss at Rs 1,415 levels.

Reliance Capital

The stock is witnessing selling interest at higher levels. Fresh short position can be initiated if the stock drops below Rs 810 with rigid stop-loss.

Reliance Communications

We recommend a sell in the counter with stiff stop-loss at Rs 171 levels. .

Reliance Industries

Fresh long position is recommended only if RIL moves above Rs 1,036 levels with stiff stop-loss.

SBI

Initiate fresh long position only if the stock surges above Rs 3,170 levels with tight stop-loss.

Nifty Futures

Fresh short position is recommended only if the Nifty Futures fails to exceed above 6,049 levels, with tight stop-loss.



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From: http://www.thehindubusinessline.com/2010/09/23/stories/2010092351691100.htm

Ranbaxy Labs a market performer: Karvy

Karvy Stock Broking has recommended market performer rating on Ranbaxy Laboratories with a target of Rs 600, in its September 22, 2010 research report.

“Ranbaxy Labs will have sole exclusive rights in US for selling Aircept's generic version which is used in the treatment for Alzheimer's. We confirmed the same with the management. Ranbaxy has reiterated its stand on the ability to monetize all its FTF (first to file) opportunities. “

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From: http://www.moneycontrol.com/news/recommendations/ranbaxy-labsmarket-performer-karvy_486402.html

Buy Dena Bank; target of Rs 133: Firstcall Research

Firstcall Research is bullish on Dena Bank and has recommended buy rating on the stock with a target of Rs 133 in its September 17, 2010 research report.

“Dena Bank’s earning per share (EPS) of the bank for the earnings of FY11E and FY12E is seen at Rs 23.80 and Rs 26.32 respectively for equity share of Rs 10 each. Price to book value of the stock is expected to be at 1.10x and 0.88x respectively for FY11E and FY12E. CASA deposits grew by 27% to Rs 19026 crore. Advances increased by 34% to Rs 37884 crore. Tier-I capital has increased to Rs 2456.8 crore as on 30th June 2010, growth of 21%. Tier II capital has decreased by 4% to Rs 1317.66 crore. The management is expecting to bring down its Gross NPA to Rs 750 crore by end of September 2010 and targeting a Gross NPA level of Rs 700 crore by March 2011.”

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From: http://www.moneycontrol.com/news/recommendations/buy-dena-bank-targetrs-133-firstcall-research_486137.html

Buy Blue Star; target of Rs 589: Angel Broking - Moneycontrol.com -

Angel Broking is bullish on Blue Star and has recommended buy rating on the stock with a target of Rs 589 in its September 17, 2010 research report.

“Blue Star Limited has won orders worth Rs 130 crore for air-conditioning and plumbing at the Chhatrapati Shivaji International Airport (CSIA), Mumbai. This is a positive development for the company, which is poised for strong growth over the next few years. At the end of 1QFY2011, the order book for the company’s EMPPACS segment stood at nearly 1.1x FY2010 sales. We expect strong sales growth, at a 22.3% CAGR, over FY2010–12E, on the back of improved demand from the retail and commercial segments. Blue Star is currently trading at 16.2x FY2012E earnings. We recommend Buy on the stock with a target price of Rs 589,” says Angel Broking research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-blue-star-targetrs-589-angel-broking_486143.html

Buy Monnet Ispat; target of Rs 595: Firstcall Research

Firstcall Research is bullish on Monnet Ispat and has recommended buy rating on the stock with a target of Rs 595 in its September 17, 2010 research report.

“Monnet Ispat’s earning per share (EPS) of the company for the earnings for FY11E and FY12E is seen at Rs 55.36 and Rs 61.28 respectively. Operating profit and PAT of the company are expected to grow at a CAGR of 11% and 14% over 2009 to 2012E respectively. On the basis of EV/EBITDA, the stock trades at 5.37 x for FY11E and 4.89 x for FY12E. Price to book value of the stock is expected to be at 1.46 x and 1.25 x respectively for FY11E and FY12E. We expect that the company will keep its growth story in the coming quarters also. At the current market price of Rs 517, the stock is trading at 9.34 x FY11E and 8.44 x FY12E respectively. We recommend ‘BUY’ in this particular scrip with a target price of Rs 595 for medium to long term investment,” says Firstcall Research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-monnet-ispat-targetrs-595-firstcall-research_486147.html

Buy Solar Industries India; target of Rs 52: KRChoksey

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

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From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

Buy Solar Industries India; target of Rs 52: KRChoksey

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

For more stock tips and ideas visit STOCKINDIA.SLINKSET.COM NOW.

From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

Buy Solar Industries India; target of Rs 52: KRChoksey

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

Buy Solar Industries India; target of Rs 52: KRChoksey - Moneycontrol.com -

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

“Solar Industries has traded in forward PE band of 5.40x- 21.45x. There is visible and secular growth potential for the company for next 5-7 years period. Our 9x Forward PE multiple assigned to Solar falls on conservative side. Solar is the most attractively priced among peers (both domestic as well as global) compared to returns it has offered to its shareholders."

Buy Solar Industries India; target of Rs 52: KRChoksey
ALSO READ

* See previous views by KRChoksey
* See what other Experts & Brokerages are saying about Solar Ind
* See messages about Solar Ind

"Gross sales are growing at 23% CAGR from FY10-FY13E due to 33.2% growth in explosives business. Operation of explosive plant in Africa is leading to high growth in explosives sales. This is also shifting revenue mix in favour of explosives (from 59.9% in FY10 to 76.3% in FY13E. Realisation from African market is almost 2.5x Indian market. We recommend STRONG BUY on Solar Industries with 1 year price target of Rs 631.65, which gives potential upside of 39% from CMP of Rs 455,” says KRChoksey research report.

From: http://www.moneycontrol.com/news/recommendations/buy-solar-industries-india-targetrs-52-krchoksey_482651.html

Buy CESC; target of Rs 568: Motilal Oswal - Moneycontrol.com -

Buy CESC; target of Rs 568: Motilal Oswal - Moneycontrol.com -: "Motilal Oswal is bullish on CESC and has recommended buy rating on the stock with a target of Rs 568 in its September 17, 2010 research report.

“CESC has regulated business, comprising largely of the generation (1,225MW) and distribution assets in Kolkata, generates profits of Rs 3.5 billion+ a year. The regulated equity base (RAB) is Rs 22 billion, up from Rs 17 billion as at end-FY09, driven by the commissioning of the Budge Budge 250MW generation capacity in February 2010. Given that FY11 will be the first full year of operations, we expect net profit from regulated business to increase to Rs 4.2 billion in FY11 and Rs 4.4 billion in FY12. Over FY11-12, these will entail equity funding of Rs 11.8 billion; CESC has cash and liquid investments of Rs 13.5 billion as at March 2010.”"

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Buy NTPC; target of Rs 240: Motilal Oswal - Moneycontrol.com -

“NTPC has capacity addition to accelerate, with 17.5GW of projects under construction getting commissioned over FY11- 14. As at March 2010, NTPC has already spent 31% of total project cost on the projects under construction, which is likely to increase to ~47% by the end of FY11. We estimate NTPC's capacity addition in the Eleventh Plan at 9.8GW - a significant underachievement, given the original target of 22.4GW. As a large part of these projects has been under construction since 2007, we expect bunching up of project commissioning, going forward.'"

"FY11BE capex for NTPC stands at Rs 224 billion and is up 120%, indicating that activities on the ground have started improving. We arrive at a target price of Rs 240 (upside of 20%), based on a combination of the DCF and SOTP valuation methodologies. We upgrade the stock to Buy,” says Motilal Oswal research report.

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Buy Power Grid Corp; target of Rs 123: Motilal Oswal - Moneycontrol.com -

Motilal Oswal is bullish on Power Grid Corporation of India and has recommended buy rating on the stock with a target of Rs 123 in its September 17, 2010 research report.

“Power Grid Corporation of India (PGCIL) to achieve the capex of Rs 550 billion targeted under the Eleventh Plan, despite meaningful delays in generation capacity additions, given the incremental capex towards HSTCs. PGCIL has regulated asset base (RAB) to increase from Rs 94 billion as at March 2010 to Rs 140 billion by FY12 (up 50%), with projects of ~Rs 200 billion being commissioned and capitalized in this period.”

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