* A big dent in Ranbaxy’s share price is on the cards. However much the CMD assures about the Daiichi deal, it may be jettisoned by the latter. * CNG is the in thing as most small cars have it as an inbuilt option to petrol or diesel. It is said that M&M’s Bolero and Scorpio shall have a CNG kit. * Siemens, BHEL and ABB will be the beneficiaries of the nuclear power generation projects, which shall come through after the confidence motion. * Reliance Mutual Fund is picking up BHEL in bulk for its different equity investment schemes as it sees an early rise to Rs.2300. * The dip in oil is temporary as crude may cross $150 mark soon. If that happens gold shall touch Rs.14,500 to Rs.15,000 per 10 gm. * Exit Selan Exploration as once crude oil price corrects, this scrip will tumble down to Rs.175-180 levels. Shift to SEAMEC instead. * Panoramic Universal has shot up smartly even though other mid caps continue to fall. Exit this stock as the management is not reliable. * Repro India has come out with excellent Q1FY09 results. The scrip may continue its upward movement in the coming week as well. * Like Mastek, ANG, DLF earlier, Jindal Polyfilms has announced to buy-back its shares up to Rs.350 per share and its share price shot up from Rs.180 to Rs.250 within a week. Is a buy-back announcement good enough for any management to boost the share price? * Royal Orchid Hotels has declared Rs.6 as dividend, which gives a yield of 7% at CMP. Scrip goes ex-dividend on 23rd July. After that the scrip may see some selling pressure. * Many small cap companies are available at P/E level of 3. Decolight Ceramics is available at a P/E of 2.5. * Parsvanath Developers has over 200 million sq. ft. area under development for various projects. Share has fallen dramatically and is considered a decent bet at the current level. * Karuturi Global is witnessing stable buying at current levels in anticipation of rapid growth. However, the share is fully priced and future investment should be based on its Q1 results. * Rainfall in Kerala has been muted, which may dampen the spirits of Indsil Electrosmelts, which derives major profit from hydro-electric power generation. * Southern Online Biotechnologies has initiated the process to get carbon credits and list the demerged Southern Online Services.
July 20, 2008
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