Buzz on the street

Jai Corp may foray into city gas and LPG distribution. Wipro may buy German SAP AG service provider. Infosys may win more orders from West Asia and India. Ispat Industries may pick up 40% stake in iron-ore and coking coal mining company in Brazil. Apollo Hospitals is planning to acquire 30% stake in a 250 bed hospital company in Nigeria.

भाग्यनगर इंडिया लि.

BHAGYANAGAR INDIA LTD at 19/-; TARGET 45/- BHAGYANAGAR INDIA LTD Trading in BSE & NSE at 19/- in B Group. Target 45/- for short term & 95/- for Long Term. Safe Investment at 19/-. Yearly high was 80/- Low 18/-. Worst is over. No risk at all. BHAGYANAGR INDIA Ltd in the field of Cables – Telephone; Good dividend Paying Company. Company Announced 30% dividend for 2007-2008 Financial Year. September 10th Book Closure date for Dividend and AGM on September 17th 2008. Every year giving 30% dividend. Book Value of this company was Rs. 30/- per share. Company having nearly 765 Crores worth land bank in Hyderabad & Vizag; This equls to per share its coming around Rs. 105/- worth land. And Bhagyanagar India Ltd has allotted 40,00,000 Equity Share Warrants at a price of Rs 90/- per share warrant convertible into Equity Shares on a Preferential Basis to M/s. Consolidated Securities Ltd. Compared to that (Rs.90/-) Now shares available 80% discount. Any time it will touch 90/- (1 to 6 months time). So double your money within 6 months time. So there is no risk at all. If you have already, buy some more make average. This is company is doing very very good. Slowly grab this stock. Fundamental is very very good. Don’t Sell if you have Bhagyanagar India equities. Stay Invest and wait up to 45/- minimum for short period (2 months time). Company Planning to Demerging of Infrastructure Bussiness. After demerger of this share you will get shares of free of cost because Now current rate was very very less compared to Annual results and Land Bank. Daily grabbing with Company people and Hyderabad and Mumbai BIG BIG Bulls (Check the Delivery Positions in NSE and BSE daily above 7%) because of Now stock is available at very very cheep price at 19/- EPS 5.5/- expecting for this Annual financial, with PE 3.5 only. Now Trading All most all time low rate. BHAGYANAGAR INDIA LTD at Rs. 19/- is with Good NET PROFIT With EPS 6/- for 2007-08. For the yare 2008 – 2009 First Quanrter Net Sales at 50.9 crores and Net profit was 4.4 Crores. Compare to previous quarters less net profit because The Company has incurred a loss of Rs 4.2 crores on account of unrealized foreign exchange fluctuation on FCCB. The same has been adjusted in this quarter. Net margins of this company minimum 15% to 25%. SO if you caluculate minimum 15% it will come 7.5 crores net profit. Company Projected Sales for 2008 – 2009 is 250 Crores and NetProfit is 42 Crores Equity 14.9 Crores, Company Projected EPS for 2008-09 is 5.5/- with Net Profit 42 Crores. As per This PE only 3.5. Normally tele cables companies PE will be minimum 10. If we take PE 10 It will come 55/-. BHAGYANAGAR INDIA LTD Company having nearly 765 Crores worth land bank in Hyderabad & Vizag; This equls to per share its coming around Rs. 105/- worth land. Total Equity of 14.9 Crores . Promoters Holding 55%; Foreign Institutions 10.66%; Banks and Financial Institutions 2%; Corporate Bodies 4.16%; overseas corporate bodies 6%& Public only 22%. Check the BSEINDIA for Shareholding pattern. Book Value of this Share was 30/-. Karvy has strongly recommending for this stock. Recently Bhagyanagar India formed a joint venture company named `Surana Ventures` for setting up of solar photo voltaic cell and module project in partnership with its promoters and a group company named Surana Telecom. The JV plans to manufacture and sell the equipment required for generating solar energy. It will be an 80% export-oriented unit with substantial tax-benefits.Bhagyanagar India and Surana Telecom will hold 40% each in the Rs 3 bn project with the remaining 20% being held by the core promoters of the company". Company Planning to Demerging of Infrastructure Bussiness. Bhagyanagar India Ltd. is a Hyderabad based company which has forayed into real estate and infrastructure development to unlock the value of its existing land bank of 3 million square feet. The new development projects include integrated residential townships, IT parks, and hardware parks. The present value of the undeveloped land bank and tenanted property of the company is Rs 6,160 mn. The one million square feet technology park in Uppal is the likely to complete in 15 to 18 months. “Early next year we would have launched our housing project in Vizag in 52 acres, with 1.2 million sq ft.” The revenues are likely to increase to Rs 3,591 mn in FY08 and Rs 5,021 mn in FY09 and the net profits likely to grow at a CAGR of 53.34% to Rs 936 mn by FY09. The company is valued at Rs 65/- a share with an upside of 257% from the current stock price of around Rs 19/-. “For the next 4-5 years we see the company grow at 40 to 50 percent and expect 150 crores in infrastructure sales next year,” said Narendra Surana, MD, Bhagyanagar India. Outright sale of small parcels and development of residential townships, IT parks and hardware parks on the larger land parcels is the route that works best in Hyderabad, for the company. It plans to sell the residential constructions and retain portions of commercial properties for the reason of higher rental yield on the latter. Over 6 Mn Sqft of net saleable area is likely to be developed over the next five years. A tourism project representing miniature monuments in India, a multiproduct SEZ and a resort complex are at different stages of finalization. The company is also keen on selling some of its unused land bank for which it is getting handsome price and subsequently investing the amount in development projects. Estimated EPS for this year was 5.5/- (Annualised). Company Proposed EPS for 2008-09 is 5.5/- Karvy & other brokerages also acquiring this stock. Lot of Accumulating is going on last 9 days. Daily 75% to 90% delivery Positions. See BHAGYANAGAR INDIA EQUITY VALUE (Per share value) : 105/- Land Value + 45/- original value as per financial results (5.5 EPS annulised) So Total Value of this company Share value was Rs.150/-. Just Imagine company share price where to going in this year…… Just Buy at 19/- Hold 1 to 6 months time. You will get minimum 100% to 400% returns.Enter current price at 18/-Target 45/- 95/- . Just invest and get 100% to 400% profit. Possitive Points for this stock for Up moving: 1) Company doing very good with EPS 5.5/- PE only 3; Avialable very cheep at 19/- 2) Company Having good Land Bank in Hyderabad & Vizag i.e 765 crores worth land per share its coming Rs. 105/- 3) Book Value was 30/- 4) Good Dividend paying Company; Every year 30% Dividend giving. 5) Promoters Holding is good 55% 6) Company allotted 40,00,000 Equity Share Warrants at a price of Rs 90/- per share to M/s. Consolidated Securities Ltd.

स्टॉक आईडिया

Stock Idea From: - www.indianmoneyplus.com Scrip: - Rajesh Exports Ltd. CMP: - 46 BSE Code:- 531500 52 Week H / L: - 168.30 - 45.80 Market Cap: - 1059.73 Target: - 120 (1 Year) Summary: - Rajesh Exports is involved is business of exporting gold and diamond cutting. Recently this stock has hammered due to weakening rupee. Dollar has appreciated at Rs 44 which come to 17 months low. The second reason why it came down is Gold from 13 K sliped to10.8K. Rajesh Export now the largest established private gold buyer, accounting for 1.2% of the global gold trade. Having attained this scale of operation, the company is now shifting its focus to find ways of increasing its net profit margin. In order to meet its objective of increasing its net profit margin, Rajesh Exports has identified three major divers of growth: Jewellery retailing: increasing presence across value chain by catering to different segments of consumer needs Diamond jewellery: expanding product range with higher margins White labels: expanding its market by supplying white labels to retail chain stores across the world. Key Financials: - Its sales keep on increasing almost every quarter. Before the recent split and bonus of this scrip this was one of the favourate scrip of the investors. EPS & PE both have bottomed out. Rajesh Exports Ltd had reported revenue growth of 40.7% on year-on- year basis to Rs 25.25 bn for Q4 FY 08. Profits grew by 46.8% YoY to Rs 489m as against expectation of Rs 528m,according to market analysts. This was due to high tax outflow in the last quarter, which was not provided for in the previous quarters. Operating margins declined by 298bps YoY to 3.3% due to higher share of its low margin bulk business. For the year, revenue grew by 25.7% YoY to Rs86.67bn and PAT grew by 103.9% YoY to Rs2.07bn against our expectation of Rs2.11bn and OPM increased by 130bps to 4.4%. The Real Estate: - Rajesh Exports has about four million sq.ft. land in Bangalore and Kerala. It is now planning to develop these properties and acquire competence in property development by setting up a 100% subsidiary, Bangalore Infra. The company may look at property development as a separate business in future. Calculations: - Calculating all the above points and the real estate it has the Market cap should be the double of what it is now. So the stock prices will give 100 - 200 % returns in 1 Year. Positive Factors: - World’s largest gold exporter at lowest cost. Stock is currently trading at low valuations. Big order book. Foreign investors increased their stake by 10% . FIIs bought this stock at around Rs 95 then why should you wait to grab this stock at Rs 46. Key Concerns: - Continued volatility in gold prices and adverse market conditions have forced Rajesh Exports, India’s leading gold and diamond manufacturer to go slow on its retail expansion plans. The 100 Shubh stores which were expected to be rolled out by FY09, has been reduced to 40 due to continued volatility in gold prices and adverse market conditions. It is not expanding its Laabh stores either, and would keep the number of stores at a 30 in FY09. However, the growth in bulk business to Middle East would compensate for the loss of growth in retail, according to company sources. The company expects its other businesses of bulk exports,white labels and diamond jewellery to more than compensate for the slowdown in its retail division. The slowdown in its retail business is likely to affect its overall financial performance.

निफ्टी व्यू फॉर सोमवार

FOR MONDAY --- NIFTY SPOT'S MAGIC NUMBER - 4639 SUPPORTS - 4287/4256/4222 SPEED BREAKS - 4429/4498 --- BELOW 4287 DON'T HOLD ANY LONGS.

BSE PRICE % GAINERS शुक्रवार, २९,अगस्त,2008

BSE PRICE % GAINERS Symbol Name Last Trade Change Volume Related Info 518011.BO KEERTHI 100.00 Aug 29 62.90 (169.54%) 100 More 501295.BO IND INV TRUS 72.00 Aug 29 12.00 (20.00%) 48,627 More 502995.BO MALWA COT SP 50.30 Aug 29 8.35 (19.90%) 43,150 More 511706.BO ACTION FIN 27.45 Aug 29 4.55 (19.87%) 44,426 More 512519.BO DONEAR INDUS 44.70 Aug 29 6.80 (17.94%) 19,574 More 523200.BO CLASS DIAM I 46.85 Aug 29 6.90 (17.27%) 18,036 More 532759.BO ATLANTA 197.65 Aug 29 28.00 (16.50%) 571,333 More 623574.BO PANTAL RETAI 395.05 Aug 29 55.65 (16.40%) 11,724 More 521097.BO AMARJOT SP M 23.00 Aug 29 3.00 (15.00%) 9,830 More 517500.BO ROTO PUMPS L 60.85 Aug 29 7.45 (13.95%) 11,975 More 531881.BO ARVIND CHEM( 50.70 Aug 29 5.90 (13.17%) 12,793 More 530871.BO CHEMBOND CHE 175.10 Aug 29 19.60 (12.60%) 2,562 More 532832.BO INDBUL REAL 288.80 Aug 29 29.80 (11.51%) 2,639,105 More 532958.BO ETC NETWORK 177.15 Aug 29 17.95 (11.28%) 4,214 More 515030.BO ASAHI INDIA 59.95 Aug 29 6.00 (11.12%) 113,905 More 532643.BO GANESHFORGIN 28.35 Aug 29 2.80 (10.96%) 348,867 More 532786.BO GREAT OFFSH* 531.60 Aug 29 51.55 (10.74%) 819,954 More 532334.BO HB ESTA DEVL 38.75 Aug 29 3.75 (10.71%) 951 More 532908.BO SHARON BIO 133.70 Aug 29 12.55 (10.36%) 12 More 517411.BO SHYAM TEL 99.00 Aug 29 9.00 (10.00%) 27,882 More

Linc Pen & Plastics

BSE Code: 531241 Last Close: Rs.35 Linc Pen & Plastics Ltd. (LPPL) is a manufacturer of ball pens, refills, pencils and other plastic products. Linc has now become a global brand in the ball pen segment apart from a market leader in the domestic market. Last year, it registered 47.60% growth in exports in the first five months. LPPL exports its products to SAARC countries, Myanmar, Bangladesh, Nepal and underdeveloped and developing markets like Egypt, Tanzania, Brazil, Argentina, Turkey etc. The company has an equity of just Rs.8 cr. with reserves of around Rs.25 cr. Promoters hold 48.64% stake in the company, corporate bodies hold 21.46% and the public holds 29.22%. After 66.67% hike in tax, LPPL has shown 10.53% growth in net profit in the June 2008 quarter. At current level, the stock is traded at a P/E ratio of 5.4. This is a regular dividend paying company. In FY08, the company enhanced the dividend from 12% to 15%, which indicates the promoters’ confidence about the company’s bright future. The stock is available with good dividend yield and book closure for 15% dividend is from 5 September 2008. The stock is available near its 52-week low. Investors can buy with stop loss of Rs.30. On the upper side, stock will zoom to kiss Rs.43 level. Cross over will take it to Rs.55 level in coming days.

Simplex Projects Ltd.

As per A leading brokege house: Outlook& Recommendation With infrastructure spending poised to grow at a CAGR of 15%, huge opportunities are going to emerge over next few years in various related sectors. Years of experience in various fields helps SPL to get pre-qualification for various projects and diversified project portfolio helps to maintain its operating margins. Besides, the phenomenal growth in its subsidiary’s fully automated car parking system business is going to further enhance SPL’s overall valuation. At the current level of Rs. 170.25, SPL is trading at 3.60 x FY10E earnings of Rs. 47.32 (on consolidated basis). We maintain our BUY recommendation with a 9 months target price of Rs. 520 at 11 x FY10E earnings, giving it an upside potential of 205%.

Headlines

􀂙 Hindalco board okays rights issue at Rs 96 per share, with face value of each at Re 1. Investors will get the right to buy 3 shares for every 7 shares held. 􀂙 Tata Power, Reliance Infra, DLF and CESC are in the race to acquire WB based Dishergarh Power Co. Andrew Yule along with group companies, LIC and United Insurance jointly hold 57.17% stake in Dishergarh Power Co. 􀂙 Indian Hotels will spend Rs 1500 Cr to add 1900 rooms in next 3 years 􀂙 GAIL plans to pick up 10% stake in ONGC Petro Additions’ petrochemical complex project coming up in Dahej 􀂙 Big TV, the DTH service from ADAG Group will be launched on August 19 in Mumbai. 􀂙 Government has granted full exemption from Central Excise Duty to goods procured for setting up Ultra Mega Power Projects based on super critical coal thermal technology.

Introduction of F&O contracts on 39 additional securities

With reference to circulars no NSE/F&O/0014/2001 dated June 29, 2001, NSE/F&O/0027/2001 dated November 07, 2001, SEBI circular SMDRP/DNPD/CIR -26/2004/07/16 dated July 16, 2004, and approval received from SEBI, members are hereby notified that the following 39 additional securities will be available for trading in F&O with effect from August 21, 2008 Sr No Symbol Security Name 1 ABGSHIP ABG SHIPYARD LTD 2 AKRUTI AKRUTI CITY LIMITED 3 ASIANPAINT ASIAN PAINTS LIMITED 4 BALAJITELE BALAJI TELEFILMS LIMITED. 5 CONCOR CONTAINER CORP OF IND LTD 6 COREPROTEC CORE PROJ. & TECH. LTD. 7 DCHL DECCAN CHRONICLE HOLD LTD 8 DISHTV DISH TV INDIA LTD. 9 EVERONN EVERONN SYSTEMS IND. LTD 10 FSL FIRSTSOURCE SOLU. LTD. 11 GSPL GUJARAT STATE PETRO LTD 12 GTLINFRA GTL INFRA.LTD 13 GVKPIL GVK POW. & INFRA LTD. 14 HCL-INSYS HCL INFOSYSTEMS LTD 15 IBREALEST INDIABULLS REAL EST. LTD 16 ICSA ICSA (INDIA) LIMITED 17 KLGSYSTEL KLG SYSTEL LTD. 18 KSOILS K S OILS LIMITED 19 MIC MIC ELECTRONICS LIMITED 20 MINDTREE MINDTREE LIMITED 21 MLL MERCATOR LINES LIMITED 22 MONNETISPA MONNET ISPAT LTD 23 MRF MRF LTD 24 NBVENTURES NAVA BHARAT VENTURES LIMI 25 NOIDATOLL NOIDA TOLL BRIDGE CO LTD 26 OPTOCIRCUI OPTO CIRCUITS (I) LTD. 27 ORBITCORP ORBIT CORP. LTD. 28 PRISMCEM PRISM CEMENTS LTD 29 PTC PTC INDIA LIMITED 30 RIIL RELIANCE INDUSTRIAL INFRASTRUCTU LTD 31 SINTEX SINTEX INDUSTRIES LTD 32 SREINTFIN SREI INFRASTRUCTURE FINAN 33 THERMAX THERMAX LTD 34 TORNTPOWER TORRENT POWER LTD 35 TV-18 TV18 INDIA LIMITED 36 UCOBANK UCO BANK 37 UTVSOF UTV SOFT. COMM. LTD. 38 VOLTAMP VOLTAMP TRANSFORMERS LTD 39 WALCHANNAG WALCHANDNAGAR INDUSTRIES

Tech View NIFTY

The Indian market saw smart recovery after the initial dip and close in green zone. Nifty had bounces from the lower trend line 4461and close above 4500 levels. For the coming session if nifty able to cross 4583 we can see rally up to 4638-4680 zone .On the lower side 4460 will act as support zone breaking below channel trend line can witness some selling pressure.

WEEKLY PIVOTS

PIVOTS NIFTY FUT;4513

SUPPORT : 4454 - 4396 - 4320

RESIS: 4588 -4660-4722 -4780