Notes on Stocks
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 September'2008
30-09 : Bigger than Harry Potter
In this issue: » US bailout plan rejected » Europe goes the US way » What links Nano with Ford Model T » The men who made a killing in the crisis » ...and more! TCS interested in Siemens SIS : Report - Corporate News - livemint.com
www.livemint.com/2008/09/29092524/TCS-interested-i... TCS interested in Siemens SIS : Report
29-09 : So, are you buying stocks now?
In this issue: » The much-loved and over-cheered Sensex » Crash of 2000-01 was severe... » ...but it seems more frightening today » What is investing all about? » and more!! Lehman woes: Indian banks suffer Rs 4 bn MTM losses
www.myiris.com/rss_index.php?fileR=2008/09/29/2008... Lehman woes: Indian banks suffer Rs 4 bn MTM losses
29-09 : Read report on Power Industry by HDFC Securities.
29-09 : (Read Report) HDFC Securities says IDEA will remain underperfomer and withing range 74 to 88 for next three months
27-09 : Angel Broking's positive view on Tata Steel . Indiabulls Securities downgrades Tata Steel to HOLD
26-09 : Economy is like a bathtub… from Equitymaster
In this issue: » Japanese undoing the Pearl Harbour » India to import 90% of crude requirement by 2030 » Benign interest rates ahead? » Security threat thanks to economic boom » ...and more! 26-09 : Why politicians don’t connect with Internet - (Perhaps they are too afraid of committing anything in writing and more afraid of comments/feedback they would receive on their blogs :)
Mid-, small-cap stocks feel the heat of FII selloff
business-standard.com/india/storypage.php?autono=3...
Mutual Funds sitting on Rs12,000 cr cash - Money Matters - livemint.com
www.livemint.com/2008/09/14164456/Mutual-Funds-sit... $5 trillion cash pool needed to stop rout, says market strategist - Money Matters - livemint.com
www.livemint.com/2008/09/23231153/5-trillion-cash-... $5 trillion cash pool needed to stop rout, says market strategist
24-09 : Are Tata Group's flagship unlisted cos making losses?
Tata Group's flagship unlisted companies are yet to turn profitable. It’s the companies in insurance, DTH, telecom holding company and the newly launched real estate company that are making losses. Read full aritlce 22-09 :The 3 Most Timeless Investment Principles
-by Daniel Myers,CFA (Investopedia.com)
Principle No.1: Always Invest with a Margin of Safety Principle No.2: Expect Volatility and Profit from It Principle No.3: Know What Kind of Investor You Are 23-09 : "Americans would undergo a lifestyle change:
American society is a consumer society, with consumption contributing
to over 70% of GDP, which is what led to Government encouraging
financial institutions to lend to sustain consumption. They are now
going to encourage them to save. Currently households have a negative
savings rate; they were spending more than they earned, borrowing the
difference against, e.g., rising home equity as property prices had
been rising. Already the auto industry is feeling a drop in consumption
due to high gasoline prices. Lower consumption by Americans would have
global impact, especially for China which has a huge trade surplus with
it. " Read more.... You can’t cure an addiction by feeding it, Mr Bernanke - Article by J. Mulraj from Equitymaster.com
22-09 : Warren Buffet is proved correct in his analysis (Read the 2007 Annual Report) when he said in his letter to share holders :
You may recall a 2003 Silicon Valley bumper sticker that implored, “Please, God, Just One More Bubble.” Unfortunately, this wish was promptly granted, as just about all Americans came to believe that house prices would forever rise. That conviction made a borrower’s income and cash equity seem unimportant to lenders, who shoveled out money, confident that HPA – house price appreciation – would cure all problems. Today, our country is experiencing widespread pain because of that erroneous belief. As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tide goes out – and what we are witnessing at some of our largest financial institutions is an ugly sight. 22-09 : Death of investment banking & more In this issue of The 5 Minute Wrapup:
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Ajit Dayal, article 22-09 : Read interesting article FAT Cat : I Own U.S.A , about mounting USA debts- by Ajit Dayal
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Ajit Dayal, article 21-09 : Read BUY recommendations (PDF) on Industrial Development Financial Corporation (IDFC) by Equitymaster and SBI Capital.
19-09 :Read Karvy's (August'08) Report (PDF) on Meractor Line with target of Rs.140-00
Mercator Line has fallen in the recent lump from the 80 to 55-57. ADX indicator is constantly moving high and is presently at 44 showing good momentum , with -DI also moving up. RSI indicators at 21 shows oversold position. CMF indicator is in negative but with positive divergence which is good sign. 19-09 : Read Karvy's BUY Report (PDF) on TISCO .
TATA Steel has been falling dangerously since last one month from the height of around 695. All the indicators have been negative. Presently at 459 it offers opportunity for reasonable return. May'2008
05-05 : Bharat Bijlee is showing good amount of consolidation and bound for a break out.
05-05 : Tata Tele (TTML) showed positive signs as expected . Today it rose to 37.55 with magnificent volume of 40 millions shares traded. With such leap in the volume TTML will cross 40 within 1-2 trading session
April' 2008
03-04 : Read series on the letters written by the legendary investor Warren Buffet to his shareholders - "The letter from the Master" from Equitymaster.com
 03-04 : NIFTY is facing resistance in going up, however technicals show that buying pressure is more than the selling pressure and tomorrow market may show some good gains instead of scanty gains showed in last three session.
March' 2008
01-03 : Visit equitymaster.com for comprehensive and easy to understand budget analysis
February' 2008
28-02 : Mercator Line (MLL) has been hammered upto the price range of 86 and has remained in the oversold situation until now. But yesterday RSI indicators has shown that MLL has come into positive territory. Today MLL has touched 98 and closed in upper circuit, it can touch 111 in short term. Chart
28-02 : RNRL is getting range bound. Has good support at 130 and finds difficult to cross and close above 140. However, Chaikin money flows indicates some accumulation for some days.RNRL can touch 154 in short term if the market remains normal. Chart
28-02 : TCS is looming close to its short term support of 850. Every time it comes near to 850 and bounces back. TCS is enable to break the resistance of 900 and therefore needs to comfortably cross 900 and remain there to avoid risk of slipping below. Chart
28-02 : IDEA is showing upward movement with increased volumes. Chaikin Money Flow is in negative zone but with positive divergent. However, the scrip is facing constant selling pressure on every upward move. IDEA can touch the highs of 119 in couple of days. Chart
18-02 : TFCI has recovered smartly . The company has decided to allow FII to increase their stake upto 49 % of total share capital of the company. The company has also decided to issue shares to QIB at Rs.48-00. TFCI can touch that level withing a month or so if the allotment is made. (NSE Announcements)
18-02 : TCS is sliding continuously. 853 seems support for short term if it crosses that it will sink further.
18-02 : ISPAT is moving positively with increased volume. Tomorrow it may seen some correction by the way of profit booking, but otherwise it is looking quite strong.
18-02 : JP Hydro opened with gap up and thereafter faced selling, but the closing is higher than the previous closing. CMF indicator is in negative but with positive divergent, which is good thing. Tomorrow if market remains positive JP Hydro can touch 82.
18-02 : However, the Sensex and NIfty ended in red, underlying current appears to be positive. The Chaikin Money FLow indicator of Sensex has actually turned into positive first time after 22nd January. The CMF indicator for Nifty is almost flat and is just slight negative with -.0022 point. Close of both the index is just above 20days EMA. Tomorrow can be pleasant day for the market.
16-02 : Sensex, Nifty still look bullish for next trading day. Volume is growing for last 3 trading days. Chaikin Money Flow also indicates increased buying. It would be good if Sensex can gain further 400+ points and close at that level.
14-02 : Tomorrow Sensex will gain further about 200-300 points during the day.
06-02 : Hind Motors is moving smartly. Chaiking Money Flow is turning towards positive with positive divergent.
06-02 : JP HYDRO moving up smartly with more volumes. Tomorrow it may touch 92-94.
06-02 : Sensex, after today's nosedive , tomorrow may recover some of the losses but may not cross 18600.
06-02 : TCS has moved down as anticipated, and the chart shows that it will go down further as the sellers are dominant.
06-02 : DENA BANK is trading in narrow range.Today it moved down very little showing some buying pressure below 69. Tomorrow it may move in green and may touch 72-73.
06-02 : ISPAT has put in good show even today's negative market sentiments and volumes has doubled up from yesterday's. Tomorrow may touch 54.
05-02 : Dena Bank is facing difficulty to cross 20 days EMA. Volume is thinning. Tomorrow it may come down little.
05 -02 : ISPAT Industries seems to moving in positive move. Today candle chart showed bullish engulf. Chaikin money flow is moving up from negative territory. May touch 51 in tomorrow's trade.
05-02 : TCS may comedown to 920 tomorrow as todays volume was half than yesterday's. However , thereafter it will move up again.
05-02 : Chart of Sensex shows narrow upmove after two consecutive upmove with negative divergence in Chaiking Money Flow indicator. Perhaps, sensex may open in gap down and remains in red.
04-02 : The chart of TCS shows good up move in short term. Chaikin Money Flow is below 0, in minus, but shows positive divergent. Relative Strength Index (RSI) shows indicator above 53 going well above oversold situation.
January' 2008
31-01 : Container Corporation Of India Limited has informed the Exchange that the Board of Directors, at their meeting held on January 30, 2008 (a) declared an Interim Dividend @ 110% (Rs.11/-) per share for the FY 2007-08 and fixed Record date of February 15, 2008 for the same; (b) recommended incorporation of a provision for 'Capitalisation of Profits/ Reserves' in the Articles of Association and issue of Bonus Shares in the ratio of 1:1 and increase in Authorised Share Capital from Rs. 100 Crores to Rs.200 Crores subject to the ratification/ approval of shareholders and further approval of Govt. of India as may be required. Source: NSE - Date: 2008-01-31
30-1 : Suzlon Energy said on Tuesday its standalone third quarter net profit nearly doubled on higher orders to Rs 338 crore, as compared with Rs 176 crore in the corresponding quarter a year ago.
30-1 : Great Offshore rose 8.81 per cent to Rs 874.60 on BSE after registering a 46.6 per cent rise in net profit to Rs 55.04 crore in third quarter ended December 2007 compared with the year-ago period.
29-01 ; Mercator Lines has declared its third quarter results. The company’s Q3 non-consilated net profit was up at Rs 23.6 crore (Rs 236 million) from Rs 15.4 crore (Rs 154 million) (Growth of 53%), YoY.
Allahabad Bank
has declared its third quarter results. Its Q3 standalone NII came in
at Rs 445 crore versus Rs 484 crore, YoY. Its Q3 standalone net profit
was at Rs 365 crore versus Rs 286 crore, YoY.
All indicators shows positive sign about short term advance. 25-01 : On Monday, planning to sell (1) Dena Bank if between 75-85 (2) Bongaigaon if between 75-80 (3) Allhabad Bank between 130-140.
25-01 : TFCI has crossed 50 and 100 days simple moving average at 40 and 35 , and now just above 200 days simple moving average, which seems hard to break. RSI indiciator is between 20-30 which also shows that the scrip is hoplesslely oversold. Perhpahs, this makes good case for some rebounce.
24-01 :Reliance Capital has come out with third quarter numbers. It has posted Q3 standalone net profit of Rs 135.24 crore as against Rs 72.6 crore YoY.
Standalone net sales stood at Rs 372.5 crore versus Rs 121.2 crore. 24-01 : Market dipped as anticipated and many liquid stocks which had climbed between 20-40 % also lost some ground due to profit booking. I added some Mercator Lines at Rs.110-00
23-01 : Today Bongaigaon Refinery closed 20% up
23-01 : Today Dena Bank closed at splendid 27 % higher , from Rs.51 to 65. Dena Bank declared quaretly results today. Total Income has increased to Rs.8041 mn from Rs.7644 mn of the previous quarter. Net profit has also increased to Rs.1010 mn from 921 mn of the previous quarter. Result at BSE
23-01 : Reliance Power: applicants rush to stop payment for IPO. Approximately five million investors had made an aggregate bid of Rs1,622 crore for the Reliance Power shares.(Livemint)
23-01 : It is heard that Reliance Power has requested SEBI to release the refund money to QIB earlier to relieve the fund quench.
23-01 : Bought TTML, ISPAT, JP Hydro, Hind Motor, Bongaingaon, Dena Bank to average higher purchases.
22-01 : TTML has posted loss of Rs.27 crores in quarter ending Dec'07. Total Income has increased from Rs 427crores to Rs. 459 crores of previous quarter . Net loss has decreased from Rs.49 crores to 27 crores compared to the last quarter. Quarterly Result
Today TTML showed low of 26-27 I was unable to buy at that price and could catch some @ 32 22-01 : 20 Great stocks to buy in 2008
22-01 : Do not enter with short term trading in mind. Try to pick large cap , front line companies. RIL, L&T, Reliance Capital, Tata Steel are looking good for mid and long term.
22-01 : The market has posed good chance to buy some value picks.
21-01 : Today was exciting day. Perhaps, another golden buying opportunity. I am planning to add RPL, RNRL, TTML, RIL, Rel.Capital .
20-01 : Tata Tele (TTML) is slashed by 20% in recent downturn from the
liftetime high of 65. One can take risk at 51 to accumulate in small
quantity. If market bounce back it can easily retouch the high of 65.
Otherwise also TTML is good in long term. Quarterly result will be
declared on 22/01/2008. Expected to report less loss than previous
quarter/s
Chart : http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=HUGTELND 19-1 : IDEA has posted unaudited results today. Profit after tax is 236 crore, lesser than expectation of 261 crore.
Result page : http://www.ideacellular.com/IDEA.portal?_nfpb=true&_pageLabel=IDEA_Page_IVResults 19-01 : Reliance Power Limited IPO finally oversubscribed by 73.04 times.
Retail section of this IPO subscribed 14.8716 times. Retail investors
who applied for 15 lots (225 shares) will get 15 shares or more.
18-01 : The initial public offer of Reliance Power, Anil Dhirubhai Ambani Group Company, has received excellent response since day one despite negative sentiment in markets as well as across the globe. The issue subscribed 72.58 times and received bids worth about Rs 7.5 lakh crore.
18-01: 1. Reliance Power Limited (RPL) IPO subscribed 24.36 times (9.0232
times in retail) on its 3rd day. Issue is closing today (January 18,
2008).
2. Future Capital Holdings Limited IPO finally oversubscribed 133.44 times (55.2187 times in retail). 17-01 : SUJANA METAL moving sharply @ 53 , may touch 60+ in short term
17-01 :Hind Motor is moving again and may touch 81 in today's trade
17-01 : MLL is another surpise of today. Since the opening moments MLL was struck in to lower circuit @ 122. But by 11.00 pm it showed 134 with good buying interest. MLL can go to 148-150 in short term easily if market remains okay.
17-01 : Within few moments of opening trade TFCI was locked in upperciruit. However, the selling pressure has lowered the price bit. But still buyer is in greater number than seller and the scrip in green. That is positive sign. Traders seems to have entered into script, short term target is 48 if market is not worsen beyond this.
17-01 : Planning to add some SUZLON if comes around Rs.1900-1950 level to benefit from the split.
16-01 : Added some ISPAT @ 64 with short term view, probably sell above 74.
16-01 : Bought PRICOL @ 33-00 (to average ) with 1 year view
16-08 : TFCI - With the announcement of the company to allot shares at mimimum price of Rs.48-00 to the promoters and QIB, it looks interesting at the rate of 41.
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TFCI, Short term 15-01-2008 : Reliance Money recommends to buy Idea as it has given breakout at 142 on 14-01-2008 giving target of 157. I am planning to sell my holding above 155. Chart - http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=BIRATTCO
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Idea, Short term 14-01-2008 : Container Corporation (CONCOR) has been recommended by Equitmaster.com with the target of of Rs.2500 from FY 2010 view of point. The stock has been surprisingly declining since June'07 from the high of 2348 with unsuccessful attempts to climb high. The chart shows interesting pattern. However, I am planning to buy tomorrow in small quantity. Chart - http://www.myiris.com/shares/company/chartShow.php?icode=CONCORIN
15-01-2008 Bought CONCOR @ Rs.1700-00 Labels:
CONCOR, Long term 14-01-2008 : Aarti Industries has comeoff from the high of 54 and is near 42. It can retouch 54 before results on 28-01-2008.
Chart - http://www.myiris.com/shares/company/chartShow.php?icode=AARINDUS Labels:
Short term 14-01-2008 : Super Spinning has come down to 25 from the level of 32 in this downturn. Possibly it may touch the height of 32 again within 1 week or so giving Rs.6-7 profit. BUY on 15-01-08 Chart -http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=SUPSPIMI 15-01-2008 Bought Super Spinning @ Rs.26-00 Labels:
Short term 14-01-2008 : Tourism Finance (TFCI) has come down from the high of 55.50 in recent downward trend. Last two days have shown upmove with good volumes. From 43 It can go to 55 again and beyond if overall upward trend remains positive for mid-small cap after Reliance Power IPO. I am holding TFCI at Rs. 30 planning to light off above 54.
Chart - http://www.myiris.com/shares/company/chartShow.php?cSelect=2&icode=TOUFINCO Labels:
TFCI, Short term DISCLAIMER
DISCLAIMER
Please note that the notes I am making here are just for my personal use and they are my personal opinions and views, and the same are not professional advises or do not solicit to purchase the scripts, please consult professionals equity advisers for investment ideas. I may delete some notes/comments from time to time and I do not guarantee to keep them online forever. Subscribe to Notes on Stocks throug RSS Feed Subscribe to Notes on Stocks by Email |