Building Up A Portfolio At A 7000 Level

[supratik]

Anything about Raj Rayon?

-Narendra

I got some more today at 33.6

I have not come across any bad news about the counter. Lets hope the downfall is limited from these levels.
I remember you have Bharti Airtel and Jupiter Org in your portfolio. I think they are ready to fly from this levels. Bharti should undergo some consolidation at current levels.

Thanks and Regards
Supratik

 

[ssnkumar]

I got some more today at 33.6

I have not come across any bad news about the counter. Lets hope the downfall is limited from these levels.
I remember you have Bharti Airtel and Jupiter Org in your portfolio. I think they are ready to fly from this levels. Bharti should undergo some consolidation at current levels.

Thanks and Regards
Supratik

OK Supratik. I will also take some of "Raj Rayon" at 33.75.
Yes, I have both Bharti and Jupiter Bio.

Today has been a bad day for Hindalco and Zee, both of which I have!
I don't know whether to average out or wait for them to come back!

-Narendra

 

[supratik]

OK Supratik. I will also take some of "Raj Rayon" at 33.75.
Yes, I have both Bharti and Jupiter Bio.

Today has been a bad day for Hindalco and Zee, both of which I have!
I don't know whether to average out or wait for them to come back!

-Narendra

Yes I see that - Hindalco has added some 10lakh shares...sth I forgot. I think we should wait bcz the downside in sensex is not over..read a previous post. I think our buy time is not here right now...I expect sensex to go down and lack foreign inflows atleast till budget.

I think we should also have the same approach..that is why the number of recommendations I give have also gone down..they are mainly Heard On the streets calls. Once things are optimal to buy we will get back to service.

I am currently buying Suzlon..slowly accumulating..at 1140 and 1076.

Hi All,
Keep a track of Orchid Chemicals....

Thanks and Regards
Supratik

 

[adec1023]

what do u suggest about orchid chemicals ???
buy today ?
thanks

 

[supratik]

Hi All,

fyi

Market gives thumbs down to M&As
BS Reporter / Mumbai February 13, 2007

The BSE Sensex plunged 348.2 points on the back of India Inc's acquisitions abroad.
Unimpressed by their victories abroad, the Indian stock market today hammered the stocks of Hindalco and Tata Steel by 14 per cent and 2.10 per cent, respectively, sending the BSE Sensex on a downward spiral of 348.20 points or 2.39 per cent. The broader Nifty-50 lost 129.10 points or 3.08 per cent to close at 4,058.30.
Tata Steel has lost 12.87 per cent since it announced the deal to acquire Anglo-Dutch steelmaker Corus on January 31.
Suzlon, which announced its $1.33 billion bid for Germany’s Repower last week, lost 13.26 per cent to close at Rs 1,080.10.

THE BIGGER THE DEAL, THE GREATER THE FALL
Companies Share price (In Rs)
Difference
Pre-deal
price Share price (12/2)
Hindalco 171.90 149.45 -13.05%
Tata Steel 515.00 448.67 -12.87%
Suzlon* 1245.15 1080.10 -13.26%
RCom* 475.55 455.00 - 4.32%

*In Suzlon, the share fell after it decided to bid for Repower Systems of Germany while RCom fell on the entry of Vodafone in India

Analysts said the prices paid in these deals looked expensive when viewed in terms of near-term earnings impact.

“Indian companies are buying companies that are three to four times their size. The correction was triggered by concerns of whether Indian companies’ balance sheets had the strength to swallow deals of this size,” said Rajesh Baheti of Crosseas Capital Services.

Added Shankar Sharma of First Global, “Big deals are bad for the markets. We need to look at these acquisitions closely and see if there is a case of overvaluation.”

Commenting on the Suzlon bid for RePower, Edelweiss Securities, in a note, said, “On the valuations front, the offer looks expensive as compared to Suzlon’s valuations. Also, Suzlon currently has consolidated debt (including Rs 25 billion of Hansen’s debt) of Rs 32 billion on its books.”

Hindalco had its biggest plunge in at least 16 years on concern the company’s finances may be stretched by the planned acquis

Thanks and Regards
Supratik Datta

 

[pshirurkar]

Hi,
can senior members give their daily opinion of the market and some of the picks they may find good for trading. that will be a great help to newbies
thanks

 

[supratik]

Hi All,

fyi
Govt mulls flexible imports to tame inflation

Press Trust of India / New Delhi February 15, 2007



Commerce and Industry Minister Kamal Nath today said the government may make imports more liberal to control inflation.

He said inflation is rising due to the constraints on the supply side and the department of industrial policy and promotion (DIPP) is looking at those gaps and if the need arises imports would made more flexible.

Inflation today touched a record level of 6.73% from 6.58% in the previous week.

In the recent past, the government and RBI have effected a number of measures like duty cuts and interest rate hikes to tame the price line.

Thanks and Regards
Supratik

 

[supratik]

The recent sharp correction in global commodity prices in general & zinc in particular is believed to be predominantly due to rebalancing of portfolio by Financial Investors who cut exposure to commoditites, and selling by those hit by losses in Oil futures than due to change in fundamentals which continue to be robust.

Man Financial's Rahul Jain believes that the fundamentals for Zinc and aluminium continue to be robust - as evidenced by continued strong demand and low inventory levels.

We expect Sterlite (+255% YoY), Hindustan Zinc (+347% YoY) and Hindalco (+115% YoY) to post strong 3Q07 numbers with potential for EPS upgrades of full year numbers by the streetNeed Mail bonding?

Thanks and Regards
Supratik

 

[ssnkumar]

The recent sharp correction in global commodity prices in general & zinc in particular is believed to be predominantly due to rebalancing of portfolio by Financial Investors who cut exposure to commoditites, and selling by those hit by losses in Oil futures than due to change in fundamentals which continue to be robust.

Man Financial's Rahul Jain believes that the fundamentals for Zinc and aluminium continue to be robust - as evidenced by continued strong demand and low inventory levels.

We expect Sterlite (+255% YoY), Hindustan Zinc (+347% YoY) and Hindalco (+115% YoY) to post strong 3Q07 numbers with potential for EPS upgrades of full year numbers by the streetNeed Mail bonding?

Thanks and Regards
Supratik

Supratik,

Did you buy anything during the correction?

Regards,
Narendra

 

[farukh9090]

zee news at 36 rs wats ur comments