Some Good Steals...

[AMITBE]

Amit,

Many thanks for u'r reply. i have entered into these stocks at the following rates..

PETRONET 64/-
LAKY 66/-
NATIONAL STEEL AND AGRO 22/-

I would really appreciate u'r reply.

Hi bond_kk,
Petronet will work for investors willing to hold for long. This is one of the growth sectors but not likely to make runaway moves. It makes a strong move one level to the next over a period of time, like from 10-12 to 20 in early '04, then from 20 to 40 at the end of the same year. Then from 40 to 60 it did from July to Decenber '05. Going by this pattern it may well trade in a range for the next few months and only a sustained close above 68-70 could take it 80 levels. S/l technically would be below 60, but it's a defensive counter with minimal volatility in either direction.
On Lyka Labs, whatever your reason was for buying, don't hold below 63 or 61 max. It appears oversold and may attempt a pullback so take your entry if possible. Unless you have news on this, there is no reason to hold.
National Steel too may attempt a recovery though 24-26 is strong supply area. I wouldn't hold it below 19.
Do be very careful what you get into at this point. The valuations of our markets are raising a lot of concerns and only those with strong track records would have any chance going ahead.
All the best.

 

[AMITBE]

Dear Amit and others ,,

Any idea or calls for Kernex Microsystems - Technicals or Fundamentals .. Is it worth a pick at current lvls of 265 ..

regards
Vinsu

Hi Vinsu...there has been a buzz around this counter in the last little while. They are into a niche area of developing safety divices and anti collision systems for the railways and it seems they may not have a lot of competition in this area where growth potential is huge. On the face of it, this could be a strong winner over the next few months.
To see a stock taking a beating in the thick of the results season only suggests poor showing or market disappointment or both. It traded in a range till the eve of its results and then the beating.
I couldn't locate comparitive data so someone else may make an input here...it's certainly an interesting counter.
Technically there is hardly any data to go by, but as it's interesting, I'll attempt to find some likely key supports...
These could be around 255-246-243-240 for now with cmp 264.
To the up, 272-284-301-306 appear to be the levels of contention.
A'm tracking closely but do update when you like.
Thanks for the pointer and cheers.

 

[AMITBE]

Amitda,

People are speculating that market may go for a deep correction before budget.

Can you pls specify some mid-large caps those can be bought in this phase for long term invenstment ?

What's your email id ?


Thanks
Mejo

Hi Mejo...let's just see how deep the correction goes for now. Following this would come the pre-budget rally and how far that may go is uncertain.
Let's just wait and watch where things seem to be heading before making any calls at this point.
Do look around at various threads as time goes by. There're always good calls here.
Will post.
Bye for now.

 

[AMITBE]

Hello Amit,

Entered Greaves Cotton at 274.

What are your views on Mercator Lines? Is it o.k to take a position ?

Regards

Roneeth

Hi Roneeth...it's ok that you've got in on GC but do keep an eye if it slips to 265-269. On the other hand should the company come out with clarifications that the market feels assured about, it could go up nicely.
Mercator may find support at 47-50 levels, but going ex-bonus I'm not sure so it's a watch for a few sessions. It's oversold but no buy on the charts.
Any idea how the results went?
Regards.

 

[vinsu]

Hi Vinsu...there has been a buzz around this counter in the last little while. They are into a niche area of developing safety divices and anti collision systems for the railways and it seems they may not have a lot of competition in this area where growth potential is huge. On the face of it, this could be a strong winner over the next few months.
To see a stock taking a beating in the thick of the results season only suggests poor showing or market disappointment or both. It traded in a range till the eve of its results and then the beating.
I couldn't locate comparitive data so someone else may make an input here...it's certainly an interesting counter.
Technically there is hardly any data to go by, but as it's interesting, I'll attempt to find some likely key supports...
These could be around 255-246-243-240 for now with cmp 264.
To the up, 272-284-301-306 appear to be the levels of contention.
A'm tracking closely but do update when you like.
Thanks for the pointer and cheers.

Dear Amit ,
Thanks for the update .. Will keep a close track on it . It was listed in the multibagger section of a broking site , so i brought it up . But since it is taking a beating lately , will keep a close track on it . Will update if any
Thanks
Vinsu

 

[roneeth]

Hello Amit,

Following is the Mercator lines results,

http://www.thehindubusinessline.com/2006/01/30/stories/2006013001790500.htmMERCATOR Lines Ltd has reported a net profit of Rs 58.68 crore in the quarter ended December 31, 2005, as against Rs 58 crore in the corresponding previous quarter.

The company said the profit was constrained by a substantial increase in interest (255 per cent) and depreciation (185 per cent), coupled with higher provision of tax (197 per cent).

During the three months ended December 31, 2005, the income from operations increased by 70 per cent at Rs 282.38 crore (Rs 166.28 crore), while the operating profit increased by 47 per cent at Rs 109.37 crore (Rs 74.15 crore).

Bonus shares: The company has approved the issue of bonus shares in the ratio of 3:2 and the issuance of securities by public or private offering in the domestic or international markets, in the form of ADRs/ GDRs/ bonds/ equity shares or in any other form for an aggregate amount not exceeding $75 million or an equivalent amount in any currency.

During the nine months ended December 31, 2005, net profit was up 23 per cent year-on-year at Rs 135.95 crore (Rs 110.30 crore), while the income from operations grew 53 per cent at Rs 593.92 crore (Rs 388.24 crore).

Thanks and Regards

Roneeth

 

[bond_kk]

Hi bond_kk,
Petronet will work for investors willing to hold for long. This is one of the growth sectors but not likely to make runaway moves. It makes a strong move one level to the next over a period of time, like from 10-12 to 20 in early '04, then from 20 to 40 at the end of the same year. Then from 40 to 60 it did from July to Decenber '05. Going by this pattern it may well trade in a range for the next few months and only a sustained close above 68-70 could take it 80 levels. S/l technically would be below 60, but it's a defensive counter with minimal volatility in either direction.
On Lyka Labs, whatever your reason was for buying, don't hold below 63 or 61 max. It appears oversold and may attempt a pullback so take your entry if possible. Unless you have news on this, there is no reason to hold.
National Steel too may attempt a recovery though 24-26 is strong supply area. I wouldn't hold it below 19.
Do be very careful what you get into at this point. The valuations of our markets are raising a lot of concerns and only those with strong track records would have any chance going ahead.
All the best.

Many thanks Amitji.. i really appreciate your help. Will follow this stocks daily and update you as well. But one question which i would like to ask u.. since i am very new to this market i intially gone based on the following fundas..

Go through company background
Review the profits as well EPS
what is the % of the public holding of the stock
and what is the trend of this stock for the last couple of years..

please let me know if i need to go through anything else.

bond

 

[sharv]

Hi,

smart move on subhash proj. Nice call .Thanks Roneeth and Amitbe.
good results are smelling.

pl. give your opinion on ABG shipyards Good results and orders too.

thanks

sharv

 

[roneeth]

Hello Amit,

What is your opinion regarding Torrent Power Ae Ltd? India cements is doing well,i have already exited at 133 with Cummins.

Thanks and Regards

Roneeth



Roneeth

 

[roneeth]

Hello Amit,

Torrent Pharma Results:

The company's Q3 net profit is up at Rs 25.6 crore (Rs 256 million) from Rs 17.1 crore (Rs 171 million).

Its Q3 net sales are up at Rs 337 crore (Rs 3.37 billion) from Rs 312 crore (Rs 3.12 billion).

Trading now above 266 cmp.

Regards

Roneeth