STOCK BUZZ

Real Estate loans in India : Is this real Bubble? I’ve been waiting for some official confirmation of the bursting of the real estate bubble in India. Although bursting of the bubble (or even the existence of it) is still just hearsay, it is widely accepted that Indian real estate market is stuttering (to put it the best way I can). This article in the New York Times puts the depreciation in New Delhi and surrounding areas at 20%. I thought this is a good time to do a followup on my first post on Indian real estate. In the midst of the bursting housing bubble in US, UK, Spain, Ireland ..etc., sub-prime has become a common word (it also was nominated as the word of the year). There are several articles, blog entries and web sites detailing the life cycle of a mortgage loan in these countries, especially in the US, talking about how these loans are converted to Mortgage Backed Securities (MBS) and packaged as Credit Default Obligations (CDO) and sold to hedge funds, central banks, privat

Stock Market will be Closed on May 1st due to Maharashtra Day.

Buy for April 30th BUY TTML at current level and hold for 3 to 5 months. Tata has great plans in telecom industry.

With the continued slow down in US economy, many US companies will look at Indian software companies to Out source software development to cut costs. TCS has a well established business process and its positioned to take advantage of this situation. Buy TCS at 840, 845, 850. Stop loss at 820. Hold this stock until next quarter and expect the stock price to hit 900-920.

Jim Crammer on Mad Money recommended FSLR in the recent past. First Solar, Inc. (Nasdaq:FSLR) announces the appointment of Larry Polizzotto as Vice President, Investor Relations, based at the Company's headquarters in Tempe, AZ. In this new position, Mr. Polizzotto will act as a liaison between First Solar and its stockholders and will report to Jens Meyerhoff, Chief Financial Officer. "The scope of our investor relations requirements has grown significantly since our IPO in November of 2007. Larry brings 23 years of experience developing Investor Relations capabilities, providing a high level of service and responsiveness to investors," said Jens Meyerhoff, Chief Financial Officer. Prior to joining First Solar, Mr. Polizzotto gained financial, technology and business experience at IBM and Dell where he held director and senior management roles in investor relations, corporate and strategic planning, finance, and business and technology development. Mr. Polizzotto earned

NEW DELHI (Reuters) - A slowing U.S. economy will push firms to hike IT outsourcing to low-cost locations for savings and productivity, and India has an edge over other countries to attract these deals, research firm Gartner said. Overseas firms have given deals to Indian software firms, attracted by an army of English-speaking workers and cheaper wages, but there are concerns about the impact of an economic downturn in the United States on the local companies' revenue. "Organisations are likely to conclude that increasing the proportion of work to offshore locations is the best way to reduce labour costs, among other benefits," Arup Roy, a senior research analyst, said in a statement issued on Thursday. "Factors that will give India the edge over other offshore locations are scale and quality of labour ... India is central to almost any discussion of offshore services delivery for these buyers," T.J. Singh, research director, said. But buyers of such services w

MUMBAI, April 22 - The retail unit of Reliance Industries Ltd RELI.BO, India's largest listed firm, RELI.BO said on Tuesday it had formed a joint venture with Office Depot ODP to provide office products and services in India. The firms have also acquired eOfficePlanet, an Indian office products and services dealer, to accelerate the rollout of the joint venture, they said in a statement. No financial details were disclosed in the statement."The joint venture with Reliance and the strategic acquisition of eOfficePlanet will put Office Depot in a leadership position in India," said Charles Brown, President of Office Depot's International Division. The firms said the Indian office products market was among the top 15 in the world. Reliance Retail, which runs 590 stores across 57 Indian cities, has already formed joint ventures with optical retailer Pearle Europe and Britain's Marks and Spencer MKS.L Source: Office Depot

Buy Jain Irrigation at 645, 650, 655. Stop loss at Rs. 620. Target price 720 in next one month. Jain Irrigation, has multi product industrial profile and manufacturers of Drip and Sprinkler Irrigation Systems and Components; PVC, Polyethylene (HDPE, MDPE) & Polypropylene Piping Systems; Plastic Sheets (PVC & PC sheets); Dehydrated Onions and Vegetables; Processed Fruits; Tissue Culture, Hybrid & Grafted Plants; Greenhouses, Poly and Shade Houses; Bio-fertilizers; Solar Water Heating Systems and Solar Photovoltaic Appliances (Solar lighting systems) and Bio-Energy sources. We render consultancy for complete or partial project planning and implementation e.g. Watershed or Wasteland and / or Crop Selection and Rotation. Its other major competitors are Advanta India Ltd. and EPC Industrie Ltd.. Jain irrigation is trading at at PE of 32.4 and its forward PE is 29.47 (Based on analyst estimates). This company will see significant growth in near future as commodity prices are i

Buy Reliance Petroleum ( RPL) at 198, 200, 205, stop loss 185. Hold for 3 months and sell on the next positive news. Target price 240 in 3 months. This stock has been steadily moving up since its IPO launch and its price movement is based on nothing but speculation. So you will definitely see an up-tick in the stock price as we get more news regarding the project completion and signing of contracts for the crude oil supplies. Bear in mind to enter this script again before the completion in December 2008. From several other sources it has been identified that the project might be commissioned earlier than expected, so keep following stockpm for further updates. In the recent past: MUMBAI (Reuters) - India's Reliance Petroleum Ltd, which is building a 580,000 barrel per day (bpd) refinery, said on Wednesday it had completed 90 percent of the project by March 31. The company said it had spent 233.19 billion rupees ($5.8 billion) on the project up to end-March, and repeated previous st

Recap: Cinemax gave a profit of Rs 370/-, SAIL gave a profit of Rs 600/-, Tata Power gave a profit of Rs 1000/- and Reliance gave a profit of rs 2500 for every 100 shares purchased as per recommendation.. And here is the rest of it. Buy for April 23 Buy MTNL >113.1, 115, 118 Stop Loss 111 Buy Adlabs >727.1,734,743,750 Stop Loss 717.4

Recap: It was a good day with cinemax giving a profit of RS 14.50/- and Ispat Industries gave a profit of Rs 150 for 100 shares purchased as per the tip. Buy for April 22nd 2008 Buy Cinemax >114.6,122,129 Stop Loss 109.8 Buy SAIL >179.3,181,183 Stop Loss 177.9 Buy Tata Power >1320.1,1332,1343 Stop Loss 1316

Outperforming its own guidance, IT major Satyam Computer Services Ltd has posted a 46 per cent increase in revenue to touch Rs 8,473.49 cr in 2007-08 and a net profit of Rs 1,687.89 crore, registering an year-on-year growth of 39.7 per cent. The slowdown in American economy has prompted the country's fourth largest software company to project a reduced growth rate of 24 to 26 percent for the current fiscal even as it geared up for reducing dependence on US markets and exploring opportunities in European and Asia-Pacific regions. The net profit for the quarter ended March 31 stood at Rs 466.85 cr, up by 18.6 per cent over the corresponding period last year, while the total income touched Rs 2,416.02 cr, reflecting a 35.8 percent growth over the same period last fiscal. Announcing the results after the company's board meeting here, its Chairman B Ramalinga Raju said despite a 11 percent drop in US Dollar value, the company posted a healthy growth rate. At present, the American m

Tata Consultancy Services on Monday announced a consolidated net profit of Rs 5026.02 crore for the year ended March 31, 2008, an increase of 19.3 per cent as compared to the corresponding period a year-ago. The firm had a consolidated net profit of Rs 4212.63 crore in the year-ago period, it said in a filing to the Bombay Stock Exchange. The total income of the group stood at Rs 23349.45 crore for the year ended March 31, 2008, compared to Rs 18914.26 crore for the corresponding period a last year. TCS posted a standalone net profit of Rs 4508.76 crore for the year ended March 31, 2008, a rise of 20 per cent as compared to the year-ago period. The firm had posted a standalone net profit of Rs 3757.29 crore in the corresponding period a year ago. The total income for the year ended March 31, 2008 rose to Rs 18979.67 crore as compared to Rs 15156.52 crore in the same period a year ago. The company's Board of Directors has recommended a final dividend of Rs 5 per share of face value

Anil Ambani group's Reliance Power is looking to invest about one billion dollars (Rs 4,000 crore) towards purchase of large-size vessels for shipping coal from abroad to its Krishnapatnam and other projects. Reliance Power, which has bagged the country's two ultra mega power projects of 4,000 MW each at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh, has . has already received initial quotations from some major shipping yards in China, Korea and Japan towards its order for Capesize vessels worth about one billion dollars. Capesize vessels are among the world's biggest shipping vessels with capacity of up to 200,000 tonnes and these ships are mostly used in handling deep water terminals for raw materials such as iron ore and coal. Reliance Power would initially use these vessels for shipping coal to its Krishnapatnam project, while in future they would be used for other imported coal-based projects as well, sources close to the development said. The delivery is

Buy Ispat Industries >33.55,34.05,35 Stop Loss 31.8 (one can hold this stock for 3-6 months to see a level of 40) Buy TTML >34.35,35.3,36.9 Stop Loss 33.5 (one can also hold this stock as telecom is the buzz word and Tata are doing well in this segment). Buy Cinemax >105.85,107.50,109.65 Stop Loss 103.5 one can also hold this stock for one year to see it achieving a target more than 155 levels as cinemax has been on expanding mode as the same can be understood with its recent opening for public its four screen multiplex with capacity of 1037 seats situated at Dev Arc Mall, S C Highway, Opp. Big Bazar, Satallite Ahmedabad- 380015. This multiplex is being made open to public with block buster movies like KRAZZY4, U Me aur Hum, The Water horse. It even has one 1 screen Red Lounge with 115 recliner seats. One will be able to get the best movie experience with these multiplex chains and thus total cinemax chain will be 19 theatre p

Jim Crammer recommended HCP on his show on April 18 show for your retirement accounts ( 401K and IRA) HCP, Inc. (HCP), Health Care Property Investors, Inc., is a real estate investment trust (REIT) focusing primarily on properties serving the healthcare industry. HCP is a self-administered REIT that invests directly or through joint ventures in healthcare facilities. The Company acquires, develop, lease, dispose and manage healthcare real estate and provide mortgage and other financing to healthcare providers.( More from Reuters ») And here is the rest of it. HCP is a high yield stock ideal for long term investment objective. The company's focus is in health care industry services. With the increase in baby boomer's population, HCP will see significant growth in near future. HCP has seen significant increase in its profit from about 400 million in 2006 to 700 million in 2007. Its PE is 14, which is typical for a high yield stock, and with a beta of 1.22 relates to lower ris

Buy Infosys Technologies Ltd. 1680, 1690, 1770 stop loss at 1600. Buy and hold for 4 months. Target price 1800.

Buy Asian Paint at 1100, 1115, 1120 stop loss 1000. Hold for delivery with 3 months target of 1300 /-

Indian Share market recap : One has to keep watch for Sensex sustaining above 16301 or Nifty has to sustain above 4926 to make some head way in positive direction for the indian stock market. Buy for April 16 Buy Union Bank >158.75,162.45,168 Stop Loss 153 Buy Bank of India > 310.2, 313, 322 Stop Loss 306.8.

  Delta Air Lines Inc. , one year removed from bankruptcy, agreed to acquire Northwest Airlines Corp. in a $3.1 billion stock deal that would create the world's largest carrier and may unleash more industry consolidation. The airline will keep Delta's name, Atlanta headquarters and chief executive officer, Richard Anderson , 52. The purchase will create a total of $1 billion in new revenue and savings and won't shut any hubs, the companies said today in a statement. Delta, the third-biggest U.S. airline by traffic, is betting that combining with No. 5 Northwest will help blunt a 74 percent surge in jet fuel over 12 months. The move is likely to hasten merger talks among rivals including United Airlines to counter the new Delta's wider network. ``The assumptions are fairly optimistic,'' said George Hamlin , managing director of New York-based consulting firm ACA Associates. ``Given high fuel prices and going into a recession, it makes you wonder how thing

Buy Mahindra & Mahindra Ltd -> 610, 620, 630. The stock is trading at the lower end of its 52 week high/low. The Company is at PE of 13.82 with EPS of 44.88. The company will see a strong growth in the small trucks and Jeep markets in third and fourth quarter of 2008. In the recent past, the company has reported following news with the BSE: Mahindra & Mahindra Ltd has informed that a consortium of Mahindra & Mahindra Ltd (M&M) and ICICI Venture Funds Managements Ltd, India's leading PE player with AUM of over $ 2 billion, on April 02, 2008 has signed a definitive agreement agreeing to acquire 100% stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. The transaction is subject to receipt of necessary approvals. Mr. Hemant Luthra, President, Systech, said Mahindra Forgings (MFL) has already created one of the leading forging Companies in the world. Together with ICICI Venture we expect Metalcastello S.p.A, an outstanding Company with a 50

Mad Money recommended Costco on March 24 (Mad money Link) . Costco Wholesale Corporation (Costco) operates membership warehouses based on the concept that offering its members very low prices on a limited selection of nationally branded and selected private-label products in a range of merchandise categories will produce high sales volumes and rapid inventory turnover. It buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point (depot) or directly to its warehouses. More from Reuters Costco saw a significant growth in the first quarter of 2008 and its first quarter same store growth was 7 percent which was greater than estimated.. (source CNN) Also with the slowing economy and increasing commodity prices, consumers are cutting on there spending. What we are witnessing now, is that consumers are eating out less and spending more at the Grocery stores. The major beneficiaries are the club stores (Costco (COST), BJ's (BJ), S

Indian stock market will remain closed on Monday i.e. 14 April,08 on account of Ambedkar Jayanti and will re-open on Tuesday i.e. 15 April, 2008.

Inflation stands at 7.41% versus 7% for the week ended March 29 . The market had estimated it at 7%. The iron and steel inflation has gone up 5.6%. The inflation is highest since November 8, 2004. The manufacturing inflation is up 0.9%, while the inflation for all commodities is up 0.5%.Almost all the experts CNBC-TV18 spoke to, agreed that a CRR hike is on the anvils; say a 50 bps hike. Ashok Desai, Columnist of The Telegraph expects inflation to go down in April and May and surge again after a couple of months. He said market has now factored in high inflation scenario. Year-on-year, inflation will go down below 7% for at least next two weeks, he said. Sucheta Mehta of Standard Chartered Bank said that the inflation was higher at 7.41% than her original estimate of 7.26%. According to Mehta, the fiscal measures taken are yet to have an impact and will continue to have an effect during the weeks to come. The fiscal measures are yet to show result on the WPI ( whole sales price index

Apache Corporation is an independent energy company that explores for, develops and produces natural gas, crude oil and natural gas liquids. In North America, the Company's exploration and production interests are focused in the Gulf of Mexico, the Gulf Coast, East Texas, the Permian Basin, the Anadarko Basin and the Western Sedimentary Basin of Canada. Outside of North America, the Company has exploration and production interests onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina. More from Reuters » Earlier in the year, Cramer highlighted it as one of his $80 to $120 stocks. That is the type that you find at $80, and it tends to go to $100 before rising all the way to $120 in a bull market, he said.Cramer likes Apache because it is one of the few companies that believes in expensive oil. It is the king of real growth in the oil industry, he said, noting Apache's oil production was up 9% during the third

Jim Crammer suggested a buy for CTC media . CTC Media, Inc. operates the CTC Network ( CTC on Mad Money ), a Russian television network offering entertainment programming targeted at 6-54 year-old viewers, and the Domashny (Home) Network, a Russian television network principally targeted at 25-60 year-old female viewers. ( More about CTC on Reuters ) CTC Media is a Russian company and we always recommend readers to be cautious when dealing with foreign stocks. All foreign stock have an added element of RISK due to the fact that foreign government have huge impact on the markets as compared to US governments. Having Said that: the stock will rise in coming months. Here are a few reasons we believe why: A key acquisition should lead to big savings for CTC. The company should be able to squeeze more out of men’s entertainment channel DTV and bring its 10% operating margin into line with CTC’s 41%.CTC is growing outside of Russia as well, moving into Soviet satellites like Kazakhstan and

Buy Bharat Heavy Electricals Ltd at 1780, 1785, 1790. BHEL will see its stocks go higher in the next couple of months. The Target price for BHEL is 2250 by Mid June. With all the joint ventures BHEL has formed in the last few months with Reliance power and NTPC, it will see good earning for both 2008 and 2009. BHEL forms joint venture for Nuclear projects BHEL - Provisional figures for FY 2007-08 April 03, 2008 ( See below) Bharat Heavy Electricals Ltd (BHEL) has informed that the following tentative financial results (flash results), as approved by the Board of Directors in its meeting held on April 03, 2008, would be announced by CMD/BHEL in the press conference to be addressed by him on April 03, 2008. (Rs in million) ------------------------------------------------------------------------------------------ 2006-07 2007-08 (Audited) (Provisional) ------------------------------------------------------------------------------------------ Turnover 187390 216080 Economic Value Added (E

On April 8, Jim Crammer reaffirmed that, Washington Mutual’s newly raised $7 billion capital didn’t impress Wall Street. The stock’s down about 10% Tuesday despite the news. Even still, Cramer said during Stop Trading!, WM should be “dramatically lower.” “This stock is radically mispriced,” he said. Washington Mutual Washington Mutual Inc WM 11.81 -1.34 -10.19% NYSE “should be between $9 and $10 – max.” Buyers propping up WaMu – Novice investors following institutional money? Investors who believe the stock’s bottomed? – might be ignoring the poor terms under which the TPG deal was struck and the delusion of the stock, Cramer said. (Watch David Faber’s report for the full story.)

  Buy Unitech Ltd. at Rs. 260.   In the recent past, the company reported that: With reference to the earlier announcement dated February 28, 2008, regarding Issuance of Unified Access Services Licences, Unitech Ltd has informed that the Department of Telecommunications, Ministry of Communications & Information Technology, Government of India (DOT) has issued to the subsidiaries of the Company the Licences for providing Unified Access Services (UAS) in remaining 10 telecom circles and the Licence Agreements in this regard have been signed on February 29, 2008 by the said subsidiaries with DOT. With this, the Company have been issued by DOT the Unified Access Services Licences for all the 22 telecom circles across the country. Source: BSE India 

Crammer on the Mad Money show says that it is not all rosy for Wamu yet, and we agree with him. Washington Mutual may have rebounded from last week’s bear raid, thanks to a potential $5 billion capital infusion. The Mad Money host is reserving judgment until the WaMu Washington Mutual Inc closes the deal. Wamu, has already seen an upward trend on Monday, April 7th. But we do not feel that financial institutions have done enough to see the bulls return. Also, the risks are too high for investors to get back in the financial markets.

When Tata Motors launched the Nano it was probably the most globally high-profile move by an Indian auto company. We examined some implications then. We now look at some implications of another equally high-profile event - the Jaguar-Land Rover takeover. While the Nano was good for brand Tata, getting it noticed all over the world, the acquisition of Jaguar and Land Rover puts it firmly in the map of the Who’s Who of auto brands. The acquisition of these brands by Tata can work wonders for the brand image of Tata Motors as the company that owns two of the biggest names in luxury automobiles. But how does this fit into the overall strategy for Tata as it does not even have a pretense of a presence in the luxury segment even in its home market? The Tatas’ most expensive vehicles on Indian roads are its commercial trucks. Here are a few thoughts. Not necessarily echoing the sentiments expressed by Tata in public but our analysis of how this acquisition could be made to fit into Tata’s ov

Recap: RPL gave a profit of Rs 3.5/ Indian Share Market Update : Institutional investors have started buying and mutual funds are waiting in sideline

Buy Sun Pharmaceutical Industries Ltd . at 1260. stop loss 1190. target price 1450 in 3 months. Recent news: Sun Pharmaceutical Industries Ltd on March 31, 2008, has announced that it has commercially launched generic Amifostine for Injection 500mg, which is therapeutically equivalent to Medlmmune's Ethyolr. The Company's product is being sold in the United States by its marketing partner Caraco Pharmaceutical Laboratories. The Company had received a USFDA approval for this earlier in March 2008. Ethyoir has annual sales of approximately USD 80 million in the US. The Company being the first-to-file an ANDA for generic Ethyolr with a pare IV certification, has a 180-day marketing exclusivity. Ethyolr is covered under 3 patents - '471 (July 31, 2012), '731 (July 31, 2012) and '409 (December 08, 2017). This ANDA was filed with para IV certification against all the patents Medimmune flied a suit in the District Court of Maryland and the case is under litigation. Source:

Buy Sun Pharmaceutical Industries Ltd . at 1260. stop loss 1190. target price 1450 in 3 months.

Market Condition: I know one can get tempted to buy at such attractive valuation with Risk of 15 to 30%.All those compulsive traders with cash can buy near Nifty 4400 levels and sell near nifty 5000 levels. Buy for April 7th 2008 Reliance Petroleum 170.15, 172, 177 Stop Loss 166

The Tata group's awesome reputation for excellent human resources management was one of the critical factors that helped it clinch the deal with Ford Motor Co. for acquiring the Jaguar and Land Rover brands, says a business relations expert. "The manner in which the Tata group handled the Corus Steel deal in late 2006 created a major positive impression among the unions and the employees at large. Finally, it was one of the key factors that led to a successful completion of the Jaguar and Land Rover deal," said Chandrika Shah. Based in Mumbai, Chandrika is country representative in India for The British Midlands that promotes business relations with the region, with seven branches worldwide, including four in the US, and one each in India, Australia and Japan. The Jaguar and Land Rover plants are located in The British Midlands region. "The Tatas displayed a very deep and mature understanding with the employees of Ford. The Tatas also enjoyed a close relationship wit

Jim Crammer, recommended First Solar Symbol (FSLR) on its Thursday night show. Analysts at stockpm would suggest that this stock is buy for short term, but will not outperform the market in the long run. The reason for such a recommendation is two fold. First, since Crammer has recommended this stock, you will see its price will spike in next few weeks. The stock is already trading at its 52 week high (283.54-54.20). This spike in price is entirely driven by speculation and not based on fundamentals. According to the technical analysis, the stock has seen a jump due to news in the market that the next big green generation is Solar and Wind. But, our analysis of green investing states that jump in green stock is more like the dot com bubble and people need to be realistic about green growth. We at stockpm will publish an article tomorrow and explain the fundamentals of the growth in renewable energy. ( Please, come back tomorrow for some fundamentals). We suggest a buy for short term t

We recomment to Buy Cummins India Ldt at Rd. 310.   For Indian Economy to grow at its current pace, the country needs new Power plants. Cummins India is a key suppliers of motors to the various power plants being built throught out the county. In the recent past, Cummins India Ltd has informed that the Company inaugurated its expansion manufacturing facility at its Kothrud Plant in Pune on March 17, 2008. This expanded facility has commenced commercial production of mechanical and electronic KV series engines ranging from 750 HP to 2250 HP to meet the demands of power generation, marine, construction, mining and locomotive applications and also specialize in assembling, testing and up-fit of high horsepower engines as per customer requirements.   In another news, Cummins India Ltd has informed that the Company has signed a Memorandum of Understanding (MOU) with Government of Maharashtra on March 15, 2008, wherein the State of Maharashtra has offered Mega Project incentives to the

Buy ABG Shipyard at 680 This stock is oversold and seems to be on its way to gain in few months. The EPS(earning per share ) is at Rs 22.98 and last years sales at Rs. 275 crore. Both UTI opportunity fund and Tata mid cap funds are both invested upto 20 % in this comapny. we really like the position for this company. On March 18, ABG Shipyard Ltd has informed that the Company has received ship building subsidy amounting to Rs 12,79,57,884/- (Rupees Twelve Crores Seventy Nine Lakhs Fifty Seven Thousand Eight Hundred and Eighty Four Only) from the Ministry of Shipping, Road Transport and Highways, Government of India towards Yard No. 209 & 211.

Tata Motors Ltd plans to list depositary receipts on the Tokyo Stock Exchange, and may raise more than 100 billion yen ($983 million) in Japan for acquisitions, said on Wednesday. Tata, India's top vehicle maker, last week announced a deal to buy luxury brands Jaguar and Land Rover from Ford Motor Co for about $2.3 billion. Later this year it plans to start selling the Nano, the world's cheapest car at about $2,500. A spokesman for Tata Motors, India's top vehicle maker, said he could not comment on the Nikkei report immediately. Tata Motors last month signed a deal for a $3 billion one-year bridge loan, which it has indicated it would use for Jaguar and Land Rover deal. It also said it would raise additional long-term funds of up to 40 billion rupees ($1 billion). The Nikkei on Wednesday said Tata will list depositary receipts on Tokyo's largest bourse as early as this summer to finance acquisitions, becoming the first overseas firm to do so after restrictions were lif

Today the markets have rebounded in US and we expect the Bombay markets to follow suite: Buy Century Textiles & Industries Ltd. buy at Rs. 730 with the stock trading at it lower end of 52 week high/low (1275.00 - 491.50), we recommend a buy,buy, buy ( Mad money style) for the stock and hold for 3 months. With a proven sales figures and solid earnings per share, We expect a yield of at least 30%. some news for this script in the past: Century Textiles & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 25, 2008, inter alia, has transacted the following - The following expansions of manufacturing capacity have been approved by the Board: a. To set up a 500 tonnes per day capacity Multilayer Packaging Board Plant including 40 MW Steam Turbine, at a total capital outlay of upto Rs 775 crore, which is expected to be operational by about September, 2009. b. To install a 450 tonnes per day capacity Paper Grade Pulp Plant (Fibreline