STOCK BUZZ

source: IndianExpress   If you are a young voter seeking to make a conscious decision in the upcoming Lok Sabha elections, this website giving details about all aspects of the polls might help you in making right choice while casting your ballot. From maps of constituencies to the election schedule to the working of Electronic Voting Machines, the site, launched by cartoonist Neeraj Gupta combines the technical information needed by the electorate with highlights of the 'flawed' functioning of our political system. So, the next time you want to know the percentage of people with criminal background making legislations for you or details regarding the states which send the maximum 'notorious' men to Parliament, you can log on to www.voteforindia.co.in , the website initiated by independent organisation 'Mass for Awareness'. And if you desire to have a look at some of the "most embarrassing moments" in the history of our legislatures, you will f

02:54 PM Tuesday , 31 March Rajesh Tambe, technical analyst recommends investors to hold JP Hydro for the long term as it will give good returns over 2-3 years. Source : ZEE BUSINESS 02:53 PM Tuesday , 31 March CLSA maintains a sell call on Tata Motors with a target of Rs 95. Source : CNBC AWAAZ 02:52 PM Tuesday , 31 March Kotak Securities maintains a buy call on Axis Bank with a target of Rs 645. Source : CNBC AWAAZ 02:52 PM Tuesday , 31 March Kotak Securities maintains a buy call on Axis Bank with a target of Rs 645. Source : CNBC AWAAZ 02:51 PM Tuesday , 31 March Hemen Kapadia, technical analyst advises investors to buy RIL with a target of Rs 1,605 and stop-loss of Rs 1,500. Source : CNBC AWAAZ 01:05 PM Tuesday , 31 March Research analyst, Santosh Sahu recommends investors to buy Aban Offshore above 405 with target of Rs 420-425. Keep stop-loss of Rs 397, he adds. Source : IRIS 01:03 PM Tuesday , 31 March Research analyst, Santosh Sahu recommends investo

<p>Buy Tata Motors&gt;176.1,182,186 sl 171.9 ( One can hold this stock for short term as Nano euphoria will bring good news for this counter as Tata group is expecting booking to the tune of 5-6 Lakh vehicles).</p><p>Buy Moser Baer&gt;53.1,53.8,56.5 sl 49.8</p><p>Buy Aban&gt;401.1,418,425 sl 395.9</p><p>Buy BRFL&gt;145.1, 147.9,150 sl </p><p>Buy BHEL&gt;1501.1,1511,1521,1540 sl 1489.9</p><p>Buy ACC&gt;571.1,577,580 sl 565.9</p><p>Buy Nitin Fire&gt;175.1,177,180 sl 171.9</p><p>Buy TCS&gt;541.1,556,570 sl 536.9</p>

03:21 PM Monday , 30 March Research analyst, Santosh Sahu recommends sell today buy tomorrow on Tata Motors Future at Rs 173.50 with a stop loss of Rs 176 and a target of Rs 167-165. Source : IRIS 01:50 PM Monday , 30 March Ashwani Gujral, technical analyst advises investors to buy Mercator Lines with target of Rs 40. Keep stop-loss of Rs 25, he adds. Source : CNBC AWAAZ 12:11 PM Monday , 30 March Simi Bhaumik, technical analyst advises investors to hold Peninsula Land with target of Rs 27-28. Keep stop-loss below Rs 17, she adds. Source : ZEE BUSINESS 12:10 PM Monday , 30 March Technical analyst, Vijay Bhambwani advises investors to hold Aditya Birla Nuvo with target of Rs 470-475. It has support at Rs 410-415, he adds. Source : CNBC AWAAZ 12:09 PM Monday , 30 March Simi Bhaumik, technical analyst recommends investors to hold OBC with target of Rs 125-126. Keep stop-loss of Rs 105, she adds. Source : ZEE BUSINESS 11:00 AM Monday , 30 March Ambareesh Baliga of

PINC Research has maintained its buy rating on Garware Offshore Services (GOS) with a price target of Rs 80 in its March 27, 2009 research report. "GOS has timed the market well in the past with its expansion. Going forward, the outlook remains positive for the company as the newer assets should provide the necessary momentum for earnings growth. Also, the newer assets would have a better margin profile. In addition, with a diversified revenue stream to include in chartering and commission sale revenues, the revenue cycle seems relatively insulated. We maintain our 'BUY' recommendation on the stock, with a revised price target of Rs 80 over a 15 month perspective, on the back of higher earnings from new assets and prospects of vessel addition which should provide further fillip to earnings," says PINC's research report.

SKP Securities has recommended an accumulate rating on Shriram Transport Finance Corporation with a price target of Rs 247 in its March 27, 2009 research report. "STFC registered more than 60% growth in AUM from Rs 12038 crore in FY07 to Rs 19520 crore in FY08. The growth was mainly achieved due to availability of ready funds to the company. The inflow of funds leveraged company’s brand, customer base, wide reach and strong business model. Going ahead we expect the same factors to drive the growth of AUM to Rs 37619 crore by FY11. STFC being a leader in the financing of the STOs and FTUs, the unique business model will act as a support to survive in the prevailing slowdown and restrict its losses below 2%. We value the stock at 1.50x FY 11E book value implying a price target of Rs 247 (33% upside) in 12 months and recommend accumulate rating on the stock," says SKP Securities' report.

Technical Analyst, Vishwas Agarwal while commenting on the market said, `` F&O Nifty 3,146 is an important hurdle before any further rise in the rally. Trends indicate that market will stop rising at this level and see some correction that could last upto two trading session. After correction there could be upmove once again. 3,076 is an important level that must be sustained at NSE for upmove upto 3,146 level. Agarwal advised, `` During above mentioned correction short selling could be a good option.For Friday TISCO, SBI and Neyveli Lignite look good for trading with self decided stoploss. Earlier recommended stocks like Sterlite Industries, Aban Offshore, Welspun Gujarat and Reliance Industries have shown sufficient rise keeps part profit booking in these stocks with abnormal rise.  

Market Analysis : Buy BRFL>147.5,150,153.65 sl 142 Buy ACC>571.1,1, 578,582,594 sl 565.9 Buy Nitin Fire>176.1,180,183 sl 171.4 Buy Infosys>1381.1,1397,1403 sl 1372 Buy TCS>561.1,577,584 sl 556.9 Buy ABB>412.1,418,420 sl 407.9 Buy ONGC>816.1,828,848 sl 807 Buy Larsen and Toubro>671.1,678,694 sl 662

NPR report:   North Korea is in process of testing 3 stage long ranges Rocket from April 4th till April 8th. External minister from North Korea did mention purpose of testing as putting satellite in orbit. Rocket will be assembling on launch pad which might take around 3 days. Japan on other hand has big concern as rocket will be flying over there territory during this Test launch. Whole world is watching them as the intention for such long range rockets are not yet clear.

NANO tough journey   March 2003: Ratan Tata discloses plans to launch the world's cheapest car at Rs 1 lakh at Geneva Motor Show May 2006: Tata Motors announces setting up Nano manufacturing unit at Singur in West Bengal with initial investment of Rs 1000 crore spread over 700 acres; scaled up to 1,000 acres with total investment of Rs 1,500 crore. Oct 2006: Trinamool Congress opposes Tata Motors' plans to set up factory at Singur, calls 12-hour state-wide bandh alleging forcible acquisition of farmers' land Dec 2006: Violence mars Singur, five hurt in rubber-bullet firing. Mamata Banerjee goes on indefinite hunger strike, which was called off after 25 days following appeals from the prime minister and the president Jan 2007: Land puja offered at Singur car project site Feb 2007: Police-mob clash at Singur Mar 2007: WBIDC signs a 90-year agreement with Tata Motors for Nano plant; farmer commits suicide; Mob attacks proposed site; bomb explosion damages fencing

India's private oil and petrochemicals giant Reliance Industries Limited is set to fold its 70.38%-owned refining subsidiary Reliance Petroleum Limited into itself, after buying back US major Chevron's 5% stake in the latter.      The biggest merger so far in India's corporate history received the go-ahead from the boards of RIL and RPL on Monday and will be take effect retroactively from April 1, 2008. RIL Chairman and Managing Director Mukesh Ambani described the decision as "a significant step in our goal to be among the largest global corporations."      RIL, which is engaged in oil and gas exploration, refining and petrochemicals production, is India's largest private sector company. It ranks 103rd among the world's top 200 companies in terms of profits.      RPL was spun off from RIL in early 2006. It is currently in the final stages of commissioning a 580,000 b/d high-complexity refinery in a Special Economic Zone of Jamnagar in the western stat

Mumbai: Nano, the wheels that millions of Indians have been waiting to drive, hit the roads and waved goodbye to Tata Motors' enduring image as a truckmaker. Although the hatchback Indica, launched in December 1998, helped clear the good-for-only-trucks air surrounding Tata, it was the Nano - the sub-USD 2,500 car - that made the global auto industry stand up and take notice of the company that was set up in 1945 to manufacture locomotives. In 1954, Tata Engineering and Locomotive Co Ltd began manufacturing medium commercial vehicles along with Daimler Benz A.G of West Germany. The Nano, unveiled at the ninth Auto Expo in New Delhi in 2008, is possibly the world's most anticipated car since the original people's car Ford Model T. "The most talked-about car at the Detroit auto show (2008) is a car that isn't here and isn't intended to ever be sold in US showrooms," wrote the 'USA Today' after the Nano was unveiled. Tata Group Chairman Ratan

I.B.M. is in talks to buy Sun Microsystems in a proposed deal valued at nearly $7 billion, a person with knowledge of the negotiations said on Wednesday. The merger, if completed, would be a major consolidation in the market for server computers used in corporate data centers — and one that could prompt an antitrust challenge. For I.B.M., the move would be something of a departure from its successful strategy of paring its dependence on the hardware business, where profit margins have declined, and increasing its investment in higher-margin software and services businesses. But the combination of I.B.M. and Sun , analysts say, would bring together two technology companies that have continued to invest heavily in research and development, when many of their corporate peers have cut back to shield profits. I.B.M.'s research and development budget is about $6 billion a year, while Sun's is roughly $3 billion. I.B.M. has spent generously on research at a time it is thrivi

Tata group's total debt is set to exceed Rs 1,00,000 crore in the current fiscal, but it appears comfortable on the liquidity front, a report has said. "We expect the total debt of the Tata group as of the end of FY'09 (ending this month) at over Rs one trillion, of which Rs 117 billion is due through March 2010," analysts at domestic brokerage unit of financial major Kotak group said. When contacted, Tata Sons spokesperson said, "We are not in a position to comment on such reports. As you are aware Tata Sons does not aggregate the debt of individual group companies as each company is a standalone legal entity and is evaluated accordingly." Increase of more than Rs 30,000 crore in group's overall outstanding debt position from year-ago level of about Rs 70,000 crore is primarily due to its aggressive capital expenditure plans and past acquisitions, the report stated. Analysts, however, noted that Tatas' funding challenges are manageable and d

Tata Consultancy Services, India's top outsourcer, said on Tuesday it had signed a multi-year IT solutions contract with German semiconductor maker Infineon Technologies AG, one of the leading semiconductor manufacturers. The financial details were not disclosed.   Under the agreement, TCS will operate and maintain solutions within the Infineon's Supply Chain Management (SCM) landscape. The contract will help Infineon optimise operations in the area of SCM Planning and achieve improvements in the area of supply chain efficiency. The Infineon SCM Planning operations will be operated out of Munich, Germany and Bangalore, India. Infineon CVP IT & CIO, Michael Schmelmer said, "By focusing on cost effectiveness and customer satisfaction, TCS brings to the table a very compelling delivery model which meets Infineon objectives and provided an excellent opportunity for being a long term strategic partner for IFX." Carol Wilson, VP and Global Head, HiTech Industry Sol

Infosys Technologies Ltd advanced 3.2%. A weaker local currency boosts the value of sales abroad. Satyam Computer Services Ltd jumped 20% after receiving approval to sell as much as a 51% stake in the company. Oil and Natural Gas Corp. Ltd (ONGC) rose after crude prices climbed. The Bombay Stock Exchange's (BSE) Sensex climbed 127.90 points, or 1.6%, to 8,325.82 at the close of trade. The S&P CNX Nifty index on the National Stock Exchange (NSE) added 43.45 points, or 1.7%, to 2,620.15. The BSE-200 index rose 1% to 981.69. S&P CNX Nifty futures for March delivery gained 2.2% to 2,612. The rupee fell 1.1% this week to 51.70 per dollar in Mumbai, according to data compiled by Bloomberg. It touched a record low 52.19 on 3 March. Infosys gained 3.2% to Rs1,219.35. Wipro Ltd climbed 3.2% to Rs213.30. The share prices are composite of BSE and NSE rates. Satyam Computer jumped 20% to Rs42.15. The company at the centre of India's biggest corporate fraud inquiry has receive

While Indian markets have retained a large part of the gains made in the April 2003 to January 2008 rally, long-term returns have started faltering   The premise that in the long-term equities will generate the highest risk-weighted returns is getting challenged with each passing day. In the US, the S&P 500 total returns index has underperformed long-term treasury bonds for five-year, 10-year and 25-year periods. This is based on Ibbotson data quoted by Peter Bernstein in a recent Financial Times article. While Indian markets have retained a large part of the gains made in the April 2003 to January 2008 rally, long-term returns have started faltering. In January 2008, the Sensex index on the Bombay Stock Exchange had delivered an average annual return of 22% based on total returns (capital appreciation plus dividend) for a 10-year period. Its average annual 10-year returns have now halved to 11%. Note that early 2008 as well early 2009 didn't represent an unusually high-l

The oldest outlet of the Majestic Book Depot—as old as the Quit India Movement—hasn't changed much with the passage of time. Since July 1942, this little bookstore in Girgaum Naka, a bustling traditional precinct in south Mumbai, has catered to the city's Marathi bibliophiles. It began life as a hub for tomes and pamphlets on India's freedom struggle; now the life story of US President Barack Obama and Harry Potter books are the hot favourites. But it hasn't grown in size or gone digital. In the age of big retail chains and virtual bookstores, Majestic is a little piece of the city's history and a testimony to the survival of the humble bookstore. Moreover, Majestic's sales figures, along with those of the few other shops in Mumbai selling Marathi books, suggest that the Marathi bookstore is indeed not dead. The store's manager says they sold 18,000 copies of their current best-seller, a biography of Obama by Marathi writer Sanjay Avte, in two months.

The merger of Reliance Industries with Reliance Petroleum will enhance value for shareholders of both the companies and is a major step towards creating one of the largest petrochemical firms of the world, RIL chairman and managing director Mukesh Ambani said. Commenting on the merger, Ambani said : "This merger follows Reliance Industries' philosophy of creating enduring value for all our shareholders. It is a significant step inour goal to be among the largest global corporations". The board of directors of Reliance Industries and its refinery subsidiary RPL today approved the merger of the two firms, creating one of the world's largest petrochemicalentity and offered the shareholders of RPL one RIL share for every 16 shares held by them. Pursuant to the said merger, RIL's holding in RPL would be cancelled and RIL would issue 6.92 crore new shares thereby increasing its equity capital to Rs 1,643 crore.Besides, this would result in a 4.4 per cent increase in equ