STOCK BUZZ

Left sources say that the Left has taken a decision to withdraw its support to the UPA. It will issue a formal statement on withdrawal of support shortly. The Left will approach the President tomorrow. If the nuclear deal goes ahead, companies like L&T, BHEL, NTPC, Areva T&D, Alstom Projects, Rolta, HCC, ABB, Crompton Greaves, Siemens stand to gain. L&T L&T has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 MW Kudankulam nuclear project. The company will get into mainstream nuclear projects if the deal goes through. L&T’s talks with Toshibha failed. It entered into a recent tie-up with Mitsubishi for super critical boilers. The Mitsubishi technology would be used for Nuclear Power Corp. L&T may leverage its relationship with Mitsubishi for its other nuclear business. BHEL BHEL supplies up to 500 MW of equipment to Nuclear Power Corp. It is looking for a tie up manufacturing equipment of up ...

Buy for June 6th 2008 Buy Dr Reddy>710.2,717,734 Stop Loss 706 Buy Reliance capital>1167,1198,1242 Stop Loss 1159 Buy Chambal fertilisers>83.5,85,87 Stop Loss 82 Buy Power Grid>90.1,91,95 sl 89 (stock can be accumulated). .

Buy Tata Power 1170, 1180, 1190. Sl 1000. This stock is trading at midpoint of its 52 week high and low. The market will continue to see corrections with hike in fuel price and also with fall of Rupee compared to US dollar. The power stocks are falling and so are relatively cheaper now. The market will continue to limp for next couple of months. We will continue to rate few good companies that we think are good buys. Buy and hold Tata power for at least 4 to 6 months. We will post another rating in few months.

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...

The World Bank on Wednesday approved a $600-million loan to power transmission giant Power Grid Corporation of India (PGCIL) to strengthen the electricity transmission system to increase reliable power exchange between regions and states. The Power System Development Project -IV of PGCIL aimed at reducing transmission losses would help cut cost of energy through further investments in transmission systems. The project is expected to allow the transfer of power from surplus hydro electric power states to power deficient regions and help creating power generation facilities. India's growth potential is constrained by inadequate electricity services and limited power generation and supply infrastructure. Over 40 per cent of the population is without electricity, and the cost of erratic and insufficient power supply is high for industry as well as households, which causes 60 per cent of Indian firms and a large percentage of homes to rely on captive generation. "India's policy...

In what could transform into the biggest public-private joint venture in the power sector, public sector Bharat Heavy Electricals (Bhel) and Reliance Power (RPL) are exploring possibility of a tie-up for equipment manufacturing. Reliance Power recently announced its intention to venture into power equipment manufacturing. The company, which is part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), is in talks with the public sector engineering major to leverage its expertise in manufacturing. Bhel and Reliance Power would have equal equity partnership in the proposed special purpose vehicle (SPV). “Initial talks have taken place between top officials of both the companies and a high level meeting between officials of Reliance Power and Bhel is also likely this week to finalise the road map for the proposed venture. The venture is likely to be implemented by an SPV where both the companies would have 50:50 equity partnership,” an industry source close to the development said. When c...

Reliance Power, the flagship power company of the Anil Dhirubhai Ambani group, has struck a deal to buy out a coal mine in Indonesia located in South Sumatra. The valuation of the coal mine, based on its reserves, is estimated to be around Rs 20,000 crore. The company is expected to announce its acquisition in a day or two. The Coal mine has resources of 2 billion tonnes and is spread over 100,000 acres, equivalent to greater Mumbai. he greenfield coal mine, a discovered asset, will be the prime source of fuel for Reliance’s power project in Krishnapatnam in Andhra Pradesh. It is estimated that the Krishnapatnam ultra mega power project would require about 14 to 15 million tonnes of coal every year. Experts say that this coal mine could be compared to one of the largest coal mines in India — the Gevera coalmine — in Chhattisgarh which has reserves of 1.2 billion tonnes and is producing around 35 million tonnes annually. Given that the acquired mine has resources of 2 billion tonnes, it...

Buy for Feb 21 ( Power Grid Corporation ) Buy Power Grid Corporation ( 100, 100.40, 101 Stop Loss 99 )

Investors in Reliance Power, which staged India's biggest public offering last month, could receive bonus shares to compensate them for sharp falls in its stock price. The proposed bonus share issue for minority investors is unusual for a publicly listed company. It appears aimed at restoring trust in the group's holding company, Reliance Anil Dhirubhai Ambani Group, which is controlled by Anil Ambani, the billionaire businessman. Shares in Reliance Power have plunged 15 per cent from its IPO price of Rs450 since trading began on Monday last week, following a 20 per cent fall in the broader market. At one point they fell by as much as 25 per cent. The company yesterday alleged that "unscrupulous rival corporate interests" had conducted a "vicious and orchestrated campaign" of market manipulation to undermine its offering. "Reliance Power has formally written to the Securities and Exchange Board of India seeking an investigation," the group said, wi...

Buy for Feb 7th 2008 Buy NTPC > 217.1,221,225,234 Stop Loss 212.5 (can be held as delivery for 6 months target of 260+)

Today Market will be really good. Good day for Intraday and long term trader. Buy for Feb 5th 2008 ( Power Grid Corporation, TCS )

1. Reliance Energy is planning to raise Rs 10,530-11700 crore via an IPO. 2. IPO opens from 14 Jan-18 Jan 3. The market capital of the IPO is expected to be 1 lakh crore. 4. Price band Rs 400-Rs 450 5. 228 crore shares are being offered to public through this IPO. And here is the rest of it.

t's power play of a different kind and one that many companies including Reliance Industries and Tata are betting on. We're talking about solar power. Why everyone's betting on the sun? CNBC-TV18 report finds out... Bangalore-based solar power generation company, Tata BP is looking at doubling its capacity to 60 MW annually. Moser Baer is expected to start generation of solar power of 100 MW capacity by mid-2008. Sources informed CNBC-TV18, Reliance Industries, which is in the midst of setting up its 10 MW solar power plant in West Bengal, is also looking to hike capacity to up to 1000 MW per annum. Reliance declines to comment on that but it is clear that there is renewed interest from India inc in this sector. Said Charles Gay, VP, Applied Materials, "Solar market will be growing at the rate of 30% per year in the next few years. In the past 10 years, the average growth rate has been 40%. " That growth comes at the back of reducing costs. And the price of solar ...

BGR Energy Systems Limited, a supplier of systems and equipment for the power, oil & gas, refinery, petrochemical and process industries, and a provider of turnkey engineering project services engaged in engineering, manufacturing, procuring, constructing and commissioning projects in the power and oil & gas sectors, proposes to enter the capital markets on 5th December 2007 with a public issue of 9,136,000 equity shares of Rs 10 each through 100% book building process. The Issue will consist of a fresh issue of 4,320.000 equity shares and an offer for sale 0f 4,816,000 equity shares by Mr. B.G. Raghupathy and Ms. Sasikala Raghupathy (The selling shareholders). The Issue closes on 12th December 2007 and the price band has been fixed at Rs 425 to Rs 480 per equity share. The net issue to the public will be 8,636,000 equity shares after allowing for reservation of up to 500,000 equity shares for eligible employees. The issue would constitute 12.69% and the net issue will constit...

It could be interesting if Reliance Power has made up its mind that they will go with Rs 10 issue. Reliance Power IPO is probably a big marky event for the market because I think some people maybe underestimating the kind of rub off in terms of sentiment that issue might have. It is a big issue, it's from Reliance, it has been talked about endlessly and it has fired up the one sector which is leading the market which is power and we do not know whether this is the case we are only discussing a news report. If indeed it is a case that Reliance said okay I am finding it difficult to push through my Rs 2 face value offer, Sebi is more or less saying no; so let me go ahead with Rs 10 so what if the price is Rs 400 a share. But I will still go ahead with it at Rs 10 face value and if that means that in the next few weeks Reliance Power gets its issue done. I think it is positive from a sentiment point of view and it will probably much that it will suck out a lot of liquidity from the sy...

Buy Torrent power for day trading for a target of 149. Buy it above 135.1 with stop loss 131.9 CNBC has predicted a 8% rise in Infosys profits and Infosys has hedged itself by increasing its work in Europe. Buy MindTree >506, 519, 524, 539, 543 Sl 494.9 Buy Wipro >493, 500, 511 Sl 488.9 Buy HCL Tech >323, 325, 330 Sl 319.9

Buy NTPC at current level. This stock was moving up a few days back but now its taking breather . This is right time to buy NTPC if you are looking for Long term .

India’s principal power transmission company, Power Grid Corporation of India will list on the bourses with public issue shares on Friday, October 5, 2007. Analysts told Moneycontrol.com that the stock may list above Rs 85 and advised to hold the stock for short term. S P Tulsian of sptulsian.com said, "Power Grid Corporation is likely to list at Rs 85 on Friday. Buying is advised below Rs 80, while allottees are advised to hold the stock for 2-3 months." According to R S Iyer of KR Choksey Securities, "The stock is expected to list at around Rs 85-90. It also could see three digit mark on the back of huge buying for long term. But for the time being, investors, who got allotment, can book profits above Rs 95." "Power Grid may open at around Rs 82 and advised to hold for long term. It looks attractive with short to long term perspective as there is no major competitor to the company", said Manish Bhatt of Prabhudas Lilladher. Arpit Agrawal, Head of Researc...

Book Profit on Indowind and Buy NTPC As it was the case with any IPOs, which came at higher valuations, it is the same as Indowind Energy also and the stock also has substantially moved up. The investor having got the stock at Rs 65 should look for profit booking at these levels. If one is looking for any kind of alternative investment from long-term perspective, may be one can look at NTPC which I feel is going to be a multi-bagger from a long-term perspective.

Source : MoneyControl The IPO investors in the Indowind Energy Limited, a wind power project and green power company, have gained 80.76% on the very first day of listing on stock exchanges here today. The equity opened on BSE at Rs 80.25 against the issue price of Rs 65 and it shot up to Rs 124.50 intraday before closing for the day at Rs 114.05 with a trading volume of 40.39 million equity shares. On NSE it opened at Rs 75 and moved up to Rs 124 before closing for the day at Rs 117.50 with a trading volume of 48.41 million equity shares. UTI Securities Limited was the BRLM, Canara Bank was the Co-BRLM and Keynote Corporate Services Ltd was the Advisor to the Issue. Indowind Energy Limited, a producer of wind power (`Green Power') and suppliers to its customers including State Electricity Boards and Corporates, is currently in the process of implementing additional capacity of 9 MW Wind Farm Project at Chitradurga in Karnataka. It also proposes to purchase Hydraulic cranes and ac...