STOCK BUZZ

Stock Market : Budget is going to be announced today. It is highly probable that bulls may take lead as industry is not expecting much from the budget and even if it is a normal budget one can hope to see the market rally. Buy Satyam >451.1, 453.8, 461 Stop Loss 446 Buy Bank of India >357.1, 360, 362, 379 Stop Loss 349.5

Buy for Feb 28th ( Crompton Greaves ) HEM Securities has maintained buy rating on Crompton Greaves with target price of Rs 396 in its February 26, 2008 research report. "The company has tied up with Dutch firm Lemnis Lighting for launching LED lighting products. The alliance with Lemnis Lighting in the area of solid-state lighting would usher in latest technology from the house of Lemnis supplemented by the strength of Crompton Greaves in application engineering and integrated solutions. The use of solid-state lighting has innumerable benefits and also addresses the issue of energy conservation. The company alliance with the Dutch firm will provide new state of technology which will help the company in strengthening its product line. The company with the sizeable business opportunities in the domestic market supplemented by increasing contribution from overseas subsidiaries lead to high earning visibility for the company. The company business strategy has not only led to ...

The IPO of the state-run Rural Electrification Corporation (REC) got subscribed 27.91 times with an overwhelming bidding for 435 Crores equity shares. Qualified Institutional Buyers (QIBs) segment of the IPO subscribed of about 39.30 times. Non Institutional Investor (NII) of about 27.12 times. REC is offering 156.12 million shares through the IPO at a price band of Rs 90-105 a piece. At nearly 28 times the issue size, the IPO has received bids worth nearly Rs 45,000 crore. Allotment expectation is 120 to 130 shares for the application of 1 lakh (maximum) in the retail category. Allotment is due on March 07 and refund process will start from March 10.

Buy for Feb 27th ( GDL, HCL Tech ) Buy GDL >117.1,120,124 Stop Loss 115.5 Buy HCL Tech >295.1,297,300,305 Stop Loss 291 GDL stock can be held as a delivery.

Buy for Feb 26th ( RNRL ) Buy RNRL at dip and hold for delivery for next 2 to 3 months. Target Rs 200

Reliance Power The Reliance Power Board has approved a bonus issue of 3:5 shares, which essentially means that the company will issue 3 shares for every 5 held. Chairman, Anil Ambani says that the bonus share issue is only for non-promoters. The company says that the number of retail shareholders have increased in the last 10 days. The b onus is said to reduce IPO cost to Rs 269 for retail investors, t o protect dilution of REL stake in Reliance Power. REL will be compensated by making up 2.6% from Ambani's own stake. Ambani said that his personal stake in Reliance Power has been diluted to 40% versus 45%. He added that the p ublic will hold 15% in Reliance Power.

IRB Infrastructure Developers Limited IRB Infrastructure Developers Limited is going to list on monday, Feb 25.The company issued shares at a price of Rs. 185 Per share (Face Value ofRs. 10/- and Premium of Rs. 175) in the recently concluded IPO. In the good market conditions it will list around Rs 235 to Rs 250. It can see the intraday levels of Rs 270 to Rs 285. One can book profit at Rs 250.Otherwise, Investors can hold the stock for better price in short term. BSE Scrip Code is 532947 and NSE symbol will be ‘IRB’. The ISIN Code of thecompany is INE821I01014.

Tulsi Extrusions Limited Tulsi Extrusions Limited will be list on Monday, Feb 25. The company issued shares at a Price of Rs. 85 Per share (Face Value of Rs. 10/- and Premiumof Rs. 75) in the recently concluded IPO.In the good market conditions it will list around Rs 90 to Rs 95. It can see the intraday levels of Rs 105 to Rs 110. We may see some price manipulation on the listing day and if the stock shows unusual pricemovements, it is strongly advised to book profit at higher levels. NSE Symbol will be’ TEL’ and BSE Scrip Code will be 532948. The ISIN Codeof the company is INE474I01012.

1. One can buy Indo Asian Fusegears at present price of Rs 110+ as company is linked to growth sectors like power and construction and I can assure all that one will not see a slowdown in these sectors in times to come. 2. Indo Asian Fusegears has eight plants in North India and majors projects in Dubai and Germany. 3. Indo Asian Fusegears has good marketing and distributors arm. I can only visualise the risk in form  an economic downturn or slowdown in sanctioning of power projects.

Apply for Rural Electrification Corporation Limited IPO > Feb 22nd last day for application. Rural Electrification Corporation Limited IPO : In the good market conditions, expected subscription could be around 5 to 7 times in the retail category. Subscription will be better in the HNI & QIB category then retail.

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

Recap : Kalindee rail gave a profit of Rs 17 for every share bought as per the recommendation given. Buy for Feb 20th ( Gitanjali gems, KS oils) Buy Gitanjali gems >303.1,308,314 Stop Loss 299 Buy KS oils >86.2,89,94 Stop Loss 82

Buy for Feb 19th 2008 ( Kalindee rail & Gujarat Apollo Equipment ) Buy Kalindee rail >425.1,430,433,440 Stop Loss 422 Buy Gujarat Apollo Equipment >261.1,280,300 Stop Loss 257

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 18th Buy Satyam >455.1, 465,470 Stop Loss 449 Buy Ranbaxy >397.1,399.9,405,414 Stop Loss 390 (can be held as delivery) Buy ONGC >1035.1,1054,1074,1100 Stop Loss 1029

After yoga and meditation, it is now designer smiles, fresh crowns and tooth implants, which promise a refashioned “nirvana” for an increasing number of foreigners and non-resident Indians (NRIs) visiting the city. Its the new form of Outsourcing. India has recently become a major tourist hub of dental care solutions. You can have your teeth fixed and make your holidays memorable without getting a hole in your pocket. Doaba region emerges as a hub of dental tourism. As dentistry gets a new edge with state-of-the-art technology, a large number of NRIs, mostly hailing from the Doaba region of the state, better known as the NRI belt, are thronging the city for specialised dental treatments at affordable costs. The NRIs mostly club their travel with treatment. “There is great potential in dental tourism in India. Patients from West Asia, Europe, the US, Canada and Africa are visiting the city for various dental treatments. Even though such procedures are available in the West, the cost fac...

Pipavav Shipyard Pipavav Shipyard files IPO papers, to raise $ 200m Pipavav Shipyard has filed IPO papers with market regulator, Sebi. The company will dilute 10% stake through this issue, reports CNBC-TV18 quoting sources. It will raise USD 200 million and valued at USD 2 billion. Punj Lloyd holds 25% stake in Pipavav Shipyard Pre-IPO. It had bought 25% stake for USD 100 million and that stake now valued at around USD 450 million.

Buy for Feb 15th ( RNRL ) RNRL has good potential and one can hold for 5 to 6 months with target of Rs 240 /-.

Buy for Feb 14th 2008 Buy Satyam Computer >433.1, 439,447 Stop loss 428.5 Buy ICICI bank >1103.1,111, 1124 Stop loss 1097 Buy SAIL >202.1,205,2109.9 Stop loss 198.5

Market Position : Satyam Computers gave a profit of Rs 75/ Buy for Feb 13 ( ICICI Bank ) Buy ICICI bank > 1068.1,1070,1088,1109 Stop Loss 1062 And here is the rest of it.

Market Outlook : ONGC did not reach the entry price. ICICI bank gave a profit of Rs 24. As suggested Reliance Power dipped below its issue price. No body in his wildest dream would have had thought of Rpower cosing at 370/- on the day of listing. Buy Satyam Computer >425.1,440,450 sl 420

Keep eye on Reliance Power listing today. Buy for Feb 11th 2008 Buy ONGC >1001.1,1015,01034 Stop Loss 994 Buy ICICI Bank >1076.1,1094, 1100,1123,1176 Stop Loss 1068 And here is the rest of it.

IPO News Rural Electrification Corporation Limited IPO : Rural Electrification Corporation Limited IPO opens Feb 19 and closes on Feb 22. Price band - Rs 90/- to Rs 105/- Per Equity Share. CRISIL has given grade 3. Reliance Entertainment IPO : Reliance Anil Ambani group is now coming up with Reliance Entertainment IPO. Reliance Entertainment will file DHRP with SEBI after the budget 2008. KNR Constructions Limited IPO Allotment : Allotment expectation is 525 (firm) shares for the application of 1 lakh (maximum) in the retail category. KNR Constructions Limited - allotment is due on 12 Feb. Shriram EPC Limited IPO Allotment : Allotment expectation is 320 (firm) shares for the application of 1 lakh (maximum) in the retail category. Shriram EPC Limited IPO - allotment is due on 14 Feb.

Are you an investor who juggles money from one initial public offering (IPO) to another? Last week’s events in the IPO market might have left many of you puzzled. Wockhardt Hospitals Ltd, despite reducing the price and increasing the time period of the IPO, has scrapped the IPO because it couldn’t raise the desired amount from the float. Emaar MGF Land Ltd, which initially planned to offer its shares in a price band of Rs610-690, brought it down to Rs530-630 in two tranches. Not only this, because of the lacklustre response, it extended the time period of the issue by three more days and then finally, on Friday, scrapped its $1.64 billion (Rs6,478 crore) initial sale of shares following poor investor demand. It’s not the first time this has happened. In August, Puravankara Projects Ltd, another real estate company, had to reduce the price band by 20% from Rs500-525 to Rs400-450, and extend the issue by three days. In May 2006, Deccan Aviation Ltd, the low-cost airline carrier, had to r...

Wockhardt Hospitals withdraws its IPO due to poor response, reports CNBC-TV18. It plans to refund the IPO money in 15 days. Over the past few days, CNBC-TV18 has been telling you how the Wockhardt Hospital IPO has been on a sick bed. Tonight , it seems there is little left to breath life into it. Sources tell CNBC-TV18 that the company has pulled the plug on the issue. This is just the thing that you do not want hear, if you are an investor. Poor market conditions are being sighted as the reason for the IPO pullout, which has gone on for a period of eight days. That has left a very sour taste in the mouth of investors and that too from a high quality management. The reason cited doesn't hold much weight as other IPOs going through the same market conditions, like IRB, have been subscribed over four times. We made the same point yesterday, when Emaar MGF actually asked for an extension late Wednesday evening for its IPO. There are concerns on valuations and people are seeing that. I...

Recap : NTPC gave a profit Rs 3/- for every share traded. Buy Ispat industries >48.1,50, 52 Stop Loss 46

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+)

Buy for Feb 6th 2008 Buy GMR Infra >188.1,192, 199 Stop Loss 185.9 Buy Polaris Software >92.5,94.5,99 Stop Loss 88.84.

IPO NEWS Reliance Power Allotment : * Reliance Power listing date - 11 Feb. * Click here to check your allotment status. * Rs 71,000 crore was disbursed to unsuccessful applicants by HDFC Bank on a single day on Friday. Reliance Telecom Infrastructure (RTIL) IPO : * Reliance Telecom Infrastructure (RTIL) is planning up to raise nearly Rs 5,000-6,000 crore through an IPO. * Reliance Telecom Infrastructure is going to file the draft red herring prospectus with Sebi this week. And here is the rest of it.

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

Buy for Feb 4th 2008 Buy Tata Motors >760.1,773,793 sl 753 Buy Tata Steel >781.1,792,808 sl 776