Strong & Weak Stocks,
This is list of 10 strong stocks:
Titan, Bharti Airtel, Sintex, Bajaj Auto, Idea, Allahabad Bank, UCO Bank, Tulip, PTC & Educomp.
And this is list of 10 Weak stocks:
RNRL, Maruti, TV-18, Dr Reddy, ABB, Hero Honda, Essar Oil, Indian Bank, Tech Mahindra & ICSA.
The daily trend of nifty is in Uptrend
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| *LTP stands for Last Traded Price as on Tuesday, July 27, 2010 4:04:22 PM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
#1R1 stands for Resistance level 1 @1S1 stands for Support level 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| #2R2 stands for Resistance level 2 @2S2 stands for Support level 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
#3R3 stands for Resistance level 3 @3S3 stands for Support level 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The levels given above are with respect to previous closing price on the NSE / BSE. |
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| Corporate News Headline | |
| • | Asian Paints's consolidated net profit has increased 26.2% to Rs. 2.22 bn in the first quarter this fiscal as against Rs. 1.76 bn in the year-ago period. Sales and operating income is up 25.3% to Rs. 18.30 bn in the reviewed period as against Rs. 14.60 bn in the year-ago period. (BS) |
| • | L&T has reported a 15.2% increase in net profit at Rs. 6.66 bn for the quarter ended June 30, 2010 as compared to Rs. 5.78 bn in the previous quarter a year ago. (BS) |
| • | JSW Steel said it has posted a growth of 26.18% in consolidated net profit to Rs. 2.96 bn for the quarter ended June 30. The company had reported a net profit of Rs. 2.34 bn in the year-ago period. (BS) |
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| Economic and Political Headline | |
| • | The central bank raised interest rates more forcefully than expected on Tuesday in the face of inflation that has held stubbornly above 10% for the past five months. The RBI lifted the repo rate, at which it lends to banks, by 25 basis points to 5.75%, which was in line with expectations, but raised the reverse repo rate, at which it absorbs excess cash from the system, by a steeper than expected 50 basis points to 4.50%. (BS) |
| • | Confidence among US consumers declined in July to a five-month low, a sign the lack of jobs will limit the economy's recovery. The Conference Board's confidence index fell to 50.4 from a revised 54.3 in June, figures from the New York-based private research group showed. (Bloomberg) |
| • | Home prices in 20 US cities rose more than forecast in May from a year earlier as a government tax credit temporarily underpinned sales. The S&P/Case-Shiller index of property values increased 4.6% from May 2009, the biggest year-over-year gain since August 2006, the group said in New York. (Bloomberg) |
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SKS Microfinance Limited (SKS) will enter the capital markets on July 28, 2010 with its initial public offer (IPO) of 16,791,579 equity shares of Rs 10 each at a price band of Rs. 850- Rs. 985 per share, with a minimum bid lot of 7 shares. Of the IPO, a total of 7,445,323 are freshly issued equity shares by the Company whereas 9,346,256 equity shares are offered for sale by the selling shareholders. The retail investors are offered a discount of Rs. 50 on the issue price.
IPO note http://www.indiabulls.com/securities/mailermis/special-reports/IPO_Note_SKS_Microfinance_Ltd.htm
Today Market Update on
http://www.indiabulls.com/securities/mailermis/morning-brief/morning-brief-28Jul2010.htm
Valuation and recommendation: Click here to view IPO Report.
According to our valuation, at a price band of Rs. 850 – Rs. 985, the Company proposes a P/B multiple of 3.5x and 4.1x for FY11E at lower and upper end of the price band, respectively, which is at par to its closest listed peer, S.E. Investments Ltd. Moreover, with a comparable ROA and higher NIM of 4.93% and 13.76%, respectively, against its peer's (SE Investment) ROA and NIM of ~5% and 10.7%, respectively, we believe SKS's issue is attractively priced. Besides the Company maintains high assets quality with a Net NPA of 0.16% for FY10, thus we recommend investors to Subscribe to the issue.
Issue closes on August 02, 2010
| Buy / Sell (Jul 27, 2010) | |||||||
| Buy | Sell | Net | |||||
| FII | 2460.45 | 2483.25 | - 22.80 | ||||
| DII | 1551.03 | 1773.31 | - 222.28 | ||||
*Disclosure: I don't have any positions in the above said scrips & NIFTY FUTURES.
Disclaimer: "I do not make any warranties, express or implied, as to results to be obtained from using the information in this e-letter. Investors should obtain individual financial advice based on their own particular circumstances before making any investment decisions based upon information in this report.
-- Arvind Parekh
+ 91 98432 32381
