Thursday, December 29, 2011

BOOK PROFIT IN APOLO HOSPITAL

Those who buyed Apollo hospital at 500 rate last week can sell it ta 600 level at 20% profit and sit with cash on hands

Thursday, December 15, 2011

BUY APOLLO HOSPITAL AGAIN

Hi friends,those who book profit in Apollo hospital at 650-700 rate can once again buy Apollo hospital as valuations have come attractive.Wait for a target of 600 on the scrip in next few weeks

RBI TAKES ACTION TO CURB RUPEE


The Reserve Bank of India on Thursday sold dollars through public sector banks and announced steps to curb speculation in the foreign exchange market by banks and corporates as it intervened to pull back the rupee from an all-time low of 54.3 against the dollar and help it close at 53.65.

After market hours, RBI also announced a reduction in trading limits for banks. It added that forward contracts by businesses and foreign institutional investors, once cancelled, cannot be rebooked.
As rupee continues to fall, RBI said banks must square up their dollar position by the end of the day. This has been enforced by reducing the net overnight open position limit for banks. On forward contracts, RBI said all such deals booked by both exporters and importers will henceforth be on a fully deliverable basis. If any participant is forced to contract the forward contract, he will not be eligible to receive any exchange gain.

The restrictions in trading limit in forward contracts come in a week in which the rupee has seen its sharpest declines. The currency, which closed last weekend at 52.04, had fallen to 54.3 by noon on Thursday. During the current year, the currency has fallen by more than 18%. Many traders said the rupee would have hit 55 against the dollar if the RBI had not stepped in. The sharp depreciation has made crude imports more expensive and threatens to add to inflation which has only now started showing signs of easing. Forward contracts are deals to sell the dollar at a fixed price in future. Exporters and investors enter into such deals to hedge against the risk of any sharp movement in the currency.

RBI's hand was forced as negative expectations were turning out to be self-fulfilling. The central bank acted only a day ahead of its mid-term policy review on Friday when it is expected to announce its monetary stance for the current quarter. RBI is widely expected to keep key rates unchanged after industrial production dipped 5.1% in October. "These are short-term measures which market participants understand are aimed at stabilizing the market," said Ashish Vaidya, head of fixed income, currency and commodities trading, at UBS. He added that while the rupee was expected to firm up, liquidity in the forex markets would reduce.

Tuesday, December 13, 2011

India: Digitisation Positive for Cable TV

The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers.
The much-awaited Cable TV Networks Regulation Amendment Bill was finally passed by the Lok Sabha on Tuesday paving the way for the next digital wave in the country.

The move will cheer investors of DTH operators and Multiple System Operators like Den Network and Hathway Cables.
The Bill aims to digitise India's vast cable TV network by the end of 2014.
The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers
With this Bill being passed, nearly 80 per cent of the subscribers who are under-declared in the analogue regime will be forced to go digital, translating into higher revenues across the chain.
The move is also expected to benefit broadcasters as it will help derisk their revenue base by increased subscription revenues through advertising revenues. While this move is expected to be a win-win for all stakeholders, it has faced stiff opposition from Local Cable Operators who will be compelled to allign with MSOs.

With digitization, viewers stand to benefit with more number of channels and better quality viewing. But with the capital requirement for digitization estimated at Rs 20,000 crore, it is going to be a cash guzzling task.

SO I RECOMMEND HATHWAY CABLES AT Rs.110 FOR A TARGET OF 240 WITH A ONE YEAR PERSPECTIVE AND DEN NETWORK AT Rs.40 FOR A TARGET OF RS.250 IN COMING YEARS

Infosys topples RIL as most influential stock on bourses

Billionaire Mukesh Ambani-led Reliance Industries Ltd has lost its position as the Indian stock market's most influential individual company to IT major Infosys, following a recent plunge in its share price.

Measured in terms of its weightage on the key barometer index of Indian stock market, the Sensex, RIL had been enjoying its position as the most influential stock for many years and the movement in its share price has been crucial for any major fall or rise in this index.

However, RIL has now slipped to second position after Infosys in terms of its Sensex weightage, which is measured by the market value of a company's free-float or non-promoter shares that can be freely traded in the market.

Mumbai: Billionaire Mukesh Ambani-led Reliance Industries Ltd has lost its position as the Indian stock market's most influential individual company to IT major Infosys, following a recent plunge in its share price.

Measured in terms of its weightage on the key barometer index of Indian stock market, the Sensex, RIL had been enjoying its position as the most influential stock for many years and the movement in its share price has been crucial for any major fall or rise in this index.

However, RIL has now slipped to second position after Infosys in terms of its Sensex weightage, which is measured by the market value of a company's free-float or non-promoter shares that can be freely traded in the market.
Infosys topples RIL as most influential stock on bourses
Reuters

At the end of Monday's trade, Infosys was the top-weight Sensex stock with a weightage of 10.25 per cent, pushing RIL to second slot with a weightage of 10.08 per cent.

Similarly at the NSE's Nifty index, another barometer of Indian stock market, Infosys was the top-ranked stock with a weightage of 9.13 per cent, followed by RIL's 8.48 per cent.

The weightage of a stock on these two indices changes daily as per the change in the market value of their shares.

According to market analysts, Reliance's replacement has not come as a surprise, the stock has been under-performing the market barometer Sensex for quite sometime.

On a group-basis, RIL had slipped to third slot in June this year, in terms of a corporate group's influence in moving the stock market benchmark Sensex, after HDFC and Tata groups.

HDFC Ltd and HDFC Bank together carry a weightage of over 13 per cent in the Sensex, while four Tata group firms on the index (TCS, Tata Steel, Tata Motors and Tata Power) command a weightage of close to 11 per cent.

RIL stock has crashed by 31 per cent so far this year, while Infosys' loss has been smaller at 21 per cent in this period. Also, the decline in Infosys has been slightly lower than that of 23 per cent drop in the Sensex so far this year.

As a result, RIL's free-float market value, or the value of RIL shares held by public shareholders, stood at Rs 131,091 crore, which was lower than that of Infosys at Rs 133,305 crore as on Monday.

However, RIL remains bigger than Infosys in terms of the overall market value, including the promoter shares.

RIL's total market value stood at Rs 238,347.37 crore as on Monday, as against Infosys' 156,829.22 crore.

RIL is the country's most valued firm, followed by TCS, ONGC, Coal India and Infosys in the top-five.

Interestingly, another IT giant Wipro, which once occupied the position of the country's most valued company, also moved back into the top-ten league on Tuesday.

Wipro commanded a market cap of Rs 1,02,343 crore in the mid-day trade on Tuesday at the BSE.

At the end of Tuesday's trading session also, Infosys retained its lead over Reliance Industries with a higher weigthage in the Sensex and Nifty.

Infosys commanded a weightage of 10.25 per cent on the Sensex, as against RIL's 10.20 per cent at the close of Tuesday's market hours.

On the Nifty index also, Infosys' weightage stood at 9.1 per cent, higher than RIL's 8.59 per cent.

Tuesday, December 6, 2011

Dhanam

Dhanam

ENJOY RISE IN APOLLO HOSPITAL



Hope u all will remember my buy call on Apollo hospital.I recommended to buy Apollo hospital at 500 range.now it is trading at 700.

Thursday, December 1, 2011

BUY EVERONN SHORT TERM PROFIT


Chennai-based Everonn Education Ltd has got market regulator Securities and Exchange Board of India's (Sebi) clearance for its open offer to Dubai-based Varkey Group, which was scheduled to open on November 16. Through the open offer, the Varkey Group was planning to acquire another 20 per cent stake in Everonn, for Rs 237 crore.

Managing director P Kishore confirmed the development, but did not comment more on the offer.
A public announcement for the offer was made in September, when Kishore was in judicial custody. He was arrested on August 30 by the Central Bureau of Investigation, which alleged he was trying to bribe an income tax official to conceal taxable income of Rs 116 crore. He was granted bail on October 4.

In the same month the Varkey Group, through its education arm, Gems Education, acquired 12 per cent (261,800 equity shares) in Everonn through a preferential allotment for Rs 138 crore. After the acquisition of these shares, the group will become Everonn’s largest shareholder, with 32 per cent stake in the company.
SO I RECOMMEND TO BUY EVERONN AT 350 RATE FOR A SHORT TERM TARGET OF 390-420-460

BUY EVERONN FOR SHORT TERM

SIGNALS OF COOLING DOWN FOOD INFLATION

Food inflation witnessed a sharp moderation to 8 per cent for the week ended November 19, though prices of most agricultural items, barring potatoes, onions and wheat, continued to rise on an annual basis.

Food inflation, as measured by the Wholesale Price Index (WPI), was 9.01 per cent in the previous week ended November 12. It stood at 9.03 per cent in the corresponding week of the previous year.

According to data released by the government on Thursday, onions became cheaper by 40.65 per cent year-on-year during the week under review, while potato prices were down by 10.98 per cent. Price of wheat also fell by 4.71 per cent.
Food inflation drops from 9.1 pc to 8 pc
However, all other food items grew more expensive on an annual basis.

Pulses became 13.80 per cent costlier during the week ended November 19, while milk grew dearer by 11.41 per cent and eggs, meat and fish by 13.55 per cent.

Vegetable prices were up by 5.13 per cent year-on-year. However, this marked a substantial slowdown in the inflation rate in comparison to the past few months, when prices of vegetables had witnessed double-digit growth.

Fruits also became 7.98 per cent more expensive on an annual basis, while cereal prices were up 1.97 per cent.

Inflation in the overall primary articles category stood at 7.74 per cent during the week ended November 19, as against 9.08 per cent in the previous week. Primary articles have over 20 per cent weight in the wholesale price index.

Inflation in non-food articles, which includes fibres, oilseeds and minerals, was recorded at 2.14 per cent during the week under review, as against 4.05 per cent in the week ended November 12.