Money Tree

The stock markets shall remain open on saturday 29th April 2006 from 10.30 a.m to 1.30 pm.

Yesterday SEBI had barred 24 key operators from stock market and 12 DPs have been barred to open fresh demat accounts.
This news shall have a temporary effect on the markets, markets are expected to fall today, but this will be temporary as actually the news is positive for markets for SEBI seems to have taken stringent action against the culprit of the IPO scam. If the market falls sharply, take it as an opportunity for buying stocks at lower levels.

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TODAY’S TIPS

Share : Birla Power Solutions Ltd. (BSE)
The stock has come down to Rs. 37 yesterday. Buy it around this level, the stock will bounce back very soon.

The market is expected to remain bearish for this week. Fresh buying may take place in the begining of next week. Keep a watch on select stocks and try to pick up some oversold stock during falling prices.

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Liberty shoes quarterly results were out yesterday, the company has posted 101% increase in net profits for the year 2005-06 (unaudited) as compared to last year. However Net sales were reported to have increased by 15%.

TODAY’S TIPS

Share : Geometric Soft
The company has announced tremendous results. On Friday the stock was closed at Rs. 127.25. The stock should zoom in the next few days. Buy it at this price, 150 is the short term target.

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INDUSTRY : PETROCHEMICALS
CMP : 53.75

The company is in the business of supply of LNG. With LNG coming up as a substitute for naphtha, an industrial fuel (since the LNG is cheaper than Naphtha) the company will see a huge industrial demand for its LNG in the years to come.
The company has turned into profits this year. Last year the company had a turnover of Rs. 1945 crores and a net loss of Rs. 28 crores. For the year 2006 the company is expected to post sales of more than 3500 crores and net profit of around 200 crores.

INDUSTRY : PHARMA
CMP : 111

The company’s last year’s (2005) EPS was 33 (with total turnover of 360 crores and net profits of Rs. 60 crores) and is expected to increase its numbers in the current year. The company has been posting consistent growth year after year. The stock is available at a very low PE ratio.

PREVIOUS TIPS

We recommended Reliance communication ventures on 17th April at Rs. 272 and yesterday it touched Rs. 304.

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PREVIOUS TIPS

We recommended GVK Power & Infrastructure on 17th April at Rs. 250 and yesterday it touched Rs. 283.

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