Money Tree

PREVIOUS TIPS

We recommended ICICI Bank on 17th April at Rs. 563 and yesterday it touched Rs. 595.

Read the rest of this entry »

TODAY’S TIPS

Share : Supreme Petrochemicals
Yesterday the stock was closed at Rs. 24.65. Buy it around Rs.24, the stock should start moving towards a target of Rs. 30.

PREVIOUS TIPS

Last monday on 10th April we had written here that the markets will be in the state of consolidation and not to take any fresh positions. We also recommended our clients to book profits. And the markets fell sharply during the week. Our clients and readers made timely exit.

Read the rest of this entry »

Stanchart Enterprise Equity Fund

Issue open : 19th April to 16th May
Objective : To invest in equity and equity related instruments.
Type : Close ended
Plan : Growth and dividend
Entry load : Nil
Exit load : upto 3%
Fund Manager : Kenneth Andrade

INDUSTRY : AUTO ANCILLARY

The company is engaged in manufacturing of auto engine parts. With an upcoming boom in auto sector, auto parts will be in huge demand. This company has been hot pic for a number of Mutual funds which have entered at above 200 levels.
It has a strong support at 185 levels. The stock can be picked up at around 190 levels. For 2005 the turnover was Rs. 271 crores and net profit was Rs. 26.60 crores.

INDUSTRY : CEMENT

The company’s 62% turnover comes from cement and around 23% turnover comes from its sugar business. The company has been posting consistent performance in the past years. Because of this year’s budget emphasis on infrastructure development and boom in housing and property sector and due to increase in prices of cement the company is expected to post good numbers in the next two three years.
The stock price has not rallied as compared to other cement stocks like ACC and shree cements. Last year the company had a turnover of Rs. 451 crores and net profits of Rs. 31 crores. The company has only 77 lacs shares of face value of Rs. 2 per share. The last year’s EPS was Rs. 39. Perhaps this stock has the cheapest PE in the cement industry. (Shree cement has EPS of Rs.8.87 and its CMP is Rs. 1093, ACC has EPS of Rs. 19 and its CMP is Rs. 963)
The stock can be picked up below 340 levels.

PREVIOUS TIPS

We recommended KEI Industries on 30th March at Rs. 375 and yesterday it touched Rs. 527.

Read the rest of this entry »

On 10th April Shivalik Global Ltd. was listed in two categories. One Fully paid up (Rs. 10) and one partly paid up (Rs. 5) The fully paid up scrip (issued at Rs. 60) was closed at Rs. 82.55 and the partly paid up scrip (issued at Rs. 30) was closed around Rs. 28. Logically the partly paid up scrip should be around Rs. 40 but perhaps the market has discounted the time involved in paying up the call and making it fully paid up.

Read the rest of this entry »

Lokesh Machines Ltd. :
Open: 07-4-06 to 13-4-06
Face Value : 10
Price Band: Rs. 130-140
Bid Lot: 50 equity shares

Read the rest of this entry »

There are only 3 working days in this week. Some consolidation is expected during these three days. Avoid taking fresh positions at present, wait for a minor correction and re-enter the marker.

Read the rest of this entry »