Rama Newsprint and Papers has some support at Rs 39. So since one is already invested in the counter, one definite strategy is keeping a stoploss below Rs 39. A very clear long term resistance which comes in for the stock is at Rs 47, and I think that’s what is really going to give the stock a long term direction. If at all Rs 47 gets taken through maybe in the next one or two weeks, one could be looking at a target range between Rs 55-58."
BUY TITAN INDS INTRADAY TRADING MARGIN CALL AT 840 TARGET 853.50 & 860 STOPLOSS 835
29-dec-2006 10:32
BUY PARSVANTH DEVELOPERS FUTURES AT 453 TARGET 463.50 & 468 STOPLOSS 448 (PARDE)
29-dec-2006 10:24
BUY CENTURY TEXTILES INTRADAY TRADING MARIGN CALL AT 735.50 TARGET 744.50 & 750.50 STOPLOSS 731
29-dec-2006 10:17
BUY INFOSYS TECHNOLOGY INTRADAY TRADING MARGIN CALL AT 2263 TARGET 2279 & 2289 STOPLOSS 2253
BUY BEML FTU TARG 1034
BUY INFOSYS 2267 TAR 2300
Gateway Distriparks Ltd (GDL) has won an operations and management (O&M) contract for the Conware container freight station (CFS) from the Punjab state government. The duration of the contract is 15 years. GDL will make an upfront payment of Rs 35 crore and play an annual fee of Rs 10 crore with an escalation clause of 5% on the same. The Conware CFS achieved a throughput of 55,662TEU and EBITDA of Rs13.8 crore in FY2006; the same translates into an EBITDA/TEU of Rs 2,500."
Conware CFS—sub—optimal utilisation
Bhel is going good at current level one can buy this stock with a full of confience many funds entering in this stocks with lot of interest one can se 20 to40% grouth from current leavel buy with atrg of 3217
BUY ASHOK LEYLAND DELIERY CALL AT 46.10 TARGET 51.50 & 53.90 STOPLOSS 42
BUY ERA CONTRUTION DELIVERY CALL WITH NO STOPLOSS
BUY INDIA INFOLINE DELIVERY CALL WITH NO STOP LOSS
ONE CAN BUY SESAGOA FOR DELIVERY AND IF ONE CAN TAKE POSTION IN F$O WAIT FOR MY CALL AFL A NEW ISUUSE COMES IN MARKET RECENTLY ONE CAN BUY WITH A TRAG OF 87 CMP 62
we will expect 20 to 40 % up in net profit for next quater as per the news we have from some reliable sources that many funds enterd in that stock with traget of 2134 so soon we see that traget on the screen the good time to enter in stock one can earn good so enter that stock will full of confidence dsp marinlich will book profit near 1834 one can book 25% profit here. here iam also giving list of some our holiding one can invest with full of confidence soon 10% return on the corner.
Company Sales (rs cr.) PAT (rs cr.) Market Cap (rs cr.)
Infosys Technologies Ltd. 9,028.00 2,421.00 125,283.48
Tata Consultancy Services Ltd. 11,230.50 2,716.87 116,972.06
Wipro Ltd. 10,227.12 2,020.48 87,110.01
Satyam Computer Services Ltd. 4,634.31 1,239.75 32,208.78
HCL Technologies Ltd. 3,032.92 638.38 20,103.78
History
YEAR EVENTS 2000 - Mahindra-British Telecom, a 60:40 joint venture between the Mahindra group and British Telecom, shareholders approved a proposal to raise funds through an initial public offer and an employee stock option plan.
- The Company proposes to raise funds through an initial public offer.
- The Company and Silicon Automation Systems Ltd (SASL) has forged a strategic alliance to develop solutions and product markets using the wireless application protocol (WAP).
- The Company's IPO is proposed to be of 53,18,633 No. of equity shares with a face value of Rs 2 each, at a price to be determined in accordance with SEBI guidelines for the fully book-built route.
2001 - Mahindra-British Telecom and the US-based Rockwell Electronic Commerce have entered into a 5-year strategic alliance and set-up a offshore software development centre in the city involving total capital cost of $4.5 million. - Software firm Mahindra-British Telecom plans to lay off 300 employees, or about a tenth of its workforce, a company spokesman told Reuters on September 25.
2004
-Gets Intellectual Property Rights (IPR) for the optical planning and design solution that formed part of Marconi's Netscient Software product suite - a trademark brand acquired by Marconi in 2001
-Mahindra British Telecom (MBT), the telecom software joint venture between the Mahindra Group and British Telecommunications Plc (BT) has announced the appointment of Premchand as chairman of TeleManagement Forum's New Generation Operations Systems and Software (NGOSS) Security Team.
-Mahindra British Telecom (MBT) has signed a solutions partner agreement with UK-based Cramer, a major player in inventory-powered back office automation for telecom service providers
-MBT has joined three International Systems Security Engineering Association (ISSEA) as its corporate member
-Mahindra British Telecom (MBT), the IT services provider to the telecom industry, has signed a global partnership agreement with Netegrity , provider of identity and access management solutions
2005
-MBT launches new software for language conversion
-Cyclone Commerce join hands with MBT
2006
-Tech Mahindra's IPO shares will be priced between Rs 315 and Rs 365 a share. The offer will open on August 1 and close on August 4. The company plans to raise up to Rs 465 crore through the issue, which offers 12.75 crore shares for sale. The company had reached critical mass and it had decided that the time was right for the offer.
-The initial public offering (IPO) of Tech Mahindra, a joint venture between Mahindra and Mahindra Ltd and British Telecommunications PLC, was subscribed 1.26 times on the first day of the issue.
-Motorola joins hand with Tech Mahindra to form CanvasM Tech Mahindra reports Rs 177cr net profit in Q2 10/19/2006
Tech Mahindra has posted a consolidated net profit of Rs 177 crore for the second quarter of the current fiscal five times the corresponding year-ago figure of Rs 37.4 crore, or 373 per cent higher. The profit increase for the quarter was driven by higher revenues - up by 180 per cent, at Rs 698 crore (Rs 247 crore), and aided by a tax refund of Rs 33.9 crore
>
tec mindra cmp1628 targ 1700
After three days of rally, the Sensex could encounter profit-booking anytime. It is now trading close to its previous all-time high. Watch the 13,820 level. A dip below this level would confirm short-term profit-booking. If it crosses the level, the uptrend will continue.
Nifty Future shifts to premium of 7 points from discount of 2. Look for profit-booking at pull-back to base-line after 3 up days. Watch crucial support at 3,967 for weakness.
Wockhardt holds strong presence in Indian market and has shown robust 28.6% CAGR growth over past four quarters. We expect the company to outperform the industry by growing at a CAGR of 18.5% over CY05-09. Recent acquisition of Pinewood in Ireland will fortify the company’s presence in UK and total revenues from the territory will contribute over a half of total sales. The Protinex and Farex brands shall strengthen the nutritional segment with annual revenues being Rs 600 million and the brands are expected to contribute to the bottomline from next fiscal. At CMP of Rs 340, the stock is trading at 11.6x CY07E and 9.7x CY08E earnings. We recommend a buy on the stock with a price target of Rs 476."
BUY TISCOINTRADAY TRADING MARGIN CALL AT 480TARGET 487.50 & 496 STOPLOSS 475.50
The think the market has done much more than what anyone could have forecasted even in the middle of the year. We have perhaps surpassed capital appreciation in the index more than even the earnings growth that we forecast for the year, which is about 30-35%."
Based on the fact that all investors, FIIs and domestic, are looking forward to earnings growth in FY07-08, he is bullish on the India story.
Going into January, we says that there will be volatility in the markets, as money may enter the markets on correction. He advises to invest in growth companies in FY07-08.
Tom you will see correction in the market many funds stay with cash when market gives downword singal than see first if nifty breakes 3900 level it come immediately comes to 3850 tahn it was agood time to enter in few stocks one can take future postions in R-com , infosys BhartiAirtel, Saytam comp and for delivery clients can easily enter in TV18, ICICIBANK, HDFC, SSI FINACE MICROTEC, MAX ,indian hotal, iflux iam agin stress on iflex it will cross 3000 in 6 monts
YEAR EVENTS 1994 - SSL Finance Ltd. was incorporated on 15th November, and obtained the Certificate of Commencement of Business on 2/12/1994. The Company has been promoted by Mr. D.Ravisankar & his associates.
- The company has leasing & hire purchase. The company has also applied for Merchant Bankers registration under to SEBI, Regional Office for Category III.
1996 - The Company has proposed to tap the Public Deposit Market to mobilise funds to augment the resources and to deploy the same in the areas of Hire Purchase Finance and Equipment Leasing.
1999 - The scrip of Archana Software Ltd, is known as SSL Finance Ltd until January 10, has been a seeing an uptrend on the National Stock Exchange (NSE).
- Though the company has changed its name to Archana Software, its shares continue to be traded under the old name on NSE.
2000 - The company proposes to enter into the field of information technology. It will begin with a new division, Aasheesh IT Education, which will focus on IT education by setting up 150 outlets through franchise route.
THE STOCK WILL SHOW BUY SINGAL BUY WITH TARG OF 100 CURRENT STOCK IS RUNNING AT61.90
"BSEL Infrastructure is showing some signs of an upward movement. It has taken support on the 200-day moving average. It has crossed its lower top of Rs 58.70. So I think it is heading towards Rs 70 and if it is able to cross Rs 70 then we are into a very strong upmove. But till then we could expect a range bound movement of 270 or maybe on a downside on a 50-55. On the whole one can be on buying side. It looks to be heading up from hereon."
BUY WIPRO INTRADAY TRADING MARGIN CALL AT 601 TARGET 609.50 & 612 STOPLOSS 598
27-dec-2006 12:21 BUY MTNL INTRADAY TRADING MARGIN CALL AT 142.85 TARGET 145.90 & 146.70 STOPLOSS 141.70
EXIT LONG POSITION IN SATYAM COMPUTER AT CMP 485
27-dec-2006 11:10 BUY TITAN INDS INTRADAY TRADING MARGIN CALL AT 801 TARGET 816.50 & 825 STOPLOSS 795
27-dec-2006 10:49 BUY BOMBAY DYEING INTRADAY TRADING MARGIN CALL AT 735 TARGET 744.50 & 754.50 STOPLOSS 729
27-dec-2006 10:32 BUY HPCL INTRADAY TRADING MARGIN CALL AT 275 TARGET 282.50 & 284.50 STOPLOSS 272
27-dec-2006 10:24 BUY CENTURY TEXTILES INTRADAY TRADING MARGIN CALL AT 720 TARGET 729.50 & 734.50 STOPLOSS 715.50
27-dec-2006 10:16 BUY ASHOK LEYLAND INTRADAY TRADING MARGIN CALL AT 44.50 TARGET 45.90 & 46.50 STOPLOSS 43.90
27-dec-2006 10:14 BUY SATYAM COMPUTER INTRADAY TRADING MARGIN CALL AT 484 TARGET 491.50 & 494.50 STOPLOSS 480.50
NSE Nifty: (3871) the support for the Nifty is at 3823-3770 and resistance to the up move at 3933-3964-4065
Choksi Laboratories Ltd. (Code:526546) Rs.19
Incorporated in 1993, Choksi Laboratories Ltd. (CLLgroup of research laboratories offering analysis, calibration, pollution control, research and consultancy services to a broad spectrum of industries. In short, it's a commercial testing and analysis laboratory. It was the first to start water and soil analysis in central India and also the first to start instrument calibration services for organizations that were seeking ISO certification. In fact, it was the only one to commission and run ONGC's Effluent Treatment Plant at Amod oil rig probably the largest in India. Today, CLL boasts of serving over one thousand customers, both regional and international and analyzing over 1000 different products. Of late, the company has entered clinical trial research in a big way.
CLL's labs/branches are located at Chandigadh, Indore, Vadodara, Delhi, Ahmedabad & Vapi and are equipped with ultra modern, sophisticated and very hi-tech equipments imported from various parts of the world. Recently, it commenced a 40-bed clinical research facility at Vapi for carrying out bio-availability and bio-equivalence studies. Notably, CLL is certified by BIS, FDA, Gujarat and Madhya Pradesh PCBs, Department of Health (MP), AGMARK - GOI and several other regulatory bodies. It has also been accredited to NABL, which is internationally recognized through ILAC and is based on ISO/ IEC guidelines. The company has facilities to analyze food & agricultural products, cement & building materials, chemicals, drugs, metals, oil, soil, PVC pipes & paints etc for its client or as a regulatory requirement. It also helps different industries in their research processes. Its Environment Consultancy Division helps companies keep the environment clean and free from pollution. Apart from calibrating services for individual instruments, CLL provides a comprehensive Annual Calibration Contract (ACC) that covers maintenance of calibration due-date charts and on-site/ laboratory schedules etc. Moreover, it offers consultancy services for solid waste management, sewage treatment plants, hotel and hospital waste management, hazardous waste management etc.
Fundamentally, it hasn't shown great performance yet but the potential is huge and the future looks very promising. For FY06, its sales improved by 15% to Rs.7.60 cr. and net profit dropped by 10% to Rs.0.81 cr. on the back of higher interest cost and depreciation. For the first six months ending 30th Sept.'06, total revenue grew by nearly 20% to Rs.4.70 cr. but profit increased by only 10% to Rs.0.65 cr. However, the company enjoys an operating profit margin (OPM) of over 35% and net profit margin (NPM) of more than 10% and at the current market cap of Rs.10 cr., it can turn out to be a multi-bagger if held for 2-3 years. For FY07, it is expected to report a total revenue of around Rs.10 cr. with PAT of Rs.1.30 cr. This translates into EPS of Rs.3 on its equity of Rs.4.85 cr. At CMP of Rs.18, the scrip is discounts its FY07 earnings by merely 6 times, which is very cheap for such a niche player. With a 52-week high/low as Rs.45/Rs.13, the downside to this stock is minimal whereas on the upside, the scrip can easily double in 15-18 months. Strong buying recommended for long-term investors only.
MRO-TEK
is given a buy signal, the scrip has bottomed out around Rs 40-45 levels. Its crucial resistance is Rs 60. If it breaks that, that volume we can see a price of Rs 75-80 levels. I definitely recommend, give a buy call on this particular scrip."
DSP Merrill Lynch believes that the overall trend is to be externally driven based on the EM flows. He also feels that the market is seeing a betting on earnings growth to drive individual stocks.
DSP Merill Lynch is gradually investing money but still sitting on some cash.It is looking at cement, mid & smallcap IT as well as private sector banks. Maheshwari believes that the madcap IT stocks’ valuations are much cheaper than large caps.
The metal sector could be the dark horse of 2007 DSP opines and he also states that both the large and madcap pharma looks good.
Largely we find interesting buying opportunities in falling markets in some of tha banking companies. Stocks like Tata Motors, Reliance Communication, Sterlite Opticals, BEML, Shreyas Shipping, Gateway Distriparks also offer good buying opportunities
Any fall in the market should be looked at an opportunity to get into quality stocks
Motor Industries Company (MICO), the Indian subsidiary of Robert Bosch GmbH, a global leader in the automotive and industrial technology, will begin the complete production of common rail diesel injectors (CRDi) in early 2007. The total project cost from manufacturing of CRD injector components to the production of the complete sets of CRD injectors is Rs 550 crore. In November 2005, MICO inked a memorandum of understanding (MoU) with the Maharashtra government for Rs 550-crore common rail injector project. The Nashik facility has began producing CRDi components since the beginning of 2006. The present manufacturing capacity of the Nashik facility is 6,000 injector component sets per day. Fuel injectors are the main components of the common rail diesel system (CRS), a technology that gives engine developers the freedom to reduce exhaust emissions further and cut down engine noise.
To follow stricter emission norms, new vehicles will required to be equipped with electronically controlled fuel injection systems like common rail system. With the implementation of new emission norms in India with effect from April 1, 2005, the market has to meet the Bharat Stage III (BS III) Standards. BS III is the Indian equivalent of Euro III. To reap the benefits this opportunity sets up, Bosch has brought out 4th generation CRS. The Nashik unit is also eyeing exports worth Rs 500 crore in the next two-three years.
BUY MICO WITH TARG OF 4000
Grasim Industries - Employee Stock Option Scheme - 2006 12/26/2006
Grasim Industries Ltd has informed that at the meeting of the Board of Directors of the Company held on December 07, 2006, the Board considered and approved formulating an Employee Stock Option Scheme - 2006 ("ESOS 2006") for granting options to eligible employees of the Company and constituted a Compensation Committee for the purposes of implementing, administering and supervising the ESOS 2006 in accordance with the provisions of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.
Accordingly, subject to the requisite approval of the shareholders, the Board also granted its approval under section 81(1A) of the Companies Act, 1956 and other applicable provisions for granting, offering and issuing in one or more tranches, to such eligible employees of the Company as may be decided by the Compensation Committee not more than 2,75,000 equity shares of the Company being 0.30% of the paid-up equity share capital of the Company on the terms and conditions as mentioned in the ESOS - 2006 to be formulated
BUY GHARSIM NOW 10% YOU WILL EARN SOON
ICICI Bank's US$1 billion Syndicated Loan Facility 12/22/2006
ICICI Bank Ltd has announced that the Bank has signed an US$ 1 billion yen-equivalent syndication loan agreement in Geneva on December 20, 2006. The facility is split into three tranches: US$ 350 million 364-day tranche (tranche A), an US$ 450 million two-year tranche (tranche B) and an US$ 200 million three-year tranche (tranche C).
There has been strong investor interest in the syndication. A total of 26 banks participated in the syndication facility - the widest participation for any Indian Bank syndication in the international markets. The Bank concluded this transaction in a record time of one month from the date the mandate was awarded.
Ms. Chanda Kochhar, Deputy Managing Director, of the Bank said, "The US$ 1 billion syndication is a benchmark deal as this facility marks the largest syndicated loan for an Indian bank borrower. We are delighted with the widespread interest this deal has generated from the leading banks across the globe. It is heartening to see a number of new players participating in this deal."
Banca Intesa S.P.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., BayernLB, BNP Paribas, Calyon, Chinatrust Commercial Bank Ltd, Fortis Bank S.A. / N.V., The Hongkong and Shanghai Banking Corporation Ltd, Lloyds TSB Bank PLC, Mizuho Corporate Bank Ltd, Natixis, The Royal Bank of Scotland PLC, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation are the 14 Mandated Lead Arrangers for the syndication.
buy with atrg of1000
buy ganeshahosing finace cmp285 targ 350 in 10 days
BUY ACC INTRADAY TRADING MARGIN CALL AT 1064 TARGET 1077.50 & 1084 STOPLOSS 1059
ITC is certainly underperforming, the charts are looking weak. Infact, the FMCG space itself was looking weak for the fifteen days and ITC is going through a consolidation. We have seen how stocks go up and then consolidate for two or three years, we saw banks do that. We are now seeing sugar do it and I assume that is what FMCG in general and ITC in particular is going through. That means there are no opportunities in the stock just now, it must wake up before some trading can be done there.”
With the markets on the cusp of the year, sandwiched between two big weekends - the Christmas and the New Year, everyone seems to be in a holiday mood. Hence, one should not expect huge amount of action in the market since the global funds and domestic traders may be out of the market for now. Global cues, therefore, have been soft.
One can expect rangebound sessions for the market though there is an F&O settlement pitted in the middle of the week. Due to the derivatives contract expiring, markets could witness bouts of volatility. Over the weekend, the positive collections on advance tax, which are substantially higher than the government's budgeted figure by Rs 35,000 crore could give the government some freedom to think more in terms of expanding the economy in a significant manner.
Over the month of December, there have been significant corrections and this could augur well for the markets in 2007. Traders, at the moment, will be light in terms of their positions. Hence, when the corporate earnings are out, the market would wait for a new direction and traders will be able to take fresh positions.
Markets should also see good amount of money flow in the first half of 2007. Comments Deven Choksey of KR Choksey Securities, "I see a good sustained momentum as regards to the funds coming into the market."
In this low activity week, which are the sectors and stocks that show a lot of promise going into 2007? Sectors, such as telecom, metal, real estate and infrastructure could be the best bets at the moment.
In the light of the advance tax numbers, Choksey suggests that the pharma companies like Cipla have paid good amount of advance tax. He also finds good advance tax numbers in the metal and realty space. According to him, stocks in these sectors where they have been good amount of tax, suggest that in Q3, the earnings will be better and the direction should be positive for Q4 as well.
He further adds, "In my view, one will have to be very selective as far as the market is concerned because the overall sector may not give the kind of momentum as far as growth in the portfolio is concerned. But I think individual stock specific action should yield good results for the fund managers and the investors."
BUY POWER TRADING CORPORATION DELIVEYR CALL AT 53.50 TARGET 59.70 & 63.50 STOPLOSS 49.90 (POWTRA)
BUY ROLTAINDIA DELIVERY CALL AT 240 TARGET 254.50 & 265 STOPLOSS 232(ROLIND)
Chennai-based Indian Bank is bullish about its maiden public issue that is likely to hit the market in January to raise Rs 800-900 crore, as investors have never lost money in the initial public offerings, IPOs of public sector banks. “In the IPOs of public sector banks, no investor has lost money. All have made good money (from the investments),” Indian Bank chairman K C Chakrabarty said. The bank has filed the draft red herring prospectus with market regulator Sebi for the proposed public offer of 8,59,50,000 shares of Rs 10 each for cash at a premium to be decided through book-building process, reports Business Standard. “We expect the get Sebi approval for the IPO by the first week of January,” Chakrabarty said. He was optimistic that the IPO would get a good response from investors, as the bank was consolidating its businesses and improving efficiency in operations. As there was no progress on merger and acquisition of PSU banks, it has adopted the alliance model to give best service to customers while cutting down operational costs. A few months back, the bank had struck an alliance with Delhi-based Oriental Bank of Commerce and Mumbai-based Corporation Bank to share each other’s infrastructure and to jointly do business to face competition. Indian Bank expects an increase of 17-18% in business, 25-30% in credit and 17-18% in deposits. Total business stood at Rs 70,000 crore as of September 2006 and the net profit grew by 38% to Rs 334 crore in the first half of 2006-07. Besides IPO proceeds, Indian Bank is also open to mobilise funds through other means like Tier-II bonds to support balance sheet expansion. The capital adequacy ratio of the bank stood at 12.02% and the additional capital mobilisation through the IPO was likely to give additional cushion to meet the Basel-II norms that requires banks to provide capital for operational risks, besides credit and market risks. The bank’s authorised capital was at Rs 1,500 crore, paid up capital at Rs 343 crore, preferential capital at Rs 400 crore and Rs 2,000 crore in reserves. Net interest margin has improved to 3.59% as of September 2006 from 3.49% a year ago, while net non-performing assets were 0.45% of net advances.
BUY INFOSYS TECH INTRADAY TRADING MARGIN CALL AT 2188 TARGET 2205 & 2250STOPLOSS 2180
26-dec-2006
BUY CENTURY TEXTILES INTRDAY TRADING MARGIN CALL AT 671 TARGET 679.50 & 697.50 STOPLOSS 667.50
----Roche, a Switzerland based pharma company, will market its novel postmenopausal osteoporosis drug, Bonviva, in India through ELDER PHARMA
Currently, Elder Pharma has establised itd brand in like women’s healthcare and nutraceuticals, antibiotics and others through its brands like Shelcal (calcium supplement) Eldervit and many more. the stock is currently at 326 one can buy this stock with 6 month prospective with atrg of 456
Buy infosys with a short term target of Rs2500 The company will expected to show good resultes in jan quater secondly main reason of buying is that he is now in NASDAQ-100 INDEX
"Karnataka bank is looking very attractive at this very attractive because of the fact that a lot of consolidation is happening in the industry ,likely to happen accelerate as well as a lot of alliances are happening for carrying out different types of business models. Karnataka Bank has a good track record and is well positioned and the valuations are also reasonable. So it is scalable, so I would definitely suggest a hold and even a buy with every decline in the market one can look at accumulating this stock."
The stock will give 20 % upside from that level one can buy this stock with a long term propective
Sensex: (13615) the market unfolded as expected ...looks up and crucial supports to watch would be 13545...
The support for the Sensex is at 13545-13380 and the resistance to the up move at 13750-13900
NSE Nifty: (3889) the support for the Nifty is at 3845 and resistance to the up move at 3933-3964
Escorts
CMP--- 115
Target price 181
EScorts has emerged from the throes of restructuring and now facused playerwith interest in tarctors and contruction bussiness.
The company is expected to clock revenues of Rs- 1836.9 crore in fy ended sep 2006 backed by stong volume grouth , We expect company in one year will increase more than 50% revenue its contruction business reported revenue of Rs-- 155.2 crore in fy o5 and net profit of 17.8 crore going forword we expect ECEL to report revenue and profit 613 crore in fy08 which futher added lend stablity and visibility to financies.
equity diluted by 5%----- we expect that the company will increase its equity capital 75.8 crore in fyo7 .
DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.
sesagoa is one of the leading exporter of pig-iron and also steel king l.N mittal has eyes on sesgoa
He is trying his level best to acquire 51%the stake of sesgoa and many brokers and tarder and fII has stared buying its agood oopertunity to enter in this stock
The stock is currently trading at 1396 one can buy this stock for 3 month prospective with a trget of 1700 short term prospective
Nucleus Software Exports Ltd is looking at Europe and Japan to expand its business next year. The company provides its technology in the area of retail banking and cash management in geographies such as Asia pacific, West Asia, Europe and Africa.
"Currently, less than 10 per cent of our revenues come from Europe. But we expect it to get doubled over the coming year from this region. While, traditionally significant portion of our revenues come from South and South East Asia, West Asia and Europe, we are now expecting our business to grow from Europe and Japan. General Motors has been our major client in Europe. We are in talks with major auto finance companies in Europe," said Mr Niraj Vedwa, Head of Global Sales and Marketing'.
Mr Vedwa said that Nucleus had recently signed up with two private banks and one nationalised bank, about four major banks in Africa, two in the UAE, two more in Indonesia in the quarter — though, he declined to divulge the names of the new banks. However, he said that revenues accrued from these would be declared only during their quarter ending January 2007.
Nucleus had announced about $8.5 million worth of contract and expects the growth to be higher for this quarter based on new contracts that have been signed. Currently, 80 per cent of the company's revenues come from retail banking and about 20 per cent from cash management software.
Taken from Business Line
DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.
