New Plays

Vishal Retail......Issue Price Arnd 250....shld list arnd 400-425...one can book profit arnd those levels

Indian Overses Bank....one can buy this with a stoploss of 110 and a target of 130...pure technical call

Era Construction...buy with a stoploss of 340 n target of 405

Technically Litaka pharma is looking strong...accumulation seems to be taking place in it....target being heard of is arnd 150 in 6 months....though news is unconfirmed.

SOME UPDATES:
1. TORRENT PHARMA LIKELY TO OUTSOURCE 5 CR TABLETS PER MONTH FROM TLPL. 2. PROMOTERS EQUITY UNDER LOCK-IN UPTO OCT 09
3. CONFIDENT OF 30% GROWTH IN TURNOVER AND 50% GROWTH IN PBT EACH YEAR FOR NEXT 3 YEARS DUE TO MAJOR THRUST IN DOMEST MARKET OWN BRANDED SALES

SO FAR, SCRIP HAS GONE UP PURELY DUE TO RETAIL BUYING. NOW, SCRIP IS UNDER SCANNER OF HNI INVESTORS, BROKERS, FI AND FIIs. ONCE BUYING START FROM THIS SEGMENT , SHARE PRICE CAN ZOOM TO RS 140/ IN 3-6 MONTHS DUE TO LIMITED FLOATING STOCK.

NavaBharat Ventures

Shift of business focus from ferro alloys towards power to yield rich dividends.

NB Ventures has realigned its business strategy towards the rapidly growing power sector. The company's power division contributed 95 per cent of EBIT in FY07, with an EBIT margin of 50 per cent. Power Capacity is being ramped up from 121 MW to 237 MW by FY09. Also, a 1050 MW Power Plant is to be set up by 2010-11 with Power Purchase Agreements secured for 75 per cent of power generated. The highly volatile ferro alloy business has been de-risked by power sales, since the company now has the flexibility to shut down its ferro alloy unit and sell power in case of fluctuating prices. Substantial value present in land holdings, comprising a 51 per cent stake in an upcoming 250 acre SEZ project and ownership of 68 acres in Secunderabad.

On the SOTP approach, NB Ventures seems a good buy with a target of Rs 268, a 64 per cent upside from current levels. The proposed 1050 MW Orissa Power Plant and value of land holdings has not been factored into the estimates.

PEEP INTO PAST CALLS

The market seems to be in consolidation phase with bulls plugging in with every small fall and the bears aint letting it go easy.....the inflation has cool of to 4.08%...n all the eyes are set on july results

My previous recommendations hiran orgochem will be venturing into capsules n real estate business....so looking forward for a good result from them....though a small company...invest with caution

Orient info seems to be in accumulation as per sources who stands true in 95% of the calls...keep holding on to the same with patience

Dcw, surya pharma n hyderabad ind seeems to be good long term bets with limited downside risk of 15-20% in worst market conditions

one can book profit in divis lab arnd 6100....was suggested arnd 4000...45 days bck
northgate seems to be close to target of 1400...book profit arnd the same