13-June-08
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Friday, June 13, 2008
13-June-08 Report
Chambal Fertiliser
CHAMBAL FERT new stories coming out...it is the single largest producer of urea,.it is setting up 2600MW power plant and their phosphoric acid joint venture which is in indonesia prices world over has gone up 3-5 times, so these stories attracting more buyers, FUND
L & T
Larsen & Toubro plans to invest Rs 25,000 crores in the next five years in projects to generate a total of 5,000 MW of power. The company has set a target of achieving a turnover of Rs 80,000 crores by 2015 from Rs 30,000 crores in the last fiscal. It aims a 25-30% growth on a CAGR basis till 2015.
Rel Infra
The consortium led by ADAG group company Relinfra and Hyundai has decided not to seek an extension of the bid for the Rs 6,000 crore, 22-km sea link project citing the Maharashtra government’s indecisiveness over awarding the contract. The consortium had won the bid, but the government decided to review its decision as it realized that the concession period- or the period for which the developer collects the toll to recover its costs - was unrealistic. Relinfra’s withdrawal effectively leaves the field open for the only other bidder – the consortium of Mukesh Ambani’s SeaKing Infrastructure (SKIL) and IL&FS. Relinfra had quoted a concession period of 9 years and 11 months against SKIL consortium’s 75 years.
Nifty FUT: 4550 - 4561 are resistances which need to cross before we expect any further upmove. Note the discount in nifty. A lot depends on niflation today, and nifty seems to have discounted highest single digit inflation. But if it does double digit, it might be an issue
JPT Freeze
JPT Freeze Agaian
Centuary Completed
CMP 102.4
We Bought at 47
Around 120% Gain
Zoom Barabar Zoom Barabar Zooooooooommmmm!!!!
Enjoy!!!!
Centuary Completed
CMP 102.4
We Bought at 47
Around 120% Gain
Zoom Barabar Zoom Barabar Zooooooooommmmm!!!!
Enjoy!!!!
Along with RANBAXY, keep watch on ORCHID and CIPLA too in pharma space. Outside pharma, keep watch on Fert. stocks and DCB, which might see some 'action'.
13-Jun News
13-Jun-08
Headlines for the day
Corporate News Headline
Reliance Industries would commission its new refinery and Krishna-Godavari Basin gas fields in 3-6 months. (ET)
Wipro is bidding for 12 contracts worth at least USD 100 mn each as it seeks bigger clients. (Bloomberg)
SAIL would set up three steel processing units in Madhya Pradesh to manufacture value added products. (ET)
Economic and Political Headline
The Industrial production growth in April stood at 7% from a year earlier, after gaining a revised 3.9% in March. (BS)
The
government announced a reduction in prices of complex fertilisers to
encourage farmers to use nutrient-based organic instead of regular
nutrient like urea and DAP. (ET)
The
retail sales in the US rose 1% in May as the Americans used their tax
rebates to shop at electronics and department stores, and record
gasoline prices swelled service-station receipts. (WSJ)
Headlines for the day
Corporate News Headline Reliance Industries would commission its new refinery and Krishna-Godavari Basin gas fields in 3-6 months. (ET) Wipro is bidding for 12 contracts worth at least USD 100 mn each as it seeks bigger clients. (Bloomberg) SAIL would set up three steel processing units in Madhya Pradesh to manufacture value added products. (ET) Economic and Political Headline The Industrial production growth in April stood at 7% from a year earlier, after gaining a revised 3.9% in March. (BS) Thegovernment announced a reduction in prices of complex fertilisers to
encourage farmers to use nutrient-based organic instead of regular
nutrient like urea and DAP. (ET)
Theretail sales in the US rose 1% in May as the Americans used their tax
rebates to shop at electronics and department stores, and record
gasoline prices swelled service-station receipts. (WSJ)
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