Expert Opinion

Wordmark of Tata Steel

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We can’t be blamed for our craving for stock tips and expert opinion even if their predicting ability is not proven superior. For example, The Hindu Businessline, on 29.08.2010, predicted that “Tata Steel fell almost 2 per cent last week. The near-term trend is down for the stock. As long as the stock stays below Rs 530, the near-term view is negative. Traders can initiate a short position with stop at Rs 530.Near-term targets for the stock are at Rs 490 and Rs 480. Key resistances above Rs 530 are at Rs 540 and Rs 550. The medium-term trend is still down. Significant medium-term support for the stock is at Rs 450”.

Result : On Monday Tata Steel gained 3.41% and closed at Rs. 527.95.

Lesson : Ignore Experts.

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New Direct Tax Code Full Bill : Download here

Tax

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You can download the full text of Direct Tax Code from our Loksabha website. To download, please click here (417 pages PDF document).

From April 1, 2012, women could cease to enjoy special income-tax exemptions over and above what men get, is the most commendable feature of the new bill. Long live FM.  But “Housing loan principle repayment would not qualify for tax rebate” is a dampener.  

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SEBI nay change Retail Investor's Definition

Securities and Exchange Board of India

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The Securities and Exchange Board of India (SEBI) is planning to enhance the maximum investment limit for retail individual investors in public issues from Rs 1,00,000 to Rs 2,00,000. In a discussion paper floated by the market regulator, SEBI has argued that “retail individual investors, who have the capacity and appetite to apply for securities worth above Rs 1,00,000 were constrained from doing so because of the Rs 1,00,000 limit.”

The discussion paper also contends that since 35 per cent of the public issue is to be allocated to retail investors, in case of large public issues – with issue size in the range of Rs 4,000-6,000 crore -- the limit of Rs 1,00,000 would mean that the issue has to receive a minimum of 1,50,000 to 2,00,000 applications from retail category. “This could be a daunting task considering that in case of well oversubscribed issues, the number of applications received from Retail Individual. Investors was in the range of 35,000 to 70,000,” it says.

It further observed that the rate of inflation in India has increased from about 4 per cent in 2005, when the Rs 1,00,000 limit was fixed, to about 12 per cent currently. In the same period, the BSE Sensex has risen from about 8,000 points to about 18,000 points, meaning that retail investors now buy a lesser number of securities with Rs 1,00,000 than they would buy with the same amount in 2005.

Prior to 2005, retail investors could apply for shares only up to Rs 50,000. Later, it was increased to Rs 1,00,000 in March 2005.

SEBI has sought comments/suggestions from public on the proposed changes on or before September 3, 2010.

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Buy Texmaco : India Infoline

Rotary peristaltic pump

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CMP Rs148, Target Rs170, Upside 15.2%

India Infoline said that based on ‘inverted head and shoulder’, they project conservative target of Rs175 which is marginally higher than Dec 2009 peak of Rs170.5. However, in case prices are able to sustain above Rs175, next leg of rally can take prices all the way to its all time peak of Rs196. They thus advise accumulating the stock in the range of Rs141-147 with stop loss of Rs132 for target of Rs176.

Please click on the link to view the attachment.

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51 Tips For Perfect Health

Recently one of my relatives has sent me some health tips which I thought worth sharing. They are

1. Drink eight glasses of water a day.
2. Include two vegetables and one fruit in every meal.
3. Begin each meal with a raw vegetable salad.
4. Make a light snack of assorted sprouts.
5. Start the day with a glass of warm water and a dash of lime.
6. Use only fresh vegetables.
7. Once a week have only fresh fruits until noon, make lunch the first meal of the day.
8. Eat only freshly cooked meals, not refrigerated leftovers.
9. Include one green vegetable and one yellow vegetable in every meal.
10. Go on a juice fasta for a day. Start with vegetable juice, and sip fruit for lunch and dinner.
11. Kick the old coffee habit. Have a glass of fresh fruit juice instead.
12. Cut out all deep-fried foods from your diet.
13. Cut down on high sugar products like soft drinks, ice-cream, candy and cookies in your diet.
14. Never skip a meal, even if you are on a diet. Eat a fresh fruit or have vegetable juice instead.
15. Avoid beverages like soda, coffee, colas and so on.
16. Include high fiber foods plenty of fruits, vegetables and grains in planning your diet.
17. Use salt in moderation
18. Wash vegetables thoroughly in clean water before chopping.
19. Stream or boil vegetables (rather than fry or saute.
20. Retain peels of potato, cucumber, carrot and tomato while cooking.
21. Do take a moment off to mentally list out the nutritional value of the food you are about to eat.
22. Don't rush through your meals. Set aside enough time to appreciate, enjoy and digest your food.
23. Make every meal an enjoyable experience. Set dishes out attractively and chew slowly to appreciate the full flavor of the foods you eat.
24. Choose to be radiantly healthy. Keep yourself informed about the nutritive value of every food you buy.
25. Shop for groceries yourself. Notice the look, feel and smell of fresh fruit and vegetables and enjoy their intrinsic goodness.
26. Watch out for eating habits paired with emotional states, like reaching for a chocolate when you’re depressed. Resist the urge and eat fruit instead.
27. Eat popcorn (rather than chips) while watching a movie.
28. Sit at the table at meal times. Don't read the paper or review bills while eating.
29. Make it a point to have dinner with the entire family at the table, and not in front of the TV.
30. Eat just to the point of the fullness. Don't stuff yourself!
31. Stop smoking.
32. Restrict alcohol consumption.
33. Get a good night sleep, every night.
34. Enroll today in an exercise program.
35. Take a brisk, 20 minute invigorating walk each morning.
36. Spend 10 minutes every morning and evening doing basic stretches.
37. Do not use elevators when you can climb the stairs.
38. Enroll in a TM program today.

39. Focus on your breathing. Take a deep breath, then exhale slowly. Repeat a couple of times a day.
40. Learn to relax. Spend 20 minutes consciously relaxing each muscle of your body.
41. Spend 20 minutes a day in silent meditation, prayer or contemplation.
42. Learn the healing power of laughter. Watch a crazy movie, recall a joke or read a funny book and laugh out loud.
43. Tap the powers of your sub-conscious. Relax your body for 20 minutes and project the Perfect You on your mind screen.
44. Balance your lifestyle. Devote equal time each week to work and fun.

45. Join kids in a sports activity and rediscover the joys of childhood.
46. Do keep in touch with friends. Call up or visit them and be at peace with the world.
47. Enrol in an activity (like dancing, swimming or roller skating…) you never indulged in because you were afraid of “what people might say.
48. Forgive someone who you think has done you wrong and cleanse your spirit of rancor.
49. Do a nice turn to someone you don't know too well, but who could do with a friend.
50. Spend a quiet half-hour chatting with your family.
51. Read a great book once a week.

IFCI - INFRASTRUCTURE BONDS – Tax Benefit U/S 80CCF

Eligible Investors:                      Retail Individual and HUF

Face Value:                                Rs. 5,000/- per bond

Minimum Subscription:               1 Bond and in multiples of 1 Bond thereafter

Tenure:                                     10 years, with or without buyback option after five years

Coupon rate:                             Option I (Non-cumulative and Buyback after 5 years) - 7.85% p.a.

                                                Option III (Non-cumulative and no Buyback) - 7.95% p.a.

                                                Option II and Option IV will have cumulative payment at the end of the Buyback     

                                                period  or 10 years

Listing:                                      Proposed to be listed on BSE

Issuance:                                  Demat form only

Issue Close Date: 31 August, 2010

  • Banker to issue: HDFC bank (collecting Banker)
  • Payment in favour of: “IFCI Limited - Infra Bond” either through Cheque/ Demand Draft/ Pay orders and crossed “Account Payee Only” are deposited, directly with the designated branches of HDFC Bank (collecting banker).



Buy South Indian Bank – India Infoline

South Indian Bank

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India Infoline says that South Indian Bank is a compelling “Buy” as it’s fundamentals are very strong. It’s current market price is 20-30% discount to it’s comparable peers despite it’s strong balance sheet and growth profile.  India Infoline expects that the price would increase within a year.

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TATA DOCOMO introduces “pay per site”

LONDON, ENGLAND - MARCH 25:  In this photo ill...

Image by Getty Images via @daylife

For those who only browse 2 or 3 sites regularly can now be free from monthly rentals and packs. Pay per site offers 2 combination packs, for those only interested in single websites can pay Rs. 10 per site whereas those with multiple site browsing can also opt for a combo pack at just Rs. 25/- per month. Customers will have bundle of options within various categories of Social networking sites (Facebook, Twitter, LinkedIn, Orkut), mail options (Gmail, Yahoo, Rediff) and chat messengers (GTalk, Yahoo Messenger, Nimbuzz).

"Pay per Site is a potent market disruptor, that aims at enabling an innovative service in the Data market; offering customers the power to decide on what they surf the most and purchase 'packs' suited and tailored to that specific need. Tapping into the huge potential that is today offered by Social Networking and Emailing/Instant Messaging, Pay Per Site aims to offer customers the choice to 'DO' what they like and pay for it alone," said Mr. Rishi Mohan Malhotra, Head-VAS, Tata DOCOMO.

 

There are 2 different genres under which each service is categorized- Social Networking Site and Emailing and Instant Messaging. Each site under this genre is priced at Rs. 10/- bundled with 200 MB free data usage valid for 30 days, post which customers will be charged at 1p/kb. There are also 2 Combo options - SNS Combo Pack and Emailing Combo Pack and each Combo Pack is priced at Rs. 25/- bundled with 500 MB free data usage post which the customers will be charged 1p/kb.

To activate the services, customers can Dial *141# OR simply send an SMS with the keyword "MY SITE' to 141 and following further instructions OR visit Tata DOCOMO Dive in zone on mobile. Customers can also activate Pay per Site service through Tata DOCOMO website by clicking on the Pay Per Site link.

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Buy Take Solution Ltd., : Nirmal Bang

Château Le Fy

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Nirmal Bang believe that TAKE’s net sales will grow at a CAGR of 24.6% over a next two years whereas net profit is expected to grow at a higher CAGR of 46.4% during the same period, on account of increase in demand of its products and services with the revival of global economies and expanding portfolio of company’s products and services to capture the market. They expect the company to earn an EPS of Rs.5.05 in FY 2011 and Rs. 5.79 in FY 2012. At the CMP of Rs. 39 per share, TAKE is currently trading at a PE of 7.73x FY11E and 6.73x FY12E EPS and looks very attractive. The company has historically traded at a PE multiple in the range of 9.0x-10.0x (as shown in the PE Band below) except when market conditions were bad. Therefore, we believe that TAKE should be valued on a PE multiple of 10.0x. Based on our EPS of Rs. 5.05 for FY 2011 and a target multiple of 10.0x we arrive at target of Rs. 50. Consequently, we recommend a BUY rating on the stock with a target price of Rs. 50, indicating a potential upside of 28.2%.

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Reliance Money discontinues Limit Card Scheme

CHICAGO - JUNE 19:   Traders work in the corn ...

Image by Getty Images via @daylife

After the exit of Reliance Money MD, his “Limit Scheme” is discontinued with effect from 30th September 2010. After this date, all customers will be shifted to percentage tariff structure.

If you wish to avail a true “limit Card”, visit ventura to know more. They are offering lowest brokerage with quality service.

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Deepak Fertilizers Q1FY11 Result Update: Reiterate a BUY, price target revised to Rs 195 : Ventura

Forest fertilizer bags at Hillatie in Juorkuna...

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Ventura in it’s Q1FY11 Result update states that

Deepak Fertilizers and Petrochemicals Limited (DFPCL) reported a 45.7 yoy growth in net sales to Rs 347.3 crore and a 34.3% growth in PAT to Rs 52.2 crore. The OPM margin grew an impressive 260 bps to 26.4%. Going forward we expect DFPCL to continue to maintain its growth on the back of improved capacity utilizations and the ramp up of production from its new TAN capacity expansion should significantly enhance profitability over the next couple of years.

DFPCL is currently quoting at a PE of 5.8 x its FY2012 earnings. Considering the ample availability of natural gas, price stability and ramping up of production across most business segments, we expect steady revenue and profitability growth over the coming years. We upgrade our price target to Rs 195 (target PE of 7.5x FY2012 earnings) representing an upside of 29.1% over a period 12-15 months.

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Federal Mogul Goetze – BUY : Indiainfoline

India Infoline in it’s recent research report elaborates that “ The stock technically is a compelling buy for two reasons – i) it is above its 200-DMA, and ii) consolidating at the neckline of an inverted head & shoulders pattern. It sets the stock up for target of Rs175 in the medium term. Daily oscillators are also showing signs of an upward movement”

CMP Rs142, Target Rs175, Upside 20.4%




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