Recall of Investment calls
These calls are recommended on 23.12.2007.......and they are on Upper Circuit Today....
ARL
Bellary Steel
Bisleri Gujarat Ltd
Dolantive
NoidaToll
Pasari Spinning Mills Ltd
Ruchi Soya
Suvene
Vishal Exports Overseas Ltd
December 27, 2007
Best Quote
There are only two rules to make money in stock market: The first rule: Never lose your money. The second rule: Never forget the first rule.
Stock News: L n T
Larsen & Toubro (Oman) LLC is a joint venture of Larsen & Toubro India and The Zubair Corporation, which is one of the leading business groups in the Sultanate of Oman.
L&T has also secured two orders worth $79.71 million (Rs 315.20 crore) from Dhofar Power Company (DPC) and Muscat Electricity Distribution Company (MEDC) for electrical substations & associated works in Oman. These orders will be executed within a time span of 7 months to 16 months.
On 19 November 2007, the company secured a contract worth Rs 275 crore from Delhi Metro Railway Corporation in consortium with Shanghai Urban Construction.
F&O Segment
PLEASE DO NOT PLACE ANY FRESH ORDERS IN ADLABSFILM, APTECH, ARVINDMILL, GITANJALI, JPHYDRO, TTML IN BOTH FUTURES & OPTIONS SEGMENT FOR ANY MONTH (AS THE SAME IN UNDER BAN PERIOD)
December 26, 2007
Corporate News
Gemini Communication spurts
The company made this announcement during trading hours today, 26 December 2007.
Meanwhile, BSE Sensex was up 199.55 points or 1.01% to 20,053.67.
On BSE 2.23 lakh shares were traded in the counter. The stock had an average daily volume of 1.74 lakh shares in the past one quarter.
The stock hit a high of Rs 240 and a low of Rs 207.45 so far during the day. The stock hit a 52-week high of Rs 274.95 on 13 September 2007 and a 52-week low of Rs 163.78 on 17 May 2007.
The small-cap scrip had underperformed the market over the past one month till 24 December 2007, gaining 1.97% as compared to the Sensex’s return of 5.31%. It had also underperformed the market in the past one quarter, declining 5.78% as compared to the Sensex’s rise of 17.48%.
The company’s current equity is Rs 9.67. Face value per share is Rs 5.
The current price of Rs 238.45 discounts Q2 September 2007 annualized EPS of Rs 14.42 PE multiple of 16.54.
Midas Communication Technologies (Midas) bid the enhanced digital wireless access system (EDWAS) tender from BSNL for planning, design, supply, installation & commissioning of broadband internet access based on digital enhanced cordless telecommunications (DECT) technology.
The project will be executed in phases, with the 1st phase of the order to the tune of Rs 50 crore to be implemented in Tamil Nadu.Midas has outsourced the implementation of EDWAS project on a turnkey basis to Gemini Communication (GCL).
According to a memorandum of understanding (MoU), the technology developed by Midas has to be implemented and deployed by Gemini within 150 days.
GCL’s net profit rose 219.7% to Rs 6.97 crore on 52.3% growth in net sales to Rs 49.33 crore in Q2 September 2007 over Q2 September 2007.
GCL is a service provider and a carrier for high-speed broadband access networks
Nifty News 26.12.2006
On 20th. I mentioned that a rally to 5920 - 5950 looks imminent. The same was achieved on Monday. We need a close above 6010 to confirm that we are headed for greater heights.
Support on the downside is @ 5920 - 5840 & 5770 levels. Resistance @ 6010 - 6050 - 6090 levels.
Future expiry tomorrow , expect bouts of selling and buying. Expect Stock based action .
Ideally a corrective decline to 5700 levels and then an upmove would confirm to a health chart pattern.
Not for the faintheaded the coming day/days. Avoid if you do not have the stomach to see wild swings.
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