Currentopics.com

Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio Management Services

Today’s Call

Buy Union Bank

At current price of Rs 264, Union Bank of India is trading at ~1.6 times FY10 expected book value. I  maintain a hold on Union Bank with a revised target of Rs 300, giving an upside potential of 6% from the current levels, due to: 1) relatively inexpensive valuations (~1.6x FY10 BV/s) given RoE above 20%; 2) continued strong business growth prospects (management project credit growth of 18% and deposit growth of 20% in FY10); 3) C/D ratio, which currently stands at 65%, will improve as deposit growth decelerates and credit growth accelerates; 4) decline in funding costs after redemption of high cost bulk deposits in Q3 and Q4 FY10; 5) loan loss coverage ratio of 80% remains among the highest among PSU peers and provides cushion to future earnings

Buy Punj Lyod

Punj Lloyd’s topline will continue to grow at a healthy pace given the strong order book the company possesses while I expect the EBIDTA margin improve marginally form current levels, and profitability margin to improve on the back of repayment of high cost debt. At the CMP of Rs 204.5 the stock is trading at 13.5x its FY11E EPS of Rs 15.1 and 6.3x its FY11E EV/EBIDTA. I believe reactions are overdone and negatives have been factored in and thus recommend a “Buy” on the stock with a SOTP target Price of 240.

Levels For nifty

I expect the flat to negative opening  on Monday. The support levels are 4680 and 4650 and the resistance levels are 4800 and 4850.

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Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

Currentopics.com

Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio Management Services

Today’s Call

Buy TCS

Post results if you have seen it that a lot of portfolio balancing in the mutual fund and the FII sector might be taking place in favour of TCS over Infosys. Although Infosys will remain a key component in their portfolio, the valuation gap that we have seen in Infosys trades around a PE of 22 versus TCS at around 20 might narrow going down into the future. So I would say buy TCS and sell Infosys at regular intervals. Might be good strategy and yield results to the tune of 7-8% irrespective of whether the market is because you are not net long the sector anywhere. I would strongly recomeend to buy tcs in delivery for a price target of 700 plus in near future.

Buy Vinati Organics

Vinati Organics has gone through a hard grind, survived and now is on a roll to ride the upside. The stock is trading at a P/E of 7.8x FY10E and 4.4x FY11E. The company deserves better valuation considering high growth, niche products and the improving profile of the company due to higher contribution of ATBS. One can take a  target price of Rs 375 in short term. In case the company does succeed with PAP (for the manufacture of paracetamol), the fortunes of the company will improve further, buy the stock.

Buy HCL Tech

This is a pure technical call. I would recommend to buy hcl tech October futures at opening bell by keeping a stoploss of 324 and for a price target of 345 in a day or two.

Levels for Nifty

Nifty will give a gap up opening today,The major hurdles are 5014 and 5050 and the support levels are 4928 and 4900.

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NO ONE WILL GIVE YOU ALL SERVICES AT ONE PLACE & IT’S  FREE OF COST

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

Currentopics.com

Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio management
Services

Today’s Call

BUY ROLTA

Rolta is a good play because of the fact that a lot of the businesses are domestic and I think we have seen that part of IT business also ramping up whether it is orders generated because of this unique identification number (UID) or the overall outlook on domestic IT business and I think from that perspective, Rolta does stand to gain. I would say Rolta is a stock that one should hold onto.I would strongly recommend to buy this stock for a price target of 220 in coming days.

Buy Jindal Steel and power

We have seen for the last few days is that Jindal Steel & Power has slowly come down from levels of Rs 640 to levels of around Rs 590-600. That’s where it formed a good base on intraday charts. Possibly with markets being good there is a good chance that the stock will reattempt and try to cross those levels of Rs 630-640. I would give a short-term buy with a target of Rs 680 and Rs 700 with a stop below Rs 590 at around Rs 588.

Buy Axis Bank

Axis Bank has raised USD 813 million through a combination of QIP, GDR and preferential allotment to promoters. We view this as an indubitably positive step as it gives the bank adequate capital for the next three years, while limiting the equity dilution to only 11%. We estimate post-issuance FY10ii RoE at 17.9% (19.3% earlier) and Tier-1 CAR at 11.7% (9.4% earlier). We are raising our FY10 and FY11 net profit estimates by 10% and 22% respectively, assuming higher loan growth, margins and non-interest income. The stock trades at a post-dilution FY11ii P/B of 2x with FY11ii RoE of 18%.I would advice a buy onthis with a price target of 1200 plus

Levels for nifty

Nifty will se a gap up opening today because of the bonous announcement made by reliance industries. However the resistance lies at 5050 and 5080.

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NO ONE WILL GIVE YOU ALL SERVICES AT ONE PLACE & IT’S  FREE OF COST

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

Currentopics.com

Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio management
Services

Today’s Call

Buy Bharti Airtel

In Bharti Airtel our call was as a short-term trader was to wait for the news on the merger. Obviously some people got lucky on Thursday, the way the stock moved up Rs 440-450 levels. I think a lot of people took that as too much of positive and started to buy aggressively as you saw a lot of selling coming on that day and that’s continued today but it’s not just the news on Bharti which has taken that down because you have seen the other telecom stock sell off; I think there is some possible delay in the 3G auction. So that’s another excuse probably take the stock a bit lower. But personally speaking having offloaded and taken a bit of profit last week we have started to accumulate Bharti again and it will rise, again medium to long-term investors – ultimately it’s a fundamental company, there is nothing. The deal didn’t go through; you can see the positive of that and I am sure the company at some stage will expand overseas. I still feel it is one of the best positioned companies in the sector; there is still huge growth potential. So for me after the correction, which one has seen over the last couple of days, it is sort of reasonable buying opportunity again. I would advise to take long position in the stock for a one week target of 450 plus.

Buy Educomp Solution

IT education sector as a whole looks quite promising to me still. There is a lot of buying coming in, visible from Educomp data itself; the way the open interest has added up and the way it’s given a fresh breakout above Rs 4,850-4,900 levels. I still feel there is some more strength and the target that we are seeing is Rs 5,430. Traders have to maintain a stoploss around Rs 4,740. If Educomp opens today downwards gap, you can readjust the stoploss to Rs 4,540 because that’s a strong support area for it and a gap down opening should be a good opportunity to buy into this stock.

Levels for nifty

Expect a flat to gap up opening on Tuesday. The resistance levels for nifty are 5050 and the support lies at 4980.

Follow us on twitter too follow @ct_stock

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.

Currentopics.com

Market Guru

Full Name : Nitin Gupta

Designation: Managing Director

Company Name: Gupta Consultancy Services

Experience in stock market: 9 years

Company Profile: Portfolio management
Services

Today’s Call

Buy Pantaloon Retail

Pantaloon Retail (PRIL)’s 4QFY09 results beat stree estimates at the operating level. EBITDA margins reached 11% in 4QFY09, the highest ever level for the company. Net profit growth showed an accelerating trend QoQ, growing at 12% (c6% in 2Q and 3Q), while sales grew by 20%. Same-store-sales (SSS) growth is showing clear signs of recovery: 4QFY09 SSS grew by 7.7% while sales during the ongoing festive season in the Eastern region have posted a 20%+ growth in SSS. Consumer sentiment in urban India is clearly improving with the economic recovery as well as the restoration of income and job security. This bodes well for PRIL, which draws c65% of its revenues from the top 7 cities in the country. Margins have held up well in the difficult last few quarters through a tight leash on costs. With a further improvement expected in the SSS growth, tight cost control, and the new supply chain and private label initiatives, we expect margins to improve from hereon. I would therefore advise you all take this stock in delivery for price target of 430 plus.

Buy Asahi India Glass

Asahi India Glass has been buzzing, a lot of media talk on the stock. This stock is doing well; the patterns are good, the short-term targets would be Rs 74 and Rs 79 and that could be the target if somebody is looking to trade for a week or week-and-a-half, it would be a good target on the upside. I would recommend a buy at current price with a stoploss of below Rs 59.

Levels for Nifty

Nifty may open on a flat to positive note. The support levels are 5000 and 4980 and nifty will face a major resistance near 5055.

Follow us on twitter too follow @ct_stock

Nitin Gupta @ 09867427824

Email Us if you have any  Stock related problems :  Stocktips@currentopics.com

Disclaimer : These Recommendations are based on technical analysis and Personal observations. Due care has been taken while preparing these comments, no responsibility will be assumed by the author for the consequences what so ever, resulting out of acting on these recommendations.

Disclosure : The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information.