US crisis inquiry points to widespread failures
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Gold
The weakening dollar is likely to strengthen precious metals and commodity prices. Gold found support at $1320, evidenced by the long tailtwo days ago. Twiggs Momentum (21-day) remains below zero, warning of a correction; only recovery above the declining trendline would negate this.
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| 10th January 2011 | ||||||||||||||||||
 Indian Economy Next Quarter | ||||||||||||||||||
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| India : Kal, aaj aur kal | ||||||||||||||||||
Let us begin with the good news. Economic growth in India continues to present a happy story. Even if we take the highly volatile IIP, which has consistently shown lower growth since the peak of 15% growth in the Jan-March 2010 quarter, manufacturing is expected to turn in a 9% growth in 2011-12. The service sector is expected to grow by close to 11% next year, as trade, transport, communication, hotels, finance etc. are all set to continue their robust growth. Apart from all the usual indicators of production and economic activity, the improvement in the hiring indices across all sectors is a pointer to firms turning back to their expansion plans. Salary hikes are also on the way up, not yet to the peaks seen during the boom years, but significantly higher than the past year. Now for the bad news. Though all inflation indices show falling inflation rates, as we, at Indicus, have been saying for the past two years, inflation is not on its way out. This will not be news to the households who are grappling with high price spikes in basic food and fuel goods, nor will it be news to companies who feel the pinch coming in back again through inputs and commodities, nor will it be news to the RBI whose eagle eye is forever trained on inflationary pressures – it will however probably be news to the government, who has been seemingly unaware of the omnipresent pressure points in the system. Take the ongoing onion spike as a perfect example of apathy – when un-seasonal rains hit crops, is it really so difficult to predict and take appropriate action against impending shortfalls in supply? Emerging onion short supply was well-known months back, corrective action could very easily have been taken then. Why did we not? And why does this happen repeatedly? Now going ahead, crude oil prices have moved up, again a trend that has been on the cards for a few months now, cement, steel and other commodities have pushed up as well while prices in the auto sector and consumer durables are now set to factor in these rises in input prices. To make matters worse, it is not just domestic prices but global food and commodity prices that are trended up. Whether it is sugar or iron ore, the story is the same, we are to expect higher prices ahead. Now in such a situation, is it feasible to look forward to a benign inflationary environment in 2011? We anticipate consumer price inflation to stay (at best) around the 8-9% range in the year ahead. Clearly there are structural issues at play here that need to be dealt with, especially when it comes to food – anticipating the implications of erratic weather, higher productivity, better storage, processing, market reforms, the list is long and well known. There are of course other reasons lending a hand to inflationary pressures, as we have said all along, the higher fiscal deficit necessitated by the crisis is one of them, government programmes that have boosted rural incomes through higher MSPs is another and so on. And then there is all the cash floating around as high government expenditures on infrastructure and social spending brings with it the baggage of what has always euphemistically been termed ‘leakages’. So the economy is heating, though thankfully it is under some control. But the RBI has a tough job ahead. Of course, a better fisc and efficient food management could make its life easier, but the government is either unwilling or unable to oblige. | ||||||||||||||||||
| Sumita Kale and Laveesh Bhandari | ||||||||||||||||||
10th January 2011, Indicus Analytics | ||||||||||||||||||
Sumita Kale is Chief Economist, and Laveesh Bhandari is Director, Indicus Analytics. They can be contacted at sumita@indicus.net andlaveesh@indicus.net | ||||||||||||||||||
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| Economic Growth | ||||||||||||||||||
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| Read:The story behind the PMI data | ||||||||||||||||||
| Read:IMF pegs India’s GDP growth at 8.75% | ||||||||||||||||||
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| Inflation | ||||||||||||||||||
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| Read: Inflation pressures rise in emerging Asia | ||||||||||||||||||
| Read: High agri commodity prices a concern: FAO | ||||||||||||||||||
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| Read: China central bank says inflation a priority | ||||||||||||||||||
| Read: ECB rate hike likely sooner than expected | ||||||||||||||||||
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Provogue india good for long and short term take 62-58 TRG-72-76 ofter January i will be give more returns
city union Bank TRG-55....diamond power TRG-269.....jain irrigation -BUY....GAIL -BUY
0 comments Posted by Nse at Tuesday, August 10, 2010city union Bank TRG-55....diamond power TRG-269.....jain irrigation -BUY....GAIL -BUY
ROCKET STOCK.... SPEL SEMICONDUCTOR LTD At 17.7/-; TARGET 29/- & 45/-
1 comments Posted by Nse at Thursday, April 29, 2010
BUY "SPEL SEMICONDUCTOR LTD ". At 17.7/-; TARGET 29/- & 45/-
4th Quarter Results will be announcing on May 3rd ; Results Expected to be Great.. Markets Expecting EPS will 4.5/- (Annulized) PE just 4 Average PE for this Industry 18 as per this stock will zoom to 29/- minimum after Results.
SPEL SEMICONDUCTOR LTD Trading in BSE at 17.7/-in B Group. (BSE Code- 517166) Target 29/- & 45/- for short term. Safe Investment at 17.7/-. Face Value 10/-; Company having good Fundamentals and good Financial background and Good Managament and Company having good International prestigious Clients from UK, USA, Erope, Denmark, Canada, Spain, Germany, France, Italy and Holland.
And in Market rumors also Promoters Stake is 57% planning to sell at 29/- soon to Big company… In this market Safe investment for this Stock at 17.7/- With target of 29/- & 45/-.
3rd Quarter already company Announced 300% up Net profit at 2.42 Cr and 4th Quarter will Annonce 3rd May Expecting Net Profit will zoom 400% at 3.9 Cr with Annualized EPS 3.5/-
See My last 6 Months Fundamental calls 1) SE Invest given at 185/- Touched 800/- 2) Bihar Tubes Given at 57/- Touched 127/- 3) IFCI given at 42/- Touched 57/-4) Gujarat Borosil Ltd given at 11/- Touched 17/- 5) VIKAS WSP given at 21/- Touched 35/- 6) Techtran Poly given at 12/- Touched 25/- 7) SURYA PHARMA given at 90/- Touched 187/- 8) SANJIVANI PARENTAL given at 23/- Touched 65/- 9) PONNI SUGARS given at 57/- Touched 1502/- 10) RPG LIFE SCINCE given at 23/- touched 78/- 11) EASTERN SILK given at 14/- touched 19/- 12) Comp-U-Learn given at 5/- Touched 35/- (7 times return). 13) Moldtek Plastics given at 32/- Touched 63/- 14) Sathvahana Ispat given at 17/- Touched 53/- 15) Celestial labs guven at 13/- Touched 43/- 16) Navabharath given at 130/- Touched 435/- 17) Compact Disc given at 39/- Touched 94/- 18) Dena Bank given at 35/- touched 85/- 19) Vijaya Bank given at 23/- Touched at 53/- 20) Hotel leela given at 23/- Touched 53/- 21) Hyderabad Industries given at 237/- Toched at 635/- 22) Infotech Enterprices given at 127/- Touched 400/- 23) Natco Pahrma given at 47/- many times Now Toched 175/-
SPEL Semiconductor Limited is India's first & only Semiconductor IC Assembly & Test facility. SPEL pioneered the Outsourced Semiconductor Assembly & Test Services (OSAT) market in India and continues to steadily do so. SPEL is a trusted & strategic contract manufacturing partner for many of the world's leading Semiconductor companies.
SPEL initially supplied to the domestic market. SPEL soon acquired the expertise to serve the global market. SPEL's Customers are some of the biggest Integrated Device Manufacturers (IDMs) and Fabless Companies in the United States and Asia. SPEL offers Packaging Technology for Semiconductors used in diverse end-market applications including Communications, Consumer Electronics and Computing.
SPEL provides full turnkey solutions that include Wafer sort, Assembly, Test and Drop-shipment services which help Customers accelerate time-to-revenue for their new products. SPEL also offers value added services such as Package Design, Failure Analysis and Full Reliability Test, Test Program Development & Product Characterization.
With its manufacturing facilities near Chennai, SPEL has 600 employees and offers more than 100K square feet of manufacturing space. SPEL is certified for the ISO 9001:2000, ISO 14001:2004, & TS 16949:2002
SPEL Semiconductor Limited, Indias first & only semiconductor IC Assembly & Test Company, was able to maintain its revenues stream in spite of the present global economic scenario. Announcing its unaudited results for Q3 FY 09-10, SPEL reported sales of Rs 22.09 Crores ( 14% growth in rupee terms compared to same period last year) with a PAT of Rs 2.42 Crores (Rs.3.87 lakhs for the same period last year FY 2008-09). The performance during Q3 FY 2009-10 improved due to increased sales coupled with the Industry stability. And Quarter 4 Results will declare May 5th Expecting Turnover is 35 Cr and Netprofit 5 Cr because from the last Quarter company growth is very very good. So last Quarter results will be very very good.
While the Global Semiconductor Industry showed negative trend, SPEL surged ahead with a positive growth during 2009. The recession created a vacuum for new products and technologies which in turn creates a growth market. The inventory burn and lack of orders have created a huge backlog for customers and suppliers in general and they aim to attain sufficient inventory levels for all their customers as demand continues to grow.
Management had introduced various Cost and Energy saving measures during the previous quarter. These have started producing results during this Quarter itself. Due to these proactive approaches SPEL has been effective in riding the recession wave and emerge out of it with negligible impact.
According to many industry experts in the Semiconductor industry, the year 2010 would see an industry growth of around 10% to 14% while some predict growth as high as 22%. In any case, the industry is gearing itself to start the New Year with a positng to market firms Gartner & WSTS, the semiconductor industry saw a decline of 11.4% in 2009 reaching to US$226 Billion. With the first signs of recovery starting in November 09, Industry is poised to grow 12.2% in 2010 reaching revenue of US$ 249.6 Billion and continuing into 2011 with a CAGR of 2.8%.
To tap this opportunity SPEL has invested, from internal generations, Rs.7 Crores during FYQ3. This will increase the annual capacity by 27 Million units and will yield additional annual revenue of Rs. 8.5 Cr. This will soon be followed by another major capacity expansion with investment of about Rs. 26 Cr.
As per this total value per stock is nearly 35/- above. Stock Trading at 17/- is very cheep Price. As per this Minimum Stock Price will go to 29/- +++ in future minimum. But I will tell definitely Stock Value is More than 45/-+++++++++. Last Quarter company declared Turnover 23 Cr and Net Profit of 2.5 Cr. Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 17/-; Compare to all stocks good value at present Market situation.
Share Holding Pattern:
Promoters : 57.5%; FII's 2.5%; Corporate Bodies : 4%; Public only 36%
This company has a great future. Even if we give a conservative P/E of 10 (Industry Avarage PE was 18), It should be trading at Rs. 29+ based on FY 2009-10earnings. So there is a long way to go. Investors with faith in SPELS management and having patience will definitely earn a lot based on Value of Stores and Global Brands and Profits.
Possitive Points for this stock for Up moving:
1) SPEL SEMICONDUCTOR LTD trading at 17.7/- trading in BSE Company Stocks not participated for recent Rally; Now Its good bet to Buy because of Company giving good IVth Quarter Results on May 3rd. Best Time to Buy at 17.7/- with Target of 29/- & 45/- Short time.
2) Mumbai Bulls and Operators are accumulating at current price. Because Stock is available at very cheep price at 17.7/-; Compare to all stocks good value at present Market situation. Good Profit making company; company Annonced good Net Profit in 3rd Quarter and Expecting 4th Quarter results is Great at EPS 4/-
3) FII's are interesting to invest because Company having good Value and Promoters Holding 57%.
4) Company Projected EPS for 2009-2010 is 3/- and 4th Quarter results Expected EPS was 3.5/- (Annualized).
5) 10/- Face Value stock Available at 17/- with EPS 3.5/- and Good Fundamental Company. No risk at Present rate at 17.7/- with target of 29/-
Enter current price at 17.7/- Short term Target 29/- & 45/- Strong Fundamentals.
Happy Investing...
Buy BHAGYANAGAR INDIA LTD at 28/- Target of 45/- ++++ Within Short Time
0 comments Posted by Nse at Friday, January 22, 2010
Buy BHAGYANAGAR INDIA LTD at 28/- Target of 45/- ++++ Within Short Time.
BHAGYANAGAR INDIA LTD Trading in NSE & BSE (CODE: 512296) at 28/- Target 45/- this month; 3 Months Target is 75/-;
BHAGYANAGAR INDIA LTD is Hyderabad Based Company; Equity 14.9 Cr, Promoters having 59% Holding.
Risk free Investment and High Value Stock at current price at 28/- Because company Buy-back is going on at 26/- to 40/-, and good Reserves and Good Land Bank nearly 105/- per share; Any time will go to 45/- minimum.
Recently Company Buy Back Process Started on November 24th 2009 between 20/- to 40/- for 50 lakhs to 1 Cr shares and already bought 30 lakhs shares between 26/- to 31/- (check nseindia dot com for details) Total Allotment money is 20 Cr . Now will start move up to 40/- to 45/- within 2 weeks time.
Just Buy at 28/- and hold 2 weeks will get 50% Return. Current Market situation Its risk free Investment at 28/-.
Some good News coming-out soon. Buy happily and get 50% return minimum short time.
Check all Buy back Stocks all are get 300% to 500% compare to buy back rate. So Just buy and Hold and watch and sell with 50% return minimum.
Bhagyanagar India Ltd., the flagship company of the group has diverse business such as copper products, Jelly Filled Cables, Real Estate & Infrastructure. The company is also into Wind Power generation with an installed capacity of 12MW in Karnataka.
The major clientele for these cables are Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Limited. The Company is also supplying its products to Railways Defense and other Public/Private Sector organizations.
Company doing very good profits and 30% dividend Paying company and good Reserves and good Book Value and good Valuation of Land Bank. Because of good reserves company doing Buyback at 40/-.
Bhagyanagar India Ltd has Huge Land Bank
1) 25 acres of land in Gachibowli, IT Coridor, Hyderabad.
2) 5.5 acres of land in Uppal, Hyderabad
3) small pieces of land in Shamshabad, Hyderabad
4)3-4 industrial plots in Nacharam, Hyderabad
5) Huge Industrial land in Goa.
6) 50 acres in SEz in sricity near Chennai
7) 40 % stake in Surana ventures Ltd
8) 58 acres Near Vizag
Based on general information generated on net I feel these properties other core copper bussiness should be valued at 700 cr conservative basis.Copper bussiness shgould have Mcap of 100 crores.
So Conservative net assets of the company should be at 800 crores. which comes at 105/- per share.
However considering Management is of not so high credentials and small size of company it should be valued at 50 % of Net asset value atleast.So share price should be 55/- Rs minimum. But co interested in buyback so operator dares to get in the stock. However as soon as some operator gets in share price might fly to 45 + levels.
Ignore Current Market fluctuation. Just Buy at 28/- and hold Short term will get 50% Return. Current Market situation its risk free Investment at 28/- with target of 45/- ++++++++++ Minimum. 3 Months Target 75/-
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