SPECIAL REPORT - Stocks & Its Analysis

Last Week shown good delivery base buying in the market. High volume, liquidity, depth showing coming of investors interest into the market back. Huge delivery base buying proves to be base of good bull run ahead, last remained very eventful, inflation again rose approx., 0.4%, IIP data were positive. BHEL, L&T, R packremained key gainers last week. Next week is expected to be the most important week as many major events like corporate result fillings, corporate announcements are going to be most influential to the Dalal Street. Hence in the coming short week of three days is expected to have low volume & Depth. I wish my investors should not loose patience, Market to see Bull Fase again, but a very small correction will add more energy & strenghth to the market.

Astrological Outlook

15/04/2008, Tuesday

We don’t advise you to take any kind of delivery this week. Next week is not better than this week. • Opening may be good this week. Firstly it may make a bullish wave and then suddenly it may lose the strength. • The phase during

10:55 - 11:55 is very indecisive. We advises you to trade as per your personalized prediction.
•11:55 to 12:55 Nifty may maintain downtrend.
• 12:55 to 13:55 We advise you to book your profit by jobbing only.
• 13:55 to 14:55 market may take a little dip as compared to its previous sentence.• From 14:55 to 15:30 noticeable buying is foreseen in Nifty. But We
•advises you to watch global market’s strength, yourpersonalized prediction, your own investment capacity respectively.

16/04/2008, Wednesday
• We foresees that the market may open above the surface but it is capable enough to show the lower values till 10:10.
•10:10 to 10:40 Big Bears may do a bearish trade to book their profits.
• 10:40 to 12:30 Ganesha advises you to trade according to your personalized horoscope.
• 12:30 to 14:00 noticeable buying is foreseen in Nifty, but this condition may not be applicable for your scrip. • From 14:00 to 14:30 We expect downtrend in Nifty.
• 14:30 to 15:30, active participation of mutual funds and FII traders may take Nifty up.

17/04/2008, Thursday
• We advise to the natives of Leo and Aquarius that they should not take hasty decisions.
•09:55 to 10:37 market may be opened in a bullish pattern but unexpectedly it may show lower surfaces.
• The phase during 10:37 – 12:15 is very uncertain. We advise you totrade as per your personalized prediction.
• From12:55 to 14:35 market may try to go up after a strong fall.
• From 14:35 15:30 Ganesha advises you to trade by putting stop-loss. Market may be traded in bullish force.

Index View

Sensex : 15807-15300-16500 • Nifty : 4771-4650-4850

Bse index (15807.64):- Market is likely to see reactionary upward movement after touching the bottom of 14677.24. The market shows neutral position on daily and weekly basis, where as it shows oversold position on monthly basis. The market may move up once it crosses the level of 16000 and may touch the upper level of 16237, 16453 and 16685. It may go beyond if it succeed in crossing the 16685 and may touch upper level of 16900 and 17000. On lower side the market has first support at the level of 15297. It the market dipped down and break the first support level may further go down to the level of 15050 and 14677. The current market movement is a cut piece movement. Investors who intends to fish in troubled market can take delivery after giving deep thought in company with sound fundamentals.

Nifty (4777.80) :- Nifty is likely to see reactionary upward movement after bracing the bottom level of 4468.55. The nifty shows neutral position on daily and weekly basis and oversold position on monthlybasis. It may move in the upper range after it is quite high and it may touch 5170 Level before APRIL – 2008...!!!

SENSEX. :- Sensex opened the week at 15390, made a high of 15957, low of 15321 and closed the week at
15807. Result was net weekly gain of 464 points. The trendline resistance is at 16063-16259-16800. The long term
resistance is now falling at 16800. The trendline support is at 15587. For the week ahead the

Resistance is at 15950-16240-16450-16685. Support is at 15655-15590-15465-15300.

NIFTY. :- Nifty opened the week at 4631, made a high of 4816, low of 4628 and closed the week at 4777. Net
result was a weekly gain of 130 points. The trendline resistance is at 4920. The long term trend line resistance is also
falling at 4925. The result will be that the Nifty will find it difficult to overcome the resistance at 4925 and any resultant
close above that will make the upward move very sharp and powerful. The support at 4628 level is very critical
as the two week low is the same and there is a double bottom formation. So keep a stop loss of 4628 for all
your long positions. Nifty futures has closed at a minor discount of 3 points. The trendline support is at 4696-4749.
For the week ahead, Resistance is at 4815-4915-4970-5020. Support at 4720-4670-4630.

* The market is expected to be in range bound with 15300 as support and 16200 as resistance. Any breakout in any direction may decide the trend.

* RIL, MDA group is looking attractive, with Ril taking a lead support is Rs.2420 and resistance

rs 2520 crossing and closing above 2520 will show real power for bulls. RPL is also moving up a crossed Rs 175/- now first target is 185/-. Closed above may show 193.

* ADA group- All three energy, capital & power slowly showing support at lower levels. The time was gone for going short and earn. Now change policy , buy at low and sale on rise no short.

* Satyam- Bull syndicate is very confidence. They feel that at the time of result share price may cross 460/-. The best thing is to buy on decline.

* ABB and Alstom projects are looking good for investments.

* It is surprising that when market is down companies are coming out with buy back offers. After great off shore, JB chem. Has joined the wagon. We feel that avoid such offer

Tisco looks good around 670/675 for trading and investment.

Opportunity to earn hefty return in Orient Abrasives
yashraj Cont. : potential return of 100 per cent in a year

Rumors of mergers of RIL and RPL and offer of 20:1 shares
Italian company’s open offer to Hind Oil : HNI eyes on Praj engineering
Plethico Pharma’s Dubai connection : XL Tele bags order worth Rs. 154 crore
Investors rush to purchase stocks of IL&FS : Dabar to take personal care
Indication of Bull Run in Idea : Target price of L & T is set at Rs. 4000
· Madras Cement to provide sound return : Unity Infra to see huge buying

Reliance to sell 10 % in D-6 block

No more doldrum over Orchid’s hostile takeover

Mercator lines to invest Rs. 4K for new dredgers and bulk carriers

Sasken Comm. to buyback shares

Here is given Some GLODEN STOCKS/TIPS for the week

One can buy Cairn at 252 for a target of 258-273 and sell Nifty futures as a hedge.

BSE SENSEX Closing 15808 Trend Positive… :- Buy only abv 15846 Stop loss 15753 Target 16088 16146 16331 16424 If unable to sustain abv 15846 Sell , with a STPL of current high , Support @ 15753 and below 15753 Support @ 15638 15545 Sell below 15545 Stop loss 15638 Target 15303 15245 15060 14967

NIFTY Future 4772 Trend Positive… :- Buy only abv 4791 Stop loss 4766 Target 4820 4855 4875 4920 4944 If unable to sustain abv 4791 Sell , with a STPL of current high , Support @ 4766 and below 4766 Support @ 4736 4711 Sell below 4711 Stop loss 4736 Target 4676 4647 4632 4582 4558.

NIFTY close up by 130 points it seems that if NIFTY rule above 4950 in coming week than we might see extension of this rally Infosys results on Tuesday will decide the market trend.

WEEKLY RANGE:- NIFTY:- 4650-4950

ADLAB FILMS APRIL FUTURE 644 :- Buy above 645 with a stop loss of 633 for a target of 673 in next 5 to 7 days.

BEML APRIL FUTURE 981 :- Buy above 980 with a stop loss of 965 for a target of 1010 in next 5 to 7 days.

GDL APRIL FUTURE 109 Buy above 110 with a stop loss of 105 for a target of 117 and above in next 5 to 7 days.

TATASTEEL Future 692 Trend Positive :- Buy only abv 694 Stop loss 685 Target 716 721 737 746
If unable to sustain abv 694 Sell , with a STPL of current high , Support @ 685 and below 685 Support @ 675 667 Sell below 667 Stop loss 675 Target 645 640 623 615 If unable to sustain abv 721 and coming down below 716 Sell , Stop loss 721 or recent high Target 694.

SIEMENS Future 621.40 Trend Positive :- Buy only abv 620.63 Stop loss 610.89 Target 646.15 652.17 671.67.
If unable to sustain abv 620.63 Sell , with a STPL of current high , Support @ 610.89 and below 610.89 Support @ 598.84 589.10 Sell below 589. Stop loss 598.84 Target 563.58 557.56 538.07 528.32.

RANBAXY Future 445.80 Trend Negative :- Buy only abv 471.56 Stop loss 464.41 Target 490.30 494.72 509.03 If unable to sustain abv 471.56 Sell , with a STPL of current high , Support @ 464.1 and below 464.41 Support @ 455.56 448.41 Sell below 448.41 Stop loss 455.56 Target 429.67 425.25 410.93 403.78

Orient Abrasives Ltd (Rs 22/ Rs 1 F.V.) : This Delhi based company had issued 1:1Bonus and stock split in 2006. Last year, it sold one of its low-margin factory to Grindwell Norton. Now, company is concentrating
on making Grains which is raw material for Abrasive industry. In Oct 07, company has commissioned 8 MW power plant which will meet its entire power requirement. Power is a major cost factor in production of Grains and company should save more than 6 crs per annum in power cost alone. As a result, its PAT for Dec quarter shot up to 5.06 crs as against 3.78 crs in Sept quarter. For 9 month ended Dec 07, it has achieved sales of 166 crs and PAT of 12.13 cr on equity of 5.98 crs. For 08-09, company is likely to report PAT of 22-23 crs with EPS of 3.80-4.00. Scrip is available at 5.50xFY09E EPS. Its price was Rs 42/ just 3 months ago. CMP is 50% discount to recent high. Investors can buy this scrip immediately as it should give 60-80% appreciation in next 6months only

Kalpana Industries ltd (Rs 97/) : This Calcutta based company is in production of PVC and XLPE compounds which is raw material for cable industry. Since, cable industry is expanding rapidly and is booming, demand for Kalpana is rising with assured margins. For 9 month ended Dec 07,company achieved sales of 312 crs and PAT of 15.15 crs on equity of 11.55 crs. EPS for 07-08 should be 19. Company has recently completed its expansion program and EPS for 08- 09 should be 27-30 range. Share price had flared to 208/ just 3 months ago. It has almost bottomed out and intelligent investors are doing bottom-fishing as scrip can rise to Rs 175/ levels in just 6-9 months.Company is targetting to achieve topline of 1000 crs by 2010 as against expected sales of 400 crs in current year.

3. Yashraj containers ltd (Rs 46/) : Share price has crashed from recent high of Rs 123/ despite much improved performance which makes it an excellent buy. Company is manufacturing containers for indusrial use. Company has gone for expansion of its capacities by setting up new factories in Kanpur and Madras. For 9 month ended Dec 07, its turnvoer stood at 55.20 with PAT of 8.86 crs on small equity of 7.80 cr, giving EPS of 11.35 for 9 months. With expected EPS of 15 in 07-08 and EPS of 19 in 08-09, scrip is dirt cheap. Almost risk-free. Share price will come down only if market crashes. If market remains stable, it is bound to provide terrific appreciation.

4. GMDC Ltd (Rs 310/ Rs 2 F.V. Cum-bonus 1:1) : Since mining industry will not have any recession for next few years, this PSU of Gujarat govt makes one of top picks in mining sector. Company is in lignite mining and has recently set up lignite based power plant as well. Announcement of Bonus shares in middle of the year, without waiting for year ending, clearly shows that management is confident of fabulous results in coming quarters. A must buy for everyone. Scrip is down 40% from recent high and was recommended by big brokers/analysts. On ex-bonus basis(CMP is cumbonus), scrip can bounce back to 300/ levels in less than 15 months.

NMDC Ltd (Rs 1450/ Re 1 F.V.) : This PSU is the largest exporter of iron ore exports from India. Until last week it was Rs 10 face value. CMP is cum-bonus 2:1(2 shares for every 1 share held).For 9 month ended Dec 07, company reported topline of 3817 crs and PAT of 2234 crs. PAT for 07-08 should be around 3300 crs on equity of 132 crs. It may sound unbelievable but PAT of 08-09 can touch nearly 5000 crs (if Govt dont ban or put some restrictions on iron ore exports).Post Bonus, equity will rise to 400 crs.Floating stock is not large as govt holds 98% stake. As against earlier market lot of 100 shares, now market lot is 1 share and hence, scrip is likely catch fancy of investors. Investment at CMP can give minimum 50% apprciation in 6-9 months

Jubilant Organosys (Rs. 359.00) (Code : 530019) :- It is an integrated pharma company with range of products and services for global life sciences comapnies. It is one of the largest custom Research and
Manufacturing services(CRAMS) and drug discovery-development services company in the country. Last week Jubilant acquired Canada based Draxis at 25.5 crore dollars. It raised 12 crore dollars through internal
accruals and the rest through debt. Draxis provides products categories of sterile products, non-sterile products and radio-pharmaceuticals. It is its fifth acquisition in last five years. At current price of Rs. 345, It quotes PE ratio of 14.70. Invest in this scrip for 12 to 15 months.
TRADERS : - Buy with a stop loss of 345 for a target of 406 in next 5 to 7 days.

Usha Martin (517146) (85) : Buy at decline. Stock price may reach the range of Rs. 110 to 120.

* Kalyani Steel (500235) (235) : Buy at price of Rs. 220, with stop loss at Rs. 210. You may be included the scrip in portfolio for 2-3months with target price of Rs. 300 to Rs. 330.

Adhunik Metal(532727) (131) : Some groups are buying the scripand the stock is likely to touch price of Rs. 200/250in 2 to 3 months.

Prithvi Info (532675) (164) : Invest at Rs. 150, with stop loss at Rs. 140. Stock may see a peak of Rs. 240/250.

Punj Lloyd (Rs. 331.00) (Code : 532693) :- Punj Lloyd is a diversified infrastructure company which has focus on engineering and construction along. It is also active in power, cement, and hospitality business. Recently its subsidiary from Singapore has bagged projects worth Rs. 1864 crore. With these new projects, Punj Lloyd’s order backlog has gone to Rs. 21,409 crore. In recent market correction, this has been utchered by traders and all type of investors. Still, its fundamental has not changed yet. Buy this scrip for short term and also for long term investment.

Gujarat NRE Coke (Rs. 157.00) (Code : 512579) :- This is very highly volatile stock with good fundamental. Few days back it was at about Rs. 180 and then came heavy correction, the stock was in double figure at once. But after that, it bounced back with fire and went to its original zone of Rs. 170. At present it is at Rs. 157. Recently Posco has agreed to pay 200 per cent more price to its Australian suplliers of coking coal. With this news spread, all over the world coking coal companies are in demand, whether it is Wall Street or Dalal Street. Macquaire has maintainded “outperformer” rating for this scrip. Coke price are continuously rising since last several months, which is beneficial for this company. The stock at this level quotes PE of 7.5 which is very attractive. Buy immediately

Ranq Aqva (520073) (18) :
Buy for short term with stop loss at Rs. 15. The stock may see peak of Rs. 32 to 35 after it reaches closes above Rs. 25.

FEDDER LOYD 54 :- Buy with a stop loss of 49 for a target of 65 in next 3 to 5 days.

Sail (162) buy at CMP for objective of 168/173 area. Now break above 168 than should lead the stock towards 173/181 area. Keep stop below 156 area. Very positive bias for this stock.

Praj Ind. (140) Intimate buy position in April future on any dips to 137 area. For an objective of 146. A break above 146 will stock indicate strength in the upmove. stoploos below 133.

MTNL (99.5) Buy April future with stoploss below 94 for an objective for 109/117 area. intimate 10 days position..

Nucleous Soft (231) Buy future at any decline rate nr. 225 with stoploss below 219 area for an objective for 239/245 area. intimate 5 days position.

Tata Chem. (325) Buy future at rate nr. 315 with stoploss below 310 area for an objective for 336/345 intimate 7 days position

LIC Hsg.(288) Intimate buy position in April future on any dips to 280 area. For an objective of 305. A break above 305 will stock indicate strength in the upmove. stoploos below 275.

Punj Lloyd (328) Intimate buy position in April future on any dips to 320area. For an objective of 346. A break above 346 will stock indicate strength in the upmove. stoploos below 311.

HPCL (247) Buy April future with stoploss below 238 for an objective for 259/267 area. intimate 10 days position..

Polaris (88.5) Buy future at any decline rate nr. 84 with stoploss below 81 area for an objective for 94/105 area. intimate 5 days position.

Arvind (41.5) Intimate buy position in April future on any dips to 40 area. For an objective of 46/49. A break above 49 will stock indicate strength in the upmove. stoploos below 35.

Hanil Era(500177) (11) : You may consider the scrip for long term investment. Stock price is likely to cross Rs. 25 to 40.

Laopala(526947) (28) : Invest with the stop loss at Rs. 24. After crossing the range of Rs. 30, may reach Rs. 45 to 50.

Cybertech(532173) (18) : May be purchase for short term. With the price movement, it may reach the level of Rs. 30 to 35.

Sunshiel(530845) (22) : Increase investment at every decline. Scrip is likely to move up after creating bottom at the price level of Rs. 15. The stock may see a peak of Rs. 30 in medium term and Rs. 50 in long term.

Jenburkt(524731) (28) : Buy with stop loss of Rs. 24 and target price of Rs. 40.

Bal Pharma(524824) (36) : Buy at every decline. Stock may see the top of Rs. 50 in coming months.

Autolite(500029) (69) : Purchase the stock with stop loss at Rs. 60 You may earn hefty profit
as the stock is likely to touch the price range of Rs. 90 to 110.

RCF(524230) (57) : Invest at Rs. 55. Price may hit the top of Rs. 100.
SHORT TERM : Buy with a stop loss of 53 for a target of 66 and above in next 5 to 7 days.

Everready(531508) (39) : Invest with stop loss at Rs. 36. Price is likely to see the top of Rs. 45 to 55.

Nelcast(532864) (111) : Buy at Rs. 105.It may see the top of Rs. 150 after crossing Rs. 125.

Vimta Labs(524394) (86) : fine investment, buy with stop loss at Rs. 80. The stock is likely to touch top of Rs. 130 to 150.

Krone (523411) (120) : Buy with stop loss at Rs. 110 Price may reach the top of Rs. 150 to 160 in around two months.

Inox Leisure(532706) (105) Buy with stop loss at Rs. 97. The stock is likely to touch top of Rs. 130 to 150 after it cross the range of Rs. 110.

Mukund Ltd. (500460) (85.5) : Buy with stop loss at Rs. 80 and target price of Rs. 110.

Tata Coffee(532301) (220) : Buy in the price band of Rs. 200 to 210 with stop loss at RS. 190.
Investor is likely to reap benefit of top price of Rs. 300 to 350.

Cheviout(526817) (230) : Buy for short term with stop loss at Rs. 210 and target price of Rs. 325 to 350.

United Brew. (532478) (180) : Buy in the range of Rs. 170 with stop loss at Rs. 155. Stock may see the top price of Rs. 300 in short duration.

BASF(500042) (204) : Invest considering Rs. 190 as a bottom price. The stock is likely to touch peak of Rs. 230 to 250.

RAP MEDIA : ( 115 ) : It is suggested to buy with SL of RS 103 for the target of RS. 129 – 147 below at RS 103 it can slip up to RS 97 – 91 level. Crossover above Rs.147 level will take the stock to Rs. 160.

GULF OIL : ( 108 ) : Buy at Rs 101 levels considering minor support of Rs 96 and stoploss of Rs 91 for an upper target of Rs 119 – 123 levelsBelow Rs. 91 it can slide upto RS 86 and RS 81 levels.

KHODE INDIA : ( 138 ) : Operator based buying has been there in this stock. It is suggested to buy at
RS 130 with SL of RS 123 for the target of Rs 153 – 161; below RS 123 it can fall up to RS 116 - 112
levels. If it crosses Rs 161 level than expect non stop rally up to Rs 177.

MARG LTD : ( 216 ) : This CONSTRUCTION stock is looking very good to buy at Rs 208 with SL of RS 201 for the target of RS 234 – 245 levels below Rs. 201 stock shall witness free fall.

IOL NET COM : ( 107 ) : Buy delivery of this stock at current levels with SL of Rs 99 for the target of Rs 119 – 126 level. It is very good for long term position also.

TEMPT FOOD : ( 184 ) : Buy at Rs 180 With SL of RS 173 for the target of RS 199 – 212 level below Rs.173 it can show further downfall up to Rs 161

Tata Motors (Code :500570) : Tata motors recently took charge of one of the best British car brands-Jaguar and Land rover. It paid 2.3 billion dollars for it. So now it will offer cars with the range of Rs. one lakh to Rs. 1 crore. It spends Rs. 3500 crore annually on capital expenditure. Tata Motors has come out with good numbers in December. Its quarterly earnings was Rs. 8364 crore and net profit was Rs. 499 crore. It has become technologically very sound with this latest takeover. Its Nano is going to come out in the market in months to come. Recently company has decided to take Nano to Africa. So there is huge demand for this cheapest car on the earth. At Rs. 679, it is quoting PE of 13. If you want to go for a long ride, this is the horse you can bet on

RELIANCE IND : ( 2550 ) : : Reliance Industries has, in recent times, made number of announcements, from terminal foray to dairy business. Its refining, petrochemicals, oil exploration-production, retail and SEZ all business are in full command. Reliance Petroleum is also going to start production in July or September. It will also boost this parent company. The integrated structure of its petreochemical business will provide a cushion against any cyclical downturn. Its Retail business has been generating good amount of revenue and its share is set to become bigger. Recently company announced that it will foray into making rigs. At present it has been paying huge amount on rent for rigs for its oil exploration activities. Now, this cost will be there, but also there will be assets. Company will start its telecom project in Uganda with the investment of 20 crore dollars. Also company is coming out with Milk. It will be Amul’s rival now. So, from oil to milk, there will be Reliance. Grab this evergreen scrip for long term.
TRADER :Buy at Rs 2525 with SL of Rs 2507 for the target of RS 2590 – 2610 levels. It is very good for medium to long term investment.

Nestle India (Code :500790) : Munch, Nescafe, POLO, Maggi 2-Minute Noodles all these are very successful and popular
brands that we have grown up with. All these products are from Nestle India (NIL). Being a part of the FMCG sector NIL is least affected by inflation and it is our choice scrip in this issue. NIL is set to show another round of good results after a marvelous performance in CY07. It is a value buy at the current level because NIL is expected to maintain its growth in the domestic and exports markets where it has achieved a great degree of diversification. Nestle has four segments: milk products & nutrition (43.20 per cent of revenues), beverages (19.79 per cent), prepared dishes & cooking aids (21.42 per cent) and chocolate & confectionery (15.59 per cent). It already has 15 strong brands (including value-added products) in milk products & nutrition, four in beverages, nine in prepared dishes and cooking aids and 11 in chocolate & confectionery. Last year the company added four new brands.It has managed to maintain the margins in the last two years. At CMP of 1,557.70 discounts its CY08 earnings by 26x which gives the scrip scope for further upward movement. Buy at least for one and half year.

3M India (Code : 523395) : Innovation driven product company 3M India is a 76 per cent subsidiary of Minnesota Mining and Manufacturing Company i.e. 3M. It has about 55,000 products in its portfolio. In India it offers more than 2000 products in the fields of automotive materials, healthcare, traffic/safety, consumer/construction etc. Automotive and specialty products is the key revenue driver with 35 per cent revenue comes from this segment. 3M posted 20 per cent growth in sales in the quarter ended December. Its net profit was up 38 per cent to Rs. 16.88 crore on sales of Rs. 157 crore. It mainly imports, converts and distributes 3M’s products with worldwide technological advantage. That’s why its imports account for about 40 per cent of sales.It is expected that 3M will register EPS of Rs. 75 in 2007-08. At CMP of Rs. 1800 it quotes at 24.3 times its EPS. Bue this stock at every decline

Hero Honda (Code : 500182) : Inspite of heavy slowdown in two-wheeler market, Hero Honda has decided to go ahead with its capacity expansion. It has, last week, announced to spend Rs. 150 crore on its Haridwar plant. This plant has been receiving many incentives from Uttarakhand government. It has been getting Tax holiday for 10 years nad income tax relief for five years. This is why company has decided to expand this plant. It has silently diversified in construction business with setting up company called Arrow Infrastructure. To begin with, company will build a Technology Park, two industrial parks and a shopping mall within the Haridwar plant complex over the next two years. Going ahead, all these measures will pay for the company. this is a long drive. Hold it and buy at decline.

ABG SHIPYARD BSE CODE – 532682 (EQ – 50.92Cr, CMP – 606.65)
ABG SHIPYARD CAN BE BOUGHT FOR A SHORT TERM TARGET OF 662 – 664

R-Com BSE CODE – 532712 (EQ – 1032.1Cr, CMP – 493.25) R-COM CAN BE BOUGHT FOR
SHORT TERM TARGET OF 530 - 532

Godrej Industries BSE CODE – 500164 (EQ – 31.98 Cr, CMP – 255.55) GODREJ INDUSTRIES CAN BE BOUGHT FOR A SHORT TERM TARGET OF 273 – 275.

L&T:- (CMP:- 2774) :-- LT, after improving from a low of Rs2612 to a high of Rs.3199, has reacted almost to slightly lower level Rs.2550. At the current price of Rs.2774 its all averages placed below all the averages. High risk traders can buy in the range of Rs.2755-2770 with a stop loss below Rs.2720 in close for a conservative upper target of Rs .2825 and an optimistic upper target of Rs.2875. City group has given target price of Rs. 4000 in the scrip. CAGR of the company is likely to be remain in the range of 25 per cent. The company has target to increase order book by 36 percent. It would be a top pick.

Reliance energy:- ( CPM:- 1281) :- REL, after improving from a low of Rs.1100 to a high of Rs.1354 has reacted to a level of Rs.1136.55. At the current price of Rs.1281, its all averages are placed below all the averages. High risk traders can buy in the range of Rs.1250-1270 with a stop loss below Rs.1230 in close for a conservative upper target of Rs.1308 and an optimistic upper target of Rs.1340.

BHEL:- ( CMP:-1829) :- BHEL, after improving from a low of Rs.1301 to a high of Rs.2925 has reacted to a level of Rs.1634. At the current price of Rs.1829, its all averages are placed below all the averages. High risk traders can buy in the range of Rs.1800- 1830 with a stop loss below Rs.1765 in close for a conservative upper target of Rs. 1890 and an optimistic upper target of Rs.1950.

KOTAK MAHINDRA BANK (638.55) :- KOTAK MAHINDRA BANK was also a out performer of last bull run. Its made a high of 1438 rupees on 07 Jan 2008 and after the market fall its show unwanted weakness to bulls and drastically fall to 537 levels. But in the current market positions this stock making a descending triangular pattern on charts and showing some strength with volumes, which supports exist at 610 and resistance exist at 670 levels. Traders can buy this stock near 610 levels with strict stop loss of 580 for the target of 670 levels. After a close above 670 it will march up to 800++ levels. Below 580 it can touch again 540 levels.

TECH MAHINDRA LIMITED (CLOSE:- 823.15) :- Due to weakness of tech stocks from last 1 year, this stock was also underperformer of last bull run. First its correct due to weakness of tech sector and after that market weakness pull it down to 575 levels. Due to good fundamentals of this stock one can buy it for very long term for good returns. On the technical basis this stock showing some strength on charts and break high of 814. Traders can buy it near 810 levels with strict stop loss of 770 for the target of 900 levels. Below 770 Target is 710.

ABAN OFFSHORE LTD :- (CMP:-3298) :- ABAN, after improving from a low of Rs.2232 to a high of Rs.5555 has reacted to a level of Rs.3049. At the current price of Rs.3298, its all averages are placed below all the averages. High risk traders can buy in the range of Rs.3240- 3270 with a stop loss below Rs.3225 in close for a conservative upper target of Rs. 3350 and an optimistic upper target of Rs.3440

Divi's Laboaratories :- Divi's Laboratories is fundamentally a very strong company. Its share which bottomed out at Rs 990.25 in August, 2007 then scaled to a high of Rs 1930 when the stock markets reached dizzy heights in January, 2008. The share of Divi's Laboratories collapse with the general market after it peaked out in January. It first slumped to a low of Rs 1100 within a few trading sessions when the market collapsed. Then the share rose only to fall back. But this time too, it fell to low of Rs 1100, and thus formed a double bottom pattern exactly at the similar low. This generally is a pattern that prompts a bullish te dency and the share of Divi's Laboratories showed exactly the same one in the past few weeks. It not only resorted to an uptrend in the last few weeks but also jumped up to close the last week at Rs 1429 after scaling to a high of Rs 1455 on Friday of the last week. At its close of Rs 1429 the share has crossed all the three moving verages and that is a signal that indicates a further bullish trend in the scrip.

KLG Systel :- KLGSystel which bottomed out at Rs 349.40 in July, 2007 then rose to a new high of Rs 1020 to corroborate with the general market condition which were highly bullish at that time. Then the markets suddenly collapsed and this share being no exception to KLG Systel .
Areva T D :- Areva TD is a financially very strong company and operating in a core sector which is scheduled to rise and rise for long future years. Its share which sold out at Rs 1293.20 at its low in August, 2007, then scaled to a new high of Rs 3280 in November of the same year. Since the share had gone up fast and more as compared to others it started declining before the market peaked out on Jan the general trend, fell and reached a low of Rs 400 a few days ago. After reaching such a low the share attracted buying support and resorted to an uptrend that helped it to rise to Rs 649 before it closed at Rs 635 on Friday of the last week. At its closing of Rs 635.85, the share has closed above its short term and medium term moving averages which is a preliminary sign that suggests a bullish break-out for the scrip. ary 10. The share ultimately fell to a low of Rs 1310 a couple of weeks ago and that turned out to be the final bottom level as since then it resorted to an uptrend which helped it to rise to Rs 1620 before it closed at Rs 1499 on Friday of the last week. The pattern that the share has created on its chart indicates a further uptrend in the offing and therefore, this is suggesyed for buying for medium to long term investing.

SUZLON ENERGY LTD:- (CMP:-290) :- SUZLON after improving from a low of Rs.220 to a high of Rs.417 has reacted to a level of Rs.235. At the current price of Rs.290, its all averages are placed below all the averages. High risk traders can buy in the range of Rs.260-275 with a stop loss below Rs.240 in close for a conservative upper target of Rs. 321 and an optimistic upper target of Rs.338

Orissa Sponge (RS 280/) : Earlier recommended to sell at much higher levels, scrip is still overpriced. Still 800% higher 52 week low of Rs 29/ Starting of ore mines may take long time and company may show losses in 08-09 as well. SELL

Sunil Hitech(BSE Code : 532711) :- This power project engineering company has posted improved performance for the nine months of the current fiscal ended 31.12.2007 with a net profit of Rs. 13.72 crore on a turnover of Rs. 193.94 crore against net profit of Rs.4.29 crore on a turnover of Rs. 98.47 crore for the corresponding previous period. For the entire 2006-07 the company earned net profit of Rs. 7.57 crore on a turnover of Rs. 144.80 crore. The company has orders on hand for Rs. 600 crore plus. Against equity capital of Rs. 10 crore, free reserves has swollen to above Rs. 60 crore as on 31.12.2007. Promoters have above 65% stake in the equity. Scrip is worth considering at every decline for medium to long term investment. It has high/low of Rs. 415/96 and currently quoting around Rs. 253.75 (FV Rs.10)

Texmaco (BSE Code 505400) :- This railway wagon, steel castings and hydro mechanical equipment
manufacturing company has reported excellent performance for the nine months ended 31.12.2007. As per unaudited results, the company has earned net profit of Rs. 38.61 crore on a turnover of Rs. 629.91 crore for the first three quarters against net profit of Rs. 17.49 crore on a turnover of Rs. 328.10 crore for corresponding previous period. For the entire 06- 07, the company reported net profit of Rs. 28.48 crore on a turnover of Rs. 476.13 crore, thus the top and bottom line has already crossed the full year’s figures. As on 31.12.07, the company had orders above Rs, 2000 crores on hand. The company is also exploring land development plans. Equity capital of Rs. 10.33 crore is supported by free reserves of Rs. 180 crore plus, making it a bonus candidate as well. This scrip is worth accumulating at declined levels for medium to long term rewards. It has high/low of Rs. 1966/786 and currently quoting around Rs 1310.00 (FV Rs.10)

Wire and Wireless (36.00):- On lower side the scrip may dipped to the level of Rs. 29.80. After touching the
bottom level it is likely to see reactionary upward movement. It shows oversold position on daily, weekly and monthly basis. The scrip has support at the lower level of Rs. 34.50 and 32.50. If the scrip crosses the level of Rs. 43
may further move up to the price level of Rs. 48.

Hindustan Zink (555):- The scrip is expected to see reactionary upward movement after it touches the bottom
level of Rs. 501. The stock shows oversold position on daily, weekly and monthly basis. The scrip has support at
the level of 527 and 501, where as it may move to the upper range of Rs. 570, 585 to 600.

IDBI (94.00):- The stock is expected to show reactionary upward movement from the bottom level of Rs. 81.55. It
shows oversold position on daily, weekly and monthly basis. Investors can buy the scrip with stop loss at Rs. 87. If the scrip moves in upward range beyond Rs. 94 it may touch the price level of Rs. 100 and 105.

Ashok Leyland (37.75):- The scrip is expected to see reactionary upward movement after it touches the bottom of Rs. 30.60. It shows over bought position on daily basis and neutral and oversold position on weekly and monthly basis respectively. It has good support at the price level of Rs. 34 and is expected

South Indian Banks (Rs. 149.15) (Code 532218) :- Price movement on the counter has increased
due to sale of derivatives products by the banks to the companies without providing them the due information. Small companies have tendencies to remain away from the derivative sale investors
are looking for investment in small banks. Taking advantage of poor sentiment investors are investing
their money in to the stocks of small banks.

GMR Infra (Rs. 142.35) (Code 532754) :- The infrastructure company has filed the bid for a power company. The deal is worth Rs. 900 crore If the company will succeed in bagging the order, scrip price may skyrocket with in no time.

Varun shipping (Rs. 73.70) (Code 500465) :- The company is under process of business expansion
of petroleum products like LPG, Crude oil and Petroleum products. Varun shipping has also planned to enter in to gas transportation sector. Company is moving toward sound financial performation, which would give
boost to the scrip price.

Modern India (Rs. 262.25) (Code 500315) :- The company from real estate and Infrastructure
sector, Modern India is expected to raise its capital. The company has also plan to develop its prime properties, which will result in positive movement in the stock price. Investors with high risk appetite
may invest in the scrip.

Global Vectra (Rs. 101.15) (Code 532773) :- The company is connected with manufacturing of Helicopters. It has 24 Helicopters in its hangar. The company has plan to enter in to capital market with right issue. The proposed issue will come by the end of calendar year.

GTL infra ( Rs.44.50) (code- 532775) - Essar telecom is expected to buy the company from
infrastructure sector. Essar has plan to merger with the company. Essar has offered cash as well as has offer some stake from the company. The deal will increase in its tower site by further 50%. Some brokerage house has started taking interest in the company under the positive effect of the deal. Interest in the scrip with intention of getting high return.

Sintex Industries ( Rs.413.15) ( code-502742) - Stock has entered in to bull phase with expectation of block deals. The stock quotes at Rs 413 in current market. Considering the better prospects and sound order book the stock price of the company is likely to cross the level of Rs 500 in coming days.

S Kumar Nationwide (Rs.100) (code-514304) :- Swift movement in the scrip price has taken place during last few days. Buy back offer by the promoters has generated current for the counter. Investors should include the stock in their portfolio.

CHD Developers ( Rs. 15.79) ( code-526917) :- The company has interest in construction, housing
and mall business. BCCL has bought shares of the company at the warrant price of rs 40 each. Movement is there on the counter due to swift development in the construction sector. The stock price may cross the 52 week high of rs 37.40 in very short period.

Torrent cable ( Rs. 224.80) ( code-504096) :- Torrent cable has tie up with Torrent Gujarat Biotech.The tie up arrange must has condition of stock split at the ratio of 1:1 . Stock of torrent cable has touched the peak price of Rs 440. Investors must grab the opportunity to buy the scrip at lower level.

Banco Products India (Rs.35.95) ( code-500039) :- The company has come up with buy back offer . Promoters have called board meeting for detail discussion on the issue on 17th April. Final buy back will be taken during the meeting. Due to the development some movement in the scrip price has been observed during last month.

Hindustan Oil (Rs. 136.00) :- Company has interest in oil and gas exploration sector. There are some movements in price of the scrip during recent past. HNI clients have maintained the 27 per cent share of the company. Investors with risk appetite may invest in the scrip

GAIL :- (442.75) :- Its outperform the market from 250-280 levels to 550 levels. In this drastic fall of January its made a low of 337 levels and in this consolidation face of market its again showing strength and making a triangle pattern on charts. This supports exist at 400 and the major resistance is 450. Traders can buy it near 400-410 levels with strict stop loss of 380 closing base for the target of 450 levels. After a close above 450 levels it wil ldrastically move up to 560 levels.

RPL ( 182.05) :- After making a low 108 on 22 jan 2008, this stock took resistance near 178-80 levels more then 3 times. On the lower side its take support near 140 levels and consolidate from 140-178
levels. From last 2-3 days this counter showing strength with volumes. So, One can Buy it with strict
stop loss of 170 for the Target of 215. Below 170 it can again come to 140 levels.
RIL promoted company, has annual refining capacity 2.9 crore metric ton. The company is ready to take advantage of bull phase in world refining cycle. Even talks of merger of RPL with RIL taking rounds in market circle and with swap ratio of 20:1 shares for the stake holders of the companies. On the basis of swap ratio price of Rs. 166 is bottom price for the RPL. RPL is likely to reap major benefit in current market scenario. Considering the future prospects of RPL current price level is attractive for the investment in the market.
TRADERS : Buy at decline for objective of 189/195 area. Now break above 191 than should lead the stock towards 198/205 area. Keep stop below 176 area. Very positive bias for this stock.

J. K. Tyres (Rs. 116.35) (Code 530007) :- The company is looking for good space to establishment of Greenfield plant for manufacturing of tyres. The company wants to increase its production capacity from 3.68 lac tyres to 8 lac tyres per annum. The company plans to invest Rs. 1182 crores for the development of the plant in next five years. Total turnover of the company was around Rs. 3206 crores during previous FY, out of which Rs. 500 crore earned through export markets. Considering the bright prospect of the company investors may invest in the scrip to reap good profit in coming months. JK Tyre & Industries Ltd on Friday announced the acquisition of a
$200 million mexican tyre - producing company torel for Rs. 270 Cr.

Himadri Chemicals (Rs. 422.00) (Code : 500184) :- Himadri Chemicals has been hammered heavily in this correction period of last three months. It makes derivatives of coal tar such as coal tar pitch, creostote oil and naphthalene. Coal tar pitch is primarily used in aluminium and graphite industries and Himadri has more than 70 per cent market share in this segment. It is growing very fast also. That’s why it has planned expansion at the cost of Rs. 1600 crore. Recently Himadri raissed Rs. 118 crore through preferential warrants allotment. It has acquired one company in Hong Kong.At CMP of Rs. 410, it trades at about 23 at its currunt year expected EPS. It is a value buy for medium to long term perspective.

Axis bank (Code : 532215) (Rs. 761.00) : It is the leading private sector bank growing rapidly since last five years. In Q3, Axis bank posted net profit of Rs. 307 crore compared to Rs. 228 crore in second quarter. Bank’s advances were Rs. 48632 crore, while depostis were Rs. 68551 crore. Its CASA deposits were higher than expected due to which cost of funds decreased for the quarter at 5.72. Its net interest margin improve to 3.91 per cent. Axis bank’s fee-based income jumped smartly. At present its book value is Rs. 242 per share. At about Rs. 1000 its share quotes PE ratio of 4, which is very attractive. Pick up this scrip at every decline.

Praj Industries (Rs. 181.00) :- Upward movement in the stock is likely to take place in coming days, as foreign investors hav started taking interest in the scrip. Those investors, having faith in luck can try
their luck buy investing in the scrip.

Plethico Pharm (Rs. 387.50) :- Management of the company is busy with implementation of expansion plan. The company has planned to establish a plant in Dubai. If company succeed in establishment
of the said plant investors fancy will rise on the counter.

IL & FS (Rs. 233.00) :- US based company E-trade is planning to sell off its holding to come out of sub prime crisis. Etrade has appointed CLS bank for offloading the stake. HSBC, IDFC, SSKI and other PE players are in bidding queue and competing with each other to purchase the stock from IL & FS. The deal is expected to be completed by the end of April.
The move will prove to be advantageous preposition of investors.

Idea cellular (Rs. 99.60) :- The company is active in mobile services in Tamilnadu and Karnataka GSM. The stock price has reached the peak level of Rs. 161 and touched the bottom level of Rs. 89. EPS of company is expected to be in range of Rs. 3.60. Thus the stock provides an attractive opportunity to the investors.

XL Telecom (Rs. 249.00) :- The Company manufactures equipments like CDMS, Mobile Phones, Fixed wireless phones andterminals, SMPS and cable joining kits. The company has succeeded in bagging an order of Rs. 153.9 crores from EU.The company has thick order book of Rs. 675 crores. Financial performance of the company is likely to be excellent in near future. Investors can take advantage of the same.

Dabur (Rs. 105.60) :- The Company from FMCG sector, Dabur India produces healthcare, personal care and food products. The company has planned to start around 150 outlets by March, 2010 with investment
of Rs. 140 crores. Financial performance of the company is likely to reach at a sound level in coming months, which is likely to provide boost to the stock price. Investor may invest in the scrip to reap sound
profit in short term.

GSPL (Rs. 62.30) (Code : 532702) :- The GSPL stock has been very active last couple of weeks. It has gained about 20% from the 1000 of 51 GSPL pipeline network will double in length in the next couple of years. GSPL has a focused business model as a transporter of natural gas in Gujarat without any exposure to commodity price risk. GSPL is also venturing into lily gas distribution through investment in group companies engaged in the lucrative and grooving business. The third quarter ended December 2007, interest cost doubled to rs. 20 crore. GSPLs profit at the operating level is impressive. Investors can buy the stock with a medium – term prospective.

Madras cement (Rs. 3275.00) :- The Ramco group company sixth largest company of the sector. The company has plan to increase its clinker production capacity by 20 lac Metric ton per annum and with the induction of new capacity its total capacity will increase to 80 lacs metric tons per annum. Averagesales growth during the last four year is around 26 per cent. Net profit of the company has moved up by average 121 per cent during the period. Book value of the scrip is expected to touche the level of Rs. 800. Looking at the financial results of the company during last three quarters EPS of the company is estimated to be in the range of Rs.340. The stock is quote at PE o 9.5. The scrip is likely give return of 30 to 40 percent in period of 12 to 18 months.

Yes Bank (Code : 532648) (Rs. 160.80) : - Yes Bank has come out with excellent numbers in last quarter also. Its net profit jumped 108 per cent to Rs. 64.5 crore against Rs. 30.9 crore in the same quarter last year. Its net interest margin up slightly at 3.06 per cent from 2.9 per cent. Inspite of fear of huge loss in derivatives, Yes bank has shown good performance. However, provisions and contingencies, at Rs 22.8 crore for the March 2008 quarter, are more than the total provisioning made by the bank in the first nine months of the current year of Rs 20.8 crore. Also Rs 17 crore has been kept aside for “general credit provisions” as a prudential measure, but its reason has not been mentioned. Moreover the bank has denied to give information regarding the extent of the bank’s mark-to-market provisions on account of forex derivatives products, purchased by its clients. The bank says it has no exposure to the small and medium (SME) sector. The stock rose 4.6 per cent on Wednesday, to Rs 170, possibly because the management declared that it had no delinquencies on account of forex derivatives. Bank’s NPA has been up at 0.09 per cent, which was at zero in previous quarter. Next quarter result will be crucial for this company. It is going to takeover two private sector banks in months to come. It will be momentom week for this banking sector scrip.

ANDHRA BANK (Rs. 76.90) (Code 532418) :- Andhra Bank (ABL) just fits in well in this scenario. It can provide good stability to your portfolio given its higher dividend yield of five per cent. It can also provide a decent upside considering its good growth potential. Above all the scrip is available at such an attractive valuation and we see that the time is just right to grab it at the CMP of Rs 78.05.After a decent performance in the last fiscal, Andhra Bank continued with its good work. In the first nine months of FY08, it staged a total business growth of 21.94 per cent to Rs 75225 crore against Rs 61689 crore during the same period last year. Deposits during nine months were up by 21.60 per cent to Rs 43911 crore, while loans and advances were up by 22.42 per cent to Rs 31314 crore. At present the credit deposit ratio of Andhra Bank stands at 71.45 per cent. . For the quarterended December 2007, ABL posted net interest margins of 3.15 per cent as comparedto 3.11 per cent in the same period last year. . In the first nine months of FY08, ABL's revenues increased by 33 per cent to RS3120.64 crore (Rs 2345.39 crore), while the net profit increased by 13 per cent to Rs 451.32 crore (Rs 399.13 crore) during the same period. The bank has been a consistent dividend payer over the last eight years with FY07 dividend of Rs 3.8 per share resulting into a yield of five per cent. For FY08 as a whole we can expect the bank to post an EPS of Rs
12.41. At this EPS it generates a PE of just over 6x, which is a quite attractive bet for investors

RAIN COMMODITIES LTD (Rs. 212)
Andhra based Rain group is headed by Mr N Jagan Mohan Reddy having interests in cement and CPC. Earlier, the group had 2 listed entities-Rain Commodities, the holding company for the 1.5mn tonne cement business, and Rain Calcining(RCL),comprising 0.6mn tonnes of CPC capacity. Post a scheme of arrangement, RCL was merged with RCom by way of a share swap, wherein 2 shares of RCom were issued for every 7 shaers of RCL. Main features:
A. Transfer of cementbusiness from Rain Industries to RCom
B. Amalgamation of RCL with RCom
C. Transfer of CPC and power business from
RCom to Rain Industries (100% subsidiary of RCom) thus cement asset is now held under RCom-the holding company. CPC asset is held under Rain Industries. Group, thru 100% subsidiaries of Rain Industries and RCom USA, has acquired 100% stake in the Texas based 1.9mn tonne CII Carbon, CII Carbon, until acquisition, was 2nd largest producer of CPC in the world. Post acquisition, RCOM is the largest CPC producer in the world with a capacity of 2.44 mn tonnes. Company is further erxpanding its CPC capacity by 0.6 mn tonnes by early 2010.
RATIONALE FOR RECOMMENDATION:
Expansion of cement capacities to 3.16mn tonnes by May08 is expected to lead to strong volumes growth in cement business. Pithead mines at both units with reserves sufficient to carry out operations for next 70 years at expanded capacity. Potential to add 4 million TPA of cement capacity at existing locations at capital cost of USD 50/MT. Exploring green field expansion of 0.95mn TPA at Adilabad to be operational in Q1 of CY2010. MOU executed with a third party owning mining lease of 1572 acres of Limestones(sufficient for 4.00mn tonnes.

Bottom fishing of promoters :- During the recession grip on the market promoters of the company
has started bottom fishing and purchased huge chance of shares from the current market. Promoters
of parry agro has purchased in huge quantity of EID Parry stocks from open market.