Yesterday’s jolt was equally retaliated by the bulls, could push the Nifty to the original level from where it took the slide. The expiry of the July series (started at 4315 and today’s closing was at 4313) and the roll over to the August could take the Nifty to the desired levels with the positive global cues and the cooling of the crude. The Nifty could maintain the levels from where it has started the July series at in spite of the sharp sell off from the beginning of the series due to inflation and global concerns. The tamed inflation curve and the economic outlook are stable and earnings are encouraging, so the Nifty is likely to advance in August series.
The HDFC moved up by 7.8%, Rel Infra by 6.8%, Tata power by 7%, Tata steel by 7.8% and the Tata communications by 9.4% where as Zeel and NTPC lost more than 4.5%.
The market pulse check by STOCKOMETER: As suggested in the morning in the Stock Specific Action: Infra stocks gave mixed results, LT is good above 2620 and the high touched is 2625 but the Rel Infra is good above 920, likely to touch and trade above 960 – the high touched 979, Punj Lloyd is good above 250 and closed at 271.6.
The Reliance is strong above 2115 and the high touched at 2174. The ONGC traded in between the suggested levels. The RCOM will be good above 501-498 and touched a high of 512.
The banking stocks found good number of buyers.
The DLF is weak below 473 and good above 481, resistance at 495 level and the stock touched a high of 497.
The Tata steel is good above 591, made a stellar performance at the bourses and touched a high of 635 level.
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
The HDFC moved up by 7.8%, Rel Infra by 6.8%, Tata power by 7%, Tata steel by 7.8% and the Tata communications by 9.4% where as Zeel and NTPC lost more than 4.5%.
The market pulse check by STOCKOMETER: As suggested in the morning in the Stock Specific Action: Infra stocks gave mixed results, LT is good above 2620 and the high touched is 2625 but the Rel Infra is good above 920, likely to touch and trade above 960 – the high touched 979, Punj Lloyd is good above 250 and closed at 271.6.
The Reliance is strong above 2115 and the high touched at 2174. The ONGC traded in between the suggested levels. The RCOM will be good above 501-498 and touched a high of 512.
The banking stocks found good number of buyers.
The DLF is weak below 473 and good above 481, resistance at 495 level and the stock touched a high of 497.
The Tata steel is good above 591, made a stellar performance at the bourses and touched a high of 635 level.
For Stock Specific Action, Visit: http://www.intradaystockcalls.blogspot.com/
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
2 comments:
A wonderful stock to invest in
Castrol India
Strong brands, technologically advanced products and customised offerings among others have helped Castrol's sales and net profits grow at a CAGR of 13.4 per cent and 19.3 per cent in the last three years, even as volume growth has remained muted.
The muted volume growth is mainly due to a shift in consumer preference towards high-tech products, especially in the auto lubricants where Castrol enjoys a market share of 21 per cent.
For instance, companies like Tata Motors have changed oil drain specifications for their commercial vehicles (CVs) for engine oils (doubled to 36,000 kms) and lubricants (increased to 72,000 kms), thus reducing the frequency of changing these consumables.
While this means lower consumption, it also means increased use of technologically superior products that support longer running of vehicles and hence higher realisations for lubricant manufacturers.
Technological advances in passenger cars have also meant increased demand for high-tech products. This is positive for Castrol, which has access to its UK parent's R&D.
The company has already entered into tie-ups with players like Volvo, Ford and Audi (cars) and Tata Motors (CVs), besides being the exclusive �first fill' lubricant for Tata Motors' Nano.
Going forward, with India adding a million cars and UVs and over six million two-wheelers every year, demand for automotive lubricants will remain healthy. Increasing spends towards infrastructure and industrial capex also point to robust demand for industrial lubricants.
While concern over the surge in base oil prices exists, Castrol has raised prices in the past to offset the increase. The cut in import duty by half to 5.13 per cent on base oil in June 2008 also provides respite.
Overall, Castrol's revenues and profits are seen growing at 10-15 per cent annually over the next two years. At Rs 258.70, the stock trades at 12 times its CY09 (December ending) estimated earnings and can deliver 18-20 per cent in a year.
Thanks for your suggestion to invest in for long-term where the capital protection is relatively assured and the appreciation is guaranteed over a couple of years from here.
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