Tuesday, January 13, 2009

Picks for 13th Jan, 2009

Market Outlook: Asian markets are trading mixed. Expect Indian markets to Open in Green. Profit booking could be seen in later of the day.

Nifty Outlook:
R1-2845, R2-2917, R3-2966
S1-2724, S2-2675, S3-2603

Stocks in Action:
Tata Steel & NTPC for Down, Ril , DLF & Infosys in Action.

Tata Steel: T1-194, T2-187, T3-176, SL-211
Moody's reviews Tata Steel's Ba1 rating for possible downgrade.

NTPC: T1-167, T2-163, T3-157, SL- 176
Government says NTPC will buy gas at $4.2, which means the company stands to loose Rs 25,000 crore.

RIL: R1-1134, R2-1169, R3-1194; S1-1074, S2-1049,S2-1014
RIL’s gas sale price likely today.

DLF: R1-219, R2-232; S1-191, S2-177
DLF raises Rs 1700 crore from PNB and LIC to repay short term debt

Infosys: R1-1192, R2-1227, R3-1255, S1- 1129, S2-1101, S3-1066
Infosys Technologies has announced its third quarter numbers of FY09. Its consolidated net profit went up by 14.6% at Rs 1,641 crore as against Rs 1432 crore in in previous quarter of FY08-09.
The company's consolidated net sales rose by 6.8% to Rs 5,786 crore versus Rs 5,418 crore, (QoQ). Its earning per share was at Rs 28.63 while CNBC-TV18 estimated at Rs 26.77 per share.
The reported numbers were better-than-expected, as poll suggested net sales of Rs 5,713.4 crore and net profit of Rs 1,532 crore.

Stock in News:
Results today: Infosys, Motilal Oswal, CMC, Geojit

Revised time line for auction of 3G, BWA spectrum to be notified shortly. 3G spectrum may be delayed again.
Selan Exploration buyback up to Rs 230/sh ((CMP Rs 122)).
Tata Power signs MoU with Gujarat government to set up 5 MW geothermal & solar power plants.
IDFC forms JV with BHEL and KPCL to set up supercritical thermal power projects in Karnataka


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