Live Chart 18

RELIANCE INFRASTRUCTURE LTD BULLISH: ENGULFING
RELIANCE CAPITAL LTD BULLISH: ENGULFING

JP ASSOCIATES

Duration - Short Term
Buy If close above 127

JP Associate RECOMMENDATION : BUY
Price: Rs. 129 -Target : Rs.147

Polaris 3.0, the next level of growth….
Duration - 1Year


Polaris Software RECOMMENDATION : BUY
Price: Rs. 149 -Target : Rs.228

ABB LTD BULLISH: ENGULFING
BHARTI AIRTEL LTD BULLISH: ENGULFING
AMBUJA CEMENTS LTD BULLISH: ENGULFING
LARSEN & TOUBRO LTD BULLISH: ENGULFING
MAHINDRA & MAHINDRA LTD BULLISH: ENGULFING
STERLITE INDUSTRIES ( INDIA ) LTD BULLISH: ENGULFING
SUN PHARMACEUTICALS INDUSTRIES LTD BULLISH: ENGULFING
UNITECH LTD BULLISH: ENGULFING

The FDIC's new set of rules for private equity investments in the banking sector aren't ideal, says billionaire investor Wilbur Ross. Still, he's looking for deals: "We'll be in the game, but not as aggressively as we had been," he says.

Tata Steel plunged 6.53% to Rs 430 at 15:30 IST after the company reported a net loss of Rs 2208.68 crore in Q1 June 2009 on consolidated basis as against a net profit of Rs 3900.90 crore in Q1 June 2008.

Reliance Natural Resources fell 2.07% to Rs 87.35 at 11:42 IST on reports the Oil Ministry may file a defamation suit against the company for persisting with false claims pertaining to government revenues from Reliance Industries KG-D6 fields.

Larsen & Toubro rose 2.25% to Rs 1585.50 at 13:46 IST on BSE extending gains for the second straight day after it won four orders for electrical projects in west Asia, totalling Rs 1044 crore.

New Delhi - Employees of India's flagship carrier Air India are on a three-day hunger strike from today over delay in payment of their salaries.

New Delhi- State-run energy utility NTPC will soon file a petition in the Supreme Court regarding its legal battle with Mukesh Ambani-led Reliance Industries for getting gas from the Krishna-Godavari basin at $2.34 per unit.

Punj Lloyd rose 1.12% to Rs 256.80 at 12:41 IST on BSE, extending gains for the fourth day in a row, after the company bagged an order worth Rs 167.51 crore.

On August 21, strong winds and a heavy rainfall blew off part of the Delhi airport’s Terminal 1D’s roof. In an interview to CNBC-TV18, GMR Infra, which heads the consortium that is constructing the airport, said the firm had used specialised technology for the airport.

Ranbaxy Laboratories has received the final approval from the US FDA to make and sell the generic version of Sciele Pharma’s peptic ulcer tablet Robinul for 1 mg and 2 mg dosages.

The company said that it plans to launch the drug in 4QCY2009. The annual market sales of Robinul are worth $26 million in the US.

The stock is up 39% in the past three months to Rs312, and is currently trading at 2.3x CY2010E earnings. We recommend a SELL rating on the stock, with a target price of Rs250.

ABB touched an intraday high of Rs 730 and an intraday low of Rs 710.20. At 12:47 pm, the share was quoting at Rs 726, up Rs 9.50, or 1.33%.

The company has got order worth Rs 128 crore from Power Grid.

It was trading with volumes of 37,320 shares. Yesterday the share closed up 1.61% or Rs 11.35 at Rs 716.50.

WASHINGTON - The H1N1 flu virus could cause up to 90,000 U.S. deaths, mainly among children and young adults, if it resurges this fall as expected, according to a report released Monday by a presidential advisory panel.

Tech Mahindra touched an intraday high of Rs 873.55 and an intraday low of Rs 835. At 11:23 am, the share was quoting at Rs 871.25, up Rs 27.65, or 3.28%.

According to agencies, the company has bagged USD 500 million orders from Swan.

It was trading with volumes of 244,199 shares. Yesterday the share closed up 3.22% or Rs 26.35 at Rs 843.60.

MUMBAI – The BSE Sensex erased losses of as much as 1.3 percent and briefly turned positive in midday trade on Tuesday, led by outsourcer Wipro and diversified Grasim Industries.

Rolta India surged 5.69% to Rs 178.45 at 12:10 IST on BSE, after a foreign institutional investor hiked its stake in the company.

NEW DELHI - State Bank of India, the country's top bank, is unlikely to raise lending rates in the next six months, its chairman said on Tuesday.

Deccan Chronicle declined 2.12% to Rs 101.50 at 11:44 IST on BSE, after a block deal of five lakh shares was executed on BSE at Rs 102 per share.

Though the government on Monday said it would look into the refusal by Swiss banks to share details about money parked by Indians, it faced opposition charges of not 'properly' pursuing efforts to unearth the illegal money stashed in Switzerland.

Pyramid Saimira Theatre rose 4.91% to Rs 24.55 at 10:53 IST on BSE ahead of a board meeting to consider international offering of securities and also to consider de-merger of a subsidiary company.

Fortis Healthcare rose 1.38% to Rs 117.65 at 10:42 IST on BSE, extending gains for the fifth consecutive day, after the company acquired 10 hospitals owned by unlisted Wockhardt Hospitals for a consideration of Rs 909 crore.

MUMBAI - Immediate challenge for the Indian economy is to tackle the deficient monsoon situation, the finance minister told news channel ET Now on Tuesday.

NEW DELHI - A panel of Indian ministers will meet on Tuesday to review the impact of patchy monsoon rains and discuss if there is a need to modify some of the steps initiated to manage drought, the Financial Express said.

Explorer Oil India Ltd plans to raise as much as 27.8 billion rupees ($570 million) through an IPO next month, a senior official said, making it the second state-run firm to offer new shares to the public this year.

Suven Life Sciences jumped 19.92% to Rs 31.60 at 10:00 IST on BSE, after the company said it is in talks with four global Pharma major for out-licensing deals for its Alzheimer drug SUVN-502, which is in the developing stage.

HCL Technologies Ltd on Tuesday reported a quarterly net profit of 192.9 million rupees.
Net sales for the quarter ended June 30 stood at 1.15 billion rupees, the software services firm said in filing to the National Stock Exchange.

Indiabulls Real Estate jumped 7.59% to Rs 275 at 15:01 IST on BSE, extending gains for the third consecutive day, after it emerged as the top financial bidder for redevelopment of Maharashtra government buildings at Mantralaya in Mumbai.

Bharat Heavy Electricals gained 2.53% to Rs 2355.85 at 14:30 IST on BSE, extending gains for the third consecutive day, after the company bagged an order worth Rs 2,630 crore.

MUMBAI - Fortis Healthcare Ltd said on Monday it will spend 9.09 billion rupees to acquire 10 hospitals from Wockhardt Hospitals Ltd, promoted by the founders of Wockhardt Ltd.

LONDON - World stocks powered to a 10-month high on Monday and oil rallied after last week's upbeat U.S. housing data and optimistic comments from the world's key central bankers prompted investors to buy risky assets.

BGR Energy Systems jumped 5.68% to Rs 424.10 at 13:19 IST after it received a Rs 27.14 crore contract from Nuclear Power Corporation of India for supply of motor control centers at a project at Kalpakkam, Tamil Nadu.

Ranbaxy Laboratories rose 3.37% to Rs 321.95 at 12:57 IST on BSE after the company received a final approval from the US drug regulator for a generic drug.

Punj Lloyd rose 1.74% to Rs 245.40 at 12:30 IST on BSE after the company bagged an order worth Rs 167.51 crore.

Dabur India rose 1.43% to Rs 124.15 at 11:57 IST on BSE as promoters revoked a portion of shares they had pledged earlier.

India Infoline rose 3.58% to Rs 131.55 at 10:59 IST after four lakh shares, or 0.14% equity, changed hands in a block deal on the NSE at Rs 130.50 each.

IVRCL Infrastructure & Projects Ltd said on Monday it won five orders worth 5.98 billion rupees in transport, water and power infrastructure segments.

NSE BLOCK DEAL: Reliance Industries 85115 Shares at 1968.00 INR
(11:04 IST- 24 August)

Deccan Chronicle Holdings gained 3.84% to Rs 104 at 10:26 IST on BSE, after the company said it will increase its advertisement tariff by 20% across all its editions, with effect from 1 October 2009.

ICICI Bank rose 2.74% to Rs 766.10 at 10:31 IST on reports it could make initial public offerings in four subsidiaries or sell stake in its insurance ventures once the government raises sectoral foreign direct investment limit.

NEW DELHI – The government is considering building a gas-based 6,000 megawatts (MW) power plant in Iran along with a 1,500 kilometres high voltage transmission link to carry power to India, the Hindustan Times newspaper reported on Monday.

Fortis Heathcare Up 4 Pct after The Economic Times reported it was finalising a pact for buying 10 hospitals from unlisted WOCKHARDT HOSPITALS in KOLKATA, MUMBAI and BANGALORE for around 10 bln rupees

Technical Analyst Sudarshan Sukhani has given a buy call on five stocks for today. His favourite five are NTPC, Alok Textiles, Orchid Chemical, GMR Infra and Moser Baer.



Alok Textiles
Target of Rs 21/sh
Stop loss of Rs 19.40/sh
NTPC
Target of Rs 213/sh
Stop loss of Rs 202/sh
Orchid Chem
Target of Rs 108/sh
Stop loss of Rs 98/sh
GMR Infra
Target of Rs 140/sh
Stop loss of Rs 126/sh
Moser Baer
Target of Rs 85/sh
Stop loss of Rs 79/sh

Bharti Airtel rose 2.75% to Rs 411.05 at 14:37 IST on BSE, after a newspaper report quoted Chairman Sunil Mittal as saying that the company is not looking to sweeten its deal to buy a stake in South Africa's MTN.

Bharat Heavy Electricals gained 1.85% to Rs 2292.65 at 14:15 IST on BSE, after the company bagged an order worth Rs 2,630 crore

MUMBAI – The power equipment industry has come out of negative growth in the June quarter, clocking a 1.24 percent growth, but bad monsoon could derail it going forward, a senior industry body official said on Friday.

NEW DELHI - India's finance minister said on Friday the monsoon situation in the country is difficult and that 246 districts were drought hit.

Wockhardt rose 1.32% to Rs 161.50 at 12:26 IST on BSE after the company announced completion of the divestment of its animal health division to Vetoquinol of France.

McNally Bharat Engineering Company rose 2.95% to Rs 167.25 at 11:50 IST on BSE, after the company said its overseas unit will acquire KHD Humboldt Wedag's coal and minerals businesses.

MSP Steel & Power hit the 5% upper circuit at Rs 29.95 at 10:49 IST on BSE after the company's board of directors approved issue of redeemable preference shares worth Rs 120 crore.

HDFC fell 1.43% to Rs 2362.20 at 10:06 IST on profit taking after the stock rose 6.4% to Rs 2396.35 on Thursday, 20 August 2009 from Rs 2252.20 on 17 August 2009.

Hindustan Zinc slipped 0.81% to Rs 702.05 at 9:56 IST on BSE, after the company reduced zinc and lead prices with immediate effect.