Mutual Funds Closing on Oct. 2008

Here are List of some Mutual Funds Closing on Oct. 2008

CategoryLaunch DateClose DateMinimum InvestmentOffer PriceObjective
Liquid Funds27 Oct 200827 Oct 2008200000000.0010To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provid reasonable returns and high liquidity to the unitholders
CategoryLaunch DateClose DateMinimum InvestmentOffer PriceObjective
Bond Funds20 Oct 200831 Oct 20085000.0010To generate regular income through investmet in Debt/Money Market Instruments and Government Securities.
Bond Funds20 Oct 200831 Oct 200810000000.0010To generate regular income through investmet in Debt/Money Market Instruments and Government Securities.
Bond Funds24 Oct 200829 Oct 20085000.0010To generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
Bond Funds24 Oct 200829 Oct 200810000000.0010To generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.
categoryLaunch DateClose DateMinimum InvestmentOffer PriceObjective
Liquid Funds27 Oct 200827 Oct 2008200000000.0010To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provid reasonable returns and high liquidity to the unitholders
CategoryLaunch DateClose DateMinimum InvestmentOffer PriceObjective
Bond Funds24 Oct 200827 Oct 20085000.0010To provide regular income, liquidity and attractive returns to the investors through investments in a portfolio comprising of debt instruments.

CategoryLaunch DateClose DateMinimum InvestmentOffer PriceObjective
Bond Funds29 Sep 200827 Oct 20085000.0010To generate income and capital gains through investments in a portfolio of debt and money market instruments.
Bond Funds29 Sep 200827 Oct 200810000000.0010To generate income and capital gains through investments in a portfolio of debt and money market instruments.

Board Meetings and Quarterly Results on Oct 27 2008

Oct 27 2008 Accentia Technologies Ltd
Quarterly Results
Oct 27 2008 Action Financial Services (I) LtdQuarterly Results
Oct 27 2008 Adhunik Metaliks LtdAdhunik Metaliks Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and to take on record the un-audited financial results of the Company for the quarter ended September 30, 2008.Further the Company has informed that, the Board will also discuss and, if thought fit, approve merger / amalgamation of Vedvyas Ispat Ltd and Sri. M P Ispat & Power Pvt. Ltd with Adhunik Metaliks Ltd.With reference to the earlier announcement dated October 15, 2008 regarding Board Meeting on October 27, 2008, Adhunik Metaliks Ltd has informed BSE that the Board shall discuss the swap ratio and valuation of the Companies to be merged with Adhunik Metaliks Ltd. The Board has already approved in-principally the merger proposal at their meeting held on July 29, 2008.(As Per BSE Announcement Dated on 16/10/2008)With reference to the earlier announcement dated October 15, 2008 regarding Board Meeting on October 27, 2008, Adhunik Met
Oct 27 2008 Alok Industries LtdQuarterly ResultsAlok Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider, the un-audited financial results for the quarter ended September 30, 2008.Further the Company has informed BSE that in the said Board Meeting, the Board of Directors propose to consider a Rights Issue of equity shares / convertible instruments.(As Per BSE Announcement Website dated on 23.10.2008)
Oct 27 2008 Anant Raj Industries LtdQuarterly Results
Oct 27 2008 Areva T&D India LtdQuarterly ResultsAreva T&D India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2008, inter alia, to consider and take on record the unaudited financial results for the third quarter (Q3) and nine months ended on September 30, 2008, subject to limited review by the Auditors.(As Per BSE Announcement Website dated on 06.10.2008)Areva T&D India Ltd has informed BSE that due to unavoidable circumstances, the Board meeting which was fixed for October 30, 2008, inter alia, to consider and take on record the unaudited financial results for the third quarter and nine months ended on September 30, 2008 (Q3), has now been preponed to October 27, 2008.(As Per BSE Announcement Website dated on 10.10.2008)
Oct 27 2008 Aries Agro LtdAries Agro Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to transact the following:1. To consider and re-designate Dr. Jimmy Mirchandani as the Vice Chairman & Jt. Managing Director.2. To approve Un-Audited Financial Results of the Company for the quarter ended September 30, 2008.3. To approve issue of Duplicate Share Certificates.4. To consider acquisition of Shares of Sreeni Agro Chemicals Pvt Ltd from the existing Share Holders and fix consideration thereof, thereby making Sreeni Agro Chemicals Pvt Ltd as the Wholly Owned Subsidiary of the Company.
Oct 27 2008 Artheon Finance LtdQuarterly Results
Oct 27 2008 Arunoday Mills LtdQuarterly Results
Oct 27 2008 Asian Tea & Exports LtdQuarterly Results
Oct 27 2008 Assam Company LtdQuarterly Results
Oct 27 2008 Associated Alcohols & Breweries LtdQuarterly Results
Oct 27 2008 Associated Marmo & Granites LtdQuarterly Results
Oct 27 2008 Available Finance LtdQuarterly Results
Oct 27 2008 Bagadia Colourchem LtdQuarterly Results
Oct 27 2008 Bagalkot Udyog LtdQuarterly Results
Oct 27 2008 Bal Pharma LtdQuarterly Results
Oct 27 2008 Balmer Lawrie Investment LtdQuarterly Results
Oct 27 2008 BCL Forgings LtdQuarterly Results
Oct 27 2008 Bemco Hydraulics LtdQuarterly Results
Oct 27 2008 Bhagyodaya Marketing Company LtdQuarterly Results
Oct 27 2008 Bhushan Steel LtdBhushan Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and approve unaudited Financial Results for the 2nd Quarter ended September 30, 2008 (Q2).
Oct 27 2008 Bhuwalka Steel Industries LtdQuarterly Results
Oct 27 2008 Blue Blends (India) LtdQuarterly Results
Oct 27 2008 Blue Star LtdBlue Star Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, to approve the un-audited financial results of the Company for the quarter ended September 30, 2008 (Q2).
Oct 27 2008 Bluechip Tex Industries LtdQuarterly Results
Oct 27 2008 Bombay Burmah Trading Corporation LtdQuarterly Results
Oct 27 2008 Bombay Dyeing & Manufacturing Company LtdBombay Dyeing & Manufacturing Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and approve, the unaudited financial results for the second quarter ended September 30, 2008 (Q2).
Oct 27 2008 Bombay Oxygen Corporation LtdQuarterly Results
Oct 27 2008 Brahmaputra Infraproject LtdQuarterly Results
Oct 27 2008 Broadcast Initiatives LtdQuarterly Results
Oct 27 2008 Brushman (India) LtdQuarterly Results
Oct 27 2008 C & C Constructions LtdQuarterly Results
Oct 27 2008 C J Gelatine Products LtdQuarterly Results
Oct 27 2008 Carnation Industries LtdQuarterly Results
Oct 27 2008 Carol Info Services LtdQuarterly Results
Oct 27 2008 Ceejay Finance LtdQuarterly Results
Oct 27 2008 Chartered Logistics LtdQuarterly Results
Oct 27 2008 Chhattisgarh Industries LtdQuarterly Results
Oct 27 2008 Circuit Systems (India) LtdQuarterly Results
Oct 27 2008 Clarus Finance & Securities LtdQuarterly Results
Oct 27 2008 Continental Controls LtdQuarterly Results
Oct 27 2008 Core Emballage LtdQuarterly Results
Oct 27 2008 Credence Sound & Vision LtdQuarterly Results
Oct 27 2008 DCW LtdQuarterly Results
Oct 27 2008 Dharamsi Morarji Chemicals Co LtdQuarterly Results
Oct 27 2008 Diamant Investment & Finance LtdQuarterly Results
Oct 27 2008 Dynemic Products LtdQuarterly Results
Oct 27 2008 Elder Project LtdQuarterly Results
Oct 27 2008 ELF Trading And Chemicals Manufacturing LtdQuarterly Results
Oct 27 2008 Empire Industries LtdQuarterly Results
Oct 27 2008 Esquire Money Guarantees LtdQuarterly Results
Oct 27 2008 Filmcity Media LtdQuarterly Results
Oct 27 2008 Foods & Inns LtdQuarterly Results
Oct 27 2008 Forbes & Company LtdQuarterly Results
Oct 27 2008 Futura Polyesters LtdQuarterly Results
Oct 27 2008 Futuristic Securities LtdQuarterly Results
Oct 27 2008 G K Consultants LtdQuarterly Results
Oct 27 2008 GDL Leasing & Finance LtdQuarterly Results
Oct 27 2008 GEE LtdQuarterly Results
Oct 27 2008 Glenmark Pharmaceuticals LtdQuarterly Results
Oct 27 2008 Global Boards LtdQuarterly Results For the quarter ended 30th June, 2008 and quarter ended 30th September, 2008.& Audited Results
Oct 27 2008 GMR Infrastructure LtdGMR Infrastructure Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider, and take on record, the un-audited financial results of the Company for the Quarter ended September 30, 2008 (Q2).
Oct 27 2008 Godrej Industries LtdGodrej Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to take on record the unaudited financial results for the quarter ended September 30, 2008 (Q2).
Oct 27 2008 Gujarat State Fertilizers & Chemicals LtdQuarterly Results
Oct 27 2008 Gulf Oil Corporation LtdQuarterly Results
Oct 27 2008 Gupta Synthetics LtdQuarterly Results Quarter ended 30th September, 2008.
Oct 27 2008 Hanjer Fibres LtdQuarterly Results
Oct 27 2008 Hind Industries LtdQuarterly Results
Oct 27 2008 Hindusthan National Glass & Industries LtdQuarterly Results
Oct 27 2008 Hitkari Fibres LtdQuarterly Results
Oct 27 2008 Howard Hotels LtdQuarterly Results
Oct 27 2008 ICICI Bank LtdICICI Bank Ltd has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 27, 2008, inter alia, to consider the approval of audited accounts for the quarter ended September 30, 2008 (Q2).
Oct 27 2008 Ind Tra Deco LtdQuarterly ResultsQuarterly Results(Revised)(As per BSE Bulletin dated on 20/10/2008)
Oct 27 2008 India Gelatine & Chemicals LtdQuarterly Results
Oct 27 2008 Indo Asian Fusegear LtdQuarterly Results
Oct 27 2008 Indrayani Biotech LtdQuarterly Results
Oct 27 2008 Intellvisions Software LtdQuarterly Results
Oct 27 2008 International Conveyors LtdQuarterly Results
Oct 27 2008 International Travel House LtdQuarterly Results
Oct 27 2008 Jayaswal Neco Industries LtdQuarterly Results
Oct 27 2008 Jayshree Chemicals LtdQuarterly ResultsJayshree Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, to consider the proposal for expending the Company's production capacity and conversion of Mercury Technology into Membrane Technology.(As Per BSE Announcement Website dated on 23.10.2008)
Oct 27 2008 JM Financial LimitedQuarterly Results
Oct 27 2008 Kamadgiri Synthetics LtdQuarterly Results
Oct 27 2008 Kanco Enterprises LtdQuarterly Results
Oct 27 2008 Khyati Multimedia Entertainment LtdQuarterly Results
Oct 27 2008 Kilitch Drugs (India) LtdQuarterly Results
Oct 27 2008 Kiran Print Pack LtdQuarterly Results
Oct 27 2008 Kisan Mouldings LtdQuarterly Results
Oct 27 2008 Lahoti Overseas LtdQuarterly Results
Oct 27 2008 LCC Infotech LtdQuarterly Results
Oct 27 2008 Lloyds Finance LtdQuarterly Results
Oct 27 2008 Lok Housing & Constructions LtdQuarterly Results
Oct 27 2008 Lynx Machinery & Commercials LtdQuarterly Results
Oct 27 2008 Madhusudan Securities LtdQuarterly Results
Oct 27 2008 Maestros Mediline Systems LtdQuarterly ResultsMaestros Mediline Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider the buy-back of equity shares of the Company.(As Per BSE Announcement Website dated on 20.10.2008)
Oct 27 2008 Mahindra & Mahindra Financial Services LtdQuarterly Results
Oct 27 2008 Maithan Alloys LtdQuarterly Results
Oct 27 2008 Mangalore Refinery And Petrochemicals LtdMangalore Refinery & Petrochemicals Ltd (MRPL) has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, to consider and approve Unaudited Financial results for the quarter ended September 30, 2008 (Q2).With reference to the earlier announcement dated October 13, 2008 regarding Q2 results on Oct 24, 2008, Mangalore Refinery & Petrochemicals Ltd (MRPL) has now informed BSE that the Board meeting has been now rescheduled to be held on October 27, 2008 (instead of October 24, 2008) to consider and approve Unaudited Financial results for the quartet ended September 30, 2008 (Q2).(As Per BSE Announcement Website dated on 17.10.2008)
Oct 27 2008 Martin Burn LtdQuarterly Results
Oct 27 2008 Maruti Infrastructure LtdQuarterly Results
Oct 27 2008 Maximaa Systems LtdQuarterly Results
Oct 27 2008 Mayur Leather Products LtdQuarterly Results
Oct 27 2008 Mercator Lines LtdQuarterly Results
Oct 27 2008 Modella Woollens LtdQuarterly Results
Oct 27 2008 Muller & Phipps (India) LtdQuarterly Results
Oct 27 2008 Nagarjuna Construction Company LtdNagarjuna Construction Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, for approving the Un-Audited Financial results of the Company for the Second Quarter ended September 30, 2008 (Q2).
Oct 27 2008 National Fertilizer LtdQuarterly Results
Oct 27 2008 Nijjer Agro Foods LtdQuarterly Results
Oct 27 2008 NILE LtdQuarterly Results
Oct 27 2008 NMDC LtdNMDC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, to take on record the Un-audited Financial Results of the Company for the quarter ended September 30, 2008 (Q2).
Oct 27 2008 Olympic Management & Financial Services LtdQuarterly Results
Oct 27 2008 Omega Interactive Technologies LtdQuarterly Results
Oct 27 2008 Oseaspre Consultants LtdQuarterly Results
Oct 27 2008 PAL Credit & Capital LtdQuarterly Results
Oct 27 2008 Pan Electronics (India) LtdQuarterly Results
Oct 27 2008 Panoramic Universal LtdQuarterly Results
Oct 27 2008 Parle Software LtdAudited Results
Oct 27 2008 Patel Integrated Logistics LtdQuarterly Results
Oct 27 2008 Pochiraju Industries LtdPochiraju Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider the following business:1. Un-Audited financial results for the Quarter ended September 30, 2008.2. To review the progress of Bio Pharma and Pharma Division.
Oct 27 2008 Polar Industries LtdQuarterly Results
Oct 27 2008 Polar Pharma India LtdQuarterly Results
Oct 27 2008 Prem Somani Financial Services LtdQuarterly Results
Oct 27 2008 Premier Synthetics LtdQuarterly Results
Oct 27 2008 Puneet Resins LtdPuneet Resins Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider, the appointment of Mr. Aditya Kapoor as a Managing Director.The meeting of Remuneration Committee is scheduled to be held on October 27, 2008, for consideration and recommendation of remuneration in respect of the said appointment.
Oct 27 2008 Punit Commercials LtdQuarterly Results
Oct 27 2008 Punjab Communications LtdQuarterly Results
Oct 27 2008 Raja Bahadur International LtdQuarterly Results
Oct 27 2008 Rama Pulp & Papers LtdQuarterly Results
Oct 27 2008 Remi Metals Gujarat LtdQuarterly Results
Oct 27 2008 Rose Merc. LtdQuarterly Results
Oct 27 2008 Royal Orchid Hotels LtdQuarterly Results
Oct 27 2008 Royale Manor Hotels & Industries LtdQuarterly Results
Oct 27 2008 RPG Cables LtdQuarterly Results
Oct 27 2008 Rubber Products LtdQuarterly Results
Oct 27 2008 Ruchi Strips & Alloys LtdRuchi Strips & Alloys Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and approve the following:1. Un-Audited Financial Results for the quarter ended September 30, 2008.2. Forfeiture of equity shares on which call money is unpaid.
Oct 27 2008 S & S Power Switchgear LtdQuarterly Results
Oct 27 2008 S S Forgings & Engineering LtdGlenmark Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, to consider and approve the Un-audited Financial Results for the Second Quarter / Half Year ended September 30, 2008 (Q2).
Oct 27 2008 S.Kumars Nationwide LtdQuarterly ResultsQuarterly Results(Revised)(As per BSE Bulletin dated on 20/10/20080
Oct 27 2008 SAARC Net LtdQuarterly Results
Oct 27 2008 Salora International LtdQuarterly Results
Oct 27 2008 Sanjivani Paranteral LtdQuarterly Results
Oct 27 2008 Sanket International LtdQuarterly Results
Oct 27 2008 Sat Industries LtdQuarterly Results
Oct 27 2008 Satra Properties (India) LtdSatra Properties India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider the following business:1. To discuss and approve the Un-audited Financial Results for the Quarter / Half Year ended September 30, 2008.2. To approve the Rights Issue in-principally and to constitute Committee of Board of Directors for the same.3. To appoint Compliance Officer for the proposed Rights Issue.
Oct 27 2008 Shakti Pumps (India) LtdQuarterly Results
Oct 27 2008 Shalimar Wires Industries LtdQuarterly Results
Oct 27 2008 Shilchar Electronics LtdQuarterly Results
Oct 27 2008 Shiva Suitings LtdQuarterly Results
Oct 27 2008 Shivagrico Implements LtdQuarterly Results
Oct 27 2008 Shree Hari Chemicals Export LtdShree Hari Chemicals Export Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to approve the Un-audited Financial Results for the Quarter ended September 30, 2008 and forfeiture of shares.
Oct 27 2008 Shreejal Info Hubs LtdQuarterly Results
Oct 27 2008 Shri Ganesh Spinners LtdQuarterly Results
Oct 27 2008 Silicon Valley Infotech LtdQuarterly Results
Oct 27 2008 SKS Logistics LtdQuarterly Results
Oct 27 2008 Smruthi Organics LtdQuarterly Results
Oct 27 2008 Soma Textiles & Industries LtdQuarterly Results
Oct 27 2008 State Bank of IndiaState Bank of India (SBI) has informed BSE that a meeting of the Central Board of the Bank will be held on October 27, 2008, inter alia, to take on record the unaudited working results of the Bank for the quarter / half year ended September 30, 2008 (Q2).
Oct 27 2008 Sterling Strips LtdQuarterly Results
Oct 27 2008 Stone India LtdQuarterly Results
Oct 27 2008 Suashish Diamonds LtdQuarterly Results
Oct 27 2008 Suditi Industries LtdQuarterly Results
Oct 27 2008 Sumedha Fiscal Services LtdQuarterly Results
Oct 27 2008 Sun Pharma Advanced Research Company LtdQuarterly Results
Oct 27 2008 Suncity Synthetics LtdQuarterly Results
Oct 27 2008 T.V. Today Network LtdQuarterly Results
Oct 27 2008 Tata Power Company LtdTata Power Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and take on record the audited financial results for the quarter/half year ended September 30, 2008 (Q2).
Oct 27 2008 Tata Tea LtdTata Tea Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, to consider and approve the Financial Results and the Consolidated Financial Results of the Company for the quarter ended September 30, 2008 (Q2).
Oct 27 2008 Tata Teleservices (Maharashtra) LtdTata Teleservices Maharashtra Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider Audited Financial Results for the Quarter ended September 30, 2008 (Q2).
Oct 27 2008 Technojet Consultants LtdQuarterly Results
Oct 27 2008 TIL LtdQuarterly Results
Oct 27 2008 Times Guaranty LtdQuarterly Results
Oct 27 2008 Timken India LtdQuarterly Results
Oct 27 2008 Tirupati Foams LtdQuarterly Results
Oct 27 2008 Titagarh Wagons LtdQuarterly Results
Oct 27 2008 Titan BioTech LtdQuarterly Results
Oct 27 2008 Titan Securities LtdQuarterly Results
Oct 27 2008 TPL Plastech LtdQuarterly Results
Oct 27 2008 Trend Electronics LtdQuarterly Results
Oct 27 2008 Tudor India LtdQuarterly ResultsQuarterly Results(Revised)(As per BSE Bulletin dated on 23/10/2008)
Oct 27 2008 Uflex LtdQuarterly Results
Oct 27 2008 Uniproducts (India) LtdQuarterly Results
Oct 27 2008 UTV Software Communications LtdQuarterly Results
Oct 27 2008 V I P Industries LtdQuarterly Results
Oct 27 2008 V R Woodart LtdQuarterly Results
Oct 27 2008 Vakrangee Softwares LtdQuarterly Results
Oct 27 2008 Valecha Engineering LtdQuarterly Results
Oct 27 2008 Value Industries LtdQuarterly Results
Oct 27 2008 Veer Energy & Infrastructure LtdQuarterly Results
Oct 27 2008 Venkys (India) LtdQuarterly Results
Oct 27 2008 Videocon Industries LtdVideocon Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider and take on record the Un-audited Financial Results (Provisional) for the Quarter ended on September 30, 2008 and for the Financial Year ended on that date.
Oct 27 2008 Vikas Profin LtdVikas Profin Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to transact the following:1. Re-appointment of Shri. Nand Kishore Garg & Shri. Sumer Chand Tayal as Directors of the Company at the Annual General Meeting of the Company.2. Confirmation of appointment of Shri. Vivek Garg, Shri. Mukesh Aggarwal, Shri. B B Tandon & Shri. P K Banerji as Directors of the Company at the Annual General Meeting of the Company.3. Considering the re-appointment of M/s. R K Batra & Company as statutory auditors of the Company.4. Approval of Unaudited Financial Results (Provisional) for the quarter and half year ending on September 30, 2008.5. Amalgamation of the Company.6. Allotment of share pursuant to amalgamation.7. Change of name of the Company.8. Approval of Annual Accounts of the Company.9. Approval of Board's Report.10. To decide the date of closure of Register of Members of the Company.11. To decide the day, date, time a
Oct 27 2008 Vinati Organics LtdVinati Organics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to take on record the Unaudited Financial Results for the Quarter ended September 30, 2008 and to grant of Employee Stock Options.
Oct 27 2008 Wadala Commodities LtdQuarterly Results
Oct 27 2008 Watson Software LtdQuarterly Results
Oct 27 2008 Welterman International LtdQuarterly Results
Oct 27 2008 Women Networks LtdQuarterly Results
Oct 27 2008 Zenith Health Care LtdQuarterly Results
Oct 27 2008 Zigma Software LtdZigma Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2008, inter alia, to consider the following:1. Un-audited financial Results for the Quarter ended September 30, 2008.2. Issue of Bonus Share to the shareholders of the Company.
Oct 27 2008 Zodiac Clothing Company LtdQuarterly Result

Multi Bagger Recommendation : Sah Petroleums Recommended Price Rs 14.40

Sah Petroleums Limited: Company Profile:

Sah Petroleums Limited is a manufacturer of industrial lubricants in India and manufacturing wide range of industrial and automotive lubricants, specialties and process oils etc., under the brand name of "IPOL". The company started in 1973 as a private limited company and became listed in 2004. The company has its plants located at Vasai near Mumbai and at Daman. The plants at Vasai and Daman are equipped with High-Tech blending facilities, quality control labs and automatic filling and packing stations. The company also has one of the largest in-house storage farms in the private sector in India for storing oil sourced from all over the world.Besides, the company has an all India sales and service network with offices / depots / CFAs located in Mumbai, Pune, Vadodara, Indore, Jabalpur, Jaipur, Delhi, Ghaziabad, Faridabad, Kaithal, Chandigarh, Patiala, Kolkata, Jamshedpur, Hyderabad, Bangalore and Chennai.

Financial Position:

The latest financials of the company are given as under:-

Particulars Quarter Ended Quarter Ended Quarter Ended Year Ended Year Ended Year Ended
(Jun 08) (Jun 07) (% Var) (Mar 08)(12) (Mar 07) (12) (%Var)
Sales 60.31 44.14 36.6 205.51 179.67 14.4
Other Income 0.76 0.51 49 6.7 3.96 69.2
PBIDT 5.43 4.01 35.4 22.67 15.38 47.4
Interest 0.66 0.48 37.5 2.72 2.93 -7.2
PBDT 4.77 3.53 35.1 19.95 12.45 60.2
Depreciation 0.29 0.21 38.1 1.01 0.74 36.5
PBT 4.48 3.32 34.9 18.94 11.71 61.7
Tax 0.83 0.32 159.4 0.28 1.45 -80.7
Deferred Tax 0 0 - 0.22 0.18 22.2
PAT 3.65 3 21.7 18.44 10.08 82.9
(Rs Crore)

Latest Data As On 20/10/2008
Latest Equity(Subscribed)–Rs. Cr 16
Latest Reserve –Rs. Cr. 67.58
Latest Bookvalue -Unit Curr.(Rs.) 26.12
Latest EPS -Unit Curr.(Rs.) 6.83
Latest Market Price -Unit Curr.(Rs.) 14.4
Latest P/E Ratio 2.11
52 Week High -Unit Curr.(Rs.) 29.3
52 Week High-Date 1/3/2008
52 Week Low -Unit Curr.(Rs.) 8
52 Week Low-Date 10/10/2008
Market Capitalisation (Rs.cr.) 46.08
Stock Exchange BSE
Dividend Yield -% 1.74

Conclusion: Sah Petroleums has a current Equity Capital of Rs.16 crores comprising of 3.2 crore Equity Shares of Rs.5 each. The current promoters of the company hold 1.74 crore shares comprising 54.47% of the equity while the Non-Promoter shareholding is 45.53%.

The Board of Sah Petroleums in their Board Meeting on October 17, 2008 has resolved to issue 1.2 Crore Equity Shares of the company to NAF India Holdings Pvt. Ltd. at a price of Rs 26.65 per equity share on preferential basis, which comprises. This is roughly 27.27% of the diluted equity of the company. Since this investment constitutes acquisition of more than 15% Equity of the company, the transaction will necessitate a public announcement in compliance with the takeover regulations of SEBI. The acquirers alongwith persons acting in concert have made a Public Announcement for acquiring 88 Lakh shares, comprising 20% of the diluted equity at a price of Rs 48.50 per share. In all probability, the current promoters of the company would not be allowed to participate in the open offer. The current public shareholding is roughly 1.46 crore shares. Assuming all non promoter shareholders opt for the open offer and tender their shares, the acceptance ratio would be 60%, which means any shareholder tendering 100 shares in the open offer, will have 60 shares accepted by the acquirer at a price of Rs.48.50 per share. In reality, the acceptance ratio can be higher.

The stock of Sah Petroleums offer an attractive arbitrage with significant upside from the current levels, in these uncertain times.The caution here is that the time schedule for the open offer (December 4, 2008 as date of opening of offer) may get delayed, as has been seen in numerous other cases of open offer, due to delays in approvals & compliances.

Lehman Bros files for Chapter 11 bankruptcy

Is India safe- What will be the effect on india
Lehman Brothers has filed for Chapter 11 bankruptcy after Barclays and Bank of America abandoned talks to buy the company.

Lehman said that no broker-dealer subsidiaries will be included in bankruptcy filing. It added that it is exploring sale of its broker-dealer operations. It further said that it is in advanced talks with potential buyers for investment management division.

Lehman added that the customers of the company may continue to trade/take action with respect to their accounts.

Buy RIL between Rs 1750-1780

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Technical Analyst, E Mathew is suggest for buying Reliance Industries between Rs 1750-1780.

Mathew told CNBC-TV18, "The fact that Reliance closed below Rs 1,970, it sends shivers down many people’s spines and today also, I am afraid that with way the SGX etc is performing. If it trades below Rs 1,930 you have a very distinct possibility of going down in the first instance to about Rs 1,850, which is not really a very good support and it could even go down to the strong support zone of around Rs 1,780- 1,750. I do feel that huge buying may emerge round about Rs 1,750-1,780 zone. I would certainly advocate thought it is something like catching the falling knife, I would certainly advocate buying into it between Rs 1,750-1,780 zone."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above sector.

Tech Mah, RIL, Tata Motors, Bombay Burmah : Stock in news on 15 sept 2008

Tech Mah, RIL, Tata Motors, Bombay Burmah, BT, Tata Motors, ONGC, Reliance, Essar Oil, Cairn India, Tata Tele, bse nse,

BT may sell it’s 31% stake in Tech Mahindra to TCS - ET

NELP crude may attract special tax - ET
- PSUs like ONGC and Oil India would have to pay 100% of additional realization beyond $ 75 cut off
- Private Cos like Reliance, Essar Oil and Cairn India would be required to pay 40% of windfall gains

Exclusive: Tata Motors
- Calls for all suppliers meet on October 16 in Mumbai: Sources
- Has called for suppliers conferenec at National level for first time: Sources

Tata Motors likely to use Pune plant to produce engines for Nano

SEBI says new IPO payment system implemented successfully in 20 Microns IPO

Sasken buyback opens today

TPG India Investments to acquire up to 49% stake for up to $ 120 million in Shriram Retail Holdings; will trigger open offer for Shriram City Union Finance ((Shriram Retail Holdings is holding co of Shriram City Union Finance))

Tata Motors: still in No-delivery period: out on September 16

JM Financial comes out of No-delivery period today

Ex-dividend: Nitco Tiles (Rs 2), Parsvnath (Rs 3)

IFCI still on a lookout for strategic investor but seeks clarity on optionally convertible debentures held by Government Of India - FE

Tata Motors sees 31.25% drop in HCV production - FE

Airline traffic falls by 30% in August

Rs 5000 crore relief package for airlines on card - ET ((Airport charges to go down by half; Excise Duty on ATF likely to go))

GSPC cuts IPO size from Rs 5000 crore to Rs 3500 crore after Gujarat Government’s move to garner 30% of PBT for social causes - BS

Government unlikely to allow Reliance to export LNG from RPL refinery - ET

Enhanced DEPB rate likely to continue for the next six months - ET

Japanese giant NTT DoCoMo to buy 25% of Tata Tele, deal worth Rs 6700 crore - BS

Referendum on SEZ stumps RIL, farmers opinion sought whether they are ready to part with their land- BS

Overseas arm of Wadia owned Bombay Burmah Trading Corp to raise around Rs 900 crore - ET

Government cuts stamp duty on P-notes, debentures - ET
- Duties on P-notes have been cut by 1/5th
- Move to deepen country’s bond markets

Essar Oil close to raising USD 5 billion from 4 banks to fund Gujarat refinery expansion - BL

European Investment Bank Rothschild scouts for potential buyers for four divisions of Corus; Tata denies asking bank to find buyers for those assets - Mint

Bajaj considers new brand for low cost bikes-Mint

DoT to audit user base prior to 2G spectrum allotment, DoT rejects FinMin plea to raise reserve price-ET

Arvind to inject Rs 600 crore into retail and brand expansion till 2012 - Mint source

Market cues and F&O cues of tdays early fall downfall of bse, nse

BSE, NSE, Bse index, todays stock news, market fall reason, market down issue, market downfall, sensex future, bse future, nse stock advice bse advice stock advice, advice of good stock monday dec 15 2008
Market cues
* Shrugs off hurricane Ike impact on signs that slowing economy will curtail demand
* For first time since April despite Ike shutting down 19% of US oil processing capacity
* FIIs net sell $349.7 million in equity on Sep 11: SEBI
* NSE F&O Open Interest up by Rs 2,182 crore at Rs 85,069 crore

F&O cues:

* Futures Open Interest up by Rs 833 crore and Options Open Interest up by Rs 1,349 crore
* Nifty Futures add 10.5 lakh shares in Open Interest, at 18-pt premium
* Nifty Open Interest PCR at 0.94 Vs 1
* Nifty Puts shed 1 lakh shares in Open Interest
* Nifty Calls add 26 lakh shares in Open Interest
* Nifty 4100 Put adds 2 lakh shares in Open Interest
* Nifty 4300 Call adds 8 lakh shares in Open Interest
* Nifty 4400 Call adds 4 lakh shares in Open Interest
* Nifty 4600 Call adds 4 lakh shares in Open Interest
* Stock Futures add 2 cr shares in Open Interest

Mkts crash in early trade BSE NSE

Realty, Bankex, Power dip 6-8% Nifty slips below 4k

Mkts crash in early trade BSE NSE

BSE, NSE, Bse index, todays stock news, market fall reason, market down issue, market downfall, sensex future, bse future, nse stock advice bse advice stock advice, advice of good stock monday dec 15 2008

Markets have crashed in early trade and extended losses further for the first day of week as they have clouded with negative global cues. SGX Nifty lost 4%.

At 9.56 am, the Sensex is down 538 points at 13462, and the Nifty down 168 points at 4060.

DLF, ICICI Bank, HDFC Bank, Unitech, NTPC, Infosys, Reliance Infrastructure and Zee Entertainment lost ground.

Sudarshan Sukhani told CNBC-TV18, "We are very close to a breakdown. We are close to support and this is a trading range - one should go ahead, go long and buy. We can hope for the best and since hope is not enough one should also keep a stop loss below 4,200. So the correct trade would be to go long because this is a trading range and we are now very close to support."

The Indian Rupee has touched 46 to a dollar for the first time in two years. It has hit that level on September 29, 2006.

Nymex crude has slipped below $ 100 to a barrel on the NYMEX on Sunday. It is currently hovering around USD 99/bbl. There was no extensive damage to oil rigs and refineries. There are signs that operations would resume soon. US SPR has released 9,39,000 barrels on disruptions fro, Gustav, IKe. US crude oil demand declined by 3.9% and gasoline was down 2.1%.

US financial space has been seeing more credit crisis. Lehman Brothers is likely to file for bankruptcy in US today, said sources.

Sources also said, AIG is seeking capital from Kohlber Kravis & JC Flowers. Bank Of America is likely to buy Merrill Lynch for $ 29/sh and deal valued at $43.5 billion.

Realty, Bankex, Power dip 6-8% Nifty slips below 4K SENSEX 13247

BSE, NSE, Bse index, todays stock news, market fall reason, market down issue, market downfall, sensex future, bse future, nse stock advice bse advice stock advice, advice of good stock monday dec 15 2008
Markets have slipped further and are taking cues from weak global markets. Rate sensitives, infrastructure, technology, telecom and oil stock hammered the most. Midcap and small cap stocks have also got crushed in this turmoil.

The Sensex plunged 686 points to 13,314 and the Nifty fell 214 points to 4,015, at 10:26 am. BSE Midcap and Small Cap indices lost 3-4%.

Finally source based news has come true. Lehman Brothers has filed Chapter 11 bankruptcy. It says no broker-dealer subsidiaries to be included in bankruptcy filing and the company is exploring sale of its broker-dealer operations.

Another breaking news is Bank of America (BoA) has bought Merrill Lynch (ML) in $50 billion all stock deal. BoA will give 0.8595 shares for every 1 share of ML.

Kirby Daley says will see lot of action from FED and government to keep the situation under control. He sees investor risk aversion going forwrad and may see outflows from emerging markets including India.

Mkts crash in early trade BSE NSE

Realty, Bankex, Power dip 6-8% Nifty slips below 4k

Sterlite falls down 7% on swap ratio, sluggish zinc demand, restructuring plans

The market remained range bound in afternoon trade with realty and banking stocks leading declines. European shares too opened flat-to-negative tracking weak global cues.

Sterlite Industries slipped more than 7 per cent after parent Vedanta Resources said it will transfer Sterlite's aluminium and energy businesses to Madras Aluminium, as part of the group restructuring. As per the plan announced, Sterlite will focus on zinc and copper, while MALCO on aluminium.

However, investors pushed the Sterlite scrip down 7.3 per cent to Rs 589 midway through Tuesday’s trade. They are nervous that zinc prices, which have crashed nearly 62 per cent from their peak in early January due to sluggish demand conditions in key consuming countries like China, could put pressure on Sterlite's earnings going forward.

Sterlite's shareholders will get seven MALCO shares for every four held as part of the restructuring. The stock is trading at Rs 586.60, still down 5.5 percent. Madras Aluminium shares, which hit a low of Rs 146.50 on the news, had recovered to Rs 172, still down 5.8 per cent. Sterlite stockholders will get seven shares of Madras Aluminium, or Malco as the company is called. Malco investors will get a single Sterlite share for every 51 shares they hold in the Madras company, according to a Bombay Stock Exchange statement.

Meanwhile, Bombay Stock Exchange's Sensex was down 114.75 points or 0.77 per cent at 14,830.22. The index swung between a range of 14,852.20 and 14,714.92.

National Stock Exchange's Nifty shed 0.53 per cent or 24 points to 4437.20 after moving in a range of 4486.80 and 4418.95.

BSE Midcap and Smallcap indices were down 0.47 per cent and 0.17 per cent respectively.
Biggest Sensex losers comprised Sterlite (-5.29%), Tata Motors (-3.96%), Tata Power (-2.14%), BHEL (-2.01%), ICICI Bank (-1.86%) and Mahindra & Mahindra (-1.4%).

Ranbaxy Laboratories (2.69%), Reliance Communications (1.69%), Maruti Suzuki (1.35%), Bharti Airtel (1.12%) and Reliance Infrastructure (1.08%) were the gainers.

Market breadth on BSE showed 1386 declines against 1038 advances.

Buy Adlabs Films: Sudhanshu Pandey of LKP Shares

Technical Analyst, Sudhanshu Pandey of LKP Shares is of the view that one can buy Adlabs Films.

Pandey told CNBC-TV18, "Adlabs is trading around Rs 520 today and it is looking attractive for buying. The nearest support is around Rs 508 and Rs 500. I would place a stoploss below Rs 500 on a daily closing basis and buy the stock at current levels and look for profit booking somewhere in the range of Rs 560 to Rs 570. This target can be achieved in a matter of 3-4 weeks."
Published on Tue, Sep 09 at 15:04 , Updated at Tue, Sep 09 at 15:07 Source : CNBC-TV18

Maruti looks attractive for long term

R Venkat Subramanian of Kotak Securities is of the view that Maruti Suzuki is looking attractive from a longer-term point of view.


Subramanian told CNBC-TV18, "Maruti is definitely attractive from a longer-term point of view and when I say longer-term I am talking about the next cycle for up turn in auto sector, which would be driven by softening up interest rates and somewhat easy norms for credit consumer credit. I think that is sometime away but these stock prices fallen enough, maybe around Rs 600-620 levels it represents reasonable value and one would start accumulating."

He further added, "Tata Motors is in a different set of circumstances. On the one hand they have to deal with the acquisition that they have done which is going to take a long time before-if at all-it shows any profit and on the other hand, they are in the midst of very ambitious launch of a low price car. I think that company and that stock for sometime is going to be definitely not in a reckoning for any kind of buying act even if interest rates were to fall. So Tata Motors is in a secular set of problems of its own whereas I would look at Maruti to buy on dips to play for the next cycle, which that stock is well positioned for as a proxy to consumption in the Indian consumer segment."
Published on Tue, Sep 09 at 11:05 , Updated at Tue, Sep 09 at 11:48 Source : CNBC-TV18

RIL may fall in next few weeks

Published on Tue, Sep 09 at 10:51 , Updated at Tue, Sep 09 at 13:36
Source : CNBC-TV18

Technical Analyst, Sudarshan Sukhani is of the view that Reliance Industries is likely to available at lower prices in the next few weeks.

Sukhani told CNBC-TV18, "Reliance Industries certainly suggesting that there is a slow and steady downward drift in that stock. The charts are telling us that every time it tries to rally it makes a lower high. So the problem is that Reliance is not a stock that we can suggest to short in it. But this not a time to buy that stock; I think its going to be available at lower prices in the next few weeks."

Tata Motors is on one month highest level

Tata Motors is top gainer on the Nifty. At 2:36 pm, the share was quoting at Rs 421.65, up Rs 13.69, or 3.36%. It has touched an intraday high of Rs 424.95 and an intraday low of Rs 411.10.

It was trading with volumes of 821,309 shares. Yesterday the share closed up 3.90% or Rs 15.33 at Rs 407.96.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 399.41 421.65 22.24 5.57
5-Days 409.18 421.65 12.47 3.05
7-Days 409.18 421.65 12.47 3.05
15-Days 405.39 421.65 16.26 4.01
1-Month 411.94 421.65 9.71 2.36
3-Month 485.83 421.65 -64.18 -13.21
6-Month 630.76 421.65 -209.11 -33.15
9-Month 716.42 421.65 -294.77 -41.14
1-Year 656.83 421.65 -235.18 -35.81



Currently -46.42% below the 52-week high of 786.95
Currently 20.78% above the 52-week low of 349.12

Mkt may retest Nifty can touch 4,650-4,700 levels: Modern Shares

Mon, Sep 01 at 12:46 , Updated at Mon, Sep 01 at 13:41
The September series hasn’t started off too badly. August was down a bit and Friday was very good; today is not too bad. Now the question arises, can markets break those ranges that are formed on the Nifty and power ahead in the month of September and what are the best sectors to bag?

Anil Manghnani of Modern Shares & Stock Brokers feels that the market ranges are probably getting narrower as the volumes continue to shrink even if one takes the end of the June series. He said, “On any fall if we are held within 4,200 or 14,000, this rally still maintains strength to go back and retest 4,650-4,700 levels and about 15,600 to 15,800 on the Sensex. So the fall can be bought into with money stop loss below 4,200 on the Nifty and 14,000 on the Sensex, with a view that this market although rangebound, thin on volumes and movement, may still go and retest the levels again.”

Neppolian Pillai of Modern Shares & Stock Brokers said that one can start looking at the four-wheeler side - Maruti, Tata Motors and Mahindra & Mahindra have moved but the momentum seems to be within Ashok Leyland. He believes that banking has been the star sector within the bear market rally.

Excerpts from CNBC-TV18’s exclusive interview with Anil Manghnani and Neppolian Pillai:

Q: How is the Nifty looking like? Which side are you trading now for the September series? Manghnani: The ranges are probably getting narrower as the volumes continue to shrink even if one takes the end of the June series. A couple of months back, the market was around 4,313. Two months later, it is pretty much around the same level. So if one removes all the noise or the volatility, the market hasn’t done too much on the Nifty although stocks have moved up and down quite a bit. So, as the volumes continue to shrink, the range will get narrow.
The 50% retracement from 3,790 which was this year’s low, right up to 4,650 comes to around 4,220 and similarly from 12,500 odd-level, we rallied to 15,600 - that 50% is around 14,047. On any fall, if we are held within 4,200 or 14,000, this rally still maintains strength to go back and retest 4,650-4,700 levels and about 15,600 to 15,800 on the Sensex. So the fall can be bought into with money stop loss below 4,200 on the Nifty and 14,000 on the Sensex, with a view that this market although rangebound and thin on volumes and movement, may still go and retest 4,650-15,600 levels again.

Q: You are saying that there is a short at doing that within this series for the market - to break its range at 4,400-4,450 and get all the way to 4,600? Manghnani: It has a chance. I do not think the world markets are all behaving in the same manner, maybe the trend is similar but the percentage gain or loss is not comparable - it is not on a day-to-day basis and that is visible. If you see what is happening worldwide, it is one day up and one day down with Dow struggling to cross the 11,600-11,700 area and keeps falling from there. If this GDP (Gross Domestic Product) number is not a one off and Dow starts breaking above 11,700-11,800 and get some sort of move, it helps Asia as a whole.
I hope that 4,200 will hold and if you are buying within 4,300 to 4,200 sort of Nifty levels, your stoploss is only about a percent and a half. That is fair enough if you are a Nifty trader and with the way stocks are moving up 4-5% and coming back to where you originally purchased them, the Nifty is an easier option right now as stocks are not doing too much.

Q3: Interesting that we talk about autos today and Ashok Leyland is your pick from there, what do you see for it in this series? Pillai: Auto sector as a whole is an underperforming sector. After a long time - maybe after two years, the sectoral chart is trying to breakout. So far we have been saying that one should trade four-wheelers and invest in the two-wheelers and that has come true. Now one can start looking at four-wheeler side, Maruti’s, Tata Motors and Mahindra & Mahindra have moved but the momentum seems to be within Ashok Leyland. If one can pick this stock between Rs 33 and Rs 31, it should go to about Rs 37 to Rs 38 kind of levels. It is the smallest stock and there will be larger trading interest going forward once the momentum picks up further. So that would be our pick, one should keep Rs 30 stoploss to protect one’s positions.

Q: What about banking. How is that looking and what would be your pick there if you had to pick one? Pillai: Banking has been the star sector within the bear market rally. That’s one sector, which rallied about 50% majorly because for the last two months they have been sitting on the major downtrend line. They have maintained the uptrend and have given that kind of move on the upside with all the largecap stocks within the banking sector. There are many small midcaps, which have not moved up. Our pick for this month will be Yes Bank; within a band of Rs 132-121 for a target of about Rs 152-162. We can keep a stop of about Rs 120 and trade that on the long side.

Q: How is oil looking as a sector looking for September and what’s the horse you are backing there? Manghnani: It’s still one of the outperforming sectors given the way some of the other sectors even the largecaps from the January highs have corrected in excess of 50-60%. This is one sector where the heavyweights like ONGC and Reliance Industries are still not down. That’s why the sector although down from January is still outperforming on the downside from the rest whether its banking, realty or capital goods.
I picked a smaller stock; it’s probably just retracement move. The stock fell from about Rs 78 in the most recent rally last month to about Rs 59. The range to buy MRPL is between Rs 62 to Rs 56 purely for a trading retracement bounce back of the recent fall back up to Rs 67-71 levels. One can keep a small stop around Rs 55. It’s a nice trading stock maybe doesn’t do too much on a regular basis but when it does move it will give 7-10% move that one is looking for.

Q: There seems to be some interest in capital goods and infrastructure on Friday, anything that is looking strong from that pack to you? Pillai: With the theory holding up that capital goods and banking would be the leading sectors even the stocks from that sector have rallied well. One stock, which has not done much with the bottom of about Rs 738 is ABB. It is still at about the Rs 880 level. We would like to slightly buy it lower at Rs 860 to about Rs 815. We have a target of about Rs 947 to about Rs 1,040 kind of levels. With the stop of Rs 800 that should do well because other stocks like Larsen & Toubro (L&T) and Bharat Heavy Electricals Ltd (BHEL) have really moved by about 30-40%, and this stock has moved about 15-16%. It is going to do a catch up kind of a move with the larger ones and would be our pick for the month.

Q: How about pharmaceuticals? Pillai: Pharma is an interesting sector. When the market topped out in January that is exactly the time pharma broke out. If you take Sun Pharma, Cipla, Ranbaxy everything is holding up much above that January level as of now. So, we have again gone for a midcap with a parent company being Sun Pharma. We like Sun Pharma Advanced Research Center (SPARC). This stock has put in lot of work on the downside between Rs 75 and Rs 90 band. It is trying to break out its Friday’s close, which was Rs 94 and if one can buy between Rs 94 and about Rs 80 with Rs 75 as a stoploss. We should get a target upwards of Rs 108-115. It has consolidated at the lower level and now the momentum should come in and it should give 20% upside from here.

Q: What is a good way to play IT right now for you? Manghnani: If you see from the most recent highs, Infosys has corrected from Rs 2,000 and Satyam has corrected from Rs 450. If you compare from January till today, it is still one of the most outperforming sectors in the market. This sector as a whole can be bought from an investment point of view if you are not invested in trading the sector. The sector has majorly bottomed out in the last six months or so and now you do not see it correcting heavily even on down days in the market.

I have gone for an odd stock where probably people do not follow too much nowadays, Mphasis. Maybe over the last few months or years the volumes have dried up but in the last couple of months or down weeks the volumes are not so heavy but when the stock starts to move up on upper weeks, you are getting more and more volume. Maybe little bit of news based with stake sell is there but the volume has interestingly build up over the last two-three weeks. I am looking at it more as a breakout stock not as a stock that has actually bottomed out. The low was Rs 150 or so and now it is still Rs 240. So it is more of a breakout kind of stock, one should buy between Rs 240 and Rs 220. This stock will really move up now. Its monthly target maybe Rs 267 to Rs 277 but even from an investment point of view probably in the long-term, it could give you an excess of more than Rs 300.

Disclosure:
It is safe to assume that my clients & I may have an investment interest in the stocks/sectors discussed.

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