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On the back of 2nd stimulus package announced by government, Indian stock markets rallied today to higher level. Markets opened on marginally high and as the day progressed both the index gained higher levels. Lack of selling and low volumes helped market to gain.

Nifty Closed at 3121.45 adding 74 points and SENSEX closed at 10275.60 adding 317 points.

Traders feel the market may gain further upside as the Nifty was facing some resistance at 3100. As soon as the Nifty crossed 3100 mark market saw sudden spike based on short covering.

Indian Market News Market Today, Nifty, Sensex

List of companies which have corporate action in the month of Jan 2009, such as Dividends, Bonus, stock splits, etc

Corporate Actions in Jan 2009

Indian Market News, news bonus, Dividends, spilts. corporate action

Punj Lloyd Ltd is a diversified in Engineering & Construction services in Oil & Gas, Infrastructure and Petrochemicals, and with interests in Defense, Aviation, Marine and Upstream sectors. The company known for its capabilities in finishing the mega project on time

The company has done projects across the world, the Group continues to provide integrated design, engineering, procurement, and construction and project management services for the energy, infrastructure and petrochemical sectors. From pipelines, tanks and terminals to refineries, power plants to renewable, airports, rail transit systems to expressways, the Group can offer EPC solutions across a wide spectrum of businesses.

The company has recently singed MOU with Thorium Power Ltd, The MOU establishes a framework to explore and identify the strengths of Thorium Power in areas of the deployment of Thorium Power’s nuclear fuel designs in India, Southeast Asia and other territories; to expand consulting activities for the development of nuclear power generation regionally and worldwide; and to pursue the establishment of a joint venture between Thorium Power and Punj Lloyd to best capitalize on the emerging nuclear renaissance. 

In the Q2 FY2009 company got more orders for leading companies like, Qatar petrochemical, GVK Power. The company also won it’s first drilling contract in Libya. The company’s order book stood at more than 21000 crore at end Q2. As per the company statement the 28% of order book is from South Asia and 26% from Middle East, 37% form south East Asia and Asia pacific.

The company announced following numbers in its Sep 2008 (Q2) quarter.

Total revenue of the company have gone up by 53% to Rs2954 crore. The net profit after tax of the company has shown increase of 60% to Rs. 144 crore. The EPS of the company stood Rs. 4.94 for Q2 FY2009 and Rs 8.44 for half year. Also the EBITA of the company has been showing consistent growth to the tune of above 75%.

The company has been trading in the range of 120-140-170 and at current market price the company is trading at around 11 times of last yeas EPS of 12.65 and the company has already reported 8.44 for first two quarter. The stock price of the company had heavy correction along with the entire market, looks good the current market price.

On Technical charts the company made its 52 week High of Rs 656 and low of 127.40, if showing consolidation formation and trading in the range of 130-180 range the stock huge support at 140 levels, Rs 140 has been acting as support when the stock is trading above 140 and as  resistance when the stock is trading below 140. In my view the stock may reach 250-300 range in year’s time. Investors with long term view can invest in this stock.

Fundamental Analysis, Indian Market News, Stock Tips, Technical Analysis invest, long term, Punj Llyod

Cairn India which is an Indian arm of Cairn Energy Plc, which is mainly into Oil and Gas exploration and production, Cairn India has become one of the leading players in oil and gas industry. Cairn which came with an IPO in January 2007 has garbed considerable amount of market capital and has become India’s fourth largest oil and Gas Company

Cairn has mainly operating its exploration business in Rajasthan, in 2004 the company made one of the largest oil discoveries in India. Recently company also made oil and gas discovery in Rajasthan,

The company has announced following numbers in its Sep 2008 quarter results.

The consolidated Profit before tax for Q3 2008 was Rs. 3,600 million (US$ 82.5 million) and for Q3 2007 was Rs. 674 million (US$ 16.6 million).

The consolidated Profit after providing for tax (including deferred tax and FBT) for Q3 2008 was Rs. 2,933 million (US$ 67.2 million) and for Q3 2007 was Rs. 232 million (US$ 5.7 million). Tax (including current tax and deferred tax) is calculated at entity level and not on a consolidated basis; losses arising within one jurisdiction are not available for offset against profits arising in another.

The Companies stock price made its life time high of Rs.342.70 when crude oil touched record high, and has treaded as low as 88.20 in last 52 weeks. Now the company trading in trading range of 140-170, at current market price the stock is at higher side of the trading range, investor with long term view can buy the stock for target of 300+ in years time.

With company making new oil and gas discovery and crude oil prices getting consolidating around the 38-48 mark the company can make good profits going forward.

Indian Market News, Stock Tips Cairn india, invest, longterm, oil and gas

ROLTA INDIA One of India’s leading engineering and IT companies announced the acquisition of Piocon Technologies, Inc. of Chicago, II, USA. Through this strategic move, Rolta India has acquired a unique template-based solution that addresses critical operational needs of refineries in the Oil & Gas sector. This solution is field proven, and has been deployed successfully in multiple refining facilities of one of the world’s largest oil companies.

The Piocon solution is based on the Institute of Nuclear Power Operations (INPO) AP-913 standard, which was originally developed to ensure equipment reliability within the nuclear power industry, but is now widely accepted by other process industries. Therefore, this solution is eminently suited to be extended beyond refinery operations to up-stream and down stream operations in Oil & Gas, and to other industry segments like petrochemicals, mining, power, and especially highly regulated sectors like pharmaceuticals and nuclear power.

The Piocon acquisition is a part of Rolta’s systematic growth plans to provide configurable solutions that address the real challenges faced by industry today.

Based on the above news the stock saw up move today, with India and US singing nuclear deal and company getting its self ready to face the new challenges one can consider investment in the company with long term view.

Indian Market News invest, long term, Rolta

IDEA Cellular has said it has Plans to invest 300-400 Crore in its Karnataka network.

Idea has plans to expand its recently acquired Spice Communication Ltd; The Mobile Company wants to reach 78% of villages my march 2010. At preset the company operates close to 40% of villages in Karnataka.

Its Recently acquired Spice commutation has around 9-10% markets share compare to its rival Bharti Airtel, with idea taking over spice it is expected to put more money into increase it coverage and improve technology.

Indian Market News , idea, Telecom

Reliance Communications which is a leading CDMA mobile service provider in India has announced its GSM services today.

Announcing the start of GSM service Rcom chairman Mr.Anil Ambani said company will provide world class service and become No 1 player in GSM segment too.

Rcom has said lunching this service will help the company to grow faster, with range of service and the number of handsets it offers to its costumers it can become India’s number one telecom company.

During the press brief the company has said it will participate in CDMA and GSM 3G auction.

The company, he said, has invested over Rs 10,000 crore in the nationwide GSM rollout.
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Indian Market News RCOM

Year 2008 has been not so good for the Indian stock markets, as the Nifty has lost nearly 53% in year’s time. The fall in prices has sharp and volatile and many large caps and other stocks have seen heavy selling and lost most of their gain achieved in last few years.
Some of the stocks lost to the extent of more than 90% and have become best buys, but one need to excises great degree of study before making investments in these companies.
There are some good companies which have lost quite a bit and have become good buys at current market prices.
These stocks have been picked based on technical analysis and can be invested only with long term view. Investor with 1-2 year holding period can buy these stocks for good returns.

portfolio of 9 best stocks with 10 lakhs investment for referance.  

Stocks to Invest in 2009

CMP As on 26-12-2008
As current markets are showing some kind of weakness and volatility so one has to understand even these stocks may see some downside from current levels. But in long term these stocks will see good upside.

Indian Market News, Market Gossip, Stock Tips, news investment, long term, picks

Options are different from forward and futures contracts. An option gives the holder of the option the right to do something. The holder does not have to exercise this right. Unlike, in a forward or futures contract, the two parties have committed themselves to doing something. Whereas it costs nothing (except margin requirements) to enter into a futures contract, but the purchase of an option requires an up-front payment called premium.

For the buyer of the Options the loss is limited to the amount of premium he has paid to buy the options. Where as the in futures contracts the holders of the contract is exposed to unlimited loss or profit.

Buyer of an option: The buyer of an option is the one who by paying the option premium buys the right but not the obligation to exercise his option on the seller/writer.

Writer of an option: The writer of a call/put option is the one who receives the option premium and is thereby obliged to sell/buy the asset if the buyer exercises on him.

Call option: A call option gives the holder the right but not the obligation to buy an asset by a certain date for a certain price.

Call options can be used if one has the bullish view underlying

Put option: A put option gives the holder the right but not the obligation to sell an asset by a certain date for a certain price.

Put options can be used if one has the Bearish view on the underlying

Option price/premium: Option price is the price which the option buyer pays to the option seller. It is also referred to as the option premium.

Derivatives, Indian Market News, news calls, FNO, Options, puts

Cairn India which dose oil exploration business in India having its main focus on Rajasthan, India has stuck more oil and gas.

 

The company which has the production sharing contract with ONGC for this oil field in which the cairn hold 70%

 

The companies share price has trading between 130-170 in recent times, the market analyst feel the stock is good long term buy.

 

Though the fall crude oil price may act as dampener in the share price movement and the analyst feel the stock can touch 300-320 levels in long term.

 

Investor with the long term can buy the stock for handsome returns

Fundamental Analysis, Indian Market News, Market Gossip, Stock Tips buy, cairn, gas, long term, oil, ongc