BSE CODE SCRIP CMP TGT SL 527001 ASHAPURA LTD 72.00 104.00 62.00 509550 GAMMON INDIA 216.00 297.00 183.00 500166 GOODRICKE    132.00 215.00 111.00 500449 HIND.ORG.CHM 37.50 60.00 31.00 532756 MAHIND FORG  101.00 163.00 84.00 500109 MRPL         75.00 98.00 67.00 BHATIYA PARESH J Visit :-http://www.bpj1982.blogspot.com/

Point to watch : EARNINGS: Never depend on single income. Make investment to create a 2nd source SPENDING: If u buy things u don't need, soon u have 2 sell things u need. SAVING: Don't save what is left, but spend what is left after saving. TAKING RISK: Never test the depth of the river with both feet.  INVESTMENT: Don't put your all eggs in single basket BHATIYA PARESH J Visit :-http://www.bpj1982.blogspot.com/

WEEKLY VIEW Last Week was……………… ·         Indices failed to keep the date with 2010 highs and stocks saw some profit booking at the end of the week on global equity weakness. On a Weekly closing basis indices remained flat. Market Level…………………. ·         BSE SENSEX (15757) Support seen @ 17216-17395-17536.  Resistance stands @ 17630-17778-17920.   ·         NSE NIFTY (5269) Support seen @ 5207-5225-5250. Resistance stands @ 5285-5325-5365.   Stock to watch for next Week………….. STOCK                        SUPPORT                    CMP                 RESISTANCE HDFCBANK              1875-1912-1945                1948                 1965-1980-2000 HINDALCO                0137-0142-0146                0149                0150-0154-0159 JINDALSTEEL           0615-0629-0640                0643                 0651-0662-0678 L T                            1708-1728-1755                1761                 1785-1839-1885 SESA GOA               0345-0353-0362                0367                 0368-0375-0385 STERLITE IND           0158-0163-0167                0168                 0169-0173-0177 TATA STEEL LTD      0463-0479-0487                 0490                 0496-0505-0515   Hot Call for next week………………… ·         JSWSTEEL (1043) STOP LOSS 1005-1025 TARGET 1052-1069-1085 ·         ONGC CMP(1264) STOP LOSS 1249 TARGET 1295-1325 . Enter Only above 1275 ·         RELIANCE  STOP LOSS 1045  TARGET 1092-1116 . Enter only above 1078

NEXT WEEKLY VIEW Last Week was……………… ·         Stocks continue to gain momentum on FII support and "no bad news". Indices closed the week just 2% below the 2010 peak. The market sentiment also got a push from possible settlement deal between the two brothers who represent India's largest listed groups. ·         FII turned positive on Indian markets following a semblance of normalcy in global markets and revised outlook to stable by rating agencies of India. FII were net buyers in both the cash and the derivatives segment. DII were marginal sellers. Market Level:- ·         BSE SENSEX (17571) Support seen @17251-17389-17536 Resistance stands @ 17647-177781-7995. Minimum Target seen @ 17778 for next week ·         NSE : NIFTY (5263 ) Support seen @5179-5213-5250 Resistance stands @ 5294-5332-5382. Minimum Target seen @ 5332 for next week. Stock to watch for next Week: ABAN               CMP : 0730          TGT : 0748-0765-0790         SL : 0704 AXISBANK        CMP : 1209          TGT : 1225-1245-1257          SL : 1193 HINDALCO       CMP : 0145          TGT : 0150-0153                   SL : 0142 ICICIBANK        CMP : 0867          TGT : 0883-0906                   SL : 0842 STER                CMP : 0679           TGT : 0696-0708-0734         SL : 0659 Hot Call for next week: TATA STEEL(474) : KEEP STOP LOSS OF 465 TARGET WILL BE 484-496. BHATIYA PARESH J

Take Care in Rollover as there is change in lot size of almost 169 underlying stock in future & option Stock where lot size change by 1.50 times are listed blow where action can be seen in next month or months to come.   SYMBOL     JUNE JULY CHANGE RCOM       700 2000 -1300 TV-18      1825 4000 -2175 BHARTIARTL 500 1000 -500 TATACOMM   525 1000 -475 ONMOBILE   550 1000 -450 PRAJIND    2200 4000 -1800 RELCAPITAL 276 500 -224 NATIONALUM 575 1000 -425 GVKPIL     4750 8000 -3250 BALRAMCHIN 2400 4000 -1600 FINANTECH  150 250 -100 ICSA       1200 2000 -800 MUNDRAPORT 300 500 -200 RELMEDIA   600 1000 -400 GTLINFRA   4850 8000 -3150 MOSERBAER  2475 4000 -1525 GMRINFRA   2500 4000 -1500 DISHTV     5150 8000 -2850 FORTIS     1300 2000 -700 GODREJIND  1300 2000 -700 HINDPETRO  650 1000 -350 IBREALEST  1300 2000 -700 NAGARFERT  5250 8000 -2750 HAPPY INVESTING..............   CALL ON 9327411860 for more details........

MARKET UPDATE :-   FIIs bought 783.92 cr in cash and DII sold 170.76 cr On Daily chart , Advance Block pattern formed and Stochastic is also in overbought Zone ( Above 95 ). Which suggest that correction is over due in market and it's time to book profit at higher level. Res @ 5255. Above it may touch 5275-5295-5316. Use it to book profit. Support @ 5215 - 5200. Below it may slide to 5140-5100. DRV @ 5109 which come up day by day. BHATIYA PARESH J

TARGET ACHIVED.........ENJOY.............. Monday, May 31, 2010 BGR ENERGY SYSTEMS Ltd. CMP Rs.594, Upgraded to Accumulate, with a target of Rs.705 BGR Energy has reported excellent set of numbers for the quarter ended March'10 which was way above our expectations, with Revenue and PAT increasing by 131% YoY and 130% YoY to Rs.16597 million and 1083 million. OUTLOOK & VALUATION BGR Energy is one of the leading players in the BOP space. Increasing thrust to augment power capacities coupled with huge investment outlay by the government over the next 8-10 years would provide huge opportunities to players like BGR. Healthy order-book position which stands at ~3.3x its FY10 sales along with pick-up in the execution of two large EPC contracts provides strong revenue visibility over the next few years. Strong performance by the Company in FY10 has mitigated our concerns on its execution capabilities. At the CMP of Rs.594, the stock is quoting at 16.3x and 12.5x its FY11E and FY12E EPS of Rs.36.3 and Rs.47.0 respectively. Hence considering dynamic industry scenario, healthy order-book position coupled with its strong execution capabilities, we upgrade our rating on the stock from 'HOLD' to 'ACCUMULATE' with a target price of Rs.705. BHATIYA PARESH J

Govt to inject Rs 6211 crore in 5 state-run banks The government will inject Rs 62.11 billion into five state-run banks to help meet their capital and lending needs, a government statement said on Saturday.   The support would be given to Bank of Maharashtra, Central Bank of India, IDBI Bank, UCO Bank and Union Bank of India, the statement said.   "These Banks would be able to leverage this capital and lend an additional approximate amount of Rs.77,637 crore to the productive sectors of the economy giving a push to all round economic activity besides paying additional dividends and tax revenues to the Government," it said.   BHATIYA PARESH J

Kalanithi Maran buys 37.75% in SpiceJet at Rs 47.25/share Sun TV Promoter Kalanithi Maran has acquired 37.75% in low-cost carrier SpiceJet at Rs 47.25 per share amounting to Rs 750 crore. As per the deal, Maran's aviation company will acquire the stake from promoters Wilber Ross and Bhupendra Kansagara. Maran will make an open offer for 20% at around Rs 57 per share, reports CNBC TV18. The open offer is likely to be made on Monday. While, Ernst and Young (E&Y) were M&A advisors to Maran in the SpiceJet deal, it was Edelweiss which was advising WL Ross and B Kansagara. BHATIYA PARESH J

Govt sets 25% minimum float for listed firms   The government on Friday set out new rules requiring listed companies to have a public float of at least 25%, a move which could prompt tens of billions of dollars in share sales and further crowd the pipeline for new issues. Listed companies with a free float of less than 25% must increase it by a minimum of 5% a year, the government said in a statement     Among companies in the 30-share benchmark Bombay Stock Exchange (BSE) Index, realty firm DLF, power producer NTPC and software services firm Wipro have a public float of less than 25%, according to BSE data.   BHATIYA PARESH J

Delivery Pick :- Allahabad Bank :- CMP Rs.162, Target of Rs.245 IL&FS Investment Managers Ltd. CMP Rs.41, Target of Rs.57 Ashiana Housing Ltd.CMP Rs.127, Target of Rs.165 Educomp CMP : 555 Target : 716 JUPITER BIOSCIENCE LTD : CMP : 80 TGT 125

OPTO CIRCUITS INDIA LTD. CMP Rs.221, Target of Rs.270 Excellent Q4FY10 Results Opto Circuits India Ltd. (OCL) has reported an excellent performance for Q4FY10. Some of the key highlights of the quarterly performance are given hereunder. Its Consolidated Revenues for the quarter stood at Rs.3344.6 mn, registering a strong growth of 56.9% YoY and 30.1% QoQ. During Q4FY10, its invasive business grew by 151% YoY to Rs.1070 mn contributing about 32% to the overall revenues, whereas, the non-invasive business grew by 26.8% to Rs.2107 mn and contributed about 63% to the overall revenues.   Its EBITDA increased by 51.4% YoY and 25.9% QoQ to Rs.1109.5 mn, while its EBITDA margins stood at 33.2%. The PBT (including other income) increased by 43.2% YoY and 34.2% QoQ to Rs.916.7 mn. However, its APAT grew by 22.6% YoY and 8.5% QoQ to Rs.713.1 mn, mainly due to higher tax provision at 22.2% for Q4FY10 as against 9% in Q4FY09. OUTLOOK & VALUATION OCL has delivered very strong performance during FY10. The Company launched several new products during the year in both invasive as well as non-invasive segments. The Company has 18 years of experience in knowledge intensive medical device industry, and is one of the leading manufacturers of healthcare equipment in India. To expand its product portfolio as well as its presence in global market, OCL has done nine acquisitions in last nine years in different geographies. The acquisition strategy has worked well for the Company and it has grown its APAT at ~67% CAGR during FY05-10. The Company also launched many new & innovative products in both invasive & non-invasive segments and also acquired necessary certification to sell these products in different markets. OCL operates in monitoring devices Industry, which is estimated to grow to US$ 5.7 bn by 2011 as per Global Markets Direct Report. Further, the US monitoring devices market, where OCL has presence through its subsidiary Criticare, is expected to grow at a CAGR of over 8% and would account for 56% of the worldwide market by 2011. As per Global Coronary Stent Market Report, the global market for coronary stents is expected to grow at a CAGR of 3.4% to US$ 7.36 bn by 2015, while the global DES (Drug Eluting Stent) market is expected be around US$ 4.24 bn by 2010. The DES market globally is dominated by US, followed by Europe and Asia-Pacific. Currently, OCL has presence in European market through its subsidiary Eurocor. Going forward, OCL is expected to deliver very strong performance for next 2-3 years. We expect OCL's consolidated revenues to grow by 25% & 20% in FY11E & FY12E respectively and its APAT to grow by 28.8% & 24.1% in FY11E & FY12E respectively. At the CMP of Rs.221, the stock is trading at 12.2x and 9.9x of its FY11E and FY12E estimated earnings of Rs.18.1 & Rs.22.4 respectively. We maintain our BUY rating on the stock with an increased target price of Rs.270 (12x its FY12E earnings). BHATIYA PARESH J

Maruti sales top 100,000 a month for first time Passenger car major Maruti Suzuki on Tuesday reported a 27.9% jump in sales for May at 102,175 units compared to 79,872 vehicles it sold in the year-ago period. This is the first time the car maker has ever sold over 100,000 units in a month, its previous highest monthly sale figure being 96,650 units in February. "During May, domestic sales stood at 90,041 units in the domestic market, up 27.2% over the corresponding month last year. This is the highest ever domestic sales in a month," the company said in a statement. Exports during the month grew 33.5% at 12,134 units. BHATIYA PARESH J