Value Research

At a Press Meet on last Thursday after AGM, HPCL management has informed the media that it has posted historic high net profit of Rs. 2733 crore for FY 14-15 and has announced highest ever dividend of 245% (i.e. Rs. 24.50 per share). The company is going ahead with JVs and expansion of its existing refinery capacities for which it has planned capex of Rs. 45000 crore from current fiscal till 2020. Company is putting major thrust on retail segment and has ambitious plans to have larger pie in the market share going forward

Expected Some Downward Trend In Coming Week BSE Index (25610.21) :- After coming down to bottom of 24833.54, the index is witnessing rebounding effect. It shows neutral position on daily basis, while oversold position on weekly and monthly basis. On upward movement, beyond 25903 it may go up to 26010, 26240 and 26700. On downward movement, below 25530 the level of 25287 shows weak trend. Nifty Future (7789.35) :- From bottom of 7558.10, it shows rebounding spurt. It shows overbought position on daily basis, while oversold on weekly and monthly basis. On upward movement, beyond 7840 it may witnessing important resisting level at 7889 and if it crosses the same it could go up to 7905,

Sterlite Technologies (Rs. 80.00) (Code: 532374)  The shares of this B group listed company have face-value of Rs. 2. The share touched a high of Rs. 110 and low of Rs. 48 in the last 52 weeks. The company has 35% market share in telecom optical fibre cables and power conductors. Its portfolio includes eight power projects. The demerger of its power and cable businesses will become effective in the fourth quarter of current year. It is expected to benefit significantly from the rollout of 4G services and Digital India programme. It also plans to set up a LCD panel unit with an investment of Rs. 40,000 crores. Promoter stake in the company is 54.81%, DIIs 10.34% and others 31.95%. The company can deliver Good returns in the short to medium term. Discl - May have vested interest in Stocks mentioned. Investing in Equity is risky & may lead to loss of capital. Consult own advisor & take your own call

Action Construction Equipment (ACE) Cmp:38  A Delhi-based construction equipment manufacturer. The company was incorporated as a private limited company in 1995 and went public in 2005. Vijay Agarwal is the chairman, CEO, and managing director of the company.  ACE is engaged in designing, manufacturing and marketing hydraulic mobile pick-n-move cranes, forklift trucks, loaders, tower cranes, aerial work platforms, mast climbing platforms/lifts, and lorry loaders/truck mounted cranes. ACE has full-fledged production facilities based in Faridabad. ACE equipment is used in many industrial sectors like infrastructure, construction, roads, engineering industry, coal mines, chemical and fertilizer plants, power stations, ports, heavy project engineering industry, railways, cement industry, oil industry, defence etc.  ACE has been certified as an ISO 9001 company by CVI. The company has a series of tie-ups with the leading foreign companies like PM-Italy, Zoomlion-China, M...

Navkar Corporation Bse Code:539332 Intraday Target 173 Buy At Around 162 Sl 160 Short Term Target 190

Jindal Drilling reached a life-time high of Rs 950.00 in the stock market boom of the year 2007-08 and then entered a long-lasting downtrend that continued until in the week before the last. The share, after topping out at Rs 950 in 2007-08, entered a long-lasting bearish trend and did not even participate in the latest stock market boom that emerged from August, 2013, as it continued to lose even when most others were gaining after August, 2013. In the last eight years post the 2007-08 stock market boom, the share has formed sustainingly lower tops. Even in the latest stock market boom, it reached a high of Rs 302.75, which was the lowest top in the series. From the latest top of Rs 302.75 established in May, 2014, the share entered a sustained downtrend until it reached a low of Rs 105 on Tuesday of the previous week. However, after reaching this nine to ten years' low of Rs 105, the share rallied and rose to Rs 139.90 in just two working days of hitting the lowe...

This Week Expected Some Bullish Trend  NIFTY (7655) For next week nifty has strong support around 7590-7540 level, break with volume will take it to 7480---7445 level. On the upper side it has strong hurdle at 7720 level, cross over with volume will take it to 7815 levels. As per our view market is now at its bottom. Investors whose horizon is for long term can start buying from this level. Nifty can give handsome returns in medium to long term from here.  In this uncertain market investors can accumulate CAPRIHANS INDIA (509486) (73), ITL INDUSTRIES (522813) (37) & TANFAC INDUSTRIES (506854) (39)   BANK NIFTY (16129) For next week BANK NIFTY has strong support around 15800 level, break with volume will take it to 15615 level. On the upper side it has strong hurdle at 16335 level, cross over with volume will take it to 16625 levels.