Intraday calls for 21-03-12
Markets likely to see a flattish opening. Support for nifty is at 5230 and resistance at 5300.
Buy Bata India at 725, target: 738. Stoploss: 714
10.46am – Buy 5300 ce at 71.50-72, target: 85. Stoploss: 5250 (spot) – (Book profit in 5300 ce at 97)
1.13pm – Buy BF Utilities at 392.50, target: 402. Stoploss: 387 – (Book profit in BF Utilities at 401-402)
1.47pm – Buy Tata global at 115.50, target: 119. Stoploss: 113 Trade in small quantity – (Continue to hold Tata global as BTST)
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Sohan Says:
March 21st, 2012
Posted at: 4:29 pm
Hello CB,
Good afternoon to you and all on the forum.
I was out today and missed this completely.
Can we go for tata global tommorow at opening?
Sohan
hitesh Says:
March 21st, 2012
Posted at: 4:32 pm
hi cb tata motors how is it looking after correction and levls can we expect tii april
Navneet Says:
March 21st, 2012
Posted at: 4:35 pm
Hi CB,
TCS put looking good or not?
setul Says:
March 21st, 2012
Posted at: 4:55 pm
golden cross is applicable to stocks also?? other then 50 dma crossing 200 dma is there anything else also that we should check to undersatand the stock is in bull phase.is chart of swan energy indicating golden cross thanks
CB Says:
March 21st, 2012
Posted at: 4:55 pm
Hi vinod, you are always welcome. you too have a good evening
Hi Sohan, Good evening.. yes, can enter it tomorrow
Hi hitesh, can test 284 again it seems
Hi Navneet, no, dont enter it yet. wait for another day or 2.
CB Says:
March 21st, 2012
Posted at: 4:56 pm
Hi setul, yes.. stocks too do well in this case
ganesh Says:
March 21st, 2012
Posted at: 4:57 pm
all target done on GRAVITA and MCDOWELL-N
setul Says:
March 21st, 2012
Posted at: 4:58 pm
goes chart of swan mills confirm the same
kkailash Says:
March 21st, 2012
Posted at: 4:59 pm
Hi CB,
I am holding HPCL at 310, should I continue or exit at loss
Navneet Says:
March 21st, 2012
Posted at: 5:03 pm
Thanks CB
Naveen Says:
March 21st, 2012
Posted at: 5:15 pm
Hi CB,
What is Idfc target for this expiry?
Raj Says:
March 21st, 2012
Posted at: 5:21 pm
Hi CB,
if you large increase in volumes from volume shockers shows that particular script can go up right? I see most of those of B stocks, for SBI or TELCO or RELIND what parameters we can check to predict the movemnet?
Jaygee Says:
March 21st, 2012
Posted at: 5:36 pm
Hi cb,
I can enter hindalco at current rate ?
shiva Says:
March 21st, 2012
Posted at: 5:53 pm
target for VIP tomorrow?
CA.Tejas Says:
March 21st, 2012
Posted at: 6:11 pm
Company Research : Goodyear India
Business Growth
Goodyear is one of the most reputed tyre brands in India and has got a tremendous brand recall. Also it is the market leader for tractor tyres. Tractor tyres contributed almost 60% to it’s tyre sale by weight in 2011. The tractor industry in India had grown by 27% in 2010 and is expected to grow at similar pace from 2011 to 2013 period. This should help Goodyear India to clock estimated CAGR of 17% in revenues till 2013.
Goodyear India has very high end brands as it’s clientele. The list comprises of Audi, BMW, Land Rover, Mitsubishi and Porsche. The ROIC of company in 2011 stands at, hold your breath, 1,022.7% !! By far the best in industry (Industry standard is 30%).
Stock Valuations:
Goodyear India Limited is a debt free company with cash reserves of Rs.249cr as in 2011.
Company’s raw material, raw rubber, has become cheaper in past one year. Rubber prices have comedown to Rs.188/kg in February 2012 from Rs.243/kg in April 2011. It is a big decline for company’s raw material procurement costing and would definitely boost the bottom line in coming quarters.
As mentioned above, revenues of Goodyear India are expected to grow at CAGR of 17% from 2011 to 2013. And due to this growth along with rubber price decline, company’s net profit should witness growth of over 37% CAGR till end of 2013.
At current stock price of Rs.360, the stock trades at P/E of 12.44 and at P/E of 6.9 to its 2013 estimated EPS of Rs.52. If you value the stock at P/E of 9 in year 2013, the target stock price should be around Rs.470. One may buy stocks of Goodyear India for 1 year target stock price of Rs.470.
Sohan Says:
March 21st, 2012
Posted at: 6:26 pm
Hello CB,
Thanks very much.
Shree Renuka Sugar closed above 35 today.
What is your opinion about this scrip for tommorow. Can it see 40 again.
Sohan