Quotes with Resistance & Support
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Intraday calls for 30-12-11

Posted on: December 30th, 2011 at 8:24 am

Markets likely to open a bit higher. Support for nifty is at 4620 and resistance 4710.

Buy Aban Offshore at 350, target: 358-360. Stoploss: 343 – (sl triggered)

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444 Responses

Comment pages: 181920212223242526Show all

  1. gayaram Says:
    December 30th, 2011
    Posted at: 3:56 pm

    Hi Abdullah, whats yr fb id

  2. CB Says:
    December 30th, 2011
    Posted at: 4:15 pm

    Hi CA.Tejas, Happy New Year

    Hi Abdullah, Happy New Year

    Hi vishal, Happy New Year

    Hi Sri, Most welcome. Happy New Year

    Hi Tamraj Kilwish, thanks for your calls.. Happy New Year

    Hi raj, zee has strong support at 116-118. likely to see a bounce from here. hold it for now.idea can test 76 in coming days. hul is in a uptrend. hold for now.

  3. vishal Says:
    December 30th, 2011
    Posted at: 4:27 pm

    tamraj take a chill pill your calls are pretty accurate and i always read messages posted by you, you are indeed good.

  4. YOGI Says:
    December 30th, 2011
    Posted at: 4:41 pm

    Hi gayaram, Ge yaar

  5. GOV Says:
    December 30th, 2011
    Posted at: 5:03 pm

    Dear CB,GE.Whats your view on RELIANCE INDUSTRIES for long term view?

  6. CB Says:
    December 30th, 2011
    Posted at: 5:35 pm

    Hi YOGI, Good evening

    Hi GOV, as of now look a bit weak. wait for lower levels of 630-640 to add it. fundamentally its a strong bet for long term.

  7. rahul Says:
    December 30th, 2011
    Posted at: 6:12 pm

    have bought dlf futures at 180 today...

  8. pushp151961 Says:
    December 30th, 2011
    Posted at: 6:21 pm

    Hi Chirag and all,

    please tell me closing price of 4300PE!!!!Having 5 lots @40!!!how do you see market on monday!

  9. CA.Tejas Says:
    December 30th, 2011
    Posted at: 6:22 pm

    Stock to Invest in 2012

    Company Piramal Glass Limited (PGL)

    Is a Ajay Piramal owned company from Piramal Group. It manufactures glass containers (flaconnage) for Cosmetics & Perfumery (C&P), Specialty Foods & Beverages (F&B) and Pharmaceuticals industries. The glass containers manufactured by company are used for products such as nail polish, perfumes, skin care creams, foundations and attars in Cosmetics & Perfume industry. Company manufactures amber bottles, amber and flint vials for liquid oral formulations and injectibles for pharmaceutical industry. Bottles for wine, liquor and food are manufactured for food and beverage industry by company. It has manufacturing plants located in the United States, Sri Lanka and India. Piramal Glass markets its products in more than 54 countries worldwide.

    Growth and Financials
    Piramal glass is planning to grow its capacity by another 22% by the end of this fiscal. It was a loss making business till FY09. But after FY09, it has performed steadily with growth in its earnings. For FY11, company’s net sales were Rs. 1,218.5 crore (it was Rs 1,104 crore in FY10). Net profit in FY11 was Rs 103.4 crore (Net profit was Rs 3 crore in FY10). Net sales itself has more than doubled in the last five years. The company made a rights issue in 2009 for debt reduction. The debt to equity ratio was 15.7 in 2009 when rights issue was done. Now the debt to equity ratio stands at 2.4. And debt reduction has helped in reducing interest payments.

    The Cosmetics & Perfume segment earns roughly 30% operating margin against 22% for the pharmaceutical and Food & Beverage segments. Cosmetics & Perfume category is increasingly contributing towards revenues for company. Revenue share of it has grown from 35% in FY09 to almost 50% in FY11. This has helped company in growing cash flow over last two years. Due to this higher revenue share and increasing sales, Piramal glass turn around and swung into profits from losses.

    Investment Rationale
    Piramal Glass is expecting to increase it’s capacity of manufacturing cosmetics and perfume bottles by 40% and for this, company is setting up new manufacturing facility in Gujarat by March 2012. This capacity increment will make Piramal Glass the world's second largest cosmetics and perfumes bottle manufacturer after France's SGD. As discussed earlier, higher sales and higher profit margins from Cosmetics & Perfume segment has helped the company to improve it’s profitability. Also, company had acquired a US company. This US company has customers such as Calvin Klein, Estee Lauder and similar brands which are very popular in western world and in rest of the world too.

    Piramal Glass, having manufacturing operations in India, has a huge cost advantage over other such companies as most of these companies are based out of Europe. Obviously, cost of production for Piramal Glass is much lower thatn it’s European peers (it is just 46% compared to its European rivals) The company is lining up capital expenditure of Rs 260 crore in the next two years from internal accruals to increase the capacity of Cosmetics & Perfume packaging unit. With the debt reduced in past two years, interest outgo is reduced and will go lower in future increasing net profits.

    Stock Valuation
    Promoters hold 72.30% as per shareholding pattern, which is excellent. The company has given a growth guidance of 17% CAGR for next two years. At current stock price of Rs.93, the stock trades at a P/E of 9. Company had paid out dividend in August 2011 and the stock dividend yield is at 3.79%. If it continues it’s performance, it could be a good dividend yield growth stock in future. At this stock valuation, it is a very attractive stock to buy with 2 years of investment horizon

  10. CB Says:
    December 30th, 2011
    Posted at: 6:43 pm

    Hi rahul, has good support near 181-182 levels. book on rise near 187-188

    Hi pushp151961, closed at 32.50. likely to do well once nifty breaks support at 4550

    Hi CA.Tejas, thanks.

  11. JK Says:
    December 30th, 2011
    Posted at: 7:42 pm

    good evening sir.
    can i enter put as you and abdullah suggest earlier

  12. JK Says:
    December 30th, 2011
    Posted at: 7:48 pm

    hai abdullah

    please suggest me for monday .
    can i enter put in early hour

  13. gaurav Says:
    December 30th, 2011
    Posted at: 7:49 pm

    idea will go up

  14. Abdullah Says:
    December 30th, 2011
    Posted at: 7:59 pm

    Hi CB, Kartik, gayaram, Kb, DJ, Sunilji, JK, Yogi, thaava, Geetanjali, SAI, Mary, lalith, Arijit, tejas , Everybody, Wishing you all a very happy and prosperous New Year 2012. May you all be in pink of health and wishing all your dreams to come true :)

  15. DJ Says:
    December 30th, 2011
    Posted at: 8:02 pm

    Hi Abdul,same to u bro...and to ur family members also

  16. Abdullah Says:
    December 30th, 2011
    Posted at: 8:09 pm

    Hi JK, As of now, we do not know what the first day of trading in new year has in store for us. If we open flat to higher, enter a put near 4700 with stoploss of 4720. If we open lower then 4640 becomes resistance. Better to enter a put near resistance then and keep SL some 20 points above resistance. Whatever you do, its better not to jump in the opening minutes of the day and buy a put.
    Hope this info helps :)

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