amittal007

• Active (36) | Closed (718) | All (754)

• Ticker
• Rating
• Start Date
• Call
• Horizon
• Start Price
• Current price
• Dividend Paid
• (A)Stock Returns
• (B)Index Returns
• Net points (A)-(B)

• BANKINDIA
• 
• 2012-01-27 
•  
•  1w 
• 355.70 
• 352.85 
• 0.00 
• 0.8% 
• -0.2% 
• 1.0 

• LICHSGFIN
• 
• 2012-01-27 
•  
•  Intraday 
• 254.50 
• 251.65 
• 0.00 
• 1.1% 
• -0.2% 
• 1.4 

• BAJAJFINSV
• 
• 2012-01-25 
•  
•  6m 
• 458.70 
• 457.65 
• 0.00 
• -0.2% 
• 1.1% 
• -1.3 

• UNIONBANK
• 
• 2012-01-25 
•  
•  1w 
• 208.35 
• 215.45 
• 0.00 
• -3.4% 
• -0.9% 
• -2.5 

• HDFCBANK
• 
• 2012-01-25 
•  
•  1w 
• 486.20 
• 484.20 
• 0.00 
• 0.4% 
• -0.9% 
• 1.3 

• BANKBARODA
• 
• 2012-01-25 
•  
•  1m 
• 813.30 
• 760.25 
• 0.00 
• 6.5% 
• -0.9% 
• 7.4 

• STAR
• 
• 2012-01-25 
•  
•  6m 
• 506.05 
• 507.80 
• 0.00 
• 0.3% 
• 0.8% 
• -0.5 

• HDIL
• 
• 2012-01-25 
•  
•  1w 
• 83.20 
• 79.80 
• 0.00 
• -4.1% 
• 0.9% 
• -5.0 

• AXISBANK
• 
• 2012-01-25 
•  
•  1w 
• 1,064.90 
• 1,073.05 
• 0.00 
• -0.8% 
• -0.8% 
• 0.1 

• CIPLA
• 
• 2012-01-25 
•  
•  1m 
• 343.00 
• 344.75 
• 0.00 
• 0.5% 
• 0.9% 
• -0.4 

• LUPIN
• 
• 2012-01-25 
•  
•  6m 
• 460.95 
• 467.00 
• 0.00 
• 1.3% 
• 0.9% 
• 0.4 

• ROHLTD
• 
• 2012-01-25 
•  
•  6m 
• 50.65 
• 49.95 
• 0.00 
• -1.4% 
• 0.8% 
• -2.2 

• HDFC
• 
• 2012-01-25 
•  
•  3m 
• 710.00 
• 699.15 
• 0.00 
• -1.5% 
• 0.9% 
• -2.5 

• GLENMARK
• 
• 2012-01-25 
•  
•  6m 
• 315.00 
• 314.95 
• 0.00 
• -0.0% 
• 0.8% 
• -0.8 

• LT
• 
• 2012-01-19 
•  
•  1w 
• 1,254.70 
• 1,381.50 
• 0.00 
• -10.1% 
• -4.1% 
• -6.0 

• WIPRO
• 
• 2012-01-18 
•  
•  1w 
• 407.60 
• 417.85 
• 2.00 
• -3.0% 
• -5.0% 
• 2.0 

• SIEMENS
• 
• 2012-01-13 
•  
•  3m 
• 724.80 
• 754.95 
• 6.00 
• 5.0% 
• 7.2% 
• -2.3 

• BAJAJ-AUTO
• 
• 2012-01-12 
•  
•  2y to 5y 
• 1,469.70 
• 1,538.20 
• 0.00 
• 4.7% 
• 7.1% 
• -2.5 

• GUJRATGAS
• 
• 2012-01-06 
•  
•  1m 
• 382.55 
• 386.90 
• 0.00 
• 1.1% 
• 9.9% 
• -8.8 

• ADANIENT
• 
• 2012-01-06 
•  
•  1m 
• 266.30 
• 422.95 
• 0.00 
• 58.8% 
• 9.9% 
• 48.9 

• GLAXO
• 
• 2011-12-30 
•  
•  3m 
• 1,950.00 
• 1,946.35 
• 0.00 
• -0.2% 
• 11.2% 
• -11.4 

• RELIANCE
• 
• 2011-12-27 
•  
•  2y to 5y 
• 762.85 
• 817.60 
• 0.00 
• 7.2% 
• 8.8% 
• -1.7 

• GSKCONS
• 
• 2011-12-27 
•  
•  1y to 2y 
• 2,511.30 
• 2,487.10 
• 0.00 
• -1.0% 
• 9.2% 
• -10.1 

• GVKPIL
• 
• 2011-12-26 
•  
•  2y to 5y 
• 12.00 
• 15.90 
• 0.00 
• 32.5% 
• 10.0% 
• 22.5 

• GMRINFRA
• 
• 2011-12-26 
•  
•  2y to 5y 
• 20.05 
• 29.70 
• 0.00 
• 48.1% 
• 10.0% 
• 38.1 

• IDFC
• 
• 2011-12-13 
•  
•  1m 
• 103.10 
• 131.40 
• 0.00 
• 27.4% 
• 9.3% 
• 18.1 

• OPTOCIRCUI
• 
• 2011-12-12 
•  
•  3m 
• 209.00 
• 242.00 
• 0.00 
• 15.8% 
• 6.4% 
• 9.4 

• ORCHIDCHEM
• 
• 2011-12-12 
•  
•  3m 
• 166.50 
• 171.35 
• 0.00 
• 2.9% 
• 6.4% 
• -3.5 

• JAMNAUTO
• 
• 2011-12-12 
•  
•  >5y 
• 93.15 
• 90.45 
• 0.00 
• -2.9% 
• 6.9% 
• -9.8 

• ITC
• 
• 2011-11-24 
•  
•  6m 
• 194.95 
• 201.80 
• 0.00 
• 3.5% 
• 10.6% 
• -7.1 

• APOLLOHOSP
• 
• 2011-11-24 
•  
•  1m 
• 573.70 
• 600.50 
• 0.00 
• 4.7% 
• 10.6% 
• -5.9 

• AVENTIS
• 
• 2011-08-24 
•  
•  1y to 2y 
• 2,105.00 
• 2,247.75 
• 0.00 
• 6.8% 
• 5.7% 
• 1.1 

• GAIL
• 
• 2011-08-24 
•  
•  3m 
• 414.00 
• 372.50 
• 3.00 
• -9.3% 
• 5.5% 
• -14.8 

• JETAIRWAYS
• 
• 2011-08-19 
•  
•  1y to 2y 
• 287.90 
• 242.60 
• 0.00 
• -15.7% 
• 7.3% 
• -23.0 

• BANKRAJAS
• 
• 2010-05-20 
•  
•  6m 
• 131.30 
• 212.60 
• 0.00 
• 61.9% 
• 5.8% 
• 56.1 

• JPASSOCIAT
• 
• 2008-10-24 
•  
•  1y 
• 45.17 
• 70.80 
• 2.37 
• 62.0% 
• 81.6% 
• -19.6 

Recs
0 Posted by amittal007 on GVKPIL | Monday, December 26th, 2011
with changi airport picking up stake at a little less than $ 2 bln valuation, the stock has finally recovered its fundamental story esp as Singapore corporates have shown that they are invested for the long term such as singtel in Bharti. Should ease the pressure on debt in GVK and 30 year funding for future projects

Replies (0)

Recs
8 Posted by amittal007 on GMRINFRA | Monday, December 26th, 2011
One of three flagship stories that do not need a Reliance name in Infrastructure, they will be the major beneficiaries of provision of Infrastructure Finance instead of expensive short term and very long term debt with regular covenant.

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Recs
6 Posted by amittal007 on DELTACORP | Monday, December 19th, 2011
The promised business model has failed. Total outstanding share volume is not enough to stop a run; known position of market makers is short

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Recs
12 Posted by amittal007 on PNB | Tuesday, December 13th, 2011
Performance on NPAs is not suspect per prior record but additional risk from higher rate environment in loss of competitiveness for one of the aspiring to be competitive than a laid-back PSE.

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Recs
0 Posted by amittal007 on SUNPHARMA | Tuesday, December 13th, 2011
Short from 513

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Recs
0 Posted by amittal007 on IDFC | Tuesday, December 13th, 2011
Can probably get it below 100 also but hardly worth hanging around without a stop loss order, limits

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Recs
0 Posted by amittal007 on ICICIBANK | Friday, December 2nd, 2011
Trade and Win: Don't carry longs overnight/to monday open
Short at 800 (788)

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Recs
6 Posted by amittal007 on BAJAJ-AUTO | Friday, December 2nd, 2011
Already counting these bipeds in auto sales! Not the consumption jump we were looking for, Hero and Bajaj are just signs of penury and poverty yet

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Recs
0 Posted by amittal007 on RELINFRA | Friday, December 2nd, 2011
Long gestation projects good work, no prospect of immediate returns. Known facts have been discounted at this all time bottom? unlikely. there may yet be another couple of 20s to be lost there.

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Recs
6 Posted by amittal007 on IOC | Friday, December 2nd, 2011
Petrol price drop was not bearish for the stock, may also get a tax break on refineries, but there is no upside in 1w-1m and you can probably get it later at a lower price. Don't be in a hurry to buy for the long term

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Recs
0 Posted by amittal007 on DEN | Friday, December 2nd, 2011
Even after the jump due to announcement in standardiation of 74% FDI across all distribution technologies

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Recs
0 Posted by amittal007 on LICHSGFIN | Friday, December 2nd, 2011
Short from 230-236 to 211/217

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Recs
0 Posted by amittal007 on BANKINDIA | Friday, December 2nd, 2011
Down to 180? A select few are not random losers due to NPA systemisation issues..

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Recs
0 Posted by amittal007 on KFA | Friday, December 2nd, 2011
Mumbai bailed on them, news on Jet airways and Sale and Lease back as also on Indigo remains a good portend for the rest, fund with KFA shorts in pairs strategies. Positions need to be longer

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Recs
0 Posted by amittal007 on IDBI | Friday, December 2nd, 2011
Sell at 98-99

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Recs
0 Posted by amittal007 on AXISBANK | Friday, December 2nd, 2011
Sell at 990.

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Recs
7 Posted by amittal007 on ORCHIDCHEM | Tuesday, November 22nd, 2011
Among the brat pack in Pharma, driving aggressive growth ready for generics as well as new domestic and services growth alongwith Lupin, stride and device makers like Opto.

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Recs
0 Posted by amittal007 on AUROPHARMA | Tuesday, November 22nd, 2011
Corp Governance issues, stopped exports and more earnings issues....

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Recs
0 Posted by amittal007 on ONGC | Friday, November 18th, 2011
250 should have been the bottom bu t likely 235 pre and post IPO float

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Recs
7 Posted by amittal007 on MM | Monday, November 14th, 2011
Based on fundamentals, stock could reach as high as 1200 at 3x sales and tempting because of its low debt

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Recs
9 Posted by amittal007 on YESBANK | Tuesday, October 18th, 2011
Wonderful fundamentals as it grow CASA from 10% to 25% in the next few quarters, measured growth at a fast clip because of small base in corporate and deposits. Superb return on assets/equity
can correct till 260 even a little bit more.

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Recs
0 Posted by amittal007 on SBIN | Tuesday, October 18th, 2011
overcorrected even though no rights issue likely in 2011/12. can easily showcase growth momentum on a large 8 tln book with NIMs growing in pace while pvt banks groiw only volumes and lose NIMs

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Recs
0 Posted by amittal007 on HINDZINC | Tuesday, October 11th, 2011
copper Zinc Nickel back in Commodities action with China buying at the low price of the cycle

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Recs
0 Posted by amittal007 on STER | Tuesday, October 11th, 2011
Copper Zinc Nickel back in commodities action as China starts warehousing more at the better prices

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Recs
0 Posted by amittal007 on KFA | Tuesday, September 6th, 2011
The stock is "giving aviation a bad name" as it manages to disproves all avenues of possible exit from a debt trap and is probably waiting for a write off or bankruptcy to come back, the earlier restructuring and equity purchase by lenders almost all lost to the operations of the last two quarters

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Recs
0 Posted by amittal007 on AHLEAST | Wednesday, August 24th, 2011
only till expiry, new series nifty down again

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0 Posted by amittal007 on IRB | Wednesday, August 24th, 2011
shortcovering. alrdy bounced

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Recs
0 Posted by amittal007 on YESBANK | Wednesday, August 24th, 2011
good bank bounce. PSU banks, not so much clarity

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Recs
0 Posted by amittal007 on EDUCOMP | Friday, August 19th, 2011
No substance just nothing else in the training even education sector except Educomp anad Everonn..like jubilant on its down days..

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Recs
0 Posted by amittal007 on PRAJIND | Friday, August 19th, 2011
seems stable to become a prized defensive

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Recs
0 Posted by amittal007 on PETRONET | Friday, August 19th, 2011
This sector's downside run has been extended and its prospects for that of well governed companies in the sector are superior in fact. Good for the bad days

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Recs
0 Posted by amittal007 on TCS | Friday, August 19th, 2011
moer room there at the bottom, this time definitely to start from that ultimate bottom, may go below 800 as CTS comes to #2

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Recs
0 Posted by amittal007 on INFY | Friday, August 19th, 2011
moer room there at the bottom, this time definitely to start from that ultimate bottom, may go below 800 as CTS comes to #2 (INFY below 1890..)

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Recs
0 Posted by amittal007 on HEROMOTOCO | Friday, August 19th, 2011
Sector bear days are Monday Wednesday and Friday, with IT and Banks taking Friday, Tuesday and Thursday.

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Recs
0 Posted by amittal007 on INGVYSYABK | Friday, August 19th, 2011
This too shall LAST!

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Recs
0 Posted by amittal007 on MARUTI | Wednesday, August 17th, 2011
Bottom is 1171 probably. the last downtick in Auto from previous year ...

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Recs
0 Posted by amittal007 on BAJAJFINSV | Wednesday, August 17th, 2011
Looking for a bottom on Private Insurance for the big UP trend

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Recs
7 Posted by amittal007 on BAJAJ-AUTO | Wednesday, August 17th, 2011
The trading ride for select sectors and scrips are interlaced - for example in autos, Bajaj Auto has likely peaked but if they get a big buyer can peak to 1550. Similarily ITC should be jettisoned now for trading members and can see some action in Hotels after the new takeover code

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Recs
0 Posted by amittal007 on BHARTIARTL | Thursday, May 5th, 2011
handholding expectations is a continuous investment and becomes untenabke after a quick valuation catch up. Down post results for fresh buying

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Recs
7 Posted by amittal007 on PFOCUS | Thursday, March 31st, 2011
Market news trackers have already made money but Mid Caps are yet to rise in this run and the company is growing at 70-80% has QIP and a Lucasfilm order

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Recs
0 Posted by amittal007 on SBIN | Thursday, March 31st, 2011
CATCH A FALLING STAR. Up for the big ride with results handover and a bigger Nifty benchmark near 6300

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Recs
0 Posted by amittal007 on ICICIBANK | Thursday, March 31st, 2011
Up to 1156 on technicals and some more on index momentum , prob 1216

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Recs
8 Posted by amittal007 on ITC | Tuesday, March 15th, 2011
Don't believe the comeback run intraday on the index. There is a lot of recalibration to be done. the commodities plays have gone topsy turvy again.

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Recs
7 Posted by amittal007 on ICICIBANK | Tuesday, March 15th, 2011
This ride is not over. The downtrend will be led by the banks again, as the demand situation deteriorates suddenly and china + japan makes for a very bad imbalance in the region

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Recs
7 Posted by amittal007 on LICHSGFIN | Monday, March 14th, 2011
all the makings of a good defensive. AS HUL gets dumped and nit much more can happen in ITC, it is a safe pick and the biggest beneficiary from the licensing deal coming from the Govt.

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Recs
7 Posted by amittal007 on ORCHIDCHEM | Thursday, March 3rd, 2011
Good News/Bad News stock remains a darling with high growth mechanics intact along with Stride Arcolabs and even Glenmark / Sri Auro. The MNCs in this industry are good too - Pfizer may not have shown the way to growth but Glaxo remains very strong in Asia and Africa.

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Recs
8 Posted by amittal007 on TALWALKARS | Monday, February 28th, 2011
Pick it below 177 drop it below 150, if ever.
pick up 2009 IPOs, Prestige Estates and drop Cox & Kings

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Recs
1 Posted by amittal007 on HINDUNILVR | Friday, January 28th, 2011
start bargain hunting now, but do wait around for a month to complete buying

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Recs
1 Posted by amittal007 on SHREEASHTA | Friday, January 28th, 2011
Purely speculative alongwith MVL, in media/movies and network 18 in media/tv also looking for bottoms in Sun Tv and Talwalkars

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Recs
1 Posted by amittal007 on TCS | Friday, January 28th, 2011
Sorry may not pan in short / medium windows as a good ddefensive would but isn't so upbeat in the long window

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Recs
0 Posted by amittal007 on INFY | Friday, January 28th, 2011
safest defensive

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Recs
9 Posted by amittal007 on IRB | Monday, November 15th, 2010
Great Order log. Also road/surface infrastructure will do rather well. Long Relinfra and IRB

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Recs
0 Posted by amittal007 on KOTAKBANK | Wednesday, November 10th, 2010
Maintaining short, see top picks

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Recs
4 Posted by amittal007 on SBIN | Wednesday, November 10th, 2010
Check out blog here. Great results if you look at growth in NIM o 3.45% and a phenomenal Credit Deposit ratio. Associates will be loading Non performing loans but this is a policy leader and would be India brand's success more than ICICI Bank and Kotak the second having failed to take off at all.

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Recs
0 Posted by amittal007 on ICICIBANK | Friday, October 29th, 2010
close to being intra day call, seems bank will underperform on credit in Sept results and thence the next 3-4 quarters

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Recs
8 Posted by amittal007 on IDBI | Friday, October 29th, 2010
A decade ago when the Universal Bank model was championed (by us, among others) and caught the imagination of banking leaders and adopted globally for a feverish unending good times, IDBI Bank had missed the bus by a whisker as they remained plagued by NPAs and chose to go 100% technology driven in urban centers where ICICI and HDFC Bank were already invested and ramping up. Even now they are plagued by NPAs but the size factor looks much more on IDBI side. Q2 2011 saw them make Rs 4,200 million in profits a 100% growth over last year’s 230 odd crores.

The $100 million quarterly profits and 1400 ATM strong bank can easily lead the new breed of banks this period will spawn with adequate distribution strengths and a more than adequate trust dividend available to it from its customers and a largely surplus word of mouth in its constituency which includes salary account holders, professionals, businesses. The bank in positioning terms seems almost merged with the other midcap going large cap player in ING Vysya Bank and this augurs well for both players.

Till now the bank has been considered part of the pack of public sector banks but that is unlikely to stay easy to maintain going forward, though no longer do they have an option to merge with parent IDBI or otherwise grow there constituency inorganically as larger PSBs come into play and dominate size.

QOQ results are larger by almost 70%. Q11 result was a $60 million which in itself was a 50% over the previous year’s $45million. Advances were a respectable INR1.35T($34bln) as of June and deposits Rs 1.60T($ 40bln) and would have grown in double digits Q-o-Q . ON Total assets of $56bln, returns on assets come to a healthy 1.8% on Quarterly rates of $1.2 bln in Income. NIM has been low becaause of NPA but is steadily improving ( 1.64% as of June) The government is infusing $750 mln as capital in the bank. setting it up for an ipo as that would be up to 25% new issuance if common equity is purchased by the government. IDBI just raised a $100 mln in overnight money out of a target $2bln issuance this year in October in the debt space

The FII investment has been growing steadily in the bank and likely twice the March 2010′s figure of 5.7%

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Recs
0 Posted by amittal007 on TRF | Friday, October 29th, 2010
One thirds the Quarter's profits already written off in a financial fraud

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Recs
4 Posted by amittal007 on PRESTIGE | Thursday, October 28th, 2010
Good Listing. At market current rate may not be further correction in Industry. Unless you want to hold out till March 2011 or December blues you could pick it up at this price

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Recs
8 Posted by amittal007 on SPARC | Friday, October 22nd, 2010
Hidden gem. Long held cynicism may be intact but will move with the market trend.

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Recs
5 Posted by amittal007 on KOTAKBANK | Wednesday, October 20th, 2010
Seems to have lost its hold on policy leadership and is losing market share like a sinking ship.

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Recs
0 Posted by amittal007 on EVERONN | Wednesday, October 6th, 2010
You would still be in time to catch most of the bull run in the training/education sector esp those players with ERP trainings

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Recs
7 Posted by amittal007 on APIL | Thursday, September 30th, 2010
One of the Best ROCE. Financials show immense move in the making for 175% to 200% upside from 800

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Recs
8 Posted by amittal007 on JAYBARMARU | Thursday, September 30th, 2010
A quality Midcap, growing its association with a fast growing Maruti Suzuki and maintaining the required velocity in earnings growth,likely to have a great results season to prove the point.

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Recs
0 Posted by amittal007 on JAICORPLTD | Thursday, September 30th, 2010
Results season is here and quality Mid caps are the best candidates for a good sprint.

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0 Posted by amittal007 on JYOTHYLAB | Monday, September 27th, 2010
Portfolio pick! and great Indian consumer story..

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0 Posted by amittal007 on TEXMACOLTD | Monday, September 27th, 2010
good Q1, amazing annualised PE of <10 after q1

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Recs
0 Posted by amittal007 on ICICIBANK | Friday, September 24th, 2010
I think restructuring time is now over. A very serious technical upturn could start for the new series in October

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Recs
0 Posted by amittal007 on TCS | Friday, September 24th, 2010
Switch to health and pet chem , esp till expiry in September and later as rupee uptrend is strong and international customers will likely not appreciate India's current situation or their own. Economic cases no longer matter as much as earlier, esp with European customers it is decidedly a social only experiment.

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Recs
0 Posted by amittal007 on JUBLFOOD | Friday, September 24th, 2010
Start up at about 473 and go all the way! India's Lifestyle Economy's new stars. Talwalkars has a deeper reaction left in. Keep checking Advantages.US blogs for story updates, CWG could have been a big boost for these scrips but despite that impeding failure Bhartia's Dominos franchise will work out regardless.

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Recs
0 Posted by amittal007 on INFY | Wednesday, September 22nd, 2010
I'd say Rupee is back and Infy and MindTree will nosedive for the keelhaul of the big rise for the week

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Recs
1 Posted by amittal007 on MINDTREE | Wednesday, September 22nd, 2010
The rupee is up and Infy and Mindtree must take a nosedive to repair the hull of the big bull rising (till the week (ending Tuesday next)

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Recs
8 Posted by amittal007 on HEROMOTOCO | Friday, September 3rd, 2010
The stock will touch 1495 on the way down if 36% stake sale is confirmed in the next few days. Additionally PE firms expecteed to look at 1495 for themselves in the stake urchase and then the stock will lose valuation after Honda's exit.

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Recs
0 Posted by amittal007 on BAJAJ-AUTO | Friday, September 3rd, 2010
Intermediate upside will be broken as the Indian 2 wheeler story is on the way down with the small car a staple. Car nos to rise by 2-3 times in the next 2-3 years. Hero Honda will be beaten down by PE ownership to 20% lower levels

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Recs
0 Posted by amittal007 on KARURVYSYA | Wednesday, September 1st, 2010
Has risen very fast but is still very well placed in pricing esp with a likely 1:1 bonus and new rights offer, FII share up to 26% in august and high cash earnings. High Dividend payout (15/share) and EPS of 60

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Recs
8 Posted by amittal007 on IVC | Wednesday, September 1st, 2010
IL&FS Investment Managers have performed fine in PE exits and the fund size gives it an economic edge with probably the right portfolio. With PE exits due for a significant part of the folio and new players waiting to buy stakes, there are likely to be good returns, even 40% this year. Infra has fallen out of favor Good time to tank up on the leaders

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Recs
0 Posted by amittal007 on RBN | Monday, August 9th, 2010
great results, 21% in radio, radio growing 50% p.a.

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6 Posted by amittal007 on SUBROS | Monday, August 9th, 2010
Great business to be in, esp with 40% + market share. Auto sales to stay on target to 10 million for the year. Auto ancilliaries has very few outright winners. Improved costs by 3% in raw materials in June '10 (Posted as ugly duckling turnaround scrip by sharekhan)

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0 Posted by amittal007 on DEN | Monday, August 9th, 2010
the grass is green!

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6 Posted by amittal007 on RELMEDIA | Friday, July 30th, 2010
The market is abuzz, and the promoters were holding on to their 70% share or 42 crore equity shares for a Rs 140 price. Inox has a significantly higher enterprise value and the valuation of INR 740 Crores or INR7400 million is much better pricing the company's screen and customer goodwill assets.
Despite high Gross margin of 42% at Reliance Media Works, the Enterprise value of the company of 14 times ts Gross Profit compares badly with Inox's likely 23 times its higher gross profit.

After the War with Fame, Reliance Media Works need the arsenal of screens to underline its large footprint to prepare for the retail lifestyle juggernaut and an EBIT margin of 7.5% (capital4.com)

The current enterprise value of Inox is a Cool INR 102 per share and the price of Rs 120 per share is already being deined by both parties true to worries of over valuation plaguing the multiplex deals from Fame to earlier deal for Adlabs itself from whence ADAG created the largest share of footprint for BIG partner company REliance Media Works, BIG TV franchise belongs to Reliance Media World

INOX carries a premium in the industry for its significant traction in customer footproint from better location, great franchisee support in food malls and value pricing models and flexibility adopted by the firm at various end points when producer disputes and recession's impact on footfalls plague the industry during the course of each year

With the acquisition Reliance Media Works can go on to realise its enterprise value of the company (value of its assets thus Equity + Debt + any working capital advances add to the value of the firm for the cash it generates. Reliance Media Works has now been trading at 4% higher since the news broke as it tries to cross the rubicon and generate net positive margins ofrom its current March 2010 value of -5.9%

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1 Posted by amittal007 on INOXLEISUR | Friday, July 30th, 2010
The market is abuzz, and the promoters were holding on to their 70% share or 42 crore equity shares for a Rs 140 price. Inox has a significantly higher enterprise value and the valuation of INR 740 Crores or INR7400 million is much better pricing the company's screen and customer goodwill assets.

Despite a high Gross margin 42% at reliance Media Works, the Enterprise value of the company of 14 times ts Gross Profit compares badly with Inox's likely 23 times its higher gross profit.

After the War with Fame, Reliance Media Works need the arsenal of screens to underline its large footprint to prepare for the retail lifestyle juggernaut and an EBIT margin of 7.5% (capital4.com)

The current enterprise value of Inox is a Cool INR 102 per share and the price of Rs 120 per share is already being deined by both parties true to worries of over valuation plaguing the multiplex deals from Fame to earlier deal for Adlabs itself from whence ADAG created the largest share of footprint for BIG partner company REliance Media Works, BIG TV franchise belongs to Reliance Media World

INOX carries a premium in the industry for its significant traction in customer footproint from better location, great franchisee support in food malls and value pricing models and flexibility adopted by the firm at various end points when producer disputes and recession's impact on footfalls plague the industry during the course of each year

With the acquisition Reliance Media Works can go on to realise its enterprise value of the company (value of its assets thus Equity + Debt + any working capital advances add to the value of the firm for the cash it generates. Reliance Media Works has now been trading at 4% higher since the news broke as it tries to cross the rubicon and generate net positive margins ofrom its current March 2010 value of -5.9%

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4 Posted by amittal007 on PFIZER | Friday, July 16th, 2010
with the new drug(s), the stock can finally achieve better volumes in india. global parent strengths may have better correlation now.

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0 Posted by amittal007 on ANIKINDS | Wednesday, July 14th, 2010
VOLUME SPIKE IN OPEN

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0 Posted by amittal007 on JPINFRATEC | Monday, June 7th, 2010
you can maybe wait till 71 to stock it up, the sector is definitely the investment highlight of this decade

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7 Posted by amittal007 on OMAXE | Monday, June 7th, 2010
mid sized land banks on the delhi-jaipur-mumbai highway make as much sense as bombay central and devanahalli.
On FDI and investment in India: Nearer to the echelons of power, a psychologically displaced group of Indians and disgruntled/muddled global corporations ring fence the corridors of power but continue to form a shabby third / sometimes second tier of investments in the country. Reliance is the epitome of such gross investments in the country, both brothers straddling status, narco-metric and populist grades thru 1-10 in each investment. AT&T, Carrefour, SocGen and maybe some Mauritius originated FDI, also corroborate the existence of such an investment strategy that creates an aura of a Gaelic mud cloud with their Obelix taking shots at the Roman legions. Most of these investments are characterised by a disdain for public policy, a chequered self-image and a destroyed fortune in recent examples. I do intend to carry this discussion forward but i’d like to explore a little more and bat for these managements as they walk the talk…

As Indian appetite grows closer to the Western lifestyle safely equated with urbanness, the new Indianness is rarely equated with these carrion like abilities and the face of emerging top rated investments and superbrands remains the top paying banks and consultants that recruit from premier schools and the first entrants like ITC, P&G and Airtel that manage brand investments from the top, and make characteristic investments in social equity without bland CSR capabilities. That keeps Anil’s Reliance and now sardar’s religare, KM’s Birla and Bajaj a notch down and forever challenging the top players but unable to match Mittal or the much failed and IMF grade supercilious Boston Consulting as examples.

THIS IS AN ADVANTAGE ZYAADA OP-Ed and NO SEPARATELY GRADED MARKETING COLLATERAL IS USED TO SOLICIT CORP FINANCE AND ADVISORY BUSINESS. HOWEVER OUR BRAND AURA MAY BE MORE SUBSTANTIAL IN CIRCLES OF INFLUENCE AND IS AVAILABLE FREEMIUM TO SHARE ON YOUR INTRANET OR for CLIENT INTERACTION.

THE PROVOCATION IS UNINTENTIONAL AND SPICY LIKE AN INDIAN CURRY..I CERTAINLY HOPE IT COUNTS AS VALID SOLICITATION OF BUSINESS AND BRAND PULL AS GOOGLE’s INFLUENCE IN DRAGGING IT DOWN BECOMES SECONDARY AND VESTIGIAL AS SOCIAL BLUEPRINTS GIVE IT A BUSINESS FOCUS AND SERIOUS READERSHIP.

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8 Posted by amittal007 on INFY | Tuesday, May 25th, 2010
pure punting on the falling rupee, only safe hedge in the sector which will enjoy benefits. TCS is dependent on Europe. Wipro is out of the export sector by choice i dont know how Girish and Senapathy will float it. MahSatyam is a dead duck without real annuities to talk about and BT share of business down, none of the biggies are in the product or ERP business.

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1 Posted by amittal007 on SBIN | Monday, May 24th, 2010
SBI in the eye of the tiger

State Bank ofIndia : The red EMU that flew over the seas


Our literatteur in mint residence has outdone himself for a change. Tamal’s work for Bankers’ Trust[a serious column on page 6 of monday's mint] that was mostly a shadow of [yet tbd] in mint has exposed reference data services from bigger financial research providers for what even an academic can provide from an inside track of things at SBI. The behemoth in question suddenly sprung a huge shock this quarter in results, while 20 years of reference data building still had us all wrapped in knots [pun unintended, if you caught mexican chilli here].

With excess cash of $10B and a capital raising of $4B in the year, SBI is unremunerative losing nearly $1.69B in opportunity cost apart from added leverage being lost because of high gross NPAs of $4.2B. The new incumbent in the Chairman’s office is due inMarch, with the two remaining MDs also leaving within the year. Though in PSEs it is well nigh impossible to have a better situation on the ground, upcoming consolidation with associates and high unproductive staff costs that have pushed cost income ratios to an all time high, mean the extreme risk of a down spiral within the bank leading from the latest results being probable [ risk in double digits ]

The augean stables are as they were two decades and a restructuring earlier, the bank like India’s power PSEs forcing government to show its socialist hand and due largesse in regulation to make this species fly again as the other one inEurope gets ready for a big nursing stay at the German hospital.

SCB IPO AT CHEAP VALUATION...

Market Economics : Building the new Financial Era’s footprint


Standard Chartered raises capital in India

The world ahs changed. Not overnight, but after 2008 the flavour is distinct. There is more anger. There is more of a challenge in the wlobal banking diaspora discovering their new benefactors. Like always, many fromthe global banking sector have been displaced in the crisis. They are out of options to raise capital with Citi still struggling to sell over $100bn of its bad bank assets, Goldman Sachs fighting phantoms of discord with super regulators yet to be formed, trying to shout in favor of regulations that bring in new regulators to oversee banks, new regulations that ordain higher amounts of capital for each bank in the US and with Vince Cable, also in Europe.

In the mean time, HSBC is already operating from new Asian headquarters. Standard Chartered is dealing with the new world by showcasing its charms in Asia. While it holds adequate capital against assets of $200bn (December 2009) to the tune of $19B in Core Tier I and an equal amount in Tier II, It is closing the year 2009 in $5B in profits on sales of $15B. Against this backdrop, the bank is rumored to have priced its Indian Depository Receipt issue at only $2.5 and less for a total raising of EUR 500mn or GBP 400MN for new shares of 1.16%. That values the bank closer to only $5B for this issue leaving it well targeted in the island of economic prosperity in India (and China where HSBC is targeting the kill) for a close to o5-10X appreciation after listing in the 2nd week of June.

Emerging Market dominance

It is the latest in a series of firsts that have marked the international economic climate and India that has prolonged the boom years and made the slow pace of financial reforms bearable. As the government’s agents walk towards the torturous goal of managing socialist anti WTO rhetoric and populist sentiment with economic grandeur, Infrastructure finance, retail lifestyle markets and FDI from retail to defence now has a new leg to rely on in these ‘foreign’ banks with more than INR 1Trillion in assets in India. With India as a source of economic capital the banks also have a new hope for the rugged decade ahead with US and Europe lying in tatters seemingly, but surviving nonetheless. Already lending profligacy is speeding up in the retarded US finance sectors itself and as the currencies balance out the new path it will be good to see Stan Chart in India, much like it would be good to see Yuan floating. Did you know dollar trade from Brazil and Russia to the extent of $40bn to China is already denominated in Chinese Yuan?

So which ones are the developing markets now? Do we really need that distinction? The SWFs from China, Singapore, Korea and Abu dhabi are already active investors in global currency. It is time for more to join so India can also launch its capital account convertibility campaign.

And of course, SCB IDRs are a must invest at INR 1000-1200 for the SCB share Each IDR representing 0.10 shares, or GBP1.6 at LSE prices and HKD 19 at Hangseng prices ( or $2.8 / Rs. 130 assuming INR40-44 for the Dollar). SCB is obviously looking at using this new economic weather vane to bolt the stables on the right valuation orbit and India shareholders ( IDR holders) will be willing provided the consistent profit record is maintained.

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4 Posted by amittal007 on JPINFRATEC | Friday, May 21st, 2010
Bad liquidity situation, infrastructure projects caught in a slow bind with resulting escalations borne by govt bodes ill for the sector.

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10 Posted by amittal007 on ICICIBANK | Wednesday, May 19th, 2010
The valuation ratio is 4.72:1 (25 for 118) at 100 Rs BoR share, ICICI Bk = 472 after 20% rise in BoR value,
by merger valuation BOR share now worth 850/4.72 = 180


ICICI Bank and the Bank of Rajasthan | Advantage ‘zyaada’

Or, How the economic valuation at market prices has thrown the markets in disarray

It’s very satisfying, though a little strangely, to note the market reaction to Bank of Rajasthan’s final pricing for purchase by ICICI Bank. First let me get some mint writers and other acknowledgements out of the way. You will soon note that Chanda Kochchar would be asked and will reply in much the same manner on television soon when she makes her whistlestop tour of the CNBC, NDTV and the rest of the dog and pony show.

Frankly, despite a very casual approach to accounting rules and a general laxity in willingness to enforce the law was , much to sadden my other banking colleagues, not the bete noire of the Bank of Rajasthan way of doing business. It was just another thing they did for the ethos and wealth saving strategies they lived by and there are a lot of these reasons why these old pvt sector banks have never been admitted to the ‘main street’ in Indian Finance. I would stop short at romanticising them however and just stop at the fact that their 500 branches bring a high amount of business to ICICI Bank’s book of INR 3.6 Trillion. BoR’s assets of INR 17k crores or $4.25 billion are rich in value with a low NPA of 1% and thus most Financial Analysts have given the valuation of 4.22 BOR shares for 1 ICICI share the green signal.

SEBI maintains that Tayals hold 55% in the bank and that would make them owners of nearly 1.87 crore ICICI Bank shares from new dilution by ICICI Bank, amounting to around 1.75% stake in the bank. ICICI Bank found it economic as always ( i can venture, they have it penned down in the guidelines) to invest in this deal on a 100% stock swap basis.

The rest is rather tiring and much will unfurl on its own in the next few days as the Tayals vie for media attention with Greece in the Indian context. Behold however, that the market, and much rightly, tries to bring down the ICICI Bank valuation to the paper terms of around $11 per share that is the value imputed from the ratio and thus 50% lower than the prices on BSE, NSE and the NYSE.

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0 Posted by amittal007 on GATI | Tuesday, April 13th, 2010
people have been waiting for a boom in surface logistics

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0 Posted by amittal007 on INFY | Friday, March 26th, 2010
till results day this tie, the bad phase..but aa risky call

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0 Posted by amittal007 on BHARTIARTL | Thursday, March 25th, 2010
Great Purchase. $175m and 42 million subscribers. ARPU at $8, MTN ARPU at $13 good target. Bharti's model is not strictly pricing a minutes factory as half read reports suggest but the company would make significant investments in infrastructure and use marketing and branding to maintain a premium in brand cognition while maximising capacity utilization. Access to 45% of Africa's population which is also seeing a surge in development because of its rich OIL deposits would easily lead them to the target of sharing the lad market share with MTN

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0 Posted by amittal007 on CAMSONBIO | Tuesday, March 9th, 2010
Again almost 0-debt, and good enough EBITDA 20%..sector has to find its own way with generics contracts and market opps available

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0 Posted by amittal007 on FIEMIND | Tuesday, March 9th, 2010
6 working units, hosur, mysore, haryana and hp ...good traction expect 300 cr trunover and more with double op cash from 2009

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1 Posted by amittal007 on RCOM | Tuesday, November 3rd, 2009
leaving any indices? going upstream?

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7 Posted by amittal007 on RCOM | Wednesday, September 9th, 2009
50000 Towers, 190000 km of Optical fibre and ahead of every other tower company except Airtel ( Bharti+Vodafone) Already has contracts with Etisalat, S-Tel and Aircel (also has captive 12k tower). Tata will not be able to compete with RCOM's 550m mobile subscribers by end 2009. Lowest ARPUs in the industry probably make falling further impossible :)

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2 Posted by amittal007 on JINDALSWHL | Monday, July 20th, 2009
Holds JSW Infrastructure?

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3 Posted by amittal007 on ICICIBANK | Wednesday, June 24th, 2009
Oh the ignominy of representing a country like India and never being invited to the deal table. the shame of being a candy store next to the.., if a poet had sung a paean for India, ICICI Bank would been key to it fell, it fell, it fell..it was India's stock. I don't think rural distribution and personal lending need to be tacky and criminally minded but someone recruiting here does think so

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3 Posted by amittal007 on LICHSGFIN | Wednesday, June 10th, 2009
Over leveraged and raised equity diluting book value - tenuous existence

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5 Posted by amittal007 on HAVELLS | Thursday, May 7th, 2009
Wow, what a ramp up in the last two days. Credit conditions have eased up, They are most probably looking to raise more Capital and get into more profitable businesses and profit from restructuring of the business lines

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3 Posted by amittal007 on MADHUCON | Tuesday, January 6th, 2009
folllowing the other recommendations on this stock. sector's funding woes are likely to slow work but not halt it completely.

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0 Posted by amittal007 on HDFCBANK | Tuesday, November 18th, 2008
the valuation at 900 seems to be finally in line with the stature and hidden value in the company

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1 Posted by amittal007 on INFY | Friday, October 24th, 2008
the good go down with the bad, though infy will continue to meet its guidance a rare event in 2008.

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0 Posted by amittal007 on GMRINFRA | Friday, October 24th, 2008
One of the best infrastructure plays in India

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0 Posted by amittal007 on ONMOBILE | Friday, October 24th, 2008
Should bottom out pretty steeply for now but will be a good buy at <150 for 10x gains

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1 Posted by amittal007 on TCS | Friday, October 24th, 2008
Bad egg. Mismanaged, mis-structured, ill for the take till the right revival potion comes from Bombay.

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0 Posted by amittal007 on KOTAKBANK | Friday, October 24th, 2008
Should not bottom out before 250

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1 Posted by amittal007 on ICICIBANK | Friday, October 24th, 2008
Should not bottom out before 250. caught in the middle with the indian rupee balance sheet not reflecting the global non-presence. Cannot ramp up in the global financial markets at this stage!

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0 Posted by amittal007 on IDFC | Friday, October 24th, 2008
Doing well oth with its funds and the original charter in infrastructure finance!

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0 Posted by amittal007 on JPASSOCIAT | Friday, October 24th, 2008
should bttom out in the next 2-3 trading sessions

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0 Posted by amittal007 on ONGC | Friday, October 24th, 2008
Resilient, safely traversed the global oil crisis with nary a scratch

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