Morning Note Friday, January 29, 2010 Khambatta Securities Ltd

Market at a Glance
Market Indicators 28-Jan-10 Pts % CHG
The domestic benchmark indices are likely to open on negative note
SENSEX 16,306.9 17.1 0.1 mirroring weak global markets. Asian stocks fell, dragging the MSCI Asia
MIDCAP 6,444.5 15.4 0.2 Pacific Index to its biggest weekly decline since March, after more
SMLCAP 8,134.9 -13.9 -0.2 Americans than estimated filed unemployment-benefit claims. US stocks
BSE-500 6,477.6 26.8 0.4 dropped on Thursday as poor outlooks from Motorola and Qualcomm
NSE 4,867.3 14.2 0.3 dented optimism in the technology sector while worries about Greece's fiscal
health dragged on sentiment. Back home, Thursday, Indian bourses ended
NIFTY JUNIOR 9,905.7 104.0 1.1
marginal in green. For today, we expect the market to trade in negative
World Markets 28-Jan-10 Pts % CHG
terrain.
DJIA 10,120.5 -115.7 -1.1
Nasdaq 2,179.0 -42.4 -1.9
Dealers Take
Nikkei 225 (29 Jan. 10) 10,252.2 -162.1 -1.6 ABAN OFFSHORE, TATA STEEL, SBI, JAI CORP and ICICI BANK showed
FTSE 100 5,145.7 -71.7 -1.4 increase in volume on Thursday (January 28, 2010).
Hang Seng (29 Jan. 10) 20,233.4 -122.9 -0.6
Fund Activity (Rs Cr) Corporate & Industry Snapshot
FII-Cash 28-Jan-10 MTD YTD • Havells India acquired Standard Electricals, a privately-owned firm
Buy 3,319.9 53,143.0 40,206.0 engaged in electrical products for around Rs 120 crore. Also Havells is in
the process of forming a reconstruction reserve worth Rs 280 crore to
Sell 6,133.0 59,363.6 40,206.0
fund the restructuring in Sylvania in terms of manpower and
Net -2,813.1 -6,220.6 53,143.1
infrastructure.
FII-Derivatives 28-Jan-10 MTD YTD • Essar Oilfields Services, a subsidiary of Essar Shipping Ports and
Buy 23,078.2 NA NA Logistics achieved financial closure for its two jack-up rigs order with
Sell 21,010.5 NA NA ABG Shipyard.
Net 2,067.7 NA NA • Srei Infrastructure Finance decided to merge its associate company
DII-Cash 28-Jan-10 MTD YTD Quippo Infrastructure Equipment with itself to integrate its infrastructure
Buy 3,113.1 36,676.1 40,206.0
business under one umbrella. Post merger promoter holding to go up to
46% from current 30%, merger ratio 3 shares of SREI for 2 shares held
Sell 1,133.5 25,465.1 40,206.0
in Quippo.
Net 1,979.6 11,211.0 36,676.1
• TATA Steel formed a 51:49 JV with Japan’s Nippon Steel for production
Currencies 29-Jan-10 Pts % CHG and sales of automotive cold-rolled flat products at Jamshedpur.
US$/Euro 0.7 0.0 0.3 • HCL Technologies received a contract worth around Rs 231 crore from
US$/Rs 46.4 0.1 0.2 UK-based defence equipment maker Meggitt for providing engineering
GBP/US$ 1.6 0.0 -0.4 services.
US$/Yen 89.9 -0.4 -0.4 • HPCL to invest Rs 25,000 crore in setting up a 15 MTPA refinery on the
Commodities 28-Jan-10 Pts % CHG
west coast.
• BHEL signed a JV deal with Madhya Pradesh Power Generation Company
Crude (US$/Bbl) 74.1 -0.7 -0.9
Ltd (MPPGCL) for setting up a 1,600-Mw supercritical thermal power
Gold (US$/Oz) 1,085.0 0.5 0.0
plant in Khandwa district.
Steel (Rs/ MT) 24,270.0 -940.0 -3.7 • Tata Tea consolidated net profit for Q3FY10 fell by 77% to Rs 92.23
Debt Market 28-Jan-10 Pts % CHG crore compared to profit of Rs.396 crore in the corresponding period last
Call Rate 3.3 0.0 -1.5 year. The company incurred loss due to increased expenditure and
10- yr G-Secs 7.6 0.0 -0.1 heavy deferred tax burden. However, consolidated net sales grew by
PE Multiple 28-Jan-10 Year High Year Low
20.55% (y-o-y) to Rs 1,540.06 crore.
Sensex 20.3 22.7 12.4
• DLF to raise Rs 1,250 crore by exiting projects, selling land plots and a
refund from the Haryana Government.
Nifty 21.1 23.6 12.7
• Bharati Shipyard acquired a 1.63% stake in Great Offshore by buying
shares in the open market at an average share cost of Rs 475.5, taking
its shareholding in the oil and gas drilling services firm to 45.89%.
• Rasoi Ltd open offer at Rs 315/share. (CMP Rs.291)
• Aptech Ltd acquired Maya Academy of Advanced Cinematics (MAAC) for
Rs 76 crore. MAAC is into animation and multimedia education space.

Economic & Global Cues

• US President to end tax breaks to American firms that ship out jobs
abroad. The US accounts for 50-60% of Indian IT firms’ revenues from
outsourcing.
• As per RBI, the country's GDP growth for 2009-10 is expected to be
6.9%, even as the possibility of food price inflation spilling over to cause
Research Provided by Sixth Sense Analytics Pvt Ltd a generalized inflation remains a major concern.

Stocks to watch out for:

TATA TEA (-ve)
 Morning Note Khambatta Securities Ltd
Movers and shakers (as on 28/01/2010)
Large caps  Mid caps  Small cap 
Top 5 Gainers Top 5 Gainers Top 5 Gainers
Company name CMP % CHG    Company name CMP % CHG Company name CMP % CHG
Oriental Bank 251.8 9.7 Unisys Soft 16.1 20.0 Gothi Plascon 5.0 4.9
Crompton Greav 426.5 7.5 Austin Engr 90.1 19.8 ……………. ……………. …………….
Max India 204.8 7.0 MOLDTK PLA 48.7 19.7 ……………. ……………. …………….
BOB 556.3 6.5 UTISUNDERETF 630.0 18.9 ……………. ……………. …………….
Torrent Power 292.2 6.2 Action Fin 21.8 17.6 ……………. ……………. …………….
Top 5 Loosers Top 5 Loosers Top 5 Loosers
Aban Offshore 1130.0 -8.4 Midpoint Soft 25.7 -20.0 Orind Exports 1.6 -5.0
National Alum 382.0 -6.1 Lords Chemicals 22.6 -20.0 MH Mills 5.0 -5.0
Everest Kanto 126.8 -6.0 Pasupati Fin 19.1 -17.6 ……………. ……………. …………….
IOB 94.8 -5.8 Shree Rajeshw Pap 7.0 -16.6 ……………. ……………. …………….
Praj Inds 85.7 -5.6 ICICI Prud MF 167.0 -16.1 ……………. ……………. …………….
Top Volumes Top Volumes
Company name Volume(In Mn.) CMP Company name Volume(In Mn.) CMP Company name Volume(In Mn.) CMP
Aban Offshore 2.4 1,130.0 STC 1.7 489.0 Gothi Plascon 0.0 5.0
Tata Steel 3.5 585.6 Bajaj Hind 3.8 212.2 MH Mills 0.0 5.0
SBI 0.7 2,003.5 National Fert 4.7 114.6 Orind Exports 0.0 1.6
Jai Corp 4.3 296.1 THINKSOFT 1.1 461.3 ……………. ……………. …………….
ICICI Bank 1.6 788.7 Satyam Comp 4.1 100.5 ……………. ……………. …………….
Volume in Mn. Share

Result Today
Siemens, Tata Motors, Sun Pharma, NTPC, Glenmark Pharma, IOC, Lupin, MTNL, NHPC, Orchid Chem, PTC India, Rel Infra,
RPOWER, Titan, Tata Comm, ABG Shipyard, Balramchini, Deccan Chronicle, Harrisons Mal, Kalpataru Power, Karur Vysya Bk, , Kolte
Patil, Karnataka Bk, Moser baer, Sasken Comm, Sobha Dev, STC, RNRL, Tata chem, Purvanakra, RCF, Divis Lab, DS kulkarni,
Educomp, Apollo tyres, Pipavav Ship,Aditya Birla Nuvo, Alok Ind, Amtek Auto, Amtek India, Anant Raj Ind, Archies, Arvind,
Ashapura Minechem, Assam Co, Astra Micro, BILT, BEML, Berger Paints, bilcare, Bombay rayon, Chennai Petro, Cinemax, Core
projects, DCW, Dharani Sugars, Eastern Silk, Easun Reyrolle, Esse Propack, Euro Multivision, Fin tech, Gateway Distri, GHCL, EID
Parry, GE Ship, Cotton Greaves, Gulf oil corp, HBL Power, HEG, Hitachi, ICSA, JaiBalalji, Info Edge, Karutri Global (also for fund
raising), KNR Const, KS oils, Lok housing, LT foods, Man Aluminium, Marg, Max India, Mc Nally Bharat, Meghmani Org, MMTC, Nat
fert, Nesco, NEPC Ind, Nitco, Omaxe, Panacea Biotech, Plethico Pharma, P&G, PSL, PVR, Raj oil, Rane Hldg, Rico Auto, Rel
MediaWorld, Ruchi infra, Sejal Arch, Shopper Stop, Simplex Infra, Sterling Hot & Resorts,Sundaram Fast, Surana Tele, Taj GVK,
tantia Const, thinksoft, Vakhrangee Soft , valecha, Varun Ship, Vishal Ret, Vivimeds labs, Voltamp Trans, Alkali Metals, GHCL, GNFC,
onmobile global, uflex,

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