The Hindu Business Line : No nightmare about software

It is cheaper to be online than on road, and better SMS endlessly than burn fuel to go visit, thought Dax before connecting to Khan, Dakshinamoorthy and Sridevi for the weekly market chat. Don't idle!

Dax: Think oil! Bongaigaon Refinery stock can get hotter

with dividend.

Kay: Prag Bosimi is a penny stock around Rs 5. But watch!

Sri: A leading petrochemical co is likely to

takeover Prag. :-)

Jog: Do you think the pitch was doctored? There were too

many penalty shots!

Kay: That reminds me of Ranbaxy. Negative sentiment

likely in early trading.

Dax: Because its out-licensing deal with Schwarz Pharma

AG is at risk?

Sri: Plus, the latter has decided to stop Phase II trials of a

Ranbaxy molecule. Dava for Jog!

LOL

Kay: United Phosphorus UP with

overseas acquisition. Extended

bullish phase. Finolex, anyone?

Dax: Strong and unbreakable for

the short term, at Rs 63. May rise

to Rs 74. Buy. JMO

Jog: I had a nightmare about

software! That it got into sales

tax net!

Sri: Real, not dream, you joker!

SC verdict may create a minor blip in IT sector stocks.

Kay: Such as i-flex and Infosys. It may not dent valuation

levels, so Jog can continue to snooze.

Dax: A planned ADS program may rev up Infosys.

Kay: True, its first ADS offering was completed at a

substantial premium to the market price.

Sri: Heard Atul is going to write-off `something' to boost

its position. Accumulation is on!

Dax: FIIs continue to trade heavily. But net inflows are at

marginal levels. So...

Sri: There is a question mark over the liquidity that has

driven the rally last week, right?

Kay: Right! Chart patterns point to a continuation of the

bullish undertone. Nifty 1880, I see!

Jog: With a downside support around 1840 level. Year of

world's first postage stamp!

Kay: Modern Steel is locked in 2 per cent upper circuit for

more than one month. Anybody?

Sri: Financial performance expected to be good. Buy now!

Wow!

Dax: Irrational exuberance. I'm not enthu about Jindal's

talking of Rs 12,000 crore investment.

Kay: More than Rs 6,000 crore borrowing. But don't

ignore SAIL and IISCO revamp.

Sri: Hey, let me read a tip: Expectation of dry cargo rates

remaining stable at the present high levels over the next

year is likely to be a positive for GE Shipping and

Shipping Corp.

Dax: My guess is that action would remain in mid-cap

stocks only. :-|

Jog: Rei Agro stock fully cornered by Reliance Energy

Investment and others, they say. Potential, re!

Kay: Fell from Rs 120 to Rs 64 and started moving up.

Current price is Rs 90.

Sri: Nesco has huge real estate in Goregaon, Mumbai,

worth Rs 700 crore. Many times market cap!

Jog: Let me caution everybody: Crackers are as risky as

chatters! Boom!

* * * * *

Lee, with inputs from Vir, Nat, Ray, Mad and Sve.

Send in your views to: Chat@TheHindu.co.in.