Financial Daily from THE HINDU group of publications Monday, May 08, 2006 |
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Markets
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Stock Markets Columns - Chat
Khan was reading Buffett's gospel. Jogin kept crunching numbers on why technology stocks rose as Dow Jones peaked. Dakshinamoorthy was trying out one more psephology model to predict election results. But Sridevi drew them all in for the weekly market chat. Join, fast! * * *
Sri: Hi, all! Chart patterns suggest further upside in Nifty. Kay: Pivotal stocks show strong pattern on the charts. Dax: Metal stocks in the limelight. BHP Billiton has said... Jog: Prices unlikely to move to normal levels! Kay: Hind Zinc and Sterlite may be in the forefront. Sri: Impressive earnings to rev JK Cem, Sesa and GMDC... Dax: Firm undertone ahead of global price negotiations. Kay: Chinese interests to pop up 2-wheeler player LML. Sri: Possible higher weight for Indian stocks in MSCI? Dax: "What counsel give you in this weighty cause?" Sri: As in King Henry VI. +ve over longer term. Kay: Revamp may add Bharti Tele, Suzlon, NTPC... Dax: And Rel Comm. Watch Rel Petr. Debut this week? Sri: Considerable premium on listing? Carbon credit? Kay: Crashing in Europe. Taken its toll on Guj Fluorochem. Jog: Sugar cos switched to alternative sources of power! Sri: On May 2, SKM Egg Prod was up more than 14%. Hind Zinc earned 11% and Dalmia Cem made a profit of 9% that day. Tata Elxsi (8%), Gitanjali Ge (6%), TVS Motor and Visa Steel (5%), and Dabur Pharma and Rel Cap (4.5%) were other significant gainers last Tuesday. Dax: Bilt is advancing on the bourses, albeit slowly. Kay: Scaled past Rs 140. Long in the Rs 132-135 range. Sri: What's pushing the counter? No apparent triggers? Dax: IGL. Not much happening. Bigger volumes visible! Kay: Around Rs 140 or so for the gas marketing company. Jog: Trying to shape up. Started eyeing bigger turnover. Dax: Infr co Srei seeking equity investments from abroad? Kay: Stock moving up. Past Rs 70, from Rs 55-60 range. Sri: Anything related to the realty sector is hot, these days. Jog: Stocks of cos that are into PVC pipes maker, textiles, exports etc have gone up, just because these companies have plots of unused land. Dax: Re-rating on the stocks based on real-estate valuation! Sri: "Methinks the wind hath spoke aloud at land." Jog: As in Othello! Boosting demand for their stocks! Kay: How far will this last? Sri: RBI is sitting on applications worth $10 billion... Dax: From overseas real-estate funds to invest in India. Jog: Real-estate prices are not expected to come down? Kay: Will experts re-rate stocks such as Infosys? Dax: The tech major has over 800 acres of land! Sri: Kuch prior news tha? Apollo Sindh zoomed 11 days... Jog: Prior to bonus news! Piramyd Retail? Dax: Ek maine se consolidation chal raha hai. Jog: Break out expected? Cement took a beating last week. Kay: After several weeks of good run. Will it bounce back? Dax: NDTV is entering FM radio business? Target 330. Sri: Bsel Infra (target 95) and Dishman (target 240). Jog: Can I buy stocks, post ex-bonus or stock-split? Dax: For the long haul? Cipla, Sterlite for example? Kay: Remember to buy, on every dip... Jog: Fundamentally strong companies? Sri: Like the weather, the market story is getting hotter... Kay: By the day. "Youth is hot and bold... " Jog: "Age is weak and cold," sings the Bard. Bye! * * *
Lee with inputs from Nat, Sve, Ala, The, Nil, Raj, Sur and Bij. Blog at http://MarketChat.blogspot.com
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