The Hindu Business Line : With profits of the mind, study and fast

Sridevi tried to draw on a world map possible pipelines leading to India, Dakshinamoorthy spent time making a clay model of a town 5 feet below sea level, and Jogin went to the local zoo to check if the bear was firmly inside its cage!

Khan alerted them all about the chat, and there they go… Hop in!

Kay: Chart patterns suggest that the momentum appears to be waning.

Sri : But there are no signs of trend reversal. :-)

Jog: Overall mood in the market is still upbeat.

Dax: Expect market to open firm today!

Kay: Sensex may touch 8250 levels and then on could see some fall.

Sri : Among the stock specific, Tata Steel could move up this week.

Kay: After the company announced its mega investment plans last week.

Dax: Aditya Birla group companies - Indo Gulf, India Rayon and Birla Global Finance - too should have mixed view based on merger ratio.

Jog: Better buy these three if there is dip in their stock prices.

Dax: True, one can expect gains! But synergies are difficult to spot…

Kay: The merged entity will be the investment powerhouse of the group!

Sri : Could this merger be a precursor to consolidation involving Grasim and UltraTech Cement? I see enhanced market interest!

Dax: Last Monday, Shiva Cement gained almost 10 per cent, and Sona Koyo made about half as much, with Softpro Sys and Bajaj Hind close behind at 4 plus levels.

Kay: In the three per cent profit range were Welspun and Hindalco.

Sri : At 2 plus were India Cem, Nat Alum and Canara Bank. Indo Gulf, Sterlite, State Bank, Mawana Sugar, Munjal Showa and Ranbaxy Lab managed more than one per cent gain on Sep 5.

Jog: UTI Bank, Triveni Glass, ACC, NTPC, and Dhampur Sugar ended +.

Kay: Coming to now, think of Voltas for a long-term perspective.

Dax: Some broking firms have come out with buy report on the stock.

Sri : Heard, much of its business is doing well!

Jog: SIEL has sold its Delhi property for Rs 267 crore to DLF!

Kay: May we say that action in the stock is over?

Sri : If you're holding the stock and have made good profits, exit!

Dax: And buy Mawana Sugar, which holds 44 per cent in SIEL.

Jog: Mawana stock has not moved so much as seen in the case of SIEL.

Sri : Investors should prune some mid-cap and small-cap stocks from their portfolio and wait for some good investment opportunities.

Kay: Street talk indicates action in Sonata Software, Snowcem, Futura Polyester, and Godrej.

Jog: ITC stock may post gains as it approaches ex-bonus and ex-stock-split trading. Can steel scrips head high again?

Sri : Turnaround seen in steel prices from Q4 and this could benefit SAIL, Tata Steel, Jindal and Steelco Gujarat. What about zinc pressure?

Jog: Zinc prices are likely to be under a longer bear hug.

Sri : Time to book profits in zinc companies' shares, I'd suggest.

Kay: Andhra Cement, anybody?

Dax: There seem to be plans to offer critical stake to outsiders.

Jog: Suna tha ki a big group is considering a stake in this company.

Sri : The stock is up quite a bit. Just crossed the Rs 40 threshold.

Dax: Ontrack System is only-BSE-listed but quietly moving up.

Jog: Price beyond Rs 60. From what it was till some time back.

Kay: Acquisitions abroad are on the cards, people are hinting.

Sri : McLeod Russel is notching a new high every session!

Dax: McL Russel was recently de-linked from Eveready.

Jog: At this speed, will it touch Rs 100 in a matter of weeks?

Sri : Last week, we were talking about bullishness in SBI and other banking stocks such as Canara Bank, Federal Bank and UTI Bank.

Dax: SBI rallied over 5 per cent last week and Canara Bank jumped over 4 per cent, UTI Bank was also up over 3 per cent. But, Federal didn't show any big movement. Man Industries rose 8+ per cent last week.

Jog: What's it about Ranbaxy Lab seeking shareholders' nod?

Dax: For raising $1.5 billion thru' FCCB/GDR/ADR issue.

Kay: Should help the stock when it becomes a reality.

Sri : In small-cap, Uniphos Enterprise may do well at the bourses. JMO.

Kay: HCL Infosystems, after a slide, is slowly gaining its ground.

Dax: Hinduja TMT's recent announcement of setting up of additional 350 seats at its call centre in Mauritius should make the counter active.

Jog: "With profits of the mind, study and fast," from Measure for Measure.

Lee, with inputs from Vir, Nat, Sub, Ace, Mad, Nil, The and Sve.

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

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