Saturday, January 22, 2011

The Sensex and Nifty ended with the moderate gains this week.the Sensex was up 0.7% and Nifty also up with 0.7%.
Stocks to watch Tomorrow,
Punj Lloyd Ltd,
CMP:99.70,
Action:Buy,
Target:110.
Shree Renuka sugars Ltd,
CMP:85.80
Target:Buy,Hold.
Greaves Cotton Ltd,
Cmp:91.40
Target:100.
Chambal Fertilizers & Chemicals Ltd,
Cmp:76.90
Action:Sell.

ExpertsView On Market!!!

 Sathish Ramanathan,Head Equities,Sundaram Paribas says,Definitely the midcap IT space does look interesting. If you look at many of these companies have 25% to 30% of cash as a percentage of market cap. They are trading at sub-10 PE, they have high return on equities of 20% plus and they look interesting. Some of the midcap pharma names look interesting considering that they have secular growth stories, again have return on equities of 20% with PEs less than 10. So these 2 segments clearly stand out in terms of valuations vis-à-vis cash flows. These 2 segments are what excite us a little.Source:ET NOW

Shasun Chemicals and Drugs Ltd

Smallcap firm Shasun Chemicals and Drugs gained Rs 3.45 or 5.20% to end at Rs 69.75 on the BSE. It touched an intraday high of Rs 72.20 and an intraday low of Rs 67. There were pending buy orders of 1,993 shares, with no sellers available. The total traded volumes were of 342,183 shares.After keeping it in the pipeline for a very long time the US Food and Drug Administration (FDA) has given fast track approval for Telaprevir—a drug expected to be used for Hepatitis C. Source: CNBC-TV18.