Sensex snaps 3-day winning streak: 16 stocks traders eyed

Sensex snaps 3-day winning streak: 16 stocks traders eyed
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Sensex snaps 3-day winning streak: 16 stocks traders eyed
  • 
	SENSEX LOSES 111 PTS AFTER RISING 538 PTS IN PREVIOUS 3 SESSIONS

	
	**Traders and investors may have preferred to profit booking due to long weekend
	**US Federal Reserve meeting for March indicated that hopes for US quantitative easing three had waned, which dampened the sentiment globally
	**Indian rupee depreciated by 38 paise to 51.10 a dollar
	**HSBC Markit's composite PMI dropped at 53.6 in March 2012 as against 57.8 in previous month and services PMI fell to 52.3 versus 56.5 during same period
	 

	Let see stocks that were in news today...

    SENSEX LOSES 111 PTS AFTER RISING 538 PTS IN PREVIOUS 3 SESSIONS **Traders and investors may have preferred to profit booking due to long weekend **US Federal Reserve meeting for March indicated that hopes for US quantitative easing three had waned, which dampened the sentiment globally **Indian rupee depreciated by 38 paise to 51.10 a dollar **HSBC Markit's composite PMI dropped at 53.6 in March 2012 as against 57.8 in previous month and services PMI fell to 52.3 versus 56.5 during same period   Let see stocks that were in news today...

  • 
	ESSAR OIL

	
	Lost: 5% to Rs 56.75
	Reason: Supreme Court dismissed Essar Oil's petition in sales tax case
	Essar Oil says, it already made an exceptional adjustment of Rs 4,015 crore in Q3 and is in talks with Gujarat govt for finalising repayment terms
	**Essar Oil will stop fuel oil exports as early as May 2012

    ESSAR OIL Lost: 5% to Rs 56.75 Reason: Supreme Court dismissed Essar Oil's petition in sales tax case Essar Oil says, it already made an exceptional adjustment of Rs 4,015 crore in Q3 and is in talks with Gujarat govt for finalising repayment terms **Essar Oil will stop fuel oil exports as early as May 2012

  • 
	KINGFISHER AIRLINES

	
	Gained: 11.11% to Rs 18.50 (it rallied 10% yesterday)
	Reason: Owner Vijay Mallya yesterday said at least the junior staff salaries would be paid on Wednesday
	**CBEC chairman said Kingfisher asked to pay dues of Rs 60 Cr in service tax at the earliest
	**KFA had paid Rs 20 Cr as service tax in March

    KINGFISHER AIRLINES Gained: 11.11% to Rs 18.50 (it rallied 10% yesterday) Reason: Owner Vijay Mallya yesterday said at least the junior staff salaries would be paid on Wednesday **CBEC chairman said Kingfisher asked to pay dues of Rs 60 Cr in service tax at the earliest **KFA had paid Rs 20 Cr as service tax in March

  • 
	BHEL

	
	Gained: 3.54% to Rs 273.55
	Reason: The company yesterday decided to withdraw FPO papers filed with SEBI

    BHEL Gained: 3.54% to Rs 273.55 Reason: The company yesterday decided to withdraw FPO papers filed with SEBI

  • 
	MARUTI SUZUKI

	
	Gained: 0.75% to Rs 1318.35
	Reason: Morgan Stanley upgraded the stock to an overweight with a target of Rs 1599. They expect demand to slowly recover in FY13 and raise FY13 estimated earnings by 23%, primarily on stronger volumes, operating leverage benefit thereon, and favorable currency
	**Management said they see the overall auto industry growth around 7-10% for FY13

    MARUTI SUZUKI Gained: 0.75% to Rs 1318.35 Reason: Morgan Stanley upgraded the stock to an overweight with a target of Rs 1599. They expect demand to slowly recover in FY13 and raise FY13 estimated earnings by 23%, primarily on stronger volumes, operating leverage benefit thereon, and favorable currency **Management said they see the overall auto industry growth around 7-10% for FY13

  • 
	IVRCL

	
	Gained: 2.67% to Rs 71.20
	Reason: Essel group acquired 55 lakh shares on April 2nd and 3rd. Essel group shareholding increased from 10.19% to 12.27% post acquisition, which is higher than promoters holding of 11.18%

    IVRCL Gained: 2.67% to Rs 71.20 Reason: Essel group acquired 55 lakh shares on April 2nd and 3rd. Essel group shareholding increased from 10.19% to 12.27% post acquisition, which is higher than promoters holding of 11.18%

  • 
	KOTAK MAHINDRA BANK

	
	Fall: 1.18% to Rs 550.40
	Reason: CNBC-TV18 reported quoting sources that the RBI has asked promoters to bring down their stake to 10% by 2016. Promoters currently hold 45% in the bank. However, CNBC-TV18 learns that promoters have said they will bring down stake to 15%

    KOTAK MAHINDRA BANK Fall: 1.18% to Rs 550.40 Reason: CNBC-TV18 reported quoting sources that the RBI has asked promoters to bring down their stake to 10% by 2016. Promoters currently hold 45% in the bank. However, CNBC-TV18 learns that promoters have said they will bring down stake to 15%

  • 
	COAL INDIA

	
	Lost: 0.34% to Rs 341.60, which tanked over 2% initially
	Reason: The presidential directive invoked on the company to sign fuel supply agreements with power companies. The trigger level remained at 80%, however Coal India will decide the penalty
	**But Nomura recommended buying the stock with a target of Rs 398 as the overhang on Coal India is now lifted

    COAL INDIA Lost: 0.34% to Rs 341.60, which tanked over 2% initially Reason: The presidential directive invoked on the company to sign fuel supply agreements with power companies. The trigger level remained at 80%, however Coal India will decide the penalty **But Nomura recommended buying the stock with a target of Rs 398 as the overhang on Coal India is now lifted

  • 
	THOMAS COOK

	
	Gained: 1.51% to Rs 63.75
	Reason: The Hindu Business Line reported that Tata Capital, the financial arm of the Tata Group, is the latest contender in the race for a buyout of Thomas Cook India, sources indicated 

    THOMAS COOK Gained: 1.51% to Rs 63.75 Reason: The Hindu Business Line reported that Tata Capital, the financial arm of the Tata Group, is the latest contender in the race for a buyout of Thomas Cook India, sources indicated 

  • 
	UNITY INFRAPROJECTS

	
	Gained: 3% to Rs 51.80
	Reason: The company bagged 2 projects worth Rs 840 Cr

    UNITY INFRAPROJECTS Gained: 3% to Rs 51.80 Reason: The company bagged 2 projects worth Rs 840 Cr

  • 
	TYRE STOCKS ON BUYERS' RADAR

	
	Gained: Apollo Tyres up 3.85%; Ceat up 11%; Elgi Rubber up 3.8%; JK Tyre up 5%; MRF up 3%
	Reason: Rubber dropped for the second consecutive session today post the Federal Reserve ruined the expectations of QE3, which pushed the dollar higher and weakened the demand for commodities 

    TYRE STOCKS ON BUYERS' RADAR Gained: Apollo Tyres up 3.85%; Ceat up 11%; Elgi Rubber up 3.8%; JK Tyre up 5%; MRF up 3% Reason: Rubber dropped for the second consecutive session today post the Federal Reserve ruined the expectations of QE3, which pushed the dollar higher and weakened the demand for commodities 

  • 
	EDUCOMP SOLUTIONS

	
	Gained: 0.86% to Rs 204.55
	Reason: Educomp bags Rs 209 Cr ICT@schools project from Government of Assam

    EDUCOMP SOLUTIONS Gained: 0.86% to Rs 204.55 Reason: Educomp bags Rs 209 Cr ICT@schools project from Government of Assam

  • 
	SPICEJET

	
	Gained: 3.5% to Rs 26.75 (rallied 7% yesterday)
	Reason: SpiceJet says:
	**They haven't finalised using RIL Infrastructure for ATF import
	**RIL remains an option for ATF tie-up
	**They are waiting for DGFT approval for import of ATF 

    SPICEJET Gained: 3.5% to Rs 26.75 (rallied 7% yesterday) Reason: SpiceJet says: **They haven't finalised using RIL Infrastructure for ATF import **RIL remains an option for ATF tie-up **They are waiting for DGFT approval for import of ATF 

  • 
	SENSEX LOSES 111 PTS AFTER RISING 538 PTS IN PREVIOUS 3 SESSIONS

	
	**Traders and investors may have preferred to profit booking due to long weekend
	**US Federal Reserve meeting for March indicated that hopes for US quantitative easing three had waned, which dampened the sentiment globally
	**Indian rupee depreciated by 38 paise to 51.10 a dollar
	**HSBC Markit's composite PMI dropped at 53.6 in March 2012 as against 57.8 in previous month and services PMI fell to 52.3 versus 56.5 during same period
	 

	Let see stocks that were in news today...
  • 
	ESSAR OIL

	
	Lost: 5% to Rs 56.75
	Reason: Supreme Court dismissed Essar Oil's petition in sales tax case
	Essar Oil says, it already made an exceptional adjustment of Rs 4,015 crore in Q3 and is in talks with Gujarat govt for finalising repayment terms
	**Essar Oil will stop fuel oil exports as early as May 2012
  • 
	KINGFISHER AIRLINES

	
	Gained: 11.11% to Rs 18.50 (it rallied 10% yesterday)
	Reason: Owner Vijay Mallya yesterday said at least the junior staff salaries would be paid on Wednesday
	**CBEC chairman said Kingfisher asked to pay dues of Rs 60 Cr in service tax at the earliest
	**KFA had paid Rs 20 Cr as service tax in March
  • 
	BHEL

	
	Gained: 3.54% to Rs 273.55
	Reason: The company yesterday decided to withdraw FPO papers filed with SEBI
  • 
	MARUTI SUZUKI

	
	Gained: 0.75% to Rs 1318.35
	Reason: Morgan Stanley upgraded the stock to an overweight with a target of Rs 1599. They expect demand to slowly recover in FY13 and raise FY13 estimated earnings by 23%, primarily on stronger volumes, operating leverage benefit thereon, and favorable currency
	**Management said they see the overall auto industry growth around 7-10% for FY13
  • 
	IVRCL

	
	Gained: 2.67% to Rs 71.20
	Reason: Essel group acquired 55 lakh shares on April 2nd and 3rd. Essel group shareholding increased from 10.19% to 12.27% post acquisition, which is higher than promoters holding of 11.18%
  • 
	KOTAK MAHINDRA BANK

	
	Fall: 1.18% to Rs 550.40
	Reason: CNBC-TV18 reported quoting sources that the RBI has asked promoters to bring down their stake to 10% by 2016. Promoters currently hold 45% in the bank. However, CNBC-TV18 learns that promoters have said they will bring down stake to 15%
  • 
	COAL INDIA

	
	Lost: 0.34% to Rs 341.60, which tanked over 2% initially
	Reason: The presidential directive invoked on the company to sign fuel supply agreements with power companies. The trigger level remained at 80%, however Coal India will decide the penalty
	**But Nomura recommended buying the stock with a target of Rs 398 as the overhang on Coal India is now lifted
  • 
	THOMAS COOK

	
	Gained: 1.51% to Rs 63.75
	Reason: The Hindu Business Line reported that Tata Capital, the financial arm of the Tata Group, is the latest contender in the race for a buyout of Thomas Cook India, sources indicated 
  • 
	UNITY INFRAPROJECTS

	
	Gained: 3% to Rs 51.80
	Reason: The company bagged 2 projects worth Rs 840 Cr
  • 
	TYRE STOCKS ON BUYERS' RADAR

	
	Gained: Apollo Tyres up 3.85%; Ceat up 11%; Elgi Rubber up 3.8%; JK Tyre up 5%; MRF up 3%
	Reason: Rubber dropped for the second consecutive session today post the Federal Reserve ruined the expectations of QE3, which pushed the dollar higher and weakened the demand for commodities 
  • 
	EDUCOMP SOLUTIONS

	
	Gained: 0.86% to Rs 204.55
	Reason: Educomp bags Rs 209 Cr ICT@schools project from Government of Assam
  • 
	SPICEJET

	
	Gained: 3.5% to Rs 26.75 (rallied 7% yesterday)
	Reason: SpiceJet says:
	**They haven't finalised using RIL Infrastructure for ATF import
	**RIL remains an option for ATF tie-up
	**They are waiting for DGFT approval for import of ATF 

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