BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150

WE RECOMMEND TO BUY NIFTY FUTURES B/W 5190-5220 WITH A STOPLOSS OF 5150 FOR A TARGET OF 5268, 5293 AND 5328.

12TH BINGO! TTK PRESTIGE FUTURES REACHED OUR TWELFTH TARGET OF 3183

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR TWELFTH TARGET OF 3183 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

11TH BINGO! TTK PRESTIGE FUTURES REACHED OUR ELEVENTH TARGET OF 3148

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR ELEVENTH TARGET OF 3148 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

10TH BINGO! TTK PRESTIGE FUTURES REACHED OUR TENTH TARGET OF 3123

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073, 3098, 3123, 3148 AND 3183. OUR TENTH TARGET OF 3123 ACHIEVED TODAY ITSELF. BINGO AGAIN!  

9TH BINGO! TTK PRESTIGE FUTURES REACHED OUR NINETH TARGET OF 3098

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR NINETH TARGET OF 3098 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 3123, 3148 AND 3173.

8TH BINGO! TTK PRESTIGE FUTURES REACHED OUR EIGHTH TARGET OF 3073

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR EIGHTH TARGET OF 3073 ACHIEVED TODAY ITSELF. BINGO AGAIN!

7TH BINGO! TTK PRESTIGE FUTURES REACHED OUR SEVENTH TARGET OF 3048

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998, 3023, 3048, 3073 AND 3098. OUR SEVENTH TARGET OF 3048 ACHIEVED TODAY ITSELF. BINGO AGAIN!

6TH BINGO! TTK PRESTIGE REACHED OUR SIXTH TARGET OF 3023

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR SIXTH TARGET OF 3023 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 3048, 3073 AND 3098.

5TH BINGO! TTK PRESTIGE FUTURES REACHED OUR FIFTH TARGET OF 2998

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR FIFTH TARGET OF 2998 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

4TH BINGO! TTK PRESTIGE FUTURES REACHED OUR FOURTH TARGET OF 2973

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2918, 2933, 2948, 2973, 2998 AND 3023. OUR FOURTH TARGET OF 2973 ACHIEVED TODAY ITSELF. BINGO AGAIN! 

3RD BINGO! TTK PRESTIGE FUTURES REACHED OUR THIRD TARGET OF 2948

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR THIRD TARGET OF 2948 ACHIEVED TODAY ITSELF. BINGO! NOW NEXT TARGETS R 2973, 2998 AND 3023.

2ND BINGO! TTK PRSTIGE FUTURES REACHED OUR SECOND TARGET OF 2933

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR SECOND TARGET OF 2933 ACHIEVED TODAY ITSELF. BINGO!

1ST BINGO! TTK PRESTIGE FUTURES REACHED OUR FIRST TARGET OF 2913

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948. OUR FIRST TARGET OF 2913 ACHIEVED TODAY ITSELF. BINGO!

BUY TTK PRESTIGE FUTURES ABOVE 2875 WITH A STOPLOSS OF 2850

WE RECOMMEND TO BUY TTK PRESTIGE AT CMP OF 2861 WITH A STOPLOSS OF 2838 FOR A TARGET OF 2913, 2933 AND 2948.

NBCC FIXES IPO PRICE BAND AT Rs. 90-106 A SHARE

Urban Development Minister Kamal Nath said the government has fixed the price band at Rs 90-106 a share for the initial public offer (IPO) of National Buildings Construction Corporation (NBCC). 

Government hopes to raise Rs 120 crore via offer of 1.2 crore equity shares, by diluting 10% stake. Retail investors and employees will get shares at a 5% discount to final price of the issue.

State-run construction company's issue will open for subscription during March 22 and March 27, Kamal Nath says. He said equity shares offerd via IPO would be listing in the next month (April).

This would be the last issue by government, which is a part of divestment programme of Rs 40,000 crore, for FY12. The government has raised more than Rs 14,000 crore so far via stake dilution in two public issues -  Power Finance Corporation and ONGC. This time also the government failed to achieve its target. Now, it has reduced its target to Rs 30,000 crore for FY13 and Rs 25,000 crore for FY14.

The company is engaged in the business of project management consultancy services for civil construction projects; civil infrastructure for power sector; and real estate development.

It is an offer for sale by the government, which comprises a net offer to the public of 1.188 crore shares and a reservation of 1.2 lakh equity shares for subscription by eligible employees.

Bids can be made for a minimum of 60 equity shares and in multiples of 60 equity shares thereafter. Retail investors can bid for minimum of 2220 equity shares at lower end of price band and 1860 shares at higher end.

Credit Analysis & Research Limited assigned a grade 4/5 to the IPO, indicating above average fundamentals.

Equity shares issued through this issue are proposed to be listed on the BSE and National Stock Exchange.

IDBI Capital Market Services Limited and Enam Securities Private Limited are the book running lead managers to the issue.

INDIA UNION BUDGET 2012: HIGHLIGHTS

New Delhi: Today's Budget is one of the biggest challenges of Pranab Mukherjee's long political career and the Finance Minister set the tone for it when he described the year gone by as a "year of recovery interrupted." He began with listing grim ground realities - the global economic scenario, the battle with double digit inflation and said it was time for tough decisions. Here are the highlights of this fiscal's financial budget.

• Service tax raised from 10 percent to 12 percent

• Income tax exemption limit raised to Rs.2 lakh to provide relief of relief of Rs.2,000 for assessees in this catergory; 20 percent tax on income over Rs.10 lakh, up from Rs.8 lakh.

• Deduction of up to Rs.10,000 from interest from savings bank accounts.

• No change in corporate taxes but measures to enable them better access funds

• Witholding tax on external commercial borrowings reduced from 20 percent to five percent for power, airlines, roads, bridges, affordable houses and fertiliser sectors.

• Defence to get Rs.1.93 lakh crore during 2012-13.

• National Skill Development Fund allocated Rs.1,000 crore.

• Four thousand residential quarters to be constructed for paramilitary forces with an allocation of Rs.1,185 crore.

• National Population Register to be completed in two years.

• Number of proactive steps taken on black money (stashed away abroad); information has started flowing in, prosecution to be initiated; White Paper in current session.

• Allocation of Rs.200 crore for research on climate change.

• Irrigation and water resource company to be operationalised.

• National mission on food processing to be started in cooperation with state governments.

• Integrated Child Development Scheme to be strengthened and restructured with allocation of Rs.15,850 crore.

• Allocation of Rs.14,000 crore for rural water supply and sanitation.

• Infusion of Rs.15,888 crore in public sector banks, regional rural banks and NABARD in 2012-13.

• Infrastructure will require Rs.50 lakh crore in 12th Plan, half of this from the private sector.

• Completion of highway projects 44 percent higher than in previous fiscal.

• External commercial borrowing of up to $1 billion permitted for airline sector.

• External commercial borrowing permitted to low-cost housing sector.

• From 2012-13, full subsidies for providing food security; in other sectors to the extent the economy can bear this.

• Hope to raise Rs.30,000 crore from disinvestments.

• New equity savings scheme to provide for income tax deduction of 50 percent for those who invest Rs.50,000 in equity and whose annual income is less than Rs.10 lakh.

• Corporate market reforms to be initiated.

• Bills on micro-finance institutions, national land bank and public debt management among those to be introduced in 2012-13.

• Addressing malnutrition, black money and corruption in public life among five priorities in year ahead.

• India's inflation structural, driven largely by agricultural constraints.

• Current account deficit 3.6 percent in 2011-12; this put pressure on exchange rate.

• Growth in 2012-13 estimated at 7.6 percent; expect inflation to be lower.

• Better monitoring of expenditure on government schemes.

• Fiscal 2011-12 year of recovery interrupted; reality turned out to be different.

• GDP growth in 2011-12 estimated at 6.9 percent; had to battle double digit inflation for two years.

• Good news: agriculture and services continued to perform well; economy is now turning around; recovery in core sectors.

• Now at juncture where it is necessary to take hard decisions; have to accelerate pace of reforms.

LATEST HOLDINGS OF AMANSA CAPITAL

Amansa Capital, run by Akash Prakash, having assets under management of around $300mn with a focus on midcap companies in India. In an interview with FinanceAsia, Akash Prakash mentioned that they have invested in around 25 companies with investment size of $8mn-12mn each though I can only find out 13 of them with market value of $110mn.

Cholamandalam Investment and Finance Ltd (market value of around Rs 53crs)

Max India (Management mentioned they will recover all losses of previous 3 quarters and end FY11 in the black. Major beneficiary of reforms in Insurance if and when it happens )

Whirlpool of India (MV of Rs 50crs) .

Greaves Cotton (Manufacturers of engines for Piaggio, Tata Motors and Mahindra & Mahindra’s three-wheeler vehicles. Also manufactures Construction equipment. I have a vested interest in this stock)

Rallis India (Stock had a dream run over the past 2 years. Still it should do well in the long term)

Entertainment Network of India Ltd (ENIL) (Owners of Radio Station “Radio Mirchi” )

Gujarat Pipavav Port (Anchor investor in IPO last year)

Blue Star (See recovery in earnings only in H2 of FY12)

Kirloskar Oil Engines Ltd (market value of around Rs 32crs)

Edelweiss Capital (I have not seen any industry as competitive as broking)

Carborundum Universal (The company targets a Return on Capital Employed of 25% from 21.5% currently over the next few years)

OnMobile Global (Beneficiary of 3G)

Tube Investments of India ( It seems like some sort of obsession with Muruguppa Group companies! )

I think (from the few companies I track) the portfolio is very well diversified across sectors with companies known for maintaining high standard of corporate governance. Since Akash Prakash appears on business channels frequently and writes a column for Business Standard with no mention of his fund’s holdings anywhere, I thought why not find out from the BSE!

BEJAN DARUWALLA PREDICTIONS FOR STOCK MARKET 2012

While the Street enters 2012 with apprehensions written all over, astrologist Bejan Daruwalla underplays worries and predicts a 'happy' new year, but only post September 2012. In an interview to CNBC-TV18, Daruwalla said that the pain and gloom in the market will continue to stay but only until June 2012.

Agreeing that the Indian market is on a treacherous wicket, he however foresees that the best is set to come in 2012.

"Jupiter being the planet for money moves rather slowly. However, by September 2012 the worst will be over for the market," he predicts. also forecasts that entertainment, minerals, chemicals, colours and pharma sectors are set to outdo others in 2012.

Talking about the world economy treading turbulent times, he sees March 2013 as the time when both Indian and the global economy is set to be on a winning wicket.

CREDIT POLICY BY RESERVE BANK OF INDIA

CREDIT POLICY

RBI credit policy: Is the tight liquidity in the system expected to ease now? SHARE facebook twitter google plus

After a series of liquidity tightening measures, the Reserve Bank of India (RBI) has finally forecasted an easing liquidity situation in its mid quarter monetary policy announced earlier in the day. With the deamnd for money coming down by March-end,...

ECONOMIC SURVEY FY13

ECONOMIC SURVEY NEWS

Economic Survey: Need rapid fiscal consolidation in FY13 SHARE facebook twitter google plus

The survey takes note of the Government fighting malaise of inflation with numerous calibrated steps which constituted a combination of policies to improve supply.

1ST BINGO! NIFTY F&O REACHED OUR FIRST TARGET OF 5398

TODAY WE RECOMMENDED TO BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325 FOR A TARGET OF 5398, 5423 AND 5448. OUR FIRST TARGET ACHIEVED TODAY ITSELF. BINGO!

BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325

WE RECOMMEND TO BUY NIFTY FUTURES B/W 5350-5365 WITH A STOPLOSS OF 5325 FOR A TARGET OF 5398, 5423 AND 5448.

1ST BINGO! VIP IND FUTURES REACHED OUR THIRD TARGET OF 108.80

ON 28.02.12 WE RECOMMENDED TO BUY VIP IND FUTURES AT 103.50 WITH A STOPLOSS OF 101 FOR A TARGET OF 105.80, 107.40 AND 108.80. OUR THIRD TARGET OF 108.80 ACHIEVED TODAY. BINGO! NOW NEXT TARGETS R 110.40, 111.80 AND 113.40

5TH BINGO! VIP IND FUTURES REACHED OUR SECOND TARGET OF 107.40

TODAY WE RECOMMENDED TO BUY VIP IND FUTURES AT 103.50 WITH A STOPLOSS OF 101 FOR A TARGET OF 105.80, 107.40 AND 108.80. OUR SECOND TARGET OF 107.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

4TH BINGO! VIP IND FUTURES REACHED OUR FIRST TARGET OF 105.80

TODAY WE RECOMMENDED TO BUY VIP IND FUTURES AT 103.50 WITH A STOPLOSS OF 101 FOR A TARGET OF 105.80, 107.40 AND 108.80. OUR FIRST TARGET OF 105.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

3RD BINGO! SHRIRAM TRANSPORT FUTURES REACHED OUR THIRD TARGET OF 573

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT FUTURES AT CMP OF 556 WITH A STOPLOSS OF 552 FOR A TARGET OF 563, 568 AND 573. OUR THIRD TARGET OF 573 ACHIEVED TODAY ITSELF. BINGO!

2ND BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR SECOND TARGET OF 568

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT FUTURES AT CMP OF 556 WITH A STOPLOSS OF 552 FOR A TARGET OF 563, 568 AND 573. OUR SECOND TARGET OF 568 ACHIEVED TODAY ITSELF. BINGO!

1ST BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR FIRST TARGET OF 563

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT FUTURES AT CMP OF 556 WITH A STOPLOSS OF 552 FOR A TARGET OF 563, 568 AND 573. OUR FIRST TARGET OF 563 ACHIEVED TODAY ITSELF. BINGO!

BUY VIP IND FUTURES AT 103.50 WITH A STOPLOSS OF 101

WE RECOMMEND TO BUY VIP IND FUTURES AT 103.50 WITH A STOPLOSS OF 101 FOR A TARGET OF 105.80, 107.40 AND 108.80.

BUY SHRIRAM TRANSPORT FUTURES AT CMP OF 552 WITH A STOPLOSS OF 548

WE RECOMMEND TO BUY SHRIRAM TRANSPORT FUTURES AT CMP OF 556 WITH A STOPLOSS OF 552 FOR A TARGET OF 563, 568 AND 573.

2ND BINGO! VIP FUTURES REACHED OUR SIXTH TARGET OF 127.80

ON 17.02.12 WE RECOMMENDED TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80, 120.40, 122.80, 125.40 AND 127.80. OUR SIXTH TARGET OF 127.80 ACHIEVED TODAY. BINGO!

1ST BINGO! AUROBINDO FUTURES REACHED OUR FIRST TARGET OF 122.80

TODAY WE RECOMMENDED TO BUY AUROBINDO FUTURES AT ABOVE 120 WITH A STOPLOSS OF 118 FOR A TARGET OF 122.80, 124.40 AND 126.80. OUR FIRST TARGET OF 122.80 ACHIEVED TODAY ITSELF. BINGO!

BUY DELTA CORP FUTURES ABOVE 88 WITH A STOPLOSS OF 86

WE RECOMMEND TO BUY DELTA CORP FUTURES ABOVE 88 WITH A STOPLOSS OF 86 FOR A TARGET OF 90.80, 92.40 AND 93.80.

BUY TITAN FUTURES ABOVE 254 WITH A STOPLOSS OF 250

WE RECOMMEND TO BUY TITAN FUTURES ABOVE 254 WITH A STOPLOSS OF 250 FOR A TARGET OF 258.80, 262.40 AND 264.80.

BUY AUROBINDO FUTURES AT ABOVE 120 WITH A STOPLOSS OF 118

WE RECOMMEND TO BUY AUROBINDO FUTURES AT ABOVE 120 WITH A STOPLOSS OF 118 FOR A TARGET OF 122.80, 124.40 AND 126.80.

15TH BINGO! VIP FUTURES REACHED OUR FIFTH TARGET OF 125.40

ON 17.02.12 WE RECOMMENDED TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80, 120.40, 122.80, 125.40 AND 127.80. OUR FIFTH TARGET OF 125.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

14TH BINGO! VIP FUTURES REACHED OUR FOURTH TARGET OF 122.80

ON 17.02.12 WE RECOMMENDED TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80, 120.40, 122.80, 125.40 AND 127.80. OUR FOURTH TARGET OF 122.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

13TH BINGO! VIP IND FUTURES REACHED OUR THIRD TARGET OF 120.40

ON 17.02.12 WE RECOMMENDED TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80 AND 120.40. OUR THIRD TARGET OF 120.40 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGET R 122.80, 125.40 AND 127.80.

12TH BINGO! TITAN FUTURES REACHED OUR SIXTH TARGET OF 254.40

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40, 246.80, 248.40, 251.80 AND 254.40. OUR SIXTH TARGET OF 254.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

11TH BINGO! TITAN FUTURES REACHED OUR FIFTH TARGET OF 251.80

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40, 246.80, 248.40, 251.80 AND 254.40. OUR FIFTH TARGET OF 251.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

10TH BINGO! TITAN FUTURES REACHED OUR FOURTH TARGET OF 248.40

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40, 246.80, 248.40, 251.80  AND 254.40. OUR FOURTH TARGET OF 248.400 ACHIEVED TODAY ITSELF. BINGO AGAIN!

9TH BINGO! TTK PRESTIGE FUTURES REACHED OUR SECOND TARGET OF 3048

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES ABOVE 2975 WITH A STOPLOSS OF 2950 FOR A TARGET OF 3023, 3048 AND 3063. OUR SECOND TARGET OF 3048 ACHIEVED TODAY ITSELF. BINGO AGAIN!

8TH BINGO! TTK PRESTIGE FUTURES REACHED OUR FIRST TARGET OF 3023

TODAY WE RECOMMENDED TO BUY TTK PRESTIGE FUTURES ABOVE 2975 WITH A STOPLOSS OF 2950 FOR A TARGET OF 3023, 3048 AND 3063. OUR FIRST TARGET OF 3023 ACHIEVED TODAY ITSELF. BINGO AGAIN!

7TH BINGO! ORCHID FUTURES REACHED OUR SECOND TARGET OF 186.40

TODAY WE RECOMMENDED TO BUY ORCHID CHEM FUTURES ABOVE 182 WITH A STOPLOSS OF 180 FOR A TARGET OF 184.80, 186.40 AND 188.80. OUR SECOND TARGET OF 186.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

6TH BINGO! ORCHID FUTURES REACHED OUR FIRST TARGET OF 184.80

TODAY WE RECOMMENDED TO BUY ORCHID CHEM FUTURES ABOVE 182 WITH A STOPLOSS OF 180 FOR A TARGET OF 184.80, 186.40 AND 188.80. OUR FIRST TARGET OF 184.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

5TH BINGO! TITAN FUTURES REACHED OUR THIRD TARGET OF 246.80

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40 AND 246.80. OUR THIRD TARGET OF 246.80 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 248.40, 251.80 AND 254.40.

4TH BINGO! TITAN FUTURES REACHED OUR SECOND TARGET OF 244.40

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40 AND 246.80. OUR SECOND TARGET OF 244.40 ACHIEVED TODAY ITSELF. BINGO!

3RD BINGO! TITAN FUTURES REACHED OUR FIRST TARGET OF 242.80

TODAY WE RECOMMENDED TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40 AND 246.80. OUR FIRST TARGET OF 242.80 ACHIEVED TODAY ITSELF. BINGO!

BUY TTK PRESTIGE FUTURES ABOVE 2975 WITH A STOPLOSS OF 2950

WE RECOMMEND TO BUY TTK PRESTIGE FUTURES ABOVE 2975 WITH A STOPLOSS OF 2950 FOR A TARGET OF 3023, 3048 AND 3063.

BUY ORCHID CHEM FUTURES ABOVE 182 WITH A STOPLOSS OF 180

BUY ORCHID CHEM FUTURES ABOVE 182 WITH A STOPLOSS OF 180 FOR A TARGET OF 184.80, 186.40 AND 188.80.

BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238

WE RECOMMEND TO BUY TITAN FUTURES ABOVE 240 WITH A STOPLOSS OF 238 FOR A TARGET OF 242.80, 244.40 AND 246.80.

2ND BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR SIXTH TARGET OF 594.80

ON 17.02.12 WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40, 588.80, 590.40, 592.80 AND 594.80. OUR SIXTH TARGET OF 594.80 ACHIEVED TODAY. BINGO! NOW NEXT TARGETS R 597.40, 599.80 AND 603.80.

1ST BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR FIFTH TARGET OF 592.80

ON 17.02.12 WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40, 588.80, 590.40, 592.80 AND 594.80. OUR FIFTH TARGET OF 592.80 ACHIEVED TODAY. BINGO!

18TH BINGO! BATA FUTURES REACHED OUR FIRST TARGET OF 733

TODAY WE RECOMMENDED TO BUY BATA FUTURES AT CMP OF 721 WITH A STOPLOSS OF 710 FOR A TARGET OF 733, 738 AND 743. OUR FIRST TARGET ALMOST ACHIEVED TODAY ITSELF. BINGO AGAIN!

17TH BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR FOURTH TARGET OF 590.40

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40, 588.80, 590.40, 592.80 AND 594.80. OUR FOURTH TARGET OF 588.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

BUY BATA FUTURES AT CMP OF 721 WITH A STOPLOSS OF 710

WE RECOMMEND TO BUY BATA FUTURES AT CMP OF 721 WITH A STOPLOSS OF 710 FOR A TARGET OF 733, 738 AND 743.

16TH BINGO! VIP IND FUTURES REACHED OUR SECOND TARGET OF 118.80

TODAY WE RECOMMEND TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80 AND 120.40. OUR SECOND TARGET OF 118.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

15TH BINGO! BHEL FUTURES REACHED OUR NINETH TARGET OF 323.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80, 313.80, 316.40, 319.80 AND 323.80. OUR NINETH TARGET OF 323.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

14TH BINGO! BHEL FUTURES REACHED OUR EIGHTH TARGET OF 319.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80, 313.80, 316.40, 319.80 AND 323.80. OUR EIGHTH TARGET OF 319.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

13TH BINGO! BHEL FUTURES REACHED OUR SEVENTH TARGET OF 316.40

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80, 313.80, 316.40, 319.80 AND 323.80. OUR SEVENTH TARGET OF 316.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

12TH BINGO! BHEL FUTURES REACHED OUR SIXTH TARGET OF 313.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80 AND 313.80. OUR SIXTH TARGET OF 313.80 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEX TARGETS R  316.40, 319.80 AND 323.80

11TH BINGO! BHEL FUTURES REACHED OUR FIFTH TARGET OF 309.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80 AND 313.80. OUR FIFTH TARGET OF 309.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

10TH BINGO! BHEL REACHED OUR FOURTH TARGET OF 307.40

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40, 304.80, 309.80  AND 313.80. OUR FOURTH TARGET OF 307.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

9TH BINGO! SHRIRAM TRANSPORT FINANCE REACHED OUR THIRD TARGET OF 588.80

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40 AND 588.80. OUR THIRD TARGET OF 588.80 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGETS R 590.40, 592.80 AND 594.80

8TH BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR SECOND TARGET OF 585.40

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40 AND 588.80. OUR SECOND TARGET OF 585.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

7TH BINGO! SHRIRAM TRANSPORT FINANCE FUTURES REACHED OUR FIRST TARGET OF 583.80

TODAY WE RECOMMENDED TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40 AND 588.80. OUR FIRST TARGET OF 583.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

6TH BINGO! BHEL REACHED OUR THIRD TARGET OF 304.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40 AND 304.80. OUR THIRD TARGET OF 304.80 ACHIEVED TODAY ITSELF. BINGO AGAIN! NOW NEXT TARGET R 307.40, 309.80 AND 313.80.

5TH BINGO! BHEL REACHED OUR SECOND TARGET OF 302.40

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40 AND 304.80. OUR SECOND TARGET OF 302.40 ACHIEVED TODAY ITSELF. BINGO AGAIN!

4TH BINGO! BHEL REACHED OUR FIRST TARGET OF 298.80

TODAY WE RECOMMENDED TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40 AND 304.80. OUR FIRST TARGET OF 298.80 ACHIEVED TODAY ITSELF. BINGO AGAIN!

3RD BINGO! VIP IND REACHED OUR FIRST TARGET OF 117.40

TODAY WE RECOMMEND TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80 AND 120.40. OUR FIRST TARGET OF 117.40 ACHIEVED TODAY ITSELF. BINGO!

2ND BINGO! JSW ENERGY FUTURES REACHED OUR SECOND TARGET OF 76.40

TODAY WE RECOMMEND TO BUY JSW ENERGY F&O AT CMP OF 71 WITH A STOPLOSS OF 68 FOR A TARGET OF 74.80, 76.40 AND 78.80. OUR SECOND TARGET OF 76.40 ACHIEVED TODAY ITSELF. BINGO!

1ST BINGO! JSW ENERGY FUTURES REACHED OUR FIRST TARGET OF 74.80

TODAY WE RECOMMEND TO BUY JSW ENERGY F&O AT CMP OF 71 WITH A STOPLOSS OF 68 FOR A TARGET OF 74.80, 76.40 AND 78.80. OUR FIRST TARGET OF 74.80 ACHIEVED TODAY ITSELF. BINGO!

BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573

WE RECOMMEND TO BUY SHRIRAM TRANSPORT F&O AT CMP OF 576 WITH A STOPLOSS OF 573 FOR A TARGET OF 583.80, 585.40 AND 588.80.

BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288

WE RECOMMEND TO BUY BHEL F&O AT CMP OF 293 WITH A STOPLOSS OF 288 FOR A TARGET OF 298.80, 302.40 AND 304.80.

BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113

WE RECOMMEND TO BUY VIP IND F&O AT CMP OF 115 WITH A STOPLOSS OF 113 FOR A TARGET OF 117.40, 118.80 AND 120.40.

BUY JSW ENERGY F&O AT CMP OF 71 WITH A STOPLOSS OF 68

WE RECOMMEND TO BUY JSW ENERGY F&O AT CMP OF 71 WITH A STOPLOSS OF 68 FOR A TARGET OF 74.80, 76.40 AND 78.80.

33RD BINGO! TTK PRESTIGE REACHED OUR THIRTY THIRD TARGET OF 3198

TTK PRESTIGE REACHED OUR TWENTY THIRD TARGET OF 2948

ON 06.02.12 WE RECOMMENDED TO OUR PAID SUBSCRIBERS TO BUY TTK PRESTIGE AT CMP OF 2356 WITH A STOPLOSS OF 2322 FOR A TARGET OF 2388, 2413, 2438, 2468, 2488, 2513, 2538, 2553, 2578, 2598, 2613, 2638, 2663, 2688, 2713, 2738, 2763, 2788, 2813, 2838, 2863, 2898, 2923 AND 2948. OUR TWENTY THIRD TARGET OF 2923 ACHIEVED. BINGO! 

NIFTY LEVELS FROM YEAR 2000 TO 2017

WE HAVE GOT THE CHARTS FOR 12 YEARS WITH MAJOR LEVELS OF SUPPORT AND RESISTANCE FOR NIFTY. WE HAV SHARED THESE NIFTY LEVELS WITH OUR PERSONAL CLIENTS IN JAN'2008 WHEN NIFTY FALL IS ABOUT TO COME.
THIS IS HOW WE SEE NIFTY TILL 2017:

FEBRUARY 2000: 1982 RESISTANCE
APRIL 2003         :   920 SUPPORT
JANUARY 2004  : 2015 RESISTANCE
MAY 2004           : 1292 SUPPORT
MAY 2006           : 3774 RESISTANCE
JUNE 2006          : 2596 SUPPORT
JANUARY 2008  : 6350 RESISTANCE
OCTOBER 2008 : 2250 SUPPORT
JULY 2009          : 4500 RESISTANCE
WINTER 2009    : 3300 SUPPORT
WINTER 2010    : 6400 RESISTANCE
MAY 2011          : 5000 SUPPORT
JANUARY 2013 : 10900 RESISTANCE
MAY 2014          :   6400 SUPPORT
2016/2017           : 20200 RESISTANCE

THERE MAY BE SOME TIME VARIATION IN THOSE NIFTY LEVELS BUT THE VALUES R MORE OR LESS CERTAIN TO HAPPEN.

38 years cycle is the first business cycle in the history of global power. Usually the full cycle lasts for 240 years. However, the first cycle is extremely robust which propels the economy in new territory.After this cycle a massive crash can be expected but recovery will soon follow and second cycle will be much longer but economic growth rate will slow down compared to present.

This cycle of 38 years comes once in many centuries. Usually, this cycle propels the low or middle economy into next round of sustained growth. For INDIA it started form 1981 and will last till about 2020. Similar, 38 years cycles can be traced for other economies:

England: From 1868 to 1906.
USA : From 1891 to 1929
Japan: From 1951 to 1989
India: From 1981 to 2020

Markets just looks for an excuse to rise or fall. Government may come and go but Nifty targets for next 12 years are pre-determined and almost certain to happen. So are Dow Jones level which may touch 39000 in 12 years time in line with Nifty Levels. HAPPY INVESTING!

TOP 20 IDEAS FOR 2012 TO 2015

WE R HEREBY GIVING 20 TOP IDEAS FOR 2012 TO 2015, WE  RECOMMEND  TO  INVEST  EQUAL AMOUNT IN ALL THE SCRIPS i.e. IF U WANT TO  INVEST  RS.5 LACS THEN DIVIDE  RS.25000 EQUALLY AND SELL ONLY WHEN U GET AS LEAST 50% RETURN IN TWO YEARS  AND 100% RETURN BY 2015 1. Asian Paints (Present price: 2700) Asian Paints is the market leader in the domestic paint industry, accounting for around +50% overall market share and +60% share in the decorative market. The company has clocked 20% higher than industry growth in volume terms over the last five years.

Asian Paints has a strong brand, enhanced dealer network with 27000 outlets and focus on premium emulsion segment. The company has clocked a net profit of Rs.472.4 crore on net sales of Rs.4511 crore during H1FY‟12, translating into an EPS of Rs.49.25.

The company‟s products have a strong replacement demand which should help it sail through tough times. With improving demographics, increasing brand awareness, we expect Asian Paints to emerge as a key beneficiary.

2. Dabur India (Present price: 96) The brandname, Dabur has become synonymous w. The company with its wide range of products is emerging as a key player in the Indian FMCG market. With the acquisition of Fem Care Pharma and Balsara's Hygiene and Home products businesses, the company is strategically placed to reap the benefits.

At present, the company is rejigging its distribution structure and increasing the number of outlets and doubling the rural reach by penetrating sparsely populated areas, the complete benefits of the same should be visible from FY‟13E onwards. Dabur India should clock an EPS of Rs.3.6 and Rs.4.3 by FY‟12E and FY‟13E respectively.

3. Dr. Reddy’s Laboratories (Present price: Rs.1650) The company registered strong Q2FY‟12 results on the back of significant improvement in the topline. We expect this trend to continue going forward also. We expect significant improvement in earnings by FY‟13E since Russia and CIS which contribute 15% to the turnover, are expected to grow by ~20% on the back of significant volume growth in 20 key brands.

4. Gas Authority of India (GAIL) (Present price: Rs.370) Post ~30% correction from its 52-week high levels, GAIL (India) Limited‟s share has emerged as a significant value-buy at the present levels. The company is the leader in the gas transmission and trading and continues to maintain this position going forward also. With the demand for natural gas from the end-user industry rising, demand for transportation of the same is expected to remain robust going forward.

During H1FY‟12, the company registered a PAT of Rs.2079.1 crore on net sales of Rs.18566.4 crore, translating into an EPS of Rs.16.4. 5. HDFC Bank (Present price: Rs.485) The Bank has grown it‟s net profit consistently at a CAGR of +30% over the last several years. More commendable is the fact that this growth has been achieved along with consistent improvement in asset quality. The Bank‟s loan book is equally divided between the retail and the corporate segments. In the corporate segment, HDFC Bank finances mostly working capital loans in case of corporates. The Bank has a strong liability franchisee with CASA ratio quoting at 47% of the total deposits. A high CASA ratio leading to effectively lower cost of funds has helped the Bank clock the highest NIMs ( next only to Kotak Bank) in the banking space. During H1FY‟12, the Bank has registered an Interest Income of Rs.12695.7 crore, an increase of 37.6% y-o-y. The net profit for the corresponding period stood at Rs.2284.3 crore, an increase of 32.5% y-o-y.  6. Idea Cellular Limited (Present price: Rs.84) We feel that inspite of a number of policy overhangs, telecom stocks have a significant potential for appreciation going forward. We believe that tariff hikes have seen their bottom levels, which would lead to improvement in revenues as well as margins. Since Bharti is grappled with foreign debt in its books to fund the African acquisition, MTM loss on this debt would lower its PAT, Idea Cellular should emerge as a key beneficiary in the sector.  7. IndusInd Bank (Present price: Rs.280) With the new management under the leadership of Mr. Romesh Sobti in place, IndusInd Bank‟s net profit has registered an almost eight-fold jump to Rs.577 crore in FY‟11 from Rs.75 crore in FY‟08. The Bank has clocked higher than industry growth and almost doubled the Balance Sheet size and the income earned during this period. The CASA ratio has also doubled during FY‟08-11 from 14% to 28%. The management has targetted for CASA deposits for FY‟14 stands at 34%. Over the next two years, the management has guided for almost doubling of the branch network compared to the present figure of 350. The major growth in the loan book should come from the consumer finance segment and the enhanced branch network should provide a significant opportunity to cross- sell, leading to higher growth in fee income compared to the loan book growth.  8. Infosys (Present price: Rs.2590) Unlike in 2008, the IT sector has shown a significant resilience this time and Infosys should be a key beneficiary of the same. The depreciating rupee also augurs well for IT companies and Infosys has the highest proportion of unhedged receivables amongst the top IT players. The management has guided that it may not abe able to achieve the top-end of the guidance, however, we feel that this negative element is already being factored in the present price. 9. ITC Limited (Present price: Rs.200) Cigarettes contributed 64% and 80% to the FMCG revenues and gross total revenues during H1FY‟12. The contribution of the cigarette segment to the consolidated EBIT stood at 80% during the same period. Cigarette sales are least impacted by factors which impact the markets in general, whether interest rates or high commodity prices. The company has been able to not only sustain volume growth inspite of hike in duties on cigarette but also maintained margins very well. ITC is the second largest hotel-chain operator and the largest paperboard and packaging companies in the country. The company has scaled up rapidly in the FMCG space, which not only requires establishment of new manufacturing operations but efficient and widespread distribution channels.  10. Sun Pharma (Present price: Rs.525) Sun Pharma holds 4.4% market share in the highly- competitive domestic pharma market, per latest AIOCD report. The company is now ranked no.1 based on share of prescription classes of specialists. Sun Pharma has 388 ANDA filings till date with 150 ANDAs pending for approval. This is the highest number of filings by an Indian pharmaceutical company. The company has reported excellent financial numbers with net sales and PAT registering a CAGR of 28% and 27% respectively. The company has clocked a 30% growth in topline during H1FY‟12. We expect the same trend to continue for the balance portion of the year also. MIDCAP IDEAS  11. Arshiya International(Present price: Rs.135) Arshiya International has pioneered the unique concept of setting up Free Trade Warehousing Zones(FTWZ) in the country with first FTWZ already set up at Panvel. The company‟s other FTWZs are expected to come up at Khurja in the north, Nagpur in Central India and Chennai in South India which would be eventually linked through the rail route. With it‟s own FTWZs, distriparks and rail network, Arshiya should be able to provide an end-to-end logistics connectivity to all its clients.  12. Delta Corp (Present price: Rs.72) With 3 out of 6 off-shore licenses in the state of Goa, Delta Corp is the largest and the only listed casino operator in the country. The gaming positions in the company are expected to increase from the present figure of 690 to +3000 over the next 9 to 12 months on the back of addition of a new vessel, Horseshoe, to the existing fleet and commencement of operations of “Thunderbird Resorts” in Daman. The company has got the best parcel of land in Sri Lanka and would be setting up a five- star hotel and a casino. In addition, the company also operates real estate business in Kenya through a 40: 60 JV with a subsidiary of Reliance Industries Limited. Delta Corp would build around 1.2 million square feet of real estate space in Kenya. 20 ideas for 2012 13. Goodyear India (Present price: Rs.295) Goodyear has one of the strongest Balance Sheets in the tyre sector. The net cash and cash equivalent of the company stood at Rs.217.9 crore, translating into a cash per share of Rs.94.4. This figure is equivalent to more than 30% of the present price of the company. The company has posted a PAT of Rs.44.3 crore on net sales of Rs.1118.8 crore during 9MCY‟11. We expect the operating profit margins to improve going forward on the back of fall in the price of its key raw material, natural rubber. The parent company had come up with a delisting offer in April 2010 which eventually did not go through.  14. MRF (Present price: Rs.7100) The company has got an excellent Balance Sheet with reserves to equity ratio quoting almost 400 times. The company has posted a net profit of Rs.338.7 crore on net sales of Rs.9743.9 crore during FY‟10(September year-ending company). On a small equity of Rs.4.24 crore, the EPS stood at Rs.798.8. At the present price, the stock is available at 8.3x its TTM earnings. We expect the company to post an improvement in margins going forward on the back of weakening rubber prices.  15. Navneet Publications (Present price: Rs.56) The company is one of the pioneers in education field and has a strong foothold in the states of Maharashtra and Gujarat. The company has almost doubled its revenues and PAT over the five year period FY06-11. Navneet has a debt-free Balance sheet and recently the company has entered the Andhra Pradesh education sector by acquiring a stake in K-12 which manages schools under the brandname – Gowtham.  16. NIIT Technologies (Present price: Rs.210) NIIT Technologies has a strong order book and the company‟s valuations are compelling at the present levels considering a turnover of Rs.1400 crore and a PAT of Rs.182 crore, translating into an EPS of Rs.30.9 in FY‟11. During H1FY‟12, the company has clocked a turnover of Rs.700 crore and a PAT of Rs.87 crore. The net cash and cash equivalent in the company‟s book as on September 30, 2011 stood at Rs.25 per share (~14% of the present price). The company has a decent dividend yield of approximately ~4.5%. NIIT Technologies has had an excellent dividend payment track record. The dividend ratio for FY‟11 stood at 75% and payout ratio stood in excess of 25% over the last five years. We expect this payout policy to continue in future also. 17. Pfizer (Present price: Rs.1180) This MNC pharma company has a debt-free, cash-rich Balance Sheet with net cash and cash equivalent totaling to Rs.294 per share. This is equivalent to ~27% of the present price. The company has clocked a PAT of Rs.88.2 crore on net sales of Rs.513.7 crore during H1FY‟12. This translates into an EPS of Rs.65 for FY‟13. At the present price, the stock is available at 12x 1-year forward earnings(after knocking off the cash). The stock has corrected by one-third from it‟s 52- week high levels.  18. Polyplex Corporation (Present price: Rs.170) There is significant value in Polyplex Limited after the correction in the stock price over the last one and a half year. The company has a clean Balance Sheet and is funding the expansion plans in Thailand, USA through internal accruals only. During H1FY‟12, the company has posted a net profit of Rs.124.6 crore on net sales of Rs.1251.9 crore, translating into an EPS of Rs.38.9.  19. Vivimed Laboratories (Present price: Rs.292) Vivimed Laboratories has registered phenomenal growth in performance over the last few years. The net sales of the company stood at Rs.416 crore in FY‟11 from Rs.276 crore in FY‟09. The net profit during the same period has grown from Rs.19 crore to Rs.48.8 crore. The company has acquired Spain-based Uquifa and has joined the big league of pharma companies to clock a turnover in excess of Rs.1000 crore in FY‟13 ( compared to Rs.650 crore in FY‟12). The company would be able to maintain the PAT margins equivalent to ~10%, a figure which it had been maintaining in the past also, leading to a two-fold growth in PAT compared to FY‟10 figure of Rs.31.01 crore. 20. VST Industries (Present price: Rs.1230) VST Industries has reported the best sales and PAT figure for FY‟11 in it‟s history inspite of an increase in duties on cigarette imposed during the Union Budget 2010. The company has been clocking a dividend pay-out ratio in excess of 80% over the last three years and we expect the same trend to continue going forward also. During H1FY‟12, the company has registered a PAT growth of 61%. We expect the company to end FY‟12 with an EPS of atleast Rs.78 and a dividend of Rs.60 per share. This translates into a dividend yield of ~5.5%. VST Industries has a debt-free, cash-rich Balance Sheet to the tune of Rs.134 per share as on September 30, 2011.