BUY AREVA 522275 ABOVE 380 TARGET 475 STOP LOSS 349
BUY ASIAN PAINTS 500820 ABOVE 1100 TARGET 1370 STOP LOSS 1087
BUY CHAMBAL 500085 ABOVE 74 TARGET 100 STOP LOSS 62
BUY CONCOR 531344 ABOVE 1011 TARGET 1270 STOP LOSS 949
BUY EDELWISE 532922 ABOVE 525 TARGET 600 STOP LOSS 470
BUY GMDC 532181 ABOVE 98 TARGET 130 STOP LOSS 80 OR 87
Sensex (15411)Res 15580-15868-16675 & Sup 15168-14999.
Nifty (4637) Res 4688-4745-4829 & Sup 4586-4546.
NiftyFut (4642) Res 4696-4747-4846 & Sup 4591-4554.
BUY CASTROL (BSE CODE 500870) AT 333 FOR TARGET 355, STOP LOSS 326.
117 ABOVE BUY SASKEN 532663 TARGET 157 STOP LOSS 105
BUY GMDC 532181 ABOVE 98 TARGET 130 STOP LOSS 80 OR 87
128 ABOVE BUY SUZLON 532667 TARGET 135-140-143 STOP LOSSS 121
Our buy call of RELIANCE on 11.06.09 at 2320 with target of 2577 is now 2365. Revise stop loss from 2237 to 2280. VENTURA
Market Watch
Friday, June 12, 2009
Technical Calls 12th June 2009
Thursday, June 11, 2009
Technical Calls 11th June 2009
750 ABOVE BUY TULIP 532691 TARGET 820-870-900 STOP LOSS 685
500303 BUY ABIR NUVO 500303 ABOVE 1035 TARGET 1500 STOP LOSS 850--
550 STOP LOSS BUY JSW STEEL 500228 ABOVE 610 TARGET 800
OUR BUY CALL OF BHARTIARTL JUNE 800 CA ON 28.05.09 AT 48 NOW 72. BOOK PROFITS. VENTURA.
BGR Energy 380 Our Tgt Minimum Rs1000 with 6 month , our call from Rs 180 , hold the share. if not bought Buy BGR cmp 380 Tgt 500 Shortterm Stoploss 150
BUY ON MOBILE ABOVE 532944 ABOVE 470 TARGET 530 STOP LOSS DAY AVG
BUY LIC AT 602 TARGET 675 STOP LOSS 580
BUY RPOWER 532939 ABOVE 196 TARGET 230 STOP LOSS 186---182
BUY RENUKA SUGAR (BSECODE 532670) AT 148 FOR TARGET 174, STOP LOSS 141. VENTURA
Calls 10th June 2009
Sensex (15127)Res 15257-15579-15998 & Sup 14935-14752-14526.
Nifty (4550) Res 4636-4664-4786 & Sup 4478-4427-4365. NiftyFut (4551) Res 4643-4654-4823 & Sup 4483-4412-4385. VENTURA. (10/06/09) BUY KOTAK BANK (BSE CODE 500247) AT 684 FOR TARGET 760, STOP LOSS 631. BUY RIL INFRA (BSE CODE 500390) AT 1144 FOR TARGET 1238, STOP LOSS 1098. VENTURA
Sensex (15127)Res 15257-15579-15998 & Sup 14935-14752-14526.
Nifty (4550) Res 4636-4664-4786 & Sup 4478-4427-4365. NiftyFut (4551) Res 4643-4654-4823 & Sup 4483-4412-4385. VENTURA. (10/06/09) BUY KOTAK BANK (BSE CODE 500247) AT 684 FOR TARGET 760, STOP LOSS 631. BUY RIL INFRA (BSE CODE 500390) AT 1144 FOR TARGET 1238, STOP LOSS 1098. VENTURA
ho-vsl-bkg: 415 ABOVE PATEL ENG TARGET 600 STOP LOSS 350—-531120
ho-vsl-bkg: 415 ABOVE PATEL ENG TARGET 600 STOP LOSS 350—-531120
Tuesday, June 9, 2009
Technical Calls June 9th 2009
1695 STOP LOSS BUY SBI ABOVE 1725 TARGET 1770 CMP 1718
1800 SBI CALL AVAILABLE AT 55-57
1160 STOP LOSS BUY ORACLE ABOVE 1220 TARGET 1400
674 STOP LOSS BUY DR REDDDY ABOVE 700 TARGET 757
830 ABOVE BUY ACC TARGET 852 STOP LOSS 810
Friday, February 29, 2008
Monday, February 25, 2008
Is RNRL - Reliance Power merger on the cards?
Is RNRL - Reliance Power merger on the cards?
By SP Tulsian
For the past couple of days, market has been agog with speculation and rumours that Reliance Natural Resources Ltd. (RNRL) is likely to be merged with Reliance Power Ltd. (RPL). Market, as usual, has started viewing this news as a move to ramp up the share price of RPL, more especially, after the "no-effect" of bonus announcement on the share price of RPL, which closed at Rs.385 on 15th February 08, (prior to bonus announcement), and rose by just Rs.25 to close at Rs.410, on 20th February 08.
If the merger does indeed happen and we are asked to analyse it, there would then be two aspects to it - Synergy and Momentum.
Momentum cannot really work at this stage, as has been seen with the bonus announcement and hence even this news would prove to be a damp squib.
However, Synergy does have its role to play. RNRL came into existence, at the time of separation, between the Ambani brothers, mainly to secure the gas rights by Anil Ambani over the entitled and agreed quantity of gas, at the agreed price, to be produced by Reliance Industries Ltd. (RIL) at eastern cost mainly at Krishna Godavari Basin, for his power projects. This means, RNRL was brought in, as feedstock rights securing and procuring company for the power projects of Reliance ADAG.
RNRL has bagged some coal bed methane gas blocks, as also one on-shore oil exploration block and has applied for permission to lay a pipeline to carry gas from eastern coast to Dadri. RNRL has also been exploring to acquire coal mines and blocks in Australia, Africa and South East Asian countries, mainly to secure feed stock for its Ultra Mega Power Project at Krishnapattanam. Sasan Ultra Mega Power Project, has its own captive source, which is being implemented by RPL.
Earlier, Reliance ADAG had various companies, including Reliance Energy Ltd., to implement its various coal and gas based and hydro power project, which is now being implemented by RPL, a company which recently went public. Hence, it is logical and administratively convenient for the group to merge RNRL into RPL, as ultimately, the sole customer of RNRL would be RPL. Also, under agreement with RIL, RNRL is prohibited to trade in gas procured from RIL, which implies that there can't be any add up on the gas price, being supplied by RNRL to ultimate users of gas by Reliance ADAG companies. So how will RNRL show its financial performance, which would be nothing but a disappointment for its investors? This in itself makes it prudent and advisable to merge RNRL with RPL.
Also in the past, it was learnt that Reliance ADAG through RNRL has settled with RIL over gas dispute, under which RNRL would get transferred to RIL or Mukesh Ambani Group at a higher than its market price and net consideration received on such transfer, would get used, to pay higher gas price by Reliance ADAG to RIL. Earlier, agreed price of gas between them were $ 2.34 per mBtu, which was agreed to be raised to $ 4.00 per mBtu. Mind it, RNRL is just a shell company, with no earning business models, and still if it gets valued at over Rs.25,000 crore, that must be a quid pro quo.
Also, if one looks at it from the point of view of better control of the companies, merger of RNRL into RPL would always be in the larger interests of Reliance ADAG as it has about 54.84% stake in RNRL while it has 89.90% stake in RPL. Post merger and post bonus issue by RPL, still group can have an effective control of anywhere between 75% to 80% of merged entity. RNRL largely has intangible assets, except office premises of 95,000 sq. ft. at Reliance Centre, Ballard Estate, Mumbai.
Post RPL IPO, it may become difficult for the Reliance ADAG now even to please RNRL shareholders, who have entered into the stock, in the recent past at Rs.200 plus. The stock has seen a high of Rs.250 in the month of January 08. Though promoters of the company have no responsibility and obligations towards new investors, having bought shares of RNRL above Rs.200 per share, still, those investors look upon the promoters and some of them even held promoters guilty of a rampant price rise. So, everyone has reached to a conclusion that RNRL may not be able to see its share price crossing its previous top, in the recent times. Also, gas dispute with RIL is not likely to get resolved very soon, as expected earlier.
In nutshell, merger of RNRL with RPL may happen, as it would be synergistic and in the larger interests of the shareholders of both the companies. However, it would be a wishful thinking to presume that this move would inject fresh lease of life in RPL and take its share price northwards. How can an ant lift a mountain?
Saturday, January 12, 2008
Tuesday, January 8, 2008
Bharat Gala: 1118 STOP LOSS BUY HDIL AT 1165 TARGET---1200-1247-1300
Bharat Gala: 416 STOP LOSS BUY SATYAAM ABOVE 425 FOR 450 TARGET
Bharat Gala: 4350 STOP LOSS BUY EDUCOMP ABOVE 4590 FOR 4750---4850 TARGET
Bharat Gala: 895 BELWO SELL TISCO FOR TARGET---880-855 STOP LOSSS---912-//918
Bharat Gala: 6288 and 20860 belwo close will attract correction
Bharat Gala: 146 stop loss buy krbl above 166--530813 for target---200
Bharat Gala: Tisco best call low 875---895 BELWO SELL TISCO FOR TARGET---880-855 STOP LOSSS---912-//918
Bharat Gala: AFTER SHARP RISE ON MONDAY MKT HAS TO CORRECT ON TUESDAY --- FOR THE HIGHEST CLOSING ON FRIDAY
Bharat Gala: BREAKING NEWS: Reliance says to register for Iraq oil tenders
Bharat Gala: ASIAN POINTS 1240 KS OIL-125 RNRL 246
Bharat Gala: 1118 STOP LOSS BUY HDIL AT 1165 TARGET---1200-1247-1300
Bharat Gala: BTST HDILLLLLLLLLLLLL----1118 STOP LOSS BUY HDIL AT 1165 TARGET---1200-1247-1300
Bharat Gala: 117 STOP LOSS BUY POLARIS AT 131 FOR 150 TARGET HDILLLLLLLLLLLLLLLLLLL 1130
Bharat Gala: '
