Indian Stock market guide – April 13, 2007

Indian stock market investors will have very good opportunities in some shares today. Markets will gain around 100-150 points today. Invest in shares which lost heavily in the past 2 days like Ranbaxy Laboratories.

Infosys technologies will announce results in Bangalore today. Its forecast about the growth of IT industry will change the fortunes of IT stocks. Stay away from IT stocks.

Global cues:

US markets and most of the Asian markets gained some of their lost ground. Indian ADRs turned positive. Oil prices rise due to decline in US gas stocks.

News of the Day:

The Index of Industrial Production (IIP) registered an 11 per cent growth during February 2007 as against 8.8 per cent in the same month last year. For April-February 2006-07, IIP improved by 11.1 per cent as against 8.1 per cent in the same period last fiscal.

The manufacturing sector improved by 12.3 per cent in February compared to 9.2 per cent in the same month of 2006. For the April-February period, manufacturing grew by 12.1 per cent as against 9.1 per cent in the corresponding period last fiscal.

Stocks for Indian Day Traders:

1. Rallis India – Superb Q4 results.

Net profit of Rallis India rose 218.57% to Rs 9.78 crore during the quarter ended March 2007 as against Rs 3.07 crore in the previous quarter ended March 2006. It will gain 10-20 points.

2. Ranbaxy – Approvals to market its drugs in US and Canada markets.

RANBAXY RECEIVES APPROVAL TO MARKET CEFPROZIL TABLETS AND CEFPROZIL POWDER FOR ORAL SUSPENSION IN CANADA.


Ranbaxy Laboratories Ltd said it got US Food and Drug Administration approval to market Loratadine antihistamine tablets.

3. ICRA debuts today

It will be listed on the Bombay stock exchange in the ``B1`` group of securities.
The company offered 2,581,100 equity shares of Rs 10 each at a price band between Rs 275 and Rs 330 a share. The cut-off price was fixed at Rs 330 a share.

4. ITC:

Seven ITC hotels will be upgraded to be a part of the 64 premium properties worldwide that are recognised under the `Luxury Collection' brand.

5. Ballarpur Industries Ltd (BILT):
An increase of 21.85 per cent in its net profit for the third quarter ended March 31, 2007, to Rs 64 crore from Rs 52.52 crore in the corresponding period last year.

6. Reliance Communications:
It bagged majority of the Universal Services Obligation (USO) fund-sponsored rural cellular project.

7. Ruchi Soya:
Ruchi group buys palm oil business of Sical Logistics for undisclosed amount

8. Pantaloon Retail:
March sales up 84% at Rs 264 cr

9. SAIL:
It closes to acquire Malvika Steel

10. Alembic:
It undertake expansion worth 100 mn.

Stay away from following stocks:

1. Copper prices are in decline. Stay away from metal stocks.
2. TATA Power