News

* Simplex Casting has bagged a good order from Indian Railways for supply of coco bogies taking its total order book position to over Rs.130 cr. Accumulate at declines.
TOWER TALK
* Some serious accumulation is on in Jupiter Bioscience as it closed 4% higher with decent volumes at a time when the Sensex is down by more than 400 points.
* Royal Orchid Hotels has entered a joint venture with the Parsvnath group to develop ten hotels at an investment of Rs.500 cr. Scrip is available fairly cheap and is a good bet at the current level.
* Although marketmen have turned bullish on Reliance Power on the bonus announcement, investors may do well to exit this scrip and shift to better options like Numeric Power, Indo Asian Fusegear, Easun Reyrolle, ICSA, KLG Systel, Asian Electronics etc.
* Vakrangee Software has held out in the recent carnage. It seems the scrip is in stronger hands and may shoot up sharply once the sentiment improves. A solid bet.
* Centurion Bank of Punjab is a good buy because of its merger proposal with HDFC Bank.
* Bihar Tubes has planned aggressive expansion by inorganic growth. A good stock to accumulate at declines.
* Bodal Chemicals is quoting at a single digit P/E and has a rights issue which is like a mini bonus. The share is languishing at Rs.93 and offers rights at Rs.10 premium. Record date is in March 2008.
* Will the bonus in Reliance Power change the mood of the market? Next week is crucial for the direction of the market.
* Himachal Futuristic is to be rechristened as Dynamic Infotel Ltd. and is likely to reduce its equity capital to offset heavy losses. A scrip to watch in coming years.
* Reliance’s gas find in the Krishna Godavri deepwater blocks will be a real money spinner for RIL.
* Elder Healthcare joins the trimming game with Vandana Luthra.
* Essar Shipping with its refocus on offshore is a great scrip in the making.
* Crompton Greaves, BHEL, Siemens and ABB are in for a stupendous rise in the capital goods segment.
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* TVS Motors’ electric scooters for Rs.32,500 from will give Hero Honda, Bajaj Auto and Kinetic a tough time.
* Jain Irrigation Systems’ tie-up with Mekorot Water Co. from Israel for hydro infra projects will add a new dimension to its growth.
* Jaiprakash Associates’ ad campaign empowers its scrip. Around Rs.230, it offers a great opportunity for long-term investors.
* Kohinoor Broadcasting Corp. plans to launch KBC News, its Hindi News Channel by 15th April.
* Ennore Coke will start heating the metallurgical coke (metcoke) plant mid-March with production scheduled in the first week of April. The way metcoke prices are shooting up, the scrip is sure to head northward.
* The grey market premium on Rural Electrification Corporation has shot up to Rs.22/24.