Business & Economy

Stock Picks For Today



Nifty Support 5220 – 5245 – 5268 – 5290
Nifty Resistance 5340 – 5358 – 5383 – 5427

Special Call For Short Term Investment
Buy SOUTHISPQ
Around 13.60-14.00
Target : 30-33

BPCL
Buy above 644
sl 638
Targets 652 -657
Or if trades below 614
Short BPCL
SL 620
Targets 606-600

MUNDRAPORT
Buy above 715
sl 709
Targets 723-728
Or if trades below 701
Short MUNDRAPORT
SL 707
Targets 693-688

JINDALSTEL
Buy above 645
sl 640
Targets 653-658
Or if trades below 634
Short JINDALSTEL
SL 639
Targets 626-620

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Stock Calls/Market Tips For Today

Nifty Outlook & Analysis
Nifty Resistance
5110, 5125, 5135, 5150, 5165, 5185, 5200, 5220 
Nifty support
5070, 5060, 5045, 5025, 4995.
If Nifty remains above 5125-5135 zone, it will try to touch further higher levels. 
Above 5135 next major resistance will be faced at 5165-5185 zone. 
If nifty fails to touch or move above this zone, again Nifty will give up its gains and fall to lower levels.

 

Intraday Stock Tips

RELIANCE  CAPITAL
Buy this stock above 690
Targets of 696, 703, 709
Stop Loss at 682.

TATA MOTORS
Buy this stock above 764
Targets of 770, 775, 780
Stop Loss at 756.

SESAGOA
Above 355  
Target 364-375  
Stoploss  350

CenturyTxt
Buy Below 450
Target 465
Stoploss 435
(Very short term delivery call)

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India Motor Parts and Accessories Limited Reports Audited Earnings Results for the Fourth Quarter and FY09

India Motor Parts and Accessories Limited which also makes good car spoiler for Indian Cars reported audited earnings results for the fourth quarter and year ended March 31, 2010. For the quarter, the company reported net profit of INR 75.8 million or INR 18.22 per basic and diluted share on total income of INR 936.0 million compared to net profit of INR 54.6 million or INR 13.13 per basic and diluted share on total income of INR 736 million for the same quarter last year. The company reported profit from ordinary activities before tax of INR 108.5 million compared to INR 78.9 million for the same quarter last year.

For the year, the company which claims to be manufacturing best car spoiler in Indian market reported net profit of INR 246.7 million or INR 59.31 per basic and diluted share on total income of INR 3,592.6 million compared to net profit of INR 173.8 million or INR 41.77 per basic and diluted share on total income of INR 3,014.9 million for the last year. The company reported profit from ordinary activities before tax of INR 360.9 million compared to INR 253.1 million for the last year.

 

Market Cap 215.06
EPS (TTM) 59.31
P/E 8.72
P/C 8.45
Book Value 292.36
Price/Book 1.77
Div(%) 120.00%
Div Yield(%) 2.32
Market Lot 1.00
Face Value 10.00
Industry P/E 148.35

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Thursday, June 10th, 2010 Business & Economy No Comments

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