Free Intraday Stock Tips

Free Intraday Tips And Sure Shot Jackpot Calls

For more stock buzz/discussion and intraday calls visit our forum at www.dstreetdirect.com

NIFTY
RESISTANCE-5490/5500/5517
SUPPORT-5469/5459/5442
If NIFTY breaches 5500 and stays above at least 5490 with good volume then NIFTY may see 5515 and 5530.If Nifty breaches 5459 and stays below 5469 then NIFTY is weak.Then expected lower targets are 5445 and 5430.

TCS
Buy above 878
sl 873
Targets 885,890

Or if trades below 863
Short TCS
SL 868
Targets 856,850

BANKBARODA
Buy above 844
sl 838
Targets 852,857

Or if trades below 827
Short BANKBARODA
SL 833
Targets 819,814

LICHSGFIN
Buy above 1184
sl 1178
Targets 1192,1198

Or if trades below 1169
Short LICHSGFIN
SL 1175
Targets 1161,1155

Buy EVERONN around 610-614
SL 603
TARGET 620-626+

Buy ICICIBANK around 1035-1040
SL 1023
TARGET 1050-1060+

Buy RAYMOND small qty above 393
SL 387
TARGET 397-400+

Visit www.dstreetdirect.com for more stock calls and stock ideas

Tags: daily market report, Day Trading Alerts, day trading calls, delivery calls, Intraday, intraday stock calls, intraday tips, Karvy, nifty signals, Short Term Calls, stock calls, Stock tips, Stock Updates, very short term calls

Grasim UltraTech UPDATE

Aditya Birla group company UltraTech will meet tomorrow to consider a proposal from Samruddhi Cement to merge the cement business of group with itself.

Aditya Birla group , which had acquired UltraTech from engineering giant L&T in 2004, had planned to hive-off Grasim cement into Samruddhi, a wholly owned subsidiary of Grasim Industries.

The demerged entity would be listed and then merged with UltraTech. In a filing to the Bombay Stock Exchange (BSE) UltraTech Cement said “it has received a consolidation proposal from Samruddhi Cement Ltd, a wholly owned subsidiary of Grasim Industries.”

Post-merger (Samruddhi and UltraTech), Grasim’s holding in the consolidated entity would be somewhere between 55-65 per cent. Grasim shareholders would hold 35 per cent in Samruddhi post demerger.

The board’s decision to demerge the cement business was unanimous. This also includes the LIC nominee on the board. But now LIC is yet to give its approval to the proposal.

They seek finer details of this entire process and proposal. LIC has asked Grasim to make detailed presentation of the entire process. The key contention is that they want to look at whether it is in the interest of shareholders and most importantly smaller shareholders is what we understand from sources.

Grasim is going to make a presentation to LIC during this week. We must not forget that, LIC owns 12.39% stake in Grasim and has a board seat in Grasim.

Karvy Stock Broking’s research report says…..
“Grasim Industries has proposed to restructure its cement business by transferring its cement business to Samruddhi Cement Ltd. (SCL), and eventually merging it with Ultratech Cement Ltd (UTCL). Post merger the Grasim’s significant value would be contributed by subsidiaries and investments. Hence we believe the discount for holding company would increase and subsequently we have revised our target price downward from Rs 2,303 to Rs 2,092 and maintain underperformer rating on the
stock,”

Attachment:

(Download the detailed Update on Grasim Industries)

Tags: Aditya Birla Group, Grasim, Grasim Industries, Karvy, LIC, Ultratech Cement