SEL Manufacturing Company net profit rises 225.51% in the December 2009 quarter

Net profit of SEL Manufacturing Company rose 225.51% to Rs 20.67 crore in the quarter ended December 2009 as against Rs 6.35 crore during the previous quarter ended December 2008. Sales rose 61.21% to Rs 222.99 crore in the quarter ended December 2009 as against Rs 138.32 crore during the previous quarter ended December 2008. Particulars Quarter Ended Dec. 2009 Dec. 2008 % Var. Sales 222.99 138.32 61 OPM % 17.49 16.09 9 PBDT 35.62 14.56 145 PBT 27.82 10.29 170 NP 20.67 6.35 226

Gujrat State Petronet Ltd.

Buy GSPL @ CMP. TARGET PRICE RS. 108 Coming Days. BSE Code : 532702 Nse Code : GSPL

India Inc to post double digit growth in profit in Q3

India Inc is likely to post 15-20 per cent growth in net profit in the third quarter, thanks to a low base year and a promising show from automobiles, capital goods, construction, metals, pharmaceuticals and sugar companies. The telecom sector, for the first time after several quarters of strong performance, is expected to show decline in net profit on the back of decline in revenue per phone. Refineries are also expected to post a decline in net profit on account of fall in gross refinery margins. However, oil marketing companies are expected to report losses due to lower refining margins and no contribution from oil bonds. The software companies are expected to show marginal growth in revenue and profit on the back of strong rupee, while fast moving consumer goods companies are expected to show double digit growth on demand and price hike. Q3 ESTIMATES Brokerage Q3 growth rate in % Sample Sales Net profit Citi 112.0 10.3 5.3 CLSA 78.0 15.2 8.0 Edelweiss Research 136.0 15.2 13.0 IDFC-SSKI 159.0 11.8 16.4 Kotak Securities NA 9.9 17.6 Morgan Stanley 102.0 11.0 13.0 Motilals Oswal 118.0 18.0 23.5 Prabhudas Lilladher 114.0 12.1 18.9 Religare 140.0 14.5 18.4 Average 296.0 13.8 17.0 Sales are expected to grow at an average of 14 per cent on the back of a strong show from automobiles, auto ancillaries, construction, capital goods, metals, refineries, metals and sugar. However, oil marketing companies, banks, cement and software companies are likely to post a single digit growth in sales. The third quarter operating margins are likely to improve over 250 basis points on better commodity prices, operating leverage and low base. Only real estate and telecom sectors are likely to see decline in margins on high base of realty firms and price war in case of telecom companies. Decline in real estate margins would be mostly due to the base effect, say analysts. The growth estimates for the second quarter are based on 295 companies previewed by equity analysts from Angel Broking, Citigroup, CLSA, Edelweiss Research, IDFC-SSKI, Morgan Stanley, Motilal Oswal Research, Prabhudas Lilladher and Religare. The sample size is big enough to show the trend in profits, as these companies account for 80 per cent of quarterly net profit of the corporate sector. The profit growth is expected to come from Bajaj Auto, Maruti Suzuki, Mahindra & Mahindra, Hindustan Zinc, Sterlite Industries, GAIL, Asian Paints, Aurobindo Pharma, Renuka Sugar and Lanco Infratech. These firms are expected to post net profit growth of over 100 per cent each. The companies expected to turn around in the third quarter are Ashok Leyland, Tata Motors, Bajaj Hindusthan and Ranbaxy Laboratories. The December quarter results are likely to mark a return to positive earnings growth in India, which will be here to stay for many years to come, indicates an analyst from Anand Rathi. During the quarter, select sectors, including auto, metals and refineries, are likely to report outsized growth while earnings decline will still be subdued in telecom and real estate. After four consecutive quarters of declining profits, a 20.8 per cent growth in profits is forecast for the Nifty companies. The energy sector would benefit from a ramp-up in D6 gas sales, start of oil sales from Rajasthan oilfields and higher net realisations from crude.

Todays Bulk Deals

*11 Jan 2010 11:35:54 AM : Bulk Deals: 48k shares of ZEEL@ Rs268 on the BSE (total deal value of Rs1.30 crore). *11 Jan 2010 11:30:43 AM : Buy SKUMAR (CMP: Rs46.40) with a target of Rs54 and stop loss of Rs38, says Vijay Bhambhwani of BSPL India on CNBC TV 18 11 Jan 2010 11:28:34 AM : Hold ALOKTEX (CMP: Rs24.70) with a medium-term target of Rs30, says Vijay Bhambhwani of BSPL India on CNBC TV 18 11 Jan 2010 11:28:18 AM : MBL Infrastructure (MBLINFRA) jumps by 21% on the debut. The stock is currently trading at Rs204.20, up by13.42 % with a volume of over 29 lac shares on the BSE. 11 Jan 2010 11:17:56 AM : Buy BAJAJHND (CMP: Rs234.25) with a target of Rs255 and stop loss of Rs220, says Vijay Bhambhwani of BSPL India on CNBC TV 18 11 Jan 2010 11:12:17 AM : Bulk Deals: over 29k shares of L&T @ Rs1694 on the NSE (total deal value of Rs4.95 crore). 11 Jan 2010 11:11:08 AM : Telecom industry's revenue on decline. 11 Jan 2010 11:09:52 AM : Bulk Deals: 2.11 lac shares of REIAGRO @ Rs62.50 on the BSE (total deal value of Rs1.32 crore). 11 Jan 2010 11:00:11 AM : Hold INFOSYS (CMP: Rs2498.60) with a target of Rs2685 and stop loss of Rs2380, says Vijay Bhambhwani of BSPL India on CNBC TV 18 11 Jan 2010 10:54:20 AM : Bulk Deals: 8k shares of HDFCBANK @ Rs1717 on the NSE (total deal value of Rs1.49 crore). 11 Jan 2010 10:53:37 AM : Bulk Deals: 9k shares of HDFCBANK @ Rs1717 on the NSE (total deal value of Rs1.64 crore). 11 Jan 2010 10:51:43 AM : Bulk Deals: 19k shares of ULTRACEM @ Rs994.25 on the NSE (total deal value of Rs1.98 crore). 11 Jan 2010 10:51:11 AM : Hold TINPLATE (CMP: Rs91.90) with a target of Rs105 and stop loss of Rs83.84, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:50:04 AM : Hold VIPULLTD (CMP: Rs71.25) with a target of Rs81-120 and stop loss of Rs64.65, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:49:24 AM : Bulk Deals: 2.99 lac shares of GUJALK @ Rs136 on the NSE (total deal value of Rs4.08 crore). 11 Jan 2010 10:46:53 AM : NTPC may file DRHP today for its FPO. The stock is currently trading at Rs234 up by 1.30% with a volume of over 318k shares on the BSE. 11 Jan 2010 10:46:50 AM : Hold CLASDIAM (CMP: Rs24.50) with a target of Rs27.50-30 and stop loss of Rs23, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:42:43 AM : RIL slips on the sale of 3.3 crore shares by the Petroleum Trust. The stock is currently trading at Rs1091.50 down by 0.95% with a volume of over over 3.96 crore shares on the BSE. 11 Jan 2010 10:42:15 AM : Buy TCSCONS (CMP: Rs711) with a target of Rs850, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:39:41 AM : Buy IBREALEST (CMP: Rs235.35) with a target of Rs260-265, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:38:00 AM : Hold KALPIND (CMP: Rs137.90) with a target of Rs145-165 and stop loss of Rs125, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:37:31 AM : Bulk Deals: over 10k shares of TATAPOW @ Rs1504 on the NSE (total deal value of Rs1.56 crore). 11 Jan 2010 10:31:32 AM : Buy HINDZINC (CMP: Rs1287.95) on declines at Rs1200 with a target of Rs1310, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:26:43 AM : Exit KINETCH (CMP: Rs33.95), says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:23:43 AM : Bulk Deals: over 74k shares of PRETAILDVR @ Rs250 on the BSE (total deal value of Rs1.85 crore). 11 Jan 2010 10:23:05 AM : SUZENER bags 21 Mega Watts order from Gujarat Alkalies. 11 Jan 2010 10:22:34 AM : Bulk Deals: over 4.93 lac shares of REIAGRO @ Rs62.75 on the BSE (total deal value of Rs3.09 crore). 11 Jan 2010 10:21:39 AM : Bulk Deals: over 3.92 lac shares of HINDALCO @ Rs175.60 on the BSE (total deal value of Rs6.88 crore). 11 Jan 2010 10:20:25 AM : Buy RPOWER (CMP: Rs162.35) with a target of Rs167-175-195, says Hemen Kapadia, Technical Analyst of Chartpundit.com on Zee Business 11 Jan 2010 10:20:16 AM : Bulk Deals: over 1.45 lac shares of MARICO @ Rs102 on the BSE (total deal value of Rs1.47 crore). 11 Jan 2010 10:19:09 AM : Bulk Deals: over 49k shares of BRITANNIA @ Rs1655 on the BSE (total deal value of Rs8.25 crore). 11 Jan 2010 10:18:15 AM : Bulk Deals: over 8k shares of ONGC @ Rs1225 on the NSE (total deal value of Rs1.08 crore). 11 Jan 2010 10:17:31 AM : Bulk Deals: over 91k shares of BLUESTAR @ Rs396.50 on the BSE (total deal value of Rs3.64 crore). 11 Jan 2010 10:16:43 AM : Bulk Deals: over 49k shares of TRENT @ Rs845 on the NSE (total deal value of Rs4.21 crore). 11 Jan 2010 10:15:58 AM : Bulk Deals: over 1.98 lac shares of JPASSO @ Rs165.75 on the BSE (total deal value of Rs3.28 crore). 11 Jan 2010 10:14:33 AM : Bulk Deals: over 35k shares of L&T @ Rs1694 on the NSE (total deal value of Rs6.03 crore). 11 Jan 2010 10:13:45 AM : Bulk Deals: over 1.75 lac shares of ITC @ Rs258.05 on the BSE (total deal value of Rs4.52 crore). 11 Jan 2010 10:12:20 AM : Bulk Deals: over 2.92 lac shares of JPASSO @ Rs165.50 on the BSE (total deal value of Rs4.84 crore). 11 Jan 2010 10:11:29 AM : Hold SONAST (CMP: Rs22.75) with a target of Rs24-25, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:11:11 AM : Bulk Deals: over 25k shares of CCCL @ Rs435 on the BSE (total deal value of Rs1.08 crore). 11 Jan 2010 10:10:29 AM : Bulk Deals: over 99k shares of ZEEL @ Rs260 on the BSE (total deal value of Rs2.59 crore). 11 Jan 2010 10:09:09 AM : Owing to the strong global cues market opens gap-up, however loses some of its early gains. 11 Jan 2010 10:08:43 AM : Hold KARUTURI (CMP: Rs21.70) with a target of Rs26-29 and trailing stop loss of Rs19, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:07:31 AM : Hold RIL (CMP: Rs1090.50) with a target of Rs1250 and stop loss of Rs1030, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 10:06:32 AM : F&O Call, Buy NIFTY Future currently trading at 5276.20 with a target of 5380-5460, says Ashwani Gujral, Technical Analyst on CNBC Awaaz 11 Jan 2010 09:57:24 AM : L&T plans 6,500 Mw power generation capacity in 4 years. The stock is currently trading at Rs1695 up by 1.09% with a volume of over 27k shares on the BSE. 11 Jan 2010 09:55:11 AM : IFCI not looking at banking licence as of now. 11 Jan 2010 09:36:56 AM : Buy HDIL (CMP: Rs381.35) with a target of Rs456, says Hemant Thukral, Technical Analyst on CNBC TV 18 11 Jan 2010 09:35:43 AM : Buy RIL (CMP: Rs1093.50) with a target of Rs1120-1140, says Anu Jain of IIFL Private Wealth Management India Infoline on CNBC TV 18 11 Jan 2010 09:34:42 AM : F&O Call, Buy NIFTY Future currently trading at 5244.75 with a target of 5325, says Vijay Bhambhwani of BSPL India on CNBC TV 18

Buy SEL Manufacturing Company

Buy SEL manufacturing company. Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47 SEL manufacturing company are the manufacturers, exporters of all types of knitted garments. They have in house spinning, knitting, dyeing, Finishing and Garmenting to meet the demand of price conscious and quality conscious market. They do all types of knitted products. Their basic Products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc. They make 30-35 thousand garments daily. R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for Domestic Market. Over the year’s company grown to a Pioneer position in exports, supplying yarns, fabrics and garments to major markets in Russia and Middle East. At present Company have FOUR state of the art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning. Strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of Garments. Their group-wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions. With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company Ltd. has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton - yarn, fabrics and garments. Some of their prominent markets are: Taiwan Peru Tunisia Morocco Brazil Turkey Bangladesh Russia China Singapore Malasiya Sri Lanka Colombia Spain Egypt Switzerland Germany Syria Greece Gautemala Hongkong U.K. Indonesia Portugal Italy USA Phillipines Israel Korea Vietnam Lebanon Mauritius Dubai Argentina World Class Knitted Fabrics SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns. The Company is augmenting its Knitting capacity to 350 tones a month by procuring latest machines to meet the future requirements of garment capacity in-house To meet the challenges of ever growing demand for quality processed fabrics they are setting up a additional 6 tones / day dyeing capacity with mercerizing, open width with Stenter, capable to produce best quality knitted fabric for our growing in house consumption. Garmenting: State of the art Garment manufacturing facilities at 4 strategic locations makes SEL Manufacturing Company Ltd backed up by own spinning and knitting makes us Customer’s choice who looks for Large supplies and short lead time. At present they are producing 600,000 pcs per month.