Sunday 2 December 2012

MARKET NEWS FOR THE WEEK AHEAD

* Geodesic to buy back upto 25% of its equity at a maximum of Rs.75 per share. Scrip saw a good rally last week and may rise 10-15% further to make a new high.
* The coal ministry will de-allocate four coal blocks given to 15 firms of which Monnet Ispat is one. Hence its share price has crashed. Good time to start accumulating the scrip.
* Share of Kavveri Telecom has been consistently falling since the approval of merger of the Kavveri Telecom Infra with itself. At the market cap of Rs.175 crore it’s worth a punt.
* Kemrock Industries has created history as its share price has crashed to one-tenth in just 4 months! Aggressive investors can buy and hold it as high-risk, high return stock. The management may surrender to a bigger player.
* Morganite Crucible is the only MNC share that has not participated in the rally and is expected to bounce back with a vengeance and touch Rs.600 mark in the medium-to-long-term on its likely EPS of Rs.40-45 in FY13.
* Kovai Medical is set to post an EPS of Rs.15-18 in FY13 and Rs.20-24 in FY14 backed by a major expansion of Rs.217 cr. The share is heading towards double century.
* De Nora counter has attracted sizeable investment buying. With a likely EPS of Rs.30 in CY12, this MNC share is likely to touch R s300 mark shortly.
* RSWM expected to register an EPS of Rs.25 in FY13 and the share is likely to touch the Rs.140 mark.
* Some foreign funds have evinced interest in Mannapuram Finance. The share trading at a P/E multiple of 4.5 is expected to touch the Rs.50 mark soon.
* A technical analyst states that Amrit Corporation, Elnet Techno, Lakshmi Energy & Foods (Lakshmi Overseas) and Priya Ltd. may prove to be multi-baggers of 2013.

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