Fortis Health Care Ltd Looks Promising

Fortis Health care Ltd looks promising at current price of Rs 101.60, this script has a potential to reach Rs 160.00 in couple months. Keep a Stop loss at Rs 89.00

Hospital chain Fortis Healthcare on Tuesday said that the acquisition of ten hospitals from rival Wockhardt Hospitals for Rs 909 crore announced recently, will be completed by December and will start contributing to the financials from the next quarter.

Fortis` net profit grew 23% to Rs 13 crore for the second quarter ended September over the year ago period, driven by higher revenues from its larger hospitals. The company`s revenues rose 21% to Rs 1,905 crore from Rs 1,580 crore in the corresponding quarter last fiscal.

Various initiatives and new medical programs launched by the company will provide better results in the coming quarters, Fortis said in a statement

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Six Hot Stocks This Week

Here are the stocks that are making news these days, has potential to give 20 to 30% gain in coming weeks.

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Sr No	Scripts	Recommended Rate (INR)	Target Rate (INR)
1	ABG Shipyard	213.00	330.00
2	Kirloskar Electric Company Ltd	85.25	99.00
3	Mukand Ltd	53.30	70.00
4	Amtek India Ltd	54.20	69.00
5	Su-Raj Diamonds & Jewellery Ltd.	49.95	65.00
6	Praj Industries Ltd	97.70	155.00

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20 plus stocks earned more than 25% gain in less than 2 months

Here are the details on how our recent stock recommendations are performing. Buy and sell stocks with confidence from our stock recommendations

Sr No	Scripts	Recomm. Date	Recomm Rate (INR)	As On date	Rate (INR)
1	Welspun Gujarat	21/08/09	212.40	20/10/09	287.55
2	Dena Bank	02/10/09	65.95	20/10/09	79.90
3	IDFC	24/07/09	130.80	20/10/09	162.50
4	Bank Of Rajasthan	28/09/09	80.65	20/10/09	93.85
5	GSPL	28/09/09	77.70	21/10/09	89.60
6	Binani Cement	30/08/09	60.95	03/09/09	71.50
7	Essar Shipping	30/08/09	65.90	29/09/09	76.35
8	NITCO Ltd	30/08/09	63.10	22/09/09	73.00
9	Rantamani Metals	23/08/09	81.65	16/09/09	117.50
10	Hanung Toys	24/07/09	70.35	21/10/09	122.65
11	Resurgere Mines	23/08/09	79	08/09/09	126.35
12	Jindal Stainless Ltd.	23/08/09	76.40	06/10/09	118.60
13	Usha Martin Ltd.	23/08/09	52.10	15/09/09	80.30.60
14	Deep Industries	23/08/09	52.10	15/09/09	80.30.60

Below are Stocks performance from last time.

Sr No	Scripts	Recomm. Date	Recomm Rate (INR)	As On date	Rate (INR)
1	Welspun Gujarat	21/08/09	212.40	20/10/09	287.55
2	Kalindee	21/04/09	110	24/06/09	234.70
3	Usha Martin Ltd	21/08/09	52.10	09/09/09	71.95
4	Nu Tek India	07/08/09	54.10	09/09/09	81.25
5	P B A Infra.	07/08/09	58.05	08/09/09	84.00
6	Sakthi Sugars	07/08/09	71.60	03/09/09	100.80
7	Hitachi Home	07/08/09	78.35	01/09/09	103.30
8	Shyam Telecom	24/07/09	63.35	09/09/09	74.00
9	GIPCO	24/07/09	85.45	31/08/09	122.70
10	Hanung Toys	24/07/09	70.35	08/09/09	89.50

Which Stocks To Buy? Free Expert Recommendations

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IT stocks declined as rupee surged against the dollar

IT stocks declined as rupee surged against the dollar. A stronger rupee negatively impacts operating margins of IT firms as the sector earns a lion's share of revenue from exports. India's largest software services exporter TCS lost 3.32%. The company will pursue larger deals and leverage its full service offerings, its newly appointed chief executive and managing director N. Chandrasekaran said early this week. But, India's third largest software services exporter Wipro fell 1.58%

India's second largest software services exporter Infosys Technologies fell 2.36%. Given the improved business conditions and stability in global financial markets, analysts expect Infosys management to revise earnings guidance for the year ending March 2010 (FY 2010) when the company announces Q2 results on Friday, 9 October 2009. At the time of announcing Q1 June 2009 results in July 2009, Infosys projected EPS of between Rs 94.59 to Rs 96 for FY 2010, a decline of between 8.2% to 9.6%.

IT stocks extended losses after IT bellwether Infosys said strengthening rupee was a big concern for its earnings. IT stocks had surged in early trade on good Q2 September 2009 results from IT bellwether Infosys announced before trading hours.

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Bihar Tubes commissions the first phase of its Hosur project

Bihar Tubes, believing in its numerous strategic strengths and ability to lead industry matrix, successfully commissioned the first phase of its state-of-the-art manufacturing facility at Hosur in Tamil Nadu. This greenfield project spread across 24 acres has the ability to produce 2,00,000 MT ERW Black pipe, galvanized pipes, hollow sections and structural tubes per annum of ½” to 12” outer diameter and up to 10 mm wall thickness. This mega project will enable company to penetrate in to the promising southern Indian market.

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Stock Tip - Buy Gitanjali Gems Ltd @120.35

Buy Gitanjali Gems Ltd. at INR 120.35, it has potential to reach INR 185.00 near term. You may want to have stop loss at INR 103.00.

Happy

Trading

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Top 6 pick of the Week

Here are the stocks that are making news these days, has potential to give 20 to 30% gain in coming weeks.

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Sr No	Scripts	Recommended Rate (INR)	Target Rate (INR)
1	Accel Frontline Ltd	52.45	66.00
2	UCO Bank	54.80	69.00
3	Dena Bank	65.95	83.00
4	Royal Orchid Hotels Ltd.	70.30	88.00
5	Tanla Solutions Ltd	71.60	90
6	Dalmia Cement (Bharat) Ltd	183.35	275.00

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How should traders and investors position themselves in terms of stocks and sectors?

The Indian equity markets seem to be taking a breather. Even as the Nifty appears reluctant to breach the 5,000 mark conclusively — a similar resistance was seen recently at the 4,700 levels — what is the next move: consolidation at current levels, a correction or further upside from these levels? More importantly, how should traders and investors position themselves in terms of stocks and sectors?

Considering the current market conditions, below are some of the stock we would like to recommend. Invest wisely.

Sr No	Scripts	Recommended Rate (INR)	Target Rate (INR)
1	Kolte Patil Developers Ltd.	51.15	64.00
2	Gujarat State Petronet Ltd	77.70	98.00
3	Bank of Rajasthan Ltd	80.65	101.00
4	Mangalore Refinery & Petrochemicals Ltd.	85.65	108.00

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50 Cash Rich Companies

What is cash rich company?

Cash and bank balances indicate the amount of cash that a company has on its books at a specific point in time. The position of cash and bank balances net of debt is one of the indicators of financial strength and liquidity of the company. Cash and bank balances include balance with bank, term deposit with banks and cash in hand/others.

Importance of cash rich company

Analysts suggest that a cash rich company is a sign of financial strength while a small cash position is a possible caution or warning sign. The cash rich companies have an edge over cash strapped companies as cash can be used to fund operations and acquisitions, to buyback shares and to repay debt. It also helps the company to survive in torrid times of recession. A dark side of cash rich company is that too large of a cash position can often signal waste of funds as the funds are placed idle or produce very modest return.

Data Coverage

We have taken all the listed companies on the Bombay Stock Exchange. We have taken only those companies whose cash value net of debt is greater than Rs 300 crore and sorted the top 50. We have not taken the investment value into consideration since some companies have invested in government bonds or group companies.

Interestingly, 8 companies out of top 10 cash rich companies by value were PSU companies.

* All figures (Rs in Cr) Source: Capitaline

Company	Investments	Cash and	Total	Net	Market
		Bank Bal.	Debt	Cash	Cap
BHEL	6	10329	167	10163	111713
SAIL	37	18486	8666	9820	73108
NMDC	72	9740	-	9740	144910
Infosys	-	9695	-	9695	137855
M T N L	465	4803	-	4803	5868
Rajesh Exports	385	5537	1951	3587	2066
Natl. Aluminium	896	2869	-	2869	23440
MMTC	399	6022	3209	2814	168240
Hind.Zinc	6929	2719	9	2710	34645
Bharat Electron	-	2658	2	2656	11450
Cairn India	171	6527	4356	2171	49854
TCS	1614	2698	563	2135	117598
Engineers India	151	1921	-	1921	6326
Container Corpn	168	1767	49	1718	14742
Oracle Fin.Serv.	1	1549	-	1549	15173
Sun Pharma.	1859	1669	179	1490	24953
Hind. Unilever	288	1864	434	1430	58484
Siemens	245	1322	11	1311	18836
Neyveli Lignite	722	5482	4210	1272	22909
Maruti Suzuki	3277	1987	759	1228	47938
ITC	2507	1318	187	1132	88101
Eicher Motors	6	1260	166	1094	1527
PTC India	533	1052	20	1032	2597
Edelweiss Cap.	270	1721	762	959	3387
HCL Technologies	1377	1011	55	956	22947
Glaxosmit Pharma	730	957	6	951	12694
Bosch	867	1071	264	806	13153
Lak. Mach. Works	104	627	-	627	1766
Hinduja Global	1	665	87	578	1038
India Infoline	315	627	52	575	4248
Ambuja Cem.	328	852	289	563	15192
Pfizer	1	544	-	544	2492
Motil.Oswal.Fin.	49	543	0	543	2444
Tech Mahindra	435	538	-	538	11108
Ingersoll-Rand	0	515	-	515	1038
ACC	517	991	482	509	15905
Aventis Pharma	5	497	-	497	3405
GlaxoSmith C H L	-	471	-	471	4867
Apar Inds.	0	611	161	450	497
Anant Raj Inds	309	626	210	416	4295
Hind.Copper	-	529	113	415	21132
JM Financial	603	525	134	391	3203
Thermax	144	373	4	369	6642
Alstom Projects	-	368	1	367	3820
Indiabulls Sec.	52	462	112	350	1348
A B B	61	348	0	348	16987
Bajaj Finserv	6595	642	311	331	4271
Heidelberg Cem.	0	338	10	328	1015
Dredging Corpn	30	332	6	326	1409
Info Edg.(India)	18	322	0	322	1914

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