stock observatory - india ** updated (2010.02.09) pm

8/14/2019 Stock Observatory - India ** updated (2010.02.09) PM

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Starting from 11-Jan-2010 updated 09-Feb-2010 PM (Please visit blog for latest information)

Readers, (Latest post on top)

We are starting a new series Indian Stock Observatory from 11-Jan-2010. This will be meant

for short term traders and also for long term traders who may wish to cash their gains or lossesdue to subsequent events. We would try to pick up stocks based on last 7 days movements, newsor other policy related developments.

We would not write more than 4 lines, similar to Kabirs Chopai. This is why we have sub titled itKalidas Chopai. We will make a standard format with first line being a header that containsStock name (in brief), date, time and headline. Last item will be on top.

The headlines will be time based no sorting. At month end, they will be consolidated and kept inhtml (searchable) or PDF format. We will also database it in FileMaker program. We will figure outways to publish this database on web so that it becomes searchable criteria on line. If it is

achieved, other html/PDF format will be discontinued.

The comment box is open but we will NOT reply. It will be only one way street. The reason beingthat day to day movement depends on hosts of factors, previous days Dow, current days Asianperformance ahead of India, currency market movements etc. In short, use our comments on ASIS WHERE IS basis. It will be updated twice a day.

There are no guarantees either. Consult your professional adviser, broker or banks before actingon our Chopai. Do it at your own risk. We are sure that this will prove to be as popular with thereaders as Confused Mind Clear Answers series. Good luck. - Kalidas (Anil Selarka)


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Stock Observatory by Kalidas Updated Daily twice Check the editions - Page 2 of 17

2009 Anil Selarka (also known as Kalidas), Hong KongGeneral permission is granted to all bona fide newspapers, magazines, research institution, stock brokers, banks and

Investment banks subject to acknowledgement and reference to this source.

Update Tuesday, February 09, 2010 (PM)

Notable

Events

The attention is diverted away from US troubles to Europe. Strategyhas been designed to destroy Euro and European Union. The playershave been recruited as they did in Asian Crisis. Hedge funds, so far thebiggest losers, have been hired. Financial Times report that the big

players and hedge funds have invested over $ 8 billions in shortingEuro on CME (Chicago Mercantile Exchange) and OTC market . If thismargin amount, then Contract value could be 30 times or 240billions. Do not take my statement Actual numbers unknown.

Derivatives are not dead yet they are on rise again. AIG, whosuffered most, makes major appointment for some one from oldbrokerage firms for derivative section.

Watch out UBS major non-US Bank that might be used to destroyEuro. The rumors about its losing banking license in USA strong, fornot complying with US Laws. It could be bankrupted. All British bankswill stupidly join US in forcing UBS to extreme. Watch out for CDS on

this bank as guide. When the time is ripe, it would be bankrupted,sending $ higher and crashing Euro.

If $ becomes stronger, the rupee will falter helping soft techcompanies.

Gold and Silver may correct downwards IF US succeeds in its design. Itis a big IF. Even then, we take this position in these metals. Because USis not omnipotent. In paper (currency) war, anything may happen.

One

Liner

1. Buy Shree Ashtha Vinayak (21.90) from today in 2 lots on different date2. Buy Some Ruchi Infrastructure (Rs. 49.70)3. Our other stocks remain on buy list no change in target.4. Avoid metal and mining stocks. Metal & ore prices are on decline.

Chopai None today

Other

Advices

Use strength in the market to lighten up. The stocks may fall even if $ rises.Currency volatility is biggest enemy of the markets. Still, devote 15% ofmoney to equity now.

Proceed to next page for older daily entries.


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Updates:Monday, February 08, 2010 (No editions on 5Feb to 7Feb due to holidays)

Pure Gold in murky PoliticsWhy PIGGS are attacked?Of late, there are attempts to denigrate 5 European nations for their so called Budget Deficit andhigh debt level relative to GDP. PIIGS = Portugal, Ireland, Italy, Greece and Spain. They (US and UKMedia) use this slur, similar to pig or Suvvarin Hindi. Why so much of hatred for these nations?

GOLD, my friend, GOLD. Look at the following chart that represent the extent of gold held relativeto total Forex reserve by these very nations:

Look at them. It will also give you idea which nation will be the next on downgrade or slur.

1. Portugal holds - over 80% of Forex reserve in Gold2. Italy holds - 65% of its reserve in Gold3. Greece holds - nearly 70% of its Forex reserve in Gold4. Spain holds - 38% of its reserve in Gold5. Ireland - Number not available

My book Sub Prime Resolved (Chapter 14 on Gold Where is McKennas Gold?) proves beyonddoubt that US has lost over 80% of its gold (about 6297 tons valued at todays price US$ 225billions) in covert shorting or hedging operations over the years which will never come back. Soignore their holding. Americans do not even know that their national wealth has been stolen bytheir politicians.

Now, the Question arises why US and its affiliate players like US Banks, Rating agencies are afterthe above countries, projecting them as very near to debt default level? Why? What is thepurpose?

The Reason is US wants to buy back the lost Gold as soon as possible before this gold scam isknown to the American public. By squeezing the nose of these European countries, US appears toforce them sell gold (so that its affiliates could buy back or cover the short position) against


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worthless dollar printed in trillions by the gang of Bernanke/Paulson/Geithner with the seal ofapproval from President Bush and President Barack Obama. In short, US wants these PIIGS toreplace their gold reserve with paper currency Dollar which is worthless at the moment.

What a politic? Will these countries sell gold to oblige USA I do not know. They do not know theulterior motive of the Uncle Sam. And what the organizations like World Gold Council is doing?

The big cat United States walks stealthily without any one taking notice (except this Kalidas).They want to get hold of shorted gold and in return of billions of dollars floating around, havingbeen printed by FED and Treasury. These Fed and Treasury officials are acting like Conman.There is no difference between Bernanke/Geithner and Madoff now confined to jail.

The European Union and its central bank European Central Bank are just nave or almost stupid.They are still sleeping like Kumbhakarna (a mammoth demon, brother of King Ravana of SriLanka in Indian mythology who was enormous sleeper, waking up only when the drums were beaten

up to awaken him).

These Europeans need visual and hearing aid. They do not know how to protect their own house

and family members. One fine day they will see that their European Union has crumbled, and Eurowill be sold like a cigarette carton box, in reminiscence of Hitler days. The British are simplyjoining Americans in dress rehearsal of Iraq war, now widely debated in the parliamentarycommittee broadcast live on BBC. Why such farce is repeated on and on?

Intelligent Idiots they are.

Kalidas, Hong KongFebruary 8, 2010 PM

Note: Please proceed to next page for previous posting.


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Updates:Thursday, February 04, 2010Focus on Indian ADR for multiplier returnBetter opportunities exist on ADR front. They can be bought by NRI Investors in USA, UK andother financial centers such as Hong Kong, Singapore, Japan and Australia. If India permits thebuying of securities (Under RBIs remittance facilities), then Indian investors will be benefitted onthree counts as under:

1. Some ADRs are available at discount to Indian bourse prices (check with Equitymaster.comand make as regular visit on daily basis)2. ADRs may subject to premium or discount. When the scrip is in demand, the ADR can

develop premium on upside. For instance, WIPRO is traded at 45% premium. Thus, if stocklike TATA MOTORS is trading at marginal discount, and its low end nano car becomepopular in USA, its ADR will develop premium from 10% to 30%, giving above average gainthan Indian investors.

3. ADRs have conversion ratio from 1:1 to 1: 4 or more. E.g. MTNL has ratio of 1:2. Thiscompany, with ZERO debt and large cash holding, has vowed to expand in Saudi Arabia andAfrica. With interest cost nil and potential income on upside in 2 or 3 years, this stock couldpropel very high on 2 to 3 years basis. In that case, the ADR, not trading at 3% discount

could develop premium up to 15% to 25%. The present price of MTNL is attractive.4. ADR also enable one to sell the stock forward in hedging operation. One can sell only one

contract (= 100 shares) whereas in India, one has to sell over 3000 to 5000 shares underone stock option contract. The cost is also very cheap abroad just $ 2.50 per contract orabout.

5. If Rupee rises, the value in terms of $ will also rise. Therefore, if the stock rises by 50%,Rupee rises by 10% and premium develops by 15% (against 3% discount for MTNL), thegain in ADR could be 75%

6. It can work in reverse gear also.7. One can short ADR and keep short position open for 12 months continuously. Supposing

you go long (BUY) cheap stocks like MTNL, Satyam and Tata Motors, and short Wipro ADR,

trading at 40% premium, and if the market crashes, the stocks like Wipro trading atpremium will lose the premium fast. If rupee rises, it can also affect Wipro. In short one cango long, buy/sell calls/puts, even for small sizes, and hedge his position.

Stock: MTNL Symbol: MTE CMP:$3.10 Ref: 10-ISO-025 Thursday, February 04, 2010Kalidas observes: MTNL best Telco stock with Zero debt at bargain with huge gain potentialMany ignore MTNL, but it is world's best stock to own. Stock at Rs 72; Zero debt; Book Value Rs 192;and free cash of Rs 104 (50% more than stock itself - Total debt free capital of $ 2.6 billions. ADR = 2local shares; Seeking huge expansion in S Arabia and Africa, the underfed telecom market. Quadrupleengine for growth. only 63 cr shares o/s. Med/Long term Lo/Hi 6/83 years (M=Months)

Stock: TataMotors- ADR Symbol: TTM CMP: $15.76 Ref: 10-ISO-024 Thursday, Feb 04, 2010 PMKalidas observes: Indian ADR better than local. Buy TATA MOTORS ADR for better gains..Tata Motors is third choice as ADR trading at 5% premium. With its plan to market nano and nowJaguar in US, brand name visibility may increase, resulting in more demand for ADR. Premium maydevelop to 30%. Indian business solid CV, HV trucks and car solid performer. Wide roads, ports set thestage for expansion for 3 years. Lo/Hi $18/20


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Stock: Satyam - ADR Symbol: SAY CMP: $5.10 Ref: 10-ISO-023 Thursday, Feb 04, 2010Kalidas observes: Satyam - more attractive as ADR than local share in India...We are bullish on Satyam. However, we found its ADR more attractive for 3 reasons - Price,Premium and Rupee. ADR Ratio 1:2; Prem +16%. Our Target in 6MO 180 ~240 or $10~13.3 inADR terms expecting Prem 25% and Rupee rate 45. Medium Term $10.50 8MO and $36 in 3 yearsPROVIDED there is no merger between Tech Mahindra and the company. Follow ST because

merger decision by Aug10. The stock may move sideways in July end due to account finalization

Turn to next page for previous days post..


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Updates: Wednesday, February 03, 2010

US CHINA CONUNDRUM

US Does not like Chinas attitude in not buying $ T Bills and its action of selling instead. Visit of President Obama and Tim Geithner to China has now failed officially. US is preparing ground/excuse for military confrontation with China due to dollar debacle.

It is trying to find what China dislikes. US does exactly same to instigate China into militaryactions of some sort.

o US First salvo at China Arm sales to Taiwan. Expectation - China will react. Result China did.

o Second Salvo: Spread rumor China bubble to explode. Properties, banks, inflationetcetera

o Third Act: Meet Dalai Lama in White House. What is the motive? Save Dollar. If China takes military action of even smallest dimension, US will impose economic

sanction. Chinas strong response will pave the way for US to freeze $ 800 billions intreasury in the name of economic sanction. When China does not have dollar to sell, theselling pressure could disappear overnight for several months. Dollar ($) could stabilize or

even move higher. Properties in China, Hong Kong, Macau and Taiwan could collapse in such scenario and US

analysts will say we told you so. However, Chinese are different breed of animals. They have learnt a lot from Chairman

Mao, Ziang Jamin, Li Pang and other wily presidents. Under such circumstances, and ifChina is really smart, it will start selling dollar before taking military actions againstTaiwan. In fact, it may not take action at all but resume verbal rhetoric.

It has happened before. When Saddam Hussein of Iraq, furious at US freezing his $ 1.8billions in the name of economic sanctions, started quoting Oil prices in Euro. US wasshocked and attacked Iraq in the name of Weapons of Mass Destruction (WMD) that werenever found.

US is also trying to use GREECE to attack Euro so that dollar remain strong. In Asian Crisis,it used Thailand to attack first to prevent Asian funds from being diverted to Euro at thetime of its birth in 1999.

US like corrupt nations, because it can have its own way. Instead of telling others to buydollar, it is telling them Dont Buy Euro they have problems in Greece so as to causepeople buy dollar as alternative choice.

Europeans are stupid not to anticipate US moves. If Greece decides to leave EU, morenations could follow. This is why we never liked EURO. We have always said that withoutPolitical union, there can never be Monetary union.

With commodities falling (hurting Can$ and Au$), Euro teetering on edge due to GREECEand prospect of Chinese Yuan hurting, GBP (British Pound), despite all problemssurrounding the nation, will have cause and only alternative choice to rise. We have alwayssaid that only the currency of English speaking country could replace dollar.

Did anyone hear about GREECE except in the pre-historic days of Alexander and Cleopetra?Similarly no one heard of Afghanistan until President Bush decided on search and destroymission to find Osama. Instead, he succeeded in finding Obama as his replacement in WhiteHouse.


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And lo, if China and Europe fall, India could prosper in world wide trade. When the skirtsand bikinis disappear, the Sarees are best choice to clothe the naked on water front andbeaches around the world.

Serious currency wars are going to be major feature in second quarter of 2010. BEWARE

One Liner .Wednesday, February 03, 2010for NRI/Overseas Investors

With rupee rising, ADRs more profitable for NRI and Overseas funds. MTNL (ADR- MTE) $3.10 Premium 3% more profitable Accumulate Satyam (ADR SAY) $5.10 Premium 15% better than local. In rising market, the premium

develops fast and strong rupee adds its value. Tata Motors (ADR TTM) $ 15.6 Discount 0.5%. Attractive as ADR than local

SELL/SHORT WIPRO (ADR WIT) $ 20.7 (Premium 45%) and Swap to Satyam (SAY) $5.10

For Domestic investors

Hindustan Lever at Rs 239 coming within our buy range. Ideal entry 210 Moderate 230 Continue selling Metal and mining stocks with demand falling, rising rupee, they lose

more SOE refiners still better value. All retirees should start buying them IOC, MRPL, BPCL. HPCL

in that order. Buy private refiners as second choice Mid Cap such as Spicejet, UCO, DishTV, IFCI to rise more from tomorrow for 2 or 3 days.US China tension may escalate. Read US-China conundrum in the box

WITHDRAWN- Shree Ashta Vinayak write up is withdrawn due to material discrepency with

regard to shareholding pattern noticed. Kindly do not act on it. It is withdrawn until clearpicture is known

Updates.. Tuesday, February 02, 2010 AM

Stock: M Satyam Symbol: Satyamcomp.ns CMP: 101.90 Ref: 10-ISO-022 Tuesday, Feb 02, 2010Kalidas observes: Satyam is up and running again, poised for great height medium term

Satyam executive mentioned revenue Rs 4500 to 7000 crores, recalled 2000 old staff, in additionto 500 employed recently. Business must be good. Old head count reduced from 53K to 30K,Consider 25% profit margin, lower employee cost & 67 crores shares, EPS could be Rs 30. PE 3.3.Account to finalize in June, merger ruled out till Aug, Accumulate. Lo/Hi 121/180


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Updates: Monday, February 01, 2010 AM

One Liner:

1. The market may open lower, but gain after 2 hours to close on plus side2. It is time to shop good scrips: UCO Bank, IFCI, Spicejet, Satyam, some hotel stocks3. Airlines/Hotels are brother sisters. Since Airlines fare better, focus on key hotel stocks4. Auto sector is another focus keep it under watch list5. Again, oil producers, metals, mining will be on medium term decline. Avoid or cash them6. SOE refiners are still better; Refining margin up. IOC, MRPL within Buy range7. Umpteen cooking gas supply to reduce use of Kerosene, helping Refiners avoid subsidy.

Stock: UCOBANK Symbol: UCOBANK.ns CMP: 60.10 Ref: 10-ISO-021 Monday, Feb 01, 2010 AMKalidas observes: Gem in PSU Bank stock ...UCO is just a buy short/medium/long term

We issued buy at Rs 41, now reiterate again at 60.10. Its earning solid, deposit, loan growth highdouble digits, NPA on decline and the management simply too good. Best in banking stock. EPSmay grow to Rs 17 by YE31.03.2010 and may grow to over Rs 30 < 2 years. Stock rose on hugevolume on Friday closing at day high. Strong Buy regardless of market. lo/hi 73/83


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Updates (25-Jan-2010) PMStock: DishTV Symbol: DISHTV.ns CMP: 44.50 Ref: 10-ISO-020 Monday, Jan 25, 2010Kalidas observes: DishTV on right Track to profitability by 4Q2010 solid performanceMany sent me news release that Dish lost money. It was expected. Read our report on 11Jan, Reef:002 (scroll down). The absolute loss is due to higher than normal depreciation. Strong sales;operating profit. May be profitable by 4Q09-10 instead of 1Q2010-11. See our comments ConfusedMind Clear Answers Jan 2010 for more. Target 80/92, 4 months

Updates: (25-Jan-2010) PMStock: Spicejet Symbol: SPICEJET.bo 58.20 CMP: 58.25 Ref: 10-ISO-019 Monday, Jan 25, 2010Kalidas observes: Spicejet reports first profitable quarter convincingly; Future StarSpicejet reported stunning $108 cr profit on 24 Crores shares o/s, QEPS at Rs 4.5, Revenue rose43%. Expected profits for FYE 2011- about Rs 20/shr. The company is up on all cylinders.Regardless of bad market, the stock target is LoHi 80/92 (


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Stock: Spicejet Symbol: 500285.bo CMP: 54.80 Ref: 10-ISO-018 Thursday, Jan 21, 2010Kalidas observes: Spicejet up on strong volume . May rise soon and better result expectedSpicejet, our old favorite, is now on second leg of its rally. This jetliner may become profitable onceit crosses Rs 2000 crores by FYE 03/2010. Oil prices to decline, higher rupee lower ATF.Passenger traffic higher, Company may earn Rs 2.50 by year end. 2010-11 may be +60%. TargetLoHi 63/71 < 1 month. Recovery play. Medium term 92


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Stock: IOC Symbol: IOC.ns CMP: 325.10 Ref: 10-ISO-017 Tuesday, January 19, 2010Kalidas observes: Indian Oil Corporation (IOC) most valuable stock to own ST/MT/LT

Oil prices having peaked may develop downtrend. Good for refiners. IOC, largest SOE Refiner, hassales Rs 307,000 crores (FYE 2009) . Stock is trading at


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Stock: TataTele Symbol: TTML.ns CMP:29.95 Ref: 10-ISO-013 Friday, Jan15, 2010 AMKalidas observes: Tata Tele gains on rotational switch into Telecom sector..

TTML is a sleeping dog stock. Swap to other stocks suggested only a day back, but FII funds havestarted wetting into Telecom sector. Stock up 6%; Volume 600%. Buy back or buy small to gain inthis rally. We do not expect rise > Rs 36 to 39. Safe to enter with limited downside. Buy onmorning dip (28.85?) caused by old holders. ST Target LoHi 36/39. Downside 3%

Stock:Balaji Telfilm Symbol:BALAJITELE CMP: 65. Ref: 10-ISO-012 Thursday, Jan 14, 2010 - PMKalidas observes: Balaji Telefilm convulsing to go higher, may rise fast.After consolidation around 60, the stock is stronger and convulsing to go higher. Its businessappears improving with more serials coming to the market.. Good value for competent peoplemanaging its business. Volume>1 Million may result in strong and fast gain. Risk less, . Rewardmore. Go long on entertainment industry. ST Target LoHi 75/92

Stock: Mah Satyam: Symbol: SATYAMCOMP.ns CMP: 119.30 Ref: 10-ISO-011 Thursday, Jan 14,2010 AMKalidas observes: Satyam on Roll now.. strong buying, perhaps from FII Bearish phase over.

Satyam, suggested in past from 92 to 104, is now on roll after long consolidation. The stock is upon strong volume. Looks like FII are buying - Rupee higher because of FII inflow finding way intoMid cap stocks. A large trade of 10 Mln shares block shown at 120.05 in morning. The counter maywitness strong upward move after 11 AM. Ride the rally, and buy 30% more if you are holdingsome at lower level. ST Target Lo/Hi 156/181 with about 8% downside at 119.3

MKT INDIA: NSE/BSE/MCX DOG WATCH Date 2010.01.14 AM

DISH TV is on strong rise today. Up nearly 5% on strong volume.Its upward trend is clearly established. Only other day we gave

our Buy call. Still a trading and Med term Buy. PETRONET is on strong rise with 5% gain from day low on

moderately strong volume of 3.8 Mln shares. It may rise stronglyon even higher volume in next few sessions. Sell GSPL (ondowntrend) and Swap to Petronet (on uptrend) It is poised toovertake GSPL for years to come.

IFCI corrected more than expected. Closed up on very heavy volume from day low ofRs 52 to close at 54.85 (6%). Just buy it - will go to our expected level soon. Scrolldown to IFCI comments for more information.

Stock: Storeone Symbol: STOREONE.ns CMP: 43.45 Ref: 10-010 Thursday, Jan14, 2010 AMKalidas observes: STOREONE gallops. Good for aggressive investors - not for salary earnersFormerly IB Retail, and Piramal Group. Not so strong fundamentals but it is market makers stock.Up 20% - upper circuit - no reasons in less than millions shares. Employees got the options


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Stock: Evinix Symbol: EVINIX.ns CMP: 5.25 Ref: 10-ISO-009 Thursday, Jan 14, 2010 AMKalidas observes: Evinix will outperform market by yards .Trade actively, retain someNever heard this name. Me neither until one reader asked for my opinion when the stock at 3.20.Good company. In retail. Cheap stock with good growth. Study its financial for regular follow upand trading. Rose strongly by 60% in last few sessions, but % look higher due to low base. Watchto buy in correction. Entry Point 4.80/4.35/3.85. Expect 30% to 100% < 6 months. Volatile yetsafe stock.

Stock: Dev Credit Bank Symbol: DCB.ns CMP: 39.40 Ref: 10-ISO-008 Thursday, Jan14, 2010 AMKalidas observes: Development Credit Bank runs amuck with strong gains and volumeDCB was suggested about a month ago below 35 level. It needs Rs 300 crores of which Rs 84crores (from Rs 100 crores - undersubscribed) raised via QIP. Bal Rs 200 crores reserved forpublic issue. May come soon. The stock is jacked up to price the FPO higher. There will be PUMPand DUMP strategy. The stock rose 9% on 10 times volume. May drop 3% in morning and thenmove higher. Pick up


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Stock: Reliance Comm. Symbol: RCOM.NS CMP: 178.95 Ref: 10-ISO-007Tuesday, Jan 12, 2010Kalidas observes: Reliance Communication is convulsing to go higher... (PM Post)RCOM has consolidated enough for last 20 days. The volume is moderate with upward bias. Thesellers are thinned out at this level. It may take 2 to 3 days for the stock to break out of the range.Major buying signal will be when the stock crosses 7 Mln share volume or >186 closing one day.Buy some now and more in momentum in 2 or 3 days. Target Lo/Hi 221/245 < 2 months.(Afternoon Post)

Stock: ABHISHEK IND Symbol: ABHISHEKINDS.NS CMP: 18.0 Ref: 10-ISO-006Tuesday, Jan 12,2010 AMKalidas observes: Abhishek on its first trial run.. Volume quadruples. Solid rise

Our report 6Nov09 when the stock was at 14.60 estimated rise to 21 within 6 months - we are injust 2nd month and the counter saw huge volume rise with solid gains. Last few sessions werepointing higher price. May be good numbers are expected on 3QDec09. Solid small value stockswith large revenues. May dip 3% in morning due to sudden rise, L/H 23/29


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Stock: ESSAR Ship Symbol: ESSARSHIP CMP: 84.30 Ref: 10-ISO-004Tuesday, Jan 12, 2010Kalidas observes: Essar Shipping trending upwards strongly...After long period of consolidation near 66 the stock is on strong upward move. Its short termfundamentals are not that good as the long term one. However, this is a sucker stock. Thecompany's shipping business, mainly transportation of oil in tankers will do well. The stock is avery fast mover in the past. Its move >80 on strong volume indicates at further stops at 92, 108and 120. Tricky yet rewarding

Stock: Reliance (RIL) Symbol: RELIANCE.NS CMP: Ref: 10-ISO-003 Monday, Jan 11, 2010 PMKalidas observes: Something ominous happening in Reliance Industries Ltd.The stock dropped by 1.3% in heaviest volume seen recently - On NSE alone, over 44 Millionshares recorded at this time (12:15 PM IST), that is, huge Rs 4,400 crores or nearly $ 1 billion. BSEnot counted. Something is going on. Is it the political fall out of YSR death or some major derivativelosses, we do not know. But it will be financial. If this hippo falls, Sensex/Nifty will suffer most.Reduce Reliance

Stock: DISHTV Symbol: DISHTV.NS CMP: 42.20 Ref: 10-ISO-002Monday, Jan 11, 2010Kalidas observes: Bearish phase to end soon - may be profitable by 4Q March 10After successful raising of capital, company has reduced interest cost by 80%. The companyturned profitable before depreciation in 2Q Sep09. 3Q Dec09 should be better than 2Q. Thecompany may turn profitable by latest by 1Q Jun10. These could be last bearish days for Dish TV.Position now. ST Target low/high 48/60 three Months (except in market crash)

Stock: DISHTV Symbol: DISHTV.NS CMP: 42.20 Ref: 10-IS-002 Monday, Jan 11, 2010Kalidas observes: Bearish phase to end soon - may be profitable by 4Q March 10After successful raising of capital, company has reduced interest cost by 80%. The companyturned profitable before depreciation in 2Q Sep09. 3Q Dec09 should be better than 2Q. Thecompany may turn profitable by latest by 1Q Jun10. These could be last bearish days for Dish TV.Position now. ST Target low/high 48/60 three Months (except in market crash)

Stock: IFCI Ltd. Symbol: IFCI.NS CMP:56.90 Ref: 10-ISO-001 Monday, Jan 11, 2010Kalidas observes: IFCI Reports good numbers - Company on growth path again

Company reported Q3 2009-10 Net Profit after Tax of Rs 136.30 crores, QEPS 1.84. The real EPSwill be higher. For June and Dec quarter, the company provided for taxes at 48% and 43.7%whereas actual Tax will be 28% to 29%. The stock corrected by 4% from Friday peak of Rs 59.95.

The stock may resume its growth path after initial pull back in first 30 minutes. ST low/hightarget Rs 68/73

Kalidas (Anil Selarka)Hong Kong, 18-Jan-2010

Personal Blog: http://anilselarka.comBook Web : http://www.subprimeresolved.com


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Investment banks subject to acknowledgement and reference to this source

About the Author:Anil Selarka (screen name: Kalidas) is Author of path breakingbook SUB PRIME RESOLVED a Bible for the CompleteEconomic Recovery of the United States of America which isperhaps the only book that offers complete solution to thecurrent financial crisis. In fact, this book is a BLACK BOX forthe US Administration. If they carefully go through this book,

they will know what really happened, how it happened and howto resolve the crisis step by step, issue by issue. Read the ravereviews of the book from the readers. A reader exclaimed thatIt is a book of the Century.

stock observatory - india ** updated (2010.02.09) pm

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