FABULOUS-15 is 2.22% up when Nifty has given a negative close FAB15 managed to give gains as recovery in Midcap & Small cap stock were better than Index stock and till now result season has been satisfactory with 30% growth in sales and Net profit of 799 results available with Interest cost coming down by 8% supporting profitability while margins have come down. Results of FSL (FIRSTSOURCE SOULTION-ICICIBANK Company) & IFCI have been excellent in our list of 15stocks which will be watched. Increasing power cut has started to boost the Private power stocks and demand for Coal is pushing captive coal mine stock NEYVELI and GUJNRECOKE could see more action along with EMCO. Globally Markets are seeing pressure where China Market is near 7month low and EM-Emerging market equity are seeing selling pressure with exception of India and it doesn’t take much time for liquidity to run away, So 30% only we are invested balance in cash. Nifty failing to cross 5310 and closing below 5180 would worry me in the coming week.
| FABULOUS-15 TRACKER (Prices in Rs) | |||||
| Stock Name | Reco Price | CMP | Target | % Returns | Action |
| 3IINFOTECH | 87 | 74 | 118 | -15 | Hold |
| ADHUNIK MET | 110 | 126 | 152 | 15 | Hold |
| EKC | 156 | 121 | 189 | -22 | Hold |
| EMCO | 91 | 92 | 130 | 1 | Hold |
| GIC HOUSING | 92 | 95 | 150 | 3 | Hold |
| GLENMARK | 278 | 270 | 350 | -3 | Hold |
| GSPL | 98 | 95 | 125 | -3 | Hold |
| GUJ NRE COKE | 80 | 92 | 110 | 15 | Hold |
| IFCI | 54 | 53 | 75 | -2 | Hold |
| MRPL | 78 | 77 | 100 | -1 | Hold |
| NEYVELILIG | 152 | 152 | 196 | 0 | Hold |
| POWERGRID | 109 | 110 | 141 | 1 | Hold |
| SUZLON | 91 | 69 | 140 | -24 | Hold |
| JUBILANT | 325 | 340 | 430 | 5 | Hold |
| FSL | 30 | 31 | 38 | 3 | Hold |
| GREAVES COT | 286 | 338 | 352 | 18 | BP |
| SKUMAR | 41 | 49 | 70 | 20 | BP |
| ABG SHIP | 210 | 270 | 270 | 29 | BP |
| Total Returns (%) | | | | 2.22 | |
- http://www.firstsource.com and company has given an investor presentation http://www.firstsource.com/
FirstSourceCMS/UploadedFiles/ FSLInvestorPresentation_ Q4FY2010.pdf - http://www.3i-infotech.com/
content/index.aspx Financial results for the year ended March 31, 2010 http://www.3i-infotech.com/ showcase/financials/fy10/q4/ conq4fy10.pdf - Results @ glance Cement, Telecom and Capital goods results has been disappointing and 4Wheeler Auto stocks are feeling pressure as M&M cut price in one model and Hike in Raw material cost and muted sales growth could impact 4Wheeler Auto stocks. While Good Monsoon has had positive impact on Fertilizer stock and rise in Baltic Index could benefit select Shipping stocks if markets hold.
- Tata Motors has promised to deliver the first 100,000 standard or entry-level Nanos at a dealer price of Rs 1 lakh. Steel accounts for 50 per cent of a car’s weight and the prices have doubled http://www.business-standard.
com/india/storypage.php? autono=393503
News Update of FABULOUS-15
- Adhunik Metaliks eyes 70-80% revenue expansion in FY11 http://www.moneycontrol.com/
news/business/adhunik- metaliks-eyes-70-80-revenue- expansionfy11_453116.html - GIC Housing Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 10, 2010, inter alia, to consider, approve and take on record the audited financial results for the year ended March 31, 2010 and to consider the recommendation of Dividend, if any, for the year 2009-10. The company has maintained a payout of Rs 4/share in last two fiscal years.
- Glenmark Generics, a unit of Glenmark Pharmaceuticals Ltd said it has received U.S. FDA approval for Norethindrone tablets. Norethindrone tablets are oral contraceptives used for prevention of pregnancy, the company said in a statement. The tablets had annual sales of $38 million in the year 2009, it said.
- Glenmark Pharma launches anti-platelet drug in India http://www.myiris.com/
newsCentre/storyShow.php? fileR=20100429130142194&dir= 2010/04/29&secID=livenews - Gujarat NRE Coke has raised a total 5 billion rupees by selling 2.5 billion rupees each of debentures and warrants, a top company official told Reuters on Friday. The warrants have a strike price of 115 rupees and a face value of 5 rupees each, Kannnan said.
- IFCI Ltd said net profit rose by 71 per cent to Rs 243 crore for the quarter ended March 31, 2010, compared to the corresponding period last year. Total income rose to Rs 540 crore for the quarter ended March 31 from Rs 369 crore in the corresponding period last year, IFCI said. The board has proposed a dividend of Re 1 per share for the year ended March 31.
- Wind turbine manufacturer Suzlon said its European division has entered into a joint venture (JV) with Volkswind Bulgaria to accelerate company's growth into the Bulgarian wind energy market.
- Firstsource sees June qtr profit dip; FY11 margins up http://economictimes.
indiatimes.com/news/news-by- company/earnings/earnings- news/Firstsource-sees-June- qtr-profit-dip-FY11-margins- up/articleshow/5877574.cms - Private sector shipbuilder ABG Shipyard has sold around 6% stake in offshore and oilfield services firm Great Offshore, reports CNBC-TV18 quoting sources. In January, ABG Shipyard through a unit had acquired 5.7 million shares, or 15.2%, of Great Offshore Ltd via an open offer.
- Greaves Cotton said its net profit jumped two-folds at Rs 33.61 crore for the third quarter ended March 31, 2010, over the same period last year. Total income rose to Rs 358.01 crore for the quarter ended March 31, from Rs 240.56 crore in the same period previous fiscal, Greaves Cotton said. The board of directors has proposed a third interim dividend of Rs 2 per share for the financial year 2009-10.
- 3i INFO Net Profit fell to Rs 33.46Cr Vs Rs 282Cr but Net Sales rose to Rs 2448.5Cr from Rs 2285.6Cr
