Good Stocks available at Low Prices

With market at very high level and with a 7% fall in the market its the time to find out stocks which will give the sure shot return from these levels and the downside in these stocks remains very slim unless a heavy selloff comes in the market of around 10%.

Return in these stocks looks very good of 10-15% in very short time as from a week to ten days.

1. Escorts [ cmp- 92.85 first target 103 second 112
2. Ansal Properties [ cmp- 251.75 first target 277 second 294 ]
3. WWIL [ cmp- 55.10 first target 65 second 76 ]
4. Easun Reyrolle [ cmp- 233.55 first target 260 second 300 ]
5. Ansal Buildwell [ cmp- 79.25 first target 87 second 96 ]

The cmp is on todays closing at BSE.

Buy these stocks and wait for the gain of 7-12% if it comes in a day or a week then book your profits and enter again at lower levels.

Oil prices retreat from record New York high

World oil prices fell on Thursday, 2 August, a day after New York hit a record high $78.77 a barrel on news of sliding American crude reserves and as traders looked to recovering US refinery output.

New York’s main futures contract, light sweet crude for delivery in September, fell 68 cents to $75.85 a barrel in electronic deals before the start of US floor trading.
The contract had surged to $78.77 on Wednesday after the US Department of Energy (DoE) said crude stockpiles sank 6.5 million barrels in the week ended 27 July.

That was almost six times more than market expectations for a fall of 1.13 million barrels, and sparked concern over tight global energy supplies, traders said.
In London on Thursday, the price of Brent North Sea crude for September delivery slid 65 cents to $74.70 a barrel in electronic trade.

“The overall decline can be mainly explained by the latest data showing an increase in refinery throughput levels in the US, which eased fears of insufficient product supplies,” said analysts at Vienna’s PVM Oil Associates.

The DoE had also revealed Wednesday that US refinery utilisation rates rose to 93.6 percent in the week to 27 July — their highest level in 11 months.

The increase in refinery rates was initially overlooked by investors, who saw the much larger than expected drop in crude reserves as heralding a new record in New York.
However, they soon switched focus to the rise in refining rates that resulted in an increase in both US gasoline (petrol) and distillates stockpiles.

Despite Thursday’s losses, prices remain underpinned by low US crude stocks, geopolitical tensions, risks to supply from the North Atlantic hurricane season and OPEC’s seeming reluctance to increase output, analysts said.

“Increasing (US) crude oil demand and decreasing imports outstripped the market consensus,” added Societe Generale analysts of the US stocks report.
The New York record also sparked another call from the International Energy Agency for oil producers’ grouping OPEC to increase its production.

OPEC members, who supply about 40 percent of the world’s crude, insist that recent gains in prices are not due to tight supply.

The Organisation of the Petroleum Exporting Countries has resisted previous IEA calls to pump more crude to keep oil prices down. The next OPEC meeting is scheduled for September 11 in Vienna.

This week’s all-time high in New York topped the previous record of $78.40 set on 13 July, 2006 amid violence between Israel and Lebanon.

Barclays, Citi, Lehman eye IFCI stake

Citigroup, Lehman Brothers, BNP Paribas, Deutsche Bank and Barclays are interested in buying a 26% stake in India’s IFCI Ltd.

The board of the Indian state-run financial institution will meet on 4August to start the process of inviting bids which is expected to be completed in six months.
The company has valued itself at Rs70 per share, citing industry sources. That would value the company at almost Rs45 billion.

“We will go by the process and select competitively priced bids, even though there is tremendous interest from domestic and foreign parties,” an IFCI official told the media on 1August.

Sources told Reuters in April that IFCI was seeking to raise as much as $250 million by seling up to 26% to a foreign investor.
IFCI said in July its board had approved a proposal to invite bids from strategic investors. It had appointed Ernst & Young as adviser earlier this year.

There were reports that mentioned that IFCI had delayed the sale process because it wanted to first build a robust business model.

The interest from foreign investors comes after IFCI improved its financial position and the federal government said it would inject Rs13 billion into the firm in 2007/08. ( source- HT Mint )

1 हैंडसेट और 2 मोबाइल नंबर

मोबाइल फोन की दुनिया में जबर्दस्त धमाका हुआ है। वैल्यू ऐडेड सर्विस से संबंधित इस धमाके ने ड्यूअल मोड फोन के जरिये दस्तक दी है। ड्यूअल मोड फोन बोले तो एक मोबाइल फोन में एक साथ 2 कनेक्शन। यूं कहें कि एक हैंडसेट में एक साथ 2 सिम कार्ड का इस्तेमाल करना अब मुमकिन हो गया है। मोबाइल फोन बनाने वाली कंपनी स्पाइस ने बुधवार को ऐसे 2 हैंडसेट मार्केट में पेश कर दिए। सूत्रों का कहना है कि टाटा टेलिसर्विसेज ने भी ऐसे हैंडसेट मुहैया कराने की तैयारी कर ली है। टाटा
काफी जल्द इसका औपचारिक ऐलान करेगी। टाटा के ड्यूअल मोड हैंडसेट को सैमसंग ने तैयार किया है।

ड्यूअल मोड मोबाइल फोन

इसकी खासियत यह है कि इसमें 2 तरह के सिम कार्ड का इस्तेमाल किया जा सकता है। दोनों सिम कार्ड जीएसएम के हो सकते हैं या फिर एक सिम जीएसएम और दूसरा सीडीएमए का हो सकता है। स्पाइस ने डी 88 और डी 80 नाम के 2 हैंडसेट लॉन्च किए हैं। डी 88 में एक सिम कार्ड सीडीएमए का लगेगा और दूसरा जीएसएम का। डी 80 में दोनों सिम जीएसएम के लगेंगे। इस तरह एक ही फोन में दो मोबाइल नंबरों का इस्तेमाल किया जा सकता है।

सूत्रों के मुताबिक टाटा टेलिसर्विसेज के ड्यूअल मोड मोबाइल फोन में भी 2 सिम कार्ड का इस्तेमाल किया जा सकेगा। इनमें एक तो टाटा का सीडीएमए सिम कार्ड होगा और दूसरा जीएसएम कार्ड। पर इस हैंडसेट में एक साथ दोनों नंबर काम नहीं कर पाएंगे। इसमें एक सिम को निकालकर दूसरा सिम डालने पर ही दूसरा नंबर काम करेगा।

दोहरा फायदा

एक अनुमान के मुताबिक देश के करीब 8 फीसदी टेलिकॉम सब्सक्राइबर्स 2 मोबाइल नंबरों का इस्तेमाल करते हैं। जाहिर तौर पर इसके लिए उन्हें 2 हैंडसेट रखने पड़ते हैं। आमदनी और लोगों की जरूरतें बढ़ने की वजह से आने वाले दिनों में ऐसे सब्सक्राइबर्स की संख्या तेजी से बढ़ने वाली है। मोबाइल हैंडसेट बनाने वाली कंपनियों की नजर इसी बाजार पर है। ड्यूअल मोड फोन का सबसे बड़ा फायदा यह है कि यह कंस्यूमर के दूसरे हैंडसेट रखने या खरीदने की मजबूरी को पूरी तरह खत्म कर देता है।

Govt mulls raising FDI cap in PSU refineries

The Government is examining the option of raising the foreign direct investment (FDI) cap in public sector refineries from the existing 26 per cent. Sources said this may come as part of the FDI review process currently being undertaken, which is likely to be finalised around September.

The move to take a policy view on easing the FDI limit for PSU refineries comes in the wake of the recent Government decision to allow steel baron Mr L.N. Mittal’s group to pick up 49 per cent stake in Hindustan Petroleum Corporation Ltd’s Bhatinda refinery. Under the current norms, 100 per FDI is permitted through automatic route for private refining companies, but for the public sector companies only up to 26 per cent is allowed. Thus, Mittal’s proposal had required a Foreign Investment Promotion Board’s (FIPB) approval.

The Petroleum Ministry had favoured a relaxation in the FDI cap for all PSUs. However, in the absence of any policy, the Government had cleared the Mittal proposal as a standalone case. Sources said 49 per cent is the highest slab beyond which the private partner anyway would have a majority stake.

SBI may cut rates on deposits

State Bank of India may soon be cutting interest rates on its deposits. An official said the bank had discontinued its Platinum Scheme, which was offering 9.25 per cent on deposits of one to three years. Another scheme offering 9.5 per cent interest for four to five year deposits will be discontinued in August.

The SBI official said the cut in deposit rates could in due course be extended across deposits of all maturities.

Cost of deposits in the first quarter of 2006-07 increased to 5.35 per cent in (4.63 per cent), while the yield on advances rose to 9.80 per cent (8.48 per cent).
The Current Account Savings Account ratio to total deposits has fallen to 41.06 per cent (42.67 per cent) due to higher mobilisation of term deposits, said a statement.

Net Non-Performing Assets (NPA) ratio declined to 1.84 per cent (1.62 per cent). The bank has, however, made higher provisioning of Rs 506.32 crore against Rs 173.82 crore in the previous year. “NPAs are going up in absolute terms and while we required to provide Rs 306 crore for provisioning, the additional Rs 200 crore was just a prudent measure,” said the SBI official The capital adequacy ratio stands at 13.13 per cent (11.97 per cent).

SBI net jumps 78.5% in Q1

Spurred by higher interest income, the State Bank of India has reported a 78.55 per cent growth in net profit at Rs 1,425.81 crore in the first quarter of 2006-07, against Rs 798.57 crore in the year-ago period.

“Higher interest income on advances as well as other income has contributed to the robust growth in net profit. The gain has been from the growth of the loan book and the reduction of overheads,” said a senior SBI official.

Total income increased 27.8 per cent to Rs 12,229 crore, from Rs 9,566 crore.
Interest income on advances was 46.25 per cent higher at Rs 7,988 crore, against Rs 5,462.35 crore.
Gross advances grew 29 per cent to Rs 3,44,087 crore (Rs 2,66,963 crore).
Deposits jumped 19 per cent to Rs 4,49,660 crore (Rs 3,77,742 crore).

The official said that the strong growth in advances was driven by a 30 per cent jump in loans to mid-sized corporates, 25 per cent increase in international loans and 29 per cent growth in loans to agriculture.

The net interest margin fell slightly to 3.31 per cent (3.37) due to the mark-up in the cash reserve ratio.