Saturday, March 27, 2010
Saturday, March 20, 2010
Mumbai Techno-Fundamental Training Seminar
Friday, March 19, 2010
- OnMobile is one of the largest white labeled Data and Value Added Services [VAS] companies for Mobile, Landline and Media Service Providers. OnMobile’s 360° approach offers the entire product line across all mobile access channels like Voice, SMS, WAP, USSD, On-Device Portal & Web. The current product suite includes Ringback Tones 2.0,Voice, Wap, Sms, Ussd Portals, On-Device Portal & Handset Clients, Mobile Marketing, Media Portals & Interactive Tv, 3G Applications & Vas, Say & Search, Phone Backup, Phonebook 2.0 & Anti-Theft.
- Call rates are down to 1 paisa per second and now Telcos may concentrate more on Value Added Services (VAS) to increase margins, ONMOBILE is an experienced player in VAS segment.
- 3G Auction is scheduled to begin on April 9th and already top Telcos have submitted their bids. ONMOBILE's presence in 3G application space would benefit immensely after 3G connectivity starts.
- Mobile phone market has exploded with entry of new players like KARBONN, LAVA, INQ, LEMON and many more which are flooding the market with cheaper choices and make mobile handsets more affordable for those who can't buy expensive handsets. This would improve demand for softwares such as Anti-Theft and Backup.
The stock has consolidated between 415 and 357 for the last one month and a breakout above Rs 410 would take it higher towards Rs 450/490 also. Buy as investment.
Saturday, March 13, 2010
Thursday, March 11, 2010
Ore loading stopped at Joda East mines.
The order, also promulgating Sec 144 Cr PC, has stopped iron ore loading at the company's Joda East mines, with the result iron movement from the mines to the Jamshedpur plant has remained suspended for the past few days. If the present situation continues, the production at the Jamshedpur plant will be hit, according to company sources.
Tata Steel's Joda East mines on an average load four rakes of iron ore a day, accounting for 40 per cent of the Jamshedpur plant's daily requirement of 10 rakes. An attempt has been made to step up loading at neighbouring Noamundi mines also belonging to the Tata Steel. But the increased loading at Noamundi, it is felt, will not be enough to cover the shortfall. “After all, it is not a switch-on/switch-off kind of thing,” observe sources.
What is particularly causing concern is the not-so-comfortable iron ore stock at the plant. For about a month now, the South Eastern Railway (SER), for whatever reasons, loaded less iron ore to a rake – 3,600 tonnes on an average against the earlier 4,400 tonnes. As a result, the same number of rakes, though moved into the plant, carried much less quantity.
SER had promised to clear the backlog but the promise, it appears, is unlikely to materialise as SER's own loading in Banspani /Jarauli areas too has been hit.
“There is nothing illegal about our mining at Joda East, as the mines are our own, siding is our own and we produce entirely for our captive consumption and we're open to all inspection and verification by any government agency,” says Tata Steel sources.
“But the problem is that those who implement government orders do not differentiate between chalk and cheese”.
Tata Steel, it was informed, had already taken up the matter with the appropriate authorities at every level, both at the Centre and Orissa, but with little success so far.
However, senior officials at the Mines Ministry said they were not aware of the issue and that the Tatas have not approached them as yet.
Meanwhile, the Orissa Government's order has also hit hard SER, which loads eight to 10 rakes of ore every day at Banspani and Jarauli.
“We're trying to make up the shortfall by stepping up loading at other locations such as Barbil, Barajamda and a few other places but the present situation, if persists, will affect our throughput,” a spokesman of SER told Business Line.
Iron ore is the single largest item of traffic for SER, accounting for 65 per cent of the total. Till February, SER loaded 70.26 million tonnes of iron ore out of the total traffic of 115.34 mt.
(Source: Business Line) http://www.
Monday, March 08, 2010
Nifty has closed positive (+166 points) at 5088 positive close 4th week in a row and biggest weekly gain in 2010, crossing major resistance of 5070 which is 61.8% correction of high of 2010 (5310) to low of 2010 (4675). Nifty can go towards 5205-5240 if it can sustain 5020 this week on a sustainable basis, post Budget rally this is the 2nd time in last 10 budgets and as many didn’t have any expectation on the budget no negative has become positive and government holding on to its stand on petrol & diesel price hike has given hope that government is serious about reforms very positive going forward. FIIs have made a net investment of Rs 4,334 crore in the first week of March, taking their total inflow to Rs 5,051 crore or USD 1.11 billion so far this year. Investors brace up for three public offerings this week, NMDC -- the country's largest iron ore producer -- is coming out with its FPO of over 33 crore shares or 8.38% stake. The issue opens on March 10 and closes on March 12. DQ Entertainment (International) Ltd opens today Another IPO from textile manufacturer Pradip Overseas will open on March 11. BALTIC DRY INDEX which indicates global freight movement has risen 3.9% yesterday to close @3242 and it has risen more than 24% from its lows around 2566 seen in mid-February. Shipping stocks has seen some rally and Shipping Corporation can be good pick @ these levels for 5-6% rally
Supp 5020/4960/4885 Res 5130/5190/5260
Tuesday, March 02, 2010
The stock has taken support around Rs 66 in recent market correction and now it is forming Inverse Head & Shoulders formation. Above Rs 79 the stock would break out and we can see Rs 87-89 as short-term target on this stock. The stock has started trading above all major moving averages which is one more sign of strength.
Previous posting on GUJ NRE COKE:- http://tanmaygopal.blogspot.com/2010/01/coal-black-diamond-india-is-3rd-largest.html