Buy Kpit Cummins for a Target of Rs 144.00

Recommend Buy with 8-10 month target price of Rs 144 CMP Rs 113
Given that KPIT has exceeded our expectations in Q2 and the stock price is down nearly 17% since our last review, we
recommend Buy at current levels. Our 8-10 month target price based on 13x FY09E EPS of Rs11.1 is Rs 144 implying a
good upside of 28%.

Strong dollar revenue growth of 13.4% qoq was far ahead of our
expectations.
Growth continues to be driven by niche services offerings in the auto
electronics, semiconductor and business intelligence space.

Net profit up 11% qoq; management maintains guidance for the year.

Stock trading tip for 22nd oct 2007

Buy Jet Airways (JETAIR) CMP Rs 870. Target Rs 1045.
Potential upside 20%.

Buy Mercator Lines (MERLIN) CMP Rs 89.25 Target Rs 99.
Potential upside 20%.

Buy Transport Corporation of India (TRACOR) CMP Rs 119 Target Rs 155.
Potential upside 35%.

Buy Indo Rama Synthetics (INDRA) CMP Rs 56.65 Target Rs 73.
Potential upside 21%.

sensex Recover But still down by 350 points

The uncertainty in the market will continue until SEBI comes out with a clarification on October 25, says Gul Tekchandani, investment strategist, on NDTV Profit. This is not the right time to sell but to wait it out for long term gains as the fundamentals are still good for India.

Ranbaxy Laboratories is a good buy at corrections as it has a target price of Rs 530 for a long-term perspective, says a technical analyst on Zee Business. Fresh bookings can be made in this counter with a stop loss of Rs 375, he adds. The stock is currently trading at Rs 417, down 0.95% on the BSE.

Sensex Dips Further Down 580 points ( Sending Chills down the spine before winter)

Hindustan Construction should be bought on dips, says Ashu Kakkar, technical analyst, on NDTV Profit. It is a fundamentally good company and a long term investor should have no concerns in this counter, he says. Once Rs 210 is crossed, it will see higher levels at a faster pace. For short to medium term, Rs 130-140 is a good support, he adds. The Sensex is currently trading at 17,555, down 442 points and Nifty at 5205, down 145 points form the previous close.

Top Losers

+ Reliance Energy Ltd.	1,413.00	-11.21
+ Tata Power Co.	978.00	-9.34
+ Reliance Capital	1,508.90	-9.00
+ Union Bank of In	141.00	-8.53
+ Bharat Heavy Ele	2,019.00	-7.48

Top Gainers

+ Videsh Sanchar N	518.00	+5.68
+ Hexaware Technologie	116.50	+3.46
+ Guj. Gas Co. Ltd	312.60	+2.36
+ RelianceCommu.Ltd	727.90	+2.31
+ Finolex Cables	70.15	+2.18

MARKETS DOWN AS PRIME MINISTER RESIGNING RUMOR HITS

At 10.30 hrs IST, the Sensex is down 440.56 points or 2.45% at 17557.83, and the Nifty down 150.70 points or 2.82% at 5200.30. About 905 shares have advanced, 2076 shares declined, and 70 shares are unchanged.

Top gainers on the Sensex are Reliance Comm at Rs 728.90 up 2.45%, HDFC Bank at Rs 1,410 up 2.23% and TCS at Rs 1,140.70 up 1.95%.

Top losers on the Sensex are Reliance Energy at Rs 1,487 down 6.56%, BHEL at Rs 2,060 down 5.6% and Maruti Suzuki at Rs 1,090 down 5.11%.

Top gainers on the Nifty are Wipro at Rs 503.20 up 1.90%, Infosys at Rs 1,915 up 1.32% and HDFC Bank at Rs 1,406 up 1.28%.

Top losers on the Nifty are Tata Power at Rs 979.70 down 9.54%, Reliance Energy at Rs 1,468.90 down 7.69% and BHEL at Rs 2,068.80 down 5.45%.

Most active shares on NSE are Reliance at Rs 2,464 with 1,436,692 shares, Reliance Comm at Rs 712.90 with 3,923,061 shares and Reliance Energy at Rs 1,431 with 1,352,063 shares.

Stock trading tip for 19th oct 2007

Buy Reliance Industries around 2,583/- for a Target of 2900/- 3000/-

Mukesh Ambani-led Reliance Industries today posted a 27.9 per cent increase in net profit at Rs 3,837 crore for the second quarter ended September 30 as compared to Rs 3,000 crore in the year-ago period.

Total income jumped 6.72 per cent to Rs 32,211 crore during the quarter ended September 30 as against Rs 30,181 crore a year ago, the company informed the Bombay Stock Exchange.

Buy Siemens around 1650/- for a Target of 1900/- 2000/-

Buy Hindalco around 182/- for a Target of 210/- 215/-

Buy State bank of India (Sbi) around 1650/- for a Target of 1900/- 2000/-

Sensex Closes below 18000 points!!

The benchmark Sensex crashed by 717 points to close below the 18,000-point mark on panic selling by funds following rumours of uncertainty on the political front.

The Sensex, which had surged to a new peak at 19,198.66 at noon, tumbled on fag-end selling by funds and closed with a loss of 717.43 points at 17,998.39. It also touched the day's low of 17,771.16 points.

The selling pressure gathered momentum in the last 30-minutes of trading as some rumours about political developments pulled down the market on selling in blue chip stocks led by metal, capital goods and banking segment stocks.

Similarly, the second wide-based National Stock Exchange index Nifty tumbled by 208.30 points at 5351, after touching the day's low of 5269.65 and a high of 5736.80 points.

BUY RELPET (RPL) OCT FUTURES CMP 182.25 Target 187.5 and 191 StopLoss 177.1

BUY NEYLIG (NEYVELI LIGNITE) CMP 125 Target 135 and 141 StopLoss 118.1

We expect a positive opening for our markets after yesterdays sharp pullback. But, we expect some intra day upside resistance at 5650 levels in this pullback. Hence, we expect to close slightly positive for the day. We can see that the markets have closed very weak today at 5559 levels. We can also see on the daily charts that the market retracement of 23.6% from the 4485 lows made on 18/9/2007 to the 5708 highs made on 16/10/2007 is 5422 levels. As, we have experienced a bullish rally for our markets in the past few weeks ,we expect a likely retracement to 23.6% levels. Hence, we expect our markets to decline to 5400 levels in the near future.

MARKETS RECOVERY AFTER MORNING CRASH

Buy "TCS" for a target of 1250/-

Buy "TSIL" for a target of 300/-

The markets seem to be recovering after crashing in the morning on SEBI's P-Note proposals made yesterday. The Sensex is at 18,076, down 975 points and Nifty at 5351, down 316 points from the previous close. All BSE sectoral indices, but IT, are in the negative terrain. The BSE IT index is up 0.2%, thanks to Infosys (up 1%), Satyam (up 1.5%) and TCS (up 3.6%). The the rupee fell the most in two months, following the P-Note proposals made by SEBI

SENSEX CRASHES ! GOES DOWN 1500 POINTS

At 0956 hrs (IST), Sensex was down 1507 at 17544 and Nifty was down 524 points at 5143.

Analysts and market watchers say if markets go down 15 per cent before 1300 hrs (IST), there will be a two hour halt in the trading.

Moneycontrol.com reports markets opened with huge gap down and locked in the down circuit in the opening trade. This took place on account of proposed restrictions on participatory notes by the SEBI.

Broad based selling took place in the opening trade and the markets got locked in the down circuit.

Asian Markets are also trading weak in the morning segment.

Japan's Nikkei tumbled 1.05 per cent or 179.52 points at 16,958.40, Hong Kong's Hang Seng plunged 0.62 per centor 179.76 points at 28,774.79, South Korea's Seoul Composite was down 1.77 per cent or 35.43 points at 1,970.33, Singapore's Straits Times declined 0.78 per cent or 29.91 points at 3,780.81 and Taiwan's Taiwan Weighted fell 0.24 per cent or 22.55 points at 9,569.92.

US Stocks: The Dow Jones industrial average plunged 71.86 points, or 0.51 per cent, to 13,912.94, after falling more than 100 points earlier in the session. The Standard & Poor's 500 index fell 10.18 points, or 0.66 per cent, to 1,538.53, and the Nasdaq composite index dipped 16.14 points, or 0.58 per cent, to 2,763.91.

Stock trading tip for 17th oct 2007

Buy Allahabad Bank for a Target of 112-115 in One Week

Buy TTML for a Target of 49-50 in One Week.

The markets ended flat after a highly volatile session. It slips in the red but buying at lower levels pushes up the markets again. On every fall the buying creeps in again sustaining the markets at higher level. Sensex recovered over 250 points from the day's low and closed flat.

Power stocks were the star performers of the day. Tata Power up over 20%, followed by Power Grid, Neyville Lignite, Reliance Energy and NTPC.

Selling pressure was seen in IT, auto and oil & gas stocks. Cues from the global markets were not very encouraging today.

IDBI post its Q2 numbers was down 2.5%, its standalone NII at Rs 144.7 crore versus Rs 134.9 crore.

Most of the BSE key indices ended in red except bankex, consumer durable and realty index.

Top gainers on the indices were ICICI Bank, Reliance Energy and Siemens were among the top gainers.

Top losers on the indices were Infosys, HUL, M&M, Sun Pharma, Zee Ent and Nalco.

BSE Midcap and Smallcap outperformed the Sensex. BSE Midacap was up naerly 1% and Smallcap was up 0.5%.

Sensex was down 6.81 points or 0.04% at 19051.86, and the Nifty down 2.35 points or 0.04% at 5668.05.

About 1350 shares have advanced, 1627 shares declined, and 70 shares are unchanged.

The BSE Bankex was up 3% at 9,974.13. SBI, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved upwards.

The BSE Capital Goods Index was flat at 17,113.94. Thermax, SKF India, Bharat Elec, AIA Engineering, Astra Microwave, L&T closed lower.

The BSE Auto Index closed at 5,598.78 down 0.3%. Hind Motors,Ashok Leyland, Exide Industrie, Mah and Mah, Bajaj Auto closed lower.

The BSE Metal Index closed flat at 16,156.67. Sterlite Ind, JindalStainless, SAIL, JSW Steel closed lower.

The BSE FMCG Index closed at 2,135.93 down 1%. HUL, Dabur India, United Brewerie, ITC, Nestle closed lower

BSE Oil and Gas Index closed at 10,994.52 down 0.5%. Essar Oil, BPCL, ONGC, HPCL ended in red.

The BSE IT Index was down 1.8% at 4,629.09. Patni Computer,I-Flex Solution, Infosys, HCL Tech, Tech Mahindra
closed higher

The NSE cash turnover was at Rs 23289.02 crore and the NSE F&O turnover was at Rs 90751.74 crore. The BSE cash turnover was Rs 9766.82 crore. Total market wide turnover was at Rs 123807.58 crore.

Top Five Gainers & Losers in Stock market

Below is a list of Top Five Gainers & losers

Stock trading tip for Tuesday 16th oct 2007

Buy & Hold siemens for a Target of 1600/- - 1700/- in 2 Months.

Sensex closes above 19,000; Nifty above 5,600

t was an unbelievable run up in today's session with the momentum continuing in the markets and Sensex crossig the 19,000 level. It was a phenomenal day as Sensex saw the second highest single point day gain. Nifty did even better closing above 5650 levels. The ferrocity has been high and the gains were spread over broader markets as well. On Friday the markets took a breadther with Sensex dropping over 300 points but today it not only covered the loss but also went up scaling new peak.

Sensex was up 639.63 points or 3.47% at 19058.67, and the Nifty up 242.15 points or 4.46% at 5670.40.

About 2010 shares have advanced, 964 shares declined, and 73 shares are unchanged.

The BSE small cap Index closed at 9,311.97 up 2.4%.

The BSE Midcap Index ended at 7,716.91 up 2.5%.

BSE Metal Index was up 9.5%; SAIL up 16%, Sterlite up 15%, Tata Steel up 7.5%.

BSE Oil & Gas Index was up 4.8%; ONGC up 9.4%, GAIL up 9%.

The BSE FMCG Index closed at 2,156.65 up 1%. Bata India, United Spirits up 8% each followed by ITC, Colgate.

The BSE Capital Goods Index was up 3% at 17,119.70. Thermax,Punj Lloyd, Siemens, AIA Engineering Areva T&D, Jyoti Structure, L&T, Reliance Infra up over 5% each.

The BSE Auto Index closed at 5,613.37 up 2%. Maruti, Ashok Leyland, Tube Investments, Apollo Tyres, Hind Motors, Cummins, Escorts were among the gainers.

The BSE IT Index closed at 4,712.43 up 0.5%. Mphasis, Wipro, Patni Computer, HCL Tech, Satyam ended higher.

The BSE Bankex was up 4% at 9,706.81. Axis Bank up 9%, Yes Bank, Kotak Mahindra, Karnataka Bank, SBI, HDFC Bank, Bank of Baroda closed higher.

The NSE cash turnover was at Rs 19592.17 crore and the NSE F&O turnover was at Rs 76830.02 crore. The BSE cash turnover was Rs 10391.09 crore. Total market wide turnover was at Rs 106813.28 crore

Buy Punj llyod for a target of 400/- in 2 months

Stock trading tip for Monday 15th oct 2007 Buy this share for a target of 250-270 in 2 months time