Now What!!

I think all of my stock idea did very well today. Even cements went up when market had fall. As of now i suggest book profit/loss and for close. If market closes below 13200 today one can see selling pressure to continue. Also inflation data for next week likely to be way below expectation. Let us see where we end at the end of the day.

I had clearly mentioned yesterday we are going up to close the gap that has been created by sensex when we were below 13000. Same thing was said in BRICS daily here is their quote "
The Sensex was able to maintain above 12800 the crucial trend decider and
the support of its range bound move between 12800 and 14726. For now,
13200 is resistance, above 13200 it is likely to move up to 13298(Nifty 3874);
there is a crucial resistance at 13298 to 13408 existing due to the falling gap
of the Sensex. Only a strong trade above 13408(Nifty 3908) would be positive
on the daily chart, else the bias would continue to remain negative." So unless we close above 13420, I dont see any reason for BULLS to be back in action!! Till that time I hold my view to Sensex range of 10k to 12k. Now only time can proove.

Intraday 02-03-07.

A close above 13400 would be very bullish note for next week. Let us see where we can end.

Buy:

Aptech,

Cinemax,

GACL(Important.),

KESORAM Ind (Important.),

NCL Ind,

IFCI,

Gammon,

MNM,

ONGC,

UTV.

Also invest other 20% more at current price to your investment portfolio all cement stocks which i was very bullish even yesterday. And add 10% more of ONGC alone in your portfolio.

F&O cement can be added.

Please note that my id on yahoo has been changed to investmentpark@yahoo.com

Regards,
Bhavin Mehta.

Cement Hike just As Said.

Cement companies are paying higher excise from Thursday, so they have passed on the extra cost to the consumer.Prices have gone up by Rs 12-15 a bag and cement dealers say that they are likely to increase by another Rs 5-10 very soon.Quite clearly, the Finance Minister's tax signal to cement companies that they should cut prices hasn't worked at all.In fact repeated attempts by the government to curb cement prices haven't had any concrete results.Governmnet intervention"A few months ago my colleague, the ministry of industry called the cement industry and said why are they pushing up cement prices. They promised to co-operate, but there has been none and I did caution at a meeting, not to push up prices just because there was room to do that," said P Chidambaram.Cement manufacturers say that when the market is willing to pay a higher price, the government has no business intervening.However, the government's concern right now is tackling inflation and if cement prices come in the way, it could take even stronger action.

Inflating Stocks!!

The World Equity Markers tumbled on slowing growth and inflation fears.

The Equity Markets have become too speculative, with wild movements becoming the norm of the day. Traders (speculators) can loose money very quickly.

Recently, the commodity markets have tumbled 30 to 40% within 1 month. More than a few large Hedge Funds have gone bankrupt, loosing 40 to 60% of their speculative portfolio value, (within 1 month), with losses amounting to over USD 5 Billion to individual funds.

There is a very large exposure of Hedge Funds to International Equity markets also. Similar collapse could be repeated in the International Equity markets, with “hot money” being flushed out of the equity market system.

This will also throw up opportunity for the astute.

Gold continues to shine and this will remain a good hedge against inflation, the falling value of the Dollar and rise in oil prices. Investing in Gold ETF (Exchange Traded Funds) is recommended.

India: Annual Budget was just awful. It will accelerate inflation in India. India’s true potential continues to remain unexplored. Yet another year lost. We are governed pencil pushing bureaucrats, with little understanding of the globally competitive environment.

MYSTERY OF ID BANNING.

It has been confirmed that Yahoo is banning id of those who are mass messaging as they consider this as a SPAM so from now on I wont send any messages to anyone through yahoo unless they reply or ask for special news. As this will ensure my id being kept for longer period. In last three months yahoo banned my 4 ids thats enough!! From now on all messages will be given on my website only.

Regards,
Bhavin Mehta.

Enjoy!!

Anyone who has gone through my file wold have been just happy. Here is what i quoted "
ABOVE SHEET IS PREPARED WHEN SENSEX HAS LOST MORE THEN 8.80% AFTER GIVING INITIAL SELL CALL ON INDEX.
INVESTORS WHO BUY IN ABOVE COUNTERS SHOULD BUY WITH THEIR OWN RISK. THESE ARE JUST MY VIEWS.
AS OF NOW IT IS ADVICED TO BUY ONLY 20% OF THE INVESTMENT YOU PLAN TO INVEST IN ABOVE SCRIPTS.
SENSEX CAN BOUNCE BACK TO CLOSE THE GAP THAT HAS BEEN CREATED BETWEEN 13300 AND 13400.
SENSEX WILL TURN COMPLETELY BULLISH ONLY AFTER IT CLOSES ABOVE 14300,
TILL THAT TIME TREND REMAINS DOWN. HOWEVER AS SEEN FROM ABOVE MANY STOCKS ARE AT SUPPORT AND HAS FAIR CHANCE OF BOUNCE BACK."

For some of the stocks i also mentioned "
ALL ABOVE COUNTERS SEEMS FUNDAMENTALLY STRONG AND ONE CAN BUY ALL ABOVE COUNTERS
FOR GOOD GAINS.
OVER LONG TERM THIS COUNTER DON’T NEED S.L. HOWEVER TECHNICAL STUDY IS DONE TO GET THE
BEST EQUITY RETURN BY TIMING THE MARKET "

Again Yahoo ID Deactivated.

My id mehtastock1@yahoo.co.in & mehtastock@yahoo.co.in again locked by yahoo!!

When I try to see and recover my password this message shows up:

Recovering Your Password, mehtastock1
Sorry, this account is not recoverable
Your account has been flagged or deactivated by Customer Care.
You can continue to try to access your account, visit Password Help, or contact Customer Care.

Whats up now with YAHOO!!!!

Intraday 01-03-07.

Expect a volatile session but likely to end with BEARS ruling. However chances of pullback are high. So one should buy at lower levels. If we dont see any pullback by tomorrow it could mean a move towards 12000 levels guaranteed. America ended with only mild recovery and Asia moving down. So lets see what happens. One can download file from here Click HERE

Budget 2007.

Here are the few key takeaways on Budget 2007-08 from Ambit Capital, Ambit RSM, E&Y and CNBCTV-18.



Takeaways on Budget 2007-08



Ambit Capital



· Agri investment to go up by +2% of GDP

· Irrigation focus to benefit Kirloskar Bros

· Education thrust to benefit paper & stationery cos; +ve for BILT, Navneet , Camlin

· Rural thrust to benefit Infra, Irri, Power;+ve for IVRCL, Jain Irrigation

· Education sector focus to benefit NIIT, Aptech, Educomp & Prithvi Info

· Rural focus will benefit SBI, PNB, BOI for agri advances

· Immunisation prog +ve for Wockhardt, Panacea Biotech

· Farm sector focus +ve for tractor cos - M&M, Punjab tractors, Escorts

· Agri focus +ve for Monsanto, Rallis, Bayer Crop, JK Agritech

· Irrigation thrust to benefit Jain Irri, Finolex pipes

· APDRP +ve for Jyoti, KEC Int'l, Kalptaru

· Ultra Mega Power Projects +ve for BHEL, Alstom, Siemens, ABB

· UMPP also +ve for PFC

· Increased outlay to NHDP +ve for L&T, Gammon, HCC

· CBM projs benefits Shiv Vani, ONGC

· TUF extension to benefit textile sector

· Higher tourism allocation to benefit Hotels, Pvt. Airports

· More branches for RRBs Positive for PSU Banks

· Short selling allowed for inst will improve liquidity in the mkts

· Higher defence exp to benefit BEL, BEML, L&T, Dynamatic Tech, AstraMicro

· Increased focus on PPP to benefit construction cos

· E-governance thrust benefits Vakrangee, 3i Infotech, TCS

· Rural telephony to benefit Rel Com, Bharti Airtel

· Fiscal deficit of 3.3% to ease pressure on interest rates

· Reduction of peak import duties to benefit Capital goods cos

· Customs on man-made fibre reduced from 16 to 8%

· TUF continuation to benefit textiles, +ve for SRF

· RSM: concession rate of 5% to all research units

· CVD on aircrafts incl helicops negative for Global Vectra, Air Deccan, SpiceJet

· RSM: no change in service tax rate

· Excise duty on petrol & diesel reduced, +ve for Oil Mktg Cos & economy in general

· Excise duty on footwear reduced, +ve for Bata, Liberty, Mirza Tanners

· RSM: Excise on cigarettes increased by 5%

· RSM: service tax exemption increased to 8,00,000

· ITC to marginally impacted by excise hike

· Service tax net widened, includes individual PMS services

· RSM Infrastructure status for Gas Pipeline & Storage Facilities & Navigation schemes

· Section 80 IA benefit extended to ppeline cos, very +ve for PSL, JSAW, Man Industries, GAIL, GSPL, IGL

· Diamond Mfg & trd deemed income taxation introduced

· RSM: Benign assessment procedure for gems industry

· Hotel & Conventions centres to get tax benefit

· Tax holiday for new hotels, +ve for Parsvnath, Anant Raj

· MAT introduction negative for software cos

· MAT levy on exempt Dividend & Cap Gain income for corporates

· Cap Gains Exemption for NHAI & REC bonds to continue

· Increase in dividend distribution tax -ve for corporates/MFs

· FBT exemption for Free Samples; to benefit corporates

· ESOP SUBJECT TO FBT

· Corporate Headline Tax Rate 33.99%

· Additional education cess of 1% to hit corporate earnings

· ATF exemption on smaller aircrafts to benefit Air Deccan

· Budget -ve for IT & Cement cos

· RSM: Tax deduction for housing projects not extended

· Housing Companies Exemption lapses

· Budget +ve for pipeline cos, cap goods, oil mktg cos, infra, FMCG & textiles

· Service tax exemption on clinical trials, +ve for DRL, Ranbaxy

· RSM: service tax on commercial rentals

· SEZ benefit restricted to new units; trf of exst bus not eligible





Ambit RSM



· Higher Defence Allocation; + ve Ashok Leyland, Tata Motors

· Dredgers exempt from import duty- Dredging Corp to gain

· Custom reduced on medical equipment to 7.5%

· Ad valorem on petrol down from 8% to 6%

· Excise duty exemption for water purified devices; +ve for Ion Exchange

· Increase in specific rate of excise duty on tobacco by 5%

· Asset Management service under service tax net

· New services - commercial renting of immovable property, asset management services

· Clinical trial of new drugs exempt from service tax

· Mediclaim deduction increased to Rs 15000

· Surcharge reduced for SME with less than 1 crore income

· Corporate Tax Rate Unchanged

· Surcharge removed on all cos with taxable income less than Rs 1 crore

· Senior citizen threshold limit increased to Rs 195000

· Venture Cap Funds benefit limited to Bio, IT Nano technology, select pharma, Dairy and poultry, Tourism sectors

· Art covered under capital gains

· FBT on free samples exempt

· Service Tax on Commercial Rental -ve for Retailers / Malls





E&Y



· Immunisation programme to promote Pharma industry

· Higher outlay for seed procurement to benefit agri-based companies

· Coffee, rubber to get similar fund benefits as tea industry

· Rs 1800 cr allocated to NABARD +ve for banks

· Rural bonds worth 5000 cr to be issued will be eligible for tax exemption

· Higher outlay for seed procurement to benefit agri-based cos- monsanto,syngenta

· Agri focus with a view to increase production is a measure to curb inflation

· Focus on road construction to benefit cement cos

· Technology upgradation scheme to continue - handlooms to be covered

· Increased Allocation for textile parks to boost Garment and textile cos

· Retail sector in sports may get a boost on account of commonwealth games

· Tourism and Hotel sector to also benefit from Commonwealth games

· Higher VAT growth will reduce subsidy burden on Central Govt

· Interstate purchase to become less costly due to reduction in CST

· Reduction in rate step towards phasing out of CST

· Peak rates reduced from 12.5% to 10% for non-agri products

· Textile raw materials import duty cut

· Gem & jewellery sector to benefit from reduction in duties

· General rate on medical equipments reduced to 7.5%

· Medical equipment duty cut to benefit the Hospital sector

· No change in CENVAT & service tax rates

· Excise duty on petrol & deisel reduced from 8% to 6%

· Reduction in duty on petro products - Measure to curb inflation

· All types of food mixes exempted from excise

· Reduction in excise duty on biscuits/packed foods to benefit SSI:E&Y

· SSI excise exemption increased to Rs 1.5 crores

· Service tax minimum taxable slab increased from Rs 4 to 8 lakh

· Clinical Trial Industry to get boost - Cost of providing services lower by 12.24%

· Export of services rules undergo changes. May simplify the export definition

· Individual tax payers to pay less tax by Rs 1000

· Exemption from 4% CVD for crude & refined edible oil

· Food processing industry to benefit from import & excise duty cuts

· Corporate having turnover less than 100 lakhs not to pay surcharge: effective rate is 30.6%

· Corporates having turnover less than 100 lakhs gain by 2.68% from abolishment of surcharge

· IT/ITES sector to come under MAT: to pay 11.22% of adjusted Book profits

· 5 year tax holiday for hotels/convention centres will promote tourism/hotel sector

· Private sector R & D institutions to gain by import duty cut to 5%

· Dividend Distribution Tax increased to 15% - effective rate is 16.83%

· Private import of aircraft & helicopters now liable to duty

· Education cess increased from 2 to 3 percent

· Effective Corporate tax rate, Turnover > Rs 1 cr - 33.99%, DDT: 16.99%, MAT: 11.33%

· Effective customs duty at peak rates reduced from 36.74% TO 34.13%

· Effective CENVAT rate becomes 16.48%

· Effective service tax rates proposed to increase to 12.36%

· Rent on commercial property covered under service tax

· Taxation of ESOPs under FBT to adversely impact remuneration policies of companies

· Exchangeable bonds to facilitate borrowings against promoters holdings

· Retrospective amendment to section 10AA made pari passu with section 10A for SEZ Units - anti abuse provisions introduced

· TDS on professional payments increased from 5% to 10% from June 1, 2007

· TDS on rented plant & machinery reduced to 10% from June 1, 2007

· Supreme Court ruling on taxability of royalty/ FTS overruled - Explanation to Section 9 provides for no requirement to establish territorial nexus with India

· Definition of "India" under Income Tax Act, 1961 made pari passu to definition under Article 1 of Consititution - to include territorial waters and air space

· MAT impact for tax holiday companies would depend on tax credit available

· Effective tax rate (including DDT) of domestic companies increased by 1.76% now being 43.58%





CNBC-TV18





· Healthcare allocation increased; +ve Max India, Apollo Hospitals

· More focus on HIV eradication; +ve MNC Pharma, Cipla, Wockhardt

· Education allocation increased; +ve Educomp, NIIT, APTECH

· Healthcare allocation increased; +ve Max India, Apollo Hospitals

· Focus on HIV eradication; +ve for MNC Pharma cos like Novartis

· More allocation to self house groups; +ve ICICI Bank

· Higher Allocation for roads; +ve IVRCL, HCC, Gammon, Nagarjuna

· More agri focus spending; +ve ITC

· Higher Agri Focus; +ve Ruchi Soya, Agro Dutch, Agro Tech

· Higher farm lending; +ve for all PSU banks

· Higher agri focus; + Ve fertiliser & pesticide co

· More Irrigation projects; +ve pipe for cos esp PSL

· IT spending on Food corporation on India; Focus - TCS, CMC

· Seven more UMPP under process; focus: NTPC, Lanco, GMR, REL Ener, Tata Power

· Seven more UMPP under process; Focus - PFC

· Higher outlay under NHDP; +ve IVRCL, HCC, Gammon, Nagarjuna

· Higher Outlay for road infrastructure; + ve cement and CV players

· Seven more UMPP's to be awarded; +ve Electric Eq suppliers

· Higher outlay for TUF; + ve Lakshmi Machine Works

· Higher outlay for TUF; + ve Gokaldas, Arvind Mills

· Higher outlay for TUF; + ve textile cos

· Higher tourism allocation; + ve TFCI

· New mortgage guarantees/instruments to be introduced; + ve HDFC, HDFC Bank, Dewan Housing, LIC

· New mechanism for unlocking value thru exchangeable bonds against subsidiaries by group cos; Focus - Tata Motors, M&M, Bharat Forge, CESC, Bajaj Auto

· Allocation to defence increased; + ve BEL, Nelco, Astra, Avantel, CMC, Zen Technologies

· Higher e-Governance Spend; Focus CMC, ICSA, Wipro, 3i Infotech, TCS, Vakrangee Software

· PHASE OUT OF CST; PREPARE ROADMAP FOR INTRODUCTION OF GST BY 2010; + ve INDIA INC

· ON COURSE TO ACHIEVE FRBM TARGETS, + VE INDIA INC, MKTS

· PEAK CUSTOMS DUTY CUT ( Non Agri); + ve INDIA INC

· Customs duty on PTA, MEG Cut; + ve RIL, IPCL, INDO RAMA

· Cut in customs duty on Gem stones; + ve Vaibhav Gems, Gitanjali Gems

· Custom reduced on medical equipment to 7.5%; + ve Apollo Hospitals, Max India

· Customs duty cut on man-made fibre; + ve RIL, Indo Rama

· NO INCREASE IN SERVICE TAX; + ve INDIA INC, Indian Consumer

· Excise duty cut in Diesel & Petrol from 8% to 6%; + ve HP, BP, IOC

· Duty cut on water carriage pipes; + ve PSL, Ratnamani, Finolex Pipes

· Increase in excise duty for cement prices above Rs.190 per bag; -ve ACC, Guj Amb, Shree Cements

· NO CHANGE IN CORP TAX; - ve India Inc

· Infrastructure status for Gas Pipeline; Positive GAIL, CAIRN, RIL, GSPL

· Cut in service tax on Clinical trials; + ve Biocon

· MAT definition tweaked

· Tax Benefits extended for 5 more years; + ve Pharma & Auto co's

· IT/ITES sector to come under MAT: to pay 11.22% of adjusted Book profits; - ve IT industry - Infosys, TCS, Wipro

· 150% weighted deduction extention ;+ve for pharma sector Sun Pharma, Ranbaxy, Dr reddys

· Dividend Distribution Tax hiked; - ve for high dividend payers - ONGC, NTPC, IOC, RIL

· Esops to be brought under FBT; - ve Tech, Media cos

· Dividend Distribution Tax increased; - ve Mf's

· Rent on Commercial properties; - ve Unitech, Mah Gesco

· EFFECTIVE TAX RATE UP FROM 33.66% to 33.99%; Tax rates of 30.90% for SMEs (total income < 10mn)

· Service tax exemption on clinical trials; + Ve Dr Reddy, Ranbaxy, Biocon

· Service tax on commercial property rent; - ve Pantaloon, Shoppers Stop, Trent

· Service tax on commercial property rent; - ve Multiplexes

· MAT not levied on 10 AA - SEZ's spared; marginally positive for SEZ players

· Proposal for Single tax levy on Telecom; directional + ve for telecom's

· Export Duty of Rs 300/tonne on iron ore; Negative for Sesa Goa

· Customs duty cut on coking coal; + ve for steel, power co's

· Measures to contain cement prices; +ve for construction co's

Intraday 28-02-07

Do I need to say anything today?? Even before budget people would sell off their holdings so ENJOY!!!! We have all the cash to buy the stocks we want. Lets wait for budget and hope May - 2006, situation dont get repeated.

As PER CHARTS.

Given below are two charts of our most popular indices BSE and NSE. As per charts better to be discplined and be on safe side by selling. This is the reason why I am bearish on STOCK Market as of now specially when it comes to following INDICES. Though i think we(India and Indians) will do better then others over long term and remain bullish over long term prospects. So leaving it upto you to take decision whether you want to "time the market" or be "long term"!!!

If you follow Technical Analysis follow Stop Loss on Both the sides.

Fundamentals Or Technicals!!

Anyone who has relied on "hot" news or company fundamentals to buy a stock knows that this practice often leads to disappointing results. The reason is simple. Fundamental analysis data lags the market. Earnings news can be as much as over a month old when released. In the majority of cases, by the time news announcements are made, the stock has usually already made its move.

Also, what if the fundamentals change? Most fundamental investors maintain the belief that it is better to hold onto a stock through thick and thin and hope the company recovers once better times return. But as we saw through the 2000 – 2002 bear market correction and all bear markets before it, this approach can lead to complete disaster.

The continued popularity of the traditional buy-and-hold strategy is due in no small part to the 18-year bull that ended in 2000. During this market, the buy-and-hold approach to investing worked great, but then so did throwing darts. It was only when the market turned to a bear that the fundamental flaw in this method became obvious.


Lastly, fundamental investors generally do not use stop losses to protect profits. Worse, those adopting a value approach employ the practice of averaging down, using the rationale that the cheaper a stock gets, the greater its value. This only serves to compound losses when a market is in plunge mode.

At the opposite end of the spectrum, technical analysis ignores fundamentals altogether and focuses strictly on technical indicators and chart patterns. While an excellent method of short-term trading, it can lead to losses in longer-term trades unless the trader continually readjusts profit targets and stop-losses. Also, this type of on-going maintenance may not be everyone's cup of tea and can cause unnecessary stress.

In reality, unless you are a pure technical trader employing very short time horizons to day trade or swing trade, using one method of analysis while ignoring the other is like trying to win a boxing match with one hand tied behind your back.

So what is the best combination of technical and fundamental methods for the busy trader or investor, and how does one become a truly proficient "technimental" trader (which you can read more about in "Charting Your Way to Better Returns")?

So Conclusion:

1. As allready mentioned Technical Analysis needs on-going maintenance & may not be everyone's cup of tea. For Example MOSL gives daily diary of Index stocks and some more with targets and S.L.

2. Fundamental Analysis is easy to follow but the problem is time frame. For Example Technical Analysts could have entered stocks like PSTL, PRAJ Ind and gained even though they are getting traded at high P/Es but Fundamental Analysts would recommend to remain away from such stocks.

3. Technical Analysis requires discipline. For Example: When S.L. gets hit one should take appropriate actions. Like in case of 3i Infotech it took just more then month to hit 300/= levels post closing above 190/=(Mentione at my blog http://stockstorm.wordpress.com on 02-01-07.) Its true that Fundamental analysts were bullish right from 170/=(that was the first time when i read report on it(26-12-05)) levels but just look at the kind of gain in small intervals of month post Jan-07. Same was case in Praj Ind from 100/= to 210/= but not more then month from 210/= to 400/=. Technical Analysts can time the market.

4. Fundamental analyst can analyse the policy changes and price change effect on their stocks and can sell at higher levels like in case of Bajaj Hind at 525/= but so can Technical Analyst could protect their profits by putting S.L. Bajaj Hind S.L. hit at 500/= and again next S.L. of 292/= was hit suggested only downtrend. Bajaj Hind had clearly given strong buy reco at 275/=.

5. It is not possible and also not practical to trade in F&O on mercy of Fundamental Analysis.

6. It is largely know that just before WTC attack there was huge position built in long. And same case in Crude recently. Such developments can only be tracked with Technical analysis as previously said.

Lets look at recent case on 26-02-07 market fell by 250 points in mid trades but recovered and was back in green at the end by 17 points. What happened? Simple everyone would say "recovery"(Includes Fundamental Analysts.)....Recovery from what?? Was it fundamental breakdown!!! One could have easily pin pointed this with help of Charts. For example RIL moved up from 1373 dot from its intraday support and Infosys went down but started its recovery just 10/= bucks before its support. Dont Belive!! Check It.

So all in all we can identify n numbers of such points which discriminates both of the analysts. Also as allready said by the time news announcements are made, the stock has already made its move. Even directors may have reduced their position like in recent cases of Infrastructure stocks. Lok Housing E.P.S. above 80 but priced at 200/= why the stock fell so much in last month! Technicals suggested a correction in this stock at 300/=.

Best Conclusion: Apply skills of Technical Analysis on Fundamentally Good Stocks.

At last One should not try to discriminate between this two branches of stock analysis, without giving a try. After all markets are always right. As cleverly said "Half Knowledge Is Always Dangerous."

Intraday 27-02-07.

Market looking very weak as of now specially for short term. Intraday upmoves should be used to reduce your position unless SENSEX closes above 14100 which seems impossible going with charts patterns. However I belive intraday up/down are ought to happen. As seen Asian markets are down this morning, with the Nikkei down marginally, while the Hang Seng has fallen sharply. The global decline could put renewed pressure on our stocks today. There can be upmove today in selective counters specially those which has fallen more then the index in past few months. These consists of certain banks like SBI, Union Bank. Others like Mahindra GESCO, Hind Motor, Moser Baer, WWIl, Tech Mahindra, Sujana Metal, Deep Ind, United Spirits and newly listed PFC. These counters can see intraday upmoves. However dont take any of this counters home. As allready said charts strongly suggest a downfall.

Regards,
Bhavin Mehta.

Intraday 26-02-07

No specific cues for the day. Best starategy is to let market decide for itself.


We may see some action in counters like providing equipments and services to railway. Texmaco, Stone India, Kalindee and Kernex Micro system are some of the companies here ...one can also consider ION EXCHANGE.

Also CC Constructions has got good response; subscribed 20 odd times. It did not do bad; good construction company, good margin player, listing around 320/= likely.