Hameed 7.6.2005
MARKET BUZZ:

(May not be useful for day-traders.)

Banks to Acquire a New Sheen

The government has given a big push to banking sector reforms by lifting the voting cap of 10% for private sector banks, empowering the RBI to supersede the boards of banks and allowing banks to issue preference shares. RBI will also be provided with more flexibility on its monetary policy with the removal of lower bounds of the statutory liquidity ratio (SLR) and greater leeway to fix the cash reserve ratio (CRR).

Key highlights of the sector reforms follow:

__Voting cap of 10% to go, RBI permission is required to increase more than 5% of equity

__Banks to get nod for preference shares

__RBI to get power to sack bank boards

__Central bank can allow banks to give loans to their directors

__SLR floor rate to be removed

__RBI can conduct special audit of co-operative banks

__RBI Act update to make CRR limit flexible, enable RBI to lend, borrow securities via repo/reverse repo.

RBI has told about 100 loss-making urban cooperative banks (UCBs) to either surrender their banking licences and merge with a healthier bank or face liquidation.

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DBhat:
Compucom Soft: (64.20) The stock has come out by a huge bullish break out after heavy heavy accumulation between 63 & 31 over the past 17 months on 200 dma indicates total new bull wave has started for this stock.

Don't miss the opportunity & grab considering 61 a solid support keeping stop loss of 57 on a closing basis.

All set to spurt up to 116 in very very short span of time.

Stock traded at BSE only: 532339.

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Kamadhenu:

CATCH THIS TELECOMMUNICATION STOCK IMMEDIATELY AFTER OPENING FOR DECENT GAINS -

ICNET -

BSE CODE 523770 @ 12.96

IT WAS YESTERDAY`S SEARCH ITEM `I`

HAVING SYNERGIES WITH NUCLEURS GROUP OF USA, THIS COMPANY IS THE FIRST COMPANY IN THE PRIVATE SECTOR TO OBTAIN A LICENSE FROM DEPARTMENT OF TELECOMMUNICATIONS TO OFFER E-MAIL SERVICES IN INDIA. THE COMPANY IS ALREADY OPERATING IN 19 CENTERS AND PLANS TO EXPAND ITS NETWORK TO MORE THAN 50 CENTERS. USING THE SAME ELECTRONIC HIGHWAY, AS IN THE CASE OF E-MAIL, THE COMPANY ALSO PLANS TO OFFER ELECTRONIC DATA INTERCHANGE, VOICE MAIL, ETC.

WE EXPECT THE STOCK TO RISE UP TO 18-20 IN VERY SHORT TERM.

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THIS STOCK CAN MAKE YOU MILLIONAIRE IN DUE COURSE -

CATCH IT IMMEDIATELY AFTER OPENING !!

SUZLON FIBERS LTD.-

BSE CODE 514240 @ 12.79

YES , IT WAS YESTERDAY`S ANOTHER SEARCH ITEM `S`

IT`S GROUP COMPANY, `SUZLON ENERGY LTD` IS COMING OUT WITH AN IPO IN AUGUST 2005. THIS 1800 CRORE `SUZLON ENERGY LTD` IS SITTING ON A CASH OF MORE THAN 400 CRORE. IN THE YEAR 2005 IT IS IS EXPECTED TO POST A BOTTOMLINE OF RS. 270 CRORE. SUZLON FIBERS LTD IS SAID TO HAVE A CHUNK OF SHARES OF `SUZLON ENERGY LTD`.

KEEP WATCH ON THIS STOCK. IT CAN MOVE TO ANY EXTENT.

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Kuberdhan:

Yesterday’s search I..L stood for INVINEX LAB

@ 33 The share flared up to 39 Stock is still hot.

&

Yesterday’s search I..B stood for IOL BROADBAND @ 27 The share flared up to 29.25