Kuberdhan-13feb2006

KESER ENTER
BSE CODE 507180 @ 219.95
Target Rs.425
SHAKTI SUGAR
BSE CODE 507315 @ 171.75
Target Rs.375

WILLIAM MAGOR ( Delivery )
Rec. Price Rs. @ 59.60
Closing Rs. 71.50
Target Rs. 75

THIRU A SUG
Rec. Price @ 305.65
Highest Rate Rs. 320.90
Closing Rs. 314.90

NRC
Rec. Price @ 49.40
Highest Rate Rs. 53.75
Closing Rs. 51.75

ERA CONS
Rec. Price @ 259.45
Highest Rate Rs. 272.40
Closing Rs. 272.40

MRF
Rec. Price @ 3246.05
Highest Rate Rs. 3399
Closing Rs. 3262.25

Asethi-13feb2006

MARCH'06...... SENSEX will Top out & Expect a correction of 2200 , 2500 points !! *Expect....... Sensex to kiss 10595 or 10817 (Yes , We Know over stretching is going on......) *Maximum 500 points rally & expect complete correction from 4227 to Highest point Sensex achieves. *It may correct minimum 38. 2% or 50% too. *Please Cut & paste..... and always remember date !!

ANJANI PORTLAND CEM: (17.60)-Dbhat-16sep2k5

ANJANI PORTLAND CEM: (17.60)
This total turn around popularly known as APCL cement sector stock on charts has come out of huge accumulation occurred in a continuous higher top higher bottom formation on 200 dma. Bullish break out indicates non-stop rally on the card.* Promoters holding: 61%* MFS FIS & Private corporate holds together: 15%* Common Public holds: 23%Non-stop rally will take it up to 36 in next very few days.
Stock traded at BSE only: 518091.
http://in.finance.yahoo.com/q?s=518091.bo&d=c&t=1d

SURYAJYOTI SPINING: (53.50)-Dbhat-16sep2k5

SURYAJYOTI SPINING: (53.50)

This &% dividend paying textile sector stock on charts has come out of huge consolidation occurred between 59 & 28 on 200dma & since then stock is inching up in a continuous higher top higher bottom formation & very recent bullish break out indicates huge non-stop rally on the card.All set to shoot up to 96 in next very few days.Stock traded at BSE only: 521022.

Market Buzz:
(May not be useful for day-traders.)
Assam Company-Oil is Gold
BSE: 500024; CMP Rs 279.60

Shares in issue: 22.9 mn; Market Cap: Rs 618 crore
Promoters: Duncan Mcneill Group with 80 per cent stake
Oil Reserves discovered & proven: 58 mn barrels worth Rs 18,000 crore
Gas Reserves: 95 billion cubic feet worth Rs 4000 crore
Stock Split: Stock to be split into Face Value of Rs 1
There are only two things on Earth which are scarce, Land and Oil, that is if we were to ignore that very ubiquitous word, "Love". But nothing exceeds the material value of land and oil, not even love. And those who own Oil will own everything.
While our national warhorse Ongc has been scouting the world in search of Oil assets, a motley bunch of players like Cairns, Hind Oil, Reliance, Gujarat Petroleum and even Videocon have hit oil and gas patches in various pockets of the country. The latest to join this game of Oil finds is Assam Company which has struck Oil and Gas, in our very own backyard Assam, from where India's oil industry had made a beginning.
Those who own Oil will own everything
Early on in June 2005, Assam Company announced that it's Oil & Natural Gas division has commenced extraction of Oil & Natural Gas in the Amguri Block in Assam. For this venture technology back up is being provided by Canoro Resources Pvt Ltd, a Canadian Company having expertise in the Oil & Gas businesses worldwide. The Government of India had awarded the two blocks in Assam to the consortium of Assam Company & Canoro Resources Pvt Ltd, with the latter being the designated operator for these two blocks.If the claims of Assam Company are to be relied upon, commercially proven reserves have been found in the Amguri block in Assam. The estimated in place Oil reserves are 58 million barrels & estimated associated and free Gas reserves are 95 Billion Cubic Feet.The Company has further been awarded the following three marginal fields in Assam by ONGC on service contract basis: 1. Bihubar; 2. Barsilla; 3. Laxmijan. All the above commercially proven marginal fields have been awarded for operation and production to the Company. Assam Company is making serious efforts to successfully carry out the exploration and development activities in all the allotted fields.
Oil business would be de-merged from Tea
Assam Company will shortly de-merge its Oil & Natural Division, into Assam Oil & Natural Gas Ltd, a subsidiary of the Company. The Share Exchange Ratio and Financial Valuation exercise are under process and the shareholders of the Company would receive shares of Assam Oil & Natural Gas Ltd upon the de-merger becoming effective and based on the Financial Valuation to be carried out of the said division.
The Earl of Inchcape joins the Assam Company
While the Indian promoters led by Dr. K K Jajodia, would join Assam Oil and Natural Gas as Chairman, the Earl of Inchcape (Lord Inchcape) and the 34th richest man in England will join the Board. Also coming on Board would be Mr. Edward Thomas Walshe, a renowned Oil & Gas Consultant of UK and formerly an executive of BG (formerly British Gas). This would greatly enhance Assam Oil & Natural Gas Ltd's international exposure and expertise.
The Tea Business has got its own plans
Assam Company will merge with itself, its subsidiary Namburnadi Tea Company Ltd., consultants and professional firms have been appointed to help carry out the merger. The Tea division will in future make a foray into Biotech, Organic, Pharma, Herbal, and Medicinal Plant Sectors. These businesses will be funded by means of debt and equity.
Assam Company-the first, the finest tea producer
The Assam Company was the first tea company in the world (established on 12 February, 1839) set up by a deed of the British Parliament. It was the first company to be awarded the Royal Charter by Queen Victoria in 1845. It was the first company in the world to establish tea gardens, to build premium blends and brands, the first to export tea from India and the first company to create `Tea Seed Gardens'.
Today, blending, improved methods of production, and leaf-handling with absolute state-of-the-art technology are carried out at Assam Company, with the corporate becoming the first to containerise teas at the tea gardens to preserve freshness. Assam Company is the proud owner of 60 mature, premium tea gardens including out-gardens in Assam, spread over 12,000 hectares of fertile, rainfed land... an area even larger than the city of London. These gardens are carefully tended and nurtured by legendary planters. The Assam Company has ploughed back more than Rs.240 million in welfare programmes for it's over 25000 strong workforce. The Company is fully committed to fulfilling its responsibilities as an environmentally conscious corporate citizen. It has taken the lead in undertaking massive afforestation programme to maintain ecological balance. From UK to Japan, Assam Company teas have pleased the world. Now tea will be joined by Oil.
For the shareholders not only will there be a well-brewed cuppah, there would be the newly found Oil wealth to partake in

ENVAIR ELECTRODYNE -Kamadhenu-18aug2k5

WE RECOMMEND FUNDAMENTAL STOCKS ONLY !!

ENVAIR ELECTRODYNE -
BSE CODE 500246 @ 57.20
We had recommended this stock to our clients at a rate of Rs. 27 !!
Its a Kirloskar Group company !!
The company has received an intial order of Clean Air Equipments from Reliance Life Sciences for their prestigious project at Mumbai. The Company has already supplied Clean Air Equipments & Laboratory Workstations to many Biotechnology Industries. Considering the Mega Projects of Reliance Life Sciences, the Company looks ahead for better prospects.
The Company have supplied first lot of ESD Safe Workstations to WIPRO LTD with the growing Software market, there is a good potential for such Workstations.
The Defence Department desires to procure Nuclear, Biological & Chemical Filteration systems (NBC). Such systems provide critical ventilation in War, during NBC attacks. The Company has successfully developed & marketed such systems during the period 1995 to 2000. The defence customers have started showing renewed interest in this business.
The Company has received Certificate of approval for manufacture of Silent Generating Sets in the rating of 15 kVA to 500 kVA from Automobile Research Association of India (ARAI), nominated by Central Pollution Control Board (CPCB). This has enabled the Company to start manufacturing of Silent Gensets as per CPCB norms.
The company has registered a growth of over 500% in its bottomline in the first quarter of this year !! Grab it immediately after opening for a target of Rs. 65 in short term and Rs. 85 in medium term. In long run it will cross 100 mark !!

SHRACHI SECURITY -Kamadhenu-18aug2k5

WE RECOMMEND FUNDAMENTAL STOCKS ONLY !!
NOW CONCENTRATE ON THIS INFRASTRUCTURE CUM FINANCE STOCK -

SHRACHI SECURITY -
BSE CODE 511591 @ 54.20
FLAGSHIP COMPANY OF SHRACHI GROUP, WHICH HAS DIVERSIFIED INTERESTS SUCH AS REAL ESTATE, AGRO DIVISION, ENGINEERING, HOSPITALS, PRINTING, INFORMATION TECHNOLOGY, BREWERIES AND PETROCHEMICALS !!
THE COMPANY HAS A TIE UP WITH HDFC BANK AND CITICORP !!
THE COMPANY PROVIDES A WIDE RANGE OF FINANCEIAL PRODUCTS RANGING FROM VEHICLE FINANCING TO CONSTRUCTION EQUIPMENT FINANCING !!
THE COMPANY IS GOING TO CHANGE ITS NAME TO SHRACHI INFRASTRUCTURE FINANCE TO MATCH ITS CORE BUSINESS !!
THE COMPANY HAS PERFORMED EXCELLENTLY OVER THE QUARTERS. IT HAS SHOWN A NET PROFIT OF Rs. 2.10 CRORE IN LATEST QUARTER AS AGAINST 1.60 CRORE IN THE CORRESPONDING QUARTER. THE ANNUALIZED EPS WORKS OUT TO BE AT MORE THAN Rs. 10. IT HAS ALSO PAID A DIVIDEND OF Rs. 1.50 IN THE YEAR 2004-05.
TO KNOW MORE ABOUT THE COMPANY JUST LOGON TO -
http://www.shrachi.com/
REALISING ITS POTENTIAL, A REPUTED MUTUAL FUND [SUNDARAM MUTUAL FUND], KNOWN FOR ITS SHREWED INVESTMENTS, HAS TAKEN A 4.70% STAKE IN THIS STOCK YESTERDAY [17.08.2005]. MORE FUND MANAGERS AND FIIs ARE EXPECTED TO JOIN THE BANDWAGON.
IF WE COMPARE IT WITH OTHER COMPANIES OF SAME INDUSTRY LIKE SHRIRAM GROUP OF COMPANIES, MAGMA LEASING AND SREI INFRA etc. IT LOOKS VERY CHEAPER AT THIS LEVEL !! WE EXPECT THE STOCK TO DOUBLE IN MEDIUM TO LONG RUN !!
BUY 10000 - 15000 SHARES AND FORGET TO EARN UNEXPECTED MONEY !!

Asethi-18aug2k5

DEAR Readers & Traders , our FUEL baby......... refresh your memory.... just written 5 days back. *From Rs. 16.... yesterday was upperfrozen @ Rs. 27. *Going cheap and cheap and cheap............... our target Rs. 100 , 200 !! -Yesterday our GUESS stock , name starts from S was upperfrozen !! Forget............. WELSPUN INDIA... u need Lion's heart to buy !! Now just Guess another stock , Yes they in process of making Towels in various colours & sizes. *Name starts from :S *Now @ 33 , traded @ BSE !! *Nonstop target :Rs. 50 , 65 , 75 !! -Open challenge to anybody in India............... 101% Unknown to every 2nd person !! *......... is exporting 80% of its manufacturing to developed countries like USA, UK, Denmark, Australia and 20% is sold locally.

ESSAR SHIPPING-Asethi-18aug2k5

Just @ opening bell....... Grab "ESSAR SHIPPING " *Stock will be on fire !! *Scroll down , Read & Earn Millions !! "Market Looking Great "

Want to earn unexpected money in next 10 days ?? (Then just take a Risk of Rs. 4 , read a complete article it will take 10 minutes) "Once in life time stock , Today's price will be come History" @ 9:55 , Grab this stock & No need of selling up to.... ESSAR SHIPPING :500630 Our small request :Please remember us..... just after 10 days Technically looking very very hot , Stock above..... 44. 20 level.... will be in new orbit !!Our nonstop target : Rs. 59 , 66 level. Thirsty Day , Swing & Short Investors (10 days) ....... Buy 50000 to 5 lac shares at opening bell........... and 99. 99% today itself , you will see first upper-freeze. *Above 44. 20........... Grab & forget !! *101% no need of stop-loss.............. !! "Now this NEWS u will see see & hear in coming 10 days " 101%......... This is confirm !! *Stock will be delisted....... Buy back offer on card !! *Reverse book building on card........... Price will be of Rs. 65+ *Yes , Mandate had been given to IL&FS Our source indicates......... your waiting period only........ 10 days !! *All 3 companies of ESSARGROUP will be delisted and yes....... they are going for London listing !! From our Research Desk : Do u know how to own Rs. 1000 Cr just by paying Rs. 44 No Magic, No miracle. Only SMNAnalysis & Think Tank Like GOOGLE, we keep on discovering hidden gems. If logistic companies like Gateway Distiparks, etc are sky-rocketing, how much shipping scrips will rise is anybody’s guess. Essar Shipping has declared an EPS of 10 for the yr 04-05 and its 1st qtr EPS is nearly Rs. 15 (annualised). The present Mrkt price of 44 gives a forward PE of a minisculous below 3 times. Its just unbelievable that at near 8000 Sensex still there are undiscovered value buys. Above all ESSAR SHIPPING has sold some of its fleet to Nasdaq-listed Top Tankers and realized Rs. 1200 Crores. With this its debt has come down completely and interest charges have come down from 25 Cr to just 5 cr. *Cash Reserves with Infosys 1400 Cr, Bharti Rs. 1200 GE Shipping 1100 Cr and just see what is the share price of these scrips. Now imagine what will be the price of ESSAR SHIPPING with Rs. 1000+ Cr in cash and that too when FIIs have just started including in their portfolio. On its equity cash works out to Rs. 24 per share. Buy this goldmine and mint-money from the opening bell.

CAPRIHANS: (75)-Dbhat-18aug2k5

CAPRIHANS: (75)

This PLASTIC sector stock on charts is being constantly accumulated between 94 & 53 on 200dma indicates any time it'll explode like a volcano. * Promoters holding: 74%.* Foreign Promoter holds: 51%
All set to shoot up to 159 in very short span of time.Stock traded at BSE only: 509486.

TTK HEALTHCARE: (69.40) -Dbhat-18aug2k5

TTK HEALTHCARE: (69.40)

This HEALTHCARE sector stock on charts has come out of huge accumulation between 67 & 41 occurred on a continuous higher top higher bottom formation. Bullish break out indicates non-stop rally on the card.* Promoters holding: 51%. Non-stop rally will take it up to 107 & 134 in next very few days.Stock traded at BSE only: 507747.

Franklin Templeton Investments-Hameed-18aug2k5

Brazil, Russia and India added to Franklin Templeton Investments' China fund
(Pvt Fund Manager has given this article.)
Canadian shareholders approve mandate change for fund to become the first BRIC - Brazil, Russia, India and China - fund available in Canada
Franklin Templeton Investments Corp. has announced that shareholders of Templeton China Tax Class fund have voted in favour of expanding the fund's mandate to include the ability to invest in Brazil, Russia and India. The new Templeton BRIC Tax Class fund is the only one of its kind in Canada that bundles together the investment opportunities offered by Brazil, Russia, India and China in one fund. The changes have taken effect from August 15, 2005.
"Changing the mandate of the fund to invest in the BRIC nations provides shareholders access to the world's largest and fastest growing emerging market economies," said Dr. Mark Mobius, lead manager of Templeton BRIC Tax Class fund. "The BRIC nations are the new engines of economic growth with large populations, strong GDP growth, per capita income growth and strong market performance."
The BRIC fund uses a value investment style to invest in companies listed in Brazil, Russia, India and China (including Hong Kong and Taiwan), as well as investing in companies outside the BRIC nations that may benefit from doing business with these growing economies. "In the BRIC nations, GDP growth is very strong and they've outdistanced the United States in terms of economic growth," said Dr. Mobius.
"The BRIC nations offer investment value, with stock valuations roughly 50 per cent cheaper than U.S. equity markets." Dr. Mobius, with over 34 years of experience investing in emerging markets, is no stranger to the BRIC nations. He is well known in Canada for his expertise in emerging markets, and the Templeton Emerging Markets Fund was named best emerging markets fund of the year at the Canadian Investment Awards in 2004.
Templeton BRIC Tax Class fund is part of Franklin Templeton's Tax Class structure, which allows investors to switch between funds and portfolios while deferring taxable events until they redeem from the structure.
Franklin Templeton also proposed mergers to some of its specialty funds. These include several proposed changes to its fund lineup that will be voted on at a special meeting of security holders on October 11, 2005 in Calgary. "This move is designed to streamline some of our more specialized funds and provide investors with a more compact and efficient lineup to choose from," said Don Reed, President and CEO of Franklin Templeton Investments.
"We are also proposing that the funds be under our tax class umbrella, making it easier for investors to switch funds without triggering a tax event." The proposed changes are: Franklin U.S. Large Cap Growth Fund, Franklin U.S. Large Cap Growth Tax Class and Franklin Flex Cap Growth Fund will merge into Franklin Flex Cap Growth Tax Class; Franklin World Telecom Fund, Franklin World Telecom Tax Class and Franklin Technology Fund will merge into Franklin Technology Tax Class; and Franklin World Growth Fund will merge into Franklin World Growth Tax Class.
In addition, security holder approval will be sought for the continuing funds to adopt the investment objectives and strategies of the terminating funds in which they currently invest. The proposed investment objectives are as follows: Franklin Flex Cap Growth Tax Class: Capital appreciation by investing primarily in U.S. equities demonstrating accelerating growth, increasing profitability, or above-average growth or growth potential compared to the overall economy;
Franklin Technology Tax Class: Capital appreciation by investing primarily in equity securities of technology companies located in the U.S. and throughout the world; Franklin World Growth Tax Class: Long-term capital appreciation by investing primarily in equity securities of growth companies with any market size capitalization, which are located throughout the world.
The proposed mergers will take effect on or around October 21, 2005. The mergers are subject to both security holder and regulatory approval. More information about these funds is available at www.franklintempleton.ca.

FAG Bearings-Hameed18aug2k5

Market Buzz:
(May not be useful for day-traders.)
FAG Bearings-German Excellence
CMP Rs 256.45 BUY (Not applicable for day-traders.)
Shares o/s: 16.6 mn; Market Cap: Rs 410 crore
EPS e Calendar 2005: Rs 22
Target PE: 15;
Owned to the extent of 51.3 per cent by FAG Germany, FAG Bearings has concluded a solid first half performance. With Revenues placed at Rs 185 crore, and after tax profits of Rs 18.6 crore, the corporate seems to have rapidly outperformed calendar 2004's blockbuster performance. Investors may recall that FAG reported Revenues of Rs 327 for December ending 2004, with after tax profits of Rs 30.8 crore. Quite clearly, for the year ending December 2005 Revenues will close in to the Rs 400 crore, with after tax profits nearly Rs 38 crore.
Besides the financial performance there could be short term price triggers in this counter, if the parent either tries to increase its stake through the creeping acquisition route or shows greater involvement of the Indian operations into the global profile of FAG, Germany.
Stock has a concenterated ownership
In addition to FAG Germany's 51.33 per cent stake, Templeton owns 9.84 per cent, UTI MF owns 1.55 per cent and New India Assurance owns 3.2 per cent. In all FI's own 18 per cent of FAG, with private corporate bodies holding another 11 per cent. A single Delhi based PCB owns close to 1.6 mn shares of FAG, which leaves a small public float.
Q2 numbers were strong
Continued growth in auto sector, increased thrust on replacement markets and ongoing momentum in industrial segments largely contributed to Revnues of Rs 95 crore for Q2, calendar 2005. After tax profits were even stronger at Rs 9.8 crore. FAG's initiatives to increases prices in replacement markets along with benefits from improved productivity and savings from value engineering, collectively contributed towards higher margins. Going forward, with firm steel prices (72% of material costs), we believe margins will remain under pressure.
Efficient working capital management and exchange gain further contributed towards its performance.
Outlook
Going forward, with auto sector (53% of revenues) in growth phase, improved supplies to Railways and its efforts to increase presence in after market, we expect overall revenues to grow by 15 per cent in CY2005.
FAG's efforts to consistently enhance capacities through de-bottlenecking and value engineering along with initiatives to debond its EOU facility will help it take advantage of growth across the segments. Its large-scale capacity expansion will be based on FAG's global expansion plans, which are being crystallized.
Leveraging on its parents technology and product development skills, FAG is aggressively working on strengthening its product range to stay ahead of competition. It has increased presence in after-market with contribution from this segment increasing from the 32 per cent levels in 2003 to 42 per cent of revenues in 2004. Going forth this segment may turn out to be the growth area going forward.
Exports (11.5% of revenues) grew by 12% YoY in 2004. While the parent is still in the process of crystallizing its global expansion plans, with outsourcing becoming a global trend, the potential of FAG exploring opportunities in India are high. If this development materializes, exports will gain significant momentum going forward.
Leveraging on its parents strong product range, FAG has increased sales of imported bearings (18% of revenues), which has widened its customer base and product basket.
Given its strength in technology, ability to leverage on parent for a wide product range and efforts to enhance presence in replacement markets, the outlook going into second half 2005 is strong. Although margin pressure remains a concern, any news flow on parent expansion plans and scaling up outsourcing from India will be an additional growth trigger.

Neyveli Lignite-Asethi17aug2k5

Want to earn Rs. 10 in hours ?? Then @ opening bell......... Buy 10 , 25 , 100 lot of this stock & see unexpected buying from all corners of INDIA !! Neyveli Lignite Our target for Day & Future traders : Rs. 97 & there after sky is limit. *101% in coming days...... stock will zoom to Kiss : Rs. 129 level. Now @ opening bell......... Buy...... Buy....... Buy this stock to get quick money. *If Future starts trading...... above 87 , just keep a stop of Rs. 85 & forget. *Today itself....... it will try to kiss 93 , 97 level. *This is once in life time stock !! Don’t watch.... CRICKET or Movies........ just look @ huge triangle breakout in both weekly and Monthly chart................ !!!

Lincoln Pharma: (40.75)-DBhat17aug2k5

Lincoln Pharma: (40.75)

This PHARMA sector stock on charts has come out of huge consolidation occurred between 41 & 22 on 200dma. Bullish break out indicates third dynamic bull wave on the card. * Promoters holding: 53%.All set to shoot up to 84 in very short span of time.Stock traded at BSE only: 531633.

This PHARMA sector stock on charts has come out of huge consolidation occurred between 41 & 22 on 200dma. Bullish break out indicates third dynamic bull wave on the card. * Promoters holding: 53%.All set to shoot up to 84 in very short span of time.Stock traded at BSE only: 531633.

Ruchi Strips & Alloy: (15.31)-DBhat-17aug2k5

Ruchi Strips & Alloy: (15.31)

This RUCHI SOYA promoted STEEL sector stock on charts has come out of huge consolidation occurred between 20 & 11 on 200dma. Double bottom formation at 11 on 200dma indicates consolidation is over & now the stock is all set for third dynamic bull wave.* Foreign Promoters holding: 12.09%. Third dynamic bull wave will take it up to 37 & 48 in very short span of time.Stock traded at BSE only: 513295.

Chordia Foods-Hameed17aug2k5

Market Buzz:
(May not be useful for day-traders.)
Chordia Foods-Branded Processed Foods for All
BSE 519475 CMP Rs 39

Dividend: Rs 1.50 per share, scrip is Cum Dividend
Shares in issue: 2.98 mn, Market Cap: Rs 11.6 crore
EPS 05: Rs 3.41, EPS 06 e: Rs 7
Current PE: 11
12 M Targeted Price : Rs 60
Pune based Chordia Foods is likely to emerge as a stellar player in the processed foods segment over the coming years. The corporate has invested heavily into creating new facilities and building up its two brands "Pravin" and "Navin", which are now widely available in the Maharashtra, Gujarat, and contiguous areas of Andhra and Karnataka. The present range encompasses a wide number of product lines like spices (whole, ground and blended), pickles and chutneys, curry pastes, tomato ketchup, instant mixes, snack food items and common salt.
The financials for FY05 were stable with Revenues marginally higher at Rs 21 crore (Rs 20 crore) and after tax profits of Rs 1.01 crore (Rs 97 lakh). The Q1 numbers have been solid, with Revenues at Rs 4.45 crore and after tax profits at Rs 33 lakh.
So what is Chordia all about?
Chordia Foods is now well established as the owner of the "Pravin" and "Navin" brands. Chordia owns processing facilities at Yavat and Shirwal in Maharashtra, while a new plant with a production capacity of 600 Tones per annum of Pickles located at Chittiambakkam Village, Tal and Dist Kanchipuram, Tamilnadu State, near Chennai has gone on stream. The unit cost Rs 2.5 crore to set up and will add to volumes during the year.
Outlook is promising With excellent rains during the season, the basic raw material and all the seasonal fruits, vegetables required by the Company are available in abundant quantity, resulting in substantial drop in the cost of raw material. Chordia will thus be able to supply its products to the common customers at much affordable prices. New South Indian varieties of food products have been launched by the company and the same have received encouraging response. More regional variants will be introduced during financial 2006 which will meet the local tastes. The products too will sport new packagings which are more handy, attractive and useful.
Quality is paramount
Using the assistance of US based IESC, Chordia has developed a quality control system consistent with Good Manufacturing Practices (GMP). The production has been standardised which has helped Chordia establish itself as a major exporter of processed foodstuff.
Space-age technology called the HACCP (Hazard Analysis Critical Control Points, pronounced hassip) was developed by NASA and the Pilsbury Company in the 1960s to manufacture foods with "zero defects" for the space program. The U.S. Food and Drug Administration (FDA) now requires that the seafood industry follow HACCP. The U.S. Department of Agriculture requires the same for beef and poultry processing.The benefits of a system like HACCP to IESC clients include not only the critical prevention of food contamination, but also loss prevention, quality control and, equally important, export promotion. The same quality is now available to Indian consumers.The upcoming Food Park will spur growth
Chordia Food Products is setting up a food park at an outlay of Rs 100 crore spread over the next seven years.
This food park is being set up at Shirwal, 55km off Pune on the Pune-Bangalore Highway. The Ministry of Food Processing has sanctioned the project, the "food park" status and contributed Rs 4 crore to develop various facilities. The Park is in talks with the State Government for concessions on various fronts. The Central Government has also sanctioned about 25 per cent capital subsidy with an upper limit of Rs 50 lakhs for the units that are set up in the food park. Banks too are likely to pitch in with reduced interest rates for the units setting up shop at Shirwal.
The park offers a complete range of facilities from processing, packaging, transportation and finance to marketing the products as required by the processed food industry. The future scope for processed foods, fruits and vegetables in the country was vast as only two per cent of the total produce was processed as against 70 per cent in the developed nations. In India around Rs 4,000 crore of fruits and vegetables are wasted every year and in the Western Maharashtra itself, fruits and vegetables to the tune of Rs 1,000 crore are wasted and spoilt due to non-processing.
The first phase of the Park, set up in Shirwal, about 55 km from Pune is in the completion stage and an investment of close to Rs 16 crore has already been pumped into it. Of this about Rs 8 crore has come from the internal accruals and Rs 4 crore as loan element from SIDBI.
The Park has a full-fledged product development centre, an ultra-modern analytical and quality control lab, cold storage system with a capacity to store 3,000 tonnes of processed food and warehouse, effluent treatment plant and pilot plant which these entrepreneurs are utilising. The common facilities have been in operation for some time now and depending on the requirements, the second phase would begin its development.
The Park has about 110 acres of land under its belt and currently only about 20 acres have been developed. This is the first of its kind project in the private sector. The Park is also creating a marketing network of cash-and-carry shops; the first shop is already operational in Pune city, while a launch of these shops is being planned at major towns in the State.
A new concept
Currently, about 30 food parks have been identified of which about five of them are already in the commercial phase. The rest are in the implementation stage such as the wine park to be set up in Maharashtra and the seafood processing park to be set up in Kerala. The rest of these food parks would reach their commercial phase within a couple of years.
Unfolding potential
Current estimates place annual revenues at about Rs 600 crore from a single food park, which includes both the organised and unorganised sectors. However, the actual potential for processed foods emanating from food parks is at least 10 times higher or about Rs 6,000 crore if proper infrastructure and facilities are provided. This level of produce could come from units in and around Pune alone. Where such large players like Gits, Weikfield (mushrooms, sauce and custard), Venky's (poultry products), Desai Brothers (Mother Recipe's pickles) and Chitale Bandhu (dairy products) have manufacturing facilties.
One must not forget the fact that annually about Rs 50,000 crore of agri-produce is wasted due to improper handling, and lack of processing and storage facilities. If this wastage is reduced, it can bring in better economic returns to the farmers. There is bright future for processed food, fruits and vegetables in the country. Currently, the processed fruits and vegetable production is less than one million tonnes as compared to the availability of 136 million tonnes.
SIDBI is playing a lead role
SIDBI has decided to set up 10 such clusters in various segments and Pune has been chosen for the food cluster. The food cluster is the first of its kind from the Government sector and would be funded from the corpus of the World Bank-led Rs 450-crore credit assistance scheme.
A committee consisting of experts from the industry, SIDBI and the Ministry of Food Processing has been set up and are evaluating the project report. The project could start within one year of ground zero. The idea is to have the smaller units in the food processing sector join the cluster and utilise the common infrastructure facilities. More than the credit facility, it would also allow the SSI units access to price information, market research inputs, technology up-gradation and testing facility.
Pioneering Effort
Chordia Foods could easily be called a pioneer in the emerging processed food space, with back to back arrangements that include processing facilities, food parks and food chains providing quality produce to the consumer. And even though Financial 2006 estimates of Revenues in excess of Rs 30 crore, and after tax profits of Rs 2 crore seem modest, CFL could emerge as a major player in the processed foods segment in the coming years.

CHEMPLAST SANMAR -Kamadhenu-11aug2k5

WE RECOMMEND FUNDAMENTAL STOCKS ONLY !!
KEEP WATCH ON THIS EXCELLENT STOCK -
PREVIOUSLY WE HAD WRITTEN THIS STOCK @ 81.50 FOR A SHORT TERM TARGET OF RS. 100. THE STOCK TOUCHED 110 LEVEL WITHIN 15 DAYS.
NOW IT HAS AGAIN COME DOWN GIVING US THE OPPORTUNITY TO RE-ENTER IT.
WE HAD RECOMMENDED THIS STOCK TO OUR CLIENTS YESTERDAY @ 85 !!

CHEMPLAST SANMAR -
BSE CODE 506355 @ 89.30

Traded at NSE also as CHEMPLAST
The company has two main businesses – PVC and Chlorochemicals. The Chlorochemicals Division of Chemplast, itself the result of backward integration by the group, manufactures a wide range of products using a highly integrated manufacturing process. Chemplast is fully equipped to generate sufficient captive power to meet its entire requirements, thus making it one of the most integrated chemical plants in the country with a closed manufacturing loop.

The company is going to establish clean development mechanism [cdm] under the qyoto protocol for reduction of grean house gases.
The company has progressed by leap and bounds over the quarters. For the year ended march 2005 it has shown a net profit of Rs. 25.68 crore as against a net profit of Rs. 4.62 crore in the year 2004. For the quarter ended march 05 it has shown a net profit of Rs. 11.77 crore as against a net profit of mere 1.11 crore in the corresponding march 04 quarter.
Remember, public holds just 11% shares !!
To know more about this company, just login to -
http://www.sanmargroup.com/chemicma.htm
WE EXPECT THIS STOCK TO TOUCH 135-150 LEVEL IN MEDIUM TO LONG RUN.
ONE MUST HOLD ATLEAST 200 SHARES OF THIS COMPANY !!

JK Synthetic: (10.63) -Dbhat-11aug2k5

JK Synthetic: (10.63)

The stock has broken out after heavy accumulation between 16 & 6 forming a saucer pattern.All set to shoot up to 19 in next very few days.Stock traded at Bse only: 500306.

VALLIANT COMMUNICATION: (61.85)-Dbhat-11aug2k5

VALLIANT COMMUNICATION: (61.85)

This 12% dividend paying TELEOM sector stock on charts has come out of huge accumulation occurred between 59 & 38 in a continuous higher top higher bottom formation on 200dma indicates rocket like up move on the card.Don't miss the opportunity & grab keeping stop loss of 56 on a closing basis.All set to shoot up to 126 in very short span of time.Stock traded both at BSE only: 526775.

Sugar-Getting Sweeter by the Day-12aug2k5

Market Buzz:
(May not be useful for day-traders.)
Sugar-Getting Sweeter by the Day

Mexico's two powerful sugar growers' unions said Monday they had rejected a proposal put forward by Agriculture Minister Javier Usabiaga to resolve a dispute over a new bill that President Vicente Fox has said he will veto. The dispute intensified Monday when in the early hours of the day an estimated 6,000 cane growers from across Mexico's 15 sugar producing states blocked the entrances to the federal offices of the Ministry of Agriculture in Mexico City. The blockage of the ministry comes after growers staged local blockages beginning last Tuesday in the agricultural ministries in the 15 sugar states. Those local protests continued Monday, according to police and eyewitnesses in the state capitals. "The sugar cane growers are fed up with the lies and the intolerant attitude of the Minister (Usabiaga)," a spokesman for the National Sugar Cane Producers Union, known as CNC.
Pakistan may have bought first Indian sugar cargoReuters reports - Pakistan, which lifted a four-year ban on Indian sugar this month, may have bought about 20,000 tonnes of sugar from its neighbour in what traders believe are the first purchases from the South Asian supplier. "We have heard that some 20,000 tonnes of Indian sugar has probably been done. This is for immediate delivery," said one Karachi-based trader.
Fiji Sugar Reports $2.6 Million FY LossThe future of Fiji's money-losing government-owned sugar business lies in growing sugar cane for ethanol and electricity generation, its chairman said in announcing annual earnings Tuesday. Fiji Sugar Corp., which operates the island nation's four sugar mills, reported a $2.6 million net loss for the financial year ended May 31, compared to a $6.5 million loss for the fourteen months to May 31, 2004. During the year, the government converted $32 million in loans to equity, providing the company with a fresh equity injection of $31 million. With higher oil prices boosting energy costs, some cane could be used to produce ethanol, a biofuel that is blended with gasoline to reduce auto emissions and increase gas octane levels, said Ross McDonald, the chairman. Also, crushed cane from sugar production could be burned to produce power for the nation's electricity grid, he said.

CUBEX TUBINGS-Kamadhenu-3aug2k5

YESTERDAY`S SEARCH ITEM WAS
CUBEX TUBINGS
BSE CODE 526027
YESTERDAY OUR SUBSCRIBERS BOUGHT IT AND MADE IT HIT UPPER FREEZE !! YOU STILL CAN BUY THIS AMAZING TURNAROUND CASE WITH AN ANNUALIZED EPS OF MORE THAN Rs. 11.
THE STOCK IS RULING AT JUST 25-26 LEVELS !!
WHY ??
JUST GRAB IT AND FORGET FOR EXCELLENT RETURNS !!

CAPITAL HOTELS -Kamadhenu-3aug2k5

CAPITAL HOTELS -
BSE CODE 526917 @ 28.15 !!

JUST READ IT`S FUNDAMENTALS
THE COMPANY IS A TOWNSHIP DEVELOPER !!
IT HAS SUCCESSFULLY DEVELOPED A TOWNSHIP IN HOLYLAND HARDWAR NAMED GAYATRI LOK, COMPRISING OF 400 FLATS !!
NOW IT IS DEVELOPING ONE MORE TOWNSHIP NAMED SHRI KRISHNA ALOK IN VRINDAVAN !! THIS TOWN SHIP IS SPREAD IN AN AREA OF 6.50 ACRE. THE COMPANY PLANS TO BUILD ONE LUXURY HOTEL, 200 FLATS AND A SHOPPING MALL COMPRISING OF SHOPS, BOUTIQUES, RESTAURENTS ETC IN THIS TOWNSHIP.
THE COMPANY OWNS ONE FAMOUS AND SUCCESSFULLY RUNNING RESTAURANT NAMED `TEQUILA` AT DELHI.
THE COMPANY IS ALSO IN THE BUSINESS OF EDUCATION PROGRAMME !!

JUST GRAB IT IMMEDIATELY AFTER OPENING SO AS TO GET SUPER-DUPER RETURNS !!
OUR SHORT TERM TARGET FOR THIS STOCK IS Rs. 50 .

MIRC ELECTRONICS LTD :500279-Asethi-3aug-2k5

At 9:55 , Just Grab your choice of quantity of this baby !!
MIRC ELECTRONICS LTD :500279
Traded @ NSE as :MIRCELECTR
Thirsty Day & Swing Traders ,
Buy this VIRGIN STOCK ------Keep a stop of 23 for whole month & forget.
*Above 25.40...Buy 25000-1 LAC shares and Sell @ 32 , 34 ....101% nonstop rally !!
*Buy @ opening bell.....Sell 50% @ first freeze and remaining tomorrow.
*OPEN CHALLENGE :Stock will kiss Rs.39 level very very soon !!
SMALL REQUEST :Please look @ the Weekly chart and See explosion.

From our Research Desk :(Please read & enjoy )
SMN TEAM RECOMMENDS TO BUY the makers of "ONIDA" brand …..
And JUST click .....http://www.onida.com/onida/home/home.asp
Our RADAR indicates :
MAJOR OUTSOURCING "Breaking NEWS" ......on card !!
"MIRC to Gets 350CR order for making TV Sets and AC's from UNITED NATION "
WE THINK>>>THIS ORDER IS For an arab country "IRAQ"
MCAP Is 350CR and if the order size is to the tune of of Mcap that is 350 crore.....should this stock trade @ Rs.25 ????????????????????????
Great Funda & one unknown fact :
PROFIT FOR JUNE Q1-2005 :6.3CR VS 4.3 CR UP 46%
Shareholding ::
promoters ……54%
FII’s ……10%
(FIDELITY HAS ENTERED IN THE MONTH OF JULY 2005)

Vinati Organics:Dbhat-3aug2k5

Vinati Organics: (49.70) This PHARMA sector stock on charts has come out of huge consolidation occurred between 67 & 33 on 200dma indicates third dynamic bull wave on the card. Company just yesterday declared 10% dividend.

* Promoters holding: 68.80%
* Common Public Holds: 27.74%

All set to shoot up to 107 in very short span of time.

Stock traded at BSE only: 524200.

Emami Ltd: (84)-Dbhat-3aug2k5

Emami Ltd: (84)

This PERSONAL CARE sector 50% dividend paying stock on charts has come out of huge consolidation between 112 & 70 occurred on 200dma over the past eight months indicates superb rally on the card.* Total Promoters holding: 88.23%* MFs & UTI holds: 3.47%* FIIS holding: 1.36%* Common Public holds: 3.67%Just grab keeping stop loss of 77 on a closing basis.All set to spurt up to 180 in very short span of time.Stock traded at BSE only: 531162.

EL Forge-Hameed-3aug2k5

Market Buzz:
(May not be useful for day-traders.)
EL Forge-Forging in a Global Footprint
BSE 531144, CMP Rs 124.45 BUY (Not applicable for day-traders.)
Shares O/S: 6.56 mn Market Capitalisation : Rs 82 crore
Fiscal 2005 EPS: Rs 6.53, Fiscal 2006 e: Rs 10
12 M Targeted price: Rs 175
Market Capitalisation on targeted price: Rs 114 crore
Chennai based forged components manufacturer EL Forge has set in motion a tear away growth trajectory which should push its gross sales to over Rs 300 crore by the fiscal 2007. This is being achieved by a near 70 per cent increase in installed capacity by end 2005 costing Rs 17 crore, and acquiring a UK based forging concern with annual revenues in excess of Sterling pounds 4.5 million or Rs 40 crore approximately.
The basics
El Forge is one of the leading forging producers in South India with over 38 years of experience in metal forming. El Forge serves major vehicle and automotive component manufacturers and process industries, both domestic and overseas. The range of materials handled include Carbon, Alloy and Stainless Steel, and supplies are made both in as forged and pre-machined condition.
The total annual capacity with EL Forge is 14,200 MT, which is being raised to 24,000 MT by end 2005.
To which will be added the UK acquisition
Earlier this year, the EL Forge board approved the acquisition of a majority stake in SHAKESPEARE FORGING LIMITED (S F L), Birmingham, UK. SFL is a forging company catering to the automotive, agricultural, mining and other segments mainly in the UK. For the year ended 31st December 2004, SFL achieved a turnover of £ 4.5 million. Apart from giving ready access to the UK market, the El Forge management believes that consequent upon the acquisition, the turnover from this platform can be significantly enhanced in the coming years.
At present roughly 25 per cent of the production at El Forge is shipped to discerning markets in the US, UK and Germany. With the UK acquisition, El Forge would be able to the serve the European markets without encountering protectionist measures or taking over the currency risk of producing in rupees but selling in Euros or pounds. Except that El Forge will have to account for translation differences at the end of the year.
Rich Pedigree of Clients
From its four manufacturing units in Chennai and Hosur, El Forge supplies forged products to the likes of Bosch India and Germany, Arvin Meritor India and USA, Sundaram Clayton and Clayton USA, Rane TRW India and TRW USA, Toyota India and Toyota Japan, and IL Jin Korea. The products include drop forgings, press forgings, upset forgings and semi finished machined units. These broad categories cover engine parts, transmission parts, steering and suspension parts, brake assembly parts, chassis parts, drive lines and electricals.
Financials are improving
For the first quarter to June 2005, El Forge reported gross revenues of Rs 25.5 crore (Rs 19.4 crore), with after tax profits of Rs 1.19 crore (Rs 73 lakh). These numbers are pointer that stand alone Revenues of El Forge would exceed Rs 125 crore (Rs 93 crore) for the fiscal 2006, with after tax profits of Rs 6.5 crore (Rs 4.36 crore). Thus, fiscal 2006 EPS would rise to Rs 10 as against Rs 6.53 for fiscal 2005.
There are couple of things that need to be considered here. The promoters would be raising their stake in El Forge later in the year through a preferential offer, and there is a very high likelihood that the UK acquisition too would be funded through a preferential offer to FIIs, QIIs and OCBs at a premium to the current market price of Rs 124.45 per share. The stock is already favoured by some FIIs including Goldman Sachs Mauritius, which owns a 6 per cent stake in the company.This process will however, lead to a dilution in equity during fiscal 2006.
The more important part is that the annual accretion to Revenues in excess of Rs 40 crore from the UK acquisition and a 70 per cent increase in installed capacity would become evident in Q3 and Q4 of fiscal 2006, which would nullify the impact of an equity dilution.
To me the corporate with its existing links with European and US component buyers, would move into a growth trajectory in 2006, which will reach a crescendo in 2007 and 2008. In all a doubling in turnover over the next 3 years, and a doubling in profits needless to say.
The El Forge stock is an emerging growth story, and current valuations are inexpensive in relation to the growth envisaged. BUY.

Asethi-2aug2k5

2335: is Major Hurdle for NiftyFuture Electronic Baby :Ready for 1-2-3-4-5 upperfreeeeeeeeze !! (Just scroll down & Mint MONEY IN TONS) BPCL : Above 376....... will kiss 388 or 392 level. Now , Today expect -----unexpected move in MIDDAY DECCAN CRON : Looking explosive
Now read these unknown facts : Recent HSBC report says that foreign investors own a "staggering 74 percent of free float " in the market. And their stake in Sensex has risen over 40 percent in the last 12 months. Are these investors really foreigners ?Or are they Indian scamsters and tax evaders who are laundering their money through foreign accounts ? If the Bull gang is a bunch of Indian scamsters , masquerading as foreign investors then the bear cartel is an equally dubious bunch of Fii's. Now many companies (Jo band padi hai) ..... unka be bhaav has started coming and again dirty management playing tricks. *History repeats , just wait karo................ !! FIIs pumped................. in a net Rs. 7934. 10 crore ($1. 8 billion) in July. If they are buyer then who is selling the stock ?? *This is a Million $ question ?? *CHECK KARO..................................... Nahi to ?? Now suppose , Anything goes wrong in country...... Political or War Problem arises then.......... Who will buy a stock from FII's ???
BSE INDEX : In next 5-6 weeks time...... we will see major Top formation and reason is TGD* (TIME GOAL DAYS) *In this rally..... we can see Sensex zooming to 7930 or 8150 level. *We are intact with our levels of 6000 , 5300 level. *We know , Jokers are laughing.... but we don’t care. For this month of August '05 , two consecutive close above 7672 will take to 7855 , 7965 level. Support exist at 7490 , 7414 level. For Today's trading.... It will zoom to 7687 & there after expect a level of 7708 , 7715 level in hours only. Support exist at 7650 & major support exist at 7626 level. *More details and intraday movement trend for OLC !!
Any indication from Elliot wave ??
First Wave : 2594 To 3758 Second Wave : 3758 To 2828 Third Wave : 2828 To 6249 Fourth Wave : 6249 to 4227 If this is a FIFTH Wave............. ??Then where will it stop ?? *6249-2594 =3655 POINTS *3655+ 4227 =7882 (+1 OR -1 %) *This is from ratio by taking 1:1 And if crosses this level too then apply a Ratio of 1. 618 = 3655*1. 618 =5913+ 4227 =10140

Want to double your money in next ONE month ?? 101% Virgin & Untouched

Calcom Vision Ltd :517236

"Cashing on Global EMS Wave + Indian Retail Wave" Technically Looking hot & fiery , Stock will non stop zoom to Rs. 27 , 32 & There after expect a level of Rs. 49+ (Very very soon) One side upper-freeze session will continue up to 27 , 32 level. Thirsty Day & Swing Traders... grab this stock @ 9:55. *STOCK traded @ BSE only. *Price :Rs. 18. 35. *Risk : 0% *Buy 25000-100000 shares & forget. *Traded in T2T 1-2-3-4-5--------------upper-freeze on card !! From our Research Desk : (READ , GRAB & MINT) *India's ONLY company supplying UNIQUE TVs to American Prisons. *Supplies TVs to China's 2nd Largest $9. 2 billion Appliances major - HAIER Group. *ISO 9001certified to manufacture Fly back & SMPS Transformers, Invertors, deflection yokes. *India's ONLY Company to have Special Retail Outlets called - Discount Circuit Calcom's :Indian Clients Calcom's roster of clients include LG, SAMSUNG, SONY, BPL, HAIER, DAEWOO, VIDEOCON, and ONIDA (Mirc Electronics). Now WAL MART, HAIER are looking at sourcing TVs from India as they are competitively priced. Global Clients - EUROPE, USA, Asia Pacific USA & Europe Calcom has bagged a sample order to supply 10, 000 TVs to American prisons. These TVs will have transparent bodies, no remotes and no speakers, but have only earphones. There are close to 2. 1 million people in prisons in the United States. So the future market potential for Calcom's UNIQUE TVs is HUGE. READ : Haier plans to make India as a production base for exports to neighboring countries in the near future. The company till date has launched 17 models of refrigerators, 14 models of CTVs. According to TK Banerjee, CEO of Haier India, it is presently sourcing TVs and aims at sourcing 500, 000 units in 2005 and more than 1 million by 2007. *Calcom has now diversified further into the retailing market with the launch of "Discount Circuit", the first ever concept of establishing a chain of factory outlets for manufacturing surplus, excess or slow-moving inventory and goods with minor cosmetic faults. With renewed Interest on India as a sourcing base by Wal Mart, Haier; Calcom might have good days going forward. Also, with Power sector reforms in progress, the company's facilities for capacitors and Invertors would be used for Contract EMS by power sector players. After buying this stock..... just visit :http://calcomindia. com/ *Equity :Rs. 3. 25 crore *Only 30 lac shares *42% holding with promoters. *Our short term target Rs. 50 & in 6 month will cross 100+ level.

BSEL Infrastructure Realty: (30.70)-Dbhat-2aug2k5

BSEL Infrastructure Realty: (30.70)
This INFRASTRUCTURE sector stock on charts has come out of huge consolidation between 42 & 24 on 200dma occurred over the past 5 months indicates third dynamic bull wave on the card.* Promoters holding: 63.94%* FII Holds: 3.56% * Private Corporate bodies holds: 19.89%.* INDIA BULLS Holds: 3.43%* Common Public Holds: 12.15%Don't miss the opportunity at all & grab keeping stop loss of 27.50 on a closing basis.Third Dynamic bull wave to take it up to 65 in very short span of time.Stock traded both at NSE & BSE: 532123.

Soft Sol India: (35.50)-Dbhat-2aug2k5

Soft Sol India: (35.50)
This TECH sector stock on charts has come out of heavy & long accumulation occurred between 32 & 11 over the past three long years. Bullish break out indicates huge rally on the card.* Foreign Promoter SOFTSOL TECH. INC USA holds: 47.64%* Other Promoters holds: 15.20%* FIIS holding: 37.16%* Common Public holds: 7.24%# Total Foreign holding: 87.39%Don't miss the opportunity, as it's all set to shoot up to 61 & 99 in very short span of time.Stock traded at BSE only: 532344.

Himalya International-Hameed-2aug2k5

Market Buzz:

(May not be useful for day-traders.)

Himalya International-Dark Horse

BSE 526899 BUY (Not applicable for day-traders.)

CMP Rs 13.80; Target Price Rs 20

Current Market Cap Rs 22 crore.

Market Cap on Targeted price: Rs 34 crore.

Upside potential: 45 per cent

New Delhi based mushroom and agro-commodity producer Himalya International may turn out to be the dark horse in a segment which is dominated by the likes of Agro Dutch and Flex Foods.

Recent events including the withdrawal of anti-dumping proceedings by the US Department of Commerce, will no doubt help. What would allow Himalya to grow faster is a slew of orders for Button mushrooms received from large US chains that will make a major change to its financials.

First, the rescission of anti dumping investigations


The DEPARTMENT OF COMMERCE, INTERNATIONAL TRADE ADMINISTRATION, United States was conducting yearly review against the Company and some other Mushroom Companies from India and China since 1998. The rescind order, released recently, means that there shall be no more annual review in case of the Company and the effective Anti Dumping duty shall be the last assessed, that is Zero in case of the Company.

The Company has received communication from the United States Department of Commerce on the final Anti-Dumping Duty rates on its canned mushrooms. The company has received Zero Anti-Dumping Duty. This gives an extreme edge to the company which competes with China and other nations in the US Market. The latter being the largest market for mushrooms in the world. The Company expects a windfall in its sales due to this development.

A Slew of orders from US MNCs

While participating at the Natural Restaurant Show, the largest food services event held in North America and attended by 75,000 industry professionals from over 140 countries, Himalya International bagged an order worth US $ 1.2 million from Cohen Foods, USA, one of the largest wholesale food chains in America.

The National Restaurant Show is an annual event where visitors come to see new product ideas and presentations. Supply discussions with a large restaurant chain were held at this event and an estimated sales commitment of over $2.5 million is likely to materialise shortly.

The order for mushrooms was bagged in addition to the 1.5 million pounds of specialty baby potatoes with skin-on for high-end Retail and Foodservice market. The potatoes supplied by Himalya would be re-packed in 12 oz packs by a US food giant and shall be on the shelf of 'Acme' the major supermarket chain. The Acme Group has 2,400 stores spread across 38 states making it the second largest "food-drug" retailer in the United States.

The US market, is Himalya's strength


Himalya has a on-going relationship with another high-end retail chain "Trader Joe's" for potato skins The total volume of this product in 2005 is expected to be 2.5 million lbs valued at Rs 8 crore or roughly $ 1.7 million. During last 5 years, Himalya has successfully replaced Mexican and Columbian suppliers.

Apart from Cohen, Acme and Trader Joe's, Himalya is currently executing a Rs 4 crore order for export of mushrooms under the brand "Grower's Gourmet" The trade mark has been registered in United States of America. Himalya will shortly launch value added gourmet products in the US, the first Indian company to have launched value added finished, ready to eat appetizers for the mainstream population in United States.

Earlier the Company entered IQF culinary herbs for which it has made backward linkages by way of contract farming with the farmers of Paonta Sahib, Himachal Pradesh. A total of 150 farmers are being involved during the current year and anticipated volume of frozen herbs shall be 800 Tons leading to an addition of US$ 3 million to its turnover during the year.

Existing orders worth $ 1.5 mn for IQF Button Mushrooms are being executed. Himalya expects its order book to swell during the year as it has tied up with the largest US company in the Frozen Culinary Herbs segment. In addition to Frozen Mushrooms and Vegetables, HIL shall also process IQF herbs for its US partner.


The move has been hailed as the "Modern Export Oriented Green Revolution" for the farmers of Clean and Green Himachal Pradesh.

Financials

For the year ending March 2005, Himalya reported Revenues of Rs 17 crore, with after tax profits of Rs 37 lakh. For the Q1 to June 2005, Himalya has reported revenues of Rs 5 crore, with after tax profits of Rs 47 lakhs. With an order book of $ 15 mn under its belt, it is likely that Himalya will report Revenues close to the Rs 50 crore mark for the year ending March 2006. After tax profits should improve substantially to about Rs 4 crore.

On an Equity of Rs 16.98 crore, the March 2006 EPS could turn out to approximately Rs 4. A very conservative PE multiple of 5 should give the scrip a target price of Rs 20 by March 2006, a gain of 53 per cent. The PE multiples could rise to double digit by 2007, as earnings trajectory becomes more predictable and early on in 2007, all things remaining equal, the Himalya stock should quote around the Rs 50 mark.