Investment Pick : SATNAM OVERSEAS (KOHINOOR FOODS)

Satnam Overseas (Kohinoor Foods) presents excellent value for money at current mkt price. Having posted an eps of rs. 11 plus for 2006-2007, this share is trading at a very low single digit PE. Dividend of 10% has also been declared. Since this company is primarily in the exports of Basmati Rice and other Processed Foods, the stock price is currently depressed because of the depressed dollar value against the rupee. But going forward, the future should be good for this company. Excellent BUY at current levels and one can expect minimum 50% appreciation within one year.

Investment Pick : THIRUMALAI CHEMICALS

Thirumalai Chemicals is a great stock for investment, at current mkt price. The company has posted an excellent eps for the June 07 quarter of Rs. 11 plus. The full year's eps for 2006-2007 was Rs.24 plus. The company has recently given 90% Dividend also (9 rs. per share). The medium term target for this stock is Rs. 300 and Long term Rs. 400. Currently trading at a low single digit PE. Downside risk is minimum and Upside gains can be huge.

Momentum Play

Momentum is back in the mid-small caps and traders should make hay while the Sun shines. The volumes have increased many fold in the smaller stocks and one can take short term positions in stocks like Supreme Petro to make quick gains. Cheers!

New Astro Post

Check out your astro forecast for the coming month at my astro site: http://superstarastro.blogspot.com

MADHAV MARBLES REVISITED

Madhav Marbles was first recommended by me around Rs.90 levels approx. six months back after which it rallied to 162 levels within approx. one month of my reco. It stayed in the 140s for quite a long time. Then after the market crash in March, this stock has come down to its current lows of around Rs. 75. The company has already posted an EPS of Rs.20 for nine months and the full year EPS could be approx. Rs.25 or more. The reason for its fall to current levels could be the depreciating value of the Dollar against the Rupee, besides Operator activity. The company has a board meeting on the 28th of June, 2007 to declare the annual results and discuss dividend. I think it is available at a steal presently and can give rich rewards in the future, if held patiently. The delivery volumes are a very high 79% which indicate accumulation. Cheers!

HOT INVESTMENT PICKS: ARVIND MILLS

The demand for denim is picking up again, and Arvind Mills is currently trading near its year's lows. I reckon it's time to start buying this stock again. Arvind Mills is a frontline stock in the textiles sector and has posted an eps of Rs. 5.40 for the year ended, March, 07. There was a time when Arvind Mills used to trade at a PE of even 20, but currently trading at a PE of only 8. The delivery volumes for yesterday were a very high 69%. Technically also this stock looks ripe for an upmove, with immediate targets of 55 and then 68. For long term investors the targets can be over 100 also. Cheers!

PS: I continue to like SRF Limited, Salona Cotspin (bse) and FCS Software. These are at the top of my buy list.

Astro Forecast and Market Outlook

Hi friends,

Sorry for the delay in publishing this month's astro forecast for all the Moon signs of the zodiac. I have been quite busy lately and just could not find the time to do it earlier. The forecast has now been published and you can go to my astro site : http://superstarastro.blogspot.com/ to read it.

My outlook for the stock market in the coming month is cautiously positive. I feel that the worst is behind us and one can selectively cherry-pick good value stocks which have been beaten out of shape, for long term investment. The sectors to watch would be Textiles, Chemicals, IT, Pharma & select Banking in the coming weeks. The world wide mayhem in the stock markets was triggered by the inauspicious opposition of Mars and Saturn in the celestial skies. And once Mars moves out of Capricorn on 29th March, things should get better. But the real big change will only come only after 16th July, 2007 when Saturn returns to Leo.

Cheers!