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Don’t Buy Larsen & Tourbo (L&T) This company having heavy pain after acqusition of Satyam Computers. Becareful before buying L&T.
Heavy pain L&T Short term Traget is 375/- after Satyam acquisition. Reasons.
1) In Satyam company Balance is Zero.
2) Satyam Company Salaries and Maintanacne cost is nearly 720 Cores per month.
3) Satyam Having US court cases nearly 7,500 Crores Penaulty.
4) L&Tnet profit per quarter is 400 Crores this amount is not suffixient for maintance the Satyam company for quarter. Stayam requires 2100 Croes per Quarterly. If Satyam earns 1,000 Croes per Quarter (because all big clients gone already and going some clients) so Net loss is 1100 Croes Satyam id L&T bears this L&T going loss making company.

Everest Kanto Cylinder has declared its third quarter results. The company’s standalone net profit was at Rs 8.2 crore versus Rs 21.2 crore on QoQ basis.

Karvy Stock Broking’s has maintained its buy rating on Hindustan Zinc with a target of Rs 830 in its January 23, 2009 research report. “Hindustan Zinc’s (HZL) net profit slipped by 53% YoY and 62% QoQ to Rs 3,688 million during Q3FY2009 due to the steep decline of 55% YoY in the LME zinc price to USD 1,189 per tonne. Volume growth of 26% in mined zinc metal and rupee depreciation could not offset the impact of the fall in selling price. We believe that the company’s performance is likely to see a decent improvement from Q3FY2009. We maintain our BUY rating with target price of Rs 830,” says Karvy Stock Broking’s research report.

NIFTY FUTURE

ABOVE 2725 TARGET 2746-2768-2789-2816
BELOW 2690 TARGET 2677-2651-2602-2550

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