Investmnet plan for NSE Metal Sector @ Advices By Moneymaker Research PVT LTD.

The steel industry and its related metallurgy and mining industries have witnessed quite a few
investments and developments in the recent past. Some of the notable investments are as
follows:

@ L&T Special Steels and Heavy Forgings have entered into a five-year technology transfer
agreement with Japan Steel Works. This agreement covers transfer of critical technology for
steel-melting and heavy forgings made from ingots weighing up to 200 tonnes and for the
hydrocarbon and thermal power sectors.

@ JSPL Group has commissioned a Greenfield 2 MT steel plant in Sohar, Oman at an
investment of US$ 800 million. The Greenfield unit will be one of the largest steel plants in the
Gulf region.

@ Steel Authority of India Ltd (SAIL) has secured contracts for supplying over 117,000
tonnes of rails after successful bids for two global tenders floated by Rail Vikas Nigam Ltd
(RVNL), for major upcoming passenger rail line projects in India.

@ JSW Steel plans to commission Rs 4,500 crore (US$ 748.55 million) cold rolling mill
(CRM) at its integrated steel plant in Torangal, Karnataka. The unit, which will produce high-
strength auto-grade steel, has an installed capacity of 2.3 million tonnes per annum (MTPA).

@ Canada has invited Coal India Ltd (CIL) to explore mining opportunities in British
Columbia, as per Mr. Stewart Beck, Canadian High Commissioner in India.

Ranbaxy loses exclusivity on heartburn drug in US || Investment Idea

Drug maker Ranbaxy’s troubles with the US Food and Drug Administration (FDA) continue, with the American regulator allowing Israel-based Teva Pharma to launch the generic of Nexium, a heartburn medicine from the AstraZeneca stable. Nexium makes about $4 billion in global sales. Ranbaxy’s loss, meanwhile, could be gain for drug major Cipla, which provides Teva Pharma formulations for Nexium generic. Teva’s benefit from an early entry into one of the biggest drug opportunities will have a rub-off on the Mumbai-based Cipla.

 

Investment Idea

- BUY NCC ABOVE 76 TARGETS-76.7,77.4,78.1 SL-74.5 .

- SELL JINDAL SAW BELOW 88.6 TARGETS- 87.8,87,86.2              SL-90.2 .

                  

Equity Report Daily & Stocks Recommendation By Moneymaker Research

Benchmark shares indices gained for the fifth straight day and also ended at record highs for the second straight session after the International Monetary Fund said that India will grow at a faster pace than China in fiscal 2017. The 30-share Sensex ended at a fresh record closing high of 28,889 after hitting a record high of 28,958.10 and the 50-share Nifty ended at a fresh record closing high of 8,730 after touching a life time high of 8,741.85. On the sectoral front, BSE Consumer Durables index emerged as the top gainer up 1.4% followed by BSE Capital Goods, IT and Teck indices gaining up to 1%. BSE Bankex was up 0.4%. However, BSE FMCG and Metal indices lost sheen and were down over 2% and 0.6%, respectively. The rupee trimmed its initial gains, but was still quoting up by 7 paise to 61.62 against the US currency in late morning deals today on bouts of dollar selling by banks and exporters.

Stocks Recommendation @ Investment advises 

@ Buy mahindra CIE above 248 targets 250.5, 253, 255.5 sl 243.

@ Buy AIA Engineering above 1110 targets 1120, 1130, 1140 sl 1090.

@ Sell Kesoram Industries below 129.5 targets 128.3, 127, 125.7 stop loss 132.