Sparkling 2008 ahead

Market is set to enter in new Bull orbit. Our team has made another first by setting 30 K target on Sensex and now street can’t take us lightly. We are here to prove the mettle. IFCI which was the much discounted story in the last vallan and our S C team was holding their nerve cool even though the stock was plummeted by almost 30% in no time. Stock recovered by whopping 20% and on its course to fill the full vacancy.

We have issued the report with precise reasoning. Our best stocks for 2008 are RIL, REL, RPL, RNRL, IDBI, IFCI, NTPC, Petronet LNG, Arvind Mills, Bombay Dyeing and SBI are our favoured stock which will help reaching our destination of 30 K.

In cash, MINDA, Accurate, Vishnu, Kesar, RDB, Network, Stelco, Bihar, Neha, Vipul, Dhampur, Avantal, SS Duncan, Triveni Glass, Landmarc, Asian Oil, Rainbow Paper, Rama Paper, Videocon, HEG, Kernex Micro, APW, EVINIX, Triton Corp are some of the best stocks in value pick, Safe Heavens segment.

Mid cap rally will be on in 2008. large cap will move on its own whereas small cap which is the real buzz on the street can’t move without I DEVELOP call on the same. We shall be covering virgin stocks in small caps HRHR through our new section Chakry talk so that unwanted nuisance from critics can be avoided. Already the bisection of MB section into 4 categories is designed to deal with such people so that one can pick the stock of their choice.

Lot of investors has also rushed their mails for BONUS credits. All the bonus shares have been credited to their accounts and the delay was on account of approvals from the statutory authorities.

We maintain our bias whether street maintain or not. We have more than 35 items pending in our research wing which will be real block busters in 2008. Our M B team will unleash one after the other research stories in this section. We have issued buy call on Neha International today. The research reports of Neha, Asian Oil and Bihar Tubes are released in Institutional desk. We may make available the same on request and for costs.

We at I DEVELOP wish all of you a very happy and prosperous new year 2008 and would like to share only onerock solid research tip for 2008 i.e HEG heading for Rs 2500 in just 6 months on its power story. I

"The most important tribute any human being can pay to a poem or a piece of prose he or she really loves ... is to learn it by heart. Not by brain, by heart; the expression is vital.

Minda update...

Spiralling crude prices coupled with wider availability of alternate fuels, and lower maintenance cost has spurred more Indians on a ‘green drive’ with the number of CNG vehicles in the country touching over 3.54 lakh, as per industry estimates.

Interestingly, Mumbai has lesser number of CNG stations compared to Delhi, but has more vehicles running on the alternative fuel. Mumbai with 127 CNG stations has about 1,83,429 vehicles against Delhi that has 153 outlets with 1,50,000 vehicles. The other cities that have CNG stations include Hyderabad, Vijayawada, Vadodara, Agartala, Kanpur, Bareli and Lucknow.

The demand is not only driven by mass transport vehicles, but is catching up among passenger cars as well. Within the National Capital Region, the number of private cars that ply on CNG are just a little less than the Government mandated CNG autos. Currently, about 70,000 autos, 50,000 cars, 12,000 buses and 5,000-6,000 taxis and light commercial vehicles are operating on the fuel.

In smaller cities, too, automobiles run on CNG seem to be getting popular, with Vadodara clocking 3,630 vehicles, Kanpur and Bareli 6,801, Agra 5,215 and Lucknow 5,430.

This is a big plus for MINDA Industries Ltd.

IDBI updates...

HDFC sold close to 8 pc stake in its life ins biz which should spark the valuation of IDBI life ins biz PE may pick stake FORTIS unlikely to dilute.