Sokhi Market BUZZ (What's COOKingggg ??)

* The corporate raider who was eyeing Hindalco a year and a half back may again turn active as the share is available at half the price together with Novelis.

* FIIs continue to offload and the market continues to bleed with many scrips making new daily lows irrespective of their intrinsic worth.

* ITC & HUL are the only scrips standing rock solid in the carnage since January 2008. This means that big players are bullish on the domestic consumption story.

* Time and again, the market goes to extremes on either side and even surprises retail investors, who hold on to scrips in the belief that share prices can’t fall further.

* Distress selling by FIIs on the Indian bourses has put domestic investors in distress!

* Hats off to Indian punters, jobbers and operators! They still exist and are melodiously humming “Jeena yahan, Marna yahan…iske siva jaana kahaan?”. That’s the spirit.

* West Bengali’s loss in Uttarakhand’s gain – Nano style. The comrades lose one more vote of confidence, this time from the industrialists.

* Sterlite Tech’s recent acquisition of Brand-Rex of UK, a cabling company shall enable it to increase its cable wire solutions in world markets to 8% from 4%.

* Cement prices are likely to go up by Rs.3 to Rs.5 per bag in October 2008. Look out for cement majors in coming days.

* GAIL and L&T go ex-bonus in few days from now. Marketmen expect GAIL to touch Rs.400 and L&T Rs.2000 in a few months from now.

* Gold sparkles on the back of a financial crisis in the West. Experts see it cross Rs.15000 for 10 gms by March 2009.

* United Phosphorous has announced 31 October as record date for 1:1 bonus issue. It makes sense to pick up this cum bonus stock at current low prices.

* Ranbaxy is a decent medium-term pick as it has corrected heavily. With the promoters increasing stake and the US problems getting resolved, the stock is bound to appreciate.

* JMC Projects is being fancied as a decent stock with good order book and cheap valuation.

* Indian Hume Pipes, which caters to water infrastructure projects, has yet to utilize its huge surplus land bank. A value stock.

* With a likely EPS of over Rs.16 in FY09, Bharat Gears is a good buy.

* Major expansion will trigger decent growth in the bottomline of Amara Raja Batteries. Some analysts strongly recommend the share for decent gain in the medium term.

* With massive investments of over Rs.175 cr. in the last two years, the shares of Hanung Toys & Fabrics are an excellent buy.

* Knowledgeable investors are acquiring the shares of VST Tillers & Tractors as it may relocate its plant from its highly valued Bangalore property. With a likely EPS of over Rs.30, the share is going cheap.

* Having bagged Rs.1100 cr. order for its pipes, Man Industries is a value buy and can fetch over 50% returns in the long-term.

* A mutual fund analyst recommends Rolta, which is a major beneficiary of the nuclear deal. Its sales may exceed Infosys if things work as per plan.

* Market grapevine has it that Austin Engineering is likely to post an EPS of Rs.24 in the current year and may even surprise the market with a liberal bonus.

* Som Distilleries is reportedly faring well and can post an EPS of Rs.8 in FY09 and Rs.12 in FY10. Long-term investors can pick up this scrip.

* Celestial Labs has been attracted good investment buying. Knowledgeable persons project an EPS of Rs.11 in FY09 and a share price of Rs.45.

* In this nervous market, Godawari Power can be bought for decent appreciation in the long-term. It has been allotted coal and iron ore mines, which will push up earnings significantly. Sources expect an EPS of Rs.60 in FY09 and Rs.80 in FY10.

* With an estimated consolidated EPS of Rs.10, the shares of Lumax Auto Tech are an excellent buy. Sources expect a gain of 50% in the medium-to-long-term.

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