Gossip Column by HIDDEN CAMERA

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Dalal Street Gossip - Feb 06th

Large scale short covering in Media likely

Select media stocks like Balaji Telefilms and Zee telefilms are likely to look up today. Hidden Camera finds that most investors have shorted Zee and Balaji heavily in the market and today being the settlement day on the NSE, large scale short covering is likely to prop these media stocks.

Oil sector to be in the limelight today

Today again the limelight is going to be on the oil sector and to some extent on the telecom sector. ITI is poised for immediate gains due to relaxing of circuit filter and also due to MTNL's proposed foray into the cellphone business. Also FIIs are rumored to be long on oil and telecom PSUs.

Satyam, Reliance to look up soon

Hidden Camera feels that Satyam is likely to move up with a price target of Rs.440. Another stock which is technically strong currently is Reliance which has crossed its resistance of Rs.385 and looks strong till the Rs.410-415 point.

Dalal Street Gossip - Feb 05th

Further upside in VSNL

The upper circuit breaker on the VSNL stock has been relaxed to 16% from 8%. On the back of huge volumes and bouyant demand, this scrip has a technical upside today.

Look for downside in LCC Infotech

The lower circuit breaker for the LCC Infotech stock is being relaxed to 16% from 8%. Look out for higher selling interest on this stock and the price is likely to slide further.

Dalal Street Gossip - Feb 01st

Media stocks to look up today

The news is that Bharat Shah is to be released today evening. This is likely to have a positive impact on the media stocks. Some technical upsides are expected in Zee for the next couple of sessions.

Look for weakness in Satyam

Hidden Camera feels that Satyam stock could weaken in the next couple of sessions. This is because Sify its 52% subsidiary has reported 70% higher cash losses for the current quarter. Consolidation as per the US GAAP and subsequently the Indian GAAP is likely to exert technical downward pressure on the stock.

Dalal Street Gossip - Feb 01st

Weakness in Gujarat Ambuja expected

Hidden Camera is of the view that in the light of disappointing results Gujarat Ambuja is likely to see technical weakness today. Scrip is likely to lose at least 2-3% of its value today.

PSU stocks in limelight today

PSU stocks are likely to be in the limelight today ahead of the CCB meeting. Stocks in the oil sector viz. HPCL, BPCL, IBP and IPCL in the petrochem sector are likely to witness gains.

Dalal Street Gossip - Jan 30th

Hush Hush, Sensex will cross 4600 before budget

The hush hush rumors among the market insiders is that sensex will cross 4600 before the budget with the budget deciding where the sensex is heading. Hidden camera feels that this could happen by the 2nd or 3rd week of February itself. Focus is going to be on Reliance, BHEL and L&T and other old economy counters.

Correction in L&T likely tomorrow

Larsen & Toubro is likely to lose out its gains of today, largely because its 9 month results have actually shown a fall in margins from 3.70% to 1.21%. Also for the 9 month period the profits have fallen 65% over last quarter. Watch out for a fall in L&T tomorrow.

Reliance to see increased action tomorrow

The reliance scrip which went up today is likely to increased foreign buying tomorrow. Foreign investors have set a price target of well over 420 for the scrip according to unofficial sources. Ahead of the Reliance AGM watch out for positive action in Reliance counter

Dalal Street Gossip - Jan 29th

Cement scrips to benefit from devastation

Cement scrips especially Gujarat Ambuja and ACC which sell major shares in Gujarat are likely to benefit from the reconstruction work. Hidden Camera estimates that cement demand in Gujarat is likely to increase by 15% as a result of this devastation. Long GACL and ACC for technical upsides.

Gujarat factor to come into play today

Quick statistics by Hidden Camera suggest that Gujarat accounts for over 8% of daily turnover on the NSE and BSE. This portion is going to be dealt a body blow with the earthquate which has devastated the state. Panic selling in the first half of trading is expected although some recovery is likely in the second half.

Dalal Street Gossip - Jan 27th

Markets to crash on Monday

Markets are expected to crash wildly on Monday in the aftermath of the worst ever earthquake in Gujarat. The economic impact of the earthquake is yet to be assessed, but Hidden Camera is of the view that the loss to property in Ahmedabad alone could run into thousands of crores and the Gujarat economy may take a long time to recover. Major panic selling is expected. Look forward to a massive crash on Monday in markets.

Dalal Street Gossip - Jan 25th (daily thrice a day)

GTB/UTI Bank merged entity to benefit

The new head of the merged entity is most likely to be Mr. P J Nayak who already has a higher degree of acceptance among the investors. Mr. Gelli, who was anyway on the lookout for a successor, is likely to make way for Nayak. More techincal upsides on the stock likely.

Markets to undergo technical correction today

The markets, led by technology stocks are likely to undergo a technical correction which has already started. Considering the long weekend most operators are likely to square off their positions today. Markets, Hidden Camera feels are likely to end weak today

Dalal Street Gossip - Jan 24th (daily thrice a day)

Global Trust Bank to merge with UTI Bank, GTB to benefit

Hidden Camera feels that out the merger announcement of Global trust Bank and UTI Bank, GTB is likely to benefit since its portfolio mix is likely to look better. Also it will give it the backing of the financial muscle of Unit Trust of India. Go long on GTB and watch out for a technical upside on the stock

Satyam is due for a rise

Hidden Camera finds that Satyam Computers is seeing huge volumes and is now looking at a price target of around Rs.450-460 in the near term. You can take short term positions in Satyam for booking profits

Keep your hands off ACC

For those impressed by ACC results, Hidden Camera finds out that there is not much institutional or retail interest in the market for ACC despite a turnaround. Cement majors like GACL and L&T are preferred instead. Rumor is that ACC already fully priced in the markets.

Dalal Street Gossip - Jan 23nd (daily thrice a day)

Look out for a Correction today

Hidden Camera has it that the markets are due for a correction today in the second half. This correction is going to predominantly be driven by old scrips in the auto and banking sector.

Upside in Raymond soon

We had earlier predicted an upside in Raymond based on the proposed buyback scheme and that is what happened. Hidden Camera has it that now the sale consideration of its cement division as been realized from Lafarge and a further upside is expected in the Raymond stock.

Dalal Street Gossip - Jan 22nd (daily thrice a day)

MTNL NYSE listing announcement soon

News on MTNL's proposed listing on the NYSE is expected anytime around Thursday. Hidden Camera feels that this is likely to have a positive impact on the scrip. Expect some positive action on the MTNL front in the coming days.

Cement stocks to be back in favor

Rumors are flying around that there is going to be another round cement price hikes in the coming week. Also Hidden Camera feels that markets have overdiscounted the MRTP factor. Look for some more upsides in ACC, Ambuja and Grasim.

Action in HCL Tech likely

Hidden Camera has it that today positive action is likely on the HCL Tech counter with a better than expected Q3 results of Rs.115 crore. The real impact of these results are yet to be factored into the prices. Expect a short term uptrend in the prices of HCL Tech.

Sudden interest shown in L&T

Another counter that is likely to see action is the Larsen & Toubro. 3 major FIIs have been showing major interest in the stock and have acquired over 10 lakh shares of L&T. The proposed cement division restructuring is likely to unleash value in the company. Watch out for positive action.

Dalal Street Gossip - Jan 19th (daily thrice a day)

Wipro likely to spring a negative surprise later

Hidden Camera feels that Wipro in the light of results as expected may not spring a positive surprise. Already the scrip has touched the 8% ceiling and may not sustain. Wipro is likely to weaken in the later half of the day.

Media to be hit today

In the light of the rejection of the bail plea of Bharat Shah, media stocks are likely to be hit badly. Worst affected will be Zee. Some counters like Global Tele and HFCL are also likely to hit today due to reasons of indirect connection through a major broker in Mumbai

Dalal Street Gossip - Jan 18th (daily thrice a day)

Action on Wipro tomorrow

Hidden Camera expects uptrend in the Wipro price today and tomorrow backed by very encouraging quarterly results likely to be announced tomorrow. Hidden camera reports that profits could be up by as much as over 110% making it a star performer. But this uptrend in Wipro is likely to be more technical in nature.

Markets to open positive but turn negative

Markets could open with some positive gap but will not sustain. Hidden Camera expects weakness in Infosys and minor buying interest in Reliance. However, overall the markets are not likely to be very positive today with late selling expected in the latter part of the day.

Digital may make the markets today

Digital is expected to announce its results today. Hidden Camera expects a 35-40% increase in profits for this quarter. However, markets have not been too positive in the recent past over this scrip. Hidden Camera feels that good results will actually prop up the scrip today.

Dalal Street Gossip - Jan 17th (daily thrice a day)

Infosys up on 1 Buyer

Infosys continues to attract buying interest propped by a major buyer. Hidden Camera expects the Infosys scrip to retreat soon. Hidden Camera expects markets to close in negative territory today. Rumors of arrest of major player in the market has led to weakness in stocks like HFCL. Look for retreat of Infosys soon.

Old is gold for today

Hidden Camera has culled out that banking stocks like SBI, HDFC Bank are likely to be in the limelight today. Reliance is likely to see a price target of over Rs.375/- for today. Infosys is on the sell list of most leading institutional investors and investors are advised to stay away. Focus today will be on old economy and FMCG especially ITC. Go long on ITC and Reliance, Short on Infosys and SSI.

Dalal Street Gossip - Jan 16th, 2001 (daily thrice a day)

Zee on Negative List

HIDDEN CAMERA feels that that rumors of possible bail for Bharat Shah have more hope than truth in it. Zee is already in the sell list of most major investors. Do not get carried by rumors and get into Zee at this point of time. Further downside likely. Better to stay away and watch from the sidelines.

Upside for HCL Tech

HIDDEN CAMERA believes that the upside for HCL Tech is likely to continue in the short term. This scrip has attracted huge volumes in the last few days backed by rumors of healthy quarter results on Jan 18th and the proposed ADR issue. At current prices it is close to its 52-week low. Expect good upside in the short term.

Ranbaxy appears overpriced

For those who read between the results of Ranbaxy yesterday, there is a lot to worry about feels HIDDEN CAMERA. While sales and net profits have definitely grown, the drop in margins is worrying. Secondly, the very high component of Rs.16.5 crore of other income in Ranbaxy bottomline is worrying. Also the second tranche of payment from Bayer has not been received. Operating margins have fallen from 13.5% to below 8% and the annual sales for the year ended Dec 2000 have actually fallen. We expect a lot of weakness in Ranbaxy in the short to medium term.

Dalal Street Gossip - Jan 15th, 2001 (daily thrice a day)

Do not believe the rise in Infosys

For those of you who are flattered by the rise in Infosys HIDDEN CAMERA requests to think again. This rise has been spurred largely by a keen interest shown by 1 Institutional buyer on the Infosys counter. Infosys is a classic case for a further downtrend based on not providing for ESOP costs and potential dud investments in dotcoms. Look out for further downtrends on Infosys and avoid going long on the stock.

Action will be in oil

HIDDEN CAMERA feels the action for today and tomorrow will be in the oil sector scrips. Focus will be on the marketing majors HPCL, BPCL. IBP is likely to see major action in the coming few days. All three oil scrips offer good upside potential. Enter now and consolidate holdings in oil stocks after Thursday when the disinvestment announcements are expected.

ED to swoop down on Major Broker

HIDDEN CAMERA found that markets turned jittery on Monday morning due to rumors that a major broker may get into trouble with the Enforcement Directorate for gross violations. Bharat Shah arrest drama continues and extended till Thursday. A leading business newspaper is expected to expose this scandal tomorrow.

Look for a Downside in Bajaj

HIDDEN CAMERA feels Bajaj has been shooting up in recent days due to talks of a pick up in scooter sales and good motorcycle sales. The rumors of a lease of a part of its Akurdi facility to Hero Honda is largely unfounded. Also in the medium term the Hero Honda 4 stroke scooter could be a major threat. We expect a downside in Bajaj very soon.

Dalal Street Gossip - Jan 13th, 2001 (daily thrice a day)

Infosys may go down further

HIDDEN CAMERA in the market is of the opinion that the Infosys scrip could slide further since the market has yet not factored in the impact of potential ESOP costing as well as the write-off of investments in dubious dotcoms abroad. Further downside can be expected on the scrip.

Wipro on Sell list despite good result Expectations

HIDDEN CAMERA is of the view that despite good results expected on 19th, Wipro market price is likely to go the Infosys way. Most institutional investors are already going underweight on Wipro. Also a split/ bonus is likely before March. More dilution, more equity, more fall. Oops am I talking too much.

Raymond Ltd. offers short term Upside

HIDDEN CAMERA believes that at the Raymond meeting scheduled on 15th Jan, a buyback announcement at around Rs.150/- is likely. Considering the current price of Rs.128, short term upside is most likely. Raymond could buy as much as 14% of its equity back. Insider informs that Raymond has scouting around to deploy the money received from sale of cement plant to Lafarge, and buyback is the answer.

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