Thursday, February 7, 2008

Amazing and interesting Cricket Facts

I found some amazing and interesting things happend in cricket, just wanted to share with ya all!

No one has completed an innings at the score of 228!

South Africans were the first to introduce TV run outs!

Graham Yallop, in 1978 was the first man to wear a helmet!

Wasim Akram is the first (an only?) man to perform a hat-trick in both one days and tests!

England and Australia played the first ever one day international at Melbourne in 1971!

Sachin Tendulkar was the first victim of the third umpire. In the Test match!

Hollywood actor Russell Crowe is Martin Crowe's cousin!

Vikram Solanki is the first ever SuperSub player in ODIs.

Sourav Ganguly is the only cricketer to have won four successive Man of the Match awards in One-day Internationals.

The first Twenty20 international was between Australia and New Zealand in 2005.

The Test match between England and South Africa at Durban in 1939 was finally abandoned as a draw on the tenth day because England players had to catch their ship home.

did you know there are "10 ways" a batsman can get out?

here we go:

There are 10 ways a batsman can be declared "out" in cricket:
1. Caught
2. Bowled
3. Leg Before Wicket
4. Hit Wicket
5. Timed Out
6. Handling the ball
7. Obstructing the field
8. Hit the ball twice
9. Run Out
10. Stumped

how many of u did know that?

Wednesday, February 6, 2008

Multi Bagger: Hindalco Industries

Aluminium capacity to boost revenues
Hindalco is on a massive expansion plan in its aluminium business with capacities increasing 3x over the next 3-4 years. The company has announced expansion projects, both greenfield and brownfield increasing its aluminium capacity to 1.5 million tons. Most of the large projects are likely to go on stream only after FY09. These expansions provide high growth visibility over the longer run. Further, with captive access to coal reserves, Hindalco's cost competitiveness is expected to improve further. We expect aluminium prices to stay around the current levels of $ 2,300-2,600 in the near term.


Novelis acquisition leads to forward integration of aluminium division
Acquisition of Novelis gives Hindalco an instant access to world class technology for rolled products. Novelis follows a pure conversion model and operates in a segment that demands stringent customer qualification standards along with high capital outlay and longer lead time. With Novelis, Hindalco would have access to regular cash flows because Novelis business model is pass through business i.e. its sales realizations are not affected by volatility in LME prices. This acquisition would give Hindalco regularity in its cash flows.

Copper business to generate a steady cash flows
Hindalco's Birla copper unit at Dahej is the world's largest single location custom copper smelter with smelting capacity at 0.5mn tons. The plant is backed by captive power plants, oxygen plants as also by product facilities for fertilisers and precious metals. Though Tc/Rc margins are subdued currently, going forward we expect the company will be in a position to charge higher margins from the current levels.

Valuation and recommendation:
We have valued Hindalco based on EV/EBITDA multiple on aluminium and copper business as also for Novelis. The stock is trading at a discount to its peers, i.e. NALCO and MALCO. We expect the stock to consolidate in the near term, and may gain as its capacities start production. On a sum of parts valuation method, we recommend a BUY with a target of Rs 220.

Company Background:
Hindalco Industries, a flagship company of the Aditya Birla Group is the largest aluminium producer in India, with a market share of 45% and is the only player that converts 67% of metal production into value-added products including high-end products like aluminium foils and packaging material. Copper smelting capacity of 500ktpa is the largest in Asia.


source...poweryourtrade.

How the Budget affects the Sensex

It's back to square one for the Indian markets. After the bloodbath they witnessed in January this year, the scenario changed for the better for the first two trading days in February when the markets recovered from the huge fall. However, the markets have once again turned bearish following a steep fall in global stock markets.

In January, the Sensex and Nifty crashed as investors panicked following weak global cues amid fears of the US recession. The index shed 1408 points (7.1 per cent) to close at 17,605.40 on January 21, the biggest-ever loss in absolute terms and also the first-ever four-digit loss for the index at close.

With the Budget around the corner, how will the days ahead be? Last year, the Sensex saw the biggest fall on Budget day in five years. How will the markets behave this year?

Will the Budget have a positive effect on the Sensex?

Sensex in Feb 2007

On Feb 28, 2007 the Budget failed to cheer investors on a choppy day. The Sensex shed 541 points to wind up the day at 12,938. It was the biggest fall since the May 18, 2006, and it was the lowest close since December 12, 2006.

The announcement of indirect tax and increase in excise duty on cement prices followed by the extension of minimum alternate tax (MAT) for the IT sector dampened market sentiment.

Outlook for the day - 06.02.08

Sensex will open with a gap down in sympathy with the world markets. Lower levels will attract bargain hunting and short covering. As FII’s are expected to pump in huge amounts, this opportunity will not be missed by them. Also, investors who received back the Reliance Power IPO money are just waiting to find an opportunity to invest. Selling is not advisable as Market will bounce from lower levels. Buying is recommended just above the lower levels of index suggested by me(18192) or when the Sensex go above 18538. Strong Support exists at 18174-18192 range and nominal support at 18413. Investors are advised to attempt bottom fishing, as US Market itself will bounce on Wednesday as it seems oversold too. One may concentrate on momentum stocks which showed tremendous strength yesterday like, RNRL, JP Hydro, Indus Banks, NTPC, GMR Infra, IFCI and many more. Various other short term tips are given below:

Expected open (First 5 minutes) 18290-18330

Recommended BUY (at lower levels today): (In order of Priority – Best Buy on Top)

IFCI : 66.40 Target 85-95 by end Feb. SL 59 on a closing basis. Good chances of IFCI meeting the February target in a single session even.

Unitech: CMP 412.20 – Target 445-450 in two weeks, SL 390 on a closing basis

RCom : CMP 677.15 – Target 790 by end Feb, SL 649

ICICI Bank: CMP 1191 –Target 1360-1400 by end Feb, SL 1172 on a closing basis.

ACC : CMP: 768.70 – Revised Target 850-860 in two weeks. SL 749 on closing basis

ONGC: CMP :1075 –Target 1184 by end Feb. SL 1035 on a closing basis

Silverline : CMP: 59.20 – Target 92 by end April . SL 48

Chennai Petro: CMP 324.50–Target by end Feb.385 SL 309 on a closing basis

Shiva Cement: CMP 13.82 – Target 18 by end Feb. SL 12.95

DCB: CMP 115.65 – Target 155-160 by end Feb. SL 108