PSUs IPOs ..

The equity markets will see a fresh inflow of Rs 45,000 crore, if theinitial public offerings (IPOs) for public sector units (PSUs) slated for2006 go as per planned. According to primedatabase.com, the issues in thepipeline include 10 public sector banks, 11 private sector banks and a hostof other PSUs such as Air India, Bharat Earth Movers, Indian Airlines,Power Finance, Power Grid and Shipping Corporation of India.

In the telecom industry, Aircell, Hutchison, Idea and Reliance will tap thecapital market. Public issues of Gujarat State Energy Generation, GujaratState Petroleum and Gujarat State Petronet will hit the market in January.

In 2005, Rs 22,754 was raised through public issues.

"The IPOs are Rs 85,000 crore strong and is building up by the day. In2006, the public issues could touch about Rs 45,000 crore," said PrithviHaldea, CEO of Prime, a database on the primary market.

Infrastructure is another hot sector with public issues expected fromAction Construction Equipment, Cochin International Airport, GMRInfrastructure, Godavari Ispat, GVK Power, IJM Infrastructure, OmaxeConstruction, Ramky Infrastructure and Sadbhav Engineering. The aviationsector will see fresh issues from Air India, Deccan Air, Indian Airlinesand Kingfisher.

The media and entertainment sector has Radio Mirchi and K Sera SeraProductions, both hitting the market in January. AB Corp, Inox Leisure,Jagran, Indian Express, RGV Film Factory and SRS Entertainment are theother players planning to tap the capital markets.

In the retail and textiles sector, Giny & Jony Apparel, Hidesign, Landmark,Maheshwari Mega Ventures, Multiple Zones, Orient Craft, Shirt Company andSoma Textiles have chalked out plans to raise money.

The financial sector has issues lined up from Mahindra & MahindraFinancial, BSE, Multi Commodity Exchange, National Commodity Exchange andSharekhan.

Sharekhan Trading Call

Date: 04/01/2006 | Company Name: AMTREX | Call Type: Go Long
Stop Loss/ Reversal: 82.0000
Buy/Sell Price Rs.: 88.00
Current Price Rs.: 87.00
Potential P/L%: -1.1300
Target: 105-109
Remark:
Investment Argument: The stock has completed wave "2" at Rs82. Buy the stock with a stop loss of Rs82 for targets of Rs105 and Rs109.

Sharekhan Trading Call

Trading Call
Date: 04/01/2006 | Company Name: RELCAP | Call Type: Go Long
Stop Loss/ Reversal: 435.0000
Buy/Sell Price Rs.: 457.00
Current Price Rs.: 458.30
Potential P/L%: -0.1200
Target: 537
Remark:
Investment Argument: The stock has posted a double bottom at Rs415. It has witnessed a break-out above the medium-term trendline and the trendline is now a support. The 40-DEMA and the trendline at Rs435 are support levels. On the upside the stock could test the Rs473-537 range. Buy the stock with a stop loss of Rs435 for a target of Rs537.