Uni Abex Alloy Products Ltd.

Uni Abex Alloy Products Ltd. produces static, centrifugal castings and assemblies in heat and corrosion resistant alloys. Manufacturing quality alloy products is its prime focus. As a leader in alloy steel castings, Uni Abex has made a significant contribution to various industries in the last three decades.

PIONEERING ACHIEVEMENTS

1976 : Reformer tubes for a fertilizer plant in India. 1983 : Bimetallic Run Out Transport Roll for an integrated steel plant in India. 1989 : Air Injection Tubes as per Lurgi design for a large sponge iron plant in India. 1989 : 50Cr-50Ni-Nb alloy components for Indian Navy for service against Fuel-Ash corrosion. 1991 : Critical components by Vertical Centrifugal Casting process for a Decanter manufacturer in Europe. 1992 : Glendon coils for a pig iron plant using Mini Blast Furnace in India. 2001 : 35Cr-50Ni-Nb alloy components for a Hot Briquette Iron Plant in India for resistance against metal dusting. 2003 : Duplex Stainless Steel alloy components by Vertical Centrifugal Casting process for a decanter manufacturer in Europe. 2006 : Developed TX-63 for Air Injector tube for high temperature application upto 1010°C.

Product range
	Refinery, Petrochemical & Fertilizer industry		Sponge Iron industry		Decanter Manufacturers
	Reformer tubes/ Catalyst tubes Harp Assemblies Hot Collectors/ Headers		Air Injection Tubes Feed Tubes Heat Protection Tubes		Bowl Cylinders Bowl Cones Conveyor Cylinders Hubs
	Iron & Steel industry		Galvanizing Plants		Metal Gasket Manufacturers
	Glendon Coils ROT Rolls Normalizing Furnace Rolls		Sink Rolls Stabilizer Rolls Entry Seal Roll		Ring Segments
	Furnace Manufacturers		Valve Manufacturers
	Radiant Tubes / Hearth Rollers Water Cooled Rolls		Cages / Seat Rings / Balls

RESULTS :- RS IN CR

NET	March 2009	December 2008	September 2008

Sales	19.13	13.87	15.38
Profit	4.53	2.23	2.48

Financial Snapshot (Rs.in millions)
Mkt. Cap	275.91
P/E *	3.92
Div	0.00
EPS (TTM) *	35.63
Book Value	105.76
Debt Equity Ratio	0.90
Return On Networth	26.55
Current Ratio	2.35
Quick Ratio	1.26

* Calculated on adjusted profit after extra-ordinary items

JOINT VENTURE WITH MANOR INDUSTRIES, FRANCE

Our Company along with Neterwala Group of Companies has formed a Joint
Venture Company (JVC) with Manoir Industries SAS, France in respect of
marketing and manufacture of reformer tubes and allied products
business for the petrochemical industries. The new Company to be named
"Manoir Petro India Ltd." will be a 60:40 JVC between Manoir Industries
and Uni Abex Alloy Products Ltd. / Neterwala Group of Companies. Our
Company will hold 20% shares in the New JV Company and the remaining
20% will be held by Neterwala Group of Companies.

Manoir Industries, France is a manufacturing company with a broad
capability in specific sectors of Chemical, Petrochemical and Refinery
markets and operates 6 foundries and 5 forging plants throughout the
world. They are the second largest producers of radiant tubes, midrex
tubes, reformer tubes, steam cracking coils and reformers for large gas
producers in the world and currently do business worth about Rs. 30
Crores in India with year on year growth. With 10 manufacturing
facilities (8 in France, 1 in Belgium 1 in UK) and joint ventures in
China and now India, they employ over 3,000 personnel and produce more
than 6000 metric tonnes per annum of centrifugally cast tubes and
static cast components in heat- resistant alloys and is worlds largest
supplier of furnace components to petrochemical, refineries,
fertilizer, direct iron reduction and galvanizing industries. The
Company should benefit considerably through this association in the
coming years.

Main highlights of the JV are:

1.  Uni Abex has entered Into a commercial rights agreement where by
Unl Abex will receive a lumpsum amount from Manoir of 425,000 Euros.

2.  In Phase-I extending over a period of three years, Unl Abex will
get guaranteed volume of orders for reformer tubes and allied products
business for the petrochemical industries failing which proportionate
margins have also been guaranteed. During this initial stage, JVC will
market Reformer Tubes and allied products and our company will receive
orders placed by JVC and Manoir (France).

3.  In Phase-ll which should commence within a period of three years,
JVC will set its own fabrication shop with advanced technology and know
how of Manoir and purchase cast tubes from Uni Abex.

4.  In Phase-Ill after successful implementation of Phase-ll resulting
in reasonable profitability and positive cash flow, JVC will set up a
full fledged Casting facility. At this stage Uni Abex would no longer
produce components / castings in competition with the JVC.

Given the fact that in the past two years, Uni Abex cumulative business
in the Petrochemical segment field was a paltry sum of Rs. 5.68 crores,
it was felt that Uni Abex would have much to gain in forming the JV
with Manor, the world leader in cast parts for the Petrochemical
Industry

note : it has small equity so don't buy for speculation buy for long term investment.

STOCK MARKET

POSITIVE FACRTORS IN THE MARKET
1) biggest factor is liquidity. There seems to be quite a bit of
liquidity in the market which is keeping it from falling and pushing
it higher.
2) Much better than expected Q1 results. The early results show an
encouraging trend. India Inc. has done a much better job in managing
their finances, especially costs. Let’s see if this trend continues for
the remaining companies.
3) A re-rating on the valuations looks likely. It seems the market is
betting on this.
4) Expectations of a big push on reforms and disinvestment. Let’s hope
the government delivers on this.
5) Moderate crude prices.
6) Benign interest rates for the time being.
7) India being a primarily a domestic consumption story, there is a
feeling that it should be de-coupled from developed markets.

NEGITIVE FACTORS IN THE MARKET
1) Valuation is quiet rich. Sensex is at more than 18 times trailing
12m earnings.
2) The bounce of almost 85% from lows has been quiet rapid.
Individually many stocks have tripled or more. Any big correction can
be violent.
3) Interest rates though currently are probably going to inch upwards
in the second half.
4) Possible downgrade of the country due to HIGH FISCAL DEFICIT in the
near future.
5) US and Europe downturn to continue for a prolonged time (maybe well
into 2010). US unemployment rate expected to cross 11% (which is
probably as high as the Great Economic Depression of 1930s) in 2010.
6) The government is burdened by huge expectation on reforms and
disinvestment. Any slippage on this front will be a big negative.
7) Government and PSU borrowing to suck out a lot of liquidity from
the markets. Will India Inc. be left with left with enough liquidity
for their capex programs. A rough calculation leads to a shortfall of
Rs. 70000-80000 crore for India Inc. ECB norms need to be relaxed for
bridging this shortfall.
8) Effect of India signing global emission norms on Indian industry to
be evaluated.
9) Deficient MONSOON can really spook the market. This needs to be
closely watched.
10) Is Adani Power IPO a pointer to market peaking out for the near
term a la Reliance Power IPO? On the face of it the IPO looks
expensive, though not as stretched as Reliance Power IPO.

stock to watch

RDB INDS

MOLDTECH TECHNO

stocks to watch

polaris

geodesic

mahaseamles

sardaenergy

ranbaxy

torrentpower

9 great tips from stock market masters

Great traders are created, not born. Those who lack discipline, persistence and self-confidence lose the never-ending challenge of trading profits. But those who survive the battle by using the tools used by the masters enjoy the fruits of consistent success.
Different master traders use different methods and approaches. But what is that one aspect that the greats all agree on, masters ranging from George Angell, day-trader, technical analyst par excellence; Gerald Appel, father of MACD, one of the most widely followed timing tools; Bruce Babcock, developer of trading software; George Lane, father of stochastics and one of the most experienced technical analysts in the world; Robert Prechter, the pre-eminent Elliott Wave analyst whose forecasts are followed by traders throughout the world; Welles Wilder, the man behind Delta and RSI and developer of technical tools that have revolutionized the trading world; and Larry Williams, colourful, controversial - a legend in his own time.
No, it's not some glamorous or sexy new fail-safe technique. Rather the one aspect of universal agreement among master traders is the importance of discipline. Discipline is probably the most worn-out term in trading. But that doesn't alter its importance. Also, saying the word is one thing; truly understanding its dimensions on an operational or behavioral level is another. Here are the golden rules of disciplined trading.
Be persistent
This is perhaps the single most important quality a trader can possess. Trading requires the ability to continue trading even when results have not been good. Due to the nature of markets and trading systems, good times frequently follow bad times, and bad times frequently follow good times. Some of a trader's greatest successes occur following a string of losses. This is why traders must be persistent in applying their trading methods and continue using them for a reasonable period of time.
Accept losses
Another important quality that the market masters emphasise is the ability to accept losses and to take them promptly. Perhaps the single greatest downfall of all traders is the inability to take a loss when it should be taken. Losses have a nasty habit of becoming worse rather than better. Unless they are taken when they should be, the results will not be to your liking.
Avoid overtrading
Too many traders feel that they must trade every day. Such traders are addicted to trading. The fact is that some days offer few if any trading opportunities. The trader who wishes to preserve capital and avoid losses as well as unnecessary commission charges should understand that trading, other than mechanical day trading, is not an everyday event. There will be days when no trades are indicated. This is for the best.
Specialise
Successful trading is a time-consuming undertaking that requires close attention. Which is why many market masters specialize in certain markets. In most cases, successful trading requires diligence, follow-through and persistence. Because most trading techniques require close attention, traders should not be involved in too many markets at one time.
I suggest that five to seven markets are sufficient for most traders. In fact, for new traders, I recommend specialising in one or two markets and attending to them thoroughly to develop your skills and increase your overall profits.
Begin with sufficient capital
Perhaps one of the worst blunders that any trader could commit is to trade with insufficient capital. Virtually all the market masters agree on this point. The argument may be made that the futures trader does not need to have substantial capital in his or her account since trades are closed out at the end of the day and therefore the necessity for sufficient margin to maintain positions is eliminated.
While this may be true, those with limited funds cannot play the game as long as those with larger funds. In any venture it is important to start with sufficient capital so that the trader will not feel pressured to perform and can allow the particular trading system or methods sufficient opportunity to ride through periods of poor performance.
Use news to your advantage
Many a trader has learned the hard way that following the news frequently leads to losses. However, I have discovered ways in which the trader can use the fundamental news or developing international, domestic or political news to his or her advantage.
Do not be a follower of the news; rather 'fade' the news. Use the news to exit positions that you probably established before the news became public knowledge. I firmly believe in the old market dictum: Buy on rumor, sell on news.
On an intra-day basis, markets are very sensitive to news well before the news is known by most traders. Insiders buy and sell on expectation, sometimes based on rumor, frequently based on fact. They establish positions before the general public is aware of the news; once the news has become public knowledge, they take advantage of the surge or the drop in prices to exit positions.
Take advantage of brief price surges
At times, markets will drop or rally quickly, seemingly in response to no news. What may be happening is a rumor on the trading floor, a large buyer or buy order, or large seller or sell order of which you are unaware. Such brief price surges or drops are opportunities for you to exit positions at a profit or to establish a new position. It is important to develop this quality as a futures trader since it is entirely consistent with the futures trading objective.
Stick to your goals
Above all, remember that as a trader you have one major goal: to make money. To do so, you must be particularly aware of your net profits at all times. My advice, which is based on many years of trading, is to set yourself specific standards and conditions under which you will begin to liquidate positions. Do so while the trend is still in your favor. You may either begin to close out your positions at that time or you may use a follow-up stop loss procedure to 'lock in' existing profits.
Use market sentiment to find short-term and day-trading opportunities
I have already discussed the importance of going against the majority opinion to find profitable trading opportunities. I believe that this is one of the most important qualities a trader can possess. While there is certainly a great deal of money to be made in trading with the existing trend, it is also important to know when the existing trend has reached a possible turning point.
One of the best ways, if not the best way of doing this, is through the use of market sentiment. The trader must also be a contrarian. This does not mean that you must buck the trend, but it does mean that you must always be aware of whether sentiment is very high or very low.
This will give you important clues as to whether you should be quick to take profits, whether you can allow profits to run and whether you should look for trading opportunities on the opposite side of the existing trend.
I have learned, after many years of trading, that the major difference between those who are successful traders and those who are not is found in their discipline, their psychological makeup and in the skills they have acquired as traders rather than in the trading systems, they use.

Sarda Energy & Minerals Ltd

Company Profile:
Sarda Energy & Minerals Ltd (Formerly Raipur Alloys & Steels Limited). is a major player in the field of manufacturing of Ferro Alloys, Steel billets & ingots and Sponge Iron backed with its own Power Plant and Coal, Iron ore and Manganese ore mines. This is a Public Limited Company which is listed in Bombay Stock Exchange. The Group had mainly two big companies viz. Raipur Alloys & Steel Ltd. and Chhattisgarh Electricity Co. Ltd. On 1st July 2007, CECL has merged with RASL, which has subsequently changed its name to 'Sarda Energy & Minerals Ltd.'. Our future projects are Integrated Steel Plant at Mandhar,Raipur, 1100 mega power project at Champa, Power Plant at Kollam,Raigarh and Coal Washery Plant at Karwahi,Raigarh(CG).Raipur Alloys & Steel Ltd. was incorporated in 1973. This is ISO 9001:2000 certified company. The Company was taken over by the present management in 1978-79 as a sick unit with a meager steel ingot making capacity of 18,000 MT per annum. The Company had continuously modernized & expanded its production facilities, bringing up the steel making capacity to 1,40,000 MT per annum. The Company went into backward integration in the year 1991 with installation of Sponge Iron Plant of 30,000 MT per annum capacity, which was further expanded in 1995 to 60,000 MT. Presently the plant produces 3,60,000 MT of sponge iron per annum with its Two 100 TPD Kiln and two 500 TPD Kiln. Chhattisgarh Electricity Co. Ltd.(CECL) commenced production in 2001. The company has an integrated state of the art Ferro Alloys plant with an installed capacity of 66,000 tonnes of Ferro alloys production annually backed with its own captive Thermal Power Plant of 50 MW. The company has five 9 MVA closed top submerged Arc Furnaces equipped with pan casting facility for slag and tramp free tapping, ensuring cleaner product.



just buy around 125 rang last nine months it has posted 36 eps expecting 40 for full year. price target 200 in next 3 months
watch this video: report on sarda
http://connect.in.com/play_videos/Ashish_Chugh/517231/1dc299437c7a162615fdc6f01e614820c51224b3/1

High Energy Batteries (India) Ltd

available with the Company, HEB has identified Lead Acid Battery market in Automotive and UPS
application as a diversification plan. The company proposes to set up initially a facility to manufacture
200000 units per annum which could be upscaled on a modular basis to 10 Lakh units per annum
after gaining experience in production and as well as marketing of the Lead Acid Batteries

FUTURE OUTLOOK
Since inception, HEB had concentrated on specialized batteries for the Defence application and those
used in aerospace and railways. The company has so far developed and supplied batteries for
various strategic applications and has won several national awards. However, the procurement cycle
of Indian Defence is of the order of four to five years. While some flexibility were available in product
pricing in the earlier years, intense competition from Indian manufacturers has cut down operating
margins severely. Export potential of the present product range on a continuous basis also appears
limited.

Hence the company is currently working to diversify its product range to include manufacture of Lead
Acid Batteries, which will be used in Automobile and UPS applications, for which market offers
tremendous opportunities. The company is aiming at focusing more on value added products, which
helps the company to occupy the strong position both in the Indian and world market.

Overview of the Market and Business

HEB is a manufacturer of hi-tech batteries for use in Army, Navy, Air force and launch vehicles. The
company has a strong base of in-house R&D to design, develop and establish manufacturing, silver
zinc, nickel cadmium and silver chloride magnesium for stringent application such as under water
propulsion, control guidance, communication, emergency starting and for aerospace applications.
The Company can undertake any development activity and establish the technology for the
manufacture of electrochemical system for use in any critical applications.
The back up power requirement is rapidly growing in advent of IT industry and sophisticated
machinery/weaponry. The company received awards for establishment of technology and
indigenization, details of which are listed in page 50 of this Letter of Offer. The market with the
growing Defence expenditure and Government's interest to off-load to private enterprise, the
segment though not huge, grows in a normal phase.
Regarding Nickel Cadmium batteries, the market for Aviation sector is increasing because of open
sky policy of the Government. HEB is in the process of getting Type Approval for various batteries for
various aircrafts and in the near future HEB will make entry into the Civil Aviation. Equally attractive
is the potential for Metro Rail Coaches and HEB has already supplied batteries to Delhi Metro
(DMRC) and is in the final list for DMRC Phase-II. HEB is also supplying batteries for ISRO lauch
vehicle application.
Based on the experience in the technology, HEB Company proposes to diversify into Lead Acid
battery production for various applications.
Considering the growing market potential for the Lead Acid Battery and the technical expertise
available with the Company, HEB has identified Lead Acid Battery market in Automotive and UPS available with the Company, HEB has identified Lead Acid Battery market in Automotive and UPS
application as a diversification plan. The company proposes to set up initially a facility to manufacture
200000 units per annum which could be upscaled on a modular basis to 10 Lakh units per annum
after gaining experience in production and as well as marketing of the Lead Acid Batteries



EQUITY CAP : 90 LAKS
B00K VALUE: 125
LAST EPS 3.5 RS
EXPECTING 20EPS FOR FULL YEAR
EXPECTING DIVIDEND 40%
RIGHTS ISSUED 1.1 RATIOAT 10=90 RS
CURRENT MARKET PRICE 130.65 EXPECTING 200 IN 3 MONTHS TIME