Scrips which needs to be accumulatd at the Current Market Prices:

Government's recent move related to broadcast of Satellite Television Signals could be positive for Kohinoor Broadcasting Corporation Ltd and Sanguine Media Services Ltd.

Energy Development Ltd/NEPC India Ltd/Indowind Energy Ltd, will get positively affected because the government will give 50 paise as incentive for a unit of electricity generated by Wind Power Producers for 4-10 years.

Kohinoor Broadcasting Corporation Ltd (Book Value: Rs.11.78, EPS: Rs.1.39, P/E: 3.97 against industry P/E of 33.32, Market Cap: Rs.60.83 Cr only, while the value of Tagore Theatres alone is around Rs.100 Cr. So the business of the company and other assets are free for the shareholders at this price) should be accumulated at the CMP of Rs.5.52 for good appreciation in the next few months. The company could launch the channels in the next 3 to 4 months time frame, according to the sources close to me. It is also planning to show its channels in US and UK, which is a great news for the shareholders.

Now, if we go through its shareholding pattern we would see some very important developments: The Foreign Institutional Investors (FIIs) hold 17.95% stake in the company, while the corporate bodies hold 14.25% of the shares of the company as of 30th September, 2009. This shareholding figure of FIIs have been constant considering Y-o-Y figures. What I mean to say is that even after such massive unwindings of FIIs from many counters, their holding in Kohinoor Broadcasting Corporation Ltd, has remained constant in the last one year, which is very encouraging developments for the shareholders.

Moreover, the holdings of the corporate bodies has increaesd from 13.24% to 14.25%, considering Y-o-Y figures--this is also another positive development of the company.

Let us take a look who are holding shares of Kohinoor Broadcasting Corporation Ltd:Sophia Growth (9.34%), Shriram Credit Company Ltd(4.74%), Religare Securities Ltd (1.30%), Mavi Investments (3.39%), etc.

Besides this, according to charts, the stock is in the highly oversold territories and a normal bounce is expected, which is confirmed by Bollinger bands and daily RSI. Any cross-over could take the scrip to around Rs.XXX (for Paid Groups) ranges, by the 1st week of January, 2010. A must buy at the CMP of Rs.5.52.

Accumulate Enery Developments Company Ltd (BSE Code: 532219) at the CMP of Rs.57.5, as the company is doing excellently well. Energy Development Company Limited (EDCL) was incorporated in the year 1995 to participate in the country's renewable energy development program for sustainable sevelopment.

The Company simultaneously generates clean, green electricity from water and wind in its own power plants as well as develops energy and infrastructure projects for other developers. The Company has targets to develop and own around 500 MW of new Hydro Electric Power Projects at an approximate capital outlay of Rs.7000-8000 crores in the next 5-7 years.
The company has successfully deployed its expertise and technology to develop energy and infrastructure projects for other developers. It has created a niche for itself in providing total hydropower solutions for small hydro as well as large hydropower plants. Its services include feasibility studies, project management services, engineering, procurement and construction services and turnkey delivery.

It also provides services related to third party operation and maintenance of hydropower plants and rehabilitation, renovation, modernisation and uprating of older plants. The company is forward-looking and technology-driven with rich experience and expertise across all disciplines of power engineering, consulting, management and operational services.
The company is doing the following:

• Harangi Project
• Ullunkal HEP
• Harangi Stage- II HEP
• Karikkayam HEP
• Arunachal Projects
• Hassan Wind Project
• Chitradurga Wind Project
• Engineering, Consultancy & Project Management
• EPC Contracts
• O & M Services
• Rehabilitation & RM & U
• Bagasse Cogeneration (Eligible for Carbon Credits)

The Company demonstrated modest growth in overall business in FY09. It has commissioned new projects and acquired subsidiaries. The total turnover for the year is Rs. 117.2 Crores (Previous Yr. – Rs.65.7 Crores) The Company has two segments, namely Generation Division and Contract Division.
Generation Division:

Until FY08, the Company had only one 9 MW Harangi Hydro Electric Project in the State of Karnataka and a Wind Mill having a capacity of 1.5 MW at Hassan District. During the year, your company has successfully commissioned 7MW, Ullankal Hydro Electric Project, in the State of Kerala and also a 1.5 MW Wind Mill at Chitradurga in the state of Karnataka.

Saleable electricity generated from –(a) Hydel Power Plants were 28.036 million units (Previous Yr. – 29.03 million units) (b) Wind Mills were 4.393 million units (Previous Yr. – 1.18 million units).

Contract Division: In view of the huge spending in infrastructure in the country, your Company is targeting the growth, by participating in the infrastructure related projects such as roads, power plants, buildings etc by using the capabilities developed in house, over the years. Hence, the Contract Division was launched, which is steadily growing. This division has earned revenue of Rs. 106.23 crores (Previous Year Rs. 54.74 crores).

This scrip is a must buy especially in view of the improving fundamentals, considering the recent sequential quarterly numbers. The Q3FY10, numbers are also expected to be good, besides this lot of inter-company mergers would add more teeth to the fundamentals of the company. A must buy at the CMP of Rs.57.5 for some superb targets. From the absurd current market price of Rs.57.5, this is to give very good returns to the shareholders, believe me.