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Friday, September 17, 2010
Annual Report - Jagran Prakashan - 2009-2010
JAGRAN PRAKASHAN LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
FINANCIAL RESULTS:
The summarized financial performance of the Company for the financial year
ended March 31, 2010 as compared to previous year is as under:
Annual Report - Reliance Communications - 2009-2010
RELIANCE COMMUNICATIONS LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Dear Shareowners,
Your Directors have pleasure in presenting the sixth Annual Report and the
audited accounts for the financial year ended 31st March, 2010.
BSE Bulk Deals to Watch - Sep 17 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
17/9/2010 513513 Aditya Ispat DEEPAK BHANDRI B 40000 12.87
17/9/2010 513513 Aditya Ispat AMIT TOMER S 35000 12.87
NSE Bulk Deals to Watch - Sep 17 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
17-SEP-2010,AEGISCHEM,Aegis Logistics Ltd,SAPPHIRE COMMERCIAL PVT.LTD.,BUY,152106,312.15,-
17-SEP-2010,AEGISCHEM,Aegis Logistics Ltd,SUNDEEP CREDITS PVT LTD,BUY,181306,318.05,-
Asian equities edge upwards
Buying continues in regional benchmarks except China
Asian markets edged higher though shares in China continued to ease on liquidity worries. Commodity prices were stronger today as the dollar eased to a five week low against the Euro and risk appetite mostly stayed firm ahead of the weekend on steady cues from over night US markets. Economic data in the US, especially weekly jobless claims, continue to impress with unexpectedly small increase. US First-time Jobless Claims Slide To Lowest Since July, making the stocks encounter a poor manufacturing data in the form of the Philadelphia-area manufacturing index. The Dow gained 22.10 points or 0.2 percent to end at 10,594.83.
Cantabil Retail sets IPO price band of Rs 127-135 a piece
The IPO opens for bidding on 22 September 2010
Apparel maker Cantabil Retail India said on Friday it has fixed a price band of Rs 127-135 per share for its initial public offering (IPO) to raise up to Rs 105 crore.
Sensex jumps 4.2% as FIIs step up buying
The key benchmark indices surged to 32-month highs on strong foreign fund inflows, higher advance tax payment by prominent Indian firms and a less hawkish monetary policy stance from the central bank at a mid-term policy review. The market gained in 4 out of 5 trading sessions in the week.
Market may consolidate after recent strong rally
Stocks may consolidate after a recent strong rally which saw the key benchmark scale 32-month highs. India has been a favourite destination for the foreign funds to park their funds as the economies in the developed world struggle to recover.
Reid & Taylor's $250 mn IPO by year-end
S Kumars Nationwide Ltd (SKNL)'s premium menswear subsidiary Reid & Taylor plans to hit the market with its $250 million initial public offering (IPO) by end 2010 and is in the process of filing its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) by end-this month, a top company official said.
RIL, cement stocks lead rally
Indian stocks resumed their winning ways after a day's pause on Thursday, 16 September 2010. The barometer index BSE Sensex and the 50-unit S&P CNX Nifty scaled 32-month closing highs. Firm global stocks and data showing heavy buying by foreign funds recently, underpinned sentiments. Hopes that the central bank may be nearing a pause in its current interest rate tightening cycle, also aided the rally on the domestic bourses. The BSE 30-share Sensex jumped 177.26 points or 0.91%, up 158.04 points from the day's low and off 44.43 points from day's low.
Daily Grey Market Premiums - Sep 17 2010
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Indosolar Ltd. | 29 to 32 | 0.50 to 0.60 (Paisa) |
| Tirupati Inks (FPO) | 41 to 43 | 7 to 8 |
| Career Point Infosystems | 295 to 310 | 135 to 138 |
| Eros International | 158 to 175 | 34 to 35 |
| Microsec Fin | 113 to 118 | 29 to 30 |
| Ramky Infrastructure Ltd. | 405 to 468 | 60 to 62 |
| Orient Green Power | 47 to 55 | -- |
| Electro Steel Systems | 10 to 11 | 1 to 1.50 |
| Gallant Ispat | 50 (Fixed Price) |
|
| VA Tech Wabag | 1230 to 1310 | 290 to 292 |
| CTV Network | 100 to 110 (Approx) | 20 to 21 |
| Ashok Buildcon | 280 to 300 (Approx) | -- |
Take some rest
Sometimes the most urgent thing you can possibly do is take a complete rest -Ashleigh
The seven-day September rally came to a halt but not without some swings which were missing in recent times. The flush of funds so far has led to Indian indices performing relatively better to their global peers.
Daily News Roundup - Sep 17 2010
RIL is considering investing in a Chesapeake Energy firm shale gas asset. (BS)
SBI has sort finance ministry nod for raising Rs200bn from the market. (BS)
Government cleared 11 new SEZ proposal including those of Infosys and Wipro. (BS)
Maruti may launch diesel SX4 by March 2011. (BL)
Sensex retreats...Nifty recoils after hitting 5900
The Indian market ended the day in the negative terrain after rallying for seven straight trading sessions. The day began on a flat note amid slightly negative global cues and trading remained lackluster ahead of the RBI policy review. However, post policy announcement benchmark indices witnessed whipsaw reactions before closing slightly lower amid extremely strong volume and turnover.
Technology sector helps US stocks to finish in the green
Murky economic data keeps stocks steady
A late rally lifted US stocks at the end once again on Thursday, 16 September 2010. Stocks spent the entire day lingering in the red. But mixed set of economic data and the technology sector helped two of the major indices finish the day in the green. Bullion metal prices struck record highs. But the market mood remained somber as FedEx announced its plans for another set of layoff.
Weak data pushes crude prices lower
Crude prices end lower for third straight day
Crude oil prices ended lower for third straight day on Thursday, 16 September 2010 at Nymex. Prices continued to stay somber due to weak set of economic data. Prices dropped despite a weak dollar.
Precious metals strike all time new high
Murky data and lower dollar impart the shine
Precious metals ended at record highs on Thursday, 16 September 2010 at Comex. Prices struck new record as dollar retreated. Murky economic data also led to higher bullion metal prices today.
Market seen opening higher on positive global cues
The market is likely to see a higher start on positive global cues. Trading of the S&P CNX Nifty futures on the Singapore stock exchange indicate that the Nifty could rise 11 points at the opening bell.
Markets expect a flat start
Headlines for the day:
Banks may defer walking in RBI's footsteps
RIL may invest in Chesapeake shale asset
PSUs to get 42% gas for power sector
NIIT
We recommend a buy in the stock of NIIT from a short-term horizon. It is clear from the charts of the stock that since the March 2009 trough of Rs 15, the stock has been trending upward. In late May 2010, the stock took support around Rs 58 and started moving up. It has been in a medium-term uptrend since then. The stock spiked 6 per cent accompanied with good volumes on September 16, decisively breaching its 21, 50 and 200-day moving average compression around Rs 67. The stock's bullish momentum is reinforced with this surge. The daily relative strength index has entered the bullish zone and the weekly RSI is on the verge of entering this zone. The daily moving average convergence divergence oscillator has signalled a buy and is hovering in positive territory. The weekly MACD is also featuring in positive territory implying upward momentum. Our short-term forecast on the stock is bullish. We expect the stock to move up further until it hits our price target of Rs 73 or Rs 76 in the approaching trading sessions. Short-term traders can buy the stock while maintaining stop-loss at Rs 69.5.
via BL
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