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Thursday, April 28, 2011
Markets extend 4-day fall; Nifty ends below 5800
Markets remained under pressure on the settlement day of April series expiry and ended the session on a negative note.
Major headlines
Food inflation at 8.76% versus 8.74%
ICICI Bank Q4 consolidated net profit up 17%
JSW Energy FY11 consolidated net profit up 13%
BSE Bulk Deals to Watch - Apr 28 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
28/4/2011 590006 Amrutanjan Health-$ RKSV SECURITIES INDIA PRIVATE LIMITED B 18101 800.10
28/4/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 51141 807.85
NSE Bulk Deals to Watch - Apr 28 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
28-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,21846,803.63,-
28-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,A TO Z STOCK TRADE PRIVATE LIMITED,BUY,15248,806.67,-
Sensex, Nifty hit lowest level in more than a week as FIIs sell
The key benchmark indices dropped for the fourth straight day to reach their lowest closing level in more than a week as data showing sustained selling by foreign funds over the past three trading sessions weighed on the sentiment. Another reason why investors were cautious was because the central bank is seen raising key short-term interest rates by a minimum 25 basis points at a policy review early next week.
Wednesday, April 27, 2011
BSE Bulk Deals to Watch - Apr 27 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
27/4/2011 516020 Agio Paper-$ PRATIK KANTILAL PALEJA B 32798 7.11
27/4/2011 516020 Agio Paper-$ BAFNA EARTH MOVERS LIMITED S 41000 7.11
27/4/2011 590006 Amrutanjan Health-$ EUREKA STOCK & SHARE BROKING SERVICES LTD B 19888 746.48
27/4/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 108023 726.49
27/4/2011 590006 Amrutanjan Health-$ A K G STOCK BROKERS PRIVATE LIMITED B 25926 739.84
27/4/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 89632 745.83
27/4/2011 590006 Amrutanjan Health-$ DEVRATTAN TRADING SOLUTIONS PVT LTD B 20988 747.35
27/4/2011 590006 Amrutanjan Health-$ DEVRATTAN TRADING SOLUTIONS PVT LTD S 20988 747.90
27/4/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD S 89632 746.01
27/4/2011 590006 Amrutanjan Health-$ A K G STOCK BROKERS PRIVATE LIMITED S 25926 740.54
27/4/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 108023 726.31
27/4/2011 590006 Amrutanjan Health-$ EUREKA STOCK & SHARE BROKING SERVICES LTD S 19888 746.79
27/4/2011 590114 Arunjyoti Enterprises SRINIVAS RAO PABBATHI S 53323 35.56
27/4/2011 512535 Asahi Infra INDRAVARUN TRADE IMPEX PVT LTD B 280305 10.31
27/4/2011 531733 Bafna Spinning JMP SECURITIES PVT LTD B 6433002 0.39
27/4/2011 531733 Bafna Spinning KANIKA BATRA S 2000000 0.39
27/4/2011 531733 Bafna Spinning JMP SECURITIES PVT LTD S 5220605 0.39
27/4/2011 504646 Bhagwati Auto YUGA STOCKS AND COMMODITIES PRIVATE LIMITED B 24467 42.95
27/4/2011 509499 Centron Indl ICCM OVERSEAS LIMITED S 13200 22.45
27/4/2011 526971 Dhoot Indl Fin BAFNA EARTH MOVERS LIMITED S 40000 16.01
27/4/2011 533333 FINEOTEX CH TRANS FISCAL PVT LTD B 128079 207.41
27/4/2011 533333 FINEOTEX CH KUVAM PLAST PRIVATE LIMITED S 68498 207.05
27/4/2011 530945 Gangotri Iron VARSHA KUNAL VORA B 148211 66.51
27/4/2011 530945 Gangotri Iron SANDEEP SATISH SABOO B 179069 67.32
27/4/2011 530945 Gangotri Iron NEELABEN SURESHCHANDRA SHAH B 152982 68.24
27/4/2011 530945 Gangotri Iron NEELABEN SURESHCHANDRA SHAH S 152982 68.40
27/4/2011 530701 Gomti Finlease GEETA YOGENDER KHANDELIYA B 25000 13.76
27/4/2011 530701 Gomti Finlease SURESH KUMAR AGARWAL B 19000 13.76
27/4/2011 530701 Gomti Finlease YOGENDRA KHANDELIYA B 25000 13.76
27/4/2011 530701 Gomti Finlease PRAMOD V DHANUKA HUF S 22000 13.76
27/4/2011 530701 Gomti Finlease PRAMOD VISHWANATH DHANUKA S 24000 13.76
27/4/2011 530701 Gomti Finlease JAYA PRAMOD DHANUKA S 23000 13.76
27/4/2011 502880 Hindoostan Spin TIRATH PRADYUMAN PARIKH B 153350 46.22
27/4/2011 502880 Hindoostan Spin BP FINTRADE PRIVATE LIMITED B 99038 47.08
27/4/2011 502880 Hindoostan Spin BP FINTRADE PRIVATE LIMITED S 98934 46.89
27/4/2011 502880 Hindoostan Spin TIRATH PRADYUMAN PARIKH S 138599 46.95
27/4/2011 590053 KAR Mobiles-$ RAKESHKUMAR MANGILAL RANKA (HUF) B 18785 224.04
27/4/2011 590053 KAR Mobiles-$ RAKESHKUMAR MANGILAL RANKA (HUF) S 21685 225.50
27/4/2011 533343 LOVABLE A K G SECURITIES AND CONSULTANCY LTD B 108445 335.41
27/4/2011 533343 LOVABLE A K G SECURITIES AND CONSULTANCY LTD S 108445 335.46
27/4/2011 590117 Mahaveer Infoway-$ RAJKUMAR R SHIVHARE B 64000 26.49
27/4/2011 590117 Mahaveer Infoway-$ BHAVESH A KANSARA B 36000 26.50
27/4/2011 590117 Mahaveer Infoway-$ ASHISH PANALAL SHAH B 49508 26.37
27/4/2011 590117 Mahaveer Infoway-$ VIJAY GHANSHYAMBHAI PUJARA B 37892 26.36
27/4/2011 590117 Mahaveer Infoway-$ SHANTABEN CHINUBHAI PATEL B 33200 26.50
27/4/2011 590117 Mahaveer Infoway-$ SHANTABEN CHINUBHAI PATEL S 27624 26.32
27/4/2011 590117 Mahaveer Infoway-$ VIJAY GHANSHYAMBHAI PUJARA S 37882 26.24
27/4/2011 590117 Mahaveer Infoway-$ ASHISH PANALAL SHAH S 49498 26.38
27/4/2011 590117 Mahaveer Infoway-$ TEJING DALPATBHAI PATEL S 29093 26.49
27/4/2011 533204 MANDHANA S K GLOBAL B 174000 249.66
27/4/2011 530497 Marvel Capital PIYUSH MARODIA B 25000 27.10
27/4/2011 530497 Marvel Capital ANURAG GUPTA B 25000 27.10
27/4/2011 530497 Marvel Capital GANESH ANANT GHADGE S 51000 27.12
27/4/2011 532641 Nandan Exim CHIRIPAL INDUSTRIES LIMITED B 2764039 2.56
27/4/2011 532641 Nandan Exim JAYPRAKASH DEVKINANDAN S 2650000 2.56
27/4/2011 530557 NCL Research CHANDRAKANT BABU MOHITE B 28131 153.80
27/4/2011 530557 NCL Research BABLI SATISHKUMAR BANSAL S 23987 153.80
27/4/2011 590090 Octant Inter-$ JMP SECURITIES PVT LTD B 104101 17.46
27/4/2011 590090 Octant Inter-$ JMP SECURITIES PVT LTD S 101101 17.47
27/4/2011 590090 Octant Inter-$ ABHAY DATTATRAY JAVLEKAR S 101500 17.45
27/4/2011 590090 Octant Inter-$ INDIRA SAHU INDIRA SAHU S 200674 17.61
27/4/2011 512626 Orbit Exports SHRIRAM COMMERCIAL LTD B 54733 93.01
27/4/2011 512626 Orbit Exports PUNNI SANGHAVI S 50000 92.10
27/4/2011 505525 Parichay Invest HARSHADKUMAR JASHWANTLAL PATEL B 16000 120.00
27/4/2011 505525 Parichay Invest AMUL GAGABHAI DESAI S 7200 122.98
27/4/2011 521080 Pasari Spin MEHUL PRANLAL MEHTA B 146859 35.41
27/4/2011 521080 Pasari Spin MEHUL PRANLAL MEHTA S 146859 35.22
27/4/2011 521080 Pasari Spin HARSHA MAYURBHAI SHETH S 67000 35.55
27/4/2011 517417 Patels Airtmp KAMLABEN VITTHALBHAI PATEL S 28146 104.63
27/4/2011 512161 PM Strp COMFORT INTECH LIMITED B 50000 49.55
27/4/2011 512161 PM Strp FACT ENTERPRISE LIMITED S 50000 49.55
27/4/2011 531467 Polypro Fibrils MUKUND L PATEL HUF B 44470 12.81
27/4/2011 511557 Pro Fin Capital HARESH N KARIA B 25000 19.00
27/4/2011 511557 Pro Fin Capital PROFIN LEASE & INVESTMENTS PVT LTD S 25000 19.00
27/4/2011 511585 Regency Trust ISL CONSULTING LTD. B 50000 99.70
27/4/2011 511585 Regency Trust ENRICH CONSULTING PRIVATE LIMITED B 50000 99.69
27/4/2011 503162 Reliance Chem-$ RAMKRIPA SECURITIES PVT LTD S 31400 118.84
27/4/2011 512359 Rotam Comm SARIJ DEVI MUNOT B 10000 22.86
27/4/2011 512359 Rotam Comm NAVEEN GUPTA S 16839 22.78
27/4/2011 524552 SHASUNPHAR OM KEDAR INVESTMENTS B 494054 77.27
27/4/2011 524552 SHASUNPHAR PRIVATBANK IHAG ZURICH AG S 300000 77.83
27/4/2011 533301 Shekhawati Poly-Yarn JHAVERI TRADING AND INVESTMENT PVT LTD S 206667 41.00
27/4/2011 590030 Southern Petro ABHIJIT PERIWAL B 800000 25.60
27/4/2011 590030 Southern Petro JMP SECURITIES PVT LTD B 599254 26.01
27/4/2011 590030 Southern Petro JMP SECURITIES PVT LTD S 602254 26.10
27/4/2011 532348 Subex CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 347151 71.45
27/4/2011 532348 Subex CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 347151 71.72
27/4/2011 522267 Veejay Lakshmi-$ BULBUL AHMED S 34056 85.36
27/4/2011 530961 Vikas Globalone SPJ STOCK BROKER PVT LTD B 41514 94.59
27/4/2011 522029 Windsor Mach SHEELA VIMAL JAIN S 125000 74.03
* B - Buy, S - Sell
NSE Bulk Deals to Watch - Apr 27 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,108083,725.67,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DEEPAK JAGDISHRAM GUPTA,BUY,19200,732.02,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DEVRATTAN TRADING SOLUTIONS PVT LTD,BUY,21013,741.04,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DINESH MUNJAL(HUF),BUY,34759,749.15,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DIPAN MEHTA SHARE & STOCK BROKERS PVT. LTD.,BUY,32456,736.72,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,EXCEL MERCANTILE PRIVATE LIMITED,BUY,19367,738.89,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,GIAN GUPTA,BUY,16000,728.40,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,15534,736.53,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,KHANDWALA TRADELINK CO,BUY,25515,743.31,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,MARWADI SHARES AND FINANCE LIMITED,BUY,23821,733.60,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,NIRSHILP SECURITIES PVT. LTD.,BUY,17195,732.96,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,PARESH VIPANI HUF,BUY,18367,734.25,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,YUGA STOCKS AND COMMODITIES PRIVATE LIMITED,BUY,16407,733.02,-
27-APR-2011,GLORY,Glory Polyfilms Limited,PLANET INVESTMENTS & FINANCE PVT LTD,BUY,7102,3.86,-
27-APR-2011,HITACHIHOM,Hitachi Home and Life Sol,BAJAJ ALLIANZ LIFE INSURANCE COMPANY LIMITED,BUY,290000,226.41,-
27-APR-2011,SENTINEL,Sentinel Tea and Exp Ltd,HI-TIDE INVESTMENTS PVT. LTD.,BUY,95281,25.95,-
27-APR-2011,SHASUNPHAR,Shasun Pharma Limited,OM KEDAR INVESTMENTS,BUY,519923,76.98,-
27-APR-2011,SPIC,Southern Petro Ind Corp,JMP SECURITIES PVT LTD,BUY,933859,26.12,-
27-APR-2011,SUBEX,Subex Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,347223,71.69,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,108083,726.54,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DEEPAK JAGDISHRAM GUPTA,SELL,19200,732.37,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DEVRATTAN TRADING SOLUTIONS PVT LTD,SELL,21013,741.15,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DINESH MUNJAL(HUF),SELL,34759,750.20,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,DIPAN MEHTA SHARE & STOCK BROKERS PVT. LTD.,SELL,32456,736.78,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,EXCEL MERCANTILE PRIVATE LIMITED,SELL,19367,739.63,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,GIAN GUPTA,SELL,16000,732.94,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,15534,737.05,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,KHANDWALA TRADELINK CO,SELL,25515,743.32,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,MARWADI SHARES AND FINANCE LIMITED,SELL,23821,734.25,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,NIRSHILP SECURITIES PVT. LTD.,SELL,18010,731.25,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,PARESH VIPANI HUF,SELL,18367,735.02,-
27-APR-2011,AMRUTANJAN,Amrutajan Health Ltd,YUGA STOCKS AND COMMODITIES PRIVATE LIMITED,SELL,16407,735.41,-
27-APR-2011,GLORY,Glory Polyfilms Limited,PLANET INVESTMENTS & FINANCE PVT LTD,SELL,372495,3.79,-
27-APR-2011,ORCHIDCHEM,Orchid Chemicals Ltd.,SERUM INSTITUTE OF INDIA LIMIT,SELL,500000,315.06,-
27-APR-2011,SHASUNPHAR,Shasun Pharma Limited,PRIVATBANK IHAG ZURICH AG,SELL,250000,78.31,-
27-APR-2011,SPIC,Southern Petro Ind Corp,JMP SECURITIES PVT LTD,SELL,293859,25.77,-
27-APR-2011,SUBEX,Subex Limited,CROSSEAS CAPITAL SERVICES PVT. LTD.,SELL,347223,71.50,-
27-APR-2011,SUBEX,Subex Limited,DEUTSCHE SECURITIES MAURITIUS LIMITED,SELL,573000,72.35,-
27-APR-2011,WINDSOR,Windsor Machines Limited,SHEELA V JAIN,SELL,101800,74.58,-
RIL, Wipro lead decline
The key benchmark indices edged lower in choppy trade, extending last two days' losses, as higher crude oil prices stoked macroeconomic worries. Wild intraday swings were witnessed during the last two hours or so of trade as traders rollover positions in the futures & options (F&O) segment ahead of the expiry of the near-month April 2011 derivatives contracts tomorrow, 28 April 2011. The market breadth was negative. Index heavyweight Reliance Industries (RIL) extended recent losses on reports the government is considering imposing penalty for the company falling short of targeted gas production at its D6 block.
Indian Bank
For 4QFY2011, Indian Bank reported net profit growth of 7.1% yoy to `439cr, below our estimates of `486cr mainly on account of higher tax provisioning (43.5% effective tax rate for 4QFY2011) than factored in by us. Further, improvement in asset quality over the last quarter was the key positive of the result. We recommend an Accumulate rating on the stock.
Stable margins with improving asset quality: Net advances for the bank grew marginally by 1.8% qoq and 21.1% yoy to `75,250cr, while deposits grew by 4.7% qoq and 19.9% yoy to `1,05,804cr. CASA ratio as of 4QFY2011 stood at 30.9%, down 116bp compared to 32.0% in 3QFY2011. Reported NIM for 4QFY2011 stood at 3.86%, 2bp higher than 3.84% in 3QFY2011. During the quarter, non-interest income grew by 9.2% qoq (down 7.3% yoy) to `272cr. The bank’s asset quality improved during the quarter, with gross and net NPAs in absolute terms declining by 1.6% qoq and 4.8% qoq, respectively. Gross and net NPA ratios of the bank improved marginally by 4bp each to 0.98% and 0.53%, respectively, with a provision coverage ratio of 84.3% including write-offs.
Outlook and valuation: The bank’s relatively higher rural and semi-urban presence has enabled it to maintain reasonable cost of funds, resulting in more resilient NIMs than other mid-size PSU banks. At the CMP, the stock is trading at 5.2x FY2013E EPS of `47.1 and 1.0x FY2013E ABV of `256.5, which is below our target multiple of 1.1x FY2013 ABV. Hence, we recommend an Accumulate rating on the stock with a target price of `269, implying a 9.0% upside from current levels.
Grey Market Premiums Stable
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 26 to 27 |
| Paramount Print Packaging | 32 to 35 | 3.50 to 4 |
| Future Ventures | 10 to 11 | 0.60 to 0.75 |
| Innoventive Industries | 117 to 120 | 13 to 14 |
| Servalakshmi Paper Ltd. | 27 to 29 | 3 to 3.50 |
| Vaswani Ind. | 45 to 48 | 4.50 to 5 |
Market may edge higher on firm Asian stocks
The market may edge higher tracking gains in Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 35 points at the opening bell. Foreign institutional investors (FIIs) sold shares worth Rs 554.03 crore and domestic institutional investors (DIIs) bought shares worth Rs 161.01 crore on Tuesday, 26 April 2011.
Volatility may remain high on the bourses in the near term as traders rollover positions in the futures & options (F&O) segment ahead of the expiry of the near-month April 2011 contracts on Thursday, 28 April 2011.
Daily News Roundup - Apr 27 2011
Oil regulator DGH has sent a team for fact-finding mission to RIL-operated KG-D6 fields to ascertain reasons for the decline in production. (ET)
Maruti Suzuki has put in place a new strategy to reduce its dependence on Japan for auto parts. It will source parts from new geographies such as Thailand and Germany. (BS)
Sesa Goa is also exploring options to build steel plants. (ET)
JSW Steel has acquired 3.77% stake in Ispat Industries in an open offer, taking its total holding to 49.3%. (FE)
Sensex survives steep slide...Ends slightly down
The BSE Sensex closed at 19,545, down 39 points over the previous close.
The Indian market managed to escape a broad selloff to close marginally in the red on Tuesday, as investors welcomed better-than-expected results from cement majors ACC and UltraTech and European equities recovered.
Traded volume and turnover were substantially higher from the previous session, as traders started adjusting positions ahead of the F&O expiry on Thursday. However, market breadth was negative throughout the day.
Gains at start!
By persisting in your path, though you forfeit the little, you gain the great. - Ralph Waldo Emerson.
Tuesday’s smart turnaround is likely to spill over into today’s session owing to robust global cues. US stocks rallied, spurred by strong earnings from top names such as Ford, UPS and 3M. A strong consumer confidence report added fuel to the fire. European equities too gained after UPS reported encouraging inflows from wealthy clients. Asian stocks are mostly higher, led by Japan.
We expect a positive opening for Indian indices. The focus will continue to be on corporate results. Dabur, Exide, Patni, UB and Wipro are among the leading companies declaring quarterly numbers today.
Markets stage smart recovery, end marginally lower
The Indian markets erased almost all its losses and recovered in late trade to close the session marginally lower
Major headlines
ACC Q1 net profit down 13% yoy
UltraTech Cement gains 3% after posting good results
Aventis Pharma zooms on healthy Q1 results
Innoventive Industries IPO Analysis
Innoventive Industries (IIL) is a multiproduct engineering company currently engaged in the manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products. It caters to diversified industries such as auto, farm equipments, general engineering and oil & gas in both domestic and export market with over 475 customers world wide. Its major customers include Bajaj Auto, BHEL, Thermax, John Deere India, Sundram Industries, Gabriel India and Alstom Projects.
IIL is among the leading manufacturers of ERW/CEW tubes in India. It is approved tube supplier for domestic OEMs (Bajaj Auto is the largest customer with 21.7% contribution to company's revenue in FY 10) and caters to auto ancillary companies in and around Pune.
Market slides for the second straight day on political worries
Firm European equities and higher US index futures helped Indian stocks trim intraday losses triggered by political worries. Volatility was high during the last one hour or so of trade as traders rolled positions in the futures & options (F&O) segment ahead of the expiry of the near-month April 2011 contracts on Thursday, 28 April 2011. The BSE 30-share Sensex was down 38.96 points or 0.2%, up close to 240 points from the day's low and off close to 80 points from the day's high. The market breadth was negative. Indian stocks fell for the second straight day today, 26 April 2011.
Tuesday, April 26, 2011
Markets may open on a flat note; RIL eyed
The Indian indices are likely to begin the new week on a flat to negative note as the results of industry mammoth Reliance Industries were below expectations
Headlines for the day:
RBI likely to pull up 7 banks for flouting currency regulations
RIL likely to invest over Rs1.5 lakh crore in next 5 yrs
Like ONGC, OIL may also go for stock split
Grey Market Premiums - Apr 26 2011
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 26 to 27 |
| Paramount Print Packaging | 32 to 35 | 4 to 4.50 |
| Future Ventures | 10 to 11 | 0.60 to 0.75 |
| Innoventive Industries | 117 to 120 | 13 to 14 |
| Servalakshmi Paper Ltd. | 27 to 29 | 3 to 3.50 |
| Vaswani Ind. | 45 to 48 | 4 to 4.25 |
Daily News Roundup - Apr 26 2011
Oil Ministry has ordered RIL to immediately stop natural gas sales to non-core users like Essar Steel to meet the full demand of fertilizer and power plants. (FE)
M&M plans to set up assembly plants in Tunisia, Morocco, South Africa, Kenya, Ethiopia and Zambia to boost its manufacturing prowess and ramp up presence in the fast-growing African economy. (ET)
Marico will invest up to Rs370mn to set up a manufacturing plant in Bangladesh. (ET)
Kalpataru Power Transmission has bagged three orders worth over Rs13.5bn, including those from Ukraine and Tanzania. (ET)
Senses drifts lower in insipid session...RIL slips
Global cues too were rather indecisive with the European markets shut for the extended Easter holidays.
The Indian market closed virtually unchanged on Monday at the end of a highly listless session, with the key equity benchmarks trading in a narrow range.
The undertone was more or less subdued right from the start and the market never really looked like accelerating the tempo. Investors chose to remain on the sidelines ahead of the Fed policy meet and the F&O expiry later in the week.
Lack of excitement
When I'm inspired, I get excited because I can't wait to see what I'll come up with next. - Dolly Parton.
Inspiration and excitement seem to have taken a break these days and investors will hope to shake off the weariness. But with global cues being uncertain, the start may once again be tepid. We do not rule out some pick-up in momentum as the day progresses. Much will hinge on how trading in Asia and Europe unfolds. As usual, companies due to announce earnings will remain in the spotlight.
Market may fall on weak Asian stocks
The market may edge lower in early trade tracking weak Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 3.50 points at the opening bell.
Among corporate news, Reliance Infrastructure said after market hours on Monday that it bought back 1 lakh shares on Monday under the buyback program. It added it so far bought back 8 lakh shares under the buyback program. The company has announced buyback of shares for an aggregate amount of upto Rs 1000 crore.
Monday, April 25, 2011
Future Ventures India IPO subscribed 22%
Gets bids for 16.26 crore shares
The initial public offering (IPO) of the Kishor Biyani-promoted Future Ventures India was subscribed 0.22 times as at 16:00 IST on day one of bidding today, 25 April 2011. The issue got bids for 16.26 crore shares compared with 75 crore shares on offer.
Market snaps three-day winning streak
Index heavyweight Reliance Industries' (RIL) lower-than-expected bottom line growth in Q4 March 2011 pulled the key benchmark indices marginally lower in volatile trade. The market today, 25 April 2011, snapped a three-day winning streak. The BSE 30-share Sensex was down 17.92 points or 0.09%, off close to 115 points from the day's high and up close to 50 points from the day's low. Sterlite Industries surged on strong Q4 result. Maruti Suzuki India moved higher after reporting sequential growth in net profit in Q4 March 2011.
Muthoot Finance Grey Market Premium
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 26 to 27 |
| Paramount Print Packaging | 32 to 35 | 3.50 to 4 |
| Future Ventures | 10 to 11 | 0.35 to 0.50 |
| Innoventive Industries | 117 to 120 | 12 to 13 |
| Servalakshmi Paper Ltd. | 27 to 29 | 2.50 to 3 |
| Vaswani Ind. | 45 to 48 | 3.75 to 4 |
Markets may open on a flat note; RIL eyed
The Indian indices are likely to begin the new week on a flat to negative note as the results of industry mammoth Reliance Industries were below expectations
Headlines for the day:
RBI likely to pull up 7 banks for flouting currency regulations
RIL likely to invest over Rs1.5 lakh crore in next 5 yrs
Like ONGC, OIL may also go for stock split
Daily News Roundup - Apr 25 2011
Zensar budgets Rs1bn to buy US-based SAP firms. (BL)
Dr Reddy's reaches deal with Pfizer arm on patent case involving generic version of blockbuster anti-depressant drug Effexor XR. (BL)
Indian Bank plans to raise US$1bn medium term notes to expand its overseas lending. (BL)
Nifty ends above 5850 despite rising inflation
The BSE Sensex ended at 19,602 adding 131 points. While, NSE Nifty gained by 33 points to close at 5,884.
The Indian markets extended its winning streak to third straight trading session on Thursday ending a truncated week on a positive note. Markets started off with in the green amid gains in the equity markets across the globe. However, key indices saw a sharp decline after the weekly inflation data dampened the sentiments.
The annual rate of inflation in the food space rose in the second week of April but stayed below the double digit mark for the fourth straight week. India’s food inflation increased to 8.74% in the week ended April 9 from 8.28% in the previous week.
Soft start, firmness ahead
Challenges are gifts that force us to search for a new center of gravity. Don't fight them. Just find a different way to stand. - Oprah Winfrey.
After the long Easter weekend, world markets will try to remain resurrected despite a series of headwinds. As has been the case lately, earnings will continue to dominate the headlines for a few more days. Talking of India, the disappointment from index bellwether Reliance could put a lid on gains at least in the early trade. The start could be subdued but we could see some positive action later in the day.
Precious metals continue to glitter
Gold and silver rise for seventh straight day
Precious metal prices witnessed new highs and they ended substantially higher once again on Thursday, 21 April 2011 at Comex. It was seventh consecutive day of straight gains for the bullions. Prices rose riding on the back of weak dollar and on inflation concerns as investors sought to bullions as a safer investment as debt problems continue to haunt the developed countries. Thursday was the last trading day of the week as market was closed on Friday, 22 April because of Good Friday holiday.
Crude ends modestly higher
Weak dollar, Mid East tension and inventory data push up prices
Crude oil prices ended modestly higher on Thursday, 21 April 2011. Weekly inventory data from the energy department earlier during the week coupled with weak dollar pushed crude prices higher on Thursday. Mixed economic data also pushed up prices. Ongoing supply fears surrounding unresolved geopolitical tensions in the Middle East and, most recently, Nigeria also impacted prices.
RIL's lower than expected Q4 result may weigh on investor sentiment
Index heavyweight Reliance Industries' (RIL) lower than expected Q4 result may drag the market lower. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 5 points at the opening bell. Asian markets were mixed.
Global markets including Indian bourses remained shut on Friday, 22 April 2011, on account of Good Friday.
Foreign institutional investors (FIIs) bought shares worth Rs 307.79 crore and domestic institutional investors (DIIs) sold shares worth Rs 269.61 crore on Thursday, 21 April 2011 as per provisional data. FIIs bought shares worth a Rs 402.30 crore from the secondary equity markets on Wednesday, 20 April 2011. FIIs had bought shares worth a net Rs 1836 crore from the secondary equity markets on Tuesday, 19 April 2011.
Sunday, April 24, 2011
Grey Market Premiums - Paramount Print Packaging, Vaswani Industries
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 26 to 27 |
| Paramount Print Packaging | 32 to 35 | 3.50 to 4 |
| Future Ventures | 10 to 11 | 0.35 to 0.50 |
| Innoventive Industries | 117 to 120 | 9 to 10 |
| Servalakshmi Paper Ltd. | 27 to 29 | 2.50 to 3 |
| Vaswani Ind. | 45 to 48 | 3.75 to 4 |
Future Ventures IPO Analysis
Investing in Future businesses
The company's ability to successfully mentor the business ventures and profitably divest its stake would eventually determine the success of its unique business model
Future Ventures was incorporated on July 10, 1996, with the name Subhikshith Finance & Investments. Following the acquisition of Subhikshith Finance & Investments in July 14, 2007 by Future Value Retail (earlier known as Pantaloon Future Ventures), a wholly owned subsidiary of Pantaloon Retail (India), its name was changed to Future Ventures. Futures Ventures is now a public limited company and is regulated by the RBI as a systemically important non-deposit accepting NBFC.
Future Ventures is a part of the Future Group. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India's leading organized multi-format retailers. Pantaloon Retail (India), the flagship company of the Future Group, has incubated, nurtured and brought to maturity several businesses and formats, including Future Capital Holdings, Future General Insurance, Future Supply Chain, Future Agrovet, Future Media, Future Brands, Future Bazaar, Pantaloons, Central, Big Bazaar, Food Bazaar, Home Town and E-zone. Pantaloon Retail holds 18.15% of the total pre issue shareholding in Future Ventures.
F&O expiry may cause volatility
A surge in global risk appetite may help Indian stocks extend recent rally. Volatility may remain high in the near term as traders rollover positions in the futures & options (F&O) segment ahead of the expiry of the near-month April 2011 contracts on Thursday, 28 April 2011. Shares of India's biggest private sector firm in terms of market capitalization Reliance Industries (RIL) will react to the company's Q4 results when trading resumes on Monday, 25 April 2011. The results were due after trading hours on Thursday, 21 April 2011. The stock market remains closed on Friday, 22 April 2011 on account of Good Friday.
Saturday, April 23, 2011
Weekly Stock Picks - Apr 23 2011
Buy Biocon
Buy Hindustan Unilever
Buy Sintex Industries
Buy Hindalco Industries
Buy HDFC
Weekly Newsletter - Apr 23 2011
As anticipated, the Indian market did manage to recover from last week's severe jolt. A worldwide rally in equities on the back of some sterling results in the US coupled with IMD's forecast of a normal monsoon were the key drivers. TCS and Reliance Industries came out with their results on the last trading day of the truncated week. Both the stocks will be in action early next week along with Hindustan Zinc, Jindal Steel, Nestle India and Axis Bank. Earnings will continue to be in focus for quite some time to come as the annual earnings are spread over three months. Volatility will remain high next week due to the F&O expiry on April 28.
Monsoon likely to be normal again: IMD
The country will have normal monsoon this year. Releasing the initial Long Range Forecast for the coming June to September period, Union Minister for Science & Technology and Earth Sciences, Pawan Kumar Bansal said, "The rainfall for the country as a whole is most likely to be normal i.e. 96-104% of Long Period Average (LPA).
There is very low probability for season rainfall to be deficient (below 90% of LPA) or excess (above 110% of LPA). Quantitatively, monsoon season rainfall is likely to be 98% of the LPA with a model error of + 5%. The LPA of the season rainfall over the country as a whole for the period 1951-2000 is 89 cm, he said.
2G scam case...Five executives denied bail
A trial court in New Delhi rejected the bail pleas of five India Inc honchos named by the CBI in the 2G scam case. All the five accused were taken into judicial custody. Shares of Unitech, DB Realty and ADAG pack fell after the news.
The five officials in question are Sanjay Chandra of Unitech, Vinod Goenka of DB Realty, Gautam Doshi of ADAG, Hari Nair of ADAG and Surendra Pipara of ADAG. They joined disgraced former Telecom Minister A. Raja, his former private secretary R.K. Chandolia, former Telecom Secretary Siddhartha Behura, DB Realty MD Shahid Balwa, his brother Asif Balwa and DB Realty D Rajiv Agarwal in the Tihar Central Jail.
Thursday, April 21, 2011
Grey Market Premiums - Muthoot Finance - Final Day
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Muthoot Finance | 160 to 175 | 27 to 28 |
| Paramount Print Packaging | 32 to 35 | 4 to 4.50 |
| Future Ventures | 10 to 11 | 0.75 to 1 |
| Innoventive Industries | 117 to 120 | 7 to 7.50 |
| Servalakshmi Paper Ltd. | 27 to 29 | 3 to 3.50 |
| Vaswani Ind. | 45 to 48 | 3.75 to 4 |
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