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Thursday, June 30, 2011

Nifty July 2011 futures at a slight premium

Turnover surges

Nifty July 2011 futures were at 5,652.55, at a premium of 5.15 points over spot closing of 5,647.40. Turnover in NSE's futures & options segment surged to Rs 181643.70 crore from Rs 165385.58 crore on Wednesday, 29 June 2011. The near-month June 2011 futures derivatives contracts expired today, 30 June 2011.

State Bank of India July 2011 futures were at 2411.70, at premium over spot closing of 2397.

Phoenix Mills, Spicejet

Phoenix Mills, Spicejet

EID Parry, Claris Lifesciences, GAIL

EID Parry, Claris Lifesciences, GAIL

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Annual Report - Raymond - 2010-2011





Your Directors are pleased to present their 86th report on the business and
operations of your Company together with the Audited Statement of Accounts
for the year ended March 31, 2011.


Raymond Limited is India's leading Textile and Branded clothing Company
with interests in engineering (files, tools and auto components) having its
corporate headquarters in Mumbai.

Annual Report - Asian Paints - 2010-2011




Dear Members,

Your Directors have pleasure in presenting the 65th Annual Report of your
Company and the Audited Accounts for the financial year ended 31st March,

(Rs. in Crores)

Asian Paints Limited Asian Paints Limited
2010-11 2009-10 Growth 2010-11 2009-10 Growth
(%) (%)
Sales and Operating
Income (Net) 6322.24 5125.08 23.4 7706.24 6680.94 15.3

Operating Profit 1232.66 1153.71 6.8 1395.60 1367.90 2.0

Less: Interest 15.35 13.76 22.23 28.47

Less: Depreciation 94.48 60.74 113.13 83.56

Profit before Tax &
exceptional item 1122.83 1079.21 4.0 1260.24 1255.87 0.3

Exceptional item - 25.46 - - 1.15

Profit before Tax 1122.83 1104.67 1.6 1260.24 1257.02 0.3

Less: Provision
for Taxes 347.68 330.17 378.89 373.11

Profit After Tax 775.15 774.50 0.1 881.35 883.91 (0.3)

Less: Minority interest - - - 38.11 48.27

Net Profit attributable
to shareholders of the
Company 775.15 774.50 0.1 843.24 835.64 0.9

Add: Balance brought
forward from the
previous year 600.00 230.00 600.00 230.00

DISPOSABLE PROFIT 1375.15 1004.50 1443.24 1065.64

That the Directors
recommend for
appropriation as under:

Dividend - Interim 81.53 81.53 81.53 81.53

- Final 225.41 177.45 225.41 177.45

Tax on Dividend 50.11 43.33 50.11 43.33

Transfer to General
Reserve 418.10 102.19 486.19 163.33

Balance carried forward
to Balance Sheet 600.00 600.00 600.00 600.00

Annual Report - TCS - 2010-2011




The Members,

The Directors submit the Annual Report of the Company along with the
audited statement of accounts for the financial year ended March 31, 2011.

1. Financial Results:

(Rs. crores)
2010-2011 2009-2010

(i) Income from Sales and Services 29275.41 23044.45

(ii) Other Income (net) 494.73 177.60

(iii) Total Income 29770.14 23222.05

(iv) Operating Expenditure 20511.88 16372.78

(v) Profit before Interest, Depreciation and Tax 9258.26 6849.27

(vi) Interest 20.01 9.54

(vii) Depreciation and Amortisation 537.82 469.35

(viii) Profit before Taxes 8700.43 6370.38

(ix) Provision for Taxes 1130.44 751.87

(x) Minority Interest and Share of Loss of
Associates - -

(xi) Net Profit for the Year 7569.99 5618.51

(xii) Balance Brought Forward from Previous Year 10458.13 9990.41

(xiii) Amount Available for Appropriation 18028.12 15608.92


(a) Interim Dividends on Equity Shares 1174.32 1174.32

(b) Proposed Final Dividend on Equity Shares 1565.78 782.89

(c) Proposed Special Dividend on Equity Shares - 1957.22

(d) Proposed Total Dividend on Equity Shares 2740.10 3914.43

(e) Proposed Dividend on Redeemable Preference
Shares 11.00 17.00

(f) Tax on Dividends 450.82 657.51

(g) General Reserve 757.00 561.85

(h) Balance carried to Balance Sheet 14069.20 10458.13

(1 crore = 10 million)

2010-2011 2009-2010

(i) Income from Sales and Services 7324.51 30028.92

(ii) Other Income (net) 604.00 272.07

(iii) Total Income 37928.51 30300.99

(iv) Operating Expenditure 26146.15 21334.37

(v) Profit before Interest, Depreciation and Tax 11782.36 8966.62

(vi) Interest 26.48 16.10

(vii) Depreciation and Amortisation 735.26 660.89

(viii) Profit before Taxes 11020.62 8289.63

(ix) Provision for Taxes 1830.83 1196.97

(x) Minority Interest and Share of Loss of
Associates 121.75 92.02

(xi) Net Profit for the year 9068.04 7000.64

(xii) Balance Brought Forward from Previous Year 13604.84 11835.03

(xiii) Amount Available for Appropriation 22672.88 18835.67


(a) Interim Dividends on Equity Shares 1174.32 1174.32

(b) Proposed Final Dividend on Equity Shares 1565.78 782.89

(c) Proposed Special Dividend on Equity Shares - 1957.22
(d) Proposed Total Dividend on Equity Shares 2740.10 3914.43

(e) Proposed Dividend on Redeemable Preference
Shares 11.00 17.00

(f) Tax on Dividends 459.15 663.18

(g) General Reserve 827.58 636.22

(h) Balance carried to Balance Sheet 18635.05 13604.84

(1 crore = 10 million)

Annual Report - ITC - 2010-2011




Your Directors submit their Report for the financial year ended 31st March,


World output staged a smart recovery in 2010 growing by 5% during the year
after a decline of 0.6% in 2009. While growth in the first half of the year
stood at 5.25%, there was a marked deceleration in the second half which
recorded a growth of 3.75%. Receding fears of a global depression in 2009
initially led to a lower rate of destocking by business and subsequently to
a phase of rebuilding depleted inventories. This fostered a sharp rebound
in industrial production and trade which lasted through the first half of
2010. Simultaneously, accommodative policies adopted by most governments,
improvement in business confidence and financial conditions encouraged
investments and helped arrest rising unemployment levels and boost
consumption. Consequently, recovery has become more self-sustaining and the
risk of a double-dip recession in advanced economies has abated. The
recovery, however, is broadly moving at two speeds. While economic growth
in the advanced economies remained modest at around 3% in 2010 after a
decline of 3.4% in 2009, emerging and developing economies recorded robust
growth in excess of 7% during the year - led primarily by China and India.
According to the International Monetary Fund (IMF), world real GDP growth
for 2011 is forecast at 4.4%, representing a modest slowdown from 2010
levels. Real GDP in the advanced economies is expected to grow by 2.5%
while that in the emerging and developing economies is forecast to grow by
6.5%. However, downside risks to these estimates continue to outweigh the
upsides. In the case of advanced economies, the key concerns revolve around
weak sovereign balance sheets, the possibility of financial troubles in
peripheral Euro area spreading to core Europe, high levels of unemployment,
the continued weakness of the US real estate market and the lack of
progress in formulating medium-term fiscal consolidation plans. In the
emerging economies, key risks relate to overheating, asset price bubbles,
rapid rise in inflationary pressures, spurt in commodity prices and the
potential for boom-bust cycles could eventually result in a hard landing in
these economies. With emerging markets accounting for 40% of global
consumption and two-thirds of global growth, a slowdown in these economies
could dent global recovery significantly.



Coal India Ltd

Coal India Ltd





Phoenix Mills

Phoenix Mills



Cairn India

Cairn India

BSE Bulk Deals to Watch - June 30 2011

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
30/6/2011 533412 AANJANEYA TRISONS AGENCIES B 100000 370.00
30/6/2011 531686 Advik Lab SANA PASRICHA S 69971 3.70
30/6/2011 590059 APL APOLLO MANOJ GUPTA S 132958 142.03
30/6/2011 512608 Bhandari Hos HARSHA MAYURBHAI SHETH B 63000 32.74
30/6/2011 512608 Bhandari Hos HARSHA MAYURBHAI SHETH S 63000 32.90

NSE Bulk Deals to Watch - June 30 2011

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
30-JUN-2011,BALRAMCHIN,Balrampur Chini Mills,BALRAMPUR CHINI MILLS LTD,BUY,2200000,62.87,-
30-JUN-2011,DEEPIND,Deep Industries Ltd,HN ORGANISERS AND DEVELOPERS LLP,BUY,590414,54.51,-
30-JUN-2011,DEEPIND,Deep Industries Ltd,VORA UDAY HASMUKHLAL,BUY,118135,57.99,-

Markets up for 6th day

The key benchmark indices closed the June series in the green zone, extending gains for the sixth day on global");'> global support.

Major headlines

Food inflation at 7.78% versus 9.13%

Mindtree's former chairman halves stake in firm

Calcutta High Court adjourns Tata Motors’ Singur case

Indian indices

Markets were stuck in a tight range on the settlement day of June series and closed the session on a positive note. Sustained buying activity from institutional investors and good global");'> global cues after Greek approved austerity helped the key indices to extend six-day rally. The market spiked up in the last half an hour of trade owing to strong buying in FMCG, realty and consumer durables companies’ stocks.

Market sentiment was also bolstered by investors covering pending short positions on the last day of June contracts in the derivatives segment. A sharp dip in food inflation also provided some relief.

Sensex movements: Greek optimism lifted the Sensex 47 points higher at 18741 at the start. Volatility was high, with the Sensex touching the day’s low of 18723 in afternoon session. In late trade, the index hit the day’s high of 18873. The Sensex rose 152 points to settle at 18846 and the Nifty posted gains of 47 points to close at 5647.

Market sentiment

The market breadth stood in favour of advances. Of the 2,988 stocks traded on the BSE, 1,507 rose, 1,337 declined and 144 stocks closed unchanged.

Viewing volumes

One of the fastest growing integrated infrastructure enterprises of India - Lanco Infratech was traded the most, with over 0.60 crore shares changing hands on the BSE. It was followed by India's second largest real estate developer - Unitech (0.25 crore shares), world's fifth largest wrist watch manufacturer - Titan Industries (0.21 crore shares), a Jaypee Group firm - Jaiprakash Associates (0.20 crore shares) and an industrial finance company - IFCI (0.16 crore shares).

Sectoral & stock screening

All the sectors rallied except BSE Healthcare down by 0.03%. BSE Fast Moving Consumer Goods (FMCG) was the major gainer, rising by 1.83%, followed by BSE Realty and BSE Consumer Durables rose by 1.19% each. Other gainers' surged between 0.01-0.69%.

Coming to 'A' group stocks, top three performers were - Jaypee Infratech went up by 8.15%, Jubilant FoodWorks rose by 5.87% and Rashtriya Chemicals & Fertilizers (RCF) surged by 5.67%. Top three losers were - Lanco Infratech dropped by 3.89%, Zee Entertainment Enterprises declined by 3.74% and Jain Irrigation slipped by 3.42%.

Global signals

The European shares rose on Thursday, on track for a fourth consecutive session of gains, led by banking stocks in a short-term relief rally on hopes that Greece will pass the final austerity bill and avert a near-term default.

Asia-Pacific bourses extends rally on optimism that Greece's problem is solved in near term

Asia-Pacific bourses ended last trading session of month as well as June quarter with positive spirit, as risk hunger investors continued hunting for blue chip stocks on relief over Greece's debt crisis after the Greek austerity package has been passed in Athens and on news reported US home sales rose over 8% in May. Meanwhile, overnight rally in the European and United State equity market, and commodity prices also uplift risk appetite for equities.

Most risk assets performed well overnight, with oil was up more than 2% after EIA crude inventory fell deeper than expected and the US Dollar Index edged down on higher risk demand. Copper closed at $9,320/ton, a highest price since May 4, on the London Metal Exchange.

Sensex jumps 7.3% in six days as FIIs resume buying

Key benchmark indices extended their winning streak into the sixth straight day to attain their highest closing level in more than 8-weeks as data showing sustained buying by foreign funds over the past few sessions, firm global stocks and easing of food inflation in mid-June 2011 boosted sentiments. The BSE Sensex jumped 152.01 points or 0.81%, off close to 30 points from the day's high and up close to 120 points from the day's low. High volatility was witnessed in late trade as traders rolled over positions in the derivatives segment from June 2011 series to July 2011 series. The near-month June 2011 derivatives contracts expired today, 30 June 2011.

Exuding confidence!

It ain't what they call you, it's what you answer to. ~ W.C. Fields.

Prime Minister, Dr. Manmohan Singh appears to be exuding confidence as he attempts to show that he is very much in command. The stock market too has been on a roll and investors would hope that the rollover takes place without breaking the momentum.

We have an opening which is all set to be positive. Things appear too good to be true. FII inflows remain encouraging. Indian indices could well end higher for a sixth straight session. Some choppiness may be there in late afternoon, which is usually the case on F&O expiry day. The upside from here will hinge on FII flows, global cues, domestic policy action(s) and Q1 earnings.

BGR Energy Systems

BGR Energy Systems

Indian Bank

Indian Bank

Cox and Kings

Cox and Kings

Top Laggards: Bajaj Holdgs dips 5%, Union Bank slips 3%

Bajaj Holdings & Investment

Bajaj Holdings & Investment, an investment company, lost by 5.29% to close at Rs732.15, on the BSE.

Performance on periodic basis:

On weekly basis (June 22-June 29, 2011), the stock fell 1.46% from Rs743.05.
On monthly basis (May 27-June 29, 2011), the stock fell 3.58% from Rs759.40.
On yearly basis (June 29, 2010-June 29, 2011), the stock rose 3.12% from Rs709.95.