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Thursday, June 07, 2012

Reliance AGM Highlights

Here are the highlights from Mukesh Ambani’s speech at the meeting: Transformation at RIL is about institutionalising the capabilities of our people. Transformation will create a robust process-driven organization that will outperm the global years. Partnerships will be an important feature of future growth. Internation biz environment more challenging today than any time in history. Gro-political changes leading to supply challenges have added to our troubles, but despite this RIL has grown stronger. High domestic inflation, adverse forex movements and slowdown in growth have impacted the company’s performance. India is poised to be one of the growth engines of the world. RIL’s investments in petchem will meet India’s growing needs. New investments in communication will create new waves of growth for the company and the country. We have created value by consistent profitable growth in the company. Lower-than-anticipated production have had an impact on the company’s profits. RIL is reinvesting cash flows in new projects, which will fuel growth over the next few years. Petrochemicals has been the foundation of the company’s growth over the last 34 years. Reliance has delivered 21.6% CAGR since its IPO in 1977-78. Rs 1,000 invested in IPO has grown to Rs 7,78,215.

Tecpro Systems

 Tecpro Systems 

BSE Bulk Deals to Watch - June 7 2012

Deal Date Scrip Code Company Client Name Deal Type * Quantity Price ** 7/6/2012 503675 Agarwal Hold SARSWATI VINCOM LIMITED B 250000 57.74 7/6/2012 521097 Amarjothi Spin PREMCHANDER R . B 607500 46.90 7/6/2012 521097 Amarjothi Spin AMARJOTHI COLOUR S 607500 46.90 7/6/2012 521131 Anjani Dham Inds MALAY CORPORATE SERVICES PVT LTD B 77080 9.94 7/6/2012 533270 Bedmutha Inds CERDO SECURITIES PRIVATE LIMITED S 120224 14.95

NSE Bulk Deals to Watch - Jun 7 2012

Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks 07-JUN-2012,JISLJALEQS,Jain Irrigation Systems L,MACQUARIE BANK LIMITED,BUY,4416577,74.20,- 07-JUN-2012,JKIL,J.Kumar Infraprojects Lim,M/S MENTOR CAPITAL LIMITED,BUY,300000,160.50,- 07-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,BUY,15568036,13.27,- 07-JUN-2012,AANJANEYA,Aanjaneya Lifecare Ltd,JHELUM HOLDING PRIVATE LIMITED,SELL,72108,506.98,- 07-JUN-2012,JISLDVREQS,Jain DVR Equity Shares,SMALL CAP WORLD FND INC,SELL,246871,35.62,- 07-JUN-2012,JISLJALEQS,Jain Irrigation Systems L,FUNDAMENTAL INVESTORS INC,SELL,4416577,74.20,- 07-JUN-2012,JKIL,J.Kumar Infraprojects Lim,AASHIRWAD VINCOM PRIVATE LIMITED,SELL,300000,160.50,- 07-JUN-2012,LITL,Lanco Infratech Limited,SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED,SELL,16049644,13.28,-

Sensex up for 4th day; ends 195 points higher

The Indian markets stayed higher all throughout the day for the fourth consecutive day and ended the session on a positive note. The Sensex closed 195 points higher while the Nifty surged 53 points. Headlines of the Day SBI sheds deposit rates by 25 bps PM makes an effort to motivate Infra projects RIL aims to outperform global peers MRPL gains as K'taka govt sanctions incentive package Rallis India gains on Rakesh Jhunjhunwala stake buy

Interest rate sensitive stocks lead rally

Key benchmark indices attained their highest closing level in nearly 4-1/2 weeks after Prime Minister Manmohan Singh after trading hours on Wednesday, 6 June 2012, announced a big push to the infrastructure sector to revive sagging economic growth. The 50-unit S&P CNX Nifty regained the psychological 5,000 mark. The barometer index, BSE Sensex, jumped 194.75 points or 1.18%, up about 129 points from the day's low and off close to 32 points from the day's high. Gains in world stocks underpinned sentiment. Indian shares gained for the fourth straight trading session today, 7 June 2012. The Sensex has risen 683.89 points or 4.28% in four trading sessions from a recent low of Rs 15,965.16 on 1 June 2012. The barometer index has gained 1,194.13 points or 7.73% in calendar 2012 so far (till 7 June 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,513.19 points or 10%. From a 52-week high of 19,131.70 on 8 July 2011, the Sensex has lost 2482.65 points or 12.98%. Coming back to today's trade, index heavyweight Reliance Industries (RIL) edged higher after RIL chairman Mukesh Ambani said at the company's Annual General Meeting today, 7 June 2012, that RIL is targeting to double its operating profit in about five years. Engineering and construction major L&T moved up after the company announced new orders. FMCG stocks rose on arrival of monsoon in Kerala early this week. Metal stocks gained on hopes for Chinese policy-easing. The market breadth was positive.