CESC

CESC

Prime Focus

 Prime Focus 

Tara Jewels IPO Analysis

CM RATING 38/100 Tara Jewels is promoted by first-generation entrepreneur Rajeev Sheth. The company is predominately an exporter of studded diamond jewellery, which constituted about 81% of total turnover as on March 2012 But to tap the growing domestic mid-income segment, Tara set up its first retail showroom in October 2008. Currently the company has net 29 stores spread over area of about 29,950 sq feet across suburban areas of metros, mini metros and cities with higher concentration of the mid-income segment. Each store is around 1,000 sq feet, carrying about Rs 2.5 crore worth of inventory of fashion jewellary. Tara plans to open about 20 new stores across west India, central India and the NCR region in India by March 2013.

Weekly Stock Picks - Nov 25 2012

Buy Coal India Buy KPIT Cummins Buy HInd Uniliver Buy Dr Reddy's Labs Buy PFC

Weekly Newsletter - Nov 25 2012

The indices may have notched up marginal gains for the week but the performance remained more or less subdued save for Wednesday when some gains were seen. The global cues were also hard to come by with a truncated week in US on account of Thanksgiving Thursday and Black Friday. The market didn’t seem to pay too much attention to the ruckus in Parliament as it managed to avoid any losses on Thursday even as the Lok Sabha and Rajya Sabha were adjourned. The Government is locked in a battle with the opposition over the validity of a debate over FDI reforms. The finance minister is in favour of rolling out GAAR from April 2014. Meanwhile, Moody's says the Indian economy is likely to grow at 5.5 % to 6 % this year and is hopeful that things will improve from then onwards. However, if India fails to rein in its ballooning deficit, India could face a downgrade in its ratings. The market could remain in a narrow range for some time as clear triggers are lacking. India’s Q3 GDP figures on 30th November will be keenly watched. Among the global cues to look out for are Greece debt situation and US fiscal cliff handling. On the political front, a meeting of all party leaders of Lok Sabha and Rajya Sabha has been conveyance by Parliamentary affairs minister Kamal Nath; the outcome here will be crucial for Parliament to function.

Winter of discontent...Parliament sees two adjournments

Opposition calls for vote on FDI, TNC for no confidence in Govt. Shiv Sena leaders want their late leader Bal Thackeray to be duly honored in Parliament. In the wake of differences over the government's decision to allow FDI in retail both the houses of the parliament were adjourned as BJP led opposition called for a debate and vote on the matter. The first day of the Winter session of Parliament saw the Lok Sabha being adjourned till 12:30 whitely Rajya Sabha was adjourned for the day. The government faces a two pronged assault as Lok Sabha Speaker, Meera Kumari, said that she received a notice of no confidence from former ally and Trinamool Congress supremo, Mamata Banerjee. Shiv Sena leaders wanted their late leader Bal Thackeray to be duly honoured in Parliament. Prime Minister Manmohan Singh arrived at Parliament stating that he had a very heavy legislative agenda during the Winter Session. "I seek cooperation from my colleagues in the House. We are ready to discuss all issues on the floor of both the Houses." Parliamentary Affairs Minister Kamal Nath was quoted as saying, "Opposition can't decide date and time of discussions in Parliament. We are ready to discuss FDI with BJP and others. The Parliamentary session should be carried out peacefully." After the Parliament resumed session at 12:30, the no confidence motion was rejected in the Lok Sabha as the motion failed to receive support in the house. Speaker Meira Kumar asked members supporting the motionto stand up; none but TMC stood up. The Lower House was adjourned for the day amidst sloganeering and shouting from MPs as Leader of Opposition Sushma Swaraj tried to initiate a debate and vote on the FDI in retail issue. Parliament meets for the Winter Session between November 22 and December 20, 2012. There will be a total of 20 sittings. The agenda for legislation includes 25 Bills pending for consideration and passing. The government plans to introduce 10 new Bills.

MindTree reboots after block deal

MindTree rose 1.71% to Rs 670.60 at 11:04 IST on BSE after a block deal of 1.9 lakh shares was executed on BSE at Rs 665 per share at 9:52 IST. The block deal constitutes 0.46% of MindTree's equity capital. Meanwhile, the BSE Sensex was up 2.75 points or 0.01% at 18,520.09. On BSE, 2.04 lakh shares were traded in the counter as against average daily volume of 26,244 shares in the past one quarter. The stock hit a high of Rs 679.75 and a low of Rs 663 so far during the day. The stock had hit a 52-week high of Rs 761.95 on 12 September 2012. The stock had hit a 52-week low of Rs 371.70 on 1 February 2012. The stock had underperformed the market over the past one month till 22 November 2012, falling 1.9% compared with the Sensex's 1.47% slide. The scrip had also underperformed the market in the past one quarter, declining 2.09% as against Sensex's 3.76% rise. The small-cap IT company has equity capital of Rs 41.10 crore. Face value per share is Rs 10. MindTree's net profit fell 19% to Rs 72.20 crore on 6% growth in sales to Rs 596.30 crore in Q2 September 2012 over Q1 June 2012. MindTree is a global IT and Product Engineering Services Company, with deep knowledge in specific domains.

Market may remain volatile due to F&O expiry

The market may remain volatile as traders roll over positions in the futures & options (F&O) segment from the near month November 2012 series to December 2012 series. The near-month November 2012 derivatives contracts expire on Thursday, 29 November 2012. Next week is a truncated trading week. The stock market remains closed on Wednesday, 28 November 2012, on account of Gurunanak Jayanti.

Glaxo

 Glaxo

SAIL

SAIL

India Telecom

 India Telecom

Market may remain in narrow zone this week

India’s Q3 GDP figures on 30th November will be keenly watched. Among the global cues to look out for are Greece debt situation and US fiscal cliff handling. The indices may have notched up marginal gains for the week but the performance remained more or less subdued save for Wednesday when some gains were seen. The global cues were also hard to come by with a truncated week in US on account of Thanksgiving Thursday and Black Friday. The market didn’t seem to pay too much attention to the ruckus in Parliament as it managed to avoid any losses on Thursday even as the Lok Sabha and Rajya Sabha were adjourned. The Government is locked in a battle with the opposition over the validity of a debate over FDI reforms. The finance minister is in favour of rolling out GAAR from April 2014. Meanwhile, Moody's says the Indian economy is likely to grow at 5.5 % to 6 % this year and is hopeful that things will improve from then onwards. However, if India fails to rein in its ballooning deficit, India could face a downgrade in its ratings. The market could remain in a narrow range for some time as clear triggers are lacking. India’s Q3 GDP figures on 30th November will be keenly watched. Among the global cues to look out for are Greece debt situation and US fiscal cliff handling. On the political front, a meeting of all party leaders of Lok Sabha and Rajya Sabha has been conveyance by Parliamentary affairs minister Kamal Nath; the outcome here will be crucial for Parliament to function.

Markets end week with minute gains; Sensex, Nifty up by 1%

The Indian markets closed with marginal gains and remained in a narrow range throughout the week. The Sensex rose 1.08% and the Nifty was up by 0.94% for the week ended November 23, 2012. Major Headlines: Indian economy likely to grow in range of 5.5% to 6%: Moody's Govt prefers capital infusion in PSU Banks via rights issue Tata Motors expects auto sector to grow by 6-7% this fiscal CBI questions 2 officials in coal allocation scam Govt to OK NMDC's 50% stake buy in Legacy Iron Ore

Market would continue consolidation trend with bias remaining positive

Market would closely eye the developments in the parliament and any sign of rollback in reforms announced so far would be very negative for the market… even otherwise the market is expected to consolidate further with strong resistance above 5700 levels