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Sunday, September 16, 2007
More options for speculation
For short-term investors who want to speculate and generate some quick returns on their investments, the Indian equity derivatives market has emerged as a significant platform. The sheer margin by which derivatives trading volumes has been consistently exceeding cash market volumes over the past few years, attests to the attraction of these derived markets (with contracts out to a maximum three months) as short-term investment vehicles.
This emergence of the derivatives market to a dominant position has broadly coincided with an “almost” secular bull run in Indian equities — now into its fifth year. This coincidence, in turn, has created a particular pattern of trading in derivatives dominated by single-stock futures. Single-stock futures indeed have emerged as the most widely used speculative investment vehicle for investors — accounting for as much as 60 per cent, on average, of all derivatives volumes over the past few years.
It is easy to infer from this point onwards that, in the midst of the sustained bull run in the underlying cash market, the positions in single stock futures are mainly long. Short speculative futures positions, indeed, would have been totally unsustainable in the face of the secular run-up in equities, which seems set to continue.
Quite apart from the market trend-driven trading pattern in derivatives, only the following trading positions in derivatives would be optimal or ideal from an investor’s point of view from a conceptual angle. These are: long futures and a long call option position. Only these two positions provide the combination of potentially unlimited profits as well as limiting the downside for the investor.
This combination of pay-offs results from the fact that while asset prices can theoretically rise to infinity, they cannot fall below zero. For a long futures position, therefore, the maximum mark-to-market loss will be the difference between the entry price and zero. For a long call position, the maximum loss will be the premium paid if the option is not exercised.
Leveraging derivatives
Concepts aside, it is the on-going momentum and trend that generally determine the nature of market positions. But in the bull-run context, it is interesting to note that long call option positions (and more generally options as a product class) form only around 3-4 per cent of derivatives turnover despite this product also providing the combination of unlimited upside with limited downside.
One of the unique characteristics of derivatives is that they permit leverage. That is, based on a small outlay, an investor can take exposures, the size of which is many times the initial outlay. This magnifies the profit potential. The loss potential also, of course, is magnified in relation to an investment in the cash market. But the following argument is made in the background of Indian retail investors using the derivatives markets as the prime avenue for speculation. Having chosen derivatives, between futures and options, options are a far more refined instrument of speculation and leveraging. An example will prove this point. Consider an investor who has Rs 25,000 to invest and has the following alternatives:
Investment in the stock of a company currently quoting at Rs 130, or
Buying (the nearest month) call options on the stock of the company at a strike price of Rs 135 for a premium of Rs 3.50 per option
Therefore for an investment of Rs 25,000, the investor will be able to buy around 192 shares of the company or 7100 call options on the underlying stock The Table gives the final pay-offs on maturity, say one month later, assuming t hat the stock price at maturity is either Rs 120 or Rs 140.
As can be seen, the call option position has magnified both the profit and loss positions for the investor. Compared to a loss of Rs 1,920 when the stock is bought in the cash market, the investor will suffer the loss of his entire Rs 25,000 (premium paid) had he invested the money in buying call options. This is because at a final price of Rs 120, the call option will expire worthless as the underlying stock is worth less than the strike price (Rs 135) on the option.
On the other hand, the profits on the call option position if the market moves in the investor’s favour are several times that from the cash market. If at maturity the stock quotes Rs 140, the investor can exercise his call option @ Rs 135 and book a profit of 5*7100 options = Rs 35,500. Net of the premium Rs 25,000 paid, the profits will be around 50 per cent on the investment of Rs 25,000 in a period of 1 month only. That is the effect of leverage. Against that, the profit on the underlying cash market position will be only Rs 1,920.
Futures vs Options
The investor can also go long on futures on the underlying stock by putting up the necessary margin. Assume that the lot size on derivatives (common for both futures and options) on this stock is 2,950 shares. The margin on the futures position will be around 15 per cent of the contract value – which is the product of 2950 and the futures price locked in. Assuming a price of Rs 135, the margin in fact will work out to around Rs 55,000 – which is more than double of what the investor can put up.
(All prices given in the above example are ruling market prices on a particular company’s stock / derivatives).
The contract specifications on futures, by itself, can or should be a deterrent to speculating through futures. On an on-going basis, the mark-to-market mechanism, in case the market moves against the investor’s position, could be an additional drain on the cash flow. On the contrary, options would be a far smoother and more efficient way of speculating as they do not involve marking-to-market and, therefore, would not involve intervening margin calls.
If, despite these advantages, options have not taken off as a speculative vehicle, it just points to the amount of work needed to be done on creating awareness about this product in the retail investor community. Investors have to note that a margin put up on a long futures position is quite the same as the premium paid for a long call option position. Both are investments. And given current regulations regarding contract specifications on futures, investments in options would appear to be more efficient and capable of more smoothly generating the benefits of leverage that derivatives provide.
Saturday, September 15, 2007
Offtopic - India Twenty20 Cup Matches
Sun 16
1.30PM IST 13th Match, Group E - India v New Zealand
New Wanderers Stadium, Johannesburg
Wed 19
9.30 PM IST 21st Match, Group E - England v India
Kingsmead, Durban
Thu 20
9.30 PM IST 24th Match, Group E - South Africa v India
Kingsmead, Durban
Gandhi, Poverty, Taj Mahal, India
When they think of India they think of Gandhi and Taj Mahal, but when they think of Pakistan they think of nuclear, poverty and cricket, the people across the world said in a survey conducted by BBC.
In the survey conducted on the socio-economic perception on India and Pakistan after 60 years of independence from the British rule, the BBC found that the world also associated both countries with poverty.
In Pakistan's case, the respondents also associated it with the nuclear power.
The survey, conducted in collaboration with international research company Synovate across 20 countries in Europe, North and South America, Asia Pacific and Australia, questioned 12,670 respondents about their perceptions of India and Pakistan.
"It was conducted to coincide with the celebration surrounding India and Pakistan's 60th year of independence from Britain," the BBC said.
Interestingly, where French, Spaniards, Italians and Danes thought India topped in poverty on the planet, their Eastern counterparts Singaporeans, Japanese and Hong Kong nationals thought India to be a modern nation, high on development and technology.
Power Grid investors may make a killing
Retail and high net worth individuals (HNI), who had invested in the initial public offering of Power Grid Corporation of India (PGCIL), are expected to make a killing on the listing day, if the grey market premium on the stock is any indication. Brokers, who trade in the grey market, said bids of Rs 70-72 per share were doing the rounds late Friday compared with the issue price of Rs 52 per share.
The price band of the IPO was Rs 44-52 per share, and the company finalised the issue price at the upper end of the band on Friday. A Mumbai-based broker who tracks grey market prices of IPOs told ET that a high net worth investor who had borrowed money to invest in the IPO would have incurred a financing cost of roughly Rs 10 per share.
This number has been arrived at after taking into account the prevailing rate of interest for IPO financing (usually between 13% and 15%) and the number of times the non-institutional portion of the issue has been oversubscribed.
If the stock manages to hold on to its grey market premium till the listing day, investors stand to nearly double their money.
However, the premiums could change for the better or the worse by the time the stock is listed. For retail investors, the margin of profit could be much more due to lower cost of financing. The retail portion of the issue has been subscribed seven times.
Analysts attribute the overwhelming response to the PGCIL offer to its reasonable pricing. Most brokerages had recommended clients to subscribe to the issue and underscored factors like high revenue visibility, significant ramp up in transmission capacity, among others. PGCIL has received subscription of Rs 1,90,000 crore, a slice of which came from provident and retirement funds.
Investors who rarely put money into equity. Power Grid handles the transmission of as much as 45% of the power generated in India, making it the largest player in the sector.
Indowind Energy - Crazy Trades
14-SEP-2007,INDOWIND,Indowind Energy Limited,AMBIT SECURITIES BROKING PVT. LTD.,BUY,687648,92.86,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASHOK DEORAH,BUY,375105,92.92,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASHWIN STOCK & INVST.P.LTD.,BUY,456210,87.01,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD,BUY,927661,87.83,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,BUY,772337,78.11,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,AUM SECURITIES PRIVATE LTD,BUY,574638,90.27,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,B K SHAH AND CO,BUY,286865,90.59,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED.,BUY,500000,90.00,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,BUY,681000,91.24,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,BUY,811918,100.16,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,HARBUX SINGH SIDHU,BUY,716890,90.92,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,JIGNESH TALAKSHI GALA (HUF),BUY,472495,103.06,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,BUY,747731,101.32,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,KHANDWALA INTEGRATED FINANCIAL SERVICES P LTD,BUY,506963,83.07,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,M/S JIYA INVESTMENTS,BUY,278868,106.24,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,MAHENDRA P RATHOD,BUY,373316,67.51,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,MANIPUT INVESTMENTS PVT LTD,BUY,316690,97.49,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,NAMAN SECURITIES & FINANCE PVT LTD,BUY,249608,100.06,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,P R B SECURITIES PRIVATE LTD,BUY,943516,87.50,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,PRASHANT JAYANTILAL PATEL,BUY,1661803,97.04,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,RAMAKANT R CHOKHANI,BUY,449912,81.30,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,SANDEEP SATISHKUMAR SABOO,BUY,1178856,73.93,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,TEJPAL S SHAH,BUY,434957,89.32,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,TRANSGLOBAL SECURITIES LTD.,BUY,704776,98.41,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,VAIBHAV DOSHI,BUY,372862,85.37,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,VIJAY Y NANVARE,BUY,487909,82.57,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,AMBIT SECURITIES BROKING PVT. LTD.,SELL,687648,93.04,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASHOK DEORAH,SELL,375105,93.98,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASHWIN STOCK & INVST.P.LTD.,SELL,456210,89.22,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD,SELL,927661,88.16,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,ASSET ALLIANCE SECURITIES PVT. LTD.,SELL,772337,78.57,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,AUM SECURITIES PRIVATE LTD,SELL,574638,92.58,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,B K SHAH AND CO,SELL,286865,91.96,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,DINDAYAL BIYANI STOCK BROKERS LTD.,SELL,680990,91.86,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,GHALLA BHANSALI STOCK BROKERS PVT. LTD.,SELL,811917,100.63,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,HARBUX SINGH SIDHU,SELL,716890,91.35,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,JIGNESH TALAKSHI GALA (HUF),SELL,472495,103.30,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,KAUSHIK SHAH SHARES & SECURITIES PVT LTD,SELL,746731,101.64,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,KHANDWALA INTEGRATED FINANCIAL SERVICES P LTD,SELL,480713,81.82,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,M/S JIYA INVESTMENTS,SELL,278868,106.45,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,MAHENDRA P RATHOD,SELL,373316,73.56,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,MANIPUT INVESTMENTS PVT LTD,SELL,316690,97.55,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,NAMAN SECURITIES & FINANCE PVT LTD,SELL,238606,100.97,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,P R B SECURITIES PRIVATE LTD,SELL,943516,88.78,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,PRASHANT JAYANTILAL PATEL,SELL,1661803,97.90,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,RAMAKANT R CHOKHANI,SELL,449912,81.65,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,SANDEEP SATISHKUMAR SABOO,SELL,1159351,81.75,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,TEJPAL S SHAH,SELL,434957,90.26,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,TRANSGLOBAL SECURITIES LTD.,SELL,699776,99.02,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,VAIBHAV DOSHI,SELL,372862,85.25,-
14-SEP-2007,INDOWIND,Indowind Energy Limited,VIJAY Y NANVARE,SELL,469385,89.05,-
Kalaignar TV starts
The DMK leadership backed Kalaignar TV, a Tamil satellite channel, began beaming its programmes from Saturday, the 99th birth anniversary of DMK founder late C N Annadurai and also 'Ganesh Chaturthi' day.
DMK patriarch and Tamil Nadu Chief Minister M Karunanidhi, the brain behind the channel named 'Kalaignar,' as he is fondly called by his followers, in a message, said everybody was saying that all projects inaugurated by him had become a runaway success.
"But the promoters of some projects, which have become a huge success, have distanced themselves from me,' he said in an obvious reference to the Maran brothers, whose SUN-TV has become a household name in the state. The brothers had distanced themselves from the DMK due to problems between the families of Karunanidhi and the late Murasoli Maran.
In a bid to attract viewers, the channel had signed up leading film personalities like K Balachander, Bharathiraja, Kushboo and A V M Saravanan to provide programme content.
In another bid to outshine the SUN-TV newscast, the channel has drawn newspersons from the SUN group and timed its newscast half an hour ahead of SUN.
It has also got the telecast rights of the latest Tamil films like 'Mozhi', a small budget but runaway success, the high cost Rajinikant starrer 'Sivaji' and another huge hit 'Imsaiarasan'.
The inaugural day feast for viewers was telecast of 'Mozhi' and 'Imsaiarasan'.
Forthcoming IPOs
| Company | Issue Type | Offer Price | Issue Size | Total Equity |
| Aavishkar Software Ltd | ||||
| Aditya Internet Services Ltd | ||||
| Ador Technologies Ltd | ||||
| Afcons Infrastructure Ltd | ||||
| Ahluwalia Contracts (India) Ltd | ||||
| Aishwarya Telecom Ltd | ||||
| Akshay Software Technologies Ltd | ||||
| Alkali Metals Ltd | ||||
| AML Steel Ltd | ||||
| Ampersand Software Applications Ltd | ||||
| AMR Softech Ltd | ||||
| Applitech Solution Ltd | ||||
| Aries Agro Ltd | ||||
| Arrow Cables Ltd | ||||
| ARS Systems & Communications Ltd | ||||
| Asiatic Colour Chem Industries Ltd | ||||
| Associated Infotech Ltd | ||||
| ATMT Software Ltd | ||||
| Averina International Resorts | ||||
| Aviva Industries Ltd | ||||
| Ban Labs Ltd | ||||
| Bang Overseas Ltd | ||||
| Barak Valley Cements Ltd | ||||
| BGR Energy Systems Limited | ||||
| Bharat Hotels Ltd | ||||
| Bharati Mobitel Ltd | ||||
| Binary Semantics Ltd | ||||
| Biogen Biotechnologies Ltd | ||||
| Boston Education and Software Tech. Ltd | ||||
| Brahamputra Consortium Ltd | ||||
| Brahma Interactive Ltd | ||||
| Brows Computer and Software Ltd | ||||
| Burnpur Cement Ltd | ||||
| Carbon Communications & Visuals Ltd | ||||
| Chakkilam Infotech Ltd | ||||
| Channel Guide India Ltd | ||||
| Chemcel Biotech Ltd | ||||
| Circuit Systems (India) Ltd | ||||
| Clarixxon Technologies Ltd | ||||
| Consolidated Construction Consortium Ltd | ||||
| Cords Cable Industries Ltd | ||||
| Creative Infosystems Ltd | ||||
| Cybertel Software Ltd | ||||
| Datamatics Technologies Ltd | ||||
| Deldot Systems Ltd | ||||
| Dwarikesh Sugar Industries Ltd | ||||
| Eclat Infoway Ltd | ||||
| Edelweiss Capital Ltd | ||||
| Eider e-Commerce Ltd | ||||
| Emmbros Autocomp Ltd | ||||
| Empee Distilleries Ltd | ||||
| Eskay K`n'IT(India) Ltd | ||||
| Essel Shyam Communication Ltd | ||||
| Excel Infotech Ltd | ||||
| Excel Prosoft Ltd | ||||
| Future Communications Ltd | ||||
| Future Software Ltd | ||||
| Gammon Infrastructure Projects Ltd | ||||
| Gateway Tele-Soft Ltd | ||||
| Global Infonet Technologies Ltd | ||||
| Globus Spirits Ltd | ||||
| Godrej Sara Lee Ltd | ||||
| Growth Compusoft Exports Ltd | ||||
| GSS America Infotech Ltd | ||||
| Gurukul Technologies Ltd | ||||
| HAL Offshore Ltd | ||||
| Hitech Comvision Ltd | ||||
| ICSS Informatics Ltd | ||||
| Imap Technologies Ltd | ||||
| Ind Synergy Ltd | ||||
| India Images Entertainment & Software Ltd | ||||
| Indo Asia Leisure Services Ltd | ||||
| Indo French Laboratories Ltd | ||||
| Information Network Services Ltd | ||||
| Intop Software Solutions Ltd | ||||
| IOL Chemicals & Pharmaceuticals Ltd | ||||
| Ismit Medical Technologies Ltd | ||||
| ITM Global Ltd | ||||
| Janki Corp Ltd | ||||
| Jas Toll Road Company Ltd | ||||
| Jenson & Nicholson (India) Ltd | ||||
| Jyothy Laboratories Ltd | ||||
| Kafin Consulting And Holdings Ltd | ||||
| Kamayani Patient Care (India) Ltd | ||||
| Kaushalya Infrastructure Development Corpn Ltd | ||||
| Ken Software Technologies Ltd | ||||
| Khadim India Ltd | ||||
| Kiri Dyes & Chemicals Ltd | ||||
| Kolte Patil Developers Ltd | ||||
| Koutons Retail India Ltd | ||||
| Lemuria Technologies Ltd | ||||
| Lumax Automotive Systems Ltd | ||||
| Lunkad Media and Entertainment Ltd | ||||
| M S Khurana Engineering Ltd | ||||
| Maanya Biotech Ltd | ||||
| Magic Touch Infotech Ltd | ||||
| Mahadev.com Ltd | ||||
| Malos Software Solutions Ltd | ||||
| Malwa Industries Ltd | ||||
| Man Infraconstruction Ltd | ||||
| Manaksia Ltd | ||||
| Manga Capsules Ltd | ||||
| Manipal Media Network Ltd | ||||
| Manjushree Extrusions Ltd | ||||
| Manush Distributers Ltd | ||||
| Maytas Infra Ltd | ||||
| MBL Infrastructures Ltd | ||||
| Microcity(India) Ltd | ||||
| Microcon International Ltd | ||||
| Midvalley Entertainment Ltd | ||||
| MSK Projects (India) Ltd | ||||
| MSPL Ltd | ||||
| Multi Commodity Exchange of India Ltd | ||||
| Mundra Port & Special Economic Zone Ltd | ||||
| National Hydroelectric Power Corp Ltd | ||||
| Nectar Biotech Ltd | ||||
| Net 4 India Ltd | ||||
| Netlogic Technologies Ltd | ||||
| Newgen Software Technologies | ||||
| Newline Communications Systems Ltd | ||||
| Next Gen Publishing Ltd | ||||
| Nihar Infoway Ltd | ||||
| Nimbus Communications Ltd | ||||
| Niraj Cement Structurals Ltd | ||||
| Odyssey India Ltd | ||||
| Oswal Woollen Mills Ltd | ||||
| Parabolic Drugs Ltd | ||||
| Paras Pharmaceuticals Ltd | ||||
| PMC Soft Ltd | ||||
| Porwal Auto Components Ltd | ||||
| Precision Pipes & Profiles Company Ltd | ||||
| Proalgen Biotech Ltd | ||||
| Quantum Build-Tech Ltd | ||||
| Radiant Software Ltd | ||||
| Raj Securities Ltd | ||||
| Rajpurohit GMP India Ltd | ||||
| Ramsarup Industries Ltd | ||||
| Ramsarup Lohh Udyog Ltd | ||||
| Rathi Bars Ltd | ||||
| Religare Enterprises Ltd | ||||
| Renaissance Jewellery Ltd | ||||
| Rider Software Ltd | ||||
| RNS Infrastructure Ltd | ||||
| Rural Electrification Corporation Ltd | ||||
| SAAG RR Infra Ltd | ||||
| Saamya Biotech (India) Ltd | ||||
| Sameera Infotainment Ltd | ||||
| San Media Ltd | ||||
| Sarju International Ltd | ||||
| Shaily Engineering Plastics Ltd | ||||
| Sheetal.com (India) Ltd | ||||
| Shirt Company (India) Ltd | ||||
| Shri Balkishan Agarwal Glass Industries Ltd | ||||
| Singhal Credit Management Ltd | ||||
| Sita Shree Food Products Ltd | ||||
| Skynet Web TV Ltd | ||||
| Somi Conveyor Beltings Ltd | ||||
| Sovika Infotek Ltd | ||||
| Spalee Systems Ltd | ||||
| Special Blasts Ltd | ||||
| SPS Steels Rolling Mills Ltd | ||||
| SRS Entertainment Ltd | ||||
| St. Angelo's Computers Ltd | ||||
| Steel City Securities Ltd | ||||
| Stesalit Ltd | ||||
| Sunstar Overseas Ltd | ||||
| Superprecise Medisys & Softech Ltd | ||||
| Supreme Infrastructure India Ltd | ||||
| SVEC Construction Ltd | ||||
| SVP Industries Ltd | ||||
| SVPCL Ltd | ||||
| Synectics Consultants Ltd | ||||
| Synergies Castings Ltd | ||||
| Tecpro Systems Ltd | ||||
| Terranova Technologies Ltd | ||||
| Thirdware Solutions ltd | ||||
| Titagarh Wagons Ltd | ||||
| Todays Writing Products Ltd | ||||
| Tulsi Extrusions Ltd | ||||
| Uma Precision Ltd | ||||
| Varun Industries Ltd | ||||
| Veena Industries Ltd | ||||
| Visual Vistas Ltd | ||||
| Vyapar.com and Industries Ltd | ||||
| Ways India Ltd | ||||
| Western Outdoor Media Technologies Ltd | ||||
| Wockhardt Hospital Ltd | ||||
| Wondercraft Industries Ltd | ||||
| Zeeram Soft Ltd |
FII Activity
| Dated | Purchase (Rs Crore) | Sale (Rs Crore) | Investment (Rs Crore) | Investment ($US mm) |
| 14 Sep 2007 | ||||
| 13 Sep 2007 | ||||
| 12 Sep 2007 | ||||
| 11 Sep 2007 | ||||
| 10 Sep 2007 | ||||
| 07 Sep 2007 | ||||
| 06 Sep 2007 | ||||
| 05 Sep 2007 | ||||
| 04 Sep 2007 | ||||
| 03 Sep 2007 |
Grey Market - Power Grid, Consolidated, Dhanus, Kouton
Power Grid Corporation 44 to 52 18.5 to 19
Dhanus Tech 280 to 295 95 to 100
Koutons Retail 370 to 415 70 to 75
Consolidated Construction 460 to 510 120 to 125
Circuit Systems (India) Ltd. 35 4 to 5
Magnum Venture 30 2 to 3
Kaveri Seeds 150 to 170 8 to 10
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