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Monday, January 14, 2008
NSE Bulk Deal Watch - Jan 14 2008
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
14-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,BUY,79777,221.86,-
14-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,BUY,113900,225.84,-
14-JAN-2008,ARIES,Aries Agro Limited,DINESH MUNJAL,BUY,170759,219.91,-
14-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,84965,227.78,-
14-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,BUY,224294,224.67,-
14-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,BUY,124898,225.00,-
14-JAN-2008,ARIES,Aries Agro Limited,PACE FINCAP PRIVATE LIMITED,BUY,119195,223.64,-
14-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,BUY,159794,227.46,-
14-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,BUY,143895,223.68,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,BUY,395809,41.30,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,BUY,349853,39.30,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,BUY,255866,39.41,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,BUY,499371,39.70,-
14-JAN-2008,NICCO,Nicco Corporation Limited,RAPID ESTATES PRIVATE LIMITED,BUY,788670,38.00,-
14-JAN-2008,OMNITECH,Omnitech Infosolutions Li,MANISH VRAJLAL SARVAIYA,BUY,107108,223.04,-
14-JAN-2008,PPAP,Precision Pipes And Profi,FIN BRAINS SECURITIES (INDIA) LTD.,BUY,103853,145.89,-
14-JAN-2008,PPAP,Precision Pipes And Profi,NEPTUNE FINCOT PVT LTD,BUY,71498,149.26,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRASHANT JAYANTILAL PATEL,BUY,211324,148.67,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,DEEPAK B DESAI,BUY,97386,154.91,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,JRK CONSULTANTS PVT LTD,BUY,200000,174.88,-
14-JAN-2008,ARIES,Aries Agro Limited,CPR CAPITAL SERVICES LTD.,SELL,79777,222.23,-
14-JAN-2008,ARIES,Aries Agro Limited,CREDENTIAL STOCK BROKERS LIMITED,SELL,113900,225.71,-
14-JAN-2008,ARIES,Aries Agro Limited,DINESH MUNJAL,SELL,170759,220.62,-
14-JAN-2008,ARIES,Aries Agro Limited,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,84965,228.31,-
14-JAN-2008,ARIES,Aries Agro Limited,HARBUX SINGH SIDHU,SELL,224294,224.75,-
14-JAN-2008,ARIES,Aries Agro Limited,KARIMJEE PVT.LTD.,SELL,124898,223.45,-
14-JAN-2008,ARIES,Aries Agro Limited,PACE FINCAP PRIVATE LIMITED,SELL,119195,222.96,-
14-JAN-2008,ARIES,Aries Agro Limited,R.M. SHARE TRADING PVT LTD,SELL,159794,227.61,-
14-JAN-2008,ARIES,Aries Agro Limited,YOKE SECURITIES LIMITED,SELL,141895,223.79,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,ASTUTE COMMODITIES & DERIVATIVES Pvt Ltd,SELL,348996,41.07,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,NISSAR BROTHERS,SELL,349853,39.24,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,SANJAY BHANWARLAL JAIN,SELL,255866,39.62,-
14-JAN-2008,BURNPUR,Burnpur Cement Limited,TRANSGLOBAL SECURITIES LTD.,SELL,489374,39.64,-
14-JAN-2008,NICCO,Nicco Corporation Limited,NIRAJ REALTORS & SHARES PVT. LTD.,SELL,800000,38.00,-
14-JAN-2008,OMNITECH,Omnitech Infosolutions Li,MANISH VRAJLAL SARVAIYA,SELL,80108,216.62,-
14-JAN-2008,PPAP,Precision Pipes And Profi,FIN BRAINS SECURITIES (INDIA) LTD.,SELL,103853,147.02,-
14-JAN-2008,PPAP,Precision Pipes And Profi,NEPTUNE FINCOT PVT LTD,SELL,71497,148.06,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRASHANT JAYANTILAL PATEL,SELL,211324,148.21,-
14-JAN-2008,PPAP,Precision Pipes And Profi,PRIME INDIA INVESTMENT FUND LTD,SELL,145185,150.19,-
14-JAN-2008,PPAP,Precision Pipes And Profi,RAHN AND BODMER,SELL,136066,150.20,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,DEEPAK B DESAI,SELL,83263,160.26,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,JRK CONSULTANTS PVT LTD,SELL,200000,149.50,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,RELIANCE CAPITAL LTD,SELL,102252,167.35,-
14-JAN-2008,SHLAKSHMI,Shri Lakshmi Cotsyn Limit,SONATA INVESTMENTS LIMITED,SELL,107485,171.87,-
BSE Bulk Deals to Watch - Jan 14 2008
| 14/1/2008 | 511706 | ACTION FIN | DINESH MEHTA AND SONS HUF | S | 66000 | 46.72 |
| 14/1/2008 | 532919 | ALLIED COMP | JHUNJHUNWALA ENTERPRISES | B | 100000 | 45.00 |
| 14/1/2008 | 532919 | ALLIED COMP | ACCORD CAPITAL MARKETS LTD | S | 350000 | 45.12 |
| 14/1/2008 | 531400 | ALMONDZ GLO | INNOVATE SECURITIES PVT LTD PRO ACCOUNT | B | 100000 | 119.40 |
| 14/1/2008 | 590049 | APOLLO SINDH | MORGAN STANLEY MAU CO LTD | B | 14685 | 821.87 |
| 14/1/2008 | 532935 | ARIES AGRO | PACE FINCAP PRIVATE LIMITED | B | 125063 | 225.12 |
| 14/1/2008 | 532935 | ARIES AGRO | PRATIK H. PAREKH | S | 67339 | 229.27 |
| 14/1/2008 | 532935 | ARIES AGRO | PACE FINCAP PRIVATE LIMITED | S | 125063 | 226.04 |
| 14/1/2008 | 532935 | ARIES AGRO | JMP SECURITIES PVT. LTD. | S | 155918 | 239.48 |
| 14/1/2008 | 505506 | AXON INFOTEC | UNIFLEX CARRYING CO. PVT LTD | B | 30000 | 72.45 |
| 14/1/2008 | 505506 | AXON INFOTEC | CLOCK SIGN TRADING CO. PVT LTD. | B | 21500 | 72.45 |
| 14/1/2008 | 505506 | AXON INFOTEC | RIDHIMA HOLDINGS PVT LTD | S | 29850 | 72.00 |
| 14/1/2008 | 505506 | AXON INFOTEC | PARAS FINVEST PVT LIMITED | S | 5500 | 72.00 |
| 14/1/2008 | 505506 | AXON INFOTEC | BINDUBALA SHARMA | S | 7394 | 71.49 |
| 14/1/2008 | 505506 | AXON INFOTEC | PARAS KUMAR JAIN | S | 16000 | 72.25 |
| 14/1/2008 | 505506 | AXON INFOTEC | JYOTHI N | S | 4000 | 75.40 |
| 14/1/2008 | 532931 | BURNPUR | N D NISSAR | B | 238395 | 38.39 |
| 14/1/2008 | 532931 | BURNPUR | JMP SECURITIES PVT. LTD. | B | 268119 | 42.15 |
| 14/1/2008 | 532931 | BURNPUR | KETAN MAMANIYA | B | 238113 | 39.37 |
| 14/1/2008 | 532931 | BURNPUR | N D NISSAR | S | 238395 | 38.36 |
| 14/1/2008 | 532931 | BURNPUR | KETAN MAMANIYA | S | 238113 | 39.52 |
| 14/1/2008 | 505923 | CEEKAY DIAKI | I S F SECURITIES LTD | B | 50833 | 137.12 |
| 14/1/2008 | 505923 | CEEKAY DIAKI | MAHENDRA KUMAR JAIN | B | 29483 | 135.26 |
| 14/1/2008 | 505923 | CEEKAY DIAKI | I S F SECURITIES LTD | S | 55833 | 135.72 |
| 14/1/2008 | 505923 | CEEKAY DIAKI | MAHENDRA KUMAR JAIN | S | 25553 | 138.37 |
| 14/1/2008 | 505923 | CEEKAY DIAKI | SHILPA KETAN SHAH | S | 40000 | 137.53 |
| 14/1/2008 | 526917 | CHD DEV LTD | JMP SECURITIES PVT. LTD. | B | 370829 | 29.84 |
| 14/1/2008 | 522231 | CONART ENGIN | HAFEEZ S CONTRACTOR | S | 32000 | 44.01 |
| 14/1/2008 | 500117 | DCW LTD | JMP SECURITIES PVT. LTD. | B | 1028214 | 37.36 |
| 14/1/2008 | 500117 | DCW LTD | JMP SECURITIES PVT. LTD. | S | 952912 | 37.77 |
| 14/1/2008 | 517973 | DMC INTER | HITECH COMPUTECH PRIVATE LTD | B | 45000 | 37.62 |
| 14/1/2008 | 517973 | DMC INTER | J A FINANCIAL AND MANAGEMENT CONSULTANTS PVT LTD | S | 28000 | 37.94 |
| 14/1/2008 | 532318 | GEMINI COMMU | PAVAN GANDHI | B | 122723 | 298.14 |
| 14/1/2008 | 532318 | GEMINI COMMU | PAVAN GANDHI | S | 151586 | 298.10 |
| 14/1/2008 | 531137 | GEMSTONE INV | SUPREME INDIA COTTEX PVT LTD | B | 50000 | 32.65 |
| 14/1/2008 | 524184 | GULSHA SUG C | KAMAL KUMAR DUGAR AND CO | B | 223447 | 65.91 |
| 14/1/2008 | 500500 | HIND MOT LTD | JMP SECURITIES PVT. LTD. | B | 889006 | 78.34 |
| 14/1/2008 | 531025 | INCA FINLEAS | GLOBAL FILM AND BORD CASTING L | B | 30200 | 148.46 |
| 14/1/2008 | 531025 | INCA FINLEAS | JATIN RAMNIKLAL CHHADWA | S | 15000 | 150.00 |
| 14/1/2008 | 531025 | INCA FINLEAS | RAKESH JATIN CHHADWA | S | 15000 | 147.00 |
| 14/1/2008 | 524342 | INDO BORAX C | NISHA SUMAN JAIN | B | 26240 | 154.30 |
| 14/1/2008 | 530405 | JINDAL CAP. | HITESH SHASHIKANT JHAVERI | B | 25001 | 81.95 |
| 14/1/2008 | 530405 | JINDAL CAP. | JMP SECURITIES PVT. LTD. | B | 97619 | 75.30 |
| 14/1/2008 | 530405 | JINDAL CAP. | JMP SECURITIES PVT. LTD. | S | 39540 | 80.49 |
| 14/1/2008 | 512413 | KHAITAN WVG | BHAROSEMAND COMMODITIES PVT.LTD. | B | 6794 | 65.90 |
| 14/1/2008 | 507435 | KHODAY INDIA | HONEYWELL BUSINESS PVT LTD | S | 150000 | 294.13 |
| 14/1/2008 | 523550 | KRYPTON INDU | CHAINROOP SURAJMAL DUGAR | B | 29824 | 75.41 |
| 14/1/2008 | 523550 | KRYPTON INDU | NILESH KUMAR LAHOTI | S | 32261 | 75.44 |
| 14/1/2008 | 523550 | KRYPTON INDU | CHAINROOP SURAJMAL DUGAR | S | 36673 | 74.16 |
| 14/1/2008 | 531261 | KUSHAGRA SO | V R P FINANCIAL SERVICES PVT LTD | B | 498745 | 12.30 |
| 14/1/2008 | 531261 | KUSHAGRA SO | TRIJAL INDUSTRIES LIMITED | S | 500000 | 12.30 |
| 14/1/2008 | 505523 | MAH IND LEAS | AYODHYAPATI INVESTMENT PVT. LTD | B | 25986 | 56.77 |
| 14/1/2008 | 505523 | MAH IND LEAS | ENCA FINLEASE LTD. | B | 35500 | 57.15 |
| 14/1/2008 | 505523 | MAH IND LEAS | AYODHYAPATI INVESTMENT PVT. LTD | S | 21846 | 57.15 |
| 14/1/2008 | 501209 | MAST MEDI SY | BAKLIWAL FINANCIAL SERVICES INDIA PVT LTD | B | 60843 | 70.01 |
| 14/1/2008 | 532850 | MIC ELECT | CITI GROUP GLOBAL MARKET MAURITIUS LIMITED | B | 150000 | 914.00 |
| 14/1/2008 | 532850 | MIC ELECT | BSMA LIMITED | S | 175000 | 914.00 |
| 14/1/2008 | 519287 | MODERN DAIRE | SHAILAJA FINANCE LTD | S | 47000 | 75.00 |
| 14/1/2008 | 531096 | MOUNT EVE MI | DSP MERRILL LYNCH CAPITAL LIMITED | B | 155292 | 179.00 |
| 14/1/2008 | 531096 | MOUNT EVE MI | MERILL LYNCH CAPITAL MARKETS ESPANA S A SV | S | 275292 | 181.62 |
| 14/1/2008 | 531452 | NCC FINANC L | SANTOSH JAIPURIA | S | 35000 | 16.91 |
| 14/1/2008 | 590028 | NICCO CORP | RAPID ESTATES PRIVATE LIMITED | B | 696849 | 38.00 |
| 14/1/2008 | 590028 | NICCO CORP | NIRAJ REALTORS AND SHARES PVT LTD | S | 808195 | 38.01 |
| 14/1/2008 | 531465 | NOUVEA MULTI | BHAROSEMAND COMMODITIES PVT.LTD | B | 33600 | 30.15 |
| 14/1/2008 | 507864 | PIONEER INVE | ALOSHA VANIJYA PVT LTD. | B | 53536 | 859.51 |
| 14/1/2008 | 532933 | PORWAL AUTO | YES INVESTMENTS | B | 139000 | 84.39 |
| 14/1/2008 | 532933 | PORWAL AUTO | NILESH K SHAH | B | 452322 | 89.90 |
| 14/1/2008 | 532933 | PORWAL AUTO | SPJSTOCK | B | 140011 | 85.10 |
| 14/1/2008 | 532933 | PORWAL AUTO | PRABHUDAS LILLADHER PVT. LTD. | B | 423707 | 86.14 |
| 14/1/2008 | 532933 | PORWAL AUTO | N D NISSAR | B | 399377 | 84.52 |
| 14/1/2008 | 532933 | PORWAL AUTO | KAUSHIK SHAH SHARES SEC P L | B | 425119 | 88.93 |
| 14/1/2008 | 532933 | PORWAL AUTO | DEEPAK S CHHEDA | B | 406834 | 84.87 |
| 14/1/2008 | 532933 | PORWAL AUTO | AMIT M GALA | B | 420081 | 85.99 |
| 14/1/2008 | 532933 | PORWAL AUTO | HIMANSHU R NISSAR | B | 211156 | 84.17 |
| 14/1/2008 | 532933 | PORWAL AUTO | AMU SHARES AND SEC LTD | B | 159784 | 86.04 |
| 14/1/2008 | 532933 | PORWAL AUTO | SONI JIGNESH BALKRISHNA | B | 137856 | 86.16 |
| 14/1/2008 | 532933 | PORWAL AUTO | YES INVESTMENTS | S | 139000 | 86.30 |
| 14/1/2008 | 532933 | PORWAL AUTO | NILESH K SHAH | S | 452322 | 88.47 |
| 14/1/2008 | 532933 | PORWAL AUTO | SONI JIGNESH BALKRISHNA | S | 137856 | 82.06 |
| 14/1/2008 | 532933 | PORWAL AUTO | SPJSTOCK | S | 140011 | 85.25 |
| 14/1/2008 | 532933 | PORWAL AUTO | PRABHUDAS LILLADHER PVT. LTD. | S | 423392 | 86.41 |
| 14/1/2008 | 532933 | PORWAL AUTO | N D NISSAR | S | 399377 | 84.74 |
| 14/1/2008 | 532933 | PORWAL AUTO | KAUSHIK SHAH SHARES SEC PL | S | 410919 | 89.21 |
| 14/1/2008 | 532933 | PORWAL AUTO | DEEPAK S CHHEDA | S | 406834 | 85.19 |
| 14/1/2008 | 532933 | PORWAL AUTO | AMIT M GALA | S | 420081 | 86.35 |
| 14/1/2008 | 532933 | PORWAL AUTO | HIMANSHU R NISSAR | S | 211156 | 84.22 |
| 14/1/2008 | 532933 | PORWAL AUTO | RAHN AND BODMER | S | 150960 | 89.96 |
| 14/1/2008 | 532933 | PORWAL AUTO | PRIME INDIA INVESTMENT FUND LTD | S | 150960 | 94.08 |
| 14/1/2008 | 532933 | PORWAL AUTO | KEYNOTE COMMODITIES LTD | S | 463504 | 90.02 |
| 14/1/2008 | 532933 | PORWAL AUTO | CONCEPT COMMUNICATIONS LTD | S | 397312 | 90.00 |
| 14/1/2008 | 532933 | PORWAL AUTO | KEYNOTE CAPITALS LTD. | S | 132384 | 90.12 |
| 14/1/2008 | 532933 | PORWAL AUTO | AMU SHARES AND SEC LTD | S | 159784 | 86.20 |
| 14/1/2008 | 531646 | RFL INTERNAT | R MALHOTRA AND ASSOCIATES | B | 100000 | 2.71 |
| 14/1/2008 | 531646 | RFL INTERNAT | ASHVIN PATANGIYA | B | 90000 | 2.80 |
| 14/1/2008 | 531646 | RFL INTERNAT | FIRDOUS MUNIRUDDIN DADAN | B | 95000 | 2.58 |
| 14/1/2008 | 531646 | RFL INTERNAT | NILESH VED | B | 30000 | 2.76 |
| 14/1/2008 | 531646 | RFL INTERNAT | ARUNKUMAR CHAMPALAL HUF | B | 50000 | 2.79 |
| 14/1/2008 | 531646 | RFL INTERNAT | VIJAY KUMAR DALMIA | B | 50000 | 2.72 |
| 14/1/2008 | 531646 | RFL INTERNAT | PAWAN KUMAR HIRALAL PODDAR | S | 41389 | 2.75 |
| 14/1/2008 | 531646 | RFL INTERNAT | SUNIL CHAUDHARY | S | 30000 | 2.79 |
| 14/1/2008 | 531646 | RFL INTERNAT | HEMANT KUMAR GUPTA | S | 325000 | 2.78 |
| 14/1/2008 | 531646 | RFL INTERNAT | ARUNKUMAR CHAMPALAL SURANA | S | 30000 | 2.78 |
| 14/1/2008 | 532031 | SARANG CHEMI | NILESH RASIKLAL PANDYA | B | 30000 | 6.74 |
| 14/1/2008 | 514264 | SEASONS TEXT | AJD LEASING AND FIN LTD | B | 48738 | 19.97 |
| 14/1/2008 | 512499 | SHALIMAR PRO | ENCA FINLEASE LTD. | B | 253853 | 2.88 |
| 14/1/2008 | 526049 | SHRILAKSHMI | APEX SECURITIES | S | 117235 | 163.01 |
| 14/1/2008 | 526049 | SHRILAKSHMI | SONATA INVESTMENTS LIMITED | S | 100000 | 168.95 |
| 14/1/2008 | 526049 | SHRILAKSHMI | RELIANCE CAPITAL LIMITED | S | 91318 | 166.12 |
| 14/1/2008 | 530155 | TONIRA PHARM | IPCA LABORATORIES LIMITED | B | 56271 | 28.50 |
| 14/1/2008 | 531703 | TRIBHVAN HSG | KASTURI TOWERS LIMITED | S | 84583 | 36.96 |
| 14/1/2008 | 511246 | WHITE LION A | LOGIC INFOTECH LIMITED | S | 20215 | 23.45 |
| 11/1/2008 | 511706 | ACTION FIN | CHIMANLAL MANEKLAL SEC.PVT.LTD | S | 50566 | 48.12 |
| 11/1/2008 | 532935 | ARIES AGRO | MATRIX EQUITRADE PVT LTD | B | 2364317 | 224.50 |
| 11/1/2008 | 532935 | ARIES AGRO | SANJEEV SINGHAL | B | 179737 | 220.87 |
| 11/1/2008 | 532935 | ARIES AGRO | SANJAY GUPTA HUF | B | 293900 | 293900.00 |
| 11/1/2008 | 532935 | ARIES AGRO | RAJIV GUPTA | B | 216349 | 233.06 |
| 11/1/2008 | 532935 | ARIES AGRO | OPG SECURITIES PVT LTD | B | 1010409 | 225.72 |
| 11/1/2008 | 532935 | ARIES AGRO | MAHANAND PRASAD | B | 328943 | 222.66 |
| 11/1/2008 | 532935 | ARIES AGRO | SETU SECURITIES PVT LTD | B | 136695 | 225.23 |
| 11/1/2008 | 532935 | ARIES AGRO | A A DOSHI SHARES AND BROK | B | 68998 | 218.50 |
| 11/1/2008 | 532935 | ARIES AGRO | MATRIX EQUITRADE PVT LTD | S | 2364317 | 225.27 |
| 11/1/2008 | 532935 | ARIES AGRO | SANJEEV SINGHAL | S | 179737 | 221.43 |
| 11/1/2008 | 532935 | ARIES AGRO | SANJAY GUPTA HUF | S | 293900 | 231.37 |
| 11/1/2008 | 532935 | ARIES AGRO | RAJIV GUPTA | S | 216349 | 234.02 |
| 11/1/2008 | 532935 | ARIES AGRO | OPG SECURITIES PVT LTD | S | 1010409 | 226.07 |
| 11/1/2008 | 532935 | ARIES AGRO | MAHANAND PRASAD | S | 328943 | 222.61 |
| 11/1/2008 | 532935 | ARIES AGRO | SETU SECURITIES PVT LTD | S | 136694 | 218.61 |
| 11/1/2008 | 532935 | ARIES AGRO | WINSTAR INDIA INV CO LTD | S | 75000 | 168.33 |
| 11/1/2008 | 532935 | ARIES AGRO | A A DOSHI SHARES AND BROK | S | 68998 | 211.46 |
| 11/1/2008 | 505506 | AXON INFOTEC | VIDHATA SECURITIES PVT LTD | B | 18300 | 69.83 |
| 11/1/2008 | 505506 | AXON INFOTEC | KUSHAGRA SOFTWARE LTD | B | 54000 | 69.99 |
| 11/1/2008 | 505506 | AXON INFOTEC | ABSOLUTE LEASING AND FINVEST PVT | B | 20626 | 69.99 |
| 11/1/2008 | 530457 | CINERAD COMM | PRANIDHI HOLDUNGS PVT LTD | S | 200000 | 17.30 |
| 11/1/2008 | 517973 | DMC INTER | SFS INFINITE LTD | S | 20000 | 34.00 |
| 11/1/2008 | 517973 | DMC INTER | IFL PROMOTERS LTD. | S | 20000 | 34.28 |
| 11/1/2008 | 532022 | FILAT FASH | CHIRANJILAL.JAYRAM.VYAS | S | 100000 | 27.70 |
| 11/1/2008 | 524624 | GAGAN GASE L | MADHU PARWAL | B | 35000 | 11.00 |
| 11/1/2008 | 531784 | KADAMB CONST | ANITA VYAPAAR PRIVATE LIMITED | B | 20000 | 56.99 |
| 11/1/2008 | 505523 | MAH IND LEAS | GLOBAL FILM AND BORD CASTING LTD | B | 25000 | 55.00 |
| 11/1/2008 | 501209 | MAST MEDI SY | MAVI INVESTMENT FUND LTD | B | 50780 | 69.95 |
| 11/1/2008 | 526169 | MULTIBASE 1 | VISHAL SHAH | B | 105868 | 49.81 |
| 11/1/2008 | 532934 | PRECISION | MATRIX EQUITRADE PVT LTD | B | 205264 | 143.34 |
| 11/1/2008 | 532934 | PRECISION | OPG SECURITIES PVT LTD | B | 226202 | 143.96 |
| 11/1/2008 | 532934 | PRECISION | MAHANAND PRASAD | B | 101384 | 141.98 |
| 11/1/2008 | 532934 | PRECISION | MATRIX EQUITRADE PVT LTD | S | 205264 | 143.28 |
| 11/1/2008 | 532934 | PRECISION | OPG SECURITIES PVT LTD | S | 226202 | 143.45 |
| 11/1/2008 | 532934 | PRECISION | MAHANAND PRASAD | S | 101384 | 141.49 |
| 11/1/2008 | 531646 | RFL INTERNAT | NITIN GUPTA HUF | B | 30000 | 2.66 |
| 11/1/2008 | 531646 | RFL INTERNAT | CHINTAN GUPTA HUF | B | 30000 | 2.66 |
| 11/1/2008 | 531646 | RFL INTERNAT | JAGJIT SINGH CHAUDHARY | S | 55000 | 2.66 |
| 11/1/2008 | 532887 | SUJANATOWER | DMA INVESTMENT PVT LTD | B | 370683 | 207.58 |
| 11/1/2008 | 531418 | SYSTEL INFOT | RASHEL AGROTECH LTD. | S | 314400 | 1.00 |
| 11/1/2008 | 531703 | TRIBHVAN HSG | SIGRUN REALITIES LTD | B | 85000 | 35.48 |
| 10/1/2008 | 505506 | AXON INFOTEC | VIRENDER KUMAR MITTAL HUF | B | 6803 | 75.90 |
| 10/1/2008 | 505506 | AXON INFOTEC | KASHIRAM KADAM | B | 34000 | 75.21 |
| 10/1/2008 | 505506 | AXON INFOTEC | VIRENDER KUMAR MITTAL HUF | S | 6803 | 76.32 |
| 10/1/2008 | 505506 | AXON INFOTEC | KASHIRAM KADAM | S | 10920 | 75.28 |
| 10/1/2008 | 531137 | GEMSTONE INV | VIPUL HIRALAL SHAH | B | 200000 | 30.59 |
| 10/1/2008 | 531137 | GEMSTONE INV | MALA HEMANT SHETH | B | 51000 | 29.83 |
| 10/1/2008 | 531137 | GEMSTONE INV | KISHORE BALUBHAI CHAUHAN | B | 50000 | 29.63 |
| 10/1/2008 | 531137 | GEMSTONE INV | HEMANT MADHUSUDAN SHETH | S | 125500 | 30.46 |
| 10/1/2008 | 532067 | KILPEST INDI | HEMANT MADHUSUDAN SHETH | S | 40000 | 97.11 |
| 10/1/2008 | 531646 | RFL INTERNAT | LALITA Y MEHTA | S | 59133 | 2.49 |
| 9/1/2008 | 531223 | ANJANI SYNTH | TEJAS JAYANTILAL SHAH | B | 27861 | 135.78 |
| 9/1/2008 | 531223 | ANJANI SYNTH | TEJAS JAYANTILAL SHAH | S | 31420 | 132.76 |
| 9/1/2008 | 506874 | ASKME IN HU | V PRASAD BABU | B | 70000 | 2.42 |
| 9/1/2008 | 531682 | CAT TECHNOL | SHYAM ALCOHOL AND CHEMICALS LTD | B | 225000 | 15.36 |
| 9/1/2008 | 531270 | DAZZEL CONFI | PARESH POPATBHAI BALLAR | B | 42500 | 7.71 |
| 9/1/2008 | 531863 | GEEKAY FINAN | C R RAJESH NAIR | B | 25000 | 56.80 |
| 9/1/2008 | 531137 | GEMSTONE INV | PREM MOHANLAL PARIKH | B | 27500 | 29.16 |
| 9/1/2008 | 531137 | GEMSTONE INV | KISHOR BALUBHAI CHAUHAN | B | 26500 | 28.69 |
| 9/1/2008 | 531137 | GEMSTONE INV | BHAVESH PRAKASH PABARI | B | 19500 | 29.01 |
| 9/1/2008 | 531137 | GEMSTONE INV | PREM MOHANLAL PARIKH | S | 15000 | 28.90 |
| 9/1/2008 | 531137 | GEMSTONE INV | KISHOR BALUBHAI CHAUHAN | S | 15000 | 28.90 |
| 9/1/2008 | 531137 | GEMSTONE INV | BHAVESH PRAKASH PABARI | S | 20000 | 29.02 |
| 9/1/2008 | 531137 | GEMSTONE INV | ANKIT RAJENDRA SANCHANIYA | S | 15000 | 28.90 |
| 9/1/2008 | 532067 | KILPEST INDI | HEMANT MADHUSUDAN SHETH | B | 76650 | 102.31 |
Reliance Power - 1 day to go!
Applying for Reliance Power IPO ?
Yes ! Anil bhai's dream! 834 (66.08%)
No! Scam !! 428 (33.92%)
Votes so far: 1262
The "No Scam!!" vote has slowly and steadily increased. While the last "BIG" issue DLF had so many against votes, Reliance Power is still a clear winner garnering 2/3 of the votes
Sensex sheds 99 points
The market ended the volatile session in the red as index heavyweights ICICI Bank and Infosys Technologies drifted lower. Reliance Industries moved higher. NTPC soared. Bharti Airtel, Maruti Suzuki and Wipro slumped. Oil & gas shares were in demand. IT and consumer durables stocks slipped. The market breadth was positive. 19 out of 30 stocks from the Sensex pack were in red.
Asian markets, which opened before Indian markets, were mixed. European markets, which were mixed in early trades, were in green.
The market regulator Securities and Exchange Board of India (Sebi) on Friday, 11 January 2008, gave its go-ahead for the launch of long duration options on the popular Sensex and Nifty indices with tenures up to three years. At present maximum duration for any futures & options contract is three months.
The 30-share BSE Sensex lost 99.40 points or 0.48% to 20728.05. Sensex hit a low of 20,661.90 in the mid-afternoon trade. At day’s low, Sensex shed 165.55 points. Sensex hit a high of 20,985.62 at the onset of the trading session. At the day's high, Sensex rose 158.17 points.
The broader CNX S&P Nifty rose 6.70 points or 0.11% at 6206.80.
The BSE Mid-Cap index was up 1.04% to 9,537.05. The BSE Small-Cap index was up 1.38% to 12,869.30. Both these indices outperformed the Sensex.
The market breadth was positive. On BSE, 1553 shares advanced as compared to 1301 that declined. 24 remained unchanged.
The BSE clocked a turnover of Rs 7033 crore as compared to Rs 8,018.66 on Friday, 11 January 2008.
Nifty January 2008 futures were at 6225.45, at a premium of 18.65 points as compared to spot closing of 6206.80.
The NSE's futures & options (F&O) segment turnover was Rs 53245.37 crore, which was lower than Rs 68449.32 crore on Friday, 11 January 2008.
NTPC jumped 4.65% to Rs 284.95, Bharat Heavy Electricals gained 1.59% to Rs 2473.95, and HDFC Bank rose 1.45% to Rs 1787.90.
India’s second largest telecom service provider by sales Reliance Communications rose 1.47% to Rs 805.15 on reports it has received additional spectrum to start GSM services in 14 circles.
India’s largest commercial bank State bank of India (SBI) rose 1.03% to Rs 2462.25 after its board approved a proposal to raise Rs 16736 crore through a rights share issue. SBI will issue one share for every five shares held. The issue will be priced at Rs 1,590 each.
India’s largest listed cellular service provider by market share Bharti Airtel slumped 6.05% to Rs 907.30 after rival company Reliance Communications was allocated Global System for Mobile (GSM) communications spectrum in 14 circles in India.
Maruti Suzuki slipped 4.87% to Rs 854.95, Housing Development Finance Corporation declined 2.73% to Rs 2977.25, Mahindra & Mahindra shed 2.47% to Rs 755.65, and ACC fell 2.46% to Rs 875.90.
India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 2.82% to Rs 3216.30 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.
Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.
The BSE Oil & Gas index rose 2.13% to 14,126.83. It outperformed the Sensex. BPCL soared 7.42% to Rs 467.10, Reliance Natural Resources jumped 7.14% to Rs 222, HPCL spurted 4.75% to Rs 349.75, Reliance Petroleum rose 2.50% to Rs 225.25 and Essar Oil moved up 1.09% to Rs 305.05.
IT stocks fell on US recession fears. The BSE IT index fell 2.85% to 3,987.06. It underperformed the Sensex.
India's second largest software exporter by sales Infosys Technologies fell 3.16% to Rs 1530.20. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.
Wipro slipped 5.05% to Rs 461.05, TCS skid 2.86% to Rs 960.80, and Satyam Computers fell 2.76% to Rs 399.40. Indian IT firms derive more than half of their revenues from the US market.
The BSE Consumer Durables index fell 1.46% to 6,119.67. It underperformed the Sensex. Videocon Industries fell 5% to Rs 600.90, Gitanjali Gems declined 1.19% to Rs 409.90, and Titan Industries fell 0.48% to Rs 1560.70.
The BSE Bankex rose 0.64% to 12,558.80. It outperformed the Sensex. India’s largest private sector bank by assets ICICI Bank fell 2.18% to Rs 1408. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.
Axis Bank soared 8.37% to Rs 1265.20, Karnataka Bank spurted 5.79% to Rs 268.45, Bank of Baroda climbed 5.35% to Rs 467.90, Indian Overseas Bank flared up 4.32% to Rs 194.25 and Centurion Bank of Punjab rose 3.98% to Rs 70.50.
Fertiliser stocks galloped on reports that the Department of Fertilisers is planning to approach the Cabinet next month to seek its approval for setting up a regulator for the sector to determine the pricing of fertilisers. Godavari Fertilisers and Chemicals jumped 9.54% to Rs 179.75, Coromandel Fertilisers moved up 5.56% to Rs 126.25, Rashtriya Chemicals and Fertilisers soared 5% to Rs 121.60, and Chambal Fertilisers and Chemicals rose 3.09% to Rs 80.15.
MIC Electronics, which makes the light-emitting diode (LED) video display system, rose 4.25% to Rs 919 after the company today, 14 January 2008, said its board has approved buying a stake of up to 51% in a power electronics firm and up to 74% in an entertainment firm.
Civil engineering and construction firm Hindustan Construction Company rose 2.72% to Rs 235.85 on reports the company has emerged as the lowest bidder to construct the first strategic crude reserve in India. The company is likely to be awarded the contract this week, the reports added.
Energy Development Company spurted 5.71% to Rs 293.55 after the power producer said it has signed agreements to develop five hydropower projects in the north-eastern state of Arunachal Pradesh.
Porwal Auto Components settled at Rs 79.65 on BSE, a premium of 6.2% over the IPO price of Rs 75. The stock debuted at Rs 79.85, a premium of 6.45% over the IPO price.
Reliance Natural Resources clocked the highest turnover of Rs 488.28 crore on BSE. Jaiprakash Associates (Rs 322.53 crore), Reliance Communications (Rs 196.69 crore), Reliance Petroleum (Rs 189.72 crore) and Relaince Industries (Rs 176.68 crore), were the other turnover toppers on BSE in that order.
Reliance Natural Resources registered highest volumes of 2.22 crore shares on BSE. Porwal Auto Components (1.99 crore shares), Ispat Industries (1.43 crore shares), Centurion Bank of Punjab (1.02 crore shares) and Relaince Petroleum (84.67 lakh shares), were the other volume toppers on BSE in that order.
In Europe, France’s CAC 40 was up 0.16%, UK’s FTSE 100 was up 0.10% and Germany’s DAX was up 0.22%.
Asian markets were trading mixed today, 14 January 2008. Hong Kong's Hang Seng was down 1.48%, South Korea's Seoul Composite was down 0.92% and Japan’s Nikkei 225 was down 1.93%. However, Taiwan's Taiwan Weighted was up 1.79% and China’s Shanghai Composite was up 0.24%.
US stocks declined sharply on Friday, 11 January 2008 on a warning by American Express of mounting credit-card defaults and a slowdown in consumer spending. Dow Jones Industrial Average slumped 246.79 points, or 1.92%, at 12,606.30, Standard & Poor's 500 Index fell 19.31 points, or 1.36%, to 1,401.02 and Nasdaq Composite Index dropped 48.58 points, or 1.95%, at 2,439.94.
Market Close: Profit booking continues but RIL up..
After a modest start indices lost the gains on ground on some selling pressure. Profit booking was seen in Large caps while midcaps and small caps saw some value buying. IT and Auto took the hit while among the gainers were Banks, oil and gas, realty, metals and power stocks. Markets remained ranged bound between 200 points for most part of the day. Though the global cues were negative Indian markets seems to be isolating slowly from the US markets. RIL was major gainer as investors are expecting it to come out with Reliance Fresh IPO. Results season is on cards and expectations are high. Asian markets ended in red. European Indices are trading mix.
Sensex was down by 99 points at 20728.05.Weighing on the Sensex were losses in Bharti Tele (907.3,-6 percent), Wipro (461.4,-5 percent), Maruti (854.95,-5 percent), Infosys (1530.2,-3 percent) and TCS (960.8,-3 percent). Losses were restricted by gains in Hero Honda (704.15,+7 percent), NTPC (284.95,+5 percent), RIL (3216.3,+3 percent), BHEL (2473.95,+2 percent) and RCVL (805.15,+1 percent).
Sayaji Hotels is mainly in the hotel and restaurant business. The hotels of the company are located in Indore and Baroda. The restaurant business of the company is managed by a 100% subsidiary 'Sanchi Hotels Pvt Ltd' which was formed in October 2006. The restaurants of the company are operational under the brand name of 'Barbeque-Nation' and come in the category of high end restaurants. Restaurant business seems to be the next revenue driver for the company. Sayaji is now in the transition phase. Sayaji can be considered as an investment option with 2-3 year time frame the back of favorable macro scenario. Do read our note on the company to know why. Sayaji closed higher by 6% for the day.
Balkrishna Industries is into manufacturing of Agri and OTR tyres. 80% of the tyre revenues are from exports. Majority of the exports are to Eastern Europe with 60% to the Agriculture sector. The company's performance was good especially in the headwinds of higher raw material prices. It is in the process of expansion and that is because the demand supply remains in favour of the company. There are not much global capacities coming on and the demand scenario is quite robust. The company is extremely confident of having price hikes and maintaining its margins. The stock has performed since our coverage. Do read our research note to know more.
Technically Speaking: Sensex traded volatile in both territories to finally end in red. It made intraday high of 20,959 and days low of 20,662. Volume was a bit dull at Rs 7033crs. The breath was in favor of Advances, where Advances stood at 1551 and Declines at 1304. Sensex resistance stands at 21,000 and support lies at 20500 - 20200 on daily charts.
Post Market Commentary - Jan 14 2008
The Indian market closed mixed as the Nifty closed up with marginal gains while BSE Sensex closed on a negative note. The market opened on a firm note on the back of heavy buying across the counters but was unable to sustain its gains. A lot of volatility was seen in today''s trading session as the investor''s took calculated steps in booking their positions. However, the Small Caps and Mid Caps stocks that faced the downturn for the last so many trading session remained in the limelight today as most buying was seen from these baskets. The BSE Small cap and Mid Caps closed with hand some gain of 168.37 points and 98.42 points at 12,862.39 and 9,536.90 respectively. The BSE Sensex closed lower by 99.40 points at 20,728.05 and NSE Nifty grew by 6.7 points to close at 6,206.80.
BSE Metal index closed higher by 105.40 points at 18,856. Scrips that grew are Jindal Steel (7.20%), Gujarat NRE (6.82%), Jindal Stainless (4.05%), JSW Steel (2.56%).
BSE Realty index closed up by 164.27 points at 13,647.15. Scrips that jumped are Anant Raj (12.15%), Mahindra Life (4.11%), HDIL (2.81%), Parsvnath (1.54%) and Unitech (1.05%).
BSE Bankex index increased by 79.84 points to close at 12,558.80 as Axis bank (8.37%), BOB (5.35%), IOB (4.32%), Andhra Bank (3.69%), BOI (3.22%), HDFC Bank (1.45%) closed higher.
BSE Oil & Gas index grew by 294.33 points to close at 14,126.83. Scrips that advanced are BPCL (7.42%), RNRL (7.14%), HPCL (4.75%), Reliance Inds (2.82%), RPL (2.50%) and Essar Oil (1.09%).
BSE Capital Goods index inched up by 35.47 points to close at 19,521.35. Scrips that grew are Jyoti Structures (3.69%), AIA Eng (2.27%), Alstom Projects (1.47%) and BHEL (1.59%).
BSE Health Care increased by 13.60 points to close at 4,196.54 as Glenmark (5.75%), Fortis Health (4.42%), Lupin (4.13%)
BSE IT index slipped by 116.82 points to close at 3,987.06. Scrips that fell are Karut Net (4.99%), Wipro (5.05%), Infosys (3.16%), TCS (2.86%), Satyam (2.76%)
Sensex drops amid choppy trades
Today domestic indices remained choppy on the back of profit bookings in index pivotal stocks. The Sensex moved 91 points up, above its previous close to open at 20,918 and advanced further to touch an intra-day high of 20,986 in the early trades. After displaying firm trend for a while the Sensex drifted into the red by mid-morning session. It tumbled sharply in the noon trades to touch the day's low of 20,662, down 324 points from its day's high. However, buying in oil, power and realty stocks helped the market to cease the fall. The Sensex witnessed hectic activity in the last hour of the trading, before selective buying saw the Nifty end in the green with a gain of seven points at 6,207. However, the Sensex dropped 99 points to close at 20,728.
The market breadth was positive, with the gainers outpacing the losers. Of the 2,881 stocks that traded on the BSE, 1,576 stocks advanced, 1,283 stocks declined and 22 stocks ended unchanged. Most of the sectoral indices ended in the green. The BSE Oil & Gas index gained 2.13% at 14,127 followed by the BSE Power index (up 1.37% at 4,921) and the BSE PSU index (up 1.25% at 10,529). However, the BSE IT index dropped 2.85% at 3,987, the BSE Teck index (Down 2.17% at 3,721) and the BSE CD index (Down 1.46% at 6,120).
Among the Sensex stocks, NTPC was the leading gainer and its stock price soared 4.65% at Rs285. Among the other stocks, Reliance Industries advanced 2.82% at Rs3,216, BHEL jumped 1.59% at Rs2,474, while Reliance Communication, HDFC Bank, SBI and Ranbaxy closed with the gains 1% each. Among the laggards, Bharti Airtel slipped 6.05% at Rs907, Wipro shed 5.05% at Rs461, Maruti declined by 4.87% at Rs855, Infosys fell by 3.16% at Rs1,530 and TCS lost 2.86% at Rs961.
Over 2.22 crore RNRL shares changed hands on the BSE followed by Porwal Auto (1.99 crore shares), Ispat Industries (1.43 crore shares), Centurion Bank of Punjab (1.02 crore shares) and Reliance Petroleum (84.67 lakh shares).
RNRL registered a turnover of Rs488 crore on the BSE followed by JP Associates (Rs322 crore), RCom (Rs196 crore), Reliance Petroleum (Rs189 crore) and Reliance Industries (Rs176 crore).
Market ends lower
The market ended the volatile session in the red as index heavyweights ICICI Bank and Infosys Technologies drifted lower. Reliance Industries moved higher. NTPC soared. Bharti Airtel, Maruti Suzuki and Wipro slumped. Oil & gas shares were in demand. IT and consumer durables stocks slipped. The market breadth was positive. 19 out of 30 stocks from the Sensex pack were in red.
Asian markets, which opened before Indian markets, were mixed. European markets, which were mixed in early trades, were in green.
The market regulator Securities and Exchange Board of India (Sebi) on Friday, 11 January 2008, gave its go-ahead for the launch of long duration options on the popular Sensex and Nifty indices with tenures up to three years. At present maximum duration for any futures & options contract is three months.
The 30-share BSE Sensex provisionally ended down 126.07 points or 0.61% to 20701.38. Sensex hit a low of 20,661.90 in the mid-afternoon trade. At day’s low, Sensex shed 165.55 points. Sensex hit a high of 20,985.62 at the onset of the trading session. At the day's high, Sensex rose 158.17 points.
The broader CNX S&P Nifty provisionally ended up 13.65 points or 0.22% at 6213.75.
The BSE Mid-Cap index was up 1.04% to 9,537.05. The BSE Small-Cap index was up 1.38% to 12,869.30.
The market breadth was positive. On BSE, 1553 shares advanced as compared to 1301 that declined. 24 remained unchanged.
The BSE clocked a turnover of Rs 7033 crore as compared to Rs 8,018.66 on Friday, 11 January 2008.
India's largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rose 3.03% to Rs 3223 on reports the company is venturing into synthetic fuels through a $6-8 billion project that will turn coal into oil. Globally, this is called coal-to-liquid, or CTL, technology. RIL aims to produce about 80,000 barrels of oil per day through the process. The Rs 30,000 crore project will consume about 30 million tonnes of coal annually, reports suggest.
Another reason for the upmove in the stock was expectations of strong Q3 December 2007 results. RIL unveils Q3 results on Thursday, 17 December 2007.
India’s largest private sector bank by assets ICICI Bank fell 3.47% to Rs 1390. The stock had surged last week on reports it plans to list four for its subsidiaries starting with its securities arm, ICICI Securities.
India's second largest software exporter by sales Infosys Technologies fell 3.15% to Rs 1530. Infosys Technologies on Friday, 11 January 2008, reported 11.9% growth in consolidated net profit as per Indian GAAP to Rs 1231 crore on 4% rise in sales to Rs 4271 crore in Q3 December 2007 over Q2 September 2007.
NTPC soared 5.33% to Rs 286.80, Bharat Heavy Electricals moved up 1.64% to Rs 2475, HDFC Bank gained 1.46% to Rs 1788, State bank of India rose 1.14% to Rs 2464.95 and Ranbaxy Laboratories gained 0.92% to Rs 399.
Bharti Airtel slumped 6.54% to Rs 905.50, Wipro slipped 5.36% to Rs 459.90, Maruti Suzuki skid 3.19% to Rs 870, Housing Finance Development Corporation (HDFC) fell 2.95% to Rs 2970.50 and TCS gave away 2.73% to Rs 962.05.
In Europe, France’s CAC 40 was up 0.16%, UK’s FTSE 100 was up 0.10% and Germany’s DAX was up 0.22%.
Asian markets were trading mixed today, 14 January 2008. Hong Kong's Hang Seng was down 1.48%, South Korea's Seoul Composite was down 0.92% and Japan’s Nikkei 225 was down 1.93%. However, Taiwan's Taiwan Weighted was up 1.79% and China’s Shanghai Composite was up 0.24%.
US stocks declined sharply on Friday, 11 January 2008 on a warning by American Express of mounting credit-card defaults and a slowdown in consumer spending. Dow Jones Industrial Average slumped 246.79 points, or 1.92%, at 12,606.30, Standard & Poor's 500 Index fell 19.31 points, or 1.36%, to 1,401.02 and Nasdaq Composite Index dropped 48.58 points, or 1.95%, at 2,439.94.
Nifty January 2008 futures at premium
Turnover in F&O segment declines
Nifty January 2008 futures were at 6225.45, at premium of 18.65 points as compared to spot closing of 6206.80.
The NSE's futures & options (F&O) segment turnover declined to Rs 53,245.37 crore as compared to Rs 68,449.32 crore on Friday, 11 January 2008.
Reliance Natural Resources January 2008 futures were at premium, at 223.20, compared to the spot closing of 222.20. It was the most active contract on NSE's F&O segment with turnover of Rs 3148.78 crore
Reliance Industries January 2008 futures were at premium, at 3239, compared to the spot closing of 3233.
State Bank of India January 2008 futures were at premium, at 2461, compared to the spot closing of 2454.
In the cash market, the S&P CNX Nifty gained 6.70 points or 0.11% at 6206.80
J Kumar Infraprojects IPO Analysis
J Kumar Infraprojects (JKIL), promoted by Jagdishkumar M Gupta and his family, is a small civil engineering company focussed on construction of roads, flyovers, civil construction of buildings, irrigation projects and piling works. Operations are largely confined in Maharashtra and to a large extent in Mumbai. The company is a registered contractor with various government agencies.
JKIL had executed transportation contracts totaling Rs 83.95 crore and civil construction work amounting to Rs 13.78 crore end March 2007. The biggest project executed was the construction of a flyover covering Kalyan Naka junction to ST Depot junction in Thane District amounting to Rs 21 crore. The company has executed some irrigation projects in the Vidarbha region. Designing and construction of four flyovers at Dr Babasaheb Ambedkar Marg in Mumbai with project cost of Rs 111.90 crore is the biggest project in its unexecuted order backlog. This project was bagged by the 50:50 joint venture with Nagarjuna Construction Company (NCC).
About 69% (37% from road, and 32% from flyovers) of the revenues were from transportation projects in the six months ended September 2007. The share of the relatively better margin civil construction was 18% and of high margin piling business about 7%.
The current IPO is to fund the purchase of capital equipments, meeting working capital requirement and to achieve the benefits of stock-exchange listing. Purchase of Rs 50.84-crore capital equipment will be completely funded from the proceeds of the issue. About Rs 18 crore of the issue proceeds will be used to meet working capital requirement.
Strengths
Order book was Rs 461.15 crore end November 2007. Orders included new contracts and unfinished contracts. The current order book translates into four times the financial year ending March 2007 (FY 2007) revenue, providing strong revenue visibility.
Piling contracts is a high-margin business. Efforts to add another four piling rigs to the current fleet of 11 piling rigs using IPO proceeds are part of the scaling up operations. Contribution of piling operations to total revenue was about 7% in the half year ended September 2007 and FY 20’07 compared with just 4% in FY 2006 and nil in FY 2005. Moreover, the piling operation is also devoid of geographical-concentration risk. If the piling contracts business, a niche segment, can be scaled up, margin can improve.
Weaknesses
As the nature of contracts handled are not very complex, there is strong competition with lots of operators. This and the small size of operations is a concern. The ability to move up to higher ticket and complex jobs has to be seen.
Most of the construction operations are centered in Mumbai or Maharashtra. The geographical concentration raises concern on order flow, linked to policy, political and financial environment in the state.
The share of low-margin transportation projects in the current order book is over 78%.
Valuation
JKIL’s sales were up 391% to Rs 112.66 crore and net profit was higher by 642% to Rs 8.01 crore in FY 2007. On post-issue equity capital of Rs 20.72 crore, EPS for FY 2007 works out to Rs 3.9. At a offer price of Rs 110 to Rs 120, P/E is 28.2 to 30.8 times. In comparison, industry peers Roman Tarmat, PBA Infrastructure and Supreme Infrastructure are available at a PE of around 20 times FY 2007 earning.
Market to remain volatile - Jan 14 2008
Recent sell-off in US and European indices coupled with subdued Asian markets in morning trades may weigh on the local indices in early trades and thereafter could exhibit volatility during intra-day trades. However, a smart recovery in Friday's trades and the prevailing bullish trend may add to the market advantage and help the sentiment turn positive. Among the domestic indices, the Nifty could test 5,980 and below this level may slip to 5,675, while on the upside it could edge higher to 6,400. The Sensex has a likely support at 19,500 and may face resistance at 21,000. Among the major results, CMC, Exide Industries, Geometric and many more are expected to announce their quarterly numbers.
US indices tanked on Friday on revival of fearers of recession after American Express's profit warning and Merrill Lynch's potential $15 billion writedown. The Dow Jones fell 247 points to close at 12,606 and the Nasdaq ended 49 points lower at 2,440.
Most of the Indian ADR's fell on the US bourses. Infosys was the biggest loser and dropped over 6.30% followed by Satyam, Wirpo and VSNL declined over 5% each, while ICICI Bank, MTNL, Patni Computer, Tata Motors and HDFC Bank were down around 0.5%-1% each. However, Rediff soared over 2%.
Crude oil prices in the US market edged lower, with the Nymex light crude oil for February delivery was down by $1.20 to close at $92.69 per barrel. In the commodity segment, the Comex gold for February series surged by $4.10 to settle at $897.70 an ounce.