Daily Stock Tips n Tricks

Tata Motors posts Q3 net profit of Rs. 650 crore

2010-03-01T23:45:00.000-08:00

Tata Motors reported consolidated net profit of Rs. 650.26 crore for Q3 ended December 31, 2009, against a loss of Rs. 2,599 crore in the same period in the previous year.
However, it reported gross revenues of Rs. 26,774 crore (Rs. 18,246.60 crore), a growth of 47%.
Considerably, the Jaguar Land Rover (JLR) business turned profitable during the quarter.
It posted a net profit of Rs. 417 crore or 55 million pound sterling, supported by better market environment and sustained cost reduction efforts.
The wholesale volumes over the previous quarter of July-September 2009 increased 28% with volume improvement in North America, Europe and China.

Highlights of Union Budget

2010-03-01T23:16:00.000-08:00

The following are some of the key highlights on Union Budget 2010-2011.
(1) The Finance Minister Shri PranabMukherjee lays emphasis on consolidated growth, improving investmentenvironment, inclusive development and strengthening transparency andpublic accountability in budget 2010-11.
(2)The total expenditure proposed in the budget estimates is rs.11,08,749 crore , an increase of 8.6% over last year.
(3)The plan and non-plan expenditureestimated at rs.3,73,092 crore and rs.7,35,657 crore respectively, anincrease of 15 percent in plan expenditure and 6% in non-planexpenditure over the be of previous year.
(4)Fiscal deficit at 5.5% of gdp works out to be rs. 3,81,408 crore.
(5)Rolling targets for fiscal deficit pegged at 4.8% and 4.1% for 2011-12 and 2012-13.
(6)Net market borrowing would be of the order of rs. 3,45,010 crore leaving enough space to meet credit needs of private sector.
(7)Against a fiscal deficit of 7.8% in2008-09 , inclusive of oil and fertilizer bonds, the comparable fiscaldeficit is 6.9% as per re 2009-10.
(8)Gross tax receipts estimated at rs.7,46,651 crore and non-tax receipt estimated at rs. 1,48,118 crore.
(9)Status paper giving road map for curtailing the overall public debt to be brought out within 6 months.
(10) About rs. 25,000 crores to be raised through disinvestmet programme
(11) To simplify the fdi regime, for the first time both ownership & control recognised as central to the fdi policy.
(12) Rs. 16,500 crore to be provided to public sector banks to achieve a minimum 8% tier-i
(13) Growth of 127% recorded in exports from sezs till december, 2009.
(14) A four-pronged strategy to spur thegrowth in agriculture sector envisaged. which includes agriculturalproduction, reduction in wastage of produce , credit support tofarmers and thrust to the food processing sector.
(15) Agriculture credit flow target raised to rs. 3,75,000 crore from rs.3,25,000 crore
(16) Subvention for timely repayment of crop loan increased from 1% to 2%.
(17) Infrastructure development gets anallocation of rs. 1,73,552 crore, 46 % of total plan allocation , anincrease of 13% in road transport sector.
(18) India infrastructure finance company limited’s disbursements to reach rs. 20,000 crore by march 2011.
(19) Allocation for power sector increased by more than doubled to rs. 5,130 crore.
(20) Rs. 48,000 crore allocated for bharat nirman programme
(21) Backward region grant fund allocation enhanced to rs. 7,300 crore.
(22) Rajiv awas yojna for slum dwellers and urban poor to get rs. 1,270 crore , an increase of over 700%
(23) National social security fund for unorganised sector workers to be set up with an initial amount of rs. 1,000 crore.
(24) 80% increase in the allocation for ministry of social justice & empowerment at rs 4,500 crore. (25) Minority affairs to get rs.2,600 crore, an increase of 50%. (26) To rewrite and clean up the financial sector laws, financial sector legislative reforms commission to be set up.
(27) Unique identification authority ofindia to get an allocation of rs. 1,900 crore. a technology advisorygroup for unique proect to be set up.
(28) Allocation for defence increased to rs.1,47,344 crore
(29) National mission for delivery of justice and legal regorms to be set up to provide timely justice to all.
(30) Income Tax slabs broadened - 10% onincome above rs 1.6 lakh to 5.00 lakh, 20% on income above 5.oolakh to 8.00 lakh , 30% on above rs. 8.00 lakh
(31) Additional deduction of rs. 20,000 for investment in infrastructure bonds
(32) Surcharge of 10% on domestic companies reduced to 7.5%
(33) MAT increased from 15% to 18%

(34) Wighted deduction non expenditure incurred on in-house r&d from 150% to 200%
(35) Limit of turnover for presumptive taxation of small business enhanced to rs. 60 lakh.
(36) Limits of turnover needing audit enhanced to 60 lakh for businesses and rs. 15 lakh for professions.
(37) Proposal of direct tax to result inrevenue loss of rs. 26,000 crore where as indirect taxes to result ina revenue gain of rs. 46,500 crore.
(38)Service tax proposals to result in net revenue gain of rs.3,000 crore.
(39) Accredited news agencies which provides news feed online exempted from service tax
(40) Micro-wave ovens, pre-packaged importedgoods, mobile phones, watches, readymade garments, toy baloons, longpepper, replaceable household water filter to be cheaper.
(41) Infotainmet sector to benefit from concessional custom duty
(42) Indian rupee to get a symbol, join the select club of currencies
(43) Special duty concessions to promote clean environment clean energy cess @ rs. 50 per tonne on coal
(44) Rate reduction in central excise duties partially rolled back ad valorem on non petro products & cars increased by 2%
(45) Uniform basic duty of 5% and cvd of 4% on import of medical equipmnet.
(46) Scientified inputs for orthopaedic implants exempted from import duty
(47) Central excise on petrol & diesel raised by rs. one per litre.
(48) Major tax relief to agriculture & related sectors
(49) Project import status for the setting up of cold storages
(50) Full exemption from excise duty to trailers & semi –trailers.

Maruti's December sales jump 50 pc

2010-01-01T02:38:00.000-08:00

Car market leader Maruti Suzuki India today reported 50.6 per cent jump in its sales in December last year at 84,804units. The car maker had sold 56,293 units in December 2008. Domestic sales witnessed a jump of 36.5 per cent at 71,000 units against 52,029 units in the year ago month, the company said in a statement.Sales of the A2 segment comprising models Alto, Wagon R, Zen, Swift, A-Star and Ritz were at 52,236 units against 36,831 units in December the previous year, up 41.8 per cent.The A3 segment (Swift Dzire and SX4 sedans) sales in December 2009 grew by 20.2 per cent at 7,843 units against 6,524 units in December 2008,Exports during December 2009 witnessed a massive jump to 13,804 units of exports against 4,264 units in the year ago month, the company said.

Source: BL

Rural Electrification Corporation’s follow-on public offer likely on Feb 11

2009-12-23T04:24:00.000-08:00

Rural Electrification Corporation’s follow-on public offer to raise Rs 3,300 crore is likely to open on February 11.REC’s FPO will come up between February 11 and 15
REC, whose mandate is to finance and promote electrification of rural areas, received the Cabinet Committee on Economic Affairs’ nod in October this year for 20 per cent share sale.
The REC offer would comprise five per cent stake dilution by the Government and issuance of 15 per cent fresh equity. Post FPO, the Government’s share in REC would come down to nearly 66 per cent from the present 81.82 per cent. REC would be the first public sector company to comply with the Government proposed norm of disinvesting 25 per cent in the PSUs.

Source: BL

Volkswagen and Suzuki Motor plan to develop a new small car

2009-12-12T06:56:00.000-08:00

The German automaker on Saturday launched production of its Polo hatchback, which had its European debut earlier this year, in its plant in western India. It said it sees the need for a smaller car in the Indian market.
"We know that we need a car below the level of the Polo," said Jochem Heizmann, a member of the board of Volkswagen. "We are working towards this but no decision has been made yet."
Volkswagen and Suzuki Motor plan to develop a new small car that would cost between $4,300 and $5,400 for the Indian market, following their recent tie-up, a newspaper reported this week. Volkswagen will buy a one-fifth stake in Suzuki Motor for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as Volkswagen seeks to become the No.1 automaker, the companies said earlier in the week.
Volkswagen is looking at various opportunities for synergies with Suzuki, Heizmann said, declining to give details. He added the firm could consider bringing to India the cheapest car on its table, Up, which is priced at about $8,800.

Source: ET

Russia to buy 19.8% in Sistema Shyam JV

2009-12-10T09:01:00.000-08:00

Russia will acquire 19.8 per cent stake in Sistema Shyam Teleservices Ltd, a joint venture between Sistema of Russia and Indian entity Shyam Group, for $676 million (around Rs 3,150 crore).
Stake sale to the Russian Federation will be through issuance of fresh equity shares. Post this, Sistema’s stake in the joint venture would come down to 54.2 per cent, while Shyam of India would continue to have 23.5 per cent equity. The approval to issue fresh shares was given by the extraordinary general body meeting of the company here. The proposal to sell shares to the Russian Federation was recently cleared by the Foreign Investment Promotion Board (FIPB) under the ministry of finance.
“The new sharing holding pattern will improve the financial stability of SSTL and will increase its share value. The funds will be used for further development of SSTL business in telecoms circles of its current operation, as well as for network deployment in new regions,”.SSTL has licence and spectrum to provide mobile telecom services in all the 22 circles across the country and claims to have over 2.8 million subscribers. The company has also issued fresh shares to Indian partner to be within the regulatory requirement of not exceeding 74 per cent of the foreign investment in telecom companies.

Source: BL

SEBI said that Barclays can not issue offshore derivatives

2009-12-09T08:41:00.000-08:00

Sebi today banned the leading English bank Barclays from issuing offshore derivative instruments following its failure to provide true and accurate picture of transactions" as required by the regulations. SEBI direct Barclays Bank Plc not to issue or subscribe or otherwise transact in any fresh or new offshore derivative instrument till such time as Barclays satisfies Sebi that it has put adequate systems, processes and controls in place to ensure true and correct reporting of its ODI transactions to Sebi.Barclays would be required to furnish a certificate from an auditor of international standing about its ability to correctly report transactions. the bank has been given time till December 18 to submit its reply.

Source: ET

Facebook's new privacy tool

2009-12-09T08:21:00.000-08:00

Facebook on Wednesday began calling on users to get a better grip on their online privacy by dictating who sees what in profiles at All about Twitter Top 10 nations using Internet 40 yrs of the Internet the world's leading social networking service.
All of Facebook's more than 350 million members will be required to refine settings with a new software tool that lets them specify who gets to be privy to each photo, video, update or other piece of content uploaded to the website. The idea is to evolve, to give users better control of with whom they share when they share." The change promises to help Facebook users prevent embarrassing images or overly revealing updates from being seen by business acquaintances, bosses or others not part of inner circles of online friends. You will have the opportunity to customize even individual pieces of content when you upload a picture or a video.

Era Financial - Board Meeting on Dec 12, 2009

2009-12-09T07:55:00.000-08:00

Era Financial Services India Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 12, 2009, to consider, the following proposals:
1. De merger of Multiplex / Cineplex Business of Company to Silverline Cinemas Pvt. Ltd., a wholly owned subsidiary of the Company, through hiving off a segment as a going concern.
2. Merger of ARK Vidhyut Urja Lid., ARK Transmission & Distribution Ltd., Era Power Ltd. with the company.
3. To start new line of activity, i.e. power sector related activities.

Rajasthan Royals appoints CEO

2009-12-08T08:57:00.000-08:00

Indian Premier League, Rajasthan Royals has appointed Sean Morris as the chief executive officer. he will focus on development of the brand outside of India. Rajasthan Royals was the winning team of the inaugural session of the domestic Twenty20 tournament and is owned by Emerging Media, Bollywood star Shipla Shetty and businessman Raj Kundra.

JSW Energy Limited IPO fully subscribed on the first day

2009-12-07T08:27:00.000-08:00

JSW Energy Limited IPO which opened today was fully subscribed early morning on the first day of the issue. The IPO was subscribed 1.25 times the shares on offer, according to the NSE website.
JSW Energy Limited, fixed the price band between Rs100 and Rs115 per equity share for an IPO of equity shares of Rs10 each for cash at a price to be decided through a 100% book-building process and aggregating up to Rs2700 crore.

OPEC meeting on December 22, 2009

2009-12-06T03:19:00.000-08:00

The Organisation of Petroleum exporting countries will review production targets at a meeting in Angola on 22 December, 2009. the 12 members group kept quotas steady at three meetings this year.

Dish TV spends Rs 30 crore on ad campaign with Shah Rukh Khan

2009-12-04T08:08:00.000-08:00

Direct to home (DTH) service provider Dish TV plans to spend Rs 30 crore on a new ad campaign with its brand ambassador Shah Rukh Khan. the new campaign called Ghar Aayee Zindagi would be launched on December 6 and the company would use its exclusive partnership with Kingfisher Airways for promotion. The DTH company beams live television on airlines flightier.

Company's book closures date

2009-12-04T07:11:00.000-08:00

Company ----------- Date ----------- Purpose
(1) Amtek Auto ---- 28/12/09 to 31/12/09 ---- AGM & Rs 0.50 per share (25%) dividend
(2) Escorts --------- 28/12/09 to 30/12/09 ------- Annual book closure
(3) Ahd Forging -------- 28/12/09 to 31/12/09 ------- AGM & Rs1 per share (10%) dividend
(4) Austral Coke ------- 23/12/09 to 24/12/09 ------- AGM
(5) GHCL --------------- 24/12/09 to 31/12/09 ------- AGM & Rs 2 per share (20%) dividend
(6) Caplin Point ------- 18/12/09 to 23/12/09 -------- AGM
(7) Mini Diamond ------ 17/12/09 to 23/12/09 -------- AGM

JSW Energy's IPO opens on Dec 7

2009-12-03T07:42:00.000-08:00

JSW Energy Ltd is coming with an IPO on 7 December. The company has fixed the price band between Rs100 and Rs150/- per equity share for an initial public offering of equity shares of Rs10 each for cash at a price to be decided through a 100% book building process and aggregating up to Rs2700 crore.
The bid opens on December 7 and closes on December 9. A discount of Rs. 5 to the Issue Price determined pursuant to completion of the Book Building Process will be offered to Retail Individual Bidders (the "Retail Discount").

Kiri Dyes may acquire Germany based Dystar

2009-12-02T07:26:00.001-08:00

Ahmedabad based Kiri Dyes and Chemicals is in advanced stages of negotiation for acquiring the Germany based Dystar group. the global market leader for dyes and textile solutions that filed for insolvency a couple of months earlier for some of its subsidiaries. the deal size is estimated to be about Rs 698 - 873 crores including the liabilities. the deal is expected to be complete by the end of this year.
Dystar clocked sales of Rs 5440 crore in the 2008 calendar year. the global dyes intermediates market is estimated at $23 billion and is expected to grow at 2% per annum.

book closure

2009-12-02T07:23:00.000-08:00

Company ------- Book Closure Date -------- Purpose
(1) ESS Dee Alum -------- 10/12/09 to 14/12/09 -------- AGM & Rs 2 per share (20%) dividend

Record Date

2009-12-02T07:20:00.002-08:00

Company -------- Record Date -------- Purpose
(1) ONGC ---------- 23/12/09 -------- Interim dividend
(2) Adani Enterprise -------- 11/12/09 ---------- Bonus issue

Aditya Birla Retail Plans IPO

2009-12-01T08:23:00.000-08:00

Aditya Birla Retail, the country's second biggest supermarket operator, is considering an initial public offer (IPO) and will time it as soon as the company starts spinning profits. it will be closer to the time of profitability around 2012 or maybe even before.
the company which operates over 650 supermarkets and there hypermarkets across the country.

Source: BS

NIfty may face resistance around 5000

2009-11-29T01:08:00.000-08:00

Current Price ------------- 4941.7

Resistance
R1-------------------------- 5002
R2-------------------------- 5033
R3-------------------------- 5124
Support:
S1-------------------------- 4880
S2 -------------------------- 4800
S3-------------------------- 4750

Nifty will move in the range of 4400 to 5300 in some more weeks.

Disclaimer: this is my personal view

Mixed trend in rubber

2009-11-29T00:57:00.000-08:00

Spot rubber witnessed a mixed trend on Saturday. sheet rubber closed unchanged at Rs 120kg, while RSS 5 and ungraded rubber declined on buyer resistance amidst profit booking at higher levels.
sharp decline in Japanese markets on Friday kept most the players under pressure during the weekend sessaion the volumes were dull.

Source: BL

Dubai Debt may be higher than $ 80 billion

2009-11-29T00:38:00.000-08:00

Dubai, whose state run companies are seeking to defer debt payments, may owe more than the $80 billion to $90 billion in liabilities.
perhaps Dubai's debt includes size able off-balance sheet liabilities that imply a total debt burden will above the $80 billion to $90 billion markets have estimated so far. this could imply that the debt issued by Dubai in recent weeks is insufficient to meet upcoming redemption.
Dubai, which has said it will raise as much as $20 billion selling bonds to repay borrowings, said on November 25 that state run Dubai World, with $59 billion liabilities, would ask creditors for a standstill agreement as it negotiates to extend debt maturities.

Tata Power

2009-11-28T04:03:00.000-08:00

Tata Power has posted a consolidated net profit of Rs 367.73 crore for the quarter ended September 2009, 30.34% lower compared with Rs 527.92 crore in the corresponding quarter in the previous year. net revenue for the quarter stood at Rs 4579.19 crore, down by 1.25% compared with Rs 4637.36 crore in the same period last year.

Book Closures

2009-11-28T03:23:00.000-08:00

Company --------- Date ---------- Purpose
(1) Renuka Sugar ---- 01/01/10 to 09/01/10 ---- AGM
(2) Avaya Global con ---- 06/01/10 to 29/01/10 ---- Rs 3.5 per share (35%) Dividend & AGM
(3) SB & T int ---- 13/12/09 to 19/12/09 ---- AGM
(4) Walchand Inds ---- 14/01/10 to 20/01/10 ---- Rs 1 per share (50%) dividend & AGM
(5) C&C Constr ---- 21/12/09 to 24/12/09 ---- AGM & Rs 2.75 per share (27.5%) dividend
(6) Ensa Steel ---- 24/12/09 to 31/12/09 ---- AGM
(7) Garware Marine ---- 22/12/09 to 29/12/09 ---- Rs 0.50 per share (5%) dividend & AGM
(8) SIP Ind ------------- 24/12/09 to 31/12/09 -------- AGM

Record Date

2009-11-28T03:20:00.000-08:00

Company ----------- Record Date ---------- Purpose
(1) Jindal Saw ------- 11/12/09 -------- stock split Rs 10 to Rs 2
(2) Engineers India ------- 22/12/09 ---------- interim dividend

Reliance Communication, 1 paisa per SMS plan

2009-11-28T03:09:00.000-08:00

Reliance Communication today announced a plan under which both prepaid as well as post paid subscribers of its GSM and CDMA services would be charged 1 paisa per SMS provided they pay Rs 11 per month.both CDMA and GSM, can also avail a plan of unlimited SMSs at rs 1 per day. however this plan is only for prepaid customers. for post paid customers, there is another plan, under which they can pay rs 25 a month for unlimited SMSs. both the plans would be applicable to local as well as national SMSs. currently subscribers pay between 50 paisa and 60 paisa for an SMS.

Reliance Capital

2009-11-28T03:02:00.000-08:00

Reliance Capital today said it would acquire a controlling stake in brokerage and equity research firm Quant Capital.
Quant Capital, which was Incorporated in December 2007 and began operation in may 2008, employees over 100 professionals and has a presence in both the foreign and domestic institutional markets. Reliance Capital proposed to take a majority stake in Mumbai based Quant Capital group.

MBL infrastructures Limited - IPO

2009-11-27T08:28:00.000-08:00

Issue Period ----------- Nov 27, 2009 to Dec 01, 2009
Issue Size -------- 4860000 equity shares [Excluding Anchor investor portion of 8,40,000 equity shares]
Issue Type--------- 100% Book Building
Price Range------- Rs. 165 To Rs. 180.
Market Lot---------35 Equity Shares
Minimum Order Quantity----------35 Equity Shares
Maximum Subscription Amount for Retail Investor----------Rs.100000
IPO Grading-----------------IPO GRADE 2
Rating Agency------------------ICRA
Book Running Lead Manager------------Motilal Oswal investment Advisors Pvt Ltd
Syndicate Member----------Motilal Oswal Securities Limited, Enam Securities Pvt Ltd
Name of the registrar -----------------Link Intime India Pvt Ltd
Address of the registrar----------C- 13 Pannalal Silk Mills Compound, LBS Marg,Bhandup (West), Mumbai 400 078.
Contact person name number and Email id-----------Mr. Sachin Achar, Tel: +91 22 2596 0320,Fax:+91 22 2596 0329 Email: mbl.ipo@linkintime.com

Source : NSE

Tata Steel Ltd

2009-11-26T07:29:00.000-08:00

Tata Steel Ltd has reported a loss of Rs 2,707 crore for the quarter ended September 30, 2009 as compared to profit of Rs47.71bn for the quarter ended September 30, 2008.
Total income has decreased from Rs442.55bn for the quarter ended September 30, 2008 to Rs254.13bn for the quarter ended September 30, 2009

Initial jobless claims

2009-11-25T06:27:00.000-08:00

America's Initial jobless claims declined to 466,000 in the week ended Nov. 21 from 501,000 a week earlier, Labor Department figures showed today in Washington. this is indicating that job market of US is improving day by day. world largest economy is coming out from recession.

Ganesh Benzoplast

2009-11-24T04:37:00.000-08:00

the share price of Mumbai based Ganesh Benoplast rose 1017% on the Bombay Stock Exchange in the first hour of the trading session on 23 November 2009. the share was introduced for trading for the first time in nearly two years, after it got De listed in 2007 over non compliance issue . the company, which was last traded Rs 1.70 on December 24, 2007. rose to high of Rs 19 after it was re listed at Rs 11 today, however, closed the day at Rs 15.54 with a gain of 808.24%.the counter generated a volume of over 1.62 million shares on BSE. Ganesh Benzoplast had come under heavy financial losses since 2001. after its salt manufacturing facility in Gujarat suffered damages during the earthquake of 2001.

Record Date

2009-11-24T04:28:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Mayur Uniquoter ---- 04/12/09 ---- Rs 2 per share (20%) interim dividend

Book Closures

2009-11-24T04:23:00.000-08:00

Company ------- Date -------- Purpose
(1) Visagur polytex ---- 10/12/09 to 14/12/09 ---- AGM & Rs 1 per share (10%) Dividend
(2) Bambino Agro ---- 17/12/09 to 23/12/09 ---- AGM

JSW Energy Limited

2009-11-23T07:09:00.000-08:00

JSW Energy Limited, a part of Sajjan Jindal led JSW Group has filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Maharashtra at Mumbai, for an initial public offering (IPO) of equity shares of Rs10 each for cash at a price to be decided through a 100% book-building process and aggregating up to Rs27bn.
The Issue will open on December 7, 2009 and close on December 9, 2009. The Issue has been graded by CARE as CARE IPO Grade 4 indicating above average fundamentals.

Nifty Tips

2009-11-22T00:18:00.000-08:00

Current Nifty --------- 5052.45
Nifty will move in narrow range in coming week. range will be 4800 to 5300,

Resistance:
R1------------------- 5110
R2------------------- 5150
R3------------------- 5230

Support:
S1------------------ 4971
S2------------------ 4880
S3------------------ 4760

Disclaimer: this is mu personal view.

Dell Inc

2009-11-21T23:56:00.000-08:00

Dell Inc's quarterly profit plunged 54% on lower than - expected revenue as its sales to large business suffered. Dell reported a net profit of $ 337 million or 17 cents a share, for its fiscal third quarter ended October 30, down from $ 727 million, or 37 cents a share, in a year ago period. revenue fell 15% to $ 12.9 billion. Dell said gross margin was 17.3% in the third quarter, down from 18.7% in the second quarter and 18.8% in the year ago period. sales in Dell large enterprise business fell 23% in the quarter, the most of any units.

Book Closures

2009-11-21T02:06:00.000-08:00

Company ---- Date ---- Purpose
(1) Alps Ind ---- 8/12/09 to 9/12/09 ---- AGM
(2) Ballapur Ind ---- 5/12/09 to 18/12/09 ---- AGM & Rs 0.50 per share, 25% dividend
(3) Oswal Spg (p) ---- 28/12/09 to 31/12/09 ---- AGM
(4) Assambrook ---- 09/12/09 to 15/12/09 ---- AGM

Triveni Engineering

2009-11-21T01:58:00.000-08:00

Triveni Engineering and Industries, the country's third largest sugar producer posted a 153% jump in its net profit for the quarter ended September 30,2009. net profit for the quarter stood at Rs 68 crore. net sales rose 27% to Rs 553 crore.

Shree Renuka Sugars

2009-11-21T01:50:00.000-08:00

India's biggest sugar refiner, Shree Renuka Sugars has posted a net profit of Rs 48.20 crore, an increase of 298% during the Quarter ended September 30, 2009, as against the net profit of Rs 12.1 crore posted in the same period a year ago, net sales and income from operation registered an increased of 58.78% at Rs 886 crore, compared with Rs 558 crore a year ago.

Book Closure

2009-11-20T02:42:00.000-08:00

Company ---- Date ---- Purpose
(1) LGS Global ---- 24/12/09 to 30/12/09 ---- AGM, dividend 2.5%

Record Date

2009-11-20T02:39:00.000-08:00

Company ---- Record Date ---- purpose
(1) Barclays Invest ---- 30/11/09 ---- PVT Placed NCD redemption of NCD
(2) Tata Coffee ---- 29/12/09 ---- payment of interest

American Online Ltd

2009-11-20T02:33:00.000-08:00

American Online Ltd, the struggling Internet company, plans to cut about a third of its workers if its planned spin off from time warmer goes through. that would amount to nearly 2300 of the roughly 6900 total employees. in a securities filing Thursday. it will impose the cuts on a voluntary basis, hoping to trim annual cost by about $ 300 million.

Source: ET

Bhushan Steel

2009-11-20T01:53:00.000-08:00

Delhi based Bhushan Steel is looking to sell 5% stake to strategic investors for close to Rs 400 crore.the fund raised through fresh issue of shares will be used to finance its on going capacity expansion plans. the company is looking to sell new shares at a high premium. the company will initiate talks with a host of Indian and oversea firms shortly to execute its equity dilution plan. the divestment will bring down the promoters stake in the company to 65.7% in the expanded capital base from 69% currently. the fund raised will help it part finance the proposed 5 million tonne steel project in Orissa.

Suzlon Energy

2009-11-20T01:35:00.000-08:00

Suzlon Energy, the world's third largest maker of wind turbines, it has sold a 35% stake in subsidiary Hansen Transmissions for $ 370 million. as part of its effort to reduce debt. it currently has gross debt totalling Rs 12,500 crore. Thursday stake sale will reduce Suzlon's shareholding in Hansen to 26% from 61%. Suzlon had bought the Belgium - based company in 2006 for $ 565 million.

Book Closures

2009-11-19T02:27:00.000-08:00

Company ---- Date ---- Purpose
(1) Sh. Cholochem ---- 26/12/09 to 30/12/09 ---- AGM
(2) Wellwin Ind ------- 23/12/09 to 30/12/09 ---- AGM

JSW Steel

2009-11-19T01:30:00.000-08:00

JSW Steel is close to signing a strategic alliance with a European steel company that could involve the foreign firm picking up a minority stake and offering technology to help Indian third largest steel maker to make speciality steel products. this is the first - of - its kind deal in domestic steel industry. JSW Steel will issue fresh shares, amounting about 5-10% of its equity, to the foreign company. such a stake sale could fetch JSW around Rs 1000 -2000 crore. the focus of the collaboration is adopt technology that would enable JSW to make niche products such as auto grade outer panels for cars, which is currently not made by any other steel company in India. such products typically command a premium of over 30% over the base grade category, that is hot rolled coils. JSW is one of the lowest cost steel producer in the world and currently makes flat and long products. the $ 3.5 billion company has the country's largest galvanising and colour coating production facility, and export galvanised products to 100 countries across five continents.

ITC

2009-11-18T05:05:00.000-08:00

ITC has increased price of some cigarette by around 10% company spokesman said. ITC share gained by 1.7% to end at 258.7. the stock opened 255 and made an intra - day high of 259 and a low 252. total traded volume stood at 4,00,000 shares.

Cox and Kings

2009-11-18T04:18:00.000-08:00

Cox and Kings initial public offer (IPO) has got good response with nearly 15% of the IPO being allotted to 6 anchor investors of Tuesday. India infoline is the book running lead manager for the issue.

BHEL

2009-11-16T23:59:00.000-08:00

Current Price ---- Rs 2266
Target Price ---- Rs 2607

The current order book is robust and provides good visibility for the medium term.BHEL has managed to win a fair amount of private sector orders in the current financial year. the stock has good defensive choice with relatively low risk to earnings. medium term investors can buy this stock.

Broking House ---------- RBS

Record Date

2009-11-16T23:46:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Gennex Lab ---- 15/12/09 ---- stock split

Book Closures

2009-11-16T23:43:00.000-08:00

Company ---- Date ---- Purpose
(1) Assam Petroc -- 11/12/09 to 22/12/09 -- 10% dividend and AGM
(2) Symphony Com -- 21/12/09 to 31/12/09 -- 10% dividend and AGM

Jaypee Infratech

2009-11-16T23:35:00.000-08:00

Jaypee Infratech, a subsidiary of the infrastructure group Jaypee Associates will file the draft red herring prospectus for an initial public offering this week. the company is looking at raising Rs 1500 crore from the issue by the diluting 10-12% equity.Morgan Stanley, DSP Merrile lynch, Bank Of America, ICICI Securities, Enam Securities, Kotak and SBI Caps have been appointed to manage the issue.

Hitachi Ltd

2009-11-16T05:04:00.000-08:00

Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($ 4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base. Hitachi plans to sell about 300 billion yen worth of shares and another 100 billion yen in convertible bonds. the public share offering would be its first in 27 years.

Satjuj Jal Vidyut Nigam Ltd

2009-11-16T04:53:00.000-08:00

The initial public offer of Satluj Jal Vidyut Nigam Ltd, the state owned hydro power producer, is likely to hit the market in the next financial year. the government had approved a 10% sale of its stake in SJVN. currently the government holds 75% stake in the company, the rest being owned by the Himachal Pradesh Government, after the IPO the government 's shareholding in the miniratna PSU would come down to 65%. the company with an authorised share capital of Rs 4500 crore plans to offer 310 million shares of Rs 10 face value each, to fetch over Rs 1200 crore from the capital market in its maiden public issue.

Cox and Kings - IPO

2009-11-15T02:42:00.000-08:00

Business Prospects:
The company's domestic business is leisure travel, corporate travel, forex and visa processing. while it designs packages for both individuals and groups for their domestic and international travel -tagged outbound travel, it also offers destination management and ground handling services for foreign tourists visiting India. C & K has also built a web of subsidiaries that complement each other's business offerings. for instance, while on the one hand, its overseas presence through its subsidiaries help attract business for the domestic inbound business, on the other hand it also help keep a check on service levels and costs. similarly, its UK subsidiary, ETN, that does destination management for European sites stands to gain from its acquisitions in Australia and the US. the high synergies and travel volumes afford the company better bargaining power with airlines and hotels. other ventures such as Maharaja express, a luxury train to be launched in January 2010 in collaboration with IRCTC and visa - processing business for which it has received approvals from six countries, also offer long term growth potential.
Marketing Strategy:
C & K has presence in 19 countries in India, which made up more than half its overall revenues last year, the company has 255 points of presence covering 164 locations through a mix of owned and franchised sales shops, general sales agents and preferred sales agents.
Results:
Over the last three years, C & K has grown its revenues and profits at a compounded annual growth rate of about 66% and 80% respectively, in the same period, it managed to expand its operating profit margin by 10% points to 42% attributable mainly to increasing interest burden, the company's NPM fell to 22% from 28%.
IPO Proceeds:
C & K is seeking to use a portion of the IPO proceeds ( Rs 129.6 crore ) to repay loans. its interest outgo can be expected to come down significantly. C & K also plans to earmark IPO proceeds for acquisition ( Rs 150 crore ) , invest in overseas subsidiaries and upgrade corporate office.
Offer Details:
the company seek to raise Rs 584 - 610 crore from the issue, which also comprises an offer for sale of 30,46,640 equity shares. the offer is open from November 18 - 20.
Conclusion:
Medium term investors can consider to subscribe the initial public offering of the global tour operator Cox & King. the company's strong brand image, wide geographical reach - both within country and across major global markets - synergies of operations between its various subsidiaries and the economies of scale. it is a positive for the offer. the highly fragmented domestic travel market, with few organised tour operators also leaves sufficient scope for market share gains. the valuation is at discount compare to Mahindra Holidays and Resorts. this is Good for medium to Long term investors.

L & T

2009-11-15T02:38:00.000-08:00

Larsen & Toubro sold 2.32% stake in the IT company ( Mahindra Satyam ) for over Rs 306 crore on Friday. exactly a month after the lock in period on sale of its holding ended.

Book Closures

2009-11-14T02:59:00.000-08:00

Company ---- Date ---- Purpose
(1) Aurob Pharma -- 18/12/09 to 23/12/09 -- Rs 1.50 per share (30%) Dividend & AGM
(2) Maha Ind ---- 10/12/09 to 14/12/09 ---- AGM

Record Date

2009-11-14T02:55:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Munoth Capital ---- 10/12/09 ---- Stock split from Rs 10 to Rs 5
(2) Polygenta Tech ---- 02/12/09 ---- Reduction of capital

IPL

2009-11-14T02:47:00.000-08:00

Entertainment & Sports Direct (ESD), promoted by DAR capital group, an investment advisory and private equity company, has won the theatre rights to the Indian Premier League Cricket Tournament for the next 10 years (2010 -2019) . it is to pay Rs 330 crore for this.

Avantha Power

2009-11-14T02:43:00.000-08:00

Avantha Power, part of the Gautam Thapar - promoted Avantha group. it is looking at raising up Rs 1000 crore through an initial public offer in 12-18 months. we still do not have any fixed time for the listing of the company. it will be in 12-18 months.

Google

2009-11-14T02:37:00.000-08:00

Internet search firm google has unveiled its first ever made in India Doodle, which is a creative google logo that appears on some special days to commemorate scientific and artistic achievements, historic and seasonal events. the doodling competition called doodled4google was announced.
Source: BS

Book Closures

2009-11-13T01:54:00.000-08:00

Company ---- Date ---- Purpose
(1) Parsoli Corpn -- 14/12/09 to 18/12/09 ---- AGM
(2) Themis Medicare -- 03/12/09 to 09/12/09 ---- AGM

Record Date

2009-11-13T01:51:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Inwinex Pharma ---- 25/11/09 ---- Scheme of arrangement

Renuka Sugars

2009-11-13T01:40:00.000-08:00

In the first acquisition of any foreign sugar and ethanol unit by an Indian company, Shree Renuka Sugars Ltd. one of the largest producer in the country has acquired Brazil's Vale Do Ivai Sa Acucar e Alcool (VDI) at an enterprise value of $ 240 million ( Rs 1112 crore) SRSL will pay $82 million (Rs 380) crore now and balance over 8 years. it plans to finance the acquisition by leveraging the $105 million (Rs 506 crore) it raised through a qualified institutional placement (QIP) of shares in JUly. the company operate sugar mills. five owned and three leased, with a cumulative daily crushing capacity of 35000 tonnes.

Bharti Airtel

2009-11-12T00:48:00.000-08:00

Medium term investors can accumulate Bharti Airtel at current level. near term outlook on the sector is bearish because of ongoing tariff war. trades see Rs 280 as a key support for the stock. as it was the lowest level touched during the market meltdown in October - November last year. Bears will try to push the stock below this level so as to trigger technical based selling pressure at the counter. medium term investors should hold and slowly accumulate stock at lower level.

Book Closure

2009-11-12T00:45:00.000-08:00

Company ---- Date ---- Purpose
(1) Asian Oilfie -- 12/12/09 to 18/12/09 -- AGM
(2) Lcc Infotech -- 07/12/09 to 14/12/09 -- AGM

Record Date

2009-11-12T00:39:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Allcargo ---- 20/11/09 ---- Stock split / interim dividend @ 25%

MMTC

2009-11-10T23:32:00.000-08:00

State owned MMTC has invited bids for sale of 4000 tonnes of imported Tur in the domestic market. bids will close on November 16 and the decision on the tender will be taken by November 20. the offered pulses, which are grown in the 2009 crop season are sourced from Tanzania and Malawi. bidders showed quote for a minimum quantity of 250 tonnes. the imported Tur are currently lying at Vashi Mumbai. the company said on its website.

Polaris Software

2009-11-10T23:22:00.000-08:00

Citi continuous to sell shares of Polaris in the open market. in the last few months Orbitech, an entity controlled by Citi, has sold over 5% of its holding in the company. according the bulk deal trade data on the NSE, Orbi Tech sold 7.5 lakh shares at Rs 166.04 a piece on Tuesday. as of 30Th June 2009, Citi held a 43.33% stake in Chennai based Polaris but after a series of open market selling in the last few months, that stake is down by over 5% to 38%. Citi holds a stake in Polaris through two entities Orbitech and Citi bank A/C Bitech Ltd.

KSK Energy

2009-11-10T23:16:00.000-08:00

KSK Energy Ventures is raising fund through qualified institutional placement. the indicative price band for the issue is Rs 194.50 - 196 and the company hopes to mop around $125 million. KSK shares on Tuesday closed at Rs 198.60, up 0.2% over the previous close.

2009-11-10T01:10:00.000-08:00

British candy maker Cadbury rejected a renewed $16.4 billion hostile bid from Kraft Foods on Monday after the US company refused to sweeten a previous offer. Kraft's decision to keep rebuffed cash and stock approach effectively means a lower offer for investors in London based Cadbury because of a shift in the share price of both companies.the prospect of a tie up has caused some consternation in Britain. where the 195 years old Cadbury is a much loved brand - its Dairy Milk is the country's top selling Chocolate bar.

Confectionery global market share

Lindt --------- 2%

Cadbury & Kraft -------- 14.8%

Mars -------- 14.6%

Perfetti -------- 2.9%

Ferrero -------- 2.9%

Hershey -------- 4.6%

Nestle --------- 7.8%

Book Closures

2009-11-10T01:08:00.000-08:00

Company ---- Date ---- Purpose
(1) PCS Tech -- 01/12 to 09/12 ---- AGM

Record Date

2009-11-10T01:02:00.000-08:00

Company ------ Record Date ---- Purpose
(1) Aditya Birla Nuvo -- 04/12/09---- Interest on NCDs
(2) Asso. Stone ------- 25/11/09 ---- 5% interim dividend
(3) Geekay Fin. ---- 20/11/09 ---- Stock Split
(4) HDFC Bank ---- 15/01/10 ---- interest on bonds
(5) ZF Steering ---- 16/11/09 ---- 35% interim dividend

Wipro

2009-11-10T00:56:00.000-08:00

Jessie Paul, the high profile chief marketing officer of India's third largest technology services company, Wipro Technology, has quit to start her own venture. Paul's new venture called Paul writer strategic advisory will be a marketing platform for B2B early stage companies in traditional and new media space like social blogging.

Source: ET

Reliance Communication

2009-11-10T00:50:00.000-08:00

Buy Reliance Communication at Rs 172 target is Rs 190 next week.

Disclaimer: this is my personal view.

Appollo Tyres

2009-11-09T05:21:00.000-08:00

Tyres major Appollo Tyres would soon hike price of products due to increasing rates of rubber. in October, we had raise price by about 2.5% and we will be going for another price correction soon.

Homag India

2009-11-09T05:18:00.000-08:00

Homag India, a wholly owned subsidiary of Germany's Homag group that manufactures wood working machines, plans to set up a unit in India and expects to start production by mid 2012.

Kraft Food Inc

2009-11-09T05:14:00.000-08:00

Kraft Food Inc, the world second largest food maker may increase its $16 billion bid for confectioner Cadbury Plc. by Monday deadline to keep its take over attempt alive.

2009-11-09T05:09:00.000-08:00

The departing boss of General Motors Europe, Carl - Peter Forster, is set to take charge of Indian conglomerate Tata group owned Jaguar Land Rover in the next few months.

Zylog Systems

2009-11-09T01:49:00.000-08:00

Chennai based Zylog Systems is all set to acquire two companies in Singapore and the for $17 million as part of its global expansion.

2009-11-08T04:15:00.000-08:00

The unemployment rate in the US soared to a 26 years high of 10.2% in October and employer cut more jobs than forecast. payrolls fell by 190000 workers last month, compared a 175000 drop.

Nifty Tips

2009-11-08T04:08:00.000-08:00

Current Price---- 4796.15
Resistance:
R1------- 4915
R2------- 5000
R3------- 5150
Support:
S1 -------- 4605
S2--------- 4538
S3--------- 4450
But it is not yet clear if this is the end of the correction from 5182 peak or if this down trend will have legs that take it lower. the medium term view will stay negative unless there is a close above 5000.
Disclaimer: this is my personal view.

Biocon

2009-11-08T03:57:00.000-08:00

Biotech firm Biocon's independent director, Neville C Bain, sold share of the company aggregating to Rs 4.23 crore in the open market. in two separate transactions, Bain sold 125000 shares and 50000 shares of the Biotechnology firm, for Rs 2.99 crore and Rs 1.23 crore, respectively.

Record Date

2009-11-08T03:55:00.000-08:00

Company ---- Record Date ---- Purpose
(1) TV 18 EQPP ---- 18/11/09 ---- conversion of partly paid up

Book Closures

2009-11-08T03:43:00.000-08:00

Company ---- Date ---- Purpose
(1) Asian Granito ---- 24/11/09 to 30/11/09 ---- AGM
(2) Jetking Infotra ---- 20/11/09 to 20/11/09 ---- Rs 3 per share (300%) interim dividend
(3) Silverline Anim ---- 18/11/09 to 23/11/09 ---- Annual book closure

GVK Power & Infrastructure Ltd,

2009-11-07T01:24:00.001-08:00

GVK Power & Infrastructure Ltd, the 2000 crore Hyderabad based company has acquired 12% in Bangalore International Airport Ltd for Rs 485 Crore from Flughafen Zuerich AG through GVK Airport Development Pvt. Ltd. a wholly owned subsidiary of GVK Power & Infrastructure Ltd.

Book Closures

2009-11-07T01:21:00.000-08:00

Company ---- Book Closures ---- Purpose
(1) Ambalal Sarabh ---- 26/11/09 to 30/11/09 ---- AGM

Record Date

2009-11-07T01:17:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Colgate---- 11/12/09 ---- Second interim dividend
(2) Deccan Chronicl ---- 09/11/09 ---- Rs 1 per share (50%) interim dividend
(3) Indo Amines ---- 13/11/09 ---- Rs 0.70 per share (7%) interim dividend

Kesoram Industries Ltd

2009-11-07T01:13:00.000-08:00

Kesoram Industries Ltd, engaged in manufacturing cement, tyres and spun pipes, announced a net profit of Rs 76.87 crore in the second quarter ended September 30, 2009, up 23.07% over the corresponding period a year ago.

Record Date

2009-11-06T05:12:00.000-08:00

Company ---- Record Date ---- Purpose
(1) Central Bank ---- 20/11/09 ---- Rs 1 per share (10%) interim dividend
(2) Elgi Equip - pp ---- 13/11/09 ---- Conversion of partly paid up & Rs 11.25 paisa per paid up share (75%) interim dividend.

WNS

2009-11-06T05:07:00.000-08:00

India's second largest business process outsourcing firm WNS posted a net income of $ 13.7 million for the second quarter ended September 30, 2009, up 15.6% from $ 11.9 million in the corresponding quarter last financial year.

Glodyne Technoserve

2009-11-05T05:36:00.000-08:00

Glodyne Technoserve signed an agreement with the collector of Gadchiroli, government of Maharashtra for executing a turnkey technology infrastructure management project for implementing nation rular employment guarantee scheme in the Gadchiroli district of the state. the stock gained 11.5% on yesterday.

Book Closures

2009-11-05T05:26:00.000-08:00

Company ---- Book Closures ---- Purpose
(1) Hcl Techno ---- 04/12/09 to 08/12/09 ---- Rs 1 per share (5%) final dividend & AGM

Record Date

2009-11-05T05:23:00.000-08:00

Company ---- Record Date ---- Purpose
(1) HUL ---- 09/11/09 ---- Rs 3 per share (300%) interim dividend
(2) Nestle India ---- 05/11/09 ---- Rs 27 per share (270%) second interim dividend

Dow jones

2009-11-05T05:19:00.000-08:00

Dow jones will open flat today. investors are waiting economic data. European market is also trading in negative zone. so i am looking US market will open lower side on Thursday morning.

SBI Life

2009-11-03T23:40:00.000-08:00

The country's largest sector life insurance, SBI Life Insurance posted a net profit of Rs 116 crore during the first half of the current financial year. the company grew by 17% in terms of total premium collection in the period under review at Rs 3407 crore.

Cognizant

2009-11-03T23:33:00.000-08:00

Cognizant Technology reported a 21% growth in net profit for the quarter ended September 30, 2009, to $ 136.6 million compared with $ 112.8 million during the corresponding period a year ago. company's revenue rose to $853.5 million from $ 734.7 million, an increase of 16% from the year ago quarter. its added around 3900 professionals during the quarter to take its global headcount to over 68000.

Reliance Infrastructure

2009-11-03T07:30:00.000-08:00

Reliance Infrastructure Ltd.'s net profit for the second quarter marginally increased 6% to Rs 306 crore against Rs 288 crore in the year ago quarter. the total operating income increased 7% to Rs 2649 crore.

Monnet Ispat

2009-11-03T07:23:00.000-08:00

Sponge iron maker Monnet Ispat, its net profit rose 0.40% to Rs 82.06 crore for the quarter ended September 30, 2009, over the same period last year. total income of the company, however declined 21.44% to Rs 313.98 crore in the July - September quarter of this fiscal from the same period last financial year.

Reliance Communication

2009-11-03T07:15:00.000-08:00

Reliance communication net profit halved to Rs 740 crore for the second quarter ended September 30, 2009, against Rs 1531 crore for the same period a year ago. its income marginally declined to Rs 5496 crore from Rs 5536 crore for the corresponding quarter last year despite the customers base growing 53% to 92 million, as average revenue per user fell to Rs 161 from Rs 210 a year ago.