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Showing posts from December 30, 2007

Market Winds

Sil Investment
(TICKER CODE: 521194)
An old market hand known for his canny pickings
is known to have accumulated huge positions
in SIL Investment.
This KK Birla group company has huge investments
in group companies like Zuari Agro and
Chambal. Fertilisers, along with Pilani Investment
which is the holding company of the Birlas.
The balance-sheet of the company also reflects
holding in various prime properties across the country.
The embedded value in the stock can make it
multi-bagger, opines the seasoned investor.
(FVRs: 10, H/L Rs 143/49, CMP: 138)
GAIL
(TICKER CODE 532155)
An analyst tracking oil and gas sector is very
bullish on the GAIL. Recently Reliance Industries
and GAIL have entered into an understanding for
co-operation in petrochemicals.
Under the agreement, GAIL and RIL will explore
opportunities for setting up petrochemical
complexes in the Middle East and Russia among
other countries.The analyst expects this to act as a
great catalyst going forward for the company and
recommends investors to b…

GREMACH INFRASTURE

Religare has initiated coverage on Gremach Infrastructure with a BUY rating. Engaged in the business of leasing out construction and mining equipment. Strong government thrust on infrastructure development coupled with Gremach's timely equipment acquisition (capex of Rs 1.3bn) will drive a revenue CAGR of 62% CAGR over FY07-FY09. Aggressive forays into onshore oil rig rentals, SEZ development and coal mining would fuel the next phase of growth for the company.

Orders placed for 40 onshore oil rigs for an amount of US$ 1bn to be delivered in the next three to four years by Bomco, China's biggest oil and gas rig manufacturer. This would make Gremach the biggest onshore rig rental player in India. Investing Rs 2bn to establish an SEZ in Kolhapur, Maharashtra and a further Rs 2.3bn to construct a saw pipe manufacturing facility within the zone. About 250 acres of land already acquired for the proposed SEZ.Coal mining rights acquired in Mozambique with estimated coal re…

Parsvnath Developers gains on nod for new SEZ project

Parsvnath Developers rose 0.99% to Rs 479.20 on BSE at 14:26 IST after the company said its subsidiary, Parsvnath SEZ, will develop a pharmaceutical special economic zone (SEZ) at Nanded in Maharashtra. Meanwhile, BSE Sensex was down 77.98 points or 0.38% to 20,387.15. On BSE, 6.93 lakh shares changed hands in the counter. The stock had an average daily volume of 3.99 lakh shares on BSE in past one quarter. The stock hit high of Rs 494.80 also a 52 week high for the scrip. It hit a low of Rs 396 so for during the day. It touched a 52 week low of Rs 221.60 on 7 March 2007. The mid-cap scrip outperformed the market over the past one month till 2 January 2008 rising 33.96% compared to the Sensex's rise of 4.79%. It also outperformed the market over the past one quarter, rising 33.31% to Sensex's gain of 15.12%. The company's current equity share capital is Rs 184.70 crore. Face value per share is Rs 10. At the current price of Rs 479.20 the PE multiple works out…

Reliance Energy electrifies ahead of IPO of Reliance Power

Reliance Energy surged 5.77% to Rs 2,502.10 on BSE at 11:23 IST, extending its recent rally, ahead of the forthcoming IPO of its unit Reliance Power. Meanwhile, BSE Sensex was down 7.87 points or 0.04% to 20,458.46. On BSE, 5.57 lakh shares changed hands in the counter. The stock had an average daily volume of 18.14lakh shares on BSE in past one quarter. The stock hit a high of Rs 2,528 also a all time high for the scrip. It hit a low of Rs 2,350 so far during the day. The scrip had touched a 52 week low of Rs 448.20 on 5 March 2007. Reliance Energy (REL), India's second largest power utility by revenue outperformed the market over the past one month till 2 January 2008 rising 24.95% compared to the Sensex's rise of 4.79%. It also outperformed the market over the past one quarter, gaining 60.06% to Sensex's gain of 15.12%. The company's current equity share capital is Rs 236.50 crore. Face value per share is Rs 10. At the current price of Rs 2,502.10 the…

BGR Energy Systems spurts on debut

BGR Energy Systems spurts on debut BGR Energy Systems was trading at Rs 897.90 on BSE at 10:08 IST, at a premium of 87.06% over IPO price of Rs 480. Meanwhile BSE Sensex was down 92.32 points or 0.45% to 20369.60. The stock debuted at Rs 801, a premium of 66.87% over the IPO price. It touched a high of Rs 940 and a low of Rs 801 so far during the day. On BSE, 11.98 lakh shares were traded on the counter. The company had priced the IPO at the top end of the Rs 425-480 IPO price band. At the current price of Rs 897.90, the PE multiple works out to 242.67 based on the 18 months ended March 2007 annualised EPS of Rs 3.70. BGR Energy Systems IPO had ended on 12 December 2007 with 119.54 times subscription. The qualified institutional buyers (QIBs) category was subscribed 161.67 times, the non institutional investors category was subscribed 153.08 times and the retail investors category was subscribed 46.89 times. BGR Energy Systems is a supplier of systems and equipment for …

Blockbuster IPOs: Orbit Corp, Everonn, MIC Electronics

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2008-01-01 17:00:08 Source : moneycontrol.com 2007 was a MALAMAAL year for investors and record-breaking year for markets. Sensex with a return of 47% outperformed most of the major Asian and other global markets. IPOs were not behind in this race and gave some bumper returns to the investors. Companies raised more than Rs 45,000 crore from capital markets in 2007, which was 80% more than the money raised in 2006.FIIs were one of the key drivers for the growth shown by the secondary market as well as primary market. FIIs pumped in huge money and invested nearly USD 17 billion. FIIs flow in Indian markets was robust and is expected to remain strong in forthcoming years.103 companies got listed in 2007, out of which 78 companies gave good returns while the rest remained below issue price. Wealth creators among IPOs had offered more than 250%-750% returns since their listing, which includes Orbit Corp, Everonn Systems, MIC Electronics, GBN, Allied Digital, Vishal Retail etc. N…