Posts

Showing posts from February 3, 2008

stocks to add on further correction

i would like to add following stocks in case there is further reactions .

1- atlas copco around 1100,

2- revathi equipments  around 800/850

3- kirl pneumatics around 500/525,

4- HCC around 145

5- hind dor 125,

6- jmc projects 300,

7-first leasing around 48,

8- pratibha industry 275,

9- psl  around 300,

10. gammon india 400/425,

11, ifci around 50,

12 karntaka bank 220 or so,

13 central bank 95

14 jaihind project 120.

15- indian hume pipes 700.
16- DIC INDIA  160. 17. KCP <500 18. ICSA India @Market 19. KLG Systel 20. Yuken @200 21. Suzlon @300 and accumulate @250 or less 22. Patel Integrated Logistics 23. West Coast Paper 24. Rolta @250 25. Kesoram Industries, Grasim, Orient Paper, Birla Corporation (Entire Birla pack is in accumulate zone)

Infosys leads gainers in BSE IT index

Five stocks in BSE IT index rose between 2.49% to 5.06%. At 14:05 IST, the BSE Sensex was down 24.19 points or 0.14% at 17,502.74. The BSE IT index outperformed the Sensex, rising 4.23% at 3,862.20, mirroring a rebound in US market on Thursday, 7 February 2008. The index lost 9.5% in last three days till Thursday, 7 February 2008, at 3,705.30 from 4,097.61 on 4 February 2008. The BSE IT index had outperformed the market in the one month to 7 February 2008, falling 12.93% as against the Sensex's 16.02% decline. It had, however, underperformed the market in the past three months, falling 12.88% against the Sensex's 7.30% slide. Among the IT index gainers, Infosys Technologies soared 5.06% to Rs 1,555.90, Rolta India jumped 4.40% to Rs 289.70, Satyam Computers flared up 4.39% to Rs 408, TCS moved up 3.40% to Rs 913 and Wipro rose 2.49% to Rs 420.05. Indian IT firms derive more than half of their revenues from US market

Firstsource Solutions hardens on new contract

Firstsource Solutions gained 1.88% to Rs 51.35 at 10:49 IST on BSE, after the company said it has signed a five year outsourcing partnership agreement with Barclays PLC, United States for its credit card business. The company made this announcement before trading hours today, 8 February 2008. Meanwhile, BSE Sensex was down 136.46 points or 0.78% to 17,390.47. On BSE, 1.87 lakh shares were traded in the counter. The scrip had an average daily volume of 6.40 lakh shares in the past one quarter. The stock hit a high of Rs 53 and a low of Rs 51.10 so far during the day. The stock had a 52-week high of Rs 93.45 on 15 May 2007 and a 52-week low of Rs 45.40 on 22 January 2008. The mid-cap scrip had underperformed the market over the past one month till 7 February 2008, declining 33.42% compared to the Sensex's decline of 16.02%. It had also underperformed the market in the past one quarter, declining 25.06% compared to Sensex's decline of 7.30%. The company's curre…

lic housing finace ltd --strong buy

Feb 08, 2008KRC Investment IdeasLIC Housing Finance Ltd.(BSE CODE:500253)CMP 6 Months Target RecommendationRs 284Rs 340BuyLIC Housing Finance (LICHFL) was promoted by Life Insurance Corporation of India with equity participation from UTI, ICICI and IFCI. LICHFL and National Housing Bank (NHB) have been the major sources of finance. The company is engaged mainly in granting housing loans to individuals. It also provides finance to agencies engaged in construction of houses/flats for residential purposes.The LICHFL is the second biggest market player for housing loans. The housing loans market is perhaps the least risky segment in the financial sector. It has the largest reach in the country with a network of 6 Regional offices, 115 Area Offices, 48 Permanent Extension Counters and nearly 100 Camp Offices operating on fixed dates throughout the country. The company has established Real time online connectivity for on-tap information, the company invested significantly for inter-connecti…

Arvind Mills gains on demerger buzz

Arvind Mills gained 4.64% to Rs 55.30 at 12:53 IST on BSE, on reports the company plans to hive off its retail and branded segments into two separate companies. Meanwhile, BSE Sensex was down 41.98 points or 0.23% to 18,097.51. On BSE, 25.34 lakh shares were traded in the counter. The scrip had an average daily volume of 26.37 lakh shares in the past one quarter. The stock hit a high of Rs 56.90 and a low of Rs 53.70 so far during the day. The stock had a 52-week high of Rs 93.50 on 31 December 2007 and a 52-week low of Rs 35 on 22 January 2008. The small-cap scrip had underperformed the market over the past one month till 6 February 2008, declining 36.86% compared to the Sensex's decline of 13.10%. It had also underperformed the market in the past one quarter, declining 23.24% compared to Sensex's decline of 4.82%. The company's current equity is Rs 209.38 crore. Face value per share is Rs 10. The current price of Rs 55.30 discounts its Q3 December 2007 annu…

Smooth sailing for SCI on diversification buzz

Shipping Corporation of India gained 3.46% to Rs 232 at 11:48 IST on BSE, on reports the company is likely to invest $600 million to $800 million for its foray in shipyards. . Meanwhile, BSE Sensex was down 7.65 points or 0.04% to 18,131.84. On BSE, 42,361 shares were traded in the counter. The scrip had an average daily volume of 2.01 lakh shares in the past one quarter. The stock hit a high of Rs 237 and a low of Rs 227.80 so far during the day. The stock had a 52-week high of Rs 332 on 3 January 2007 and a 52-week low of Rs 151 on 5 March 2007. The mid-cap scrip had underperformed the market over the past one month till 6 February 2008, declining 26.04% compared to the Sensex's decline of 13.10%. It had outperformed the market in the past one quarter, declining 0.38% compared to Sensex's decline of 4.82%. The company's current equity is Rs 282.30 crore. Face value per share is Rs 10. The current price of Rs 232 discounts its Q3 December 2007 annualized EP…

Simplex Castings speeds up on new order win

Simplex Castings surged 5.91% to Rs 78 at 10:47 IST on BSE, after the company said it has secured an order worth Rs 14 crore from Ministry of Railway, Government of India for supply of coco bogies. The company made this announcement before trading hours today, 7 February 2008. Meanwhile, BSE Sensex was down 56.20 points or 0.31% to 18,083.29. On BSE, 10,269 shares were traded in the counter. The scrip had an average daily volume of 16,351 shares in the past one quarter. The stock hit a high of Rs 82 and a low of Rs 74 so far during the day. The stock had a 52-week high of Rs 113.30 on 13 December 2007 and a 52-week low of Rs 31 on 9 March 2007. The small-cap scrip had underperformed the market over the past one month till 6 February 2008, declining 24.62% compared to the Sensex's decline of 13.10%. It had also underperformed the market in the past one quarter, declining 7.18% compared to Sensex's decline of 4.82%. The company's current equity is Rs 6.02 cror…

L&T plans to build ship engines, looking for mega shipyard site

It has started scouting for land on the west coast; to buy 500 acres more near proposed hub at Kattupalli yard.
India's biggest engineering and construction firm, Larsen and Toubro Ltd (L&T), which has already announced an entry into the shipbuilding business, is now looking to start making engines for ships and other components that go into ships.

Much like in the shipbuilding business, there is currently a boom in the global ship-components business with demand far exceeding supply. Apart from entering this business, L&T, which ventured into shipbuilding in 2006, has started scouting for a suitable site for a mega shipyard on the country's west coast, said a person familiar with the development who did not wish to be named before an announcement on the same.

An L&T spokesperson declined to comment. In early January, the Tamil Nadu government cleared a proposal from L&T to build the country's largest shipyard at Kattupalli in Thiruvallur district …

Deepak Fertilisers soars

Deepak Fertilisers and Petrochemicals Corporation was locked at upper limit of 20% to Rs 141.20 at 14:39 IST on BSE after the company said it signed a joint venture with Norway's fertilser group Yara. Meanwhile, the BSE Sensex was down 437.92 points, or 2.35%, to 18225.24 after another negative US economic data sparked fears the world's largest economy may face recession. On BSE, 4.85 shares of the scrip were traded. The stock had an average daily volume of 1.67 lakh shares on BSE in past one quarter. The scrip had touched a low of Rs 112.25 so far during the day. The stock had hit a 52-week high of Rs 178.25 on 2 January 2008 and a 52-week low of Rs 75.30 on 6 March 2007. The scrip had underperformed the market in the one month to 5 February 2008, sliding 28.38% as against the Sensex's 10.33% decline. It had also underperformed the market in the past three months, falling 13.87% against the Sensex's 3.25% slide. The mid-cap fertilizer firm has an equity…

GMR Infrastructure sinks after overseas acquisition

GMR Infrastructure declined 4.45% to Rs 179.45 at 12:28 IST on BSE, after the company said its wholly owned subsidiary GMR Infrastructure (Mauritius) has acquired Delridge in Cyprus and its name has been changed to GMR Infrastructure (Cyprus). The company made this announcement during trading hours today, 6 February 2008. Meanwhile, BSE Sensex was down 618.08 points or 3.31% to 18,045.08 as Asian markets tumbled after another recessionary piece of US economic data sent Wall Street shares down nearly 3% on Tuesday, 5 February 2008. On BSE, 19.04 lakh shares were traded in the counter. The scrip had an average daily volume of 37.66 lakh shares in the past one quarter. The stock hit a high of Rs 181.80 and a low of Rs 175.30 so far during the day. The stock had a 52-week high of Rs 268.70 on 6 December 2007 and a 52-week low of Rs 65.43 on 3 April 2007. The large-cap scrip had underperformed the market over the past one month till 5 February 2008, declining 24.53% compared…

Steel stocks slide

Five steel stocks declined by 0.18% to 2.40% on BSE after the Government termed the recent price hike by steel companies as unreasonable and said that it would review the move by 15 February 2008. Tata Steel fell 2.40% to Rs 783.50, JSW Steel declined 2.02% to Rs 1,127.80, Steel Authority of India (Sail) slipped 1.69% to Rs 226.80, Bhushan Steel skid 0.71% to Rs 1112, Jindal Stainless shed 0.18% to Rs 169. However, Ispat Industries was up 0.68% to Rs 44.50. As at 12.06 IST, the BSE Sensex was down 94.78 points, or 0.51%, to 18,565.54 as Asian stocks slipped after a wave of broker downgrades on Wall Street on Monday, 4 February 2008, sparked fresh worries about the health of the US financial sector. The BSE Metal index was down 0.65% to 16,331.20. The BSE Metal index had underperformed the market in the one month to 4 February 2008, falling 19.01% as against the Sensex's 9.80% decline. It had also underperformed the market in the past three months, slipping 4.46% agai…

Hike in FII ceiling electrifies PTC India

PTC India jumped 7.35% to Rs 130.80 at 14:30 IST on BSE after the Reserve Bank of India allowed the foreign investors to invest upto 60% of the paid up capital in the company. Meanwhile, the BSE Sensex was up 32.88 points, or 0.19%, to 18697.07. On BSE, 13.59 lakh shares of the scrip were traded. The stock had an average daily volume of 9.76 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 132 and a low of Rs 120.25 so far during the day. The stock had hit a 52-week high of Rs 201.70 on 4 January 2008 and a 52-week low of Rs 53.45 on 28 February 2007. The scrip had underperformed the market in the one month to 4 February 2008, falling 36.47% as against the Sensex's 9.80% decline. It had also underperformed the market in the past three months, slipping 24.18% against the Sensex's 3.82% slide. The mid-cap energy trading firm has an equity capital of Rs 227.42 crore. Face value per share is Rs 10. At the current price of Rs 130.80, the scr…

BUY PUNJLLOYDS

BUY PUNJLLOYDS
Punj Lloyd took a hit on its bottom line last quarter due to project delay and cost overrun. However, the markets have reacted more than necessary considering the strong order-book the company enjoys.

Punj Lloyd's management expects to settle these losses once the projects get over by March-April 2008. In that case, losses may get reversed. Kotak expects blended operating margins to be around 9% in FY08 and expect it to improve to 10.3% in FY09 and 11% by FY10.

The company's revenues to grow at a CAGR of 39% between FY07-FY10 and profits to grow at a CAGR of 61% between FY07-FY10. At the current price of Rs.401, the stock is trading at 21.1x and 14.9x its P/E multiples on FY09 and FY10 estimates, respectively.

Sum of the parts Valuation:
Value of core business 576 At 21.5 x FY10 estimated earnings
Value of JV with Ramaprastha grp 14 At 2.5x its book value of investment






Reliance Power says to list on Feb 11

MUMBAI: Reliance Power Ltd, which raised a record $3 billion in an initial public offer last month, said on Monday it would list on the stock exchanges on February11, subject to regulatory approvals.

The company, which had attracted bids worth $190 billion, priced its offer at the higher end of Rs 450a share. It had offered 228 million shares to the public while another 32 million were bought by founders, also at Rs 450 a share.

The shares would be listed on the Bombay Stock Exchange and National Stock Exchange, the firm said. Reliance Power plans to build power plants across India using funds raised by selling the 10.1 per cent stake in the firm, which is 50 per cent owned by utility Reliance Energy Ltd .

India suffers a huge power shortage with over 400 million of its billion plus people having no access to electricity, according to the United Nations Human Development report.

Analysts say Reliance Power's IPO sucked liquidity out of the market, contributing to a d…

Prithvi Information Solutions spurts on bagging new order

Prithvi Information Solutions spurted 7.16% to Rs 329.15 at 15:22 IST on BSE after the company received an order worth Rs 309 crore for supply of transmission equipment to state-run Bharat Sanchar Nigam. Meanwhile, the BSE Sensex was up 456.56 points, or 2.50%, to 18685.11, as Asian stocks surged with sentiment boosted by Microsoft Corp's bid for Yahoo Inc and following China's buy of a large stake in takeover target Rio Tinto. On BSE, 2.58 lakh shares of the scrip were traded. The stock had an average daily volume of 1.39 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 333 and a low of Rs 308 so far during the day. The stock had hit a 52-week high of Rs 369.80 on 1 February 2007 and a 52-week low of Rs 206.25 on 24 January 2008. The scrip had outperformed the market in the one month to 1 February 2008, falling 1.29% as against the Sensex's 10.33% decline. It had, however, outperformed the market in the past three months, gaining 7.1…

Parsvnath Developers surges on diversification

Parsvnath Developers jumped 5.02% to Rs 284.35 at 15:04 IST on BSE after the company's unit Parsvnath Hotels signed a deal with a unit of ITC to develop 50 hotels across India in the next three to five years. Meanwhile, the BSE Sensex was up 328.05 points, or 1.86%, to 18571.28, as Asian stocks surged with sentiment boosted by Microsoft Corp's bid for Yahoo Inc and following China's buy of a large stake in takeover target Rio Tinto. On BSE, 10.98 lakh shares of the scrip were traded. The stock had an average daily volume of 6.25 lakh shares on BSE in past one quarter. The scrip had touched a high of Rs 291.45 and a low of Rs 274.10 so far during the day. The stock had hit a 52-week high of Rs 598 on 7 January 2008 and a 52-week low of Rs 221.60 on 7 March 2007. The scrip had outperformed the market in the one month to 1 February 2008, falling 44.15% as against the Sensex's 10.33% decline. It had also underperformed the market in the past three months, slip…

parsvnath deveopers --strong buy

Feb 02, 2008KRC Investment IdeasParsvnath Developers Ltd.(BSE CODE:532780)CMP 6 Months Target RecommendationRs. 271Rs. 350BuyTheRealEstate sector in India has a growing importancewiththe liberalisationoftheeconomyThe consequentincreaseinbusiness opportunities and migration of the labour force to towns and cities has, in turn,increased the demand for commercial and housing space.Developments inthe Real Estate ector are being influenced by the developments inthe retail,hospitalityand entertainment industries (e.g. hotels,resorts, cinema halls), community services (e.g., hospitals, schools) and IT /ITES (e.g., BPO centers), etc. and vice versa as well as owing to the factthat qualityRealEstate development prompts raising of standardsofretail, hospitality, etc Buoyant demand from the corporate world and the interest of privateequity and venture capital firms to the Real Estate sector have led to firmingof valuesacrossTier I and Tier II cities. Another majorboosterforthe growth of the Real…

walchnadnager fixed recxord date

walchandnagar fixes RD for stock split MUMBAI: Walchandnagar Industries Ltd has informed the BSE that it has fixed March 3 as the record date for the purpose of sub-division of equity shares with face value Rs 10 each into five shares of Rs 2/- each and also issue of 1:1 bonus share.

Buying on dividend yield does not always pay

Image
The trend of lower dividend payouts means that investors may not be able to count on steady cash-flow from dividends while the economy is in this growth phase.
Shanthi VenkataramanIn a volatile market such as now, should you invest in a stock for the dividend it pays? Conventional wisdom suggests you should. In a market downtrend, buying stocks of companies with a high dividend yield is considered a good defensive strategy. Dividend yield, which is dividend per share as a percentage of the market price, is a classic "value" measure that allows you to zoom in on stocks that are only temporarily out of favour, or perhaps under-priced. The dividend yield strategy has, however, not paid off very well in the last couple of years in the Indian market, except for brief phases. Growth (high PE) stocks have outperformed 'value' stocks globally. Besides, the universe of stocks offering a good dividend yield in India has also shrunk considerably. Declining yields For…

reliance power basis of allotmnet

Just a while ago allotment for Retail Section of Investors in the Reliance Power Ltd IPO was completed. We have obtained the basis of allotment of Rel Power for your reference.

All applications for more than 195 shares have got firm allotment of 15 shares. Here is the complete breakdown of allotment No of shares applied and the ratio of allotment.

15 shares applied - 2:27 [Two applicants of 27 were chosen and allotted 15 shares]
30 shares applied - 4:27
45 shares applied - 2:9
60 shares applied - 8:27
75 shares applied - 10:27
90 shares applied - 4:9
105 shares applied - 14:27
120 shares applied - 16:27
135 shares applied - 2:3
150 shares applied - 20:27
165 shares applied - 5:6
180 shares applied - 8:9
195 shares applied - 1:1 [Means 15 shares allotted Firm]
210 shares applied - 1:1
225 shares applied - 1:1 [16 shares Firm OR 17 shares in the ratio of 1:10

Siemens slips after fixing bonus issue record date

Siemens declined 2.74% to Rs 1,627.95 at 14:21 IST on BSE after it fixed 3 March 2008 as the record date for the purpose of 1:1 bonus issue. The company announced this during market hours today 1 February 2008. Meanwhile, BSE Sensex was up 316.95 points or 1.77% to 17,965.66. On BSE, 1.1 lakh shares were traded in the counter. The scrip had an average daily volume of 88,096 shares in the past one quarter. The stock hit a high of Rs 1,718 and a low of Rs 1,590 so far during the day. The stock had a 52-week high of Rs 2,250 on 23 November 2007 and a 52-week low of Rs 968 on 8 April 2007. The large-cap scrip had outperformed the market over the past one month till 31 January 2008, declining 12.78% compared to the Sensex's decline of 13.76%. It had however underperformed the market in the past one quarter, declining 12.1% compared to Sensex's decline of 11.65%. The company's current equity is Rs 33.72 crore. Face value per share is Rs 2. The current price of Rs…

reliance power ipo allotment status

check the link for reliance power ipo, i had got 16 shares for one lakh  application http://www.karvy.com/ipostatus/