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Showing posts from March 30, 2008

high devidend yield stocks

Hunting For winners Companies disbursing high dividends are good for investors looking for higher returns than bank deposits. Here's why. The 30 per cent fall in the stock market is giving to investors looking for safe returns a tough time. A small return of over 5-6 per cent post tax has become a difficult task now. 

HIGH DIVIDEND-YIELD STOCKS Company Dividend
Yield
Dividend in % 04-May 05-Jun 06-Jul Varun Shipping 6.72 30 45 45 Kanoria Chem 6.04 30 30 30 Ador Fontech 5.21 35 40 50 JBM Auto 5.1 15 20 20 Jetking Infotrain 5.09 80 50 140 ICI (India) 4.71 55 60 270 Hawkins Cookers 4.55 30 50 70 Tata Metaliks 4.46 60 60 60 Gabriel India 4.24 70 70 70 National Peroxide 4.2 70 60 70 However, a different approach to the stock market can increase returns on a stock. This brings us to high dividend-yield stocks. Such stocks give high dividends and the capital value increases when the markets turn around. Historically, such stocks are the best performers in a stable market. And, when these stocks are battered during market fall, the value of divide…

Steel firms agree to cut prices

BS Reporter / New Delhi April 04, 2008Domestic steel producers, including Tata Steel and Rashtriya Ispat Nigam Ltd, have told the government they will cut prices by Rs 2,000 a tonne on long products like TMT bars used in construction while most producers agreed to roll back prices of roofing materials like galvanised corrugated sheets by Rs 500 to Rs 1,000 a tonne. This is the second price cut by steel companies at the government's behest in the calendar year. In February, companies agreed to a cut of Rs 1,500 to Rs 2,000 a tonne but raised prices by Rs 2,000 to Rs 2,500 a tonne in March. "This is a voluntary measure but there is no assurance to increase, decrease or hold prices beyond this," said R S Pandey, steel secretary, after a meeting with major steel companies. The industry's assurance comes within a week after the inflation rate touched a 13-month high of 6.68 per cent for the week ended M…

Diversification plan fuels RIL

Reliance Industries gained 1.77% to Rs 2385 at 14:40 IST on BSE on reports it has submitted two proposals to the government totaling $7.55 billion to build semiconductor and micro-processor making units. Meanwhile, the BSE Sensex was up 43.03 points, or 0.27%, to 15,793.43 as Asian stocks edged higher after as a US jobs indicator raised hopes of a milder recession than previously feared in the world's biggest economy. On BSE, 6.30 lakh shares were traded in the counter. The scrip had an average daily volume of 9.25 lakh shares in the past one quarter. The stock hit a high of Rs 2415 and a low of Rs 2344 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 1309.55 on 3 April 2007. The large-cap scrip had outperformed the market over the past one month till 1 April 2008, gaining 1.75% compared to the Sensex's fall of 6.30%. It had also outperformed the market in the past one quarter, declining 18.06% compared t…

Ranbaxy Laboratories inches ahead

Ranbaxy Laboratories rose 0.15% to Rs 446 at 11:58 IST on BSE after the company said in collaboration with Virchow Biotech, Hyderabad, India it had launched BONISTA- Teriparatide injection for the treatment of Osteoporosis. The company made this announcement during trading hours today, 3 April 2008. On BSE, 15,152 shares were traded in the counter. The scrip had an average daily volume of 4.02 lakh shares in the past one quarter. The stock hit a high of Rs 451.95 and a low of Rs 442.75 so far during the day. The stock had a 52-week high of Rs 490 on 21 November 2007 and a 52-week low of Rs 299.90 on 22 January 2008. The company's current equity is Rs 186.58 crore. Face value per share is Rs 5. The current price of Rs 446 discounts its Q4 December 2007 annualized EPS of Rs 5.19, by a PE multiple of 85.93. Ranbaxy is the first company to launch this bio generic product in the world. The Osteoporosis segment in India has a market size of around Rs 219 crore. Virchow B…

MFs sit on huge cash pile

Banking & Finance
MUMBAI: Mutual funds (MFs) are sitting on a huge cash pile of Rs 22,908 crore, which is well placed to maintain buying interest and propel the sagging market forward, a report said. "The total cash with MFs, including cash mobilised through the recently launched NFOs to the tune of Rs 6,266 crore, stands at a healthy Rs 22,908 crore. Flush with cash, MFs are well placed to maintain buying interest and propel the market forward," Ms Mallika Baheti, Research Analyst, Sharekhan said in a research report here. The absolute cash levels for all existing equity funds rose by 17.4 per cent to Rs 16,642 crore in February 2008 from Rs 14,176 crore in January 2008. Even the cash as a percentage of the total corpus increased to 8.7 per cent in January 2008 from 7.6 pe r cent in December 2007. Rising cash levels indicate the cautious outlook of fund managers in the wake of concerns of a global slowdown and consequent dip in foreign inflows into emerging…

Speciality Papers surges on setting record date for bonus issue

Speciality Papers was locked 5% upper limit of Rs 57.75 at 10:57 IST on BSE after the company set record date for a liberal 1:1 bonus issue. On BSE, 400 shares were traded in the counter. The scrip had an average daily volume of 27,871 shares in the past one quarter. The stock hit a high of Rs 57.75 and a low of Rs 57.75 so far during the day. The stock had a 52-week high of Rs 107.50 on 18 January 2008 and a 52-week low of Rs 26 on 3 April 2007. The small-cap scrip had underperformed the market over the past one month till 1 April 2008, declining 13.11% compared to the Sensex's fall of 6.30%. It had also underperformed the market in the past one quarter, declining 34.17% compared to Sensex's decline of 23.64%. The company's current equity is Rs 3.84 crore. Face value per share is Rs 10. The current price of Rs 57.75 discounts its Q3 December 2007 annualized EPS of Rs 5.73, by a PE multiple of 10.08. Speciality Papers has fixed 16 April 2008 as the record d…

Fund raising plan fuels Reliance Petroleum

Reliance Petroleum surged 7.26% to Rs 167.60 at 15:06 IST on BSE after the company said it has executed a facility agreement to raise $500 million for the refinery project at Jamnagar, Gujarat. The company made this announcement during trading hours today, 1 April 2008. Meanwhile, the BSE Sensex was up 41.66 points, or 0.27%, to 15,686.10. On BSE, 1.06 crore shares were traded in the counter. The scrip had an average daily volume of 1.22 crore shares in the past one quarter. The stock hit a high of Rs 168 so far during the day. The stock had a 52-week high of Rs 277.55 on 2 January 2008 and a 52-week low of Rs 64.30 on 2 April 2007. The large-cap scrip had outperformed the market over the past one month till 31 March 2008, declining 10.82% compared to the Sensex's fall of 11%. It had underperformed the market in the past one quarter, declining 30.95% compared to Sensex's decline of 22.94%. The company's current equity is Rs 4500 crore. Face value per share is…

Seven gems of indian stock market

Priya Kansara / Mumbai March 31, 2008These seven companies should see their earnings double in the next three years, which in turn should positively reflect on their respective stock prices. The steep fall in stock valuations, the day-to-day gyrations in the market and increased uncertainties globally, have all sent shivers down the spine of domestic investors, while largely keeping foreign investors at bay. While there aren't any conclusive signs of market sentiments turning positive, the current scenario provides long-term investors the opportunity to take a plunge into the market and buy high-quality stocks at far cheaper valuations. Although the current turmoil is more to do with global events and to some extent due to the fears pertaining to earnings slowdown, one can still pinpoint companies capable of delivering an earnings growth of 25-30 per cent annually for the next three years. In other words,…

market khaber by c. kutumbarao---hyderabad broker

Inflation may influence markets

Market Khabar by C. Kutumba Rao

Trending with global markets, Indian indices posted th-eir biggest
weekly gains in five months during the week ended. On the BSE, the
Sensex gained 1,376 points to close at 16,371 and the Nifty on the NSE
logged 368 points to end at 4,942.

Moving in tandem with frontline indices after a long time, both the
CNX Midcap and the BSE Smallcap indices also gained eight per cent
plus. Market breadth clearly reflects that worst may be over for
present. Rise in commodity prices was seen impacting inflation
numbers. While inflation and GDP are the most talked about numbers,
market players feel fourth quarter results will determine near term
direction of markets.

Though decoupling theory has been discarded, some savvy old timers
believe that domestic consumption and investment story as far as real
economy is concerned will emerge a winner in long term. Do not be too
obsessed with global picture and focus on Q4 results and domestic
events.

With the Le…