Re: {LONGTERMINVESTORS} Market buzz, Whispers, Rumours, Heard on the street...Thread.

[Rajesh Desai]

Bombay Dyeing is the top loser in BSE mid-cap index, down 8.8 pct to 104 rupees

On Thu, Jan 24, 2013 at 4:11 PM, Rajesh Desai <stock...@gmail.com> wrote:

http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/ivrcl-plunges-as-nhai-consultants-murder-reports-surfaces/articleshow/18164913.cms

MUMBAI: Shares of infrastructure company IVRCL BSE -19.81 % were hammered down as reports of murder of Paulose Thomas, an expert consultant with Nationa

l Highways Authority of India (NHAI) surfaced. 

Thomas was entrusted to oversee construction quality of work on the four/ six-laning of NH 47, from Chengapalli near Coimbatore to Walayar on the Tamil Nadu-Kerala border being being undertaken by IVCRL Chengapalli Tollway Ltd. 

According to reports, Thomas was found dead at his Coimbatore apartment over a month and half ago. What prima facie appeared to be a cardiac arrest or a suicide has now emerged as a case of murder on the basis of autopsy reports. 

Even as there is no concrete proof of involvement of IVRCL in the case, investors were in no mood to hold on to the stock.

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CA. Rajesh Desai

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CA. Rajesh Desai

[Rajesh Desai]

Shares in Steel Authority of India Ltd fall 3.9% on worries the government's planned stake sale will have to happen at a discount to attract interest as there are concerns about the company's earnings outlook.

Citigroup last week downgraded SAIL to "sell", noting downside risks to volumes, uncertainty on wages and its dependence on the domestic market, where steel prices may not rise as much as in global markets.

The government is planning to sell a stake in SAIL and other state-run companies including NTPC Ltd in February and March.

Dealers also speculate SAIL could post lower-than-expected margins in the October-December quarter.


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CA. Rajesh Desai

[Rajesh Desai]

SKS Microfinance touches the roof on concluding two microfinance securitization transactions

SKS Microfinance is currently trading at its upper circuit level of Rs. 145.75, up by 13.25 points or 10.00% from its previous closing of Rs. 132.50 on the BSE.

On Mon, Feb 11, 2013 at 12:09 PM, Rajesh Desai <stock...@gmail.com> wrote:

Oil India shines on the buzz of plan to acquire Videocon’s stake in Rovuma Basin
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CA. Rajesh Desai

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CA. Rajesh Desai

[Rajesh Desai]

(Reuters) - Sistema's (SSAq.L) Indian mobile phone unit, the sole participant in a sale of cellphone airwaves in India, won airwaves in eight telecommunication zones for 36.39 billion rupees, two sources with direct knowledge said.

Sistema Shyam TeleServices, which saw its permits revoked in 21 service areas after the Supreme Court ruling due to a scandal-tainted process in 2008, had earlier said it would cease operations in 10 zones and bid in select areas.

On Sun, Mar 10, 2013 at 1:32 PM, Shashikala Waghmare <waghmar...@gmail.com> wrote:

Deepak Nitrite can move to about Rs 320 in next 12 months, says SP Tulsian, sptulsian.com. 
 
Tulsian told CNBC-TV18, " Deepak Nitrite  is leading maker of organic, inorganic, fine and speciality chemicals. Lately this company has moved into high margin products, which are catering to pharma, rubber, colourants and imaging products, paper products and so many other industries where this chemical is used."
 
He further added, "They have five plants in India predominantly in Gujarat, Karnataka and Maharashtra. If I go by their financial performance for nine months, they had posted a top line of Rs 710 crore, while this was at Rs 790 crore for whole of FY12. However, the operating profit is remaining same for both the periods. For nine months the operating profit is at Rs 37 crore, which was also at Rs 37 crore for whole of FY12."
 
"What I liked about the company is that they have improved their profit after tax (PAT) because of control on cost and all that. And EPS has been at Rs 27 for nine months against Rs 22 for whole of FY12. Company paid a dividend of 60 percent for FY12. So if I go by the present trend the EPS of Rs 27, which they have posted for nine months has been identical in all three quarters closer to Rs 8.50 to about Rs 9.50."
 
"One can safely assume that the company is likely to post an EPS of closer to Rs 8 at least for Q4 which will take the EPS to about Rs 35 for FY13. However, now the focus has shifted on high value high margin products, I am expecting the company to post an EPS of Rs 40 plus for FY14."
 
"If I go by the present share price the share is ruling at 6.5-7 times and even the book value of the share as on December 31 has been at about Rs 270. So considering the track record, the equity is quite low, they have an equity base of less than Rs 11 crore. So if I go by the track record and improvement in profits, these chemical companies are ruling at a low PE multiple. However, in this case with the increase in the bottom-line, increase in margin one can expect PE to get applied at about Rs 9 or so. So taking all this into account, I am expecting that stock can move to about Rs 320 in next 12 months or so."
 
Disclosure: No holding or interests in above stock.

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CA. Rajesh Desai