News
Gandhi Kutir
Nifty - Bounce back from anticipated Support Levels - Likely to face
Resistance @ 4095-4110
Falling Oil Prices !!!! - Oil /Petro/ Auto/ Manufacture Stocks to rise
Further
CAUTION - Volatile Days Ahead /Book EST Profit to Re-Enter Next week
* ASHOK LEYLAND !
Highly Oversold and Ripe for Technical Recovery to 38.25-38.50 / Buy
Gradually on declines
* SATYAM COMP !
Bearish But Oversold in Hourly Charts - EST Charts favour Recovery to
456 and 468
* INDIA CEMENT !
Mildly Bullish in Extreme Short Term Charts - Another Close above 184
will Target 191-192 in Few Hours
* RELIANCE CAPITAL !
Intraday Bullish Targets of 800+ Achieved / EST Charts favour further
Rise to 825+
* TATA STEEL !
Minor Resistance @ 565-566 / Bullish Crossover with Volumes to Target
580+ in Near Term
* PARSVNATH !
Short Term resistance @ 322-325 / Bullish Breakout withVolumes will
Target 337+ in Near Term
* HIND LEVER !
Enters Oversold Zones in Hourly Charts - Buy Gradually on declines
with SL for EST Target of 197+
* INFOSYS !
Giving Bullish Indications in Hourly Charts - Use Corrective Declines
to Buy with SL for Target of 2007-2010
* APTECH TRAINING !
Bullish Pattern in Making - Likely to Cross 326-328 in Few Hours
* TATA MOTORS !
EST Resistance at 727-728 - Bullish Crossover to target 742-744 in Few
Hours
* H T MEDIA !
On Verge of Bullish Breakout in Daily Charts - Another Close above 198
will Target 215-218 in Few Days
(From KTP090507)
* ALOK IND !
Mildly Bullish in Hourly Charts - Likely to touch 66.50-67 in Near
Term
* S U Z L O N !
Short Term Resistance @ 1255 - Bullish XCrossover with Volumes will
Target 1330-1335
* MAH & MAH !
Highly Oversold in Hourly Charts - EST Charts favour of Technical
Recovery to 572 and 585
* 3 I INFOTECH !
Breakout from Bullish Pattern - Likely to Cross 310+ in Few sessions
* UNIPHOS !
Highly Oversold in Extreme Short Term Charts - Buy gradually on
Declines with SL for target of 312+
(From KTP090507)
* HIND ZINC !
Highly Oversold in Hourly Charts - Buy Gradually on declines with SL
for Target of 720+
* ERA CONST. !
Extreme Short Term Charts in favour of rise to 365-368 / Buy Gradually
on declines with SL
* MID DAY MULTIMEDIA !
Highly Oversold in Extreme Short Term - Buy gradually on Declines for
Target of 47.25-47.50
* DCM SHRIRAM CONSOL. !
Bearish Breakout in Daily Charts - Indicators Favour further decline
to 65-67 in coming Days
* GOLDSTONE TECH !
Breakout From Bullish pattern in Daily Charts - All set to Cross 90
and 95+ in coming days
(From KTP070507)
* N D T V !
Short Term resistance @ 360 - Bullish Crossover with Volumes to target
400+ in coming Sessions
* PARAMOUNT COMM. !
Breakout from Bullish Pattern in Daily Charts - Indicators are in
favour of Rise to 36-37 in Few Days
* KALYANI STEEL !
Short Term Charts in favour of Rise to 425-427 in Few Sessions - Buy
on declines
* UNITECH !
On Verge of Highly Powerful Breakout - Likely to Cross 550+ on
Confirmation
Gandhi Kutir
Market went up and closed down in negative - why
What was considered to be a good market when it started , finally
closed down by 10 points or so , The 30-share BSE Sensex lost 10.28
points, or 0.07%, to 13,771.23.The sharp fall happened only at the end
of the market before that the Sensex had moved between 13,920 to
13,960, which was a gain of about 140 to 180 points for the day.The
reason that is hovering around is the results of the election results
from uttar pradesh tomorrow and also subdued and weak European market
which made the market worry.
Prathiba industries bags order worth 222 crores
Pratibha Industries Ltd has won a contract from Municipal Corporation
of Brihanmumbai for construction of a Tunnel and allied works at Modak
Sagar for transportation of water in joint venture of Ostu - Stettin
Hoch u Tiefbau GmbH, an Austrian Company. The value of the contact is
Rs 222.52 crores. the project is going to be executes in 4 years and
this is second order in a row.
Feds keep the benchmark rates unchanged at 5.25 percent
The Federal Reserve has kept the benchmark rates unchanged at 5.25%
and raised concerns on raising inflation.
Gandhi Kutir
Dividend declared for May 11th 2007 -
Hero Honda declares 850 percent dividend 500110 Chennai Petroleum
Corporation Ltd. Equity 120 % Dividend
524709 Nagarjuna Agrichem Ltd Equity 20 % Final Dividend
532718 Pratibha Industries Ltd. BC 13/06/2007 Equity 20% Final
Dividend
532653 IL&FS Investsmart Limited BC 20/07/2007 Equity 25% Dividend
503960 Bharat Bijlee Ltd., Equity 250 % Dividend
500213 International Travel House Ltd Equity 30 % Dividend
500067 Blue Star Ltd BC 25/07/2007 Equity 30% Dividend
523708 EIMCO Elecon India Ltd., Equity 35 % Dividend
500280 Century Enka Ltd., BC 15/06/2007 Equity 60% Dividend
500109 Mangalore Refinery & Petrochemicals Equity 8 % Dividend
500182 Hero Honda Motors Ltd. Equity 850 % Dividend
HSBC Advantage india fund and Principal large cap fund declares
dividend
Principal Large Cap Fund (D) fixes Book closure as 15/05/07 for 1.5 rs
per unit Dividend
HSBC Advantage India Fund (D) fixes Book closure as 11/05/07 for 1.0
rs per unit Dividend
Suryachakra Power IPO gets nod from SEBI
Company Synopsis
The Company is actively engaged in generation of power in line with
the National Policy. The company had set up 20 MW Power Plant in a
remote area near Port Blair, in Andaman Islands at a project cost of
Rs. 850 millions. In just 2 years of operation of the plant, company
has achieved an annual turnover of Rs.800 millions and targeted to
touch the magic figure of Rs.1 billion shortly.
IPO Details :
The Company had a nod from sebi for issue of 3.4 crore equity shares
of Rs 10 each through the book building route.The fund is going to be
used for investments in MSM Energy which is a subsidiary of
Suryachakra Power.
Insecticides IPO subscribed by 1.97 times
Insecticides IPO subscribed only by mere 1.97 times , they are into
manufacturing and distribution of plant protection chemicals and house
hold pesticides, Retail portion is subscribed by almost 5 times.
India's Inflation is at 5.66 percent .10 percent less that previous
data
India's wholesale price index rose 5.66% in the 12 months to 28 April
2007, lower than the previous week's increase of 5.77% per annum due
to a decline in some food prices.This helped all bank stocks to soar
on Friday.
India's industrial production raises - Helped the market to change its
track during closing
India's industrial production rose 12.9% per annum in March 2007, from
a year earlier, higher than downwardly revised annual growth of 10.8%
in February, due to strong manufacturing output, government data
showed on Friday, 11 May 2007. Analysts had forecast annual industrial
output growth of 10.40%.
Gandhi Kutir
State bank of india declares Quarter results - Beat expectation
SBI (Stata Bank of India) has announced its quarter four 2007 results
and annual results. Its Q4 net profit was up 75% at Rs 1493.2 crore
versus Rs 853.3 crorein Q4 of last fiscal. The banks FY07 net profit
stood at Rs 4541.3 crore versus Rs 4406 crore in FY06, up 3%.
Net Interest Income
>Q4 Net interest income of the bank was up 21.5% at Rs 4320.1 crore versus Rs 3554.6 crore, YoY.
>Its FY07 Net interest income was up 2.7% at Rs 16054 crore versus Rs 15635.6 crore, YoY.
Other Income
The Q4 provisions of the bank was up 5.5% at Rs 1412 crore versus Rs
1339 crore, YoY. Other income in Q4 was up 8.1% at Rs 2894.3 crore
versus Rs 2677 crore.
PowerYourTrade get a new look and feel
Poweryourtrade.com a flagship website of moneycontrol.com and CNBC
TV18 has a new look and feel and more real estate , Its paid service
from Moneycontrol.com where you can get latest info on the market
results and everything and also daily market recommendations from so
called technical analyst.
Television Eighteen and infosys together brings Source 18
Television Eighteen India together with Infosys BPO announced a
strategic alliance with TV 18 Group, India's leading full play media
conglomerate to launch SOURCE 18. SOURCE 18 will provide a full
Spectrum of services to Media and Entertainment companies globally.
DMC International recommends bonus issue in the ration of 1 is to 1
DMC board recommended the issue of bonus shares to the shareholders of
the Company in the ratio of one equity share for every one equity
share held in the Company by capitalization of the Share Premium
Account of the Company.
Dividend declared on April 14th 2007 505665 ABC Bearings Ltd. 40 %
Dividend
532633 Allsec Technologies Ltd. 50 % Dividend
518091 Anjani Portland Cement Ltd. 10 % Dividend
500019 Bank Of Rajasthan Ltd. 20 % Dividend
503960 Bharat Bijlee Ltd., BC 18/06/2007 250% Dividend
500085 Chambal Fertilisers & Chemi 18 % Dividend
500097 Dalmia Cement (Bharat) Ltd. BC 16/06/2007 50% Final Dividend
504008 EMCO Ltd., 50 % Dividend
532737 Emkay Share & Stock Brokers 12.5 % Dividend
532787 ESS DEE Aluminium Limited 20 % Dividend
500160 GTL Ltd BC 13/06/2007 25% Dividend
506522 J.L. Morison (India) Ltd., 25 % Dividend
500253 Lic Housing Finance Ltd. 30 % Final Dividend
531213 Manappuram General Finance 18 % Dividend
532522 PETRONET LNG LTD. BC 1/6/2007 12.5% Dividend
532784 Sobha Developers Ltd. BC 4/8/2007 55% Dividend
500112 State Bank Of India, BC 15/06/2007 140% Dividend
505854 TRF Ltd BC 22/06/2007 60% Dividend
509960 U.P. Hotels Ltd., 20 % Dividend
500575 Voltas Ltd., 100 % Dividend
532144 Welspun -Gujarat Stahl Rohr 20 % Dividend
500780 Zuari Industries Ltd., BC 24/05/2007 25% Dividend
Bank of Rajasthan declares Bonus and Dividend
Bank of Rajasthan Ltd has recommended Bonus and Dividend and as
informed the exchanges as hereby
1. Recommended a dividend of 20% for the year 2006-2007.
2. Recommended issuing bonus shares in the ratio of one equity shares
for every four equity shares held to the existing shareholders who
holds the shares on record date.
Bonus of (1:4 shares)
Sobha Developers Results - Announced fy07 q4 results
Sobha Developers has announced its FY07 Q4 result. reported Q4 net
profit of Rs 61.9 crore versus Rs 45.7 crore, QoQ and net sales in Q4
was up at Rs 357 crore versus Rs 297.6 crore, QoQ.
LIC Housing Finance declared Q4 2007 results
LIC Housing Finance has announced its Q4 and annual results. Its
Q4FY07 net profit was up at Rs 89 crore versus Rs 41 crore, YoY.Its
FY07 net profit was up at Rs 279 crore versus Rs 208 crore, YoY.I had
recomended this in the previos quarter itself , the real estate market
booming like anything retailers would have applied for housing loan a
lot that would have helped LIC and SBI a lot .Stock already trading
today up by 6 percent.
Punjab Lloyd wins project worth 123 crores from gail
Punj Lloyd wins a contract from GAIL (India) for executing a contract
for Phase II of Panvel Dabhol Pipeline Project.Which is valued for Rs
122.65 crores.
Gandhi Kutir
RTS Power Corporation secures order worth 18 crore
RTS Power Corporation has announced that the Company has bagged new
Orders worth Rs 182.50 Million in its Power & EHV Units at Jaipur for
the supply of Power Transformers from Power Utilities .
Jaihind Projects wins order from GAIL for 153 crores
Jaihind Projects Ltd informed that Jaihind Projects consortium has
bagged order of Rs 153 Crores in from GAIL for executing Dabhol Panvel-
Pipeline Project (Phase-II)-Part-A.
Gandhi Kutir
Senses reaches past 3 week high on straight second day
Market rose today also and at 12.01 pm market is almost high by 180
points , Firm global markets have been aiding the rally in the Indian
markets. From a recent low of 13,771.23 on 10 May 2007, the Sensex
gained 356.08 points, or 2.58%, to 14,127.31 on 16 May 2007 in four
trading sessions.
Bhagwati Banquets and Hotels listed today on the Bourses
Bhagwati Banquets and Hotels listed today on the Bourses at 46 rs
against the issue price of 40 rs and wnet to a high of 49 rs.
ICICI Bank IPO - ICICI BANK FPO to raise Rs 20,125 cr via FPO
ICICI Bank is planning to raise over 20000 crore through Follow on
Public Offer of equity shares and American Depository Shares for
augment their capital base to meet their future capital adequacy and
to meet requirements arising out of growth in their businesses and for
other general corporate purposes.and for the same they have submitted
the red herring prospectus with SEBI.
Gandhi Kutir
Decolight Ceramics Ltd IPO opens on May 24th 2007
Issue Snapshot
Issue Size : 8045555 (Number of Shares)
Par value : Rs45.00 to 54.00
Offer Price : Rs 45.00
Open Date : 24-05-2007
Close Date : 29-05-2007
Aggregate : N.A.
Lead Manager: IDBI Capital Market Services Ltd
Listing : Mumbai
Minimum Application : 100.00
Post Equity Capital : 0
Registrar : Intime Spectrum Registry Ltd
Promoters : Girishkumar M Pethapara Kantibhai M Pethapara Jayantilal M
Pethapara Hansaben G Pethapara Hemalkumar G Pethapara
Baja Auto forms two subsideries Bajaj Holding and Investment and Bajaj
Finserv limited
Key elements of the Scheme
1. BAL has formed two subsidiaries viz.
i. Bajaj Holdings and Investment Ltd (BHIL)
Shares under BHIL - 43.5 million shares of Rs 10 each i.e. Rs 435.0
million.
Business:
The auto business of the Company along with all assets and liabilities
pertaining thereto, including investments in PT Bajaj Auto Indonesia
and in a few vendor Companies, would be transferred to BHIL. In
addition a total of Rs 15,000 million in cash and cash equivalents
would be transferred to BHIL.
ii. Bajaj Finserv Ltd (BFL).
Shares under BFL - 43.5 million shares of Rs 5 each i.e. Rs 217.5
million.
Business:
The wind power project, investments in the insurance companies viz,
BALICL, BAGICL and investment in the consumer finance Company BAFL
along with relevant assets and liabilities would be transferred to
BFL. In addition a total of Rs 8,000 million in cash and cash
equivalents would be transferred to BFL.
2.What is Bajaj Auto going to hold ?
The remaining assets and liabilities including investments in group
Companies and balance cash and cash equivalents would be retained in
the existing BAL.
3.Finally what is Bajaj Auto going to be renamed as and what else is
going to be renamed to Baja Auto?
As part of the Scheme, Bajaj Holdings and Investment Ltd (which would
be the new auto Company) would be renamed as Bajaj Auto Ltd and the
existing Bajaj Auto Ltd would be renamed as Bajaj Holdings and
Investment Ltd, (which would act as the primary investment Company).
Requisite changes would be made in the respective charter documents of
these companies.
4.What will Shareholders of Bajaj Auto will get now .
All shareholders in existing BAL on the record date would become
shareholders in each of the new Companies and would be issued shares
of the two new Companies in the ratio 1:1.
After such issuance, each shareholder would, for every share held in
existing Bajaj Auto Ltd.
a. continue to hold. one share of BHIL (existing BAL) of face value of
Rs 10 each fully paid up.
b. be allotted one share of the new BAL (existing BHIL) of face value
of Rs 10 each filly paid up and
c. be allotted one share of BFL of face value of Rs 5 each fully paid
up.
Finally 100 shares of existing baja auto will get totally 300 shares
of 3 company each company 100 shares.
Bharti AirtelLifetime prepaid at lowest price of 495 rs only
Bharti Airtel Ltd in a race to reliance communications various plans
that was introduced in a week time has announced that the Company on
May 17, 2007 has introduced its popular Lifetime Prepaid at a lower
price point of Rs 495/- only. The Company is the first mobile services
provider in the country to offer Lifetime Prepaid at this price point.
So we will see how much of the subscribers base Airtel is trying to
acquire.
Dabur to call its retail store as H & B stores
Dabur's entry into retail business, Dabur India Ltd has informed that
a wholly owned subsidiary with the name "H & B Stores Ltd" has been
incorporated with the office of Registrar of Companies on May 14,
2007.So Dabur is also in the race to capture retail market pie , will
see if it eats the pie or ?.
Dividend Announcement - May 17th 2007 - Tata Steel ,Bajaj Auto ,
Voltas and more
500034 Bajaj Auto Finance Ltd. 30 % Dividend
500380 JK Lakshmi Cement Limited 10 % Dividend
500408 Tata Elxsi Ltd BC 17/07/2007 70% Dividend
500470 TATA STEEL LIMITED 130% for the year 2006-07 and special
dividend of 25% on occasion of the Cenetenary year of the company.
500490 Bajaj Auto Ltd 400 % Dividend
500575 Voltas Ltd., BC 10/7/2007 100% Dividend
500710 ICI India Ltd., Dividend Rs.7 + Special Dividend Rs.20 = Rs.
27 Dividend per share.
505412 Wendt (India) Ltd., BC 10/7/2007 175% Dividend
506767 Alkyl Amines Chemicals Ltd., 22 % Dividend
506943 J.B. Chemicals & Pharmaceuticals Lt BC 16/07/2007 75% Final
Dividend
512296 Bhagyanagar India Limited 30 % Dividend
513250 Jyoti Structures Ltd., BC 21/06/2007 30% Dividend
517146 Usha Martin Ltd. 75 % Dividend
532419 D-Link (India) Ltd. 100 % Dividend