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JK Tyre : Tyre prices to hike by 5-7%

2009-12-23T23:57:00.000-08:00

Under: Buzzing Stock, JK Tyre, stock news, Tyre prices,JK Tyre,Price Hike, stock advice, Stock CUES,

JK Tyre

Tyre prices to hike by 5-7%:

In an interview with CNBC-TV18, AK Kinra, Chief Financial Officer of JK Tyre, spoke about the increase in rubber prices and how it impacts the company. Here is a verbatim transcript of an exclusive interview with AK Kinra on CNBC-TV18.

Q: Is a tyre company like yours considering a second round of price increases?
A: This is a very natural phenomena that when the cost goes up the prices of the end products have to go up. Whenever the cost goes up, we first look at internally. So whatever can be absorbed internally we do it but when it cannot be done the prices have to go up. The way the rubber prices have gone up in a couple of week’s time, it’s been hovering around Rs 135 per kg. The price increase of the tyres is almost inevitable.

Q: What would be a commensurate increase in tyres?
A: The price of various categories of tyres will have to go up between 5-7% because the rubber price about six months back was hovering in the range of about Rs 72 to 90 per kg and now its around Rs 130-140per kg. It’s almost doubling the price of natural rubber. I think this warrants a price increase of within 5-7% of the end product prices.

Q: There have been reports that you are planning some sort of another acquisition probably in the South East Asian region. Can you confirm or deny this for us? Do you have any acquisition plans?
A: We acquired a company called Tornel in Mexico last year. We completed the transaction in June 2008. Fortunately the transaction has gone very well the turnaround came in the least possible time. In the current year the company is making profit. We are always on the look out for acquisitions but nothing has been firmed up as yet. We should be looking at something very seriously in the month’s ahead but nothing is firmed up as yet. As soon as we are able to zero in on a target we will be able to share it with the market. We are always on the look out.

Wireless subscription reaches 506.04mn during November

2009-12-23T23:54:00.000-08:00

Under: Growth, Buzzing Sector, Telecom, Telecoms sector, Wireless, BroadBand,BSNL,MTNL, PSU operators,

The number of telephone subscribers in India increased to 543.2mn at the end of November-09 from 525.65mn in October-09, thereby registering a growth rate of 3.34%. With this, the overall Tele-density in India reaches 46.32.

Wireless Segment (GSM, CDMA & FWP)

Wireless subscriber base increased from 488.4mn in October-09 to 506.04mn at the end of November-09 at a monthly growth rate of 3.61%. Wireless Tele-density stands at 43.15. Detailed statistics is at Annexure-I.

Category wise Net Additions during the Month of November 2009

Category	Net Additions
Category	Wireline	Wireless
Circle A	-55159	5215161
Circle B	-45562	7936112
Circle C	-7094	2430753
Metro	10160	2064954
All India	-97655	17646980

Wireline Segment

Wireline subscriber base declined from 37.25 Million in October-09 to 37.16 Million at the end of November-09. BSNL/MTNL, two PSU operators hold 85.35% of the Wireline market share. However, they lost 0.13 Million subscribers in the month of November-09. Overall Wireline teledensity is 3.17. Detailed statistics is at Annexure-II.

Category-wise Growth Rate in Access Service

Category	Monthly Rate of Growth (October-09 to November-09)		Yearly rate of growth (November-08 to November-09)
Category	Wireline	Wireless	Wireline	Wireless
Circle A	-0.44%	3.1%	-4.2%	47.9%
Circle B	-0.35%	4.3%	-4.1%	53.7%
Circle C	-0.22%	4.0%	-5.3%	68.8%
Metro	0.12%	2.8%	4.8%	36.9%
All India	-0.26%	3.6%	-2.3%	50.6%

Broadband (≥ 256 Kbps download)

Total Broadband subscriber base has increased from 7.40 million in October-09 to 7.57 million in November, thereby showing a growth of 2.26 %.

When Cairn India got Licence to drill

2009-12-23T23:51:00.000-08:00

Under: Cairn India Buzzing Stock, stock advice, Stock CUES, stock news, stock Updates

It was the biggest oil find in India in more than two decades. Cairn plc had succeeded where the giant multinational, Shell, had failed. The 2004 oil find in Rajasthan state’s Barmer district not only changed Cairn’s fortunes forever on the London Stock Exchange, it also made the company a darling of the Indian government. The then oil minister, Mani Shankar Aiyar, even asked the state-run Oil and Natural Gas Corp (ONGC) to take lessons from the smaller, nimbler company.

But as expectations built up over the next two years, a realisation dawned that the oil in Barmer was difficult to extract; it solidified even before it was brought up to the surface. Water availability and taking the oil to the market from the Thar were big problems. Chairman Bill Gammell realised that he had to find someone exceptional to get the best out of the prize find.

Escorts accelerates as promoter revokes pledged shares gain more than 4%

2009-12-23T23:47:00.000-08:00

Under: Escorts, Buzzing Stock, Escorts stock advice, Stock CUES, Escorts stock news, Escorts stock Updates, Escorts Announcement,

Escorts accelerates as promoter revokes pledged shares: Escorts advanced 4.19% to Rs 125.55 at 12:52 IST on BSE, after the company said one of the promoter group companies revoked a small portion of shares which it had pledged earlier

The company made this announcement during trading hours today, 24 December 2009. Meanwhile, the BSE Sensex was up 19.18 points, or 0.11%, to 17,250.29. On BSE, 11.11 lakh shares were traded in the counter as against an average daily volume of 11.34 lakh shares in the past one quarter.

The stock hit a high of Rs 126.50 and a low of Rs 121 so far during the day. The stock had hit a 52-week high of Rs 134 on 21 October 2009 and a 52-week low of Rs 31.75 on 12 March 2009. The mid-cap stock had outperformed the market over the past one month till 23 December 2009, rising 9.10% as compared to the Sensex's 0.30% rise. It had also outperformed the market in the past one quarter, gaining 29.01% as compared to the Sensex's return of 3.06%.

The company's equity capital is Rs 94.32 crore. Face value per share is Rs 10. The current price of Rs 125.55 discounts the company's Q3 June 2009 annualized EPS of Rs 9.80, by a PE multiple of 12.81. The company manufactures and exports tractors & tractor parts, diesel engines, gears, shafts, gearboxes, engine blocks, crankshafts, cylinder heads, connecting rods and spindles.

Escorts Finance Investments & Leasing, a promoter group company, has revoked 95,000 shares representing 0.10% of the equity capital of the company. Earlier Escorts Finance Investments & Leasing had pledged 39.42 lakh shares representing 4.18% stake in the company.

Escorts Finance Investments & Leasing holds 7.84% of the equity capital of the company. The total promoters shareholding in the company is 32% (as on 30 September 2009). Escorts' net profit jumped 138.7% to Rs 22.22 crore on 10.4% rise in net sales to Rs 582 crore in Q3 June 2009 over Q3 June 2008. The company will declare its Q4 results on 27 December 2009.

Fineotex Chemical plans to enter capital market IPO, IPO News, IPO UPdates,

2009-12-23T23:45:00.000-08:00

Fineotex Chemical, Fineotex Chemical, IPO, IPO News, IPO UPdates, Fineotex

Fineotex Chemical plans to enter capital market

Fineotex Chemical is planning to come out with an initial public offer to meet its proposed expansion plans. The company has filed draft paper with the Securities and Exchange Board of India (SEBI). The company plans to set up a manufacturing facility for the production of specialty chemicals with a capacity of 13,125 MT per annum in Maharashtra, according to the draft red herring prospectus (DRHP) filed with market regulator. Fineotex is likely to spend about Rs 7.14 crore towards setting up of a new manufacturing facility.

The company also wants to open its sales office in Mumbai at a cost of Rs 1.80 crore. It needs Rs 2.08 crore for working capital requirements. Fineotex group is a leading manufacturer of chemicals for textiles, construction, water-treatment, fertilizer, leather and paint industry. The company also produces adhesives used in several industries like wood and paper.

According to draft papers, the company is considering the private placement of a portion of equity shares with certain investors, prior to the completion of the issue.

Saksoft grants stock options under the Employees Stock Option Plan 2009

2009-12-23T23:40:00.000-08:00

Saksoft, Saksoft Upadetes,stock advice, Stock CUES, stock news, stock Updates, Board Meetings,

Saksoft grants stock options

the Employees Stock Option Plan 2009 to eligible employees of the company. The Decision is taken Saksoft committee meeting held on 23 December 2009. These options are convertible into equity shares of Rs.10 each at the time of exercise of the option.

Hindustan Construction up on buying interest

2009-12-23T23:38:00.000-08:00

Under: Hindustan Construction, Buzzing Stock, stock advice, Stock CUES, stock news, stock Updates Hindustan Construction, Hindustan Construction Upadtes

Hindustan Construction up on buying interest

Hindustan Construction touched an intraday high of Rs 148.45 and an intraday low of Rs 140.90. At 12:30 pm, the share was quoting at Rs 147.10, up Rs 6.65, or 4.73%.

It was trading with volumes of 977,901 shares, compared to its five-day average of 398,959 shares, an increase of 145.11%. Yesterday the share closed up 2.63% or Rs 3.60 at Rs 140.45. Hindustan Construction up on buying interest

Tata Steel can touch Rs 700: Sanjeev Prasad, Kotak Securities

2009-12-23T23:35:00.000-08:00

Tata Steel , Buzzing Stock, stock advice, Tata Steel Target, Stock CUES, stock news, stock Updates, Sanjeev Prasad, Kotak Securities, Recommendation, Target Price, Expert Advice, stock advice,

Tata Steel can touch Rs 700: Sanjeev Prasad, Kotak Securities

Prasad told CNBC-TV18, "We still like Tata Steel and we are looking at somewhere about Rs 70 earnings per share (EPS) in March ’11. I think it can be Rs 700 stock in 12-15 months. If you apply about ten times multiples you are still looking at about Rs 700 for the stock.”

He further added, “Hindalco has done above our target price and now we will have to take call as to how aluminium prices behave over next one year. We have about 2,200 as aluminium price for next year, the aluminium prices currently are slightly above that. So there could be some more scope for credits over there, but I am not too sure if they are significant ones."

Hindustan Tin , Rexam Beverage - Amendment in Joint Venture Agreement

2009-12-23T23:31:00.000-08:00

Rexam Beverage, Buzzing Stock, stock advice, Hindustan Tin Stock CUES, stock news, Hindustan Tin nes. Hindustan Tin updates, stock Updates, joint Venture, Hindustan Tin,

Hindustan Tin , Rexam Beverage
Amendment in Joint Venture Agreement

Hindustan Tin Works Ltd has informed that pursuant to the approval of its Board of Directors, the Company, Rexam Beverage Can (India Holdings) Ltd (Rexam) and the Joint Venture Company have entered into an addendum to the Joint Venture Agreement on December 24, 2009 pursuant to which the revised shareholding of the Company and Rexam in the Joint Venture Company will be 15% and 85% of the total equity share capital of the Joint Venture Company respectively.

REC FPO to hit markets in Jan-Feb 2010, REC FPO, REC FPO News, REC FPO Updates,

2009-12-23T23:29:00.000-08:00

REC FPO, REC FPO News, REC FPO Updates,

Rural Electrification Corporation REC FPO to hit markets in Jan-Feb 2010

The government will come out with a follow-on public offer (FPO) for state owned Rural Electrification Corporation (REC) in January-February 2010, a Power Ministry official has said, reports CNBC-TV18.

Earlier in November, REC CMD P Uma Shankar had also confirmed the FPO would hit market by February 2010.

The company has filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India for FPO of 171,732,000 equity shares of Rs 10 each, constituting 20% of existing paid-up capital on December 03, 2009.

Power Grid may consider FPO plan early FY11

2009-12-23T23:27:00.000-08:00

Power Grid, Buzzing Stock, Power Grid stock advice, Power Grid Stock CUES, Power Grid stock news, Power Grid stock Updates

Power Grid may consider FPO plan early FY11

Sources of Power Grid Corporation told CNBC-TV18 that the company's board is likely to take up FPO (follow-on public offering) plan early FY11.

Government will divest part of its stake with FPO.

The company had raised nearly Rs 3,000 crore from its IPO (initial public offering) in September 2007. Its issue price was at Rs 52.

At 12:23 pm, the share was trading at Rs 109.25, up Rs 3.00, or 2.82%. Its volumes jumped 190% to 958,779 shares, compared to its 5-day average of 330,511 shares. Its current market cap stood at Rs 45,981.59 crore.

Omnitech InfoSolutions allotments of equity shares & convertible warrants

2009-12-23T23:24:00.000-08:00

Omnitech InfoSolutions, equity shares allotments, Buzzing Stock, stock advice, Omnitech InfoSolutions Stock CUES, Omnitech InfoSolutions stock news, Omnitech InfoSolutions stock Updates

Omnitech InfoSolutions allots equity shares & warrants

The board of Omnitech InfoSolutions in its meeting on 22 December 2009 has approved the allotment of 8,62,000 convertible warrants and allotment of 2,77,794 equity shares pursuant to conversion of warrants.

Prism Informatics to issue preference shares of Rs. 100 each

2009-12-23T23:22:00.000-08:00

Prism Informatics, General Meeting, Prism Informatics, Buzzing Stock, Prism Informatics, stock advice, Prism Informatics Stock CUES, stock news, Prism Informatics stock Updates,

Prism Informatics
Prism Informatics to issue preference shares of Rs. 100 each

The members of Prism Informatics have authorised the board of directors for issue of 20,00,000, 4% non cumulative compulsorily convertible preference shares of Rs. 100 each at par.

This was decided at the extraordinary general meeting held on 22 December 2009.

CRISIL assigns grade 3/5 to Hathway Cables IPO

2009-12-23T23:18:00.000-08:00

Hathway Cables, IPO, CRISIL, Buzzing Stock, Rolta India, stock advice, Hathway Cables Stock CUES, stock news, Hathway Cables stock Updates

CRISIL assigns grade 3/5 to Hathway Cables IPO

CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed IPO of Hathway Cables & Datacom Ltd. This grade indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

The IPO grade assigned to Hathway reflects the current position of the company as one of the leading multi service operators (MSOs) in the country. As on March 31, 2009, the company’s paying subscriber base stood at 1.6 million. Of these, the digital subscriber base accounted for 1.0 million. Given its scale, Hathway is well-placed to capitalise on the opportunities arising from consolidation and digitisation in the cable industry. The grading also takes into account the company’s experienced management and its demonstrated ability to acquire and integrate MSOs and local cable operators (LCOs). The company’s efforts to consolidate its subscriber base through the acquisition of MSOs and LCOs, and convert analog subscribers to digital are expected to yield benefits over the medium-term. The ability to execute this strategy within a faster timeframe would be critical for the company’s growth. However, the large scale of acquisitions envisaged is likely to pose significant management challenges. The grading is also constrained by the high competition the company faces, particularly from direct-to-home (DTH) operators, many of whom have strong parentage and financial muscle.

Saksoft grants stock options Movement During The Last 12 Months

2009-12-23T23:15:00.000-08:00

Under: Buzzing Stock, stock advice, Stock CUES, stock news, stock Updates

FCCB Repurchase,

Sanjeev Prasad, Kotak Securities,

Under: Buy call, Buzzing Stock,Target, stock advice, Stock CUES, stock news, stock Updates, Recommendation, Target Price, Expert Advice, stock advice, Recommended price,

Buy call, Buzzing Stock,Target, stock advice, Stock CUES, Recommendation, Target Price, Expert Advice, stock advice, Recommended price,

,Mutual Funds, Mutual Fund News, Mutual Fund Updates, Mutual Fund Allocation,

JMDE Packaging & Realties Ltd: JMDE Packaging Board approves Rights Issue

2009-12-23T23:13:00.000-08:00

JMDE Packaging, JMDE Realties, JMDE, ,Board approves, Rights Issue, Buzzing Stock, FCCB Repurchase, ,JMDE stock advice, JMDEStock CUES, JMDEstock news, stock Updates

JMDE Packaging & Realties Ltd "JMDE"
Packaging Board approves Rights Issue

JMDE Packaging & Realties Ltd has informed that the Board of Directors of the Company at its meeting held on December 22, 2009, inter alia, has considered and approved the following matter: 1. Split up the shares of Rs. 10/- (Rupees Ten Only) each into shares of Rs. 1/- (Rupees One Only) each. 2. Issue of further shares to the existing shareholders of the Company on Rights Basis 2 shares for every one shares held by the shareholders. 3. To obtain approval of Shareholders for the above matters by way of Postal Ballot.

FCCB buyback lifts Rolta India nearly 1%

2009-12-23T23:12:00.000-08:00

Rolta India, FCCBs, Buy Back, Rolta India Buy call, Buzzing Stock, FCCB Repurchase, Rolta India, stock advice, Rolta India Stock CUES, stock news, Rolta India stock Updates

Rolta India
FCCB buyback lifts Rolta India nearly 1%

The company made this announcement during trading hours today, 24 December 2009. Meanwhile, the BSE Sensex was up 40.23 points, or 0.23%, to 17,271.34. On BSE, 3.92 lakh shares were traded in the counter as against an average daily volume of 10.09 lakh shares in the past one quarter.

The stock hit a high of Rs 193.60 and a low of Rs 189 so far during the day. The stock had hit a 52-week high of Rs 206.25 on 7 October 2009 and a 52-week low of Rs 40.70 on 12 March 2009.

The mid-cap stock had outperformed the market over the past one month till 23 December 2009, rising 9.52% as compared to the Sensex's 0.30% rise. It had also outperformed the market in the past one quarter, gaining 9.33% as compared to the Sensex's return of 3.06%.

The company's equity capital is Rs 161.05 crore. Face value per share is Rs 10. The current price of Rs 192.30 discounts the company's Q1 September 2009 annualized EPS of Rs 19.02, by a PE multiple of 10.11.

The company has bought back foreign currency convertible bonds (FCCBs) at a discount of 15.25% resulting in a gain of $2.80 million (approximately Rs 13 crore). The buy back of FCCBs will help reduce liabilities and interest costs.

In late October 2009, the board of Rolta India had approved raising up to $250 million through various sources from domestic and international market. Early this month, Rolta India signed a pact with French firm Infoterra France for pixel factory, an image processing technology.

Rolta India's net profit fell 28.82% to Rs 76.55 crore on 9.15% rise in net sales to Rs 246.38 crore in Q1 September 2009 over Q4 June 2009. Rolta India provides IT-based solutions and services to the geospatial and engineering segments.

Promoters have pledged more than 40.80 lakh shares representing 2.53% equity capital fo the company. The total promoter shareholding in the company is 41.97% (as on 30 September 2009).

GTL Infrastructure to acquire Aircel’s towers, GTL Infrastructure Stock CUES,

2009-12-23T23:04:00.000-08:00

GTL Infrastructure, Buzzing Stock, GTL Infrastructure Stock CUES, stock advice, stock news GTL Infrastructure, stock Updates GTL Infrastructure,

GTL Infrastructure Stock CUES
GTL Infrastructure to acquire Aircel’s towers

GTL Infrastructure, a company that leases out towers to cell phone operators, is planing to acquire Aircel’s towers for Rs 40bn in an all-cash deal,according to a report. The report stated that GTL has outbid rival Tata-Quippo in the negotiations to buy the 17,500 towers of Aircel that will take its total to 33,000 and will give it access to another 20,000 that are being set up. The enterprise value of the deal may be around Rs 85bn, including a debt of Rs 45bn, report adds.

Great Offshore Gain Reach To 12.3%

2009-12-23T23:02:00.000-08:00

Great Offshore, Buzzing Stock, Great Offshore Stock CUES, Great Offshore stock advice, Great Offshore stock news, Great Offshore stock Updates,

Great Offshore
Gain Reach To 12.3%

Great Offshore touched an intraday high of Rs 570.80 and an intraday low of Rs 498.05. At 11:59 am, the share was quoting at Rs 558.35, up Rs 61.45, or 12.37%.

It was trading with volumes of 303,379 shares. Yesterday the share closed up 5.96% or Rs 27.95 at Rs 496.90.

Rolta India repurchases FCCB's worth US$15mn, Rolta India stock Updates,

2009-12-23T22:59:00.000-08:00

Rolta India, Buzzing Stock, Stock CUES, Rolta India stock advice, Rolta India stock news, Rolta India stock Updates, FCCB Repurchase,

Rolta India
further repurchases FCCB's worth US$15mn

Shares of Rolta India have gained by 1.2% to Rs192. The company announced that it has further repurchased US$15mn of the outstanding Foreign Currency Convertible Bonds's (FCCB's), of the original issue of Zero Coupon FCCBs of US$150mn due in 2012.

The Bonds of the accreted value of US$17.8mn have been repurchased at a discount of 15.25% resulting in a gain of US$2.8mn (approx. Rs130mn).

The scrip opened at Rs191 it touched an intra-day high of Rs193 and a low of Rs189 and has recorded volumes of over 1.1mn shares on NSE.

DB Corp fixes IPO price at Rs 212/sh DB Corporation IPO Allotment

2009-12-23T22:53:00.001-08:00

Dainik Bhaskar IPO Allotment , DB Corp IPO Allotment , DB Corp IPO Allotment Price, IPO price Buzzing Stock, DB Corp fixes IPO price, DB Corp Stock CUES, stock advice, DB Corp stock news, stock Updates, Fixed shre price, Dainik Bhaskar IPO Allotment

Dainik Bhaskar "DB Corp"
fixes IPO price, IPO Allotment

Dainik Bhaskar publisher, DB Corp has fixed the issue price of Rs 212 per share for its IPO of 1.81 crore shares. This IPO has received overwhelming response from investors and was seen highest subscription among the IPOs of 2009.

The issue was subscribed 39.54 times, on the back of support from qualified institutional investors (QIBs). QIBs' reserved portion was subscribed 68.5 times followed by non-institutional investors with their portion being subscribed 26.17 times. Retail investors' portion was subscribed just 3.42 times. Enam Securities, one of the book running lead managers, garnered 50% of QIB book.

The price band for the issue was at Rs 185-212 per share and the issue was opened during December 11-15, 2009. The issue constituted about 10% of the fully diluted post-issue capital of the company. About 7% of the issue was a fresh offering, while the remaining 3% constituted an offer for sale by Cliffrose Investment Ltd, an affiliate of private equity firm Warburg Pincus.

Hotel Leelaventure Partial Repurchase US$ Zero Coupon FCC Bonds Hotel Leelaventure Stock

2009-12-23T22:53:00.000-08:00

Hotel Leelaventure, Buzzing Stock, Stock CUES, Hotel Leelaventure stock advice, Hotel Leelaventure stock news, Hotel Leelaventure stock Updates,

Hotel Leelaventure - Partial
Repurchase of Outstanding US$ Zero Coupon FCC Bonds Due 2012

Hotel Leelaventure Ltd has informed that the Company is considering partial repurchase of outstanding zero coupon Convertible Bonds due in 2012 and listed on the Singapore Stock Exchange. Such purchase shall be effected subject to availability of bonds at terms acceptable to the Company. The Company has appointed Kotak Mahindra UK Ltd. for the same.

Frontline banking good bet with 6-month view: Rahul Mohindar, viratechindia,

2009-12-22T22:11:00.000-08:00

Under: Rahul Mohindar, viratechindia, Expert Advice, Banking Sector, Banking funds, Bank, SBI, Medium Term, Long Term Basis

Rahul Mohindar of viratechindia.com is of the view that one can bet on frontline banking stocks with six month perspective.

Mohindar told CNBC-TV18, “I would typically like to look at the frontline banks first, so if I look at an State Bank of India (SBI) or an ICICI Bank I still think there is some work to do but on a different note. I was looking at a sector from a medium to long term basis. It’s an excellent sector to be betting into so even if you are going long into some of these heavyweight banking stocks its not a bad idea if you have a six month plus kind of window.”

He further added, “I would like to go with IDBI here, I don’t see a downside greater than 5-10% lets put it that way and I think it certainly still makes a good investment bet from a medium to long term basis.”

ACC has decent support at Rs 830: Rahul Mohindar, viratechindia,

2009-12-22T22:09:00.000-08:00

Under: ACC, Rahul Mohindar, viratechindia, Buy call, Buzzing Stock, ACC cement, ACC stock prices, ACC stock advice, ACC Recommendation, ACC Recommended price, ACC Target, ACC Target Price,

Rahul Mohindar of viratechindia.com is of the view that ACC has decent support at Rs 830. The stock can go upto Rs 875-880.

Mohindar told CNBC-TV18,"ACC has decent support at Rs 830. The stocks may drift another Rs 15-20 odd so average out and buy it but somewhere between Rs 800-830. I would be willing enough to go out and buy the stock keeping in mind that in the short term we could get a blip up to about Rs 875-880.”

He further added, “I think there is an upside left for Grasim Industries, they broke out key levels over the and I think lower down there is jut 2-3% on the downside versus lets say 5-6%. So nothing really extravagantly big and traders should really look at the sector as a buy opportunity.”

Stay invested in Glenmark Pharma: , Hold Glenmark Pharma:

2009-12-22T22:08:00.000-08:00

Under: Rahul Mohindar, viratechindia, Glenmark Pharma, Hold, Buy call, Buzzing Stock, stock prices, stock advice, Recommendation, Recommended price, Target, Target Price

Rahul Mohindar of viratechindia.com is of the view that stay invested in Glenmark Pharma with a target of Rs 320.

Mohindar told CNBC-TV18,"Glenmark Pharma is on some radar for some time and we have been talking about the stock from Rs 220 levels. We are continuing to maintain a bullish stand on it and I would say if you are already invested into a Glenmark stay in it, Rs 320 is the kind of long term target. I would put on this kind of a stock. The stock has support at Rs 250.

He further added, “Orchid Chemicals too there is nothing really negative on the charts right now. But at the same time doesn’t warrant a fresh entry but in the mean pharma is an interesting sector just as technology and metals so I think these are three very exciting spaces for the short term trader.”

Positive on metals, IT, banking Sector : Rahul Mohindar, viratechindia

2009-12-22T22:05:00.000-08:00

Under: Banking Sector, IT sector, Metal Sector, Positive, sector Cues, Sector, Buy call, Buzzing Stocks, stock, stock advice, Recommendation, Buzzing Sector, Rahul Mohindar, viratechindia

Rahul Mohindar of viratechindia.com is positive on metals, technology and banking sector.

Mohindar told CNBC-TV18,"From the frontline, Reliance Industries seems to have got the right kind of support. I think over the next 4-5 sessions we could see some upward price action. But if I have to pick between sectors, the first would be metals, second is technology and third is banking but they will all chip in their own small ways on the upside.”

Buy Bharti Airtel on every decline:

2009-12-22T22:02:00.000-08:00

Under: Bharti Airtel, Ambareesh Baliga, Karvy Stock Broking, Bharti Airtel Buy call, Buzzing Stock, stock prices, Bharti Airtel stock advice, Recommendation, Recommended price, Bharti Airtel Target, Target Price

Ambareesh Baliga of Karvy Stock Broking is of the view that buy Bharti Airtel on every decline and exit the stock around Rs 335-340.

Baliga told CNBC-TV18, "Bharti Airtel at higher levels and we were looking at levels around Rs 310-311 to re-enter Bharti and we got that opportunity yesterday. So at every lower levels we are getting into the telecom stocks especially Bharti. In case of a short-term rally again if Bharti goes up to levels of Rs 335-340, which I do not expect it to go to at least in the near future but in case it goes to those level we will exit although we have short-term targets still of around Rs 420-440 over the next 12-14 months.”

Buy IDFC with long term perspective: Ambareesh Baliga, Karvy Stock Broking,

2009-12-22T22:00:00.000-08:00

under: IDFC , Ambareesh Baliga, Karvy Stock Broking, IDFC Buy call, Buzzing Stock, stock prices, stock advice, IDFC Recommendation, Recommended price, Target, IDFC Target Price

Ambareesh Baliga of Karvy Stock Broking is of the view that buy Infrastructure Development Finance Company (IDFC) with long term perspective on 10-12% correction.

Baliga told CNBC-TV18, "I think IDFC is one stock, which we have liked for a while. We believe that going ahead possibly in the next 1.5-2 years IDFC can convert itself into a bank that should be a big trigger for that. At the same time looking at the growth which we are seeing in the infrastructure sector especially over the next four-five years then this is one space to be in and in case it corrects in sort of a correction which we are expecting in the market. In case this stock corrects possibly at 10-12% then it’s a decent buy from a long-term angle.”

Great Offshore can go upto Rs 480: Ambareesh Baliga, Karvy Stock Broking

2009-12-22T21:59:00.000-08:00

Under>:Great Offshore, Ambareesh Baliga, Karvy Stock Broking, Buy call, Buzzing Stock, stock prices, Great Offshore stock advice, Recommendation, Recommended price, Great Offshore Target, Great OffshoreTarget Price

Ambareesh Baliga of Karvy Stock Broking is of the view that Great Offshore can go upto Rs 480.

Baliga told CNBC-TV18, "We had said that Great Offshore should go to levels of around Rs 480. I think at these levels it’s more or less fully priced.”

3i Infotech has target of Rs 93-95: Mitesh Thacker

2009-12-22T21:57:00.000-08:00

Under:3i Infotech, Buy call, Buzzing Stock, 3i Infotech stock prices, stock advice, Recommendation, 3i Infotech Recommended price, Target, 3i Infotech Target Price, Mitesh Thacker, Technical Analyst,

3i Infotech has target of Rs 93-95, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "3i Infotech came into action after quite some time. We saw very good volumes happening, generally 3-4 times in the normal 10 day average. So very clearly the stock price is looking up.”

He further added, “There is good short-term momentum on charts, Rs 93-95 would be a very good target for this stock price. I would recommend stoploss of around Rs 86 for the trade."

Rs 252.50 stoploss in Yes Bank

2009-12-22T21:55:00.000-08:00

Under: Yes Bank, Mitesh Thacker, Technical Analyst, Yes Bank Stop Loss, Buy call, Buzzing Stock, stock prices, Yes Bank stock advice, Recommendation, Recommended price, Yes Bank Target, Target Price

Keep Rs 252.50 stoploss in Yes Bank, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Yes Bank has been moving in a range of around Rs 275 on the upside and Rs 255 on the downside. Yesterday the stock price took support around the Rs 255 mark and then bounced back from there.”

He further added, “Very clearly, a test of the previous highs around Rs 273 looks to be on the cards. I think the recommended stoploss would be around Rs 252.50."

Shree Renuka may slip to Rs 204-195

2009-12-22T21:54:00.000-08:00

Shree Renuka, Buy call, Buzzing Stock, stock prices, Shree Renuka stock advice, Recommendation, Recommended price, Target, Shree Renuka Target Price , Mitesh Thacker, Technical Analyst,

Shree Renuka Sugars may slip to Rs 204-195, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Shree Renuka Sugars has been looking weak on medium-term charts. We saw good pullback from levels of around Rs 200-220. Yesterday we saw the price taper off again. It seems that the pullback is over and the prices are ready to decline. Again Rs 204 to 195 would be targets on the downside and the stoploss would be around Rs 222."

At 10:08 am, the share was quoting at Rs 216.15, up Rs 0.75, or 0.35% with volumes of 31,502 shares. Its marketcap is Rs 6,849.79 crore. Currently it is 226.26% above the 52-week low of Rs 66.25.

Buy Idea Cellular with target of Rs 65: Mitesh Thacker, Technical Analyst

2009-12-22T21:51:00.000-08:00

Under:Idea Cellular, IBuy call, Idea Cellular Buzzing Stock, stock prices, stock advice Idea Cellular , Recommendation, Recommended price, Target, Idea Cellular Target Price

Buy Idea Cellular with target of Rs 65, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "We saw good action in telecom stocks. After a good run up, they were correcting and with yesterday’s move it seems that the correction is over and the stocks are looking to move up again.”

He further added, “Idea Cellular could be a good buy here with targets of Rs 62 and 65 in the short-term. The stoploss would be around Rs 56."

GMDC has target of Rs 155: Mitesh Thacker, Technical Analyst

2009-12-22T21:50:00.000-08:00

Under: GMDC Buy call, Buzzing Stock, GMDC stock prices, GMDC stock advice, Recommendation, GMDC Recommended price, GMDC Target, GMDC Target Price

Gujarat Mineral Development Corporation (GMDC) has target of Rs 155, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "GMDC has been consolidating in the narrow range of around Rs 143-144 on the upside and Rs 134 on the downside. Yesterday, we saw very good price action; 6% up with good jump in volumes.”

He further added, “I think Rs 155 would be good short-term target for traders and the recommended stoploss would be around Rs 139."

Technical Bharati Shipyard Stock Up receives 27.56% equity in open offer

2009-12-22T21:47:00.000-08:00

Under: Bharati Shipyard, Technical Analysis, intraday , intraday high, ABG Shipyard open offers, Buy call, Buzzing Stock, Bharati Shipyard Stock CUES, Stock in News,Bharati Shipyard stock advice,

Bharati Shipyard touched an intraday high of Rs 221.70 and an intraday low of Rs 217.05. At 10:27 am, the share was quoting at Rs 219.45, up Rs 4.25, or 1.97%.

The company has received 1.02 crore shares in the open offer, which account for 27.56% of the equity, quoting Sources, reports CNBC-TV18.

Bharati holds 23.17% stake in Great Offshore and they will accept 20% shares. Bharati’s stake in Great Offshore will go up to 43% through this exercise.

It was trading with volumes of 26,837 shares. Yesterday the share closed up 0.19% or Rs 0.40 at Rs 215.20.

hare Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	217.25	219.45	2.20	1.01
5-Days	214.85	219.45	4.60	2.14
7-Days	221.60	219.45	-2.15	-0.97
15-Days	223.20	219.45	-3.75	-1.68
1-Month	170.30	219.45	49.15	28.86
3-Month	211.75	219.45	7.70	3.64
6-Month	171.10	219.45	48.35	28.26
9-Month	53.60	219.45	165.85	309.42
1-Year	69.75	219.45	149.70	214.62

Orchid Chemicals can test at Rs 200-205: Mitesh Thacker, Technical Analyst,

2009-12-22T21:45:00.000-08:00

Under: Orchid Chemicals, Buy call, Buzzing Stock, Orchid Chemicals stock prices, stock advice, Recommendation, Recommended price, Orchid Chemicals Target, Target Price, Buy call, Orchid Chemicals Target Price,

Orchid Chemicals can test at Rs 200-205, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Orchid Chemicals bounced back from strong support levels of around Rs 180. So very clearly after falling form levels of Rs 230 the stock was quite oversold. There was strong support of Rs 180 which was earlier a breakout level for this stock price, so bounce back from those levels probably can hit Rs 200-205. In the short-term people who have been stuck will probably get an exit around Rs 200 plus level.”

He further added, “Glenmark Pharma still looks pretty good. The stock price has been moving in a good uptrend for quite some time now; I think Rs 290-295 would be the short-term supply areas for this stock price."

Nifty inching towards 5050

2009-12-22T21:42:00.000-08:00

Under: Nifty tareget, Nifty short term Target, Nifty Resistance Level, Nifty Future, NIffty,

buying in all sectors was helping the Nifty to extend gains and inch up towards the 5,050 level. Metal, power, technology, oil & gas, banking and realty were prominent sectors in rally; respective indices gained 1-1.6%. The broader indices were trading in line with benchmark indices, up 1% each.

Positive Asian markets were also supportive; Shanghai, Straits Times and Taiwan Weighted were up 0.6% each. Kospi, Hang Seng and Jakarta were flat in trade.

The market breadth was positive; about 1,991 shares advanced while 871 shares declined on the BSE. Nearly 576 shares were unchanged.The 30-share BSE Sensex was trading at 16,880, up 188 points and the Nifty was at 5,042, up 57 points.

In the midcap space, Gujarat NRE Coke, Emami, Indian Bank, Sobha Developer and Prakash Industrise were up 3.4-5.6% while Rei Agro, Mahindra Holiday, Shree Cements, Corporation Bank and Novartis India fell 1-2%.

In the smallcap space, Hinduja Venture, Jolly Boards, Usha Martin, JSW Holdings and Action Construction gained 7.5-12% while Zodiac Clothing, Seamec, GMR Industries, Aegis Logistics and Shristi Infra lost 3-6%. Nifty back above 5000 on positive global cues

The Sensex started the day on a positive note and continued its yesterday's rally further. The Nifty has touched the 5,000 mark on the back of buying in across all sectors.

At 9:56 am, the Nifty was trading at 5,015, up 29 points and the Sensex was at 16,781, up 89 points. The CNX Midcap Index gained 39 points to 7,264, as about 600 shares advanced while 100 shares declined on the NSE.

Among the frontliners, ICICI Bank, Infosys, Suzlon, NTPC, Reliance Power, SAIL and Unitech were gainers in early trade. However, ITC, Grasim, ONGC and HUL fell.

Midcap & Smallcap space:

The twin open offer for Great Offshore closed yesterday. Sources told CNBC-TV18 that Bharati Shipyard's offer was successful. Bharati has received 1.02 crore shares in the open offer, which account for 27.56% of the equity. Bharati’s stake in Great Offshore will go up to 43% through this exercise.

The other bidder, ABG Shipyard, which dropped out of the race the day before the open offer opened by selling almost its entire stake, said it would retain its stake if it gets less than 5% but sell the stake in case the open offer garners more than 5%.

Great Offshore rose 3%. Bharati Shipyard was up 2% and ABG Shipyard up 1%.

3i Infotech and Orchid Chemical gained 1-3%

Hotel Leela gained 3% as there were reports that Hotel Leela Venture promoters are raising stake in company to 55% via creeping acquisition.

Yes Bank, IDBI Bank and PTC India went up 1-2%.

ITI rose 4% and Nelco gained 5%. Easun Reyrolle shot up 6%.

However, STC India lost 1% and Havells down 1%.

Global cues:

Asian markets were trading higher. Shanghai, Straits Times and Taiwan were up 0.4-0.5%. Kospi, Hang Seng and Jakarta were flat. Nikkei was shut today.

The US markets ended higher after positive home sales data and shrugged off lower GDP (gross domestic product) data. The S&P 500 hit a fresh 52-week high at 1,120.27 during the day.

The Dow Jones industrial Average ended up 51 points at 10,465. The Nasdaq Composite rose 15 points at 2,253 and the S&P 500 was up 4 points at 1,118.

US 3Q Final GDP was up 2.2% against preliminary GDP at 2.8% & advance estimate of 3.5%.

Existing home sales rose 7.4% in November to 6.54 million units against expected 6.25 million units.

Commodities:

Crude oil was up $1 at $74.5/bbl. OPEC decided to leave output levels unchanged.

February Gold was down 0.8% at $1086.7/ounce.

March silver was down 0.3% at $17.93/ounce.

Baltic Dry Index was down 2.9%.

Market cues:

-FIIs net sell USD 55.2 million on December 21
-Total F&O Open Int up by Rs 1070 crore at Rs 1,16,909 crore
-FIIs net sell Rs 110 crore in cash on December 22 (prov)
-DIIs net buy Rs 510.6 crore in cash on December 22 (prov)
-FIIs net buy Rs 1197 crore in F&O on December 22

F&O cues:

-Total Futures Open Int up by Rs 543 crore, Total Options Open Int up by Rs 527 crore
-Nifty up 0.7%, Futures Open Int down by 1.5%
-Nifty Dec futures trading at 5 pt premium versus 4 pt discount
-Nifty Open Int PCR at 1.15 versus 1.12
-Nifty Calls shed 4.8 lakh shares, Nifty Puts add 13.8 lakh shares
-Nifty 4900 Dec Put adds 8.5 lakh shares
-Nifty 5000 Dec Call adds 3.8 lakh shares
-Nifty 5000 Dec Put adds 3.9 lakh shares in Open Int (Had shed 9.2 lakh shares on Monday)
-Nifty 5700 March Call adds 2 lakh shares
-Stock futures add 2 crore shares in Open Int
-FIIs net buy Rs 421 crore in Nifty Futures on December 22
-Nifty Futures Open Int down by 3688 contracts on December 22
-FIIs net buy Rs 234 crore in Nifty Options on December 22
-Nifty Options Open Int up by 1715 contracts on December 22
-FIIs net buy Rs 542 crore in Stock futures on December 22
-Stock Futures Open Int down by 1283 contracts on December 22
-FIIs net sell Rs 1 crore in Stock Options on December 22
-FII contribution to total F&O turnover at 22.1% versus 16.8% on Friday

Reliance industries has support at Rs 975: Mitesh Thacker, Technical Analyst

2009-12-22T21:37:00.000-08:00

Under: Reliance Industries, , Buy call, Target Price, Buzzing Stock, stock prices, stock advice, Recommendation, Recommended price, Target, Reliance IndustriesTarget Price

Reliance industries has support at Rs 975, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "The most important observation for Reliance is that the stock price has been under performing the markets, in general it has been under performer for quite some time now, and still there are no signs of reversal over there.”

He further added, “The stock has been taking time and again support at the 200 DMA around the Rs 975 mark. As long as the stock holds above this level, I think there is no immediate downside to this stock price and probably Reliance will be one good stock which will shape the future movements of Nifty.”

“On the upside Rs 1,100 is the key levels. So its been moving in a contracting range, Rs 1,100 is the breakout on the upside level and if that were to happen probably I will bet again big on the Oil & Gas sector leading the markets to much higher highs than what we have seen till now."

Indian IT firms on global talent hunt Infosys on top

2009-12-22T21:34:00.000-08:00

Under: Indian IT firms, global, talent hunt, Infosys,open IT contracts, Us revenue, Stock CUES, Stock in News, stock advice, Buzzing Stock,

Engineering campuses are not the only place Indian IT companies are returning to. They are also aggressively hiring in the US and other global markets. CNBC-TV18’s Sunanda Jayaseelan reports.

It's a trillion dollar opportunity, one IT companies cannot, and are not ignoring. The US government is throwing open IT contracts and analysts say Indian technology firms are jumping on this as an opportunity to ramp up revenues from the US. More and more companies are now hiring Americans for these projects. Infosys, for one, has set itself aggressive targets to hire locally in the US.

V Balakrishnan, Chief Financial Officer, Infosys Technologies, said, “The US is a large opportunity, today about 5% of all our employees are local. Going ahead 15% of all our employees will be foreign nationals. This will hold true for our newly formed subsidiary in the US too.”

IT consultants estimate that tier-one Indian IT firms will hire between 5,000-10,000 people, and tier-II and tier-III firms will hire upto 1,000 people over the medium to long term in the US alone.

Siddharth Pai, Managing Director, TPI India, said, “Depending on the company and the business strategy of course, anything between 15-20% of workforce will be foreign hires.”

The US may not be the only playing field. Infosys, for instance, says it will look at more local hiring in the Europe as well, especially as it starts seeing demand picking up from these markets.

ICICI Bank gooing to recruit 3,500 by Q1 2010

2009-12-22T21:32:00.000-08:00

Under CICI Bank, Expanssion Plan, Bank Sector, Stock CUES, Stock in News,

CICI Bank is back on recruitment mode, albeit cautiously, learns CNBC-TV18. However, by April next year, it will be full blown recruitment, and the bank is looking to increase its headcount by around 3500 employees by Q1 of 2010, reports CNBC-TV18's Gopika Gopakumar.

he bank is looking at adding personnel to its growth areas, like the home loan, car loan and transaction business. The country’s largest private bank has increased its headcount from 34,500 to 35,500. Officials at the bank said that the recruitments are taking place to replace attrition in the last nine months. The bank is not expecting to touch the 41,000 headcount that it had in 2007 any time soon, they said. It is looking at a balance sheet growth of 15-20% in FY11, said the bank’s officials.

Wall Street S&P hits 52-wk high : ains on +ve home sales data

2009-12-22T21:29:00.000-08:00

Under: Wall Street, S and P, 52-wk high,Global Opinion, Global Markets, Global Cues,

Broad-based buying sent the S&P 500 to fresh 52-week highs despite a surprise downward revision to third quarter GDP and a gain by the greenback. The higher than expected existing home sales supported sentiment. Also Read - How ADRs performed

The Dow Jones Industrial Average added 50.79 points, or 0.5%, to 10,464.93. The Standard & Poor's 500 index rose 3.97 points, or 0.4%, to 1,118.02, while the Nasdaq Composite Index was up 15.01 points, or 0.7%, to 2,252.67. The market mood was tempered by news that third quarter GDP was determined to have increased at a slower-than-expected annualized rate of 2.2%, lower than consensus prediction.

The housing data of course provided some relief. It showed that existing home sales climbed at a stronger-than-expected clip of 7.4% month-over-month. That lifted the annualized rate to 6.54 million units.

The dollar index fell after hitting fresh 3-month highs but continues to trade around the 78 mark. In intra-day trade yesterday, the index rose to a high of 78.44, the most since September 4. The dollar's gains led to a selloff in commodities, crude slipped almost a percent but it is trading above the USD 74. The base metals too were impacted by the dollar's strength.

Great Offshore, Bharati Shipyard's, ABG Shipyard open offers

2009-12-22T21:24:00.000-08:00

The twin open offer for Great Offshore closed yesterday. Bharati Shipyard's offer was successful reports CNBC-TV18’s Gautam Broker. Sources say, Bharati has received 1.02 crore shares in the open offer, which account for 27.56% of the equity. From this, Bharati will accept 20% shares on a pro-rata basis at Rs 590 per share. Bharati’s stake in Great Offshore will go up to 43% through this exercise.

Here is a verbatim transcript of Gautam Broker’s comments on CNBC-TV18 Bharati Shipyard had asked for about 78 lakh shares, the 20% of the equity, but have got about 1.2 crore shares. That’s almost 27% of equity. So almost 73% of all shares send out will be accepted in the open offer and Bharati will be shedding out somewhere close to Rs 460 crore. Their overall holding in the company now rises to 43.19%.

Interesting thing to note in this entire dealing would be how much ABG Shipyard has gained in its open offer because their open offer was about 32% and its unlikely that the whole portion would have been tendered in that open offer.

So we will have to keep an eye on what kind of stakes ABG is able to garner through the open offer and what it does to with that stake. Remember, competitor holding up even 5-6% stake in Great Offshore would make Bharati uncomfortable. Another thing to watch out for would be the possible open offer under regulation 12 for management control by Bharati. ABG said it would retain its stake if it gets less than 5% but sell the stake in case the open offer garners more than 5%.

The other bidder, ABG Shipyard, which dropped out of the race the day before the open offer opened by selling almost its entire stake, said it was not expecting to get more than 5% in the open offer.

Ganeshaspeaks: Market prediction for Dec 23, 24, 29 and30.

2009-12-22T21:19:00.000-08:00

On December 20, 2009, Jupiter is changing its sun sign. And its effects will start showing from December 18, 2009 onwards. The market will go haywire. You will not know what to do. Ganesha advises you to avoid taking a long-term stand on anything. Square your positions daily.

Last week, Nifty average was 26 points and Nifty total will 130 points. So over all, it was mostly a waste of time. Now you know why Ganesha was saying what it said in the last week's prediction.

Nifty will be particularly unpredictable on December 21, 22, 23 and 30. Don't take a position on bank Nifty on December 23, 24, and 29.

Stick to delivery-based intraday during the next week.

A forgettable day. Your best option is intra-day, but provided you have the strength to take the delivery. Don't hold a position in bank Nifty.

10:05 to 11:25- Ignore all recommendations. Wait for the market to open, says Ganesha. The market will drop from the point it opens, thus it will follow an up-down pattern.

11:25 to 13:25- The market trend is likely to move step-by-step in the upward direction, except when there is a Nifty breakout. But the weightage is less, so don't get your hopes high and keep on exiting.

13:25 to 14:45- The graph of trends at Nifty will form a W, so close watch Nifty's behaviour before making a decision.

14:45 to 15:30- The weightage for this line is around -0.01, which is close to zero. So, don't expect earth shattering profits at Nifty. Keep on jobbing if you still want to trade at Nifty.
Read Disclaimer:

South Asian Petrochem Ltd

2009-12-22T21:17:00.000-08:00

DTIL, DIML, SAPL, DPL, Stock in News, Stock CUES, South Asian Petrochem Ltd, share price

Dhunseri Tea & Industries Ltd ('DTIL') has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, have approved of a Scheme of Arrangement between DTIL, DI Marketing Ltd ('DIML'), South Asian Petrochem Ltd ('SAPL') and Dhunseri Polycarbonate Ltd. ('DPL') and their respective shareholders entailing demerger and amalgamation from April 01, 2009 ('the Appointed Date') as under: The demerger will be followed by Amalgamation of SAPL and DPL with DTIL as part of the Scheme. In consideration of the amalgamation, DTIL will issue and allot to the shareholders of SAPL, One (1) Equity Share of Rs. 10/- each in DTIL credited as fully paid up for every Ten (10) Equity Shares of Rs. 10/- each fully paid-up held by them in the capital of SAPL. The shares of SAPL in lieu of which such new shares in DTIL shall be issued in consideration of the amalgamation shall include the shares constituting 50.21% of the total equity of SAPL transferred to DIML as part of the demerger. Such new shares in DTIL shall be accordingly allotted to DIML. In terms of the Scheme, the demerger and transfer of the Demerged Undertaking of DTIL to DIML shall be deemed to have taken place and come into effect prior to amalgamation of SAPL and DPL with DTIL. No shares shall however be issued in lieu of the shares of DPL since all shares issued by DPL are held by and between DTIL and SAPL and the entire share capital of DPL shall stand cancelled upon the Scheme becoming effective. The Scheme is subject to and conditional upon the requisite approvals being received therefor, including approval of shareholders and sanction of the Hon'ble High Court at Calcutta pursuant to Sections 391 to 394 of the Companies Act, 1956. Accordingly, the Scheme although operative from the Appointed Date shall come into effect on the Effective Date, being the date or last of the dates on which certified copies of the orders sanctioning the Scheme are filed by DTIL, DIML, SAPL and DPL with the Registrar of Companies. South Asian Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, have approved of a Scheme of Arrangement between Dhunseri Tea & Industries Ltd ('DTIL'), DI Marketing Ltd ('DIML'), South Asian Petrochem Ltd ('SAPL') and Dhunseri Polycarbonate Ltd ('DPL') and their respective shareholders entailing demerger and amalgamation from April 01, 2009 ('the Appointed Date').

Arrangement between Dhunseri Tea & Industries Ltd DTIL, DI Marketing Ltd ('DIML'), South Asian Petrochem Ltd ('SAPL') and Dhunseri Polycarbonate Ltd.

2009-12-22T21:15:00.000-08:00

DTIL, DIML, SAPL, DPL,Stock in News, Stock CUES, stock advice,

Dhunseri Tea & Industries Ltd ('DTIL') has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, have approved of a Scheme of Arrangement between DTIL, DI Marketing Ltd ('DIML'), South Asian Petrochem Ltd ('SAPL') and Dhunseri Polycarbonate Ltd. ('DPL') and their respective shareholders entailing demerger and amalgamation from April 01, 2009 ('the Appointed Date') as under: The demerger will be followed by Amalgamation of SAPL and DPL with DTIL as part of the Scheme. In consideration of the amalgamation, DTIL will issue and allot to the shareholders of SAPL, One (1) Equity Share of Rs. 10/- each in DTIL credited as fully paid up for every Ten (10) Equity Shares of Rs. 10/- each fully paid-up held by them in the capital of SAPL. The shares of SAPL in lieu of which such new shares in DTIL shall be issued in consideration of the amalgamation shall include the shares constituting 50.21% of the total equity of SAPL transferred to DIML as part of the demerger. Such new shares in DTIL shall be accordingly allotted to DIML. In terms of the Scheme, the demerger and transfer of the Demerged Undertaking of DTIL to DIML shall be deemed to have taken place and come into effect prior to amalgamation of SAPL and DPL with DTIL. No shares shall however be issued in lieu of the shares of DPL since all shares issued by DPL are held by and between DTIL and SAPL and the entire share capital of DPL shall stand cancelled upon the Scheme becoming effective. The Scheme is subject to and conditional upon the requisite approvals being received therefor, including approval of shareholders and sanction of the Hon'ble High Court at Calcutta pursuant to Sections 391 to 394 of the Companies Act, 1956. Accordingly, the Scheme although operative from the Appointed Date shall come into effect on the Effective Date, being the date or last of the dates on which certified copies of the orders sanctioning the Scheme are filed by DTIL, DIML, SAPL and DPL with the Registrar of Companies.

ETC Networks Ltd acquisition of Cornershop Entertainment Company Pvt. Ltd.,

2009-12-22T21:12:00.000-08:00

ETC Networks, Cornershop Entertainment Company,Acquisition , Buzzing Stock, Stock CUES, stock advice, Stock in News,

ETC Networks Ltd acquisition of 100% equity stake in Cornershop Entertainment Company Pvt. Ltd.,

ETC Networks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 17, 2009, has considered and approved acquisition of 100% equity stake in Cornershop Entertainment Company Pvt. Ltd., which is into the animation business. Further, post such acquisition the Board of Directors of the Company has also considered and approved a Scheme of Amalgamation under Section 391-394 of the Companies Act, 1956 of Cornershop Entertainment Company Pvt. Ltd., together with its wholly owned subsidiaries i.e. Cornershop Animation Company Pvt. Ltd., Digital Media Convergence Ltd. and Re-Med Services Pvt. Ltd. with the Company as on the appointed date January 01, 2010. Since all the above amalgamating Companies are direct / indirect wholly owned subsidiaries of the Company, no shares would be issued by the Company pursuant to the scheme of Amalgamation. The said Scheme of Amalgamation shall be subject to the approval of the shareholders of the transferor Companies, the approval of jurisdictional High Court(s) and requisite consent and approval of the statutory and regulatory authorities as may be required for the implementation of the Scheme.

Shirpur Gold Refinery Board of Directors meeting on December 15, 2009,

2009-12-22T21:09:00.000-08:00

Shirpur Gold Refinery. Shirpur Gold Refinery Problem. Shirpur Gold Refinery Board Meeting, Shirpur Gold Refinery stock price, Shirpur Gold Refinery share price

Shirpur Gold Refinery Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, has considered and approved the Scheme of Arrangement between Kala Kosh Auctions Pvt Ltd ('Kala Kosh') and Shirpur Gold Refinery Ltd ('Shirour Gold' or 'the Company') and their respective Shareholders and Creditors ('Scheme') under sections 391 to 304 of the Companies Act, 1956. The salient features of the Scheme are as under:
1. The Scheme envisages the amalgamation of Kala Kosh with Shirpur Gold with effect from the Appointed Date i.e. April 01, 2009.
2. The share exchange ratio will be 152 (One Hundred Fifty Two) fully paid equity shares of Rs. 10 each of Shirpur Gold for every 100 (One Hundred) equity shares of Rs. 10/- each of Kala Kosh based on the valuation done by the independent valuers M/s. BDO Consulting Pvt. Ltd. and fairness opinion issued by the Independent merchant bankers M/s. Fortune Financial Services (India) Ltd.
3. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders of the companies, the Hon'ble High Court of Judicature at Bombay, the permission or approval of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme.

Zandu Pharma Decline | Zandu Pharmaceutical breakout| Zandu Pharma Price Chart

2009-12-22T12:17:00.000-08:00

Zandu Pharma Share Decline | Zandu Pharma Share Price | Zandu Pharma Live Quotes | Zandu Pharma BSE Code | Zandu Pharma NSE Symbol | Zandu Pharma Price Chart | Zandu Pharmaceuticals Works | stock prices | F&O Qoute | Zandu Pharma Historic price charts | NSE | BSE

After the storm of sharp up move, comes the consolidation period which is characterized by small downside pressure with in a tight narrow range as show in chart attached above. This consolidation phase is driven on the back of declining volumes. Next stage is breakout on the upside as continuation of the prior trend.

The last stage is a breakout from the consolidation zone as continuation on the trend established prior to consolidation. Even this last stage can be as furious and fast as the breakout witnessed during the formation of the prior Flag pole marked before consolidation. The length and ‘likely targets’ for the 2nd Flag pole could be as big as the price movement witnessed during the 1st Flag pole.

Sensex trades higher; Bharti, SAIL, Tata Steel top gainers

2009-12-22T00:05:00.000-08:00

continuous buying in telecom, metal, banking, power, realty and select auto stocks along with heavyweights RIL & L&T was helping the Sensex to maintain about 100 points gains. However, selling in select stocks like technology, cement stocks along with ONGC, BHEL and Ranbaxy Labs capped the gains to some extent, which was also adding some volatility.

The market breadth was positive; about 1,840 shares advanced while 1,072 shares declined on the BSE. Nearly 526 shares were unchanged. Among the broader indices, the BSE Midcap rose 0.8% and Smallcap up 1%.

The 30-share BSE Sensex was trading at 16,703, up 102 points and the Nifty was at 4,985, up 32 points. European markets were also trading higher in early trade.

Buy Call Hindalco Industries at Rs 125: Technical Analyst, Sudarshan Sukhani.

2009-12-22T00:03:00.000-08:00

Buy Hindalco Industries at Rs 125: Technical Analyst, Sudarshan Sukhani. Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price
Buy Hindalco Industries at Rs 125,
says Technical Analyst, Sudarshan Sukhani.
Sukhani told CNBC-TV18, "Hindalco and Nalco had gone up. Hindalco had rallied a lot. It was going up even when the Nifty was falling. I think that part or that period is over. Somewhere around Rs 125, the stock would probably become a buying opportunity again. So you just have to be a little patient."

Aban Offshore repays Rs 800cr Norwegian debt

2009-12-22T00:02:00.000-08:00

Aban Offshore, Aban Offshore, Buzzing Stock, stock advice, Stock CUES, Stock in News,
Aban Offshore touched an intraday high of Rs 1,216.70 and an intraday low of Rs 1,165. At 12:09 pm, the share was quoting at Rs 1,210.30, up Rs 49.85, or 4.30%.

The company has repaid Rs 800 crore Norwegian debt with interest, reports CNBC-TV18.

It was trading with volumes of 361,144 shares. Yesterday the share closed down 0.52% or Rs 6.05 at Rs 1,160.45.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	1176.05	1210.30	34.25	2.91
5-Days	1241.60	1210.30	-31.30	-2.52
7-Days	1230.40	1210.30	-20.10	-1.63
15-Days	1300.75	1210.30	-90.45	-6.95
1-Month	1369.00	1210.30	-158.70	-11.59
3-Month	1592.70	1210.30	-382.40	-24.01
6-Month	850.55	1210.30	359.75	42.30
9-Month	308.00	1210.30	902.30	292.95
1-Year	751.80	1210.30	458.50	60.99

Tata Steel top gainer on the Sensex : Tue, Dec 22, 2009

2009-12-22T00:00:00.000-08:00

Top Gainers, Sensex, Buzzing Stock, stock advice, Tata Steel, Stock CUES, Stock in News,
Tata Steel was the top gainer on the Sensex

At 12:13 pm, Tata Steel was the top gainer on the Sensex. It touched an intraday high of Rs 574.45 and an intraday low of Rs 558.15. The share was quoting at Rs 572.55, up Rs 17, or 3.06%.

It was trading with volumes of 1,362,985 shares. Yesterday the share closed down 1.36% or Rs 7.65 at Rs 555.55.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	557.55	572.55	15.00	2.69
5-Days	544.65	572.55	27.90	5.12
7-Days	545.60	572.55	26.95	4.94
15-Days	583.35	572.55	-10.80	-1.85
1-Month	546.90	572.55	25.65	4.69
3-Month	518.05	572.55	54.50	10.52
6-Month	389.00	572.55	183.55	47.19
9-Month	176.30	572.55	396.25	224.76
1-Year	222.10	572.55	350.45	157.79

More steam left in Dish TV: Technical Analyst, Sudarshan Sukhani.

2009-12-21T23:58:00.000-08:00

Dish TV, Buzzing Stock, stock advice, Stock CUES, Stock in News,Expert Advice, stock advice,
More steam left in Dish TV, says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "Dish TV has been bouncing up and down and then it has seen a good rally. I think there is some more steam left in the stock. If you are a high beta player and if you want to take aggressive bets then Dish TV is a long side play."

He further added, "Zee Entertainment Enterprises gives the impression that the worst is over and it is likely to be an investment idea rather than a trading idea. You want to buy them on dips."

Sasken Comm hits 52-week high

2009-12-21T23:57:00.000-08:00

Buzzing Stock, stock advice, Stock CUES, Stock in News,
Sasken Communication Technologies has touched a 52 week high of Rs 200.40. At 1:01 pm, the share was quoting at Rs 198.90, up Rs 14.40, or 7.80%. It has touched an intraday high of Rs 200.40 and an intraday low of Rs 187.

It was trading with volumes of 1,267,271 shares, compared to its five-day average of 434,139 shares, an increase of 191.90%.

Yesterday the share closed up 2.50% or Rs 4.50 at Rs 184.50.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	176.15	198.90	22.75	12.92
5-Days	173.50	198.90	25.40	14.64
7-Days	175.50	198.90	23.40	13.33
15-Days	166.40	198.90	32.50	19.53
1-Month	149.00	198.90	49.90	33.49
3-Month	165.00	198.90	33.90	20.55
6-Month	96.35	198.90	102.55	106.43
9-Month	53.35	198.90	145.55	272.82
1-Year	62.25	198.90	136.65	219.52

Daryl Guppy: Tata Motors has target of Rs 850

2009-12-21T23:56:00.000-08:00

Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price

Tata Motors has target of Rs 850, says Daryl Guppy, Founder & Director of guppytraders.com.

Guppy told CNBC-TV18, "In Tata Motors the initial target is Rs 850. But that just an initial target, the strength in the trend can carry price much beyond that level."

At 11:28 am, the share was quoting at Rs 729.80, up Rs 3.50, or 0.48% with volumes of 158,890 shares. Its marketcap is Rs 37,523.27 crore. Currently it is 479.21% above the 52-week low of Rs

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	709.05	729.80	20.75	2.93
5-Days	710.45	729.80	19.35	2.72
7-Days	710.95	729.80	18.85	2.65
15-Days	705.40	729.80	24.40	3.46
1-Month	646.20	729.80	83.60	12.94
3-Month	598.95	729.80	130.85	21.85
6-Month	328.60	729.80	401.20	122.09
9-Month	176.45	729.80	553.35	313.60
1-Year	173.60	729.80	556.20	320.39

Support for the Nifty at 4850: Technical Analyst, Prakash Gaba

2009-12-21T23:53:00.000-08:00

Technical Analyst, Prakash Gaba, Nifty, Nifty Future, Nifty Resistance Level, Nifty short term Target, Nifty tareget
Nifty (4953): We said ‘The market still looks weak and can come down to around 4850 levels’. Interestingly our support on the Nifty of 4950 and on Sensex of 16600 has been achieved. So far the market does not display any strength. But the market can bounce back as the market is stretched on the downside.

The crucial support on the downside for the Nifty is 4850 and resistance at 5000.

Nifty likely to witness range of 4985-4900: Bhambwani

2009-12-21T23:51:00.000-08:00

Nifty likely to witness range of 4985-4900: Bhambwani

Technical Analyst, Vijay Bhambwani: The markets opened on a weak note and ended the session with losses as the bulls failed to hold the Nifty above the 5020 levels consistently. The banking stocks were the out performers in the markets. The traded volumes were lower which is a routine indicator for a bearish session. The market breadth was negative as the BSE & NSE combined advance decline ratio was 1770 : 2331. The capitalisation of the breadth was negative too as the commensurate figures were Rs 3382 Crs : Rs 11393 Crs. The NSE shed Rs 26093 Crs in market capitalisation.

The indices have closed in the lower end of the intraday range as the bulls went missing till the fag end of the session. The intraday range specified for the session between 5045 / 4940 has held as the Nifty bounced from the 4943 levels to validate our wavecount.

Also Read

* See what other experts are saying about markets
* See what FIIs are saying about the markets
* See what Udayan Mukherjee is saying about the markets

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The coming session is likely to witness a range of 4985 on advances above which the 5030 maybe tested. Support maybe seen at the 4900 levels. The bullish pivot for the session is likely at the 4980 levels and the bearish pivot at the 4965 levels. Traders need to watch the these parameters for signs of breakout / breakdown from the previous sessions range.

The market internals indicate a lower turnover due to the weakness. The number of trades were lower and the average ticket size per trade was lower, indicating a lower buying bias. The capitalisation of the market was lower in line with a downtick session. The f&o cues show the bears squaring up shorts on declines.

The outlook for the markets today is that of cautious optimism as the bulls need to hold the Nifty above the 4980 mark consistently.

The author is a Mumbai based investment consultant and invites feedback at vijay@BSPLindia.com or (022) 23438482.

Disclosure: The analyst has no exposure to the scrips recommended above.

Sesa Goa: Iron ore prices may continue to rise ahead

2009-12-21T23:48:00.000-08:00

Sesa Goa: Iron ore prices may continue to rise ahead

In an interview with CNBC-TV18, PK Mukherjee, Managing Director of Sesa Goa, India's largest iron ore exporter, spoke about demand for the metal and how things may pan out for the company ahead.

Q: Some of the larger players have conducted and concluded iron ore price negotiations. What is your estimate of what 2010 will look like?

A: I do not have any specific news that negotiations have concluded. However, indications are there that 2010 looks to be brighter than 2009. All indications are on the iron ore market because all the pundits are projecting the annual benchmark price to go up anywhere between 10-30% now. In the last one month, Chinese spot market prices have continued to go up. Hence, 2010 will be very good year.

Q: Where are sport prices trading at right now? Is it a 30% upmove?

A: Spot prices are not 30% up. As of today, Indian FE grade price of 53 grade, on FOB basis, is it at USD 80-86 per tonne.

Q: Do you think you will maintain the kind of volume guidance that had panned out?

A: We will be delivering 25% volume growth. There are some hiccups coming in between for the logistics issues particularly from Karnataka and Orissa where there are lot of problems on the mining side. However, so far our mining has not been affected but logistics side the permits are not getting issued. All the government officials are on guard. Hence, they are taking very cautious approach. In the process, we are losing a lot of logistics capacity. Everything is going on well, except in October and November there were some extended monsoon effects.

Q: Do you think you will maintain the kind of volume guidance that had panned out?

Next page »

Zee Entertainment to consider restructuring of ETC Networks

2009-12-21T23:43:00.000-08:00

Zee Entertainment, Buzzing Stock, stock advice, Stock CUES, Stock in News,
The Zee Entertainment board is meeting on December 23 to consider restructuring of ETC Networks. CNBC-TV18’s Ekta Batra reports.

In a second step which is after the Zee Entertainment, Zee News restructuring we are going to see a restructuring between ETC Networks and Zee Entertainment. The two general entertainment channels (GECs) channels of ETC Networks are going to be transferred into Zee Entertainment. This is similar to what Zee Entertainment had done with Zee News.

Also Corner Shop Entertainment, which is into animation business, could also be amalgamated with ETC Networks and probably be transferred at this point. ETC Network also has education business. It consists of Zee Learn, which comprises 35-40% of revenues at present. Whereas the broadcasting revenues come in at around 60% that will probably be retained into ETC Networks. This is basically to allow fundraising to allow growth plans and growth initiatives.

The possible transferring of the education business into Zee Entertainment is unlikely and now this is because it won’t be in line with strategic initiatives the company undertook with Zee News and Zee Entertainment, it would make more strategic sense to only transfer the GEC channels from ETC Networks into Zee Entertainment.

They had undertaken some restructuring by amalgamating the education business and ETC Networks broadcasting business only two years ago. So there is highly unlikely possibility that the education business will be transferred. Therefore the education business will remain a stanalone entity whereas the GEC business will be transferred into Zee Entertainment.

Daryl Guppy: Nifty can reach 5650 if it breaches 5150

2009-12-21T23:39:00.000-08:00

Nifty, Nifty Future, Nifty tareget, Nifty short term Target, Nifty Resistance Level
Nifty can reach 5650 if it breaches 5150

In an interview with CNBC-TV18, Daryl Guppy, Founder and Director of Guppytraders.com, spoke about his reading of the market and his outlook.

Below is a verbatim transcript of the interview.

Q: A question on the Dow and the S&P – last night was pretty good for them. Does it look like there is more strength to that market?
A: There is certainly more strength in both of those markets. With the Dow, we still have long-term inverted Head and Shoulder pattern, which gives an upside target of 11,600. It will take sometime to get there. It’s not going to happen before Christmas but these are still strong market. We will be looking for some temporary retracement but continuation of long-term uptrends.

Q: What about the Nifty? We did see 4,950 attain on Nifty yesterday. Do you see some more pressure seep in or do you think the markets can move upwards now depending on the kind of global cues that we get?
A: I think we are going to see the markets moving up. Both the Sensex and the Nifty are moving in a sideways trading band. So we are getting Rally and Retreat behaviour in that trading band. If the Nifty breaks above 5,150 then initial upside target is 5,650. If the Sensex breaks above 17,500 then the initial upside target is 19,500.

Q: What the charts telling you on Tata Motors and what are the targets that you think that this stock has a capacity to go up to?
A: The key thing to be looking for in all of the stocks that I like in particular is strong underlying trends where there is lots of investor activity. We can see this with a Guppy Multiple Moving Average Display (GMMA) where the long-term group of moving average is well is separated. So for Tata Motors, the strong uptrend target gives this an initial target of around Rs 850 – but that just an initial target. The strength in the trend can carry price much beyond that level.

Fairwealth Sec: Buy CMC target of Rs 1530

2009-12-21T23:36:00.000-08:00

CMC target , Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price

Fairwealth Securities has recommended buy rating on CMC with a target of Rs 1530, in its research report.

“CMC synergistic relationship with TCS, CMC is gearing itself in IT industry. In embedded systems, the Company is seeing growth in US, UK and Europe. In Government segment, the Company is seeing traction in treasury management, HRMS systems for various states, energy sector (APDRP, billing), GST related migration. In private sector, the Company is expecting growth from Insurance and Financial sector (depository product), banks. The Company has a good base in Insurance space with 80% of market. The Company would be focusing on the transportation vertical, in e-Governance space with TCS and in Defense space. In the private space it is looking at cross-selling solutions & services. The Company is seeing new services like video surveillance, identity management and large corporate are going for offshore. The company would be re-looking at its franchisee business in E&T SBU. The Company is seeing growth in corporate training business. The Company is focusing on value added services and cost effective niche solutions as CMC already has a rich portfolio of industry specific assets.”

“Phase I of the SEZ has been completed. Phase II would be completed by June 2011 with a capex of Rs 155 crore over 2 years. The Company won defense contract in Q2FY2010 which will improve margins in future as these contracts are all long term contracts. The average deal size is Rs 5 – 10 crore with engagement of 2-3 years. SI with 41.43% PBIT margin in Q1FY10, we see scope of tremendous growth in this SBU which going forward will improve margins for company. Its Egovernance business has a huge potential for growth. Company expects operating profit margin to grow to 20% in next 6-12 months. Presently its stands at 18%, highest ever for the company,” says Fairwealth Securities research report.

To read the full report click on the attachment

Attachments : BuyCMC_Fairwealth.pdf

Havells India slips nearly 7%

2009-12-21T23:35:00.000-08:00

Buzzing Stock, stock advice, Stock CUES, Stock in News,
At 12:54 pm, Havells India was quoting at Rs 534.40, down Rs 38.35, or 6.7%. It has touched an intra day high of Rs 585.80 and an intra day low of Rs 528.65.

It was trading with volumes of 818,264 shares. Yesterday the share closed up 0.94% or Rs 5.35 at Rs 572.75.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	500.85	534.40	33.55	6.70
5-Days	430.00	534.40	104.40	24.28
7-Days	430.85	534.40	103.55	24.03
15-Days	399.10	534.40	135.30	33.90
1-Month	337.00	534.40	197.40	58.58
3-Month	316.55	534.40	217.85	68.82
6-Month	261.10	534.40	273.30	104.67
9-Month	128.45	534.40	405.95	316.04
1-Year	131.75	534.40	402.65	305.62

Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price

2009-12-21T23:34:00.000-08:00

Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price Buzzing Stock, stock advice, Stock CUES, Stock in News, Buy Call, Target,Recommended price

RIL announces 3rd successive gas discovery in KG basin

2009-12-21T23:29:00.000-08:00

RIL announces 3rd successive gas discovery in KG basin
Buzzing Stock, stock advice, Stock CUES, Stock in News,

Mukesh Ambani-promoted Reliance Industries on Tuesday announced its third successive gas discovery in the Krishna Godavari (KG) D3 block.

The deepwater block is located in the Krishna Basin, about 45 kilometres off the coast in the Bay of Bengal.

The block covers an area of 3,288 square km. RIL holds a 90% participating interest (PI) while UK’s Hardy Exploration & Production India Inc holds 10% PI in the block.

Markets Can see Markets sees selling pressure from FIIs selling pressure from FIIs

2009-12-21T20:26:00.000-08:00

Market CUES, Market News, Market Watch, BSE, NSE, Sensex Advice, NIffty, FIIS, FIIS stratedgy,

In the last couple of days, there has been aggressive selling by the larger institutions, especially the foreign institutional investors (FIIs) in the F&O side of the business. This shows that there is a big of nervousness going towards the year end. CNBC-TV18’s Nimesh Shah reports.

Below is a verbatim transcript of his comments on CNBC-TV18. Also watch the accompanying video.

It has been quieter every passing day with lot of dealers on leave. It’s very clearly visible on the volumes as well. They have been slowing down at the institutional desk. However, for the last couple of days you have seen aggressive selling coming in by the larger institutions, especially the foreign institutional investors (FIIs) in the F&O side of the business. This shows that there is a big of nervousness going towards the year end.

You are seeing some bit of selling coming-in in the futures and cash market for the last few days. In yesterday’s trade, the FIIs were net sellers in the cash and futures market. Not much is coming in from global cues. Due to positive trading in the Asian region you will see some bit of positive tick.

It looks like the Nifty is going nowhere for the time being. Since some bit of action is coming in the midcap and non index stocks, focus is largely on that particular side of business. It shows from the kind of breadth you are seeing everyday. In yesterday’s trade, the breadth turned negative. However, there is lot of focus and expectation that the midcap and smallcap will out perform at least for the time being.

advice stock/sectors to be in kidding Market NSE, BSE

2009-12-21T20:22:00.000-08:00

Banking Sector, IT sector, sugar Sector, stock advice, sector Cues, Skidding Market, Market CUES, Market Watch, Market News,

Stock/sector picks

Information Technology: Dhawan feels even if Rolta, in mid-cap IT stocks, correct, there will be a lot of fresh money coming into it. “We have a buy call for traders and investors on the stock.” Geodesic as well has had a pretty decent run-up, according to him. The frontline sector, Dhawan says, has had a good run-up. But, if the market corrects, one will see these sectors coming off probable pretty sharply with investors looking to take profits. “You have to stick to TCS and Infosys,” he advices.

“If there is a correction then obviously look at the frontline but if you are looking at fresh money then I think you have to pay on slightly higher beta and high risk stocks which will be the midcap IT stocks,” he adds.

Orchid: Dalal feels there are three things that are putting pressure on the stock—(1) there was a sell off of one of the major shareholders and obviously they would be best judges of this kind of action taken by the company whether it’s good or bad for the future (2) the company sold off a major business so the growth potential of the company is definitely in question over here and (3) its not the best pharmaceutical company in the midcap space to perhaps invest in. “So, given that it does not have the same kind of management support that it could have had, it’s not something that necessarily one should have to look at and that’s why maybe there is some institutional divestment taking place in the stock.”

DLF: Dalal believes that the biggest mistake the company has made is restructuring itself. “Companies should perhaps structure themselves in a manner in which it appeals not only to them but even to the investors and quite easily so. Also I think that you create some kind of a question mark when you have benefit coming to unlisted companies in such a restructuring.”

Sugar: “I would buy sugar,” says Dalal. “I think that sugar is in for shortage period going forward and there is going to be perhaps even higher sugar prices in time to come. Also the political resistance to increase in price of sugar as a commodity for the people is going down because there is food inflation taking place across. So I would remain positive on sugar for the next year.”

India's gold futures: Global Opinion, Global Cues, Gold, Investments, US Dollars, Dollars,

2009-12-21T20:19:00.000-08:00

India gold futures seen down tracking global cues

India's gold futures are seen extending losses this week tracking international gold which may remain under pressure on a strong dollar and absence of news in the long holiday season ahead, analysts said.

"Gold is likely to remain rangebound or slightly under pressure...in absence of major data release it will track dollar," said Vibhu Ratandhara of Bonanza Commodity Brokers Pvt Ltd.

The most-traded February gold contract was trading 0.02% higher at 16,972 rupees per 10 grams at 5:11 p.m., off an intra-day high of 16,992 rupees The contract has shed more than 7.25% since Dec. 3, when it touched an all-time high of 18,364 rupees.

Three analysts said if the resistance level of 17,300 rupees is not broken prices will remain under pressure.

International gold steadied after multi-week lows on Monday, lacking momentum as the dollar held near three-month highs, with the currency partly underpinned by concerns about debt problems in Dubai and Greece.

Last week gold fell below the psychological support level of USD 1,100 to a six-week low of USD 1,094.50, losing grip of a record high above USD 1,226 hit on December 3.

A firmer dollar usually curbs gold's appeal as an alternative investment and makes the precious metal more expensive for holders of other currencies.

Sudarshan Sukhani's top 5 picks for trade today Buy call, with Recommended price,

2009-12-21T20:16:00.000-08:00

Buy call, Recommendation, Recommended price, Stock in News, Buzzing Stock, stock advice, BSE, NSE,

Sudarshan Sukhani of Technical Trends is bullish on Bajaj Hindusthan, GE Shipping, Hero Honda, Reliance Industries and Suzlon Energy. He advises investors to buy into these stocks.

Here are the key levels:

Buy Bajaj Hindusthan with a target of Rs 216 per share and stop loss at Rs 205 per share.
Buy GE Shipping with a target of Rs 285 per share and stop loss at 261 per share.
Buy Reliance with a target of Rs 1,040 per share and stop loss at Rs 990 per share.
Buy Hero Honda with a target of Rs 1,720 per share and stop loss at Rs 1,640 per share.
Buy Suzlon Energy with a target of Rs 87 per share and stop loss at Rs 77 per share

Currencies, Commodities, US stocks in news, Global M and S, Global Opinion, Global Markets,

2009-12-21T20:12:00.000-08:00

The US market gained despite a strong bounce by the US dollar. The Nasdaq Composite closed at a new 15-month high.

By Varinder Bansal, Research Analyst at CNBC-TV18

The US market gained despite a strong bounce by the US dollar. The Nasdaq Composite closed at a new 15-month high.

The Dow Jones Industrial Average ended up 85 points at 10,414. The Nasdaq ended up 26 points at 2,238 and the S&P 500 Index was up 11.6 points at 1,114.

US Advancing Sectors: Financials gained 1.5%). Consumer Discretionary was up 1.3% and Materials up 1.2%.

Asian markets gained in opening trade. Straits Times was up 1.3%. Nikkei and Hang Seng were up 1% each. Taiwan was up 0.78% and Kospi up 0.3%. However, Shanghai was down 0.2%. SGX Nifty gained 0.6%.

European markets ended higher. The CAC was up 2%, DAX up 1.7% and FTSE up 1.87%. CBOE VIX was down 5.5% at 20.5.

US stocks in news

Alcoa was up 8%, as Morgan Stanley upgraded the stock to "overweight"; best monthly gain in last 10 years.

Intel was up 2.4%. It hit 52-week high after Barclays upgraded the stock to "overweight".

Sanofi Aventis fell 0.3% and Chattem was up 33% after Sanofi bought Chattem for $1.9 billion.

Healthcare stocks gained as Senate bill advanced.

Global M&S

Indian ADRs; Tata Communications was down 5.5%, Wipro down 3.5% and Sterlite down 3%.

Global Metals: Alcoa was up 7.9%, ArcelorMittal up 3.4% and Vedanta up 2.3%.

Global Opinion

Bank of Japan Governor said that the central bank will “persistently” keep interest rates at close to zero.

Commodities

CRB Commodity Index ended down 0.5% after opening up 0.6% gain in early trade.

Crude oil was down 1% at $73.7/bbl ahead of OPEC meeting today.

February gold was down 1.4% at $1096/ounce.

March silver was down 1.7% at $17.04/ounce.

London Metal Exchange Index of six metals including copper and aluminum rose 1.5%.

Baltic Dry Index was down 3.2%.

Currencies

Dollar Index ended up 0.4% after opening down 0.3% in early trade.

Dollar Index gained for fifth straight day.

Dollar went up 45 bps versus Euro at 1.428.

Yen depreciated 1.2% versus USD at 91.4.

Korean Won depreciated 1.66% versus USD.

Data to watch

OPEC meeting today

US 3Q Final GDP ((preliminary GDP at 2.8% against advance estimate of 3.5%))

UK 3Q GDP

New Zealand 3Q GDP

US Personal Consumption Expenditure

US Existing Home Sales

BoJ’s Governor Shirakawa Speech

Buzzing Stock, Stock CUES, Stock in News, Buy call, RIL, Ispat Today 22dec 2009

2009-12-21T20:10:00.000-08:00

Buzzing Stock, Stock CUES, Stock in News, Buy call, RIL, Ispat

RIL – Llyondell Basell (LB) update: CNBC-TV18 Exclusive: Sources
-Working on revised binding proposal for stake in LB
-May look at higher cash payout for strategic stake
-Alternatively a restructuring plan to increase cash flow
-Final offer may be combination of both
-Proposal has to be attractive for creditors to gain support
-Revised valuation for LB still not finalised
-CNBC-TV18 ALERT: LB's own revised proposal is for approximately $8 billion

RIL – SEBI letter: CNBC TV18 exclusive
-MCA orders scrutiny by Registrar Of Co’s after Sebi letter: Sources
-Non-invasive scrutiny to be conducted by RoC;
-Scrutiny on basis of info available in public domain & govt records: Srcs
-MCA to ask for substantial evidence from Sebi & keen on proactive action by Sebi: Srcs
-Alert: RIL issued 1,87,000 NCD’s worth Rs 300 crore in 1994 & 120 million equity shares in January 2000 on exercise of option warrants
Alert: Sebi asked MCA to look into share allotment, RIL board role & funding

Ispat debt recast
-Lenders give final nod to Ispat Industries debt recast: Srcs
-Total debt of Rs 6,500 crore across 14 lenders
-Lenders approve Ispat Industries 1 MTPA coke oven plant in Raigad
-Promoters asked to pledge 95% shareholding against 100%
-Company to hedge interest risk of its Rs 2000 crore FX loan
-Lenders approve company's Rs 500 crore QIP
-Company aims to complete coke oven plant project by December 2011
CNBC-TV18 ALERT:
-Coke Oven Plant an SPV, in JV with Stemcor
-IDBI Bank, ICICI Bank & IFCI lead arrangers

A Raja Says
-4 slots of 3G to be auctioned
-Slots to be allocated by August 2010
-All slots to be given at same time
-3G Auction to be conducted as per schedule; scheduled for January 14

Asian Oilfield, Aegis, Jet Air, Hind Comp stock in news buy call

2009-12-21T20:05:00.000-08:00

Asian Oilfield, Aegis, Jet Air, TVS motors, Hind Comp, Zandu Pharmaceuticals, Unity Infra, IFCI, stock advice, Buzzing Stock, Stock in News, Stock CUES,

-NSE may consider 9-5 trading in index futures – ET (Nirmal Jain, Rashesh Shah, Dinesh Thakkar, Madhabi Puri Buch and Satish Menom meet NSE to discuss the same)
-Great Offshore open offer closes today
-Indian ADR: Tata Communications down 5.5%, Wipro down 3.5%, Sterlite Industries down 3%, Satyam down 2.2%
-Russian Billionaire Len Blavathik says RIL bid of LB too low – ET
-Golden Tobacco board approves developing its Vile Parle Property
-Govt likely to ban FDI in tobacco – ET
-Wadhwa group buy LBS plot for Rs 570 crore from Hindustan Composite – (Hindustan Composite is BSE listed Co – CMP Rs 358)
-Joint house committee has recommending blacklisting Siemens, L&T and Zurich Airport for faulty design of Bengaluru International Airport – TOI (JHC also indicted Narayan Murthy, Rajeev Chandrashekar and others)
-TVS Motors plans 200cc Motorcycle – BS
-Ansal API plans to raise Rs 650 crore via QIP in February – FE (Management says cant comment on speculation)
-Airlines to break even for first time in Seven quarters, Jet likely to break even, Spice may scoop a profit – DNA
-Cement prices hiked by Rs 5/bag in Mumbai from Monday – DNA
-Unity Infra raises Rs 73 crore via QIP at an issue price of Rs 506
-Aegis Logistics board approves acquisition of 100% Equity Capital of Shell Gas
-No circuit filter on Zandu Pharmaceuticals
-Asian Oilfield board meet today to consider additional funding
-IFCI in NSE F&O curb

ING Vysya Bank stock gains 3.5% after Block deal of 22.5 lakh ING Vysya Bank shares

2009-12-20T22:06:00.000-08:00

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ING Vysya Bank touched an intraday high of Rs 310.30 and an intraday low of Rs 290. At 11:28 am, the share was quoting at Rs 303, up Rs 10.40, or 3.55%.

There was a block deal of 22.5 lakh ING Vysya Bank shares on NSE at Rs 300 per share, reports CNBC-TV18.

It was trading with volumes of 2,391,060 shares. On Friday the share closed down 1.80% or Rs 5.35 at Rs 292.60.

NAVs end with negative returns as mkts slip 1%

2009-12-20T22:04:00.000-08:00

Equity diversified Fund, ong term debt funds, Short term debt funds, Pharma funds, Banking funds, FMCG funds, technology funds

Equity diversified NAVs ended with negative returns and their advance:decline ratio stood at 13:239. The Nifty closed below the psychological 5,000 mark for the first time in the last 15 sessions, down 1%. The sell-off was seen across all the sectors barring pharma and auto. Realty, oil & gas, banking and FMCG were the major losers. However, Tata Motors, TCS, HCL Tech, Wipro, Sun Pharma, Ranbaxy, Hero Honda and Cipla were the only gainers.

The 30-share BSE Sensex closed at 16,719.83, down 174.42 points or 1.03% and the 50-share NSE Nifty fell 1.07% or 54.05 points, to settle at 4,987.70.

On the sectoral front, banking, FMCG and technology funds declined while pharma funds advanced. The BSE Bank, FMCG and IT indices were down by 1.22%, 1.23% and 0.62%, respectively. However, the BSE Healthcare index was up 1.32%.

Long term debt funds also ended lower while short term debt funds closed with positive returns; their advance:decline ratio stood at 21:58 and 68:30, respectively.

* Equity diversified NAVs end with negative returns
* Banking, FMCG and technology funds decline
* Pharma funds advance
* Long term debt funds end lower
* Short term debt funds close with positive returns

Top gainers, Top losers: Equity diversified Fund, Tax saving funds, Sector funds, Balanced funds on Sat, Dec 19, 2009

2009-12-20T22:01:00.000-08:00

Here is the day’s performance and the gainers and losers across categories.

Equity diversified: Top gainers

Taurus Ethical Fund (G) up 0.51%
Sahara Star Value Fund (G) up 0.45%
Escorts Power and Energy Fund (G) up 0.40%

Equity diversified: Top losers

Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 2.15%
Birla Sun Life Commodity Equities - Global Multi Commodity Plan - RP (G) down 2.55%
Birla Sun Life Commodity Equities - Global Precious Metals Plan -RP (G) down 4.74%

Tax saving funds: Top gainers

No Gainers

Tax saving funds: Top losers

JM Tax Gain Fund (G) up 1.25%
Baroda Pioneer ELSS 96 up 1.21%
Birla Sun Life Tax Relief 96 (G) up 1.04%

Sector funds: Top gainers

UTI Pharma & Healthcare Fund (G) up 1.28%
SBI Magnum Pharma Fund (G) up 1.02%
Franklin Pharma Fund (G) up 0.89%

Sector funds: Top losers

Reliance Media & Entertainment Fund (G) down 2.09%
JM Financial Services Sector Fund (G) down 1.16%
Sundaram BNP Paribas Financial Services Opportunities - Retail Plan (G) down 1.13%

Balanced funds: Top gainers

Escorts Balanced Fund (G) up 0.07%

Balanced funds: Top losers

Principal Balanced Fund (G) down 0.89%
Baroda Pioneer Balance Fund (G) down 0.78%
LIC MF Unit Linked Insurance Scheme down 0.77%

Bharti AXA Tax Advantage Fund Dividend Announcement,

2009-12-20T21:59:00.000-08:00

Bharti AXA, Tax Advantage Fund, Dividend Announcement, Bharti AXA Tax Advantage Fund, Mutual Fund Tax, Mutual Funds,

Bharti AXA Mutual Fund has declared dividend of 30% (Rs 3 per unit on Face Value of Rs 10) under the dividend options of Regular and Eco plan of Bharti AXA Tax Advantage Fund. The record date for dividend is December 23, 2009. (Check out - Recent MF Dividends)

All unit holders registered under the dividend option of the above scheme /plan as on December 23, 2009 will be eligible for this dividend. The NAVs of the schemes under dividend option as on December 18, 2009 was Rs 21.11and Rs 21.14 respectively.

Bharti AXA Tax Advantage Fund is an open ended equity linked saving scheme. The investment objective of the scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund.

ICICI Pru Power Plan and ICICI Balanced Fund declares dividend

2009-12-20T21:57:00.000-08:00

ICICI Pru Power Plan, ICICI Balanced Fund, dividend, Dividend Announcement, Mutual Fund Dividend Announcement, ICICI Pru Power Plan, ICICI Balanced Fund,

ICICI Pru Power Plan and ICICI Balanced Fund declares dividend

ICICI Prudential Mutual Fund has declared a dividend of 10% (Re 1 per unit on a face value of Rs 10), in its open-ended equity schemes - ICICI Prudential Power Plan. The objective of the scheme is to generate long term capital appreciation through investments in core sectors & associated feeder industries. (Check out - Recent MF Dividends)

The AMC have also announced a dividend of 6% (Re 0.6 per unit on a face value of Rs 10) in ICICI Prudential Balanced Fund, an open ended balanced fund with the investment objective to generate long term capital appreciation and current income by creating a portfolio invested in equity and equity-related securities as well as in fixed income and money market.

All unit holders registered under the dividend option of the schemes as on December 24, 2009 will be eligible for this dividend. The NAV of the schemes under dividend option as on December 18, 2009 was Rs 16.03 and Rs 14.97 respectively.

Markets may now “drift down quietly” till the year end

2009-12-20T21:52:00.000-08:00

According to Kirby Daley, Senior Strategist at the Newedge Group, markets may now “drift down quietly” till the year end though there may not be a sell-off. Dollar strength could be story of 2010, Is it the end of the dollar's decline?

It’s turning out to be a quiet — and tiring — end to the year for equities, a year that ironically saw one of the biggest rally seen in recent times. Stocks in emerging market economies as well the developed world including the US have seen a sharp rally from the March lows when markets bottomed out in the wake of the financial crisis.

According to Kirby Daley, Senior Strategist at the Newedge Group, markets may now “drift down quietly” till the year end though there may not be a sell-off. “We remain sceptical on the markets globally, and also of the sustainability of the economic recovery if the government stimulus is withdrawn,” he said.

Daley added that the recent strength seen in the US dollar against a basket of other currencies may continue and could be “the story of 2010”. That may be come as bad news for emerging markets and commodities as it is generally perceived a weaker dollar tends to be better for these asset classes.

Here is a verbatim transcript of an exclusive interview with Kirby Daley on

CNBC-TV18. Also watch the accompanying video.
Q: Do you think the market weakness is linked to the snapback in the dollar or is there something else driving it?
A: It’s just a general wind down to the end of the year. I do not think there is any impetus after the strong performance of markets overall this year to rally into the year-end. I think the rather the more logical scenario was people to take some profits, take some money off the table and I expected a very quiet drift into the new year and it looks like that’s what we are getting. There is a lot of conflicting news out there, some positive economic signs - they can be interpreted both ways.

Until investors come back fresh in the new year getting new perspective we are probably unlikely to see any major swings in markets. I do not think that there is anything overwhelming negative that’s going to spark a sell-off but I do think that the markets are a bit tired after the excessive run that they have had.

Q: How high would you rate the outside chances of a sharp cut because through last week a couple of Asian markets like ours actually lost quite a bit?
A: The risk is to the downside. The investors need to be aware of that even though we probably are unlikely to see any major move that doesn’t mean that there couldn’t be shock to the system whether it’s geopolitical or whatever the event maybe that could spark an event. There is a far higher chance of something sparking a large sell off in most markets then there is if any good news coming out would cause a rally that it would get away from investors. So as a trader or investor you need to keep that in mind. The risk is far more to a downside sell off than to any type of a rally upwards from here.

Anu Jain: Syndicate Bank, Dena Bank and Canara Bank can show a pull back

2009-12-20T21:49:00.000-08:00

Syndicate Bank, Dena Bank and Canara Bank can show a pull back when the market stabilized, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "The PSU midcap banks have seen a lot of short build-ups, so amongst them Andhra Bank seems to be the weakest. You have seen some kind of a pullback in Canara Bank and Dena bank but when the markets starts to sell off that build-up which happens on the positive side just gets sold into, so some of midcap banking are showing some kind of a resilience. Probably Syndicate Bank, Dena Bank and Canara Bank can show a pull back when the market stabilized, but the others still have a lot more pain left.”

She further added, “In the private banking sector there is a short build up; so be it Kotak Mahindra, be it ICICI Bank, Axis Bank though Axis is showing the first kind of semblance of some kind of taking support at the bottom. So one has to see how it plays out but I think the three banks that I mentioned look far stronger than the others."

On Arm's integration DLF's debt rise to Rs 2200 cr

2009-12-20T21:45:00.000-08:00

DLF, Real estate, DLF Cyber City, DLF Assets , DLF Stock CUES, DLF Stock in News,

Real estate company DLF's over all debt will go up by Rs 2,200 crore as a result of integration of its wholly-owned subsidiary DLF Cyber City Developers Ltd with Caraf Builders & Constructions (a KP Singh company that owns DLF Assets Ltd).

DLF Board has in-principle approved the integration, that will see DLF Ltd holding 60 per cent interest in the entity formed by consolidation of its own commercial property subsidiary and the property trust.

The remaining 40 per cent will be held by promoter Mr K P Singh and family.

RELATED NEWS

* DLF board approves integration of DLF Cyber City with Caraf
* DLF Assets eyes up to $1 billion S'pore listing
* Do not buy DLF, says Mehraboon Irani
* DAL assets worth Rs 10500cr in DLF's books: IIFL

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In effect, DAL will now be brought into DLF's fold through this integration. DLF plans to list the property trust in Singapore in 2010. DLF said that the integration will be a “net cashless transaction” but did not reveal either the enterprise valuation of the two entities involved or the modalities of the deal.

The move has evoked a mixed reaction from analysts.

A Mumbai-based analyst told Business Line that it is difficult to draw conclusions in absence of information such as valuation or cash position of the two entities involved.

The deal is expected to be closely scrutinised by shareholders of DLF and the market as it involves promoter entity transaction.

However, some feel that the integration resolves the long-standing issue of conflict of interest and related party transaction (DAL had been prime buyer of DLF's commercial property at one time).

“A committee of independent directors, assisted by a team of advisors had recommended the structure and the valuations to the DLF board for its consideration...It puts to rest the questions raised in the market from time to time on related party transactions between DLF and its' promoters.

“Also, it makes the overall corporate structure more robust," Mr Aashiesh Agarwaal, a real estate analyst with Edelweiss said

Addressing mediapersons here, DLF said that Caraf's debt position stands at Rs 700 crore and that of DAL at Rs 1,500 crore.

“This means a consolidated debt of Rs 2,200 crore. DLF's overall debt will go up by Rs 2,200 crore. But this is all lease rental discounting debt and hence there is no cash flow implication for DLF Ltd…It will get paid off from the lease rentals,” DLF Executive Director (Finance) Mr Saurabh Chawla said.

Hindustan Copper board of directors has recommended dilution of 20% stake in the company

2009-12-20T21:41:00.000-08:00

Hindustan Copper, Hindustan Copper dilution of stake, Buzzing Stock Hindustan Copper , Hindustan Copper stock advice, Hindustan Copper stock CUES, Stock in News Hindustan Copper ,

Hindustan Copper seeks 20% stake dilution

The board of directors of Hindustan Copper has recommended dilution of 20% stake in the company. The new CMD of the public sector entity, Mr Shakeel Ahmed, said this on the sidelines of a seminar organised by CII here on Thursday.

Mr Ahmed said it was decided to peg the dilution at 20% at the recent board meeting. This decision is effectively a recommendation to the Government, which owns 99.59% stake in the listed company.
He expected that the Ministries of Mines, Disinvestment and Finance would consider the board's proposal before taking a final call.

The board recommendation comes ahead of the Government's decision on disinvestment, likely in the next financial year.

Mr Ahmed said Hindustan Copper needed funds for two of its three smelters' operational and mining expansions. Thus apart from divestment, Hindustan Copper has suggested that a follow-on offer would also be necessary to raise funds. The equity dilution would also increase the market float and activity in the stock.

Mining Operations of the company in Rajasthan and Madhya Pradesh have been affected by water shortage and the company needs to invest around Rs 50 crore to improve availability. It has also planned to restart mining at some of its unused mines in Jharkhand and Rajasthan.

Recovery in LME copper prices have improved the margins for the company but lower scale of operation, both mining and smelting, has forced the topline to decline.

The lower cash flow is one of the reasons for seeking funds by Hindustan Copper. Mr Ahmed indicated the company is planning to raise over Rs 1,500 crore to meet its planned expenditures.Taken from The Hindu Business Line

Hemant Thukral, Asian Markets Securities Bajaj Hindusthan can go upto Rs 225-226

2009-12-20T21:40:00.000-08:00

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Bajaj Hindusthan can go upto Rs 225-226, says Hemant Thukral, Asian Markets Securities.

Thukral told CNBC-TV18, "Sugar stocks are seeing lot of buying interest. Bajaj Hindusthan has consolidated a lot around Rs 204-205. On Friday we did see some buying coming back, open interest adding up with rising cost of carry telling me some long positions being added up."

He further added, "Baja Hindusthan looks good to go upto Rs 225-226. Overall sugar pack did see some buying coming back on Friday."

Hemant Thukral, Asian Markets Securities: Deccan Chronicle can test Rs 170-172

2009-12-20T21:35:00.000-08:00

Deccan Chronicle Holdings Deccan Chronicle stock prices, Deccan Chronicle F&O Qoute DeccanChronicle Historic price charts Deccan Chronicleiin NSE Deccan Chronicle BSE.

Deccan Chronicle can test Rs 170-172, says Hemant Thukral, Asian Markets Securities.

Thukral told CNBC-TV18, "Deccan Chronicle belongs to a sector which has seen buying in the last one week. The stock has seen lot of short covering on Friday itself and it has given a good breakout out above Rs 155. We feel that the stock is ready to go to Rs 170-172 in the immediate short-term."

He further added, "One has to keep a stoploss around the Rs 150-152 mark. The traders have to keep that but over the increase in Cost of Carry is also suggesting that the stock is looking quite strong in the immediate short-term."

Reliance Industries dips further after friday 2.28% down

2009-12-20T21:31:00.000-08:00

Reliance Industries stock prices, Reliance Industries F&O Qoute along with Reliance Industries Historic price Reliance Industries News
Reliance Industries touched an intraday high of Rs 1,034.75 and an intraday low of Rs 990. At 10:53 am, the share was quoting at Rs 1,001, down Rs 9.45, or 0.94%.

SEBI has asked government to consider action against RIL for allegedly routing funds to dummy companies for buying large quantity of its shares in 2000, reports PTI.

It was trading with volumes of 354,370 shares. On Friday the share closed down 2.28% or Rs 23.60 at Rs 1,010.45.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	1046.95	1001.00	-45.95	-4.39
5-Days	1066.35	1001.00	-65.35	-6.13
7-Days	1068.95	1001.00	-67.95	-6.36
15-Days	1101.55	1001.00	-100.55	-9.13
1-Month	1051.23	1001.00	-50.23	-4.78
3-Month	1049.35	1001.00	-48.35	-4.61
6-Month	1012.48	1001.00	-11.48	-1.13
9-Month	665.65	1001.00	335.35	50.38
1-Year	680.10	1001.00	320.90	47.18

Karvy: Strong pricing improvement expected for Infosys Technolgies

2009-12-20T21:27:00.000-08:00

Karvy, Infosys Technolgies, Expert Advice, Buzzing Stock, Recommendation,
R Ravi of Karvy Stock Broking comments on the expected performance of Infosys in this quarter. He feels that there is going to be a very strong pricing improvement.

Ravi is not expecting volume growth to be significant.He predicts that the positive surprise would be the increase on the billing rate and the revenue from the US will be coming down.
Excerpts from CNBC-TV18's exclusive interview with R Ravi:

Q: What do you expect from Infosys this quarter?
A: I am expecting 6.8% sequential growth in net profits to Rs 992 cr and I think it is slightly more than what the market consensus is of Rs 982. In terms of revenue growth I am expecting 8.3% and I am not expecting any serious operating margin contraction and actually it will hold on to the last quarter level. Most analyst are not factoring the kind of billing rate increase they may get, I think we will all be positively surprised by the company.

I think there is going to be a very strong pricing improvement and there could be a strong increase in offshore, all these are going to keep the operating margin level at the last quarter level of 30.1 despite the utilisation rate dipping a bit.

Q: Could there be any surprises on the volume growth front because most people are going by 9-10% volume growth and are subtracting the rupee appreciation from that?
A: I am not expecting volume growth to be anything significant and different because you are going to lose 4% on account of man dates on account of Christmas and New Year in US but where there will be positive surprise would be the billing rates. The company can get close to 1.5% increase in billing rates though I have not factored that but we could see a repeat of increase in billing rates like what we saw in the last quarter. If that happens, that would seriously mitigate the rupee appreciation to a great extent.

Q: Do you expect the company to up its full year guidance?
A: Well it might be a moderate rise, we are expecting a full year EPS of Rs 70 and I am not seeing anything significantly up. I think the company would close the year with Rs 70 and maybe for next year the company would end up doing and EPS of close to Rs 90-95.

So the positive surprise would be the increase on billing rate and secondly what we will see going forward is that the revenue from US will be coming down and probably an increase in revenues from Japan will happen over the next 4-8 quarters and maybe even Europe will go up significantly and that is going to be a serious de-risking of revenues not only by geography but also de-risking of revenues by currency, so even if the dollar depreciates the impact on margins will be minimal and the fear of wage will go up and that will have impact on the balance sheet and profitability.

Sensex Advice: Shankar Sharma: Sensex can Touch 12000 before 21000

2009-12-20T21:23:00.000-08:00

he markets have faced huge volatility for the last two years, says Shankar Sharma, Vice Chairman and Joint Managing Director, First Global, adding however, the low volatility period will break in two-three months. “Compared to 2009, 2010 will be tougher for the bulls.” However, he expects to see 12,000 on the Sensex before 21,000.

Being bullish on Pharma, including Ranbaxy and Orchid Chemicals, he says, emerging markets could underperform going ahead. He expects rates to harden more in emerging markets than developed markets.

Though Sharma is bullish on auto as well, he believes that the stocks will fall in market correction. Further he says, “The markets are struggling globally despite positive economic data—the gross domestic product numbers have been good around the world.”

Inflation, Sharma says, is a bigger concern than high interest rates. “It could go up to 10% by March.” Here is a verbatim transcript of the exclusive interview with Shankar Sharma on CNBC-TV18. Also watch the accompanying video.

Q: What have you have made of this trading extension to 9 am?
A: I was planning to retire by the middle of 2010 but it seems I will have to retire on January 3 now because I am not at all a morning person. I find it hard to get up even at 8 am and to make to office by 9 am or 8:45 am is impossible. So count me out on Corporate Radar [CNBC-TV18’s morning show] from January 4 at 9-10 am – it is not going to happen. I think it is an absolute an absurd move.

What is shocking is that it’s completely undemocratic. The biggest interest groups in the markets are brokers. They are the guys who should be making the decision on whether they want extra business or not. Stock exchanges might have become for-profit in manner of speaking but essentially they are to provide a service. They are not there to really make money. So for them to chase higher volumes somehow it doesn’t sit right, brokers should be making a case for higher volumes. Why are stock exchanges so interested in increasing their volumes? To best of my knowledge, National Stock Exchange is never going to do a listing and the Bombay Stock Exchange’s listing is going to happen sometime in 2020 by the looks of it.

So I don’t understand that the guys who are most interested in increasing volumes, which are brokers, 70% of them have had thumbs down on this proposal and yet the stock exchange is in a manner more reminiscent of Hitler’s Germany decide that, “This is it. Take it or leave it”.

I really pine for the good old days the early 90s or 80s where brokers would have gone on strike. That is really what is required today. Unfortunately, brokers have been emasculated by the emergence of a regulator, which back In the 80s did not exists.

But in democracy dharna or a strike is a legitimate tool and I think this is something that requires the Finance Minister intervention. You cannot timings and call yourself Singapore. It requires a lot more than just increasing hours of trading.

People will have to leave their home at 6 am to make it to work in time at 8 am into office. In most Indian metros I don’t think you have a commuting time of less than an hour-and-half unless one is a fat cat. A lot of the stock exchange people are very well paid. They probably leave two minutes away from their stock exchanges. But 90% of the people involved in the market are nowhere that close. I just don’t see where this is going to go. It makes no sense whatsoever.

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Anu Jain : Accumulate Mphasis on dips Expert Advice,Buzzing Stock,

2009-12-20T21:21:00.000-08:00

Accumulate Mphasis on dips, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Mphasis had given the first signal on Thursday of kind of bottoming out and coming out of it. It closed over Rs 717 odd levels, which was quite crucial and it closed almost 13 week high.”

She further added, “It looks good for Rs 747-748. Once it crosses that it will go back to the previous highs, which it made closer to Rs 785-790. So this is a stock which I like and probably if there is any dip I would love to accumulate this stock."

Prime Focus earns $ 18mn from Avatar's visual effects

2009-12-20T21:19:00.000-08:00

Prime Focus earns $ 18mn from Avatar's visual effects: Prime Focus, Stock CUES, Buzzing Stock, stock advice,

Prime Focus touched an intraday high of Rs 251 and an intraday low of Rs 234.90. At 09:59 am, the share was quoting at Rs 247, up Rs 17.20, or 7.48%.

The company has earned USD 18 million for providing visual effects in Avatar, reports Business Standard.

It was trading with volumes of 1,762 shares. On Friday the share closed down 0.50% or Rs 1.15 at Rs 229.80.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	222.80	252.75	29.95	13.44
5-Days	222.05	252.75	30.70	13.83
7-Days	225.75	252.75	27.00	11.96
15-Days	218.25	252.75	34.50	15.81
1-Month	202.70	252.75	50.05	24.69
3-Month	192.80	252.75	59.95	31.09
6-Month	186.80	252.75	65.95	35.31
9-Month	80.10	252.75	172.65	215.54
1-Year	118.70	252.75	134.05	112.93

Anu Jain: Carol Info Services can test Rs 73 Carol Info Services Recommended price,

2009-12-20T20:33:00.000-08:00

Carol Info Services can test Rs 73, says Anu Jain, Vice President - IIFL Private Wealth Management, India Infoline.

Jain told CNBC-TV18, "Carol Info Services looks good to go upto Rs 73. It has moved inched up in everyday of the last 6-7 sessions when the market was inching down, so it is showing exceptional accumulation and strength. Volumes were a bit less; it was about 6 lakh, which are kind of traded but I think it is a fair bit for somebody who wants to trade into it.”

She further added, “If it stays over the Rs 67.75, which it made on Friday, it is poised towards Rs 73. So this is more of a trading call.”

Pre Market Cues: Global Markets

2009-12-20T20:24:00.000-08:00

Mon, Dec 21, 2009: Asian trading mixed; Hang Seng down, Nikkei up
At 8: 01 am (IST), Asian markets were trading mixed. China's Shanghai Composite was flat at 3,114.52.

Hong Kong's Hang Seng was down 0.42% or 89.22 points at 21,086.66.
Japan's Nikkei was up 0.62% or 63.09 points at 10,205.14.
Singapore's Straits Times was flat at 2,803.15.
South Korea's Seoul Composite was flat at 1,644.75.
Taiwan's Taiwan Weighted gained 0.52% or 40.22 points at 7,793.85.

Asian Markets
Nikkei 225	10,196.71	10,215.49	10,187.78	10,205.89	63.84	0.63

Straits Times	2,805.37	2,809.76	2,796.01	2,796.91	-5.68	-0.20

Hang Seng	21,110.24	21,178.45	21,022.08	21,040.19	-135.69	-0.64

Taiwan Weighted	7,797.65	7,827.14	7,789.15	7,809.86	56.23	0.72

KOSPI	1,646.32	1,650.89	1,637.23	1,646.68	-0.36	-0.02

SET Composite	587.18	588.89	575.26	575.81	-10.33	-1.79

Jakarta Composite	2,508.96	2,509.38	2,447.94	2,455.95	-53.63	-2.18

Shanghai Composite	3,108.07	3,123.90	3,088.82	3,094.59	-19.30	-0.62

Sat, Dec 19, 2009 Wall Street ends higher; tech stocks push Nasdaq up 1.5%

The US markets ended with moderate gains on Friday. The Nasdaq, which consists mostly of technology stocks, rallied post better quarterly performance from Oracle and Research in Motion (RIM). The gains in Dow and S&P got curbed by rise in the dollar index.

Technology stocks witnessed buying interest post the news. Oracle jumped 6.4% to USD 24.34; its Q2FY10 net profit went up 12.31% to USD 1.46 billion from USD 1.3 billion in the same quarter of previous year. Its sales increased to USD 5.9 billion from USD 5.6 billion YoY).

RIM's Q3 net income increased 58.57% to USD 628.4 million as against USD 396.3 million in the same period of previous year. It has reported revenues of USD 3.92 billion for the quarter ended November 28 versus USD 2.78 billion (YoY). The stock gained 10%.

Buy Reliance Industries at Rs 900-950, says Technical Analyst, Ashwani Gujral.

2009-12-20T20:22:00.000-08:00

Technical Analyst, Ashwani Gujral says , Buy Reliance Industries at Rs 900-950

Gujral told CNBC-TV18, "In Reliance Industries on any correction if one gets between Rs 900 and 950 that is a great price to add. With such long terms stocks, once you have it at a good price, you should always look to add at lower levels.”

He further added, “The range remains broadly between Rs 950 to about Rs 1100; so it is still is a range bound stock. But at lower levels if you buy, it gives you a good risk reward and you again have about at 15-20% upside.”

Hold Steel Authority of India (SAIL), says Sajiv Dhawan of JV Capital Services.

2009-12-20T20:21:00.000-08:00

Hold Steel Authority of India (SAIL), says Sajiv Dhawan of JV Capital Services.

Dhawan told CNBC-TV18, "SAIL is in the news for its follow on public offer, so the price should stay reasonably firm if the government wants this to go through smoothly and attract retail interest into the stock. They are going to use the money for further expansion. So the company is doing very good compared to they were several years ago and most investors will remember that this is a penny stock.”

He further added, “The valuation again on the higher side in its peer group compared to some other steel companies. So probably hold on if you are a medium to longer term investor. If you are a short term trader wait till this follow on issue comes in the next 4-5 weeks or so and then maybe you could use that as an option to lighten up and reduce the positions. But the sector does look reasonably robust and if it is a significant crush in the markets then we would look to accumulate again this stock on any decline.”

Hold Reliance Industries: Sajiv Dhawan of JV Capital Services.

2009-12-20T20:19:00.000-08:00

Hold Reliance Industries, says Sajiv Dhawan of JV Capital Services.

Dhawan told CNBC-TV18, "One can accumulate Reliance Industries on decline and continue to hold. It consistently rewarded the shareholders who have been patient. It has been on under the weather from the stock market perspective, no real positive news over the last year or so. They have large acquisitions, which they were planning seems to have run into a rough weather as well which has dragged the stock down over the last week or so as well.”

He further added, “In RNRL-RIL case it is very difficult to predict what is going to happen there. I think that kind of uncertainty, once that is finally over and done, investors will re-look at the stock. The institutions do obviously have to buy positions in index heavy weight. Patient investors can hold on and can buy on any decline.”

Punj Lloyd Limited - Allotment of shares

2009-12-10T18:02:00.000-08:00

Punj Lloyd, Limited , Allotment of shares, Punj, Lloyd, Limited ,Allotment ,shares,Punj Lloyd Limited,Allotment of shares

Punj Lloyd Limited - Allotment of shares

Dec 9 2009

Dec 9 2009

Punj Lloyd Limited has informed the Exchange that the Committee of Directors has in its meeting held on December 07, 2009 allotted 1,77,410 equity shares of Rs.2 each to the eligible employees under ESOP 2005 and 7,230 equity shares of Rs.2 each to the eligible employees under ESOP 2006 of the Company.

Paramount Communications Ltd - Outcome of Board Meeting

2009-12-10T18:01:00.000-08:00

Paramount Communications Ltd - Outcome of Board Meeting, Paramount, Communications, Ltd,Outcome,Board Meeting
Dec 9 2009
Paramount Communications Ltd has informed the Exchange that the Board of Director in their meeting held on December 09, 2009, allotted 5,000,000 warrants convertible into equity shares on preferential basis to the following Promoter Companies in accordance with SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009. (1) Name of the Allottee- April Investment and Finance Private Limited; No. of Convertible Warrants allotted- 6,00,000; (2) Name of the Allottee- Worth Finance and Leasing Private Limited; No. of Convertible Warrants allotted- 44,00,000.

Dec 9 2009 Gtl Infrastructure Limited Allotment

2009-12-10T18:00:00.000-08:00

GTL Infrastructure Limited,Allotment, GTL, Infrastructure, Limited, Allotment of shares, GTL Infrastructure Limited, GTL Infrastructure Limited Allotment
Dec 9 2009

Gtl Infrastructure Limited has informed the Exchange that the Committee of Board at its meeting held on December 09, 2009, has allotted 59,07,850 Options at Exercise Price of Rs.28/- per option, in terms of the Employees Stock Options Scheme 2005 of the Company.

Gitanjali Gems Limited - Daily Buy-Back of equity shares

2009-12-10T17:58:00.000-08:00

Gitanjali Gems Limited,Daily, Buy Back,equity , shares, Gitanjali Gems, Limited ,Daily BuyBack of equity shares Dec 9 2009
Keynote Corporate Services Limited has informed the Exchange regarding the details of the equity shares of Gitanjali Gems Limited bought back through the Stock Exchange on December 08, 2009. Number of Equity Shares bought back on December 08, 2009: 13,364.

Dr. Reddy's Laboratories Ltd. - Allotment of Equity Shares

2009-12-10T17:57:00.002-08:00

Dr. Reddy's, Laboratories Ltd,Allotment,Equity, Shares, Dr. Reddy's, Laboratories, Ltd, Allotment of Equity Shares, Dr. Reddy's Laboratories Ltd, Allotment of Equity Shares
Dec 9 2009

Dr. Reddy'S Laboratories Ltd. has informed the Exchange that "The Governance & Compensation Committee of the Board of Directors of the Company has allotted the following equity shares of Rs.5/- each of the Company, fully paid up on December 08, 2009, to Employees on exercise of their Stock Options. (a) 21,884 equity shares of Rs.5/- each pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002. (b) 1,450 equity shares of Rs.5/- each underlying 1,450 ADRs pursuant to Dr. Reddy's Employees ADR Stock Option Scheme, 2007".

Assam Company Limited - Buyback of FCCBs

2009-12-10T17:57:00.001-08:00

Assam Company, Limited, Buyback ,FCCBs ,Assam Company Limited, Buyback of FCCBs

Dec 9 2009

Assam Company Limited has informed the Exchange vide its letter dated December 08, 2009 that "Assam Company Limited has bought back, through open market operation, Foreign Currency Convertible Bonds (FCCBs), of US$ 6.7 million at a discount. The Company's outstanding FCCBs due 2011 as on date stands at US $ 34 million".

Apcotex Industries Limited - Public Announcement - Buyback of Shares

2009-12-10T17:52:00.000-08:00

Apcotex Industries Limited,Public Announcement,Buyback of Shares, Buyback
Karvy Investor Services Limited has informed the Exchange that this Public Announcement ("PA") dated December 07, 2009 is made pursuant to the provisions of Regulation 8(1) read with 15(c) of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time ("BuyBack Regulations") and contains the disclosures as specified in Schedule II of the Buy-Back Regulations. The Buy-Back Offer and Price : Apcotex Industries Ltd ("Apcotex" or "the Company") hereby announces the Buy-back of its fully paid-up equity shares of the face value of Rs. 10/- each ("Equity Shares") from the existing registered shareholders / beneficial owners of the Equity Shares of Apcotex ("Buy-back") through the open market using the nationwide electronic trading terminals of the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE" and together with BSE, the "Stock Exchanges") pursuant to Article 23(b) of the Articles of Association of the Company and in accordance with Sections 77A, 77AA and 77B of the Companies Act, 1956 (the "Act") and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the "Buy-back Regulations") at a price not exceeding Rs.90/- per equity share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs.360 Lacs ("Maximum Offer Size") i.e. within 10% of the existing paid-up equity share capital and free reserves of the Company as on March 31, 2009 (the date of the last Audited Accounts) constituting upto a maximum of 4,00,000 equity shares ("Maximum Offer Shares") of Rs.10/- each. The Date of opening of the Buy-Back is December 21, 2009. The Last Date for the Buy-Back is October 15, 2010. However, the Board in its absolute discretion may decide to close the Buy-Back of Shares at such earlier date as may be determined by the Board in the event the Minimum offer size has been reached for Buy-Back or upon utilization of Rs.360 Lacs by giving an appropriate notice for closing date and completing of all formalities required as per relevant laws and regulations. There would be a completion of all payment obligations in respect of Buy-Back prior to last date of Buy-Back.

Jindal Steel & Power's subsidiary to raise ten thousand crore rupees

2009-12-10T17:46:00.000-08:00

Jindal Steel , Power
Jindal Steel and Power :Jindal Steel & Power has informed that the board of Jindal Power, a subsidiary company in its board meeting on 10 December 2009 has decided, subject to approval of shareholders, to go for initial public offer (IPO) of the equity shares of Rs 10 each upto amount of Rs 10,000 crore. Jindal Powe will be holding extra ordinary general meeting of the members of the company for obtaining their approval for the said IP0.

The company made this announcement on 10 December 2009.