STOCKS


Moneylife Digital Team 23 September 2010
However, raw material price fluctuations could impact the company as it has not inked any agreements to insulate itself from cost escalations; it also needs to broaden its client base Issue Details Issue Date: 23rd September-28th September Number of shares: 75,50,000 shares Employees:...

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Munira Dongre 23 September 2010
A recent Credit Suisse report asks the question on everybody's mind... where now? And comes out with mixed answers... A latest CS report points out that Indian markets are now just 5% away from their previous peak but in terms of the peak P/E (price to earnings ratio), we are still way below....

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Moneylife Digital Team 23 September 2010
These companies have strong underlying economic growth prospects, they are off the radar of most analysts and their stock prices have not already run up  Forging Ahead Ahmednagar Forgings has several good quarters ahead We have been looking for auto-component companies that would benefit...

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Dish TV gained 8% taking its subscriber base to 10 million by March 2011 Gainers: Dish TV (up 8%) aims to add 3 million subscribers this fiscal to take the subscriber base to 10 million by March 2011. It has also crossed the 8-million subscriber mark. Rural Electrification Corporation (REC)...

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Power Finance Corporation was up 4% on receiving board’s nod to raise fresh equity Gainers: Power Finance Corporation (up 4%) has received its board’s approval to raise fresh equity, through a follow-on public offer (FPO), up to 10% of its paid-up capital and the government may disinvest 10%...

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Crisil (up 4%) plans to sell 5% stake in the Commodities and Derivatives Exchange Gainers: The board of Power Finance Corporation (PFC) (up 4%) has approved a proposal for fresh issue of equity shares along with disinvestment, not exceeding 20% of its aggregate existing paid-up capital, subject...

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William Gamble William Gamble 23 September 2010
Chinese economic policies are unsustainable, which is bad news a global economy presently dependent on Chinese growth. So the only safe haven for investments right now — US equity markets Where then must we invest when as Ben Bernanke said, “the economic outlook remains unusually uncertain?”...

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Moneylife Digital Team 21 September 2010
The company has a debt-free status and has completed more than 2,250 projects over the last three decades in more than 19 countries across the world Issue Price: Rs1,230 - Rs1,310 per share with a face value of Rs5 per share No of shares: 36,69,643 equity shares that includes sale of...

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Munira Dongre 21 September 2010
In a recently released report, leading Asia brokerage CLSA said that out of the 65 investment funds at its recently concluded forum in Hong Kong, over 80% believed IT services may not be a great investment idea going into 2011. However, the brokerage firm disagrees Along with the rest of the...

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Moneylife Digital Team 21 September 2010
The company is leveraging its core competence Diamond Power Infrastructure (DPIL) sells conductors, high tension (HT) and low tension (LT) cables, extra high voltage (EHV) cables and transmission & distribution (T&D) cables. The company has acquired two transformer companies in the past two...

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Moneylife Digital Team 21 September 2010
The company faces competition from existing players and is in losses till date. It lays out 44 internal risk factors in its prospectus. Avoid! Issue: Price: Rs50 Bid lot: 125 equity shares and in multiples thereof No of shares: 81,00,000 equity shares Issue size: Rs4,050 lakh

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Moneylife Digital Team 21 September 2010
The issue is reasonably priced even though the ICRA grading for this IPO is low. This grading indicates below-average fundamentals. The company also operates in a highly fragmented market. Make your choice! Issue: Price: Rs127-Rs135 per equity share Bid lot: 50 equity shares and in...

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Moneylife Digital Team 20 September 2010
The company faces stiff competition from existing players and is yet to clock any revenues; the promoter group has a number of pending litigations against it and high debt remains a concern Incorporated in 2006, Jharkhand-based steel manufacturer Electrosteel Steels Ltd (ESL) is entering the...

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Moneylife Digital Team 20 September 2010
Electricity generation and profitability depends on climatic conditions, particularly wind conditions, which can vary dramatically across the seasons and between locations of the wind farms — the company has a limited history of operating and developing such farms Chennai-based renewable...

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Gainers: Canara Bank (up 13%) has revised its benchmark prime lending rate (BPLR) upwards by 50 basis points (bps) to 12.5%, from 12% effective 12th August. State Bank of India (SBI) (up 7%) posted growth of 6% and 67%, respectively, in revenue and operating profit in the June quarter over the...

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Gainers: Petronet LNG (up 10%) plans to set up a 750MW gas-based power station at Dahej. State Bank of India (up 7%) posted growth of 6% and 67% in revenue and operating profit, respectively, in the June quarter over the year-ago period on high net interest income and decline in the cost of...

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Gainers: Yes Bank (up 16%) raised Rs665 crore through bonds and debt. Wipro (up 12%) has set up the first Bluetooth testing facility in India. The company is the first to be recognised as the Bluetooth Qualification Test Facility (BQTF) by the Bluetooth Special Interest Group (SIG), the trade...

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Foreigners: Foreign institutional investors continued buying shares in large volumes registering a net inflow of Rs3,604 crore during the fortnight. Indians: Domestic institutional investors chose to dump shares in the market and registered a net outflow of Rs1,918 crore.

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Most global indices ended in negative territory over the fortnight. The Nasdaq Composite and the Nikkei shrunk the most (5% each) while the Dow Jones Industrial Average fell by 4%.

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  Textiles companies, stocks, like Shiva Texyarn (up 61%), Raymond (up 58%), Rajvir Industries (up 50%) and Birla Cotsyn India (up 45%), gained hugely in the past fortnight. Some gains were due to expectations of mill land sale.

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