STOCKS


Shipping stocks took a beating last fortnight. Bharati Shipyard (down 8%), Garware Offshore Services (down 5%), Varun Shipping Company and Chowgule Steamships (down 4% each) were among the major losers.

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Among the buyers, Vijay Agrawal bought 216,039 shares of Action Construction Equipment Ltd, taking his stake up to 33.64%. Prakash M Sanghvi, director of Ratnamani Metals & Tubes Ltd bought 90,918 shares of the company, which took his holding up to 6.41%. DK Jain of Aksh Optifibre Ltd bought...

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Munira Dongre 17 September 2010
After forming a base at around Rs150, Max India shares have begun a tentative rise. Could the rise sustain? A look at this not so widely tracked stock Max India's share price took a hit due to the changes in insurance rules when the Insurance Regulatory and Development Authority put a cap on...

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Munira Dongre 17 September 2010
Commercial Vehicle (CV) sales may be hit in the coming months due to the phenomenon of 'pre-buying' before changing emission norms make trucks more expensive next month Emission changes from October will mean trucks will move to Euro 3 standards from Euro 2 - already reports of 2%-4% hikes...

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Munira Dongre 17 September 2010
KSK Energy saw a sudden spurt recently on media reports that Malaysian billionaire T Ananda Krishnan’s Usaha Tegas Sdn plans to invest $250 million in the company. Here’s a closer look at the organisation Hyderabad-based utility company KSK Energy's stock price has seen a sudden jump after...

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Moneylife Digital Team 16 September 2010
The company collects a percentage of the box office collections of its movies from multiplexes and single-screen theatres. However, there is no reliable and independent monitoring of such data Movie distributor Eros International Media Ltd is set to enter the primary market to raise Rs350 crore...

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Moneylife Digital Team 16 September 2010
The company does not have a pan-India presence; it faces well-entrenched competitors and it operates a business fraught with risk  Kolkata-based financial service provider Microsec Financial Services Ltd (MFSL) is entering the primary market through a 100% book-building issue. The IPO opens on...

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Munira Dongre 15 September 2010
CLSA is hosting a corporate conference in Hong Kong for its institutional investors. Here are a few highlights from the ICICI Bank, IDFC, and Zee managements MD and CEO of ICICI Bank Chanda Kochhar talked about the bank's new strategy - an addition to its '4 Cs' strategy in the form of credit...

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Munira Dongre 15 September 2010
What’s buzzing in these stocks right now Rama Newsprint: Rumours range from land bank sale to the sale of the promoter shareholding - small share sales from the promoters have been happening regularly from June (as per the BSE website). However, the real story seems to be newsprint prices and a...

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Moneylife Digital Team 15 September 2010
The company provides tutorial services to high school and post-high school students for various competitive entrance examinations; it will have to hold its own against some well-entrenched players Rajasthan-based tutorial service provider Career Point Infosystems Ltd (CPIL) is entering the...

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William Gamble William Gamble 15 September 2010
That much-feared double-dip might not take place; the flexible labour and capital markets in America will help provide opportunities for those with the courage to take them up Throughout August, the markets have been terrified of the dreaded double-dip. This spectre has been haunting markets all...

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Munira Dongre 13 September 2010
The Yamuna Expressway is nearing completion. What are the implications for Jaypee Infra, a stock that has been languishing since its listing this year? Since its listing, the Jaypee Infratech stock has languished between Rs79 and Rs89. With the Yamuna Expressway nearing completion, will its...

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Moneylife Digital Team 09 September 2010
In August 2010, equity investors pulled out a net Rs2,890 crore from equity mutual funds. Fund companies are staring at a bleak future According to data provided by the Association of Mutual Funds in India (AMFI), equity schemes have witnessed Rs2,890 crore net outflow or redemption in August...

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Munira Dongre 09 September 2010
Street expectations about Indian gas transmission and distribution companies are largely based on hope, says Kotak. Almost all these companies earn returns that are well above the stipulated returns fixed by the regulator — and therefore they are highly vulnerable to corrective regulatory...

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Moneylife Digital Team 09 September 2010
Somany Ceramics earns a healthy RoE of 25% and the stock is reasonably priced Somany Ceramics manufactures ceramic tiles from two plants in Haryana and Gujarat with a production capacity of 56,000sq mtr/day. It outsources 25,000sq mtr/day of low-end tile products to contractors in Gujarat....

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Moneylife Digital Team 09 September 2010
Initial public offers are a risky investment route; the investor has no control over the price at which he buys the stock Until a few years ago, initial public offers (IPOs) of companies created quite a lot of excitement and enthusiasm among investors. IPOs carried the promise of making...

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Munira Dongre 08 September 2010
Sugar stocks have started rising on hopes of decontrol, higher ethanol supply at better prices, and a narrowing global surplus. The narrowing surplus and cheap valuation could be the best reason to buy into these stocks at the moment Stocks such as Shree Renuka Sugars, EID Parry, Triveni...

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Moneylife Digital Team 08 September 2010
As our regular readers know, we love paper companies, especially when the underlying economic growth is strong and stock prices have not already run up. Two of our recommendations—Tamil Nadu Newsprint & Papers, and Seshasayee Paper & Boards—are up 57% and 26%, respectively. Here are two more...

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Munira Dongre 07 September 2010
What’s buzzing in these stocks right now Shree Ashtavinayak Cinevision Ltd: The stock is buzzing as the release date of Dabangg, an upcoming Hindi action film, is coming close (10th September). The film has been co-produced by Shree Ashtavinayak. Many are betting on Dabangg being a huge hit...

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