STOCKS


Munira Dongre 23 August 2010
Union minister for environment Jairam Ramesh comes down hard on projects that violate environment norms Stocks of several companies may get trampled under the charge of the environment ministry with maverick minister Jairam Ramesh at the helm as he comes down hard on projects that are in...

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Moneylife Digital Team 20 August 2010
Three private equity funds which had invested in the venture are set to incur losses Gujarat Pipavav Port is entering the capital market to raise Rs500 crore through a 100% book-building issue by offering 1.17 crore shares. The question is why are three private equity funds exiting the stock at...

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Munira Dongre 20 August 2010
Cairn India: The buzz in the market is that there are counterbids likely from RIL and ONGC. According to one report, Vedanta stands to make Rs5 billion if Cairn Energy fails to get shareholders’ nod for the deal or solicits a rival bid (a small price to pay if somebody seriously wants to counter...

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The best kept secret about the Indian capital market is that in 20 years of economic liberalisation and market development, we have reduced it to a mere casino How wide is the public participation in the shining new India's financially successful stock exchanges? Here are some startling facts...

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The massive daily turnovers of the two national bourses hide some shocking facts, as the finance ministry’s startling revelations in Parliament reveal. Narrow, shallow, illiquid and concentrated in the hands of a few individuals located in a few centres — that describes the state of the...

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Munira Dongre 16 August 2010
Deccan Chronicle: Rumours of a stake sale are resurfacing. Mid-July, the stock charged on talk that the Gujarat-based Adani Group was going to acquire the company for $280 million-$300 million. Patni: There is talk of a stake-sale to Fujitsu or NTT. On Friday, the stock surged after it declared...

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Munira Dongre 13 August 2010
Cairn India: The market was crawling with rumours that Vedanta is in talks to take a stake in Cairn India. Mining companies: The government is proposing to make it mandatory for mining companies to share 26% of profits with local communities or to provide 26% equity in mining entities to the...

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Moneylife Digital Team 13 August 2010
The Sensex valuation has factored in a 20% growth in operating profit for the entire fiscal year 2011; but Q1 has been a damper. What if the growth does not resume in the next two quarters? Till today 26 of the 30 companies that make up the Bombay Stock Exchange (BSE) Sensex have put out their...

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Moneylife Digital Team 12 August 2010
Since the market is headed nowhere, you have to dig deeper. Look at these stocks that are growing fast and are valued low, suggests Moneylife Research Desk On 6 January 2010, the Sensex was at around 17,700. At the time of writing this article, it was a shade higher. Seven months into the year,...

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Sutlej has good global contracts and is improving its mix of offerings We had recommended Sutlej at a time when it was trading at Rs87 (Moneylife, 3 December 2009). The stock price has more than doubled (Rs186) and is still a good bet. Sutlej Textiles in one of the flagship units of the...

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SRHHL has a distinctive product advantage We had written about Sree Rayalaseema Hi-Strength Hypo (SRHHL) at a time when the stock price was just Rs17 (Moneylife, 9 April 2009) and again when it was trading at Rs32 (Moneylife, 16 July 2009). After hitting a high of Rs47.50 in May 2010, the stock...

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The growth story of SIL is intact We had written about Shreyans Industries (SIL) when the stock was trading at Rs18 (Moneylife, 23 April 2009). We wrote about it again (Moneylife, 16 July, 2009) when the stock had reached Rs33. It is currently trading at Rs36 and is still worth considering.

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RSWM has been on an expansion spree and has a wide product portfolio RSWM , earlier Rajasthan Spinning and Weaving Mills, is part of the LNJ Bhilwara group, one of the largest textiles manufacturers in the country, producing synthetic, blended, mélange, cotton & specialty yarn, fabric and...

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Munira Dongre 12 August 2010
What’s buzzing in these counters right now Shree Ashtavinayak Cine Vision: The market rumour is that this company will earn a bumper profit from 3 Idiots. However, this seems unlikely. Shree Ashtavinayak has produced and distributed films like Jab We Met, Golmaal Fun Unlimited, Golmaal Returns,...

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Munira Dongre 11 August 2010
The scrip is at an all-time high, but going ahead, Jaguar Land Rover’s performance will hinge on demand from the US and China, favourable currency movements and depressed raw material prices JLR was a show-stopper Tata Motor's Q1 performance exceeded the Street's expectations by a wide margin...

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Munira Dongre 10 August 2010
Sun TV: Release of the big-budget south Indian film Enthiran now postponed to 24th September. If the film is a hit, benefits will accrue only in the December quarter. The film features Rajinikanth and Aishwarya Rai in the lead roles. The story goes something like this apparently-Rajini is a...

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Munira Dongre 10 August 2010
Bond conversion: Where are the 'reports' coming from? Lets first look at the 'conversion' story. Who triggered this rumour? IFCI officials told the media that they had no 'official' word from the government on the issue. Then where were these stories coming from? Even after an extensive...

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Andhra Bank rose 6% after the government announced plans to infuse capital in PSU banks to maintain Tier-1 capital ratios Gainers: Credit rating agency, Fitch, upgraded the support rating floor, below which a bank’s rating will not fall, for five State-owned lenders in view of the government’s...

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State Bank of India gained 5% on its plan to raise funds through a dollar-denominated bond issue Gainers: State Bank of India (up 5%) plans to issue a five-year dollar bond. Adani Enterprises (up 5%) raised $850 million in the largest share sale to institutional investors by an Indian company...

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Axis Bank gained 7% after revenue and operating profit were up 12% and 23%, respectively, in the June 2010 quarter Gainers: Axis Bank (up 7%) has posted growth of 12% and 23% in revenue and operating profit, respectively, in the June 2010 quarter over the year-ago period. The net interest...

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