Saturday, July 21, 2007

Stock in News: Moving Picture Company India Ltd.

Chartered Capital and Investment Ltd, (Manager to the Offer) on behalf of M/s. Consolidated Securities Ltd (Acquirer) has issued this Public Announcement to the shareholders of Moving Picture Company India Ltd (Target Company), pursuant to and in compliance with, among others, Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended from time to time (the Regulations) issued by the Securities and Exchange Board of India SEBI.

The Offer

The Acquirer proposes to acquire upto 30,37,690 fully / partly paid-up equity shares (Shares) of the Target Company (the Offer Size) representing 20% of the fully expanded voting equity capital of the Target Company (including the entire preferential allotment of share as well as warrants) at a price of Rs 10.05 for each fully paid-up equity share of the Target Company and Re 1 for each partly paid-up equity share of the Target Company (such price, the Offer Price), to be paid in cash, subject to the terms & conditions mentioned in PA.

Schedule of Activities

Specified Date: August 17, 2007

Date of Opening of the Offer: September 12, 2007

Date of Closing of the Offer: October 01, 2007

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Stock tips: Buy GTL Infrastructure Ltd.

Buy GTL Infrastructure Ltd. at current market price of Rs. 38.70 for six month target of Rs. 52.00.
GTL Infrastructure Ltd has informed that July 27, 2007 has been fixed as the Record Date for the purpose of ascertaining the entitlement for Rights Shares.

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Discloser: This is a paid post.

Sunday, July 15, 2007

INOX Leisure - Commencement of Commercial Operations of new Multiplex at Bharuch

Buy INOX Leisure Ltd on every decline or dip for shot term gain of 24-30 %.
INOX Leisure Ltd has informed that the Commercial Operations of the Companys new Multiplex Theatre situated at Rang Multiplex, Rang Palace, Zadeshwar Road, Bharuch has commenced from July 13, 2007.

Saturday, July 14, 2007

KEC International wins Rs 130 Crore Project

KEC International Ltd has announced that the Company has bagged a contract valued at Rs 130.15 crore from Karnataka Power Transmission Company Ltd for design, fabrication, testing, supply, erection and commissioning of a 400 KV D/C Line. The length of the line is 151.15 kms. This is located in Karnataka.

The project, awarded on a turnkey basis, is to be completed in December 2008.

This is a significant win for us. Coming, as it does, immediately on the back of our largest single value contract worth Rs 380 crore in Kazakhstan and another Rs 176 crore win in the Middle East, is indeed special, said Mr. Ramesh Chandak, Managing Director, of the Company.

The Companys current order book is over Rs 3300 crore.

13th July 2007, Post Session Market Commentary

The BSE Sensex ended the session on a positive inspiring note as it grew by 180.68 points to close at 15,272.72 while Nifty grew by 58.4 points to close at 4,504.55. Of the 2,735 stocks actively traded on BSE, 1,148 stocks advanced while 1,534 stocks declined. The BSE Mid cap and Small cap closed higher by 12.61 points and 0.58 points at 6,795.30 and 8,216.14 respectively.

BSE Auto Index increased by 51.90 points to close at 5,058.45 as Tata Motors (3.75%), M&M (2.72%), Maruti Udyog (0.65%) and Hero Honda (0.28%) closed higher while Bajaj Auto (0.92%) closed lower.

BSE Capital goods index grew by 118.39 points to close at 13,059.18 as BHEL (2.58%), Siemens (1.14%), L&T (0.95%) and ABB (0.67%) closed in green.

BSE bankex index increased by 66.24 points to close at 8,281.75 as Allahabad bank (3.27%), HDFC bank (2.48%), PNB (2.37%), Canara bank (1.52%) and ICICI bank (0.51%) closed in positive while SBI (0.22%) closed in negative.

BSE Metal index surged by 525.64 points to close at 12,000.90 as SAIL (10.49%), Hind Zinc (7.99%), Hindalco (5.99%), Nalco (3.78%), Sterlite industries (3.53%), Tata Steel (3.35%) and Jindal steel (1.23%) closed in positive.

BSE IT index increased by 27.89 points to close at 4,897.95 as Satyam (2.82%), Infosys (0.96%) and Wipro (0.26%) closed higher while TCS (2.10%) and HCL tech (0.67%) closed lower.

BSE Health Care Index slipped by 19.64 points to close at 3,848.65 Dr Reddy (2.03%), Sun pharma (1.85%), Ranbaxy (1.48%), Glaxosmithkline (1.44%) and Cipla (1.01%) closed in red.

BSE FMCG index increased by 6.81 points to close at 1,864.18 as ITC (1.93%) and Tata tea (0.83%) closed higher while Dabur (1.67%) and HUL (1.51%) closed lower.

BSE oil & gas index advanced by 137.48 points to close at 7,819.67 as IPCL (2.81%), GAIL (1.22%), BPCL (1.02%), ONGC (0.85%) and HPCL (0.35%) closed in green.

Indusind Bank opens its 15th Branch in Gujarat at Amalsad

Indusind Bank Ltd has inaugurated its 15th branch in Gujarat at Amalsad. Shri Pujya Acharya Swami - Swaminarayan Mandir, Navsari (BAPS) was the Chief Guest.

Speaking at the inauguration, Shri. Bhaskar Ghose, MD & CEO of the Bank said, We hope to present a new face to banking in the flourishing agricultural town of Amalsad. Our endeavour will be to support the banking needs of co-operative societies and the NRI population in and around this town. With our emerging capabilities in rural financing and agricultural banking, Amalsad is an ideal location for the establishment of the newest branch of our Bank - our 15th the State of Gujarat.

Apart from Amalsad, the Bank has branches in Ahmedabad, Bardoli, Baroda (2 outlets), Bhavnagar, Dharmaj, Gandhidham, Jamnagar, Mehasana, Morbi, Rajkot, Surat, Valsad and Vapi.

Wednesday, July 11, 2007

Stock Market Commentary dated 11/07/2007

The BSE Sensex ended the session on a negative note as it decreased by 99.26 points to close at 14,910.62 while Nifty slipped by 18.9 points to close at 4,387.15. Of the 2,693 stocks actively traded on BSE, 1,443 stocks advanced while 1,182 stocks declined. The BSE Mid cap and Small cap closed higher by 38.80 points and 65.20 points at 6,704.40 and 8,074.86 respectively.

BSE Auto Index decreased by 25.56 points to close at 4,920.28 as Tata Motors (1.69%), Maruti Udyog (0.87%), M&M (0.95%), and Hero Honda (0.14%) closed in red.

BSE Capital goods index slipped by 4.20 points to close at 12,755.97 as ABB (1.83%) and L&T (0.41%) closed lower while BEML (1.41%), BHEL (0.60%) and Siemens (0.37%) closed higher.

BSE bankex index decreased by 15.31 points to close at 8,088.78 as PNB (1.78%), ICICI bank (1%) and SBI (0.53%) closed in negative

BSE Metal index grew by 162.48 points to close at 11,104.86 as Tata Steel (3.40%), SAIL (1.73%) and Sterlite industries (1.73%) closed in positive

BSE IT index decreased by 168.22 points to close at 4,868.77 as Infosys (4.47%), TCS (3.34%), Satyam (3.28%), Wipro (2.02%) and HCL tech (0.76%) closed in red.

BSE Health Care Index decreased by 12.96 points to close at 3,830.79 Ranbaxy (1.44%), Sun pharma (0.85%) and Glaxosmithkline (0.69%) closed lower.

BSE FMCG index increased marginally by 4.92 points to close at 1,844 as HUL (1.96%) closed in green while Dabur (1.56%), ITC (0.59%) and Tata tea (0.22%) closed in red.

BSE oil & gas index increased by 5.58 points to close at 7,621.54 as Reliance Petroleum (1.24%), IPCL (0.63%) and ONGC (0.35%) closed higher

Stock Market News: KEC International Ltd has announced that the Company has bagged two contracts in Riyadh

KEC International Ltd has announced that the Company has bagged two contracts in Riyadh, Saudi Arabia and Abu Dhabi, UAE valued to the Company at Rs 176 crores.

The larger value contract comes from the Saudi Electricity Company based in Riyadh, Saudi Arabia and is worth USD 23.4 million (Rs 95 crores) to the Company. This work involves supply, erection, installation and commissioning of 380 KV transmission line comprising a total distance of 53 kms on the outskirts of Riyadh.

The Abu Dhabi project, worth USD 20 million of Rs 81 crores, is from the Abu Dhabi Transmission and Despatch Company (TRANSCO). This project, also won via competitive bidding process, involves the supply, erection, installation and commissioning of 400 KV transmission lines from Taweelah sub station to Yas Island and Bahia sub station to Yas Island - a total of 40 kms.

Stock Tips: Buy DLF with target price of Rs 674

DLF has touched an intra day high of Rs 590 and an intra day low of Rs 567. Currently, the share is quoting at Rs 589.20, up Rs 17.45, or 3.05%. It is trading with volumes of 79,07,598 shares. Yesterday the share closed down 0.51% or Rs 2.95 at Rs 571.75. The company has now entered the elite club of Rs 1 lakh crore mark and it is the 10th company to enter this club.

Motilal Oswal has recommended a buy rating on DLF with target price of Rs 674. Target price is at a 25% premium to estimated NAV of Rs 539 per share. The company's recent IPO was the biggest in the country so far.

The reports indicate that DLF, India's largest real estate company, is the best proxy for playing the promising domestic real estate opportunity. We are excited about DLF’s dominant presence in emerging segments of premium apartments, commercial offices and retail, which are highly profitable businesses with strong entry barriers.

Thus, DLF is relatively better placed to face the challenging macro environment, which, in our opinion, will encourage lower risk premiums going forward.

Sunday, July 8, 2007

Adjustment in Futures and Options contracts of SUN TV Network Ltd. on account of sub division and bonus issue

The company SUN TV Ltd (Scrip code : 532733) has announced sub-division of equity share in the ratio of 2:1 (Two share for every existing one equity share ) and a bonus issue in the ratio of 1:1 (One share for every existing one equity share held) to the equity shareholders of the company. The book closure dates announced by the company for this purpose is Saturday, July 28, 2007 to Monday, August 06, 2007, based on which the Exchange has fixed Monday, July 23, 2007 as the ‘Ex-date’ and the scrip will be No Delivery from July 23, 2007 to July 27, 2007. In view of the above and in compliance with the aforementioned SEBI guidelines, the Exchange will make the necessary adjustments for all the available Futures & Options contracts on the underlying scrip SUN TV Network Ltd., at the end of the day on Friday, July 20, 2007, the ‘ex-date’ being Monday July 23, 2007. The members may please note that all pending orders in the system for the futures and options contracts on SUN TV Network Ltd, that are outstanding at the close of business hours on Friday, July 20, 2007 would consequently stand cancelled on that date.

Stock Market: Change in The circuit filters

The Circuit Filters of the following stocks has / have been changed from their existing levels in the below mentioned scrip/s with effect from July 09, 2007.

Sr.No

Scrip Code

Scrip Name

Circuit Filter %

Revised

1

532329

Danlaw Technologies India Ltd.

10

2

506910

Jaysynth Dyestuff (India) Ltd.,

10

3

532799

Akrut Nirman Ltd.

10

4

532821

Indus Fila ltd.

10

5

500009

Ambalal Sarabhai Enterprise Ltd.,

10

6

512425

Nirav Commercials Ltd.,

5

7

513579

Foundry Fuel Products Ltd.

5

8

522163

Diamond Cables Ltd.

5

9

530323

Era Constructions (India) Ltd.

5

10

500030

Autoriders Finance Ltd.,

5

11

500389

Silverline Technologies Ltd.

5

12

509635

Hindustan Composites Ltd

5

13

530355

Asian Oilfield Services Ltd.

5

14

531091

United Credit ltd.

5

15

531939

Genus Commu-Trade Ltd.

5

16

532365

Dynacons Systems & Solutions Ltd.

5

Friday, July 6, 2007

Sagar Cement looking for a strategic partner?

Sagar Cement is looking for a strategic partner and currently, the company is in talks with Orascom for stake sale. Orascom is an Egyptian company which has cement capacity of over 25 mtpa. While, Sagar Cement has capacity of 0.5 mtpa.Management of Sagar Cement says that they are in talks with international players but they can't divulge details. Sagar cement promoters currently hold 52% stake after warrant conversion. The initial phase of talks with Orascom remained inconclusive. Orascom is a leading cement producer & telecom company active in Emerging Markets. The subsidiaries of Orascom are in Egypt, with capacity of 10 mtpa and Algeria, with capacity of 5 mtpa. The company is expecting total capacity to increase to 39 mtpa by 2009. Blackstone Group had bought 1 million shares of Sagar Cement at Rs 190 per share and is a big investor in the company. Carlyle, IFC had also shown interest in picking up the stake in Sagar Cement.

Hot stock : Balaji Telefilms Ltd

Balaji Telefilms Ltd's stock is very hot now a days in the in the stock market. Result are as per companies growth plan and will continue to be so during the 2007-08.
Balaji Telefilms Ltd had recommended the interim dividend of Rs 3.50 per share (175% on par value of Rs 2 per share).
The Company has posted a net profit of Rs 797.220 million for the year ended March 31, 2007 as compared to Rs 596.428 million for the year ended March 31, 2006. Total Income has increased from Rs 2890.657 million for the year ended March 31, 2006 to Rs 3268.774 million for the year ended March 31, 2007.