Friday, February 26, 2010
Enjoy extended weekend.
All investors or traders take a note that Market will remain closed on Monday, 1st March, 2010 on account of Holi.
26 Feb 2010 Union Budget 2010 Updates
Union Budget 2010-2011 Updates :
Latest Announcements Upside :
- FM ends the 105 minute long speech saying that this budget belongs to "Aam Admi, the Farmer, and the Entrepreneur".
12: 50 PM
- Customs duty on gold to go down
- Customs duty on silver at Rs 1500/kg
- Rationalisation of customs on gaming software
- Uniform concessional duty of 5 per cent on all medical appliances
- Excise revenues to grow Rs 43,500 cr
- More services to be taxed
12: 45 PM
- Service Tax retained at 10%
- Mobile phones to get cheaper
- 5 per cent customs duty on crude petroleum product
- Peak customs duty remains at 10 per cent
- Excise duty on CFL goes down to 4 per cent
- Cess of Rs 50/ton on Indian coal
12: 41 PM
- Markets respond positively to the Budget. Sensex surges by 300 points , Nifty gaining more than a century.
- Opposition stages a walk out on the CET hike on petro products
12: 34 PM
Raise your stops in Buy calls of Today and Yesterda.Book profits in Nifty at around 4992 or 5010 who have bought above 4895(as per morning call) or raise stop to 4950.Book profits in Bank Nifty(call given in morning blog) at higher levels as BankNifty will face resistance at 8910 or keep raising your stops at 8770.Also note that there is an extended weekend as Market will remain closed on Monday,1st March on account of Holi.
- Excise rollback goes up from 8 per cent to 10 per cent
- R&D deduction gets hiked
- Partial rollback of excise duty on cement, larger cars
- Excise duty on all tobacco products up
- CET on petro products raised by Re 1
- Ruckus in the parliament, Pranab Mukherjee loses cool
12: 28 PM
- Income tax slabs widened
- No income tax upto Rs 1.6 lakhs
- Income of Rs 1.6 to 5 lakhs: 10 per cent tax
- Rs 5 to 8 lakh - 20 per cent tax
- Max Alternate Tax (MAT) hiked to 18 per cent ( from 15 per cent)
- Corporate surcharge down to 7.5 per cent (from 10 per cent)
- Corporate Tax will be applicable after 2011.
New Slab Old Slab
Income from Rs.0-Rs.160000 - Tax 0% Income from Rs. 0 - Rs.160000 - Tax 0 %
Income from Rs.160001 - 500000 Tax 10% Income from Rs.160001-300000 - Tax 10 %
Income from Rs. 500001 - 800000 Tax 20 % Income from Rs. 300001-500000 - Tax 20 %
Income from Rs. 800001 and above - Tax 30% Income from Rs. 500001 and above - Tax 30 %
12: 18 PM
- FM on tax reforms
- 'Tax reforms a process, not destination'
- Income department to be user friendly
- Infotech usage in tax management to be increased
- Tax payers have reacted positively to concessions
12: 14 PM
- Fiscal deficit target at 5.5 per cent for FY11
- 15 per cent rise in plan expenditure
- FY10 fiscal deficit revised to 6.9 per cent of GDP
12: 09 PM
- First set of Unique Identification (UID) numbers will be released this year
Tech advisor group under Nandan Nilekani
- National Commission for Delivery of Justice and Legal reform proposed
- Budget makes space for security concerns
12: 05 PM
- Skill development program for textile industry
- Textile ministry to train 30 lakh people
- Rs 61,000 cr for rural development
- Rs 12,000 crore relief to drought affected region of Bundelkhand
- Banks for villages wiht a population of 200
- Women and Child development plans proposed in 2009-10 are ready for implementation
- Health insurance to NREGA beneficiaries
- Smart Card extended to NREGA
11: 59 AM
- NREGA allocation 40,100 cr
- Indira Awaz Yojana allocation Rs 10,000 cr
- Health allocation to 22,300 crore
- Rs 5000 cr allocated for solar hydro projects in Ladakh region
- Allocation to power sector doubled to Rs 5,130 crore
- Budget 2010 promises to wipe India off slums
11: 51 AM
- Increase allocation in school education to 31,036 cr
- Pranab invokes Mahatama Gandhi while speaking on rural development
- Increased allocation of 26 per cent to bridge the gap of development between backward regions and other developed regions of the country
11: 47 AM
- Focus on clean energy and industries
- Establishment of National Clean Energy Fund
- Grant of 200 cr to Tamil Nadu Textiles
- Food security bill draft ready
- Rs 500 cr for clean Ganga
- Mention of West Bengal creates noise in the Parliament
11: 41 AM
- Infrastructure thrust should be maintained
- 13 per cent hike in allocation for road transport
- Construction of 20 km of highway every day
- Railways to be modernised
- Double plan allocation for power sector
11: 38 AM
- Budget focuses on agriculture and farmers
- Extend loan payments for calamity hit farmers
- 2 per cent loan subsidy for farmer loans
- 4 pronged strategy for agriculture
- Development of food processing sector by providing infrastructure
- Five mega food parks to be set up
- Rs 300 cr proposed for Rashtriya Krishi Vikas Yojana
11: 32 AM
- Parikh panel's proposals on fuel pricing to be considered
- Additional banking licences to private players.Highly positive for ADAG especially Reliance Capital.
- Rs 16,500 crore allocated as capital support for PSU banks
11: 27 AM
- Finance Panel's recommendations have been considered
- The panel has recommended withdrawal of stimulus
- Income tax reforms almost complete
- GST will be implemented next year
- Direct Tax code by Apr 2011
- Rs 25000 cr disinvestment target this year
- Fertiliser subsidy will be reduced
- Government taking steps to simplify FDI to woo foreign investors
- Review of public spending needed
11: 22 AM
- FM addresses the problem of Inflation
- State governments will be consulted over inflation
- Efforts to lower inflation in next two months
- Double digit food inflation a big concern
11: 17 AM
- FM gives brief overview of the economy (Economic Survey 2009-10)
- Indian economy has shown encouraging recovery signs
- Economy stabilised in Q1 of 2009
- Growth in manufacturing 18.5 pc, highest record in 2 decades
- Export figures are also encouraging
11: 12 AM
- Indian economy in better condition than it was earlier: Pranab Mukherjee
- Three challenges of 2009-10 budget remain relevant today
- First challenge: Revert back to GDP growth of 9 pc and slowly increase it to a double digit growth
- Second challenge: Using growth in development of the nation through infrastructure
- Third challenge: Weakness of government system. Structuring the system is needed
11: 08 AM
- FM begins budget speech recalling 2009's interim budget and Union Budget 2009-10 when Indian economy was still weak from the global slump
11:04 AM
- Pranab Mukherjee enters Parliament with a briefcase carrying the Budget.
No market closing blog will be published today.
E&OE.
Disclaimer : These are informative updates.Errors or Omissions may take place.
26 Feb 2010 Morning Market Updates
26 Feb 2010 Moening Market Updates 08:55
Ahead of Budget, market will open flat and expect volatility as Hon.Finance Minister will start his speech.No big expectations from this budget only to see how he can tactfully handle the Inflation and Deficit issues.Again same yesterday's levels for Indices.Buy Nifty above 4895 or Sell below 4822 and for BankNifty Buy above 8558 or Sell below 8412. We advise to be patient and keep following strict stops.
Recommendations :
Caution : As this is a volatile session, we advice to keep stops strictly.Follow Buy call in Positive Market bias and v.v.
Buy Aban above 1184 sl 1163 Target 1208
Buy Powergrid above 107.25 sl 106 Target 109
Buy Tatapower sl 1257 Target 1280 / 1291
Buy Crompgreav sl 405 Target 419
Buy Ibrealest above 168 sl 163 Target 175
Buy Indhotel above 89 sl 87.5 Target 92 Positional
Buy Videoind above 221 sl 217 Target 225 / 229
Watch Torntpower sl 194 Target 205 / 211
Sell Bhel below 2347 sl 2360 Target 2323
Sell BPCL sl 571 Target 556
Sell Hindunilvr sl 237 Target 233 / 230
Sell Bajaj-Auto sl 1728 Target 1686
Hold short Bel sl 2009 Target 1965
Sell Mcdowell-n below 1302 sl 1322 Target 1286
Sell Mphasis sl 690 Target 655
Sell Uniphos sl 154 Target 148
Sell Indusindbk below 146 sl 150 Target 140
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
Contact Details : email : info@integrity.org.in
Call : +91 99750 60000
Ahead of Budget, market will open flat and expect volatility as Hon.Finance Minister will start his speech.No big expectations from this budget only to see how he can tactfully handle the Inflation and Deficit issues.Again same yesterday's levels for Indices.Buy Nifty above 4895 or Sell below 4822 and for BankNifty Buy above 8558 or Sell below 8412. We advise to be patient and keep following strict stops.
Recommendations :
Caution : As this is a volatile session, we advice to keep stops strictly.Follow Buy call in Positive Market bias and v.v.
Buy Aban above 1184 sl 1163 Target 1208
Buy Powergrid above 107.25 sl 106 Target 109
Buy Tatapower sl 1257 Target 1280 / 1291
Buy Crompgreav sl 405 Target 419
Buy Ibrealest above 168 sl 163 Target 175
Buy Indhotel above 89 sl 87.5 Target 92 Positional
Buy Videoind above 221 sl 217 Target 225 / 229
Watch Torntpower sl 194 Target 205 / 211
Sell Bhel below 2347 sl 2360 Target 2323
Sell BPCL sl 571 Target 556
Sell Hindunilvr sl 237 Target 233 / 230
Sell Bajaj-Auto sl 1728 Target 1686
Hold short Bel sl 2009 Target 1965
Sell Mcdowell-n below 1302 sl 1322 Target 1286
Sell Mphasis sl 690 Target 655
Sell Uniphos sl 154 Target 148
Sell Indusindbk below 146 sl 150 Target 140
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
Contact Details : email : info@integrity.org.in
Call : +91 99750 60000
Thursday, February 25, 2010
25 Feb 2010 Market Closing
25 Feb 2010 Market Closing 15:33
Market opened flat and traded in a very narrow range.Nifty made an intraday high of 4880.15 and a low of 4835.60.It closed just 7 points up at 4866.20.Sensex gained 39.05 points to close at 16266.28.
Among the BSE sectoral indices, Capital Goods rose highest by 1.27% followed by IT(0.55%) while Oil&Gas Index was down by 1.05%.
Market breadth was negative as 743 stocks declined and 523 stocks rose on NSE today.
Bata India rose nearly 10% on strong results.Net profits jumped to 67.23 cr from 60.74 cr.for the yera ended on 31st Dec 2009.
New listing Hathway closed 12.08% down on its first day.
A day before the Budget, the Economic Survey today predicted up to 8.75 per cent growth in 2010-11 while recommending a gradual roll back of stimulus -- a move that could entail hike in excise duty and service tax.
Warning that high double digit food prices could lead to "higher-than-anticipated" general level of inflation, the Survey called for effective steps to be taken to remove supply-side bottlenecks together with other policies.The survey said a 44% drop in sugar output to 14.7 million tonnes in the year to September also contributed to rise in food prices.
The finance ministry, in its annual survey of the economy for fiscal year to March 2010, said state-run Food Corp of India and other firms should release wheat and rice from its warehouses when the gap between food and non-food inflations goes above a certain "critical level."
The Survey said the government policy, other calibrated measures and tax reliefs as contained in the stimulus have helped the economy shrug off effects of slowdown triggered by global financial meltdown in 2008.
The buoyancy in the economy in tandem with reforms would make India possibly the fastest growing eocnomy in the next four years, it said while recommending that there was a need for improving government financial by way of rasing tax and non-tax revenues and containing deficit.
Last week, the Prime Minister's Economic Advisory Council too had suggested partial roll back of stimulus measures, including raising excise duty and service tax rates.
The economy is projected to grow by 7.2 per cent this fiscal with industrial and services sectors growing at 8.2 and 8.7 per cent respectivelly. Full recovery is likely over the next two fiscals with up to 8.75 per cent growth in 2010-11 and nine per cent the subsequent year.
The government today invited applications from mobile operators to participate in the auction of 3G spectrum and allowed three private players in most of the circles while four in five states including Punjab and Bihar.
According to the Notice Inviting Applications (NIA) for 3G spectrum auction in 22 circles, most of the circles including four metros -- Delhi, Mumbai, Kolkata and Chennai -- would have three private players.
Only five states of Punjab, West Bengal, Bihar, Himachal Pradesh and Jammu and Kashmir would accommodate four private operators.
The document said all successful bidders would be allowed to offer 3G services on commercial basis from September 1, this year.
Contact Details :
Email : info@integrity.org.in
Call : +919975060000
Market opened flat and traded in a very narrow range.Nifty made an intraday high of 4880.15 and a low of 4835.60.It closed just 7 points up at 4866.20.Sensex gained 39.05 points to close at 16266.28.
Among the BSE sectoral indices, Capital Goods rose highest by 1.27% followed by IT(0.55%) while Oil&Gas Index was down by 1.05%.
Market breadth was negative as 743 stocks declined and 523 stocks rose on NSE today.
Bata India rose nearly 10% on strong results.Net profits jumped to 67.23 cr from 60.74 cr.for the yera ended on 31st Dec 2009.
New listing Hathway closed 12.08% down on its first day.
A day before the Budget, the Economic Survey today predicted up to 8.75 per cent growth in 2010-11 while recommending a gradual roll back of stimulus -- a move that could entail hike in excise duty and service tax.
Warning that high double digit food prices could lead to "higher-than-anticipated" general level of inflation, the Survey called for effective steps to be taken to remove supply-side bottlenecks together with other policies.The survey said a 44% drop in sugar output to 14.7 million tonnes in the year to September also contributed to rise in food prices.
The finance ministry, in its annual survey of the economy for fiscal year to March 2010, said state-run Food Corp of India and other firms should release wheat and rice from its warehouses when the gap between food and non-food inflations goes above a certain "critical level."
The Survey said the government policy, other calibrated measures and tax reliefs as contained in the stimulus have helped the economy shrug off effects of slowdown triggered by global financial meltdown in 2008.
The buoyancy in the economy in tandem with reforms would make India possibly the fastest growing eocnomy in the next four years, it said while recommending that there was a need for improving government financial by way of rasing tax and non-tax revenues and containing deficit.
Last week, the Prime Minister's Economic Advisory Council too had suggested partial roll back of stimulus measures, including raising excise duty and service tax rates.
The economy is projected to grow by 7.2 per cent this fiscal with industrial and services sectors growing at 8.2 and 8.7 per cent respectivelly. Full recovery is likely over the next two fiscals with up to 8.75 per cent growth in 2010-11 and nine per cent the subsequent year.
The government today invited applications from mobile operators to participate in the auction of 3G spectrum and allowed three private players in most of the circles while four in five states including Punjab and Bihar.
According to the Notice Inviting Applications (NIA) for 3G spectrum auction in 22 circles, most of the circles including four metros -- Delhi, Mumbai, Kolkata and Chennai -- would have three private players.
Only five states of Punjab, West Bengal, Bihar, Himachal Pradesh and Jammu and Kashmir would accommodate four private operators.
The document said all successful bidders would be allowed to offer 3G services on commercial basis from September 1, this year.
Contact Details :
Email : info@integrity.org.in
Call : +919975060000
25 Feb 2010 Market Mornin Updates
25 Feb 2010 Market Morning Updates 08:55
Stocks in News :
Nifty will open slightly positive as Asian indices are trading flat.Nifty was rangebound between 4822 and 4895 similarly BankNifty was in 8412 to 8558.At anypoint,if they sustain above or below these levels will give a smart rally.Bounceback expected in sugar stocks like Renuka and Bajajhind, also some power stocks like RPower and Suzlon.Relcapital and Bank of India should be watchful.
Recommendations :
Follow Buy calls in positive market bias and v.v.
Buy Idea sl 57 Target 60
Hold Long Jindalstel sl 616 Target 632
Buy LT sl 1487 Target 1524
Buy Maruti sl 1352 Target 1378
Buy NTPC sl 202 Target 208
Buy Powergrid sl 99 Target 109 / 114 (Positional)
Buy Ranbaxy sl 445 Target 458
Buy Unionbank sl 246 Target 257
Buy Glodyne sl 555 Target 580 / 605
Buy Ster sl 757 Target 770
Buy Gail above 410 sl 406 Target 416
Buy Grasim above 2664 sl 2645 Target 2703
Buy SBIN above 1935 sl 1911 Target 1962
Buy Tatapower above 1266 sl 1253 Target 1281
Buy Unitech above 72 sl 71 Target 74
Buy Canbk above 384 sl 380 Target 389
Buy PFC above 243 sl 239 Target
Buy Tulip above 961 sl 952 Target 969 / 979
Sell Bhel below 2347 sl 2361 Target 2322
Sell Herohonda below 1656 sl 1675 Target 1631
Sell PNB sl 879 Target 862
Sell Sunpharma below 1525 sl 1540 Target 1506
Sell Tatamotors sl 690 Target 672
Sell Adanient below 487 sl 492 Target 477
Sell Bankbaroda sl 571 Target 561
Sell BEL below 2008 sl 2037 Target 1970 (Positional)
Stocks in News :
Vishal Retail :CDR committee meeting postponed
Vishal Retail CDR meeting to be held on March 12
Strategic investor's proposal was to be tabled yesterday
Delay in final proposal caused delay in CDR meeting
Aventis Pharma Q4 From NSE
Net sales at Rs 237.1 crore versus Rs 269.9 crore (YoY)
Net profit at Rs 26 crore versus Rs 45.3 crore (YoY)
Maruti update
Maruti Suzuki to launch new WagonR by April 2010
New WagonR will sport a new K-Series 1 litre engine
New WagonR to be priced about Rs 3.3 lakh
Old WagonR will be phased out
MphasiS Q1 (QoQ)
Consolidated revenues up 5.2% to Rs 1191.6 crore (JPM estimate: Rs 1145 crore)
Operating margin at 22.5% versus 21.9%
Net profit at Rs 268.3 crore versus Rs 245 crore, up 9.5% (JPM Estimate: Rs 222.6 crore)
Alfa Laval Q4:
Net sales at Rs 237.3 crore versus Rs 237 crore (YoY)
Net profit at Rs 33 crore versus Rs 20.7 crore (YoY)
Other stocks that are in news today:
Kotak Mahindra Bank to replace Grasim in Nifty from April 8
Hathway Cables to list today
NMDC USD 3 billion share sale to open on March 10 – sources
Rahul Bajaj sells 35.35 lakh shares (50% stake) of Bajaj Electricals to Shekhar & Anant Bajaj
MindTree to raise USD 100 million via debt, board approved raising of equity by issuing 15% of the current issued capital
Strides Arcolab allotted 25.6 lakh shares on conversion of warrants to promoter group company @ Rs 91.15/sh
Fulford India raised Rs 40.25 crore by issuing 7 lakh shares @ Rs 565 to its promoters Dashtag
Sasken Communication fixes preferential issue of warrants at Rs 176 to promoters
Gammon India bags Rs 137.3 crore order from ISKCON
Indian ADRs :
Indian ADRs ended mostly in green on Wednesday. In the IT space, Infosys was up 1.71% at $ 56.47, Satyam Computers was up 1.18% at $ 5.16, Wipro was up 1.06% at $ 21.01 and Patni Computers was up 0.52% at $ 21.12.
In the banking space, HDFC Bank was up 1.54% at $ 121.47 and ICICI Bank was up 0.72% at $ 36.6. In the telecom space, Tata Communication was down 0.55% at $ 12.55 and MTNL was down 1.27% at $ 3.0805.
In other sectors, Sterlite Industries was up 2.48% at $ 16.53, Dr Reddy’s Labs was up 1.32% at $ 24.55 and Tata Motors was up 0.33% at $ 15.2.
Market Cues :
NSE F&O Feb series expiry today :
FIIs were net buyers of USD 161.25 million in equities on February 23
NSE F&O Open Int was up by Rs 252 crore at Rs 1,23,763 crore
As per provisional data of February 24 FIIs were net buyers of Rs 486 crore, while DIIs were net sellers of Rs 155 crore in cash markets. FIIs were net sellers of Rs 747 crore in F&O.
F&O cues:
Marketwide rollover at 59% versus D-1 avg of 60%
Nifty rollover at 55% versus D-1 avg of 60%
Strong rollovers in auto (73%), telecom (72%)
Low rollovers in construction stocks (56%)
Low rollovers in HDIL (48%), Unitech (53%)
Low rollovers in IFCI (59%), Hindalco (55%), GVK (57%)
High rollovers in REC (93%), Idea (80%)
High rollovers in Tata Mot (71%), Balram Chini (80%)
Expiry Day Stats
Total Futures OI 7% lower than last series
Nifty Futures OI 17% lower than last series
FIIs in F&O on February 24
Net sell Rs 700 crore in Nifty futures
Nifty Futures Open Int up 58,542 contracts
Net sell Rs 250 crore in Nifty options
Nifty Options Open Int up 11,929 contracts
Net buy Rs 277 crore in Stock futures
Stock Futures Open Int up 10,078 contracts
US Markets :
The US stocks closed higher after a knee jerk reaction in early trade. Markets got support as the dollar pulled back and Fed chairman Ben Bernanke pledged to keep rates low for a long time in his semi-annual testimony before congress. Stocks had slipped in initial trade on disappointing new home sales for January.
The 11.2% drop in home sales was their worst monthly downturn since January 2009. Financials were among the top gainers.
The Dow ended with 0.9% gain, clawing back most of the 100 points it lost in the prior session's selloff. The S&P 500 & the Nasdaq saw one percent gains.
The dollar fell as comments by US Federal Reserve chairman Ben Bernanke dampened speculation that a tightening of monetary policy might be nearing. However, the greenback recovered some losses in late trade yesterday.
Industrial metals lagged the broader commodity index this session. Although copper futures were modestly higher, aluminum and nickel futures slipped over a percent.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
Contact Details : email : info@integrity.org.in
Stocks in News :
Nifty will open slightly positive as Asian indices are trading flat.Nifty was rangebound between 4822 and 4895 similarly BankNifty was in 8412 to 8558.At anypoint,if they sustain above or below these levels will give a smart rally.Bounceback expected in sugar stocks like Renuka and Bajajhind, also some power stocks like RPower and Suzlon.Relcapital and Bank of India should be watchful.
Recommendations :
Follow Buy calls in positive market bias and v.v.
Buy Idea sl 57 Target 60
Hold Long Jindalstel sl 616 Target 632
Buy LT sl 1487 Target 1524
Buy Maruti sl 1352 Target 1378
Buy NTPC sl 202 Target 208
Buy Powergrid sl 99 Target 109 / 114 (Positional)
Buy Ranbaxy sl 445 Target 458
Buy Unionbank sl 246 Target 257
Buy Glodyne sl 555 Target 580 / 605
Buy Ster sl 757 Target 770
Buy Gail above 410 sl 406 Target 416
Buy Grasim above 2664 sl 2645 Target 2703
Buy SBIN above 1935 sl 1911 Target 1962
Buy Tatapower above 1266 sl 1253 Target 1281
Buy Unitech above 72 sl 71 Target 74
Buy Canbk above 384 sl 380 Target 389
Buy PFC above 243 sl 239 Target
Buy Tulip above 961 sl 952 Target 969 / 979
Sell Bhel below 2347 sl 2361 Target 2322
Sell Herohonda below 1656 sl 1675 Target 1631
Sell PNB sl 879 Target 862
Sell Sunpharma below 1525 sl 1540 Target 1506
Sell Tatamotors sl 690 Target 672
Sell Adanient below 487 sl 492 Target 477
Sell Bankbaroda sl 571 Target 561
Sell BEL below 2008 sl 2037 Target 1970 (Positional)
Stocks in News :
Vishal Retail :CDR committee meeting postponed
Vishal Retail CDR meeting to be held on March 12
Strategic investor's proposal was to be tabled yesterday
Delay in final proposal caused delay in CDR meeting
Aventis Pharma Q4 From NSE
Net sales at Rs 237.1 crore versus Rs 269.9 crore (YoY)
Net profit at Rs 26 crore versus Rs 45.3 crore (YoY)
Maruti update
Maruti Suzuki to launch new WagonR by April 2010
New WagonR will sport a new K-Series 1 litre engine
New WagonR to be priced about Rs 3.3 lakh
Old WagonR will be phased out
MphasiS Q1 (QoQ)
Consolidated revenues up 5.2% to Rs 1191.6 crore (JPM estimate: Rs 1145 crore)
Operating margin at 22.5% versus 21.9%
Net profit at Rs 268.3 crore versus Rs 245 crore, up 9.5% (JPM Estimate: Rs 222.6 crore)
Alfa Laval Q4:
Net sales at Rs 237.3 crore versus Rs 237 crore (YoY)
Net profit at Rs 33 crore versus Rs 20.7 crore (YoY)
Other stocks that are in news today:
Kotak Mahindra Bank to replace Grasim in Nifty from April 8
Hathway Cables to list today
NMDC USD 3 billion share sale to open on March 10 – sources
Rahul Bajaj sells 35.35 lakh shares (50% stake) of Bajaj Electricals to Shekhar & Anant Bajaj
MindTree to raise USD 100 million via debt, board approved raising of equity by issuing 15% of the current issued capital
Strides Arcolab allotted 25.6 lakh shares on conversion of warrants to promoter group company @ Rs 91.15/sh
Fulford India raised Rs 40.25 crore by issuing 7 lakh shares @ Rs 565 to its promoters Dashtag
Sasken Communication fixes preferential issue of warrants at Rs 176 to promoters
Gammon India bags Rs 137.3 crore order from ISKCON
Indian ADRs :
Indian ADRs ended mostly in green on Wednesday. In the IT space, Infosys was up 1.71% at $ 56.47, Satyam Computers was up 1.18% at $ 5.16, Wipro was up 1.06% at $ 21.01 and Patni Computers was up 0.52% at $ 21.12.
In the banking space, HDFC Bank was up 1.54% at $ 121.47 and ICICI Bank was up 0.72% at $ 36.6. In the telecom space, Tata Communication was down 0.55% at $ 12.55 and MTNL was down 1.27% at $ 3.0805.
In other sectors, Sterlite Industries was up 2.48% at $ 16.53, Dr Reddy’s Labs was up 1.32% at $ 24.55 and Tata Motors was up 0.33% at $ 15.2.
Market Cues :
NSE F&O Feb series expiry today :
FIIs were net buyers of USD 161.25 million in equities on February 23
NSE F&O Open Int was up by Rs 252 crore at Rs 1,23,763 crore
As per provisional data of February 24 FIIs were net buyers of Rs 486 crore, while DIIs were net sellers of Rs 155 crore in cash markets. FIIs were net sellers of Rs 747 crore in F&O.
F&O cues:
Marketwide rollover at 59% versus D-1 avg of 60%
Nifty rollover at 55% versus D-1 avg of 60%
Strong rollovers in auto (73%), telecom (72%)
Low rollovers in construction stocks (56%)
Low rollovers in HDIL (48%), Unitech (53%)
Low rollovers in IFCI (59%), Hindalco (55%), GVK (57%)
High rollovers in REC (93%), Idea (80%)
High rollovers in Tata Mot (71%), Balram Chini (80%)
Expiry Day Stats
Total Futures OI 7% lower than last series
Nifty Futures OI 17% lower than last series
FIIs in F&O on February 24
Net sell Rs 700 crore in Nifty futures
Nifty Futures Open Int up 58,542 contracts
Net sell Rs 250 crore in Nifty options
Nifty Options Open Int up 11,929 contracts
Net buy Rs 277 crore in Stock futures
Stock Futures Open Int up 10,078 contracts
US Markets :
The US stocks closed higher after a knee jerk reaction in early trade. Markets got support as the dollar pulled back and Fed chairman Ben Bernanke pledged to keep rates low for a long time in his semi-annual testimony before congress. Stocks had slipped in initial trade on disappointing new home sales for January.
The 11.2% drop in home sales was their worst monthly downturn since January 2009. Financials were among the top gainers.
The Dow ended with 0.9% gain, clawing back most of the 100 points it lost in the prior session's selloff. The S&P 500 & the Nasdaq saw one percent gains.
The dollar fell as comments by US Federal Reserve chairman Ben Bernanke dampened speculation that a tightening of monetary policy might be nearing. However, the greenback recovered some losses in late trade yesterday.
Industrial metals lagged the broader commodity index this session. Although copper futures were modestly higher, aluminum and nickel futures slipped over a percent.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
Contact Details : email : info@integrity.org.in
Wednesday, February 24, 2010
Hats off to Sachin !
Sachin R Tendulkar has made A HISTORY !
He has become the 1st cricketer who has made DOUBLE CENTURY IN ONE DAY INTERNATIONAL.
Railway Budget for 2010
Railway Budget 2010 Outcome :
We won't privatise railways: Mamata Banerjee.
Will concentrate on Infrastructural activities.
Railway minister Ms.Mamata Banerjee appeals to business houses to join hands for building partnership with Railways.
Presenting Railway Budget for 2010-11, Ms.Banerjee says a special task force will be set up for early clearance of projects.
Railways not to be privatised; It will remain with the government, said Ms.Banerjee. While not privatising, railways have to develop business models for improving earnings, she added.
Railways '2020 vision' document will contain short, medium and long-term goals.
Commitments fulfilled to the maximum. Out of 120 trains announced in last budget, only three remain to be flagged off because of lack of broad-gauge lines, said Ms.Banerjee.
She said the government plans to launch a pilot project for fire detection. It plans to construct more underpasses for safety, the minister said while presenting the railway budget.
Railways to start six water bottling plants in places like Ambala, Thiruvananthapuram, Farakka, Amethi and Nasik to provide clean and cheap drinking water to passengers.
Plans to add 25,000 route kilometers by 2020, The railways currently has 64,015 route kilometers, she said.
India's railways has set up a special task force to clear investment proposals in 100 days.
No hike in freight tariff.
Points :
To extend railway insurance schemes to platform vendors.
Service charge on sleeper class cut to Rs 10
To run 101 suburban trains in Mumbai
To acquire 80000 new wagons
To introduce 54 new trains in FY11
Ex-servicemen to be employed in Railway Protection Force
Special task force for clearing investment proposals in 100 days
Pvt operators can run freight trains.
Modern toilets at railway stations.
To set up design unit in Bangalore.
Acquisition of cutting edge safety technology.
Net profit of Rs.1328 Cr in last financial year.
Special drive to increase passenger amenities.
To introduce modified wagons sheme.
Freight cut on kerosene.
To set up 10 auto-ancillary units.
Plan outlay for FY11 at Rs 41426 cr.
To launch 10 more Duranto trains.
To ink pact with Japanese co for western freight corridor next month.
Upgradation of 94 stations.
Freight corridor for Andhra Pradesh and Maharashtra.
Security of women passengers to be improved.
Planning to start dedicated passenger corridors.
Job in Railways for land surrenders.
Construction of more underpasses, besides road overbridges.
Special train for Commonwealth Games.
Pilot project for fire detection.
Funding for metro rail project increased by 5%
More ticketing centres to help the public.
Gross earning exceeded Rs 88,000 cr.
FY11 freight target set at 944 mn tonnes.
Pension fund at Rs 14,500 cr for FY11.
Metro transportation raised by 55%.
Will start Wagon workshop at Badnera near Amravati(MH).
IRFC to borrow Rs 91.2 bn from market in FY2010-11.
Railways to increase earnings from non core areas : The government aims to increase non core earnings to 10 billion rupees from 1.5 billion rupees.
New 101 Local Trains for Mumbai.New 32 local trains for Thane,Kasara,Kalyan,Khopoli.
New Railway track : Dhule(MH)-Amalner(MH)., Jalna-Khamgaon,Ramtek-Sivni,
Survey for Nasik-Dahanu Road Track,Desaiganj-Gadchiroli,Garhchandur-Alidabad,Belgaon-Savantwadi.
Daily train for Ahmedabad-Pune, Ahmedabad-Mumbai.
Kachiguda-Nanded express will be extended upto Akola.
Special Train in West Bengal in the memories of Rabindranath Tagore on his 150th Birth Anniversary.
Will start new train to connect Banglades.New local train for ladies on Thane-Nerul-Panvel track.
Will plan Double track for Daund-Manmad.
MUTP 1 will be completed at the end of this year.
New Trains announced : Mumbai-Darrbhanga and Mumbai-Guwahati, Mumbai-Pune-Tirupathi-Kanchipuram, Kanyakumari-Pune, Pune-Jaipur, Sultanpur-Mumbai(Duranto Express), Tirupati-Secunderabad, Pune-Haridwar, Bhuwaneshwar-Pune, Kolhapur-Solapur, Kolhapur-Hyderabad, Mumba-Shirdi Intercity, Miraj-Pandharpur passenger
Cancer patients will travel through A/c or Non A/c for free.
E-Ticket will become cheaper.
Disclaimer : This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information and is not for circulation. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein. Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY or its affiliates or its directors or its employees or its representatives or its clients or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.E&OE.
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
24 Feb 2010 Uncertainty begins Today
Uncertainty begins today :
Volatility follows uncertainty..
From today,consecutive 3 important days for our nation.Hon.Minister of Indian Railways Ms.Mamata Banarjee will announce Railway Budget today. Tomorrow there is a Feb Derivative contracts' expiry and on Friday,26th Feb.Hon.Finance Minister Mr.Pranav Mukherjee will announce Union Budget 2010-2011 which will be very tough for both.
Railway Budget :
Ms.Banerjee is expected to announce measures that will kickstart the railways journey to accomplish the Vision-2020 targets. Envisaging investments of Rs 14,00,000 crore by year 2020, the document had called for more public private partnership to lay down new rail lines of 25,000 kilo metre in the next 10 years, development of world-class stations and wagon manufacturing.
The Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC. Stocks of companies whose fortunes are lined to orders from the Railways viz. Container Corporation of India, Kernex Microsystems, Stone India, Kalindee Rail Nirman, Titagarh Wagons, Texmaco, Gateway Distriparks and Simplex Casting may see action.
The Budget may also see the unveiling of a new public-private policy and focus on cost saving and higher efficiencies. It may boost wagon capacity utilisation. Private companies have made a case for greater wagon purchase. The move is likely to benefit companies like Texmaco and Titagarh Wagons.
It is expected that the passenger fares will have no hike. However, there may be some changes in the freight tariff that has to be undertaken in view of the drying revenues. People of West Bengal can look forward to greater facilities in the upcoming Budget like the introduction of new routes and higher frequency of presently running trains. Mamata Banerjee seems to make the best of her efforts to please the people of her mother state especially when the assembly polls are approaching.
Though this year had been considerably good for the Indian Railways, yet it scored badly in terms of transfer of goods, vis a vis truckers. As per the statistical data, railway earning has gone high up 8.6 percent that contributed to Rs. 70, 561.65 crore which is much higher than the previous fiscal earning that recorded Rs. 64943.32 crore.
Though the earning both in terms of the passenger revenue and the goods revenue went high, India Railways’ contribution in the movement of goods, vis a vis truckers, has gone down to 20.89 percent against 24.07 percent in 2001-02. It is quite obvious that that the freight fares which form the main source of earning for the Indian Railway has to be channelized to get the higher share of freight.
At present Indian Railway moves 14 million passengers with 7,000 trains daily from 6,906 stations leaving cargo trains. So question is that, whether any increase will be marked or will it be steady at present. At present as per ministerial data, the total goods earnings grew 8.47 percent and the total passenger revenue earnings were up 7.40 percent. So definitely from this angle, it seems that freight charges will increase more profit and decrease in passenger fairs will increase people loyalty.
Highlights of Rail Budget 2009 :
* No increase in passenger fare and freight tariff.
* Budget to have inclusive growth and expansion of railway network to every corner of the country.
* Plan outlay of rs.40,745 cr. proposed for 2009-2010, passenger amenities get high priority, to get 119% increase .
* Traffic receipts during 2008-09 increase by 11.4 % while freight loading grew @ 5% Special trains for perishable farm produce, facilities for transportation of rural craft.
* Works for 7 new lines, gauge conversion of 17 lines and doubling of 13 lines to be taken up.
* Faster parcel services proposed on three routs.
* Tatkal scheme to be made passenger friendly.
* Railway tickets to be made available through post offices and ‘mushkil aasaan’ mobile vans.
* Concession for press persons increased to 50%.
* Monthly ticket of rs. 25/- for unorganized sector/poor under ‘izzat’ scheme .
* “only ladies’ emu trains at Delhi, Kolkata and Chennai.
* ‘Yuva trains’ from rural hinterland to metros at concessional fare.
* 12 new point-to-point ‘duranto’ trains.
* 57 new trains, extension of 27 trains and increase in frequency of 13 trains and air-conditioned double-decker trains proposed.
* 50 stations to be upgraded to world class stations.
* Long distance trains to have on-board doctors and infotainment services.
* Handicapped and aged persons to have more amenities.
* Special trains to ferry perishable agro products and rural handicrafts.
* Special fund for the development of north east railway.
* Quazigund-Anantnag line to be completed by August 2009.
* 6560 railway staff quarters to be constructed and group‘d’ employees to get scholarships for their girl child.
* Railways to come out with while paper on financial status and vision-2020 document.
Volatility follows uncertainty..
From today,consecutive 3 important days for our nation.Hon.Minister of Indian Railways Ms.Mamata Banarjee will announce Railway Budget today. Tomorrow there is a Feb Derivative contracts' expiry and on Friday,26th Feb.Hon.Finance Minister Mr.Pranav Mukherjee will announce Union Budget 2010-2011 which will be very tough for both.
Railway Budget :
As far as rail budget is concerned, the Railway minister Mamata Banerjee is likely to present a populist budget leaving passenger fares untouched, but rationalise the freight rates of certain commodities like iron ore, coal and cement. Banerjee is unlikely to tinker with the freight rates of essential commodities including food grains.
Ms.Banerjee is expected to announce measures that will kickstart the railways journey to accomplish the Vision-2020 targets. Envisaging investments of Rs 14,00,000 crore by year 2020, the document had called for more public private partnership to lay down new rail lines of 25,000 kilo metre in the next 10 years, development of world-class stations and wagon manufacturing.
The Railways may unveil its big focus on private investments. It may seek private investments in all possible sectors like lines and sidings. The move could benefit companies like L&T, Adani, and ACC. Stocks of companies whose fortunes are lined to orders from the Railways viz. Container Corporation of India, Kernex Microsystems, Stone India, Kalindee Rail Nirman, Titagarh Wagons, Texmaco, Gateway Distriparks and Simplex Casting may see action.
The Budget may also see the unveiling of a new public-private policy and focus on cost saving and higher efficiencies. It may boost wagon capacity utilisation. Private companies have made a case for greater wagon purchase. The move is likely to benefit companies like Texmaco and Titagarh Wagons.
It is expected that the passenger fares will have no hike. However, there may be some changes in the freight tariff that has to be undertaken in view of the drying revenues. People of West Bengal can look forward to greater facilities in the upcoming Budget like the introduction of new routes and higher frequency of presently running trains. Mamata Banerjee seems to make the best of her efforts to please the people of her mother state especially when the assembly polls are approaching.
Though this year had been considerably good for the Indian Railways, yet it scored badly in terms of transfer of goods, vis a vis truckers. As per the statistical data, railway earning has gone high up 8.6 percent that contributed to Rs. 70, 561.65 crore which is much higher than the previous fiscal earning that recorded Rs. 64943.32 crore.
Though the earning both in terms of the passenger revenue and the goods revenue went high, India Railways’ contribution in the movement of goods, vis a vis truckers, has gone down to 20.89 percent against 24.07 percent in 2001-02. It is quite obvious that that the freight fares which form the main source of earning for the Indian Railway has to be channelized to get the higher share of freight.
At present Indian Railway moves 14 million passengers with 7,000 trains daily from 6,906 stations leaving cargo trains. So question is that, whether any increase will be marked or will it be steady at present. At present as per ministerial data, the total goods earnings grew 8.47 percent and the total passenger revenue earnings were up 7.40 percent. So definitely from this angle, it seems that freight charges will increase more profit and decrease in passenger fairs will increase people loyalty.
Highlights of Rail Budget 2009 :
* No increase in passenger fare and freight tariff.
* Budget to have inclusive growth and expansion of railway network to every corner of the country.
* Plan outlay of rs.40,745 cr. proposed for 2009-2010, passenger amenities get high priority, to get 119% increase .
* Traffic receipts during 2008-09 increase by 11.4 % while freight loading grew @ 5% Special trains for perishable farm produce, facilities for transportation of rural craft.
* Works for 7 new lines, gauge conversion of 17 lines and doubling of 13 lines to be taken up.
* Faster parcel services proposed on three routs.
* Tatkal scheme to be made passenger friendly.
* Railway tickets to be made available through post offices and ‘mushkil aasaan’ mobile vans.
* Concession for press persons increased to 50%.
* Monthly ticket of rs. 25/- for unorganized sector/poor under ‘izzat’ scheme .
* “only ladies’ emu trains at Delhi, Kolkata and Chennai.
* ‘Yuva trains’ from rural hinterland to metros at concessional fare.
* 12 new point-to-point ‘duranto’ trains.
* 57 new trains, extension of 27 trains and increase in frequency of 13 trains and air-conditioned double-decker trains proposed.
* 50 stations to be upgraded to world class stations.
* Long distance trains to have on-board doctors and infotainment services.
* Handicapped and aged persons to have more amenities.
* Special trains to ferry perishable agro products and rural handicrafts.
* Special fund for the development of north east railway.
* Quazigund-Anantnag line to be completed by August 2009.
* 6560 railway staff quarters to be constructed and group‘d’ employees to get scholarships for their girl child.
* Railways to come out with while paper on financial status and vision-2020 document.
24 Feb 2010 Morning Market Updates
24 Feb 2010 Morning Market Updates 08:55
Global indices again affect our market.Nifty will open around 4840.Nifty has a support at 4825.If it breaks it may touch 4770.
Recommendations :
Buy Jindalstel Above 621 sl 610 Target 630
Buy Ster Above 759 sl 756 Target 771
Hold Ambujacem short sl 105 Target 102
Sell BPCL Below 574 sl 579 Target 568
Sell Cairn sl 265 Target 257
Sell JPAssociat Below 131 sl 133 Target 129
Sell Tatamotors Below 692 sl 700 Target 680
Sell Adanient Below 486
Sell Mcdowell-n Below 1297
Stocks that are in news today:
DB realty listing today may list below issue price*.
Issue price of Rs 468 (lower end); Overall subscription at 2.95x
Emmbi polyarns lists today
Issue price at 45 (upper end of 40-45); subscribed 1.2X
REC FPO Update:
Overall Subscribed 3.1x
QIB 5.6x, NII 1.7x,Retail 0.2x
UBI IPO (closes tom)
Total subscription at 1.88X
QIB at 3.2X, NNI at 0.004X, Retail at 0.122X
From Sources:
FII Demand At 1x REC FPO Book
40% Demand Seen From FIIs, 40% From Insurance Cos; 13% Demand Seen From MFs, 7% From Banks
Fully Subscribed At 206/sh As Part Of French Auction Process
Most FIIs & MFs Bids At Rs 206/sh
LIC May Not Get Any Allotment As Its Bid Was At Rs 205/sh
44% Of Demand Came At Rs 205, 30% At Rs 206 & 9% At Rs 204
Govt Srcs
Govt Satisfied With Bids For REC FPO
As Many As 116 FII’s Applied In FPO; Most Bids By FII’s Were Around Rs 206
Results today:
Bata, Heidelberg cem, Mphasis, Strides Arco, Parle, Aventis Pharma, Alfa laval
Hathway Cable & Datacom to list tomorrow
Bharti Zain Deal :
Bharti's Zain Funding Plan Likely By Wednesday-Thursday
StanChart & Barclays Have Committed $5 Bn Each
Debt To Be Medium-term In Nature; Debt May Be Prepaid Prior To Term
Vendor Financing An Option For Long Term Zain Ops
Maruti :
1 Lakh 'A-Star' Recall Includes Nissan Pixo
Suzuki Has Already Serviced 50,000 Units Out Of 1 Lk Cars
Cost Of Replacing 'A-Star' Gasket Is Not Significant; Cost Already Been Written Off.
Recall Ratio Is 60:40 For Exports:Domestic
Maruti Says:
Replacing gasket for all A stars manufactured till august 09
No Significant Financial Liability On Account Of Recall
Mahindra Forgings QIP Issue Closes :
Raises Rs 175 Cr (Upper-end Of Book); QIP Issue Priced At Rs 107.75/sh
Post Equity Dilution Of 19.2%
Vesuvius India Q3:
Net Profit At Rs 10.1 Cr Vs Rs 5.8 Cr
Net Sales At Rs 103 Cr Vs Rs 82.2 Cr
Other stocks and sectors in the news
Satyam Says Filed Lawsuit Against Upaid On Monday
Nagarjuna Constructions bags Rs 648 cr road projects in Hyd; Project part of civil works in outer ring road
Govt has finalized the pre-qualifying bid for the 12,000cr Hyd Metro Rail Project
Players are L&T, Lanco Infra, Reliance Infra, Essar-Gayatri consortium, GMR Infra, GVK-Samsung, Transstroy-OJSC & Soma-Strabag
HMRL to go for financial bid in April
MindTree board okays raising $100 m via debt
Texmaco to hive off engineering, steel foundry unit into new subsidiary
ATC to buy Essar Tele Infra for $450m
Gujarat Petrosynthese buy back at Rs 40/sh
Spectacle Industries bd approves Pref issue to non-promoters of upto Rs. 18 cr and inv upto Rs 30 cr
Parenteral Drugs signs MOU with Kenya based pharmaceutical Company
No ckt filter on VSF projects
Market cues:
FIIs were net buyers of USD 8.59 million and MFs were net buyers of Rs 89 crore in equities on February 22
NSE F&O Open Int was up by Rs 1,520 crore at Rs 1,23,511 crore
As per provisional data of February 22, FIIs were net buyers of Rs 551 crore in cash markets, while DIIs were net sellers of Rs 180 crore in cash markets. FIIs were net buyers of Rs 273 crore in F&O.
F&O cues:
Futures Open Int up Rs 423 crore, Options Open Int up Rs 1097 crore
Nifty futures net Open Int unchanged
Nifty Feb at par with spot, Mar at 2-point discount ((Absolutely no incentive for any trader to roll either short or long position through the day))
Nifty Open Int PCR at 1.07 versus 1.04
Nifty Puts add 23 lakh shares, Calls shed 1.4 lakh shares in Open Int
Nifty Feb 4800 Put adds 5.8 lakh shares in Open Int
Nifty Mar 4800 Put adds 3.5 lakh shares in Open Int
Stock futures add 2.5 crore shares in Open Int
FIIs in F&O on February 23
Net buy Rs 546 crore in Nifty Futures
Nifty Futures Open Int up 4,128 contracts
Net sell Rs 581 crore in Nifty Options
Nifty Options Open Int up 5,728 contracts
Net buy Rs 273 crore in Stock Futures
Stock Futures Open Int up 21,761 contracts
Us Market:
In the US markets, stocks closed near session lows in their worst single-session percentage loss in more than two weeks on disappointing consumer confidence reading. The February consumer confidence index came in below expectations at a 10-month low of 46. The dollar's strength also weighed on sentiment.
The Dow lost about 101 points to end at 10,282.41. The Nasdaq and the S&P 500 too declined over a percent.
The dollar bounced back after a quiet previous session. The dollar index climbed half a percent higher after the dollar extended a moderate gain from the early going.
Strength in the dollar index did not help as the CRB commodity index lost 1.5% this session. Crude broke below the USD 80 levels and slipped nearly 2% to close to 79 dollars.
Base metals were mired at lower levels during late trade as the robust dollar wiped out gains. Copper fell the most in almost three weeks after a report showed that confidence among US consumers slid to the lowest level since April.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
* It is the opinion of Integrity experts.No claims and or objections will be entertained.
Contact Details : email : info@integrity.org.in
Global indices again affect our market.Nifty will open around 4840.Nifty has a support at 4825.If it breaks it may touch 4770.
Recommendations :
Buy Jindalstel Above 621 sl 610 Target 630
Buy Ster Above 759 sl 756 Target 771
Hold Ambujacem short sl 105 Target 102
Sell BPCL Below 574 sl 579 Target 568
Sell Cairn sl 265 Target 257
Sell JPAssociat Below 131 sl 133 Target 129
Sell Tatamotors Below 692 sl 700 Target 680
Sell Adanient Below 486
Sell Mcdowell-n Below 1297
Stocks that are in news today:
DB realty listing today may list below issue price*.
Issue price of Rs 468 (lower end); Overall subscription at 2.95x
Emmbi polyarns lists today
Issue price at 45 (upper end of 40-45); subscribed 1.2X
REC FPO Update:
Overall Subscribed 3.1x
QIB 5.6x, NII 1.7x,Retail 0.2x
UBI IPO (closes tom)
Total subscription at 1.88X
QIB at 3.2X, NNI at 0.004X, Retail at 0.122X
From Sources:
FII Demand At 1x REC FPO Book
40% Demand Seen From FIIs, 40% From Insurance Cos; 13% Demand Seen From MFs, 7% From Banks
Fully Subscribed At 206/sh As Part Of French Auction Process
Most FIIs & MFs Bids At Rs 206/sh
LIC May Not Get Any Allotment As Its Bid Was At Rs 205/sh
44% Of Demand Came At Rs 205, 30% At Rs 206 & 9% At Rs 204
Govt Srcs
Govt Satisfied With Bids For REC FPO
As Many As 116 FII’s Applied In FPO; Most Bids By FII’s Were Around Rs 206
Results today:
Bata, Heidelberg cem, Mphasis, Strides Arco, Parle, Aventis Pharma, Alfa laval
Hathway Cable & Datacom to list tomorrow
Bharti Zain Deal :
Bharti's Zain Funding Plan Likely By Wednesday-Thursday
StanChart & Barclays Have Committed $5 Bn Each
Debt To Be Medium-term In Nature; Debt May Be Prepaid Prior To Term
Vendor Financing An Option For Long Term Zain Ops
Maruti :
1 Lakh 'A-Star' Recall Includes Nissan Pixo
Suzuki Has Already Serviced 50,000 Units Out Of 1 Lk Cars
Cost Of Replacing 'A-Star' Gasket Is Not Significant; Cost Already Been Written Off.
Recall Ratio Is 60:40 For Exports:Domestic
Maruti Says:
Replacing gasket for all A stars manufactured till august 09
No Significant Financial Liability On Account Of Recall
Mahindra Forgings QIP Issue Closes :
Raises Rs 175 Cr (Upper-end Of Book); QIP Issue Priced At Rs 107.75/sh
Post Equity Dilution Of 19.2%
Vesuvius India Q3:
Net Profit At Rs 10.1 Cr Vs Rs 5.8 Cr
Net Sales At Rs 103 Cr Vs Rs 82.2 Cr
Other stocks and sectors in the news
Satyam Says Filed Lawsuit Against Upaid On Monday
Nagarjuna Constructions bags Rs 648 cr road projects in Hyd; Project part of civil works in outer ring road
Govt has finalized the pre-qualifying bid for the 12,000cr Hyd Metro Rail Project
Players are L&T, Lanco Infra, Reliance Infra, Essar-Gayatri consortium, GMR Infra, GVK-Samsung, Transstroy-OJSC & Soma-Strabag
HMRL to go for financial bid in April
MindTree board okays raising $100 m via debt
Texmaco to hive off engineering, steel foundry unit into new subsidiary
ATC to buy Essar Tele Infra for $450m
Gujarat Petrosynthese buy back at Rs 40/sh
Spectacle Industries bd approves Pref issue to non-promoters of upto Rs. 18 cr and inv upto Rs 30 cr
Parenteral Drugs signs MOU with Kenya based pharmaceutical Company
No ckt filter on VSF projects
Market cues:
FIIs were net buyers of USD 8.59 million and MFs were net buyers of Rs 89 crore in equities on February 22
NSE F&O Open Int was up by Rs 1,520 crore at Rs 1,23,511 crore
As per provisional data of February 22, FIIs were net buyers of Rs 551 crore in cash markets, while DIIs were net sellers of Rs 180 crore in cash markets. FIIs were net buyers of Rs 273 crore in F&O.
F&O cues:
Futures Open Int up Rs 423 crore, Options Open Int up Rs 1097 crore
Nifty futures net Open Int unchanged
Nifty Feb at par with spot, Mar at 2-point discount ((Absolutely no incentive for any trader to roll either short or long position through the day))
Nifty Open Int PCR at 1.07 versus 1.04
Nifty Puts add 23 lakh shares, Calls shed 1.4 lakh shares in Open Int
Nifty Feb 4800 Put adds 5.8 lakh shares in Open Int
Nifty Mar 4800 Put adds 3.5 lakh shares in Open Int
Stock futures add 2.5 crore shares in Open Int
FIIs in F&O on February 23
Net buy Rs 546 crore in Nifty Futures
Nifty Futures Open Int up 4,128 contracts
Net sell Rs 581 crore in Nifty Options
Nifty Options Open Int up 5,728 contracts
Net buy Rs 273 crore in Stock Futures
Stock Futures Open Int up 21,761 contracts
Us Market:
In the US markets, stocks closed near session lows in their worst single-session percentage loss in more than two weeks on disappointing consumer confidence reading. The February consumer confidence index came in below expectations at a 10-month low of 46. The dollar's strength also weighed on sentiment.
The Dow lost about 101 points to end at 10,282.41. The Nasdaq and the S&P 500 too declined over a percent.
The dollar bounced back after a quiet previous session. The dollar index climbed half a percent higher after the dollar extended a moderate gain from the early going.
Strength in the dollar index did not help as the CRB commodity index lost 1.5% this session. Crude broke below the USD 80 levels and slipped nearly 2% to close to 79 dollars.
Base metals were mired at lower levels during late trade as the robust dollar wiped out gains. Copper fell the most in almost three weeks after a report showed that confidence among US consumers slid to the lowest level since April.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication. The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
* It is the opinion of Integrity experts.No claims and or objections will be entertained.
Contact Details : email : info@integrity.org.in
Tuesday, February 23, 2010
23 Feb 2010 Market Closing
23 Feb 2010 Market Closing 15:33
Today market opened in negative but recovered immediately as Hang Seng were trading in positive after a smart recovery of nearly 580 points from the day's bottom.
Nifty also made a day low of 4833.15 and recovered upto 4884.10 but closed flat at 4875.75 gaining 19.35 points.Sensex closed at 16301.05, 64 points above yesterday's close.
Among Nifty50 stocks, Sunpharma gained the most by 2.36% and closed at 1572 and Maruti was the top loser by 3.62% to close at 1336.
Realty was the lead gainer among BSE sectoral indices with 1.11% while Auto index was the top loser with 1.70%
Overall market breadth was negative to 3:1 as 323 stocks gained and 961 stocks declined today on NSE.
Global Indices at 15:33 hrs (IST)
Hangseng : 20623
Nikkei : 10352.10
FTSE : 5377.87 (+25.80)
CAC : 3772.31 (+15.61)
Dax : 5700.98 (+12.54)
Dow Future : + 12
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
Today market opened in negative but recovered immediately as Hang Seng were trading in positive after a smart recovery of nearly 580 points from the day's bottom.
Nifty also made a day low of 4833.15 and recovered upto 4884.10 but closed flat at 4875.75 gaining 19.35 points.Sensex closed at 16301.05, 64 points above yesterday's close.
Among Nifty50 stocks, Sunpharma gained the most by 2.36% and closed at 1572 and Maruti was the top loser by 3.62% to close at 1336.
Realty was the lead gainer among BSE sectoral indices with 1.11% while Auto index was the top loser with 1.70%
Overall market breadth was negative to 3:1 as 323 stocks gained and 961 stocks declined today on NSE.
Global Indices at 15:33 hrs (IST)
Hangseng : 20623
Nikkei : 10352.10
FTSE : 5377.87 (+25.80)
CAC : 3772.31 (+15.61)
Dax : 5700.98 (+12.54)
Dow Future : + 12
Contact Details :
Email : info@integrity.org.in
Call : +91 99750 60000
23rd Feb Morning Market Updates
23rd Feb Morning Market Updates 08:52
As global market trend is negative,our market will also follow the same stream while opening.Intraday,Nifty become weak below 4825 if sustain below the level and may touch 4786.It has a resistance at 4890 level.
Recommendations :
Follow Sell calls in negative market bias and v.v.
Buy Hindunilvr Above 247 sl 242 Target 253 Positional
Buy Jindalstel Above 622 sl 616 Target 632
Buy SBIN Above 1935 sl 1922 Target 1961
Sell JPAssociat Below 131.5 sl 133 Target 129
Sell Sail Below 208 sl 210 Target 205
Sell Grasim sl 2662 Target 2605 / 2590
Sell Cipla sl 315 Target 309
Sell Ambujacem Below 104 sl 105 Target 102
Sell Cumminsind sl 460 Target 446
Sell Sesagoa sl 372 Target 360 / 357
Sell Indiacem sl 118 Target 112
Sell Beml sl 1105 Target 1075
Market cues:
FIIs were net buyers of USD 63.1 million in equities on February 19
MFs were net sellers of Rs 148.1 crore in equities on February 19
NSE F&O Open Int was up by Rs 856 crore at Rs 1,21,991 crore
As per provisional data of February 22, FIIs were net sellers of Rs 102 crore, while DIIs were net buyers of Rs 117 crore in the cash markets. FIIs were net buyers of Rs 912 crore in F&O
F&O cues:
Futures Open Int up Rs 259 crore, Options Open Int up Rs 597 crore
Nifty Feb futures shed 20 lakh shares, Mar futures add 21 lakh shares in Open Int
Nifty Feb at par, March at 2-point discount
Nifty futures rollover at 29%, Stock futures rollover at 31%
Nifty Open Int PCR at 1.04 versus 1.05
Nifty Puts add 2 lakh, Calls add 8 lakh shares in Open Int
Nifty 4700 Put sheds 5.7 lakh shares in Open Int
Nifty 4800 Put sheds 4 lakh shares in Open Int
Nifty 4900 Call adds 6.8 lakh shares in Open Int
Stock futures add 2.6 cr shares in Open Int
FIIs in F&O on February 22
Net buy Rs 354 crore in Nifty Futures
Nifty Futures Open Int up 14,460 contracts
Net buy Rs 186 crore in Nifty Options
Nifty Options Open Int up 2,333 contracts
Net buy Rs 381 crore in Stock Futures
Stock Futures Open Int up 19,429 contracts
US markets:
The Wall Street ended slightly lower as investors held back ahead of congressional testimony by Fed chairman Ben Bernanke. The S&P 500's 50-day moving average provided support. The line acted as a floor for trade during the entire session.Health insurers' shares rose after President Obama proposed a revised overhaul of US healthcare. Energy shares were under pressure.The market failed to extend a move that took it from a modest loss back to its opening high. At close, the Dow & the Nasdaq closed flat. The S&P 500 too closed around its opening levels.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publicatio.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
Contact Details :
email : info@integrity.org.in
Call : +91 99750 60000
As global market trend is negative,our market will also follow the same stream while opening.Intraday,Nifty become weak below 4825 if sustain below the level and may touch 4786.It has a resistance at 4890 level.
Recommendations :
Follow Sell calls in negative market bias and v.v.
Buy Hindunilvr Above 247 sl 242 Target 253 Positional
Buy Jindalstel Above 622 sl 616 Target 632
Buy SBIN Above 1935 sl 1922 Target 1961
Sell JPAssociat Below 131.5 sl 133 Target 129
Sell Sail Below 208 sl 210 Target 205
Sell Grasim sl 2662 Target 2605 / 2590
Sell Cipla sl 315 Target 309
Sell Ambujacem Below 104 sl 105 Target 102
Sell Cumminsind sl 460 Target 446
Sell Sesagoa sl 372 Target 360 / 357
Sell Indiacem sl 118 Target 112
Sell Beml sl 1105 Target 1075
Market cues:
FIIs were net buyers of USD 63.1 million in equities on February 19
MFs were net sellers of Rs 148.1 crore in equities on February 19
NSE F&O Open Int was up by Rs 856 crore at Rs 1,21,991 crore
As per provisional data of February 22, FIIs were net sellers of Rs 102 crore, while DIIs were net buyers of Rs 117 crore in the cash markets. FIIs were net buyers of Rs 912 crore in F&O
F&O cues:
Futures Open Int up Rs 259 crore, Options Open Int up Rs 597 crore
Nifty Feb futures shed 20 lakh shares, Mar futures add 21 lakh shares in Open Int
Nifty Feb at par, March at 2-point discount
Nifty futures rollover at 29%, Stock futures rollover at 31%
Nifty Open Int PCR at 1.04 versus 1.05
Nifty Puts add 2 lakh, Calls add 8 lakh shares in Open Int
Nifty 4700 Put sheds 5.7 lakh shares in Open Int
Nifty 4800 Put sheds 4 lakh shares in Open Int
Nifty 4900 Call adds 6.8 lakh shares in Open Int
Stock futures add 2.6 cr shares in Open Int
FIIs in F&O on February 22
Net buy Rs 354 crore in Nifty Futures
Nifty Futures Open Int up 14,460 contracts
Net buy Rs 186 crore in Nifty Options
Nifty Options Open Int up 2,333 contracts
Net buy Rs 381 crore in Stock Futures
Stock Futures Open Int up 19,429 contracts
US markets:
The Wall Street ended slightly lower as investors held back ahead of congressional testimony by Fed chairman Ben Bernanke. The S&P 500's 50-day moving average provided support. The line acted as a floor for trade during the entire session.Health insurers' shares rose after President Obama proposed a revised overhaul of US healthcare. Energy shares were under pressure.The market failed to extend a move that took it from a modest loss back to its opening high. At close, the Dow & the Nasdaq closed flat. The S&P 500 too closed around its opening levels.
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publicatio.The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
Contact Details :
email : info@integrity.org.in
Call : +91 99750 60000
Monday, February 22, 2010
Market Closing 15:34
Market closing 15:34
Market opened with gap-up but in the last session, profit booking pulled the indices to close flat.Nifty closed at 4846.40 just 1.5 points in green while Sensex closed 12.74 points in positive at 16204.37.
Among the BSE sectoral indices, Realty was the top looser by shedding 2.12% while IT was the top gainer with 0.94% gain.
On NSE, 933 stocks declined today while 342 stocks rose. Among Nifty50 stocks, Hindalco was the top gainer with 3.10%(154.55) while Idea was the top loser by 4.03% to close 55.90.
For any query, contact us on :
Email : info@integrity.org.in
Call : +91 99750 60000
Market opened with gap-up but in the last session, profit booking pulled the indices to close flat.Nifty closed at 4846.40 just 1.5 points in green while Sensex closed 12.74 points in positive at 16204.37.
Among the BSE sectoral indices, Realty was the top looser by shedding 2.12% while IT was the top gainer with 0.94% gain.
On NSE, 933 stocks declined today while 342 stocks rose. Among Nifty50 stocks, Hindalco was the top gainer with 3.10%(154.55) while Idea was the top loser by 4.03% to close 55.90.
For any query, contact us on :
Email : info@integrity.org.in
Call : +91 99750 60000
Morning Market Updates
Morning Market Updates 08:56
Market will continue the trailing rally of Friday as the Asian markets are enough positive.Nifty will open beyond 4900 mark.It has a resistance at 4950 levels.
Recommendations :
Buy Maruti sl 1364 Target 1384
Buy ABB sl 798 Target 814
Buy HDFCBank sl 1685 Target 1705
Buy HDFCBank sl 2470 Target 2516
Buy Educomp sl 700 Target 724
Hold BankNifty sl 8428 Target 8551 / 8611
Sell Bhel sl 2361 Target 2336
REC FPO (closes tomorrow)
Total subscription at 0.29 times (X)
QIBs at 0.518X, NII at 0.192X, Retail at 0.005X, Employee at 0.012X
Man Infraconstruction (closes today)
Total subscription at 6.87X
QIB at 11.62X, NII at 9.06X, Retail at 0.446X, Employee at 0.002X
Shree Renuka Sugars: First on CNBC
Buys 51% stake in Brazil’s Grupo Equipav for Rs 1,530 crore
No need of open offer as Equipav is unlisted entity
Renuka may look to increase stake in Equipav
Deal to be funded by internal accruals, debt, warrants issue
Alert: Last November, company bought Brazil’s based sugar and ethanol producer VDI for an EV of USD 240 million ((to be paid in 8 years))
Alert: Company has raised Rs 506 crore @ Rs 137 in July 2009
Fame Counter Offer by ADAG
Reliance Mediaworks & PAC - Reliance Capital Partners & Reliance Capital make counter offer for Fame
Open offer for 2.16 crore shares or 62.08% of Fame India at Rs 83.40/share
On successful counter bid ADAG to hold 74.22% of issued equity
Counter offer subject to statutory and regulatory approval
Offer size 2.16 crore shares, 62.08% issued equity or 52.48% of emerging equity capital
ALERT: ADAG holds 42.24 lakh shares or 12.14% issued eq in Fame India
ALERT: Inox acquired 50.48% of Fame's issued equity
ALERT: Inox open offer at Rs 51/share for 82.31 lakh shares
Reliance Industries CNBC-TV18 Exclusive: Sources
RIL stays in race for Lyondellbasell
Meets deadline by submitting an updated offer for LB
RIL's revised offer comprises 'marginal' hike
RIL tweaks the proposal it had submitted for LB in December 2009
RBI
RBI cuts rate cap on banks' export credit to LIBOR+200 bps
RBI says rate cap on Fx export credit cut by 150 Bps
Rate cap cut on banks' FX Export credit effective immediately
RBI Says
Cuts rate cap on credit lines with overseas banks by 50 bps
Daily interest pay on savings bk account mandatory from April 1
Nestle India Q3:
Net profit at Rs 113 crore versus Rs 121 crore
Net sales at Rs 1,352 crore versus Rs 1,090 crore
Other stocks that are in news today:
GMR joins race for Star Aviation – TOI
NMDC to acquire 50% stake in Brazallian operations of Ferrous Resources for USD 2.5 billion – ET
Bharti has lined up USD 9 billion of long term loans from foreign and domestic banks
ETListing alert: Aqua Logistics on February 23; DB realty on February 24
Great Offshore okays raising up to Rs 1,750 crore
Cadila Healthcare to mull bonus share issue on February 25
Essar in talks to acquire Royal Dutch’s liabilities in Europe – FE
Ansal API to set up food/agro SEZ in Haryana – DNA
Maruti Suzuki India to spend Rs 200 crore to create company-owned stockyards & model showrooms By FY12
Bajaj Auto’s plans to acquire majority stake in KTM hits barriers as promoters of KTM declared it will not dilutes is 51% stake in company – BS
HDFC Bank hikes deposit rates by 150 bps
Aurobindo Pharma gets USFDA ok for generic antibacterial Bactrim
Torrent Pharma gets tentative US FDA nod for generic levofloxacin
MIC Electronics bags Parramatta League Club order to Install 120 sqm screen for 3 years
Zuari Industries board meet today to approve the Scheme of amalgamation of Gobind Sugar Mills Limited with Zuari
HK finechem open offer at Rs 25.2/share (cmp at 23.8)
F&O cues:
Futures Open Int down Rs 274 crore
Options Open Int up Rs 655 crore
Nifty Feb Futures shed 17 lakh shares
Nifty Mar Futures add 17 lakh shares in Open Int
Nifty Feb at 1-pt prem, Mar at 4-point disc
Nifty Open Int PCR at 1.05 versus 1.09
Nifty Puts shed 8 lakh shares in Open Int
Nifty Calls add 18.6 lakh shares in Open Int
Nifty 4900 Put sheds 8 lakh shares in Open Int
Nifty 4900 Call adds 8 lakh shares in Open Int
Stock Futures add 2.4 crore shares in Open Int
FIIs in F&O on February 19
Net sell Rs 603 crore in Nifty Futures
Nifty Futures Open Int up 4,783 contracts
Net sell Rs 178 crore in Nifty Options
Net sell Rs 229 crore in Stock Futures
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
Market will continue the trailing rally of Friday as the Asian markets are enough positive.Nifty will open beyond 4900 mark.It has a resistance at 4950 levels.
Recommendations :
Buy Maruti sl 1364 Target 1384
Buy ABB sl 798 Target 814
Buy HDFCBank sl 1685 Target 1705
Buy HDFCBank sl 2470 Target 2516
Buy Educomp sl 700 Target 724
Hold BankNifty sl 8428 Target 8551 / 8611
Sell Bhel sl 2361 Target 2336
REC FPO (closes tomorrow)
Total subscription at 0.29 times (X)
QIBs at 0.518X, NII at 0.192X, Retail at 0.005X, Employee at 0.012X
Man Infraconstruction (closes today)
Total subscription at 6.87X
QIB at 11.62X, NII at 9.06X, Retail at 0.446X, Employee at 0.002X
Shree Renuka Sugars: First on CNBC
Buys 51% stake in Brazil’s Grupo Equipav for Rs 1,530 crore
No need of open offer as Equipav is unlisted entity
Renuka may look to increase stake in Equipav
Deal to be funded by internal accruals, debt, warrants issue
Alert: Last November, company bought Brazil’s based sugar and ethanol producer VDI for an EV of USD 240 million ((to be paid in 8 years))
Alert: Company has raised Rs 506 crore @ Rs 137 in July 2009
Fame Counter Offer by ADAG
Reliance Mediaworks & PAC - Reliance Capital Partners & Reliance Capital make counter offer for Fame
Open offer for 2.16 crore shares or 62.08% of Fame India at Rs 83.40/share
On successful counter bid ADAG to hold 74.22% of issued equity
Counter offer subject to statutory and regulatory approval
Offer size 2.16 crore shares, 62.08% issued equity or 52.48% of emerging equity capital
ALERT: ADAG holds 42.24 lakh shares or 12.14% issued eq in Fame India
ALERT: Inox acquired 50.48% of Fame's issued equity
ALERT: Inox open offer at Rs 51/share for 82.31 lakh shares
Reliance Industries CNBC-TV18 Exclusive: Sources
RIL stays in race for Lyondellbasell
Meets deadline by submitting an updated offer for LB
RIL's revised offer comprises 'marginal' hike
RIL tweaks the proposal it had submitted for LB in December 2009
RBI
RBI cuts rate cap on banks' export credit to LIBOR+200 bps
RBI says rate cap on Fx export credit cut by 150 Bps
Rate cap cut on banks' FX Export credit effective immediately
RBI Says
Cuts rate cap on credit lines with overseas banks by 50 bps
Daily interest pay on savings bk account mandatory from April 1
Nestle India Q3:
Net profit at Rs 113 crore versus Rs 121 crore
Net sales at Rs 1,352 crore versus Rs 1,090 crore
Other stocks that are in news today:
GMR joins race for Star Aviation – TOI
NMDC to acquire 50% stake in Brazallian operations of Ferrous Resources for USD 2.5 billion – ET
Bharti has lined up USD 9 billion of long term loans from foreign and domestic banks
ETListing alert: Aqua Logistics on February 23; DB realty on February 24
Great Offshore okays raising up to Rs 1,750 crore
Cadila Healthcare to mull bonus share issue on February 25
Essar in talks to acquire Royal Dutch’s liabilities in Europe – FE
Ansal API to set up food/agro SEZ in Haryana – DNA
Maruti Suzuki India to spend Rs 200 crore to create company-owned stockyards & model showrooms By FY12
Bajaj Auto’s plans to acquire majority stake in KTM hits barriers as promoters of KTM declared it will not dilutes is 51% stake in company – BS
HDFC Bank hikes deposit rates by 150 bps
Aurobindo Pharma gets USFDA ok for generic antibacterial Bactrim
Torrent Pharma gets tentative US FDA nod for generic levofloxacin
MIC Electronics bags Parramatta League Club order to Install 120 sqm screen for 3 years
Zuari Industries board meet today to approve the Scheme of amalgamation of Gobind Sugar Mills Limited with Zuari
HK finechem open offer at Rs 25.2/share (cmp at 23.8)
F&O cues:
Futures Open Int down Rs 274 crore
Options Open Int up Rs 655 crore
Nifty Feb Futures shed 17 lakh shares
Nifty Mar Futures add 17 lakh shares in Open Int
Nifty Feb at 1-pt prem, Mar at 4-point disc
Nifty Open Int PCR at 1.05 versus 1.09
Nifty Puts shed 8 lakh shares in Open Int
Nifty Calls add 18.6 lakh shares in Open Int
Nifty 4900 Put sheds 8 lakh shares in Open Int
Nifty 4900 Call adds 8 lakh shares in Open Int
Stock Futures add 2.4 crore shares in Open Int
FIIs in F&O on February 19
Net sell Rs 603 crore in Nifty Futures
Nifty Futures Open Int up 4,783 contracts
Net sell Rs 178 crore in Nifty Options
Net sell Rs 229 crore in Stock Futures
Discalimer:This document has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.,Pune, India and is meant for use by the recipient only as information. This document is not to be reported or copied or made available to others without prior permission of iNTEGRITY. It should not be considered or taken as an offer to sell or a solicitation to buy or sell any security. The information contained in this report has been obtained from sources that are considered to be reliable. However, iNTEGRITY has not independently verified the accuracy or completeness of the same. Neither iNTEGRITY nor any of its affiliates, its directors or its employees accept any responsibility of whatsoever nature for the information, statements and opinion given, made available or expressed herein or for any omission therein.Recipients of this report should be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The suitability or otherwise of any investments will depend upon the recipient's particular circumstances and, in case of doubt, advice should be sought from an independent expert/advisor. Either iNTEGRITY and / or its affiliates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives may have position(s), make market, act as principal or engage in transactions of securities of companies referred to in this report and they may have used the research material prior to publication.
The information shared in this blog may be and or may not be 100% perfect as it is being shared from many sources. It is recommended for the investors to take their decisions according to re-verification of the shared information. No claims and or objections will be entertained.
Contact Details : email : info@integrity.org.in
Subscribe to:
Posts (Atom)
