Market may give reaction to its 5 days bear phase.Trade cautiously.
Finance Ministry sources say
-At least 8-9 PSUs may see IPO & FPO in FY12
-RINL, MMTC, PFC, NBCC among those on sell-off list
Finance Ministry sources say
-Govt may consider higher public float for PSUs in FY12
-Currently, 10% public float mandatory for PSUs
-Finance Ministry announced mandatory 25% float in June 2010
Finance Ministry sources say:
-Higher divestment will help mop-up resources in FY12
-Disinvestment will continue to be thrust area for govt
-Non-tax revenues will boost fiscal consolidation efforts
-Scope to raise tax rates sharply limited to some extent
-Govt may target 4.8% fiscal deficit in FY12
Patni :
-Open offer expected in April
-Change of control should happen closer to April
-In interim will concentrate on integration
-Too premature to talk of delisting or reverse merger
-Current focus on integration & go to market strategy
iGATE says
-Had very preliminary discussion with GE
-GE revenues expected to come down post it comes out of NBC
-Have indication that GE views transaction positively
-To become 2nd largest supplier to GE post TCS
-GE will account for 13% of revenue for combined entity
-Expect management meet with both teams in 3-4 weeks
-Have spoken to top customers of both companies
-See potential to see earnings grow faster than revenues
-See USD 20-30 million cost synergies in back-office side
-Execution record of Patni to ensure customers stay
-Will be meeting lot of customers over next few days
-Growth suffered as Patni suffered from ‘for sale’ tag
-Patni average price is around 10% higher than iGate
-Patni brothers have signed non-compete
-Apax may end up owning 27-38% of iGate
-iGate tax rate will be mid 20s post Q1CY11 for relative term
PM convenes meeting to review food inflation today
-Govt scraps import duty on white, raw sugar till March 31
-To okay open general license :: sugar shipment after January 30
-Govt to be cautious on farm exports as food inflation high
-Nagarjuna Fertilisers okays oil operations demerger into Nagarjuna Oil Refinery
-Hero Honda post spilt plans to enter the three wheeler business, pitting against Bajaj Auto (ET)
-IVRCL Infrastructure is negotiating with potential bidders to offload its 55% stake in Hindustan Dorr-Oliver (ET)
-Government to demand over Rs 2000 crore for 30% stake in Bharti Hexacom (ET)
-Reliance Power signed a power purchase agreement with NTPC Vidyut Vypar Nigam Ltd for its 100 mw solar thermal power project in Rajasthan (ET)
-Greaves Cotton bags a 10-year contract from Tata Motors to supply small diesel engines for its new half tonne truck Ace Zip (ET)
-Tata Steel set to raise Rs 3500-5000 crore via FPO (BS)
-Bharti Shipyard faces a Rs 90 crore cancellation order from Shipping Corporation of India (Mint)
-Adani Group plans to expand its ports in Kerala, TN, Orissa and Andhra Pradesh, ramping up its capacity to 200 mt from 160 mt (DNA)
-Pennar Industries seeks to buy engineering firms with sheet-metal skills with a topline of Rs 100-200 crore (DNA)
-Allied Digital and Singapore based e-Cop join hands to provide Managed Security Services to enterprises in 20 countries
-Ashoka Buildcon receives letter from NHAI for achieving financial closure of its project with cost of Rs 694 crore
-Goodyear India board meet on January 13th to approve the Service Agreement with the Parent Company, The Goodyear Tire & Rubber Company for reimbursement of expenses to the Parent Co for the services received by the Company.
-M&M Financial to set up a joint venture Company with De Lage Landen Financial Services to provide wholesale inventory financing to US based dealers
-Hexaware board meet today to consider bonus and dividend
-Shekhawati Poly-Yarn Limited - lists tomorrow (12th)
F&O cues:
Total Nifty futures down Rs 1500 crore, Options up Rs 7266 crore.
Stock futures net shed 1.25 crore shares in Open Interest.
Nifty Fut Open Int net add 2 lakh shares in OI; Nifty futures premium down to 4 points versus 10 points.
Nifty Open Int PCR down at 0.97 from 1.03
Nifty Put add 42 lakh shares in OI, Call adds 78 shares in Open Int
Highest Open Int outstanding at 6200 call, 6100 Call, 5800 Put, 5700 Pput
Nifty 5800 Call adds 32.2 lakh shares in Open Int; prem down from 170 to 92
Nifty 5900 Call adds 24 lakh shares in Open Int; prem down from 120 to 54
Nifty 5600 Put add 17.2 lakh shares in Open Int
Nifty 6000 call adds 14.4 lakh shares in Open Int
Nifty 5700 Put adds 14 lakh shares in Open Int
Nifty 5700 Call add 10.6 lakh shares in Open Int
Nifty 5900 Put sheds 16.2 lakh shares in Open Int
Nifty 6000 Put sheds 13.7 lakh shares in Open Int
FIIs in F&O Jan 10
FIIs net sell Rs 525 crore in Index Futures; Open Int down 15537 contracts
FIIs net buy Rs 2085 crore in Index Options; Open Int up 163594 contracts
FIIs net buy Rs 462 crore in Stock Futures; Open Int up 19570 contracts
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) 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 and/or its business associates and/or its directors and/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 as the market related investments are subject to market risk and volatility. 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 (IFCL) and / or its affiliates and / or its business associates 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 and / or after 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. iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
-At least 8-9 PSUs may see IPO & FPO in FY12
-RINL, MMTC, PFC, NBCC among those on sell-off list
Finance Ministry sources say
-Govt may consider higher public float for PSUs in FY12
-Currently, 10% public float mandatory for PSUs
-Finance Ministry announced mandatory 25% float in June 2010
Finance Ministry sources say:
-Higher divestment will help mop-up resources in FY12
-Disinvestment will continue to be thrust area for govt
-Non-tax revenues will boost fiscal consolidation efforts
-Scope to raise tax rates sharply limited to some extent
-Govt may target 4.8% fiscal deficit in FY12
Patni :
-Open offer expected in April
-Change of control should happen closer to April
-In interim will concentrate on integration
-Too premature to talk of delisting or reverse merger
-Current focus on integration & go to market strategy
iGATE says
-Had very preliminary discussion with GE
-GE revenues expected to come down post it comes out of NBC
-Have indication that GE views transaction positively
-To become 2nd largest supplier to GE post TCS
-GE will account for 13% of revenue for combined entity
-Expect management meet with both teams in 3-4 weeks
-Have spoken to top customers of both companies
-See potential to see earnings grow faster than revenues
-See USD 20-30 million cost synergies in back-office side
-Execution record of Patni to ensure customers stay
-Will be meeting lot of customers over next few days
-Growth suffered as Patni suffered from ‘for sale’ tag
-Patni average price is around 10% higher than iGate
-Patni brothers have signed non-compete
-Apax may end up owning 27-38% of iGate
-iGate tax rate will be mid 20s post Q1CY11 for relative term
PM convenes meeting to review food inflation today
-Govt scraps import duty on white, raw sugar till March 31
-To okay open general license :: sugar shipment after January 30
-Govt to be cautious on farm exports as food inflation high
-Nagarjuna Fertilisers okays oil operations demerger into Nagarjuna Oil Refinery
-Hero Honda post spilt plans to enter the three wheeler business, pitting against Bajaj Auto (ET)
-IVRCL Infrastructure is negotiating with potential bidders to offload its 55% stake in Hindustan Dorr-Oliver (ET)
-Government to demand over Rs 2000 crore for 30% stake in Bharti Hexacom (ET)
-Reliance Power signed a power purchase agreement with NTPC Vidyut Vypar Nigam Ltd for its 100 mw solar thermal power project in Rajasthan (ET)
-Greaves Cotton bags a 10-year contract from Tata Motors to supply small diesel engines for its new half tonne truck Ace Zip (ET)
-Tata Steel set to raise Rs 3500-5000 crore via FPO (BS)
-Bharti Shipyard faces a Rs 90 crore cancellation order from Shipping Corporation of India (Mint)
-Adani Group plans to expand its ports in Kerala, TN, Orissa and Andhra Pradesh, ramping up its capacity to 200 mt from 160 mt (DNA)
-Pennar Industries seeks to buy engineering firms with sheet-metal skills with a topline of Rs 100-200 crore (DNA)
-Allied Digital and Singapore based e-Cop join hands to provide Managed Security Services to enterprises in 20 countries
-Ashoka Buildcon receives letter from NHAI for achieving financial closure of its project with cost of Rs 694 crore
-Goodyear India board meet on January 13th to approve the Service Agreement with the Parent Company, The Goodyear Tire & Rubber Company for reimbursement of expenses to the Parent Co for the services received by the Company.
-M&M Financial to set up a joint venture Company with De Lage Landen Financial Services to provide wholesale inventory financing to US based dealers
-Hexaware board meet today to consider bonus and dividend
-Shekhawati Poly-Yarn Limited - lists tomorrow (12th)
F&O cues:
Total Nifty futures down Rs 1500 crore, Options up Rs 7266 crore.
Stock futures net shed 1.25 crore shares in Open Interest.
Nifty Fut Open Int net add 2 lakh shares in OI; Nifty futures premium down to 4 points versus 10 points.
Nifty Open Int PCR down at 0.97 from 1.03
Nifty Put add 42 lakh shares in OI, Call adds 78 shares in Open Int
Highest Open Int outstanding at 6200 call, 6100 Call, 5800 Put, 5700 Pput
Nifty 5800 Call adds 32.2 lakh shares in Open Int; prem down from 170 to 92
Nifty 5900 Call adds 24 lakh shares in Open Int; prem down from 120 to 54
Nifty 5600 Put add 17.2 lakh shares in Open Int
Nifty 6000 call adds 14.4 lakh shares in Open Int
Nifty 5700 Put adds 14 lakh shares in Open Int
Nifty 5700 Call add 10.6 lakh shares in Open Int
Nifty 5900 Put sheds 16.2 lakh shares in Open Int
Nifty 6000 Put sheds 13.7 lakh shares in Open Int
FIIs in F&O Jan 10
FIIs net sell Rs 525 crore in Index Futures; Open Int down 15537 contracts
FIIs net buy Rs 2085 crore in Index Options; Open Int up 163594 contracts
FIIs net buy Rs 462 crore in Stock Futures; Open Int up 19570 contracts
Disclaimer :
This blog has been prepared by the Research Division of Integrity Financial Consultants Pvt. Ltd.(IFCL),Pune, India and is meant for use by the recipient only as an informative. Nothing on this blog/website is intended or should be construed as investment advice. It is intended to be used for informational purposes only. This document is not to be reported or copied or made available to others without prior permission of (IFCL). It should not be considered or taken as an offer to Buy or Sell or a solicitation to Buy or Sell any security. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. It should not be construed as an investment advice to any party. All opinions and estimates included here constitute our view as of this date and are subject to change without notice. The information contained in this report other than the recommendation(s) 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 and/or its business associates and/or its directors and/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 as the market related investments are subject to market risk and volatility. 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 (IFCL) and / or its affiliates and / or its business associates 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 and / or after 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. iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives do not take any type of responsibility if reader or recommendation(s) follower will face any losses or liabilities because of our recommendations; market risk will be always there while and whenever concerned parties enter the stock market by any means.It is recommended for the recipients to take their decisions according to re-verification of the shared information. No arguments and / or claims and / or objections will be entertained. Similarly, iNTEGRITY and / or its affiliates and / or its business associates and / or its directors and / or its employees and / or its representatives and / or its clients and / or their relatives will not take any assurity about our given recommendation(s) about its success. Sole discretion will be most recommended for readers and/or subscribers and/or followers and/or information receivers and/or investors and/or traders.
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