by admin on January 23, 2012
Everest Kanto Cylinder Ltd.
BSE : 532684
NSE Symbol :EKC
Everest Kanto Cylinder in FY 2008 raised US$35 million through FCCBs, which are due in October 2012. These FCCBs are optionally convertible into equity shares subject to certain conditions. The impact is not determinable. The company says the premium payable on exercise of redemption option, if any, will be accounted by way of debit to the SPA. The company revalues the principal amount outstanding at each reporting date and the resultant gain or loss on foreign exchange variation is recognised in the profit and loss (P&L) account. For the purpose of earning per share, conversion option is considered as anti- dilutive by Everest Kanto Cylinder.Certain contingent events have also taken a toll on the financials of companies in the quarter ended 30 September 2011.
by admin on January 23, 2012
GMR Intrastructure
The Bengaluru- based infrastructure company completed sale of 30% stake in its Singapore-based subsidiary GMR Energy to Malaysian oil and gas major Petronas for about 50 million Singapore dollars (SGD). The stake sale, announced in September 2011, was done after getting approval from the lenders of GMR Energy. Petronas has also paid SGD 19 million equivalent towards the 30% shareholder loan contributed by GMR to date. Besides this, the Malaysian oil and gas major would also be contributing to future equity requirements of the project prorated to its 30% stake. In addition, Petronas International has become a joint sponsor of the project.
by admin on January 23, 2012
TVS Motors
TVS Motor Company Ltd, the flagship company of the TVS Group is the third largest two wheeler manufacturer in India. TVS manufactures a wide range of two-wheelers from mopeds to racing inspired motorcycles and has recently forayed in the three wheeler segment. TVS has manufacturing plants at Hosur in Tamilnadu, Mysore in Karnataka and Solan in Himachal Pradesh. It has a total capacity of 3 mn two wheelers and 90,000 three wheelers. TVS is gradually establishing its presence in the export markets and currently exports to over 50 countries, and even has a manufacturing capacity in Indonesia through its wholly owned subsidiary, PT. TVS Motor Co, Indonesia. TVS has also ventured into other businesses like Auto components, Wind energy and Housing through its subsidiaries.
TVS is expected to clock a volume growth of 18.1% CAGR over FY11-13 and reach 28.5 lakh units from the current levels of 20.4 lakh units leading to an overall revenue growth of 22.2% CAGR to ` 9,229 crore.
TVS Motors’s revenue mix is well diversified across motor cycles (45%), scooters & mopeds (41%) and three wheelers (5%). In the main stay segment – scooters, the company enjoys a 22% market share and is the second largest player after Honda Motors and Scooters Ltd (HMSL).
TVS has become the sole market player in the moped segment
TVS Motors standalone debt equity ratio of 0.80:1 is in sharp contrast to that of its peers which are debt free
Financial Outlook
Aided by higher volumes, and improved portfolio mix we expect revenues to grow at a CAGR of 22.2% to ` 9229.0 crore by FY13 from ` 6179.5 crore posted in FY11
by admin on January 12, 2012
Food inflation, as measured by the Wholesale Price Index (WPI), stood at (-)3.36 per cent in the previous week. It was above 19 per cent in the corresponding week of 2010.
The fall in the rate of price rise of food items since the first week of November is substantial, as it has plummeted from double-digit territory into the negative zone.
Fruits also became 9 per cent more expensive on an annual basis, while cereal prices were up 2.03 per cent.
Primary articles have over 20 per cent weight in the wholesale price index.
Inflation in the non-food segment, which includes fibres and oilseeds, was recorded at 1.29 per cent during the week under review, as against 0.85 per cent in the week ended 24th December, 2011.
Fuel and power inflation stood at 14.45 per cent during the week ended 31st December, as against 14.60 per cent in the previous week.
by admin on January 12, 2012
Buy ABB at Rs 628.8-635.4, Stop loss at Rs 624, Target at Rs 646.8-664.8
Buy SAIL (Steel Authority of India) at Rs 89.2-90.7, Stop loss at Rs 88.4, Target at Rs 93.1-96.9
by admin on January 9, 2012
Buy Tata Steel (Jan Futs) at Rs 365 – 363, Stop Loss at Rs 356, Target Rs 390
Short Nifty futures at Rs 4762-4760, Target at Rs 4732/4714, Stop loss at Rs 4796
by admin on January 9, 2012
Support will be at 15743-15482-15358-15135. Resistance will be at 16128-16775.
If the level of 15135 is violated, then obviously the stance will remain the same and the slide will continue with momentum on the downside. In that case, the slide will continue towards 13500 or below as we have been discussing in earlier issues.
Hold short positions with a stop loss of 16100 and look to cover them at 15743 or below as the opportunity arises. Buy above 16100 with the low of the day as stop loss or 15358 whichever is lower. Subsequently, exit at 16519-16854. Sell on fall below 15100 with the high of the week at the point of breakdown.
by admin on January 5, 2012
Redington India is a Chennai based and a young company whose stock fell to a low of Rs 66.50 in late January, 2011. For many stock market analysts who think this company as a future bluechip one, that fall provided an opportunity of picking it up at a cheap price.
This, coupled with highly improved quarterly working results as announced by the company made the share go back on rising track. The share, therefore, reached a high of Rs 102 sometime n July, 2011. However, by the time the share reached this peak, the markets had already turned extremely bearish and that ultimately pulled this share down to a low of Rs 65.05 on Monday of the previous week. The Rs 65.05 bottom being almost identical to that of Rs 66.50 of January, 2011 attracted many long-term buyers once again for falling for it they thought the share had reached a level from where it could once again rise. They proved to be right as the share then entered a rising trend and in the last week, when the markets were marked down every successive day from Tuesday till Friday, the share of Redington recorded gains every successive day. The share has thus entered a fresh bullish phase and can be expected to go further up in the days to come in a favourable market, and therefore, suggested for buying at every decline.
by admin on January 5, 2012
Buy Tata Motors at Rs 195-198.5, Stop loss at Rs 193.1, Target at Rs 203.9-212.8
Buy ONGC at Rs 262.5-265.1, Stop loss at Rs 261.6, Target at Rs 268.6-274.7
by admin on December 12, 2011
Last week, the Sensex opened at 16812.30, attained a high at 17003.71 and fell to a low of 16142,32 before it closed the week at 16213.46 and thereby showed a net fall of 633 points on a week-to-week basis.
Last week, the Sensex opened at 16812.30, attained a high at 17003.71 and fell to a low of 16142,32 before it closed the week at 16213.46 and thereby showed a net fall of 633 points on a week-to-week basis.
Support will be in the lower range of 15902-15041. Resistance will be at 16453-16764-17010. Further strength may be seen above 17010. If that happens, then expect a rise towards 17278-17910.