Budget fails to live up to mkt expectations; banks …
- Filed under: Budget, Entertainment
- Date: Jan 19,2007
Lok Housing and Constructions Ltd, a prominent player in the real estate business, has registered a jump in net sales at Rs 81.78 crore for the third quarter ended December 31, 2006 as compared to Rs.17.71 crore for the corresponding quarter of the previous year.
Profit After Tax (PAT) for the quarter stood at Rs. 24.19 crore, when compared to a net loss of Rs 36, 000 for the corresponding quarter the previous year.
The Earnings Per Share (EPS) for the period stood at Rs 20.69 as against a negative EPS of Rs. 0.003 during the corresponding period of the previous year.
The Securities & Exchange Board of India (Sebi) has issued guidelines for the valuation of gold to be held by the Gold Exchange Traded Funds. The Valuation will be done on the basis of the AM fixing price of London Bullion Markets Association (LBMA) in US dollars per troy ounce for gold having a fineness of 995 parts per 1000. It will be subject to the adjustment for conversion to metric measures as per standard conversion of US dollars into rupees as per the RBI reference rate declared by the Foreign Exchange Dealers Association of India (FEDAI).
Sector : Entertainment and Media
Sector P/E : 39.7
No. of shares fresh issue (in lakh) : 70
No. of shares offer for sale by promoters (in lakh) : 19.20
No. of shares reserved for employees (in lakh) : 0.60
Price band (Rs) : 135 – 155
Post-issue equity (Rs crore) : 28
Post-issue promoter stake (%) : 68.15
Issue open / close 18-Jan-2007 – 24th Jan – 2007
Synopsis : Cinemax today is synonymous with the most efficient & friendly technology infrastructure. Technology that translates into footfalls and business.Over the last 20 years, the Kanakia Group has gradually become an inseparable and an essential part of living of many modern citizens. From providing premium housing to education, quality entertainment to promotion of art and culture, the Kankia Group have made a holistic contribution to elevate modern lifestyles in Mumbai.
In the construction scenario, each Kanakia project is a landmark in its own right, sought after for its striking architecture, well planned interiors and lasting construction standards. Each project is the outcome of deep-rooted professional insights and inputs of some of India’s leading architects & design consultants associated with the projects.Kanakia Group’s subsidiary ‘Cinemax’ has emerged pioneers as cinema exhibitors in India with 33 screens up and running across various locations and 97 screens in the making.
Purpose of the Issue:
The net proceeds of the issue are to be utilized for setting up 19 new theaters at identified key locations with approximately 63 screens and 15,864 seats at an estimated cost of Rs 110.69 crore. The theatres will be in Indore, Guwahati, Nagpur, Nashik, Faridabad, Panipat, Hyderabad, Kolkata, Ahmedabad, Ghaziabad, Siligudi, Ludhiana, Bangalore, Pune and Mumbai.
Plus Points
> The number of screens is to grow from 33 screens at 10 locations to 141 screens at 42 locations by FY 2009.
>Multiplex industry is on a boom now , with IT business flourishing like this the people who spend money on big multiplexes are increasing and that might had value to the company.
>Instead of owning a place they are looking for leasing thus reducing capital expenditure.
Negative Points
>Multiplexes should not be governed by governments ticket rates if yes they are into trouble , like the new law passed by Tamilnadu government .
>Growth of IP-TV , internet tv ,Cable and dth and DVD Sales might affect Multiplexes.
Financial s.
The companies in the same Sector ,
PVR,
INOX Leisure
Adlabs Films are trading at 101.1, 50.8 and 64.7 times their FY 2006 EPS.
Considering that this is just 60 times the EPS.so try and get some stocks and may be sell it in the opening market.
Kirloskar Oil Engines Ltd has Declared an Interim Dividend @ 100 % on the Equity Shares of the Company for the Year 2006-07 i.e. Rs 2 per Equity Share of Rs 2 each, and shall be paid through Electronic Clearing System (ECS) or vide the dividend warrant, as the case may be.
The Company has posted a net profit of Rs 560.30 million for the quarter ended December 31, 2006 as compared to Rs 441.90 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 4365.10 million for the quarter ended December 31, 2005 to Rs 5112.00 million for the quarter ended December 31, 2006.
ABG Shipyard secures major order from M/s Pacific First Shipping Pte, Singapore:ABG Shipyard Ltd has informed BSE that the Company has secured a major order from M/s. Pacific First Shipping Pte, Singapore for 12 vessels for their fleet expansion program. The order is for construction of 9 AHTS vessels and 3 Dry bulk carriers. The total value of the order is Rs 10,305.0 Mio (USD 229.0 Mio). The last delivery will be in December 2009. With this, the Company has started accepting orders for its upcoming Dahej Shipyard where we can make vessels up to 120,000 DWT.
NIIT Technologies has announced its results. The Q3FY07 (QoQ) Cons Net Profit is up 28.62% to Rs 34.6 crore from Rs 26.9 crore. The revenues are up 5.27% to Rs 231.5 crore from Rs 219.9 crore.
The Company has posted a net profit of Rs 7389 million for the quarter ended December 31, 2006 as compared to Rs 5051 million for the quarter ended December 31, 2005. Total Revenues has increased from Rs 25037 million for the quarter ended December 31, 2005 to Rs 36511 million for the quarter ended December 31, 2006.
DBS Chola Mutual Fund announces dividend in DBS Chola Tax Saver Fund of Re.1 per unit over a face value of Rs.10 per unit each. The record date for this is January 22, 2007.
Bsecode : 531344 -Container Corporation Of India Ltd. fixes RD as 01/02/2007 for 110% Interim Dividend
3i Infotech,Alembic,Alps Industries,Diamond Cables,Eimco Elecon ,Infotech Enter,Kirloskar Oil,Lupin,NDTV,NIIT Tech,Sterling Tools ,Sutlej Textiles,Tata Metaliks,Wipro
Mahindra & Mahindra Ltd has announced that the Company will set up a world class plant in Maharashtra to manufacture commercial trucks through its joint venture with US-based truck major International Truck and Engine Corp. This JV will produce medium & heavy commercial vehicles which would be designed and developed with in-house capabilities.
Lumax Auto Tech lists at Rs 88 vs issue price of Rs 75 , and now currently trading at 112 rs , with a 50% premium.
KS Oils Q3 net profit at 20.2 Cr Vs 3.55 Cr, net sales at Rs 305.25 CR 123 Cr , todays rate is quoting at 333 rs.
Bajaj Auto has reported its numbers. Its Q3 Net Profit is at Rs 345 crore vs Rs 278.9 crore. The Q3 Net Sales are at Rs 2,568 crore vs Rs 2,000.9 crore.
Prism Cement has reported its numbers. The Q2 Net Profit is at Rs 50.1 crore vs Rs 3.30 crore. The net sales are at Rs 190 crore vs Rs 127.2 crore., I need to find out if thr is a huge other income for the profit , if its not other income then this is best to buy.
Bajaj Auto ,Batliboi,Can Fin Homes,ETC Networks, Guj Amb Exports, HT Media, Jubilant Org, Patel Eng,Prime Securities,Prism Cement, Sanra Software, State Bnk Tr, Vinyl Chemicals.
| Fund Name | Launch Date |
Rating | Risk Grade | Return Grade | 1 Year Return |
Expense Ratio |
| HDFC Taxsaver | Mar-96 | 5 star | Below Average | High | 33.92 | 2.25 |
| Magnum Taxgain | Mar-93 | 5 star | Average | High | 45.53 | 2.14 |
| Principal Tax Savings | Mar-96 | 4 star | Below Average | Above Average | 45.14 | 2.43 |
| Sundaram BNP Paribas Taxsaver |
Nov-99 | 4 star | Average | Above Average | 33.12 | 2.5 |
| Birla Equity Plan | Feb-99 | 4 star | Below Average | Average | 32.08 | 2.5 |
| HDFC LT Advantage | Dec-00 | 4 star | Low | Above Average | 24.09 | 2.28 |
First of all What is E.L.S.S.?
E.L.S.S. means Equity Linked Saving Scheme.
We can call ELSS as a nature of fund from the main base of diversified equity fund. So investing in an E.L.S.S. will fetch tax deduction under Section 80-C of the Income-Tax Act. Its is same as any of your equity funds expect that its lock in period is 3 years.E.L.S.S. funds come with all the usual trappings of an equity fund, which includes choice between dividend and growth options, and systematic investment plans. So finally we can say ELSS is the name given to mutual fund with a Tax Benefit in it .
Some Tax info on this
> E.L.S.S. fetch a Tax deduction under Section 80-C.
> The limit under this section is Rs. 100,000.(We can invest the entire amt on this)
> The dividends you earn in an E.L.S.S. are tax-free.
> The returns at the maturity are also tax-free.
>ABN Amro Mutual Fund has declared a dividend of 60% on the unit of face value of Rs 10, under the dividend option of the ABN AMRO Equity Fund.Record Date:17 January 2007
>Canbank MF declares dividend on Canfloating Rate Fund and dividend on Canliquid Fund .
>Birla Sun Life Mutual Fund has announced a maiden dividend of 15% (Rs 1.5 per unit on the face value of Rs 10) in its open-ended equity scheme – Birla Top 100 Fund.The record date for the dividend is12 January 2007.
Hcl Technologies has announces 200% dividend on an equity share of face value of Rs 2/- so 4 rs per share .
TCS – Tata consultancy as declared a dividend of rs 3 per equity share .
TCS Q3 Net Profit At Rs 1104.7 Cr; Revenues At Rs 4,860 Cr
-Net Profit At Rs 1104.7 Cr
-Revenues At Rs 4,860 Cr
-Adds 7835 Employees, Net Addition 5562
The Company has posted a net profit after taxes of Rs 9505.20 million for the quarter ended December 31, 2006 where as the same was at Rs 6796.50 million for the quarter ended December 31, 2005. Total Income is Rs 38496.90 million for the quarter ended December 31, 2006 where as the same was at Rs 26768.50 million for the quarter ended December 31, 2005.
Indian Petrochemicals Corporation, IPCL has come out with third quarter earnings. The company registered net profit of Rs 405 crore (Rs 4.05 billion), up 40.1% against Rs 289 crore (Rs 2.89 billion) in the same quarter of the previous year.
The company reported net profit of Rs 286 crore (Rs 2.86 billion) in the second quarter versus Rs 250.2 crore (Rs 2.50 billion) in the previous quarter, increased by 14.4%.Its revenues was up 6.2% Rs 1465 crore (Rs 14.65 billion) from Rs 1379 crore (Rs 13.79 billion) QoQ.
The market kept its upward move today also , advancing on the third consecutive day, with the BSE Sensex and NSE Nifty index finishing at all-time highs it opened in a new all time high of 14,202.12.
Most of the rally came after index heavyweight Reliance industries (RIL), advanced to an all-time high of Rs 1372.30.and the 30-shares BSE Sensex advanced 73.11 points, at 14,129.65. It had opened strong, extending gains from Friday,The benchmark index had also dipped to a low of 14,103.12, earlier.The S&P CNX Nifty rose 25.95 points to 4078.40.
Hon’ble Finance Minister Shri. P Chidambaram inaugurated the NSE-TV18 media center at NSE today.It was i think 2 or 3 weeks back NDTV Profit had thr big screen up on the BSEINDIA building and had inaugurated the NDTV media center at BSEINDIA its today CNBC-TV18 captured NSEINDIA they opened thr media center at NSEINDIA.
Akruti Nirman Ltd which opened for Public today got fully subscribed on the first day of the IPO open.
Issue Period Jan 15, 2007 to Jan 19, 2007
Issue Size 67,00,000 Equity Shares
Price Range Rs.475/- to Rs.540/-
Autoline Industries IPO closed on Friday (12 January 2007). It was subscribed 17.36 times. The issue had a price band of Rs 200 – Rs 225.
Subscription Details
The QIBs bid 16.26 times.
HNIs bid 32.43 times.
The retail investors bid 12.46 times.
Transwarranty Finance, a professionally managed financial services and investment banking company is entering the capital market on January 23, 2007. The price band is between Rs 48 to Rs 55 and the company proposes to list the equity shares on the BSE and NSE.The issue closes on February 2, 2007. IDBI Capital Market Services is the sole book running lead manager to the IPO.
Transwarranty Finance IPO
>Proposes to offer 60,00,000 equity shares of Rs 10
>Price band at Rs 48-55
>BRLM: IDBI Capital Market Services
>59,00,000 shares to public; 1,00,000 for eligible employees
>Issue constitute 42.86% of post Issue paid up capital
ABB Ltd has announced that ABB in India has been awarded a turnkey contract valued at Rupees 186 crores (1860 MINR) by Karnataka Power Transmission Corporation Ltd (KPTCL) to implement an integrated Network Manager SCADA / EMS / DMS (Supervisory Control and Data Acquisition, Energy Management System, Distribution Management System) solution. The scope of the project includes design, engineering, supply, installation, testing & commissioning and is expected to he completed in around 24 months.
Mohit Industries Ltd has informed BSE that the Company propose to diversify into Hotel Industry at a estimated investment of Rs 100.00 crore.The Company have entered into a Memorandum of Understanding with Government of Gujarat at Vibrant Gujarat Global Investors’ Summit, 2007. The Company have entered into agreement for purchase of land for the said project.Memorandum of Understanding is made on this January 13, 2007 at Ahmedabad (Gujarat) during Vibrant Gujarat Global Investors’ Summit 2007.
LT Overseas (QoQ) Q3 net profit at Rs 7.38 Cr Vs Rs 2.6 Cr, net sales at Rs 129.7 Cr Vs Rs 78 Cr
RPG Transmission has announced Q3 results. Its net profit is at Rs 5.87 crore vs Rs 2.40 crore.
Reliance Industrial Infra (YoY) net profit was at Rs 4.9 crore vs Rs 4.5 crore.Net sales has been at Rs 13.16 crore vs Rs 17 crore.
CMC Q3 (QoQ) net profit is at Rs 19.2 crore vs Rs 10.3 crore.Its net sales has been at Rs 286.2 crore vs Rs 221.5 crore.OPM was at 9.6% vs 6.6%
Market opened on a positive not – Both sensex and nifty claiming new high , TCS and HCL Tech are expected to give thr results today so expectation of that and “Economic data gave more reason to cheer, Industrial Output for November at 11-year high of 14.4%” , so will see if the market remains the same .
At 10.20 the market is at
Sensex : 14146.40 up by 89.90
Nifty : 4090.40 up by 37.95
Mutual Fund : Prudential ICICI Mutual Fund
Scheme Name : Pru ICICI FMP series 34 – 16 Mths Plan
Objective of Scheme : The investment objective of the Plan under the Scheme is seeking to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the Plan.
Scheme Type : Close Ended
Scheme Category : Income
New Fund Launch Date : 12-Jan-2007
New Fund Offer Closure Date: 18-Jan-2007
Offer Price (Rs.) : 10
Minimum Subscription Amount
Retail : Rs.5,000/- & Institutional : Rs.2 crores
Supreme Industries Ltd has considered the payment of interim dividend for the financial year 2006-07 @ 25% i.e. Rs 2.50 per share of Rs 10/- each.
Bsecode 532532 Jaiprakash Associates Limited RD 27/01/2007 Equity for 20% Interim Dividend
Bsecode 523411 Krone Communications Ltd BC 10/02/2007 Equity for 30% Dividend
Bsecode 519373 Vimal Oil & Foods Ltd. RD 29/01/2007 Equity for Right Issue of Equity Shares
Trading Members of the Exchange are hereby informed that effective from Tuesday, January 16, 2007 the equity shares of Lumax Auto Technologies Ltd. are listed and admitted to dealings on the Exchange in the list of B1 Group.Bsecode : 532796
Issue price: Rs. 75 Per share (Face Value of Rs. 10/- and Premium of Rs. 65/-)
Date of Allotment of equity shares issued through public issue: January 9, 2007
The Bank has posted a net profit of Rs 184.61 crore for the quarter ended December 31, 2006 as compared to Rs 131.710 crore for the quarter ended December 31, 2005. Total Income has increased from Rs 9201.20 million for the quarter ended December 31, 2005 to Rs 14693.60 million for the quarter ended December 31, 2006.
Bank shares firmed up further, taking the Sensex higher during mid-afternoon trade. Reliance Industries (RIL) also posted more gains, while and IT shares retained strength.At 15.20 PM IST the Sensex was at 14037.10 up by 406.40 and Nifty was at 4057.85 up by 115.60.
Symbol – Series : AKRUTI – EQ
Issue Period : Jan 15, 2007 to Jan 19, 2007
Issue Size : 67,00,000 Equity Shares
Issue Type : 100% Book Building
Face Value : Rs. 10/-
Price Range : Rs.475/- to Rs.540/-
Tick Size Re. : 1/-
Market Lot : 12 shares
Minimum Order Quantity : 12 shares
Maximum Subscription Amount for Retail Investor Rs. 100,000 /-
Book Running Lead Managers :J.P.Morgan India Pvt. Ltd.and Enam Financial Consultants Pvt. Ltd.
Syndicate Members : J.P.Morgan India Pvt. Ltd and Enam Securities Pvt.Ltd.
Symbol – Series : POCHI – EQ
Issue Period : Jan 15, 2007 to Jan 18, 2007
Issue Size {.}
Equity Shares aggregating Rs.3457 lakhs (Excluding promoter contribution of 300 lakhs)
Issue Type : 100% Book Building
Face Value Rs. 10/-
Price Range : Rs.25/- to Rs.30/-
Tick Size Re. : 1/-
Market Lot : 200 shares
Minimum Order Quantity : 200 shares
Maximum Subscription Amount for Retail Investor Rs. 100,000 /-
Book Running Lead Manager : Allbank Finance Ltd.
Co-Book Running Lead Manager : UTI Securities Ltd.
Syndicate Member : Enam Securities Pvt. Ltd.
Symbol – Series : HPF – EQ
Issue Period : Jan 16, 2007 to Jan 23, 2007
Issue Size : 59,84,994 Equity Shares (In addition Green Shoe Option of 6,12,060 Equity Shares)
Issue Type : 100% Book Building
Face Value Rs. : 10/-
Price Range : Rs.525/- to Rs.600/-
Tick Size Re. 1/-
Market Lot 10 shares
Minimum Order Quantity 10 shares
Maximum Subscription Amount for Retail Investor Rs. 100,000 /-
Book Running Lead Manager : JM Morgan Stanley Pvt. Ltd.
Syndicate Members : JM Morgan Stanley Financial Services Pvt. Ltd.
Dutron Polymers Ltd has informed BSE that the Rights Issue of 30,00,000 Equity Shares of the Company has opened on January 11, 2007.
The details of the Rights Issue to the existing Equity Shareholders of the Company is as mentioned below:
“Issue of 30,00,000 Equity Shares of Rs 10/- each for cash at a premium of Rs 10/- (Issue Price Rs 20/-) per Equity Share on rights basis to the existing Equity Shareholders of the Company in the ratio of one Equity Share for every one Equity Share held on Record Date i.e. December 20, 2006 aggregating to Rs 600 lakhs”.
Mefcom Agro Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 12, 2007, has approved issue of Bonus Share. The ratio for the same would be decided later.
Jaiprakash Associates Board declares interim dividend of 2.00 rs per shares for which the record date will be January 27th 2007.
Jaiprakash Associates Board declares interim dividend of 2.00 rs per shares for which the record date will be announced later.
The Company has posted a net profit of Rs 1020 million for the quarter ended December 31, 2006 as compared to Rs 560 million for the quarter ended December 31, 2005. Total Income has increased from Rs 8200 million for the quarter ended December 31, 2005 to Rs 9310 million for the quarter ended December 31, 2006.