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.
- Author: Ganapathy
- Filed under: Mutual Fund
- Date: Jan 18,2007
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).
- Author: Ganapathy
- Filed under: IPO
- Date: Jan 18,2007
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.
- Author: abhisheak
- Filed under: Dividend
- Date: Jan 17,2007
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.
- Author: kalyan
- Filed under: Results
- Date: Jan 17,2007
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.
- Author: Ganapathy
- Filed under: Company News
- Date: Jan 17,2007
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.
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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.
- Author: Ganapathy
- Filed under: Results
- Date: Jan 17,2007
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.
- Author: abhisheak
- Filed under: Record Date
- Date: Jan 17,2007
Bsecode : 531344 -Container Corporation Of India Ltd. fixes RD as 01/02/2007 for 110% Interim Dividend
- Author: kalyan
- Filed under: Results
- Date: Jan 17,2007
3i Infotech,Alembic,Alps Industries,Diamond Cables,Eimco Elecon ,Infotech Enter,Kirloskar Oil,Lupin,NDTV,NIIT Tech,Sterling Tools ,Sutlej Textiles,Tata Metaliks,Wipro
- Author: Ganapathy
- Filed under: Auto
- Date: Jan 16,2007
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.
- Author: Geetha
- Filed under: IPO
- Date: Jan 16,2007
Lumax Auto Tech lists at Rs 88 vs issue price of Rs 75 , and now currently trading at 112 rs , with a 50% premium.
- Author: kalyan
- Filed under: Results, Tips
- Date: Jan 16,2007
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.
- Author: Geetha
- Filed under: Auto, Results
- Date: Jan 16,2007
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.
- Author: Ganapathy
- Filed under: Results
- Date: Jan 16,2007
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.
- Author: kalyan
- Filed under: Results
- Date: Jan 16,2007
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.
- Author: Ganapathy
- Filed under: Mutual Fund
- Date: Jan 16,2007
| 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.
- Author: abhisheak
- Filed under: Dividend
- Date: Jan 15,2007
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.
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- Author: kalyan
- Filed under: Results
- Date: Jan 15,2007
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.
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- Author: Ganapathy
- Filed under: india
- Date: Jan 15,2007
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.
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