Lok Housing and Constructions declares 2007 Q3 results – very impressive

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.

Mutual Fund : Sebi issues norms for Gold Exchange Traded Funds

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).

Cinemax India IPO – OpensToday – Can Apply

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.

ABG Shipyard secures order worth 1000 crores

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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ELSS Funds – Some info on Tax saving ELSS Funds that you can use

 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.

Mutual Fund – ABN AMRO Equity Fund , Canbank MF and Birla Top 100 Fund declares dividend

>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.

TCS tata consutancy services 2007 Q3 results above expectation

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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Sensex, Nifty settle at new high

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.