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But i have to say it survived the tsunami , SMS Pharmaceuticals, which opened 5% lower to its issue price of Rs 380 and touched an intra day low of Rs 250 in the morning trade. It traded the whole day below its issue price and ended the day at Rs 359.25, down 5.46% against its offer price, with volumes of 29,19,671 shares.
Tata Steel Ltd has informed BSE that the Dhamra Port Company Ltd (DPCL), 50:50 joint venture Company of Larsen & Toubro Ltd (L&T) and the Company, has achieved financial closure for development of an all-weather deep port at a location north of the mouth of river Dhamra in Orissa. The Company has signed the loan agreement at Chennai on February 27, 2007 with a consortium of lenders led by the Industrial Development Bank of India (IDBI) who have agreed to part finance the project cost of Rs 24.6 bn. The Company is working with BNP Paribas for ECA funding.
505885 Alfa Laval (India) Ltd. RD 16/03/2007 For 150% Interim Dividend
526612 Blue Dart Express Ltd. BC 10/04/2007 TO 17/04/2007 10% Dividend
500271 Max India Ltd. RD 19/03/2007 For Stock Split From Rs. 10/- to Rs 2/-
500443 Wartsila India Ltd. BC 09/04/2007TO For 20% Dividend
Mutual Fund Dividend
SBI Magnum Tax Gain Declares 11 rs dividend per unit.RD for the same as been set as 02/03/2007
Trading members are hereby informed that due to heavy solar activity, the VSAT services are likely to be disrupted from March 5, 2007 to March 19, 2007 (both days inclusive).It has, therefore, been decided to re-schedule the trading session timings from March 5, 2007 to March 19, 2007 (both days inclusive) as follows :
Log -in 9 : 00 a.m. to 9 : 55 a.m.
Continuous 9 : 55 a.m. to 4 : 15 p.m.
Closing 4 : 15 p.m. to 4 : 25 p.m.
Post Closing 4 : 25 p.m. to 4 : 45 p.m.
>The Sensex was down 540.74 points or 4.01% at 12938.09, and the Nifty down 148.60 points or 3.82% at 3745.3. About 564 shares have advanced, 1864 shares declined, and 30 shares are unchanged.
The BSE Auto Index was down 3.69% or 195.69 at 5109.38. Escorts, Tata Motors, Ashok Leyland, Maruti Udyog, M&M, TVS Motor and Bajaj Auto witnessed selling pressure.
The BSE Bankex tumbled 4.28% or 286.81 points at 6408.01. PNB, UTI Bank, Oriental Bank, ICICI Bank, HDFC Bank and IOB closed down.
The BSE Capital Goods plunged 3.40% or 310.90 points at 8834.84. Gammon India, Bharat Elec, Praj Industries, L&T, Carborundum and SKF India ended in red.
The BSE Health Care index was slipped 3.16% or 114.14 points at 3498.93. Orchid Chemical, Glenmark, Divis Labs, Aurobindo Pharma, Nicholas Pirama and Ranbaxy Labs ended down.
The IT index succumbed 5.85% or 302.41 points at 4869.99. HCL Tech, Moser Baer, Satyam, Wipro, Mphasis and Hexaware Tech plunged.
The BSE Metal index was down 4.64% or 414.43 at 8513.55. Sesa Goa, NALCO, Tata Steel, Sterlite Ind, SAIL and Guj NRE Coke meltdown.
The BSE Oil & gas ended down 2.87% or 186.03 or 6297.64. ONGC, Reliance, Reliance Natura and Petronet LNG closed negative
>Cement Prices to be stabilized is a costive news for Construction company.
Unitech,GMR Infraand more
Venture Cap Funds benefits for BIO,IT Nanao Tech and Pharma company.
Lupin,Divis Labs,Dishman pharma
>IT project for Food corporation will benefit company that they are doing business with like
TCS and CMC.
>Clinical Trials exempted from Service Tax
Panacea Biotech,Venus Remedies,and Zenotech Labs
>Single Tax for Telecom Company will benefit Companies like Airtel,Reliance Comm
>Duty cut on Watch Dials will benefit Titan and Timex
>Excise Duty cut on Plywood Frm 16% to 8%
Supreme Ind,Century Ply and also Jain irrigation which also had entered into plywood market by acquiring a Us based company.
ATF exemtion on smaller aircrafts to benefit company like Jet airways ,Deccan and spice jet.
Excise Duty on footwear reduced is good for Bata , mirza ,crew bos , liberty and more.
Reduction in Excise Duty on biscuits /Pacakged Foods to benefit Food packaging company.like Lakshmi Overseas,REI Agro and KRBL.
Excise duty exemption for water purifieng device will benefit Praj and Ion
Reduction in duties for diamond market would benefit Gitanjali Gem , Rajesh Exports and more.
Finance Minister P Chidambaram presented the Union Budget for 2007-08 in Parliament on Wednesday.
Allocation for ICDS programme to be increased from Rs 4087 crore to Rs 4761 crore.
30 more districts under NREGA. Additional allocation of Rs.12,000 crore for it.
Sensex was down more than 600 points; Nifty slips more than 160 points,There would have been a good buying opportunity.
Update at 10.12 :
The Sensex is down more than 400 points, while the Nifty has slipped more than 120 points. CNX Bank Nifty, Midcap Index, IT Index are down around 4% each.
All the major indices have opened lower today. Amongs the major losers on the Nifty include SAIL, ICICI Bank, NALCO and VSNL which are down more than 5%.
Kotak Blended Fund of Funds files for DRHP with SEBI for Mutual Fund offering.Here is some details about what the Fund really mean.
MAGNUM Ventures LIMITED was incorporated in the year 1980 and taken over in 1984 under the leadership of Mr. Salek Chand Jain along with his sons Mr. Vinod Jain, Mr. Parmod Jain, Mr. Pradeep Jain, Mr. Praveen Jain being promoters and Directors of the company. It is ideally located at Sahibabad the (NCR region hardly 15 KM from the heart of Delhi i.e. Connaught place, New Delhi).The Mill has now transformed into one of the largest paper manufacturing mill of Northern India having installed capacity of 85000 TPA. This includes equal quantity of Cream wove Paper, Maplitho, Copier, and Coated Duplex Board.
For Magnum Ventures IPO allotment status please come back here.
BEML – As far the current indications show, We would make 400 coaches in FY08, and 425 coaches in FY09. we are looking at the benefit from additional demand for wagons as well as rail coach demand will go up.Said BEML chief.
Beml – Track here .
Stone India: Replacement of old wagons means business for them .
Replacement of old wagons would help business. They can add another Rs 20-25 cr due to the new wagons.
Stone India Trach here.
Kalindee Rail Nirman :
The Railway Minister has announced investment of Rs 30,000 crore for freight corridor project. One of the companies likely to benefit from this is Kalindee Rail Nirman.
Kalindee Rail Nirman track here.
Hind Rectifiers: New Locomotive order profitable for the company
Hind Rectifiers management says that the rail budget is very promising for their industry. The locos capacity will increase.50% of thr capacity going to Railways.
Hind Rectifier track here.
Economic Survey on Capital Markets:
* Expects “scale-up” in FII investment
*India to remain preferred portfolio destination
* Mop-up through public issues, pvt placement to gather pace
* Global economy to post impressive growth this year
* Measures needed to revive corporate debt market
* Commodity exchanges to remain vibrant
Economic Survey on Govt Finances:
* Exemptions to cost Rs 100,147 Cr in 2006-07
* Collections to over-shoot target
* No hint of stance on income tax rates
* Service tax is a promising source
* Customs duty collection rate 11% down from 14%
* Further tax reform needed
* VAT collections healthy
* No talk of GST
* Expenditure control not happening
Economic Survey on Inflation:
*Expects pressure on prices during this year
* Says short supply of staples, high global prices the reason
* Demand fed by high growth, foreign inflows, money supply, credit
* Impact of duty cuts, dear-money policies to be felt shortly
* But inflation will remain unless supply of staples improves
Economic Survey on Macros:
*Economy “decidedly taken off” to higher growth
*Challenge is to tame inflation without hurting growth And ensure that everybody is invited
*Inflation need not be the price for high growth
*Infrastructure is improving; attracting global money
*Merchandise imports do not suggest over-heating
*There should be no let-up in fiscal-deficit control
*Fiscal deficit should not be expanded to finance infrastructure
*Inclusive growth is not low growth
*Unemployment is increasing because growth is not high enough
*Global issues are a concern, but do not pose a risk
Moser Baer India Ltd on February 27, 2007 has announced a strategic tie up with Pyramid Saimira Theatre, one of India’s largest Theatre Chains, for retailing Home video in all their theatres and also exclusively marketing all their new films under Home Video format.
Trading Members of the Exchange are hereby informed that effective from February 28, 2007, the equity shares of SMS Pharmaceuticals Ltd (Scrip Code : 532815) are listed and admitted to dealings on the Exchange in the list of ‘B1′ Group Securities.
Sanghvi Movers Ltd has informed BSE that the Company has received Work Orders aggregating to Rs 50 Crores for hiring of 10 Nos. New Cranes and 10 Support Cranes from Reliance Industries Ltd, Suzlon and Enercon. The contract period is ranging from 12 months to 26 months.
Reliance Industries Ltd (RIL) has announced that the Company has initiated the necessary steps to implement its proposal of the Preferential Offer of Warrants to its Promoter / Promoter group pursuant to the Board Meeting held on February 24, 2007.
After a weak listing yesterday, C&C Constructions has bounced back smartly eroding some losses. It is trading at Rs 265.80 down Rs 22.55 or 9.75% with volumes of 430030 shares.
Goldman Sachs the New York based and one of the world largest investment banking firms in the world plans to enter the India Mutual Fund industry. Goldman Sachs joins JP Morgan, and AIG who have already got the approval of the capital market regulator’s approval for starting their operations in India. As of 2006, the assets under management for Goldman Sachs were worth $676 billion
532739 Plethico Pharmaceuticals Ltd. BC 27/03/2007 TO 30/03/2007 for 25% Dividend
500472 SKF India Ltd. BC 10/04/2007 TO 26/04/2007 for 45% Dividend
531781 Suryadeep Salt Refinery & Chemicals RD 22/03/2007 for Consolidation of Shares From Rs.1/- to Rs.10/-
500945 Videocon Appliances Ltd BC 17/03/2007 TO 30/03/2007 for 5% Dividend
517228 Videocon Communications Ltd BC 17/03/2007 TO 30/03/2007 for 5% Dividend
506720 Zandu Pharmaceuticals Works Ltd RD 02/03/2007 for Interim Dividend (Cancelled)
500443 Wartsila India Ltd. declares 20 % Dividend
Bharat Heavy Electricals Limited (BHEL) has bagged an Rs 144 crore order from Power Grid Corporation of India Limited (PowerGrid) for a new 400 KV substation and expansion work in Maharashtra.
The World Bank-funded turnkey contract is for setting up a new 400 KV substation at Wardha and extensions of 400 KV substations at Seoni, Akola, Aurangabad, associated with the Sipat Super Thermal Power Project State-II supplementary transmission system.The project would be commissioned by BHEL in a schedule of 19 months, BHEL said in a statement.
House of Pearl Fashions Ltd has informed BSE that the Company has bagged orders for 7.5 M USD, Rs 30 Crores approx., from US Buyers, including JC Penney / H & M/ GAAP / KOHLS.This is a substantial growth over the last financial year, as these orders are equal to the entire year of sales for this division.
With these new orders, the newly acquired manufacturing facility at Khandsa, is completely booked for the first quarter of fiscal 2008.Further the Company has informed that, Companies Knits division at Khandsa, Gurgaon, has bagged orders from US Buyers for 7.5 Mil USD.
Indian Bank IPO Listing Date is on : Thursday, March 01,2007
BSE Script Code: 532814
NSE Symbol: INDIANB
Listing in: B1 Group
ISIN: INE562A01011
Issue Price: Rs. 91/- Per share (Face Value of Rs. 10/-)
Its would be a safe bet no body will go Listing on Wednesday , as thats the budget Day , if the Budget is good then , the next day will be good for Indian Bank .
Reliance Industries Limited (RIL) has announced its plans to build one of the largest integrated cracker and petrochemicals complex in the SEZ at Jamnagar.This cracker will use refinery off gases and other by-products as feedstock to manufacture ethylene, propylene and its downstream commodity and specialty derivatives.
The proposed facility of 2 million metric tonnes per annum (mmtpa) will be built at a cost of $3 billion and is expected to go on stream by 2010 -11.This integration with the refinery will place the proposed cracker complex at par with the most efficient producers of olefin and derivatives in the world including those in the Middle East.
It was also decided to raise $2 billion in debt through External Commercial Borrowings (ECB’s) for funding oil and gas business.
Railway Budget 2007-2008 which is to be presented in the parliament on February 26th , which is been happening for a long time on the same date, but this time it will be different , im not talking abt the Dates but Im talking abt the Railway Minister Lalu Prasad Yadav who has turned the loss making Indian Railways into a profit making entity. In fact the success story of the Railways has become a case study for the management students and Lalu Prasad Yadav has donned the hat of Professor sharing the secrets of his success with management students of Harvard and IIMs.
What can one expect from the Budget ?
* To take on competition from low-cost airlines and attract airline passengers Railway Budget of India 2007 – 2008 is expected to announce the start of wi-fi enabled Rajdhanis & Shatabdis. Internet services mayl be provided free of cost to high-end passengers.
* Railway stations are expected to be developed as world class railway hubs and are likely to be made internet savvy.
* Indian Railway Budget 2007 – 2008 is likely to announce the introduction of more air-conditioned Garib Raths for the poor.
* Railway Budget 2007 – 2008 may propose introduction of Double Decker trains to increase the carrying capacity of coaches.
* Second class train fare is likely to remain unchanged while fares are likely to be increased for the high-end category.
* Railway Budget 2007 – 2008 is likely to introduce Own Your Coach scheme, meant specifically for private players, tour operators and hotel chains. The scheme would aim to attract more passengers, especially foreigners on historic and cultural routes.
* Rail Budget 2007 – 2008 is expected to start and promote India’s tourist trains, particularly the Mahaparinirvana Buddhist Circuit train.
* Railway Minister Lalu Prasad Yadav may also propose an ambitious metro rail service for Patna in the railway budget
Raj TV IPO finally oversubscribed by 3 times on the closing day yesterday , previously they had it closing prev week which was extended as it was not fully subscribed , But finally yesterday on the closing day it has subscribed by 3 times and the retail portion is subscribed by 7 times.
For RAJ TV IPO Allotment status please come back here.
C & C Constructions, an infrastructure company, will list on February 26, 2007, with 1,82,59,976 shares on the bourses. The offer price was fixed at Rs 291 per share. Its BSE ID is 532813 and NSE ID is CANDC.
Transwarranty Finance Ltd. : 1,40,00,000 Equity shares of Rs. 10/- each fully paid-up. Distinctive numbers:, BseCode : 532812.
506820 AstraZeneca Pharma India Ltd. fixed BC 23/04/2007 TO 30/04/2007 for 600% Dividend
523618 Dredging Corporation of India Ltd. fixed RD 01/03/2007 for 60% Interim Dividend
523477 Gujarat Gas Co. Ltd. fixed BC 16/03/2007 TO 20/03/2007 for 125% Dividend
511066 Sakthi Finance Ltd. fixed RD 05/03/2007 for 5% Dividend
506390 Clariant Chemicals (India) Limited Declares 180 % Dividend
532300 Wockhardt Ltd Declares 100 % Dividend
Indowind Wind farms are an integrated combo of windmills of various brands of different capacities, developed as projects through meticulous planning & execution. The Windfarms are operated and maintained by skilled persons with over a decade of experience and technical expertise.Indowind Wind farms are innovatively developed with all necessary infrastructure required for operating Wind Electric Generators, including land, civil work, roads, electrical work, overhead transmission lines etc.
Indowind Wind farms provides investors and stake holders with fully established infrastructure, trained and experienced staff for O & M and financial packages with accelerated depreciation benefits and steady revenue stream.Clients for “Green Power
Spice Communications, a cellular operator in Punjab and Karnataka, has filed a draft red herring prospectus, DRHP for its proposed initial public offering, IPO of 13.79 crore equity shares.The company is proposing the maiden float through a hundred per cent book building route.
The company’s promoters – Modi Wellvest (MWPL) and Telekom Malaysia Berhad (TM) – intend to dilute 20 per cent of their holding through the IPO. At present, MWPL holds 51 per cent stake in the company, Spice Communications.TM holds the remaining 49 per cent stake in the GSM operator through TMI India, which is a wholly owned subsidiary of international investment holding company TM International Sdn Bhd (TMI).
Increases prime lending and Deposit Rates
ICICI Bank on Friday increased its lending and deposit rates by 0.5 percentage point with immediate effect. The hike relates to only retail lending and will be applicable only for new loans, V. Vaidyanathan, ICICI Bank’s Executive Director, told PTI here.
BMW India and ICICI Bank inks tailor made finance solution
Luxury carmaker BMW India and ICICI Bank on Friday entered into an agreement for offering financing solutions that will benefit the prospective buyers. BMW customers will now be able to avail themselves a range of tailor-made financing solutions from BMW Financial Services offered and provided by ICICI Bank at competitive interest rates.
Flawless Diamond India Ltd has informed BSE that the Company has finalized to open one more outlet at L.T. Marg. Borivali (W).
The BSE Sensex, which had slipped below the psychological 14,000 level in the opening session, fell like nine pins as selling continued unabated throughout the session.
The 30-shares BSE Sensex plunged 388.78 points (2.77%), to settle at 13,659.53. It had opened firm, at 14,071.27, but began declining immediately after. The benchmark index kept on touching one low after another, 13,568.08 being the last one.
Indian Bank IPO allotment status is out , but one of the vast registar i have ever seen is Cameo , they did the same for redington and now for Indian bank IPO , any way try your luck at .
http://www.cameoindia.com/ipo.htm
Power finance corporation is listing today expected to list around 115 rs , FII investment in Power finance IPO is huge , so its expected to list at good premium , Retail subscription was at 10Times of the total subscription.
Update : PFC lists at 115 in NSE against issue price of 85 , now trading at 106 to 110 range.
IPO Closing
Jagjanani Textiles Ltd IPO – Close
AMD Metplast Limited IPO – Close
Raj Television Network IPO – Close – they extended the date to see if it will get oversubscribed
IPO Opening
Page Industries Ltd IPO – Open
IPO Listing
Power Finance Corporation Limited IPO – Listing
Transwarranty Finance Listing On: February 26, 2007
BSE Script Code:
NSE Symbol: TFL
Listing in:
ISIN: INE804H01012
Issue Price: Rs. 52/- Per share (Face Value of Rs. 10/-)
Financial services firm JM Financial Ltd extended gains after it said it would sell its 49 per cent holding in JM Morgan Stanley Securities Pvt. Ltd. for $445 million to Morgan Stanley. The shares of the company were up 12 per cent to Rs 1,085.
The board of India Cements Ltd will consider the merger of associate company Visaka Cement Industry Ltd with itself on February 28, India Cements said in a statement to the stock exchange on Thursday.
A sudden sell-off gripped the market in late trading on expiry of February 2007 derivative contracts. Much of the fall materialized in the last 50 minutes of trade. Cement, auto, banking shares and pharma pivotal weakened in late trading.
The Sensex’s provisional closing was 14,001.32, a fall of 187.17 points. It came off the lower level after having dropped as many as 210.44 points, to a low of 13,978.05, at 15:15 IST. But for a relatively firm trend in index heavyweight Reliance Industries (RIL), the fall in the BSE Sensex might have been much steeper.
Jindal Saw Ltd has announced that the Company has bagged its single largest order aggregating to app. USD 355 Million (app. Rs 1560 Crores) from a large Corporation in USA. The order involves supply of 42″ Sub Merged Arc Welded pipes (L Saw Pipes). The order is for app. 360 miles including double jointing and coating. The order which is scheduled to be executed by March 2008 has been received from an existing large client of the Company demonstrating the Company’s ability to supply pipes in a high quality market. The order has been bagged through a competitive bidding process and will be executed out of US operations.With this order, the Company’s present order book exceeds USD 1.50 billion (app. Rs 6600 Crores). These orders are scheduled to be completed by March / April 2008.
531381 Arihant Foundations & Housing Ltd. BC 16/03/2007 TO 23/03/2007 for 20% Final Dividend
505185 Bosch Chassis Systems India Limited BC starts on 20/04/2007 for 55% Dividend
FirstSource IPO lists at 84.50 , but its going down after listing thought of buying it and booking profit when it raises .
Listing On: Friday, February 23, 2007
BSE Script Code: 532810
NSE Symbol: PFC
Listing in: A Group
ISIN: INE134E01011
Issue Price: Rs. 85 Per share (Face Value of Rs. 10/-)
Kavveri Telecom Products Ltd has informed BSE that M/s. Hutchison Essar Ltd has awarded ‘Rate Contract’ to the Company for the supply of its products for Base Stations for all its circles throughout India for the year 2007.The Company estimates to get orders worth around Rs 40 Crores for the year under the said Contract.
