Punj Lloyd Ltd (PLL) has announced that the Company has secured the prestigious Uran Trombay Gas Pipeline (UTG) project on an EPC basis from Oil & Natural Gas Corporation Ltd (ONGC). The contract has been bagged in consortium with its wholly owned subsidiary PT, Punj Lloyd Indonesia. The total value of the contract is Rs 242 crore.
- Author: Ganapathy
- Filed under: india
- Date: Mar 22,2007
Indian market will raise today also as Asian stocks is seen going up today, rising for a fourth straight day on the back of Wall Street gains as wall street gained on the result of Fed’s no rate change, with Japan’s Nikkei Average climbing more than 300 points in holiday-resumed trading as Sony Corp. and other export-related shares gained after the yen weakened against the dollar.
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.”Recent indicators have been mixed and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.
“Recent readings on core inflation have been somewhat elevated. Although inflation pressures seem likely to moderate over time, the high level of resource utilization has the potential to sustain those pressures.
- Author: Ganapathy
- Filed under: Real Estate
- Date: Mar 21,2007
Parsvnath Developers Ltd has announced that Mr. Pradeep Jain, Chairman of the Company conducted the earth breaking ceremony and announced the launch of Parsvnath Sterling, a residential group housing project on main GT Road, Ghaziabad, Uttar Pradesh which sprawls over approximately 3.5 acres.
Idea Cellular Ltd and IBM India Pvt Ltd have inked a 10 year business transformation pact to integrate, innovate and transform the Company’s business processes and IT infrastructure. The agreement is designed on an innovative risk — reward revenue sharing model. It covers all of the Company’s existing operations and potential new additions.The total order is worth around 600 to 700 million US dollars for IBM.
Rajesh Exports Ltd has has approved a comprehensive agreement with the Muthoot Pappachan Group for retailing of its products across the length and breadth of South-India.
As we saw in the Previous Post about Bank of japan’s decision on the overnight call rate , FED will make thr decision today when the Fed’s policymakers wrap up a two-day meeting on March 21, think they would leave the federal funds rate, a key short-term rate that influences rates on consumer and corporate loans, at 5.25 percent untouched for the sixth consecutive meeting.but not sure if this will remain the same for the remaining year , we will see it after todays wrap up meeting.
At the conclusion of the two-day meeting Tuesday, the central bank’s policy board said it would “encourage the uncollateralized overnight call rate to remain at around 0.50%,” according to a statement published on the BOJ’s Web-site.The statement also said the BOJ will leave its monthly purchases of government bonds at 1.2 trillion yen ($10.23 billion).
Source :CBS
531162 Emami Ltd RD 23/03/2007 150% Dividend (100% Interim dividend + 50% Special Dividend)
532254 Polaris Software Lab Ltd RD 5/4/2007 Second Interim Dividend
532823 Euro Ceremics Ltd RD 29/03/2007 12% Interim Dividend
- Author: Ganapathy
- Filed under: Company News
- Date: Mar 20,2007
Jubilant Organosys Ltd , India’s largest Custom Research and Manufacturing Services (CRAMS) Company, has recently added annual contracts worth US $60 million to its Order book.
These contracts, which form part of the Company’s order book for the calendar year 2007, have been finalized with some of the leading global life sciences Companies. A substantial portion of these contracts – $US 54 million is attributable to the regulated markets of USA and Europe, which have been the focus area of growth for the Company. In addition to these annual contracts, the Company as part of its normal business also executes half yearly, quarterly and monthly contracts and spot sales.
Fedders Lloyd Corporation Ltd has informed its entry in Retail Segment under the brand name ‘Lloyd’. The Company would also be introducing new range of consumer electronics and home appliances under the brand ‘Lloyd’.For the said purpose, the Company intents to invest Rs 50-60 crores towards the expansion of its existing capacity of air-conditioners and other consumer electronics.
- Author: Ganapathy
- Filed under: Auto
- Date: Mar 20,2007

It is expected to be launched in Indian market in three months.The new Maruti SX4 sedan is expected to be built at Maruti’s new manufacturing facility at Manesar.It will be offered in the A3 segment, which currently accounts for 15 % of the Indian passenger car market. Exepcted preice range is 6 lacs to 7 lacs .
Suzuki, a world leader in the compact cars achieved an image makeover with the launch of Swift.Apart from India, Swift received the Car of the year award across the world. The unveiling of the SX4 sedan at Geneva is Suzuki’s effort to make its presence felt in the premium sedan
segment in front of a global audience.
- Author: Ganapathy
- Filed under: Company News
- Date: Mar 20,2007
MRO TEK Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 30, 2007, inter alia, to consider, buy – back of Company’s equity shares, at prevailing market rates, through stock exchange mechanism.
- Author: Ganapathy
- Filed under: Real Estate
- Date: Mar 20,2007
IVRCL Infrastructures & Projects stocks was in limelight today after they announced that the Company is successful in getting allotment of 133,750 square meters i.e., about 33 acres of land in Sector 118 of NEW OKHLA INDUSTRIAL DEVELOPMENT AUTHORITY (NOIDA) for Group Housing from NOIDA at a cost of Rs 2280 Million.
MSK Projects India Ltd has informed BSE that the Bid for Four Laning, Strengthening, Widening, Maintaining and Operating of Bhopal-Dewas Road on BOT Basis is awarded to consortium Companies comprising the Company, M/s. Chetak Enterprises Pvt Ltd and M/s. BSBK Pvt Ltd by Madhya Pradesh Road Development Corporation Ltd., Bhopal vide their letter of award dated March 16, 2007. The Project Cost is Rs 590.00 Crores with subsidy component of Rs 81.00 Crores.
- Author: Ganapathy
- Filed under: World Market
- Date: Mar 20,2007
Market will open on a positive mode responding to global trend , US market closed all on green yesterday and Asian market is opening firm , so Indian Market might extend some yesterdays gain today also .
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 20,2007
Issue Period March 20, 2007 to March 23, 2007
Issue Size 25,81,100 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.275/- to Rs.330/-
Tick Size Re. 1/-
Market Lot 20 shares
Minimum Order Quantity 20 shares
Maximum Subscription Amount for Retail Investor Rs.100000
IBook Running Lead Managers SBI Capital Markets Limited & Kotak Mahindra Capital Company Limited
Syndicate Members: Kotak Securities Limited & SBICAP Securities Limited
Categories: FI, MF, IC, FII, VC, FVCI, MLA, BDFI, IND, HUF, NRI, CO & OTH.
Source: NseIndia
Profile :
ICRA Limited (an Associate of Moody’s Investors Service) was incorporated in 1991 as an independent and professional company. ICRA is a leading provider of investment information and credit rating services in India. ICRA’s major shareholders include Moody’s Investors Service and leading Indian financial institutions and banks. With the growth and globalisation of the Indian capital markets leading to an exponential surge in demand for professional credit risk analysis, ICRA has been proactive in widening its service offerings, executing assignments including credit ratings, equity gradings, specialized performance gradings and mandated studies spanning diverse industrial sectors. In addition to being a leading credit rating agency with expertise in virtually every sector of the Indian economy, ICRA has broad-based its services for the corporate and financial sectors, both in India and overseas, and currently offers its services under the following banners:
>Rating Services
>Information, Grading and research Services
>Advisory Services
>Economic Research
>Outsourcing
Positive :
* ICRA is the No. 2 credit rating agency in the country with 399 outstanding public issues under its belt. It enjoys a strong market position, brand recognition and creditability.
* Moody�s Group, one of the global credit rating majors, holds a 29% equity stake. This will help ICRA to leverage the US company�s expertise in newer products. Also, ICRA provides certain outsourcing services to Moody�s Investors Service.
Negative :
* Higher Expense , Sales is very low.
* 50 crore ESOS loan to be repaid by them .
Finance :
Annualized EPS for the nine months ended December 2006 on the post-issue equity works to Rs 15.9. On the price band of Rs 275-Rs 330, PE is 17.3-20.8. The only listed comparable player is Crisil, currently traded around Rs 2100, giving PE of 23 times FY 2006 consolidated EPS. Crisil deserves higher PE as it is: over four times larger than ICRA, growing at a faster rate than ICRA, perceived to be more aggressive, and has made much more headway in non-rating and international business. Besides, S&P controls a 56.5% stake in Crisil compared with 29% by Moody�s in ICRA.
ICRA IPO Allotment status – come back here for the same.
- Author: Ganapathy
- Filed under: Auto
- Date: Mar 19,2007
Maruti Udyog Ltd on March 19, 2007 has announced revision in the prices of the Swift Diesel Model,which would come into effect from today and are applicable across the country.The Swift Diesel was launched in January 2007, at an attractive Introductory Price and has been received exceedingly well by the market. During the launch the Company had said that the price was introductory and would be reviewed.
- Author: Ganapathy
- Filed under: BseIndia
- Date: Mar 19,2007
Today was the last session with a changed schedule. From Tuesday (20 March 2007), the market will close as usual (15:30 IST). until today we had a different timing and there was break in the middle , i really saw that annoying , i always go to my account to buy or sell something during that break and then will get a message saying sorry not possible at this time , so nor more messages from tomorrow.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 19,2007
Abhishek Mills settled at Rs 91.15, a discount over the IPO price of Rs 100.
AMD Metplast settled at Rs 78.30 on BSE, a premium over the IPO price of Rs 75.
Jagjanani Textiles settled at Rs 23.15, a discount of 7.4% over IPO price of Rs 25.
Lawreshwar Polymers settled at Rs 14, a discount of 12.5% over the IPO price of Rs 16.
- Author: Ganapathy
- Filed under: india
- Date: Mar 19,2007
Boost from the global market sentiment and short covering in the Derivatives segment helped the sensex to climb at all the possible session today, all sectors looked green today but buying was in IT,Capital Goods , OIl and Banking sector, Not to mention FMCG was odd men out which was in red . The 30-share BSE Sensex settled 214.59 points (1.73%) higher, at 12,644.99. just missed .01 for the 12650 point.It had opened firm in the morning, at 12,484.64, and surged to 12,655 before closing.
Tea stocks are hitting the bourses as order for all the tea stocks are coming from investors.There is news one may call it a rumor but a valid rumor i have to say that tea companies might get a rehab package from the Govt in next few months like how all sugar company got.And another news for the team company to party is that due to low production the tea prices are shot up and it might go up more . Also there were reports recently saying tea prices would shoot up by Rs 10 to Rs 20 per kg in Maharashtra, come April 1, after the increase in VAT from 4% to 12.5%.
Stock Rates for Tea Company gathered from Money Control.
Reliance Communications Ltd has announced that The Hon’ble High Court of Judicature at Bombay approved the Scheme of Arrangement between the Company and Reliance Telecom Ltd (RTL) and Reliance Telecom Infrastructure Ltd (RTIL) by way of demerger of the Passive Infrastructure inter alia consisting of the wireless towers (CDMA and GSM) and related infrastructure of the Company and RTL to RTIL. RTIL is a subsidiary of the Company.
Read the rest of this entry »
- Author: Ganapathy
- Filed under: Real Estate
- Date: Mar 19,2007
Parsvnath Developers Ltd on March 18, 2007 has announced the launch of Parsvnath City, a high-end residential township in Dharuhera, Haryana. The bookings for the residential plots in this township are now open.
Read the rest of this entry »
GMR Infrastructure Ltd has informed BSE that Malaysia Airports, a partner in Delhi International Airport (P) Ltd (DIAL) and GMR Hyderabad International Airport Ltd (GHAIL) has won the World’s Best Airport Award in the 15-25 million passengers per annum category by the Airport Council International’s Airport Service Quality (ASQ) Awards 2006. It was given this award for Malaysia’s flagship airport, the Kuala Lumpur International Airport (KLIA). DIAL is the joint venture company led by GMR Group formed to modernize and restructure the Indira Gandhi International Airport, Delhi and GHAIL is a GMR led joint venture developing the new Hyderabad International Airport.
Diamond Cables Ltd has informed BSE that the receipt of an order for 1400 kms of Transmission Conductors aggregating Rs 44 crores, out of which 690 kms is from Larsen and Toubro Ltd & 710 kms for Export to Africa.
- Author: Ganapathy
- Filed under: Company News
- Date: Mar 19,2007
Stone India Ltd has announced that the Company has received an initial order for supply of 100 sets of Wagon Air Brake System to a renowned Chinese Wagon Builder. The order is valued at Rs 8.5 million. The Company has been able to procure this order competing against reputed European manufacturer of the product.
- Author: Ganapathy
- Filed under: Mutual Fund
- Date: Mar 19,2007
Gold Benchmark Exchange Traded Scheme (Gold BeES) offers investors an innovative, cost-efficient and secure way to access the gold market. Gold BeES is intended to offer investors a means of participating in the gold bullion market without taking physical delivery of gold,and to buy and sell on National Stock Exchange (NSE).
Track it here : Goldbees at nseindia

- Author: Ganapathy
- Filed under: IPO
- Date: Mar 19,2007
AMD Metplast lists at Rs 68 on NSE vs issue price of Rs 75
Abhiskek Mills lists at Rs 89 on NSE Va its issue price of Rs 100
Lawreshwar Polymers lists at Rs 15 on BSE vs issue price of Rs 16
Jagjanani Textiles listed at Rs 22.40 on the NSE vs issue price of Rs 25.
Gold BeES lists at Rs 1000 on NSE vs issue price of Rs 945.76
- Author: Ganapathy
- Filed under: World Market
- Date: Mar 19,2007
Asian Market opens on a positive note , so Indian market might open on a good mood and then swing down let us watch .
Track the asian market here : http://www.rupya.com/charts/world_market/
Track Indian Market here live : http://www.rupya.com/sensex/live.php
Track Indian overall Market here live : http://www.rupya.com/sensex/market.php
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 19,2007
The companies listing today include
>AMD Metplast,
>Abhishek Mills,
>Jagjanani Textiles,
>Lawreshwar Polymers,
The first ETGF – is an exchange traded fund from Benchmark Mutual – Gold BeES.
Will update the rates when these lists today.
- Author: Ganapathy
- Filed under: india
- Date: Mar 16,2007
The Sensex, which had gained about 90 points at open, fell back sharply to record a fall of 113.45 points at 12,430 at the end.The benchmark Sensex failed to hold early gains on the Bombay Stock Exchange at mid-day today on emergence of selling by funds and general investors on concerns of rising inflation.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 16,2007
Astral Poly Technik Limited IPO listing date
Listing On: Tuesday, March 20, 2007
BSE Script Code: 532830
NSE Symbol: ASTRAL
Listing in: B1 Group
ISIN: INE006I01012
Issue Price: Rs. 115 Per share (Face Value of Rs. 10/-)
Abhishek Mills Limited IPO listing date
Listing On: Monday, March 19, 2007
BSE Script Code: 532831
NSE Symbol: AML
Listing in: B1 Group
ISIN: INE004I01017
Issue Price: Rs. 100 Per share (Face Value of Rs. 10/-)
Jagjanani Textiles Limited IPO listing date
Listing On: Monday, March 19, 2007
BSE Script Code: 532825
NSE Symbol: JAGJANANI
Listing in: B1 Group
ISIN: INE702H01018
Issue Price: Rs. 25 Per share (Face Value of Rs. 10/-)
Lawreshwar Polymers Limited IPO listing date
Listing On: Monday, March 19, 2007
BSE Script Code: 532829
NSE Symbol: LEHAR
Listing in: B1 Group
ISIN: INE976H01018
Issue Price: Rs. 16 Per share (Face Value of Rs. 10/-)
AMD Metplast Limited IPO listing date
Listing On: Monday, March 19, 2007
BSE Script Code: 532828
NSE Symbol: AMDMET
Listing in: B1 Group
ISIN: INE005I01014
Issue Price: Rs. 75/- Per share (Face Value of Rs. 10/-)
- Author: Ganapathy
- Filed under: Inflation
- Date: Mar 16,2007
Inflation for the week ending march 3rd is at 6.46% compared to 6.10% this would add to the already troubled market , may be monday we can see the market going up based on Asian market reaction. I would stay away from thsi market are invest 10% of my investment i normally make and get some fundamentally good stocks that you get for cheap .
- Author: Ganapathy
- Filed under: Textiles
- Date: Mar 16,2007
Banswara Syntex Ltd on March 15, 2007, has announced that the Company has bagged export orders recently worth Rs 20 crore, thus taking the total export order book position of Rs 60 crore as on March 14, 2007. The Company has bagged these fresh orders to supply high-value fabrics, yarn & garments. These orders are to be executed in the next 3 months.
- Author: Ganapathy
- Filed under: Technology
- Date: Mar 16,2007
Moser Baer India Ltd on March 15, 2007, has announced its national Launch in the Home video market with 101 popular Hindi titles at attractive price points of just Rs 28 for VCDs and Rs 34 for DVDs. The company has earlier Launched titles in Tamil, Malayalam, and Kannada and has been receiving overwhelming response from customers for bringing in a paradigm change in this business.
- Author: Ganapathy
- Filed under: Company News
- Date: Mar 16,2007
Karur KCP Packagings that it has received orders from existing customers in cement sector, and from Paper Industries for supply of packing materials for the month of March 2007 for a total value of Rs 18.42 crore.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 16,2007
>Page Industries lists at Rs 311 Vs its issue price of Rs 360 .
>Raj TV lists at Rs 234 vs issue price of Rs 257.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 15,2007
RATHI BARS LIMITED (RBL) is one of the largest steel companies in Northern India producing the finest quality of TOR® Steel under the brand name RATHI® TOR®. It has been able to carve out a distinct image for itself in the steel market due to the high quality of product that it has maintained ever since production of TOR® STEEL was started.Very strict quality control measures are observed from the very beginning of the production process.
RBL was incorporated on 10th August, 1993 as a public limited company for setting up steel rolling mill to manufacture steel bars used for civil construction purposes.RBL is closely held company and promoted by Sh. K.K.Rathi and his two sons Sh. Anupam Rathi & Sh. Anurag Rathi.’RATHI’ is a well known name in the building construction industry and are pioneers to bring Foreign Technology in India in 60’s to produce specialty steels which revolutionized the civil construction industry in India.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 15,2007
A leading real estate developer based in New Delhi, DLF, which is planning to raise around Rs 10,000 crore from the primary market, may get SEBI clearance for IPO next week.Not sure how much is this true , as just 1 week back it was reported that SEBI is cracking on all realty IPO .
Larsen & Toubro Ltd (L&T) has informed BSE that the Company and its international consortium partners of Paul Wurth Italia and India and India have bagged an EPC (Engineer- Procure-Construct) package, value over Rs 1400 crores, for the expansion of Vizag Steel Plant of Rashtriya Ispat Nigam Ltd (RINL). This is the largest single-value EPC order by the client and was bagged against stiff international competition from Chinese, Korean and Russian Firms
Kirloskar Brothers Ltd has received order from Government of Andhra Pradesh, Irrigation and CAD Department, for construction of Pumping Stations at Vasanthavada, Peddavagu Project and Bandarugudem Tank including Electro Mechanical and Hydro Mechanical works including site development for Indira Sagar Lift Irrigation Project (Polavaram). The Contract value is Rs 344 Crores.
- Author: Ganapathy
- Filed under: Auto
- Date: Mar 15,2007
Maruti Udyog Ltd has announced that the prices of Company’s cars are being revised effective from March 15, 2007 following the increased cess announced in the Union Budget 2007-08.The increase ranges, between Rs 258/- and Rs 1017/- (Ex-showroom-Delhi prices) and is effective across all models and cities.
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 15,2007
Listing On: Friday, March 16, 2007
BSE Script Code: 532826
NSE Symbol: RAJTV
Listing in: B1 Group
ISIN: INE952H01019
Issue Price: Rs. 257/- Per share (Face Value of Rs. 10/-)
- Author: Ganapathy
- Filed under: IPO
- Date: Mar 15,2007
Listing On: Friday, March 16, 2007
BSE Script Code: 532827
NSE Symbol: PAGEIND
Listing in: B1 Group
ISIN: INE761H01022
Issue Price: Rs. 360/- Per share (Face Value of Rs. 10/-)