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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.
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.
| 500093 |
Crompton Greaves Ltd.,
|
RD
|
26/03/2007
|
25% Third Interim Dividend
|
| 500477 |
Ashok Leyland Ltd.,
|
RD
|
29/03/2007
|
150% Interim Dividend
|
| 500520 |
Mahindra & Mahindra Ltd.
|
RD
|
26/03/2007
|
75% Interim Dividend
|
| 504580 |
Madras Aluminium Co. Ltd.,
|
RD
|
29/03/2007
|
90% Interim Dividend
|
| 505506 |
Axon Infotech Ltd.
|
RD
|
29/03/2007
|
20% Interim Dividend
|
| 505800 |
Rane Holdings Ltd.
|
RD
|
27/03/2007
|
45% Second Interim Dividend
|
| 516082 |
N.R.Agarwal Industries Ltd.
|
BC
|
27/04/2007
|
12% Dividend
|
| 520056 |
Sundaram Clayton Ltd.,
|
RD
|
26/03/2007
|
80% Second Interim Dividend
|
| 532490 |
Rane Engine Valves Ltd.
|
RD
|
27/03/2007
|
80% Interim Dividend
|
| 532661 |
Rane (Madras) Ltd.
|
RD
|
27/03/2007
|
20% Second Interim Dividend
|
| 532786 |
GREAT OFFSHORE LIMITED
|
RD
|
26/03/2007
|
80% Interim Dividend
|
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
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.
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.
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.
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.
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 .
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.
| Mutual Fund Name |
Category
|
Date
|
Div in Rs |
| ABN AMRO Tax Advantage (D) |
Equity Tax Saving
|
23/03/07
|
0.88 |
| Birla Index Fund (D) |
Equity Index
|
23/03/07
|
6.5 |
| Birla Equity Fund (D) |
Equity Diversified
|
23/03/07
|
10 |
| Escorts Growth Plan (D) |
Equity Diversified
|
23/03/07
|
3 |
| Escorts Tax Plan (D) |
Equity Tax Saving
|
23/03/07
|
2.5 |
| Magnum Global Fund |
Equity Diversified
|
23/03/07
|
5 |
| Sundaram Tax Saver (D) |
Equity Tax Saving
|
23/03/07
|
2 |
| Tata Growth Fund (D) |
Equity Diversified
|
23/03/07
|
10 |
| DSP-ML India T.I.G.E.R. (D) |
Equity Diversified
|
21/03/07
|
4.5 |
|
500097
|
Dalmia Cement (Bharat) Ltd., |
RD
|
24/03/2007
|
100% Interim Dividend
|
|
500173
|
Gujarat Fluorochemicals Ltd. |
RD
|
24/03/2007
|
100% Interim Dividend
|
|
500350
|
RSWM Limited |
RD
|
24/03/2007
|
30% Interim Dividend
|
|
500420
|
Torrent Pharmaceuticals Ltd. |
RD
|
26/03/2007
|
60% Interim Dividend
|
|
500672
|
Novartis India Limited. |
RD
|
23/03/2007
|
200% Interim Dividend
|
|
502165
|
OCL India Ltd |
RD
|
24/03/2007
|
100% Interim Dividend
|
|
504096
|
Torrent Cables Ltd. |
RD
|
26/03/2007
|
35% Interim Dividend
|
|
506820
|
AstraZeneca Pharma India Ltd. |
RD
|
24/03/2007
|
600% Interim Dividend
|
|
506820
|
AstraZeneca Pharma India Ltd. |
BC
|
27/04/2007
|
A.G.M. and 600% Div (canc)
|
|
508664
|
Best Eastern Hotels Limited |
RD
|
22/03/2007
|
15% Interim Dividend
|
|
512599
|
Adani Enterprises Ltd. |
RD
|
23/03/2007
|
45% Interim Dividend
|
|
514175
|
Vardhman Polytex Ltd., |
RD
|
26/03/2007
|
35% Interim Dividend
|
|
515030
|
Asahi India Glass Ltd. |
RD
|
24/03/2007
|
65% Interim Dividend
|
|
520008
|
RICO Auto Industries Ltd. |
RD
|
24/03/2007
|
75% Interim Dividend
|
|
523598
|
Shipping Corporation Of India Ltd |
RD
|
4/4/2007
|
85% Interim Dividend
|
|
526893
|
Srinivasa Hatcheries Ltd. |
RD
|
24/03/2007
|
25% Interim Dividend
|
|
530759
|
Sterling Tools Ltd. |
RD
|
24/03/2007
|
30% Interim Dividend
|
|
531092
|
OM Metals Infraprojects Ltd |
RD
|
24/03/2007
|
20% Interim Dividend
|
|
532134
|
Bank Of Baroda |
RD
|
23/03/2007
|
30% Interim Dividend
|
|
532346
|
Blue Star Infotech Limited. |
RD
|
22/03/2007
|
20% Interim Dividend
|
|
532488
|
Divi’s Laboratories Ltd. |
RD
|
26/03/2007
|
100% Interim Dividend
|
|
532636
|
India Infoline Ltd. |
RD
|
24/03/2007
|
30% Interim Dividend
|
|
532779
|
TORRENT POWER LIMITED |
RD
|
26/03/2007
|
4% Interim Dividend
|
|
590025
|
Ginni Filaments Ltd. |
RD
|
22/03/2007
|
5% Interim Dividend
|
|
590049
|
Apollo Sindhoori Capital Investments Ltd. |
RD
|
24/03/2007
|
30% Interim Dividend
|
|
590071
|
SUNDARAM FINANCE LTD |
RD
|
21/03/2007
|
85% Interim Dividend
|
|
600420
|
Torrent Pharmaceuticals Ltd. |
RD
|
26/03/2007
|
60% Interim Dividend
|
|
600672
|
Novartis India Limited. |
RD
|
23/03/2007
|
200% Interim Dividend
|
|
615030
|
Asahi India Glass Ltd. |
RD
|
24/03/2007
|
65% Interim Dividend
|
|
620008
|
RICO Auto Industries Ltd. |
RD
|
24/03/2007
|
75% Interim Dividend
|
|
623598
|
Shipping Corporation Of India Ltd |
RD
|
4/4/2007
|
85% Interim Dividend
|
|
631092
|
OM Metals Infraprojects Ltd |
RD
|
24/03/2007
|
20% Interim Dividend
|
|
632134
|
Bank Of Baroda |
RD
|
23/03/2007
|
30% Interim Dividend
|
|
632488
|
Divi’s Laboratories Ltd. |
RD
|
26/03/2007
|
100% Interim Dividend
|
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.
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.
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.
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.
| Company Name | Last Prc |
% change
|
52 wk H
|
52 wk L
|
Mar Cap |
| Tata Tea | 622 |
2.63
|
1,047.00
|
558.25
|
3,671.67 |
| Parry Agro Ind | 1,430.10 |
-0.07
|
2,361.00
|
910.65
|
537.72 |
| Tata Coffee | 241.9 |
0.79
|
417.75
|
238.3
|
451.87 |
| CCL Products | 335 |
1.01
|
555
|
326.3
|
445.55 |
| Bombay Burmah | 297.7 |
9.99
|
660.3
|
225
|
415.59 |
| Assam Company | 16.65 |
-0.3
|
32.6
|
16.1
|
372.46 |
| Goodricke Group | 68.75 |
4.96
|
145.25
|
55
|
148.5 |
| Harrisons Malay | 72.5 |
5
|
192.9
|
63.55
|
133.84 |
| Jayshree Tea | 122.4 |
20
|
220
|
91.05
|
130.6 |
| Gillanders Arbu | 89 |
6.02
|
184
|
65.25
|
99.86 |
| Warren Tea | 76.45 |
18.16
|
178.8
|
58
|
81.8 |
| Apeejay Tea | 76.8 |
15.75
|
147
|
61.5
|
46.08 |
| Dhunseri Tea | 58.4 |
9.98
|
121.45
|
40.1
|
40.88 |
| Diana Tea Co | 7.94 |
17.63
|
26.3
|
6.43
|
29.77 |
| Asian Tea Expo | 29.9 |
9.93
|
45.8
|
14.2
|
25.41 |
| Beeyu Overseas | 9.33 |
7.61
|
18.3
|
8.41
|
13.21 |
| B and A | 35.9 |
12.19
|
69.65
|
30.05
|
11.13 |
| Tezpore Tea | 46.25 |
19.82
|
91
|
35.5
|
10.08 |
| Assambrook | 17.9 |
16.23
|
31.3
|
14
|
8.05 |
| Tyroon Tea Co | 11.16 |
-4.94
|
14.29
|
8.25
|
4.05 |
| Ledo Tea | 46.6 |
19.95
|
118
|
35.4
|
4.01 |
| TandI Global | 6.68 |
0.3
|
11.14
|
4.91
|
3.39 |
