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Rajesh Exports raises on the Bourses on news of Bonus Issue and Stock Splits. The company is meeting on October 22nd to decide on the Split and Bonus ratios.More info will be coming soon.
Symbol – Series : MIL EQ
Issue Period Sept 27, 2007 to Oct 04, 2007
Issue Size 88,50,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 320/- to Rs. 370/-
Tick Size Re. 1/-
Market Lot 18 shares
Minimum Order Quantity 18 shares
Maximum Subscription Amount for Retail Investor Rs.100000
The IPO is not yet fully subscribed .which is almost subscribed by .67 times.
Financial Technolgies rose by 6 percent after stake sale , Merrill Lynch and Citigroup has acquired 5% stake each in Multi Commodity Exchange of India (MCX) from Financial Technologies (India). The company plans to invest proceeds in green field ecosystem ventures such as – National Spot Exchange Ltd (NSEL), National Bulk Handling Corporation Ltd (NBHC) and others towards the development of complete value chain.Financial Technology is also one of the stock I’m following for almost 6 months now and I’m in and out of the stock for some time now.
Moser Baer which i’m following almost for 6 years first they where into CD and then DVD and now into RD’s and also they are deep into the Entertainment business which we can see already is reaping profit for the company , Now it has started investing into retail business of Home Video market, so it is setting up retail outlets to sell film content. Initially, the company will invest $ 100 million to buy the film content.But the company has to enter the market too soon which i think is little bit slow , there are already big players like Reliance and more small players .
DLF is looking to enter Indian telecom space with Pan India License;for that they are to list REITs on Singapore Stock Exchange to raise $ 2 Bn , they are not planning to operate the telecom company but it is in talks with 2-3 global major wireless players for tie up in telecom venture. DLF is believed to be in talks with AT & T and Singtel.Soon it might get some news on the whole thing that the reason the stock is seeing some raise , and also there might be question is the DLF Equity will be diluted more , but already there is a answer that they might not dilute .So no DLF Telcom IPO soon in the making.
U.S. stocks edged lower in lackluster trade as some investors locked-in profits on the last day of a strong third-quarter. The Dow lost 17 points to 13,895. The S&P 500 slipped 4 points to 1,526. The Nasdaq dipped 8 points to 2,701.
United Breweries is planning to raise money through Rights Issue , It is to raise Rs 425 cr via rights issue, the ratio for the rights issue is yet to be decided which will be informed here later.
Reliance Power IPO which might be the next big news in the Indian IPO market , we will update all the details as it comes.
Reliance Power IPO planning a IPO of around 3.5 billion dollars , and if it gets approved by the sebi then that would be the Biggest ever IPO in India ,it is to raise money to develop mega power projects for India.Reliance power is the unit Reliance energy which is the led by billionaire businessman Anil Ambani, declined to comment on what the company called “market speculation,” the newspapers said.
Reliance Power, part of the Reliance-Anil Dhirubhai Ambani Group or R-ADAG, has been valued at around 11 billion dollars.Reliance Power aims to sell shares equivalent to a 15-30 percent stake in the company, the reports said.
PowerGrid Corporation of india IPO allotment status will be the most searched word for the week and coming weeks , but think retailers need to be happy as the Allotment will be good for them atleast 1:5 and like any other government IPO they might give firm allotment to all the retailers but have a little bit less stock alloted.
But the allotment status will be available here : http://karisma.karvy.com/jsp/Ipo_Status.jsp
DLF Ltd has announced its second IT Park in Kolkata. The Company is developing this state of the art, world-class facility on 25 acres of land offering 2.5 million sq.ft. of IT/ITES workspace.Just thinking how much more IT space is needed to have all the places accomadated , if the IT jobs comes to stand still think these IT spaces will be utilised for something else.
Nagarjuna Construction Company Ltd has informed BSE that the Company has bagged three new orders totaling Rs 243 crores.
Order Details
For construction of the “EMBASSY OF INDIA COMPLEX” at Kathmandu, Nepal valued at Rs 136 crores,
For construction of Paint Shopt & HRK Hall at Chakan, MIDC, Maharashtra for Volkswagen India Pvt Ltd, valued at Rs 66 crores and
For construction of Raw Water Storage Reservoir at Visakhapathatnam, Andhra Pradesh for Brandix India Apparel City valued at Rs 41 crores.
ABB India has won a Rupees 933 million (93.3 crore) order from KHD Humboldt Wedag GmbH, Germany, to provide a turnkey electrics and automation solution for a 5000 TPD (tonnes per day) capacity green-field cement plant at Katrana in Jordan. The project is expected to be completed by mid 2009.
“RNRL to offer 20% in methane blocks to strategic investor”,this is the news that is flowing around for that Reliance Natural Resources Ltd has clarified that the Company has received various proposals both from strategic and financial investors in this direction. The Company is currently examining these options and other options.
Sensex touched 17000 in the opening market and its down below 17000 trading at 16950 or so , it took only 5 or 6 days to come to this 1000 points.
Mutual Fund Family : Lotus India Mutual Fund
Fund Name : Lotus India Infrastructure Fund
Objective of Scheme : To provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of infrastructure companies.
Scheme Type Close Ended
Scheme Category Growth
New Fund Launch Date 25-Sep-2007
New Fund Offer Closure Date 24-Oct-2007
Indicate Load Separately Entry Load : NIL Exit Load : NIL
Offer Price (Rs.) 10
Minimum Subscription Amount Rs.5,000/- per application + in multiples of Re.1
Visit Website www.lotusindiaamc.com
Mutual Fund Family : Tata Mutual Fund
Fund Name : Tata Indo-Global Infrastructure Fund – Growth/Dividend
Objective of Scheme : The investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and other parts of the world.With the way all the infra fund is turning back now for example Birla infra find was like at 9 rs a year back and now its at like 17 rs.
Scheme Type Close Ended
Scheme Category Growth/Dividend
New Fund Launch Date 3-Sep-2007
New Fund Offer Closure Date 16-Oct-2007
Entry Load: N.A
Exit Load: Nil* * An early exit charge equivalent to the unamortised New Fund Offer expenses will be recovered from the investor in case of redemption before expiry of 3 years from the date of allotment.
Offer Price (Rs.) 10/-
Minimum Subscription Amount 10,000
For Further Details Please Visit Website www.tatamutualfund.com
The markert ended in green but it saw both extent today it saw some good negative point and some good postive side , Market recovered in the late afternoon , It was reliance and group of company which got the market down in the morning and it was the same reliance which hit all time high in the late trade had the markert into postive zone .Sensex provisionally ended up by 53.17 points at 16,899.54 . At day’s low of 16,676.98, Sensex had lost 168.85 points for the day.The Sensex struck all-time high of 16,928.02 in late trade.
Major losers are
L&T (down 1.79 % to Rs 2845),
M&M (down 2.65% to Rs 763),
SBI (down 1.76% to Rs 1801),
Reliance Energy (down 1.72% to Rs 1074.90).
Major gainers
Bharti Airtel (up 1.97% to Rs 963.50),
Hindalco industries (up 2.12% to Rs 166.30),
Cipla (up 0.99% to Rs 169),
HDFC Bank (up 2.95% to Rs 1386),
Hindustan Lever (up 1.32% to Rs 226.50).
Realty Index Debacle
And talking about Realty sector which was on a high sky for a weak so a big grop of 292 points or 3.12% at 9,077.Realty stocks had rallied after last week’s cut in interest rate by the US Federal Reserve.
Sadbhav Engineering Ltd has been awarded the following project for contract price of Rs 245.24 crores for the work “Removal of Over Burden of First Dig(Solid) by Hiring of HEMM such as Excavators, Dumpers, Drills, Dozers, Graders and Water Tankers for composite work consisting of Blast Hole Drilling, Blasting, Excavation, Loading, Transportation of Broken Rocks / Soil / Earth, Dumping, Spreading etc. complete including unloading spreading Dozing, Water Sprinkling, Grading etc. by mechanical means as per instruction of Engineer in charge at specified places at Bina Extn OCP of Northen Coalfield Ltd (NCL).
Gayatri Projects Ltd has informed BSE that the Company has secured new order valued Rs 154.01 crores. The entire work has to be executed with in a period of 2 years.
The current order book strength of the Company stands at Rs 3,450 crore. The Company, as ISO 9001-2000 certified Company, is among India’s fastest growing construction Companies known for its in-securing model driven by professional teams and unique equipment bank.
Due to sun outage the market timings from September 25, 2007 to October 9, 2007 will be from 9.55 am to 11.25 am there will be no trading available from 11.25 am to 12.10 pm, the resumption of trading session will be from 12.10 pm to 4.15 pm.Please note that super multiple order square-off will start at 3.55 pm .
No idea what to say it was like watching india vs pakisthan match when seeing the sensex playing the Bulls and bear , but Bull won it with a huge margin like the same way how we are expecting india to win today.
The BSE Sensex closed at 16845 up by 281 points
NSE Nifty closed at 4943 up 94 points.
> Major gainers on the BSE index were Reliance Energy, Maruti Udyog, NTPC, L&T while
> Major losers were Infosys Technologies, Satyam, ITC and TCS. Its high time to come out of some IT stocks now and buy ot after results.
More updates to come later
Supreme Infrastructure India Limited IPO which is open for public from September 21 to september 26th 2007 .
Issue Details
Issue Period Sept 21, 2007 to Sept 26, 2007
Issue Size 34,75,000 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 95/- to Rs. 108/-
Tick Size Re. 1/-
Market Lot 60 shares
Minimum Order Quantity 60 shares
Oversubscription Details
Total Issue Size 3475000
Total Bids Received 5857560
Total Bids Received at Cut-off Price 763080
No. of times issue is subscribed 1.69
