Populist Budget spooks markets, Sensex crashes 869 …
- Filed under: Budget
- Date: Aug 30,2008
Gammon Infrastructure Projects informed the market that they have received LOI from andhra government for the construction of bridge across Godavari river from Rajamundry to Kovur.They are incharge of designing, constructing, financing, operating and maintaining on BOT basis .The total cost might be 800 crores , for now the Company will receive a total grant of Rs 207.55 crores , and they have concession for 25 years including the execution time of the project of 3 years.On the financial side Gammon infra reported a net profit of Rs 3.22 crore from the net sales of Rs 6.53 crore in Q1 June 2008.
Not sure if they have a different plan in hand but its too late to enter into villa kind of real estate project for sobha Developers.they have informed the market that they have started a Real Estate Project “Sobha Scarlet” in Mysore yesterday , it will be devloped over 14.2 acres of Land.
Project Details
It will have 83 villas , It will have all the Amenties of a normal villa project like Club house with spa, Tennis court, Swimming pool, Gym, Squash court, Multi purpose hall, Cards/Carrom room, Library and others.
L&T informed the market today that it has fixed record date for the proposed bonus issue 2 months back it had fixed 1:1 bonus and have not info9rmed until now the record date for the same , yesterday in a meeting that was conducted they had fixed the same , and October 3rd is the record date for the proposed Bonus Issue of 1: 1.
Finally after a long time not sure when it went down but this week its good news it dint go up but it just came down by .20 percent or so .The inflation for the week ending August 16 2008 is at 12.40 percent versus 12.63 percent.
Resurgere Mines and Minerals IPO allotment status is ready and can be checked here.
Resurgence Mines IPO Allotment Status
Austral Coke IPO Allotment Status is ready and can be checked here .The IPO was oversubscribed by 2.70 times on total and by 4.2429 times in retail section.
Austral Coke IPO allotment Status
What is happening to Vintage cards its almost hitting upper circfuit for like 5 or more than 5 trading session now and i has increased by 170 percent or so .The stock is locked in 10% upper circuit yesterday also.from Rs 45.85 after hitting upper circuit for 7 days its at its current market price of Rs 124.12.The company not even performed well in the quarter results it showed a loss of .51 crores , The only news is the board meeting is held today where they would decide on the renewal of agreement with Hallmark Cards Inc, USA.
J Kumar Infraprojects informed the market that they have secured an order worth Rs 62 crore from Pune Municipal Corp JNNURM Division No 2, the order is to Construct Brigde cum Flyover at Holker Bridge on Mula River in Pune City. The order book for J kumar infra stands at stands Rs 746.95 crore including the yesterday order.
Jyothy Laboratories informed the market that in a meeting that was held yesterday they made decision on stock split and also dividend on the stock split side they decided and approved sub-division of existing equity shares of Rs 5 each into 5 equity shares of Rs 1 each. And on the divided side with already proposed 7.5 rs dividend per share they added 2.5 more as a silver jubilee bonanza and made the dividend as 10 rs per equity share.
Thomas Cook India Ltd informed the market that on the meeting that way back in march 23rd 20077 they decided on a rights issue in the ratio of 1 : 3 ratio for the existing share holders with a issue size of upto Rs 225 crores. But now they have decided the fund raising will not exceed more than 200 crores.The record date for the same will be soon announced here.
BGR Energy Systems has been awarded order worth 39.60 crores and the order is for supply iof Air Fin Collers and the client is Essar Refinery Expansion project in Vadinar .they have to supply like 169 numbers of Fin Tube Bundles ,The execution time of the same is 12 months.
Based on the banks in india this is the list of interest rate they are paying for anything more than 400 to 500 days of deposit .This varies for normal person and those who are senior citizen , help yourself and earn interest through Fixed Deposit .
Bank Name Senior Citizen Normal Bank Of Rajasthan 10.75 10.25 State Bank Of Mysore 10.75 10.25 Tamilnad Mercantile Bank 10.75 10.5 Catholic Syrian Bank 10.6 10.15 Federal Bank 10.6 10.1 SBI Commercial and International Bank 10.6 10.1 Axis Bank 10.5 9.5 Canara Bank 10.5 10 DBS Bank 10.5 10.25 IDBI Bank 10.5 10 Indian Overseas Bank 10.5 9.75 Nainital Bank 10.5 10 South Indian Bank 10.5 10 State Bank Of Hyderabad 10.5 10 State Bank Of India 10.5 10 State Bank Of Indore 10.5 10 YES Bank 10.5 10 Jammu & Kashmir Bank 10.35 9.85 Allahabad Bank 10.25 9.75 Andhra Bank 10.25 9.75 Bank Of Baroda 10.25 9.75 Bank Of India 10.25 9.75 City Union Bank 10.25 10 Dhanalakshmi Bank 10.25 9.5 Karnataka Bank 10.25 9.5 Karur Vysya Bank 10.25 9.75 Kotak Mahindra Bank 10.25 10 Punjab and Sind Bank 10.25 9.75 Punjab National Bank 10.25 9.75 State Bank of Bikaner and Jaipur 10.25 9.75 State Bank Of Travancore 10.25 9.75 Union Bank Of India 10.25 9.75 Vijaya Bank 10.25 9.75 UCO Bank 10.1 9.6 Bank of Maharashtra 10 9.5 Central Bank Of India 10 9.5 Corporation Bank 10 9.5 Indian Bank 10 9.5 State Bank Of Patiala 10 9.5 State Bank Of Saurashtra 10 9.5 ABN AMRO Bank 9.75 9.5 Lakshmi Vilas Bank 9.75 9.25 IndusInd Bank 9.6 9.1 Citibank 9.5 9 HDFC Bank 9.5 9 ICICI Bank 9.5 9 Syndicate Bank 9.5 9 Dena Bank 9.25 8.5 ING Vysya Bank 9.25 9 Oriental Bank Of Commerce 9.25 8.75 UCO Bank 9.25 8.75 United Bank Of India 9 8.5 Development Creadit Bank 8.8 8.3 Development Credit Bank 8.8 8.3 Barclays Bank 8 8 Deutsche Bank 7.5 7.5 Standard Chartered Bank 6.7 6.7
Disclaimer : I have taken my time to verify the data but please do verify with your local branch to make sure , before you proceed with any deposits.
The Dow Jones Industrial Average saw the points tumbling by 241.73 points, or 2.1%, to 11386.33, which almost erased 3 day winning streak.The market was impacted by financial sector and also by the carribean storm and also it was influenced by Home Sales which we have to say on the p[ositive side raised by a larger-than-expected amount but unsold inventory remains at very high level.
So Network 18 is trying to cash in on social networking and email site business and so they created a new site called WWW.in.com , wow a 2 letter website name god they would have paid heavily for this website , not sure when they had started this website but i came into touch with it only today , i was visiting moneycontrol.com and then i saw this new site , cool idea having you create a new email address and then link all the social network gadgets i have to say its like Google homepage , you just see the news , your portfolio , entertainment like songs and video and more and more .I don’t see ads yet but for sure that should eb the revenue model .What and all they give in the website.
Smart mailin
>Fast, 10GB mailbox
>Linked Messages to easily see email sequence
>Schedule mail to be sent later
>Enterprise-grade anti-spam and anti-virus
personalizin
>Create your profile and share it with friends
>Make your own music playlists
>Collect your favorite items across the site
interactin
>Vote and promote your favorite news, blogs, videos etc.
>Make yourself heard by leaving comments as yourself
Company that are paying dividend and company that are going EX Dates for bonus , record date and more .
Scrip Code Scrip Name Ex-Date Purpose Rs. 506285 BAYER CROP 8/22/2008 Dividend 2.4 523207 CAMLIN LIMIT 8/22/2008 Stock Split from
Rs. 10/- to Re. 1/-- 500110 CHENNAI PETR 8/22/2008 Dividend 12 520131 COASTAL ROAD 8/22/2008 Dividend 0.5 532640 CYBER MEDIA 8/22/2008 Dividend 0.5 502137 DECAN CEMENT 8/22/2008 Dividend 3 500136 ESTER INDUST 8/22/2008 Dividend 0.5 501848 GARWAR OFF 8/22/2008 Dividend 1.8 505712 GUJARAT AUTO 8/22/2008 Dividend 3 513519 PITTI LAMINA 8/22/2008 Dividend 2 519260 SANWAR AG OI 8/22/2008 Dividend 0.3 590071 SUNDARAM FIN 8/22/2008 BONUS 1:1 - 509960 U P HOTELS L 8/22/2008 Dividend 10 511736 USHDEV INTER 8/22/2008 Dividend 2.1 500095 WYETH LTD 8/22/2008 Dividend 30 507717 DHAN AGRI 8/25/2008 Dividend 5 590083 MAVENS BIO 8/25/2008 Stock Split From
Rs. 10/- to Re. 1/-- 501154 ROSE INVESTM 8/25/2008 Dividend 1.5 526725 SANDESH LTD 8/25/2008 Dividend 3 532332 SOFTPRO SYSL 8/25/2008 Dividend 1 524715 SUN PHARMACE 8/25/2008 Dividend 10.5 507878 UNITECH LTD 8/25/2008 Dividend 0.25 532630 GOKALDAS EXP 8/26/2008 Dividend 1 531979 HIND ALUMIN 8/26/2008 Final Dividend 1.5 509040 NETLINK SOLU 8/26/2008 Dividend 0.04 532923 REN JEWELERY 8/26/2008 Dividend 1.5 531266 VST TILLER T 8/26/2008 Dividend 5 531847 ASIAN STR CO 8/27/2008 Dividend 2 500069 BNK CAPITAL 8/27/2008 Dividend 1 520022 DENSO INDIA. 8/27/2008 Dividend 2 500246 ENVAIR ELECT 8/27/2008 Dividend 0.7 511668 FACT ENTERP 8/27/2008 Dividend 0.5 532334 HB ESTA DEVL 8/27/2008 Dividend 1 509627 HINDUS DOR O 8/27/2008 Dividend 0.6 532960 IB SECURITIE 8/27/2008 Dividend 7.5 532832 INDBUL REAL 8/27/2008 Dividend 13.5 531253 INDIA GEL CH 8/27/2008 Dividend 0.7 532544 INDIABULLS 8/27/2008 Dividend 8.5 505737 INTERN COMB 8/27/2008 Dividend 5 532705 JAGRAN PRAK 8/27/2008 Final Dividend 1 502958 LAKSH MILL C 8/27/2008 Dividend 5 522085 STONE INDI L 8/27/2008 Dividend 2.5 513005 VBC FERRO AL 8/27/2008 Dividend 2 517164 ZENITH COMPT 8/27/2008 Dividend 1.2 532298 ZENITH INFOT 8/27/2008 Dividend 1.5 532683 AIAENGINEER 8/28/2008 Dividend 4 590033 APW PRES 8/28/2008 Dividend 3 526851 AREX IND. 8/28/2008 Final Dividend 0.9 532443 CERA SANITRY 8/28/2008 Dividend 1.5 526550 COUNTRY CLUB 8/28/2008 Final Dividend 2 517437 DUTRON POLYM 8/28/2008 Dividend 0.9 503681 ELCID INV 8/28/2008 Dividend 10 517271 HBL P SYS 8/28/2008 Dividend 1.5 515145 HIND NAT GLS 8/28/2008 Dividend 4 500440 HINDALCO IN 8/28/2008 Dividend 1.85 500440 HINDALCO IN 8/28/2008 Right 3:7 - 500207 INDO RMA SYN 8/28/2008 Dividend 1 532150 INDRAPRA MED 8/28/2008 Dividend 1.4 523596 IRCON INTERN 8/28/2008 Final Dividend 9.7 513509 KALYANI FORG 8/28/2008 Dividend 2.2 526015 KEMROC IND E 8/28/2008 Dividend 1 504269 KHAITAN ELCT 8/28/2008 Dividend 2 590078 MAITHAN ALL 8/28/2008 Dividend 2 524709 NAGARJ AGRIC 8/28/2008 Interim Dividend 1 531416 NAREN PROPER 8/28/2008 Dividend 2 508670 NEELAMA AGRO 8/28/2008 Dividend 10 505355 NESCO LIMITD 8/28/2008 Dividend 1.2 532555 NTPC LTD 8/28/2008 Final Dividend 0.8 526801 PSL LIMITED 8/28/2008 Final Dividend 2.5 517522 RAJ GLO WIR 8/28/2008 Dividend 1 517496 RICOH INDI L 8/28/2008 Dividend 0.5 524667 SAVIT CHEMIC 8/28/2008 Dividend 11.5 502742 SINTEX INDUS 8/28/2008 Dividend 1 532143 SKM EGG PROD 8/28/2008 Dividend 0.5 526582 TPL PLAST 8/28/2008 Final Dividend 2 513629 TULSYAN NEC 8/28/2008 Dividend 2 524394 VIMTA LABS L 8/28/2008 Dividend 0.8
MM Forgings almost surged by 4 percent today after it informed the record date for the proposed bonus issue , It had proposed bonus in the rate of 1 is to 1 and they have announced today that the record date for the same is spetember 30th , man this is like another month from now , i dont understand im sure the stock price is going to come down again before that , anyway stock market is always a puzzle , its just stock market is mind game where its just not one person’s mind its all the investors mind and brain palying here.
Gujarat Apollo Industries Ltd went up by more than 8 percent today after the company informed its double bonus offer today , when i said dopuble bonus one is the dividend of 3 rs per share and the other is real bonus of 1 share for every 2 shares held.The record date for the same will be soon informed .
Era Infra Engineering Ltd informed the market today that the Company has bagged a contract worth 42.35 crore and the project is for Construction of Industrial Worker Housing with Cost Effective Technologies for Narela Industrial Complex in delhi and Infrastructure Development Corporation Ltd (DSIIDC), the total worth of the project as told before is valuing Rs 42.35 Crores .the stock price infact fell today so not really much investors intrested in this news may be .
On the financial Side
Q1 June 2008 annualised EPS is at Rs 49.18, which leaves the currect rate of 480 or so by a PE multiple of 9.76. and also net profit fell 14.3% to Rs 28.40 crore but sales increased by 57.7% to Rs 390.93 crore in Q1 June 2008 over Q1 June 2007.
Omaxe informed the market that one of its wholly owned subsidiary has received a LOI for construction of a medical college and a hospital at Saharanpur in Uttar pradesh , the full order details of how much the order is worth and how much is the xecution time is not yet known , but the contruction is for Allopathic Medical College and Associated Hospital at Saharanpur, UP.The news was informed on august 22nd its just 1 percent raise today on its stock price.
| Tata Motors which is on one side fighting with the land problem that they have for the roll out of tata Nano silently on Saturday launched the new generation of the country’s first and fully indigenous car The Indica Vista. I have to say what and all i dint like in the existing Tata indica car when it coems to design has been corrected in this , the curves of the car is really good now , its like bloated version of Hyundai getz.The car has been given a complete makeover and comes with a 24-month warranty. |
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They are planning to sell seven variants of this model ranging from Rs. 3.49 lakh (ex-showroom Delhi) for the 1.2 L petrol Safire for the low end and going up to Rs. 4.88 lakh (ex-showroom Delhi) for the top end 1.3L Quadrajet.
Download Indica Vista Brochure
Indian Bank has informed the market that they have raised interest rates from 9.5 percent to 10 percent this is not for all the frequency of deposits this is just for those which are ranging from 1 year to 2 years .
Era Infra informed the market today that they have bagged a contract for Up-gradation, renovation and new construction for Commonwealth Games 2010 in J N Stadium Sports Complex, New Delhi. for Rs 111.27 Crores approximately.Think you woukld have seen that nagarjuna contruction bagged some orders yesterday so its raining orders from common wealth games 2010.
Nagarjuna Construction has informed the marke that they have secured three new orders aggregating Rs 474 crores.
Order Details
>The first order valued at Rs 252 crores is for Development works at Common Wealth Games 2010 at North Campus, Delhi University, Execution time is 18 months.
>The second order is from Bangalore for construction of Traffic and Transit Management Center under JNNURM Scheme valued at Rs 114 crores , Execution time is 24 months.
>The third order valued at Rs 108 crores is from the Mysore for Development of Transport Infrastructure Facilities for Mysore under JNNURM , Execution time is 18 months.
Inflation for week ending Aug 9 2008 came yesterday and there is no improvement at all it is at 12.63% compared to 12.44% week ago aug 9th 2008.
What had raise the inflation
30 Essential Commodities up at 6.74% VS 6.54%
Primary Articles up at 11.83% VS 11.43%
Fuel & Power unchanged at 17.99%
Manufactured~products up at 10.91% VS 10.75%
318 commodities unchanged and 15 commodities down
Petron Engineering Construction Ltd has informed the market that they had received a order worth 64 crore from M/s. Utility Energytech and Engineers Pvt. Ltd, an associate Company of Reliance Energy Ltd, Mumbai, for Erection of Boiler Proper for 2 x 600MW DVC for their Ragunathpur Thermal Power Project, West Bengal .
Allied Computers International (Asia) Ltd informed the market today that it would consider doing stock split on the meeting thats going to be held on August 27, 2008 , the stock rate is at 20 rs or so not sure if they would reduce the face value or incerase it .
Finally just 2 days more for the iphone 3g to come out in india , its price is confirmed and its available in in 8GB and 16GB at Rs 31,000 and Rs 36,100 respectively. And as you have already pre-registered with us, you can get it before others do. All you need to do is drop in at a select Vodafone Store between August 20 and 21 and confirm your booking by paying Rs 10000 through cash or credit card. Don’t forget to show the iPhone booking SMS, which you would have received from us, when you visit the Vodafone Store to make the deposit.Think they are going to feel for it , not sure if they are going to have Q or anything for this whith this pricing.
If you are in chennai you can get it in this place.
IVRCL Infrastructures & Projects Ltd informed the market today that thay had been awarded Pranahitha-Chevella Lift Irrigation Project from Mid Manair Reservoir to Upper Manair Reservoir in Karimnagar District by water conveyor system on EPC Turnkey Basis” the project cost is Rs 714.96 Crores and been funded by Irrigation and CAD Department, Government of Andhra Pradesh.The execution time is updated as 48 months.Sorry the investors dint respect the order.
Cubex Tubings Ltd has informed the market today that the Company has received order worth Rs 6 crore from NTPC Ltd under competitive bidding.The stock price went up by 5 percent after the announcement .
McNally Bharat Engineering informed the market today that hey have bagged two orders aggregating Rs 53.25 crore.The stock went up by 4 percent or so after they informed the order details .Financially the company’s net profit fell by 7 percent to Rs 4.07 crore on 18 percent increase in net sales to Rs 131.80 crore in Q1 June 2008 over Q1 June 2007.
Bartronics India Ltd informed the market today that they have got order worth 400 crore for smard card project.This project is from Employees State Insurance Corporation fro providing smart card , not sure what they use smart card for but ghis is a very big order for 400 crores and its distributed for district-wise operation of Smart Cards under the RSBY Scheme covering 609 districts across the country.
JM Financial Ltd which had informed Bonus and Stock split have come out with the record date for the same ,it has informed that September 15, 2008 has been fixed as the Record Date for the purpose Stock Split and also Bonus Issue .
Kaashyap Technologies informed the market today that the Bonus proposal which was informed in june month which ahd the record date of august 14th 2008 , has been alloted and soon it will available in everyone’s Demat account.The Bonus proposal was 1 equity share for every 6 held.
Simplex trading informed the market that in the general body meeting that took place today they approved the very liberal bonus proposal and the Bonus is in the ratio of 4 is to 1 share.The Record Date for the same will be informed here later.
Rs. 10/- to Rs. 5/- |
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The Inflation data came today and it was not really that was expected its low in 17 years i think , suddenly it had a good increase and its at 12.44 percent for the week ending August 2, 2008 stands at 12.44 per cent, higher than the rate of 12.01 per cent reported last week.
After US Government gave out the oil inventories which unexpectedly declined and gasoline stockpiles fell , Crude Oil went up by 3 dollar a barrel .This will have the Oil stock go up today like cairn energy , reliance petroleum and much more .
How much is 1 barrel in Liter ?
1 barrel = 117.347765 liters
SEBI which had its board meet yesterday had different issues discusses 2 of the main issues it discussed was one on the P-Notes and the other on the rights issue time line, They did discuss on the P-Notes but did not take any final call on that but on the Rights Issue it said it had reduced the wait period from 109 days to 43 days and also said it can even go down below 43 days.
Resurgre Mines and Minerals which got closed yesterday finally got fully subscribed and it totally got subscribed by 1.116 times ,Expect retail category all the section got fully subscribed .
>Qualified Institutional Buyers (QIBs) 1.3401
>Non Institutional Investors 2.4129
>Retail Individual Investors (RIIs) 0.3967
>Employee Reservation 1.0004
Austral Coke & Projects IPO which got closed yesterday had subscribed by 1.65 times on the whole .The final number for different categories are as follows.
> Qualified Institutional Buyers (QIBs) 0.6230
> Non Institutional Investors 7.3197
> Retail Individual Investors (RIIs) 0.6866
Larsen & Toubro informed the market today that company with many more consortium has bagged engineering, procurement and construction orders worth Rs 3,816 crore from the steel and zinc industry.This takes the order book to Rs 45,000 crore.The market really was not happy with the news the stock went down by more than 40 rs.on the financial side L&T’s net profit surged 33.3% to Rs 502.44 crore on 53.2% increase in net sales to Rs 6901.43 crore in Q1 June 2008 over Q1 June 2007.
Empee Distilleries is a stock which i always believed there is some value ,they are in alcoholic beverages irrespecive of climate this is something they go for.Infact i hold some stock of empee distilleries .The stock price is rallying for the second day this week. News behind that is they are on the expansion mode and has been completed TN plant while AP operations will start soon. The capacity is seen at 8.5 lk cases/month.There is also news that they are developing 2 lakh sq ft residential space in TN.
Trent informed the market today that Tesco and Tata had come to an agreement that they will develop Cash and-Carry shop model in india ,Tesco will start with an initial investment of up to £60m in the first two years.After the news Trent went up by 50 rs or 10 percent .
Panacea Biotec informed the market that it has received order worth 35 million US dollars from UNICEF to supply pentavalent vaccines, the order is almost worth 140 crore rs in indian money, This is forst time i have seen a unicef order coming to a indian medical company .On the financial side The company’s net profit fell 27.9% to Rs 34.05 crore on 3.8% decline in sales to Rs 224.48 crore in Q1 June 2008 over Q1 June 2007.
Biocon today informed the market that they have fixed record date for the Bonus issue , after they informed the market Biocon went up by more than 5 percent or 20 rs . They have 12 September 2008 as the record date for issue of bonus shares in the ratio of 1:1.
June industrial growth figure came out today and it stands at 5.4% versus 8.9% (YoY) versus 4.1% in May so when compared to may this year it was increase of 1 percent or so . While infrastructure output number stands at 3.4% versus 5.2% (YoY).
Sector Growth Figure
Capital goods growth has come out at 5.6 percent (YoY).
Manufacturing growth is at 5.9 percent versus 9.7 percent (YoY).
Consumer goods growth is at 10 percent
while mining growth is at 2.9 percent (YoY).
Electricity growth is at 2.6 percent (YoY).
Vishal Information Technologies, which saw its listing today gave a very big gain to all the investor the stock which listed at 130 in nse and 150 in bse which was just either below or at the ipo price , They saw only 1.1 time of subscription through IPO but finally they closed at at Rs 194.60 on the NSE, at a premium of 29.73% to its issue price of Rs 150. and on the BSE, the share closed at Rs 194.15 at a premium of 29.43%. On BSE its intraday high was at Rs 197.20 and intraday low was at Rs 145.
Alpa Labs which saw a IPO Flop and had a issue issue price was at Rs 68 had got itself into upper circuit lock today , it touched an intra day high of Rs 25.10 and an intra day low of Rs 22 and finally closed at 25.10 .Its FY08 EPS stood at Rs 4.34 while FY09e EPS is seen at Rs 8.20.