« July 2007 | Main | September 2007 »
August 31, 2007
Kaveri Seeds IPO opening On Septemper 6th 2007
|
Kaveri Seed Company Limited is in the service of Indian farmer for more than three decades now, with a record accomplishment of high performance products and highest quality standards, the Company takes pride in its reputation as a 100-percent Indian Company with a national presence. |
Posted by rupya at 11:50 PM
NSDL will SMS your DEMAT Transactions
NSDL is pleased to announce the soft launch of SMS Alert facility for demat account holders from August 10, 2007 whereby a few investors on a pilot basis will be able to receive alerts for debits (transfers) to their demat accounts. Under this facility, investors will be able to receive alerts for the debits (transfers) that have taken place in their demat accounts, a day after the debit (transfer). These alerts will be sent to those account holders who have provided their mobile numbers to their Depository Participants (DPs). Alerts will be sent if the debits (transfers) are up to five ISINs in a day. The full fledged roll-out of this facility for all investors will commence on September 1, 2007.
Posted by rupya at 3:34 PM
India Inflation drops below 4.0 for thw week ending August 18th
some worry in the market was taken away after the Inflation based on the wholesale price index (WPI) dropped to 3.94 per cent for the week ended August 18 as against 4.10 per cent in the previous week.
Posted by rupya at 3:29 PM
NSE adds more stocks to Futures and Options Category from September 6th 2007
NSE has decided to add 14 additional stocks to futures & options (F&O) segment with effect from 6 September 2007.
The 14 new stocks include
3i Infotech,
Aptech,
Bhushan Steel,
Biocon,
CMC,
Havells India,
Lakshmi Machine Works,
NIIT Technologies,
Nucleus Software,
Sasken Communications,
Tech Mahindra,
Tulip IT Services,
Welspun Gujarat Stahl Rhoren
and Yes Bank.
Posted by rupya at 12:55 PM
Magnum Ventures IPO oversubscribed by 2.95 times
Magnum Ventures IPO ended with 2.95 times subscription. The issue received total bids for 5.19 crore shares as against 1.76 crore shares on offer.
Subscription Details
The Qualified institutional buyers (QIBs) category was subscribed 2.34 times.
The non institutional investors category was subscribed 3.92 times.
The retail investors category was subscribed 3.38 times.
Price Band Fix
The company had fixed a price band between Rs 27 - Rs 30 per equity share of Rs 10 each.At the Rs 27-30 per share price band, the PE multiple works out in the range of 6.52 - 7.24, based on the year ended March 2007 EPS of Rs 4.15.
Posted by rupya at 12:50 PM
Stocks going Ex Dates on August 31st 2007
Posted by rupya at 10:23 AM
Dividend Announcement on August 30th 2007
Posted by rupya at 9:49 AM
Phoenix Mills joins hand with Shangri-La Hotels and Resorts
|
Phoenix Mills Ltd has informed the exchange that the Company through its wholly owned subsidiary (Pallazzio Hotels & Leisure Ltd) has signed a hotel management agreement with Shangri-La Hotels and Resorts to operate and manage their upcoming hotel at Lower Parel in Mumbai. |
Posted by rupya at 9:29 AM
August 30, 2007
Tata Consultancy Services signs a 574 Crore Deal with BSNL
Tata Consultancy Services is up by 10 rs which is mere 1 percent it might get some move tomorrow as it had announced it had won a mission-critical engagement with BSNL, the world’s 7th largest telecommunications Company and India's largest telecom player. The Engagement with BSNL is worthRs 574 Crore ($ 140 million) over a multi period.
Posted by rupya at 9:41 PM
Tata Consultancy Services signs a 574 Crore Deal with BSNL
Tata Consultancy Services is up by 10 rs which is mere 1 percent it might get some move tomorrow as it had announced it had won a mission-critical engagement with BSNL, the world’s 7th largest telecommunications Company and India's largest telecom player. The Engagement with BSNL is worthRs 574 Crore ($ 140 million) over a multi period.
Posted by rupya at 9:41 PM
DLF and Four Seasons Joins hand
|
DLF Ltd has informed the Bourses that DLF Hotels, the hospitality arm of the Company,that it has reached an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links, in Gurgaon.So this is second news on Hospitality after Gammon and Wyndham announced there collobaration. |
Posted by rupya at 9:32 PM
Sobha Developers gets order from Roots Corporation for supplying loose furniture
Sobha Developers Ltd has received the LOI from Roots Corporation Ltd., for supplying loose furniture (Bed, Table, chairs etc) and mattresses for their GINGER HOTELS in the country. The order will be completed in a phased manner over a period of 18 to 24 months.This is the first time im hearing that Sobha Developers are into supplying losse furnitures also , think if this is one of the growing market they might start with a retail store fo losse furniture.
So after going through thr website i found out that it has all these has various divisions.
>Sobha Interiors Division
>Sobha Glazing and Metal Works Division
>Sobha Concrete Products
>Sobha Projects & Trade Division
>Sobha Renaissance Information Technology
>S & T Group - Oman
>Indeset - UAE
>Gulf International Construction & Interiors Company (GICI) - Qatar
Posted by rupya at 9:26 PM
Parsvnath PRIDEASIA - Parsvnath Developers launches Parsvnath PRIDEASIA
Parsvnath Developers Ltd has announced the launch of Parsvnath PRIDEASIA, a strategically located project in Chandigarh. With a realization value of approximately USD 1 billion (Rs 4100 crore),The revenue from this project would be realized over a period of three years, including current financial year.
Spread over 123 acres, this project is one-of-its-kind and is an integral part of the Rajiv Gandhi Chandigarh Technology Park. Parsvnath PRIDEASIA is a joint venture between the Company and Chandigarh Housing Board. The project has a saleable residential area of 38.5 lakh sq.ft a commercial area of 2.7 lakh sq.ft and a club, sports centre and a water sports complex of 2 lakh sq.ft.
Posted by rupya at 9:20 PM
IT People - withdraws the Public issue FPO
IT People - which i was saying that will be extended because it was not fully subscribed, instead of extending they have taken a decision of withdrawing it .This is what they had given to the Bourses "Khandwala Securities Ltd & Religare Securities Ltd (Book Running Lead Managers (BRLM's)) for the Further Public Issue of the Company, have informed BSE that the Company has decided not to proceed with the issue, in terms of para 2 appearing on page no 112 of the Red Herring Prospectus".
Posted by rupya at 9:11 PM
Gammon India stocks up on news of alliance with Wyndham Hotel Group international
|
Gammon India Ltd has informed BSE that the Company has decided to venture into the hospitality sector through the 'HOTEL' business segment by forming an alliance with Wyndham Hotel Group international, Inc,(WYNDHAM) of the USA. |
Posted by rupya at 1:00 PM
Stocks Going Ex Dates on August 30th 2007
Posted by rupya at 10:48 AM
Dividend Announcement on August 29th 2007
Posted by rupya at 10:26 AM
Dow Jones gained almost 250 points - Asian Market also Rebounds
On Wednesday US Stocks rebounded sharply as investors, growing more positive of a chances for an interest rate cut, and was doing bargains after the previous session's huge tumble. The Dow Jones industrials gained almost 250 points.
Japanese shares rose sharply early Thursday, leading a broad rally in Asia, as exporters such as Honda Motor Co. and Sony Corp. recovered some lost ground from the previous day's decline as the yen slipped against the U.S. dollar.
On Wednesday on Wall Street,
The Dow Jones Industrial Average (DJI) surged 247 points, or 1.9%, to 13,289.
The S&P 500 index (SPX) rose 31 points to 1,463 and
The Nasdaq Composite (RIXF) added 62 points at 2,563.
Posted by rupya at 10:15 AM
August 29, 2007
Market gave a good come back , up by 73 points from down of 240 points
Sensex gave a solid recovery from day’s low when it opened, on retailers support and good stocks buying with short covering in derivatives market.When it opened it was sure signal of down market as a drop in US stocks overnight driven by credit concerns, US housing data and Consumers confidence numbers worried the market. So there was aglobal melt down but soon European market recovered which also can be one of the reason that indian market also recovered.
The BSE 30-share Sensex advanced 73 points or 0.53% to 14,998.56.It had opened lower at 14,651.49 and slipped further to hit a low of 14,592.11. At the day's low of 14,592.11, Sensex had declined 327.08 points for the day.
Posted by rupya at 5:04 PM
Tata Steel stocks get charged after it announced a good Q1 FY08 results
In Q1 FY08 it has reported a net profit of Rs 6338 crore versus Rs 1013.9 crore on YoY basis. During the corresponding quarters, its net sales were up at Rs 31154 crore versus Rs 5747.7 crore. Its OPM was at 15.74% versus 29.8% during the corresponding quarters, YoY.
Other Income :
It consists of extraordinary item of Rs 4121 crore on acturial gains due to increase in yield rates on bonds held by various pension Funds of Corus. In Q1, there was interest cost of Rs 892 crore versus Rs 55.36 crore, on YoY basis. Included interest charge of Rs 725 crore on loans taken for financing acquisition of Corus.
Posted by rupya at 4:59 PM
Eveready Industries sells 15 ACRE land to HDIL for 115 crore
Eveready Industries India Ltd has informed bourses today that they had entered into a Memorandum of Understanding (MOU) with Housing Development & Infrastructure Ltd, (HDIL) for the transfer and / or assignment of its right, title and interest under a lease for land at Navi Mumbai, for the residue unexpired period of the lease, subject to necessary clearances, approvals and such like requirements at a consideration of Rs 115,00,000. The Company is receiving an upfront payment of Rs 11,50,000 as earnest money for the same, on execution of the MOU.This will go to other income for Eveready Industries.
Posted by rupya at 4:53 PM
REI Agro up by 11 percent after news of demerger to REI Six Ten Retail
Rei Agro Ltd has considered the proposal to transfer the retail undertaking of the Company i.e. the Company's business, activities and operations pertaining to retail business of the Company as a going concern and by way of a demerger to REI Six Ten Retail Ltd ("RSTRL") in consideration for which RSTRL will issue shares and global depository receipts ("GDRs") to the shareholders and GDR holders, respectively, of the Company.
The Board of Directors of the Company also approved that pursuant to the scheme of demerger, the paid up capital of the Company shall be reduced by canceling a sum of Rs 4 from each paid up Equity share of Rs 10 each and thereafter consolidating 5 Equity Shares of Rs 6/- each of the Company into 3 Equity Shares of Rs 10/- each fully paid-up in the Company.Book closure of the same will be announced when its formalised.
Posted by rupya at 2:50 PM
Pritish Nandy Communications hits upper circuit on Deal of 100 Million $ Sholay Remake
Pritish Nandy Communications is quoting at Rs 83.85, up Rs 3.95, or 4.94%.The reason behind this Upper Circuit is that it had bagged $100 million franchisee to remake blockbuster hindi movie 'Sholay' from Sholay Media and Entertainment.
Posted by rupya at 2:36 PM
Ashok Leylan and Nissan join hands for LCV products
|
Ashok Leyland Ltd has announced that the Company has signed a Heads of Agreement with Nissan Motor Co. Ltd, Japan for development, manufacture and marketing of LCV products. |
Posted by rupya at 12:48 PM
Magnum Ventures IPO and IT People (India) FPO still below subscription Rate
Magnum Ventures IPO was subscribed 0.26 times on second day
IT People (India) FPO subscribed 0.35 times on second day
Both the IPO's might be extended as they might not be fully subscribed on the closing day.
Posted by rupya at 12:43 PM
World Market Crashes that will reflect on Indian Market too
Dow Jones Industrial Average crashed by 280 points, or 2.1%, at 13,041.8 on a report showing diminished consumer confidence and after minutes from an Aug. 7 Federal Reserve meeting diminished hopes that the central bank will reduce interest rates.This has reflected on Asian markets also Nikkei 225 index down by 2.5 percent or 400 points.
Posted by rupya at 8:54 AM
Consumer Confidence Down takes the US market also down
Posted by rupya at 8:49 AM
US Market down on the Second day - Us Home Price Fell 3.2 Percent
U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the research group said Tuesday.
At 1.40 EST
Dow 13,176.38 down by 145.75 (1.09%)
Nasdaq 2,529.04 down by 32.21 (1.26%)
Posted by rupya at 12:10 AM
Stocks going EX-Dates on August 30th 2007
Posted by rupya at 12:03 AM
August 28, 2007
Dividend Announcement for August 28th 2007
Posted by rupya at 10:57 PM
Federal-Mogul Goetze up by 10 percent on Rights Issue approval
Federal-Mogul Goetze (India) surged 9.21% to Rs 173.65 at 12:49 IST after company approved rights issue aggregating Rs 106.33 crore.
Right Issue Details
The board of directors has approved rights issue of 73.33 lakh equity shares of Rs 10 each at an issue price of Rs 145 per equity share (including a premium of Rs 135 per equity share) aggregating Rs 106.33 crore. The rights issue will be in the ratio of 29:100 (29 equity shares for every 100 equity shares held).
Posted by rupya at 3:51 PM
Modern Dairies hits upper circuit on announcement of Bonus Record Date
Modern Dairies hits upper circuit of Rs 95.05 on BSE after it announced record date for issue the bonus shares.It has announced a record date of October 1 for the proposed 1:1 Bonus shares.Modern Dairies produces dairy products like packed liquid milk, skimmed milk powder, whole milk powder, infant milk food, pure ghee and butter.
It came out with very good result.
Net profit rose 11150% to Rs 2.25 crore on
243.88% rise in sales to Rs 74.69 crore in Q1 June 2007 over Q1 June 2006.
Posted by rupya at 3:45 PM
Financial Technologies up by 10 percent
Financial Technologies which i hold stocks in was down from 3000 to 2000 and its on the low end for almost 1 month and suddenyl it hits 10 percent today and its at 2294 rs today.if this goes like previous run it might go till 2500 or 2700.
Disclaimer : I hold stocks of Financial technologies.
Posted by rupya at 3:35 PM
Market looks volatile after yesterdays Bull Run
The BSE Sensex opened 0.77 pts down at 14,841.61 while the NSE Nifty opened 0.20 pts down at 4,302.40.Market is trading in green on the back of some buying in metal, pharma and realty sectors.Bank stocks is still not that famous like yesterday.
Sensex is up by 27 points at 12.30
Posted by rupya at 12:49 PM
K P R Mill lists below the issue pirce
K P R Mill was trading at Rs 193 at 9:57 IST on the BSE, a discount of 14.40% over IPO price of Rs 225.K P R Mill reported a net profit of Rs 58.42 crore on sales of Rs 481.62 crore in the year ended March 2007
Posted by rupya at 11:48 AM
Hindustan Motors spurted up by 15 percent
Hindustan Motors spurted up by 15 percent after the company released info saying its planning to launch premium sports utility vehicles (SUVs) in the price range of Rs 15-25 lakh from the Mitsubishi stable within six months. The cars will be manufactured at HM’s Chennai plant.
Posted by rupya at 11:39 AM
August 27, 2007
Take Solutions gives 27 percent Listing Gains
Listing Info
Take Solutions closed at Rs 926.50 on the BSE, a premium of 26.91% over the IPO price of Rs 730.The stock had opened at BSE at Rs 876, a premium of 20% over the IPO price and touched a high of Rs 943.30 and a low of Rs 839.15.
PE work out
At today's closing price of Rs 926.50, PE stands at 35.09, as per the year ended March 2007 EPS of 26.4.Take Solutions reported a net profit of Rs 31.71 crore on an operating revenue of Rs 182.16 crore in the year ended March 2007.
Posted by rupya at 8:25 PM
Magnum Ventures Limited IPO : Magnum Ventures Limited IPO opened today for Subscription
Magnum Ventures Limited IPO Details:
Symbol - Series MVL EQ
Issue Period August 27, 2007 to August 30, 2007 Issue Size 17640750 Equity Shares
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs.27/- to Rs.30/-
Tick Size Re. 1/-
Market Lot 200 shares
Minimum Order Quantity 200 shares
Posted by rupya at 8:15 PM
IT People IPO : IT people IPO opened today with Dull response
Symbol - Series IT EQ
Issue Period August 27, 2007 to August 31, 2007
Issue Size (.) Equity Shares aggregating Rs. 4525 lakhs
Issue Type 100% Book Building
Face Value Rs. 2/-
Price Range Rs.30/- to Rs.32/-
Tick Size Re. 1/-
Market Lot 200 Equity Shares
Minimum Order Quantity 200 Equity Shares
Think this might extend the ipo date to another week or so as it would not get fully subscribed within the Issue Period.
Posted by rupya at 8:07 PM
Sensex raises by 414 points responding in tune with Global Cues.
Indices were almost three per cent higher as the sessionclosetodayse. Banking shares continued to lead the rally, followed by real estate and consumer durables.The benchmark BSE 30-share Sensex crossed the 14,850 level end of trade. The volume and the Turnover seemed to be dull today according to experts.Some might say that the rally today is to repsond to US rally that happened friday and also as the derivatives expiry is happening they might do some short covering .
The Support was from this 3 main sectors.
>BSE Bankex (up 4.74%),
>BSE Consumer Durables (up 4.34%), and
>BSE Realty (up 5.57%) ..
Posted by rupya at 5:13 PM
Parsvnath Developers wins BEST Project
Parsvnath Developers Limited rose 2.4 percent to Rs 286.60 on winning a project from BEST, Mumbai, to develop a plot of land at Mahim Bus Station, for commercial and residential utilisation along with remodeling of existing bus station.
The project would give the Company a developable area of 40,000 sq ft with a realizable value of approximately Rs 70 crore. This project is in addition to a project bagged from BEST, Mumbai for re-development into a modern bus terminus at Kurla along with modern passenger facilities and a commercial shopping complex.
Posted by rupya at 5:09 PM
McNally Bharat Engineering up by 10 percent on order win
McNally Bharat Engineering Company was up 8.89% to Rs 193 after it received an order worth Rs 89.86 crore from Mazagaon Dock for a Goliath Crane.
Posted by rupya at 5:02 PM
Take Solutions lists at 901 and trading now at 850
>Take Solutions lists at 901 and trading now at 850
News Snippets.
>Take Solutions expects EPS of Rs 47-48 for FY08.
>Revenue for FY 08 is expected at Rs 320-330 crore.
>FY09 Profit is seen at Rs 85-90 crore.
>Their Lifesciences business contributes to 46% of revenue and Supply Chain business to 49%.
Posted by rupya at 11:19 AM
August 26, 2007
Sita Shree Food Products IPO : Sita Shree Food Products IPO files for DRHP with SEBI
|
Sita Shree Food Products Ltd. is a well established and consistently growing group of most deliverd people and professionals who believe in quality venturing & consumer satisfaction. |
Posted by rupya at 12:55 PM
Rural Electrification Corporation IPO - Rural Electrification Corporation IPO files for DRHP with SEBI
Rural Electrification Corporation (REC), was incorporated on July 25, 1969 under the Companies Act 1956. REC is a wholly owned Government of India Public Sector Enterprise with a net worth of Rs. 3779 Crore. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.
What it Does ?
REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.
This IPO would be quiet Intresting when it comes out , it depends on how much they are going to price the IPO.
Posted by rupya at 12:43 PM
Somi Conveyor Beltings IPO : Somi Conveyor Beltings IPO files for DRHP with SEBI
Somi Conveyor Beltings Limited is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries. Belt construction and belt materials are often application-specific.
About Company
M/S SOMI Conveyor Beltings Ltd., was established in the year 2000 at Jodhpur. Inspired by overwhelming response from its valued customers, the company completed its first expansion in the year 2003 increasing its production capacity from 72000 square meters to 2 Lakh square meters per annum. As Company’s clientele base is ever expanding and demand for larger widths ranging up to 2000 mm is mounting, it has become inevitable necessity to go for yet second expansion. The Company has completed all necessary ground work and is now totally poised and geared up to accomplish its second expansion without any possible delay.
Clients
The Company has a very long list of satisfied customers, notable among them are ACC, Aditya Birla Group of Companies, L&T, Essar Steel, TATAs, Ambuja Group etc. in private sector favouring the Company with their repeat orders. Recently, SOMI CONVEYOR BELTINGS LTD. bagged an order of about Rs. 1 Crore for 4800 Meters belt length from M/s APGENCO, a prestigious Power Project of Andhra Pradesh. Entire lot of belts has been supplied well in advance and in a single lot.
Posted by rupya at 12:29 PM
Power Grid Corporation IPO : Power Grid Corporation IPO opens on September 13th 2007
|
About Power Grid Corporation of India : Establishment and operation of Regional and National Power Grids to facilitate transfer of electric power within and across the regions with Reliability, Security and Economy, on sound commercial principles. |
Posted by rupya at 12:23 AM
Puravankara Projects IPO : Puravankara Projects Limited IPO listing
IPO Listing Date : Thursday, August 30, 2007
BSE Script Code : 532891
NSE Symbol : PURVA
Issue Price : Rs 400/- Per Equity Share
Posted by rupya at 12:19 AM
August 25, 2007
Company going EX Dividend and Ex Bonus on August 28th 2007
Posted by rupya at 4:28 PM
Dividend Announcement for August 25th 2007
Posted by rupya at 4: