| HOT STOCKS (24/12/2006) | ||||||||||||||||||||||||||||||||||||
| Newsletter dated 24/12/2006 (10paisa.com) | ||||||||||||||||||||||||||||||||||||
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| Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. |
| HOT STOCKS (24/12/2006) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Newsletter dated 24/12/2006 (midcaps.in) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. 1. FORTHCOMING I.P.O.'s :-
Rating:- *** Very Good ** Good * Normal 2. SECTORS TO WATCH :-
18/12/2006 Garware Wall Ropes to reclassify un-issued preference shares Garware Wall Ropes' members, at the extraordinary general meeting (EGM) held on 16 December 2006, have passed reclassification of un-issued 30 lakh preference shares of Rs 100 each, into 3 crore equity shares of Rs 10.Members have also approved raising $10 million by way of ADR / GDR / FCCBs on private placement basis.Members also agreed to allot up to 27.46 lakh convertible warrants to various entities named by promoters and issue up to 9.98 lakh convertible warrants to GWRL- managerial staff welfare trust, both convertible into equity shares of Rs 10 each at a premium of Rs 55.50 , on a preferential basis. 18/12/2006 At the meeting held on 15 December 2006, Genesys International Corporation' 19/12/2006 Ashok Leyland has signed an agreement with Brehon Energy Plc of Australia for technology for the use of hythane gas in CNG engines. The agreement would enable Ashok Leyland to offer its 6-cylinder `H' series engines to operate on Hythane, which is a blend of hydrogen and natural gas. Hythane is a cleaner fuel than natural gas. Currently, Ashok Leyland produces Bharat Stage-III-compliant diesel and CNG engines. The re-engineered engines using Hythane will meet the most stringent emission norms of BS-4, says a press release from the company. 19/12/2006 Cyprus-based Essar Shipping & Logistics Ltd (ESLL) is all set to acquire of on-shore and offshore oil drilling rigs from two pubilcly listed companies in Oslo and the US.The deal is expected to be around $400 mn, and will be done through ESLL's wholly owned subsidiary Essar Oilfields Services Limited (EOSL).Sanjay Mehta, managing director of ESLL, said the deals would be completed be-fore the year-end. We see a lot of prospects for oil exploration and production (E&P) activities as the crdue prices remain high. All E&P players will need off-shore assets, said Mr Mehta.EOSL has been formed to focus on international and Indian onshore and offshore oil and gas drilling businesses. Its investment plan includes acquisition of a diver-sified fleet of rigs, for in land as well as offshore drilling rigs.EOSL, whose opera-tions are run out of its office in Dubai, UAE, will be employing the rigs for Essar's E&P activity as well as contract drilling for third parties. Essar was the first Indian company to offer contract drilling services in 1985 both for onshore as well as offshore E&P activity. Essar had sold off the division, then part of Essar Oil, to Abu Dhabi-based Al-Jabbar.Essar Shipping & Logistics Limited (ESLL) is apart of Essar Global Ltd, an inter-national conglomerate operating in six business areas --steel, oil & gas, power, telecom and BPO, shipping and construction, with a cumulative asset base of $6 billion. 19/12/2006 At the board meeting held on 30 November 2006, Govind Rubber allotted 1,31,369 equity shares to IDBI and IFCI.The said allotment has been made as apart of corporate debt restructuring as approved by the CDR Cell in October 2005. 19/12/2006 At the meeting held on 18 December 2006, Mangalam Drugs & Organics' board has decided to increase the authorised share capital to Rs 20 crore.The company had decided to obtain members' approval for the above matter through a postal ballot. 19/12/2006 Mid-day Multimedia's extraordinary general meeting (EGM) will be held on 8 January 2007, to increase the authorised share capital to Rs 60 crore, divided into an equity capital of Rs 55 crore consisting of 5.50 crore equity shares of Rs 10 each, and convertible or non-convertible preference share capital of Rs 5 crore, divided into 50 lakh preference shares of Rs 10 each.Members will also allot equity shares and warrants, entitling holders to convert them into equity shares on a preferential allotment basis, to different entities.The EGM will also consider an of 3 lakh stock options, in addition to 7 lakh stock options already issued, taking the total number of stock options to be issued under the scheme to 10 lakh and to revise maximum number of options to be granted per employee in any level to 60, 000.Further, the EGM will also consider allotment of 8 lakh equity shares to the trust in one tranch and necessary alteration in the existing clauses of Employees Stock Options Scheme, 2005, subject to necessary provisions and approvals. 19/12/2006 SKS Ship's extraordinary general meeting (EGM) will be held on 9 January 2007, to consider the change of name of from SKS Ship to SKS Logistics.EGM will also consider increasing the remuneration of Walter Gonsalves, a director, with effect form 1 October 2006. 19/12/2006 Varun Shipping Company has acquired its twelfth LPG carrier, Maharshi Vamadeva, on 18 December 2006. This will be the largest LPG carrier in the Indian fleet, with a capacity of 57,206 cbm.The vessel was financed partly out of its own resources and rest out of long-term loan from State Bank of India. 20/12/2006 Ind Swift Ltd has informed BSE that the Company has been awarded Certification for Quality Management System which complies with ISO 9001:2000 requirements. 20/12/2006 The Dhampur Sugar Mills Ltd has informed the Exchange that 'the new Greenfield sugar mill of the company at Rajpura, Distt. Badaun, U.P., has got delayed by around one month due to a section of the boiler plant getting damaged during trial operations'. Welspun Syntex's extraordinary general meeting (EGM) will be held on 12 January 2007, to consider a reduction in the paid-up share capital by cancellation of Rs 7.50 of every equity share of Rs 10 each, and thereafter, uniting four equity shares of Rs 2.50 each into an equity share of Rs 10, resulting in reducing the share capital to Rs 23,64,50,270 consisting of 2,36,45,027 equity shares of Rs 10 each. 21/12/2006 Banswara Syntex's board will meet on 28 December 2006, to consider and approve the process of forfeiture of partly paid-up equity shares. 21/12/2006 Hyderabad-based Four Soft, a transport and logistics software technology company, has acquired Denmark-based Transaxiom Holding for a consideration of about $10 million in a cash cum stock deal.The company is also planning to set up a BPO centre in Hyderabad at an investment of $1 million by April next year. Addressing reporters on Wednesday, Mr Srikanth Palem, CEO of Four Soft said, while 60% would be paid in cash, 40% would be in stocks over the next three years, based on performance. 21/12/2006 Gujarat Sidhee Cement's extraordinary general meeting (EGM) will be held on 9 January 2007, to consider an increase in the authorised share capital to Rs 500 crore, divided into 50 crore equity shares of Rs 10 each. 21/12/2006 Malu Paper Mills has commissioned the expansion of installed capacity of its kraft paper Unit by 80% to 14850 TPA. The project has been funded through internal accruals. 21/12/2006 Simbhaoli Sugars Ltd has informed BSE that in the limited review report of the company for the quarter ended September 30, 2006, the auditorsof the company have made the following observations: 1. As in the past, the Company has deferred off-season expenditure aggregating Rs 2271.68 lacs based on 'Integral approach' for inclusion in the cost of sugar to be produced in the ensuing sugar season by netting off such expenditure from '(Increase)/ 21/12/2006 On 20 December 2006, Welspun-Gujarat Stahl Rohren has announced signing an agreement for a joint venture with Lone Star Technologies (USA) for manufacturing spiral, welded, tubular products for oil and gas applications in North America. The new facility will be located in the southwest USA.Under the agreement, Lone Star and Welspun Pipe will each acquire 40% and 60% stake, respectively, in a newly formed venture. The JV will be funded with an aggregate amount of Rs 300 crore in equity and debt. As per the terms of the agreement, the JV will establish a new manufacturing facility for producing 3 lakh net tonnes of spiral-welded pipes in the 24' to 60' (outside diameter). The new facility is expected to come online by early-March 2008.
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