| Newsletter dated 07/01/2007 (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. |
| Newsletter dated 07/01/2007 (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 :-
27/12/2006 Simbhaoli Sugars Limited Simbhaoli Sugars Limited has informed the Exchange that: 'The Company has passed a special resolution through postal ballot in relation to give guarantees / provide securities in connection with loans made by any other person to, or to any other person by, the bodies corporate including banks/financial institutions upto a limit not exceeding Rs. 250 crores in aggregate at any time'. 02/01/2007 Eskay K'nIT India's board, at a meeting held on 30 December 2006, has considered and approved setting up retail stores and hypermarkets for multiple products all across India, having a separate brand name for the hyper-markets. 02/01/2007 Jayant Agro Organics Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 30, 2006 have accorded their approval for issue of 24,00,000 convertible warrants of Rs 65/- each (face value Rs 5/- + premium Rs 60/?), into one Equity Shares on preferential basis, to select investor and to the promoters of the Company. 02/01/2007 Radha Madhav Corporation' 03/01/2007 Amrit Banaspati's shareholders and unsecured creditors at the meeting held on 27 December 2006, have approved the scheme of arrangement which provides for de-merger of paper business of the company to ABC Paper, transfer of edible oil brands (excluding Gagan) of the company to Amrit Enterprises and de-merger of edible oil business of the company to Amrit Enterprises, pursuant to approval of the High Court of Allahabad, High Court of Punjab & Haryana at Chandigarh and High Court of Delhi, New Delhi. 03/01/2007 Datamatics Technologies, India's leading non-voice BPO service provider, was ranked third globally amongst global document process outsourcing (DPO) providers in Brown-Wilson Group's prestigious annual survey of outsourcing service providers. Datamatics was placed just behind the combined R.R. Donnelley/ OfficeTiger/ Astron organization and Integreon.Results published in Brown-Wilson Group's 2006 'Black Book of Outsourcing' survey were compiled using information solicited from more than 100,000 global outsourcing users, decision-makers, analysts, employees, and customers; nearly 900 outsourcing providers of various service offerings were graded and analyzed by survey respondents. 03/01/2007
GEI Hamon Industries received an order worth Rs 23 crore from Jaypee Associates for three sets of air-cooled steam condensers ranging from 22Mw to 38Mw.This is a prestigious order from Jaypee Associates, for their upcoming cement plant project. 03/01/2007 The recently listed GTL Infrastructure, which was demerged from GTL, is raising Rs 340 crore by a 1:1 rights issue at par to fund its Rs 2,100 crore infrastructure expansion plan. At present, the telecom tower company has funds of Rs 1,034 crore in a debt-equity ratio of 2.15:1, which will be maintained in future. It plans to put up 400 towers a month till the end of FY08, when it expects to have 6,700 towers. For a company that has come into existence a few months ago, this will be phenomenal growth from the current 200-odd towers. But the 50 per cent-plus annual growth rate in the mobile telephony market is a key reason for the aggressive plans. No wonder then that other players such as Quipo Telecom Infrastructure, Telecom Tower and Infrastructure (an Essar group company) and TVS ICS are investing in the business too. That mobile phone companies are expanding in Class B and Class C towns, which is where GIL's towers will come up, suggests a large enough pie for every tower company to corner. Capex plans of carriers are estimated at Rs 27,000 crore by FY08, a part of which will fund over 100,000 towers that they will need as part of their roll-out programmes. It is not just the physical infrastructure but also the maintenance and running costs that keeps the cash flow (monthly rentals) rolling in for tower companies such as GTL Infrastructure. Analysts estimate that the company will touch revenues of Rs 70 crore in FY07 and about Rs 200 crore in FY08. Owing to a shortage of towers and in a bid to reduce costs, mobile operators are already sharing towers. If GTL Infrastructure can house more than one company on each tower, its margins will get better. It expects each tower to earn an operating margin of about 45 per cent if it has one customer, which will go up to 60 per cent if the number of operators on that tower increases to three. 03/01/2007 IFCI clarified that the board are contemplating various options for future of the company.However, there is no specific proposal under consideration. 03/01/2007 MSK Projects India has received orders worth Rs 100.61 crore, which includes civil and structural work worth Rs 72.75 crore for off-sites and units under GFEC project at the Mumbai refinery of Hindustan Petroleum Corporation (HPCL).The other civil contract worth Rs 278.59 lakh is for the argon refinery plant at Hazira, Surat, for Kribhco. 04/01/2007 The board for industrial and financial reconstruction (BIFR) has declared Balaji Distilleries as sick in terms of Sick Industrial Companies (Special Provisions) Act, 1985 vide its order dated 28 December 2006.The BIFR has appointed IDBI as operating agency to prepare a viability study report and revival scheme for the company. 04/01/2007 BSEL Infrastructure Realty in a 50:50 joint venture (JV) with Unity Infraprojects has been awarded a project for constructing a hotel on a BOT basis at Shivchhatrapati Sports Complex, Balewadi, Pune.The land allotted to the JV is 6 acres at the bid amount of Rs 156 crore; the project is expected to commence in January 2007 and will be completed within 16 months. 04/01/2007 Chemplast Sanmar, a leading manufacturer of PVC and caustic soda, is investing an additional Rs 100 crore for achieving zero discharge of effluents and adopting environment friendly membrane cell based process. It had invested Rs 50 crore in the last four years towards environment management.A company press release said it has taken a pioneering step to instal an effluent treatment process that would help its plant at Mettur achieve the status of zero discharge of effluents. The Rs 26 crore project involving an annual recurring expenditure of Rs 4 crore will be completed by October 2007.It has finalised an order with the US MNC, which has presence in India, for supply of an advanced reverse osmosis treatment plant, evaporator and crystalliser. It will the first company in the country to apply this technology in the chemical industry to achieve zero discharge of effluents, it claimed.The project has the added advantage of water conservation. The entire quantity of treated effluent water of around 2000 kl per day ( kld) arising in both PVC and chloro-chemical plants, will be fully recycled and reused in the process.The company is also investing Rs 75 crore to convert the production process of caustic soda at its Mettur facility from mercury cell based to membrane cell based process.Though not required statutorily, it has taken the initiative well ahead of time to implement the process which is likely to be completed by May 2007. The project involving recurring expense, will lead to significant cut in energy use to the tune of 930 kw per tonne of caustic soda produced.Chemplast has another caustic soda\chlorine plant at Karaikal in Pondicherry and the effluent treatment and reverse osmosis process there are already of international standards. It has also commissioned a seawater desalination plant thus eliminating dependence on ground water.It is implementing a greenfield PVC project of 1.7 lakh tonnes at Cuddalore with an investment of Rs 450 crore. 04/01/2007 Cubex Tubings has received order worth $ 60 million from National Thermal Power Corporation under competitive bidding for manufacture and supply of seamless condenser tubes. 04/01/2007 Dena Bank has informed the Exchange on January 03,2007 that: 'The Bank has today launched 'DENA GRIHASWAMI SURAKSHA YOJANA', a Group Mortgage Redemption Assurance Scheme for its housing loan borrowers with a tie up with Life Insurance Corporation of India. All housing loan borrowers including staff housing loan borrowers of Dena Bank in the age group of 18-60 would be eligible to join the 'Dena Grihaswami Suraksha Yojana'. Highlight of the scheme is Life Insurance Cover up to maximum of Rs.1.00 crore on payment of single premium, for the entire term of loan'. 05/01/2007 Dabur Pharma has launched Nanoxel-a new drug delivery system for the widely used anti-cancer drug Paclitaxel. Nanoxel is India's first indigenously developed nanotechnology based chemotherapy agent.The anticancer drug Nanoxel, is based on the principles of nanotechnology, is a cremophor free water soluble formulation- 05/01/2007 S.Kumars Nationwide's board will meet on 12 January 2007, to approve the quarterly ended results and to examine the proposal for the de-merger of the retail business. 05/01/2007 Videocon Industries is ready to accept a smaller reduction in price to buy South Korean appliance and TV maker Daewoo Electronics than it sought originally.Daewoo' 6. MUTUAL FUND'S SCHEME :-
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