Sensex

Monday, April 30, 2007

$$ DreamGains !! $$ FW: Daily Newsletter !



-----Original Message-----
From: Capital Market [mailto:cmnews@news.capitalmarket.com]
Sent: Monday, April 30, 2007 11:00 PM
To: justrohit@gmail.com
Subject: Daily Newsletter !

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capitalmarket.com Daily Newsletter [Monday, April 30, 2007]
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Stocks - Daily Review

Sensex ends in the red, Nifty in the green
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fstory1-6.asp
%3fsno%3d160705

Market Watch

Gainers - Group A, B1, B2
Losers - Group A, B1, B2
Highs and Lows
Monthly Movers
Advances & Declines
Daily Movers 1 Week, 2 weeks
Volume Toppers
http://www.capitalmarket.com/ns.asp?SH=quotes&St=MainQuotes.htm

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Hot Pursuit

RCL atop volumes' chart
RCCL top-traded on BSE
Dredging Corp most sought from 'A' group Breadth ends green Bata jumps as Q1
net profit surges Polaris Software overturns Castrol springs on Q1
score-card RCL bounces on blockbuster Q4 results Vijaya Bank up on
turnaround CESC firms up on earnings growth Breadth going strong on BSE HLL
drops on Q1 numbers IFCI pumped up by block deals Nucleus Software advances
on lavish bonus issue Twilight Litaka glitters on inaugurating facility
Bharati Shipyard pares gains Micro Inks jumps on fiscal performance Crisil
rides on results' wave Sakthi Sugars upbeat on US buy Double trouble for
ICICI Bank
http://www.capitalmarket.com/ns.asp?SH=hotpursuit&St=cmedit%2fList2-0.asp

Market Commentary

RCL futures most active
US Market registers fourth straight week of gains US Market overcomes report
on weak GDP
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList1-8.asp

Market Beat

RBI bars fresh FII buying in Sesa Goa without its prior approval FIIs turn
sellers Record date for Shivalik Bimetal Controls second interim dividend is
02 May 2007
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList4-15.asp

Mutual Funds

Mutual funds turn sellers
DSP ML Equity Fund outperforms the category average over all time periods
Sundaram BNP Paribas Tax Saver (G) buys Oriental Bank of Commerce, Great
Offshore, Hindustan Lever, UTI HDFC MF files offer document Canbank MF
declares Dividend
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList10-22.as
p

Other Markets

Gold drifting lower on sliding crude oil price Rupee rebounds & pares losses
Call money remain stable Call money strengthens Rupee eases further Crude
rises on geo-political tension
http://www.capitalmarket.com/ns.asp?SH=marketnews&St=cmedit%2fList13-118.a
sp

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Latest Results Analysis
Raymond : Looses shine due to demerger of denim Hindustan Lever : Earnings
growth below expectations Bharat Electronics : Ends the year on a positive
note Patel Engineering : Consolidated net up 53% Deccan Chronicle : Expects
EPS of Rs 11 to Rs 12 in FY 2008 Ingersoll-Rand (India) : Margins under
pressure ICICI Bank : Higher provision drags bottomline, announces Rs 20000
crore fund raising Pantaloon Retail India : NP growth only 15%!
Steelcast : OPM takes a hit
Mahindra Gesco Developers : Turns red temporarily Jubilant Organosys :
Healthy growth in topline and Bottmline Hindustan Construction : Withdrawal
of Section- 80IA benefits affects the
Q4
Lanxess ABS : Q1 bottomline doubles
HCL Infosystems : Poor show on revenue front Adlabs Films : Film production
and distribution drives growth

Corporate Results
Television Eighteen India net profit rises 39.69% in the March 2007 quarter
Amtek India net profit zooms 96.77% in the March 2007 quarter Manugraph
India net profit declines 22.36% in the March 2007 quarter XL Telecom
reports net profit of Rs 5.80 crore in the March 2007 quarter Bayer
Diagnostics India net profit rises 12.16% in the March 2007 quarter
Ahmednagar Forgings net profit rises 86.31% in the March 2007 quarter
Pochiraju Industries reports net profit of Rs 2.25 crore in the March 2007
quarter Nexxoft Infotel reports net profit of Rs 1.05 crore in the March
2007 quarter Rapicut Carbides net profit remains stable at Rs 0.15 crore in
the March
2007 quarter
Procter & Gamble Hygiene and Health Care net profit declines 19.33% in the
March 2007 quarter Gillette India reports net profit of Rs 28.81 crore in
the March 2007 quarter Micro Forge (India) net profit zooms 2216.67% in the
March 2007 quarter Banas Finance reports net loss of Rs 0.01 crore in the
March 2007 quarter Denisons Hydraulics India net profit rises 83.49% in the
March 2007 quarter Empee Sugars & Chemicals net profit dips 69.25% in the
March 2007 quarter Blue Coast Hotels & Resorts net profit rises 47.38% in
the March 2007 quarter Geometric Software Solutions net profit down 3.85% in
the March 2007 quarter B & A Multiwall Packaging reports net loss of Rs 0.03
crore in the March
2007 quarter
EMA India reports net profit of Rs 0.20 crore Redington India reports net
profit of Rs 15.45 crore in the March 2007 quarter Veer Energy &
Infrastructure reports net profit of Rs 0.20 crore in the March 2007 quarter
Morgan Ventures net profit declines 94.25% in the March 2007 quarter Indo
Amines net profit rises 16.35% in the year ended March 2007 Suraj Vanaspati
reports net loss of Rs 1.81 crore in the March 2007 quarter Cat Technologies
net profit declines 31.96% in the March 2007 quarter Gujarat Mineral
Development Corporation net profit zooms 140.72% in the March 2007 quarter
Vishvprabha Trading reports no profit in the March 2007 quarter Enkei
Castalloy net profit zooms 162.31% in the March 2007 quarter Choksi
Laboratories net profit dips 77.27% in the March 2007 quarter W S Industries
(India) net profit zooms 114.42% in the March 2007 quarter Maxwell
Industries net profit dips 58.17% in the March 2007 quarter SM Dyechem
reports net loss of Rs 3.52 crore in the March 2007 quarter Trishakti
Electronics & Industries reports net loss of Rs 0.38 cr in the March 2007
quarter UCO Bank reports net profit of Rs 30.94 crore in the March 2007
quarter Global Broadcast News reports net profit of Rs 2.78 crore in the
March
2007 quarter
Market Creators net profit declines 77.50% in the March 2007 quarter PNB
Gilts reports net loss of Rs 10.23 crore in the March 2007 quarter ICSA
(India) net profit zooms 171.66% in the March 2007 quarter K E W Industries
reports net profit of Rs 0.34 crore in the March 2007 quarter Sterlite
Optical Technologies net profit declines 13.75% in the March 2007 quarter
Associated Alcohols & Breweries net profit rises 1907.69% in the March
2007 quarter
Network 18 Fincap reports net loss of Rs 1.40 crore in the March 2007
quarter Sword & Shield Pharma reports net loss of Rs 0.01 crore in the March
2007 quarter Fertilizers & Chemicals Travancore reports net loss of Rs 20.81
crore in the March 2007 quarter Gujarat Gas Company net profit rises 84.02%
in the March 2007 quarter Bharat Electronics net profit rises 27.13% in the
March 2007 quarter Alstom Projects India net profit rises 75.73% in the
March 2007 quarter Triveni Engineering and Industries net profit dips 86.20%
in the March
2007 quarter
Oricon Enterprises net profit dips 37.65% in the March 2007 quarter Integra
Hindustan Control net profit rises 65.38% in the March 2007 quarter H S
India reports net profit of Rs 1.70 crore in the March 2007 quarter Pondy
Oxides & Chemicals net profit rises 654.55% in the March 2007 quarter Muller
& Phipps (India) reports net profit of Rs 0.55 crore in the March
2007 quarter
Nestle India net profit rises 22.39% in the March 2007 quarter Pan
Electronics (India) reports net loss of Rs 2.71 crore in the March
2007 quarter
Shilp Gravures net profit rises 63.64% in the March 2007 quarter Jasch
Industries net profit rises 25.00% in the March 2007 quarter Viceroy Hotels
net profit rises 242.00% in the March 2007 quarter Atlas Copco (India) net
profit rises 1.75% in the March 2007 quarter Continental Controls reports
net loss of Rs 0.12 crore in the March 2007 quarter Kedia Infotech reports
net loss of Rs 0.26 crore in the March 2007 quarter Hind Industries net
profit rises 91.43% in the March 2007 quarter State Bank of Patiala net
profit rises 20.92% in the year ended March 2007 Megasoft net profit rises
2990.00% in the March 2007 quarter Jhaveri Flexo India net profit rises
2450.00% in the March 2007 quarter Sree Akkamamba Textiles net profit dips
62.35% in the March 2007 quarter Ramaraju Surgical Cotton Mills net profit
dips 39.47% in the March 2007 quarter Stone India net profit dips 13.44% in
the March 2007 quarter United Bank of India net profit rises 21.58% in the
March 2007 quarter Automobile Corporation Of Goa net profit rises 2.44% in
the March 2007 quarter JSW Steel net profit rises 0.63% in the March 2007
quarter Raipur Alloys & Steel net profit dips 68.32% in the March 2007
quarter IOL Broadband net profit rises 175.86% in the March 2007 quarter
Reliance Communication net profit rises 4427.03% in the March 2007 quarter
Shah Foods net profit dips 77.78% in the March 2007 quarter Raghava Estates
reports net profit of Rs 1.34 crore in the March 2007 quarter Regency
Ceramics reports net loss of Rs 1.73 crore in the March 2007 quarter United
Spirits net profit rises 202.03% in the March 2007 quarter SMS
Pharmaceuticals reports net profit of Rs 4.89 crore in the March 2007
quarter Fomento Resorts & Hotels net profit rises 72.26% in the March 2007
quarter Andhra Bank net profit rises 0.13% in the March 2007 quarter Sesa
Goa net profit rises 31.42% in the March 2007 quarter Devaki Hospital
reports net profit of Rs 0.37 crore in the March 2007 quarter Castrol India
net profit rises 29.18% in the March 2007 quarter Vikram Thermo (India) net
profit rises 126.67% in the March 2007 quarter CESC net profit rises 38.64%
in the March 2007 quarter Vijaya Bank reports net profit of Rs 63.65 crore
in the March 2007 quarter Lokesh Machines reports net profit of Rs 4.13
crore in the March 2007 quarter Sumeet Industries reports net profit of Rs
0.93 crore in the March 2007 quarter A.K.Capital Services net profit rises
35.59% in the March 2007 quarter Usher Agro reports net profit of Rs 1.39
crore in the March 2007 quarter Nectar Lifescience net profit rises 42.69%
in the March 2007 quarter Kirloskar Ferrous Industries net profit rises
78.55% in the March 2007 quarter Chamatkar.net (India) net profit rises
441.67% in the March 2007 quarter Malar Hospitals net profit dips 87.69% in
the March 2007 quarter Deepak Spinners reports net loss of Rs 1.34 crore in
the March 2007 quarter La Mere Apparels reports net profit of Rs 0.01 crore
in the March 2007 quarter Nettlinx reports net profit of Rs 0.54 crore in
the March 2007 quarter Taparia Tools net profit rises 51.61% in the March
2007 quarter Hydro S&S Industries net profit dips 7.34% in the March 2007
quarter Bank of Maharashtra reports net profit of Rs 75.27 crore in the
March 2007 quarter Unique Organics net profit rises 42.86% in the March 2007
quarter Deltron net profit rises 16.67% in the March 2007 quarter
Priyadarshini Spinning Mills net profit dips 42.27% in the March 2007
quarter Indag Rubber reports net profit of Rs 1.61 crore in the March 2007
quarter SNL Bearings net profit rises 100.00% in the March 2007 quarter
Hindustan Lever net profit dips 11.28% in the March 2007 quarter Shree
Benzophen Industries reports net loss of Rs 0.60 crore in the March
2007 quarter
Fiberweb (India) reports net loss of Rs 0.66 crore in the March 2007 quarter
Rajapalayam Mills net profit rises 85.93% in the March 2007 quarter Noida
Toll Bridge Company net profit dips 64.71% in the March 2007 quarter Nitco
Tiles net profit rises 71.49% in the March 2007 quarter Astra Microwave
Products net profit dips 23.39% in the year ended March
2007
Granules India net profit rises 2.15% in the March 2007 quarter Mudra
Lifestyle reports net profit of Rs 6.04 crore in the March 2007 quarter
Standard Industries reports net loss of Rs 7.97 crore in the March 2007
quarter TCI Finance net profit remains constant at Rs 0.01 crore in the
March 2007 quarter Arcee Industries reports net loss of Rs 0.06 crore in the
March 2007 quarter Surya Pharmaceutical net profit rises 34.82% in the March
2007 quarter Mawana Sugars reports net loss of Rs 6.40 crore in the March
2007 quarter FCI OEN Connectors net profit rises 10.24% in the March 2007
quarter Patel Engineering net profit rises 59.92% in the March 2007 quarter
Nucleus Software Exports net profit rises 42.61% in the March 2007 quarter
Assam Company reports net loss of Rs 17.80 crore in the March 2007 quarter
Mindtree Consulting reports net profit of Rs 24.54 crore in the March 2007
quarter Uflex net profit rises 171.88% in the March 2007 quarter R Systems
International net profit rises 32.60% in the March 2007 quarter Nova Iron &
Steel reports net loss of Rs 59.16 crore in the March 2007 quarter Bata
India net profit rises 14.51% in the March 2007 quarter Elgi Equipments net
profit rises 32.27% in the March 2007 quarter B S Refrigerators reports net
loss of Rs 9.29 crore in the March 2007 quarter XL Telecom reports net
profit of Rs 5.80 crore in the March 2007 quarter Navneet Publications
(India) net profit dips 12.50% in the March 2007 quarter Nuchem reports net
loss of Rs 1.21 crore in the March 2007 quarter State Bank of Hyderabad net
profit rises 18.37% in the year ended March
2007
State Bank of Saurashtra net profit rises 45.44% in the year ended March
2007
Ind Bank Housing reports net profit of Rs 0.36 crore in the March 2007
quarter Indian Railway Finance Corporation net profit rises 18.93% in the
March
2007 quarter
Velan Hotels net profit dips 7.58% in the March 2007 quarter Indbank
Merchant Banking Services net profit rises 931.11% in the March
2007 quarter
PTC India net profit dips 17.02% in the March 2007 quarter

Analyst Meet / AGM
Great Offshore
Subex Azure
Balrampur Chini Mills
Jubilant Organosys

Market Capitalisation
Top 50 Companies, Industrial houses, Industries and Top 25 'A', 'B1','B2'
group companies for the year, month, week and day ended 30 Apr, 2007.

Corporate News
Dr Reddy's launches Reditux
Gujarat Gas Company approves stock-split Jet Airways acquires India's first
Airbus A330 aircraft VSNL partners with Singapore-based StarHub Nectar
Lifesciences inject Rs 75 crore Gateway Distriparks recommends bonus shares
Bhushan Steel recommends dividend Patel Engineering to foray into thermal
power generation Aditya Birla Nuvo to consider merger of Aditya Birla
Insulators UTI Bank plans to change name Orient Paper recommends final
dividend BHEL recommends bonus shares HS India to acquire two hotels Bank of
Maharashtra recommends dividend of 20% Ashok Leyland to acquire US-based
Defiance Testing and Engineering Services Silverline Technologies to acquire
a Canadian BPO firm Fulford India raises Rs 40.25 crore Bharati Shipyar
signs contract with Great Offshore Sumeet Industries recommends bonus shares
Sakthi Sugars acquires US-based Intermet Europe Twilight Litaka Pharma
inaugurates new plant at HP Nucleus Software recommends bonus shares

India Economy Review
Monthly Review of Macro-Economic and Sector Trends April 2007 Edition
available NOW ! Subscribe at
http://www.capitalmarket.com/IER/IER.asp?website=Newsletter

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$$ DreamGains !! $$ FW: Sharekhan Post-Market Report dated April 30, 2007

 


From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: Monday, April 30, 2007 5:30 PM
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 30, 2007

 
 Sharekhan's daily newsletter Visit us at www.sharekhan.com
 
April 30, 2007
Index Performance
Index

Sensex

Nifty
Open 13,823.40 4,081.60
High 13,901.12 4,096.90
Low 13,693.59 4,028.90
Today's Cls 13,872.37 4,087.90
Prev Cls 13,908.58 4,083.50
Change -36.21 4.40
% Change -0.26 0.11
 

Market Indicators
Top Movers (Group A)
Company Price 
(Rs)
%
chg

Gainers

Dredging Corporation 525.00 9.11
GMR Infra 423.95 7.56
Cummins India 304.15 7.11
Alok Inds 64.10 6.83
CESC 391.45 5.02

Losers

Polaris Lab 171.65 -8.28
OBC 197.15 -7.55
ICICI Bank 865.90 -7.26
HLL 199.40 -4.82
Raymond 344.95 -3.65
Market Statistics
- BSE NSE
Advances 1,403 787
Declines 1,071 663
Unchanged 75 36
Volume(Nos) 20.27cr

36.75cr

 Market Commentary 
Market overcomes early blues
The market managed to pare its losses on late buying and ended the session down 36 points.
The market seems to be nearing to another phase of correction. After dipping over 300 points in the last session, today the market opened on a bearish note, down 86 points  
to its previous close on the back of weak Asian indices. The Sensex succumbed to heavy losses as bears tightened their grip by selling heavyweights, banking and information technology stocks. By the mid morning trades the Sensex touched the intra-day low of 13694. The market witnessed selective buying at lower levels in the afternoon and the Sensex recovered 200 points from its day's low. The Sensex finally ended the session with a loss of 36 points at 13872, while the Nifty gained four points at 4088.

The broader market remained positive. Of the 2,549 stocks traded on the BSE, 1,403 stocks advanced, 1,071 stocks declined and 75 stocks ended unchanged. Most of the sectoral indices ended in positive territory. The BSE IT Index gained 2.01% at 5053, the BSE Teck advanced 1.52% at 3725 while the BSE Bankex Index dropped 2.88% at 6883 and the BSE FMCG Index shed 1.13% at 1801.

Movers & Shakers

  • Ashok Leyland gained marginally on acquiring Defiance Testing and Engineering Services for $17 million. 
  • Twilight Litaka gained on starting a new factory at Baddi in Himachal Pradesh. 
  • Andhra Bank slipped despite posting a jump in net profit.


Among the blue-chips, Reliance Communication shot up by 3.69% at Rs477, TCS soared 2.53% at Rs1,266, Hero Honda surged 2.30% at Rs684, Tata Steel advanced by 2.22% at Rs550, Infosys added 2.12% at Rs2,049, ACC moved up 2.06% at Rs839, Reliance Industries scaled up 1.42% at Rs1,560 and Satyam Computer was up 1.25% at Rs473. Among the laggards ICICI Bank dropped 7.26% at Rs866 and HLL shed 4.82% at Rs199 while Cipla, ONGC, Bharti Airtel, HDFC and Hindalco closed marginally lower.

Banking stocks came under sharp selling pressure. Oriental Bank tumbled by 7.55% at Rs197, Bank of Baroda slipped 2.86% at Rs236 and Bank of India slumped 1.94% at Rs192.

Over 3.58 crore IFCI shares changed hands on the BSE followed by Tata Teliservices (1.20 crore shares), GV Films (42.26 lakh shares), Orbit Corporation (39.48 lakh shares) and Reliance Communication (34.40 lakh shares).

Value-wise Reliance Communication registered a turnover of Rs160 crore on the BSE followed by IFCI (Rs154 crore), Reliance Industries (Rs117 crore), Tech Mahindra (Rs88 crore) and ICICI Bank (Rs85 crore).

European Indices at 16:20 IST on 30-04-2007
Index Level Change (pts) Change (%)
FTSE 100 6458.40 -11.00 -0.17
CAC 40 Index 5955.21 24.44 -0.41
DAX Index 7416.42 38.30 0.52
Asian Indices at close on 30-04-2007
Index Level Change (pts) Change (%)
Hang Seng 20318.98 -207.52 -1.01
Kospi Index 1542.24 -0.28 -0.02
Straits Times Index 3361.29 -37.31 -1.10
Jakarta Composite Index 1999.17 -20.51 1.02

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Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
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Sunday, April 29, 2007

$$ DreamGains !! $$ Hidden Gems By Ashish Chugh - 30th Apr 2007

April 30, 2007

Jaypee Hotels Ltd.

CMP - Rs. 61 NSE Symbol - JAYPEEHOT BSE Code - 590027

Emaar MGF buys two Hotel Sites at Jasola, New Delhi for Rs. 388 crores

Parsavnath buys Hotel Plot in Dwarka for Rs.450 crores.

Hotel Leela pays Rs.611 crores for Hotel Plot in South Delhi

These are some of the recent land transactions for building Five Star Hotels which have taken place in Delhi.

The buyers of these hotel properties will spend couple of hundred crores for construction of these hotels - then the construction time and the gestation periods.

These companies expect to make these projects viable - with their eyes on 2010 Commonwealth games, most companies see good future prospects and potential for the sector resulting in companies madly scrambling for hotel sites in the NCR. Moreover, the tax sops given to the new hotels coming up in the NCR in the recent budget is a big positive for companies constructing new hotels in Delhi.

Against this backdrop, take a look at Jaypee Hotels.

Jaypee Hotels owns three Five Star Deluxe Hotels - two located in Delhi and the third one in Agra. Besides, the company also manages the operations of Jaypee Residency Manor at Mussourie and Jaypee Green Resort Greater Noida and earns management fee.

Jaypee Siddharth - Jaypee Siddharth located at Pusa Road is at a stone's throw distance from Karol Bagh and is located very close to Connaught Place. The hotels was built in 1981 and was the first venture of the Jaypee group in the hospitality sector. Jaypee Siddharth is a 100 room Hotel. The hotel has just undergone major renovation.

Jaypee Vasant Continental - Jaypee Vasant Continental is a 120 room five star hotel located at Vasant Vihar in South Delhi. The hotel has well appointed rooms including Club Rooms and Suites with all modern amenities. The hotel is strategically located - it is located in one of the most upmarket areas of Delhi, is not far from the domestic and International Airports, is close to Diplomatic Enclave and also not far from the commercial hubs like Connaught Place. It is infact located somewhere midway between Connaught Place and the Airport.

Jaypee Palace, Agra - Jaypee Palace, Agra is located at Fatehabad Road in Agra and is built on an area of over 25 acre. The hotel designed by Mr. Ramesh Khosla, the winner of the prestigious Aha Khan Award, is one of the finest properties in Agra. The hotel has 350 well appointed rooms including 12 Suites and 40 Executive rooms.

Jaypee Vasant Continental was renovated about a year and a half back, Jaypee Siddharth has just been reopened after renovations. The company has added Presidential Suites for the stay of distinguished dignitaries and diplomats to the hotel at Agra.

At the current market price of the stock of Jaypee Hotels, the market cap of the company is Rs.340 crores. After taking into account its term loans of Rs.46 crores, the enterprise value comes to just around Rs.386 crores. Given the rates at which the recent deals for Hotel sites has taken place, the above valuation would not even cover the value of Vasant Vihar and Pusa Road plots on which the two Delhi hotels are built.

Besides, the company manages Jaypee Residency Manor at Mussourie, which is owned by Jaiprakash Associates Ltd. on a management contract basis

Financials

The latest financials of the company are given as under :-

QUARTERLY - LATEST RESULTS - Jaypee Hotels Ltd (Curr: Rs in Cr.)

             

Particulars

Quarter Ended

(Mar 07)

Quarter Ended

(Mar 06)

Quarter Ended

(% Var)

Year Ended

(Mar 07) (12)

Year Ended

(Mar 06) (12)

Year Ended

(%Var)

Sales

39.71

33.96

16.9

128.04

124.74

2.6

Other Income

0.26

10.19

-97.4

2.76

17.35

-84.1

PBIDT

12

22.23

-46

35.37

52.56

-32.7

Interest

0.88

1.1

-20

3.91

5.02

-22.1

PBDT

11.12

21.13

-47.4

31.46

47.54

-33.8

Depreciation

2.52

2.24

12.5

9.91

9.35

6

PBT

8.6

18.89

-54.5

21.55

38.19

-43.6

Tax

2.7

4.73

-42.9

8.23

6.56

25.5

Deferred Tax

0.53

-0.2

LP

-0.36

4.69

PL

PAT

5.37

14.36

-62.6

13.68

26.94

-49.2

             

Latest Data As On 27/04/2007

 

Latest Equity(Subscribed)

55.49

Latest Reserve

81.26

Latest Bookvalue -Unit Curr.

24.64

Latest EPS -Unit Curr.

2.47

Latest Market Price -Unit Curr.

61.5

Latest P/E Ratio

24.9

52 Week High -Unit Curr.

107.95

52 Week High-Date

5/10/2006

52 Week Low -Unit Curr.

55.2

52 Week Low-Date

3/28/2007

Market Capitalisation

341.26

Stock Exchange

BSE

Dividend Yield -%

2.93

The stock price chart is given below :-

Conclusion

Jaypee Hotels is well positioned to capitalize on the expected boom in the sector, higher occupancy rates and rising room tariffs.

Jaypee Hotels has a unique strategic advantage - with two hotels in Delhi, the company is well positioned to capture the demand explosion which is expected to happen for hotels in Delhi during the 2010 Commonwealth Games in Delhi and at the same time, no foreigner visiting India would like to go back without visiting Taj Mahal, one of the seven wonders of the world - which would give a big fillip to their Agra Hotel.

Hotels rooms are in short supply in Delhi which has led to a substantial increase in room tariffs. We believe at the current valuations, the stock looks grossly undervalued and the current valuations donot factor in the high growth prospects for Jaypee Hotels.

With very little potential downside, the stocks looks to be a clear outperformer over medium to long term.

__._,_.___
Regards

BigGains !!
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