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Sensex
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Monday, August 16, 2010
Fw: What's In-What's Out
India Infoline - Trading Idea: Texmaco – BUY
Trading Idea: Texmaco – BUY
CMP Rs148, Target Rs170, Upside 15.2%
Based on 'inverted head and shoulder', we project conservative target of Rs175 which is marginally higher than Dec 2009 peak of Rs170.5. However, in case prices are able to sustain above Rs175, next leg of rally can take prices all the way to its all time peak of Rs196 . We thus advise accumulating the stock in the range of Rs141-147 with stop loss of Rs132 for target of Rs176.
http://content.indiainfoline.com/wc/research/researchreports/Texmaco_160810.pdf
Fw: Derivatives Info Kit
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**[investwise]** OMDC-BUY
Buy Orissa Mineral Development Corporation Ltd BSE Code:590086 for target of Rs 50,000 Equity: 60 lacs (only) Book Value Rs 12500 per share EPS: Rs 3000 per share Free floating in market 15-16% Goverment of India Company Total Value of its mines Rs 1-1.25 Lac Crore Current Year Sales expected at Rs 300 crore and net profit of Rs 170-200 Crore Current Year EPS Expected at Rs 3500 PE Ratio of 15 means Share price to touch Rs 50,000 Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. --- On Tue, 8/17/10, arun dhm <arun_dhm@yahoo.com> wrote:
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INVESTMENTS IN INDIA
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INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
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**[investwise]** PSU Banks In Bull Grip: Andhra BK, All Bank, UCO, Dena BK
| Euphoric Buying In PSU BKs-Crescendo takes price to a new Orbit Andhra, Allahabad, UCO, Dena at all time highs Indian mid-cap banks are characterized by typical features like a regional concentration, balance sheet size (less than or around Rs1 trillion, some are even smaller), and an earnings profile that is largely driven by core income. Majority of these are also the banks which have been besieged by problems of risk capital in the past. However, backed by a proactive government (which is infusing capital) and a conducive regulatory regime (liberalisation of branch licensing), these banks have now begun adding dominantly the organic growth factor to their strategic growth path. We initiate coverage on five mid-cap banks in this report (mid-cap universe) which are likely to strengthen their balance sheets, geographically diversify their businesses, and migrate to a better trajectory of earnings growth that has a stronger sustainability element. Investment Highlights Seeking a better geographic leverage Banks in our mid-cap universe are currently more leveraged to their regional economies and are now seeking to expand and broad base their business into the wider national geography. This expansion where we expect banks to add a cumulative ~600 branches FY11E-FY12E should help in the long term to generate more qualitative business. Business growth to remain healthy Smaller business entities can be victims of predatory instincts of larger peers. However, our mid-cap universe banks have continued to grow with a very healthy pace (~20%+) even in a very competitive and challenging FY10. We expect these banks to show healthy business CAGR of 20-25% during FY11E-FY12E. Healthy spreads and stable to lower credit costs to improve ROA of the banks Higher interest rate scenario resulting in rising loan yields would be dominant factors to drive the margins of our mid-cap universe stocks over the next 2 years. With the higher upgradations and cash recoveries and lower incremental slippages, we expect stable to lower credit costs (as a % of average assets) which would be ROA supportive for our coverage banks. Capital infusion to strengthen bank's balance sheets Banks in our coverage universe have either recently raised capital or are in the process of receiving fresh capital from the government. Though capitalisation never affected the growth of these banks, fresh capital helps improve the risk profile of stretched balance sheets and the Tier I replenishment is essentially doing that. Risk-reward and valuations more favourable for mid-cap banks than for large cap banks We reiterate "Attractive" rating to the Banking sector as in our view, core performance of the banks would be in better shape in FY11 and FY12 than FY10 in terms of credit, margins and asset quality. At current times, we perceive risk-reward and valuations are more favourable for the mid-caps than for the large cap banks. We initiate a coverage on five banks namely Allahabad Bank and Dena Bank with "BUY" rating, Corporation Bank with "ACCUMULATE" rating and The South Indian Bank and UCO Bank with "HOLD" rating. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
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NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
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NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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**[investwise]** Mid Cap PSU Banks Attain New Orbit-Andhra, Allahabad, Dena and UCO Bank
Euphoria Buoys Up State Run Banks Indian mid-cap banks are characterized by typical features like a regional concentration, balance sheet size (less than or around Rs1 trillion, some are even smaller), and an earnings profile that is largely driven by core income. Majority of these are also the banks which have been besieged by problems of risk capital in the past. However, backed by a proactive government (which is infusing capital) and a conducive regulatory regime (liberalisation of branch licensing), these banks have now begun adding dominantly the organic growth factor to their strategic growth path. We initiate coverage on five mid-cap banks in this report (mid-cap universe) which are likely to strengthen their balance sheets, geographically diversify their businesses, and migrate to a better trajectory of earnings growth that has a stronger sustainability element. Investment Highlights Seeking a better geographic leverage Banks in our mid-cap universe are currently more leveraged to their regional economies and are now seeking to expand and broad base their business into the wider national geography. This expansion where we expect banks to add a cumulative ~600 branches FY11E-FY12E should help in the long term to generate more qualitative business. Business growth to remain healthy Smaller business entities can be victims of predatory instincts of larger peers. However, our mid-cap universe banks have continued to grow with a very healthy pace (~20%+) even in a very competitive and challenging FY10. We expect these banks to show healthy business CAGR of 20-25% during FY11E-FY12E. Healthy spreads and stable to lower credit costs to improve ROA of the banks Higher interest rate scenario resulting in rising loan yields would be dominant factors to drive the margins of our mid-cap universe stocks over the next 2 years. With the higher upgradations and cash recoveries and lower incremental slippages, we expect stable to lower credit costs (as a % of average assets) which would be ROA supportive for our coverage banks. Capital infusion to strengthen bank's balance sheets Banks in our coverage universe have either recently raised capital or are in the process of receiving fresh capital from the government. Though capitalisation never affected the growth of these banks, fresh capital helps improve the risk profile of stretched balance sheets and the Tier I replenishment is essentially doing that. Risk-reward and valuations more favourable for mid-cap banks than for large cap banks We reiterate "Attractive" rating to the Banking sector as in our view, core performance of the banks would be in better shape in FY11 and FY12 than FY10 in terms of credit, margins and asset quality. At current times, we perceive risk-reward and valuations are more favourable for the mid-caps than for the large cap banks. We initiate a coverage on five banks namely Allahabad Bank and Dena Bank with "BUY" rating, Corporation Bank with "ACCUMULATE" rating and The South Indian Bank and UCO Bank with "HOLD" rating. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
__._,_.___
*****************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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**[investwise]** Polyplex-Concenterated Ownership, Stock Unlikely To Dip unless someone dumps
Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. --- On Mon, 8/16/10, Arjun J <arjunji@yahoo.com> wrote:
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__._,_.___
*****************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
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__,_._,___
**[investwise]** Polyplex: At 10X Cons. FY11 E EPS of Rs 110, Will This Stock cross Rs 1000? [3 Attachments]
[Attachment(s) from Maverick included below]
| FYI Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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Attachment(s) from Maverick
3 of 3 File(s)
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http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
.
__,_._,___
Jay Ushin - Board to consider Dividend
Jay Ushin Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 26, 2010, inter alia,1. To consider and approve Audited Financial Results of the Company for the year ended March 31, 2010.
2. To recommend dividend, if any, for the year ended March 31, 2010.
FIEM Inds - Board recommends Dividend
Fiem Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 16, 2010, inter alia, has recommended a dividend @ Rs. 2.50/- per share (25%) amounting to Rs. 299.06 lacs on Equity Share Capital of the Company subject to the approval of the Members of the Company in its ensuing Annual General Meeting.Midpoint Soft - Updates on Scheme of Amalgamation
Midpoint Software & Electro Systems Ltd has informed BSE that the Hon'ble High Court of Bombay has sanctioned the Scheme of Amalgamation of NHC Industries Pvt. Ltd. (NHC) with Midpoint Software and Electro Systems Ltd. (the Company) under Section 391-394 of the Companies Act, 1956 (Scheme of Amalgamation) on August 13, 2010. ...KDDL - Board to consider Dividend
KDDL Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 28, 2010, inter alia, for transacting the following businesses :1. Adoption of Audited Annual Accounts for the year ended March 31, 2010. ...
Gammon India - Fixes Record Date for First Interim Dividend
Gammon India Ltd has informed BSE that the Company has fixed August 25, 2010 as the Record Date for the purpose of payment of first interim dividend that may be declared by the Board of Directors for the financial year 2010-11 at their meeting to be held on August 18, 2010.Gammon India - Board to consider First Interim Dividend
Gammon India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 18, 2010, inter-alia, to consider the declaration of first Interim dividend for the Financial year 2010-2011.ITL Inds - Board to consider Dividend
ITL Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 25, 2010, to consider and record Audited Financial result for the year ended on March 31, 2010 and to consider & recommend Dividend, any, for the Financial year 2009-10.Keynote Corp - Board to consider Dividend
Keynote Corporate Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 25, 2010, inter alia, to consider the following:1. To approve and take on record the Audited Financial Results for the year ended March 31, 2010 and to recommend dividend, if any on Equity ...
Eldeco Hous - Board to consider Dividend
Eldeco Housing & Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 21, 2010, inter alia, to consider the following :1. Approval of the Audited Annual Accounts of the Company for the financial year 2009-2010. ...
Hind Inds - Board recommends Dividend
Hind Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, decided the following :- In view of the profitability and for conserving the resources to cope with the recessionary conditions being faced by the industry, the ...
RAS Resorts - Board recommends Dividend
Ras Resorts & Apart Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2010, inter alia, recommend the declaration of dividend @ 10%.HCL Infosystems - Board to consider Final Dividend
HCL Infosystems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 27, 2010, inter alia, to transact, the following business:-1. To consider and approve the audited Annual Accounts of the Company for the year ended on June 30, 2010. ...
Vivimed Labs - Board recommends Dividend
Vivimed Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting convened on August 14, 2010 and adjourned to August 16, 2010, inter alia, has decided to recommend a divided of Rs. 1.50/- (15%) per share on 99,64,904 equity share of nominal value Rs. 10 each aggregating to Rs. 1,49,47,356, subject to approval of the shareholders at their Annual General Meeting.Jagsonpal Phar - Board recommends Dividend
Jagsonpal Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2010, inter alia, has recommended a Dividend of Rs. 0.50 per equity share on 2,61,98,000 equity shares of Rs. 5/- each for the year 2009-10.Suave Hotels - Board recommends Dividend
Suave Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has considered and transacted the following business:1. The Board has considered and recommended dividend @ 5% i.e. Rs. 0.50 per equity share of the financial year ended March 31, 2010 subject to ...
Lokesh Machines - Board recommends Dividend
Lokesh Machines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has transacted the following:1. Mr. M. Lokeswara Rao has been reappointed as Managing Director by the Board for a period of 5 year w.e.f. October 01, 2010. ...
Gammon India - Board recommends Dividend
Gammon India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has recommended the following:1. Dividend of Rs. 0.60 paise per equity share of face value of Rs. 2/- each (i.e. 30%) for the financial year ended March 31, 2010 to be paid ...
Surya Pharma - Board recommends Dividend
Surya Pharmaceutical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, inter alia, has recommended a dividend @ 15% (Rs. 1.50 per share) on Equity Shares of Rs. 10/- each for the financial year 2009-10.
Fw: Braveheart's Best
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Fw: Eagle Eye: Bounce
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