Dividend for 1st quarter ending june 2010

Haryana Leather - Board to consider Final Dividend 
Haryana Leather Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 10, 2010, inter alia, to consider the following:
1. To consider and approve the Annual Accounts for the financial year 2009-10. ...

Rajeswari Found - Board to consider Dividend
Rajeswari Foundations Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 06, 2010, inter alia, to consider the Audited Financial Results for the year ended March 31, 2010 and consideration of dividend for the financial year ended March 31, 2010 and Unaudited Financial Results for the quarter ended June 30, 2010.

Sundaram Clayton - Board to consider Interim Dividend
Sundaram Clayton Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider and approve the following:
1. The annual audited financial results for the year ended March 31, 2010. ...

India Gelatine - Board to consider Dividend

India Gelatine & Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 11, 2010, inter alia, to consider the following:
1. To consider Un-Audited Financial results (Provisional) for Three Months Ended on June 30, 2010. ...

Lokesh Machines - Board to consider Dividend 
Lokesh Machines Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 14, 2010, inter alia, to consider the follows:
1. The audited financial results for the year ended March 31, 2010 ...

Softpro Sys - Board to consider Dividend
Softpro Systems Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 13, 2010, inter alia, to consider the following matters :
1. To consider and recommend for approval of members, the Audited Financial Results for the year ended March 31, 2010. ...

CCL Products - Board to consider Final Dividend 
CCL Products (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 11, 2010, inter alia, to consider the followings:
1. To consider and approved the Balance Sheet and Profit and Loss account for the financial year 2009-10. ...

Elegant Marb - Board to Consider Dividend 
Elegant Marbles & Grani Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 09, 2010 to consider the following matters:
1. To Consider and approve Annual Accounts for the Financial Year ended March 31, 2010. ...

Dolat Invest - Board recommends Dividend 
Dolat Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 03, 2010, inter alia, has recommended a Dividend of 5% i.e. Rs. 0.05 per share on 17,60,00,000 equity shares of Re. 1/- each subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

HB Est Developer - Board recommends Dividend 
HB Estate Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 03, 2010, inter alia, have recommended dividend at the rate of Re. 1/- per equity share (i.e. 10%) for the year ended March 31, 2010.

Gokul Refoils - Board declares Interim Dividend
Gokul Refoils & Solvent Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 03, 2010, inter alia, declared Interim Dividend on of Rs. 0.10 (5%) on equity shares of Rs. 2/- each for the financial year 2010-2011.

Fw: Company Report: Omnitech Infosolutions Ltd – BUY

 

Company Report: Omnitech Infosolutions Ltd – BUY

CMP Rs207, Target Rs250, Upside 21.0%

±  Robust revenue growth to continue; revenue mix to improve

±  Superior margin; to remain resilient going ahead

±  Growth to be self-funded; balance sheet to remain healthy

±  Valuation cheap at 4.6x FY12 P/E despite strong earnings CAGR
 
http://content.indiainfoline.com/wc/research/researchreports/Omnitech_030810.pdf

Fwd: Valuable Stock …. “ NAGARJUNA FERTILISERS AND CHEMICALS Ltd” (BSE Code: 500075) at 31/- Target of 39/-, 75/-, 150/- & 500/-

 

Valuable Stock …. " NAGARJUNA FERTILISERS AND CHEMICALS Ltd" (BSE Code: 500075) at 31/- Target of 39/-, 75/-,  150/- & 500/-

Nagarjuna Fertilisers and Chemicals Ltd Trading in BSE (BSE Code: 500075) and NSE at 31/- .

Presetly Stock Trading at  Cheepest at 31/- Stock in Oil & Gas Sector.

Another Positive Factor is good monsoon this year. This will good news for Fertiliser companies.

Recently NFCL declared Decent Results with Net Income 330 Cr and Net profit of 27.35 Cr Compared to Last year raise 25%.

Nagarjuna Fertilisers and Chemicals Ltd doing Fetliser Business and

NFCL having Availability of Natural Gas at the cheapest Rate in comparison to others for next few decades.

NFCL Plannign to Demerge 2 companies 1. Nagarjuna Fertilisers Ltd and 2. Nagarjuna Oil Ltd. More than 71% stake in Nagarjuna Oil, Only Refinary in Tamilnadu, expected to
be commissioned during 2011-12.

Face Value 10/-;

Book value 24/-

Eps 2.7/-

Dividend 5% to 10% yearly.

Share Holding: Promoters 37.89% (with Foreign Promoters)

Just Consider the following astonishing facts about NFCL and workout it`s worth:

1. Situated at kakinada (land fall point of RIL Gas) in 1130 Acres of land.
2. Availability of Natural Gas at the cheapest Rate in comparison to others for next
few decades.
3. Present Capacity of the plant is 1.6 Million Ton, which requires atleast 7000 Cr.
and 4 yrs of lead time to set up. 7000 Cr. means Rs. 160/- per share for NFCL.
4. New urea policy is going to be investor friendly and will ultimately lead towards Decontrol of Urea. Once de-control NFCL will be a real Gold Mine.
5. Due to Demand & supply Mismatch, huge scope for capacity expansion. Having
ready market for 2.5 Million Ton of Urea compared to 1.6 Million Ton capacity.
6. One of the best Energy Efficient plant with close proximity of Kakinada Port.
7. More than 71% stake in Nagarjuna Oil, Only Refinary in Tamilnadu, expected to
be commissioned during 2011-12.
8. Net Profit of 66 Crore and Cash profit of more than 200 Crore after adjusting
loss in imported urea for marketting purpose.
9. Expected profit from the sell of Carbon Credit.
10. low Promoter`s holding(37%) and most suitable candidate for Takeover by RIL.or Jaiprakash Group.

NFCL got 1130 Acre land at Kakinada(Hot Spot) and 1700 Acres at Cuddalore in a country where economy will remain booming for many years.

Also land value in Kakinada has increased many times in recent years. The proposed petro corridor would extend from Vizag to Kakinada along the coast making the whole stretch a mighty industrial belt (the potential pollution hazard is a different story :))
So the point is once people start looking deeply into NFCL with an eye on its assets,

Imagine a situation after 4 years when along with RIL,other players like ONGC and GSPC will start producing Natural Gas from KG basin and that time NFCL will not be dependent on RIL alone and they may start sourcing natural gas from other players for the sake of better price.So to keep such a bulk consumer in it`s fold and to get entry into the Fertilizer sector which is backward integration for RIL towards it`s foray into agri retail sector,it will be beneficial for RIL to consider to take 28% stake(17.2 crore shares on an enhanced equity of 600 crore) in Nagarjuna Fert @ Rs.160/- per share.This move will be beneficial for both the companies.With this fresh infusion of Rs.2750 crore NFCL will be able to retire it`s entire debt of 1050 Crore and balance 1700 crore will be used to expand their capacity from 1.6 to 4.0 million ton in phased manner on their surplus land of 800 acre at Kakinada. This will increase their turnover from present 1900 crore to 6000 crore and netprofit in the range of 1500 crore to 1800 crore giving an EPS of Rs.25/- to 30/-on an equity of 600 crore.Considering the payment of 80% dividend to NFCL share holders,RIL will be entitled to receive an annual tax free return of 137.6 crores(5 %)on an initial investment of 2750 crore with an assured bulk consumer for it`s KG gas.Once Urea will be decontroled then the future of NFCL will be more promising.Expect a price of 800/- within 3 years.

One can Buy at 31/- for Short Term, Medium Term and Long Term Stock will go 39/- & 75/- and 150/- and 500/-

Its Risk Free Investment at 31/- In future This stock is Gold Mine based on Value of Land and Oil and Gas Availability.

After Demerging of this Nagarjuna Fertilisers and Chemicals Ltd will List 2 Companies Nagarjuna Fertiliserss Ltd and Nagarjuna Oil  Ltd, Stock will go 150/- in Medium term.

As per Oil & gas Business Stock will go to 1000/- Near Future means 5 Years time.

Equity_Research Team

Mumbai

Aptech to consider Dividend

Aptech - Board to consider Dividend  Aptech Ltd has informed BSE that
a meeting of the Board of Directors of the Company will be held on August 12,
2010, inter-alia :

1. To recommend dividend, if any, for the 15 months period ended March 31, 2010.

2. To consider and approve, the Limited Reviewed Financial Results (Standalone
and Consolidated) of the Company for the first quarter ended June ...

  Vipul - Board to consider Dividend  Vipul Ltd has informed BSE that a
meeting of the Board of Directors of the Company will be held on August 14,
2010, inter-alia, to consider recommendation of dividend for the year ended
March 31, 2010.

Fw: Trading Idea: Federal Mogul Goetze – BUY

Trading Idea: Federal Mogul Goetze – BUY

CMP Rs142, Target Rs175, Upside 20.4%

 

The stock technically is a compelling buy for two reasons – i) it is above its 200-DMA, and ii) consolidating at the neckline of an inverted head & shoulders pattern. It sets the stock up for target of Rs175 in the medium term. Daily oscillators are also showing signs of an upward movement.

 

Please click on the link to view the attachment. 

  http://content.indiainfoline.com/wc/research/researchreports/FM_Goetze_020810.pdf

Warm Regards,

India Infoline Research Team

Fwd: Angel Puts A Buy On Polyplex With A Target of Rs 419

 

Polyplex-A Good Package
 
Polyplex Corporation (PCL) is one of the leading manufacturers of biaxially oriented polyester (PET) films globally with manufacturing facilities in India, Thailand and Turkey. PCL garners a major part of its revenues from the packaging industry, which is expected to register around 15% CAGR over FY2010-12E.
 
Moreover, the company's foray into the BOPP segment is expected to yield good returns for it, as demand for BOPP far exceeds supply. We initiate coverage on the stock with a Buy recommendation and Target Price of Rs418, valuing the stock at 0.7x FY2012E
P/BV implying into an upside of 57%.
 
Capacity expansion to drive robust growth in revenues: PCL has recently forayed
into the lucrative, high-growth BOPP and CPP segments. In FY2010, global demand
for BOPP far exceeded supply, with an estimated BOPP production of ~6,046kilo
tonne/year v/s ~6,648kilo tonne/year of demand.
 
To meet such growing demand, PCL has set up new BOPP capacity of 35,000tpa in India as well as a new 10,000 tpa CPP plant in Thailand. In PET films, PCL increased capacity in India by 155% in FY2010.
 
Overall, on the back of the company's capacity expansion moves, we expect it to post 20% CAGR in consolidated sales over FY2010-12E.
 
Available at a discount to Peers: PCL holds 70% stake in its listed Thailand subsidiary
Polyplex Thailand (PTL), which has a market cap of Rs950cr and is available at 1.3x P/BV. However, PCL has a market cap of Rs426cr or 0.6x FY2010E P/BV, which is at more than 55% discount to PTL's market cap and at a discount of nearly 36% to PCL's 70% stake in PTL, which works out to around Rs665cr.
 
In comparison to its peers too, PCL is available at inexpensive valuations of 0.6x FY2010E P/BV, with Uflex, Jindal Poly and Ester trading between 0.7x-1.1x FY2010E P/BV, respectively. Over the past five years, PCL has traded in the range of 0.3-0.7x one year forward P/BV, considering the 46% CAGR in earnings over FY10-12E, we value PCL at the upper band (0.7x) FY2012E P/BV.

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.
 
 
 

 
 

Fwd: Benefits of Investing in Small cap stocks

 

Benefits of Investing in Small cap stocks.

ü Huge growth potential in short to medium term due to growing economy and freeing up of markets and reforms.

ü Potential to become big-caps or large companies after years.

ü Potential benefit by corporate actions such as mergers, acquisitions, demergers, bonus shares, issue of more shares through rights issue, follow on offer, value unlocking,, back-ward integration, forward integration, raising of equity capital, such other events resulting into expansion of equity capital as well focusing attention of market participants.

ü One of the biggest advantages of investing in small-cap stocks is the opportunity to beat institutional investors. Because mutual funds have restrictions that limit them from buying large portions of any one issuer's outstanding shares, most mutual funds would not be able to give the small cap a meaningful position in the fund, so such stocks remain under-invested, under-researched in secondary market.

ü Small cap stocks can increase your portfolio return by many percentage points because they can rise more compared to other 'caps' and even in multiple times.

ü These companies are less well researched and that is why could be more likely undervalued. Because of this also such companies can become market's favorite when it is 'discovered' or joins 'mid cap' league. This under-researched and under-followed characteristics benefits investor by the way that they are more likely to spot something that others have missed.

ü It is easier to double a sale of 5 cr into 10 cr for a small cap company than say Reliance Industries or take any large cap or may be Sensex Company.

ü Due to smaller equity capital base, any spurt in earnings brings spurt in sharp spurt in EPS and consecutively the current PE declines and the stock price rises to adjust the earnings.

ü Generally Small cap stocks are undervalued than large cap stocks for some reasons indicated above and other reasons. Just try to compare PEs of Reliance Industries Ltd. and few Sensex companies with some Small cap stocks.

ü It is observed that young companies generate fastest wealth, as they record highest earnings growth on a low base.

ü Finding Your L & T and Reliance:

It is highly less likely that any investor would be able to make enormous wealth, if so then comparable to those who made it by investing into Reliance or L and t of the sorts before years. Because this companies are large caps and already usually running on several times PE. In one sense they have already grown. They are there from decades. Yes, they will continue to create value for their share holders. But they have lost the capacity to give similar returns to investors investing afresh than those investors who invested years ago at when it was growing.

ü If you are finding for next Big thing, Obviously you've got to look at Small!

ü According to Motilal Oswal Wealth Studies,

74 of the top 100 wealth creating companies in 2009 had a base market capitalization of less than Rs.5000 crore in 2004.

ü According to Capitaline and RCAM Estimates,

Out of 100 Large cap companies in 2009, 46 companies are such which migrated from Small cap and Mid cap space in the last 5 years.

Fwd: Daily Currency Report

 

 

Dear Sir / Ma'am,

We have added Nifty Vs USDINR Intraday day tick by tick co-movement, please refer to page Number 3 of the attachment.

 You may get live market details in Currency Futures from the FX Tracker link available on NSE For further details please visit us at www.nseindia.com.

 You can attend seminar on currency derivatives. To enroll for seminar please register yourself on the following   http://www.nseindia.com/content/cd/seminar/cd_seminar_register.htm

 

Fw: Derivatives Info Kit

 

 

Derivatives Info Kit [For August 03, 2010] Sharekhan www.sharekhan.com

Summary of Contents   DERIVATIVES INFO KIT Attention:  As per SEBI guidelines, clients who want to transact in the Futures & Options segment are required to submit proof of Financial Details. Kindly contact the nearest Sharekhan branch for more information or check the pop-up banner on our website, www.sharekhan.com. Click here to read report: Derivatives Info Kit

Regards, The Sharekhan Research Team myaccount@sharekhan.com Manage your newsletter subscriptions

Polyspin Expo - Board recommends Dividend  Polyspin Exports Ltd has
informed BSE that the Board of Directors of the Company at its meeting held on
July 26, 2010, inter alia, has taken the following decisions:

1. Recommended the payment of Dividend at 10%. ...  

 Chembond Chem - Board recommends Dividend   Chembond Chemicals Ltd has informed
BSE that the Board of Directors of the Company at its meeting held on July 31,
2010, inter alia, has decided the following:

1. The Board has recommended the dividend of Rs. 1.75 per share. ...  

 Asahi Infra - Board declares Interim Dividend   Asahi Infrastructure &
Projects Ltd has informed BSE that the Board of Directors of the Company at its
meeting held on July 31, 2010, inter alia, have recommended 5% Interim
Dividend.  

Garware
Poly - Board to consider Dividend   Garware Polyester Ltd has informed
BSE that a meeting of the Board of Directors of the Company will be held on
August 05, 2010, inter alia, to consider and take on record of:

1. Audited Financial Results for the year (six months period) ended March 31,
2010. ...  

Indo Asian Fin - Board recommends Dividend   Indo Asian Finance Ltd has
informed BSE that the Board of Directors of the Company at its meeting held on
July 30, 2010, inter alia, has recommended payment of dividend at Re. 0.30 per
equity share (3%) of Rs. 10/- as final dividend for the financial year ended
March 31, 2010, subject to the approval of shareholders.  

Gillette India - Board to consider Dividend   Gillette India Ltd has informed
BSE that a meeting of the Board of Directors of the Company will be held on
August 18, 2010 to consider and approve the audited financial accounts for the
year ended June 30, 2010 and unaudited financial results for the quarter ended
June 30, 2010.

Further the Company has informed that, the Board will also consider recommending
dividend, if any, for the financial year ended June 30, 2010.  

Supreme
Infra - Board to consider Dividend   Supreme Infrastructure India Ltd
has informed BSE that a meeting of the Board of Directors of the Company will be
held on August 07, 2010, inter alia, to consider and approve following business:

1. The Audited Financial Results for the Financial Year ended on March 31, 2010
and also as may be required to fix up the date, time and venue ..

. 
Tera Software - Board to consider Dividend   Tera Software Ltd has informed
BSE that a meeting of the Board of Directors of the Company will be held on
August 09, 2010, inter alia, to consider the following:

1. Unaudited Financial Results (Provisional) of the Company for the 1st quarter
ended on June 30, 2010. ... 


Banco
Products - Board recommends Dividend   Banco Products (India) Ltd has
informed BSE that the Board of Directors of the Company at its meeting held on
July 31, 2010, inter alia, has transacted the following business:

1. Recommendation of payment of Dividend @ Rs. 2/- per Equity Share of Rs. 2/-
each, i.e. 100 %. For the Financial Year ended on March 31, 2010, ... 


Compucom Soft - Board approves Bonus Issue   Compucom Software Ltd has informed
BSE that the Board of Directors of the Company at its meeting held on July 31,
2010, inter alia, has transacted the following matters:

1. Considered and approved the bonus issue of 1 (one) Equity Shares for every 2
(Two) Equity Shares held subject to the approval of the members ...

source: bseindia.com