| Newsletter date 29/04/2007 (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 29/04/2007 (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 :-
3. STOCK IN FUTURES :-
NOTE :- Due to highly volatile market, we are not recommending stock in FUTURES this week.
20/04/2007 Banswara Syntex has purchased 17,762 sq mt of land in Banswara near to its existing unit BFL.This land is proposed to be utilized for further expansions and additional utilities required for the existing production activities. 23/04/2007 Alok Industries Limited has informed the Exchange that: 'We have entered into Trademark License Agreement with PEACOCK ALLEY, INC, a Texas Corporation located in USA vide which the Company has been granted exclusive, limited license to use trade marks of Peacock Alley Inc. to manufacture, produce, and sell their Licensed Products in India. Peacock Alley is amongst the leading brands for bed linen in the USA'. 24/04/2007 On 23 April 2007, GV Films' board considered the proposal for joint venture (JV) with Shanghai Film Group Corporation and Growth Global, U.K.The above JV is formed to develop the concept of GV Studio City at China. This city would include facilities like multiplex, shopping malls, hotels and entertainment parks.Further, the board also discussed the proposal to acquire 8000 Hollywood movie rights at a negotiated price of $ 43.56 million. 25/04/2007 Kavveri Telecom Products has acquired DCI Digital Communications, Canada, through its Canadian subsidiaryKavveri Technologies, Canada.DCI Digital Communications is specialized in radio frequency interference products and offer custom solutions to reduce interference problems in the 30 MHz to 6 GHz range.This acquisition helps the company in expanding its operation in the North American Region for marketing of high quality radio frequency products. 25/04/2007 Delhi-based low-cost carrier SpiceJet gearing up to go global in 2010. The current policy is to allow domestic airlines to fly abroad provided it has completed five years of domestic operations.SpiceJet on Tuesday placed additional orders for 10 new Boeing 737-800/900 ER aircraft at a list price of $700 million. The 10 new aircraft will enter the fleet between 2009 and 2011, taking the total fleet size to 35. SpiceJet had earlier placed orders for 20 aircraft, whose delivery would be completed by October 2008.Analysts tracking the company said the airline is keen to fly to neighbouring destinations in South East Asia and the Gulf. When contacted Siddhant Sharma, CEO, SpiceJet, refused to comment on the carrier's international ambitions. SpiceJet would pay $10 million upfront for fresh orders, while the remaining would be financed by raising debt and through sale-and-lease buyback of aircraft.Domestic carriers have been lobbying with the government for relaxing the five-year moratorium for flying abroad and bringing it down to three years. They have been arguing for a level-playing field for domestic players on this issue.Many start-up international carriers are flying into India while Indian carriers are barred from flying out. Carries such as Air Deccan and Kingfisher Airlines are planning to fly from international destinations into the country, if the government does not relent.Air Deccan's parent company, Deccan Aviation, has entered into a joint venture with a Sri Lankan company to fly from the Island nation to several destinations into India. Kingfisher Airlines is currently working on getting approvals from the US authorities for direct flights between San Fransisco and Bangalore by middle of next year.If government relaxes the norms, airline analysts expect Indian low cost carriers to connect major Indian cities to destinations in South East Asia. All this comes at a time when Malaysia-based low cost carrier Air Asia is gearing up to launch long-haul flights between Asia, Europe and the United States. Plans include connecting several Indian cities into the long-haul sector. 26/04/2007 Centurion Bank of Punjab has acquired 25% stake in Centurion Executorship, Trusteeship, Real Estate Management and Advisory Services (CERMA).CERMA will offer estate planning services, escrow & custodial service and real estate management and advisory services. 26/04/2007 Garnet Construction Ltd has informed BSE about the following: The Company is planning to enter into a 50:50 joint venture (JV) with the Dubai-based Sternon Group to develop properties in Europe - with a prime focus on Sweden, and Mauritius, off the African coast. Under the JV, it will develop properties and Sternon Group, which has offices in Dubai, UK, USA and India, will market the projects globally. Initially, both the Companies are planning to invest $ 5 million each and scale up investment according to project requirements. The Company is exploring various funding options for the JV including overseas listing of a wholly-owned subsidiary to be set up for the purpose. The Company recently bought land (over 400 acres) at Khopoli, near Panvel to develop a mega residential township. It is developing the entire township project-apartments, row houses, independent bungalows, malls, Information Technology centre and also educational facilities-over there. The ?Magic Hills? residential project offers plots, row houses and bungalows. 'We expect the Khopoli project to commission during this fiscal, which will also start contributing to the Company's bottomline,' added Mr. Kedia. The project is valued at Rs 1,200 crore with the residential portion (250 acres) accounting for Rs 900 crore. 26/04/2007 Hotel Leelaventure had acquired the plot of land admeasuring 3 acres which was put to bid by National Buildings Construction Corporation for Rs 611 crore. The freehold plot is strategically located on Vinay Marg / Africa Avenue, Delhi. 26/04/2007 Infrastructure Development Finance Company's board has approved a plan to raise capital through issue of equity or quasi-equity instruments upto $ 500 million.Further, approved the increase in FII shareholding limit in the company from 49% to 74%, and recommended payment of dividend for the financial year ended 31 March 2007 at the rate of 10%, ie, Re 1 per equity share. 27/04/2007 Balrampur Chini Mills' sugar plant situated at Kumbhi, UP, having capacity of 8000 TCD was fully commissioned on 27 April 2007. 27/04/2007 Berger Paints India has entered into a joint venture agreement with Nippon Bee Chemical of Japan for the purpose of formation of a company for manufacture and sales of coatings for plastic substrates used in automobiles and parts thereof in India. 27/04/2007 Shetron and Denmark-based Metropak A/S' 50:50 joint venture company, Shetron Metropak, has started commercial production of lug caps and closures for the food industry on 24 April 2007.The joint venture company is a part of Shetron's endeavour to focus on the fast growing agro-food packaging sector in the country.
6. MUTUAL FUND'S SCHEME :-
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