Sensex

Thursday, November 25, 2010

Fw: Eagle Eye: Extension

 

 
Eagle Eye (equities)
[For November 26, 2010]
 Summary of Contents
 
PUNTER'S CALL
 

Extension
The Nifty slipped again forming lower lows, which is a concern for the market going forward...


SMART CHART CALLS
 


MOMENTUM CALLS
 


Click here to read report: EagleEye
 

 
Regards,
The Sharekhan Research Team
myaccount@sharekhan.com

Manage your newsletter subscriptions

 
 

Fwd: Bombay Stock Exchange-IPF Sponsored Research Reports

 
Bombay Stock Exchange has introduced its Sponsored Research Initiative to address the needs of its listed companies and their investors. Under the Initiative, each participating company will be covered by empanelled research houses and research reports generated will be available free of charge. Check this page for more research reports.
The goal of this initiative is to create and disseminate company-specific research reports focused on small and mid-cap companies in a standardised format accessible to the retail investor. These reports contain analysis and views on company fundamentals including industry overview, company�s business, profitability and competitive landscape.

Research Reports are currently available for the following companies.
Scrip Code Company Name Initiation Report Updates
533179 Persistent Sys Download Download
533098 NHPC Download Download
532926 Jyothy Lab Download Download
532787 Ess Dee Alum Download Download
532684 Everest Kanto Download Download
532682 ABG Shipyard Download Download
532654 Mcleod Russel Download Download
532629 Mcnally Bharat Download Download
532508 JSL Stainless Download Download
532259 Apar Inds Download Download
523838 Simplex Infra Download Download
517146 Usha Martin Download Download
509930 Supreme Inds Download -
509488 Graphite India Download Download
506690 Unichem Lab Download Download
500840 EIH Download Download
500472 SKF India Download Download
500403 Sundram Fast Download Download
500186 Hindustan Oil Download Download
500165 Kansai Nerolac Download Download
For any queries/suggestions kindly write to us at: independent.research@bseindia.com

Regards,
Independent Research Cell

Source:bseindia.com

Wednesday, November 24, 2010

Fw: Investor's Eye: Update - M&M (Ssangyong deal to strengthen luxury portfolio)



Sharekhan Investor's Eye
 
Investor's Eye
[November 24, 2010] 
Summary of Contents

STOCK UPDATE

Mahindra & Mahindra
Cluster: Apple Green
Recommendation: Hold
Price target: Rs809
Current market price: Rs785

Ssangyong deal to strengthen luxury portfolio 
Mahindra and Mahindra (M&M) has signed a definitive agreement with South Korea?s Ssangyong Motor Company (Ssangyong) to acquire a 70% stake in the latter for $463 million (approximately Rs2,080 crore) of which $378 million (approximately Rs1,700 crore) is from new stocks and $85 million (approximately Rs380 crore) from corporate bonds. The acquisition will be finalised by March 2011. Ssangyong would utilise the money to repay debt.

We maintain our Hold recommendation and price target for M&M. We expect its automotive volumes (including pick-ups) to grow by 29% and tractor volumes to grow by 10.8% in FY2011. Our sum-of-the-parts (SOTP) valuation target for M&M is Rs809 per share (the core business is valued at 13x FY2012 earnings and the subsidiaries are valued at Rs140 per share).  


Click here to read report: Investor's Eye  


Regards,
The Sharekhan Research Team
myaccount@sharekhan.com 

Manage your newsletter subscriptions

 

Fw: IPO Flash: MOIL



Sharekhan Investor's Eye
 
IPO Flash 
[November 24, 2010]
Summary of Contents
 
IPO FLASH

Please find the IPO Flash on MOIL dated November 24, 2010.


Click here to read report: MOIL



 

Regards,
The Sharekhan Research Team
myaccount@sharekhan.com

Fw: IPO Note: Manganese Ore India Ltd (MOIL) – Subscribe

 

IPO Note: Manganese Ore India Ltd (MOIL) – Subscribe

Price band Rs340-375

 

MOIL has over four decades of experience in manganese ore mining operations. It enjoys a near monopoly with a dominant 50% share in the domestic manganese production and is also one of the lowest cost producers of manganese ore in the world. MOIL was conferred with 'Mini Ratna' status by Government of India in FY08. A debt-free company, it has a healthy balance sheet with strong cash flows. As on H1 FY11, its cash balance stood at Rs17.6bn, which translates into Rs105 per share. It has witnessed revenue and PAT CAGR of 31% and 42% respectively, over the last four years. Presently, it is enjoying OPM of 70.3% and PAT margin of 52.1%. We recommend investors to 'SUBSCRIBE' the issue.

 

  http://content.indiainfoline.com/wc/research/researchreports/MOIL_241110.pdf

 

 



Monday, November 22, 2010

Fwd: Launching Sundaram Capital Protection Oriented Fund Series 2

 


 
If you are unable to view the mailer Please Click here

Scheme Objective : The objective of the Scheme would be to seek income and minimize risk of capital loss by investing in a portfolio of fixed-income securities. The Scheme may invest a part of the assets in equity to seek capital appreciation. Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Scheme. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the Asset Management Company.

NFO Period:
       Opens on: 22-Nov-2010
       Closes on: 30-Nov-2010

NFO Price:   Rs.10 per unit

Please fill in the details for our representative to get in touch with you

Name
Email ID
Contact No

Minimum application amount :   Rs 5,000.- ( Retail Plan) , and in multiples of Rs.1/- thereafter per application.

Benchmark : Crisil MIP Blended Index

Load Structure :
Entry Load : Nil.
Exit Load : Not Applicable
Please note that buying and selling the units of the Scheme from /to the market ( after closure of the NFO) will not entail any entry/exit load. Investors will have to bear the cost of brokerage and applicable taxes on the brokerage and other relevant charges as applicable for transacting on the secondary market.

Plans and Options : The Scheme Offers Growth Option only.

Asset Allocation :

Instrument Fund Risk Profile
Fixed Income Securities (including money market instruments, if any) 80-100% Low to medium
Equity and equity-related instruments 0-20% High
Exposure to derivatives will be limited to 50% of the Net Asset Value of the Scheme at the time of transaction.
Exposure is calculated as the notional value as a percentage of Net Assets of the Scheme.
Gross exposure in equity, derivatives and debt shall not exceed 100% of the net assets.

How does a Capital Protection Fund work ?
Equity investments have historically offered higher returns, but they can pose a greater risk to your capital.Fixed deposits may offer principal protection, but returns are often so low they barely keep up with inflation.Capital protection funds are a mix of risk-free and high-risk portfolio and offer capital protection orientation and capital gain through a mix of debt and equity in the portfolio.
Capital Protection Orientation :
Endeavours to preserve capital by investing sufficient funds ( over 80%) in fixed income securities , so that, with the interest, it grows back to your initial capital value over a 3-year period. These investments will be made only in the highest rated (AAA) papers and in Government securities . They will be held until their date of maturity so that even if the interest rate drops in the next three years ,the scheme's objectives will not be affected.
Capital Gain:
Generates capital appreciation by investing a part of the funds ( under 20%) in equity The equity portion will be invested in stocks forming part of the S &P CNX500 Index. Consequently it will be a multi-cap equity portfolio with a mid-and small-cap emphasis. This creates scope for attaining higher returns as compared to the broad market.
Suitability
If you are a Corporate Investor or a High Net Worth Individual:   You will find the tax efficiency of this Fund attractive; as gains will be taxed as long term capital gains. This enhances the level of post-tax returns on any wealth generated by the Fund.
If you are an experienced Equity Investor:   The profits that you have booked in the equity market and sitting idle in bank accounts is better invested in this Fund; it could generate further gains while protecting your capital.
If you are new to equity investment:   This is an excellent avenue to participate in the equity market with the comfort of capital preservation –especially suitable for first-time investors and those with a conservative mind-set.
Downloads :



Call your investment advisor now or SMS SFUND to 56767.

Disclaimer:
Mutual Funds and securities investments are subject to market risks. Please read the Statement of Additional Information (SAI) and Scheme Information Document (SID) carefully before investing. Copy of the SAI, SID, key information memorandum and application form may also be obtained from the offices/investor service centres of Sundaram Asset Management, its distributors and at www.sundarammutual.com.
Fund Facts: Name: Sundaram Capital Protection Oriented Fund Series 2 – 3 years; Type: Closed-end capital protection oriented scheme; Investment Objective: The objective of this Scheme would be to seek income and minimise risk of capital loss by investing in a portfolio of fixed-income securities. The scheme may invest a part of the assets in equity to seek capital appreciation. Investors are neither being offered any guaranteed/indicated returns nor any guarantee on repayment of capital by the Scheme. There is also no guarantee of capital or return either by the mutual fund or by the sponsor or by the Asset management Company.Asset Allocation: Fixed-income securities including money market instruments, if any: 80%-100% Equity and equity related instruments: 0%-20%. Exposure in derivative shall not exceed 50% of the net asset value of the scheme at the time of transaction. Benchmark: CRISIL MIP Blended Index. Terms of offer: Rs 10 per unit during the NFO period. Option: Growth option only. Minimum Investment Amount: Rs 5,000. Entry load: Nil. Exit Load: Not Applicable. NAV publication is available on business days.
CRISIL Rating Disclaimer: The scheme is rated 'AAA (so)' (pronounced "triple A structured obligation")by CRISIL. This rating indicates highest degree of certainty regarding timely payment of the face value of the units of unit holders on maturity of the scheme. The above rating is not a comment on the Net Asset Value (NAV) of the scheme in relation to its face value, if the units are repurchased at any time prior to the scheme's maturity date.
A CRISIL rating for a Capital Protection Oriented fund reflects CRISIL's current opinion on the like hood of timely repayment of the initially invested capital in the road instrument at maturity. It is not an opinion on the stability of the Fund's NAV prior to its maturity date. It does not constitute an audit by CRISIL of the Fund House, the scheme, or companies in the Scheme's portfolio.
CRISIL does not guarantee the accuracy, adequacy or completeness of the representations made by Sundaram Asset Management Company Ltd and will not be responsible for any acts of omission or commission by Sundaram Asset Management Company Ltd. CRISIL does not guarantee the completeness or accuracy of the information on which the rating is based. A CRISIL rating is not a recommendation to buy, sell or hold the rated scheme: it does not comment on the NAV or the market price or price or suitability for any investor. ALL CRISIL Rating are under surveillance. CRISIL reserves the right to suspend, withdraw or revise its rating at any time, on the basis of any new information or unavailability of information or any other circumstances, which CRISIL believes may have an impact on the rating.
Scheme Specific Risk Factors: The Scheme offered is "oriented towards protection of capital" and "not with guaranteed returns". Further, the orientation towards protection of the capital originates from the portfolio structure of the Scheme and not from any bank guarantee, insurance cover etc. The ability of the portfolio to meet capital protection on maturity to the investors can be impacted by interest rate movements in the market, credit defaults by bonds, expenses and reinvestment risk. The fund may use derivative instruments such as Interest Rate Swaps, Forward Rate Agreements or other derivative instruments as permitted under the SEBI Regulations governing mutual funds and Guidelines. The use of derivatives will expose the Scheme risks inherent to such derivatives. Trading volumes in the securities in which it invests inherently restricts the liquidity of the Scheme's investments. Hence this Scheme is only appropriate for investors who have the financial strength to only invest available liquid assets and for three years.
General Risk Factors: All mutual funds and securities investments are subject to market risks, and there can be no assurance or guarantee that fund's objectives will be achieved. As with any investment in securities, the Net Asset Value (NAV) of the Units issued under this scheme can go up or down depending on the factors and forces affecting the capital markets. Main types are market risk, credit or counterparty default risk, risk of capital loss, liquidity risk etc. The NAVs of the units issued may be affected inter alia by changes in the general market conditions, factors and forces affecting capital market in particular, level of interest rates, various market-related factors and trading volumes, settlement periods and transfer procedures; the NAV is also exposed to price/interest rate risk and credit risk and may be affected by government policy, volatility and liquidity in the money markets and pressure on the exchange rate of the rupee.
Past performance of the Mutual Fund/Asset Management Company and/or Sponsor does not indicate the future performance of this Scheme. Investors in this scheme are not being offered any guaranteed or indicated returns. There is also no guarantee of capital or return either by the mutual fund or by the sponsors. Sundaram Capital Protection Oriented Fund Series 2 – 3 Years is the merely the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. Change in Government policy in general and changes in tax benefits applicable to mutual funds may impact the returns to investors.
Statutory: Mutual Fund: Sundaram Mutual Fund is a trust under Indian Trusts Act, 1882 Sponsor: Sundaram Finance Ltd. Liability for sponsor is limited to Rs 1 lakh. Investment Manager: Sundaram Asset Management Company Ltd. Trustee: Sundaram Trustee Company Ltd. There can be no Assurance that the investment objective of the Scheme will be achieved. The scheme does not guarantee/ indicate any returns. There is no guarantee of capital or return for this scheme.

Sundaram Towers 2nd Floor, 46, Whites Road, Chennai - 600 014. Ph: (044) 28578700
E-mail: marketing@sundarammutual.com Visit us at :
www.sundarammutual.com
Call Toll Free No.1800 425 1000
 

Friday, November 19, 2010

**[investwise]** Why US Retail Sales Are Up Despite Consumer Deleveraging (101118)

 


"Sales at US retailers climbed in October by the most in seven months, brightening the outlook for holiday shopping even as unemployment holds near 10 percent...Wait a minute. Isn't the consumer de-leveraging? Isn't he paying down debt and defaulting on his mortgage? How can he be increasing spending?...

http://www.stock-investing-software.com/commentary/articles.html?next=15349

Ian

This week's "Tools of the Trade": http://snipr.com/tools-of-the-trade

Explicit NON-commercial advisory: Spot-on, advantageous FREE information, products and/or services presented weekly.
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