One of the textile company alok Industries announced its results today. As per the results they have grown around 283.02% which is Rs 289.62 cr of net profit on the Q2 ended Sept 30, compared to Q2 -2011. Last year net profit was Rs 75.61 cr in Q2 of last fiscal. In 2nd quarter of 2012, its net sales went up by 51.28% to Rs 3,324.77 cr , compared to Rs 2,197.70 cr in the same period of the last year.
“This performance is a reflection of the company’s strategy of diversifying products, markets and customers along with integrated business operations in cotton and polyester segments. We will continue its focus on improving operational parameters, exiting non-core businesses and monetizing them to reduce debt and improving cash flows,” Alok Industries Managing Director Dilip Jiwrajka said.
Exports contributed more for this quarter. Exports alone for the Q2 stood at Rs 832.97 cr, against Rs 786.99 cr in the same period of the last fiscal, registering a growth of 8.32 %.
Alok industries closed at Rs 11.83 in BSE which is 2.69% up.
One of the textile company alok Industries announced its results today. As per the results they have grown around 283.02% which is Rs 289.62 cr of net profit on the Q2 ended Sept 30, compared to Q2 -2011. Last year net profit was Rs 75.61 cr in Q2 of last fiscal. In 2nd quarter of 2012, its net sales went up by 51.28% to Rs 3,324.77 cr , compared to Rs 2,197.70 cr in the same period of the last year.
Indusind bank has announced its first quarter (April-June 2012) on July 10,2012. It reported a 31% YoY jump in net profit at Rs 236 crore. Major contribution by higher Net Interest Income (NII) and other income growth. One of the business channel CNBC TV18 poll expected the bank to post 27% growth in net profit in Q1. But the actual results exceeded the expectations.
Net Interest Income grew 24.1% YoY to Rs 484 crore while other income shot up around 49% to Rs 319 crore during the quarter.
"The Bank has coped well in a deteriorating operating environment to deliver a healthy growth in the bottom line and balance sheet while maintaining the quality of the loan book," Romesh Sobti, managing director and CEO, IndusInd Bank said.
the bank had more of retail loans compared to corporate credit. So this retail loans also one of the key contributor for these results. As on today(July12th) the stock was trading around 341 levels. In each decline one can accumulate this stock and it will reach 360 levels soon.
NOTE: YoY - Year over Year
Reliance Capital Ltd has announced their results during Board of Directors meeting held on May19 and they have recommended a dividend of Rs. 7.50 per equity share.It has posted a overall net profit of Rs. 5193.40 million for the year ended March 31, 2012 and during the last quarter of last year was Rs. 2292.70 million for the year ended March 31, 2011. so this quarter net profit is Rs 2900.7 million more compared to fourth quarter of last year. Total Income has raised from Rs. 19712.60 million for the year ended March 31, 2011 to Rs. 33169.40 million for the year ended March 31, 2012.
Name: Reliance Capital
BSE Script: 500111
On may 18th, the stock got opened at 285.20 and it got closed at 290.90
Telecom Regulatory Authority India (TRAI) announced its new rule as a mandatory thing for all the telecom network operators. As per this rule, all the operators should give per second billing option to customers. When TATA DOCOMO started GSM Services in India, they started announcing "Per second billing" option which attracted the Indian people and they became one among the top in the subscriber base with in few months from launch and they are doing very well in India. Just to compete with them other operators also started following the same “Per second billing" option.
TRAI said that all the operators should have up to 25 different tariff plans in which one should be "Per second billing" and it allows the operators to charge up to 4 times the existing tariff for premium services which includes calls and messages sent to TV & Radio contests etc. "The authority does not intend to restrict the growth of services involving content nor to curb the revenue streams available for the service providers," TRAI said.
India’s largest metal manufacturer Hindustan Zinc Ltd reported a 20% decline in 4th quarter profit, this is because of the lead and zinc prices fell drastically. Last year, 4th quarter they were able to make Rs 1,770 crore but in this 4th quarter the net income fell to Rs1410 crore. The company has announced its results on Friday after the market closed, so there was not much impact on the stock because of the Q4 decline. Stock gained 0.8% and closed at Rs 126.10 on April 20.
Zinc prices reduced by 16%, which is mainly required to rust-proof steel, the price averaged at $2,039 a tonne while lead fell 18% to $2,116 a tonne in the fourth quarter in London. This is the main reason for its Q4 Decline. Silver price rose by 2% to $32.6 an ounce. Silver is one of the precious metals which the company produces, it contributed some to its earnings.
When we look at the expenses of the company, it increased 17% to 16.4 billion rupees because of the higher royalty and fuel prices. Raw material costs more than doubled to 832.1 million rupees from 327.7 million rupees a year earlier. Its zinc production dropped 2% to 190,000 metric tons in the last quarter compared to last year Q4, while production of lead doubled to 37,000 tons, it said in an exchange filing on April 10. Silver output gained 77% to 88,000 tons.
As per SEBI's Public shareholding Norms, all listed companies from public sectors have to have minimum 10% of public shareholding and the same will be 25% for private sectors. the Securities and Exchange Board of India (SEBI) has said that it is not going to relax its norms that makes it compulsory for all listed firms to have, at least, 25% shareholding by the public.
SEBI chairman U.K. Sinha said on March13 that all listed companies from both public and private sectors will have to raise public shareholding to a minimum of 10% and 25% respectively, within the deadline and there won't be any relaxation. For the private listed companies the deadline will be June 2013 and for the public sector firms it is August 2013. Some companies are thinking that the SEBI may relax its norms on public shareholding, but SEBI chairman clearly said that this time he is going to make it compulsory for both public and private companies listed in Indian stock market. As per the latest data (February) available, Around 181 non-PSU companies which hadn’t met the shareholding norms. He said about Rs 27,000 crore will have to be mobilized by June 2013 by private sector firms and Rs 12,000 crore by public sector firms
Already many promoters of major real estate firms and private airline promoters are holding more than 80% stake in their companies. if they are not going to regulate them self then they will be affected by SEBI norms.
While talking about Initial Public Offering (IPO) process, Sinha said SEBI will come out with new guidelines on MIMPS (Manner of Increasing and Maintaining Public Shareholding in Recognized Stock Exchanges) in the another 2 months, he added.
One of the leading IT company Infosys on March13 announced that the dividend of Rs 22/share for the year 2011-12, this will be the final dividend for fiscal 2011-12.
During Board of directors meeting they have decided the dividend amount after seeing their results went up by 27.4% in the 4th quarter. They conveyed the same to Bombay Stock Exchange (BSE) and board of directors had also recommended a special dividend of Rs10/share for its BPO (business process outsourcing) completing 10 years.
In the third quarter, based on first and second quarter results Infosys gave an interim dividend of Rs15/share in Oct 2011 which is first half (April-Sept 2011) of fiscal 2012.
Including the present dividend announcement, in the last fiscal 2011-12, the total dividend from Infosys will be Rs47/share which includes the special dividend as well. With this the investors who invested in Infosys will get profit of Rs 47/share.
In March 12, Infosys was closed at Rs 2,750 and in march 13, it went all the way down to 2,403 which is around 12,6% down
Infosys announced that it will recruit 35000 more people in a year. in which around 13000 employees will be for BPO Operations and the remaining people will be working in Infosys technologies and subsidiaries.
“We are going to add 35,000 more people next year, which includes 13,000 people for the BPO operations,” Infosys Chief Financial Officer V. Balakrishnan said.
In the last quarter (4th quarter) Infosys including its subsidiaries hired 10,676 employees for the year 2012; currently the total strength was 1, 49,994 as on March 31. Along with this announcement Infosys announced it results today and reported a 27.4% jump in overall net profit at Rs 2,316 crore in the fourth quarter of FY’12, as against Rs 1,818 crore in the fourth quarter of FY’11.
Apart from the Indian recruitment, they are planning to hire around 1,200 employees in the US. In the past 2 years, it hired 1,200 employees in the US each year.
One of the india's power sector major and Wind turbine maker Suzlon announced its subsidiary REpower which UK based one has won an order from Renerco to supply eight 2.05 MW turbines for its 16.4 MW Cotton Farm wind farm in Cambridgeshire. REpower would be supplying 8 MM92 wind turbines which will be having a rated output of 2.05 MW each. once this is installed for Cotton Farm wind farm, then they will be able to supply power to nearly 10,000 homes in a year, This constraction is scheduled to start in Oct 2011 and is expected to be completed by Feb 2013.
"This is the 2nd order we have got from Renerco. Earlier we won the contract to supply five MM92 turbines for its earls hall wind farm in Dec 2011. The cotton farm wind farm adds to our growing portfolio with Renerco, and we look forward to working with them again," REpower UK MD Rick Eggleston said. Since its launch in 2004, REpower UK has delivered 37 onshore wind farms in England, Scotland & Wales and two offshore wind farms, with this order Renerco will be completely busy in 2012 to complete the major portion of work. This may help them to prove again in this wind turbine field. because of this the relationship between Renerco and REpower will get strengthen.
As of now suzlon is trading in indian stock market at very low price. today, it got ended with 24.45. If they get some more new projects they can bounceback from this lower level.
Petrol pump owners are planning to go for a countrywide strike from April 23. initially petrol pump dealers were demanding commission of Rs 393/kilolitre petrol and the ministry of Petroleum and Natural Gas has increased the price to Rs 281/kl.
The Federation of All India Petroleum Traders were not happy with this small increase in commission and this was very low compared to the recommendations given by the Apoorva chandra committee, appointed by the ministry. So the Petrol traders association wrote a letter to Union Minister of Petroleum and Natural Gas, Jaipal Reddy, stating that the failure in implementing the commission increase made them to go to extreme step of strike. There are 3300 petrol pumps are part of this Federation of All India Petroleum Traders (FAPT) so all these petrol pumps in india will be participating in the strike from April 23.
If this happens people would be getting affected adversely. I would suggest people to take a precautionary measure such as filing the tank full on April 22nd may help you up to certain extent.
India's telecom major Bharti Airtel is planning to start 4G services in india. already they started working with Qualcomm to get 4G license for Rs 6000 crore, Airtel on Tuesday(april10,2012) said it will be ready to launch 4G services in Bangalore in a month time.
"We will be ready for launching it (4G service) in Bangalore in 30 days time. We have selected Huawei (as network equipment vendor) for Bangalore," Bharti Airtel CEO Sanjay Kapoor told reporters in a call.
Today, Bharti Airtel announced that they are planning to launch 4G telecom service using TD-LTE technology in Kolkata. Chinese telecom equipment giant ZTE has been selected as a network provider for providing technology, equipments and service for 4G.
In indian stock market, the share went to 325.40 and its trading at 326.90 range which is approximately 1% down and it touched an intraday high of Rs 330.
It was trading with volumes of 117,913 shares. In the yesterday trading session, the share closed at Rs 330.35 which is 0.02% or Rs 0.05 down. Airtel's trailing 12-month (TTM) EPS was at Rs 20.32 per share. (as on Dec, 2011). Its's price-to-earnings (P/E) ratio was
16.16. The latest book face value of the company is Rs 115.42 per share. At present value, the price-to-book value of the company was 2.85. The dividend yield of the company was 0.3%.
US Based IGATE acquired PATNI computer systems for $1.2B in january 2012. IGATE listed in Nasdaq and now they are going to delist patni from indian stock market by paying Rs 520 per share against its floor price of Rs 356. altogether IGATE will spend $272 million to delist patni computer systems from stock market.
The company has received 15.9 million shares so far and it will all be saved in an Escrow account, Mr Phaneesh Murthy, CEO of iGATE Patni, said at a press conference. The other shareholders have another year to surrender their shares, he said.
The company development won't be having any major impact of the operational side of the business but will cover the way forward in iGATE Patni's plans to rebrand the company and remove “Patni” from the brand name, Mr Murthy said.
Based on the performance of the company in the 4th quarter of 2011, the company has received a loan extension to $265 million from bankers, Mr Murthy said. This brings the total debt to $1,035 million including the $770 million debt it had taken in April 2011 to complete the acquisition.
Infinity Group is planning to invest Rs 1,000 crore in Assam in another 3-4 years. Kolkata based Infinity is one of the real estate major and they are planning enlarge their footprints in the corporate offices and residential apartments segment.
"We are looking at investing around Rs 1,000 crore in Assam for various projects over next 3-4 years. Though we are now concentrated in Guwahati only, we are also exploring possibilities of expanding our business to other cities and also other states in the North East," Infinity Group Chairman Ravindra Chamaria said.
He said tier-2 cities(eg: Guwahati) offer huge opportunities in the real estate segment due to an economy growth and growing wealth among middle class and upper middle class people.
"We will be launching Guwahati's first IT Park at Madhgharia locality in the city within the next few months. It will have an area of 20 lakh square feet and will have food court, office space and residential area, among others," Chamaria said .
"Besides, work is on for a mass housing complex in the city to cater to the mid segment residential market. It will have around 700-800 flats of 1,200-1,800 square feet," he added.
The total investment by FIIs in Indian stock market during 2011-12 is Rs 47,935 crore and which was the ever low in the past 3 years. As per the SEBI data, In 2010-11 it was Rs 1.1 lakh crore and Rs 96,857 crore during fiscal year 2009-10.
The same kind of trouble situation happened in 2008. In 2008-09 fiscal year, Foreign Institutional Investors (FIIs) had sold shares worth Rs 47,706 crore which brought the market completely down. Because of global economy slowdown,inflation, interest rates, revised norms and the rupee fall made the foreign investors to be very cautious in financial year 2011-12.
But in Jan-March 2012 period of the fiscal saw good FII inflows in the market. In Rs 47,935 crore, Rs 43,951 crore came during the last quarter of FY12. with the current FII inflows the market will be looking good in the near future and one can start investing from now on.
"FIIs have been infusing money into the Indian market due to change in RBI's monetary policy that has added liquidity to the system. This liquidity will help in growth of the country," Wellindia executive director Hemant Mamtani said."Indian market will continue to witness inflows in the whole year, if the liquidity conditions remain strong," he added.
One of the Japanese automotive major Toyota announced that it plans to assemble its first class sedan, Camry locally in India and they decided to have their assembly unit in its Bangalore factory only. From July they are planning to start the assembling of cars and by August end it will be available in the market with new revised price.
So far Toyota used to import its premium car Camry from Japan and that too they will be importing around 250 – 300 cars only. Other competitors are assembling the same segment cars in India. For eg Skoda Superb, Volkswagen Passat & Honda Accord.
For the cars imported to India which is completely assembled in other country, then the importing the duty will be around 100% which will double the car price in India. Now Camry price will become cheaper as its going to get manufactured here locally.
Toyota Camry will be priced above Rs 20 lakh but the exact price will be announced during the launch. The company is already exporting its entry level Etios and Liva to South Africa. By this year only they are planning to export 20,000 units of both type of cars South Africa.
Indian Finance Minister Pranab Mukherjee is expecting the inflation would be 6 to 7%. If it goes below that, then the growth will be adversely affected. This range will be moderated one and this can be taken into account during formulation of policy rates by Reserve Bank of India (RBI).
Earlier the inflation was so high and the food inflation was as high as 22 %. "I had to take corrective measures as these high figures were not desirable," he said. In Feb 2012, inflation as measured on the Wholesale Price Index (WPI) rose to 6.95 %, against 6.55 % in March 2012.
Mukherjee said that the 2012-13 Budget was placed with a view of fiscal consolidation, control of inflation and bringing back India to a right route of sustainable growth.
Tata Motors is planning to invest around Rs 600 cr for setting up of a manufacturing plant to develop Futuristic Infantry Combat Vehicles (FICV)."The development cost of FICV could be around Rs 300 cr and a manufacturing plant for the same could be around Rs 250 cr or 300 cr," Tata Motors Commercial Vehicles Business Unit President Ravi Pisharody reporters here.
Once after getting the confirm orders from Indian government only they are planning to set up a plant to manufacture Futuristic Infantry Combat Vehicles (FICV)
Tata Motors is one among the 4 companies which have received invite to supply around 2,000 units, Pisharody said. Still the tender is yet to be completed so we can’t conclude on the final decision about setting up of the plant.
If everything goes fine then they are planning to set up a manufacturing unit in Karnataka (Dharwad), India.
Tata motors revenues from defence business is expected to be Rs 1,000 cr in this fiscal year, this is 50% increase over the last year. In the next fiscal, they are looking at 25-35% growth. Already the company got order for Rs 250-300 cr to supply landmine protected vehicles for Maharashtra and Jharkhand. Now the firm is in the examining stage to enter into the Middle East market for its defence vehicles. Currently it exports to Nepal, Sri Lanka, Africa and Afghanistan (US agencies).
Bank of Baroda (BOB) Share holders have approved the bank to raise funds through preferential issue. BOB has informed Bombay Stock Exchange (BSE) that the Bank has allotted 1,95,77,304 equity shares at Rs. 840.10 cumulatively to Rs. 1644,68,93,090.40 to Life Insurance Corporation (LIC) of India on preferential basis.
In 2011, the government infused Rs 2,461 crore in the bank. BoB posted 20.7 % rise in net profit at Rs 1,289.85 cr in the 3rd quarter of the current fiscal on the back of better growth in its core income
Stock Name: Bank of Baroda
BSE Script code: 532134
Last Traded Price: Rs 793.65 on EOD March30th2012
India’s one of the leading oil company Oil & Natural Gas Corporation (ONGC) has joined hands with US based ConocoPhillips for exploration and expansion of 19 new deepwater oil & gas blocks. They are planning to explore shale-gas as well. This is going to be a one of the best deal for ONGC to make its company progress steadily.
ConocoPhillips is 3rd largest integrated energy company in US and 5th largest refiner in the world. This partnership between ONGC and ConocoPhillips could result in ONGC offering equity stakes in some of its blocks in India to them. ONGC have been looking for a partner for deep-water technology, shale-gas exploration and development for the past few months, ConocoPhillips agreed for the same.
ONGC chairman and managing director Sudhir Vasudeva, however, said there was no financial transaction between the two companies. “The memorandum of understanding is about getting into technical evaluation of 19 deepwater blocks and also shale gas,” he said. The 1st phase involves assessment of data across Damodar, Cauvery and Krishna-Godavari basins.
Stock name: Oil And Natural Gas Corporation Ltd.
BSE Script code : 500312
Last Traded Price: 267.30
ONGC share was up by 2.45 % at the end of day March30th 2012
The Stock market regulator SEBI has announced new checks in algorithmic trading or high-frequency trading, they issued new set of guidelines to avoid the potential risk which can be caused by automated Software’s used by stock brokers to do trading in exchanges. Stock exchanges have to make sure that all algorithmic orders (Automated orders by software) are directed through broker servers located in India and the suitable threat control mechanism to address the risk or issues coming from algorithmic orders during the trades.
What is meant by algorithmic trading?
Nowadays all the stock market firms started using the latest software’s to place an order and those software’s are getting enhanced periodically to speed up the transaction. It used mathematical models and powerful computers to order trades at ultra fast speeds when compared to manually punched trades, these trades are faster which will benefit from quick change in prices during the transaction, This is also called as high-frequency trading.
As per the new announments from finance ministry indian small saving schemes will give you a higher return from the april 2012 after government announced changes in the rates in line with the higher market rates. almost 0.2% to 0.5% has been increased in different categories. Now a 10-year National Savings Certificate (NSC) will yield you 8.9% while the popular Public Provident Fund (PPF) will yield 8.8%. The savings deposit rate is unchanged at 4%.
The small savings schemes was not performing well in the recent years as the rate was very less than what was offered by other instruments. Now with effective rates, the total Net outflow would be Rs 12,000 crore from small savings schemes in the current year starting from April 2012. still when we compare with private banks this is still lesser than what we will get in private banks. HDFC offers 9% on a term deposit of one year. With revised rate, post office deposit of one year is 8.2%.
Oil companies are planning to increase the price of the petrol by Rs 7.5 after hearing from the oil secretary. As per the report, oil secretary asked retailers to raise the petrol prices by Rs 7.5 to compensate the losses which is occuring now. currently these oil companies are losing Rs 6.43/ litre. Oil secretary GC Chaturvedi added that the ministry has asked for additional Rs 40,000 crore cash subsidy for FY12.
"The total under-recovery, as I had indicated several times, is approximately Rs 1,40,000 crore. The finance ministry has agreed, for first three quarters, Rs 45,000 crore. Few companies have already contributed around Rs 5,300 crore. The remaining under-recovery is our request to the FinMin be given for the fourth quarter," Chaturvedi told press.
Stock Name: Housing Development & Infrastructure Ltd (HDIL)
Script Code: 532873
BUY PRICE: RS 80 - 82
Target : Rs 150
Months : 3 - 4 months
If you buy this stock below 80 levels it would be a good buy. Once upon a time this stock went to 900 to 1000 range and all. for long term prespective HDIL would be a great stock one can hold it. while buying the the stock don't buy huge number of shares. how much ever you want to buy, in that buy only 30% at this level. if further it goes down you can buy another 30% this would be a great strategy to follow.
India's largest bank State Bank of India (SBI) has allowed their existing home loan customers to reprice their existing loans at lower rates which will be a relief for the customers. This can be availed by the existing home loan customers by paying 1% of the outstanding amount. This would mainly to help all borrowers whose home loans interest is as high as 14.75% at present. At present the floating rate of SBI bank is linked to the base rate of 10%. Its current floating rates vary from 10.5% for loan amount up to Rs 30 lakh, 10.75% for between Rs 30 to 75 lakh, and 11% for loans above Rs 75 lakh.
"We thought of giving an option to our existing home loan borrowers who are on the prime lending rate to switch over to the new floating rates that are much lower than our prime lending rates. Anybody can reprice their loan by paying a 1 per cent of their outstanding as an upfront fee," managing director and chief financial officer of the bank, Diwakar Gupta, told Press.
This is to avoid the borrowers switching their loans to other banks. SBI is convincing the customers with this new method to reduce their interest burden.
Stock Name: Shiva Global Agro Industries Ltd
Scrip code: 530433
Listed in : Bombay Stock Exchange (BSE)
BUY PRICE: RS 23
Target : Rs 50
Stop loss: Rs 20
Months : 1 - 2 months
TVS Group subsidiary TVS Logistics acquired UK-based Universal Components for Rs 100 crore, Universal components is wholesale distributor of commercial vehicle parts. This is one of the biggest acquisitions for TVS Logistics. Its Managing Director R Dinesh told reporters that the total amount spent on this acquisition is Rs 100 crore It was made through the Special Purpose Vehicle into Universal Components, he added
This acquisition would surely help TVS group to develop its presence in the commercial Vehicle spare parts business in other Asian markets and help to get new clients from UK for their existing spare parts. this was done through TVS Europe Distribution, so now TVS Europe Distribution has 90 % of Universal Components UK Ltd. the present MD of Universal Components David Kernahan would continue to head the business, sharing his knowledge with TVS.
As a last option to save Kingfisher airlines from the trouble UB Distributors is giving helping hand with Rs 1000 crore. This will fulfill the banks request on the existing loans which will make the way clear to allocate fresh funds to help kingfisher. Even this announcement about the investment is still under discussion and will be finalized in another 48 hours. Suppose if these funds coming into Kingfisher Airlines means it will be coming as "associate" of UB Group. Again this will be a debt or they have to take equivalent equity. Apart from this some of the Kingfisher bank accounts are not frozen, so they can clear the income tax, service tax dues. Initially it agreed to pay only Rs 10 crore and now they said they can pay Rs 44 crore in a day or two
The banks have a total exposure of over Rs 7,000 crore, of which Rs 4,000 crore is in the form of term loans. So it will be very difficult for kingfisher airlines to some out of this issue completely. Because if they are getting fresh funds from bankers, will they be able to repay it? Whether they have clear business plan to come up in near feature? These kinds of questions are arised by the bankers. If they are not able make the critical payment for bankers, then the banks will take necessary actions against the non performing asserts such as villa, corporate office, two helicopters and ATR aircraft, which was valued at Rs 4000 crore approximately.
Today (March 26, 2012) the stock touched its all time low, it went down by 6.7% and closed at Rs 16.75
Opto Circuits India decided to give three bonus shares for every ten shares and informed the same to Bombay Stock Exchange (BSE). In the announcement to BSE they mentioned that the Record date for the purpose of issue of Bonus shares in the Ratio of 3:10 which has been already approved by the shareholders through Postal Ballot is fixed on 31st March, 2012. the stock was doing average and it went up to 290 range in february,Yesterday it was closed at Rs 274.90 and after this bonus news the stock went down drastically to 254.75. It is one of the best stock one can hold for long term which is yielding good amount of profit in the recent years.
Stock Name: Opto Circuits India Ltd.
Script Code : 532391
Last traded Price: Rs 254.75 on March 26th 2012
As a part of indian union budget 2012 the excise duty has been increased from 10% to 12% which leads to price hike in auto sector. India's largest car maker Maruti Suzuki has increased the prices of its cars by up to Rs 17,000.This will be applicable fr all the car models ranging from Maruti 800 to top model SX4. It will be approximately 1.75 % increase in the car prices.
The increase in the price for each car model is listed here
Maruti 800 - Rs 3,500 to Rs 3,900
Alto (800 cc) - Rs 4,200 to Rs 5,900
Alto K10 - Rs 5,500 to Rs 5,700
Wagon R - Rs 6,000 to Rs 7,600
Swift - Rs 7,700 to Rs 11,900
Swift Dzire - Rs 8,500 to Rs 12,700
SX4 - Rs 9,400 to Rs 17,000
The price hike will also impact Maruti's other models such as Estillo, A-Star, Ritz, Omni, Ecco and Gypsy, which will now be increased by Rs 3,700 to Rs 10,000 depending on the model.
Stock Name:MT Educare Ltd Issue open date : 27-3-2012 (March 27) Issue close date : 29-3-2012 (March 29) Issue price : Rs 80.00 Lead Managers : ENAM SECURITIES PVT LTD Total amount : Rs 35.00 Crores Total size : 43,75,000 shares
Many Indian products are getting faked by Chinese manufacturers. Especially FMCG sector giants Dabur and ITC products has been faked in china and supplied across india, africa and other part of world. Every year india is losing $5 billion because of this "faking" India's fourth largest FMCG firm Dabur India has conducted a raid in china and found that the Dabur products are getting faked, but Chinese government has not taken any action against them. These fake products are getting manufactured in china with "Made-in-India" label and exports across the world. These fake products are sold for very cheap prices; this sub standard fake product causes huge damage to the brands reputation. The consumers using the fake products may lose interest in this top brands. ITC's one of the cigarette brands is faked and supplied widely in the states like Chhattisgarh, Bihar and Uttar Pradesh. Even big international brands such as Nokia, Adidas, Reebok and Nivea were also widely counterfeited in China and supplied in India and other parts of the world. Federation of Indian Chambers of Commerce and Industry (FICCI) formed a panel called "FICCI-Cascade" that expands into a committee on anti-smuggling and counterfeiting activities which is destroying indian economy. The committee is working closely with the government to control this activity. According to a report by think tank Indiaforensic Research Foundation, the total loss to the indian economy annually due to crimes such as counterfeiting, commercial fraud, smuggling, drug trafficking, bank fraud, tax evasion and graft is estimated at Rs.22,528 crore.Being a consumer we have to be very careful while buying the products. Buy products from the reputed stores only which will help us to aviod such fake products
DLF Brands has attractive future plans to expand its retail business in india. It is a subsidiary of reality sector giant DLF Ltd, They are planning to introduce more international brands into India and working hard to open at least 50 new outlets every year in our country. Already talks are going on with a European cosmetic company to roll out their brand in India. As of now DLF Brands operates standalone stores for 11 global brands in India, including Armani, Boggi, Sunglass Hut, Alcott, DKNY, Claire and Mothercare. Apart from this they are currently talking with several international brands to bring them into India. In another three months the exact partnership details will be announced.
Stock Name:National Buildings Construction Corporation Ltd
Issue open date : 22-3-2012 (March 22)
Issue close date: 27-3-2012 (March 27)
Issue price : Rs 106.00
Lead Managers : IDBI CAPITAL MARKET SERVICES LTD and ENAM SECURITIES PVT LTD
Total size : Rs 127.20 Crores
Total size : 1,20,00,000 shares
One of the new telecom operator Uninor’s 122 licences got cancelled by the Supreme Court in Feb 2012, Now they are looking for a new partner to start freshly.
Uninor is a joint venture between Norwegian Telenor and Indian realty major Unitech. The Norwegian government holds the majority stake (Around 70%) in Telenor. As the case is still going on in court, telenor looking for a new partner and already some interested parties have been approached and the FIBP (Foreign Investment Promotion Board) application also filed.They don’t want to disclose much info about the future plans.
Uninor is currently working on the following things
1)Find a solution with the current partner(Unitech) before applying for new licence
2)New partner to come in, Once solution is finalized with Unitech
3)transfer assets from the old company into the new company
Both Unitech and Telenor have been fighting a legal encounter over the control of Uninor. Unitech has already approached the Company Law Board (CLB)seeking mediation in the issue. So far telenor has invested about Rs 15,000 cr in India.Because of this licence cancellation dispute uninor lost around 20% subscribers in india
In Feb 2012, uninor became 2nd largest operator in tamilnadu with 3.21 lakh customer’s addition and Aircel is in 1st position with 3.43 lakh. In Tamil Nadu, Uninor has about 3,500 retailers and has more than 19 lakh customers in total.
Kingfisher Airlines is looking for bank funding to get rid of the issue. As of now the company is in trouble in paying the dues for Airport Authority, Salary dues, existing loans. In this financial instability they are expecting a fund from major banks for which the banks denied as the existing loans are nit closed and at present the kingfisher airlines has cancelled many number of flight operations in both domestic and international. So they are not performing well in the aviation industry. Most of the major banks in india including State Bank of India
(SBI), Punjab National Bank (PNB) and Bank of Baroda have identified loans to Kingfisher as non-performing and they may not be able to repay the money on time. According to asset classification norms by Reserve Bank of India (RBI), an account becomes non-performing if the principal and/or interest are due for more than 90 days.
They immediately need Rs 2,500 cr as working-capital loans to clear its dues and get back on track.
Kingfisher’s share price has gone down drastically in the past one month from Rs 29.15 to Rs 17.95 and many stock broking firms suggests to sell it off
Stock Name: Kingfisher Airlines Ltd
Script code: 532747
Last traded Price: Rs17.95
One of the Leading FMCG Sector company Nestle India has informed Bombay Stock Exchange (BSE) that the Register of Members and Share Transfer Books of the Company will remain closed from March 23-30, 2012 for the purpose of Payment of Final Dividend the same will be discussed in the Annual General Meeting (AGM) of the Company which will be held on coming Friday, March 30, 2012
Stock name: Nestle India Ltd
Scrip code: 500790
Last Traded Price(March23, 2012) : Rs 4690.00
One of the blue chip company HDFC Bank Ltd, which is India’s one of the largest private sector bank announced their Q3 results on thursday. As per the data published the net profit in the 3 months ended 31st Dec 2011 rose 31% which is Rs. 1,429.7 cr, the major contribution towards this profit is from loans, fees and commissions.Earnings per share is calculated and it is Rs. 6.1 raised from Rs. 4.6 last year. HDFC Banks earnings beated the predictions which is around Rs. 1,380 cr net profit for the month ended December quarter.
Nippon Life Insurance signed a memorandum of understanding (MoU) and acquired a 26% stake in Reliance Capital Asset Management (RCAM) for Rs 1,450 cr. Nippon life insurance is one of the Japanese company and this is the biggest foreign direct investment in the Indian mutual fund sector. Reliance Capital Asset Management is part of the financial services arm of Anil Ambani's Reliance Capital. According to a press release, this deal was taken place as per the suggestion by Morgan Stanley. The total value of Reliance Life Insurance is around $1.1 billion which is approximately 6.64% of Nippon life insurance's total assets This is one of the biggest deal taken place after two years in the Indian market.
Air India flight operations are blocked due to strike by pilots and they reported sick as part of their 'work to rule' stir against the Air India's management failed to pay the salary and allowances for the past 5 months. So government started looking into this issue to resolve it as soon as possible.
More than 15 flights were cancelled due to the strike. the particular flights such as Nagpur, Ahmadabad, Chennai, Leh, Bangalore, Bagdogra, Amritsar and Kolkata were cancelled from Delhi after 22 pilots in the national capital reported sick, seven flights were cancelled from Mumbai due to this issue.
Protesting non-payment of their salary and allowances, a section of Air India pilots had yesterday decided to go on "no-pay-no-work" formula from Friday night.
India’s one of the largest software service based company Infosys announced its results on Jan12. As per the announcement the net profit for the third quarter ended Dec 31 rose to 23.72 billion rupees from 17.8 billion rupees which is 2011 Q3. All together the total revenue rose to 30.8% which 92.98 billion rupees.
Many brokerage firms have forecasted the net profit will be around 22 t0 23 billion rupees. It exceeded the expectations.Infosys is india's $76 billion IT services industry is driven by global demand for outsourcing and competing with Accenture and IBM for contracts to maintain new software services projects.
For the past three days market was trading in the positive trend. Yesterday it raised more than 2% and today Indian market ended in a flat position. During closing Nifty up by 11.40 points (0.24%) at 4,860.95 and the Sensex ended up 10.77 points or 0.07 per cent at 16,175.86. This is one of the fluctuating trading session in which the market was going up and down many times and ended up in a flat level. As of now there is no good or bad news which can significantly affect Indian stock market.
This volatile trading session may be good for the people those who are doing day trading and they can make good profit as the stocks were going up and coming down frequently in a day again which is highly risky.
The Top gainers in the market are as follows
Sesa Goa, Sterlite, Axis Bank, Hindalco, BPCL
The following are the top losers today
Jindal Steel, PowerGrid, Grasim, TCS, Cipla
Satyam Computer Services which is presently known as Mahindra Satyam, is exercising care on damages claimed in a suit filed against its previous board of directors, certain workers and audit firm PWC to stay away from paying a higher non-refundable court fee initially. As per the sources, the company has to pay 1% of the total costs claimed in the petition as court fee and in future, it may look for more damages (costs) once they settle all the issues. The total claim will assume meaning once the trial against ex-chairman B. Ramalinga Raju and others in a local court is done with the trials. If the justice goes against the accused, the compensation claim will have more strength, sources explained.
"1% becomes big if the damage runs in to 1000 crores. It is not wise to pay such amount initially as the company is yet to make payments in different issues that the company agreed to settle," sources told Press folks
BSE Ltd and Morningstar India came up with collaboration , launched a exclusive website to help investors with relevant information and tools on mutual fund investment opportunities in india.BSE STAR MF(Mutual Fund) is the BSE's exchange traded mutual fund transaction platform and allows subscription and redemption in 29 Mutual funds in the industry. Lot of people have invested on Mutual funds and they don't have a centre place to get any info and growth and investment oppourtunities in mutual fund industry.These partner mutual funds on BSE StAR MF together account for around 92% of the industry's Assets Under Management (AUM). In this exchange traded mutual fund field,there is a need for a dedicated website for investors that would not only provide insights of Mutual funds to the common investor but it would also provide analytical tools used internationally, which will be useful for the investers to monitor mutual fund investments and future views etc..
The URL of the website is http://bseindia.morningstar.in
At the launch, BSE MD & CEO, Mr. Madhu Kannan, said, "We have been receiving good response to our Mutual Fund Platform - BSE StAR MF, which has a dominant market share in the exchange traded Mutual Fund space and hence felt the need to help various stakeholders that include our members, distributors and investors by giving them access to international quality research tools to improve the quality of their advisory decisions. We hope that this valuable facility empowered by Morningstar will be used extensively for more informed and smart investing."
Mr. Aditya Agarwal, MD of Morningstar India, said "We are delighted to be associated with BSE in this initiative of providing advisors and investors with high quality research and analytical tools on mutual funds. At Morningstar, we are always looking for ways to provide investors with information to help them make informed decisions, and the launch of this website is a step in this direction. The website would provide rich content to the users and would make available our proprietary data points, including our style box, star ratings and analyst ratings.”
One of the car market segment leader Maruti Suzuki India Ltd unveiled india’s first Multi Purpose vehicle (MPV) on Jan 6th 2012. Its named as “ERTIGA” it’s very compact and easy to park, stylish, sporty with an elegant appearance. One of the key factors for the success of the Ertiga will be its fuel efficiency and Maruti is claiming a mileage figure of 16kmpl for the petrol and 20kmpl for diesel. While the actual figures may be little lesser these are still commendable figures for a vehicle of its size.
The quality and interiors are great which will attract customers for sure. Both Petrol and diesel versions are available. The Ertiga is launched in india with an aim to introduce a new market with 3 row new models of vehicles. It offers a three row flexi seating options for 7 persons with high storage space. Maruti have announced that they will be launching the Ertiga by the end of March 2012 or April first week.
This will be one of the key for maruti as they don’t have one as of now. May be we can expect a growth in this new car segment which will help them to show good results in the upcoming quarter’s.
26th jan thursday Republic Day
20th Feb Monday Mahashivrathiri
8th Mar Thursday Holi
5thApr Thursday Mahavir Jayanthi
6thApr Friday Good Friday
1stMay Tuesday Maharastra Day
15thAug Wednesday Independence Day
20th Aug Monday Ramzan
19thSep Wednesday Ganesh chathurthi
2ndOct Tuesday Gandhi Jayanthi
24thOct Wednesday Dussera
26thOct Friday Bakrid
13th Nov Tuesday Diwali-Laxmi pooja
14th Nov Wednesday Diwali
28th Nov Wednesday Gurunanak Jayanthi
25th Dec Tuesday Christmas
Tata Consultancy Services Ltd is planned to have their Board of Directors Meeting on January 17,2012 and informed the same to Bombay Stock Exchange(BSE). The main objective of that meeting is to approve and release the audited financial results for the quarter and 9 months ended December 2011 and to decide and declare the 3rd interim dividend to the shareholders
Company Name: TATA CONSULTANCY SERVICES LTD
Script code: 532540
Price: 1171.35 (As on Jan 6th, 2012)
Company Name: Goodwill Hospital & Research Centre Ltd
Issue Opens on: Dec 30, 2011
Issue Opens on: Jan 09, 2012
Issue Size: Equity of Rs. 10
Total Issue Size: Rs. 62.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 175 - Rs. 185
Minimum Order Quantity: 1 lot (35 shares)
Listing At: Bombay Stock Exchange(BSE) and National Stock Exchange