Stock Market India - Buy Calls - IPO Updates - Online Share Trading

Videocon Industries Rights Issue - Price Fixed

Posted by admin

at March 10, 2010

Videocon Industries Ltd has announced that the Board of Directors of the Company at its meeting held on March 10, 2010, inter alia, has fixed price of Rs. 225/- (Rupees Two Hundred Twenty Five Only), inclusive of premium, per Equity Share for Issue of Equity Shares on Rights Basis. The ratio of Two Equity Shares for every Nine Equity Shares held in the Company for the purpose of the issue of Equity Shares on Rights Basis.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Rights Issue

DQ Entertainment IPO subscribed a staggering 84.25 times

Posted by admin

at March 10, 2010

Hyderabad based animation and entertainment production house DQ Entertainment (International)’s IPO (DQE) received bids for 111.35 crore shares compared with 1.32 crore shares on offer. The IPO was subscribed a staggering 84.25 times by 16:00 IST on last day of the issue today, NSE data showed.

The company has fixed the price band of Rs 75-80. The issue includes a reservation of up to 3.21 lakh equity shares of Rs 10 each for eligible employees.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

ipo

Indian Stock Market Calendar - 10-March-2010 to 13-March-2010

Posted by admin

at March 10, 2010

This stock market calendar is good information to know the board meetings for the purpose of EGMs, Bonus issue discussions, bonus share allocations and other company matter. Each day has been detailed with company name and event.

10/03/2010

Accel Frontline Ltd. - Board Meeting : Interim Dividend

Anu’s Laboratories Ltd. - Board Meeting : Amalgamation

Artefact Projects Ltd. - Board Meeting : Allotment of Equity Shares / Warrant

Atco Corporation Ltd. - Splits : Old Face Value : 10 - New Face Value

Bala Techno Global Ltd. - Board Meeting : Allotment of Equity Shares

BLB Ltd. - Board Meeting : Interim Dividend

Dynacons Systems & Solutions Ltd. - Board Meeting : Others

Hindoostan Spinning & Weaving Mills Ltd. - AGM 10/03/2010

Infotrek Syscom Ltd. - Board Meeting : Others

Moldtek Plastics Ltd. - Board Meeting : Allotment of Fully Convertible Warrants

Prism Cement Ltd. - Board Meeting : Interim Dividend

Simmonds Marshall Ltd. - EGM 10/03/2010 - To split Equity Shares of the Company from Rs. 10/-each to Rs. 2/-each & To issue & allot upto 140000 Equity Shares of the Company on preferential basis to Promoters and their Associates at a price to be computed
as per the SEBI Guidelines.

Sterlite Technologies Ltd. - Bonus: 1:1 (face value 2) Bonus issue in the ratio of 1:1 Splits : Old Face Value : 5 - New Face Value : 2 - Stock Split from Rs. 5/- to Rs. 2/-.

Tatia Global Vennture Ltd. - Board Meeting : Increase in Authorised Capital & Others

Videocon Industries Ltd. - Board Meeting : Others

Vishal Exports Overseas Ltd. - AGM 10/03/2010

11/03/2010

Bank of Rajasthan Ltd. - EGM 11/03/2010 - To issue and allot (with provisions for reservation on firm and / or competitive basis, of such part of issue and for such categories of persons as may be permitted), from time to time in one or more tranches for an amount not exceeding Rs. 250 Crs.

Best Eastern Hotels Ltd. - Board Meeting : Interim Dividend

Chembond Chemicals Ltd. - Bonus: 1:1 (face value 10) Bonus Issue of equity shares in the ratio of 1:1.

Diamant Investment & Finance Ltd. - Board Meeting : Allotment of Preferential Shares

MRF Ltd. - AGM 11/03/2010 - 190% Dividend

Nutraplus Products (India) Ltd. - EGM 11/03/2010 - To increase in Authorized Share Capital from Rs. 4,50,00,000/- div. into 45,00,000 Equity Shares of Rs. 10/- each to Rs. 5,50,00,000/- div. into 55,00,000 Equity Shares of Rs. 10/- each by creation of addl. 10,00,000 Equity Shares of Rs. 10/- each.

RamKaashyap Investment Ltd. - Board Meeting : Others

Shri Krishna Devcon Ltd. - Board Meeting : Issue & Allotment of Equity Shares

Sulzer India Ltd. - Board Meeting : Audited Results & Final Dividend

Swan Energy Ltd. - EGM 11/03/2010 - To increase the Authorised Share Capital from existing Rs. 19.25 Crs to Rs. 100.25 Crs & to raise long term funds by issue of further Securities upto an amt. of Rs. 300 Crs through public issue and/or on a private placement basis and/or QIP.

12/03/2010

Abbott India Ltd. - AGM 12/03/2010 - 170% Dividend

Escorts Ltd. - AGM 12/03/2010 - 10% Dividend

GlaxoSmithKline Pharmaceuticals Ltd. - Book closure date from : 12/03/2010 to : 25/03/2010 Dividend : 300.00%

Gujarat Foils Ltd. - Board Meeting : Increase in Authorised Capital & Others

Indiabulls Power Ltd. - EGM 12/03/2010 - To further invest Company’s funds into Indiabulls Realtech Ltd, by way of subscription to any Securities comprising of Equity Shares, Conv. or Non CPSs/OCDs/though purchase of existing Securities/in any other manner, for aggr. sums upto Rs. 2,500 Crs

Indiabulls Real Estate Ltd. - EGM 12/03/2010 - To consider various alternatives to restructure / reorganize the wholesale trading business of the Company by way of a Demerger, on a going concern basis, of the undertakings, business, activities and operations of the Company.

Indian Extractions Ltd. - Board Meeting : Others

KSB Pumps Ltd. - Board Meeting : Audited Results & Final Dividend

Saraswati Industrial Syndicate Ltd. - Book closure date from : 12/03/2010 to : 20/03/2010 Dividend : 100.00%

Shakti Pumps (India) Ltd. - Board Meeting : To issue Warrants to promoters

Sudal Industries Ltd. - Board Meeting : Allotment of Equity Shares

13/03/2010

Bajaj Hindustan Ltd. - Book closure date from : 13/03/2010 to : 18/03/2010 Dividend : 70.00%

India Securities Ltd. - Splits : Old Face Value : 10 - New Face Value : 1 - Stock split from Rs. 10/- to Re. 1/-

NTPC Ltd. - Board Meeting : Interim Dividend

Otco International Ltd. - Board Meeting : Others

Tata Teleservices (Maharashtra) Ltd. - EGM 13/03/2010 - For borrowing any sum or sums of money from time to time from any one or more of the Company’s bankers and / or from any one or more otherpersons, firms, bodies, corporate or financial institutions, whether in India or abroad.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Market News

Buy Calls - Escorts - 33% Gain Potential

Posted by admin

at March 9, 2010

Escorts
CMP: Rs 147
Target: Rs 195 (33%)
Investment: 12 months

Escorts has emerged leaner and stronger post its restructuring exercise, wherein it has exited unprofitable businesses and used the sale proceeds to reduce its debt burden from Rs8.8bn in FY05 to Rs4bn (gearing at 0.3x as of FY09). Core business segments (agri machinery, construction equipment and engineering equipment) are witnessing strong growth traction, and we see Escorts well-positioned to capitalize on the opportunity with adequate capacity and a new management in place. We expect 48% earnings CAGR for Escorts over FY09-12. Escorts’ priority from here would clearly be to optimize shareholder value by focusing on improving return ratios, targeting better working capital management and working on zero debt. Initiating coverage with Outperformer and a 12-month price target of Rs195 - 33% upside from CMP.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Buy Calls

Record date - India Securities Stock Split

Posted by admin

at March 9, 2010

India Securities has fixed 13 March 2010 as the record date for subdivision of 1 fully paid up equity share of Rs. 10 each into 10 fully paid up equity shares of Re. 1 each.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Record Date, Stock Split

NMDC FPO Priced at Rs 300-350 a share

Posted by admin

at March 9, 2010

The government on Tuesday said it has fixed the price band of NMDC FPO at Rs 300-350 a share, a hefty discount of 25 per cent from its last closing of Rs 400 a piece on the BSE, to attract retail investors.

Analysts said the government has offered attractive discount, apparently not wanting the risk its last divestment in PSUs this fiscal in which it aims to garner Rs 25,000 crore.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

ipo

Tatia Global Venture Stock Split

Posted by admin

at March 9, 2010

Tatia Global Venture was locked at 5% upper limit at Rs 110.55 at 14:49 IST on BSE, after the company’s board approved a 10-for-1 stock split. The stock hit a high of Rs 110.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 100.05 so far during the day. The stock hit a 52-week low of Rs 12.26 on 13 August 2009. The stock has risen 20.95% in four trading sessions from a recent low of Rs 91.40 on 3 March 2010.

The current price of Rs 110.55 discounts the company’s Q3 December 2009 annualized EPS of Rs 0.11, by a PE multiple of 1005. Tatia Global Venture’s net profit jumped 300% to Rs 0.04 crore on 43642.9% surge in total income to Rs 30.62 crore in Q3 December 2009 over Q3 December 2008. The company is engaged in manufacturing innerwear.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Stock Split

Indo Asian Finance Bonus Issue Approved

Posted by admin

at March 9, 2010

The members of Indo Asian Finance have approved the issue of bonus shares at the rate of 2 shares for every share (2:1). Further, the members have approved to increase the authorised capital from Rs. 3.75 crore to Rs. 15.51 crore. This was approved at the extraordinary general meeting held on 09 March 2010.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Bonus Issue

Record date - Well Pack Papers & Containers Bonus Issue & Stock Split

Posted by admin

at March 9, 2010

Well Pack Papers & Containers has fixed 17 March 2010 as the record date for subdivision of the equity shares of the company from Rs. 10 each into Re. 1 per equity share and also for issue of bonus equity shares in the proportion of 3 equity shares for every 4 existing equity shares held.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial

Bonus Issue, Record Date, Stock Split

Are Indian IT Shares Overpriced?

Posted by admin

at March 8, 2010

Indian IT companies have been working nearly nonstop for a decade, turning India’s cost advantages and technical expertise into booming revenue and profit growth. Although their stock prices collapsed during the downturn, they’ve zoomed higher with the recovery in developed markets. Since their 2008 troughs, the stocks are up by as much as 300%. Major players Infosys Technologies and Wipro sport market values of $33 billion each.

Now, probably it could be time for the shares to take a respite.

Valuations of the stocks far exceed the companies’ growth rates, and include a premium to the Indian market, which itself carries a historically high price/earnings ratio of 25 - even though India is expected to tighten credit. Wipro trades at 34 times earnings, versus a long-term growth rate of 16%. Tata Consultancy Services (TCS) trades at 22 times. Infosys’ multiple of 26 is nearly twice its long-term growth rate of 14. Yes, these stocks have often traded at lofty valuations, but now the risks are rising, too. If Infosys, for example, traded at its average P/E of 20 over the last 12 months, the stock would fall by 25%.

Risks in Indian IT Stocks

The companies are reaching historical highs and have recovered very nicely. There is too much expectation. The next level is Neutral - a trigger for a sale.

Other risks include U.S. protectionism, economic uncertainty and possible order delays caused by the U.S.’s proposed Volcker financial reforms (banks and financial institutions make up nearly a quarter of global IT spending), and a potential reversal in the resurgent dollar, which could hurt results.

A host of regional rivals want a slice of the business, including the Philippines and China.

Increased competition has rivals cutting prices on so-called applications development, or custom-software writing.

What you think about this? Is it right time to exit IT stocks??

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*

Morningstar Premium Membership - 14-day free trial