The Bull and The Bear

Avanti Feeds

2015-11-13T06:34:00.004-08:00

Avanti Feeds has fixed 27th November 2015 as record date for sub division of its shares with face value of Rs.10 to Rs.2. One share will be 5 share after split.

Natco Pharma

2015-11-13T06:10:00.002-08:00

Natco Pharma will subdivide shares from Rs.10 face value to Rs.2 with effect from 28th November 2015. So if you have one share after division you will have 5 shares and the price will also reduce to nearly by same ratio. But liquidity of the shares will increase as there will be more shares and less price.

2015-11-13T06:05:00.000-08:00

First date of trading after Deepavali saw NIFTY decrease by 62 points to 7762 points.
The BSE also followed, down by 256 points to 25610.

Dilwali 2015 Picks

2015-11-11T06:02:00.001-08:00

Diwali Picks by Vachana Securities (Mr. Rudramurthy)

Shilpa Medicare
Pioneer Distilleries
Ramco Industries
India Terrain
Gokaldas Exports

Diwali Picks 2015

2015-11-10T07:21:00.001-08:00

Diwali 2015 picks from various brokerage houses - taken from moneycontrol.com

#1 Infosys-- Motilal Oswal recommends buying the IT major with a target price of Rs 1250 per share. It says given the good performance in the last 2 quarters and expectations of a gradual improvement in performance, valuations should see an uptick. The 5.9 percent sequential growth was an industry leading growth. Prabhusdas Lilladher also has buy rating on the stock with a target of Rs 1440 per share. It expects Infosys to return to industry revenue growth by end FY16 and grow ahead of industry in FY17.

#2 HDFC Bank-- Motilal Oswal maintains buy with a target price of Rs 1350 per share. Despite the recent capital raising, return on equity (RoE) is expected to be 19-20 percent in FY17-18. “Comfort on earnings remains high with 20 percent as the new normal in terms of profit growth, “ it adds. HDFC Bank is one of the top-picks of Prabhudas Lilladher maintaining bUy rating with a target price of Rs 1200 per share.

#3 BPCL-- Motilal has a buy rating with a target of Rs 1178 per share. It expects earnings boost in the near term from lower interest cost led by lower working capital due to diesel deregulation and oil price decline and higher auto fuel marketing margins. It has raised our valuation multiple as expects marketing business to command higher valuations as pricing freedom will improve profitability.

#4 State Bank of India-- Prabudas Lilladher retains buy rating with target price of Rs 350 per share. It says that the PSU has shown some early signs of stabilization in asset quality as fresh slippages have trended lower while management sounded optimistic about revival in capex cycle.

#5 Tata Motors -- Tata Motors recommends buy rating with a price target of Rs 518 per share. It believes that JLR faces a short-term negative outlook due to weakness in China. However, with its strong product portfolio, JLR is in a good position to counter the slowdown there as well as increase its sale in other geographies, thereby resulting in a positive outlook from a medium‐to-long-term perspective.

Diwali Picks 2015

2015-11-10T06:57:00.001-08:00

Diwali Picks 2015 (DSIJ)

Adani Ports and Special Eco. Zone
Dish TV
HDFC Bank
Kolte Patil Developers
Marksans Pharma
Nestle India
Tata Motors

Diwali 2015 Picks from various Brokerage Houses

2015-11-10T06:54:00.000-08:00

Diwali Picks 2015 by various Brokerage Houses - taken from Financial Express Online

1) Bajaj Finance
Recommended By: Sharekhan
Why Buy: The brokerage house believes Bajaj Finance is the best play on India’s consumption theme and mortgage market. Sharekhan is positive on Bajaj Finance’s business model and strong earnings performance and expect it to trade at a premium to the other NBFCs.

2) Britannia Industries
Recommended By: Sharekhan
Why Buy: Britannia is the second largest player in the Indian biscuit market with about a 30 per cent market share. It has an aggressive growth strategy to sustain a double-digit volume growth in the biscuit segment by enhancing its product portfolio. According to Sharkhan, with its healthy balance sheet and impressive return ratios, it is a strong investment bet.

3) Sangam India
Recommended By: Sharekhan
Why Buy: Sangam (India) is a dominant player in the domestic dyed poly viscose (PV) yarn market (around 25 per cent share), it has further moved up the value chain in garmenting by entering into lucrative women’s intimate & active wear segment by setting up a garmenting facility and distributing garments under its own brand name, Channel Nine. With an expected high double-digit steady growth rate in earnings over the next couple of years and increasing contribution contribution from branded branded garments garments segment segment (B 2 C business), Sharekhan sees a potential for multiple re-rating of the stock.

4) Tata Motors
Recommended By: Prabhudas Lilladher
Why Buy: The bokerage house is positive on Tata Motors and have a ‘Buy’ rating with a price target of Rs 518. Prabhudas Lilladher believes that JLR faces a short-term negative outlook due to weakness in China. However, with its strong product portfolio, JLR is in a good position to counter the slowdown there as well as increase its sale in other geographies, thereby resulting in a positive outlook from a medium‐to-long-term perspective. In the India business, with M&HCV volumes already on the move, and a recovery expected in LCVs by 4QFY16, the turnaround in India operations would get completed in FY17.

5) JK Laxmi Cement
Recommended By: Prabhudas Lilladher
Why Buy: JK Lakshmi cement is the fifth largest cement producer in North India with around 7 per cent market share in the region with a capacity of 9mtpa. This backed by one of the most efficient operations, entry into the most profitable eastern region with a capacity of 2.7mtpa, and increasing consolidation in Gujarat (around 40 per cent of its total volumes) ranks the company as one of top pick in th sector with a price target of Rs 450 at EV/T of US$100 FY17E capacity of 12m tonnes.

6) Infosys
Recommended By: Prabhudas Lilladher
Why Buy: Prabhudas Lilladher expects Infosys to return to industry revenue growth by end FY16 and grow ahead of industry in FY17. Multiple strategic initiatives (Zero Bench, Zero Distance, ) spearheaded by Dr Sikka are at various stages of implementation and signs of early success are reflected in strong 1HFY16 revenue growth, deal wins, better client mining and efficiency benefits. The brokerage house expects full benefits to flow in by FY17-18 and that should result in Infosys leading industry growth with margin improvement. Stock is trading attractive at ~17x FY17 EPS, Prabhudas Lilladher have ‘Buy’ rating with target price of Rs 1,440.

7) ITC
Recommended By ICICIdirect
Why Buy: ICICI direct have a positive stance on ITC given its focus shifting on growing FMCG business with the target to achieve Rs 1 lakh crore revenues by 2030, which translates into a 17 per cent CAGR growth. Simultaneously, a structural decline in commodity prices has increased visibility of earnings growth in segment. Furthermore, rising unrest among tobacco farmers could halt excise hike in cigarettes in the next Budget, which could be a relief in the medium term for cigarette manufacturer.

8) Syngene International
Recommended By: ICICIdirect
Why Buy: Syngene is well poised to cash in on growing global pharma R&D outsourcing trend. Global Pharma players are inclined to outsource some of the R&D budget to the contract research organisations (CROs) like Syngene to maintain the cost balance and new product introduction. As an Indian player, it has a significant cost advantage and skilled personnel compared to global CRO companies. It also enjoys high recall value due to its integrated service offerings coupled with consistent performance and high data integrity ethos.

9) PNC Infratech
Recommended By: ICICIdirect
Why Buy: PNC is a North based EPC player with track record of timely/early completion of projects. With strong order book of Rs 4,000 crore (including L-1 bids), healthy order inflow pipeline from anticipated revival in road awarding, and lean balance sheet, ICICIdirect expects PNC speed up its growth trajectory. The brokerage house expects PNC Infratech’s top line and bottom line to grow at a CAGR of 20.7 per cent and 25.4 per cent during FY15-FY17E v/s 16 per cent and 17.3 per cent CAGR during FY10-15.

10 Blue Dart Express
Recommended By: ICICIdirect
Why Buy: BlueDart continues to be a market leader in the air express market with around 52 per cent market share. The brokerage house expects the implementation of GST to aid shifting from unorganised (50 per cent of the market) to organised segment in the ground express market. Furthermore, upcoming deals from e-commerce companies would lead to continued higher B2C volumes for the company. With the current 1,00,000 sq feet e-fulfillment centre boding well, additional 2-3 centers are planned by FY16. Revenue growth with continued margin expansion affirms our positive stance on the company.

11) HDFC Bank
Recommended By: Reliance Securities
Why Buy: HDFC Bank is the second largest private sector bank in the country with 5.4 per cent market share in advances and 5.1 per cent market share in deposits. It has 4,227 branches and more than 11,700 ATMs, reaching out to more than 100mn customers. The bank has consistently outperformed its peers on both financial and operational fronts led by the strong liability franchise, low exposure to stressed sectors and superior risk management practices. Further, recent capital raising exercise would aid the bank to aggressively grow its loan book in coming years along with implementation of BASEL III norms.

Reliance Securities expects the bank to carve out credit growth of 25 per cent CAGR over FY16E-17E with stable NIMs resulting into earnings growth of around 26 per cent CAGR. The brokerage house has a ‘Buy’ rating on the stock with a target price of Rs 1,193.

12) IPCA Lab
Recommended By: Reliance Securities
Why Buy: Ipca Labs is a mid-sized pharma company with a track record of strong growth over the past decade. Over the years it has transformed itself into a formulations company and also has moved onto faster-growing therapies. However, the USFDA import alert on Ratlam, Indore & Silvassa facilities had caused disruptions in Europe (16 per cent of sales), institutional tender business (9 per cent of sales) and API (21 per cent of sales) in FY15 and 1HFY16. Further, currency movements in Russia impacted branded exports (8 per cent of sales). Whilst the European issues subsided during 4QFY15, the tender business will normalize from 3QFY16 and HCQS profit share (US).

Reliance Securites expects IPCA to regain its lost footing in terms of multiples, as the business prospects in the institutional business improve and as the US business improves upon resolution of USFDA issues. The brokerage house, currently has a ‘Buy’ recommendation on the stock with a target price of Rs 1,000.

(Disclaimer: The stocks are recommended by the respective brokerage houses and not a recommendation from Financial Express online)

Happy Diwali 2015

2015-11-10T06:46:00.000-08:00

Lord Tirupati Balaji now has D'mat Account

2015-08-10T08:37:00.001-07:00

Government Intends To Garner Rs 21000 Crore Via Special Dividends From Big PSUs

2014-01-14T06:23:00.000-08:00

(This Article is taken from DSIJ website and written by Mr.Amit Bhanot)

Forget disinvestment of PSUs. The government is all set to accumulate a bounty via special dividends from cash rich PSUs. First in line is the biggest coal miner of the world Coal India which is all set to shell out around Rs 15000 to its share holders, 90% of which is held by the government of India.
The Finance Ministry is also in talks with other cash rich PSUs like ONGC, OIL India, NMDC, GAIL, etc., for raising funds to somehow plug the fiscal deficit gap. A CMD of one Maharatana oil and gas company told DSIJ that rounds of deliberation are going on with the Finance Ministry officials, and, they are quite adamant that PSUs pay these special dividends. The Government wants to accumulate around Rs 21000 crore in the form of dividends from ONGC, NMDC, OIL and CIL.
The Finance Ministry wants every company holding cash to give out a dividend higher than what it had paid last year. “In sync with that ONGC, Oil India and GAIL have been instructed to announce dividends more than FY13 levels. Last year ONGC paid an overall dividend of 190% and this year, as instructed by the Finance Ministry, it may announce a 210% dividend,” adds the CMD of the company.
In that case the government will receive around Rs 3200 crore through this special dividend. It has already paid a 100% interim earlier. As far as Oil India is concerned, last year it had announced a total dividend of 300% and the Finance Ministry wants that the company maintain that level. That would fetch Rs 30 /share in dividend and the government is all set to garner around Rs 775 crore in the current fiscal.
The Gail management has made it clear to the government that it is going through a bad phase and it won’t be possible for the company to give any special dividends. “We have made it clear to the ministry that if we are forced to give special dividends then we can only do it through borrowings,” informed a top Gail official. Last year, Gail has given a 96% dividend to its shareholders.
Another company that is on the government’s radar is the cash rich miner, NMDC, which had announced and paid a 700% (Rs 7/share) dividend last year. It has already announced a 300% interim dividend during the current fiscal. Last year the government had received around Rs 2200 crore as dividend from NMDC and this year it is pushing for doubling the payout ratio. If sources are to be believed, NMDC has agreed to pay around Rs 2500-3000 crore to its shareholders, out of which the government will receive Rs 2000-2500 crore as special dividends.
The Finance Ministry is quite bullish on the dividend payout by Coal India. Last year, the company had paid Rs 9825 crore in dividend (@Rs14/ share) to its shareholders, out of which around Rs 8800 went to the government. This year the Finance Ministry is persuading CIL to pay at least Rs 25/share as special dividend. In that case, the government will get more than Rs 15000 crore as dividend from this company alone. Its board will decide about this today and this expectation has seen the scrip rise by as much as 3% in morning trades.
As far as the cash situation of companies is concerned, CIL has around Rs 44000 crore as cash and bank balances while the cash balance of ONGC, OIL, NMDC and NTPC stand at around Rs 19000 crore, 12000 crore, Rs 21000 crore and Rs 18000 crore respectively as on March 31 2013.
- See more at: http://www.dsij.in/article-details/articleid/9315/government-intends-to-garner-rs-21000-crore-via-special-dividends-from-big-psus.aspx#sthash.jMQ49xvU.dpuf

Happy Diwali

2013-11-03T02:33:00.001-08:00

Diwali Picks 2013

2013-11-03T00:48:00.002-07:00

Angel Broking

Wipro -CMP 492 -TGT 567

ICICI Bank -CMP 1,025-TGT 1,181

Hindustan Zinc-CMP 135-TGT 156

Axis Bank-CMP 1,210-TGT 1,392

Cipla-CMP 423-TGT 504

Tata Steel-CMP 335-TGT 390

Cadilla-CMP 660-TGT 894

United Phosphorus -CMP 154-TGT 225

Aurobindo Pharma-CMP 216 -TGT 271

Crompton Greaves-CMP 98-TGT 115

Diwali Picks 2013

2013-11-03T00:20:00.000-07:00

IFCI Financial Services Ltd

LIC housing finance - CMP 226.50 -TGT 295 to 314
Reliance Industries - CMP 908.50 - TGT 1060 to 1120
Bharti Airtel Ltd - CMP 366 - TGT 465 to 484
Escorts Ltd - CMP 103.80 - TGT 136 to 142
Coalgate Palmolive - CMP 1248.85 - TGT 1510 to 1614

IndusInd Bank - CMP 448 - TGT 558
TCS - CMP 2096 - TGT 2490 to 2560
Zee Tele - CMP 270.60 - TGT 345 to 357
JSW Steel - CMP 863 - TGT 1065 to 1089
Biocon Ltd - CMP 351.90 - TGT 428 to 450

Diwali Picks 2013

2013-11-02T23:56:00.002-07:00

Diwali Picks 2013
(FNIJ)

Dabur India- CMP 177 - TGT 205
DCB - CMP 51- TGT 65
Granules India - CMP 169 - TGT 200
Polaris -CMP 134 - TGT 168
Thomas Cook- CMP 76- TGT 90
Torrent Power - CMP 80 - TGT 110

Diwali Picks 2013

2013-11-02T23:54:00.001-07:00

Diwali Picks 2013
(Emkay)

Hindustan Zinc
Idea

Diwali Picks 2013

2013-11-02T23:53:00.001-07:00

Diwali Picks 2013
(Microsec Research)

Axis Bank - TGT 1458 (20%)
Cairn Indi - TGT 415 (30%)
Exide - TGT 153 (22%)
GMDC - TGT 133 (26%)
ICICI - TGT 1204 (6%)
Pidilite - TGT 330 (14%)
Rallies - TGT 185 (17%)
Tata Steel - TGT 410 (21%)

Diwali Picks 2013

2013-11-02T23:51:00.001-07:00

Diwali Picks 2013
(Motilal Oswal)

Infosys
ICICI Bank
Bharti Airtel

Diwali Picks 2013

2013-11-02T23:45:00.000-07:00

Diwali Picks
(Rajesh Tambe)

Larsen & Toubro
Hindalco
PTC India
Tata Coffee
Tech Mahindra
Emami
Dabur
HUL
Lupin
Aurobindo Pharma
IDFC

Diwali Pics 2013

2013-11-02T23:41:00.002-07:00

Diwali Picks 2013
(Rudramurty)

Tech Mahindra
Aptech
Shilpa Medicare
SAIL
Tata Steel

NHPC BuyBack Offer

2013-10-29T09:31:00.000-07:00

As per the resolution passed by the Board of Directores of NHPC Limited held on 24th October 2013 the company has announced buyback offer of not exceeding 123,00,74,277 fully paid equity shares of face value Rs.10 each from the existing shareholders through the Tender Offer process.. The price of buy back is Rs.19.25 per share. The total buyback amount stands at Rs.26,62,416 lakh representing 8.89% of company's paid up equity share capital and free reserves. The maximum number of equiaty shares proposed to be bought back represents 10% of the total number of shares in the paid up equity capital of the company.

The major shareholder, the Government of India which holds 86.36 percent of the equity shares has already expressed its intention to tender 123,00,74.277 shares in the buy back process.

The company has 12,30,074 lakh as paid up capital and 14,32,342 lakh as free reserves. The company cannot exceed 10% of paid up capital and free reserve for buy back.

The company has fixed 8th November 2013 as the record date for the purpose of determining the shareholders eligible to participate in the buyback offer.

Further details can be got from Compliance officer for the offer Mr. Vijay Gupta at companysecretary@nhpc.nic.in or

Investor service centre of Karvy at murali@karvy.com

Muhurat Trading 2013

2013-10-29T07:42:00.000-07:00

Muhurat Trading on occassion of Diwali will be conducted by BSE and NSE on 3rd November 2013 at 6.15 pm to 7.30 pm.

Denso India Delisting

2013-10-06T00:21:00.000-07:00

Denso India which manufactures automobile components and spares for both two and four wheelers is getting delisted from the bourses on successful delisting offer. The company had tendered for 73,98,019 equity shares representing 26.54% of paid-up equity capital. The tender was made through Reverse Book building process from Sep17, 2013 to Sep 23, 2013.

In response the company was offered 54,51,604 shares at Discovered price of Rs.136. The company must had received offers for minimum of 46,10,055 shares to make the delisting process successful as per Regulation 17 of Delisting Regulation. As company received more offers the Delisting was successful. The company has fixed Exit price at Rs.145 per share to buy all the shares tendered. The company will be acquiring 19.55% of the paid-up capital through this offer and getting Delisted from the bourses.

The unsuccessful bidders and those who have not tendered the shares will be able to offer their equity shares to the company at the Exit price during a period of 12 months from the date of delisting of the shares on the bourses.

Asian Paints - Dividend

2013-09-30T09:56:00.000-07:00

The record date for Interim Dividend payment of Asian Paints is 26 October 2013

Rander Corporation Ltd

2012-02-07T05:45:00.000-08:00

Rander Corporation Ltd has in its board meeting dtd February 07, 2012, has approved sub-divide the existing each one fully paid equity share of nominal face value of Rs.10/- each into five fully paid up equity shares of the nominal face value of Rs. 2/- each

JK Lakshmi Cement Ltd

2012-02-07T05:36:00.001-08:00

JK Lakshmi Cement Ltd has informed that the Board of Directors of the Company at its meeting held on February 07, 2012, have approved the Buy-Back of Equity Shares upto an amount of Rs. 97.50 Crore, at a maximum price of Rs. 70 per Equity Share i.e. 1.39 Crore Equity Shares of Rs. 5 each from the open market through Stock Exchanges, namely, BSE and NSE.