Owner: Simply Stock Market URL:http://www.simplystockmarket.blogspot.com/ Join Date: Tue, 25 Mar 2008 01:16:10 -0500 Rating:0 Site Description: Indian Stock market research on Stocks, Mutual Funds, Derivatives. Investment ideas, Multibaggers, Short term trading ideas. Site statistics:Click here
Tata Motors to seal Jaguar-Rover deal. 2008-03-25 00:18:32 The D-day is inching closer for Tata Motors
. According to sources close to the development, India’s largest commercial vehicle company is likely to ink the Jaguar
-Land Rover
deal with Ford on March 26. Ford is scheduled to make the announcement on engines, pensions and other long-term agreements on that day, the sources said, adding that completion of the agreement, however, is scheduled to take two to three months as it is bound by regulatory approvals. However, since Jaguar and Land Rover workers are on an extended Easter holiday, the announcement on the agreement would be made only on Wednesday. A Tata Motor spokesperson said discussions are still going on and refused to put a date on the announcement. Tata Motors chairman Ratan Tata will lead the Tata delegation and Lewis Booth, exe
Short term trading ideas - 25.03.2008. 2008-03-25 00:09:34 Siemens : Promising The stock is making goodbase near 625 andvolume is increasing. Arally can take the pricelevel to 715 in comingdays.BHEL : The stock has foundgood support near 1800levels and short coveringhas lifted the price levelwith high volume. It cango up to 2000 in comingdays.Century Textiles : The stock is making baseat 650 and volume isrising. One can buy formomentum trading. Theupside potential is 750.Syndicate Bank : The stock has a strongsupport near 70 levels.One can buy it for shorttermtrading with theupside potential of 80.
Read more:Short
, ideas
Welspun-Gujarat bags Rs 1,075-cr order. 2008-03-25 00:04:22 Metal pipe manufacturer Welspun-Gujarat
Stahl Rohren (WGSRL) has bagged a Rs 1,075-crore order for the supply of pipes in Northern Africa. The firm's new pipeline order has taken its order book position to over Rs 5,900 crore. Welspun's accreditation's from oil and gas firms across the world has resulted in bagging new orders which has further reinstated its position as one of the largest and premium line pipe company in the world.The company has recently started a trial production of its Plate-cum-coil mill (backward integration) for producing widest plate of 4.5 meters in Gujarat. The plate mill would have an annual capacity of 1.5 metric tonnes per annum (MTPA) and is likely to commence commercial operations in Q1FY09. Further its 300,000 tonne pipe mill project in US is likely to be co
Ranbaxy, Cipla among Indian cos in race for $200 mn drug deal. 2008-03-25 00:03:27 Leading Indian pharma companies such as Ranbaxy Laboratories, Cipla and Aurobindo Pharmaceuticals are submitting bids for the $200-million South African government tender to supply anti-HIV drugs. The contract will be to supply 10 anti-Aids drugs to the SA government and is expected to be finalised in May. It is not clear if the tender will go to a single company or will be split to more than one company. South Africa has the highest number of HIV patients in the world with as estimated 5.5 million people infected with the virus. Ranbaxy Laboratories is expected to put the bid through its South African JV Senko Pharmaceutical which presently markets its range of ARV drugs in South Africa and other African countries. Aurobindo Pharmaceutical has the largest basket of ARV drugs and hopes to
M&M readies Rs 1,500 Cr. for Chakan, Tata Motors to invest Rs 6K Cr. in Pune. 2008-04-01 02:05:50 Mahindra, which earlier this year, pulled out of a planned venture with Renault and Nissan Motor, would start operations at Chakan, near Pune, in two years to make 300,000 medium and heavy commercial vehicles. It will invest
$1 billion (Rs 1,500 crore) in a new plant as it steps up capacity to take on increasing competition. Mahindra, aims to double domestic sales and quadruple exports by 2010.Tata Motors
would invest Rs 6,000 crore over four-five years to increase capacity at its Pune plant, add new products and build vehicle testing facilities. The investment will increase capacity at its Pune plant by about 40% to more than 600,000 units a year. Tata Motors, which last week announced a $2.3-billion deal to buy Jaguar and Land Rover from Ford, has announced it will raise $4 billion for i
L&T bags Rs 576-cr HPCL order. 2008-04-01 02:05:30 Engineering and construction company Larsen & Toubro has been awarded Rs 576-crore order for a 2-lakh-tonne per annum lube oil base stock plant by Hindustan Petroleum Corporation Ltd. The plant will consist of a raffinate hydrotreating unit, mobil selective dewaxing unit and a hydro finishing unit. This is to enable HPCL to produce high quality group II & III lube oils, which are higher value-added petroleum products. HPCL, which operates one of its largest refineries in Mahul, Mumbai, intends to set up the plant as a part of its quality up-gradation project. The scope of work includes residual process design, detailed engineering, procurement, supply, transportation, storage, fabrication and commissioning. L&T’s E&C division’s refinery projects business unit secured th
BHEL bags Rs 550-cr export order. 2008-04-01 02:04:18 Equipment major Bharat Heavy Electricals Ltd (BHEL) has bagged Rs 550-crore export
order for supply of boilers. The order has been received from Koniambo Nickel SAS. The contract envisages supply of 2x135 MW environment-friendly Circulating Fluidised Bed Combustion Boilers and auxiliaries. The equipment to be supplied against the order would be fully compliant with global standards. BHEL is targeting a six-fold increase in its physical exports by 2012.
Credit Suisse - Retains December 2008 year-end Sensex target of 21500. 2008-04-01 02:03:56 Given the economic growth and earnings outlook, we believe the neutral weighting of India in the MSCI EM Index and the relative underweighting by foreign institutional investors (FIIs), even against the benchmark MSCI indices, is totally unjustified. Figure 4 shows that despite commanding 13% of global emerging market capitalization, India has a 7.5% weighting compared to Brazil and Korea, which have a higher weighting relative to their market capitalisation. FIIs have underweighted India, even against the already neutral benchmark MSCI indices. Figure 5 shows the relative stance of portfolio managers. A reading below 1 indicates an underweighting and vice versa. We believe there is a high probability that India's weighting will increase from a neutral stance, providing Indian corporates d Read more:December
Railways raises freight rate on iron ore. 2008-04-03 00:35:06 The Indian Railways has increased the freight rate on iron-ore transportation by 5-6% by reclassifying it into ‘class-180’ from ‘class-170’. The change in the rate of freight is effective from April 1. The Railways has also announced some changes in the surcharge rates. While the surcharge on iron ore transported to ports for export has been increased to 100% from 60%, the surcharge on ore meant for domestic use has been reduced to 30% from 60%. The change in surcharges will be effective from April 15.
American Tower close to Tata Tele unit stake. 2008-04-03 00:34:26 American Tower
Company (ATC) is believed to be the frontrunner among the bidders for investing in the tower firm of Tata Teleservices. Boston-headquartered ATC is a publicly-held company owning and operating over 23,000 sites in the US, Mexico and Brazil. According to sources, Tata Teleservices and ATC are in talks over the valuation of the tower entity of the telco. Recently, Tata Teleservices managing director Anil Sardana had said that the task of divesting stake in its tower company would be concluded by the end of May. Tata Tele wants to divest anything between 26% and 49%. According to the company, around 15 strategic investors were shortlisted for picking up a stake in the hived-off tower entity of Tata Tele. At present, Tata Teleservices Ltd (TTSL) has 10,000 towers, and Tata Teles Read more:American
JSW Steel posts 37% growth in volume of Production. 2008-04-03 00:33:09 JSW Steel
Ltd has announced that following the merger of Southern Iron & Steel Company Ltd (SISCOL) with JSW Steel Ltd, the Company posted a growth of 37% in Crude steel production for the year ended March 2008 over the previous year. The Company has also shown on comparable basis a 20% growth in volume of Crude steel production even after excluding 4.55 lakh tons of Crude steel produced by the erstwhile SISCOL. The Hot Strip mill recorded a highest ever production of 27.15 lakh tons during the financial year showing a capacity utilization of 108%.
Read more:posts
, Production
Mahindra & Mahindra & ICICI Venture Consortium inks agreement to acquire Metalcastello S.p.A. 2008-04-03 00:32:33 A consortium of Mahindra
& Mahindra Ltd (M&M) and ICICIVenture
Funds Managements Ltd, has signed a definitive agreement agreeing to acquire 100% stake in Metalcastello S.p.A, a leading Italian independent gear manufacturer. However, the company has not disclosed the cost of the acquisition.Mahindra Forgings (MFL) has already created one of the leading forging Companies in the world. Together with Metalcastello S.p.A, the Company intends to replicate in the gear vertical what MFL has achieved in the forgings space. The customer base of both MFL and Metalcastello is complimentary and will enhance the synergies that Mahindra is already harvesting. Metalcastello has revenues of around $100 million. The Company was originally founded in 1952 and is among the top gear manufacturers in E Read more:Consortium
Reliance Consortium strikes oil in Yemen. 2008-04-08 00:11:22 A consortium comprising Reliance
Industries (RIL) has made a significant oil discovery in Yemen
. The discovery in Block 9 in Qarn Qaymah 2 well is learnt to be significant, and RIL is in process of evaluating the potential commercial interest. This was confirmed by RIL’s president for international business Atul Chandra.Block 9 has an output of 10,000 barrels of oil per day (bopd), operated by Calvalley Petroleum of Canada holding a 50% stake. Hood Oil, subsidiary of the Yemen-based business group, Hayel Saeed Anam Group (HSA) owns 25% in this block and balance 25% with RIL. Now, Qarn Qaymah 2 has encountered excellent hydrocarbon indications while drilling and, depending on the test results, may be the first hydrocarbon discovery within the granite basement zone of Block 9. The basement Read more:Consortium
RCom’s Subsidiary Reliance Globalcom wins appeal against Tata Communications 2008-04-08 00:09:04 Netherlands-based district court in Hague has upheld an order by the arbitration tribunal of the International Chamber of Commerce in 2006 directing Videsh Sanchar Nigam Ltd (VSNL, now Tata Communications
) to permit Reliance
Globalcom (formerly Flag Telecom) to upgrade its bandwidth capacity at the cable landing station in Mumbai.The district court has also ordered the Tata group company to pay proceeding charges of euro 13,092 plus euro 12,844 for legal representation to ADAG. The decision comes just ahead of a final verdict on the dispute in which Flag Telecom has separately sought $400 million (Rs 1,600 crore) in damages. Hearings for this issue have ended.Under an agreement with VSNL, Flag terminated its undersea cable at the Tata group company’s landing station at Mumbai. This meant Read more:against
Reliance and BHEL to consider JV for solar fab units. 2008-04-08 00:05:21 Reliance Industries (RIL) and Bhel are in talks to form a joint venture (JV) for setting up solar fab units
. RIL has plans to invest over Rs 30,000 crore in the chip manufacturing business. While RIL is scouting for partners for setting up two fab units, Bhel is looking for a strategic partner to venture into equipment manufacturing for solar power. BHEL has received a communication from the Prime Minister’s Office (PMO) in this regard and may go in for a JV with Reliance Industries. The proposed JV is likely to venture into manufacturing of other small and medium equipment for solar power apart from the solar photo voltaic (SPV) cells. The JV would also look for small and mid-sized acquisitions in the international market for solar power. The partners-in-waiting have not finalised the f Read more:Reliance
Bharat Forge may buy Groupe Sifcor of France. 2008-04-08 00:03:54 Forgings major BharatForge
is believed to have acquired an 89% stake in French forgings company Groupe Sifcor (Society of Industrial and Financial Courcelles). The acquisition will give Bharat Forge an entry into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault. Groupe Sifcor had posted euro 172 million (about Rs 1,152 crore) revenues last year. Last week, news about a possible acquisition appeared in a French newspaper. However the company officials at this stage declined to comment on the same. Groupe Sifcor has five manufacturing sites in Europe. It employs 1,280 people and spends 3% of its turnover on R&D. In 2007, the company produced 48,000 tonne of high-grade steel. Family-owned Groupe Sifcor was formed in the 1880s and is comprised of Read more:France
Smart Trading ideas - 09.04.2008. 2008-04-09 01:01:14 Buy Reliance Capital @ 1260 with stop loss 1238 for target of 1350.Buy Divis Lab @ 1325 with stop loss of 1304 for target of 1490.Buy RNRL @ 98 with stop loss of 94 for target of 115.
Read more:Smart
, Trading
, ideas
L&T bags Rs 1,687cr orders. 2008-04-09 00:54:21 Larsen & Toubro (L&T) has bagged four orders
worth Rs 1,687 crore from the government of Rajasthan, Bhushan Steel, SAIL and Damodar Valley Corporation (DVC). The orders are for water supply projects, sinter plant and cold roll mill and a coal handling plant.The construction division of Larsen & Toubro has secured an EPC contract worth Rs 635 crore from the government of Rajasthan for design, supply, build and commissioning of water supply project. When completed, the project will provide safe drinking water to the people of Jaisalmer and Barmer including army bases. L&T, in consortium with Outotec GmbH, has bagged Rs 555 crore sinter plant order from Bhushan Steel (BSL). Apart from these two orders, L&T's ECC has bagged Rs 272 crore order from the Bokaro plant of SAIL f
Garware Offshore to buy 5 vessels for $100mn. 2008-04-09 00:53:25 Shipping services firm Garware Offshore
Services Ltd will acquire five ships - three tugs and two platform supply vessels
- for a total of $100 mn. The company will purchase three anchor handling tugs-cum-supply vessels for around $13.5-15.5 million each, of which two are scheduled for delivery in June and August 2008. The third vessel will be delivered in February 2009. It will also buy two platform supply vessels, for around $27 million each, which are scheduled for delivery in June 2008 and January 2009.The boom in the oil exploration and production sector brings with it tremendous opportunities by creating increased demand for such vessels. To match the industry expectations, Garware Offshore has added new vessels which will enable it to reach to a fleet size of 13-14 vessels by financ
GTL Infrastructure and Essar set to merge tower business. 2008-04-09 00:52:32 GTL Infrastructure
and the Essar
Group have agreed to combine their telecom tower businesses into one entity in a transaction that could be worth at least $2 billion. According to sources, GTL Infrastructure, which owns about 6,000 towers, will buy Essar’s business and merge
it with itself. Essar Group companies, which own Essar Telecom Infrastructure, will be offered cash and some stake in the combined entity. The deal will help GTL Infrastructure increase its tower sites by around 50%. The combined entity is likely to have about 20,000 towers by June 2008, when the ongoing expansion plans are complete.The deal, when materializes will be one more transaction in the fledgling telecom tower industry, which is seeing a spate of spin-offs, outright sales and private equity deals. Last year,
Tata Steel and MMTC plan SPV to buy gold mines overseas. 2008-04-10 00:41:42 India’s largest private sector steel maker Tata Steel
is forming a special purpose vehicle (SPV) with state-owned MMTC for acquiring gold and diamond mining businesses abroad. MMTC would hold 26% stake in the proposed venture, leaving 76% to the Tata Steel.The venture is likely to start operations by acquiring mining rights for diamond in Angola and Namibia before venturing in other African markets. The SPV would also explore business opportunities in iron ore and coal mining abroad through acquisitions or fresh mining rights. India is the world’s largest importer of diamond and gold with imports to the tune of $10 billion in each category. The joint venture between Tata Steel and MMTC would aim at acquiring mining rights for these minerals mainly in African markets with the aim of red Read more:mines
, overseas
Areva T&D targets to double turnover; to invest Rs 700 crore. 2008-04-10 00:39:56 Power equipment maker Areva T&D (India), which is invest
ing Rs 700 crore
to put up three greenfield manufacturing plants, is eyeing to double
its sales turnover in the next two to three years. Indian subsidiary of the French major, had recorded a sales turnover of Rs 2,000 crore in the last year, up by 24.9 per cent over 2006. It has eight existing manufacturing facilities in India. Its greenfield projects are coming up at Hosur, Baroda and Padappai. The company has upwardly revised its investment plans in these plants to Rs 700 crore from Rs 500 crore earlier.The transmission and distribution business in India will continue to grow since modernisation of grids & interconnections and new generation capacity are taking place in the country. Transmission contributes 60 per cent of Ar Read more:targets
Yes Bank posts impressive Q4 08 results. 2008-04-10 00:37:54 Yes Bank, one of the new-generation private banks, net profit increased by 109% in the fourth quarter ended March 2008. The bank has so far not faced any delinquency on its derivatives exposure and has therefore made no provisions for such transactions. The bank’s advances grew 50 per cent to Rs 9,430 crore as on March 31, 2008, from Rs. 6,290 crore in the corresponding period last year. The deposit base rose 61.5 per cent to Rs.13,273 crore, from Rs. 8,220 crore earlier. Its Net interest income went up at Rs 389 crore versus Rs 202 crore. Its total income was up 75.9 per cent to Rs 494.3 crore, compared to Rs 281.09 crore. Its provisions and contingencies rose 80.1 per cent to Rs 22.8 crore, compared to Rs 12.7 crore during January-March 2007. Consequently its net profit went up 108.7 p Read more:posts
, results
Thematic/Emerging trend funds 2008-04-17 04:45:14 Thematic/Emerging trend funds Scheme Name NAV Returns as on Mar 31, 08 (%) 3month 1year 2year ICICI Prudential Infrastructure Fund 26.92 (24.57) 52.17 34.63 Tata Infrastructure Fund 31.88 (27.93) 44.50 26.10 Sundaram BNP Paribas CAPEX Opp Fund 22.67 (31.64) 43.68 23.28 JM Basic Fund 26.42 &nb
Equity diversified/conservative funds 2008-04-17 04:45:04 Equity
diversified/conservative
funds Scheme Name NAV Returns as on Mar 31, 08 (%) 3month 1year 2year HDFC Growth Fund 62.15 (22.87) 36.48 22.73 DWS Alpha Equity Fund 65.55 (23.36) 35.43 21.15 Birla SunLife Frontline Equity Fund 61.62 (24.24) 24.54 23.27 DSP Merrill Lynch Top 100 equity Fund 70.83
Recommend Site To A Friend
