22 December 2009

RIL discovers third gas reserve in KG basin

RIL discovers third gas reserve in KG basin

NEW DELHI: Reliance Industries on Tuesday said it has made a third successive gas discovery in the D3 deep-sea block in the Krishna-Godavari
basin, off the east coast. (
Watch )

Reliance found three gas reservoirs in the KGV-D3-R1 well drilled on the block KG-DWN-2003/1 (or D3), a company statement said here.

The block, located about 45 kilometres off the coast in the Bay of Bengal, is in the vicinity of its prolific D6 block where three of the 19 oil and gas finds have already been put on production.

"This discovery (in D3) supplements RIL's understanding, of the petroleum systems within the block," it said.

Reliance holds 90 per cent interest in the block that it won in the fifth round of auction under the New Exploration Licensing Policy. Hardy Exploration and Production India Inc, a unit of Hardy Oil of UK, has the remaining 10 per cent.

"Three reservoir zones were encountered at Miocene level having gross thickness of 4, 23 and 16 meters," the statement said adding the discovery has been named Dhirubhai-44.

The first two exploratory wells (KGV-D3-A1 and KGV-D3-B1) resulted in gas discoveries (Dhirubhai 39 and 41) and are presently under appraisal.

"Besides the above discoveries, several prospects have been mapped at different stratigraphic levels," the statement added.

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Nifty lacklustre; SAIL, Tata Steel, IDFC up

Nifty can reach 5650 if it breaches 5150: Daryl Guppy

2009: Good for investors, tough on Mutual Funds




Src: Moneycontrol, ET

Heard on the street

Heard on the street

Market on a lean holiday diet in

2011

STOCK exchanges have been spared some more unpopularity, thanks to several public holidays falling on weekends. There is a move afoot to cut down the number of trading holidays, as the wise men feel that the Indian market has one too many, compared to international markets. The reason to cut down on the number of holidays is based on the premise that investors here will not have a chance to react to major global events if the Indian market is closed.

This is, of course, assuming that no major global developments will unfold on January 26, August 15, or on the day of Bhau Bheej, or any of the other holidays that do not happen to be global ones.

“This year a large proportion of the holidays is falling on a Saturday/Sunday. We have only 11-12 holidays falling during the week. This year is taken care of. 2011 is when a shorter list — 8 to 10 days — will come into effect by which time the equity market will also have moved to a 9-5 pm cycle,” said a senior broker, who was present at the meeting NSE had with six top retail broking firms.

Garware Offshore sets sails for the north

SHARES of Garware Offshore have risen around 12% in the past one month. Buzz is that increasing demand for offshore support vessels is driving interest in the stock. Speculation is that some financial and strategic investors are planning to pick up a stake in the company through secondary market transactions, though talks are said to be at a preliminary stage. In anticipation of this, “friendly circles” are said to be accumulating the stock.

Rel Equity, Daiwa lose top honchos to Macquarie

MACQUARIE Securities is looking to beef up its equities team in India. Amongst its new hires are Sudhanshu Bhuwalka who joins as associate director, equity sales, from Reliance Equities, where he was co-head of equity sales. Neil Nathwani has joined Macquarie’s equity sales team from Daiwa in London where he was the India specialist for Europe. Suresh Ganapathy is joining to head Macquarie’s financials research team for India. He joins from Deutsche Bank’s cash equities business in India.

Orient Green Power to raise Rs 600-cr via IPO

GREEN is the new black. With green or clean energy gaining momentum across the globe, market observers expect companies operating in the renewable energy space to take the IPO route. Orient Green Power, a subsidiary of Shriram EPC is one such candidate. It has appointed Goldman Sachs, UBS and JM Financial as bankers for its Rs 500-600 crore IPO.

Contributed by Deeptha Rajkumar, Reena Zachariah & Apurv Gupta


Src: ET
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Balmer Lawrie & Company: Bargain hunt begins! Rathin Shah

India equity strategy: 2010 NextGen India Investments

14th Annual Wealth Creation Study 2004-2009 Motilal Oswal

Two attractive mid cap picks Sanjay Chhabria

Picks for an aggressive stock portfolio

Picks for a conservative stock portfolio


Src: Valuenotes

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Stocks trader's favoured the most in 2009: An analysis

Stocks trader's favoured the most in 2009: An analysis

Some stocks have had a great run in 2009. They have attracted traders and investors for the year round. CNBC-TV18’s Varinder Bansal reports,

These stocks are only punters delight – the way they have moved for the entire year with gains of anywhere between 2,000%. The marketcap of these stocks are well above most of the stocks we talk on the channel.

Kwality Dairy: Biggest winner of 2009?

Kwality Diary, a company with a market cap of Rs 2,000 crore, has gained nearly 2,000% in 2009. Looking at the one-year chart, the stock was at a price of Rs 5.5. It went to as high as Rs 1,360 and then there was a stock spilt from 10 to 1 and now the stock is trading around Rs 100.

On the financials front, FY09 the profit after tax (PAT) of this company was around Rs 10 crore and FY08 the PAT was nearly Rs 4.5 crore. So the company with market cap of Rs 2,000 crore is having a PAT of nearly Rs 10 crore.

The promoter holding in this company is interesting with four promoters and 32 individuals together hold nearly 93.5% stake in the security. The free float in the company is very less and that is why most of the stocks tend to react because of cornered shares in the public. Also, the existing promoters of this company bought this company in 2003 at the price of only Rs 3 crore and now see the way the stock has moved up. The company is only engaged in the diary business.

Gee Kay Finance and Leasing Co: Another trader’s delight?

This company has a market cap of nearly Rs 4,000 crore, which is even higher than IndusInd bank or Dena Bank or most of the PSU banks. The stock has gained nearly 1,800% and again in this case we have seen there was a stock split in the month of December and the stock started with a price of nearly Rs 4 and went to as high as Rs 560 and now after the stock split is trading at around Rs 80.

The volumes have been good in this stock. In the last 4 years for this company there is no profit for this company. The PAT of 2009 there was a loss of Rs 29 lakh and 2008 it was a loss of nearly Rs 4 lakh.

Promoter holding will be very interesting because the promoter holding in this company is only 0.5% and there are 26 individuals who hold nearly 90.86% equity in this company. So again you have distorted equity, which is spread only in 26-27 people and the rest 7-8% is with the public.

These are the few cases where you have seen huge gains but this is all punters delight, no fundamentals which are attached to both the shares.

Other outperformers of 2009:

Company Dec 31, '08 2009 Chg
Auro Pharma

Rs 168

429%

Mcleod Russel

Rs 49

427%

JSW Holdings

Rs 301

427%

Hexaware Tech

Rs 21

348%

Orbit Corp

Rs 62

339%

Uttam Galva

Rs 27

334%

Polaris Software

Rs 43

326%

HOEC

Rs 66

312%

Havells India

Rs 122

309%

Jindal Saw

Rs 44

307%

Deccan Chron

Rs 44

247%















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Thirteen year-end lists you have to read


This is a list of lists. Dedicated to all obsessive list makers and readers
1.
Time Magazine — Person of the Year:
The tradition of selecting a Man of the Year began in 1927, with Time’s editors contemplating newsworthy stories possible during a slow week. It was also an attempt to remedy the editorial embarrassment earlier that year for not having aviator Charles Lindbergh on its cover following his historic trans-Atlantic flight. While the designation is usually regarded as an honour, previous awardees include Hitler and Stalin. This year, the list of candidates is fairly controversial, and includes Iranian protestors and Somali pirates.

Click for more

2. Vanity Fair — Year in Pictures:
Vanity Fair images are often as important as the story — sometimes the images are the story. This list is a summation of the most iconic images to appear in the magazine in 2009. Past pictorials include the controversial, such as David LaChapelle’s with actor Mike Meyers dressed as a Hindu deity, and the heart-wrenching, like James Nachtwey’s images of Vietnamese children disfigured by Agent Orange.

Click for More

3. BBC — Sound of 2010:
The list is designed to find the best up-and-coming musical acts for the coming year. More than 130 of UK’s leading music critics and broadcasters name their favourite new acts and finally a long-list of 15 is prepared .

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4. GUARDIAN — Books of the year:
The Guardian’s guide to the Best Books of 2009 isn’t your usual, monotonous roundup of the best pickings. The British daily has asked leading figures in the arts to pick their books of the year, from novelist Nick Hornby, to fashion favourite Vivienne Westwood and even film director Sam Mendes. Definitely check out this list and enjoy choosing from a host of opinions. The only blot on file would be politician David Cameron’s choice of political diaries…can you say predictable?

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5. New York Times — Annual Year in Ideas:
This series from The New York Times Magazine is a digest of ideas that helped make each year, for better or worse, what it was. The ideas are not necessarily good ideas or even the most popular. They’re only alphabetically ordered. But they are ingenious, inspired, perplexing and some even outright illegal — a fresh selection of intellectual sushi. Enjoy.

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6. Amazon — Best of 2009 Books:
Amazon, the pioneering online bookseller, has two main lists out: The top 100 picks by their editors, and what sold most. The editors’ top pick is called Let the Great World Spin. Readers chose Dan Brown’s The Lost Symbol. There are also sub-lists by genre, so you can just go check out what interests you.

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7. Roger Ebert’s Movie Yearbook 2009:
Roger Ebert is an American film critic and screenwriter. He is known for his film review column (appearing in the Chicago Sun-Times since 1967, and later online) and his reviews are syndicated to more than 200 newspapers in the US and worldwide. In 1975, Ebert became the first film critic to win a Pulitzer Prize for Criticism. We recommend a copy of his annual movie yearbook which is predominately a collection of his reviews of that year. The heavy use of mocking sarcasm, dry wit and shocking candour makes it one of the most irresistible ways to lay 2009 to rest!

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8. Esquire — 30 Women We’ve Loved in 2009:
This one’s for the boys. Esquire, the original men’s magazine, was founded in the United States in 1932 as a reaction to the tyranny of women’s magazines during that time. And from its very first issue, there has always been an appreciation of women. The list is a recap beyond the Sexiest Woman Alive, and is accompanied by great photos of the great women of today. This year’s fab 30 include Candice Swaponoel, the new face of Victoria’s Secret, Italian beauties, an SNL favourite and a carpenter with an inventive use for walnuts!

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9. The Economist — The World In 2010:
The World in 2010 is the 24th edition of The Economist’s annual collection of predictions for the year ahead — with views from journalists, politicians and business people. The edition will be sold in 90 countries and translated into around 20 languages. So what are some of the forecasts for 2010? The World in 2010 predicts regime change for the UK, with a clear Conservative majority. Gordon Brown, are you listening?

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10. Time Magazine — Top Ten Everything of 2010:
The Mother of all year-end lists! Time magazine’s amalgamation of all the Top Ten’s of 2009, from the year’s best (or rather, worst) political gaffes, fashion faux paus, iPhone Apps, and even medical breakthroughs. Chart the highs and lows of 2009 from these 50 wide ranging lists.

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11. Foreign Policy’s Top 100 Global Thinkers:
From this year’s Nobel Peace Prize winner, to the brains behind Iran’s Green Revolution, Climate Change’s messiah Dr. Rajendra Pachauri and Nouriel Roubini, the economic Cassandra who actually did have a crystal ball — they had the big ideas that shaped our world in 2009. Read the list to see the 100 minds that mattered most in the year that was.

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12. Lonely Planet’s Best in Travel 2010:
Considering where to go in the coming year? Lonely Planet’s guidebook presents the top 10 countries, regions, and cities to visit in 2010, chosen by Lonely Planet’s global team. Expect old favourites, like New Zealand, chosen because of its spectacular landscapes, proud Maori culture and fine food and drink. Also mentioned are the obscure, like Fernando de which had only 9,000 foreign visitors last year.

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13. Time Magazine — 50 Best Web sites of 2009:
Clear out your bookmarks. You’re going to need the space for Time magazine’s roundup of 2009’s 50 offerings that are indispensable to navigating, shopping or just killing time on the Web. It’s a tough choice between Flickr, Twitter and YouTube.

Click for More

(Compiled by: Shloka Nath, Charles Assisi, Saumya Roy, S. Srinivasan)

By: Shloka Nath/Forbes India

More from Forbes India


Src: moneycontrol.com


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Stock Reports:


HCL Technologies, Kewal Kiran Clothing


Maruti Suzuki


Nava Bharat Ventures


SKF India, CMC India, Kalpataru Power


Weekly Technicals - Dec 21 2009


Weekly - Dec 21 2009

Src: DP Blog