Financial Services Job and other stock news

Job Openings in Axis Holdings
Position: Investment AnalystFirm: Axis HoldingsContact: Interested candidates may submit their updated resumes to careers@axisholdings.in with subject line “IAN”.For more details visit the company site at:http://www.axisholdings.in/careers.htm

Job Openings in Capital IQ
Capital IQ has research openings in locations outside India.For application and more details on the same visit:http://www.capitaliq.com/main/careers_opportunities.asp


Job Openings at Edelweiss
Branch Manager,Manager,Senior Research Analyst,Wealth Managers vacncies need MBA's,CA's specifically.To apply use this link:http://www.edelcap.com/Careers/Vacancy.aspx?ReportID=5070F325-D267-4909-B718-A0F2BC9E8A10


Credit Analyst openings in Google
Google India is looking for an experienced Credit Analyst to work in its EMEA and Asia Pacific markets based in its Hyderabad or Gurgaon office.For application and more details on the same visit:http://www.google.co.in/support/jobs/bin/answer.py?answer=37314

Job Openings in Karvy
Job Title:Mutual Fund Research Analyst (Asst. Mgr./Dy. Mgr./Manager)Qualification:MBA/ MS FinanceFor application visit:http://hr.karvy.com/career_mfra.asp

Job Openings in Crisil
Current Openings:1)CRISIL Ratings»Manager - Business Development»Manager - Corporate and Infrastructure»Manager - Structured Finance2)CRISIL Research»AnalystFor other Openings and Application visit:http://www.crisil.com/crisil-careers/jobs.htm

Job Openings in Networth Stock Broking
Current Vacancies:1)Relationship Manager / Senior Relationship Manager2)Senior.Executive/Asst.Manager / Manager ComplianceFor Application use the link below:http://www.networthstock.com/vacancies.aspx


Job Openings in Anand Rathi
Different Positions are avaliable in Anand Rathi including:1)Relationship Manager2)Assistant Relationship Manager3)Senior ManagerFor application and Resume upload visit:http://www.rathi.com/positions.asp



Multibagger Stock Pick-Indian Bank
Company:Indian BankIndustry:Finance - Banks - Public Sector CMP:154.05 PE Ratio:8.71Recommendation:Outperformer (Oct 31)

Siemens Medical
Siemens Medical Solutions Diagnoistics was recmmended in this blog on the 22nd of October(see blog archive) at price of Rs. 775.Today its touched Rs. 1100.There sure is more upside in this stock but investors can wait for some correction to take some positions in this stock if it satisfies their investment criteria.One this is there for sure that this stock is a great pick for long run and can give many more pleasent surprises.So watch out for any correction in this stock. (Oct30)

Kovai Medical Center and Hospitals Ltd.
Company:Kovai Medical Center and Hospital Ltd.Industry:Hospitals & Medical Services Recommendation:Performer

Low price Multibagger buy
Company:Tube Investments of India Ltd.Industry:Cycles & Accessories 12 month target price:Rs 100Recommendation:Performer

Surya Pharmaceuticeutical Stock Prospects Report
Company:Surya Pharmaceuticals Ltd.Industry:Pharmaceuticals
Recommendation:Performer

Pochiraju Industries Ltd. Report
Company:Pochiraju Industries Ltd.Industry:Floriculture
Recommendation:Outperformer

Kirloskar Oil Engines Ltd. Report
Company:Kirloskar Oil Engines Ltd.Industry:Engines
Recommendation:Outperformer

Multibagger Stock Pick-Kirloskar Electric Company Ltd.
Company:Kirloskar Electric Company Ltd.Industry:Electric Equipment - General Recommendation:Outperformer

Low PE stocks with good fundamentals and prospects
PE ratio is one of the indicators on the valuation of the stocks.In these high markets there are still some stocks which have a low PE and also good fundamantals and bright prospects considering the industry,the company plans and management.Some of the most prominent ones are listed below with their PE ratios:1)Mirza International Ltd-PE ratio 10.242)Tube Investments of India ltd-PE ratio 6.563)Sundaram Fastners Ltd-PE ratio 14.494)Gujarat Industries Power Company Ltd-PE ratio 8.72 ( as on Oct23)

Gujarat NRE Coke-Multibagger Stock Pick
Company:Gujarat NRE coke Ltd.Industry:Coke/Metallurgical Coke Recommendation:Outperformer

GIPCL-Multibagger stock pick
Company:Gujarat Industries Power Company Ltd.Industry: Power - Generation/Distribution Recommendation:Outperformer

K S Oils Ltd. Stock Prospects
Company:K S Oils Ltd.Industry:Edible Oils & Solvent Extraction
Recommendation:Outperformer

Jain Irrigation Systems Stock Prospects!!!
Company:Jain Irrigation Systems Ltd.Industry:Drip Irrigation Systems
Recommendation:Outperformer

Multibagger Stock Pick-Indo Tech Transformers Ltd.
Company:Indo Tech Transformers Ltd.Industry:Power - Transmission/EquipmentRecommendation:Outperformer

Sundaram Fasteners-Value Stock Pick
Company:Sundram Fasteners Ltd.Industry:Fasteners
Recommendation:Outperformer


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VC, PE updates and Around the blogs

VCCircle.Com

Walton Street To Invest $100M In Shriram Properties; To Buy Land In Pune, Gurgaon

Publicis Buys Indian PR Firm Hanmer & Partners

PayPal Introduces Withdrawal Into Indian Bank Accounts

DFJ Gets Down To Work; Closes Two Deals Already, And Two More In The Works

VenturEast Announces Launch Of $150-Million Tech Fund

Sequoia Backs Engineering Outsourcing Firm Satellier

Nalanda Capital To Invest $35 Million In Vaibhav Gems

IFCI Venture Capital, Germany’s UBF-B To Launch €100M Auto Comp Fund

M&A Roundup: Glodyne To Make US Acquisition; And More Deals

Cisco Commits $100 Million More In Venture Capital Investments In India

Chennai’s Diagnostic Equipment Company Trivitron Raises $11 Million From HSBC PE, ePlanet Ventures

JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M

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Indiape.Com

VenturEast unveils $150mn multi-stage technology fund
Orient Global bought 4.99% stake in Yes Bank

Nalanda picks 14.9% in Vaibhav for $35 m
IFC to pick stake in Karnataka Bank

Private equity firms innovate in challenging India
Goldstone buys 51% stake in 4G Informatics

Walton Street bought stake in Shriram Properties
Infosys looking at 15 $100mn deals overseas in 10 months
IFCI Venture launching PE fund for auto sector

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delweiss Capital IPO : Edelweiss IPO opens on Nov 15th
Review and Analysis of Edelweiss Capital IPO :
About Edelweiss Capital Limited :
Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.
Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.
In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.
Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for, enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.

Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov

Following the successful IPO done by Religare Enterprises IPO, Edelweiss Capital Limited is also coming out with an IPO issue through the book building route. Edelweiss Capital Limited is a competitor of Religare Enterprises Limited. Edelweiss Capital IPO opens for subscription on November 15, 2007 and will close for subscription on 20th November 2007. The face value of shares of Edelweiss Capital Limited offered through the proposed IPO would be Rs. 5 each. Edelweiss Capital Limited has fixed the price band for the IPO between Rs. 725 and Rs. 825 per share. Post IPO, the shares of Edelweiss Capital Limited will be listed both on NSE and the BSE. The lead managers for the Edelweiss IPO issue are Kotak Mahindra, Citigroup Global Markets and Lehman Brothers. Intime Spectrum is the registrar for the IPO. CRISIL has given a grading of 4/5 for the Edelweiss Capital Limited IPO. However keep in mind that these ratings don’t make much sense. They only tell investors how the company is placed fundamentally, with respect to its competitors. The rating does not take into account the valuation of Edelweiss IPO. Apparantly, Edelweiss IPO has been priced more aggressively compared to the religare IPO. But in such a strong bull run, no matter how aggressively a company prices its IPO, its bound to get oversubscribed heavily. A decision on whether to apply in the Edelweiss Capital IPO or not can be taken on Nov 20, after looking the Edelweiss IPO subscription details till Nov 19, 20007. For updates on the Edelweiss IPO subscription details and Edelweiss IPO allotment status do visit this site often.


State Trading Corporation Bonus Issue Details


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Headlines from ET, Moneycontrol

Economic Times

India to stay in talent top club till 2012
Stocks to Watch on Thursday
EPF may join bullwagon to realise better returns
Equity funds post best monthly gains in 4 yrs


Morgan races Morgan for Jaguar & Land Rover
Mallya joins Deccan board as Vice Chairman
RBI appoints 2 executive directors

Maruti Suzuki October vehicle sales up 15 pc
TVS Motor October sales rise 13 per cent
BAL October sales flat at 2.48 lakh units
TVS bike sales dip 26 pc in October

Numbers Game: Mixed quarter for most banks
CRR hike to hit co-operative banks the most
Videocon to bid for Navi Mumbai airport

PGCIL to open office in Dubai; eyes stake in Transco at $800mn
L&T gets Rs 5500 cr Mumbai airport order
Sintex acquires French company for $55 million
Pyramid Saimira enters US market; acquires FunAsia
NDTV 24x7, NDTV Profit to be launched in Singapore

Verizon gets LoI for NLD, ILD licences
VSNL to be named Tata Communications
VSNL building $200 mn Asian cable system
India falls five places in Global Competitiveness Index

Goldman Sachs consolidates stake in HTMT Global
India's exports rise by 19.26% despite rupee rise
IFCI stake sale: One bidder may opt out
Bulls may trap unions to trust mkts with EPFO money


Oil India Ltd shareholders approve IPO proposal
Edelweiss IPO price band at Rs 725-825
HCL to set up 5 tech centres at Rs 1,000 cr each
Corbus, RMSI in Nasscom's list of best cos to work for
Exporters' package in 2 weeks: Nath

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Moneycontrol.Com

Fed cut to further fuel rally: Experts
Power Grid board okays JV with REL: NW18
Usha Martin’s QII cons net profit at Rs 45.95cr up by 49%
News flow pushing up RPL prices: KR Choksey
Sujana Towers net sales at Rs 12599.24 lakh
Buy KEC International; target of Rs 851: IndiaInfoline

NRB Bearings Q2FY08 net sales at Rs 78.20cr up by 7%
Exide enters lead smelting & recycling business
B.A.G Films & Media’s Qtrly PBT up 101%
Marico acquires Enaleni’s subsidiary

Jai Balaji posts net profit of Rs 50.87 cr
Kalpataru Power reports 26% increase in total revenue
Sangam (India) Q2FY08 net sales up 38% at Rs 189cr
Vipul Ltd records 213% increase in net profit at Rs 11.19cr

Sona Koyo Steering forms JV with AAM
Parenteral Drugs registers 446.87% growth in net profit
Indoco Remedies net profit up 31.67%


Financial Tech total income increases by 1024% to Rs 4610mn
Financial Technologies (India) Limited, India’s leading technology solutions provider for capital, commodities, forex and bond markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2007.

Financial Technologies has reported total income of Rs.4610 million for the quarter ended September 30, 2007, a growth of 1024% as compared to Rs.410.2 million for the quarter ended September 30, 2006. EBITDA margin stood at 96% and PAT has grown to Rs. 3385 million as compared to Rs.262.5 million for the same period, a growth of 1189%.

Q2 FY2007-08 (July-September 2007) vs. Q2 FY2006-07 (July-September 2006)

· The total income increased by 1024% to Rs. 4610 million in Q2FY2007-08 as compared to Rs. 410.2 million in Q2FY2006-07.
· EBITDA has gone up by 1398% to Rs. 4422.5 million in Q2FY2007-08 as compared to Rs.295.3 million in Q2 FY2006-07
· EBITDA margin has increased to 96% in Q2FY2007-08 as compared to 72% in Q2FY2006-07
· PBT was up by 1396% to Rs. 4365.2 million in Q2FY2007-08 as compared to Rs.291.8 million in Q2FY2006-07.
· PAT expanded by 1189% to Rs.3385 million in Q2FY2007-08 as compared to Rs.262.5 million in Q2FY2006-07

Kotak Mahindra Bank launches Kotak BillPay
Core Projects revenues jump 278.57%, PAT up 281.43%
CBoP’s net profit up 34% to Rs 416mn

Likely to bag $82m West Asian order: Power Grid
TCI H1 EBIDTA jumps 22%



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Result Updates

Teledata Group NP at rs 205.77 crore1 Nov, 2007, 1900 hrs IST
Teledata Group has recorded net profit of Rs 205.77 crore for the second quarter ending September 30,2007.

Gammon India net down 34.49% for Sep`07 qtr

Tube Investments net down 40.38% for Sep`07 qtr

Cinemax`s net up 58.47% for Sep `07 qtr

Taj Gvk Hotels net up 6.75% in Q2

Ansal Properties net up 2.34 times for Sep`07 qtr

Essar Oil loss narrows 52.66% for Sep`07 qtr

Aarti Industries` net dips 21.33% for H1FY08

Aptech swings to profit of Rs 1.40 mn

Deccan Aviation net loss widens for Sep` 07 qtr

Sunil Hi-Tech net zooms 4 times for Sep`07 qtr

Radico Khaitan net up 53.96% in Sep` 07 qtr

LT Overseas net up 45.57% for Sep`07 qtr

Shriram City Union Finance net up 96% in Sep`07 qtr

Alok Industries Q2 earnings climbs 31.65%

Madhucon Projects net up 19.89% in Sep`07 qtr

P&G net up 34.72% in Sep`07 qtr

EIEL Q2 net up by 51% at Rs 24.72 cr



Aftek Q2 net profit up at Rs 25.73 cr
1st-Nov-2007
Aftek Limited declared its Q2 FY08 result. The company in Q2 FY08 has registered net sales of Rs 93.74 crore, up 19.10% on YoY basis.


Ruchi Soya Q2 net profit up at Rs 32.6 cr
1st-Nov-2007
Ruchi Soya has declared its second quarter results. Its Q2 net sales stood at Rs 1989 crore versus Rs 1555 crore.


DCB Q2 net profit up at Rs 14.5 cr
1st-Nov-2007
DCB has declared its second quarter results. Its Q2 NII stood at Rs 50.7 crore versus Rs 27 crore.


Ispat Q2 net profit up at Rs 13.5 cr
1st-Nov-2007
Ispat in Q2 has reported net profit of Rs 13.5 crore versus Rs 2.32 crore on YoY basis. During the same quarters, its net income was at Rs 2049 crore versus Rs 1891 crore, YoY.


Aptech Q3 net profit down at Rs 7.68 cr
1st-Nov-2007
Aptech Q3 CY07 net profit at Rs 7.68 cr versus Rs 10.47 crore on YoY basis. During the same period, the company reported net sales were at Rs 65.3 cr versus Rs 54.7 cr, YoY.


United Spirits Q2 net profit up at Rs 80.2 cr
1st-Nov-2007
United Spirits in Q2 FY08 has registered net profit of Rs 80.2 cr versus Rs 67 crore in the same quarter previous year. During the same quarters, its net sales were at Rs 752.6 crore versus Rs 753.5 crore.



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Religare IPO oversubscribed 156.44 times on closing, other stories

Initial public offering of Religare Enterprises (Q, N,C,F)* (REL), a financial services company, received overwhelming response from investors. It was oversubscribed 156.44 times on closing day till 6 pm. It received 1,185,175,915 bids as against issue size of 7,576,102 shares. A total of 171,621,205 bids were received at the cut off price. The price band was fixed between Rs 160 to Rs 185 a share. REL is promoted by the promoters of Ranbaxy Laboratories and the issue is graded by ICRA with an IPO Grade 3 on a 5 point scale.

The equity shares of the company, offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). REL is a holding company of 11 subsidiaries, which are engaged in a wide range of financial products and services targeted at the retail, high networth individuals and the corporate and institutional clients. Along with its various subsidiaries, it offers a wide range of services ranging from equities,
commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services.

It has divided its product and service offering under three broad client interface categories i.e. retail spectrum, wealth spectrum and institutional spectrum

and other stories from Myiris.Com

Barak Valley IPO oversubscribed 28.53 times on closing

Gammon India net down 34.49% for Sep`07 qtr

Mundra Port IPO seems to be attractive

Mundra Port IPO oversubscribed 4.67 times on day one

Consolidated Construction bags orders worth Rs 1275.3mn

Suzlon to export to 40 countries in five years

IFC eyes Rs 1433.9 mn worth stake in Karnataka Bank

Titan Eye+ to open 250 stores across India



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Sensex ends 114 pts down in volatile trade

NIFTY 5866.45 -34.20
SENSEX 19724.35 -113.64

Though a few blue chip stocks, ONGC (6.6%), Reliance Petroleum (6.2%), Larsen & Toubro (4.3%), ICICI Bank (3.35%), Reliance Communications (2.45%), Ranbaxy Laboratories (2.1%), BHEL (1.85%) and Infosys Technologies (1.7%) romped home with impressive gains, it turned out to be a highly negative close for the market today.

Notwithstanding a positive start - the US Federal Reserve's decision to cut bank rates by 25 basis points had buoyed up the mood in early trade - the market struggled almost right through the session today as participants appeared somewhat clueless once again about the near term impact of the hike in CRR and restrictions on Participatory Notes on the market.

The Sensex, which hit a high of 20,204.21 after opening with a positive gap of nearly 300 points at 20,130.23, ended the day with a loss of 113.64 points or 0.57% at 19,724.35. In intra-day trades today, the barometer touched a low of 19,634.47.

The Nifty, which moved past the 6000 mark to a new high of 6011.95 in early trade this morning, plunged to a low of 5837.20 before it ended at 5866.45, down 0.58% or 34.20 points from its previous closing mark.

Mahindra & Mahindra (1.4%) and HDFC Bank (1.4%) closed on a firm note. State Bank of India ended with a marginal gain.

Maruti Suzuki (down 6.5%), Hindustan Unilever (6.4%), Bharti Airtel (down 6.3%), Reliance Energy (down 5.3%), Hindalco (4.25%), ITC (4.05%), Reliance Industries (down 3.95%), NTPC (down 3.05%), HDFC (down 2.75%), ACC (down 2.3%), Tata Steel (down 2.2%) and Bajaj Auto (down 2.1%) went down sharply.
Tata Motors, Tata Consultancy Services, Dr. Reddy's Laboratories, Cipla, Satyam Computer Services, Wipro and Grasim Industries lost 1% - 2%. Ambuja Cements, which moved in a very narrow range, settled with a loss of 0.55%.
VSNL, MTNL, Siemens, Hero Honda, Zee Entertainment, Nalco, Unitech, HCL Technologies, Hindustan Petroleum Corporation, GAIL India and SAIL closed with sharp losses today. Punjab National Bank, Sun Pharmaceuticals, Tata Power and ABB posted smart gains.
Midcap stocks reeled under a severe bout of pressure in afternoon trade and mirroring the sharp fall in values of stocks in that space, the BSE Midcap index tumbled 2.07% today. Reflecting the sell-off in smallcap stocks, the BSE Smallcap index fell 1.53% to 9646.61.
Among the sectoral indices, the FMCG index suffered the most. It lost as much as 4.16% today. The Realty index closed lower by 2.96%. The Auto, CD, Metal, Oil & Gas and Teck indices eased by 1% - 2.25% while the Healthcare index drifted down by 0.46%. BSE IT closed with a minor loss.
With a few frontline stocks from capital goods and banking sectors faring impressively, the BSE CG and Bankex moved up by 1.75% and 1.84% respectively. The PSU index settled with a gain of 0.77%.
The market breadth turned highly negative today. Out of 2815 stocks traded on BSE, as many as 1817 stocks closed in the negative territory. 944 stocks posted gains and 54 stocks ended unchanged from their previous closing levels.

The National Stock Exchange recorded a turnover of Rs 28,476.07 crore, the biggest ever in its history. Reliance Petroleum (Rs 3950 crore), Reliance Natural Resources (Rs 2389 crore), Reliance Industries (Rs 1645 crore), Reliance Communications (Rs 1441 crore), Reliance Energy (Rs 1028 crore) and Reliance Capital (Rs 777 crore) contributed significantly to the rise.

Larsen & Toubro, Jindal Steel, ICICI Bank and Bharti Airtel were the other turnover toppers today.


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Corporate of the Day

Vinod Dham

former microprocessor designer for Intel and creator of the Pentium processor .

Vinod Dham (Hindi: विनोद धाम), born 1950, is a venture capitalist, and is often referred to as the father of the Intel Pentium processor.[citation needed]
Vinod was born in the city of Pune, India. He completed his undergraduate education in Electrical Engineering from the Delhi College of Engineering. In 1971, after graduation, he joined a Delhi-based semiconductor company called Continental Devices. In 1975, he left this job and joined University of Cincinnati to pursue a masters degree in Electrical Engineering, where he specialized in Solid State Science. After completing his masters degree in 1977, he joined NCR Corporation at Dayton, Ohio. He then joined Intel, and started working on the Pentium chip. He rose to the position of vice-president of Intel. He left Intel in 1995, and joined a number of startups including NexGen, which was acquired by AMD, and then went on to Silicon Spice. He is also the co-founding partner of New Path Ventures which has funded Companies like Nevis Networks.he gave a nice and interesting lecture to 2nd year electrical engineering students of IIT madras on 31st oct 2007



For more, Visit: http://en.wikipedia.org/wiki/Vinod_Dham


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