30 stocks at 17K: How much Rs 1L investment would have fetched you

30 stocks @ 17K: How much Rs 1L investment would have fetched you

30 stocks @ 17K 1 Oct 2009, 1137 hrs IST

Print Save EMail Write to Editor

Courtesy: TNN At 17,000, the Sensex has crossed an important psychological and technical level. On September 26, 2007, it had for the first time gone over the 17,000 mark. Over the next seven months, it crossed several milestones to top 21,000 in early-January 2008. But within the next 10 months, it had lost nearly two-third of its value to a multi-year low of 7,700 in late October of the year. In less than a year from then, the yo-yo is back at 17,000. However, investors’ wealth, measured by BSE’s market capitalisation, is now Rs 6 lakh crore more than what it was when the Sensex had crossed the 17,000-mark earlier. If you had invested Rs 1lakh in each of the 30 stocks on September 26, 2007, when the Sensex was at 17K, today you would have made..

Hero Honda 1 Oct 2009, 1132 hrs IST

Print Save EMail Write to Editor

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History 17k Closing 2007 (Rs): 737 17k Closing 2009 (Rs): 1,670 % Change: 127 Your Rs 1L would now be worth: 2,26,685

Maruti Suzuki 1 Oct 2009, 1132 hrs IST

Print Save EMail Write to Editor

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History 17k Closing 2007 (Rs): 962 17k Closing 2009 (Rs): 1,699 % Change: 77 Your Rs 1L would now be worth: 1,76,555

Tata Power 1 Oct 2009, 1132 hrs IST

Print Save EMail Write to Editor

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History 17k Closing 2007 (Rs): 833 17k Closing 2009 (Rs): 1,319 % Change: 58 Your Rs 1L would now be worth: 1,58,464

Sun Pharma 1 Oct 2009, 1131 hrs IST

Print Save EMail Write to Editor

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History 17k Closing 2007 (Rs): 946 17k Closing 2009 (Rs): 1,399 % Change: 48 Your Rs 1L would now be worth: 1,47,980

Wipro 1 Oct 2009, 1131 hrs IST

Print Save EMail Write to Editor

Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History 17k Closing 2007 (Rs): 455 17k Closing 2009 (Rs): 602 % Change: 32 Your Rs 1L would now be worth: 1,32,369

MOre @ 30 stocks @ 17K: How much Rs 1L investment would have fetched you


Source: EconomicTimes.com

RIL eyeing stake in Dutch petchem major: Sources

RIL eyeing stake in Dutch petchem major: Sources



Mukesh Ambani-owned petrochemical behemoth Reliance Industries (RIL) is eyeing to acquire part or whole of LyondellBasell, reports CNBC-TV18 quoting sources.

LyondellBasell http://en.wikipedia.org/wiki/LyondellBasell> is a Netherlands-based bankrupt petrochemical company, which is among the world’s producer of polymers, petrochemicals and fuels. It has an about USD 27 billion in assets with over USD 19 billion in debt at the time of filing for bankruptcy — the company also had an annual revenue of USD 50.7 billion in 2008. It filed for Chapter 11 bankruptcy protection in January this year and obtained a debtor-in-possesion financing of USD 1.8 billion in February — Merrill Lynch, Citigroup and RBS are among the key lenders to the company. LyondellBasell is expected to come out with a rights issue in October for additional liquidity.

Related News:
• See latest News about Reliance
• See previous management interviews
• See what other Experts & Brokerages are saying about Reliance

Sources said the acquisition could entail RIL making a cash payment of USD 3.25 billion to its vendors.

Reacting to the report, LyondellBassel said it does not yet know who would be the sponsor for the rights offering. “The rights details would be determined and would be communicated in the next few weeks. The details would be made part of the planned supplement,” it said, adding that the rights details would be made known to the bankruptcy court.

RIL, which had on Thursday raised USD 650 million via a sale of treasury stock, declined to comment if the sale was connected to the LyondellBasell transaction.

“The sale of treasury shares is accretive for RIL and is a transaction, which represents only 7.5% of our treasury stock and less than 1% of our equity capital. RIL is committed to growth and creating value for long-term shareholders,” it said. “The sale of treasury shares is a clear statement of intent from the management that it is going to make substantial investments to continue its' established track record of value creation. However, as a policy, we will not comment on any speculation on the deployment of these funds."

Read page 2 for CNBC-TV18's Gautam Broker's analysis..

According to sources, Reliance could be eyeing the bankrupt Petro-chemical giant LyondellBasell. This could be big for Reliance and even for India because there are few companies that can make this kind of a mark in the world.

LyondellBasell, before it went bankrupt in 2008, had annual sales of USD 50.7 billion. The company had USD 27 billion in assets and now an USD 19 billion in debt when it filed for bankruptcy.

LyondellBasell filed for Chapter 11 bankruptcy in January this year because of a short-term liquidity crisis. They did not have cash to manage that is why they went on to create a record of raising almost USD 9 billion in debtor in possession bankruptcy loan from bankers at a time when the liquidity crunch in the US was at a high. So they made a big record by raising such a big bankruptcy loan.

The debtor in possession bankruptcy loan of LyondellBasell stands at USD 8.1 billion and the lenders who lend to this company had lend about USD 3.25 billion in new money. That was in cash to the company so that it could run its businesses. The others were more on taking on the senior debt that the other lenders had with LyondellBasell.

Merrill Lynch, Citigroup and Royal Bank of Scotland are among the key lenders to LyondellBasell. So this is where the puzzle fits into the picture that Merrill Lynch and Citigroup were the ones that helped Reliance sell treasury shares and they are the same lenders to LyondellBasell so there could be a transaction between them.

LyondellBasell is now working to emerge out of the bankruptcy so it is looking to make a rights issue and disuse equity to the lenders and then exit out of its bankruptcy. In order to do that whoever is taking the new shares must make a cash payment to LyondellBasell and here is where Reliance could come into picture. It could make USD 3.35 billion new money that LyondellBasell is now promising its lenders to pay in cash. Reliance could make that offer and could take that rights issue offering shares on itself and that is how it could make the acquisition.

When we wrote to Reliance, Reliance did not deny this, that is why we have the confidence of presenting to you this story that Reliance is not directly saying that this acquisition or whatever inorganic growth that they are perusing would be value accretive to the company. In the end they added that they would not want to comment on how they are going to deploy the funds.

LyondellBasell on the other hand had to say that at this time we do not know who will be the rights offering sponsor so it could perhaps be referring to RIL and would not want to disclose it this point in time. RIL rights details will be determined and communicated within the next few weeks. Details of the rights offering will be a part of the plant supplement. Rights offering details will be communicated to the bankruptcy court and the rights offering will be providing additional liquidity to the company.

This is the company’s reorganization plan which will be provided to the US bankruptcy court and this hearing is schedule for October 14, so that is when the details will be made public. So if this story is right and if Reliance has to acquire or eye LyondellBasell the information should be in public domain before October 14.

Source: Moneycontrol.com < RIL eyeing stake in Dutch petchem major: Sources>

RIL's gas output may be 4 times the estimate

RIL's gas output may be 4 times the estimate

The D-6 fields of Reliance Industries in the Krishna-Godavari (KG) Basin have the potential to produce gas that is over four times the estimated peak output of 80 million cubic metres a day (mmscmd).

VK Sibal, director general, directorate-general of hydrocarbons, told Business Standard, "The 50 wells in D-6 were earlier estimated to produce a total of 80 mmscmd gas (at the rate of 1.6 mmscmd per well). However, each well can produce about 6 to 7 mmscmd, so you can estimate the potential.”

Sibal said that the government was usually conservative in approving the proven reserves as the exact potential could be ascertained only after actual production starts.

Sibal had said earlier that 18 wells had been drilled in the D-1 and D-3 gas fields in the D-6 block, but only eight had been opened, while testing was going on at two wells.

Reliance Industries has already stepped up gas production from 28 mmscmd in June to about 36-37 mmscmd now. The production will soon reach 42 mmscmd once the supply to the Dabhol power plant is increased in the first week of October, said a company official.

The Karnataka government has recently written to the Centre seeking 40-45 mmscmd of natural gas for industry in the state.

The two gas discoveries (Dhirubhai-1 and -3) and one oil discovery (in Dhirubhai-26) are amongst the 19 discoveries (18 gas and one oil) announced so far by Reliance Industries in its D6 KG basin block off the Andhra coast.

Reliance owns 90 percent in the venture, while Niko Resources of Canada holds the remainder. In the east coast, about six to seven belts are rich in gas and oil. So far, India has drilled about 0.16 wells per 1,000 sq km, which is very less as compared to 50-60 wells per 1,000 km in West Asia.

The demand for oil and gas is rising 30 per cent per annum. “We are importing about 95 to 96 per cent of our demand. The commencement of production by Cairn Energy will cater to 25 per cent of the demand,” Sibal later told reporters in Gandhinagar today.

Talking about the ongoing roadshows for bidding of hydrocarbon blocks under the New Exploration Licensing Policy VIII, Sibal said that the response has been very good and on an average about 60 companies participated in the overseas roadshows.

Sibal said he was happy with the decision of auditing gas-field costs by the Comptroller and Auditor General of India.

Asked if the Ambani feud will impact NELP VIII, he said that any corporate feud will have a negative impact anywhere in the world.

Src: Business-Standard.com <RIL's gas output may be 4 times the estimate>