EconomicTimes Updates

Gainers in Samvat '65

Last year around this time, when brokers and investors gathered at the Bombay Stock Exchange to flag off Samvat 2065 — a year in the Hindu calendar — the mood was morose. Global markets were going through one of their most turbulent periods and a recovery seemed a distant prospect, then.

A year later, as market participants assemble to welcome Samvat 2066 on Muharat trading day on Saturday, they would be a relieved lot. With key indices having risen 110% over the last seven months, Indian shares are now just 20% away from their record highs touched in early 2008. READ FULL STORY

Click NEXT to see the top A-Group gainers in Samvat 2065

Market's ready to give a rousing welcome to Samvat 2066 16 Oct 2009, 0342 hrs IST, ET Bureau

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MUMBAI: Last year around this time, when brokers and investors gathered at the Bombay Stock Exchange to flag off Samvat 2065 — a year in the Hindu calendar — the mood was morose. Global markets were going through one of their most turbulent periods and a recovery seemed a distant prospect, then. A year later, as market participants assemble to welcome Samvat 2066 on Muharat trading day on Saturday, they would be a relieved lot. With key indices having risen 110% over the last seven months, Indian shares are now just 20% away from their record highs touched in early 2008. Despite all the optimism around, driven by initial signs of recovery in the Indian economy and stability in global financial markets, concerns over the endurance of this rally remain. Market participants fear the market may choke on an overdose of liquidity, which has been fuelling stock prices in the past few months. “Though liquidity has rescued global markets and companies, it has driven stock prices to higher-than-expected levels and, now, will result in higher volatility in earnings and PE (price to earnings) too,” said Anand Shah, head — equities, Canara Robeco Asset Management. “We should not assume that the kind of liquidity that we are seeing now would remain and the reversal of liquidity could lead to a fall that is much-more than needed,” he added. Central Banks world-wide, including India, have started signalling the possibility of tightening of monetary policy early next year on fears that excess money supply may spark rapid price jumps of commodities and goods. Brokers said the hike in rates could result in some foreign investors liquidating their equity portfolios in emerging markets, including India, that have been created by borrowing at near-zero interest rates in the US. A hike in interest rates in the US would result in dollar rising against the rupee, resulting in the value of their Indian holdings eroding. Foreign institutions have pumped in close to $13 billion since early March, when the markets resumed their ascent after the tumultuous 14 months from January 2008. This, coupled, with domestic institutional inflows have driven Sensex’s valuation to close to 18 times 2009-10 and 15 times 2010-11 estimated earnings, considered steep in comparison with other markets. “Large liquidity flows into the Indian market from global and domestic funds has resulted in steep increase in stock prices, without commensurate increase in earnings,” said Sanjeev Prasad and Sunita Baldawa of Kotak Securities in a report. “We recommend investors to prepare for a likely correction in the Indian market over the next few months,” they added. Market participants are estimating a correction of 8-10% in benchmark indices and a bigger fall in the mid- and small-cap shares. A possible fall should be used to buy shares that will benefit from the likely revival in India’s and global economic growth, they said. “Indian equities continue to be vulnerable to a sell-off in global equities, or a sudden spike-up in crude oil prices. However, we believe that investors should use such volatility to buy Indian shares since the growth outlook for the next 12-18 months remains firm and is still not priced into equities,” said Amitava Neogi, ED of Morgan Stanley Private Wealth Management. Enam Securities, in a recent report, said: “Any corrections should be used to build core holdings in long-term scalar sectors linked to consumption (retail), infra (power), savings (insurance), & global suppliers (resources and IT).”

Other Related articles:

Experts' recommendations |

Samvat 2065: Sensex gives 100% returns against gold's 34%, silver's 73%
Infosys pips Bharti in M-cap race to rank 7th most valuable company

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Mid-cap stocks

5 mid-cap stocks: Here’s your middle path to prosperity 16 Oct 2009, 0425 hrs IST

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ET Bureau It’s that time of the year again when many investors rejig their portfolio and take position on their favourite stocks. With most of the blue chips having turned expensive, the only option for most investors is the mid-cap sector. We at ET Intelligence Group bring you a list of 5 mid-cap stocks that could make your next Diwali brighter. But, as always, make sure you’ve done the due diligence before placing your bets on these.

Tata Teleservices (Maharashtra) Ltd 16 Oct 2009, 0425 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History TTML, which has recently joined hands with Japan’s NTT Docomo, is the Rs 2,000-crore Tata Group company that provides telecom services in the circles of Mumbai and Maharashtra, including Goa. TTML has reported net loss in each of the past six years. However, the picture is likely to change soon. The company is aggressively adding new subscribers and has topped the 10-million mark, following its innovative pricing methods. Higher users would improve network efficiency, thereby reducing cost per user. The company has undertaken necessary capex in the last few years. TTML has reduced the level of net loss in the last three quarters. It is likely to post quarterly profit by the March 2010 quarter.

Indian Hotels Company Ltd 16 Oct 2009, 0425 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History Indian Hotels (IHCL), which has underperformed the markets, is currently trading below its book value. This appears pretty cheap as it has always traded between 1.4 and 5 times the book value in the last five years. The last few bad quarters indicate that the scrip is trading 28 times its past 12 months earnings. The hospitality industry is now going through a tough phase. However, being the industry leader, IHCL could well be the first one to move up once the tide turns. The Commonwealth Games being held in Delhi next year can be one major trigger for the industry, apart from the global economic revival.

Supreme Industries Ltd 16 Oct 2009, 0425 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History Supreme Industries, India’s leading plastic goods manufacturers, has always enjoyed a healthy history of profit growth, cashflows and dividends. Its decision to exit unprofitable businesses, coupled with rising domestic demand for plastics and a likely glut situation in polymers, are likely to keep its profit growth strong in the coming quarters. At the same time, the company has constructed a commercial complex at Andheri with 2.5-lakh square feet of saleable area at a cost of Rs 115 crore. The sale proceeds from this property will boost the company’s bottomline for the next few quarters. The scrip at Rs 363 values the company just 8.6 times its earnings for trailing 12 months, much cheaper compared to its peers.

For more about this: <Mid-cap stocks>

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Src:Economictimes.Indiatimes.com

Which hidden jewels will Ashish Chugh buy this Diwali?

Which hidden jewels will Ashish Chugh buy this Diwali?

Ashish Chugh, Invesment Analyst and Author of Hidden Gems is bullish on Visaka Industries and Deccan Gold Mines.

On Visaka Industries

Related News:
• See what other experts are saying about markets
• See what FIIs are saying about the markets
• See what Udayan Mukherjee is saying about the markets

Visaka Industries is basically a play on rural infrastructure. This company manufactures cement asbestos sheets and also reinforced cement boards. The company also has a textile division. It has got six manufacturing plants for making asbestos products and two manufacturing plant for garments.

If you take a look at the financials of the company. FY09, the sales of the company were about Rs 575 crore, profit after tax of about Rs 36 crore. This was after paying a tax of about Rs 20 crore. EPS for FY09 was about Rs 23.

If you look at the first quarter sales are up by about 10% to about Rs 190 crore. Profit after tax for the June quarter is about Rs 26 crore as against Rs 36 crore for the full year last year. Tax payment for this quarter is about Rs 12.5 crore.

For FY10 we expect the company to do a profit close to Rs 55 crore which would mean an EPS of about Rs 35. This is the stock which has got a good potential going ahead, it is catering to a growth market and at the same time the stocks is available at sensible valuations. It is available at a price to earning multiple of about 3.5 going on FY10 earnings.

If you see the dividend track record of the company, this company has got an uninterrupted track record of dividend payment for the past 12-13 years. Last year they paid about 40% dividend. So dividend yield at the current price is also about 3.5 to 4%.

So you have a stock with the market cap of about Rs 200 crore. Cash profits for FY10 are expected to be around Rs 70-75 crore. So you are getting a business to market cap to cash ratio of less than three years which is under valuation. Dividend yield is also pretty good at about 3.5-4%.

On Deccan Gold Mines

Deccan Gold Mines is the first private sector gold mining company and rather the only gold mining company listed on the Indian stock exchanges. The company has got blocks spread across four states. The total area of the blocks is more than 10,000 sq kilometers.

Talking of gold mining business gold mining company has to pass through three stages before they can commercially start mining gold. The first stage is called reconnaissance permit where they seek the approval of the authorities to do exploratory activities on say 200-300 sq kilometer of the block. Second stage is prospecting license wherein they short list about 25 sq kilometer or 30 sq kilometer out of the total area where they would like to do the further exploratory studies and the third stage is called mining lease where in they short list about half a sq kilometer or one sq kilometer where they would actually like to drill and take gold out or rather rock out and then refine it and produce gold.

The company has filed application for about six blocks for mining license. As per the management the actually mining of the company is expected to start in the last quarter of FY10-11 which is January to March of FY11 and if you look at the valuations of this company as of now the company has got zero revenues. It has a market cap of Rs 200 crore but going by what the management has been saying that. Management says that they are able to derive about 4 tonne of gold per annum assuming on a conservative basis that they are able to do only 2 tonne and taking a price of about Rs 15,000 per ten grams this would translate into revenues of about Rs 300 crore. Typically internationally the gold exploration cost is about USD 350-400 per ounce which in this case will translate into Rs 5000-5500 per ten grams. Assuming initial expenses to be high we still believe that on a conservative basis the operating profit of the company could be in the region of 40-50% which means on a revenue of about Rs 300 crore the company can do about Rs 120-150 crore of operating profit so as of now there are no profits but market cap is only Rs 200 crore which is less than 2 years of the companies operating profit. The valuation is low mainly because of two reasons. One is the uncertainties involved in the business and also the uncertainties with regard to the regulatory clearances for this company. The second relates to the psychology of the investor. Most people do not want to buy these companies now when the production is still one, one and a half years away. Everybody thinks that they are going to buy the company as soon as the company is going to start production but people will realize that smart money would already have accumulated the stock at lower levels.

I am not advocating buying the stock just now at upper circuits. I would not advise doing that but I think one can keep an eye on the stock. I would ideally believe that Rs 25-30 levels would be a good level to get into the stock but one can chose to do staggered purchases for this stock. Rather than thinking that they will buy everything when the production starts, start accumulating at this point of time. I would like to say that this is the one for a very high risk investor because of the uncertainties involved in the business and also somebody with a time frame of about 3-5 years.

Disclosure: I have investments in Deccan Gold Mines but have no investment positions or trading positions in Visaka Industries.

Src: Moneycontrol.com

Check out best stocks for Mahurat trading

Check out best stocks for Mahurat trading


ET Bureau

MUMBAI: Anand Rathi Securities has handpicked long term positive stocks where investors to place their bets for token buying during Muhurat trading.

The brokerage has advised investors to buy and then continue to accumulate the same stocks at any correction or declines. "These are long term Buy and Hold stocks, so don't panic if any decline in prices happens, rather as we mentioned above, you can accumulate or add more of them at lower prices. We are confident of long term positive outlook of these stocks," said DD Sharma, senior vice president-retail at Anand Rathi Securities.

1. Allied Digital 15 Oct 2009, 1424 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

2. Bilcare 15 Oct 2009, 1423 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

3. Biocon 15 Oct 2009, 1423 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

4. BHEL 15 Oct 2009, 1423 hrs IST

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Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History

More on this : < Check out best stocks for Mahurat trading >



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Top 5 mid-term stocks
Angel Broking: Top 5 stocks | Top 10 Diwali Stocks



Src: Economictimes.INdiatimes

RIL: World's 5th biggest 'value creator' in terms of investor returns in a decade

RIL: World's 5th biggest 'value creator' in terms of investor returns in a decade

NEW DELHI: Mukesh Ambani-led Reliance Industries has been named as the world's fifth biggest 'sustainable value creator' in a list of 25 top

All you want to know about gas row Gas row: Full Coverage Reliance Industries' KG-D6 facility World's top 10 oil producers

companies globally in terms of investor returns over a decade.

The petrochemicals giant is the only Indian company on the list, which has been topped by US-based pharma major Gilead Sciences and has been compiled by Boston Consulting Group in an annual report from its Value Creators series.

RIL is ranked even higher than NRI billionaire Lakshmi Mittal-led global steel major ArcelorMittal, and also many other global giants like BHP Billiton, Samsung, Tesco, Rio Tinto, BASF, McDonald's, Colgate-Palmolive and Procter&Gamble.

In the top five, Gilead Sciences is followed by IT major Apple (2nd place), British American Tobacco (3rd), Brazilian mining major Vale (4th) and RIL (5th).

The report, 'Searching for Sustainability: Value Creation in an Era of Diminished Expectations' has identified 25 firms, with a market capitalisation of at least USD 30 billion, that have consistently outperformed their local stock-market average during the 10 years from 1999 to 2008.

Also Read

→ Anil Ambani talks peace, RIL in accord

→ RIL surrenders 14 oil & gas blocks to government

→ Poor response to NELP 8 auction, RIL abstains

→ RIL questions sincerity of Anil's peace offer

"Companies suffering a massive decline in stock market valuation in the wake of the global economic crisis should learn the lessons of an elite group of so-called sustainable value creators that have generated sizable and sustainable shareholder returns over a decade," the BCG report stated.

Src: Economictimes.Indiatimes.com

Srisai's Instinct Stock Calls

Srisai's Instinct Stock Calls:


This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...

3-5 calls will be given in every SRISAI's INSTINCT STOCK CALLS.


Dt: 15.10.2009

India Infoline: Cmp 161

Stock has well surpassed Resi levels of 146-150 in Last two sessions. If it Closes above 146-150 levels for 2-3 days, then expect more upside from Here... So watch this... Supp @ 146-150 levels.


South Indian Bank: Cmp 141

THis Stock also has crossed Key Resi of 126 levels in last 2 session... Supports @ 118-126 levels. If That 126 level holds then It may Surpass 162-176-183 levels in Short Term.. Watch..


GDL: Cmp 125

GDL has supports at 111-116 level. So Buy This Stock with 111- as Stop Loss for a Target 134-144 levels.. Keep Strict SL...


SAIL: Cmp 180

Stocks Year high was at 188 levels.. Will It break or Not???? If it Breaks then it can go 198-206 levels soon... Supports @ 156-161-165 levels.

Essar oil: Cmp 161

Stocks has tried nearly 2-3 attempts to cross 166-170 levels... May it be Strong resistance zone at current levels... So try this stock after crossing that levels for the Tgt of 190 range... Supports at 156-147-144 levels.

Always Keep Strict Stop Loss... Keep Supp as SL(Long Trading), And Resi as SL(Short Trading)..



Ok..... Bye ....

By

Srisai

Heard on the Street and Stock Views - ET

Top stories

Heard on the Street
15 Oct 2009, 0559 hrs IST

Even as India Inc is banking on real estate IPOs to help trigger the muchneeded turnaround in the primary market, merchant bankers are sceptical about investor appetite.

Motilal Oswal recommends 'buy' on Bajaj Auto
15 Oct 2009, 0316 hrs IST

We are upgrading our earnings estimates by 4.6% to Rs 92.1 for FY10 and by 7.7% to Rs 102.9 for FY11 to factor in higher volumes in both domestic and export markets, better realisation, driven by improving product mix, higher operating leverage, higher interest income on treasury operations

Motilal Oswal recommends 'buy' on Anant Raj Industries
15 Oct 2009, 0315 hrs IST

ARIL has not only been able to comfortably ride the entire downturn (from net debt of Rs 280 crore in FY07 to net cash of around Rs 420 crore in FY09), but is now also looking to buy distressed assets.

Motilal Oswal recommends 'buy' on SBI
15 Oct 2009, 0312 hrs IST

Over the past couple of years, State Bank of India has been focusing on drawing significant synergies through an internal consolidation of its associate banks. The CASA ratio stands at 38%.

Motilal Oswal recommends 'buy' on Deccan Chronicle
15 Oct 2009, 0309 hrs IST

Deccan Chronicle will post a 1.7% Y-o-Y decline in quarterly revenue due to higher base of last year. Advertising revenue is set to grow sequentially by 2%. Decline in newsprint price will benefit the company.

Motilal Oswal recommends 'buy' on Dena Bank
15 Oct 2009, 0307 hrs IST

The bank has repriced Rs 1,200 cr deposits in the Q1. In FY10, it is planning to reprice the additional deposits worth Rs 26,000 cr, which will improve on margins.

Advisable to buy at-the-money put option as hedge: Siddarth Bhamre
14 Oct 2009, 1222 hrs IST

Options data in beginning of October series gave a tentative range of 4700-4800 on lower side and 5200-5300 on higher side to act as strong support and resistance zone respectively.

Src:Economictimes.Indiatimes.com

Forbes India: Ratan Tata among top 50 global thinkers of' 09

Forbes India: Ratan Tata among top 50 global thinkers of' 09

Ratan Tata among top 50

global thinkers of 2009

Published on Wed, Oct 14, 2009 at 13:02 , Updated at Wed, Oct 14, 2009 at 16:13
Source : Forbes India

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By: Neelima Mahajan-Bansal/Forbes India

Whose ideas shape modern business and management practices? Forbes India exclusively brings you The Thinkers 50, a ranking of global management thought leaders.

Few management thinkers have the ability to come up with one winning idea after another. C.K. Prahalad is a rare exception. He has the remarkable ability to be ahead of the times. Look at any of his key ideas — be it core competence, co-creation or the bottom of the pyramid — Prahalad’s influence on the study and practise of management has been immense.

It is no wonder then that for the second time in a row, the Indian-born management guru has earned the distinction of being the most influential management thinker alive according to the Thinkers 50, a biennial ranking of the top 50 business and management thought leaders in the world, brought out by the UK-based Suntop Media. Prahalad first topped the Thinkers 50 in 2007, unseating the formidable strategy don Michael Porter. Malcolm Gladwell, the author of Tipping Point, Blink and the more recent Outliers, came in at No. 2, while Nobel Prize winning economist Paul Krugman came in at No. 3.

The 68-year-old Prahalad is on an exciting new journey these days. Having been an avid researcher for almost four decades now, Prahalad is looking for new knowledge at the intersection of various themes he has dealt with. “My research [these days] is focused on innovation opportunities that lie at the intersection of inclusive growth [i.e. the bottom of the pyramid], sustainability, connectivity [a theme explored in the books The Future of Competition and The New Age of Innovation] and globalisation [again, a theme explored in The Multinational Mission]. This intersection will provide opportunities for new governance systems, and an ability to manage volatility,” says Prahalad. He believes that emerging countries like India can take a leadership role here if we focus on this new frontier.
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Continued on the next page...

Prahalad’s ascendance to the top of the list signals the growing influence of Indian management thinkers, a trend that first showed up in the 2007 ranking when four Indians — Prahalad, CEO coach Ram Charan, Tuck School of Business’ Vijay Govindarajan and Harvard Business School’s Rakesh Khurana — made it to the top 50.

This year, Indians have more to cheer about with a total of six Indians on the list. Apart from the original four, the two notable additions this year are senior leaders from India Inc.: Ratan Tata, CEO of Tata Industries, who makes his debut at No. 12, and Infosys co-founder Kris Gopalakrishnan, who comes in at No. 15. From the original lot, Ram Charan has moved up several slots from No. 22 to No. 13 while Govindarajan came down to No. 24 from 23 last year and upcoming leadership expert Rakesh Khurana moved up one slot to No 44.

The Indian brigade is making waves globally. For two years, Govindarajan handled the role of Chief Innovation Consultant at GE, a prestigious assignment for an academic. Says Govindarajan, “The GE assignment will shape my research agenda going forward. I want to push the thinking on the concept of reverse innovation — developing products in countries like China and India and marketing them globally.” His next book on reverse innovation will be out in 2010.

Khurana, on the other hand, after having explored the disastrous consequences of hiring “superstar CEOs” (the research that catapulted him to superstardom himself), is now focussing on the reform of MBA education, an area that is dominated by stalwarts like McGill University’s Henry Mintzberg and Stanford’s Jeffrey Pfeffer. His latest book, From Higher Aims to Hired Hands, explores the lacuna in management education. “My second area of focus is in the area of large institutional change, with a focus on leadership, globalisation, and addressing society’s most pressing global problems through the construction and reform of a new type of institutional leadership,” says Khurana.

Another Indian — London Business School’s Nirmalya Kumar — features in the list of ‘Thinkers shaping the future’, a bunch of people who aren’t on the ranking yet but have great potential going forward.

Apart from the growing influence of Indian thought leaders, this year’s Thinkers 50 shows some other interesting trends. This year’s ranking has 14 notable new entrants like Grameen Bank founder Muhammad Yunus (an impressive No. 6), Google’s Eric Schmidt, Nobel Prize winning economist Joseph Stiglitz, Rotman School of Management’s Roger Martin, Wired’s Chris Anderson, Black Swan author Nassim Nicholas Taleb, economic historian Niall Ferguson and Wikipedia co-founder Jimmy Wales.

The economic turbulence has had a bearing on the ranking, bringing to the forefront people such as Krugman and Stiglitz whose ideas now have even more takers. Also, as the ranking points out, “caring capitalists are the new heroes”, be it Prahalad’s idea of the Bottom of the Pyramid, Bill Gates’ concept of creative capitalism which borrows from Prahalad’s ideas to some extent, or Muhammad Yunus and the micro-credit revolution in Bangladesh which has spawned several new innovations.

Interestingly, 26 percent of the top 50 have entered the ranking for the first time. While people like Tom Peters, Jim Collins, Henry Mintzberg, Warren Bennis, Charles Handy and John Kotter still figure in the ranking, the newcomers are a welcome change. The world of management research could do with a fresh infusion of new ideas.

Src: Moneycontrol.com < Forbes India: Ratan Tata among top 50 global thinkers of' 09 >

Sensex ends at 17 month closing high

Sensex ends at 52-week closing high

Sensex ends at 52-week closing high 14 Oct 2009, 1545 hrs IST, ET Bureau

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What moves the stock markets? Points to remember in investing Interest rate futures trading Tips to build an equity portfolio MUMBAI: Equities mirrored gains in global markets and ended sharply higher as better corporate earnings raised hopes of strengthening of global economy. ( Watch ) Bombay Stock Exchange’s Sensex ended at 17236.02, up 209.35 points or 1.23 per cent. The index touched 52-week high of 17274.59 and low of 17117.90. National Stock Exchange’s Nifty closed at 5120.20, up 65.95 points or 1.30 per cent. The broader index hit one-year high of 5127.40 and low of 5054.35. BSE Midcap Index gained 1.95 per cent and BSE Smallcap Index moved 1.50 per cent higher. Biggest Sensex gainers were Mahindra & Mahindra (6.52%), Hindalco Industries (5.74%), Jaiprakash Associates (5.49%), State Bank of India (5.27%) and Sterlite Industries (5.2%). Losers were Reliance Communications (-6.72%), Bharti Airtel (-3.39%), Reliance Infrasrtucture (-2.51%), Grasim Industries (-0.99%) and ACC (-0.73%). Market breadth on BSE showed 1670 advances against 1083 declines. (All figures are provisional)

Src: Economictimes.com

Stock Views - Source EconomicTImes.com

Religare top 5 picks of the day
14 Oct 2009, 0331 hrs IST

Here are top 5 picsk by Religare.

Broking house: Angel Broking
14 Oct 2009, 0135 hrs IST

The bank’s recent equity dilution has strongly positioned it for revival in GDP growth. With its strong customer proposition and steady branch expansion, market share gains are expected.

Mid-term Pick: Bajaj Electricals
14 Oct 2009, 0134 hrs IST

With a strong brand and pan-India distribution network, the company is one of the fastest-growing players, it enjoys a market share of over 15-30% across products.

Mid-term Pick: Bayer CropScience
14 Oct 2009, 0133 hrs IST

The 800-cr turnover company is a leader in agri-chemical, where the opportunity for growth is vast, considering India produces 16% of the world’s total food grains, but utilises only 2% of pesticides.

Mid-term Pick: Madhucon Projects
14 Oct 2009, 0132 hrs IST

Cooling commodity prices will benefit MPL, as it has orders with fixed price contracts. It will also be one of the biggest beneficiaries of the improving liquidity.

Mid-term Pick: Reliance Industries
14 Oct 2009, 0130 hrs IST

RIL’s stock price has borne the brunt of negative news flows on the gas litigation front. However, we believe the current price has discounted the worst case scenario.

Broking house: Centrum Broking
13 Oct 2009, 0200 hrs IST

Quality low-cost land bank in NCR, strong cash flows from build-and-sell and the rental business model, cash reserves to enable acquisition of distressed assets.

Mid-term Pick: Shoppers Stop
13 Oct 2009, 0200 hrs IST

Profitable expansion of its stores and improvement in same-store-space-growth would improve profitability.

Mid-term Pick: Jindal Steel & Power
13 Oct 2009, 0159 hrs IST

A fully-integrated business model and increasing profits from power business making it a power company, and hence, would be valued accordingly.

Mid-term Pick: SAIL
13 Oct 2009, 0158 hrs IST

Improving GDP growth leading to better steel demand and expectation of 10% volume growth for next two years.

Heard on the Street

Heard on the Street


General Atlantic seen in talks to buy Bhilwara stake

US-Based PE investor General Atlantic is learnt to be in talks to pick up an equity stake in Bhilwara Energy, the power generation company of the LNJ Bhilwara Group for around $100-150 million, according to investment banking sources. “We are exploring a lot of opportunities, including selling stake to a private equity fund, but nothing has been firmed up yet,” said Riju Jhunjhunwala, executive director of Bhilwara Energy, while admitting that his firm was in talks with private equity firms. Bhilwara Energy is planning an investment of close to Rs 10,000 crore over the next five years. Earlier in 2007, Bhilwara Energy had raised a little over Rs 100 crore from New York Life Investment Management and Wachovia.

Ramsarup Industries in talks to raise Rs 100 cr

Ramsarup Industries, a Kolkata-based producer of steel wires, is believed to be in talks with institutional investors, including mutual funds, to raise close to Rs 100 crore to fund its expansion plans. It is learnt that the company has held talks with potential investors recently, but is yet to finalise the pricing of the share placement. A person familiar with the matter said the company is looking to place the shares at roughly Rs 110 per share. On Monday, Ramsarup shares ended at Rs 80.15, down 4.2%.

Broking houses to help themselves to liquidity

After having helped their clients raise money and also make some, brokerage firms feel it is time they helped themselves to some of the liquidity that is sloshing around, before it dries up. Three prominent domestic brokerage houses, all of them listed, are said to be looking to raise around $200 million each. The buzz is that they have already begun approaching institutional investors, hopeful that improved market conditions will help them get the desired valuations. Brokerage firms are expected to report strong growth in quarterly earnings, thanks to the upbeat mood in both the primary and secondary markets.

Patels Airtemp scrip inches up on HNI buy

Patels Airtemp is being accumulated at lower levels by HNIs and some MFs. The scrip which has been inching up on bourses, ended at Rs 58.60 on BSE on Monday. The company is debt free and has an order book of around Rs 100-110 crore. Given the government’s thrust on infrastructure, it is expected to sustain the momentum, feel analysts.


Reena Zachariah, Nishanth Vasudevan, Deeptha Rajkumar & Santosh Nair



Src:Economic Times.com

Note: Most of the Stocks given in "Heard on The Street" articles may have some positive/negative impact depends on the News they given... So watch that Stocks and Invest/Trade @ your own financial risk.