Weekly Gainers (Dec 28) : Rediff India

http://money.rediff.com/money/jsp/weekly_gainer.jsp


Company Group Prev Close (Rs) Current Price (Rs) % Change
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Ramco Systems Lt A 163.30 214.10 + 31.11
+
Shipping Corpn. A 248.35 305.25 + 22.91
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Parsvnath Developers A 373.15 457.45 + 22.59
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Adani Enterprises Lt A 900.25 1,094.20 + 21.54
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Orchid Chem & Ph A 246.20 294.70 + 19.70
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HMT Ltd. A 93.05 111.00 + 19.29
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Castrol India A 275.25 328.30 + 19.27
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Mirc Electronics A 29.70 35.40 + 19.19
+
Alok Industries Ltd. A 86.70 103.05 + 18.86
+
BASF India Lt A 264.95 313.70 + 18.40
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National Alumini A 422.30 497.55 + 17.82
+
Indian Oil Corp A 628.25 738.95 + 17.62
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CMC Ltd. A 1,187.60 1,380.75 + 16.26
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Hinduja Ventures A 605.00 702.40 + 16.10
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Finolex Industri A 102.40 117.90 + 15.14
+
Rashtriya Chem&Fert. A 97.70 112.35 + 14.99
+
Lanco Infratech Ltd. A 735.20 844.45 + 14.86
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Nirma Limited A 232.85 267.05 + 14.69
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Bharat Electroni A 1,830.85 2,097.15 + 14.55
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Arvind Mills Ltd A 78.35 89.50 + 14.23
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Bank of Baroda A 403.90 456.70 + 13.07
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Tata Steel A 824.80 931.40 + 12.92
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HTMT Global Solution A 494.25 556.30 + 12.55
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Bongaigaon Refin A 92.90 104.35 + 12.33
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Great Eastern A 499.15 560.55 + 12.30
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Aventis Pharma Ltd. A 1,001.05 1,121.75 + 12.06
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Jindal SawA 949.20 1,059.10 + 11.58
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GNFC A 192.40 214.25 + 11.36
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HCL Infosystem A 244.90 272.50 + 11.27
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Reliance Energy Ltd. A 1,939.85 2,155.30 + 11.11
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Kotak Mahindra Bank A 1,161.90 1,286.30 + 10.71
+
DLF Ltd. A 961.25 1,063.70 + 10.66
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GAIL India Ltd. A 479.55 530.65 + 10.66
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Cairn India Ltd. A 223.35 246.90 + 10.54
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Punj Lloyd A 509.45 561.50 + 10.22
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KRBL Ltd. B1 106.85 161.45 + 51.10
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Eurotex Inds. B1 37.00 55.60 + 50.27
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Kohinoor Foods Ltd. B1 70.45 102.00 + 44.78
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Pochiraju Industries B1 33.85 48.95 + 44.61
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Glodyne Technoserve B1 281.40 394.10 + 40.05
+
Everonn Systems Indi B1 759.80 1,050.90 + 38.31
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NoidaTollBridge B1 54.60 73.50 + 34.62
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Guj. Amb.Exports B1 67.45 90.45 + 34.10
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Seamec Ltd. B1 209.00 279.95 + 33.95
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LG Balakrishnan&Bros B1 32.60 43.55 + 33.59
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FCS Software Sol.Ltd B1 95.20 127.05 + 33.46
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Swaraj Engines B1 229.95 300.30 + 30.59
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Aegis Logistics Ltd. B1 273.35 356.30 + 30.35
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Gwalior Chemical Ind B1 87.50 113.25 + 29.43
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R Systems Internat. B1 102.65 132.65 + 29.23
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Unity Infraprojects B1 806.10 1,039.25 + 28.92
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Gati Ltd. B1 119.55 154.10 + 28.90
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KCP Ltd. B1 625.25 803.55 + 28.52
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SPL Industries L B1 31.45 40.40 + 28.46
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Rico Auto Inds. B1 40.80 52.40 + 28.43
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Themis Medicare Ltd. B1 219.45 281.70 + 28.37
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LT Overseas Ltd. B1 77.05 98.65 + 28.03
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Dhanus Technologies B1 263.95 337.35 + 27.81
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Federal Mogul Goetze B1 136.70 173.65 + 27.03
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KEW Industries B1 36.65 46.55 + 27.01
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Nandan Exim B1 5.77 7.31 + 26.69
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Pyramid Saimira Thea B1 420.60 531.70 + 26.41
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Tata Metaliks B1 157.35 198.40 + 26.09

More @ www.rediff.com



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Weekly wrap up: Sensex adds 1,044 points: Myiris.com

Weekly wrap up: Sensex adds 1,044 points

Indian stocks bounced back again in the week ended December 28 as the outcome of better outlook of US economy, higher oil & metal prices and heavy foreign inflows. The higher consumer spending last month in US, boosted confidence in US as well as global markets. The broad based rally in the market was led by the metal, consumer durables, realty, oil & gas, power, banking and IT stocks.

However on Friday, the Indian shares fell marginally, following the drops in Asian stocks after the former prime minister of Pakistan, Benazir Bhutto was assassinated and on growth concern of US and Japan, the world`s two largest economies. BSE Sensex, India`s benchmark 30 share index, added 1,044.38 points, or 5.45%, to 20,206.95 over the week ended December 28, while the broad based NSE Nifty advanced 313.2 points, or 5.43%, to 6,079.70 in the same period. The small and mid-cap shares managed to outperform over the benchmark index. The mid-cap index gained 6.08% while the small-cap index jumped 9.21% over the week.

BSE Metal index jumped 9.17%, while Consumer durable index gained 8.51%. Realty index rose 8.07%, Oil & gas index went up 7.81%, Power index climbed 6.68%, Bankex index gained 6.03% and IT index rose 5.36% over the week.



Overseas investors were net buyers in equities worth Rs 35.32 billion in the period of December 24 to December 27. As per the provisional figures, overseas investors bought net of Rs 6.54 billion worth equities on December 28. On the other hand, Indian mutual funds were net buyers in equities to the tune Rs 22.89 billion in the period of December 24 to December 27. Major Corporate Developments

> Shares of leading transformers maker, Transformers & Rectifiers (India) listed at 69.89% at the NSE on Friday. TRIL intends to set up a Greenfield manufacturing facility at Moraiya, near Ahmedabad, to manufacture transformers at a cost of Rs 666.80 million.

> The market regulator, SEBI cleared the way by rejecting objections to the initial public offering of Reliance Power, a subsidiary of Reliance Energy.

> Maruti Suzuki India, the Nation`s biggest passenger car maker, is considering price cut of its cheapest car to compete with Tata Motors proposed Rs 100,000 car. > Bharti Infratel, a wholly owned subsidiary of the India`s biggest telecom operator, Bharti Airtel, announced on Friday that leading international investors have agreed to invest USD 1 billion in Bharti Infratel. The international investors are Temasek Holdings, The Investment Corporation of Dubai, Goldman Sachs, Macquarie, AIF Capital, Citigroup & India Equity Partners, with Temasek Holdings being the largest investor.

> Rashtriya Chemicals & Fertilizers and GAIL India signed a MoU to set up coal gasification project at Talcher in Orissa.> The joint venture of Larsen and Toubro, the country`s largest engineering company, in Oman has bagged three contracts worth Rs 7,487 million.

> National Thermal Power Corporation (NTPC), India`s biggest thermal power generator, signed a loan agreement of Rs 10 billion along with a bond subscription agreement of Rs 10 billion with Life Insurance Corporation of India to finance capital expenditure for power generation projects, coal mining & LNG business and renovation & modernization activities.

> Suzlon Energy, Asia`s leading and world`s fifth largest wind power solutions provider, has received a major new order from ONGC, India`s leading oil and gas exploration and production (E&P) player for 51 MW of wind turbine capacity.

> The board of ONGC approved the second pipeline replacement project along with necessary modifications, at a cost of Rs 25.53 billion, to be implemented over a period of 3 years to strengthen the pipeline network for oil and gas transportation.InflationIndia`s annual rate of inflation stood at 3.45% for the week ended Dec. 15, 2007, as against 3.65% on the previous working day. The annual rate of inflation stood at 5.73% as on Dec. 16, 2006.

The week aheadMarket on Monday is likely to open negative on concerns over US economy. The US commerce department reported on Friday that new home sales plunged 9% in November over previous month. This was the worst sales growth since April 1995. However, energy shares are likely to gain over the next week on higher oil price outlook as there are concerns over supply situation in US and mounting tensions in Pakistan and Northern Iraq.

Technical View: Market to remain positive next weak
Brokers` Outlook: Market likely to open flat on Monday



Source: http://www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Economic Times Updates

http://economictimes.indiatimes.com/



SEBI for real estate investment trusts
Assocham projects GDP growth rate at 9%
Annual inflation at 3.45 pct on December 15
-----------------------------------------

RPL IPO
RIL to go global: Mukesh Ambani
StanChart to seek new buyer for MF business
Tips for 2008
Stepping stones to build your business Online
Goldman Sachs, Temasek, others invest $1 bn in Bharti Infratel
FIIs remain net sellers on bourses

Quatrro BPO scouting for overseas buys
FM's Advisor resigns ahead of Budget
Tata's billion-dollar bets face risks: Report
BoI gets board approval to raise Rs 1,500 cr
L&T may spin off boiler business

Banks' gross NPA down to 2.5% of loans and advances in 2006-07
BSE to launch mini contracts in derivative market
Nifty futures rollover at its highest
TRIL posts 56 per cent gain in debut trade
Gateway Distriparks shares rise 9% as Indian promoter hikes stake

DLF to list 5 units, raise $5 bn
SEBI approves Reliance Power's IPO
Predictions and Tips for 2008



Source: http://economictimes.indiatimes.com/headlines.cms. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

deadpresident blog Updates

http://www.deadpresident.blogspot.com


Weekly Stock Ideas
Weekly Newsletter

Tata Power
Mercator Lines, K P R Mill, Tata Metaliks,Apar Industries, REI Agro
Post Market Commentary

Weekly Close: bounce back with optimism !
Realty firm in lacklustre market
Sensex soars 1,044 points

Geopolitical situation could weigh on bourses
Small-cap, mid-cap stocks shine
Grey Market - Reliance Power, eClerx, BGR and more

eClerx Services to debut on bourses
Bulls hope for indomitable spirit!
Whirlpool of India

Allied Digital Services
Daily Technical Futures - Dec 28 2007


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EClerx, Brigade to list on Monday

Brigade Enterprises to list on Monday

Brigade Enterprises, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, will list on the stock exchanges on Monday, December 31, 2007. It has fixed the issue price at Rs 390 per equity share (upper end of price band) for its initial public offering of 16,624,720 equity shares of Rs 10 each.

The price band was between Rs 351 and Rs 390 per equity share. The issue opened for subscription on December 10, 2007 and closed on December 13, 2007. According to the preliminary bidding data received from the stock exchanges, the issue was subscribed 13.07 times. The qualified institutional bidders' portion was subscribed around 18.29 times; the non institutional bidder portion was subscribed around 4.89 times and the retail bidder's portion subscribed around 5.6 times.

The primary objective of the issue is to fuel the future growth plans of the company, including by way of acquisition of land, meeting construction and development costs in relation to the Company’s ongoing and forthcoming real estate projects and general corporate purposes.
The global co-ordinators and book running lead managers to the issue are J P Morgan India Private Limited and Enam Securities Private Limited and the book running lead manager is ICICI Securities Limited.

Brigade may give Rs 50-60 gain on listing
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eClerx Services likely to list around Rs 400: Experts

eClerx Services, provides data analytics and customised process solutions to global enterprise clients, is likely to list at around Rs 400-500, according to experts. They also advised that one can remain invested in the stock.

R S Iyer of K R Choksey Securities said, "eclerx Services is likely to open around Rs 400-500. One should book profits above Rs 450."

"Its deep domain knowledge, unique business model, proven delivery model, ever increasing clientele base, consistent Y-O-Y growth over the last four years will drive the growth of eClerx Services Limited. Investors can remain invested in the stock with a medium to long term view", Arpit Agrawal Head of Research, Arihant capital markets said.

According to Investment Advisor, S P Tulsian, "eClerx Services is likely to get listed on Monday at Rs 390 as against the IPO price of Rs 315 per share. Profit booking is advised upto Rs 375."
It had entered capital market with an initial public offering of approx. 37.41 lakh shares of Rs 10 each and raised more than 1000 million. The issue was subscribed 30 times. The price band was between Rs 270 and Rs 315 per equity share.

The proceeds of the issue will be used, inter alia, to fund acquisitions; make infrastructure investments; set up additional facilities and avail of listing benefits. The Company's portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services.

eClerx Services to list on Dec 31
eClerx looks good with long term perspective: Experts



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Trans and Rect ends with 56% premium

Trans & Rect ends with 56% premium

It was a fanastic listing for Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers. It has ended the day at Rs 726.10, up 56.15% over its offer price of Rs 465. It has touched a high/low of Rs 790 (opening price) and Rs 682.30, respectively on the NSE. The stock slipped below Rs 700 mark due to negative sentiment across the markets but managed to recover and remained above Rs 700 through the day.

It traded with volumes of 37,21,559 shares and turnover was at Rs 271 crore.Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.

He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months. The stock closed at Rs 728 on the BSE and traded with volumes of 26,62,545 shares. It has hit an intraday high/low of Rs 813.75 and Rs 685.20, respectively.

The company had entered capital market with an initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share. The issue was over-subscribed 91.31 times.
The objects of the proposed Issue are to finance the setting up of the proposed greenfield manufacturing facility at Moraiya, near Ahmedabad, Gujarat, for manufacturing transformers, to part-finance incremental working capital requirements.

----------------------------------------------

Transformers and Rectifiers (India), one of the major players in the Indian market manufacturing a wide range of transformers ranging from power generation, transmission, distribution transformers, industrial transformers and a wide range of speciality transformers, has got fantastic listing after its excellent response to its issue. The stock has listed at Rs 790, a premium of 70% over its offer price of Rs 465 on the NSE and touched a low of Rs 682.30.
Jitendra Mamtora, CMD, Transformers and Rectifiers told CNBC-TV18, the business is setting up a Greenfield plant for Transformers. They will start production in the new plant by June 2008.
He expects FY09 sales at Rs 400 crore and profit at Rs 40 crore to be a reasonable estimate. Current order book is at Rs 355 crore, to be executed over 7-8 months.

Excerpts from CNBC-TV18's exclusive interview with Jitendra Mamotra:

More @ Trans & Rect expect FY09 sales at Rs 400 cr


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NSE revises market lots for derivative contracts : Moneycontrol

NSE revises market lots for derivative contracts

NSE will cut derivative contracts market lot from December 28 to minimum Rs 2 lakh. Derivative contracts market lot cut is in line with SEBI directive.

It is proposed to carry out revision of market lots for derivatives contract as given below:

To ignore operational complexities, in cases 3, 4 & 5 above, only the far month contract i.e. March 2008 expiry contracts will be revised for market lots. Contracts with maturity of January 2008 and February 2008 would continue to have the existing market lots. All subsequent contracts (i.e., March 2008 expiry and beyond) will have revised market lots.

More @

http://www.moneycontrol.com/india/news/market-news/nse-revises-market-lots-for-derivative-contracts/21/55/318895


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Moneycontrol, Myiris Business Stories

www.Moneycontrol.com


Indian mkts least hit by Pak tragedy, end flat
Hot midcap picks from PINC Research
Benazir's slaying may hurt Pak ratings: S&P
Sebi directions to pave way for Rel Power IPO

BSE launches SENSEX mini contracts
UBS-StanChart deal fizzles out
Prakash Ind to raise Rs 1k cr via thermal unit?
Trans & Rect see FY09 sales at Rs 400cr

Intl invt buy USD 1 bn stake in Bharti Infratel
2007 review: Fund manager's favourites
Mid & small cap stocks likely to outperform: PN Vijay
Pak govt reveals how Benazir was killed [ Off Topic]

Analyst positive on markets for FY08
JSW to invest 49% in JV with Georgia's Geo Steel: NW18
For smart retail investors, ICICI Direct's midcap picks
Reliance Petroleum can go upto Rs 300

Order book at Rs 500 crore: Kalindee Rail Nirman
Top sector performers for 2007
NSE revises market lots for derivative contracts
NSE launches mini F&O contract on S&P CNX Nifty index

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www.myiris.com

Brokers` Outlook: Market likely to open flat on Monday
FIIs remain net buyers in equities worth Rs 9,440 mn on Dec. 27

Forex reserves decline by USD 232 mn
Brigade Enterprises to list on bourses on Dec. 31
eClerx Services to list on bourses on Dec. 31
Cambridge Technology to acquire Q-Soft Systems
Godrej acquires 5% in Geometric

RCF, GAIL signs MoU to set up coal gasification project
Jindal Steel fixes Jan 28 for stock split
Active stock: Kew Ind jumps 19.97% on plans to increase capacity
Mediaone Global allots 5:1 bonus shares
Active Stock: R Systems zooms 16% on acquisition news

Transformers and Rectifiers debuts at 50% premium at BSE
Suzlon Energy fixes record date for stock split
DLF may list 5 subsidiaries
Bhushan Steel to form JV with Sumitomo Metal
Era Constructions may raise open offer price

GMR likely to list energy arm to fund projects


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OP Bhatt is BS Banker of the Year

OP Bhatt is BS Banker of the Year

Describing its choice as a "vote for the future", a distinguished four-member jury selected State Bank of India [Get Quote] (SBI) Chairman Om Prakash Bhatt as Business Standard's Banker of the Year for 2006-07.

The jury was chaired by Standard & Poor's managing director & region head (South Asia) R Ravimohan, and comprised Tata Capital managing director Pravin Kadle, ICAN Advisors managing director Anil Singhvi and Ernst & Young's head of financial services Ashvin Parekh.
The jury members concluded that Bhatt deserved the title for the series of initiatives he has taken to position the country's largest bank to compete with private bank challengers that operate with much more operational freedom.

SBI, under Bhatt's stewardship, is best positioned to make a difference to all stakeholders, they said. What tipped the scales in Bhatt's favour was his ability to make the elephant dance. Though the numbers were not impressive enough in 2006-07 - a fact the jury noted - Bhatt has been able to arrest the steep slide in its market share since September last year.

In fact, till October this year, SBI's market share in deposits has gone up by 61 basis points and advances by 11 basis points. The first SBI chairman to get a five-year term has an elaborate blueprint for regaining the bank's lost glory.

While corporate financing has been put on the fast track (the decision to part-finance the Tata Group's acquisition of Corus was cleared in 10 minutes), SBI is entering several new business streams: financial planning and advisory services, custodial services, mobile banking, payments solutions, general insurance and pension funds.

The bank has also begun taking steps to build a strong derivatives business abroad.
The annual also covers a round table discussion involving the CEOs of seven leading banks on the topic: "2009: Are banks in India ready for it?" Bankers called for a clear vision document from the government and the Reserve Bank of India on the roadmap post-2009 when the contours of the banking landscape are expected to change.

The message that came out clearly was this: while leading private and foreign banks are putting their houses in order to meet the challenge, the public sector banks are trying to make rapid strides though most of them are still struggling with legacy issues. Bankers also said that the roadmap is important since the opportunities are limitless.

With the economy growing at around 9 per cent and an increase of the share of overall credit in the national output, business can go only one way - up.


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