Thursday, August 25, 2011

L&T, Coal India

L&T Construction on Wednesday said it has secured new orders worth Rs 1,340 crore in building and factories segment during Q2 FY12 for the construction of commercial and residential buildings, including add-on orders from ongoing projects.

At least 22 mines owned by Coal India, the world's biggest coal miner, face closure over environmental concerns in Jharkhand, potentially suffering an output loss of up to 40,000 tonnes a day.

Tuesday, August 23, 2011

Upcoming IPO -> TD POWER SYSTEMS LIMITED


Issue Open:
August 24, 2011

Issue close:
August 26, 2011

Price Band:
Rs. 256 - Rs. 261 Per Equity Share

Minimum Bid Size:
25 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

TD POWER SYSTEMS LIMITED:
Incorporated in 1999, Bangalore based TD Power Systems Ltd is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. Along with AC Generators Company also executes Turbine Generator ("TG") island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with their generator. Company is ISO 9001-2008 certified.

IPO Grading / Rating:
CARE has assigned an IPO Grade 4 to TD Power Systems IPO. This means as per CARE, company has 'Above Average Fundamentals'.

WEBSITE:

Sunday, August 21, 2011

Upcoming IPO - SRS Limited


Issue Period
23 August 2011 to 26 August 2011

Price Band
58 - 65

Lot Size
100 shares and in multiples of 100 thereafter

Issue Size
227.50 crore

IPO Rating
3/5 ICRA


SRS Limited was incorporated in 2000 with the objective of trading in FMCG goods and it later entered into the other business segments.

The company's business portfolio comprises cinema exhibition, food & beverages, retail, and manufacturing & retailing of jewellery.

The company has four business verticals categorised as cinema exhibition, food & beverages, retails and cash & carry, and jewellery.

The company operates a chain of cinemas spread across six cities cinema exhibition brand. It comprises 11 properties at strategic locations.

Friday, August 19, 2011

Technology stocks are downgraded

Technology stocks are downgraded to ‘reduce’ from the earlier ‘buy’ recommendation,
viewing the deteriorating outlook for the technology sector.

Though these stocks have corrected heavily in August, it seems that the prolonged macro
weakness and the recession fears are not yet reflected in the current valuation. Chances are that these stocks could be bought cheaper on a future date.

-BNP Paribas

Saturday, August 13, 2011

Upcoming IPO -> Brooks Laboratories Limited


Issue Open:
August 16, 2011

Issue close:
August 18, 2011

Price Band:
Rs. 90 - Rs. 100 Per Equity Share

Minimum Bid Size:
60 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

BROOKS LABORATORIES LIMITED:
Incorporated in 2002, Brooks Laboratories Ltd is in the business of Pharmaceutical Contract Research & Manufacturing. Company manufactures wide range of products catering to critical care segment in Parental Section like Beta Lactam, Cephalosporin & General Dry powder Injectables, Ampoules and Liquid vials, Dry Syrups and Tablets etc.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 2 to BrooksLabsIPO. This means as per ICRA, company has 'Below Average Fundamentals'.

Website:

Thursday, August 11, 2011

Upcoming IPO -> Tree House Education & Accessories Limited

Issue Open:
August 10, 2011

Issue close:
August 12, 2011

Price Band:
Rs. 135 - Rs. 153 Per Equity Share

Minimum Bid Size:
40 Equity Shares

Face Value:
Rs. 10 Per Equity Share

Issue Type:
100% Book Building

Maximum Subscription Amount for Retail Investor:
Rs. 200000

TREE HOUSE EDUCATION & ACCESSORIES LIMITED:
Incorporated in 2006, Tree House Education is one of the leading educational services providers in India. As per CRISIL report, they operate the largest number of self-operated pre-schools in India. They have 177 pre-schools under the brand name of "Tree House" across 23 cities in India.Tree House provide a wide variety of educational services to K-12 schools which includes designing curriculum and providing teaching aids, supplying methods for imparting education, organizing extra-curricular activities for students and teacher training.

IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Tree House Education IPO. This means as per CRISIL, company has 'Average Fundamentals'.

Website:

Monday, August 8, 2011

Update - NTPC

The country's largest power producer, NTPC, today said it would invest about Rs 1,00,000 crore in setting up of a nearly 9,500 MW hydro project in Arunachal Pradesh.

Web Site: www.ntpc.co.in/

Tuesday, August 2, 2011

Tip of the day

Geojit BNP Paribas

Retain ‘buy’ on Idea – TP hiked to Rs.110
Buy call on Idea Cellular has been maintained with a target price of Rs.110 over one year, as against the earlier target of Rs.85. The stock is currently quoted in the range of Rs.95.

Retain ‘buy’ rating on Kalpataru Power – TP Rs.181
Kalpataru Power has reported standalone sales of Rs.580 crore for 1QFY12. Sales is 7.2% higher yoy and 34% down qoq. Sales figure is lower than market estimates also. Shortfall in sales is due to delays in execution of transmission projects in Maharashtra on early arrival monsoons and delay in
infrastructure projects due to delay in approval from clients’ end.

Update - SKS Microfinance


SKS Microfinance has been spiralling downwards since the last one week, tumbling 27% to Rs380 from Rs522 touched on July 26. The fall can be attributed to the poor set of first quarter numbers posted by the company.

The company reported Q1 net loss of Rs218.74 crore compared to profit of Rs66.7 crore on y-o-y basis. The total income declined 47% to Rs163.55 crore from Rs306.56 crore.