Wednesday, September 28, 2011
M&M FINANCE (652)
Support at 648 below 639. Resistance at 660 above 668 and more. (Buy at declines)
CAIRN INDIA (280.25)
Support at 272 and 265. Resistance at 282 above 286 and more. (Buy for delivery)
Resistance at 72.1 above 73 and 77. Support at 70 below 68.1. (Buy at declines)
REDINGTON INDIA (92.1)
Resistance is there at 92.65 above 93 and 96. Support at 90 below 89.1. (Buy for delivery)
JSW STEEL (609.1)
Resistance is there at 614 above 618. Support at 601 below 590 and 584. (Sell at higher)
Posted by Admin at 10:21 AM
September 28, 2011
October 05, 2011
Rs. 180 - Rs. 186 Per Equity Share
Minimum Bid Size:
30 Equity Shares
Rs. 10 Per Equity Share
100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 200000
M AND B SWITCHGEARS LIMITED:
Incorporated in 1999, M and B Switchgears Ltd is engaged in manufacturing of distribution transformers, power transformers, furnace/rectifier transformers and special purpose transformers.Company is in business of manufacturing transformers for more than 30 years and is a preferred supplier of quality transformers.
ICRA has assigned an IPO Grade 2 to M AND B SWITCHGEARS LIMITED IPO. This means as per ICRA, company has 'Below Average Fundamentals'.
September 29, 2011
October 05, 2011
Rs. 145 - Rs. 155 Per Equity Share
Minimum Bid Size:
40 Equity Shares
Rs. 10 Per Equity Share
100% Book Building
Maximum Subscription Amount for Retail Investor:
FLEXITUFF INTERNATIONAL LIMITED:
Incorporated in 1966 as Saurabh Potteries & Ceramics, Flexituff International Ltd is today in the business of manufacturing Flexible Intermediate Bulk Containers (FIBC), Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
IPO Grading / Rating:
CARE has assigned an IPO Grade 3 to Flexituff International IPO. This means as per CARE, company has ' Average Fundamentals'.
Tuesday, September 20, 2011
RDB Rasayans is entering in the capital markets with an initial public offering, IPO of 45,00,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 72/- at lower level and Rs 79/- at upper level.
The issue opens on Sep 21, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Incorporated in 1995, RDB Rasayans Ltd, an ISO 9001:2008 certified organization, engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. PP sacks are mainly used for packing the different products in the fertilizers, cement, polymers, chemicals, textiles, machinery, automobiles and steel industry etc.
RDB Rasayans produces FIBCs of U+2 panel, Circular Jumbo bags, Baffle bags, All panel bags, Conductive FIBC and Static dissipative FIBCs. In addition to FIBC, the Company also manufactures various woven polypropylene products including Small bags, Box woven bags, Roofing underlayment fabric, Courier bags, Ground covers, Silt fence and Geotextiles. The Company offers woven bags and fabrics in both PP and HDPE. Its products are UV stabilized and pre-conditioned against shrinkage.
Tijaria Polypipes Ltd is entering in the capital markets with an initial public offering, IPO of 1,00,00,000 equity shares of face value Rs 10/- each aggregating Rs 60 crore through the fixed price IPO.
The issue opens on Sep 27, 2011 and closes for subscription on Sep 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Incorporated in 2006, Tijaria Polypipes Ltd is an ISO 9001:2000 Certified company engaged in the business of plastic pipes. Tijaria is manufacturing of pre-lubricated HDPE pipes (PLB HDPE), PVC & SWR pipes, sprinkler pipes and systems, flat tubes, fittings and PET straps under the registered brand name of Tijaria and Vikas. The company produces a big product range in the field of plastics, HDPE sprinkler, drip irrigation, micro irrigation, telecommunications etc.
Tijaria's product offerings include HDPE pipes, PVC pipes, LLDPE pipes, HDPE DWC pipes, PLB HDPE Ducts, MDPE pipes, uPVC RIGID & BLUE CASING pipes, Pet Granules, MICRO/DRIP Irrigation System, SWR PIPES & FITTINGS, PPR Pipes & Fittings, HDPE Sprinkler System. These products are used in irrigation, telecommunication, industrial, and infrastructure and housing sector. Total production capacity of Tijaria Polypipes is 25163 million tonnes per annum (MTPA).
Wednesday, September 14, 2011
Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction. Company is headquartered at Nasik, Maharashtra. Prakash Constrowell has successfully execute a range of construction projects in the state of Maharashtra awarded by government and semi-government bodies using Public-Private Partnership (PPP) model.
The issue opens on Sep 19, 2011 and closes for subscription on Sep 21, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Wednesday, September 7, 2011
Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an Follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has not been fixed yet.
Oil and Natural Gas Corporation Ltd (ONGC) is the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.
The issue opens on Sep 20, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
PG Electroplast Ltd is in the business of Electronic Manufacturing Services (EMS). Company manufactures variety of electronic component and finished goods for Original Equipment Manufacturers (OEMs) of consumer electronic products in India. PG Electroplast manufactures products as color television sets (CTV) & components, air conditioners sub-assemblies, DVD players, water purifiers and Compact Fluorescent Lamps (CFL).
The issue opens on Sep 07, 2011 and closes for subscription on Sep 12, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Tuesday, September 6, 2011
Cluster: Ugly Duckling
Price target: Rs155
Current market price: Rs109
Strong presence in the fast-growing light hair oil category: Bajaj Corp Ltd (BCL), part of the Shishir Bajaj group, is the third largest player in the hair oil segment and has emerged as the dominant player in the premium light hair oil (LHO) category with its Almond Drops hair oil. Driven by a rise in the disposable income and aspirations of consumers the LHO market has seen a strong growth of 25.5% CAGR in the past four years. With its strong positioning, product differentiation and distribution strength, BCL has grown at a relatively much higher rate and increased its market share in the LHO category from 38% to over 50% in the same period.
Enhancing its product portfolio: Leveraging on its strong presence in the LHO segment and the distribution strength of over 2 million retail outlets, BCL is looking at enhancing its product portfolio through brand extension and introduction of new products. In line with this strategy the company has recently launched Kailash Parbat Cooling Oil (KPCO) in the cooling hair oil category. The initial response has been quite encouraging with KPCO achieving a volume market share of 1% within the first quarter of its launch.
Strong growth momentum to sustain: Despite the hike in the average selling price in response to the rising input cost, BCL was able to report a strong volume growth of 19.9% in Q1FY2012. The company would be able to sustain a healthy double-digit volume growth in its flagship brand, Almond Drops, while the newly introduced KPCO would bring in the incremental growth in volumes. Consequently, we have factored in a 17% compounded annual growth in volume over the next two years.
Attractive valuations: With leadership in the LHO category, BCL is well poised to achieve a good growth in a scenario in which people are climbing up the value chain and consumption in rural India is on the rise. We expect BCL's top line and bottom line to grow at CAGR of 24% and 18% respectively over FY2011-13. It has around Rs400 crore as cash & cash equivalents which provides an opportunity to carry out both organic and inorganic growth activities. The stock is currently trading at 13.7x its FY2012E EPS of Rs8.0 and 11.2x its FY2013E EPS of Rs9.7. Considering the company's good cash generation ability and the better visibility of its earnings over the next two to three years, we believe the stock is trading at a stark discount to some of its FMCG peers. Hence, we initiate coverage on the stock with a Buy recommendation. Our price target stands at Rs155