Friday, March 30, 2012

Top SIP funds

Top SIP fund picks
Large-cap fundsMulti-cap funds
Principal Large Cap FundICICI Prudential Discovery Fund - IP
Birla Sun Life Frontline Equity Fund - Plan ABirla Sun Life Dividend Yield Plus
Tata Pure Equity FundTata Dividend Yield Fund
Birla Sun Life Top 100 FundUTI Opportunities Fund
Reliance Top 200 Fund - RetailQuantum Long-Term Equity Fund
BSE SensexBSE 500
Mid-cap fundsTax saving funds
SBI Magnum Sector Funds Umbrella - Emerg Buss FundHDFC Taxsaver
DSP BlackRock Small and Midcap FundFidelity Tax Advantage Fund
Sundaram Select MidcapFranklin India Taxshield
IDFC Premier Equity Fund - Plan AReligare Tax Plan
Sundaram SMILE FundICICI Prudential Taxplan
BSE MidcapS&P Nifty

Saturday, March 24, 2012

Upcoming IPO -> MT Educare

MT Educare Limited is entering in the capital markets with an initial public offering, IPO of Rs. 35 Crore. The price band for the issue has been fixed at Rs 74/- at lower level and Rs 80/- at upper level.

MT Educare Limited is an education support and coaching services provider for students in the secondary and higher secondary school. Also they provide coaching services for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations.

The issue opens on Mar 27, 2012 and closes for subscription on Mar 29, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).


Thursday, March 22, 2012

Upcoming IPO -> National Buildings Construction Corporation Limited

Issue Period22 Mar 2012 to 27 Mar 2012
Price BandRs. 90 - Rs. 106 * (Discount as applicable)
Lot Size60 Equity share and multiple of 60 equity shares thereafter
Issue SizeRs. 127.20 Crore
IPO Rating4/5 CARE
Listing onBSE & NSE
Issue allocationQIB - 50% | HNI - 15% | Retail - 35%
* DiscountRetail and Employee category are eligible for a discount of 5 % (Maximum application size for both categories is Rs. 200,000)

Incorporated in 1960, National Buildings Construction Corporation Limited (NBCC Ltd) is a public sector company engaged in the business of project management consultancy services for civil construction projects ("PMC"), civil infrastructure for power sector and real estate development. NBCC is headquartered in New Delhi and in addition they have 10 regional / zonal offices across India.

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

Wednesday, March 21, 2012

Tata Motor to hike vehicle price

Tata Motors has announced a hike of up to Rs35,000 on its commercial and passenger vehicles. 

“The price hike is proportionate to the increase in the corresponding excise duty announced in the Union Budget,” said a Tata Motors spokesperson. 

The budget hiked the excise duty from 10% to 12%. The company upped the prices on March 16. 

The increase in prices could be anywhere between Rs2,000 and Rs35,000 depending on the model, the spokesperson added. 

The passenger car segment will see a price hike of Rs2,000-8,000, while utility vehicle segment will see hikes in the Rs8,000-35,000 range. The company did not give details regarding model-wise hike in prices. 

Tuesday, March 20, 2012

Hold Cairn India TP.342 rs.

  • Hike in cess from Rs.2500 to Rs.4500/ton seemed to have badly hit the upside in the stock price.

  • Delays in production approvals and the resultant restriction in production growth has also affected 

stock price movement.

  • Target price on the scrip has been revised to Rs.342 from Rs.327 on expectation of higher crude oil 

price and exchange rate benefit (Rs.50 /Dollar) and also considering negative impact of cess hike.

  • It seems that most of the positive catalysts are priced in at the current price and the potential upside 

lies with the reserve upgrade. But, this is unlikely in the near term.

  • The stock has solid fundamentals but it looks better to wait for a better entry point. 

Reliance Mutual Fund Declares Dividend

Reliance Growth Fund - Retail Plan - Dividend Plan         2.00 Rs.
Reliance Growth FUnd - Institutional Plan - Dividend Plan 2.00 Rs.

Reliance Vision Fund - Retail Plan - Dividend Plan 1.50 Rs.
Reliance Vision Fund - Institutional Plan - Dividend Plan 1.50 Rs.

Reliance Regular Savings Fund - Equity Option - Dividend Plan   1.50 Rs.

Record Date: March 23, 2012.


Cluster: Apple Green
Recommendation: Buy
Price target: Rs250
Current market price: Rs221

Price target revised to Rs250

 A price increase of additional 7-9% in the cigarette portfolio will have an impact on the sales volume of ITC's cigarette business, resulting in flattish sales for a quarter or two. However, once the prices are absorbed in the market, we expect the volume growth to improve in the subsequent quarters. Hence, we have reduced our cigarette business' volume growth expectation for FY2013 to 3.5% from 6% earlier.

Friday, March 16, 2012

New Income-Tax Slab

Tax Slab         % Change
Up to Rs2 lakh        Nil
Rs2– Rs5 lakh 10%
Rs 5–Rs10 lakh 20%
Above Rs 10 lakh 30%

Rajiv Gandhi Equity Saving Scheme

In a bid to boost retail investors' participation in the capital markets, the government has introduced a tax exemption scheme for equity markets targeted at new investors in the Union Budget 2012-13. A scheme christened as Rajiv Gandhi Equity Saving Scheme is expected to deepen bourses investors base and reduce volatility.

Under the proposed scheme, a 50% deduction on short-term capital gains tax will be allowed for new investors in the equity market up to an annual investment limit of Rs500,000. Currently, short-term capital gains tax is levied at 15% on all listed securities and units of equity-oriented funds. This means, investors will end up paying Rs 7.5% tax.

Only those taxpayers with an income of up to Rs10 lakh per annum will be eligible for it.

Tuesday, March 13, 2012

Message of the day

State-owned gas utility GAIL India today said it plans to commission the long-delayed LNG terminal at Dabhol in Maharashtra by month end or early April.

Real estate major Unitech today said it eyes a sales realisation of about Rs 250 crore over two years from the luxury housing project in Bangalore. The company announced the launch of its luxury villas project 'Aranya'. It plans to develop 68 villas in the 15-acre project. The villas sizes range from 4,319-7,000 sq ft.

Friday, March 9, 2012

L&T Construction

L&T Construction today said it had secured orders worth Rs 1,454 crore across various verticals, including power transmission and water and effluent treatment, in February and this month. In the water and effluent treatment segment, the company bagged orders worth Rs 579 crore from Tamil Nadu Water Supply and Drainage Board