Upcoming IPO - SAMVARDHANA MOTHERSON FINANCE LIMITED

SAMVARDHANA MOTHERSON FINANCE LIMITED


Issue Open: May 02, 2012
Issue close:         May 04, 2012
Price Band: Rs. 113 - Rs. 118 Per Equity Share
Minimum Bid Size:         50 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount  for Retail Investor: Rs. 200000

SAMVARDHANA MOTHERSON FINANCE LIMITED:

Incorporated in 2004, Samvardhana Motherson Finance Limited (SMFL) is a multinational business with manufacturing and design capabilities providing full system solutions to diverse industries. SMFL provides an end-to-end range of design and manufacturing solutions to the automotive customers, including product concept and product design, engineering, manufacturing, sub-assembly and the production of integrated modules.

IPO Grading / Rating:
ICRA has assigned an IPO Grade 4 to Samvardhana Motherson Finance Ltd IPO. This means as per ICRA, company has 'Above Average Fundamentals'.

Website:
http://www.motherson.com/Group-Companies.html

Upcoming IPO -> TRIBHOVANDAS BHIMJI ZAVERI LIMITED

TRIBHOVANDAS BHIMJI ZAVERI LIMITED

Incorporated in 1949, Tribhovandas Bhimji Zaveri Ltd. is India top jewellery retailer. Company sells gold jewellery, diamond-studded jewellery, platinum jewellery and jadau jewellery though 14 showrooms in 10 cities across five states.Company's most popular and oldest showroom is located at Zaveri Bazar, Mumbai. This was established in 1864.

Issue Open: April 24, 2012

Issue close: April 26, 2012

Price Band: Rs. 120 - Rs. 126 Per Equity Share

Minimum Bid Size: 45 Equity Shares

Face Value: Rs. 10 Per Equity Share

Issue Type: 100% Book Building

Maximum Subscription Amount  for Retail Investor: Rs. 200000

IPO Grading / Rating:
CRISIL has assigned an IPO Grade 3 to Tribhovandas Bhimji Zaveri Ltd (TBZ) IPO. This means as per CRISIL, company has 'Average Fundamentals'.

Maintain ‘reduce’ rating on Infosys – TP Rs.2500

1. Company’s 4QFY12 USD revenue declined 1.9% qoq, as against guidance of 0-0- 0.02% increase.

2. EBIT missed market estimates buy EPS was in line with expectations due to higher other income.

3. The guidance for FY13 of USD revenue growth of 8-10% and EPS estimate of Rs.159 – Rs.161 looks 

poor.

4. Estimates and rating on the scrip are under review due to weak outlook.

5. Guidance for FY13 is with the anticipation of 0-1% qoq revenue growth in 1Q and 4-5% qoq revenue 

growth in 2Q –Q4.

6. Poor EPS outlook for FY13 does not factor in any wage hike and it is due to worries regarding poor 

demand, which is an industry- wise worry.

7. Retain ‘reduce’ rating on the stock with the earlier target price of Rs.2500 over one year.

Top SIP funds

Top SIP fund picks

Large-cap funds	Multi-cap funds
Principal Large Cap Fund	ICICI Prudential Discovery Fund - IP
Birla Sun Life Frontline Equity Fund - Plan A	Birla Sun Life Dividend Yield Plus
Tata Pure Equity Fund	Tata Dividend Yield Fund
Birla Sun Life Top 100 Fund	UTI Opportunities Fund
Reliance Top 200 Fund - Retail	Quantum Long-Term Equity Fund
BSE Sensex	BSE 500
Mid-cap funds	Tax saving funds
SBI Magnum Sector Funds Umbrella - Emerg Buss Fund	HDFC Taxsaver
DSP BlackRock Small and Midcap Fund	Fidelity Tax Advantage Fund
Sundaram Select Midcap	Franklin India Taxshield
IDFC Premier Equity Fund - Plan A	Religare Tax Plan
Sundaram SMILE Fund	ICICI Prudential Taxplan
BSE Midcap	S&P Nifty

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).

Website:

www.mteducare.com

Upcoming IPO -> National Buildings Construction Corporation Limited

Issue Period	22 Mar 2012 to 27 Mar 2012
Price Band	Rs. 90 - Rs. 106 * (Discount as applicable)
Lot Size	60 Equity share and multiple of 60 equity shares thereafter
Issue Size	Rs. 127.20 Crore
IPO Rating	4/5 CARE
Listing on	BSE & NSE
Issue allocation	QIB - 50% | HNI - 15% | Retail - 35%
* Discount	Retail and Employee category are eligible for a discount of 5 % (Maximum application size for both categories is Rs. 200,000)

NATIONAL BUILDINGS CONSTRUCTION CORPORATION LIMITED:

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'.

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. 

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.

ITC

ITC
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.