MphasiS Ltd.

The company has announced that it would acquire US based Digital Risk, an independent provider of 

risk, compliance and transaction management solutions to the north American mortgage market.

The acquisition price is USD 202 million of which USD 175 million in cash and USD 27 million would 

be from earnings over 2.5 years.

The deal is expected to close by January 2013 and it would be EPS accretive in Year 1 (FY13). A

rough calculation indicates that the acquisition can boost MphasiS’s Year 2 (FY14) eps by about 2-8%, 

depending on how Digital Risk’s revenue and margins ramp up.

Management expects Digital Risk’s CY12 revenue to be USD127million, which implies 60% y-y growth 

and equals about 12% of MphasiS's revenue.

Digital Risk has increased revenue at a three-year CAGR of 70%. 

LIC & Sanghvi

LIC Housing Finance is scaling down share of high margin developer loans to 4-6% of its loan book from an initial target of 8% this fiscal due to poor support from banks to commercial realty segment.

Sanghvi Forging & Engineering LTD, a leading engineering and forging company in India has commenced commercial production at its new open die forging plant in Vadodara, Gujarat.

Adani Enterprises net profit

 Adani Enterprises net profit rose 208.45% to Rs 141.95 crore in the quarter ended September 2012 as against Rs 46.02 crore during the previous quarter ended September 2011.

Adani Enterprises board has approved infusion of additional funds in its subsidiary Adani Power and increase promoters stake to 75% from 68%.

Ashok Leyland, Airtel

 Nomura has downgraded India's second-largest truck and bus manufacturer, Ashok Leyland to 'neutral' from 'buy' and cut its target price to Rs 26 from Rs 34.

Bharti Airtel, India's top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70% under some plans, a company statement showed, in a move to boost usage of the premium services in the country.

TMB & United Phosphorus

Net profit of Tamilnad Mercantile Bank rose 66.01% to Rs 120.09 crore in the quarter ended March 2012 as against Rs 72.34 crore during the previous quarter ended March 2011. Total operating income rose 39.00% to Rs 533.59 crore in the quarter ended March 2012 as against Rs 383.89 crore during the previous quarter ended March 2011.

http://www.tmb.in/

United Phosphorus today announced a buy-back of 1.92 crore equity shares for up to Rs 288 crore from the open market. The company would buy the shares at a price not exceeding Rs 150 per share, which is over 25% higher than the current market price of Rs 119.65 per share.

Update - TVS Electronics

 Net profit of TVS Electronics rose 103.68% to Rs 2.77 crore in the quarter ended March 2012 as against Rs 1.36 crore during the previous quarter ended March 2011. Sales rose 39.29% to Rs 66.40 crore in the quarter ended March 2012 as against Rs 47.67 crore during the previous quarter ended March 2011.

Info - Bank of India

 Net profit of Bank of India rose 93.00% to Rs 952.73 crore in the quarter ended March 2012 as against Rs 493.64 crore during the previous quarter ended March 2011. Total operating income rose 23.84% to Rs 7810.62 crore in the quarter ended March 2012 as against Rs 6306.93 crore during the previous quarter ended March 2011.

Market Eye - JK Paper Ltd.

JK Paper Ltd. is India's largest producer of branded papers and a leading player in the fine papers and packing board segments.

It operates two integrated pulp and paper mills in india, JK Paper Mills in Rayagada, Orissa, in eastern India and Central Pulp Mills in Songadh, Gujrat, in western India with a combined manufacturing capacity of 2,40,000 tonnes per year, using contemporary technology.

Todays High 57.780rs. & Low 50.90 rs.

Website: http://www.jkpaper.com/