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/

Listing -> PTC India Financial Services Ltd

PTC India Financial Services Ltd Listed today. Price went under of its issue price. End of the day price is 24.90 rs.

Detail of this IPO,
BSE Scrip Code: 533344
NSE Symbol: PFS
Listing In: 'B' Group of Securities
ISIN: INE560K01014
Issue Price: Rs. 28.00 Per Equity Share
Retail Category: Rs. 27.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Time for DIVIDEND Birla Sun Life Tax Relief '96

Birla Sun Life Tax Relief '96

(An Open ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years) Rs. 4.00/- per unit Dividend declared on March 31, 2011 (Record Date).

Update

The government today said Coal India has lowered the production target to 440.20 million tonnes from 460.50 million tonnes for the current fiscal. The Navratna company, however, is likely to miss the revised target too as the output recorded by February stood at 380.62 million tonnes (MT).

Texmo Pipes and Products said on Monday a fire last week at its factory at Burhanpur has destroyed its raw material stock and storage shed.

IPO Status -> Shilpi Cable Technologies Ltd

Shilpi Cable Technologies Ltd IPO finally subscribed 3.48 times on its closing day. Shilpi Cable IPO was open on Mar 22, 2011 and closed today on Mar 25, 2011 for subscription. Shilpi Cable has received bids for 2,99,49,295 shares as against issue size of 85,96,492 shares.

Listed -> Lovable Lingerie Ltd

Lovable Lingerie Ltd has listed today and the price went more than 20%.

At the end of the day the price was 249.20 Rs.

Day High: 278.95

Day Low: 241.40

IPO Status

Lovable Lingeries IPO was open on Mar 08, 2011 and closed on Mar 11, 2011. IPO was oversubscribed by 35.21 times (20.84 times in retail) on closing day.

March 29,2011.
ACC Limited - FINAL DIVIDEND RS.13/- PER SHARE AND ONE TIME SPECIAL DIVIDEND RS.7.50/- PER SHARE.

Buying TIPS

TCS

TCS is recommended to buy with a target price of Rs.1300 over one year. The stock is currently traded in the range of Rs.1080.

It seems that 4QFY11 would be slightly weak due to seasonal factors (4Q is generally weak) and the revenue growth for the quarter would be 3- 4% qoq, as against the market expectation of 5-6% revenue growth. However, FY12 appears to be a strong year and the revenue growth is expected at 25% with stable EBIT margin of 27-28% range.

United Phosphorus Ltd

Hold it for one year. Target price :230.

Reliance Industries Ltd, GAIL and Andhra power producers have signed agreements involving swapping of gas to ensure additional gas supply for generating 600 Mw power in the state. Thursday’s agreement would enable supply of another 2.594 million standard cubic metres of gas per day to power units in Andhra. The resulting power production of almost 600 Mw is important for farmers of the state, said a petroleum ministry statement. The agreement was signed in the presence of the minister, S Jaipal Reddy, who is a Congress MP from the state.

Upcoming IPO

Shilpi Cable Technologies Ltd

Shilpi Cable Technologies Ltd is entering in the capital markets with an initial public offering, IPO of Rs. 55.88 Crore. The price band for the issue has been fixed at Rs 65/- at lower level and Rs 69/- at upper level.

Shilpi Cable Technologies Limited is engaged in the business of manufacturing Radio frequency (RF) cables, widely used in telecom, automobile and power sectors. The Company’s product portfolio includes RF Cables of various sizes for the telecom sector, low voltage power cables and cable accessories.

The issue opens on Mar 22, 2011 and closes for subscription on Mar 25, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

This is graded as '1' which means poor in fundamentals.

Website:
http://www.shilpicables.com/

Subex Ltd, TCS

Bangalore-headquartered Subex Ltd announced today that it has been chosen for a $12 million licence contract by a mobile group operating in Europe, West Asia and Africa to implement its ROC platform for fraud management and revenue assurance.

Tata Consultancy Services (TCS), has signed a multi-year multi-million IT infrastructure deal with the Netherlands-based Royal Haskoning, an international engineering and environmental consultancy. The scope of the project covers end to end IT infrastructure services, which will be provided from TCS’ global delivery centers in the Netherlands, Hungary and India.