Akshaya-tritiya to Akshaya-tritiya returns

Akshaya-tritiya to Akshaya-tritiya returns
Akshaya-Tritiya Dates	Gold Price ( per gram)	Returns
04/05/2003	568	6.52%
22/04/2004	611	7.69%
11/05/2005	650	6.33%
30/04/2006	1020	57.01%
20/04/2007	1019	-0.17%
07/05/2008	1267	24.35%
27/04/2009	1609	27.00%
16/05/2010	1972	22.60%
06/05/2011	2349	19.09%
24/04/2012	3070	30.74%
Average		20.12%

V-Mart Retail Limited IPO

V-Mart Retail Limited is entering in the capital markets with an initial public offering, IPO of 5,746,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 195/- at lower level and Rs 215/- at upper level.

V-Mart is a medium-sized hypermarket format retail chain based in New Delhi. They are multi-brand family store offers apparels, general merchandise and kirana bazar.

The issue opens on Feb 01, 2013 and closes for subscription on Feb 05, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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%.

Ganesh Chaturthi Holiday

Please be informed that, 19th September 2012, Wednesday will be a Trading & Clearing holiday for both NSE and BSE on account of  'Ganesh Chaturthi'.

Upcoming IPO - Thejo Engineering Ltd

Thejo Engineering Ltd is entering in the capital markets (through NSE SME) with an initial public offering (IPO), aggregating upto Rs 19 crore through a book building process. The price band for the issue has been fixed at Rs 402/- at lower level and Rs 430/- at upper level.

Thejo Engineering Ltd is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports, fertilizers etc. Company is based in Chennai and provide services include belt conveyor maintenance and operations.

The issue opens on Sep 04, 2012 and closes for subscription on Sep 06, 2012. This is the first stock which is proposed to be listed on 'Emerge' the SME platform by NSE.

Website:
www.thejo-engg.com/

Market Holiday

20th August 2012, Monday will be a Trading & Clearing holiday for both NSE and BSE on account of Ramzan ID.

Varun Shipping Company reported net profit of Rs 145.22 crore in the quarter ended June 2012 as against net loss of Rs 35.25 crore during the previous quarter ended June 2011.

Mahindra & Mahindra

Buy rating on Mahindra & Mahindra (M&M is maintained with a higher target price of Rs.815 over one 

year, against the earlier target price of Rs.800. The stock is currently traded in the price range of Rs.738. The company reported better than expected result for 1QFY13. In line with positive surprise in automotive volumes, company’s 1QFY13 earnings exceeded market expectations by 8%. Most of the surprises came from revenue side, which has beaten market expectations by 8% on account of favorable product mix.

Upcoming IPO - Sangam Advisors Ltd

Sangam Advisors Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 2,304,000 Equity Shares of Rs 10/- each. The price band for the issue has been fixed at Rs 22/- per share.

Sangam Advisors Ltd is incorporated in 1999 and engaged in the business of providing diversified financial services with primary focus in assisting small and medium enterprises (SMEs) in corporate and non corporate sector in their financial planning and arranging funds for them. They are also engaged in the business of investing in shares and other securities.

The issue opens on July 24, 2012 and closes for subscription on July 26, 2012. The equity shares of the issue are proposed to be listed on the SME Platform of BSE Limited ("BSE").

Website: http://www.sangamadvisors.com/