Sunday, August 28, 2016

NSE TO DELIST 140 COMPANIES

National Stock Exchange has identified 140 firms, which have failed to comply with list guidelines and initiated the process of delisting  which is likely to be completed by October-end.

Thursday, August 25, 2016

LUPIN's SUBSIDIARY RECEIVES US FDA APPROVAL

Lupin's US subsidiary, Gavis Pharmaceuticals LLC., U.S.A.has received final approval for its Linezolid® Tablets, 600 mg from the United States Food and Drug Administration (FDA) to market a generic equivalent of Pharmacia & Upjohn Company's Zyvox® Tablets, 600 mg. Linezolid® Tablets, 600 mg are the AB rated generic equivalent of Pharmacia & Upjohn Company's Zyvox® Tablets, 600 mg. 

It is indicated in adults and children for the treatment of certain infections caused by susceptible Gram-positive bacteria. 

NSE SHIFTS 11 STOCKS TO BZ GROUP

NSE has transferred the following securities to ‘BZ’ series with effect from September 01, 2016 due to non-compliances.

Acropetal Technologies Limited 
Broadcast Initiatives Limited 
ENTEGRA Entegra Limited 
GEI Industrial Systems Limited 
Kemrock Industries and Exports Limited 
Lumax Automotive Systems Limited 
Paramount Printpackaging Limited 
Resurgere Mines & Minerals Limited 
Shri Aster Silicates Limited 
Spectacle Ventures Limited 
Suryajyoti Spinning Mills Limited

IPO ANALYSIS: MADHYA BHARAT AGRO PRODUCTS LIMITED - INVEST



ISSUE DETAILS


ISSUE OPENS / CLOSES ON
29-8 /02-09-2016
ISSUE SIZE / OFS
57,90 0000 equity shares
FACE VALUE
RS 10
PRICE BAND
RS 24

BUSINESS
Manufacturers of Beneficiated Rock Phosphate (BRP) and Sulphuric acid

PROMOTERS
Pankaj Ostwal, Mr. Praveen Ostwal, Seasons Agro Chem India Private Limited & Ostwal Phoschem (India) Limited
LISTINGS
NSE EMERGE

BRLMs

HEM SECURITIES
REGISTRAR
BIG SHARE
IPO GRADE
NA

Wednesday, August 24, 2016

FORTHCOMING IPO: LAURUS LABS LIMITED



                                                 ISSUE DETAILS


ISSUE SIZE
RS 300 CR PLUS OFS OF 2.44 CR SHARES
PRICE BAND
--
FACE VALUE
RS 10

BUSINESS
PHARMACEUTICALS MANUFACTURERS
PROMOTERS
DR. SATYANARAYANA CHAVA, NAGA RANI CHAVA, DR. RAJU SRIHARI KALIDINDI, RAVI KUMAR V V AND DR. LAKSHMANA RAO C V
LISTINGS
BSE, NSE
BRLMs
KOTAK MAHINDRA CAPITAL, SBI CAPS, JEFFERIES, CITIGROUP
REGISTRAR
KARVY
IPO GRADE
NA


Tuesday, August 23, 2016

RBL BANK IPO SUBSCRIBED 70 TIMES

RBL Bank IPO has received 70 times subscription on the last day.

HPCL Q1 NUMBERS BEAT ESTIMATES

HPCL has posted a net profit of Rs. 2098 cr for the quarter ended June 30, 2016 as compared to Rs. 1614 cr for the quarter ended June 30, 2015. 

The total income has decreased from Rs. 55059 cr for the quarter ended June 30, 2015 to Rs. 51936 cr for the quarter ended June 30, 2016.

Net profit for the quarter were at least 10% more than what the analysts were expecting.

INDRAPRASTHA GAS POSTS RS 148 CR NET IN Q1

IGL has posted a net profit after tax of Rs. 148 cr for the quarter ended June 30, 2016 as compared to Rs. 102 cr for the quarter ended June 30, 2015. 

The total income has increased from Rs. 907cr for the quarter ended June 30, 2015 to Rs. 908 cr for the quarter ended June 30, 2016.

The stock gained Rs 30 and closed at Rs 729.

Monday, August 22, 2016

IPO ANALYSIS: SHIVA GRANITO EXPORT LIMITED - AVOID



ISSUE DETAILS


ISSUE OPENS / CLOSES ON
23-8 /29-08-2016
ISSUE SIZE / OFS
42 lacs shares
FACE VALUE
RS 10
PRICE BAND
RS 12

BUSINESS
Importer and exporter manufacturers of decorative stones

PROMOTERS
SURESH UPADHYAY AND ABHISHEK UPADHYAY
LISTINGS
BSE SME

BRLMs
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
REGISTRAR
BIG SHARE
IPO GRADE
NA

IPO ANALYSIS: MITSU CHEM PLAST LIMITED - AVOID



ISSUE DETAILS


ISSUE OPENS / CLOSES ON

26-08 / 31-08-2016
ISSUE SIZE / OFS
10 lacs shares
FACE VALUE
Rs 10
PRICE BAND
Rs 95

BUSINESS
Polymer based moulded products manufacturers

PROMOTERS

 Jagdish Dedhia, Mr. Sanjay Dedhia and Mr. Manish Dedhia
LISTINGS
BSE SME

BRLMs

ARYAMAN FINANCIAL SERVICES
REGISTRAR
BIG SHARE
IPO GRADE
NA

RBL BANK IPO GETS 3 TIMES SUBSCRIPTION ON DAY 2

RBL Bank IPO has received 3 times subscription on day 2. The IPO closes tomorrow.

SUPPLY OF POOR QUALITY FABRICS : WELSPUN TANKS 20%

Welspun shares have slumped 20 per cent as its European client Target  has severed all its business ties with Welspun India over Egyptian-cotton controversy. 

Target says that in July it discovered that 750,000 sheets and pillowcases labeled Egyptian cotton were made with another type of cotton / poor quality cotton.

The stock has tanked 20% and trading at Rs 82.

Sunday, August 21, 2016

10 OUT OF THE 21 IPOS OF 2015 TRADE BELOW OFFER PRICE

In 2015 a total of 21 IPOs hit the market. Out of the above only 11 are trading above the offer price. The rest are trading below the IPO price.

The stocks that are trading below IPO  price are -  Ortel, Adlabs, Inox Winds, MEP Infra, UFO Moviez, PNC Infra, Pennar Engg, Sadbhav Infra, Prabhat Dairy and Coffee Day 

FirstChoiceIPO had advised the investors to stay away from the IPOs which are trading below the offer price.

RARE COINCIDENCE: GUJARATIS ARE AT HELM OF AFFAIRS IN INDIA


In a rare coincidence since independence Gujaratis are now calling shots in India.

Look at the following list.





1.
PM OF INDIA
SHRI NARENDRA MODI
2.
RBI GOVERNOR
URJIT PATEL
3.
OIL KING AND RICHEST MAN OF INDIA

MUKESH AMBANI
4.
DIAMOND KING
BHARAT SHAH / NIRAV MODI

5.

PRESIDENT OF THE BIGGEST POLITICAL PARTY OF THE WORLD

AMIT SHAH
5.
GOLD KING
RAJESH MEHTA
6.
THE MAN WHO CONCEIVED THE FAMOUS IPL FORMAT

LALIT MODI
7.
SECOND RICHEST MAN OF INDIA
DILIP SANGHVI OF SUN PHARMA
8.
IT CZAR AND GREATEST PHILANTHROPIST OF INDIA

AZIM PREMJI OF WIPRO ( BORN IN GUJARAT)
9.
HEAD OF THE FASTEST GROWING NEW GENERATION BANK

UDAY KOTAK
10.
FORBES 40 RICHEST INDIANS

GUJARATIS
11.
TOP FIVE RICHEST INDIANS
GUJARATIS
12.
KINGS OF STOCK MARKET
GUJARATIS

APART FROM THE ABOVE MOST OF THE WHOLE SALE BUSINESS IN INDIA ARE CONTROLLED BY GUJARATIS.



NOTE: THEY ARE ALL SELF MADE PERSONS / ARE HOLDING POSITION BECAUSE OF THEIR EXCELLENCE IN THE CHOSEN FIELD. NO POLITICS.

Friday, August 19, 2016

RBL BANK IPO GETS GOOD RESPONSE ON DAY 1

RBL Bank IPO has received 66% subscription on day 1.

NSE SHIFTS 4 STOCKS TO 'Z' CATEGORY

NSE has shifted the following 4 stocks to Z category.

1. Broadcast Initiatives Limited. 

2. GEI Industrial Systems Limited. 

3. Lumax Automotive Systems Limited.

4. Kemrock Industries and Exports Limited.

SBI TO MERGE SBBJ, SBM, SBT AND BMBL

SBI will merge SBBJ, SBM, SBT and BMBL with self. The acquisition scheme provides for allotment of:

a. 28 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of SBBJ

b. 22 equity shares of Rs 1 each of SBI for every 10 equity shares of Rs 10 each of SBM

c. 22 equity shares of Rs each of SBI fvor every 10 equity shares of Rs 10 each of SBT

d. 4,42,31,510 equity shares of Rs 1 each of SBI for every 100 crore equity shares of Rs 10 each of BMBL.



Thursday, August 18, 2016

DEUTSCHE BANK MAINTAINS BUY ON JUST DIAL, TARGET RS 1000

Deutsche Bank has recommended to buy Just Dial with a medium term target of Rs 1000. Just Dial has corrected more than 50% in the last one year and 15% in the last one month.  The stock closed at Rs 471 in yesterday's trading.

Rio 2016 Medals tally


#CountryGold medalsSilver medalsBronze medalsTotal medals
1United States28302886
2Great Britain & N. Ireland19191250
3China17152052
4Russia12141541
5Germany118928
6Japan1041832

Courtesy : BBC News.