CHINA PMI : SLOW DOWN CONTINUES

China's manufacturing activity, according to HSBC has  shrank for an 11th straight month in September. China is the  world's second largest economy in the world.

The purchasing mangers' index  for this month stood at 47.9.

The index gauges nationwide manufacturing activity, a key sector of the Chinese economy. A reading below 50 indicates a contraction in manufacturing, while a reading above 50 indicates expansion.

IPO NEWS : CALYX CHEMICALS FILES PAPERS WITH SEBI

Calyx Chemicals and Pharmaceuticals has filed papers with SEBI for an IPO. The company intends to issue 70,50,000 equity shares of Rs 10 each. The premium has not been decided. The Mumbai based company is promoted by Smitesh C Shah, B C Mehta and R I Doshi. The IPO will be lead managed by Prabhudas Lilladher and Yes Bank.

INDICES GAIN FOR THE FOURTH CONSECUTIVE WEEK

NIFTY gained 54 points for the day and 12 points for the week. Indices have gained for the fourth consecutive week. NIFTY closed at 5703, a new recent high. Today's rally was broad based, led by metal, pharma, auto, power, I T and FMCG stocks. SBI which had a dream run in Sept series managed to close around yesterday's price. SBI in the last one month has gained more than 20%. Among auto Maruti gained  maximum and closed at Rs 1350. FIIs have net bought for Rs 1230cr in cash market.

MOODY'S STILL SKEPTICAL OF INDIA'S RECOVERY

Ratings agency Moody's is still skeptical of India's recovery and  expects India's fiscal deficit to exceed 5% this year, despite the recent moves by the government to rein in deficit.

The recent measures will help deficit to reduce marginally.  Slowdown in economic growth remains a concern over the next few quarters. Moody's expects  high inflation, high interest rates and slowing consumption, besides the slowdown in the agriculture sector, will continue to haunt the Indian economy over the next few quarters ,

INDICES TO CLOSE IN RED

Global cues and futures and options squaring off may lead to indices closing in red today. Markets have been continuously moving upwards post reforms announcements. Being the last for futures and options for September series some of the pivotals may lose shine due to unwinding of positions and partial profit booking. Bank, infra, I T and metal stocks will be under pressure.

KFA UP 10% WITH HUGE VOLUMES

The shares of Mallya stable - KFA has locked in at the upper circuit (Rs15.80) with very huge volumes. More than 7.70cr shares traded in NSE alone. Mallya is trying to bring an foreign investor for the beleaguered air line.

IPO NEWS : GROUPS WHO HAVE LOST INDIAN INVESTORS CONFIDENCE GO FOR SINGAPORE LISTING

IL&FS and Fortis group are planning Singapore listing for their entities.

Malvinder Mohan Singh of Fortis Health Care is trying his luck in Singapore stock exchange, after having miserably failed to reward the investors in India. Fortis Health Care came public in April 2007 at Rs 108 a share. Even after 5 years and in spite of promoters holding nearly 70% of equity, the shares are trading below its offer price. The company has no history of dividend and bonus. On an equity of Rs 405cr, the company reported a net profit of just Rs 13cr in the first quarter of FY13. Under these circumstances an IPO or FPO in India is not possible. Now Malvinder is planning an Singapore listing for Religare Health Trust. The $400 million IPO would be launched in Sept. The funds are intended to be used for reducing the debt in the books of Fortis Health Care, which has debt in excess of Rs 6000cr.  The trust would own assets managed by Fortis.

Similarly IL&FS group is scouting for  Singapore listing for its power arm. IL&FS Transportation Net Work came IPO in March 2010 at Rs 258. The shares are now trading at Rs 185.  Hence it would be difficult to sell shares in India. 

MARKETS TO LOSE SHINE DUE TO EXPIRY

Markets toady and tomorrow may lose some shine due to futures and options expiry of September series. Barring Cairn deal FIIs have net sold in cash market yesterday. DIIs have been net selling for many trading sessions in the last two weeks. Unwinding of long positions will lead to further pressure on indices. Markets are likely to lose some shine it got after the announcements of slew of reforms.

DIIs AGGRESSIVE SELLING PUSHES INDICES DOWN

Aggressive selling by DIIs have pushed the indices to red zone today. NIFTY lost 22 points to close at 5669. DIIs have net sold for Rs 1156cr in cash markets. Thursday being the last day for squaring off positions in futures and options, the indices will come under pressure in the next few trading sessions. Bank, pharma, FMCG and infra stocks will witness winding  of long positions. BHEL gained 7% to close at Rs 249.HDFC, SAIL, ONGC and ITC lost 2% each.

S&P CUTS INDIA'S GDP GROWTH BY 1% TO 5.5%

Global rating agency, S&P has cut the India's GDP growth for FY13 by one percent to 5.5%. This is in spite of slew of reforms measures initiated by the government recently. Indices drifted low after this news. NIFTY is down 15 points and Sensex  down 65 points at 1.35p.m.

IPO ANALYSIS: RCL RETAIL LIMITED - AVOID

ISSUE OPEN / CLOSES ON	27-09-12 / 01-10-12
ISSUE SIZE	57,95,000  EQUITY SHARES
PRICE / FV	RS 10 / FV RS 10
PROMOTERS	NITESH LODHA & SHREYANS LODHA
BUSINESS	Company is  engaged  in  the  business  of  trading  of  ready  to  eat  snacks,  fryums,  bakery  products,  cookies, confectioneries,  namkeens,  chutneys,  mouth fresheners,  juices,  mobile  food  such  as  vada  pav.
OBJECTS OF THE ISSUE	For Setting up of eight  new retail outlets, setting up a food grain processing unit, strengthen supply chain management  and for meeting General corporate expenses.
LISTING	BSE-SME
GRADING	N A
BRLM	GUINESS MERCHANT BANKERS
	CAMEO CORPORATE SERVICES LTD.

SINGHS ARE KINGS

King ManMohan made the bourses dance to his tunes last week and yesterday Harbhajan Singh of Indian T20 cricket team made England to dance to his bowling. He picked up 4 wickets for 12 runs. India beat England by 90 runs. Who will be next Singh King?

GOLDMAN SACHS : L&T - FROM BUY TO NEUTRAL

Goldman Sachs downgraded Larsen & Toubro to 'neutral' from "buy". The reason being the tough macro economic environment. The stock in today's trading lost Rs 12 and trading around Rs 1573 at 10.00a.m.

APPLE @ $1000000000000 IN 2015

Apple as on last Friday valued at $ 656 billion. Analysts are predicting that Apple's valuation may cross one trillion dollar mark in 2015.  That is equivalent to market cap of all listed companies on our premier stock exchange NSE as on date. The recently released iPhone 5 has received unprecedented buying orders in countries where it is released. 

ASIAN MARKETS OPEN WEAK, SGX NIFTY IN RED.

Market across Asia opened weak. Shanghai Composite has lost one percent in the early trade. SGX NIFTY too trading red zone. Indices here to expected to open weak, after last Friday's robust performance. Profit booking at higher level is likely to keep the indices under pressure through the day. Private bank stocks which had witnessed dream run after CRR cut and reforms initiatives by the government will be under tremendous selling pressure. Indices, this week may lose some shine.

RETAIL FDI PUSH - INDIAN I T COMPANIES TO BENEFIT

Wal-Mart, TESCO and others are keen to open the stores after the government has opened the retail FDI in the segment. These retail giants use the cutting-edge technology for efficient management and better customer service. Wal-Mart, already has tie-up with Infosys as service vendors. The expected entry of other retail majors will benefit host of Indian I T companies  who specialize in the retail and supply chain management segment.

IOC, HPC AND BPC UNDER CCI INVESTIGATION

The stocks OMCs may come under pressure today as Competition Commission of India (CCI) will carry out a detailed investigation in to the alleged cartel-like behavior by these companies. Although petrol is a decontrolled commodity these OMCs are increasing or decreasing the price in unison. The first preliminary report in this respect may be out before Oct end.

IPO ANALYSIS: ANSHU’S CLOTHING LIMITED

ISSUE OPEN / CLOSES ON	26-09-12 / 28-09-12
ISSUE SIZE	RS 5.05CR
PRICE / FV	RS 27 / RS 10
PROMOTERS	RAVI BHANDARI AND REKHA BHANDARI
BUSINESS	READY MADE GARMENTS
LISTING	BSE -SME
BRLM	FIRST CALL INDIA EQUITY ADVISORS

DIWALI IN SEPTEMBER

NIFTY has gained 453 points in the month of September so far, still 5 days trading left. Today's rally is led by UPA' determination to continue reforms, Samajavadi Party extending supporting to UPA in spite of its opposition FDI in retail and expected reforms in the coming days. This development made the bank, infra and metal stocks on fire in exchanges.Axis gained 8%, SBI, ICICI and Kotak gained 4% each. FIIs have net bought in excess of Rs 2200Cr in cash market. Except TCS, INFY, Dr Reddy's and Cipla all NIFTY stocks closed in green. Dalal street it appears is celebrating the October Diwali in September itself.

HERO MOTOCORP IS IN TOP GEAR IN FUTURES TRADE

HeroMotoCorp stock is up by Rs 20 in cash market where as in futures trade the stock is up by Rs 50. In futures the stock was trading at discount to spot price for many days. The Sept futures will expire on 27-09-12, hence short covering being seen in the stock in futures trade which has pushed the prices nearer the spot price. First Choice IPO had advised about 10 days ago to take advantage of arbitrage opportunities in the stock. The call has given an hand some gain.

NIFTY SCORES THIRD CENTURY IN SEPT 2012

NIFTY is up by 102 points, third time in this month. First on 7th it was up by 104 points, on 14th Sept by 142 points and today by 102 points at 11.05a.m. Incidentally three centuries scored by NIFTY are all on Fridays. 

SENSEX UP 150 POINTS, DIDI'S GOOGLY HIT FOR A SIX

SENSEX has recovered more than what it lost yesterday in the early trade. Mamata bowled an googly to destabilize the government. The same has been hit for a six. Bank and infra stocks have surged. Only seven out 50 NIFTY stocks are in red. ICICI bank, L&T and HDFC are trading near their 52 week high.

INDICES TO OPEN IN GREEN

Political uncertainty and global cues pushed the markets down yesterday. There are more than one life line for UPA2 for survival. BSP and SP may continue to support UPA, in spite of participating in the bundh yesterday. FM has hinted that doors are open to new friends. The main opposition BJP has no confidence in itself to bring "no confidence" motion in LS. For the sake of keeping the communal forces away, secular parties like SP, BSP and JD(S) have no alternative but to support the UPA2. Government may announce more reforms next week. All these factors may keep the indices in green zone.

NTPC TO RAISE RS 13000CR THROUGH OFS

Government of India owned power major NTPC will be diluting another 9.5% through OFS which would fetch the government around Rs 13000cr.

Currently government holds 84.5%, post disinvestment the stake will come down to 75%.

NTPC initially issued shares for public in 2004 and an follow on public offer in 2009.

Shares of NTPC closed at Rs 164 (Rs10FV) in yesterday's trading. NTPC reported an EPS of Rs 11 for FY 12.

TATA MOTORS GETS BULK ORDER FROM SSVL

Tata Motors bagged one of the biggest order from one company for supply of trucks. Surat based Sri Siddi Vinayak Logistics has placed an order for supply of around 1400 trucks. Tata Motors shares were closed at Rs 271, down 1% in today's trade.

LISTING NEWS : COMFORT COMMOTRADE TO LIST ON 24-09-12

Comfort Commtrade which issued shares in BSE-SME IPO flat form will list shares on 24-09-12. The scrip will be in Trade-for-Trade segment for 10 trading days.

           

 

MARKETS WEATHERS DIDI'S STORM

The political uncertainty has helped the indices to lose some shine. NIFTY lost 46 points to close at 5554. BPCL, Bajaj Auto, ONGC, Wipro, TCS and Infy gained in otherwise lackluster trading session. BHEL, GAIL, RIL, Axis Bank and Tata Steel lost 3% each. Indices are likely to consolidate around this level till the UPA2 manages to get either SP or BSP on its board. Most likely that BSP may announce its support to UPA  since it does not want elections to LS at this juncture. In the last 15 days markets had moved substantially due to FIIs buying. Today's down ward rally was much needed for cooling the markets. FIIs have net sold to the extent of Rs 74cr, where as DIIs to the extent of Rs331cr.

FORBES 400 : THE MONK WHO BOUGHT FERRARI

There are 5 Indian-Americans, in a list of 400 billionaires, in the Forbes richest people in the USA, for the year 2012.

That includes Silicon Valley venture capitalist Vinod Khosla, founder of IT major Syntel, Bharat Desai, Founder and Chairman of the Symphony Technology Group, Romesh Wadhwani, Google board member and shareholder Kavitark Ram Shriram and Bhargava, a Princeton University drop out.

New comer to the list is Bhargava, a math whiz. Bhargava lived as a monk in the mountains of India for 12 years before returning to the US to forge a successful career in plastics. Robin Sharma's next book will be titled as 'The monk who bought Ferrari' .

NIFTY DOWN 45 POINTS.

NIFTY, as expected has shed 45 points in the early trade. Metal, infra,auto and bank stocks have contributed to the fall. IT, Pharma and FMCG stocks have gained in the morning trade. Thirty five of the 50 NIFTY stocks are trading red. Problems ridden DCHL is down 5% again in today's trade.

CLSA REPORT : INFY IS THE ONLY INDIAN COMPANY IN TOP 20

CLSA in a recent report titled 'Tremors and Cracks' published in collaboration with the Asian Corporate Governance Association , points out that the Indian regulator SEBI has not taken steps to improve the quality of financial disclosures. None of the Indian companies figured in the list of Top 15 companies in the Asia-Pacific region in terms of corporate governance score. Taiwanese technology firm TSMC topped the list, followed by Australian firms Newcrest and Brambles. Even some Thai and Malaysian firms beat Indian firms to the list. Infosys figure at number 17, in the top 20 list.

SGX NIFTY RECOVERS, TRADES IN GREEN

SGX NIFTY which was down more than 70 points yesterday due Mamata's effect has recovered and in green zone in the early trade today. Although Asian markets are down SGX NIFTY is up 10 points at 7.25a.m. However we expect our markets to open in and close in red.

COMING SOON - FDI IN PHARMA, NEW BANKING LICENSES

UPA  government undeterred by Mamata's action of withdrawing support may soon unleash the other reforms which were in back burner . Among others are FDI in Pharma and issue new banking licenses.

ANNA HAZARE PARTS WAY WITH KEJRIWAL

Team Anna has scored a self goal again. Anna Hazare on Wednesday distanced himself from the proposal to launch a political party, made by erstwhile Team Anna members Arvind Kejriwal, Prashant Bhushan, Manish Sisodia. And also Anna has imposed stricture on Kejriwal team not use his name and photo in their campaign against corruption. However, Hazare will be touring the country to put pressure on the government to pass strong Lokpal bill before the 2014LS elections. Santosh Hegde and Kiran Bedi will remain with Anna.

BILL GATES RICHEST AMERICAN, ZUCKERBERG 36TH

According to Forbes magazine Bill Gates remains the richest person in the United States with a fortune of $66 billion in 2012. Behind the Microsoft co-founder and philanthropist come investment guru Warren Buffett with $46 billion, then Oracle co-founder Larry Ellison with $41 billion.


Facebook founder Mark Zuckerberg has lost $8.1 billion and has dropped to 36th place with a net worth of $9.4 billion.

BANDH MAY AFFECT BANGALORE'S NORMAL LIFE

In Karnataka it is an state sponsored bundh. The ruling Bharatiya Janata Party is extending support to the nationwide shutdown on Thursday. The Bangalore city is on high alert with nearly 20000 policemen have been deputed to maintain law and order.

The shut down nation wide  called by opposition parties to protest against the recent hike in diesel price, cap on supply of subsidized cooking gas cylinders and for allowing foreign direct investment in multi-brand retail sector.

WORLD CUP T 20 : INDIA LOSE TWO EARLY WICKETS

India in its match against Afghanistan has lost both the openers - Gambhir and Sewag cheaply. At the end of 5 overs India had scored 30 runs for 2 wickets. Yuvraj Singh and Kohli are at the crease.

RINL TO FILE IPO PAPERS WITH SEBI NEXT WEEK

RINL will be filing papers with the SEBI next week, to raise Rs 2500cr. Unlike the IPOs of other companies, government owned companies can decide in advance, even without filing the preliminary papers, when the issue will open, close and trading will start. In case RINL the IPO will hit the market on October 16 and close on October 18. The listing of the shares in the bourses will be done on October 31.

CONGRESS CORE COMMITTEE TO MEET TODAY

Congress core committee consisting PM, Sonia and FM among others will meet today to take stock of the situation arised out of the withdrawal of support by TMC. It is unlikely the Congress will relent on its recent decisions. Congress is mentally prepared to face the election instead of acceding to the never ending demands of the allies.

TRULIA IPO OPENS ON SEPT 20TH

Trulia's IPO in the price band of $14-16 opens for subscription on 20-09-12. The San Francisco based online real-estate listing firm plans to sell 6 million shares. The shares will be listed on the New York Stock Exchange.

Trulia reported a $7.6 million loss with revenue of $29 million for the six-month period ended June 30,  compared with a loss of $2.6 million on revenue of $16 million in the same period last year.

MAMATA EFFECT : SGX NIFTY DOWN 55 POINTS.

Lord Ganesha has saved the collapse of stock market today. Exchanges are closed on account of Ganesh festival. Otherwise the indices would have opened down with nearly 2% gap, as indicated by SGX NIFTY in the early trade. UPA 2 may not fall but the uncertainty will lead to negative sentiments. Markets in the short term are driven by sentiments and news flow than the fundamentals. Markets when opens on Thursday will trade in negative territory with a bang. Fifty percent of the gains made by the indices in the last 10 trading days may be eroded in the next two trading sessions. Long live the coalition politics in India.

BSY MAY FLOAT NEW PARTY

The undisputed and most popular BJP leader of Karnataka, B S Yediyurappa may float a new political party in October. After being unceremoniously removed from the CM's post, when Santosh Hegde report which indicted him wrong doings in iron ore mining licensing and land De-notifications, BSY is moving heaven and earth to occupy the CM's post. The central BJP leaders of Advani faction  have refused make him the CM again. Then he first installed his one time loyalist D V Sadananda Gowda as CM, only to be removed by him within a year. Again he made Jagadish Shettar CM and lobbied for the party's president post. It appears the patience is running out for BSY since the central BJP leadership is not inclined to offer him the post. He may at appropriate time direct his staunch followers to quit the ministry. Then he may announce his decision of forming a new party. Most of the BJP MLAs belonging to his community may join is new out fit.

RAJ SUPPORTS RETAIL FDI

Raj Thackeray, the maverick MNS supremo has supported the Center's retail FDI proposals. His only condition is that the job created through FDI retail should go to the locals. Most political parties are opposing retail FDI for the sake of opposing, it is not based on rational.

RIL BUYS BACK 3.90CR SHARES

RIL has bought back 3,90,45047 shares worth Rs 2795cr as on 18-09-12. The stock closed at Rs 855, down 2% in yesterday's trading.

DIDI BOWLS AN 'NO BALL' GOOGLY, TINA WILL SAVE UPA

Mamata, the irresistible and the TMC's undisputed leader has withdrawn the support to UPA 2. TMC has 19 members of parliament, whose support is very crucial for UPA. She had given an 72 hours ultimatum to the UPA 2 to reverse the decisions taken last week, that is roll back of diesel price increase and to put on hold the retail FDI policy guidelines. The ultimatum ended yesterday at 5 p.m. and after a marathon meeting of the central committee members of TMC, she made the announcement of withdrawing the support. The TMC ministers at center will be submitting their resignation to PM on Friday. BSP and SP which are supporting the government from outside may be induced to join the ministry with plum portfolios. No party wants an early election to LS. And even if there is one, no single party will get majority. Many sitting MPs will lose badly. This fear will keep the LS being dissolved at bay. Mamata's googly may turn out be an 'no ball'. Likely to be hit for a six. TINA factor will help the UPA 2 to survive.

GOOGLE BUYS NIK SOFTWARE

What is Instagram to Facebook is Nik Software to Google.  The maker of Snapseed photo editing sharing app has been bought by Google for an undisclosed amount.

Nik Software, an 17 year old company, makes digital imaging software for desktop and mobile devices. The company’s Snapseed app lets users edit photos, add filters, and share them on Facebook, Flickr, Twitter, or via email.

TCS MAY DISAPPOINT IN Q2

Tata Consultancy Services, the country's largest software exporter may report slightly lower numbers in Q2 of FY13. This was disclosed by CFO of the company in an analyst meet.

The reasons being that  fresher joining, ramp up of projects from India and business from some countries which are of lower margins and marginal shift to onsite for new deal starts will slightly lower their margin in the coming quarter. 

In the last two trading sessions the stock has lost nearly 8%.

SBI CUTS LENDING RATES

Country's biggest lender SBI has reduced the minimum lending rate by 0.25 per cent, giving relief to all types of borrowers. The new base rate is at 9.75%. This move comes after Monday's CRR rate cut by RBI which has infused additional liquidity of Rs 17000cr to the banking system. Many banks are expected to announce the rate cut in the coming days.

IPO LISTING NEWS : THEJO ENGINEERING LISTS AT PREMIUM

Thejo Engineering as against the IPO price of Rs 402, got listed at Rs. 412, with a premium of 2.48 per cent and closed at the IPO price.
 
Thejo Engineering is the first company to to be listed on Emerge - the SME platform of the NSE.

INDICES SNAP NINE DAY RALLY

As expected markets closed in red after gaining for nine days. Some PSU stocks kept the indices falling at check. PNB, BOB,SBI, BHEL and GAIL were the top gainers among NIFTY stocks. Cairn,TCS, Hindalco,RIL and Wipro are the main losers.DIIs net sold for Rs 671cr where as FIIs net purchased for Rs 1049cr in cash market. Tomorrow being holiday on account of Ganesha festival, traders have squared off some of the positions. Global cues will guide our markets on Thursday.

MARKETS OPEN FLAT, INFY AND TCS IN OPPOSITE DIRECTION

Markets, following the global cues opened flat. TCS which lost 5% yesterday again trading in red zone. The stock is down one odd percent where as the other I T major, Infosys is up by similar percentage. BHEL, BPCL,Jindal and Rel infra are some of the stocks that are up in the early trade. Apart from TCS the other stocks that are down are Hindalco, Wipro, Cairn, ICICI Bank and Axis Bank.

INDICES LIKELY TO CLOSE IN RED TODAY

Benchmark indices were up for the ninth straight day, yesterday. Today too, SGX NIFTY, in the early trade, is in green zone. However markets are expected to close in red today in spite of SGX NIFTY's early direction and heavy buying by FIIs in cash market, yesterday. Down ward trend in I T stocks may continue in today's trade too. Profit booking is expected in pivotals since most of them have risen from 6-12% in the last five trading days. Reforms announced by the government has boasted the sentiments, however there are execution risks.

IPHONE 5 EFFECT : APPLE SHARES TOUCHES $ 700 MARK

The shares Apple are trading above $ 700, in after-hour trading. Apple closed at $699.80 in Monday's trading. An economist has assessed that sales of the iPhone 5 could add a half point to U.S. gross domestic product. Apple's iphone5 has received pre-order in excess of 2 million. The phone will go on sale officially next Friday.

KFA CIRCUIT FILTER REDUCED TO 10%

BSE and NSE with effect from 18-09-12 have reduced the circuit filter to King Fisher Airlines from 20% to 10%. The stock locked at upper circuit today.

BSE NEWS : SUSPENSION OF SECURITIES

BSE with effect from 11-10-12 will be suspending the following securities for non compliance of listing  provisions.

Sr. No.	Scrip Code	Company Name
1	533314	AGS Infotech Ltd
2	514199	Bala Techno Industries Ltd
3	531458	Boston Bio Systems Ltd
4	509011	Chisel & Hammer (Mobel) Ltd
5	532271	Cybermate Infotek Ltd
6	526504	Dolphin Medical Services Ltd
7	526967	Heera Ispat Ltd
8	526558	James Hotels Ltd
9	532045	Nexxoft Infotel Ltd
10	526562	Pearl Engineering Polymers Ltd
11	507962	Rajath Finance Ltd
12	523780	Ras Extrusions Ltd
13	500361	Ras Propack Lamipack Ltd
14	532055	Rashel Agrotech Ltd
15	516096	Sangal Papers Ltd
16	531781	Sapan Chemicals Ltd
17	532323	Shiva Cement Ltd
18	523309	Shri Gang Industries & Allied Products Ltd
19	504353	Titan Trading & Agencies Ltd
20	531650	Vax Housing Finance Corporation Ltd
21	507472	Venus Sugar Ltd

STOCK WATCH: RECOMMENDATIONS VS PERFORMANCE

In the recent past we had recommended some stocks for investments. A review has been made of the same. The table below throws some light on our recommendations.

NAME OF THE COMPANY	PRICE RECOMMENDED AND DATE	CMP 17-09-12
COAL INDIA	(Rs) 335 / 13-10-11	(Rs) 374
L&T	1274 / 04-11-11	1551
L&T Finance	45 / 15-04-11	47
Hindalco	106 / 09-05-12	117
Hero Motorcorp	1881 /16-5-12	1919
Tata Motors	225 / 03-06-12	280
Persistent	340 / 03-06-12	340
Glodyne	71 / 03-09-12	83
Shree Ganesh Jewellery	95 / 03-05-12	96
Rajesh Exports	125 / 15-04-12	121
Canara bank	419 / 10-05-12	360