GDP SLIPS AGAIN

India's GDP for the first quarter of the current fiscal (2013-14) grew at 4.4%, compared with 4.8 per cent during the preceding quarter (January-March) of the last fiscal.

COAL INDIA SLIPS BELOW IPO PRICE

Coal India which came IPO at Rs 245, 3 years ago has slipped below the IPO price for the first time. In today's trade it touched 52 week low of Rs 238. Government is planning further five percent disinvestment in the company, for which the BRLMs have been selected. 

IPO ANALYSIS : REC TAX FREE BONDS - INVEST

ISSUE OPENS  / CLOSES ON	30-08 / 23-09-2013
BOND PRICE	RS 1000, TAX FREE
SECURITY TYPE	TAX FREE SECURED NON CONVERTIBLE BONDS
RATE OF INTEREST	8.12% TO 8.62% P.A.
PERIOD	10/15/20 YEARS
ISSUE SIZE	RS 1000 CRORE,PLUS OPTION TO RETAIN ANOTHER RS 2500 CRORE
PROMOTERS	GOVT OF INDIA
BRLM	AK CAPITAL. AXIS CAPITAL, EDELWEISS, ICICI SECURITIES
REGISTRAR	KARVY
GRADING	AAA BY CRISIL, CARE, ICRA AND IRRPL

NSEL DECLARES 10 MEMBERS AS DEFAULTERS

National Spot Exchange (NSEL)  has declared 10 of its members as defaulters. These include Namdhari Food International, Namdhari Rice and General Mills, Mohan India, Swastik Overseas Corporation, White Water and Juggernaut Projects.

IPO ANALYSIS: TIGER LOGISTICS (INDIA) LIMITED

 

ISSUE OPENS  / CLOSES ON	27-08 / 29-08
IPO PRICE (FIXED)	RS 66
ISSUE SIZE	11, 40, 000 EQUITY SHARES
PROMOTERS	H S MALOHTRA, BENU MALOHTRA
BRLM	SARATHI CAPITAL ADVISORS
REGISTRAR	BIG SHARE
LISTING	BSE SME

MICROSOFT TO RELEASE WINDOW 8.1 VERSION TO CONSUMERS ON OCT 18

Microsoft has released the latest version of its operating system, Windows 8.1, to computer makers, moving a step closer to the final release of the software. For consumers, Windows 8.1 is scheduled for an October 18 release.

RE / MAX HOLDINGS PLANS IPO

Specialist real estate company Re/Max Holdings has plans to raise up to $100 million through an initial public offerings.

The company is looking to take advantage of the recovery in the U.S. housing market.

Denver, Colorado-based Re/Max operates through a network of agents and franchises and had about 92,000 agents in 95 countries as of July 31, 2013.

BANKING STOCKS WILL BOUNCE BACK SHORTLY

Banking stocks particularly private sector banking stocks are likely to bounce back in in the next 2-3 trading days.

INDIAN IPOs IN OVERSEAS MARKETS?

The government is considering allowing unlisted companies to initial launch public offers (IPO) in overseas markets and raise funds in foreign currency. The proposal to allow unlisted companies to list on overseas stock exchanges through Initial Public Offering is being considered, says finance ministry sources.

NSE EXCLUDES CHAMBAL, OPTO, GSPL,PUJLLOYD AND RENUKA SUGARS FROM F&O

NSE, w e f  Nov 1, 2013 has excluded Chambal Fertilizers & Chemicals Limited, GSPL Opto Circuits (India) Limited, Punj Lloyd Limited, Shree Renuka Sugars Limited from F&O.

PHARMA, TECH, CEMENT AND INFRA STOCKS DROWN EARLY GAINS

Pharma, Tech, Cement and Infra stocks have drowned the early gain made by indices due to surge of banking stocks. RBI measures have not helped the rupee to stabilize. Rupee has again slipped to Rs 64 level against Dollar giving fresh headache to the policy makers. Ranbaxy has lost (8%), Dr Reddy's(4), Sunpharma (3), ACC (4), JP Associates (6), Sesa Goa (8). Infy, ITC and Tata Motors have lost 2 percent each. Sensex was up 300 and NIFTY 95 points in the early trade. Now both are in red and are down 270 and 75 points respectively.

RIL SLIPS BELOW RS 800

RIL has lost 3 percent and trading below Rs 800.

GITANJALI GEMS NET NOSE DIVES

Gitanjali Gems has reported a net profit of Rs 5.94 crore for June quarter as against Rs 77 crore reported in the same quarter last year. This gives an EPS of 65 paise per share. The stock is up 5%  and locked at Rs 80.90.

RBI MEASURES, DIIs BUYING TO KEEP INDICES IN GREEN

RBI in the late evening has announced some measures to help the commercial banks, which are struggling  to cope up with the falling rupee. The central bank  will conduct an open market operation  to purchase government bonds of Rs 8,000 crore from the market on August 23, 2013.

The RBI  has also allowed banks to hold Statutory Liquidity Ratio bonds in Held to Maturity (HTM) category at 24.5 percent of their respective total deposits or net demand and time liabilities (NDTL). RBI has plan to bring it down to 23 percent from 25 percent in a progressive manner in a prescribed time frame.
Banks are now allowed to transfer Statutory Liquidity Ratio (SLR) bonds to HTM category from Available for Sale (AFS) or Held for Trading (HFT) categories up to the limit of 24.5 percent as one-time measure.

Banks can spread over the net depreciation, if any, on account of MTM valuation of securities held under AFS/HFT categories over the remaining period of the current financial year (April 01 July 14) in equal installments,  according to RBI. These measures will help the banks to breathe easy for the time being. Bank stocks are expected to stage a smart rally. Yesterday DIIs have net bought substantially in cash market. This along with the short covering will help the indices to stay in green today.

NSEL DEFAULTS, SACKS CEO

National Spot Exchange has failed to settle its promised first payment of Rs 175 crore to investors. It could pay only Rs Rs 92.12 crore crore payment as against Rs 175 crore it had committed to the sector regulator FMC. In the meanwhile it has sacked its CEO and some executives.

NEGATIVISM OVER DONE, BUY AT CMP

Markets always over reacts, on good as well as bad news. Negativism on the rupee fall has been over done. Dollar is likely to stabilize around Rs 60 in the near term. Government is likely to take concrete steps to contain CAD and arrest further fall of rupee against dollar.  Sensex is down 290 and NIFTY 95 points today. Stay invested at CMP, in front line stocks.

MORNING TRADE : ONLY 8 STOCKS IS IN GREEN

NIFTY has lost more than 75 points in the early trade. Only 8 stocks are in positive territory. They are - Lupin, TCS, GAIL, HCL Tech, INFY,Cairn,Tata Power and Ranbaxy. SBI, PNB, Asian Paints, BHEL and ICICI bank stocks have hit new 52 week low in today's trade.

CANARA BANK'S MARKET CAP BELOW RS 10000 CRORE

Canara Bank has lost more than Rs 300 since Jan 2013. Today it touched a new 52 week low of Rs 213. Its market cap as of now is less than Rs 10000 crore. 

LOOT MAAR IPOs OF 2011

Out of the 26 loot maar IPOs, we had recommended for investments only for two IPOs - Acropetal and Muthoot Finance. For the rest, we said no.  It is for the readers / investors to judge our recommendations against the actual performance of the stock in the exchanges.

ISSUER COMPANY	IPO PRICE RS	CMP RS	OUR RECOMMENDATIONS
MID VALLEY	70	7	AVOID
SUDAR GARMENTS	77	7	AVOID
ACROPETAL	90	5	INVEST
PTC INDIA FINANCIALS	28	11	AVOID
SHILIPI CABLE	69	14	AVOID
MUTHOOT	175	95	INVEST
PARMOUNT	35	1	AVOID
INNOVENTIVE	117	22	AVOID
SERVALXMI	29	2	AVOID
VASWANI	49	4	AVOID
SANGHVI	85	14	AVOID
AANJENEYA	234	37	AVOID
VMS IND	40	21	AVOID
TIMBOR HOME	63	11	AVOID
RUSHIL DÉCOR	72	32	AVOID
BIRLA PACIFIC	10	1	AVOID
READY MADE STEEL	108	69	AVOID
BHARITIYA GLOBAL	82	5	AVOID
INVENTURE GROWTH	117	6	AVOID
BROOKS LAB	100	14	AVOID
SRS LIMITED	58	28	AVOID
PG ELECTROPLAST	210	87	AVOID
PRAKASH CONSTRO	138	1	AVOID
RDB RASAYN	79	10	AVOID
M AND B SWITCH	186	16	AVOID
INDO THAI SECURITIES	74	9	AVOID