Government has changed the retail investor quota in the Offer for Sale (OFS) route. All future disinvestments will now have 20% quota for small investors, as against the existing 10%. This will benefit the retail investors, particularly in PSU OFS.
Sunday, August 31, 2014
QUOTE OF THE DAY
Remember that not getting what you want is sometimes a wonderful stroke of luck. –Dalai Lama
E U SERVES ONE WEEK NOTICE ON RUSSIA
EU has been working overtime on further restrictive measures on Russia and has given one week time for reversal, otherwise it will impose full scale sanctions on Russia.
Earlier, Ukrainian President Petro Poroshenko said his country was "close to a point of no return - full scale-war" with Russia.
GAS PRICE DIPLOMACY : MUKESH OPTS OUT OF JAPAN TOUR
Mukesh Ambani, head of Reliance Industries, has dropped out of a business delegation accompanying Prime Minister Narendra Modi on his visit to Japan. Has this something to do with the proposed revision in gas price formula ?
Saturday, August 30, 2014
SBI CAPS SECURITIES : Top 5 Techno-Funda picks
Company
|
CMP
|
Target
|
Stop Loss
|
Supreme Industries
|
590.0
|
625.0
|
572.0
|
Automotive Axel
|
643.5
|
680.0
|
625.0
|
Zydus Wellness
|
615.6
|
640.0
|
598.0
|
Atul Auto
|
701.2
|
738.0
|
681.0
|
Shalimar Paints
|
95.3
|
102.5
|
90.3
|
WHAT AILS OUR PRIMARY MARKET - GREED?
Stock markets on Friday closed at record high. If the secondary market is buoyant, primary market should witness flurry of IPOs. However the scenario is different. So far in 2014, the market has seen only 4 IPOs.
In 2010 the market witnessed 71 companies getting listed through an IPO. In 2011 it was down to 40. And in 2012 there were only 12 primary issues. 2013 was still worse. Only 5 companies got their shares listed.
The law of economics tells us that if the price is right, there would be demand for practically any scrip. It appears that the greed of the issuers got the better of their discretion and judgment. The lead managers to the issues also need to take the blame for poor professional judgment and advice whereby they could not persuade the issuers to price their issues realistically, leaving some thing for the investors too. Some issues get over subscription due to high premia in the grey market, which disappears, once the issue closes. The uninformed investors become victims of such market manipulations. Together, the issuers and the merchant bankers are responsible for the pathetic condition of primary market.
In 2010 the market witnessed 71 companies getting listed through an IPO. In 2011 it was down to 40. And in 2012 there were only 12 primary issues. 2013 was still worse. Only 5 companies got their shares listed.
The law of economics tells us that if the price is right, there would be demand for practically any scrip. It appears that the greed of the issuers got the better of their discretion and judgment. The lead managers to the issues also need to take the blame for poor professional judgment and advice whereby they could not persuade the issuers to price their issues realistically, leaving some thing for the investors too. Some issues get over subscription due to high premia in the grey market, which disappears, once the issue closes. The uninformed investors become victims of such market manipulations. Together, the issuers and the merchant bankers are responsible for the pathetic condition of primary market.
BRAZIL SLIPS INTO RECESSION
Brazil’s economy has slipped into recession for the first time in more than five years as investments contracted on lower business confidence. Gross domestic product shrank by 0.6% in the April-June period from the previous three months.
TESCO STOCK TUMBLES ON PROFIT WARNING
Tesco shares tumbled more than 8 percent in the early trade as the company has issued yet another profits warning, cutting both its dividend and capital expenditure.
PUBLIC DEBT @ RS 6 LAC CRORE
India’s public debt rose sharply to Rs 6 lakh crore in the April-June period 2014 from Rs 5,63,911 crore in the corresponding period last year.
UKRAINE EFFECT : ROUBLE AT 16 YEAR LOW, OIL PRICE RISES
The rouble fell to 37.03 per dollar, its worst valuation since the currency was restructured in 1998.
It also follows peace talks in Minsk between Ukrainian President Petro Poroshenko and Russian President Vladimir Putin in Minsk which has failed to move in the desired direction.
Friday, August 29, 2014
SHARDA CROP CHEM IPO OPENS ON 5TH SEPT
Sharda Corp IPO opens on 05-09 and closes 09-09-2014. The company has set the price band in the range of Rs 145-156.
ISSUE DETAILS
ISSUE DETAILS
NAME
|
SHARDA CROP CHEM LIMITED
|
PROMOTERS
|
Ramprakash V. Bubna, Sharda R. Bubna, Ashish R. Bubna and Manish R. Bubna
|
ISSUE SIZE
|
PUBLIC ISSUE OF 22,555,124 EQUITY SHARES OF FACE VALUE OF RS 10.
|
PRICE BAND
|
RS 145-156
|
BUSINESS
|
Marketing and distribution of
formulations and generic active ingredients
|
LISTING
|
BSE / NSE
|
BRLM
|
Edelweiss Financial Services and IDFC Capital
|
REGISTRAR
|
KARVY
|
AWAIT DETAILED ANALYSIS.
Thursday, August 28, 2014
RBI : QUARTERLY STATISTICS ON DEPOSITS AND CREDIT OF SCBs
RBI releases 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: March 2014' | |
|
FIIs net sell on F&O expiry day
FIIs have net sold for Rs 711 crores in cash market, where as DIIs have bought to the extent of Rs 730 crores in the same segment. NIFTY gained 18 and Sensex 78 points in today's trade.
SEBI IMPOSES PENALTY OF RS 10 LACS ON SOUTHERN FUEL LIMITED
SEBI has imposed a penalty of Rs 10 lacs on Southern Fuel Limited for violation of SAST Regulations.
M S OVERWEIGHT ON SKS MICRO
Morgan Stanley initiated coverage on the stock with an "overweight" rating and a target of Rs 385. FirstchoiceIPO reiterates that SKS Micro is a pure vanilla NBFC and like other NBFCs its fair value is around 12 PE.
SOLVE DNS ON FIRST CHOICE IPO
DNS Rating
A+
| firstchoiceipoanalysis.com DNS tests had 0 failed tests and 2 warnings.
|
CANARA BANK TO SPLIT FACE VALUE
The board of directors of Canara Bank has granted in-principle approval for the subdivision of one equity share of the bank having a face value of Rs. 10 each into five equity shares of face value of Rs. 2 each. Canara Bank shares closed at Rs 394, yesterday. Normally face values are split when the stocks are traded at very high price,which is beyond the reach of retail investors / traders.
CABLE CONNECTIONS TO MARANS CUT-OFF
The government has cancelled registrations of 17 multi-system operators, including Kalanithi Maran’s Kal Cables Pvt Ltd.
The registrations have been cancelled on August 20 due to denial of security clearance by Ministry of Home Affairs.
IBA : BCs TO GET RS 5000 P M
IBA says business correspondents who do the groundwork opening the bank accounts will get a monthly compensation of Rs 5000. This will give the financial inclusion drive under the ‘Pradhan Mantri Jan Dhan Yojana’ a fillip.
IPO NEWS : MONTE CARLO FASHIONS TO HIT STREET NEXT MONTH
Monte Carlo Fashions is likely to launch its IPO next month. The company will offer 54.33 lakh equity shares, including an Offer for Sale by promoters group and private equity, Samara Capital.
CCI ORDERS FURTHER PROBE ON SUN-RANBAXY DEAL
CCI has ordered a second-stage investigation into the merger of Sun Pharmaceutical and Ranbaxy Laboratories, citing the risk that the deal could harm “national interest” by resulting in significant market domination by the combined entity.
This is the first time the Competition Commission of India has decided on a second-stage inquiry, which follows a preliminary investigation of a deal, and raised such an objection.
This is the first time the Competition Commission of India has decided on a second-stage inquiry, which follows a preliminary investigation of a deal, and raised such an objection.
Wednesday, August 27, 2014
ALIBABA POSTS HIGHER PROFITS
Alibaba's second-quarter profit is at $2 bn compared $0.61 bn in the same period last year.
Alibaba is planning to list shares on the New York Stock Exchange later this year.
WEB SITE TARANTULA ON FIRST CHOICE IPO
FIRSTCHOICEIPOANALYSIS.COM
- 4.0 out of 5.0 stars by WebTarantula
TRAFFIC TREND
This website has an up traffic trend and its number of visitors is growing. It has climbed 57259 positions up from the last three months, which is about 12.66% increase.
SEO SCORE
79%
SNOWMAN IPO FULLY SUBSCRIBED
Snowman IPO has received 2.84 times subscription till today. Retail portion has been subscribed by over 12 times. The IPO closes tomorrow.
OPEN OFFER FOR R R CORPORATE SECURITIES
RV Buildtech & Amusement Private Limited is proposing to acquire 8,32,000 equity shares, representing 26% of the total paid-up equity share capital of R. R. Corporate Securities Limited.
SC DIRECTS DLF TO DEPOSIT PENALTY AMOUNT
DLF has been directed by the Supreme Court to deposit Rs 630 crore fine slapped on it by the Competition Commission of India for allegedly resorting to unfair business practices.
FORBES : TCS WORLD'S MOST INNOVATIVE COMPANY
Forbes has named TCS as "one of the World's Most Innovative Companies", and positioned it 57th as the highest-ranking global IT services provider on this year's top-100 list.
NIFTY : TOP GAINERS
Symbol | LTP | % chng | Volume |
INDUSINDBK JINDALSTEL HCLTECH ONGC ICICIBANK | 580.80 244.30 1,648.95 428.90 1,545.00 | 3.27 3.12 2.96 2.61 2.45 | 4,12,225 59,60,364 12,41,469 72,86,208 22,36,841 |
FAILED IPOs WITH HIGH IPO GRADE
IPOs which carry high grade are expected to do well in the exchanges after listing. The following list busts that myth.
COMPANY
|
IPO
DATE
|
IPO
GRADE
|
IPO
PRICE
|
CMP
|
UNITED
BANK OF INDIA
|
MAR
2010
|
4
|
66
|
47
|
IL&FS TRNS PORT
|
MAR
2010
|
4
|
258
|
208
|
SJVN
|
MAY
2010
|
4
|
26
|
24
|
HM
|
MAY
2010
|
4
|
166
|
158
|
SKS
MICRO
|
AUG
2010
|
4
|
985
|
276
|
ORIENT
GREEN POWER
|
OCT
2010
|
4
|
47
|
14
|
TECPRO
SYSTEMS
|
OCT
2010
|
4
|
355
|
16
|
ASOKA
BUILDCON
|
OCT
2010
|
4
|
324
|
128
|
OBEROI
REALTY
|
OCT
2010
|
4
|
260
|
238
|
MOIL
|
DEC
2010
|
5
|
325
|
290
|
A2Z
|
DEC
2010
|
4
|
400
|
26
|
PUNJAB
& SIND BANK
|
DEC
2010
|
4
|
120
|
55
|
MCX
|
APR
2012
|
5
|
1032
|
830
|
SPECIALITY
|
MAY
2012
|
4
|
150
|
133
|
MARKETS TO OPEN IN GREEN
Stock markets are expected to open in green, following global cues. Beaten down power and mining stocks will bounce back today. However, with just two trading sessions remaining for F&O expiry, unwinding of long positions and profit booking in some counters may drag benchmark indices to red by close.
USL's FY 14 RESULTS ON 03-09-2014
United Spirits will announce its FY14 results on 03-09-2014. The adjourned Board Meeting is being re-convened to consider the audited Financial results of the Company for the year ended March 31, 2014.
BSE ACCUSES NSE OF UNFAIR TRADE PRACTICE
Country's oldest stock exchange, BSE, has written a letter to SEBI alleging that rival NSE and its associate DotEx International were acting in an unfair manner by trying to block trade flow to BSE.
CMD POST IN PSU BANKS TO BE SPLIT
Government is considering the idea of bifurcation the post of Chairman and Managing Director in public sector banks to strengthen corporate governance following recent corruption cases.
ELECTROTHERM FACES CHEATING CHARGES
BSE listed Electrotherm has been accused of cheating Central Bank of India to the tune of Rs 430 crores. A case has been registered against company and its employees. Electrotherm reported a net loss of Rs 321 crore for FY14. The company has an equity of Rs 11.21 crores. The company shares were closed at Rs 21, yesterday.
Tuesday, August 26, 2014
SNOWMAN IPO : SUBSCRIPTION STATUS
Snowman IPO has received around 80% subscription on day one. The IPO in the price band of Rs 44-47, closes for subscription on 28-08-2014.
FIIs NET BUY FOR RS 365 CR
FIIs have net bought to the extent of Rs 365 crores in cash market, where as DIIs have net sold for Rs 259 crores in the same segment. Benchmark indices closed flat in today's trade. The same trend with negative bias will continue till expiry of F&O on 28-08-2014.
BSE NEWS : CHANGE IN CIRCUIT FILTER
BSE has revised the circuit filter for 25 stocks. The change is effective from 27-08-2014.
Sr. No.
|
Scrip Code
|
Scrip Name
|
Circuit Filter % Revised to
|
1
|
538579
|
Carewell Industries Ltd
|
20
|
2
|
505075
|
Setco Automotive Ltd
|
10
|
3
|
521161
|
Sri Lakshmi Saraswathi Textiles Arni Ltd
|
10
|
4
|
514332
|
Neo Infracon Ltd
|
10
|
5
|
533056
|
VEDAVAAG Systems Ltd
|
10
|
6
|
537326
|
Chemtech Industrial Valves Ltd
|
10
|
7
|
524019
|
Hydro S & S Industries Ltd
|
10
|
8
|
532774
|
Accel Frontline Ltd
|
5
|
9
|
538503
|
Marico Kaya Enterprises Ltd
|
5
|
10
|
533296
|
Future Market Networks Ltd
|
5
|
11
|
517496
|
Ricoh India Ltd
|
5
|
12
|
526139
|
Transgene Biotek Ltd
|
5
|
13
|
530173
|
Oscar Global Ltd
|
5
|
14
|
531364
|
Choice Infra Ventures Ltd
|
5
|
15
|
531866
|
Aagam Capital Ltd
|
5
|
16
|
532607
|
Ontrack Systems Ltd
|
5
|
17
|
532887
|
Sujana Towers Ltd
|
5
|
18
|
506170
|
Hiran Orgochem Ltd
|
5
|
19
|
506981
|
Bluechip Tex Industries Ltd
|
5
|
20
|
500238
|
Whirlpool of India Ltd
|
5
|
21
|
503831
|
Fomento Resorts & Hotels Ltd
|
5
|
22
|
524661
|
Welcure Drugs & Pharmaceuticals Ltd
|
2
|
23
|
512129
|
Jayant Mercantile Company Ltd
|
2
|
24
|
530803
|
Bhageria Dye Chem Ltd
|
2
|
25
|
531307
|
S R K Industries Ltd
|
2
|
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