UFO Moviez IPO has been subscribed 2 times on the last day.
Thursday, April 30, 2015
VRL LOGISTICS LISTS AT 40% PREMIUM
IPO shares of VRL Logistics listed at Rs 288, 40% premium to the offer price of Rs 215.
FirstChoiceIPO had recommended to invest in this IPO for listing gains.
FirstChoiceIPO had recommended to invest in this IPO for listing gains.
TODAY'S QUOTE
Market should move on the underlying fundamentals and not on other factors. Otherwise markets will collapse like nine pins - FirstChoiceIPO.
SENSEX @1,00,000 IN 2020. WHAT KARVY HAS NOT FACTORED IN
(This article was first published on 05-06-2014)
KARVY Stock Brokings which has been recently barred by market regulator SEBI, from taking up new assignment or launching new schemes for six months in respect of its role as a stockbroker, has come out with a research report wherein it says that Sensex will touch 1,00,000 mark by 2020.
KARVY has 5 reasons why Sensex will touch that magic figure.
First: Macro-economic revival in India will open opportunities to make strong returns in the next few years.
Second: A real GDP growth of 6% along with Inflation of around 7% should lead to a nominal GDP growth of 13%.
Third: KARVY believes that earnings growth for new five to six year business cycle should be at least 20% considering the economy will revive from a very low base.
Fourth: If the infrastructure cycle revives quickly, the earnings growth revival will be faster with even 25% CAGR looking possible.
Fifth: An earnings growth between 20-25% and multiple re rating from 15x to 16-17x in the next few years can lead to a 25% compounding of Sensex returns, which will take it to 100,000 levels by calendar year (CY) 2020.
What KARVY has not factored in are:
1. Happening of a 'Black Swan' event - like the one occurred in 2008 which led to global melt down. A sub prime crisis. Prior to the global meltdown in 2008, Sensex was hovering around 22,000 and experts like KARVY then predicted that Sensex will touch 50,000 mark by 2014. Believing this theory millions of investors jumped in to the market. Then came the melt down. Equity markets across the world plummeted. Within few months Sensex came down to 8000 levels. Most investors lost money, some went bankrupt, few committed suicide. Brokerage houses down sized their operations. It took nearly 6 years for Sensex to come to the level of 2008. Between June 2008 and June 2014, in full 6 years, the Sensex has moved by just by 3000 points.
2. Mansoon failure - This will apart from deterrent to GDP will be a drag on some segments like FMCG, auto and banks.
3. Fluctuations in currencies of major economies which will hinder our import / export.
4. Regime change / change in the economic policies in countries where in India is a major trading partner. 2016 is a big year for world economy. U S will elect its new president. The incumbent may be not as friendly as the current one.
5. Slow down in world's major economies like U S, China and Japan will have an impact on India's growth story.
6. Terror strike similar to 29/11 which will make the world economy crawl.
7. Spurt in oil prices internationally, reasons other than production and supply. We import 80% of oil requirements. If oil prices in international markets raises unreasonably as it happened in 2008-09, where in one barrel had touched $ 150, our economy will go for a tailspin.
8. Nature's fury - floods, earthquake and tsunamis. Capital earmarked for development will be diverted towards rehabilitation, will impact growth.
9. Scams, fraud in stock market - similar to one committed by Harshad Mehta and Ketan Parekh. Investors will lose faith in the system, market. We shall be back to square one.
10. Failure of a big bank / financial institution, globally. Money will flow away from equity markets to commodity / other segments.
( KARVY made the above prediction in first week of June, 2014. The sensex was hovering around 25,500 at that time).
( KARVY made the above prediction in first week of June, 2014. The sensex was hovering around 25,500 at that time).
Sensex in the last 11 moths has moved by just 1400 points.
SENSEX LOSES MORE THAN 200 POINTS IN THE EARLY TRADE
Sensex, on the expiry day, has lost more than 200 points in the first 15 minutes. Except Axis Bank, ONGC and SBI, all other 27 Sensex stocks are in red as of now.
HDFC, Idea, HUL, Dr Reddy's and Bharti airtel have lost around 3% each.
HDFC, Idea, HUL, Dr Reddy's and Bharti airtel have lost around 3% each.
UFO MOVIEZ IPO CLOSES TODAY- AVOID
UFO Moviez IPO in the price band of Rs 615-625 closes for subscription today. The IPO so far has received 30% subscription. The valuation is very steep. The company is not professionally managed. RONW in the last 3 years is not impressive.
AVOID THE IPO.
AVOID THE IPO.
FIIs NET SELL FOR RS 718 CR
FIIs, ahead of F&O expiry have net sold for Rs 718 cr in cash market yesterday. On the other hand DIIs have net bought for Rs 912 cr in the same segment.
TODAY'S QUOTE
What men want is not talent, it is purpose; in other words, not the power to achieve it, but will to labor. I believe that labor judiciously and continuously applied becomes genius.
L&T WINS ORDERS WORTH RS 802 CR
L&T's power transmission division has won orders worth Rs 802 cr in the month of April 2015.
VETO SWITCH GEAR TO MIGRATE TO MAIN BOARD
Veto Switchgears and Cables Limited, has become the first company to migrate from the NSE EMERGE platform, to the main board of the National Stock exchange. NSE had recently given approval to the company to move to the main trading platform.
After fulfilling the criterion for the main trading platform of NSE, Veto switchgears and cables has moved from the Emerge platform to the NSE main trading platform.
The stock closed at Rs 78, up 7% in yesterday's trading.
After fulfilling the criterion for the main trading platform of NSE, Veto switchgears and cables has moved from the Emerge platform to the NSE main trading platform.
The stock closed at Rs 78, up 7% in yesterday's trading.
US Federal Reserve keeps rate unchanged.
US Federal Reserve has kept its target interest rate at a record low (at zero) at the end of a two-day policy meeting in Washington.
AXIS, CITI, JP MORGAN AND JEFFERIES TO MANAGE NARAYANA HEALTH IPO
Narayana Hospitals has appointed Jefferies, Citi, JP Morgan, Axis and IDFC Capital to manage its IPO.
The company intends to raise funds around Rs 1000 cr to fund its expansion programme.
The intended IPO will also give an exit route to the PE investors.
The company intends to raise funds around Rs 1000 cr to fund its expansion programme.
The intended IPO will also give an exit route to the PE investors.
Wednesday, April 29, 2015
AXIS BANK NET AT RS 2180 CR
Axis Bank has posted a net profit of Rs. 2180 cr for the quarter ended March 31, 2015 as compared to Rs. 1842 cr for the quarter ended March 31, 2014.
Total Income has increased from Rs. 10178 cr for the quarter ended March 31, 2014 to Rs. 12384 cr.
For the full year the Bank has posted a net profit of Rs. 7358 cr as compared to Rs. 6218 cr for the year ended March 31, 2014. Total Income has increased from Rs. 38046 cr for the year ended March 31, 2014 to Rs. 43843 cr for the year ended March 31, 2015.
IPO NEWS : PNC INFRATECH IPO OPENS ON 8-05-2015
PNC Infratech IPO will open on 08th of next month and close on 12-05-2015. The company has fixed the price band between Rs 355 to Rs 378.
DENA, OBC,BOM FINED
RBI has imposed Rs 1.5 crore penalty each on three banks-- Dena Bank, Oriental Bank of Commerce and Bank of Maharashtra-- for violation of Know Your Customer/Anti Money Laundering norms.
IPO LISTING NEWS : VRL TO LIST TOMORROW
VRL Logistics IPO shares will be listed on the exchanges on 30-04-2015.
UFO IPO GETS 30% SUBSCRIPTION ON DAY 2
UFO Moviez IPO has received 30% subscription till today. The IPO closes tomorrow. Domestic Institutions and mutual funds have not shown any interest so far. Even the retail response is also poor.
IiAS : MALLYA MUST STEP DOWN
IiAS says United Spirits non-executive chairman Vijay Mallya must resign as the PwC forensic audit report which alleges "various improprieties and legal violations" in the loans given by the company to UB group companies.
APPLE's CASH HOARDING AROUND $ 200 BILLIONS
Apple’s cash hoarding is around $200 billion, which is more than the market cap of IBM, AT&T, Coca-Cola, Walt Disney, Oracle, Bank of America, Citigroup and Merck (individually). Apple's market cap is at $ 773 billions. In rupee terms it is around 48,69,900 crores. Almost 10 times bigger than India's number 1 market cap company - TCS.
ARITEL's REVENUE, NET UP
Bharti Airtel has reported a consolidated net profit of ₹1,255 crore for the fourth quarter the latest, up 30 per cent as compared to ₹962 crore in the same period last year.
Increase in average revenue per user, expansion of customer base and more mobile data revenues have helped the company to achieve better numbers.
Bharti's total revenue grew by around 4 per cent to ₹23,016 crore during the quarter, against ₹22,219 crore in the January-March quarter of 2014.
The stock closed at Rs 400, up Rs 8 in yesterday's trading.
The stock has risen around 18 percent in the last one year, as against indices growth of 27 per cent.
Increase in average revenue per user, expansion of customer base and more mobile data revenues have helped the company to achieve better numbers.
Bharti's total revenue grew by around 4 per cent to ₹23,016 crore during the quarter, against ₹22,219 crore in the January-March quarter of 2014.
The stock closed at Rs 400, up Rs 8 in yesterday's trading.
The stock has risen around 18 percent in the last one year, as against indices growth of 27 per cent.
IPO BOUND COMPANIES ARE IN REVERSE GEAR
Three companies which have filed papers with the SEBI has withdrawn their applications. They are - MM Auto Industries, Videocon D2H Ltd and CL Educate Ltd.
TMC SWEEPS KMC POLLS
Mamata's TMC sweeped the state capital by winning in 114 KMC wards as against 95 in 2010, out of a total of 144.
WORLD BANK'S LATEST REPORT PEGS INDIA's GDP AT 7.5 PERCENT
World bank's latest report pegs India's GDP growth for FY 2015-16 at 6.5% as against 8.5% projected by Finance Ministry.
GDP growth is expected to accelerate to 7.5 per cent in 2015-16 reaching 8 per cent in 2017-18.
Acceleration in growth is conditional on the rate of investment picking up to 11 per cent during FY16 to FY18.
Further the report says that low crude oil prices, improved production capacity and the adoption of the flexible inflation targeting framework, would likely keep inflationary pressures in check, inflationary expectations anchored and help prevent overheating in the medium-term.
GDP growth is expected to accelerate to 7.5 per cent in 2015-16 reaching 8 per cent in 2017-18.
Acceleration in growth is conditional on the rate of investment picking up to 11 per cent during FY16 to FY18.
Further the report says that low crude oil prices, improved production capacity and the adoption of the flexible inflation targeting framework, would likely keep inflationary pressures in check, inflationary expectations anchored and help prevent overheating in the medium-term.
TWITTER's REVENUE UP 74%
Twitter has reported a revenue of $436m for the Jan -March quarter, up 74% year-on-year.
Its net loss stood at $162m, an increase from the same period a year ago when it lost $132.4m.
The stock lost around 20% and closed at $42.27, as the results were below analysts expectations.
Its net loss stood at $162m, an increase from the same period a year ago when it lost $132.4m.
The stock lost around 20% and closed at $42.27, as the results were below analysts expectations.
Tuesday, April 28, 2015
IPO SUBSCRIPTION NEWS : UFO MOVIEZ GETS 12% SUBSCRIPTION ON DAY 1
UFO Moviez IPO has received 12% subscription on first day.
UFO MOVIEZ ROPES IN ANCHOR INVESTORS
UFO Moviez has raised Rs 180 crore by allotting 2.88 million equity shares at Rs 625 per share to anchor investors.
The anchor investors list include :
1. Reliance Capital, Reliance Mutual Fund.
2. SBI Mutual Fund.
3. Pine bridge Global Funds.
4. Royal Bank of Scotland.
5. Jupiter South Asia Investment Company.
6. Amundi Funds.
7. Ashmore SIC.
8. Kotak Mutual Fund.
9. Bharti Axa Life Insurance Company.
The anchor investors list include :
1. Reliance Capital, Reliance Mutual Fund.
2. SBI Mutual Fund.
3. Pine bridge Global Funds.
4. Royal Bank of Scotland.
5. Jupiter South Asia Investment Company.
6. Amundi Funds.
7. Ashmore SIC.
8. Kotak Mutual Fund.
9. Bharti Axa Life Insurance Company.
BSE's LISTED COMPANIES MARKET CAP FALLS BELOW 100 TRILLION
BSE's listed companies market cap has fallen below 100 trillion mark. The benchmark index - Sensex has lost more than 3% in the last 30 days.
ICICI BANK's shares are up 3% in the opening trade
Despite not so good numbers by ICICI Bank for the March quarter, the stock has rallied 3% in the opening trade, today. The stock is trading around Rs 311, up Rs 8. NIFTY is also trading in greener zone.
CRISIL ASSIGNS 3/5 GRADE TO RAM RATNA WIRES LTD
CRISIL Research assigns fundamental grade 3/5 to Ram Ratna Wires Ltd.
Crisil's fair value of the stock is ₹59 per share. At the current market price of ₹47 per share.
Crisil's fair value of the stock is ₹59 per share. At the current market price of ₹47 per share.
NEWLY LISTED AD LAB, ORTEL TANKS 6% EACH
Recently listed IPOs - Adlab Entertainments and Ortel Communications have tanked 6% each with very thin volumes. Adlab closed at Rs 135 as against the IPO price of Rs 180 and Ortel closed at Rs 161 as against the issue price of Rs 181. Trading volumes were very thin. Adlab counter traded 1.4lacs shares, where as in Ortel just 3500 shares were traded.
FirstchoiceIPO had recommended to stay away from both the IPOs.
FirstchoiceIPO had recommended to stay away from both the IPOs.
TESLA TO INTRODUCE BATTERY STATIONS, BATTERY FOR HOMES.
Electric car major Tesla Motors plans to introduce battery stations.
This will make Tesla an official entry in the stationary storage business.
Tesla's CEO has tweeted last month about a new “major” product line. Tesla has been working on a battery for homes and businesses, for the past several months.
This will make Tesla an official entry in the stationary storage business.
Tesla's CEO has tweeted last month about a new “major” product line. Tesla has been working on a battery for homes and businesses, for the past several months.
UFO MOVIEZ IPO OPENS TODAY : AVOID
UFO Moviez IPO in the price band of Rs 615-625 opens for subscription today. The IPO has been very aggressively priced. Its fundamentals do not support such huge premium. Stay away from the IPO.
FINANCIALS:
(RS IN CRORES)
31-03-2014
|
31-03-2013
|
31-03-2012
| |
TOTAL REVENUE
|
270
|
215
|
147
|
NET PROFIT/ LOSS
|
35
|
25
|
8
|
EPS (Rs)
|
16.77
|
11.70
|
0.62
|
SHARE CAPITAL
|
25.89
|
25.89
|
25.89
|
RONW
|
10.94%
|
8.82%
|
0.41%
|
EPS for Nine month period ended December 31, 2014 is Rs 13.04
STRENGTHS:
1. Leading player in the digital cinema space in India.
2. Market leader in reach in the fast growing in-cinema advertising market in India.
3. Advanced end-to-end technology platform with high uptime levels.
4. Experienced management team with established track record.
MATTERS OF CONCERN:
1. Company lacks professionalism.
2. Delay in remittance of statutory dues.
3. Highly competitive, risky business.
4. Search and seizure by Income tax authorities on the group / promoters.
5. Threat of technological change.
VALUATION AND RECOMMENDATIONS
The offer is made at 30 plus PE, based on the FY 16 earnings which is very expensive for a not so professionally managed company. The company has very limited operational history. Margins and profitability has shown marked improvement in 2013 and 2014, as compared to previous years. These kinds of figures before the IPO are to be taken with a pinch of salt. The company's RONW in the last 3 years is not impressive.
AVOID THE IPO.
MAT HAS PUT THE MARKET 'ON MAT'
MAT controversy has put the stock market virtually on mat. The Nifty has fallen from 8800 level to 8200 level in the last 3-4 weeks and FIIs have net sold Rs 4,000 crore, in the same period. FIIs have net sold for Rs 1749 cr in yesterday's trading.
MARUTI SUZUKI POSTS ROBUST NET
Maruti Suzuki has posted a net profit of Rs 1284 cr an increase of 60% compared to previous quarter. Falling raw material prices, lower discounts on cars and favourable foreign exchange rates have helped the company to post good result.
Maruti's net income for the quarter rose 13% to Rs 13,625 crore. During the past quarter, Maruti sold 3,46,712 vehicles, 6.7% more from a year earlier and a record for any quarter.
The stock closed at Rs 3650, up 3% in yesterday's trading. The stock was the top gainer.
Maruti's net income for the quarter rose 13% to Rs 13,625 crore. During the past quarter, Maruti sold 3,46,712 vehicles, 6.7% more from a year earlier and a record for any quarter.
The stock closed at Rs 3650, up 3% in yesterday's trading. The stock was the top gainer.
MITSUI &CO TO INVEST IN NAAPTOL
Japanese company Mitsui &co will invest Rs 135 crores in Naaptol. Naaptol which owns and operates TV shopping and ecommerce platform Naaptol.com.
ICICI BANK POSTS MARGINAL INCREASE IN NET, NPA RAISES
ICICI Bank's net profit rose to Rs.2,922 crore in the three months ended 31 March as compared to Rs.2,652 crore in the year-earlier period.
Provisions for bad loans almost doubled to Rs.1,344 crore from Rs.714 crore a year ago and rose from Rs.980 crore in the quarter ended 31 December.
Net non-performing assets rose to 1.61% of net advances from 0.97% a year ago. Gross NPAs, which exclude provisions, rose to 3.78% of gross advances from 3.03% a year earlier.
The stock closed at Rs 302, down 2% in yesterday's trading.
Provisions for bad loans almost doubled to Rs.1,344 crore from Rs.714 crore a year ago and rose from Rs.980 crore in the quarter ended 31 December.
Net non-performing assets rose to 1.61% of net advances from 0.97% a year ago. Gross NPAs, which exclude provisions, rose to 3.78% of gross advances from 3.03% a year earlier.
The stock closed at Rs 302, down 2% in yesterday's trading.
APPLE POSTS BETTER EARNINGS IN Q1
Apple, the world's biggest technology company has posted per-share earnings of $2.33,in Jan-March quarter. Sales stood at $58 billion. Apple shares, have risen more than 20% this year / after split of shares.
CAPGEMINI TO ACQUIRE I-GATE
Consulting, technology and outsourcing major Capgemini, has announced the acquisition of New Jersey-based IGATE in a transaction worth around $4 billion.
Capgemini will offer $48 for every IGATE share as part of the definitive merger agreement, which marks a five per cent increase over IGATE stock’s Friday closing price of $45.85 on the Nasdaq.
Capgemini will offer $48 for every IGATE share as part of the definitive merger agreement, which marks a five per cent increase over IGATE stock’s Friday closing price of $45.85 on the Nasdaq.
Monday, April 27, 2015
VRL IPO SHARES TO LIST THIS WEEK
VRL IPO shares are expected to be listed on the exchanges this week, most probably on 30th. The IPO in the price band of Rs 195-205 received tremendous response, getting subscription to the extent of 74 times the shares offered. Shares are likely to list at a premium around Rs 60-65.
NIFTY : TOP GAINERS IN THE OPENING TRADE
| COMPANY | LTP | % chng | Volume |
| HINDALCO SSLT WIPRO SUNPHARMA TATAMOTORS | 132.70 207.20 528.45 956.30 520.55 | 1.18 1.12 1.00 0.94 0.84 | 23,508 8,564 9,372 96,407 20,215 |
TODAY'S PICK FOR TRADING
BUY CALL (AMOUNT IN RUPEES)
|
COMPANY
|
BUY AT
|
STOP LOSS
|
TARGET
|
|
SUN PHARMA
|
938
|
926
|
957
|
|
|
|
|
|
|
|
|
|
|
|
ITC
|
344
|
337
|
353
|
|
|
|
|
|
|
RIL
|
879
|
870
|
896
|
|
|
|
|
|
|
LUPIN
|
1755
|
1741
|
1789
|
|
|
|
|
|
RATAN TATA EYES STAKE IN XIAOMI
Ratan Tata is planning to acquire a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
The quantum and value of the stake not disclosed.
The quantum and value of the stake not disclosed.
Sunday, April 26, 2015
IPL Standings as on 25-04-2015
|
TEAM
|
P
|
W
|
L
|
NR
|
NRR
|
PTS
|
|
Chennai Super Kings
|
6
|
5
|
1
|
0
|
+1.609
|
10
|
|
Rajasthan Royals
|
7
|
5
|
2
|
0
|
+0.140
|
10
|
|
Kolkata Knight Riders
|
5
|
3
|
2
|
0
|
+0.310
|
6
|
|
Delhi Daredevils
|
6
|
3
|
3
|
0
|
-0.229
|
6
|
|
Sunrisers Hyderabad
|
6
|
2
|
4
|
0
|
-0.264
|
4
|
|
Royal Challengers Bangalore
|
5
|
2
|
3
|
0
|
-0.270
|
4
|
|
Mumbai Indians
|
7
|
2
|
5
|
0
|
-0.553
|
4
|
|
Kings XI Punjab
|
6
|
2
|
4
|
0
|
-1.112
|
4
|
|
P: Played W: Won
L: Lost NR:No Result NRR: Net Run Rate
Pts: Points
|
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