Leading eye care hospital New Delhi Center For Sights will file papers with SEBI shortly.
Monday, November 30, 2015
IPO ANALYSIS: ALKEM LABORATORIES LIMITED - OVERPRICED 'PILL' - AVOID
ISSUE DETAILS:
ISSUE OPENS / CLOSES
ON
|
08-12 /10-12-2015
|
ISSUE SIZE
|
12,853,442 EQUITY SHARES
|
FACE VALUE
|
RS 2
|
ISSUE PRICE
|
RS 1020-1050
|
BUSINESS
|
Pharmaceutical company with global operations, engaged in
the development, manufacture and sale of pharmaceutical and nutraceutical
products.
|
PROMOTERS
|
MR. SAMPRADA SINGH, MR. BASUDEO N. SINGH
|
LISTINGS
|
BSE, NSE
|
BRLMs
|
NOMURA, AXIS CAPITAL,
JP MORGAN, EDELWEISS
|
REGISTRAR
|
LINK INTIME
|
IPO GRADE
|
NA
|
Alkem is the fifth largest pharmaceutical company in India by domestic sales.It derives the bulk of its revenues from the domestic market (around 75 per cent). The company also has a strong marketing and distribution network in India comprising of a field force of 5,856 medical representatives. Alkem Laboratories also has employed 483 scientists working on various drug products and substances in India and the USA.
Alkem competes with different companies depending on the market and type of products. Its main competitors in India include leading domestic players, such as Torrent Pharmaceuticals, Ipca Laboratories and Alembic, and leading global players that have penetrated the domestic market, such as GSK Pharma, Pfizer and Abbott, who offer branded generics.
EPS (consolidated)
March 31, 2015 38.7
March 31, 2014 36.4
March 31, 2013 32.1
Weighted Average# 36.8
At a price band of Rs 1,020-1,050, the offer is made around 40 plus PE on FY 17 earnings which is very expensive.
AVOID SUBSCRIPTION TO THE IPO.
CONGRESS MAY AGREE FOR MODIFIED GST
Congress halfway on the goods and services tax , the NDA government is weighing the option of accepting a revenue neutral rate of 18 per cent and announce it during the ongoing session of Parliament.
While the government and industry are in favour of a slightly higher rate of 20 per cent to 22 per cent for GST, the Congress has been demanding that the rate be kept at 18 per cent.
While the government and industry are in favour of a slightly higher rate of 20 per cent to 22 per cent for GST, the Congress has been demanding that the rate be kept at 18 per cent.
RAJESH EXPORTS GETS UAE ORDERS WORTH RS 1122
Leading jewellery manufacturer and exporter Rajesh Exports has received export orders worth Rs 1122 cr from UAE.
The stock has gained around 5% and trading at Rs 711 as of now.
The stock has gained around 5% and trading at Rs 711 as of now.
TODAY'S TIP FOR TRADING
BUY CALL
(AMOUNT IN RUPEES)
|
COMPANY
|
BUY AT
|
STOP LOSS
|
TARGET
|
|
AXIS BANK
|
471
|
462
|
485
|
|
|
|
|
|
|
L&T
|
465
|
453
|
488
|
|
HDFC BANK
|
1080
|
1066
|
1102
|
|
SUN PHARMA
|
737
|
725
|
758
|
|
|
|
|
|
|
DR. REDDY’S
|
3102
|
3081
|
3144
|
|
|
|
|
|
|
|
|
|
|
Saturday, November 28, 2015
DR REDDY'S LAB : USFDA EXTENDS TIME FRAME
Dr Reddy’s Laboratories says that USFDA has extended the time-frame for replying to the warning letter issued to the company by about two weeks to December 7.
Friday, November 27, 2015
COLA INDIA OFS : 5 MERCHANT BANKERS SELECTED
Government has shortlisted 5 five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, Axis Capital and Kotak Mahindra Capital for managing Coal India OFS.
Wednesday, November 25, 2015
BSE REVISES CIRCUIT FILTER FOR 17 STOCKS
BSE has revised the circuit filter for the following stocks:
1
|
500222
|
JCT Electronics Ltd
|
10
|
2
|
514302
|
Vippy Spinpro Ltd
|
10
|
3
|
526849
|
Banaras Beads Ltd
|
10
|
4
|
530135
|
Optiemus Infracom Ltd
|
10
|
5
|
531712
|
Trilogic Digital Media Ltd
|
10
|
6
|
532874
|
Suryachakra Power Corporation Ltd
|
10
|
7
|
539289
|
Majesco Ltd
|
10
|
8
|
532778
|
Lanco Infratech Ltd
|
10
|
9
|
515093
|
Madhav Marbles & Granites Ltd
|
10
|
10
|
534707
|
Anshu’s Clothing Ltd
|
5
|
11
|
532183
|
Gayatri Sugars Ltd
|
5
|
12
|
532342
|
Commex Technology Ltd
|
5
|
13
|
531146
|
Medicamen Biotech Ltd
|
5
|
14
|
531364
|
Aqua Pumps Infra Ventures Ltd
|
5
|
15
|
531598
|
Nimbus Foods Industries Ltd
|
5
|
16
|
514450
|
Mahalaxmi Rubtech Ltd
|
5
|
17
|
505324
|
Manugraph India Ltd
|
5
|
SKS MICRO TIES UP WITH IBM
SKS Microfinance has joined hands with IBM MobileFirst to enhance the use of technology in its operations and make processes paperless.
The partnership aims at reducing the time consumed in completing loan disbursal-related transactions and increasing staff productivity and customer acquisition.
The partnership aims at reducing the time consumed in completing loan disbursal-related transactions and increasing staff productivity and customer acquisition.
Tuesday, November 24, 2015
IIAS AGAINST MARUTI PLANT AT GUJARAT
IiAS has written an open letter to Maruti shareholders urging them to oppose the proposed holding structure for the Gujarat plant. Suzuki had proposed to open the manufacturing facility in Gujarat with an objective of supplying vehicle parts to its Indian subsidiary. In its open letter, IiAS has said that implications of such a deal would extend beyond the commercial arrangements and would shift the balance in favor of the parent company, Suzuki.
FORTHCOMING IPO: NAVIGANT CORPORATE ADVISORS LIMITED - AVOID
ISSUE DETAILS:
ISSUE SIZE
|
8,50,000 EQUITY SHARES
|
FACE VALUE
|
RS 10
|
ISSUE PRICE
|
RS 14
|
BUSINESS
|
FINANCIAL ADVISORY
SERVICES
|
PROMOTERS
|
SARTHAK VIJLANI
|
LISTINGS
|
BSE SME
|
BRLMs
|
FIRST
|
REGISTRAR
|
KARVY
|
IPO GRADE
|
Saturday, November 21, 2015
SEBI directs Suncity Infracon Corporation to refund money
SEBI has directed the Suncity Infracon Corporation (India) Limited to refund the money collected through redeemable preference shares to the investors.
SEBI has also barred the company and its directors from accessing primary market and dealing in any kind of securities.
SEBI has also barred the company and its directors from accessing primary market and dealing in any kind of securities.
BSE MOVES 3 STOCKS OUT OF 'Z' CATEGORY
BSE has moved the following 3 stocks from 'Z' category.
Sr. No.
|
Scrip code
|
Company name
|
Will be transferred to
|
1
|
531581
|
Alka Diamond Industries Limited
|
T
|
2
|
522233
|
VHCL Industries Ltd
|
B
|
3
|
502937
|
Kesoram Industries Ltd.
|
B
|
33 OUT OF 50 NIFTY STOCKS HAVE GIVEN NEGATIVE RETURN IN LAST THE ONE YEAR
In the last one year NIFTY has lost around 6%. Only 17 out of 50 NIFTY stocks have given positive return during the same period. They are - Bosch, HCLTech, HDFC, Yes Bank, HDFC Bank, Kotak Bank, Grasim, Lupin, Infy, HUL, BPCL,Ultratech, Zeel, Cipla, M&M, Wipro and Maruti.
Maruti is the top performer with 41% gain and Infy has given just 0.73 percent return.
Tata Steel, Cairn and Hindalco are the top losers, whose market cap has been eroded by 50% each.
Maruti is the top performer with 41% gain and Infy has given just 0.73 percent return.
Tata Steel, Cairn and Hindalco are the top losers, whose market cap has been eroded by 50% each.
Friday, November 20, 2015
SEBI BARS STELLAR DRUGS, PINKY CHEMICALS
SEBI has barred -- Stellar Drugs and Pinky Chemicals -- from the securities market until they resolve all pending investor grievances against them.
ADANI PORT, ASIAN PAINTS INCLUDED IN SENSEX
BSE has revamped the Sensex stocks. Metals and mining major Vedanta and Aditya Birla group flagship firm Hindalco Industries will shift out of the BSE benchmark Sensex from December 21.
These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.
These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.
HIGH LIGHTS OF THE 7TH PAY COMMISSION
Highlights of the 7th Pay Commission Report are as follows:
*23.55% hike in pay and allowances of govt employees.
*Pay will go up by 16%; increase in allowances will be 63%; increase in pension will be 24%.
*Minimum basic pay for central govt staff recommended at Rs 18,000; maximum pay Rs 2.25 lakh per month.
*Pay Commission recommends 3% annual increment and 24% hike in pension for central government staffers.
*FY17 impact seen at Rs 1.02 lakh crore from implementation of the 7th Pay Commission.
*One Rank One Pension recommended for central govt staffers as well as armed forces.
* Ceiling of gratuity enhanced from Rs 10 lakh to Rs 20 lakh; ceiling on gratuity to be raised by 25 per cent whenever DA rises by 50 per cent.
* Cabinet Secretary to get Rs 2.5 lakh as against Rs 90,000 per month pay band currently.
* Military Service Pay (MSP), which is a compensation for the various aspects of military service, will be admissible to the defence forces personnel only.
* MSP for service officers more than doubled to Rs 15,500 per month from Rs 6,000 currently; for nursing officers to Rs 10,800 from Rs 4,200; for JCO/ORs to Rs 5,200 from Rs 2,000 and for non-combatants to Rs 3,600 from Rs 1,000.
* Short service commissioned officers will be allowed to exit the armed forces at any point in time between 7 to 10 years of service.
* Commission recommends abolishing 52 allowances; another 36 allowances subsumed in existing allowances or in newly proposed allowances.
*Implementation of 7th Pay Commission to impact fiscal deficit by 0.65%.
*23.55% hike in pay and allowances of govt employees.
*Pay will go up by 16%; increase in allowances will be 63%; increase in pension will be 24%.
*Minimum basic pay for central govt staff recommended at Rs 18,000; maximum pay Rs 2.25 lakh per month.
*Pay Commission recommends 3% annual increment and 24% hike in pension for central government staffers.
*FY17 impact seen at Rs 1.02 lakh crore from implementation of the 7th Pay Commission.
*One Rank One Pension recommended for central govt staffers as well as armed forces.
* Ceiling of gratuity enhanced from Rs 10 lakh to Rs 20 lakh; ceiling on gratuity to be raised by 25 per cent whenever DA rises by 50 per cent.
* Cabinet Secretary to get Rs 2.5 lakh as against Rs 90,000 per month pay band currently.
* Military Service Pay (MSP), which is a compensation for the various aspects of military service, will be admissible to the defence forces personnel only.
* MSP for service officers more than doubled to Rs 15,500 per month from Rs 6,000 currently; for nursing officers to Rs 10,800 from Rs 4,200; for JCO/ORs to Rs 5,200 from Rs 2,000 and for non-combatants to Rs 3,600 from Rs 1,000.
* Short service commissioned officers will be allowed to exit the armed forces at any point in time between 7 to 10 years of service.
* Commission recommends abolishing 52 allowances; another 36 allowances subsumed in existing allowances or in newly proposed allowances.
*Implementation of 7th Pay Commission to impact fiscal deficit by 0.65%.
Thursday, November 19, 2015
GOVT TO SELL FURTHER 10% STAKE IN COAL INDIA
Govt has approved proposal to sell 10 percent equity stake in Coal India. The Government of India currently has 79.65 percent equity shareholding in the company while foreign institutional investors have 9.04 percent stake and domestic institutional investors 8.44 percent stake as of September 2015.
BSE TO CONDUCT MOCK TRADING ON 21-11-2015
BSE has scheduled a mock trading session for Equity Derivatives segment on Saturday, November 21, 2015, from 9.30 am to 1 pm.
Market participants may note that the mock trading is merely for the purpose of testing and familiarization and that the trades resulting from such mock trading will not attract any margin obligation or pay-in and pay-out obligation and will not create any rights and liabilities. Participants are requested to participate actively in the mock trading sessions.
Market participants may note that the mock trading is merely for the purpose of testing and familiarization and that the trades resulting from such mock trading will not attract any margin obligation or pay-in and pay-out obligation and will not create any rights and liabilities. Participants are requested to participate actively in the mock trading sessions.
RAMDEV's NOODLES FACES FSSAI's HEAT
The Food Safety and Standards Authority of India (FSSAI) has ordered action against the instant atta noodles launched by Patanjali Ayurved.
Patanjali has launched or is in the process of launching a new brand of noodles without obtaining approval for the same. FSSAI chairman Ashish Bahuguna says that Patanjali has approvals for other products, but not for instant noodles.
Patanjali has launched or is in the process of launching a new brand of noodles without obtaining approval for the same. FSSAI chairman Ashish Bahuguna says that Patanjali has approvals for other products, but not for instant noodles.
Wednesday, November 18, 2015
BANK FRAUDS TOO SHINE UNDER MODI GOVERNMENT
Since Narendra Modi’s government took charge, there has been a 100% increase in bank fraud (as per RBI data).
That is why the RBI has set up the fraud registry and the PMO is reviewing the fraud-detection system.
Over the year since Modi’s government took office, the amount involved in bank fraud rose from Rs 10,170 crore in the fiscal year 2013-14 to Rs 19,361 crore in 2014-15, i.e. nearly 100%.
That is why the RBI has set up the fraud registry and the PMO is reviewing the fraud-detection system.
Over the year since Modi’s government took office, the amount involved in bank fraud rose from Rs 10,170 crore in the fiscal year 2013-14 to Rs 19,361 crore in 2014-15, i.e. nearly 100%.
OLA DRIVES BEYOND BUSINESS
Business is not only about making money. Responding to adverse situation online taxi aggregator Ola has announced that it has deployed boats (FREE) in water logged and partially submerged areas in Chennai.
Such initiatives should have been first announced by state or Central government and not by private business enetreprise. Our governments should learn from Ola how to tackle adverse situations effectively.
The boats will also be used to provide food and drinking water in specific areas which are reportedly short of basic supplies. Both ferrying services and supplies will be offered free of cost to citizens.
Such initiatives should have been first announced by state or Central government and not by private business enetreprise. Our governments should learn from Ola how to tackle adverse situations effectively.
The boats will also be used to provide food and drinking water in specific areas which are reportedly short of basic supplies. Both ferrying services and supplies will be offered free of cost to citizens.
NOMURA IS BULLISH ON ICICI BANK, TARGET RS 350.
Nomura is very bullish on ICICI Bank. It says ICICI Bank which recently announced the sale of a 6% stake in its life insurance arm, could be potentially valued around Rs 33500 crore.
This comes on the back of a 9% stake sale in its general insurance arm valued at Rs 17,500 crore.
Both sales combined will provide ICICI bank with a one-time gain of Rs 3,000 crore. While the valuation of the life insurance business at 2x F15 EV was in line with expectations, the general insurance valuation was higher. Nomura expects the stock to touch Rs 350 in the near term.
This comes on the back of a 9% stake sale in its general insurance arm valued at Rs 17,500 crore.
Both sales combined will provide ICICI bank with a one-time gain of Rs 3,000 crore. While the valuation of the life insurance business at 2x F15 EV was in line with expectations, the general insurance valuation was higher. Nomura expects the stock to touch Rs 350 in the near term.
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