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Karur Vysya Bank appoints B Swaminathan as additional director

Written By Unknown on Kamis, 31 Januari 2013 | 14.02

Thu, Jan 31, 2013 at 12:17

Shri. B Swaminathan has been co-opted as an additional director of Karur Vysya Bank in the board meeting held on January 31, 2013.

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Karur Vysya Bank Ltd has informed BSE that Shri. B Swaminathan has been co-opted as an Additional Director of the Bank in the Board Meeting held on January 31, 2013.Source : BSE

Read all announcements in Karur Vysya


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14.02 | 0 komentar | Read More

Buy Crude Palm Oil on dips: Geojit Comtrade

Geojit Comtrade has come out with its report on Gur, Crude Palm Oil (CPO) and Refind Soy Oil. According to the research firm, one can buy Gur above Rs 1120, CPO on dips and refined Soy Oil above Rs 741.

CPO Feb MCX: CPO prices traded higher holding the support at 440.70 to close the day at 447.30 levels. Yesterday, prices penetrated the upper end of falling trend channel of 445 with streaming volume. For the day, if prices stays above the same could witness rallies towards 449.50 followed by 452/456 levels. On the other hand, any trades below 440 would negate the present buying momentum and take prices lower.

Pepper Feb NCDEX: Pepper prices skyrocketed after testing a low of 37845 and closed the session at 38800 levels. Currently, prices impending towards the key 39200 levels, which if cleared could extend the momentum towards 39470 followed by 39800 levels. However, in spite of the daily RSI being in an overbought condition, bullish momentum cannot be ruled out in near future. If unable to do so could see a corrective selling pressure.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



14.02 | 0 komentar | Read More

Accumulate Mphasis; target Rs 420: P Lilladher

Prabhudas Lilladher is bullish on Mphasis and has recommended accumulate rating on the stock with a target price of Rs 420 in its January 30, 2013 research report.

"Mphasis, due to shutdowns and reduced exposure from government contracts, Q1FY13 is likely to witness decline of ~2.5% QoQ in direct channel. Moreover, HPC channel will decline by ~3.5% QoQ due to shutdown. The operating margin is likely to be soft due to shutdowns and furloughs. Three reasons why we expect business momentum to improve: 1) HP business likely to stabilize after Q2FY13 decline of ~5% QoQ. The management expects stable revenue from HP in H2FY13. 2) Business momentum from Direct Channel likely to pick-up from Q2FY13 (expects ~2.5% QoQ growth). 3) Operating margin could improve by flattening the pyramid (0-3 years: ~18% in Applications).

Mphasis has identified five key accounts, wherein, they want to grow their wallet share. According to the management, the company is implementing recommendations given by BCG to gain increased revenue momentum. The management expects integration in mid- Feb as 90% approvals have been received from states (initially 46 states licenses). The business is likely to contribute revenue of US$150m/year (Paid: US$175m) with EBIT margin of 10%. However, the earn-out (US$27m) is linked to improvement of EBIT margin to 15% in 3 years. It will be EPS neutral in FY13.

The business seems likely to be troughed out in H1FY13. We expect momentum to get better in H2FY13. We upgrade Mphasis to 'Accumulate', with revised target price of Rs 420, 10x FY14 earnings estimate," says Prabhudas Lilladher research report.

Non-Institutions holding more than 90% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Motilal Oswal neutral on Biocon

Written By Unknown on Rabu, 30 Januari 2013 | 14.02

Motilal Oswal has maintained neutral rating on Biocon with a target of Rs 315 in its January 28, 2013 research report.
 
"Biocon (BIOS) posted better than expected results for 3QFY13. Revenue grew 22.6% YoY to INR6.34b (v/s our estimate of INR6.15b). EBITDA grew 11.2% YoY to INR1.41b (v/s our estimate of 2% YoY growth to INR1.3b). EBITDA margin declined 230bp YoY to 22.3% (v/s our estimate of 21.1%). PAT grew 8.2% YoY to INR917m, higher than our estimate of INR821m. Topline growth was led by 29% YoY growth in Biopharma to INR4.85b (v/s our estimate of INR4.62b) and 25% YoY growth in Contract Research revenue to INR1.4b (v/s our estimate of INR1.3b). However, licensing income declined 70% YoY to INR88m (v/s our estimate of INR362m). EBITDA was higher than our estimate mainly due to better than expected topline growth, and lower staff cost and other expenses."

"The decline in EBITDA margin was primarily due to absence of licensing income from Pfizer, increase in R&D costs and higher power cost. PAT growth was higher than our estimate due to higher other income and better than expected operational performance. It was lower than EBITDA growth due to significantly higher tax rate at 21.4% against 11.8% in 3QFY12 and our estimate of 20%."
 
"Given the high cost of developing biogeneric products, we believe cost pressures are likely to continue for FY13/14, impacting earnings and return ratios. Option values for the future include separate listing of CR business and a potential out-licensing of the oral Insulin NCE by BMS. The stock is currently valued at 14.4x FY14E and 12.8x FY15E earnings. Return ratios will remain subdued, with RoE and RoCE likely to be in the 13-14% range for FY13 and FY14. Maintain Neutral with a target price of INR315 (15x FY15E EPS)," says Motilal Oswal research report.

Shares held by Mutual Funds/UTI

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


14.02 | 0 komentar | Read More

Jain Irrigation may slip to Rs 62-63: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Jain Irrigation Systems may slip to Rs 62-63.

Sukhani told CNBC-TV18, "Yes. We have had a sell on Jain Irrigation Systems few days ago. This selling is relentless. It is now broken down from the support so perhaps a base building exercise is going on but it is no longer easy to be bullish on the stock. It is very choppy. One should take the trade on both sides. The chances are that Jain Irrigation's dip could easily come back to Rs 62-63, which is where rally started from."

At 12:27 hrs Jain Irrigation Systems was quoting at Rs 71.85, up Rs 0.15, or 0.21%.It has touched an intraday high of Rs 72.80 and an intraday low of Rs 71.10.It was trading with volumes of 230,934 shares.



14.02 | 0 komentar | Read More

Adani Ports can go upto Rs 156-160: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Adani Ports and Special Economic Zone can go upto Rs 156-160.

Sukhani told CNBC-TV18, "The picture looks attractive. The two big days that Adani Ports and Special Economic Zone has done on the upside, big range days suggests that the trend has changed, a mild correction is over and the first level of Rs 146-147, which is where it is now is likely to be crossed. Once that is done there is no resistance and a big thrust towards Rs 156-160 is possible."



14.02 | 0 komentar | Read More

RBI lowers current fiscal growth projection to 5.5%

Written By Unknown on Selasa, 29 Januari 2013 | 14.02

The Reserve Bank today trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated earlier and said it was necessary to arrest the decline in growth as inflation risks moderate.

"While the series of policy initiatives by the Government has boosted market sentiment, it will take some time to reverse the investment slowdown and reinvigorate growth. Accordingly, the baseline projection of GDP growth for 2012-13 is revised down from 5.8 per cent to 5.5 per cent," RBI said in its third quarter monetary policy review.

The growth estimate of 5.5 per cent is lower than 5.7 per cent projection by the government, which would be the lowest growth recorded in a decade.

RBI's rate cut will help investment: Ahluwalia
    
It had in October lowered the GDP forecast for the current fiscal to 5.8 per cent, from 6.5 per cent in July.
    
"The key to stimulating growth is a vigorous and sustained revival in investment," RBI said, adding that achieving this would require bridging the infrastructure gap, fast tracking project clearances and improving governance.
    
The RBI today lowered key policy rates and Cash Reserve Ratio (CRR) by 0.25 per cent, thereby releasing additional liquidity of Rs 18,000 crore into the system.
    
"It is critical now to arrest the loss of growth momentum without endangering external stability," it said.

Govt's reforms push will help return to high growth: RBI
    
The government has recently taken a host of reform initiatives, including liberalisation of FDI in some sectors like multi-brand retail, amending the Banking Regulations Act and partial deregulation of diesel prices.
    
Further, the RBI also lowered the March-end inflation projection to 6.8 per cent, from 7.5 per cent estimated earlier.
    
It, however, expected that inflation would remain range bound around current levels due to persistent food inflation and pass through of diesel price adjustments.
    
"This provides space, albeit limited, for monetary policy to give greater emphasis to growth risks," the RBI said.
    
December WPI inflation fell to 7.18 per cent, but was higher than the RBI's comfort level of 5-6 per cent.



14.02 | 0 komentar | Read More

Timeline: Changes to repo rate since June 2000

MUMBAI (Reuters) - The RBI reduced its policy interest rate by a widely expected 25 basis points on Tuesday, taking comfort from cooling inflation as it made the first cut in nine months to support an economy headed for its slowest growth in a decade.

The Reserve Bank of India cut its key repo rate to 7.75 percent, as forecast by a Reuters poll. Subsequently, the reverse repo rate fell to 6.75 percent.

(For main story -- RBI cuts repo rate, CRR by 25 basis points, click http://in.reuters.com/article/2013/01/29/india-rbi-policy-review-repo-rates-idINDEE90R0GI20130129)

The RBI unexpectedly also reduced the cash reserve ratio (CRR), the share of deposits banks must keep with the central bank, by 25 bps to 4.00 percent, which will infuse an additional 180 billion rupees into the banking system.

It left the minimum requirement for banks' government bond holdings at 23 percent of deposits.

Following is a timeline of changes to the repo rate since June 2000.

* RATE (percent) EFFECTIVE DATE (day-month-year)

7.75 29-01-2013

8.00 17-04-2012

8.50 25-10-2011

8.25 16-09-2011

8.00 26-07-2011

7.50 16-06-2011

7.25 03-05-2011

6.75 17-03-2011

6.50 25-01-2011

6.25 02-11-2010

6.00 16-09-2010

5.75 27-07-2010

5.50 02-07-2010

5.25 20-04-2010

5.00 19-03-2010

4.75 21-04-2009

5.00 04-03-2009

5.50 02-01-2009

6.50 08-12-2008

7.50 03-11-2008

8.00 20-10-2008

9.00 29-07-2008

8.50 24-06-2008

8.00 11-06-2008

7.75 30-03-2007

7.50 31-01-2007

7.25 30-10-2006

7.00 25-07-2006

6.75 08-06-2006

6.50 24-01-2006

6.25 26-10-2005

6.00 31-03-2004

7.00 19-03-2003

7.10 07-03-2003

7.50 12-11-2002

8.00 28-03-2002

8.50 07-06-2001

8.75 30-04-2001

9.00 09-03-2001

10.00 06-11-2000

10.25 13-10-2000

13.50 06-09-2000

15.00 30-08-2000

16.00 09-08-2000

10.00 21-07-2000

9.00 13-07-2000

12.25 28-06-2000

12.60 27-06-2000

13.05 23-06-2000

13.00 22-06-2000

13.50 21-06-2000

14.00 20-06-2000

13.50 19-06-2000

10.85 14-06-2000

9.55 13-06-2000

9.25 12-06-2000

9.05 09-06-2000

9.00 07-06-2000

9.05 05-06-2000

* Note: Prior to October 29, 2004, the repo rate was known as the reverse repo rate. For further details, please see central bank's website:www.rbi.org.in.

(Compiled by Shamik Paul)



14.02 | 0 komentar | Read More

Buy RM Seed on rally: Geojit Comtrade

Geojit Comtrade has come out with its report on Barley, Wheat and RM Seed. According to the research firm, one can sell Barley, RM Seed on pullbacks and buy Wheat on dips.

RM Seed Apr NCDEX: Prices tumbled down from a high of 3463 and closed the day at 3432 levels. With prices breaking the trend channel support of 3460, negative sentiments may continue towards 3419/3400 or even lower to 3360 levels for the day. On the other end, any trades above 3480 could keep the bulls active for short covering rallies.

Pepper Feb NCDEX: Pepper prices slipped lower from 38200 and closed the day at 37310. As long as prices stay above the 13 day EMA support of 37100, bullish outlook is likely to persist and could bring back short coveing rally to 37670 followed by 38000/38500 levels. An overbought condition in RSI could possibly set off the bullish momentum in the immediate run. Major weakness is seen only below 36000 levels with stiff volume.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Hold Oriental Bank; target Rs 376: Nirmal Bang

Written By Unknown on Senin, 28 Januari 2013 | 14.02

Nirmal Bang has maintained hold rating on Oriental Bank of Commerce (OBC) with a target price of Rs 376 in its January 25, 2013 research report.

"OBC's operating performance for Q3FY13 was slightly below estimates. Although Net interest income improved QoQ driven by lower cost of deposits; non-interest income declined sequentially due to lower recovery from written off accounts limiting the growth in core earnings. Higher provisions (+31.3% QoQ and 58.5% YoY) lead to 8% YoY decline in net profit at Rs 326.4 cr. The bank adopted a prudent approach and provided Rs 78 cr to account for the increased provisioning norms on restructured books from 2% to 2.75% in one shot and provided Rs 30 cr on employee wage revision.

The bank witnessed some stress on its asset quality with gross NPA witnessing an increase on sequential basis; after witnessing an improvement for last two quarters. However, the increase in slippages has been on expected lines. Going forward, with an expected improvement in the recovery efforts of the bank and control over fresh slippages (close to peaking out), Management expects Gross NPAs to show a declining trend. The Management has so far been successful in focusing on areas like retail lending, CASA accretion leading to higher NIMs, improving the asset quality of the bank with focus on recoveries.

We believe that all these efforts will yield results in the bank's performance with an improvement in the economic scenario. We still remain concerned about the expected restructuring (~Rs 2000-2200 cr) which will come in Q4FY13. Nevertheless considering the structural improvements taking place in the balance sheet, we expect the bank's profitability to grow at 16.0% CAGR over FY12-FY14E. At CMP, the stock is trading at 0.96x and 0.88x FY13E and FY14E Adj BVPS and 7.06x and 6.27x FY13E and FY14E EPS respectively. We recommend to HOLD the stock and BUY at dips with a target price of Rs 376 (1.0 FY14E BV) indicating potential upside of 13.9% from current levels," says Nirmal Bang research report.

Institutional holding more than 40% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Lanco may explore out of court settlement with Perdaman

Lanco Infratech is exploring out-of-court settlement with Australia-based Perdaman Chemicals and Fertilisers, reports CNBC-TV18 quoting sources. It is learnt that Lanco may seek to settle suit before July 2013.

Perdaman last year had filed a AUD 3.5 billion lawsuit against Lanco in Australia, alleging non-compliance with fuel supply pact by Griffin Coal for its upcoming urea plant in Western Australia. Lanco had acquired Griffin Coal for about AUD 730 million in 2011.

A syndicate of lenders led by ICICI Bank financed the acquisition.

Lanco Infratech jumped 2.2% at Rs 12.72 on the BSE.



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Things to keep in mind while making an investment

ABOUT THE EXPERT

Arnav Pandya

Financial advisor and Writer,

Arnav Pandya is a writer, consultant and investor. He is a Chartered Accountant and holds the Certified Financial Planner(CM) Certification. He is a MBA from IIM Bangalore and an Executive Scholar from the Kellogg School of Management USA.  His area of specialisation is personal finance with an experience of over 10 years in this field. His articles have appeared in leading publications in India and he is also a regular speaker at various seminars and events across the world. He can be reached at arnavpandya@hotmail.com

By Arnav Pandya

The cost of acquisition of an asset is an important factor in undertaking the overall capital gains calculation because of the fact that this will play a role in determining the extent of the total capital gains and consequently the taxes to be paid. In most cases the cost incurred for the purpose of the asset is the actual figure to be considered in the working however there are some situations wherein there is choice for the individual to take the fair market value as on April 1, 1981 as the cost of acquisition.

Here is a look at the situation and the details related to it in terms of its actual implementation.

Ownership before the date
One of the conditions wherein the individual will find that they have the choice of choosing the actual cost or the fair market value as on April 1, 1981 as the figure for their workings is when the asset was actually purchased before this date. So if an asset like say a property or a share was purchased in 1978 then the individual will have to decide as to whether they want to take the actual cost that they have incurred or they want to take the fair value of the asset on April 1, 1981.

This kind of situation will also be applicable if the asset became the property of the individual through a gift or a will or a partition of the Hindu Undivided Family then there is a need to look at the situation carefully. In such a case if the previous owner acquired the property before the April 1, 1981 date then the individual would once again need to choose between having the actual cost or the fair value figure fixed for April 1, 1981 as the relevant figure for their workings.

Optional choice:
An important point for the individual to understand is that in case of consideration of the figures that are relevant then the fair market value as on April 1, 1981 is to be considered. The manner of determining the fair market value for different assets has also been specified. This makes it clear as to which is the relevant figure and hence there is little confusion that will remain on the manner of working on this front. The other aspect is that there is no compulsion to take this figure into the working because this is an option that the individual can consider. If the individual finds that the actual cost is higher then they can choose that or if they find that the market value is beneficial to them then this could be their specific choice. This choice by its very nature means that is available only when the asset was acquired before April 1, 1981.

Not available:
There are also several conditions under which this manner of calculation would not be available and it is important for the individual to note these because they represent the restrictions that will be faced in using the condition. The first thing is that this is not available for depreciable assets and hence the individual has to be careful and ensure that if there is any depreciable asset including any fixed asset then they cannot use the beneficial working.

The other asset where this is not available is the transfer of a capital asset being goodwill of a business, trade mark/brand name associated with a business, right to manufacture, produce or process any article or thing, right to carry on business, tenancy rights, route permits or loom hours. These represent clear areas where the use of this provision is prohibited and hence this has to be noted and the individual should ensure that they stay away from using the details when these are involved.

The author can be contacted at arnavpandya@hotmail.com



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Real's Mourinho keeping his head down as he turns 50

Written By Unknown on Minggu, 27 Januari 2013 | 14.02

MADRID (Reuters) - Under-fire Real Madrid coach Jose Mourinho again chose not to speak to the media as he celebrated his 50th birthday on Saturday but he did receive a ringing endorsement from one of the squad's youngest players, Raphael Varane.

Coverage of the Spanish champions was dominated this week by a report in Marca sports daily that said club captains Iker Casillas and Sergio Ramos had threatened to leave along with several team mates unless Mourinho was dismissed.

Real president Florentino Perez said the newspaper was lying and trying to destabilise the club but Marca have stuck by their story, the latest in a string of reports suggesting all is not well between Mourinho and some of his leading players.

The combative Portuguese has drawn criticism this season with his side 15 points behind La Liga leaders Barcelona and they host their arch rivals on Wednesday in the first leg of their King's Cup semi-final.

Elimination followed by defeat to Manchester United in their Champions League last 16 tie would almost certainly end Real's hopes of silverware this season and increase the pressure on Perez to replace Mourinho, lured at great expense from Inter Milan in 2010.

Varane, Real's 19-year-old French centre back, was sent out instead of Mourinho on Saturday to give the news conference previewing Sunday's La Liga game at home to Getafe and said the coach had the players' full support.

"We are all behind the coach, who is the best in the world," Varane told reporters.

"The media are being tough on him but he is doing a good job and all this is not necessary."

Varane added that the squad had given Mourinho, who has barely spoken to reporters since the turn of the year, a signed photograph taken during the wild celebrations after they sealed the La Liga title by beating Athletic Bilbao last season.

Real have a number of injury problems ahead of the Getafe match and Wednesday's Cup game, with Casillas sidelined for up to three months with a broken hand and Varane's fellow centre back Pepe still recovering from ankle surgery.

"Losing Iker could destabilise the team but I don't think it will change all that much," Varane said.

(Reporting by Iain Rogers, editing by Tom Pilcher)



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Siemens seeks growth in Latin America, to keep investment pace

SANTIAGO (Reuters) - Siemens wants to grow in Latin America and intends to maintain its investment pace in the dynamically-growing region, the CEO for South America, excluding Brazil, told Reuters on Saturday.

The German conglomerate had said on Wednesday it would stick with its focus on cost cuts to catch up with peers such as General Electric as a weak global economy saps demand for factory equipment.

Daniel Fernandez said mining, energy and infrastructure are the most interesting sectors in export-dependent Latin America, which has significant metal wealth, growing power needs and growing cities.

"Latin America is a very interesting market ... today it's more interesting than ever," Fernandez said on the sidelines of the Community of Latin American and Caribbean States (CELAC) and European Union (EU) business summit.

"We want to continue growing strongly in Chile and the other Latin American countries. We've already been growing strongly and we're going to maintain this rhythm with which we'll better our local presence."

Fernandez declined to give details of the company's investment plans. He added Siemens is not interested in selling assets in Latin America.

The engineering group makes products ranging from fast trains and gas turbines to hearing aids.

EU leaders took their hunt for economic growth to Latin America this weekend as the bloc tries to emerge from three years of crisis.

(Reporting by Alexadra Ulmer; Editing by Vicki Allen)



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Poll shows 63 pct of French back gay marriage

The number of people who support the legalisation of same-sex marriage in France has risen despite major protests against the government's planned reforms earlier this month, a new poll by Ifop for news website Atlantico.fr showed.

The proportion of those surveyed supporting the change in the law rose to 63 percent from 60 percent in early January and December.

Support for adoption rights for gay couples also rose by 3 percentage points, although the country remains divided on the issue, with 49 percent in favour, according to the international marketing firm.

The French government underlined its determination to press ahead with a reform bill earlier this month even after roughly half a million people marched through Paris on January 13 to show their opposition to the proposal.

"We have observed that the proportion of people in favour of marriage and adoption has risen three points, compared with our previous survey, done before the large demonstration," said Ifop pollster Jerome Fourquet. "Support for the plan is increasing - particularly on the Left."

Thousands marched in the French city of Lyon on Saturday in support of "marriage for all" ahead of a similar demonstration planned in Paris on Sunday.

The latest Ifop poll was based on the views of 1,026 people aged 18 or over and was carried out between January 22 and 24, Ifop said.



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Buy LIC Housing, AB Nuvo, Raymond: Merani

Written By Unknown on Jumat, 25 Januari 2013 | 14.02

In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, Analyse India Market Solutions shares trading strategy of the day.

Buy LIC Housing Finance . The stock has made a lot of bottoms around Rs 270-275 creating a good support zone. On the longer term front it has broken out above Rs 280 a couple of times and has been consolidating. A longer term target price for the stock would be Rs 350. One can accumulate the stock at current levels with a target of Rs 295 in the day.

Short Opto Circuits . The stock has given a fresh breakdown below Rs 90-95 levels and the fall has been with very huge volumes. This indicates it could continue to slide lower. Given the fact that the stock has already broken down one can keep a stop loss at Rs 88 and target of Rs 80 for the day.

Buy Aditya Birla Nuvo . The stock was in a range of Rs 700 to Rs 1000 for the last two-three years. This has been broken out so every dip would be a buy with a medium term target price of Rs 1300 to Rs 1500. An intraday target price for the stock would be Rs 1180 and one can keep a stop loss of Rs 1100 for this stock.

Buy Raymond with a target of Rs 390 and stop loss at Rs 360.



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Sell HDIL, IVRCL; buy SKS Micro, Liberty Phos: SP Tulsian

In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.

Buy SKS Microfinance with a target of Rs 175 and stop loss of Rs 162. The company has posted robust Q3 numbers with operating profit of Rs 32 crore and bottom-line in blank which was indicated by the company management about six months back and this is likely to be seen quite positive by the market as a turnaround story and renewed buying is likely to emerge into the stock and hence a buy call.

Buy Liberty Phosphate with a target of Rs 223.50 and stop loss of Rs 211.

Short Housing Development Infrastructure Ltd (HDIL) January Futures with a target of Rs 66 and stop loss of Rs 74. In spite of a big fall in the share price of this company in last two-three days still the counter is looking weak because yesterday we have seen delivery based selling of about 3 crore shares and this kind of relentless selling is likely to continue from the institutional investors which can make the share price to correct further and hence a sell call.

Short IVRCL January Futures with a target of Rs 30 and stop loss of Rs 34. Same thing is witnessed here also. Yesterday we have seen delivery based selling of over one crore shares in last one hour from the institutional shareholders and this kind of selling is likely to continue in times to come because the institutional shareholding is quite high at 35 percent with promoter stake of less than 20 percent which is seen to be quite negative for the counter and hence a sell call.



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Are analysts bullish on LT after robust Q3 order growth?

Moneycontrol Bureau

Even as sluggish orders from power sector continue to worry Larsen & Toubro , its other business segments like hydrocarbons and urban infra will boost order book going ahead, the company's chief financial officer, R Shankar Raman told media yesterday.

In Q3, which is traditionally a lean quarter for engineering companies in terms of orders, L&T surpassed industry expectation by recording 14% jump in its order book to Rs 1950 crore,YoY on sharp rise in electrical and electronics segment and buildings and urban infra segments.

A major push came from engineering and construction segment which garnered fresh orders of Rs 17818 crore, around 16% up, YoY of which. Rs 3564 worth orders came from international projects.

Along with L&T management, brokerages too are confident of the company meeting its FY13 order book of around Rs 184,000 crore.

Here is what they have to say

Macquarie stated, since the company has already achieved  over 85% of its order targets, there should not be any problem for the it to get remaining orders in Q4, which is the strongest quarter in terms of procuring orders. "The firm needs anything between 0-15% growth to achieve in FY13 order size targets. The company has highlighted strong traction in domestic hydrocarbon segment as expected policy reforms will accelerate growth,"  stated the brokerage. Confident of the company's future growth targets, the firm has maintained outperform' on the stock with a target price of Rs 1584.

CLSA has also upgraded the stock to an 'outperform' with a raised target of Rs 1750 after L&T surprised the market on order book growth in Q3.

However, Jefferies has downgraded the stock from 'buy' to 'hold' with a target of Rs 1800 because it expects revenue growth slowing down due to sluggish execution of projects. The firm also does not see major uptick in margins from current levels. It further explains that despite the company's order book at Rs 60100 crore it is still down 75%, YoY

Morgan Stanley believes despite order book growth, capex is seen drying up due to scheduled elections in FY14. The industry including L&T will witness margin pressure due to intense competition. The firm has revised stock price target to Rs 1585 from Rs 1440 on the back of muted revenues and margins.



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Microsec Financial receives award in financial services category

Written By Unknown on Kamis, 24 Januari 2013 | 14.02

Microsec Financial Services Ltd has informed BSE that the Company has been awarded the "Plaque Shield" in Category IV: Financial Services Sector (Other than Banking and Insurance) by the Institute of Chartered Accountants of India as 'ICAI Awards for Excellence in Financial Reporting for the Financial Year 2011-12' at the award function held in Mumbai on January 23, 2013 at Jamshed Bhabha Auditorium, NCPA, Nariman Point, Mumbai.Source : BSE

Read all announcements in Microsec Fin


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Buy Sun TV, Zee Ent, Century Textiles, Godrej Ind: Merani

In CNBC-TV18's popular show Bull's Eye, Nooresh Merani, Analyse India Market Solutions shares trading strategy of the day.
 
Buy Sun TV . The stock remains a long-term favourite with an upside target of Rs 550 and any dips below Rs 420 is a buying opportunity in the stock. The stock has given a fresh breakout yesterday with strong volumes. Sustaining above Rs 445 gives us an intraday target price of Rs 454 and a short-term target price would be closer to Rs 480. One can accumulate the stock at current levels keeping a stop loss at Rs 430 with a view of two-three sessions.
 
Buy Zee Entertainment Enterprises with a target of Rs 245 and stop loss of Rs 230. Stock has broken out into new highs which indicate there is strong momentum. Also the long-term breakout gives us a target of Rs 350 in the next one year. One can accumulate the stock at current levels on any dips to Rs 230-235 with a target of Rs 245 in the short-term.
 
Buy Century Textiles . The stock gave a major breakout around Rs 400 levels two-three months back. Post that the stock has been testing the zone of Rs 400-410 quite a lot of times. We have lot of bottoms around Rs 405 and the stock recently came very close to it. So this is a good risk reward entry point with a target of Rs 425 in the day and a short to medium term target of Rs 460. One can keep a stop loss at Rs 405.
 
Buy Godrej Industries . The stock remains a long-term favourite post the breakout at Rs 280-300. Recently the stock has been making a range of Rs 305-310 on the lower side and somewhere closer to Rs 330 on the upside. At current levels it is at a good risk reward entry point keeping a stop loss at Rs 305 and a target of Rs 325 and a medium to long-term target of Rs 360-400.
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Go long on ITC, short on Hindustan Unilever, says Baliga

Thu, Jan 24, 2013 at 09:28

Independent analyst, Ambareesh Baliga advises going long on ITC and short on Hindustan Unilever (HUL).

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Go long on ITC, short on Hindustan Unilever, says Baliga

Independent analyst, Ambareesh Baliga advises going long on ITC and short on Hindustan Unilever (HUL).

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Go long on ITC, short on Hindustan Unilever, says Baliga

Independent analyst, Ambareesh Baliga advises going long on ITC and short on Hindustan Unilever (HUL).

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From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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Rajnath Singh elected BJP president

Written By Unknown on Rabu, 23 Januari 2013 | 14.02

By David Lalmalsawma

NEW DELHI (Reuters) - Rajnath Singh was on Wednesday elected as the president of the opposition Bharatiya Janata Party (BJP) after scandal-tainted incumbent Nitin Gadkari pulled out of the race.

Singh has been elected unopposed for a two-year term till 2015, a BJP spokesman announced at a televised press conference at the party's main office in New Delhi.

Singh, who was also party president between 2006 and 2009, was seen as a consensus candidate after media reports said some party leaders had raised objections to Gadkari, who is facing allegations of corruption.



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Ajanta Pharma Q3 profit up 76% to Rs 33 cr, shares soar 20%

Healthcare firm Ajanta Pharma reported excellent earnings on Wednesday with the net profit growing 76.2 percent year-on-year to Rs 32.6 crore in the third quarter of financial year 2012-13.

Net sales rose by 37.5 percent to Rs 225.7 crore from Rs 164.2 crore during the same period.

Shares were locked at 20 percent upper circuit at Rs 490.65 on Bombay Stock Exchange at 12:20 hours IST.

There were pending buy orders of 50,662 shares, with no sellers available. Trading volumes jumped quite significantly to 5,60,306 equity shares as against five day average of 34,726 shares.

Also Read
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HUL dips on poor Q3, new royalty pact; brokers cut rating
Multibaggers: 2 stocks that may give you 40-50% returns
Expert tips to play Ibulls Realty, Dish TV, HUL, Kotak Mahindra



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Accumulate Oberoi Realty; target of Rs 333: PLilladher

Prabhudas Lilladher is bullish on Oberoi Realty and has recommended accumulate rating on the stock with a target of Rs 333 in its January 21, 2013 research report.

"Oberoi Realty's, sales momentum, during the quarter, showed a further decline despite the festive season due to lack of new launches as well as inventory getting exhausted at its current projects. Sales in volume terms stood at 124K sq.ft, a sequential decline of 4.6% and in value terms stood at Rs2,164m, a QoQ decline of 2.5%. Though there were no price hikes, sale of flats on higher floors led to an increase in realizations. With 'Oberoi Exquisite' nearing completion, sales at the project witnessed an increase."

"Revenue recognition, during the quarter, was on track, with top-line at Rs2.8bn, 53% YoY growth and 11% QoQ growth. Margins stood steady at 59.7% and PAT stood at Rs1.3bn, 32% YoY growth and 8% QoQ growth. Revenues from 'Splendor Grande' which is now nearing completion are likely to be replaced with revenues from 'Oberoi Esquire' which is likely to cross the revenue threshold in the next couple of quarters."

"With 'Oberoi Commerz II', Phase I, nearing completion, although inquiries for office space have witnessed an increase, the company has not yet signed any lease there so far. On account of the large space available for lease, rentals are also witnessing pressure. The company's NAV stands at Rs109bn which translates to Rs333/share. We are not ascribing any premium/discount to arrive at the company's target price and hence, stand at Rs333. We maintain 'accumulate' on the stock with a target of Rs 333," says Prabhudas Lilladher research report."

Institutional holding more than 40% in Indian cos

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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Etihad may value Jet stake at $1.25bn: Sources

Written By Unknown on Selasa, 22 Januari 2013 | 14.02

Abu Dhabi-based Etihad Airways may have agreed on a valuation of USD 1.25 billion for an undisclosed stake in Jet Airways . CNBC-TV18's Kritika Saxena reports. Sources say the deal is likely to value at around Rs 6,700 crore at a 15-20 percent premium to Jet's current market cap.

The current market cap of Jet is at Rs 5,322 crore. Sources say Ethihad board may meet on Friday to finalise the deal structure. The final deal announcement is expected to be made on January 25 or by the first week of February.

If the deal goes through, it will be the first instance of a foreign airline buying a stake in an Indian carrier. In September, the Indian government changed investment rules to permit foreign airlines to own up to 49 percent in Indian carriers.

Sources say the deal may be a combination of warrants, preferential allotment of shares. The street expects the stake size to be around 24 percent. Naresh Goyal is likely to remain Jet promoter and chairman post the deal. Also, the management structure is likely to remain intact; Ethihad may get two board seats.

Sources say Jet may shift international base to Abu Dhabi to drive the synergy.

The stake sale would provide Jet much-needed cash to cut its USD 2 billion debt, as well as fund its loss-making budget subsidiary JetLite. It will also give the airline access to global routes currently operated by Etihad, in which it has a limited presence.

Meanwhile, Etihad is expected to benefit by getting a bigger foothold in India, a growing market.

Both the companies were unavailable for comment on the deal.

Also read:



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LT a best bet: Religare Capital Markets

Larsen and Toubro (L&T) is a best bet in the infrastructure space, says Gautam Trivedi of Religare Capital Markets.

Trivedi told CNBC-TV18, "L&T is one stock that has been left standing in the infra space. We know that the others are down anywhere from 70-90 percent, but I think this is a rock solid name and if investors out there are looking at playing the infra space, it is the best bet. In fact over the past few days we have actually seen fair amount of short covering and long build up in L&T as well."

The share touched its 52-week high Rs 1,719.50 and 52-week low Rs 1,185.00 on 29 October, 2012 and 04 June, 2012, respectively. Currently, it is trading 8.76% below its 52-week high and 32.4% above its 52-week low. Market capitalisation stands at Rs 96,475.41 crore.



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Need more reforms for oil gas to gain: Gandhi

According to Jayesh Gandhi, Executive Director at Morgan Stanley, the government needs to stay on course on measures that will lead stocks higher from current levels.

Gandhi told CNBC-TV18, "We have been monitoring oil &gas space very closely. These stocks were at very attractive levels in December, considering the fact that the market had moved 15-20 percent while most of these stocks were flat or had not provided any returns. Investors will like to see if there is a follow-through in policy action which has been promised."

"So while a 50 paise increase in diesel is welcome move, but the timeline for removing the entire subsidy burden is long. In my view a shorter timeframe was the need of an hour. Some initial positive reactions have taken place in stocks but we need the government to stay on course on measures to see meaningful gains in these stocks from current levels," Gandhi added.



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Euro Finmart board meeting on Jan 23, 2013

Written By Unknown on Senin, 21 Januari 2013 | 14.02

Mon, Jan 21, 2013 at 12:28

Euro Finmart board meeting will be held on January 23, 2013 to approve the swap ratio for the Amalgamation of Euro Finmart Limited with Alankit Assignments Limited on the basis of Valuation Report and the draft scheme of Amalgamation under section 391 to 394 of the Companies Act, 1956 between Euro Finmart Limited and Alankit Assignments Limited.

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Euro Finmart board meeting on Jan 23, 2013

Euro Finmart board meeting will be held on January 23, 2013 to approve the swap ratio for the Amalgamation of Euro Finmart Limited with Alankit Assignments Limited on the basis of Valuation Report and the draft scheme of Amalgamation under section 391 to 394 of the Companies Act, 1956 between Euro Finmart Limited and Alankit Assignments Limited.

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Euro Finmart board meeting on Jan 23, 2013

Euro Finmart board meeting will be held on January 23, 2013 to approve the swap ratio for the Amalgamation of Euro Finmart Limited with Alankit Assignments Limited on the basis of Valuation Report and the draft scheme of Amalgamation under section 391 to 394 of the Companies Act, 1956 between Euro Finmart Limited and Alankit Assignments Limited.

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Euro Finmart Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on January 23, 2013, inter alia, to approve and take on record the following businesses:1. The swap ratio for the Amalgamation of Euro Finmart Limited with Alankit Assignments Limited on the basis of Valuation Report.2. The draft scheme of Amalgamation under section 391 to 394 of the Companies Act, 1956 between Euro Finmart Limited and Alankit Assignments Limited.Source : BSE

Read all announcements in Euro Finmart

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The latest earning numbers FIRST on CNBC-TV18


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Dr Reddys Labs Q3 Results on Feb 14, 2013

Mon, Jan 21, 2013 at 12:28

The meeting of the Board of Directors of Dr Reddys Laboratories will be held on February 14, 2013 to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2012.

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Dr Reddys Labs Q3 Results on Feb 14, 2013

The meeting of the Board of Directors of Dr Reddys Laboratories will be held on February 14, 2013 to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2012.

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Dr Reddys Labs Q3 Results on Feb 14, 2013

The meeting of the Board of Directors of Dr Reddys Laboratories will be held on February 14, 2013 to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2012.

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Dr Reddys Laboratories Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 14, 2013, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2012.Source : BSE

Read all announcements in Dr Reddys Labs

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Tamilnadu Jai Bharath Mills appoints T. R. Dhinakaran as MD

Mon, Jan 21, 2013 at 12:28

Tamilnadu Jai Bharath Mills has informed that Resignation of Shri. D. Senthilkumar, Managing Director was accepted and Shri. T. R. Dhinakaran, Director was appointed as Managing Director. The Board desired to continue the services of Shri .D. Senthilkumar and appointed him as Executive Director with his consent at its meeting on January 18, 2013.

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Tamilnadu Jai Bharath Mills appoints T. R. Dhinakaran as MD

Tamilnadu Jai Bharath Mills has informed that Resignation of Shri. D. Senthilkumar, Managing Director was accepted and Shri. T. R. Dhinakaran, Director was appointed as Managing Director. The Board desired to continue the services of Shri .D. Senthilkumar and appointed him as Executive Director with his consent at its meeting on January 18, 2013.

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Tamilnadu Jai Bharath Mills appoints T. R. Dhinakaran as MD

Tamilnadu Jai Bharath Mills has informed that Resignation of Shri. D. Senthilkumar, Managing Director was accepted and Shri. T. R. Dhinakaran, Director was appointed as Managing Director. The Board desired to continue the services of Shri .D. Senthilkumar and appointed him as Executive Director with his consent at its meeting on January 18, 2013.

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Tamilnadu Jai Bharath Mills Ltd has informed BSE that Resignation of Shri. D. Senthilkumar, Managing Director was accepted and Shri. T. R. Dhinakaran, Director was appointed as Managing Director. The Board desired to continue the services of Shri .D. Senthilkumar and appointed him as Executive Director with his consent at its meeting on January 18, 2013.Source : BSE

Read all announcements in Tamil JaiBharat

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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IAF orders probe into attack on its helicopter

Written By Unknown on Minggu, 20 Januari 2013 | 14.02

New Delhi, Jan 19 (PTI) The Indian Air Force has ordered a probe into the yesterday's incident in which its helicopter came under attack by suspected naxalites in the interiors of Chhattisgarh's Sukma district. One CRPF personnel was injured and the helicopter was damaged in the firing. A team of technicians has been sent by the IAF to the spot to get back the Mi-17 chopper, which suffered 15 hits in the firing and suffered "extensive damage" in its hydraulic oil and fuel tank, an IAF spokesperson said. The chopper was attacked after it took off from Jagdalpur to rescue two CRPF personnel and was forced to land in general area of Chintal Gufa and Temalwada in Dantewada district. On reports that IAF personnel from its security force Garud had left behind the chopper and the injured CRPF personal unguarded, the spokesperson said the injured jawan was immobile due to his injuries and the security team took a decision in the interest of the security of the chopper and the crew. The IAF in a release issued late in the evening said, "An enquiry has been ordered into the incident." The force claimed that after landing, the "complete crew then assessed the threat situation and condition of the injured CRPF jawan and decided to seek immediate medical help for him and also to secure the helicopter." It said after the crew reached the CRPF Camp at Chintalgufa, it informed them of the exact location which was then communicated to the search party (CRPF Cobra Team) helping them reach the location. The CRPF Cobra Team thereafter reached the spot and secured the helicopter. The IAF has maintained that the trooper injured in the attack on its aircraft belonged to the CRPF but yesterday Chhattisgarh Police Chief Ramniwas had said that the injured person belonged to the state armed police force CAF. PTI AJD SHS


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Vizag TDP leader quits

Visakhapatnam, Jan 19 (PTI) Senior TDP leader and politburo member Chintakayala Ayyannapathrudu today resigned from the party accusing it of violating fundamental guidelines in suspension of a district leader. "While a person was facing allegations, it was the duty of the party to issue a show cause notice and initiate action only if it is not satisfied with the explanation. But, in the case of Peela Srinivas the party suspended him without consulting the politburo member from the district. I decided to quit the position the party offered along with the active membership. I would like to continue as a volunteer hereafter", Ayyannapathrudu told reporters tonight. He was referring to suspension of Peela Srinivas Rao today following a clash between his supporters and those of senior leader Bandaru Satyanarayana Murthy on Friday in connection with NTR's death anniversary Rao was recently made organisational secretary while Vasupalli Ganesh Kumar as Urban president. PTI CORR NSK


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Youth arrested for making hoax calls to airlines

Mumbai, Jan 19 (PTI) The Mumbai police today arrested a 19-year old youth who used to make hoax calls to airline companies seeking release of the now executed 26/11 Mumbai terror attack convict Mohammed Ajmal Kasab. "We have arrested one Vikas Yadav who used to call offices of the airliners and threatened to blow up their planes if Kasab was not released," Deputy Commissioner of Police (Crime) Ambadas Pote said. He said that Yadav's calls would result in extensive checking and delayed flights. "A team was sent to Bihar and Gujarat and we later zeroed his location at Vapi in Gujarat," said Pote adding six mobile phones and five sim cards were seized from his possession. Yadav, a fifth standard drop out, was booked under the stringent Suppression of Unlawful Act against Safety of Civil Aviation, Information Technology Act and Indian Penal Code. Incidentally, a trial is pending against Yadav and his father for allegedly making a phone call, posing as underworld fugitive Dawood Ibrahim and threatening to blow off Rajdhani Express. PTI VI ABC RCJ SDM


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Sandesh fixes record date for buy-back of shares

Written By Unknown on Sabtu, 19 Januari 2013 | 14.02

Sat, Jan 19, 2013 at 12:10

Sandesh has informed regarding with respect to offer for Buyback of up to 9.60k equity shares of FV of Rs 10 each. The Buyback committee in its meeting held on Jan 16, 2013 has fixed the record date on Feb 01, 2013 for the purpose of determining the entitlement and the names of the Shareholders, who are eligible to participate in the buyback.

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Sandesh fixes record date for buy-back of shares

Sandesh has informed regarding with respect to offer for Buyback of up to 9.60k equity shares of FV of Rs 10 each. The Buyback committee in its meeting held on Jan 16, 2013 has fixed the record date on Feb 01, 2013 for the purpose of determining the entitlement and the names of the Shareholders, who are eligible to participate in the buyback.

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Sandesh fixes record date for buy-back of shares

Sandesh has informed regarding with respect to offer for Buyback of up to 9.60k equity shares of FV of Rs 10 each. The Buyback committee in its meeting held on Jan 16, 2013 has fixed the record date on Feb 01, 2013 for the purpose of determining the entitlement and the names of the Shareholders, who are eligible to participate in the buyback.

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Sandesh Ltd has informed BSE regarding with respect to Offer for Buyback of up to 9,60,000 Fully Paid Up Equity Shares of Face value Rs.10/- each at a price of Rs. 302/- per fully paid up equity shares for cash by The Sandesh Ltd (the 'Company') through tender offer process (the 'Buyback'), the Company further wish to inform that the Buyback Committee in its meeting held on January 16, 2013 has fixed the Record Date on February 01, 2013 for the purpose of determining the entitlement and the names of the Shareholders, who are eligible to participate in the Buyback.Source : BSE

Read all announcements in Sandesh

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Hold Bajaj Auto: Ventura

Ventura has recommended hold rating on Bajaj Auto in its January 17, 2013 research report.
 
"Bajaj Auto management expects the volume growth to remain subdued over the coming months for the industry as a whole. However, the company is expected to gain market share (~32% in Q3FY13) primarily led by the success of Discover 125 ST and pan India launch of Discover 100T. However volume growth will be dependent on export performance which is experiencing slow growth. A slight moderation in input costs can aid operating margin in FY13 and FY14. At CMP of Rs 2,052, the stock is trading at 18.7x and 15.8x its estimated earnings for FY13 and FY14 and we recommend a HOLD on the stock."
 
"Bajaj Auto Ltd's (BAL) net sales grew by 9.7% YoY to Rs 5,307.2 crore on the back of volume growth (+4.9% YoY) and marginal price hikes. The motorcycle volumes (domestic+ export) grew by 4% YoY to 986,263 units and three wheeler volumes rose by 10% YoY to 141,478 units. EBITDA margins declined by 100 bps YoY (18.7% v/s 19.7%), however it witnessed a growth of 30 bps (18.4% in Q2FY13) on QoQ basis. Operating profits rose by 2.8% YoY and stood at Rs 1,011.8 crore. PAT stood at Rs 818.7 crore as compared to Rs 795.2 crore in Q3FY13 (+3% YoY; +10.5% QoQ). On the international front, the company has witnessed flat to negative growth in all the markets except South Africa (12% growth in 9MFY13). However, the management is confident of attaining at least 10% volume growth in the export market. The company expects 15-18% volume growth in exports (in next 4-5 years) driven by leveraging Kawasaki association to further penetrate South East Asian markets (Indonesia followed by other markets in FY15), entering untapped markets like Brazil and leveraging KTM association."
 
"The launch of the RE60 quadri-cycle can be expected by Q2FY14. In case the approvals for the domestic market are still not in place, the company will start with exports to Sri Lanka. New launch and product upgrade pipeline for FY14 and FY15 remain strong, although the management did not disclose its details. Initial response to the newly launched Discover 100T has been good and the management expects pan-India rollout by February-end. Cash and equivalents stood at Rs 5370 crore v/s Rs 4520 crore in Q2FY13 and there are no immediate plans of deploying cash," says Ventura research report.

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Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Murray overcomes practice partner Berankis

MELBOURNE (Reuters) - Andy Murray, berating himself for playing "nonsense" tennis in the second set, overcame pesky practice partner Ricardas Berankis on Saturday to advance to the fourth round of the Australian Open.

The third-seeded Briton struggled to break down the stubborn 22-year-old and grew frustrated with himself throughout the match, sporadically breaking into outbursts of anger between games before he ran out a 6-3 6-4 7-5 victor.

Murray and Berankis have practiced together several times in Australia over the past two years and the Lithuanian qualifier exploited that knowledge to change his pace, shots and angles to effect Murray's timing.

U.S. Open champion Murray, who sealed the two hour, 12 minute victory when Berankis's service return smashed into the net, will now meet either 14th-seed Gilles Simon or Gael Monfils in the last 16. The French duo clash later on Saturday. (Reporting by Greg Stutchbury; Editing by Patrick Johnston)



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Steel Secretary woos investors in Singapore

Written By Unknown on Jumat, 18 Januari 2013 | 14.02

Steel Secretary D R S Chaudhary has projected the potential of Indian steel industry before Singapore investors, including state-owned Temasek Group and GICS, saying the Indian steel sector has grown by 5 per cent last year against 1.2-1.4 per cent posted by global industry.

"There is a very vibrant investment community sitting in Singapore," he said after addressing an investor forum in which he gave an update on the steel industry in India. Faced with fund crunch for their expansion plans, Indian
steel makers are on a three-day visit to Singapore. The delegation, led by Chaudhary, comprises representatives of both public and private sector firms, have held a series of meetings with Singapore-based investors.

Indian demand for steel less affected than Europe: CARE

On stake sale in SAIL , he said the Finance Ministry is expected to decide on a date soon on divesting 10 per cent in SAIL, he said.

"It (disinvestment) will happen soon...and as such we have to keep the potential investors up to date on the industry," he said.

"We have a plan to divest SAIL in the short-term. So, it is necessary to engage the investing community, try to ensure that they have a holistic picture of the steel sector, rather than reading from the media," he said.

Wooing investors, including state-owned Temasek Group and Government Investment Corporation of Singaproe (GICS), he said the Indian steel sector has grown by 5 per cent last year compared 1.2-1.4 per cent recored by the global industry. "So it is important to talk to them (investors) directly to be able to understand what their concerns are and be able to address those concerns," he added.

Chaudhary said a the steel industry investment promotion delegation would also visit investors in Hong Kong, and major investment centres in Europe and the US at later dates.



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Sell Cocud below Rs 1350: Geojit Comtrade

Geojit Comtrade has come out with its report on Cocud, CPO and Kapas. According to the research firm, one can sell Cocud below Rs 1350, Kapas on pullbacks and CPO obove Rs 443.

Cocud Feb NCDEX: Prices broke the key support of 1367 and traded lower to settle the previous session at 1355 levels. Immediate support is seen at 1350, if broken; expect further downside correction towards 1336 followed by 1320 levels for the day. Volumes are gaining momentum, signifying strong selling pressure for the coming sessions. On the flipside, abrupt rise above 1390 could dent our bearish expectations.

Pepper Feb NCDEX: Pepper prices slipped down from a high of 37205 and later closed the day at 36875 levels. A rigid support is seen at 36440, which could bring back an upside momentum in the counter towards 37300/37800 levels in the immediate run. Slipping past below 36400 could extend the present profit booking till 35900 levels for the day. Meanwhile, major weakness is seen only below 35600.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


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Sell safe havens, buy risky commodities: Motilal Oswal

Gold has witnessed a fairly soft start today. On China economy and US housing data, the risky assets will be biggest beneficiaries while safe havens may lose a bit of sheen, says Kishore Narne, Motilal Oswal Commodity Broker. Factoring in the rupee strength, Narne advises to sell gold at Rs 30,800-30,850 per 10 gms with stop loss of Rs 36,950 for a target of Rs 30,600.

According to him, the trick will be to sell safe havens and buy risky assets or commodities.

Expect further rise in Gold, Silver prices: Nirmal Bang



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Essar Oil's independent director passes away

Written By Unknown on Kamis, 17 Januari 2013 | 14.02

Thu, Jan 17, 2013 at 12:24

Essar Oil has informed about the untimely demise of the Independent Director, Mr. K V Krishnamurthy on January 16, 2013.

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Essar Oil Ltd has informed BSE about the untimely demise of the Independent Director, Mr. K V Krishnamurthy on January 16, 2013.Source : BSE

Read all announcements in Essar Oil


To read the full report click here

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Sabero Organics consolidated Dec '12 sales at Rs 124.00 crore

Thu, Jan 17, 2013 at 12:25

Sabero Organics Gujarat has reported a sales turnover of Rs 124.00 crore and a net profit of Rs 2.03 crore for the quarter ended Dec '12

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Sabero Organics consolidated Dec '12 sales at Rs 124.00 crore

Sabero Organics Gujarat has reported a sales turnover of Rs 124.00 crore and a net profit of Rs 2.03 crore for the quarter ended Dec '12

Like this story, share it with millions of investors on M3

Sabero Organics consolidated Dec '12 sales at Rs 124.00 crore

Sabero Organics Gujarat has reported a sales turnover of Rs 124.00 crore and a net profit of Rs 2.03 crore for the quarter ended Dec '12

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Sabero Organics Gujarat has reported a consolidated sales turnover of Rs 124.00 crore and a net profit of Rs 2.03 crore for the quarter ended Dec '12. Other income for the quarter was Rs 0.11 crore.
For the quarter ended Dec 2011 the consolidated sales turnover was Rs 91.65 crore and net loss was Rs 21.53 crore., and other income Rs 0.02 crore.
Sabero Organics shares closed at 119.05 on January 16, 2013 (NSE) and has given -9.64% returns over the last 6 months and 89.12% over the last 12 months.
Sabero Organics Gujarat
Consolidated Quarterly Results -------- in Rs. Cr. --------
Dec '12 Sep '12 Jun '12
Sales Turnover 124.00 141.46 124.98
Other Income 0.11 0.22 0.52
Total Income 124.11 141.68 125.50
Total Expenses 111.49 127.90 114.54
Operating Profit 12.51 13.56 10.44
Profit On Sale Of Assets -- -- --
Profit On Sale Of Investments -- -- --
Gain/Loss On Foreign Exchange -- -- --
VRS Adjustment -- -- --
Other Extraordinary Income/Expenses -- -- --
Total Extraordinary Income/Expenses -- -- --
Tax On Extraordinary Items -- -- --
Net Extra Ordinary Income/Expenses -- -- --
Gross Profit 12.62 13.78 10.96
Interest 7.82 5.26 10.09
PBDT 4.80 8.52 0.87
Depreciation 2.77 2.76 2.77
Depreciation On Revaluation Of Assets -- -- --
PBT 2.03 5.76 -1.90
Tax -- 1.74 --
Net Profit 2.03 4.02 -1.90
Prior Years Income/Expenses -- -- --
Depreciation for Previous Years Written Back/ Provided -- -- --
Dividend -- -- --
Dividend Tax -- -- --
Dividend (%) -- -- --
Earnings Per Share 0.60 1.19 --
Book Value -- -- --
Equity 33.86 33.86 33.86
Reserves -- -- --
Face Value 10.00 10.00 10.00
Source : Dion Global Solutions Limited

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

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ATV Projects standalone Dec '12 sales at Rs 8.65 crore

Thu, Jan 17, 2013 at 12:27

ATV Projects India has reported a sales standalone turnover of Rs 8.65 crore and a net profit of Rs 0.11 crore for the quarter ended Dec '12

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ATV Projects standalone Dec '12 sales at Rs 8.65 crore

ATV Projects India has reported a sales standalone turnover of Rs 8.65 crore and a net profit of Rs 0.11 crore for the quarter ended Dec '12

Like this story, share it with millions of investors on M3

ATV Projects standalone Dec '12 sales at Rs 8.65 crore

ATV Projects India has reported a sales standalone turnover of Rs 8.65 crore and a net profit of Rs 0.11 crore for the quarter ended Dec '12

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ATV Projects India has reported a standalone sales turnover of Rs 8.65 crore and a net profit of Rs 0.11 crore for the quarter ended Dec '12. Other income for the quarter was Rs 0.30 crore.
For the quarter ended Dec 2011 the standalone sales turnover was Rs 9.93 crore and net profit was Rs 0.34 crore., and other income Rs 0.55 crore.
ATV Projects shares closed at 2.15 on January 16, 2013 (BSE) and has given -3.15% returns over the last 6 months and 17.49% over the last 12 months.
ATV Projects India
Standalone Quarterly Results -------- in Rs. Cr. --------
Dec '12 Sep '12 Jun '12
Sales Turnover 8.65 15.35 2.63
Other Income 0.30 0.34 0.35
Total Income 8.95 15.69 2.99
Total Expenses 8.57 15.23 2.62
Operating Profit 0.08 0.12 0.01
Profit On Sale Of Assets -- -- --
Profit On Sale Of Investments -- -- --
Gain/Loss On Foreign Exchange -- -- --
VRS Adjustment -- -- --
Other Extraordinary Income/Expenses -- -- --
Total Extraordinary Income/Expenses -- -- --
Tax On Extraordinary Items -- -- --
Net Extra Ordinary Income/Expenses -- -- --
Gross Profit 0.38 0.46 0.36
Interest -- -- --
PBDT 0.38 0.46 0.37
Depreciation 0.27 0.28 0.30
Depreciation On Revaluation Of Assets -- -- --
PBT 0.11 0.18 0.07
Tax -- -- --
Net Profit 0.11 0.18 0.07
Prior Years Income/Expenses -- -- --
Depreciation for Previous Years Written Back/ Provided -- -- --
Dividend -- -- --
Dividend Tax -- -- --
Dividend (%) -- -- --
Earnings Per Share 0.02 0.03 0.01
Book Value -- -- --
Equity 52.56 52.56 52.56
Reserves -- -- --
Face Value 10.00 10.00 10.00
Source : Dion Global Solutions Limited

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18


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Orient Refractories up 9% on promoters' stake sale

Written By Unknown on Rabu, 16 Januari 2013 | 14.02

Orient Refractories rallied as much as 9 percent to touch an intraday high of Rs 40 on Wednesday after the promoters have decided to sell stake in the company.

Orient Abrasives, SG Rajgarhia along with other promoters of Orient Refractories have entered into a share purchase agreement on Tuesday with Dutch US Holding B.V. Netherlands (an entity wholly owned by RHI AG, Austria) for sale of 5.24 crore equity shares (43.62 percent stake) at Rs 43 a share (which is 17 percent premium to Tuesday's closing value), the company said in its release. The stake valued at more than Rs 225 crore.

Refractories and monolithics manufacturer said Dutch US Holding has submitted to BSE a copy of open offer for acquisition of up to 3,12,36,192 equity shares, representing 26% stake, at a price of Rs 43 per share, which is valued at more than Rs 134 crore.

Shares gained 6.27 percent to Rs 39 at 12:04 hours IST on Bombay Stock Exchange. Trading volumes increased quite significantly to 8,18,443 shares as against five day average of 83,429 shares.

Market capitalisation of the company currently stands at Rs 468.54 crore.

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USDINR may go upto 55-55.15: Fortune Financial

Fortune Financial Services has come out with its report on USDINR. According to the research firm, NSE USDINR Fut tested the support level of 54.47 and then bounced back. Dollar is likely to trade positively today, if see dollar strengthen overnight. Then look for target of 55 odd levels and above that at 55.15 levels.

The rupee weakened on Tuesday, hurt by dollar demand from oil firms and companies, but demand for the local currency from custodian banks prevented a sharper slide. The rupee had opened close to a two-week high against the greenback, supported by some custodian inflows and rise in other Asian currencies. The dollar was weak against the Asian currencies on improved risk appetite after US Federal Reserve Chairman Ben Bernanke Monday said the central bank would make every effort to stay on course with its monetary easing measures.

The partially convertible rupee closed at 54.6150/6250 per dollar versus its previous close of 54.4950/5050. However, onshore forward premiums rose after the central bank said it would start a special window to provide exporters dollar credit. RBI's decision on Monday to open a special window to provide exporters with dollar credit could have been done in anticipation of dollar shortages, especially starting in late February when the United States is expected to hit its debt ceiling limit.

NSE USDINR Fut tested the support level of 54.47 and then bounced back. Dollar is likely to trade positively today if we see dollar strengthen overnight. Then look for target of 55.00 odd levels and above that at 55.15 levels. Otherwise retest of support is seen at 54.45 and eventual breakdown. Below this next support is seen at 54.30 and 54.05 levels.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


14.02 | 0 komentar | Read More

Nishikori happy to carry Asia's grand slam hopes

By Ian Ransom

MELBOURNE (Reuters) - Asia's failure to produce a male grand slam singles champion is a wrong that needs to be righted, according to Kei Nishikori, and the Japanese trailblazer has made it his mission to be first to clinch a major trophy for the continent.

The slender 23-year-old has a history of breaking new ground, his electrifying quarter-final run at last year's Australian Open making him the first Japanese man in the last eight at Melbourne Park in 80 years.

The top 10 beckons this year for the 18th-ranked Nishikori but grand slam success is a long-term plan that hinges on staying injury-free and bulking up physically to match the muscle-men who dominate the pinnacle of tennis.

"For sure, it's important for an Asian man to win a grand slam. I hope I'm the one to make it," Nishikori told Reuters in an interview on Wednesday.

"My height is no longer growing, but my muscle is still growing.

"I still want to be a little bit bigger. Hopefully in a few years. They say in Asia, the body gets perfect about 25 or 26.

"(Tennis) is more of a power game right now so you need to have good muscle and be strong."

At 5-ft-10in (1.78 metres) with a wiry frame, Nishikori lacks the height and physique of most of his opponents, and has relied on guile, speed and shot-making to propel himself into the top 20.

All of those qualities were on display in his second round match with 68th-ranked Carlos Berlocq, as he repelled the Argentine journeyman's baseline rockets and counter-punched his way to a 7-6 6-4 6-1 victory.

Since announcing himself as a teenager with a maiden ATP title at Delray Beach in 2008, Nishikori has been blighted by injuries in his budding career, stoking fears his true potential may never be realised.

He withdrew with a knee injury when trailing by a set against Andy Murray in the semi-finals of the Brisbane International in the leadup and has carried the complaint into Melbourne Park.

His knee was still taped against Berlocq and he strode gingerly off the court, but after taking an ice-bath Nishikori said he wasn't losing sleep over it.

"It's getting better and there's almost no pain. I just put tape there just in case," he said. "Everything is working well for me here."

DATE-KRUMM INSPIRATION

It's been smooth sailing for Japan in general at Melbourne Park, where all six entrants in both the men and women's draws advanced to the second round, spear-headed by record-breaking Kimiko Date-Krumm's astonishing 6-2 6-0 upset over 12th-seeded Russian Nadia Petrova.

The 42-year-old's victory made her the oldest woman to win a match at the Australian Open and was an inspiration to the younger Japanese players, Nishikori said.

"Her spirit is unbelievable ... I don't want to talk about age, but she doesn't look like 40," he added.

"She's more like a sister (to me). She gives me good advice. She was in the top five so it's good to have someone like her to talk to."

Nishikori is one of only two Asian men in the top 50, and daylight separates him from the next best-ranked Denis Istomin of Uzbekistan (50).

He continued his steady rise with his second ATP title at the Japan Open in October, further burnishing his reputation in his home country.

His success has attracted a devoted set of Japanese cheer-leaders at Melbourne Park, with pom-pom-shaking fans chanting his name at matches and mobbing him court-side.

Nishikori's exit from Showcourt Three on Wednesday caused some panic among the phalanx of security guards who strained to hold back more than 100 well-wishers pressing in from all sides.

The pressure of being Japan's number one player and Asia's major grand slam hope is a burden Nishikori is happy to shoulder, and he politely answers myriad questions from some 20 Japanese reporters at his post-match media conference.

"It's good to feel the attention, you get more fun out of life," Nishikori shrugged with a smile.

"I'm very proud of what I'm doing now. Hopefully I can do well and I hope tennis can get bigger in Japan and Asia. That's my goal."

(Editing by Amlan Chakraborty)



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