C. Mahendra Export, Shekhawati Poly Yarn IPOs Grey Market premium: Dec 30, 2010

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Company Name	Offer Price	Premium
	(Rs.)	(Rs.)
Shekhawati Poly Yarn	30	5 to 6
	(Fixed Price)
C. Mahendra Export	95 to 110	13 to 15

Shekhawati Poly Yarn (SPY) IPO oversubscribed by 10.4x

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Shekhawati Poly Yarn (SPY) IPO oversubscribed by 10.4x.. This number will come down to around 8x as there are lots of Stop cheques/ withdrawals

Final numbers includes for retail, HNI and QIB

Splits by HNI, QIB and retail will be updated soon

NSE and BSE will NOT display data as it is Fixed Price IPO and does not have a price band.

Mahindra & Mahindra: All set to reap the next harvest: Kotak Sec

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Mahindra & Mahindra (MM)
Automobiles
All set to reap the next harvest. Recent underperformance offers a good entry point
in our view given strong volume growth outlook, stable margins and cheap valuations
(trades at 11.8X PE on our FY2012E EPS excluding subsidiary value). Turnaround in lossmaking subsidiaries coupled with 12% earnings CAGR over FY2011-13E in parent
business could lead to re-rating of the stock, in our view. We reinitiate the stock with a
BUY rating and target price of Rs875 based on SOTP valuation.

FII & DII trading activity on NSE and BSE as on 30-Dec-2010

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FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 30-Dec-2010.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 30-Dec-2010 4665.76 2479.32 2186.44

Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 30-Dec-2010.

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 30-Dec-2010 1035.98 1884.27 -848.29

 

 

FII DERIVATIVES STATISTICS FOR 30-Dec-2010

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FII DERIVATIVES STATISTICS FOR 30-Dec-2010
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	144912	4421.30	128620	3914.74	416377	12703.04	506.56
INDEX OPTIONS	290760	8756.50	308327	9298.55	999220	30290.88	-542.05
STOCK FUTURES	202666	5487.86	191942	5240.93	1202428	33316.64	246.93
STOCK OPTIONS	7117	220.54	8088	248.22	3797	114.50	-27.68
						Total	183.76

 

BSE, Bulk deals, 30/12/2010

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Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
530513	Accurate Trans	PRADEEP KUMAR AGGARWAL	B	17773	109.56
530513	Accurate Trans	TARINI ENTERPRISES PRIVATE LIMITED	B	26589	110.11
530513	Accurate Trans	PRADEEP KUMAR AGGARWAL	S	17773	110.03
530513	Accurate Trans	TARINI ENTERPRISES PRIVATE LIMITED	S	18834	109.60
532975	Aishwarya Tele	RAJENDER BELIDE	B	150000	12.75
532975	Aishwarya Tele	NAVEEN BELIDE	B	150000	12.75

Aban Offshore: No change to justify recent underperformance: Kotak Sec

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Aban Offshore (Aban)
Energy
No change in operating conditions to justify recent underperformance. We
would advise investors to capitalize on the recent correction in Aban’s stock price as we
see the risk-reward balance favorable at the current juncture. We highlight that there
has been no change in the business conditions to justify the underperformance over the
past three months. We have upgraded Aban Offshore to BUY given 23% upside to our
revised DCF-based target price of `915. Key risks stem from debt-repayment capability.  

Banks/Financial Institutions: NHB follows RBI, tightens lending norms: Kotak Sec

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NHB follows RBI, tightens lending norms. NHB has revised guidelines on provisions,
risk weights and LTV ratio for housing finance companies (HFCs) following RBI’s recent
move to amend the same for banks. We find negligible direct impact for HDFC due to
the cushion of excess provisions; LICHF’s significant 5-year fixed rate portfolio will imply
6% downside risk to FY2011E PBT in case these loans are qualified as ‘teaser loans’. We
believe that a tighter regulatory regime will increase upward pressure on home loan
rates even as most companies have recently raised interest rates.

NSE, Bulk deals, 30-Dec-2010

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Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Wght. Avg.  Price
BEDMUTHA	Bedmutha Indust Ltd	ALFA FISCAL SERVICES PVT LTD	BUY	65,994	80.70
BEDMUTHA	Bedmutha Indust Ltd	ALFA FISCAL SERVICES PVT LTD	SELL	1,16,372	81.09
BEDMUTHA	Bedmutha Indust Ltd	TOUCHSTONE FINVEST SERVICES PRIVATE LIMITED	BUY	49,739	80.48
BEDMUTHA	Bedmutha Indust Ltd	TOUCHSTONE FINVEST SERVICES PRIVATE LIMITED	SELL	1,40,645	80.96
COREPROTEC	Core Projects and Technol	AHUJA VINA VIREN	BUY	5,45,000	328.35

C Mahendra Exports, IPO, Prospectus, Application Forms, ASBA, Rating: All you need to know

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C. MAHENDRA EXPORTS LIMITED
Symbol - Series	CMEL EQ
Issue Period	Dec 31, 2010 to Jan 06 2011
Post issue Modification Period	7-Jan-11
Issue Size	Public Issue of 15,000,000 Equity Shares Of Rs. 10 Each
Issue Type	100% Book Building
Price Range	Rs.95 to Rs.110
Tick Size	Re. 1/-
Market Lot	60 Equity Shares
Minimum Order Quantity	60 Equity Shares
Maximum Subscription Amount for Retail Investor	Rs.200000
IPO Market Timings	10.00 a.m. to 5.00 p.m.
IPO Grading	IPO Grade 2
Rating Agency	ICRA Limited
Book Running Lead Manager	YES Bank Limited,Anand Rathi Advisors Limited
Syndicate Member	YES Bank Limited,Anand Rathi Advisors Limited
Categories	FI,IC,MF,FII,OTH,CO,IND and NOH
No. of Cities with Bidding Centers	31
Name of the registrar	Link Intime India Private Limited
Address of the registrar	C 13, Pannalal Silk Mills Compound,LBS Marg, Bhandup (West),Mumbai 400 078
Contact person name number and Email id	Mr. Sachin Achar,Tel: +91 22 2596 0320, Fax: +91 22 2596 0329 E-Mail:cmel.ipo@linkintime.co.in
Prospectus	Click Here
Trading Member List	Click Here
Application Forms	Click Here
ASBA e-form link	e-Forms
IPO Grading	Click Here

Castrol- Tougher times ahead.: Kotak Sec

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Castrol India (CSTRL) 
Energy 
Tougher times ahead. We maintain our cautious view on Castrol stock despite the
recent underperformance as we see potential contraction of margins led by (1) rising
LOBS prices and (2) weakening rupee. We also see risk from lower lubes consumption
from a potential hike in diesel price. We retain SELL rating on the stock given that the
stock is trading at 18% above our 12-month target price of `390.

Siemens: Positive on margins, international opportunities; Kotak Sec

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Siemens (SIEM)
Industrials
Positive on margins, international opportunities; but industrials remains slow.
Key takeaways from analyst meet: (1) Provisions write-backs have not led margin
expansion in FY10 (net provision creation of Rs2 bn), (2) industrial inflows up 15% yoy;
not great given low base effect of FY09, (3) Flender goodwill write-off partially accounts
for difference in consol. and standalone results (Rs0.7 bn) and (4) potential prospects in
other geographies as parent may rope in Indian entity for cost competitiveness.

Clients ,NRI, Proprietary trading activity - 30/12/10

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(Rs. crore)	Clients
Trade Date	Buy	Sales	Net
30/12/10	2,382.88	2,396.42	-13.55
29/12/10	2,091.70	2,115.37	-23.67
28/12/10	1,856.65	1,885.54	-28.9
Dec , 10	52,006.71	51,938.23	68.48
Since 1/1/10	808,638.17	821,269.90	-12,631.73
(Rs. crore)	NRI
Trade Date	Buy	Sales	Net
30/12/10	1.07	0.93	0.14
29/12/10	0.55	1.96	-1.41
28/12/10	1.19	3.66	-2.47
Dec , 10	38.47	56.72	-18.25
Since 1/1/10	682.97	604.68	78.29
(Rs. crore)	Proprietary
Trade Date	Buy	Sales	Net
30/12/10	780.04	773.28	6.76
29/12/10	615.99	581.15	34.84
28/12/10	606.21	563.94	42.27
Dec , 10	17,645.16	17,414.05	231.11
Since 1/1/10	246,021.12	243,728.44	2,292.68