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06 January 2011
Morgan Stanley: India Strategy - A Slow Grind Up: 2011 Outlook
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Anand Rathi Top Picks for 2011
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Anand Rathi Top Picks for 2011 Large Caps
Anand Rathi Top Picks for 2011 Mid Caps
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Anand Rathi Top Picks for 2011 Large Caps
- Axis Bank
- HDIL
- ICICI Bank
- Mphasis
- Tech Mahindra
- United Phosphorous
Anand Rathi Top Picks for 2011 Mid Caps
- Anant Raj Industries
- Blue Star
- CRISIL
- FAG Bearings
- Finolex Cables
- Greenply Industries
- Jammu & Kashmir Bank
- Surya Roshni
- TAJGVK
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anand rathi
Grey Market Premium IPO- Shekhawati, C. Mahendra, Midvalley entertainment Jan 6 2011
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Company Name | Offer Price | Premium |
(Rs.) | (Rs.) | |
Shekhawati Poly Yarn | 30 (Fixed) | 0.5 to 1 |
C. Mahendra Export | 95 to 110 | 2 to 3 |
Midvalley entertainment | 64 to 70 | 4 to 5 |
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Siemens: Limited potential for upside to estimates; valuations expensive:: Kotak Securities
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Siemens (SIEM)
Industrials
Limited potential for upside to estimates; valuations expensive. Retain REDUCE as
high valuations appear unjustifiable given volatile business and limited potential for
upside to estimates. FY2010 margin expansion aided by mobility segment profitability
(likely to sustain) and high power T&D margins (unlikely to sustain -return to normalized
levels already seen in 4Q). Industrials remain weak—growth primarily led by low base.
Annual report highlights strong cash generation, lower project business revenue share.
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Siemens (SIEM)
Industrials
Limited potential for upside to estimates; valuations expensive. Retain REDUCE as
high valuations appear unjustifiable given volatile business and limited potential for
upside to estimates. FY2010 margin expansion aided by mobility segment profitability
(likely to sustain) and high power T&D margins (unlikely to sustain -return to normalized
levels already seen in 4Q). Industrials remain weak—growth primarily led by low base.
Annual report highlights strong cash generation, lower project business revenue share.
Gujarat Apollo: Management Meet Highlights: Kotak Securities
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GUJARAT APOLLO LIMITED (GAL)
PRICE: RS.174
RECOMMENDATION: BUY
TARGET PRICE: RS.270
FY12E P/E: 6.8X
q NHAI has been sluggish in awarding fresh road projects vis-à-vis last
year. Pick up in NHAI and government spending is likely to spill over to
FY12. However, broader outlook for company's revenue growth remains
positive in medium to long term.
q Company is likely to report slippage in sales from FY11 to FY12 on account of elongated monsoon season this year and current slowdown in
NHAI activity for awarding new projects.
q Recently, from second half of third quarter, company has been observing
pick up in enquiries and orders from its key clients.
q We believe that the company would maintain its dominant position in
the domestic market. However we tweak our earning estimates downward to account for possible earning slippage and slight margin contraction due to increasing input prices.
q We remain positive on the road equipment sector as well as on the company and recommend 'BUY' with a one year DCF based price target of
Rs.270 (290 earlier).
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GUJARAT APOLLO LIMITED (GAL)
PRICE: RS.174
RECOMMENDATION: BUY
TARGET PRICE: RS.270
FY12E P/E: 6.8X
q NHAI has been sluggish in awarding fresh road projects vis-à-vis last
year. Pick up in NHAI and government spending is likely to spill over to
FY12. However, broader outlook for company's revenue growth remains
positive in medium to long term.
q Company is likely to report slippage in sales from FY11 to FY12 on account of elongated monsoon season this year and current slowdown in
NHAI activity for awarding new projects.
q Recently, from second half of third quarter, company has been observing
pick up in enquiries and orders from its key clients.
q We believe that the company would maintain its dominant position in
the domestic market. However we tweak our earning estimates downward to account for possible earning slippage and slight margin contraction due to increasing input prices.
q We remain positive on the road equipment sector as well as on the company and recommend 'BUY' with a one year DCF based price target of
Rs.270 (290 earlier).
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Kotak Securities: Corporate,Economy & Business News: Jan 6, 2011
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Economy News
4 Despite the volatility in global crude oil prices, the Government is trying
to prevent further increase in diesel, and cooking gasretail prices. The
Petroleum Minister, Mr Murli Deora, on Wednesday said that his Ministry
is not in favour of raising prices of these petroleum products. "We are
trying to see that there is no further price increase," the Minister told
reporters here adding that "If crude oil prices increase then something
has to be done, but we are doing our best to see that essential
commodity prices don't increase." (BL)
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Economy News
4 Despite the volatility in global crude oil prices, the Government is trying
to prevent further increase in diesel, and cooking gasretail prices. The
Petroleum Minister, Mr Murli Deora, on Wednesday said that his Ministry
is not in favour of raising prices of these petroleum products. "We are
trying to see that there is no further price increase," the Minister told
reporters here adding that "If crude oil prices increase then something
has to be done, but we are doing our best to see that essential
commodity prices don't increase." (BL)
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Kotak Sec
FII & DII trading activity on NSE and BSE as on 06-Jan-2011
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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 06-Jan-2011. | ||||||||||||||||
|
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 06-Jan-2011. | ||||||||||||||||
|
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trading activity
FII DERIVATIVES STATISTICS FOR 06-Jan-2011
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FII DERIVATIVES STATISTICS FOR 06-Jan-2011 | |||||||
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 | 52512 | 1593.47 | 48180 | 1462.85 | 415472 | 12511.17 | 130.62 |
INDEX OPTIONS | 147442 | 4401.78 | 129286 | 3911.15 | 1275536 | 38382.67 | 490.63 |
STOCK FUTURES | 44237 | 1311.01 | 61484 | 1744.84 | 1262264 | 34745.94 | -433.84 |
STOCK OPTIONS | 11124 | 352.06 | 11868 | 374.42 | 13796 | 423.24 | -22.36 |
Total | 165.05 |
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FII
FII DERIVATIVES STATISTICS FOR 06-Jan-2011
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FII DERIVATIVES STATISTICS FOR 06-Jan-2011 | |||||||
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 | 52512 | 1593.47 | 48180 | 1462.85 | 415472 | 12511.17 | 130.62 |
INDEX OPTIONS | 147442 | 4401.78 | 129286 | 3911.15 | 1275536 | 38382.67 | 490.63 |
STOCK FUTURES | 44237 | 1311.01 | 61484 | 1744.84 | 1262264 | 34745.94 | -433.84 |
STOCK OPTIONS | 11124 | 352.06 | 11868 | 374.42 | 13796 | 423.24 | -22.36 |
Total | 165.05 |
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FII
C Mahendra Exports: Oversubscribed 2.78x; QIB 1x; HNI 3.9x; Retail 4.8x
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C. MAHENDRA EXPORTS LIMITED
Updated as on 06 January 2011 at 1745 hrs
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C. MAHENDRA EXPORTS LIMITED
Total Issue Size | 15000000 |
Total Bids Received | 41739000 |
Total Bids Received at Cut-off Price | 22332360 |
No. of times issue is subscribed | 2.78 |
Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
1 | Qualified Institutional Buyers (QIBs) | 7500000 | 7623480 | 1.02 |
1(a) | Foreign Institutional Investors (FIIs) | 7623480 | ||
1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 0 | ||
1(c) | Mutual Funds | 0 | ||
1(d) | Others | 0 | ||
2 | Non Institutional Investors | 2250000 | 8819580 | 3.92 |
2(a) | Corporates | 3993660 | ||
2(b) | Individuals (Other than RIIs) | 4735020 | ||
2(c) | Others | 90900 | ||
3 | Retail Individual Investors (RIIs) | 5250000 | 25295940 | 4.82 |
3(a) | Cut Off | 22332360 | ||
3(b) | Price Bids | 2963580 |
Updated as on 06 January 2011 at 1745 hrs
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