29 July 2011

Oil India - "Highest ever quarterly production" ::LKP

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Key highlights
Ø  OIL India set a new high in both crude oil (0.957 MMT) & natural gas production (0.641 bcm) in this quarter and consequently, surpassed our expectations.
Ø  Total sales for the quarter stood at Rs 23,660.8 mn, 7.7% above our estimate of Rs 21,961.6 mn.
Ø  Crude sales for the quarter stood at Rs 19,560 mn, which is up 13.7% q-o-q & 46.9% y-o-y.  Crude sales qty. of 0.963 MMT was up 0.013 MMT q-o-q & 0.184 MMT y-o-y.
Ø  Gas sales for the quarter stood at Rs 2,644.2 mn, which is up 10% q-o-q & 78.7% y-o-y. Gas sales qty. of 0.508 bcm was up 0.043 bcm q-o-q & 0.085 bcm y-o-y.
Ø  Not only have production nos. improved but realizations have also improved in spite of a steep increase in the subsidy burden.
Ø  Q1 FY12 subsidy burden of Rs 17,806.5 mn ($56.8/bbl) was higher compared to subsidy/bbl of $51.1/bbl in Q4 FY11 & $28.4/bbl in Q1 FY11.
Ø  Gross realization for Q1 FY12 was $116.3/bbl owing to the prevailing high crude prices. Hence, Q1 FY12 net realization of $59.6/bbl was higher compared to $52.9/bbl in Q4 FY11 & $49.7/bbl in Q1 FY11.
Ø  The hike in APM gas price to $4.2/mmBtu in Jun 2010 has led to 51.8% y-o-y jump in blended natural gas realization.
Ø  The combination of higher production figures and better operational performance resulted in a net profit of Rs 8,496.1 mn, which was 14.5% ahead of our estimate. EPS for the quarter was Rs 35.3.
Outlook and Valuation
The upstream sector’s share of the gross under recoveries, which was fixed at ~33% during FY08-10, has been increased suddenly to ~39% in FY11. Since our FY12 & FY13 estimates of gross under-recovery at Rs 792 bn & Rs 722.3 bn are higher than gross under recovery of ~Rs 782 bn in FY11, we don’t foresee a return to the 33% sharing mechanism in the near term. Accordingly, we assume 39% of the subsidy burden to be borne by the upstream sector in perpetuity. We estimate post-subsidy realization for OIL India to be $69.2/bbl and $67.8/bbl respectively in FY12 & FY13. As per our estimates, OIL India’s crude realizations are capped at ~ $70/bbl going forward.
We maintain our BUY rating with a target price of Rs 1,512. Our price target translates into EV/boe of $ 6.1/boe and FY12E & FY13E P/E of 11.5x and 11.2x respectively.

NSE, Bulk deals, 29-Jul-2011

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DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
29-Jul-2011AMRUTANJANAmrutajan Health LtdCROSSEAS CAPITAL SERVICES PVT. LTD.BUY21,813877.29-
29-Jul-2011AMRUTANJANAmrutajan Health LtdCROSSEAS CAPITAL SERVICES PVT. LTD.SELL21,813877.82-
29-Jul-2011AMRUTANJANAmrutajan Health LtdRADHIKA DIPAN MEHTABUY19,287875.96-
29-Jul-2011AMRUTANJANAmrutajan Health LtdRADHIKA DIPAN MEHTASELL19,637876.14-
29-Jul-2011APTECHTAptech LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.BUY3,42,763142.26-
29-Jul-2011APTECHTAptech LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.SELL3,42,763141.70-
29-Jul-2011APTECHTAptech LimitedJAINAM INVESTMENTSBUY3,94,042140.56-
29-Jul-2011ATLASCYCLEAtlas Cycles (Haryana) LtCROSSEAS CAPITAL SERVICES PVT. LTD.BUY40,174453.98-
29-Jul-2011ATLASCYCLEAtlas Cycles (Haryana) LtCROSSEAS CAPITAL SERVICES PVT. LTD.SELL40,174452.56-
29-Jul-2011BEDMUTHABedmutha Indust LtdKISHORE KRISHN PATKIBUY1,20,000136.05-
29-Jul-2011BGLOBALBharatiya Global Info LtdAJAYBUY1,32,93329.55-
29-Jul-2011BGLOBALBharatiya Global Info LtdAJAYSELL1,32,93329.61-
29-Jul-2011BGLOBALBharatiya Global Info LtdBRIJESHKUMAR JIVRAM MISHRABUY2,58,44130.99-
29-Jul-2011BGLOBALBharatiya Global Info LtdBRIJESHKUMAR JIVRAM MISHRASELL1,14,55629.88-
29-Jul-2011BGLOBALBharatiya Global Info LtdCROSSEAS CAPITAL SERVICES PVT. LTD.BUY7,20,02029.51-
29-Jul-2011BGLOBALBharatiya Global Info LtdCROSSEAS CAPITAL SERVICES PVT. LTD.SELL7,31,77329.56-
29-Jul-2011BGLOBALBharatiya Global Info LtdGKN SECURITIESBUY1,12,49529.44-
29-Jul-2011BGLOBALBharatiya Global Info LtdGKN SECURITIESSELL1,17,21629.33-
29-Jul-2011BGLOBALBharatiya Global Info LtdNIKHIL SECURITIES LIMITEDBUY92,41130.19-
29-Jul-2011BGLOBALBharatiya Global Info LtdNIKHIL SECURITIES LIMITEDSELL92,41130.21-
29-Jul-2011GTLGTL LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.BUY8,36,40776.38-
29-Jul-2011GTLGTL LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.SELL8,38,32276.35-
29-Jul-2011GTLGTL LimitedGENUINE STOCK BROKERS PVT LTDBUY7,62,22576.09-
29-Jul-2011GTLGTL LimitedGENUINE STOCK BROKERS PVT LTDSELL7,62,22576.17-
29-Jul-2011GTLGTL LimitedQUADEYE SECURITIES PRIVATE LIMITEDBUY6,71,31876.36-
29-Jul-2011GTLGTL LimitedQUADEYE SECURITIES PRIVATE LIMITEDSELL6,71,31876.33-
29-Jul-2011GTLGTL LimitedTRANSGLOBAL SECURITIES LTD.BUY6,65,22876.22-
29-Jul-2011GTLGTL LimitedTRANSGLOBAL SECURITIES LTD.SELL6,65,83276.16-
29-Jul-2011HTMEDIAHT Media LimitedHPC (MAURITIUS) LIMITEDSELL25,00,000165.00-
29-Jul-2011IFBAGROIFB Agro Industries LtdBP FINTRADE PRIVATE LIMITEDBUY68,960102.75-
29-Jul-2011IFBAGROIFB Agro Industries LtdBP FINTRADE PRIVATE LIMITEDSELL70,758103.26-
29-Jul-2011JUMBOJumbo Bag LtdPANDYA PRAGNESH ROHITKUMARBUY42,52824.95-
29-Jul-2011JUMBOJumbo Bag LtdPANDYA PRAGNESH ROHITKUMARSELL65,30426.16-
29-Jul-2011RSYSTEMSR Systems International LPRABHAKARRAO MAHABLESHWAR BANTWALBUY1,44,124106.10-
29-Jul-2011RSYSTEMSR Systems International LTRIPATHI BHAVOOKBUY1,44,445105.64-
29-Jul-2011RSYSTEMSR Systems International LTRIPATHI BHAVOOKSELL1,44,445106.10-
29-Jul-2011RUSHILRushil Decor LimitedAMBER ENCLAVE PRIVATE LIMITEDBUY2,28,779131.06-
29-Jul-2011RUSHILRushil Decor LimitedAMBER ENCLAVE PRIVATE LIMITEDSELL1,11,779129.08-
29-Jul-2011RUSHILRushil Decor LimitedCHANDARANA INTERMEDIARIES BROKERS P. LTDBUY97,142129.88-
29-Jul-2011RUSHILRushil Decor LimitedCHANDARANA INTERMEDIARIES BROKERS P. LTDSELL97,142130.99-
29-Jul-2011RUSHILRushil Decor LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.BUY2,38,756129.92-
29-Jul-2011RUSHILRushil Decor LimitedCROSSEAS CAPITAL SERVICES PVT. LTD.SELL2,38,756130.83-
29-Jul-2011RUSHILRushil Decor LimitedMANSUKH SECURITIES & FINANCE LIMITEDBUY1,28,522130.91-
29-Jul-2011RUSHILRushil Decor LimitedMANSUKH SECURITIES & FINANCE LIMITEDSELL1,29,522130.91-
29-Jul-2011RUSHILRushil Decor LimitedQUADEYE SECURITIES PRIVATE LIMITEDBUY1,10,897131.95-
29-Jul-2011RUSHILRushil Decor LimitedQUADEYE SECURITIES PRIVATE LIMITEDSELL1,10,897131.91-
29-Jul-2011RUSHILRushil Decor LimitedR.M. SHARE TRADING PVT LTDBUY1,87,331130.16-
29-Jul-2011RUSHILRushil Decor LimitedR.M. SHARE TRADING PVT LTDSELL1,87,331130.80-
29-Jul-2011RUSHILRushil Decor LimitedRAJENDRA JAYANTILAL PATELBUY72,000131.55-
29-Jul-2011RUSHILRushil Decor LimitedRAJENDRA JAYANTILAL PATELSELL72,000131.16-
29-Jul-2011THINKSOFTThinksoft Global Ser LtdFACTS SHARE & STOCK BROKING PVT. LTD.BUY87,79149.47-
29-Jul-2011THINKSOFTThinksoft Global Ser LtdFACTS SHARE & STOCK BROKING PVT. LTD.SELL85,79148.84-

BSE, Bulk deals, 29/7/2011

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This data was last updated on Friday, July 29, 2011  5:04:03 PM
Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
29/7/2011530027Aadi IndsJAYESH MANNARLAL AJMERAS5000018.14
29/7/2011590006Amrutanjan Health-$A K G SECURITIES AND CONSULTANCY LTDB15538875.77
29/7/2011590006Amrutanjan Health-$RKSV SECURITIES INDIA PRIVATE LIMITEDB16127876.56
29/7/2011590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB21813877.12
29/7/2011590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS21813877.39
29/7/2011590006Amrutanjan Health-$RKSV SECURITIES INDIA PRIVATE LIMITEDS16127875.88
29/7/2011590006Amrutanjan Health-$A K G SECURITIES AND CONSULTANCY LTDS15538876.28
29/7/2011532475AptechJAINAM INVESTMENTSB305958140.69
29/7/2011532475AptechCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB343067141.72
29/7/2011532475AptechASHOK NARAINDAS ASRANIB410320142.84
29/7/2011532475AptechASHOK NARAINDAS ASRANIS410320139.47
29/7/2011532475AptechCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS343006142.38
29/7/2011531160Arcadia MercSMIT KAMLESHBHAI SHAHB1750007.73
29/7/2011531160Arcadia MercHEMANGINI KAMLESHKUMAR SHAHB750007.45
29/7/2011531160Arcadia MercAANIR SHARES SERVICESB1250007.45
29/7/2011531160Arcadia MercDIPIKABEN SHAILESHBHAI SONIB500007.45
29/7/2011531160Arcadia MercDHARMENDRA RIKHANCHAND SHAH HUFB320127.45
29/7/2011531160Arcadia MercDHARMENDRA RIKHANCHAND SHAH HUFS360098.11
29/7/2011531160Arcadia MercRIDDHI SECURITIES LTD .S500007.45
29/7/2011531160Arcadia MercMODY NILA MAYURBHAIS1606007.45
29/7/2011531160Arcadia MercAMRAPALI CAPITAL AND FINANCE SERVICES LIMITEDS2771007.45
29/7/2011524760Arvind Intl-$CHACHAN COMMODITIES BROKING PRIVATE LIMITEDB5000014.05
29/7/2011524760Arvind Intl-$SUNDRM CONSULTANTS PRIVATE LIMITEDS4200014.10
29/7/2011505029Atlas CycleCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB40174452.57
29/7/2011505029Atlas CycleA K G SECURITIES AND CONSULTANCY LTDB18338452.99
29/7/2011505029Atlas CycleA K G SECURITIES AND CONSULTANCY LTDS18338453.44
29/7/2011505029Atlas CycleCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS40174454.35
29/7/2011524606Beryl DrugsMUKTA GABRIEL GONSALVESB3181231.97
29/7/2011511664BGIL FilmsENAAM SECURITIESB720006.12
29/7/2011533499BGLOBALAMIT MANILAL GALAB17117628.98
29/7/2011533499BGLOBALCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB71889429.53
29/7/2011533499BGLOBALGENUINE STOCK BROKERS PVT. LTD.B8050829.38
29/7/2011533499BGLOBALA K G SECURITIES AND CONSULTANCY LTDB24826829.34
29/7/2011533499BGLOBALGKN SECURITIESB11190529.33
29/7/2011533499BGLOBALGKN SECURITIESS11190529.49
29/7/2011533499BGLOBALA K G SECURITIES AND CONSULTANCY LTDS24826829.40
29/7/2011533499BGLOBALGENUINE STOCK BROKERS PVT. LTD.S8050829.39
29/7/2011533499BGLOBALCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS71889429.55
29/7/2011533499BGLOBALAMIT MANILAL GALAS17117629.11
29/7/2011530755Coral NewsKAILASH CHANDRAB395005.55
29/7/2011530755Coral NewsENAAM SECURITIESS411005.54
29/7/2011532715Gitanjali GemsM/S MORGAN STANLEY MAURITIUS COMPANY LIMITEDB500000313.39
29/7/2011500160GTLCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB83364576.31
29/7/2011500160GTLA K G SECURITIES AND CONSULTANCY LTDB61882476.74
29/7/2011500160GTLA K G SECURITIES AND CONSULTANCY LTDS61882476.91
29/7/2011500160GTLCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS83364576.40
29/7/2011530315Hindustan Tin-$MAHENDRA VASANTRAI DOSHIB10050080.00
29/7/2011532662HT MediaHPC (MAURITIUS) LIMITEDS1820000165.00
29/7/2011526610In House ProdSHREE AAI DEVELOPERS PRIVATE LIMITEDB3000014.33
29/7/2011524400Ishita DrugsNILESH KUMAR LAHOTIB2000047.15
29/7/2011524400Ishita DrugsNILESH KUMAR LAHOTIB1505046.89
29/7/2011524400Ishita DrugsMAYUR NARAYANDAS DARJIB2500047.14
29/7/2011524400Ishita DrugsGEETA AJAY SHAHS2698447.13
29/7/2011531597Midland PolySUSHILA DEVI JORAS6350024.95
29/7/2011531597Midland PolyBRIJMOHAN CHANDULALS3630024.95
29/7/2011526159Nikhil Adhsv-$VISEN INDUSTRIES LIMITEDB2000043.15
29/7/2011526159Nikhil Adhsv-$UMESH MORARJI THAKKARS2000043.15
29/7/2011505525Parichay InvestMAYUR NARAYANDAS DARJIB700038.95
29/7/2011505525Parichay InvestSAJJANKUMAR MAHABIRPRASAD PARASRAMPURIAB830038.95
29/7/2011511702Parsharti InvGOVINDJI RAMANJI THAKORB1792336.45
29/7/2011531769PFL InfotechROHIT KHULLARB40250394.00
29/7/2011513403PM TelelinnksVARMORA KAMLESH DINESHBHAIB9988536.53
29/7/2011532735R SystemsPRABHAKARRAO MAHABLESHWAR BANTWALB126376106.05
29/7/2011532735R SystemsBHAVOOK TRIPATHIB126050105.79
29/7/2011532735R SystemsBHAVOOK TRIPATHIS126050106.05
29/7/2011522257Rajoo Engineers-$SPJ STOCK BROKER PVT LTDB18491216.71
29/7/2011511652Ram KaashyapINVENTURE GROWTH & SECURITIES LTD.B458319.36
29/7/2011503162Reliance Chem-$RAMKRIPA SECURITIES PVT LTDB2500090.50
29/7/2011503162Reliance Chem-$SUMIT PRAKASH NEVTIAB2829890.24
29/7/2011503162Reliance Chem-$SUMIT PRAKASH NEVTIAS2849590.44
29/7/2011533470Rushil DecorCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB238756130.81
29/7/2011533470Rushil DecorCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDB98059130.89
29/7/2011533470Rushil DecorA K G SECURITIES AND CONSULTANCY LTDB167166131.69
29/7/2011533470Rushil DecorR M SHARES TRADING PRIVATE LIMITEDB187473130.77
29/7/2011533470Rushil DecorA K G SECURITIES AND CONSULTANCY LTDS167166131.57
29/7/2011533470Rushil DecorR M SHARES TRADING PRIVATE LIMITEDS187473130.29
29/7/2011533470Rushil DecorCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDS98059129.98
29/7/2011533470Rushil DecorCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS238756130.02
29/7/2011533470Rushil DecorAMBER ENCLAVE PRIVATE LIMITEDS202280134.94
29/7/2011531312Sanraa MediaJMP SECURITIES PVT LTDB60090010.13
29/7/2011533332SUDAR GARMSHREE MALLIKARJUN TRADINVEST PRIVATE LIMITEDB100000115.23
29/7/2011533332SUDAR GARMSHREE MALLIKARJUN TRADINVEST PRIVATE LIMITEDS100000115.40
29/7/2011517534SV ElectricalsDEVANG DILIP VYASB14900031.34
29/7/2011512257SVARTCORPSWASTI VINAYAKA INVESTECH LIMITEDS2000006.00
29/7/2011532311Tutis Tech-$PRIME DYES & CHEMICALS CO.PVT. LTDB12832918.39
29/7/2011532311Tutis Tech-$MANDVIDYES&CHEMICALSCO PVT LTDS10060018.39
29/7/2011531950Vertex SecGOLDMINE BARTER PRIVATE LIMITEDB30000299.40
29/7/2011531950Vertex SecR M FINANCIAL SERVICES PRIVATE LIMITEDS31512299.40
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price