11 June 2012

Power - Advantage Power Grid; sector update : Edelweiss PDF link



PGCIL has outperformed NTPC ~12% since January 2012, which we believe has largely been on account of the latters lower-than-anticipated earnings growth. We believe adjusted for cash equivalents and capital WIP, operating power assets are trading at an implied one-year forward P/BV of ~2.3x for NTPC and ~1.6x for PGCIL despite the latters FY12-14E earnings CAGR of ~23% being at 2x of NTPC. We believe the outperformance will continue, but it will be driven by higher PGCIL multiple going forward largely due to its superior execution leading to superior earnings growth, sustained monopoly (CERC approved capex of INR1tn in XII Plan) and limited risks to 17% RoE compared to NTPCs ~25% which has downward risks.


BSE, Bulk deals, 1/6/2012


Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
11/6/2012530027Aadi IndsRUSHABH SHAHS750009.17
11/6/2012530713AJELTILOTTAMA HOLDINGS PVT.LTDB1000005.13
11/6/2012530713AJELKANODIA INVESTMENT ADVISORY PVT. LTD.S1000005.13
11/6/2012507525Amrit Corp-$USHA BHUPENDRA SANGHAVIB60000306.00
11/6/2012507525Amrit Corp-$BHUPENDRA GOKALDAS SANGHAVIB60000306.00
11/6/2012507525Amrit Corp-$DECENT FIN SER (P) LTDS77336306.01
11/6/2012507525Amrit Corp-$SHUB LABH INDIA MARKETING AND CONSTULTANTS PRIVATE LIMITEDS46357306.00
11/6/2012521131Anjani Dham IndsMALAY CORPORATE SERVICES PVT LTDS600009.73
11/6/2012534109BCB FinIKAB SECURITIES & INVESTMENTS LTDS16800025.10
11/6/2012531648Croitre IndsYOGESH KUMAR AGGARWALS34700110.61
11/6/2012511710Cubical FinPAWAN FINVEST PRIVATE LIMITEDS8000023.29
11/6/2012531171Devika ProtMIHIRBHAI SUMANBHAI PARIKHB550103.70
11/6/2012511668Fact EnterpriseMOONSTAR SECURITIES TRADING & FINANCE CO P LTDB1000008.10
11/6/2012511668Fact EnterpriseBLC TRADING AGENCIES PRIVATE LIMITEDS960008.17
11/6/2012507910Fiberweb IndiaSULOCHNADEVIANILKUMARAGARWALB650007.18
11/6/2012531820Finalysis CredDHARMENDRA HARILAL BHOJAKB4460063.02
11/6/2012531820Finalysis CredESSEMM FINCAP LIMITEDS4000063.07
11/6/2012519552Heritage FoodsKAMAL KABRAB123100143.50
11/6/2012519552Heritage FoodsAAYUSH KABRAS123100143.50
11/6/2012513723Himalaya Gran-$JHUNJHUNWALA VANASPATI LTDB2406135.95
11/6/2012513723Himalaya Gran-$GYAN TRADERS LIMITEDS1800035.95
11/6/2012511682IFL PromotersADVANCE INDIA SHARES AND SECURITIES PRIVATE LIMITEDB1649006.60
11/6/2012511682IFL PromotersADVANCE INDIA SHARES AND SECURITIES PRIVATE LIMITEDS1800006.61
11/6/2012500206MARGO FINSHIKHA JAINB1000003.35
11/6/2012500206MARGO FINA K JAIN HUFB549023.35
11/6/2012500206MARGO FININDO COUNT INDUSTRIES LIMITEDS1549023.35
11/6/2012504058Nippo BattrCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB49481445.30
11/6/2012504058Nippo BattrDWARAKNATH.REDDYB1145125491.00
11/6/2012504058Nippo BattrCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS49481443.15
11/6/2012504058Nippo BattrPANASONIC CORPORATIONS1147125490.94
11/6/2012505525Parichay InvestJIGAR RASIKLAL PATELB6000160.00
11/6/2012505525Parichay InvestJITENDRABHAI N JHAVERI HUFB7362159.26
11/6/2012505525Parichay InvestJHAVERI SANJEEV BURMANS8950160.32
11/6/2012531694Rainbow FoundARROWSPACE ADVISORS PRIVATE LIMITEDB7229914.60
11/6/2012532966Titagarh WagGOYA LIMITEDS121809302.08
11/6/2012590111VAISHNAVIBADDULA RAVINDRAB1145115.24
11/6/2012590111VAISHNAVISWAPNA SRI TUMMALAB1338705.23
11/6/2012590111VAISHNAVISWAPNA SRI TUMMALAS1286165.24
11/6/2012590111VAISHNAVIO MARKANDEYULUS1110015.24
11/6/2012531650VAX HousingNAYANKUMAR SHAH KALPANABENS5020012.98
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price



FII & DII trading activity across NSE and BSE 11-06-2012


CategoryBuySellNet
ValueValueValue
FII1596.611466.23130.38
DII739.49954.15
-214.66

 


-- 



NSE, Bulk deals, 11-Jun-2012



DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
11-Jun-2012ARSSINFRAARSS Infra Proj. LtdIFCI LTD.SELL2,07,10355.83-
11-Jun-2012CEBBCOCommercial Eng & Co. LtdNEW YORK LIFE INVESTMENT MANAGEMENT INDIA FUND FVCI II LLCSELL12,00,52071.00-
11-Jun-2012CEBBCOCommercial Eng & Co. LtdRP COMPUTER FORMS PVT LTDBUY2,85,00071.00-
11-Jun-2012CEBBCOCommercial Eng & Co. LtdSS CORPORATE SECURITIES LIMITEDBUY3,00,00071.00-
11-Jun-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDBUY25,15,12674.87-
11-Jun-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDSELL25,15,12674.89-
11-Jun-2012IVRCLINFRAIVRCL LimitedMAX NEW YORK LIFE INSURANCE CO LTDBUY15,00,00047.29-
11-Jun-2012LAKPRELakshmi Precision ScrewsRELIANCE MUTUAL FUNDSELL2,49,34540.00-
11-Jun-2012LAKPRELakshmi Precision ScrewsSHIVSWAROOP GUPTABUY1,65,00040.00-
11-Jun-2012LITLLanco Infratech LimitedSUNTECK WEALTHMAX CAPITAL PRIVATE LIMITEDBUY189,79,22414.00-
11-Jun-2012LITLLanco Infratech LimitedSUNTECK WEALTHMAX CAPITAL PRIVATE LIMITEDSELL190,45,61414.01-
11-Jun-2012NIPPOBATRYNippo Batteries Co. LimitCROSSEAS CAPITAL SERVICES PVT. LTD.BUY49,444443.06-
11-Jun-2012NIPPOBATRYNippo Batteries Co. LimitCROSSEAS CAPITAL SERVICES PVT. LTD.SELL49,444445.68-
11-Jun-2012PEARLPOLYPearl Polymers LtdBETA FINANCE & TRADING PRIVATE LTD.SELL13,25,00010.15-
11-Jun-2012PEARLPOLYPearl Polymers LtdCHAND SETHBUY5,74,84010.15-
11-Jun-2012PEARLPOLYPearl Polymers LtdHARISH SETHSELL5,74,84010.15-
11-Jun-2012PEARLPOLYPearl Polymers LtdPACIFIC PEARL FINANCE & LEASING LTDBUY6,62,50010.15-
11-Jun-2012PEARLPOLYPearl Polymers LtdPEARL TELEFONICS LIMITEDBUY6,62,50010.15-
11-Jun-2012SB&TINTLSB&T International LtdTHE FEDERAL BANK LTDSELL99,9505.01-
11-Jun-2012TWLTitagarh Wagons LimitedGOYA LIMITEDSELL1,41,040302.14-


Torrent Pharmaceuticals - conference call transcript-21-May-12 : Edelweiss, PDF link



Please find enclosed the transcript of the conference call with Torrent Pharmaceuticals held on 21st May, 2012.
Regards,


FII DERIVATIVES STATISTICS FOR 11-Jun-2012



FII DERIVATIVES STATISTICS FOR 11-Jun-2012 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES693601747.11483831220.073500358675.37527.03
INDEX OPTIONS75345718882.4072964718300.36158809240121.56582.04
STOCK FUTURES492801237.89526431280.0693272522505.38-42.17
STOCK OPTIONS413261072.22416521074.59466611187.30-2.37
      Total1064.53

-- 

FII DERIVATIVES STATISTICS FOR 11-Jun-2012



FII DERIVATIVES STATISTICS FOR 11-Jun-2012 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES693601747.11483831220.073500358675.37527.03
INDEX OPTIONS75345718882.4072964718300.36158809240121.56582.04
STOCK FUTURES492801237.89526431280.0693272522505.38-42.17
STOCK OPTIONS413261072.22416521074.59466611187.30-2.37
      Total1064.53

-- 

Edelweiss Technical Reflection (ETR) 11 June



Edelweiss Technical Reflection (ETR)
The bulls stamped their authority on Friday after they managed to pull the indices from the low of the day to close near the high in a final hour surge. After a fairly bullish week, the index opened flat and gradually slipped down by 50 points to breach below 5000, only to see a smart rally in the final hour and managed to close above the crucial 200 DMA. Volumes have been at an average levels and the breadth slipped in favour of declines. Volatility dropped marginally at 23.47 (as tracked by India VIX) but still remains in a short-term uptrend. Momentum oscillators have moved in an overbought state in the immediate near-term and are signaling risks of profit taking at higher levels. On the weekly charts Nifty has formed a large ‘engulfing bull / outside bar’ pattern that has potential to take prices higher in the coming sessions. The index has nearly retraced 38.2% of the decline from Feb 2012 high of 5630 at 5100 and on sustenance of the level is poised to test the 50% retracement mark at 5200. On the downside the key pivot is now pegged at 4965 i.e. the 50-hourly EMA.  Sectoral trends were mixed on Friday with gains coming from Cap Goods (+1.78%), Realty (+1.40%) and FMCG (+0.89%) indexes. Among the losers of the day were IT (-0.75%) and Healthcare (-0.01%) indices. Broader market Mid-cap and Small-cap indices underperformed the frontline index with gains of 0.22% and 0.20% respectively.

Bullish Setups: LT, DLF, CNXBANK, REC, NCC, STER
Bearish Setups: DRRD, LICHF, INFO, HDFC, HPCL, ACEM


Regards,