ITC - Testing waters with 64mm cigarettes :Edelweiss PDF link

ITC has test launched 64mm cigarettes (Capstan at INR2.0/stick, Gold Flake at INR2.5/stick) in UP and Bihar; an expected move due to the ~40% tax differential between 64mm and 69mm categories. Though we perceive this as positive, we expect limited volumes (1-2% of total cigarette volumes) due to high price differential (INR2/stick against INR1/stick) with smuggled contraband cigarettes (~INR18bn market; ~10% of industry). Competitors like VST are also testing this category in Chhattisgarh and Andhra Pradesh. ITC has recently hiked prices of its Sunfeast biscuits (Dark Fantasy by 10%, Bourbon by ~18%) and soaps (Vivel 90gm soap by 5%). Although FY13 cigarette volumes are expected to be flattish, we are positive on cigarette business’ earnings growth due to margin expansion and turnaround of FMCG business. Maintain ‘BUY’.

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When should you EXIT your MF investment? 5 POINTERS :Morning Star

Should you exit if your mutual fund has had a manager change? Ask these five questionsto help you decide.

If you own a fund that has recently had a manager change, the good news is that you can take your time to size up the situation; the value of the fund's basket of holdings won't be affected overnight. That stands in contrast with publicly traded stocks, where the departure of a high-profile CEO has the potential to shake up the share price immediately.

Thus, the first piece of advice to investors in this situation is to take time to evaluate the implications of the manager change -- for the fund's positioning, performance, and its role in your portfolio.

The following questions will help you frame your thinking.

Edelweiss Technical Reflection (ETR) 20 June

Edelweiss Technical Reflection (ETR)

After Monday’s large down day, the indices exhibited a rebound rally that helped Nifty scale back above the 5100 mark. Overshadowing the daily close near the high of the day was the extreme volatility witnessed intraday with wild swings in either direction. Such a move is associated with rebound rallies within a downtrend and we are within a very near-term corrective phase. Nifty has moved back above the 21 and 50 hourly EMAs that will provide support till 5077. Volumes in yesterday’s session were marginally lower than average and the breadth was absolutely flat. Volatility dipped further down to 21.43 as compared to 22.66 on the India VIX.Momentum oscillators have been whipsawing along with the price on the daily chart but broadly remain in favour on an upside and underline the short-term bullish strength. We however continue to maintain our view of a 50% retracement of the two-week up move risking 5155 and targeting 4980.Only a sustained move above 5155 will negate our corrective bias and put the Nifty back in upward trending mode that could go on to test 5300 i.e. the 61.8% retracement of the Feb-Jun downmove.

Barring the mild weakness in IT index (-0.09%), all other sectoral indices ended the day in the green. Gains were led by stocks from Oil & Gas (+2.14%), FMCG (+1.58%) and Healthcare (+1.13%) indices. The broader market Mid-cap and Small-cap indices ended mixed with 0.17% and -0.01% respectively.

Bullish Setups: TATA, HUVR, BJAUT, PWGR

Bearish Setups: ONGC, DLF, HCLT, SESA

Regards,

Edelweiss Research 

20 June: Stocks in News: Edelweiss

Stocks in News

Cement cos may face INR 30 bn fine for cartel (ET)

HPCL resumes fuel supply to KFA after payments (ET)

RBI to infuse INR 120 bn into the market on June22 (ET)

Bharat light, Mytrah in race to acquire DLF’s wind power biz; Deal value pegged at around INR 10 bn (ET)

Jindal steel may exit race to buy Aussie co Rocklands (ET)

Sesa Goa investors vote on Vedanta merger (ET)

ONGC Videsh Ltd (OVL), the overseas arm of state-owned ONGC is looking at selling 50% stake in its Cuban offshore blocks (DNA)

Cipla Ltd has got tentative approval of the US FDA for its branded oral solution of a combination of antiretroviral drugs lamivudine and zidovudine. (DNA)

FII DERIVATIVES STATISTICS FOR 20-Jun-2012

FII DERIVATIVES STATISTICS FOR 20-Jun-2012
	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	44354	1097.25	36034	911.27	485412	12067.67	185.98
INDEX OPTIONS	569305	14402.01	552992	13947.60	1853815	47430.25	454.41
STOCK FUTURES	69060	1724.83	68313	1732.33	973966	23674.07	-7.50
STOCK OPTIONS	33145	858.10	33536	866.36	53026	1373.07	-8.26
						Total	624.64

 

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FII & DII trading activity across NSE and BSE 20-06-2012

Category	Buy	Sell	Net
	Value	Value	Value
FII	1971.61	1852.03	119.58
DII	1013.08	969.52	43.56

 

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Derivatives Info Kit [For June 20, 2012] Sharekhan PDF link

Derivatives Info Kit [For June 20, 2012] Sharekhan www.sharekhan.com

Summary of Contents     DERIVATIVES INFO KIT

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Click here to read report: Derivatives Info Kit

BSE, Bulk deals, 20/6/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
20/6/2012	530027	Aadi Inds	MANSI RUSHABH SHAH	B	50000	8.52
20/6/2012	503675	Agarwal Hold	AASHISH DEVELOPER	B	337500	63.80
20/6/2012	533163	Arss Infra Proj	IFCI LTD.	S	396203	40.34
20/6/2012	506027	Bhoruka Alum	MANAV NARESHBHAI PATEL	B	338331	1.79
20/6/2012	506027	Bhoruka Alum	MANAV NARESHBHAI PATEL	S	338331	1.94
20/6/2012	531270	Dazzel Conf	SHOBHANA NARENDRAKUMAR SHAH	B	800000	1.95
20/6/2012	531270	Dazzel Conf	SARWANKUMAR DEVIDUTT SARAF	B	1500000	1.95
20/6/2012	531270	Dazzel Conf	NARESHKUMAR KISHANLAL SARAF	B	1500000	1.95
20/6/2012	531270	Dazzel Conf	HEENA RAMESHBHAI PATEL	S	2010000	1.95
20/6/2012	531270	Dazzel Conf	PARMAR SURESHBHAI P	S	1000000	1.95
20/6/2012	531270	Dazzel Conf	BRIJESH ASHOKBHAI HALARI	S	1426272	1.98
20/6/2012	505526	Dolat Invest	Shilpa Sunil Modi	B	918001	2.59
20/6/2012	531470	EMPORIS	JHAVERI SANJEEV BURMAN	B	160754	55.21
20/6/2012	531820	Finalysis Cred	RAJESHRIBA LALIT JADEJA	B	30500	57.34
20/6/2012	531820	Finalysis Cred	PANKAJ JAYANTILAL DAVE	B	35851	59.80
20/6/2012	533333	Fineotex Chem	ARCADIA SHARE & STOCK BROKERS PVT. LTD	B	92000	39.00
20/6/2012	533333	Fineotex Chem	PERSISTENT INFOTECH PRIVATE LIMITED	S	65000	39.00
20/6/2012	514394	Gee El Woollens	UTKARSH PRINTING PRESS PRIVATE LIMITED	B	60000	33.24
20/6/2012	514394	Gee El Woollens	SORUS POWER PRIVATE LIMITED	B	49800	33.35
20/6/2012	514394	Gee El Woollens	MAHENDRA MITHALAL MEHTA HUF	S	40600	33.40
20/6/2012	511682	IFL Promoters	JITENDER KUMAR TOKAS	B	50000	5.24
20/6/2012	511682	IFL Promoters	ADVANCE INDIA SHARES AND SECURITIES PRIVATE LIMITED	B	55000	5.24
20/6/2012	511682	IFL Promoters	NORTH INDIA SECURITIES PVT LTD	S	105302	5.24
20/6/2012	506128	Krishna Deep	ALOK FINANCE PVT. LTD.	B	50000	45.85
20/6/2012	511638	Madhur Capital	SHALIN VINITBHAI PARIKH	S	62000	8.48
20/6/2012	590117	Mahaveer Infoway-$	SANGITA SANDEEP MERCHANT	S	29591	13.47
20/6/2012	530497	Marvel Capital	GANESH ANANT GHADGE	B	39600	17.20
20/6/2012	511688	Mathew Easow	USHITA TRADING AND AGENCIES LIMITED	B	35000	81.00
20/6/2012	531727	Menon Pistons	YOGESHKUMAR RASIKLAL DOSHI	S	27778	95.03
20/6/2012	533220	Midfield Industries	HAKIMKASIMMEHDI	B	88289	34.00
20/6/2012	530557	NCL Research	GCM SECURITIES LTD	S	24150	313.61
20/6/2012	531855	Prabhav Inds	ARISTO MEDIA AND ENTERTAINMENT PRIVATE LIMITED	B	260000	2.73
20/6/2012	531855	Prabhav Inds	DILIP G PAWAR	S	247001	2.75
20/6/2012	531694	Rainbow Found	WOODLAND RETAILS PRIVATE LIMITED	B	36300	16.73
20/6/2012	531694	Rainbow Found	SURABHI DEALMARK PRIVATE LIMITED	B	37625	16.73
20/6/2012	531694	Rainbow Found	NARENDRA KUMAR BOTHRA D	S	46300	16.73
20/6/2012	523030	Rajdhani Leas	ANJANA GUPTA	S	8439	59.94
20/6/2012	533285	RDB Realty & Infra	MANISHA PINCHA	B	79748	38.18
20/6/2012	531893	Sawaca Bsns	HIRA LAL KHATRI	B	100000	117.85
20/6/2012	531893	Sawaca Bsns	ATMA RAM	B	100000	117.85
20/6/2012	524540	Secunderabad Health	NASEEN TRADELINK PRIVATE LIMITED	S	410422	10.85
20/6/2012	531695	SHREYCHEM	RAMESHBHAI TEJABHAI MALA	S	49176	60.38
20/6/2012	526951	STYLAMIND	USHA SINGAL	S	40000	24.25
20/6/2012	530867	Suryanagri Fin	LAHOTI INDIA LIMITED	B	46275	23.80
20/6/2012	530867	Suryanagri Fin	ALOK FINANCE PVT. LTD.	B	27500	23.80
20/6/2012	530867	Suryanagri Fin	NIRAJ REALTORS & SHARES PVT. LTD.	B	27500	23.80
20/6/2012	530867	Suryanagri Fin	MANISHA SANJAY AGRAWAL	S	55000	23.80
20/6/2012	590111	VAISHNAVI	D KONDAIAH	B	122007	5.03
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

NSE, Bulk deals, 20-Jun-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
20-Jun-2012	ARSSINFRA	ARSS Infra Proj. Ltd	IFCI LTD.	SELL	5,34,459	40.19	-
20-Jun-2012	EDUCOMP	Educomp Solutions Limited	ASHOKA FLOWERING TREE MAURITIUS	BUY	7,85,000	146.20	-
20-Jun-2012	EDUCOMP	Educomp Solutions Limited	GENUINE STOCK BROKERS PVT LTD	BUY	8,12,655	150.33	-
20-Jun-2012	EDUCOMP	Educomp Solutions Limited	GENUINE STOCK BROKERS PVT LTD	SELL	8,12,655	150.44	-
20-Jun-2012	EDUCOMP	Educomp Solutions Limited	JANUS CAPITAL MANAGEMENT LLC A/C JANUS INVESTMENT FUND-A/C J	SELL	6,90,502	146.00	-
20-Jun-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	36,11,887	13.73	-
20-Jun-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	35,76,887	13.75	-
20-Jun-2012	SHOPERSTOP	Shoppers Stop Limited	RELIANCE CAPITAL ASSET MANAGEMENT LIMITED A/C REGULAR SAVING	BUY	10,00,000	295.00	-
20-Jun-2012	SHOPERSTOP	Shoppers Stop Limited	RELIANCE CAPITAL TRUSTEE CO. LTD A/C RELIANCE EQUITY OPPORTU	BUY	7,40,500	295.00	-
20-Jun-2012	SHOPERSTOP	Shoppers Stop Limited	SMALL CAP WORLD FUND INC	SELL	19,85,925	295.00	-