Sobha Developers Q1 Operational Update ‐ Strong performance continues::Prabhudas Lilladher,

􀂄 Strong sales performance continues: Although launches were subdued for the
quarter with only a small villa launch in Coimbatore, sales momentum continued
at the company’s previously launched projects, thereby, ending the quarter at
0.83m sq.ft, representing 25% YoY growth and a marginal sequential decline.
Sales from the Gurgaon project witnessed a strong sequential increase of 24%.
Realizations too remained firm at Rs5,737, an increase of 26% & 7% on a YoY
and QoQ basis, respectively, resulting in total sales of Rs4.79bn. The company’s
sales guidance for FY13 stands at Rs20bn as against sales of Rs17bn clocked in
for FY12.

Category-Wise Turnover 10-Jul-12

Trade Date	Category	Buy Value in Rs.Crores	Sell Value in Rs.Crores
10-Jul-12	Mutual Funds	57.76	127.78	-70.02
10-Jul-12	Proprietory Trades	43053.30	43811.57	-758.27
10-Jul-12	Others	41633.14	42098.88	-465.74
Notes :
1.  Buy / Sell value at the end of day:
Options Value (Buy/Sell) = Strike price * Qty
Futures Value (Buy/Sell) = Traded Price * Qty
2. Others exclude FIIs, Mutual Funds, Proprietory Trades

 

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BSE, Bulk deals, 10/7/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
10/7/2012	524412	Aarey Drugs	LEADAGE TRADING PRIVATE LIMITED	B	70808	26.74
10/7/2012	524412	Aarey Drugs	LEADAGE TRADING PRIVATE LIMITED	S	180356	26.25
10/7/2012	531591	Bampsl Sec	PARVEEN KUMAR	S	2200000	1.00
10/7/2012	531458	BOSTON BIO	PATEL NILIMABEN BIPINBHAI	S	50000	2.94
10/7/2012	531648	Croitre Inds	MAHAN TRADING PRIVATE LIMITED	B	67000	75.38
10/7/2012	531252	Farry Inds	PARKES MULTI TRADE PRIVATE LIMITED	B	16070	25.65
10/7/2012	531820	Finalysis Cred	PANKAJ JAYANTILAL DAVE	B	43200	65.90
10/7/2012	533104	GLOBUS SPR	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	388721	126.50
10/7/2012	533104	GLOBUS SPR	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	388721	126.45
10/7/2012	532457	Gulshan Poly	SAR AUTO PRODUCTS LIMITED	S	46079	75.15
10/7/2012	531129	Inani Marbles	AJMERA SHARES TRADING PRIVATE LIMITED	B	20000	222.00

NSE, Bulk deals, 10-Jul-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
10-Jul-2012	DBSTOCKBRO	DB (Int) Stock Brokers	MOONSTAR SECURITIES TRADING &	SELL	1,75,000	111.45	-
10-Jul-2012	GLOBUSSPR	Globus Spirits Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	3,89,610	126.30	-
10-Jul-2012	GLOBUSSPR	Globus Spirits Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	3,89,610	126.42	-

"Global Pulse" : Alcoa - Q2CY12 Result Excerpts :: Edelweiss PDF link

In its Q2CY12 result commentary, Alcoa retained its global aluminium demand growth estimate for 2012 at 7% p.a. It also indicated deficit of 515kt for 2012, slightly higher from 435kt in the previous quarter led by ex-China production cuts. The company believes current aluminium price is depressed compared with strong fundamentals, implicitly indicating that price is likely to have bottomed out and could move up in future. Consequently, we expect short-term pain for Indian aluminium producers, but also foresee improvement as prices rise eventually. Alcoa’s rolled products segment (comparable to Novelis) had stable QoQ EBITDA, in line with our expectation for Novelis of flat QoQ EBITDA for Q2CY12.

DII, FII trading activity on NSE and BSE on Capital Market Segment 10-Jul-2012

Category	Buy Value	Sell   Value	Net  Value
FII	2170.26	1563.72	606.54
DII	830.16	1318.49	-488.33

 

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Vivek Patil Weekly Technical Analysis: Week of 9th July 2012 :ICICI Securities, PDF link

http://content.icicidirect.com/ULFiles/UploadFile_20127993737.asp

Oil & Gas - conference call transcript-Edelweiss, PDF link

Please find enclosed the transcript of the conference call with Mr. S K Majumdar for “Understanding geological complexities and reserves accounting in Oil & Gas” held on 25th Jun, 2012.

Oil & Gas - conference call transcript-25-Jun-12

Regards,

ING Global Real Estate Fund: SELL ::Business Line

Investors can consider exiting fund-of-fund scheme ING Global Real Estate fund.

With the rupee depreciating 24 per cent against the dollar in the last one year, international funds have seen a sharp increase in their short-term returns.

Underperformers such as ING Real Estate Securities Fund, too, have gained in the process, thus bringing their return scorecard since inception to the positive territory. With an annual return of 5.7 per cent since starting out in December 2007, the fund outperformed local benchmark indices.

ING Global Real Estate is an open-end fund-of-fund which invests in ING Global Real Estate Securities Fund. The parent fund invests in stocks of property developers across the globe.

How to buy property in an auction ::Business Line

Tight timelines in the auction process necessitate deep pockets.

Do you yearn to buy a house in the city but find realty rates prohibitive? You could try bidding for properties being auctioned by banks. The laws allow banks to recover dues from defaulting borrowers by auctioning the properties they pledged.

Banks may fix the reserve price (minimum price at which the property will be sold) for such properties 20-25 per cent lower than the going market rate. This could translate into a bargain buy for bidders. Also, since they are auctioned by banks, the title to these properties would likely be clear.

Goldman Sachs - Commodity Watch

Goldman Sachs - Commodity Watch

On Urbanization and the Case for Emerging Markets and Dietary Fibre! mckinsey

The case for emerging markets equities rests on their superior  long-term growth prospects, which in turns depends on the rate of urbanization of the population as workers  migrate from rural areas to  cities, thereby increasing income levels and productivity. The McKinsey Global Institute has recently released a fascinating report on urbanization and how the rise of these cities is driving the growth of the consumer class, particularly  in emerging markets (http://www.mckinsey.com/insights/mgi/research/urbanization/urban_world_cities_and_the_rise_of_the_consuming_class  ).  To summarise:

BF Utilities - Event Update : Target 680: Anand Rathi

BF Utilities - Event Update                                               CMP 470                                                             Target 680

Project - Nandi infrastructure Corridor Enterprise (NICE) (74.5% holding) Project – BMIC – Bangalore Mysore Infrastructure Corridor Project.

Event – The key asset for the company is the project BMIC (Bangalore Mysore Infrastructure Corridor Project) – A 164km tolled expressway connecting the cities Bangalore and Mysore. It includes a peripheral road in Bangalore, 5 New Townships along the Expressway (the first Section A involves 7,290 acres land), a Town Planning Authority status, and a Concession period for the toll of 40 years. The BMIC is 75% owned by BF utilities. It has a single planning authority – Bangalore Mysore Infrastructure Corridor Area Planning Authority (BMICAPA) for the entire project.

Startups take unconventional hiring routes to ramp up employee headcount ::

Stocks in News : 10 July: Edelweiss

 Stocks in News

ONGC Videsh plans INR 50-bn IPO to fund buys (ET)

Warburg’s Future buy hits FIPB wall; Future cap told to hive off realty arm before deal (ET)

L&T fin makes NCDs more liquid, opens repurchase window (ET)

REC raises INR 30.85-bn through private bond issue (ET)

Govt failure to allot coal blocks hits NTPC expansion (ET)

Coal India postpones board meet on Fuel Supply Pacts (ET)

Gujarat seizes Essar Oil’s 3 Bank accounts (ET)

3i India invests INR 2 bn in Supreme Infra (ET)

ONGC in pact with Cairn India for north Tapti fields (ET)

RIL starts gas supply to Bawana project (MINT)

Rcom prices S’pore IPO, offers 9.5-11.5% yield (DNA)

SAIL plans INR 1.31-lakh-cr investment to up capacity (BS)

ET Wealth: How to leave assets for your heirs

For most people, financial aspirations are driven by a two-pronged need. One, to derive material pleasure in their lifetime, and two, to financially secure their progeny after they die. While the former can be easily achieved, the latter can spawn a morass of disputes and legal trauma if the legacy is not distributed in the right manner.

This is why amassing assets may be important, but more crucial is to guarantee that your inheritance is passed on smoothly to your heirs and that they aren't swindled of what is rightfully theirs or are embroiled in lengthy legal battles. 

Edelweiss Technical Reflection (ETR) 10 July

Edelweiss Technical Reflection (ETR)

It's not been a good start to the trading week with bears pressing sales led by weakness across the Asian indices. Nifty opened with a gap down below 5300, but managed to recover towards the psychological barrier and started to sell-off once again, breaking below the hourly 21 and 50 EMAs of 5068 and 5073 respectively. The earlier negative divergence readings on hourly momentum oscillators resulted in ~1.4% drop from the high of 5333. Short-term oscillators have rolled bearish but remain in positive territory indicating a correction within an up cycle. Breadth turned strongly in favor of bears with an A/D ratio of 1:2.3. Nifty is now delicately poised at the pivot point of 5248, the break of which would signal a deeper retracement towards the 5160 (bullish gap area). We prefer to maintain our bullish bias for target of 5440.

All the sectoral indices ended the day lower led by losses in Metals (-1.55%), Power (-1.54%) and Cap Goods (-1.25%). Only the Technology sector managed to outperform with minor loss of 0.07%. Weakness was more pronounced in the broader market Mid-cap and Small-cap index with losses of 1.20% and 1.06% respectively.

Bullish Setups: GUJS, ICICIBC, PWG R, BHEL, ITC, BHARTI

Bearish Setups: TTMT/A, JETIN

Regards,

Edelweiss Research 

Sales Traders Commentary: 10 July: Edelweiss

Sales Traders Commentary

The domestic equity market ended lower on Monday tracking weak global markets. Metal, power, auto and capital goods stocks led the decline.

While the Sensex closed at 17391, down 130 points, the Nifty slipped 42 points to end the day at 5275.

Major gainers were Tata Consultancy Services (0.95%), Dr. Reddy`s Laboratories (0.82%) and Hindalco Industries (0.12%).

Major losers were Hero Motocorp (2.62%), Jindal Steel & Power (2.56%), Tata Steel (2.32%), Bajaj Auto (2.30%), Maruti Suzuki India (2.28%) and Tata Power Company (1.98%).

The Metal index was down 1.55%. Major losers were Hindustan Zinc (4.61%), Jindal Steel & Power (2.56%), JSW Steel (1.6%), Bhushan Steel (0.36%) and Coal India (0.24%)

The Power index slipped 1.54%. Major losers were G M R Infrastructure (4.96%), Adani Power (4.75%), Reliance Infrastructure (3.55%), A B B (2.16%) and Bharat Heavy Electricals (1.08%).

The Capital Goods index was down 1.25%. Major losers were BEML (4.28%), A B B (2.16%), Bharat Electronics (1.46%), Alstom Projects India (1.33%) and Bharat Heavy Electricals (1.08%).

The Auto index was down 1.12%. Major losers were Hero Motocorp (2.62%), Bharat Forge (2.5%), Bajaj Auto (2.3%), Cummins India (2.21%) and Ashok Leyland (0.19%).

Major losers in the mid–cap space were Alok Industries (3.01%), Aban Offshore (1.77%), Alstom Projects India (1.33%), CORE Education and Technologies (1.17%) and A B G Shipyard (0.82%).
Major losers among small caps were A2Z Maintenance & Engineering Services (5.06%), Trident (2.87%), Aarti Industries (1.44%), Aanjaneya Lifecare (0.84%) and A B G Infralogistics (0.68%).

Globally, Asian indices ended on a lower note while European indices were trading in similar sentiments.

10 July: Morning News (click on link to read article) IFCI Financial Services Limited

Morning News (click on link to read article)

Economic Times		Business Standard
Ø  Govt seeks help from Nomura, Citi for new IIP Ø  Wall Street: US stocks slide ahead of corporate earnings season Ø  Spain borrowing rate hits bailout danger zone Ø  Coal India board meeting postponed; likely on July 17 Ø  Govt hopeful of meeting $40.5-bn textile export target in FY13 Ø  Mahindra launches pick up in South Africa at Rs 149,900		Ø  RBI to launch plastic currency on pilot basis in 5 centres Ø  FIIs net buy Rs 253cr, DIIs net sell Rs 288cr Ø  Rupee breaches 56-level, at 56.01/dollar Ø  Brent nears $99 on Norway strike, China data Ø  Gold ETFs hit hard at Rs 30k investors book profits Ø  Direct tax collections rise 47% in Apr-Jun Ø  IDFC sells part of holding in NSE
Business Line		Mint
Ø  S&P upgrades Tata Motors on improved cash flow Ø  ‘Metal, textile & electronics major contributors of NPA property in 2011-12’ Ø  JSW rejects Credit Suisse research report observations Ø  Sugar may gain more after topping Rs 3,000/quintal Ø  Coal India can raise output if it gets green approvals Ø  SAIL to ink pact with Kobe Steel today		Ø  Maruti turns to Africa to sell petrol-run cars Ø  Gujarat govt seizes Essar Oil’s bank accounts Ø  Apollo plans to launch new pharmacy format Ø  Hero MotoCorp plans record output even as stock piles up Ø  Infosys likely to pare FY13 revenue growth forecast Ø  Sundaram Finance to expand outsourcing business in Australia
Financial Express		Financial Chronicle
Ø  FIPB to tweak single brand retail norms Ø  India Inc meets Ranga, demands rate cut Ø  Slowdown hits tax collection in qtr Ø  Rs 100 cr investment for Jain Irri NBFC Ø  Hindustan Paper loses Rs 1cr in 4 days Ø  China inflation falls, gives leeway for stimulus		Ø  OECD sees slowdowns deepening in India, China Ø  RCom sets price range for $1b Singapore cable IPO Ø  ONGC in pact with Cairn India for North Tapti gas fields Ø  CCI okays merger of Welspun Global Brands into Welspun India Ø  FinMin dismisses Vodafone plea; to reply after PMO's approval

 (Click on link to view article)

Thanks and Regards

IFIN: IFCI Financial Services Limited

Buying a flat? Don't get carried away by the sample ::ET

The walls were beautifully done up, the fittings were exquisite and the rooms were very spacious. Vijayalaxmi Nayak and her family were so pleased with the look and feel of the sample flat that they immediately booked an apartment in the project by a reputed developer in Bangalore.

The excitement died down when the Nayaks got possession of the house three years later. It was nowhere close to what they had been shown. The flooring used ordinary tiles, the fixtures were not classy and the wall finish was quite plain. "In the sample flat, the rooms looked so big and perfectly done up, but actually the size was much smaller, and the ceiling too was not of the same height as showcased," says Nayak.

How to read your PAN Card

PAN is a 10 digit alpha numeric number, where the first 5 characters are letters, the next 4 numbers and the last one a letter again. 
  
These 10 characters can be divided in five parts as can be seen below. The meaning of each number has been explained further.

Tracking flux in forex assets ::Business Line