Category-Wise Turnover 19-Jul-12

Trade Date	Category	Buy Value in Rs.Crores	Sell Value in Rs.Crores
19-Jul-12	Mutual Funds	129.71	123.07	6.64
19-Jul-12	Proprietory Trades	54014.27	54372.89	-358.62
19-Jul-12	Others	43256.29	43662.01	-405.72
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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Monsoon - Sowing below normal; oilseeds key risk :Edelweiss, PDF link

Monsoon, so far, has been much below par even as it has picked up somewhat in July. Sowing in all key kharif crops is below normal, pointing to weak output, going forward. From inflation perspective, oilseeds are emerging as a key risk area because of lower domestic sowing and rising international prices. Pulses, too, are at risk because of poor sowing season so far. Among other food grains, rice sowing is relatively lower, but record-high stock in government granaries mitigates risk. With regards to cash crops, cotton sowing has been close to normal so far and FY12 has seen a record production. However, rainfall has to pick up, particularly in Gujarat, for a decent yield.

Development Credit Bank: Results beat expectation on account of lower provisioning: Nirmal Bang,

Results beat expectation on account of lower provisioning
Development Credit Bank (DCB)’s performance for Q1FY13 was above estimates. DCB reported a net profit of Rs.18.9 crs in Q1FY13 resulting in a growth of 114.3% on YoY basis and QoQ increase of 9.2%.

Pantaloon Retail India --Recovery in core business not yet visible ::Prabhudas Lilladher

We met with the management of Pantaloon Retail (PF) to understand the core retail
performance, given the context of weak SSS growth and PF’s de-leveraging plans.
􀂄 Sluggish demand environment: Overall consumer sentiment continues to
remain low impacted by a sluggish macro environment, high inflation as well as
moderation in discretionary consumer spending. As a consequence, discount
season for Indian Retailers has started a fortnight ahead of its usual schedule.
According to the management, consumer spending should pick up with the
onset of festival season in August-September. SSS is expected to remain
sluggish.

Bajaj Finance -Riding high on growth :Nirmal Bang Research

Riding high on growth
Bajaj Finance (BFL) reported net profit of Rs 138.7 cr (52.4% YoY) in Q1FY13 exceeding the expectations. Loan losses and provisions for Q1FY13 declined 20.6% QoQ and 6.4% YoY. Asset quality remained healthy during the quarter with gross NPA declining by 6 bps and Net NPA declining by 2 bps.

NSE, Bulk deals, 19-Jul-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
19-Jul-2012	HDIL	Housing Development and I	MANULIFE GLOBAL FD- ASIAN EQ FD	SELL	24,32,000	84.68	-
19-Jul-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	79,97,796	10.02	-
19-Jul-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	80,12,981	10.02	-
19-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	MARWADI SHARES AND FINANCE LIMITED	BUY	75,957	458.61	-
19-Jul-2012	ONELIFECAP	Onelife Cap Advisors Ltd	MARWADI SHARES AND FINANCE LIMITED	SELL	75,957	458.57	-
19-Jul-2012	RSSOFTWARE	R. S. Software (I) Ltd.	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	1,15,386	117.48	-
19-Jul-2012	RSSOFTWARE	R. S. Software (I) Ltd.	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	1,15,406	117.40	-
19-Jul-2012	RSSOFTWARE	R. S. Software (I) Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	52,489	117.07	-
19-Jul-2012	RSSOFTWARE	R. S. Software (I) Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	67,621	116.35	-
19-Jul-2012	SELMCL	SEL Manufacturing Company	BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED	BUY	16,85,486	8.03	-
19-Jul-2012	SELMCL	SEL Manufacturing Company	BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED	SELL	16,85,486	8.24	-
19-Jul-2012	SKSMICRO	SKS Microfinance Ltd	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	6,75,778	87.79	-
19-Jul-2012	SKSMICRO	SKS Microfinance Ltd	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	6,75,778	87.46	-
19-Jul-2012	SKSMICRO	SKS Microfinance Ltd	SHREE NAMAN SECURITIES & FINANCE PVT. LTD	BUY	4,08,275	89.01	-
19-Jul-2012	SKSMICRO	SKS Microfinance Ltd	SHREE NAMAN SECURITIES & FINANCE PVT. LTD	SELL	4,14,994	89.12	-
19-Jul-2012	VARUN	Varun Industries Limited	S E INVESTMENTS LIMITED	SELL	3,23,998	23.38	-

BSE, Bulk deals, 19/7/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
19/7/2012	532797	Autoline Inds	VISHWAS MARKETING SERVICES PVT LTD	B	97327	163.17
19/7/2012	511672	Clarus Finance	BLUE CIRCLE SERVICES LIMITED	B	100000	38.00
19/7/2012	530393	DB Intl Stock	KHUSBOO COMPLEX PRIVATE LIMITED	S	191052	98.75
19/7/2012	531820	Finalysis Cred	PANKAJ JAYANTILAL DAVE	B	28700	67.00
19/7/2012	511682	IFL Promoters	NORTH INDIA SECURITIES PVT LTD	B	142999	7.58
19/7/2012	511682	IFL Promoters	ADVANCE INDIA SHARES AND SECURITIES PRIVATE LIMITED	S	136792	7.57
19/7/2012	514312	Jaihind Syn	NARENDRA RAJA	S	59975	15.19
19/7/2012	530165	Kanchan Intl	Ghanshyambhai Vallabhbhai Patel	S	25000	64.27
19/7/2012	506041	Mahesh Agri	RAHUL KOTHARI	B	3500	31.99
19/7/2012	506041	Mahesh Agri	SHAM SUNDER SHARMA	B	4203	32.10
19/7/2012	506041	Mahesh Agri	YOGESH BHOGILAL CHAUHAN	S	10100	32.10
19/7/2012	506041	Mahesh Agri	SONAL INTERNATIONAL LTD	S	11754	32.10
19/7/2012	531453	Mohit Inds-$	NIRANJAN VENI	S	176000	62.46
19/7/2012	531453	Mohit Inds-$	GITABHAI NIRANJAN	S	104000	62.51
19/7/2012	531453	Mohit Inds-$	BONY DALAL	S	70000	62.26
19/7/2012	505525	Parichay Invest	ASHLESH GUNVANTBHAI SHAH	S	8001	245.55
19/7/2012	511702	Parsharti Inv	UPSURGE INVESTMENT AND FINANCE LTD	B	20927	6.42
19/7/2012	511702	Parsharti Inv	NILESHKUMAR C PATEL	S	22222	6.40
19/7/2012	531855	Prabhav Inds	VENKATESWARA CAPITAL MANAGEMENT LIMITED	B	400000	2.99
19/7/2012	531855	Prabhav Inds	GODAVARI COMMERCIAL SERVICES PRIVATE LIMITED	S	400000	2.99
19/7/2012	530111	Raj Packaging	MADANCHAND PRASANCHAND	B	64483	21.77
19/7/2012	530111	Raj Packaging	MADANCHAND PRASANCHAND	S	40146	23.17
19/7/2012	590077	Ranklin Sol-$	SHARMILA PARVATANENI	S	26799	6.52
19/7/2012	517447	RS Software	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	115386	117.37
19/7/2012	517447	RS Software	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	115386	117.58
19/7/2012	511144	Saya Housing	POOJA KISHOR MIRANI	S	20000	4.66
19/7/2012	511754	Shalibhadra Fin	SHAH ANILBHAI NAGINLAL	B	30000	55.72
19/7/2012	511754	Shalibhadra Fin	ROMESH ANILBHAI SHAH	S	30000	55.72
19/7/2012	531695	SHREYCHEM	ASHOKBHAI MADHUBHAI PARMAR	S	39700	63.14
19/7/2012	533228	SKS Microfinance	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	675829	87.36
19/7/2012	533228	SKS Microfinance	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	675829	87.80
19/7/2012	513517	Steelcast	QUEST INVESTMENT ADVISORS PRIVATE LIMITED-PMS	B	21960	230.33
19/7/2012	532917	Varun Inds	S E INVESTMENTS LIMITED	S	378741	23.26
19/7/2012	531874	Venus Power Ventures	DHANA ENERGY PRIVATE LIMITED	B	110000	19.97
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

10 investment tips for people under 25 years :Tata Capital

If you are under 25 and meaningfully employed with decent earnings here are 10 investment tips to create wealth.

1. Take stock of your financial situation. Ascertain your total income from all sources, your total expenses and thus, your total free investable surplus. This is the amount which is available to you to invest across equity and debt instruments. Also keep a small amount aside for emergencies.

2. Set short and long term goals for yourself. This exercise will help determine the sums of money needed to fulfill your goals and for upcoming heavy expenses. It will also be helpful to decide where and for how long you should invest your money.

3. Determine the amount of risk you are willing to take. Generally at a young age, investors are advised to take on higher risk so that their returns are maximised during this period, as their dependencies are lesser. However, it is always important to know your own risk-bearing propensity and plan your investments accordingly. There are investor profile tools that are freely available with most financial service companies that can be used for this.

4. Take help from advisors and experts. They bring with them vast knowledge and experience and can inform you about all the options available and guide you through investing in them. However, you should always keep a look out for bias or personal agendas in their recommendations.

5. Create a model portfolio. Based on your goals and your risk profile, a portfolio should be created that includes equity, debt and other investment products.

FII & DII trading activity across NSE and BSE 19-07-2012

Buy	Sell	Net
Value	Value	Value
FII	2021.6	1895.82	125.78
DII	924.56	1153.4	-228.84

 

 

FII DERIVATIVES STATISTICS FOR 19-Jul-2012

FII DERIVATIVES STATISTICS FOR 19-Jul-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	76839	1924.34	48839	1270.41	639159	16206.46	653.93
INDEX OPTIONS	309721	8081.43	310071	8133.53	1694502	44426.81	-52.10
STOCK FUTURES	97449	2582.82	92011	2470.47	1032722	27549.74	112.35
STOCK OPTIONS	46644	1317.74	45344	1274.22	74729	2080.86	43.52
						Total	757.70

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Bajaj Auto - “Signs of recovery” : LKP Research

New launches in domestic markets to assist the company to post 7-8% volume growth in FY 13

With new launches of the high margin KTM bikes (though a low volume product in India), Pulsar 200NS and Discover 100cc and the recent launch of Discover 125ST, we may witness Bajaj Auto weathering the weakness in demand observed off late and get back on a recovery path. However, with the Honda Dream Yuga 110cc, Suzuki’s Hayate 110cc and Hero’s new launches of Ignitor 125 cc and Passion XPro 110cc will provide tough competition to Bajaj in the mass and executive segment, while the premium segment is seeing a sharp demand erosion due to the higher cost of ownership in a scenario where interest rates are high and fuel cost is rising. Management expects that in Q2 FY13, the 2W industry will grow at 5% and the second half will see some improvement with the full year reporting 7-8% growth as festive seasons are falling in the second half this year. Management has admitted that achieving a 5mn target for FY 13 looks difficult. On 3W front, the management is cautious as there is no clarity on new permits opening while the diesel based 3W is seeing some amount of traction. Domestic 3W grew by 6% in Q1, which was better than our expectations, which would perform well according to us going forward as diesel vehicle demand is moving up. We factor in 8% growth for the domestic 2W business and 2% growth in domestic 3W business. The company has made its intentions clear to expand its capacity by 25% to 6.3mn depending on how demand pans out in the second half of the year.

Axis Bank - Q1FY13 Result Update - Centrum

Q1FY13 Result Update

Axis Bank

Buy

Target Price: Rs1,300

CMP: Rs1,023

Upside: 27%

A mixed bag

Axis Bank’s bottom-line came in 5% below our estimates on weaker non-interest income and higher provisions. Slippage rate was down to 1.07% (from 1.5% avg for the last 3 quarters), though GNPA increased by 16% QoQ due to weaker recoveries and upgrades. Meanwhile, restructured assets increased by 25% QoQ though still comfortable at 2.2% of loans. At current valuations, the asset quality concerns seem to be adequately priced in and hence we maintain Buy rating and price target of Rs1,300. Reiterate Top Pick.

Don’t let loans hit your SIPs :: Business Line

I am 23. My monthly salary is Rs 40,000 and I am left with Rs 25,000 as surplus. I invest in both EPF and VPF. I am planning to take a term insurance policy for Rs 1 crore. I intend to invest in some fixed deposits. Should I let some cash sit idle in my savings account or should I opt for sweep facility to take care of liquidity? After deciding on the above, I want around 5 per cent of my portfolio to be invested in gold ETFs. I am planning to book a flat in Delhi by next year. I want to start SIPs in mutual funds. Should I consider only equity funds or balanced and debt funds as well? — Radhika Gupta

How to protect online payments :: Business Line

Make online payments safe through virtual cards.

Want to buy a book? A camera or a bottle of perfume? Go online. The reach of online shopping is widening and the allure of convenience is hard to quell. But there’s the risk of your card details being stolen and your security compromised.

True, a layer of security is added through verification codes (via Verified by Visa and MasterCard SecureCode) to complete a transaction . Even so, security is still a stumbling block for many of us. Enter virtual cards.

When to speak up at the AGM :: Business Line

With the AGM season for 2012 beginning, here are a few issues you can watch out for and raise with the company whose shares you own.

Corporate India has seen quite a few instances of institutional investors turning more activist in recent times, be it their questioning the pricing practices of Coal India, voting against Akzo Nobel India’s merger proposal or protesting against Vedanta’s restructuring.

The nitty-gritty of a merger may be difficult for you, as a retail investor, to question. But even routine matters that come up for discussion at AGMs (Annual General Meetings) sometimes warrant questioning.

With the AGM season for 2012 beginning, here are a few issues you can watch out for and raise with the company whose shares you own.

Grindwell Norton: Market leadership position in the Abrasives market in India :nirmal bang,

Company Overview
Grindwell Norton Ltd (GNO) is India’s leading manufacturer of Abrasives (Bonded,
Coated, Non-Woven, Superabrasives and Thin Wheels) and Silicon Carbide. It also
manufactures and markets High Performance Refractories and Performance Plastics
products. It is part of the 42 bn euro multinational group Saint Gobain.
Investment Rationale
Market leadership position in the Abrasives market in India
GNO is a market leader in the Abrasives market in India. It is one of the two major
players and together they have a market share of ~70% split among them equally. The
estimated market size of Abrasives in India for FY12 was ~Rs 2500 cr. The demand for
abrasive products in India is steady and any revival in the capex can lead to significant
improvement in the demand.
Wide range of products to cater to different industries
The abrasive products are used in a number of industries such as Steel, Automobiles,
Auto Components, General Metal Fabrication and Woodworking. GNO makes wide
range of products like Bonded, Super and Coated in the abrasives segment. Most of
these products are made indigenously or sourced from Saint Gobain plants across the
world. The dependence on any single industry for these products is less than 15%. The
largest customer accounts for less than 2% of the sales and the largest dealer accounts
for less than 3% of the total sales. This coupled with wide range of products helps
diversify the business risk for the company.
Expansion of capacity will help the company grow
Grindwell is looking to make a capital expenditure of Rs 100 crore per annum over the
next 2-3 years. It plans to set up Phase II of its High Performance Refractories (HPR)
plant in Gujarat this fiscal. Also, it would be investing in capacity expansion at bonded
abrasives plant in Nagpur and thin wheels and coated abrasives plant in Himachal
Pradesh. It is setting up a new non-woven abrasives line along with new plant for
performance plastics at Bangalore, too. The expansion projects (the major ones being
the Bonded expansion at Nagpur and the new Non-Woven plant at Bangalore)
planned are progressing as per schedule and are expected to be completed in the first
half of the current financial year. GNO has already done a capex of close to Rs 100 cr
in FY12 and is expected to invest similar amount in FY13 to expand its capacity. The
benefit of this capex will be seen in the coming years.

Determining option premium :: Business Line

So how is the premium for the option calculated? Why is the premium for three months expiration time or high volatility stocks priced higher than the one month expiration time or low volatility stocks?

Premium of an option is determined by the factors discussed below.

Q1FY13 Result Preview Oil & Gas :Centrum

Q1FY13 Result Preview

Oil & Gas

Crude gives, rupee takes

Amidst the EU turmoil, crude prices crashed from a high of US$125/bbl to about US$90/bbl and averaged US$109/bbl during Q1. Falling crude prices was good news from the Indian perspective but 7.5% QoQ rupee depreciation negated the positive impact of lower crude prices. GRMs did not receive any fillip from falling crude prices and declined further from US$7.7/bbl in Q4 to US$6.7/bbl in Q1. Despite lower crude prices, Q1 under-recoveries still remained high at Rs445bn owing to rupee depreciation. Government raised petrol prices during Q1 but the decision on diesel (possibly LPG) price hike is pending and is expected only post presidential elections. Devoid of government support in Q1, OMCs will report losses, but upstream will report relatively better performance. Gas utilities are likely to be a mixed bag. Cairn is likely to benefit from rupee and forex gains while RIL’s petchem and refining performance will be better on a QoQ basis.