23 July 2012
Real estate prices in Mumbai are unlikely to fall due to limited supply, a leading real estate developer said today. "All input costs and raw material costs are going up and supply is constrained due to lack of approvals. Unless supply increases, the real estate prices in the city are unlikely to fall," chairman and managing director of Oberoi Realty, Vikas Oberoi told reporters here.
THEJO ENGINEERING LIMITED – INITIAL PUBLIC OFFERING
Issue – Overview
Thejo is proposing to raise `21 crore through an Initial Public Offering and list its shares on EMERGE, the
SME platform of the National Stock Exchange. The price band per share of face value `10 is `402 to
CRISIL has assigned a CRISIL SME fundamental grade of ‘SME 5/5’ to the proposed IPO of Thejo
Engineering Ltd. This indicates that the fundamentals of the IPO are excellent as compared to other
SMEs in India.
Background of the Company
• Thejo is a light engineering Company based in Chennai providing Engineering Solutions for Bulk
Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like
mining, power, steel, cement, ports, fertilizers etc.
• The services offered by the Company include belt conveyor maintenance and operations, while its
product portfolio covers design, manufacture and supply of engineering products for Bulk Material
Handling, Mineral Processing and Corrosion Protection.
• In fiscal 2011, products and services contributed 55 % and 38% of its total income respectively. The
remaining 7% of income was contributed by trading activities.
• Currently, Thejo is one of the few companies in the sub continent offering manufacturing, marketing
and servicing activities under one roof.
Colgate result by Taher Badshah,Sr Fund Manager & Co-head equities, Motilal Oswal AMC-PMS
Results has been inline with our expectation with 11% volume growth and gaining dominance in terms of market share at 54.5%, colgate has seen improvement in market share in tooth brush and mouthwash as well. Despite infaltionary pressures, margins have remained intact at 21.5%. We expect colgate to deliver strong results with higher market share going forward.
Issue price / Floor Price (Rs)
Application per share (Rs)
Minimum investment amount (Rs)
Minimum bid (no of shares)
6000 shares and in multiple of 6000 thereafter
Maximum Shares for Retail
Strong yoy sales growth of 26% yoy led by the core E&C segment, adjusted EBIDTA margins (after adjusting for MTM forex hit) is in line with expectations at 11.4 .Order inflow was very strong at Rs 195 bn which is a growth of 21% and order backlog is Rs 1531 bn. We believe it remains the best play in the infrastructure space in India.
IT spending in the country is expected to grow by 16.3 per cent to $43.57 billion (Rs 2.43 lakh crore) in 2012, on increased spending by SMEs and rising investment in emerging technologies, research firm IDC today said.
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After two rounds of rate cuts last month, petrol price was on Monday hiked by 70 paise per litre on firming international oil rates. Petrol in Delhi will cost Rs 68.48 per litre with effect from midnight tonight as compared to Rs 67.78 a litre now, state-owned oil companies announced on Monday.
The marginal hike in rate follows reductions last month -- Rs 2.02 per litre on June 3 and Rs 2.46 a litre on June 29. The twin price cuts followed the massive Rs 7.54 per litre increase in rates, the biggest in the history, effected in May.
Monday's increase was "necessitated due to increasing international oil prices and movement in INR-dollar exchange rate," Indian Oil Corp, the nation's largest fuel retailer, said in a statement.
Average price of Indian basket of crude is $ 101.28 per barrel while international petrol price is $111.59 a barrel. The Rupee-dollar exchange rate is around Rs 55.36 to a dollar.
"At these levels, the oil companies are incurring losses of about Rs 1.41 per litre on petrol sales in the domestic market. However, as the price movement is quite volatile, it has been decided that an increase of Rs 0.70 per litre ..," it said.
In Mumbai, petrol price has raised by Rs 0.88 to Rs 74.24 per litre, while it will cost Rs 73.61 a litre in Kolkata from Tuesday compared to Rs 72.74 per litre currently. Chennai saw a hike of Rs 0.89 per litre in price to Rs 73.16 a litre.
CLICK links to Read MORE reports on: oil and gas
|Deal Date||Scrip Code||Company||Client Name||Deal Type *||Quantity||Price **|
|23/7/2012||524412||Aarey Drugs||MUKESH BHOGIBHAI DARJI||B||83201||30.67|
|23/7/2012||524760||Arvind Intl-$||NARKAR PRASHANT TUKARAM||B||100000||14.75|
|23/7/2012||524760||Arvind Intl-$||NARKAR PRASHANT TUKARAM||S||100000||14.78|
|23/7/2012||524760||Arvind Intl-$||MANJARI CHIRAG KAMDAR||S||100000||14.75|
|23/7/2012||531591||Bampsl Sec||SANGEETA BANDIL||B||2000000||0.72|
|23/7/2012||531591||Bampsl Sec||GOPI NATH SHARMA||S||1915305||0.72|
|23/7/2012||509011||CHISEL||ASHOKKUMAR MOHANLAL RAWAL||S||14400||8.79|
|23/7/2012||533288||Claris Lifesciences||SIGNET HEALTHCARE PARTNERS QP PARTNERSHIP III LP||B||1405050||162.00|
|23/7/2012||533288||Claris Lifesciences||ADITYA SUSHILKUMAR HANDA||S||1733204||162.05|
|23/7/2012||531648||Croitre Inds||AJAY GOLECHA||S||50000||70.30|
|23/7/2012||531367||Dollex Inds||SHARDA MANOJ KASLIWAL||S||200000||4.03|
|23/7/2012||531367||Dollex Inds||MANOJ KASLIWAL||S||300000||4.06|
|23/7/2012||531820||Finalysis Cred||PANKAJ JAYANTILAL DAVE||B||44149||65.25|
|23/7/2012||531820||Finalysis Cred||VALLABHBHAI KAKADIYA||S||37549||65.25|
|23/7/2012||533333||Fineotex Chem||DIKSON TRADING & FINANCE COMPANY LIMITED||B||71337||29.00|
|23/7/2012||532726||Gallantt Metal||SAURABH MANAGEMENT PRIVATE LIMITED||B||614151||20.48|
|23/7/2012||532726||Gallantt Metal||SAURABH MANAGEMENT PRIVATE LIMITED||S||614000||20.48|
|23/7/2012||523844||Invicta Meditek||YAI ANGU||B||65000||36.90|
|23/7/2012||506041||Mahesh Agri||BINA ATUL CHAUHAN||B||5000||35.35|
|23/7/2012||506041||Mahesh Agri||NATVERLAL R PATEL||S||5000||35.35|
|23/7/2012||523704||Mastek||CROSSEAS CAPITAL SERVICES PRIVATE LIMITED||B||164387||126.77|
|23/7/2012||523704||Mastek||CROSSEAS CAPITAL SERVICES PRIVATE LIMITED||S||164387||126.90|
|23/7/2012||590074||Ortin Lab-$||ARJUN DHONDIBA PATIL||B||24790||19.74|
|23/7/2012||590074||Ortin Lab-$||DEVANG HEMENDRAKUMAR SHAH||B||25306||19.89|
|23/7/2012||590074||Ortin Lab-$||M/S JEM FISCAL LIMITED||S||25000||20.07|
|23/7/2012||590074||Ortin Lab-$||ARJUN DHONDIBA PATIL||S||24790||19.93|
|23/7/2012||505525||Parichay Invest||SHYAM CONSTRUCTION||B||62900||255.16|
|23/7/2012||505525||Parichay Invest||ASHLESH GUNVANTBHAI SHAH HUF||S||10635||255.47|
|23/7/2012||505525||Parichay Invest||JHAVERI SANJEEV BURMAN||S||31175||255.22|
|23/7/2012||505525||Parichay Invest||VIRENDRAKUMAR JAYANTILAL PATEL||S||8215||255.24|
|23/7/2012||505525||Parichay Invest||SANJAY JETHALAL SONI HUF||S||22950||255.05|
|23/7/2012||531769||PFL Infotech||NALLA RAMACHANDRA RAO||B||65000||23.54|
|23/7/2012||531769||PFL Infotech||MONO HERBICIDES LIMITED||S||62562||23.55|
|23/7/2012||531467||Polypro Fibrils||AJAY RAVINDRA SHAH||B||35001||12.78|
|23/7/2012||531467||Polypro Fibrils||JAYESH RAVINCHANDRA SHAH||B||25834||12.74|
|23/7/2012||531467||Polypro Fibrils||URVI PRAKASH SHAH||S||60000||12.77|
|23/7/2012||532826||Raj Television||ILANGOVAN RAJANI||S||66869||199.89|
|23/7/2012||532106||REI Agro||BNY MELLON INVESTMENT FUNDS NEWTON ASIAN INCOME FUND||B||49000000||10.44|
|23/7/2012||532106||REI Agro||BNY MELLON ASIAN EQUITY FUND||S||14000000||10.44|
|23/7/2012||532106||REI Agro||BNY MELLON INVESTMENT FUNDS NEWTON ORIENTAL FUND||S||35000000||10.44|
|23/7/2012||530439||Siddha Ventures||HANSABEN HASMUKHBHAI AMIN||B||100000||1.15|
|23/7/2012||530439||Siddha Ventures||AMIN NAKUL HASMUKH||S||99500||1.15|
|23/7/2012||532669||Southern Onlin||DIKSON TRADING & FINANCE COMPANY LIMITED||B||1455587||4.53|
|23/7/2012||532669||Southern Onlin||SAMRIDHI SHARE AND STOCK BROKER LIMITED||S||200000||4.59|
|23/7/2012||532669||Southern Onlin||NEW MECH VYAPAAR PVT LTD||S||300000||4.49|
|23/7/2012||532669||Southern Onlin||ARPIT SHARE BROKERS PRIVATE LIMITED||S||960000||4.53|
|23/7/2012||526139||Transgene Bio||BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED||B||460385||11.48|
|23/7/2012||526139||Transgene Bio||SYNDICATE NIRMAN PRIVATE LIMITED||B||522350||11.50|
|23/7/2012||526139||Transgene Bio||SYNDICATE NIRMAN PRIVATE LIMITED||S||522350||11.22|
|23/7/2012||526139||Transgene Bio||BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED||S||426080||11.35|
|23/7/2012||526441||Vision Tech||SRINIVAS KARROTHI||S||200000||7.98|
|* B - Buy, S - Sell|
|** = Weighted Average Trade Price / Trade Price|
|Date||Symbol||Client Name||Buy / Sell||Quantity Traded|
|LITL||Lanco Infratech Limited||SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED||BUY||127,82,872||14.21||-|
|LITL||Lanco Infratech Limited||SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED||SELL||130,01,810||14.19||-|
|MASTEK||Mastek Ltd||CROSSEAS CAPITAL SERVICES PVT. LTD.||BUY||1,64,387||126.85||-|
|MASTEK||Mastek Ltd||CROSSEAS CAPITAL SERVICES PVT. LTD.||SELL||1,64,387||126.85||-|
|MASTEK||Mastek Ltd||DINESH MUNJAL(HUF)||BUY||1,73,693||127.47||-|
|MASTEK||Mastek Ltd||DINESH MUNJAL(HUF)||SELL||1,73,693||127.54||-|
|NEXTMEDIA||Next Mediaworks Limited||CROSSEAS COMTRADE PRIVATE LIMITED||SELL||10,00,000||3.05||-|
|NEXTMEDIA||Next Mediaworks Limited||RAJESH H BAHETI HUF||BUY||10,00,000||3.05||-|
|RAJTV||Raj Television Network Li||ILANGOVAN RAJANI||BUY||66,869||199.90||-|
|TEXMOPIPES||Texmo Pipe & Products Ltd||KBC ALDINI CAPITAL MAURITIUS LTD (DR)||SELL||2,00,000||11.68||-|
|TEXMOPIPES||Texmo Pipe & Products Ltd||MANAV N PATEL||BUY||2,01,975||11.67||-|
|TEXMOPIPES||Texmo Pipe & Products Ltd||MANAV N PATEL||SELL||2,01,975||11.67||-|
|FII DERIVATIVES STATISTICS FOR 23-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|
DB Corp (DBCL)
Print advertising cyclicality (from high base) hurts 1QFY13. DB Corp reported weak
1QFY13 financials with EBITDA at Rs850 mn (-15% yoy); the negative variance resulted
from weak national advertising (declined ~15% yoy) in (1) mature markets given high
base of 1QFY12 (~20% yoy growth then) and (2) dependence of print advertising on
cyclical sectors such as BFSI, durables and real estate (surprising in DBCL markets). BUY
but with reduced upside and 12-month forward FV of Rs260 (Rs290 previously) given
(1) advertising down-cycle is sharper-than-previously-envisaged and (2) expansions likely
to take more time to be completed and profitable.
Dr Reddy's Laboratories (DRRD)
Slow start to the year, recalibrating estimates. 1QFY13 PAT missed our estimate of
Rs4 bn by 17% due to (1) severe pricing erosion in the US, (2) lack of approvals for
limited competition products, (3) high SG&A costs and (4) lower sales realization due to
hedges. We lower our FY2013E total sales to US$2.2 bn, down US$120 mn, lower than
management guidance of US$2.5 bn. We expect base business EBITDA margin
expansion to be constrained by high SG&A cost, limited expansion in gross margin and
higher R&D spend. We lower our FY2013-14 PAT estimates by 10-14% due to lower
sales, lower base business margin and a higher tax rate. Maintain REDUCE with TP of
Rs1,740, 20X 12 month forward base business core earnings.
Whose money is it anyway? The telecom minister’s recent suggestion that the reserve
price for the upcoming spectrum auction would be based on a ‘revenue maximization’
motive is a sharp deviation from policy priorities stated in the draft NTP-2011 released
in Oct 2011. Draft NTP-2011 had clearly referred to ‘direct revenue generation’ as a
secondary policy objective. Amid all the objection to the TRAI-suggested reserve price in
the public domain, we keep hearing unconfirmed stories of operators (including
incumbents) preparing for bidding in the upcoming auctions at those very reserve price
levels. The outcome could be ‘customers losing some, shareholders a lot’ if the TRAIsuggested reserve prices end up becoming base spectrum price levels.
Hero Motocorp (HMCL)
In-line quarter. Hero Motocorp’s results were operationally in line with our estimates,
but average selling prices were flat qoq despite a price increase taken during the
quarter indicating downtrading by customers. We expect EBITDA margins to remain
under pressure as volume growth stays sluggish. We maintain our SELL rating on the
stock due to expensive valuations and rising competitive pressure which limit ability of
the company to take pricing actions to offset rising input costs.
Consumer products: Can 'Rin Perfect Shine' of HUL create perfect storm for JYL? : Kotak Sec, PDF link
Can ‘Rin Perfect Shine’ of HUL create perfect storm for JYL? The recent launch of
Rin Perfect Shine (RPS) fabric whitener by HUL is likely a case of proactive targeting of
potential competition (Ujala of JYL which accounts for ~80% of its profits) as most of
JYL-Henkel brands compete head-on with HUL. RPS has a seemingly superior packaging
in a shrink-sleeve versus mould-based packaging of Ujala, in our view. The biggest
potential worry for JYL is product sampling by HUL, i.e. if RPS is bundled free with Rin
detergent powder, in our view. Higher adpro spends for JYL is likely
India convertibles monthly
Educomp Solutions refinances while Moser Baer seeks to restructure. While
prominent companies (like JSW Steel and Tata Motors) paid up their FCCB obligations
without much ado, restructuring proposals (for Moser Baer) and extension of
redemption dates (for Suzlon and Gemini Communication) marred issuers at the other
end of the spectrum.
CLICK links to Read MORE reports on: Kotak Sec