25 August 2012

Alembic Pharmaceuticals - conference call transcript-10-Aug-12 :Edelweiss,


Dear Sir/Madam,
Please find enclosed the transcript of the conference call with Alembic Pharmaceuticals held on 10th August, 2012.
Regards,

What is Index of Industrial Production (IIP)? :Tata Mutual Fund


KRBL: Improved business outlook - Buy call - Networth

KRBL is one of the leading Indian rice exporters having presence in both basmati and Non-basmati segment. The Company has intergrated operations starting from grain production (contract farming) to finished rice production along with full product chains involving productive usage of by-products like husk and rice-brans to generate power and healthy edible oil. Products aside, the Company has made investments in wind-power in earlier years to derive fiscal incentives. It has wide marketing network with presence at 5,75,000 retail outlets spread over all towns and cities of the country apart from tie-up with organized retail chains. It has 1MT paddy storage capacity. Its rice commands ~25% premium to average export price.

Student heading abroad? 3 remittance rules to know :Economic Times,


It's that time of the year when students from India head to various parts of the world to earn that coveted international degree. In this two-part series we will look at the important things students must keep in mind as they embark on their pursuit.

First, it is important to understand the important rules laid down by the Reserve Bank of India when it comes to remitting funds abroad. We will look at these rules in this article. In the next part, we will look at the tax implications for students who are particularly headed to the US.

TCS overtakes RIL as India's most valued company: Rediff


Reliance Industries on Thursday lost its position of the country's most valued company to TCS, with the share price of the IT giant rising by 2.5 per cent.
As the share price of Reliance Industries Ltd (RIL) fell by 1.68 per cent to Rs 794.45, the company's market value also slipped to Rs 2,57,111 crore (Rs 2,571.11 billion) -- below Tata Consultancy Services' Rs 2,58,578 crore (Rs 2,585.78 billion).




South Indian Bank (SIB) Buy Target Price: Rs27 :Centrum


South Indian Bank (SIB)

Buy
Target Price: Rs27
CMP: Rs23          
Upside: 20%
A re-rating candidate
South Indian Bank (SIB) has consolidated its position during last few years resulting in impressively consistent return ratios. Inroad into relatively higher business potential locations (outside Kerala) is expected to enhance liability profile and branch productivity. This along with strong asset quality position should drive re-rating of the stock. At current valuation (0.9x FY14E ABV), street is not fully appreciating strong RoE, consistency in return ratios and anticipated improvement in future. We initiate coverage with a Buy.

HDFC _ Status of Warrants exchanged into equity shares

Housing Development Finance Corporation Ltd has informed BSE that this is in continuation to company's disclosures on August 02, 2012, August 13, 2012 and August 17, 2012 wherein Company had informed to exchange that in Terms of Clause 5.2.1 of the Terms and Conditions of the Warrants in the Placement Document dated August 21, 2009, the Warrant holders would be entitled to exercise their right to exchange the Warrants into corresponding number of equity shares, up to 5 p.m. on August 24, 2012 in Mumbai (but in no event thereafter) (Warrant Exercise Period) and consequently, any Warrant not exercised on or before the said Warrant Exercise Period, will lapse and cease to be valid and amounts paid by the Warrant holder in that regard, will stand forfeited. Consequently, such Warrants will be extinguished by the Corporation, and no further claims shall lie against the Corporation after the said date.

Automobiles - Delhi Visit - Centrum


Delhi visit note
Automobile
Eicher Motors, Munjal Showa and Maruti Suzuki
In our recent trip to Delhi, we met the management of Eicher Motors, Munjal Showa and Maruti Suzuki to get recent updates on business developments.  
The following are the key takeaways of the meetings:

Industrials: Strong execution on current backlog but not yet positive on incremental inflows ::Kotak Sec, PDF link


Industrials: Strong execution on current backlog but not yet positive on
incremental inflows
` Strong execution on BHEL projects perceived as risky may lead to near-term
execution surprise
` 12-15 GW bid pipeline visible though finalization uncertain; surprising
dependence on Adani MDO
` CEA outlines 103 GW of under-construction thermal projects versus 64 GW
XII plan target
` Revise execution estimates; retain SELL on likely sedate incremental
ordering and competition

Aviation: Yields are intact in a seasonally weak quarter :: Kotak Sec, PDF link


Aviation: Yields are intact in a seasonally weak quarter
` Yields have been maintained in a seasonally weak 2Q; PLF has taken a
knock
` PLF to improve as domestic capacity is rationalized further
` Yields have been pushed to the limit; costs need to go down for next leg of
growth
` Jet has not been able to gain out of Kingfisher's capacity cuts
` Maintain BUY on SpiceJet and SELL on Jet Airways

Utilities: CAG reiterates concerns on coal block allocations :: Kotak Sec, PDF link


Sector
Utilities: CAG reiterates concerns on coal block allocations
` CAG recommends a more objective system allocation of coal blocks
` From ten trillion to two trillion - reconciling the numbers
` Reliance Power - surplus coal for Chitrangi questioned
` JSPL - extant earnings not impacted, raises question on option value of fuel
security

Banks/Financial Institutions: and report on Economy: Kotak Sec, PDF link


Sector
Banks/Financial Institutions: Stress remains high
Economy
Economy: PMEAC highlights the structural constraints for India

Infosys, Tata Motors, ranbaxy:: Kotak Sec, PDF link


Infosys: Return to reasonable growth may have to wait
Tata Motors: 2013 Range Rover unveiled
Ranbaxy Laboratories: Ranbaxy launches Actos AG

Opto Circuits India ::Event update :ICICI Securities PDF link


ICICI Securities PDF link, Opto Circuits,

Event update

Birla Sun Life Medium Term Plan: HOLD: Business Line,


Repay debts before taking long-term loans: Business Line,


I am 23 years old. My father is a retired employee and my mother is a home-maker. My elder brother is also working. My pay is Rs 3.16 lakh a year. I took an education loan of Rs 2.86 lakh and my EMI is Rs 6,500. But I have been paying only Rs 3,000 due to insufficient funds.
I took a five year personal loan of Rs 2 lakh, with an EMI of Rs 4,758.
Also, I have taken short term loan of Rs 30,000 from my employer. My monthly EMI is Rs 2,500 and it will be repaid by this December. My employer is deducting Rs 15,000 towards a medical policy, which also covers my parents. My EPF contribution is Rs 1,100. My tax for this year will be Rs 10,000. I have an FD for Rs 80,000 with an interest of 10 per cent. I had invested Rs 8,000 in equity. My monthly surplus is Rs 1,500.
My questions are: