Pfizer India - Riding the brandwagon; Initiating with a Buy :: anand rathi,

Pfizer India
Riding the brandwagon; Initiating with a Buy
Continued support from a strong parent and brand equity are Pfizer’s
backbone. Focus on expanding branded generics business in emerging
markets and higher productivity on account of field force addition in
past two years are key growth drivers, going forward. Further, the
company’s strong cash position is sure to give it enough leverage to
grow the inorganic way. Thus, we initiate coverage on Pfizer with a
Buy rating and price target of `1,518.

NSE, Bulk deals, 05-Sep-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
05-Sep-2012	HDIL	Housing Development and I	NIKHIL SECURITIES LIMITED	BUY	23,37,032	70.22	-
05-Sep-2012	HDIL	Housing Development and I	NIKHIL SECURITIES LIMITED	SELL	23,37,032	70.27	-
05-Sep-2012	HOVS	HOV Services Limited	ARJUN RAMESH	SELL	98,634	30.34	-
05-Sep-2012	IFCI	IFCI Ltd.	ADROIT SHARE & STOCK BROKER PVT. LTD.	BUY	52,25,626	24.98	-
05-Sep-2012	IFCI	IFCI Ltd.	ADROIT SHARE & STOCK BROKER PVT. LTD.	SELL	52,25,626	25.00	-
05-Sep-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	BUY	81,89,389	9.68	-
05-Sep-2012	KFA	Kingfisher Airlines Ltd.	TRANSGLOBAL SECURITIES LTD.	SELL	81,95,949	9.69	-
05-Sep-2012	VARDMNPOLY	Vardhman Polytex Limited	INDIA INFOLINE INVESTMENT SERVICES PVT LTD	SELL	93,546	61.33	-
05-Sep-2012	VENKEYS	Venky's (India) Limited	MULTIPLEX CAPITAL LTD.	BUY	61,308	516.02	-
05-Sep-2012	VENKEYS	Venky's (India) Limited	MULTIPLEX CAPITAL LTD.	SELL	61,308	516.57	-
05-Sep-2012	WSTCSTPAPR	West Coast Paper Mills	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	4,36,654	67.85	-
05-Sep-2012	WSTCSTPAPR	West Coast Paper Mills	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	4,36,654	68.19	-

BSE, Bulk deals, 5/9/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
5/9/2012	524412	Aarey Drugs	DEEPIKA JASMIN SHAH	B	95568	37.52
5/9/2012	524412	Aarey Drugs	K R KARTHIKEYAN	B	75000	36.75
5/9/2012	524412	Aarey Drugs	DEEPIKA JASMIN SHAH	S	125000	36.77
5/9/2012	532919	Allied Comp	VENKATESWARA CAPITAL MANAGEMENT LIMITED	B	640901	1.51
5/9/2012	532919	Allied Comp	COASTAL FERTILISERS LIMITED	B	1359100	1.50
5/9/2012	532919	Allied Comp	SANJEEV RAMESH MALHOTRA	B	600000	1.50
5/9/2012	532919	Allied Comp	GODAVARI COMMERCIAL SERVICES PRIVATE LIMITED	S	2200000	1.50
5/9/2012	514332	Anuvin Inds	PREETI CHETWANI	B	50000	9.08
5/9/2012	514332	Anuvin Inds	HEMANT B DESAI	S	76600	9.09
5/9/2012	531192	Associated Fin	SHEKH IKBAL HUSEN	S	30000	33.03
5/9/2012	531358	Choice Intl	SANTOSH DOULAT PASTE	B	50000	40.10
5/9/2012	500093	Crompton Greav	HSBC GLOBAL INVESTMENTS FUNDS A/C MAURITIUS LTD HGIF INDIA EQ	B	8915680	104.01
5/9/2012	500093	Crompton Greav	CLSA (MAURITIUS) LIMITED	S	4623954	104.00
5/9/2012	500093	Crompton Greav	DEUTSCHE SECURITIES MAURITIUS LIMITED	S	3261291	104.00
5/9/2012	533333	Fineotex Chem	SURENDRA DEVIPRASAD TIBREWALA	B	166368	18.50
5/9/2012	533333	Fineotex Chem	DIKSON TRADING & FINANCE COMPANY LIMITED	S	71337	18.50
5/9/2012	533333	Fineotex Chem	ESCORT COMMOTRADE PRIVATE LIMITED	S	80000	18.50
5/9/2012	531137	Gemstone Invest	JINAL APURVA RAWAL	B	588000	17.00
5/9/2012	526598	Gujarat Narm Fly	G F L FINANCIALS INDIA LIMITED	B	35000	42.00
5/9/2012	530853	Hipolin	ANITA RAKESHKUMAR RANKA	B	19011	38.78
5/9/2012	530853	Hipolin	ANITA RAKESHKUMAR RANKA	S	19011	39.22
5/9/2012	532761	HOV Serv	ARJUN RAMESH	S	72691	30.27
5/9/2012	531129	Inani Marbles	VAISHALI CHANDRASHEKHAR KALI	B	16842	406.40
5/9/2012	514312	Jaihind Syn	ARCHANA AMOL MALSANE	B	158700	9.44
5/9/2012	514312	Jaihind Syn	VINOD RAM	S	106030	9.44
5/9/2012	512489	Oasis Sec	RAJESH JOSHI	B	25000	96.51
5/9/2012	512489	Oasis Sec	INDRA KUMAR BAGRI	B	112873	91.00
5/9/2012	512489	Oasis Sec	KAMAL PANNALAL DAMANI	S	10000	95.95
5/9/2012	512489	Oasis Sec	ABHISHEK INDRAKUMAR BAGRI	S	112873	91.00
5/9/2012	512489	Oasis Sec	OAK TANSITON MANAGEMENT PRIVATE LTD.	S	11905	96.60
5/9/2012	511734	Pasupati Fin	PRIYA SHRIVASTAVA	B	25100	15.55
5/9/2012	531855	Prabhav Inds	CHANDIWALA SHARES AND SECURITIES	B	235000	2.97
5/9/2012	530111	Raj Packaging	MADANCHAND PRASANCHAND	B	25452	27.95
5/9/2012	534618	Sangam Advisors	SHATRUNJAYA ESTATES PRIVATE LIMITED	B	48000	22.00
5/9/2012	531898	Sanguine Media	VENKATESWARA CAPITAL MANAGEMENT LIMITED	B	1000000	2.50
5/9/2012	531898	Sanguine Media	GODAVARI COMMERCIAL SERVICES PRIVATE LIMITED	S	1500000	2.50
5/9/2012	511433	SDFC Finance	STARDOM TRADING COMPANY PVT LTD	B	50000	18.68
5/9/2012	531695	SHREYCHEM	PRAVINBHAI NANJIBHAI RUPARELIA	B	52245	71.01
5/9/2012	530289	SP Capital	SAVITRIDEVI JAIPRAKASH AGARWAL	S	42613	105.72
5/9/2012	530611	Sturdy Inds	SAURABH PORTFOLIOS PVT LTD	B	679249	2.94
5/9/2012	530611	Sturdy Inds	SHIVAM DEEPAK JAIN	S	679249	2.94
5/9/2012	531295	Sunlake Resorts	SAVITRIDEVI JAIPRAKASH AGARWAL	B	47400	2.88
5/9/2012	526139	Transgene Bio	BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED	B	504530	11.16
5/9/2012	526139	Transgene Bio	BLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITED	S	504530	11.01
5/9/2012	590111	VAISHNAVI	PINKY BHANDARI	B	163816	6.29
5/9/2012	522233	VHCL Inds	SHASHIKANT GORDHANDAS BADANI	B	256600	24.55
5/9/2012	522233	VHCL Inds	JAGRUTI ANANTRAI MEHTA	S	175335	24.59
5/9/2012	500444	West Coast Paper	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	436434	68.25
5/9/2012	500444	West Coast Paper	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	436434	67.95
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

US national debt crosses $16 trillion :rediff

The US national debt crossed all time high of $16 trillion on the day the Democratic Party kicked off its three-day convention, during which President Barack Obama would accept nomination to seek presidential reelection in November.

Republicans immediately pounced on the new debt figure to push their candidate Mitt Romney to the White House.

"This is a serious threat to our economy. Of all the broken promises from President Obama, this is probably the worst one because this debt is threatening jobs today.

"It is threatening prosperity today, and it is guaranteeing that our children and grandchildren get a diminished future," Paul Ryan, the Republican vice-presidential candidate, said immediately afterwards at a campaign speech in Iowa.

The just concluded Republican National Convention had a debt clock.

Petrol, diesel, kerosene and cooking gas price hike after September 7: Oil ministry in Economic Times,

The oil ministry has proposed to the cabinet that diesel, cooking gas and kerosene prices should be raised immediately after Sept 7 when the monsoon session of parliament ends that may also see a hike in petrol prices, a senior official in the ministry said. "A sense of urgency (to raise fuel prices) is felt by everybody right from the prime minister," the official told reporters.

FII DERIVATIVES STATISTICS FOR 05-Sep-2012

FII DERIVATIVES STATISTICS FOR 05-Sep-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	51176	1324.95	70121	1712.36	382434	9833.63	-387.42
INDEX OPTIONS	294764	7701.40	273766	7189.41	1473454	38432.19	511.99
STOCK FUTURES	40646	1047.36	62491	1561.05	944294	24179.91	-513.69
STOCK OPTIONS	27224	708.12	30039	784.64	40670	1067.47	-76.52
						Total	-465.64

 

-- 

FII & DII trading activity across NSE and BSE 05-09-2012

	Buy	Sell	Net
	Value	Value	Value
FII	2135.61	2324.26	-188.65
DII	910.44	1076.72	-166.28

 

 

-- 

Edelweiss Technical Reflection (ETR) - Sept 5, 2012-EDEL

Edelweiss Technical Reflection (ETR)

Strong buying in the second half of the session helped a rather lethargic session perk up the benchmark index that closed with gains of 0.40% at 5274. Earlier in the day, the index opened marginally lower to register a minor lower low of 5233 and it seemed will close the ‘bullish gap’ at 5220, however on European markets ticking up, a round of covering helped indices climb above the 21-hour EMA resistance and close near the highs of the day. Nifty has maintained its head above the 50-day EMA as well as the falling trend line from the February to July peaks. Volumes were on the lower side, but the breadth improved strongly in favor of advances indicative of wide scale covering in the broader markets. Volatility dived down to 16.59 from 17.28 and should stay suppressed in the immediate near-term. Momentum oscillators that had given a buy crossover on hourly charts from an oversold state are on course to testing the neutral zero line, suggesting further headroom for prices. The rebound rally of the decline from 5449 to 5233 seems to be on course that has potential to test 5315 / 5340 levels where weakness is likely to resume. On the downside, 5200 remains an immediate support.


Sectorally, the high beta sectors were amongst the gainers and the defensives like IT (-0.05%), Healthcare (-0.04%) and FMCG (+0.20%) ended flat. Leading indices of the day were Realty (+1.59%), Oil & Gas (+1.19%) and Power (+0.92%). Outperformance of the broader market indices over the frontline benchmark continues with gains of 0.53% for the Mid-cap index and 0.39% for the Small-cap index.


Bullish Setups: INFO, TCS, RIL, BIOS, APNT, GDSP,
Bearish Setups: CNXBANK, LT, HNDL, ONGC, IDFC, HDFCB

Stocks in News :5 Sept: Edelweiss

 Stocks in News

HC orders Deccan Chronicle not to sell, lease Mumbai property (ET)
CAG criticizes GAIL for cheap gas supply (ET)
Kingfisher Airlines’ Auditor raises losses to INR 34.44bn from 23.28bn (ET)
NTPC awaits Arunachal Govt nod for INR 1000 bn project (ET)
Finmin may raise loan limit on FCNR deposits (ET)
Steel cos seen cutting prices from Thursday (DNA)
IL&FS moves court over Satyam-TechMa merger (DNA)
Iran, Sudan may affect ONGC’s US plans (DNA)
Shriram City Union to raise INR 5-bn (MINT)
BP to help Reliance Industries raise KG-D6 output (MINT)
Indian Oil to invest INR 500 bn in refining expansion (BS)
CBI action after CAG audit on coal (BS)
Lakshmi Vilas bank to raise INR 5bn for growth momentum (BS)
GMR Infra to raise upto INR 40bn (BS)

Dabur - Scaling to grow; company update; Buy :Edelweiss, PDF link

Dabur (DABUR IN, INR 125, Buy)

Dabur’s renewed aggression in ad spend, focus on innovation (we expect new launches to pick pace in H2FY13), and doubling of direct rural reach enthuse us. We expect these factors to trigger double digit volume growth over coming quarters. Shampoo margin is likely to expand as promotional expenses in the space have reduced, though monsoon deficit could increase raw material costs. Dabur recently earned the distinction of being the only Indian company to make it to ‘WWD Beauty Inc.'s Top 100 2012’ (ranked 53^rd, up nine places YoY). Maintain ‘BUY’.

Understanding bonus debentures ::Business Line

As bonus debentures are issued from accumulated profits of the company, they have no impact on the reported profits.

As an equity investor you may also be entitled to regular interest payments. Wondering how? Welcome to the concept of bonus debentures.

Companies usually reward shareholders by sharing a portion of the profits with them.

Cash dividends or bonus share issues are widely used as rewards. While dividend payments mean cash receipt for investors, bonus issues usually mean free shares credited to your demat account. Like bonus shares, companies have the option to issue bonus debentures to shareholders too. Hindustan Unilever was the first company to issue them in 2001.

‘Quant investing is actually very transparent’ ::Estee Advisors in Business Line

Quant investing is nothing magical. It is simply saying that every decision that you make has to be systematic. We look at the same factors that a fundamental analyst does. It is only that we are very precise about what and how we will look at it.

Quantitative investing simply takes the emotions out of buy or sell decisions. You may use fundamental or technical factors. You may trade for the short or long-term, but the trades are based on fixed, logical criteria, explains Sandeep Tyagi, founder of Estee Advisors. Making its debut in August 2008, Estee Advisors was one of the earliest portfolio managers in India to offer quantitative trading and algo trading to investors. Excerpts from an interview:

Cautious outlook; aggressive capex -Nestle:: Motilal Oswal

Cautious outlook; aggressive capex
Long-term prospects and positives priced in
We attended the Analyst Meet of Nestle India where management vigorously
defended its current strategy of balancing growth v/s margins and reiterated
that Nestle will not sacrifice margins for chasing volume growth.
Key takeaways
 Management continues to maintain its cautious stance due to the weak
macroeconomic environment. It had been cautious for a long time, and now
it is “more cautious”.
 Nestle will try to balance volumes and profitability and not chase volumes at
the cost of margins. Its volume growth in the past 4-5 quarters has been dismal.
 Management emphasized on the Real Internal Growth (RIG i.e. growth in
sales at previous year’s prices) which captures the impact of volume as well
as price mix. RIG for all the categories is higher than reported volume growth
as shown in the chart below.