06 September 2012

Dividend yield stocks - September 2012 - Edel


High dividend yield stocks offer a safe haven to investors where safety has greater priority compared to high returns. Hence, even if the market remains volatile, going ahead, an investor can still get a decent return on investment, thanks to good dividend yielding stocks. The dividends are paid no matter what direction the stocks move and can provide a higher yield on investment in a weak market.
 Stock return (%)
Company NameIdirect codeEx Dividend  DateDividend (%)Face Value (Rs)Dividend yield   (%)Dividend Per   Share (Rs)CMP (Rs)                  (01/08/2012) 1 month3 month
Tamil Nadu Newsprint & PaperTAMNEW12/9/201250104.45.001141.216.3
Munjal Auto IndustriesGUJCYC13/9/201210024.42.0045.65-11.4-20.0
Gujarat Industries Power CompanyGUJIP7/9/201225103.62.5068.66.711.4
Neyveli LigniteNEYLIG30/08/201228103.42.8082.31.115.9
H P C LHINPET30/08/201285102.78.5316.45-5.15.3
Electrosteel CastingsELECAS30/08/20125012.70.518.73.6-2.9
Titagarh WagonsTITWAG6/9/201280102.68.0305.351.1-0.1
PTC IndiaPOWTRA12/9/201215102.61.557.13.65.6
Mangalore Chemicals & FertilizersMANCHE18/09/201212102.61.246.050.915.1
HEGHEG7/9/201250102.55.0203.75-1.3-1.9
Indian Oil CorporationINDOIL5/9/201250102.05.0248.4-4.8-6.4
IDBI BankIDBI31/08/201215101.81.584.2-1.1-3.2
Unichem LaboratoriesUNILAB13/09/201215021.83.00170.714.329.7
Navneet PublicationsNAVPUB20/09/20124021.50.853.55-4.50.2
 

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Public issue of AA rated "Shriram City Union Finance Ltd" NCDs 11.75% p.a


I am pleased to share an opportunity to invest in the Public Issue of Non-Convertible Debentures (NCDs) by Shriram City Union Finance Ltd. The bonds carry additional coupon rates for individual applicants and have been rated ‘AA’ by CARE and ‘AA-’ by CRISIL. Instruments with these ratings carry high degree of safety regarding timely servicing of financial obligations and carry low credit risk. The issue opens on Sep 12, 2012 and closes on Sep 26, 2012 but the allotment will be on “first come first serve”basis. Please find the details below:

Features of the Issue:

Options
I
II
III
IV
Frequency of Interest Payment
Annual
Annual
Cumulative
Cumulative
Face Value or Issue Price / NCD
1000
1000
1000
1000
Coupon Rate (%)
11.50%
11.75%
NA
NA
Tenor
3 Yrs
5 Yrs
3 Yrs
5 Yrs
Redemption Value per Rs. 1000
1000
1000
1386.20
1743.20

Special Features:

·         Retail applicants can apply in Physical mode as well as Demat mode.
·         Rated ‘AA’ by CARE & ‘AA-’ by CRISIL.

Company Profile:

Shriram City Union Finance was established in 1986 and is part of the three decade old, Chennai based Shriram Group. As a deposit accepting NBFC registered with RBI, Shriram City is today India’s premier financial services company, specializing in retail finance. The company has a comprehensive range of offerings comprising financing for two wheelers, three wheelers, four wheeler finance, personal finance, small business loans and loan against gold. Shriram City is the only NBFC offering a wide product range under one roof. With over 1000 business outlets across the country, Shriram City enjoys a high credit rating as well as listing on BSE & NSE.

Shriram City is the retail finance vehicle of the Shriram group and benefits from access to the group’s established branch infrastructure, customer base, management, systems and processes, and investor base. The Shriram group has been in the financing business for over three decades, with a strong market position in commercial vehicle finance, retail finance, and chit fund businesses. The group’s brand image in the retail investor segment enables Shriram City to source adequate retail funding to meet its growth requirements.

Financial Highlights:

For FY2012, Shriram City reported a Total Income of Rs.2,056 Cr with Net Profits of Rs.343 Cr. Over FY2007-12, the company’s earnings (EPS) has demonstrated an impressive annualised growth rate (CAGR) of 33%. The Assets Under Management (AUM) rose nearly 68% from Rs.7,998 Cr in FY2011 to Rs.13,431 Cr in FY2012. The growth has been without any compromise on the asset quality. The company also reported a Capital Adequacy Ratio (CAR) of 17.40%  and Net Non-Performing Assets (NPAs) of just 0.38% in FY12.


This issue is opening on 12th Sep, 2012 & allotment will be on “First Come First Serve” basis.


FII DERIVATIVES STATISTICS FOR 06-Sep-2012

FII DERIVATIVES STATISTICS FOR 06-Sep-2012 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES431931122.90565141419.153625579262.58-296.25
INDEX OPTIONS3145578110.323213638329.70154286640340.99-219.37
STOCK FUTURES395051027.1734143888.1094881624357.77139.07
STOCK OPTIONS30189799.0330867808.55464921219.19-9.53
      Total-386.08


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FII & DII trading activity across NSE and BSE 06-09-2012

CategoryBuySellNet
ValueValueValue
FII
1845.81
1679.23166.58
DII
887.06
920.82-33.76

 
 

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Eagle Eye (equities) [For September 06, 2012] Sharekhan

Eagle Eye (equities)
[For September 06, 2012]
 Summary of Contents
 

MosT - Technicals- 6 Sept



View-Point:
- Lack-luster cues from Asian peers will see native markets trading in a range with an eye on outcome from impending ECB meet


Buy Divis Labs (DIVI IN)
- Company is entering a high growth phase led by increased customer order-flow for CRAMS business and launch of new APIs in generics business. We expect 24% topline and 25% EPS CAGR for FY12-14.
- Despite conservative approach on capital allocation, targeting a fresh capex of Rs. 1.5-2bn for FY13 reflects management confidence in future growth.
-Co. earns strong margins due to its global cost and market leadership in some APIs (global market share of 50-70%), pricing power and strong backward integration.
- We estimate 36-37% RoCE and 29% RoE for the next two years, led by traction in the high-margin CRAMS business, sustained profitability in the Generics business and increased contribution from the new SEZ
- The stock trades at 21.7x FY13E and 18x FY14E earnings. Reiterate Buy with target of Rs. 1,253 (20x FY14E EPS).

News:
- SBI cut interest rates on deposits by as much as 100 basis points across maturities to maintain profitability after lowering lending rates recently.
- Jindal Steel and Power has bought CIC Energy Corp of Canada for Rs 6.50bn. Deal was concluded through Jindal BVI Ltd, a subsidiary of JSPL, which will now be merged with CIC and de-listed from the Canadian stock exchange in a month’s time.
- As per media report, Videcon Indust. is considering selling its 10% stake in Mozambique’s Rovuma basin for $3bn, scrapping an earlier plan to transport gas from Mozambique to India.
- As per media report, US based International Paper is in talks to buy West Coast Paper in a deal likely to be valued at Rs. 8-12bn.

Derivatives:
- Nifty Futures OI decreased by 0.1m shs to 20m shs. Nifty Sep futures settled at a premium of 28 as against a premium of 25 in the previous session.
- Banking Stocks: Axis Bank has witnessed delivery of 3.1m shs (10d-avg 1m shs) along with 12% rise in Fut OI to 7m shs and ICICI Bank has witnessed delivery of 3.9m shs (10d-avg 1.7m shs) along with 4% rise in Fut OI to 8.6m shs indicating creation of short positions.
- In Sep series for Nifty, Highest Call OI is at 5500 strike with 7.3m shs up 1m shs and highest Put OI is at 5200 strike with 6.9m shs up 0.3m shs.

Corporate Actions:
- BEML (Rs.5), BHEL (Rs.3.68), Coal India (Re.0.50), NTPC (Re.0.50), Oil India (Rs.5), Sintex India (Re.0.65) and Titagrah Wagon (Rs.8) to trade ex-dividend today.

Key Statistics:
Market                       Sensex 17,313 down 127 & Nifty 5,226 down 48
Advance:Decline     1235 : 1558
F&O data     (5th)     Index Rs. (3.87)bn & Stock Rs (5.14)bn
Cash   (Prov 5th)     FIIs Rs (1.89)bn & DIIs Rs. (1.66)bn
Cash           (4th)      FIIs Rs. 3.03bn & MFs Rs. (0.64)b           
Others                       Brent Oil $113.09 v 114.18 & INR 55.91 v 55.66


Gold crosses Rs 32,000-mark for the first time ::ET

Gold on Thursday crossed the coveted Rs 32,000-mark for the first time in the national capital, driven by increased buying by stockists ahead of the marriage season amid a firming global trend. The precious metal gained Rs 320 to Rs 32,300 per 10 grams. It has gained by Rs 1,555 per 10 grams in the last two weeks. Bullion merchants said the trading sentiment also bolstered as gold climbed in international markets on speculation the European Central Bank will announce unlimited purchases of government bonds to defuse the euro-zone debt crisis, increasing demand for bullion as an alternate investment.

ECB unveils bond-buying program to fight crisis:: ET




The European Central Bank agreed a new bond-buying programme on Thursday to lower struggling euro zone countries' borrowing costs which would serve as a "fully effective backstop", ECB President Mario Draghi said on Thursday.


ECB Plan Sparks a Blue Chip Rally; S&P at 4-Year High:: Yahoo

Stocks are rallying sharply Thursday in response to the latest iteration of a European Central Bank rescue plan. As laid out by ECB president Mario Draghi, the central bank will begin purchasing the bonds of member nations on the condition that the countries submit to outside fiscal oversight. Dubbed "Outright Monetary Transactions", or OMT, the program would be transparent, strictly conditional and designed specifically to reduce catastrophic meltdowns caused by spiking yields. To which market bears are saying "so what?" OMT is just another program by another central bank. It's a promise to do something without actually doing it, much in the manner of Quantitative Easing 3 in the U.S. As skeptics see it, this is barely worth discussion let alone cause to take the S&P500 to 52-week highs. The bearish thesis runs into trouble with any improvement in the ECB. Earnings in the U.S. are slumping in no small part due to global economic weakness. Even with China slowing precipitously, simply slowing the rate of decline in the European economy would be enough to raise the earnings outlook for the vast majority of corporate America. Today's market move is not simply bears getting shaken out of positions. Stocks are moving higher because investors on the sidelines are rushing into the market. Buying is across the board with old school blue chips like Disney (DIS) and Smuckers (SJM) pushing to all-time highs, and Hershey (HSY) nearly there. No one got caught short a jelly company. Hedge funds haven't been leaning against chocolate and Avengers. This is actual organic buying by slow-moving participants. Tomorrow is promised to no one. A weak Non-Farm Payroll number in the morning could unwind a good chunk of these gains in an instant. That said, shorting stocks on the dark hope that things will get worse than they already are is a horrific investment thesis. Mario Draghi and the ECB sparked a rally that's picking up steam as of midday. Shoot against it at your peril.

BSE, Bulk deals, 6/9/2012

Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
6/9/2012524412Aarey DrugsMUKESH BHOGIBHAI DARJIB8819139.15
6/9/2012524412Aarey DrugsMUKESH BHOGIBHAI DARJIS9515536.97
6/9/2012532919Allied CompACACIO TRADELINK PRIVATE LIMITEDS6700001.50
6/9/2012514332Anuvin IndsMUKESH RAGHUMAL CHETWANIB500008.90
6/9/2012514332Anuvin IndsHEMANT B DESAIS500008.90
6/9/2012531192Associated FinKASHMIR ARTSB3000034.50
6/9/2012531192Associated FinSHEKH IKBAL HUSENS3850034.50
6/9/2012511672Clarus FinanceBLUE CIRCLE SERVICES LIMITEDB10000048.33
6/9/2012511636DJS StockBHARTI NARENDRA BAHUVAB25011160.16
6/9/2012511636DJS StockMUKESH D MAHETALIAB2895160.13
6/9/2012511636DJS StockLUNKAD TEXTILES PVT LTD .B5000060.44
6/9/2012511636DJS StockNARENDRA JADAVJIBHAI PATELB5886260.40
6/9/2012511636DJS StockORION STOCKS LTDB7564860.09
6/9/2012511636DJS StockHEMAL MADHUSUDAN PATELB15117660.08
6/9/2012511636DJS StockHEMAL MADHUSUDAN PATELS15117660.15
6/9/2012511636DJS StockORION STOCKS LTDS7564860.20
6/9/2012511636DJS StockTAK MACHINERY AND LEASING LTDS4110060.00
6/9/2012511636DJS StockACUTE CONSULTANCY LIMITEDS4864060.22
6/9/2012511636DJS StockASHOK MULJIBHAI PATELS2824160.05
6/9/2012511636DJS StockBHARTI NARENDRA BAHUVAS25011160.10
6/9/2012511636DJS StockMUKESH D MAHETALIAS2895160.08
6/9/2012531820Finalysis CredSAGAR KADAMB2800036.49
6/9/2012531137Gemstone InvestJINAL APURVA RAWALB40000016.90
6/9/2012526598Gujarat Narm FlySTARDOM TRADING COMPANY PVT LTDB4914043.00
6/9/2012526598Gujarat Narm FlyCHIRAG DINESHKUMAR SHAHB4550043.66
6/9/2012532761HOV ServCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB16967833.93
6/9/2012532761HOV ServCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS16967834.18
6/9/2012511609ISL ConsultingPRANAV JAYANTILAL THAKKARS1612912.49
6/9/2012590074Ortin Lab-$B M TRADERSB2500019.61
6/9/2012590074Ortin Lab-$RAJESH GAURISHANKAR PODDARB3411319.69
6/9/2012590074Ortin Lab-$PRADIP RADHAKISAN JAIPURIAS4000919.72
6/9/2012511734Pasupati FinBIPASA GHOSHB2450015.32
6/9/2012511734Pasupati FinCHARISHMA ENGINEERING LIMITEDS2500015.33
6/9/2012511754Shalibhadra FinHINABEN ROMESHBHAI SHAHB3200062.44
6/9/2012511754Shalibhadra FinSANJAY BABULAL PANDYAB3300062.40
6/9/2012511754Shalibhadra FinSANJAY BABULAL PANDYAS3300062.44
6/9/2012511754Shalibhadra FinSHAH ANILBHAI NAGINLALS3200062.40
6/9/2012531295Sunlake ResortsSAVITRIDEVI JAIPRAKASH AGARWALB943003.02
6/9/2012531295Sunlake ResortsDHAVAL A SHAHS666003.02
6/9/2012590093TRIMURTHI DRSHAILESHBHAI CHHAGANBHAI CHAVDAB3500018.39
6/9/2012590093TRIMURTHI DRPRAFULCHANDRA GORDHANDAS ZAVERIB7800018.44
6/9/2012590093TRIMURTHI DRPRAFULCHANDRA GORDHANDAS ZAVERIS4582118.38
6/9/2012590093TRIMURTHI DRSHAILESHBHAI CHHAGANBHAI CHAVDAS3500018.42
6/9/2012531874Venus Power VenturesBALDEEP SINGHB1250008.45
6/9/2012531874Venus Power VenturesRUSHABH FINANCE (PARTNERSHIP FIRM)B1000009.26
6/9/2012531874Venus Power VenturesPRASHANT MAHADEV KAMBLEB1311708.45
6/9/2012531874Venus Power VenturesVADLAMUDI SRIKRISHNAS1000008.45
6/9/2012531874Venus Power VenturesPRASHANT MAHADEV KAMBLES1311709.05
6/9/2012531874Venus Power VenturesRUSHABH FINANCE (PARTNERSHIP FIRM)S1450008.45
6/9/2012531874Venus Power VenturesDHANA ENERGY PRIVATE LIMITEDS1070008.92
6/9/2012500444West Coast PaperCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB135162366.64
6/9/2012500444West Coast PaperMARWADI SHARES AND FINANCE LIMITEDB34121166.72
6/9/2012500444West Coast PaperCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS135062366.81
6/9/2012500444West Coast PaperMARWADI SHARES AND FINANCE LIMITEDS34121166.81
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price