FII DERIVATIVES STATISTICS FOR 14-Dec-2012

FII DERIVATIVES STATISTICS FOR 14-Dec-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	29470	878.03	34240	1012.16	415990	12153.42	-134.12
INDEX OPTIONS	422211	12432.57	422016	12417.47	1579794	46510.05	15.10
STOCK FUTURES	45074	1288.46	44847	1310.29	1157357	33354.96	-21.83
STOCK OPTIONS	55583	1577.30	55397	1568.25	73866	2040.93	9.04
						Total	-131.81

 

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FII & DII trading activity on NSE and BSE 14-12-2012

Category		Buy	Sell	Net
		Value	Value	Value
FII		2666.6	2092.22	574.38
DII		888.98	1401.41	-512.43

 

 

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Grey market premium, NCD, IPO:: Dec 14

IPO	Opening Dt	Closing Dt	Band	Retail Discount	Grey Market Premium
Rural Electrification (REC) NCD	3-Dec-12	10-Dec-12	1000	0	100
CARE	7-Dec-12	11-Dec-12	700 - 750	0	240
PC Jeweller Limited	10-Dec-12	12-Dec-12	125 - 135	5	20
BHARTI INFRATEL LIMITED	11-Dec-12	14-Dec-12	210 - 240	10	Discount
PFC NCD	14-Dec-12	21-Dec-12	210 - 240	0	80
IIFCL NCD	26-Dec-12	11-Jan-13	1000	0	85

Himatsingka Seide Ltd. (HSL) :: Nirmal Bang

Valuation & Recommendation
Himatsingka Siede Ltd. (HSL) profitability got impacted in the last four years on
account of delay in commissioning of new bed linen business at Hassan SEZ,
acquisition of 80% stake in Divatex Home Fashions Inc., New York, in July 2007
(distribution company) at peak time, slow down in US economy, volatility in
raw-material prices (raw silk and cotton) and long open derivative contracts.
To combat the crisis, the company had introduced product mix changes,
addition of new customers, enhancing focus on the brands, launching value
added products and higher capacity utilization will lead growth in the sales and
improvement in margins. The last leg of derivative contract also got closed in
August 2012 which we believe will result into the stable financials going
forward. The improvement in drapery and upholstery capacity utilization and
improvement in distribution business will be the key driver of improvement in
margin. We initiate coverage with a ‘BUY’ recommendation and a target of Rs.
54 per share (10xPE FY14E), an upside of 32%.

Finolex Cables: Strong Brand Equity:: Sushil Research

STRENGTH: Strong Brand Equity, Vast Distribution Network, Healthy Balance Sheet, Strong Operating Cash-Flows
WEAKNESS: Dependency on Govt. Reforms in Power & Telecom Sector
OPPORTUNITIES: Diverse End-user Industries, Turnaround of New Ventures (CFL & Switches)
THREAT: Increasing Competition from Unorganized Players, Volatility in Copper Prices & Currency.

Fortis Healthcare Ltd (FHL),-Valuation discount set to narrow:: Enam

Fortis Healthcare Ltd (FHL), the only other listed healthcare
services play in India, is available at a steep discount –
12x FY14E EV/EBIDTA vs. average 15x FY14E EV/EBIDTA
for Asian peers
􀂄Substantial discount to peers is due to
􀂉 High debt incurred on account of rapid expansion in the
last 5 years
􀂄Critical scale achieved. Benefits to accrue from
􀂉 De-leveraging
􀂉 Slowing capex intensity
􀂄We believe the valuation discount is set to narrow led by
(1) debt equity of 1x in FY14E from 1.6x in FY12 due to Rs
20 bn raised by transferring clinical establishments to
Religare Health Trust (RHT) and (2) lower capex intensity
as future bed additions in India will be based on asset light
model
􀂄We initiate coverage with BUY rating and DCF-based
target price of Rs 152 (implies 14x FY14E EV/EBIDTA) --
39% upside potential from CMP of Rs 109

Factor in long-term capital gains while selling your property :: Business Line

I am 45 years old and my salary is Rs 90,000. I will retire at 60. My dependents are my wife, daughters and my parents.

I own a flat worth Rs 40 lakh and it is let out for Rs 10,000 a month. I have recently purchased another flat for Rs 90 lakh with a home loan of Rs 30 lakh. After this purchase I am left with Rs 3 lakh in direct equity and mutual funds.

My monthly expenditure is Rs 40, 000. Besides, I pay an EMI of Rs 33,000 . I investRs 15, 000 in an RD . I save Rs 12,000 through SIPs in mutual funds.

I need Rs 10 lakh and Rs 15 lakh for my daughters’ wedding expenses in 2017 and 2022 respectively. I have accumulated sufficient gold for both of them. For my retirement I wish to accumulate Rs 50 lakh. My retirement benefits will be Rs 50 lakh. Is it advisable to sell the first flat and invest the proceeds in equity and mutual funds?

— Sridhar

Eicher Motor, At inflection point:: Motilal Oswal

At inflection point
Multiple growth drivers in place
 With several of its projects to commence in CY13-14, driving 28% sales CAGR and 34%
EBITDA CAGR over CY12-15, Eicher Motors (EIM) is at an inflection point.
 Its motorcycle business will benefit from capacity expansion (new plant to start in
1QCY13), new launches (Thunderbird 500 and Café Racer), and network expansion.
 CV subsidiary, Volvo Eicher Commercial Vehicles (VECV), will benefit from the
commencement of the Medium Duty Engine Project (MDEP) and ramp-up in HCVs.
 Buy with a target price of INR3,850, 45% upside over two years. EIM's strong balance
sheet (net cash increasing to INR16.9b by CY15E) limits downside risk, in our view.

Bhari Infratel IPO closes today; 1.21x Oversubscribe till yesterday close

Bharti Infratel Limited
Sr.No.	Category	No.of shares offered/reserved	No. of shares bid for	No. of times of total meant for the category
1	Qualified Institutional Buyers (QIBs)	66115000	187928700	2.84
1(a)	Foreign Institutional Investors (FIIs)		180232300
1(b)	Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)		3348600
1(c)	Mutual Funds		4347800
1(d)	Others		0
2	Non Institutional Investors	28335000	2730200	0.10
2(a)	Corporates		2619900
2(b)	Individuals (Other than RIIs)		93100
2(c)	Others		17200
3	Retail Individual Investors (RIIs)	66115000	3943400	0.06
3(a)	Cut Off		3281000
3(b)	Price Bids		662400
	Total	160565000	194602300	1.21
Updated as on 13 Dec 2012 at 1700 hrs

SGX Nifty: 5,888.00 +9.00; Markets open up today

SGX Nifty: 5,888.00 +9.00;
8:50 AM India time
14 Dec 12
Markets open up today