INDIABULLS POWER IPO Price Listing Date IPO Status

INDIABULLS POWER IPO Price Listing Date IPO Status
Indiabulls Power is entering the capital market on 12th October 09, with a public issue of 33.98 crores equity shares of Rs. 10 each, in the price band of Rs. 40 to Rs. 45 per share.
Recent power IPOs have not been very good, like NHPC - still on Rs.33 and Adani Power still at 101,

What are plans from INDIABULLS POWER IPO
has plans of setting up 6,600 MW Power Plants,operational by March 2012,
All the projects has seen financial closure and equity tie up, for its with total capacity,

not advised to subscribe to the shares, beyond Rs. 40, especially for retail investors, it is necessary to be cautious,

in view of Adani Power and NHPC, now available at much better valuations, then this company.

sscresults at results.sakshi of AP 10th Results 2009

Andhra Pradesh State Board SSC Results 2009 announced today (27-May-09) by 10.45 am. There is lot of rush for those sites, Results will be available on the following sites: I have tried to give direct links for results, good luck to students.

Results direct links from manabadi ssc
SSC results on SMS from manabadi

1. results.manabadi.co.in
2. Indiaresults
3. Bharat student

Results direct links from results.sakshi.com

1. AP SSC REGULAR results 09 results.sakshi.com/textfile/R_PRES91.TXT
2. AP SSC PRIVATE Results results.sakshi.com/textfile/P_PRES9.txt
3. AP OSSC REGULAR results results.sakshi.com/textfile/OS_PRES92.txt
4. AP OSSC PRIVATE results results.sakshi.com/textfile/OS_PRES92.txt

Sakshi Results
Sakshi Results. Ceep 2009 Results · Inter Second Year 2009 Results · Inter First Year 2009 Results. results.sakshi.com

Results direct links from vidyavision.com

1. Andhra Pradesh SSC 2009 Results (General)
2. Andhra Pradesh SSC 2009 Results (Vocational)

Andhra Pradesh Examination Results-Vidyavision.com

Vidyavision.com provides you Andhra Pradesh examination results like SSC Results , Inter Results, MCA Results, ICET Results, MBA Results, EAMCET Results, ...

www.vidyavision.com

Related

• AP SSC results on SMS
• AP results links

related
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Noida Toll Bridge Good Share To Hold On

Noida Toll Bridge advised to hold and even buying can be made at the current levels with 6 months view check out why. Noida Toll Bridge had posted better results for year ending 31st March 09 with total income at Rs.79.21 crores against Rs.66.39 crores of FY 08. PBT improved to Rs.39.86 crores against Rs.31.78 crores.
Average daily traffic in FY 09 rose to 99,734 vehicles against 84,261 vehicles in FY 08, registering a growth of 18%. Since, the company collects toll from each vehicle, its income for the year also rose by 19% in FY 09. Average traffic on Mayur Vihar Link, for FY 09, was at 12,350 vehicles per day while it was at 13,632 vehicles in March 09, quarter, showing a case of rising trend of vehicles using it.
PAT of the company, for FY 09 is placed at Rs.33.69 crores (Rs.27.98 crores) resulting in an EPS of Re.1.81 for FY 09. The company adopted guidance note on “Accounting for Service Concession Agreement” issued by ICAI, whereby, Delhi Noida Link Bridge, which was earlier shown as fixed assets, is now shown as intangible asset w.e.f. 01-04-08. Intangible asset is shown at cost, being fair value of construction services. Due to this change, depreciation for FY 09 is lower by Rs.4.97 crores, thus increasing profit to that extent. Earlier, when it was taken as fixed assets, depreciation was provided on straight line method taking life of 62 years, but now, estimated useful life of bridge has been considered as 100 years and intangible assets is amortized over the same life.
Apart from this, the income flow of the company will come from development rights of 235 acres of land, of which, 200 acres are at Noida side while 35 acres at South Delhi side.
Share now ruling at Rs.27 translates into a market capitalization of just Rs.500 crores and even considering debt, the enterprise value works out to, less than Rs.700 crores. Once, the company is able to get clearance of land development, this shows that we will see good rise in share price from Rs.27. Advised to hold and even buying can be made at the current levels with 6 months view. thanks

Rolta India March 09 Results Analysis

Rolta India posted its financial results for the third quarter ending March 09,
Rs.84.01 crores, forex losses on FCCB of $ 150 million,
Forex losses, upto June 08, have been adjusted against opening revenue reserve. As this loss will get capitalized in case it is used for fixed assets or would get amortized over a period, other expenses for the quarter rose by Rs.11.87 crores, due to this. So net addition to the bottomline for the quarter is at Rs.72.14 crores.
For quarter, total income is placed at Rs.244.68 crores, which is almost equal to its preceding two quarters.

EPS for March 09 quarter is at Rs.9.90 while it is at Rs.16.50 for nine months ending March 09. Hence on expected EPS of Rs.22 for the year, share at Rs.100 is fully priced. thanks

UPPER GANGES KK Birla Group Company Sugar Stock

Upper Ganges, a KK Birla Group company, is the first sugar company having declared its results for the quarter ending March 09. The noteworthy feature about these results are increase in stock of Rs.83.32 crore for the quarter and Rs.25.46 crores for 9 months ending 31-03-09. This means, opening stock of inventory of Rs.215 crores, held by the company as at 01-07-08, largely being sugar, got increased to Rs.240 crores as at 31-03-09. Due to inventory being valued at cost or market price, whichever is lower, there is decrease in quantity of sugar stock held in this period , due to higher cost of production of sugar in this season.
During March 09 quarter, sugar got sold at an average of Rs.2,075 per quintal, while now it is ruling at Rs.2,400 per quintal. So, this increase of 15% would get reflected and realized in the coming quarters on sale of inventory held as at 31-03-09.
one can say that cost of production of sugar is fully met from realization of its by-products. Hence hereon, margin from sugar can be calculated by difference between sugar-cane price and sugar realization.
The company has stopped crushing and in subsequent two quarters, the company will have its income by selling its inventory. In view of sharp realization in sugar, it will have better margins that would get reflected in its financial results. thanks

SATYAM Bidding process News Satyam Share price

SATYAM STAKE SALE Bidding process will be received by 10 a.m. on 13th April and would be opened on that day itself. Since market is closed on 14th April,
Who are final bidders for Satyam?
As of date, there are 4 serious bidders in the fray and they are L&T, Tech Mahindra, Cognizant Technologies and P E Firm W L Ross.
Earlier, iGate, Hinduja Group and B K Modi controlled Spice Group opted out of the race, though, Spice Group maintains that it could re-enter the bidding, if its conditions for an open auction and transparent process are met.
There has been speculation that IBM has pulled out of the race, on fears of 13 US Class Action Suits, filed against Satyam in courts by ADR holders.

What will be the expected Satyam Share price after bidding?
Satyam is owning close to 75 lakh Sq.Feet of constructed area across the globe.
The present value of all these real estates is pegged at close to Rs. 4,000 crores.
prospects of recovering funds of Satyam, having diverted to Maytas. valuation of Rs.60- Rs.72 per share. Also, if two top acquirers are in a 10% band, open bidding can take it to upper range of Rs. 72.

Suggestion to the Satyam Stock investors.
Going with current trends bids are likely to be aggressive and share price is likely to react upward. In this situation, if one remains invested upto 15th April in the stock would stand to gain.

Assam Company A Penny Trading Stock

Assam Company is in the business of cultivation, manufacture and sale of tea. It is also engaged in the business of oil and gas exploration. The stock, on the bourses is considered mainly as a low priced speculative stock, allowing the investors to trade in a stock which is quoted even below its face value of Rs.10 per share. Currently quoted at levels of Rs.6, it is unbelievable that during the boom time, it had managed to touch a new high at Rs.40.
Its MTM forex loss for the year stood at Rs.45.33 crore, arising on account of outstanding FCCB Loan of US$ 44.70 million.

The seasonal cycle indicates that the fourth quarter is usually its best but this time, it posted a net loss during the fourth quarter. A purely “penny” trading stock and that too in the range of Rs.3-5.thanks

GIP Gontermann Peipers India Ltd Results

Gontermann Peipers India Ltd (GIP) The financial performance of the company had not been too encouraging for the second quarter and as predicted, it got only worse for the third quarter ended 31st Dec 2008. YoY, sales dipped 27%. When the beginning was bad, the ending had to suffer. It ended the quarter with a net loss of Rs.1.08 crore. OPM more than halved from 23% in Q3FY08 to around 7% in Q3FY09.

Apart from the slowdown, what really made matters worse was the minor fire that occurred in the Melting & Foundry Division of the factory on November 28, 2008 and it reopened on 1st Dec 2008. Operations were partially affected and though the company has adequate insurance cover, the loss on account of production was higher.

A low priced stock, there does not seem to be any reason for any immediate spurt which one can expect in the stock price. Does not enjoy any investor following too. thanks

Cipla Results Analysis A Pharma Stock

For the third quarter ended 31st Dec 2008, the reduction in operating costs, helped the company post a better performance. The reduction in costs was also on account of the depreciating rupee which improved on account of the improved exports. Exports are booked at prevailing rates and hence the company stood to benefit.
OPM for Q3FY09 was at 23.42% compared to 16.82% in QoQ and 25.94% on a YoY. NPM was up at 16.65% compared to 11.18% on a QoQ and it came down from 19.07% on a YoY.
Cipla has formed two new partnerships in US and Canada. It has two drug launches on anvil – budesonide inhalers in Germany and Portugal and salbutamol MDI in Denmark and Portugal. Cipla has one of the widest product ranges, with a presence in about 65 therapeutic categories.
Currently, like many other Indian pharma companies, Cipla’s consignment too has been caught. Cipla’s export consignment to Peru was seized at Amsterdam in early Feb 2009. This has been valued at around US$30,000 and the company blames this on the conspiracy of the Big Pharma, to ensure that Cipla’s generics drug does not reach the markets. One does not know the truth behind the allegations but this is a real problem which Cipla and many others are currently facing abroad.
The company is expected to show pressure in the current quarter and one has to wait and see what impact the depreciating rupee would have on the margins. thanks

BHEL Buy at Every Dip as Good Blue Chip Stock

Bharat Heavy Electricals (Bhel), the country’s largest power equipment manufacturer, managed to buck the slowdown but surely the flat bottomline is a pointer to some effect surely playing on the performance of the company. Compared to the superlative growth shown by L&T in Q3FY09, that of BHEL has been more subdued.
It posted a meager 2% increase in net profit at Rs.791 crore while net sales rose 21% at Rs 6,022 crore. Despite costs coming down, the cost incurred in raw materials remains a concern. Its consumption of raw materials amounted to Rs 4,059 crore, which was 67% of net sales as against 57% in Q3FY08.
Orders worth Rs.15200 crore were received during Q3FY09. The order outstanding was at about Rs.113500 crore. Every other day, we see that BHEL has received an order and most of the time, almost all the orders are big ticket orders. This, to a large extent is reassuring as it means the company is showing no signs of a slowdown. It has enough orders to keep it busy and the cash registers ringing for the current fiscal.
Now the big question – L&T or BHEL? Both are blue chips and a must in any valuable portfolio. Right now, in this scenario of slowdown, BHEL has a march over L&T on two counts – firstly, over 60% of the orders of L&T comes from the private sector and hence it could face some slowdown if the companies decide to cut down on their capex or postpone it for later. For BHEL the order backlog is huge and for BHEL, it’s a question of how and when to complete rather than what to complete. L&T has been cautious when it announced 30% guidance for FY09 and its current takeover bid of Satyam is also causing some jitters. Mind you, L&T also remains a great buy.
Advice :
Every dip, use it for accumulating BHEL for the long term. thanks

MOTHERSON SUMI Pick up the stock for the long term

There has been a buzz around this stock for some time now, in anticipation of it completing the acquisition process of Visicorp. Well, it was finally done on 16th March and since yesterday, profit booking has once again come into the stock and it has now settled back in the Rs.50’s levels.
The company, through its JV - Samvardhana Motherson Finance acquired one of the world's leading manufacturers of automotive exterior mirrors, Visiocorp for Rs 176 crore. The acquisition will help Motherson Sumi Group to offer entire range of automotive parts, which would include rear view mirrors, to the global customer base. Only, the auto sector, globally has hit the brakes for now.
For the third quarter ended 31st Dec 2008, the net sales of the company dropped 11% on a QoQ while it rose marginally by 8% on a YoY at Rs.557 crore.The company had a forex loss of Rs.6.96 crore for the quarter.

Pick up the stock for the long term on declines. thanks

ASIAN PAINTS Robust Growth in Slowdown also

Now this is one company which is remains affected by the biggest slowdowns in two sectors – realty and automobile. With both the sectors being its main consumer and with both having slowed down, naturally, the going looks grim for Asian Paints. Its other main revenue earner.
In the third quarter ended 31st Dec 2008, though the company showed a robust growth in revenue, the bottomline was affected due to rising raw material costs. On a consolidated basis, PAT declined 50.35% to Rs 59.02 crore while net sales rose 12.17% to Rs 1321 crore.
25% of its revenue came from the international markets, especially the Middle East. But with the slowdown in those regions too and construction activities coming to a virtual standstill, this pie from exports could also take a hit in Q4 of the current fiscal.
Quoted at Rs.726, Asian Paints is also feeling the pains of the slowdown. thanks

BHARTI AIRTEL Remains Major Telecom Stock Stay invested

With some negative news from the market as CEO and Jt MD Manoj Kohli of Bharti Airtel sold off his entire holding of 1.23 lakh shares for over Rs 7.2 crore there was major sell off for this share. For Q3FY09, the company posted a total Revenues of Rs. 9,633 crore (up 38% Y-o-Y). Its EBITDA stood at Rs. 3,945 crore (up 33% Y-o-Y). Its cash Profit was at Rs. 3,755 crore (up 30% Y-o-Y). Its net profit for the quarter rose 38.34% at Rs 1,976.41 crore.
BHARTI AIRTEL overall customer base as at 31st Dec 2008 was at 8.83 crore. And during Q3FY09 it made the highest ever-net addition of 82.82 lakh customers in a single quarter. Clearly, telecom is one sector which is showing no signs of a slowdown. Its market share now stands at 24.7% of all India wireless subscribers at 24.7%.
Bharti’s strength remains its reach into remotest of the villages, which now stands at over 4 lakh villages. It also launched its services in Sri Lanka and in a few years, hopes to become a market leader there too.
Final note: Bharti Airtel is doing well and with the Indian telecom growth story still intact and the rural markets now witnessing a strong uptake, given the company’s network, distribution and brand strength, its best to stay invested. Thanks

VOLTAS Q3 Results Analysis

Voltas touched a new low on 5th March 09' at Rs.31.50 and this was despite the news of the company tying up with M/s Thies of Germany, whereby Voltas would sell and service Thies products in India.

The growth is expected to be negative in unitary coding products business. There has been an inventory pile up in mining and construction business, which can be cleared only if the spending on infra building as planned by the Govt picks up or gets implemented. Also its international market mainly comprises of Dubai, Abu Dhabi and Qatar and most of the work is with Govt or semi-Govt. But in these markets too, there is currently a slowdown and massive liquidity crunch and hence there is a probability of the orders getting postponed or coming in smaller lots till the situation gets better. Currently, in the domestic operation there is an order book of Rs. 1100 crore which is to be executed in 9-12 months. The total order book of the company in the project businesses, only segment doing very well, continues to be very comfortable at Rs. 5,334 crore.

Slowdown is very much a concern for Voltas and that is probably what the low share price is reflecting. Q4 is thus expected to be tough. thanks

SATYAM STAKE SALE Bidding Guidelines Summary

SATYAM STAKE SALE, The good news for the day was Satyam getting the green signal from SEBI for inducting a strategic partner through sale of 51% m via a global bidding process. Expression of Interest from qualified investors will be invited shortly.
A quick glance at the fine print of the guidelines

1. Satyam will issue fresh equity of 31% to the investor. Remaining 20% would be made through an open offer at the same share price as the price paid by the investor for the subscription.
2. Second preferential allotment allowed if bidder fails in first attempt to acquire 51% but this would not be thro’ an open offer. The investor would have a lock-in of 3 years from the date of the acquisition, though there is no restriction on subscription to additional equity shares.
3. Qualified investors who bid should have total net assets in excess of US$150 million.
4. SEBI has exempted Satyam from the normal rules.
5. International bidding process to be followed.
6. The process of selection of a strategic investor will be overseen by a retired judge of the Supreme Court or former Chief Justice of India.

Since the stake sale of Satyam is being made by preferential issue route, it may see a bidding of upto Rs.100 per share. A potential acquirer, may have to shell out another Rs.1,800 crore to make an open offer for 20% shares, being 18.20 crore of the expanded equity of 91 crore shares, at about Rs.100 per share. So a potential acquirer must have financial ability to contribute close to Rs.4,000 crore for acquiring an effective control of Satyam. thanks

HDFC Housing Finance Company House This Stock

Banking stocks have been witnessing selling and the punters on the street say that there is more downside to come on the banking counter.
HDFC’s NPLs aggregated to 1.01% of the loan portfolio in Q3FY09 as against 1.12% in Q3FY08. The balance in the provision for contingencies account stood at Rs. 497.51 crore which is 1.9 times the regulatory requirement as stipulated by the National Housing Bank, the lowest level of NPLs seen in Q3FY09 for any year in the last decade.
HDFC remains the largest private sector housing finance company. And given the slowdown in the realty sector, fall in demand, it came as no surprise to see this being reflected on the bottomlines of HDFC’s Q3FY09 performance. The company's total income rose 42.54% on a YoY at Rs 2,917.77 crore but net profit declined by 15.73% at Rs 546.83 crore. For the third quarter, loan approvals were down 7.55% at Rs.9,640 crore. Instead of lending the money, HDFC invested the money to the tune of Rs.10,525 crore but its gains on these investments were down 24% on a QoQ at Rs.9022 crore.
An interest war of sorts was unleashed by SBI when it cut the rates on home loans by a straight 8%. HDFC reacted to this by levying a prepayment charge of 3%, making it expensive for its existing borrowers to foreclose their loan account by raising a cheaper loan from another bank. But it need not have really bothered as the fine print of SBI home loan form says that the 8% interest rate is applicable only for the first year.
HDFC remains fundamentally a very sound stock and best to use every decline to shore up on the stock for long term. Thanks

ABB LTD One of My Stock Pick

ABB touched a 3-year low at Rs.365. Then once the results were announced, the stock bounced back on value buying. The results were nothing spectacular.
For the year ended 31st Dec 2008, the growth can more or less said to be flat. But what needs to be noted is that its interest cost during the year has cost up considerably, especially in the fourth quarter. For the year, interest outgo was at Rs.32.53 crore, which is 4.78 times more than what it had in previous year. There has been an increase in the employee cost by 31% and raw material costs rose 16%. Also its other income for the year has slipped down to Rs.21 crore from Rs.71 crore posted last year.

What is worrying though is that there has been a decline in the order book. The company booked orders worth Rs.8054.10 crore during the year ended 2008, a 5% rise. But order intake for Q4 2008 was down 37% at Rs.1261 crore. With already lower OPMs and NPMs, increasing interest outgo and other expenses, the first half of 2009 could see some slowdown. Thanks.

RIL RPL Merger Details Study

The merger between Reliance Industries and Reliance Petroleum will give the benefit of combined operating profitability to the merged entity, while tax benefits through depreciation would be minimal as the two units will maintain independent accounts. Board of Reliance Industries Ltd (RIL) and Reliance Petroleum Ltd (RPL) are meeting on 2nd March 2009 to consider and recommend amalgamation of RPL with RIL.
1) Merger is likely to be effective from 1st April, 2009:
2) This merger is mainly to achieve scale and operational synergy:
3) This merger is not to avail any tax benefits of RPL as this will be tax-neutral:
4) Some section of the media is arguing that merger is mooted with a view to set-off the expected losses of RPL having arisen on inventory.
5) The merger ratio is likely to be loaded in favour in RIL than RPL:
6) RIL will buy 5% stake of Chevron, being 22.5 crore shares, at Rs. 60 per share, for Rs. 1,350 crores. Due to this, RIL holding in RPL will rise to 75.38%.
Swap ratio is likely to be 1:22 of RIL to RPL, considering extinguishment of RIL stake in RPL. If stake is not extinguished, swap ratio could be 1:20.
Based on the closing market price of 27th February, the swap ratio works out at 1:17:
RIL is likely to have a networth of Rs. 1,09,000 crore as at 31st March 2009:
thanks ril rpl, business standard, moneycontrol, ril, rpl
The merger between RIL and RPL will bring down the shareholding of promoters in the combined entity to 47% from 49%, while the retail shareholding will go up to 19% from 16.1%.
The RIL board which approved the merger on Monday, said it will issue 6.92 crore equity shares to RPL shareholders, which will increase the equity capital to Rs 1,643 crore. “The merger will reduce the earning volatility of RPL shareholders and allow them to participate in the full energy value chain of RIL,” reports ET.

Tata bonds or NCD issue of Tata Capital

The fall in the financial performance of most of the companies, the pledging of shares and indications that the group was undergoing major liquidity crunch, all have obviously impacted the Tata group stocks negatively. The stocks, expect for maybe TCS have constantly been on the sellers list.
And in the midst of all this, the group company Tata Capital announced its NCD issue. All raised their eyebrows in surprise and wondered whether there would be any subscribers at all. The rights issue of Tata Motors was too fresh in the mind to be put off. Yet, the Tata Capital NCD issue has managed to get oversubscribed 6 times, receiving bids worth more than Rs 3,000 crore on robust response from all categories of investors. The company would retain subscriptions worth Rs 1,500 crore from the issue and it would listed on the NSE.
This indicates two things – people still have a lot of faith in the name of Tata. And secondly, it is equity in which people seem to have lost faith in. Bonds have become an instrument of choice for investors and it would be no doubt that the success of the NCD issue of Tata Capital would now prompt other companies to come out with similar issues. thanks

KOHINOOR FOODS Best is Wait and Watch

This is one stock which has been in the news for some time now. The stock has been witnessing a lot of buying. The reason being Temptation Foods announcing that it has acquired a 11.83% stake in the company. But the shareholding pattern as on 31st Dec shows the holding of Temptation Foods at 2.28%, this has come down from 5.02% it held as on Q2FY09. And the management in a television interview also clarified that it has no intentions of selling even one percent stake in the company. So that mystery continues.
Kohinoor Foods is engaged in selling rice under its flagship brand, Kohinoor, along with other brands like Trophy, Falcon and Charminar. It launched Kohinoor brand of ready-to-eat food in 2004. In Dec 2008, it tied up with Target Corporation, USA for supplying Indian food products. Being in branded foods, its margins are high. The previous quarters of current fiscal reflects the high prices of commodities, which directly affects the working capital requirements and that in turn, has been reflected in the financials of the company.
But financially, Kohinoor seems to be under pressure. For the third quarter ended 31st Dec 2008, the company showed a decline in topline on a YoY and it posted a net loss at Rs.3.56 crore as against Rs.8.29 crore net profit it posted in Q3FY08.
At this juncture, too many speculative forces are at work on the stock. Best to stay away until a clearer picture emerges. thanks