Author Archives 
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PUNJAB NATIONAL BANK: Out Performer
In a recent development, Punjab National Bank (PNB) and other seven banks’ exposure to Zoom developers (a Mumbai based project development company) has come into light. The banks’ total exposure to the account is close to Rs26 bn (non-fund based exposure), out of this PNB’s (the lead banker) exposure is close to Rs4.5 bn. In accordance with the media reporting, in Q1FY11, the bank already recognized Rs3.0 bn as NPAs and made provisions. According to our communication with other banks’ managements some of the banks made provisions in Q4FY10 itself. Around 76% of the banks’ exposure is insured with ECGC (Export Credit Guarantee Corporation)…
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KSK ENERGY VENTURES LIMITED: High Project Visibility coupled with Attractive Valuations (EQUIRUS)
We expect KSK Energy Ventures Limited (KSKEVL) to commission a total of 4644 MW by FY16 comprising operational capacity of 601 MW, capacity of 313 MW which is expected to be commissioned by FY11 and further capacity under construction of 3730 MW. KSKEVL has pioneered the group captive business model along with a focus on long term off take agreements and fuel security which lead to lower volatility in the tariffs and fuel costs. This provides higher visibility and scalability to its power generation capacity. We see 35% upside in KSKEVL by 30th Sep, 2011 and initiate coverage recommending LONG position and suggest an overweight within the power sector. Our FCFE based DCF TargetPrice (TP) of ` 242 is based on projections till FY17 and 20 years of growth…
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ING VYSYA BANK: Business and margin scaling up; initiate with Buy
We initiate coverage on ING Vysya Bank with Buy and price target of `445/share. We expect the Bank’s RoE and RoA to expand to 17.3% and 1% respectively by FY13e on the back of business scaling-up as well as improvement in margins and productivity. ■ Business growth scaling up; margin expansion. We expect ING Vysya Bank to witness improved business growth and higher market share FY11 onwards. Rising CASA share is likely to aid margin expansion to 3.1% in FY13e from 2.7% in FY10…
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NSE Bulk Deals – India Equity Market 21st Oct, 2010
Bulk deal is a stock trading where stock quantities buy or sell by an investor is more then 0.5% of total number of equity shares of the company listed at India stock exchanges.
In year 2004 SEBI bring more transparency to the bulk deals by making is compulsory for stock exchanges to publish intraday bulk deals at the end of the trading day.
Below are current bulk deals at National Stock Exchange of India (NSE):
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Bulk Deals in BSE 21st Oct, 2010
Members are required to make a disclosure on a daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where the total quantity bought/sold is more than 0.5% of the number of equity shares of the company listed at BSE…
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MARKET REVIEW 19th Oct, 2010
The key benchmark indices tumbled in late trade after a strong start, an exact opposite movement to that witnessed on Monday, 18 October 2010. Intraday volatility was high. European and Asian markets were mixed while US index futures were slightly higher. The barometer index BSE Sensex fell below the psychological 20,000 level. But, the 50-unit S&P CNX held the psychological 6,000 mark. The BSE Small-Cap and Mid-Cap indices rose, outperforming the Sensex. Market men are worried that the mega Rs 15000-crore initial public offer of Coal India, which is currently open for bidding, will soak liquidity from the secondary market…
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NSE Bulk Deals – India Equity Market 19th Oct, 2010
Bulk deal is a stock trading where stock quantities buy or sell by an investor is more then 0.5% of total number of equity shares of the company listed at India stock exchanges.
In year 2004 SEBI bring more transparency to the bulk deals by making is compulsory for stock exchanges to publish intraday bulk deals at the end of the trading day.
Below are current bulk deals at National Stock Exchange of India (NSE):
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Bulk Deals in BSE 19th Oct, 2010
Members are required to make a disclosure on a daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where the total quantity bought/sold is more than 0.5% of the number of equity shares of the company listed at BSE…
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MARKET REVIEW 18th Oct, 2010
Volatility ruled the roost as the market snapped a two-day steep slide on bargain hunting. L&T and HDFC, both, bounced back after reporting strong Q2 results during trading hours. European stocks and US index futures came off days’ lows, which aided the smart intraday rebound on the domestic bourses. The initial public offer of state-run Coal India was subscribed 27% by 16:00 IST on the first day of the issue today, 18 October 2010, data on NSE website showed. Market men are worried that the Coal India IPO, billed as the country’s largest issue ever, will soak liquidity from the secondary market. The government plans to raise about Rs 15,000 crore from divestment of 10% stake in Coal India…
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NSE Bulk Deals – India Equity Market 18th Oct, 2010
Bulk deal is a stock trading where stock quantities buy or sell by an investor is more then 0.5% of total number of equity shares of the company listed at India stock exchanges.
In year 2004 SEBI bring more transparency to the bulk deals by making is compulsory for stock exchanges to publish intraday bulk deals at the end of the trading day.
Below are current bulk deals at National Stock Exchange of India (NSE):
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Bulk Deals in BSE 18th Oct, 2010
Members are required to make a disclosure on a daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where the total quantity bought/sold is more than 0.5% of the number of equity shares of the company listed at BSE…
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MARKET REVIEW 15th Oct, 2010
Profit booking after a recent solid surge which had propelled the key benchmark indices to 33-months highs on Thursday, 14 October 2010, pulled the market sharply lower today, 15 October 2010. The BSE 30-share Sensex lost 372.59 points or 1.82% to 20,125.05, off 453.40 points from the day’s high and up 34.87 points from the day’s low. The Sensex had lost 0.92% on Thursday, 14 October 2010, retracing from 33-month high reached in early trade on that day. Investors have resorted to profit taking ahead of a mega Rs 15000-crore initial public offer (IPO) of state-run Coal India next week…
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NSE Bulk Deals – India Equity Market 15th Oct, 2010
Bulk deal is a stock trading where stock quantities buy or sell by an investor is more then 0.5% of total number of equity shares of the company listed at India stock exchanges.
In year 2004 SEBI bring more transparency to the bulk deals by making is compulsory for stock exchanges to publish intraday bulk deals at the end of the trading day.
Below are current bulk deals at National Stock Exchange of India (NSE):
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Bulk Deals in BSE 15th Oct, 2010
Members are required to make a disclosure on a daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where the total quantity bought/sold is more than 0.5% of the number of equity shares of the company listed at BSE…
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NSE Bulk Deals – India Equity Market 14th Oct, 2010
Bulk deal is a stock trading where stock quantities buy or sell by an investor is more then 0.5% of total number of equity shares of the company listed at India stock exchanges.
In year 2004 SEBI bring more transparency to the bulk deals by making is compulsory for stock exchanges to publish intraday bulk deals at the end of the trading day.
Below are current bulk deals at National Stock Exchange of India (NSE):
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Bulk Deals in BSE 14th Oct, 2010
Members are required to make a disclosure on a daily basis up to 5.00 p.m. through DUS (Data Upload software), with respect to all transaction in a scrip for a client where the total quantity bought/sold is more than 0.5% of the number of equity shares of the company listed at BSE…