Nagarjuna Construction bags Rs 722-cr orders

Nagarjuna Construction Company today secured five orders aggregating to Rs 722 crore. The construction major bagged the first order of Rs 328 crore from Bangalore water supply and sewerage board at west Bangalore that will be completed over the next 26 months.

The second order of Rs 143 crore is from the water resources department Bihar for construction of bituminous road to be completed in 24 months.

The third has come from Jain Housing Chennai for residential apartments valued at Rs 100 crore to be completed over a period of 12 months, fourth from Rail Vikas Nigam, New Delhi worth Rs 91 crore and the last from Chennai Metropolitan Water Supply of Rs 60 crore to be completed in another two years.

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Punj Lloyd forays into solar energy (Part of Rakesh Jhunjhunwala Portfolio)

Punj Lloyd, a diversified construction and engineering group, has tied up with Singapore-based Delta Solar to foray into the solar utility space.

The joint venture, Punj Lloyd Delta Renewables, will provide solar photovoltaics (SPV) and solar thermal solutions with a strong emphasis on new technologies.

Punj Lloyd Delta Renewables will develop, engineer and execute renewable energy-based projects across the world and will provide turnkey integrated development and sustainable solutions in the power, building and infrastructure sectors. While initially focussing on solar energy, the joint venture firm will diversify into other forms of renewable energy like biomass and wind.

Stephen Pierce, the World’s #1 Internet Wealth Advocate, announces the launch of his new website

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Geometric Limited reported 209% increase in YOY net profit during Sep 09 Qtr (Part of Rakesh Jhunjhunwala Portfolio)

2 Year Chart for Geometric Limited Geometric Chart from 01 Mar 09 to 29 Oct 09

Geometric reported Q2 2010 results with revenue of Rs 128.2 crores versus Rs 152.595 crores during the same period last year. However, net profit jumped to Rs 10.2 crores as compared to Rs 3.301 crores during the same period last year, rise of approx 209%.

Geometric has support at Rs 40/- and Rakesh Jhunjhunwala and his wife (RARE) are holding 53,15,000 shares (8.56% equity of Geometric Ltd)

Punj Lloyd is now ideal Candidate for Swing Trade (Part of Rakesh Jhunjhunwala Portfolio)

In the last few days Punj lloyd has been thrashed badly, primarily due to poor results in this Qtr. However, with strong order book of more than Rs 30000 cr, the stock cannot be ignored.

After this harsh thrashing, the stock is now ideal candidate for swing trade. It is strong support at around at Rs 196-Rs200/- and resistances at Rs 230/-, Rs 250/-, Rs 270/- and rs 295/-.

Autoline Industries won US $ 40 million contract ( Part of Rakesh Jhunjhunwala Portfolio)

Autoline Industries has won $ 40 million contract. They will be manufacturing brake and clutch pedal assemblies for two US automakers for next 4 years. Autoline Industries is a subsidiary Autoline USA.

Rakesh Jhunjhunwala initially bought 1,60,389 shares (1.46 % of Autoline industries ) in Qtr ending Mar 08. At that time the stock was fluctuating between Rs160/- and Rs250/-. However, as per latest shareholding pattern (Qtr ending Sep 09) on Bombay Stock Exchange, Rakesh Jhunjhunwala and His wife Rekha Jhunjhunwala together hold 12,51,233 shares (10.25% of Autoline Industries). The quarter wise holding of Rakesh Jhunjhunwala and Rekha Jhunjhunwala (RARE) in Autoline Industries is as given below:

Mar 08

1,60,389 shares (1.46% of Autoline Industries)

Jun 08
7,11,622 shares (5.83% of Autoline industries)

Sep 08
12,31,233 shares (10.09% of Autoline industries)

Dec 08
10,20,000 shares (8.36% of Autoline industries)

Mar 09
12,51,233 shares (10.25% of Autoline industries)

Jun 09
12,51,233 shares (10.25% of Autoline industries)

Sep 09
12,51,233 shares (10.25% of Autoline industries)

I think future is looking up. Stay invested and God Bless every one.

Rakesh Jhunjhunwala added 8 lac shares of Geometric Limited in Qtr ending Sep 09

I was going through the shareholding pattern of Geometric Limited at Bombay Stock exchange website and realised that Rakesh Jhunjhunwala added 8,00,000 shares in the Qtr ending Sep 09 as well. It is interesting to note that Rakesh Jhunjhunwala has been adding Geometric Limited almost every Qtr since 01 Jul 06. The only two qtrs in which he did not add Geometric Limited were Qtr ending Dec 07 (01 Oct -31 Dec 07) and Qtr ending Jun 09 ( 01 Mar - 30 Jun 09).

As on 30 Sep 06, he was holding 4,80.000 shares of Geometric Ltd (2.43% of Geometric Limited) but after adding 8,00,000 shares in this Qtr, his holding in Geometric has now gone upto 53,15,000 shares, which corresponds to 8.56% equity of Geometric Ltd. The Qtr wis e holding of Rakesh Jhunjhunwala and his wife since Sep 06 is as given below:

Sep 06:

4,80,000 shares (2.43 % equity of Geometric Ltd)

Dec 06:

17,80,000 shares (2.90% equity of Geometric Ltd)

Mar 07:

21,75,000 shares (3.51% equity of Geometric Ltd)

Sep 07:

25,05,000 shares (4.04% equity of Geometric Ltd)

Dec 07:

25,05,000 shares (4.04% equity of Geometric Ltd)

Mar 08:

27,35,000 shares (4.41% equity of Geometric Ltd)

Jun 08:

30,35,000 shares (4.89% equity of Geometric Ltd)

Sep 08:

31,85,000 shares (5.13 % equity of Geometric Ltd)

Dec 08:

38,65,000 shares (6.22% equity of Geometric Ltd)

Mar 09:

45,15,000 shares (7.27% equity of Geometric Ltd)

Jun 09:

45,15,000 shares (7.27% equity of Geometric Ltd)

Sep 09:

53,15,000 shares (8.56% equity of Geometric Ltd)

It seems that the Big Bull is really bullish on this stock and therefor it is important to remain invested in this stock for a longer horizon to enjoy the fruits of patient and successful investing.

Click here to Understand Geometric Limited Business Part - I

Rakesh Jhunjhunwala increased his stake in Titan Industries by 137105 shares

In the Qtr ending Sep 09, Rakesh Jhunjhunwala increased his stake in Titan Industries by 137105 shares, thereby increasing his total holding to 3703861 shares.

Rakesh Jhunjhunwala now holds 8.35% of Titan Industries.

Understanding Geometric Business Part -I (Part of Rakesh Jhunjhunwala Portfolio)

Inspite of all the crashes, money invested in geometric Ltd in August 2001 would have multiplied approx 10 times. The cost of share at that time was Rs 52 approx and todays cost is Rs 50.4 but with 10 times more shares in terms of split and other instruments. However, in Aug 04 the share was trading at approx Rs 124/-(Which amounts to Rs 1240/- as the share holder would be having 10 times more shares) but after that the share had fallen down to Rs 11/- approx (Rs110/- true value in terms of investment made in Aug 01.) Let us understand the business of this company so that we are aware as what lies in the future ahead.

Geometric Ltd provides

Software solutions (Product Lifecycle Management, Manufacturing IT, Software Product Engineering),

Engineering solutions (Product Engineering, Manufacturing Engineering, Engineering Productivity Solutions)

Technology solutions (Desktop Products, Technologies and Interoperability Solutions)

to

Aerospace and Defense Industries
Automotive Industries,
Fashion Industries,
Heavy Engineering,
High Technology,
Machine Tool,
Medical Imaging,
Metrology,
Software OEMs.

In the next post, we shall discuss about PLM Offerings by the Geometric Ltd.

About Geometric Ltd ( Part of Rakesh Jhunjhunwala Portfolio)

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

Headquartered in Mumbai, India, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of Rupees 5.98 billion (US Dollars 129.47 million) for the year ended March 2009. It employs close to 3000 people across 10 global delivery locations in the US, France, Romania, India, and China. Geometric is assessed at SEI CMMI Level 5 for its software services and ISO 9001:2000 certified for engineering operations.

OK Play India Ltd - My choice for Diwali Pick at Rs 27

Happy Diwali to all the readers. I am buying OK Play India Ltd as Diwali Pick due to the following reasons:

> This stock is likely to do very well for many years to come as it operates in Toy Industry and with Indian Population and demanding children of today the company is likely to stay put.

> Reputed name and management inToy Industry.

> Worst is behind the company. Company posted loss in all the four qtrs of 2008. But it posted profit in first two qtrs of 2009. In mar 09 qtr, it posted a profit of approx 49 lakh rupees and in Jun 09 qtr it posted a profit of Rs 3.767 crores. But it has to be treated with caution as both these results are un-andited.

> Its all time high was Rs 170 approx and now it is at Rs 27 approx.

> As against the EPS of -6.5 for financial year 2008-09, it has posted 2.37 EPS for Jun 09 qtr.

> In the short run, if the Sep 09 qtr results are good, then it is likely to go to Rs 40. However, irrespective of Sep 09 results, investors with at least 1 year horizon are likely to benefit.

Rakesh Jhunjhunwala added 6 lac shares of Karur Vysya Bank

In the Qtr ending Sep 09, Rakesh Jhunjhunwala increased his stake in Karur Vysya Bank from 19,68,724 shares to 25,68,724 shares, there by adding 6,00,000 shares.

Now he holds 4.76% of the total equity of the bank. Earlier he was holding 3.65%

Something is cooking friends, May Be....

Geojit's Net Profit rises 150% YOY (Part of Rakesh Jhunjhunwala Portfolio)

For Qtr ending Sep 09, the Net Profit of Geojit rose to Rs 13.06 crores as compared to Rs 5.22 crores during the same period last year.

During the Qtr ending Sep 09, the company registered a 58.58 % rise in net sales to Rs 75.63 crores as compared to Rs 47.69 crores in the same period last year.

Last 12 month EPS as on 31 Mar 09 was 1.78. However, this year from 01 Apr 09 to 30 Sep 09, Geojit has already achieved 1.17 EPS. Outlook for the stock also looks bright.

Kajaria Ceramics Ltd - Good Result and positive outlook (Part of Rakesh Jhunjhunwala Portfolio)

Kajaria Ceramics posted a strong set of numbers for Qtr ending Sep 09.

PAT/Net Profit has jumped approx 50% to Rs 8.77 crores as compared to the same period last year.

Operating profit margin was 16.41% as compared to 14.91% during the Sep 08 qtr.

As compared to EPS of 1.21 for four qtrs as on Mar 09, the EPS from 01 Apr 09 to 30 Sep 09 is 2.01. However, it reported EPS of 1.19 for Sep 09 qtr as compared to 0.79 for the corresponding period last year (rise of approx 50%).

It is also setting up of 2.40 M Sqr Mtr- vitrified tile manufacturing capacity at existing location in Sikandrabad (UP) scheduled and expected to go on stream by January 2010.

Prabhudas Lilladher estimates NCC PAT for Sep Qtr (Part of Rakesh Jhunjhunwala Portfolio)

Prabhudas Lilladher estimates that the PAT for Nagarjuna Construction Company for Sep Qtr would be up by 20.9%, to Rs 51.1 cr YOY.

Net Sales is also expected to be up by 11.8% to Rs 1180 crores YOY.

Rs 1500 crores invested by Provogue to develop 6 malls(Part of Rakesh Jhunjhunwala Portfolio)

Rs 1500 crores has been invested by Provogue to develop six Malls through its real estate arm Prozone Enterprises and the same would be ready by next two years. Each Mall would be of 10,00,000 Sq Ft and would include residential and office space as well.

In addition, Provogue is also planning to set up 50 new retail stores in next two years at an approx cost of 20-30 crores.

As per Mr Chaturvedi, Provogue is very aggressively expanding both retail and Mall development businessess.

Hrithik to endorse Provogue (Part of Rakesh Jhunjhunwala Portfolio)

Hrithik Roshan would be the next brand ambassador for Provogue. Earlier the same was being endorsed by Fardeen Khan and Saif Ali Khan. With Hrithik Roshan as Brand Ambassador, Provogue reasserts its connect with the youth.

Lupin signs deal with Nasdaq-listed Salix Pharmaceuticals for Rifaximin (Part of Rakesh Jhunjhunwala Portfolio)

Lupin has granted Nasdaq-listed Salix Pharmaceuticals, the exclusive rights in the United States to its bioadhesive drug delivery technology for use with Rifaximin.

Lupin and Salix have entered into a deal under which both partners will collaborate in the development and commercialization of an extended release product incorporating Rifaximin and utilizing Lupin’s proprietary bioadhesive technology.

Beside this, Lupin and Salix have also entered into an exclusive agreement in the United States for supply of Rifaximin active pharmaceutical ingredient (API).

Under the arrangement, Salix has made a $5 million up-front payment and will make additional regulatory milestone payments to Lupin. In addition, Salix will pay royalties on net sales of the bioadhesive Rifaximin product to Lupin.

Rifaximin is a gut-selective antibiotic with negligible systemic absorption (<0.4%)>

Rakesh Jhunjhunwala expects 12-14% economic growth in next 5-7 years

Rakesh Jhunjhunwala says he is bullish on the Indian markets and expects Rs 2,500-3,500 crore local money in equities. He is also of the opinion that Interest rate hike in India is not likely before March.

As per him, the future of Indian markets is going to depend on the performance of Indian economy and the international scenario on interest rates. There are certain long-term trends which are driving the Indian markets, Jhunjhunwala says, adding, that the economic growth in India is going to be between 12-14% nominal over the next 5-7 years. As per his assessment, the factors that are driving this growth are irreversible whether its skill, tolerance, democracy or demographics. He also said that if growth in corporate profits, is going to be a percentage of nominal GDP growth which it is worldwide, he doesn’t see any reason why corporate should not grow between 15-17% compounded.

As per him this year maybe 20-30 billion of local money will come and in two years it will be 60 billion. In time to come, the local investment will be far greater than the foreign investment.

Provogue's New Business Strategy (Part of Rakesh Jhunjhunwala Portfolio)

Provogue is reworking its business strategy to boost revenues and prop up margins.

Under the new strategy, Provogue plans to reduce the size of its stores, sell more of its vendor brands, slow expansion in its discount format, and scale down mall development.

The company made a net profit of Rs 70 crore on revenues of Rs 363 crore in FY09. Its net profit went up by 180 per cent in FY09 compared to net profit in FY08. However, the company’s operating profit margins have gone down by 500 basis points in first quarter of FY09 compared to preceding quarter due to poor consumer sentiments.

Provogue, which opened its first store in 2001, today has 126 stores and over 100 shop-in-shops. The company plans to open 50 new stores in the next two years with an investment of Rs 35 crore to take its store count to 175.

It would opt for smaller stores in the range of 800-2,000 square feet to save on rents and costs.

Though the company planned to have 20 Promart, its off-price shops, by mid-2010, it currently has only two stores in the country.

Prozone Liberty, the mall development arm of Provogue, has also scaled down its plans given the slowdown in the retail sector earlier. Originally, the company planned to build six malls, now it is going ahead with only three, in Jaipur, Indore and Aurangabad. The company is also exploring ways to use additional land in these sites for alternative uses such as residential development.

Lupin Acquires US rights For Antara

Lupin has acquired US rights for Antara (Fenofibrate capsules 43mg, and 130mg) for $38.61m from Oscient Pharmaceuticals.

Lupin had filed an ANDA for fenofibrate capsules 43mg and 130mg. The company sold the ANDA to Dr Reddy's Laboratories and also settled the pending litigaAntara is aimed at adjunct treatment of hypercholesterolemia and hyper-triglyceridemia in combination with diet. Reportedly, the Antara acquisition enables Lupin to enter the primary care market with a three products portfolio.tion relating to the product.

Buy Lupin, target of Rs 1344: Sharekhan(Part of Rakesh Jhunjhunwala Portfolio)

Sharekhan has maintained its buy rating on Lupin with a target price of Rs 1344 in its September 29, 2009 research report.

A[tech launched "English Express" (Part of Rakesh Jhunjhunwala Portfolio)

After China, the global learning solutions major (Aptech) is chasing the African dream to pep up its overseas gambit. In sync with its multi-product and multi-geographies strategy, the company is planning to grow its flagship brand -- Aptech Computer Education -- in Nigeria from 15 centres to 30 by 2011.

Aptech on Wednesday launched a new brand -- English Express -- that will offer English language training in the country.It plans to open 80-100 English centres across India in the next one year with an investment of Rs 3 crore.

Prime Focus brings 15 post houses together for rebrand (Part of Rakesh Jhunjhunwala Portfolio)

Prime Focus has brought together its post-production facilities under a single brand. These include Prime Focus London (previously VTR, The Hive and Clear), blue and Machine from the UK; Post Logic and Frantic Films VFX from the US; and Prime Focus Group in India.

Punj Lloyd order book (Part of Rakesh Jhunjhunwala Portfolio)

Punj has secured an order worth Rs275.8 crore from IndianOil Petronas Pvt. Ltd for the design, engineering, construction, installation and testing of an LNG import terminal at Ennore in Tamil Nadu.
The Order Book of Punj Lloyd, after bagging this, stands at approximately Rs31,428 crore, or 2.4x its FY2010E revenues. We believe that Punj is set to become a player of reckoning in the domestic and global infrastructure spaces, due to its geo-segmental diversified operations. The company’s diverse operations have, to a large extent, not only insulated it from any potential slowdown, but also helped it gain experience in niche areas.

Prime Focus Launches View-D (Part of Rakesh Jhunjhunwala Portfolio)

Prime Focus, one of the world's largest visual entertainment services groups has announced the launch of View-D(tm), a proprietary 2D-to-3D conversion process that allows filmmakers to efficiently create stereoscopic 3D movies from source material shot on virtually any medium. View-D(tm) will be introduced at international launch events in Mumbai, London and Los Angeles to unveil the Prime Focus global rebrand, in which Post Logic and Frantic Films VFX will be brought together under the Prime Focus name.

Promoters investing money in Praj Ind (Part of Rakesh Jhunjhunwala)

Since the beginning of October, the Chaudhari family of Praj Industries purchased 21 lakh shares.

Rishi Laser to issue equity shares

The board of Rishi Laser has approved the proposal for the issue of upto 10,00,000 equity shares on preferential basis. This was approved at the board meeting held on 17 September 2009.

NAGARJUNA CONSTRUCTION (EDELWEISS) (Part of Rakesh Jhunjhunwala Portfolio)

Fund raising to spur future growth.....

■ INR 3.67 bn raised through QIP issue
Nagarjuna Construction (NCC) has raised INR 3.67 bn through a QIP issue. It issued 27.7 mn shares at a price of INR 132.46 per share, resulting in a post issue dilution of 10.8%. The funds raised will primarily be used to meet working capital requirements for its contracting business as well as the equity commitment for NCC’s infrastructure development portfolio. The company’s debt: equity ratio was comfortable at 0.7x at FY09 end.

■ Funds raised to be utilised to boost future growth
The funds raised will aid growth in the contracting as well as asset ownership businesses. NCC has performed well on the order intake front in the current year; order intake stood at INR 27 bn in Q1FY10 and has surpassed INR 40 bn YTD (against INR 66 bn in FY09). We expect the company to overshoot its order intake guidance of INR 65 bn for FY10. This is likely to improve revenue visibility going forward. NCC has a portfolio of 11 BOT projects—five road, two hydropower, two airports, one port, and one convention center (apart from the Gautami power plant where the company has decided to sell its stake). Of these 11 projects, one is operational, five are in the development phase, and five have yet to achieve financial closure. The company is also bidding for the upcoming NHAI BOT project. It has been already shortlisted among the bidders for a couple of road BOT projects. The funds raised will help meet equity commitment for current as well as future projects.

■ Outlook and valuations: Growth prospects improve; upgrade to ‘BUY’
While the fund raising exercise will be EPS dilutive in FY10, it will be EPS neutral in FY11 with likely increase in execution (due to strong order intake) and savings on interest cost. We are revising our EPS estimates downwards by 5.3% and 0.3% for FY10 and FY11, respectively. At CMP of INR 134, the stock is trading at a P/E of 18.3x and 13.9x for FY10E and FY11E, respectively. Our sum-of-the-parts-based target price for the stock is INR 175, with BOT projects contributing INR 17 to valuations. We have valued real estate investments at book value.

We believe fund raising will help the company log a faster growth trajectory. Also, improvement in the pace of road BOT project awards and improving economic outlook with government’s thrust on infra projects is likely to aid NCC, going forward. Hence, we are upgrading the stock to ‘BUY’ from ‘HOLD’ and rate it ‘Sector Performer’ on a relative return basis (refer rating page for details).

Provogue plans to expand its Biz via franchise (Part of Rakesh Jhunjhunwala Portfolio)

Provogue India is planning to expand its business by entering new markets in West Asia and is looking for franchise partner.

Provogue also has plans to open 17 more showrooms across India in the current fiscal taking the total number of stores to 143. The company is planning to invest Rs 13 crore for the same. Currently, Provogue India has 126 stores spread across 60 cities in the country.

Viceroy's Renaissance Hotel to open In Bangalore in 2010 ( Part of Rakesh Jhunjhunwala Portfolio)

Modern city requires a modern structure – Viceroy Hotels Limited is coming with a 21 storey ultra modern designed hotel in Bangalore overlooking the famous Bangalore Racecourse. This 250-room property would again be managed by the Marriott International and branded as Renaissance – modern luxury hotel for discerning businessmen. When completed in 2010 it would change the skyline of Bangalore.

Viceroy's J W Marriott Hotel at Chennai to start in Apr 09 ( Part of Rakesh Jhunjhunwala Portfolio)

The 350 room super luxury hotel overlooking the Bay of Bengal is scheduled to open by April’09. This premium hotel would add a new dimension to the ever-growing capital of Tamil Nadu – Chennai – which is vibrating ceaselessly as a buoyant metropolis city. The luxury hotel, designed by international architects and designers would have the largest of the rooms among the segment of modern hotels in the country. Interestingly, this would be first of its kind in the Marriott super luxury hotel segment in Chennai.

Aptech Acquired the English Education Institutes Ltd ( Part of Rakesh Jhunjhunwala Portfolio)

During the quarter Mar - Jun 09, the Company made investments to the tune of Rs 108.13 crores in its wholly owned subsidiary located at Mauritius after receipt of necessary approvals from the shareholders for such investment.

The Company has acquired the English language training business of First English Education Institutes Limited and has diversified into English language training .

Viceroy's New Hotel Hyderabad Courtyard to commence commercial Operations in Sep 09 (Part of rakesh Jhunjhunwala Portfolio)

Construction of the new hotel projects at Chennai, Bangalore and Hyderabad are in progress and the Hyderabad Courtyard project is scheduled to Commence commercial operations from this Month (September 09)

Aptech declares 10pc fee discount to the teachers families across the country

On the eve of teachers day, Aptech Limited – a Global leader in learning solutions, has announced a 10% discount on course fee to the families of the teachers in India. The offer is valid for a week, commencing on 5th September and concluding on 12th September 2009.

The four major retail brands of Aptech viz. Aptech Computer Education (IT Education & Training), Arena Animation (Animation & Multimedia Training), N-Power-Hardware & Networking ( Certified Hardware & Networking Programs) , and Avalon Academy (Aviation, Hospitality, Travel & Tourism Training) would be offering the fee discounts in an endeavor to pay tribute to the teachers on this opportune day. These discounts will be available on an assorted platter of courses.

About Aptech Limited:
Aptech is an ISO 9001:2000 organization and was the first IT training and education organization in Asia to receive the ISO 9001 quality certification for Education Support Services in 1993. Aptech Limited, which features amongst TrainingOutsourcing.coms Top 20 Global Training Outsourcing Service Provider (OSP) Companies, has trained over 5 million students – globally, who are presently pursuing high flying careers in the field of Information Technology.


About Aptech Computer Education:
Aptech Computer Education, the 23-year-old flagship brand of the Global Learning Solutions major, Aptech Limited, has built a reputation for quality computer education addressing the needs of discerning students worldwide.

Aptech Computer Education offers various career-oriented programs. Aptech focuses on providing the latest & structured courses for students enabling them to attain the leadership position. It is the preferred choice of individuals & corporates across the globe, as it provides the cutting edge through its instructionally well-designed, high quality, result oriented, well-researched training programs


About Arena Animation
Arena Animation is a Pioneer, Trendsetter and Global Leader in Animation education. Arena has an extensive network of centres & has trained over 2,50,000 students globally since its inception in 1996.

Arena offers industry relevant courses on Animation, Gaming, VFx & Multimedia to students aspiring for global careers in this New Age industry. It trains students as well as professionals in the latest industry relevant courses backed by alliances with world leaders, a world-class faculty and the latest technical educational tools.


About Avalon Academy
Avalon Academy is a wholly owned subsidiary of Aptech Ltd., provides high quality training to aspirants in the aviation, hospitality & Travel & Tourism industry. The institute currently offers a plethora of professional courses that focus on hard core aviation and related skills required in this sector.


About N-Power
Aptechs N-Power delivers various career and short-term programs in Hardware & Networking.N-Power is a premium brand of Aptech that offers courses in Hardware & Networking created by top global leaders like Microsoft & Cisco. N-Power has an alliance with CompTIA, which is the leading industry association representing the international technology community.

Nagarjuna Construction allots 27732900 Equity Shares to the QIBs(Part of Rakesh Jhunjhunwala Portfolio)

Nagarjuna Construction Company Ltd has approved the allotment of 2,77,32,900 equity shares of Rs 2/- each at a premium of Rs 130.46 and aggregating to Rs 367.35 Crores to the Qualified Institutional Buyers (QIBs) . With the above allotment the Paid-up Capital of the Company has gone upto Rs 51,31,67,620/- divided into 25,65,83,810 Equity Shares of Rs 2/- each.

250 Indage Vintners employees resign (Part of Rakesh Jhunjhunwala Portfolio)

Approx aroiund 250 employees, including middle- and senior-level managers, of troubled wine maker Indage Vintners Ltd have resigned over the past two weeks after the company failed to pay them salaries since at least November 2008.

Indage, which had 450 employees on its rolls and 150 on contract in its Indian and overseas operations, has been under fire from unpaid employees for a couple of months.

However, the state labour ministry had last week asked the firm to clear the arrears in two tranches, of 40% by 31 August and the rest by October. Following this, a majority of the employees who have resigned have been issued post-dated cheques.

The immediate liability to the firm on account of the cheques for paying off the first part of salary arrears is likely to be between Rs8 crore and Rs10 crore.

Nagarjuna to sell shares at Rs132.46 each (Part of Rakesh Jhunjhunwala Portfolio)

Nagarjuna Construction Co. Ltd is seeking to sell shares to institutional investors for at least Rs132.46 apiece, according to a share sale document posted on the National Stock Exchange’s website.

The sale is being managed by IDFC-SSKI Ltd, Kotak Mahindra Capital Co. Ltd and RBS Equities (India) Ltd.

Prime Focus restructures; appoints Malik as CEO, Films

Prime Focus has restructured its businesses into three verticals and has appointed a CEO for each.

The three verticals are Films, advertising and broadcast and visual effects. Prime Focus has appointed ex-Pixion CEO Naresh Malik as CEO of its films division. As was reported first by Businessofcinema.com earlier this month, Malik put in his papers at Pixion after a three year stint with the company. In his new role, Malik will run the DI and Film EQR businesses of Prime Focus.

On the other hand, the advertising and broadcast vertical will be spearheaded by Ramki Sankaranarayanan and visual effects vertical will be headed by Bharath Sundar as CEO.

All three CEOs will report to Prime Focus founder and managing director Namit Malhotra.

Lupin builds up R&D capabilities for sustained growth

Lupin Ltd, India's fifth largest pharma company with consolidated net sales of Rs 3,775 crore, is marching ahead strongly by implementing strategic moves, including acquisitions, in the highly regulated and emerging markets. The market price of Lupin scrip crossed Rs 1000 mark on the Bombay Stock Exchange last week and reached at its yearly peak at Rs 1055 on August 26 as against its 52-weeks low of Rs 518 in November 2008.

The scrip moved up steadily during past several weeks on account of strong financial performance, R&D efforts, focus on biotechnology, strategic partnerships and aggressive entry into new geographies. The promoters are holding 50.44 per cent equity stake, foreign financial institutions 12.15 per cent, Mutual funds 15.66 per cent and Insurance companies 9.12 per cent. General public is holding 9.47 per cent of equity capital as at the end of June 2009.

Lupin acquired companies in Germany, Australia, South Africa and Philippines during 2008-09 and now looking for more in certain markets to achieve organic growth in the coming years. The company established brand image in highly regulated markets like US, Europe and Japan with the help of its R&D capabilities.

The company posted impressive performance during the first quarter ended June 2009 and its net profit moved up by 25.1 per cent to Rs 140.11 crore from Rs 112.04 crore in the corresponding period of last year. The consolidated net sales also increased by 25.9 per cent to Rs 1,086 crore from Rs 862 crore. With better profit level, its earnings per share worked out to Rs 16.91 as against Rs 13.65. The company management rewarded its shareholders with higher dividend of 125 per cent as against 100 per cent in 2007-08.

Formulation sales in advanced market went up by 41 per cent to Rs 486 crore during the first quarter ended June 2009 from Rs 345 crore in the similar period of last year. Sales from these markets contributed 45 per cent of the net sales. Its Japanese subsidiary, Kyowa contributed 12 per cent of the overall revenues with sales jumps by 42 per cent to Rs 131 crore from Rs 92 crore in the last period. Lupin's formulation sales in India contributed 32 per cent to its sales and Indian sales increased by 22 per cent to Rs 344 crore.

While commenting on first quarter performance, Dr Kamal Sharma, managing director, said, "On the back of our strong performance over the last 13 quarters built on innovative market strategies, consistent focus on targeting niche therapy segments and developing difficult-to-make products, Lupin today, has the unique distinction of being the fastest growing company amongst the top 10 players in the generics markets of US, Japan, India and South Africa."

Lupin notched up consolidated net profit growth of 22.9 per cent during the year ended March 2009 to Rs 507.74 crore from Rs 408.25 crore in the previous year. It's consolidated net sales jumped by 39.5 per cent to Rs 3,776 crore from Rs 2,706 crore. The EBDIT moved up by 15.9 per cent to Rs 743.89 crore from Rs 642.30 crore. With sales increasing faster, its net profit as per cent of net sales worked out to 13.3 per cent as against 15.1 per cent in the last year. Similarly return on capital employed remained at 12.1 per cent for 2008-09 and 2007-08.

The company has build up strong reserve position during 2008-09. As against the equity capital of Rs 82.82 crore its reserves stood at Rs 1,342 crore. The investments in new assets during last couple of years pushed its borrowings to Rs 1,223 crore from Rs 1,203 crore. The debt equity ratio worked out to 0.86 for the year 2008-09 as against 0.94 in the preceding year. The gross fixed assets went up by 22.5 per cent to Rs 1,820 crore from Rs 1,486 crore. The company made additional investment of Rs 221 crore in assets and its capital-work-in-progress as at the end of March 2009 reached at Rs 223.97 crore. As at the end of 2008-09, Lupin has 13 subsidiaries and two associated companies.

S Ramesh, president - Finance & Planning pointed out, "Over the last five years, Lupin has registered a robust growth and outperformed its peers and markets the world over clocking a CAGR of over 30 per cent in revenues and 53 per cent in profits - beating both investor and analyst expectations. Within a short span of time, Lupin has scaled up its operations and consolidated its presence across segments as well as geographies."

Lupin is investing huge amounts in R&D to tap future opportunities in highly regulated markets with the help of over 550 scientists. Its R&D expenditure during the year 2008-09 reached at Rs 267 crore from Rs 204 crore in the previous year. This worked out to 7.1 per cent of its consolidated net sales. It developed sound capabilities across the spectrum of its research initiatives. The company filed 28 ANDAs and 11 US DMFs during 2008-09. The cumulative number of ANDA filings reached at 90, with 34 approvals grated by the US FDA. It entered into the niche area of oral contraceptives (OC) and it filed 7 OC ANDAs.

Its R&D activities now focus on Advanced Drug Delivery Systems (ADDS) as future growth driver and invested towards strengthening its ADDS capabilities. Lupin is planning to license its ADDS products to innovator companies. The company has set up facilities in Pune for its Bio-Availability and Bio-Equivalence clinical studies. This R&D centre commenced operations fully during January 2009.

The company has set up Biotech facility also and it has seven proteins in different stages of development at the end of 2008-09. Now it is exploring collaborative opportunities in the field of New Biological Formulations and New Biological Entities.

During 2008-09, Lupin acquired Hormosan Pharma GmbH in Germany, Generic Healthy Pty Ltd in Australia, Pharma Dynamics in South Africa and Multicare Pharmaceuticals Inc in Philippines. The company integrated these acquisitions to reduce the cost. Hormosan won the first tender in the German market for supplying Setraline in all 5 regions of Germany covering all Allglemeine Ortskrankenkassen (AOK) insured persons. Its acquisition of Kyowa during 2007-08 in Japan is also achieved impressive performance. These acquisitions will play important roll in the coming year.

"Our growth will be driven by increased generics adoption in the largest pharma markets of the world, namely the US, EU and Japan, as also other emerging markets. All of these combined will help us maintain our current status as the Indian generics player with the highest per-product-revenue and margins in most markets globally, propelled by our strong research capabilities and backed up by a strong backward integrated business model and superior manufacturing prowess that gives us unbeatable cost-leadership over all our peers," S Ramesh added

Karur Vysya Bank to raise upto Rs 300 crore (Part of Rakesh Jhunjhunwala Portfolio)

Private-sector lender Karur Vysya Bank has decided to raise up to Rs 300 crore through issuing of bonds.

The board of directors have already approved to raise Rs 150 crore by issue of unsecured redeemable non-convertible subordinated (Tier II) bonds (Series I), with an option to raise Rs 150 crore additional amount if the issue is oversubscribed. S

hares of Karur Vysya Bank closed on Friday at Rs 300. The counter has given over 50% of return in past sixth months to its investors.

JB Chemicals receives USFDA nod for Cetirizine tablets

JB Chemicals & Pharmaceuticals (JBCPL) has announced that it has received US food and drug administration (USFDA) approval to the company`s abbreviated new drug application (ANDA) for Cetirizine 5 mg. and 10 mg. tablets.

Cetirizine tablets are now sold over the counter (OTC) in USA. It has sales of about USD 1.4 billion in USA prior to it became OTC product. The company would manufacture these formulations at its state of art manufacturing facility at Panoli (Gujrat), which has already been classified as acceptable and GMP compliant by USFDA.

The company is in the process of negations with its marketing partners in USA for the launch of these products in USA. The approval has potential to further strengthen the company`s Rest of the World (RoW) business that has shown good growth in the last several years.

Provogue to enter Real Estate ( Part of Rakesh Jhunjhunwala Portfolio)

Provogue is planning to enter in residential development. 20-40% land from Prozone will be converted and used for residential project. Liberty International, which is Provogue's partner in Mall Destinations, will continue to remain partner even in the housing projects.

Aptech filed a petition with the US Securities & Exchange for an IPO for its subsidiary in China

Shares of Aptech Ltd, a global learning solutions company, gained 16.11% on the National Stock Exchange on Tuesday on reports that the firm had filed a petition with the US Securities and Exchange Commission for an initial public offering for its subsidiary in China.

Lupin net rises 25% ( Part of Rakesh Jhunjhunwala Portfolio)

Drugmaker Lupin recorded a 25% growth in its net profit at Rs 140.1 crore during the first quarter ended June 30, 2009, against Rs 112 crore in the corresponding quarter of the previous year, on the back of robust sales across its geographies.

The Mumbai-based company’s net sales also grew by 26% to Rs 1,085.6 crore during the quarter from Rs 862.3 crore in the year-ago period. Company has seen growth in all markets. While India grew phenomenally, growth was also good in the US and Japan. Innovative market strategies, focus on niche therapy segments and developing difficult-to-make products helped it post strong performance over the past 13 quarters.

Lupin has increased its R&D spend to Rs 68.5 crore, or 6.3%, of net sales. Correspondingly, the company’s tax liability fell to 20% this quarter (Rs 36.4 crore), against 22% in the year-ago period.

The company, which acquired a number of companies in FY09, continues to maintain its growth momentum in the US and Europe, with these markets contributing a third of its total revenues. Formulation sales for the US and Europe grew by 40% to Rs 355.1 crore from Rs 253 crore in the year-ago period, and contributed 45% of net sales for the quarter. Lupin’s Japanese subsidiary Kyowa contributed 12% of its overall revenues with a growth of 42% to Rs 130.7 crore during the quarter.

Lupin has received final approvals for two of its abbreviated new drug applications (ANDAs) from the US Food and Drug Administration (FDA), while it continues to work with the USFDA with respect to the warning letter issued by the US authority for its Mandideep plant.

Punj Lloyd gabs oreder worth Rs 167 crore from GAIL(Part of Rakesh Jhunjhunwala Portfolio)

The company has bagged order worth Rs 167 crore from GAIL, reports CNBC-TV18.

Aptech to launch 'English Express'

IT training and education major Aptech Ltd is all set to launch a new brand, proposed to be called English Express, to meet the needs of English language training in the country.

Aptech Ltd has already acquired four centres of Bangalore based First English Education Institutes Limited (FEEIL). Rebranding of is currently underway. In the next twelve, Aptech plans to open about 30 English Express centres across the country.

The company curently has diversified across various subsidiaries involved in businesses such as Aviation Training (Avalon), IT (Aptech Computer Education) and hardware training (N-Power). Besides, the company is also present in assessment solutions (ATTEST), content development (Aptech Learning) and animation education (Arena). Arena is currently the largest in animation education in the country.

The company will expand the centres overseas after reaching a particular scale in India. Currently, the company has operations across 35 countries such as China, Brazil, Russia, Vietnam and many African countries.

Indage promoters pledge 97% of their shares (Part of Rakesh Jhunjhunwala Portfolio)

The promoters of Indage Vintners Ltd have pledged at least 97.9% of their 25.42% stake in the company, an August analyst report of Bank of America Merrill Lynch said. The pledging of almost all the shares of the Chougule family marks a dramatic decline for the firm, which is short of working capital and has mounting debt due to overseas acquisitions.

A slowdown in the domestic market, where wine sales declined in the past few months, has also contributed to the tight financial position in the company.

Indage’s slide is also illustrative of a growth strategy gone wrong. Indage, formerly known as Champagne Indage Ltd, acquired three wineries in Europe in less than a year between 2007 and 2008 for approximately Rs500 crore.

“These overseas buys had resulted in a huge financial trouble for the company as these acquisitions did not deliver the expected revenue and also due to some previous liabilities of these entities that was to be paid off by the company,” said an executive who is leaving the firm.

In India, the company has vineyards on around 2,500 ha and wineries in Nashik, Maharashtra, and Himachal Pradesh with 20 varieties under commercial plantation and at least 137 varieties under nursery cultivation. It has at least 10 offices and around 700 employees globally.

Provogue India to buy back shares worth Rs 50 cr(Part of Rakesh Jhunjhunwala Portfolio)

Garments maker Provogue India today said it will buy back shares worth Rs 50 crore from its shareholders through open market route at Rs 100 a piece..

The buy-back is subject to necessary regulatory approvals.

Shares of Provogue India were trading at Rs 66.50 on the BSE, up 1.99 per cent from previous close.

Buy NCC, target of Rs 174: Motilal Oswal ( Part of Rakesh Jhunjhunwala Portfolio)

Motilal Oswal has recommended a buy rating on Nagarjuna Construction Company ( Part of rakesh Jhunjhunwala Holding) with price target of Rs 174 in its report dated August 4, 2009.

They have revised the earnings downward by 3% for FY10 and expect NCC to report net profit of Rs 1.9 billion in FY10 (+26%YoY) and Rs 2.4 billion (+24.8%YoY) in FY11. At CMP, the stock quotes at reported PER of 17.5x FY10 earnings of Rs 8.5 and 14.2x FY11E earnings of Rs 10.5.

As per Jun 09 shareholding pattern of Nagarjuna Construction Company, Rakesh Jhunjhunwala and his wife hold 6.51% (1,49,00,000) shares.

Company Update: Punj Lloyd (Part of Rakesh Jhunjhunwala Portfolio)

Punj Lloyd (Part of Rakesh Jhunjhunwala Portfolio) has completed its QIP placement with the issuance of 2.8 crore equity shares at Rs240.2/share (a premium of Rs238.2/share), raising funds to the tune of Rs670 crore.

The overall equity dilution post this QIP placement would be around 9.2% and the company’s total equity share capital would be Rs66.3 crore.

QIP proceeds will be used to strengthen its financial position, along with the option to use the funds for the likely acquisition of capital assets and equipment, augmenting working capital, investing in new initiatives, collaborations and joint ventures, among others.

Estimated revised EPS, after equity dilution, stands at Rs11.7 and Rs20.5 for FY2010E and FY2011E, respectively.

As per Jun 09 shareholding of Punj Lloyd, Rakesh jhunjhunwala continues to hold 1.66% (50,40,000 shares)

MiD DAY Pune readership crosses One lac mark (Part of Rakesh Jhunjhunwala Portfolio)

MiD DAY, a pro-innovation organisation, through this unique approach has managed to secure a readership of over 1,00,000 in Pune .

MiD DAY adopted its focussed; micro-distribution strategy to engage Young Urban Mobile Professionals whereby it distributed the newspaper only in key 7 upscale and commercial areas that has the paper’s desired core Sec A & B audiences.

MiD DAY, today, is the urban India’s favourite afternoon pick-me-up newspaper. A growing, loyal readership combined with a clear marketing and distribution strategy, has resulted in creating a profitable niche for the newspaper in the Pune market. It certainly has helped the brand to deliver the desired audience to advertiser base and clearly marks the success story in this region

MiD DAY, today, is the urban India’s favourite afternoon pick-me-up newspaper. A growing, loyal readership combined with a clear marketing and distribution strategy, has resulted in creating a profitable niche for the newspaper in the Pune market. It certainly has helped the brand to deliver the desired audience to advertiser base and clearly marks the success story in this region

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala continues to hold 4.26%(2,250,000 shares) in Mid - Day Multimedia.

Punj Lloyd Net Profit up 14% ( Part of Rakesh Jhunjhunwala portfolio)

Engineering, procurement and construction Co. Punj Lloyd (Part of Rakesh Jhunjhunwala Holdings) announced that its consolidated net profit increased by approx 14 per cent to Rs. 127.16 crore for the first quarter ended June 30, 2009 as compared to Rs. 111.85 crore in the the same period last year.

Total income rose to Rs. 2,979 crore from Rs. 2,658.16 crore.

The company has the order book of approx Rs 30,000 crores.

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala continues to hold (1.66%) 50,40,000 shares of Punj lloyd.

Angel Broking puts a target of Rs 299 for Punj lloyd ( Part of Rakesh Jhunjhunwala Portfolio)

Read a report by angel broking on Punj lloyd at http://www.livemint.com/2009/07/27091242/Angel-Broking-puts-BUY-on-Punj.html

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala continues to hold (1.66%) 50,40,000 shares of Punj lloyd.

Nagarjuna Construction raises Rs 100 cr via debentures ( Part of Rakesh Jhunjhunwala Portfolio)

Nagarjuna Construction ( Part of Rakesh Jhunjhunwala Holdings) has raised Rs 100 crore by issuing redeemable non-convertible debentures.The company's board has allotted 1000 secured re-deemable non-convertible debentures carrying an interest rate of 10.5 per cent each, aggregating Rs 100 crore. These debt securities are being listed on the National Stock Exchange.

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 6.51% (14,90,000) shares of Punj Lloyd.

Company Profile: Zen Technologies ( Part of Rakesh Jhunjhunwala Portfolio)

Zen Technologies Ltd., (Part of Rakesh Jhunjhunwala Holdings ) incorporated in 1993, is a pioneer in designing, developing and manufacturing training simulators. We aim to provide products and services, which facilitate robust, intelligent and world-class training.

ZEN is an ISO 9001:2000 (QMS) and ISO/IEC 27001:2005 (ISMS) certified company.

ZEN has an in-house R&D division recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India.

ZEN has been on the forefront of providing the state-of-the-art technologies to develop new products. Zen was the first company in India to commercialize PC-based visual simulation technology for small arms training simulators.

ZEN has developed an advanced interactive Firearms Training Simulator called Advanced Weapons Simulator (ZEN AWeSim?) with the option of integrating untethered weapons. ZEN AWeSim? can engage upto ten trainees simultaneously. The system provides 3D based targets and video-based scenarios for developing judgmental and reflex skills.

One of the widely accepted simulators designed, developed and manufactured by Zen is the Driving Simulators, which comes in two versions:

1.Driving Simulator (ZEN DS) for imparting basic driving skills.

2.Driving Training Simulator (ZEN DTS) for basic and advanced driving skills. The simulator comes with an optional motion platform.

Other simulators developed by ZEN include Small Arms Training Simulator (ZEN SATS?), Hand Grenade Simulator (ZEN HE36S?), Anti-Tank Guided Missile Simulator (ZEN ATGM? Sim), BMP II Integrated Missile Simulator (ZEN BMP II IMS), BMP II Driving Simulator (ZEN BMP II DS), Tactical Engagement Simulator (ZEN TacSim?), Forward Observer Simulator (ZEN FOS), Radar Scan Converter (ZEN RSC).

Zen understands the ever-increasing security needs, having worked closely with security forces in India. Zen simulators are the most widely installed simulators under use by Indian security forces. The majority of our sales are generated through repeat orders ? a testimony of the trust reposed by the clients.

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 10.54% (9,00,000 shares) of Zen technologies.

OnlineYogaSpace

Vadilal's Net Profit jumps 150% YOY ( Part of Rakesh Jhunjhunwala Portfolio)

Vadilal Industries (Part of Rakesh Jhunjhunwala holdings) has reported Jun 09 Qtr results with a net profit of Rs 7.958 crores as compared to Rs 3.176 crores in the corresponding period last year. Net Sales was Rs 71.704 crores Vs Rs 53.586 crores. EPS after extraordinary items is 11.07 as compared to 4.42 last year.

For last year 12 months Net Profit was Rs 1.087 crores with an EPS of 1.51

The major business of the Company i.e. ice-cream ext processed food products is of a seasonal nature, sales a well as profits during April to September period are usually higher than October to March period.

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala holds 2.78% ( 200,00 shares) of Vadilal Industries

Geometric has added 8 new customers in Qtr Mar - Jun 09 ( Part of Rakesh Jhunjhunwala Portfolio)

Operating revenue of Geometric Ltd (Part of Rakesh Jhunjhunwala Holdings) has decreased in Q1 FY10 at Rs 1,29.323 crores as compared to Rs 1,41.965 crores in the corresponding period last year.

The profit after tax (prior to extraordinary items) increased to Rs 8.523 crores, up 140.6 per cent from a loss of Rs 20.994 crores last quarter. The profit after tax after adjustments of extraordinary items was Rs 8.348 crores as against loss of Rs 20.521 crores for the previous quarter, an increase of 140.7 per cent. During the quarter, EPS increased 140.7 per cent to Rs 1.34 from last quarter (Rs -3.30).

There was an addition of eight new customers.In the last few quarters, Geometric focussed its efforts on driving efficiencies through building on existing customer relationships, leverage of existing competencies; conservation of resources; and building on adjacencies to create opportunities for future growth. With a view to achieve these efficiencies, the company initiated a major internal transformation and restructuring exercise, to drive customer centricity, rationalise infrastructure and costs, consolidate subsidiaries, monetise fixed assets and restructure capital.

Inspite of the volatility in the market and a challenging business environment, Geometric's performance has been in line with its plans. Geometric has increased its thrust on offshoring resulting in increased offshore revenues. Offshore revenues increased from 59.8 per cent in Q4 FY09 to 64 per cent this quarter.

As per Jun 09 shareholding pattern of Geometric, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala are holding 7.27% (4515000 shares) in the company.

Punj Lloyd: CNBC TV 18 Estimates ( Part of Rakesh Jhunjhunwala Portfolio)

As per the estimates of CNBC-TV18, Punj Lloyd's (Part of Rakesh Jhunjhunwala Holdings) profit after tax is likely to be approx 9.27% up at Rs 107.3 crore versus Rs 98.2 crore, YoY.

Net sales are estimated up by 13% at Rs 3,004.34 crore Vs Rs 2,648.75 crore and operating profit margin is also likely to be better at 8.68% from 8%, YoY.

The following factors are to be kept under watch:-

-With SABIC provisioning out of the way, growth should return to normal levels.

-Margins in international subsidiary have to be closely watched along with any other provisioning in new orders.

-Sustainable margins to remain below peer group for Punj given that huge growth in order book has been possible only due to extremely competitive pricing.

-Moreover, export margins are structurally lower than margins in India in similar projects due to greater competition.

-Management view on revival in order inflows (especially in the Hydrocarbon sector)-Bit the bullet on the SABIC dispute in FY09, writing off Rs 4.3 billion.

-Margins also under pressure in FY09 due to undisclosed cost overruns in the Heera platform development project for ONGC.

As per Jun 09 shareholding pattern of Punj Lloyd, Rakesh Jhunjhunwala is holding 50,40,000 shares.

Truth of Life

A blind boy sat on the steps of a building with a hat by his feet. He held up a sign which said: 'I am blind, please help.' There were only a few coins in the hat.

A man was walking by. He took a few coins from his pocket and dropped them into the hat. He then took the sign, turned it around, and wrote some words. He put the sign back so that everyone who walked by would see the new words.

Soon the hat began to fill up. A lot more people were giving money to the blind boy.. That afternoon the man who had changed the sign came to see how things were. The boy recognized his footsteps and asked,

'Were you the one who changed my sign this morning? What did you write?'

The man said, 'I only wrote the truth. I said what you said but in a different way.'

What he had written was: 'Today is a beautiful day and I cannot see it.' Do you think the first sign and the second sign were saying the same thing?

Of course both signs told people the boy was blind. But the first sign simply said the boy was blind. The second sign told people they were so blessed that they were not blind. Should we be surprised that the second sign was more effective?

Moral of the Story: Be thankful for what you have. Be creative. Be innovative. Think differently and positively.

Story about the Power of Compounding: 8th Wonder of the World

There was once a poet who fell upon such hard times that he was no longer able to feed his family. Hearing that the king greatly encouraged talent and was famed for his generosity, the poet set off for the Royal Palace.

When brought before the king, he bowed low and asked that he may recite a poem. On hearing his recitation, the king, well pleased, asked him to name his reward.

The poet, pointing to a finely wrought chess board before the king said " Your Highness, if you place just one grain of rice on the first square of this chess board, and double it for every square, I will consider myself well rewarded."

"Are you sure?" asked the king, greatly surprised. "Just grains of rice, not gold?"

"Yes, your highness" affirmed the humble poet.

"So it shall be" ordered the king and his courtiers started placing the grain on the chess board. One grain on the first square, 2 on the second, 4 on the third, 8 on the fourth and so on. By the time they came to 10th square, they had to place 512 grains of rice. The number swelled to 5,24,288 grains on the 20th square. When they came to the half way numbermark, 32nd square, the grain count was 214,74,83,648 - that is over 214 crores! Soon the count increased to lakhs of crores and eventuallythe hapless king had to hand over his entire kingdom to the clever poet. And it all began with just one grain of rice!

Moral of the Story: Never underestimate the power of compounding. If you stay invested long enough, it will work for you. A small sum invested every month from the beginning of your work-life can lead to a very impressive amount at time of your retirement.

Visit Brainwave Entertainment

Online Yoga Space

Rs 450 crore CAPEX Plan by LUPIN ( Part of Rakesh Jhunjhunwala Portfolio)

Lupin ( Part of Rakesh jhunjhunwala Holdings) is likely to strike one or two deals in Japan in the next two quarters. It could be licensing agreements/acquisitions. Luoin has chalked out an expendiyure plan of Rs 450 cr to be implemented in 2009 - 10.

The aim is to increase capacities in India, which will then service most of Lupin’s global markets.

Lupin made three acquisitions outside India in the last fiscal, buying stakes in Hormosan GmbH of Germany, Pharma Dynamics Co. of South Africa and Multicare Pharmaceuticals Philippines Inc. Lupin’s Indian operations will eventually support its Japanese subsidiary Kyowa Pharmaceutical Industry Co. Ltd as well. Kyowa contributed about Rs400 crore to Lupin’s overall revenue in 2008-09.

As per Jun 09 shareholding of Lupin, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 3018835 shares.

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Online Yoga Space

Punj Lloyd: 1st Target of Rs 250 achieved (Part of Rakesh Jhunjhunwala Portfolio)

Dear friends, Punj Lloyd ( Part of Rakesh Jhunjhunwala holdings) today closed above Rs 250 and that is a positive sign.

It is likely to go up up to Rs 275 - Rs 300 very soon.

I am also very bullish about Alok Industries as I have already written about it in the previous post.

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Yoga Space

Short term call on Alok Industries (Not a part of Rakesh Jhunjhunwala Portfolio)

I am sure, all of you would be surprised to see this post about Alok Industries, which is not a part of Rakesh Jhunjhunwala Portfolio.

In Textile space, Alok Industries has been one of my favourites. Due to its huge expansion programme, which is on track and the fact that the international economy is likely to recover by next year, I feel in next 3-5 years, it should be somewhere 200 - 300 mark. The present cost is Rs 20.

Short term Call: I feel the stock is likely to touch atleast Rs 35 in next 1-2 months, upside of 75%. Wish You all the best.

Informative site on yoga http://www.onlineyagaspace.com

Prime Focus News ( Part of Rakesh Jhunjhunwala Portfolio)

During the year ending 31 Mar 09, Prime Focus (Part of Rakesh Jhunjhunwala Holding) had acquired the following companies through its wholly owned subsidiary Prime Focus Investments Limited registered in UK:

a. Post Logic Studios ;
b. 1800 Vine Street;
c. Frantic Films Services INC. (now known as Prime Focus VFX Services I INC.)
d. Frantic Films Software INC. (now known as Prime Focus VFX Technology INC)
e. Frantic Films VFX Services INC, (now known as Prime Focus VFX Services II INC)
f. Frantic Films USA INC. (now known as Prime Focus VFX USA INC)
g. Frantic Films Pacific INC. (now known as Prime Focus VFX Pacific INC)
h. Frantic Films Australia Pty. Ltd. (now known as Prime Focus VFX Australia Pty Ltd.)

The Company incorporated wholly owned subsidiary Prime Focus Motion Pictures Ltd and acquired entire share capital of GVS Software Private Ltd during the year.Based on the above, the consolidated results for the year ended March 31, 2009 are not strictly comparable with the corresponding previous year ended March 31, 2008.

During December 2008, the Company amalgamated its wholly owned subsidiary, Storemedia Technologies Pvt. Ltd (STPL) with effect from January 01, 2008, the appointed date, after receipt of the court order.

The Company has till the period ended December 2008 adjusted the foreign currency exchange differences on amounts borrowed for acquisition of fixed assets including the mark to market losses on derivative contracts, to the carrying cost of fixed assets in compliance with Schedule VI to the Companies Act, 1956, which was at variance to the treatment prescribed in Accounting Standard (AS 11) on "Effects of Changes in Foreign Exchange Rates" notified in the Companies (Accounting Standards) Rules 2006.Pursuant to the amendment to Schedule VI with effect from March 31, 2009, the Company has now adopted the accounting treatment as per AS 11 and provided all the necessary foreign exchange difference in its Profit and Loss Account. As a result of this, the earlier qualification in Limited Review Report by statutory auditors for the period ended December 31, 2008 is now resolved. Consequent to change in accounting policy as above, there is an additional charge of Rs. 407.20 lakhs on profit for the financial year ended March 31, 2009.

The Company had issued Foreign Currency Convertible Bonds (FCCB´s) for US$ 55 million in December 2007. These FCCB´s are convertible into equity shares on or before December 2012 at the option of the investors. The management believes that the bonds are a non monetary liability and hence, the exchange gain/loss on translation of FCCB liability in the event of redemption has not been recognized. The Company has not revalued the FCCBs of US$ 55 million at the exchange rate prevailing as at March 31, 2009 and March 31, 2008 in accordance with AS 11 and not provided for the premium payable on redemption of these FCCBs. Had the Company revalued the bonds as at March 31, 2009, the profit for the year ended March 31, 2009 and the reserves as at that date would have been lower by Rs 208.3 million and Rs 219.0 million respectively and Foreign Currency Monetary Item Translation Difference account would have been Rs 416.7 million. Further, had the Company provided for the premium on redemption, the securities premium as at March 31, 2009 would have been lower by Rs 269.1 million. Consequent to the above, the FCCB balance at March 31, 2009 would have been higher by Rs 904.8 million. This was the subject matter of qualification in the Limited Review Report by statutory auditors for the period ended December 31, 2008 and continues to be the subject matter of qualification in their Audit Report for the year ended March 31, 2009.

As per Jun 09 shareholding pattern, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 8,82,500 shares of Prime Focus.

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