Equity Portfolio of Rakesh-Jhunjhunwala

Provogue consolidating between Rs 40 and Rs 70 since May 09

2011-05-01T08:39:00.000-07:00

Provogue is being held by Rakesh Jhunjhunwala for a long time now. Sice May 09, the stoch is trading in a ragnge between Rs 40 to Rs 70. Presently the stock is again at Rs 42. I would recommend you all to start adding again. Traders may off load between Rs 65-70/-. Incidentally, the stock is at 6 year low. In Jul 05, the stock was at Rs 40.

Bilcare is a must buy between Rs 380-Rs450

2011-05-01T02:33:00.000-07:00

Hello Friends, With Bilcare annulised EPS estimated to be closed to Rs 60 per share, it is very attractively priced. At Rs 420, it is trading at 7 Price to Earning (PE). The stock had touched its life time high price of Rs 1700 on weekly closing basis in Dec 07.

At present the stock is trading at a 7 year support price and risk from here on is minimal . I suggest investors and swing traders (for 2 - 6 months) take position now.

Apart from rakesh Jhunjhunwala's stake, institutional and domestic interest is very high.

Rakesh Jhunjhunwala Buys Kingfisher Airlines

2010-08-14T19:36:00.000-07:00

From the news it is learnt that Rakesh Jhunjhunwala has picked up a stake in Kingfisher Airlines with a longer horizon. But the stake is less than 1% as it is not seen in the shareholding pattern at http://www.bseindia.com/

In last one year, Jet Airways has moved up from 127 to 730 and Spice jet moved up from 20 to 66 where as Kingfisher has moved up from 45 to 53. Ramesh Damani is very bullish on Kingfisher as well as Spice Jet. If there is any likey development, Kingfisher Airlines may move up sharply to its life time high of Rs 290.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!Over 55,000 satisfied customers worldwide!

Buy Autoline Industries; target of Rs. 162: IIFL

2010-07-13T08:29:00.000-07:00

IIFL is bullish on Autoline Industries and has recommended buy rating on the stock with a target of Rs. 162. According to IIFL, after trading sideways for almost 10 months, Autoline Industries has given breakout from falling channel last week after the stock successfully managed to close above the upper range of channel corresponding at Rs. 136 with good volumes.

Autoline Industries is medium sized engineering and auto ancillary Company, manufacturing sheet metal components, sub-assemblies and assemblies for large OEMs in the Automobile Industry. The company is engaged in manufacturing various auto parts / sheet metal components for passenger cars, Sports Utility Vehicles (SUV), commercial vehicles, two wheelers, three wheelers, tractors, etc.

IIFL says, the company's breakout from falling channel is likely to trigger positive momentum in the near term with upper range of resistance getting converted to support zone. IIFL is expecting buying momentum in the counter to remain upbeat in coming week and hence advise buying stock in range of Rs. 143-146 with stop of Rs. 140 for target of Rs. 162. With the recommendation target price Rs. 162, if the stock is bought at Monday's closing price of Rs. 145.20, the percentage of gain would be 10.37 percent.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Ambit Capital Maintains 'Buy' on Punj Lloyd. Target : Rs 185

2010-07-10T09:44:00.000-07:00

Please click here to read the report.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Report on Praj Ind by First call

2010-07-07T08:09:00.000-07:00

Please Click here to read the report.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Sharekhan recommends `Buy` on Provogue India : Traget Rs 95

2010-07-07T07:49:00.000-07:00

Please click here to read the report.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Provogue India enters real estate

2010-06-27T07:53:00.000-07:00

Provogue India, which one of the best known apparel brands of the country has forayed into the real estate sector of India. On Friday last, the company made this announcement. Partnering with Prozone enterprises the company has selected Aurangabad where it plans to develop real estate properties on an area of 300,000 sq. feet. Provogue India announced that it plans to start off with this project by October this year. According to the Managing Director of the company, Mr. Nikhil Chaturvedi, the said project will comprise residential properties along with malls.

The company also plans to start similar residential projects towards the end of 2010 in three more places namely Coimbatore, Nagpur and Indore. In addition, Provogue India will be setting up 75 countrywide stores in 2011 and for this purpose it will be investing about 35 crores.

Close on the heels of Provogue India’s initiative, a few other leading apparel brands of the country like Century textiles, Alok Industries and Bombay Dying are also planning to jump into the real estate bandwagon, thanks to the booming economy which has led to a healthy increase in land rates.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Prime Focus Film VFX completes work on Universal Pictures‚ Robin Hood

2010-06-23T09:48:00.000-07:00

Prime Focus, one of the world's largest visual entertainment services groups, has completed work on Universal Pictures‚ epic action-adventure Robin Hood, from director Ridley Scott. Over the course of four months, the Film VFX division in the UK delivered 150 VFX shots for Robin Hood. The film, which stars Oscar-winners Russell Crowe and Cate Blanchett and is produced by Oscar-winner Brian Grazer, opened in cinemas in the US on May 14.

One of the main sequences upon which Prime Focus worked involved creating CG bees for scenes involving Friar Tuck (portrayed by Mark Addy). Tuck, who's a beekeeper in the action-adventure, uses his bees to attack enemy soldiers he's trapped in a building. The bees explode from their hives and swarm around soldiers who desperately try and swat them away.

Director Scott had very specific ideas for the scene, and the team worked closely with him and VFX producer Allen Maris to make sure the shots were up to their standards. Because the bees were swarming around, it was difficult to render them in layers, so everything was modeled in 3D and then tracked and match-moved using SynthEyes. Creating the entire environment in 3D made the rendering and compositing simpler and allowed the team to position everything correctly in the 3D space. This way Scott's vision of where the bees were placed could be realized.

The lighting and sheer number of bees also made the scene more challenging. "The general mood of these shots is quite dark but also features some stronger shafts of light within the room," said Steve Street, joint MD/senior VFX supervisor, Prime Focus Film VFX. "The difficulty was finding a happy medium where the CG was lit realistically, but where it was light enough to see the bees. As the bees had to pass through the shafts of light, the extra lighting had to be very subtle. We also had to deal with several thousand bees, so motion blur was critical. We ended up having to add a lot of hand-animated bees into the foreground...to add detail where the simulation wasn‚t good enough on its own."

Prime Focus completed a number of other shots on the film, including designing more than 40 additional bee shots, creating CG arrows and swords for battle scenes in which people were stabbed or shot, as well as crafting matte paintings, green screens, fire and other FX additions.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Construction stocks on solid ground

2010-06-23T09:26:00.000-07:00

Improving order flows and higher infra investments will drive earnings growth of companies over the next two years.

Construction companies, which had seen their growth rates take a hit in the last two years consequent to the economic slowdown and liquidity crunch, are once again ready to bounce back. Their new order inflows have seen a visible pick up in the recent past, especially the March quarter. However, analysts believe that this is just the beginning and there’s lot more to come. Notably, the government is also taking some right steps that should improve order flows and activity levels. On the other hand, a benign input costs scenario along with mildly firm interest rates suggests that the business environment will remain conducive for growth. A majority of companies have managed to keep their debt levels under check, which should help them fund future growth. Analysts expect earnings of most companies to grow by 20-30 per cent annually over two years, as compared to sub-10 per cent in the past few quarters. If the momentum in infrastructure investment is sustained, expect earnings growth to remain strong even beyond 2011-12.

Opportunities galore
Companies under HSBC Securities’ coverage have seen their order inflow rise almost 50 per cent year-on-year to over Rs 13,000 crore in the March 2010 quarter, the absolute order inflow crossed its all-time highs seen 16 quarters ago. This has led to their order book to sales ratio rise to 3.56 times (indicates high revenue visibility), which is marginally below the four-year peak of 3.68 times seen in June 2006 quarter. There is little difference in the trend as captured by other research houses like IDFC Securities or Prabhudas Lilladher. Notably, smaller companies have also seen a rise in new orders, suggesting that the trend is turning secular. “We believe we are at the early stage of a cyclical upturn,” wrote HSBC’s analysts.

On a broader level, too, even as the government is running behind its infrastructure investment target at $437 billion for the eleventh five-year plan, things are changing for the better. Experts say that implementation of the B K Chaturvedi report is helping eliminate delays in awarding road projects as well as improving access to capital—a trigger for increasing private sector participation. The introduction of model concession agreement would facilitate investments in India’s ports sector, say IDFC Securities' analysts. HSBC's analysts add that the government is making some right moves by assigning quarterly performance targets to task. All these should help improve order flow (by 20-25 per cent annually) and execution.

The confidence over robust order flows also stems from the government’s move of setting an ambitious infrastructure investment target of $872 billion for the 12th five-year plan. Very recently, the Planning commission has also begun work towards approaching the 12th plan, which should help lower hurdles and achieve growth targets.

Profitability to remain healthy
While improving business is positive, construction companies should also benefit from a benign medium-term outlook for input prices. For instance, steel and crude-based input prices are likely to remain soft consequent to concerns over weak global demand. Likewise, the commissioning of large capacities in India should keep cement prices under check. Nevertheless, most companies have over 75 per cent of their orders covered by price-variation clause, which should protect them if input prices rise. However, a benign price environment helps enhance project viability (due to lower costs) while easing working capital pressure for companies. On the interest rate front though, the concerns over inflation are likely to see some increase in rates. Hence, the impact, if any, is unlikely to be significant. Companies, too, have reduced their leverage levels resulting in strong balance-sheets.

Infra plays
All these developments have led analysts to upgrade their earnings growth estimate for construction companies, which they estimate will range 17-26 per cent over the next two years. The markets have already sniffed the change environment, which is why stocks of construction companies have outperformed the broader markets in recent past. Nevertheless, stock valuations are still attractive. Given that the longer-term outlook is expected to only improve, investors could buy into stocks with a one-three year perspective.

Among individual companies, IVRCL Infrastructures and HCC have successfully diversified their business and geographical portfolio in the past with current presence spanning water, irrigation and roads among others. Interestingly, their earnings are expected to grow at the fastest pace as compared to others and hence are good bets. In case of HCC, there’s potential for value unlocking too, which should happen when it goes for a separate listing of its real-estate subsidiary, Lavasa Corporation. Similarly, while Nagarjuna Construction’s outlook is good led by robust order inflows, progress over its 1,320 Mw power plant should provide further trigger to the stock. In L&T’s case too, there is scope for value unlocking through listing of different subsidiaries. However, the near-term returns from the stock look limited and hence, investors could buy it on dips.

Patel Engineering, a big player in the hydro-power space wherein investment opportunities of over Rs 50,000 crore exists, has been gradually enhancing presence in the roads segment, while its real estate business is also gaining ground. While its long-term prospects look good, Prabhudas Lilladher’s analysts cite lower order flows (due to focus on niche segments) and high equity requirements (over Rs 2,000 crore in three-four years) in projects as some concerns.

India’s largest road sector company, IRB Infrastructure, should gain from the pickup in road infrastructure investments. It recently tied-up (equal venture) with Reliance Infrastructure to bid for an over Rs 5,000 crore national highway project, which if successful will boost its portfolio.

Overall, barring a sharp cut down in government spending or jump in interest rates (both very unlikely), the prospects of the sector look good. Continuing robust infrastructure investments should improve growth visibility for companies going forward, which should provide trigger for some re-rating too.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Nagarjuna Construction to sell 49% in power plant

2010-06-22T09:29:00.000-07:00

After Gayatri Projects, another Hyderabad-based company is looking to divest stake in a power project. Nagarjuna Construction (NCC) plans to sell 49% equity in its flagship thermal power project, coming up at Sompeta in Srikakulam district of Andhra Pradesh, to a strategic partner.

Notably, Gayatri Projects recently inducted Singapore-based Sembcorp as a strategic partner for one of its thermal power projects coming up in Andhra Pradesh.

The 2,640 mw (4X660 mw) Nagarjuna Construction project is estimated to cost Rs 12,000 crore. The first phase, with a capacity of 1,320 mw, would cost about Rs 7,000 crore.The company plans to have a debt-equity ratio of 3:1.

Based on this, the equity requirement would be around Rs 1,750 crore for the first phase.

“We will offer about 49% of the equity and keep the majority equity with us. The debt is being secured through loans from institutions including the Rural Electrification Corporation and the Power Finance Corporation,” the official said.

The company plans to sell the power in the open market on a merchant basis.

According to sources, it would take another month for the company to achieve financial closure and about 45 months from the date of financial closure for the unit to become operational. The power project is being executed by NCC Power Projects Ltd, which is a subsidiary of NCC apart from NCC Urban, which focuses on urban infrastructure.

The company is looking at a land bank of 1,890 acres in total for various requirements including meeting the statutory green belt development. It is estimated to have about 1,200 acres already available with it, while the remaining land is still being acquired.

The company has tied the coal linkage for the plant with Mahanadi Coalfields and South Eastern Coalfields. “The plant’s location is closer to Mahanadi. We can also use the sea route to import coal since the government has allowed us to import about 30% of the coal required for the plant,” the source said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Rakesh Jhunjhunwala Adds 3.75 lakh shares of VIP Industries

2010-06-22T09:12:00.000-07:00

Rakesh Jhunjhunwala added 3.75 lakh shares of V.I.P. Industries on 21 Jun 10.

The latest acquisition takes Rakesh Jhunjhunwala's total holding to 16.43 lakh shares or 5.81 % of paid up capital of the company.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Punj Llyod aims at playing it big in power sector

2010-06-01T19:33:00.000-07:00

Diversified company Punj Lloyd is gearing up to provide end-to-end solutions to power projects in the country.

The company is engaged in executing power projects on engineering, procurement and construction (EPC) basis. It also provides balance of plant equipment (other than boilers, turbines and generators) to power stations.

"We execute projects on EPC basis ... Our aspiration is to execute turn-key projects," Punj Lloyd Director, Corporate Affairs, Luv Chhabra told PTI.

In turnkey power projects, the company's scope of work includes sourcing, erection of equipment, civil works and commissioning of the project. At present, Punj Lloyd sources its equipment from abroad for the execution of power projects.

"We don't manufacture equipment but we source it from all over the world and then commission fully the projects," Chhabra said.

"So far we are doing BOP (Balance of Plant) equipment for 600 MW and 1,200 MW power projects, currently we are working on four power projects," he said.

The company supplied, erected the steel structures, civil work including power house, auxiliary buildings, cooling towers, drainage and road for the 1,000 MW coal-based thermal power project of Jindal Power Ltd.

Punj Lloyd recently won the solar-based contract worth Rs 232 crore for installing water treatment plants in Bihar from the state government.

The contract for 850 solar-powered water treatment plants for removal of arsenic and fluoride across multiple districts in Bihar will be implemented on a turnkey basis.

The contract will be executed by Punj Lloyd Group''s renewable energy arm, Punj Lloyd Delta Renewables.

Punj Lloyd is also providing solar lighting for the Commonwealth Games Village in Delhi.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Lupin set to acquire second generics firm in Japan

2010-06-01T19:25:00.000-07:00

Mumbai-based drug maker Lupin Ltd is close to making its second acquisition in Japan, where it became the seventh largest generics player after buying local firm Kyowa Pharmaceuticals Ltd in 2007 for $100 million (Rs46.5 crore today).

The target company is in the generic injectable drugs segment, and will likely be valued in the same range as Kyowa, according to a person familiar with the development. The new deal will be signed in six-eight months, this person said.

“We are scouting for an acquisition in the injectable segment as the hospital segment is one area that we are interested,” confirmed Lupin’s chief financial officer S. Ramesh, adding that the firm’s balance sheet is strong enough to fund a strategic acquisition through either internal accruals or debt, if need be.

“But it will be difficult to put a number or the size of acquisition that we are looking for in that market,” he added.

The company has not yet mandated any bankers specifically for this deal, Ramesh said.

Lupin had worked with multiple bankers for the Kyowa deal, including Nomura Securities Co. Ltd, Goldman Sachs and Morgan Stanley, to explore opportunities for strategic buys in Japan. Nomura had also advised Lupin on the acquisition.

Another Lupin executive said the company is scouting for growth opportunities through acquisitions, joint ventures and local alliances in product segments where it does not have a significant market presence.

“Injectables is one such market segment that we are interested in,” he said, declining to be named because the company is not in a position to officially disclose any details.

The new acquisition in the Japanese market is targeted at increasing Lupin’s presence to all potential product segments as early as possible to take the first mover advantage, said a sector analyst with a foreign brokerage, on condition of anonymity.

In an April report, based on interviews with Lupin executives, the India unit of foreign brokerage Elara Securities (India) Pvt. Ltd said Lupin is looking for another acquisition in Japan to make a strong entry in the hospital segment, and that the focus of the upcoming deal was likely to be a distribution company in that segment.

The $80 billion Japanese drug market is opening up for generic products from local as well as foreign drug makers. The government announced a policy in 2008 to encourage the use of cheap generic drugs to ease the strain on public finances from a large population of the elderly.

The Japanese government plans to convert at least 30% of the country’s prescription drug market to low-cost generics or off-patent drugs by 2012. Generic drugs currently command 17% of the market there.

“Lupin appears to be executing well to ensure strong growth over the next three years, driven by the strong product flow, and continuing a scale-up in various markets such as India, (the) US, Japan, the EU (European Union), SA (South Africa), Turkey and Latin America,” investment bank Morgan Stanley said in a 6 May report.

In an earlier interview to Mint, Lupin group president and executive director Nilesh Gupta said the Japanese market was of “strategic focus” for the firm. “The Japanese market holds immense potential for global generic pharmaceutical companies like ours,” he said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

New R&D unit coming up at Lupin to develop products for emerging markets

2010-06-01T19:20:00.000-07:00

Domestic drug major Lupin, which recently restructured its new drug research programmes, will set up a research and development (R&D) centre to exclusively develop generic drug products for the emerging markets in Latin America, Africa and Australia.

To employ 50 to 60 people, it is expected to be ready in Aurangabad in three months, said Nilesh Gupta, group president and executive director. Lupin currently has an R&D team of 700-plus scientists.

The new centre would allow Lupin to file product dossiers for marketing approvals in all emerging nations. The centre will also cater to Japan. Lupin’s business in that country currently comes through its subsidiary there, Kyowa Pharmaceuticals.

The attempt will be to get some products from Lupin also registered in Japan to augment its product basket. Kyowa has its own R&D and manufacturing facility in Japan.

The parallel research facility will allow entry into newer markets without diluting the current focus of Lupin’s R&D team to make regulatory filings in the US and European region. Lupin had filed a record 37 product registration filings and 19 bulk drug or raw material registration filings with the US Food and Drug Administration during 2009-10. Fourteen regulatory filings were made with European authorities during the same period.

The product registration will form the basis of Lupin’s expansion plans in these regions. The company is on the lookout for acquisitions in countries like Brazil and Mexico to build marketing muscle to promote its branded generics. “Once the stage is set for new product launches, we will evaluate how to develop a marketing network in these countries,” said Gupta.

Most of Lupin’s factories are operating at over 90 per cent capacity. New facilities – its Special Economic Zone at Indore being a major location for future production centres – are expected to be in tune with growth targets.

“We will not set up idle capacities. Our manufacturing locations will keep adding product lines as and when required. We have decided to introduce one new therapeutic area each year. Addition of dedicated manufacturing facilities will happen as volumes go up in each of these categories. We have been spending Rs 400-500 crore annually during the last three years towards capacity expansion. This investment will continue for some more years,” said Gupta.

He said the company had completely restructured its new drug research programmes. If the earlier research was focused mainly on developing herbal-based drugs and known molecules, the focus now was to develop unique first-in-class drugs (new ones which other companies aren’t trying to develop). The company would look at out-licensing these products to multinational drugmakers, he said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Karur Vysya net rises 42% on interest income

2010-05-30T03:54:00.000-07:00

While Karur Vysya Bank's net rose 42.48 per cent to Rs 336.03 crore for the fiscal 2009-10 from Rs 235.84 crore a year ago, the bank's year-on-year growth in net profit has, for the first time, crossed the Rs 100-crore mark, its Managing Director and CEO, Mr P.T. Kuppuswamy, said.

Attributing this achievement to improvement in its net interest income by 37.64 per cent to Rs 564.90 crore (Rs 410.41 crore) and containing of NPAs, Mr Kuppuswamy said the bank's relentless drive to maintain asset quality despite increase in advances portfolio helped reduce the gross NPA to 1.72 per cent from 1.95 per cent, a year ago.

The total business crossed the Rs 32,000-crore mark to reach Rs 32,946.85 crore as on March 31, 2010 from Rs 25,664.29 crore at the end of the earlier fiscal.

Deposits rise 27%

Deposits grew 27.62 per cent to Rs 19,271.85 crore (Rs 15,101.39 crore), while advances increased 29.46 per cent to Rs 13,675 crore (Rs 10,560.50 crore).

The bank has written off bad debts to the extent of Rs 36 crore.

To a query on the increase in employee cost from Rs 122.86 crore to Rs 163.27 crore (as at end March 2010), he said “we have fully provided for the wage revision. The provision is of the order of Rs 18 crore. Adhoc payment of 10 per cent is being made in lieu of bi-partite wage settlement.”

The bank's operating profit during the fourth quarter of the 2009-10 fiscal increased by 63 per cent to Rs 123.36 crore from Rs 75.59 crore during the corresponding period of the earlier fiscal. Net profit rose 18 per cent to Rs 98.91 crore (Rs 83.82 crore) and net interest income up 65 per cent to Rs 163.86 crore (Rs 99.39 crore)

The bank's board has proposed a 120 per cent dividend for the third year in a row. According to Mr Kuppuswamy, this would be seventh successive year of the bank declaring a dividend of 100-plus per cent. The KVB scrip closed at Rs 501.05 on the BSE on Thursday, down 1.21% against the previous close.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Punj Lloyd Engineering mulls acquisition in West Asia+

2010-05-30T03:51:00.000-07:00

Punj Lloyd Engineering a design and engineering company providing services in the plant, product and infrastructure sectors is looking at acquiring a company in the Middle East or other geographies as part of its inorganic growth plans.

Mr Sanjay Goel CEO of PL Engineering said that the company's parent would consider the possibility of raising debt to fund the acquisition of an engineering services company catering to the automobile, aerospace or heavy equipment sectors. He said that "We will be looking at acquiring companies primarily in West Asia and other new geographies. About 30% to 35% of our revenues currently come from the Middle East where we are keen to grow our presence.”

Mr Goel said that the company is not averse to acquiring a product-based engineering company in India if the right opportunity comes along. He added that "So far, we have only looked at organic growth. We have not talked to potential acquisition targets thus far, as our inorganic growth plans are still in the nascent stage. Hence, it would be premature to talk of deal sizes at this point of time."

PL Engineering, a wholly owned subsidiary of Punj Lloyd Ltd, is a major engineering services outsourcing player with a focus on oil and gas, power and infrastructure. It provides design and engineering solutions in the areas of plant design for oil and gas companies engaged in offshore and onshore field development, refining units, chemical and petrochemical plants, thermal and nuclear power plants.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Hold Punj Lloyd With Stop Loss Of Rs 130: Salil Sharma

2010-05-30T03:47:00.000-07:00

Stock market analyst Salil Sharma is of the view that investors can 'hold' Punj Lloyd Ltd stock with stop loss of Rs 130.

According to analyst, the investors can exit at Rs 165.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Vadilal Industries net profit rises 427.52% in the year ended March 2010

2010-05-30T03:45:00.000-07:00

Net profit of Vadilal Industries rose 427.52% to Rs 5.75 crore in the year ended March 2010 as against Rs 1.09 crore during the previous year ended March 2009. Sales rose 27.70% to Rs 188.91 crore in the year ended March 2010 as against Rs 147.93 crore during the previous year ended March 2009.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Good upside for SREI Infra stock is seen from levels of 82: Ashit Suri

2010-05-30T03:41:00.000-07:00

Ashit Suri , Fundamental Research Analyst, JV Capital Services, spoke to ET Now and gave his views on SREI Infra stocks. Excerpts:

Why do you like SREI Infra?

The company is NBFC which is into infrastructure finance and project and advisory services. The company has been performing extremely well. For the March quarter, it has posted results of a net profit of 121%, sales have gone up by around 57%. Going ahead, this company is likely to be amalgamated with Quippo Infrastructure which is an equipment bank. It also has a tie up with Tata Telecom infrastructure space. This is going to bring in huge synergies. The management is very positive on loan growth growing by over 30%. If we had to see valuations for SREI Infra, the stock is trading at a PE of just 6.4 times trailing earnings as compared to an IDFC which is set around 18 times PE trailing. Even in terms of book value, the stock trades at one time book value against 3.4 times for IDFC and going ahead, the market cap of the company which is 1200 crore post amalgamation is likely to reach 2500 crore. So I see a good upside for this stock from these levels of 82 and we have been recommending this stock to our clients for medium to long term investment.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Nagarjuna Construction's Q4 net jumps three-folds

2010-05-30T03:36:00.000-07:00

Nagarjuna Construction Company has declared that its fourth quarter net profit has gone up to three-folds. It has announced its financial results for the fiscal year 2009-10 and it has managed to post an impressive rise in net profit figure.

The company has posted a consolidated net profit of Rs 102.61 crore for the quarter that ended in 31st March, 2010. This net profit figure has grown up by three times in this quarter as compared to the same quarter in the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange.

The total income of the firm has grown up to Rs 1,522.71 crore during the January-March period of fiscal year 2009-10. It was Rs 1,098 crore for the same quarter last year.

The annual consolidated net profit of the company was reported to be Rs 286 crore for the year under review with a hike of 54.59 %.

The board has decided to recommend a dividend of Rs 1.30 per share to the shareholders for the financial year 2009-10.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Lupin gets FDA nod for high blood pressure tablets

2010-05-30T03:34:00.000-07:00

Pharma major Lupin Ltd has received FDA approval for its losartan potassium and hydrochlorothiazide tablets, the drug regulator’s website showed on Tuesday.

Losartan potassium and hydrochlorothiazide tablets are used to treat high blood pressure.

No other details were available immediately.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Geojit to open 75 new branches (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-30T03:27:00.000-07:00

Broking firm Geojit BNP Paribas Financial Services plans to open 75 new branches this year.

A large part of these branches would be in South India, Geojit BNP Paribas Financial Services Managing Director C J George told reporters here.

The firm also plans to reach out to investors in semi-urban and semi-rural areas.

In April this year, the NAV of its portfolio grew by 12.17 per cent when compared to Sensex decrease of 0.75 per cent and 'CNX' Nifty decrease of 0.22 per cent, he said.

On a trailing 12 months basis, the portfolio increased by 124.92 per cent vis-a-vis 53.97 per cent increase in Sensex and CNX Nifty increase of 51.97 per cent.

During the year, the assets under management (AUM) crossed the Rs 10,000-crore mark, he said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

McNally Bharat Engineering Company (Rs 297.60): From The Hindu Business Line

2010-05-30T03:22:00.000-07:00

Since March 2009, the stock has been on a steady long-term uptrend. However, marking an all-time high of Rs 385, the stock started to decline and has been on a short-term downtrend since then.

The stock fell 11 per cent last week, penetrating its long-term uptrend line conclusively signalling cautiousness. At this juncture, investors can take partial profits off the table as the downtrend is likely to prolong further.

A decline below Rs 270 can pull the stock lower to Rs 240 or Rs 210 in due course. As long as the stock trades below Rs 330 the short-tern trend remains down. An emphatic move above Rs 330 would mitigate the negative short-term view and can take the stock higher to Rs 380.

Long-term investors can stay invested with deeper stop-loss at Rs 190.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Geojit BNP Paribas consolidated FY 2010 net profit at Rs 57 crores

2010-05-30T03:14:00.000-07:00

At its meeting at Kochi on 28th May 2010, the Board of Directors of Geojit BNP Paribas Financial Services has approved the audited accounts for 2009-10 and proposed a dividend of 75 paise on the paid-up value of Re.1 per share for 2009-10. The company had given dividend of 50 paise per share for 2008-09.

For the financial year ended 31st March 2010, Company's consolidated revenues has grown by 58 percent from Rs.192 crore to Rs.304 crore. Consolidated PBT went up to Rs 77 crore from Rs 12 crore, while Consolidated Net Profit for the fiscal was Rs 46 crore as against Rs.2 lakhs. The company has also provided Rs 28 crore for taxes for the fiscal year 2009-10.

On a standalone basis, the gross income went up by 81 percent from Rs 159 crore to Rs 288 crore. The total cost went up by 48 percent from Rs 139 crore to Rs 206 crore. The Profit After Tax went up by 280 percent from Rs 15 crore to Rs 57 crore.

The Earnings Per Share (Diluted) for the fiscal year ended Mar.'10 (Apr.'09 to Mar.'10) on Re.1 per share is Rs 2.06.

Managing Director Mr.C.J.George said, "We have aggressive plans to grow our Portfolio Management Services (PMS) among high net worth resident individuals as well as non residents. For the month of April 2010 the NAV of our portfolio grew by 12.17 percent during the month when compared to Sensex decrease of 0.75 percent and CNX Nifty decrease of 0.22 percent. On a trailing 12 months basis, the portfolio increased by 124.92 percent vis-à-vis 53.97 percent increase in Sensex, and CNX Nifty increase of 51.97 percent. During the year, the Assets Under Management of Brokerage Services, Mutual Funds and Portfolio Management Services crossed the Rs 10,000 crore mark."

"Since the launch of FLIP(Financial Investment Platform), our online investment platform, we are seeing growth in volumes and clients via this channel. New features and products are being added as clients enjoy trading conveniently and efficiently on a secure advanced platform."

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Punjlloyd`s Result out: Great Stock at a great price for investors with 3-5 year horizon

2010-05-28T23:47:00.000-07:00

Punj Lloyd Ltd has announced the following results for the quarter & year ended March 31, 2010:

The Unaudited results for the Quarter ended March 31, 2010

The Company has posted a net profit after tax of Rs 1393.10 million for the quarter ended March 31, 2010 as compared to Rs 596.30 million for the quarter ended March 31, 2009. Total Income has decreased from Rs 19862.60 million for the quarter ended March 31, 2009 to Rs 12971.60 million for the quarter ended March 31, 2010.

The Audited results for the Year ended March 31, 2010

The Company has posted a net profit after tax of Rs 3674.00 million for the year ended March 31, 2010 as compared to Rs 3211.00 million for the year ended March 31, 2009. Total Income has increased from Rs 69473.00 million for the year ended March 31, 2009 to Rs 72305.10 million for the year ended March 31, 2010.

The Consolidated results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2010

The Group has posted a net loss after minority interest and Share of Profits of Associates of Rs (3008.70) million for the quarter ended March 31, 2010 as compared to net loss of Rs (2556.40) million for the quarter ended March 31, 2009. Total Income has decreased from Rs 32306.20 million for the quarter ended March 31, 2009 to Rs 17751.20 million for the quarter ended March 31, 2010.

The Audited consolidated results for the Year ended March 31, 2010

The Group has posted a net loss after minority interest and Share of Profits of Associates of Rs (1084.20) million for the year ended March 31, 2010 as compared to net loss of Rs (2252.90) million for the year ended March 31, 2009. Total Income has decreased from Rs 119865.60 million for the year ended March 31, 2009 to Rs 105524.20 million for the year ended March 31, 2010.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Provogue's Prozone Enterprise (P) Ltd to spend $1 billion over next five year to build 50 Prozone shopping malls

2010-05-28T23:05:00.000-07:00

Prozone Enterprises (P) Ltd, a wholly owned subsidiary of Provogue India, has charted plans to tap the potential in the business of mall development. Prozone Enterprises, a retail real estate development company, is targeting to build 50 Prozone shopping malls with an estimated investment of $1 billion over the next five years.

Prozone Enterprises is now developing more than 12 million sq. ft. of modern retail space in India, primarily in tier-II cities such as Raipur, Jaipur, Indore, Mysore and Aurangabad.

"We would be investing roughly $1 billion, which would be financed jointly with our development partners," said Prozone CEO, Mr Tim Eynon.

Earlier, Prozone entered into a joint venture agreement with the Omaxe Group to develop malls. "Each mall costs us around $40 million," Mr Eynon said, adding that the company was also in talks with other developers such as the Rustamji Group and Jaypee for other joint ventures. While the joint venture partner invests in the land, Prozone takes care of developing the mall, its design, architecture, leasing and property management, he added.

Further, the company also plans to roll out food and entertainment centres, branded `Zonz` in its upcoming malls and other malls. The company would invest roughly around Rs 50 crore in its outlets, for which, it plans to enter into revenue sharing model with its tenants.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Provogue Q4 net profit down at Rs 3.8 cr (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-28T03:16:00.000-07:00

Provogue has declared its fourth quarter results of FY10. It has reported net profit of Rs 3.8 crore as against Rs 8.3 crore (YoY).

Net sales increased to Rs 155 crore from Rs 78.3 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 2.88 per share till the December quarter results of 2009. The stock's price-to-earnings (P/E) ratio was 14.55. The latest book value of the company is Rs 58.81 per share. At current value, the price-to-book value of the company was 0.71. The dividend yield of the company was 0.72%.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

McNally Bharat Engineering strong 4QFY2010: Target Rs 486 Angel Broking

2010-05-28T03:06:00.000-07:00

McNally Bharat Engineering (MBE)’s 4QFY2010 Sales and Adj. PAT growth of 19% and 142%, respectively, was ahead of our estimates. MBE’s strong performance was on the back of a higher EBITDA margin and lower interest outflow. The major improvement was on the EBITDA front, where margins expanded by 165bp, from 5.6% (4QFY2009) to 7.3% (4QFY2010). Interest costs for the quarter declined by 55% yoy. Overall, MBE’s FY2010 performance was ahead of our expectations. Going ahead, we expect the company to be on a strong growth path for the next few years, on account of its robust order book (2.6x FY2010 revenue). We have marginally revised our estimates upwards on account of better-than-expected sales, and maintain our Buy recommendation on the stock.

Strong, execution-led growth: MBE’s (standalone) sales for the quarter grew by 19%; however, its EBITDA grew by 54%, on the back of better execution and cost control. Overall interest costs for the quarter declined by 55% yoy, due to better working capital management and a reduction in the average cost of borrowing. The overall Adj. PAT for the quarter increased by 142% to Rs24cr from Rs10cr (4QFY2009). For the full year FY2010, standalone sales grew by 50% to Rs1,448cr (from Rs968cr in FY2009), while the EBITDA margin improved by 80bp to 6.8% (from 6%).

Outlook and Valuation: We believe that an improving economic scenario (indicated by a revival in the IIP), the continuous government focus on infrastructure spend and a pick-up in private capex augurs well for the companies providing EPC solutions for the core sectors of the economy. The overall emerging opportunities for MBE are expected to be around Rs51,600cr over FY2010-15E. Given MBE’s strong track record, we believe that it is well placed to capitalise on such opportunities. MBE’s current consolidated order book stands at Rs5,110cr (2.6x FY2010 revenue). Going ahead, over FY2010-12E, we estimate the company to register a CAGR of 28% and 35% in Sales and Profit, respectively. We maintain our Buy recommendation on the stock, with a revised Target Price of Rs486.

Key highlights of FY2010 (McNally Bharat Engineering Co, Standalone)

- The total revenue increased by 50%, on the back of strong execution and a robust order inflow.

- The company improved its EBITDA margin by 80%, on account of faster execution and better cost control.

- Total adjusted PAT for the year increased by 123% to Rs43cr (from Rs19cr).

Key highlights of FY2010 (McNally Sayaji, Standalone)

- The total revenue increased by 53%, on the back of strong execution and a robust order inflow.

- The EBITDA margin for the company declined by almost 400bp, on account of a one-time staff cost (change in gratuity law).

- Total adjusted PAT for the year increased by 28% to Rs25cr (from Rs19cr).

Strong order inflow continues

MBE's Order inflow has been on the rise, having increased from Rs700cr in FY2005 to Rs3,334cr in FY2009, posting a CAGR of 48% over the mentioned period. For FY2010, the company ended the year with an order book of Rs4,550cr, while we estimate that on a consolidated basis it stood at Rs5,150cr. The management has further indicated that bids for order worth Rs1,300cr have been placed and the outcome of the same is expected during the year.

Key takeaways from the Conference call

- The management expects the Power sector to be the key growth driver for the company over the next few years. The key opportunity areas are in Material handling solutions (which include coal handling, coal washer, desalination plant and RO plant).

- After bagging 2 BoP-based orders (770 MW), MBE is qualified to bid for all ranges of BoP projects across the power sector. BoP projects have margins in the region of 7-8%; however, the margin improves once a company starts executing a higher range of projects. Hence, going ahead, MBE plans to focus on improving the average size of the orders in the BoP segment.

- Going ahead, MBE plans to build up its skill set in Cement, and the Oil and Gas industry, as it plans to diversify its order book.

- McNally Sayaji plans to invest Rs65cr in setting up a new facility for its product, while the Parent MBE plans to have a capex of Rs45cr.

- A decision on the rights issue would be taken by June 2010.

- Overall, the management has outlined a revenue target of around Rs5,000cr by FY2013E, of which MBE standalone would stand at Rs4,000cr, MSE at Rs600-700cr and the CMT group (international subsidiary) at Rs500cr.

Outlook and Valuation

We believe that an improving economic scenario (indicated by a revival in the IIP), the continuous government focus on infrastructure spend and a pick-up in private capex augurs well for the companies providing EPC solutions for the core sectors of the economy. The overall emerging opportunities for MBE are expected to be around Rs51,600cr over FY2010-15E. Over the longer term, the Port and Steel Sectors are likely to offer the highest opportunity of Rs22,200cr, while the Power and Mining Sectors are likely to be the key growth drivers in the near term. The government's strong focus on the Power Sector, through "Power for all by 2012", is expected to result in an expansion of generation capacity in the Sector, leading to higher opportunities for BoP players.

We believe that MBE is well placed to seize the upcoming opportunities in the above-mentioned sectors, due to the following reasons: 1) Vast experience in the different EPC Segments across sectors, 2) Presence in the high-Margin Product Segment through its subsidiary, McNally Sayaji, and 3) Access to key global technology for ash handling and mineral beneficiation. MBE's consolidated Order Book at the end of 4QFY2010 stood at Rs5,110cr, or 2.6x FY2010 sales, which renders high Revenue visibility for the company. Going ahead, over FY2010-12E, we estimate the company to register a CAGR of 28% and 35% in Sales and Profit respectively.

We have marginally revised our estimates upward for FY2011E and FY2012E, on account of the better-than-expected performance in FY2010.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Nagarjuna Construction FY10 net profit up 56% at Rs 2.83 bln

2010-05-28T03:01:00.000-07:00

Nagarjuna Construction Company Ltd Tuesday its 2009-10 (Apr-Mar) consolidated net profit jumped 56% on-year to Rs 2.83 billion.
Consolidated net sales rose 23% to Rs 58.97 billion, the company said in a filing with the Bombay Stock Exchange.
On a standalone basis, Nagarjuna Construction said its Jan-Mar net profit grew 169% on-year to Rs 1.03 billion.
Net sales for the three-month period rose 39% to Rs 15.21 billion.
The company said its order book stood at Rs 153.70 billion as on Mar. 31.
Nagarjuna board has recommended a dividend of Rs 1.30 a share.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Nagarjuna Construction Q4 net jumps three folds (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-28T02:58:00.000-07:00

Nagarjuna Construction Company said that its net profit jumped nearly three folds to INR 102.61 crore for the Q4 ended March 31 over the same period last year.

Nagarjuna Construction in a filing to the Bombay Stock Exchange said that the total income rose to INR 1,522.71 crore in the January to March quarter from INR 1,098 crore in the same period previous fiscal.

As per the reports the board has proposed a dividend of INR 1.30 per share for the year ended 2009 to 2010.

The reports added that for the year ended March the company has posted a consolidated net profit of INR 286 crore up 54.59 % over the same year ago period.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Bilcare Net Profit up 24% (Part of Rakesh Jhhunjhunwala Portfolio)

2010-05-28T02:34:00.000-07:00

Consolidated Net profit of Bilcare for the quarter ended March 2010 rose by 24% to Rs 35.64 crore on the back of 9% increase in the net sales to Rs 269.23 crore and healthy expansion in margins by 130 bps to 26.4%. Depreciation declined by 3% to Rs 13.04 crore and effective tax rate fell by 60 bps to 25.5%.

On standalone basis, total income from operations increased by 20% to Rs 151.81 crore. Operating profit margins rose by 140 bps to 30.8% lifting operating profit to increase by 25% to Rs 46.78 crore. Interest cost increased by 51% to Rs 8.34 crore and depreciation rose by 17% to Rs 6.20 crore resulting, PBT to increase by 22% to Rs 32.24 crore. Dip in the effective tax rate by 390 bps to 31% led net profit to increase by 29% to Rs 22.25 crore.

Consolidated Quarterly Performance

Total income from operations registered a marginal growth of 9% to Rs 269.23 crore for the quarter ended March 2010. Other operating income rose by 35% to Rs 8.10 crore leading total income from operations to increase by 10% to Rs 277.33 crore. Operating profit margins expanded 130 bps to 26.4% resulting operating profit to increase by 15% to Rs 73.14 crore. Consumption cost as percentage to sales, net of stock adjustment fell by 180 bps to 54% and employee cost decline by 190 bps to 8.8% resulting in the expansion of the margins. On flip side, other expenditure has increased by 150 bps to 10%. Interest cost increased by 12% to Rs 12.23 crore while depreciation decline by 3% to Rs 13.04 crore, respectively. As a result, PBT moved up by 23% to Rs 47.87 crore. Dip in the effective tax rate by 60 bps to 25.5% has led net profit to increase by 24% to Rs 35.64 crore.

Consolidated Yearly Performance

For the year ended March 2010, total income from operation increased by 23% to Rs 1065.47 crore. Operating profit margins expanded 190 bps to 24.4% resulting operating profit to increase by 34% to Rs 259.70 crore. Interest cost increased by 12% to Rs 43.89 crore and depreciation rose by 42% to Rs 53.67 crore resulting, PBT to increase by 38% to Rs 162.14 crore. Dip in the effective tax rate by 130 bps to 27.9% boosted net profit to increase by 41% to Rs 116.87 crore.

Other information

The company on 12^th January 2010 allotted GDR with 2986341 underlying equity shares of the Face Value of Rs 10 each to Deutsche Bank Trust Company Americas as the Depository.
The company on 17^th March 2010 allocated 2493484 equity share of Rs 10 each upon conversion of the FCCB's issued at the reset price of Rs 483.28 per share, including premium. Consequently, the paid up equity share capital of the company stands increased to Rs 226878900 divided into 22687890 equity share of Rs 10 each.

Valuation

The scrip is quoting at Rs 500 on BSE. The EPS for the year ended March 2010 is at Rs 51.5 and PE worked out to be 9.7 times.

Bilcare: Consolidated Financial Result

	1003(03)	0903(03)	Var. (%)	1003(12)	0903(12)	Var. (%)
Net Sales	269.23	246.82	9	1047.48	856.02	22
Other Operating Income	8.10	6.02	35	17.99	7.71	133
Total income from Operations	277.33	252.84	10	1065.47	863.73	23
OPM (%)	26.4	25.1		24.4	22.5
OP	73.14	63.40	15	259.70	194.21	34
Other income	0.00	0.00	0	0.00	0.00	0
PBIDTA	73.14	63.40	15	259.70	194.21	34
Interest	12.23	10.88	12	43.89	39.25	12
PBDT	60.91	52.52	16	215.81	154.96	39
Depreciation	13.04	13.49	-3	53.67	37.84	42
PBT	47.87	39.03	23	162.14	117.12	38
Tax	12.23	10.21	20	45.27	34.18	32
Net Profit	35.64	28.82	24	116.87	82.94	41
EPS	62.8	50.8		51.5	36.6
* Annualised on current equity Rs 22.69 crore. Face Value: Rs 10 per share Var. (%) exceeding 999 has been truncated to 999 LP: Loss to Profit PL: Profit to Loss Figures in Rs crore Source: Capitaline corporate database

Bilcare: Standalone Financial Result

Standalone Financial Result	1003(03)	0903(03)	Var. (%)	1003(12)	0903(12)	Var. (%)
Net Sales	145.71	121.86	20	549.65	471.33	17
Other Operating Income	6.10	5.13	19	14.83	4.98	198
Total income from Operations	151.81	126.99	20	564.48	476.31	19
OPM (%)	30.8	29.4		29.3	27.5
OP	46.78	37.32	25	165.53	130.84	27
Other income	0.00	0.00	0	0.00	0.00	0
PBIDTA	46.78	37.32	25	165.53	130.84	27
Interest	8.34	5.53	51	26.39	19.74	34
PBDT	38.44	31.79	21	139.14	111.10	25
Depreciation	6.20	5.29	17	26.56	18.78	41
PBT	32.24	26.50	22	112.58	92.32	22
Tax	9.99	9.26	8	37.30	31.62	18
Net Profit	22.25	17.24	29	75.28	60.70	24
EPS	19.6	30.4		43.7	17.6
* Annualised on current equity Rs 22.69 crore. Face Value: Rs 10 per share Figures in Rs crore Source: Capitaline corporate database Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer! Over 55,000 satisfied customers worldwide!

Prime Focus Expands 3D Capabilities Worldwide

2010-05-22T02:34:00.000-07:00

Prime Focus, the global visual entertainment services group, announced expansion of its global Stereoscopic 3D (S3D) channel.

The company’s new 65,000 sq.ft world headquarters in Mumbai, which will house seven S3D theaters and over 600 artist seats, along with a complete slate of visual effects, post and production services, is undergoing a few finishing touches.

At its Hollywood studio, efforts will be re-focused exclusively on delivering S3D creative services including 2D-to-3D conversions and S3D editorial & visual effects for entertainment clients in film, television, advertising, and mobile content. To support this expansion, Prime Focus is building out 200 new artist seats, and has upgraded much of its pre-existing post infrastructure (DI suites, Telecine Bays, and Theatres) into S3D-enabled spaces supporting both RealD and Dolby stereo projection. In addition, plans are in progress to build a new 45-seat stereo-enabled screening room.

At Prime Focus London, a 2D-to-3D conversion pipeline has recently been installed, and the company plans to expand into a new space to accommodate an additional 200 visual effects artists.

Namit Malhotra, Global CEO and Founder, Prime Focus said, “All of these efforts are in response to the growing demand from our clients who are clamoring for high-quality S3D content. Our global expansion will give us the capacity to support many more projects simultaneously.”

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Geojit Bnp - Board to consider Dividend

2010-05-22T02:24:00.000-07:00

Geojit BNP Paribas Financial Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 28, 2010, inter alia, to consider and to take on records, the Audited Financial Results of the Company for the year ended March 31, 2010 and to consider recommendation of dividend, if any for the financial year 2009-2010.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Alphageo India to consider dividend

2010-05-22T02:17:00.000-07:00

Alphageo India to consider dividend Board meeting on 28 May 2010 The board meeting of Alphageo India will be held on 28 May 2010 to approve and adopt the audited financial results for the year ended 31 March 2010 and to recommend dividend, if any, on the equity shares of the company for the year ended 31 March 2010.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

To invest Rs 40cr in FY11 for exapnsion: JB Chemicals

2010-05-22T02:04:00.000-07:00

JB Chemicals has announced its fourth quarter FY10 results. The company’s revenues are up 6.47% at Rs 170.08 crore. Its net profit is up 118% at Rs 26.97 crore.

In an interview with CNBC-TV18, JB Mody of JB Chemicals, spoke about his outlook for the company post results.

Here is a verbatim transcript of an exclusive interview with JB Mody on CNBC-TV18. Also watch the accompanying video.

Q: How did the quarter look for you because your profits have surged quite a bit. You have reported a close to Rs 30 crore versus Rs 12 crore that you did last quarter last year. On the sales front as well it has not been a bad quarter for you. How has the business shaped up?

A: As far as the first quarter is concerned, it is quite encouraging and we uphold that we will achieve our objective. Our press release, which we released in the first week of May, we hope that as far as our growth factor is concerned, it will remain and we will continue to grow.

Q: You have seen a 21% operating profit margin. Do you think you could hold on to that level and what growth are you talking about? How much of a jump are you expecting in FY11?

A: In FY11 we hope that we will continue to grow. Due to the steps we have taken during 2009-2010, it will definitely give us the reasonable dividend and also the growth. We are investing around Rs 40 crore for modernization and the efficiency in the formulation factory at Kalaiya and Panoli. We are investing in R&D for formulation as well as increase our field force in to the marketing.

Q: What’s the kind of growth you are talking about in FY11 because on a standalone basis your total income has dipped a bit on a consolidated basis? It’s just increased meager 3%. What’s the kind of growth that you are targeting? You have seen a lot of volatility in terms of a foreign exchange. This year it has supported you all because you have done a gain. The previous year there was a loss of about Rs 19 crore. What are you expecting in terms of your hedging policy?

A: As far as the hedging policy is concerned, we have already covered up our sales that we are doing. We have already covered up for 2010 and 2011 also. Not only 2010 and 2011, even from 2011 and 2012 some portions of our sales or 2011 and 2012 also we have powered it up.

Q: Will there be no volatility?

A: There is no, as far as JB Chemicals is concerned we are fully protected as far as volatility is concerned.

Q: Just one word on that Rs 40 crore that you plan to invest. Where would you get the funds from?

A: It is all internal resources.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Praj Industries to hold board meeting

2010-05-22T02:01:00.000-07:00

The board meeting of Praj Industries will be held on 29 May 2010 to consider and approve the audited accounts for the financial year ended 31 March 2010.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Zen Technologies net profit declines 84.15% in the March 2010 quarter

2010-05-22T01:09:00.000-07:00

Net profit of Zen Technologies declined 84.15% to Rs 2.91 crore in the quarter ended March 2010 as against Rs 18.36 crore during the previous quarter ended March 2009. Sales declined 70.44% to Rs 13.95 crore in the quarter ended March 2010 as against Rs 47.19 crore during the previous quarter ended March 2009.

For the audited full year, net profit declined 9.32% to Rs 16.84 crore in the year ended March 2010 as against Rs 18.57 crore during the previous year ended March 2009. Sales declined 17.20% to Rs 52.23 crore in the year ended March 2010 as against Rs 63.08 crore during the previous year ended March 2009.

Particulars	Quarter Ended			Year Ended
	Mar. 2010	Mar. 2009	% Var.	Mar. 2010	Mar. 2009	% Var.
Sales	13.95	47.19	-70	52.23	63.08	-17
OPM %	24.95	45.96	-46	34.10	35.40	-4
PBDT	3.98	21.83	-82	20.33	22.50	-10
PBT	3.80	21.70	-82	19.74	21.98	-10
NP	2.91	18.36	-84	16.84	18.57	-9

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Srei Infra plans global fund (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T09:05:00.000-07:00

Kolkata-based Srei Infrastructure Finance is planning to launch a dedicated global fund with a corpus of minimum $500 million.

"We are looking for an international infrastructure fund with a corpus of minimum $500 million," Srei Chairman and Managing Director Hemant Kanoria said today.

Srei Joint Managing Director Saud Siddique said they would look for an anchor investor for the fund, before going ahead with aggressive roadshows. "We hope to take 10-15 per cent in this proposed fund," he said.

Srei had a few domestic infrastructure funds and accumulated assets under management at Rs 800 crore, before the redemption of about Rs 350 crore recently.

Speaking on the company's financial results, Kanoria said that the consolidated net profit for 2009-10 stood at Rs 155.86 crore, nearly 90 per cent over the previous fiscal.

The consolidated turnover was Rs 9,000 crore, of which Rs 6,000 crore was generated by Srei Equipment Finance and rest by parent company Srei Infrastructure.

In 2010-11, the company is aiming for a business of Rs 12,000 crore on a consolidated basis. Srei Infra's standalone net profit was Rs 111.49 crore, as against Rs 50.36 crore registered in 2008-09.

Kanoria said that the company has received five road projects, with equity interest varying from 10 to 49 per cent in respective consortiums. The total cost incurred for building 1,000 km of roads would be Rs 5,000 crore, he added.

Commenting on the proposed merger of Quippo with Srei, Kanoria said the process was on and would take eight-nine months to complete. "The net worth of the company will move up to Rs 2,500 crore from the current Rs 1,200 crore, and it will help us in leveraging to raise funds," he added.

Srei was planning to raise a debt of about Rs 8,000-9,000 crore during the current fiscal to meet its disbursement targets for the year.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

SREI Infra Q4 net up, targets 25-30% growth in FY11

2010-05-12T09:02:00.000-07:00

The equipment and infrastructure finance company SREI Infrastructure Finance has declared its fourth quarter results of FY10. It has reported net profit of Rs 46.2 crore as against Rs 4 crore. Income from operations increased to Rs 279.2 crore from Rs 185.5 crore.

In an interview with CNBC-TV18, Hemant Kanoria, CMD, SREI Infrastructure Finance Ltd, speaks about the results and his outlook for the company.

He expects 25-30% growth in FY11.

Here is a verbatim transcript of the exclusive interview with Hemant Kanoria on CNBC-TV18. Also watch the accompanying video.

Q: Just walk us through what has led to the big expansion on your top-line first?

A: Actually, this year the results have been much better than our expectation. We were thinking that it will take a longer time for the economy to come back to normal, but infrastructure thrust, which was given by the government, has really helped.

We have seen that the top-line has grown by about 15%, but the bottom-line has grown by almost about 90% on a consolidated basis. Also, our disbursement has risen to about Rs 9,000 crore compared to Rs 6,600 crore which was there last year. So there has been a growth of about 36% on the disbursements. There has been a growth of about 31% on the assets under management, so our book has grown from Rs 10,000 crore to Rs 13,200 crore.

The profit has gone up on a consolidated basis to Rs 156 crore after taxes compared to Rs 82 crore which was there last year. So if we look at it, there has been a substantial growth in all this particular areas. We are back on track to the infrastructure growth.

Q: Your margins were pretty strong at 5% in Q3, what have you been able to report on a net interest margin (NIM) basis this time around?

A: We have been able to maintain that, so after provisions and all, it is about 4.7%. That is also because of the fact that the interest cost was coming down and though we are expecting the interest cost may go up from the third quarter this year, but now it has not substantially happened. So that has also helped us to maintain our profitability and NIMs.

Q: So given the strong trajectory you have seen in Q4, what kind of clip do you think you can work at FY11?

A: The guidance is always on a conservative basis, so last year also we felt that we should be in a position to grow at 25-30%, but the profits have grown at about 90%. So the team has done an excellent job, but at the same time we do not want to be very aggressive where this year is concerned. So we do not know the interest rates may go up and what other stimulus package the government may withdraw. What kind of effects that we can have with the problems we have in Greece and all the other places in Europe. On a conservative basis, 25-30% is what we should be in a position to maintain, but we will have to see as the quarters go by that where do we actually get to.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

SREI Infrastructure Finance Board recommends Dividend of Rs 1.20 for 2009-10 (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T08:59:00.000-07:00

SREI Infrastructure Finance Ltd has announced that the Board of Directors of the Company at its meeting held on May 11, 2010, inter alia, has recommended dividend of Rs. 1.20 (i.e. 12%) per Equity Share of Rs. 10/- each fully paid up of the Company.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Srei Infra sees loans rising 30 pct in FY11 (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T08:55:00.000-07:00

Srei Infrastructure Finance Ltd expects loan disbursements to rise 30 percent in the year to March 2011, a top official said on Tuesday.

The equipment and infrastructure finance company sees net interest margins at 3-3.5 percent in the current year, Sunil Kanoria, vice chairman, told Reuters over the telephone from the eastern city of Kolkata.

Its loan book size as at March was at 130 billion rupees, he said.

Earlier, the company posted a 90 percent rise in FY10 net profit to 1.55 billion rupees on better interest margins. "With availability of long-term funds for lending to infrastructure space, we expect disbursement to rise. This will help profits grow," he said.

Srei accesses funds mainly from banks, which pass on the reduction in interest rates with a time-lag.

The firm deliberately slowed disbursements to avoid taking risky assets on its books during the economic slowdown in the first half of the last fiscal.

The infrastructure project finance group is focussing on growing portfolio in the power, ports, roads, aviation, oil and gas, mining, logistics, industrial parks, telecommunications, SEZs and urban infrastructure, Kanoria said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Punj Lloyd In Consortium Bags Project For Rs.2,056 Cr. In Abu Dhabi (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T08:41:00.000-07:00

Punj Lloyd Group announced bagging of an EPC contract for Shah Gas Development Project in Abu Dhabi in consortium with Technicas Reunidas of Spain. The consortium will execute the gas gathering package for the project.

The project that is valued at Rs.2,056 crore by Abu Dhabi Gas Development Company includes development of pads, flow lines, inter pad lines, transfer lines and overhead lines. The project is scheduled to be completed by 2014.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

'Go long on Punj Lloyd at Rs 140-145' (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T08:38:00.000-07:00

ET Now caught up with Devang Visaria, Chief Strategist, Devangvisaria.com, to find out his outlook on Punj Lloyd.

Is Punj Lloyd looking weak on the charts?

Punj Lloyd has been one of the gross underperformers in the capital goods/infrastructure space and from a high of Rs 185 in mid-April, it has already dipped to around Rs 145 odd levels. Support should come in closer to Rs 140-141, but this stock lacks momentum in either ways and even the decline was very slow. You would have a 2-3% fall on a daily basis and it would just keep on sliding down. So, there is no momentum in this stock. Possibly, at around Rs 140-145 range, you could look for going long for a pullback rally back to Rs 156-160 kind of levels.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Provogue arm to launch three housing projects (Part of Rakesh Jhunjhunwala Portfolio)

2010-05-12T08:29:00.000-07:00

Prozone Enterprises, a joint venture between Provogue India and UK’s Liberty International is planning to launch three residential projects in Indore, Nagpur and Coimbatore by the year-end.

The first phase of the housing project will span 34 acres across the three cities, said Salil Chaturvedi, deputy managing director, Provogue India. “We have done this to leverage our mall assets,” said Chaturvedi.

Prozone is set to launch a 570,000 sq-ft retail mall in Aurangabad in July and will also follow up its commercial launches in Nagpur and Coimbatore in the coming years.

He said there was an additional 400,000 sq-ft of land in Aurangabad, whose value was yet to be unlocked by the firm. The move is part of Provogue’s plan to diversify from its core apparel retail business and grow its sales, Chaturvedi added.

Chaturvedi said the developed value in the first phase of the residentail project at Indore was pegged at Rs 3.5 billion. Prozone, in which Provogue owns 75 per cent stake and Liberty International the rest, is talking to hospitality players to sale or lease part of its huge land bank. “Hospitality is very location based. You can’t partner with just one single player,” he added.

The total land bank under Prozone is around 150 acres, said Chaturvedi.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

J B Chemicals standalone net moves up by 28.3%, dividend at 100%

2010-05-06T09:12:00.000-07:00

J B Chemicals & Pharmaceuticals, a Mumbai based Rs 670 crore pharma major, has achieved better net profit growth during the year ended March 2010 despite lower net sales. Its standalone net profit increased by 28.3 per cent to Rs 101 crore from Rs 78.74 crore in the previous year. However, its standalone net sales declined by 7.3 per cent to Rs 670.06 crore from Rs 723.15 crore. With improvement in bottom line, its earnings per share improved to Rs 11.98 as against Rs 9.34 in the previous year.

The company management stepped up equity dividend to 100 per cent for the year 2009-10 as against 50 per cent paid in the last year. This will absorb Rs 19.68 crore including dividend distribution tax.

The company's consolidated net sales increased by 3.3 per cent to Rs 740.97 crore during 2009-10 and its net profit went up sharply by over 360 per cent to Rs 118.75 crore.

In order to support future growth, the company during the year 2010-11 plans to invest total of about Rs 40 crore in further modernization and efficiency enhancement of the formulations facility at Kadaiya and Panoli. Further, it will invest in new R&D activities, which will inter alia facilitate filing of new products registration applications in important markets. The company is also increasing its field force to strengthen rural marketing initiatives in domestic market as well as increase in marketing activities in Russia & CIS countries to provide additional impetus to the marketing plans. These initiatives are expected to provide new growth opportunities. All these investments will be met out of internal accruals.

Keeping in view future growth objectives, the board of directors has approved acquisition of 10 acres of land at Pharma specific Special Economic Zone at Panoli for setting up formulations unit. Subject to necessary approvals, the company plans for this proposed unit to be functional by fourth quarter of 2012-13.

J B Chemicals has placed an increased focus on domestic formulations business and encouraged by the success of key brands, the company has chalked out a plan to strengthen its foot prints in rural market that holds enormous growth potential. It would continue to follow aggressive marketing strategics particularly in key markets of Russia and CIS countries where the company's major sales come from OTC range of products.

It has entered into newer contract manufacturing opportunities with several leading multinational for supply of Lozenges.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

B Chemicals to set up 600-mln-rupee unit in Gujarat

2010-05-06T09:10:00.000-07:00

Drug formulations and active pharmaceutical ingredient (API) maker JB Chemicals and Pharmaceuticals Ltd plans to invest about 500-600 million rupees to set up a new unit in Gujarat by FY13, its top official said on Thursday.

"The investment will happen in FY12 and FY13 and the plant will be operational in the fourth quarter of FY13," President Pranabh Mody told Reuters in a telephone interview.

The new unit has been planned to meet growth in formulations business and company's key product, lozenges, he added.

The drugmaker would spend about 400 million rupees to modernise its present unit at Panoli and the other at Kadaiya in the Union Territory of Daman and Diu in FY11, he added.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Lupin Q4 net up 40 pc; declares dividend of Rs 13.5 per share

2010-05-06T09:05:00.000-07:00

Pharma firm Lupin on Wednesday said it has posted growth of 40.18 per cent in net profit at Rs 220.62 crore for the fourth quarter ended March 31, over the same period a year ago.

Total income rose to Rs 1,338.6 crore for the quarter ended March 2010, from Rs 1,069 crore over the same period previous fiscal, Lupin Ltd said in a filing to the Bombay Stock Exchange (BSE).

The company's board of directors has proposed a dividend of Rs 13.50 per equity share of face value of Rs 10 each to the shareholders of the company.

Shares of the drug firm reacted positively to the results and surged nearly five per cent to touch a year-high level of Rs 1,833 on the BSE from previous close.

"Lupin has had a very strong year where we have continued to outperform across business segments and markets," Lupin MD Kamal K Sharma said.

Lupin's Japanese subsidiary Lyowa contributed to 11 per cent of the company's total revenues at Rs 534 crore, registering growth of 21 per cent, the filing added.

For the year ended March 31, Lupin has posted net profit of Rs 681.6 crore, up 35.91 per cent over the year-ago period.

Lupin's South African subsidiary, Pharma Dynamics grew 57 per cent to Rs 132 crore, it said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Infomedia18 sells unit to US company

2010-05-06T09:02:00.000-07:00

Infomedia 18 Ltd, a media company which is part of Network 18 group that owns television channels like CNBC TV18 and Awaaz, has sold Glyph International, its publishing content services business, to Cenveo Inc. Cenveo is the third largest graphics communication company in North America.

As part of the plan, Infomedia will transfer the entire equity stake of Glyph International in four of its subsidiaries — Glyph International Ltd, Cepha Imaging Pvt Ltd, Glyph International US LLC and Glyph International UK Ltd — to Cenveo subsidiaries in India and US, the company said.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Rallis India a buy: Geojit BNP Paribas Financial Services

2010-05-06T08:59:00.000-07:00

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Rallis India.

Rallis is in some areas which have been very popular like seeds, agrochemicals, fertilisers, contract services to people like Bayer, Syngenta, Cheminova. Do you think there is an uptick of a revaluation of this entire group because that is where the private equity money is moving in?

When we initially came out of the buy report, Rallis was hovering around 650-700. Post that, our initial targets were around about 1200. Of course this was before we saw the performance of Rallis and the newer contracts that it has entered into with the MNC companies. Later on, we also heard that the project at Dahej where they are planning a capex and could possibly be on stream by July 2010.

Given the fact and of course with the business model, the market share, the presence of its products and the focus as far as the agri business goes going forward and if monsoon is going to be somewhere around 98% or about that, definitely there is going to be tremendous demand. So from that point of view, we have again reiterated a buy over there and we have upgraded the stock with a price target of around about 17.52. This could be around about 6 months to 12 months.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

ION Exchange India Board to consider Dividend for 2009-10

2010-05-06T08:54:00.000-07:00

Ion Exchange India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 24, 2010, inter alia, to consider and approve the audited annual accounts for the financial year ended March 31, 2010 and recommend dividend, if any.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Provogue arm to launch 3 housing projects by December

2010-05-06T08:42:00.000-07:00

Prozone Enterprises, a joint venture between Provogue India and UK's Liberty International is planning to launch three residential projects in Indore, Nagpur and Coimbatore by the year-end, a senior official at Provogue told reporters on Wednesday.

The first phase of the housing project will span 34 acres across the three cities, Salil Chaturvedi, deputy managing director of Provogue India, said on the sidelines of a India Shopping Forum conference.

"We have done this to leverage our mall assets," Chaturvedi said.

Prozone is set to launch a 570,000 square feet retail mall in Aurangabad in July and will also follow up its commercial launches in Nagpur and Coimbatore in the coming years.

He said there was an additional 400,000 square feet of land in Aurangabad, whose value was yet to be unlocked by the firm.

The move is part of Provogue's plan to diversify from its core apparel retail business and grow its sales, Chaturvedi said.

He said the developed value in the first phase of the residentail project at Indore was pegged at Rs 350 crore.

Prozone, in which Provogue owns 75% stake and Liberty International the rest, is talking to hospitality players to sale or lease part of its huge land bank.

The total land bank under Prozone is around 150 acres, he said.

"Hospitality is very location based. You can't partner with just one single player," he added.

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

Kajaria Ceramics to pay Re 1 dividend

2010-05-01T11:05:00.000-07:00

Kajaria Ceramics Ltd has informed BSE that the board at its meeting held on April 30 has recommended a dividend of 50% (Re 1 per equity share of Rs. 2 each) for the financial year ended March 31, 2010 subject to the approval of the shareholders i n the Annual General Meeting.

Work From Home with world's #1 internet wealth advocate for making money online

Kajaria Ceramics Q4 net profit up at Rs 12.8 cr

2010-05-01T11:03:00.000-07:00

Kajaria Ceramics has declared its fourth quarter results of FY10. It has reported net profit of Rs 12.8 crore as against Rs 60 lakh.

The company's trailing 12-month (TTM) EPS was at Rs 3.21 per share till the December quarter results of 2009. The stock's price-to-earnings (P/E) ratio was 20.67. The latest book value of the company is Rs 22.03 per share. At current value, the price-to-book value of the company was 3.01. The dividend yield of the company was 0.3%.

Work From Home with world's #1 internet wealth advocate for making money online

OWEC Tower, Praj Industries take top honours in Paris

2010-05-01T11:01:00.000-07:00

At the close of the second day of a buzzing Cleantech Forum XXVII in Paris this week, two prestigious awards were handed out.

The Cleantech Group's “Cleantech Emerging Enterprises of the Year” awards for Europe and India went to OWEC Tower and Praj Industries, respectively (see OWEC Tower AS and Praj Industries Named as ‘Cleantech Emerging Enterprises of the Year’ at Cleantech Forum Paris). The event brought together leading European and global cleantech corporations, investors, innovators, CEOs, and government officials from April 26 to 28 (see Cleantech Forum XXVII – Paris).

The accolade is awarded to companies that have enjoyed particularly impressive business growth or have delivered the very highest levels of return for their investors. Typically awarded to just two or three organisations each year, the honour recognises truly disruptive cleantech innovations and the business models that underpin them.

Bergen, Norway-based OWEC Tower is the highest ranking European cleantech company on the Deloitte Fast 500 technology companies list (see 2009's Deloitte Fast 500 EMEA). The company, focused on technology for the offshore wind energy sector, had a revenue growth rate of 3,657 percent over five years, thus ranking 38th on the list from Deloitte, which is also a Cleantech Group sponsor.

OWEC Tower’s Managing Director Per Bull Haugsoen received the award and gave an overview of his nearly 10-employee company. Key aspects of offshore wind turbines are a light structure and an easy installation process.

Given that, the company has developed and operates a licensing system for steel substructures of offshore wind turbines. Germany’s first offshore farm Alpha Ventus has chosen the OWEC Jacket Quattropod substructure, which was inaugurated the same day as the award ceremony. OWEC Tower is also working on a UK offshore wind farm, which is due this summer.

The company has worked on a number of small-scale offshore farms and is now looking for commercial scale contracts to push its development to the next level. The main challenge for the company and the offshore wind industry is the need to drive costs down. Some of the most promising offshore wind markets include the UK, Germany and China.

Praj Industries CEO Shashank Inamdar received his company’s award, offering an overview of his 26-year-old firm, which has about 800 employees. Eighty percent of the company’s workforce includes engineers and technicians.

Pune-based Praj Industries (BOM:522205), listed on the Bombay and National Stock Exchanges of India, is mainly focused on the production of bioethanol and biodiesel. It realised early on that feedstock availability would be the main constraint on its production; and as a result it is exploring different feedstocks such as sweet sorghum, safflower and algae.

Additionally, the company has entered the water and wastewater business due to the waste streams of its biofuels production. It currently uses waste streams from biofuels to produce energy and fertilizer. The company is also maximising the benefits of its know-how by operating a small brewery unit.

Keep an eye out for these companies on their continued path of success.

Work From Home with world's #1 internet wealth advocate for making money online

Punj Lloyd wins INR 115 crore order from Ministry of Health

2010-05-01T10:54:00.000-07:00

Engineering firm Punj Lloyd announced that it had secured a contract worth INR 115 crore from Ministry of Health and Family Welfare for the construction of Medical College and Hostel Complex at AIIMS Raipur. The order will be executed over a period of 15 months.

AIIMS, Raipur will be one of the six referral hospitals on the lines of AIIMS, New Delhi that the Ministry of Health would be setting up across the country. The 960 bed hospital will provide healthcare facilities in 39 specialty or super specialty disciplines.

Work From Home with world's #1 internet wealth advocate for making money online

Prime Focus steps up to demand

2010-04-30T08:36:00.000-07:00

Prime Focus has launched a digital production services department in London to service the growing demand from clients within the genre. The new department will offer digital live action production for virals, interactive web films and web banners as well as digital outdoor services, storyboarding and animatics. Other services will include creating 3D cinematics, motion graphics and test films for research, iPhone app development, augmented reality and experiential media as well as traditional design and build for websites.

“This new service is a natural step for our business,” said Anshul Doshi, Prime Focus global COO. “We’re building on our current involvement in major ongoing digital projects for leading brands such as Volkswagen, Woolworths.co.uk and Burberry.”

Head of digital production, Christian Gane, who‘s leading the new offering, will be developing opportunities in the digital market, executing projects from Soho as well as utilising Prime Focus’ global resources across North America and India. “It’s a very exciting and progressive move for Prime Focus to launch a fully fledged digital production services arm,” said Christian. “By leveraging Prime Focus’ strength in commercials post production and effects work, we can offer agencies the chance to tap into some invaluable resources, while still keeping it extremely cost effective.”

Since joining Prime Focus in 2001, Christian has been involved with developing new business areas such as animatics on projects for clients including Kellogg’s, Nestlé and Shell. He’s completed digital outdoor work for HSBC, Nokia and Kleenex, virals for Berocca, Sanatogen and Wilkinson Sword and productions for Kit Kat, Rowntree’s Randoms, Listerine, Ikea, Rimmel and Deutsche Bank.

Christian will be assisted by producer, Ian Luxford, who also moves from within the Prime Focus group. Ian has experience of producing shortform and longform work as well as post production and VFX co-ordination. He’s worked on commercials including Smirnoff and Kit Kat and broadcast projects such as Lewis, Primeval, 911 Liars and Ways to Save the Planet. He previously worked at Pepper, Impossible Pictures and Rocket Post.

Simon Briggs, Prime Focus managing director, UK said: “This is one of many creative initiatives which we’re implementing in 2010 to expand our business beyond the traditional post production model.”

Work From Home with world's #1 internet wealth advocate for making money online

Lupin transforms into a global pharma company

2010-04-30T08:02:00.000-07:00

Outside of India, Indian pharmaceutical companies don't have much of a reputation when it comes to having strong brands. Traditionally, they have focussed on being generic players, and have further strengthened this position through big ticket global acquisitions within the same space. However, branded play is where big money is to be made, though at the same time, competing on the basis of your own brands also means pitting yourself against the best marketing brains in the business.

There are some companies though, that slowly, but surely, are trying to break out of this mould. Lupin, ranked fifth in the Indian pharmaceutical market, is one of them. The company, which has taken a focussed approach to expanding its global operations is using its recent string of acquisitions to position itself as a strong brands, as well as a generics, company globally. With a market presence in 70 countries, Lupin's international operations now account for over two-thirds of its turnover.

Explaining the group's approach to acquisitions, Dr Kamal K Sharma, managing director, Lupin says that the company was clear that it would focus on differentiation, whether through product offerings, price or on the basis of supply chain integration. "We have never chased acquisitions to augment size. There has to be a strategic fit," he says. The choice of which markets to enter and when has been governed by various factors including existing market dynamics, and what strategy would be most suited for that market. "We will first look at the cost of entering a market organically. If we find that we will be bleeding for very long if we do it that way, then we prefer to acquire," he explains.

Being one of the last Indian companies to enter the extremely lucrative, and equally challenging, US market meant that Lupin could not rely solely on the price and generic positioning alone. "The US is the most transparent market in the world, but also among the most challenging as it is highly regulated," says Sharma.

So the company opted for a very specific strategy of focusing on niche products and differentiation, and initially entered with only five products. "At the apex, we decided to focus on brands and not generics, and that is where the differentiation came in. It was tougher no doubt (than doing generics alone), and needed some lateral thinking, but we took our chances, and it has paid off within the first few years itself," says Sharma. Suprax, an antibiotic that it acquired from Wyeth and launched its US business with, has today gone on to be an over $40 mn brand within four years. Lupin is now the largest Indian generic player in the US and its branded business contributes about 40% of its US revenues. "It's been a short learning curve. The branded play is a completely different game where you are pitted against the best marketing brains in the business," says Sharma. He goes on to add that often, the trick lies in learning how to extend the life of the brand. If you can come up with successful brand extensions, you hold on to your position that much longer.

But while this may have been successful in the US, the company had to take a totally different approach for Japan, the second largest pharma market in the world after the US. Along with being extremely brand conscious, the Japanese consumer also demands very high quality standards. Add to that the challenges of a new language and dealing with the local culture, and Japan soon becomes one of the toughest markets to crack. To circumvent the dangers of jumping straight into a new market, the company worked for three years with Kyowa Pharma to market finished formulations which enabled it to establish a cross-cultural exchange. A few years later, when the family run company was put up for sale by the promoters, Lupin was a natural choice. "It helped that during those initial years, Kyowa had got a chance to see how we worked and understood Lupin," says Sharma. In the two years since the takeover, Kyowa Pharma has gone from $70 million in sales to $120 million, and this without leveraging Lupin's manufacturing capabilities in India.

Sharma once again attributes it all to understanding market dynamics. "We will do whatever is economically viable in the shortest period of time. Depending on the revenue, cost and investment synergies, we decide whether we should acquire or build from scratch." And so, through most of continental Europe, Lupin operates through a partnership model with tie-ups with local distributors. Alongside, it has continued picking up companies where it sees a strategic fit.

A key factor, according to Sharma, that has worked in the company's favour when acquiring companies in markets as diverse as Australia, Germany and South Africa has been its approach to the post-merger integration. "We have never been in a hurry to localise the new business, and replace the existing executives with our own," he says. In almost all cases, the team at the acquired firms has remained exactly the same from the time it was acquired. As a result, while most acquisitions tend to take a significant amount of time to start showing value, Lupin has managed to turn its six buys over the last 24 months profitable within the first two quarters itself.

Closer home, the company is in the middle of changing its product portfolio for the domestic market. "The disease pattern in India is undergoing a change. We started building a portfolio of lifestyle drugs about seven years ago, and today it is a significant part of our business," says Sharma. The company was also ranked as the fastest growing among the top five pharma firms in the country recently.

Going ahead too, Sharma says that the company will build on the matrix that has been laid. "There is huge untapped potential, and many markets like Latin America, Mexico and Brazil that we can get into. The other growth area will be to get into more specialities. But I can look back with some amount of satisfaction at what we have managed to achieve so far" he says. But the key, he stresses, will remain differentiation, irrespective of where they go and what they do.

Work From Home (Learn From world's #1 internet wealth advocate for making money on line)

Provogue gets HC approval for Nagpur property development

2010-04-30T07:55:00.000-07:00

Provogue has received HC approval for development of retail infrastructure project on Nagpur property. Honerable High Court set aside the proceedings of State Government of Maharashtra initiated against the said property under the Urban Land (Ceiling and Regulation) Act, 1976. By virtue of the said Order, the said property is free from all ULC proceedings, as per notice available on BSE website.

It was trading with volumes of 510,843 shares, compared to its 5-day and 30-day average of 909,926 and 538,064 shares, an decrease of -43.86% overs its 5-day avg / decrease of -5.06% over its30-day avg.

Work From Home with world's #1 internet wealth advocate for making money online

Rakesh Jhunjhunwala reduced its holding in Geometric

2010-04-29T20:56:00.000-07:00

Rakesh Jhunjhunwala has reduced its holding in Geometric Ltd in Q$ 2010 from 53,15,000 shares to 47,10,000 shares.

It appears that he did a limited profit booking as he had increased his stake in the company from 45,15, 000 shares to 53,15,000 shares in Sep 09 Qtr.

He is still invested with 47,10,000 shares and with impressive Mar 10 ressults, future appears to be bright.

Work From Home with world's #1 internet wealth advocate for making money online

Geometric Ltd Q4 net Profit Rs 11.837 cr (EPS 1.91) as compared to last year loss of Rs 17.079 cr (EPS -3.12)

2010-04-29T20:34:00.000-07:00

In Q4 2009-10 achieved Net sales of Rs 127.171 cr, Net profit of Rs 11.837 cr and EPS of Rs 1.91 as compared to last years corresponding Net sales of Rs 141.953 cr, Net Loss of Rs 17.079 cr and negative EPS of Rs 3.12.

For four quarter ending Mar10, the company achieved Net Sales of Rs 511.562, Net profit of Rs 46.661 and EPS of Rs 7.51 as compared to Net sales of Rs 598.067 cr, Net Profit of Rs 6.884 cr and EPS of Rs 1.41 for year 2008-09.

Impressive performance by the company augurs well for the company and the shareholders.

Work From Home with world's #1 internet wealth advocate for making money online

JB Chemicals & Pharmaceuticals to hold board meeting

2010-04-25T07:16:00.000-07:00

The board meeting of JB Chemicals & Pharmaceuticals will be held on 05 May 2010 to consider and approve the annual audited financial results for the year ended 31 March 2010 and to recommend dividend for the year 2009-10.

Work From Home with world's #1 internet wealth advocate for making money online

` Accumulate ` Nagarjuna Construction, target Rs 175: Kotak

2010-04-25T07:12:00.000-07:00

Kotak Securities has recommended `` Accumulate ` on Nagarjuna Construction Company with a price target of Rs 175 as against the market price (CMP) of Rs 173 in its report dated Apr. 19, 2010.

The broking house gave the following Investment Rationale:

``The company has witnessed an excellent order inflow in fiscal 2010 with an increase witnessed primarily in buildings and irrigation related projects followed by power and international related segment. Due to higher proportion of road projects likely to be awarded in FY11, we expect FY11 to be better than FY10 in terms of order inflows. NCC also maintains its revenue guidance of Rs 48bn and Rs 55bn of revenues on standalone and consolidated basis respectively.

We maintain our revenue estimates and expect revenues to grow at a CAGR of 16.5% between FY09-FY11.Operating margins of the company have shown an improvement in 9MFY10 and correspondingly we expect operating margins to improve in FY10 as compared to FY09. We maintain our estimates and expect margins to be 10% for FY10 and FY11. With strong revenue growth and excellent margins, we expect net profits to grow at a CAGR of 23% between FY09-FY11.

At current market price of Rs 173, stock is trading at 21.2x and 19.2x P/E and 9.8x and 9.1x EV/EBITDA multiples on FY10 and FY11 estimates. Adjusted with subsidiary valuations, stock is trading at 16.3x and 14.8x P/E on FY10 and FY11 respectively.

We maintain our price target of Rs 175 based on sum of the parts methodology. Stock price rise since our last recommendation at Rs 149 makes us downgrade the stock to ACCUMULATE from BUY earlier.``

Work From Home with world's #1 internet wealth advocate for making money online

ACCUMULATE Rallis India: Prabhudas Lilladher

2010-04-25T07:00:00.000-07:00

Prabhudas Lilladher has issued an ACCUMULATE rating on Rallis India with a target price of Rs1,728.

In a report issued on April 23, the brokerage said, "Rallis is trading at a discount (13x-14x) as compared to global peers like Bayer, Syngenta (15x-19x) on the basis of one-year forward trailing P/E despite having higher PAT CAGR and RoE. On the basis of one-year forward P/E, stock is trading higher than its historical forward trading average of 6-9x on the back of improving return ratios and higher growth prospect."

Work From Home with world's #1 internet wealth advocate for making money online

Rallis India's board approves bonus issue

2010-04-25T06:05:00.000-07:00

The board of Rallis India in its meeting on 22 April 2010 has recommended bonus issue of equity shares in the ratio of one equity share of the company of Rs. 10 each for every two equity shares of the company held by the shareholders of the company.

Work From Home with world's #1 internet wealth advocate for making money online

Prime Focus Completes Post Production on the History Channel’s ‘America The Story of Us’

2010-04-23T21:46:00.000-07:00

Global visual entertainment services group Prime Focus has teamed up with TV production company Nutopia and the History Channel to post an epic 12-part series titled “America The Story of Us,” an overview of American History from the pilgrims to President Obama. The series is being described as the first comprehensive television history of the country since Alistair Cooke’s 1972 series “America: A Personal History of the United States.” The first episode which airs on Sunday, April 25 in the US will be introduced by President Obama who will tell viewers that an examination of the turning points in the nation’s history “remind us that our American story has never been inevitable.”

“America The Story of Us” tells the extraordinary story of how America has evolved, using CGI animation, dramatic recreations and thoughtful insights from some of America’s most respected artists, business leaders, academics and intellectuals. It’s an in-depth look at the people, places and things that have shaped the nation, and the tough and thrilling adventure that is America’s 400-year history.

Post-production work including grade, audio and online was completed at Prime Focus using their facilities in New York and London. Elements of the post process were managed through the use of CLEAR™, the proprietary content and workflow management platform from Prime Focus, which was used to simplify communication and send information and content between London and New York. CLEAR™ also came to the rescue when due to volcanic dust affecting European airspace, two episodes were sent electronically across the Atlantic to be played out and delivered to the History Channel.

Richard Fearon, who graded the series along with fellow colorist Graeme Hayes, said: “We started out trying to come up with a series look, but we very quickly found that the grade for the early settlement section, for example, wouldn’t fit in with the look back at the 1929 Wall St crash. Therefore the grade was evolved depending on what was going on in the story, which is nice as it allows you to have different looks within each episode.”

Richard added, “The reconstruction scenes are nicely shot – there’s a lot of production value in them. Then there are the talking heads, so the contrast between the two is interesting, and it makes the drama stand out a lot more. Your eye gets used to how you’ve graded a certain section and I’m sure that it’s the same for the viewer. You almost forget that the grade is there because you’re engrossed in what’s going on, and then when it cuts to a talking head you’re reminded that the drama is quite different.”

Prime Focus’ Phitz Hearne and Rada Danilovic were responsible for the audio work including mixing and sound design. “There was a lot of sound design required for the dramatic reconstructions so we sourced a lot of sound effects that are of the time, such as British canons and muskets for the battle scenes,” said Phitz.

The online work was completed by Ronnie Newman and Alex Pickering, and it was post produced by Juliet Gonsalves, Will Garbutt and Lou Sutherland-Smith in London and Mary Martin in New York. Sara Hill was the post-production executive.

About Prime Focus

Prime Focus is one of the world’s largest visual entertainment services groups, specialising in creative and technical services for the film, broadcast, commercials, music, games, internet and media industries. It operates nine facilities in India, four in the UK and four in North America, offering clients access to a talent pool of over 600 visual effects artists worldwide.

Prime Focus Limited is a public stock company with shares traded in the Mumbai and National Stock exchanges in India (Symbol - PRIMEFOCUS). Prime Focus also owns and operates Prime Focus London plc (Symbol - PFO), which is publicly traded in the LSE’s AIM market. For more information, please visit www.primefocusworld.com.

Work From Home with world's #1 internet wealth advocate for making money online

Rakesh Jhunjhunwala Maintains his shareholding in Zen Technologies

2010-04-18T05:11:00.000-07:00

Rakesh Jhunjhunwala continues to maintain 4,50,000 shares each in his name and his wife's name which amounts to 10.12% of Zen Technologies

Work From Home with world's #1 internet wealth advocate for making money online

See exponential increase in revenue in FY11: Viceroy Hotels

2010-04-16T09:08:00.000-07:00

Viceroy Hotels said on Thursday that JPMorgan India Property Mauritius Company will pick up a 49% stake in its Bangalore-based subsidiary for Rs 74 crore. Speaking to CNBC-TV18 on the deal, P Prabhakar Reddy of Viceroy said that this was done to avoid dilution at the main company level. "The Bangalore project size doubled. Instead of diluting at a company level we took in a strategic investor and diluted at the asset level," Reddy said.

The company expects revenues to go up exponentially in FY11 thanks to 4 projects that will see completion. Viceroy had taken up 4 projects of which two, Reddy said had been completed - Marriot and Courtyard in Hyderabad. The other two, JW Marriot in Chennai and the 277-room facility in Bangalore which is a joint venture with JP Morgan wil be completed in Q1 of FY11.

Work From Home with world's #1 internet wealth advocate for making money online

Punj Lloyd to set up multi crore solar-based EPC Water Treatment Plant in Bihar

2010-04-14T11:04:00.000-07:00

Punj Lloyd Group, the global engineering, procurement and construction conglomerate will set up an Rs 232 crore solar-based EPC Water Treatment Plant for removal of arsenic and flouride across multiple districts in Bihar in Bihar.

Punj Lloyd on Tuesday announced winning India's largest solar-based EPC contract of combined value of Rs 232 crore from the Public Health Engineering Department of the Government of Bihar.

The solar water treatment plants, designed and constructed by Punj Lloyd, will resolve the severe groundwater contamination, resulting in many types of diseases including skin and lung cancer.

The scope of work includes design, construction and commissioning of 850 water treatment plants across the state of Bihar, completely solar powered.

"We are extremely proud of this development having only recently launched into the solar utility space. This, being the first mega project of this scale for solar water treatment in the country, is a major breakthrough for the company," said Punj Lloyd Delta Renewables Chief Executive Officer Dr Tariq Alam.

"This project will help improve the socio-economic problems in the villages by providing a clean water drinking supply across these districts," Dr Alam added.

The combined solar power generation for these plants will be greater than 1.3 MW. With the Government's commitment to the National Solar Mission, this project provides the foundation to establish Punj Lloyd as a leading solar company in this space.

Punj Lloyd Delta Renewables provides cutting edge technology in turnkey integrated development and sustainable solutions based on solar power.

With the Group being an infrastructure player, the solar utilities will integrate seamlessly into the existing service offerings. The company is already providing solar lighting for the Commonwealth Games Village in Delhi.

With this contract, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 26,205 crore. This is the total value of unexecuted orders as on December 31, 2009 and new orders received after that day.

Work From Home with world's #1 internet wealth advocate for making money online

Prime Focus appoints industry expert

2010-04-14T11:02:00.000-07:00

Global visual entertainment services group Prime Focus has named veteran technologist Daniel Rosen as international chief technology officer.

Based in Hollywood and reporting to Prime Focus’ global CEO Namit Malhotra, Rosen will oversee technical operations for all Prime Focus’ North American locations, and together with his counterparts in the UK and India, will further integrate the company’s studios around the world.

Recognised as an industry expert in digital imaging, Rosen has led engineering efforts at Warner Bros., DreamWorks SKG, Dalsa Digital Cinema, Cinesite and other top organisations throughout his career which spans more than 30 years. He joins Prime Focus most recently from Dalsa, where he was head of production technologies, overseeing software and hardware engineering for the Origin and Evolution 4K cinema cameras. Prior to Dalsa he was a vice president of technology for Warner Bros. Technical Operations, overseeing digital systems for feature film production, post, and restoration.

As chief technology officer at UK-based Cinesite, Rosen re-architected a complete hardware infrastructure for the company’s London and Hollywood locations and developed a software plan to integrate 3D, 3D scanning, recording and restoration services. Prior to that, as chief engineer at DreamWorks SKG, Rosen created and managed the systems engineering and software departments. He began his career in the aerospace industry, spending 18 years at TRW Defense and Space Systems where he built on his expertise in imagery and was appointed to several US DoD and other governmental committees to establish imagery standards and formats.

Rosen is a member of SMPTE, ACM, IEEE and AMIA, an associate member of the ASC and holds a patent for algorithms that correct camera artifacts in digital photography.

“Daniel’s expertise in imaging, experience integrating global technical processes and leadership abilities are simply unparalleled in our industry,” said Prime Focus’ Malhotra. “The combination of talent and skills he brings are going to be a key part of our execution and we’re thrilled to have him on our team.”

“Prime Focus has developed an ambitious vision for what a global entertainment services company can be. With their Worldsourcing™ model and the talent base they’ve built to achieve this vision, I believe the company is poised for great success. I’m looking forward to contributing to Prime Focus’ efforts,” said Rosen.

Work From Home with world's #1 internet wealth advocate for making money online

`Accumulate` Nagarjuna Construction, target Rs 197: Anagram

2010-04-14T10:57:00.000-07:00

Anagram has recommended `Accumulate ` on Nagarjuna Construction Company with a price target of Rs 150 as against the market price (CMP) of Rs 180 in its report dated Apr. 13, 2010.

``Our SOTP based 1 year forward target price of the stock is Rs 197 which implies 9.6% upside from the current price.

We have assigned multiple of 15 and 12 respectively to the earnings of domestic and international EPC business for FY11.

The BOT road projects are valued using DCF and investment values. Since the BOT power projects are yet in the early stages we have valued them all conservatively at their investment value. The Machilipatnam Seaport project is not included in the valuation as financial closure is yet to be achieved.

The ongoing real estate projects are valued using NAV approach and the land bank that is currently sitting idle is conservatively valued at book value. We believe that the real estate ventures have potential to provide significant upside going forward. We advise clients to accumulate the stock at the current market price.`` the broking house said.

Work From Home with world's #1 internet wealth advocate for making money online

Geometric unveils latest version of its solids-based CNC programing sol

2010-04-14T10:47:00.000-07:00

Geometric, an industry leader in developing advanced manufacturing software, announced the release of CAMWorks 2010, the latest version of its solids-based CNC programming solution.

This new release focuses on further strengthening the already robust machining capabilities in Turning and Multi-axis milling. Numerous improvements have also been made to enable users to program parts faster and more easily.

In Turning, the ability to define variable allowances along the feature provides more control, while reducing the time and complexity of programming. For Turning and Mill/turn machining involving irregular casting stock shapes, an STL file can now be used to represent the stock. While creating a more realistic simulation, this also simplifies the stock definition and results in a
more efficient and predictable toolpath.

CAMWorks 2010 includes many improvements to Multi-axis machining, which enable toolpath generation on increasingly complex part models. New controls have been added to simplify processing of impellers and blisks. Safely entering and retracting from the part has become more flexible and easier than previous versions.

Visualization enhancements have been made to feature, tooling, and stock display. These changes offer a more realistic representation of the machining environment to simplify programming and improve productivity.

In addition, the computation for machining time has been modified and updated to provide a more accurate estimate. This information can be used for costing and process planning purposes. Support for SQL Server Express has also been added to improve performance in large scale deployments of CAMWorks.

CAMWorks is a SolidWorks certified Gold CAM product that provides state-of-the-art machining capabilities seamlessly integrated in SolidWorks.

Work From Home with world's #1 internet wealth advocate for making money online

India in world's top 10 pharma hubs

2010-04-14T00:14:00.000-07:00

India will join the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with the total value reaching USD 50 billion by then, according to a report by PricewaterhouseCoopers (PwC).

The country's population is growing rapidly, as is its economy - creating a large middle-class that can to afford western medicines, consultancy firm PwC's report said.

An ageing population together with increase in problems associated with cardio-vascular disorders and central nervous system will lead to higher demand for drugs, the report said.

Around USD 70 billion worth of drugs are expected to go off patent in the US over the next three years and India is capable of manufacturing a substantial share of the products.

India, which produces more than 20 per cent of the world's generics, is likely to become a competitor of global pharma in some key areas, and a potential partner in others.

It has a considerable contract manufacturing expertise, the report says.

"Global players in the pharmaceutical industry are seeing immense prospects in the Indian market due to its sheer demographic profile. India could be the most populous country in the world by 2050 and is now making its mark as a growing market," Sujay Shetty of PWC said.

Several Indian firms have already entered into research partnerships with multinationals-- Dr Reddy's Laboratories Torrent have joined hands with Novartis while Ranbaxy has formed alliances with GSK and Schwarz Pharmaceuticals.

India has the world's second biggest pool of English speaking population and a strong system of higher education, so it should be well-positioned to serve as a source for talent for research professionals.

Work From Home with world's #1 internet wealth advocate for making money online

Geojit BNP Paribas revenues up 39pc

2010-04-12T17:30:00.000-07:00

Geojit BNP Paribas Financial Services on Monday announced its fourth quarter results for fiscal year 2009-10, where the Consolidated Revenues of the company rose by 39pc to Rs 68.81 crore from Rs 49.42 crore for the same quarter of the previous fiscal.

Profit Before Tax rose to Rs.12.37 crore as against a loss of Rs 9.64 crore.

The Net Profit has grown to Rs 7.07 crore from a loss of Rs.10.93 crore in the corresponding quarter last year(During the fourth quarter of FY2008-09, the full year loss of the company's two joint ventures was consolidated which resulted in a loss of Rs.10.93 crore.).

For the financial year ended 31st March 2010, Consolidated Income of the company rose by 59pc to Rs 304.56 crore from Rs 192 crore for the same period of the previous year.

Consolidated PBT went up to Rs 76.11 crore from Rs 11.56 crore, while Consolidated Net Profit for the fiscal was Rs 45.76 crore as against Rs. 2 lakhs.

Commenting on the results, C.J.George, Managing Director of Geojit BNP Paribas Financial Services, said, "The improved performance of the company is mainly on account of the increased activity in the Capital Market. The company registered a 78 percent Y-o-Y growth in brokerage revenue."

Geojit BNP Paribas Financial Services is one of the leading retail stock brokers in India, with a strong presence in the Gulf countries.

Listed on the National Stock Exchange (NSE) and on the Bombay Stock Exchange (BSE), it has more than 500,000 clients, a network of over 500 offices and manages assets worth over Rs 10,000 crores.

Work From Home with world's #1 internet wealth advocate for making money online

Geojit BNP Paribas Q4 net at Rs 7 cr

2010-04-12T17:25:00.000-07:00

Geojit BNP Paribas Financial Services today announced a consolidated net profit of Rs 7.07 crore in March quarter, against Rs 10.93 crore loss in the same period last fiscal.

Its consolidated net income increased to Rs 62.09 crore in the quarter under review from Rs 43.74 crore in the same quarter previous fiscal, Geojit BNP Paribas said in a filing to the Bombay Stock Exchange (BSE).

For the year ended March 31, 2010, consolidated net profit rose to Rs 45.76 crore from Rs 40.02 crore last year.

Consolidated net income of the company jumped up to Rs 278.59 crore in the year under review from Rs 173.60 crore during the last fiscal. For the fourth quarter ended March 31, standalone net profit rose to Rs 8.14 crore from Rs 1.56 crore in the same period previous year.

Standalone net income jumped up to Rs 55.80 crore in the quarter under review from Rs 34.09 crore during the same period last fiscal.

Work From Home with world's #1 internet wealth advocate for making money online

DLF Pramerica-Srei campaign to tap rural insurance markets

2010-04-12T17:16:00.000-07:00

Srei Sahaj e-Village Limited, a subsidiary of the Kolkata-based Srei Infrastructure Finance Limited, has tied up with DLF Pramerica Life Insurance Company Limited to set in motion ‘Tatkaal Baithaks’, a unique insurance awareness initiative targeted at the under served rural markets in the country. DLF Pramerica Life Insurance Company Limited is a joint venture between DLF Limited, the country's largest real estate developer and Prudential International Insurance Holdings Limited, a fully owned subsidiary of the US-based Prudential Financial Inc. This month-long insurance awareness campaign aims to generate awareness about the need and benefits of life insurance among rural customers. In the first phase, the Tatkaal Baithaks will touch approximately 10 lakh customers in 93 villages across Bihar, Orissa and eastern Uttar Pradesh. It may be noted that Srei e-Village Limited has a strategic partnership with DLF Pramerica Life Insurance to make life insurance products and services access.

Work From Home with world's #1 internet wealth advocate for making money online

Investors should pick NBFCs stocks with caution

2010-04-12T17:11:00.000-07:00

Non-banking financial companies (NBFC) have performed well in the past one year despite tough economic environment. Though, the growth rate in the sector dropped as the economy slowed, their business model remained robust as the asset quality too remained very high. So, NBFCs managed to prevent slippages, even though the business conditions were relatively tougher than previous year. As the economy started recovering in the last days of previous calendar year, 2009, the NBFC companies too started showing improvement in results. Their stock prices too climbed the charts and as a result, their valuations soared. Therefore, it doesn’t come as a surprise that their valuations have multiplied since the start of the current rally on March 9, 2009. For instance, LIC Housing Finance, the secondbiggest mortgage player in the country, was trading at a price-to-earning (P/E) multiple of 3 times at the start of the rally. Over the course of the past one year, its valuations have gone up by more than 3 times, as it is now trading at a P/E of 14. This is the highest P/E the stock has ever traded on.

The momentum is not seen just in frontline stocks as even small-cap stocks have registered handsome gains in the past few months. For instance, the stock price of Magma Fincorp, a company primarily in the financing of construction equipment and commercial vehicles , has gone up by 76% since October 1, 2009, despite the fact that the broad-based index like Nifty has gone up by just 6%. Clearly, the liquidity has moved to mid-cap and small-cap stocks in the NBFC sector. What should the investors do in such a case? Should they shun the stocks due to high valuation ? The answer is ‘No’ . This is because a number of NBFC stocks has given high returns in the past six months even though the stock market generally remained flat. For instance, Shriram Transport Finance moved up by 46% since October 1 last year. LIC Housing Finance soared by 21%, while Power Finance Corp surged by 18%. This is despite the fact that their valuations were already high in October. Despite high valuations, these stocks could give high return because their earnings are growing at high rates. A high growth in earnings helps keep the valuations low even if the price is moving up. So the question arises as to which NBFC will be able to grow at a high rate?

The growth prospects of NBFCs depend upon the need of financing. At high valuations, only those companies that can continue to grow their bottomline at higher rates than reflected by their valuations can expect to see appreciation in the stock price. Both infrastructure finance companies, IDFC & SREI Infrastructure Finance, are expected to do well in the medium to long term. These were the most affected due to slowdown in the previous fiscal. But they have posted a smart turnaround. For instance, IDFC’s net profit grew by 39% in the quarter ended December 31, 2009. The prospects of infrastructure financing look robust from a one-year perspective . Another company, which is expected to post high earnings growth, is Magma Fincorp. The stock market experts had earlier shunned this stock. However, of late, it has caught their imagination. The company too is growing at a very fast rate. Its profit grew by 28% in the first nine months of FY10. Moreover, it is expected that the company will continue to grow its bottomline at an higher rate, as it has ventured into the financing of high yield products like used-commercial vehicle and tractors.

As far as other companies are concerned, it seems that their stock prices have already factored in the expected growth. HDFC’s net profit growth stood at 23% in the December 2009 quarter. At a P/E of close to 30, it seems that the stock is adequately valued. Similarly, LIC Housing Finance too has run up a lot, and as a result, its expected growth has already been factored in by the price. Its profit grew by 14% in the December 2009 quarter and its P/E stands at 14. This shows that there is not much scope left in the stock price to go up. NBFC stocks have run up a lot and the valuations too are high. Investors should keep a sharp eye on the growth trajectory of stocks and carefully pick up the stock.

Work From Home with world's #1 internet wealth advocate for making money online

Book Profits in Prime Focus at around 430-440 and buy on Dips again

2010-04-12T16:57:00.000-07:00

I am looking at a target of around 430-440 in Prime Focus. The volumes are phenomenally strong and the stock seems to have made a bottom so a triangular breakout in Prime Focus has taken place at around 270-280 levels. The upside target comes to around 430-440 where ideally profit booking should be done. and the same can be bought at lower levels or after consolidation.

Work From Home with world's #1 internet wealth advocate for making money online

Jhunjhunwala did the right thing by exiting Mid-Day: Udayan

2010-04-09T06:01:00.000-07:00

Well-known investor, Rakesh Jhunjhunwala sold his 4.5% stake in multiple-media conglomerate Mid-Day Multimedia after reports made rounds of media firm Jagran Prakashan might pick up a stake in the company.

Udayan Mukherjee, Managing Editor of CNBC-TV18 believes it was the right move on the part of Jhunjhunwala of checking out of the stock.

Here is a verbatim transcript of Udayan Mukherjee’s comments on CNBC-TV18.

I think Rakesh Jhunjhunwala did the right thing by checking out of the stock. It was not a great investment—certainly not by his standards but generally too—it’s not one of the jewels in his portfolio.

Somebody thought the stock went up 12% because of some speculation and he checked out of the stock and dumped his entire quantity, which I think is the same thing to do because as we were discussing yesterday unless the current promoter of Mid Day gets out of the operation, hands over the stake to other media company, no great turnaround will happen in the fortunes of Mid Day from a business and financial stand point.

So you will get this sporadic excitement of who is coming in and who is going out but unless that deal is done in that entirety, I don’t see any great turnaround happening. It was the right thing, which the well-known investor did yesterday. He sold 4.5% but I don’t know whether Jagran Prakashan picked up that stock. If they did not and they are interested creating largish holding in the company then I am not even sure this will end in a big equity sale to Jagran in the first place, so you need to be a bit cautious about the newsflow too.

Work From Home with world's #1 internet wealth advocate for making money online

Source

Punj Lloyd wins INR 232 crore order from Bihar

2010-04-09T05:52:00.000-07:00

Engineering and construction major Punj Lloyd announced that it has won the country's largest solar based contract worth INR 232 crore for installing water treatment plants in Bihar from the state government. The EPC contract for 850 solar powered water treatment plants for removal of arsenic and fluoride across multiple districts in Bihar will be implemented on a turnkey basis.

The solar water treatment plants, designed and constructed by Punj Lloyd, will resolve the severe groundwater contamination, resulting in many types of diseases including skin and lung cancer. The scope of work includes design, construction and commissioning of 850 water treatment plants across the state of Bihar, completely solar powered.

The contract will be executed by Punj Lloyd Group’s renewable energy arm, Punj Lloyd Delta Renewables.

Dr Tariq Alam CEO of Punj Lloyd Delta Renewables said that “We are extremely proud of this development having only recently launched into the solar utility space. This, being the first mega project of this scale for solar water treatment in the country, is a major breakthrough for the company. This project will help improve the socioeconomic problems in the villages by providing a clean water drinking supply across these districts.”

The combined solar power generation for these plants will be greater than 1.3 MW. With the Government’s commitment to the National Solar Mission this project provides the foundation to establish Punj Lloyd as a leading solar company in this space.
Punj Lloyd Delta Renewables provides cutting edge technology in turnkey integrated development and sustainable solutions based on solar power. With the Group being an infrastructure player, the solar utilities will integrate seamlessly into the existing service offerings. The company is already providing solar lighting for the Commonwealth Games Village in Delhi.

Work From Home with world's #1 internet wealth advocate for making money online

Autoline story from Autoline Only

2010-04-09T05:46:00.000-07:00

A trailblazing story! That is how we could describe our journey in this highly competitive, fast paced and ever changing auto industry.Autoline Industries Ltd (AIL) (incorporated on December 16, 1996, as Autoline Stampings Private Ltd.) was initially set up in January 1995 as a partnership firm known as "Autoline Pressings" under Indian Partnership Act 1932, with a capital of Rs. 0.30 million & term loan of Rs. 0.15 million from State Bank of India and Cash Credit limit of Rs.0.05 million. AIL has grown into a medium sized engineering and auto ancillary Company, manufacturing sheet metal components, sub-assemblies and assemblies for large OEMs in the Automobile Industry.

We are engaged in Manufacturing various auto parts / sheet metal components for Passenger cars, Sports Utility Vehicles (SUV), Commercial vehicles, Two wheelers, Three wheelers, Tractors, etc.

August 2004, was major turning point in Autoline's history. Tata Motors was looking to entrust the manufacture of the load body of their new mini truck to someone whose capabilities they believed in. It was a challenge, no doubt, to our highly skilled yet small team that had hitherto handled designs and manufacture of small and medium assemblies. However, being a team that enjoys challenges, Autoline got cracking and tackled the job so efficiently that in precisely 20 weeks, the first mini truck model named ACE load body came off the assembly and six months later a 200 strong workforce was rolling out 150 load bodies in a 3 shift day! As ACE became a runway success, six months down the line another fully automated line had to be set up to meet the demand of 300 units per day.We are one of the prime vendors to various Automobile Companies like, TATA MOTORS LTD. (earlier TELCO), BAJAJ AUTO LTD, KINETIC ENGINEERING LTD, MAHINDRA & MAHINDRA LTD., FIAT (INDIA) PVT. LTD., WALKER EXHAUST (INDIA) PVT LTD (a Subsidiary of Tenneco, a fortune 500 U.S. company), etc. AIL is also exporting auto parts i.e. brake shoes for Mercedes Benz Trailers to Saudi Arabia, Dubai etc. Further negotiations are at various stages with various Detroit based Auto Component Makers for direct exports. Due to excellent quality in work, cost competitiveness, timely deliveries and State of the Art Tool Room with latest CAD / CAM facilities, the company has, in a short span, become prime vendor to all the reputed Auto Manufacturers in and around Pune. The turnover of the company has accordingly increased from a modest Rs. 6.30 million as on 31.03.1997 to a massive Rs. 1113 million as on 31.03.2006, in just 9 years time. All the manufacturing facilities have been certified as ISO/TS 19649: 2002 by TUV(Rh), Germany.

Considering the rapid growth in the business, the company was in need of additional space and manufacturing capacities. Therefore 3 to 4 expansions had to be taken up in quick succession during last 9 years. Initially we started our operations at Kudalwadi with 10,000 sq. ft. plot area. Then expanded to Chakan with 114,000 sq. ft. Plot area and T-135, MIDC, Bhosari with 53,000 sq. ft. plot area. Further we have now acquired additional Land of 15 Acres (600,000 sq. ft. area approx) in Chakan very near to the existing Factory. Out of the 15 acres land acquired, 7 acres has been utilized to set up a new modern manufacturing facility on a built-up area of 1,60,000 sq. ft. Thus our existing operations of the company are spread at five places (including a wholly owned subsidiary) with good infrastructural facilities.

Work From Home with world's #1 internet wealth advocate for making money online

Prime Focus appoints Daniel Rosen as international chief technology officer

2010-04-08T23:16:00.000-07:00

Prime Focus has named veteran technologist Daniel Rosen its international chief technology officer.

Based in Hollywood and reporting to Prime Focus Global CEO Namit Malhotra, Rosen will oversee technical operations for all Prime Focus North American locations, and together with his counterparts in the UK and India, will further integrate the company’s studios around the world.

A recognized industry expert in digital imaging, Rosen has led engineering efforts at Warner Bros., DreamWorks SKG, Dalsa Digital Cinema, Cinesite and other top organizations over the course of his 30+-year career. He joins Prime Focus most recently from Dalsa, where he was head of production technologies, overseeing software and hardware engineering for the Origin and Evolution 4K cinema cameras. Prior to Dalsa he was a vice president of technology for Warner Bros. Technical Operations, overseeing digital systems for feature film production, post, and restoration.

As chief technology officer at UK-based Cinesite, Rosen re-architected a complete hardware infrastructure for the company’s London and Hollywood locations and developed a software plan to integrate 3D, 3D, scanning and recording and restoration services. Prior to that, as chief engineer at DreamWorks SKG, Rosen created and managed the systems engineering and software departments. He began his career in the aerospace industry, spending 18 years at TRW Defense and Space Systems where he built expertise in imagery and was appointed to several US DoD and other governmental committees to establish imagery standards and formats.

“Daniel’s expertise in imaging, experience integrating global technical processes and leadership abilities are simply unparalleled in our industry,” said Malhotra. “The combination of talent and skills he brings are going to be a key part of our execution and we’re thrilled to have him on our team.”

Rosen said, “Prime Focus has developed an ambitious vision for what a global entertainment services company can be. With their Worldsourcing model and the talent base they’ve built to achieve this vision, I believe the company is poised for great success. I’m looking forward to contributing to Prime Focus’ efforts.”

Work From Home with world's #1 internet wealth advocate for making money online

Punj Lloyd Bags Rs.235 Cr. Refinery Project Contracts

2010-04-06T22:20:00.000-07:00

Punj Lloyd Ltd., global engineering, procurement and construction conglomerate, said it had bagged two projects worth Rs.235 crore for a process unit and for providing off-site facilities at the Mangalore Refinery.

The New Delhi-based company said it had obtained the first order from Engineers India Ltd. to construct a petro fluid catalytic cracking, or PFCC, unit for its Phase-III refinery project of Mangalore Refinery and Petrochemicals Ltd., Karnataka, a subsidiary of Oil and Natural Gas Corporation Ltd. The project forms part of the up-gradation and expansion plan of Mangalore Refinery, which has a current capacity of 12 MMTPA.

The scope of work envisages fabrication and erection of piping, erection of equipment including heavy and super heavy lifts, structural work, painting, insulation, and commissioning support for PFCC unit.

The company obtained another order from Mangalore Refinery and Petrochemicals Ltd. for mechanical works for off-site for Phase-II refinery project at Mangalore. The scope of work involves piping, fabrication and erection of structures, installation, testing and commissioning of pumps and vessels, fabrication, erection, testing and commissioning support of the flare system.

With this contract, the total orders outstanding as on date on consolidated basis stood at Rs.25,973 crore, the company said.

Work From Home with world's #1 internet wealth advocate for making money online

Orbis Power Venture acquires 17.31% stake in DPSC along with SREI

2010-04-06T22:12:00.000-07:00

Orbis Power Venture (P) today announced that the fund has acquired 733,085 fully paid up equity shares of the face value of Rs.10/- each of DPSC, one of the country`s oldest power distribution firms representing 17.31% of the share capital of the company at an average price of Rs.709.998 for each share through open market purchase on April 05, 2010.

The acquisition of stake was done by Orbis Power Venture (P) along with SREI Infrastructure Finance (SIFL) and India Power Corporation (IPCL).

Work From Home with world's #1 internet wealth advocate for making money online

SREI to hit 90 level in 2-3 weeks: Shardul Kulkarni

2010-04-06T22:07:00.000-07:00

ET Now caught up with Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, to find out his views on SREI.

ET Now: SREI is exceedingly volatile, it makes 90 then goes back to 50. Can you just limit it to a day trade or do you think something has happened there which indicates some strength to go in one direction?

Shardul Kulkarni: This is stock is traders delight trading at Rs.60 with Rs.60 as the lower side support level and on the up side Rs.90. So you have a fair 30 point band and you can say that yes presently looking at the cup and handle pattern formed in this particular stock. The stock is expected to reach the upper levels of 88 or 90 in the probably next two or three weeks so yes the breakout has taken place two days back and the stop loss for the trade should be ideally at around 73 or 72 levels for going long in this particular counter.

Work From Home with world's #1 internet wealth advocate for making money online

Centrum purchases 10% of Prime Focus from Reliance Capital

2010-04-06T22:02:00.000-07:00

Centrum has acquired almost 10 per cent stake in Prime Focus, making the market purchase from Reliance Capital.

Centrum has bought 1.2 million shares at around 250 per share, amounting to Rs 300 million.

"Centrum has taken slightly less then 10 per cent of Prime Focus equity from Reliance Capital. But the deal is between the two companies and Prime Focus is nowhere involved," confirms Prime Focus founder and MD Namit Malhotra.

Reliance Capital held 1.8 million equity shares, or 14.04 per cent, of Prime Focus, according to data provided by the BSE till 31 December 2009. The promoters hold 53.84 per cent in the company.

Shares of Prime Focus surged 12.82 per cent at the BSE to close Tuesday at Rs 285.20.

Prime Focus provides creative and technical services to the film, broadcast, commercials, gaming, internet and media industries.

Work From Home with world's #1 internet wealth advocate for making money online

McNally Bharat gets INR 8 billion order

2010-04-06T21:56:00.000-07:00

McNally Bharat Engineering Co said that it has won an order worth INR 8.27 billion from Satpura TPS.

As per report the order for the erection and commissioning of two 250 MW power plants over 24 months for first and 28 months for the second.

Work From Home with world's #1 internet wealth advocate for making money online

Trading Tip: Geojit BNP Paribas Financial Target Rs 42-Rs50

2010-04-01T22:04:00.000-07:00

All financials stocks have corrected quite a bit and with markets at 5,300, brokerages tend to come back into flavour. So buy Geojit with a stop of about Rs 34. Short-term target could be Rs 42. Geojit could head towards Rs 50 in case the market sustains 5,300

Work From Home with world's #1 internet wealth advocate for making money online

Vadilal Industries has purchased three candy lines

2010-04-01T21:52:00.000-07:00

‘Dates with Honey’ or ‘Pinaorange Fantasy’? Both are within reach this summer, courtesy Amul and Vadilal, the country’s leading ice cream makers who are trying hard to beat the competition heat.

They are the latest innovations in the Rs 800 crore branded ice cream market, which is growing at 15 per cent annually.

And Amul and Vadilal are certainly not alone. Take Havmor, a leading chain, which is planning to launch “designer ice creams” exclusively for weddings – a first in India. And Vadilal is concentrating on candies and fancy-shaped products this season.

Rajesh Gandhi, managing director, Vadilal Industries, says the company has purchased three candy lines for this purpose.

The ice cream companies are clearly banking on novelties to break out of the clutter in a crowded market place. The Rs 8000 crore Gujarat Cooperative Milk Marketing Federation Ltd, (GCMMF)’s Amul plans to add 1000 “Scooping Parlours” by the end of the year. RS Sodhi, Chief General Manager GCMMF Ltd (Amul)., says “ the main aim is to provide customised flavour to consumers, while maintaining the real milk and real ice cream flavour of Amul. We have to keep the customers guessing under our initiative ‘Debut of the Month’”.

Amul became a market leader in the two-litre takeaway home offer last year and Sodhi says that these packs are giving very good volumes. Amul currently distributes ice cream through 70,000 outlets spread across the nation.

The company has many more aces up its sleeve: A new range under the Swirl sub-brand, two new flavours under ‘Sundae Surprise’ in 750 ml take away packs and jumbo cups (130ml) in five different flavours.

On its part, Havmor plans to add low-fat ice creams to its ‘health portfolio’ led by sugar-free products. The company is planning to start 50 franchised ice cream parlours and fast food joints in Gujarat, Maharashtra and Rajasthan along with two new restaurants.

“We are also putting up another state-of-art ice cream plants at GIDC, Naroda to meet the demand,” says Pradeep Chona, chairman, Havmor.

Mother Dairy, the biggest supplier of milk in Delhi and the national capital region, is focusing on attractive packaging as it wants to focus on youth. “We will strengthen the Impulse and Take Home Category and widen the offerings under the Chillz brand,” says a spokesperson from Mother Dairy. The company may also increase its mobile parlours to reach out to more customers.

Vadilal says while exotic flavours will be a priority, the focus this season will be on manufacturing hygienic products through automation. The company has invested Rs 50 crore for expansion recently.” We will have 100 more Happinezz parlours this year,” Vadilal’s Gandhi says.The company is expecting 30 per cent sales growth over last year.

Gandhi says health orientation will be a key issue as there is more focus on low calorie, cholesterol and sugar-free ice creams – a segment where Amul with its pro-biotic ice creams launched last year led the way.

Work From Home with world's #1 internet wealth advocate for making money online

JMC SREI consortium wins INR 1000 crore road contract

2010-04-01T21:42:00.000-07:00

It is reported that JMC Projects consortium along with SREI Infrastructure has won INR 1000 crore contract from National Highways Authority of India for constructing a 83 kilometer four lane highway in Haryana.

The company in a statement said that the project will be executed on a design, build, finance, operate and transfer basis with a concession period of 27 years.

The 83-km stretch of national highway 71 connects northern part of Haryana and North-West Punjab to NH 8 at Bawal, a major industrial town in Haryana.

Mr Manish Mohnot director of JMC said that “This is a great achievement for JMC projects. The Government’s focus on expediting road projects augurs well for our company.”

Work From Home with world's #1 internet wealth advocate for making money online

See avg newsprint prices at $615-620/t for FY11: Mid Day

2010-03-29T11:00:00.000-07:00

In an interview with CNBC-TV18, Manajit Ghosal, Managing Director of Mid Day spoke about the latest happenings in his company and sector.

Below is a verbatim transcript of the interview.

Q: Could you confirm to us the quantum of funds that you would like to raise and when would you be raising these funds and what would they be used for?

A: It is a market buzz and we have not put out any word in the market. According to us the stock should be buzzing purely on back of business performance that the company has been able to deliver. We plan to deliver Rs 30 crore swing in profit from Rs 18 crore loss, to almost a Rs 12-13 crore profit this year. So that in itself should be able to make the stock buzz and it is not just about fund raising exercises.

Q: So are you planning to raise any funds in the due course of time for any of your initiatives?

A: That is true. We have been looking at funds, but I hope the market doesn’t respond to only fund raising rumours in that sense. It also responds to good business performance. We have been looking at raising around USD 10 million. It is primarily for deployment in new projects that we have launched.

We have launched our Delhi, Bangalore and Pune editions over the last couple of years where obviously there is a gestation period till they breakeven. There have been debts that have been taken and we plan to replace some of this debt with equity.

Q: What does your debt level stand at as of now?

A: In our operating company we would be in the range of around Rs 35 crore.

Q: You talked about launches in three new cities. We understand that it is actually 10 cities that you are looking at. Could you give us a ballpark figure of how many editions you are currently planning to target and what are the number of editions that you currently run?

A: We currently run around four editions, which is Bombay, Delhi, Bangalore and Pune. At one point of time, we were looking at the beginning of last year at launching in six new cities but the entire global economy tanked, the marketing budgets were slashed. So we are looking at an appropriate time when we can launch new editions. But right now we are looking at stabilizing these four editions—that is critical for us.

Q: You have already shelved plans of new launches, so how do you hope to achieve this target of Rs 30 crore that you have given us in terms of profitability? Have ad rates gone up?

A: There has been increase in ad volumes in the second half of the current financial year. That definitely has happened, the economy has revived. Ad rates are going up. There is slight depreciation in the newsprint prices, so we are getting benefit of that. Also, there is some adjustment in terms of fixed cost that most companies have taken. We have also undertaken some fixed cost realignment which will give some long-term benefits to the company. So to that extent profits have improved dramatically and shareholders should be pleased.

Q: How much by way of equity dilution are you looking at for this USD 10-12 million?

A: At this juncture I will not get into that.

Q: When can we expect this fundraising to be completed?

A: We should have something done before the festive season which is October; we should be able to announce something positive.

Q: Where have the newsprint prices stabilized as of now?

A: Current year average is around USD 525. Next year, we believe, they will keep rising and next year’s average price should be in the range of USD 615, they will settle at around USD 650 at the end of the year. But it will average out to somewhere around USD 615-620.

Work From Home with world's #1 internet wealth advocate for making money online

Nagarjuna fin closure for power project next month

2010-03-29T10:49:00.000-07:00

Nagarjuna Construction Company (NCC) is gearing up for a bigger play in the power sector. The company is at an advanced stage of achieving financial closure for its flagship thermal power project that is coming up at Sompeta in Srikakulam district of Andhra Pradesh.

The project has been designed to have 2,640 mw (4 X 660 mw) capacity and is being planned with an outlay of Rs 12,000 crore. The plant is being taken up with an objective selling power in the open market on merchant basis.

“We are planning for a debt-equity of 75:25. Though the discussions (for funding) are still on, we will be able to achieve financial closure in little over one month from now,” K J B V Subrahmanyam, director, NCC Power Projects (NCCPPL), said.

NCCPPL is a part of NCC Infrastructure Holdings Ltd, a subsidiary of NCC.

The company is planning to implement the project in two phases with two parcels of 2 X 660 mw coming into operation. With about 1,100 acres already available to the company, it would commence construction of the project immediately after the funds are tied up.

Nagarjuna fin closure for power project next month. “We are looking at 2014 for commercial operations,” Subrahmanyam said.

The company is looking at a land bank of 1,890 acres in total for various requirements, including meeting the statutory green belt development.

The thermal power plant’s coal requirements have already been tied up with Mahanadi and South Eastern Coal. “The plant’s location is closer to Mahanadi. Moreover, we can also use the sea route to import coal since the government has allowed us to import about 30% of the coal required for the plant,” Subrahmanyam explained.

While the loan part of the fund-raise is still to be fixed up, the Rural Electrification Corporation and Power Finance Corporation are said to be keen on investing in the project.

While working on this project, NCCPPL is also preparing to set up yet another thermal power plant at Machilipatnam in Andhra Pradesh. The project is expected to 3 X 660 mw capacity. “It is too early to talk about that project. It still on the drawing board,” Subrahmanyam said.

In addition, there is also a plan to set up a gas based power project somewhere near the Krishna Godavari basin.

Meanwhile, the residents of Sompeta have been opposing the setting up of the power plant due to their concerns about the possible pollution — either due to heat or ash.

“This power plant and facilities will be installed by adopting state-of-the-art super critical technology. This will improve the heat rate and efficiency of the plant.

Other principal advantages of supercritical technology are lower coal consumption due to improved thermal efficiency, lower carbon dioxide emissions per unit of electricity generated (KWH), very low emissions of nitrogen oxides (NOx), sulphur oxides (SOx) and particulates, using modern flue gas clean-up equipment. We are also developing a green belt. So, there is no need for anyone to be concerned about the plant,” Subrahmanyam said.

NCC is already executing two hydro projects - Himachal Sorang in Himachal Pradesh and Teesta project in Sikkim.

Work From Home with world's #1 internet wealth advocate for making money online

Nagarjuna Construction bags Rs 971 cr projects

2010-03-29T10:46:00.000-07:00

Nagarjuna Construction Company today said it has secured projects worth Rs 971 crore from various vendors.

The company has bagged two orders worth Rs 492 crore from the defence ministry for construction of dwelling units at Cooch Behar and Visakhapatnam, which would be completed over a period of 25 months, Nagarjuna Construction Company said in a filing to the Bombay Stock Exchange (BSE).

The construction firm has further secured a contract worth Rs 249 crore from Nagarjuna Oil Corporation for various civil and structural works at Caddalore, it said. The project is to be completed over a period of 24 months.

Further, the company has bagged three orders worth Rs 230 crore from Indian Oil Corporation for construction of buildings at Paradip over a period of 20 months, it added.

Work From Home with world's #1 internet wealth advocate for making money online

Punj Lloyd to sell stake in Pipavav

2010-03-28T09:39:00.000-07:00

Engineering and construction firm Punj Lloyd will sell its stake of just over 19% in Pipavav Shipyard to co-founder SKIL Infrastructure to raise cash by selling assets, the Economic Times said on Saturday.

The report said the deal was likely to be struck at Rs 700 crore (USD 154.9 million), at a discount to the prevailing market price as Punj Lloyd is selling before the end of a three-year lock-in period.

The report cited two unidentified people with direct knowledge of the development.Pipavav Shipyard listed last year, with an initial public offer of shares.

Founder shares are locked in for a period of three years from the completion of an IPO, under Indian regulations. SKIL, which holds about 20% in Pipavav, will have to make an open offer to minority shareholders for a further 20% stake.

Work From Home with world's #1 internet wealth advocate for making money online

Prime Focus sweeps two awards at FICCI BAF 2010

2010-03-25T18:46:00.000-07:00

Prime Focus has been honoured with the ‘Special Jury Award’ for ‘Chandani Chowk to China’ (CC2C) and ‘VFX shot of the year’ for ‘Tum Mile’ at the prestigious FICCI BAF Awards 2010.

Commenting on the achievement, Merzin Tavaria, Chief Creative Director, Prime Focus and VFX supervisor on CC2C and Tum Mile said, “We are extremely honoured to have been associated and to have contributed to the success of CC2C and Tum Mile with our Visual Effects. I would like to thank FICCI BAF and the makers of the film for trusting our creative expertise. In the years to come, we will continue to strive to push the boundaries of visual entertainment.”

Prime Focus has delivered an array of post services and over 1000 visual effects shots for CC2C. Co-produced by Warner Bros, CC2C is the biggest internationally exposed film in the history of Indian cinema, the first Bollywood film to be distributed by Warner Bros and the first Indian production to be shot in China. The movie was worked on by a team of 150 artists led by VFX Supervisor, Reupal Rawal under the creative supervision of Merzin Tavaria. The project was spread across India in a two month time frame, with shots and sequences being delivered simultaneously by Prime Focus artists at facilities in Mumbai, Hyderabad, Chennai and Goa.

“CC2C required a lot of planning to achieve the quality of visual effects within the time frame. It feels good to be appreciated for ones effort. On behalf of the entire Prime Focus Team, I would once again like to thank the makers of CC2C for giving us an opportunity to help them bring their creative vision to the big screen.” said Reupal Rawal.

Prime Focus team for Tum Mile comprised of 79 creative professionals, led by VFX Supervisor Ritesh (Ricky) Aggarwal under the creative guidance of Merzin Tavaria. Prime Focus recreated the 26/7 Mumbai floods scenario and realistically projected it with effective live-action effects, complete CG shots, Compositing, matte painting etc

Commenting on awards Ritesh Aggarwal said, "We are thrilled to receive not 1 but 2 Awards at this year’s FICCI BAF. It was quite a challenge for us to create the infamous July 2005 Mumbai floods scenario for Tum Mile. This recognition is a result of the joint effort of the entire Prime Focus team and the makers of Tum Mile. ”

Apart from VFX shot of the year and Special jury Award, Prime Focus was also nominated under ‘VFX in a commercial’ category for its work on the Coffy Bite commercial.

With one of the largest and most technically advanced visual effects facilities in Asia, Prime Focus provides visual effects and animation services to both domestic and international productions. The Prime Focus Film VFX team in India have been key to some of the biggest films in Bollywood: recent titles include ‘Blue’, 'Raaz 2', 'Ghajini', ‘Wanted’ and ‘Paa’ to name a few.

Work From Home with world's #1 internet wealth advocate for making money online