IT Team from MGM College at Work - DENIP Consultants.

L-R (Mr. Pravin Gurav, Ms. Rashmi Kulkarni, Mr. Manish Shah, Mr. Amay Singh)

Coal India - Updated timeline

Coal India - Updated timelines are as under –

· Basis of Allotment will be approved by the Stock Exchange late evening today – Oct 29, 2010
· Fund Transfer instructions will be given to banks tomorrow morning i.e. Oct 30, 2010
o So, unlocking of ASBA fund should happen tomorrow if banks react immediately (it being a Saturday)
o Normal Refund (non ASBA) – between Saturday and Monday – i.e. Oct 30, 2010 and Nov 1, 2010
· Credit of Shares – Saturday - Oct 30, 2010 (unusual, but it is)
· Listing – Thursday – Nov 4, 2010

Registrar has communicated that they are working on these timelines based on the confirmations given by the Stock Exchange that they will be working till whatever time today to approve the basis and NSDL / CDSL giving the confirmations that they are ready to work whole day tomorrow for the corporate action / credit of shares.


Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Declaration of 15% Dividend in SBI Blue Chip Fund - Record Date 4th November 2010

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

RIL Q2 net profit up 28% at Rs 4,923 cr

Reliance Industries has annouced its second quarter results. The company's Q2 net profit was up 27.80 % at Rs 4,923 crore versus Rs 3,852 crore, year-on-year, YoY.

Its net sales were up 22.69% at Rs 57,479 crore versus Rs 46,848 crore, YoY.

Its total costs was up at Rs 51,460 crore versus Rs 42,063 crore, YoY.

Its depreciation was at Rs 3,377 crore versus Rs 2,432 crore, YoY.

Petchem biz revenue at Rs 15,096 crore versus Rs 13,340 crore YoY.

Refining biz revenue at Rs 49,672 crore versus Rs 39,564 crore, YoY.

Oil & gas biz revenue at Rs 4,303 crore versus Rs 2,937 crore, YoY.

Other income at Rs 672 crore versus Rs 628 crore, YoY.

Interest cost at Rs 542 crore versus Rs 462 crore, YoY.

Debt-to-equity at 0.47 as on Sept 30 versus 0.54, YoY.

GRM at USD 7.9 per barrel


Source: www.moneycontrol.com


Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Weekly Market Update from 22nd Oct 2010 to 29th Oct 2010

Note : To get a larger view, please click on the image.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Nagarjuna Fert Q2 net profit up at Rs 28 cr

Nagarjuna Fertilisers and Chemicals has announced its second quarter results. The company’s Q2 net profit was up at Rs 28 crore versus Rs 8 crore.

Its net sales were up at Rs 1,122 crore versus Rs 534 crore.

The company's trailing 12-month (TTM) EPS was at Rs 1.64 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 20.52. The latest book value of the company is Rs 22.25 per share.

At current value, the price-to-book value of the company was 1.51. The dividend yield of the company was 1.49%.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

UCO Bank Q2 net profit down at Rs 119 cr

UCO Bank has announced its results for the quarter ended September 2010. It has reported net profit at Rs 119 crore as against Rs 207.7 crore.

Net interest income increased to Rs 1,002 crore from Rs 525 crore.

Provisions jumped to Rs 580 crore from Rs 147.3 crore.

The company's trailing 12-month (TTM) EPS was at Rs 19.91 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 6.32. The latest book value of the company is Rs 65.74 per share.
At current value, the price-to-book value of the company was 1.92. The dividend yield of the company was 1.19%.

The stock's price-to-earnings (P/E) ratio stands at 6.25 on (NSE).

Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICICI Bank Q2 net profit up 21.8% at Rs 1395 cr

India's second largest bank ICICI Bank has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,395 crore in Q2FY11 as against Rs 1,145 crore in the same period of previous year, a growth of 21.83%.

Numbers included Bank of Rajasthan's numbers.

The company has reported profit after tax at Rs 1,236 crore for the quarter ended September 30, 2010 as against Rs 1,040 crore for the quarter ended September 30, 2009, a growth of 18.85%.

Current Account, Savings Account (CASA) increased to 44% in Q2FY11 from 36.9% Q2FY10. Net non-performing asset (NPA) ratio declined at 1.4% versus 2.2% (YoY).

Capital adequacy ratio was at 20.2% in Q2FY11. Provisions declined at Rs 641 crore from Rs 1,071 crore.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

M&M Q2 net profit up 7.98% at Rs 758 cr

Indian Automaker Mahindra and Mahindra (M&M) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 758 crore as against Rs 702 crore, a growth of 7.98% on year-on-year basis.

Net sales rose 16.55% to Rs 5,311 crore from Rs 4,557 crore (YoY). Margin declined at 16.4% versus 18.2%.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ABB Q3 net profit at Rs 11.5 cr

ABB, a subsidiary of Swiss engineering group, has declared its third quarter results of CY10. The company’s Q3 net profit was down at Rs 11.5 crore versus Rs 83.1 crore (YoY).

Net sales were down at Rs 1,334 crore versus Rs 1,454 crore (YoY). ABB said Q3 net profit was hit mainly on lower price realisation.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Chemical Q2 cons net profit up at Rs 127 cr

Tata Chemical has announced its second quarter results. The company’s Q2 consolidated its net profit was up at Rs 127 crore versus Rs 223 crore.

Its consolidated net sales were up at Rs 2,935 crore versus Rs 2,230 crore.

Its Q2 of last year had Rs 68 crore profit from sale of investment.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HCC Q2 net profit up at Rs 12 cr

Hindustan Construction Company, HCC has declared its second quarter results. The company’s Q2 net profit was up at Rs 12 crore versus Rs 5.5 crore.

Its net sales were up at Rs 898 crore versus Rs 782.5 crore.

Its current order book was at Rs 19,740 crore.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ITC Q2 net profit up 23.59% at Rs 1,247 cr

Cigarette major ITC has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1,247 crore as against Rs 1,009 crore, a growth of 23.59% on year-on-year basis.

Net sales jumped 17.92% to Rs 5,061 crore in Q2FY11 from Rs 4,292 crore in Q2FY10.

Other income jumped 82.35% to Rs 124 crore from Rs 68 crore.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Breweries Q2 net profit up 87.18% at Rs 21.9 cr

UB group company United Breweries has announced its results for the quarter ended September 2010. It has reported net profit at Rs 21.9 crore as against Rs 11.7 crore,a growth of 87.18% on year-on-year basis (YoY).

Net sales jumped 37.62% to Rs 567 crore from Rs 412 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 5.63 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 79.84. The latest book value of the company is Rs 38.03 per share.

At current value, the price-to-book value of the company was 11.82. The dividend yield of the company was 0.08%.

The stock's price-to-earnings (P/E) ratio stands at 79.70 on (NSE).


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NHPC Q2 net profit up 11.94% at Rs 690.2 cr

India's largest hydro power generation company NHPC has declared its results for the quarter ended September 2010. It has reported net profit at Rs 690.2 crore as against Rs 616.6 crore, a growth of 11.94%.

Net sales rose 3.76% to Rs 1,240.4 crore from Rs 1195.4 crore.

The company's trailing 12-month (TTM) EPS was at Rs 1.73 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 18.12. The latest book value of the company is Rs 20.09 per share.

At current value, the price-to-book value of the company was 1.56. The dividend yield of the company was 1.75%.

The stock's price-to-earnings (P/E) ratio stands at 18.15 on (NSE).


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Alok Industries Q2 net profit jumps 40% at Rs 79.8 cr

Textile manufacturing company Alok Industries has declared its results for the quarter ended September 2010. It has reported net profit at Rs 79.8 crore as against Rs 57 crore, a growth of 40% on year-on-year basis.

Net sales jumped 48.8% to Rs 1,451 crore from Rs 975 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 3.26 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 8.13. The latest book value of the company is Rs 34.48 per share.

At current value, the price-to-book value of the company was 0.77. The dividend yield of the company was 0.94%.

The stock's price-to-earnings (P/E) ratio stands at 8.13 on (NSE).


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BHEL Q2 net profit up 33% at Rs 1,142 cr

Public sector engineering company BHEL has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1,142 crore as against Rs 857.9 crore, a growth of 33.12% on year-on-year basis (YoY).

Net sales jumped 25.7% to Rs 8,328 crore in Q2FY11 from Rs 6,625.2 crore in Q2FY10.

BHEL has an order book at Rs 1.54 lakh crore as on September 30.


Source : www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

KRC - Daily Derivative Strategy

Note: To get a larger view, please click on the image.

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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

KRC - Retail Research

SELL GLENMARK AT Rs 340

Long Term Investors can still hold the position in Glenmark Pharma with a target price of Rs. 390


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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ONGC Q2 profit up 6% at Rs 5,389 cr

Oil and Natural Gas Corporation, ONGC has announced its second quarter results. The company’s Q2 net profit was up 5.87% at Rs 5,389 crore versus Rs 5,090 crore, year-on-year, YoY.
Its net sales were up 20.64% at Rs 18,194 crore versus Rs 15,081 crore, YoY.

Its net realisation was up at USD 62.75 per barrel versus USD 56.41 per barrel, year-on-year, YoY.

Its gross realisation was up at USD 79.21 per barrel versus USD 70.50 per barrel, YoY.

The company’s subsidy payout was at Rs 3,019 crore versus Rs 2,630 crore, YoY.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Comm Q2 cons net loss at Rs 213.5 cr

Tata Communication has announced its second quarter results. The company’s Q2 consolidated net sales were up at Rs 2,960.7 crore versus Rs 2,884.5 crore, quarter-on-quarter, QoQ.

Its consolidated net loss was at Rs 213.5 crore versus net loss of Rs 281.4 crore, QoQ.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Grasim Ind Q2 cons net profit down at Rs 323.4 cr

Grasim Industries has announced its second quarter results. The company’s Q2 consolidated net sales were down at Rs 4,439 crore versus Rs 4,682.3 crore, year-on-year, YoY.

Its consolidated net profit was down at Rs 323.4 crore versus Rs 780.8 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 194.50 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 11.73. The latest book value of the company is Rs 778.30 per share.

At current value, the price-to-book value of the company was 2.93. The dividend yield of the company was 1.31%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Arvind Q2 net profit up at Rs 28 cr

Arvind has declared its second quarter results. The company’s Q2 net profit was up at Rs 28 crore versus Rs 15.2 crore.

Its net sales were up at Rs 643 crore versus Rs 598 crore.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cairn India Q2 cons net profit up at Rs 1,585 cr

Cairn India has announced its second quarter results. The company’s Q2 consolidated net sales were up at Rs 2,686 crore versus Rs 230 crore, year-on-year, YoY.

Its consolidated net profit was up at Rs 1,585 crore versus Rs 470 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs -0.69 per share. (Jun, 2010).

The latest book value of the company is Rs 168.07 per share. At current value, the price-to-book value of the company was 1.9.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Ent Q2 cons net profit up at Rs 509 cr

Adani Enterprises has declared its second quarter results. The company’s Q2 consolidated net profit was up at Rs 509 crore versus Rs 148 crore.

Its consolidated net sales were up at Rs 5,752 crore versus Rs 5,301 crore.

The company's trailing 12-month (TTM) EPS was at Rs 4.25 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 161.21. The latest book value of the company is Rs 51.08 per share.

At current value, the price-to-book value of the company was 13.41. The dividend yield of the company was 0.15%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SREI Infra Q2 cons net profit up at Rs 78.1 cr

SREI Infrastructure Finance has announced its second quarter results. The company’s Q2 consolidated net sales were up at Rs 345.1 crore versus Rs 315.5 crore, quarter-on-quarter, QoQ.

Its consolidated net profit was up at Rs 78.1 crore versus Rs 46.7 crore, QoQ

The company's trailing 12-month (TTM) EPS was at Rs 10.45 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 11.90. The latest book value of the company is Rs 67.94 per share.

At current value, the price-to-book value of the company was 1.83. The dividend yield of the company was 0.96%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NMDC Q2 net profit up at Rs 1,378 cr

NMDC has announced its second quarter results. The company’s Q2 net profit was up at Rs 1,378 crore versus Rs 771 crore.

Its net sales were up at Rs 2,460 crore versus Rs 1,390 crore.

The company's trailing 12-month (TTM) EPS was at Rs 10.59 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 26.71. The latest book value of the company is Rs 36.00 per share.

At current value, the price-to-book value of the company was 7.86. The dividend yield of the company was 0.62%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SAIL Q2 net profit down 34.34% at Rs 1,090 cr

India's second largest steel company Steel Authority of India (SAIL) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1,090 crore as against Rs 1,660 crore, degrowth of 34.34% on year-on-year basis (YoY).

Net sales increased 6.63% to Rs 10,603 crore from Rs 9,944 crore (YoY).

Earning before interest, depreciation, tax and amortisation (EBIDTA) declined at 15.68% versus 23.8% (YoY) and 20.18% (QoQ) while expectation was at 17%.

Margin was lower than expected due to higher coking coal prices & higher wage bill. Coking coal has increased by 76% to USD 225/tonne

Production increased to 3.17 MT versus 3.08 MT (YoY) and 3 MT (QoQ).

Numbers were below expectations; CNBC-TV18 expected net profit at Rs 1295.44 crore and net sales at Rs 10694.51 crore.

In the Q1FY11, the company reported revenues at Rs 9133.32 crore and net profit at Rs 1176.65 crore.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDBI Bank Q2 net profit up at Rs 429 cr

IDBI Bank has announced its second quarter results. The company’s Q2 net profit was up at Rs 429 crore versus Rs 254 crore, year-on-year, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 11.28 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 16.19. The latest book value of the company is Rs 86.21 per share.

At current value, the price-to-book value of the company was 2.12. The dividend yield of the company was 1.64%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

PNB Q2 net profit up 15.97% at Rs 1,075 cr

Public sector lender Punjab National Bank (PNB) has announced its results for the quarter September 2010. It has reported net profit at Rs 1,075 crore as against Rs 927 crore, a growth of 15.97% on year-on-year basis.

Net interest income (NII) rose 49.45% to Rs 2,977 crore from Rs 1,992 crore. Provisions jumped to Rs 516 crore from Rs 216 crore.

Numbers were above expectations; CNBC-TV18 expected NII at Rs 2,690.20 crore and net profit at Rs 1,093.40 crore

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Andhra Bank Q2 net profit up at Rs 303 cr

State-owned Andhra Bank has declared its results for the quarter ended September 2010. It has reported net profit at Rs 303 crore as against Rs 274 crore (YoY).

Net interest income jumped to Rs 783 crore from Rs 514.6 crore. Net interest margin stood at 3.9%.

The company's trailing 12-month (TTM) EPS was at Rs 22.89 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 7.94. The latest book value of the company is Rs 90.93 per share.

At current value, the price-to-book value of the company was 2. The dividend yield of the company was 2.75%.

The stock's price-to-earnings (P/E) ratio stands at 7.91 on (NSE).

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Spirits Q2 net profit up at Rs 74.6 cr

United Spirits has declared its second quarter results. The company’s Q2 net profit was up at Rs 74.6 crore versus Rs 69.6 crore.

Its net sales were up at Rs 1,354 crore versus Rs 1,080 crore.

The company's trailing 12-month (TTM) EPS was at Rs 27.42 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 55.07. The latest book value of the company is Rs 381.05 per share.

At current value, the price-to-book value of the company was 3.96. The dividend yield of the company was 0.17%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Colgate Palmolive Q2 net profit up at Rs 100 cr

FMCG company Colgate Palmolive has announced its results for the quarter ended September 2010. It has reported net profit at Rs 100 crore as against Rs 89.7 crore, a growth of 11.48% on year-on-year basis.

Net sales went up 13.35% to Rs 552 crore from Rs 487 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 32.54 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 26.94. The latest book value of the company is Rs 23.98 per share.

At current value, the price-to-book value of the company was 36.55. The dividend yield of the company was 2.28%.

The stock's price-to-earnings (P/E) ratio stands at 26.97 on (NSE).


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Hexaware Q3 cons net profit up 191.67% at Rs 42 cr

Hexaware Technologies has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 42 crore in Q3CY10 as against Rs 14.4 crore, a growth of 191.67% on quarter-on-quarter basis (QoQ).

Consolidated net sales rose 12.14% to Rs 281.7 crore from Rs 251.2 crore (QoQ).

The company earned one-time gain of Rs 25 crore. Operating margins improved to 6.4% versus 4.4% (QoQ).


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BGR Energy Q2 net profit up 154% at Rs 77.7 cr

BGR Energy has announced its results for the quarter ended September 2010. It has reported net profit at Rs 77.7 crore as against Rs 30.6 crore, a growth of 153.92% on year-on-year basis.

Net sales jumped 143.35% to Rs 1,134 crore from Rs 466 crore.

The company's trailing 12-month (TTM) EPS was at Rs 33.45 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 23.27. The latest book value of the company is Rs 97.50 per share. At current value, the price-to-book value of the company was 7.98. The dividend yield of the company was 0.9%.

The stock's price-to-earnings (P/E) ratio stands at 23.45 on (NSE)


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sun TV Q2 net profit down at Rs 167 cr (QoQ)

South based media company Sun TV Network has announced its results for the quarter ended September 2010. It has reported net profit at Rs 167 crore as against Rs 171 crore (QoQ) while jumped from Rs 130 crore (YoY).

Income from operations also declined to Rs 420 crore from Rs 440 crore (QoQ) while increased by Rs 100 crore from Rs 320 crore (YoY).

Operating margins declined at 78.7% versus 81.7% (QoQ).


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bank of Baroda Q2 net profit up 60.73% at Rs 1019.3 cr

State-owned Bank of Baroda has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1019.3 crore in Q2FY11 as against Rs 634.18 crore (cr), a growth of 60.73% (YoY).

Net interest income (NII) rose 46.78% to Rs 2038.14 crore from Rs 1388.6 crore. Numbers were were better-than-expectations; CNBC-TV18 expected net profit at Rs 843.77 crore and NII at Rs 1909.37 crore.

Other income increased to Rs 681.3 crore from Rs 595.33 crore and provisions also jumped to Rs 185.9 crore from Rs 116.33 crore.

Adavnce growth in Q2FY11 stood at 29.5% while deposits growth at 30%. Gross non-performing assets (NPA) increased to Rs 2719.85 crore in September 2010 versus Rs 2657.4 crore as on June 2010.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Everest Kanto Q2 cons net profit at Rs 24.7 cr

Everest Kanto has announced its second quarter results. The company’s Q2 consolidated net sales were up at Rs 203.5 crore versus Rs 144.9 crore, year-on-year, YoY.

Its consolidated net profit was at Rs 24.7 crore versus net loss of Rs 5.4 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 1.65 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 79.45. The latest book value of the company is Rs 41.06 per share.

At current value, the price-to-book value of the company was 3.19. The dividend yield of the company was 0.92%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Hindustan Copper Q2 net profit up at Rs 56.2 cr

Hindustan Copper has declared its second quarter results. The company’s Q2 net profit was up at Rs 56.2 crore versus Rs 15.1 crore, year-on-year, YoY.

Its net sales were up at Rs 324 crore versus Rs 247 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 1.98 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 221.92.

The latest book value of the company is Rs 12.13 per share. At current value, the price-to-book value of the company was 36.22.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Godrej Ind Q2 cons net profit up at Rs 75 cr

Godrej Industries has declared its second quarter results. The company’s Q2 consolidated net profit was up at Rs 75 crore versus Rs 66.7 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 989.6 crore versus Rs 831 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 2.95 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 76.88. The latest book value of the company is Rs 31.79 per share.

At current value, the price-to-book value of the company was 7.13. The dividend yield of the company was 0.66%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IFCI Q2 net profit up at Rs 202 cr

IFCI has announced its second quarter results. The company’s Q2 net profit was up at Rs 202 crore versus Rs 190 crore, year-on-year, (YoY).

Its revenues were up at Rs 614 crore versus Rs 411 crore, YoY.

The company's trailing 12-month (TTM) EPS was at Rs 9.33 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 7.94. The latest book value of the company is Rs 42.71 per share.
At current value, the price-to-book value of the company was 1.73. The dividend yield of the company was 1.35%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Torrent Power Q2 net profit up at Rs 223 cr

Torrent Power has declared its second quarter results. The company’s Q2 net profit was up at Rs 223 crore versus Rs 209 crore, year-on-year, YoY.

Its net sales were up at Rs 1,708 crore versus Rs 1,429 crore, YoY

The company's trailing 12-month (TTM) EPS was at Rs 22.17 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 13.79. The latest book value of the company is Rs 83.82 per share.

At current value, the price-to-book value of the company was 3.65. The dividend yield of the company was 0.98%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Asian Paints Q2 cons net profit down at Rs 214 cr

Asian Paints has announced its second quarter results. The company’s Q2 consolidated net profit was down at Rs 214 crore versus Rs 268 crore.

Its consolidated net sales were up at Rs 1,811 crore versus Rs 1,724 crore

The company's trailing 12-month (TTM) EPS was at Rs 84.55 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 29.60. The latest book value of the company is Rs 162.35 per share.

At current value, the price-to-book value of the company was 15.42. The dividend yield of the company was 1.08%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dabur India Q2 cons net profit up at Rs 160 cr

Dabur India has declared its second quarter results. The company’s Q2 consolidated net profit was up at Rs 160 crore versus Rs 139 crore.

Its consolidated net sales were up at Rs 973 crore versus Rs 848 crore.

The company's trailing 12-month (TTM) EPS was at Rs 2.43 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 42.55. The latest book value of the company is Rs 4.31 per share.
At current value, the price-to-book value of the company was 23.99. The dividend yield of the company was 1.93%.

Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd

Phillips Carbon Q2 net profit down at Rs 24.3 cr

Phillips Carbon Black has declared its second quarter results. The company's Q2 net profit was down at Rs 24.3 crore versus Rs 32.3 crore.

The company's trailing 12-month (TTM) EPS was at Rs 39.41 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 5.51. The latest book value of the company is Rs 99.16 per share.
At current value, the price-to-book value of the company was 2.19. The dividend yield of the company was 2.3%.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Phillips Carbon Q2 net profit down at Rs 24.3 cr

Phillips Carbon Black has declared its second quarter results. The company's Q2 net profit was down at Rs 24.3 crore versus Rs 32.3 crore.

The company's trailing 12-month (TTM) EPS was at Rs 39.41 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 5.51. The latest book value of the company is Rs 99.16 per share.
At current value, the price-to-book value of the company was 2.19. The dividend yield of the company was 2.3%.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

India Infoline Q2 cons net profit up at Rs 54 cr

India Infoline has declared its second quarter results. The company’s Q2 consolidated net profit was up at Rs 54 crore versus Rs 43 crore, quarter-on-quarter, QoQ.

Its consolidated income from operations were at Rs 339 crore.

The company's trailing 12-month (TTM) EPS was at Rs 4.59 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 25.39. The latest book value of the company is Rs 38.09 per share.

At current value, the price-to-book value of the company was 3.06. The dividend yield of the company was 2.57%

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Bata India Q3 net profit up at Rs 20.7 cr

Bata India has declared its third quarter results. The company’s Q3 net profit was up at Rs 20.7 crore versus Rs 13.2 crore.

Its net sales were up at Rs 292 crore versus Rs 260 crore

The company's trailing 12-month (TTM) EPS was at Rs 12.26 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 27.57. The latest book value of the company is Rs 46.39 per share.

At current value, the price-to-book value of the company was 7.29. The dividend yield of the company was 0.89%

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Mukand Q2 net profit up at Rs 17.5 cr

Mukand has announced its second quarter results. The company’s Q2 net profit was up at Rs 17.5 crore versus Rs 16.3 crore.

Its net sales were up at Rs 588 crore versus Rs 519 crore.

The company's trailing 12-month (TTM) EPS was at Rs 8.43 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 8.43. The latest book value of the company is Rs 69.29 per share.
At current value, the price-to-book value of the company was 1.03. The dividend yield of the company was 1.41%.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Strides Arcolab Q3 cons net profit up 75.6% at Rs 34.6 cr

Strides Arcolab has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 34.6 crore as against Rs 19.7 crore, a growth of 75.6% on year-on-year basis (YoY).

Consolidated net sales rose 30% to Rs 412.2 crore from Rs 317.1 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 3.53 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 122.38. The latest book value of the company is Rs 152.27 per share.

At current value, the price-to-book value of the company was 2.84. The dividend yield of the company was 0%.

The stock's price-to-earnings (P/E) ratio stands at 123.09 on (NSE).


Source: www.moneycontrol.com

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Indian Hotels Q2 net loss at Rs 6.3 cr

Indian Hotels has announced its results for the quarter ended September 2010. It has reported a net loss at Rs 6.3 crore as against profit of Rs 11.9 crore.

Net sales jumped to Rs 328 crore from Rs 286 crore.

The company's trailing 12-month (TTM) EPS was at Rs 1.93 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 51.04. The latest book value of the company is Rs 37.23 per share.

At current value, the price-to-book value of the company was 2.65. The dividend yield of the company was 1.02%.

The stock's price-to-earnings (P/E) ratio stands at 51.11 on (NSE).


Source: www.moneycontrol.com

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Head Dealer
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Glenmark Q2 cons net profit up 38.44% at Rs 112 cr

Glenmark Pharma has announced its results for the quarter ended September 2010. It has reported net profit at Rs 112 crore as against Rs 80.9 crore, a growth of 38.44% on year-on-year basis.

Consolidated net sales rose 23.05% to Rs 741.4 crore from Rs 602.5 crore.

CNBC-TV18 expected net sales at Rs 702 crore and net profit at Rs 102.4 crore.

The company's trailing 12-month (TTM) EPS was at Rs 6.82 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 46.72. The latest book value of the company is Rs 65.70 per share.

At current value, the price-to-book value of the company was 4.85. The dividend yield of the company was 0.13%.

The stock's price-to-earnings (P/E) ratio stands at 46.92 on (NSE).


Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Union Bank Q2 profit down 40% at Rs 303 cr on provisions

State-owned Union Bank of India has announced its results for the quarter ended September 2010. It has reported net profit at Rs 303 crore as against Rs 505 crore, de-growth of 40% due to provisions.

The bank has made provisions at Rs 599 crore in Q2FY11 as against Rs 135 crore in Q2FY10, which made on back of prudential norms issued by central bank RBI.

Net interest income jumped 77.90% to Rs 1,536 crore from Rs 863.4 crores

Source: www.moneycontrol.com

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Head Dealer
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Karur Vysya Bank Q2 net profit up at Rs 103 cr

Karur Vysya Bank has announced results for the quarter ended September 2010. It has reported net profit at Rs 103 crore as against Rs 90.9 crore.

Net interest income stood at Rs 174 crore.

The company's trailing 12-month (TTM) EPS was at Rs 45.95 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 12.14. The latest book value of the company is Rs 212.57 per share.

At current value, the price-to-book value of the company was 2.63. The dividend yield of the company was 2.15%.

The stock's price-to-earnings (P/E) ratio stands at 12.16 on (NSE).

Source: www.moneycontrol.com

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Patni Q3 cons net profit down 2% at Rs 144 cr

Patni Computer Systems, an IT and BPO services provider, has announced its results for the quarter ended September 2010. It has reported consolidated net profit of Rs 144 crore as against Rs 147 crore, degrowth of 2.04% on quarter-on-quarter basis (QoQ).

Consolidated revenues jumped 5.8% to Rs 822.7 crore from Rs 777.6 crore (QoQ).

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

BSL Dividend Yield Plus - Dividend Record Date 29th Oct 2010

Note: To get a larger view, please click on the image.

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Results to be announced on 27th October 2010

Source: www.bseindia.com

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DENIP Consultants Pvt Ltd

Gujarat Alkalies Q2 net profit up at Rs 20.1 cr

Gujarat Alkalies has declared its second quarter results. The company’s Q2 net sales were up at Rs 351.6 crore versus Rs 326.8 crore, quarter-on-quarter, QoQ.

Its net profit was up at Rs 20.1 crore versus Rs 19 crore, QoQ.

The company's trailing 12-month (TTM) EPS was at Rs 20.83 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 6.66. The latest book value of the company is Rs 189.42 per share.

At current value, the price-to-book value of the company was 0.73. The dividend yield of the company was 2.16%.

Source: www.moneycontrol.com

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NTPC Q2 net profit down at Rs 2107.4 cr

NTPC has announced its second quarter results. The company's Q2 net profit was down at Rs 2107.4 crore versus Rs 2152 crore.

Its net sales were up at Rs 12,989.3 crore versus Rs 10,782.8 crore.

The company's trailing 12-month (TTM) EPS was at Rs 10.16 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 20.20. The latest book value of the company is Rs 77.28 per share.

At current value, the price-to-book value of the company was 2.66. The dividend yield of the company was 1.85%.

Source: www.moneycontrol.com

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Head Dealer
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Tech Mahindra Q2 net profit up 4.4% at Rs 150.7 cr

IT services firm and a subsidiary of Mahindra & Mahindra, Tech Mahindra has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 150.7 crore as against Rs 144.3 crore, a growth of 4.4% on quarter-on-quarter basis (QoQ).

Consolidated net sales jumped 35.3% to Rs 1,533.90 crore from Rs 1,133.68 crore (QoQ).

In dollar terms, revenues increased to USD 328.2 million versus USD 251.1 million and in rupee terms, revenues went up to Rs 1,234.9 crore from Rs 1,133.7 crore (QoQ).

Earning before interest, depreciation, tax and amortisation (EBIDTA) margin in Q2FY11 stood at 18.4%.

The company added 7 clients in Q2FY11 and utilisation rate was at 75% as against 69% (QoQ).

Other income increased to Rs 8.3 crore from Rs 2.7 crore (QoQ).

Source: www.moneycontrol.com

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Head Dealer
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Voltas Q2 cons net profit up at Rs 92.4 cr

Voltas has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 92.41 crore as against Rs 90.33 crore, on year-on-year basis (YoY).

Consolidated net sales declined at Rs 1,063.58 crore from Rs 1,092.95 crore (YoY).

The company's trailing 12-month (TTM) EPS was at Rs 10.73 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 22.46. The latest book value of the company is Rs 30.08 per share.

At current value, the price-to-book value of the company was 8.01. The dividend yield of the company was 0.83%.

The stock's price-to-earnings (P/E) ratio stands at 22.47 on (NSE).

Source: www.moneycontrol.com

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Head Dealer

DENIP Consultants Pvt Ltd

JSPL Q2 cons net profit up 10% at Rs 890 cr

Jindal Steel & Power (JSPL) has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 890 crore as against Rs 808.4 crore, a growth of 10.09% on year-on-year basis.

Consolidated net sales jumped 25.36% to Rs 3,078 crore from Rs 2,455.3 crore.

Numbers were below expectations; CNBC-TV18 expected net profit at Rs 1134 crore and net sales at Rs 3360 crore.

Source: www.moneycontrol.com

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Head Dealer
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JSW Steel Q2 cons net profit up 15.48% at Rs 373 cr

JSW Steel has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 373 crore as against Rs 323 crore, a growth of 15.48% on year-on-year basis (YoY).

Consolidated net sales jumped 24.9% to Rs 5,908 crore from Rs 4,730 crore. Other income increased to Rs 163 crore from Rs 1 crore.

JSW Steel will issue 3.08 million global depositary receipts (GDRs) to JFE on preferential basis.

The company suspended operations of UK unit on weak economic growth. Its India arm will buy plant and machinery of UK unit.

In a press conference, JSW Steel said volume growth led to higher revenue. The company has reduced inventory by 1.28 lakh tonne in Q2.

Source: www.moneycontrol.com

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Deepak Fertiliser Q2 net profit up 14.7% at Rs 41.4 cr

A manufacturer of industrial chemicals Deepak Fertiliser has declared its results for the quarter ended September 2010. It has reported net profit at Rs 41.4 crore as against Rs 36.1 crore, a growth of 14.7% on year-on-year basis.

Net sales jumped 15.67% to Rs 406 crore in Q2 FY11 from Rs 351 crore in same period of FY10.

Source: www.moneycontrol.com

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Head Dealer
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Central Bank Q2 net profit up at Rs 380 cr

Central Bank of India has announced its second quarter results. The company’s Q2 net profit was up at Rs 380 crore versus Rs 313.9 crore.

Its NII was up at Rs 1,356 crore versus Rs 574 crore.

Its other income was at Rs 245.45 crore as against Rs 408.6 crore. Provisions increased to Rs 240.48 crore from Rs 64.31 crore.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Sterlite Inds Q2 cons net profit up 5.13% at Rs 1008 cr

Sterlite Industries, a subsidiary of Vedanta Resources, has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,008 crore as against Rs 958.8 crore, a growth of just 5.13% on year-on-year basis (YoY).

Consolidated net sales declined 0.93% to Rs 6,029 crore from Rs 6,085.5 crore (YoY).

Numbers were in-line with estimates; CNBC-TV18 expected net profit at Rs 987 crore and net sales at Rs 6,086.9 crore.

Source: www.moneycontrol.com

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Head Dealer
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UltraTech Cement Q2 net profit down at Rs 116 cr

UltraTech Cement has announced its second quarter results. The company's Q2 net profit was down at Rs 116 crore versus Rs 251 crore.

Its net sales were up at Rs 3,215 crore versus Rs 1,540.8 crore.

The company's trailing 12-month (TTM) EPS was at Rs 33.51 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 32.53. The latest book value of the company is Rs 173.57 per share.

At current value, the price-to-book value of the company was 6.28. The dividend yield of the company was 0.55%.


Source: www.moneycontrol.com

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Head dealer
DENIP Consultants Pvt Ltd

Dena Bank Q2 net profit up at Rs 160 cr

Dena Bank has announced its second quarter results. The company’s Q2 net profit was up at Rs 160 crore versus Rs 124.7 crore.

Its NII was up at Rs 465 crore versus Rs 240 crore.

Its other income was down at Rs 118.91 crore versus Rs 125.28 crore.

Its provisions was up at Rs 72.85 crore versus Rs 1.46 crore.

Its gross NPA at Rs 825.65 crore versus Rs 801 crore as on June 2010.

Its net NPAs at Rs 537.76 crore versus Rs 561.2 crore as June 2010.

Its advances grew by 21%; deposits grew by 18.22%.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Testimonial of a Mutual Fund Client

Dear Nimeshbhai, Dewangbhai,

It gives me tremendous pleasure to tell you that with God's grace and your expert advice, my portfolio is doing very well.

The portfolio has met expected returns, and in certain areas, exceeded them. I am glad you picked winners from the entire universe of products and recommended to us the best bets based on your research.

It is said, leave complicated things to the experts, and I am happy that DENIP has expertly chosen winners, and we have chosen champs like you.

I have been associated with you'll since the start of your  journey. Here's wishing you many more successes to come.

Regards, 

Manan Sampat

+91 - 9821617361

LISTING OF Prestige Estates Projects Limited IPO

Equity Shares of Prestige Estates Projects Limited IPO will be listing at NSE & BSE on Wednesday, October 27th, 2010.

The issue price of the same is Rs. 183/-

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Head Dealer
DENIP Consultants Pvt Ltd

LISTING OF Gyscoal Alloys Limited IPO

Equity Shares of Gyscoal Alloys Limited IPO will be listing at NSE & BSE on Wednesday, October 27th, 2010.

The issue price of the same is Rs. 71/-.

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Gravita India Limited IPO Details

Gravita India Limited IPO.

BRLM: Keynote Corporate Services Ltd
Syndicate Member: Keynote Capitals Ltd/ Hem Sec Ltd
Issue Period: November 01– November 03, 2010
Price Band: Rs.120/- to Rs.125/- per share
Lot Size: 50 Equity Shares
Registrar: Karvy Computershare Pvt Ltd
Issue size: Rs.45 cr. 36,00,000 Equity shares Of face value Rs.10/- each.
Employee Reservation: 50,000 Equity Shares for Eligible Employees’
Net Issue: 35,50,000 Equity Shares

QIB Book: 17,75,000 Equity Shares (50% of Net issue size)
Retail Book: 12,42,500 Equity Shares (35% of Net issue size)
HNI Book: 5,32,500 Equity Shares (15% of Net issue size)


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KRC Research

Sectoral Open Interest Snapshot

Ø SHIPPING
All Shipping stock added in open interest.
GESHIP, MLL, SCI and ABGSHIP added in open interest by 9.4%, 8.6%, 8% and 7.5% respectively on back of long accumulation.

Ø FMCG
ITC added maximum in open interest by 22%. HINDUNILVR, DABUR and TATAGLOBAL added 6.8%, 2.5% and 2.25% respectively in open interest.
COLPAL shed 2% in open interest.

Ø MEDIA
DISHTV added maximum in open interest by 25% on account of long build up. DCHL added 4% in open interest on back of long accumulation.
ZEEL and RELMEDIA shed 2.95% and 2% respectively in open interest.

Ø CEMENT
ACC and AMBUJACEM witnessed profit booking in short positions and thereby shed 6.2% and 6.7% respectively whereas ULTRACEMCO shed 5.4% in open interest.

Ø PHARMA
PIRHEALTH, DRREDDY and ORCHIDCHEM shed 11%, 5.6% and 6.3% respectively in open interest.
CIPLA, LUPIN and AUROPHARMA added 9.75%, 8.68% and 4% respectively in open interest on back of long positions.



IDFC (NOV Fut):
Reco: LONG Trend:
ENTRY: 205.5 Days: 5
Stop Loss: 201 Total OI Change: +11.7%
Target: 213 Price Chg: +1.8%


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Q2 Results today i.e. 26th Oct 2010

Source: www.bseindia.com

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Head Dealer

DENIP Consultants Pvt Ltd

SEBI hikes retail investor limit in IPO to Rs 2 lakh

Retail investors are elated as Securities and Exchange Board of India (SEBI) Chairman Chandrasekhar Bhaskar Bhave on Monday increased the investment limit in initial public offer (IPO) and follow-on offer (FPO) to Rs 2 lakh from current Rs 1 lakh. However, he was quick to add that there is no change in retail investors quota of public offers.

The board has approved the much-awaited disclosure norms for insurance companies' IPOs. "Currently we have framework for rights issue made by Indian companies but not for foreign companies. We need to make framework for rights issue by Indian Depositary Receipt (IDR) listed companies as well." The market regulator has tightened rules on preferential issue to promoters.

Source: www.moneycontrol.com

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Head Dealer

DENIP Consultants Pvt Ltd

Power Grid Corporation of India Ltd - IPO Details

Power Grid Corporation of India Limited

BRLM: SBI Capital Markets/Goldman Sachs/ICICI Securities/JP Morgan India
Syndicate Member : India Infoline Ltd
Issue Period: 9th November - 12th November, 2010
QIB Bid Closes : 11th November, 2010
Retial/HNI/Employees Bid Closes : 12th November, 2010
Retail Application Size : Rs.1,00,000 ( As per the prospectus filed with SEBI & ROC)
Face Value Rs.10/-
Price Band: The Price Band, Retail Discount, Employees Discount will announced one day prior to the issue opens.
Lot Size: Bid lot will announced one day prior to the issue opens
Issue Size: 84,17,68,246 Equity Shares
Registrar: Karvy Computershare India Pvt Ltd.
Listing : NSE and BSE
Employees : 33,89,600 Equity Shares
Net Issue Size : 83,83,78,646 Equity Shares

Issue:
QIB Book: 41,91,89,323 Equity Shares(50% of Net issue size)
HNI Book: 12,57,56,797 Equity Shares(15% of Net issue size)
Retail Book: 29,34,32,526 Equity Shares(35% of Net issue size)

Thanks,
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Head dealer
DENIP Consultants Pvt Ltd

Markets Today - 25/10/2010 - Disclaimer Post Applies

Nifty future is trading at a premium of ~30 points to October future. We expect 6,000 to act as a strong support on downside (maximum put concentration). However on account of more of call concentration, 6,200 level would act as a strong resistance and above that 6,300 for October expiry. Thus the range for October expiry is 6,300 on the upside and 6,000 on the downside. 

Option Analysis:

·         Call writing: In October series, major call concentration is witnessed at 6,300 CE of 81 lakh shares along with fresh writing of 3.28 lakh shares. In November series, maximum writing and concentration is seen at 6,200 CE where the total outstanding open interest is 23.88 lakh shares. 

·         Put Writing: On the other hand, in October series, put concentration is witnessed at 6,000 PE of 80 lakh shares and major writing at 6,200 PE of 6.78 lakh shares. In November series, maximum concentration is seen at 5,800 PE and 6,000 PE of 23.75 lakh and 22.85 lakh shares respectively.

Implications: In October series, more of call concentration than put at 6,200 indicates this level to act as a resistance and above that 6,300 for expiry on account of maximum call concentration. However the downside is limited to 6,000 on basis of major put concentration since the start of October expiry.

India VIX (Inverse relationship between Nifty and Indian VIX)

·         Volatility for 25^th October, 2010 close at 21.4 which is 1.16% lower as compared to previous close, after touching an intraday high of 22 and low of 20.64.

Implications: Indian VIX plunged for consecutive third trading. We expect it to move upwards and we are Bullish on the same which would have negative impact on Nifty.

HOEC Q2 net profit down at Rs 14.6 cr

Hindustan Oil Exploration Company (HOEC) has declared its second quarter results. The company’s Q2 net sales were down at Rs 67.6 crore versus Rs 83.4 crore, quarter-on-quarter, QoQ.

Its net profit was down at Rs 14.6 crore versus Rs 20.9 crore, QoQ.

Source: moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

Idea Cellular Q2 net profit down at Rs 180 cr

Idea Cellular has announced its second quarter results. The company's Q2 consolidated net profit was down at Rs 180 crore versus Rs 201 crore, quarter-on-quarter, QoQ.

Its consolidated net sales were up at Rs 3,659 crore versus Rs 3,654 crore, QoQ.

The company's trailing 12-month (TTM) EPS was at Rs 2.90 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 24.76.

The latest book value of the company is Rs 34.58 per share. At current value, the price-to-book value of the company was 2.08.

Source: moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

REC Q2 net profit up 25% at Rs 618.2 cr

State-run company Rural Electrification Corporation (REC) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 618.2 crore as against Rs 494.4 crore, a growth of 25.04% on year-on-year basis (YoY).

Net sales jumped 29.71% to Rs 1,987.7 crore from Rs 1,532.4 crore (YoY).

Topline was better-than-expectations while bottomline was in-line with estimates; CNBC-TV18 expected net profit at Rs 613 crore and net sales at Rs 832.5 crore.

Source: moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUL Q2 net profit up 34.76% at Rs 566 cr

Hindustan Unilever (HUL) has announced its results for the quarter ended September 2010. It has reported net profit at Rs 566 crore as against Rs 420 crore, a growth of 34.76% on year-on-year basis (YoY).

Net profit included exceptional gain of Rs 40 crore. Adjusted profit after tax of the company stood at Rs 533.65 crore as against Rs 499.7 crore, a growth of 6.8%.

Its reported PAT stood at Rs 566.1 crore as against Rs 428.5 crore and reported PAT of Q2FY10 included Rs 135 crore in restructuring expenses.

Revenues jumped 11.6% to Rs 4,764.67 crore in Q2FY11 as against Rs 4,629.23 crore in same period of FY10.

Operating profit margin declined by 169 bps at 13.58% versus 15.27%.

Numbers were better-than-expectations; CNBC-TV18 expected net profit at Rs 497 crore and net sales at Rs 4,632 crore.

Soaps and Detergents
* Revenues up 6.3% at Rs 2129.4 crore versus Rs 2003.7 crore
* Margins at 11.7% versus 13.6% (Slight QoQ improvement Vs 11% in Q1: can be attributed to price hikes)

Personal Products
* Revenues up 14.7% at Rs 1364.6 crore versus Rs 1190.2 crore
* Margins at 23% versus 26.3% (QoQ deterioration versus 24.8% in Q1)

The Board of Directors of company have declared interim dividend of Rs 3/share.

In a press conference, the management said, "We are determined to maintain strong volume growth in FY11."

"Volume growth was at 14% and double-digit topline growth at 11%," the company says.

Source: moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Rolta India Q2 cons net profit up at Rs 74.8 cr

Rolta India has declared its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 74.8 crore as against Rs 69.1 crore.

Consolidated net sales jumped to Rs 428 crore from Rs 412.1 crore.

The company's trailing 12-month (TTM) EPS was at Rs 22.35 per share (June, 2010). The stock's price-to-earnings (P/E) ratio was 7.54. The latest book value of the company is Rs 123.25 per share.

At current value, the price-to-book value of the company was 1.37. The dividend yield of the company was 1.78%.

The stock's price-to-earnings (P/E) ratio stands at 7.54 on (NSE).

Source: moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Power Q2 net profit up at Rs 126 cr

Adani Power has declared its second quarter results. The company Q2 net profit was up at Rs 126 crore versus Rs 114.5 crore, quarter-on-quarter, QoQ.

Its net sales were up at Rs 395 crore versus Rs 353 crore, QoQ.

The company's trailing 12-month (TTM) EPS was at Rs 1.31 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 102.98.

The latest book value of the company is Rs 26.60 per share. At current value, the price-to-book value of the company was 5.07.

Source: moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Varun Ind Q2 net profit up at Rs 12.4 cr

Varun Industries has declared its second quarter results. The company’s Q2 net profit was up at Rs 12.4 crore versus Rs 4.6 crore.

Its net sales were up at Rs 886 crore versus Rs 291 crore.

The company's trailing 12-month (TTM) EPS was at Rs 12.97 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 17.49. The latest book value of the company is Rs 78.01 per share.

At current value, the price-to-book value of the company was 2.91. The dividend yield of the company was 0.66%

Source: moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Biocon reports Rs 344.61 crore turnover for quarter ended Sep 2010

Biocon has reported a sales turnover of Rs 344.61 crore and a net profit of Rs 87.33 crore for the quarter ended Sep 2010.

For the quarter ended Sep 2009 the sales turnover was Rs 301.10 crore and net profit was Rs 62.36 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Imp US economic data releases for week 25 - 29 Oct 2010:

Monday
Existing Home Sales

Tuesday
Consumer Confidence
FHFA House Price
State Street Investor Confidence Index

Wednesday
Durable Goods Orders
New Home Sales

Thursday
Jobless Claims
Fed Balance Sheet
Money Supply

Friday
GDP
Employment Cost Index
Chicago PMI
Consumer Sentiment
Farm Prices

BSL Fixed Term Plan - CG Series

Birla Sun Life Fixed Term Plan - Series CG is a close-ended income scheme.

Investment Objective : The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

New Fund Offer period Opens On: Thursday, 28th day of Oct 2010

Closes On: Monday, 1st day of Nov 2010

Duration of the scheme: 367 days from the date of allotment.

Plans/Options: The Scheme will have Dividend and Growth Option. Further, Dividend option shall
have only Payout facility. Default option – Growth Option

New Fund Offer Price: Rs. 10/- per unit

Minimum Application Amount: Minimum of Rs. 5,000/- and in multiples of Rs. 10/- thereafter during the New Fund Offer period.

N.B. - Payment shall be accepted only through RTGS/NEFT and transfer cheques of HDFC Bank, Standard Chartered Bank, ICICI Bank and Citi Bank.

Payment through Non-MICR cheques, outstation cheques & cash will not be accepted. MICR cheques will be accepted only on 1st day of NFO i.e. 28th Oct 2010.

Applicable Load Structure: Entry Load: NIL
Exit Load: NIL
No redemption/repurchase of units/switch out shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.

Listing of units: The units offered under the Scheme will be listed on NSE and/or any other recognized stock exchanges as may be decided by AMC within 5 business days from the date of allotment. As the units will be listed on stock exchange(s), investors/ unit holders can buy / sell units on a continuous basis on the stock exchange(s) .

Indicative Date of Allotment: Wednesday, 3rd day of Nov 2010

Indicative Date of Maturity: Friday, 4th day of Nov 2011 or the next business day if 4th day of Nov 2011 is a non-business day.

Expense Ratio: Within limits prescribed by SEBI.

Asset Allocation**: Debt Securities and Money Market Instruments – 100%
The corpus is invested in debt & money market instruments. For details please refer to the Scheme Information Document(SID).

Benchmark Index: CRISIL Short term Bond Fund Index.
The fund reserves the right to change the benchmark for evaluation of the performance of the scheme from time to time, subject to SEBI Regulations and other prevailing guidelines, if any.

**Allocation indicated above could undergo change subject to market conditions and availability of instruments at the time of investing.

For further information, contact on the below mentioned numbers:
022 - 40156688/40156690/40156699

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

KRC Derivative Research 25/10/2010

􀂾 SHIPPING
􀂙 ABGSHIP added maximum in open interest of 14% on back of long accumulation. SCI added
6% in open interest.

􀂾 SUGAR
􀂙 BALRAMCHIN, RENUKA and TRIVENI added 4.3%, 4% and 2.4% respectively in open
interest.
􀂙 BAJAJHIND shed 1.2% in open interest.

􀂾 FERTILIZER
􀂙 NAGARFERT and CHAMBLFERT added 8.7% and 4.3% respectively in open interest.
􀂙 UNIPHOS shed 3.3% in open interest on profit booking in long positions.

􀂾 CEMENT
􀂙 ACC, AMBUJACEM and GRASIM shed 12%, 5.2% and 3% respectively in open interest on profit booking of long positions.

􀂾 MEDIA
􀂙 RELMEDIA and ZEEL shed 6% and 3% respectively in open interest on account of
profit booking in long positions.

􀂾 PHARMA
􀂙 LUPIN and ORCHIDCHEM shed 6.2% and 4.8% respectively in open interest.
􀂙 FORTIS added 8.8% in open interest.

TRACK RECORD No.
Closed Trades* 64
Negative Trades* 33
Open Trades* 1
Exit Trades* 8
RETURN* 54%
*Since 23rd July, 2010

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Q2 Result 25 Oct.

DENIP Consultants recruites 6 MBA from ITM College, Kharghar

DENIP Consultants have recruited 6 MBA Interns from ITM College, Kharghar. The overall batch is great and we wish them all the best for their future endeavors.

The staff of the college was very helpful especially Mr. Arunkumar Saxena. It was great experience overall. We appreciate the hospitality offered to us by the college.

All the best to the students of ITM College. We know they will be a great asset to DENIP Consultants.

Thanks,
DENIP Consultants Pvt Ltd.

Markets Today - 22/10/2010 - Disclaimer Post Applies

Nifty future is trading at a premium of ~24 points to October future. Major call writing and concentration at 6,200 CE indicates this as to act as a stiff resistance whereas on the downside 6,000 to act as a good support on account of put concentration.

Option Analysis:

·         Call writing: During the week, addition was witnessed between 6,300 CE and 6,000 CE where the total outstanding open interest added is 40 lakh shares with maximum addition seen at 6,000 CE of 19.6 lakh shares. Shedding was seen at in-the-money strikes and deep out-of-the-money strikes. Concentration was seen at 6,200 CE of 79 lakh shares. 

·         Put Writing: On the other hand, major writing was seen at 5,900 PE of 5.26 lakh shares whereas maximum shedding was witnessed between 6,300 PE and 6,200 PE where the total open interest shed is 25.6 lakh shares. Concentration is being observed at 6,000 PE of 77.7 lakh shares.

Implications: Major call writing and concentration at 6,200 call and put concentration at 6,000 strike indicates Nifty to trade in this range for October expiry.

FIIs and DIIs activity in capital market segment

·         FIIs were net buyers of Rs 584 crore with Gross buyers of Rs 3,166 crore and Gross Sellers of Rs 2,582 crore.

·         DIIs were net sellers of Rs 327 crore with Gross buyers of Rs 1,388 crore and Gross sellers of Rs 1,715 crore.

India VIX (Inverse relationship between Nifty and Indian VIX)

·         Volatility for 22^nd October, 2010 close at 21.6 which is 2.6% lower as compared to previous close, after touching an intraday high of 22.4 and low of 20.4.

Implications: Indian VIX plunged for consecutive second trading session and thereby was down 3.3% for the week. We expect it to move upwards and we are Bullish on the same which would have negative impact on Nifty.