FEB Month FMP Calendar (12 month,18 month & 36 month)

FEB Month FMP Calendar



Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUDCO/IRFC TAX FREE BONDS - Tentative Collection as on 28.01.2012

IRFC TAX FREE BONDS as on 27th Jan 2012

CATEGORY - I - RS. 10608 CRORES (COLLECTED) Target(2835)
CATEGORY - III - RS. 2647 CRORES (COLLECTED) Target(1575)
CATEGORY - III - RS 850 CRORES (COLLECTED) Target(1890)

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Current Tax Free Bonds Issues

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Dividend in Franklin India Taxshield

Franklin Templeton declares the annual dividend in Franklin India Taxshield (FIT).

Launched in April 1999, the fund with its predominantly large cap focus has delivered good performance and is amongst the top ELSS products in the country. It manages over Rs.740 crore for over 2.28 lakh investors.

FIT is ideal for investors seeking capital appreciation and tax savings (Upto Rs.1 lakh investment under Sec 80 C). The details are:

Quantum : Rs.3.00 per unit

Record Date : February 3, 2012 (Friday)

Ex-dividend NAV Date : February 6, 2012 (Monday)

NAV of Div Plan as on 27th Jan 2012 : INR 29.4406

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Cnsultants Pvt Ltd

PNB Q3 net moderates 5.5% on higher provisions

State-owned Punjab National Bank's (PNB) third quarter (October-December) net profit moderated 5.5% year-on-year to Rs 1,150 crore on the back of higher provisions against non-performing loans. The numbers were lower than the market expectation.

CNBC-TV18 poll saw profit after tax of Rs 1,262 crore and net interest income of Rs 3,510 crore.

The net interest income or the difference between interests earned and paid out rose more than 10% y-o-y to Rs 3,537 crore. Total loan book expanded by nearly 19% to Rs 2.63 lakh crore. Retail loans grew 20% y-o-y to Rs 26,000 crore.

The gross non-performing asset (NPA) ratio increased from 2.05% to 2.42% sequentially while the net NPA ratio too rose from 0.84% to 1.11% quarter-on-quarter.During the quarter, the bank's provisions against bad loans climbed more than 32% to Rs 946 crore as compared with Rs 714 crore a year back.

Total deposits increased more than 23% y-o-y to Rs 3.57 lakh crore while the current account and savings account (CASA) deposits, traditionally cheap source of funds for banks, crawled up 12% to Rs 1.26 lakh crore.

The share of CASA to total deposits contracted from 37.1% to 36.2% sequentially. This suggests, the bank continued to focus on term deposits offering higher rate of interests.

PNB's net profit for nine months rose 7% y-o-y to Rs 3,460 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Crompton Greaves Q3 net slips 67% to Rs 77 cr

Transformer manufacturer Crompton Greaves has reported a net profit of Rs 77 crore in the third quarter of FY12, a massive fall of 67% as compared to Rs 233 crore in a year ago quarter.

But, net sales jumped 26.4% to Rs 3,030 crore from Rs 2,397 crore year-on-year.

Bottomline was less than analyst's expectations while topline was well above estimates; CNBC-TV18 poll saw profit after tax of Rs 140 crore and net sales of Rs 2,693 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Central Bank of India Q3 net falls 72% at Rs 113 cr

State-owned Central Bank of India has reported a net profit of Rs 113 crore in the third quarter of FY12, degrowth of 72% as compared to Rs 404 crore in the corresponding quarter of last fiscal.

Net interest income too declined 11.56% to Rs 1,178 crore from Rs 1,332 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Muthoot Finance Q3 net up 62% at Rs 251 cr

Muthoot Finance , India's largest gold loan company, has reported a net profit of Rs 251 crore in the third quarter of FY12, a massive growth of 62% as compared to Rs 155 crore in a year ago quarter.

Income from operations shot up 91% to Rs 1,226 crore in the October-December quarter of FY12 versus Rs 641 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Siemens disappoints, Q1 net profit falls 71% at Rs 71 cr

Siemens has reported less than expected numbers in the October-December quarter of FY12. Its net profit fell 71% to Rs 71 crore from Rs 244 crore year-on-year.

Total income too declined 6.2% to Rs 2,381 crore in the first quarter of FY12 as against Rs 2,538 crore in a year ago quarter.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw net profit of Rs 199 crore and total income of Rs 2,803 crore.

Siemens said it had witnessed delays in financial closure of projects in the first quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

TVS Motor Q3 net profit up at Rs 56 cr

Third largest two-wheeler maker TVS Motor has reported a net profit of Rs 56 crore in the October-December quarter of FY12, which slightly increased as compared to Rs 55.7 crore in a year ago quarter.

Net sales went up 7.6% to Rs 1,732 crore from Rs 1,610 crore year-on-year.

Both numbers were less than analysts' expectations. CNBC-TV18 poll saw a profit after tax of Rs 60.2 crore and revenues of Rs 1,750 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dabur Q3 cons net up 12% YoY at Rs 172.82 cr

Dabur India 's third quarter consolidated net profit rose 12% from a year ago to Rs 172.82 crore, as good uptick in sales offset surge in expenses.

The FMCG company reported higher-than-expected 34.5% year-on-year rise in consolidated net sales at Rs 1,452.68 crore in the October-December quarter.

Analysts on average had expected Dabur India to report third quarter net profit of Rs 175 crore on revenue of Rs 1,380 crore, according to a CNBC-TV18 poll.

Dabur shares rose post the earnings announcement and were up 1.7% at Rs 94.05 on NSE in afternoon trade.

Dabur India had acquired US-based Namaste Laboratories LLC after the year ago third quarter and thus the two quarter were not comporable, the company said.

During the three-month period, Dabur India's total expenses surged 40% from a year ago to Rs 1,252 crore, due to higher input costs and a rise in advertising and publicity spends.

Its raw material costs were up 25% year-on-year to Rs 560.05 crore, while purchase of traded goods more than doubled to Rs 195.56 crore. Dabur also stepped up it's A&P spends by 47% to Rs 198.24 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICICI Bank beats estimates, Q3 net up 20% to Rs 1,728 cr

India's largest private sector lender ICICI Bank 's third quarter (Oct-Dec) net profit rose to forecast-beating 20% year-on-year to Rs 1,728 crore on the back of robust loan growth. Net interest income or the difference between interests earned and paid out increased more than 17% y-o-y to Rs 2,712 crore.

"We are on the growth path," Chanda Kochhar, Managing Director and Chief Executive Officer, ICICI Bank said in a conference call.

"We have seen diversified growth in this quarter. Corporate loan book has grown well both on domestic and international fronts. It was mostly in the form of working capital loans. However, the retail rate of growth will be higher in the coming quarters. Residential housing projects are moving well."

CNBC-TV18 poll saw net profit at Rs 1,621 crore (13% up y-o-y) and net interest income of Rs 2,650 crore (up 15% y-o-y).

The bank's loan book expanded 19% y-o-y to around Rs 2.46 lakh crore in the three months period. In between April 1 and December 31, the lender has disbursed around Rs 30,000 crore loans to companies and individuals.

Currently, retail loans have higher share of 33% out of the entire loan book as against 26% in corporates, 28% in overseas business and 13% in SME and agriculture loans. ICICI Bank aims to attain 18% y-o-y credit growth for FY12.

During the quarter, the bank improved its asset quality with the gross non-performing asset (NPA) ratio stood at 3.82% compared with 4.14% a quarter back. The net NPA ratio too fell from 0.93% to 0.83% sequentially. Consequently, provisions declined by 27% y-o-y to Rs 341 crore.

"Apart from the ongoing restructuring plans we are not expecting any surprise either with NPAs or restructuring," said Kochhar adding that her bank would retain a net interest margin (NIM) of 2.7%. It has improved its NIM from 2.6% to 2.7% quarter-on-quarter.

The net restructured assets stood at Rs 3,070 crore. During the quarter, the lender restructured assets worth Rs 500 crore. Its power sector exposure stood around 7% of the total loan book (around Rs 17,200 crore). However, the bank did not disclose its credit exposure to GTL Infrastructure, the company which is negotiating debt restructuring with 25 lenders.

Due to the higher cost of deposits, the bank tried to access cheap source of funds by raising its share of current account and savings account (CASA) to total deposits. CASA ratio increased from 42.1% in Q2 to 43.6% in Q3. Total deposits grew nearly 20% y-o-y to Rs 2.61 lakh crore.

In ICICI Bank CASA offers 0-4% interest rates. This is much lower than the rates offered by their term deposit schemes.

"We are reducing our focus on wholesale deposits, which currently forms 35% of total deposits. It was 55% of total deposits two years back," Kochhar said.

For the nine months ended December 31, the bank posted a consolidated net profit of 29% to Rs 5,833 crore.

ICICI Bank shares on Tuesday shot up nearly 6% to close the day at Rs Rs 902 on the NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Glenmark Q3 PAT down 47% at Rs 46 cr

Glenmark Pharma has reported a profit after tax of Rs 46 crore in the third quarter of FY12, a fall of 47% as compared to Rs 86.5 crore in a year ago quarter.

The company reported a forex loss of Rs 102 crore and licensing income of Rs 23.8 crore from Sanofi in the October-December quarter.

Revenues jumped 37.7% to Rs 1,031 crore from Rs 749 crore year-on-year.

EBITDA fell 23% to Rs 103 crore from Rs 134 crore and operating profit margin declined at 10% versus 18% YoY and 21.4% QoQ.

Revenue growth was driven by 11% in India, 56% in US, 58% in Europe and 48% in Latin America.

Margins contracted due to growth from lower margin regions despite adjustment. However, the company is in line to exceed guidance for FY12 - achieved 31% revenue growth for 9MFY12 s guidance of 25% growth.

On quarter-on-quarter basis, revenues fell 2.3% and EBITDA declined 54%; even PAT was down by 18%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Punjab and Sind Bank Q3 net down 33% at Rs 91 cr

Punjab and Sind Bank has reported a net profit of Rs 91 crore in the third quarter of FY12, falling 33% as compared to Rs 135 crore in the corresponding quarter of last fiscal.

Net interest income too declined 3% to Rs 375 crore from Rs 386 crore year-on-year.

Gross non-performing assets (NPAs) increased at 1.28% versus 1.06% quarter-on-quarter. Gross NPAs stood at Rs 544 crore as against Rs 450 crore QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Havells Q3 net up 29% at Rs 78.9 cr

Havells India has reported a net profit of Rs 78.9 crore in the third quarter of FY12, rising 29.3% as compared to Rs 61 crore in a year ago quarter.

Net sales jumped 24% to Rs 896 crore from Rs 722 crore year-on-year.

Numbers were better than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 69 crore and sales at Rs 866 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Phosphorous Q3 net up 155% at Rs 120 cr

United Phosphorous has reported a net profit of Rs 120 crore in the third quarter of FY12, rising 155% as compared to Rs 47 crore in a year ago quarter.

There was an exceptional gain of Rs 54 crore in the October-December quarter.

Net sales went up 17.5% to Rs 873 crore versus Rs 743 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

LIC Housing Q3 net up 43% aided by provision write back

Aided by an one-off item of provisioning write-back, India's second largest mortgage lender LIC Housing Finance 's (LICHF) third quarter (Oct-Dec) net profit rose more than 43% year-on-year to Rs 306 crore. However, the net interest income (NII) or the difference between interests earned and paid out, fell 5% y-o-y to Rs 326 crore on slower loan disbursements to developers.

The company was making provisions on standard assets and non-performing assets in excess over National Housing Bank (NHB) norms. With revised NHB prudential norms, the company has reversed the excess provisions of around Rs 80 crore during the quarter, according to a release issued by LICHF.

The outstanding loan portfolio rose 27% y-o-y to Rs 58,707 crore. In the three months period ending December, the company reduced its credit exposure to real estate developers. Disbursements in the developer loan segment were Rs 154 crore compared with Rs 411 crore a year back.

"So far, we have provided around Rs 700 crore loans on this account. We aim to disburse Rs 3,000 crore developers loan in FY12. That will help align our net interest margin. We will retain our NIM in the range of 2.7-3% in FY12," V K Sharma, chief executive of LICHF told Moneycontrol.com.

However, the company expanded its book for individual loans. It disbursed around Rs 4,570 crore loans to home buyers as against Rs 4,215 crore, a rise of more than 8%.

The net interest margin (NIM) contracted from 2.45% to 2.27% sequentially. The gross non-performing asset ratio almost remained flat at 0.63% quarter-on-quarter suggesting that the company has maintained its asset quality.

NHB is the regulator for all housing finance companies. A loan account is termed non-performing asset when a borrower stops equated monthly installments for 90 days.

Standard asset means the asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any problem nor carry more than normal risk attached to the business.

Meanwhile, LICHF is looking to raise fresh funds to expand its business. The Life Insurance Corporation of India or LIC, the parent body of LICHF, according to Sharma, has given in-principal approval in this regard.

"The amount of fund raising is yet to be finalised. We will also decide the routue to mop up funds," he added.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Balrampur Chini disappoints in Q3, posts loss of Rs 64 cr

Balrampur Chini , one of largest sugar manufacturing companies in India, has reported a net loss of Rs 64 crore in the October-December quarter of FY12 as against profit of Rs 23.4 crore in the corresponding quarter of last fiscal and loss of Rs 39.4 crore in the previous quarter.

Net sales jumped nearly 25% to Rs 662 crore versus Rs 530.6 crore year-on-year.

The company disappointed the street with its bottomline numbers while topline was quite better than expectations; CNBC-TV18 poll saw profit after tax of Rs 18 crore and sales of Rs 590 crore.

Consumption of raw material increased 58.5% to Rs 807 crore from Rs 509 crore year-on-year. The company made provision of Rs 92 crore post SC decision as a raw material cost.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Allahabad Bank Q3 net up 35% at Rs 560 cr

Allahabad Bank has reported a net profit of Rs 560 crore in the third quarter of FY12, a massive jump of 34.6% as compared to Rs 416 crore in a year ago quarter.

Net interest income jumped 31.3% to Rs 1,381 crore from Rs 1,051.6 crore year-on-year.

Gross non-performing assets (NPAs) increased at 1.86% versus 1.77% quarter-on-quarter. Gross NPAs stood at Rs 1,887 crore in the October-December quarter of FY12 as against Rs 1,715 crore in previous quarter.

Allahabad Bank has made provisions of Rs 421 crore, more than 78% higher as compared to Rs 236 crore in a year ago quarter and 2% higher as against Rs 412 crore in the previous quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

OBC Q3 net profit down 13% at Rs 354 cr

Public sector lender Oriental Bank of Commerce has reported a net profit of Rs 354 crore in the quarter ended December FY12, a fall of 13% as compared to Rs 408 crore in the corresponding quarter of last fiscal.

Net interest income went up 10.6% to Rs 1,139 crore from Rs 1,030 crore year-on-year.

Numbers were slightly better than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 334 crore and net interest income of Rs 1,061 crore.

Gross non-performing assets (NPAs) declined at 2.92% versus 2.95% quarter-on-quarter. The bank reported gross NPAs at Rs 3,232 crore as against Rs 3,111 crore QoQ.

Provisions nearly doubled to Rs 381 crore from Rs 192 crore year-on-year while reduced by 21% quarter-on-quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Indian Bank Q3 net up 7% at Rs 526 cr

Public sector lender Indian Bank has reported a net profit of Rs 526 crore in the third quarter of FY12, rising over 7% as compared to Rs 491 crore in a year ago quarter.

Net interest income went up nearly 13% to Rs 1,170 crore from Rs 1,037 crore year-on-year.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 542.1 crore and net interest income of Rs 1,189 crore.

Gross non-performing assets (NPAs) increased at 1.35% versus 1.21% quarter-on-quarter.

The bank reported gross NPAs at Rs 1,190 crore versus Rs 1,047 crore and net NPAs at Rs 695 crore versus Rs 595 crore quarter-on-quarter.

Indian Bank made provisions of Rs 236 crore in the October-December quarter of FY12, which was much higher as compared to Rs 54 crore in the corresponding quarter of last fiscal and Rs 220 crore in an earlier quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sadbhav Engg Q3 net profit up 61.5% at Rs 42 cr

Sadbhav Engineering has reported stellar performance in the October-December quarter of FY12. Its net profit jumped 61.5% to Rs 42 crore as against Rs 26 crore in a year ago quarter.

Income from operations moved up 52% to Rs 724 crore from Rs 476 crore year-on-year.

At 12:26 hours IST, the share was trading at Rs 135.20, up 5.71%.

Trading volumes jumped 805% to 98,743 shares as compared to its 5-day average of 10,913 shares. Market capitalisation stands at Rs 2,031.84 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bhushan Steel Q3 net profit down at Rs 277 cr

Bhushan Steel has reported a net profit of Rs 277 crore in the third quarter of FY12 as against Rs 280 crore in a year ago quarter.

Net sales jumped 24% to Rs 2,407 crore in the quarter ended December FY12 versus Rs 1,943 crore in the corresponding quarter of last fiscal.

The company's board members approved raising up to Rs 700 crore via rights issue.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Net FII Purchases & Sales during the Week 23rd Jan 2012 to 27th Jan 2012

Net FII Purchases & Sales during the Week 23rd Jan 2012 to 27th Jan 2012

FII purchases during the week:

23/01/2012: 997.3
24/01/2012: -12.8
25/01/2012: 909.1
27/01/2012: 1172.2

FII sales during the week:

24/01/2012: -12.8

FII were net buyer of Rs 3065.80 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance during the Week 23rd Jan 2012 to 27th Jan 2012

Sectoral Performance during the Week 23rd Jan 2012 to 27th Jan 2012

MAJOR SECTORAL GAINERS:

CAPITAL GOODS: 5.60%
AUTO: 4.30%
IT: 4%
CONSUMER DURABLE: 3.40%
PSU: 2.50%
POWER: 2.10%
PHARMA: 1.50%
FMCG: 0.70%

MAJOR SECTORAL LOSERS:
No major sectoral losers. Only Realty sector closed with minor loss of -0.25%.

MAJOR GAINERS IN ‘A’ CATEGORY:

SUZLON: 25.20%
ESSAR OIL: 21.30%
EVEREST KANTO: 21%

MAJOR LOSERS IN ‘A’ CATEGORY

VIDEOCON IND: -7.50%
ALSTOM PROJECTS: -6.80%
ADANI ENTERPRISES: -6%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 23rd Jan 2012 to 27th Jan 2012

Trend in Global Market during the Week 23rd Jan 2012 to 27th Jan 2012


DOW JONES: -0.50%
FTSE: 0.10%
DAX: 1.70%
CAC: -0.10%
BOVESPA: 1%
NIKKEI: 0.90%
SINGAPORE: 2.30%
HANG SENG: 1.90%
SENSEX: 3%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 30th Jan 2012 to 3rd Feb 2012

Important US Economic Data Releases for the Week 30th Jan 2012 to 3rd Feb 2012

Monday
Personal Income and Outlays

Tuesday
Employment Cost Index
Chicago PMI
Consumer Confidence
State Street Investor Confidence Index
Farm Prices

Wednesday
Motor Vehicle Sales
ADP Employment Report
ISM Manufacturing Index
Construction Spending
EIA Petroleum Status Report

Thursday
Chain Store Sales
Jobless Claims
Productivity and Costs
Bloomberg Consumer Comfort Index
EIA Natural Gas Report

Friday
Employment Situation
Factory Orders
ISM Non Manufacturing Index

Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bank of India Q3 net up 10%, says no more lending to SEBs

Public sector lender Bank of India 's (BoI) third quarter (October-December) net profit rose nearly 10% year-on-year to Rs 716 crore on the back of lower provisioning due to improved asset quality. The numbers were better than the market expectations.

The net interest income (NII) or the difference between interests earned and paid up crawled up 4% y-o-y to Rs 2,067 crore. CNBC-TV18 had expected net profit of Rs 619 crore and NII of Rs 2,033 crore.

The bank's global (domestic + foreign) loan book expanded 21% y-o-y to around Rs 2.33 lakh crore while the domestic credit off-take saw rather a muted growth of just 8% at around Rs 1.63 lakh crore. The global net interest margin increased to 2.55% versus 2.44% a quarter back.

"We have revised our domestic credit growth target from 17% to 15.5%," Alok K Misra, Chairman and Managing Director, Bank of India told Moneycontrol.com.

"It was a conscious decision to grow slow on corporate credit compared to retail side. So far, our incremental credit growth (domestic) has been flat. We have replaced Rs 14,000 crore low yielding short term loans by high yielding mid corporates and retail credit. This has resulted into lower growth (between April 01 and Dec 31)," he said.

The Reserve Bank of India has revised the industry's credit growth projection from 18% to 16% in its December quarter monetary policy. In the three months period, the BoI's corporate book grew by 10% as compared with 15% rise in retail loans.


The lender's provisions (other than tax) and contingency fell 40% sequentially to Rs 693 crore. The gross non-performing asset (NPA) ratio improved from 3.02% to 2.74% quarter-on-quarter. The net NPA ratio too declined from 1.98% to 1.78%.

During the quarter, BoI has restructured assets worth Rs 2,233 crore wherein a single large corporate account accounted for two third of it. The bank said it has recognised loans given to Kingfisher Airlines as a non performing loans and GTL in restructured assets.

BoI's credit exposures to aviation and power sectors are Rs 4,000 crore and 12,900 crore respectively. According to N Seshadri, an executive director of the bank, it has stopped extending fresh credit to the troubled state electricity boards (SEBs). Out of total power sector loans, SEBs account for Rs 6,500 crore.

"Many SEBs including Tamil Nadu, Rajasthan, Delhi, Andhra and Hariyana have already hiked their tariff. In case of an increase in tariffs, they would not require any bank loan any more," said Seshadri.

Domestic deposits climbed more than 14% y-o-y to around Rs 2.44 lakh crore while global deposits shot up nearly 22% to Rs 3.07 lakh crore.

In the October-December quarter, the bank's international business grew at a much higher pace than its domestic segment. The foreign business spurted 67% y-o-y to Rs 1.33 lakh crore as against 11.50% rise in the domestic arena at Rs 4.08 lakh crore.

BoI shares on Friday closed at Rs 353, up 3% on the NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NHPC Q3 net profit down 29.6% at Rs 212 cr

NHPC , India's largest hydro power generation company, has posted a net profit of Rs 212 crore in the third quarter of FY12, a fall of 29.6% as compared to Rs 301 crore in the corresponding quarter of last fiscal.

Total income jumped 17.4% to Rs 882 crore from Rs 751 crore during the same period.

Other income too increased 22.3% to Rs 203 crore in the October-December quarter of FY12 versus Rs 166 crore in a year ago period.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NTPC Q3 net profit falls 10% to Rs 2,130 cr

NTPC , country's largest power generation company, has reported a net profit of Rs 2,130 crore in the third quarter of FY12, a more than expected fall of 10.16% as compared to Rs 2,371 crore in a year ago quarter.

Net sales jumped 14.23% to Rs 15,330 crore from Rs 13,420 crore year-on-year.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw a net profit of Rs 2,250 crore and net sales at Rs 15,698 crore.

Company will pay interim dividend of Rs 3.5 a share.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BHEL Q3 net up 2% at Rs 1433 cr

State-owned Bharat Heavy Electricals (BHEL) has reported a net profit of Rs 1,433 crore in the quarter ended December FY12, a growth of 2.14% as compared to Rs 1,403 crore in a year ago period.

Total income of the company increased 19% to Rs 10,743 crore from Rs 9,023 crore year-on-year.

Bottomline and topline were in line with analysts' expectations; CNBC-TV18 poll saw net profit at Rs 1,427 crore and total income of Rs 10,793 crore.

EBITDA was almost flat at Rs 2,080 crore versus Rs 2,072 crore during the same period.

Margin declined at 19.37% in the quarter ended December FY12 versus 22.96% in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Petronet LNG Q3 net up 73% at Rs 295 cr

Petronet LNG , India's largest importer of liquefied natural gas, has reported a net profit of Rs 295 crore in the third quarter of FY12, a massive growth of 72.72% as compared to Rs 170.8 crore in a year ago quarter.

Net sales jumped 74.5% to Rs 6,330 crore from Rs 3,627.6 crore year-on-year.

Numbers were better than analysts' expectations. CNBC-TV18 poll saw a profit after tax of Rs 265 crore and sales at Rs 6,070 crore.

But, operating profit margin declined at 7.9% in the October-December quarter of FY12 versus 9.52% in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Canara Bank Q3 net down 20.7% at Rs 876 cr

State-owned Canara Bank has reported a net profit of Rs 876 crore in the third quarter of FY12, degrowth of 20.7% as compared to Rs 1,105 crore in a year ago quarter.

Net interest income too fell 9.5% to Rs 1,918 crore from Rs 2,119 crore during the same period.

Numbers were less than expectations; CNBC-TV18 had expected net profit of Rs 913 crore and net interest income of Rs 2,085 crore.

Gross non-performing assets (NPAs) increased at 1.81% in the quarter ended December FY12 versus 1.73% in the previous quarter. Gross NPAs stood at Rs 3,999 crore versus Rs 3,793 crore quarter-on-quarter.

Canara Bank made provisions of Rs 501 crore in the October-December quarter, rising 219% as compared to Rs 157 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sesa Goa Q3 PAT down 35% at Rs 691.5 cr

Sesa Goa , a part of London listed Vedanta, has reported a profit after tax of Rs 691.5 crore in the third quarter of FY12, a massive fall of 35% as compared to Rs 1,065.3 crore in a year ago quarter.

Net profit included Rs 122 crore as income from Cairn India, in which it holds about 20% stake post acquisition.

Net sales shot up 16.3% to Rs 2,617 crore from Rs 2,250.10 crore during the same period.

Topline was higher than expected primarily due to the liquidation of inventory from both Goa and Karnataka and bottomline boasted by stake in Cairn.

EBITDA was down 26.7% to Rs 894.4 crore from Rs 1,220.1 crore year-on-year. EBITDA declined at 34.2% in the quarter ended December FY12 versus 54.2% in the corresponding quarter of last fiscal.

The company reported a loss on FCCB at Rs 178 crore as against gain of Rs 2 crore during the same period.

In Q2FY12, EBITDA was hit by foreign exchange loss booked on FCCB amounting to Rs 234 crore. Of the total debt, forex debt constitutes USD 400 million (FCCB USD 215 million)

Export duty tripled to Rs 448.5 crore from Rs 116.7 crore year-on-year.

Factors:

Realizations came in at USD 93/ tonne versus USD 84/tonne in Q2FY12

Sales Volume (YoY) - Boasted by inventory Liquidation:

-Iron ore sales were at 5.04 mt vs 4.78 mt

-Sold 0.64 mt of iron ore in Q3 via e-auctions in Karnataka

-Goa sales were at 4.40 mt vs 3.74 mt

Production down 29% (YoY):

- Production stood at 3.33 MT down by over 29 %

- Impacted by the (i) Mining ban in Karnataka (ii) Lapse of mining lease in Orissa

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRFC Tax Free Bonds Product Note

Key Highlights
• A wholly owned Public Financial Institution, incorporated in 1986 by Ministry of
Railways.
• Highest credit rating of “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and “Fitch
AAA (ind)” by FITCH.
• Listing on BSE and NSE.
• Tax Free Secured Redeemable NCD with coupon rate of 8.15% for 10 years and 8.30%
for 15 year for Retail Investors and 8% for 10 years and 8.10% for 15 years for Other
Investors.
• Investors, including NRI’s have the option of applying in the physical option, however
trading with only will be in demat form.
• Allocation of 45% in Category I, 25% in Category II and 30% in Category III.

Issue Size (Rs in Crs)
Tax Free Secured Redeemable Non-convertible Bonds aggregating Rs 3,000 Crores with an
option to retain an oversubscription upto the Shelf Limit (i.e. Rs 6300 Crores).

Issue Program*

• Issue Opening Date- 27th January , 2012
• Issue Closing Date – 10th February, 2012*
• Deemed Date of Allotment - Deemed Date of Allotment shall be the date on which the Directors of the Company or any committee thereof approves the allotment of the Bonds for each Tranche Issue.

*The Issue shall remain open for subscription for a minimum of 3 days or such extended period upto a maximum period of 30 days from the date of opening of the Issue. In case of early closure, IRFC shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper.

Terms of Issue


Company Profile
Indian Railway Finance Corporation Limited, a wholly owned Public Financial Institution was incorporated on 12th December, 1986 by the Ministry of Railways, for the purpose of raising the necessary resources for meeting the developmental needs of Indian Railways. IRFC began its operations after obtaining the certificate of Commencement of Business on 23rd December, 1986. The development of IRFC's business is dependant on the Ministry of Railways' strategy concerning the growth of Indian Railways. Its principal business is borrowing from the commercial markets to finance the acquisitions of the infrastructure assets which are then in turn leased to Indian Railways. IRFC is registered as a Non- Banking Finance Company fully owned by the Government of India under section 45 IA – with RBI, but IRFC does not need to comply with the Reserve Bank of India's regulatory requirements on asset classification, income recognition, provisioning, and prudential exposure norms, which restrict a non banking finance Company's maximum exposure to a sector or an entity.

Credit Rationale

Strengths
The ratings factor in IRFC’s sovereign ownership, its strategic importance for Ministry of Railways (MoR) as a sole arranger of lease finance and its stable earnings supported by a favorable lease agreement with MoR and low credit risk profile. The highest-credit-quality rating also factors in the adequate capitalization and comfortable liquidity profile of the corporation. IRFC is expected to maintain a dominant share in the MoR’s increasing requirement for funding rolling stock on the strength of its ability to mobilize funds at competitive rates driven by its quasi-sovereign franchise. The corporation is expected to report stable earnings in future on the strength of a favorable lease agreement with MoR, which provides it with a positive interest spread and protects it against liquidity, interest rate and exchange rate related risks.

Weakness
IRFC has average earnings profile. The Company’s profitability is, however, maintained by way of a mark-up over its borrowing cost. The outlook may be revised to ‘Negative’ if there is any reduction in its strategic importance to, or if there is any significant decline in support from, Government of India.

Financial Performance

Profit Details (Consolidated)



Allotments in case of oversubscription
In case of an oversubscription, allotments to the maximum extent, as possible, will be made on a first-come first-serve basis and thereafter on proportionate basis, i.e. full allotment of Bonds to the applicants on a first come first basis up to the date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the applicants on the date of oversubscription (based on the date of submission of each application to the Bankers to the Issue, in each Portion).

Who Can Apply

Category I:

• Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds;
• Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest in the Bonds, Insurance companies registered with the IRDA;
• National Investment Fund, Mutual Funds, Foreign Institutional Investors (including sub-accounts)
• Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the Bonds, Public/private charitable/religious trusts which are authorised to invest in the Bonds, Scientific and/or industrial research organisation, which are authorised to invest in the Bonds;
• Partnership firms in the name of the partners, Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)

Category II:
The following investors applying for an amount aggregating to above Rs.5 lakhs across all
Series in each tranche

• Resident Indian individuals;
• Hindu Undivided Families through the Karta and
• Non Resident Indians on repatriation as well as non-repatriation basis.

Category III*:
The following investors applying for an amount aggregating to upto and including Rs.5 lakhs across all Series in each tranche

• Resident Indian individuals;
• Hindu Undivided Families through the Karta and
• Non Resident Indians on repatriation as well as non-repatriation basis.

Applications cannot be made by:

• Minors without a guardian name;
• Foreign nationals;
• Persons resident outside India other than NRIs ;
• Overseas Corporate Bodies

Interest on Application Money which is refunded
The Company will pay interest on application money which is liable to be refunded to the applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque (s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 4% per annum. Such interest shall be paid along with the monies liable to be refunded.

Interest on application Money, which are used towards allotment of Bonds
The company shall pay interest on the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque (s)/demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 8% per annum. Such interest will be paid through direct credit of interest to the account of the applicants. Alternatively, the interest warrant will be dispatched along with the Letter(s) of Allotment at the sole risk of the Applicant, to the sole/first Applicant.

Taxation
Under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer.
Under section 112 of the I.T. Act, capital gains arising on the transfer of long term capital assets being listed securities are subject to tax at the rate of 20% of capital gains calculated after reducing indexed cost of acquisition or 10% of capital gains without indexation of the cost of acquisition. The capital gains will be computed by deducting expenditure incurred in connection with such transfer and cost of acquisition/indexed cost of acquisition of the bonds from the sale consideration.

Tax Benefits
These bonds carry a tax free status as per Notification No. 52/2011 F.No. 178/56/2011-(ITA.I) issued by Government of India, Ministry of Finance, Department of Revenue, (Central Board of Direct Taxes) on 23rd September, 2011. The same is published in the Gazette of India, Extraordinary, Part II, Section 3, Sub section (ii). The interest on application money will taxed as per the prevailing income tax rates. However the bond holders are advised to also consult their own tax advisor on the tax implications of the ownership and sale of bonds, and income arising thereof. Further, the benefit under Section 10(15)(iv)(h) of the Income Tax Act, 1961 (43 of 1961), shall be available only to Bondholder(s) who have registered their name(s) and holdings with IRFC.

Disclaimer

This document has been prepared for your information only. In rendering this information, we assumed and relied upon, without independent verification, the accuracy and completeness of all information that was publicly available to us. The information has been obtained from the sources we believe to be reliable as to the accuracy or completeness. This should not be construed as an offer to sell or buy the securities and the information contained herein is meant for the recipient only and is not for public distribution. This information is given in good faith and we make no representations or warranties, express or implied as to the accuracy or completeness of the information and shall have no liability to you or your representatives resulting from use of this information. We shall not be liable for any direct or indirect losses arising from the use thereof and accept no responsibility for statements made otherwise issued or any other source of information received by you and you would be doing so at your own risk. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors,
as they believe necessary. For Risk Factor, please refer to the Draft Shelf Prospectus issued
by the company dated 10th January, 2012.

For further details please contact us on the below mentioned numbers:

022 - 40156688 / 40156690 / 40156692

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

FD FI List - January 2012 - New File

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Global Q3 cons net falls 11%

Tata Global Beverages ' consolidated net profit for the third quarter fell 11% year-on-year to Rs 64.06 crore, hurt by exceptional losses and volatile coffee prices, apart from increased ad spends.

The maker of Tetley Tea reported net sales of Rs 1,793.20 crore, up 12% from a year ago.

Sales rose on the back of improved performance in most major markets and price hikes taken in some countries, Tata Global Beverages said.

While tea prices have been quite stable, volatile coffee prices hurt operations, especially in the US, where the company owns the Eight O'Clock Coffee Co., said MD Percy Siganporia.

"In the US, higher trade spends to gain volumes and significantly higher green coffee prices eroded margins," he said in a interaction with reporters.

The company's total raw material costs in third quarter were Rs 698.29 crore versus Rs 615.86 crore in the year ago quarter. Advertising and sales costs were also sharply higher at Rs 340.62 crore, compared with Rs 278.59 crore a year ago.

That apart, Tata Global Beverages also had exceptional loss of Rs 16.03 crore, related to redundancy costs incurred on business restucturing and costs incurred on new initiatives and projects.

Meanwhile the company has hired consulting firm AT Kearney to execute a cost saving exercise across the group in the current uncertain economic conditions. As a part of this, Tata Global will focus only on relevant and fast selling products like black tea and green tea in UK, while niche brands will take a backseat for now.

In India the company has phased out the tea based beverage T!ON, which it had launched in Tamil Nadu.

Siganporia said all of its core tea brands in India had shown strong growth in the quarter. Tata Tea is No 1 in India with a volume market share of 19.5% and value market share of 21.3% in December, Siganporia said, citing AC Nielsen figures.

The company gets a majority of its revenue from its global operations and is hungry for more. Siganporia said the company was open to acquisitions and US and Russia would be key regions for buyouts going ahead.

"We see exciting opportunities in the beverage space in US and Russia," he said.

Shares of the beverage maker ended today's trade up 2.14% at Rs 95 a piece.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

REC Q3 net up 16% at Rs 770 cr

Rural Electrification Corporation (REC) has reported a net profit of Rs 770 crore in the quarter ended December FY12, a growth of 16% as compared to Rs 664 crore in the corresponding quarter of last fiscal.

Net sales jumped 27% to Rs 2,650 crore versus Rs 2,086 crore year-on-year.

REC's board members approved interim dividend of Rs 5/share.

At 15:28 hours IST, the share was quoting at Rs 202, up 6.82% over previous closing price.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRB Infra Q3 cons net profit down at Rs 131 cr

IRB Infrastructure has reported a consolidated net profit of Rs 131 crore in the third quarter of FY12 as against Rs 133 crore in a year ago quarter.

Consolidated income from operations climbed 11% to Rs 745 crore from Rs 669 crore during the same period.

Other income jumped 183% to Rs 34 crore in the quarter ended December FY12 versus Rs 12 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Vijaya Bank Q3 net profit down 18% at Rs 124 cr

State-owned Vijaya Bank 's net profit fell 18.4% to Rs 124 crore in the third quarter of FY12 as against Rs 152 crore in a year ago quarter.

Net interest income too dropped 11.7% to Rs 474 crore from Rs 537 crore year-on-year.

Gross non-performing assets (NPAs) increased at 2.98% in the quarter ended December FY12 as against 2.54% in the previous quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Union Bank of India Q3 net down 66% at Rs 197 cr

Union Bank of India has reported less than expected numbers in the third quarter of FY12 due to corporate banking losses and fall in treasury operations. Its Q3 net profit fell 66% to Rs 197 crore as against Rs 579.6 crore in the corresponding quarter of last fiscal.

The bank reported a loss of Rs 81 crore in its corporate banking division as against profit of Rs 366 crore year-on-year. Its treasury operations' profit dropped nearly 43% to Rs 190 crore from Rs 332 crore during the same period.

Net interest income increased 10% to Rs 1,781 crore from Rs 1615.8 crore year-on-year.

Provisioning of seventh largest bank in public sector by total assets jumped 143.25% to Rs 973 crore in the quarter ended December FY12 as against Rs 400 crore in a year ago quarter.

Net non-performing assets (NPAs) stood at 1.88% - less as compared to 2.04% in the previous quarter. Even gross NPAs declined at 3.33% versus 3.49% quarter-on-quarter.

The bank reported gross NPAs at Rs 5,209 crore in October-December quarter of FY12 as against Rs 5,136 crore in an earlier quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bank of Baroda Q3 net up 21% at Rs 1,290 cr

Bank of Baroda , second largest public sector bank by market cap, has reported a net profit of Rs 1,290 crore in the quarter ended December FY12, a growth of 21% as compared to Rs 1,069 crore in a year ago quarter.

Other income came in at Rs 1,149 crore, showing 70% jump as compared to Rs 676 crore year-on-year.

Net interest income went up 15.9% to Rs 2,656 crore in the October-December quarter of FY12 versus Rs 2,292 crore in the corresponding quarter of last fiscal.

Gross non-performing assets (NPAs) increased at 1.48% as against 1.41% in the previous quarter.

The bank made total provisions of Rs 836 crore in the third quarter of FY12, a massive jump of 175% over Rs 304 crore in a year ago quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Patni Computer beats street; Q4 cons net up 75% QoQ

Software services provider Patni Computer Systems reported a better-than-expected 75% sequential rise in consolidated net profit for the fourth quarter at Rs 146.15 crore, based on US-GAAP accounting standards.

The iGATE Corp owned company's revenue in October-December was up 10% quarter-on-quarter at Rs 1,029.5 crore.

Patni Computer's fourth quarter net profit was down 17% year-on-year due to income taxes of Rs 63.4 crore in Oct-Dec. Its revenue was up 25.5% from a year ago.

According to Indian-GAAP numbers Patni's fourth quarter consolidated net profit more than doubled sequentially to Rs 200.42 crore. Revenue was up near 16% from the July-September quarter at Rs 1,009.20 crore.

Its gross margins were at 40% in the three-month period, Patni said.

Analysts on average had expected Patni to report a net profit of Rs 130 crore on revenue of Rs 1,000 crore, according to CNBC-TV18 poll.

Patni said it added 16 new customers in the fourth quarter and had 26,523 employees as of Dec 31. Two deals above USD 200 million are also in the pipeline, it said.

The company said it has invested USD 15 million in a new 260,000 square feet facility in Bangalore. A capital outlay of USD 120 million has also been approved to build a residential training facility along with a 5,000 member capacity delivery centre in Pune, campus expansion in Mumbai and extra phase in Bangalore.

Meanwhile, iGATE has fixed a floor price of Rs 356.74 a share for delisting Patni. The company had said earlier this month that a special resolution to delist its shares had been approved by shareholders.

As per the delisting proposal, equity shares of Patni would be delisted from the BSE and NSE, as well as its American Depository Receipts (ADRs) would be delisted from the New York Stock Exchange.

US-based iGATE, backed by private-equity firm Apax Partners, had in January 2011 acquired a majority stake in Patni for USD1.2 billion.

Patni Computer shares rose post the announcement and were up 2.3% at Rs 484.20 on NSE in noon trade on Wednesday. The stock had hit a 52-week high of Rs 502 earlier in the session.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Grasim Ind Q3 cons PAT up 33% 669cr

Grasim Industries has announced its third quarter results. The company's Q3 consolidated net profit was up 33% at Rs 669 crore versus Rs 502 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 626 crore versus Rs 539 crore, YoY.

Its other income was up at Rs 140 crore versus Rs 70.5 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cairn India's Q3 net up 13%, co says growth plans on track

Cairn Indian has posted a net profit of Rs 2262 crore for the December quarter, up.13%. year-on-year on the back of forex gains of Rs 626 crore.

Sales, however remained flat at Rs 3096 as realisations from its Rajasthan fields remained flat at a production rate of 125,000 barrel of oil per day (bopd) y-o-y.

However, the company expects to close fiscal 2011-12 at a production rate of 175,000 bopd, which sounds little bullish, say analysts but can be achieved if no roadblocks occur.

The company's Mangala, Bhagyam and Aishwariya oil fields in Rajashtan have gross recoverable reserves and resources of around a billion barrels. These fields have the potential to produce a fifth of India's entire crude production once its approved plateau rate of 175,000 bpd is reached, claims Rahul Dhir, Cairn India's managing director and chief executive officer.

Giving an update on the company's oil block in Sri Lanka Dhir added that Cairn has successfully completed the first phase of the exploration campaign in Sri Lanka which included deep water drilling programme and will soon start the second phase of exploration.

With the company being stable with its expansion plans, the management hopes to exit the fiscal in the green.

Meanwhile, the EPS grew to Rs 11.85 vs Rs 10.53 y-o-y. Shares of the company closed the day at Rs 351.75, up 1.93%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

USDvsINR Charts - DENIP Consultants - Dewang K Mehta

Dear All,

Following are the 2 charts for the USD VS INR. One is the daily chart and the other is the weekly chart. 

We at DENIP Consultants believe that the inverted hammer candlestick on the Daily charts will be significant enough and should lead the dollar higher. Its time that traders start buying the dollar again and book profits on the short USD/INR trade.

Thanks,

Dewang K Mehta

DENIP Consultants Pvt. Ltd.

Disclaimer Post Applies

Nifty View - DENIP Consultants - Jan 2012 - Dewang K Mehta

Dear All,

The down trend that started on the Nifty since November 2010 from 6300+ levels on the Nifty is under significant threat.


I, have highlighted the tops with the help of a black trendline in the chart below.

We at DENIP Consultants believe that if we see a close above the 5220 mark on the Nifty we could see this downtrend end. A close above 5220 would definitely indicate the beginning of a major up trend which could last at least a year/ year and a half.

However for the short term traders, it would not be a bad point to initiate some speculative shorts. We would advise investors to start deploying cash into banking and metal stocks provided we see a close above 5220.

Do feel free to post your comments / views on the Nifty & get in touch with us in case you need to create a portfolio to encash this rally.

Thanks,
Dewang K Mehta
DENIP Consultants Pvt. Ltd.
Disclaimer Post applies.

Cairn India Q3 cons PAT up 12% at Rs 2262cr

Cairn India has announced its third quarter results. The company's Q3 consolidated net profit was up 12% at Rs 2,261.93 crore versus Rs 2,010.12 crore, year-on-year, YoY.

Its consolidated net sales at Rs 3,096.76 crore versus Rs 3,096.44 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Zensar Tech Q3 cons net profit up at Rs 52.3cr

Zensar Technologies has declared its third quarter results. The company's Q3 consolidated net profit was up at Rs 52.3 crore versus Rs 40 crore, quarter-on-quarter, QoQ.

Its consolidated net sales were up at Rs 481 crore versus Rs 409 crore, QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Lupin Q3 cons net up 5% YoY at Rs 235 cr

Pharma company Lupin 's consolidated net profit for the third quarter rose 5% year-on-year at Rs 235.1 crore as strong sales growth was offset by higher tax expenses.

The company's net sales in the October-December quarter were up 22% from a year ago to Rs 1,791.7 crore.

Analysts on average had expected Lupin to report a net profit of Rs 233 crore on revenue of Rs 1,730 crore.

"We had a good quarter aided by strong operating performance, new launches and strong growth across US, India and Japan," said Dr Kamal Sharma, MD.

During the three-month period, Lupin's tax expenses surged to Rs 70 crore from Rs 23.7 crore in the year ago quarter.

In the third quarter, formulation sales in US and Europe grew 20.3% from a year ago to Rs 683.2 crore. Lupin's Japanese sales were up 43% to Rs 246.8 crore, and sales India rose near 30% from a year ago to Rs 519.8 crore.

Sales in other emerging markets rose 42.3% to Rs 143.9 crore in the quarter. Lupin's South African arm Pharma Dynamics saw sales growth of 17.2% to Rs 58.3 crore in Oct-Dec. API sales were, however, lower by 13% at Rs 198.1 crore.

Lupin launched three oral contraceptive products in the US in the third quarter. It also filed three abbreviated new drug applications (ANDA), bringing the cumulative filings to 156 ANDAs. It received seven ANDA approvals, taking the total approvals to 61.

Lupin shares on Tuesday closed up 2.1% at Rs 446.90 on NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Edelweiss Capital Q3 PAT up 12% at Rs 29cr

Edelweiss Capital has declared its third quarter results. The company's Q3 net profit was up 11.78% at Rs 29.4 crore versus Rs 26.3 crore, quarter-on-quarter, QoQ.

Its total income was up 22.31% at Rs 455 crore versus Rs 372 crore, QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Yes Bank Q3 net profit up 33% at Rs 254 cr

Yes Bank has announced its third quarter results. The company's Q3 net profit was up 33% at Rs 254 crore versus Rs 191 crore, year-on-year, YoY.

Its net interest income (NII) was up 32% at Rs 428 crore versus Rs 323 crore, YoY.

Its gross NPAs unchanged at 0.2% (QoQ).

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

THE BOMBAY DYEING & MFG. COMPANY LTD

We are happy to inform you that ‘THE BOMBAY DYEING & MFG. COMPANY LTD’ has started accepting fresh FD.

Please note that limit under Public category is very small, whereas limit under shareholder category is available. Cheque / DD payable at Mumbai required. Buy just 1 share & apply. & get 0.50% p.a. additional interest.

Minimum Amount - Rs.20000 & additional amount in multiples of Rs.5000.

Interest - 10.50% P.A. payable Quarterly
- 11.00% P.A. – to senior citizens / shareholders

Period - 3 years

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Public Issue of IRFC and HUDCO Tax Free Bonds

Tentative update on upcoming Tax Free Bond Issues :


Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sterlite Ind Q3 cons PAT down 17% at Rs 914 cr

Sterlite Industries has announced its third quarter results. The company's Q3 consolidated net profit was down 17% at Rs 914 crore versus Rs 1,101.1 crore, year-on-year, YoY.

Its revenues were up 23.53% at Rs 10,246 crore versus Rs 8,294.3 crore, YoY.

Its other income was up 75.75% at Rs 877 crore versus Rs 499 crore, YoY.

Its EBITDA margins was down at 22.1% versus 23.4%, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Kotak Mahindra Bank Q3 net rises 21%

Private sector lender Kotak Mahindra Bank posted a better-than-expected 21 percent rise in quarterly profit helped by higher loan growth, better asset quality and lower provisions.

Consolidated net profit rose to 4.63 billion rupees in the fiscal third quarter ended December from 3.84 billion rupees a year ago, the bank said in a statement.

Net interest income grew 14 percent to 10 billion rupees. It had grown about a quarter in the year-ago period.

Interest expenses grew on higher deposit rates and after it raised interest rates on savings deposits, following a deregulation in the rate by the Reserve Bank of India.

The bank was estimated to post an 18 percent rise in consolidated net profit at 4.5 billion rupees, according to Thomson Reuters I/B/E/S.

The bank posted a one-time loss of 2.2 billion rupees on sale of investments from a gain of 149.3 million rupees in the same period a year ago.

Shares of the bank, which has a market capitalisation of more than $7 billion, fell nearly 4 percent after the results, as the bank's futures and options saw a build-up of fresh short postions, with open interest position at day's end at 3.63 million shares, derivative dealers said.

Its shares have outperformed the broader market, rising nearly a fifth in the year to January 21, compared with a more than 13 percent drop in the banking index.

Net interest margin, a key gauge of profitability, stood at 4.7 percent compared to 5 percent in the same period a year ago.

"We expect to maintain margins around current levels in FY12," Jaimin Bhatt, president and group chief financial officer told reporters.

The bank's provisions for the quarter fell to 452.2 million rupees from 534.3 million rupees in the year-ago quarter.

Net non-performing assets --or bad loans -- as a proportion of net assets was at 0.47 percent this quarter from 0.69 in the year ago quarter.

The Reserve Bank of India had warned Indian banks to step up efforts to resolve bad loans and tighten risk management systems as sticky loan portfolio of small and medium enterprises was under threat of rising in a high interest rate environment.

"We are far more cautious now (on assets). We have been watching and monitoring very very closely," Dipak Gupta, joint managing director said.

Asset quality of private lenders has so far been resilient with bad loans under 0.5 percent of total assets.

India's main policy rate, at 8.5 percent, is at its highest since July 2008 after the Reserve Bank of India raised interest rates 13 times since March 2010 to try to rein in inflation.

Larger rivals HDFC Bank and Axis Bank

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Maruti Suzuki Q3 net down 64% on lower sales, rupee decline

Maruti Suzuki India 's net profit for the third quarter plunged 64% from a year ago to Rs 205.62 crore, hurt by a sharp depreciation in the rupee and a decline in sales. The labour unrest at its Manesar plant in October also hurt production of some of its models, including one of its top selling compact car Swift, which further dented earnings.

"The depreciation of the rupee during the quarter adversely impacted the bottom-line through higher cost of imports for the company and its vendors and royalty," it said on Monday.

Maruti Suzuki pays a royalty to its Japanese parent Suzuki Motor Corp.

The India's top passenger car maker reported better-than-expected net sales of Rs 7,663.64 crore, down 17.4% year-on-year in October-December.

Analysts on average were expecting Maruti Suzuki to report a net profit of Rs 200 crore on revenue of Rs 7,463 crore, according to a CNBC-TV18 poll.

After accelerating over 30% in 2010-11, passenger car sales have hit rough road this fiscal due to expensive loans and high petrol prices. Society of Indian Auto Manufacturers (SIAM) expects Indian auto sales will grow at best 2% in 2011-12. The small car segment, where most of the models are sold with petrol engines, is among the worst hit. Maruti Suzuki is the dominant player here with models like Alto, A-Star, WagonR, Ritz and Estilo.

During the three-month period, Maruti Suzuki sold 211,803 units in the domestic market, down 29.2% from a year ago. Its exports were down 11% to 27,725 units.

"Unit sales in the quarter were impacted by sluggish market conditions caused by higher fuel prices and interest rates. Additionally, the company lost around 40,000 units in production due to the industrial relations problem at Manesar," it said.

The sharp increase in petrol price, meanwhile, has fuelled demand for diesel cars. Maruti Suzuki had said earlier that majority of new bookings for the Swift were for its diesel variant, which has increased the waiting list sharply. Maruti Suzuki recently signed a deal with Fiat India to source 100,000 diesel engines per year for the next three years.

Meanwhile, Maruti Suzuki's operating profit margin was at 5.2% in third quarter, compared with 9.4% year-on-year.

its interest expenses during the quarter jumped to Rs 17.4 crore, from Rs 36 lakh. Its other income was up 23% year-on-year to Rs 160.4 crore. Tax Expenses in Oct-Dec were also sharply lower at Rs 55.68 crore, from Rs 227.6 crore in the year ago quarter.

Maruti Suzuki shares were initially trading down 2%. But they recovered their losses shortly post the earnings and at 14:35 hrs, the stock was up 2.5% at Rs 1,130.65 crore on NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

L&T Q3 net up 18% at Rs 991 cr

Larsen and Toubro (L&T), an engineering & construction company, has reported a net profit of Rs 991 crore in the third quarter of FY12, a growth of 18% as compared to Rs 840 crore in a year ago quarter.

Other income jumped 78.9% to Rs 449 crore from Rs 251 crore during the same period.

Net sales shot up 22.66% to Rs 13,999 crore from Rs 11,413 crore year-on-year.

Numbers were quite better than expectations; CNBC-TV18 poll had expected net profit of Rs 895 crore and net sales of Rs 13,233 crore.

Now L&T needs to report revenues of Rs 18,880 crore in the fourth quarter to meet full year guidance.

The company guided for 20-25% revenue growth in FY12. It has reported revenues of Rs 34,726 crore in April-December period.

Order inflow during the October-December quarter of FY12 stood at Rs 17,129 crore as against Rs 13,366 crore in the corresponding quarter of last fiscal.

Company's 9-month order inflow stood at Rs 49,415 crore, but it needs order inflow of Rs 34,593 crore to meet the given guidance.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Idea Cellular Q3 net falls less than expected

Idea Cellular , India's fourth-biggest mobile carrier by subscribers, reported a less-than-expected 17.3% fall in quarterly profit, hit by foreign exchange losses and higher interest costs.

Idea, part of India's Aditya Birla conglomerate, said consolidated net profit fell to Rs 201 crore for its fiscal third-quarter ended December from 243 crore reported a year earlier.

Analysts in a Reuters poll of brokerages on average expected net profit of Rs 156 crore for the Mumbai-based company in which Malaysia's Axiata

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Colgate Palmolive Q3 net up 75%; plans new toothpaste plant

Co lgate Palmolive India 's net profit for the third quarter jumped better-than-expected 74.5% from a year ago to Rs 115.6 crore, helped by strong sales growth and price hikes.

The personal care products maker also said on Monday that focused programmes to enhance efficiencies and reduce costs continued to yield strong, positive results, helping to maintain margin and fund investments.

"Prudent price increases and cost management has enabled the company to maintain its gross margin at 60% for this quarter and nine months ended Dec 31," it said.

Colgate's net sales in October-December rose 20% year-on-year to Rs 669.6 crore.

Analysts on average had expected Colgate to report net profit of Rs 93 crore on revenue of Rs 655 crore, according to a CNBC-TV18 poll.

The company's toothpastes saw volumes grow 15% in the three-month period, and it had a market share of 52.5% in the category over Dec 2010-Nov 2011. It had 27.4% market share in mouthwash category over the same period.

Colgate is in the process of setting up a new toothpaste manufacturing facility at Sanand in Gujarat. The company said it paid an advance of Rs 42.6 crore to Gujarat Industrial Development Corp towards net allotment price for lease of the factory land.

Markets cheered Colgate's results. At 12:25 hrs, the stock was up 3.5% at Rs 993.45 on NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

GAIL Q3 net up 13%, plans capex of 9k cr for FY13

Gas Authority of India (GAIL) has posted an 13% rise in its December quarter profit to Rs 1091 crore year-on-year, partly helped by higher sales. Sales for the period also rose 35% to Rs 11260 crore. Shares of the company closed the day marginally down to Rs 369.95

During the quarter, GAIL's revenues from natural gas transmission business increased 9% to Rs 1087 crore. Its petrochemicals business grew 54% to Rs 878 crore, LPG segment revenues too grew 33% to Rs 966 crore.

Meanwhile, while giving an outlook on its capex plans for FY13, the company said it plans to spend around Rs 9000 crore for which it has tied up loans worth Rs 500 crore and will raise USD 100 million by March this year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dividend in FIBCF & FTDPEF

Franklin Templeton declares annual dividend in Franklin India Bluechip Fund (FIBCF) and quarterly dividend in FT India Dynamic PE Ratio Fund of Funds (FTDPEF).

FIBCF is one of oldest equity funds in the country and has a consistent performance track record over 17 years across market cycles. It currently has assets of about Rs.4066 crores from over 276,000 investors.

FTDPEF is a unique product that has built an enviable track record since its launch in 2003. It currently manages over Rs.1409 crores in assets across 31000 investors.

The details are:


# Inclusive of statutory levy

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Net FII Purchases & Sales during the week 16th Jan 2012 to 20th Jan 2012

Net FII Purchases & Sales during the week 16th Jan 2012 to 20th Jan 2012

FII purchases during the week:

16/01/2012: 364.5
17/01/2012: 447.3
18/01/2012: 1064.5
19/01/2012: 961.3
20/01/2012: 697.7

FII were net buyers of Rs 3535.30 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance During the week 16th Jan 2012 to 20th Jan 2012

Sectoral Performance During the week 16th Jan 2012 to 20th Jan 2012

MAJOR SECTORAL GAINERS:

REALTY: 8%
OIL & GAS: 6.40%
BANKING: 5.90%
CAPITAL GOODS: 5.50%
AUTO: 4.20%
PHARMA: 0.70%
IT: 0.30%

MAJOR SECTORAL LOSERS:

FMCG: -0.90%

MAJOR GAINERS IN SENSEX:

BAJAJ AUTO: 6.50%
ICICI BANK: 5.70%
AXIS BANK: 5.70%

MAJOR LOSERS IN SENSEX:

ITC: -3.80%
DR REDDYS: -3.25%
M&M: -2.50%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 16th Jan 2012 to 20th Jan 2012

Trend in Global Market during the Week 16th Jan 2012 to 20th Jan 2012

DOW JONES: 1.60%
FTSE: 1.90%
DAX: 4.40%
CAC: 4.10%
BOVESPA: 4.20%
NIKKEI: 3.10%
SINGAPORE: 2.10%
HANG SENG: 4.70%
SHANGHAI: 1.90%
SENSEX: 3.60%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 23rd Jan 2012 to 27th Jan 2012

Important US Economic Data Releases for the Week 23rd Jan 2012 to 27th Jan 2012

Tuesday
FOMC meeting begins.

Wednesday
FOMC meeting announcement
FHFA House Price Index
Pending Home sales Index
EIA Petroleum Status Report

Thursday
Durable Goods Orders
Jobless Claims
Bloomberg Consumer Comfort Index
New Home Sales
Leading Indicators
EIA Natural Gas Report

Friday
GDP
Consumer Sentiment

Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

New Fund Offers Open for Subscription

Source: www.cafemutual.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NFO: Indiabulls Bluechip Fund opens today

New fund offer (NFO) will close on 3 February 2012.

Indiabulls Mutual Fund has launched Indiabulls Bluechip Fund. The scheme will be jointly managed by Aviral Gupta, Amarjeet Singh and Sumit Bhatnagar. According to the AMC, this fund would provide investors an opportunity to invest in a core portfolio of carefully chosen best-of-class businesses with exceptional operations. The scheme is expected to benefit from the ongoing evolution of the Indian economy.

Investment Objective: To generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of blue-chip large-cap companies.

Investment Strategy: The AMC says the scheme will predominantly invest in bluechip large-cap stocks and/or in exchange traded derivatives on the S&P CNX Nifty or such bluechip stocks. 0-35% of the net assets will be invested in securities other than bluechip large caps and a very small portion of the fund will be kept liquid. According to the offer document, the fund manager would follow a top down approach to identify themes which have the potential to outperform. The final stock selection would be done through bottom up process, wherein stocks from the shortlisted themes would be picked based on valuations and business model.

Benchmark Index: S&P CNX Nifty

Type of scheme: Open – ended

Options: Growth & Dividend (Re-invest & Pay-out)

Minimum Application Amount: Rs. 5,000 and Rs. 1,000 for SIP

Minimum Redemption Amount: 100 units or Rs.1,000 and in multiples of Rs. 1 thereafter

Exit Load: 1% if redeemed/switched out within first year, NIL if redeemed/switched out after 1 year.

Source: www.cafemutual.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Morgan Stanley MF launches multi asset fund

Morgan Stanley Mutual Fund announced the launch of its open-ended Morgan Stanley multi asset fund which opens for subscription on January 17 and closes – January 31.

The fund has two plans:A and B. Plan A seeks to generate regular income through investments in debt and money market instruments, along with capital appreciation through limited exposure to equity and equity-related instruments. Plan B will have exposure to three asset classes: equity, debt and gold ETFs. Both plans will have separate portfolios.

The fund will be co-managed by Jayesh Gandhi and Ritesh Jain.

Anthony Heredia, CEO, Morgan Stanley Mutual Fund, said: “We believe that the multi asset fund category has tremendous potential for growth. In the current market environment, multi asset funds which seek to generate reasonable returns with lower levels of risk, should find favor with investors.”

Asset allocation of Plan A

Asset allocation of Plan B


Exit load: 1% if redeemed before 1 year.

Minimum Investment: Rs. 5,000

Additional investment: Rs. 1,000

Total Recurring Expenses: 2.25% for both plans

Source: www.cafemutual.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Axis Mutual Fund plans to launch Axis Life Plan

Axis Mutual Fund has filed an offer document with SEBI to launch its open ended fund of fund scheme- Axis Life Plan.

The fund aims to generate long term capital appreciation by investing in mutual fund schemes based on a target asset allocation structure linked to the time period between current date and target date of the respective plan. The target asset allocation of the plan is designed to become more conservative & reduce risk as it approaches its target date.

The fund will invest in a range of mutual fund schemes including equity funds, debt funds, Gold ETFs and offshore funds.

Minimum Application: Rs. 5,000

Minimum Additional Purchase: Rs.100

Exit Load: 5% if redeemed/switched out within 3 years


*Includes investments of up to 10% of the net assets of the scheme in domestic gold ETFs, balanced/hybrid funds. # includes investment in offshore funds up to 10% of net assets.

The scheme will have 4 different plans - Plan 2020, Plan 2025, Plan 2030 & Plan 2035. Each plan will have a different portfolio. The name of the plan mentions the target date based on which the asset allocation will be run as per the investment strategy. Target date will be December 31 of the respective year.

The indicative allocation that the scheme will follow is mentioned below:





Source: www.cafemutual.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd