Monday, October 25, 2010

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

Thanks,
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

Sunday, October 24, 2010

Saturday, October 23, 2010

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 22nd 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.