STOCKS


The company has extended the subscription period of its offering till 5 May 2010 and has reduced the price band due to poor response from investors Tara Health Foods Ltd, which is engaged in producing animal foods and edible oils, has extended the subscription period for its initial...

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Our stock picks in 2009 have beaten various indices and mutual fund schemes on an annualised basis. Here’s a summary. As stocks struggle after a year of great gains, our method will be truly tested this year In a year in which every other stock has doubled or trebled, it would be really...

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Ravi Samalad 29 April 2010
The recent IPOs of Tara Health Foods and Tarapur Transformers have failed to woo QIBs and NIIs Qualified Institutional Buyers (QIBs) and Non-institutional Investors (NIIs) have preferred to stay away from the recently-opened low-profile initial public offerings (IPOs). Tara Health Foods...

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ABG Shipyard will profit from India’s emergence as a ship-building hub ABG Shipyard is another reasonably priced stock. It is the largest private shipyard company in India building marine ships, including bulk carriers, deck barges, interceptor boats, anchor-handling supply ships, diving...

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Moneylife Digital Team 26 April 2010
The company’s top ten customers accounted for 55.34% of its revenue for the nine-month period ended 31 December 2009 Mandhana Industries Ltd hits the market on 27 April 2010. The company derived 77.79% of its exports from Europe compared to 83.62% as on 31 March 2010. As of 31 December 2009,...

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Ador Fontech is well-poised to ride India’s construction boom Indian manufacturing and construction sectors have bounced back after the hiccups of late 2008 and early 2009; suppliers to these sectors are enjoying the ride. One product that is commonly needed in manufacturing and construction is...

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Mangalam Cement’s valuation lags its growth potential If you are upbeat about the prospects of cement companies over the long term and wish to buy a cheap cement stock, look at Mangalam Cement. Mangalam, part of the BK Birla group, has its manufacturing facility at Kota, Rajasthan. It has...

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Moneylife Digital Team 20 April 2010
The fitness chain makes 10% net margin—but the business is too small, suffers from poor cash flows and the stock is priced exorbitantly The Mumbai-based fitness chain Talwalkars Better Value Fitness Ltd (TBVF), which operates ‘Talwalkars’ gyms and health clubs, hits the market on 21 April...

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Debashis Basu Debashis Basu 08 April 2010
What should you expect from the second year of a new bull market? Based on past trends, the short answer is: expect a positive year but not a hugely positive one. Here is how to profit from it. Analysis by Debashis Basu In early March of last year, on 6 March 2009 to be precise, the...

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Tamil Nadu Newsprint is a market leader in computer stationery with a 30%-plus operating margin Here is another paper company, also from Tamil Nadu, worth looking at. Tamil Nadu Newsprint & Papers Limited (TNPL) was established by the state government during the early 1980s. Its product range...

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Booming exports and a retail push will prop up Surya Pharmaceutical The Indian pharmaceutical industry is expected to continue its growth trajectory on the back of better sales in domestic and export markets. Surya Pharmaceutical is poised to take advantage of this opportunity. Surya is a...

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Moneylife Digital Team 06 April 2010
Expect lacklustre trade for the rest of the week; the rally may be about to end in the short-term. But medium term outlook remains bright The BSE Sensex edged higher than the previous day’s close after trading in a narrow range. The index closed 5.69 points higher (0.03%) at 17,941 and...

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Sugar stocks have corrected sharply on fears of increased supply of the commodity. Time to buy? What goes up comes down. One of the hottest sectors of 2009 was sugar. Between December 2008 and November 2009, the ML Sugar Index rocketed by 187%, while the Sensex was up 75%. Now, sugar shares...

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Sterlite aims to capture 45% of the local market and 10% of the global market for optical fibre by FY11-12 Sterlite Technologies is on a strong upward momentum caused by expectations of a strong March quarter and corporate action of stock split and bonus. Sterlite makes optical fibres, fibre...

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Contract manufacturing and exports will turbo-charge NACL’s growth Post-Budget, one of the stocks that would do well is Nagarjuna Agrichem Ltd (NACL). The Budget has, once again, placed emphasis on agriculture which would benefit agrochemicals companies. Besides, after a bad monsoon last...

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Despite an incredible operating margin of 31% and RoE of 42%, Birla Corp is cheaper than its peers Birla Corporation makes  cement, jute goods, auto-trim parts (car interiors) and iron & steel castings. Cement, its main business, contributed 85% of the total revenue in the December 2009...

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Jyoti Structures will reap rich dividends from the booming power sector Jyoti Structures Limited (JSL) is among the top three players in the engineering, procurement and construction (EPC) space for the power sector in the country. These companies provide turnkey solutions that involve...

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Capital goods and infrastructure-related stocks made decent gains in a volatile market Gainers:  Shriram Transport Finance Company (up 4%) allotted 116.58 lakh equity shares to qualified institutional buyers (QIBs) for an aggregate sum of Rs583.86 crore, resulting in a dilution of around 5.2%...

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Bank stocks were lifted by the RBI’s decision to keep rates unchanged. Bank of Baroda (up 9%), Axis Bank Gainers: Bank stocks got a boost after the Reserve Bank of India (RBI) announced its quarterly monetary policy review. Bank of Baroda (up 9%), Axis Bank (up 5%), Canara Bank (up 3%) and...

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Bharati Shipyard surged 10% on robust Q3 numbers and a strong order book Gainers: Bharati Shipyard (up 10%) posted 48% growth in sales and 43% growth in operating profit in the December 2009 quarter compared with the corresponding year-ago period. The company has a strong order book position...

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