12-June-08
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Thursday, June 12, 2008
12-Jun-08 Report
One can see growth of 25% in capital goods, banking and realty sectors, says Nilesh Shah of Envision Capital, on NDTV Profit. He is bullish on engineering and renewable energy sources. Valuations for broadcasting space also look attractive, he says. He is also positive on integrated private sector banks
The market is worried that policy actions could dampen growth momentum, says CLSA, reports CNBC-TV18. The brokerage sees potential for Sensex to touch August 2007 lows. It has added Sun Pharma and TCS to its model portfolio and removed and removed Tata Motors. It has increased weight on Reliance Industries in model portfolio to 19% from 15%. It has also increased weight on Infosys to 10% from 7%.
Reliance Industries
Reliance Industries will commission its new refinery at Jamnagar this year. The new refinery will process 580,000 barrels of crude every day. With the new facility, the total refining capacity at its Jamnagar complex will go up from 0.66 million barrels to 1.24 million barrels. Jamnagar will acount for 2 per cent of global petroleum refining capacity. Reliance would also be commissioning 900,000 tonne polypropylene capacity this year.
LOTUS EYE CARE HOSPITAL LIMITED
New IPO
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES
News - SBI may hike its short-term lending rates soon.The development comes following Reserve Bank India hiking its short term repo rate by 0.25% to 8%. The reverse repo rate, at which RBI borrows money from banks in exchange of the government papers.Following the repo rate hike, HDFC Bank, Bank of India, Indian Bank and Union Bank of India also indicated that they might pass on the additional burden to customers.
IIP Numbers
Chief Economist, Kotak Institutional Equities, said the IIP numbers for the month of April, which were above expectations, testified to the underlying strength of the economy. The industrial output is up 13.6% vs 9.9% on a YoY basisl. Meanwhile, the manufacturing output for April is at 15.1% vs 11% on a YoY basis
Oil and Natural Gas Corporation (ONGC), Reliance Industries and Essar Oil are reportedly eyeing exploration opportunities in the oil-rich sand belts of Alberta, Canada.
Fortis Finance
Fortis Finance is company owned by malvinder singh ..he has a very big plan in microfinance ...and he may use this companyfor this purpose ...@77 this company is very cheap and may touch 250+
Ranbaxy
Ranbaxy looks positive or negative? Stake sale at a premium looks positive side but exit by the promoter is a very very negative aspect. Shows what the company is all about, and even the promoter doesn't like it!
Nifty
REMEMBER.......WE CAN OPEN GAP DOWN AT 4450-4370 LEVELS AND PULL BACK FOR THE DAY.........BUT, IF WE BREAK 4340, THEN BE READY FOR 4230 IMMEDIATELY.......HOPE WE PULL BACK FROM 4360-4370 LEVELS....... IIP DATA/INFLATION DATA.......AND JULY FIRST WEEK, INTEREST RATE HIKES POSSIBLE
12-Jun News
12-Jun-08
Headlines for the day
Corporate News Headline
Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET)
BHEL
placed the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS)
Economic and Political Headline
The
RBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
The
Centre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
Headlines for the day
Corporate News Headline Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET) BHELplaced the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS) Economic and Political Headline TheRBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
TheCentre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)
DISCLAIMER
DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.
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