सेंसेक्स 323 अंक और टूटा

Nov 20, 05:10 pm वैश्विक वित्तीय संकट और मंदी की चिंता देश के शेयर बाजारों पर निरंतर भारी बनी हुई है। विश्व भर के शेयर बाजारों के लुढ़कने के समाचारों के बीच बंबई शेयर बाजार [बीएसई] का सेंसेक्स 322.77 अंक के नुकसान से 10 नवम्बर 2005 के बाद के न्यूनतम स्तर 8451.01 अंक पर बंद हुआ, जबकि नेशनल स्टाक एक्सचेंज [एनएसई] के निफ्टी ने 2553.15 अंक पर 82 अंकों का गोता लगाया।

ओर्चिड केमिकल

Reliance Money has recommended a buy rating on Orchid Chemicals and Pharmaceuticals with a target of Rs 176 in its November 14, 2008 research report. "Orchid Chemicals & Pharmaceuticals Ltd (Orchid) reported 19% growth in consolidated revenues on a higher base to Rs 3484.5 million during Q2FY09. As per revised estimates, we expect the Revenue and profit (excluding forex loss) would grow at a CAGR of 15% and 16%, respectively during FY08-10E. Thus, the revised EPS (excluding forex loss) stands at Rs 14 and Rs 22.9 for FY09E and FY10E, respectively." "But the positive part of Orchid is that FCCBs have sufficient time horizon for conversion and the company does not hedge its revenues, which could benefit the company from the weakening Rupee scenario in the near term. In line with our changed estimate based on consolidated numbers and in order to align our valuation with market valuation, we are revising our target price. In fact, to capture the market wide correction in valuations, we have reduced the earning multiple by 35% and revise target price to Rs 176 (i.e. 8x FY10E EPS),Buy," says Reliance Money's research report.

ट्रेड to ट्रेड

CAPITAL MARKET OPERATIONS CIRCULAR Circular No.: NSE/SURV/51/2008 Download No.: NSE/SURV/11615 November 10, 2008 Dear Members, In continuance of surveillance review and pursuant to the meeting at SEBI, with a view to ensure market safety and safeguard the interest of investors, the Exchange has decided to take the following action: In pursuance of Capital Market Segment Trading Regulations Part - A, 2.6, trading in the securities given at Annexure- 1 will be available in Trade for Trade segment (series: BE) at a price band of 5% with effect from November 17, 2008 (Monday). However, if the said securities are in No-Delivery period, then such securities will be transferred to trade for trade segment on the day after the securities are available In-Delivery. Members are requested to note that the said securities shall consequently not be available in rolling segment (series: EQ). Further, the list of securities (refer Annexure- 2) as mentioned in our circular download no. NSE/SURV/11551 dated October 27, 2008 will continue in trade for trade segment. Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed. Further, it may also be noted thatthe transfer of security for trading and settlement on a trade-to-trade basis is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company. Further, this measure will be periodically reviewed depending on the market conditions. For any clarifications, members are advised to contact Ms. Seema Nayak or Ms. Anita Fernandes on 26598166. For National Stock Exchange of India Ltd. Annexure – 1 Sr. No. Symbol Security Name 1 SICAL Sical Logistics Limited 2 TCIFINANCE TCI Finance Limited 3 VICEROY Viceroy Hotels Limited Annexure – 2 Sr. No. Symbol Security Name 1 AARTIIND Aarti Industries Ltd. 2 AARVEEDEN Aarvee Denims & Exports Limited 3 AICHAMP AI Champdany Industries Limited 4 ARROWGROUP Arrow Webtex Limited 5 AXIS-IT&T Axis-IT&T Limited 6 BANG Bang Overseas Limited 7 BBTC Bombay Burmah Trading Corp. Ltd 8 CHESLINTEX Cheslind Textiles Ltd 9 COREEMBLG Core Emballage Ltd. 10 CUBEXTUB Cubex Tubings Ltd. 11 DHAMPURSUG The Dhampur Sugar Mills Ltd 12 DHARSUGAR Dharani Sugars & Chemicals Ltd 13 DPSCLTD DPSC Limited 14 DTIL Dhunseri Tea & Industries Limited 15 DWARKESH Dwarikesh Sugar Industries Limited 16 EXCELCROP Excel Crop Care Limited 17 GLOBALVECT Global Vectra Helicorp Limited 18 GLORY Glory Polyfilms Limited 19 GOACARBON Goa Carbon Ltd 20 HERITGFOOD Heritage Foods (India) Ltd. 21 HIMATSEIDE Himatsingka Seide Ltd 22 HINDSYNTEX Hind Syntex Ltd. 23 HMT HMT Ltd. 24 IILTD Insecticides (India) Limited 25 ITI ITI Ltd. 26 JCTEL JCT Electronics Limited 27 KCPSUGIND KCP Sugar and Industries Corporation Ltd. 28 KESARENT Kesar Enterprises Ltd. 29 KINETICMOT Kinetic Motor Company Limited 30 KMSUGAR K.M.Sugar Mills Limited 31 KOPDRUGS KDL Biotech Limited 32 KRISHNAENG Krishna Engineering Works Ltd 33 LAOPALA La Opala RG Limited 34 LLOYDSTEEL Lloyds Steel Industries Ltd. 35 MALWACOTT Malwa Cotton Spg. Mills Ltd 36 MANGALAM Mangalam Drugs And Organics Limited 37 MCDHOLDING McDowell Holdings Limited 38 MELSTAR Melstar Information Technologies Ltd. 39 NISSAN Nissan Copper Limited 40 ORGINFO ORG Informatics Limited 41 PANORAMUNI Panoramic Universal Limited 42 PATSPINLTD Patspin India Ltd 43 PEARLGLOBL Pearl Global Ltd 44 PEPL Pearl Engineering Polymers Limited 45 PETRONENGG Petron Engineering Construction Ltd. 46 PNBGILTS PNB Gilts Limited 47 POLARIND Polar Industries Ltd 48 PONNIERODE Ponni Sugars (Erode) Limited 49 RAIREKMOH Raisaheb Reckhchand Mohota Spinning & Weaving Mills Ltd 50 RANASUG Rana Sugars Ltd 51 SABERORGAN Sabero Organics Gujarat Ltd 52 SAKHTISUG Sakthi Sugars Ltd. 53 SAMTEL Samtel Color Ltd. 54 SELAN Selan Exploration Technology Limited 55 SIMBHSUGAR Simbhaoli Sugars Limited 56 SOMATEX Soma Textiles & Industries Ltd. 57 SRGINFOTEC SRG Infotec (India) Ltd. 58 STINDIA STI India Ltd 59 TIMKEN Timken India Limited 60 UPERGANGES Upper Ganges Sugar & Industries Ltd 61 UTTAMSUGAR Uttam Sugar Mills Limited 62 VISAKAIND Visaka Industries Ltd.

Patels Airtemp

Recommendation: Buy Price target: Rs103 Current market price: Rs34 Price target revised to Rs103 Result highlights Patels Airtemp’s Q2FY2009 results are slightly below our expectations on account of a lower than expected growth in its top line. The company’s net sales rose by 26.5% to Rs22 crore in the quarter. The operating profit margin (OPM) remained firm at 18.2%, declining only slightly by 80 basis points year on year (yoy) and by 60 basis points on sequential comparison. Consequently, the operating profit grew by 21.4% to Rs4.0 crore during the quarter. Stable interest and depreciation costs led to a profit growth of 26.1% to Rs2.1 crore. Currently, the company has an order book of Rs52 crore, executable in the next six to nine months. The management also hopes to maintain its margins going forward. The order inflows so far have remained steady for the company. The company bagged a big order of Rs16.1 crore during the second quarter for Essar Oil’s refinery project in Gujarat. At the current market price the stock is available at 2.3x FY2009E earnings and 2x FY2010E earnings. We maintain our Buy recommendation on the stock with a revised price target of Rs103, valuing the company at 6x FY2010E earnings. sourse: sharekhan

IDFC eyes 35% in GE’s construction equipment

Infrastructure Development Finance Company (IDFC) is in talks with GE Commercial Finance, the financial arm of GE, to acquire about 35% stake in the latter’s construction equipment finance business in India. Sources close to the development said that GE is looking at hiving off its construction equipment finance business into a joint venture company. IDFC will hold about 35% stake in the JV company and GE Commercial Finance will hold the remaining 65%. At a later stage, a third investor may also be inducted, sources said. Although the exact quantum of investment could not be verified, industry sources said the valuation of the JV company would be around Rs 650-800 crore.