Sunday, 18 December 2016

Catholic Syrian Bank sends list of CEO-MD probables to RBI

CSB has been struggling with bad loans and operational losses for many years.
Private sector lender Catholic Syrian Bank (CSB) is set to get a new managing director and chief executive soon. The names of three former officials from public sector banks have been sent to the Reserve Bank of India for its approval, said CSB chairman S. Santanakrishnan.
The names before RBI are C.V.R. Rajendran, chief executive of the Association of Mutual Funds of India and former chairman and managing director of Andhra Bank; M.S. Raghavan, former chairman and managing director of IDBI bank; and Jeevan Das Narain, former managing director of the State Bank of Travancore. CSB is also looking for a candidate to replace Santanakrishnan after he retires early next year, said a person in the know.
CSB has been struggling with bad loans and operational losses for many years. The bank had planned to raise Rs400 crore through an initial public offering last year, but dropped the plan due to weak financial performance. According to an Economic Times report, Canada-based Fairfax Financial Holdings Ltd is looking to acquire more than 10% stake in CSB. Fairfax with investments in IIFL, ICICI Lombard, and Bangalore International Airport Ltd (BIAL) has committed close to $1 billion in India so far. 
CSB reported net profit of Rs5.3 crore for the six months ended September 2016 as against a loss of Rs40.5 crore a year ago. CSB’s gross non-performing assets dropped to Rs462.7 crore for the period, from Rs503.6 crore in the year- ago period. In percentage terms, NPAs dropped to 5.7% from 5.76% of total assets. The bank’s capital adequacy stands at 10.69% as of September compared to 10.21% during the same period last year.

Tuesday, 13 December 2016

Share Prices

COMPANY NAME :
                OUR RECOMMENDATION
OUR  BUY PRICE
OUR  SELL PRICE
ALFA LAVAL  BUY BACK COMPLETE
  
215
265
AMUL    DAIRY
AGRITECH INDIA ( NATH AGRI) NOW LISTED
185
275
ANANDAM RUBBER  NOW LISTED ON NSE
65
105
ABCL--AMITABH BACCHAN CORP
15
28
A K SPINTEX
ATLAS COPCO EX DIV 100/SH 26/3/16
1250
1700
60
90
8
15
70
105
75
140
A V Thomas & Co  ex DIV 750% 10-2-16
7000
8500
70
105
AVENUE SUPER MARKETS  -- D MART OWNER
50
Anup Engg FV 100  BUY BACK AT 1700
1400
2000
Abacus Computer
3
ACE DERIVATIVES AND COMMD. EXCHN
1
Ahmedabad S E
23
38
ALTIUS INVESTECH P LTD      FV RS.100 PHY
INDIA'S BERKSHIRE HATHAWAY IN THE MAKING
1000
1500
BAGGRYS INDIA LTD
105
205
50
85
BEETEL Teletech Ex Payout  BUY BACK @350
200
355
BINANI METALS
4500
7500
40
60
Bharati Telecom ex RIGHTS 4/1/16 115:1 AT PAR
56
67
Bausch & Lomb (Rayban Optics)  NOW NOT TRADEABLE
Bennet & Colman Ex Bonus 8:1
2000
60
90
10500
12000
Bosch Chasis FV CONVERTING TO RS.1 LAC, now NOT TRADEABLE
BOMBAY SWADESHI STORE - co of radha kishan damani --indias ace investor  -- likely to merge in D MART
125
175
Bse BOMBAY ST EX.  NEW FV RS.2       
750825
Baroda Power PHY OTCEI
9
15
BANDHAN BANK 
19
BHARAT NRE COKE prev guj nre minerals
6
18
800
1150
Camac Commercial NOW IN DEMAT
20500
30000
105
145
Cadbury BUY BACK AT 2014 IN SEP 14
70
95
CALYX  chem & pharma
50
75
60
Chemundrum Ispat
CHENNAI SUPER KINGS -- IPL CRICKET TEAM
COASTAL ROADWAYS   EX BONUS 1:1
55
95
Cochin Int. Airport PHY ex right 1:4 @ 50/sh
155
205
Cross Country Hotel
10
CREDO MINERALS LTD JV OF GMDC
50
2000
2900
D MART-- RETAIL CHAIN OF RADHA KISHAN DAMANI -- LIKELY MERGER IN BOMBAY SWADESHI STORES
175 BSS
DAFFODIL SOFTWARE STAKE SALE 6%
DARJEELING PLANTATIONS -- DPIL
15
DALMIA REFRACTORY
45
75
DSP MERRYL LYNCH NOW BOAML BUY BACK 3300
3000
4500
DECCAN HEALTH
195
8
15
DELHI FLOUR MILLS
350
DOLLAR INDUSTRIES     EX BONUS 2:5 RD AUG 16
1100
1450
390
475
Eastern Investment-- HOLDING CO OF OMDC
800
1200
ESSAR CAPITAL PREV INDIA SEC buy back 62
230
450
20
26
5500
10500
EMC
25
Elbee
12
FINO PAY TECH - RBI APPROVED PAYMENT BANK ONLY NSDL
100
125
Farm Enterprise ONLY NSDL    MERGER IN RELIANCE RATIO 1:1 RD 15-4-16
FRESENIUS KABI ONCOLOGY PREV DABUR PHARMA----MAKES ANTI CANCER DRUGS DELISTED AT 135 JAN 2015
50
105
1650
2050
FLIP KART   US DOLLAR  150/SH APPROX
9000
195
255
Guj Nre Minerals  MERGED INTO BHARAT NRE COKE 7:1
Gannon & Dunkerlay
GOKALDAS INTIMATEWEAR
25
HALDIA PETRO
10
30
Hindustan Times  ONLY NSDL
400
700
140
HDFC SECURITIES
Hdfc Life Insurance ISIN SUSPENDED over priced ---- avoid MERGER WITH MAX LIFE
205
245
500
700
HERO FINCORP  NOW IN DEMAT Previously Sagar Ratna
600
690
HEALTHCARE GLOBAL (HCG ENTERP) IPO ON
HONEYWELL ELECTRIC PHY
1800
3500
Hyderabad Stock Exchange CDSL
2.5 LAC
4.5  LAC
HEMADRI CEMENTS PHY
40
55
HINDUSTAN ENGG
100
175
450
650
ICICI LOMBARD only nsdl stake sale to fairfax rs.390/sh on 5nov15
BUY
295
335
ICICI Prudential Life Ins    NOW LISTED -   
LOCKIN SH WE BUY
275
 
Indian Tourism Dev.Corp (ITDC) now trading on bse
INNOVATIVE B2B LOGISTICS
175
650
 
INDOFIL INDUSTRIES     EX RIGHTS 1:9 @ 264
625
750
India Carbon
20
intellisys technologies p.ltd pat 60cr 
8
15
Kotak Mahindra Fin (Phy)
KIMS (KERALA INSTITUTE OF MED SCI
30
KINGFISHER AIRLINES KFA
2.5
3.5
1
4
Kudremukh IRON--KIOCL
60
80
KURLON-- INDIAS LEADING MATTRESS MAKER
BUY
165
200
WE BUY LOCKIN SH AT 15% DISCOUNT TO CMP
MADRAS SAFE DEPOSIT
MKCL(Maharshtra Knowledg Co Lt) PHY
75
145
Malanpur Steel
4
2
6
Mid East Integrated DIV 7.5% RD 15/9/14 , 2015 SKIP
25
35
25
55
38
52
65
95
Mstc (Physical Share)  DIV 102.5% FY 2015-16 AGM is on 30th Sept 2016
NOW EX BONUS 1:1 RD 30/6/16
350
450
MY MOBILE PAYMENTS 1% STAKE SALE
200
1050
1850
MICROMAX
105
NAAPTOL.COM  FV 100
1200
2000
5
15
NBI IND FINANCE HOLDING CO OF SHREE CEMENTS , BANGUR GROUP
1950
2950
NCL SECCOLOR
185
NIRMA  DELISTED & BUYBACK 260.00
160
Nse national stock exchange-- ONLY INSTITUTIONAL LOTS
4000
 
Nath (Pack of 3 Cos)  NOW LISTED
Nath Seeds (Now Listed On Bse)
Nath Bio NOW LISTED
NON SUCH TEA
95
nuziveedu seeds
75
origin agrostar  prev dsq biotech
1
5
Otis Elevator DIV 400% Interim, 950% Final FOR 15-16
1250
1750
ONE NETWORK ENTERTAINMENT -- A MEDIA CONTENT CO STAKE SALE 5%
1.1CR
ONE 97 COMMUNICATION (PAYTM)  Shares in Demat
5000
 
450
650
5000
 
PETER ENGLAND
PERFECT CIRLE
6
14
PHILIPS INDIA --DEMERGER RD 8-4-16
COMBO    BUY SELL
  
PHILIPS LIGHTING DEMERGED RATIO 1:1
                    650    750
  
Pilani Investment --HOLDING CO OF BIRLA GROUP
900
1350
PLENTY VALLEY -- MERGE WITH DHUNSERI INV RATIO 8:1
175
Pnb Finance-- HOLDS SH IN BENETTEE COLMAN
7500
8500
PROXEUROS GLOBAL
QUIKR.COM  FV 100
3300
QUESS CORP  --- A THOMAS COOK GROUP CO--- NOW LISTED
RBL BANK  PREV Ratnakar Bank WE BUY LOCKIN SH AT 15% DISCOUNT TO CMP
215
270
RAINBOW INV FV 10 PHY
32500
RANI SATI INV
20
RESIN & PLASTICS EX DIV 3/SH
165
200
Ram Narayan Mills -- PHY
RELIANCE MEDIA DELISTED AT 63
30
50
RELIANCE BROADCAST DELISTED AT 63
30
50
RICOH INDIA
90
75
125
3
7
SCOTTISH ASSAM
115
275
 (Shreno Ltd) PREVIOUSLY ALEMBIC GLASS EX BONUS 2:1 NOV'2012 EX RIGHTS 1:1 OCPS ON 5/11/14 FOR 400/OCPS
1000
1300
SHARE KHAN
350
4500
7500
Sistema Shyam TELECOM--MERGER WITH RCOM IN RATION OF 10:1
4
8
Smc Global NEW FACE VALUE RS.2
55
75
175
250
Sri Natraj Ceramics  NAME CHANGE TO DALMIA REFRACTORY
40
80
715
825
SOUTHERN GAS
110
SWARAJ AUTOMOBILES-- STAKE SALE BY MAHINDRAS AT 145
115
175
SNAP DEAL
SRI CHAKRA TYRES
2
50
100
TALBROS ENGG EX RIGHTS 8:10 @ 34 PREMIUM NOW LISTED AT BSE
225
340
255
325
Tata Sons
65000
Tata Technology  DIV FOR FY 2015-16 350%
1700
2200
TATA ADVANCE SYSTEMS
75
TATA ADVANCED MATERIALS  --- COMPULSARY BUY BACK AT 20
Taparia Tools
60
TETROMATIC COZY PRODUCTS
15
Ttk Lig
4000
6000
TOPS SECURITIES
UP STOCK EXCHANGE FV 1000 PHY
45000
UNIJULES LIFE SCIENCES
175
375
455
Utv Soft
550
950
VICTOR GASKETS
20
VADILAL DAIRY --DELISTED @4 FROM BSE
5
WELSPUN
800
1000
WIPRO ENTERPRISES
175
YASHOMATI HOSPITAL
35
YOKOGAWA  EX DIV 28/SH
430
575

Tuesday, 22 November 2016

BSE shares find favour among richer investors

Even before it goes public, the of BSE, the oldest bourse in Asia, are changing hands in off-market deals among rich or high net worth individuals (HNIs).

“There’s a good deal of demand for the among HNIs, with investors anticipating ‘value unlocking’ for the untendered, unlisted in the run-up to the (initial public offer),” said a person, who did not want to be identified.


Trades not settled through the clearing corporation or clearing house of an exchange are classified as off-market trades. The route is frequently used by investors who wish to offload their holdings in unlisted stocks and the payment is settled privately between the parties.

According to another person, the off-market transactions are being done close to Rs 385, the price currently quoting in the grey market. “The demand raises the chances of oversubscription for the IPO,” he said.  

During the offer for sale in August, investors had tendered close to 29.95 million or 27.43 per cent stake in the exchange. This means close to 75 million are currently untendered and held by investors.

declined comment for this report. Its have gained about 35 per cent in the grey market after the exchange told the Securities and Exchange Board of India (Sebi) in a letter dated January 22 that it was fully compliant with regulations and ready to list for an IPO. The current price is slightly higher than the Rs 375-380 a share that billionaire investor George Soros had paid in August 2011 for a four per cent stake in BSE, through his Quantum hedge fund.

Brokers, however, believe the grey market might not be the right gauge to value the shares, as it is an illiquid one, with not many participants. They expect to be priced between Rs 500 and Rs 650 each for the IPO, higher than the Rs 450-odd estimated by investment bankers.

A price of Rs 450 would value the exchange at Rs 4,900 crore, while one of Rs 650 would imply close to Rs 7,000 crore.

Brokers say the exchange deserves a rich valuation, with the 140-year pedigree and presence across segments, including currency, insurance and mutual funds.

The investment bankers appointed by are yet to meet investors and the price remains in the realm of speculation. Bankers will decide on a price band after they embark on road shows, once the draft prospectus is approved by Sebi.

BSE’s consolidated net profit for 2015-16 declined 38 per cent to Rs 96.7 crore, from Rs 155.5 crore the previous year. The exchange has seen a dip in cash market volumes, its mainstay, and has a market share less than 20 per cent of rival National Stock Exchange of India. Volumes in the derivatives segment have dived to almost nil, after the exchange trimmed its incentive structure for market makers last year.

Sandip Ginodia , Director 
ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience .
For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .
BSE shares find favour among richer investors


Otis gives employees time to study

Otis Elevator Company, an unit of United Technologies has made a name for itself as the world’s leading manufacturer of elevators, escalators and moving walkways, but what a lot of people are not aware of are their unique HR policies when it comes to their Indian employees. 

One of them is their flagship Employee Scholar Program. This company-sponsored employee education program empowers employees to expand their knowledge in their current field, or learn new skills for a different career path. They are encouraed to obtain a degree in any field, whether or not it is related to their work duties. 

"The idea is to promote the advancement and development of our employees through education — not just to help them in their current jobs but also to give them a chance to prepare for the jobs of tomorrow," stated Sebi Jospeh, President, Otis India 

Under the program, every employee at Otis is eligible to take upto three hours of paid time to study every week. Moreover, the program also pays for their tuition, textbooks and any other academic fees. Employees have no restriction when it comes to the range of subjects or courses they want to pursue. 

Started in 1996, the Employe Scholar Program has enabled employees across 60 countries earn more than 38,000 degrees. In India itself, over 414 employees from Otis India have used this program to complete their degrees. 

One among them is Sanu Kapoor, who is pursuing a Management course with dual specialization in Marketing and Finance through the program. “I am thankful to UTC and Otis India for providing me this opportunity to pursue my Management Studies under the UTC Employee Scholar Program. The program has helped me in broadening strategic thinking and enhancing my entrepreneurial skills and competencies. The experience and knowledge gained from the program will put me in a good position for any future endeavours. 

In my opinion, the UTC Employee Scholar Program is not simply a program but an avenue that helps their employees to fulfil their goals. ”

Catholic Syrian Bank logs ₹53-cr profit in H1

Gross non-performing assets have come down to ₹463 crore from ₹504 crore and net NPAs to ₹331 crore from ₹405 crore due to the accelerated provisions made by the bank
Thrissur-based Catholic Syrian Bank has recorded a net profit of ₹53 crore in the first half of 2016-17 against a loss of ₹41 crore in the corresponding period of the previous year.
The operating profit for the first half was ₹95 crore.
According to a bank statement issued here, surge in treasury profits on the back of favourable interest rate movements, effective management of stressed assets, improvement in current account, savings account (CASA) deposits, asset growth and strict control over operating expenses contributed to the profit growth.
Gross non-performing assets (NPAs) have come down to ₹463 crore from ₹504 crore and net NPAs to ₹331 crore from ₹405 crore due to the accelerated provisions made by the bank.
Provision coverage 

The provision-coverage ratio has improved from 41 per cent as on September 30, 2015, to 52 per cent as on September 30 this year.
The CASA ratio has improved to 21.03 per cent from 18.64 per cent a year ago.
The capital adequacy ratio has further improved to 10.69 per cent as on September 30 from 10.55 per cent as on March 31 against the RBI stipulation of 9.63 per cent.
Preferential issue

The bank, at its annual general meeting held in September, obtained necessary shareholder approval for preferential issue of capital and has since raised ₹115 crore.
Talks are on with various strategic investors for raising further capital, the statement said.

Otis to Supply elevators to tallest Residential Project

Otis has been selected to provide high-speed elevators to the prestigious Altairproject in Colombo, Sri Lanka, which when complete will be the tallest residential building in Sri Lanka and will have the country's fastest elevators.Otis, the world's largest manufacturer and maintainer of people-moving products, is a unit of United Technologies Corp. (NYSE: UTX). Elevators Private Limited, a JV entity between Otis and Aitken Spence, will install the elevators.
"Otis is a natural choice for a demanding construction like the 68-floor Altair project, especially because of the reliability and performance that Otis elevators promise. It's been a great opportunity for us to partner an international franchise and to showcase the capabilities of the Otis range in a local setting and we are looking ahead for the completion of the project," commented Surendar Mariappan, Joint Managing Director, Aitken Spence Elevators.
Altair will reach 240 metres – 68 floors – consisting of two towers with one tower leaning against the other. Indocean Developers (P) Limited, a venture of South City projects (Kolkata) Limited, chose Otis to supply a total of 19 elevators, including Sri Lanka's fastest elevators with a travel speed of 5 metres per second. 7 out of the 19 units will be supplied from Otis India's Bengaluru factory.
"Altair is a unique project with requirements that stretch beyond the ordinary – it is exclusive. Otis' technical know-how and credentials gave us the confidence that Otis would be the right fit," said Pradeep Sureka, Managing Director, Sureka Group. "Otis' worldwide experience in delivering vertical transport solutions in tall buildings, coupled with their strong local presence, made them the right choice to provide us with elevators for Altair," said. M. Sathian, Director (Projects), Indocean Developers (P) Limited.
"We are privileged to work on one of Indocean Developers' most renowned projects and an architectural marvel – Altair," said Sebi Joseph, president, Otis India region. "Otis' proven high-rise elevator technologies and capability to execute complex projects with unusual structural elements were important factors in our selection."