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IPO Update: Spice Communications Ltd.
2007-06-23 15:31:00
Spice Telecom- Nothing Spicy about it !Spice Comunications has entered the capital markets with an offer of equity shares worth Rs. 523 Crores at a price band of Rs. 41-46. Investment Guru is of the view that from fundamental perspective Spice telecom issue can be safely avoided. However, with the M&A activities getting hotter in the telecom sector, Spice Communication can be a takeover candidate as company's financial position would be a roadblock in its growth plans and it cannot take advantage of the booming telecom sector on it own. Investors can consider this issue for moderate listing gains in view of company's takeover story.About Spice TelecomSpice Operates in the state of Punjab and KarnatakaIt is the second largest cellular services provider in Punjab and sixth largest cellular services provider in Karnataka with a market share of 11.95%The company has tie-ups with over 448 international operators across 208 countries The company is promoted by Dilip Modi (post issue sta...
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Basic guidelines for filing New Income Tax Return
2007-06-18 15:22:00
ITR-1 to make life easy, ITR-2 may provide few challenges for Tax Payers Gone are the days of saral form (People still doubt if they were really saral, but I bet you may have to think again after going through the new forms except ITR-1 !). The Income tax department has come with a new set of forms for assesse's to file their income Tax returns. The new forms are applicable w.e.f. 14th May,2007. The new ITR's are aimed at helping the income tax department monitor the quality of tax payers more closely and accordingly decide on measures to curb instances of Tax avoidances and bring tax rationality.There are 8 different types of forms for different types of Tax payers. However, for readers I would focus on ITR-1 and ITR-2 unless I receive any specific request or query on the other forms. I believe ITR1 and ITR-2 would cover majority of the readers on the blog.Here are the guidelines that tax payers have to keep in mind while deciding which ITR form to use and requirements for filing...
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IPO Update : Vishal retail
2007-06-12 17:45:00
Exciting Business Model admist intense competition Vish al Retail has come with the offer of equity shares worth Rs. 110 crore at a price band of Rs. 230-270. Investment guru is of the view that Investors can consider to subcribe the issue for listing gains. The offer is valued reasonable as compared to the peers and hence provides adequate room for listing gains.Highlights of the IssueCurrent Set-upThe company currently operates a chain of 50 retail stores. These 50 stores are spread over about 1,282,000 square feet and are located in 18 states across India. The company follows the concept of Value Retail, i.e., providing goods at competitive prices by either manufacturing itslef or procuring directly from manufacturers. A major pie of the company sales comes from apparels.Serving the Bottom of the PyramidAn interesting thing about Vishal retails strategy is that the targets the middle and lower income class families. The middle class families are the growth drivers of the consumpti...
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Stock Review : Skumars Nationwide
2007-06-03 13:38:00
Skumars : Demerger to Unlock ValueBased on popular demand from the readers of the blog, I am putting up a review of Skumars Nationwide. This stock has been featured couple of times on this blog and of late, I have received enquiries from the readers on the non-performance of the company in terms of stock price movement.Let's find out answers to some of the questions.Basic InformationCompany : Skumars NationwideSector : TextileCMP : RS. 81.1052 week High /Low : 87.40 / 35How are the latest results of the company ?The company has recently annouced the fourth quarter and annual results for the year ended 31st March,2007. Here are the findings :Quarterly ResultsNet sales of the company increased 49.93% to Rs 3,716.6 million for the quarter ended March 2007 from Rs 2,478.9 million for the corresponding quarter last year.Net profit declined 38.40% for the quarter ended Mar. 31, 2007. Net profit stood at Rs 218.3 million for the quarter ended Mar. 31, 2007 as compared with Rs 354.4 millio...
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Opening Bell : Good opening, Volatility to continue
2007-05-31 05:30:00
Derivatives Expiry, Liquidity to drive the markets Sensex ended up down nearly 100 points yesterday. The sensex closed at 14411 and is still 300 odd points away from its all time high. On Thursday the markets are expected to open strong. However, the volatility may be high resulting in major ups and downs due to the future and options expiry. Asian markets are showing a mixed trends. Chinese markets are still struggling with yesterday's downturn that refreshed memories of the May 17th episode of the Indian markets. Stocks to WatchMcDowell Holding This stock listed yesterday at 20% premium to its list price and there was very minimal trading. There was a beeline for buyers on this counter. Investment Guru expects this trend to continue for few more sessions since the stock is currently qouting at attractive valuationsMIC Electronics This stock saw phenomenal listing listing yestrday. The stock ended at 340 yesterday against the offer price of Rs. 150. Investment Guru is of view that...
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Stocks in News : DLF, Bharat Hotels, MIC
2007-05-27 12:41:00
Here are some recent developments that have been reported in newspapers and would influence the price movement of the concerned stocksDubai Ventures buys stake in Suri-owned Bharat Hotels ET reports that Dubai Ventures has signed an agreement for an equity investment of $40 million, approximately five percent, stake in Bharat Hotels Ltd., one of India's largest hotel companies. Bharat Hotels currently operates InterContinental The Grand hotels in New Delhi, Mumbai, Goa and Srinagar as well as The Grand Ashok Bangalore, The Grand Laxmi Vilas Palace Udaipur and The Grand Temple View Khajuraho.MIC Electronics to list on 30th May on NSE & BSEThe company had priced its IPO at Rs 150 per share. The IPO had received overwhelming response and was subscribed over 50 times. Investment Guru expects the stock to list in the range of 190-210.DLF IPO opens on June 11, Sets price band at Rs. 500-550The much awaited and discussed IPO is all set to open on June 11. Investment Guru Blog would bri...
More About: News , Stocks , Hara

IPO Update : Decolight Ceramics
2007-05-27 09:26:00
Costruction sector to dictate trend for Ceramic IndustryDecolight Ceramics is enterung the capital markets with a public issue of 80.45 lac shares of Rs. 10 each at a price band of Rs. 45-54 per share. Investment Guru is of the view that this is an addition to a list of issues which are aggresively priced on the basis of their financial performance and overall standing in the industry segment in which these companies operate and also on the benchmark of the current market price of the listed competitors. The recently concluded IPO's have shown good response despite being aggresively priced and no wonder if Decolight also gets into this league. However Investment Guru is of the view that investors should ideally not expect too much out of these IPO's. Listing gains may come as a result of huge demand for IPO's and consequent high subscriptions, however, these factors may change with market sentiments and one needs to take a cautious approach.Here are few highlights of the company ...
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IPO Update : Time Technoplast
2007-05-18 17:59:00
Diversified Business, Aggressive Expansion Plans Time Technoplast has entered the capital markets with an IPO of 39.21 lac shares at a price band of Rs. 290 -315 per share. Investment Guru is of the view that the company offers a business with adequate diversification and is a good play on the packaging sector. However the pricing of the IPO has also been aggressive as compared to the listed peers and hence investors should not expect hefty listing gains on this IPO. The overall rating for this IPO is AVERAGE.Let’s take a look at the companyTime Technoplast Ltd. (TTL) (formerly Time Packaging Ltd.) offers a range of technology based polymer products catering to the growing sectors of the Indian economy with Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products. Company’s manufacturing facilities are spread over 6 strategic locations and equipped with 11 regional / area marketing of...
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IPO Update : Glory Polyfilms
2007-05-13 11:28:00
Glory Demystified, Expensive Issue Glory Polyfilms is entering the capital markets with a public issue of 82.2 lac shares at a fixed price of Rs. 48 ( face value of Rs. 10 each). Investment Guru is of the view that the IPO offers very limited bandwidth to the investors as it is priced aggresively given the size and brand of the company and the valuation of its peers. High risk profile investor only should consider this issue.Highlights of the Company's IPOGlory Polyfilms Limited (GPL) is a medium sized manufacturing company established in 1998 by promoters Mr. Yogesh P Kela and Mr.Umesh P Kela. It is a profit making company. The manufacturing facility of the Company is situated at Daman - Union Territory of India.The Company is engaged in the manufacture of Co extruded multi layer barrier film and printed/ unprinted flexible laminates. Its products have diverse applications as a packaging material for food,liquids like milk, edible oil and nonfood items.The Company supplies its pro...
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