tag:blogger.com,1999:blog-7587974841136690942024-03-05T16:45:01.786-08:00Control Investments, Invest smartly!Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.comBlogger75125tag:blogger.com,1999:blog-758797484113669094.post-57618866630726158522015-11-01T21:01:00.002-08:002015-11-01T21:01:12.949-08:00CCD dismall Listing<div dir="ltr" style="text-align: left;" trbidi="on">
CCD with IPO price of 328, has listed at 307 and trading at below Rs 300<br />
<br />Investors are waiting for it to become cool.<br />
<br />
Wait and watch Stock!</div>
Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com1tag:blogger.com,1999:blog-758797484113669094.post-21782062366407138202014-10-23T07:46:00.001-07:002014-10-23T07:46:54.540-07:00Happy Samavat 2071 <div dir="ltr" style="text-align: left;" trbidi="on">
<br /></div>
Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com1tag:blogger.com,1999:blog-758797484113669094.post-84016886137780072742014-03-02T03:30:00.003-08:002014-03-02T03:30:44.285-08:00Equity Markets<div dir="ltr" style="text-align: left;" trbidi="on">
Domestic investors are waiting for election results to start investing in equity market</div>
Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com1tag:blogger.com,1999:blog-758797484113669094.post-13383979236274285432010-01-01T08:27:00.000-08:002010-01-01T08:34:58.451-08:00UnitechUnitech is one of top traded company in terms of volume. I have been tracking this since 2 months. I had bought this 3 months back at 27 and it has been rising since then. <br />Unitech has lots of land balance also it has started telecom bussiness.<br />Current Value is 82.5<br />Target: Short Term : 100Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-41860624710502155052010-01-01T07:09:00.000-08:002010-01-01T07:12:23.171-08:00HDIL NCDThe much talked about NCD HDIL, is for HNIs. It is not for common investors like us. The debentures are of 10 lakhs. This NCD is different from TATA motor and L & T finance NCDs that were out recently.<br /><br />Housing Development & Infrastructure Ltd (HDIL) has announced that the first Tranche has been closed on December 28, 2009. Company has received application & Subscription for 4000 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 400 Crores in first Tranche out of the 11,500 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each for cash aggregating to Rs. 1,150 crores.<br /><br />The said Secured Redeemable & Non-Convertible Debentures will be issued in one or more Tranche and shall be listed on the Stock Exchange.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com10tag:blogger.com,1999:blog-758797484113669094.post-54417368141495474832009-12-06T10:08:00.000-08:002009-12-06T10:32:06.143-08:00DUB GAI<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig8YuQv5Ubo9_5K_9AAzZN3P5VCoJ0uwBwE1txgVkNMLWhbs5eD00F4InZWmEKx5npaMwMuE2LYjP9P3UAwhpg-HaXASs2ma8V8LOXVB1tN4t4pB3eT2O-QgMJ-Cl82Jho5_W2vK4y9HrW/s1600-h/images.jpg"><img style="MARGIN: 0px 10px 10px 0px; WIDTH: 115px; FLOAT: left; HEIGHT: 150px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5412192735946622914" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEig8YuQv5Ubo9_5K_9AAzZN3P5VCoJ0uwBwE1txgVkNMLWhbs5eD00F4InZWmEKx5npaMwMuE2LYjP9P3UAwhpg-HaXASs2ma8V8LOXVB1tN4t4pB3eT2O-QgMJ-Cl82Jho5_W2vK4y9HrW/s320/images.jpg" /></a><br /><div>The Dubai government rocked global financial markets by announcing a week ago that state-controlled Dubai World was seeking a six-month standstill on credit payments.<br /><br />Investors subsequently were alarmed when the head of the Dubai finance department said the government never intended to guarantee Dubai World's $59 billion in debt, the lion's share of the city state's borrowings estimated at up to $100 billion.<br /><br />Dubai is still seen as the premier place to do business in the Middle East and beyond. It is a preferred base for not just Arab but Pakistani, Iranian and even Indian businesses, due to the wider region's political uncertainty</div>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-80752691249863710142009-12-01T02:33:00.000-08:002009-12-01T02:36:32.396-08:00New Financial TermsBehaviour finance<br /><br />Sunk Cost Fallacy<br /><br />recency Effect<br /><br />Herd investing<br /><br />Greed and fear factorMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-32370005513105730372009-10-17T06:11:00.000-07:002009-10-17T06:43:46.890-07:00Stoke Focus: GVK PowerRecomment to keep buying in dips.<br />Report:<br />Financials GVK Power & Infrastructure registered a steep drop of 86.69% in net profits of Rs 7.59 million for the quarter ended in March, 2007 from a profit of Rs 57.04 million for the quarter ended in March, 2006. Net Sales for the quarter rose 10.52% to Rs 25.53 million for the quarter ended March, 2007 from Rs 23.10 million for the quarter ended March, 2006. Total income dipped 71.28% to Rs 27.03 million, from Rs 94.12 million for the quarter ended March, 2006. The earnings per share (EPS) of the company stood at Rs 0.32 in the quarter ended March, 2007.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-13698247568206327542009-10-17T06:06:00.000-07:002009-10-17T06:08:49.468-07:00Samvat year 2066Happy new year,Samvat year 2066.<br />Market has rallied 90% from last diwali. J.P assocaite had gained 234% in 1 year. The hottest stock in the muharat trading is TCS, which has a great result(q2).<br />Bharti has been the worst prformer last year.<br />I am currently booking profits.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com1tag:blogger.com,1999:blog-758797484113669094.post-75895803573051595262009-10-07T11:06:00.000-07:002009-10-07T11:07:42.404-07:00JP Associate NCDJP Associate NCD offering upto 14% interestMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-14957039026613681832009-09-20T10:27:00.000-07:002009-09-20T10:32:07.037-07:00Open Offers NoteThe different types of open offer<br />mandatory offer<br />conditional offer<br />differential offer<br /><br />share acceptance ratioacquirer has to make offer of 20 pc of diluted co.<br />third party offer<br /><br />1.price<br />2.management changes.. new offer<br />3. Three types of open offer<br />mandatory offer<br />conditional offer<br />differential offer<br /><br />4.approvals reqd<br />anti-trust policies.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-29169771898225966412009-09-14T02:52:00.000-07:002009-09-14T02:55:09.358-07:00FORTUNE Top 50 women employees1 Cynthia Carroll <em>Anglo American ,Britain</em><br />2 Gail Kelly Westpac, <em>Australia </em><br />3 Marjorie Scardino <em>Pearson, Britain<br /></em>4 Anne Lauvergeon Areva France<br />5 Barbara Dalibard Orange Business Services France<br />6 Barbara Kux Siemens Germany<br />7 Annika Falkengren SEB Sweden<br />8 Guler Sabanci Sabanci Holding Turkey<br />9 Maria Ramos Absa South Africa<br />10 Marina Berlusconi Fininvest Italy<br />11 Ana Patricia Botin Banesto Spain<br />12 Maureen Kempston Darkes GM U.S.<br />13 Nancy McKinstry Wolters Kluwer Netherlands<br />14 Chua Sock Koong Singapore Telecommunications Singapore<br />15 Chanda Kochhar Icici Bank India<br />16 Patricia Barbizet Artémis Holding France<br />17 Yang Mianmian Haier Group China<br />18 Dominique Senequier Axa Private Equity France<br />19 Deb Henretta Procter & Gamble Singapore<br />20 Sun Yafang Huawei Technologies China<br />21 Dominique Reiniche Coca-Cola Europe France<br />22 Antonia Ax:son Johnson Axel Johnson Group Sweden<br />23 Katrina Landis BP Britain<br />24 Angela Ahrendts Burberry Britain<br />25 Ann Pickard Royal Dutch Shell Netherlands<br />26 María Aramburuzabala de Garza Grupo Modelo Mexico<br />27 Maureen Chiquet Chanel France<br />28 Monika Ribar Panalpina Switzerland<br />29 Lubna Olayan Olayan Financing Saudi Arabia<br />30 Dong Mingzhu Gree Electric Appliances China<br />31 Kate Swann W.H. Smith Britain<br />32 Isabelle Ealet Goldman Sachs Britain<br />33 Christine Bosse TryGvesta Denmark<br />34 Clara Gaymard GE France France<br />35 Yoshiko Shinohara Tempstaff Japan<br />36 Nicola Leibinger-Kammuller Trumpf Germany<br />37 Neelam Dhawan HP India IndiaMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-51676900341719454732009-09-09T03:51:00.001-07:002009-09-09T03:54:30.568-07:00Change in taxability of equity awards<p><a name="openenroll"></a>The Income-tax Act has been amended to remove the provisions of the Fringe Benefit Tax (FBT), which was introduced in 2007. Because of this, there will be a change in the taxation of equity awards by COMPANY X [including Employee Stock Option Plan (ESOP), Employee Share Ownership Plan (SOP)), Restricted Stock Units (RSU) and Performance Based Restricted Units (PRU)].</p><p>Given below is a brief note on the taxation of equity awards granted to employees under the pre, during and post FBT regime. This mail is intended as a heads up for all participants in the above mentioned programs in India. We will share further information and process details as and when the relevant rules are notified by the Government of India.<br /><br />Please note that the below relates only to FBT on equity awards and not on FBT on any other benefits like car scheme.<br /><br />Pre FBT regime<br />· Benefit provided by COMPANY X to its employees in the form of equity awards was exempt from being treated as a perquisite in the hands of the employee.<br />· Gains/losses on transfer of such shares by the employee were subject to tax as capital gains. Capital gains was the difference between sale proceeds realized on sale of such shares by the employee and the price paid by the employee for the same (grant/release/allotment price), as applicable.<br />· The responsibility of offering capital gains to tax and remitting the taxes due under such COMPANY X equity awards was on the employee<br />FBT regime<br /><br />· With effect from 1 April 2007, the benefit given by way of equity awards was brought to tax under the FBT net. <br />· FBT was payable when the shares were allotted or options exercised or units released. The value of fringe benefit was the fair market value of the shares on the date on which the shares were allotted, option vested or units released as reduced by the amount actually paid/recovered from the employee (E.g. grant price). <br />· Capital gains was payable on the difference between the proceeds received by the employee and the Fair Market Value considered for the purpose of FBT.<br />· The responsibility of offering capital gains to tax and remitting the taxes due under such COMPANY X equity awards was on the employee<br /><br /><br />Current – Post FBT abolition regime<br /><br />· Fringe Benefit Tax (FBT), on all items including equity awards, has been abolished w.e.f. 1 April 2009.<br />· Benefits given by way of equity awards will now be taxed as a perquisite in the hands of the employee. Tax will be withheld (TDS) from the employee along with other compensation payouts. The value that will be subject to TDS would be the difference between the Fair Market Value of the shares on the date of allotment/exercise/release and the grant price for the same.<br />· Capital gains is payable on the difference between the proceeds received by the employee and the Fair Market Value considered for the purpose of calculating TDS for SOP, RSUs & PRUs. Capital gains will not be applicable on stock options since it is a cashless transaction.<br />· The clarification on how Fair Market Value is to be arrived at is awaited. <br /> </p>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-82682223257130373352009-09-08T11:54:00.000-07:002009-09-08T11:56:41.139-07:00Markets Recovering<p>The talk of a financial Armageddon which took hold earlier this year seems to have vanished. The attention now is focussed on the extent and timing of the recovery in developed markets. Germany and France are back on terra firma with positive GDP growth in the latest quarter. The good news in the US is that the economy shrank just 1 percent in the quarter ended June 2009 as compared to a 6.4 percent drop in the previous quarter.<br />Stock markets around the world have been quick to recognise what appears to be a momentous inflection point. Not only have the markets climbed a “wall of worry”, the mood of investors across the globe is definitely more optimistic.</p><p>More often than not, equity markets are propelled by “animal spirits”, herd behaviour and constantly changing perceptions of “relative value”. Fundamentals do matter, but the power of capital flows is far more dramatic in the short term. So what are the implications for committing capital given the current mindset?<br />It is quite possible that the improving sentiment has a beneficial impact on the real economy in terms of a greater propensity for capital spending by India Inc. and higher levels of consumer spending. Keep in mind that the current government is eager to protect the financial well-being of rural India.</p>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-27128531570513323882009-09-05T11:19:00.000-07:002009-09-05T11:32:28.941-07:00Oil India IPO Review<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRSuH_YP7ZD5JyegEphyphenhyphenAa50c21MkUXD0MdSQFHBOCioJQ3APy886T9e97GlkGJSaEZwVc_n9T48TWDPVSHQMdP__lTnt7T3Oje_tjey5gIuKKLj2unf6Cns1Ze-JN7nmk9Jw4w4eFfZ9Z/s1600-h/images.jpg"><img style="WIDTH: 147px; HEIGHT: 55px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5378053001510679234" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRSuH_YP7ZD5JyegEphyphenhyphenAa50c21MkUXD0MdSQFHBOCioJQ3APy886T9e97GlkGJSaEZwVc_n9T48TWDPVSHQMdP__lTnt7T3Oje_tjey5gIuKKLj2unf6Cns1Ze-JN7nmk9Jw4w4eFfZ9Z/s320/images.jpg" /></a><br /><div>Oil India, the second largest oil exploration company in India enters the Primary market with its Initial Public Offering (IPO) on September 7th. Oil India is mainly involved in exploration and production activities of Crude oil and Natural Gas. The operations are majorly in North East India and Rajasthan.<br /><br /><br />Price Range Rs. 950 To Rs. 1050.<br />Tick Size Re. 1/-<br />Market Lot 6 Equity Shares<br />Minimum Order Quantity 6 Equity Shares<br />Maximum Subscription Amount for Retail Investor Rs.100000<br />IPO Market Timings 10.00 a.m. to 5.00 p.m.<br />IPO Grading IPO GRADE 4<br />Rating Agency CRISIL<br /><br />OIL is offering their shares at 11.7x its post equity earnings at upper price band which is in line with ONGC. On EV/BoE basis OIL is currently trading at 4.0x as compared to 5.0x for ONGC. This coupled with high reserve replacement ratio and aggressive development plans make OIL a good investment. Given the sizable acreage both in the domestic and international regions and given the reduced subsidy burden on account of changes in subsidy sharing mechanism further reaffirms growth prospects of the company. Therefore based on the growth prospects and reasonable valuations we recommend subscribing to the issue with long term investment objective.<br />Final Verdict of CI : Avoid it, buy on listing at 1000,For long term.</div>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-69673614526398802262009-08-28T03:51:00.000-07:002009-08-28T03:53:40.714-07:00Free ATM usage Curbed<p>ONLY 5 TRANSACTIONS IN A MONTH<br />Not more than Rs 10k from other ATMs ... RBI has put a cap on thirdparty ATM withdrawal (When a cardholder is using other bank’s ATM) at Rs 10,000 per transaction and also limited the number of such transactions to five in a month. For more than five thirdparty transactions in a month, one has to pay Rs 20 per transaction.However, there will be no such limit when a cardholder is using his/her own ATMs. A senior official, who heads the ATM operation of a private sector bank, said the new scheme will be effective from October 1, 2009. RBI has already made all ATM transactions, including thirdparty ones, free of any extra charge. This has led to increase in the number of transactions taking place at third-party ATMs. The banker said that many customers started misusing the provision by withdrawing small amounts — even Rs 100 and that too almost daily. Your bank pays around Rs 20 per transaction to the other bank when you use its ATM to withdraw money. Even if you withdraw Rs 100 from any other ATM, your bank pays Rs 20 to that bank. This increases cost of operations for banks substantially. So, banks requested RBI to put a cap on the number of third-party withdrawals. Banks had also asked for a minimum withdrawal amount of Rs 1,000 for third-party transaction. But, RBI did not accept this demand as it would have affected small depositors. </p>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-71589992483775100322009-08-25T22:32:00.000-07:002009-08-25T22:34:47.959-07:00Evaluate StocksWarren Buffet is considered to be a genius when it comes to stock investment. He recommends an important thing to investors that the stock (company) you are thinking to buy or invest should have been around for at least ten years. There are a number of factors to be considered befere investing in stocks. <br /><br />Techniques to Evaluate Stocks are as following<br />• Company History <br />• Dividend <br />• Market Cap <br />• Cash Flow <br />• Price Earnings Ratio (P/E) <br />• Return on Assets & Return on Equity (ROA & ROE) <br />• Financial Leverage<br />* EBIDTAMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-89318887915320039132009-08-24T02:43:00.000-07:002009-08-24T02:46:10.358-07:00CitiBank timing.CITIBANK timing is<br />Mon - Fri - 10:00- 17:30<br />Saturday 10:00- 14:00<br />This information is not available on the website. After callin to call center I came to know about this. Its near Mayo hall , M.G road bangalore.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-12599358104292543182009-08-19T02:10:00.000-07:002009-08-19T02:13:56.862-07:00L&T Finance- Another NCDGuys if you missed Shriram NCD, here is another one. L&T Finance on Tuesday, 18th august opened its debentures issue to raise up to Rs 1,000 crore to<br /><br />fund its financing activities, including lending and investments.<br /><br />L&T Finance along with L&T Capital Holdings would offer 50 lakh secured non-convertible debentures (NCD), debentures that cannot be transformed into equity, at Rs 1,000 each, totaling to Rs 500 crore, with an option to raise an additional Rs 500 crore if the subscription is over subscribed, the company said.<br /><br />The NCD issue is with diverse investment options and yield on redemption of up to <strong>10.5 per cent</strong>. The issue would close on September 4, 2009.<br /><br />The NCDs have been rated AA+ by rating agency CARE and LAA+ by ICRA, which point out low creditMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-36362229546269645012009-08-07T10:20:00.000-07:002009-08-07T10:35:22.241-07:00NHPC IPO review<p>So the big IPO made way today and gover oversubscribed in an hour and 3.5 times in a day, What an IPO !<br /><br /><strong>So what is NHPC IPO all about?<br /></strong>The issue price band is placed between Rs.30 and Rs.36.<br /><br />Total shares of 1677374015 shares will be on offer in the IPO at a book value of Rs.15.78.<br /><br />NHPC plans to raise an amount up to Rs.6048 crores through this IPO.<br /><br />A bid has to be made for a minimum of 175 shares and in multiples of 175 there after. So 6300 for a lot.</p><p><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYwjCJkkBKe2QLZDnh2q6SKTVIMdlhm-vfja_AytQDpWY1WE1wXD7K4stGPy1-QEQGMKOwqDlVV_Ea0EsVPSQN53g9xFIph_Kv2rYqL3eBcCHZvT3BESkDZdSGABD1_435ZtAOuW7srJX5/s1600-h/NHPC+Ad.jpg"><img style="WIDTH: 238px; HEIGHT: 320px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5367276033389488146" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjYwjCJkkBKe2QLZDnh2q6SKTVIMdlhm-vfja_AytQDpWY1WE1wXD7K4stGPy1-QEQGMKOwqDlVV_Ea0EsVPSQN53g9xFIph_Kv2rYqL3eBcCHZvT3BESkDZdSGABD1_435ZtAOuW7srJX5/s320/NHPC+Ad.jpg" /></a><br /><strong>About the NHPC company:</strong><br /><br />India's biggest hydroelectric power generator<br /><br />NHPC had a net profit of Rs.1085.16 crores and reserves being at Rs.6039.67 crores in 2008.<br /><br />It power producing capacity at present stands at 5175 Megawatts which will soon be expanding to an additional 4622 Megawatts. </p><br /><p><strong>Control Investments's verdict :<br /></strong>It has always seen that government IPO, leaves enough scope for prospective investors to make money and this can be expected from NHPC IPO as well .Its a a good buy. </p><p><strong>My Verdict</strong>: I am planning to buy 700 shares worth 25200. I am not sure whether I will be I alloted any shares or not. But if I would I would sell on listing.<br /></p>Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-4604659954665731152009-08-04T01:55:00.000-07:002009-08-04T01:56:54.756-07:00AmortizationThe paying off of debt in regular installments over a period of time. The deduction of capital expenses over a specific period of time<br />Suppose Arshad Enterprise spent Rs 30 million on a piece of medical equipment and that the patent on the equipment lasts 15 years, this would mean that Rs 2million would be recorded each year as an amortization expense.While amortization and depreciation are often used interchangeably, technically this is an incorrect practice because amortization refers to intangible assets and depreciation refers to tangible assets.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-43367527964755202602009-08-03T02:47:00.000-07:002009-08-04T01:54:02.167-07:00EBITDA-Earnings Before Interest, Taxes, Depreciation and AmortizationEBITDA = revenues - expenses (excluding tax,interest, depriciation).EBITDA is a good metric to evaluate profitability, but not cash flow. EBITDA also leaves out the cash required to fund working capital and the replacement of old equipment, which can be significant.EBITDA can be used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting decisionsMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-69153155903532514692009-07-27T10:07:00.000-07:002009-07-27T10:09:14.986-07:00Adani Power IPO reviewThe <b>Adani Power IPO</b> is planning to raise around Rs 2200 Crores through the IPO.Adani Power Limited (APL), a member of 4.6 Billion US Dollar Adani Group, has taken up implementation of Mega Thermal Power Projects at various locations in India in view of the growing needs of Power requirements in the country. APL propose to implement 2640 MW Coal based Thermal Power Project at Mundra, Dist. Kutch, Gujarat, India. APL also propose to implement 1320 MW Coal based Thermal Power Project at Tiroda, Gondia, Maharashtra through its 100% subsidiary, Adani Power Maharashtra Ltd. (APML) APL is also actively planning to implement other Thermal Power Stations at various locations in India, totaling to about 10000 MW in the coming years. APL is engaged in the Power Trading business across the country and also aiming to enter into Power Transmission in a big way.<br />The price band for shares of Adani Power IPO is not yet decided. However, if you go by some basic calulations (2200 Crore issue size divided by 30 Crore shares), the approximation for share price of Adani Power shares comes to Rs. 73 or so - Again, is just the estimate, actual share price info is not available.<br /><br />The demand for Power is going to increase leaps and bounds. With the scarcity of Alternative Energy sources being identified and implemented in countries like India, the Power companies are expected to be benefitting if they can generate good businessMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0tag:blogger.com,1999:blog-758797484113669094.post-21303534420124815112009-07-08T10:46:00.000-07:002009-07-09T02:27:08.249-07:00100 Key Points of Budget 20091.Govt committed to tax reforms<br />2.Hike in IT exemption to Rs 2,40,000 for senior citizens<br />3.Commodities Transaction Tax to be scrapped<br />4. Service tax to be levied on law firms<br />5. 10 pc surcharge on personal income tax scrapped<br />6. Excise duty on petrol-driven small trucks down to 10%<br />7. Exemption of duty on goods made at construction sites restored<br />8. Drugs for heart diseases to become cheaper<br />9. Banking network to be expanded<br />10. Customs duty on gold and silver import increased<br />11. Mobile phone accessories to become cheaper<br />12. Pranab's Budget brings little cheer for the market<br />13. Branded jewellery for women to become cheaper<br />14. Customs duty on bio-diesel reduced<br />15. Tax holiday extended for textile units<br />16. Small businesses exempt from advance tax<br />17. Custom duty on LCD panels halved<br />18. Set-top boxes to cost more<br />19. Anonymous funds to charitable bodies to get some tax relief<br />20. MAT (minimum alternate tax) hiked to 15% of book profit<br />21. Hike in IT exemption for women to Rs 1,90,000<br />22. General Sales Tax model will have a Central GST and State GST<br />23. Share of direct taxes has increased to 56 per cent in 2008-09<br />24. GST to come into effect from April 01, 2010<br />25. Corporate tax unchanged<br />26. New tax code to be set up in 45 days<br />27. Goods and Services Tax to be introduced from April 1, 2010<br />28. Total budget expenditure for 2009-10 will Rs 10,28,032 cr<br />29. Plan expenditure, for both Centre and States, to go up by Rs 61,000 cr<br />30. Fiscal deficit in 2009-10 is proposed at 6.8 per cent of GDP<br />31. Higher public investment in infrastructure<br />32. Defence outlay remains unchanged<br />33. Rs 1,000 cr for Aila rehabilitation to West Bengal<br />34. Rs 25 cr each for AMU campuses in Murshidabad and Mallapuram<br />35. Rs 2,113 cr for IITs and NITs<br />36. Funds for GSI to enhance exploration of minerals<br />37. New pension benefits for 12 lakh jawans and JCOs<br />38. Pension of non-commissioned officers to be hiked<br />39. Allocation for rehab of Lankan Tamils<br />40. One lakh dwelling units for paramilitary forces to be built<br />41. Commonwealth allocation hiked to Rs 3472 crore<br />42. Allocation of Rs 50 cr to Chandigarh University<br />43. Govt to hike allocation to National Ganga Project to Rs 562 cr<br />44. One rank, one pension for ex-servicemen from July 1<br />45. Allowances to para-military forces at par with defence forces<br />46. Unique Identification ID project to roll out in 12-18 months<br />Fringe Benefit Tax to be scrapped<br />48. Unique Identification ID project to tap private talent<br />49. Allocation for NRHM to be raised by Rs 257 cr<br />50. National action plan on climate change<br />51. Full interest subsidy for students in approved institutions<br />52. Modernisation of national employment exchanges<br />53. 50% cent of rural women in self-help groups<br />54. Rural mega clusters in Bengal and Rajasthan<br />55. Interest subsidy for home loans up to Rs 1 lakh<br />56. Interest subsidy on education loans<br />57. Rashtriya Mahila Kosh corpus to be raised to Rs 500 crore<br />58. Rs 2,000 cr for rural housing fund under National Housing Bank<br />59. National Mission for female literacy<br />60. NREGA allocation up 144%<br />61. Work on National Food Security scheme for subsidised food<br />62. Rs 100 cr one-time grant to expand banks in unbanking areas<br />63. Indira Awaas Yojna hiked by 63% to Rs 8,883 cr<br />64. Allocation for PM Gram Sadak Yojna up by 59 per cent<br />65. Rs 39,100 crore allocation for NREGA<br />66. NREGA gave employment opportunities to more than 4.47 cr households<br />67. Aam Aadmi is the focus of all UPA's schemes<br />68. Govt to shift to nutrient based fertiliser subsidy regime<br />69. One banking centre in every bloc<br />70. Banks, insurance to stay with Govt<br />71. Raise threshold for non-promoter public listed companies<br />72. FM recalls Indira Gandhi's bank nationalisation<br />73. Move towards energy security via Integrated Energy Act<br />74. Saral-II forms to simplify taxation process<br />75. An expert panel will look into petroleum product pricing<br />76. Domestic oil prices must be in sync with global prices<br />77. Fertiliser subsidy to go directly to farmers<br />78. Export Credit Guarantee scheme extended till March 2010<br />79. Pranab Mukherjee quotes Kautilya in Budget speech<br />80. Incentives in interest rates to farmers to pay back<br />81. Print media stimulus package extended by six months<br />82. Target for agriculture credit raised to Rs 3,25,000 cr in 2009-10<br />83. FIIs have returned to India in last few months<br />84. Storm-water drainage project fund hiked to Rs 500 cr<br />85. Blueprint for national gas grid<br />86. Additional budget allocation to farmers<br />87. Allocation of Rashtriya Krishi Vikas Yojna stepped up by 30%<br />88. Total fiscal stimulus during '08-09 is Rs 1,86,000 cr<br />89. Hike in allocation for Mumbai flood management<br />90. Housing allocation hiked under Rajiv Awaas Yojana<br />91. Fund allocation for urban poor accommodation is 3,973,000 cr<br />92. JNNURM allocation hiked by 87 per cent<br />93. NHAI allocation up by 23 per cent<br />94. Hike infrastructure investment to over 9% of GDP by 2014<br />95. IIFCL will refinance 60% of commercial bank loans in PPP<br />96. Signs of revival in the domestic industry<br />97. Fiscal stimulus gave economy a boost<br />98. Govt took 3 stimulus packages to fight slowdown<br />99. Economic growth is a synergy of states and Centre<br />100. Significant hike in foreign capitalMohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com1tag:blogger.com,1999:blog-758797484113669094.post-52122715333804133712009-06-26T02:19:00.000-07:002009-06-26T02:25:23.856-07:00Support and Resistance of MarketLike everything else in life, stock prices are driven by supply and demand. Supply is synonymous with bears and selling. Demand is synonymous with bulls and buying.<br />As demand increases, prices advance and when supply increases, prices decline. When supply and demand are equal, bulls and bears slug it out for control.<br />Where is <strong>support</strong> established?<br />As the price declines, buyers become more inclined to buy and sellers less inclined to sell. A point where demand overcomes supply and prevents the price from falling becomes a support.<br />Human behaviour is responsible for the existence of supports and resistance.<br />Many investors who have zeroed in on a particular stock may not commit their resources as prices are falling. Once the price starts rising, they rue the fact that they did not buy it when it was low and vow to buy it if prices come back to those levels.<br />If buying demand overcomes supply at those levels, prices will rise from that level again, reinforcing the psychology. The significance of the support level increases the more times the price bounces back from that level.<br />Support does not always hold and a break below support signals that the supply from bears has won over the demand form bulls. A decline below support indicates a new willingness to sell and a lack of willingness to buy.<br />Once support is broken, another support level will have to be established at a lower level. Sometimes price movements can be volatile and an intra-day dip below support is not considered a breach of support, which we call a 'whipsaw.'<br />What is <strong>resistance</strong>?<br />As the price advances, sellers become more inclined to sell and buyers are wary of committing resources at high levels. At a point where supply exceeds demand and prices stop rising, further movement is resisted.<br />Resistance is the price level at which selling is thought to be strong enough to prevent the price from rising further.<br />As the price falls from such a resistance point, investors who were hoping for a further rise now realise they have missed on selling the stock. And when prices rise to this resistance level, they remember to sell this time, which creates pressure from all such investors who were left holding the baby earlier.<br />This makes the resistance point a tough nut to crack.<br />The significance of the resistance level increases with the number of times the price reverses from that level.<br />Just like support, resistance does not always hold and a break above resistance signals that the bulls have won out over the bears. A break above resistance shows a new willingness to buy and/or a lack of incentive to sell.Mohammad Arshadhttp://www.blogger.com/profile/04179034662015307268noreply@blogger.com0