Two big brokerages have come out with conflicting reports on reliance Petroleum one with a BUY – Can’t Wait to Start and see cash flow while the other with SELL – on weak gasoline spread forecasts. What do you do now ? (more…)
Author: CP
Petroleum Product Prices Hiked
Breaking News:
Updating from the corridors of Petroleum Ministry, following is the price hike and excise hike in petroleum products
Rs 3 /L hike in diesel price.
Rs 5 /L hike in petrol price.
Govt hikes LPG prices by Rs 50 per cylinder.
Customs duty on crude cut to nil.
Govt cuts excise duty on diesel, petrol by Rs 1 /L.
Customs other petro products cut to 5% vs 10%.
Govt cuts customs duty on petrol, HSD to 2.5% from 7.5%.
Excise duty cut to cost 66.60 bln rupees.
Duty cut on oil pdts to cost govt 226 bln rupees
Tentative List of IPOs in June
Here is the Tentative List of companies going for IPO in June-2008. IPO reviews will be posted here if it is worth to invest in.
Name of the company, Issue Size[Rs crore] and Expected Date of Issue.
Sejal Architectural Glass Limited 9-Jun-08
Avon Weighing Systems Ltd 105.73 9-Jun-08
First Winner Industries Limited 10.00 9-Jun-08
Archidply Industries Limited 65.00 11-Jun-08
Lotus Eye Care Hospital Ltd 2nd week of June
KSK Energy Venture Ltd 1000.00 2nd week of June (more…)
Performance of Various Asset Classes
We are presenting to you the YoY change in %ge of various asset classes comprising commodities, bonds, equity indices. Nickel and Zinc are the top losers in the last 12 months while Crude, Soyabeans and Corn are the biggest gainers. The BSE Sensex occupies the Median slot in the list, check it out (more…)
Indo Tech Transformers – Earnings Tripped
The net sales of ITTL declined by 17.7% to Rs 46.66 crore in Q4FY08 as against Rs 56.72 crore during Q4FY07. The net profit declined by 6.1% to Rs 9.66 crore in Q4FY08 as against Rs 10.29 crore during Q4FY07. Realization dropped by ~11.06% and raw material prices hiked because of which the company witnessed drop in PAT margin by ~280 bps on QoQ basis to 20.7%.
The company was busy in training and shifting people for commissioning the new plant because of which the company top line and bottom line declined by 17.7% and 6.1%.
On yearly basis, net sales of ITTL rose by 22% to Rs 189.5 crore in FY08 as against Rs 155.37 crore during FY07. The net profit rose by 48.9% to Rs 39.02 crore in FY08 as against Rs 26.21 crore during FY07.
The company’s order book position stands at ~Rs 154 crore with execution period of ~ 6 months. Out of which ~Rs 133 crore stands for power transformers, ~Rs 19.8 crore for distribution transformers and balance for dry type transformers.
Punj Lloyd hammered on loss expectations in legacy project
Punj Lloyd (PLL) announced its FY08 result with consolidated revenue up 51% to INR 77.5bn (in line with estimates) and PAT of INR 3.2bn . EBIDTA margin improved by 100bps. The order book of INR 196bn, or 2.5xFY08 sales, provides revenue visibility. PLL maintains its focus in the oil and gas sector and has increased upstream capex in the India and Caspian region.
Now you are wondering inspite of the good results why is the stock hammered on the bourses ? (more…)