Shilpi Cable Technologies has opened its IPO for subscription on 22/03/2011 and issue will close on 25/03/2011.The price band of the issue has been fixed between Rs 65/- to Rs69/-. I advice all the investors to avoid this issue due to the following reasons.
1. Issue has been graded by CARE and Grade given to the company is 1 indicating POOR FUNDAMENTALS.
2.Very high Issue price of Rs 65 to Rs 69 with out much fundamentals
3.Company is in operation for last 4 years only
4.Earning per share is in negative for 2 years out of 3 years in operation
5. Net Asset Value per Equity Share as on March 31, 2010 is only Rs. 14.89 on consolidated basis.
6. Three to Four company's by the Promotor's already in the similar line of
operation
Wednesday 23 March 2011
Monday 21 March 2011
25 HIGHEST DIVIDEND YIELDING STOCKS
Listed below are the 25 stocks which gives the highest
dividend yields. These stocks are selected based on the consistency of dividend . All these stocks had declared dividend consistenly for last 5 years.Those who are interested in consistent dividend income can invest in some of these shares .
SR.NO. COMPANY NAME LAST PRICE LATEST Div % DIV YIELD
1 ZENITH BIRLA 8.99 20.0 22.25
2 ENGINEERSIND 306.00 1060.0 17.32
3 MERCK 574.70 950.0 16.53
4 PANORAMIC UNI 16.20 50.0 15.43
5 ZICOM SECURITY 37.65 50.0 13.28
6 JUPITER BIO 20.10 20.0 9.95
7 ALKALI METAILS 46.55 40.0 8.59
8 DALMIA SUGAR 24.90 100.0 8.03
9 IKF FINANCE 12.57 10.0 7.96
10 ASHIRWAD CAPITAL 1.92 15.0 7.81
11 BNR UDYOG 12.85 10.0 7.78
12 RISHABH DIGHA 26.50 20.0 7.55
13 ANUH PHARMA 133.00 200.0 7.52
14 HCL INFO 100.60 375.0 7.46
15 HERO HONDA 1474.15 5500.0 7.46
16 VALSON IND 20.40 15.0 7.35
17 ULTRAMARINE 41.25 150.0 7.27
18 FAIRDEAL FILA 18.50 12.5 6.76
19 INDUCTO STL 29.90 20.0 6.69
20 VALIANT COMM 18.00 12.0 6.67
21 HBPORTFOLIO 30.20 20.0 6.62
22 BN RATHI SEC 18.85 12.0 6.37
23 STANROSE FINANCE 78.50 50.0 6.37
24 GOWRA LEASING 19.05 12.0 6.3
25 SIPAPER 48.35 30.0 6.2
dividend yields. These stocks are selected based on the consistency of dividend . All these stocks had declared dividend consistenly for last 5 years.Those who are interested in consistent dividend income can invest in some of these shares .
SR.NO. COMPANY NAME LAST PRICE LATEST Div % DIV YIELD
1 ZENITH BIRLA 8.99 20.0 22.25
2 ENGINEERSIND 306.00 1060.0 17.32
3 MERCK 574.70 950.0 16.53
4 PANORAMIC UNI 16.20 50.0 15.43
5 ZICOM SECURITY 37.65 50.0 13.28
6 JUPITER BIO 20.10 20.0 9.95
7 ALKALI METAILS 46.55 40.0 8.59
8 DALMIA SUGAR 24.90 100.0 8.03
9 IKF FINANCE 12.57 10.0 7.96
10 ASHIRWAD CAPITAL 1.92 15.0 7.81
11 BNR UDYOG 12.85 10.0 7.78
12 RISHABH DIGHA 26.50 20.0 7.55
13 ANUH PHARMA 133.00 200.0 7.52
14 HCL INFO 100.60 375.0 7.46
15 HERO HONDA 1474.15 5500.0 7.46
16 VALSON IND 20.40 15.0 7.35
17 ULTRAMARINE 41.25 150.0 7.27
18 FAIRDEAL FILA 18.50 12.5 6.76
19 INDUCTO STL 29.90 20.0 6.69
20 VALIANT COMM 18.00 12.0 6.67
21 HBPORTFOLIO 30.20 20.0 6.62
22 BN RATHI SEC 18.85 12.0 6.37
23 STANROSE FINANCE 78.50 50.0 6.37
24 GOWRA LEASING 19.05 12.0 6.3
25 SIPAPER 48.35 30.0 6.2
Thursday 17 March 2011
IPO - PTC India Financial Services - 20 % appreciation on listing
This company was incorporated in 2006 in which the parent company PTC India Limited Holds 77.60 % of equity capital and the balance is equally owned by GSStrategic Investments Limited (an affiliate of The Goldman Sachs Group, Inc.) and Macquarie India HoldingsLimited (an affiliate of The Macquarie Group) . After this issue their shareholding will come down to PTC India Limited ---- 60.00 %,GS Strategic Investments Limited ---- 8.66 % and Macquarie India Holdings Limited ---- 3.46 % .The share is priced in the range of Rs 26- Rs 28/- and the retail invester will get a discount of Rs 1/- .
This issue comprises of two parts ,first part is the fresh issue and the second part is the offer for sale by GS Strategic Investments Limited and Macquarie India Holdings Limited . The Company intends to utilize the proceeds from the Fresh Issue to increase their capital base so that they can meet the capital requirements arising out of the growth of the business .
Main strength of this company is its promoter PTC ,who is the market leader for power trading solutions in India. Basically this company is an NBFC and offer financial products to the energy sector . Since the company is operating in the Energy sector ,which is expected to boom for the couple of years in India . Hence I advice you to invest in this issue .Moreover due to the dullness in the market you will have better chance of allotment and you can expect an appreciation of 20 % on listing
This issue comprises of two parts ,first part is the fresh issue and the second part is the offer for sale by GS Strategic Investments Limited and Macquarie India Holdings Limited . The Company intends to utilize the proceeds from the Fresh Issue to increase their capital base so that they can meet the capital requirements arising out of the growth of the business .
Main strength of this company is its promoter PTC ,who is the market leader for power trading solutions in India. Basically this company is an NBFC and offer financial products to the energy sector . Since the company is operating in the Energy sector ,which is expected to boom for the couple of years in India . Hence I advice you to invest in this issue .Moreover due to the dullness in the market you will have better chance of allotment and you can expect an appreciation of 20 % on listing
Friday 4 March 2011
Godavari Power & Ispat Ltd ( GPIL) -
Godawari Power & Ispat Ltd. (GPIL) a public Ltd. Co., belonging to HIRA Group of Industries, Raipur, was incorporated in 1999 to set up an integrated steel plant with captive power generation .GPIL , today is a totally integrated steel plant which manufactures mild steel wires , sponge iron, billets, Ferro alloys, captive power, wires rods , Oxygen gas, fly ash brick etc etc . Today GPIL is the third largest manufacturer of coal based sponge Iron in India and one of the largest players in the mild steel wire segment .
Investment in this company is adviced due to the following positive aspects
1. Company has started the mining ore from their own iron ore mine
2. Company has commenced the operation of iron ore palletitation plant
3. Commercial operation of 20 MW Bio-mass power plant also has started
4. Company has got the permission for starting a solar power plant with
a capacity of 5o Mw
5. De-merger of this company into two based on steel and power and it’s
subsequent value unlocking
There will be dramatic improvement in the working of GPIL from current year with the commencement of operation of iron ore mine , power plant and the palletitation plant which will result in the lower raw material cost . As per my estimate company will close this year with a Net profit of Rs 73 /- resulting an Earning per share of Rs 26/- and a Book value of over Rs 190 /- which means that the share available now at a price less than it’s Book value .
Investment in this share is recommended at current price with an expected price of Rs 300 with in next 12 months
Investment in this company is adviced due to the following positive aspects
1. Company has started the mining ore from their own iron ore mine
2. Company has commenced the operation of iron ore palletitation plant
3. Commercial operation of 20 MW Bio-mass power plant also has started
4. Company has got the permission for starting a solar power plant with
a capacity of 5o Mw
5. De-merger of this company into two based on steel and power and it’s
subsequent value unlocking
There will be dramatic improvement in the working of GPIL from current year with the commencement of operation of iron ore mine , power plant and the palletitation plant which will result in the lower raw material cost . As per my estimate company will close this year with a Net profit of Rs 73 /- resulting an Earning per share of Rs 26/- and a Book value of over Rs 190 /- which means that the share available now at a price less than it’s Book value .
Investment in this share is recommended at current price with an expected price of Rs 300 with in next 12 months
Subscribe to:
Posts (Atom)