SumanSpeaks: The Information Super Highway

An old but an useful report on IRB Infrastructure Developers Ltd CMP: Rs.115.85

IRB Infrastructure Ltd: End of Bear Phase IRB Infrastructure Ltd is an integrated infrastructure development and construction company in India with significant experience in the toll roads and highways sector. IRB is one of the largest private developers in India with 18 BOT Projects out of which 12 Projects are under operation. IRB Infrastructure Ltd ha s a massive ord er book, of approximately Rs. 9100 Cr out of which Rs. 71 00 Cr worth of order book is to be executed in the next three years. Such massive order book gives the company a good visibility for the next three years. The company according to media report would continue to bid for viable projects. Financials : IRB Infrastructure Ltd, declared a profit of Rs.1.43bn (1 billion= 100 Cr) on total income of Rs.9.47bn for the Q3FY13. Income from operations was up by 23% to Rs.9.14bn for Q3FY13 from Rs.745 crores for Q3FY12.  IRB ha s also declared 3rd interim dividend of Re. 1 per share for FY13.   Due to st...

Market Mantra Maintaining its upward trend the Nifty closed with a gain of 79 points yesterday. A gap up opening was  followed by sustained buying, which took the Nifty to a high of 5924 before closing at 5916. Nifty has settled 234 points higher in April contract expiry. It seems that intermediate correction that started in February has come to an end and uptrend has resumed. The bulls are very active and it appears that this rally will continue, albeit with bouts of profit booking, which in any case is healthy. In case of Nifty_Futures, the crucial level is  5860 (Futures). Thus any fall in Nifty_Futures towards the mark of 5860 will offer a buying opportunity with a stop loss of thirty to forty points on the downside. On ascent, the Nifty_Futures will face a resistance at 5960. If the momentum is strong enough, then the next resistance will emerge at 6000 (Futures). Nifty_Spot is now trading at 5885. Every dip is a buying opportunity as there are no negati...

Gold prices maintained an upward trend Those who bought the shares of Manappuram Finance Ltd (BSE Code: 531213, CMP: Rs.17.70) with me, say Cheers!! Gold prices maintained an upward trend for the fifth-straight day by adding Rs 400 to regain the psychological level of Rs 28,000 per ten grams in the national capital Thursday on strong demand from stockists and traders coupled with marriage season off-take from consumers amid a firming global trend. Silver also recovered by Rs 500 to Rs 45,500 per kg on increased offtake by industrial units and coin makers. Meanwhile, gold prices continued their upward momentum in futures trade today and rallied by over Rs 650 points to regain Rs 27,000-level as speculators enlarged their positions tracking a firm global trend. Silver also regained Rs 45,000-level in futures trade. At the Multi Commodity Exchange (MCX), metal for delivery in June contracts climbed by Rs 653 to Rs 27,041 per ten grams. Similarly, silver for delive...

Gold shoots up 1.8 pc on rising geopolitical tensions Those who bought the shares of Manappuram Finance Ltd (BSE Code: 531213, CMP: Rs.17.70) with me, say Cheers!! NEW YORK/LONDON: Gold surged nearly 2 percent on Thursday, boosted by a combination of options-related buying, rising geopolitical tensions and strong physical demand after its selloff. The metal has now retraced around half of its losses after it fell a combined $225 over a two days earlier in April. Buyers have been scooping up gold at lower prices, reflected by the US Mint's suspension to sell its smaller American Eagle gold coins after soaring demand depleted inventory. "Today's rally can mostly be attributed to options-related activities, and we continue to have strong physical demand, but I don't think it's enough at the end of the day to hold the market up," said Frank McGhee, head precious metals trader at Integrated Brokerage Services LLC. Trading was active for both buy and...

Granules India Ltd : Riding on the good FY13 numbers CMP : Rs.112.25 Please Click On The Chart To Expand Granules India Ltd., a fast growing pharmaceutical manufacturing company, came out with decent set of numbers for its fiscal year 2013 ended March 31, 2013, inspite of working in a challenging environment. Granules India Ltd's consolidated net sales increased by 17% to Rs.764 Cr. while its consolidated net profit increased by 9% to Rs. 33 Cr. Financial Highlights for Fiscal Year ended March 31, 2013 :   • Net Sales: Rs.764 Cr, an increase of 17% compared to Rs. 654 Cr. in FY12  • PBT: Rs.46 Cr, an increase of 8% compared to Rs.43 Cr. in FY12  • Net Profit: Rs.33 Cr., an increase of 8% compared to Rs.30 Cr. in FY12. The Company reported sales of Rs.204 Cr, its highest ever, in Q4FY13, an increase of 9% compared to the comparable quarter in FY12. In addition, PBT before FIX increased by 15% to Rs. 18 Cr.  Granules also announced the completion...

Market Mantra The morning call to the Paid Groups and to those who are trading through my recommended brokerage house/s , Sarda Energy and Mineral Ltd (BSE Code: 504614) at Rs.110, today hit the intra-day target s of Rs.117-121 , before co oling down a bit. Tulip Telecom Ltd hits another buyer freeze in the opening trade. The scrip was repeatedly recommended here, even with videos and other illustrations, explaining the reasons for bullishness. The scrip will slowly move towards Rs.41-42, from where it fell.  Now, even today, wh en the G old price is moving up, Manappuram Finance L td should move up, which is now t rading flat at Rs.17.70. The company is expected to do wel l in the next few trading s essions.  My re commended Punj Lloyd Ltd is also doing well toda y , already touched Rs.54.70, intra-day. The rate sens itives sho uld be doing well in the days to come as the RBI cuts the intere st rate in the next policy meet.  Those who want to specul ate can...

Manappuram Finance Ltd: Buy Manappuram Finance is a leading national player in its core activity of gold loans. Manappuram Finance may not face much under recovery of revenues on certain gold loan portfolios due to a constant surge in the gold prices in the international markets during the last few days. Besi des this the loans are gi ven for the short term (even LTV is maintained at around 60%) and hence, most of the f e ars are unfounde d--gold is up even today in the MC X.  The company was the First NBFC in Kerala to receive a Certificate of Registration issued by the RBI. It was the first Kerala based NBFC to get a Credit Rating in 1995 of "MA" (current rating MA+) from ICRA, recognising the company's ability to make timely repayments of the principal and interest under its then existing public deposits programme. Manappuram Finance was one of the very first NBFCs from Kerala to go for a Public Issue of its shares in 1995. In fact, the company has been cons...

Future Retail Ltd (BSE Code: 524574) : Should Move Up At Top Speed Pantaloon Retail can move to Rs 200 or so in next 4-6 months, says SP Tulsian, sptulsian.com Tulsian told CNBC-TV18, "If I first take the steps having initiated by the management of Pantaloon Retail for monetizing some of their non-strategic assets, we have all been hearing that first they exited from the Future Capital which is now Capital First, then entered into an agreement with Aditya Birla Group, now selling their stake in Future Generali that is life insurance and general insurance both. They have sold the non-life insurance to Larsen and Toubro (L&T) and life insurance to Industrial Investment Trust (IITL).” He further added, “If I go by the financial performance on an annualized basis they have a top-line of close to Rs 15,000 crore which in my view is quite respectable and having an EBITDA of about 11 percent. So they have annual EBITDA of close to about Rs 1,600 crore plus, but th...

More economic reforms in next 2 to 4 months : Chidambaram New Delhi: Committing to carry forward the economic reforms programme in the remaining term of UPA-II, Finance Minister P Chidambaram on Wednesday said the government will take more executive actions in the next two to four months and sought cooperation of the main opposition party to push through important bills in Parliament. Ruling out early elections, the Minister said the government would last for 13 months more and would continue to take small but significant steps to ensure that the country achieves its potential growth rate of 8 percent. "There is much more to be done. The remaining bills have to be passed. There are many more executive actions that have to be taken... Some of these are executive actions which we will take in the next 2-4 months. "We will continue to take small significant steps. We will also take forward some big ideas. India's economy will continue to reform," Chidambaram said ...

Gold R ate T oday: Latest U pdates Best Time To Invest In Gold  o r In Gold Loan Companies ...? Recovering from their yesterday's loss, gold prices in futures trade moved higher by Rs.250 Wednesday, tracking uptrend in international markets as solid physical demand encouraged speculative buying. At the Multi Commodity Exchange (MCX), metal for delivery in June contracts rose by Rs 250 to trade higher at Rs 26,414 per ten grams. Similarly, Silver for delivery in May contracts increased by Rs 421 to Rs 43,235 per Kg. Gold prices fell by up to Rs 60 at the Mumbai bullion market today following reduced demand from traders and jewellers. Silver also fell by Rs 550 to Rs 44,600 per kg. Standard gold of 99.5 percent purity and pure gold of 99.9 percent purity both traded down by Rs 60 and Rs 55 at Rs 26,570 and Rs 26,710 per ten grams, respectively. Speculative buying after yesterday's fall pushed gold price in international markets higher by 0.86 percent on Wednesda...

Gold P rices M aintain s An U pward T rend F or T he F ourth- S traight D ay Gold prices maintained an upward trend for the fourth-straight day by adding Rs 200 to Rs 27,600 per 10 grams in the national capital Tuesday on sustained buying by stockists and retailers. Gold prices in futures trade however, failed to maintain their winning streak and fell by up to Rs 200 per ten grams amid down trend in international markets as more outflows from gold exchange-traded funds summed up investors' weakening confidence in the metal. At Delhi spot market, Silver lacked necessary follow up support and dropped by Rs 800 to Rs 45,000 per kg. Gold in overseas markets, which normally set price trend on the domestic front, moved lower by USD 14.30 or 1 percent to USD 1,412 per ounce. At the Multi Commodity Exchange (MCX), metal for delivery in June contracts fell by Rs 245 to trade lower at Rs 26,112 per ten grams after moving in range of Rs 26,062-26,448. Similarly, Silver for d...

Market Mantra Afternoon call to the Paid Group member and to those who are trading through my recommend ed brokerage house: MANAPPURAM FINANCE LTD  (BSE Code: 531213) hit the buyer freeze. The scrip is going to give good returns going forward. In these kinds of markets, I feel it would not be pr udent t o play on your own, i ntead it would be better if you allow an expe rt to trade on your behal f in your portfo lio. Even if the loss is made it co uld be covered over a period. Open a n account with my recommended brokerage house and get my sup port for your trading.  Buy Future Retail Ltd ( BSE Code: 523574) at Rs.148-149, T--Rs.161--162, in the short term. Since the CAD has come down, our government can go for a little bit of expansionary (mode) policies; this will help the companies in the retail sect or. There were also some positive media reports on t he company . Besides, FDI in retail, will increase the probably of M&A, in this sector. Hence, it is a stron...

Big Bazaar's new shopping scheme finds takers To join 'Big Bazaar Profit Club', a customer has to pay Rs 10,000, after which he can shop for Rs.1,000 a month for 12 months About 20,000 customers have enrolled for the Future Group-owned Big Bazaar's latest shopping scheme, which requires shoppers to pay money upfront to join for membership. To join 'Big Bazaar Profit Club', a customer has to pay Rs 10,000, after which he can shop for Rs 1,000 a month for 12 months, thus getting two months' shopping free. "It is a loyalty and prepaid card for our customers. Many customers are liking it and we have seen over 20,000 customers enrolling for it," said a senior executive with Future Group. On being asked about the legality of the scheme, the executive said it is akin to a prepaid card and it has nothing to do with money making. "Many retailers and jewellers are doing such schemes," he pointed out. A mail sent to a Future Group spok...

Soil is not affected by laying pipeline through farmland: Punj Lloyd ~~Richa Mishra New Delhi, April 20:  With operations spread across the West Asia, Africa, the Caspian, Asia Pacific and South Asia, Punj Lloyd is not a newcomer as an EPC (engineering procurement and construction) service provider in energy sector particularly. Contractor of the import-export LPG terminal at Ennore, its second as a contractor, and involved with a section of GAIL (India) Ltd’s Kochi-Koottanad Pipeline, remains focused on projects in developing countries. So far the company has laid 11,000 km of pipeline of this 7,000 km is in India including Mukesh Ambani’s East-West pipeline Network, and GAIL’s Dahej-Vijaipur pipeline. In conversation with Business Line Shivendra Kumar, President & CEO Energy – South Asia, Punj Lloyd, shares his thoughts on the issues concerning the sector and why the company feels at an advantage when working in developing countries. Excerpts : What are the difference...

Punj Lloyd Ltd: Breaks Out The Punj Lloyd Group is a diversified international conglomerate offering engineering, procurement, and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector. The company recently,  received an offshore project worth Rs.314 crore in Al-Khafji, Saudi Arabia from Al Khafji Joint Operations (KJO). Punj Lloyd said that the project is scheduled for commissioning in September 2014. KJO is a joint operation of two national companies -- Aramco Gulf Operations Company (AGOC) and Kuwaiti Gulf Oil Company (KGOC), for oil and gas exploration development and production in the offshore area of the partitioned neutral zone between Saudi Arabia and Kuwait. The scope of work for the project entails detail design, engineering, procurement, testing, transportation and construction/installation of a new 20 inch OD crude transmission line, 40 km submarine rigid pipeline, mechanical compl...

Market Mantra Reliance Mediaworks Ltd(Rs.51.90) hits the buyer freeze in the mid afternoon trade. The scrip was recommended repeatedly in this group. Reliance Broadcast Network Ltd (Rs.28) could also hit the buyer freeze today, as most of the ADA Group (Anil Ambani Group) stocks are moving up in high speed.  The construction companies are moving up today, in anticipation of the RBI going for another round of rate cuts in the next policy meet. Some of my favourite counters like IVRCL Ltd (Rs.20.70), B F Utilities Ltd (Rs.260), Punj Lloyd Ltd (Rs.53.50), etc are doing well today. Tulip Telecom Ltd hits another consecutive buyer freeze in the opening trade. It is now locked at the Upper Circuits at Rs.16.13 in the BSE. This scrip was also very strongly recommended in this blog, repeatedly.  Today Kingfisher Airlines Ltd moved to Rs.7.20, before cooling down a bit. It is only time that the airlines would start operation once again. A section media is sending all sorts of ...

B F Utilities Ltd CMP: Rs.2 60.25 The two cities, Mysore and Bangalore are developing economically on the lines of Mumbai-Pune, with excellent growth and synergies. The Mumbai Pune corridor is a highly industrialised affluent region, powered by an excellent Expressway. The 143 km BMIC distance is part of State Highway 17, and is a key connection from Bangalore to West Karnataka, North Kerala and north and west Tamil Nadu. The Bangalore Mysore corridor has tremendous development potential. It is also badly required, for the necessary growth of South Bangalore and Mysore, as well as potentially the entire corridor. Even though the B F Utilities Ltd financials are in negative for the December, 2012 quarter, the business is well managed, and the expectation is that if the pending land is handed over to B F Utilities in the next quarter, it may be possible for the management to complete the highway and a fair proportion of the townships by end 2013. On legal ...