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Magazine April 2010

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Page 1: magazine April 2010
Page 2: magazine April 2010

CONTENTSINSIDE

Cover Story

Corporate News 5

Review & Analysis 6-7

Fixed Deposit 9

Insurance- Endownment Policy 20

Stock Ideas 39

Others

Prime Economic Indicator .......................8

Data Monitor .....................24

Market Commentary .....................42

Technical Analysis .....................44

Investor Education ......................47

Commodity Outlook .....................50

Commodity Special Report .....................52

Query Time .....................54

Mail Box .....................56

One could say the modern age started with the use of iron in daily life. It was also the time when states and cities were born. The Iron Age continues still and the metal is used in its various forms. Steel, an alloy of mostly iron and around 2 per cent carbon is so widely used that it is considered to form the very framework of

P.G.12

Mutual Fund News 4

tock Idea

Others

Page 3: magazine April 2010

Investment Monitor A monthly Investment Magazine based on fundamental & technical research

Subscribe

Now

8Stock Ideas

8Stock Market Monitor

8Market Commentary

8Investor Education

8Insurance Insight

8Mutual Fund Guide

8Commodity Analysis

8Mutual Fund Ready Reckoner

Subscription Form

5 Years (60 Issues) Rs 1200. 3 Years (36 Issues) Rs 800.

2 Years (24 Issues) Rs 550. 1 Years (12 Issues) Rs 275.

First Name : .................................................... Last Name : ............................................................

Age : ........................... Occupation : ...............................................................................................

Address : .........................................................................................................................................

City : .............................................. State : .............................................. Pin : ...............................

Tel. (O).................................... (R).................................. Email : .....................................................

Please Find enclosed my demand draft/Cheque No./Cash Date For Rs. Towards

subscription of INVESTMENT MONITOR for a period of 5 Years/3 Years/2 Years/1 Year. The DD should be payable at any bank in Delhi and drawn in favour of “RR Information & Investment Research (P) Ltd.” For outstation cheques please add Rs. 50.

RR Information & Investment Research (P) Ltd.47, Rani Jhansi Marg, New Delhi - 110055

011-23636363/2

09313471048Tollfree : 1800 11 0444

For MTNL/BSNL onlywww.rrfcl.comwww.rrfinance.com

[email protected]

SAVE 300 SAVE 100

SAVE 50 SAVE 25

Get Assured Free Gift

5 Years Plan (Gift) : Research Mail + SMS3 Years Plan (Gift) : Research Mail + SMS 1 Years Plan (Gift) : Research Mail

2 Years Plan(Gift) : Research Mail

Pay Through Bank : Bank Name Axis Bank 007010200014784 RR Information & Investment Research (P) Ltd.

After Payment, Please send mail to [email protected] or send all the details to :-RR Information & Investment Research (P) Ltd., 47, Rani Jhansi Marg, New Delhi 110055

A/C No. Name :

Head Office : 47 MM Road, Rani Jhansi Marg, Jhandewalan, New Delhi -110055, Tel : 011-23636363/62,Fax : 011-23636746

Ahmedabad Office : 401 , Abhijit-1 , Opp. Bhuj Mercantile Bank, Mithakhali 6 Road, Navrangpura, Ahmedabad : 380009, Tel : 079-26467260, 079-26404241, 09327037108

Bangalore Office : S-111, Manipal Centre, 47 Deckinson Road, Bangalore-5 6 0 0 4 2 , T e l : 0 8 0 - 0 9 3 4 3 7 9 5 7 2 7 , 9 4 4 8 2 6 7 6 1 7 , 0 8 0 -25581513,09341940796,0943795727, 30945047

Chennai Office : 3rd Floor, Precision Plaza, New # 397, Teynampet, Anna Salai, Chennai - 600 018, Tel : 044 - 42077370, 42077371, 09382330263, 09382330261

Chandigarh Office : SCO 222-223, Ground Floor, Sector 34-A, Opp. State Library, Chandigarh, Tel :0172-2624896, 2624796, 4620067, 3240150, 0 9316135518

Dehradun Office : 56 first floor, Rajpur Road, Opp. Madhuban Dehradun, Uttranchal- 248001, Tel : 0135-3258181, 09368141585, 09837069717

Jaipur Office : 7, Katewa Bhawan, Opp. Ganpati Plaza , M.I. Road, Jaipur -302001, Tel : 0141-3235456, 5113317, 9314639805

Kolkata Office : 704, Krishna Building, 224 AJC Bose Road, Kolkata-700017, Tel : 033-22802963, 30974687, 09339730866, 9339234900, Fax : 22802964

Lucknow Office : G-32, Shriram Tower, 13-A, Ashok Marg, Lucknow-226001, Tel : 0522-2286518, 2286110, 9335914247, 93505520417 Fax : 2286110

Mumbai Office : 133A, Mittal Towers, A Wing, 13th Floor, Nariman Point, Mumbai 400021, Tel : 9324804084, 9324804086

Vadodara Office : 222, Siddharth Complex, 2nd floor, RC Dutt Road, Alkapuri, Vadodara - 390007, Tel : 09327037108, 9377355576

Delhi Associate division :

Connaught Place Office : N-24, Connaught Place, New Delhi-110001, Tel :011 41523306, 41523229, 9350316008

Faridabad Office : 55, 1st Floor, Near Flyover, Neelam Chowk, NIIT Faridabad 121001, Tel : 95129-2427367, 2427361, 9350316009

Ghaziabad Office : 114, Satyam Complex, Raj Nagar D C, Raj Nagar, Ghaziabad 201002, Tel : 9312940453, 9312056336

Janakpuri Office : 111, Jyotishikar, 8 Distt. Centre, Janakpuri, New Delhi-110018, Tel :011-25617654, 09310684750

Noida Office : P-5, UGF, Ocean Plaza, Sector-18, Noida-201301, Tel : 95120-4336992, 2513989, 9312940493

Pitampura Office : Shop No. 24, FD Market, Nr. Madhuban Chowk, Pitampura, Delhi-110034,Tel : 011-273114419, 9312940490

Preet Vihar Office : 106 Pankaj Chambers, Preet Vihar Community Centre, Delhi-110092, Tel : 42421238-39, 9312940456

Rajendra Place Office : 118, Gagandeep Building , Rajendra Place, New Delhi-110008, Tel : 011-41538956, 41537856, 9350316011

ITO Office :105, Pratap Bhawan, Bahdur Shah Zafar Marg, New Delhi-110001, Tel : 011-41509018, 42512404

Vasant Kunj Office : 105, Anchal Plaza, Plot No. 7, Sec-8, Vasant Kunj, New Delhi-110070, Tel : 26891262, 26134767, 9312940454

V. P. Research Rajesh Sharma [email protected]

V.P. Research Gurmeet katar [email protected]

Research Team- Pradhan [email protected]

Satyendra [email protected]

Rekha Chauhan [email protected]

Designed by - Sudha Kushwaha [email protected]

Media Marketing Exec. Aseem Srivastava [email protected]

Published by Raghunandan Prasad on behalf of RR Information & Investment Research (P) Ltd.,412-422, Indraprakash Building,21, Barakhamba Road, New Delhi-110001

Printed at : Ratna Offset, C-101, D.D.A Complex,Okhla Indl. Area, Phase-I, New Delhi - 110 020.Tel : 41811683, 26816047

This publication is for informational purposes only and contains information, opinion, material obtained from reliable sources and efforts have been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments and the publisher shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. The reproduction of the contents of this magazine in any form or by any means without prior written permission of the publisher is prohibited.All advertisements appearing in this publication are at the sole risk & responsibility of the advertiser.All disputes shall be subject to the exclusive jurisdiction of Delhi courts only.

Volume: XIIssue :(4) April 2010Editor: Rajat Prasad

EDITOR’S DESK

India is poised to overtake China's high growth rate in the next ten years, feels home minister P Chidambaram. And this may not be a far fetched dream as reflected by our economic indicators.

The last decade was remarkable and exciting for India and this decade will be even better. China, the world's sixth largest economy, has recorded an average nine per cent growth over the last two decades, while India has seen growth touch nine per cent only in the three years till 2007-08. But the global financial crisis ate into this progress and growth slipped to 6.7% in 2008-09.

The Planning Commission, at its meeting chaired by Prime Minister Manmohan Singh earlier this month, scaled down India's growth target for the 11th five-year plan period (2007-12) to 8.1% from the previously estimated 9%.

The confidence to grow also stems from the fact that Foreign Direct Investment inflows -- key to growth -- have been increasing rapidly, although they slowed during 2008-09 at the height of the financial crisis. India is also slated to become a part of the United Nations Security Council in this decade showing its growing weight in global arena.

A very important aspect of economic growth is need for metals which are critical inputs for core sectors. Timely availability at reasonable price is necessary to avoid production disruptions and inflation.

The fundamental long-term story of India remains intact, with key drivers of infrastructure, demographics and consumption boom firmly in place. We remain optimistic on the overall capital expenditure and infrastructure spending with its cascading effect on companies related - directly or indirectly - to infrastructure. We recommend largely infrastructure and domestic consumption plays. We are overweight on construction, engineering, capital goods, power utilities, oil & gas, banking, auto and retail sectors. And in most of these sectors, metals are key inputs.

Prices of metals used in power and construction, are on course for a steep gain this year, driven by weakness in the U.S. dollar, robust demand from top consumer China, and improved economic prospects in the U.S. reflected in upbeat data. Counties like China and India have had a huge resurgence in both their economies and their capital markets as a result industrial activities are improving.

Looking at the crucial role of metals and the expected rise in their contribution to India's corporate earnings, we are analyzing their role in this month's cover story.

“Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be

healed by the action of the cells of the economic body - the producers and consumers themselves.”

Page 4: magazine April 2010

Investment Monitor A monthly Investment Magazine based on fundamental & technical research

Subscribe

Now

8Stock Ideas

8Stock Market Monitor

8Market Commentary

8Investor Education

8Insurance Insight

8Mutual Fund Guide

8Commodity Analysis

8Mutual Fund Ready Reckoner

Subscription Form

5 Years (60 Issues) Rs 1200. 3 Years (36 Issues) Rs 800.

2 Years (24 Issues) Rs 550. 1 Years (12 Issues) Rs 275.

First Name : .................................................... Last Name : ............................................................

Age : ........................... Occupation : ...............................................................................................

Address : .........................................................................................................................................

City : .............................................. State : .............................................. Pin : ...............................

Tel. (O).................................... (R).................................. Email : .....................................................

Please Find enclosed my demand draft/Cheque No./Cash Date For Rs. Towards

subscription of INVESTMENT MONITOR for a period of 5 Years/3 Years/2 Years/1 Year. The DD should be payable at any bank in Delhi and drawn in favour of “RR Information & Investment Research (P) Ltd.” For outstation cheques please add Rs. 50.

RR Information & Investment Research (P) Ltd.47, Rani Jhansi Marg, New Delhi - 110055

011-23636363/2

09313471048Tollfree : 1800 11 0444

For MTNL/BSNL onlywww.rrfcl.comwww.rrfinance.com

[email protected]

SAVE 300 SAVE 100

SAVE 50 SAVE 25

Get Assured Free Gift

5 Years Plan (Gift) : Research Mail + SMS3 Years Plan (Gift) : Research Mail + SMS 1 Years Plan (Gift) : Research Mail

2 Years Plan(Gift) : Research Mail

Pay Through Bank : Bank Name Axis Bank 007010200014784 RR Information & Investment Research (P) Ltd.

After Payment, Please send mail to [email protected] or send all the details to :-RR Information & Investment Research (P) Ltd., 47, Rani Jhansi Marg, New Delhi 110055

A/C No. Name :

Head Office : 47 MM Road, Rani Jhansi Marg, Jhandewalan, New Delhi -110055, Tel : 011-23636363/62,Fax : 011-23636746

Ahmedabad Office : 401 , Abhijit-1 , Opp. Bhuj Mercantile Bank, Mithakhali 6 Road, Navrangpura, Ahmedabad : 380009, Tel : 079-26467260, 079-26404241, 09327037108

Bangalore Office : S-111, Manipal Centre, 47 Deckinson Road, Bangalore-5 6 0 0 4 2 , T e l : 0 8 0 - 0 9 3 4 3 7 9 5 7 2 7 , 9 4 4 8 2 6 7 6 1 7 , 0 8 0 -25581513,09341940796,0943795727, 30945047

Chennai Office : 3rd Floor, Precision Plaza, New # 397, Teynampet, Anna Salai, Chennai - 600 018, Tel : 044 - 42077370, 42077371, 09382330263, 09382330261

Chandigarh Office : SCO 222-223, Ground Floor, Sector 34-A, Opp. State Library, Chandigarh, Tel :0172-2624896, 2624796, 4620067, 3240150, 0 9316135518

Dehradun Office : 56 first floor, Rajpur Road, Opp. Madhuban Dehradun, Uttranchal- 248001, Tel : 0135-3258181, 09368141585, 09837069717

Jaipur Office : 7, Katewa Bhawan, Opp. Ganpati Plaza , M.I. Road, Jaipur -302001, Tel : 0141-3235456, 5113317, 9314639805

Kolkata Office : 704, Krishna Building, 224 AJC Bose Road, Kolkata-700017, Tel : 033-22802963, 30974687, 09339730866, 9339234900, Fax : 22802964

Lucknow Office : G-32, Shriram Tower, 13-A, Ashok Marg, Lucknow-226001, Tel : 0522-2286518, 2286110, 9335914247, 93505520417 Fax : 2286110

Mumbai Office : 133A, Mittal Towers, A Wing, 13th Floor, Nariman Point, Mumbai 400021, Tel : 9324804084, 9324804086

Vadodara Office : 222, Siddharth Complex, 2nd floor, RC Dutt Road, Alkapuri, Vadodara - 390007, Tel : 09327037108, 9377355576

Delhi Associate division :

Connaught Place Office : N-24, Connaught Place, New Delhi-110001, Tel :011 41523306, 41523229, 9350316008

Faridabad Office : 55, 1st Floor, Near Flyover, Neelam Chowk, NIIT Faridabad 121001, Tel : 95129-2427367, 2427361, 9350316009

Ghaziabad Office : 114, Satyam Complex, Raj Nagar D C, Raj Nagar, Ghaziabad 201002, Tel : 9312940453, 9312056336

Janakpuri Office : 111, Jyotishikar, 8 Distt. Centre, Janakpuri, New Delhi-110018, Tel :011-25617654, 09310684750

Noida Office : P-5, UGF, Ocean Plaza, Sector-18, Noida-201301, Tel : 95120-4336992, 2513989, 9312940493

Pitampura Office : Shop No. 24, FD Market, Nr. Madhuban Chowk, Pitampura, Delhi-110034,Tel : 011-273114419, 9312940490

Preet Vihar Office : 106 Pankaj Chambers, Preet Vihar Community Centre, Delhi-110092, Tel : 42421238-39, 9312940456

Rajendra Place Office : 118, Gagandeep Building , Rajendra Place, New Delhi-110008, Tel : 011-41538956, 41537856, 9350316011

ITO Office :105, Pratap Bhawan, Bahdur Shah Zafar Marg, New Delhi-110001, Tel : 011-41509018, 42512404

Vasant Kunj Office : 105, Anchal Plaza, Plot No. 7, Sec-8, Vasant Kunj, New Delhi-110070, Tel : 26891262, 26134767, 9312940454

V. P. Research Rajesh Sharma [email protected]

V.P. Research Gurmeet katar [email protected]

Research Team- Pradhan [email protected]

Satyendra [email protected]

Rekha Chauhan [email protected]

Designed by - Sudha Kushwaha [email protected]

Media Marketing Exec. Aseem Srivastava [email protected]

Published by Raghunandan Prasad on behalf of RR Information & Investment Research (P) Ltd.,412-422, Indraprakash Building,21, Barakhamba Road, New Delhi-110001

Printed at : Ratna Offset, C-101, D.D.A Complex,Okhla Indl. Area, Phase-I, New Delhi - 110 020.Tel : 41811683, 26816047

This publication is for informational purposes only and contains information, opinion, material obtained from reliable sources and efforts have been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments and the publisher shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. The reproduction of the contents of this magazine in any form or by any means without prior written permission of the publisher is prohibited.All advertisements appearing in this publication are at the sole risk & responsibility of the advertiser.All disputes shall be subject to the exclusive jurisdiction of Delhi courts only.

Volume: XIIssue :(4) April 2010Editor: Rajat Prasad

EDITOR’S DESK

India is poised to overtake China's high growth rate in the next ten years, feels home minister P Chidambaram. And this may not be a far fetched dream as reflected by our economic indicators.

The last decade was remarkable and exciting for India and this decade will be even better. China, the world's sixth largest economy, has recorded an average nine per cent growth over the last two decades, while India has seen growth touch nine per cent only in the three years till 2007-08. But the global financial crisis ate into this progress and growth slipped to 6.7% in 2008-09.

The Planning Commission, at its meeting chaired by Prime Minister Manmohan Singh earlier this month, scaled down India's growth target for the 11th five-year plan period (2007-12) to 8.1% from the previously estimated 9%.

The confidence to grow also stems from the fact that Foreign Direct Investment inflows -- key to growth -- have been increasing rapidly, although they slowed during 2008-09 at the height of the financial crisis. India is also slated to become a part of the United Nations Security Council in this decade showing its growing weight in global arena.

A very important aspect of economic growth is need for metals which are critical inputs for core sectors. Timely availability at reasonable price is necessary to avoid production disruptions and inflation.

The fundamental long-term story of India remains intact, with key drivers of infrastructure, demographics and consumption boom firmly in place. We remain optimistic on the overall capital expenditure and infrastructure spending with its cascading effect on companies related - directly or indirectly - to infrastructure. We recommend largely infrastructure and domestic consumption plays. We are overweight on construction, engineering, capital goods, power utilities, oil & gas, banking, auto and retail sectors. And in most of these sectors, metals are key inputs.

Prices of metals used in power and construction, are on course for a steep gain this year, driven by weakness in the U.S. dollar, robust demand from top consumer China, and improved economic prospects in the U.S. reflected in upbeat data. Counties like China and India have had a huge resurgence in both their economies and their capital markets as a result industrial activities are improving.

Looking at the crucial role of metals and the expected rise in their contribution to India's corporate earnings, we are analyzing their role in this month's cover story.

“Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be

healed by the action of the cells of the economic body - the producers and consumers themselves.”

Page 5: magazine April 2010

April,2010 [5]

1

April,2010 [4]

News

Mutual FundNews

1.UTI MUTUAL FUND REVISES EXIT LOAD STRUCTURE UNDER UTI SHORT TERM INCOME FUND

UTI Fund has revised the exit load structure under UTI Short Term Income Fund. As per the revision, the scheme will hence forth not charge any exit load. The revision has been effective from 22nd March, 2010. Currently the scheme charges an exit load of 1 per cent if the investments are redeemed within 90 days from the date of allotment. UTI Short Term Income Fund is an open ended income scheme with the investment objective to generate steady and reasonable income with low risk and high level of liquidity from a portfolio of money market securities and high quality debt The scheme is managed by Mr. Sanjeev Bhasin and Mr. Puneet Pal and is benchmarked against CRISIL Short-Term Bond Fund Index.

2.SBI MUTUAL FUND INTRODUCES NEW PAYMENT FACILITY

SBI Mutual Fund has decided to introduce the new payment facility through State Bank of India (SBI) ATM Cum Debit Card for online transaction of its website for its investors. The facility is available under the all schemes except SBI Magnum Insta Cash Fund, SBI Magnum Insta Cash Fund - Liquid Floater, SBI Premier Liquid Fund and SBI Short Horizon Debt Fund - Ultra Short Term Fund. The facility will be effective from 22nd March, 2010. State Bank of India will be set maximum amount of investment through this facility from time to time.

3.BARODA PIONEER MUTUAL FUND REVISES EXIT LOAD UNDER BARODA PIONEER PSU BOND FUND

Baroda Pioneer Mutual Fund has revised the exit load structure under Baroda Pioneer PSU Bond Fund. After the revision, the scheme will charge an exit load of 0.50 per cent if units are redeemed within 30 days from the date of allotment. Currently the scheme charges 0.50 per cent if units are redeemed within 90 days from the date of allotment. The change will be effective from 19th March, 2010. Baroda Pioneer PSU Bond Fund is an open ended debt income scheme with investment objective to generate stable returns with lower risk by investing in fixed income instruments of Public Sector Undertakings (PSUs) - banks, financial institutions and companies. The scheme is managed by Mr. Alok Kumar Sahoo and Ms. Hetal Shah and is benchmarked against Crisil Composite Bond Fund Index.

4.S E B I A N N O U N C E S REDUCTION IN NFO PERIOD AND ADDITIONAL MODE OF PAYMENT

Securities Exchange Board of India (SEBI) has announced reduction in period of New Fund Offer (NFO) and additional mode of payment through Application Supported by Blocked Amount (ASBA) in mutual fund. SEBI has decided to reduce the NFO period to 15 days from 30-45 days to ensure that the investors money is not blocked for longer period and also to make NFO process efficient. In case of ELSS schemes the NFO period will remain unchanged. SEBI will extend the ASBA facility to the NFO investors of mutual fund schemes which were earlier enjoyed by investors subscribing to public issue of equity capital of companies. SEBI plans to make this facility available for the investor, for all NFOs launched on or after 01st July, 2010.

5.B E N C H M A R K M U T U A L F U N D REVISES EXIT LOAD STRUCTURE UNDER BENCHMARK S&P CNX 500 FUND

Benchmark Fund has revised the exit load structure under Benchmark S&P CNX 500 Fund. After the revision, the scheme will charge an exit load of 1.50 per cent if units are redeemed within one year from the date of allotment. The change will be effective from 12th March, 2010. Benchmark S&P CNX 500 Fund is an open ended equity index scheme with investment objective to generate capital appreciation through equity investments by investing in securities which are constituents of S&P CNX 500 Index in the same proportion as in the index. The scheme is managed by Mr. Vishal Jain and is benchmarked against CNX 500.

6.

ICICI Prudential Fund has declared that ICICI Prudential Fusion Fund Series II which is a close ended scheme will be converted to an open ended scheme. The change will be effective from 31st March, 2010. Investors who do not agree with the conversion may redeem or switch their units on or before 30th March, 2010 without paying any exit load. After the conversion into open ended, the scheme will not charge any exit load. The scheme is benchmarked against S&P Nifty and is managed by Mr. Sanjay Parekh.

ICICI PRUDENTIAL MUTUAL FUND CONVERTS ICICI PRUDENTIAL FUSION FUND SERIES II INTO OPEN ENDED SCHEME

NTPC, GPCL tie up for 500 MW power projects in Gujarat

State-owned NTPC today has signed an agreement with Gujarat Power Corporation for executing 500 MW renewable power projects in the state. NTPC Ltd and Gujarat Power Corporation Ltd (GPCL) has signed a Memorandum of Understanding (MoU) for development of 500 MW renewable energy based projects, preferably wind and solar energy in the state. The MoU was inked by General Manager NTPC R K Sikri and General Manager GPCL Y C Potdar in the presence of Union Minister of State for Power (MOSP) Bharatsinh Solanki and Minister of State (Energy & Petrochemicals), Gujarat, Saurabhai Patel.

L&T bags Rs 9.77 bn contractLarsen & Toubro (L&T) has been awarded Rs 9.77 billion contract by the Ministry of Defense for the design and construction of 36 high speed interceptor boats for the Indian Coast Guard. The contact is one of the main initiatives being taken by the government to strengthen coastal security. The inceptor boats will feature aluminum alloy hull construction with water jet propulsion to enable quick response which is vital for such applications. These boats are expected to significantly enhance coastal security

Lupin arm bags FDA tentative nod for insomnia tabletsPharma major Lupin US subsidiary, Lupin Pharmaceuticals (LPI) has received tentative approval for the company`s Abbreviated New Drug Application (ANDA) for Eszopiclone tablets, 1 mg, 2 mg and 3 mg from the US Food and Drug Administration (USFDA). The company said its Eszopiclone tablets are the AB-rated generic equivalent of Sepracor`s LUNESTA tablets, indicated for the treatment of insomnia.

HCC to acquire Swiss realty firm for Rs150 crHindustan Construction Company (HCC) will acquire 66% stake in Karl Steiner AG, the second largest operator in the Swiss real estate market, for 35 million Swiss Franc (about Rs150 crore) in an all-cash deal.The board of HCC approved the acquisition of 66% stake in cash through issuance of fresh shares in Karl Steiner AG (KSAG) worth 35 million Swiss Francs. As part of the deal, HCC would acquire the remaining 34% stake in KSAG from its sole owner Peter Steiner in 2014. The shares will be sold at a pre-agreed price based on KSAG's earnings achieved between 2010-2013.KSAG will utilise the fund to expand its Swiss operations and the growth of its core business in India's real estate market, the filing added.The deal is expected to close in the first quarter of the next fiscal.

Fortis buys 23.9% in Singapore's Parkway

In a deal that could make Fortis Healthcare Ltd the largest hospital company from India in terms of number of beds, and give it a presence across Asia, the firm acquired a 23.9% stake in Singapore-based Parkway Holdings Ltd, one of the largest healthcare service providers in Asia. The $685.3 million (Rs3,118 crore) deal is the largest acquisition made by an Indian healthcare services firm.Fortis acquired the entire stake of investment firm TPG Capital in Parkway in an off-market deal. Under the contours of the deal, Fortis will get four seats on the board of directors of Parkway and Malvinder Mohan Singh, currently the group chairman of Fortis Healthcare, will be the chairman of the

board of directors of Parkway.

GAIL, Interoil in talk for stake in Papua New Guinea project

State-owned gas utility GAIL India is talking to Canadian oil firm Interoil Corp for a possible stake in its proposed liquefied natural gas (LNG) project in Papua New Guinea. Papua New Guinea last year granted initial approvals for the Pacific nation's second LNG project, which would follow a plant proposed by an Exxon Mobil Corp-led venture. The venture would cost about $5 billion for a plant producing 3.5 million tonnes a year of LNG, with shipments due to start in 2014. LNG is natural gas chilled to liquid form for transportation by tankers to destinations not connected by pipeline.

Page 6: magazine April 2010

April,2010 [5]

1

April,2010 [4]

News

Mutual FundNews

1.UTI MUTUAL FUND REVISES EXIT LOAD STRUCTURE UNDER UTI SHORT TERM INCOME FUND

UTI Fund has revised the exit load structure under UTI Short Term Income Fund. As per the revision, the scheme will hence forth not charge any exit load. The revision has been effective from 22nd March, 2010. Currently the scheme charges an exit load of 1 per cent if the investments are redeemed within 90 days from the date of allotment. UTI Short Term Income Fund is an open ended income scheme with the investment objective to generate steady and reasonable income with low risk and high level of liquidity from a portfolio of money market securities and high quality debt The scheme is managed by Mr. Sanjeev Bhasin and Mr. Puneet Pal and is benchmarked against CRISIL Short-Term Bond Fund Index.

2.SBI MUTUAL FUND INTRODUCES NEW PAYMENT FACILITY

SBI Mutual Fund has decided to introduce the new payment facility through State Bank of India (SBI) ATM Cum Debit Card for online transaction of its website for its investors. The facility is available under the all schemes except SBI Magnum Insta Cash Fund, SBI Magnum Insta Cash Fund - Liquid Floater, SBI Premier Liquid Fund and SBI Short Horizon Debt Fund - Ultra Short Term Fund. The facility will be effective from 22nd March, 2010. State Bank of India will be set maximum amount of investment through this facility from time to time.

3.BARODA PIONEER MUTUAL FUND REVISES EXIT LOAD UNDER BARODA PIONEER PSU BOND FUND

Baroda Pioneer Mutual Fund has revised the exit load structure under Baroda Pioneer PSU Bond Fund. After the revision, the scheme will charge an exit load of 0.50 per cent if units are redeemed within 30 days from the date of allotment. Currently the scheme charges 0.50 per cent if units are redeemed within 90 days from the date of allotment. The change will be effective from 19th March, 2010. Baroda Pioneer PSU Bond Fund is an open ended debt income scheme with investment objective to generate stable returns with lower risk by investing in fixed income instruments of Public Sector Undertakings (PSUs) - banks, financial institutions and companies. The scheme is managed by Mr. Alok Kumar Sahoo and Ms. Hetal Shah and is benchmarked against Crisil Composite Bond Fund Index.

4.S E B I A N N O U N C E S REDUCTION IN NFO PERIOD AND ADDITIONAL MODE OF PAYMENT

Securities Exchange Board of India (SEBI) has announced reduction in period of New Fund Offer (NFO) and additional mode of payment through Application Supported by Blocked Amount (ASBA) in mutual fund. SEBI has decided to reduce the NFO period to 15 days from 30-45 days to ensure that the investors money is not blocked for longer period and also to make NFO process efficient. In case of ELSS schemes the NFO period will remain unchanged. SEBI will extend the ASBA facility to the NFO investors of mutual fund schemes which were earlier enjoyed by investors subscribing to public issue of equity capital of companies. SEBI plans to make this facility available for the investor, for all NFOs launched on or after 01st July, 2010.

5.B E N C H M A R K M U T U A L F U N D REVISES EXIT LOAD STRUCTURE UNDER BENCHMARK S&P CNX 500 FUND

Benchmark Fund has revised the exit load structure under Benchmark S&P CNX 500 Fund. After the revision, the scheme will charge an exit load of 1.50 per cent if units are redeemed within one year from the date of allotment. The change will be effective from 12th March, 2010. Benchmark S&P CNX 500 Fund is an open ended equity index scheme with investment objective to generate capital appreciation through equity investments by investing in securities which are constituents of S&P CNX 500 Index in the same proportion as in the index. The scheme is managed by Mr. Vishal Jain and is benchmarked against CNX 500.

6.

ICICI Prudential Fund has declared that ICICI Prudential Fusion Fund Series II which is a close ended scheme will be converted to an open ended scheme. The change will be effective from 31st March, 2010. Investors who do not agree with the conversion may redeem or switch their units on or before 30th March, 2010 without paying any exit load. After the conversion into open ended, the scheme will not charge any exit load. The scheme is benchmarked against S&P Nifty and is managed by Mr. Sanjay Parekh.

ICICI PRUDENTIAL MUTUAL FUND CONVERTS ICICI PRUDENTIAL FUSION FUND SERIES II INTO OPEN ENDED SCHEME

NTPC, GPCL tie up for 500 MW power projects in Gujarat

State-owned NTPC today has signed an agreement with Gujarat Power Corporation for executing 500 MW renewable power projects in the state. NTPC Ltd and Gujarat Power Corporation Ltd (GPCL) has signed a Memorandum of Understanding (MoU) for development of 500 MW renewable energy based projects, preferably wind and solar energy in the state. The MoU was inked by General Manager NTPC R K Sikri and General Manager GPCL Y C Potdar in the presence of Union Minister of State for Power (MOSP) Bharatsinh Solanki and Minister of State (Energy & Petrochemicals), Gujarat, Saurabhai Patel.

L&T bags Rs 9.77 bn contractLarsen & Toubro (L&T) has been awarded Rs 9.77 billion contract by the Ministry of Defense for the design and construction of 36 high speed interceptor boats for the Indian Coast Guard. The contact is one of the main initiatives being taken by the government to strengthen coastal security. The inceptor boats will feature aluminum alloy hull construction with water jet propulsion to enable quick response which is vital for such applications. These boats are expected to significantly enhance coastal security

Lupin arm bags FDA tentative nod for insomnia tabletsPharma major Lupin US subsidiary, Lupin Pharmaceuticals (LPI) has received tentative approval for the company`s Abbreviated New Drug Application (ANDA) for Eszopiclone tablets, 1 mg, 2 mg and 3 mg from the US Food and Drug Administration (USFDA). The company said its Eszopiclone tablets are the AB-rated generic equivalent of Sepracor`s LUNESTA tablets, indicated for the treatment of insomnia.

HCC to acquire Swiss realty firm for Rs150 crHindustan Construction Company (HCC) will acquire 66% stake in Karl Steiner AG, the second largest operator in the Swiss real estate market, for 35 million Swiss Franc (about Rs150 crore) in an all-cash deal.The board of HCC approved the acquisition of 66% stake in cash through issuance of fresh shares in Karl Steiner AG (KSAG) worth 35 million Swiss Francs. As part of the deal, HCC would acquire the remaining 34% stake in KSAG from its sole owner Peter Steiner in 2014. The shares will be sold at a pre-agreed price based on KSAG's earnings achieved between 2010-2013.KSAG will utilise the fund to expand its Swiss operations and the growth of its core business in India's real estate market, the filing added.The deal is expected to close in the first quarter of the next fiscal.

Fortis buys 23.9% in Singapore's Parkway

In a deal that could make Fortis Healthcare Ltd the largest hospital company from India in terms of number of beds, and give it a presence across Asia, the firm acquired a 23.9% stake in Singapore-based Parkway Holdings Ltd, one of the largest healthcare service providers in Asia. The $685.3 million (Rs3,118 crore) deal is the largest acquisition made by an Indian healthcare services firm.Fortis acquired the entire stake of investment firm TPG Capital in Parkway in an off-market deal. Under the contours of the deal, Fortis will get four seats on the board of directors of Parkway and Malvinder Mohan Singh, currently the group chairman of Fortis Healthcare, will be the chairman of the

board of directors of Parkway.

GAIL, Interoil in talk for stake in Papua New Guinea project

State-owned gas utility GAIL India is talking to Canadian oil firm Interoil Corp for a possible stake in its proposed liquefied natural gas (LNG) project in Papua New Guinea. Papua New Guinea last year granted initial approvals for the Pacific nation's second LNG project, which would follow a plant proposed by an Exxon Mobil Corp-led venture. The venture would cost about $5 billion for a plant producing 3.5 million tonnes a year of LNG, with shipments due to start in 2014. LNG is natural gas chilled to liquid form for transportation by tankers to destinations not connected by pipeline.

Page 7: magazine April 2010

April , 2010 [6]

Indian Market World Market

April, 2010 [7]

4528

-0.7

5% 2210

1.27%Security Name 24/03/10 24/02/10 stock returns % Market Cap Latest P/E RatioACC 977.85 917.25 6.61 18358.16 11.96B H E L 2372.8 2375.2 -0.10 116153.3 30.98Bharti Airtel 311.85 276.35 12.85 118423.16 12.64DLF 312.7 289.25 8.11 53077.7 136.55Grasim Inds 2913.95 2656.45 9.69 26715.09 12.22H D F C 2693.05 2464.2 9.29 77177.43 29.31HDFC Bank 1818.2 1687.45 7.75 83088.1 30.29Hind. Unilever 228.55 235.35 -2.89 50550.69 23.2Hindalco Inds. 175.5 153 14.71 33588.95 22.1ICICI Bank 954.85 851.4 12.15 106429.49 28.28Infosys Tech. 2775.1 2612.45 6.23 159163.08 26.79ITC 260.45 247.3 5.32 99241.87 25.84JP Associates 153.4 129.4 18.55 32591.36 37.23Larsen & Toubro 1620.7 1536.85 5.46 97598.55 31.79M & M 1073.3 958.85 11.94 31041.98 16.61Maruti Suzuki 1429 1401.05 1.99 41286.67 19.81NTPC 202.75 200.2 1.27 167176.7 18.95O N G C 1056.05 1108.2 -4.71 225875.36 14.86Ranbaxy Labs. 467.05 454.05 2.86 19640.39 34.34Rel. Comm. 167.65 154.9 8.23 34603.3 25.25Reliance Inds. 1089.8 964.35 13.01 356400.56 23.22Reliance Infra. 1024.15 959.15 6.78 23188.8 18.6St Bk of India 2058.5 1914.45 7.52 130690.05 13.01Sterlite Inds. 825.15 751.25 9.84 69345.61 88.92Sun Pharma. 1696.2 1522.7 11.39 35131.7 32.92Tata Motors 783.7 668.7 17.20 42648.17 25.49Tata Power Co. 1357.05 1265.05 7.27 32204.15 30.3Tata Steel 643.65 567.35 13.45 57105.27 13.15TCS 820.2 766.75 6.97 160529.55 30.37Wipro 725.95 670.15 8.33 106576.72 23.67

Review &

Analysis

Bank Gainers

Bank GainersCompany 25/03/2010 24/02/10 %changeUnion Bank (I) 281.05 251.2 11.88HDFC Bank 1884.75 1687.45 11.69Punjab Natl.Bank 970.4 878.7 10.44Bank of Baroda 624.85 570.8 9.47ICICI Bank 925.6 851.4 8.72

Auto Gainer

Company 25/03/2010 24/02/10 %changeApollo Tyres 73.05 56.35 29.64MRF 7154.95 5597.95 27.81Escorts 152.9 127.05 20.35Hero Honda Motor 1937.45 1687.95 14.78Ashok Leyland 53.6 46.8 14.53

Metal Gainer

Company 25/03/2010 24/02/10 %changeJai Corp 271 228.25 18.73Sesa Goa 448.8 379.45 18.28JSW Steel 1267.4 1081.7 17.17Welsp.Guj.Stahl 277 237.75 16.51Jindal Saw 219.9 189.4 16.10

Mid Cap Gainer

Company 25/03/2010 24/02/10 %changeEngineers India 2426.2 1868.6 29.84Apollo Tyres 73.05 56.35 29.64MRF 7154.95 5597.95 27.81Whirlpool India 168.75 133.45 26.45Mahindra Holiday 527.85 423.55 24.63

Oil Losers

Company 25/03/2010 24/02/10 %changeH P C L 313.2 354.8 -11.72B P C L 511.4 567 -9.81I O C L 299.55 321.3 -6.77O N G C 1068.7 1108.2 -3.56GAIL (India) 407.45 399.1 2.09

Realty Gainers

Company 25/03/2010 24/02/10 %changeOrbit Corpn. 271.1 239.75 13.08Ackruti City 530.25 484.8 9.38Ansal Properties 75 69.35 8.15Sobha Developer. 275.5 258.45 6.60Anant Raj Inds 130.55 122.85 6.27

BSE Metals1598910.68%

BSE Auto68468.94%

BSE Bank95838.29%

BSE Capital Goods131655.82%

BSE Oil & Gas95936.03%

BSE PSU9118

%-1.26

BSE_ Sensex16255 7.32%

Nifty49365.75%

Dow103214.50%

Nasdaq22387.02%

Hang Seng206082.63%

Nikkei101266.44%

Page 8: magazine April 2010

April , 2010 [6]

Indian Market World Market

April, 2010 [7]

4528

-0.7

5% 2210

1.27%Security Name 24/03/10 24/02/10 stock returns % Market Cap Latest P/E RatioACC 977.85 917.25 6.61 18358.16 11.96B H E L 2372.8 2375.2 -0.10 116153.3 30.98Bharti Airtel 311.85 276.35 12.85 118423.16 12.64DLF 312.7 289.25 8.11 53077.7 136.55Grasim Inds 2913.95 2656.45 9.69 26715.09 12.22H D F C 2693.05 2464.2 9.29 77177.43 29.31HDFC Bank 1818.2 1687.45 7.75 83088.1 30.29Hind. Unilever 228.55 235.35 -2.89 50550.69 23.2Hindalco Inds. 175.5 153 14.71 33588.95 22.1ICICI Bank 954.85 851.4 12.15 106429.49 28.28Infosys Tech. 2775.1 2612.45 6.23 159163.08 26.79ITC 260.45 247.3 5.32 99241.87 25.84JP Associates 153.4 129.4 18.55 32591.36 37.23Larsen & Toubro 1620.7 1536.85 5.46 97598.55 31.79M & M 1073.3 958.85 11.94 31041.98 16.61Maruti Suzuki 1429 1401.05 1.99 41286.67 19.81NTPC 202.75 200.2 1.27 167176.7 18.95O N G C 1056.05 1108.2 -4.71 225875.36 14.86Ranbaxy Labs. 467.05 454.05 2.86 19640.39 34.34Rel. Comm. 167.65 154.9 8.23 34603.3 25.25Reliance Inds. 1089.8 964.35 13.01 356400.56 23.22Reliance Infra. 1024.15 959.15 6.78 23188.8 18.6St Bk of India 2058.5 1914.45 7.52 130690.05 13.01Sterlite Inds. 825.15 751.25 9.84 69345.61 88.92Sun Pharma. 1696.2 1522.7 11.39 35131.7 32.92Tata Motors 783.7 668.7 17.20 42648.17 25.49Tata Power Co. 1357.05 1265.05 7.27 32204.15 30.3Tata Steel 643.65 567.35 13.45 57105.27 13.15TCS 820.2 766.75 6.97 160529.55 30.37Wipro 725.95 670.15 8.33 106576.72 23.67

Review &

Analysis

Bank Gainers

Bank GainersCompany 25/03/2010 24/02/10 %changeUnion Bank (I) 281.05 251.2 11.88HDFC Bank 1884.75 1687.45 11.69Punjab Natl.Bank 970.4 878.7 10.44Bank of Baroda 624.85 570.8 9.47ICICI Bank 925.6 851.4 8.72

Auto Gainer

Company 25/03/2010 24/02/10 %changeApollo Tyres 73.05 56.35 29.64MRF 7154.95 5597.95 27.81Escorts 152.9 127.05 20.35Hero Honda Motor 1937.45 1687.95 14.78Ashok Leyland 53.6 46.8 14.53

Metal Gainer

Company 25/03/2010 24/02/10 %changeJai Corp 271 228.25 18.73Sesa Goa 448.8 379.45 18.28JSW Steel 1267.4 1081.7 17.17Welsp.Guj.Stahl 277 237.75 16.51Jindal Saw 219.9 189.4 16.10

Mid Cap Gainer

Company 25/03/2010 24/02/10 %changeEngineers India 2426.2 1868.6 29.84Apollo Tyres 73.05 56.35 29.64MRF 7154.95 5597.95 27.81Whirlpool India 168.75 133.45 26.45Mahindra Holiday 527.85 423.55 24.63

Oil Losers

Company 25/03/2010 24/02/10 %changeH P C L 313.2 354.8 -11.72B P C L 511.4 567 -9.81I O C L 299.55 321.3 -6.77O N G C 1068.7 1108.2 -3.56GAIL (India) 407.45 399.1 2.09

Realty Gainers

Company 25/03/2010 24/02/10 %changeOrbit Corpn. 271.1 239.75 13.08Ackruti City 530.25 484.8 9.38Ansal Properties 75 69.35 8.15Sobha Developer. 275.5 258.45 6.60Anant Raj Inds 130.55 122.85 6.27

BSE Metals1598910.68%

BSE Auto68468.94%

BSE Bank95838.29%

BSE Capital Goods131655.82%

BSE Oil & Gas95936.03%

BSE PSU9118

%-1.26

BSE_ Sensex16255 7.32%

Nifty49365.75%

Dow103214.50%

Nasdaq22387.02%

Hang Seng206082.63%

Nikkei101266.44%

Page 9: magazine April 2010

indicator

April, 2010 [8] April, 2010 [9]

PRIME ECONOMIC INDICATOR

Gold Mumbai

16727

1648016300

16400

16500

16600

16700

16800

March Feb

1183320

1160432

1140000

1150000

1160000

1170000

1180000

1190000

March Feb

Forex

46.1

45

44

44.5

45

45.5

46

46.5

March Feb

Rupee Brent Crude

79

81

78

78.5

79

79.5

80

80.5

81

81.5

March Feb

8.56

9.89

7.5

8

8.5

9

9.5

10

March Feb

inflation

3.25

3.5

3.13.15

3.23.25

3.33.35

3.43.45

3.53.55

March Feb

Call Rate

G Sec

7.9

7.8

7.747.767.787.8

7.827.847.867.887.9

7.92

March Feb

G Sec

Sensex

17423

1625515500

16000

16500

17000

17500

18000

March Feb

At a time when war clouds are hovering, it

always makes sense to scout around for

safe investment options. As you are

aware, fixed income products are the best

bet in times of uncertainty. Though even

interest rates have been fluctuating in

recent times, you will still get the rate of

interest promised by the borrower at the

time of investing. There are institutions

that come out with periodic ratings of

companies and their investment

products. The interest rate offered by a

'triple A' rated company is always slightly

lower than a company that has lower

credit rating.

Analyze before investing in FDs

“With fixed deposit rates from banks coming down, investors seeking higher returns from fixed income products are investing in company fixed deposits. Company fixed deposits work for investors seeking assured returns higher than that offered by bank fixed deposits.

Here are some key points which one need to keep in mind while investing in company fixed deposits.

Security

repayment of Rs 1 lakh in case of default.such guarantee offered in company deposits and the safety of your deposit depends on the financial position of the company. This means, as a depositor, you have no lien on any asset of the company, in case it goes into financial difficulties and is wound up. Your turn to get your money back would come only when secured lenders have been paid. So do not invest in unknown companies.

There is no

Risk v/s return Today, investors could expect around 5-8% from income funds, depending upon whether it's an ultra liquid fund or a long-dated income fund. Schemes like the post office NSC and PPF give you an 8% return, but are locked in for six years and 15 years, respectively. A corporate like Tata Motors or Mahindra & Mahindra would offer you an interest rate of 8-8.5% while smaller companies like Unitech Ltd or Ind Swift offer you an interest of 11-12% for a year. It's a simple investment ph i lo sophy. “ You t rade re tu rn fo r r i s k ” .

Definitely, the risk involved while investing in smaller companies is higher. Unless you need income regularly, you should prefer cumulative schemes to regular income

Check parentage & financials

If a company has made a one-off exceptional loss in a particular year, but has a good parentage and past track record, you could consider i t .

Also, it is important to check the servicing standards of the company. How quick they are in dispatching interest warrants and principal amount is something you should know. However, if the company is relatively new, or has been making losses continuously and its promoters are relatively unknown, then it would be better to avoid it.

options since the interest earned automatically gets reinvested at the same coupon rate, resulting in better yields.

Fixed Deposit

Company fixed deposits are unsecured. In case of bank fixed deposits, the Deposit Insurance and Credit Guarantee Corporation of India guarantees

You can check with distributors about the credentials of the promoters and their past track record. Opt for companies that pay dividends and are profit making. Avoid loss-making companies or those who do not pay dividends.

Page 10: magazine April 2010

indicator

April, 2010 [8] April, 2010 [9]

PRIME ECONOMIC INDICATOR

Gold Mumbai

16727

1648016300

16400

16500

16600

16700

16800

March Feb

1183320

1160432

1140000

1150000

1160000

1170000

1180000

1190000

March Feb

Forex

46.1

45

44

44.5

45

45.5

46

46.5

March Feb

Rupee Brent Crude

79

81

78

78.5

79

79.5

80

80.5

81

81.5

March Feb

8.56

9.89

7.5

8

8.5

9

9.5

10

March Feb

inflation

3.25

3.5

3.13.15

3.23.25

3.33.35

3.43.45

3.53.55

March Feb

Call Rate

G Sec

7.9

7.8

7.747.767.787.8

7.827.847.867.887.9

7.92

March Feb

G Sec

Sensex

17423

1625515500

16000

16500

17000

17500

18000

March Feb

At a time when war clouds are hovering, it

always makes sense to scout around for

safe investment options. As you are

aware, fixed income products are the best

bet in times of uncertainty. Though even

interest rates have been fluctuating in

recent times, you will still get the rate of

interest promised by the borrower at the

time of investing. There are institutions

that come out with periodic ratings of

companies and their investment

products. The interest rate offered by a

'triple A' rated company is always slightly

lower than a company that has lower

credit rating.

Analyze before investing in FDs

“With fixed deposit rates from banks coming down, investors seeking higher returns from fixed income products are investing in company fixed deposits. Company fixed deposits work for investors seeking assured returns higher than that offered by bank fixed deposits.

Here are some key points which one need to keep in mind while investing in company fixed deposits.

Security

repayment of Rs 1 lakh in case of default.such guarantee offered in company deposits and the safety of your deposit depends on the financial position of the company. This means, as a depositor, you have no lien on any asset of the company, in case it goes into financial difficulties and is wound up. Your turn to get your money back would come only when secured lenders have been paid. So do not invest in unknown companies.

There is no

Risk v/s return Today, investors could expect around 5-8% from income funds, depending upon whether it's an ultra liquid fund or a long-dated income fund. Schemes like the post office NSC and PPF give you an 8% return, but are locked in for six years and 15 years, respectively. A corporate like Tata Motors or Mahindra & Mahindra would offer you an interest rate of 8-8.5% while smaller companies like Unitech Ltd or Ind Swift offer you an interest of 11-12% for a year. It's a simple investment ph i lo sophy. “ You t rade re tu rn fo r r i s k ” .

Definitely, the risk involved while investing in smaller companies is higher. Unless you need income regularly, you should prefer cumulative schemes to regular income

Check parentage & financials

If a company has made a one-off exceptional loss in a particular year, but has a good parentage and past track record, you could consider i t .

Also, it is important to check the servicing standards of the company. How quick they are in dispatching interest warrants and principal amount is something you should know. However, if the company is relatively new, or has been making losses continuously and its promoters are relatively unknown, then it would be better to avoid it.

options since the interest earned automatically gets reinvested at the same coupon rate, resulting in better yields.

Fixed Deposit

Company fixed deposits are unsecured. In case of bank fixed deposits, the Deposit Insurance and Credit Guarantee Corporation of India guarantees

You can check with distributors about the credentials of the promoters and their past track record. Opt for companies that pay dividends and are profit making. Avoid loss-making companies or those who do not pay dividends.

Page 11: magazine April 2010

April, 2010 [10]

Ratings are important For NBFCs, RBI has made it mandatory to have an 'A' rating to be eligible to accept public deposits. Investors should go only for AAA or AA-rated schemes. Go for shorter tenures such as 1-3 years. This way, you can keep a watch on the company's rating and servicing, and also have your money back in case of an emergency. Watch out for any adverse news on the company you have invested in and take n e c e s s a r y a c t i o n i f n e e d b e .

Most companies accept fixed deposits for a period ranging from 1-5 years. Compared to mutual funds or bank fixed deposits, company fixed deposits are rather illiquid. In most cases, premature withdrawal is not allowed before completion of three months. If you wish to withdraw between the third and the sixth month, you get zero interest income.

If you wish to withdraw between the sixth and the 12th month, you get 3% less than the guaranteed return. Also, for those staying in non-metros, in case the company's banker does not have an account in their respective city, they would have to get a demand draft (DD) issued at a location where the company h e a d o f f i c e i s l o c a t e d .

Similarly, when the company pays back the principal amount, the cheque may take time to clear. FDs are not listed and non-transferable. Interest income from fixed deposits is taxable. So if you are in the highest tax bracket, weigh your options accordingly. If there is a probability, you may need the money before a year, it is beset not to park it in company fixed deposits.

Fixed Deposit Scenario – Go for short-term debt funds and fixed deposits, delay home or auto loans. The honeymoon for home and auto buyers is over. With the Reserve Bank of India (RBI) raising repo and reverse repo rates by 25 basis points recently, most expect that interest rates will now start moving up.

RBI has indicated there could be further rises in the days to come. Its governor, D Subbarao, said yesterday the central bank would continue i t s m o v e m e n t t o w a r d s e x i t i n g i t s accommodative policy, implying further rises in indicative rates.

Clearly, we are moving towards a higher interest rate regime, which is, however, good news for investors in fixed deposits. A number of banks started raising their deposit rates last month. For example, HDFC Bank increased its deposit rates up to 150 basis points across maturities. ICICI Bank did so by 25-50 basis points. So have many public sector banks, such as Bank of India and Central Bank of India.

RBI had increased the CRR ratio which reduces about Rs.35000 crore from the system. It is expected to see increase in the banks fixed deposit interest rates. Industry experts feel the second half of the year could see debt mutual funds doing much better. Though it is still not the time to go the whole hog, shorter-term debt schemes are likely to do better than medium and long-term ones.

A part from Fixed deposit , s o m e o t h e r o p t i o n prevails for fixed income purpose (these are some tax saving schemes ) which are as follows –

. Capital gain bonds – Capital gain bonds ( under sec - 54 EC )

Under Section 54 EC of Income Tax, 1961 and investor need not pay any tax on any long-term capital gains arising on sale of any asset, if the amounts of capital gains are invested in certain specified bonds.

Rural Electrification Corporation Limited (REC) and National Highway Authority of India (NHAI) are permitted to issues capital gains bonds under Section 54 EC.

Some key features of Section 54 EC bonds are:

Highest credit rating of AAA by CRISIL, CARE and FITCH. Interest is taxable although no TDS is deducted. Lock-in of around 3 years and non- transferable.

Minimum amount of investment Rs10000 and multiples.

Name of Issuer Credit Rating

Interest Payment

Frequency Maturity

Interest Rate

Rural Electrification Corporation Limited (REC)

AAA by CRISIL

Annual

5 years with Put & Call option after 3 yrs

6.25%

National Highway Authority of India (NHAI)

AAA by CARE, AAA/ Stable” by CRISIL ,“ AAA/ind” by Fitch Ratings

Annual

5 years with Put & Call option after 3 yrs

6.25%

Page 12: magazine April 2010

April ,2010(11)

2. Schemes under section 80 C –

1. Fixed deposits for a duration of

five years with banks and post

offices: One of the bug bears senior citizens

had with section 80C was that it leaned towards

the younger generation by giving tax breaks for

long-term corpus building products or on home

loans. There was nothing that allowed a retired

person to earn an income and yet get a tax

break. The extension of specific five-year bank

and post office deposits to come under section

80C fills this gap. The current rate of interest is

between 5.70% and 8.25% a year. Like

Hudco deposits , HUDCO Public Deposit

Scheme qualifies under Section 80C (2)(xvi)(a)

of Income-tax Act, 1961. Accordingly, the

deposits with minimum lock in period of 5 years

made under HUDCO Public Deposit Scheme

will qualify for deduction from gross total

income upto Rs. 1,00,000/- and NHB ,

duration of deposit is 60 months, interest rate

offered is 8 % .

Return 5.70-8.25%

Duration 5 years

Safety zero risk

2. Senior Citizens Savings Scheme

(SCSS): It allows a retired person having a

lump sum to invest it at a reasonably good

interest rate. If you are 60 years old (or took

voluntary retirement at 55), you can put up to

Rs15 lakh for five years in this scheme, earn 9%

interest a year and get the 80C benefit on Rs1

lakh. Interest, however, is taxable.

Return 9%

Duration 5 years

Safety zero risk

3. Employees' Provident Fund

(EPF): The first scheme that you get to buy the

minute you begin work as an employee. Under

this, 12% of your basic (including dearness

allowance and retaining allowance, if

any) goes to this fund and your

employer matches this by 12% of his

contribution. From your employer's

contribution, 8.33% goes towards the

Employees' Pension Scheme (EPS) and

3.67% to EPF. Your EPF earns a tax-free

interest that is currently 8.5% a year. It's

not a good idea to reduce your PF

contribution, as some employers may

suggest, since you get an investment

option that is one of the best in India in

terms of risk- and tax-free return.

Return 8.5%

Duration working life

Safety zero risk

4 . Public Provident Fund

(PPF): An 8% 15-year cumulative

recurring deposit that is fairly illiquid

and is good to use as a long-term

corpus building tool. Risk- and tax-free

today, maximize your contribution to

Rs70,000 this year, irrespective of

whether you need the tax break or not.

The new direct tax code rules will apply

from next year and we don't know the

exact treatment of old accounts today.

Rs70,000 a year for 15 years at 8% will

give you Rs19 lakh. Tax free.

Return 8%

Duration 15 years

Safety zero risk

5 . N a t i o n a l S a v i n g s

Certificate (NSC): Through this,

Rs1 lakh grows to Rs1.6 lakh in six

years. The interest generated each

half year is treated as "reinvested" and

becomes part of your overall 80C

contributions. But if you have

exhausted the cover, you need to pay

tax on the interest.

Return 8%

Duration 6 yrs

Safety zero risk

6 . Equity-linked savings

schemes (ELSS): These are

diversified equity mutual funds that allow

investors with risk-taking ability to target

a higher return. You are locked into the

investment for three years, but the long-

term capital gains are zero tax.

You can choose a lump sum investment

route or a systematic investment plan.

The average return in an ELSS scheme

over the last three years was 8% and over

the last five years was 22%. Or Rs1 lakh

invested five years ago will be worth

Rs2.7 lakh today . Look out for a full

review on Tuesday.

Return market-linked

Duration 3-year lock-in

Safety market and fund

Manager risk

7 . Unit-linked insurance

plans (Ulips): A hybrid product that

includes an insurance cover on your life

along with a market-linked investment

plan. The premium needs to be paid for a

minimum of five years. Ulips work only in

the long run of over 9-10 years. Given

the non-transparency and non-

portability of the product in its current

state and sustained mis-selling in the

industry, we do not recommend that you

use this vehicle for your 80C tax break.

Look out for more details on Ulips and

other insurance plans on Wednesday.

Return market-linked

Duration 5-year lock-in

Safety market and fund manager risk

Page 13: magazine April 2010

April, 2010 [12] April 2010 [13]

“”

India has huge deposits of natural resources in form of minerals like copper, chromite, iron ore, manganese, bauxite, and gold. As a result, India basic metals industry is one of the many booming industries in India.

METALS - DRIVERS OF GROWTH IN 2010

It is estimated that in FY11, the Sensex earnings will grow by about 28%. A very important aspect of this growth is the contribution from commodities business which is expected to contribute 40% in this growth. Looking at its importance, we are analyzing the outlook of Indian metals industry.

A Glorious RiseOne could say the modern age started with the use of iron in daily life. It was also the time when states and cities were born. The Iron Age continues still and the metal is used in its various forms. Steel, an alloy of mostly iron and around 2 per cent carbon is so widely used that it is considered to form the very framework of civilisation. The modern steel industry saw its dawn in the late 1850s. Since then, steel has formed the bedrock of the world's industrial economy

. After India got independent, the governments put a great stress on developing the country's steel industry. In 1990-91, six plants — five of which were in the public sector — had a total output of 10 million tonnes. Another 180 small plants accounted for the rest of the country's steel production — 4.7 million tonnes. Most were private sector firms. The Indian steel industry started spreading its tentacles into Europe after 2000. In January 2007, Tata Steel made a successful $11.3-billion bid for Corus Group PLC. In 2006, Mittal Steel acquired Arcelor for $38.3 billion to become the world's biggest s t e e l m a k e r , A r c e l o r M i t t a l .

India's aluminium industry is also booming. The industry has one of the highest growth rates in the world at more than 7 per cent per year. Most sectors that use aluminium are witnessing tremendous growth, fuelling demand for the metal. India, which has the fifth largest bauxite reserve in the world, is all set to tap this opportunity. The industry grew from 5,000 tonnes per annum at the time of Independence to 483,000 tonnes in 1992, of which 113,000 tons were exported.

Indian Metal Industry

The metals industry is a key sector in the Indian economy as it meets the requirements of a wide range of important industries such as engineering, electrical and electronics,

in f ras t ruc ture , automobi le and automobile components, packaging etc. The metal industry consists of two major groups: ferrous metals and non-ferrous metals.

Non-ferrous metals, which include aluminium, copper, zinc, lead, nickel and tin, are used to make alloys, castings, forgings, extrusions, wires, cables, pipes, etc., and find their application in a number of sectors such as agriculture, infrastructure facilities like power plants, a u t o m o b i l e s , r a i l w a y s , telecommunications, building and construction and in engineering and chemical plants.

Ferrous metals primarily consist of iron and different varieties of steel. Indian steel industry has shown strong performance in the recent past in terms of production, capacity utilisation, exports and consumption. India is now a major competitor among steel producers in the world.

The steel industry contributes 1.3 per cent to India's GDP and accounts for 10 per cent in Excise Duty collections. The industry provides employment to 0.4 million people directly and 0.6 million people indirectly. While this sector covers a large domain consisting of a variety of metals, this report focuses on four key metals namely, aluminium, copper, zinc and iron (steel).

India's key advantages in the sector include a liberalised overall policy regime and reduced customs duty on primary and secondary metals, growing market demand, favourable conditions for production, presence of related and supporting industries and state support for helping companies improve performance and stimulating industry environment. India has huge deposits of natural resources in form of minerals like copper, chromite, iron ore, manganese, bauxite, and gold. As a result, India basic metals industry is one of the many booming industries in India.

The India basic metals industry is categorized into 2 main divisions - the iron-based and non-iron-based metal industries. The iron-based segment includes the manufacturing of 3 different kinds of steel such as carbon steel, ferrochrome steel, and stainless steel. The non-iron-based category includes the production of copper, tin, brass, lead, zinc, aluminum, and manganese. The main operations of the of the basic metals industry in India are mining of ores, refining of the ore, casting, alloying, sheet, and rolling into foils.

One could say the modern age started with the use of iron in daily life. It was also the time when states and cities were born. The Iron Age continues still and the metal is used in its various forms. Steel, an alloy of mostly iron and around 2 per cent carbon is so widely used that it is considered t o f o r m t h e v e r y framework of

Metals-Drivers of Growth in 2010

Page 14: magazine April 2010

April, 2010 [12] April 2010 [13]

“”

India has huge deposits of natural resources in form of minerals like copper, chromite, iron ore, manganese, bauxite, and gold. As a result, India basic metals industry is one of the many booming industries in India.

METALS - DRIVERS OF GROWTH IN 2010

It is estimated that in FY11, the Sensex earnings will grow by about 28%. A very important aspect of this growth is the contribution from commodities business which is expected to contribute 40% in this growth. Looking at its importance, we are analyzing the outlook of Indian metals industry.

A Glorious RiseOne could say the modern age started with the use of iron in daily life. It was also the time when states and cities were born. The Iron Age continues still and the metal is used in its various forms. Steel, an alloy of mostly iron and around 2 per cent carbon is so widely used that it is considered to form the very framework of civilisation. The modern steel industry saw its dawn in the late 1850s. Since then, steel has formed the bedrock of the world's industrial economy

. After India got independent, the governments put a great stress on developing the country's steel industry. In 1990-91, six plants — five of which were in the public sector — had a total output of 10 million tonnes. Another 180 small plants accounted for the rest of the country's steel production — 4.7 million tonnes. Most were private sector firms. The Indian steel industry started spreading its tentacles into Europe after 2000. In January 2007, Tata Steel made a successful $11.3-billion bid for Corus Group PLC. In 2006, Mittal Steel acquired Arcelor for $38.3 billion to become the world's biggest s t e e l m a k e r , A r c e l o r M i t t a l .

India's aluminium industry is also booming. The industry has one of the highest growth rates in the world at more than 7 per cent per year. Most sectors that use aluminium are witnessing tremendous growth, fuelling demand for the metal. India, which has the fifth largest bauxite reserve in the world, is all set to tap this opportunity. The industry grew from 5,000 tonnes per annum at the time of Independence to 483,000 tonnes in 1992, of which 113,000 tons were exported.

Indian Metal Industry

The metals industry is a key sector in the Indian economy as it meets the requirements of a wide range of important industries such as engineering, electrical and electronics,

in f ras t ruc ture , automobi le and automobile components, packaging etc. The metal industry consists of two major groups: ferrous metals and non-ferrous metals.

Non-ferrous metals, which include aluminium, copper, zinc, lead, nickel and tin, are used to make alloys, castings, forgings, extrusions, wires, cables, pipes, etc., and find their application in a number of sectors such as agriculture, infrastructure facilities like power plants, a u t o m o b i l e s , r a i l w a y s , telecommunications, building and construction and in engineering and chemical plants.

Ferrous metals primarily consist of iron and different varieties of steel. Indian steel industry has shown strong performance in the recent past in terms of production, capacity utilisation, exports and consumption. India is now a major competitor among steel producers in the world.

The steel industry contributes 1.3 per cent to India's GDP and accounts for 10 per cent in Excise Duty collections. The industry provides employment to 0.4 million people directly and 0.6 million people indirectly. While this sector covers a large domain consisting of a variety of metals, this report focuses on four key metals namely, aluminium, copper, zinc and iron (steel).

India's key advantages in the sector include a liberalised overall policy regime and reduced customs duty on primary and secondary metals, growing market demand, favourable conditions for production, presence of related and supporting industries and state support for helping companies improve performance and stimulating industry environment. India has huge deposits of natural resources in form of minerals like copper, chromite, iron ore, manganese, bauxite, and gold. As a result, India basic metals industry is one of the many booming industries in India.

The India basic metals industry is categorized into 2 main divisions - the iron-based and non-iron-based metal industries. The iron-based segment includes the manufacturing of 3 different kinds of steel such as carbon steel, ferrochrome steel, and stainless steel. The non-iron-based category includes the production of copper, tin, brass, lead, zinc, aluminum, and manganese. The main operations of the of the basic metals industry in India are mining of ores, refining of the ore, casting, alloying, sheet, and rolling into foils.

One could say the modern age started with the use of iron in daily life. It was also the time when states and cities were born. The Iron Age continues still and the metal is used in its various forms. Steel, an alloy of mostly iron and around 2 per cent carbon is so widely used that it is considered t o f o r m t h e v e r y framework of

Metals-Drivers of Growth in 2010

Page 15: magazine April 2010

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O

V

E

R

S

T

O

R

Y

India basic metals industry experienced big changes in the 90s with the onset of the liberalization and open market policies. With the new form and sources of investments, the infrastructure pertaining to the industries was altered. More and more efficient and technologically advanced methods improved the production processes and in turn the output of the industry increased along with the quality of the products. The India basic metals industry is growing up with the innovative techniques as it is helping the product market to enlarge. Some of the popular methods used for the production of basic metals are open hearth, oxygen furnaces, blast furnaces, electric arc furnaces, etc.

Indian Metal Hubs

Metal industries are the indispensable part of an economy; they form the backbone of industrial development of any country.

In India the industrial development began with the setting up of Tata Iron and Steel Company (TISCO) at Jamshedpur in 1907. It started its production in 1912. Then came up Burnpur and Bhadrawati Steel Plants in 1919 and 1923 respectively. It was, however, only after the Independence that the steel industry gas been able to find its feet. Barring the Jamshedpur plant of the Tatas, all are in public sector and looked after by the Steel Authority of India Ltd. (SAIL).Bhilai and Bokaro plants were set up with the Soviet collaboration. Durgapur and Rourkela came up with British and German technology know-how respectively.Iron and steel industry is by nature a heavy industry. Proximity to raw materials and access to efficient transportation network are crucial to this industry. The Chhotanagpur plateau bordering West Bengal, Bihar, Orissa and Madhya Pradesh, therefore has been the natural core of this industry.

Besides, iron and steel industry, heavy engineering and machine tools industries are the main dealers of metals. These industries have witnessed a phenomenal growth and produces a whole range of capital goods and consumer durables. The capital goods required for textile industry, fertilizer plants, power projects, cements, steel and petro-chemical plants, mining, construction and agricultural machineries such as equipment for irrigation projects, diesel engines, pumps and tractors, transport vehicles, etc. are being produced indigenously.The Heavy Engineering Corporation Ltd., set up at Ranchi in 1958 fabricates huge machines required for the iron and steel industry. Locomotives are manufactured by three units, viz. Locomotive Works, Chittaranjan (West Bengal), Diesel Locomotive Works, Varanasi (Uttar Pradesh), and Tata Engineering and Locomotive Co. Ltd. (TELCO), Jamshedpur. The Hindustan Machine Tools Ltd. (HMT) is a major manufacturer of a wide range of machines and tools. It has its units in Banglore, Pinjore(Haryana), Kalamassery(Kerala), and Hyderabad. The HMT also produces a wide range of

watches.The Bharat Heavy Electricals Ltd. (BHEL) is a public sector undertaking which produces power g e n e r a t i o n e q u i p m e n t s . I t s manufacturing plants are located at Bhopal, Tiruchirapalli, Hyderabad, Haridwar, Ranipet, Banglore and Jagdishpur (Uttar Pradesh). The Hindustan Aeronautics Ltd., Banglore h a s a c q u i r e d c a p a b i l i t y o f manufacturing aircrafys of different types.It has its manufacturing units at Banglore , Kanpur, Nasik, Koraput, H y d e r a b a d , a n d L u c k n o w.Vishakhapatnam, Mumbai, Calcutta and Kochi are the major center of ship-building industry.

Global Metal Resource-esThe mining industry has been key to the development of civilisation, underpinning the iron and bronze ages, the industrial revolution and the infrastructure of today's information age. In 2001, the mining industry produced over 6 billion tons of raw product valued at several t r i l l ion dol lars . Downstream bene f i c i a t i on and m ine ra l s processing of these raw materials adds further value as raw materials and products are created to serve all aspects of industry and commerce worldwide.

The last decade of the twentieth century saw the creation of mega-commodity corporations that increasingly moved downstream into the beneficiation area, leaving exploration for new mineral deposits increasingly to small junior mining companies. Application of new technology has led to productivity gains across the value chain. Apart from Antarctica (which has a treaty in place preventing short to medium term exploitation and exploration of minerals), mining takes place in all of the world's continents. Traditional mining countries such as the USA, Canada, Australia, South Africa and Chile dominate the global

mining scene.. These countries have

become the traditional leaders in mining and exploration methods and technology. Exploration and development funding has changed over the past few years with emphasis shifting to areas that have been poorly explored or have had poor access for reasons of politics, infrastructure or legislation. Gold, base metal, diamonds and platinum group elements (PGE's) are the more important commodities explored for and developed globally.

North America: North America is the major

producer of gold and silver. Raw mineral production in 1998 was valued at approximately US$ 70 billion. The industry employs approximately 1 million people. Major companies include Barrick, Newmont and Industrias Penoles

Europe: Europe is not a major

mining center. However, it has several established base metal mines in Scandanavia, Ireland and the Iberian Peninsula. Major companies include Boliden and Outokumpu.

Asia: Asia is a major producer of

base metals, PGE’s, ferrous metals and coal. Most major producers are state controlled, but foreign investment is being encouraged, in particular by China, India and the CIS.

South America:

South America is a major producer of base and ferrous metals, in particular copper and iron ore. Major companies include Codelco, Barrick, CVRD, Newmont and Rio Tinto.

Africa:

Africa is a major producer of cobalt, gold, PGE’s and diamonds. Mining accounts for a substantial proportion of several countries GDP’s. Major companies include Anglo American, De Beers and BHP Billiton.

Australia:

Australia is a leading producer of iron ore, gold and base metals. Major companies include BHP Billiton, Rio Tinto and Normandy Mining.

Barrick, CVRD, Newmont and Rio Tinto.

Major companies include Anglo American, De Beers and BHP Billiton.

Normandy Mining.

Usage

Steel

Iron and steel are used widely in the construction of roads, railways, infrastructure, and buildings. Most large modern structures, such as stadiums and skyscrapers, bridges, and airports, are supported by a steel skeleton. Even those with a concrete structure will employ steel for reinforcing. In addition to widespread use in major appliances and cars. Despite growth in usage of aluminium, it is still the main material for car bodies. Steel is used in a variety of other construction materials, such as bolts, nails, and screws. Other common applications include shipbuilding, pipeline transport, mining, offshore construction, aerospace, white goods (e.g. washing machines), heavy equipment such as bulldozers, office furniture, steel wool, tools, and armour in the form of personal vests or vehicle armour (better known as rolled homogeneous armour in this role).

NickelNickel is used in many industrial and consumer products, including stainless steel, magnets, coinage, rechargeable batteries, electric guitar strings and special alloys. It is also used for plating and as a green tint in glass. Nickel is pre-eminently an alloy metal, and its chief use is in the nickel steels and nickel cast irons, of which there are many varieties. It is also widely used in many other alloys, such as nickel brasses and bronzes, and alloys with copper, chromium, aluminium, lead, cobalt, silver, and gold.

Nickel plated neodymium magnet on a bracket from a hard drive.The amounts of nickel used for various applications are 60% used for making nickel steels, 14% used in nickel-copper alloys and nickel silver, 9% used to make malleable nickel, nickel clad, Inconel and other superalloys, 6% used in plating, 3% use for nickel cast irons, 3% in heat and electric resistance alloys, such as Nichrome, 2% used for nickel brasses and bronzes with the remaining 3% of the nickel consumption in all other applications combined. In the laboratory, nickel is frequently used as a catalyst for hydrogenation, sometimes Raney nickel, a finely divided form of the metal alloyed with aluminium which adsorbs hydrogen gas. Nickel is often used in coins, or occasionally as a substitute for decorative silver. The American 'nickel' five-cent coin is 75% copper and 25% nickel. Various other nations have historically used and still use nickel in their coinage.

LeadLead is a soft, malleable poor metal, also considered to be one of the heavy metals. Lead has a bluish-white color when freshly cut, but tarnishes to a dull grayish color when exposed to air. It has a shiny chrome-silver luster when melted into a liquid.

Lead is used in building construction, lead-acid batteries, bullets and shot, weights, and is part of solder, pewter, fusible alloys and radiation shields. Lead has the highest atomic number of all stable elements, although the next element, bismuth, has a half-life so long (longer than the estimated age of the universe) it can be considered stable.

CopperCopper is a ductile metal with very high thermal and electrical conductivity. Pure copper is rather soft and malleable, and a freshly-exposed surface has a pinkish or peachy color. It is used as a thermal conductor, an electrical conductor, a building material, and a constituent of various metal alloys. A copper disc made by continuous casting and etching.Copper metal and alloys have been used for thousands of years. Copper compounds are known in several oxidation states, usually 2+, where they often impart blue or green colors to natural minerals such as turquoise and have been used historically widely as pigments. Copper metal architectural structures and statuary eventually corrode to acquire a characteristic green patina. Copper as both metal and pigmented salt, has a significant presence in decorative art.

Copper ions are soluble in water, where they function at low concentration as bacteriostatic substances, fungicides, and wood preservatives. For this reason, copper metal can be used as an anti-germ surface that can add to the anti-bacterial and antimicrobial features of buildings such as hospitals.

ZincBrass, which is an alloy of copper and zinc, has been used since at least the 10th century BC. Corrosion-resistant zinc plating of steel (hot-dip galvanizing) is the major application for zinc. Other applications are in batteries and alloys, such as brass. A variety of zinc compounds are commonly used, such as zinc carbonate and zinc gluconate (as dietary supplements), zinc chloride (in deodorants), zinc pyrithione (anti-dandruff shampoos), zinc sulfide (in luminescent paints), and zinc methyl or zinc diethyl in the organic laboratory.

AluminumAluminium is a soft, durable, lightweight, malleable metal with appearance ranging from silvery to dull grey, depending on the surface roughness. Aluminium is nonmagnetic and nonsparking. Aluminium is one of the few metals that retain full silvery reflectance in finely powdered form, making it an important component of silver paints. Aluminium mirror finish has the highest reflectance of any metal. Aluminium is a good thermal and electrical conductor, having 62% the conductivity of copper.

Aluminium is remarkable for the metal's low density and for its ability to resist corrosion due to the phenomenon of passivation. Structural components made from aluminium and its alloys are vital to the aerospace industry and are very i m p o r t a n t i n o t h e r a r e a s o f transportation and building. Its reactive nature makes it useful as a catalyst or additive in chemical mixtures, including ammonium nitrate explosives, to enhance blast power.

Great Rally of 2009

In current rally, the initial impetus came from the perception that the worst of the global recession was over and that wide-ranging public intervention had succeeded in lowering uncertainty and systemic risk in the financial sector. Against this backdrop of an expected improvement in near-term outlook, commodity markets benefited from the increased incentive to hold inventories.

At the same time, improving financial conditions provided increased credit availability for inventory financing at more normal costs while rising inflows to commodity funds likely facilitated the hedging of inventory positions, easing downward pressure on spot market prices.

The global and Indian metals markets have undergone unprecedented metamorphosis over the last two years, what with prices first rising to record

April, 2010 [14]April, 2010 [15]

Page 16: magazine April 2010

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India basic metals industry experienced big changes in the 90s with the onset of the liberalization and open market policies. With the new form and sources of investments, the infrastructure pertaining to the industries was altered. More and more efficient and technologically advanced methods improved the production processes and in turn the output of the industry increased along with the quality of the products. The India basic metals industry is growing up with the innovative techniques as it is helping the product market to enlarge. Some of the popular methods used for the production of basic metals are open hearth, oxygen furnaces, blast furnaces, electric arc furnaces, etc.

Indian Metal Hubs

Metal industries are the indispensable part of an economy; they form the backbone of industrial development of any country.

In India the industrial development began with the setting up of Tata Iron and Steel Company (TISCO) at Jamshedpur in 1907. It started its production in 1912. Then came up Burnpur and Bhadrawati Steel Plants in 1919 and 1923 respectively. It was, however, only after the Independence that the steel industry gas been able to find its feet. Barring the Jamshedpur plant of the Tatas, all are in public sector and looked after by the Steel Authority of India Ltd. (SAIL).Bhilai and Bokaro plants were set up with the Soviet collaboration. Durgapur and Rourkela came up with British and German technology know-how respectively.Iron and steel industry is by nature a heavy industry. Proximity to raw materials and access to efficient transportation network are crucial to this industry. The Chhotanagpur plateau bordering West Bengal, Bihar, Orissa and Madhya Pradesh, therefore has been the natural core of this industry.

Besides, iron and steel industry, heavy engineering and machine tools industries are the main dealers of metals. These industries have witnessed a phenomenal growth and produces a whole range of capital goods and consumer durables. The capital goods required for textile industry, fertilizer plants, power projects, cements, steel and petro-chemical plants, mining, construction and agricultural machineries such as equipment for irrigation projects, diesel engines, pumps and tractors, transport vehicles, etc. are being produced indigenously.The Heavy Engineering Corporation Ltd., set up at Ranchi in 1958 fabricates huge machines required for the iron and steel industry. Locomotives are manufactured by three units, viz. Locomotive Works, Chittaranjan (West Bengal), Diesel Locomotive Works, Varanasi (Uttar Pradesh), and Tata Engineering and Locomotive Co. Ltd. (TELCO), Jamshedpur. The Hindustan Machine Tools Ltd. (HMT) is a major manufacturer of a wide range of machines and tools. It has its units in Banglore, Pinjore(Haryana), Kalamassery(Kerala), and Hyderabad. The HMT also produces a wide range of

watches.The Bharat Heavy Electricals Ltd. (BHEL) is a public sector undertaking which produces power g e n e r a t i o n e q u i p m e n t s . I t s manufacturing plants are located at Bhopal, Tiruchirapalli, Hyderabad, Haridwar, Ranipet, Banglore and Jagdishpur (Uttar Pradesh). The Hindustan Aeronautics Ltd., Banglore h a s a c q u i r e d c a p a b i l i t y o f manufacturing aircrafys of different types.It has its manufacturing units at Banglore , Kanpur, Nasik, Koraput, H y d e r a b a d , a n d L u c k n o w.Vishakhapatnam, Mumbai, Calcutta and Kochi are the major center of ship-building industry.

Global Metal Resource-esThe mining industry has been key to the development of civilisation, underpinning the iron and bronze ages, the industrial revolution and the infrastructure of today's information age. In 2001, the mining industry produced over 6 billion tons of raw product valued at several t r i l l ion dol lars . Downstream bene f i c i a t i on and m ine ra l s processing of these raw materials adds further value as raw materials and products are created to serve all aspects of industry and commerce worldwide.

The last decade of the twentieth century saw the creation of mega-commodity corporations that increasingly moved downstream into the beneficiation area, leaving exploration for new mineral deposits increasingly to small junior mining companies. Application of new technology has led to productivity gains across the value chain. Apart from Antarctica (which has a treaty in place preventing short to medium term exploitation and exploration of minerals), mining takes place in all of the world's continents. Traditional mining countries such as the USA, Canada, Australia, South Africa and Chile dominate the global

mining scene.. These countries have

become the traditional leaders in mining and exploration methods and technology. Exploration and development funding has changed over the past few years with emphasis shifting to areas that have been poorly explored or have had poor access for reasons of politics, infrastructure or legislation. Gold, base metal, diamonds and platinum group elements (PGE's) are the more important commodities explored for and developed globally.

North America: North America is the major

producer of gold and silver. Raw mineral production in 1998 was valued at approximately US$ 70 billion. The industry employs approximately 1 million people. Major companies include Barrick, Newmont and Industrias Penoles

Europe: Europe is not a major

mining center. However, it has several established base metal mines in Scandanavia, Ireland and the Iberian Peninsula. Major companies include Boliden and Outokumpu.

Asia: Asia is a major producer of

base metals, PGE’s, ferrous metals and coal. Most major producers are state controlled, but foreign investment is being encouraged, in particular by China, India and the CIS.

South America:

South America is a major producer of base and ferrous metals, in particular copper and iron ore. Major companies include Codelco, Barrick, CVRD, Newmont and Rio Tinto.

Africa:

Africa is a major producer of cobalt, gold, PGE’s and diamonds. Mining accounts for a substantial proportion of several countries GDP’s. Major companies include Anglo American, De Beers and BHP Billiton.

Australia:

Australia is a leading producer of iron ore, gold and base metals. Major companies include BHP Billiton, Rio Tinto and Normandy Mining.

Barrick, CVRD, Newmont and Rio Tinto.

Major companies include Anglo American, De Beers and BHP Billiton.

Normandy Mining.

Usage

Steel

Iron and steel are used widely in the construction of roads, railways, infrastructure, and buildings. Most large modern structures, such as stadiums and skyscrapers, bridges, and airports, are supported by a steel skeleton. Even those with a concrete structure will employ steel for reinforcing. In addition to widespread use in major appliances and cars. Despite growth in usage of aluminium, it is still the main material for car bodies. Steel is used in a variety of other construction materials, such as bolts, nails, and screws. Other common applications include shipbuilding, pipeline transport, mining, offshore construction, aerospace, white goods (e.g. washing machines), heavy equipment such as bulldozers, office furniture, steel wool, tools, and armour in the form of personal vests or vehicle armour (better known as rolled homogeneous armour in this role).

NickelNickel is used in many industrial and consumer products, including stainless steel, magnets, coinage, rechargeable batteries, electric guitar strings and special alloys. It is also used for plating and as a green tint in glass. Nickel is pre-eminently an alloy metal, and its chief use is in the nickel steels and nickel cast irons, of which there are many varieties. It is also widely used in many other alloys, such as nickel brasses and bronzes, and alloys with copper, chromium, aluminium, lead, cobalt, silver, and gold.

Nickel plated neodymium magnet on a bracket from a hard drive.The amounts of nickel used for various applications are 60% used for making nickel steels, 14% used in nickel-copper alloys and nickel silver, 9% used to make malleable nickel, nickel clad, Inconel and other superalloys, 6% used in plating, 3% use for nickel cast irons, 3% in heat and electric resistance alloys, such as Nichrome, 2% used for nickel brasses and bronzes with the remaining 3% of the nickel consumption in all other applications combined. In the laboratory, nickel is frequently used as a catalyst for hydrogenation, sometimes Raney nickel, a finely divided form of the metal alloyed with aluminium which adsorbs hydrogen gas. Nickel is often used in coins, or occasionally as a substitute for decorative silver. The American 'nickel' five-cent coin is 75% copper and 25% nickel. Various other nations have historically used and still use nickel in their coinage.

LeadLead is a soft, malleable poor metal, also considered to be one of the heavy metals. Lead has a bluish-white color when freshly cut, but tarnishes to a dull grayish color when exposed to air. It has a shiny chrome-silver luster when melted into a liquid.

Lead is used in building construction, lead-acid batteries, bullets and shot, weights, and is part of solder, pewter, fusible alloys and radiation shields. Lead has the highest atomic number of all stable elements, although the next element, bismuth, has a half-life so long (longer than the estimated age of the universe) it can be considered stable.

CopperCopper is a ductile metal with very high thermal and electrical conductivity. Pure copper is rather soft and malleable, and a freshly-exposed surface has a pinkish or peachy color. It is used as a thermal conductor, an electrical conductor, a building material, and a constituent of various metal alloys. A copper disc made by continuous casting and etching.Copper metal and alloys have been used for thousands of years. Copper compounds are known in several oxidation states, usually 2+, where they often impart blue or green colors to natural minerals such as turquoise and have been used historically widely as pigments. Copper metal architectural structures and statuary eventually corrode to acquire a characteristic green patina. Copper as both metal and pigmented salt, has a significant presence in decorative art.

Copper ions are soluble in water, where they function at low concentration as bacteriostatic substances, fungicides, and wood preservatives. For this reason, copper metal can be used as an anti-germ surface that can add to the anti-bacterial and antimicrobial features of buildings such as hospitals.

ZincBrass, which is an alloy of copper and zinc, has been used since at least the 10th century BC. Corrosion-resistant zinc plating of steel (hot-dip galvanizing) is the major application for zinc. Other applications are in batteries and alloys, such as brass. A variety of zinc compounds are commonly used, such as zinc carbonate and zinc gluconate (as dietary supplements), zinc chloride (in deodorants), zinc pyrithione (anti-dandruff shampoos), zinc sulfide (in luminescent paints), and zinc methyl or zinc diethyl in the organic laboratory.

AluminumAluminium is a soft, durable, lightweight, malleable metal with appearance ranging from silvery to dull grey, depending on the surface roughness. Aluminium is nonmagnetic and nonsparking. Aluminium is one of the few metals that retain full silvery reflectance in finely powdered form, making it an important component of silver paints. Aluminium mirror finish has the highest reflectance of any metal. Aluminium is a good thermal and electrical conductor, having 62% the conductivity of copper.

Aluminium is remarkable for the metal's low density and for its ability to resist corrosion due to the phenomenon of passivation. Structural components made from aluminium and its alloys are vital to the aerospace industry and are very i m p o r t a n t i n o t h e r a r e a s o f transportation and building. Its reactive nature makes it useful as a catalyst or additive in chemical mixtures, including ammonium nitrate explosives, to enhance blast power.

Great Rally of 2009

In current rally, the initial impetus came from the perception that the worst of the global recession was over and that wide-ranging public intervention had succeeded in lowering uncertainty and systemic risk in the financial sector. Against this backdrop of an expected improvement in near-term outlook, commodity markets benefited from the increased incentive to hold inventories.

At the same time, improving financial conditions provided increased credit availability for inventory financing at more normal costs while rising inflows to commodity funds likely facilitated the hedging of inventory positions, easing downward pressure on spot market prices.

The global and Indian metals markets have undergone unprecedented metamorphosis over the last two years, what with prices first rising to record

April, 2010 [14]April, 2010 [15]

Page 17: magazine April 2010

April ,2010 [16] April ,2010 [17]

levels in the first half of 2008 followed by a huge collapse in the wake of the global financial market crisis and slowdown in growth. However, metals prices bounced back reasonably well in the second half of 2009. What are the prospects in 2010? In the Indian context, with strong GDP growth and expanding expenditure on infrastructure, housing and manufacturing facilities, industrial metals and base metals, consumption in the country is clearly set to rise for several years into the future.

With the Indian market gradually integrating with the global market, it is necessary for market participants — producers, consumers, traders — to hold a worldview of market fundamentals of demand and supply, in addition of course to the Indian market conditions.

What led to dramatic collapse of commodity prices in the latter half of 2008 is by now well documented and does not bear repetition. But what changed in 2009 to warrant a bounce back in metals prices? Although market confidence was low until the first two quarters of last year, the second half saw the sentiment undergo a change.

Although far from robust, global growth signals were turning positive, while market fundamentals were beginning to improve. Month after month, the leading indicators turned less pessimistic and generated a sense of cautious optimism. As risk appetite began to kick in, investment flows into metals futures started to get stronger.The mover and shaker of the metals market, China, had a decisive role to play in impacting the metals sector. The Asian giant's ravenous appetite for metals production, import and consumption is well

known. State purchases and stocking plans boosted metals import. India too was a contributor, but on a smaller scale.

Importantly, the US dollar turned decisively weak against the euro which pushed higher the prices of commodities traded in dollar terms.All these combined to boost market prices. But it was not just broader market conditions that were helpful. Supply side issues were important too. Closure of many mines and smelters led to contraction of supplies. Companies announced cuts in capital spending. The sentiment was unfavourable.

Importantly, the future price e xpec t a t i on , e spe c i a l l y on speculators' part, was not high enough because of the worrisome macroeconomic conditions. There is also belief that the collapse of financial market actually led to panic sales which in turn resulted in metals pr i ces overshoot ing to the downside.In beginning of 2009 there was crisis of confidence. Once confidence slowly began to return in 2009, the market started to look up and production cuts turned into supply bottleneck, with concomitant effect on market prices. Overall, commodity price performance over the whole of 2009 reveals an

extraordinary bounce-back.The prices of energy products, agricultural commodities, metals, indeed of almost all commodities, shot up. The rate of price recovery of course depended on various factors, including individual demand-supply fundamentals. Crude oil prices almost doubled in a year, while sugar zoomed by nearly 130 per cent. Precious metals gained by anything between 30 and 100 per cent. Ocean freight rates too have been going up. The base metals complex was no exception. The prices of steel and base metals increased in varying degrees during the whole of 2009.

Deciding Factors?

The recent recovery in metals prices was primarily driven by domestic consumption and restocking in China amplified by the return of speculative d e m a n d . T h e c o n s t r u c t i o n , automotive and capital goods sectors, which are key factors to consumption of base metals, remain weak in most industrialized regions but have strong growth out look in emerging economies.While construction should benefit from stimulus spending, automotive and durable goods sectors depend more on consumers. Cost pressures have returned driven by strengthening local currencies, increases in energy

prices and wage increases. Metals prices and margins will be influenced in the short term by changes in stocks and exchange rates.The recession has lowered the trajectory of supply growth which should benefit producers when demand fully recovers. We expect results in the first half of 2010 to be more indicative of the strength and sustainability of the recovery.

Metal prices will see volatility with the bias toward stable prices and margin expansion over the next 12-18 months in supply constrained or supply disciplined markets. The aluminum market remains a concern given excess capacity, persistent surplus production and high stock levels.

Important factors also include tightening monetary or fiscal policy, a reassertion of financial risk avoidance, or a return to recession. Major upsides can be seen in case of supply disruptions or strong recovery in consumer durables.Funds also play a big role in driving commodities. Last year it was oil, then they shifted to gold and now they are looking at base metals. In the case of oil, too, a sharp spike looks unlikely as processed crude is lying at various ports around the world, which will cap any surge. According to unofficial estimates, world crude oil stocks are at around 327.3 million barrel, which is more than the upper limit of last year's average stocks.The Chinese appetite for metals is another important factor, which is expected to nudge prices upwards. Experts believe that as stimulus.

spending in the world's fastest-growing major economy propels economic growth, metal demand will increase. As China's stimulus spending continues unabated, upward pressure on commodity prices is expected to continue in 2010. Small attempts to tighten monetary policy in China will have only a temporary negative effect

Indian DemandPrices for aluminum, copper, nickel, lead and zinc are set rise this year as industrial demand for these base metals from emerging economies increases. China and India are expected to play a crucial role for base metals prices as these economies will see a huge increase in industrial growth this year.

India's industrial growth in January was 16.7 per cent this year led by the manufacturing sector, especially for capital goods and consumer durables. The growth rate was 17.6 per cent, revised upwards from 16.8 per cent, for December 2009 and was at 1 per cent during the corresponding month in 2008. This means India will be needing more metals for its manufacturing sector in the coming months.

The manufacturing sector grew at a robust rate of 17.9 per cent in January as against a meagre growth of 1 per cent in the corresponding month last

year. Mining and electricity also registered significant growth rates of 14.6 per cent and 5.6 per cent respectively during the month under consideration, as against 1.8 per cent and 0.7 per cent in January 2009.

Given a robust industrial growth rate which has been in double digits for four consecutive months and a high inflation rate, analysts expect monetary tightening measures in the fourth quarter monetary policy review on 20 April 2010.

Page 18: magazine April 2010

April ,2010 [16] April ,2010 [17]

levels in the first half of 2008 followed by a huge collapse in the wake of the global financial market crisis and slowdown in growth. However, metals prices bounced back reasonably well in the second half of 2009. What are the prospects in 2010? In the Indian context, with strong GDP growth and expanding expenditure on infrastructure, housing and manufacturing facilities, industrial metals and base metals, consumption in the country is clearly set to rise for several years into the future.

With the Indian market gradually integrating with the global market, it is necessary for market participants — producers, consumers, traders — to hold a worldview of market fundamentals of demand and supply, in addition of course to the Indian market conditions.

What led to dramatic collapse of commodity prices in the latter half of 2008 is by now well documented and does not bear repetition. But what changed in 2009 to warrant a bounce back in metals prices? Although market confidence was low until the first two quarters of last year, the second half saw the sentiment undergo a change.

Although far from robust, global growth signals were turning positive, while market fundamentals were beginning to improve. Month after month, the leading indicators turned less pessimistic and generated a sense of cautious optimism. As risk appetite began to kick in, investment flows into metals futures started to get stronger.The mover and shaker of the metals market, China, had a decisive role to play in impacting the metals sector. The Asian giant's ravenous appetite for metals production, import and consumption is well

known. State purchases and stocking plans boosted metals import. India too was a contributor, but on a smaller scale.

Importantly, the US dollar turned decisively weak against the euro which pushed higher the prices of commodities traded in dollar terms.All these combined to boost market prices. But it was not just broader market conditions that were helpful. Supply side issues were important too. Closure of many mines and smelters led to contraction of supplies. Companies announced cuts in capital spending. The sentiment was unfavourable.

Importantly, the future price e xpec t a t i on , e spe c i a l l y on speculators' part, was not high enough because of the worrisome macroeconomic conditions. There is also belief that the collapse of financial market actually led to panic sales which in turn resulted in metals pr i ces overshoot ing to the downside.In beginning of 2009 there was crisis of confidence. Once confidence slowly began to return in 2009, the market started to look up and production cuts turned into supply bottleneck, with concomitant effect on market prices. Overall, commodity price performance over the whole of 2009 reveals an

extraordinary bounce-back.The prices of energy products, agricultural commodities, metals, indeed of almost all commodities, shot up. The rate of price recovery of course depended on various factors, including individual demand-supply fundamentals. Crude oil prices almost doubled in a year, while sugar zoomed by nearly 130 per cent. Precious metals gained by anything between 30 and 100 per cent. Ocean freight rates too have been going up. The base metals complex was no exception. The prices of steel and base metals increased in varying degrees during the whole of 2009.

Deciding Factors?

The recent recovery in metals prices was primarily driven by domestic consumption and restocking in China amplified by the return of speculative d e m a n d . T h e c o n s t r u c t i o n , automotive and capital goods sectors, which are key factors to consumption of base metals, remain weak in most industrialized regions but have strong growth out look in emerging economies.While construction should benefit from stimulus spending, automotive and durable goods sectors depend more on consumers. Cost pressures have returned driven by strengthening local currencies, increases in energy

prices and wage increases. Metals prices and margins will be influenced in the short term by changes in stocks and exchange rates.The recession has lowered the trajectory of supply growth which should benefit producers when demand fully recovers. We expect results in the first half of 2010 to be more indicative of the strength and sustainability of the recovery.

Metal prices will see volatility with the bias toward stable prices and margin expansion over the next 12-18 months in supply constrained or supply disciplined markets. The aluminum market remains a concern given excess capacity, persistent surplus production and high stock levels.

Important factors also include tightening monetary or fiscal policy, a reassertion of financial risk avoidance, or a return to recession. Major upsides can be seen in case of supply disruptions or strong recovery in consumer durables.Funds also play a big role in driving commodities. Last year it was oil, then they shifted to gold and now they are looking at base metals. In the case of oil, too, a sharp spike looks unlikely as processed crude is lying at various ports around the world, which will cap any surge. According to unofficial estimates, world crude oil stocks are at around 327.3 million barrel, which is more than the upper limit of last year's average stocks.The Chinese appetite for metals is another important factor, which is expected to nudge prices upwards. Experts believe that as stimulus.

spending in the world's fastest-growing major economy propels economic growth, metal demand will increase. As China's stimulus spending continues unabated, upward pressure on commodity prices is expected to continue in 2010. Small attempts to tighten monetary policy in China will have only a temporary negative effect

Indian DemandPrices for aluminum, copper, nickel, lead and zinc are set rise this year as industrial demand for these base metals from emerging economies increases. China and India are expected to play a crucial role for base metals prices as these economies will see a huge increase in industrial growth this year.

India's industrial growth in January was 16.7 per cent this year led by the manufacturing sector, especially for capital goods and consumer durables. The growth rate was 17.6 per cent, revised upwards from 16.8 per cent, for December 2009 and was at 1 per cent during the corresponding month in 2008. This means India will be needing more metals for its manufacturing sector in the coming months.

The manufacturing sector grew at a robust rate of 17.9 per cent in January as against a meagre growth of 1 per cent in the corresponding month last

year. Mining and electricity also registered significant growth rates of 14.6 per cent and 5.6 per cent respectively during the month under consideration, as against 1.8 per cent and 0.7 per cent in January 2009.

Given a robust industrial growth rate which has been in double digits for four consecutive months and a high inflation rate, analysts expect monetary tightening measures in the fourth quarter monetary policy review on 20 April 2010.

Page 19: magazine April 2010

April,2010 [18] April, 2010 [19]

Risks and Uncertainties

Although most market watchers and analysts believe that the current bull run in base metals will be sustained through 2010, some sceptics feel the rally is running out of steam and is based purely on speculative interest from hedge funds that have shifted focus from currencies to commodities because of the dollar's sustained weakness.

But, this scenario may last a span of six months to a year, and after that the prices of most base metals and crude will scale up further, and those spikes could be faster and higher than earlier because it will be backed by strong fundamentals. Sceptics, on the other hand, believe that rising stocks and an unclear view of the global economic recovery would prevent any sharp spike. Moreover, the Dollar may recover which could push metal prices down.Additionally, swelling stocks of most base metals is also expected to dampen prices. Such high stocks will continue to exert pressure on metal prices hence a very sharp rally may not occur.

There is also a cloud over sustainability of global growth. Therefore, flow of positive macroeconomic data in the months ahead will be critical to maintain market

confidence. The effect of stimulus package by various countries has clearly been felt. Will the stimulus be withdrawn or will the effect wane and how soon?Currently, there are no clear answers. The effect of tightening monetary policy (China, for example) and threat of Fed rate hike cannot be overlooked either. Many analysts are wondering whether China's scorching

pace of growth will continue. What happens if there is a slowdown, for whatever reason?Policy changes in the US also deserve to be watched closely. Will role of banks in commodity markets be curtailed? Will the US commodity futures market regulators CFTC step in to impose restrictions on derivatives trading? And finally, how will the dollar behave? Will it strengthen further vis-à-vis the euro or will it weaken? These

imponderables and uncertainties have of course to be factored in.

OutlookThe outlook for 2010 looks positive on current reckoning. One can be more than certain that prices will be polarised by macro conditions. Industrial growth outlook appears positive, with Asia demonstrating robust increase.

Continued Chinese import demand and emerging prospects of OECD demand recovery — largely restocking demand — are also rated high at this point of time. All these are sure to boost metals.

We feel that in the short term, there might some correction in base metal prices because of monetary policy tightening, wariness over the US job market, supply issues at mines, and the weak dollar. But that pullback should provide buyers with fresh impetus.

Base metals - zinc, nickel and tin all look bullish

Usually, after a prolonged period of economic recession, commodity prices take time to recover. What has baffled most analysts is that this time, it is the reverse: commodities staged a comeback much faster and firmer.

Precious metals outlook will be hemmed in by many factors. While expanding automobile sales are set to drive platinum and palladium market higher from the current levels, gold and silver would be vulnerable to dollar strength and weakening investor interest. Less-committed investors may exit their positions in gold, while silver runs a steeper downside risk in the event of a downward movement.

While price performance may not be as attractive as in 2009, in the first half of 2010, the entire base metals complex enjoys an upside potential. A price increase of anything between 15 per cent and 30 per cent appears bright.

Individual demand-supply fundamentals would of course come into play. This opens up investment possibilities. A closer study of the market dynamics will help savvy investors. In case of aluminium, market balances are set to tighten and China is most likely to drive production and consumption growth.Both copper and zinc are to face tightening balance. Nickel and tin are likely to see a small deficit in 2010. Huge automobile demand in Asia will support lead prices. However, there are concerns none can afford to overlook.

Emerging economies strongly indicate that metal prices are poised to enter an exiting phase, marked by a slight correction in the near term, followed by a long bullish phase.

Page 20: magazine April 2010

April,2010 [18] April, 2010 [19]

Risks and Uncertainties

Although most market watchers and analysts believe that the current bull run in base metals will be sustained through 2010, some sceptics feel the rally is running out of steam and is based purely on speculative interest from hedge funds that have shifted focus from currencies to commodities because of the dollar's sustained weakness.

But, this scenario may last a span of six months to a year, and after that the prices of most base metals and crude will scale up further, and those spikes could be faster and higher than earlier because it will be backed by strong fundamentals. Sceptics, on the other hand, believe that rising stocks and an unclear view of the global economic recovery would prevent any sharp spike. Moreover, the Dollar may recover which could push metal prices down.Additionally, swelling stocks of most base metals is also expected to dampen prices. Such high stocks will continue to exert pressure on metal prices hence a very sharp rally may not occur.

There is also a cloud over sustainability of global growth. Therefore, flow of positive macroeconomic data in the months ahead will be critical to maintain market

confidence. The effect of stimulus package by various countries has clearly been felt. Will the stimulus be withdrawn or will the effect wane and how soon?Currently, there are no clear answers. The effect of tightening monetary policy (China, for example) and threat of Fed rate hike cannot be overlooked either. Many analysts are wondering whether China's scorching

pace of growth will continue. What happens if there is a slowdown, for whatever reason?Policy changes in the US also deserve to be watched closely. Will role of banks in commodity markets be curtailed? Will the US commodity futures market regulators CFTC step in to impose restrictions on derivatives trading? And finally, how will the dollar behave? Will it strengthen further vis-à-vis the euro or will it weaken? These

imponderables and uncertainties have of course to be factored in.

OutlookThe outlook for 2010 looks positive on current reckoning. One can be more than certain that prices will be polarised by macro conditions. Industrial growth outlook appears positive, with Asia demonstrating robust increase.

Continued Chinese import demand and emerging prospects of OECD demand recovery — largely restocking demand — are also rated high at this point of time. All these are sure to boost metals.

We feel that in the short term, there might some correction in base metal prices because of monetary policy tightening, wariness over the US job market, supply issues at mines, and the weak dollar. But that pullback should provide buyers with fresh impetus.

Base metals - zinc, nickel and tin all look bullish

Usually, after a prolonged period of economic recession, commodity prices take time to recover. What has baffled most analysts is that this time, it is the reverse: commodities staged a comeback much faster and firmer.

Precious metals outlook will be hemmed in by many factors. While expanding automobile sales are set to drive platinum and palladium market higher from the current levels, gold and silver would be vulnerable to dollar strength and weakening investor interest. Less-committed investors may exit their positions in gold, while silver runs a steeper downside risk in the event of a downward movement.

While price performance may not be as attractive as in 2009, in the first half of 2010, the entire base metals complex enjoys an upside potential. A price increase of anything between 15 per cent and 30 per cent appears bright.

Individual demand-supply fundamentals would of course come into play. This opens up investment possibilities. A closer study of the market dynamics will help savvy investors. In case of aluminium, market balances are set to tighten and China is most likely to drive production and consumption growth.Both copper and zinc are to face tightening balance. Nickel and tin are likely to see a small deficit in 2010. Huge automobile demand in Asia will support lead prices. However, there are concerns none can afford to overlook.

Emerging economies strongly indicate that metal prices are poised to enter an exiting phase, marked by a slight correction in the near term, followed by a long bullish phase.

Page 21: magazine April 2010

April, 2010 [20]

The primary benefit an insured will look for in a

life insurance policy is financial security for their dependents on the event of their death. But they can also enjoy the monetary benefits during their life time apart from the regular protection of their dependents after the policy holder's death. This unique benefit is provided by the endowment life insurance policy Endowment policies cover the risk for a specified period at the end of which the sum assured is paid back to the policyholder along with all the bonus accumulated during the term of the policy. It is this feature - the payment of the endowment to the policyholder upon the completion of the policy's term - which rightly accounts for the popularity of endowment policies.

Typically, one's responsibility for the financial protection of the family reduces significantly once the children are grown up and independently settled. The focus then shifts to managing a smaller family - perhaps only oneself and one's spouse - after retirement. This is where the endowment - the original sum assured and the accumulated bonus - received back comes handy. You can either use the endowment amount for buying an annuity policy to generate a monthly pension for the whole life, or put it in any other suitable investment of your choice. This is the major benefit of an endowment policy over a whole life one. Overall, endowment policies are the most suitable of all insurance plans for covering the risks to a family breadwinner's life. Not only do these policies provide financial risk cover for the family, were the policy holder to die prematurely but the insurance amount is also repaid once this risk is over. The endowment amount can then be used for meeting major expenditures such as children's education and marriage, etc. Alternately, the endowment sum is available for a suitable investment geared to providing an income for the remainder of one's own life. These type of plans are particularly suitable to those who other than having a risk cover are also interested in a savings component simultaneously.

.

How It differs from other plans?

Endowment insurance policies are different when compared with other insurance policies. This policy does not primarily operate to provide life insurance benefits. On the contrary the main objective of an endowment policy lies in offering monetary benefits during the life term of the individual. Life insurance protection comes only after that. Therefore, it is more of an investment than a whole life policy. Endowment life insurance pays the face value of the policy either at the insured's death or at a certain age or after a number of years of premium payment. There are several options for paying the face value of the insurance policy. They can be paid on the death of the insured like any other insurance policy. Other choices include paying them on the attainment of a certain age or after the successful payment of policy premiums. This type of insurance is recommended if you want to save some money for meeting a Particular purpose like funding your child's study in a university. The life insurance cover of endowment policies entitles your dependents to obtain the policy amount in case of your death.

Premium payment Term:

Premium on endowment policies are usually payable for the full term of the endowment policy unless, of course, death were to take place earlier.

Normally endowment plans cost you more. You will have to pay the high premium because at the maturity time you will get the assured amount and

the bonus accrued for the insurance premium as the profits.

Most people argue that endowment plan is not the good option as savings because the return on the investment will be very low compare to the long term investments like which yields 8% with no tax liability. However it purely depends on the individuals decision to choose the appropriate plans.

PPF

Endowment policy is good for young people as it provides them an opportunity not only to cover themselves for risk but also provides financial independence to them in old age by way of maturity benefit. A variation of the Endowment plan is the Endowment plan with Profit or Unit Linked Endowment plan with Profit.

After the entry of private players, a number of innovative variants have been introduced. The features offered, structuring of bonus payments and the riders differentiate the products. To name a few endowment schemes are offered by HDFC Standard Life, Max New York Life, ING Vysya Life, OM Kotak Mahindra and Birla Sun Life.

Endowment

Policy

Page 22: magazine April 2010

““

April ,2010 [21]

Loan Availability:

Loan can be taken against the endowment policy after the policy acquire cash value that is after three years. The loan amount will depend on the surrender value of the policy .

Rider Benefits:You can choose from a wide variety of riders to add on to the basic product at an additional premium for extra protection. The common add-on benefits available are Term Benefit, Critical Illness Cover, Accident Death Cover, Accidental Permanent and Total Disability Cover and Waiver of Premiums. The structuring of the riders is important. The payout in each rider also differs from player to player. For instance, in the critical illness rider, the number of diseases covered under the rider differs for different players.

Different Types of Endowment Policy:

The two different types of Endowment Policy are:-With- Profit-Own-Cost

With –Profit: In this type of insurance policy the insurer prefers a combination of options to invest his/her premiums. Some of them will be invested in financial instruments like shares, debentures and fixed deposits schemes of commercial banks while the others would be invested in purchasing an asset and the like. The premium amount of endowment insurance policies are at par with life insurance price. One can claim a particular amount from the policy if they have met the minimum premium conditions. In case the policy holder's premiums perform well in the market (in the form of investment) the surplus amount will be accumulated to his/her policy and thereby increases its face value. This amount cannot be misrepresented after it is declared to add them. These additions can come in handy to save or at least cut the policy holder's loss in the event of created due to fluctuations in the stock market provided the money is invested in the stock market. This policy is losing its attractiveness due to the facilities given by the next category namely unit linked. This policy provides better return that with profit policy. Under this policy the policy amount is to be employed after the death of the insured. As per this policy the profits

that come by way of the insured's investment is transformed into units of the investments. The number of additional units and the extent to which they increase the profits are also brought to the customer's knowledge.

This type of policy includes the characteristics of a life insurance policy and an endowment savings plan. As the name mentions the objective of this policy is to repay the debts incurred due to a mortgage. The idea is to ensure that sufficient amount is available to repay the whole amount of debt incurred in a mortgage after a specific period of time. It is also to be understood that the customer should continue to pay the interest of the mortgage simultaneously while paying the insurance premiums. They will also be able to claim income tax exemption if they have excess cash even after repaying the mortgage. The policy holder has to arrange for funds to pay the mortgage if the money recouped is not sufficient to cover the same.

Closing an Endowments policy:

Customers have an opportunity to make more money while surrendering their insurance policy if their policy has been in existence for a couple of years. There are lots of dealers in the secondary market who will help the customers to get a decent price. However for practical reasons like probability of getting a lower return it is advised not to surrender the policy unless they are inevitable.

The need of an endowment insurance policies or a life insurance policy depends on the financial needs of the customer and the risks involved. One can seek the advice of chartered accountant or a tax practitioner to know more details. Most of the insurance companies offer affordable life insurance plans. An insurance agent will also able to suggest a suitable endowment policy.

The insurance company will not accept any responsibility to pay any amount above the policy value whether or not you repay the mortgage. This factor and the steep decline in interest rates are considered to be serious drawbacks for this policy. By and large the policy has already lost its charm for these reasons. However many insurance companies have started of a practice requesting employees to pay an increased premium if the market rate predicts that the current premium will not be sufficient to repay the mortgage. Since life insurance price have come down drastically consumers have started to dislike this when compared with affordable life insurances.

Low-Cost Endowments and Endowment Mortgages (Own Cost Policy)

Page 23: magazine April 2010

April ,2010 [22]

- Foundations of Economic Analysis

Book Review

Author - Paul Anthony Samuelson

Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947. It sought to demonstrate a common mathematical structure underlying multiple branches of economics from two basic principles: optimizing behavior of agents and stability of equilibrium as to economic systems (such as markets or economies). Among other contributions, it state the theory of index numbers and generalized welfare economics. It is especially known for definitively stating and formalizing qualitative and quantitative versions of the "comparative static" method for calculating how a change in any parameter (say, a change in tax rates) affects an economic system. The book attempts to show how its purposes can be parsimoniously and fruitfully met in the language of mathematics.

One unifying theme, on the striking formal similarities of analysis in seemingly diverse fields, occurred only in the course of writing on them - from consumer's behavior and production economics of the firm to international trade, business cycles, and income analysis. It dawned on the author that he was prodigal "in proving essentially the same theorems" over and over. His failure of initial intuition, so he suggests, might be less surprising in light of the few economic writings then extant concerned with formulating meaningful theorems - hypotheses about empirical data - that could conceivably be refuted by empirical data.

Samuelson finds three sources of meaningful theorems sufficient to illuminate his purposes:-maximizing behavior of economic units

-economic systems in stable equilibrium

-qualitative properties between two or more variables, such as an alleged technological relation or psychological law

Part I conjectures that meaningful theorems for economic units and for their respective aggregates are almost all derivable from general conditions of equilibrium. The equilibrium conditions can in turn be stated as maximization conditions. So, meaningful theorems reduce to maximizat ion conditions. The calculus of the relations is at a high level of abstraction but with the advantage of numerous applications. Finally, Part I illustrates that there are meaningful theorems in economics, which apply to diverse fields.

Part II concentrates on aggregation of economic units into equilibrium of the system. But the symmetry conditions required for direct maximization of the system, whether a market or even the simplest model of the business cycle, are lacking, in contrast to an economic unit or its corresponding aggregate. What can be hypothetically derived (or rejected in some cases) is a stable equilibrium of the system. (This is an equilibrium of the system such that, if a variable disturbs equilibrium, the system converges to equilibrium.) Stability of equilibrium is proposed as the principal source of operationally meaningful theorems for economic systems.

The generalized Le Chatelier principle is for a maximum condition of equilibrium: where all unknowns of the function are independently variable, auxiliary constraints ("just-binding" in leaving initial equilibrium unchanged) reduce the response to a parameter change. Thus, factor-demand and commodity-supply elasticities are hypothesized to be lower in the short run than in the long run because of the fixed-cost constraint in the short run). In the course of analysis, comparative statics, changes in equilibrium of the system that result from a parameter change of the system, is formalized and most clearly stated. The correspondence principle is that the stability of equilibrium for a system (such as a market or economy) implies meaningful theorems in comparative statics. Alternatively, the hypothesis of stability imposes directional restrictions on the movement of the system. The co r re spondence i s be tween comparative statics and the dynamics implied by stability of equilibrium.

The chapter on welfare economics is described as an attempt "to give a brief but fairly complete survey of the whole field of welfare economics". This Samuelson does in 51 pages, including his exposition of what became known as the Bergson-Samuelson social welfare function.

Theorems derived in welfare economics, he notes, are deductive implications of assumptions that are not refutable, thus not meaningful in a certain sense. Still, the social welfare function can represent any index (cardinal or not) of the economic measures of any logically possible ethical belief system that is required to order any ( h y p o t h e t i c a l l y ) f e a s i b l e s o c i a l configurations as "better than", "worse than", or "indifferent to" each other. It also definitively elucidates the notion of Pareto optimality and the "germ of truth in Adam Smith's doctrine of the Invisible Hand".

The final pages of the book outline possible directions analytical methods might take, including for example models that show how:

-Deficit financing could produce positive short-run effects on the economy that are swamped by adverse long-run effects on c a p i t a l a c c u m u l a t i o n ( s e r i o u s l y reconsidered later as crowding out)

-Declines in age-specific mortality affect the net reproductive rate (whose the implications for population growth are less abstract than they might first appear).

Page 24: magazine April 2010

April ,2010 [22]

- Foundations of Economic Analysis

Book Review

Author - Paul Anthony Samuelson

Foundations of Economic Analysis is a book by Paul A. Samuelson published in 1947. It sought to demonstrate a common mathematical structure underlying multiple branches of economics from two basic principles: optimizing behavior of agents and stability of equilibrium as to economic systems (such as markets or economies). Among other contributions, it state the theory of index numbers and generalized welfare economics. It is especially known for definitively stating and formalizing qualitative and quantitative versions of the "comparative static" method for calculating how a change in any parameter (say, a change in tax rates) affects an economic system. The book attempts to show how its purposes can be parsimoniously and fruitfully met in the language of mathematics.

One unifying theme, on the striking formal similarities of analysis in seemingly diverse fields, occurred only in the course of writing on them - from consumer's behavior and production economics of the firm to international trade, business cycles, and income analysis. It dawned on the author that he was prodigal "in proving essentially the same theorems" over and over. His failure of initial intuition, so he suggests, might be less surprising in light of the few economic writings then extant concerned with formulating meaningful theorems - hypotheses about empirical data - that could conceivably be refuted by empirical data.

Samuelson finds three sources of meaningful theorems sufficient to illuminate his purposes:-maximizing behavior of economic units

-economic systems in stable equilibrium

-qualitative properties between two or more variables, such as an alleged technological relation or psychological law

Part I conjectures that meaningful theorems for economic units and for their respective aggregates are almost all derivable from general conditions of equilibrium. The equilibrium conditions can in turn be stated as maximization conditions. So, meaningful theorems reduce to maximizat ion conditions. The calculus of the relations is at a high level of abstraction but with the advantage of numerous applications. Finally, Part I illustrates that there are meaningful theorems in economics, which apply to diverse fields.

Part II concentrates on aggregation of economic units into equilibrium of the system. But the symmetry conditions required for direct maximization of the system, whether a market or even the simplest model of the business cycle, are lacking, in contrast to an economic unit or its corresponding aggregate. What can be hypothetically derived (or rejected in some cases) is a stable equilibrium of the system. (This is an equilibrium of the system such that, if a variable disturbs equilibrium, the system converges to equilibrium.) Stability of equilibrium is proposed as the principal source of operationally meaningful theorems for economic systems.

The generalized Le Chatelier principle is for a maximum condition of equilibrium: where all unknowns of the function are independently variable, auxiliary constraints ("just-binding" in leaving initial equilibrium unchanged) reduce the response to a parameter change. Thus, factor-demand and commodity-supply elasticities are hypothesized to be lower in the short run than in the long run because of the fixed-cost constraint in the short run). In the course of analysis, comparative statics, changes in equilibrium of the system that result from a parameter change of the system, is formalized and most clearly stated. The correspondence principle is that the stability of equilibrium for a system (such as a market or economy) implies meaningful theorems in comparative statics. Alternatively, the hypothesis of stability imposes directional restrictions on the movement of the system. The co r re spondence i s be tween comparative statics and the dynamics implied by stability of equilibrium.

The chapter on welfare economics is described as an attempt "to give a brief but fairly complete survey of the whole field of welfare economics". This Samuelson does in 51 pages, including his exposition of what became known as the Bergson-Samuelson social welfare function.

Theorems derived in welfare economics, he notes, are deductive implications of assumptions that are not refutable, thus not meaningful in a certain sense. Still, the social welfare function can represent any index (cardinal or not) of the economic measures of any logically possible ethical belief system that is required to order any ( h y p o t h e t i c a l l y ) f e a s i b l e s o c i a l configurations as "better than", "worse than", or "indifferent to" each other. It also definitively elucidates the notion of Pareto optimality and the "germ of truth in Adam Smith's doctrine of the Invisible Hand".

The final pages of the book outline possible directions analytical methods might take, including for example models that show how:

-Deficit financing could produce positive short-run effects on the economy that are swamped by adverse long-run effects on c a p i t a l a c c u m u l a t i o n ( s e r i o u s l y reconsidered later as crowding out)

-Declines in age-specific mortality affect the net reproductive rate (whose the implications for population growth are less abstract than they might first appear).

Page 25: magazine April 2010

Le

Ge

nD

in Stock Market Monitor we have covered over 1000 companies appropriately classified intovarious industries (109 in numbers). each industry is given an unique code. the data aims to pro-vide an insight into the financial health of the companies.

the data of each industry is divided into 3 portions - Full year, Latest Quarter and current data. this database is packed with powerful features like P/e ratio, Market cap., ePS,Sales, net Profit. the fields that we have covered are explained below:

* Year End - the first two digits show the year while the last 2 digits show the calendarmonth. e.g. 0903 shows March 2009 results.

* Equity - the latest subscribed equity capital whether fully paid or not. this figure tallies with the one appearing in balance sheet of the company.

* BV - the Book value per share is calculated by dividing the sum of equity and reserves (excluding revaluation reserve) by the number of equity shares.

* RONW (%) - return on net worth is the figure which appears in the annual report of the company. roWn(%) = { ( net Profit - Preference Dividend ) /(equity paid up + Free reserve excluding revaluation reserve)}* 100

* Net Sales - Sales figure are net of excise duty

* PAT - Profit after tax is the net profit which is calculated without taking into account theincome and expenditure of earlier years. it is before deducting dividend tax

* PATM (%) - this is profit after tax as a percentage of sales.

* Dividend (%) - it is the percentage of the dividend that is declared by the company during the year.

* EPS - earning per share is calculated by reducing the net profit by Preference Dividend and Dividend tax and then dividing it by no of equity shares.

* Market Cap. - Market capitalization is calculated by multiplying the number of equity shares by the current market price.

* PBIDT - this is the Profit before taking into account interest, depreciation and tax.

* PBIDT Margin (%) - this is profit before interest, depreciation and tax (PBiDt) as percent age of sales.

* CMP - current market price is the closing price as on the particular day.

* 52 Week high/low prices - the high and low range is taken for the market price of the last 52 weeks data.

* P/E Ratio - Price earning ratio is the market price divided by the earning pershare (ePS).

* the selected companies are having Market cap greater than rs. 50 crores.

* Data Source: Capital Line

Stock MArket

Monitor

Stock Market Monitor

April 2010 [24]

Page 26: magazine April 2010

April, 2010 [25]

Co_Name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net Sales

Growth

Reported Net

Profit

Book

Value

Year

Ended

Net

Sales Net Sales% PAT

PAT

Growth % TTM eps

CAGR

Sales % CMP

52 Week

H

52 Week

L

Latest

P/E

Market

Cap

Promoter

Holding

Agro Chemicals

Bayer crop Sci. 0903 39.5 23.03 1392.39 19.73 94.46 114.17 0912 359.52 26.67 21.37 222.81 33.63 9.77 628.85 693 189.9 18.41 2483.96 71.11

Dhanuka agritech 0903 9.18 38.77 336.64 35.63 23.2 74.38 0912 96.08 23.26 8.49 69.12 33.42 63.72 259.75 278 130 7.79 238.45 89.91

excel crop care 0903 5.5 21.5 684.77 41.03 27.8 127.21 0912 131.95 31.56 5.86 -237.56 32.88 18.74 163.7 174.3 60.5 4.98 180.07 19.31

insecticid.india 0903 12.68 22.62 263.42 33.43 20.79 79.5 0912 81.81 55.47 5.57 169.08 21.68 28.58 118.6 122.25 32.6 5.47 150.38 74.69

Meghmani organ. 0903 25.43 17.12 774.67 31.27 50.53 17.62 0912 185.41 16.56 19.06 91.56 2.37 25.99 15.46 19.6 5.5 5.02 393.15 49.25

Monsanto india 0903 8.63 25.29 391.09 7.06 73.54 365.48 0912 67.21 2.58 14.76 19.42 77.46 3.03 1773.25 2115 1201 43.07 1530.31 72.15

nag. agrichem 0903 14.9 37.65 605.38 46.36 49.27 101.44 0912 171.41 6.71 18.32 1.05 38.92 24.36 279.5 315.9 58.5 7.18 416.45 78.29

P i inds. 0803 3.54 4.13 416.9 16.76 6.29 192.68 0912 132.69 23.67 10.33 112.99 46.91 17.71 394.2 395.2 117 7.73 279.49 74.99

rallis india 0903 11.98 26.94 833.92 24.25 71.29 217.59 0912 202.87 -2.29 24.06 54.53 71.24 11.26 1201.85 1414 365 16.31 1557.6 50.17

Sabero organics 0903 29.18 35.17 366.66 86.98 21.79 24.97 0912 109.41 24.67 10.25 105 11.55 24.96 73.95 83.4 10.63 6.42 216.45 39.03

United Phosp. 0903 87.91 6.32 2408.47 62.85 147.74 41.35 0912 618.13 -3.97 77.94 1106.5 4.04 23.9 156.1 186 86.1 38.64 6861.38 27.95

Air Transport ServiceJet airways 0903 86.33 0 11476.98 30.85 -402.34 149.97 0912 2722.68 -6.4 105.8 -149.4 18.39 27.19 467.3 605.95 150.1 0 4034.2 80

kF airlines 0903 265.91 0 5269.17 265.56 -1608.83 -83.88 0912 1352.46 -6.59 -419.96 1.59 0 142.42 49.95 73.45 30.05 0 1328.22 66.27

Balaji Distill. 0903 53.02 -23.91 1475.07 22.07 9.47 -50.29 0912 151.28 -8.51 -12.61 16.44 1.13 32.1 46.55 50.9 18.2 0 246.81 12.4

G M Breweries 0903 9.37 18.6 283.9 10.58 9.05 55.35 0912 59.58 3.47 2.02 -27.08 9.43 28.27 78.25 108 54.15 8.31 73.24 74.29

indage Vintners 0803 14.58 18.94 181.75 46.57 39.9 185.14 0912 6.17 -92.33 -13.91 -252.02 0 53.67 51.35 123.7 41 0 94.84 23.12

Jagatjit inds. 0903 51.94 -1.85 584.25 4.5 -4.51 45.05 0912 187.9 16.23 3.6 -159.8 1.11 10.28 65.2 83.8 45 203.75 300.9 37.62

khoday india 0903 37.59 -3.85 112.24 -7.1 -3.49 25.89 0912 40.09 15.57 0.9 80 0.33 -3.63 58.65 79.25 23.65 0 220.82 89.54

Millennium Beer 0903 5.48 0 234.47 24.77 -13.28 -36.72 0912 58.08 27.34 -3.85 -52.7 0.25 25.75 15 21.65 7.85 0 82.2 88.95

Pioneer Distil. 0903 11.79 22.44 72.99 8.33 7.86 27.54 0912 8.37 -67.8 1 -41.52 5.16 23.79 41.35 74.95 14.05 11.88 53.71 54.99

radico khaitan 0903 20.49 4.89 691.2 -13.89 6.53 21.59 0912 228.97 34.21 11.53 -269.56 3.15 17.7 129.55 133.95 56.1 93.2 1333.07 48.52

tilaknagar inds. 0903 5.73 41.57 232.93 60.83 21.25 93.93 0912 100.24 58.93 9.33 54.21 11.48 32.79 124.45 129.45 20 16.18 376.96 74.25

United Breweries 0903 24 9.19 1689.62 23.57 62.49 34.78 0912 446.6 18.37 21.26 1346.26 3.62 30.16 185.15 201 85 43.87 4443.6 74.98

United Spirits 0903 100.16 11.68 4065.73 29.59 296.66 306.61 0912 1346.78 30.85 96.85 216.61 36.44 30.57 1373.15 1513.9 633.4 49.84 17245.39 29.16

Auto AncillariesaBc Bearings 0903 11.55 8.83 133.86 -19.32 6.58 66.04 0912 40.02 74.61 7.8 9650 12.35 7 93.05 101 23.2 9.28 107.47 32.08

amtek auto 0906 28.2 6.34 1052.46 -17.93 152.23 180.34 0912 302.18 25.21 35.08 72.05 10.42 15.78 173.1 239.3 69 22.19 3338.23 35.76

amtek india 0906 22.43 3.72 720.6 -26.2 54.06 131.41 0912 242.54 39.78 20.35 208.33 5.5 20.78 69.75 76.5 29.3 13.31 836.65 37.7

anG auto 0903 12.54 -1.36 115.44 -19.33 -1.18 67.06 0912 32.03 37.41 16.06 -2107.5 17.17 61.58 42.3 62.95 23.9 0 53.04 48.38

auto.corp.of Goa 0903 6.42 13.24 324.29 -2.17 19.45 205 0912 86.51 23.64 4.58 157.3 8.91 23.55 235.25 284.5 123 0 151.03 48.68

autoline inds. 0903 12.2 2.88 234.07 -12.21 4.57 142.03 0912 66.26 54.89 3.18 214.85 6.09 35.59 117.95 155.4 51.15 19.56 143.9 26.62

automotive axles 0909 15.11 5.61 266.31 -64.34 9.66 115.63 0912 136.3 173.97 6.44 9100 10.63 1.3 351.25 436.9 80 33.07 530.74 71.04

automotive Stamp 0903 10.2 -8.59 345.62 14.83 -2.42 37.86 0912 108.74 42.68 2.12 -152.61 2.44 14.4 76.55 88.3 21 27.44 78.08 81.36

Banco Products 0903 14.3 27.23 287.91 -3.66 41.46 23.65 0912 106.58 67.87 19.24 289.47 9.47 20.21 88.55 99 17.3 9.37 633.13 66.8

Bharat Seats 0903 6.28 10.86 219.3 10.3 2.76 8.2 0912 84.74 71.33 1.01 236.67 1.65 14.26 19.5 27.2 5.11 11.82 61.23 74.38

Bimetal Bearings 0903 3.83 6.43 119.95 19.81 7.35 303.99 0912 31.97 14.59 2.57 497.67 18.53 11.82 242.55 285 118.45 13.12 92.9 73.88

Bosch 0812 32.02 19.54 4601.82 6.39 633.87 966.72 0912 1318.58 35.32 158.19 67.89 187.5 19.38 4834.35 5164 2889.05 25.7 15179.86 71.18

ceekay Daikin 0903 4.03 -49.45 103.88 3.39 -7.48 28.24 0912 36.19 52.51 -0.31 -92.79 0.3 13.26 168.6 175 17.8 0 67.95 30.62

clutch auto 0903 16.32 3.8 197.54 -8.94 4.46 73.25 0912 57.78 43.77 2.33 52.29 4.49 22.09 65.7 90.2 15.35 14.63 107.16 26.78

Denso india 0903 27.88 9.6 531.07 14.05 18.08 69.91 0912 188.29 53.77 6.32 307.74 8.37 14.51 89.25 107 27.5 10.66 248.83 73.47

enkei castalloy 0903 5.5 -19.22 300.7 -7.21 -11.51 42.59 0912 97.68 40.18 0.45 -107.01 0.44 57.77 110.1 119.1 18.48 0 121.11 35.33

exide inds. 0903 80 25.77 3760.98 19.09 284.39 15.22 0912 912.57 15.85 130.48 132.38 5.88 28.89 115.6 128.1 38.05 20.87 9826 48.87

Fag Bearings 0812 16.62 26.65 746.33 16.42 95.72 242.27 0912 216.25 19.34 16.45 -22.95 39.44 22.83 511.3 679.9 233 11.62 849.78 51.33

Fairfield atlas 0903 27.32 7.86 112.65 -27.32 2.19 8.25 0912 21.46 -5.34 5.2 484.27 2.83 18.13 38.75 48.2 13.07 14.04 105.86 83.91

Federal-Mogul Go 0812 55.63 0 689.49 14.25 -6.89 53.41 0909 204.42 16.52 23.68 -927.97 8.87 11.67 156.65 182 28.1 24.63 871.44 74.98

Fiem inds 0903 11.96 5.1 219.35 23.7 4.61 68.29 0912 74.03 33.63 2.54 6250 6.32 27.65 99.45 124.9 42 15.74 118.94 67.46

Gabriel india 0903 7.19 0.79 525.21 12.52 5.61 18.41 0912 183.34 51.43 5.79 14375 2.57 7.58 33.5 43.9 6.35 13.09 240.53 44.64

Halonix 0903 28.02 1.15 384.12 7.71 1.63 50.68 0912 102.74 -10.63 -6.89 -1425 1.92 21.02 85.05 108.9 36.75 0 238.31 66.06

Harita Seating 0903 7.77 -27.27 196.24 2.72 -8.92 36.46 0912 65.72 54.67 0.61 -113.41 0.78 16.36 103.75 114.35 38.7 0 80.61 66.42

Hi-tech Gears 0903 9.38 15.93 292.95 3.75 7.69 47.71 0912 75.74 24.9 3.95 9775 13.36 19.31 121.7 148.95 29.15 9.1 114.15 54.8

Hind.composites 0903 5.5 6.51 77.4 8.12 0.41 40.87 0912 20.7 7.14 0.27 28.57 4.21 6.66 401.65 480 85 48.04 220.91 62.61

i M P a L 0903 4.16 19.06 300.56 23.3 17.38 233.05 0912 98.21 42.19 6.35 82.47 54.22 9.28 448.1 545 133 8.27 186.41 47.66

india nipp.elec. 0903 8.08 8.69 128 6.43 11.75 171.25 0912 41.48 32.23 4.04 -12.36 19.51 -3.07 208.35 270 84.6 10.68 168.35 66.39

iP rings 0903 7.04 2.54 48.49 -10.22 1.09 61.26 0912 16.84 112.63 1.34 -291.43 5.75 3.3 76.8 102.55 27.15 14.55 54.07 51.83

Jamna auto inds. 0903 36.53 0 452.45 -3.12 -16.39 17.43 0912 145.09 105.45 1.86 -115.68 1.53 33.68 72.5 81.5 9.71 0 264.84 44.77

Jay Bharat Mar. 0903 10.83 14.6 691.74 5.27 10.36 34.57 0912 203.76 31.62 5.41 400.93 7.49 14.4 73.95 84.05 20.8 9.87 160.03 58.57

JBM auto 0903 10.2 9.49 216.36 16.2 12.85 56.72 0912 57.03 7.77 2.39 1891.67 7.12 40.15 69.55 80.8 20.2 7.69 70.94 62

JMt auto 0903 14.4 3.53 195.34 -6.62 3.46 69.22 0912 47.11 30.72 0.57 119.23 1.72 23.44 59 77.75 20.05 36.2 84.96 45.07

L G Balakrishnan 0903 7.85 9.4 507.6 -7.69 39.14 17.87 0912 141.17 38.42 6.05 31.81 23.6 13.41 227.5 271.5 80.1 9.3 178.59 46.22

Lumax auto tech. 0903 11.63 1.52 161.27 -8.98 0.57 31.69 0912 66.73 61.38 2.95 426.79 5.16 22.29 115.8 124 15.1 25.96 134.68 53.88

Lumax inds. 0903 9.35 -1.21 524.39 0.49 -1.62 141.8 0912 152.91 18.76 2.65 -178.87 7.94 17.83 172.7 237 62.1 28.93 161.47 73.68

Minda inds. 0903 10.51 21.89 445.85 12.57 15.17 70.45 0912 161.05 51.21 5.7 185 21.15 23.72 294.7 362 84 13.94 309.73 70.7

Motherson Sumi 0903 35.56 17.08 1294.94 -0.63 69.54 11.64 0912 436.97 49.69 60.02 421.01 3.85 23.15 136.25 155.4 59.5 34.58 4969.04 71.06

Munjal auto inds 0903 10.02 17.98 235.11 8.28 11.25 66.62 0912 71.73 25.56 3.48 47.46 14.46 8.12 100.95 132.1 30.5 7.02 100.95 74.8

Munjal Showa 0903 8 12.96 829.39 16.92 20.69 41.33 0912 233.64 21.03 3.41 2173.33 5.74 15.46 46.9 68.05 21.05 8.17 187.6 65.01

nrB Bearings 0903 9.69 2.4 291.66 -8.92 4.26 36.02 0912 91.45 45.46 6.6 -558.33 3.65 10.8 69.65 79.9 30.1 19.13 337.45 73.75

omax autos 0903 21.39 2.99 810.66 13.6 6.77 68.07 0912 209.95 13.82 -0.14 -112.5 5.24 15.43 55.5 71 15 24.34 118.71 52.14

Perfect circle i 0903 3.33 0 73.68 -4.27 -0.09 8.76 0709 18.29 -2.66 -0.89 -73.98 0.2 5.78 34 0 0 0 113.22 88.62

Pricol 0903 9 -17.47 642.85 1.46 -30.02 17.43 0912 188.63 37.39 10.15 -161.07 1.83 10.59 23.6 27.4 6.15 17.61 212.4 35.83

rico auto inds 0903 12.56 1.75 727.91 2.71 4.75 21.71 0912 169.31 5.22 -4.93 220.13 0.66 6.73 25.05 32.8 8.2 131.84 314.63 46.24

Samkrg Pistons 0903 9.82 12.69 99.13 5.58 13.29 45.3 0912 35.02 57.82 1.64 209.43 16.72 8.09 64.85 83 27.55 12.4 63.68 66.34

Schrader Duncan 0903 3.7 3.51 52.66 -6.01 1.09 84.84 0912 16.25 42.05 0.63 -175 5.18 7.97 147.3 215 75.6 28.38 54.5 74.5

Setco automotive 0903 8.82 30.84 163.29 13.74 11.47 55.29 0912 54.43 113.37 4.41 -268.97 15.89 27.49 170.3 188 115 10.71 150.2 65.05

SkF india 0812 52.73 21.45 1627.37 3.82 127.66 122.35 0912 464.18 26.63 31.09 90.85 18 28.31 358.05 395 135 17.93 1888 53.58

Sona koyo Steer. 0903 19.87 0 719.87 1.03 -31.03 8.39 0912 221.21 47.17 6.89 -139.97 0.58 25.2 18.75 24.05 5.75 56.82 372.56 52.65

Steel Str. Wheel 0903 13.07 7.18 317.31 21.68 7.79 89.5 0912 115.64 94.09 2.37 -182.87 6.78 32.37 108.95 125 36.7 15.45 148.39 52.03

Subros 0903 12 7.49 694.48 4.79 13.41 30.66 0912 228.23 68.06 8.75 941.67 3.25 7.12 44 52.65 14.2 13.54 264 40.01

Sundaram Brake 0903 2.71 13.4 171.34 -8.69 4.51 270.55 0912 54.59 42.83 2.71 1405.56 19.27 7.43 231.05 267 93.18 8.5 90.8 64.53

Sundaram clayton 0903 9.48 2.64 492.37 15.33 6.33 126.37 0912 142.36 31.36 5.19 -282.11 2.68 3.36 110.5 144 30 128.49 419.24 80

Suprajit engg. 0903 6 21.81 163.51 18.74 11.63 48.03 0912 55.22 40.4 6.94 328.4 1.66 18.73 18.95 18.95 3.7 11.42 227.4 50.99

talbros auto. 0903 12.35 -2.33 192.33 10.23 -1.63 56.25 0912 57.85 41.89 1.95 -329.41 2.52 18.5 55 64.4 15.3 0 67.93 40.87

timken india 0812 63.72 19.59 408.23 19.22 53 46.61 0912 79.17 -18.81 5.69 -45.39 4.21 13.05 107.6 150.45 54.05 21.1 685.73 80.02

Ucal Fuel Sys. 0903 13.9 0.19 300.47 0.8 0.38 141.19 0912 93.8 42.01 1.12 -167.88 2.46 3 70.9 109.8 24.75 53.31 156.76 70.49

Wheels india 0903 9.87 11.42 1128.02 -0.19 21.15 195.13 0912 350.72 64.23 6.98 -310.88 12 16.76 230.7 270 103.75 307.6 227.7 85.7

Z F Steering 0903 9.07 12.71 166.11 -25.37 14.31 127.91 0912 58.33 118.14 8.21 458.5 21.4 5.86 251.6 290.9 73 11.76 228.45 73.15

Automobiles

ashok Leyland 0903 133.03 8.44 6126.01 -22.8 190 15.85 0912 1815.53 80.74 104.63 453.89 1.92 12.23 54.05 56.8 16.35 27.58 7190.27 38.61

Daewoo Motors 0203 511.18 0 221.78 -74.48 -325.19 1.51 0212 4.76 -86.63 -55.76 -2.3 0 -19.77 6.71 0 0 0 343 91.63

eicher Motors 0912 12.66 8.63 375.07 -45.69 37.53 306.85 0912 97.56 25.01 17.77 52.53 13.92 -28.32 621.6 689 184 45.27 1659.05 55.91

escorts 0909 90.71 7.17 2158.44 8.34 89.73 150.94 0912 600.22 21.19 23.4 -6982.35 12.44 14.47 148.95 161.3 34.4 12.6 1404.9 30.1

Force Motors 0903 13.18 -70.95 750.5 -17.12 124.56 172.63 0912 216.57 59.77 7.03 -96.5 11.36 -4.5 356.9 408.7 56 0 470.39 51.76

Hero Honda Motor 0903 39.94 37.77 12315.24 19.16 1281.76 190.32 0912 3814.42 32.72 535.77 78.34 101.91 16.13 1968.4 1977 984.1 19.32 39308.95 54.96

Hind.Motors 0903 161.26 0 626.65 -11.07 -38.86 5.17 0912 149.11 35.27 -24.89 -326.48 1.7 -4.23 22.05 29.3 11.5 0 355.38 27.14

HMt 0903 760.35 0 160.22 -5.17 -70.79 4.04 0912 44.2 51.21 -12.42 -28 0 2.75 80.65 106.4 28.15 0 6132.22 98.88

kinetic engg. 0906 6.63 0 64.31 -22.15 -37.96 41.64 0906 14.18 12.09 -12.54 49.11 0 -22.93 85.1 104.15 35.2 0 88.25 55.3

kinetic Motor co 0809 21.07 0 139.32 -35.87 -114.82 -70.18 0906 1.13 -95.22 15.02 -172.74 46.79 -15.43 24.6 34.6 6.5 129.47 51.83 51.74

LML 0909 81.98 0 155.73 46.03 -51.62 -40.76 0912 54.87 219.76 -8.26 -72.55 0 -30.26 9.65 13.05 5.61 0 79.11 26.57

M & M 0903 272.62 18.1 12926.82 14.58 867.51 192.58 0912 4478.7 56.32 413.7 848.85 71.89 21.26 1073.3 1196.7 346.25 16.61 31041.98 27.23

Mah. Scooters 0903 11.43 4.3 2.5 -7.41 10.9 174.51 0912 1.08 52.11 -1.23 10.81 8.97 -40.24 381.95 409 64.5 69.07 436.57 51

Majestic auto 0903 10.4 15.03 118.43 4.04 4.56 31.5 0912 30.31 24.94 0.33 -294.12 6.01 -4.2 68.05 80.9 22.35 11.25 70.77 75

Maruti Suzuki 0903 144.5 13.72 20530.1 14.75 1218.7 323.35 0912 7372.65 62.5 687.53 221.92 72.15 17.66 1429 1740 708.15 19.81 41286.67 54.21

Scooters india 0903 42.99 0 122.24 -8.3 -27.65 -3.12 0912 26.78 -9.13 -6.55 -23.84 0 -2.03 28.25 47.55 11.05 0 121.45 95.38

Swaraj Mazda 0903 10.49 5.04 540.52 -18.73 4.79 92.01 0912 187.3 347.02 5.9 -156.19 13.72 2.57 230.25 308.65 101.04 21.24 333.17 53.52

tata Motors 0903 514.05 5.34 25415.03 -10.94 1001.26 237.43 0912 8929.8 89.45 400.14 -251.99 42.91 14.53 783.7 842 155 25.49 42648.17 38.08

tVS Motor co. 0903 23.75 3.81 3670.92 14.02 31.08 34.11 0912 1072.62 25.77 23.53 -2551.04 2.78 5.41 79.4 81.75 19.65 22.43 1885.75 60.45

Page 27: magazine April 2010

April 2010 [26]

Co_Name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net

Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended Net Sales

Net

Sales% PAT

PAT

Growth % TTM eps

CAGR

Sales % CMP

52 Week

H

52 Week

L

Latest

P/E

Market

Cap

Promoter

Holding

VSt till. tract. 0903 5.76 36.36 274.14 45.37 28.91 158.75 0912 71.86 2.97 7.51 -6.48 43.82 21.95 305.65 386.67 80.67 6.98 264.08 54.86

Banks

allahabad Bank 0903 446.7 16.49 7364.73 19.34 768.6 111.45 0912 2107.76 11.05 345.37 -6.52 27.89 22.51 142.8 147.9 37.15 5.12 6378.88 55.23

andhra Bank 0903 485 18.94 5374.62 27.68 653.05 75.2 0912 1602.56 15.92 275.39 29.48 30.23 19.27 100.5 124.7 40.55 4.84 4874.25 51.55

axis Bank 0903 359.01 19.13 10835.49 54.68 1815.36 284.49 0912 2883.65 -3.39 655.98 30.97 62.77 46.63 1155.15 1175 340 20.04 46728.13 38.77

Bank of Baroda 0903 365.53 18.65 15091.58 27.75 2227.2 351.15 0912 4176.97 1.68 832.49 17.52 79.74 19.68 617.1 632.6 202.6 7.8 22647.57 53.81

Bank of india 0903 525.91 29.18 16347.36 32.31 3007.35 224.08 0912 4486.23 3.29 405.5 -53.51 40.44 23.05 327.2 474.7 196 8.09 17183.56 64.47

Bank of Maha 0903 430.52 19.59 4291.56 24.74 375.17 47.97 0912 1216.98 8.02 112.04 -7.14 10.16 14.31 49.75 58 19.85 4.89 2141.84 76.77

Bank of rajasth. 0903 161.35 20.07 1383.61 31.84 117.71 39.88 0912 344.84 -7.03 -44.7 -190.84 2.34 22.44 58.75 98 33.05 0 947.93 28.6

canara Bank 0903 410 22.61 17119.05 20.55 2072.42 244.87 0912 4687.81 1.35 1052.58 50.05 78.95 19.37 407.85 441.5 145.9 5.17 16721.85 73.17

central Bank 0903 404.14 15.27 10455.19 32.61 571.24 86.26 0912 3131.3 15.03 306.44 -13.25 21.37 15.6 150.45 178.9 31.05 6.4 6080.29 80.21

city Union Bank 0903 32 19.89 804.4 34.98 122.13 20.65 0912 242.57 17.47 40.65 26.52 3.99 23.84 27.45 33.8 9.83 7.63 1098 0

corporation Bank 0903 143.44 19.57 6067.35 34.34 892.78 341.36 0912 1860.64 14.61 305 18.92 77.96 22.48 445.45 481 164 5.71 6389.53 57.17

Dena Bank 0903 286.82 24.05 3447.5 28.84 422.66 67.95 0912 1015.9 6.31 134.52 -4.16 16.93 14.71 79.35 93 30.25 4.69 2275.92 51.19

Dev.credit Bank 0903 174.3 0 645.2 14.74 -88.1 30.89 0912 109.05 -34.94 -18.09 460.06 0 12.85 33.8 48.65 15.8 0 675.93 23.11

Dhanalaksh.Bank 0903 64.12 19.26 408.42 30.7 57.45 66.2 0912 139.84 25.14 1.32 -92.19 6.24 16.41 132.8 178.4 44.85 21.32 851.51 0

Federal Bank 0903 171.03 12.15 3315.38 31.8 500.49 252.57 0912 944.64 7.78 110.25 -45.93 27.01 22.7 258.75 288 128.4 9.58 4425.4 0

HDFc Bank 0903 425.38 16.91 16332.26 61.47 2244.94 344.44 0912 4034.81 -9.71 818.5 31.65 63.8 44.99 1818.2 1836 810.15 30.29 83088.1 23.87

i o B 0903 544.8 24.8 9641.4 24.59 1325.79 109.06 0912 2570.14 -1.09 101.7 -73.82 16.56 20.76 88.7 141 42.5 5.13 4832.38 61.23

icici Bank 0903 1113.29 7.83 31092.55 0.99 3758.13 444.92 0912 6089.57 -22.29 1101.06 -13.45 33.8 28.13 954.85 983.7 314.5 28.28 106429.49 0

iDBi Bank 0903 724.78 12.05 11631.63 44.66 858.54 102.71 0912 4007.8 23.93 287.15 28.98 14.16 11.19 118.05 140 43.6 8.34 8556.74 52.67

indian Bank 0903 429.77 24.09 6830.33 31.03 1245.32 127.52 0912 2014.78 12.93 441.38 25.86 34.72 20.69 170.05 195.7 75 4.75 7308.24 80

indusind Bank 0903 355.19 13.27 2309.47 22.8 148.34 40.19 0912 702.92 12.02 88.04 95.38 8.06 18.55 173.65 174.35 30 23.53 7127.46 22.2

inG Vysya Bank 0903 102.6 12.5 2239.89 33.29 188.78 155.37 0912 542.97 -12.45 60.58 16.39 20.76 19.37 266.6 326.7 109.1 14.31 3198.13 44.75

J & k Bank 0903 48.49 16.62 2988.12 22.75 409.84 540.91 0912 761.55 -4.81 139.99 16.01 96.96 14.46 658.45 706 222.15 6.79 3192.17 53.17

karnataka Bank 0903 121.58 18.1 1917.4 22.87 266.7 128.89 0912 527.62 2.99 36.61 -58.98 14.5 17.71 119.2 174.35 62.15 9.06 1597.16 0

karur Vysya Bank 0903 53.95 18.57 1446.09 30.7 235.84 250.26 0912 451.22 20.28 75.87 28.05 59.48 17.43 441.85 452 190 7.49 2404.99 3.64

kotak Mah. Bank 0903 345.67 7.51 3065.14 20.9 276.1 110.33 0912 832.42 3.6 142.38 100.17 13.31 60.44 746.15 878 255.1 56.27 25947.37 48.27

Lak. Vilas Bank 0903 48.78 11.54 657.61 29.95 50.3 93.01 0912 236.6 36.06 6.77 -64.55 12.14 18.12 74.7 95.45 40.1 10.25 731.61 0.82

oriental Bank 0903 250.54 14.81 8856.47 29.72 905.42 257.54 0912 2671.59 11.29 289.43 14.77 40.45 21.82 295.7 312.3 100.45 7.31 7408.47 51.09

Punjab natl.Bank 0903 315.3 25.84 19326.16 35.48 3090.88 416.74 0912 5505.54 4.06 1011.31 0.55 115.31 19.96 964 970 330.1 8.36 30394.92 57.8

S B t 0903 50 30.64 4123.15 20.06 607.84 449.98 0912 1116.23 0.67 164.96 -36.76 131.82 18.83 602.15 673 194.25 4.57 3010.75 75

South ind.Bank 0903 113.01 16.04 1686.92 30.64 194.75 113.76 0912 487.79 10.49 62.46 15.24 21.72 19.9 156.6 171 47.55 7.21 1769.74 0

St Bk of Bikaner 0903 50 21.46 3810.28 24.84 403.45 409.29 0912 978.36 -5 51.25 -32.38 87.4 19.35 449.05 540 181 5.14 2245.25 75

St Bk of india 0903 634.88 17.05 63788.43 30.31 9121.23 912.73 0912 17779.69 4.09 2479.05 0.03 158.21 15.93 2058.5 2500 936.4 13.01 130690.05 59.41

St Bk of Mysore 0903 36 22.1 3247.28 30.18 336.91 464.2 0912 900.66 2.65 141.31 -22.61 103.45 25.17 637 785.55 316.1 6.15 2293.2 92.33

Syndicate Bank 0903 521.97 21.58 9579.64 21.16 912.82 88.03 0912 2455.54 -3.04 205.72 -42.27 16.32 25.44 86.45 105.4 45.25 5.3 4512.43 66.47

Uco Bank 0903 549.36 21.13 8121.38 24.78 557.71 50.88 0912 2374.72 11.7 245.82 43.23 13.38 21.27 56.8 64.75 23.15 4.41 3120.36 63.59

Union Bank (i) 0903 505.12 27.24 11889.38 29.03 1726.55 139.66 0912 3293.55 1.08 534.13 -20.49 38.53 21.36 271.9 291.4 125.6 7.06 13734.21 55.43

Vijaya Bank 0903 433.52 11.86 5237.83 34.7 262.48 53.47 0912 1344.31 -2.35 124.57 -20.65 11.04 21.97 48 58.75 22 4.35 2080.9 53.87

Cables

aksh optifibre 0903 29.48 0 240.08 107.92 -48.03 33.42 0912 1.43 -97.33 -1.99 -85.98 0 24.52 20.3 27.6 9.05 0 123.02 28.62

Bhagyanagar ind 0903 14.9 4.83 189.63 -5.16 11.04 29.67 0912 41.6 -0.22 2.93 581.4 2 17.37 25.2 31.5 15.4 15.56 187.74 61.35

cable corpn. 0903 33.49 -37.83 94.1 -13.87 -32.42 36.27 0912 26.17 39.28 -8.83 -1.01 0 8.73 22.75 28.9 9 0 142.64 75

Diamond Power 0903 21.05 30.75 600.78 23.44 52.77 101.48 0912 209.88 49.51 13.9 -12.58 18.2 62.48 127.8 189.53 48.34 7.02 358.61 46.16

Finolex cables 0903 30.59 6.3 1352.14 -2.18 -35.49 38.98 0912 413.49 75.24 12.28 -125.88 4.3 24.56 49.8 71.3 18.25 7.3 761.69 35.13

kei inds. 0903 12.19 3.95 981.48 12.89 1.25 32.25 0912 243.72 -2.36 4.18 -117.08 4.66 58.98 32.25 42.75 9 0 196.56 35.85

nicco corpn. 0903 18.15 0 340.96 -21.74 -52.92 -0.25 0912 66.41 2.74 -17.06 -25.89 0 8.99 5.34 9.51 3.87 0 50.38 26

Paramount comm. 0903 16.9 -16.75 455.35 4.4 -29.36 18.51 0912 71.6 -37.41 4.59 -118.27 7.02 43.86 12.22 18.4 6.25 0 103.26 28.16

rPG cables 0903 41.46 0 354.9 17.33 -7.05 6.16 0912 73.15 -9.69 40.89 -1840 10.81 28.29 25.85 30 8.6 0 107.17 33.42

Sterlite tech. 0903 32.27 15.69 2289.23 35.95 90.15 95.4 0912 867.27 35.09 73.72 134.4 6.75 90.96 89.35 95.7 11.38 13.73 2888.24 43.52

Surana telecom 0903 10.4 3.89 90.29 50.94 2.82 33.31 0912 22.78 -6.26 2.19 2090 2.53 17.29 38.85 49.65 17.8 15.92 80.81 59.39

torrent cables 0903 8.6 11.55 137.84 -38.53 10.07 143.64 0912 41.38 -16.49 4.17 46.32 18.06 10.62 119.6 172.35 48.25 6.62 102.86 61.01

Universal cables 0903 23.13 4.12 578.02 18.51 7 74.37 0912 130.53 4.94 6.79 7444.44 9.31 33.04 83.85 99.7 31.1 8.99 193.95 52.92

Vindhya telelink 0903 11.82 -4.22 251.42 21.71 -9.36 183.74 0912 53.26 -31.88 6.15 -149 12.32 38.3 193.5 224.3 81.05 15.74 229.3 43.52Capital Goods

a B B 0812 42.38 29.46 6837.03 15.29 547.41 99.32 0912 1885.24 -12.98 109.61 -43.24 16.74 36.02 846.8 880 363.1 50.59 17943.69 52.11

alstom Projects 0903 67.02 36.27 2290.28 48.04 134.89 59.7 0912 451.38 -15.93 33.95 8.19 21.74 31.17 589.2 621 223.7 27.08 3948.82 66.48

amara raja Batt. 0903 17.08 21.79 1317.72 21.64 80.48 47.49 0912 366.85 10.43 39.86 112.93 18.54 49.6 166.9 182.5 32.1 9.21 1425.33 52.06

apar inds. 0903 32.34 2.2 2436.4 43.52 5.31 86.97 0912 520 -17.5 22.22 -2278.43 21.38 30.71 204.45 214.9 75 19.85 660.99 62.15

areva t&D 0812 47.82 35.6 2641.09 31.63 226.32 30.27 0912 1159.87 23.54 68.08 23.24 8.04 36.59 277.45 386 175.5 33.75 6633.83 72.18

asian electronic 0903 14.53 -0.89 211.74 -1.96 5.02 74.86 0912 77.9 42.67 0.14 -91.36 0.44 20.58 30.15 52.25 19.4 8.4 92.62 0

B H e L 0903 489.52 26.47 26590.14 36.46 3138.21 264.32 0912 7100.34 17.9 1072.59 35.67 76.58 27.12 2372.8 2550 1367.5 30.98 116153.3 67.72

Best & crompton 0903 123.84 14.93 171.45 91.48 24.46 12.94 0912 15.16 78.98 7.12 -161.12 0.56 65.21 20.7 30.65 9.13 0 256.35 65.6

Bharat Bijlee 0903 5.65 25.83 541.98 -3.7 47.53 353.08 0912 161.32 15.18 7.4 -44.49 67.3 21.93 916.5 1170 354.1 13.61 517.82 35.66

Birla Power Sol. 0903 42.47 1.68 225.89 3.91 3.17 44.93 0912 55.17 8.22 1.3 26.21 0.4 26.05 3.8 5.49 0.9 54.29 272.5 16.93

crompton Greaves 0903 73.32 37.05 4658.66 19.2 397.09 33.48 0912 1223.76 13.34 135.43 59.76 8.06 22.4 244.3 264.4 56.97 30.31 15671.84 40.92

easun reyrolle 0903 4.15 4.57 138.4 -25.33 7.53 81.32 0912 45.39 36.27 49.62 5669.77 25.07 27.77 91.05 119.95 38.7 45.3 188.93 27.29

ece inds. 0903 4.39 1.91 209.96 14.39 6.02 224.31 0912 39.49 -6 9.92 978.26 35.19 23.75 199.8 299 93 15.92 87.71 42.78

elpro intl. 0903 3.95 0 12.45 -54.11 -2.84 92.78 0912 2.85 -5.63 -5.3 42.86 21.63 -24.94 696.95 759.9 233.1 0 321.29 54.74

eMco 0903 11.77 12.71 996.26 5.51 53.1 71.37 0912 208.1 0.08 10.05 22.56 25.42 45.34 85 109.45 27.55 9.03 499.8 33.41

Havells india 0903 30.08 18.14 2199.9 7.19 145.23 154.91 0912 590.81 21.56 58.93 418.75 35.12 43.39 567.65 633.9 121.2 16.17 3414.98 60.14

Honda Siel Power 0903 10.14 8.28 236.23 -5.72 15.64 191.73 0912 104.64 113.81 11.32 327.17 11.33 4.81 353.45 408.2 124 15.88 358.4 67.67

igarashi Motors 0903 13.87 0 257.82 -5.91 -60.28 16.33 0912 43.83 23.95 2.13 -109.26 1.53 38.52 44.65 53.85 10 0 61.93 59.99

iMP Powers 0906 8.14 24.93 190.61 41.94 15.72 97.22 0912 51.54 49.61 1.47 -27.23 18.18 38.27 105.15 168.1 32.5 6.31 85.59 40.48

indo tech 0903 10.62 28.96 214.61 7.88 38.97 137.82 0912 21.75 -60.55 -0.18 -101.46 3.37 31.21 292.5 377.7 221 68.18 310.64 74.35

Jyoti 0903 12.98 9.19 253.07 22.27 4.64 41.75 0912 63.63 7.19 1.84 -6.12 3.22 31.05 53.85 70.95 25.05 18.96 69.9 22.3

Jyoti Structures 0903 16.33 21.04 1715.96 25.11 79.74 51.04 0912 508.72 18.24 23.36 29.35 10.74 41.89 164.15 197 49.3 15.36 1346.03 26.82

kalpataru Power 0903 26.5 11.77 1867.58 9.42 94.41 315.64 0912 715.82 71.76 44.07 120.9 51.4 40.33 1035.6 1250 275.5 20.15 2744.34 63.68

kirl. electric 0903 50.52 23.81 865.96 5.5 30.21 27.2 0912 212.49 25.27 12.01 128.76 8.48 32.69 84.15 100.8 19 9.51 425.13 49.15

Lak. electrical 0903 2.46 11.97 101.25 -13.84 5.4 193.09 0912 29.18 64.3 2.24 -1700 21.12 31.32 224.3 280 88.5 12.89 55.18 21.7

Modison Metals 0903 3.25 15.45 77.23 -26.64 7.43 16 0912 23.59 37.15 3.18 467.86 2.71 20.4 25.8 27.55 5.21 9.56 83.85 59.67

nePc-india 0903 69.26 0 2.57 -92.56 -1.95 6.79 0912 0.2 81.82 -0.5 -56.52 0 -56.18 7.86 13.4 4.1 0 54.44 11.99

om Metals infrap 0903 9.63 7.35 102.89 38.95 24.82 36.13 0912 44.19 84.74 7.47 -28.52 2.98 28.18 27.5 37.5 6.5 9.26 264.83 69.61

Salzer electron. 0903 10.28 10.03 117.49 62.84 5.35 61.57 0912 49.55 132.63 1.71 175.81 7.86 44.36 105.75 122.95 30.5 18.72 108.71 36.85

Suzlon energy 0903 299.66 5.83 7235.58 4.47 -469.27 43.28 0912 748.68 -50.14 -285.14 -27.06 0 55.68 75.9 145.85 36.45 0 11815.35 53.08

t r i L 0903 12.92 19.5 480.7 38.32 44.12 189.33 0912 131.49 34.38 11.17 20.5 32.81 52.66 364.5 459 118 11.1 470.93 76.82

techno electric 0903 11.42 31.59 486.03 13.15 63.06 39.9 0912 151.19 22.73 26.58 93.03 16.52 49.85 220.05 240 54.5 13.6 1256.49 54.97

V-Guard inds. 0903 29.85 14.2 339.89 13.51 17.35 42.36 0912 119.65 72.85 5.26 275.71 8.45 22.11 91.55 95.4 40 10.83 273.28 71.08

Volt.transform. 0903 10.12 53.48 643.07 15.81 114.8 261.53 0912 144.46 5.91 24.08 -29.38 85.28 42.36 881.05 1050 326.1 10.33 891.62 46.05

W S inds. 0903 21.14 9.93 222.73 -1.88 8.91 41.65 0912 52 5.93 -6.6 -914.81 1.1 16.51 43.5 64.9 23 0 91.96 45.23

aBG infra 0903 12.82 2.93 149.06 39.78 7.15 192.54 0912 35.55 -16.82 0.74 -83.56 2.55 19.6 167.65 255 82 55.51 214.93 60.58

action const.eq. 0903 17.98 15.54 428.51 6.82 22.73 17.3 0912 106.25 41.61 5.95 682.89 9.12 65.63 41.65 49 9.9 23.8 374.43 65.69

ador Fontech 0903 3.5 35.3 104.84 4.61 9.42 87.11 0912 29.62 14.72 3.01 28.63 24.3 20.86 174.8 188.95 68 5.17 61.18 35.19

ador Welding 0903 13.6 9.46 225.97 -16.22 12.16 96.61 0912 64.75 25.48 5.65 110.04 10.99 7.92 178.35 221.9 78.5 16.2 242.56 56.27

alfa Laval (i) 0812 18.16 31.23 799.88 15.54 90.17 169.19 0912 237.32 0.15 33.01 59.24 67.93 16.29 1297.4 1389 830 19.1 2356.08 88.77

artson engg. 0903 3.69 0 34.4 -33.88 -5.01 -3.64 0912 28.14 194.35 1.14 -172.61 0.93 52.36 47.25 76.7 15.35 102.72 174.35 75

atlanta 0903 16.3 11.56 194.32 79 19.37 102.66 0912 55.52 78.75 13.36 -1271.93 24.24 26.64 217.9 222.5 35.5 8.59 355.18 68.74

atlas copco (i) 0812 22.56 22.65 1271.44 30.95 83.74 180.1 0912 350.75 4.43 32.38 108.37 37.56 34.02 899.4 949.8 380.3 23.64 2029.05 83.77

Page 28: magazine April 2010

April 2010 [ 27]

Co_Name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT Growth

% TTM eps

CAGR

Sales % CMP

52 Week

H

52 Week

L

Latest

P/E

Market

Cap

Promoter

Holding

Batliboi 0903 13.5 -19.19 97.53 -24.75 -3.38 16.47 0912 24.86 28.54 -0.39 -92.41 0 5.59 30.85 48.5 12 0 83.29 81.73

BeML Ltd 0903 41.77 14.85 2800.88 10.89 268.84 458.55 0912 695.36 9.88 46.66 -20.57 57.05 10.93 1061.9 1275 348 18.61 4421.75 54.03

BGr energy Sys. 0903 72 22.29 1922.1 27.73 115.09 77.94 0912 635.14 34.44 41.91 54.02 19.4 65.34 510.9 593.35 118.2 26.34 3678.48 81.31

carborundum Uni. 0903 18.67 10.74 658.89 12.26 59.72 41.57 0912 190.19 18.59 14.68 -46.58 5.47 19.11 170.85 204.3 74.9 31.46 1594.88 43.12

cMi FPe Ltd 0903 4.94 3.13 457.5 39.57 2.68 174.66 0912 140.15 12.68 16.46 -475.8 46.68 4.6 1199 1391 230 10.69 592.31 75

cummins india 0903 39.6 34.72 3304.28 40.57 433.66 70.44 0912 814.83 8.71 148.16 11.11 22.41 28.69 499.2 508 162.25 22.28 9884.16 51

Denisons Hydrau. 0809 1.8 25.86 64.09 25.69 8.51 203.56 0912 11.7 9.86 1.62 18.25 27.27 28.22 352.5 427 169.25 12.92 63.45 73.1

Disa india 0812 1.51 48.59 85.93 -7.97 11.97 202.78 0912 26.45 56.14 4.94 148.24 65.3 44.97 1471.6 1759 1200 22.54 222.21 74.27

Dynamatic tech. 0903 5.41 4.94 294.12 7.41 4.87 246.16 0912 82.16 36.98 3.74 -317.44 15.28 38.59 1124.8 1358.4 395 173.85 608.52 54.61

eimco elecon(i) 0903 5.77 13.5 143.52 23.7 15.23 206.38 0912 37.72 9.08 1.97 -27.04 22.64 11.37 226.9 334.9 119.5 10.08 130.92 74.05

elecon engg.co 0903 18.57 22.44 956.56 15.92 57.45 29.66 0912 249.88 1.72 19.83 58.51 6.05 41.94 71 110.85 27.5 13.08 659.23 45.71

elgi equipment 0903 6.27 21.85 479.42 6.23 39.74 31.39 0912 154.32 27.43 16.49 66.4 8.01 10.54 88.75 98.5 30 12.96 694.03 24.2

engineers india 0903 56.16 27.26 1531.03 112.09 344.54 244.9 0912 493.83 -6.55 111.06 61.17 83.6 3.62 2385.05 2424 445 28.53 13394.44 90.4

esab india 0812 15.39 50.82 423.23 23.61 61.18 89.03 0912 105.65 15.06 14.69 59.5 42.99 25.65 594.7 649 219.05 13.83 915.24 55.65

Gee 0903 3.78 17.51 121.73 66.14 3.89 13.78 0912 33.5 15.56 3.06 1430 4.28 53.77 60.1 66 24.4 12.63 142.14 61.13

Gei industrial 0903 14.27 18.39 220.31 14.69 10.37 41.68 0912 61.29 27 3.92 44.65 7.56 35.26 106 109.95 25.5 14.6 176.17 41.41

GMM Pfaudler 0903 2.92 12.33 146.68 3.29 10.23 58.68 0912 32.06 15.2 2.04 52.24 6.92 20.12 93.3 124 39 13.5 136.68 75.63

Graphite india 0903 30.22 22.61 1090.42 2.48 193.57 67.14 0912 278.94 4.12 62.98 114.88 10.32 17.84 88.55 94.9 20.6 5.85 1519.08 56.75

Greaves cotton 0906 48.84 14.07 1036.32 -9.88 56 82.79 0912 342.49 37.42 32.69 322.35 17.23 10.24 301.6 309.9 52 17.62 1473.01 51.41

Grindwell norton 0812 27.68 18.98 502.12 13.9 55.01 54.98 0912 151.85 29.8 17.44 41.9 11.04 17.46 153.45 168.5 73 13.9 849.5 58.6

Guj apollo inds 0903 15.75 20.87 167.1 -3.56 21.62 70.83 0912 60.21 39.18 8.88 74.12 15.6 13.86 208.2 223.7 51.9 12.83 327.92 49.47

HeG 0903 42.57 33.01 1025.74 8.33 106.99 135.37 0912 290.28 19.62 45.69 109.01 37.48 21.59 335.95 412.7 94 8.27 1431.48 54.69

Hercules Hoists 0903 1.6 28.11 93.9 3.57 19.89 49.05 0912 23.24 -2.84 6.71 22.45 10.12 26.17 222.25 252 85.55 20.13 355.6 69.53

Hind.Dorr-oliver 0903 7.2 21.31 513.33 68.78 30.16 42.92 0912 209.45 67.91 14.28 92.97 7.14 47.45 101.75 115 18.5 14.25 732.6 55.17

Hind.Powerplus 0503 31.78 4.89 216.18 3.03 5.78 38.1 0503 46.02 -20.48 0.97 -61.81 1.79 5.59 105.4 0 0 57.6 334.96 92

ingersoll-rand 0903 31.57 9.27 372.26 -23.55 67.2 236.74 0912 103.59 10.76 15.06 -4.98 14.49 -3.86 363.65 386.35 216 24.36 1148.04 74

intl. combustion 0903 2.39 19.75 98.27 3.37 9.91 227.78 0912 23.03 6.57 2.28 83.87 48.21 26.05 351.8 411 89.2 7.29 84.08 53

intl. conveyors 0903 3.38 8.46 70.36 10.23 2.76 134.11 0912 23.33 39.95 4 -387.77 2.48 24.17 29.05 46.4 5.33 14.97 196.09 54.3

ion exchange 0903 12.69 1.13 426.71 -10.18 1.44 101.26 0912 114.98 13.72 1.57 -145.38 6.92 16.7 141.3 173 61.25 20.48 179.87 40.19

Jaihind Projects 0903 7.11 27.88 237.71 226.48 13.28 77.16 0912 118.95 363.02 7.72 451.43 28.84 38.74 162.25 189.9 35.3 8.53 117.79 47.74

kabra extrusion 0903 7.98 16.84 153.5 5.3 11.7 90.88 0912 49.14 42.52 6.52 572.16 28.27 13.91 217.9 239.95 57 9.9 173.88 55.71

kalindee rail 0903 11.22 11.06 281.22 14.3 10.44 91.76 0912 37.57 -48.24 0.26 -91.22 2.87 49.97 141.1 239.9 86.6 49.34 172.85 15.48

kennametal india 0906 21.98 10.56 305.35 -21.33 28.01 127 0912 90.11 12.43 14.08 192.12 13.9 6.18 314.85 368 131 22.59 692.04 88.16

kilburn engg. 0903 13.45 -1.34 85.15 18.23 73.03 75.2 0912 13.69 -45.46 -0.74 -1157.14 2.34 33.08 57.6 60.9 16 13.24 77.53 57.15

kirl. Brothers 0903 21.15 9.87 1829.34 20.22 67.03 66.19 0912 437.52 10.94 20.34 2541.56 10.05 29.31 261.3 287.55 66.1 25.97 2763.25 62.22

kirl. oil engine 0903 38.83 12.36 2109.26 -2.13 115.9 49.45 0912 558.22 17.17 61.1 511.61 11.1 16.06 174.5 178.45 44.1 16.04 3387.92 62.37

kirl.Pneumatic 0903 12.84 35.06 514.86 29.12 40.85 101.14 0912 130.78 -5.18 15.32 31.62 36.01 18.89 402.95 495 148.5 12.51 517.39 55.85

kSB Pumps 0812 17.4 24.47 596.04 28.54 64.73 167.39 0912 153.08 -12.35 17.31 6.79 38.03 19.93 463.2 498.6 225.05 12.18 805.97 66.8

Lanco infratech 0903 219.83 15.33 4082.59 159.29 264.87 84.68 0912 1313.52 25.88 114.51 94.98 2.24 104.35 53 60.7 12.1 26.11 12761.34 67.95

Larsen & toubro 0903 117.14 23.98 33895.92 35.69 3481.66 212.31 0912 8071.37 -6.08 758.82 -50.09 66.95 28.65 1620.7 1800 581.2 31.79 97598.55 0

Lokesh Mach. 0903 11.78 0.45 74.56 -31.77 0.37 70.14 0912 22.79 117.25 1 -146.95 2.24 14.94 45 59 19.55 64.29 53.01 53.18

M & P Pumps 0812 9.23 36.8 254.26 39.8 12.96 45.18 0809 68.61 40.08 4.43 75.79 13.71 32.47 246.9 0 0 17.64 227.89 90.17

Manugraph india 0903 6.08 16.53 397.94 -7.14 36.89 78.3 0912 42.29 -59.5 4 -8.68 3.73 14.46 46.8 68 25.4 12.55 142.27 57.02

Mcnally Bharat 0903 31.09 10.43 967.98 76.65 34.12 63.04 0912 332.5 59.1 7.39 94.99 11.28 37.78 282.85 289.8 31.15 22.66 879.38 32.29

Mukand

engineers 0903 12.58 11.04 53.51 112.26 4 34.55 0912 32.75 170.44 2.08 252.54 5.5 31.67 43.65 51.5 9.06 8.24 54.87 47.14

nitin Fire Prot. 0903 12.6 14.45 62.65 72.73 14.02 80.98 0912 38.74 311.69 5.3 -4.5 7.34 26.9 357.35 421.6 138 48.69 450.26 70.15

orient abrasives 0903 5.98 31.15 303.05 25.84 31.85 19 0912 89.69 31.14 15.04 122.81 3.95 21.15 28.15 32.5 7.9 7.13 336.67 53.43

Panasonic

carbon 0903 4.8 11.41 30.41 21.11 5.9 109.79 0912 7.09 -6.83 1.49 -12.35 16.04 -3.84 149.7 185 82.3 8.88 71.86 74.03

Petron engg 0903 7.55 9.64 457.13 63.42 6.47 93.15 0912 142.77 19.83 7.82 557.14 19.95 21.29 332 368.95 58.05 19.3 250.33 52.47

Praj inds. 0903 36.69 32.67 771.88 10.01 129.75 24.17 0912 147.35 -29.44 29.15 -38.37 6.62 48.94 85.75 122.55 49.5 13.03 1583.8 22.88

Premier 0903 30.4 7.81 129.33 21.33 13.61 59.63 0912 36.07 15.2 4.32 57.09 4.71 30.64 126.6 176.8 24 26.88 384.86 41.37

rel. indl. infra 0903 15.1 16.11 70.99 5.55 22.47 97.75 0912 13.22 -27.56 5.88 3.7 15.23 10.13 852.7 1287 264.5 55.99 1287.58 45.43

revathi equipmnt 0903 3.07 1.47 89.14 -24.75 3.62 395.77 0912 30.33 66.47 1.29 10.26 22.9 14.64 642.65 715 348 24.21 197.29 67.62

Sancia Global 0903 15.22 18.87 295.57 14.17 26.29 99.59 0912 68.01 18.61 0.52 -84.19 3.65 57.77 24.75 61.95 18.6 10.49 106.55 50.14

Sanghvi Movers 0903 8.66 28.96 357.5 40.57 101.05 91.07 0912 82.41 -6.75 20.92 -12.61 21.04 50.84 223.8 272 67.95 10.64 969.05 44.51

Shakti Met-dor 0903 2.94 13.85 61.91 -15.3 5.78 150.68 0912 22.95 57.52 1.86 111.36 19.1 29.67 174.15 187.9 65.65 13.89 60.95 46.12

Shakti Pumps 0906 6.22 20.84 106.75 2.28 7.81 65.95 0912 31.63 3.1 2.62 25.96 14.91 17.83 168.95 187.9 55 11.64 108.13 49.64

Shanthi Gears 0903 8.17 23.69 252.49 3.42 44.06 24.76 0912 23.68 -58.87 1.91 -71.87 3.05 24.08 38.35 59.5 24.6 12.57 313.32 44.7

Shriram ePc 0903 43.35 11.17 918.76 42.16 40.02 87 0912 238.29 3.94 7.44 3.62 9.91 112.19 202.1 265 77 20.54 884.79 42.16

Sulzer india 0812 3.45 52.29 197.41 58.26 27.01 168.38 0912 37.73 -31.71 3.03 -54.02 85.5 28.93 1178.5 1340 485 13.78 406.58 80.03

Sunil Hitech 0903 12.28 6.13 598.21 95.3 10.3 137 0912 154.61 4.81 6.4 -199.22 24.87 75.97 220.15 254 61.75 10.18 270.34 53.2

Supreme infra 0903 13.88 25.78 404.35 155.55 26.99 83.23 0912 142.78 54.64 11.47 105.56 23.89 76.3 173.3 212 22 7.26 240.54 61.1

Swaraj engines 0903 12.42 23.64 208.17 66.06 21.27 78.08 0912 68.18 47.61 8.87 87.92 27.25 18.31 294.9 365 89 10.82 366.27 50.62

texmaco 0903 11.08 29.04 1007.3 20.88 75.84 26.64 0912 238.69 43.46 22.23 44.07 7.34 43.29 140.55 170.5 39.05 21.52 1787.8 47.63

thermax 0903 23.83 33.84 3076.97 -2.63 287.3 80.73 0912 726.27 -7.83 56.51 -21.84 21.1 40.04 674.9 745 162.6 32.15 8041.43 61.98

tiL 0903 10.03 23.45 809.61 17.04 32.27 142.2 0912 210.64 11.44 6.28 18.94 30.9 25.29 333.85 404.9 81 10.8 334.85 50.9

titagarh Wagons 0903 18.44 18.04 689.05 24.2 64.78 212.4 0912 136.17 4.49 15.46 23.38 20.86 64.31 354.75 488.7 126.6 13.67 667.28 49.25

trF 0903 5.5 40.17 526.31 47.12 45.52 240.4 0912 216.23 52.81 22.93 241.73 53.51 25.39 930.55 965.1 104.98 16.46 1023.6 41.82

UB engg. 0903 17.07 24.22 453.11 71.25 21.14 48.79 0912 101.02 1.54 7.05 23.04 14.28 43.39 136.6 161 32.7 9.75 233.18 40.74

Walchan. inds. 0909 7.61 10.66 512.61 -26.35 23.4 60.22 0912 116.49 20.02 3.79 12.13 6.25 20.15 236.25 292.9 80.2 37.74 898.93 55

Wendt india 0903 2 21.07 51.37 -4.96 8.84 220.15 0912 15.16 17.98 3.12 84.62 48.31 9.47 701.1 791 388.05 14.52 140.22 79.74

WPiL 0903 7.97 42.69 159.45 44.95 8.28 28.95 0912 51.8 64.5 3.55 96.13 14.87 34.64 185.5 210 34.8 12.47 147.84 72.68

Castings, Forgings & Fastners

ahmednagar

Forg. 0906 34.92 8.1 500.77 -23.66 35.92 131.21 0912 153.12 33.8 14.47 891.1 13.92 29.96 134.9 142 31.05 10.05 495.76 54.96

Bharat Forge 0903 44.54 10.33 1994.75 -6.87 103.29 66.77 0912 495.85 13.61 37.99 773.33 5.58 20.15 261.25 307.35 87.7 71.19 5816.73 43.89

electrost.cast. 0903 28.73 10.92 1838.97 38.11 140.39 43.9 0912 384.67 -8.81 64.41 72.54 5.84 22.45 46.5 55.5 13.75 5.52 1519.62 48.09

Hinduja Foundrie 0903 18.68 -10.12 363.3 -19.52 -11.98 75.21 0912 110.08 89.86 2.22 -121.98 1.32 14.44 103.05 133.4 38.38 0 296.06 69.9

inv.& Prec.cast. 0903 4.96 9.86 44.45 -28.14 3.83 71.11 0912 15.48 60.58 1.38 711.76 9.11 8.59 132.8 161 24.75 14.51 65.87 40.56

Jayaswal neco 0903 112.88 9.38 1618.76 9.93 27.17 36.76 0912 467.6 28.33 15.2 -145.59 3.5 20.42 38.55 40.25 7.4 24.25 435.15 48.97

kalyani Forge 0903 3.64 1.18 162.42 -14.16 0.84 194.53 0912 43.99 18.41 1.14 -160.96 15.51 9.68 196.1 196.95 44.8 12.64 71.38 58.57

M M Forgings 0903 12.07 11.17 206.81 8.33 10.22 79.15 0912 42.59 -14.72 3.3 89.66 4.86 14.77 65 77 30.2 10.82 78.46 61.23

nelcast 0903 17.4 2.46 290.31 -18.56 3.78 88.73 0912 91.65 100.72 2.34 -246.25 3.29 16.96 75.55 85 20.75 0 131.46 68.71

ramkrishna Forg. 0903 15.33 4.91 224.43 12.43 4.54 58.2 0912 80.4 106.1 3.8 -285.37 4.78 48.51 105.2 146 21.3 23.53 172.84 53.95

Simplex casting 0903 5.98 24.22 179.48 16.16 9.12 69.55 0912 35.77 -17.73 2.29 8.53 16.41 19.09 85.45 109 27.35 5.21 51.1 58.68

Sterling tools 0903 6.84 3.35 150.96 -2.82 1.72 75.73 0912 42.39 24.06 4.38 -615.29 11.12 14.71 96 103.8 30.75 13.15 65.66 69.19

Sundram Fasten. 0903 21.01 3.65 1262.2 4.67 15.48 20.33 0912 359.4 25.39 21.45 3251.56 2.73 12.85 52.75 66 14.41 21.27 1108.28 49.53

tayo rolls 0903 10.26 -24.41 164.93 -21.36 -16.74 87.58 0912 33.37 19.35 -1.65 -84.18 0 13.79 134 196 54.2 0 137.48 73.21

Cement

acc 0912 187.94 29.36 7942.66 10.84 1606.73 320.11 0912 1921.46 1.85 280.71 -6.55 85.58 15.36 977.85 1017 536.8 11.96 18358.16 46.2

ambuja cem. 0912 304.74 20.04 7040.7 14.15 1218.37 42.47 0912 1772.88 6.17 241.19 -3.12 7.99 29.17 118.3 118.9 64.65 15.61 18025.37 46.43

andhra cements 0903 132.53 17.99 369.36 -16.49 38.36 5.24 0912 59.64 -34.26 -21.18 -305.43 3.93 27.96 26.8 35.25 16.5 18.23 372.57 73.13

anjani Portland 0903 18.39 33.96 129.17 25.32 16.67 30.34 0912 20.83 -30.31 1.04 -70.62 7.5 29.84 33.5 42.4 15.15 3.27 61.61 61.44

Barak Valley 0903 22.16 10.75 89.14 26.78 8.17 35.55 0912 27.15 38.95 3.98 101.01 4.75 18.72 28.7 39.2 11.52 6.05 63.6 60.62

Bheema cements 0903 26.48 9 83.3 119.56 15.46 61.2 0912 12.07 -32.42 -0.18 -104.92 3.7 29.22 81.7 90.25 24.5 17.24 216.34 74.01

Binani cement 0903 203.1 24.31 1493.69 55.33 108.66 23.46 0912 402.33 11.75 57.17 573.38 14.03 31.87 72.95 85 27.4 5.2 1481.61 64.91

Birla corpn. 0903 77.01 28.43 1790.19 3.99 323.51 166.15 0912 558.88 23.61 112.29 37.98 66.27 12.97 362.2 404.4 165.55 5.47 2789.3 62.9

Burnpur cement 0903 43 -0.37 19.47 -28 -0.2 12.61 0912 3.92 9.19 0.04 -105.56 0.08 19.56 13.32 17.59 7.15 133.2 57.26 46

chettinad cement 0903 29.5 -1.13 1137.67 22.31 -4.21 120.39 0912 296.02 14 4.3 -73.76 28.44 28.5 558 639 345 0 1646.1 85.03

Dalmia cement 0903 16.19 18.49 1758.68 19.83 158.62 148.93 0912 518.73 28.36 22.6 -4.68 22.15 36.65 244.3 268 74.1 11.03 1977.61 56.6

Deccan cements 0903 7 22.06 185.56 -1.3 34.23 244.36 0912 59.76 26.05 -9.61 -204.91 40.56 4.54 182.5 293 123.25 6.79 127.75 54.63

Guj. Sidhee cem. 0809 144.67 16.06 570.15 44.72 48.79 3.17 0912 96.05 -14.98 5.64 -51.38 2.81 30.3 16 20.95 7.21 6.64 231.39 35.39

Heidelberg cem. 0812 158.02 21.26 761.16 28.22 125.53 31.95 0912 197.18 -32.9 13.52 -75.13 5.27 16.86 51.85 54.4 15.65 8.47 1175.02 68.55

india cements 0903 282.43 17.48 3358.34 10.32 432.18 105 0912 864.12 14.48 34.8 -43.79 14.51 26.99 127.7 180 92 9.82 3922.69 27.37

Page 29: magazine April 2010

April,2010, [28 ]

Co_Name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net

Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth

% TTM eps

CAGR

Sales % CMP

52 Week

H

52 Week

L

Latest

P/E

Market

Cap

Promote

r

Holding

Jk Lakshmi cem. 0903 61.19 25.17 1223.9 10.43 178.59 128.23 0912 353.24 18.8 45.35 -19.08 22.68 16.98 73.95 84.85 19.7 3.29 904.85 44.48

k c P 0903 12.89 30.62 349.32 1.84 65.91 186.73 0912 79.07 0.18 7.83 -47.2 50.62 24.36 288.8 374.6 125 5.52 372.26 46.26

kakatiya cements 0903 7.77 18.43 182.07 5.51 21.1 159.36 0912 22.58 -34.17 -2.21 -281.15 22.78 4.57 85.8 115 50.05 4.3 66.67 49.18

Madras cement 0903 23.8 32.84 2530.9 25.85 363.51 52.95 0912 607.1 -0.34 16.01 -74.48 17.07 29.48 122.5 140 62.3 7.34 2915.5 42.01

Mangalam cement 0903 28.03 38.42 564.15 10.42 97.16 103.13 0912 147.61 4.19 26.77 56.55 49.46 15.42 169.9 199 52.95 3.54 476.23 25.49

ncL inds. 0903 33.82 25.87 303.98 57.73 29.85 37.05 0912 47.97 -41.38 -3.96 -166.89 6.29 39.87 35.4 48 20.5 6.91 123.69 44.64

ocL india 0903 11.39 19.09 1120.15 46.79 115.74 115.75 0912 311.62 1.11 17.5 -45.65 23.13 23.9 113.8 144.35 43.5 4.92 647.52 69.77

Prism cement 0903 298.25 20.06 627.96 -28.34 96.23 22.18 0912 229.97 7.07 41.97 35.26 6.75 10.53 52.1 60.3 19.65 7.72 1553.88 61.74

rain commodities 0812 70.83 20.82 1111.01 140.44 85.05 70.06 0912 60.49 -76.61 2.48 -64.92 21.84 40.1 213.75 255.7 70.5 13.14 1513.99 42.89

Sagar cements 0903 15 11.06 306.54 20.8 16.46 128.15 0912 89.53 12.11 -6.54 -221.79 21.73 22.49 173 271.75 126.8 10.08 259.5 44.16

Sanghi inds. 0903 219.98 8.39 806.35 -4.74 52.54 29.67 0912 132.76 -29.36 -23.42 -230.98 1.07 40.8 26.9 40.95 19.05 25.38 591.75 51.01

Saurashtra cem. 0812 51.19 0 713.59 74.26 -48.15 0.1 0912 104.78 -23.46 -2.26 -93.75 5.41 30.71 19.4 33.6 14.75 11.21 99.31 64.41

Sh. Digvijay cem 0903 141.38 25.23 306.9 20.94 21.66 3.58 0912 92.41 34.18 3.31 -31.33 3.63 14.9 15.8 22.9 6.11 6.25 223.36 73.63

Shiva cement 0903 32.14 0.3 24.6 -0.57 0.22 3.94 0912 11.81 86.28 0.66 144.44 0.39 1.09 8.46 11.54 4.3 44.53 126.86 28.75

Shree cement 0903 34.84 61.39 2716.46 28.85 577.97 347.31 0912 866.03 30.35 167.43 35.09 282.2 40.61 2240.9 2385 600 7.83 7807.3 65.56

Ultratech cem. 0903 124.49 31.03 6385.5 15.85 977.02 289.21 0912 1651.81 1.29 196.03 -17.76 94.32 23.17 1121.6 1128.6 455.1 11.89 13962.8 54.78

Vinay cements 0903 18.9 -3.74 34.17 -0.5 -2.77 38.5 0912 7.65 24.59 -1.04 79.31 0.26 -1.44 44.4 52.45 33 0 83.92 96.21

everest inds. 0903 14.8 9.87 528.69 86.15 14.45 102.25 0912 152.73 19.3 4.71 -238.12 21.08 21.55 172.1 185 45.8 8.17 255.05 50.09

Hyd.industries 0903 7.49 27 623.4 29.62 44.09 241.62 0912 146.01 12.63 14.55 120.45 96.37 13.97 586.3 649.5 107.1 6.04 437.97 42.28

indian Hume Pipe 0903 4.84 16.36 552.33 51.77 25.31 340.72 0912 166.85 -1.57 8.87 107.73 73.5 27.88 735.8 909 224.5 11.21 356.86 69.92

ramco inds. 0903 4.33 13.62 452.87 18.73 35.65 640.83 0912 101.82 30.59 13.42 348.83 4.94 17.81 58.95 72.8 17.55 10.29 510.51 50.54

Visaka inds. 0903 15.92 20.71 577.98 34.4 35.94 117.96 0912 124.41 3.15 7.78 24.48 31.92 30.09 125.35 158.9 31.7 3.84 199.06 37.7

asian Granito 0903 21.06 14.41 331.95 74.01 25.01 90.1 0912 101.68 26.47 4.2 28.05 8.17 98.17 67.2 74 12 8.23 141.52 35

cera Sanitary. 0903 3.11 20.32 159.73 25.62 13.11 113.54 0912 45.64 19.01 5.23 70.36 27.45 25.84 257.65 269.85 52 8.98 161.8 54.71

euro ceramics 0903 17.1 -12.31 212.76 -5.99 -22.82 101.71 0912 56.98 24.09 -10.98 -0.81 0 48.53 47.25 65.15 23.1 0 80.8 57.15

HSiL 0903 11.01 20.4 616.32 18.99 40.15 45.51 0912 204.2 38.09 9.97 43.04 7.34 17.6 78.3 91.8 25.05 9.68 430.65 60.49

kajaria ceramics 0903 14.72 5.62 669.09 33.67 8.9 22.02 0912 179.7 14.53 8.27 4252.63 3.21 21.84 57.2 61 21 17.82 420.99 52.49

Murudesh ceramic 0903 17.51 0.07 180.09 -23.94 0.18 152.6 0912 30.98 -28.85 -5.51 -2395.83 0 5.14 35.1 45.7 14.55 0 61.46 50.94

nitco 0903 32.12 4.92 666.14 4.49 24.97 161.3 0912 76.26 -49.74 -8.94 -227.17 1.9 32.25 47.05 74.85 21.65 0 151.12 47.78

orient ceramics 0903 10.53 12.68 225.14 5.67 6.37 49.86 0912 58.11 2.94 2.35 16.34 7.55 17.22 52.7 58.7 15.85 6.98 55.49 74.74

restile ceramics 0903 98.28 0 36.68 15.31 -9.8 8.79 0912 9.58 2.02 -1 -86.3 0 20.08 9.52 17.2 6.56 0 93.56 73.74

Somany ceramics 0903 6.9 14.55 441.96 34.18 8.74 92.49 0912 133.67 21.52 5.01 116.88 22.16 18.27 156.65 175 42 7.07 108.09 62.21

Chemicals

aarti inds. 0903 36.4 27.08 1430.25 61.4 84.46 46.68 0912 308.36 -4.55 11.15 63.01 7.95 24.24 48.4 56.8 27.85 6.34 371.32 49.65

adinath Bio-Labs 0903 22.07 3.72 21.82 0.55 0.98 1.2 0912 11.8 251.19 0.5 733.33 0.1 -2.23 3.63 29.7 3.1 33 80.11 39.52

aditya Bir.chem. 0903 23.39 21.07 204.35 17.53 46.08 102.59 0912 46.16 -7.4 3.94 -67.22 20.12 16.96 71.45 102.55 32.75 3.55 167.12 56.31

alkali Metals 0903 10.18 17.84 65.22 0.98 8.78 63.21 0912 13.69 5.39 2.27 40.99 9.93 9.01 117.1 399.4 98 11.78 119.21 70.4

alkyl amines 0903 10.21 9.61 197.49 24.76 5.51 61.87 0912 53.69 28.44 2.41 -139.51 9 16.73 70.3 92.8 44.75 8.22 71.71 74.07

andhra Petrochem 0903 84.97 10.15 245.05 -12.94 16.15 19.68 0912 37.02 -24.36 -1.73 -18.4 0.42 9.95 14.83 19.5 8.75 0 126.01 40.8

asahi Songwon 0903 12.27 3.99 112.62 35.57 2.46 60.81 0912 36.17 28.86 2.85 176.7 3.97 28.44 46.25 56.5 14.5 22.78 56.75 61.48

atul 0903 29.67 11.4 1167.35 16.41 37.87 116.62 0912 308 10 5 -68.75 14.95 15.16 86.45 114 40.75 6.09 256.5 40.81

avon organics 0903 22.5 10.3 125.32 78.01 5.58 21.29 0912 42.12 19.35 2.79 47.62 3.65 9.87 41.65 50.6 13.1 11.41 93.71 63.6

Balaji amines 0903 6.48 24.13 251.69 15.55 15.33 108.72 0912 63.67 25.11 4.21 46.69 19.16 28.83 140.15 195 56 5.21 90.82 54.93

BaSF india 0903 28.19 18.94 1116.66 22.4 68.64 136.65 0912 288.19 40.16 11.25 2643.9 32.56 13.92 374.75 461.4 170.8 11.51 1056.42 71.18

Bhuruka Gases 0903 3.52 9.14 39.48 31.29 2.79 35.02 0809 10.12 21.93 1.22 454.55 1.75 4.09 40.25 0 0 12.94 56.67 74.96

Boc india 0812 85.28 8.73 533.39 78.87 80.04 121.31 0912 218.33 63.87 25.93 67.83 6.24 11.25 204.4 227.5 128.15 32.14 1743.12 89.48

Bodal chemicals 0903 19.9 -23.7 407.47 -1.3 -11.14 25.49 0912 128.53 78.04 3.21 -124.6 4.6 88.39 58.5 62 13.65 19.57 116.42 74.09

Bombay oxygen 0903 1.5 0.84 32.51 35.01 0.59 12870.67 0912 9.71 13.43 0.18 -92.68 92.43 1.92 7489.8 7561.3 3595 0 112.35 58.93

castrol india 0812 123.64 57.93 2262.37 15.07 262.37 38.46 0912 609.5 13.73 80.8 71.91 30.82 13.38 682.6 724 302.5 22.15 8439.67 71.03

chembond chem. 0903 3 21.78 110.53 16.25 4.8 82.07 0912 29.34 18.16 0.45 200 6.56 27.54 141.9 171.9 53.53 22.28 90.25 65.98

ciba india 0903 13.28 6.6 506.28 7.9 22.36 235.02 0912 104.7 -14.81 -11.3 -294.83 0 2.18 330.05 372 201 0 438.31 71.4

clariant chemica 0812 26.66 21.52 920.15 6.85 67.48 119.14 0912 240.53 23.09 17.44 2542.42 40.56 19.06 512.2 530 153 10.98 1365.53 63.4

cochin Minerals 0903 7.83 20.53 120.77 43.86 5.04 33.7 0912 29 -19.31 0.65 -64.29 9.55 14.14 67.85 80.4 23 6.44 53.13 54.97

Deepak nitrite 0903 8.96 15.94 572.2 21.84 28.28 210.87 0912 141.18 -4.6 5.53 100.36 19.72 15.26 136.95 178.95 80 8.09 143.11 56.41

elantas Beck 0812 7.93 19.4 181.94 7.14 19.61 137.48 0912 52.7 32.45 8.36 162.07 29.33 16.64 497.65 570 150.1 12.48 394.64 88.55

ellen.indl.Gas 0903 6.55 21.26 47.15 -6.08 4.18 32.63 0912 13.61 0.74 -1.38 -266.27 5.28 17.45 500 508.95 125.3 148.81 327.5 42.63

excel inds. 0903 5.45 1.82 240.41 7.13 0.81 88.74 0912 54.15 14.87 1.61 -136.76 4.29 5.6 50.1 54.25 22.6 75.91 54.61 38.37

Foseco india 0812 6.39 31.62 147.36 -2.85 15.64 84.08 0912 36.97 16.22 2.96 29.26 19.58 11.24 361 400 199 18.44 230.68 86.48

Geecee Vent. 0903 24.68 14.87 367.54 27.78 27.7 80.38 0912 1.12 -98.58 3.61 -25.26 38.19 29.12 90.6 125.7 41.5 16.29 223.6 59.98

GHcL 0903 100.02 12.35 1239.4 16 106.47 121.38 0912 290.09 2.86 22.43 38.2 10.54 21.9 42.5 59.55 24.85 4.1 425.08 18.26

Goa carbon 0903 9.15 18.94 386.88 86.06 12.33 76.14 0912 79.06 -46.29 8.71 76.67 9.51 32.89 109.2 131.25 48 0 100.46 58.13

Godrej inds. 0903 31.98 -5.78 802.31 12.43 18.08 31.68 0912 203.68 13.7 16.91 -598.82 2.1 2.39 147.45 218.95 51.2 278.21 4683.01 79.1

Grauer & Weil 0903 12.79 15.39 219.08 12.61 12.57 77.72 0912 62.04 48.92 5.01 503.61 7.05 20.08 67.55 85.85 30 8.11 153.14 68.31

Guj alkalies 0903 73.44 16.55 1386.67 22.49 192.27 169.52 0912 309.38 -3.05 19.31 -40.49 14.68 12.83 127 160 55.05 8.25 932.69 36.72

Guj Fluorochem 0903 10.99 30.62 1044.56 45.06 340.14 112 0912 248.79 -0.66 45.34 -36.44 23.06 47 137.95 189.4 63 5.98 1516.07 70.01

Gulf oil corpn. 0903 14.87 5.16 911.84 21.83 29.04 30.74 0912 233.49 12.41 6.78 -226.26 8.98 19.64 87.4 122.3 26.05 10.58 649.82 49.03

Gulshan Polyols 0903 4.17 20.13 196.95 22.8 17.38 113.32 0912 54.77 19.64 3.49 -30.62 16.83 33.03 114.7 154 67.5 6.84 95.66 64.08

Hikal 0903 16.44 40.55 478.04 58.78 58.89 133.4 0912 119.88 -8.45 14.35 -10.09 33.62 26.91 387.95 484 150 5.71 637.79 68.81

Hind.organ.chem. 0903 67.27 0 546.24 -4.92 -25.27 -18.05 0912 133.52 23.56 -19.09 -52.85 2.91 5.75 38.7 60 17.15 0 260.72 58.61

i G Petrochems 0903 30.8 0.77 557.28 -4.9 1.33 56.36 0912 111.11 -1.17 4.02 -135.02 9.32 16.03 45.4 51.6 15.25 4.91 139.83 62.38

iFB agro inds. 0903 8.01 22.94 276.18 39.25 13.05 80.41 0912 68.67 -6.63 3.89 322.83 13.97 23.01 80.55 102.5 42.9 6.88 64.52 55.2

india Glycols 0903 27.88 -21.33 958.73 -26.54 -91.89 135.86 0912 281.49 41.57 6.82 -109.62 3.11 18.74 121.6 172.4 44.1 0 339.02 52.11

insilco 0903 62.72 -2.85 64.65 -6.71 0.77 13.77 0912 15.21 -2.25 1.36 -1460 1.2 2.9 18.3 27.8 5.5 19.06 114.78 73.11

ioL chemicals 0903 18.15 14.72 302.79 -4.77 12.69 53.74 0912 85.97 27.7 6.39 643.02 8.09 41.35 52.05 113.9 42.2 7.91 118.26 51.56

Jayant agro org. 0903 7.5 8.19 810.27 36.38 5.65 47.88 0912 245.47 19.62 2.11 74.38 5.37 26.11 75.2 121.3 30.85 14.16 112.8 59.48

Jayshree chem. 0903 5.33 57.97 59.57 16.87 4.89 19.53 0912 12.25 -13.37 1.6 9.59 6.12 8.16 17.85 22.05 7.46 9.06 52.35 49.86

kanoria chem. 0903 28.15 6.27 492.39 13.73 14.6 41.23 0912 94.27 -17.49 6.09 -237.78 6.09 14.25 31 40.8 14.55 5.84 174.47 57.05

kiri Dyes 0903 15 35.04 278.49 25.18 8.37 81.97 0912 80.94 14.26 4.72 69.18 14.57 32.47 732.9 877 89.95 32.34 1099.35 69.98

natl. Peroxide 0903 5.75 33.19 134.95 23.57 20.65 120.31 0912 30.38 -4.35 3.45 -32.09 25.43 18.25 272.4 291.8 124.5 10.71 156.63 66.13

navin Fluo.intl. 0903 10.1 23.82 420.09 43.05 45.29 226.75 0912 96.84 10.69 21.17 484.81 76.21 16.89 313.45 397.3 75.1 4.11 316.58 37.22

nitta Gelatin 0903 8.4 17.71 183.71 24.46 15.02 105.05 0912 46.52 -0.79 6.45 5.74 27.69 16.39 181.95 266.7 55 6.57 152.84 80.5

nociL 0903 160.79 14.2 466.26 29.03 36.16 16.49 0912 105.03 -4.97 7.87 10.53 1.87 3.17 21.8 32.7 10.9 11.66 350.52 32.83

oriental carbon 0903 10.31 12.14 121.68 35.09 7.63 64.68 0912 32.19 24.29 7.46 213.45 19.58 24.81 90.6 95.45 20.5 4.64 93.41 55.98

Panama Petrochem 0903 4.76 17.79 367.2 57.04 11.68 166.79 0912 84.07 7.47 6.24 20.7 32.03 48.66 190.2 191.4 55.55 9.41 111.08 55.03

Phillips carbon 0903 28.25 -28.13 1163.28 12.59 -64.84 77.23 0912 346.76 32.18 33.63 -173.14 30.59 19.61 195.4 215.6 28.6 18.82 552.01 53.88

Pidilite inds. 0903 25.31 21.31 1761.12 14.71 146.38 28.99 0912 460.76 13.87 68.17 -835.38 5.96 21.99 115.1 122.38 40.75 18.96 5825.21 70.64

Prem. explosives 0903 8.12 23.72 69.72 21.55 2.86 29.22 0912 23.11 15.49 1.97 14.53 5.52 6.84 100.8 113.2 14.7 8.78 81.95 38.63

Punjab alkalies 0903 20.5 12.26 202.48 1.18 7.12 28.98 0912 37.18 -13.9 -7.43 167.27 0 11.37 27.4 38.35 17 0 56.28 44.26

Punjab chemicals 0903 6.59 4.88 470.83 7.37 5.23 162.61 0912 75.73 -14.55 -8.21 -500.49 0 31.06 160.1 219.9 113 0 115.11 49.66

Si Group 0903 42.31 -17.41 625.77 -3.81 -23.37 28.96 0906 145.63 -23 8.49 189.76 3.14 10.55 69.3 70.05 39.5 0 293.28 83.21

Solar inds. 0903 17.32 15.79 421.66 148.59 25.21 101.18 0912 123.27 10.38 8.75 45.59 17.73 55.17 426.55 467.95 167 24.06 738.78 74.6

Sr. rayal. alka. 0903 67.54 18.57 681.52 52.1 27.31 23.8 0912 112.94 -36.47 6.72 -45.81 4.28 19.88 12.53 20.8 9 2.94 84.56 41.58

SrF Polymers 0903 6.45 -8.09 113.27 -30.58 20.41 127.98 0912 0 -100 6.88 -32.81 48.57 -7.26 262.8 303.75 101 17.22 169.51 74.98

Standard inds. 0903 32.16 48.07 31.26 129.85 53.71 24.46 0912 1.56 -84.29 0.26 -100.8 0.51 -24.16 31.05 33.4 9.13 60.88 199.71 17.96

Sterling Biotech 0812 24.38 14.58 1178.38 29.37 220.17 70.88 0909 362.55 20.18 40.98 -33.09 7.21 32.42 110.45 155 90 15.09 2763.46 35.59

Sudarshan chem. 0903 6.92 20.31 449.97 14.36 18.84 162.79 0912 130.64 31.56 8.51 307.18 50.76 7.34 370 399.9 95 6.97 256.04 52.75

thirumalai chem. 0903 10.24 -42.5 469.74 -20.55 -46 83.24 0912 161.25 170.74 4.28 -107.24 24.66 15.25 119 147.8 39.1 4.84 121.86 53.04

tide Water oil 0903 0.87 20.17 529.05 23.49 27.55 1710.92 0912 168.82 33.95 14.51 177.97 586.38 23.09 4943.05 5600 3203 8.42 430.05 26.33

Ultramarine Pig. 0903 5.84 18.21 110.22 26.37 13.92 27.39 0912 29.13 2.75 3.16 54.9 2.63 15.31 32.95 40.6 22.35 9.47 96.21 48.34

Vivimed Labs. 0903 9.4 16.57 151.49 -2.65 14.6 98.14 0912 52.81 51.75 4.31 -33.49 14.12 31.46 147.15 164.4 38.6 12.26 146.56 55.36

Computer

aptech 0812 46.5 16.06 112.99 13.83 4.75 35.22 0912 23.19 -13.63 3.61 -501.11 3.19 -7.33 171.55 296 72.8 0 798.57 37.52

Birla Shloka 0903 6 4.45 104.01 165.53 0.31 12.13 0912 57.18 92.07 2.68 8833.33 6.9 150.71 68.45 90.3 19.05 22.89 88.71 56.67

compucom Soft. 0903 10.05 13.98 48.19 165.22 8.52 12.86 0912 14.02 -21.63 1.95 -40.91 1.53 6.23 15.8 21 6.85 10.39 79.39 71.38

Page 30: magazine April 2010

April 2010 [29]

Co_name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth

% TTM eps

CAGR

Sales % CMP

52

Week H

52

Week

L

Latest

P/E

Market

Cap

Promoter

Holding

Jetking infotrai 0903 5.9 60.83 46.18 25.49 12.44 43.25 0912 10.38 -7.16 2.5 -11.03 15.43 5.12 130.7 233 96 8.48 76.98 44.77

niit 0903 33 10.51 545.62 16.74 47.21 23.32 0912 145.87 18.25 1.15 -438.24 1.96 4.51 61.6 79.05 17.9 31.43 1017.02 34.02

Construction

ansal Housing 0903 17.66 6.95 208.72 -16.47 16.03 132.5 0912 45.14 -9.76 4.49 48.18 8.68 24.69 55.55 78.45 19.3 8.48 97.6 47.12

ansal Properties 0903 56.75 4.77 620.06 -24.94 52.22 98.45 0912 197.37 -0.73 14.48 411.66 5.68 32.92 75.35 89.2 23.75 14.06 927.71 64.47

arih.Found.Hsg. 0809 7.05 23.44 105.52 -17.28 29.26 202.07 0912 66.98 -43.01 0.3 -78.42 2.4 39.04 135.2 235 47.3 56.81 95.32 39.95

ashiana Housing 0903 18.74 26.1 82.71 -32.95 25.98 47.97 0912 21.86 3.55 5.17 -50.53 45.35 28.67 100.5 135 27 8.54 188.24 68.26

BSeL infra. 0903 82.62 1.3 8.73 -79.54 5.11 52.25 0912 0 -100 -0.25 -105.66 0.03 -21.86 13.64 28 9.06 0 112.69 30.15

cHD Developers 0903 19.39 0.2 39.19 -47.56 0.13 6.25 0912 8.63 26.17 0.3 -116.13 0.08 49.09 6 8.12 3.5 75 63.9 60

D S kulkarni Dev 0903 25.8 2.36 285.64 -50.18 10.03 166.33 0912 40.58 -33.16 4.99 102.02 7.95 57.31 63.1 87.9 18.1 10.64 162.8 36.99

DLF 0903 339.44 13.09 2827.9 -48.89 1547.77 72.91 0912 887.16 109.03 224.43 26.04 2.3 42.47 312.7 490.8 160.4 136.55 53077.7 78.64

Ganesh Housing 0903 32.66 3.82 55.05 -56.8 49.49 140.98 0912 29.85 46.83 19.55 153.9 10.98 31.2 174.2 180.95 38.95 15.87 568.76 56.27

H D i L 0903 275.49 20.49 1719.29 -27.76 830.42 162.17 0912 408.88 30.3 162.76 -11.96 15.2 211.95 299.25 410.8 72.1 21.53 10349.26 48.31

kadamb constrn. 0903 5.05 0.4 9.02 -80.15 0.03 19.58 0912 22.96 833.33 0.11 -257.14 0.25 182.65 51.9 59.5 5.81 207.6 131.05 8.56

kamanwala Housin 0903 14.09 4.1 58.16 -39.49 2.9 53.34 0912 7.16 -14.15 0.93 55 1.94 50.71 51.35 73.7 17.7 0 72.35 45.05

Lancor Holdings 0903 4.05 101.05 124.15 472.38 31.39 22.5 0912 19.05 149.02 2.4 50 9.1 79.73 107.35 129 16.5 11.8 217.38 62.08

Lok Housing 0903 42.88 0.24 21.39 -82.58 0.43 41.35 0912 2.25 -75.38 0.04 -102.29 0.03 -8.68 38.45 62.45 13.55 0 164.87 48.74

Marathon nextgen 0903 12.64 28.25 105.04 4.13 41.77 132.49 0912 55.24 -3.44 39.35 63.82 85.79 180.96 380 567.45 95.95 4.42 480.32 89.15

Marg Projects 0903 5.45 2.97 17.69 7940.91 1.72 29.98 0912 15.55 127.34 0.37 208.33 3.94 59.76 113.3 125 18.1 28.76 61.75 54.56

Parsvnath Devl. 0903 184.7 6.07 733.54 -57.51 113.05 103.93 0912 211.27 146.41 32.67 512.95 6.22 45.59 114.45 151.35 30.55 19.37 2272.4 74.73

Prime Property 0903 10 108.67 87.58 -16.87 14.5 34.45 0912 18 -64.06 0.6 -83.15 2.96 41.76 60.3 129 47 8.53 120.6 60.65

rDB inds. 0903 10.75 2.55 26.61 69.06 2.69 72.87 0912 14.76 142.36 1.39 44.79 4.94 27.2 109.5 142 30.5 25.58 117.71 58.79

Sobha Developer. 0903 72.9 10.32 974.74 -31.8 109.68 149.45 0912 307 70.08 40.8 444 9.7 37.95 272.3 319.7 75 30.29 2670.17 64.67

Unitech 0903 324.68 29.57 1837.07 -34.49 739.66 17.61 0912 642.88 216.67 131.94 576.62 1.85 37.49 73.7 118.35 26 43.87 17605.46 43.84

Vipul Ltd 0903 12 5.35 419.44 46.45 18.05 57.63 0912 70.44 38.69 6.76 22.02 3.34 65.29 44.6 80.95 24.15 13.39 267.6 59.12

Consumer Durables

aPW Pres.Sys. 0903 6.05 21.26 143.04 4.32 9.21 77.45 0912 34.62 -1.76 0.47 -80.89 11.18 28.54 120.3 174 46 10.75 72.66 71.28

Bajaj electrical 0903 17.29 45 1775.06 28.71 89.13 134.51 0912 592.13 39.35 34.09 75.36 14.58 28.32 213.7 220.7 28.41 16.39 2084.64 65.69

Bharat electron 0903 80 21.19 4583.31 12.9 745.76 475.89 0912 1179.56 75.81 223.87 82.35 136.67 10.87 2220.35 2232.3 813.25 16.25 17762.8 75.86

Blue Star 0903 17.99 57.17 2552.29 14.89 180.29 40.81 0912 593.07 4.82 42.33 31.5 22.21 29.72 383.25 425 137.7 18.24 3447.33 40.13

BPL 0903 48.51 0 76.16 -31.93 -13.47 13.95 0912 21.56 26.75 4.19 -161.44 1.8 -39.81 37 46.5 15 9.44 179.49 66.16

centum electron 0903 7.4 1.14 21.53 -57.09 0.37 43.61 0912 3.81 16.51 -0.13 -7.14 0.49 -9.07 105.7 113.75 21.85 0 78.22 61.26

Fedders Lloyd 0906 30.77 8.1 460.22 3.19 11.32 46.66 0912 140.42 99.26 7.54 513.01 8.06 17.5 82.9 94.2 18 10.27 255.08 37.69

Genus Power 0903 14.79 18.39 556.57 19.23 13.21 184.54 0912 133.85 11.12 -33.82 -417.56 29.07 47.48 175.2 281.85 75.1 5.76 259.12 41.15

Hawkins cookers 0903 5.29 81.85 241.82 18.5 19.12 50.53 0912 75.19 22.56 11.67 243.24 67.84 17.74 852.2 857.75 155.15 12.57 450.81 56.03

Hind rectifiers 0903 3.01 23.89 98.18 -3.74 9.45 28.26 0912 18.72 -18.25 2.11 8.76 4.39 22.75 57.9 91.75 26.25 13.19 87.14 43.63

Hitachi Home 0903 22.96 22.42 470.13 5.28 21.07 45.52 0912 110.92 64.03 8.77 -304.43 17.75 11.05 238.5 258 31.05 13.43 547.6 69.9

Honeywell auto 0812 8.84 29.73 962.34 11.11 81.85 357.69 0912 319.08 10.57 34.97 44.5 150.2 23.87 2564.35 2735.05 653.25 17.07 2266.89 81.24

iFB inds. 0903 29.62 16.69 489.94 16.11 315.08 31.89 0912 178.74 24.57 17.02 -92.29 35.74 20.92 90.9 99.9 23.15 6.49 277.43 73.01

iSt 0903 5.85 1.4 19.05 -5.18 1.74 213.83 0912 3.78 -27.59 0.29 -27.5 2.03 8.48 163.95 177 62.05 96.44 95.58 74.99

Jct electronics 0903 78.48 0 387.88 14.56 -74.01 -3.5 0912 99.84 7.23 -1.63 -90.22 0 4.75 2.03 5.22 1.8 0 159.31 83.15

khaitan elect. 0903 11.5 3.9 285.1 -10.92 -4.78 96.65 0912 78.31 24.07 0.69 -120.29 1.23 21.96 78.1 121.3 29.5 10.24 89.82 45.73

Lloyd electric 0903 31.01 5.64 585.32 -11.98 20.37 119.66 0912 147.9 44.77 8.22 289.57 9.04 29.72 58.55 75.95 16.5 6.38 181.51 33.73

Mic electronics 0906 20.13 20.88 239.71 -22.03 62.13 28.8 0912 62.93 -7.55 21.4 24.78 5.54 78.52 44.3 59.9 17.5 7.74 445.88 32.63

Mirc electronics 0903 6.7 3.31 1429.79 -6.39 8.95 36.74 0912 337.79 -13.8 4.95 98.8 0.89 9.02 17.25 21.4 8.79 37.5 374.15 55.13

MVL industries 0906 24.55 10.29 354.73 6.55 9.78 40.69 0912 137.25 15.1 4.68 44.89 4.04 34.99 21.85 30.8 11 5.41 53.64 43.57

numeric Pow.Sys. 0903 5.05 18.35 409.42 5.94 33.46 338 0912 113.58 9.59 9.75 79.56 27.44 27.67 317.7 364.7 79 8.44 320.88 63.18

opto circuits 0903 161.47 38.79 401.23 22.07 139.93 24.9 0912 116.89 23.55 35.63 14.27 8.33 46.97 225.05 247.9 80.5 28.49 4116.16 27.48

Panasonic Home 0903 8.57 8.01 99.13 26.22 1.42 20.82 0912 44.23 36.68 0.64 36.17 1.46 16.43 125.3 128.95 22.05 88.87 107.38 70.42

Samtel color 0903 51.27 0 717.09 -7.71 -74.56 16.24 0912 245.21 4.95 3.83 -115.98 8.35 -2.25 17.8 25.4 4.82 0 91.26 49.61

Sharp india 0903 25.94 0.33 91.67 -0.02 0.08 8.53 0912 23.29 0.26 0.55 -131.43 1.13 -4.51 28.15 34.1 9.82 25.36 73.02 80

Siemens 0909 67.43 35.3 8386.79 1.2 1044.85 86.47 0912 1834.01 12.59 236.41 -28.49 28.19 36.19 731.3 764 217.35 30.74 24659.44 55.18

Sujana Univ. ind 0809 123.84 5.48 1172.84 29.01 23.02 38.02 0912 486.08 126.43 5.07 119.48 1.84 21.94 12.5 14.65 3.33 6.01 154.8 15.25

Symphony comfort 0906 7 98.26 124.22 69.58 43.25 73.3 0912 25.68 65.89 2.91 66.29 65.45 38.22 312.9 312.9 34 7.21 219.03 75

timex Group 0903 10.1 8.54 129.24 -1.94 7.46 1.76 0912 35.29 0.77 1.48 -67.9 0.47 14.55 26.85 31.5 7.46 52.65 271.18 74.93

titan inds. 0903 44.39 32.2 3881.75 28.85 158.96 124.18 0912 1333.6 30.26 75.43 498.65 51.1 34.03 1823.9 1905 717 35.68 8096.29 53.05

ttk Prestige 0903 11.33 30 402.37 23.58 22.38 72.81 0912 146.73 20.78 15.33 135.12 38.15 23.57 543 576 87.65 14.99 616.3 74.92

Value industries 0909 39.19 0.99 1204.18 -3.25 4.81 114.21 0912 338.63 19.53 2.52 563.16 1.81 2.35 20.5 24.65 8.6 11.39 80.59 46.76

Videocon inds. 0909 229.41 5.76 9163.04 -6.06 400.66 312.06 0912 2806.56 35.28 131.67 117.89 20.7 377.02 230.15 268.18 84.09 13.6 6505.42 68.46

Whirlpool india 0903 126.87 56.25 1940.13 8.62 70.52 10.77 0912 570.82 24.02 16.16 133.86 6.48 6.72 172.05 178.3 24.8 19.78 2182.8 75

Zicom electron. 0903 12.7 9.01 195.25 18.68 9.86 83.69 0912 67.08 28.75 3.02 24.79 8.73 36.74 102.05 134 61.05 11.7 129.6 18.38

Crude Oil & Natural Gas

aban offshore 0903 7.56 28.6 1005.01 46.97 259.76 243.17 0912 300.32 14.8 73.6 31.73 75.58 29.42 1220.5 1679.5 311.6 18.48 5309.17 52.91

asian oilfield 0906 11.27 7.47 61.7 33.84 5.3 64.64 0912 6.2 -71.39 0.41 -67.72 2.21 45.29 62.15 85 29.3 60.34 95.21 5.95

Hind.oil explor. 0903 130.51 5.18 85.18 4.77 53.57 81.23 0912 32.64 178.02 10.35 2.88 3.05 17.31 242.6 398.9 52 83.08 3166.66 47.18

o n G c 0903 2138.89 21.59 63629.9 6.32 16126.32 368.11 0912

15314.4

9 23.14 3053.58 23.39 71.07 14.67 1056.05 1273.5 652.3 14.86 225875.36 74.14

Selan expl. tech 0903 14.32 60.02 99.89 189.87 46.64 68.23 0912 15.97 -16.82 7.2 -20.62 16.02 68.84 437.9 467.9 115 34.7 676.12 41.22

Shiv-Vani oilGas 0903 43.9 13.55 680.39 65.88 94.82 160.6 0912 305.57 90.91 24.28 44.78 21.22 54.84 385.9 397.9 94 18.18 1694.49 53.99

Diamond, Gems and Jewellery

asian Star co. 0903 10.67 5.84 1255.01 -3.84 19 299.85 0912 315.21 7.82 6.35 -4.94 21.64 5.33 1079.85 1999 925 86.53 1152.2 74.97

classic Diamonds 0903 7.69 1.63 677.22 -4.68 3.57 57.33 0912 166.13 -6.04 3.2 -207.38 3.52 1.75 20.9 30.4 7.1 7.44 81.93 64.88

Gitanjali Gems 0903 85.06 6.78 2693.85 1.49 126.77 222.39 0912 876.01 59.26 31.44 16.88 12.59 15.58 116 148.9 38.7 7.16 986.7 51.47

Goldiam intl. 0903 25.55 -8.27 55.95 -40.56 -13.62 60.66 0912 14.61 -19.59 5.78 -217.48 2.41 -20.7 47 52.35 11 30.32 120.08 54.03

rajesh exports 0903 25.7 16.14 11376.91 38.95 87.38 35.56 0912 4532.17 65.87 43.9 157.18 4.04 30.66 105.95 110.8 22.1 26.29 2738.81 57.95

renaissance Jew 0903 19.08 10.68 669.43 54.6 20.35 111.07 0912 201.42 3.27 11.63 622.36 15.92 32.53 83.2 90 19.2 5.23 158.75 73.2

Shrenuj & co. 0903 13.86 6.37 911.36 -7.7 13.26 28.59 0912 273.42 10.5 4.52 431.76 2.62 17.34 37.4 45.6 13.5 14.27 259.18 58.78

Su-raj Diamonds 0903 43.71 5.04 2417.76 12.96 33.45 155.54 0912 731.99 24.06 14.06 464.66 9.57 27.28 49.75 60 20 6.7 307.65 34.61

Suashish Diamond 0903 20.81 -10.79 752.34 -38.48 -59.83 252.09 0912 312.16 117.05 17.15 -156.36 22.9 11 289 395 96.1 17.37 602.85 89.43

Vaibhav Gems 0903 31.7 0 170.96 -44.84 -254.18 92.08 0912 42.54 -39.14 0.26 -100.3 0.05 5.34 33.1 40.45 11.6 0 104.93 13.63

Diversified

andhra Sugars 0903 27.11 14.48 577.15 25.25 45.28 120.24 0912 143.61 -4.98 25.55 3261.84 23.5 9.88 119.05 159.8 52.1 4.74 322.74 53.78

andrew Yule & co 0903 59.27 17.15 182.41 6.8 29.36 -0.02 0912 55.99 7.82 53.79

-

8918.03 2.34 12.87 47.05 99.7 20.3 43.56 1394.33 94.42

Balmer Lawrie 0903 16.29 28.5 1636.05 13.69 101.62 238.4 0912 404.25 -0.16 26.64 12.22 67.48 12.3 604.85 754 220 8.96 985.3 0

Bombay Dyeing 0903 38.61 -67.5 1304.94 36.76 -194.62 43.73 0912 402.75 26.32 2.36 -104.08 4.63 7.91 578.8 615.95 128 0 2234.75 47.09

camlin 0903 6 14.25 284.11 32.44 6.11 8.91 0912 62.02 3.94 -1.39 39 1.94 8.74 22.65 30.85 7.6 11.8 136.35 38.7

century textiles 0903 93.04 19.15 3885.04 10.85 236.54 158.91 0912 1068.1 21.4 59.64 110.52 43.66 12.18 522.2 595 183 10.86 4858.55 40.38

DcM Shriram con. 0903 33.34 8.56 3405.49 37.37 101.79 73.88 0912 827.48 -9.08 36.24 300.44 9.17 19.77 54.55 71 22.85 5.95 904.98 56.01

Delta corp 0903 13.55 5.45 42.74 -33 8.31 11.47 0912 14.95 35.17 4.73 1333.33 0.84 70.23 36.95 59 27.5 33.29 617.43 48.4

english ind.clay 0903 4.47 18 281.8 5.74 19.02 164.25 0912 82.92 17.33 6.85 71.25 52.85 14.92 617.8 815 249 10.67 276.16 79.91

Forbes & co 0903 12.9 0 187.66 -22.25 -47.49 110.81 0912 33.66 -26.28 -4.69 -70.71 1.92 -14.45 383.6 618.8 305.05 0 494.84 73.35

Gillanders arbut 0903 14.07 11.46 477.88 19.76 16.56 105.86 0912 185.7 43.21 19.81 85.49 27.06 57.32 147.45 175.5 47 6.8 209.82 68.51

Grasim inds 0903 91.67 18.73 10864.11 5.67 1647.96

1032.3

7 0912 3051.89 14.79 595.88 80.81 275 15.78 2913.95 2952

1443.1

5 12.22 26715.09 25.5

Hinduja Ventures 0903 20.56 4.79 3.24 -73.42 33.01 291.89 0912 0 -100 12.2 100.33 16.75 -54.29 316.9 407.8 85.15 25.23 651.23 65.79

kesoram inds. 0903 45.74 32.9 3881.53 29.83 378.74 289.9 0912 1178.92 23.86 36.83 -5.95 80.99 24.54 386.25 409 118.05 4.77 1766.71 26.47

Mawana Sugars 0909 34.96 0 678.67 -33.83 -57.22 62.51 0912 243.35 73.65 14.05 -158.49 4.11 33.03 31.2 52.5 15.1 0 109.04 65.97

nava Bharat Vent 0903 15.24 46.09 1268.51 39.1 455.1 153.73 0912 259.97 -8.88 132.24 30.81 65.09 26.82 402.25 462.4 123.05 6.14 3055.09 45.75

neSco 0903 7.05 37.15 85.11 -10.11 32.8 147.87 0912 31.62 11.5 17.31 35.66 51.51 57.47 1077.4 1420 375 23.01 758.49 62.04

orient Paper 0903 19.28 41.75 1536.45 16.52 200.09 33.32 0912 370.05 2.25 30.14 -44.48 8.22 19.32 49.6 61.25 23 5.66 956.29 33.85

Prakash inds. 0903 115.47 26.06 1526.53 21.8 204.16 73.65 0912 360.35 6.65 66.03 78.17 20.6 14.2 229.65 240.9 41.9 11.65 2774.63 54.28

Sintex inds. 0903 27.1 16.99 1884.4 13.72 266.71 120.13 0912 518.69 2.55 55.9 -11.34 17.93 28.99 270.25 296.9 88.7 14.78 3688.91 30.15

Page 31: magazine April 2010

April 2010 [30]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net Sales

Growth

Reporte

d Net

Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth

%

TTM

eps

CAGR

Sales

% CMP

52

Week H

52

Week L

Latest

P/E

Market

Cap

Promot

er

Holdin

Dry cells

eveready inds. 0903 36.34 4.07 857.33 1.2 19.4 66.48 0912 245.96 14.68 11.03 30.84 6.91 -0.54 65.35 76.5 16 8.71 474.96 40.29

HBL Power System 0903 24.28 26.45 1264.97 26.71 90.96 158.6 0912 247.4 -17.53 22.6 35.01 4.08 48.57 34.95 45.6 9.75 8.78 884.23 70.09

nippo Batteries 0903 3.75 12.95 265.06 1.69 16.03 339.71 0912 74.67 18.39 3.08 -3.75 48.27 3.45 416.8 470 275 8.63 156.3 74.9

Edible Oil

agro tech Foods 0903 24.37 17.26 773.61 -23.29 20.85 53.26 0912 174.36 -4.3 7.77 20.65 9.7 -9.3 249.5 304.7 85 25.72 608.03 62.87

amrit Banaspati 0903 7.48 11.84 803.93 5.95 3.36 38.72 0912 223.12 10.29 2.43 14.62 11.05 27.47 157.4 184.5 25 14.23 115.85 72.55

amrit corp 0903 3.21 10.47 31.38 24.18 2.78 85.89 0912 7.64 4.09 0.5 -53.27 8.4 -41.26 233.6 290.7 47.05 27.78 74.99 65.43

anik industries 0903 27.75 5.61 1010.44 38.61 10.79 70.85 0912 286.73 64.05 1.5 40.19 3.78 -1.17 56.45 88.45 16.95 14.93 156.65 50.18

aVt natural Prod 0903 7.61 16.18 85.79 0.86 7.02 59.86 0912 22.67 2.39 2.98 67.42 9.2 10.52 95.3 118 50.05 10.35 72.52 69.6

Gokul refoils 0903 26.38 8.78 2731.72 33.11 23.49 129.81 0912 861.98 62.44 18.35 -219.39 3.19 40.59 62.2 70.45 38 19.56 820.42 69.76

Guj. ambuja exp 0903 27.67 7.14 1601.62 -12.32 23.57 21.85 0912 433.49 -21.32 10.48 -435.9 2.1 8.26 17.15 36.2 13.43 10.03 237.27 63.72

JVL agro indus 0903 7.5 25.06 1382.12 19.68 25.86 140.43 0912 336.29 2.91 8.52 15.92 34.17 26.8 110.2 150 49.95 2.83 82.65 49.53

k S oils 0903 35.63 21.83 3146.67 53.95 169.36 25.46 0912 1111.84 34.05 53.04 23.12 5.34 46.39 68.05 77 40.35 13.45 2698.86 34.34

kSe 0903 3.2 11.69 350.08 20.93 3.2 87.59 0912 95.18 1.57 2.09 0.48 31.45 13.42 192 246.5 95 6.1 61.44 31.87

Murli industries 0903 10.24 18.94 520.22 -19.87 45.94 258.09 0912 211.72 36.71 12.64 214.43 8.16 8.09 68.45 80.6 13.03 8.39 350.46 52.38

rasoi 0903 1.93 -31.13 155.68 3.22 -6.65 93.47 0912 18.86 -54.58 0.54 -109.47 7.67 0.39 309.25 454.15 245 16.31 59.69 58.71

rasoya Proteins 0903 13.57 15.45 288.33 2.6 5.9 32.9 0912 77.66 -13.39 1.28 -3.03 4.29 26.65 32.15 46.75 18.4 8.96 65.17 46.1

ruchi infrastr. 0903 20.3 -17.4 1173.17 21.04 -11.94 5.98 0912 485.87 101.36 9.67 -134.88 1.56 10.96 48.95 74.95 8.49 37.65 996.62 53.68

ruchi Soya inds. 0903 37.76 8.31 11920.72 9.28 93.28 59.2 0912 3799.45 26.84 40.24 253.6 6.84 27.53 93.4 108.2 21.4 16.05 2257.95 36.24

Sanwaria agro 0903 17.4 41.35 1111.42 18.29 38.05 6.22 0912 329.86 23.07 9.29 171.64 2.31 33.93 56.4 98 19.6 24.74 981.36 70.04

Vippy industries 0803 6.06 13.28 542.41 15.04 2.68 2.6 0912 230.43 -8.18 3.03 -20.05 0.55 28.66 6.65 9.12 3.71 10.39 106.8 95.7

Entertainment

Baba arts 0903 5.16 14.48 77.55 117.11 2.79 18.88 0912 105.82 407.04 2.91 449.06 0.9 98.44 14 15.4 2.79 15.73 72.24 55.1

BaG Films 0903 22.54 0.87 60.35 14.76 1.51 15.54 0912 7.37 -14.4 1.5 837.5 0.13 26.98 18.9 27 11.15 0 296.82 39.05

Balaji telefilms 0903 13.04 7.08 294.92 -10.35 26.67 59.64 0912 38.97 -22.94 1.82 219.3 1.81 10.59 51.8 78.4 28.45 0 337.74 40.24

cinemax india 0903 28 3.22 120.32 60.36 6.41 49.61 0912 46.96 53.92 7.04 345.57 2.97 113.38 64 80.8 28.1 22.46 179.2 68.37

cni research 0903 3.06 3.06 1.05 -17.97 -0.51 2.37 0912 0.79 172.41 0.77 -202.67 0.37 13 16.45 25.5 3.23 56.72 106.6 45.85

compact Disc 0903 9.57 68.8 187.1 82.13 39.5 80.04 0912 63.29 26.28 13.02 29.68 49.26 54.61 66.95 76.95 34.15 1.36 64.07 20.01

crest animation 0903 22.59 0 37.43 2.6 -6.87 51.29 0912 9.96 34.05 0.67 9.84 2.18 20.73 91.1 94.4 14.85 142.34 205.79 15.92

D c Holdings 0903 48.98 12.64 814.94 4.16 140.07 46.95 0912 233.37 8.7 77.67 202.57 10.46 47.45 173.3 178 32.5 15.97 4197.33 63.69

Dish tV 0903 68.73 0 737.69 78.48 -476.27 -9.08 0912 277.21 43.83 -76.22 -35.44 0 133.84 37.05 59.95 22 0 3939.9 64.81

ent.network 0903 47.67 0.58 228.28 1.36 2.91 65.79 0912 63.33 6.01 10.74 120.99 3.31 32.64 207.75 270.9 111.5 69.02 990.34 71.15

Fame india 0903 34.8 2.13 109.63 41.06 1.88 23.94 0912 53.04 65.91 6.87 -296.29 3.76 106.78 85.9 95.25 9.4 113.03 298.93 43.7

G V Films 0903 352.14 0 9.4 -76.17 -119.6 10 0912 3.39 769.23 -2.05 17.14 0 29.71 1.77 3.27 0.85 0 62.33 1.9

H t Media 0903 46.85 10.77 1323.04 11.53 85.23 38.48 0912 322.71 -3.33 18.42 135.55 4.5 26.02 140.95 173.8 44.05 24.86 3312.32 68.84

inox Leisure 0903 61.9 8.96 225.61 9.39 24.34 45.89 0912 83.89 28.65 8.74 119.05 4.46 49.73 67.95 91.95 23.25 18.27 420.61 66

Jagran Prakashan 0903 60.23 16.68 823.37 9.84 91.63 18.59 0912 222.94 9.74 39.73 156.82 5.35 21.6 124.45 141.8 49 23.22 3748.43 55.33

JMD telefilms 0903 7.01 4.71 68.36 25.34 0.45 19.71 0912 25.56 18.06 0.43 186.67 1.21 228.02 92.55 151.6 4.35 0 648.78 17.82

k Sera Sera 0903 67.13 0 36.85 -42.14 -4.28 23.75 0912 2.75 161.9 0.09 -76.92 0.47 8.97 11.04 23.7 9.98 92 227.38 0

kohinoor Broad. 0903 110.21 16.12 5.1 -60.47 19.73 11.78 0912 1.05 -8.7 -1 -3433.33 5.56 -20.14 5.02 9.91 2 2.77 55.33 0.36

Mukta arts 0903 11.29 3.26 165.83 49.83 4.1 56.06 0912 22.83 -74.58 1.48 -74.74 0.66 50.22 63.85 80 32.05 0 144.17 70.37

nDtV 0903 25.09 -43.48 344.45 -4.98 -73.18 21.22 0912 82.3 0.56 -1.66 -90.5 0 41.67 125.45 188.55 78.5 0 801.63 63.16

Pentamedia Graph 0903 24.78 0.25 5.22 -36.5 0.72 17.32 0912 4.77 424.18 1.97 1870 0.1 -47.84 2.52 4.56 1.32 28 104.58 11.37

Prime Focus 0903 12.82 6.93 91.1 6.28 13.34 155.37 0912 20.58 -15.48 2.08 -32.25 4.97 35.2 217.35 283.7 78.5 114.39 278.64 53.84

PVr 0903 23.01 6.1 305.27 13.59 12.65 91.41 0912 88.83 10.64 6.76 48.57 5.18 44.66 175 203.95 69 0 402.67 41.57

raj television 0903 12.98 0.81 59.7 10.84 0.91 86.73 0912 9.21 -17.55 -4.63 -4730 0 10.86 60.05 84.35 34.55 0 77.94 72.48

reliance Media 0903 23.06 0 485.27 70.31 -29.73 117.61 0912 141.34 -28.19 -16.05 -15.53 0 45.14 227.25 463.5 150.75 0 1048.08 62.23

Sahara one Media 0903 21.53 0.72 234.95 19.11 1.99 129.41 0912 45.98 9.4 1.87 -114.37 4.99 14.81 170.7 228.4 98.1 74.87 367.52 74.99

Saregama india 0903 14.68 1.46 104.17 -24.16 1.37 64.22 0912 26.67 28.59 0.47 161.11 0.59 8.53 69.1 126 45.1 63.39 120.23 54.72

Sh.ashtavinayak 0903 10.48 12.11 130.51 39.48 12.95 113.63 0912 160.8 289.35 18.29 177.96 0.58 73.17 11.69 33 10.01 41.75 924.21 31.52

Sun tV network 0903 197.04 26.79 1008.2 17.09 437.11 45.49 0912 395.08 45.88 151.94 35.37 13.09 29.91 418.3 439 159.9 31.93 16484.37 77

t.V. today netw. 0903 28.98 10.92 249.99 8.19 33.55 55.42 0912 70.36 7.8 13.69 57.9 8.48 12.27 112.95 151.8 63.2 13.29 652.63 55.92

tips industries 0903 17.31 15.34 64.72 -42.54 11.45 45.79 0912 49.65 568.24 6.98 830.67 7.4 21.09 53.55 62.7 21.5 7.29 92.64 54.99

tV 18 india 0903 60.01 2.77 287.71 -1.54 19.82 43.71 0912 69.41 9.26 -12.66 -233.26 0 46.17 74.3 156.37 57.86 0 1347.65 51.72UtV Software 0903 34.2 3.32 251.19 -12.26 25.82 297.51 0912 159.11 178.8 40.2 424.12 14.06 20.78 461.3 577.5 190 35.62 1874.26 83.26Zee entertainmen 0903 43.4 13.85 1210.24 16.15 309.74 53.99 0912 323.76 13.29 147.9 192.12 9.08 19.09 265.6 292.7 94.9 29.25 11527.04 41.5

Fertilizersaries agro 0903 13 2.86 108.83 7.04 1.28 68.74 0912 51.72 66.73 6.44 1115.09 7.63 32.42 113.55 116.5 25.3 19.02 147.62 52.64chambal Fert 0903 416.21 19.44 4595.53 68.95 230.56 29.66 0912 1141.67 -7.76 79.75 5.91 6.82 15.69 61.05 75.6 37.5 11.14 2540.96 53.24coromandel inter 0903 27.98 51.66 9419.05 148.21 496.38 80.57 0912 1756.81 -52.85 146.12 10.21 27.6 50 327.4 337 87.3 12.29 4591.79 64.4Deepak Fert 0903 88.2 19.8 1386.2 32.91 148.7 91.06 0912 362.08 -0.37 52.86 136.19 18.99 23.94 109.6 126.2 51.5 6.49 966.67 42.61F a c t 0903 354.77 5.97 2146.76 139.05 42.95 0.1 0912 565.97 -21.11 -17.49 -431.25 0 17.1 50.1 73.4 18.75 0 3241.82 98.96G n F c 0903 155.44 11.79 2921.78 -14.9 227.52 129.58 0912 765.9 -22.28 59.69 -40.71 11.69 15.09 108.45 135.7 56.55 9.28 1685.53 41.18G S F c 0903 79.7 29.33 5884.68 64.97 499.36 242.34 0912 1141.33 -42.76 113.91 -33.5 39.65 22.86 204.5 255 81.2 5.16 1632.11 37.84Liberty Phosphat 0903 9.44 64.26 304.86 199.09 19.43 44.96 0912 47.99 -39.02 0.77 -64.35 3.63 31.05 34.75 44.5 10.05 3.24 50.18 51.18Mangalore chem. 0903 118.55 13.5 2469.63 49.14 28.17 25.19 0912 595.22 -10.35 24.2 32.6 3.93 32.09 22.95 28.15 10.82 4.71 272 30.44nag. Fert & chem 0903 428 3.63 2373.57 8.07 32.41 21.26 0912 609.6 12.61 12.13 163.7 1.3 17.01 31.4 47.5 14.5 23.97 1344.49 37.88natl.Fertilizer 0903 490.58 6.77 5127.1 23.82 97.46 29.98 0912 1453.1 15.74 36.71 -5.58 2.42 8.64 107.15 149.25 28.3 63.03 5256.56 97.64r c F 0903 551.69 15.59 8366.39 62.75 211.58 30.33 0912 1606.58 -29.48 77.78 13.09 3.71 29.48 84.5 117.9 32.8 22.78 4661.78 92.5S P i c 0903 107.95 0 377.84 -74.41 -707.21 -102.22 0912 131.1 38.54 -12.08 -96.11 0 -25.22 17.65 19.4 5.5 0 190.53 39.24tata chemicals 0903 235.23 14.15 8363.35 107.18 452.05 164.06 0912 1522.89 -40.29 102.64 1660.55 22.72 27.07 308.05 341.8 113.65 13.98 7493.62 29.14Zuari inds. 0903 29.44 10.53 6090.59 132.65 93.28 315.01 0912 1094.89 -46.38 24.89 24.45 46.37 38.41 622.65 641.1 122 14.43 1833.08 34.37

Financea.k.capital Serv 0903 5.8 37.33 130.19 50.96 37.6 192.1 0912 41.32 8.37 13.51 29.78 78.47 57.04 267.4 319.45 135 3.51 176.48 58.67aditya Birla Mon 0903 5.54 1.39 70.81 -41.98 0.63 8.2 0912 24.56 64.39 2.9 -843.59 1.41 24.72 52.4 70.75 10.3 49.9 290.3 76alka Securities 0903 9.59 17.47 5.33 -1.84 2.09 2.73 0912 0.51 -50.96 -0.01 -105.26 0.22 31.8 6.91 23.6 3.06 34.55 69.1 50.09almondz Global 0903 15.19 6.87 69.08 -21.69 6.01 35.77 0912 25.14 19.09 3.04 -61.95 4.02 -33.99 52.5 63 15.1 9.1 132.91 50.5arihant capital 0903 6.51 4.98 37.67 -40.62 1.89 61.18 0912 11.57 70.9 1.89 285.71 8.44 -31.92 97.3 114 23.4 13.5 65.48 74.52aurum Soft 0903 8.68 0.89 1.21 -57.69 0.17 38.56 0912 0 -100 -0.32 -1700 0.09 -26.68 93.2 115.5 53.95 0 80.9 31.64Bajaj auto Fin 0903 36.6 3.15 584.06 20.2 33.91 297.47 0912 224.89 65.35 27.32 142.2 21.67 36.5 313 380 43.45 14.45 1145.58 49.11Bajaj Holdings 0903 101.18 6.84 219.91 -37.28 196.02 316.88 0912 131.25 881.68 114.9 1332.67 71.8 -45.94 573.65 700 243 7.72 5804.19 31.36Bhagyashree Leas 0703 3.5 0 0.04 0 0 10.4 0912 0 -100 0 -100 0.02 0 199.1 383.65 21.4 0 69.68 56.73BLB 0903 5.29 -8.48 1761.59 6.09 -10.81 23.01 0912 696.69 54.09 10.88 197.27 6.31 9.33 14.1 23.4 7.55 3.14 74.59 67.3can Fin Homes 0903 20.49 13.52 222.9 0.65 31.53 120.3 0912 54.97 -4.12 8.94 15.95 17.8 11.6 79.55 100.15 50.2 4.46 163.08 42.33

centrum capital 0906 6.83 8.51 72.83 37.47 16.22 290.25 0912 17.69 -25.95 5.87 -41.82 20.81 41.17

1351.2

5 1732 1205 78.7 922.9 33.73choice intl. 0903 4 3.3 1.88 69.37 0.14 10.55 0912 10.85 4240 1.04 1980 3.46 -17.37 105.45 159.45 11.61 31.57 68.54 26.96chola.DBS Fin. 0903 66.47 6.76 1115.2 25.12 42.75 72.36 0912 232.51 -2.5 7.52 -127.12 12.92 37.57 90.5 97.95 23.35 6.26 601.01 74.96comfort intech 0903 16 5 26.02 -52.79 0.85 13.93 0912 12.32 120.39 0.34 -117.17 0.18 31.41 27.5 30.1 1.92 152.78 440 44.25DB intl.Stock 0903 3 1.87 6.02 -51.53 0.24 43.1 0912 2.14 214.71 0.3 500 2.42 42.07 133.2 140.95 22.6 92.5 93.24 30.04Dewan Housing 0903 60.52 20.55 691.7 32.64 91.77 75.11 0912 240.29 36 40.17 73 19.43 36.33 200 220.65 52.25 12.24 1640.4 47.93Dolat investment 0903 17.6 21.4 34.7 -34.34 14.89 4.32 0912 3.99 -32.26 1.23 -64.24 0.55 41.07 4.29 7.8 2.54 7.66 75.5 71.86edelweiss cap. 0903 37.47 1.95 191.39 2.09 26.37 180.79 0912 53.68 37.85 4.1 -6.82 4.15 79.12 446.1 542 241 107.75 3348.43 38.08eicher 0703 11.14 71.09 31.54 604.02 31.37 53.69 0612 0.22 29.41 0.15 -1600 3.84 -43.98 264.95 0 0 9.41 295.15 74.84First Leasing 0903 22.79 17 189.36 19.6 33.55 92.83 0912 39.9 -9.11 9.47 9.48 15.36 10.13 52.6 69.9 27.9 3.42 119.88 27.28Fortune Fin.Ser. 0903 11.1 3.5 7.49 -80.11 2.32 70.65 0912 2.99 708.11 1.72 -444 4.44 27.08 95.6 157.75 22 23.72 115.87 52.47Geefcee Finance 0903 10.94 0.02 17.02 -39.92 0.01 58.84 0912 2.03 1 0 -100 0.34 140.85 74.6 238 37 466.25 81.61 36.93Gic Housing Fin 0903 53.85 17.2 312.46 13.82 57.14 64.65 0912 73.74 -7.11 15.5 54.38 12.34 25.57 86.7 103.3 33.05 7.01 466.88 49.27Global capital 0803 23.7 4.84 2.73 76.13 1.23 10.78 0912 0.55 103.7 0.16 1500 0.41 74.24 54 94 15.75 490.91 127.98 5.26GrUH Finance 0903 34.65 24.45 294 45.17 50.27 63.74 0912 75.86 -3.78 15.52 31.53 16.91 28.79 212.6 245 83 12.58 737.93 61.42

H D F c 0903 284.45 18.2 10994.79 34.47 2282.54 461.85 0912 2756.95 -5.56 671.25 22.75 92.27 29.07

2693.0

5 2875 1355.55 29.31 77177.43 0HB Portfolio 0903 12.27 6.93 9.01 -53.96 7.15 85.82 0912 3.1 58.97 3.36 66.34 6.56 40.26 44.75 60 18.3 6.82 53.66 61.13HB Stockholdings 0903 24.34 0 24.62 0.08 -3.31 35.3 0912 0.59 -177.63 0.79 -146.47 18.43 58.13 25.05 35.8 8.27 1.36 59.59 50.95

Page 32: magazine April 2010

April 2010 [31]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended Net Sales

Net

Sales% PAT

PAT

Growth

%

TTM

eps

CAGR

Sales % CMP

52 Week

H

52

Week L

Latest

P/E

Market

Cap

Promoter

HoldingHSBc investDir 0903 69.84 -2.25 24.3 -38.96 -15.21 95.54 0912 3.87 -18.53 -4.59 -68.45 0.75 -21.49 238.85 285.35 50 0 1685.56 93.11

i D F c 0903 1295.28 12.82 3313.94 31.31 735.92 46.55 0912 880.76 11.3 240.11 39.05 6.81 39.74 164.2 179.7 49.2 24.11 21291.32 0

iFci 0903 762.41 25.7 1373.18 -28.11 657.15 37.09 0912 385.07 9.02 136.35 30.5 7.62 4.36 51.2 61.15 17 6.62 3777.74 0

iL&FS inv Manage 0903 39.79 60.53 97.03 17.91 36.64 15.72 0912 21.41 -7.91 8.77 0.23 2 45.74 40.3 58 16.61 20.56 818.29 51.94

india Securities 0903 19.96 9.31 52.1 762.58 3.98 18.36 0912 0.99 6.45 1.07 -9.32 0.35 46.43 13.9 16 1.57 42.12 277.44 73.98

indiabulls Sec. 0903 50.69 -3.28 400.27 -36.26 -12.88 11.31 0912 68.28 -3.99 11.44 -44.92 2.3 41.93 29.45 61.2 20.2 0 746.41 27.11

indiaco Ventures 0903 1.71 6.67 3.58 -10.05 1.18 101.05 0912 1.42 178.43 0.7 1300 1.37 83.94 63.9 86 18.4 67.98 109.27 36.31

indianivesh 0803 3.78 14.73 6.95 -8.07 3.45 64.79 0912 0.05 -91.53 -0.36 -289.47 0 270.17 373.95 846.4 349.5 0 141.35 44.38

indl. inv. trust 0903 10 7.55 11.78 296.63 5.13 69.89 0912 0.74 -78.61 0.66 -31.96 5.84 9.33 57.2 65.4 27.15 3.7 57.2 62.72

indl.& Prud.inv. 0903 0.58 17.26 3.55 1.14 2.94 311.9 0912 1.29 29 1.24 30.53 63.21 11.94 935.5 1047 430 16.05 54.26 65.53

JM Financial 0903 74.97 0.48 24.46 -98.62 7.97 21.96 0912 11.55 82.75 1.12 -143.75 0.33 42.18 37.25 65.25 19.15 120.16 2793.75 66.16

JrG Securities 0903 23.17 -1.29 39.86 -24.95 -1.1 33.46 0912 9.6 33.52 0.36 -5.26 1.14 44.12 39.8 50.4 23 0 92.73 49.23

kGn industries 0903 22.25 1.45 82.14 -56.01 0.86 26.7 0912 0.56 -97.02 0.11 266.67 0.45 257.84 371.35 385 14.19 0 8262.54 49.05

Lic Housing Fin. 0903 85 26.15 2883.25 32.96 531.62 262.84 0912 833.61 13.52 153.58 14.33 69.27 23.28 817.6 915.4 199.2 12.8 7761.48 36.54

LkP Finance 0903 12.71 100.35 101.16 1010.43 85.41 96.2 0912 17.83 -1938.14 12.05 -482.54 13.06 96.76 122.85 164.1 48.25 0 153.44 57.05

M & M Financial 0903 95.71 15.41 1379.09 12.9 214.52 153.5 0912 393.94 11.52 93.27 109.6 32.45 35.74 368.05 402 197 11.49 3566.4 61.28

Magma Fincorp 0903 21.78 11.81 615.37 32.23 39.04 135.24 0912 160.52 13.85 16.4 144.78 19.02 49.71 278.55 291 122 12.66 606.68 49.53

Manap.Gen.Fin. 0903 17.26 29.12 164.73 108.02 30.3 93.21 0912 131.95 197.72 34.99 299.89 36.14 68.97 789.8 820 124.1 33.49 2564.48 30.37

Money Mat.Fin. 0903 27 113.78 169.55 2079.31 101.44 55.14 0912 51.64 11.37 30.08 2.21 33.73 206.19 320.15 330 45.75 6.53 864.41 71.04

Motor & Gen Fin 0903 19.36 26.78 15.24 -25.8 37.4 14.98 0912 2.69 -28.07 0.91 -54.5 12.23 15.08 47.05 57 17.1 5.74 91.09 58.08

Muthoot cap.Serv 0903 6.5 38.3 17.07 40.73 5.42 24.77 0912 5.53 24.55 1.73 33.08 10.22 48.3 88.55 100.5 25.4 8.66 57.56 74.98

nalwa Sons 0903 5.14 4.25 14.78 11.04 11.28 527 0912 1.54 -26.32 0.88 0 19.14 3.59 1085 1497 451 56.63 557.69 55.62

nouvea.Multimed. 0803 6.17 2.82 8.36 6.63 0.67 17.21 0912 32.03 2950.48 0.06 0 0.39 40.26 90.8 110.05 7.03 0 140.1 44.72

oscar investment 0903 17.28 116.76 1077.49 2486.39 952.68 747.82 0912 0 -100 12.12 -98.87 33.3 131.66 378.15 517.1 170 14.62 653.44 69.11

Parsoli corpn 0903 28.03 -108.53 6.06 -82.28 -47.83 12.54 0912 1.45 -1.36 -2.03 -25.37 0 40.17 34.5 40.45 12.4 0 96.67 41.19

Pioneer invest 0903 12.63 -16.74 19.19 -66.97 -12.37 53.56 0912 11.12 127.4 3.84 2853.85 7.53 72.13 48.2 73.9 21.25 61.79 58.95 51.36

PnB Gilts 0903 135.01 4.59 111.44 -35.21 24.49 39.97 0912 18.14 -90.71 7.12 -94.92 2.98 -14.03 24.45 35.8 18.5 0 330.1 74.07

Power Fin.corpn. 0903 1147.77 17.27 6563.65 30.19 1969.96 108.18 0912 2027.68 18.17 563.65 66.28 18.7 12.34 258.5 284.9 124.5 13.82 29669.86 89.78

Prime Securities 0903 13.2 -19.75 0.42 -99.21 -22.22 37.77 0912 4.83 -947.37 1.37 -182.53 1.92 -32.28 32.05 51.05 11.31 16.61 84.36 0

ratnabali cap. 0903 5.2 5.17 1128.91 -9.39 3.5 131.25 0912 128.34 -32.61 2.05 3316.67 23.66 -0.86 116 142.6 61 5.59 68.79 74.9

reliance capital 0903 246.16 15.09 2975.99 45.73 968.02 276.5 0912 484.75 -25.59 41.29 -63.92 23.86 54.72 794.45 1066 307.7 33.3 19514.08 53.49

religare enterp. 0903 76.29 0 27.44 -19.74 -15.96 90.9 0912 9.6 259.55 -4.41 14.84 1.04 253.09 371.85 522.97 300.25 0 4752.61 53.82

rr Fin const 903 5.54 1.88 5.55 23.06 4.24 59.37 910 1.07 101.89 0.08 -136.36 10.2 -19.33 70 83.8 24 9.07 38.71 67.92

rural elec.corp. 0903 858.66 22.01 4882.17 38.08 1272.08 72.09 0912 1653.2 34 474.07 48.77 21.29 19.59 249.55 274.5 88.6 13.47 24642.06 81.82

Sahara Housing 0903 7 8.89 17.84 48.17 1.76 29.54 0912 4.37 -8.58 0.48 -18.64 2.02 34.92 137.65 215 50 52.74 96.36 71.35

Se investments 0903 3.15 26.47 48.17 49.69 13.78 221.9 0912 24.45 84.53 7.58 222.55 65.86 54.45 610.65 631 144 26.04 619.81 38.89

Shardul Sec. 0903 17.5 -8.03 -6.66 -113.41 -7.31 49.32 0912 2.82 -238.92 2.25 -208.17 5.07 nan 70.3 119.85 27.5 13.87 123.03 70.08

Shri.city Union. 0903 45.86 20.89 927.74 50.93 117.01 145.31 0912 259.84 7.91 40.55 56.32 39.26 46.29 447.65 556.9 300 12.11 2198.86 53.91

Shriram trans. 0903 203.53 29.63 3697.47 48.18 612.4 112.64 0912 1155.31 18.48 236.81 58.6 36.53 70.83 504.5 526 178 14.85 11322.49 43.88

SiL investments 0903 10.61 6.2 20.13 30.88 7.51 117.04 0912 3.21 -2.13 0.46 0 6.86 -47.02 98.95 115.25 36.5 14.7 105.18 62.74

Spectacle inds. 0903 5.15 8.62 40.9 1198.41 0.49 1.12 0912 10.32 1333.33 0.27 170 0.43 78.14 97.85 101.65 40 489.25 503.93 16.25

Srei infra. Fin. 0903 116.29 7.44 322.27 -30.27 50.36 58.22 0912 121.77 300.56 28.5 1112.77 6.89 22.81 72.05 94.2 24.1 10.5 836.79 30.02

Subhkam capital 0903 5 0 83.05 66.9 -5.85 14.08 0912 18.95 -3424.56 1.58 -290.36 12.19 53.27 868 986 195.85 71.15 434 35.59

Subuthi Finance 0503 4.82 0.66 1.07 -74.94 0.11 34.71 0912 0.05 150 0.01 0 0.16 -29.33 116.95 141.9 7.1 292.38 58.47 67.93

Sundaram Finance 0903 55.55 13.73 1093.81 8.93 150.73 207.5 0912 283.48 3.83 55.38 80.39 40.11 22.65 365.15 443.95 155.05 9.88 2028.41 41.4

tata inv.corpn. 0903 34.46 20.81 212.33 1.09 186.29 274.31 0912 53.78 -39.69 43.28 -47.07 53.69 19.8 489.8 561.7 206.1 12.07 2025.32 65.82

times Guaranty 0903 9 7.48 1 61.29 1.3 20.03 0912 0.02 100 0.1 900 1.86 2.13 68.3 99.2 10.22 43.5 61.4 74.92

tour. Fin. corp. 0903 80.72 10.53 67.27 15.54 28.97 35.25 0912 17.76 -3.79 7.38 23.41 3.9 -5.9 28.3 33.3 13.23 7.24 228.44 56.12

Vardhman Hold. 0903 3.19 7.69 8.61 477.85 8.08 340.85 0912 0.73 -36.52 0.68 -39.29 20.61 -57.67 290 335 112.4 14.06 92.51 67.1

Visagar Polytex 0806 0.74 58.41 25.6 326.67 1.38 37.57 0912 10.08 68.28 0.21 110 0.57 129.74 123.9 152.5 46 136.15 91.69 53.1

VLS Finance 0903 39.92 -1.73 627.08 -64.21 9.75 47.08 0912 346.63 -5.52 2.06 -201.98 0.71 9.27 12.73 17.85 5.75 0 52.43 37.92

Wall Street Fin. 0903 11.6 12.26 39.19 30.46 1.85 13.16 0912 9.95 -3.68 -0.01 -100.86 0.7 17.15 49.5 76.15 42.25 70.71 57.57 2.53

Williamson Magor 0903 10.96 0 15.26 25.29 -3.57 117.07 0912 2.99 -21.11 -1.84 12.2 0 6.06 56.45 85.7 15.6 0 61.87 61.87

FMCG

aDF Foods 0903 18.05 11.65 93.16 9.54 9.8 47.89 0912 22.85 -11.71 3.07 18.53 8.66 8.85 94.2 101.5 20 12.05 188.4 43.49

agro Dutch inds. 0903 33.57 -21.1 138.4 -31.92 -34.38 44.05 0912 22.43 -28.88 -3.77 -1895.24 0 0.43 19 20.37 7.51 0 101.78 32.51

amar remedies 0906 26.16 19.22 369.16 23.79 26.68 57.57 0912 114.35 31.21 7.31 31.95 11.02 35.04 61.3 71.8 14.45 5.56 160.36 42.35

Britannia inds 0903 23.89 22.83 3112.38 20.3 180.4 345.14 0912 881.39 7.71 29.1 -36.94 73.73 16.67 1585.85 1890 1280 19.52 3788.6 50.96

colgate-Palm. 0903 13.6 153.35 1698.27 15.15 290.22 15.9 0912 490.61 17.03 116.39 49.72 28.39 12.61 715.65 743.7 426 24.95 9732.84 51

Dabur india 0903 86.51 58.99 2396.16 15.01 373.55 8.53 0912 764.3 13.46 113.07 7.97 4.68 17.22 163.85 180.3 91.9 35.09 14186.13 69.12

DFM Foods 0903 9.97 14.78 76.51 57.2 2 13.99 0912 21.9 42.67 1.39 -17.26 3.58 1.39 52.05 61.05 28.1 14.14 51.89 69.23

emami 0903 12.43 29.8 722.35 26.11 87.52 48.02 0912 339.3 30.14 75.71 104.73 14.24 27.29 610.05 635.3 182.5 43.67 4615.03 75.67

Fem care Pharma 0903 3.53 38.38 107.48 14.65 11.94 115.67 0912 33.44 25.67 6.99 -301.44 47.85 22.2 786.55 855.55 540 16.6 277.65 92.15

Gillette india 0906 32.59 24.69 661.9 12.07 113.13 150.63 0912 201.68 23.83 37.47 41.29 43.73 12.95 1430.2 1454 610 32.74 4661.02 88.73

GlaxoSmith c H L 0812 42.06 26.77 1542.96 21.11 188.34 180.9 0912 418.12 26.11 33.68 3.38 55.35 14.16 1525.1 1554 600.5 27.56 6414.57 43.16

Godrej consumer 0903 25.7 47 1090.77 22.88 161.55 20.89 0912 315.95 16.23 56.17 44.32 8.57 17.28 268.75 304 112 34.37 8282.88 73.51

Hatsun agroProd. 0903 6.79 24.29 1013.05 17.36 11.97 15.37 0912 306.73 17.22 -4.5 -325 2.87 22.86 96.05 113 45.15 124.74 326.57 73.09

Henkel india 0812 116.46 2.43 466.38 19.09 3.72 13.31 0909 133.49 7.6 2.39 70.71 0.85 45.67 35.3 55.4 11.25 41.53 411.1 67.63

Heritage Foods 0903 11.53 0 792.56 34.78 -35.61 70.05 0912 221.72 12.25 3.27 1943.75 5.89 27.58 203.3 255.9 50.65 0 234.4 45.7

Himalya intl. 0903 28.87 20.79 58.71 27.99 13.51 24.25 0912 22.38 36.88 5.63 39.01 5.63 29.37 35.2 47.05 11.1 7.51 131.75 19.97

Hind. Unilever 0903 217.99 114.14 20192.36 48.03 2496.45 9.45 0912 4504.26 4.56 649.11 5.42 9.24 14.84 228.55 306 215 23.2 50550.69 52.02

J L Morison(i) 0903 1.37 0.31 114.03 -34.6 0.8 517.23 0912 19.87 53.08 0.12 1100 11.93 19.26 427.8 475 111.2 38.06 58.61 66.25

Jyothy Lab. 0903 7.26 15.69 373.04 -5.25 40.11 48.53 0912 134.91 13.63 16.84 24.93 10.25 2.04 172.65 204.6 54.3 16.83 1253.44 70.13

kohinoor Foods 0903 28.19 21.76 635.76 0.11 -10.8 68.69 0912 217.29 47.66 5.12 -243.82 9.95 3.62 56.9 69.9 41 10.82 160.4 36.59

krBL 0903 24.35 12.16 1245.46 24.98 46.34 164.81 0912 302.52 -12.6 27.29 7697.14 3.64 21.24 25.2 32.15 4.66 7.28 612.61 56.74

kwality Dairy 0903 18.2 32.99 582.8 75.06 9.38 17.62 0912 289.6 73.61 4.26 137.99 0.86 54.35 144.2 228.3 8.66 167.67 2624.44 83.7

L t Foods 0903 22.27 23.47 694.05 21.06 10.7 68.58 0912 138.16 -17.56 7.26 -293.6 11.96 13.93 60.5 84.6 27.8 6.05 158.03 56.73

Lakshmi energy 0909 12.64 17.83 691.44 -55.11 91.56 88.2 0912 202.72 16.07 23.74 35.35 16.33 25.16 123.45 175 61.55 7.81 780.2 44.97

Lotte india 0903 3.77 0 170.96 10.93 -2.14 106.37 0906 42.17 7.88 0.74 -248 1.96 13.29 538.45 541.7 420 0 203 93.09

Lotus chocolate 0903 12.84 6.33 23.04 11.95 1.67 -1.53 0912 7.46 30.19 0.96 1820 1.2 54.12 42.45 57.35 16.7 35.67 54.51 66.66

Marico 0903 60.9 54.32 1917.46 22.23 142.1 6.04 0912 505.39 0.55 61.29 18.5 2.98 17.74 108.85 113 57 28.95 6632.23 63.48

Mavens Biotech 0903 10.99 4.07 21.58 3.9 0.59 1.33 0912 15.11 347.04 1.26 1700 0.28 5.09 53.65 174.95 50.4 191.61 589.61 32.04

Milkfood 0903 4.89 -11.64 233.64 -27.28 3.18 81.94 0912 101.61 47.41 0.58 -92.72 1.19 4.25 219.8 347.95 178 0 107.48 50.19

Modern Dairies 0903 23.36 -72.16 457.43 13.49 -26 16.84 0912 128.86 17.1 -2.14 -69.38 0 31.58 42.6 85.2 13.3 0 99.34 45.69

Mount everest 0903 34 0 21.99 -3.64 -27.97 20.91 0912 5.06 -15.53 -3 -59.4 0 28.04 67.1 99.5 45 0 228.14 50.24

nestle india 0812 96.42 119.78 4327.67 23.62 534.08 49.09 0912 1351.79 24.01 112.92 -6.75 67.94 15.12 2655.25 3025 1492 39.09 25601.92 61.85

nirma 0903 79.57 6.15 3031.73 29.96 93.43 163.44 0912 757.99 2.48 68.65 -980.13 17.08 11.74 176.4 230.4 89.1 9.6 2807.23 77.17

P & G Hygiene 0906 32.46 45.47 774.22 19.85 178.85 135.56 0912 274.59 21.71 74.52 58.22 64.31 6.05 1864.85 1966 735 29.02 6053.3 70.64

ravalgaon Sugar 0903 0.34 27.04 91.63 37.07 6.93 4233.82 0912 12.5 -53.67 -0.06 -103.45 1254.92 9.35 7795 11187 3926 6.26 53.01 52.88

rei agro 0903 28.9 11.12 2446.25 41.23 60.93 19.45 0912 651.16 14.22 34.28 1580.39 4.47 32.35 47.35 103.8 38 10.96 1510.94 37.91

SkM egg Prod. 0903 26.33 13.76 122.22 14.56 6.44 21.72 0912 29.78 -21.07 0.41 -92.36 0.16 19.02 19.5 32.05 13.15 0 51.34 62.4

t n Petro Prod. 0903 89.97 1.1 938.55 20.84 6.54 39 0912 253.68 21.44 -0.32 -68.32 1.97 7.24 17.4 23 7.82 9.02 156.57 34.54

temptation Foods 0903 25.14 23.73 870.07 165.22 52.7 92.98 0912 328.04 41.88 17.7 46.28 23.99 135.78 33.05 48.65 18.85 1.23 83.09 18.74

Usher agro 0906 21.26 25.2 208.95 47.94 14.84 30.8 0912 85.48 76.47 6.75 59.2 8.88 53.64 55.3 55.85 26.1 6.22 117.57 36.56

Vadilal inds. 0903 7.19 2.79 146.02 11.75 1.08 47.37 0912 31.01 16.27 -1.54 -24.14 13.78 5.82 78.95 99.9 25.8 6.79 56.77 61.17

Vikas Granaries 0903 18.12 30.2 35.66 115.21 6.7 21.13 0912 30.25 297.5 6.64 921.54 12.36 18.1 32.7 43.8 6.53 2.64 59.25 8.87

Vikas Wsp 0903 13.6 18.98 365.11 19.59 121.58 51.41 0912 124.22 43.82 36.55 71.27 9.86 34.95 30.25 38.15 8.6 3.09 415.64 14.8

Zydus Wellness 0903 39.07 50.93 194.74 245.71 23.8 17.66 0912 75.09 -36 14.32 6 8.91 60.99 379.85 386.8 55.2 39.82 1484.07 72.51

Gas Distribution

Deep industries 0903 20 9.77 33.5 67.33 7.62 38.89 0912 15.07 88.37 3.92 91.22 5.76 25.64 109.35 143.3 32 18.98 218.7 46.93

GaiL (india) 0903 1268.48 20.19 23784.71 32.05 2803.7 116.44 0912 6187.84 6.47 859.95 239.42 22.54 14.77 413.15 449.4 215.1 18.33 52407.25 57.34

Guj Gas company 0812 12.83 25.59 1296.47 8.55 158.81 106.59 0912 377.94 17.94 46.31 46.6 13.56 20.22 274.45 286.8 122.93 20.11 3519.82 65.12

indraprastha Gas 0903 140 27.38 860.4 20.65 172.47 48.82 0912 284.61 29.69 58.93 53.86 14.6 15.08 221.2 247.75 99.65 15.16 3096.8 45

Glass & Glass Products

asahi india Glas 0903 15.99 -16.36 1223.06 22.96 -40.6 12.63 0912 316.88 14.64 1.74 -108.15 0.29 20.08 61.6 79.25 34.05 0 984.98 55.19

Borosil Glass 0903 3.96 -24.3 67.27 -4.78 -9.41 97.1 0912 20.43 17.08 1.8 -255.17 4.55 1.66 421 547.75 174 0 166.72 54.99

empire inds. 0903 6 54.71 130.93 12.93 17.23 60.97 0912 40.08 32.67 6.93 111.93 36.88 11.17 417.25 476 132.05 11.31 250.35 57.38

Guj. Borosil 0903 34.1 8.81 93.07 13.13 6.81 11.69 0912 20.87 -18.64 -0.5 -117.86 0.24 6.6 13.92 19.17 6.51 87 94.93 74.95

Haldyn Glas.Guj. 0903 5.38 21.65 102.96 54.55 6.84 64.05 0912 34.77 64.63 3.15 392.19 1.64 19.77 13.52 14.88 3.07 6.41 72.74 54.07

Hind.natl.Glass 0903 17.47 13.62 1312.84 28.51 107.75 475.91 0912 351.06 0.35 33.06 6.54 18.07 28.37 248.45 275 80 13.76 2170.21 74.16

Page 33: magazine April 2010

April 2010 [32]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net Sales

Growth

Reporte

d Net

Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth

%

TTM

eps

CAGR

Sales

% CMP

52

Week H

52

Week

L

Latest

P/E

Market

Cap

Promoter

Holding

Piramal Glass 0903 17.98 -22.98 588.89 24.57 -54.35 116.44 0912 167.99 5.38 10.87 -154.98 3.06 18.08 79 93.9 13.26 0 635.4 76.79

Saint-Gob. Sekur 0903 91.11 1.58 97.28 45.17 0.32 5.56 0912 21.59 33.68 1.83 -307.95 0.49 10.98 22 27.7 9 44.9 200.44 85.77

Sejal architec. 0903 28 2.08 48.46 -11.44 2.12 53.93 0912 9.99 -10.24 0.22 -81.67 0.34 19.72 71.5 76.2 20.5 96.62 205.92 53.28

Healthcare

apollo Hospitals 0903 60.24 9.05 1457.98 29.55 118.07 226.29 0912 480.87 28.92 43.91 48.7 24.73 23.88 739.95 757.8 365 30.09 4571.41 33.51

Fortis Health. 0903 226.67 0 176.83 10.68 -7.15 34.77 0912 49.44 12.39 12.4 -842.51 0.6 29.6 177.55 187.5 65.96 455.26 5634.37 76.47

Fortis Malar 0903 18.61 0 33.3 256.53 -1.75 9.1 0912 17.28 112.02 1.12 433.33 1.56 13 37 41.85 12.75 22.29 68.78 63.2

indrapr.Medical 0903 91.67 20.26 391.18 24.3 23.89 13.29 0912 105.08 5.27 7.22 -3.35 3.2 18.71 47.1 53.5 27.5 14.72 431.77 50.98

kovai Medical 0903 10.94 25.97 110.36 26.07 7.14 27.66 0912 33.5 18.58 2.85 39.71 10.24 22.89 128.5 142 49.1 12.54 140.58 45.7

Lotus eye care 0903 20.8 3.28 11.68 8.75 1.16 25.47 0912 3.44 16.61 -0.14 -145.16 0.4 52.42 25 47.3 23.5 125 52 50.69

Poly Medicure 0903 5.51 13.37 112.05 27.01 5.93 84.19 0912 33.97 22.37 4.47 587.69 23.17 18.44 220.6 250 33.15 9.53 121.55 48.48

Siemens Health 0909 1.57 11.28 167.47 64.53 5.31 311.02 0912 38.8 7.39 2.29 536.11 74.48 21.98 1408 1429.8 380 26.86 221.06 68.73

transgene Biotek 0903 15.77 0.33 3.7 -1.07 0.38 73.3 0912 1.37 53.93 0.27 200 0.28 33.58 75.9 88.65 13 281.11 119.69 38.17

Hotels & Restaurants

advani Hotels. 0903 9.24 6.74 30.57 -29.17 0.05 6.29 0912 8.59 -3.91 0.86 -61.43 0.94 4.69 43.7 71.65 24 59.86 201.89 49.74

asian Hotels 0909 22.8 9.51 641.9 24.92 94.19 287.6 0912 124.58 0.31 16.18 -29.87 19.13 25.77 560.4 590 194 29.1 1277.71 63.57

Bhagwati Banq. 0803 29.29 13.51 59.11 66.32 10.04 40.36 0912 29.63 53.36 4.78 19.2 3.05 54.34 72.9 96.5 20.5 23.82 213.52 41.5

cHL 0903 10.96 22.76 82.09 -5.74 13.28 64.14 0912 21.85 -10.01 5.2 20.09 9.4 20.67 105.4 123 63.05 11.22 115.52 71.35

country club (i) 0903 15.48 1.6 292.93 -6.78 9.72 77.99 0912 56.13 1.45 7.11 3642.11 2.19 65.74 16.75 32.4 9.04 19.03 129.65 44.69

eiH 0903 78.59 15.2 888.67 -18.01 170.44 30.01 0912 222.04 -4.19 22.33 -32.88 1.05 14.83 120.9 154 85.05 47.79 4750.77 46.42

eiH assoc.Hotels 0903 19.59 9.79 158.14 -10.65 9.9 53.25 0912 48.06 -11.39 6.67 -10.11 3.41 34.95 125.25 155 41.5 67.7 245.36 75

Graviss Hospital 0903 17.29 3.99 69.75 8.88 10.74 32.12 0912 18.54 -15.15 4.95 8.55 0.65 36.67 28.7 61.25 25.15 20.65 248.11 59.71

Hotel Leela Ven. 0903 75.56 20.42 470.05 -12.37 144.98 18.59 0912 126.46 5.65 28.86 40.78 2.59 19.19 47.95 52.4 17.45 39.63 1811.55 52.67

indian Hotels 0903 72.34 9.2 1619.57 -8.21 234.03 42.13 0912 422.31 -1.85 64.88 -22.62 1.81 19.37 103.35 109.5 35.45 82.02 7477.37 29.47

kamat Hotels 0903 13.79 2.9 120.04 -18.68 5.66 118.75 0912 27.82 -1.73 6.09 -500.66 10.48 19.92 80.7 83 24 0 106.52 73.02

Mac charles(i) 0903 6.55 12.88 63.07 -14.68 19.7 276.08 0912 12.56 -20.71 3 -57.39 13.6 9.69 207.75 233.6 126.2 15.28 136.08 74.63

oriental Hotels 0903 17.86 13.84 212.55 -0.15 37.32 156.13 0912 52.84 -8.69 8.26 -24.77 10.33 13.78 266.2 296.9 141.4 25.77 475.43 56.1

Panoramic Univ. 0903 6.48 22.46 39.8 21.68 19.04 57.69 0912 13.55 17.83 6.08 26.4 13.93 26.13 272.45 349.9 200 17.55 353.1 74.4

royal orch.Hotel 0903 27.23 10.52 94.32 9.65 19.29 70 0912 20.17 -16.31 2.1 -55.41 3.03 32.6 78.45 88.4 39.55 25.89 213.62 69.45

Sayaji Hotels 0903 12.85 9.3 82.19 19.83 5.18 42.23 0912 23.59 5.5 0.66 -60.71 0.59 29.32 88.9 95.15 25.25 0 114.24 51.94

Sinclairs Hotels 0903 4.66 8.08 13.29 18.55 3.38 103.71 0912 4.05 -0.49 1.17 -14.6 5.46 8.67 179 192 155.3 34.96 108.65 51.62

Ster. Holid. res 0903 32.4 0 31.02 -15.82 -21.82 -7.74 0912 7.41 0.54 -1.01 -62.17 0.13 12.32 85 92 25.35 0 356.4 9.39

Suave Hotels 0903 11.3 4 13.66 -25.64 0.91 26.78 0912 5.23 92.99 0.53 562.5 0.74 29.37 46.85 57 10.01 75.56 58.8 27.4

tajGVk Hotels 0903 12.54 20.94 237.48 -7.76 52.77 43.23 0912 64.22 6.01 12.2 -9.76 5.11 22.06 152.8 168.6 35.6 29.84 958.06 74.99

U P Hotels 0903 5.4 20.62 56.3 -7.49 8.9 86.72 0912 20.52 6.38 6.07 18.79 17.87 14.59 209.35 249 114.05 12.42 113.05 88.39

Viceroy Hotels 0903 42.41 1.46 67.33 -11.33 3.48 56.66 0912 16.36 -7.73 1.55 118.31 0.67 19.04 42.8 56.95 15.6 225.26 181.51 32.08

Infrastructure Developers & Operators

Brahm.infraproj. 0903 7.01 32.15 30.62 14.64 2.08 13.51 0912 58.64 688.17 4.1 1364.29 14.05 193.75 80.85 91.9 22.84 4.74 56.68 72.05

Gammon infra. 0903 144.41 2.75 37.16 39.18 13.62 36.06 0912 32.47 383.9 2.42 -32.96 0.16 119.46 25 31.45 9.41 178.57 1811.13 75.98

GMr infra. 0903 364.13 1.73 159.2 54.91 97.67 31.32 0912 51.78 39.19 1.84 -91.74 0.08 4.91 58.55 91.75 40.03 0 21472.63 74.62

Mundra Port 0903 400.68 16.58 1135.12 38.73 461.09 73.44 0912 309.89 15.99 163.26 61.95 16.46 60.78 728.25 736 302.5 44.22 29179.52 81.04

noida tollbridg. 0903 186.2 8.88 79.21 19.31 33.69 20.97 0912 21.46 9.38 8.59 2.87 1.66 26.41 34.65 48.4 22.05 20.75 645.15 26.37

Phoenix Mills 0903 28.97 3.62 90.15 -55.72 78.22 102.79 0912 30.18 31.39 10.19 -30.92 3.94 63.87 193.75 226.7 53 49.18 2806.47 65.92

IT

cMc 0903 15.15 30.78 820.45 -16.04 105.57 252.48 0912 165.24 -7.8 32.23 37.97 81.61 1.89 1274.45 1434.4 270.65 15.62 1930.79 51.12

HcL infosystems 0906 34.24 24.39 12210.73 0.02 260.44 66.14 0912 3007.8 -2.53 57.5 -0.86 14.5 53.85 128.3 188.8 74.1 10.84 2798.86 50.26

Moser Baer (i) 0903 168.31 -13.27 2181.06 14.92 -150.87 100.02 0912 539.75 -15.57 3.23 -112.59 2.9 7.76 74.5 114.55 43.15 0 1253.83 16.29

Mro-tek 0903 9.49 2.42 124.82 -7 3.37 49.51 0912 19.55 -37.12 -1.25 -1.57 1.26 5.04 30.7 45.3 18.55 0 57.35 38.69

redington india 0903 77.87 13.63 6066.16 5.11 80.69 78.9 0912 1545.53 13.55 24.01 28.67 11.97 25.31 342.3 362.5 98 28.76 2690.14 43.15

Smartlink netwr. 0903 6 3.93 156.72 -46.22 6.93 48.56 0912 37.2 8.58 4.12 -2388.89 5.91 -6.34 44.85 78.4 32.2 7.59 134.55 62.37

Spel Semiconduct 0903 46.13 10.39 81 11.25 6.24 13.08 0912 22.1 14.45 2.47 2987.5 1.43 25.58 14.75 21.45 8.01 9.22 68.03 55.97

3i infotech 0903 130.75 26.18 527.24 17.88 184.57 49.46 0912 129.25 18.43 23.14 -14.36 6.66 22.31 80 103 30 9.83 1350.08 23.61

accel Frontline 0903 22.51 4.35 277.77 1.8 4.39 45.34 0912 65.47 -5.69 1.19 41.67 2.17 14.41 50 76 40.15 69.44 112.55 71.72

accentia tech. 0903 13.04 20.19 80.14 57.35 21.42 87.92 0912 20.56 0.19 4.03 -36.13 14.3 337.5 294.35 298.6 72.25 22.8 430.63 17.93

aftek 0903 18.71 17.73 220.35 -43.87 -12.77 67.97 0912 41.74 1.19 0.23 -100.2 1.13 9.66 16.15 24.7 6.7 14.42 151.08 14.98

allied Digital 0903 18.11 31.85 391.64 31.85 79.54 175.83 0912 122.35 28.37 26.75 43.66 25 58.44 219.6 279.75 73.1 8.46 804.18 43.49

aurionpro Sol. 0903 14.8 10.12 56.79 -5.38 17.01 138.58 0912 14.64 26.42 2.03 -23.11 2.59 65.67 314.25 321.95 57 104.75 465.09 30.28

avance tech. 0903 4.81 1.13 76.82 -15.58 0.27 50.29 0912 16.2 2.21 0.12 140 0.03 110.47 5.02 6.42 0.08 167.33 120.68 11.99

axis it&t 0903 10 3.04 11.44 58.89 0.86 8.83 0912 5.74 53.48 0.7 -23.08 0.56 31.68 60.95 99.6 10.81 290.24 121.66 60.83

Bartronics india 0903 28.98 17.51 375.89 105.07 48.11 105.95 0912 145.53 57.65 9.91 -46.4 15.39 97.28 150.95 193.7 69.55 10.32 470.36 26.89

Blue Star info. 0903 10 20.42 127.33 16.04 13.13 66.61 0912 27.19 -15.79 4.71 111.21 14.37 9.51 120.4 155.8 44 8.99 129.07 55.37

california Soft. 0903 12.36 -7.13 72.61 3.77 -8.05 79.76 0912 18.74 -4.19 2.87 -378.64 2.32 32.32 43 53.85 13.2 0 53.15 66.04

cambridge Sol. 0812 111.37 9.67 213.56 19.82 11.68 22.43 0912 61.41 -16.07 4.44 -165.68 1.86 35.68 68.65 106.3 50.1 32.23 764.76 76.04

cat tech. 0903 31.58 6.94 9.36 55.48 2.3 10.79 0912 2.16 -25 0.07 -94.62 0.09 27.67 10.11 18.05 2.65 72.21 80.31 5.75

concur.(i)infra. 0903 13.4 0 45.99 -10.54 0 10.88 0912 5.33 -54.52 0.08 700 0.04 41.18 20.3 22.55 2.37 0 87.41 43.31

core Projects 0903 17.25 19.8 346.63 73.34 80.88 52.84 0912 121.69 35.27 30.95 87.46 11.84 137.68 261.7 271.7 51.9 23.88 2579.05 44

cranes Software 0903 23.55 20.74 358.14 28.39 115.46 53.71 0912 20.56 -78.88 -20.03 -163.61 2.84 29.37 17.2 64.9 16.75 15.09 202.53 26.15

Datamatics Glob. 0903 29.46 7.72 159.17 136.02 27.79 48.44 0912 31.73 -20.14 5.52 -12.8 4.06 23.46 33.55 48.9 13.85 7.61 197.74 68.3

eclerx Services 0903 18.93 40.79 197.09 68.48 60.64 87.24 0912 69.05 33.92 21.16 30.46 33.45 55.63 519.2 553 114 15.59 988.04 59.99

edserv Softsys. 0903 12.01 17.57 8.45 114.47 3.69 29 0912 15.52 934.67 5.64 1005.88 12.19 55.82 246.45 307.5 18.7 22 295.99 29.94

FcS Software 0903 14.43 18.98 91.34 -6.43 25.88 102.82 0912 26.35 14.12 5.85 2.63 0.49 6.38 5.98 8.88 1.03 18.69 316.7 31.34

Financial tech. 0903 9.18 12.21 334.32 143.04 368.6 381.2 0912 99.8 59.94 61.75 42.97 82.57 67.53 1634.65 1721.95 498 20.23 7535.74 45.53

Firstobj.tech. 0903 19.15 6.74 17.35 80.35 1.65 1.19 0912 6.29 40.09 0.56 33.33 3.7 222.16 29.8 37.2 4.7 27.85 57.31 13.67

Firstsour.Solu. 0903 428.19 1.92 553.49 12.06 15.11 22.04 0912 166.44 17.92 10.19 -1184.04 2.28 39.36 29.2 40 12.61 12.81 1253.29 21.41

Four Soft 0903 19.35 1.98 30.08 -19.01 1.97 26.02 0912 8.41 -11.19 0.49 -275 0.47 16.56 23.1 35.8 12.26 64.17 90 32.14

Genesys intl. 0903 14.92 57.2 83.18 76.38 31.19 47.75 0912 14.96 -34.56 7.98 -7.96 21.42 31.11 306.15 335 49 14.64 456.78 58.85

Geodesic 0903 18.44 36.28 493.79 93.29 191.41 66.6 0912 118.15 -16.09 46.26 -25.83 18.27 95.1 120.25 158.65 56.55 7.64 1109.31 22.71

Geometric 0903 12.42 25.08 230.38 33.65 43.01 30.2 0912 52.81 -13.1 5.4 -1000 4.79 29.33 67.25 79.5 14.15 353.95 417.62 37.15

Glodyne techno. 0903 11.11 67.11 460.58 68.74 73.75 130.04 0912 177.4 50.06 27.52 47.72 44.86 55.22 701.75 744 115 15.78 1579.64 63.02

Goldstone tech. 0903 18.78 1.68 23.01 -61.97 1.11 35.48 0912 6.02 -10.81 0.2 5.26 2.21 -16.67 31.95 47.75 12.26 11.29 60 18.82

GSS america 0906 12.74 12.73 52.82 34.06 34.31 179.24 0912 10.35 12.99 2.49 -51.46 12.51 174.32 311.25 366.4 111 24.57 396.53 55.91

HcL technologies 0906 134.05 29.76 4675.09 1.29 997.31 52.04 0912 1213.71 -6.98 255.44 -35.82 13.45 32.89 373.55 388 99 28 25255.71 68.31

Helios Matheson 0909 23.11 7.74 304.33 42.63 30.03 88.83 0912 49.92 2.46 4.52 8.13 7.81 45.91 48.2 60.9 19.25 6.19 111.39 38.32

Hexaware tech. 0812 28.73 5.84 498.17 6.26 36.76 40.27 0912 117.12 -14.25 28.73 346.12 8.64 26.34 71.5 102.8 25.3 8.29 1029.6 28.65

HoV Services 0903 12.51 -1.97 4.38 -29.7 -1.58 63.59 0912 1.14 20 0.39 -159.09 0.44 16.28 69.65 97.2 24.7 0 87.2 55.62

icSa (india) 0903 9.39 31.47 1100.42 64.07 152.86 127.17 0912 313.15 2.93 30.17 -33.28 29.08 183.3 134.25 229.9 65.1 4.64 635 20.61

iec education 0903 13.26 5.56 9.16 59.03 1.6 17.79 0912 1.83 27.08 0.58 205.26 1.69 -5.8 35.65 63.8 13 24.76 54.4 56.24

ikF technolog. 0903 26.82 5.16 48.32 68.13 4.04 2.85 0906 8.05 -46.97 1.24 -10.14 0.16 162.19 4.14 7 2.18 37.64 178.27 8.85

info-Drive Softw 0903 29.24 11.38 13.65 221.18 5.22 15.64 0912 5.19 -19.66 1.62 60.4 1.62 323.67 28.05 55.7 20.9 17.21 82.02 18.5

infosys tech. 0903 286 37.18 20264 29.5 5819 311.35 0912 5335 -1.73 1471 -7.95 103.68 33.6 2775.1 2792.15 1275 26.79

159163.0

8 16.06

infotech enterp. 0903 27.61 11.64 566.57 30.19 70.86 124.94 0912 140.01 -5.17 27.44 227.84 18.96 35.39 363 369.4 80 19.32 2014.65 23.38

intra infotech 0906 5.68 0.73 0.15 -51.61 0.04 1.01 0912 0.02 -33.33 0.01 0 0 -31.84 10.95 20.7 8 0 186.48 73.67

ioL netcom 0903 27.35 0 37.13 77.23 -14.04 30.64 0912 1.06 -91.76 -4.76 -571.29 0.32 80.84 21.3 58 20 0 58.3 4.01

it People 0803 10.66 0 24.31 -14.37 -7.13 10.2 0912 2.3 25.68 1.7 -105.01 0.28 137.75 5.25 15.5 4 0 81.43 24.44

kale consultants 0903 13.36 11.36 102.62 19.06 10.13 69.88 0912 33.58 33.63 4.95 234.46 12.49 17.22 94.75 108.1 23.5 7.61 127.44 34.19

kernex Microsys. 0903 12.5 2.16 20.61 1.43 2.8 104.26 0912 -2.13 -139.15 -5.3 -695.51 0.42 6.1 117.1 211 54.1 0 146.38 54.07

kLG Systel 0903 12.68 15.68 228.36 -14.84 33.3 189.33 0912 48.17 -15.52 5.29 -3.29 18.66 43.15 129.05 310.25 68.7 6.95 163.89 28.42

kPit infosys. 0903 15.61 28.09 644.18 39.03 62.77 21.99 0912 108.98 -35.75 21.58 48.11 11.35 38.92 123.5 142.15 24.7 10.95 969.47 30.76

LGS Global 0903 25.42 33.58 185.14 35.61 22.73 30.96 0912 60.95 72.08 3.03 175.45 3.32 129.94 93.75 114.5 19.05 28.24 238.31 64.82

Logix Microsys. 0903 12.05 1.44 25.43 20.81 2.32 132.31 0912 7.7 -13.58 2.41 -49.26 22.81 18.59 49.25 92.8 36.2 4.82 59.59 21.26

Mascon Global 0903 372.13 3.16 375.01 31.75 24.87 21.42 0912 93.85 0.52 -10.61 -136.22 0.11 22.07 4.03 7.06 3 0 149.97 6.31

Mastek 0906 13.45 29.81 588.17 0.84 95.65 130 0912 116.51 -25.05 15.94 -30.64 29.87 37.81 335.5 462 106.2 11.25 903.84 42.74

Megasoft 0812 44.27 4.02 123.83 -19.08 12.44 71.69 0909 25.99 15.15 2.27 -59.39 1.25 23.26 23.95 34.65 9 0 106 7.24

Micro techno. 0903 11 26.62 230.66 34.12 62.56 242.67 0912 78.08 31.83 15.89 3.05 53.3 61.89 183.1 215.5 64.1 3.44 201.04 32.49

Mindteck (india) 0903 24.35 2.97 54.43 67.43 3.56 54.85 0912 11.61 -18.92 0.54 -79.39 0.85 61.4 25.4 37.2 13.35 0 62.89 65.29

Mindtree 0903 38 5.64 1012.57 37.98 30.01 139.57 0912 309.55 11.99 50.47 1722.02 40.01 50.66 566.4 729.9 198 14.27 2235.01 32.71

MphasiS 0910 209.58 52.4 3405.02 134.58 836.87 96.61 1001 960.32 25.02 238.52 27.3 31.44 68.89 667.6 796 184.55 15.76 14000.24 60.63

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(%) Net Sales

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Reporte

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Book

Value

Year

Ended Net Sales

Net

Sales% PAT

PAT

Growth

%

TTM

eps

CAGR

Sales % CMP

52 Week

H

52

Week L

Latest

P/E

Market

Cap

Promot

er

Holding

net 4 india 0903 16.75 13.1 97.9 14.1 5.95 28.3 0912 29.18 45.68 2.16 14.89 3.26 24.84 88.95 101.45 28 30.05 164.11 64.67

niit tech. 0903 58.73 25.75 502.07 12.9 88.5 51.06 0912 129.31 0.8 29.14 142.43 15.01 28.93 170.85 203.9 49.2 11.39 1004.26 39.62

northgate tech. 0903 35.15 -93.12 13 -79.01 -253.07 41.45 0912 1.69 -43.29 -0.35 -83.57 0 9.39 18.75 59.85 18.2 0 65.64 31.27

nucleus Soft. 0903 32.37 10.29 209.43 6.34 26.15 63.36 0912 44.77 -13.6 4.41 -24.1 11.5 31.11 141.7 164.25 46.55 12.32 458.54 59.55

omnitech info 0903 13.14 31.03 171.43 30.31 33.1 92.24 0912 57.73 35.8 10.2 27.18 25.89 33.75 157.3 201.95 35.75 6.07 206.69 53.12

oracle Fin.Serv. 0903 41.88 22.01 2212.62 23.41 695.71 418.98 0912 555.54 -6.32 191.51 -3.46 96.63 26.45 2320.3 2524.95 654 24.03 19453.39 80.52

Patni computer 0812 25.62 15.32 1541.02 31.52 389.15 196.8 0912 462.93 6.73 207.2 201.78 42.3 23.47 524.1 532 110 12.48 6773.99 46.54

Polaris Soft. 0903 49.34 17.17 1171.34 24.87 111.19 70.33 0912 292.63 -7.77 43.18 60.64 13.07 15.15 173.55 204.4 44 11.55 1717.45 29.11

Prithvi info. 0903 18.08 10.72 1975.73 77.55 44.47 234.32 0912 350.67 -37.33 17.61 96.1 28.57 51.6 64.35 83.95 37.5 2.27 116.34 26.37

r Systems intl. 0812 13.36 13.82 203.85 31.03 23.65 135.36 0912 44.04 -21.51 7.04 -21.16 19.78 36.74 106.3 124 47 4.54 130.96 46.62

ramco Systems 0903 15.39 0 92.35 -4.36 -1.56 107.06 0912 27.79 14.88 2.22 -130 12.38 2.33 96.85 136.65 42.3 8.55 148.66 61.59

religare Global 0903 11.18 0 18.87 -14.07 -10.25 18.35 0912 5.43 53.39 -2.54 -70.4 2 47.42 38.2 52.9 13 0 85.42 71.21

religare techno 0903 40.4 0 4.33 -44.77 -8.09 1.71 0912 0.88 -48.84 -1.61 -16.58 0 -27.93 82.55 131.3 63.75 0 333.5 61.29

rolta india 0906 161.01 25.41 946.69 11.25 372.32 101.05 0912 284.97 26.78 82.13 36.72 26.4 26.5 183.1 210 52.3 8.5 2951.21 41.97

Sasken comm.tec. 0903 27.11 8.17 479.75 23.25 25.75 155.09 0912 100.29 -20.25 19.17 142.66 19.25 23.63 183.15 209.9 49.35 8.17 496.52 27.98

Satyam computer 0803 134.1 26.1 8137.28 30.65 1715.74 109.71 0809 2700.52 38.61 597.43 43.22 31.04 32.09 96.55 128.35 38 5.45 11353.31 42.68

Softpro Systems 0903 6 11.24 0.68 -54.97 1.88 39.5 0912 6.85 3929.41 1.39 -290.41 4.79 -28.35 272.4 346 47.35 61.08 188.77 46.99

Softsol india 0903 19.04 17.46 37.08 95.26 26.52 86.76 0912 8.56 -8.15 4.99 -33.82 11.06 42.37 54.8 73.45 21.85 5.23 106.64 60.75

Sonata Software 0903 10.52 25.23 243.58 22.51 53.36 21.28 0912 60.52 -2.26 16.37 19.23 5.44 28.44 58.2 64.6 15.75 10.68 612.26 45.41

Spanco Ltd 0903 20.65 6.16 667.14 17.98 19.61 158.55 0912 378.55 121.7 18.96 1077.64 15.45 61.23 82.75 91.85 19 4.73 232.28 37.73

Sterling intl 0706 18.68 14.55 20.53 42.37 4.5 1.78 0912 0.98 6.52 0.12 50 0.01 6.1 192.15 220 89 0 5214.95 42.02

Subex 0903 34.85 0 301.1 109.29 -178.21 129.6 0912 80.61 107.44 46.68 -236.57 34.57 27.92 63.6 101.5 21.45 4.33 361.12 10.46

take Solutions 0903 12 5.1 58.99 -32.53 12.76 19.91 0912 17.24 79.21 8.04 -1588.89 0.93 35.07 24.55 44.6 15.6 29.23 300.49 58.33

tanla Solutions 0903 10 11.99 172.38 33.6 73.28 64.5 0912 8.91 -78.67 -2.69 -115.82 0.49 97.61 46.8 87.5 25.3 212.73 468 36.26

tata elxsi 0903 31.14 42.96 418.52 4.23 58.11 48.67 0912 99.86 -6.01 16.39 35.23 19.13 22.22 314.5 331.5 76.2 16.45 980.3 44.55

tech Mahindra 0903 121.7 63.87 4357.8 20.89 986.6 154.55 0912 1149.9 4.31 165.79 -22.85 60.13 43.69 907 1158 258.2 15 11094.42 82.97

teledata info. 0903 39.33 10.2 725.12 -28.42 69.11 36.65 0912 101.57 -35.74 7.16 -27.09 0.82 64.64 5.06 13.92 4.83 0 99.5 16.23

tricom india 0903 11.68 22.6 46.77 11.33 14.29 12.9 0912 12.26 8.21 2.93 14.9 1.52 37.9 16.25 22.3 8.15 7.42 94.9 14.95

trigyn techno. 0903 25.01 1.51 21.05 51.88 10.33 29.27 0912 6.15 6.4 3.34 18.86 4.06 21.75 22.45 29.45 7.4 6.56 56.53 40.03

Usha Mart. edu. 0903 13.21 0.78 2.31 507.89 0.44 21.48 0912 1.09 289.29 0.13 -533.33 0.61 80.67 38.25 38.25 2.97 127.5 101.06 43.08

Vakrangee Soft. 0903 21.4 19.01 294.31 31.45 4.43 125.58 0912 103.86 57.55 5.89 46.15 5.6 54.96 97.4 98.9 22.5 6.6 208.44 19.1

Vishal info.tec. 0903 15.68 9.24 61.09 60.43 14.66 16.84 0912 19.59 49.54 7.02 116.67 0.86 34.5 8.86 45.27 8.8 9.13 214.23 27.82

Wipro 0903 293 24.71 21507.3 22.95 2973.8 85.42 0912 5892.9 9.19 1231.2 67.97 30.92 33.18 725.95 753 227.25 23.67 106576.72 79.61

Zen technologies 0903 8.55 32.95 63.07 150.38 18.57 76.77 0912 3.58 -72.57 -0.11 -102.33 38.7 38.51 189.6 324 85.9 5.2 168.55 50.14

Zenith infotech 0903 12.24 37.56 200.33 76.35 48.35 124.04 0912 72.77 39.75 -38.06 -401.58 31.67 61.42 275 402 165 8.04 348.7 63.49

Zensar tech. 0903 23.97 26.32 421.87 25.61 60.47 106.15 0912 122.91 10.83 24.84 243.57 40.09 27.19 300.25 353 75.05 7.5 720.3 53.09

Zylog Systems 0903 16.45 19.06 734.93 21.29 85.17 295.73 0912 201.65 3.16 24.76 15.22 59.08 50.09 443.15 467 75.3 9.43 728.98 35.42

Leather

Bata india 0812 64.26 26.13 989.47 14.1 60.74 39.44 0912 288.09 12.87 25.4 20.32 10.47 7.98 238.5 255.8 88.1 22.8 1532.6 51.02

Bhartiya intl. 0903 7.86 3.66 140.19 9.08 2.72 129.71 0912 50.83 23.16 1.75 103.49 7.21 14.72 71.9 97.5 17.2 11.85 56.51 41.11

crew B.o.S.Prod. 0903 12.82 8.32 321.29 61.32 11.35 91.06 0912 100.58 48.48 5.21 623.61 11.52 42.28 82.15 86.9 16.1 7.13 105.32 54.13

Liberty Shoes 0903 17.04 6.34 241.37 -2.79 7.52 71.79 0912 66.64 -4.88 2.61 3.98 5.49 6.38 104.9 118.7 36 19.14 178.75 66.12

Mirza internatio 0903 18.54 4.37 332.43 14.29 5.36 12.76 0912 91.02 7.65 5.65 37.14 2.21 13.75 15.15 22.65 6.62 6.86 140.44 65.81

relaxo Footwear 0903 6 21.12 407.46 33.3 14.23 61.63 0912 134.6 41.85 7.66 894.81 29.14 15.21 201.4 221 25.55 6.94 241.68 75

Logistics

agarwal indl. 0903 4.91 17.65 14.31 53.87 1.26 15.82 0912 6.03 402.5 0.29 480 3.63 28.34 149 237.7 47.25 48.69 60.94 66.5

allcargo Global 0812 22.36 21.86 516.79 43.53 92.66 208.36 0912 138.73 -1.97 23.25 -12.63 9.09 28.72 186.35 218 137.64 23.59 2326.58 73.02

arshiya intl. 0903 11.75 3.91 256.39 26.98 18.49 82.91 0912 72.14 32.15 4.34 44.67 2.38 218.68 177 231.3 47 79.37 1039.88 42.65

Blue Dart exp. 0812 23.76 21.81 974.46 20.49 77.35 164.93 0912 253.45 11.49 21.12 70.19 25.59 22.39 714.1 760 370 27.92 1694.56 81.03

chart.Logistics 0903 5.04 14.14 135.7 28.18 1.59 23.91 0912 29.78 -4.49 0.61 103.33 5.04 33.4 105.5 144.5 24.75 21.49 53.91 60.75

container corpn 0903 129.98 22.78 3417.16 2.09 791.2 289.45 0912 884.45 4.58 200.62 -2.75 61.05 14.13 1274.95 1485 640 20.88 16571.8 63.09

Gateway Distr. 0903 107.71 14.63 203.56 23.35 93.76 58.82 0912 42.49 -29.01 20.21 -29.56 6.79 28.04 129.7 147.7 48.55 18.96 1399.46 44.66

Gati 0906 16.98 0 618.08 11.96 -15.06 31.9 0912 180.03 14.64 3.84 2642.86 0.72 15.09 57.1 73 40 67.18 486.21 49.04

Sical Logistics 0903 39.54 5.14 472.47 -15.78 5.46 49.6 0912 149.88 40.27 18.08 -213.5 22.49 -15.32 84.8 110.25 19.15 15.7 335.13 43.23

transport corp. 0903 14.5 10.9 1297.95 8.3 28.34 37.43 0912 381.23 18.83 11.81 107.92 5.74 15.5 103.85 137.2 32.5 16.35 752.91 67.94

Media - Print/Television/Radio

archies 0903 6.76 2.87 138.55 17.73 -1.09 117.87 0912 47.18 14.29 3.92 1.82 11.2 15.7 91.25 124.55 37.2 14.08 61.69 62.35

Blue Bird (i) 0903 35 7.47 502.22 9.49 14.7 58.35 0912 58.6 -42.16 -17.93 874.46 3.43 25.26 23.2 37.7 14.25 0 81.2 52.61

infomedia 18 0903 19.89 0 123.94 -14.35 -84.65 -11.41 0912 23.04 -37.63 -12.88 -57.88 0 -0.31 29.15 88.15 24 0 144.9 43.32

karma ispat 0903 33 1.09 276.7 132.31 0.75 16.07 0912 136.44 70.17 0.42 7.69 0.58 221.15 46.8 54.55 13.8 82.11 154.44 14.66

Micro inks 0812 24.87 14.63 1337.8 16.61 90.29 185.99 0909 376.33 3.82 36.21 34.21 43.26 17.09 627.15 754 115.6 14.5 1559.72 75

MPS 0812 16.82 11.53 164.49 9.46 18.16 61.43 0912 38.73 21.3 4.1 28.12 5.2 9.8 63.4 91.95 44.1 14.95 106.64 61.46

navneet Publicat 0903 19.06 23.98 504.9 26.09 58.94 27.38 0912 67.9 0.19 4.75 48.9 2.92 14.83 46.7 54.85 17.02 15.99 1112.39 61.81

repro india 0903 10.48 16.05 233.03 63.5 16.52 104.55 0912 51.04 -22.35 6.12 81.6 14.32 23.47 108.2 132.9 48 6.98 113.61 68.78

Sandesh 0903 8.65 13.09 323.47 -3.09 27.81 259.84 0912 44.05 4.53 10.54 46.8 46.13 14.15 216.75 244.9 126 5.23 187.49 66.49

Sundaram Multi. 0903 7.19 6.23 132.5 16.84 5.62 12.88 0912 23.36 16.16 0.2 -108.4 1.14 22.78 50.95 54.25 4.16 45.09 366.33 59.85

Mining & Mineral products

ashapura Minech. 0903 15.8 0 685.17 -53.99 -255.48 29.84 0912 123.19 -40.32 -19.45 -75.03 0.3 21.46 66.6 90.45 21.15 0 526.14 43.19

Balasore alloys 0903 33.66 3.7 632.08 21.59 0.94 35.91 0912 114.17 -14.13 2.49 -112.15 1.44 51 23.25 30.95 12.17 0 149.5 46.56

Facor alloys 0903 19.55 25.16 256.22 13.57 38.15 5.06 0912 66.95 84.44 5.39 5.07 0.72 19.03 6.49 7.35 2.3 15.45 127.27 46.52

Ferro alloys cor 0903 18.53 21.6 310.23 -0.75 28.6 7.77 0912 97.86 112.09 5.92 -207.83 0.68 27.92 21.92 23.4 6.01 182.67 407.27 74.83

G M D c 0903 63.6 20.3 977.27 -0.29 231.42 38.32 0912 269.7 4.74 71.2 -4.7 8.18 29.06 149.05 187.7 36.35 18.22 4739.79 74

Greenearth reso. 0903 29.03 14.91 441.49 92.23 45.25 145.5 0912 55.95 -23.75 0.25 -95.05 0.84 85.24 8.23 57.4 5.9 9.8 238.92 27.36

Guj nre coke 0903 471.92 9.21 1521.95 74.51 107.24 24.24 0912 312.47 -28.06 26.68 101.21 1.06 61.08 80.4 97.9 18.5 80.4 3993.79 44.71

Himadri chemical 0903 31.85 12.91 378.35 4.71 46.78 112.4 0912 145.34 68.14 29.12 26.44 24.91 26.44 410.2 457.95 79.2 17.5 1582.14 53.35

impex Ferro tech 0903 25 7.71 373.46 44.23 5.24 24.63 0912 164.04 455.69 2.05 -129.84 1.3 42.04 11.36 15.16 4.82 7.68 56.8 60.91

indian Metals 0903 21.33 76.55 1002.74 38.93 260.64 214.88 0912 202.53 57.39 32.33 195.79 14.58 37.65 695 735 151.1 102.81 1829.24 60.73

indsil Hydro 0906 9.45 6.07 65.26 -25.86 2.83 50.28 0912 24.44 117.05 4.52 721.82 8.91 4.56 65.45 75.9 16.8 7.76 61.85 50.39

Mah. elektrosm. 0903 24 36.87 324.3 1.65 40.89 52.68 0912 84.13 63.14 3.55 83.94 16.55 20.94 545.75 798.85 191.9 38.19 1309.8 99.12

Maithan alloys 0903 9.71 0.02 644.58 70.33 0.14 91.32 0912 134.34 6.98 9.01 -118.86 19.95 47.23 167.05 182.2 57 14 162.21 74.62

nMDc 0903 396.47 43.88 7564.03 32.44 4372.38 29.35 0912 1587.58 -32.08 859.99 -39.65 8.64 39.08 358.8 571.8 150.65 41.53 142253.44 98.38

resurgere Mines 0903 28.54 7.36 433.98 7.69 21.61 125.68 0912 146.23 125.39 7.63 180.51 6.17 33.65 88.7 139.45 43.5 0 253.15 56.17

rohit Ferro tec. 0903 39.48 3.81 870.67 42.45 8.09 56.48 0912 236.26 106.9 8.08 -115.7 5.05 95.46 39.35 49.05 14.25 8.15 155.35 52.9

Sandur Manganese 0903 8.75 127.37 427.82 58.65 147.47 214.62 0912 49.31 -29.01 8.43 2.31 18.58 55.03 632.1 782.8 195.7 29.59 553.09 74.36

Sesa Goa 0903 78.72 53.15 5082.47 41.1 1942.49 57.39 0912 1378.8 1.91 607.71 31.28 21.11 50.88 452.15 460 83.15 22.33 37569.14 57.47

VBc Ferro alloys 0903 4.19 0.31 81.17 74.37 0.49 321.98 0912 23.13 60.96 0.46 -483.33 3.89 -3.68 306.2 514.95 182 109.75 128.6 36.74

Miscellaneous

advanta india 0812 16.84 2.29 139.31 31.4 8.57 261.29 0912 17.22 -45.32 -28.58 -312.18 6.78 24.96 495.15 754.7 398.2 0 833.83 62.06

aia engg. 0903 18.8 22.74 921.61 55.51 133.46 69.01 0912 265.19 -5.77 60.56 107.9 16.17 41.72 359.15 398 112 22.5 3386.78 64.66

alchemist 0903 12.24 13.67 389.19 26.39 14.03 86.83 0912 105.3 36.31 4.46 28.16 13.14 23.96 160.05 199.25 50 12.17 195.9 28.01

anil Prodcuts 0903 7.4 17.21 276.45 22.69 10.52 75.53 0912 96.43 19.67 7.16 84.06 22.63 15.96 97.45 168.85 36.75 3.48 72.11 58.89

assoc. Stone ind 0903 6.63 23.25 126.58 8.78 8.62 61.95 0912 45.44 10.13 5.44 12.86 9.22 1.04 38.1 49.98 13.53 4.7 50.52 70.4

atlas cycle 0903 3.25 1.65 635.16 10.14 1.9 354.89 0912 161.66 30.24 0.89 -841.67 10.92 9.65 212.2 264.85 73.6 19.43 68.96 48.09

camson Bio tech. 0903 13.7 23.97 49.41 17.9 8.11 29.19 0912 21.68 210.6 4.81 358.1 8.73 93.74 134.05 139.75 17 14.57 183.65 15.91

carol info Serv. 0903 35.44 5.5 26.87 12.66 75.78 125.72 0912 6.58 -0.15 6.85 73.42 18.27 -4.47 67.85 78 27.5 11.62 240.46 63.73

century Ply. 0903 22.25 26.67 698.69 17.61 11.11 7.48 0912 201.98 28.58 13.03 -205.34 2.41 41.76 55.85 59.4 25.15 21.9 1240.99 85.9

confidence Petro 0903 25.88 10.14 247.5 59.95 13.91 5.57 0912 86.64 65.95 6.57 51.03 0.8 297.31 8.05 13.5 3.5 9.94 206.97 46.27

criSiL 0812 7.23 44.7 378.35 48.19 137.38 479.14 0912 118.98 16.3 38.98 23.35 208.08 40.16 5063.35 5555.5 2220 24.35 3660.8 51.5

Dredging corpn 0903 28 3.7 685.28 -2.85 46.37 453.14 0912 181.21 -19.02 36.1 45.56 15.38 5.65 620.7 785.95 212 54.26 1737.96 78.56

etc networks 0903 9.74 8.65 66.66 -14.34 8.61 105.18 0912 11.3 -20.65 0.98 -51.49 4.31 29.67 219.8 246 57.25 50.88 214.09 70.51

Finaventure cap 0903 3.57 -4.41 0.04 -96.97 -0.23 14.34 0912 0 -100 -0.06 -250 0 -43.59 79.7 95.5 18.95 0 85.2 52.46

Global Vectra 0903 14 0 233.35 29.97 -56.22 1.36 0912 56.82 -14.63 5.22 -123.37 18.54 44.58 52.35 64.35 23.6 0 73.29 75

Greenply inds. 0903 8.5 22.83 785.03 33.44 37.31 105.84 0912 218.52 21.81 13.93 34.98 23.98 40.19 196.45 210.4 37.03 9.68 434.15 55

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april 2010 [34]

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Net

Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth % TTM eps

CAGR

Sales % CMP

52 Week

H

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L

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Market

Cap

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Holding

Guj.St.Petronet 0903 562.12 10.48 487.5 16.66 123.41 21.62 0912 268.49 128.62 115.36 317.37 6.06 28.31 88.25 104 36.05 14.56 4963.62 37.75

Hanung toys 0903 25.19 23.39 637.01 30.39 64.45 121.29 0912 214.48 32.18 23.08 53.97 27.77 55.3 185.75 192.1 28.1 6.69 467.9 65.3

icra 0903 10 21.47 88.73 46.2 36.15 179.41 0912 27 28.14 11.58 49.61 47.97 21.98 879 950 407 18.32 879 28.51

info edg.(india) 0903 27.3 20.22 245.17 11.98 59.69 118.65 0912 58.88 -0.07 15.64 -9.12 21.07 66.48 888.7 946.8 415 42.2 2426.15 54.15

intl. travel Hse 0903 7.99 12.72 78.96 0.15 8.18 83.88 0912 22.78 20.21 4.27 173.72 11.19 15.68 134.65 152 51 12.03 107.59 61.69

Jolly Board 0903 4.55 112.79 118.22 113.43 51.07 149.05 0912 14.19 2.23 0.18 -99.6 132.87 22.12 520 680.1 195.25 3.72 236.6 89.89

karuturi Global 0903 45.29 1.12 42.14 10.66 5.05 8.54 0912 5.54 -48.42 0.41 -18 0.19 63.56 18.7 23.65 7.86 64.48 914.99 27.28

kaveri Seed co. 0903 13.7 19.88 123.06 27.43 22.9 91.28 0912 22.6 13 3.07 58.25 21.79 25.92 282.4 306.7 138 12.98 386.89 62.14

Linc Pen &Plast. 0903 8 12.81 187.58 7.8 5.04 38.95 0912 55.23 20.01 2.49 6125 9.31 17.47 66.2 73.4 19.5 9.69 84.67 69.03

neha intl. 0906 13.76 1.61 18.88 33.43 0.99 34.88 0912 4.72 -24.84 0.13 -533.33 3.72 49.01 139.15 147.9 12.66 190.62 191.47 24.55

network 0906 48.03 0 2.07 -18.82 -2.64 10.17 0912 0.17 -78.48 0.12 -108.63 0.02 152.92 13.01 23.65 8.1 0 63.94 60.94

ricoh india 0903 39.77 13.67 241.93 10.11 12.54 24.65 0912 57.26 9.78 2.77 575.61 3.96 29.66 28.3 36.9 11.61 7.11 112.55 73.6

riddhi Siddhi Gl 0903 11.14 8.8 530.68 59.8 13.98 143.12 0912 193.59 56.06 12.78 914.29 24.11 29.25 209.85 231 57.95 7.64 233.77 43.06

Scanpoint Geoma 0903 11.9 0 1.07 16.3 -0.98 -1.62 0912 0.38 -32.14 -0.72 -820 0 -29.35 46.8 55.35 3.13 0 55.69 41.28

South.Bio tech. 0903 32.71 2.87 39.48 76.8 1.69 18.75 0912 9.87 -13.5 0.48 -27.27 0.41 66.34 22.65 27.4 7.65 56.63 74.99 18.49

Srinivasa Hatch 0903 4.85 2.44 83.83 -0.52 0.92 118.37 0912 37.16 60.8 3.88 743.48 19.58 13.08 136.4 142.4 45.5 6.98 66.29 75

Sukhjit Starch 0903 7.38 13.37 202.62 12.8 11.63 123.36 0912 69.17 32.1 4.03 96.59 12.86 20.66 124.7 130 86 9.7 92.03 56.5

taneja aerospace 0906 12.47 5.01 32.83 127.99 5.57 36.64 0912 4.28 27.76 0.86 -43.79 1.33 24.93 40.8 53 17.7 30.68 101.76 47.47

thomas cook (i) 0812 16.08 35.2 274.77 15.93 30.2 5.71 0912 49.57 -13.64 4.81 124.77 1.14 21.2 63.4 78.5 31.3 60.38 1340.91 77.31

tube investments 0903 36.95 4.42 2062.18 18.4 72.18 39.89 0912 583.94 36.03 17.87 -229.96 2.88 12.25 75.85 89.4 23.8 17.52 1401.33 51.66

Venky's (india) 0903 9.39 13.82 569.26 8.81 20.56 167.32 0912 175.31 16.52 13.2 85.39 42.62 13.31 337.6 371 69.5 7.92 317.01 56.12

Vimta Labs 0903 4.42 3.13 81.6 6.39 4.04 58.88 0912 19.7 21.23 -1.58 23.44 1.56 18.37 24.65 42.7 14 29 54.48 36.83

Websol energy 0903 7.74 11.45 139.12 38.25 10.56 125.39 0912 31.45 -26.54 0.32 -86.78 3.34 38.43 128 201.6 23 47.41 255.62 30.05

Non Ferrous Metals

century extrus. 0903 8 14.21 98.56 -2.87 2.8 3.41 0912 33.88 61.56 0.9 -3100 0.57 8.66 8.99 9.15 2.26 16.35 71.92 52.04

Hind.copper 0903 462.61 -0.77 1209.62 -24.09 -10.31 10.46 0912 325.02 101.01 50.73 -173.36 0.75 21.88 525.25 656.95 87 0 48597.18 99.59

Hind.Zinc 0903 422.53 20.82 5688.51 -27.95 2727.61 339.8 0912 2216.73 114.92 1148.65 211.44 79.37 25.27 1240.45 1324.8 398 15.63 52412.73 64.92

Hindalco inds. 0903 170.05 10.83 18070.07 -4.41 2230.27 139.69 0912 5286.1 29.56 427.1 -21.6 7.26 24.87 175.5 179.75 43.7 22.1 33588.95 32.08

Madras aluminium 0903 22.5 16.53 491.58 4.01 45.86 34.84 0903 112.11 -13.17 28.74 -293.67 5.55 10.1 115.85 125 102.5 21.9 1303.31 80

Manaksia 0903 13.91 6.7 978.56 32.43 23.86 73.32 0912 203.11 -30.45 5.98 -42.72 2.36 8.4 94.9 133.95 27.15 33.89 660.03 59.33

natl. aluminium 0903 644.31 13.65 5118.04 1.91 1272.27 151.63 0912 1386.47 36.51 155.18 -29.29 8.14 10.32 403.25 525.9 207.15 49.6 25981.8 87.15

nissan copper 0903 14.56 4.02 134.63 4.64 2.13 37.91 0912 43.22 70.9 2.3 -131.34 8.38 51.59 37.75 47.55 10.8 8.99 109.4 54.42

Parekh aluminex 0903 12.94 15.35 421.26 41.07 38.14 205.18 0912 162.03 49.42 11.03 14.3 32.98 48.34 138.05 166.9 49.3 4.19 178.64 33.91

Prec. Wires (i) 0903 11.56 0.82 537.14 -6.41 1.16 122.66 0912 163.68 35.08 4.63 -146.21 13.62 22.53 73.75 94.25 24.1 5.04 85.25 59.65

Sterlite inds. 0903 141.7 9.09 11536.28 -8.87 1236.43 198.16 0912 3611.99 39.83 46.59 -77.16 7.71 32.26 825.15 928 302 88.92 69345.61 52.02

tinplate co. 0903 28.92 32.21 649.79 66.06 34.8 25.92 0912 194.46 7.75 22.25 775.98 18.35 17.61 79.25 95.9 15.3 6.99 570.44 45.23

Oil Drill/Allied

alphageo (india) 0903 5.13 11.51 63.88 -21.69 5.95 105.77 0912 7.01 34950 -1.63 -65.76 18.52 30.7 195.75 283.15 74 9.98 100.22 34.71

Dolphin offshore 0903 9.56 43.47 343.98 51.07 40.01 115.45 0912 188.01 104.07 21.5 234.89 45.15 48.58 343.15 473 86.07 9.31 540.8 57.01

Jindal Drilling 0903 11.47 14.74 777.83 88.45 37.33 117.85 0912 278.97 34.31 15.97 48.42 29.78 44.1 508.15 706 253 17.07 1165.7 75

Packaging

Bilcare 0903 17.21 15.27 471.33 15.99 60.7 248.55 0912 140.11 19.65 18.75 16.97 30.82 34.93 561.9 589.9 290.4 18.14 1274.95 46.67

cosmo Films 0903 19.44 22.14 649 11.77 87.46 132.35 0912 200.68 50.42 12.43 74.09 45.52 15.68 115.75 138 59 4.01 225.02 46.02

essel Propack 0812 31.31 4.74 333.95 7.61 27.18 37.33 0912 91 11.42 8.86 -25.61 2.01 8.05 42.7 58.5 12.1 21.24 668.68 58.92

ester inds. 0903 27.75 28.01 372.93 16.93 33.43 24.3 0912 96.38 13.9 5.81 14.15 5.52 6.45 17.85 28.15 9.15 3.65 112.28 67.95

everest kanto 0903 20.23 9.45 351.14 5.44 37.25 38.85 0912 101.22 23.17 3.78 -54.07 1.49 36.62 119.5 238.1 95 38.42 1208.74 59.78

Garware Polyest 0909 23 7.2 546.31 -35.31 10.63 66.05 0912 149.9 22.7 10.77 -317.14 11.44 4.47 61.05 62.6 16.35 5.34 140.78 57.48

Hind.tin Works 0903 10.4 10.46 244.34 31.9 6.69 63.7 0912 49.53 -11.2 2.25 389.13 9.43 13.34 134.5 143.6 14 14.29 139.88 36.23

Hitech Plast 0903 13.18 21.67 134.42 26.44 9.26 36.49 0912 39 21.16 3.35 77.25 10.44 35.86 89.4 119.45 27.05 8.57 117.83 66.5

Jhaveri Flexo 0903 12.58 2.09 169.22 29.52 1 22.66 0912 44.54 16.38 -2.09 0 1.08 67.15 32.75 49.75 28.5 192.65 82.4 74.57

Jindal Poly Film 0903 25.82 17.29 1421.76 12.83 126.49 376.87 0912 386.98 24.46 34.85 109.31 79.48 21.26 355 399 232.35 4.81 882.53 67.37

Max india 0903 44.41 1.06 352.12 25.02 21.84 92.88 0912 80.63 3.08 -0.4 -112.27 0.09 25.04 196.3 253.8 96 258.29 4561.03 33.97

oricon enter. 0903 9.63 6.59 47.7 204.02 9.02 105.2 0912 14.68 28.43 3.26 74.33 9.84 -19.86 340.4 369 20 34.56 327.81 54.95Paper Products 0812 12.54 8.89 619.29 15.49 21.29 38.82 0912 130.37 -8.7 7.24 90.03 5.96 9.81 57 75.9 31.1 9.56 357.39 63.88Polyplex corpn 0903 16.57 12.98 229.26 20.03 17.13 79.23 0912 53.73 0.45 0.84 -44 31.28 4.25 199.9 220.8 103.6 6.39 319.64 46.93rollatainers 0809 10.01 0 48.42 25.41 -4.44 -23.17 0912 12.49 -3.1 -0.95 50.79 0.56 -12.07 200.35 294.35 49.45 0 200.55 86.08tPL Plastech 0903 7.8 21.05 68.05 12.93 2.91 18.42 0912 18.09 44.49 1.19 240 4.39 19.42 65.6 156.75 17.5 12.99 51.17 75Uflex 0903 64.97 10 1520.68 19.96 104.58 111.06 0912 396.23 3.35 26.85 36.36 19.12 19.87 92.6 111.65 52.75 6.33 601.62 42.98

Paints/Varnishasian Paints 0903 95.92 35.82 4495.05 25.25 362.36 114.1 0912 1277.71 26.83 178.69 256.6 72.54 20.11 1994.85 2024 692.35 29.67 19134.6 49.98Berger Paints 0903 63.77 23 1510.82 12.81 88.76 12.99 0912 425.13 18.67 27.76 85.56 3.48 17.64 61.05 75.7 34 18.78 2112.64 73.72ici (india) 0903 38.07 9.88 905.84 -2.6 294.59 254.69 0912 245.94 5.58 30.27 -82.7 37.44 3.01 602.9 679.8 410 14.09 2222.29 56.4kansai nerolac 0903 26.95 15.8 1478.68 5.31 98.59 242.84 0912 420.91 33.05 36.29 70.78 56.28 12.78 1109.65 1321 361.1 19.72 2990.51 69.27Shalimar Paints 0903 3.79 13.89 332.4 11.04 3.56 94.91 0912 90.81 13.81 1.34 3250 19.45 23.5 265 318.4 139.75 11.65 100.43 62.3

PaperaP Paper 0903 25.73 4.54 627.87 8.55 18.95 162.44 0912 156.96 11.09 9.37 -244.15 18.43 9.8 77.65 113.96 34.66 4.71 254.3 50.82Ballarpur inds. 0906 111.12 9.58 1020.08 7.14 125.39 24.29 0912 243.53 -4.11 16.09 -49.51 1.81 -10.79 25.2 29.5 13.95 15.09 1513.26 40.3Jk Paper 0903 78.15 9.63 1200.53 75.79 38.01 51.54 0912 265.33 -0.85 20.35 470.03 10.11 13.14 47.15 53.85 14.61 4.66 368.48 39.54Mysore Paper 0903 118.89 10 415.65 9.79 16.33 7.31 0912 71.43 -25.93 3.5 10.41 0.29 8.29 8.02 13.65 3.93 0 95.31 64.74n r agarwal inds 0903 17.02 19.01 367.72 27.99 8.86 29.39 0912 100.55 6.99 4.33 312.38 10.8 34.1 35 52 8.9 3.95 72.63 73.22Pudumjee Pulp 0903 8.2 3.72 220.3 0.38 4.21 27.93 0912 44.37 1.37 2.69 313.85 2.43 14.77 20.8 29.8 7.35 8.52 85.28 60.87rainbow Papers 0903 7.21 32.73 229.6 36.53 23.48 115.1 0912 67.67 12.61 5.42 502.22 38.03 21.55 132.7 152.5 32 8.43 231.43 58.98rama newsprint 0903 58.16 0 341.61 -3.52 -27.27 47.81 0912 67.27 -3.03 -17.77 -6446.43 0 22.36 21.85 54.05 11.8 0 127.08 56.31Seshasayee Paper 0903 11.25 8.02 529.11 6.88 15.03 171.14 0912 125.1 -9.86 8.91 2021.43 30.07 7.18 161.45 186 62 5.37 181.63 42.76Sirpur Paper 0903 15.01 -1.79 346.13 42.39 -1.64 130.41 0912 68.29 -25.73 -10.33 -975.42 6.62 9.83 49.45 75.7 28.7 0 74.22 43.25Star Paper Mills 0903 15.61 8.29 360.26 13.77 17.23 83.54 0912 61.41 -4.23 -2.32 -149.05 2.42 17.88 35.55 42.45 15.2 13.62 55.49 54.81t n newsprint 0903 69.38 14.28 1101.55 13.34 107.39 95.75 0912 239.62 -1.36 31.02 46.11 12.87 13.55 84.4 94 52.55 7.83 584.13 35.32Well Pack Paper. 0903 4.44 4.17 20.25 27.76 0.37 20.05 0912 4.67 28.3 -0.42 -940 0.02 2.68 29.5 34.2 6.11 0 241.01 44.25West coast Paper 0903 12.08 20.01 620.06 6.09 90.54 81.34 0912 138.4 -7.83 12.08 -45.61 13.09 7.62 59.65 77.7 35.9 4.72 374.3 51.76

PetrochemicalsBhansali engg. 0903 16.59 -15.17 225.04 -12.53 -11.42 4.19 0912 77.69 129.58 3.83 -120.88 1.33 22.91 19 22.6 9.03 16.38 315.21 44.81chemplast Sanmar 0903 47.98 -30.3 675.76 5.58 -66.61 3.89 0912 280.49 83.8 -43.84 889.62 0 6.22 9.99 14.89 3.51 0 798.9 75DcW 0903 39.23 4.71 905.34 20.51 14.25 15.62 0912 253.9 11.93 18.83 -209.8 3.59 8.37 19 24.9 7.54 5.32 372.68 39.42Finolex inds. 0903 124.01 -7.19 1492.92 7.03 -37.89 40.32 0912 415.45 1.98 11.34 -118.61 8.51 16.35 54.55 71.35 27.05 3.7 679.31 52.12ineos aBS (india 0812 17.59 8 604 8.42 17.95 131.13 0912 168.15 22.4 20.03 -560.46 27.89 11.96 263.7 290 73 9.47 463.85 83.33Jubilant organ. 0903 14.76 19.19 2428.53 22.89 260.74 90.74 0912 612.49 4.27 70.57 -433.51 18.37 23.12 348.45 365 87.5 17.48 5139.64 50.82Manali Petrochem 0903 86.03 6.23 354.38 8.93 7.03 6.62 0912 103.13 23.66 4.31 2435.29 1.01 9.08 10.07 13.6 6.1 9.97 173.2 38.3Savita oil tech 0903 14.6 6.77 1137.89 25.73 17.23 177.34 0912 299.69 5.78 21.26 -779.23 42.62 23.48 416.15 486.9 105 10.89 607.58 71.53South asian Pet. 0903 233.14 4.05 1111.8 10.69 15.73 16.71 0912 245.94 -10.82 23.46 -248.95 3.34 23.96 12.76 18 6.82 3.83 297.49 56.39Supreme Petroch. 0906 96.84 9.98 1399 -5.69 19.19 20.28 0912 396.66 41.41 13.84 -129.65 9.5 5.09 39.3 43.75 12.82 4.08 381.09 59.77

Pharmaceuticalsaarti Drugs 0903 11.71 13.13 376.51 21.17 15.05 102.46 0912 117.03 27.75 4.8 772.73 19.89 11.28 97.8 117.8 33.25 5.05 118.44 50.03abbott india 0911 13.68 31.46 794.56 14.27 77.51 198.51 0911 202.23 17.62 23.65 82.2 56.66 11.17 885.7 941 371.65 16.44 1211.64 68.94ajanta Pharma 0903 11.8 14.93 319.33 12.08 21.38 128.94 0912 94.66 27.97 7.69 67.17 23.75 22.1 168.1 177.65 50.05 7.17 199.37 66.82albert David 0903 5.71 14.16 204.78 17.32 7.53 97.67 0912 42.88 13.77 0.76 145.16 16.89 12.35 115.5 142.9 41 6.84 65.95 61.59alembic 0903 27.44 4.21 1085.23 9.61 7.28 23.83 0912 264.12 -6.04 9.04 334.62 1.54 14.58 46.15 56.25 30.55 39.11 616.1 63.48ambalal Sarabhai 0903 76.63 -176.27 62.26 1.87 10.85 7.43 0909 14.9 -10.08 -4.67 -104.84 9.3 -12.41 10.7 16.8 7.2 0 81.99 30.43amrutanjan Healt 0903 3.1 24.13 90.7 21.66 92.86 302.65 0912 27.38 -0.29 4.95 70.1 32.12 5.92 809.25 844.45 300 22.24 250.87 47.43ankur Drugs 0903 18.62 15.12 965.32 43.33 37.13 140.51 0912 260.4 8.5 28.14 256.65 40.91 77.41 188.35 251 61.1 3.83 364.27 37.45anu's Lab. 0903 12.08 16.52 160.78 6.22 16.32 12.08 0912 48.95 52.07 2.76 12.2 0.53 43.59 6.75 28.58 6.43 9.12 163.01 50.3anuh Pharma 0903 1.39 20.97 120.45 8.66 8.72 159.03 0912 45.94 75.95 2.47 -4.63 40.98 17.6 382.95 465.3 135 9.34 106.46 71.44astrazeneca Phar 0812 5 53.61 354.76 17.21 73.84 46.46 0912 114.84 22.6 22.09 -3.62 23.04 14.88 870.45 1109 500 37.76 2176.13 90aurobindo Pharma 0903 26.88 10.12 2755.6 20.94 128.54 245.69 0912 811.06 12.31 148.26 264.1 91.65 17.16 938.4 990 165.2 10.64 5228.76 58.71aventis Pharma 0812 23.03 22.07 995.37 15.2 166.2 353.73 0912 237.1 -12.15 26 -42.6 68.44 8.69 1759.7 1880 825 25.75 4052.59 60.39Bafna Pharma. 0903 15.98 4.25 45.8 16.54 1.07 24.11 0912 19.74 35.02 0.85 -176.58 3.02 25.25 33.75 36.45 15.06 9.99 53.93 50.32Bharat immunolog 0903 43.18 0 7.11 -47.29 -3.53 6.7 0912 0.46 4500 -0.29 -390 0 -19.92 18.6 25.85 9.5 0 80.31 59.25Biocon 0903 100 15.02 912.37 3.99 111.8 68.7 0912 300.83 36.82 65.8 173.26 10.33 12.67 281.85 304.5 116.15 24.75 5637 60.92

Bliss GVS Pharma 0903 10.31 46.99 132.95 29.85 37.45 9.46 0912 49.72 17.1 13.82 17.92 3.91 109.56 35.95 46.5 7 9.22 371 67.39

cadila Health 0903 68.2 23.26 1699.3 3.45 265.9 90.38 0912 460.4 25.07 125.32 73.48 30.39 10.43 811 824.5 250 25.89

11070.1

5 74.79

cipla 0903 155.46 19.21 4960.6 24.08 776.81 55.86 0912 1344.16 6.32 289.03 29.35 13.51 21.91 333.55 363 194.55 25.29

26780.7

3 36.8DiL 0903 2.29 4.88 12.21 37.04 3.41 304.1 0909 3.24 44 5.61 2571.43 44.85 -8.79 255.2 309 106 32.63 64.31 59.58

Page 36: magazine April 2010

April 2010 [ 35]

Co_Name

Year

Ended

Equity

Paid

RONW

(%)

Net

Sales

Net

Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended Net Sales

Net

Sales% PAT

PAT

Growth

% TTM eps

CAGR

Sales % CMP

52 Week

H

52 Week

L

Latest

P/E

Market

Cap

Promote

r

Holding

Dishman Pharma 0903 16.14 18.36 415.76 15.81 92.14 68.38 0912 91.31 -16.62 18.48 24.03 10.4 27.32 218.75 275 91.1 21.03 1765.31 60.77

Divi's Lab. 0903 12.95 39.75 1191.11 15.28 424.46 194.87 0912 189.9 -28.99 68.79 -16.54 20.63 31.43 630.85 714.95 418.28 26.4 8264.13 52.91

Dr reddy's Labs 0903 84.2 11.14 4158.9 23.59 560.9 312.3 0912 1041.31 0.58 168.42 62.46 44.43 20.15 1251.2 1264.8 415 28.2 21125.26 25.78

elder Pharma 0903 18.89 12.28 620.02 12.49 49.14 219.87 0912 179.99 17.12 15.37 18.05 27.59 19.18 359.05 377 191 13.11 677.17 40.52

FDc 0903 18.9 21.01 576.51 17.75 83.43 22.21 0912 158.38 23.81 30.74 103.71 6.57 15.62 80 83.85 30 12.18 1497.6 65.76

Fres.kabi onco. 0903 15.82 -20.33 262.08 8.82 -77.7 26.03 0912 101.77 107.78 13.19 -120.9 3.92 5.5 115.85 162.9 33 36.89 1832.75 90

Fulford (india) 0812 3.9 16.57 185.34 10.28 19.72 329.31 0912 51.76 10.2 2.6 -27.58 30.73 10.04 891.4 973 335 25.83 347.65 53.93

Glaxosmit Pharma 0912 84.7 30.45 1872.65 12.45 512.29 207.69 0912 443.51 20.02 103.59 -50.31 60.9 6.55 1725.05 1785 1035 31.6 14611.17 50.67

Glenmark Pharma. 0903 25.05 19.3 854.56 -37.68 217.93 49.1 0912 276.92 13.35 37.49 1.54 6.16 19.56 245.4 290 139.6 42.02 6620.89 48.39

Granules india 0903 21.74 3.73 253.44 18.54 5.08 84.1 0912 101.34 18.37 5.87 662.34 9.61 15.62 95.9 105 34.8 9.98 192.47 34.51

Gufic BioScience 0903 7.74 5.04 51.57 -4.09 0.83 2.15 0912 18.07 64.72 0.23 -36.11 0.14 1.96 6.47 10.84 3.06 107.83 50.08 69.85

Hester Bios 0903 5.19 13.52 30.16 -7.57 4.74 70.62 0912 9.12 28.81 1.41 16.53 11.33 31.47 123 135 63.1 10.86 63.84 50.74

ind-Swift 0903 7.44 17.98 587.06 14.42 37.74 58.48 0912 160.36 6.95 4.78 -49.47 8.05 23.2 28.35 37 12.5 3.52 105.46 37.86

ind-Swift Labs. 0903 25.27 15.61 581.88 30.91 39.79 106.65 0912 215.73 43.12 13.45 58.8 18.13 31.06 67.05 79.5 22.9 4.03 186.73 39

indoco remedies 0903 12.29 11.8 348.78 32.92 31.44 226.57 0912 95.7 22.82 7.73 1126.98 30.75 17.64 360.35 384.95 104 11.72 442.87 61.02

ipca Labs. 0903 24.99 14.64 1293.15 20.82 91.22 255.51 0912 393.92 26.62 58.25 151.29 72.04 15.68 1281.9 1316 300.35 17.14 3209.88 46.28

J B chem & Pharm 0903 16.87 15.82 721.17 32.17 78.74 63.08 0912 198.07 -9.96 29.56 107.58 10.25 19.04 71.05 72.85 31.6 6.94 599.31 55.56

Jagsonpal Pharma 0903 13.1 9.77 136.19 -9.26 6.17 25.15 0912 32.3 -16.23 2.41 16.99 2.55 -2.12 22.3 27.3 7.2 8.75 58.43 65.79

Jupiter Bio. 0903 16.13 8.98 142.93 10.11 28.19 184.12 0912 49.09 39.14 8.91 17.7 20.75 16.85 79.55 104.7 34.45 4.25 147.25 19.91

kerala ayurveda 0903 10.56 0 17.99 3.75 -3.94 11.03 0912 5.15 4.04 0.87 -173.73 2.07 9.92 49.5 66.35 14.85 0 52.27 61.52

kilitch Drugs 0903 13.2 19.26 129.01 10.1 11.14 48.78 0912 32.03 14.93 2.53 -4.53 8.9 49.53 101.95 157.1 58 11.92 134.57 64.62

kopran 0903 35.25 0 118.64 154.37 -13.19 23 0912 39.81 35.27 7.87 -227.55 2.25 -3.78 27.95 35.4 6.85 57.04 103.69 32.79

Lupin 0903 82.82 31.18 2899.15 14.88 416.97 166.06 0912 1004.5 37.82 222.7 152.67 69.77 20.37 1609.7 1634 590.3 24.3 14315.06 47.18

Lyka Labs 0909 21.58 0 152.07 62.97 -6.45 33.34 0912 24.54 59.25 0.34 -110.69 0.86 15.84 31.25 40.6 14.01 0 67.44 23.3

Marksans Pharma 0903 36.78 0.36 199.53 -15.62 0.49 3.96 0912 62.94 24.07 1.13 527.78 0.03 8.44 4.88 8.12 3.61 0 179.49 48.39

Merck 0912 16.6 14.26 472.34 21.91 65.48 281.5 0912 108.72 16.58 18.83 67.68 39.27 4.68 630.55 665.9 322.3 17.8 1063.11 51.8

Morepen Labs. 0903 71.46 0 161.15 30.68 -36.84 5.46 0912 41.82 -13.58 -10.9 -19.08 0.72 -22.22 7.64 12.43 4.47 0 343.69 34.54

natco Pharma 0903 28.04 17.92 269.69 17.75 42.74 91.98 0912 74.83 10.84 12.09 7.18 16.32 14.27 130.1 145.8 43.55 8.04 366.23 62.27

nectar Lifesci. 0903 15.23 18.62 727.97 -1.08 54.58 19.9 0912 259.78 93.42 32.15 469.03 5.36 30.43 37 43.5 10.25 10.45 829.91 64.46

neuland Labs. 0903 5.47 16.71 306.73 40.92 11.79 135.1 0912 69.95 -16.12 -6.61 -459.24 16.23 16.94 100.25 160 87.15 0 54.13 37.97

novartis india 0903 15.98 21.54 600.51 8.57 103.71 161.06 0912 160.46 2.25 23.15 -4.22 34.07 3.54 572.4 600 275 16.8 1829.39 76.42

orchid chemicals 0903 70.44 -7.68 1191.44 -3.83 -52.17 95.15 0912 308.84 4.59 -16.86 167.19 0 11.42 160.35 239.4 62 0 1129.51 21.17

Panacea Biotec 0903 6.68 -6.3 773.42 -6.87 -69.05 92.09 0912 228.1 29.67 7.34 -138.9 3.37 24.21 178.15 234.9 52.5 110.65 1190.04 68.73

Parenteral Drugs 0903 18.2 5.47 226.07 7.47 10.77 143.63 0912 80.24 39.21 6.25 39.51 16.92 19.07 213.8 240.65 37.1 15.98 414.77 60.46

Pfizer 0811 29.84 19.76 707.1 -0.41 299.12 301.46 0911 194.94 10.62 25.73 -14.89 46.72 5.2 931.95 1013 514.4 19.27 2780.94 70.75

Piramal Health 0903 41.8 24.97 2318.9 21.16 275.32 56.89 0912 704.89 20.6 138.28 257.59 21.2 11.14 411.95 441 170.85 19.42 8609.75 49.39

Plethico Pharma 0812 34.07 20.96 472.14 -14.07 60.85 178.93 0909 109.17 -29.11 15.07 -56.93 26.45 26.73 360 404.6 88.7 13.03 1226.52 87.01

ranbaxy Labs. 0812 210.19 0 4564.96 8.07 -1044.8 84.24 0912 1522.88 58.99 488.23 -159.61 32.11 4.65 467.05 538 141.6 34.34 19640.39 63.92

Sequent Scien. 0903 11.09 6.22 106.13 57.46 3.52 53.73 0912 64.73 51.56 3.53 14.98 7.36 39.79 137.45 160 34.85 17.4 291.94 70.75

Sharon Bio-Med. 0906 10.56 19.14 419.79 25.45 18.6 92.56 0912 122.94 30.33 7.2 12.32 8.55 77.93 108.1 120 30.4 5.7 114.15 60.74

Shasun chemicals 0903 9.66 -16.01 457.96 8.42 -33.37 39.71 0912 144.02 15.32 10.5 -177.78 2.63 12.91 46.7 53.7 11.6 18.53 225.56 46.61

Shilpa Medicare 0903 4.4 12.29 135.95 44.83 7.56 30.84 0912 65.61 131.35 13.31 516.2 17.77 31.35 258 282.5 29.3 14.06 567.6 59.95

SMS Pharma 0903 10.02 3 240.95 16.29 6.3 211.76 0912 60.89 -0.99 1.57 -21.11 2.79 17.95 157.6 189.9 75 0 157.92 53.84

Solvay Pharma 0812 5.05 33.46 201.64 20.48 32.8 216.36 0912 66.1 19.83 10.48 52.77 79.28 15.86 2864.25 3599.6 530 36.9 1446.45 68.85

Strides arcolab 0812 40.05 19.41 593.14 43.66 6.13 82.34 0912 258.48 76.62 19.67 -84.85 25.68 17.39 352.45 357.7 73.5 37.9 1522.94 25.69

Sun Pharma. 0903 103.56 27.04 3866.45 22.67 1265.29 248.72 0912 489.64 -22.41 318.04 23.91 51.6 32.56 1696.2 1711 1000 32.92 35131.7 63.71

Surya Pharma. 0903 14.47 27.47 722.93 48.6 56.13 159.03 0912 298.08 52.5 21.41 60.86 46.21 34.86 160.5 172.8 50.55 3.47 232.24 38.48

Suven Life Scie. 0903 11.59 11.01 140.01 19.38 7.12 9.87 0912 28.91 -16.66 0.72 166.67 0.77 23.78 27.4 37.4 9.95 54.8 317.57 62.7

themis Medicare 0903 8.05 -14.94 199.9 -8.7 -10.39 79.63 0912 47.99 25.69 4.98 -176.03 22.27 22.79 190.85 216.4 50 12.06 153.63 69.65

torrent Pharma. 0903 42.31 28.34 1167.27 18.55 186.73 86.58 0912 341.59 12.56 63.22 12.91 23.35 21.73 510.45 513 127.5 20.62 4319.43 71.51

ttk Healthcare 0903 8.09 14.35 219.6 10.43 7.88 70.87 0912 63.04 12.47 2.02 -31.76 10.58 8.13 261 304 93 25.27 211.15 65.43

twilight Li-taka 0903 10.64 40.78 370.44 25.64 22.12 30.06 0912 127.87 22.23 8.72 116.92 11.24 46.58 82.1 93.8 22.9 6.25 174.71 63.74

Unichem Labs. 0903 18.03 26.32 651.19 13.11 124.75 144.19 0912 171.36 14.9 33.68 19.82 35.56 13.11 417.5 424 145.05 11.73 1504.67 48.42

Venus remedies 0903 8.45 38.47 264.1 24.17 45.53 169.44 0912 76.48 17.44 10.94 10.28 50.44 62.78 258.55 312 145 5.13 218.99 25.68

Vinati organics 0903 9.87 46.73 190.5 30.19 25.13 65.75 0912 57.83 15.41 9.25 47.76 8.22 40.92 74.65 97.5 12.43 9.78 368.4 74.88

Wanbury 0903 14.69 -52.41 167.29 -56.3 -31.29 69.41 0912 88.47 6.64 3 -18.26 10.5 26.05 72.95 96 29.55 0 107.16 41.66

Wockhardt 0812 54.72 0 1490.29 21.97 -348.76 61.89 0912 395.44 8.27 -159.96 -58.59 0 15.36 141 201.45 68.45 16.26 1543.1 73.64

Wyeth 0903 22.72 37.61 382.25 15.96 99.67 119.58 0911 58.94 -37.15 4.67 -77.54 34.12 4.3 759.9 818 410 29.26 1726.49 57.15

Zenotech Lab. 0903 34.43 0 6.18 -24.26 -21.67 32.58 0912 1.63 50.93 -3.06 -35.44 0 68.87 115.05 138.95 83.5 0 396.12 25.77

Plantation & Plantation Products

apcotex industri 0903 5.57 8.22 102.27 -0.53 4.48 99.57 0912 36.39 97.88 3.17 756.76 15.14 8.61 122.05 130.4 32.6 8.18 68.47 53.57

assam company 0812 30.98 3.93 184.25 21.29 10.19 9.67 0909 73.04 3.56 28.51 15.66 1.21 13.5 20.95 24.5 6.6 20.74 649.03 46.19

Bombay Burmah 0903 13.96 -17.37 256.56 13.51 -13.88 51.29 0912 74.45 29.34 4.93 -193.02 15.96 15.09 385.05 417.5 107 22.22 537.53 64.04

ccL Products 0903 13.3 11.16 263.85 7.95 19 132.08 0912 88.84 24.23 12.52 87.71 18.59 28.28 241.85 270 61 13 321.66 30.29

Dhunseri tea 0903 11.72 10.29 104.53 14.2 16.66 121.93 0912 43.06 47.97 16.71 166.08 36.25 16.02 156.05 190 58.8 5.39 182.73 75

Duncans inds. 0903 53.22 0 138.59 34.74 -48.09 -234.18 0912 57.38 36 8.03 477.7 2.59 6.87 12.5 14.39 5.37 0 66.53 58.87

elgi rubber 0903 10.7 7.28 56.4 15.31 5.76 7.91 0912 15.84 4.69 1.23 192.86 0.43 -11.65 8.22 12.74 5.5 19.12 87.95 57.75

Goodricke Group 0812 21.6 23.75 293.19 23.97 17.59 36.61 0912 169.76 45.27 24.82 178.25 29.76 10.1 139.15 195.8 51.7 7.17 300.56 74

Guj. reclaim 0903 1.33 36.71 130.55 18.38 13.54 320 0912 37.31 -1.27 3.97 -16.77 95.81 29.22 747.4 840 288 6.61 99.4 46.8

Harr. Malayalam 0903 18.45 4.64 287.26 42.46 6.04 91.45 0912 83.79 20.25 6.36 631.03 6.79 16.46 134.75 147.6 33 70.55 248.75 50.3

indag rubber 0903 5.25 32.29 76.27 3 7.62 51.31 0912 31.04 55.98 2.87 115.79 21.93 21.18 99.65 102.5 17.65 4.55 52.32 80.59

Jay Shree tea 0903 10.68 11.15 414.67 55.1 13.88 152.71 0912 141.1 -3.96 33.22 1158.33 70.89 18.52 332.9 417.4 73.65 5.22 371.85 40.34

Joonktolle tea 0903 3.23 1.31 35.94 24.53 0.8 192.97 0912 16.22 24.01 5.05 128.51 21.08 14.74 162.85 204.9 107 12.32 52.6 83.7

Mahalaxmi rubtec 0903 8.82 11.16 81.51 373.34 2.15 33.31 0912 14.18 -17.61 0.52 940 2.54 86.63 91.7 100 13.05 36.1 80.88 71.33

Pix transmission 0903 10.54 -11.9 178.84 16.39 -3.99 30.17 0912 48.01 1.05 1.47 -182.12 1.39 19.69 58.15 63.4 15 0 61.29 55

tata coffee 0903 18.68 5.79 310.84 3.26 18.64 162.07 0912 76.46 17.45 13.98 14.31 13.66 12.01 362.6 443 137.65 33.17 677.34 57.48

tata tea 0903 61.84 8.94 1361.53 19.99 159.06 287.43 0912 447.44 18.14 36.75 -23.91 59.34 12.07 951.05 1075 514.1 36.83 5881.29 35.27

Warren tea 0903 10.71 20.02 168.74 27.13 14.63 75.06 0912 68.71 14.29 17.89 60.74 50.11 8.46 158.1 251.45 65.2 5.29 169.33 83.51

Plastic products

astral Poly 0903 11.24 16.68 192.73 41.91 14.19 81.43 0912 67.81 51.77 6.27 344.68 17.82 54.35 184.25 205.8 30.7 8.84 207.1 63.81

caprihans india 0903 13.13 3.74 158.09 28.36 3.35 68.63 0912 41.15 12.62 1.77 92.39 4.08 3.9 53.7 57.1 17.5 9.54 70.51 68.6

ePc inds. 0903 9.5 0 62.29 43.56 -1.52 0.36 0912 17.8 -15.2 0.17 -87.68 3.13 15.59 49.85 68 16.3 17.68 53.34 26.44

Jain irrigation 0903 72.38 12.9 2381.52 28.66 120.18 124.73 0912 630.87 18.61 57.36 3.09 22.06 38.92 974.35 1000 321.05 47.72 7406.03 31.05

kalpena inds. 0903 11.55 35.24 602.97 33.52 21.85 61.97 0912 181.88 56.98 8.26 83.15 23.18 55.03 118.25 164.9 48 5.1 136.58 74.31

kemrock inds. 0903 11.01 13.66 363.37 65.21 31.82 233.63 0912 105.32 46.32 10.13 182.17 24.87 68.18 448 474 107 12.31 493.25 34.86

Mah. Polybutenes 0903 15.59 11.16 43.91 7.02 2.91 10.01 0912 17.21 47.09 1.07 78.33 6.32 39.47 113 311 45 36.57 176.17 66.45

Manjushree tech. 0903 13.55 13.26 105.75 43.41 7.49 43.88 0912 35.38 44.35 2.63 32.83 7.08 27.27 44.9 60.25 12.23 6.34 60.84 55

Mayur Uniquote 0803 5.21 23.4 90.23 36.18 5.11 46.45 0912 45.11 76.97 5.77 239.41 29.77 18.63 134.45 143.3 21.8 4.56 72.74 74.96

nilkamal Ltd 0903 12.78 2.91 892.73 18.05 6.1 165.41 0912 248.46 30.07 16.76 -709.45 31.42 23.47 252.2 285 44.2 8.13 322.31 71.25

Plastiblends (i) 0903 6.5 16.13 167.3 6.44 11.77 117.23 0912 57 59.44 2.11 298.11 16.35 17.76 143.45 165 78 8.77 93.24 56.53

Precision Pipes 0903 14 8.51 127.42 1.03 11.54 99.79 0912 43.05 40.59 3.55 96.13 7.29 18.05 88.15 100.9 27.3 12.09 123.41 62.95

responsive ind 0903 21.94 26.74 427.06 14.87 26.6 54.65 0912 168.74 98.85 8.92 62.18 14.25 539.27 877.2 877.2 383.65 65.22 2174.58 67.33

Supreme inds. 0906 25.41 36.54 1651.93 26.08 97.39 112.29 0912 484.14 37.77 35.92 -2510.74 56.8 15.71 478.35 514 99 8.42 1215.49 48.89

time technoplast 0903 20.93 14.43 523.73 11.15 58.25 20.48 0912 160.21 33.33 15.99 39.29 2.35 33.31 46.4 56.9 23.5 11.78 970.69 62.09

V i P inds. 0903 28.26 10.02 512.89 -6.78 9.31 48.95 0912 166.6 30.56 14.5 -1711.11 14.2 13.81 276 293.7 32.7 16.97 779.98 43.44

Wim Plast 0903 6 15.56 93.93 29.77 8 90.33 0912 36.82 57.01 4.78 128.71 26.63 2.18 169.8 183.95 47 6.38 101.88 74.88

Power Generation & Distribution

BF Utilities 0809 18.83 0.02 19.45 -34.13 4.63 58.51 0912 2.79 13.88 -1.5 -39.27 3.76 14.53 944.15 1479 268 334.8 3555.67 66.1

ceSc 0903 125.6 12.87 3088.23 9.17 409.69 266.85 0912 779 3.59 102 4.08 34.17 5.39 396.35 452 191.5 11.6 4952 52.49

energy Devl.co. 0903 27.5 16.26 117.24 78.34 16.78 36.46 0912 6.43 -64.65 2.53 -57.83 2.56 74.29 56.95 82.3 38 19.71 156.61 56.36

Guj inds. Power 0903 151.25 7.35 1154.99 23.46 85.32 78.24 0912 236.27 -26.07 28.81 233.06 6.59 9.15 107.2 133 40.5 16.22 1621.4 58.21

GVk Power infra. 0903 140.58 1.04 26.13 2.83 21 12.37 0912 11.33 74.58 6.58 99.39 0.12 29.66 42.75 53.75 19 328.85 6751.08 54.25

indowind energy 0906 47.74 8.92 60.94 138.14 11.46 26.97 0912 5.16 -29.7 3.03 98.04 3.35 7.84 48.7 68.9 18 14.89 238.44 48.24

JP Power Ven. 0903 491 13.57 294.03 -4.42 142.86 21.9 0912 114.17 106.72 16.86 -61.68 2.35 -0.4 67.95 103.7 27.15 98.48 14240.15 63.34

neyveli Lignite 0903 1677.71 8.87 3360 12.5 821.09 56.44 0912 1251.73 50.1 371.11 65.49 6.08 3.49 159.15 177.7 71.6 26.05 26700.75 93.56

ntPc 0903 8245.5 14.4 41975.2 13.17 8201.3 72.66 0912 11183.73 -0.83 2364.98 5.07 10.71 17.34 202.75 241.7 173.6 18.95 167176.7 89.5

Power Grid corpn 0903 4208.84 11.82 6579.81 42.58 1690.61 35.28 0912 1525.41 3.25 487.84 31.02 5.01 23.8 108.3 128.35 88.5 21.62 45581.74 86.36

reliance infra. 0903 226.07 10.19 9836.45 59.89 1138.88 460.82 0912 2235.14 -15.57 277.13 10.33 55.28 22.89 1024.15 1404.45 471.25 18.6 23188.8 37.75

Surya chak.Pow. 0903 76.63 1.08 136.09 27.43 1.47 17.93 0912 49.8 43.56 0.75 240.91 0.27 14.22 18.05 24.35 8.26 62.24 138.32 51.37

tata Power co. 0903 221.44 8.24 7281.68 22.65 922.2 382.06 0912 1527.8 -12.27 147.89 28.51 47.68 11.45 1357.05 1518.55 652 30.3 32204.15 31.05

Page 37: magazine April 2010

april 2010[ 36]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT Growth

%

TTM

eps

CAGR

Sales % CMP

52 Week

H

52

Week L

Latest

P/E Market Cap

Promoter

Holding

ready made Garments/appearel

Gokaldas exports 0903 17.19 0.75 1093.4 9.06 3.37 128.85 0912 266.31 -2.65 0.53 -103.41 5 94.67 152.9 193 42.5 30.58 525.67 88.27

House of Pearl 0903 19.5 2.98 22.79 51.13 9.17 159.96 0912 6.06 -45.36 -2.79 -432.14 0 218.07 84.25 127.95 40.6 0 164.29 66.23

kewal kir.cloth. 0903 12.33 9.74 144.58 -9.41 14.26 122.71 0912 38.73 10.31 6.36 109.21 23.23 45.03 250.35 285.85 91.5 10.79 308.68 74.06

kitex Garments 0903 4.75 29.22 182.39 3.57 9.96 8.08 0912 65.48 21.53 6.85 29.98 4.21 37.97 25.8 31.1 3.7 6.11 122.55 54.99

koutons retail 0903 30.55 20.54 1046.68 31.91 79.56 139.18 0912 269.38 17.65 15.8 18.62 28.39 97.57 342.7 485 276.4 12.07 1046.95 65.8

Page industries 0903 11.15 38.53 254.65 32.39 31.63 77.87 0912 89.75 33.28 8.99 0 31.59 32.45 782.45 890 321.3 24.75 872.43 61.87

richa industries 0903 17.01 14.27 147.5 51.19 8.09 35.77 0912 57.15 65.03 2.64 151.43 5.94 57.87 38.1 161.8 29.5 6.63 64.5 69.07

Zodiac cloth. co 0903 8.39 13 266.7 16.85 15.13 140.29 0912 68.15 -5.16 5.92 107.72 24.91 12.43 400 458.8 157.1 16.06 335.6 60.68

Realty

ackruti city 0903 66.7 29.13 399.56 -9.29 263.78 154.95 0912 204.08 -19.41 78.6 -59.11 18.65 68.68 546.35 2364.25 325.9 36.4 3974.15 82.49

ahluwalia contr. 0903 12.55 38.35 1164.08 32.27 57.71 28.17 0912 424.28 44.77 24.87 94.3 10.69 34.87 208.4 212.8 29.55 15.45 1307.71 74.53

alchemist realty 0903 14.82 3.54 101.56 29.31 1.03 3.88 0912 26.8 -29.27 0.42 121.05 0.14 189.43 12.53 22.2 10.55 83.53 92.85 42.3

anant raj inds 0903 59.02 11.93 413.78 -23.11 365.84 109.74 0912 80.13 13.53 65.1 -0.91 7.01 70.57 134.75 163.9 37.65 17.3 3976.47 61.35

B.L.kashyap 0903 10.27 17.96 1462.07 -5.51 78.84 232.17 0912 272.76 -23.49 10.73 -33.72 14.16 56.2 337.4 516.2 104.7 24.1 693.02 71.08

Brigade enterpr. 0903 112.25 8.64 349.79 -24.07 83.05 88.63 0912 57.24 -41.2 5.93 169.55 0.06 35.44 138.8 187 33.5 266.92 1558.03 57.54

c & c constrn. 0906 18.26 12.49 750.13 40.67 41.1 191.25 0912 280.66 71.2 19.64 132.43 28.9 35.6 243.5 283.9 92.25 8.43 444.63 70.29

c c c L 0903 36.96 14.39 1755.86 21.25 69.06 137.74 0912 450.92 4.48 21.22 62.48 4.36 80.2 80.1 97.2 21 18.46 1484.25 50.6

era infra engg. 0903 28.71 29.61 2349.75 62.1 202.61 61.23 0912 891.19 45.14 57.24 85.36 22.37 84.65 224.2 226 66.6 13.99 4013.18 57.91

Gammon india 0903 17.69 12.17 3660.1 55.35 140.48 138.62 0912 1014.54 55.21 20.87 309.22 12.49 26.73 223.7 276 55.6 16.07 2693.35 23.41

Gayatri Projects 0903 10.1 20.93 1004.59 33.53 41.32 213.61 0912 333.93 30.22 15.35 43.59 42.43 26.22 399.35 472.1 45 8.97 443.28 54.9

HB estate Devel. 0903 12.31 11.45 17.55 932.35 14.96 82.3 0912 0.82 -88.69 1.23 -74.48 9.4 30.15 42.25 82.2 21 5.59 54.38 63.01

Hind.construct. 0903 25.63 8.29 3313.7 7.49 125.35 38.61 0912 902.58 10.15 14.76 -36.38 3.38 25.65 137.5 162.2 33.2 39.63 4169 39.86

itD cem 0812 11.52 -1.26 956.6 22.09 5.5 303.68 0912 264.22 -0.7 0.13 -72.34 4.71 11.14 194.9 247.3 69.15 41.47 224.52 69.57

iVrcL infra. 0903 26.7 13.25 4983.09 34.75 225.97 135.41 0912 1181.55 -0.46 45.82 -1.5 7.85 45.15 168.75 212.4 55.05 21.5 4505.63 9.73

JMc Projects 0903 18.14 21.6 1308.98 43.06 36.76 98.29 0912 336.7 8.73 8.21 42.78 17.74 48.1 162.65 202 53.59 9.64 354.09 55.63

JP associates 0903 236.76 16.87 5768.76 45 897.01 52.27 0912 2852.37 113.76 103.02 -38.9 9.14 18.79 153.4 180 51.57 37.23 32591.36 46.07

knr construct. 0903 28.12 17.84 649.61 35 43.66 93.65 0912 174.2 17.54 17.86 37.92 17.52 36.38 157.7 160 33.2 9 443.45 73.27

kolte Patil Dev. 0903 75.37 6.9 141.4 -61.03 70.68 85.71 0912 13.17 -54.11 2.43 -69.28 3.08 46.31 54.8 76 18.5 17.56 413.63 74.63

Madhucon Proj. 0903 7.4 9.12 1025.43 38.95 46.91 144.87 0912 280.26 86.29 10.88 -21.5 13.99 27.75 154.7 197.55 25.28 26.09 1141.69 57.66

Mahindra Life. 0903 40.81 5.21 165.4 -3.9 46.36 217.34 0912 108.91 95.71 27.93 146.95 17.07 18.3 398.45 424.8 109.7 22.27 1626.07 51.08

Maytas infra 0903 58.85 0 1316.81 -19.15 -489.79 27.71 0906 207.98 -55.21 -16.28 -150.31 12.44 45.17 186.05 211.8 32.15 0 1094.9 37.01

MSk Projects 0903 22.82 8.93 353.5 88.25 23.7 120.92 0912 120.61 30.07 10.55 130.85 14.51 36.95 152.55 153.65 36.5 10.52 348.12 21.68

nag. constructn. 0903 45.77 9.45 4136.69 19.68 153.86 73.65 0912 1186.54 16.09 47.86 31.95 7.05 40.43 158.6 183.8 45.2 24.18 4068.88 20.23

niraj cement 0903 10.34 8.65 140.41 52.34 7.33 114.81 0912 49.6 23.26 2.16 75.61 6.52 34.06 52.75 88.5 13.55 8.09 54.54 39.9

omaxe 0903 173.57 6.2 699.78 -60.9 78.12 74.63 0912 221.64 46.61 27.66 463.34 2.8 19.81 93.45 136.6 41.65 96.34 1622.01 89.14

P B a infra. 0903 13.5 15.02 364.3 -1.59 10.47 67.13 0912 100.86 -0.7 4.43 -15.62 11.11 24.9 68.05 84 23 6.12 91.87 63.29

Patel engg. 0903 5.97 19.13 1784 34.13 174.34 163.96 0912 416.3 31.27 29.98 13.52 25.56 36.37 446.25 526 117.4 20.01 3114.82 45.47

Peninsula Land 0903 55.9 14.99 541.65 56.88 149.52 37.83 0912 251.76 124.73 88.88 220.29 8.67 -3.31 75 100.9 19.55 7.98 2094 53.65

Pratibha inds 0903 16.69 21.89 746.25 56.81 44.73 134.64 0912 222.02 35.9 10.98 5.88 28.61 63.53 363.1 374.4 59.55 12.7 606.01 61.53

Punj Lloyd 0903 60.7 12.81 6852 52.43 321.1 85.8 0912 2116.6 18.2 117.49 31.52 9.1 42.84 173.9 298.8 75.6 19.99 5774.35 37.4

Puravankar.Proj. 0903 106.71 10.71 444.9 -21.37 132.95 61.47 0912 111.71 40.75 25.8 75.63 5.33 42.34 102.75 136.5 39.5 19.28 2193.51 89.96

roman tarmat 0903 10.96 2.15 149.83 17.17 2.24 95.2 0912 24.83 -24.53 0.08 -96.06 2.6 27.19 47.5 72.05 24.15 83.33 52.06 62.35

Sadbhav engg. 0903 12.5 20.11 1060.92 18.83 63.3 274.8 0912 314.99 11.37 14.11 4.6 51.77 35.98 1273.5 1394.7 280 24.6 1591.88 47.55

Satra Properties 0903 31.07 1.51 105.88 -45.49 1.67 4.64 0912 5.62 -67.29 -10.91 -570.26 0.04 295.08 14.37 29.75 11.45 0 223.24 63

Sharyans reso. 0903 14.87 1.3 5.45 -76.27 2.06 106.48 0912 0.34 -81.62 -0.16 -134.78 0.82 29.1 100.9 122 46.1 132.76 150.04 55.36

Shristi infra 0903 22.2 4.7 87.69 2.41 0.63 12.59 0912 28.24 190.24 0.23 -74.44 0.35 172.84 192 464.5 172.25 0 426.24 49.33

Simplex infra 0903 9.93 14.59 4653.72 65.72 120.8 177.45 0912 1065.02 -16.06 23.08 -8.59 21.54 48.64 437.55 563 124 20.31 2163.68 54.74

Simplex Projects 0903 12 15.13 316.62 38.26 19.91 117.1 0912 102.91 36.43 8.96 82.11 21.25 39.16 209.65 255 39.1 11.79 264.16 55.54

Simplex realty 0903 2.99 143.5 119.77 111.42 82.68 325.08 0912 2.29 -98 1.69 -97.81 60.1 15.9 226.6 399.9 120 3.78 67.98 46.4

Subhash Projects 0903 8.19 15.9 1257.22 7.74 53.17 87.55 0912 250.98 -21.37 7.37 -50.1 6.76 59.82 138.4 171.2 43 14.71 507.24 58.56

tantia const 0903 15.57 16.71 449.35 24.3 17.26 70.73 0912 110.34 3.33 5.62 120.39 18.88 32.66 119.3 159 30.15 6.32 185.75 51.34

Unity infra. 0903 13.37 18 1130.79 33.1 69.65 312.83 0912 401.53 36.59 24.4 34.44 58 41.28 585.7 648.8 69.5 10.86 868.01 62.72

Valecha eng. 0903 17.93 7.11 606.37 21.88 14.5 117.5 0912 146.22 6.89 3.85 56.5 16.06 38.94 106.4 127 23.1 11.12 190.78 47.22Zandu realty 0903 8.06 30.3 87.29 -35.93 15.25 285.48 0912 0 -100 0.93 -373.53 475.54 -4.33 4146.45 12800 3975 9.8 334.2 52.77

Refineries

B P c L 0903 361.54 6.18 134073.42 21.65 735.9 335.46 0912 32161.24 0.87 379.09 -52.6 127.83 22.89 522.35 658 329.15 4.23 18885.04 54.93

c P c L 0903 149 -12.16 32162.9 14.24 -397.28 205.85 0912 6856.95 21.63 220.36 -117.35 62.88 29.75 276.65 280.5 87.5 4.4 4120.43 67.29

essar oil 0903 1218.13 0 38106.35 5745.16 -513.51 28.66 0912 10146 19.45 -226 -81.63 6.94 194.18 139.15 194 70.8 34.53 17580.91 18.14

H P c L 0903 339.01 5.23 125669.34 19.44 574.98 316.53 0912 27661.93 -5.87 31.4 -107.44 170.83 19.52 320.8 425 236.5 1.93 10885.71 51.11

i o c L 0903 1192.37 6.93 306548.87 24.24 2949.55 368.82 0912 69708.21 -0.96 696.59 -76.46 46.49 21.23 301.8 395 189.5 6.49 73275.53 78.92

M r P L 0903 1752.64 28.08 38279.2 17.54 1192.54 26.93 0912 9147.4 21.41 259.54 -190.94 8.37 27.46 75.1 102.2 39 8.97 13164.28 88.57

reliance inds. 0903 1573.53 15.69 141958.99 6.09 15309.32 727.78 0912 56856 92.31 4008 15.77 47.25 22.32 1089.8 1245 660.03 23.22 356400.56 46.57

Sah Petroleums 0903 22 -0.13 252.32 23.08 0.05 25.82 0912 75.66 17.23 0.69 -65.84 1.49 32.25 22.85 30.25 14 0 100.54 86.89

Refractories

iFGL refractor 0903 34.61 15.89 166.78 -2.66 12.69 24.9 0912 48.08 17.53 5.09 91.35 3.3 12.38 53.35 57.5 15.5 16.52 184.64 71.3

Vesuvius india 0812 20.3 17.83 352.58 10.4 30.64 91.05 0912 103.27 25.69 10.12 74.78 18.42 21.25 230.45 245.8 71.75 12.52 467.81 55.57

Retail

Pantaloon retail 0906 34.88 6.83 6661.42 25.78 140.58 128.81 0912 1912.84 25.38 50.67 51.07 8.72 59.03 382.5 455 120 47.69 7885.24 44.73

Provogue (india) 0903 23.28 5.84 351.31 6.28 29.46 57.82 0912 121.49 22.63 9.03 24.9 2.82 68.85 52.3 75.5 29.85 18.61 608.77 42.08

Shoppers' Stop 0903 34.87 0 1400.1 16.01 -63.72 66.85 0912 416.64 13.12 19.21 -193.89 9.69 28.3 384.65 416 94.1 82.72 1341.66 68.51

trent 0903 19.53 3.46 514 -0.32 26.75 310.68 0912 146.84 19.39 15.86 170.19 18.1 27.19 827.5 912 290 69.13 1657.48 32.16

Vishal retail 0903 22.4 0 1393.03 38.57 -94.48 78.88 0912 300.79 -15.38 -120.92 -2192.04 0 73.7 60.2 98.45 28.2 0 134.85 60.22

Ship Building

aBG Shipyard 0903 50.92 21.56 1412.22 46.07 171.1 164.72 0912 492.82 0.8 82.29 78.7 44.78 36.73 263.7 346 73 5.89 1342.76 57.14

Bharati Shipyard 0903 27.57 20.99 1018.83 45.23 133.32 252.81 0912 336.31 31.94 32.94 3.55 50.15 52.97 263.8 352.8 49.6 5.26 727.3 38.95

W i Shipyard 0903 23.42 0 63.01 77.34 -21.44 -12.23 0912 19.12 -0.88 -2.65 -9.56 0 -1.74 12.35 18.22 3.6 0 144.62 7.23

Shipping

chowgule Steam 0903 36.31 26.95 119.03 25.36 23.23 37.17 0912 5.14 -85.46 -1.52 -113.62 12.29 19.34 38.95 63.4 20.8 0 141.43 67.76

essar Shipping 0903 615.81 0.67 1023.2 31.81 107.66 114.17 0912 285.57 21.77 1.77 -85.24 1.26 9.55 71.3 90.5 27 0 4389.8 83.71

Garware offshore 0903 23.82 18.97 162.24 45.44 40.36 96.58 0912 43.4 -4.66 10.29 3.21 17.39 40.64 187.05 230.4 54.15 10.76 445.55 30.68

Ge Shipping co 0903 152.29 24.58 2836.28 9.32 1384.82 323.61 0912 466.93 -33.46 75.3 -68.76 36 15.97 289.2 327.5 165 13.08 4403.94 30.03

Mercator Lines 0903 23.6 17.84 1137.7 41.66 181.1 46.38 0912 133.14 -55.12 5.66 69.97 2.19 36.25 59.85 76.75 24.85 10.75 1412.46 37.96

S c i 0903 423.45 15.89 4166.64 11.8 940.67 146.62 0912 845.43 -24.05 87.44 -52.84 10.43 7.27 158.85 181.9 73.3 16.86 6726.5 80.12

SeaMec Ltd 0812 33.9 15.8 268.59 57.59 47.12 94.92 0912 86.7 -16.96 46.92 -14.02 68.62 24.4 203 254.7 48.2 2.97 688.17 75

Shreyas Shipping 0903 21.96 -6.55 145.98 -13.98 14.99 71.32 0912 21.89 -44.22 -4.97 -11.88 6.04 13.68 32.15 46 18.4 22.48 70.6 73.29

Varun Ship. co. 0903 150.01 11.06 964.66 2.06 122.81 54.22 0912 172.04 -35.51 -1.38 -102.7 1.4 26.92 51.15 70.4 41 0 767.25 46.5

Steel

adhunik Metal 0903 91.23 9.42 1165.06 16.44 30.15 31.98 0912 302.96 31.97 15.95 -187.64 3.17 103.49 122.65 127.5 26 41.58 1465.3 54.02

ajmera realty 0903 35.48 3.89 51.05 -97.26 18.19 90.85 0912 7.21 -98.64 3.86 -61.28 2.14 -35.36 183.1 318.3 27.05 85.56 649.64 62.47

Bellary Steels 0903 73.14 0 35.13 -19.41 -143.61 -9.8 0912 4.68 -36.59 -40.55 12.23 0 46.36 3.13 4.32 1.46 0 228.93 60.95

Bhushan Steel 0903 42.47 23.02 4971.49 19.73 421.3 478.97 0912 1429 42.57 227.43 996.58 165.97 26.21 1717 1772 320 10.35 7292.1 69.15

Bihar Sponge 0903 90.25 0 217.76 11.19 -11.45 -0.2 0912 41.69 -20.55 -1.3 -81.56 0.06 10.98 10.09 14.3 5.16 0 91.06 69.34

Bihar tubes 0903 20.3 2.04 388.7 40.09 0.06 90.49 0912 85.04 12.23 4.79 -215.98 8.02 36.44 102.9 109.35 31.5 20.42 208.78 37.86

Bilpower 0903 10.5 13.49 457.57 46.67 16.11 113.68 0912 125.05 6.37 4.16 1.96 13.52 63.36 168.25 216 86.5 12.45 176.66 38.05

Facor Steels 0903 20.65 0 365.38 -22.1 -5.28 0.95 0912 56.07 -18.68 -0.65 -76.28 0 14.09 2.49 3.83 1.1 0 51.49 66.66

Gandhi Spl. tube 0903 7.35 20.17 56.18 -26.21 15.93 57.67 0912 18.29 151.24 6.77 317.9 15.82 10.32 91.9 110.7 33 6.04 135.09 73.31

Gangotri iron 0903 7.69 5.89 49.88 26.18 1.04 23.64 0912 48.03 388.11 0.39 116.67 1.94 29.38 47.75 48.9 6.91 0 64.03 14.85

Godawari Power 0903 28.07 13.93 1037.88 25.67 57.36 154.34 0912 196.89 -7.01 13.47 -160.62 13.75 57.35 234.4 248 46.8 18.63 657.96 58.97

Goodluck Steel 0903 3.69 29.27 481.86 45.33 12.51 131.87 0912 117.83 4.65 3.17 80.11 6.65 23.8 28.15 45.7 23.6 3.68 52.64 68.69

india Steel 0903 20.43 0 144.65 -40.46 -38 0.36 0912 20.53 373.04 -1.38 -94.53 0 23.94 5.96 8.11 3.62 0 121.76 55.08

iSMt 0903 73.25 10.48 1301.58 9.12 56.23 35.93 0912 304.13 0.66 15.07 -22.84 4.77 23.1 51.35 64.9 16.5 10.77 752.28 51.18

ispat inds. 0903 1221.65 0 8263.99 -0.71 -688.11 -1.12 0912 2104.7 91.07 18.87 -102.9 0.01 18.12 19.45 28.6 9.7 0 2377.65 41.13

Jai Balaji inds. 0903 47.11 0.31 1702.66 30.09 1.28 75.21 0912 452.07 26.45 6.82 -111.93 3.67 69.4 239.15 300 71.05 96.43 1525.3 50.75

Jai corp 0903 17.85 1.82 375.64 22.04 28.25 144.79 0912 96.23 17.94 15.59 4.84 2.41 16.48 273.5 349.8 75.75 86.01 4881.98 72.99

Jindal Saw 0812 52.12 16.26 4874.98 -26.08 342.33 426.1 0912 1371.04 -11.44 170.1 96.31 20.66 50.66 222.95 224.8 30.8 11.08 6099.91 46.43

Jindal Steel 0903 15.47 33.73 7671.16 43.34 1536.48 348.23 0912 1757.57 -1.26 325.62 0.14 13.86 43.54 692.55 778 187.02 50.08 64490.26 58.58

Page 38: magazine April 2010

april 2010 [37]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net Sales

Growth

Reported

Net Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth %

TTM

eps

CAGR

Sales % CMP

52 Week

H

52

Week L

Latest

P/E

Market

Cap

Promoter

Holding

JSL 0903 32.43 -37.04 4888 -3.39 -579.82 79.58 0912 1397.93 66.13 101.22 -126.75 15.95 16.46 106.35 131.7 33.15 0 1724.47 45.93

JSW Steel 0903 248.08 12.34 14006.59 22.96 458.5 309.19 0912 4587.66 64.7 514.23 -503.32 70.63 34.01 1242.5 1251.85 180.35 17.3 23240.96 45.02

kalyani Steels 0903 43.69 -1.49 968.45 4.14 3.31 118.05 0912 328.01 160.66 13.58 -257.18 6.16 16.17 213.9 244.5 36.1 106.95 933.67 59.85

kanishk Steel 0903 28.47 7.7 373.52 -9.35 5.32 24.89 0912 128.17 105.66 0.41 -63.39 0.88 29.28 19.6 31 13.57 35.64 55.8 70.14

kirl. Ferrous 0903 68.65 2.66 699.37 -3.75 7.95 21.65 0912 205.92 38.01 12.94 -185.58 3.31 13.27 33.3 41.75 9 10.06 457.21 59.09

Lanco inds. 0903 39.76 15.5 644.72 39.05 18.35 31.5 0912 186.37 7.47 20.44 422.76 12.75 25.1 63.45 72.6 14 4.98 252.28 49.79

Lloyd Steel inds 0903 211.15 0 2605.51 18.18 -164.85 -31.17 0912 728.82 10.29 39.17 -134.41 4.19 27.45 15.11 15.49 3.92 0 340.14 18.51

Lloyds Metals 0903 22.43 20.64 523.47 58.77 28.44 7.38 0912 104.3 -43.7 -0.9 -94.5 0 24.38 29.5 38.95 15.5 0 328.33 47.78

M U S c o 0903 32.48 -10.55 1074.51 16.74 -18.83 52.04 0912 276.94 45.7 2.07 -111.9 1.23 24.68 68.25 72 19.65 0 221.68 55.53

Mah. Seamless 0903 35.27 21.46 2047.29 37.29 257.84 185.71 0912 370.55 -35.84 72.18 12.62 38.73 33.04 359.85 392.5 125.25 9.29 2538.38 53.62

Man inds. 0903 26.64 12.25 1858.88 28.48 47.43 76.55 0912 439.31 -3.78 30.92 1049.44 10.57 35.93 76.25 78.8 22.1 7.21 406.26 48.13

Monnet ispat 0903 47.96 18.19 1549.8 33.79 216 268.19 0912 372.19 -6.97 68.01 103.01 50.8 44.37 418.15 449.95 145.15 8.23 2005.45 39.32

MSP Steel & Pow. 0903 58.1 26.67 405.42 12.65 39.89 29.13 0912 94.42 1.36 8.1 64.3 4.44 140.3 36.75 44.5 14.7 8.28 213.52 71.8

Mukand 0903 73.12 -26.66 1934.12 0.77 -188.71 61.97 0912 471.53 21.4 15.18 -128.5 6.27 13.24 61 71.5 20 0 445.97 53.77

natl. Steel&agro 0903 32.6 -55.87 2120.93 -1.55 -89.09 36.06 0912 651.7 50.55 4.11 -104.48 2.51 17.13 22.8 26.8 8.02 0 74.33 42.36

odyssey corpn. 0803 5 11.08 56.8 505.54 1.28 24.4 0912 1.7 2328.57 0.76 -1620 1.64 293.77 84 86.5 18.5 171.43 141.88 24.8

oil country 0903 44.29 63.09 420.29 23.81 64.94 29.69 0912 29.22 -75.75 3.26 -86.56 12 33.45 108.05 144.6 33.45 9.01 478.55 38.22

orissa Sponge 0903 27 0 188.83 70.9 -27.2 82.93 0912 41.82 45.41 -10.92 5.51 0 12.12 354.4 400 271.1 0 956.88 49.13

Panchmahal Steel 0903 13.99 -13.92 468.77 -7.27 -13.19 40.11 0912 77.19 -34.04 6.65 -204.4 8.14 15.6 170 180 27.5 160.38 238 85.78

Panyam cement 0903 16.02 70.14 190.34 16.74 34.47 -2.15 0912 25.83 -35.6 0.08 -98.98 30.75 28.47 110.7 146.15 84.55 7.65 177.34 50.57

Pennar inds. 0903 63.24 26.19 653.28 16.61 38.09 11.99 0912 195.49 29.54 13.6 42.86 11.53 30.56 34.6 38.65 15.5 9.4 437.62 36.96

PSL 0903 42.58 14.39 3161.78 54.69 85.93 147.61 0912 711.76 -27.02 20.37 -17.46 17.8 30.85 148.15 188.4 62.6 10.14 792.01 39.25

rajratan Global 0903 4.35 14.21 144.67 36.83 5.73 98.69 0912 38.01 16.74 2.51 422.92 14.62 18.39 167.5 203 49 11.46 72.86 62.28

ramsarup inds. 0903 35.08 -21.22 1973.35 8.18 -75.01 92.57 0912 605.29 29.37 13.96 -113.84 8.5 27.42 71.4 94 22.95 8.45 250.47 79.82

ratnamani Metals 0903 9 27.83 955.21 13.03 71.2 63.17 0912 160.54 -15.84 17.35 161.3 16.12 51.75 106.45 121.4 33 6.74 489.14 58.38

remi Metals Guj. 0903 35.06 0 291.92 -12.77 -35.32 -2.47 0912 98.98 56.71 -12.42 50.91 0 55.37 24.15 50.05 18.65 0 141.12 85.08

ruchi Strips 0903 29.37 0 552.97 23.33 -21.58 5.29 0912 146.61 104.76 0.43 -103.04 0.39 17.69 13.24 20.71 5.12 0 51.54 32.84

S a i L 0903 4130.4 24.19 43700.8 9.89 6174.81 67.75 0912 9697.14 11.15 1675.55 98.68 14.9 15.51 247.15 258.3 82 16.62 102082.84 85.82

Saraswati indl. 0909 7.37 16.05 1687.45 31.29 51.13 462.05 0912 350.35 16.57 18.01 745.54 90.51 42.87 1261.85 1484 500 13.88 929.98 56.47

Sarda energy 0903 34.05 26.93 954.82 53.68 123.24 150.76 0912 153.72 -29.29 34.21 368.63 12.46 52.09 191.15 248.35 59.05 25.59 650.87 70.07

Sathavaha. ispat 0903 31.83 8.32 545.31 55.15 13.12 50.45 0912 73.56 -31.4 6.27 604.49 4.88 33.4 41.25 50.95 15.85 0 137.77 36.2

Steel exchange 0903 32.91 5.16 672.5 10.47 4.79 32.11 0912 140.22 -11.06 3.06 -136.56 3.23 21.8 39.3 46.5 11.33 12.2 129.34 40.23

Sujana Metal Prd 0809 31.63 8.48 1905.44 153.75 38.22 47.29 0912 552.14 72.41 6.56 41.08 4.63 35.93 26.9 39.8 5.54 14.23 455.58 31.01

Sunflag iron 0903 162.2 14.01 1099.98 11.17 43.6 20.23 0912 359.55 59.11 29.29 1554.8 12.87 18.85 31.1 34 11.2 6.37 504.44 49.04

Suraj Stainless 0903 17.01 12.18 229.43 -16.18 5.8 28.81 0912 51.14 -21.13 5.76 -174.32 8.71 28.1 65.45 147 61 7.51 111.33 71.66

Surana inds. 0903 20.15 14.19 871.13 8.9 32.49 118.59 0912 234.41 21.56 6.92 156.3 18.47 24.09 257.35 276.4 42.6 18.77 698.71 61.31

Surya roshni 0903 26 11.28 1474.98 17.14 21.54 75.93 0912 495.86 35.31 7.21 98.62 10.26 13.77 77.75 93.7 23.3 8.11 216.38 24.13

tata Metaliks 0903 25.29 0 1005.81 -2.5 -148.74 17.28 0912 275.48 58.04 20.34 -109.32 22.12 48.21 148.8 166.7 47.5 9.17 376.32 50.04

tata Sponge iron 0903 15.4 40.68 609.34 33.8 120.66 227.08 0912 123.04 -6.64 20.33 190.84 40.72 28.36 370.65 415 111 9.1 570.8 43.89

tata Steel 0903 730.79 21.88 24348.52 23.9 5201.74 338.04 0912 6307.48 32.77 1191.75 155.61 54.65 17.87 643.65 661.7 170.05 13.15 57105.27 31.25

technocraf.inds. 0903 31.53 1.94 418.33 32.24 6.89 113.26 0912 101.97 -11.98 3.87 -155.29 8.57 11.33 45.7 72 18.05 7.21 144.09 74.97

Usha Martin 0903 25.09 15.3 2108.73 28.64 146.55 40.5 0912 439.85 -14.25 18.42 -31.11 2.72 22.5 93.9 101.8 21.55 42.3 2861.13 46.16

Uttam Galva 0903 113.97 13.06 4371.64 38.53 100.17 72.29 0912 1091.68 -0.98 17.25 221.23 10.39 30.33 110 142 27.6 10.66 1344.86 44.22

Varun inds. 0903 22.11 3.38 1181.3 39.99 12.82 171.82 0912 326.58 20.75 9.47 171.35 10.1 29.6 163.95 199.6 19.7 16.23 362.49 65.35

Vikash Metal 0903 35.12 7.46 593.22 78.99 6.51 25.59 0912 152.37 23.54 0.57 42.5 0.6 142.87 14.67 24.15 5.81 22.92 51.52 58.95

Visa Steel 0903 110 0 1041.53 54.53 -66.81 25.47 0912 251.67 55.06 12.14 -149.05 2.8 70.97 42.85 50.2 15.4 0 471.35 72.73

Welsp.Guj.Stahl 0903 93.25 14.79 5715.15 48.14 233.57 84.71 0912 1520.38 4.38 127.71 181.86 24.29 47.18 283.05 296.35 66.3 12.61 5775.35 40.46

Zenith Birla 0903 40.07 7.02 557.62 27.06 15.46 56.24 0912 152.7 -5.92 4.58 24.8 4.36 7.4 20 32.6 10 4.59 80.14 33.55

Stock/ Commodity Brokers

emk.Global Fin. 0903 24.28 -4.61 89.11 -31.89 -5.96 52.03 0912 31.76 99.37 3.83 -163.62 3.52 46.73 78.15 97 25.5 25.21 190.06 72.02

Geojit BnP 0903 22.34 5.63 157.78 -21.77 14.52 12.29 0912 66.71 110.18 12.57 11327.27 2.24 33.93 34.75 52.5 18.1 15.58 781.53 63.38

indbank Merchant 0903 44.38 -12.53 10.78 -77.63 -7.23 11.75 0912 2.75 180.61 -1.05 8.25 0.68 -1.56 15.71 21.4 7.25 0 69.77 64.84

india infoline 0903 56.68 10.09 571.53 -13.08 105.83 36.58 0912 210.52 87.78 52.13 150.26 5.07 130.1 120.75 173.25 49.25 23.96 3443.79 33.75

indiabulls Fin. 0903 50.73 5.83 1780.9 34.34 190.17 120.25 0912 291.81 -25.16 57.12 57.4 6.17 350.48 102.85 224.2 87 17.26 3186.81 24.32

Sugar

Bajaj Hind Sugar 0909 11.8 0 362.61 20.2 -8.93 28.29 0912 113.24 32.48 1.29 -103.26 5.28 49.78 20.05 42.95 10.21 7.4 236.59 75

Bajaj Hindusthan 0909 17.69 8.59 1596.42 -8.78 156.24 128.59 0912 615.4 70.97 85.2 -252.31 19.43 26.26 146.5 242.9 42.6 9.48 2804.01 37.07

Balrampur chini 0909 25.68 20.6 1719.94 18.16 226.51 45.76 0912 433.6 1.13 76.55 49.25 9.83 19.93 94.75 167.3 44.25 9.73 2449.29 36.44

Bannari amm.Sug. 0903 11.44 23.54 698.84 33.18 119.83 484.39 0912 247.4 14.62 57.82 70.76 133.83 8.38 914.55 1535 603 5.59 1046.25 54.72

DcM Shriram inds 0903 17.4 17.92 803.55 45.47 28.78 99.43 0912 171.5 -10.89 7.64 -9.48 34.14 6.85 99.6 188 45.1 2.92 173.3 42.1

Dhampur Sugar 0909 52.78 12.03 945.55 42.92 56.19 92.8 0912 332.05 23.98 57.78 322.68 18 15.96 79.35 158.6 25.5 4.47 427.7 43.83

Dharani Sugars 0903 25.39 21.43 217.06 9.33 10.06 19.86 0912 246.61 355.08 18.74 792.38 25.04 21.64 50.75 129 17.4 2.03 128.85 47.48

Dwarikesh Sugar 0909 16.31 15.88 468.81 75.53 25.08 87.3 0912 165.16 35.1 33.44 631.73 33.92 26.79 84.2 134.8 36.75 2.55 137.33 48.01

eiD Parry 0903 17.22 14.57 755.57 22.57 691.96 111.9 0912 351.66 370.57 34.05 -306.99 22.2 6.16 334.85 419 129.2 14.92 2891.43 47.48

empee Sugars 0903 41.97 3.05 46.98 -22.4 0.96 8.44 0912 6.1 -28.24 2.05 -447.46 0.55 -4.79 28.9 33.5 6.23 15.05 121.29 73.24

GMr inds. 0903 19.96 -4.81 126.84 -16.85 0.61 56.64 0912 31.34 30.26 -16.09 648.37 0.13 -12.42 102 160.75 69.4 0 203.59 74.85

Jeypore Sug.co 0903 4.53 5.24 178.89 -7.72 2.99 128.65 0912 60.89 27.81 7.58 -971.26 78.08 -0.82 195.25 358 74 2.49 88.45 44.79

kcP Sugar &inds. 0903 11.34 7.27 180.09 -20.02 11.33 13.83 0912 60.65 -4.23 3.09 143.31 2.93 -2.75 21.85 33.4 12 7.61 247.78 37.27

kesar enterprise 0906 6.79 22.61 223.95 -0.73 9.04 61.8 0912 85.05 33.94 11.83 721.53 39.28 4.68 121.05 151.55 34 3.08 82.19 54.8

kM Sugar Mills 0809 18.4 0 312.97 149.68 -12.15 15.49 0912 34.81 -7.49 4.78 -188.85 8.01 19.89 34.05 53 7.75 4.24 62.65 67.94

oudh Sugar Mills 0906 22.05 16.07 574.81 74.71 19.17 62.45 0912 67.26 -60.76 -8.68 -157.03 5.82 9.73 46.05 85.75 32 219.29 119.36 54.59

Ponni Sug.erode 0903 8.6 29.96 136.53 -2.96 12.26 54.42 0912 89.63 150.36 17.73 515.62 46.38 11.23 101.65 175 25.1 2.19 87.42 45.04

rajshree Sugars 0903 22.69 20.97 351.25 5 22.28 51.15 0912 209.26 147.53 19.29 931.55 15.03 16.85 52.65 119.65 42.75 3.53 119.46 32.48

rana Sugars 0809 76.59 -26.88 196.82 -15.35 -42.85 21.72 0912 160.79 127.55 29.94 -482.38 3.56 16.07 11.72 18.11 6.75 7.19 164.51 19.62

Sakthi Sugars 0812 31.37 -7.88 1175.3 57.07 -79.55 37.99 0909 414.84 113.1 43.34 1897.23 31.04 30.63 65.15 110.4 21.5 3.39 239.75 35.85

SBec Sugar 0906 47.69 14.43 294.01 7.71 7 7.61 0912 40.58 27.41 6.6 -389.47 4.61 24.06 15.6 29.95 7.2 5.15 74.58 54.35

Sh.renuka Sugar 0909 31.69 15.07 2234.22 23.09 143.51 39.24 0912 1253 270.38 194.7 1827.72 5.16 58.11 77.85 123.6 38.83 15.89 5214.39 34.46

Simbhaoli Sugars 0909 23.3 64.93 699.03 60.36 71.78 49.91 0912 308.3 148.65 43.78 -469.14 57.35 25.3 51.2 96.45 15.5 0.93 118.78 43.89

Sir Shadi Lal 0903 5.25 -9.68 294.59 91.54 -5.69 137.47 0912 88.38 11.87 18.59 105.19 77.1 12.84 137 193.9 51.35 1.78 71.93 53.6

thiru aroor. Su. 0912 11.32 27.79 595.21 76.94 41.55 119.14 0912 306.57 645.01 33.19 -616.17 42.4 36.12 191.6 235 62.15 5.58 216.89 51.78

triven.engg.ind. 0909 25.79 20.29 1907.78 20.36 169.78 35.15 0912 487.24 33.33 72.94 204.17 8.48 26.82 136.3 137.4 34.2 16.26 3515.18 67.99

Ugar Sugar Works 0903 11.25 16.72 412.35 -0.88 14.87 9.22 0912 96.83 -14.99 3.44 -89.32 0.31 12.34 15.65 33.35 13.05 0 176.06 46.99

Upper Gang. Sug. 0906 11.56 4.65 447.23 49.08 6.27 118.67 0912 61.93 -50.25 -2.82 -161.71 8.32 11.02 63.7 117.1 35.1 14.25 73.57 48.17

Uttam Sug.Mills 0812 25.77 0 372.35 34.63 -43.76 56.98 0912 226.21 143.08 39.3 -446.56 15.25 35.23 51.6 85.1 22.75 4.99 132.97 78.07

Telecom

Spice Mobiles 0903 22.39 1.07 708.45 136.13 1.03 10.28 0912 299 147.72 22.4 -758.82 7.33 47.07 42.8 50.2 9.65 5.83 319.43 63.25

aDc india 0909 4.6 2.38 63.94 -34.81 1.08 108 0912 19.7 11.74 0.52 20.93 3.77 11.17 131.35 161.15 51.2 51.71 60.42 62.69

astra Microwave 0903 10.81 12.16 117.22 -5.02 14.5 22.84 0912 28 41.49 3.66 134.62 2.62 27.44 68.95 96.7 43.65 46.28 373.36 19.28

avaya Global 0909 14.23 8.3 510.77 -9.73 15.37 164.53 0912 122.59 -10.47 10.54 -105500 18.22 5.3 227.95 255 75 11.95 324.37 59.13

Gemini comm. 0903 9.72 0.66 195.48 -3.05 0.58 8.78 0912 48.34 10.95 4.17 -23.49 1.13 31.3 25.95 51.6 11.25 0 259.76 35.03

Goldst.infratec. 0903 14.41 7.05 45.6 -10.27 6.27 25.25 0912 13.71 25.09 1.57 11.35 1.61 27.81 27.05 41.1 14.25 19.6 97.58 50.75

GtL 0903 94.72 7.36 1450.9 1.23 91.44 104.1 0912 370.97 8.54 42.4 94.58 15.21 24.76 407.05 425.5 236 27.48 3936.99 48.36

H F c L 0903 442.79 0 139.09 -60.21 -316.68 1.29 0912 57.46 57.3 -18.88 -58.8 0 -28.59 12.21 17.4 7.82 0 540.65 2.1

iti 0903 288 0 1700.8 47.57 -668.18 -96.42 0912 1153.68 264.65 -53.15 -59.83 0 7.26 49.35 66.8 14 0 1421.28 92.98

kavveri telecom 0903 9.82 27.13 180.57 28.31 11.34 47.74 0912 52.82 0.04 9.06 155.93 24.41 74.78 81.4 92.3 24.55 3.56 81.89 14.61

neLco 0909 22.82 -3.72 340.45 72.51 3.28 11.45 0912 40.76 27.73 -1.88 -77.43 12.19 20.91 107.1 132.75 26.45 14.45 244.4 50.1

nu tek india 0903 17.26 11.78 159.09 67.18 14.47 92.17 0912 45.22 51.64 2.75 40.31 3.13 47.07 31.9 55 13.45 13.29 110.12 43.73

Prec. electronic 0903 13.85 16.77 38.32 52.43 3.81 17.78 0912 5.06 -27.92 -1.14 714.29 0.88 15.47 37.6 43.9 14 0 52.08 74.63

Punjab commun. 0903 12.05 2.52 128.49 1599.6 2.67 89.27 0912 29.89 361.98 0.05 -73.68 2.04 28.41 64.6 69 11.56 31.82 77.65 71.21

Shyam telecom 0903 11.27 0.54 185.15 -14.33 0.76 44.52 0912 62.18 50.19 -0.89 -54.59 1.04 66.27 69.75 99.4 42 0 78.61 66.28

XL telecom 0806 18.79 18.07 656.22 24.04 40.14 152.07 0909 15.41 -94.01 -29.5 -296.8 0.44 58.83 34.5 73.9 27.1 0 71.66 21.78

HFcL infotel 0903 525.52 0 223.57 -10.17 -214.73 -11.17 0912 48.2 -10.89 -13.53 -57.06 0 3.13 6.14 15.35 4.99 0 375.93 53.36

idea cellular 0903 3100.1 11.36 9857.08 46.68 1001.21 36.37 0912 2911.57 11.79 218.38 -23.11 3.56 53.27 68.75 91.7 45.05 20.52 22684.89 49.05

M t n L 0903 630 2.17 4456 -5.64 211.72 191.42 0912 902.26 -18.85 -894.95 -1785.4 0.33 -6.9 74.95 123.7 63.4 0 4721.85 56.25

onMobile Global 0903 57.83 11.23 327.11 41.75 70.68 114.93 0912 89.63 0.91 13 -36.34 9.88 80.09 390.85 682 239.1 40.01 2286.86 54.83

tata comm 0903 285 7.73 3749.43 14.2 515.95 238.53 0912 769.75 -22.27 281.8 248.12 21.99 3.45 294 651 273.2 23.44 8379 76.15

tata tele. Mah. 0903

1897.1

9 0 1941.68 13.74 -159.6 -1.94 0912 549.28 11.19 -100.76 123.56 0 26.58 24.7 41.8 22.1 0 4686.08 77.73

tulip telecom 0903 29 44.21 1608.28 32.21 248.82 234.62 0912 500.85 14.96 68.88 41.52 104.06 41.95 875.65 1250 340 8.42 2539.39 68.96

Textiles

aarvee Denims 0903 23.46 1.99 319.56 31.52 2.32 62.82 0912 93.05 27.2 11.25 -218.05 16.98 15.03 56.35 74.95 12.16 3.01 132.2 58.68

Page 39: magazine April 2010

april 2010 [38]

Co_Name

Year

Ended

Equity

Paid

RONW

(%) Net Sales

Net

Sales

Growth

Reporte

d Net

Profit

Book

Value

Year

Ended

Net

Sales

Net

Sales% PAT

PAT

Growth

%

TTM

eps

CAGR

Sales

% CMP

52

Week H

52

Week

L

Latest

P/E

Market

Cap

Promote

r

Holding

ai champ.inds. 0903 11.27 4.35 306.61 12.48 3.17 31.37 0912 76.55 -4.36 0.13 18.18 0.45 24.67 25.6 43.3 14 10.58 57.7 43.3

alok inds. 0903 196.97 11.82 2907.71 37.02 188.37 81.6 0912 1082.47 32.59 58.1 22.78 6.78 22.67 22.45 29.5 11.55 6.24 1359.8 36.8

ambika cotton 0903 5.88 8.11 177.75 14.13 9.42 205.8 0912 54.83 33.47 5.18 89.05 23.3 15.14 150.4 156.5 37.5 6.46 88.44 36.74

arvind Ltd 0903 218.98 -6.06 2344.82 2.41 -47.87 52.31 0912 543.93 -9.27 12.25 -136.93 1.58 10.75 35.7 43.7 12.01 41.51 828.17 37.46

Bang overseas 0903 13.56 0.76 137.34 14.08 0.72 69.82 0912 32.81 13.22 0.26 36.84 1.61 62 44.35 127.9 42.7 36.35 60.14 68.06

Bannari amm Spg. 0903 15.75 4.99 286.83 45.97 8.05 101.78 0912 86.2 27.29 4.14 935 11.31 31.8 100 129.4 25.25 13.12 157.5 55.55

Banswara Syntex 0903 13.08 17.81 550.72 26.26 9.59 68.27 0912 135.61 7.36 7.54 -521.23 24.93 18.77 103.5 125.7 14.4 4.28 135.59 59.27

Birla cotsyn 0903 116.6 1.96 194.2 130.5 2.12 13.42 0912 97.1 106.46 2.33 -227.32 0.08 125.64 1.01 1.47 0.33 25.25 215.62 34.13

Bombay rayon 0903 69.1 16.56 1342.4 44.95 148.5 123.94 0912 417.94 21.17 47.23 13.32 14.12 92.63 221.4 246 131.25 14.61 2349.05 31.54

century enka 0903 20.05 4.17 1164.72 -1.8 16.62 228.89 0912 310.08 20.63 23.86 -588.93 48.2 7.47 292.55 330.9 61.25 6.19 609.97 25.23

chandni text 0903 9.89 0 10.11 10.01 -2.57 6.4 0912 12.34 259.77 0.5 -122.73 0.31 15.03 54.55 60.85 8.11 0 53.95 41.55

cheviot company 0903 4.51 9.26 189.88 5.67 11.98 369.58 0912 56.41 28.5 9.47 -953.15 41.97 8.63 248.8 324 103 5.93 112.21 73.87

DcM 0903 17.38 7.97 213.86 30.76 6.08 41.47 0912 60.82 8.47 2.07 639.29 5.08 -4.64 43.2 54.9 14.85 8.54 75.08 45.56

Digjam Ltd 0903 68.76 0 136.91 26.99 -11.56 -10 0912 27.01 -24.78 -1.76 -69.6 0.03 -11.64 10.24 16.34 3.81 0 70.39 26.81

Donear inds. 0903 10.4 -23.26 183.76 5.26 -22.5 16.15 0912 62.51 43.73 -4.25 34.49 0.23 9.51 28.65 45 15 0 148.98 74.88

eSi 0903 15.79 4.8 510.04 5.89 19.21 49.56 0912 128.67 2.52 0.23 -127.06 0.96 13.34 14.97 20.15 7.1 0 118.19 47.39

eskay k`n'it(i) 0903 28.08 5.86 718.92 10.27 17.67 11.06 0912 207.94 14.11 2.04 -4.23 0.78 20.7 3.19 5.48 1.11 4.09 89.58 55.87

Filatex india 0903 17.14 10.18 359.07 3.93 6.58 42.25 0912 108.14 7.42 4.08 54.55 7.96 14.66 37.6 43 10 4.72 64.45 49.33

Futura Polyester 0903 52.42 -7.37 378.88 -8.4 -9.36 23.32 0912 98.16 14.67 -7.81 -34.04 0.2 -1.56 10.81 11 3.46 0 56.67 38.89

Garden Silk Mill 0903 38.29 15.98 1332.36 -20.52 49.58 113.64 0912 664.78 58.81 7.6 -62.78 15.49 21.63 69.8 94.95 35.75 4.51 267.26 55.95

Garware-Wall rop 0903 23.71 8.35 437.45 9.71 16.2 86.32 0912 106.38 10.41 4.25 -187.27 9.28 18.6 59.85 75.8 30.5 6.46 141.9 46.48

Ginni Filaments 0903 59.26 0 393.68 30.64 -31.6 13.17 0912 127.21 31.92 2.54 -114.91 0.55 14.8 10.29 16.49 3.2 44.74 60.98 54.17

Glost.Jute Mill. 0903 2.62 19.08 169.15 6.16 9.08 196.03 0912 59.98 43.77 2.36 22.28 43.18 7.12 257.85 384.5 86.5 5.97 67.56 56.93

Grab.alok impex 0903 21.84 9.21 135.83 18.95 13.95 59.89 0912 62.82 65.49 3.68 -20.52 6.66 24.29 51.15 85.6 42.75 7.91 115.04 44.48

Himatsing. Seide 0903 49.23 1.52 408.3 65.09 -32.98 56.36 0912 141.48 14.33 3.35 -115.96 3.71 24.67 43.6 52.3 19.2 25.8 429.29 50.94

indian acrylics 0903 131.32 0 364.33 -15.86 -41.3 0.03 0912 106.12 48.84 5.2 -112.29 2.96 7.23 5.18 6.62 1.5 1.75 68.02 53.08

indian cardcloth 0903 4.55 0.87 38.36 -13.84 1.65 174.02 0912 10.82 23.38 0.53 -303.85 9.84 0.8 165.5 201.25 43.45 16.8 75.3 57.35

indo rama Synth. 0903 151.83 -17.01 2462.3 -3.63 -97.83 27.99 0912 614.38 14.63 0.09 -100.25 2.39 8.15 34.9 44.85 18.6 19.39 529.89 63.37

indus Fila 0903 18.99 -9.21 294.56 -44.88 -11.34 83.75 0912 81.68 -18.98 -10.81 211.53 0 82.85 26 49.8 18.15 0 50.39 61.62

Jaybharat text 0903 51.05 26.01 487.25 14.81 26.52 4.4 0912 137.29 41.48 9.63 315.09 1 140.87 380.95 541 128 380.95 14582.77 67.05

JBF inds. 0903 62.24 12.24 2394.29 11.33 76.27 102.77 0912 599.17 -4.77 25.5 174.19 20.1 34.99 104.9 125.1 29.5 5.12 652.9 47.29

Jct 0903 89.27 0 557.11 7.1 -61.36 2.35 0912 146.93 9.11 -13.82 13.56 0 0.76 3.58 5.45 1.55 0 128.62 51.11

Jindal Worldwide 0903 20.05 -0.11 184.31 33.39 -0.1 35.2 0912 70.31 43.55 2.47 -5040 11.51 55.21 289.25 369 55 66.49 579.95 74.87

krishna Lifest. 0903 101.7 1.11 501.14 37.12 6.14 5.49 0912 135.07 2.36 2.06 0.98 0.1 31.13 1.17 1.91 0.57 14.63 119.62 51.2

kSL and indus 0903 40.27 4.06 841.84 30.14 24.36 50.68 0912 277.03 31.61 5.51 344.35 2.72 57.39 39.5 145 35.5 14.58 397.67 39.22

Lak. Mach. Works 0903 12.37 13.36 1338.01 -39.32 106.93 681.27 0912 327.91 27.92 30.5 129.32 66.33 15.06 1866.55 2267 430 28.14 2308.92 25.82

Lakshmi Mills 0903 6.96 -14.06 106.53 3.13 -1.86 319.83 0912 33.68 32.23 -2.52 27.27 71.79 -5.75 2024.2 2480 546.1 0 140.88 48.9

Loyal textile 0903 4.7 0 424.06 8.02 -14.13 176.36 0912 114.74 16.86 -1.49 -73.39 0 13.71 152.05 179.5 44.75 0 71.46 72.9

Mafatlal inds. 0903 5 162.58 124.87 -65.25 337.51 -210.38 0912 24.4 -22.27 6.32 -169.15 8.3 -1.96 128.65 155.8 15 0 126.21 65.73

Maha.Shree Umaid 0903 8.64 8.35 297.72 16.18 6.58 93.98 0912 78.96 3.34 3.33 49.33 8.97 10.97 123.9 183.9 40.55 13.81 107.05 83.7

Maral overseas 0909 21.76 0 503.49 62.63 -41.87 -11.29 0912 95.94 19.88 1.44 -112.55 3.71 16.56 13.25 19.2 4.32 0 55 74.96

Maxwell inds. 0903 12.62 7.06 191.9 -6.17 7.08 13.32 0912 56.42 16.91 1.54 -3.14 0.89 3.89 19.5 25.1 8.06 20.31 123.04 63.57

Modern india 0903 7.51 19.66 206.96 29.31 6.34 10.63 0912 27.63 -51.65 1.51 0 3.59 62.33 155.2 248 110 43.23 582.78 86.15

Morarjee text. 0903 18.17 0 203.92 19.06 -38.07 10.84 0912 60.59 4.95 -0.41 -95.38 0 14.79 20.25 25.8 7.91 0 73.59 63.88

Mudra Lifestyle 0903 35.99 7.84 304.48 15.31 13.72 49.08 0912 89.7 18.81 5.26 6.91 2.84 96.47 37.25 41.7 12.04 17.49 134.06 54.49

nahar indl. ent. 0903 40.03 0.18 999.92 15.2 1.11 144.62 0912 242.9 -1.61 6.74 -146.84 12.12 22.03 65.4 88.75 19.25 8 264.22 63.35

nahar Spinning 0903 18.05 -3.22 962.03 9.2 -16.63 140.57 0912 263.14 17.29 12.05 -195.26 9.47 20.89 74.85 97.85 21.15 9.51 269.91 61.59

nakoda 0812 15.78 18.61 778.95 39.17 13.44 45.3 0912 278.71 29.35 6.85 97.98 3.42 47.45 10.59 23.3 2.85 3.1 70.32 50.23

nandan exim 0903 45.55 -1.2 315.68 11.38 -1.4 2.56 0912 102.23 43.56 4.17 -345.29 0.19 115.14 2.2 3.23 0.85 16.92 100.21 49.12

nirlon 0903 58.22 4.46 8.64 -15.87 2.91 11.47 0912 13.73 107.4 -5.14 -19.44 0 -39.33 70.2 81 14.5 280.8 408.7 15.8

Pasupati acrylon 0909 71.14 0 466.47 41.53 -2.74 0.71 0912 96.92 38.77 7.83 -121.44 7.25 17.49 7.19 9.89 1.61 1.52 51.14 57.25

r M Mohite tex. 0903 20.1 3.38 105.58 0 1.75 26.16 0912 24.23 -13.59 1.21 476.19 1.42 11.02 25.2 33.75 22 17.62 50.65 72.87

rai S r Mohota 0903 4.19 -13.63 153.28 -0.99 -3.73 60.86 0912 44.78 9.97 -1.07 -10.83 0 5.65 120.2 141.7 72 0 50.48 73.96

rajapalayam Mill 0903 3.51 4.59 234.82 6.76 6.44 336.64 0912 59.69 8.71 6.34 2248.15 30.07 13.33 469.4 572 205 18.31 164.76 49.38

raymond 0903 61.38 -3.86 1388.15 4.55 -271.55 183.61 0912 372.33 5.04 42.57 -380.07 8.15 6.61 237.8 271.75 68.1 77.46 1459.62 38.38

rSWM Ltd 0903 23.15 -27.16 1291.18 10.79 -63.85 86.07 0912 392.27 28.91 11.3 -177.24 12.12 15.31 104.65 120.25 23 8.63 242.26 49.36

ruby Mills 0903 4.18 24.54 114.33 4.66 17.65 191.44 0912 30.12 26.4 4.04 225.81 41.97 9.1 897.25 1088 251.05 21.38 375.05 74.91

S kumars nation 0903 223.39 1.23 1550.23 -3.46 60.09 36.5 0912 578.8 51.69 27.29 229.99 2.93 20.58 64.65 64.85 14.6 91.06 1529.04 49.83

Sangam india 0903 39.42 -8.63 748.27 7.92 -15.99 44.98 0912 212.61 19.1 3.6 -129.63 2.37 22.87 29.55 39 9.5 19.7 116.49 36.03

Sarla Performanc 0903 6.95 13.25 121.36 8.95 8.45 94.42 0912 31.1 1.3 2.99 63.39 12.51 17.06 85.45 95.9 26.4 6.23 59.39 62.77

SeL Mfg. co 0903 17.17 19.93 589.71 65.06 54.78 183.84 0912 222.99 61.21 20.67 225.51 39.4 59.65 68.7 110.1 51.25 2.63 208.57 36.66

Sh. Dinesh Mills 0903 5.28 11.45 79.08 4.3 8.75 151.84 0912 19.16 -0.73 1.17 -31.98 10.65 8.65 98.15 137 50.1 8.98 51.82 43.36

Shiva texyarn 0903 21.6 4.49 97.97 3.73 4.5 46.93 0912 51.82 165.74 1.11 126.53 3.39 0.82 25.15 39 11.2 13.59 54.32 74.92

Shree ram Urban 0812 20.63 -22.73 39.15 2.01 -9.62 18.18 0912 8.57 -44.31 -3.64 -23.53 0 3.82 123.95 189.9 41.15 0 255.71 59.68

Shri Lakshmi 0906 15.58 21.12 1055.25 24.85 51.99 175.32 0912 370.68 28.92 22.63 32.49 49.81 38 160.95 166.45 20.9 3.23 250.76 43.31

Siyaram Silk 0903 9.37 8.21 647.87 9.87 11.44 151.89 0912 164.24 16.37 6.64 79.46 24.22 16.97 151.05 174 47 6.18 141.53 67.06

Spentex inds. 0903 71.47 0 661.82 -10.03 -77.4 12.17 0912 182.65 20.62 -5.58 -81.99 0 78.68 11.18 15.9 4.28 0 79.9 44.82

SrF 0903 61.7 23.63 1805.23 11.76 163.28 148.96 0912 487.6 17.16 37.6 0.32 36.19 17.09 187.25 224.55 72 4.96 1132.86 47.25

Stovec inds. 0812 2.09 10.73 46.33 52.7 6.62 128.95 0912 16.82 57.05 1.49 -63.57 31.44 -4.49 334.15 369.95 122 10.6 69.84 71

Sumeet inds. 0903 40 9.26 157.78 22.78 3.82 15.48 0912 116 127.05 3.12 262.79 2.11 35.74 23.5 24.85 5.15 9.67 93.98 62.24

Super Sales ind. 0903 3.07 1.88 102.9 9.13 0.88 153.71 0912 30.98 44.77 5.41 -323.55 44.65 6.24 259.85 275 27.05 5.85 79.77 17.84

Surat textile 0903 22.21 26.55 164.56 84.4 6.2 1.1 0912 80.84 92.25 1.81 33.09 0.38 -0.87 4.35 8.29 1.2 11.45 96.61 82.01

Suryalak. cott. 0903 15.13 -13.69 355.39 2.6 -15.7 70.65 0912 106.1 16.57 4.27 567.19 3.41 4.51 50.35 64.85 11.4 0 67.27 60.72

Vardhman Polytex 0903 10.66 0 428.29 15.6 -7.72 140.41 0912 131.32 31.98 1.24 -109.9 1.37 18.97 48.3 68.35 27.15 0 51.63 55.03

Vardhman textile 0903 57.77 6.82 2456.72 7.06 140.77 220.31 0912 699.21 8.39 47.79 418.89 24.33 17.94 236.35 281.4 43 9.48 1365.39 67.22

Vertex Spinning 0903 19.91 -9.27 45.92 -53.23 -2.62 1.08 0912 34.99 422.24 0.02 -100.95 0.01 37.04 3.28 9.99 2.75 0 65.3 70.24

Voith Paper 0909 4.39 8.26 47.46 14.83 7.11 201.89 0912 12.84 0 1.73 53.1 17.55 3.4 175.6 229.4 70.4 10 77.09 74.04

Welspun india 0903 73.09 2.29 1254.16 6.75 30.9 75.97 0912 494.83 37.89 20.67 452.67 16.67 29.98 89 102.4 19.55 5.35 650.5 44.1

Tobacco ProductsGodfrey Phillips 0903 10.4 16.77 1112.69 25.84 108.91 553.93 0912 343.07 12.59 24.74 -2.68 119.64 12.45 1700.95 2150 638 14.22 1768.99 71.08

Golden tobacco 0903 17.59 -0.76 85.58 -45.84 0.25 29.63 0912 15.98 -26.33 -10.12 14.09 0.09 -11.64 125.2 150.45 37.05 0 220.35 27.19

itc 0903 377.44 25.42 14881.5 6.9 3263.59 36.24 0912 4531.85 18.22 1144.17 26.68 10.17 18.36 260.45 271.3 167.3 25.84 99241.87 0

kothari Products 0903 6.63 1.2 78.74 -53.73 11.74 755.4 0912 104 439.42 16.15 3937.5 66.65 -11.5 398.85 494.05 137.25 5.98 264.44 75

VSt inds. 0903 15.44 18.96 371.06 9.49 61.82 152.43 0912 125.82 -1.13 17.36 -20.33 49.7 5.27 498 585 215 11.3 768.91 32.16

Trading3M india 0812 11.27 18.01 742.02 21.96 57.46 308.57 0912 228.27 28.92 20.64 85.61 57.66 26.8 2281.75 2400 835 39.59 2571.53 76

adani enterp. 0903 24.66 21.84 11271.19 -0.73 326.42 66.63 0912 2800.46 -11.45 30.49 -45.5 6.75 10.42 481.1 527 121 72.24 23915.48 74.49

aegis Logistics 0903 16.44 18.46 368.33 -1.48 30.38 104.23 0912 76.17 3.35 10.93 39.06 19.45 35.44 195.5 241.8 53.5 9.64 367.54 66.54

J.k. agri Gene. 0909 3.51 -1.76 140.08 56.1 -1.22 129.54 0912 6.19 125.09 -4.22 -68.69 42.68 21.93 171.3 224.45 65 8.04 60.13 41.27

kanani inds. 0903 3 76.21 54.27 278.98 8.33 57.03 0912 23 209.14 2.07 179.73 3.71 98.75 217.6 265 85.17 58.65 391.24 74.83

MMtc 0903 50 15.5 37015.14 39.77 140.22 224.68 0912 10953.72 12.19 28.1 12.81 31.64 32.27 33009 40000 13900 0 165045 99.33

Ptc india 0903 227.42 6.02 6528.88 67.14 90.83 67.56 0912 1697.45 -19.81 15.88 -33 3.53 22.45 112 125.5 58.85 34.78 3298.85 16.3

raghav inds. 0903 19.5 0.01 26 3.13 0.01 43.62 0912 7.99 22.73 0 -100 0 4.06 38.85 57 24 0 75.76 44.4

S t c 0903 60 14.34 19785.84 25.43 78.51 95.05 0912 5983.57 -0.02 13.71 -45.44 11.15 18.84 473.55 561.7 100.5 42.47 2841.3 91.02

Surana corp. 0903 21.86 22.08 2285.34 37.78 22.5 62.52 0912 1357.35 514.35 14.78 360.44 15.17 77.08 66.35 67.5 14.9 4.22 145.04 46.76

Swan energy 0903 19 33.12 174.97 283.96 31.63 9.13 0912 26.83

44616.6

7 9.67 19240 1.08 40.28 139.3 186.95 32 0 1323.35 80.92

tci inds. 0903 0.91 0 6.66 -16.54 -0.08 -145.82 0912 1.73 34.11 0.03 -175 0.34 63.5 2718.95 4078 790 0 258.3 74.16

U B Holdings 0903 66.82 1.51 324.31 18.55 40.79 201.59 0912 92.31 30.92 84.06 1112.99 16 123.23 272 345.9 63.55 64.61 1817.5 51.82

Ushdev intl. 0903 27.63 15.54 1426.65 81.96 21.52 69.97 0912 567.44 1.07 8.2 118.09 24.86 126.11 235 370.9 34.5 23.67 649.07 51.49

Tyresapollo tyres 0903 50.41 8.37 4081.26 10.37 108.12 26.83 0912 1323.33 46.51 102.03 1751.72 6.85 16.39 77.9 79.8 16.95 11.37 3926.16 39.34

Balkrishna inds 0903 19.33 16 1219.01 24.64 70.3 242.02 0912 345.55 7.61 47.61 176.64 86.32 29.35 625.4 655 125 7.14 1208.9 54.37

ceat 0903 34.24 -3.28 2518.46 8.2 -16.11 141.27 0912 739.83 29.77 24.02 -211 55.69 12.35 166.9 190.65 32.9 3 571.47 47.99

Falcon tyres 0909 17.04 43.28 785.34 76.24 30.02 17.29 0912 166.66 39.87 11.65 1809.84 12.11 38.23 164.15 233.95 22.5 13.55 559.42 84.86

Goodyear india 0812 23.07 21.56 919.84 3.36 32.19 68.19 0912 275.7 30.55 10.99 -15800 31.68 9.87 281.8 296.4 73.2 8.9 650.11 74

Jk tyre & indust 0903 41.06 3.12 4934.11 76.53 19.05 108.38 0912 798.7 2.42 36.46 -233.16 36.61 24.14 204.25 210.75 32.05 5.58 838.65 46.97

MrF 0909 4.24 20.65 5657.45 12.15 256.32 3210.9 0912 1653.84 22.39 119.41 -411.78 968.53 17.43 7029.2 7228 1590 7.26 2980.38 26.7

tVS Srichakra 0903 7.66 14.44 576.34 25.78 8.96 84.82 0912 176.39 22.56 7.09 395.8 33.44 23.2 282.5 299 52 8.46 216.4 41.77

Page 40: magazine April 2010

Full Year

February, 2010 [38]

STOCK IDEAS

April, 2010 [39]

Company

Name

Year

Ended

Equity

Paid RONW

Net Sales

Growth

Net Sales

%[Latest

Reported

Net Profit BV Qtr End Net Sales

Net

Sales% PAT

PAT

Growth(%

) TTM Eps

CACGR

Sales% CMP Rs. 52w high 52w LowAbhishek Inds. 0903 222.19 20.89 1,398.78

33.38 -232.77 20.09 0909 427.56 29.15 6.91 -128.67 2.24 24.7 17.3 18.87 6.05

Aditya Bir. Nuv. 0903 95.01 3.37 4,754.22

21.42 -43.46 394.09 0909 1198.4 -8.56 59.24 -9.29 9.45 25.23 922.15 1054 330.25

AI Champ.Inds. 0903 11.27 6.44 306.61

12.48 4.62 62.74 0909 70.51 -19.48 0.8 263.64 0.44 24.67 33.8 36 13.5

Alok Inds. 0903 196.97 11.82 2,907.71

37.02 -5.18 81.6 0909 974.79 39.63 57 35.23 8 22.67 24.2 29.5 11.33

Alps Inds. 0906 34.51 0 991.73

56.36 -2172.81 16.2 0909 135.89 -33.12 -72.8 -1854.22 0 45.42 14.57 16.36 5.8

Ambika Cotton 0903 5.88 8.11 177.75

14.13 -28.85 205.8 0909 54.97 15.02 4.05 16.71 19.14 15.14 142.45 152.65 37.5

Arvind Ltd 0903 218.98 -6.06 2,344.82

2.41 -274.96 52.31 0909 597.73 2.89 15.19 826.22 1.05 10.75 40.15 43.7 10.6

Bang Overseas 0903 13.56 0.76 137.34

14.08 -91.79 69.82 0909 39.65 6.67 0.56 2700 1.61 62 55.45 157 42.7

Bannari Amm Spg. 0903 15.75 4.99 286.83

45.97 -27.15 101.78 0909 89.86 17.9 10.59 13.63 8.93 31.8 116.05 129.4 24.9

Banswara Syntex 0903 13.08 17.81 550.72

26.26 116.97 68.27 0909 157.37 11.4 7.44 -3334.78 19.18 18.77 101.6 105.1 13.15

Bengal Tea & Fab 0903 9.01 1.12 125.29

0.36 -4.03 45.24 0909 38.38 26.96 3.65 23.31 6.52 3.14 63.8 70.3 13.05

Birla Cotsyn 0903 116.6 1.96 194.20

130.5 27.71 13.42 0909 70.94 122.73 1.54 600 0.06 125.64 1.17 1.17 0.3

Bombay Rayon 0903 69.1 16.56 1,342.40

44.95 22.6 123.94 0909 386.44 34.64 41.03 11.83 15.24 92.63 196.45 246 80.3

Century Enka 0903 20.05 4.17 1,164.72

-1.8 23.94 228.89 0909 310.3 -1.34 32.76 552.59 36.3 7.47 290.1 313.7 50.15

Cheviot Company 0903 4.51 9.26 189.88

5.67 -45.52 369.58 0909 51.26 2.42 5.98 -4.93 20.97 8.63 265.7 284.5 96.25

DCM 0903 17.38 7.97 213.86

30.76 -502.65 41.47 0909 59.7 10.43 2.67 -5.32 4.05 -4.64 38.9 41.5 14

Digjam Ltd 0903 68.76 0 136.91

26.99 42.54 -10 0909 33.56 -18.5 0.69 -148.94 0.03 -11.64 14.13 14.39 3.6

Donear Inds. 0903 10.4 -23.26 183.76

5.26 -248.71 16.15 0909 68.52 38.62 1.2 -182.19 0.23 9.51 31.55 45 14.15

ESI 0903 15.79 4.8 510.04

5.89 -66.96 49.56 0909 118.42 -23.35 2.89 -74.03 0.96 13.34 18 20.15 6.6

Eskay K`n'IT(I) 0903 28.08 5.86 718.92

10.27 -14.56 11.06 0909 197.78 7.51 5.39 168.16 0.79 20.7 4.94 5.48 1.01

Filatex India 0903 17.14 10.18 359.07

3.93 -37.45 42.25 0909 87.09 6.9 4.31 389.77 7.12 14.66 39.05 42 9.9

Futura Polyester 0903 52.42 -7.37 378.88

-8.4 -183.05 23.32 0909 84.87 1.14 -1.85 -292.71 0.2 -1.56 10.04 10.7 3.1

Garden Silk Mill 0903 38.29 15.98 1,332.36

-20.52 23.95 113.64 0909 597.88 39.7 10.17 -4.51 18.84 21.63 81 94.95 24.55

Garware-Wall Rop 0903 23.71 8.35 437.45

9.71 -33.06 86.32 0909 108.2 -6.86 4.9 -38.9 7.49 18.6 70.2 75.8 27.1

Ginni Filaments 0903 59.26 0 393.68

30.64 79.24 13.17 0909 120.63 18.43 0.83 -115.06 0.14 14.8 14.36 15.4 3.2

Glost.Jute Mill. 0903 2.62 19.08 169.15

6.16 -17.68 196.03 0909 54.47 18.75 3.98 20.61 41.55 7.12 348.3 384.5 86.5

Grab.Alok Impex 0903 21.84 9.21 135.83

18.95 2.57 59.89 0909 67.45 117.51 3.77 21.61 7.29 24.29 55.8 85.6 37.6

Himatsing. Seide 0903 49.23 1.52 408.30

65.09 26.65 56.36 0909 113.9 12.64 4.76 -25.62 3.37 24.67 43.75 49.9 17.8

Indian Acrylics 0903 131.32 0 364.33

-15.86 463.44 0.03 0909 103.72 49.15 9.5 -182.54 2.56 7.23 6.13 6.62 1.32

Indian CardCloth 0903 4.55 0.87 38.36

-13.84 -64.89 174.02 0909 13.38 34.07 1.89 195.31 8.68 0.8 184.8 201.25 41.65

Indo Rama Synth. 0903 151.83 -17.01 2,462.30

-3.63 -3339.4 27.99 0909 593.44 20.05 -13.25 -78.45 2.38 8.15 37.1 44.85 12.01

Indus Fila 0903 18.99 -9.21 294.56

-44.88 -127.58 83.75 0909 80.47 -14.11 -10.87 -355.76 0 82.85 30.85 49.8 13.85

Jaybharat Text 0903 51.05 26.01 487.25

14.81 -18.73 4.4 0909 134.67 8.37 12.15 45.86 0.81 140.87 417.5 486.6 128

JBF Inds. 0903 62.24 12.24 2,394.29

11.33 -45.02 102.77 0909 689.63 17.58 24.82 98.72 17.83 34.99 109.8 116.7 29

JCT 0903 89.27 0 557.11

7.1 -1714.74 2.35 0909 143.72 1.86 -14.49 -27.3 0 0.76 4.8 5.45 1.55

Jindal Worldwide 0903 20.05 -0.11 184.31

33.39 -101.68 35.2 0909 89.16 91.25 2.41 -251.57 10.28 55.21 245.9 369 54.85

Krishna Lifest. 0903 101.7 1.11 501.14

37.12 -33.55 5.49 0909 147.16 18.92 3.6 73.91 0.1 31.13 1.59 1.91 0.5

KSL and Indus 0903 40.27 4.06 841.84

30.14 -45.64 50.68 0909 273.62 23.43 12.56 24.48 2.29 57.39 59.15 145 48.05

L N Polyesters 0903 14.7 0 16.16

-46.98 4.91 3.08 0909 4.66 -41.01 -1.88 -1980 0 -15.09 36 43.2 6.49

Lak. Mach. Works 0903 12.37 13.36 1,338.01

-39.32 -55.87 681.27 0909 268.57 -39.2 32.37 -14.52 52.42 15.06 2150.6 2267 415.1

Lakshmi Mills 0903 6.96 -14.06 106.53

3.13 -62.73 319.83 0909 36.06 26.84 -4.39 146.63 71.79 -5.75 2360.45 2480 546.1

Loyal Textile 0903 4.7 0 424.06

8.02 -398.73 176.36 0909 114.49 -12.86 -2.2 -23.08 0 13.71 164.9 168 42

Mafatlal Inds. 0903 5 162.58 124.87

-65.25 1051.91 -210.38 0909 29.38 -11.69 -7.86 -32.59 0 -1.96 106 107.5 14.85

Maha.Shree Umaid 0903 8.64 8.35 297.72

16.18 1587.18 93.98 0909 76.94 1.99 2.33 -17.38 7.7 10.97 145.55 183.9 29.1

Maral Overseas 0909 21.76 0 503.49

62.63 -6.79 -11.29 0909 103.51 41.29 7.14 -154.01 3.28 16.56 15.88 19.2 4.11

Maxwell Inds. 0903 12.62 7.06 191.90

-6.17 -29.62 13.32 0909 57.22 12 1.38 -46.72 0.9 3.89 21.5 25.1 8

Modern India 0903 7.51 19.66 206.96

29.31 17.19 10.63 0909 78.49 92.99 9.23 256.37 3.59 62.33 176.95 248 99.5

Morarjee Text. 0903 18.17 0 203.92

19.06 67.41 10.84 0909 61.05 22.37 -0.28 -96.77 0 14.79 22.85 24.15 7.91

Mudra Lifestyle 0903 35.99 6.14 304.48

15.31 -41.54 49.08 0909 78.39 -0.38 4.65 -39.37 2.75 96.47 36.05 41.7 10.6

Nahar Indl. Ent. 0903 40.03 0.18 999.92

15.2 -53.16 144.62 0909 246.54 -4.24 6.86 -152.73 10.44 22.03 80.65 88.7 17

Nahar Spinning 0903 18.05 -3.22 962.03

9.2 -238.35 140.57 0909 281.9 -1.92 14.5 -1890.12 6.13 20.89 94.55 95.8 20

Nakoda Textile 0812 15.78 18.61 778.95

39.17 44.52 45.3 0909 262.32 31.41 6.2 100.65 11.75 47.45 58.85 93.2 10.21

Nandan Exim 0903 45.55 -1.2 315.68

11.38 -121.57 2.56 0909 85.8 1.1 2.97 222.83 0.1 115.14 2.95 3.23 0.8

Nirlon 0903 58.22 -1.16 8.64

-15.87 76.36 11.47 0909 9.91 24.19 -3.52 78.68 0 -39.33 60.9 72.25 13.9

NRC 0806 36.77 0 323.09

-24.4 544.01 -39.12 0909 1.33 -87.52 -24.33 -30.29 0 1.92 14.8 18 3.56

Pasupati Acrylon 0909 71.14 0 466.47

41.53 -34.92 0.71 0909 69.93 4.8 11.86 -268.71 6.15 17.49 8.7 9.89 1.26

R M Mohite Tex. 0903 20.1 3.38 105.58 0 -41.67 26.16 0909 26.03 -6.94 0.56 -41.67 0.92 11.02 28 33.75 22

Rajapalayam Mill 0903 3.51 4.59 234.82 6.76 -41.67 336.64 0909 56.57 2.43 3.21 -22.28 13.07 13.33 517.55 555 202

Raymond 0903 61.38 -3.86 1,388.15 4.55 -474.97 183.61 0909 398.54 -8.1 7.43 -69.47 1.21 6.61 226.2 241 68.1

RSWM Ltd 0903 23.15 -27.16 1,291.18 10.79 -23748.15 86.07 0909 370.77 10.78 8.61 -136.1 7.24 15.31 106.3 111.5 23

Ruby Mills 0903 4.18 24.54 114.33 4.66 233.65 191.44 0909 35.97 8.44 3.84 -75.77 35.27 9.1 967.5 1088 251.05

S Kumars Nation 0903 223.39 1.23 1,550.23 -3.46 -66.27 36.5 0909 481.36 22.09 24.81 24.8 2.15 20.58 44.35 55.25 13.15

Sangam India 0903 39.42 -8.63 748.27 7.92 -397.21 44.98 0909 214.56 1.66 3.56 -142.94 1.46 22.87 35.55 39 8.8

Sarla Performanc 0903 6.95 13.25 121.36 8.95 -30.85 94.42 0909 32.45 -1.61 3.71 34.42 10.85 17.06 78.75 90.9 25.4

SEL Mfg. Co 0903 17.17 19.93 589.71 65.06 22.14 183.84 0909 263.54 138.22 20.18 125.73 35.07 59.65 94 110.1 38.1

Sh. Dinesh Mills 0903 5.28 11.45 79.08 4.3 25.54 151.84 0909 22.09 -7.84 2.44 -23.75 11.74 8.65 108.85 123 49.55

Shiva Texyarn 0903 21.6 4.49 97.97 3.73 -27.42 46.93 0909 40.18 58.25 4.01 -2.2 3.11 0.82 34.5 37.45 10.95

Shree Ram Urban 0812 20.63 -22.73 39.15 2.01 -3662.96 18.18 0909 9.86 14.39 -1.87 -4775 0 3.82 137.7 189.9 39

Shri Lakshmi 0906 15.58 21.12 1,055.25 24.85 11.61 175.32 0909 356.23 40.34 20.03 15.98 46.82 38 128.8 132.95 20.9

Siyaram Silk 0903 9.37 8.21 647.87 9.87 20.29 151.89 0909 173.12 32.1 8.06 166.01 21.09 16.97 159.65 172 43.5

Spentex Inds. 0903 71.47 0 661.82 -10.03 124.22 12.17 0909 184.33 1.89 -1.64 -92.62 0 78.68 14.83 15.9 3.45

SRF 0903 61.7 23.63 1,805.23 11.76 17.7 148.96 0909 524.49 3.56 68.6 16.39 35.81 17.09 207.35 222 62.15

Stovec Inds. 0812 2.09 10.73 46.33 52.7 190.35 128.95 0909 11.44 12.27 1.64 530.77 43.87 -4.49 321 329.85 65

Sumeet Inds. 0903 40 9.26 157.78 22.78 4.09 15.48 0912 116 127.05 3.12 262.79 2.11 35.74 24.1 24.2 5

Super Sales Ind. 0903 3.07 1.88 102.90 9.13 -90.42 153.71 0909 33.88 18.01 4.95 239.04 27.03 6.24 220.95 225.4 26.3

Super Spinning 0903 5.5 0 366.45 -6.55 -1694.19 16.58 0906 88.47 -4.02 -5.48 502.2 0 1.88 13.67 13.7 3.85

Suprem.Tex Mart 0903 17.5 -6.31 310.45 89.89 -173.19 13.7 0909 71.19 -4.8 2.44 -176.97 0.62 29.71 18.08 18.08 5.7

Surat Textile 0903 22.21 26.55 164.56 84.4 1966.67 1.1 0909 44.99 -14.97 1.5 40.19 0.91 -0.87 7.81 7.81 1.15

Suryalak. Cott. 0903 15.13 -13.69 355.39 2.6 -4585.71 70.65 0909 103.14 20.63 0.29 -107.49 0.7 4.51 42.6 45 11.4

Vardhman Polytex 0903 10.66 0 428.29 15.6 -353.11 140.41 0909 120.8 4.94 0.21 -72.73 0.2 18.97 62.6 68.35 24

Vardhman Textile 0903 57.77 6.82 2,456.72 7.06 14.87 220.31 0909 667.17 2.54 50.42 159.5 17.65 17.94 254.5 268 43

Vertex Spinning 0903 19.91 -9.27 45.92 -53.23 -152.51 1.08 0909 22.18 104.99 0.12 -7.69 0.01 37.04 3.27 10.64 3.17

Voith Paper 0909 4.39 8.26 47.46 14.83 4.71 201.89 0909 11.76 7.5 2.78 64.5 16.55 3.4 187.1 210 67.65

Weizmann 0903 12.86 5.65 30.83 -15.97 -14.02 57.88 0909 10.18 -13.87 2.35 -37.5 2.13 -12.8 40.25 43.75 11.15

Welspun India 0903 73.09 2.29 1,254.16 6.75 17.62 75.97 0909 461.57 21.91 41.75 8250 14.32 29.98 92.75 98.3 13

Winsome Yarns 0903 25.78 -40.45 146.90 -16.52 -1457.56 21.27 0909 50.51 48.69 -7.19 -13.16 0 5.14 19.25 20.75 7.58

Godfrey Phillips 0903 10.4 16.77 1,112.69 25.84 -2.96 553.93 0909 301.05 15.01 21.72 -36.17 120.3 12.45 1933 2150 625.25

Golden Tobacco 0903 17.59 -0.76 85.58 -45.84 -98.08 29.63 0909 29.99 20.01 0.12 -92.68 0.09 -11.64 135.65 144.4 36

ITC 0903 377.44 25.42 14,881.50 6.9 4.6 36.24 0909 4292.59 14.06 1009.91 25.81 9.55 18.36 250.15 271.3 155.75

Kothari Products 0903 6.63 1.2 78.74 -53.73 -81.79 755.4 0909 18.1 -2 9.84 119.15 42.91 -11.5 479.85 494.05 128

VST Inds. 0903 15.44 18.96 371.06 9.49 5.95 152.43 0909 115.72 30.58 17.15 52.44 52.57 5.27 539.45 585 203.1

3M India 0812 11.27 18.01 742.02 21.96 -15.1 308.57 0909 208.12 8.55 13.24 3.04 49.21 26.8 1850 1890 780.1

Adani Enterp. 0903 24.66 21.9 11,271.19 -0.73 4.6 66.63 0909 3072.8 -1.24 87.89 31.57 14.54 10.42 468.6 518 119

Aegis Logistics 0903 16.44 18.46 368.33 -1.48 -22.3 104.23 0909 71.06 -43.69 11.25 40.27 17.64 35.44 218.25 241.8 51.85

Avon Corporation 0903 16.58 43.97 73.59 48.76 276.34 15.68 0909 27.39 41.33 1.81 4.02 2.8 55.44 8 13.2 3.92

Bartronics India 0903 28.98 17.51 375.89 105.07 46.99 105.95 0909 136.43 35.32 14.58 25.47 17.17 97.28 164.25 193.7 61

J.K. Agri Gene. 0803 3.51 14.84 88.65 12.66 22.86 133.05 0909 5.14 -141.35 5.05 -151.37 42.68 19.08 165.55 219 65

JIK Inds. 0812 24.28 -5.05 0.55 1733.33 -1255.07 13.67 0909 0.57 612.5 1.35 -464.86 0.48 -68.49 18.2 26.3 6.41

Kanani Inds. 0903 3 76.21 54.27 278.98 89.75 57.03 0909 21.96 -5.02 1.45 -66.28 2.98 98.75 184.45 255 35.86

MMTC 0903 50 15.5 37,015.14 39.77 -30.06 224.68 0909 9432.11 -24.48 48.9 4.53 31 32.27 34763.3 40000 12900

PTC India 0903 227.42 6.02 6,528.88 67.14 86.47 67.56 0909 2458.17 21.02 30.81 -5.89 4.06 22.45 115.95 125.5 55.1

S T C 0903 60 14.34 19,785.84 25.43 -36.92 95.05 0909 3609.15 -12.39 10.14 -44.07 13.05 18.84 401.75 426.5 92.5

Sat Industries 0803 7.38 0.12 33.03 63.03 -71.43 4.83 0909 3.1 -71.32 -0.01 -200 0 57.48 35.8 39.4 13

Surana Corp. 0903 21.86 22.08 2,285.34 37.78 7.86 62.52 0909 853.56 68.75 7.52 10.26 9.88 77.08 43.85 46 13.4

Swan Energy 0903 19 33.12 174.97 283.96 48.71 9.13 0909 19.43 -86.42 0.52 -99.27 0.07 40.28 171.9 186.95 32

TCI Inds. 0903 0.91 0 6.66 -16.54 -166.67 -145.82 0909 1.29 -43.17 -0.03 -200 0 63.5 2377.65 2759 790

U B Holdings 0903 66.82 1.51 324.31 18.55 -37.04 201.59 0909 101.52 12.31 9.04 -41.15 4.46 123.23 286.9 345.9 60

Ushdev Intl. 0903 27.63 15.54 1,426.65 81.96 37.86 69.97 0909 432.58 44.37 7.29 18.73 25.16 126.11 256.6 269 34.5

Apollo Tyres 0903 50.41 8.37 4,081.26 10.37 -50.7 26.83 0909 1220.31 24.42 102.11 1210.78 4.94 16.39 51.75 57.2 14.75

Balkrishna Inds 0903 19.33 16 1,219.01 24.64 -33.41 242.02 0909 301.2 -5.86 45.3 165.07 70.6 29.35 551.25 583.2 120

CEAT 0903 34.24 -3.28 2,518.46 8.2 -110.84 141.27 0909 714.5 9.25 61.47 -313.44 48.68 12.35 150.5 190.65 31

Falcon Tyres 0909 17.04 43.28 785.34 76.24 432.27 17.29 0909 141.71 56.78 12.18 40500 8.87 38.23 172 194.85 20.16

Goodyear India 0812 23.07 21.56 919.84 3.36 -19.97 68.19 0909 270.69 12.44 23.59 263.48 26.92 9.87 195.1 256 55

JK Tyre & Indust 0903 41.06 3.12 4,934.11 76.53 -71.45 108.38 0909 937.7 7.69 59.51 -283.84 27.73 24.14 159.55 171 29

MRF 0809 4.24 13.48 5,044.70 14.84 -17.35 2643.37 0909 1474.23 5.14 96.94 -2175.8 686.98 18.82 6086.5 6899 1501

TVS Srichakra 0903 7.66 14.44 576.34 25.78 -3.45 84.82 0909 165.17 6.77 8 396.89 26.05 23.2 210 218.45 44.15

Tobacco Products

Trading

Tyres

tock deaIForays in Infrastructure with majority stake in MSK

The company is in the process to acquire about 75% stake through a combination of share purchases from promoters, associates, investors, preferential allotment and open offer with a total investment of Rs 4 billion of which about Rs 2 billion will be infused directly into the company for future business growth both in EPC as well as in BOOT assets. The entire investment shall be funded by the existing cash flows. The move will enable the company to foray into infrastructure and will enter into laying of oil & gas and water pipelines. Furthermore the acquisition is expected to enable the company to step forward towards complete integration by being a one-stop-solution in the Line Pipe segment. It will capture the full value chain - from Manufacturing of Plate & Coil – to Line Pipe and finally to Pipe laying.

B a c k w a r d I n t e g r a t i o n : Der isk ing bus iness and improving margins

The company has commenced plant with capacity of 1.5 million metric tones of Steel Plate cum Coil Mill, used to manufacture Pipes, thereby integrating backward. The facility also has a captive power plant of 43 MW. This mill can cater to high end specialized product requirement of Line Pipe Industry (API grades), Shipping, Heavy construction, Bridges, Boiler plates, Wind blades etc.Backward integration derisked the company from price volatility in plates resulting in higher conversion margins from slabs to plate. Apart from this, the company earlier used to import around 80% of its steel requirement from a few suppliers in European and CIS countries, now it has significantly reduced its dependence on API grade plate suppliers

US plant: Contribution to r e v e n u e a n d m a r g i n s improvement

With the commencement of commercial production of 3,00,000 tonnes of HSAW plant in the city of Little Rock, Arkansas in the US having the capacity to produce spiral-welded pipes in the 24” to 60” (outside diameter) range with coating and bending capabilities, the company has been able to improve its topline. More importantly, the company has been able to save freight cost involved in transporting pipes from India to US, thereby improving margins. Other advantages that the plant has provided to the company are opportunity to locate closer to customers who were facing supply challenges; existing capacity in the US was not able to serve the requirement of US clients.

Capacity Expansion: to add topline

The company is working on adding 100,000 MTPA (Including fabrication) Spiral Pipe mill in Bangalore, India, to cater to pipe demand in water segment, which is expected to be ready in the first half of FY 2011. The company has plans to further add 200,000 MTPA (Including fabrication) Spiral Pipe mill projects in other parts of India, locations are still to determine, to cater to pipe demand in Oil and water segments, with an investment of about Rs.1.50 billion.

These expansions when come in place will further add to the topline of the company.

Strong order book provides revenue visibilityCompany's current order book stands at Rs 78 billion, translating into 1.36 times the net revenue of Rs 57395.3 million in the year ended March 2009, giving strong revenue visibility

Financial Performance:stFor the quarter ended 31 Dec. 2009, the

company registered a 4.4% increase in Net Revenues compared to corresponding quarter previous year, on the back of additional capacities. Owing to backward integration and saving on freight cost, EBITDA margins are improved by 120 bps from 9.8% to 11.0% for the period. Carry over impact of improved EBITDA margins coupled with low interest outgo lead to improvement in net margins by 530 bps to 8.4%.

F a v o r a b l e i n d u s t r y environmentThe US department of energy estimates that more than 40,000 kms of new oil and gas pipeline will be required in the US over the next four years. This augurs well for the company as it derives around 80% of its revenue from US market.

Exports Dominance

0%

20%

40%

60%

80%

100%

FY 07 FY 08 FY 09

Domestic

Export

According to Simdex (US-based tracking agency), more than 289,000km of global line pipe demand is expected to come from 568 projects. This gives the demand visibility of US$81bn in value terms for the next five years.

Welspun Gujarat Stahl RohrenInvestment Rationale

Page 41: magazine April 2010

April,2010 [40]

Indian pipe companies are believed to be best placed to serve the increasing global demand for line pipes and ride this unfolding global opportunity. Welspun being the 2nd largest pipe producer in the world should be able to garner a huge share of this opportunity.

Share of Expected Demand (By 2014)

North America

22%

Latin America

11%

Euope

14%Africa

5%

Middle East

14%

Asia

29%

Austral Asia

5%

Company's BackgroundThe company produce high-grade submerged arc welded pipes, both spiral (HSAW) and longitudinal pipes (LSAW) and electric resistance welded (ERW) pipes. The company also provides value added services such as coating and bending of pipes. The company has a manufacturing facility at Anjar with a capacity to produce approximately 1.5 million MTPA of plates and coils.

Product ('000 MTPA)

HSAW 950

LSAW 350

ERW 250

Plates & Coils 1,500

Its production facilities are strategically located on the western coast of India in the city of Dahej and Anjar and in Little Rock, Arkansas, which are in close proximity to national highways and seaports such as Dahej, Kandla, Mumbai and Mundra. The company has been a key supplier for last 5 years in US with client list that includes Chevron, Exxon Mobil (Golden Pass Pipeline), Kinder-Morgan and Ruby (El Paso) etc.

ValuationsAt the current market price of Rs. 275, the stock is trading at a ttm PE of 11.3x, the stock has seen a good appreciation in last few months. Owing to strong fundamentals of the company, we see further room for appreciation in the stock and hence recommend entry into the stock.

Income Statement

12M 12M 9M 9M 3M3M

Period Ending

31-Mar-0931-Mar-08 31-Dec-0931-Dec-08 31-Dec-08 31-Dec-09

Rs. in Million except Per Share Data

Net Revenue 39,944.5 57,395.3 40,464.7 52,133.5 14,566.3 15,203.8

Net Revenue Growth

43.7%NA 28.8% 4.4%NA NA

EBITDA 6,555.2 6,347.7 4,737.9 8,544.5 1,428.8 2,580.3

EBITDA Margins

16.4% 11.1% 11.7% 16.4% 9.8% 17.0%

EBIT 5,946.4 4,914.9 3,828.2 7,432.4 1,113.2 2,205.9

EBIT Margins 14.9% 8.6% 9.5% 14.3% 7.6% 14.5%

EBT 5,235.7 3,335.6 2,747.6 6,126.2 683.9 1,925.0

EBT Margins 13.1% 5.8% 6.8% 11.8% 4.7% 12.7%

Net Earnings 3,407.8 2,135.1 1,817.6 4,061.4 453.1 1,277.1

PAT Margins 8.5% 3.7% 4.5% 7.8% 3.1% 8.4%

No. of shares out standings

163.3 185.6 185.3 188.9 186.5 193.5

No. of shares outstandings (Fully Diluted)

186.1 186.9 188.0 212.1 188.0 211.8

EPS (Basic) 20.9 11.5 9.8 21.5 2.4 6.6

EPS (Diluted) 18.3 11.4 9.7 19.2 2.4 6.0

Entering Heavy Engineering space by acqu i re Davy Markham The company has acquired 100% stake in Davy Markham, a UK based heavy engineering company for a consideration of £9.5 million, which includes £8.5 million towards equity and £1 million towards shareholder loan. The company plans to fund the acquisition through internal accruals and debt. With the acquisition, the company will be able to make an entry into the Heavy Engineering space with strong design and manufacturing capabilities and an international reach. The acquisition also provides an opportunity to expand its product portfolio in India in its traditional segments as well as gain foothold into newer segments. As on March 31st 2009, HDOL had debt of Rs 156 million, cash balance of Rs 247 million and net worth of Rs 1.75 billion implying a very strong and underleveraged balance sheet, therefore adding further is unexpected to pose risk to the company.

Marquee clientApprox 80% of the order book of the company is consists of Government projects (mainly in the mineral & water segment) while remaining 20% comprising of private players with Vedanta Group being the major client in the metals segment. The company has a large client base across industry segments like Alumina, Iron Ore, coal, Phosphorus etc. The company's clientele includes reputed players like Vedanta Group, Hindalco, HPCL, L&T, Reliance, RCF, Essar Group, IOCL among others.

Focusing Manufacturing Sector

The company has plans to increase its capacities by another 15,000 tonnes in Chennai with a total investment of Rs 800 million in the coming years, thereby entering into equipment manufacturing in newer areas like Material Handling, Power Plant Equipments, Coal Washeries, Balance of Plants, hydrocarbons etc to garner a r e v e n u e c o n t r i b u t i o n f r o m manufacturing sector to 30% by FY12 as against 16% in FY09.

Hindustan Dorr Oliver

Page 42: magazine April 2010

November, 2009 [41]April ,2010 [41]

Company's background

stFor the quarter ended 31 Dec. 2009, the company clocked a net revenue growth of 68% to Rs 2,095.5 million compared with Rs 1,247.4 million earned on corresponding quarter previous year. EBITDA witnessed a growth of 79% to Rs 263.6 million from Rs 147.0 million vis-à-vis 80 bps improvement in EBITDA margins to 12.6%. This has posted a carry over effect on net level, where net profit increase by 93% to Rs 142.8 million from Rs 74.0 million with 70 bps improvement in net margins to 6.8%.

F i n a n c i a l Pe r f o r m a n c e : Revenue growth with improved margins

The company is a 55% owned subsidiary of IVRCL and is engaged in Engineering Solut ions , Technologies and EPC installations in Liquid-Solid Separation applications. Its key business divisions are EPC, Manufacturing and Knowledge Process Outsourcing. In the EPC business it has specializes in segments such as Mineral Processing, Environment, Fertilizers & Chemicals and Pulp & Paper. In the manufacturing division it manufactures its proprietary equipment and products for the Hydrocarbon sector. The company has a manufacturing unit with a capacity of 15,000 tonnes providing engineering equipments for internal EPC contracts and for 3rd party sales. Further, the company is looking to diversify into newer segments of hydrocarbons, nuclear power, coal washeries, material handling which is a step

in the right direction that would prove beneficial to the company with the revival of the economy.

ValuationsAt the current market price of Rs. 104, the stock is trading at a ttm PE of 7.3x, and is a worth buying at this level.

Income Statement

12M

12M

9M

9M

3M

3M

Period Ending

31-Mar-08

31-Mar-09

31-Dec-08

31-Dec-09

31-Dec-08

31-Dec-09

Rs. in Million except Per Share Data

Net Revenue

3,050.7

5,133.2

325.2

592.9

1,247.4

2,094.5

Revenue Growth

46.3%

68.3%

N/A

82.3%

65.3%

67.9%

EBITDA

341.3

511.0

36.0

74.0

147.0

263.6

EBITDA Margins

11.2%

10.0%

11.1%

12.5%

11.8%

12.6%

EBIT

377.2

546.8

39.9

74.8

163.3

261.7

EBIT Margins

12.4%

10.7%

12.3%

12.6%

13.1%

12.5%

EBT

338.9

466.8

33.0

62.8

121.4

216.5

EBT Margins

11.1%

9.1%

10.1%

10.6%

9.7%

10.3%

Net Earnings

226.4

301.6

21.5

42.8

74.0

142.8

Net Margins

7.4%

5.9%

6.6%

7.2%

5.9%

6.8%

No. of shares outstandings

36.0

36.0

36.0

36.0

36.0

36.0

EPS (Basic)

6.3

8.4

6.0

11.9

2.1

4.0

Stock Ideas

Page 43: magazine April 2010

November, 2009 [42]April ,2010 [42] November, 2009 [43]April,2010 [43]

Moving Northward

With the start of the month, investors gave thumbs to Union Budget 2010-2011 as the market witnessed a strong post-budget ra l l y. Data showing a surge in manufacturing and services activity in the month of February and rise in exports for the third consecutive month, also aided the rally. Finance Minister Pranab Mukherjee's budget proposals which offered to progressively cut fiscal deficit over the next three fiscal years, changed personal tax rates which will lift disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10% in Union Budget 2010-2011 boosted sentiment.

Realty shares fell as the Budget proposed to impose service tax on the realty sector both on commercial rentals as well as on sale of under-construction housing units. The service tax would come to be about 3.5% of the cost of the apartment that includes the value of the land and also the cost of construction, realty body Credai said recently. The very next day, realty major DLF recently hinted that properties would turn dearer as developers would have to pass on the service tax burden to end-users.

Increase in raw material prices coupled with costs associated with new emission norms could force auto makers to increase prices further, which may hit volumes. The government raised excise duties on large cars and sport utility vehicles by 2%, which was immediately passed on by vehicles makers, including top carmaker Maruti Suzuki and utility vehicle makers Mahindra & Mahindra and Tata Motors. From 1 April 2010, all vehicles will have to comply with Euro IV emission norms across 13 major cities, adding to costs and setting the stage for another round of price hikes.

During the month, a bill seeking to reduce Centre's shareholding in the SBI from 55% now to 51% and to allow the bank to raise more capital from the market through preference shares, was introduced in the Lok Sabha. The amendment bill seeks to provide for enhancement of the capital of SBI by issue of preference shares, to enable it to raise resources from the market by public issue or preferential allotment or private placement. The bill also aims to provide for flexibility in the management of the bank.

The rating agency had cut the outlook on India's credit rating from stable to negative, amid concerns of rising fiscal deficit. Two other rating agencies, Moody's and Fitch, already have a stable rating on India. S&P pegged the economic growth rate at 8% for the next fiscal.During the month, RBI lifted its key short-term borrowing and lending rates for the first time since it kicked off a series of cuts in 2008 in the wake of the global economic crisis. The RBI raised the repo rate, the rate at which it lends to banks to 5% from 4.75% and reverse repo rate, the rate which it absorbs funds from the system to 3.50% from 3.25% with immediate effect. The market shrugged off an unexpected increase in interest rates by the central bank. The month ended with extending gains for the seventh week in a row on strong inflows from foreign funds.

Rate sensitive banking stocks remained in limelight on reports the annual growth in bank credit has for the first time exceeded the Reserve Bank of India's (RBI's) estimate of 16% for 2009-10. According to la tes t data f rom RBI , loan disbursement by scheduled commercial banks, including regional rural banks, recorded 16.04% growth at the end of 12 March 2010, on a year-on-year basis. This is above RBI's projection of 16% credit growth in this financial year.

The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 s tood at 252.4 (provisional) in February 2010 and registered a growth of 4.5% (provisional) compared to 1.9% registered in February 2009. During April-February 2009-10, six core industries registered a growth of 5.3% (provisional), as against 2.9% during the corresponding period of the previous year.The annual rate of inflation, based on monthly WPI, stood at 9.89% for the month of February 2010 as compared to 8.56 % for the previous month and 3.50% during the corresponding month of the previous year. Build up inflation in the financial year so far stood at 9.60% compared to a build up of 0.93% in the corresponding period of the previous year.

India's foreign exchange reserves fell to USD 278.193 billion as on Mar. 19, from USD 279.708 billion a week earlier. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.At the time writing, Rupee was trading at its strongest level in more than 18 months, boosted by the dollar's weakness against major currencies and tracking a firm start to the local stock market. Rupee was at 45.08/09 per dollar, after hitting 45.04, its strongest since Sept. 10, 2008 and firmer than its close of 45.23/24 on Friday. . It has strengthened 3.2 percent this quarter, the third-best performance among Asian currencies after Malaysia's ringgit and the Indonesian rupiah.

Index heavyweight Reliance Industries (RIL) remained in demand on the expectations of good Q4 March 2010 results. As per the market buzz, RIL's Q4 advance tax surged to Rs 770 crore in Q4 March 2010 from Rs 365 crore a year ago. Meanwhile, Reliance Industries is reportedly seeking a joint venture with Atlas Energy to develop the US firm's Marcellus Shale gas operations.

Bond MarketMeanwhile, Government is in the process of allowing private-sector firms to issue infrastructure bonds to raise funds for projects. The capacity of banks to fund infrastructure projects was stretched and new sources had to be tapped, including allowing private firms to issue infrastructure bonds.

Bond prices rally on government's front-loaded borrowing calendar

The Union government would borrow 63% of its Rs4.57 trillion borrowing programme to bridge the fiscal deficit in the first half of 2010-11, according to its borrowing calendar

. Bond prices rallied, with yields on the 10-year paper falling 0.05% to 7.79%. Bond prices and yields move in opposite directions. The Reserve Bank of India (RBI), on behalf of the government, will sell Rs2.87 trillion of bonds in the first half, less than the Rs3-3.10 trillion the market had expected, using issuance sizes of between Rs11,000 crore and Rs15,000 crore every week through September. “The gross number is certainly better in terms of percentage of total borrowing over last year,” . The borrowing calendar, showed that securities of tenure of 5-20 years and above will be issued between April and September. At Rs65,000 crore, May will pull in the single largest quantum of funds, while September will be the lowest with Rs22,000 crore. There will be some pressure on medium- and long-term bonds. Yields will start moving up from April once supply starts.

giving a near-term respite to satiated bondholders and helping send yields sharply lower

The front-loaded borrowing calendar, though, will allow firms to access debt market in the second half of the fiscal. The total borrowing for the fiscal year to 31 March 2011, is marginally higher than the current fiscal's Rs4.51 trillion. On a net basis, after factoring in redemptions of bonds, the borrowing programme stands at Rs3.45 trillion in 2010-11, against Rs3.98 trillion for the current fiscal. market is looking positive now and “the expectation of the 10-year shooting past 8.5% is not valid now. last year had avenues such as the unwinding of Rs88,000 crore of bonds issued under i t s l i q u i d i t y - m o p p i n g m a r k e t stabilization scheme (MSS) and bought around Rs57,000 crore of bonds from the secondary market to infuse liquidity into the markets after a severe global credit crunch. This year, however, RBI has almost exhausted its MSS bonds and may not be able to actively buy bonds from the secondary market as this will infuse more liquidity into an economy that is facing inflationary pressures.

Headline inflation for the month of February rose to 9.89%, prompting RBI to raise key interest rates by 25 basis points. One basis point is one-hundredth of a percentage point

The food articles index rose an annual 17 .79% in February, wh i le , the manufacturing products index in the WPI rose an annual 7.42% in the same month.

FIIs have increased investments in the domestic markets as their confidence in the growth story here has increased after the Budget. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 12125.81 crore this month, till 25 March 2010.

MARKET

Page 44: magazine April 2010

November, 2009 [42]April ,2010 [42] November, 2009 [43]April,2010 [43]

Moving Northward

With the start of the month, investors gave thumbs to Union Budget 2010-2011 as the market witnessed a strong post-budget ra l l y. Data showing a surge in manufacturing and services activity in the month of February and rise in exports for the third consecutive month, also aided the rally. Finance Minister Pranab Mukherjee's budget proposals which offered to progressively cut fiscal deficit over the next three fiscal years, changed personal tax rates which will lift disposable incomes in the hand of individuals and reduced surcharge on corporate tax for domestic companies to 7.5% from 10% in Union Budget 2010-2011 boosted sentiment.

Realty shares fell as the Budget proposed to impose service tax on the realty sector both on commercial rentals as well as on sale of under-construction housing units. The service tax would come to be about 3.5% of the cost of the apartment that includes the value of the land and also the cost of construction, realty body Credai said recently. The very next day, realty major DLF recently hinted that properties would turn dearer as developers would have to pass on the service tax burden to end-users.

Increase in raw material prices coupled with costs associated with new emission norms could force auto makers to increase prices further, which may hit volumes. The government raised excise duties on large cars and sport utility vehicles by 2%, which was immediately passed on by vehicles makers, including top carmaker Maruti Suzuki and utility vehicle makers Mahindra & Mahindra and Tata Motors. From 1 April 2010, all vehicles will have to comply with Euro IV emission norms across 13 major cities, adding to costs and setting the stage for another round of price hikes.

During the month, a bill seeking to reduce Centre's shareholding in the SBI from 55% now to 51% and to allow the bank to raise more capital from the market through preference shares, was introduced in the Lok Sabha. The amendment bill seeks to provide for enhancement of the capital of SBI by issue of preference shares, to enable it to raise resources from the market by public issue or preferential allotment or private placement. The bill also aims to provide for flexibility in the management of the bank.

The rating agency had cut the outlook on India's credit rating from stable to negative, amid concerns of rising fiscal deficit. Two other rating agencies, Moody's and Fitch, already have a stable rating on India. S&P pegged the economic growth rate at 8% for the next fiscal.During the month, RBI lifted its key short-term borrowing and lending rates for the first time since it kicked off a series of cuts in 2008 in the wake of the global economic crisis. The RBI raised the repo rate, the rate at which it lends to banks to 5% from 4.75% and reverse repo rate, the rate which it absorbs funds from the system to 3.50% from 3.25% with immediate effect. The market shrugged off an unexpected increase in interest rates by the central bank. The month ended with extending gains for the seventh week in a row on strong inflows from foreign funds.

Rate sensitive banking stocks remained in limelight on reports the annual growth in bank credit has for the first time exceeded the Reserve Bank of India's (RBI's) estimate of 16% for 2009-10. According to la tes t data f rom RBI , loan disbursement by scheduled commercial banks, including regional rural banks, recorded 16.04% growth at the end of 12 March 2010, on a year-on-year basis. This is above RBI's projection of 16% credit growth in this financial year.

The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 s tood at 252.4 (provisional) in February 2010 and registered a growth of 4.5% (provisional) compared to 1.9% registered in February 2009. During April-February 2009-10, six core industries registered a growth of 5.3% (provisional), as against 2.9% during the corresponding period of the previous year.The annual rate of inflation, based on monthly WPI, stood at 9.89% for the month of February 2010 as compared to 8.56 % for the previous month and 3.50% during the corresponding month of the previous year. Build up inflation in the financial year so far stood at 9.60% compared to a build up of 0.93% in the corresponding period of the previous year.

India's foreign exchange reserves fell to USD 278.193 billion as on Mar. 19, from USD 279.708 billion a week earlier. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.At the time writing, Rupee was trading at its strongest level in more than 18 months, boosted by the dollar's weakness against major currencies and tracking a firm start to the local stock market. Rupee was at 45.08/09 per dollar, after hitting 45.04, its strongest since Sept. 10, 2008 and firmer than its close of 45.23/24 on Friday. . It has strengthened 3.2 percent this quarter, the third-best performance among Asian currencies after Malaysia's ringgit and the Indonesian rupiah.

Index heavyweight Reliance Industries (RIL) remained in demand on the expectations of good Q4 March 2010 results. As per the market buzz, RIL's Q4 advance tax surged to Rs 770 crore in Q4 March 2010 from Rs 365 crore a year ago. Meanwhile, Reliance Industries is reportedly seeking a joint venture with Atlas Energy to develop the US firm's Marcellus Shale gas operations.

Bond MarketMeanwhile, Government is in the process of allowing private-sector firms to issue infrastructure bonds to raise funds for projects. The capacity of banks to fund infrastructure projects was stretched and new sources had to be tapped, including allowing private firms to issue infrastructure bonds.

Bond prices rally on government's front-loaded borrowing calendar

The Union government would borrow 63% of its Rs4.57 trillion borrowing programme to bridge the fiscal deficit in the first half of 2010-11, according to its borrowing calendar

. Bond prices rallied, with yields on the 10-year paper falling 0.05% to 7.79%. Bond prices and yields move in opposite directions. The Reserve Bank of India (RBI), on behalf of the government, will sell Rs2.87 trillion of bonds in the first half, less than the Rs3-3.10 trillion the market had expected, using issuance sizes of between Rs11,000 crore and Rs15,000 crore every week through September. “The gross number is certainly better in terms of percentage of total borrowing over last year,” . The borrowing calendar, showed that securities of tenure of 5-20 years and above will be issued between April and September. At Rs65,000 crore, May will pull in the single largest quantum of funds, while September will be the lowest with Rs22,000 crore. There will be some pressure on medium- and long-term bonds. Yields will start moving up from April once supply starts.

giving a near-term respite to satiated bondholders and helping send yields sharply lower

The front-loaded borrowing calendar, though, will allow firms to access debt market in the second half of the fiscal. The total borrowing for the fiscal year to 31 March 2011, is marginally higher than the current fiscal's Rs4.51 trillion. On a net basis, after factoring in redemptions of bonds, the borrowing programme stands at Rs3.45 trillion in 2010-11, against Rs3.98 trillion for the current fiscal. market is looking positive now and “the expectation of the 10-year shooting past 8.5% is not valid now. last year had avenues such as the unwinding of Rs88,000 crore of bonds issued under i t s l i q u i d i t y - m o p p i n g m a r k e t stabilization scheme (MSS) and bought around Rs57,000 crore of bonds from the secondary market to infuse liquidity into the markets after a severe global credit crunch. This year, however, RBI has almost exhausted its MSS bonds and may not be able to actively buy bonds from the secondary market as this will infuse more liquidity into an economy that is facing inflationary pressures.

Headline inflation for the month of February rose to 9.89%, prompting RBI to raise key interest rates by 25 basis points. One basis point is one-hundredth of a percentage point

The food articles index rose an annual 17 .79% in February, wh i le , the manufacturing products index in the WPI rose an annual 7.42% in the same month.

FIIs have increased investments in the domestic markets as their confidence in the growth story here has increased after the Budget. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 12125.81 crore this month, till 25 March 2010.

MARKET

Page 45: magazine April 2010

February,2010 [44] April, 2010 [45]

TECHNICAL ANALYSIS

GPIL

CMP:277Target:320Sector Outlook-

Industry : Sponge Iron

GPIL is a flagship Company of Raipur(Chattishgarh)-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire, with captive power generation

stfacility. GPIL was incorporated on 21 sept.2009. Today. the third largest producer of coal based sponge iron in India and is one of the largest players in the mild steel wires segment, GPIL is an end-to-end manufacturer of mild steel wires In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least pallets. Technically the counter has gain 28% approximately on wow basis. After making a low of 39 in March 2009 the stock is trading almost 8times in March 2010.It has successfully breached the 200 level which happens to be its important intermediate resistance level .The counter has breached the ascending triangle at the level of 240.Volumes are giving the much needed confirmation of the northeast journey for the counter. On the weekly chart it is trading well above its 50 Day EMA.The next resistance is seems to be at the upper level of Bollinger Band of 270 The next level above this is coming at 300.

Industry:Engineering

CMP:1647Target:1850Outlook:Bullish

LT

Larsen & Toubro is the country`s largest engineering and construction company. The company was founded in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments. Apart from being a strong domestic market player, L&T has an international presence with a global spread of offices. The company`s businesses are divided into six key segments. Engineering and construction, heavy engineering, contruction, electricals and electronics, information technology and machinery & industrial products.

As per technical analysis on the daily chart the counter is facing tough resistance near the level of 1735.After testing 1700 it falls till 1389 which also happens to the 50 day EMA support. After making strong bottom at this level the counter retrace faster to the level of 1600 along with good volumes. The upward sloping line joining the significant bottoms is acting as support and indicating the underlying bullishness in the counter taking immediate crucial support at 1520.The stock is trading in the range of 1500—1700 in the past sessions. The stock is consolidation in this range with positive bias A break above this level will take the counter to the next upward channel. Accumalation is happening at the lower levels as volumes are increasing with every rise in price.

Industry: Cement CMP: 948Target:1020Outlook- Bullish

ACC Limited is India's foremost manufacturer of cement with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. ACC's brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It has decided to process non-degradable waste materials like disposed water bottles, polythene and other waste materials to make cement at its plant at Bargarh in western Orissa. A detailed analysis of volume of ACC reveals that maximum interest has been displayed since October 2009.The trend continues to remain up on all time frames(Short, intermediate and long term).1020 level corresponds to the intermediate high. It is expected that counter will see some profit booking at these levels. After testing the low at 692 it has been trading in upward channel. Now it is taking support at the rising trend line 900.The crucial level is 1020 a convincing break above this level will take the counter to 1080.

April, 2010 [44]

Page 46: magazine April 2010

February,2010 [44] April, 2010 [45]

TECHNICAL ANALYSIS

GPIL

CMP:277Target:320Sector Outlook-

Industry : Sponge Iron

GPIL is a flagship Company of Raipur(Chattishgarh)-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the Steel industry, mainly into mild steel wire, with captive power generation

stfacility. GPIL was incorporated on 21 sept.2009. Today. the third largest producer of coal based sponge iron in India and is one of the largest players in the mild steel wires segment, GPIL is an end-to-end manufacturer of mild steel wires In the process, the company manufactures sponge iron, billets, Ferro alloys, captive power, wires rods (through subsidiary company), steel wires, Oxygen gas, fly ash brick and last but not the least pallets. Technically the counter has gain 28% approximately on wow basis. After making a low of 39 in March 2009 the stock is trading almost 8times in March 2010.It has successfully breached the 200 level which happens to be its important intermediate resistance level .The counter has breached the ascending triangle at the level of 240.Volumes are giving the much needed confirmation of the northeast journey for the counter. On the weekly chart it is trading well above its 50 Day EMA.The next resistance is seems to be at the upper level of Bollinger Band of 270 The next level above this is coming at 300.

Industry:Engineering

CMP:1647Target:1850Outlook:Bullish

LT

Larsen & Toubro is the country`s largest engineering and construction company. The company was founded in 1938 by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. Beginning with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments. Apart from being a strong domestic market player, L&T has an international presence with a global spread of offices. The company`s businesses are divided into six key segments. Engineering and construction, heavy engineering, contruction, electricals and electronics, information technology and machinery & industrial products.

As per technical analysis on the daily chart the counter is facing tough resistance near the level of 1735.After testing 1700 it falls till 1389 which also happens to the 50 day EMA support. After making strong bottom at this level the counter retrace faster to the level of 1600 along with good volumes. The upward sloping line joining the significant bottoms is acting as support and indicating the underlying bullishness in the counter taking immediate crucial support at 1520.The stock is trading in the range of 1500—1700 in the past sessions. The stock is consolidation in this range with positive bias A break above this level will take the counter to the next upward channel. Accumalation is happening at the lower levels as volumes are increasing with every rise in price.

Industry: Cement CMP: 948Target:1020Outlook- Bullish

ACC Limited is India's foremost manufacturer of cement with a countrywide network of factories and marketing offices. Established in 1936, ACC has been a pioneer and trend-setter in cement and concrete technology. ACC's brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It has decided to process non-degradable waste materials like disposed water bottles, polythene and other waste materials to make cement at its plant at Bargarh in western Orissa. A detailed analysis of volume of ACC reveals that maximum interest has been displayed since October 2009.The trend continues to remain up on all time frames(Short, intermediate and long term).1020 level corresponds to the intermediate high. It is expected that counter will see some profit booking at these levels. After testing the low at 692 it has been trading in upward channel. Now it is taking support at the rising trend line 900.The crucial level is 1020 a convincing break above this level will take the counter to 1080.

April, 2010 [44]

Page 47: magazine April 2010

April ,2010 [46] April ,2010 [47]

‘'An improved outlook for emerging economies and increased stability in nations with high-yielding currencies have investors wading back into carry-trade waters. The currencies of economies with high interest rates are the most likely beneficiaries. The Indonesian rupiah, the Indian rupee and the Philippine peso all could rise as a result''

Currency Carry Trade

A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.

A classic example of this is the carry trade going on since so many years using the Japanese Yen as the borrowing currency. Interest rates in Japan have been at near zero percent since the last 7-8 years. Traders all over the globe have taken Japanese Yen loans at very low interest rates and invested the same in other potential high assets like equities, commodities, real estate, government bonds, art, gold etc all across the globe. A simple example of this can be taking a loan in Japanese Yen at say 0.50% and converting this money into US Dollars and investing it in US Treasuries yielding say 2%. Due to the difference between the interest earned (2%) and the borrowing interest rate (0.5%) the trader makes a clean profit of 1.5%. This might look like a risk free trade and the most lucrative one.

Dollar carry trades back into fashionSince the beginning of 2009 the US economy has been going through the worst economic crisis since The Great Depression of 1929. To pull its economy out of the recession the US Government announced a huge stimulus package. This added to the already burgeoning deficit of the US. At the same time the Federal Reserve cut key interest rates to near zero levels to make liquidity easily available. A weak economy, huge deficit and near zero interest rates have led to fall in the value of the US Dollar against a basket of major currencies over a period of time

. With money available easily and cheaply in the US and attractive high yielding investment opportunities available in other economies, traders have started borrowing funds in US Dollars and investing them else where for attractive returns. The volume of such trades have become fairly large in the recent past considering lot of people have got involved in such trades. In effect the US Dollar has become the funding currency for these trades and the carry trade has shifted from the Japanese Yen to the US Dollar as the funding currency of choice.

RBI Borrowing PlanEventRBI announced its borrowing plan for the 1H FY11 (April 2010 to Sept. 2010).

Key UnderlinesGovt. to borrow Rs. 287,000 cr. during the 1H FY11 as against the market expectations of Rs 300,000 cr.

Translates into average monthly borrowing Rs. 48,000 cr. (approx.) while average weekly borrowing stands at Rs. 12,500 cr. (approx.)

stBorrowing during the 1 quarter is higher than that of during the

nd2 quarter.

Net borrowing for the 1H FY11 stands at Rs. 205,000 cr., lower by 10% from proposed net borrowing of Rs 228,000 cr. during the corresponding period previous year.

Weekly Distribution of Borrowing

0

3000

6000

9000

12000

15000

18000

Apr 5

- Apr

9

Apr 12

- Apr

16

Apr 19

- Apr

23

Apr

26 -

Apr

30

May 3

- May

7

May

10 -

May

14

May

17 -

May

21

May

24 -

May

28

May

31 -

Jun 4

Jun 7

-Jun

11

Jun 14

-Jun

18

Jun 21

- Jun

25

Jun

28 -

Jul 2

Jul 5 -

Jul 9

Jul 12

- Jul

16

Jul 26

- Jul

30

Aug 2

- Aug

6

Aug 9

- Aug

13

Aug

16 -

Aug

20

Aug

23 -

Aug

27

Aug

30 -

Sep 3

Sep 6

- Sep

10

Sep

20 -

Sep

24

Rs Cr.

The borrowing amount during the 1H FY11 constitutes the 63% of the total proposed borrowing of Rs. 457,000 cr. during the fiscal year.

Borrowing during the 1H FY11 is

lower by 7% and 3% when compared with proposed borrowing and actual borrowing during the corresponding period previous year respectively.

Analysis

Tenor-wise Borrowing Distribution4%

40%

36%

9%

11%

Upto 5 Yrs

5 - 9 Yrs

10 - 14 Yrs

15 - 19 Yrs

20 Yrs & above

Out of the total proposed amount, the Govt. is borrowing around 76% from the bond with duration ranging from 5 yrs. to 15 yrs, thereby emphasizing on keeping the average maturity of the borrowing at low.

Tenor-wise Borrowing Amount

112,000101,000

22,00028,000

133,000124,000

33,00042,000

11,00013,000

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Upto 5 Yrs 5 - 9 Yrs 10 - 14 Yrs 15 - 19 Yrs 20 Yrs & above

Mininum (Rs Cr.)

Maximum (Rs Cr.)

U n e v e n d i s t r i b u t i o n o f borrowing: Borrowing plan is distributed unevenly with amount to raised ranging from Rs. 34,000 cr. (Sept.) to Rs. 63,000 cr. (June).

Monthly Distribution of Borrowing

17%

18%

22%

14%

17%

12%

April

May

June

July

Aug.

Sept.

63% of the fiscal borrowing during first half:The idea behind borrowing more fund during 1H FY11 than 2H FY11 is that with the economy picks up momentum, there would be more demand for funds by the private sector.

RBI-Borrowing plan

Page 48: magazine April 2010

April ,2010 [46] April ,2010 [47]

‘'An improved outlook for emerging economies and increased stability in nations with high-yielding currencies have investors wading back into carry-trade waters. The currencies of economies with high interest rates are the most likely beneficiaries. The Indonesian rupiah, the Indian rupee and the Philippine peso all could rise as a result''

Currency Carry Trade

A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.

A classic example of this is the carry trade going on since so many years using the Japanese Yen as the borrowing currency. Interest rates in Japan have been at near zero percent since the last 7-8 years. Traders all over the globe have taken Japanese Yen loans at very low interest rates and invested the same in other potential high assets like equities, commodities, real estate, government bonds, art, gold etc all across the globe. A simple example of this can be taking a loan in Japanese Yen at say 0.50% and converting this money into US Dollars and investing it in US Treasuries yielding say 2%. Due to the difference between the interest earned (2%) and the borrowing interest rate (0.5%) the trader makes a clean profit of 1.5%. This might look like a risk free trade and the most lucrative one.

Dollar carry trades back into fashionSince the beginning of 2009 the US economy has been going through the worst economic crisis since The Great Depression of 1929. To pull its economy out of the recession the US Government announced a huge stimulus package. This added to the already burgeoning deficit of the US. At the same time the Federal Reserve cut key interest rates to near zero levels to make liquidity easily available. A weak economy, huge deficit and near zero interest rates have led to fall in the value of the US Dollar against a basket of major currencies over a period of time

. With money available easily and cheaply in the US and attractive high yielding investment opportunities available in other economies, traders have started borrowing funds in US Dollars and investing them else where for attractive returns. The volume of such trades have become fairly large in the recent past considering lot of people have got involved in such trades. In effect the US Dollar has become the funding currency for these trades and the carry trade has shifted from the Japanese Yen to the US Dollar as the funding currency of choice.

RBI Borrowing PlanEventRBI announced its borrowing plan for the 1H FY11 (April 2010 to Sept. 2010).

Key UnderlinesGovt. to borrow Rs. 287,000 cr. during the 1H FY11 as against the market expectations of Rs 300,000 cr.

Translates into average monthly borrowing Rs. 48,000 cr. (approx.) while average weekly borrowing stands at Rs. 12,500 cr. (approx.)

stBorrowing during the 1 quarter is higher than that of during the

nd2 quarter.

Net borrowing for the 1H FY11 stands at Rs. 205,000 cr., lower by 10% from proposed net borrowing of Rs 228,000 cr. during the corresponding period previous year.

Weekly Distribution of Borrowing

0

3000

6000

9000

12000

15000

18000

Apr 5

- Apr

9

Apr 12

- Apr

16

Apr 19

- Apr

23

Apr

26 -

Apr

30

May 3

- May

7

May

10 -

May

14

May

17 -

May

21

May

24 -

May

28

May

31 -

Jun 4

Jun 7

-Jun

11

Jun 14

-Jun

18

Jun 21

- Jun

25

Jun

28 -

Jul 2

Jul 5 -

Jul 9

Jul 12

- Jul

16

Jul 26

- Jul

30

Aug 2

- Aug

6

Aug 9

- Aug

13

Aug

16 -

Aug

20

Aug

23 -

Aug

27

Aug

30 -

Sep 3

Sep 6

- Sep

10

Sep

20 -

Sep

24

Rs Cr.

The borrowing amount during the 1H FY11 constitutes the 63% of the total proposed borrowing of Rs. 457,000 cr. during the fiscal year.

Borrowing during the 1H FY11 is

lower by 7% and 3% when compared with proposed borrowing and actual borrowing during the corresponding period previous year respectively.

Analysis

Tenor-wise Borrowing Distribution4%

40%

36%

9%

11%

Upto 5 Yrs

5 - 9 Yrs

10 - 14 Yrs

15 - 19 Yrs

20 Yrs & above

Out of the total proposed amount, the Govt. is borrowing around 76% from the bond with duration ranging from 5 yrs. to 15 yrs, thereby emphasizing on keeping the average maturity of the borrowing at low.

Tenor-wise Borrowing Amount

112,000101,000

22,00028,000

133,000124,000

33,00042,000

11,00013,000

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Upto 5 Yrs 5 - 9 Yrs 10 - 14 Yrs 15 - 19 Yrs 20 Yrs & above

Mininum (Rs Cr.)

Maximum (Rs Cr.)

U n e v e n d i s t r i b u t i o n o f borrowing: Borrowing plan is distributed unevenly with amount to raised ranging from Rs. 34,000 cr. (Sept.) to Rs. 63,000 cr. (June).

Monthly Distribution of Borrowing

17%

18%

22%

14%

17%

12%

April

May

June

July

Aug.

Sept.

63% of the fiscal borrowing during first half:The idea behind borrowing more fund during 1H FY11 than 2H FY11 is that with the economy picks up momentum, there would be more demand for funds by the private sector.

RBI-Borrowing plan

Page 49: magazine April 2010

April ,2010 [48] April ,2010 [49]

Dollar carry trades are likely to be back in fashion, as market players expect the US currency to stay weak over the next few months. This could trigger a liquidity-driven upswing in Indian shares, as hedge funds binge on them using dollars borrowed cheap.The US Federal Reserve pledged to k e e p b e n c h m a r k i n t e r e s t r a t e s “exceptionally low” for an “extended period”, to allow the economic recovery to strengthen.UK blocked a European Union plan to impose tougher regulations on the activities of hedge funds in Europe. A combination of these developments could see action building up in dollar carry trades. “The carry trade has to revive. With the Fed confirming that it is likely to keep interest rates low, it gives more comfort to traders funding their positions through carry trades.

Traditionally the Japanese Yen has been the funding currency of choice for traders all over the globe for carry trade. But off late the US Dollar has replaced the Japanese Yen as the funding currency of choice for carry trade. So what is it that has made traders to switch from the Japanese Yen to the US Dollar to fund their carry trades? There are few reasons for this:

Surge in US Dollar Carry Trade

US Deficit:

Since the last few years the US Deficit has been increasing steadily. The huge stimulus announced by the US Government has only aggravated matters by increasing the deficit by a big proportion. A high deficit keeps the currency of the country under pressure. So the US Dollar has been steadily depreciation against the Euro and the basket of major currencies

Interest Rates

The interest rates in the US are near zero percent. This has been done so that there is enough liquidity in the financial system and that too at low rates so that it can spur economic growth. Low interest rates again keep the rise of the currency under check.

Economic Recovery:

With the US economy a long way away from returning to sustainable economic growth, the US dollar will continue to remain weak.

US Government Policy:

The government policy is in favour of a weak US Dollar. Depreciating currency makes exports of a country more competitive vis-à-vis other countries. The US authorities are in favour of an orderly decline in the value of the US currency to a certain extent.

Due to the above reasons the outlook for the US Dollar looks grim. Infact the US Dollar may continue to slide against the Euro and other major currencies in the near term. Also there is abundant liquidity in the US financial system and is available at near zero percent interest rates. So the weak prospects for the US Dollar along with cheap money availability make the Dollar a perfect choice for traders to use it as a funding currency of choice for their carry trades.

Carry trades in Asian Market

A recent report highlighted Indonesia as the top target for carry trades in Asia. The central bank's benchmark interest rate, at 7.5%, is the highest among the region's key economies. The rupiah has been one of Asia's top-performing currencies against the dollar so far this year, gaining 1.3% on strong demand for Indonesia's high-yielding bonds and on signs of growing political stability.

In the past decade, the Japanese yen and the Swiss franc were favorites for the carry trade because of their low yields. But now, the U.S. dollar presents the same opportunity due to the likelihood that rates will stay low for a long time to come. During the bull run of 2006-07, hedge funds were borrowing in yen, converting them into dollars and buying Indian shares

Structure of Currency Carry Trade

Funding Currency

The currency in which the loan is taken is known as the funding currency in carry trade. In the above example the loan is taken in Japanese Yen. Hence the Japanese Yen is the funding currency. Other currencies apart from the Japanese Yen which have been popularly used as funding currencies are the Swiss Franc and the most recent one to gain popularity as funding currency is the US Dollar.

Investment Currency

The currency which is bought using the funding currency is known as the investment currency in carry trade. In the above example the loan is taken in Japanese Yen and then later this currency is sold to buy US Dollars for investment in US Treasuries. Hence in this case the US Dollar is the investment currency.

Countries where interest rates are high or where asset classes like equities, commodities, real estate, art etc have the potential of yielding high returns, their currencies are popularly used as investment currencies. Some popular examples include New Zealand, Australia and even India where interest rates are high compared to the developed world. Traders use the interest rate arbitrage (difference in the interest rates) between the two countries to benefit from the carry trade.

Profiting from Carry Trade

With the volume of carry trade so huge you must be wondering how a person profits from such a trade. There are two ways in which a person can make gains from carry trades.

1. Interest Rate Difference

2. Funding Currency Depreciation against the Other Currency

Negative side of Carry TradeThe unwinding of carry trade due to appreciation of the funding currency can have ripple effects. Over the years Japanese Yen was borrowed heavily and invested in all possible asset classes like US Treasuries, equities in Emerging Markets like India, Brazil, China, Russia etc, Real Estate in Hong Kong, Singapore, Commodities like gold, crude oil etc.

An appreciation in the funding currency can lead to unwinding of carry trade. And this can lead to a major sell off in asset classes like equities, real estate, commodities, art etc leading to heavy losses for investors. In 1998 the Japanese Yen appreciated by 20% in two months and this led to a heavy sell off in asset classes all across the globe by traders who had exposure to Yen Carry Trade. So investors need to exercise caution before taking the decision to indulge themselves in carry trade.

''One of the key factors to keep in mind with a currency carry trade is that the investor hopes that the exchange rate between the two currencies will remain more or less stable long enough to realize a return. When this is the case, the investor is likely to earn a credible return, although probably not one that is substantial. However, if the currency that was purchased should fall in comparison to the base currency, the investor stands to lose a substantial portion of the investment. Choosing to engage in any exchange of currency with an eye toward making a profit off the rates of interest requires careful tracking of the relationship between the two currencies involved. Often, an investor will want to review the volatility demonstrated by both currencies over the last several periods before implementing a currency carry trade. At the same time, the investor would be well advised to evaluate the current economic, political, and other factors that could impact the value of each currency over the next few periods. Failing to do so will usually lead to losing money, rather than making a profit from the currency carry trade approach”

Page 50: magazine April 2010

April ,2010 [48] April ,2010 [49]

Dollar carry trades are likely to be back in fashion, as market players expect the US currency to stay weak over the next few months. This could trigger a liquidity-driven upswing in Indian shares, as hedge funds binge on them using dollars borrowed cheap.The US Federal Reserve pledged to k e e p b e n c h m a r k i n t e r e s t r a t e s “exceptionally low” for an “extended period”, to allow the economic recovery to strengthen.UK blocked a European Union plan to impose tougher regulations on the activities of hedge funds in Europe. A combination of these developments could see action building up in dollar carry trades. “The carry trade has to revive. With the Fed confirming that it is likely to keep interest rates low, it gives more comfort to traders funding their positions through carry trades.

Traditionally the Japanese Yen has been the funding currency of choice for traders all over the globe for carry trade. But off late the US Dollar has replaced the Japanese Yen as the funding currency of choice for carry trade. So what is it that has made traders to switch from the Japanese Yen to the US Dollar to fund their carry trades? There are few reasons for this:

Surge in US Dollar Carry Trade

US Deficit:

Since the last few years the US Deficit has been increasing steadily. The huge stimulus announced by the US Government has only aggravated matters by increasing the deficit by a big proportion. A high deficit keeps the currency of the country under pressure. So the US Dollar has been steadily depreciation against the Euro and the basket of major currencies

Interest Rates

The interest rates in the US are near zero percent. This has been done so that there is enough liquidity in the financial system and that too at low rates so that it can spur economic growth. Low interest rates again keep the rise of the currency under check.

Economic Recovery:

With the US economy a long way away from returning to sustainable economic growth, the US dollar will continue to remain weak.

US Government Policy:

The government policy is in favour of a weak US Dollar. Depreciating currency makes exports of a country more competitive vis-à-vis other countries. The US authorities are in favour of an orderly decline in the value of the US currency to a certain extent.

Due to the above reasons the outlook for the US Dollar looks grim. Infact the US Dollar may continue to slide against the Euro and other major currencies in the near term. Also there is abundant liquidity in the US financial system and is available at near zero percent interest rates. So the weak prospects for the US Dollar along with cheap money availability make the Dollar a perfect choice for traders to use it as a funding currency of choice for their carry trades.

Carry trades in Asian Market

A recent report highlighted Indonesia as the top target for carry trades in Asia. The central bank's benchmark interest rate, at 7.5%, is the highest among the region's key economies. The rupiah has been one of Asia's top-performing currencies against the dollar so far this year, gaining 1.3% on strong demand for Indonesia's high-yielding bonds and on signs of growing political stability.

In the past decade, the Japanese yen and the Swiss franc were favorites for the carry trade because of their low yields. But now, the U.S. dollar presents the same opportunity due to the likelihood that rates will stay low for a long time to come. During the bull run of 2006-07, hedge funds were borrowing in yen, converting them into dollars and buying Indian shares

Structure of Currency Carry Trade

Funding Currency

The currency in which the loan is taken is known as the funding currency in carry trade. In the above example the loan is taken in Japanese Yen. Hence the Japanese Yen is the funding currency. Other currencies apart from the Japanese Yen which have been popularly used as funding currencies are the Swiss Franc and the most recent one to gain popularity as funding currency is the US Dollar.

Investment Currency

The currency which is bought using the funding currency is known as the investment currency in carry trade. In the above example the loan is taken in Japanese Yen and then later this currency is sold to buy US Dollars for investment in US Treasuries. Hence in this case the US Dollar is the investment currency.

Countries where interest rates are high or where asset classes like equities, commodities, real estate, art etc have the potential of yielding high returns, their currencies are popularly used as investment currencies. Some popular examples include New Zealand, Australia and even India where interest rates are high compared to the developed world. Traders use the interest rate arbitrage (difference in the interest rates) between the two countries to benefit from the carry trade.

Profiting from Carry Trade

With the volume of carry trade so huge you must be wondering how a person profits from such a trade. There are two ways in which a person can make gains from carry trades.

1. Interest Rate Difference

2. Funding Currency Depreciation against the Other Currency

Negative side of Carry TradeThe unwinding of carry trade due to appreciation of the funding currency can have ripple effects. Over the years Japanese Yen was borrowed heavily and invested in all possible asset classes like US Treasuries, equities in Emerging Markets like India, Brazil, China, Russia etc, Real Estate in Hong Kong, Singapore, Commodities like gold, crude oil etc.

An appreciation in the funding currency can lead to unwinding of carry trade. And this can lead to a major sell off in asset classes like equities, real estate, commodities, art etc leading to heavy losses for investors. In 1998 the Japanese Yen appreciated by 20% in two months and this led to a heavy sell off in asset classes all across the globe by traders who had exposure to Yen Carry Trade. So investors need to exercise caution before taking the decision to indulge themselves in carry trade.

''One of the key factors to keep in mind with a currency carry trade is that the investor hopes that the exchange rate between the two currencies will remain more or less stable long enough to realize a return. When this is the case, the investor is likely to earn a credible return, although probably not one that is substantial. However, if the currency that was purchased should fall in comparison to the base currency, the investor stands to lose a substantial portion of the investment. Choosing to engage in any exchange of currency with an eye toward making a profit off the rates of interest requires careful tracking of the relationship between the two currencies involved. Often, an investor will want to review the volatility demonstrated by both currencies over the last several periods before implementing a currency carry trade. At the same time, the investor would be well advised to evaluate the current economic, political, and other factors that could impact the value of each currency over the next few periods. Failing to do so will usually lead to losing money, rather than making a profit from the currency carry trade approach”

Page 51: magazine April 2010

April, 2010 [50]

Nickel is stronger, more ductile than structural bridge steel. it is immune to rust, highly resistant to most corrosives and to wear; it is noted for its excellent heat conductivity and heat transfer and is today used on hundreds of processing applications to protect the purity, colour, odor and flavor of the products handled. The metal occurs in the ore form consisting of sulphide, oxide and silicate ores. Around 20 countries in all continents indulge in the mining of nickel and around 25 countries are involved in the refining process. Nickel is also produced through the recycling process. Currently, the world mine production, in the context of nickel is around 1.48 million tonnes per year and the refined nickel production is around 1.37 million tonnes. Russia is the largest nickel producer followed by Japan, Australia, Canada, Norway and China.

NICKLE

Primary Uses-

Due to its low gas content and high strength, Nickel is extensively used for electrical equipment, for the support wires and other parts of incandescent lamps, arc-resisting contact parts, plates and grids in radio tubes, metal parts of X-ray tubes.Nickel is readily fabricated by the usual methods: forging, cold forming, machining, welding and silver brazing, annealing, drawing and spinning. It is also used by many countries in the making of coins, either in pure or alloy forms.

Production and Consumption Forecast

The quantities of nickel produced in the world for the calendar year of 2009 were western countries: 803,900 tonnes, eastern countries (CIS, China, Cuba): 577,500 tonnes and total: 1,381,400 tonnes, having decreased by 3.7% YoY as compared with that of 1,434,000 tonnes in the preceding year of 2008.While 65% of nickel consumption has been shared by production of stainless steel, under the present situation which the world output of crude stainless steel in 2009 had a decline of 5%, the world production of nickel stayed on a reduction by 3.7% and this small decrease of nickel production in 2009 is supposed to be due to the increased production of nickel by China.

Although it is hard to estimate the exact quantity of nickel produced in China for 2009 as the real production of nickel contained pig iron (low grade ferronickel) is not clear, it is generally presumed that China would have produced nickel on a scale of 100,000 tons per annum in 2009. There was a strong view in the market at the beginning of 2009 that China will produce 45,000 tonnes per annum of nickel in nickel contained pig iron but, because of that LME nickel prices in the second half of 2009 fluctuated in the range of USD 7 to USD 9 per pound, a bearish mood in the first half

turned to change to a bullish attitude, by which the production of nickel contained pig iron in China revived to a substantial extent.The production of ferronickel in Japan in 2009 was initially anticipated to have a considerable decrease. However, Japan produced 61,000 tons of nickel in ferronickel in 2009, having maintained a similar level to that in 2008. This aspect was underpinned by a sudden boom, which Japan exported substantial quantities of ferronickel and nickel metal for China in 2009. Although the financial results for January to March quarter of 2008 at nickel producers in Japan had a loss, the nickel production in Japan for the second half of 2009 turned to be sufficiently payable for its cost. Japan exported 32,000 to 33,000 tonnes of nickel in ferronickel in 2009, which had a remarkable increase of 77% compared with that of 18,600 tonnes in 2008 and included 14,000 tonnes shipped to China.

Price Outlook

Cash nickel price of $18,185 ton in 2010, rising to $19,069 a ton in 2011. Nickel producers worldwide idled production or delayed new projects when demand fell, but some are now looking to bounce back. Norilsk, which supplies over half of the world's nickel from its mines deep in the Russian Arctic, suspended its operations in Australia when the crisis shredded demand.LME nickel stocks and also to be absorbed by more imports of nickel into China in 2009. LME nickel stocks were

78,800 tonnes at the beginning of 2009 but increased to 162,000 tonnes as of the end December of 2009. In the immediate future we could see rise in prices backed by low inventories compared to increased demand. Supplies increasingly influence the Nickel market. A short fall of supply is likely to be expected due to challenges faced by new projects, which will take time to resolve.

“Nickel price forecast has increased the most, reflecting its view stainless steel demand will recover enough to push the nickel market into deficit. This, in combination with low inventory levels, will push prices higher in 2010. The analysts have lifted their forecast for 2010 to US$22,800 per tonne, up from US$21,210 per tonne previously in international Market. Nickel prices have risen by around 20 percent this year, making them the best performing LME metal. We Expect, Monetary tightening in China, the world's largest metals user will have little impact on consumption and the country will continue to drive metals demand for years.

Commodity Outlook

Page 52: magazine April 2010

April, 2010 [51]

Crude Crude oil is a naturally-occurring substance found in certain rock formations in the earth. To extract the maximum value from crude, it needs to be refined into petroleum products. The best-known of these is gasoline, or petrol. Others include liquefied petroleum gas (LPG), naphtha, kerosene, gas oil and fuel oil.

Factors That Influence Crude Oil's PriceThe price is influenced by the following factors:

Global oil demandGlobal oil demand has been revised up by 70 kb/d for both 2009 and 2010 on higher than expected non OECD data, which largely offset persistently weak OECD readings. Oil demand is now estimated at 85.0 mb/d in 2009 (1.4% or 1.2 mb/d year on year), and is expected to rise to 86.6 mb/d in 2010 (+1.8% or +1.6 mb/d versus 2009). The latest data confirm that

For the past 50 years, the price of crude oil has been denominated in U.S. dollars. With the fluctuation in the value of the U.S. dollar and the prominence that newer currencies such as the are gaining, OPEC is considering switching crude oil from a U.S. dollar quotation system to either the euro or to a basket of multiple currencies. This could have an adverse affect on oil prices in the short run.

Alternative methods of oil development are gaining prominence. Oil shale and tar sands are becoming viable oil producing sources. As the price of technology begins to decrease, these sources become more accessible to refiners. Methods for turning methane and coal into oil substitutes, first discovered in the 1930s and during WWII, are being explored again. All of these alternatives have the opportunity to upset crude oil prices.

Global warming is considered an unintended consequence of using petroleum-based products. This has led to an aggressive move to develop green energy sources such as electric cars, fuel cells, ethanol, liquid natural gas and others, in the hope that they can potentially reduce the world's reliance on crude oil. As these technologies become more common in the marketplace, they have the ability to displace crude oil.

euro

Outlook 2010-

Expectation for global economic growth during 2010 drives the 2010 forecast for oil consumption growth upwards to 1.5 million barrels per day (bbl/d) from 1.2 million bbl/d in last month's Outlook. This increased growth in 2010 oil consumption supports a firming of crude oil prices at above $80 per barrel this summer and accommodates a further drawdown of commercial oil inventories. While EIA has also reduced its projections for surplus production capacity in the Organization of the Petroleum Exporting Countries (OPEC), surplus capacity remains ample, dampening the likelihood of a large upward swing in prices.

Non-OPEC Supply. Non-OPEC supply increased by 590,000 bbl/d in 2009, the largest annual increase since 2004. supply is projected to increase by 550,000 bbl/d in 2010 before declining slightly in 2011, as declining production in mature areas more than offsets any new production growth. The largest source of supply growth in 2010 is the United States, followed by Brazil, Azerbaijan, and Kazakhstan. Further declines in mature fields in Mexico, the United Kingdom, and Norway are expected in 2010.

OPEC Supply. The forecast assumes that OPEC does not change its target production levels at its scheduled meeting in mid-March. Given expected oil demand growth in 2010, oil prices should continue to firm despite expected increases in both non-OPEC and OPEC

. Non-OPEC

production this year. EIA projects that OPEC production of crude oil and non-crude petroleum liquids, the latter of which are not subject to OPEC production targets, will increase by about 0.4 and 0.6 million bbl/d each year, respectively,OECD Petroleum Inventories. EIA has revised its estimate of OECD commercial oil inventories at the end of 2009 downwards to 2.67 billion barrels, equivalent to about 57 days of forward cover and about 63 million barrels more than the 5-year average for the corresponding time of year, inventories are still projected to remain at the upper end of the historical range over the forecast period.

Crude Oil Prices. WTI crude oil spot prices averaged $76.39 per barrel in February 2010,almost $2 per barrel lower than the prior month's average and very near the $76 per barrel forecast in last month's Outlook.

global oil demand resumed growth on a yearly basis in 4Q09, after five consecutive quarters of decline. Growth has been led by LPG and naphtha on the back of restocking in the petrochemical sector. Assuming that the recovery picks up over the coming quarters, transportation fuels (particularly gasoline and diesel) are expected to take the baton as freight activity increases, while growth in petrochemical feedstock demand should ebb to a more normal pace. In terms of regions, this year's global oil demand growth will be driven entirely by non-OECD countries, with non OECD Asia

alone representing over half of total growth.

Last month, the WTI spot price reached a low of $71.15 on February 5 and peaked at $80.04 on February 22. EIA expects WTI prices to average above $80 per barrel this spring, rising to an average of about $82 per barrel by the end of the year and to $85 per barrel by the end of 2011 Benchmark Crude oil prices were down about $2/bbl on average in February, but the month on month sharp recovery in prices over the last three weeks of the month due to follwing factors-

(I)Oil markets in February were hit by

the financial meltdown in Greece, with widespread fears the crisis would spread to the rest of the Eurozone, conspiring to push prices to six week lows.(II)In Nigeria, renewed violence and attacks on oil infrastructure resumed in February, threatening the country's oil exports yet again after more than six months of relative calm. (III)The global community appears to be moving closer to imposing tougher sanctions on Iran as the country continues to pursue its nuclear ambitions. Plans by the US, UK, Germany and France, among others, to tighten sanctions under the umbrella of the United Nations in response to Tehran's intransigence over its nuclear programme have been stymied by lack of support from China but this is not likely to deter countries from imposing their own tougher sanctions. While Iran has threatened to halt oil exports if further sanctions are implemented, the impact on the market would be muted by the current high levels of stocks.

Last month, the WTI spot price reached a low of $71.15 on February 5 and peaked at $80.04 on February 22. EIA expects WTI prices to average above $80 per barrel this spring, rising to an average of about $82 per barrel by the end of the year and to $85 per barrel by the end of 2011 Benchmark Crude oil prices were down about $2/bbl on average in February, but the month on month sharp recovery in prices over the last three weeks of the month due to follwing factors-

(I)Oil markets in February were hit by

the financial meltdown in Greece, with widespread fears the crisis would spread to the rest of the Eurozone, conspiring to push prices to six week lows.(II)In Nigeria, renewed violence and attacks on oil infrastructure resumed in February, threatening the country's oil exports yet again after more than six months of relative calm. (III)The global community appears to be moving closer to imposing tougher sanctions on Iran as the country continues to pursue its nuclear ambitions. Plans by the US, UK, Germany and France, among others, to tighten sanctions under the umbrella of the United Nations in response to Tehran's intransigence over its nuclear programme have been stymied by lack of support from China but this is not likely to deter countries from imposing their own tougher sanctions. While Iran has threatened to halt oil exports if further sanctions are implemented, the impact on the market would be muted by the current high levels of stocks.

“OPEC production also increased to a 14 month high of 29.2 mb/d in February. In addition, refiners have scheduled a heavier than usual seasonal maintenance work programme over the next several months, which will reduce spot purchases of crude oil. Even China is slated to curtail refinery runs in March after four months of steadily higher throughput rates.The anticipated call on OPEC crude and stocks looks unlikely to breach 29.5 mb/d on a sustained basis, so market fundamentals should continue to provide a brake on upward pr i ce asp i rat ions . Offsetting that, equity and currency markets could continue to play a more bullish role.”

CRUDE IL

Page 53: magazine April 2010

April,2010 [52] April,2010 [53]

GoldGOLD

The global financial crisis, which started as housing collapse in US, has steamrolled into a massive recession, encompassing the developed economies of US, EU, Japan. As a policy response, the US Federal Reserve and other global central banks have resorted to deficit financing and fiat-currency expansion to help st imulate their struggling economies. It is believed that the incidental impact of US Fed's balance-sheet expansion (currency printing) initiative may see an over supply of paper currency. The money supply in the US economy has been increasing year on year. Including $1 trillion in cash infusions, the stimulus plan will pump $9.7 trillion into the economy.Increased money supply may induce hyper inflation in the economy and cause currency devaluation. Gold is a hedge against both these factors. Gold has an inverse relationship with US dollar indicating that gold can protect value against the dollar.Furthermore, the increase in demand for gold has far outstripped the global gold production. This provides a structural momentum to growth in gold prices. For instance, of the world's three biggest gold producers (China, South Africa and Australia) only China has managed to increase gold production in recent years. However, the increase in Chinese gold production has been matched by a corresponding rise in Chinese demand for gold. This implies that the supply/demand balance in gold is becoming increasingly tight. And although interim volatility cannot be ruled out, gold prices are likely to trade higher.

Gold Reserves at a Glance

DemandDemand for gold is widely spread around the world. East Asia, the Indian sub-continent and the Middle East accounted for 70% of world demand in 2008. 55% of demand is attributable to just five countries - India, Italy, Turkey, USA and China, each market driven by a different set of socio-economic and cultural factors. Rapid demographic and other socio-economic changes in many of the key consuming nations are also likely to produce new patterns of demand

Jewellery DemandJewellery consistently accounts for over two-thirds of gold demand. In the 12 months to December 2008, this amounted to around US$61 billion, making jewellery one of the world's largest categories of consumer goods. In terms of retail value, the USA is the largest market for gold jewellery, whereas India is the largest consumer in volume terms,accounting for 24% of demand in 2008. Indian gold demand is supported by cultural and religious traditions which are not directly linked to global economic trends.Investment demandBecause a significant portion of investment demand is transacted in the over-the-counter market, it is not easily measurable. However, there is no doubt that identifiable investment demand in gold has increased considerably in recent years. Since 2003 investment has represented the strongest source of growth in demand, with an increase in the last five years in value terms to the end of 2008 of around 412%. Investment attracted net inflows of approximately US$32bn in 2008.There are a wide range of reasons and motivations for people and institutions seeking to invest in gold. And, clearly, a positive price outlook, underpinned by expectations that the growth in demand for the precious metal will continue to outstrip that of supply, provides a solid rationale for investment. Of the other key drivers of investment demand, one common thread can be identified: all are rooted in gold's abilities to insure against uncertainty and instability and protect against risk.Gold investment can take many forms, and some investors may choose to combine two or more

movements in the gold price is not always clear, especially since it is possible to invest in bullion without actually taking physical delivery. The growth in investment demand has been mirrored by corresponding developments in ways to invest and there are now a wide variety of investment products to suit both the private and institutional investor.

Industrial demandIndustrial, medical and dental uses account for around 11% of gold demand (an annual average of over 440 tonnes from 2004 to 2008). Gold's high thermal and electrical conductivity, and its outstanding resistance to corrosion, explain why over half of all industrial demand arises from its use in electrical components. Gold's use in medical applications has a long history and today, various biomedical applications make use of its bio-compatibility, resistance to bacterial colonization and corrosion, and other attributes. Recent research has uncovered a number of new practical uses for gold, including its use as a catalyst in fuel cells, chemical processing and controlling pollution. The potential to use nanoparticles of gold in advanced electronics, glazing coatings, and cancer treatments are all exciting areas of scientific research.

SupplyMine ProductionGold is produced from mines on every continent except Antarctica, where mining is forbidden. Operations range from the tiny to the enormous and there are several hundred operating gold mines worldwide (excluding mining at the very small-scale, artisanal and often 'unofficial' level). Today, the overall level of global mine production is relatively stable, averaging approximately 2,485 tonnes per year over the last five years. New mines that are being developed are serving to replace current production, rather than to cause any significant expansion in the global total.The comparatively long lead times in gold production, with new mines often taking up to 10 years to come on stream, mean

Central banks

Central banks and supranational organisations (such as the International Monetary Fund) currently hold just under one-fifth of global above-ground stocks of gold as reserve assets (amounting to around 29,600 tonnes, dispersed across 110 organisations). On average, governments hold around 10% of their official reserves as gold, although the proportion varies country-by-country. Although a number of central banks have increased their gold reserves in the past decade, the sector as a whole has typically been a net seller since 1989, contributing an average of 447 tonnes to annual supply flows between 2004 and 2008. Since 1999, the bulk of these sales have been regulated by the Central Bank Gold Agreement/CBGAs (which have stabilised sales from 15 of the world's biggest holders of gold). Significantly, gold sales from official sector sources have been diminishing in recent years. Net central bank sales amounted to just 246 tonnes in 2008.

Gold and inflation

The value of gold, in terms of the real goods and services that it can buy, has remained largely stable for many years. In 1900, the gold price was $20.67/oz, which equates to about $503/oz in today's prices. In the five years to end-December 2008, the price of gold averaged around $606. So the real price of gold has endured a century characterised by sweeping change and repeated geopolitical shocks and more than retained its purchasing power. In contrast, the real value of most currencies has generally declined. Investors in gold can point to a growing body of research supporting gold's reputation as a protector of wealth against the ravages of inflation. Market cycles come and go, but extensive

Gold and the dollar

both internally (i.e. against inflation) and externally (against other currencies).

In the latter case, gold is widely considered to be a particularly effective hedge against fluctuations in the US dollar, the world's main trading currency. While this has been widely believed for many years, it did not, until relatively recently, have formal statistical support. But research in 2004, examining the relationship betwen the gold price and the exchange rate of various currencies against the US dollar from 1971 to June 2002, provided firm evidence of gold's effectiveness as a dollar hedge. The gold price was found to be negatively correlated with the US dollar and this relationship appeared to be consistent overtime and across exchange rates. The research established that despite this period (1971-2002) being one of considerable economic turbulence, gold was, throughout, a consistently good protection against this instabi l i ty and the exchange rate fluctuations it caused.

Portfolio diversificationAsset allocation is an important aspect of any investment strategy. By balancing asset classes of different correlations, investors hope to maximise returns and minimise risk. However, while many investors may believe that their portfolios are adequately diversified, they typically contain only three asset classes - stocks, bonds and cash.To counter adverse movements in a particular asset or asset class, many investors now strive to achieve more effective diversification in their portfolios by incorporating alternative investments such as commodities. While gold has shown strong returns over recent years, its most valuable contribution to a portfolio lies in the fact that it is not correlated with most other assets, as shown in the chart below. This is because the gold price is not driven by the same factors that drive the performance of other assets. The sources of demand for gold are far more diverse - both geographically and sectorally - than those for many other assets, which helps to explain the independence of the gold price as well as why identifiable demand has remained robust in the face of a rally that has spanned several years. The value of gold demand increased by 219% between 2001 and 2008. Moreover, most spending on gold is discretionary. 68% of total identifiable demand over the five years to December 2008 came from the jewellery sector, with a further 20% from investment and 12% from industrial demand. This is unusual for

of these for flexibility. The distinction between buying physical gold and gaining exposure to

mining output is relatively inelastic and unable to react quickly to a change in price outlook. The incentives promised by a sustained price rally, as experienced by gold over the last seven years, are not therefore easily or rapidly translated into increased production.

research from a range of economists has demonstrated that, over the long term, through both inflationary and deflationary periods, gold has consistently maintained its purchasing power. In the short run, experience has shown that gold can deviate from its long-run inflation-hedge price, and, when enjoying a sustained buoyant period, as is currently the case, can offer opportunities for impressive returns.

commodities, where demand is typically driven by non-discretionary spending and is consequently more exposed to the vagaries of the economic cycle. The recent growth in investment demand, at both the institutional and retail level, with a 141% increase in tonnage demand over the last five years (to year-end 2008), has further broadened the demand base for gold, and this can act as a counterbalance when recessionary pressures may dampen consumer demand for jewellery. Gold offers enhanced diversif ication opportunities relative to many alternative assets

ConsumptionIndia is the world's largest consumer of gold, as Indians buy about 25% of the world's gold, purchasing approximately 800 tonnes of gold every year. India is also the largest importer of the yellow metal; in 2008 India imported around 400 tonnes of gold.Future prospects

Gold has a role to play both as a tactical inflation hedge and as a long-term strategic asset. If the world economy experiences resurgence in inflation, then gold, like the other traditional inflation hedges, is likely to outperform mainstream financial assets. Investors who are unsure whether to add a targeted, short-run inflation hedge to their portfolio at this stage should take solace from the fact that gold can be shown to enhance an investors' risk-adjusted returns even in a low to medium inflation environment. The strategic case for gold rests mainly on its effectiveness as a portfolio diversifier. This reflects the unique and diverse drivers of gold demand and supply.During last one year China has doubled its gold holdings to 1,054 tons. Yet that only equals 1.6 per cent of its overall foreign exchange reserves. As China is moving out of US treasuries and into gold, this may trigger the next leg of the run-up in gold. Also according to US Treasury Dept currently, the US government holds about 286.9 million ounces of gold. It has printed about $1.569 trillion worth of paper dollars. If each dollar were to be backed by gold, that would put the price at $5,468.80 an ounce of gold. South African gold output has been falling since 1970. Last year South Africa produced 272 tonnes of gold. The last time South Africa produced less than 260 tonnes of gold was in 1920. Australia saw its gold production slump 13 per cent in the second quarter to an 18-year low. Added to that, there has not been any major gold discovery in years. The Gold rally continues with prices posting fresh all time highs in early October, the rally is expected to continue within an $900-$1,400/oz trading range in 2010. After the turmoil in the financial markets last year a strong rebound has been seen, but with numerous large issues unresolved the rebound seems unsustainable.”The outlook for Gold remains bullish, as it continues to provide a hedge against weakness in fiat currencies and further turmoil in the markets. It should also provide protection against inflation at a later date, the Short term trend is down for gold and investor can take entry near to 1000 $''

Gold has long been regarded by investors as a good protection against depreciation in a currency's value,

Page 54: magazine April 2010

April,2010 [52] April,2010 [53]

GoldGOLD

The global financial crisis, which started as housing collapse in US, has steamrolled into a massive recession, encompassing the developed economies of US, EU, Japan. As a policy response, the US Federal Reserve and other global central banks have resorted to deficit financing and fiat-currency expansion to help st imulate their struggling economies. It is believed that the incidental impact of US Fed's balance-sheet expansion (currency printing) initiative may see an over supply of paper currency. The money supply in the US economy has been increasing year on year. Including $1 trillion in cash infusions, the stimulus plan will pump $9.7 trillion into the economy.Increased money supply may induce hyper inflation in the economy and cause currency devaluation. Gold is a hedge against both these factors. Gold has an inverse relationship with US dollar indicating that gold can protect value against the dollar.Furthermore, the increase in demand for gold has far outstripped the global gold production. This provides a structural momentum to growth in gold prices. For instance, of the world's three biggest gold producers (China, South Africa and Australia) only China has managed to increase gold production in recent years. However, the increase in Chinese gold production has been matched by a corresponding rise in Chinese demand for gold. This implies that the supply/demand balance in gold is becoming increasingly tight. And although interim volatility cannot be ruled out, gold prices are likely to trade higher.

Gold Reserves at a Glance

DemandDemand for gold is widely spread around the world. East Asia, the Indian sub-continent and the Middle East accounted for 70% of world demand in 2008. 55% of demand is attributable to just five countries - India, Italy, Turkey, USA and China, each market driven by a different set of socio-economic and cultural factors. Rapid demographic and other socio-economic changes in many of the key consuming nations are also likely to produce new patterns of demand

Jewellery DemandJewellery consistently accounts for over two-thirds of gold demand. In the 12 months to December 2008, this amounted to around US$61 billion, making jewellery one of the world's largest categories of consumer goods. In terms of retail value, the USA is the largest market for gold jewellery, whereas India is the largest consumer in volume terms,accounting for 24% of demand in 2008. Indian gold demand is supported by cultural and religious traditions which are not directly linked to global economic trends.Investment demandBecause a significant portion of investment demand is transacted in the over-the-counter market, it is not easily measurable. However, there is no doubt that identifiable investment demand in gold has increased considerably in recent years. Since 2003 investment has represented the strongest source of growth in demand, with an increase in the last five years in value terms to the end of 2008 of around 412%. Investment attracted net inflows of approximately US$32bn in 2008.There are a wide range of reasons and motivations for people and institutions seeking to invest in gold. And, clearly, a positive price outlook, underpinned by expectations that the growth in demand for the precious metal will continue to outstrip that of supply, provides a solid rationale for investment. Of the other key drivers of investment demand, one common thread can be identified: all are rooted in gold's abilities to insure against uncertainty and instability and protect against risk.Gold investment can take many forms, and some investors may choose to combine two or more

movements in the gold price is not always clear, especially since it is possible to invest in bullion without actually taking physical delivery. The growth in investment demand has been mirrored by corresponding developments in ways to invest and there are now a wide variety of investment products to suit both the private and institutional investor.

Industrial demandIndustrial, medical and dental uses account for around 11% of gold demand (an annual average of over 440 tonnes from 2004 to 2008). Gold's high thermal and electrical conductivity, and its outstanding resistance to corrosion, explain why over half of all industrial demand arises from its use in electrical components. Gold's use in medical applications has a long history and today, various biomedical applications make use of its bio-compatibility, resistance to bacterial colonization and corrosion, and other attributes. Recent research has uncovered a number of new practical uses for gold, including its use as a catalyst in fuel cells, chemical processing and controlling pollution. The potential to use nanoparticles of gold in advanced electronics, glazing coatings, and cancer treatments are all exciting areas of scientific research.

SupplyMine ProductionGold is produced from mines on every continent except Antarctica, where mining is forbidden. Operations range from the tiny to the enormous and there are several hundred operating gold mines worldwide (excluding mining at the very small-scale, artisanal and often 'unofficial' level). Today, the overall level of global mine production is relatively stable, averaging approximately 2,485 tonnes per year over the last five years. New mines that are being developed are serving to replace current production, rather than to cause any significant expansion in the global total.The comparatively long lead times in gold production, with new mines often taking up to 10 years to come on stream, mean

Central banks

Central banks and supranational organisations (such as the International Monetary Fund) currently hold just under one-fifth of global above-ground stocks of gold as reserve assets (amounting to around 29,600 tonnes, dispersed across 110 organisations). On average, governments hold around 10% of their official reserves as gold, although the proportion varies country-by-country. Although a number of central banks have increased their gold reserves in the past decade, the sector as a whole has typically been a net seller since 1989, contributing an average of 447 tonnes to annual supply flows between 2004 and 2008. Since 1999, the bulk of these sales have been regulated by the Central Bank Gold Agreement/CBGAs (which have stabilised sales from 15 of the world's biggest holders of gold). Significantly, gold sales from official sector sources have been diminishing in recent years. Net central bank sales amounted to just 246 tonnes in 2008.

Gold and inflation

The value of gold, in terms of the real goods and services that it can buy, has remained largely stable for many years. In 1900, the gold price was $20.67/oz, which equates to about $503/oz in today's prices. In the five years to end-December 2008, the price of gold averaged around $606. So the real price of gold has endured a century characterised by sweeping change and repeated geopolitical shocks and more than retained its purchasing power. In contrast, the real value of most currencies has generally declined. Investors in gold can point to a growing body of research supporting gold's reputation as a protector of wealth against the ravages of inflation. Market cycles come and go, but extensive

Gold and the dollar

both internally (i.e. against inflation) and externally (against other currencies).

In the latter case, gold is widely considered to be a particularly effective hedge against fluctuations in the US dollar, the world's main trading currency. While this has been widely believed for many years, it did not, until relatively recently, have formal statistical support. But research in 2004, examining the relationship betwen the gold price and the exchange rate of various currencies against the US dollar from 1971 to June 2002, provided firm evidence of gold's effectiveness as a dollar hedge. The gold price was found to be negatively correlated with the US dollar and this relationship appeared to be consistent overtime and across exchange rates. The research established that despite this period (1971-2002) being one of considerable economic turbulence, gold was, throughout, a consistently good protection against this instabi l i ty and the exchange rate fluctuations it caused.

Portfolio diversificationAsset allocation is an important aspect of any investment strategy. By balancing asset classes of different correlations, investors hope to maximise returns and minimise risk. However, while many investors may believe that their portfolios are adequately diversified, they typically contain only three asset classes - stocks, bonds and cash.To counter adverse movements in a particular asset or asset class, many investors now strive to achieve more effective diversification in their portfolios by incorporating alternative investments such as commodities. While gold has shown strong returns over recent years, its most valuable contribution to a portfolio lies in the fact that it is not correlated with most other assets, as shown in the chart below. This is because the gold price is not driven by the same factors that drive the performance of other assets. The sources of demand for gold are far more diverse - both geographically and sectorally - than those for many other assets, which helps to explain the independence of the gold price as well as why identifiable demand has remained robust in the face of a rally that has spanned several years. The value of gold demand increased by 219% between 2001 and 2008. Moreover, most spending on gold is discretionary. 68% of total identifiable demand over the five years to December 2008 came from the jewellery sector, with a further 20% from investment and 12% from industrial demand. This is unusual for

of these for flexibility. The distinction between buying physical gold and gaining exposure to

mining output is relatively inelastic and unable to react quickly to a change in price outlook. The incentives promised by a sustained price rally, as experienced by gold over the last seven years, are not therefore easily or rapidly translated into increased production.

research from a range of economists has demonstrated that, over the long term, through both inflationary and deflationary periods, gold has consistently maintained its purchasing power. In the short run, experience has shown that gold can deviate from its long-run inflation-hedge price, and, when enjoying a sustained buoyant period, as is currently the case, can offer opportunities for impressive returns.

commodities, where demand is typically driven by non-discretionary spending and is consequently more exposed to the vagaries of the economic cycle. The recent growth in investment demand, at both the institutional and retail level, with a 141% increase in tonnage demand over the last five years (to year-end 2008), has further broadened the demand base for gold, and this can act as a counterbalance when recessionary pressures may dampen consumer demand for jewellery. Gold offers enhanced diversif ication opportunities relative to many alternative assets

ConsumptionIndia is the world's largest consumer of gold, as Indians buy about 25% of the world's gold, purchasing approximately 800 tonnes of gold every year. India is also the largest importer of the yellow metal; in 2008 India imported around 400 tonnes of gold.Future prospects

Gold has a role to play both as a tactical inflation hedge and as a long-term strategic asset. If the world economy experiences resurgence in inflation, then gold, like the other traditional inflation hedges, is likely to outperform mainstream financial assets. Investors who are unsure whether to add a targeted, short-run inflation hedge to their portfolio at this stage should take solace from the fact that gold can be shown to enhance an investors' risk-adjusted returns even in a low to medium inflation environment. The strategic case for gold rests mainly on its effectiveness as a portfolio diversifier. This reflects the unique and diverse drivers of gold demand and supply.During last one year China has doubled its gold holdings to 1,054 tons. Yet that only equals 1.6 per cent of its overall foreign exchange reserves. As China is moving out of US treasuries and into gold, this may trigger the next leg of the run-up in gold. Also according to US Treasury Dept currently, the US government holds about 286.9 million ounces of gold. It has printed about $1.569 trillion worth of paper dollars. If each dollar were to be backed by gold, that would put the price at $5,468.80 an ounce of gold. South African gold output has been falling since 1970. Last year South Africa produced 272 tonnes of gold. The last time South Africa produced less than 260 tonnes of gold was in 1920. Australia saw its gold production slump 13 per cent in the second quarter to an 18-year low. Added to that, there has not been any major gold discovery in years. The Gold rally continues with prices posting fresh all time highs in early October, the rally is expected to continue within an $900-$1,400/oz trading range in 2010. After the turmoil in the financial markets last year a strong rebound has been seen, but with numerous large issues unresolved the rebound seems unsustainable.”The outlook for Gold remains bullish, as it continues to provide a hedge against weakness in fiat currencies and further turmoil in the markets. It should also provide protection against inflation at a later date, the Short term trend is down for gold and investor can take entry near to 1000 $''

Gold has long been regarded by investors as a good protection against depreciation in a currency's value,

Page 55: magazine April 2010

April ,2010 [54] April ,2010 [55]

QUERY TIME

Jasmeet, Ludhiana

I am a new investor in the stock market. I want to invest Rs 2 lakhs for six months to one year .Currently I am considering buying shares of Bharti Airtel for long term. Please advise.

First of all I would like to appreciate your investment idea. As a new investor you should be very well aware of the risk-return reward of the market. The stock you have chosen is industry big player. Recent Bharti-Zain deal is a strategic move even for short term this move is heavy on balance sheet but from long term prospective it is a winning bet. The stock has seen a deep downfall in recent times but has recovered sharply. With vast presence in India and foray into International market move bharti is looking attractive at these levels.

Shristhi, Nagpur

I am a 30-year old homemaker. Firstly, do life insurance companies sell life insurance to housewives and also, do I really need life insurance?

Yes, there are life insurance plans for stay at home mothers. Most insurance companies sell life insurance to housewives, but restrict it to a maximum sum assured, which could differ across the companies

Everyone wants the comfort of knowing that their loved ones are protected. The most direct impact on your loved ones is financial and hence the first person in any family who needs to be covered is the earning member. However , a housewi fe who manages the household also has immense value to the fami l y, t hough f i nanc ia l computation of such value is not easy. Hence you do need insurance to ensure the continued well being of your family. Also , please do endure that the earning member is adequately protected before taking out insurance on your life.

Vijay, Hyderabad

I hold shares of Rolta India purchased at 152.At current market price ,should I continue to hold the stock or book partial profit.

The stock has important support near 150 this is almost the same level of your purchase price. Long term investors can hold this stock as long as its trade above this level. The stock

can rally upto 235 in medium term. However the stock is currently pausing around the key medium term resistance band of 170-190.Investors with short to medium term horizon can book some profit at this level.

Himanshu,Shimla

My financial adviser has recently changed his company and is asking me to drop the previous company's policy and buy a policy from his new company. He say's its better. What should I do?

A life insurance plan is an excellent investment option over the long term. However it takes some time for it to build “cash value”. Thereafter , it grows into an excellent savings and protection product. That is why , even from a regulatory perspective, withdrawal options are allowed only after three years. When you have spent these three years with one product, and discontinue it to start another, you will have a similar three-to four-years “building” period with the next plan. This would not be beneficial for you. Surrender or withdrawal options after three years are provided to allow access to cash in an emergency.

Varun,Delhi

I want to invest in an ELSS fund through SIP from April 2010. At present, I am investing in SBI Magnum Tax Gain (D) through the SIP mode. Please let me know if any good Equity Tax Saver option.

Investing in Equity funds through SIP is an ideal mode of investment. However, it is important to note that ELSS has a lock-in period of 3 years, and therefore, each SIP instalment would be locked in for 3 years from the date of investment. Similarly, dividend reinvestments would have a lock-in period of 3 years as well, and therefore, you can consider dividend payout or growth options, depending on your investment need. You can consider Fidelity Tax Advantage Fund, Franklin India Tax Shield and Sundaram BNP Paribas Tax Saver, which have performed well over long term on quantitative parameters

Geeta Ambala

I am 35 year old and wish to invest to create a corpus for my children's education. Which mutual fund do you suggest for the purpose? My investment horizon is around 15-20 years.

Given your investment horizon, investing in diversified equity funds through systematic investment plan can be considered. The SIP route helps to reduce cost of investments due to equity market volatility and can boost investment returns over the long term. In diversified equity funds, you could consider DSPBR Top 100 Equity, HDFC Top 200, Fidelity Equity and Birla Sun Life Frontline Equity.

Amit, Faridabad

I am an NRI, aged 43 years, and visit India a couple of times in a year. I am keen to take a medical insurance policy for myself here. Is it possible to take it without medical check-up, do I have to come down to India to take it?Mediclaim policies in India will give you coverage only during your stay here. Any mediclaim bought in India, except travel insurance, covers for medical expenditure done in India only. You will not be required to get medical tests done till the age of 45 years to buy a mediclaim policy here. You will have to give a declaration of your health however.

Tapasya, Bhuvnashwer

My mother is 80-years-old has around Rs 8 lakh available for immediate investment. She has utilised the entire Rs 15-lakh limit in senior citizens scheme. Where should she invest?

Considering the age of your mother, We advise her to invest in safe financial instruments such as Post Office-Monthly Income Scheme or government bonds.

M P Singh, Amritsar

I am going to retire in April 30, 2010. I shall be getting around Rs 40 lakh as retirement benefits and a monthly pension of Rs 30,000, plus a facility of free medical treatment/reimbursement for my family. What should be my investment plan?

We recommend to diversify your fund and park it into different assets class but with minimum exposure to equity .Keep around Rs 2 lakh in money market MF scheme for contingency needs. Invest Rs 15 lakh in senior citizen saving scheme and you can invest the rest in MFs-Monthly Income Plan.

My parents are 65 years old and do not suffer from any diseases. Till date, they have never gone for any health insurance. I am wondering if they should take any insurance and if so, which company can give them insurance?

You have two options available for you viz. National Insurance Varistha mediclaim — where you can be covered for Rs 1 lakh medi-claim — and another Rs 2 lakh exclusively for reimbursement of critical illnesses. Star Health-Senior Citizens Red Carpet health insurance plan offers a coverage up to Rs 2 lakh. Pre-existing diseases are also covered from second year onwards.

I AM 42 YEARS Old and have been detected with Type II diabetes.I am on a low dosage medication. Currently , I have LIC and other policies worth Rs 10 lakhs.

Star Health & Allied Insurance Company offers an exclusive plan for people affected by Diabetes Mallitus type II and offers insurance cover. Also, you can buy National Insurance Parivar Policy, which is a floater plan. You will have to make an additional 10% premium payment for covering diabetes too.

There will be a co-payment clause of 10% in this plan. The insured shall have to bear 10% of any admissible claim, if he is suffering from diabetes. This provision is applicable only for claims arising out of diabetes. Considering your age and the limited information that you have provided, you can buy Rs 40-50 lakh of insurance. It'll not be easy to get life insurance with diabetes that you have, but you can try with some leading companies like LIC, ICICI Prudential and Birla Sun Life Insurance and they might give you life insurance coverage by charging an extra premium.

I am 24 years old working with MNC .I want to start investing in Share Market for 3-5 years. Pls. suggest .

As you are young professional at this time you do not have to worry much about your children or parents as they must be working and not dependent on you. So start investing early through mutual funds equity schemes for long term, continue your systematic investment plan(SIP) –through thic and thin .

Neha Jammu

Ankit Saharnpur

Piyush Pune

Page 56: magazine April 2010

April ,2010 [54] April ,2010 [55]

QUERY TIME

Jasmeet, Ludhiana

I am a new investor in the stock market. I want to invest Rs 2 lakhs for six months to one year .Currently I am considering buying shares of Bharti Airtel for long term. Please advise.

First of all I would like to appreciate your investment idea. As a new investor you should be very well aware of the risk-return reward of the market. The stock you have chosen is industry big player. Recent Bharti-Zain deal is a strategic move even for short term this move is heavy on balance sheet but from long term prospective it is a winning bet. The stock has seen a deep downfall in recent times but has recovered sharply. With vast presence in India and foray into International market move bharti is looking attractive at these levels.

Shristhi, Nagpur

I am a 30-year old homemaker. Firstly, do life insurance companies sell life insurance to housewives and also, do I really need life insurance?

Yes, there are life insurance plans for stay at home mothers. Most insurance companies sell life insurance to housewives, but restrict it to a maximum sum assured, which could differ across the companies

Everyone wants the comfort of knowing that their loved ones are protected. The most direct impact on your loved ones is financial and hence the first person in any family who needs to be covered is the earning member. However , a housewi fe who manages the household also has immense value to the fami l y, t hough f i nanc ia l computation of such value is not easy. Hence you do need insurance to ensure the continued well being of your family. Also , please do endure that the earning member is adequately protected before taking out insurance on your life.

Vijay, Hyderabad

I hold shares of Rolta India purchased at 152.At current market price ,should I continue to hold the stock or book partial profit.

The stock has important support near 150 this is almost the same level of your purchase price. Long term investors can hold this stock as long as its trade above this level. The stock

can rally upto 235 in medium term. However the stock is currently pausing around the key medium term resistance band of 170-190.Investors with short to medium term horizon can book some profit at this level.

Himanshu,Shimla

My financial adviser has recently changed his company and is asking me to drop the previous company's policy and buy a policy from his new company. He say's its better. What should I do?

A life insurance plan is an excellent investment option over the long term. However it takes some time for it to build “cash value”. Thereafter , it grows into an excellent savings and protection product. That is why , even from a regulatory perspective, withdrawal options are allowed only after three years. When you have spent these three years with one product, and discontinue it to start another, you will have a similar three-to four-years “building” period with the next plan. This would not be beneficial for you. Surrender or withdrawal options after three years are provided to allow access to cash in an emergency.

Varun,Delhi

I want to invest in an ELSS fund through SIP from April 2010. At present, I am investing in SBI Magnum Tax Gain (D) through the SIP mode. Please let me know if any good Equity Tax Saver option.

Investing in Equity funds through SIP is an ideal mode of investment. However, it is important to note that ELSS has a lock-in period of 3 years, and therefore, each SIP instalment would be locked in for 3 years from the date of investment. Similarly, dividend reinvestments would have a lock-in period of 3 years as well, and therefore, you can consider dividend payout or growth options, depending on your investment need. You can consider Fidelity Tax Advantage Fund, Franklin India Tax Shield and Sundaram BNP Paribas Tax Saver, which have performed well over long term on quantitative parameters

Geeta Ambala

I am 35 year old and wish to invest to create a corpus for my children's education. Which mutual fund do you suggest for the purpose? My investment horizon is around 15-20 years.

Given your investment horizon, investing in diversified equity funds through systematic investment plan can be considered. The SIP route helps to reduce cost of investments due to equity market volatility and can boost investment returns over the long term. In diversified equity funds, you could consider DSPBR Top 100 Equity, HDFC Top 200, Fidelity Equity and Birla Sun Life Frontline Equity.

Amit, Faridabad

I am an NRI, aged 43 years, and visit India a couple of times in a year. I am keen to take a medical insurance policy for myself here. Is it possible to take it without medical check-up, do I have to come down to India to take it?Mediclaim policies in India will give you coverage only during your stay here. Any mediclaim bought in India, except travel insurance, covers for medical expenditure done in India only. You will not be required to get medical tests done till the age of 45 years to buy a mediclaim policy here. You will have to give a declaration of your health however.

Tapasya, Bhuvnashwer

My mother is 80-years-old has around Rs 8 lakh available for immediate investment. She has utilised the entire Rs 15-lakh limit in senior citizens scheme. Where should she invest?

Considering the age of your mother, We advise her to invest in safe financial instruments such as Post Office-Monthly Income Scheme or government bonds.

M P Singh, Amritsar

I am going to retire in April 30, 2010. I shall be getting around Rs 40 lakh as retirement benefits and a monthly pension of Rs 30,000, plus a facility of free medical treatment/reimbursement for my family. What should be my investment plan?

We recommend to diversify your fund and park it into different assets class but with minimum exposure to equity .Keep around Rs 2 lakh in money market MF scheme for contingency needs. Invest Rs 15 lakh in senior citizen saving scheme and you can invest the rest in MFs-Monthly Income Plan.

My parents are 65 years old and do not suffer from any diseases. Till date, they have never gone for any health insurance. I am wondering if they should take any insurance and if so, which company can give them insurance?

You have two options available for you viz. National Insurance Varistha mediclaim — where you can be covered for Rs 1 lakh medi-claim — and another Rs 2 lakh exclusively for reimbursement of critical illnesses. Star Health-Senior Citizens Red Carpet health insurance plan offers a coverage up to Rs 2 lakh. Pre-existing diseases are also covered from second year onwards.

I AM 42 YEARS Old and have been detected with Type II diabetes.I am on a low dosage medication. Currently , I have LIC and other policies worth Rs 10 lakhs.

Star Health & Allied Insurance Company offers an exclusive plan for people affected by Diabetes Mallitus type II and offers insurance cover. Also, you can buy National Insurance Parivar Policy, which is a floater plan. You will have to make an additional 10% premium payment for covering diabetes too.

There will be a co-payment clause of 10% in this plan. The insured shall have to bear 10% of any admissible claim, if he is suffering from diabetes. This provision is applicable only for claims arising out of diabetes. Considering your age and the limited information that you have provided, you can buy Rs 40-50 lakh of insurance. It'll not be easy to get life insurance with diabetes that you have, but you can try with some leading companies like LIC, ICICI Prudential and Birla Sun Life Insurance and they might give you life insurance coverage by charging an extra premium.

I am 24 years old working with MNC .I want to start investing in Share Market for 3-5 years. Pls. suggest .

As you are young professional at this time you do not have to worry much about your children or parents as they must be working and not dependent on you. So start investing early through mutual funds equity schemes for long term, continue your systematic investment plan(SIP) –through thic and thin .

Neha Jammu

Ankit Saharnpur

Piyush Pune

Page 57: magazine April 2010

April ,2010 [56]

MAIL BOX

Cover Story: Global WarriorsAuto Insurance:

I am a regular subscriber of your magazine, last month article given on Auto insurance was pretty instructive .It would be good for us if you can give throw some light on ULIPS available. I want to have one in my portfolio. As these products are a helping tool for the tax planning to professional like us.

Supriya Delhi

Review and Analysis:

I have subscribed investment monitor last month only. First of all I congratulate you all for such a educational handout for new investor like me. All the articles are of value. The review and analysis ,prime economic indicators all the data and figures give the glimpse of the hot favorites in the market and help us to pick the best one among all.

Abhishek Arora, Panipat

Data Monitor:I am a regular reader of your magazine .The magazine is an insight into the Indian Stock and commodity market .All the information I found quite valuable. However I particular find data monitor an quite useful tool .The information given herein is precise and accurate.

Stock Ideas:I really liked the March issue of investment monitor. I am an active participant in the market and do trading on regular basis. I participate in the market as short term investor .I particular like the technical analysis and stock ideas as they give the idea which stock to buy in this volatile market. I have made good money by following your tips. I hope you will continue with such good reports.

Anurag, Chennai

Commodi ty Spec ia l Report:I am a trader having exposure in commodity market more than equity market. I really like the articles in commodity section .The articles cover all the fundamental information about the particular commodity. But it would be more useful to me if you emphasize more on Agri commodities.

Shantnu, Agra

Investor Education

I am a regular subscriber of your magazine. I like the articles given in the section which covers educational article ,last month article on Interest rate was quite impressive. I am an MBA student these topics are of great importance for me as I got equipped with financial terms and topics and upgrade my knowledge in very simple and basic language

Saurabh, vadodra

Supriya, Pune