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1. VValuehunt
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E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080
Morning Notes – 02 May 2013
Good Morning!!
Today’s special situation picks -NTPC Ltd and our rating on it
NTPC Limited – Company consider to give special dividend
a. Business –Company engaged in the generation and sale of bulk power to state power. The Company’s other business
includes providing consultancy, project management and supervision, oil and gas exploration, and coal mining. As of
March 31, 2012, the Company had installed capacity in India was 199877.03 mega-watts. During the fiscal year ended
March 31, 2012, the Company added 2,820 mega-watts of installed capacity. As of March 31, 2012, the Company had five
subsidiaries: NTPC Electric Supply Company Limited, NTPC Vidyut Vyapar Nigam Limited, NTPC Hydro Limited, Kanti Bijlee
Utpadan Nigam Limited and Bhartiya Rail Bijlee Company Limited
b. Special situation–On 26 April 2013, company announced that it is going to consider paying special dividend along with
regular dividend
c. Fundamentals& valuation–Highly capital intensive business. In the last five years, free cash flow is negative. But power
business is the basic need for growing economy like India. So definitely this business has got good long term holding in
terms of value
d. CP-Artha’s Rating–This is a kind of blue chip stock where Government of India is major shareholder holding 75% of the
company. It is always good to hold this stock but for very long term say 10 years from now. Buy but for long term of at
least 10 years from now.
Market Commentary

2. VValuehunt
Company Special Situation Comments
Premier Ltd Special Dividend
Company along with regular dividend, declared one-time special
dividend of Rs 4 per share
ZEN Technologies Ltd Buyback
Company in its board meeting on 22 Apr 2013, decided that the
maximum amount that can be utilized in the present Buyback is Rs.
1,036.60 lakhs and the amount proposed to be expended for the
Buyback is Rs. 1,000.00 lakhs (including brokerage and other
charges, if any) (“Buyback Size”), which is 9.65 % of the paid up
capital and free reserves of the Company as at March 31, 2012and
the maximum buyback price of Rs. 90/- per share
Maharashtra Seamless Ltd Buyback
Company in its board meeting on 22 Apr 2013, decided that , the
funds deployed for buy-back shall not exceed 10% of paid-up capital
and free reserves of the Company. Accordingly, the maximum
amount that can be utilized in the present buy-back is Rs 208.34
Crores. The aggregate amount proposed to be expended for the
buy-back is Rs 100 Crores. The Board has proposed Buyback at a
maximum buy-back price not exceeding Rs 300 /- per equity share
excluding Transaction Costs
Close
Price
Points
Change
(%)
Nifty 5,930 26.1 0.4
Sensex 19,504 116.7 0.6
Nikkei 13,799 (84.6) (0.6)
Straight Time 3,362 13.0 0.4
Hang Seng 22,580 33.0 0.1
Shanghai 2,178 (21.4) (0.9)
FTSE 100 6,451 21.2 0.3
CAC 40 3,856 (11.9) (0.3)
DAX 7,913 40.2 0.5
DJIA 14,701 (138.8) (0.9)
S&P 500 1,582 (14.8) (0.9)
NASDAQ 3,299 (29.7) (0.9)
Global Indices
Close Price Change (%)
Realty 1,901 (1.1)
Oil & Gas 8,711 (0.3)
Metal 8,651 1.0
Bankex 14,364 (0.3)
Capital Goods 9,719 (0.5)
Power 1,762 0.3
IT 5,710 0.7
Auto 10,958 0.5
FMCG 6,549 4.7
HeathCare 8,691 0.9
Sectoral Indices
Buy Sell
FII (Rs.mn) 36,927 28,158
Change (%) 29% 26%
DII (Rs.mn) 11,193 14,665
Change (%) 10% 6%
**FII – Foreign Institutional Investor
**DII – Domestic Institutional Investor
FII & DII Turnover
Special Situation Stocks
5,700
5,900
6,100
22-Apr-13 30-Apr-13
Nifty
5,930
0.44%
Nifty Movement
Contact Us:
E-Mail : dhananjayan@artha-cap.com | Mobile : +91 96294 74080
Change (%)
INR - USD 53.71 (1.2)
INR - EUR 70.70 (0.3)
INR - GBP 83.41 (1.2)
JPY – USD 97.27 (0.2)
Currency
Contact Us:
E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080
Morning Notes – 02 May 2013

3. VValuehunt
Economic Times Business Standard
 Teva settles patent dispute with Orchid Pharma
 Cartelisation case against Tata Chemicals disposed
 Amul to begin international auction of dairy products
 'PMA policy to hamper growth of manufacturing ind'
 'Tier II cities, ind townships new retail hotspots'
 Oil pool plan for Iran crude insufficient: New India
 Mahindra & Mahindra tractor sales up 38% in April
 IL&FS Investment Managers January-March quarter
net down 22%
 ICICI prudential gets over Rs 130 cr tax notice
Business Line
 Airtel plans fresh equity issue to raise Rs 6,500 cr
 Shutdown of copper plant to weigh on Sterlite's prospects
 Ambit's new hedge fund comes with high risks and high
rewards: Andrew Holland
 Muted show, outlook weak for TVS Motor
 End of behavioural finance
 Markets cheer new tax residency certificate rules
 Investors find India a 'tease' mkt: Citi
 Jet-Etihad alliance triggers open offer, says SES
 SAT admits Osian's art fund appeal against Sebi order
Money Control
 GlaxoSmithKline Consumer net rises to Rs 156 cr in
Q1
 Tata Sky gets ‘Active’ on value-added services
 TBZ plans 16 stores in 2013-14
 Apex court clears hurdles for FDI in multi-brand retail
 Mixed trend in two-wheeler sales in April
 L&T, Sojitz may bag Rs 6,700-cr rail freight corridor
contract
 Tata Metaliks posts Rs 55-cr loss on unit closure
 S&P 500 ends at record high on Apple, economic data
 6 reasons why Subbarao should hold rates on 3 May 16
 Diageo's open offer for 26% stake in United Spirits fails
 Finance Bill 2013: Key changes in tax residency certificate
 Petrol prices cut by Rs 2.50/litre; no change in diesel price
 India's CAD to come down to 2.5% of GDP in 2-3 yrs:
Montek
 FM cuts tax on interest in govt, corp debt for foreigners
Note : Click on article to read the respective news
Headline News
Company
Close
Price
Change (%)
Hind. Unilever 583.80 17.38
HCL Technologies 721.40 2.94
M & M 924.10 2.43
Lupin 702.60 2.33
Sesa Goa 158.75 2.29
Nifty Gainers
Company
Close
Price
Change (%)
I D F C 152.95 (2.49)
JP Associates 75.25 (2.34)
Punjab Natl.Bank 767.90 (2.15)
IndusInd Bank 467.75 (2.08)
H D F C 847.60 (1.92)
Nifty Losers
Rs. Change (%)
Crude (Rs/Bbl) 4,875 (2.8)
Gold (Rs/10 grms) 26,548 (1.3)
Silver (Rs/Kg) 44,022 (2.6)
Copper (Rs/Kg) 367 (3.3)
Note: MCX near month Futures Price
Commodity
Contact Us:
E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080
Morning Notes – 02 May 2013

4. VValuehunt
Company Buyer / Seller
Transaction
Date
Buy
/Sale
Shares Trans. Holdin
g after
Trans.
Quantity %
Educomp
Solutions Ltd
Shantanu Prakash 2/3/2013 S 9,180,000 28.7
Golden
Goenka
Fincorp Ltd
Girdhari Lal
Goenka
8/4/2013 B 73,643 0.6
Golden
Goenka
Fincorp Ltd
Raj Goenka 8/4/2013 B 30,000 0.27
Kohinoor
Foods Ltd
Jugal Kishore Arora 3/4/2013 B 69,635 17.75
Kohinoor
Foods Ltd
Satnam Arora 4/4/2013 B 100,000 15.66
Visesh
Infotecnics
Ltd
Peeyush Aggarwal 22/03/2013 S 3,799,226 20.84
Insider Trading
Company Client Name
Buy
/Sale
Quantity %
Beryl Drugs
KAILASHBEN
NATWARLAL SHAH
B 45,000 27.55
Focus Ind
KESRI INDUSTRIAL LAB
PRIVATE LIMITED
B 73,050 73.63
Ponni Sugar Erod
BHARAT JAYAMTILAL
PATEL
B 70,000 372
** Weighted Average
Bulk Deal (BSE/NSE)
Company Ex-Date Purpose Rs.
De Nora India 02 May 2013 Final Dividend 7.00
Marico 03 May 2013 2nd Interim Dividend 0.50
Mindtree 03 May 2013 2nd Interim Dividend 4.00
Corporate Action
Disclaimer:
Reports prepared by CP-Artha Financial Advisory Private Ltd contain selected information and do not purport to be complete. The reports based on publicly available
information and data ("the Information") believed to be accurate and complete. Possible errors or incompleteness of the Information do not constitute grounds for liability,
neither with regard to indirect nor to direct or consequential damages. CP-Artha Financial Advisory Private Ltd, their shareholders and employees are not liable for the
accuracy and completeness of the statements, estimations and the conclusions derived from the Information contained in these documents.
Morning Notes – 02 May 2013