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CP-Artha morning notes-30 april 2013

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CP-Artha morning notes-30 april 2013

  1. 1. VValuehuntContact Us:E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080Morning Notes – 30 April 2013Good Morning!!Yesterday’s special situation pick and our rating on itPiramal Glass Limited – Divestiture of land in Sri Lankaa. Business –Company is a manufacturer of glass containers for the cosmetics and perfumery,pharmaceuticals and specialty food and beverage industriesb. Special situation–On last Friday, company announced the sale of land in Sri Lanka for INR 151.7 million.c. Fundamentals–Last three quarters company’s fundamental is dripping down where the operating marginare down substantially due to 18% to 10%. Net income margin are even worse to 1% from 6%. Return onequity is down from 26% to 5%. The investment of working capital had increased from 17% to 33%d. Valuation–The divestiture of land is not very big in terms of value that would make an impact on thecurrent valuation. Overall valuation is not very impressive unless there is a sign of recovery in thefundamentals of the companye. CP-Artha’s Rating–As said earlier, special situation may not be impacting the valuation substantially. Weshall put this stock on watchlist till next two quarters and watch whether the fundamentals would change.For time being our rating on this stock is Avoid.Market Commentary
  2. 2. VValuehuntCompany Special Situation CommentsNo Special Situation Stock for Today!ClosePricePointsChange(%)Nifty 5,904 32.6 0.5Sensex 19,387 100.8 0.5Nikkei 13,884 (41.9) (0.3)Straight Time 3,362 13.0 0.4Hang Seng 22,580 33.0 0.1Shanghai 2,178 (21.4) (0.9)FTSE 100 6,458 31.6 0.5CAC 40 3,868 58.6 1.5DAX 7,873 58.7 0.7DJIA 14,818 106.2 0.7S&P 500 1,593 11.4 0.7NASDAQ 3,307 27.7 0.8Global IndicesClose Price Change (%)Realty 1,922 1.5Oil & Gas 8,739 0.6Metal 8,569 (0.8)Bankex 14,411 0.5Capital Goods 9,765 0.1Power 1,757 1.4IT 5,673 1.0Auto 10,906 0.5FMCG 6,257 2.3HeathCare 8,618 (0.1)Sectoral IndicesBuy SellFII (Rs.mn) 28,554 22,350Change (%) (14%) (28%)DII (Rs.mn) 10,146 13,808Change (%) (2%) (2%)**FII – Foreign Institutional Investor**DII – Domestic Institutional InvestorFII & DII TurnoverSpecial Situation Stocks5,6005,8006,00018-Apr-13 29-Apr-13Nifty5,9040.56%Nifty MovementContact Us:E-Mail : dhananjayan@artha-cap.com | Mobile : +91 96294 74080Change (%)INR - USD 54.37 (0.1)INR - EUR 70.95 0.1INR - GBP 84.39 0.3JPY – USD 97.50 (0.5)CurrencyContact Us:E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080Morning Notes – 30 April 2013
  3. 3. VValuehuntEconomic Times Business Standard Direct cash through Aadhaar to save 0.5% of GDP:IMF Pharma cos should have clear rules in India: Germany CCI gives green signal to Cargill JV in N America H&M seeks govt nod to invest in single brand stores Airtel launches flat roaming rates in Africa Ruchi Soya enters into JV with Kagome, Mitsui NRL signs agreement with SBI to raise $ 90 million COMPAT rejects plea against CCI in tyre cartel case Rs 9,000 crore earmarked for loans to MSME sector:SBHBusiness Line Stocks to crash and gold to reach $10,000 Markets end higher on strong HUL, Hero Moto results Dalal Street seen on the edge in May Amfi may bring distributors abroad under its net Bourses may shift 7 scrips to normal trading: Sebi Reward for an Idea: Upgraded on rising volumes, data share MCX-SX to launch F&O contracts on benchmark index Inflation-indexed bonds may find flavor with institutionalinvestors Scotts Garments IPO extended to May 3Money Control IFC to light homes not connected by electricitynetwork in India L&T set to bag Rs 2,100-cr order for TN solar plant Nucleus Software eyes buys to boost financialservices Ban on roaming pacts may snap Tata Tele’s 2Gservice Anti-dumping duty to continue on carbon blackimports from 4 countries IOB Q4 net tanks 89% on higher provisions, shares drop 7% Polaris eyes double digit dollar revenue growth in FY14 Sterlite up despite Tuticorin verdict, all eyes on Q4 nos Robust order pipeline; margins to expand further: Hexaware Why India is Mark Matthews top pick among EMs FY13 revenue growth could be closer to 18%: Rolta India BSE Sensex ends up 100 pts; ITC hits life high, IT stocks up HUL Q4 beats street, net up 14.6%; stock risesNote : Click on article to read the respective newsHeadline NewsCompanyClosePriceChange (%)Hind. Unilever 497.35 6.95Reliance Infra. 382.25 4.31IndusInd Bank 477.70 4.27Hero Motocorp 1,648.80 3.25JP Associates 77.05 2.73Nifty GainersCompanyClosePriceChange (%)Jindal Steel 301.30 (4.33)NMDC 123.55 (2.37)Coal India 313.45 (1.74)Sun Pharma.Inds. 940.50 (1.63)Hind. Unilever 185.05 (1.33)Nifty LosersRs. Change (%)Crude (Rs/Bbl) 5,127 1.1Gold (Rs/10 grms) 27,180 (0.1)Silver (Rs/Kg) 45,400 0.8Copper (Rs/Kg) 386 0.9Note: MCX near month Futures PriceCommodityContact Us:E-Mail : dhananjayan.jayabal@cp-artha.co | Mobile : +91 96294 74080Morning Notes – 30 April 2013
  4. 4. VValuehuntCompany Buyer / SellerTransactionDateBuy/SaleShares Trans. Holding afterTrans.Quantity %ActionConstructionEquipmentLtdMona Agarwal 22/03/2013 B 41,553 26.84Aditya BirlaNuvo LtdIGH Holdings PvtLtd26/03/2013 B 6,180,000 7.59CentumElectronicsLtdBharat J Patel 18/03/2013 B 730,930OrchidChemicals &Pharmaceuticals LtdR Vijayalakshmi 22/01/2013 S 100,000 9.61RDBRasayans LtdSheetal Dugar 26/03/2013 B 2,673 23.24RenaissanceJewellery LtdKalpana N Shah 25/03/2013 B 73,686 5.7Insider TradingCompany Client NameBuy/SaleQuantity %ADI RasayanARNAV GREEN ENERGYLIMITEDB 62,000 16.05Kwality Cred DHARMENDRA KOTHARI S 50,000 63.3Lords Chemicals ASHWIN RASIKLAL JANI B 100,000 18.6** Weighted AverageBulk Deal (BSE/NSE)Company Ex-Date Purpose Rs.ABB 30 Apr 2013 Final Dividend 3.00Puravankara Proj 30 Apr 2013 Interim Dividend 2.50De Nora India 02 May 2013 Final Dividend 7.00Corporate ActionDisclaimer:Reports prepared by CP-Artha Financial Advisory Private Ltd contain selected information and do not purport to be complete. The reports based on publicly availableinformation 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 theaccuracy and completeness of the statements, estimations and the conclusions derived from the Information contained in these documents.Morning Notes – 30 April 2013

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