V Valuehunt Morning Notes – 22 November 2012 Market Commentary Domestic Institutional Investors (DII) is selling! What does it mean? For the last 30 trading days, DII had sold INR 52,431 million worth of stocks. Guess who is the buyer? Foreign Institutional Investors (FII). DII sells – FII buys! This is a sign of market weakness. This is a clear indicator that market valuation is not justified. Who else would know much better about the market than its own people? DIIs are from this country – they might know better about this country. They are making use of this situation and cashing their money. So as value investors, better be patient in the current market scenario. Unlike market experts think, we strongly believe that market will correct in coming days. CP-Artha Model Portfolio Our holdings: 1. FDC Ltd 2. Gujarat State Fertilizers & Chemicals Ltd (GFSC) 3. Menon Bearings Ltd 4. Jindal Poly Films Ltd 5. Parrys Sugar Industries Ltd 6. Kilitch Drugs India Ltd 7. Brescon Advisors & Holdings Ltd 8. Liberty Phosphate Ltd 9. Rossell India LtdContact Us:E-Mail : firstname.lastname@example.org | Mobile : +91 96294 74080
V Valuehunt Morning Notes – 22 November 2012Global Indices Nifty Movement FII & DII Turnover Currency Close Change 5,900 Points Buy Sell Change (%) Price (%) FII (Rs.mn) 20,706 18,880 INR - USD 55.29 0.3Nifty 5,641 43.2 0.8 Nifty 5,615 Change (%) (13%) (16%)Sensex 18,460 131.1 0.7 5,700 INR - EUR 70.49 (0.2) 0.78% DII (Rs.mn) 7,564 8,895 INR - GBP 87.94 0.2Nikkei 9,223 (95.5) (1.0) Change (%) (2%) 14% JPY – USD 81.80 0.1Straight Time 2960 3.3 0.1 5,500Hang Seng 21,524 296.4 1.4 **FII – Foreign Institutional Investor 13-Nov-12 21-Nov-12 **DII – Domestic Institutional InvestorShanghai 2,030 21.3 1.1FTSE 100 5,752 3.9 0.1CAC 40 3,477 15.3 0.4 Special Situation StocksDAX 7,184 11.7 0.1DJIA 12,836 48.4 0.4S&P 500 1,391 3.2 0.2 Company Special Situation CommentsNASDAQ 2,926 9.9 0.3 Stock plunged more than 20% due to parentSectoral Indices Honeywell Plunger company trying to sell 6% to make public Close Price Change (%) Automation India LtdRealty 1,878 2.5 holding 25%Oil & Gas 8,005 0.4Metal 9,791 0.7Bankex 13,156 1.3Capital Goods 10,512 0.2Power 1,919 (1.0)IT 5,684 0.9 Company to decide on buyback of equityAuto 10,550 (0.2) Geodesic Ltd BuybackFMCG 5,780 1.4 shares of the CompanyHeathCare 7,696 0.8Contact Us:E-Mail : email@example.com | Mobile : +91 96294 74080
V Valuehunt Morning Notes – 22 November 2012 Nifty Gainers Headline News Economic Times Business Standard Close Change (%) Company Price RBI overplaying inflation; must focus on growth: SpiceJet to raise capital through preferential allotment JP Associates 88.80 3.38 Bhagwati Sun Pharma.Inds. 700.45 2.54 HPs $8.8bn write-off pulls down MphasiS stock Cipla 389.40 2.51 Pharma exports to touch $ 25 bn by 2014-15 Discontinuing mini derivative contracts to hurt retail Tata Power Co. 100.60 2.18 DB Realty arm may sell stake in hotel project investors ICICI Bank 1,044.45 1.99 Ashok Leylands new fuel efficient technology Markets end higher led by private banks No plan to acquire any telecom player: SSTL Indirect tax collection rises 17% in April-Oct Nifty Losers SAILs inventory starts shrinking Euro zone, IMF fail to strike Greek debt deal FMCG cos betting on chemists to push sales of Close LIC, EPFO to pick up AIs Rs 7,400 cr bond issue at 9.08% Company Price Change (%) products Which way is the market headed NTPC 162.00 (3.77) Government is not considering raising RIL gas price BHEL 222.20 (2.61) before 2014: Veerappa Moily NTPC dips on disinvestment buzz Power Grid Corpn 120.10 (1.64) Cairn India 327.65 (1.21) Business Line Money Control Lupin 563.00 (0.91) Cipla offers $220 m for 51% stake in S. Africa’s Cipla Govt ups LIC investment limit to 30%; IRDA miffed Medpro Mkt may move up to 5800 resting on major reforms: Reliance Ind’s D6 to see action after 15 months Expert Commodity MSPL to invest Rs 300 cr for gold mining in Karnataka FinMin eager to roll out GAAR from April 2014: Sources Rs. Change (%) JLR to invest Rs 18,000 crore a year on capex Govt to sell 4% stake in Hindustan Copper on Friday Crude (Rs/Bbl) 4,823 0.3 Gold (Rs/10 grms) 31,783 0.1 Morgan Stanley downgrades Tata Global Beverages 2G auctions: Montek says reserve price too high; EGoM to Silver (Rs/Kg) 62,023 0.8 decide course OVL to raise $1 b via bonds to fund Azeri acquisition Copper (Rs/Kg) 426 (0.4) RBI rejected bankers plea for rate cut in pre-policy meet Money laundering case: Mahindra Satyam gets noticeNote: MCX near month Futures Price Note : Click on article to read the respective newsContact Us:E-Mail : firstname.lastname@example.org | Mobile : +91 96294 74080
V Valuehunt Morning Notes – 22 November 2012 Insider Trading Bulk Deal (BSE/NSE) Shares Trans. Holding Buy Transaction Buy Company Client Name Quantity %Company Buyer / Seller after /Sale Date /Sale Quantity % Trans. CROSSEAS CAPITAL Heritage Foods SERVICES PRIVATE S 106,691 525.52 Pranali LIMITEDAdinath Bio- Commodities Pvt 8/10/2012 B 3,247,992Labs Ltd Ltd CROSSEAS CAPITAL Heritage Foods SERVICES PRIVATE P 106,704 524.8 LIMITEDGenesys Credo IndiaInternational 31/10/2012 B 215,740 5.48 Thematic Fund LtdCorporation Ltd Vision Cinemas SRINIVAS KARROTHI P 158,498 9.27 14/04/2012 ** Weighted Average Life InsuranceInfosys Ltd - B 11,559,954 7.02 Corporation of India 05/11/2012 Corporate Action Company Ex-Date Purpose Rs.KCP Ltd SBI Mutual Fund 30/10/2012 B 109,974 Birla Corp 22-Nov-12 Interim Dividend 2.5Mathew Easow 31/10/2012 Anjana Projects PvtResearch - S 141,000 6.36 LtdSecurities Ltd 07/11/2012 City Union Bank 22-Nov-12 Right 1:4 -Nava Bharat Kingfisher Capital 7/11/2012 S 4,533,135Ventures Ltd CLO Ltd NMDC 22-Nov-12 1st Interim Dividend 2Disclaimer:Reports prepared by Artha Capital Management LLP contain selected information and do not purport to be complete. The reports based on publicly available informationand data ("the Information") believed to be accurate and complete. Possible errors or incompleteness of the Information do not constitute grounds for liability, neither withregard to indirect nor to direct or consequential damages. Artha Capital Management LLP, their shareholders and employees are not liable for the accuracy andcompleteness of the statements, estimations and the conclusions derived from the Information contained in these documents.