1. Corporate Newsletter
26th December 2013
SWASTIKA INTELLIGENCE GROUP
MARKET SNAPSHOT
INDIAN MARKETS
INDICES
SENSEX
NIFTY-50
Current Val.
21074.59
6278.90
Points
+41.88
+10.50
% Change
+0.20
+0.17
High
21135.85
6302.75
Low
21013.14
6259.45
Prev. Close
21032.71
6268.40
Sector
NSE SECTORAL INDICES
Current Value % Change
PSE
BANK NIFTY
METAL
IT
SERVICE
INFRA
FMCG
MEDIA
ENERGY
REALTY
AUTO
PHARMA
2,627.35
11,385.75
2,461.05
9,430.10
7,682.75
2,473.80
16,853.65
1,785.00
7,932.10
186.40
5,311.95
7,601.35
+0.78
+0.49
+0.47
+0.41
+0.41
+0.33
+0.25
+0.18
+0.03
-0.29
-0.37
-0.52
EUROPEAN MARKETS UPDATE AT 4:30 PM
INDICES
Last Closed
Change
FTSE
6,694.17
+15.56
CAC
4,218.41
+3.12
DAX
9,488.82
+88.64
Nifty Top Gainers
Symbol
LTP
TATAPOWER
ONGC
BPCL
WIPRO
HDFCBANK
Prev. Close
90.25
292.55
354.75
549.95
669.00
86.25
285.75
348.00
540.10
657.30
% Change
+4.64
+2.38
+1.94
+1.82
+1.78
Nifty Top Losers
Symbol
LTP
BAJAJ-AUTO
HEROMOTOCO
DRREDDY
LUPIN
PNB
Prev. Close
% Change
1,946.00
2,091.00
2,495.05
904.80
625.15
1,990.35
2,130.70
2,539.55
918.95
634.90
-2.23
-1.86
-1.75
-1.54
-1.54
CURRENCY UPDATE (RBI Reference Rate)
ADVANCES DECLINES UNCHANGED
NSE
646
301
34
/$
/£
/€
/100 ¥
24th Dec
61.8668
101.1027
84.6510
59.3700
26th Dec
61.9755
101.4911
84.7925
59.1500
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

2. Corporate Newsletter
26th December 2013
SWASTIKA INTELLIGENCE GROUP
NEWS UPDATES
IRB Infrastructure Developers, a highway developer, has announced that its wholly-owned Subsidiary - IRB
Westcoast Tollway Pvt. Ltd. – SPV for Goa/Karnataka Border to Kundapur Project, has tied up project finance of
Rs 1,406 crore for this project. The total cost of this project is Rs 2,639 crore, out of which viability gap funding
from NHAI of Rs 536 crore, equity contribution by the Company will be approximately Rs 697 crore and
remaining will be funded through project finance of Rs 1,406 crore. The average cost of this project finance is
approximately 11.75% p.a. A consortium of lenders comprising IDBI Bank Limited (lead institution), Allahabad
Bank, Bank of Baroda, Bank of India, Canara Bank and Union Bank of India have financed this project.
The top telecom company, Bharti Airtel, sold five per cent stake in its company to Doha-based Qatar Foundation
Endowment for $1.18 billion (Rs 7,080 crore). British telecom major Vodafone, the parent company of Vodafone
India, invested Rs 10,141 crore by buying out its Indian partners. This came after foreign direct investment (FDI)
limit rules for telecom were eased. Idea, too, had conducted roadshows for its qualified institutional placement
this year, to raise as much as Rs 3,750 crore. Its existing partner, Malaysian telecom company, Axiata has
announced to invest in the company to keep up its stake.
Amtek India has entered into an agreement to acquire substantial business interests in Kuepper group of
Germany, through its 100 per cent subsidiaries. The deal value is 200 million euros (around Rs 1680 crore). The
deal may provide Amtek access to high-tech German machining technology and new product customers from
Europe. It is likely to bring synergy with Amtek's core expertise in casting and forging operations and strengthens
its market position.
The Cabinet Committee of Economic Affairs (CCEA) relaxed the coal tapering linkage policy thereby relaxing the
coal supply to 9 power projects with investments worth about Rs 60,000 crore with capacity of 11,000 megawatt
(MW). These power projects which were initially proposed to benefit from this relaxation were -Essar Power’s
Mahan, Adani Power’s Tiroda project, Damodar Vally Corporation’s Mejia project, Gujarat State Electricity Board’s
Ukai project and Mahagenco’s Parli project. these power plants already have got their own captive coal supply
blocks, but because of environmental clearances and other issues these power blocks could not be developed and
hence they wanted the government to ensure that coal supplies to these power projects continue for a period of
six years instead of three years which is a current norm as per the tapering coal linkage policy.
Lanco Infratech proposed to sell assets worth Rs 7,612 crore as a part of debt reduction programme the company
is looking to sell three power projects for Rs 6,350 crore and road projects worth Rs 668 crore. It is also looking to
sell one solar project, one real estate project All sales will take place between 2016 and 2020.
Government approved modalities for the beleaguered sugar industry to avail interest-free loans to the tune of Rs
6,600 crore from banks for effecting timely payment to cane growers. The Cabinet Committee on Economic Affairs
(CCEA) had given an in-principal approval for providing interest-free loans to cash-starved sugar mills and asked
the Food Ministry to finalise the guidelines. The entire interest burden on a loan of about Rs 6,600 crore,
estimated at Rs 2,750 crore over the next five years, will be borne by the government from the Sugar
Development Fund (SDF) .
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai

3. Corporate Newsletter
26th December 2013
SWASTIKA INTELLIGENCE GROUP
Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basi s for any investment
decision. Nothing in this document should be construed as investment, Legal, taxation or financial advice. Swastika Investma rt Ltd. is not soliciting any action based
upon it. Each recipient of this document should make necessary investigations as they consider important to arrive at an independent evaluation of an investment in
the securities of the companies referred to in this document (including the merits and risks involved). This report has been made based on information that we
consider reliable and are publicly available but we do not state that it is accurate or complete and it should not be solely relied upon such, as this document is for.
Swastika Investmart Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are
inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may
or may not subscribe to all the views expressed within this document.
Swastika Investmart Limited or any of its affiliates/ group companies, or employees shall not be in any way held responsible for any loss or damage that may arise to
any person from any inadvertent error in the information contained in this report.
Swastika Investmart Limited has not independently verified the information contained in this document. Accordingly, we cannot testify, nor make any
representation or warranty, express or implied, to the accuracy, contents or data contained within this document. This document is being supplied to you solely for
your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly.
Report Prepared by
Saloni Gupta
RESEARCH TEAM
Santosh Sahu
Santosh Meena
Amit Khare
Vishnu shreekar
Sonakshi Bahety
Designation
Research Associate
SWASTIKA INTELLIGENCE GROUP
Research Head
Derivatives & Technical Analyst
Commodity Analyst
Commodity Analyst
Research Associate
E-mail ID
salony.gupta@swastika.co.in
research@swastika.co.in
santosh.sahu@swastika.co.in
santosh.meena@swastika.co.in
amit.khare@swastika.co.in
vishnu.shreekar@swastika.co.in
sonakshi.bahety@swastika.co.in
Swastika Intelligence Group,
1st Floor, Bandukwala Building, British Hotel Lane, Fort Mumbai