Buy Garware Wallropes Limited for 55% appreciation : Ventura

If want to do sth insist on to gain it!

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Ventura recommends buying of Garware Wallropes Limited.

We initiate coverage on Garware Wall Ropes (GRW) as a BUY with a Price Objective of Rs 124 (target PE of 8x for FY2012) over a period of 15-18 months. At CMP of Rs 79.9, the stock is trading at 5.7x and 5.2x its estimated earnings for FY2011E & FY2012E representing a potential upside of ~55.2%. GWR is a world leader in the synthetic cordage business with more than 8% global market share and is the leading player in the emerging geo-synthetics infrastructure space.

We expect strong earnings growth of 31.5% CAGR over the next two years on the back of steady growth in its cordage business (10% CAGR) and new applications, traction in its geo synthetic space (32% CAGR), modular capex (Rs 15 crore p.a.) from internal accruals and improved profitability despite loss of EOU status and tax shelter. In addition GWR is also looking at a tie-up with an international major for its foray in the waste management business. GWR has consistently paid out dividends to share holders and carries an attractive dividend yield of 3.08%.

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Buy Arvind Limited for a target of Rs.81 : Ventura

United Neon 3 of 3 - "The sky's the limit...

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Ventura initiated coverage of Arvind Limited.

Their justification for buy recommendation is presented below.

Arvind Limited is one of the largest fabric producers in India with 200 million metres of fabric producing capacity. With ~100 mn metres fabric capacity expansion getting operational in phases over FY2010-FY2013 and robust growth in Brands & Retail business, the earnings are expected to grow at CAGR of 74.3% during FY11-13.

Monetization of its 500 acres land bank is expected to result cash flows of nearly Rs 1000 crore over a four year period which would be used to fund the capex and retire part of the debt.

We initiate coverage on Arvind Limited as a BUY with a Price Objective of Rs 81 over a period of 15-18 months. At CMP of Rs 44.1, the stock is trading at 9.2x and 5.6x its estimated earnings for FY2011E & FY2012E representing a potential upside of ~83.7%.

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Express Idea: Jayaswal Neco Industries – BUY : India Infoline

Iron ore mine-01 (xndr)

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India Infoline’s new stock ideas are presented here

Express Idea: Jayaswal Neco Industries – BUY

CMP Rs38, Target Rs45, Upside 18.3%

Jayaswal Neco (JNE), through the integration of its group companies, is transforming itself from a primary pig iron and steel casting producer to an integrated steel producing company. The company has also been allotted one coking coal, two thermal coal and seven iron ore mines to meet its raw material requirement. Of this, a thermal coal mine is already operational and two iron ore mines are expected to be operational in FY12. Operating margins are set to expand led by sales of finished goods and an increase in raw material integration. Our back of the envelope calculations suggest that the company’s bottomline would jump ~3.5x over FY10-12 led by commissioning of the iron ore mine in FY12. We recommend a BUY on the stock for a target of Rs45.

Please click here to view the attachment.

Express Idea: Balrampur Chini Mills – BUY

CMP Rs93, Target Rs104, Upside 12.7%

± Upswing in international prices on adverse Brazilian weather

± India sugar balance to remain in equilibrium

± Lower cane cost to counteract drop in sugar price

± Stock trades below historic 1-yr fwd EV/E; BUY

Please click here to view the attachment.

Trading Idea: GAIL – BUY

CMP Rs478, Target Rs545, Upside 14.0%

GAIL has underperformed the Nifty index after it hit an interim peak of Rs517 in June 2010. However, formation of flag pattern above the neckline support levels of inverted H&S indicates that the rally is in the middle phase and provides decent opportunity on the upside. We recommend traders to accumulate GAIL at current levels with stop loss of Rs450, for a target of Rs545 and Rs580.

Please click here to view the attachment.

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Simply dial *525# for ICICI Bank Mobile Banking

Menu of USSD application-cell phone

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ICICI Mobile Banking (USSD) – the simplest way to bank. USSD is an instant, menu-based service that runs on any GSM handset. Unstructured Supplementary Service Data (USSD) is a GSM network-based technology which provides fast, interactive communication between a user and a service application in real time.Simply dial *525# from your mobile phone and a secure, interactive menu will pop-up on your screen, giving you access to bank account, credit card account, demat account and other services. Operator charges as applicable**.
**This service currently available for service providers Vodafone, Idea, MTNL, Reliance and Tata Docomo.

Convenient to Use:

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It is the fastest and simplest form of mobile banking, where all you need to do is just dial *525# to access the interactive menu. Click here to see the demo

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USSD is accessible on any GSM handset

It is Secure:

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Mobile Banking (USSD) has an in-built USSD encryption that ensures safety by 'no store, just forward' facility for secured transactions.

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Session based service. This allows quick and secure transmission of information over GSM networks

ICICI Bank Mobile Banking (USSD) gives you access to the following services:


Bank Account

Balance enquiry

Last 3 transactions

Cheque book request, stop-cheque and cheque status


Credit Card

Balance details, last payment details and payment due details


Demat

Holding balance, bill details


Branch locator


ATM locator


Request iMobile

ICICI Bank does not charge for this service. However, operator charges may be applicable.

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Shiv-Vani Oil and Gas – ‘Vast Opportunities’ – BUY : IIFL

In the foreground, offshore support vessel Toi...

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Shiv-Vani Oil and Gas – ‘Vast Opportunities’ – BUY says India Infoline
CMP Rs454, Target Rs560, Upside 23.3%

Shiv-Vani Oil and Gas Exploration Services Ltd (SVOG) is well poised to gain on vast emerging opportunities in the E&P space in India. Pending minimum work program (MWP) commitments of NELP rounds, development capex and rising exploration activities in CBM fields, will translate into robust order inflows for SVOG. Its integrated nature of services will provide sustainability to margins. The stock is attractively valued at P/E of 5.7x FY12E EPS of Rs80.

Please click here to view the attachment.

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IDFC Long Term Infrastructure Bonds

President's Advisory Panel for Federal Tax Reform
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The primary purpose of investing in this infrastructure bond is to save tax (maximum deduction u/s 80 CCF is Rs. 20,000) and get some return at the same time. However, the overall benefit to the investor will be far better than any other investment avenue as tax saving would range from 10% to 30% besides 7.5-8% return on investment.
We recommend investors not to miss this opportunity of investing while saving tax. .
Many do the mistake of comparing infra. bonds returns with Bank FD, but they forget the tax deduction available under infra. bonds.
An individual in the highest tax bracket (i.e. 30.90%); would be saving Rs. 6,180 in tax on investment of Rs. 20,000 in the infrastructure bond and effectively gaining 37.5-38% in the first year. Are you not satisfied with such a fabulous return?
Tax benefit U/S 80 CCF
Under Section 80CCF of the Income Tax Act the amount, not exceeding Rs. 20,000 per annum, paid or deposited as subscription to long-term infrastructure bonds during the previous year relevant to the financial year beginning 1 April, 2010 shall be deducted in computing the taxable income. This is over and above the Rs. 1,00,000 tax benefit available under section 80C.
Key Highlights of the Issue
Issue Size
Rs. 3,400 crores in one or more tranches. There is no minimum issue size.
Rating
“LAAA” (ICRA) indicates stable outlook and is the highest credit quality rating assigned by ICRA
Bond Face value & issue price
Rs. 5,000 per bond.
Subscription amount
Minimum
Maximum
Rs. 10,000 or 2 bonds. The bonds can be of the same series or two bonds across different series
No Limit
Who can apply
Resident individual or HUF
Investor should provide 
PAN Number and Demat Account No
Maturity / redemption
10 years from the deemed date of allotment
Lock In period
5 years from the deemed date of allotment
Buyback
5 years + 1 day from the deemed date of allotment
Listing
NSE & BSE
Loan against Bonds
Bonds cannot be pledged or hypothecated for obtaining loans during the lock in period.
Minimum number of Bonds per application*
Two Bonds and in multiples of one Bond thereafter.
For the purpose of fulfilling the requirement of minimum subscription of two Bonds, an Applicant may choose to apply for two Bonds of the same series or two Bonds across different series. 
Terms of Payment
Full amount with the Application Form
 
Download:
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Hey, Is it not the right time to Sell?

Assorted international currency notes.
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Market is scaling a new peak every passing day and moment. Experts are unanimously bullish in their outlook. Sectors that are predicted as sluggish very recently are now (re?)rated as very good.
Expectations of further monetary easing drove the S&P 500 to a four-month high, above a key technical level -- a possible sign of more gains ahead. Gold hit an all-time high on speculation the Fed may announce on Tuesday a move toward further monetary easing, which added fuel to the precious metal's drive higher. Prices of long-dated U.S. Treasuries climbed before the Fed's monetary policy meeting on Tuesday when policymakers could hint on the conditions for future purchases of government debt.
Do you really believe above story. When everybody turn to “Buy” mode, you have to “Sell” to remain truly profitable. I am not advising you to sell outright. But to tighten your trailing stop loss levels, so that the market itself show you exit level.   Buying? I won't buy at this valuation. Even best of the best companies need another 3 years to give any meaningful returns when sanity returns.  
Disclaimer: I have sold all my stock positions and holding two lots of Nifty 5800 Put current series.
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E-Passports to be issued by May 2011

Phir Bhi Dil Hai Hindustani. (The Heart's stil...

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Responding to insistence from the international community, there is a move currently to issue all Indian citizens traveling abroad with machine-readable e-passports containing a chip with all biometric identifications such as fingerprints. Speaking at a meeting at Indian Merchants' Chamber, Mumbai's Regional Passport Officer Mr. Vinay Kumar Choubey said that his office would start issuing e-passports to fresh applicants as early as April or May 2011. This would greatly reduce immigration clearance time everywhere by 40%, he asserted. "In fact, in association with IIT Kanpur, we have already started issuing diplomats with e-passports, and their experience is that it has speeded up matters," he said.

Mr. Choubey spoke of a number of initiatives undertaken by the Ministry of External Affairs (MEA). One of these was to introduce paperless processing following a MoU with TCS. Submissions of fresh applications will be handled by TCS directly, wherein the applicant's details will be fed directly into the system, and supporting documents will be verified and scanned. The applicant would have to wait for a couple of hours while this was being done, during which he would meet first an Inspection Officer, who would verify the documents, and then the Granting Officer, who would either immediately grant a passport (subject to police verification) or reject the application. "Through this measure, and through closer interface with the police, our target is to issue a passport under the Tatkal scheme within one day, and the other passport within three days," Mr. Choubey said.

To mitigate the rush at the main Passport office in Mumbai, and to improve efficiency, two measures were simultaneously in progress. Firstly, a very large two-storey office was being built by PWD at Bandra Kurla Complex. Secondly, three Passport Seva Kendras would be opened - two in the suburbs, and one in South Mumbai, by next year.

"Even at present, we have eight centers to receive applications spread across the city-- five under police authorities, and three under postal authorities," he pointed out. "Some of these are at places like Chembur, Bandra and Kandivali. We also have eight police offices authorized to receive applications in Ratnagiri, Sindhudurg, Beed, Aurangabad, Daman etc. But still, applicants tend to come to our main Passport office in Mumbai," Mr. Choubey added.

In the course of the meeting, he detailed several other initiatives were in progress such as sending SMS alerts to applicants in case of objections, and Over-The-Counter handling for minors, public servants, tatkal and other cases where police verification was not required. "In such cases, if the person across the counter is satisfied with the details provided, a passport is immediately issued in a very substantial proportion of the cases," Mr. Choubey said.

Source : India PR Wire

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Launch of e-Voting facility by CDSL

Voting booth

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What is e-Voting?

e-Voting is a facility available to the Companies to enable their shareholders to cast their vote electronically on the resolutions requiring postal ballot.

How does it benefit the shareholders of the Company?

  • e-Voting is an internet based platform which enables investors to take part in the decision making process of companies in the comforts of their homes or offices.
  • The shareholders can vote easily on any number of resolutions for any number of companies in which they are eligible to vote.
  • Shareholders can also view the resolution file on the e-Voting website.
  • Filling up of physical Postal Ballot and returning it to the Company, is not required to be done by the investor.
  • Provides ample time to vote – Till the last day & last minute.
  • There is no scope for invalid votes.

This service is offered absolutely free of cost to investors.

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Send Email alerts after every transaction: Sebi to brokers

Securities and Exchange Board of India

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Brokerages will soon have to send the brief details of every transaction in an investor’s account to his email address. The details will include what was bought or sold, with the price.

At present, the Bombay Stock Exchange and the National Stock Exchange select 250 transactions per day and write to the investors concerned. Sebi has now decided that for investors without an email account, the number to be informed in this random manner should be raised to 1,000 per day. The rest will get emails.

At present, some brokers do send contract notes on emails, but this will now be made compulsory, with the mail to go soon after the transaction is done. This is to check unauthorised transactions by brokers in investors’ accounts.

Investors’ associations have frequently raised this issue. Says G S Sood, president, Society for Consumers’ and Investors’ Protection: “Most of the time, the hired staff of big broking houses do transactions in clients’ accounts to meet their turnover targets. If analysed closely, these transactions can never be done by a prudent investor, as they have been observed to bring no gains.”

To get more business, some big broking houses appoint people who manage to hustle investors into signing forms for opening accounts, with the other details being filled by the agents. “This is dangerous. Investors should be careful and fill up everything themselves,” said Sood.

He says along with emails, the brokers should be asked to send SMSes to investors for every transaction in their account, soon after the transaction. The issue has been discussed by Sebi’s Investor Protection and Education Fund Advisory Committee.

Source : Business Standard

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Apply online for MF New Fund Offer (NFO)

CAMS has started an initiative where NFOs can now be applied for by investors online.The initiative called the e-NFO will make the process of applying for new fund offers less cumbersome and time-consuming for the investors. What this essentially means for the mutual fund investors is that they don't have to go the old-fashioned way of filling in details in a form and submitting it when applying for an NFO. Interested investors can log on to the CAMS Web site and complete the application in less than five minutes.

Folio number

“For an existing investor, all they have to do is enter their existing folio number and all their relevant information will get updated on its own. All investors need to do is punch in the amount and fund details,” said a spokesperson for CAMS.

“In the case of DD or cheque payment, the investor can fill in the duly filled form, take a print out of the form, attach the cheque and submit at any of the CAMS centres or the designated bank,” the CAMS spokesperson added.

To apply MF NFO online, please click here.

CAMS




Rs 1 crore needed to open SBI SAVINGS account

SBI hq in Mumbai

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SBI has inaugurated first-of-its-kind branch for HNIs in Hyderabad on Sep 2. The high networth individuals (HNIs) has to give only Rs 1 crore minimum to open an account in the government lender, State Bank of India (SBI).

However, the money is not enough to have the account but the applicant has to have go through a tough application process.
The official from SBI informed, "We have opened as many as 50 accounts so far. We are confident of opening another 150 by the end of the current fiscal."
"The lockers are open 24 hours. People can come anytime and take or keep their jewellery and other valuable items," stated bank official.
He also continued, "We have special dressing rooms for customers. These will be useful for late night function goers as they would not have to take the valuables home."
Source : ONE INDIA

Who said India is a country of poor. We expect Indian Politicians are expected to open A/c in this branch. Hope, atleast in this branch, there are no queues.

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Email overload? Try Gmail Priority Inbox

Email overload? Try Priority Inbox - Official Gmail Blog
Gmail has introduced Priority Inbox (in beta)—an experimental new way of taking on information overload in Gmail.

Gmail has always been pretty good at filtering junk mail into the “spam” folder. But today, in addition to spam, people get a lot of mail that isn't outright junk but isn't very important—bologna, or “bacn.” Gmail's filter to address this problem and extended it to not only classify outright spam, but also to help users separate this "bologna" from the important stuff. In a way, Priority Inbox is like your personal assistant, helping you focus on the messages that matter without requiring you to set up complex rules.



Priority Inbox splits your inbox into three sections: “Important and unread,” “Starred” and “Everything else”:



As messages come in, Gmail automatically flags some of them as important. Gmail uses a variety of signals to predict which messages are important, including the people you email most (if you email Bob a lot, a message from Bob is probably important) and which messages you open and reply to (these are likely more important than the ones you skip over). And as you use Gmail, it will get better at categorizing messages for you. You can help it get better by clicking the or buttons at the top of the inbox to correctly mark a conversation as important or not important. (You can even set up filters to always mark certain things important or unimportant, or rearrange and customize the three inbox sections.)

Priority Inbox will be rolling out to all Gmail users, including those of you who use Google Apps, over the next week or so. Once you see the "New! Priority Inbox" link in the top right corner of your Gmail account (or the new Priority Inbox tab in Gmail Settings), take a look.


WWW.INVESTCHIPS.COMThis post is written by R.John Christy for www.investchips.com.

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