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Save Tax upto Rs 6,180 - L&T Infra Tax Saving Bonds (Offer Closes 02 November): Sharekhan


L & T Infrastructure Finance Company Limited

Issue Highlights:

Bonds offer an additional window of Tax deduction of investments of up to Rs 20,000 which result in attractive yield to investors.
The deduction is over and above the Rs 1,00,000 deduction available under section 80C, 80CCC & 80CCD read with section 80CCE
The bonds will be issued in either Demat form or physical form at the option of bondholders
Investor can mortgage or pledged these bonds to avail longs after the lock-in period.

Issue Summary:
Issue Opens: October 15, 2010
Issue Closes: November 02, 2010
Registrar: Sharepro Services (India) Pvt. Ltd.
Debenture Trustees: Bank of Maharashtra
Credit Ratings:
CARE RATING: CARE AA+
ICRA RATING: LAA+
Series 1 2 3 4
Face Value per Bond Rs 1000
Interest / Coupon Rate 7.75% p.a. 7.75% p.a. compounded annually 7.50% p.a. 7.50% p.a. compounded annually
Frequency of Interest Payment Annual Cumulative Annual Cumulative
Minimum Application 5 bonds, Applicant may choose to apply for five (5) Bonds of the same series or five (5) Bonds across different series.
Time of Maturity 10 Years
Time of Buyback 7 Years 7 Years 5 Years 5 Years
Maturity Amount 1000 2110 1000 2061
Buyback Amount 1000 1687 1000 1436
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.38% 8.93% 9.11% 8.67%
20.60% 11.29% 10.26% 11.00% 10.01%
30.90% 13.58% 11.81% 13.25% 11.55%
Tax Rate Yield to the Investors on Maturity (with Tax Benefits u/s 80CCF)
10.30% 9.86% 9.44% 10.23% 9.86%
20.60% 12.31% 11.36% 13.42% 12.58%
30.90% 15.23% 13.59% 17.20% 15.75%


Public Issue of Tax-saving Long Term Infrastructure Bonds by L&T Infra - Open from 15 October to 2 November 2010

 


 

L&T INFRASTRUCTURE FINANCE COMPANY LIMITED

 


 

 

Public Issue of Tax-saving Long Term Infrastructure Bonds

 by L&T Infra - Open from 15 October to 2 November 2010

 

 

Mumbai: L&T Infrastructure Finance Company Limited (L&T Infra) - an infrastructure financing venture promoted by India’s engineering and construction major Larsen & Toubro Ltd (L&T) - has announced a Public Issue of “Long Term Infrastructure Bonds”.

 

L&T Infrastructure Finance Company Limited (L&T Infra) was promoted by Larsen & Toubro Limited (L&T) in April 2006 for the development and financing of infrastructure sector in India. It commenced business in January 2007, upon receiving registration from the RBI as a systemically important non-deposit taking NBFC. L&T Infra ‘s  business is dedicated towards providing  financial products and services for customers engaged in infrastructure development, construction, operations and maintenance with a focus on power, roads, telecommunications, oil and gas and ports sectors in India. 

 

In July 2010, L&T Infra was classified by the RBI as an Infrastructure Finance Company ( "IFC"). This allows the Company to optimize its capital structure by diversifying its borrowings and accessing long-term funding resources, thereby expanding its financing operations while maintaining its competitive cost of funds.

 

The total income of the Company for Fiscal Year 2010 was Rs. 4,504.23 million. The total loans and advances outstanding as at March 31, 2010 were Rs. 42,884.99 million and total disbursements for Fiscal Year 2010 were Rs. 37,955.14 million.

 

The salient features of L&T Infra’s Long Term Infrastructure Bond Issue are as under:

 

·                     L&T Infrastructure Finance Company Limited (L&T Infra) is making a Public Issue of Long Term Infrastructure Bonds under Section 80 CCF of the Income Tax Act, 1961, to Resident Indian Individuals & HUFs. L&T Infra is classified as an Infrastructure Finance Company (IFC) by the Reserve Bank of India (RBI).

·                     Under Section 80 CCF, subscriptions of up to Rs. 20,000 made by Resident Individuals and HUFs in Long Term Infrastructure Bonds are eligible for deduction in computation of taxable income for FY 2010-11.

 

·                     L&T Infra would be issuing Long Term Infrastructure Bonds (“Bonds”) of up to Rs.2,000 million - with an option to retain over-subscriptions of up to Rs.5,000 million. The Bonds would be in the nature of Secured Redeemable Non-Convertible Debentures.

 

·                     The Bond proceeds will be utilized for “Infrastructure Lending” as defined by RBI.

 

·                     The Bonds are assigned the ratings of ‘CARE AA+’ (by CARE) and ‘LAA+’ (by ICRA). These “AA+” Ratings signify high safety for timely servicing of debt obligations and low credit risk.

 

·                     The Bonds will have a maturity period of 10 years.

 

·                     As an exit option to the investors, the Company will offer Buyback Facility at the end of 5 and 7 years from the date of allotment.

 

·                     To provide further liquidity, the Bonds are proposed to be listed on NSE, and can be traded after the initial 5 years lock-in period. After this lock-in period, the holders can also pledge the Bonds with banks for availing financial assistance.

 

·                     There would be 4 Series of Bonds - that would offer subscribers distinct options of annual or cumulative interest payment and buyback after 5 or 7 years. 

 

·                     Each Bond will have a face value of Rs.1,000 - and would be issued at par. The applicants need to subscribe to a minimum of 5 Bonds.

 

·                     For the convenience of investors, the Company will offer them the option to hold the Bonds either in Dematerialized or Physical Certificate(s) form.

 

·                     The Issue opens on 15 October 2010 and closes on 2 November 2010.

·                     The key commercial terms and related features of the Bonds are summarized below:

 

BONDS AT A GLANCE

Series

1

2

3

4

 

Face Value per Bond

 

Rs 1,000

 

Rs 1,000

 

Rs 1,000

 

Rs 1,000

 

Interest /Coupon Rate Offered

 

7.75% p.a.

 

7.75% p.a.     compounded annually

 

7.50% p.a.

 

7.50% p.a. compounded annually

 

Frequency of Interest Payment

Annual

Cumulative

Annual

Cumulative

 

Time to Maturity

 

10 years

 

10 years

 

10 years

 

10 years

 

Time to Buyback

 

7 years

 

7 years

 

5 years

 

5 years

 

·                     The investment made in these Bonds will be eligible for tax benefits under Section 80 CCF of the Income Tax Act, 1961.The Table below provides the yield to the investors on maturity (with tax benefits) and the yield to the investors on buyback (with tax benefits) for the applicable tax rates:

 

 

       

     

YIELD TO THE INVESTORS  ON MATURITY

              (with Tax Benefits u/s 80CCF)

Series

Instrument Options

 

1

7.75% Annual;

7 year buyback

2

7.75% Cumulative;

7 year buyback

3

7.50% Annual;

5 year buyback

 

4

7.50% Cumulative;

5 year buyback

           Tax Rate

10.30%

9.38%

8.93%

9.11%

8.67%

20.60%

11.29%

10.26%

11.00%

10.01%

30.90%

13.58%

11.81%

13.25%

11.55%

       

       

 

       Tax Rate

 

YIELD TO THE INVESTORS ON BUYBACK

               (with Tax Benefits u/s 80CCF)

 

10.30%

9.86%

9.44%

10.23%

9.86%

20.60%

12.31%

11.36%

13.42%

Lunch with Big Bull RAKESH JHUNJHUNWALA : Charity Auction at ebay.in

Billionaire investor Rakesh Jhunjhunwala is amongst the most well-known and respected faces of India’s booming stock markets. Rakesh has perhaps the largest following amongst retail investors, and all his stock picks are taken seriously by astute as well as first time investors.

A trader par excellence, Rakesh is equally at home taking long term positions as well as short term calls. An eternal bull on the country’s growth prospects, Rakesh also leads from the front when it comes to charity. The entire proceeds of this auction will go to Children’s Movement for Civic Action.

Opportunity :

Besides individuals, there are several others who could look to make the most of this opportunity to have lunch with Mr. Rakesh Jhunjhunwala-

Corporates, FIIs, Retail Investors, Traders can use this opportunity to interact and get an insight into how Rakesh Jhunjhunwala’s mind works when he looks at making an investment.
The lunch will be arranged at a five star hotel in Mumbai. Date will be fixed mutually between Mr. Rakesh Jhunjhunwala and the winner, who can invite up to 9 other people for the lunch. The cost of the meal will be funded by an associate of Mr. Rakesh Jhunjhunwala or he himself. The same will not be deducted from the proceeds of the charity.
The duration of the lunch will be 3 hours and parts of the lunch will be televised on ET NOW.

Note, however, that any commercial exploitation of the opportunity in terms of schemes by the winning bidder is not allowed.

Venue:

A suitable 5 Star Hotel in Mumbai.

Date :

To be decided mutually between Mr. Rakesh Jhunjhunwala and the winner subject to Mr. Rakesh Jhunjhunwala's availability. At least 30 days’ prior notice will be provided to ensure that the winning bidder can make adequate arrangements.

Payment Terms :

The highest bidder shall place a deposit of 100% of the bid amount with eBay as soon as the bid is won. Upon realization of the amount, and after verification of eligibility, s/he will be declared the winning bidder. The funds shall be disbursed to Mr Rakesh Jhunjhunwala’s chosen charity, as soon as the lunch is completed. Payment can be made using Cheque or Demand Draft only.

Arrangements :

The lunch will be arranged at a five star hotel in Mumbai.
The cost of the meal will be funded by an associate of Mr. Rakesh Jhunjhunwala or he himself. The same will not be deducted from the proceeds of the charity.
The winning bidder can bring along upto 9 more guests for this luncheon.
The duration of the lunch will be 3 hours and parts of the lunch will be televised on ET NOW.
Travel arrangements undertaken by the winning bidder and the bidder’s invitees shall be arranged & paid for by the winning bidder.

Restrictions :

The lunch will be provided on a “non-commercial basis”. The winning bidder may not extract any revenues out of “packaging” or reselling the rights, be it participation or media rights or any other rights, or sponsorship. Any such activities will need prior approval of Mr. Rakesh Jhunjhunwala and funds raised from such activities shall have to be passed on 100% to his chosen charity.

The winning bidder can choose the participant(s). However, s/he cannot assign the lunch to any other party for financial/commercial consideration, nor can s/he sell individual slots in the lunch separately. No commercial activity like customer schemes, etc. can be run.

To Bid, Please click here . Bidding ends by 2nd Nov, 2010, 12.00 IST

Commodity Brokerage Plan details of Ventura

Commodity Brokerage Plan details of Ventura


 
Source :
Vadivel Murugan V
Relationship officer
Ventura Commodities Private Limited
First Floor No 197/Old No. 88,
TTK Road, Alwarpet,
Chennai 600 018, India.

______________________________
Tel : +91 44 45000291
Tel : +91 44 45000292
M   : +91 9944155425
www.ventura1.com
Mobile No :  9962577241

Commodity Brokerage Plan details of Ventur

G-Sec and Income Funds offers good opportunity


  Its time to start allocating money into Income and Gilt Funds in a staggered manner in November and December of 2010.

Since corporate spreads are narrow at this juncture, Gilt Funds and Income Funds are the more favoured choice at this point in time to start with.

Please refer to the latest note on fixed income markets and recommendation on debt funds for further details.

Please note that SIP's in Gilt funds over a longer term beats all traditional fixed income investments!

Source : moneyhoney.co.in

 


Ventura : Buy Arvind Limited for 130% appreciation

Ventura Says that

 

We initiate coverage on Arvind as a BUY with a Price Objective of Rs 119.9 over a period of 15-18 months. At CMP of Rs 52.0, the stock is trading at 7.9x and 4.7x its estimated earnings for FY2011E & FY2012E representing a potential upside of ~130.5%. Arvind 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.

 

Key Investment Highlights

 

1. Significant expansion of textile capacity to foster long term growth
2. Brands and Retail business to witness accelerated growth
3. Monetization of land bank to aid capex and debt reduction plans


Source :www.ventura1.com

Sample of Recognia Technical Analysis Technical Alerts for 2010-10-25 of Reliance Money


 
Technical Event® Alerts at Close of Business October 25, 2010
 

The following alerts have been triggered. Each alert may produce a list of up to 50 Technical Event® opportunities matching the selected criteria. If you find that the list of matching Technical Event® opportunities is too long, try narrowing your alert criteria.
 

Alert Name: HEAD AND SHOULDER
Alert Criteria: Stocks (Any Indian Exchange); Head and Shoulders Bottom; Daily and Weekly Events.
 
Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
LEEG NSE Lloyd Electric and Engineering Ltd Head and Shoulders Bottom 79.80 87.75 - 89.50 Intermediate-Term Bullish
 
Alert Name: 20 INCREASE
Alert Criteria: Stocks (Any Indian Exchange); Volume at least 200,000; Classic Patterns; Bullish; Daily and Weekly Events; Possible Price Move of at least 20%.
 
Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
BHAR BSE Bharati Shipyard Ltd Symmetrical Continuation Triangle (Bullish) 265.35 347.00 - 366.00 Long-Term Bullish
BHAR NSE Bharati Shipyard Ltd Symmetrical Continuation Triangle (Bullish) 264.75 347.00 - 366.00 Long-Term Bullish
CEIT BSE Cerebra Integrated Technologies Ltd Symmetrical Continuation Triangle (Bullish) 31.30 38.25 - 39.75 Intermediate-Term Bullish
FROA BSE Ferro Alloys Corporation Ltd Symmetrical Continuation Triangle (Bullish) 25.85 34.00 - 36.00 Intermediate-Term Bullish
GATI NSE Gati Ltd Symmetrical Continuation Triangle (Bullish) 75.75 96.00 - 101.00 Intermediate-Term Bullish
IPCA NSE IPCA Laboratories Ltd Continuation Diamond (Bullish) 304.10 363.00 - 376.00 Long-Term Bullish
KING NSE Kingfisher Airlines Ltd Flag (Bullish) 78.70 94.00 - 98.00 Short-Term Bullish
LMLL NSE LML Ltd Continuation Diamond (Bullish) 12.30 14.70 - 15.40 Intermediate-Term Bullish
LYST BSE Lloyds Steel Industries Ltd Symmetrical Continuation Triangle (Bullish) 14.14 18.25 - 19.50 Long-Term Bullish
MRPL BSE Mangalore Refinery & Petrochemicals Ltd Continuation Diamond (Bullish) 84.15 104.00 - 108.00 Long-Term Bullish
NANE BSE Nandan Exim Ltd Continuation Wedge (Bullish) 2.58 3.40 - 3.70 Intermediate-Term Bullish
NETS BSE Networth Stock Broking Ltd Upside Breakout 61.30 79.00 - 84.00 Long-Term Bullish
RAUT NSE Rico Auto Industries Ltd Continuation Diamond (Bullish) 27.60 35.75 - 37.50 Long-Term Bullish
RAUT NSE Rico Auto Industries Ltd Symmetrical Continuation Triangle (Bullish) 27.60 33.75 - 35.00 Intermediate-Term Bullish
SCI NSE Shipping Corporation of India Ltd Flag (Bullish) 181.25 218.00 - 226.00 Short-Term Bullish
SURP NSE Surya Pharmaeutical Ltd Symmetrical Continuation Triangle (Bullish) 291.00 327.00 - 339.00 Intermediate-Term Bullish
THOM NSE Thomas Cook India Ltd Continuation Diamond (Bullish) 71.55 91.00 - 96.00 Long-Term Bullish
 
Alert Name: 2O DECREASE
Alert Criteria: Stocks (Any Indian Exchange); Volume at least 200,000; Classic Patterns; Bearish; Daily and Weekly Events; Possible Price Move of at least 20%.
 
Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
KRFI BSE Kirloskar Ferrous Industries Ltd Double Top 31.20 20.00 - 22.00 Long-Term Bearish
NGCN BSE Nagarjuna Construction Co Ltd Top Triangle 151.70 84.00 - 96.00 Intermediate-Term Bearish
 
Alert Name: iNDICATOR +
Alert Criteria: Stocks (Any Indian Exchange); Volume at least 200,000; Oscillators; Bullish; Daily and Weekly Events.
 
  • Following are the first 50 matching Technical Event® opportunities out of 371. Please consider refining your alert criteria.
 
Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
ABUJ NSE Ambuja Cements Ltd Momentum 143.50 n/a Short-Term Bullish
BHAR NSE Bharati Shipyard Ltd Commodity Channel Index 264.75 n/a Short-Term Bullish
BHIL BSE Bhagyanagar India Ltd Commodity Channel Index 27.45 n/a Short-Term Bullish
BHIL BSE Bhagyanagar India Ltd Fast Stochastic 27.45 n/a Short-Term Bullish
BHIL BSE Bhagyanagar India Ltd MACD 27.45 n/a Short-Term Bullish
BHIL BSE Bhagyanagar India Ltd Momentum 27.45 n/a Short-Term Bullish
BHIL BSE Bhagyanagar India Ltd Short-term KST 27.45 n/a Short-Term Bullish
DCBA BSE Development Credit Bank Ltd Commodity Channel Index 68.45 n/a Short-Term Bullish
DCBA BSE Development Credit Bank Ltd MACD 68.45 n/a Short-Term Bullish
DCBA NSE Development Credit Bank Ltd Commodity Channel Index 69.10 n/a Short-Term Bullish
DCBA NSE Development Credit Bank Ltd MACD 69.10 n/a Short-Term Bullish
DELT BSE Delta Corp Ltd Commodity Channel Index 87.10 n/a Short-Term Bullish
DELT NSE Delta Corp Ltd Commodity Channel Index 87.10 n/a Short-Term Bullish
DSTV NSE Dish TV India Ltd Commodity Channel Index 57.90 n/a Short-Term Bullish
DSTV NSE Dish TV India Ltd Williams %R 57.90 n/a Short-Term Bullish
GAME BSE Gujarat Ambuja Exports Ltd Commodity Channel Index 40.40 n/a Short-Term Bullish
GAME BSE Gujarat Ambuja Exports Ltd MACD 40.40 n/a Short-Term Bullish
GAME NSE Gujarat Ambuja Exports Ltd Commodity Channel Index 40.70 n/a Short-Term Bullish
GAME NSE Gujarat Ambuja Exports Ltd MACD 40.70 n/a Short-Term Bullish
GTGM BSE Gitanjali Gems Ltd Short-term KST 288.90 n/a Short-Term Bullish
GTGM NSE Gitanjali Gems Ltd Short-term KST 290.60 n/a Short-Term Bullish
HALC NSE Hindalco Industries Ltd Commodity Channel Index 221.00 n/a Short-Term Bullish
HALC NSE Hindalco Industries Ltd Momentum 221.00 n/a Short-Term Bullish
IBSECU NSE Indiabulls Securities Ltd Commodity Channel Index 30.00 n/a Short-Term Bullish
IBSECU NSE Indiabulls Securities Ltd MACD 30.00 n/a Short-Term Bullish
IDFC NSE Infrastructure Development Finance Co Ltd Williams %R 206.35 n/a Short-Term Bullish
KSER NSE K Sera Sera Productions Ltd Fast Stochastic 14.00 n/a Short-Term Bullish
KSER NSE K Sera Sera Productions Ltd Momentum 14.00 n/a Short-Term Bullish
MRCT NSE Mercator Lines Ltd Commodity Channel Index 70.35 n/a Short-Term Bullish
MRCT NSE Mercator Lines Ltd Momentum 70.35 n/a Short-Term Bullish
MRPL NSE Mangalore Refinery & Petrochemicals Ltd Commodity Channel Index 84.05 n/a Short-Term Bullish
MRPL NSE Mangalore Refinery & Petrochemicals Ltd MACD 84.05 n/a Short-Term Bullish
NTPC NSE NTPC Ltd Fast Stochastic 206.70 n/a Short-Term Bullish
SELM BSE SEL Manufacturing Co Ltd Commodity Channel Index 47.10 n/a Short-Term Bullish
SELM BSE SEL Manufacturing Co Ltd MACD 47.10 n/a Short-Term Bullish
SELM BSE SEL Manufacturing Co Ltd Momentum 47.10 n/a Short-Term Bullish
SELM BSE SEL Manufacturing Co Ltd Williams %R 47.10 n/a Short-Term Bullish
SELM NSE SEL Manufacturing Co Ltd Commodity Channel Index 47.45 n/a Short-Term Bullish
SELM NSE SEL Manufacturing Co Ltd MACD 47.45 n/a Short-Term Bullish
SELM NSE SEL Manufacturing Co Ltd Momentum 47.45 n/a Short-Term Bullish
SELM NSE SEL Manufacturing Co Ltd Williams %R 47.45 n/a Short-Term Bullish
SIBK BSE South Indian Bank Ltd Commodity Channel Index 28.85 n/a Short-Term Bullish
SIBK BSE South Indian Bank Ltd MACD 28.85 n/a Short-Term Bullish
SIBK NSE South Indian Bank Ltd Commodity Channel Index 28.75 n/a Short-Term Bullish
SIBK NSE South Indian Bank Ltd MACD 28.75 n/a Short-Term Bullish
SPJT BSE Spicejet Ltd Short-term KST 83.30 n/a Short-Term Bullish
SRES NSE Shree Renuka Sugars Ltd Commodity Channel Index 89.50 n/a Short-Term Bullish
UCBK NSE UCO Bank Commodity Channel Index 130.80 n/a Short-Term Bullish
UCBK NSE UCO Bank MACD 130.80 n/a Short-Term Bullish
UFLX NSE Uflex Ltd Commodity Channel Index 319.00 n/a Short-Term Bullish
 
Alert Name: DOUUBLE MA
Alert Criteria: Stocks (Any Indian Exchange); Double Moving Average Crossover; Any Opportunity Type (Bullish, Bearish or Other); Daily Events.
 
  • Following are the first 50 matching Technical Event® opportunities out of 121. Please consider refining your alert criteria.
 
Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
ABGS BSE ABG Shipyard Ltd Double Moving Average Crossover (50-day 200-day) 402.25 n/a Intermediate-Term Bullish
ABGS NSE ABG Shipyard Ltd Double Moving Average Crossover (50-day 200-day) 401.60 n/a Intermediate-Term Bullish
ADME NSE Adhunik Metaliks Ltd Double Moving Average Crossover (50-day 200-day) 108.50 n/a Intermediate-Term Bearish
BATA NSE Bata India Ltd Double Moving Average Crossover (21-day 50-day) 337.50 n/a Short-Term Bearish
BFUT BSE BF Utilities Ltd Double Moving Average Crossover (21-day 50-day) 967.60 n/a Short-Term Bearish
BFUT NSE BF Utilities Ltd Double Moving Average Crossover (21-day 50-day) 968.60 n/a Short-Term Bearish
CAML BSE Camlin Ltd Double Moving Average Crossover (21-day 50-day) 46.20 n/a Short-Term Bearish
CHPC NSE Chennai Petroleum Corporation Ltd Double Moving Average Crossover (21-day 50-day) 248.90 n/a Short-Term Bullish
CIMA NSE Cinemax India Ltd Double Moving Average Crossover (21-day 50-day) 63.95 n/a Short-Term Bullish
CUTI BSE Comp-U-Learn Tech India Ltd Double Moving Average Crossover (21-day 50-day) 19.20 n/a Short-Term Bullish
DIGJ BSE Digjam Ltd Double Moving Average Crossover (21-day 50-day) 11.62 n/a Short-Term Bearish
DIGJ NSE Digjam Ltd Double Moving Average Crossover (21-day 50-day) 11.55 n/a Short-Term Bearish
ELST BSE Electrosteel Castings Ltd Double Moving Average Crossover (50-day 200-day) 42.95 n/a Intermediate-Term Bearish
ELST NSE Electrosteel Castings Ltd Double Moving Average Crossover (50-day 200-day) 42.80 n/a Intermediate-Term Bearish
EXCR BSE Excel Crop Care Ltd Double Moving Average Crossover (21-day 50-day) 283.40 n/a Short-Term Bullish
EXCR NSE Excel Crop Care Ltd Double Moving Average Crossover (21-day 50-day) 283.00 n/a Short-Term Bullish
FALY BSE Facor Alloys Ltd Double Moving Average Crossover (21-day 50-day) 6.44 n/a Short-Term Bullish
GNFC BSE Gujarat Narmada Valley Fertilisers Co Ltd Double Moving Average Crossover (21-day 50-day) 130.45 n/a Short-Term Bullish
GNFC NSE Gujarat Narmada Valley Fertilisers Co Ltd Double Moving Average Crossover (21-day 50-day) 130.60 n/a Short-Term Bullish
IDEA BSE IDEA Cellular Ltd Double Moving Average Crossover (21-day 50-day) 71.80 n/a Short-Term Bearish
IDEA NSE IDEA Cellular Ltd Double Moving Average Crossover (21-day 50-day) 71.55 n/a Short-Term Bearish
INTW BSE Interworld Digital Ltd Double Moving Average Crossover (21-day 50-day) 2.94 n/a Short-Term Bearish
IVRC BSE IVRCL Infra & Projects Ltd Double Moving Average Crossover (21-day 50-day) 153.15 n/a Short-Term Bearish
IVRC NSE IVRCL Infra & Projects Ltd Double Moving Average Crossover (21-day 50-day) 153.00 n/a Short-Term Bearish
JKIN NSE JK Tyre & Industries Ltd Double Moving Average Crossover (21-day 50-day) 172.00 n/a Short-Term Bearish
JMSH BSE JM Financial Ltd Double Moving Average Crossover (50-day 200-day) 40.95 n/a Intermediate-Term Bullish
LBES NSE Liquid Benchmark Exchange Traded Scheme Double Moving Average Crossover (50-day 200-day) 1,000.00 n/a Intermediate-Term Bearish
MAIL BSE Maytas Infra Ltd Double Moving Average Crossover (21-day 50-day) 198.35 n/a Short-Term Bearish
MAWL NSE Maxwell Industries Ltd Double Moving Average Crossover (21-day 50-day) 25.10 n/a Short-Term Bearish
NGFR BSE Nagarjuna Fertilisers & Chemicals Ltd Double Moving Average Crossover (50-day 200-day) 34.25 n/a Intermediate-Term Bullish
NGFR NSE Nagarjuna Fertilisers & Chemicals Ltd Double Moving Average Crossover (50-day 200-day) 34.15 n/a Intermediate-Term Bullish
NOTC BSE Northgate Technologies Ltd Double Moving Average Crossover (21-day 50-day) 19.60 n/a Short-Term Bearish
NOTC NSE Northgate Technologies Ltd Double Moving Average Crossover (21-day 50-day) 19.40 n/a Short-Term Bearish
OSCH NSE Oswal Chemicals & Fertilisers Ltd Double Moving Average Crossover (50-day 200-day) 20.90 n/a Intermediate-Term Bullish
POCH BSE Pochiraju Industries Ltd Double Moving Average Crossover (21-day 50-day) 25.50 n/a Short-Term Bullish
POCH NSE Pochiraju Industries Ltd Double Moving Average Crossover (21-day 50-day) 25.70 n/a Short-Term Bullish
PRIC NSE Pricol Ltd Double Moving Average Crossover (21-day 50-day) 29.35 n/a Short-Term Bullish
PSML BSE Pranavaditya Spinning Mills Ltd Double Moving Average Crossover (21-day 50-day) 14.51 n/a Short-Term Bullish
PWOL BSE Punjab Woolcombers Ltd Double Moving Average Crossover (21-day 50-day) 9.50 n/a Short-Term Bullish
RYMD NSE Raymond Ltd Double Moving Average Crossover (21-day 50-day) 417.60 n/a Short-Term Bullish
SFPR NSE Softpro Systems Ltd Double Moving Average Crossover (21-day 50-day) 303.00 n/a Short-Term Bullish
SOMA BSE Soma Textiles & Industries Ltd Double Moving Average Crossover (21-day 50-day) 13.66 n/a Short-Term Bullish
SOMA BSE Soma Textiles & Industries Ltd Double Moving Average Crossover (50-day 200-day) 13.66 n/a Intermediate-Term Bullish
SOMA NSE Soma Textiles & Industries Ltd Double Moving Average Crossover (21-day 50-day) 13.65 n/a Short-Term Bullish
SPAN BSE Span Diagnostics Ltd Double Moving Average Crossover (21-day 50-day) 82.60 n/a Short-Term Bullish
SURP BSE Surya Pharmaeutical Ltd Double Moving Average Crossover (21-day 50-day) 289.00 n/a Short-Term Bearish
SURP NSE Surya Pharmaeutical Ltd Double Moving Average Crossover (21-day 50-day) 291.00 n/a Short-Term Bearish
SURY BSE Suryachakra Power Corporation Ltd Double Moving Average Crossover (50-day 200-day) 19.20 n/a Intermediate-Term Bullish
TTML BSE Tata Teleservices (Maharashtra) Ltd Double Moving Average Crossover (21-day 50-day) 24.40 n/a Short-Term Bullish
UTVS NSE UTV Software Communications Ltd Double Moving Average Crossover (21-day 50-day) 527.05 n/a Short-Term Bearish
 

(W) denotes a weekly event.
(M) denotes a monthly event.

The Recognia Technical Analysis service is for informational purposes only. The information contained in the Recognia Technical Analysis service, including in the Recognia Technical Analysis service messages, does not constitute advice or a recommendation by Reliance Money or Recognia Inc. in respect of the investment in financial instruments.

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Reliance Money Insta Plus - Demo

Reliance Money has recently introduced a very fast trading platform called Insta Plus. Please see the demo here.

Polaris Software Laboratories Ltd. - Result Update by Nirmal Bang

Nirmal Bang predicted a 33% appreciation in Polaris after analyzing it's Q2FY11 results. We quote 

At the current price of Rs.172, Polaris is trading at a PE of 8.56x FY11 estimated EPS & 7.47x FY12 estimated EPS. The valuations look attractive at current levels given that some of the company’s peers are trading at significantly higher multiple. Based on our estimated EPS of Rs 23.02 for FY 2012 and a target PE multiple of 10.0x we arrive at a target price of Rs.230 per share for Polaris indicating a potential upside of 33.7% from current levels. Consequently, we reiterate our BUY rating on the stock with a long term view.

SEBI hikes retail investor limit in IPO to Rs 2 lakh

Securities and Exchange Board of India

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Retail investors will get to double their bets on initial public offerings as the market regulator raised the limit to Rs 2 lakh. There is no change in retail investors quota of public offers. In case of public issues done on a book-building basis, the rules now in place mandate that 35% of the offering should be allotted to retail investors, 15% to non-institutional investors and the remaining 50% to institutions.

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Coal India fixes IPO price at Rs 245 per share

coal mine in India

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Issue price of much-awaited Coal India (CIL) initial public offering (IPO) has been fixed. Coal Minister Sriprakash Jaiswal said that the issue price of India's largest IPO has been fixed at Rs 245 a share, at higher end of price band of Rs 225-245.

The company has raised more than Rs 15,000 crore through IPO by issuing 63.16 crore equity shares. The company is expected to list at Rs.285-Rs.300.

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Track your tax credit with form 26AS

Assorted international currency notes.

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26AS was the tax credit statement in a consolidated form that captured all tax deductions, collections and advance/self-assessment taxes for a taxpayer relating to a tax year.
The system matched the details furnished by the deductor in the quarterly returns with that provided by the banks accepting tax payments. Once this online verification is completed, Form 26AS is generated/updated.

TIN facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains

  • Details of tax deducted on behalf of the taxpayer by deductors
  • Details of tax collected on behalf of the taxpayer by collectors
  • Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders)
  • Details of paid refund received during the financial year

Steps for viewing Tax Credit

1. Online Registration of PAN by PAN holder

2. Verification of identity and authorisation by TIN-Facilitation Centre

3. Online View Tax Credit

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