Thursday, July 19, 2012

SOME ACTIONS MAY SEE IN RETAIL STOCKS

Some buying interest may seen in Pantaloon,Shoppersstop,Trent and Provogue as prez polls have been over and govt may start negotiation on fdi in multi brand retail...Traders can buy these stocks

StanChart PE shells out Rs 130 cr for stake in Karaikal Port


Standard Chartered Private Equity (Mauritius) II Ltd has invested Rs 130 crore for a minority stake in Karaikal Port Private Ltd.
The funds will be used in development work to enhance the port’s capacity to 28 million tonnes per annum from 21 MMTPA.
Motilal Oswal Investment Advisors acted as the transaction advisor for MARG group.
Karaikal port had already attracted private equity investments from India Infrastructure Fund, Ascent Capital Advisors and NYLIM Jacob Ballas India Fund III LLC. Standard Chartered is the fourth investor.
With a healthy business and political environment, location advantage and better infrastructure, Karaikal is poised to be the ‘most strategic and efficient’ port on the South East coast of India, said Mr G.R.K. Reddy, Chairman and Managing Director, MARG Ltd, in a press release.
Mr Rahul Raisurana, Managing Director, Standard Chartered Private Equity, will join the port’s board. There is strong demand for high quality port infrastructure to service expanding external trade and increasing needs for multiple commodities for growing economy, he said.
The port, located between Chennai and Tuticorin ports, is a deepwater, all-weather port on the South-East coast of India. Awarded on a build, operate and transfer basis by the Government of Puducherry in 2006, the port when fully developed is envisaged to have a total of nine berths capable of handling up to 45 MMTPA.
The port is to be developed over three phases with the final phase getting operational by 2017.
BASED ON THE NEW DEVELOPMENTS IN KARAIKAL PORT I LIKE TO BUY SOME  MORE SHARES OF MARG LTD AT 80 RANGE

Wednesday, July 18, 2012

Trafigura's 1st Asia refinery investment in India; BP out


Oil trader Trafigura has made its first move into refining in Asia, investing up to $130 million for a 24 percent stake in Nagarjuna Oil Corp Ltd's (NOCL) planned refinery in Tamil Nadu and replacing BP as NOCL's crude supplier. India and other emerging markets are boosting refining capacity to feed rising regional demand, while their counterparts in the United States and Europe restructure or shut

Tuesday, July 17, 2012

BUY NAGARJUNA OIL AT Rs.7 FOR LONG TERM

Nagarjuna Oil Corporation Limited (NOCL) is setting up a petroleum refinery at Cuddalore, Tamil Nadu, 180 km south of Chennai on the Bay of Bengal. This state-of-the-art project will refine 6 million metric tonnes of crude petroleum per year (MMTPA) in Phase-I, which is around 1,25,000 BPSD, and will primarily meet the growing energy needs of southern India. The project site is spread over an area of 2100 acres, including 300 acres of greenbelt. 
It is the single largest private sector investment in Tamil Nadu and declared as anchor unit for the proposed Petroleum Chemical & Petrochemical Investment

The Cabinet, on Wednesday, approved the proposal of the Tamil Nadu Government to set up a Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) in Cuddalore and Nagapattinam districts.
PCPIRs have already been approved in Andhra Pradesh, Gujarat, West Bengal and Orissa.
According to an official statement , the Cabinet Committee on Economic Affairs (CCEA) approved the proposal at its meeting headed by Prime Minister Manmohan Singh.
A total investment of about Rs.92,160 crore is expected in the Tamil Nadu PCPIR, which includes committed investment of Rs.22,160 crore. It envisages development of physical infrastructure such as roads, rail, air links, ports, water supply, power, desalination plant and CETP (common effluent treatment plant) at a total cost of Rs.13,354 crore.
The PCPIR policy prescribes that infrastructure will be created/upgraded through public-private partnership (PPP) to the extent possible, and Central Government will provide the necessary viability gap funding (VGF). The Tamil Nadu Government has sought central support to the tune of Rs.1,143 crore on account of VGF funding for two road-related projects, CETP and desalination plants and Rs.1,500 crore of direct budgetary support for a rail project.
The project will be in Cuddalore and Nagapattinam districts in the coastal belt of Cuddalore, Chidambaram, Shirali and Tarangambadi Talukas. It will cover an area of 256.83 sq. km. with a processing area of 104 sq. km. and the balance for non-processing activities.
Nagarjuna Oil Corporation Ltd. (NOCL), a joint venture of Tamil Nadu Industrial Development Corporation Ltd. (TIDCO) and Nagarjuna Fertilisers and Chemicals Ltd. (NFCL), the flagship company of the Nagarjuna Group, has been identified as one of the anchor tenants for the PCPIR.
NOCL is setting up a 6-million metric tonnes per annum (mmtpa) refinery project at Cuddalore at a total cost of Rs.9,660 crore. The project activities have commenced, and are likely to be completed by September 2013. NOCL has also finalised in-house configuration mapping for expansion of the refinery by 9 million tonnes , and bringing the total crude processing capacity to 15 million tonnes per annum by 2015-16.
Apart from regular petroleum fuels that are expected from this expansion, NOCL plans to set up a xylene production facility, purified terephthalic acid (PTA) plant and a propylene recovery unit. The second anchor tenant is Chennai Petroleum Corporation Ltd. (CPCL), which is planning to establish an integrated 15-million tonnes per year capacity refinery-cum-petrochemical complex. It will have a grassroot refinery along with ethylene cracker, downstream derivative units as well as aromatic complex, paraxylene. The project is designed for production of 1.2 mmtpa of ethylene. It envisages an investment of Rs.40,000 crore beyond 2015.

Friday, July 13, 2012

My stock for the year DEN is at year high today






Den Networks has soared 7% at Rs 123, also its 52-week high, after the company said that overseas investor - TIAA-CREF Investment Management, LLC has bought one per cent of the company through open market transaction.
“TIAA-CREF Investment Management, LLC has acquired 1.3 million shares representing 1% stake of the company through market purchase on July 11,” Den Networks said in a filing.



Total holding of TIAA-CREF Investment Management, LLC in broadcasting and cable TV Company now increased to 5.93% from 4.93% after this acquisition.
New York-based TIAA-CREF Investment Management, LLC operates as a subsidiary of Teachers Insurance and Annuity Association College Retirement Equities Fund.
The stock has outperformed the market by appreciating 156% so far in 2012, compared to around 12% rise in benchmark Sensex.
The trading volumes on the counter surged almost four-fold today, with a combined 1.8 million shares have changed hands so far on the BSE and NSE



India: Digitisation positive for cable TV

This is my old post regarding Cable Digitization in Indianmetros...I am again posting this info to have a look at my recos 
The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers.
The much-awaited Cable TV Networks Regulation Amendment Bill was finally passed by the Lok Sabha on Tuesday paving the way for the next digital wave in the country.

The move will cheer investors of DTH operators and Multiple System Operators like Den Network and Hathway Cables.
The Bill aims to digitise India's vast cable TV network by the end of 2014.
The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers
With this Bill being passed, nearly 80 per cent of the subscribers who are under-declared in the analogue regime will be forced to go digital, translating into higher revenues across the chain.
The move is also expected to benefit broadcasters as it will help derisk their revenue base by increased subscription revenues through advertising revenues. While this move is expected to be a win-win for all stakeholders, it has faced stiff opposition from Local Cable Operators who will be compelled to allign with MSOs.

With digitization, viewers stand to benefit with more number of channels and better quality viewing. But with the capital requirement for digitization estimated at Rs 20,000 crore, it is going to be a cash guzzling task.

SO I RECOMMEND HATHWAY CABLES AT RS.110 FOR A TARGET OF 240 WITH A ONE YEAR PERSPECTIVE AND DEN NETWORK AT RS.54 FOR A TARGET OF RS.250 IN COMING YEARS

Tuesday, July 3, 2012

STOCK SCANNER


India: Digitisation positive for cable TV

This is my old post regarding Cable Digitization in Indianmetros...I am again posting this info to have a look at my recos 
The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers.
The much-awaited Cable TV Networks Regulation Amendment Bill was finally passed by the Lok Sabha on Tuesday paving the way for the next digital wave in the country.

The move will cheer investors of DTH operators and Multiple System Operators like Den Network and Hathway Cables.
The Bill aims to digitise India's vast cable TV network by the end of 2014.
The cable networks in the four metros will be digitized by the end of June 2012. Currently, the total TV household subscriber base is 135 million out of which close to 110 million are analog subscribers
With this Bill being passed, nearly 80 per cent of the subscribers who are under-declared in the analogue regime will be forced to go digital, translating into higher revenues across the chain.
The move is also expected to benefit broadcasters as it will help derisk their revenue base by increased subscription revenues through advertising revenues. While this move is expected to be a win-win for all stakeholders, it has faced stiff opposition from Local Cable Operators who will be compelled to allign with MSOs.

With digitization, viewers stand to benefit with more number of channels and better quality viewing. But with the capital requirement for digitization estimated at Rs 20,000 crore, it is going to be a cash guzzling task.

SP I RECOMMEND HATHWAY CABLES AT RS.110 FOR A TARGET OF 240 WITH A ONE YEAR PERSPECTIVE AND DEN NETWORK AT RS.54 FOR A TARGET OF RS.250 IN COMING YEARS