Intraday calls
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Gitanjali Gems:
Partha Gems LLP has submitted the disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares & Takeovers), Regulations, 1997 to BSE
Partha gems has bought 3,01,000 shares of Gitanjali gems on Dec 7th and Dec 9, 2010.. i.e..it gives them 2.81% voting rights in Gitanjali Gems.
Total Shares/VR after acquisition 23,69,452
On 10 DEC - Gitanjali Gems Limited - CREDIT SUISSE FIRST BOSTON (SINGAPORE) LIMITED - BUY 495000 shares @ 181.6
Partha Gems LLP has submitted the disclosure under Regulation 7(1) of SEBI (Substantial Acquisition of Shares & Takeovers), Regulations, 1997 to BSE
Partha gems has bought 3,01,000 shares of Gitanjali gems on Dec 7th and Dec 9, 2010.. i.e..it gives them 2.81% voting rights in Gitanjali Gems.
Total Shares/VR after acquisition 23,69,452
On 10 DEC - Gitanjali Gems Limited - CREDIT SUISSE FIRST BOSTON (SINGAPORE) LIMITED - BUY 495000 shares @ 181.6
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If you look @ week-on-week basis, the Sensex fell by 457 points or 2.3%, to
close at 19508.90. CNX Nifty also closed in the red by 135 points, or 2.3%, to close at 5857 for the week.
But Midcap index was nearly -15% down to close at 7,405.9.
Coming to Gitanjali, 3-4th week of october we saw breakout on charts; and by nov. it hit all time highs...Due to the recent correction/scam/panic midcap selling.... we saw price erosion in most of the midcap stocks...not only in Gitanjali.
In the recent activities in gitanjali....promoter has increased their state to 53.96% from 51.47% and FII holding 17.01%.
With present mkt price,
EPS (TTM) 20.99
P/E 8.65
Book Value 241.60 and
Price/Book 0.75 which suggests that cmp is below the book value and it is a Value buy at these levels.
Also Consistent dividend payouts in the last 5 yrs.
Moreover it is 10 rupees face value share and they have a chance to stock spilt on rally in future.
Also FII buying around 180 levels suggests that upside is intact in this one.
It would be advisable to buy in SIP route around 160-190 levels...rather than wait for 280-330 levels....
close at 19508.90. CNX Nifty also closed in the red by 135 points, or 2.3%, to close at 5857 for the week.
But Midcap index was nearly -15% down to close at 7,405.9.
Coming to Gitanjali, 3-4th week of october we saw breakout on charts; and by nov. it hit all time highs...Due to the recent correction/scam/panic midcap selling.... we saw price erosion in most of the midcap stocks...not only in Gitanjali.
In the recent activities in gitanjali....promoter has increased their state to 53.96% from 51.47% and FII holding 17.01%.
With present mkt price,
EPS (TTM) 20.99
P/E 8.65
Book Value 241.60 and
Price/Book 0.75 which suggests that cmp is below the book value and it is a Value buy at these levels.
Also Consistent dividend payouts in the last 5 yrs.
Moreover it is 10 rupees face value share and they have a chance to stock spilt on rally in future.
Also FII buying around 180 levels suggests that upside is intact in this one.
It would be advisable to buy in SIP route around 160-190 levels...rather than wait for 280-330 levels....
Rallis India
Metahelix acquisition to be earnings positive
Rallis India, a subisidary of Tata Chemcials, has announced the acquisition of a majority stake of 53.5% in Metahelix Life Sciences (Metahelix), a seed research company. The acquisition is an all-cash deal of Rs99.5 crore funded largely through internal accruals. Rallis India will subscribe to an additional equity of Rs25 crore to increase its stake in Metahelix to 59.02%. Further, Rallis India will enhance its shareholding to 100% in Metahelix over a period of five years.
The acquisition is positive for Rallis India as it has taken place at reasonable valuations and is likely to be earnings accretive from FY2012. Additionally, the acquisition will complement Rallis India?s existing businesses and consolidate its position across the entire value chain of breeding, production and marketing. From Tata Chemicals perspective too, the acquisition is positive as it is in line with its strategy of increasing its presence in non-regulated business.
Metahelix acquisition to be earnings positive
Rallis India, a subisidary of Tata Chemcials, has announced the acquisition of a majority stake of 53.5% in Metahelix Life Sciences (Metahelix), a seed research company. The acquisition is an all-cash deal of Rs99.5 crore funded largely through internal accruals. Rallis India will subscribe to an additional equity of Rs25 crore to increase its stake in Metahelix to 59.02%. Further, Rallis India will enhance its shareholding to 100% in Metahelix over a period of five years.
The acquisition is positive for Rallis India as it has taken place at reasonable valuations and is likely to be earnings accretive from FY2012. Additionally, the acquisition will complement Rallis India?s existing businesses and consolidate its position across the entire value chain of breeding, production and marketing. From Tata Chemicals perspective too, the acquisition is positive as it is in line with its strategy of increasing its presence in non-regulated business.
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