Gray Market Premium Prices for India IPO: 10th Nov, 2010

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Company Name	Offer Price	Premium
	(Rs.)	(Rs.)
Gravita India	120 to 125	52 to 54
Power Grid FPO	85 to 90 (rumor)	6 to 8

POWER GRID CORP OF INDIA-- A good bet: Edelweiss

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POWER GRID CORP OF INDIA
A good bet


􀂃 ~INR 76 bn FPO: 50% offer for sale and 50% fresh issue
Power Grid Corporation of India (PGCIL) plans to issue 4.2 bn fresh shares, with
the government selling another 4.2 bn shares from its stake, in the INR 85–90 /
share (at 1.8x post issue FY12 book value) price range. The resultant INR 76 bn
issue will dilute government’s stake in the company from 86.4% to 69.4%.

Get IPO allotment details by email and sms for Gravita and Power Grid

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CLICK HERE to Get IPO allotment details by email and sms for Gravita and Power Grid


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Forthcoming Results F2Q 2011 (Sept 2010 quarter) 11-Nov-10

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11-Nov-10
Company	Company	Company	Company	Company
20 Microns	Cipla	JCT Electronics	Pacific Cotspin	Shakti Press
Aarti Inds	CMS Infotech	Jeypore Sugar	Parenteral Drug	Shiva Texyarn
ABC Paper	Coastal Road	JJ Finance	Phoenix Intl	Shree Cement
Abhishek Corp	Coral Lab	Jubilant Life	Pioneer Invest	Shri Ganesh Spi
Ace India	Core Projects	Kalyani Forge	Polychem	Shri Jagdamba
ADINATH BIO	Cyber Media	KCP Sugar	Prabhav Inds	Shriram Epc
Ajcon Global	Datanet Sys	KEI Inds	Pranavaditya	Silicon Valley
Almondz Glob	Dhampur Sug Mil	KEW Inds	Precision Pipes	Simran Farms
Amforge Inds	Dolat Invest	KNR Constr	Premier Expl	Sinnar Bidi
Anand Credit	Dujodwala Paper	KRBL	Prima Plast	Sirpur Paper
Anant Raj Inds	Dunlop India	Kuberkamal Indl	Priya	Som Datt Fin
Andhra Cements	EL Forge	Lanco Infra	PSL	Soma Textiles
Apollo Tyres	Fert & Chem Trv	LGS Glob	PTL Enterprises	Spectacle Inds
Aroni Comm	Ganesh Poly	Lumax Auto Tech	Punjab Chem	SPMLINFRA
Artefact Proj	Gratex Inds	Mahan Inds	Rama Newsprint	Standard Med
Asian Hotels	GRM Overseas	Malu Paper	Ranbaxy Lab	Sujana Towers
Bajrang Fin	Gujarat NRE Coke	Man Infra	REISIX TENR	SURANATP
Bannari Amman Spg	HDIL	Margo Finance	Remi Edelstahl	Suryachakra Pow
Bannari Amman Sug	Hikal	Mawana Sugars	Remi Elektrotechnik	TARAPUR TRA
Bemco Hydr	Hindustan Org	Medinova Diag	Remi Process	Themis Medicare
Bharati Ship	India Lease	MGF	Remi Sales	Thiru Arooran
Bhushan Steel	Indo Count Inds	Microse India	Remi Securities	Unitex Designs
Bihar Sponge	Indo Gulf Inds	Miven Machine	Rishi Laser	Vipul
Bilpower	Insecticides India	MMTC	Rubber Prod	VSF Proj
Bliss GVS	Interlink Petro	NESCO	Sagar Tourist	WEBEL SL ENE
Bombay Burmah	Jai Balaji Inds	Nilkanth Engr	Salora Intl	West Coast Paper
Calcom Vision	Jamna Auto	Om Metals	Sanguine Media	Winro Comm
Caprihans India	JBM Auto	Omkar Overseas	Saraswati Comm	Winsome Tex

BPCL- Q2FY11 Result Update; Times are getting better;Emkay

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Bharat Petroleum Corp. Ltd

Times are getting better

ACCUMULATE

CMP: Rs 756                                        Target Price: Rs 805

---

n     BPCL reported results which were above our estimates at EBIDTA and PAT Level, primarily due to issuance of oil bonds/Cash receivables during the quarter

n     EBIDTA at Rs.24.8bn, against EBIDTA loss of Rs0.9bn, mainly due to issuance of oil bonds/cash receivables from the government of India

n     Average gross refining margin for 1H FY11 was at $3.19/bbl as compared to $3.53/bbl (decline of 10% YoY) below our expectation of $3.7/bbl

n     Valuations look attractive at 1.4x FY12E ABV, mainly due to recent change in reforms,  Accumulate rating with TP of Rs.805

FII & DII trading activity on NSE and BSE as on 10-Nov-2010

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FII trading activity on NSE and BSE on Capital Market Segment

The following is combined FII trading data across NSE and BSE collated on the basis of trades executed by FIIs on 10-Nov-2010.

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII 10-Nov-2010 2845.15 2877.67 -32.52

Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment

The following is combined Domestic Institutional Investors trading data across NSE and BSE collated on the basis of trades executed by Banks, DFIs, Insurance, MFs and New Pension System on 10-Nov-2010.

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 10-Nov-2010 1150.43 1294.14 -143.71

FII DERIVATIVES STATISTICS FOR 10-Nov-2010

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FII DERIVATIVES STATISTICS FOR 10-Nov-2010
	BUY		SELL		OPEN INTEREST AT THE END OF THE DAY
	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores	No. of contracts	Amt in Crores
INDEX FUTURES	28371	895.69	54228	1712.20	562827	17799.28	-816.51
INDEX OPTIONS	115663	3593.52	124047	3840.39	1797249	56394.98	-246.87
STOCK FUTURES	41836	1254.19	53415	1658.03	1494355	44110.92	-403.84
STOCK OPTIONS	19596	668.87	19720	671.85	31693	945.14	-2.98
						Total	-1470.20