25 April 2011

The Surge in Food Prices: What’s Different This Time? ::Carnegie Endowment for International Peace

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


By Shimelse Ali , Vera Eidelman
International Economic Bulletin, April 21, 2011
Though global food prices have now passed the record highs reached in 2008, important differences between the two surges have prevented today’s crisis from having as severe of an impact on the world’s most vulnerable populations.

Global food prices have surged since June and are now at record highs, surpassing the levels of the last great food crisis in 2007/08. Already, the dramatic rise has dragged millions of people into extreme poverty and stoked inflation in China and India. However, the effects of this round of food price hikes are not as severe as last time.
Several of the factors behind today’s increase parallel those that drove the 2007/2008 food-price crisis—including export controls, biofuels production, high oil prices, and poor harvests. But the prices of cereals, particularly rice, have increased less than in 2008 and domestic prices in some of the world’s poorest countries have actually fallen amid better local harvests. The lower incidence of harmful policy responses, which amplified the crisis last time, likely helped as well.
Although these factors have lowered the surge’s impact, prices are likely to remain elevated and volatile for the next few years. Policy makers must heed the lessons of the past if they are to prevent more hunger now.

PI Industries Q4FY11 Con Call Summary: Emkay

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


PI Industries Q4FY11 Con Call Summary:
We attended the conference call of PI Industries on 19th April, Tuesday.
The company reported consolidated revenues of Rs 2.1 bn (+52% YoY), PAT of Rs 204 mn (+93% YoY) in Q4 2011. For FY2011, it reported revenues of Rs 7.2 bn (+33% YoY) and PAT of Rs 651 mn (+55% YoY).
Key Takeaways from the call:
Company Specific
n    Management expects to clock 35-40% revenue growth in FY 2012. They expect sales volumes to be the main contributor of revenue growth in the coming year.
n    They expect volumes to grow by 30-32% while price realizations would support growth by 4-5% in FY2012.
n    PI Industries has been able to outperform the industry in terms of revenue growth in FY 2011. In FY 2011, company recorded sales growth of 33% while industry growth is around 15%.
n    As per the company, they have a current order book of $300mn in custom synthesis segment.
n    Both agri business & custom synthesis segment is expected to grow at 35%-40% in FY2012.
n    Management expects EBITDA margins to expand by 100-150 bps because of a favorable shift in product mix and improved operating leverage.
n    As per the company, preference shares & debentures would be converted into equity in FY2012.
n    Company’s raw material costs have been increasing for the last 3-4 months. However, in the last 2 months, it has been able to pass on the raw material cost increases to its clients.
Industry Related
n    Management expects agro chemical industry to witness strong growth ahead because of increased food requirements in the economy. They expect the industry to grow at more than 15%.
n    Further, demand for agro chemicals would continue to increase in the coming years as farmers increasingly adopt agro chemicals to boost yields. Good monsoon season would also improve the agriculture sector performance.
n    As per the company, agri commodity prices would continue to be strong supported by robust demand for food grains.
n    Management also stated that passing of raw material costs increases on to the customers is an industry wide phenomenon.

IMD forecasts 2011 monsoon at 98% of LPA : Emkay

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


IMD forecasts 2011 monsoon at 98% of LPA
Indian Meteorological Department (IMD) yesterday released its first forecast for southwest monsoon 2011 at 98% (872mm) of the long period average (LPA). LPA for southwest monsoon for India as whole is 890mm. The seasonal rainfall for southwest monsoon for 2010 was at 911mm.
IMD will issue its second stage forecast in June 2011 alongwith region-wise forecast for the season.
We believe even 98% forecast augurs well for India as historically even with deviation of at least at +6/-6%, the real agriculture GDP for India has been between 0-11%. However, much will also depend on the time of arrival (early or delayed) and the monsoon post the southwest monsoon season. A delayed monsoon alongwith good rainfall post-season may also help the rabi crop as was case in 2009.

Forthcoming IPO: Future Ventures, Innoventive Industries, Servalakshmi Paper

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


ist of some of the IPOs coming up for subscription during the coming week.
Forthcoming IPO
S.No.Company NameIssue DatesPrice RangeMinimum Bid
Quantity
Face
Value
Grading
1.Future Ventures India Limited25-Apr-2011 To 28-Apr-2011Rs.10 to Rs.11600Rs.10/-CARE - 3
2.Innoventive Industries Limited26-Apr-2011 To 29-Apr-2011Rs.117 to Rs.12050Rs.10/-ICRA - 3
3.Servalakshmi Paper Limited27-Apr-2011 To 29-Apr-2011Rs 27 to Rs 29200Rs 10/-ICRA - 2

FII & DII trading activity on NSE and BSE as on 25-Apr-2011

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


II 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 25-Apr-2011.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII25-Apr-20111560.161937.75-377.59
 
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 25-Apr-2011.
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII25-Apr-20111082.1845.48236.62
 


-- 

FII DERIVATIVES STATISTICS FOR 25-Apr-2011

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


FII DERIVATIVES STATISTICS FOR 25-Apr-2011 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES1175443474.751164523442.0558118617124.8732.69
INDEX OPTIONS1523254469.141620644731.33174978151195.19-262.18
STOCK FUTURES2368496266.432480006574.68131757434894.50-308.25
STOCK OPTIONS7609216.758322232.8522370621.57-16.11
      Total-553.85
 
 

-- 

25-Apr-2011; NSE, Bulk deals,

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��



Symbol
Security Name
Client Name
Buy / Sell
Quantity Traded
Wght. Avg.
Price
BEDMUTHA
Bedmutha Indust Ltd
JAYNEEL SECURITIES PRIVATE LIMITED
BUY
1,34,824
118.80
BEDMUTHA
Bedmutha Indust Ltd
JAYNEEL SECURITIES PRIVATE LIMITED
SELL
1,33,633
118.68
BEDMUTHA
Bedmutha Indust Ltd
SAAKSHI SHARES PVT.LTD.
BUY
1,30,834
119.45
BEDMUTHA
Bedmutha Indust Ltd
SAAKSHI SHARES PVT.LTD.
SELL
12,304
117.41
GLORY
Glory Polyfilms Limited
PLANET INVESTMENTS & FINANCE PVT LTD
BUY
13,71,208
3.93
GLORY
Glory Polyfilms Limited
PLANET INVESTMENTS & FINANCE PVT LTD
SELL
11,28,038
3.81
GLORY
Glory Polyfilms Limited
PRAKASH TRADING CO. (PRAKASH DALPATILAL SONI)
BUY
4,00,000
3.75

25/4/2011; BSE, Bulk deals,

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


Scrip Code
Company
Client Name
Deal Type *
Quantity
Price **
530499
AK Capital
INDIAN NATIONAL PRESS BOMBAY LTD
B
79659
411.25
530499
AK Capital
LIPPO PROPERTIES PRIVATE LIMITED
S
79659
411.25
507918
ARUMUGA
SPARROW INDIA DIVERSIFIED OPPORTUNITIES FUND I
B
28000
77.70
507918
ARUMUGA
DIPTI DHIREN SHAH
S
9000
77.70
507918
ARUMUGA
MONEYBEE SECURITIES PRIVATE LIMITED
S
19700
77.70
512535
Asahi Infra
INDRAVARUN TRADE IMPEX PVT LTD
B
1017196
10.31