22 September 2011

Vaswani, PG Electroplast, Prakash Constrowell, RDB Rasayan, Tijaria Polypiles: 9/23/11 :IPO Grey Market premium

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Company Name
Offer Price (Rs)
Expected Listing Price Premium



Vaswani Ind.
52
Discount
PG Electroplast Limited
210
Discount
Prakash Constrowell
130 to 138
Discount
RDB Rasayan
72 to 79
Discount
TijariaPolypiles
60
Discount
Religare Bond
1000
Discount

Asian shipping - Containerships under pressure :: Macquarie Research,

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Asian shipping
Containerships under pressure
Event
􀂃 Following a year of record – or close to record – profits for most containership
operators in 2010, the industry has lurched back into loss, with the lone
exception in Asia being Macquarie’s top pick, Orient Overseas (OOIL). The
industry has faced a lose-lose situation – order ultra-large containerships
(ULCS) in order to compete on long-haul routes like Asia-Europe, but do so at
the risk of adding to what appears to be an emerging over-supply situation. A
number of operators, especially in Europe, are stretched financially to pay for
their new vessels, and we believe this could eventually enable Asian
operators to take market share.
Impact
􀂃 Whither rates? After the global financial crisis and the sharp deterioration in
trade volumes in 2009, the containership industry pulled itself out of deep loss
with effective supply management. It was thought they had “learned their
lesson”. In 2011, however, an influx of capacity has led to a rate war. We look
at the outlook for a recovery in rates.
􀂃 Balancing the order book: At US$100–150m apiece, ULCS are not cheap,
especially when you need a string of 10 to operate on the Asia-Europe trade
lanes. Somehow the industry has scrapped together all its spare change and
as can be seen in the side-bar, ordered a lot of ULCS. The question is, can
the industry absorb all these new behemoths?
􀂃 Taking share: Asian operators have moved up the ranks, but the three
biggest operators of containerships are European, and command 40% market
share. We look at whether they can be knocked down.
Outlook
􀂃 Global jitters precipitated by the European debt crisis and a flagging US
economy have combined with fears of a Chinese slowdown and contributed to
very weak performance among the Asian containership operators for most of
2011. The market has not discriminated between operators making money
and those with mounting losses.
􀂃 We believe Orient Overseas offers excellent value on just 0.6x P/BV, and it is
our top pick. It has remained profitable in its core operations unlike any other
global operator in Asia.
􀂃 We have upgraded CSCL to Outperform as the P/BV of 0.5x is below its
peers. We believe it has minimised losses by focusing more on domestic
Chinese business and chartering out excess tonnage.
􀂃 In Taiwan Corrine Jian has downgraded Yang Ming (2609 TT, NT$16.10, TP
NT$13.50) to Underperform and Wan Hai (2615 TT, NT$14.05, TP NT$15.00)
to Neutral following disappointing 1H earnings.

FII DERIVATIVES STATISTICS FOR 22-Sep-2011

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FII DERIVATIVES STATISTICS FOR 22-Sep-2011 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES1365893390.622091355203.7869860917044.84-1813.16
INDEX OPTIONS91431022449.8183948720751.23240282759145.311698.58
STOCK FUTURES1217282934.041357193329.86122933929696.28-395.82
STOCK OPTIONS23642564.4724152570.86705751690.75-6.39
      Total-516.79


-- 

BSE, Bulk deals, 22/9/2011

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Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
22/9/2011533412Aanjaneya LifecareSONAL SHARES INVESTMENT & COMPANY(MEET SUMANBHAI PATEL)S71200491.97
22/9/2011524760Arvind Intl-$HARSHA MAYURBHAI SHETHB15493118.53
22/9/2011524760Arvind Intl-$HARSHA MAYURBHAI SHETHS10933118.62
22/9/2011512535Asahi InfraMILKWAY MERCANTILES PRIVATE LIMITEDB1805214.08
22/9/2011512535Asahi InfraMILKWAY MERCANTILES PRIVATE LIMITEDS1805214.13
22/9/2011532047Asian FilmsLUCKYGIRL FASHION PRIVATE LTDB4731933.84
22/9/2011532047Asian FilmsRELIGARE FINVEST LTDS4739613.84
22/9/2011530355Asian OilfieldALBULA INVESTMENT FUND LTDB35000050.00
22/9/2011530355Asian OilfieldLOTUS GLOBAL INVESTMENTS LIMITEDS35000050.00
22/9/2011511664BGIL FilmsINDER PALB500006.74
22/9/2011511664BGIL FilmsCRS WEALTH CREATORS PRIVATE LIMITEDB351167.00
22/9/2011511664BGIL FilmsCRS WEALTH CREATORS PRIVATE LIMITEDS351166.63
22/9/2011531137Gemstone InvestMANISH SURESH JOSHIS4010008.90
22/9/2011533282Gravita IndiaA K G SECURITIES AND CONSULTANCY LTDB133915424.49
22/9/2011533282Gravita IndiaR M SHARES TRADING PRIVATE LIMITEDB108286423.59
22/9/2011533282Gravita IndiaCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDB82742423.71
22/9/2011533282Gravita IndiaCHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDS82742424.33
22/9/2011533282Gravita IndiaR M SHARES TRADING PRIVATE LIMITEDS108286423.53
22/9/2011533282Gravita IndiaA K G SECURITIES AND CONSULTANCY LTDS133915424.83
22/9/2011524754Gujarat MediSUNNY RASHMIKANT THAKKARS10000013.60
22/9/2011513723Himalaya Gran-$ANIRUDHA BUBNA TRUSTB2133213.27
22/9/2011513723Himalaya Gran-$GYAN TRADERS LIMITEDS1800013.25
22/9/2011533520INDBULL WSLSVS SECURITIES PVT LTDS4790774.09
22/9/2011500204India SecESSAR CAPITAL LIMITEDB4750000059.00
22/9/2011500204India SecESSAR TELEHOLDINGS LIMITEDS4750000059.00
22/9/2011531339Jaihind ProjDINESH LALCHANDBHAI HINDUJAS50000126.08
22/9/2011531401Khodiyar IndsHARISH KISHANLAL BHATIAS814273.63
22/9/2011531401Khodiyar IndsSHIV SHANKER BHOOTRAS331633.63
22/9/2011506128Krishna DeepVINSAN CREDIT & SECURITIES LTDB46300138.79
22/9/2011506128Krishna DeepCARNET ELIAS FERNANDESS22000139.15
22/9/2011523248Machino Plast-$ADITYA JINDALB12500055.25
22/9/2011523248Machino Plast-$MACHINO FINANCE PVT LTDS12500055.25
22/9/2011531146Medicamen Bio-$VINOD SHAHB6000024.85
22/9/2011500338Prism CementMORGAN STANLEY MAURITIUS COMPANY LIMITEDS438916143.00
22/9/2011590120Provestment ServCALLOW ESTATE PRIVATE LIMITEDB3000064.35
22/9/2011590120Provestment ServCALLOW ESTATE PRIVATE LIMITEDS3000066.95
22/9/2011511585Regency TrustMOHAMMED ALI BUDHWANIB5300056.00
22/9/2011511585Regency TrustS J INFRATECH PRIVATE LIMITEDB6015154.83
22/9/2011511585Regency TrustSUBRATA MUKHERJEES6700054.83
22/9/2011533470Rushil DecorVICKY RAJESH JHAVERIB72650166.23
22/9/2011533470Rushil DecorVICKY RAJESH JHAVERIS72650168.00
22/9/2011533056SARK SYSVENKATA NARASIMHA MURTHY SEETHEPALLIB1000028.00
22/9/2011533056SARK SYSSANKAR SENS936008.00
22/9/2011531886SCOPE INDIMRAN AHMED ALAUDDIN AHMEDB5700026.90
22/9/2011531886SCOPE INDSUBBARAO DEVARASETTYB6000026.13
22/9/2011531886SCOPE INDDURGAPRASAD VISHWA MUDIGUNDAS10942326.69
22/9/2011531886SCOPE INDVIJAYANAND KETHAS5700126.90
22/9/2011533268Sea TV NetworkPRUDENT BROKING SERVICES PRIVATE LIMITEDB6027819.00
22/9/2011531013Sun GraniteTILOTTAMA HOLDINGS PVT.LTDB9000041.65
22/9/2011533540TREE HOUSECHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDB360969170.46
22/9/2011533540TREE HOUSEGKN SECURITIESB201864170.66
22/9/2011533540TREE HOUSER M SHARES TRADING PRIVATE LIMITEDB285313170.73
22/9/2011533540TREE HOUSEA K G SECURITIES AND CONSULTANCY LTDB714815171.58
22/9/2011533540TREE HOUSECROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB324958173.40
22/9/2011533540TREE HOUSEA K G SECURITIES AND CONSULTANCY LTDS714815171.69
22/9/2011533540TREE HOUSECROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS324958173.70
22/9/2011533540TREE HOUSEGKN SECURITIESS201864170.87
22/9/2011533540TREE HOUSECHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITEDS370625170.72
22/9/2011533540TREE HOUSER M SHARES TRADING PRIVATE LIMITEDS285313170.77
22/9/2011590091TRINETHRA INVIRAJ MAHESHBHAI SHAHB2800103.67
22/9/2011590091TRINETHRA INLAKSHMAN VS2113003.67
22/9/2011533427VMS IndsMAN MOHAN DAMANIS9620020.00
22/9/2011533427VMS IndsS J INFRATECH PRIVATE LIMITEDS15200020.05
22/9/2011506720ZANDUREALTYCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB58752104.23
22/9/2011506720ZANDUREALTYCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS58752102.90
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price