NSE, Bulk deals, 19-Mar-2012

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Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
19-Mar-2012	ADFFOODS	ADF Foods Limited	KOHLI BINNAIFERR S	BUY	3,85,512	51.26	-
19-Mar-2012	ADFFOODS	ADF Foods Limited	KOHLI SANJAY RAMESH	SELL	3,85,512	51.26	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	A K G SECURITIES AND CONSULTANCY LTD.	BUY	28,843	433.90	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	A K G SECURITIES AND CONSULTANCY LTD.	SELL	28,843	434.03	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	ALIVE CONSULTANTS ALIVE	BUY	32,710	435.13	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	ALIVE CONSULTANTS ALIVE	SELL	32,710	435.44	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	AMPLE HOTELS AND RESORTS PRIVATE LIMITED	BUY	25,838	434.31	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	AMPLE HOTELS AND RESORTS PRIVATE LIMITED	SELL	25,838	434.55	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	AXIS EQUITIES PRIVATE LIMITED	BUY	19,009	443.59	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	AXIS EQUITIES PRIVATE LIMITED	SELL	19,009	443.23	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	C D INTEGRATED SERVICES LTD.	BUY	35,917	438.44	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	C D INTEGRATED SERVICES LTD.	SELL	35,917	438.86	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	CHANDARANA INTERMEDIARIES BROKERS P. LTD	BUY	47,566	438.64	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	CHANDARANA INTERMEDIARIES BROKERS P. LTD	SELL	47,566	438.22	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	2,17,634	431.51	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	2,18,136	431.55	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DEEPAK JAGDISHRAM GUPTA	BUY	38,179	443.26	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DEEPAK JAGDISHRAM GUPTA	SELL	38,179	451.21	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DINESH MUNJAL	BUY	18,000	450.81	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DINESH MUNJAL	SELL	30,000	427.79	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DINESH MUNJAL(HUF)	BUY	1,12,077	436.47	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	DINESH MUNJAL(HUF)	SELL	1,00,077	440.47	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	EXCEL MERCANTILE PRIVATE LIMITED	BUY	42,873	431.82	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	EXCEL MERCANTILE PRIVATE LIMITED	SELL	42,873	431.84	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	GKN SECURITIES	BUY	31,621	436.43	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	GKN SECURITIES	SELL	31,621	436.49	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	INDUS PORTFOLIO (P) LTD	BUY	29,462	436.81	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	INDUS PORTFOLIO (P) LTD	SELL	29,462	437.17	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MAGNUM EQUITY BROKING LIMITED	BUY	61,958	440.25	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MAGNUM EQUITY BROKING LIMITED	SELL	61,958	440.21	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MANSUKH SECURITIES & FINANCE LIMITED	BUY	21,763	439.29	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MANSUKH SECURITIES & FINANCE LIMITED	SELL	21,763	440.65	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MARWADI SHARES AND FINANCE LIMITED	BUY	20,250	441.28	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MARWADI SHARES AND FINANCE LIMITED	SELL	20,250	441.97	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MODEX INTERNATIONAL SECURITIES LTD.	BUY	23,036	436.03	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	MODEX INTERNATIONAL SECURITIES LTD.	SELL	23,036	437.12	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	QUADEYE SECURITIES PRIVATE LIMITED	BUY	18,081	437.03	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	QUADEYE SECURITIES PRIVATE LIMITED	SELL	18,081	436.87	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	RAJAN KUMAR	BUY	25,583	434.65	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	RAJAN KUMAR	SELL	25,583	434.65	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	ROMY INVESTMENT & CONSULTANT	BUY	22,210	441.03	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	ROMY INVESTMENT & CONSULTANT	SELL	22,210	441.17	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SANJAY AGARWAL	BUY	24,240	442.46	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SANJAY AGARWAL	SELL	24,240	442.66	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SHREE AERAN MARKETING PVT. LTD.	BUY	47,554	436.39	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SHREE AERAN MARKETING PVT. LTD.	SELL	47,554	436.68	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SHREE NAMAN SECURITIES & FINANCE PVT. LTD	BUY	35,193	441.39	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SHREE NAMAN SECURITIES & FINANCE PVT. LTD	SELL	37,264	439.13	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SMP SECURITIES LTD.	BUY	65,323	429.87	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	SMP SECURITIES LTD.	SELL	65,323	430.40	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	YOGESH JINDAL	BUY	33,425	440.48	-
19-Mar-2012	ATLASCYCLE	Atlas Cycles (Haryana) Lt	YOGESH JINDAL	SELL	33,425	441.27	-
19-Mar-2012	GOENKA	Goenka Diamond&Jewels Ltd	INDUSTRIAL FINANCE CORPORATION OF INDIA LTD	SELL	1,78,757	66.50	-
19-Mar-2012	GOENKA	Goenka Diamond&Jewels Ltd	KRISHNA TRADE & COMMERCE PVT. LTD	BUY	2,00,000	66.50	-
19-Mar-2012	HERCULES	Hercules Hoists Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	1,97,418	290.67	-
19-Mar-2012	HERCULES	Hercules Hoists Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	1,97,418	290.54	-
19-Mar-2012	HERCULES	Hercules Hoists Limited	SMP SECURITIES LTD.	BUY	85,462	289.86	-
19-Mar-2012	HERCULES	Hercules Hoists Limited	SMP SECURITIES LTD.	SELL	85,462	289.92	-
19-Mar-2012	HOTELRUGBY	Hotel Rugby Ltd	CELEBRITY CONSULTANTS PRIVATE LIMITED	SELL	1,00,000	4.95	-
19-Mar-2012	HOTELRUGBY	Hotel Rugby Ltd	JITENDRAKUMAR BABULAL SHAH	BUY	1,25,000	4.96	-
19-Mar-2012	MAHLIFE	Mahindra Lifespace DevLtd	HSBC GLOBAL INVESTMNETS FUNDS MAURITIUS LIMITED	SELL	5,79,537	320.00	-
19-Mar-2012	NEULANDLAB	Neuland Laboratories Ltd	VAMSIKRISHNA BANDI	BUY	29,992	79.85	-
19-Mar-2012	ONELIFECAP	Onelife Cap Advisors Ltd	AIRAN FINSTOCKS PRIVATE LIMITED	BUY	69,179	377.54	-
19-Mar-2012	ONELIFECAP	Onelife Cap Advisors Ltd	AIRAN FINSTOCKS PRIVATE LIMITED	SELL	69,179	399.13	-
19-Mar-2012	PRETAILDVR	Class B shares (Series 1)	ARION COMMERCIAL PVT LTD	BUY	1,73,751	97.22	-
19-Mar-2012	PRETAILDVR	Class B shares (Series 1)	SANTOSH INDUSTRIES LTD	SELL	1,75,000	97.22	-
19-Mar-2012	RANKLIN	Ranklin Solutions Limited	O MARKANDEYULU	SELL	43,000	8.43	-
19-Mar-2012	SATYAMCOMP	Satyam Computers Ltd	CITIBANK NYADR-SATYAM COMP LTD	SELL	140,91,488	67.52	-
19-Mar-2012	SATYAMCOMP	Satyam Computers Ltd	RELIANCE CAPITAL TRUSTEE COMPANY LTD A/C RELIANCE GROWTH FUN	BUY	129,60,000	67.50	-
19-Mar-2012	STAN	Standard Chartered PLC	DEUTSCHE SECURITIES MAURITIUS LIMITED	BUY	23,71,177	102.61	-
19-Mar-2012	TV18BRDCST	TV18 Broadcast Limited	TREE LINE ASIA MASTER FUND (SINGAPORE) PTE LIMITED	SELL	49,00,000	23.00	-
19-Mar-2012	VARUN	Varun Industries Limited	ALBERS DIAMONDS PRIVATE LIMITED	BUY	1,60,000	218.75	-
19-Mar-2012	VARUN	Varun Industries Limited	ALBERS DIAMONDS PRIVATE LIMITED	SELL	2,05,000	219.73	-
19-Mar-2012	VARUN	Varun Industries Limited	SANCHETI PROPERTIES PRIVATE LIMITED	BUY	1,60,000	241.93	-
19-Mar-2012	VARUN	Varun Industries Limited	SANCHETI PROPERTIES PRIVATE LIMITED	SELL	1,60,000	218.75	-
19-Mar-2012	VARUN	Varun Industries Limited	SWATI RAJESH SHAH	BUY	2,05,000	219.73	-
19-Mar-2012	VARUN	Varun Industries Limited	SWATI RAJESH SHAH	SELL	1,60,249	241.80	-
19-Mar-2012	ZANDUREALT	Zandu Realty Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	5,025	1772.07	-
19-Mar-2012	ZANDUREALT	Zandu Realty Limited	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	5,025	1781.78	-

PRESIDENTIAL ELECTIONS Congress: Up against the weight of numbers ::Edelweiss

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After Congress’ poor performance in the recent state elections, the
forthcoming presidential election is likely to be the next battleground for
the ruling party. Our Electoral College calculations suggest that on its own
the party will not be able to garner more than 30% votes, not enough to
push its candidate successfully. Ergo, India’s grand old ruling party will
have to either agree to a consensus candidate, in which case it loses
influence during political crisis, or it risks losing the presidential election
altogether, a big loss of face for the embattled party. In any case, the
election is likely to unleash heightened political uncertainty, with the
attendant possibility of mid-term polls.

Global economy: Fragile West, resilient East :Chief Economist at Standard Chartered Bank in:Business Line

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As the Chinese economy grows bigger, it becomes harder to manage than in the past. The need to switch from investment to consumption-led growth poses many challenges. 

There are two key influences that impact global economic outlook this year. The first is the shift in balance of economic and financial power, highlighted by the emergence of China, India and Brazil — not to mention a host of other economies across Asia, Africa and the West Asia. This is a strong, positive driving force.

The overhang of debt that continues to weigh on the recovery in Europe and the US are the other factor. The need to de-leverage points to a steady but unspectacular recovery in the US, and signals further problems in the Euro area.

Budget's mixed blessing for commodities ::MD&CEO, MCX in Business Line

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The Finance Minister, Mr Pranab Mukherjee, presented a realistic Budget, considering the fiscal challenges facing the nation. It focuses on inclusive growth and all-round development. The approach is to augment productivity, spur investment, improve income distribution, and bring down inflation by way of speedy fiscal consolidation.

The target of subsidy ceiling at 2 per cent is indeed a bold step from the government. This, together with streamlining fertiliser, LPG and other subsidies through extensive use of the Aadhaar platform will definitely be a step towards fiscal consolidation.

DLF - CCI order on Magnolias: No incremental impact:: Edelweiss

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According to media reports, the Competition Commission of India (CCI)
has stated that DLF has abused its dominant position in Magnolias (luxury
project in Gurgaon). The order is in line with earlier orders against the
company with respect to its projects in Park Place and Belaire, also in
Gurgaon. The earlier order had imposed a penalty of INR6.3bn and
directed DLF to ‘cease and desist’. The company had earlier appealed
against the judgment to the Competition Appellate Tribunal (CAT), post
which it can approach the Supreme Court. If DLF loses the case, it will
have to pay the penalty along with 9% interest. We continue to maintain
that asset sales / debt reduction will be the key to stock performance and
maintain ‘HOLD’.

Buy Eicher Motors: A new Commercial Vehicle powerhouse: Ambit

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A new Commercial Vehicle powerhouse
With our expectation of market share gains in heavy tonnage trucks,
margin improvement and significant outsourcing opportunities from
Volvo, we believe Eicher is poised to emerge as a powerhouse in the
Indian commercial vehicle industry over the long term.

NESTLE - Milkmaid keeps it sweet :: Edelweiss

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Nestle has come up with Milkmaid Creations, a new range of powdered
dessert mixes, targeting the large Indian traditional sweet market. The
product will target the convenience‐seeking consumers besides offering
an eggless cake (for India’s large vegetarian population). Once again,
Nestle has capitalized on its core competence of a quick turnaround (10‐
15 min for a dessert would be attractive). The launch also indicates that
supply constraints for the company are getting addressed gradually (we
had pointed at Nestle upping the ante in terms of new products in our
sector report ‘India Food Guide’ dated 17th Feb 2012). Cadbury (Kraft) is
also trying to capture a slice of this pie by promoting chocolates as a
substitute for sweets. Nestle remains the best play on Indian Food
segment, but maintain ‘HOLD’ as the stock is fairly valued over near term.
Milkmaid comes out of relative inactivity, savors sweet market
Nestle Milkmaid has launched Milkmaid Creations, a new range of powdered dessert
mixes. The range includes five variants‐eggless cake, ‘pista kulfi’, ‘besan laddoo’,
‘badaam kheer’ and ‘rice kheer’. The price bracket is INR95‐INR145. The desert mix
range is currently available at select outlets in 54 cities across the country.

Natco licences win a shot in arm for domestic pharma :: Edelweiss

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In a landmark decision, the Patent Controller of India granted India’s first
compulsory licence to Natco Pharma (Natco) to sell a generic copy of
Bayer’s anti‐cancer drug (Nexavar) at 3% of the innovator price (INR284K
innovator price). Natco, in return, will pay 6% royalty on sales to Bayers.
The latter has expressed its disappointment at the development and is
likely to challenge the decision in a higher court. We believe that this
decision could act as precedent for future patented drugs and open room
for more launches under compulsory licensing.
What is compulsory licensing
Compulsory licensing is a provision in which the government can allow a generic
company to manufacture and sell a low‐cost version of a patented drug in India without
the consent of the patent holder, by paying royalty. Section 84 of the Indian Patent Law
provides a provision of compulsory licence to prevent the abuse of patent as a
monopoly and to make way for commercial exploitation of an invention by an
interested person. Under this section, any person can make an application for grant of
compulsory licence for a patent after three years from date of grant of that patent, on
any of the following grounds:
a) Drug is not freely available to patients.
b) Drug is not available at affordable prices.
c) The patented invention is not manufactured in India.
We highlight that the key focus in this provision is to provide critical medicine at
affordable cost. Globally, Brazil, South Africa and Thailand governments have
implemented compulsory licensing provisions to ensure availability of medicines to
patients at affordable prices.
Impact: Landmark decision for Indian pharma industry
We view this decision as landmark for the pharmaceutical industry and it may set a
precedent for future patented drugs, particularly in the area of critical illnesses such as
cancer and HIV. We expect more such challenges from Indian companies in similar
therapy areas and global pharma companies will have to revisit their India launch
strategy for these products. Cipla and Natco are already fighting with Merck & Co and
Viiv (JV between GSK and Pfizer for HIV products) for HIV products on similar grounds.
We highlight that it may discourage MNC pharma companies to go aggressive on their
India plans or they may have to have an India specific pricing strategy. Glaxo India in its
recent analyst meet has indicated that it has launched two oncology products and is
planning to launch one more from the parent’s pipeline in the near future.

Budget constricts growth ::Business Line

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The Union Budget for 2012-13 has a clutch of announcements relating to real estate development, aimed at enhancing fund flow, and a few incentives for the home buyer.

But it has left the housing sector largely dissatisfied, as the support is considered inadequate, given the market conditions.

In the backdrop of the overall dissatisfaction expressed by the manufacturing sector due to the increase in costs and limited opportunities for growth, developers are worried this could translate into a slowdown in demand in the housing sector.

DTC likely to become effective from FY'14, hopes Pranab Mukherjee (ET)

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Finance minister Pranab Mukherjee expressed hope that the direct tax regime would become effective from 2013-14.

Responding to a query in a post-budget interaction with industry leaders, he said the DTC legislation would be in place in 2012-13, but "effect would be from the next year onwards".

Standing Committee on Finance headed by Senior BJP leader Yashwant Sinha scrutinised the DTC Bill and submitted the report to Parliament on March 9.

On the changes suggested by the panel in the DTC, Mukherjee said two recommendations, General Anti Avoidance Rule ( GAAR) and Advance Pricing Agreement (APA), have already been proposed in the Budget 2012.

DTC will replace the Income Tax Act, 1961. On the proposed Goods and Services Tax (GST) regime, the Finance Minister said the government was working on a model legislation for the new indirect tax regime.

"So far the progress is GST is concerned, I can share with you that only model legislation we are working," he said and stressed upon political consensus for early implementation of the legislation.

The GST Constitutional Amendment is currently with the Standing Committee on Finance.

The proposed GST would subsume most indirect taxes like excise duty and service tax at the central level and VAT on the state front, besides local levies.

Buy Polaris Financial Technology: Traget Rs 230: BP Equites

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Company Background
Polaris Financial Technology Limited (PFTL) incorporated in 1993, headquartered in Chennai has a
strong global footprint and primarily focuses on Banking and financial services (BFSI) vertical. It has
eight out of the top 10 financial services firms globally among its clients. CitiGroup is its largest client,
accounting for over 40% of consolidated revenues. The company offers IntellectTM, first pure play Service
Oriented Architecture (SOA) based application suite serving retail, corporate, investment banking
and Insurance clients. The IntellectTM suite has grown strongly since the last five years of inception
and going forward we believe it to contribute significantly to company’s top line and profits.

MEDIA -Maintaining momentum in tough environment :: Edelweiss

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As per latest FICCI‐KPMG report, the Indian Media & Entertainment
industry grew 12% in CY11 to INR1,457bn, a tad lower than the earlier
13% forecast. TV grew well ahead of print (~11% YoY vs ~8%YoY) and will
continue to do so. Even though the ad scenario was challenging in
H2CY11, strong consumption in Tier 2 and 3 cities and fast growing new
media segments triggered double‐digit growth. Ad revenues surged 13%
(8% as per Pitch Madison) in CY11 compared to 17% (28% according to
Pitch Madison) in CY10. We expect subscription revenue to be key
growth driver in CY12. Recovery in ad revenues is likely to be back ended
(in H2FY13) on reversal in interest rates, likely improvement in consumer
sentiment, moderation in inflation, and policy reform (if any).

The world of futures and options ::Business Line

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Derivatives as the word suggests are those financial instruments whose values are derived from the value of the underlying.

Derivatives were initially traded mainly in the form of “Forward” contracts.

Historically, forwards were mainly used to hedge against fluctuations in the value of commodities and were bi-lateral contracts between two parties.

However, these trades carried huge risk in terms of counter party defaults.

Then came the concept of exchange-based derivatives.

Andhra Bank: Downgrade after recent rally:: Kotak Securities PDF Link

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http://www.kotaksecurities.com/pdf/indiadaily/indiadaily15032012.pdf


Andhra Bank (ANDB)
Banks/Financial Institutions
Downgrade after recent rally. We downgrade Andhra Bank to ADD from BUY due to
its recent stock price performance. We believe our earnings estimates broadly capture
the underlying risk in the skewed loan portfolio (towards power). We find valuations
inexpensive at 0.9X book and 6X FY2013E EPS. We expect the bank to deliver RoE of
about 16% and EPS of 4% CAGR over FY2012-14E.