20 May 2012

May 20: Speciality Restaurant IPO: Grey Market Premium: Buyers at Rs 2.50

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May 20: Speciality Restaurant IPO: Grey Market Premium: Buyers at Rs 2.50


Bonds / NCDs / FDs with Safety & High Returns (10.50% - 13.00%)

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Now that the RBI has already started a possible reversal in its monetary policy stance, the high interest rates may soon be a thing of past. With the interest rate cycle peaking, the returns on Fixed Income products like Bond/NCDs/FDs may start trending downward in the near term. Hence, the time is now opportune for investors to lock-in high attractive fixed interest rates.

I am please to present you an opportunity to invest in currently available bonds & FDs. The following list displays their interest, prices & actual yields & maturity dates. Kindly go through the same & let me know your response. I would recommend you to lock in high interest rates before RBI again reduces the interest rates.



Bonds / NCDs
S. No.
Company / Scheme Name
Rating
Face Value
Coupon
Interest Frequency
YTM
Maturity
Lock - In


1
TISCO 11.80%
AA
10,00,000
11.80%
Semi - Annual
10.60%
Mar-2021
NO

2
Dewan Housing Finance Corporation Limited 12.75%
AA+
10,00,000
12.75%
Annual
12.21%
Oct-2021
NO

3
Cox & Kings Ltd 11.25% - [Secured]
AA
10,00,000
11.25%
Quarterly
10.70%
Oct-2014
NO

4
Cholamandalam Investment & Finance Company 12.50%
AA-
5,00,000
12.50%
Semi - Annual
12.40%
Dec-2021
NO

5
Cholamandalam Investment & Finance Company 12.95%
AA-
5,00,000
12.95%
Annual
12.40%
Dec-2021
NO

6
Religare Finvest Ltd 13%
AA-
10,00,000
13.00%
Annual
12.15%
May-2017
NO

7
TATA Motors Finance Ltd 11.35%
A+
5,00,000
11.35%
Annual
10.90%
Nov-2020
NO

8
Lakshmi Vilas Bank 11.40%
A-
10,00,000
11.40%
Quarterly
11.25%
Feb-2018
NO

9
Catholic Syrian Bank Ltd 8.75%
A
10,00,000
8.75%
Semi - Annual
12.25%
Apr-2014
NO

10
Muthoot Finance Ltd. 12.25%
AA-
1,000
12.25%
Annual
12.50%
Sep-2014
NO

11
Religare Finvest Ltd 12.15%
AA-
1,000
12.15%
Annual
12.75%
Sep-2014
NO

Fixed Deposits Schemes
S. No.
Company / Scheme Name
Rating
Interest Rates (Annual/Cumulative)
3 Yrs Yield (%p.a.)
Non-Cumulative (Quarterly Payout)
1 Yr
2 Yrs
3 Yrs
1 Yr
2 Yrs
3 Yrs
1
Mahindra & Mahindra Finance *
AAA
9.50%
10.25%
10.50%
11.64%
9.15%
9.90%
10.15%
2
Dewan Housing Finance Ltd **
AAA
10.50%
10.50%
10.50%
11.97%
10.38%
10.38%
10.38%
3
Dewan Housing Finance Ltd ** (36 Months)
AAA
 -
 -
11.00%
12.25%
 -
 -
10.55%
4
HDFC Platinum Fixed Deposits *
AAA
9.75%
--
9.75%
10.90%
9.45%
--
9.45%
5
Kerala Transport Development Finance Corporation Ltd *
Guaranteed by Govt of Kerala
10.25%
10.25%
10.25%
11.94%
10.25%
10.25%
10.25%
6
Shriram Transport & Finance Co. Ltd
AA+
9.25%
9.75%
10.75%
11.94%
8.95%
9.41%
10.34%
7
Jindal Cotex Ltd. (Jindal Group of Companies)
Not Rated
12.00%
12.25%
12.50%
14.89%
12.00%
12.25%
12.50%
8
Jaiprakash Associates Ltd
Not Rated
11.75%
12.25%
12.50%
15.07%
11.75%
12.25%
12.50%
9
Ind - Swift Ltd **
Not Rated
11.00%
11.50%
12.00%
14.19%
11.00%
11.50%
12.00%
**0.50% extra For Senior Citizen/Share Holders
* 0.25% extra For Senior Citizen

Technical Query Corner: Lupin, MMTC, NTPC, DLF, Jet Airways, L and T, :: Business Line

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Kindly enumerate on the long-term outlook for L&T purchased at Rs 1,928.
R.M. Kumarappan
Larsen and Toubro (Rs 1,161.5): Larsen and Toubro has long-term resistance in the zone between Rs 2,200 and Rs 2,400. It peaked in this zone in November 2007 and again in November 2010. The stock is in a long-term decline since its November 2010 peak that has resulted in a decline of 55 per cent.
Key long-term support for the stock is at Rs 1,196. The stock declined below this level but is trying to form a base around the psychological support at Rs 1,000. This level also coincides with the downward gap formed in May 2009.
Decline below Rs 1,000 can prove disastrous for the stock since the next support is far below at Rs 557. Investors can, therefore, consider divesting their holdings on decline below Rs 1,000.
Resistances for the months ahead would be at Rs 1,460 and Rs 1,752. Long-term ceiling will continue to be at Rs 2,200.

52-WEEK BLOCKBUSTER: FAG BEARINGS :Business Line

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FAG Bearings is the second largest player in the Indian bearing industry with a market share of about 15 per cent. Outside the auto industry, the company supplies bearings for companies in the capital goods sector. At a time when the auto industry growth moderated and raw material prices moved up sharply, its diversified clientele and superior operating margins have helped the stock find favour in the markets.
In addition, when rising interest rates have been affecting profit margins, the debt-free status of the company has also come in handy. The company has been able to ride over the over all auto industry slowdown by taking advantage of the strong demand for utility vehicles and light commercial vehicles.
Besides, a presence in the automotive after markets, where realisations are higher than in direct sale to auto manufacturers, has also stood the company in good stead.
For the year ended December 2011, net sales grew by 25 per cent to Rs 1,299 crore and net profits grew by 43 per cent to Rs 176 crore. EBITDA margins were at 22 per cent. Going forward, considering the strong demand and the current capacity utilisation of over 100 per cent, the company has planned for capacity expansions from internal accruals.

May 19: technicals: Pivotals - SBI, Reliance Industries, Tata Steel, Infosys, :: Business Line

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The stock breached the key support at Rs 690 and declined to an intra-week low of Rs 673 last week. However, taking support around this low, it recovered most of its losses. Still, the stock appears to be testing its important support range between Rs 690 and Rs 700. An upward reversal will be a corrective rally for the stock and can encounter resistance at Rs 720 in the short-term.
Failure to move past this resistance can keep the stock confined to moving sideways between Rs 671 and Rs 720 for a while, before moving in a clear direction. Next key resistances are positioned at Rs 733 and Rs 755.
As long as the stock trades under Rs 790, its medium-term trend will be down and we don't rule out the possibility of it declining to Rs 671 once more. Subsequent key support is pegged at Rs 650.
Infosys (Rs 2,385.4)
The stock was volatile and added three per cent in the previous week, contrary to our expectation. It is currently taking support around Rs 2,305 and bouncing up with low volumes. Short-term traders should tread with caution as long as the stock manages to trade above Rs 2,305 support level. A downward breach of this support will strengthen the bearish momentum and pull the stock down to Rs 2,270 and to 2,200.
Continuation of the stock's current up move will encounter resistances at Rs 2,405, Rs 2,485 and Rs 2,540. Strong rally above Rs 2,600 is required to reverse the medium-term downtrend that has been in place from this February peak of Rs 2,990.
State Bank of India (Rs 1,942)
After testing key support around Rs 1,850, the stock took base and bounced up sharply last week. This up move was triggered by the daily indicators and oscillators reaching oversold levels and displaying positive divergence. The stock gained almost five per cent accompanied by good volumes in the previous week. Short-term traders can initiate fresh long positions with stop-loss at Rs 1,942. Targets are Rs 2,000 and Rs 2,070.
An emphatic rally above Rs 2,130 is needed to alter the stock's medium-term downtrend and push it higher to Rs 2,220. Key supports to watch in the upcoming week are at Rs 1,900 and then in the Rs 1,820 and Rs 1,850 band. Conclusive penetration of Rs 1,820 will pave the way for a decline to Rs 1,776 and then to Rs 1,715 in the months ahead.
Tata Steel (Rs 399.8)
In line with our expectation, the stock declined and achieved our price targets of Rs 400 and Rs 393. The stock fell 2.8 per cent with good volumes. It is currently testing an important long-term support band between Rs 390 and Rs 400. On Friday, the stock declined to an intra-day low of Rs 390 and recovered smartly, forming a bullish reversal candlestick pattern, namely, dragonfly doji candlestick pattern.
As this pattern has occurred at the bottom of the downtrend and at a key support band, we believe that the stock's downtrend could have come to an end and the short positions are probably covered. The stock's daily relative strength index is showing signs of positive divergence. However, it is very early to jump to a conclusion. The stock has to rally above the significant resistance level at Rs 420 to confirm it.
A decisive break through of Rs 420 will lift the stock higher to Rs 440 and to Rs 450 in the short-term. A failure to move above Rs 420 will confine the stock to moving between Rs 390 and Rs 420. Key support below Rs 390 is at Rs 374.

Pivotals - Reliance Industries (688.6)