Zee Entertainment Enterprises - Demystifying ZEE's 18% ad growth in Q1FY13; company update; Buy :Edelweiss PDF link

Zee Entertainment Enterprises  (Z IN, INR 154, Buy)

Most investors are still grappling with ZEE’s 18% YoY ad growth in Q1FY13 and want to know if this is a one-off. The ad growth looks particularly impressive in the backdrop of most print companies posting negative to low single digit ad growth (DB Corp: -0.6%, HT Media: -3% and HMVL: 6%). An improvement in market share has been critical for ZEE, especially in lieu of the recent downgrade in TV ad growth forecast to 5.6% YoY in 2012 by GroupM. Our analysis of declared Q1FY13 results of three consumer companies (HUL, Dabur and Colgate) suggests that on a combined basis, these companies have hiked ad spends by a massive 33.6% YoY. Overall media intensity for FMCG has increased from an indexed base of 103 in Q4FY12 to 107 in Q1FY13 due to expansion in gross margins. Because FMCG contributes ~53% to ZEE’s ad revenues, its ad growth appears sustainable. Also, ZEE will be one of the safest and most attractive stocks to play the digitisation theme. Maintain ‘BUY’.

Ashok Leyland - “Pruning estimates, maintaining Outperformer on attractive valuations” :: LKP Research

ALL still expects to grow at 7-8% in FY 13 as South India recovers and market share goes up

Although the MHCV industry has de-grown by 12.5% in Q1 FY13, the drop in Southern markets has been as low as 4.5%, thus indicating that the South Indian markets which were subdued for last one year are showing signs of improvement, where ALL commands more than 50% market share. This has led ALL to gain market share from 25.7% to 26.2% on a sequential basis. Company believes that despite slowdown in the MHCV industry, they will do better on the back of  demand coming back to south India. ALL has targeted to grow by 7-8% this year on the back of 15-20% growth in the bus segment and exports mainly to Africa and Middle East. Also the LCV Dost may help the company to gain market share (currently 25%) in the LCV segment in the 7 states where it is launched. The production of Dost is slated to increase rapidly and consume the entire capacity of 50,000, while ALL expects to sell 32,000 units in FY 13. New launches include a 10x2 rigid axle vehicle, a front engine, low floor, fully flat Jan Bus, haulage U truck and a mini bus in 3Q FY13.  Over and above this, accounting of sales of LCV Dost outside Tamil Nadu (currently ~70%) will provide the additional trigger to volume growth as Dost has got an encouraging response.

FII & DII trading activity across NSE and BSE 25-07-2012

	Buy	Sell	Net
	Value	Value	Value
FII	1760.39	2132.6	-372.21
DII	1012.3	1022.77	-10.47

-- 

Understanding Why Reforms Are So Important For A Nation :Tata Mutual Fund

For India to try to get back on the growth path the following may need to happen

1) Inflation moderates

2) Interest rates soften

3) Growth picks up

FII DERIVATIVES STATISTICS FOR 25-Jul-2012

FII DERIVATIVES STATISTICS FOR 25-Jul-2012
	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	162470	4143.69	181379	4591.32	658768	16413.96	-447.63
INDEX OPTIONS	600286	15296.72	585516	14949.31	1847445	47203.08	347.40
STOCK FUTURES	290732	7532.37	288371	7457.83	1077251	27904.55	74.54
STOCK OPTIONS	29226	809.05	27399	756.85	69815	1881.54	52.19
						Total	26.51

9 financial gifts for your sister this Raksha Bandhan :Investment-mantra

A financial Raksha Bandhan gift isn't as much fun as a regular gift. However such a gift is much more worthy then a box of chocolates from a fancy mall.

Raksha Bandhan celebrates the relationship between brother and sister. The festival is marked by the tying of a Rakhi, or holy thread, by the sister on the wrist of her brother. The brother in return offers a gift to his sister and vows to look after her as she presents sweets to her brother. This Raksha Bandhan you can look at gifting your sister some financial gifts which can prove beneficial to her in the long run.

Let's look at some of investment options which you can consider for your sister this Raksha Bandhan which she will treasure for rest of her life. Do remember the earlier it is, better the returns due to power of compounding.

BSE, Bulk deals, 25/7/2012

Deal Date	Scrip Code	Company	Client Name	Deal Type *	Quantity	Price **
25/7/2012	590116	7SEAS TECH	MEENU JAINBHANSHALI	S	47405	36.13
25/7/2012	526347	ACCLAIM IND	SANTOSH RANGA	B	35000	34.00
25/7/2012	526347	ACCLAIM IND	KRUSHNAKUMAR GURUVACHAN BRAHMBHATT	B	25000	32.83
25/7/2012	526347	ACCLAIM IND	CEEPLAST TRADING COMPANY PRIVATE LIMITED	B	25000	34.00
25/7/2012	526347	ACCLAIM IND	ABHISHEK MEHTA	S	194767	34.00
25/7/2012	531591	Bampsl Sec	SANGEETA BANDIL	B	3000000	0.77
25/7/2012	531591	Bampsl Sec	KIRAN GUPTA	S	1812826	0.77
25/7/2012	531458	BOSTON BIO	PAYALBEN PURVIN PATEL	B	50000	4.95
25/7/2012	531458	BOSTON BIO	PATEL SANJAYBHAI NARANDAS	S	265400	4.95
25/7/2012	530337	Exelon Infra	AVANI KAUSHIK KANAKIA	B	100403	7.98
25/7/2012	530337	Exelon Infra	M V LAKHANI	S	100000	7.98
25/7/2012	531820	Finalysis Cred	SAGAR KADAM	B	42015	68.00
25/7/2012	531820	Finalysis Cred	DHARMENDRA HARILAL BHOJAK	B	44000	68.00
25/7/2012	531820	Finalysis Cred	VALLABHBHAI KAKADIYA	S	108350	68.00
25/7/2012	590065	India Motor	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	B	29007	875.76
25/7/2012	590065	India Motor	CROSSEAS CAPITAL SERVICES PRIVATE LIMITED	S	29007	872.75
25/7/2012	531602	Koffee Break	MANISH LALTICHANDARA SHAH	S	918055	0.39
25/7/2012	531602	Koffee Break	L D SHAH	S	1350100	0.39
25/7/2012	517554	NHC Foods	MUSTAFA HUSSAINI SAYED	B	50000	20.00
25/7/2012	517554	NHC Foods	APOORVA SHAH	S	50000	20.00
25/7/2012	512489	Oasis Sec	OAK TANSITON MANAGEMENT PRIVATE LTD.	B	19000	98.48
25/7/2012	512489	Oasis Sec	RANGNATH SOMANI	S	10000	98.50
25/7/2012	590074	Ortin Lab-$	ARJUN DHONDIBA PATIL	B	34250	17.70
25/7/2012	590074	Ortin Lab-$	ARJUN DHONDIBA PATIL	S	34250	17.62
25/7/2012	511734	Pasupati Fin	BURGEON SECURITIES LIMITED	B	119056	9.90
25/7/2012	511734	Pasupati Fin	BURGEON SECURITIES LIMITED	S	29709	10.14
25/7/2012	511734	Pasupati Fin	SARVAIYA DAKSHABEN HITESHBHAI	S	39548	9.89
25/7/2012	511734	Pasupati Fin	B M TRADERS	S	35000	9.86
25/7/2012	511734	Pasupati Fin	HITENDRAKUMAR AMRUTLAL PARMAR	S	45000	10.09
25/7/2012	515127	Rammaica India	PARESH DHIRAJLAL SHAH	B	30000	15.00
25/7/2012	515127	Rammaica India	TIEN TRADING PRIVATE LIMITED	S	37500	14.89
25/7/2012	503162	Reliance Chem-$	HARISH KUMAR SINGHANIA	B	25900	111.91
25/7/2012	503162	Reliance Chem-$	MILESTONE SHARES & STOCK BROKING PRIVATE LIMITED	B	25000	111.96
25/7/2012	503162	Reliance Chem-$	MUKESH CHOURADIA	S	22598	112.00
25/7/2012	503162	Reliance Chem-$	RAJESH AGRAWAL	S	25000	112.00
25/7/2012	511754	Shalibhadra Fin	SHAH ANILBHAI NAGINLAL	B	37800	56.01
25/7/2012	511754	Shalibhadra Fin	SANJAY BABULAL PANDYA	B	25800	56.64
25/7/2012	511754	Shalibhadra Fin	SANJAY BABULAL PANDYA	S	39317	56.05
25/7/2012	530289	SP Capital	GAJMUKH SUPPLIERS PRIVATE LIMITED	B	31153	119.17
25/7/2012	512449	SVC RES	AKSHAT ASHOK GUPTA	S	350000	5.46
25/7/2012	512101	Triochem Prod	RAPID STOCKS PVT.LTD.	B	2500	13.60
25/7/2012	512101	Triochem Prod	N L RUNGTA HUF	B	2000	13.60
25/7/2012	512101	Triochem Prod	BADRI PRASAD CHOUDHURY	S	2500	13.60
25/7/2012	512101	Triochem Prod	KISHORE RADHESHAM CHOKHANI	S	2000	13.60
25/7/2012	590111	VAISHNAVI	SAI NITHISHA PARVATHANENI	S	111505	5.60
25/7/2012	534567	VKS PROJECTS	DECENT FIN SER (P) LTD	B	151000	55.00
25/7/2012	534567	VKS PROJECTS	SAGAR RAJESHBHAI JHAVERI	S	118617	55.00
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

NSE, Bulk deals, 25-Jul-2012

Date	Symbol	Security Name	Client Name	Buy / Sell	Quantity Traded	Trade Price / Wght. Avg. Price	Remarks
25-Jul-2012	AANJANEYA	Aanjaneya Lifecare Ltd	FINAVENTURE CAPITAL LIMITED	SELL	77,000	522.30	-
25-Jul-2012	ADVANTA	Advanta India Limited	ACACIA BANYAN PARTNERS	SELL	1,02,000	475.00	-
25-Jul-2012	ADVANTA	Advanta India Limited	ACACIA CONSERVATION FUND LP	SELL	1,69,000	475.00	-
25-Jul-2012	ADVANTA	Advanta India Limited	ACACIA II PARTNERS L.P	SELL	12,000	475.00	-
25-Jul-2012	ADVANTA	Advanta India Limited	ACACIA INSTITUTIONAL PARTNERS LP	SELL	1,47,000	475.00	-
25-Jul-2012	ADVANTA	Advanta India Limited	ACACIA PARTNERS L.P	SELL	2,33,525	475.00	-
25-Jul-2012	ADVANTA	Advanta India Limited	ITF MAURITIUS	BUY	6,76,025	475.37	-
25-Jul-2012	AKZOINDIA	Akzo Nobel India Limited	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.	SELL	6,00,000	920.00	-
25-Jul-2012	AKZOINDIA	Akzo Nobel India Limited	ICICI SECURITIES LIMITED	BUY	8,70,000	919.99	-
25-Jul-2012	HDIL	Housing Development and I	GENUINE STOCK BROKERS PVT LTD	BUY	21,24,627	72.73	-
25-Jul-2012	HDIL	Housing Development and I	GENUINE STOCK BROKERS PVT LTD	SELL	21,24,627	72.78	-
25-Jul-2012	HOTELRUGBY	Hotel Rugby Ltd.	SAVITRIDEVI JAIPRAKASH AGARWAL	BUY	1,13,305	14.02	-
25-Jul-2012	HOTELRUGBY	Hotel Rugby Ltd.	SAVITRIDEVI JAIPRAKASH AGARWAL	SELL	88,261	13.70	-
25-Jul-2012	IMPAL	India Motor Parts and Acc	CROSSEAS CAPITAL SERVICES PVT. LTD.	BUY	28,961	872.36	-
25-Jul-2012	IMPAL	India Motor Parts and Acc	CROSSEAS CAPITAL SERVICES PVT. LTD.	SELL	28,961	876.24	-
25-Jul-2012	IMPAL	India Motor Parts and Acc	MULTIPLEX CAPITAL LTD.	BUY	22,421	884.45	-
25-Jul-2012	IMPAL	India Motor Parts and Acc	MULTIPLEX CAPITAL LTD.	SELL	22,421	885.33	-
25-Jul-2012	LITL	Lanco Infratech Limited	SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED	BUY	215,88,795	13.03	-
25-Jul-2012	LITL	Lanco Infratech Limited	SUNTECK WEALTHMAX CAPITAL PRIVATE LIMITED	SELL	212,80,698	13.04	-
25-Jul-2012	SAKSOFT	Saksoft Limited	ASHROJ CREDIT INDIA PRIVATE LIMITED	BUY	1,40,000	69.99	-
25-Jul-2012	SIMBHSUGAR	Simbhaoli Sugars Limited	INDIA MAX INVESTMENT FUND LTD	BUY	2,00,000	33.05	-
25-Jul-2012	SIMBHSUGAR	Simbhaoli Sugars Limited	PEARL INNOVATIVE MARKETING PRIVATE LIMITED	SELL	1,50,000	33.05	-
25-Jul-2012	VKSPL	VKS Projects Limited	DECENT FIN. SER. (P) LTD	BUY	1,51,000	55.00	-

Shriram Transport Finance- Public Issue of Non-Convertible Debentures 2012.

In our continued endeavortoencourage retail investment in our Company, Shriram Transport Finance Company Limited, is launching its fourth public issue of Non-Convertible Debentures for an amount of `600 crores (`300 crores with an option to retain oversubscription of upto `300 crores).  The Issue provides 4 different investment options with the tenors of 3 years and 5 years. The Issue opens for subscription on July 26, 2012 and closes on August 10, 2012, subject to an option of early closure or extension of the issue.

Annual Report Analysis - JSW Steel :: Edelweiss PDF link

JSW Steel’s (JSW) FY12 annual report highlights another year in which operating cash flows was primarily supported by an increase in acceptances and higher bill discounting. Significant un-hedged payable position led to major forex loss of INR13.2bn, of which INR4.9bn has been capitalised while INR8.3 bn has been expensed off as exceptional; of this, forex loss of INR7.0bn has been realised. We are of the view that forex losses incurred on unhedged acceptances and creditors to the extent of interest rate differential between domestic and the foreign cost of funds should logically be considered as part of normal profitability.