25 September 2012

Banking - SEB restructuring: Intent right, but implementation key; sector update:: Edelweiss

The Cabinet Committee on Economic Affairs (CCEA) has approved  a financial restructuring scheme aimed at state distribution companies (discoms). The package is a positive move and give comfort on PSU banks’ exposure to discoms, more so for Allahabad, Union, OBC, Central Bank of India and also PFC and REC (though not in terms of working capital loans but overall exposure to SEBs) given: (i) loans will be backed by government guarantees and 50% will be converted into state government bonds in 2-5 years; (ii) cash flow mismatches will be ironed out given moratoriums; (iii) interest servicing too will be guaranteed by state governments, thereby eliminating slippage concerns; and (iv) mandatory conditions w.r.t. tariff hikes, lowering AT&C losses, finalizing annual audited accounts etc. will inculcate the much needed discipline. However, there are a few grey areas, particularly with respect to implementation: (1) this being a state subject, the scheme’s acceptance will be clear only post finer details are out and more so for states which have already restructured their loans; (2) rates at which  bonds will be issued and resultant NPV hit for banks if any; and (3) this may qualify as a second restructuring for some states calling for RBI dispensation to prevent it from being considered as NPL.
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Commodities Buzz (metal & energy) [September 24, 2012] Sharekhan

Commodities Buzz (metal & energy)
[September 24, 2012]
 Summary of Contents
 
 
COMMODITIES BUZZ (METAL & ENERGY)
Commodities on the defensive as focus shifts to Europe, growth
Commodities and risk assets appear to be on defensive today as traders shift their focus back to global growth and lingering problems in Europe...
 
 
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Daring Derivatives [For September 25, 2012] Sharekhan

Daring Derivatives
[For September 25, 2012]
 Summary of Contents
 
DARING DERIVATIVES
Derivatives Summary
  • Nifty (August) futures' premium has decreased from 15.90 points to 12.05 points.
  • The total open interest in the market was Rs167,347 crore and Rs4,285 crore was added in open interest.
  • Nifty call options added 23.54 lakh shares in open interest whereas put options added 11.70 lakh shares in open interest.
 
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Category-Wise Turnover 25-Sep-12

Trade DateCategoryBuy Value in Rs.CroresSell Value in Rs.Crores
25-Sep-12Mutual Funds345.32303.3142.01
25-Sep-12Proprietory Trades90675.2391538.72-863.49
25-Sep-12Others66302.0164951.571350.44
Notes :
1.  Buy / Sell value at the end of day:
     Options Value (Buy/Sell) = Strike price * Qty
     Futures Value (Buy/Sell) = Traded Price * Qty
2. Others exclude FIIs, Mutual Funds, Proprietory Trades


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BSE, Bulk deals, 25-Sep-2012

Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
25/9/2012524412Aarey DrugsDEEPIKA JASMIN SHAHB16166848.99
25/9/2012524412Aarey DrugsDEEPIKA JASMIN SHAHS18620048.36
25/9/2012524412Aarey DrugsAJITKUMAR JOGENDARPRASAD SINGHS9030149.87
25/9/2012531568Ashutosh PaperNIKHIL BANSALS6000042.50
25/9/2012506285Bayer CropBILAG INDUSTRIES PRIVATE LIMITEDB59829481002.85
25/9/2012506285Bayer CropBAYER CROPSCIENCE AKTIENGESELLSCHAFTS40829481002.85
25/9/2012506285Bayer CropBAYER AGS19000001002.85
25/9/2012531582Beryl SecDEEPAK VIJAYB3500011.15
25/9/2012531582Beryl SecEXPERT FINANCIAL SERVICESS3640011.11
25/9/2012531590BilpowerDST VALUE REALTY PRIVATE LIMITEDB7248245.25
25/9/2012531590BilpowerVIJAY GIRJASHANKAR TRIVEDIS10000045.29
25/9/2012531590BilpowerVIJAYMOHAN RAGAVAN NAIRS7500045.40
25/9/2012534691Comfort CommotradeGAURAV GARGS6000010.90
25/9/2012524506Coral LabNAVIN BACHUBHAI DOSHIB3457067.08
25/9/2012531171Devika ProtMUKESH BHOGIBHAI DARJIB1000005.20
25/9/2012531171Devika ProtSHAH AALOK PRADIPKUMARS799005.20
25/9/2012531820Finalysis CredSUSHILADEVI DIDWANIAS3000045.80
25/9/2012531820Finalysis CredNANDKISHORE DIDWANIAS4126845.80
25/9/2012532764GEECEE*VISARIA SECURITIES PRIVATE LIMITEDB39000053.00
25/9/2012532764GEECEE*SURESHCHAND SUGANCHAND JAINB50000053.00
25/9/2012532764GEECEE*ESDOTCOMSUP&SOFTWARE S PVTS19016853.00
25/9/2012590075Lambodhara Tex-$GIULIA BOSCOB200000100.00
25/9/2012590075Lambodhara Tex-$ABUZU HOLDINGS PVT LTDS200000100.00
25/9/2012532097Mukand EngrSHREENATH FINSTOCK PRIVATE LIMITEDB7371529.89
25/9/2012532097Mukand EngrSHREENATH FINSTOCK PRIVATE LIMITEDS7871529.92
25/9/2012590074Ortin Lab-$RAJESH GAURISHANKAR PODDARB2382725.55
25/9/2012590074Ortin Lab-$BABITA DEVI SHARMAB2500025.25
25/9/2012590074Ortin Lab-$RAJKUMARI HANUMANPRASAD SABOOB2800025.47
25/9/2012590074Ortin Lab-$RAJKUMARI HANUMANPRASAD SABOOS3088525.32
25/9/2012590074Ortin Lab-$RAJKUMARI HANUMANPRASAD SABOOS2429025.41
25/9/2012511734Pasupati FinCPR CAPITAL SERVICES LIMITEDB4000018.38
25/9/2012511734Pasupati FinCHARISHMA ENGINEERING LIMITEDS4167918.40
25/9/2012513403PM TelelinnksPRANALI SURANAS10000033.30
25/9/2012523523Rainbow Papers-$DEVKANT SYNTHETICS INDIA PRIVATE LIMITEDB125019077.50
25/9/2012523523Rainbow Papers-$DEVKANT SYNTHETICS INDIA PRIVATE LIMITEDS124987877.50
25/9/2012531944Servotech EngrRADHEY S LAHOTIB950004.07
25/9/2012531944Servotech EngrMAYUR NARAYANDAS DARJIS950004.07
25/9/2012511754Shalibhadra FinDAVE RAKIN SHIVPRASADB3067561.55
25/9/2012511754Shalibhadra FinSANJAY BABULAL PANDYAS3020261.56
25/9/2012526049Shri LakshmiQuadeye Securities Pvt LtdB16257389.25
25/9/2012526049Shri LakshmiSATYA PRAKASH CHAUDHARY (HUF)B16526389.11
25/9/2012526049Shri LakshmiSATYA PRAKASH CHAUDHARY (HUF)S16526389.22
25/9/2012526049Shri LakshmiQuadeye Securities Pvt LtdS16257389.12
25/9/2012533228SKS MicrofinanceTHE ROYAL BANK OF SCOTLAND N.V.B5000000117.15
25/9/2012533228SKS MicrofinanceDEUTSCHE SECURITIES MAURITIUS LIMITEDS5000000117.15
25/9/2012519586SMILAXARCHANA NAVANDERB7000114.88
25/9/2012530867Suryanagri FinSANJAY CHIMANLAL AGRAWALS2500047.65
25/9/2012526139Transgene BioBLACKHORSEMEDIA ANDENTERTAINMENT PRIVATELIMITEDS37880611.83
25/9/2012507458United Brew HldgCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB545569119.45
25/9/2012507458United Brew HldgCROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS531491120.23
25/9/2012531390Upsurge InvestPANKAJ SHANTILAL PARIKHS10389951.56
25/9/2012531950Vertex SecCLARUS FINANCE AND SECURITIES LIMITEDS4835685.44
* B - Buy, S - Sell
** = Weighted Average Trade Price / Trade Price

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NSE, Bulk deals, 25-Sep-2012

DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price		Remarks
25-Sep-2012CAIRNCairn India LimitedCAIRN UK HOLDINGS LIMITEDSELL1526,29,500323.12-
25-Sep-2012CAIRNCairn India LimitedCITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITEDBUY390,28,000323.10-
25-Sep-2012CAIRNCairn India LimitedHSBC GLOBAL INV FUNDS A/C HSBC GLOBAL INV FUND MAURITIUS LTDBUY134,34,181323.10-
25-Sep-2012CAIRNCairn India LimitedINDUS CAPITAL ADVISORS UK LLP INDUS INDIA FUND MAURITIUS LTDBUY108,44,646323.10-
25-Sep-2012CAIRNCairn India LimitedSEGANTII INDIA MAURITIUSBUY123,00,000323.10-
25-Sep-2012CAIRNCairn India LimitedSEGANTII INDIA MAURITIUS LTDBUY123,00,000323.10-
25-Sep-2012EDSERVEdserv Softsystems LimiteKBC ALDINI CAPITAL MAURITIUS LIMITED (DR)SELL1,50,00016.25-
25-Sep-2012EKCEverest Kanto Cylinder LiMERILL LYNCH CAPITAL MARKETS ESPANA S.A. SVBUY6,50,00034.02-
25-Sep-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDBUY31,19,49291.83-
25-Sep-2012HDILHousing Development and IGENUINE STOCK BROKERS PVT LTDSELL31,19,49291.85-
25-Sep-2012HOTELRUGBYHotel Rugby LtdSANJAYKUMAR JAIPRAKASH AGARWALBUY99,18133.80-
25-Sep-2012HOTELRUGBYHotel Rugby LtdSAVITRIDEVI JAIPRAKASH AGARWALBUY88,00033.80-
25-Sep-2012IVRCLINFRAIVRCL LimitedUNION INVESTMENT LUXEMBOURG S.A A/C UNIASIABUY23,84,00048.23-
25-Sep-2012KFAKingfisher Airlines Ltd.TRANSGLOBAL SECURITIES LTD.BUY59,25,02413.76-
25-Sep-2012KFAKingfisher Airlines Ltd.TRANSGLOBAL SECURITIES LTD.SELL59,25,02413.78-
25-Sep-2012LITLLanco Infratech LimitedSUNTECK WEALTHMAX CAPITAL PRIVATE LIMITEDBUY164,05,15815.49-
25-Sep-2012LITLLanco Infratech LimitedSUNTECK WEALTHMAX CAPITAL PRIVATE LIMITEDSELL164,58,43915.52-
25-Sep-2012UBHOLDINGSUnited Breweries (HoldingCROSSEAS CAPITAL SERVICES PVT. LTD.BUY5,26,628120.20-
25-Sep-2012UBHOLDINGSUnited Breweries (HoldingCROSSEAS CAPITAL SERVICES PVT. LTD.SELL5,45,596119.66-

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