23 November 2012

Tara Jewels oversubscribe 1.98x;

TARA JEWELS LIMITED
Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs)279005541467501.49
1(a)Foreign Institutional Investors (FIIs)1968500
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)1000000
1(c)Mutual Funds1178250
1(d)Others0
2Non Institutional Investors118470036689503.10
2(a)Corporates1933100
2(b)Individuals (Other than RIIs)1734450
2(c)Others1400
3Retail Individual Investors (RIIs)276430056736002.05
3(a)Cut Off5437150
3(b)Price Bids236450
4Employees79777110000.14
4(a)Cut Off11000
4(b)Price Bids0
Total6818832135003001.98
Updated as on 23 Nov 2012 at 1900 hrs

FII & DII trading activity on NSE and BSE 23-11-2012

CategoryBuySellNet
ValueValueValue
FII1736.161369.79366.37
DII532.64716.91-184.27

 


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Category-Wise Turnover 22-Nov-12

Trade DateCategoryBuy Value in Rs.CroresSell Value in Rs.Crores
22-Nov-12Mutual Funds8.2933.06-24.77
22-Nov-12Proprietory Trades58786.8358390.43396.40
22-Nov-12Others48157.0148492.33-335.32
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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Q2FY13 Result Update Prime Focus Buy Target Price: Rs71:: Centrum


Q2FY13 Result Update
Prime Focus
Buy
Target Price: Rs71
CMP: Rs45
Upside: 57%
Raises funds for FCCB redemption
Prime Focus posted Q2FY13 results below expectation on the back of delay in 2D to 3D conversion projects coupled with forex loss of Rs69mn and higher employee cost. PFT continues to be one of the future growth drivers for the company. The company has successfully raised funds for FCCB redemption which would remove the overhang on the stock and balance sheet. We have lowered our estimates and price target on the back of dilution but maintain our BUY rating.

Eagle Eye (equities) [For November 23, 2012] Sharekhan


Eagle Eye (equities)
[For November 232012]
 Summary of Contents
 
PUNTER'S CALL
5,660 crucialThe Nifty closed in the positive today. It is now expected to head lower till 5,550, with resistance around 5,660 in the short term...

SMART CHART CALLS
 
 


MOMENTUM CALLS
 
 

Click here to read report: EagleEye
 

Tara Jewel IPO oversubscribe 1.5x

Tara Jewel IPO oversubscribe 1.5x

apply for listing gains

Brace for health emergencies :: Business Line


Sunil is in his late 30s. One day he went to see his family physician after experiencing a minor discomfort in the chest. An angiogram done the every next morning revealed blockages leading to an immediate angioplasty.
He was advised complete rest for a few months and the cost of the treatment was around Rs 5 lakh. He was the only earning member of the family. Sunil had a medical reimbursement policy for about Rs 2.5 lakh. However, this was not enough to meet the expenses, so he had to pull out money from the amount he had saved for his daughter’s education.
Primarily, there are three likely situations that would seriously impact the income of an individual – critical illness, disability and medical exigencies that require surgeries.

Templeton India Pension Plan: Invest :: Business Line


Listed jewels make Tara less attractive: VS Fernando

By VS Fernando

Tara Jewels Ltd (TJL) is part of the Tara group promoted by Rajeev Sheth (Chairman & Managing Director) who holds a diploma in gemology and has over three decades of experience in jewellery business. He reportedly promoted Rose International in 1981 and became promoter-managing director of Inter Gold India (P) Ltd in 1989. TJL was incorporated in 2001 as Tara Ultimo (P) Ltd. Consequent to the merger of two group companies viz. T Two International (P) Ltd and Tara Jewels Exports (P) Ltd in fiscal 2009, the company’s name was changed to the present one.

TJL is an integrated player in the jewellery industry with experience ranging from designing to retailing. Its operation is divided into three divisions namely, manufacturing, exporting and retailing. The product portfolio includes gold, platinum, and silver jewellery with or without studded precious and semi-precious stones. TJL’s products have presence across different price points and cater to customers across all the market segments.

The company has four manufacturing units - one in China and three units in Mumbai (two in Seepz and one in MIDC). The manufacturing units are spread over an area of 84,584 square feet employing 35 designers and 955 craftsmen.

Currently TJL derives nearly four-fifths of its turnover from exports of studded jewellery manufactured in-house as well as by third parties. The company’s exports are concentrated with USA and Hong Kong accounting for approximately 40% and 35% of the revenue. Its top ten customers account for nearly 70% of the export sales.

TJIL entered the jewellery retail business in October 2008 and conducts its retail operations under the brand “Tara Jewellers”. As on August 31, 2012, TJL had 30 retail stores spread over an aggregate area of 29,949 square feet. Retail business accounts for about one-fifth of the company’s turnover.


Subscribe to Tara Jewels IPO, says Magnum Research

Magnum research has come out with its report on "Tara Jewels Limited IPO". According to the research firm, the company is targeting MIG customer’s thus any slowdown in economy may impact the growth and profitability of the company. One can subscribe to the issue for immediate and long term returns, says ressearch firm.

Tara Jewels Limited is an integrated player in the jewellery industry with experience ranging from designing to retailing of jewellery. The company runs three operations i.e. manufacturing, exporting & retailing. The company manufactures and also out source studded jewellery for exports to jewellery chains including Christ Uhrean & Schmuck and retailers including Walmart. We primarily export to Australia, China, Canada, European Union, South Africa, UAE, UK and USA. The Portfolio of products of the company are gold, platinum, honeydium, pristinium and silver jewellery, all with or without studded precious and semi-precious stones.

To read the full report click here

Capex to pressurise Tara's balance sheet: Sharekhan

Sharekhan has come out with its report on Tara Jewels (Tara) IPO. According to the research firm, the company is an integrated player in the jewellery industry, with experience ranging from designing to retailing of jewellery. The strong expansion plans and working capital intensive nature of business would continue to put pressure on the balance sheet of the company in the near term.



To read the full report click here


Avoid Tara jewels IPO, says GEPL Capital

To read the full report click here